October 18, 2012

The Daily Bankruptcy News

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Law:

Report: Expect More Lateral Hires
(DBN)

Dewey Partners May Share $45 Million Debt to Landlord
(DBN)

Skadden on ASML, Blakes, Squire Sanders: Business of Law
(DBN)

Judge tosses $10 mln malpractice suit against Greenberg Traurig
(DBN)

Covington Appeals Law Firm’s Disqualification in Major Case Against Ex-Client 3M
(DBN)

Ex-Crowell & Moring attorney headed to prison for $10 mln theft
(DBN)

Reelected Firm Leaders Differ in Personality but Share Vision
(DBN)

Stealth Lawyer: Warren Brown, Baker & CakeLove Founder
(DBN)

Law Schools Want NALP To Lie About Bad Job Market
(DBN)

The 20 Biggest Legal Stars On Twitter
(DBN)

NYU responds to attacks that the third year of law school is useless --- NYU Law Revamps 3L Year: This Pig’s Lipstick Has An International Flair --- With Eyes on Jobs, NYU Law Launches New 3L Programs
(DBN)

Why Art Thieves Steal Priceless Art
(DBN)

No Deal Downturn for Skadden, as Firm Lands Roles on Spate of Major Transactions
(DBN)

Will Electric Car Battery Maker's Bankruptcy Be Bad News for Obama?
(DBN)

Barefoot And Pregnant
(DBN)

Dear Prudence: My Husband Is Contemplating Ruining Our Lives By Going To Law School
(DBN)

Lawyers: Confirmed that you're not the only line of work with higher-than-average mental illness
(DBN)

"Thinking Like Your Client: Strategic Planning in Law Firms" - Too much focus on revenue
(DBN)

Law School Transparency: Review of the literature
(DBN)

At The Hofstra Debate, Both Candidates Dodge Student Debt Issue
(DBN)

Attorney Email Etiquette You Can't Afford to Ignore
(DBN)

Lateral Moves in the Partner Market
(DBN)

Squire Sanders to Open an Office in Sydney
(DBN)

Former Partner Agrees to Suspension After NY Firm Accuses Him of Stealing At Least $96K
(DBN)

Auction Site Lets Lawyers Bid on Contingency Cases
(DBN)

Executive to apologize after shoving lawyer's elderly father --- Circus maximus: Exec cries, berates lawyer
(DBN)

Linklaters Associate Dies in Triathlon
(DBN)

Disbarred Lawyer Takes Plea in Attorney ID-Theft Case, Gets a Year in Prison Followed By Probation
(DBN)

Hartford Settles Lawyer’s Suit Involving Treasury Deputy
(DBN)

Police: Couple Had S-- Atop Restaurant Table While Parents, Kids Watched
(DBN)

Woman Locked Out Of Car Called 911, Claimed Infant Was Trapped Inside To Get Quicker Response
(DBN)

Man Accused Of Stuffing JPMorgan Chase ATMs With Fake Bills
(DBN)

Cops Flag Youth Football Coach For Ref Assault
(DBN)

Some Legal Angles on the ‘Zumba Pros’ --- Former mayor, high-powered lawyer, finance director and realtor named as 'clients' in Zumba scandal
(DBN)

Heyzeus Christo
(DBN)

6 of the strangest lawsuits making headlines
(DBN)

Batman: It's not up to the government to save us
(DBN)

Darwin Award Candidate
(DBN)

Florida judge sets June trial date in Trayvon Martin killing
(DBN)

Mug Shots
(DBN)

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Judges:

11th Circuit OKs Sanction for Brief Calling Judge's Findings 'Half Baked' and Wine Peace Offering
(DBN)

Courts Not Exempted From Senator's List Of Wasteful Spending
(DBN)

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Wall Street:

Stock futures signal lower Wall Street open
(DBN)

Global shares rise on US housing data, earnings; euro up
(DBN)

How Wall St. Eats a Third of Your Savings
(DBN)

Goldman Jackpot Hits $11bn on Profits Jump
(DBN)

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Layoffs:

Gallup: US Jobless Rate is Collapsing
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

A123's Failure and the History of Government in the Auto Industry
(DBN)

Mitt Romney's Auto Bailout Stance 'Dishonest, Ridiculous,' Says Auto Union Chief
(DBN)

Romney needs a Chrysler strategy
(DBN)

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Skiing:

Despite filing for bankruptcy , Greek Peak ready for skiers
(DBN)

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Municipalities:

Birmingham loses fight to keep hospital open --- Judge says bankrupt Alabama county can overhaul hospital
(DBN)

California treasurer sees state warning system on local finances
(DBN)

Petek Says Bankruptcies Belie Californians' Willingness to Pay
(DBN)

Strategies to Avoid Chapter 9 Municipal Bankruptcy
(DBN)

Some Paint Township residents call for bankruptcy filing
(DBN)

Stockton Bankruptcy Judge to Speak at the Bond Buyer’s California Public Finance Panel
(DBN)

America's New Most Expensive Zip Code
(DBN)

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Celebs:

Thanks, But No 'Danke Schoen' for Wayne Newton Museum
(DBN)

Battle lines form in bankruptcy case of company that was developing Newton's estate
(DBN)

Hearing set in Arkansas coach's bankruptcy
(DBN)

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Education:

University of Phoenix to Close 115 Sites
(DBN)

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Tax:

Former Swiss banker pleads not guilty to new U.S. tax charges
(DBN)

Ex-Swiss banker may be helping U.S. in tax probe - lawyers
(DBN)

Law Firm Seeks 12.5 Percent Share of Ex-Banker Birkenfeld’s $104M IRS Whistleblower Award
(DBN)

The Single Word That Could Make or Break Obamacare
(DBN)

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Politics:

Brown says Warren used actors in ads
(DBN)

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Economy:

US: Manufacturing Output Fell in Q3
(DBN)

Income inequality may take toll on growth
(DBN)

Consumer Credit Default Rate Plunges
(DBN)

The Biggest Economic Story
(DBN)

Man Arrested In Attempt To Bomb New York Fed HQ
(DBN)

Richest Human of All Time
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Home Starts Jump to Four-Year US High as Demand Firms --- Surge 15% in September -- best level since '08
(DBN)

Housing recovery relies on continued government support
(DBN)

U.S. home construction surges in September --- Why Housing Construction Is Rebounding
(DBN)

Bank of America says housing has ‘begun to turn,’ but mortgages still bring banks headaches
(DBN)

Citigroup's Corbat Gets Housing Rebound Pandit Missed
(DBN)

Foreclosure-Suit Funds Shifted
(DBN)

California Foreclosures at Lowest Level Since 2007
(DBN)

Mortgage applications fall as 30-year, FRM edges up
(DBN)

Judge Approves ResCap Bonuses; Auctions Set for Next Week
(DBN)

Bank of America Parcels Out Billions In Mortgage Relief
(DBN)

CA: Valley home prices up, foreclosure activity down --- California home sales, foreclosures, and the fiscal cliff
(DBN)

Fannie, Freddie pushed to better pursue strategic defaulters
(DBN)

Former Fannie Mae Executive Hails 'Complete Vindication'
(DBN)

New Investment Vehicle Lets Investors Bet On Mortgages With Insane 16x Leverage
(DBN)

____________

Banking:

The Best-Capitalized Bank Of Them All? Bank Of America, Not JPMorgan
(DBN)

RBS suspends senior trader amidst allegations of Libor manipulation
(DBN)

Why the F.D.I.C.'s Approach to Financial Failures Makes Sense
(DBN)

The Pressure Is On at Citigroup --- Bartiromo: Pandit Quit Because of Obama --- Reality: Citi Board Forced Pandit Out --- Citigroup’s CEO Walks Off With A Quarter $Billion – Shareholders Down 89%
(DBN)

Running Citigroup Without Subsidies
(DBN)

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Alternative Energy:

Solar-Converter Maker Satcon Technology Files Bankruptcy
(DBN)

A123 Bankruptcy, Clooney and Hubris
(DBN)

A123's Bankruptcy : Facts, Reax And Predictions
(DBN)

Chinese Company May Still Pursue A123 After Bankruptcy
(DBN)

Selling A123 before the fall
(DBN)

North Bridge Cashed Out of A123 Ahead of Bankruptcy
(DBN)

Solyndra Lenders Ahead of Government Won't Recover Fully
(DBN)

Solyndra presses for bankruptcy plan OK over US objection
(DBN)

Tesla is Not Solyndra
(DBN)

A123 Shows Risks as Battery Science Meets Government Cash
(DBN)

Obama parries Romney on latest green bankruptcy
(DBN)

______________

Aviation:

American Airlines parent loses $238 million --- Would have posted a profit of $110 million excluding reorganization and special charges
(DBN)

AMR CFO: We Have Momentum; Analyst: We Still Expect a Merger
(DBN)

AMR Inc. CEO Tom Horton in letter to employees notes American Airlines’ progress in bankruptcy restructuring
(DBN)

10-Q filing by American Airlines’ parent AMR Corp. provides details on severance costs and changes to retiree benefits
(DBN)

Employment in the U.S. airline industry, including Southwest Airlines, rose in August; down at American Airlines
(DBN)

American Airlines and its pilots’ union continue contract talks this week
(DBN)

Wanted: Flight attendants to work for less pay
(DBN)

Hamptons, Nantucket Carrier Files For Bankruptcy
(DBN)

______________

Fraud:

Banks Beware: Aiding and Abetting Claims in Ponzi Cases Are Still Alive and Well
(DBN)

Bernie Madoff's golf memberships helped him run his Ponzi scheme
(DBN)

Ripples From Stanford Ponzi Scheme
(DBN)

Rajat Gupta Deserves Probation, Trip to Rwanda, Lawyer Says --- Letters Urge Judge Rakoff to Punish Gupta --- U.S. seeks up to 10-year prison sentence in Gupta insider case --- Does Judge Rakoff perceive sentencing recommendations as helpful or irritating?
(DBN)

Five Bidders Offered Up to $625MM for Reserve, Pre-Lehman
(DBN)

Legal fees nearing $9M in Fair Finance bankruptcy
(DBN)

______________

Retailing:

Pitfalls of Holiday Price-Match
(DBN)

The new normal: disciplined shoppers
(DBN)

Strip mall seeks bankruptcy protection
(DBN)

______________

Jewelry:

Hofmeister Jewelers emerges from bankruptcy with a new approach
(DBN)

______________

Corporate Governance:

There's little or no evidence that the modern criteria for good corporate governance actually lead to better-governed corporations.
(DBN)

Bankruptcy court refuses to pierce the veil of Tennessee LLC
(DBN)

Defining the General Counsel's Role in CEO Succession Planning
(DBN)

Effects of Dodd-Frank 'Say-on-Pay' Two Years Later
(DBN)

Chancery Applies DGCL Section 144 to LLCs by Analogy
(DBN)

______________

Parking:

Mayor Bloomberg Is “Trying To Help” Nearly Bankrupt Yankee Stadium Parking Company
(DBN)

______________

Hedge Funds:

FBI steps up Fletcher's follies probe
(DBN)

_____________

Finance:

We've Seen This Movie Before - The Return of Covenant Lite and PIK-Toggle Debt
(DBN)

______________

Mail:

Post Office Barred from Borrowing More Money
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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)

______________

Miscellaneous:

Bill on Bankruptcy: Vitro, Hostess, Vertis and Musings on the Credit Markets
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Commission: bankruptcy reform could mean 'starting from scratch'
(DBN)

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Jurisdiction:

Don’t Break the Cycle – Stern Causes Court to Withdraw Reference, Refer to Magistrate Judge for Report and Recommendation
(DBN)

______________

Venue:

Union: Why Is Patriot Coal Bankruptcy Case in New York?
(DBN)

______________

Recharacterization:

‘Intent’ inferred, summary judgment granted in debt recharacterization case
(DBN)

______________

Interest:

Reasonableness of pre-petition default rate under section 506(a)not subject to equitable analysis
(DBN)

______________

Cross-Border:

Mexican Government Sides With Vitro in U.S. Appeal
(DBN)

______________

Distressed Investing:

WL Ross Completes Acquisition of Majority Stake in Navigator
(DBN)

_____________

Corporate Reform:

SEC taps financial crisis veteran to lead New York office
(DBN)

SEC Proposes Rules for Derivatives
(DBN)

______________

Personal Bankruptcy:

NACBA Files Amicus to Protect Social Security Benefits
(DBN)

______________

Health Care:

In Countersuit, West Penn Says Highmark is Holding it "Hostage" --- WPAHS countersues Highmark
(DBN)

Some Sunwest investors to get money back
(DBN)

______________

Food/Beverage:

Back Yard Burgers Seeks Bankruptcy Protection in Delaware
(DBN)

______________

Insurance:

Austria Bans Insurers Selling Credit-Default Swap Protection
(DBN)

______________

Glass:

Vulture funds vs Mexico: It's on in $1 billion 5th Circuit appeal
(DBN)

Vitro Falls Most in Three Years to Erase Earlier Gains
(DBN)

Mexican Officials File Amicus Curiae in Vitro Appeal
(DBN)

______________

Religion:

Lawsuit claims evangelical church hid abuse claims
(DBN)

______________

Personal Finance:

NY brothers wait 6 years to claim $5 million lottery
(DBN)

______________

Sovereigns:

Bern will not help Argentina's creditors grab $1bn
(DBN)

______________

UK

Bank of England: End of the World Scenario Could be Ahead
(DBN)

There is little cheer for struggling pubs, say insolvency experts
(DBN)

Barring Bucksom Beauties: Leading Distributor in England Bars Sale Of Hunting and Shooting Magazines To Children
(DBN)

Why did banker with perfect life take a fatal leap? Fourth tragedy at the same City restaurant
(DBN)

Rolls-Royce reveals it has been forced to lend to its own suppliers to keep them afloat
(DBN)

Oldco Rangers nearing liquidation after administration ends
(DBN)

______________

EU:

EU seeks way to involve non-euro states in banking union
(DBN)

Germany Rejects Euro-Area Pooled Debt on Eve of EU Summit
(DBN)

Europe banking supervisor plan 'illegal'
(DBN)

______________

PIIGS:

Greece closes in on deal to avoid bankruptcy --- Greek Creditors See Agreement in 'Coming Days' on New Measures --- Brothels rescue cash-strapped Greek soccer team --- Greece Has Turned Into A Terrifying Place For Immigrants, And Police Are Reportedly In On It --- Austerity-weary Greeks stage new general strike --- Agricole ends final act of Emporiki tragedy
(DBN)

IMF Urges Aid for Italy, Spain --- Spain debt costs ease on Moody's, aid hopes
(DBN)

Italy's Car Sales Fall 25.7% in September
(DBN)

______________

France:

French Government Moves To Ban Homework To Achieve Social Equality
(DBN)

______________

Israel:

Three VPs to leave in Partner restructuring --- Bondholders could stop Saban buying Partner
(DBN)

______________

Sweden:

Bank Meltdown: How Sweden Saved Itself
(DBN)

______________

China:

China's GDP grows at slowest rate for three years
(DBN)

China's Growth Slows, But The Worst May Be Over
(DBN)

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Copyright 2012