October 3, 2012

The Daily Bankruptcy News

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Law:

Law Firm Mergers Continue Upward Trend; International Mergers Up Sharply --- U.S. law firm mergers focus on smaller regional deals
(DBN)

Dewey Estate Drops Bid to Pay Finance Director $165,000 Bonus
(DBN)

While Law Grads Suffer, The Richest Firm In America Is Making Billions
(DBN)

Buying In: Partner Paydays (Part 2)
(DBN)

Growth is Dead: Part 5
(DBN)

More Minority GC Than Ever, So Where Are the Minority Partners?
(DBN)

Jones Day, Paul Hastings, Akin Gump, S&C: Business of Law
(DBN)

Quinn Emanuel, Debevoise, Cleary, Hogan: Business of Law
(DBN)

Law School Receives $5 Million Gift from Kirkland & Ellis
(DBN)

DLA Piper Wins Dismissal of Bankruptcy Legal Malpractice Suit
(DBN)

Biglaw Firms Join the San Francisco Start-up Gold Rush
(DBN)

Gradenfreude: The Plight Of A Law School Graduate In 2012
(DBN)

US Sen. hopeful Warren releases list of legal work --- Neither Brown nor Warren has disclosed legal work --- MA Law License Rule
(DBN)

UK: Slaughters set to make 28 secretary job cuts in rare redundancy round
(DBN)

As Law School Applications Drop 13.7 Percent Nationwide, KU Sees a 19 Percent Increase
(DBN)

Law School Transparency: Slaves of DC
(DBN)

Why You Shouldn't Waste Your Time Getting A Dual JD/MBA Degree
(DBN)

Warrior or Wedding Planner? The Growth Job for JDs in the New Normal
(DBN)

Ex-client of defunct Ruden, awarded $4.6 million
(DBN)

50 Best iPhone App for 2012
(DBN)

No rest for the weary attorney
(DBN)

Ex-Crowell & Moring Lawyer Pleads Guilty to $10M Client Theft
(DBN)

Ennui. Rhymes With Tea --- Lawyer Briefly Wins Contest for a Year Off Work
(DBN)

Adoptive Mom, a Lawyer, Is ‘More Responsible’ Parent, Gets Custody of Girl, 6, Instead of Bio-Mom Ex
(DBN)

Lawyer Charged in Dad’s Murder Allegedly Used Forged Health Care Power of Attorney as Fatal Weapon --- Murder weapon was a piece of paper, prosecutor says
(DBN)

Man Claims He Was Ticketed for Having a Romney Bumper Sticker
(DBN)

Meet the Lone ‘Lawyer’ From Cosmo’s Bachelor of the Year Contest
(DBN)

Pregnant woman steals tow truck with her repossessed SUV attached
(DBN)

Scalia Strikes Again in Dodd-Frank Rule Challenge
(DBN)

Man Unaware of Partying Teens’ Apparent Trespass Until He Spotted Facebook Photos Taken in His House
(DBN)

Prosecutor Drops Joint in Court, in Front of Cops; Promptly Curses the Day He Was Born
(DBN)

Administration says it's legal to track citizens' every movement without a warrant --- Court says administration can still detain anybody indefinitely
(DBN)

Assistants say ADA lawyer required them to dress, feed and rub lotion on him
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

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Judges:

Anchorage attorney named bankruptcy judge
(DBN)

Ex-Supreme Court Clerk Says This Justice Is 'The Most Normal' Of The Bunch
(DBN)

At the Court, a meat-and-potatoes case draws laughs
(DBN)

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Wall Street:

Stock index futures trade slightly lower
(DBN)

Stocks turn lower amid Spanish bailout hope
(DBN)

15 Stocks That Traders Are Shorting Like Crazy
(DBN)

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Layoffs:

Marissa Mayer Is Considering Firing Thousands Of Yahoo Employees
(DBN)

Kodak Announces More Than 1,000 Layoffs
(DBN)

Should Millionaires Get Unemployment Benefits?
(DBN)

'Pink slip stigma' stronger the longer you're jobless
(DBN)

New Model to Predict Unemployment Sees Rate at 8.1%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Bernie Kosar serves as prime subject for ESPN's 'Broke'
(DBN)

A Shocking List Of Athletes Who Have Declared Bankruptcy
(DBN)

Former NBA Player Discusses How He Lost $110 Million
(DBN)

The 10 Highest-Paid Female Celebrities Of 2012
(DBN)

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Municipalities:

San Bernardino: Fire cuts complete S.B. budget fix
(DBN)

Dana Point, San Bernardino Show Fractured Nature of Economic Recovery
(DBN)

Price George County town says it could go bankrupt
(DBN)

State-appointed administrator for Inglewood Unified to be announced Wednesday
(DBN)

Movement In Altoona Act 47 Process
(DBN)

Stockton: Crime — it's complicated
(DBN)

Atwater layoffs predicted --- Atwater Preps for Fiscal Emergency Vote --- Readies pink slips --- Agency downgrades Atwater's bond rating
(DBN)

Bleak Photos Capture The Fall Of Detroit
(DBN)

Loitering teens taking over Detroit gas station
(DBN)

California PMI Report Just Took A Nose Dive
(DBN)

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Aviation:

Woes add up for American
(DBN)

AA and unions agree to resume contract talks
(DBN)

American Airlines Suffers Its Worst Week Ever
(DBN)

Airline has a screw loose --- American says installation job caused seat snafu
(DBN)

Who wants to fly American Airlines?
(DBN)

TWU official: Loose seats not related to unhappy American Airlines employees
(DBN)

A Trans-Atlantic Trip Turns Kafkaesque
(DBN)

American Airlines: Timeline of Troubles
(DBN)

Outrageous Or Smart? Spirit Airlines Raises Its Carry On Fee To $100
(DBN)

The 10 Best Airlines In The U.S.
(DBN)

Kingfisher Locks Out Some Staff After Unrest --- Kingfisher Airlines shutdown to continue till it clears salary backlog
(DBN)

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Economy:

Bloomberg's Fabulous Chart On The History Of Widening Income Inequality
(DBN)

Households Face Tax Increase From 2013 Fiscal Cliff
(DBN)

Monthly U.S. Economic Confidence Up Sharply in September
(DBN)

End of Tax Cuts Top Fiscal Cliff Fear --- Economists: Fiscal Cliff Threat, but Unlikely
(DBN)

3 Troubling Charts That Prove The US Economy Is Way Off Track
(DBN)

'We're Heading for Recession,' Zell Predicts for Economy --- Listen To Sam Zell, And You'll Finally Understand Mitt Romney's Economic Plan
(DBN)

US Is Debt Addict on 'Budgetary Crystal Meth': Gross
(DBN)

VA employees turned Orlando conferences into taxpayer funded vacations, massages, limo rides, helicopter tours
(DBN)

America's Manufacturing Crisis: Finally Harvard Gets It
(DBN)

US Factory Workers Used To Live Pretty Good Lives, But Not Anymore
(DBN)

Decline in immigrant entrepreneurship threatens US competitiveness
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Feds throw support behind lawsuit against JPMorgan --- JPMorgan Unit Is Sued Over Mortgage Securities Pools --- NYAG MBS Suit --- Schneiderman: J.P. Morgan units sold garbage as gold --- Cynicism aside, why the NY AG's MBS suit vs JPMorgan matters --- NY Suit Against JPMorgan Makes Ripple, Not Splash --- Private Claims Paved the Way for Government's JPMorgan Suit --- In JPMorgan case, a potentially potent alliance for state, federal prosecutors --- JPMorgan Rivals Face Billions in Damages After MBS Case
(DBN)

To Be Fair, Bear Stearns Never Told Investors That Its RMBS Deals Weren’t “S--- Breathers”
(DBN)

US home prices rose 4.6% in August, biggest jump in six years
(DBN)

Measure of US home prices rises by most in 6 years
(DBN)

Home prices are up versus a year ago in 16 major cities
(DBN)

Why The Market Is Still A Disaster
(DBN)

New Debt Bubble Keeping Buyers Out Of The US Housing Market
(DBN)

FHFA announces second winning bidder in REO pilot program
(DBN)

Investors want ResCap restrained
(DBN)

Phoenix-area home prices surge 22 percent in past year
(DBN)

Real Estate Workouts - Excess Nonrecourse Partnership Debt
(DBN)

Manhattan Office Vacancies Rise the Most in Three Years
(DBN)

CIFG Sues Greenpoint Over $277 Million in Mortgage Loans
(DBN)

75 former Countrywide execs are once again running a mortgage company
(DBN)

Office Space Vacancy Drops In Q3
(DBN)

Landlord Gains Slow as Homebuying Tops Renting
(DBN)

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Gas Stations:

PCF Saleco Working With Phillips 66 to Avoid Bankruptcy --- Dispute leaves firm's Utah stations without gasoline
(DBN)

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Hotels:

Appeals Court reverses W Hotel bankruptcy
(DBN)

______________

Health Care:

Highmark Wants Restraining Order to Keep West Penn From Other Suitors --- Insurance Department expands information requests from Highmark
(DBN)

UST Seeks Investigation Of Alleged Attempt To Blackmail Lawyer
(DBN)

Doc Blames Alternate Personality for Medicaid Fraud
(DBN)

Judge considers request for delay of Desai trial
(DBN)

Our 5-Hour, $10,000 Visit to the ER
(DBN)

______________

Orchestras:

The ever-tightening pay crunch for U.S. orchestras
(DBN)

______________

Retailing:

Deal to buy Vann's still possible, bankruptcy trustee appointed --- Bankruptcy judge gives Vann's 1 month to finalize sale --- Vann's CEO says potential buyer is credible, has resources --- Chapter 11 trustee to oversee operations at Vann's
(DBN)

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Shipping:

B+H Ocean Files Chapter 11 Plan That Liquidates Assets
(DBN)

Torm says reaches restructuring deal with banks
(DBN)

______________

Corporate Reform:

Officials see more financial crisis cases after JPMorgan suit
(DBN)

The task force vs the banks (finally)(maybe)
(DBN)

The Martin Act Rides Again
(DBN)

______________

Autos:

Einhorn Says GM Stock Is Cheap
(DBN)

As debates begin, auto bailout in forefront
(DBN)

Auto Rebound Steers U.S. Economy Back From Lehman Debacle --- US Monthly Auto Sales Crush Expectations --- Chrysler US Sales Beat Estimates; Ford, GM Fall Short
(DBN)

______________

Jai-Alai:

Florida Gaming names chief restructuring officer as Miami Jai-Alai faces foreclosure
(DBN)

______________

Food/Beverage:

CIT: Improvement in Restaurant Sector Should Continue
(DBN)

VM Odells files for Chapter 11 bankruptcy protection
(DBN)

We've Been Eating Cupcakes Wrong Our Entire Lives
(DBN)

The Strange (But Amazing)Restaurant That Just Got 2 Michelin Stars --- Michelin Awards Stars To 66 New York City Restaurants
(DBN)

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Accounting:

E&Y posts highest UK revenue growth in six years
(DBN)

______________

Banking:

About the $2.43 Billion BofA/ Merrill Lynch Merger Securities Suit Settlement
(DBN)

______________

Video Games:

Curt Schilling’s Medfield home on the market for $3.45m
(DBN)

______________

Photography:

Kodak increasingly eating through cash
(DBN)

Kodak Sends Out Layoff Notices
(DBN)

______________

Alternative Energy:

Delays dog U.S. government loans to green energy projects
(DBN)

______________

Debt Collection:

A friendly, cloud-based alternative to the debt collector
(DBN)

______________

Corporate Governance:

Sealy Deal Raises Trifecta of Delaware Law Issues
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)- (11)
(DBN)

Seminars - (Contact us to list your seminar)

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Miscellaneous:

Quebecor, Christ Hospital, Madoff, Patriot
(DBN)

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Bankruptcy Statistics:

SD FL bankruptcies decline in September
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Costs:

The Intangible Costs of Bankruptcies
(DBN)

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Professional Compensation:

Pilgrim's Pride Opinion Allows Enhancements in Bankruptcy, Offers Comprehensive Overview of Bankruptcy Fees
(DBN)

______________

Classification:

Separate But Not Equal: Bankruptcy Court Requires Subordinated Secured Debt to Be Classified Separately from Senior Secured Debt
(DBN)

______________

Cross-Border:

Vitro to Ask US Court to Enforce Mexican Reorganization
(DBN)

______________

Obits:

Sheppard Mullin Mourns Loss of Retired Partner Merrill Francis
(DBN)

______________

Politics:

Brown, Warren seek momentum off 2nd Senate debate --- Backers of Warren, Brown Trade More Shots
(DBN)

Obama's Nevada 'debate camp' site mirrors nation's woes and hopes
(DBN)

Cornell: Mitt Romney Was Way Off About The 47%
(DBN)

______________

Litigation:

ESI: Always Explain “Why” to the Judge
(DBN)

______________

Insurance:

California passes Dodd-Frank-compatible insolvency legislation
(DBN)

German insurance giant took employees on e----- trips around the world
(DBN)

______________

Fraud:

Gibraltar, Boston Private get Rothstein bar order
(DBN)

Gibraltar's $15 million Rothstein settlement approved
(DBN)

NY trial set next year for 5 ex-Madoff employees
(DBN)

Madoff Fraud Started in the 1970s
(DBN)

Madoff Ponzi scheme's final days detailed in indictment
(DBN)

September 2012 Ponzi Scheme Roundup
(DBN)

Fraud Growing in Scientific Research Papers
(DBN)

______________

Newspapers:

Orange County Register's ‘Newsies’ Steal the Show in Freedom Chapter 11
(DBN)

______________

Brokers:

Bankrupt Company Claims Silver SpongeBob Coins Missing
(DBN)

______________

Private Equity:

More Money Than They Know What to Do With
(DBN)

______________

Compensation:

Wrong Debate on CEO Pay
(DBN)

______________

Gambling:

Foxwoods proposes $520M debt reduction in final restructuring terms
(DBN)

______________

UK:

Begbies upbeat as UK insolvencies fall
(DBN)

Landlords furious over JJB Sports and Optical Express administrations
(DBN)

Accountancy services provider makes foray into legal market
(DBN)

'Name and shame threat to banks over loan failures
(DBN)

Lawyers of ex-Rangers owner Craig Whyte move to have him declared bankrupt
(DBN)

______________

EU:

Euro-Zone PMI Fall Raises Recession Fears
(DBN)

Report wants EU banks to ring-fence risky business
(DBN)

Questions Aplenty Ahead of Draghi Press Conference
(DBN)

Banks under threat as EU group proposes holdings restrictions
(DBN)

Germany Must Face Up to Its 1T Euro Problem
(DBN)

______________

PIIGS:

Global shares, euro climb on Spain bailout hope --- Spain: The ECB's Plan May Not Be Enough --- Spanish owners of Gecina file for bankruptcy : source --- Foreigners Fleeing Spanish Bond Markets --- 15,000 Apply for 150 Factory Jobs
(DBN)

Greek Government Proposes Deep Cuts in Bid to Please Foreign Lenders --- Greek Youth Unemployment Highest in EU --- Troika Won’t Back Down on Greek Austerity --- One step forward, two back for Greece on debt --- Greece pushes for austerity deal as time runs short
(DBN)

ie: Quinn daughters had '€36m contracts' --- Sean Quinn Jnr appeals contempt of court jail sentence
(DBN)

______________

Canada:

Nortel defense in closing arguments
(DBN)

______________

Japan:

Japan Corporate Bond Risk Drops, Credit-Default Swap Prices Show
(DBN)

The Sad State of Japan's Electronic Giants
(DBN)

______________

China:

China services PMI falls to lowest in nearly two years
(DBN)

______________

MENA:

Debt Collector Gets 22 Years Prison, 25 Strokes
(DBN)

______________

Australia:

Nine threatens receivership unless debt talks resume
(DBN)

______________

Romania:

As many as 19,000 insolvency cases since year's start
(DBN)

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Copyright 2012