September 10, 2012

The Daily Bankruptcy News

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Law:

Legal Sector: 1400 jobs lost in August
(DBN)

Ropes & Gray sued for negligence
(DBN)

Partner's pay at issue in Edwards Wildman lawsuit
(DBN)

Abbey Walsh joins Freshfields
(DBN)

Demise of Dewey Eclipses Deaths of Smaller Firms
(DBN)

Bark & Co., Latham, Jones, Nelson Levine: Business of Law
(DBN)

Ashurst seeks partner cash injection after Australian merger
(DBN)

Why It Matters That Both Presidential Candidates Are Lawyers
(DBN)

Six Law School Dropouts Who Went On To Become President
(DBN)

Top LSU Lawyer Resigns From $275K General Counsel Job, Will Now Work as Law School Prof
(DBN)

Law School Transparency: Paying your dues --- How many jobs? --- Versus how many graduates?
(DBN)

Law Schools as Profit Centers
(DBN)

LSAT Scores at Top Schools Are Dropping Like Flies
(DBN)

Former Tennis Star Makes a Mark at Columbia Law School
(DBN)

Girl Postpones Law School For A Wiener
(DBN)

New law firm associates: Graduating law students face a buyer's market
(DBN)

Landing job was difficult despite UM grad's impressive resume
(DBN)

Schnader Firm Sues D.C. Attorney for $260K in Unpaid Fees For Bankruptcy Work
(DBN)

How to Use Doc Review Work to Enhance a Résumé
(DBN)

Law Firm Tech Spending Still Down, But Rising
(DBN)

Fee Request Found 'Grossly Inflated' Denied in Entirety
(DBN)

Firm Sanctioned for Action That Went 'Beyond Poor Judgment'
(DBN)

Attorney Is Charged with 1st-Degree Murder After 2010 Slayings of Her Father and His Girlfriend
(DBN)

Fowl language has woman mad
(DBN)

Illustrated Court Filing of the Day: The Sound of Silence
(DBN)

August Lawyer of the Month
(DBN)

Obama v Romney in Battle of the Tweets: Lessons for legal sector
(DBN)

Las Vegas Firm Serves Up Second Helping of Ham
(DBN)

Ex-prosecutor claims O.J. Simpson attorney tampered with glove
(DBN)

Lawyer Hit By $2 Million Judgment in Suit by "Toothless Cooties"
(DBN)

Man turns shotgun on golfers for breaking his window, wounding one
(DBN)

USA Makes Muslim Citizen Hero of His Own Kafka Novel
(DBN)

Don't Step In This Bucket
(DBN)

Say What?!
(DBN)

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Judges:

Finkle sworn in as bankruptcy judge
(DBN)

Nevada Chief District Judge (Former Bankruptcy Judge)Returns Reinhardt's Fire
(DBN)

What The Supreme Court Justices Did On Their Summer Vacation
(DBN)

Ethics Complaint Alleges Judge’s Taped ‘Shut Up’ Shout Isn’t His Only Courtroom Misstep
(DBN)

Kagan gives students a look behind the curtain
(DBN)

And The Softball Team Played On: Dewey’s Softball Team
(DBN)

Houston lawyer co-authors children's book with daughter
(DBN)

Holy Smokes, Did You Hear What He Said?
(DBN)

How Nuanced is Justice Scalia's Judicial Philosophy?
(DBN)

Obscenity case explores the limits of courtroom expression
(DBN)

The future is now: Ogletree, Deakins lawyer argues before 5th Circuit panel including a virtual Chief Judge Edith Jones
(DBN)

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Wall Street:

US stock index futures signal early losses
(DBN)

Stocks see best week since June despite jobs data
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

US Jobless Rate Drops for the Worst of All Reasons
(DBN)

The 10 highest paying jobs of the future
(DBN)

Bill Clinton On Structural Unemployment --- The young are leaving the labor force, the old are flocking to it --- Discouraged workers are not why unemployment fell --- An Awful Jobs Report for Young People --- Chart of the day, employment-status edition
(DBN)

Decoding NFP
(DBN)

Weak job growth is beyond government's control
(DBN)

Part-time nation
(DBN)

The Jobs Report In 3 Depressing Charts --- Actually, The Jobs Report Was Pretty Strong
(DBN)

Uncertainty Does Not Explain Lack of Hiring
(DBN)

Yes, We Could Make iPhones in America
(DBN)

GM Plans to Hire About 10,000 IT Workers Over Five Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hollywood:

'Titanic' Effects Maker Plunges as Bankruptcy Considered
(DBN)

Why David Bergstein’s $50 Million Legal Victory Could Backfire
(DBN)

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Autos:

Romney: Obama wasted billions on auto bailout --- Romney vows to challenge Obama on auto bailout during debates
(DBN)

Auto dealers say bailout was 'right thing to do'
(DBN)

EU Car Industry: Worst Crisis in 18 Years
(DBN)

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Media:

Emerging Tribune Co. more a TV powerhouse than newspaper owner
(DBN)

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Video Games:

Rhode Island lawmakers face political blowback from 38 Studios
(DBN)

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Student Debt:

Second Circuit to Student Loan Collectors: Know Your Bankruptcy Law!
(DBN)

Collectors deputized in student loan manhunt
(DBN)

"Fear can hold you prisoner. Hope can set you free."
(DBN)

A Big Default Problem, but How Big? --- One in six default on US student loan payments
(DBN)

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Food/Beverage:

No way to sugarcoat decision at Hostess
(DBN)

Van Peenen's Dairy goes into liquidation
(DBN)

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Celebs:

The Broke and the Beautiful: Toni! Toni! Toní! Edition
(DBN)

John Mayer sued in Seattle Ponzi scheme, may have as much as $465,000 dirty money in his possession
(DBN)

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Telecoms:

LightSquared Debt Holders Want Phil Falcone To Give Up Control Of The Company's Bankruptcy
(DBN)

Lenders blast LightSquared bid to pay bonuses to insiders
(DBN)

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Economy:

(Fewer)Jobs, Jobs, Jobs --- Work Force Participation Is At A 31-Year Low
(DBN)

Romney Says He'll Cut Deductions, Not Taxes on Earners
(DBN)

Four ways President Obama has failed US on the economy
(DBN)

Why Men Will Never Fully Recover From The Great Recession
(DBN)

U.S. Consumer Spending Climbs Close to a Four-Year High
(DBN)

Twenty Big Trends That Will Dominate America's Future
(DBN)

Global Debt
(DBN)

JP Morgan: Global Growth Is Bottoming
(DBN)

Women Are Now The Dominant Gender And It's Turning The World Upside Down
(DBN)

In U.S., Half of Women Prefer a Job Outside the Home
(DBN)

Never Been an Economic Slump Like This
(DBN)

Bailout Numbers Every American Should Know
(DBN)

Four Years Ago? Worse Off Than Last Year
(DBN)

Who is speaking for the poor?
(DBN)

America's hidden austerity program: public sector layoffs
(DBN - NY Times - Paywall Limit Possible)

Wealthy Work to Avoid Health-Care Law's 'Mini-Cliff'
(DBN)

AIG share sale to net US Treasury $18bn --- Timeline-The government's rescue and sale of AIG
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Home Mortgage Rates Remain Near Record Lows
(DBN)

Home prices are up versus a year ago in 13 major cities
(DBN)

Housing on Mend, but Full Recovery Is Far Off
(DBN)

Investors cash-in on land deals as U.S. housing picks up
(DBN)

How to Find Weeds in a Mortgage Pool
(DBN)

Ocwen reduces principal on old Saxon mortgages
(DBN)

LPS: Home prices up 4% in 2012
(DBN)

Barron’s: Home Prices Heading Up 7%
(DBN)

Fed Study Indicates Benefits from Speeding Foreclosure Process
(DBN)

Eminent Domain Plan Expanded to Distressed Loans --- MRP could net 30% profit on expanded eminent domain plans
(DBN)

Washington Supreme Court Holds MERS Not A Beneficiary Under State Law
(DBN)

IRS Agent Admits to Squatting in Own Home After Filing Bankruptcy
(DBN)

Home Elderly Couple Built From Scratch Mistakenly Foreclosed
(DBN)

Orlando: Troubles shadow city-backed Plaza towers
(DBN)

Lehman to sell office buildings
(DBN)

Second Circuit Hands Subprime Mortgage-Backed Securities Plaintiffs Substantial Standing Victory
(DBN)

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Alternative Energy:

Bankruptcy judge clears way for vote on Solyndra reorganization
(DBN)

Report: Solyndra backers could get more tax breaks --- US may fight Solyndra tax breaks in bankruptcy plan
(DBN)

House to consider 'No More Solyndras Act'
(DBN)

Who wins Solyndra message war?
(DBN)

Solyndra In the House at DNC
(DBN)

Houston Bioenergy Company Terrabon Files for Chapter 7 Bankruptcy Protection
(DBN)

______________

Aviation:

Flight Attendants At American Eagle Ratify Bankruptcy Agreement
(DBN)

American Eagle seeks to break 3 union contracts
(DBN)

Creditors committee: We don’t really have to have labor contracts to exit bankruptcy --- We’re not going to wait forever for a pilots’ deal
(DBN)

Horton: We’re moving into the last phase of our restructuring
(DBN)

Creditors expect merger decision on AMR by year-end --- US Airways shares up on American merger talk
(DBN)

Jack Butler talks consensual agreements, short fuses, equity stakes
(DBN)

Hawker seeks $2.9 million land sale to city of Wichita
(DBN)

Airline CEO Calls His Customers Idiots
(DBN)

The TSA Needs to Inspect Your Airport Coffee — Yes, The Cup You Bought AFTER Going Through Security
(DBN)

Things You Can't Do on a Plane: Vol. 24
(DBN)

______________

Debt Collection:

Debt Collectors Cashing In on Student Loan Roundup
(DBN)

______________

Photography:

New Details Emerge in Kodak Bankruptcy
(DBN)

______________

Personal Finance:

How 3 Stay-At-Home Moms Balance Business And Family
(DBN)

______________

Municipalities:

Stockton bankruptcy case could test security of public pensions
(DBN)

Atwater Finances Looking Grim
(DBN)

Alabama's Jefferson County, Banks Sued by Ratepayers
(DBN)

Volunteers try to fill growing hole in San Bernardino's service levels
(DBN)

2 Of 3 Most Diverse Cities Have Gone Bankrupt
(DBN)

"Detropia": Can Detroit be saved?
(DBN)

Harrisburg City Council fires treasurer --- Fired while on vacation
(DBN)

Harrisburg Judge Puts Court-Ordered Tax Increase on Hold --- Harrisburg Receiver William Lynch joins city council in requesting reconsideration of tax hike ruling --- Harrisburg , Penn.'s tax hike delayed after truce struck
(DBN)

Chicago Teachers Unions Strike — First One In 25 Years
(DBN)

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Book Review:

Jeanne Marie Laskas Goes To Hidden America
(DBN)

______________

Movie Reviews:

The Best Movie Yet About The Financial Crisis
(DBN)

______________

Shipping:

Ship Magnate Uses Gut in $11 Billion Bet Worst Since ’70s Ending
(DBN)

______________

Religion:

US bishop guilty of not reporting child abuse refuses to resign
(DBN)

______________

Banking:

First Commercial Bank, Minnesota, Closed By Regulators
(DBN)

______________

Fraud:

SEC Must Defend Negligence Lawsuit Over Stanford Ponzi Scheme
(DBN)

Five Floridians receive multiple charges filed in Rothstein Case
(DBN)

SEC, CFTC charge manager who boasted success amid Madoff loss
(DBN)

Rajaratnam's insider trading appeal set for Oct. 25
(DBN)

Why Some CEOs Survive Wall Street Scandals
(DBN)

Former UBS Trader Faces Trial Over $2.3 Billion Losses
(DBN)

______________

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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Miscellaneous:

Rochelle on Dynegy, Dewey & LeBoeuf, Dewsnup v. Timm: Audio
(DBN)

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Bankruptcy Statistics:

WDNY bankruptcy filings fell again in August
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Bonuses:

Court Holds An EBITDA-Based Bonus Plan Could Be Paid As An Ordinary Course Transaction
(DBN)

______________

Bankruptcy Reform:

Peter Pantaleo to Chair Advisory Committee to the American Bankruptcy Institute’s Chapter 11 Reform Commission
(DBN)

______________

Plan Confirmation:

Plan Accordingly: After Finding “Artificial” Impairment, Court Finds That Plan Proposed In Bad Faith
(DBN)

______________

Avoidance Actions:

Ordinary-Course Decision Raises "Preinsolvency" Transfer Issues
(DBN)

______________

Adequate Protection:

Crediting of Unnecessary Adequate Protection Payments to Undersecured Creditor's Claim Creates Oversecured Creditor
(DBN)

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Tax:

Appeals Court Upholds Tyco's Tax Claim Against CIT --- The Opinion
(DBN)

______________

Brokers:

PFG trustee files motion to distribute some customer funds
(DBN)

Peregrine Financial assets far less than estimated --- SpongeBob coins among missing Peregrine assets
(DBN)

______________

Hedge Funds:

Fletcher International Will Have Bankruptcy Case Trustee
(DBN)

______________

Small Business:

Are the Big Banks Keeping Their Commitment to Small Businesses?
(DBN)

______________

Coal:

Producers shut mines, shed jobs as coal faces 'perfect storm'
(DBN)

______________

Horticulture:

Collateral damage in the Waterloo Gardens bankruptcy
(DBN)

______________

Credit Reporting:

Despite new guidelines, short-selling buyers’ FICO scores will take a hit
(DBN)

______________

Accounting:

When Should Accountants Spill the Beans?
(DBN)

______________

Politics:

Race for President Boils Down to 10 States --- A glance at the economy in contested states
(DBN)

Returning US Congress Faces a Crush of Big Tasks
(DBN)

______________

UK:

Insolvency calls rising
(DBN)

UK Industrial Output at 25 Year High
(DBN)

£93m debt crisis that is crippling North Wales households
(DBN)

Treasury leads inquiry into invoice 'abuses'
(DBN)

Landlord creditors and the Travelodge CVA
(DBN)

______________

EU:

IMF backs ECB's plan to buy bonds
(DBN)

Germany should back growth or leave euro-Soros
(DBN)

German MP makes new court complaint against euro plans
(DBN)

Why The Latest ECB Move Was A Game-Changer
(DBN)

Euro Weakens Before Samaras Meeting With Greece's Creditors
(DBN)

______________

PIIGS:

Italy does not risk losing market access: economy minister --- Italy's Grilli Welcomes Potential IMF Role in ECB Plan --- What Two Pasta Factories Tell Us About The Italian Economy
(DBN)

Thousands of Greeks protest against new round of austerity cuts --- Greek Judges Will Strike Over Pay Cut Plan --- Greek PM: Painful cuts will restore credibility --- Greece Freezes Assets in Grab for Tax Money --- Giant bank plan was put aside --- Greece's govt discusses spending cuts --- Merkel Calls for Solution to Keep Greece in Eurozone --- Greece's lenders object to parts of its austerity plan --- Troika and Greece Can’t Agree on Spending Cuts --- The Drach Card and Greece’s Permanent Austerity --- Samaras Says Greece Needs Cash – Fast
(DBN)

CDS faces Spanish banks test
(DBN)

______________

Canada:

In Canada, legacy of Lehman’s collapse lives on in ultra-low interest rates
(DBN)

______________

China:

China: Inflation jumps as economy slows
(DBN)

China's industrial production increased by 8.9% yoy in August 2012
(DBN)

______________

Israel:

Tel Aviv court asked to appoint receiver for ATP unit
(DBN)

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Iceland:

Iceland Shows Other Europeans How to Survive Bankruptcy
(DBN)

______________

Slovenia:

Slovenia heads to last chance saloon
(DBN)

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MENA:

The Arab Spring is Officially Dead
(DBN)

______________

Australia:

Mining giants axe 900 jobs
(DBN)

Businesses hit wall
(DBN)

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Nigeria:

Nigeria: Insolvency & Restructuring
(DBN)

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Copyright 2012