October 30, 2012

The Daily Bankruptcy News

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Law:

Hurricane Sandy: A List of Legal World Closures --- Lawyers, Courts Grapple With Work During Storm --- Legal profession hunkers down, but finds ways to serve the clients --- Frankenstorm Closes Everything, Except SCOTUS… And Above The Law
(DBN)

ABA Groups and Members Offer Help to Those Affected by Hurricane Sandy
(DBN)

Hurricane Sandy Shuts Down DC-NY Travel, and Lawyer Stays Put Post-SCOTUS Arguments
(DBN)

Obama, Romney line up elite lawyers for potential election disputes
(DBN)

Morgan Lewis, Cravath, Munger Tolles: Business of Law
(DBN)

Lurid Complaint Against Sidley Austin
(DBN)

The Future Of Biglaw
(DBN)

Top 10 UK Law Firms Rake In Nearly Half of BigLaw Revenue, Could Gain Even More via Foreign Growth
(DBN)

Mayer Brown UK exodus continues as reinsurance litigator heads to Locke Lord
(DBN)

Firms vie for places as GE prepares for European panel revamp
(DBN)

UK: Top 10 law firms increase their dominance, says PwC
(DBN)

Lawyers withdraw from Dakota race bias suit amid hedge funder’s financial woes
(DBN)

Some Advice About Office Staff
(DBN)

An A for Alternatives: AFAs Are Here to Stay
(DBN)

Unable to Find Public Interest Jobs, Some Harvard Law Students Settle for BigLaw
(DBN)

Several Law Schools Announce Hurricane Sandy Closings
(DBN)

A Recent Cardozo Law Grad Gets Trashed — Literally
(DBN)

A Debate on the Future of Legal Ed Breaks Down to the Real Versus the Ideal
(DBN)

Transparency: The working life
(DBN)

Snell & Wilmer Continues to Expand Bankruptcy Group with the Addition of Jeffrey W. Shields
(DBN)

Legal Secretary Accused of Embezzling $830K From Retired Partner Gets 3 Years in Federal Prison
(DBN)

Pet Friendly: It’s a Dog’s Life at Some Solo Offices
(DBN)

Florida judge rejects gag motion in Trayvon Martin shooting case
(DBN)

Already Slapped with $10K Sanction for Depo Conduct, NY Lawyer Is Now Ordered to Pay $36K Legal Fees
(DBN)

World Series Winners (Or Their Fans, At Least)Are Above the Law
(DBN)

Poll workers call 911 on candidate's mom for 'aggressive' campaigning
(DBN)

Say What?!
(DBN)

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Judges:

Court closures to continue Tuesday as Sandy menaces region
(DBN)

Sandy, Shmandy! High Court to Press On Despite Storm --- Supreme Court to Close Tuesday
(DBN)

Judge Glen Edward Clark, who presided over Utah bankruptcy court, dies at 70
(DBN)

As Hurricane Sandy Sweeps In, Courts and Law Firms Close Down in DC, NJ and NY
(DBN)

Corporate Executives Trying Their Best To Make Anthony Kennedy Even More Wrong About Citizens United
(DBN)

Amici's Early Appeals to Justices Fall on Deaf Ears — or Do They?
(DBN)

Judge Has "Black Robe Disease"
(DBN)

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Wall Street:

Stock futures end short session lower; market closed Tuesday --- Hurricane Sandy shuts stock trading for 2 days
(DBN)

Why It's So Important That The US Stock Market Opens By Wednesday
(DBN)

Goldman Sachs Ducks Behind Sandbags as Sandy Aims at NYC
(DBN)

On Wall Street, It's Business as Unusual
(DBN)

While Almost Everyone Else Is Dark, The Lights Are Still Shining At Goldman Sachs
(DBN)

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Layoffs:

EBay's PayPal cuts 445 jobs
(DBN)

What to Tell Employees as Sequestration Looms
(DBN)

Just 35 Percent Of Americans Cash In On Jobless Benefits
(DBN)

The Brutal Way Some UBS Employees Discovered They Were Laid Off
(DBN)

Predictive Technology Is Turning America Into A Nation Of Part-Time Workers
(DBN)

16 Of The Dirtiest Jobs In America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

Soured Student Loans Bankrupt Parents, Grandparents
(DBN)

Students' $1T in Debt Comes With Complaints About Lenders
(DBN)

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Economy:

Consumer Spending in U.S. Increases 0.8% as Incomes Climb 0.4% --- Savings a worry
(DBN)

Millennials Are Turning Into A Generation Of Fiscal Conservatives
(DBN)

The Looming "Fiscal Cliff" and Business Risk
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosures wipe out $2 trillion in neighborhood equity
(DBN)

New Report Predicts 20% Fewer Mortgages In 2013
(DBN)

How Home Prices Compare With Four Years Ago
(DBN)

Fannie, Freddie and the False Claims Act
(DBN)

Tax Break on Forgiven Debt to End
(DBN)

Dallas' City Lights project in bankruptcy with sale to developers in the works
(DBN)

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Autos:

Auto Manufacturing Is Back In America. Obama Was Right, Romney Was Wrong.
(DBN)

Chrysler profits surge 80%
(DBN)

Auto bailout still dominates crucial battle for Ohio --- Obama campaign unveils response to Romney auto ad
(DBN)

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Fraud:

UBS bosses influenced my trading, says accused trader
(DBN)

A look at facilities Rajat Gupta will enjoy in prison
(DBN)

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Municipalities:

San Bernardino, Compton halt payments to CalPERS --- CalPERS sues city of Compton over unpaid pension payments
(DBN)

Pittsburgh Act 47 hearing postponed by Sandy
(DBN)

The 15 US Cities With The Most Murders Last Year
(DBN)

Assessing the Risk of Municipal Default
(DBN)

Can Any "Municipality" File for Ch 9 Bankruptcy? Part 2 of 2
(DBN)

JeffCo to consider sewer rate changes
(DBN)

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Banking:

First Place Financial Corp. Files Bankruptcy in Delaware
(DBN)

Traders Suspended as Probe Goes Past LIBOR
(DBN)

Libor-Rigging Banks Leave London Customers Disillusioned
(DBN)

Citigroup's biggest challenge: One of the least productive workforces on Wall Street
(DBN)

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Furniture:

Sleepy's, private equity firm bid on Mattress Discounters
(DBN)

______________

Brokers:

MF Global Problems Started Years Ago
(DBN)

To Jon Corzine: This MF Global Client Wants Justice
(DBN)

______________

Health Care:

Fitch Downgrades West Penn Bonds to "CCC"
(DBN)

Don't follow in Highmark's footsteps in a public image crisis
(DBN)

______________

Alternative Energy:

Johnson Controls still pursuing bankrupt battery firm
(DBN)

Chinese Firm to Provide A123 Funds
(DBN)

A123 Bankruptcy Update: Wanxiang, Johnson, Fisker Spar in Court
(DBN)

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Corporate Governance:

Judge Fights to Uphold Delaware’s Reputation of Being Fair to Corporations
(DBN)

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Religion:

Judge lets archdiocese bankruptcy abuse ruling stand
(DBN)

______________

Mass Torts:

Biloxi Blues: Legal-Cost Fears Have Victims of the Oil Spill Sliding out of the Middle Class
(DBN)

______________

Celebs:

Toni Braxton: Bankrupt and Accused of Fraud --- In trouble over fraudulent transfer in bankruptcy case
(DBN)

______________

Telecoms:

LightSquared Looks to Airwaves Tracking Sandy for Revival
(DBN)

______________

Alternative Energy:

Abound Solar: 3-pronged criminal investigation launched
(DBN)

A123 Seeks Approval of $50 Million Loan From Wanxiang
(DBN)

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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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Discharge:

Supreme Court Grants Cert to My Morning Drive
(DBN)

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Standing:

Sixth Circuit Addresses Question of Standing of Former Bankruptcy Debtor
(DBN)

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Jurisdiction:

Sixth Circuit Sets Limits on Bankruptcy Court Jurisdiction
(DBN)

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Weather:

New York And New Jersey Deal With Catastrophic Damage From Hurricane Sandy --- Thousands without power as Sandy barrels into East Coast --- Power Outages Begin to Mount, State-by-State --- An Entire New Jersey Borough Is Underwater After A Levee Break --- FDNY Captain: Brooklyn Is 'Alive' With 'Numerous Fires' --- Insurers concerns rise over hurricane damage --- Insurers could withstand $10 billion Sandy hit-analysts --- Why predicting storm damage is becoming more difficult for insurance companies ---- Hurricane Sandy flight cancellations top 13,000 --- Hurricane Delays Nearly $3 Billion of Commercial Mortgage Bonds --- Officials Rescuing About 500 Atlantic City Residents --- Is Hurricane Sandy Making Us More or Less Productive? --- Chris Christie Gives Furious Press Conference, And Even Blasts The Mayor Of Atlantic City --- Fire Island is going under, but dozens refuse to evacuate --- Hurricane Sandy forces airlines to cancel nearly 9,000 flights --- Airlines Exploited Passengers Trying To Escape The Storm --- Does Mitt Romney Still Want To Cut Federal Disaster Relief? --- Prepare For A Wave Of Looting --- NYC left dark, deluged by superstorm Sandy --- Power out to more than 2.3M in NJ --- 50 Homes Destroyed by Fire in Queens --- Five Sandy-Related Deaths Have Now Been Reported In New York --- MTA: In 108 Years, The NYC Subway System Has Never Faced A Disaster As Devastating As This --- A haunting picture of Coney Island under water --- At Least 20 Dead In NYC Area, 7.5 Million Without Power
(DBN)

______________

Aviation:

AMR posts a net loss of $291 million in September
(DBN)

American Airlines sees ‘good progress’ in talks with pilots, deal by Nov. 1
(DBN)

Hawker to Be Taken Over By Creditors After Sale Collapses
(DBN)

Hawker briefs NBAA crowd on post- bankruptcy plans
(DBN)

Hawker Beechcraft's plan still leaves questions
(DBN)

Italy's Blue Panorama enters bankruptcy protection
(DBN)

______________

Gambling:

Silver Legacy owners eye sunnier days
(DBN)

______________

Marketing:

Vertis Holdings' Creditors Oppose Auction, Loan Terms
(DBN)

______________

Tax:

US tax whistleblower collects $38 million from IRS-lawyer
(DBN)

______________

UK:

Most businesses facing bankruptcy survived recession
(DBN)

South London Healthcare NHS Trust should be dissolved, says Special Administrator
(DBN)

What happens if an NHS trust goes bust?
(DBN)

MPs slam DH over NHS trust bankruptcies
(DBN)

Health department 'inventing rules'
(DBN)

One NHS trust in five is in bad financial trouble
(DBN)

UK retail taskforce to suggest ways rejuvenate high street
(DBN)

______________

EU:

Germany Rattled as Losses Loom in Greece
(DBN)

German October Unemployment Rose Twice as Much as Forecast
(DBN)

______________

PIIGS:

Rajoy Faces Bailout Split With Monti at Madrid Meeting --- What is Rajoy Waiting For? --- Spain Retail Sales Fall at Record Pace --- Spanish recession deepens
(DBN)

Greek bank shares plunge on recapitalization --- Greek turbulence hits European stocks --- Greece fears return during crunch bailout week --- Second haircut for Greece will be unavoidable: troika --- Greek officials accused of persecution as 'Lagarde List' journalist appears in court
(DBN)

______________

Canada:

Why American Chapter 11 Beats Canadian CBCA
(DBN)

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Copyright 2012