October 4, 2012

The Daily Bankruptcy News

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Law:

Layoff Watch: On-Shore Outsourcing Claims Additional Law Firm Jobs
(DBN)

Wachtell, Cleary, K&L Gates, Akin Gump: Business of Law
(DBN)

Finley Kumble: Lessons Learned? Maybe Not.
(DBN)

Bigger bucks come to Supreme Court clerks who wait
(DBN)

What Lawyer Did With The $10 Million He Embezzled From Clients
(DBN)

Women, You Are an Unholy Mess—Embrace It
(DBN)

Hedging Bets, Former Dewey Partners File Claims Against Bankrupt Estate
(DBN)

U.S. Senate candidate Elizabeth Warren represented diverse groups in Supreme Court cases
(DBN)

Willie Gary's law firm ordered to pay $12.5 mln to lender
(DBN)

Firms combine to form the eighth largest firm in the world
(DBN)

Compensation for Chief Legal Officers at Large Texas Companies Up 11 Percent
(DBN)

Georgetown Law Grad Seeks Indiegogo Funding to Pay Student Loan Debt, Jumpstart Artistic Pursuits
(DBN)

A Costly Law School Is Expanding Its Empire As Grads Struggle To Find Jobs
(DBN)

Law School Transparency: The tuition's too damn high
(DBN)

Predictions about Closings of ABA-Accredited Law Schools Over the Next Decade
(DBN)

Three Regional Law Firms Announce Mergers; Like Most This Year, They Involve Small Law Firms
(DBN)

Lifestyle business latest to jump into legal market
(DBN)

Look Out, LegalZoom! Jacoby & Meyers Gets into Legal Forms
(DBN)

Cam Girl Films Herself M----------- in Top Law School Library
(DBN)

7 of the strangest lawsuits making headlines
(DBN)

Detroit Police Chief Accused Of Affair With The Same Woman Who Brought Down The Last Police Chief
(DBN)

Schools consider 'trash-cams' to monitor vegetables thrown away by students
(DBN)

Cops: Husband Hit Wife in Fight Over Obama, Romney
(DBN)

Cop Tickets Woman For Failing To Tell Him During Traffic Stop She Had HIV
(DBN)

Man dressed as Batman arrested for interfering with police investigation
(DBN)

Fraternity's Attorney Denies B---chugging
(DBN)

Alleged ‘Hoodlums’ Upload Assault Footage to YouTube, Lead Police Right to Them
(DBN)

There Can Be Only One
(DBN)

Say What?!
(DBN)

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Judges:

Judge Flips Out On Hedge Fund Manager Accused Of Pretending To Own Facebook Shares
(DBN)

Scalia’s Son Is a Go-To Lawyer in Challenges to Financial Regulations
(DBN)

Family Court Judge Who Hit Teen Daughter with Belt in Viral YouTube Video Might Go Back on Bench
(DBN)

Use Blockquotes When You Have a Point You Don’t Want to Make
(DBN)

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Wall Street:

Stock index futures signal higher Wall Street open
(DBN)

Wall Street stays afloat on firm data
(DBN)

Despite $63 Billion In Profits, Here's Why Wall Street Is Still A Joyless Place
(DBN)

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Layoffs:

U.S. Nongovernment Job Creation Stalls
(DBN)

Unemployment Falls in 90% of US Cities
(DBN)

Businesses hire more than expected: survey
(DBN)

Jobless Claims Paid to Lots of Millionaires in 09
(DBN)

Applied Materials To Cut Up To 1,300 Jobs Amid Workforce Restructuring
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

California Cities in 'Conga Line' For Fiscal Trouble
(DBN)

California Muni Bankruptcies a Growing 'Disease,' Kotok Says
(DBN)

Atwater Dodges Bankruptcy Bullet For Now --- Layoffs set in Atwater --- Atwater, California declares fiscal emergency --- California Mayor Asks for Prayers as Bankruptcy Looms
(DBN)

Red Light Cameras Help Cash Starved Cities
(DBN)

U.S. States Teeter on Brink of Fiscal Cliff
(DBN)

America's 50 Best Cities
(DBN)

This Is What An Oil Boom Town Looks Like After It's Gone Bust
(DBN)

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Aviation:

American Airlines Loses Effort to Stop Union Election --- Court says judge erred in blocking union election at American Airlines
(DBN)

American Airlines isn’t giving up in CWA battle
(DBN)

AMR CEO Horton optimistic about pilots restarting negotiations
(DBN)

Most AA customers don’t care who’s right, just if the flight’s going to be okay
(DBN)

American Airlines holds off on implementing some contract items unpopular with pilots
(DBN)

TWU to consolidate locals as American Airlines shrinks their numbers (and quits paying the salaries of union officers)
(DBN)

AMR Finds Six Jets With Clamp Error Risking Release of Seats
(DBN)

Pinnacle Airlines hearing to reject collective bargaining agreements set for Oct. 16
(DBN)

Kingfisher May Face Prolonged Shutdown
(DBN)

Price for Used Private Jets Has Fallen by Half
(DBN)

The Strange World of Abandoned Airline Luggage
(DBN)

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Health Care:

Back to court in Pittsburgh. Again.
(DBN)

Health insurer Highmark asks court to block West Penn deal talks
(DBN)

14 Recent Hospital Layoffs
(DBN)

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Accounting:

E&Y global revenues grow nearly 8%
(DBN)

Retired Accountant 'Beaten To Death' By Russian Escort Girl
(DBN)

How To Make Partner In Five Easy Steps (or Don't Give Up Now, Many Partners Are Going To Die Soon)
(DBN)

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Economy:

US companies add jobs in Sept, service sector expands
(DBN)

The American Dream Has Become a Myth
(DBN)

'I Am a Job Creator': This Is the Country I Want
(DBN)

IMF: No Global Recovery Until 2018
(DBN)

Mitt Romney wants to cap tax deductions. Here are five ways to do it --- Who’s likely to be hit by Romney’s deduction cap? The rich and middle-class urbanites --- Romney $17,000 Deduction Cap Starts Three-Part Tax Proposal
(DBN)

A few basic misconceptions about Simpson-Bowles
(DBN)

Global slowdown 'becoming a genuine possibility'
(DBN)

US Debt: How Big is It and Who Owns It?
(DBN)

What's Wrong With The Economy
(DBN)

IMF Chief Economist Says Crisis Will Last a Decade
(DBN)

Roubini: The Perma-PiÑata
(DBN)

The Myth of the American Entrepreneur
(DBN)

Happy Birthday, TARP: Thanks for (still)bailing us out
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Mortgage refinances surge to highest level since April 2009 --- LPS: Mortgage prepayment rates highest since 2005
(DBN)

The Mortgage Settlement's Big Day
(DBN)

Current Mortgage Rates
(DBN)

The Map of How Foreclosures Ate America
(DBN)

Mortgage lawsuit against JPMorgan offers refresher on basic compliance lessons
(DBN)

Economists: Housing Has Turned the Corner --- Real Estate Recovery Cycle
(DBN)

Attorney Accused of Renting Foreclosure Client’s Home to Section 8 Tenant for His Own Benefit
(DBN)

Demand For Apartments Is Slowing As An 'Avalanche' Of Units Hit The Market --- U.S. economy may be nipping at apartment sector
(DBN)

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Retailing:

Best Buy founder presses on with buyout plan
(DBN)

Bakers Footwear Files for Chapter 11
(DBN)

Bakers' Edison hopes bankruptcy will aid turnaround efforts
(DBN)

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Food/Beverage:

Food Management Systems makes offer to buy Wolfgang Candy
(DBN)

Hostess, union negotiations coming to a head --- Hostess unions forced to accept deal --- Twinkies live another day as Hostess cleared to impose contract
(DBN)

Alma Rosa Cash Flow Threatened by Bottled-up Wine
(DBN)

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Celebs:

ESPN's 'Broke' Barely Scratched the Surface of Athlete Bankruptcy --- 'Broke', and the truth about athletes and money
(DBN)

12 Outrageous Quotes From ESPN's Documentary On Athletes Going Broke
(DBN)

Why Do So Many Athletes Go Broke?
(DBN)

Arkansas coach's debt hits $40 million, filing shows
(DBN)

Schilling may have to sell the sock to settle debt over 38 Studios
(DBN)

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Distressed Investing:

Solus Expanding Bankruptcy-Claim Strategy
(DBN)

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Debt Collection:

Debt Collector Created Fake Courtroom To Coerce People To Pay
(DBN)

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Student Debt:

College Admissions Directors Not Worried About Large Student Debt Loads
(DBN)

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Distressed Investing:

The Catch 22 about CLOs
(DBN)

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Fraud:

Scott Rothstein's Uncle to Be Sentenced in Fraud Case --- Rothstein's uncle gets 4-year sentence
(DBN)

Doctor Claims Alternative Personality Was Responsible For Criminal Fraud
(DBN)

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Gambling:

Chickasaw Nation's Global Gaming Buys Bankrupt Casinos in Louisiana, Mississippi
(DBN)

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Golf:

Woodlake Golf Course gets more time
(DBN)

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Resorts:

Fontainebleau will likely become Carl Icahn's 'scrap metal liquidation effort'
(DBN)

______________

Religion:

Charles Street AME: Oops! New church filings reveal $600K in financial errors
(DBN)

Church bankruptcy mediation extended
(DBN)

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Banking:

Who is to blame for Ina Drew’s downfall? --- Why It Was So Shocking That Her Unit Lost $5.8 Billion For JP Morgan
(DBN)

What Happens When Too Many Bankers Live Under One Roof
(DBN)

Here's what's wrong with how we pay bank execs
(DBN)

Roubini: The U.S. Banking System Is Worse Off Than Ever
(DBN)

Survival plan mapped for Mile High Banks
(DBN)

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Politics:

How Income Divides Democrats, Republicans, And Independents
(DBN)

Debate: Taking Stock of Some of the Claims and Counterclaims --- Fact check: Are half of 'green' energy firms helped by stimulus out of business? ---FactCheck: Obama, Romney on Social Security --- The Part Of The Presidential Debate That Shocked The Most Wall Streeters --- Poll: Mitt Romney annihilated Obama --- Mitt Romney Hijacks The Debate --- More People Tweeted About The Presidential Debate Than About Any Other Event In US History --- What Mitt Romney Ate Before The Debate
(DBN)

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Tax:

Record $104 mln reward boosts whistle-blowing on U.S. tax cheats
(DBN)

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Brokers:

Iowa court accepts Wasendorf's guilty plea
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Business Bankruptcies Fall 22% So Far in 2012, ABI Says
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

A Federal Bankruptcy Regulator
(DBN)

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Bankruptcy Rules:

New Rules Amendments Would Excise Mention of Core or Noncore
(DBN)

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Subordination:

Second Circuit Issues Summary Order on Section 510(b)Subordination
(DBN)

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Secured Debt:

To Participate or Not to Participate: A Secured Party's Question
(DBN)

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Cross-Border:

The Unenforceability of a Foreign Court Order Releasing Non-Debtor Guarantee Claims: The Limits of the Comity Doctrine
(DBN)

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Litigation:

An Attorney's Survival Guide to Document Review
(DBN)

Quinn Emanuel Family Ties Spark Samsung Attack on Apple Juror
(DBN)

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Private Equity:

The Truth About Bain: Inside The House Mitt Built
(DBN)

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Telecoms:

Judge clears FiberTower asset auction for 5 Nov
(DBN)

With Shareholders' OK, Nextwave Sale Advances
(DBN)

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Insurance:

AIG to be designated as “too big to fail”
(DBN)

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Fuel Distribution:

Naples company refueling financially troubled Evans Oil
(DBN)

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Autos:

On auto bailout, Romney entangled by own flip-flop
(DBN)

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Corporate Reform:

Romney stresses he wants bank regulation, but slams Obama reforms
(DBN)

Grassley Turning Up Heat on Geithner Over LIBOR Scandal
(DBN)

Still Debating the Merits of Sarbanes-Oxley, 10 Years Later
(DBN)

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Maritime:

A Hedge Fund Has Physically Seized This Argentine Navy Ship
(DBN)

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Tech:

HP's outlook disappoints, shares hit nine-year low
(DBN)

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Sovereigns:

The 20 Sovereign Wealth Funds That Are Buying Up The World
(DBN)

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UK:

Lawyers withdraw attempt to bankrupt Craig Whyte
(DBN)

Rangers FC tax debt rockets by £73m
(DBN)

Former Rangers owner Craig Whyte sued for not paying his lawyers
(DBN)

RBS faces £170m hit from Spanish housebuilder collapse
(DBN)

Ceres Power fails to secure funding, may wind down ops
(DBN)

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EU:

Markets Head Into The Red Around Europe
(DBN)

EU Banks Boost Capital by $258 Billion in Anti-Crisis Fight
(DBN)

Buba Has Doubts Over Split Bank Activities
(DBN)

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PIIGS:

Portugal announces more austerity, as IMF predicts more turmoil economist sees years of turmoil ahead
(DBN)

ie: Quinn family 'still controls firms'
(DBN)

Potential Gecina bankruptcy one of largest ever in Spain --- Spain heads to London looking for investors for its bad bank --- Spain's Tax Take Tumbles as Companies Go Abroad
(DBN)

Greek hopes fade for quick deal on austerity cuts --- Big' Gap in Talks with Troika on Greek Cuts --- Troika expects Greek economy to shrink by 5pct next year, source says --- More and more Athens hotels face closure --- Greeks Hand Kids to Taxman in Protest
(DBN)

______________

Canada:

Nortel fraud case decision set for Jan. 14
(DBN)

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Japan:

Elpida says court again delays ruling on restructuring plans
(DBN)

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Australia:

Nine's debt battle escalates
(DBN)

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Kazakhstan:

Kazakh BTA bank agrees $11.2 billion debt restructuring
(DBN)

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MENA:

How does a currency drop 60% in 8 days?
(DBN)

______________

Korea:

Regulator to overhaul corporate restructuring system
(DBN)

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Copyright 2012