October 17, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Dewey's New York Lease Could Haunt Former Partners
(DBN)

Is It Good Enough to Simply Look Good?
(DBN)

If Wishes Were Horses, the Legal Job Market Would Shine
(DBN)

12 Faces Of The Law School Underemployment Crisis
(DBN)

Clifford Chance cites high work levels as firm reports 9% dip in pro bono hours
(DBN)

Gradenfreude: My Interview Horror Story (Or, How I Underwhelmed A Hiring Partner With My Law Degree)
(DBN)

Biglaw’s Most Underrated Firms by Practice Area
(DBN)

Every partner is asked to play the review game. Every year.
(DBN)

How to Kill Your Inner Valley Girl
(DBN)

Study: Lateral Hiring Push Will Continue Despite Uncertainty About Its Impact
(DBN)

Paid $15K to Vet Company, BigLaw Firm Gave Thumbs-Up, Didn’t Mention Suit It Had Filed Against CEO
(DBN)

Another Client Controversy for Greenberg Traurig
(DBN)

City of Bell Sues Nixon Peabody
(DBN)

Reed Smith, K&L Gates Double Down on Veteran Leaders
(DBN)

Managing Mobile Risk
(DBN)

BYON — Bring Your Own Network: A Growing Security Threat
(DBN)

Inside the Law School Scam: The limits of transparency
(DBN)

This Law School Has The Most Cutthroat Students In The Nation
(DBN)

N.Y.U. Law Plans Overhaul of Students' Third Year
(DBN)

The Accused Berkeley Bird Beheaders: The Arrest Report, The Dean’s Reaction, and More
(DBN)

Americans doubt fairness of civil courts, admit bias against corporations
(DBN)

Ex-Client Awarded $867K Against Lawyer Who Stole $75K and Law Firm That Referred Her to Him
(DBN)

Lawyer Reprimanded for Continued Use of Westlaw After Leaving Job
(DBN)

After Law Firm Cut Partner Pay, One Found Another Way to Up Ante, Earns 1-Year License Suspension
(DBN)

Lawyer Blasted by Judge Who Called Case ‘Ridiculous,’ Client a ‘Carcass’ Now Seeks His Removal
(DBN)

A New York Lawyer Was Once ‘Miss Subways’; Book Profiles Other Winners
(DBN)

Babies, Balance, And Going Back To Work
(DBN)

From nanny referrals to case updates, Vinson & Elkins’ maternity mentoring program nurtures new lawyer-moms
(DBN)

Is It OK For a Law Firm To Publicly Describe One Of Its Secretaries As ‘The Office Cougar’?
(DBN)

Man Successfully Reunited With $12,800 In Pot Plants After Calling Cops To Report Theft
(DBN)

Welcome to the Drunk-Walking Capital of the World
(DBN)

Teen Shot in Head During Home Invasion Prank
(DBN)

Man trying to slaughter pig shoots brother
(DBN)

'Bubbly' Zumba Teacher Accused Of Turning Fitness Studio Into A B------, Secretly Videotaped, Names Names
(DBN)

______________

Judges:

Do Lawyers Have a 1st Amendment Right to Be Cross with Judges?
(DBN)

Antonin Scalia Gets Parking Ticket
(DBN)

Louisiana Supreme Court to Get First Black Chief Justice
(DBN)

______________

Wall Street:

Stock index futures signal flat to lower open
(DBN)

Stocks Log 1% Rally on Earnings; Apple Jumps
(DBN)

Goldman Sachs' earnings soar, but caution rules
(DBN)

______________

Layoffs:

Study: Skilled Worker Shortage Nonsense
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Electric Car Battery Maker A123 Systems Files Bankruptcy --- Plans sales --- Johnson Controls agrees to buy A123 Systems EV battery business
(DBN)

Report: GM has lost $6.5 billion overseas since bailout
(DBN)

Commercial that buoyed Chrysler after bankruptcy
(DBN)

Chrysler, GM bailout a major factor in presidential race
(DBN)

Will the auto industry bailout influence swing state voters?
(DBN)

Romney's Auto Bankruptcy Advice Wasn't Followed: Reality Check --- Fact check: Romney, Obama stretch on auto bailout --- Obama, Romney spar over $80 billion auto industry bailout --- Obama blasts away on autos
(DBN)

Obama’s $5 Billion Slow to Charge Electric Car Purchases
(DBN)

Creditors hunt for fraud in auto leasing company bankruptcy
(DBN)

What does A123′s bankruptcy mean for Fisker?
(DBN)

EU Car Sales Fall for 12 Months in a Row
(DBN)

______________

Alternative Energy:

The Green Crash
(DBN)

Timeline: A123 Systems' Downward Spiral to Bankruptcy
(DBN)

A123 Gives Romney More Debate Ammunition
(DBN)

A123 joins Solyndra hit list
(DBN)

Battery firm bankruptcy comes after bipartisan funding under both Bush and Obama
(DBN)

Electric Car Crash
(DBN)

______________

Education:

The 50 Most Expensive Boarding Schools In America
(DBN)

______________

Gambling:

Circus and Eldorado Reaches Agreement With Noteholders
(DBN)

______________

Debt Collection:

Debt collection regulation likely to force many to leave the business
(DBN)

______________

Politics:

Candidates Tangle in Tense Debate --- Fact check: Both candidates stretch truth --- Fact Check: Tuesday's testy debate filled with false claims --- Fact checking the second presidential debate
(DBN)

Reuters Poll: Obama 46, Romney 43 --- Gallup Poll: Romney 50, Obama 46
(DBN)

Why Great CEOs Steer Clear of Politics
(DBN)

The Other Debate: Mitt Romney Vs. Candy Crowley
(DBN)

Americans: Neither Candidate Can Make Our Lives Better
(DBN)

Who Cares Who Wins? Facing the Economy
(DBN)

______________

Economy:

Families' Debt Back to Pre-recession Levels
(DBN)

Middle Class Not Losing Jobs, Just Money
(DBN)

The Recent Collapse In Business Confidence Is Stunning
(DBN)

US Industrial Production Rises in Stabilization Sign
(DBN)

Here's The Math That Won Two Economists The Nobel Prize
(DBN)

More Proof That Bush, Paulson, Geithner, Bernanke, And Obama Nailed It In Dealing With The Financial Crisis
(DBN)

Economists Reinhart And Rogoff Took A Huge Shot At Mitt Romney's Economists Today
(DBN)

Why The Rich Keep Getting Richer
(DBN)

Who Should Pay More in Taxes?
(DBN)

Head of CEO Group: Compromise on Fiscal Cliff
(DBN)

Japan To Overtake China As The Biggest Creditor For The US --- You Have To Laugh At Anyone Who Talks About China Boycotting US Treasuries
(DBN)

Bailout CEOs: Seven Gone, Two to Go
(DBN)

The Most Ridiculous Government Expenses Of The Year
(DBN)

Citi Has Invented A New Measure Of Misery And It's Incredibly Accurate At Predicting The Stock Market
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Consumer Bureau Considers Lawsuit Protection for Lenders in Some Foreclosure Suits
(DBN)

Credit Clips Homebuilder Confidence
(DBN)

Forecast: Real Estate to ‘Grind It Out’
(DBN)

LPS settles with Delaware AG over DocX loan documentation allegations
(DBN)

FHFA: HARP leaps forward with 99,000 refinancings in August
(DBN)

New Jersey moves to fast track vacant foreclosures
(DBN)

Housing misery highest in swing states Florida and Nevada
(DBN)

Stuy Town residents accuse special servicer of thwarting sale
(DBN)

Oklahoma mortgage fraud victims receive first settlement checks
(DBN)

___________

Banking:

Citigroup's Pandit Resigns --- Memo to Staff --- Report: Pandit Stepped Down After Clashes With Citigroup's Board --- Was it Pandit vs. the board? --- Citigroup Turns to Mr. Fix-It --- Corbat to Staff: 'Changes' Coming --- Five Big Questions for Citi in Wake of Exit --- Sheila Bair: Citi Board Should Be Commended For Pandit Change --- Remember The Time Shareholders Rejected Vikram Pandit's Board-Approved Pay Package? --- Here's Why Everyone Is Scratching Their Heads About The Vikram Pandit Resignation --- No Golden Parachute For Pandit --- Gasparino And Cramer Agree: Vikram Pandit Was Fired --- Sheila Bair: The Board Made The Right Decision, Pandit Didn't Know How To Execute --- Citi recovers; Street views Corbat a positive
(DBN)

House Panel Starts Reviewing Fed Documents on LIBOR
(DBN)

Depression Proof Banks
(DBN)

ATM Servicer Charged with Replacing Stolen Bills With Fakes
(DBN)

Deutsche Banker Spoke of Bath-Salt Use Days Before Run-In
(DBN)

______________

Municipalities:

Bankrupt San Bernardino Skips $1 Million Bond Payment
(DBN)

SEC Probes Finances in Bankrupt San Bernardino, Calif.
(DBN)

Jefferson County to Appeal Bar on Bondholder Payment Cut
(DBN)

Study shows $1.2 trillion gap for public pensions
(DBN)

Will Municipal Bankruptcies Unsettle The Bond Market?
(DBN)

Muni debt-backed energy plant in California falters
(DBN)

Chapter 9 vs. Chapter 11: A Summary of Key Differences
(DBN)

Will Municipal Bankruptcies Unsettle the Bond Market?
(DBN)

What It Takes To Live On $30,000 A Year In Washington D.C.
(DBN)

The 15 Most Expensive Zip Codes In America
(DBN)

______________

Aviation:

American Airlines Seeks Extension for Bankruptcy Plan
(DBN)

Survey: Passengers are frustrated with American Airlines, but not enough to make them shift to another carrier
(DBN)

American Airlines urged by union to pursue merger
(DBN)

Once It Emerges From Bankruptcy, Let American Airlines Stay American
(DBN)

Pinnacle Airlines In Bankruptcy Court To Reject Labor Contracts Of Some 2,700 Pilots
(DBN)

Judge to rule on developer Scot Spencer's future at San Bernardino International Airport
(DBN)

Surviving Cattle Class on U.S. Airlines
(DBN)

No Jokes. Airline passenger charged with disorderly conduct
(DBN)

______________

Celebs:

Rich Dad, Poor Dad's bankrupt company
(DBN)

A pro athlete and his money are soon parted
(DBN)

The Cost of Default: Bow Wow
(DBN)

______________

Religion:

Milwaukee Archdiocese still hopes settlement can be reached with abuse victims
(DBN)

______________

Debt Collection:

Debt Collection Law Firm Responds to Horrific Allegations in Lawsuit
(DBN)

______________

Corporate Reform:

Romney, Obama offer differing visions on financial consumer protection
(DBN)

Despite Its Problems, Dodd-Frank Is Better Than the Alternatives
(DBN)

______________

Video Games:

Defunct Big Huge Games goes on the auction block
(DBN)

______________

Health Care:

Docs leave struggling West Penn amid Highmark fallout
(DBN)

West Penn countersues insurer Highmark over broken deal
(DBN)

Analysis: West Penn can't keep $200M
(DBN)

West Penn Allegheny Health System fights order against solicitation
(DBN)

______________

Lehman:

Court: San Mateo County can go after Lehman Bros.
(DBN)

______________

Oil/Gas:

Oklahoma City energy company files for bankruptcy
(DBN)

______________

Telecoms:

Verizon Touted Idearc Team While Memo Cited Incompetence
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Bankruptcy Statistics:

Utah bankruptcy rate falling, but still fourth-highest in US
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bad Faith:

Hotel Whose Chapter 11 Case Was Filed in Bad Faith Can “Stay” in Bankruptcy – Part II
(DBN)

______________

Claims:

Wright v. Owens Corning - debtors remain in the “shadow of Frenville”
(DBN)

______________

Priority Claims:

Ad Hoc Noteholder Committee's Fees Not Entitled To Administrative Priority Pursuant To 11 U.S.C. § 503((b)(3)(D)Even Though Debtors Stipulated To Their Administrative Priority
(DBN)

______________

Bankruptcy Compensation:

KERP or KEIP: Fireworks Continue On Keeping Key Employees At The Helm In Chapter 11
(DBN)

______________

IP:

Trademark Licenses in Bankruptcy: The Seventh Circuit Fires a Shot Across the Bow of Lubrizol
(DBN)

______________

Plan Confirmation:

Shutting Down a Chapter 11 Case Due to Patent Unconfirmability of Plan
(DBN)

Another court chimes in on validity of intercreditor assignment of voting rights
(DBN)

______________

Bankruptcy Rules:

New Bankruptcy Rules Proposed
(DBN)

______________

Insurance:

Thinking About the Limits of Corporate Officials' Defense Cost Advancement Rights
(DBN)

______________

Fraud:

Ponzi scheme, bankruptcy collide in Sacramento courts
(DBN)

Stanford Accountants Face Final Criminal Trial Over Ponzi Scheme
(DBN)

Trial Of Stanford Execs Lopez And Kuhrt Begins
(DBN)

Rajat Gupta Should Walk Free Wednesday
(DBN)

Hollinger to Recoup $6.1 Mil. From Conrad Black
(DBN)

Ex-Banker Girlfriends Doubled Money on Insider Trading
(DBN)

______________

Personal Finance:

Reasons to Check Your Social Security Account
(DBN)

On Social Security and Squeezed by Prices
(DBN)

Custodial Manager Tackles $120,000 Of Credit Card Debt—And Wins
(DBN)

______________

Hotels:

Bankruptcy court denies debtor’s challenges to prepayment premium and application of state interest rate
(DBN)

______________

Financial Literacy:

Financial Literacy Lessons Benefit Students and State
(DBN)

______________

Food/Beverage:

Subject To Bankruptcy Court Approval, AFC Enterprises To Buy 28 Restaurants In Minnesota And Northern
(DBN)

The New 'Best Bar In The World' Is A Hotel Lounge In London
(DBN)

______________

Mass Torts:

Asbestos claimants to participate in fraud case against attorneys
(DBN)

Federal-Mogul Global: A Victory for Bankruptcy Asbestos Trusts
(DBN)

______________

Awards:

Jones Day wins Turnaround of the Year Award for Harry & David transaction
(DBN)

Alvarez & Marsal Receives Two TMA Awards
(DBN)

______________

Retailing:

Target holiday push includes matching online prices
(DBN)

______________

UK:

Third of practitioners expect company collapses to rise in 2013
(DBN)

Latest PwC insolvency statistics show real estate sector still under pressure
(DBN)

UK consumer debt collection market valued at approx £500 million
(DBN)

RBS to exit £100bn state insurance scheme
(DBN)

Starbucks May Face A British Tax Probe For Dodging Taxes
(DBN)

UK Posts A Shock Drop In Unemployment
(DBN)

______________

EU:

Soros: Germany must act to solve 'nightmare' euro crisis
(DBN)

Euro gains as Spain dodges rating downgrade
(DBN)

______________

PIIGS:

S&P says Spanish concessions face first real test of recovery
(DBN)

Report: Greek Bailout Negotiations Have Broken Down --- Greek junior gov't partner rejects labor reforms
(DBN)

ie: Court gives McFeely a week to furnish statement of affairs --- Tom McFeely may face jail over €24000 debt to firm
(DBN)

______________

Canada:

Canada: Home Sales Plunge by 15.1%
(DBN)

______________

France:

French court rejects bids for refinery, jobs at risk --- French Union Calls on Government to Nationalize Refinery
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012