October 29, 2012

The Daily Bankruptcy News

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Law:

BigLaw's Banker: I've Got a "Robust" List of Firms That May Fail
(DBN)

Growth is Dead: Part 8
(DBN)

Now Even Clients are Trying to Cut Law Firm Expenses
(DBN)

Law Grad’s Hip Hop Video About Securing Job At Top Firm
(DBN)

Nice Payday for 'Toxic' Work
(DBN)

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

Learning to Do More With Less, Law Firms Take Upper Hand in Lease Negotiations
(DBN)

For the First Time in Four Years, the Number of New Associates Increases at BigTex Firms
(DBN)

The Lawyer European Awards 2012: the winners
(DBN)

Females make up less than 10 per cent of top 100's equity partner ranks
(DBN)

UK: Female partners: five-year trend reveals boost in numbers
(DBN)

Does Size Matter? Globalization of the Legal Profession
(DBN)

Blank Rome Adds to Financial Services Group Practice
(DBN)

Big Election 2012 Donations from Top General Counsel --- Election 2012: A Special Report
(DBN)

What In-House Counsel Do (and Don't)Want from Outside Counsel
(DBN)

Common Mistakes Law Firms Make When Pitching to In-House Counsel
(DBN)

The 20 Best Cities For Young Attorneys?
(DBN)

How to Supervise a Secretary or Assistant
(DBN)

Paul Hastings sued by laid-off secretaries
(DBN)

Lawyerly Lairs: A Tale of Two Apartments
(DBN)

Law School Responds to Allegations It Falsified Jobs Stats
(DBN)

Law School Transparency: Five facts
(DBN)

Hey, Dude, Don't Blame My Law School! - The Careerist
(DBN)

Financial Literacy for Law Students? --- Part II
(DBN)

Duncan Law Dean Steps Down
(DBN)

Giving up on the J.D.
(DBN)

Liberal Bias In Law School Lives To Fight Another Day
(DBN)

The Rise of Legal Analytics, or the First Signs of Big Data in Big Law
(DBN)

Can the iPad mini Play a Role in the Lives of Lawyers? --- The iPad Lawyer: Really Making Your Wish A Command --- Favorite iPad Photo, Video and Audio Creativity Apps --- iFaux 5 - Upgrade your iPhone 4 to the new, thinner, lighter, iFaux 5.
(DBN)

Bizarre Complaint Against Attorney
(DBN)

Reading Between the Lines on Chinese Judicial Reform
(DBN)

Comedy > Lawyering
(DBN)

New York man who sued Facebook faces criminal charges
(DBN)

City Medical Examiner Keeps 1,000's of Brains for 'Tests'
(DBN)

Accused Cannibal Cop Considers Himself A 'True Gentleman'
(DBN)

A Lawyer Accused Of A Barroom Brawl Reveals What's Really Wrong With The Justice System
(DBN)

Park Service Searches for Missing Hiker, a Polsinelli Lawyer
(DBN)

Businessman Billed A Cold-Call Firm $13 For Every Minute They Wasted His Time—And Won
(DBN)

Detective: Murder Suspect Said She Gave Lawyer Boyfriend the Nose Job He Wanted
(DBN)

Lawyer’s Barbecue Sauce Became a Side Business
(DBN)

Ky. Supreme Court Upholds Convictions for Amish Who Say Orange Vehicle Symbols Violate Beliefs
(DBN)

George Zimmerman's attorney is fighting for his right to keep making headlines
(DBN)

Man attempts to land helicopter in crowd of intoxicated teens
(DBN)

Say What?!
(DBN)

______________

Judges:

A Supreme Masquerade
(DBN)

Scalia’s Advice to Law Students: Take Bread-and-Butter Classes, Not ‘Law and Women’
(DBN)

On Romney, Obama and the Supreme Court
(DBN)

John Paul Stevens’s Quest for Four Little Words
(DBN)

Justice Sotomayor's Memoir To Be Released In January
(DBN)

One Of These Die-Hard Conservatives Could Land On The Supreme Court If Romney Wins
(DBN)

Desperate Courts Ask for Money But Only One Gets Bailout Funds
(DBN)

Municipal Court Judge Faces Felonies for Alleged Hit-and-Run
(DBN)

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Wall Street:

Hurricane to close Wall Street on Monday, possibly Tuesday
(DBN)

US close : Stocks shrug off GDP data to end flat
(DBN)

Stocks: Watch the Falling Estimates
(DBN)

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Layoffs:

Newell Rubbermaid Plans to Cut 10% of Jobs in Restructuring
(DBN)

UBS overhaul plan could put 10,000 jobs at risk
(DBN)

Rockwell Collins to Cut 6% of Jobs as Defense Sales Drop
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

New Peril for Parents: Their Kids' Student Loans --- Five Things to Know Before Co-Signing a Student Loan
(DBN)

Enormous student loans paint parents into a corner
(DBN)

Student loans threaten a generation with 'debtors prison'
(DBN)

Student Debt Debacles
(DBN)

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Aviation:

American plans pilot 401(k)contributions as labor talks go on --- American Airlines tells pilots it’ll contribute 11 percent to their 401(k)s after it freezes their two retirement plans Nov. 1
(DBN)

US Airways, American to Weigh Merger Benefits
(DBN)

American Eagle mechanics approve new contract, but dispatchers turn down their deal
(DBN)

American Airlines mechanics: Many buyouts, few layoffs
(DBN)

Buyouts reduce layoffs at American Airlines
(DBN)

Roubini: 'US Airlines Are The Most Pathetic Antediluvian Pieces Of Junk Ever'
(DBN)

Pinnacle Airlines posted large loss in September
(DBN)

Airlines cancel thousands of flights as Sandy approaches
(DBN)

Troubled SAS rejects bankruptcy rumors
(DBN)

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Lehman:

Lehman Brothers bankruptcy examiner believes lessons not learned
(DBN)

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Celebs:

Crying all the way to bankruptcy
(DBN)

20 Amazing Mug Shots Of Famous Athletes
(DBN)

How 8 Famous Acquitted Defendants Spent The Rest Of Their Lives
(DBN)

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Pensions:

Retiree seeks remedies in Ninth Circuit
(DBN)

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Private Equity:

Bain Capital's role in KB Toys' demise still a point of controversy
(DBN)

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Retailing:

Vann's files for Chapter 7 bankruptcy ; still negotiating sale
(DBN)

______________

Video Games:

38 Studios auction in Providence brings in $650K
(DBN)

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Debt Collection:

CFPB Begins Oversight of Large Debt Collection Agencies in January
(DBN)

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Economy:

Michigan Consumer Sentiment Index Increased to 82.6 in October -- 5-Year High
(DBN)

Kansas City Fed Manufacturing Goes Negative
(DBN)

Don’t believe the GDP report! --- US GDP Since 1947
(DBN)

Fannie Mae and Freddie Mac may repay Treasury faster
(DBN)

There's No Line Between Tax Rates, Prosperity
(DBN)

An uneasy economy, and those living through it
(DBN)

We're Back: Revenues Beat Recession Levels
(DBN)

Wall Street wants major deal debt after the election --- Jamie Dimon: CEOs Cutting Back on Fiscal Cliff --- The ‘fiscal cliff’ is already dragging down GDP --- Meet the fiscal cliff-divers, who think jumping off could be our best bet
(DBN)

CEOs Back Obama's Tax Increase Plan
(DBN)

How the fiscal cliff would affect the poorest Americans
(DBN)

Looming Fiscal Cliff Speeds Mergers
(DBN)

US Economy Grows 2 Percent
(DBN)

10 Most Troubled Industries in America
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing Is Finally Giving the Economy Some Love
(DBN)

131 of 212 Largest Cities See Foreclosures Decline
(DBN)

Study: New Mortgage Rules Could Shrink Lending by 20%
(DBN)

Some "Principal Relief" on Fannie Mae and Freddie Mac Loans
(DBN)

Fannie and Freddie’s slow metamorphosis
(DBN)

Ally looks to sell most of its mortgage business
(DBN)

Median home price in Phoenix hits four-year high
(DBN)

Freddie Mac Made It Hard For Millions Of Americans To Refinance Their Mortgages To Protect Profits: Report
(DBN)

Will Remodeling Surge Next Year?
(DBN)

FBI tip leads French police to wanted US real estate mogul --- Busted --- Mastros' name was on mailbox in French village
(DBN)

Paradise Homes files for bankruptcy
(DBN)

Fitch Downgrades Various Distressed U.S. RMBS Bonds to 'Dsf'
(DBN)

____________

Autos:

Mitt Romney Campaign Shapes New Defense Over Obama Auto Bailout Attack --- Romney’s Auto Bailout Ad Tells Four Lies In 30 Seconds --- Jeep corrects Romney's statements --- Romney doubles down on misleading Jeep claim Chrysler called ‘fantasies’ --- Auto czar protests Romney plan for auto industry --- UAW denounces Romney comments on Jeep production --- Romney Campaign Ad Escalates Auto Controversy --- Fox's John Roberts Whitewashes Romney's Position On Auto Rescue --- Obama's auto bailout whopper
(DBN)

Auto Bailout Debate Moves to Delphi Pensions
(DBN)

What 'bankruptcy' really means
(DBN)

Romney Tries To Erode Obama's Auto Bailout Advantage In Ohio
(DBN)

GM's Second Bailout Could Hurt
(DBN)

Reduction of European Plant Overcapacity and its Impact on the Health of the Automotive Supply Chain
(DBN)

57% Opting for Car Loans Over 72 Months
(DBN)

GM's Mickey Mouse Plan for Car Sales
(DBN)

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Mass Transit:

NYTransit Shutdown Under Way for Second Time in History
(DBN)

______________

Bankruptcy Crimes:

NY bankruptcy fraud results in prison sentence
(DBN)

______________

Fraud:

Don't worry about Gupta, he may get a 2-year vacation --- Gupta: A good man who did bad things
(DBN)

Appeals court overturns $3 million fraud award --- The Opinion
(DBN)

New IRS Guidance for Ponzi Scheme Clawback Victims
(DBN)

A Silicon Valley executive was just charged with tipping off Raj Rajaratnam
(DBN)

Rajaratnam friend agrees to settle SEC insider trading case
(DBN)

Ex-Deloitte Partner Gets 21 Months for Insider Trades
(DBN)

______________

Apparel:

The Broke and the Beautiful: Schumer Urges HMX to Keep Hickey Freeman Domestic
(DBN)

CEO of HMX Group to Reassure Hickey Freeman Workers
(DBN)

______________

Alternative Energy:

Fisker Wants Court to Delay A123 Bankruptcy Auction
(DBN)

Johnson Controls declines lender role for A123 --- Johnson Controls changes tack in A123 Systems bankruptcy after Wanxiang opposition
(DBN)

A123 Systems, Inc. to approach court for loan from Wanxiang
(DBN)

Despite Bankruptcy , A123 Story Lives On
(DBN)

Taxpayer-backed solar firm under fire after bankruptcy, questions over defective panels
(DBN)

______________

Politics:

Idaho lawmaker files for bankruptcy — again
(DBN)

It's a Record: $2 Billion Presidential Campaign
(DBN)

We're In The Midst Of The Closest Election Since At Least 1936
(DBN)

Vandal Keys 'Obama' Into Cars Of Residents Supporting Romney
(DBN)

Romney's Medicare Plan Would Make Health Care Unaffordable For America's Sickest Seniors
(DBN)

FactCheck: Obama's Inflated Jobs Claim
(DBN)

Warren, Brown bring women's issues to the fore
(DBN)

Paul Wellstone: Tenth Anniversary of His Assassination
(DBN)

______________

Municipalities:

Exit from bankruptcy boosts Central Falls, RI rating
(DBN)

After 7 months, no audit by state of Stockton finances
(DBN)

Judge denies request to halt lawsuit proceedings over Sioux City movie complex
(DBN)

Standard & Poor's says that bankruptcy is no bargain for California cities
(DBN)

13 American Cities Going Broke
(DBN)

Rich California Towns ' Debt Imperiled by Repayment Doubt
(DBN)

Moody's Public Finance Downgrades Top $200B
(DBN)

California school districts could take credit rating hit if tax measures fail
(DBN)

______________

Travel:

Facing cash crunch, Prestige Travel now suing 33 casino and hotel companies --- Judge OKs cash flow to fund Prestige Travel operations
(DBN)

______________

Golf:

Highland Country Club to become housing
(DBN)

______________

Boating:

Hard Times in the Mega-Yacht Market
(DBN)

______________

Mass Torts:

BP Oil-Spill Judge Postpones Trial on Fault to February
(DBN)

Former NC scoutmaster admits he molested boys
(DBN)

______________

Health Care:

Highmark Offered West Penn $125M to File for Bankruptcy
(DBN)

West Penn attorneys argue Highmark fixed on bankruptcy
(DBN)

Consultant: WPAHS creditors 'more than willing' to talk
(DBN)

Court hearing over West Penn Allegheny investor talks extended
(DBN)

Former Highmark CEO testifies in court stand-off
(DBN)

______________

Brokers:

Spotting broker red flags
(DBN)

MF Global : Where's the money?
(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 (37 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Discharge:

Crash victim's family winds up loser in bankruptcy of millionaire's daughter
(DBN)

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Litigation:

The Rare Federal Civil Trial
(DBN)

______________

Avoidance Actions:

“Strong arm” powers: who gets first dibs on Christmas trees?
(DBN)

______________

Priority Claims:

Superpriority under Section 507(b): Powerful but Sometimes Elusive
(DBN)

______________

Examiners:

The New, More Aggressive Face of Chapter 11
(DBN)

______________

IP:

Decisions on trademark licenses in a licensor bankruptcy reinforce circuit split
(DBN)

______________

Personal Bankruptcy:

Chapter 13 debtors may keep Social Security Income
(DBN)

______________

Weather:

East Coast Braces for Worst --- Grinds to a Halt as Superstorm Sandy Nears --- Hurricane Track Has Shifted South, But Major Flooding Still Expected In New York And New England --- Bloomberg: Everyone Living In NYC 'Zone A' Must Evacuate --- Eerie Photos Show Total Abandonment At Major New York Hubs --- Goldman Will Be Open For Business Despite Being In A Mandatory Evacuation Zone --- In Sandy Evacuation Zone, Some Fleeing While Others Hunker Down --- Christie: N.J. Residents To Take ‘Brunt of’ Sandy --- Atlantic City Casinos Shut Down as Sandy Moves In --- Latest Map And News On Hurricane Sandy --- ConEd: We May Have To Preemptively Shut Down Power In Lower Manhattan --- As Sandy Closes Schools, Parents Make Other Plans --- Connecticut Governor Urges Residents to Heed Sandy Warnings --- Hurricane Sandy: What to Expect in New York, New Jersey and Connecticut --- Sandy vs. Irene: How Do the Storms Stack Up? --- Frankenstorm Strandings: Travelers Can Only Wait Out Sandy --- Largest tropical cyclone to ever develop in the Atlantic basin? --- 5 Reasons Sandy Will Be Epic --- NYSE Closing Floor Trading For Monday--- The Scariest Thing About Hurricane Sandy --- Manhattan Veterans Hospital Is Evacuating All Of Its Patients --- More Than A Dozen Nuclear Plants In Sandy's Path --- 10 Million Could Lose Power --- Pets allowed in the 65 NYC shelters --- Will this be the Northeast's Katrina and how lawyers can make names for themselves --- How storms like Sandy batter insurance companies
(DBN)

______________

Insurance:

D&O Insurance: Layers and Tears
(DBN)

______________

Steel:

RG Steel unveils retention plan
(DBN)

______________

Hollywood:

Former Digital Domain CEO says latest suit against him already resolved in bankruptcy court
(DBN)

______________

Food/Beverage:

Fred Webber, Fruit and Vegetable Dispute Resolution Corp.
(DBN)

'Brick-Licking' And Other Signs That Restaurants Are Getting Ridiculous
(DBN)

______________

Finance:

Ally May Divest Mortgage Servicing, Business Lending Units
(DBN)

______________

Banking:

Unofficial Problem Bank list declines to 864 Institutions
(DBN)

______________

Tax:

Men Who Hired Fake Lawyer to File Phony Tax Returns Get 1-Year Sentence
(DBN)

______________

Sports:

7% of Kings will be sold to high bidder
(DBN)

______________

Distressed Investing:

TPG Credit Management Closes Distressed Fund
(DBN)

Goldman Sachs Said to Hire Ex-Deutsche Bank Credit Trader Pappas
(DBN)

Advanced Distressed Debt Lesson: Trade Dispute Litigation: What Distressed Investors Need to Know
(DBN)

______________

Corporate Reform:

Obama to GOP: Don't Undo Wall Street Law
(DBN)

Time Running Out for Suits Over 2008 Crisis
(DBN)

______________

M&A:

Why So Many Acquisitions Fail
(DBN)

______________

Sovereigns:

Argentina Lost! Elliott Won! Pari Passu Rules! --- Known Unknowns in Pari Passu
(DBN)

Argentina’s stunning pari passu loss
(DBN)

______________

UK:

Insolvency practitioners must break out after being hemmed in
(DBN)

Hamilton promoted to insolvency partner at Haslers
(DBN)

HMRC tax investigations soar
(DBN)

Bankruptcy could wipe out divorce debt
(DBN)

Britain Will Be Third World Economy by 2014: Authors
(DBN)

______________

EU:

Draghi backs eurozone super-commissioner plan
(DBN)

European Poor Now Begging for Food Aid
(DBN)
s

______________

PIIGS:

Spain's banks cut sovereign debt holdings for first time since May --- Spain's empty highways lead to bankruptcy
(DBN)

Italy's Reforms Could Be 'Wiped Out' by Political Risks --- Berlusconi Sentenced to Four Years in Prison for Fraud --- Italy's Berlusconi vows to take on judiciary 'dictatorship' --- Intesa in sub debt call removal shock
(DBN)

German Finance Minister Says No Way To A New Greek Debt Haircut --- Schaeuble: It’s Not Sure that Greece Will Stay in the Euro --- Troika will demand 150 new Greek reforms: report --- Tsipras Says More Austerity “Final Blow” for Greece --- Give Greece more time: ECB's Nowotny --- The Controversial 'Lagarde List' Has Leaked, And It's Bad News For The Greek Prime Minister --- Greek Editor Is Arrested After Publishing a List of Swiss Bank Accounts --- Papoulias Says Greece Can Solve Debt Crisis --- Samaras in Crisis Talks Over Budget --- Athens gets ready to battle over subsidies
(DBN)

______________

Canada:

SCC resolves interaction between garnishment and bankruptcy provisions
(DBN)

Moody's Possibly Downgrading 5 Big Canadian Banks
(DBN)

______________

Japan:

Radiation Levels in Fukushima Fish Not Dropping
(DBN)

______________

Australia:

Buried in debt after property promises fail
(DBN)

$20m debt: b------ owner faces ruin
(DBN)

______________

Russia:

Bankruptcy case of Russia's largest insurance company ceased
(DBN)

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Copyright 2012