October 2, 2012

The Daily Bankruptcy News

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Law:

Attention bankruptcy lawyers: Creditors want to cut your fees
(DBN)

Dewey Docket: Art Imitates Life in 'The Good Wife' --- A law firm executive could get this massive bonus while his employer is bankrupt
(DBN)

Bryan Cave names bankruptcy lawyer as managing partner for Kansas City office
(DBN)

Baker, DLA Are Highest Grossing Firms; Wachtell Has Top PPP at $4.46M --- All Hail the Global 100, the Highest-Grossing Law Firms in the World
(DBN)

Who's More Stressed? Partners or Associates?
(DBN)

Vacation Memo: Paternity Leave
(DBN)

Being Responsive
(DBN)

Why Clients Fire Firms
(DBN)

Client Control, Before It’s Out Of Control
(DBN)

How a good website can help make it rain
(DBN)

Ex-Glaxo VP on ‘The Criminalization of the Practice of Law’
(DBN)

Is D.C. Leading the Law Firm Recovery?
(DBN)

Carlton Fields Acquires New York Boutique to Give Fourth Quarter Law Firm Merger Merry-Go-Round a Push
(DBN)

Firm Sends Thousands of Letters to Find Attorneys for Satellites
(DBN)

These 10 Law Schools Have The Most Indebted Graduates
(DBN)

Law School Transparency: McJobs
(DBN)

While Other Law Schools Are Shrinking in Size, This One Hopes to Offer Bigger Classes (Not to Mention Bigger Tuition Bills)
(DBN)

Top Law School Dean Denies He's Trying To 'Massage' Employment Statistics
(DBN)

Should This Graduate Of A Top Law School Solicit Donations To Pay Off His Student Loan Debt?
(DBN)

Elizabeth Warren Law License Poll
(DBN)

When 'Expert Advice' Can Lead to Legal Trouble
(DBN)

'The Good Wife' Takes On Imploding Law Firms
(DBN)

Business Development for Introverted Lawyers
(DBN)

Law Firms Mine San Francisco for Internet Start-Up Gold
(DBN)

Things That Exist, Vol. 7: Secondhand Lawyer Suits and Ties
(DBN)

12 Apps That Will Make Your iPhone Feel Brand New --- The Best Smartphones On The Market [Ranked] --- Another Huge Problem with the iPhone 5
(DBN)

Is the PC Dead?
(DBN)

Server Upgrades Bring Law Firms Unintended Benefits
(DBN)

Lawyer Disciplined for Using Personal Laptop at Work to Earn Extra Bucks from JustAnswer.com
(DBN)

Homeowners Who Spent $220K in Legal Fees to Fight $2K HOA Lawn Bill Win Court Case After 11 Years
(DBN)

Art Mystery: Who Owns the Tiny Renoir Purchased for $7 at Flea Market?
(DBN)

The Supreme Court Could Strike Down Laws Said To Discriminate Against White People
(DBN)

Florida justices hearing immigrant lawyer case
(DBN)

Video: Officer Sucker Punches Woman At Heritage Parade
(DBN)

Taxi Driver Finds $10,000 Cash and Passport Left By Saudi In Car, Tracks Down Owner, Waits for his Arrival . . . And Is Given $3 Tip
(DBN)

Say What?!
(DBN)

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Judges:

There could be a new conservative who dominates the Supreme Court
(DBN)

Lucky 36: What It Takes to Land a Supreme Court Clerkship
(DBN)

The New Supreme Court Term Opens With A Splash
(DBN)

Supreme Court: Five Cases to Watch This Term
(DBN)

The Supreme Court opens – ready for its close-up
(DBN)

The long lost photos of the Supreme Court at work - and what they reveal
(DBN)

Aging Supreme Court justices may open seats for next president
(DBN)

5th U.S. Circuit Court of Appeals gets first black chief judge
(DBN)

The Life Experience of a Judge
(DBN)

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Wall Street:

Stock futures find solace in data, central banks
(DBN)

Stocks Close Mixed After Seeing Early Strength
(DBN)

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Layoffs:

Macy's says it is hiring 80,000 seasonal workers for the holidays
(DBN)

Jobs Outlook Weak as Companies Reporting Cost Cuts
(DBN)

Arizona near top for decline in unemployment rate --- Illinois among states with big unemployment reductions --- Texas unemployment fell 1 percentage point in a year --- Florida No. 2 for unemployment reduction --- CA jobless rate drop among best in nation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

We Know Why You Won't Fly American
(DBN)

Kingfisher Airlines in crisis again, goes off air till Oct 4
(DBN)

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Sports:

Indoor sports facility bankrupt , shut down
(DBN)

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Storage:

'Robotic' Storage Facility for the Rich Files for Chapter 11
(DBN)

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Food/Beverage:

Hostess Operating Loss Narrows to $7.2 Million in August
(DBN)

Hostess CEO: Union Strike Could Threaten 18,500 Jobs
(DBN)

Ordering Tricks At Restaurants
(DBN)

Kentucky restaurant closes after roadkill found in kitchen
(DBN)

5 food trends that restaurants are going crazy for
(DBN)

______________

Telecoms:

FiberTower scraps restructuring, puts assets on auction block
(DBN)

______________

Gas Stations:

Some Conoco/Phillips 66 stations remain closed as owner tries to avoid bankruptcy
(DBN)

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Retailing:

CEO: Bankrupt Vann's has potential buyer --- Potential Bozeman buyer could bail out Vann's
(DBN)

Holiday sales seen rising 4.1 percent in 2012
(DBN)

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Private Equity:

I am a job creator
(DBN)

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Mail:

Postal Service misses another $5 billion payment, blames Congress
(DBN)

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Economy:

Manufacturing grew in September after three-month contraction --- US Manufacturing Weakens in September
(DBN)

Bernanke Pushes Back: Fed Not Enabling Big Deficits
(DBN)

Bank Profits Soar After Latest Round of Fed Easing
(DBN)

Report: Americans would pay $536 billion more in taxes if Congress doesn’t act on fiscal cliff - 90% of Americans --- End of payroll, Bush tax cuts top "fiscal cliff" fears --- OMB: We'll Reimburse Employers for WARN Act Fallout --- Lockheed will not issue layoff notices
(DBN)

Bernanke Says Fed to Keep Rates Low Even as Growth Rises
(DBN)

Ben Bernanke Said Something About Milton Friedman That Has People On Wall Street 'Howling'
(DBN)

NACM: Key Areas Showing Improvement
(DBN)

Obamanomics, a study in massively underestimating the severity of the downturn
(DBN - NY Times - Paywall Limit Possible)

The Top States for Startups
(DBN)

How Families Spend in Brazil, Russia, China, India, Egypt, Turkey, Indonesia, and Saudi Arabia
(DBN)

'I'm Working Really Hard, but I'm Not Getting Ahead': The New Middle Class Trap
(DBN)

Book: Who Stole the American Dream?
(DBN)

Mitt Romney's 14 percent tax bite: your guide to deciphering what's 'fair'
(DBN)

42 companies that will thrive in any economy
(DBN)

The Rise of Women?
(DBN)

US Married Households Under 50%
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US Construction Spending Dips 0.6%
(DBN)

Distressed Litigation Has Fallen Off The Cliff- For a Moment
(DBN)

Bank of America to extinguish up to 150,000 second liens
(DBN)

JPMorgan Unit Is Sued Over Mortgage Securities Pools --- Targeted by US task force for role in financial mess --- Schneiderman Sues JP Morgan Chase
(DBN)

How Joseph Stiglitz Misread the Risks at Fannie Mae
(DBN)

What Mortgage Settlement Lacks in Substance, It Makes Up in Execution
(DBN)

Subprime mortgages rise from the grave
(DBN)

Obama’s second-term housing design
(DBN)

Fitch Downgrades Various Distressed US RMBS Bonds to 'Dsf'
(DBN)

Ex-IndyMac CEO Michael Perry Settles With SEC for $80,000
(DBN)

UBS is denied request to suspend $6.4 bln federal lawsuit
(DBN)

Manhattan Apartment Inventory Slides to Seven-Year Low
(DBN)

____________

Fraud:

There Are Some Sick Items In Allen Stanford's St. Croix Estate Up For Auction
(DBN)

Ex-Madoff Workers Face More Charges in Fraud Indictment --- The Madoff 5 - But why no son?
(DBN)

AmEx to refund $85 million to customers
(DBN)

Fraud by Rogue Traders Is Absurdly Easy to Stamp Out
(DBN)

Supreme Court rejects kosher meat plant manager's appeal
(DBN)

Three Charged in What U.S. Calls $100 Million Schemes --- Feds Say Suspect in $100M Scam Is Fugitive Harvard Law Grad Charged in 1984 Client Funds Theft
(DBN)

Former SAC Capital Manager Tells FBI: Fund Used Inside Information
(DBN)

_____________

Celebs:

Pro Athletes Go 'Broke' in New ESPN Documentary
(DBN)

Judge Shoots Down Scottie Pippen
(DBN)

Bank Forecloses On Rapper Eazy-E's Mansion
(DBN)

Report: Vick spent $29M in 4 years
(DBN)

______________

Paper:

NewPage reaches deal to emerge from bankruptcy
(DBN)

______________

Health Care:

Bankruptcy Court Calls for Investigation of Christ Hospital Sale
(DBN)

Did Highmark's Firing of CEO Dr. Ken Melani Prompt Problems With West Penn? --- West Penn Allegheny, Highmark deal unraveled gradually --- Highmark suit aims to prevent new ally at WPAHS
(DBN)

Medicare Trustees See Rapidly Approaching Insolvency
(DBN)

______________

Awards:

Weil Among Turnaround Management Association 2012 Award Winners
(DBN)

______________

Photography:

Report shows Kodak's cash declined, revenues rose in August
(DBN)

______________

Aviation:

Who said all publicity is good? Not American Airlines
(DBN)

American Airlines Asks Appeals Court to Block Union Vote
(DBN)

American Plane’s Loose Seats Spur Inquiry by Airline, FAA
(DBN)

American Airlines Management Can Get a Huge Payday If It Avoids Merging With US Airways
(DBN)

Kingfisher grounds flights, government warns about safety --- Kingfisher grounded: Will try to clear salaries within 'next few days'
(DBN)

India Billionaire Watching His Kingfisher Airlines Disappear
(DBN)

Spirit Airlines to boost fee for carry-on bags to a maximum of $100
(DBN)

______________

Baseball:

Yankee Stadium Parking Running Out of Cash for Bond Investors
(DBN)

______________

Paper:

NewPage Settles With Creditors Over Bankruptcy Plan
(DBN)

______________

Pensions:

NFL referees join crowd in losing pensions
(DBN)

______________

Utilities:

City ponders next move in power mess
(DBN)

______________

Mass Torts:

Boy Scouts Research Files to Report Pedophiles
(DBN)

______________

Politics:

First Brown and Warren debate was personality vs. issues --- It’s time to unravel candidates’ claims --- Scott Brown shoots himself in the foot during debate with Elizabeth Warren --- Scott Brown Slams Elizabeth Warren In A Testy Debate Exchange: 'I'm Not A Student In Your Classroom'
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

Rochelle on Southern Air, Metro Fuel, Carey Limousine: Audio
(DBN)

______________

Bankruptcy Statistics:

San Antonio: September bankruptcy filings tumble
(DBN)

OC bankruptcies decline in August
(DBN)

Toledo bankruptcies tumble 29%
(DBN)

Bankruptcies drop 29% in NW Ohio
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Compensation:

Trouble in Paradise: Professional Fee Cap in DIP Carve-Out Held Enforceable in Caribbean Luxury Resort Case, Much to Professionals’ Distress
(DBN)

______________

Automatic Stay:

Bankruptcy Stay Trumps Collection Contempt in State Court
(DBN)

______________

Stigma:

The Price of Bankruptcy
(DBN)

______________

IP:

Rejection of Perpetual, Royalty-Free, Exclusive Trademark License Permitted by Eighth Circuit Ruling: Lewis Brothers Bakeries Inc. v. Interstate Brands Corp.
(DBN)

______________

Municipalities:

Tough year for bankrupt Jefferson County, but slimmed down budget is balanced
(DBN)

Tony Petelos: We're working hard to turn Jefferson County's ship around
(DBN)

Reno: The Biggest Little Debt-Ridden City in America
(DBN)

Cuts, outsourcing, on the table for San Bernardino City Council
(DBN)

Office of Vallejo Mayor Torched
(DBN)

CA: Who's leaving the state, and why
(DBN)

PA Set To Re-Examine Program For Distressed Municipalities
(DBN)

Muni Suits Pose New Legal Threat to Banks
(DBN)

______________

Alternative Energy:

Fisker CEO Still Aiming to Make Plug-in Cars in Delaware
(DBN)

______________

Personal Finance:

New Yorker Confesses She Hasn't Done Laundry In Three Years
(DBN)

The Best And Worst Things To Buy In October
(DBN)

______________

Corporate Reform:

Consumers paying 1.5 percent more as Durbin anniversary approaches
(DBN)

______________

Bankruptcy Crimes:

Pierces’ trial starts Tuesday in U.S. court
(DBN)

______________

Student Debt:

Meet the High Priest of Runaway College Inflation
(DBN)

Student Loan Default Rates Are Getting Real Ugly
(DBN)

______________

Autos:

Delphi debacle spoils Obama bailout boast
(DBN)

Sperlich: Romney was right on Detroit bankruptcy
(DBN)

______________

Energy:

US power firm Dynegy emerges from Chapter 11
(DBN)

______________

Coal:

Patriot Coal pollution deadlines may cost USD 29 million
(DBN)

______________

UK:

Conflict of laws - no recognition of foreign insolvency discharge
(DBN)

Pre-pack administration rescues SNG Commercial Law
(DBN)

More than 2,000 jobs go as JJB Sports enters administration
(DBN)

Rangers tax debt revealed
(DBN)

U.K. Financial Services Authority Charges Four in High-Stakes Insider Trading Probe
(DBN)

UK: Financial Services Sector Cutting Jobs
(DBN)

______________

EU:

New Yorkers Are Buying Up Discount Homes In Europe
(DBN)

______________

PIIGS:

Greece, Troika Differ Over Cutbacks --- Greece says troika wants more detail on austerity cuts --- Greece also said its economy will shrink for a sixth year in 2013 --- Record jobless rate for youth
(DBN)

In Spain, the Price Isn't Right --- Spanish Bailout: When to Expect Last Missing Piece --- Spain ready for bailout, Germany signals “wait” --- Spanish jobless total rises as bailout uncertainty drags on
(DBN)

______________

Australia:

Re-calculating debts for the purpose of creditor's voting powers
(DBN)

RBA Cuts Rate to 3.25% as Boom Weakens
(DBN)

______________

Kazakhstan:

Kazakh BTA bank's defaulted bond soars on deal hopes
(DBN)

______________

Cyprus:

Ruling party in Cyprus rejects troika?s bailout demands
(DBN)

______________

MENA:

Sovereign immunity, judgement creditors fund themselves between Iraq and a hard place
(DBN)

Israel: Iran Economy on Verge of Collapse
(DBN)

______________

Brazil:

Party's Over: How Did Brazil's Economy Get So Bad So Fast?
(DBN)

______________

China:

9 US Cities Selling the Most Goods to China
(DBN)

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Copyright 2012