November 30, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Paul Weiss Matches Cravath --- Cleary Gottlieb and Proskauer Rose Match --- Top Firms Begin To Fall In Line
(DBN)

Judge says creditors can seek claims against ex-Dewey execs --- Dewey Docket: Who Will Pay for Mismanagement Claims?
(DBN)

Surprisingly sweet bonuses still aren't good enough for some lawyers
(DBN)

The Evolution of the Legal Services Market
(DBN)

Denton, Dechert, Milbank, Sidley, Katten: Business of Law
(DBN)

Gibson Dunn Names New Bankruptcy Partner --- Matthew Kelsey
(DBN)

Obama's Top Lawyer Scores A Sweet New Gig After Dominating The Campaign
(DBN)

The Global Perspective That Lawyers Lack
(DBN)

From Biglaw to Boutique: Victory Emails and Giving Credit
(DBN)

Business development efforts that work – the client’s perspective
(DBN)

Law School Classmates Arrested in Insider Trading Case
(DBN)

Dean to critics: Lighten up
(DBN)

Law Dean Takes to the New York Times Op-Ed Page to Blame Media for Declining Law School Applications --- Law School Is Worth the Money --- Too many lawyers? Says who?
(DBN)

Law School Transparency: How low can we go?
(DBN)

Quote of the Day: There’s Much More to Female Law Students Than Just Their . . .
(DBN)

Cooley Law Kicks Homeless Man Off Its Property for Photo Op
(DBN)

Law student ordered to cover up 'offensive' chest hair
(DBN)

Former Adjunct Prof Faces Discipline Case After Plea re Indecent Exposure to Law Student
(DBN)

Newly-Merged SNR Denton, Salans and FMC Wants To Go By Its ‘Street Name’
(DBN)

Claims Against Former Dewey Management Face Insurance Hurdles
(DBN)

Lawyers gain from 'say-on-pay' suits targeting US firms
(DBN)

Ex-Ernst & Young Lawyers Get Tax Convictions Reversed
(DBN)

LegalZoom Gets in the Ring with Rocket Lawyer
(DBN)

The iPhone 5 Reviewed By A Normal Person
(DBN)

More Employers Creating Social Media Policies for the Workplace
(DBN)

Jury Says Singer Ryan Leslie Actually Has To Pay The $1 Million He Offered For His Stolen Laptop
(DBN)

Man given a ticket after running himself over with his own truck
(DBN)

Web Site Of The Week
(DBN)

City to open drive-in s-- boxes
(DBN)

Trooper Accused of Stealing Jewelry, Cash from Victim of Fatal Crash
(DBN)

"What the hell is this doing in my car?"
(DBN)

Time the US changed some archaic s-- laws
(DBN)

Handcuffed in A.M. re NYC Club Fight, Lindsay Lohan Is Charged in Calif. in P.M. re Accident Account
(DBN)

Say What?!
(DBN)

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Judges:

Dylan and Hair Bleach
(DBN)

New York attorney resigns after forging judges' names on subpoenas
(DBN)

NY high court continues suspension of judge facing felony DWIs
(DBN)

Municipal Court Issues Arrest Warrant for Top Texas Criminal Judge Over Unpaid Speeding Ticket
(DBN)

The Funniest Justice, week 5: Humorous error
(DBN)

Kozinski, Gangnam Style
(DBN)

Dick block removed
(DBN)

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Wall Street:

Stock futures signal flat start
(DBN)

U.S. Stocks Close Broadly Higher
(DBN)

The Rules
(DBN)

What it was like to be a woman at Goldman Sachs
(DBN)

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Layoffs:

LivingSocial confirms 400 layoffs
(DBN)

Jobless claims drop below 400k
(DBN)

Yuma, AZ unemployment rate hits 29.8%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Are things looking up for American Airlines?
(DBN)

AMR bondholders say they want new board after bankruptcy
(DBN)

Happy anniversary! It’s been a year since AMR and American Airlines landed in bankruptcy court
(DBN)

Grading AMR's Bankruptcy : Unit Revenue - A; Merger - Incomplete
(DBN)

APA: We’ve got a commitment for a new independent AMR board of directors
(DBN)

Court To Rule On Sale of Hawker 4000 Jets
(DBN)

Judge Says Creditors Can Vote on Hawker Bankruptcy Plan
(DBN)

Streamline Aviation files Chapter 11
(DBN)

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Municipalities:

Why Detroit may be America's comeback city
(DBN)

Detroit bonds cut deeper into junk by Moody's amid cash crisis --- Detroit's rising possibility of bankruptcy cited in bond downgrade --- Dissolve Detroit? Some Michigan officials say maybe --- Anti-Detroit rhetoric is heating up in the Legislature --- Thinking Seriously About the Day After The Financial Collapse of Detroit --- Detroit's bond status downgraded even more by Moody's --- Detroit’s woes bring dismay even to an optimist --- Detroit on the Verge of Insolvency , Again --- Detroit Mayor: 'We are in an environment of entitlement'
(DBN)

CalPERS, San Bernardino County smell blood in San Bernardino
(DBN)

Prichard mayor: City could get involved in battle over waterworks
(DBN)

Fidelity: Muni land mines on the horizon
(DBN)

5 States that Residents are Fleeing
(DBN)

The 20 US Cities That Are Growing The Most
(DBN)

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Hollywood:

China-based firm acquires Digital Domain's 'Tembo'
(DBN)

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Hedge Funds:

Paul Weiss Wipes Out Amaranth Appeal for JPMorgan
(DBN)

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Brokers:

MF Global UK recovers 1bn in assets
(DBN)

KPMG has more than half of the $4 bln of claims on MF Global UK
(DBN)

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Economy:

GOP Rejects Cliff Offer From Obama --- Fiscal Cliff 'Opening Bid' And It Contains Four Excellent Ideas --- Boehner Urges Obama to ‘Get Serious’ About Cliff Talks
(DBN)

How Much Income Taxes Could Rise: A Breakdown Of The Options
(DBN)

Alan Simpson: Norquist Knows the Game is Up
(DBN)

World Economy in Best Shape for 18 Months, Poll Shows
(DBN)

Record Corporate Profits
(DBN)

The Debt Ceiling Returns to Center Stage --- Tim Geithner's Solution To The Debt Ceiling Is So Reasonable, Nobody Could Possibly Object
(DBN)

CBO: Treasury Able to Fund Government Only to Early March
(DBN)

New York Fed president sees greater impact from Sandy
(DBN)

Third-Quarter GDP Growth Expanded To 2.7% For Lousy Reasons --- Stronger Third Quarter Makes Outlook Weaker
(DBN)

Corporate Profits Vs. Total Wages
(DBN)

The Deficit Did Not Cause The Recession, The Recession Caused The Deficit
(DBN)

Chart: Tuition vs. Earnings for College Grads
(DBN)

U.S. Birth Rate Hits Record Low
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Landlord Rejection-Damage Claims: Lawyering Using Graphic and Mathematical Expressions
(DBN)

Wells Fargo Lawsuit Not Barred by Earlier Deal, U.S. Says
(DBN)

Pending home sales index highest since 2007 --- Increased 5.2% in October
(DBN)

Mortgage rates level off near record low, Freddie Mac says
(DBN)

The Big Long
(DBN)

Housing Market: 47% Back to Normal
(DBN)

Detroit homeowners demand answers on defunct land company
(DBN)

Housing Demand Rose in October
(DBN)

Where Are the Foreclosures?
(DBN)

Stuyvesant Town/Peter Cooper owner, tenants settle suit
(DBN)

The Cheapest Real Estate Markets In The United States
(DBN)

Home-Buying Tips for the Powerball Winner
(DBN)

Ken Griffin buyer of Chicago’s most expensive condo
(DBN)

Multifamily Bubble on the Horizon?
(DBN)

____________

Food/Beverage:

Hostess says it has over 100 interested buyers --- Interest Coming in 'Fast and Furious,' Adviser Says --- Everything's for Sale but the Kitchen Sink
(DBN)

Hostess Says It Must Cut Retiree Benefits Due to Bankruptcy
(DBN)

Poll: Most 'Attractive' Hostess Brand
(DBN)

A look at Hostess Brands' ownership history
(DBN)

Box of ding dongs
(DBN)

Hostess Says 2011 Liquidation Value Was $450 Million
(DBN)

Hostess Seeks Court Approval For Executive Bonuses During Shutdown ---Judge OK's bonuses for execs in Hostess liquidation --- Why Should Hostess Executives Get The Bonuses They're Demanding?
(DBN)

Judge OKs Hostess wind down plan --- Hostess ready for its big bake sale
(DBN)

USDA suspends Top Tomato’s license over PACA problem --- USDA suspends three companies for PACA violations
(DBN)

______________

Retailing:

Retail sales rise a weak 1.6% in November
(DBN)

Bermo Enterprises files bankruptcy; founder says company needs to divest retail stores --- Why does bankruptcy work for clothing discounter Bermo Enterprises? --- Bermo Enterprises' bankruptcy filing a surprise to at least one landlord
(DBN)

Gift Cards and Bankruptcy
(DBN)

Tiffany loses sparkle amid luxury gloom
(DBN)

______________

Politics:

Fifth Circuit Holds That Political Contributions From Ponzi Schemers Are Fraudulent Transfers
(DBN)

Former US Senate candidate wants debt forgiven
(DBN)

______________

Jewelry:

Time Life Owner Buys Bankrupt Cash4Gold
(DBN)

______________

Awards:

Barclays wins Turnaround Financier of the Year at the annual Institute for Turnaround Awards
(DBN)

______________

Accounting:

Investor files lawsuit against Deloitte & KPMG for work on Autonomy
(DBN)

______________

Pensions:

Pension Benefit Guaranty Corp. taking over 2 RG Steel pensions covering more than 1,300
(DBN)

______________

Lehman:

Lehman Trustee, German Affiliate Settle $1.35 Billion Bankruptcy Fight
(DBN)

2 Big Rental REITs Acquire the Jewel in Lehman's Crown
(DBN)

______________

Apparel:

Hickey Freeman auction pushed back
(DBN)

_____________

Shipping:

Frontline slims more in depressed shipping market
(DBN)

______________

Defaults:

S&P: global corporate defaults now 74, up 2
(DBN)

Fitch: Lull in High Yield Defaults Temporary, Secured Bonds Warrant Caution
(DBN)

______________

Newspapers:

Cleveland Plain Dealer May be Near End
(DBN)

______________

Student Debt:

Student Loan Debt Crisis Worse Than Thought
(DBN)

______________

Religion:

Church sets up an exorcist hotline to deal with demand
(DBN)

______________

Banking:

Barclays : Will Fight $470M FERC Electricity Fraud Case in Federal Court
(DBN)

Bank of America CEO Brian Moynihan Apparently Can't Remember Anything
(DBN)

______________

Alternative Energy:

Defunct Signet Solar files bankruptcy
(DBN)

______________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Venue:

Judge in Patriot bankruptcy asks rare question: What is justice?
(DBN)

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Cross-Border:

5th Circuit: International comity can't save flawed bankruptcy plan
(DBN)

We Can All Use a Little Comity in Our Lives
(DBN)

Business Judgment Standard Applicable to Sale of Assets Located in U.S. in a Chapter 15 Case
(DBN)

______________

Claims Trading:

Lehman , MF Global Dominate October Claims Trading
(DBN)

_____________

Notice:

How to Bind Affected Parties Through Appropriate Notice
(DBN)

______________

Recent Pleadings:

Dewey Bankruptcy Court refuses To Disband Former Partners Committee --- Lets Unsecured Creditors Committee File Litigation Against Former Firm Management
(DBN)

Ondova Domain Name Sale Stayed, As 5th Circuit Prepares To Issue Ruling
(DBN)

______________

Litigation:

Sanctions for everyone? If one district court opinion stands, maybe.
(DBN)

______________

Insurance:

Professional Liability Rates to Increase in Coming Year: Survey
(DBN)

______________

Fraud:

Bernie Madoff is a reminder that a strong SEC is worth fighting for
(DBN)

Madoff Trustee Seeks $61.7 Million in Fees
(DBN)

The 'Head Trader' In The Biggest Insider Trading Case Has Been Identified
(DBN)

SAC’s assets increased despite indictment
(DBN)

Ex-baseball star Doug DeCinces indicted for insider trading
(DBN)

______________

Corporate Governance:

It's time for CEOs to stop obsessing over shareholder value
(DBN)

______________

Health Care:

Hospital Layoffs and Financial Viability: Do They Go Hand-in-Hand?
(DBN)

______________

Forest Products:

Sino-Forest Amends Plan of Compromise and Reorganization
(DBN)

_____________

Autos:

Fisker Forced To Halt Karma Production After Its Electric Battery Supplier Collapses
(DBN)

Autos: Europe's Day of Reckoning is Here
(DBN)

______________

Sovereigns:

Argentine bonds rally as US ruling quells default fears
(DBN)

The procedure of litigating pari passu?
(DBN)

Argentina's debt holdouts say they're savers, not vultures
(DBN)

Argentina's credit rating slashed by Fitch
(DBN)

In Battle With Hedge Funds, a Small Victory for Argentina
(DBN)

Argentine bonds: Argy-bargy
(DBN)

Argentina's President Basically Just Declared War On New York
(DBN)

Argentina debt ruling could set bad precedent - Brazil
(DBN)

DC Chess Playing In 2001 Gave Us The Argentine Crisis In 2012
(DBN)

______________

UK:

"Bubbles and bankruptcy: Financial crises in Britain since 1700" opens at the British Museum
(DBN)

'Hollyoaks' star Gemma Merna 'declared bankrupt due to legal loophole'
(DBN)

______________

EU:

Developments in European Restructurings
(DBN)

Eurozone economic sentiment unexpectedly up in November
(DBN)

Eurozone unemployment hits another record high
(DBN)

______________

PIIGS:

Greece: Bankers set to oppose buyback plan --- Greek debt-buyback operation may address holdouts, troika says --- Moody?s: Greek debt unsustainable --- Rutte sees possible extra steps to keep Greece on track --- Housing market contracting at alarming rate --- German parliament approves Greek deal --- IMF: No Greek Bailout Until Debt Bought Back
(DBN)

Anglo Irish Bank sues Ernst & Young
(DBN)

Bank of Portugal Warns of Rising Credit Defaults
(DBN)

Italy's Unemployment Rate Jumped To An 8-Year High
(DBN)

How Spanish Unemployment Got To Be 25%
(DBN)

______________

Canada:

BCCA sets guidelines for bankruptcy appeals
(DBN)

______________

Mozambique:

Mozambican government plans to legislate on insolvency and recovery of companies
(DBN)

______________

Belize:

Belize makes improved offer on 'superbond' restructuring --- Belize Rejects Restructuring Offer on $544 Million Superbond
(DBN)

______________

Japan:

Nakayama Steel to ask its creditors for over ¥50 billion in debt waivers
(DBN)

______________

India:

India's GDP growth languishes, headed for decade low
(DBN)

______________

Denmark:

Insolvent Danish Banks Could Win Time in Bankruptcy Review
(DBN)

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Copyright 2012