October 26, 2012

The Daily Bankruptcy News

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Law:

The Shift Toward Law School Specialization
(DBN)

A Fake Scalia with No Law License Is Ordered to Pay $261K and Close His Bankruptcy Practice --- Judge shutters phony law firm run by attorney-poser
(DBN)

Simpson Thacher, Alston, Reed Smith: Business of Law
(DBN)

The Exonerated: A Lawyer Takes the Stand in His Own Defense — and Prevails
(DBN)

Suicide Pricing: Symptom of escalating crisis in BigLaw
(DBN)

Artificial Deadlines
(DBN)

Pitching new clients? Bring along the associates
(DBN)

U.K.'s Women Equity Partner Rate Is Abysmal (Worse than in the U.S.)
(DBN)

'Virtual In-House Law Firm'
(DBN)

What do the folks in the C-suites typically complain about to their inside counsel?
(DBN)

Winstead, Looper Reed & McGraw raise first-year associate salaries
(DBN)

Eversheds launches campaign against stationery abuse
(DBN)

Bank embarrasses top law firms by naming panel losers
(DBN)

Firms forced to bid for Asia work in front of rivals amid costs squeeze
(DBN)

Bail for Lawyer Charged with Assaulting Massage Therapists Lowered to $1M
(DBN)

Consumer Agency Includes Lawyers in New Debt-Collection Regulation
(DBN)

A Possibly Big Payday Awaits Two Law Firms Suing on Behalf of US Regulator
(DBN)

Heads of BigLaw: Are they driving their own cars?
(DBN)

Law School Launches Program to House New Solo Lawyers
(DBN)

Big guns gathering to discuss the future of law schools
(DBN)

Who Knew Law Students Were Scamming the Government All Along?
(DBN)

Law School Student Loans: Is that bad debt or good debt?
(DBN)

Law Firm Associates and P----------: A Comparative Analysis
(DBN)

Don’t Take The Pizza If You’re Not Staying For The Boring Event
(DBN)

Law Student of the Day: A Good Samaritan Hero
(DBN)

Law Dean Can Take Suit for Racial Bias to Trial
(DBN)

Confused outcome for conservative who accused Iowa Law of discrimination
(DBN)

Mistrial Declared in Conservative Hiring Bias Suit Against University of Iowa Law School
(DBN)

Law School Dropouts and Rejects Include Famous Dancer, US Presidents and Supreme Court Justice
(DBN)

Law School Transparency: The state of the discourse
(DBN)

The Absolute Worst City To Live In If You're A Young Attorney
(DBN)

Taking Page From Law Firm Clients, Vendors Sue for Unpaid Bills
(DBN)

10 Law-Inspired Haiku, Contest Winners Announced
(DBN)

Mark Lanier’s 20th annual holiday party: Who will take the stage?
(DBN)

iPad Mini: Yes, No, Maybe?
(DBN)

Critical online reviews can carry legal risks
(DBN)

Law firm unveils logo: it's a mouse staring at a lion's b----
(DBN)

Lady Follows Man Who Was Scratching Himself, And Calls Cop
(DBN)

Chicago-Area Investment Manager/Lawyer Is Incorrigible Maggot, Says His Grandfather
(DBN)

DOJ Suit Claims Miss. Town Runs ‘School-to-Prison Pipeline,’ Says Flatulence Can Net Jail Time
(DBN)

Man Caught On Tape Robbing Unconscious Man And Then Leaving Him on Track To Be Run Over By Train
(DBN)

Court Says Berating TSA Officers During A Pat-Down Is Disorderly Conduct, Not Free Speech
(DBN)

Short-changed robber returns to bank to demand more money
(DBN)

Ninety Year Old California Man Sued By An Addict Who Shot Him In His Home
(DBN)

Saudi Arabia set to allow female lawyers to appear in court
(DBN)

North Korea Executes Ranking Army Minister By Mortar Shell
(DBN)

NYPD Cop Charged With Plotting To Kidnap And Cook 100 Women
(DBN)

Say What?!
(DBN)

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Judges:

Federal Judiciary Faces ‘Fiscal Cliff’ if Budget Act Is Not Adjusted, Says Editorial
(DBN)

Former US Atty Gave Whitey Bulger Immunity to Commit Crime, Says Defense Motion to Remove Judge
(DBN)

Ethics Complaint Accuses Philly Judge of Misrepresentations on Candidate Questionnaires
(DBN)

The latest high court mystery: Why has Alito recused in recent cases?
(DBN)

Kennedy draws laughs with talk of opera and beer
(DBN)

Fox TV Can't Escape $28 Million Defamation Lawsuit Brought by Judge
(DBN)

Scalia warns against 'living' Constitution
(DBN)

Commission Sanctions Judge Who Sent Shirtless Photo To Bailiff
(DBN)

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Wall Street:

Stock index futures point to lower start
(DBN)

Stocks Close Modestly Higher But Well Off Best Levels
(DBN)

Taking Early Exits Off Wall Street
(DBN)

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Layoffs:

Data Point to Calif. as Jobless Claims Culprit
(DBN)

Colgate to cut 6 pct. of workforce
(DBN)

Mass Layoffs Have Spiked In The Last Two Months
(DBN)

AMD can't fire workers fast enough amid cash crisis
(DBN)

Travel Agents Could Go The Way Of The Dodo By 2016
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Festivals:

27-year old Monterey Bay Blues Festival files for bankruptcy
(DBN)

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Coal:

Peabody: Patriot was viable at spin-off
(DBN)

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Economy:

Orders for U.S. Capital Goods Stagnate in Sign of Spending Slump
(DBN)

Initial jobless claims, still volatile, dropped 23,000 last week
(DBN)

Here's The Hot Recession Warning Chart That Everyone Is Passing Around
(DBN)

More Than 80 Major CEOs Signed A Letter Telling Washington To Fix The Debt --- The Dirty Secret of Debt-Hating CEOs: They Need Big Deficits to Live
(DBN)

2013: Americans Face Rising Prices, Taxes
(DBN)

Business confidence flat-lining
(DBN)

New Gallup Poll Represents A Watershed Moment In How People Feel About Their Own Finances
(DBN)

The Wealthiest Person In Each State
(DBN)

The 25 Coolest New Businesses In Chicago
(DBN)

Boomer Women Struggle in Recession's Wake
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Pending home sales rise modestly in September
(DBN)

Why Housing Report Spooked Investors So Much
(DBN)

Mortgage applications down 12%, rates edge up
(DBN)

Hmmmm....
(DBN)

SIGTARP: Hardest Hit Fund helping more homeowners
(DBN)

Great Recession creates 4.8 million renters
(DBN)

Buffett wins ResCap auction --- Waterloo worries new ResCap owner will move jobs overseas
(DBN)

Walter put $540 million toward Ocwen bid for ResCap
(DBN)

Freddie Mac: New short-sale guidelines are win-win for everyone
(DBN)

Freddie Mac Preferred Punishing Banks To Helping Homeowners
(DBN)

Tallying the Costs of Bank of America's Countrywide Nightmare
(DBN)

The Surprises in the $1 Billion Bank Suit --- Bank of America Faces Claim of 'Brazen' Mortgage Fraud --- BofA employees could face charges in US fraud case - prosecutor
(DBN)

8 US Cities Where Home Prices Are Expected To Fall
(DBN)

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Autos:

A tale of two bankruptcies
(DBN)

Ford to shut more plants in Europe
(DBN)

Why the GM Rescue Should Matter in Ohio—and Everywhere Else
(DBN)

Auto Bailouts Not Helping Obama in Michigan?
(DBN)

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Aviation:

AMR faces examiner request
(DBN)

United's Q3 misses expectations --- United Chief Confident Of Reviving Profits
(DBN)

Trustee: Hawker Beechcraft Attorney Fees Excessive
(DBN)

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Politics:

John McCain Threw A Wrench In The Republican's Attempts To Bury Mourdock's Comments
(DBN)

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Municipalities:

CalPERS challenges San Bernardino's bankruptcy effort --- Read CalPERS' objection to San Bernardino's bankruptcy
(DBN)

Council Braces for Act 47 Recovery Plan Filing
(DBN)

Moody's: More US City, Town Ratings Headed for Junkville
(DBN)

Keep the oversight: Pittsburgh still needs the help of the Act 47 team --- Act 47 worked; let it go
(DBN)

Panels address municipal pension crisis, reform
(DBN)

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Lehman:

Lehman Brokerage Clients 'On Brink' of 100% Payback
(DBN)

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Brokers:

CME to bring payouts to Peregrine customers
(DBN)

Corzine looks to be getting off easy
(DBN)

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Retailing:

Lessons From the Death of Circuit City
(DBN)

Best Buy Says Third-Quarter Profit Will Fall 'Significantly'
(DBN)

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Consumer Finance:

Big Banks Offer Payday Loans
(DBN)

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Debt Collection:

Some Debt Collection Markets are Escaping CFPB Supervision
(DBN)

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Fraud:

Rajaratnam Appeal Judges Voice Concern Over U.S. Wiretaps
(DBN)

French prosecutor wants to question Madoff, UBS - source
(DBN)

Rajat Gupta, 63: Anatomy of a (roaring)comeback
(DBN)

5th Circuit rules on whether Republican, Democrat groups can keep political contributions from R. Allen Stanford and his companies
(DBN)

Busted: Michael R Mastro had been hiding out in the French Alps --- Couple will fight extradition, lawyer says
(DBN)

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Health Care:

Highmark CEO: West Penn Bankruptcy Was Strategy to Boost Odds of Regulatory Approval --- Fitch cuts West Penn Allegheny four notches to CCC --- Highmark: We never killed WPAHS deal --- Highmark offered West Penn Allegheny an extra $125M to file for bankruptcy, CEO says in court
(DBN)

South Franklin Circle files pre-packaged bankruptcy
(DBN)

US judge to decide fate of West Penn investor talks
(DBN)

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Student Debt:

Half Of All Private Student Loan Complaints Target One Lender
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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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Miscellaneous:

The Bankruptcy Files: ResCap Asset Sale Headlines Busy Bankruptcy Month
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Cross-Border:

Winding in the Golden Thread: The English Supreme Court rules that no special treatment applies to recognition of judgments in foreign bankruptcy proceedings
(DBN)

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Insurance:

District Court: Insured vs. Insured Exclusion Does Not Preclude Coverage for FDIC's Claims Against Failed Bank's Directors and Officers
(DBN)

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Litigation:

Less Production Can Be More in Database Discovery
(DBN)

Del. Chancery Court Blocks Business-Strategy Immunity in Discovery
(DBN)

Firm Represented by ‘Of Counsel’ Colleagues Can’t Get Fees Under Prevailing Party Clause
(DBN)

Delaware Judge Strine: 'I'm Not Going To Give Big Fees For Junk'
(DBN)

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Weather:

Mayor Bloomberg Tells NYC Residents: 'Be Prepared To Evacuate' --- Frankenstorm Could Be The Worst Northeast Storm In 100 Years
(DBN)

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Alternative Energy:

After A123 , Battery Makers Take Stock
(DBN)

Battery or Business Model? Experts Weigh In On A123 Failure
(DBN)

Weld County details investigation of Loveland-based Abound Solar
(DBN)

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Directories:

Dex One considering bankruptcy to save merger
(DBN)

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Hollywood:

Legendary Pictures Sues John Textor Over $3 Million Debt
(DBN)

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Banking:

Nine More Banks Added to Libor Probe --- RBC, SocGen Said to Be Among Banks Subpoenaed in Probe
(DBN)

Stunning NYT Report Explains How Vikram Pandit Was Really Fired From Citi --- Citi Chairman Is Said to Have Planned Chief’s Exit Over Months
(DBN)

Bonus Watch ’12: Whole Bunch Of Financial Services Employees Will Get Nothing, May Or May Not Like It
(DBN)

Mike Corbat’s Got Two Choices For Citigroup Employees
(DBN)

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Celebs:

'Real Housewives' Jacqueline Laurita Sued for Wild Spending Habits Reminiscent of Teresa Giudice's
(DBN)

9th Circuit upholds award for ex-NBA player Horace Grant
(DBN)

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Telecoms:

Verizon Told of Risks Before Idearc Spinoff, Lawyer Says
(DBN)

Judge approves TerreStar restructuring plan
(DBN)

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Finance:

Sovereign wealth funds, pension funds turn bankers
(DBN)

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Food/Beverage:

Why Popeyes is Buying Up Bankrupt KFC Restaurants
(DBN)

Adams Produce to pay $8 million in PACA claims
(DBN)

Coffee kiosk developers ordered to pay judgment
(DBN)

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Bankruptcy Crimes:

Mastros indicted on 43 counts of bankruptcy fraud --- Accused of Stashing Assets in Belize Off-Shore Trust

(DBN)

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Private Equity:

No bombshells in Romney Staples testimony: court papers --- Romney Said Share Class Was Favor to Staples Founder
(DBN)

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Sovereigns:

Cleary Scores Again for Argentina over Bondholder Claims
(DBN)

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UK:

Judgment Proof: The English Supreme Court Pushes Back On U.S. Bankruptcy Court Jurisdiction
(DBN)

NAMA seeks insolvency practitioners
(DBN)

Hamilton promoted to insolvency partner at Haslers
(DBN)

______________

PIIGS:

IMF: Bailed-out Portugal needs extra debt effort
(DBN)

Greece climbs 11 spots in global chart --- Eurozone seeks to give Greece more time to cut, find more money --- Major weekend coming up in Greece
(DBN)

______________

Japan:

Japan Has Its Own Fiscal Cliff, Risk Of Imminent Technical Default
(DBN)

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Australia:

Lender collapses, leaving investors at risk
(DBN)

Freshfields eyes Australia launch as rush Down Under continues
(DBN)

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Off-Shore:

Enforcing orders made in foreign insolvency proceedings
(DBN)

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Copyright 2012