September 11, 2012

The Daily Bankruptcy News

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Law:

Fall Frenzy: Law Students Elbow for Summer Shot at Biglaw Gig
(DBN)

Are Law Firms Unnaturally Mean?
(DBN)

Apple’s Krall, Latham, Gardere, Simpson Thacher: Business of Law
(DBN)

The Coveted Summer Job
(DBN)

Growth Is Dead: Part 2
(DBN)

Engaging the Client, Before and After You’re Retained
(DBN)

Cadwalader ramps up rebuild with Linklaters restructuring hire
(DBN)

Former Connolly Bove Partners Launch New Del. Firm
(DBN)

Legal action initiated to recover Dewey money
(DBN)

More Frequent and Elaborate RFPs a Challenge for Outside Counsel
(DBN)

The GC's (Irrational?)Fear of Alternative Fee Arrangements
(DBN)

Seyfarth Wins Dismissal of Thelen Trustee’s Unfinished Business Claims
(DBN)

Atlanta: 'New normal' is back to normal: Firms stick to last year's class sizes
(DBN)

Survey of in-house lawyers finds two Texas firms on list of most feared litigation firms
(DBN)

Would-Be Summer Associates Work Harder for Jobs; Ex-Salesman Taps His Skills
(DBN)

Keeping the Peace: How Associates and Partners Can Work Together Without a Battle
(DBN)

A Newer Approach for Compensating Non-Equity Partners
(DBN)

Android Apps Every Lawyer Should Have
(DBN)

In iPhone 5 and Beyond, No Revolution
(DBN)

Law School Transparency: How reliable are law school employment numbers?
(DBN)

An Interview With Oscar-Winner Errol Morris, Author of ‘A Wilderness of Error’
(DBN)

Departure Memo of the Day: Leaving Is Its Own Reward
(DBN)

Whoa, This Zombie Law Thing Is Kind of Taking Off --- Lawyer Pitches Zombie Law Casebook, Following Others Who Have Linked Lawyers to the Undead
(DBN)

Parents Claim Olympic Heroine Defamed Them
(DBN)

Lawyer Charged in Dad’s Murder Allegedly Used Forged Health Care POA to Deny Him Treatment
(DBN)

Stephen Baldwin Sues Kevin Costner's Lawyer Over Oil Spill Cleanup Buyout
(DBN)

Sham Declaration Dooms Chuck Yeager's Case
(DBN)

Former Office Manager Gets 10 Years for Embezzling More Than $500K from Suburban Chicago Law Firm
(DBN)

Former Bankruptcy Lawyer Opens Superhero-Themed Karaoke Bar
(DBN)

The Producers of Dog the Bounty Hunter Film Brooklyn Public Defenders at Work
(DBN)

Company Says CFO Used Charges For "Office Supplies" To Swipe Money To Hire A Hit Man To Kill His Wife
(DBN)

Woman Fights for Her Cockatoo's Right to Call Neighbor a 'F------ W----'
(DBN)

Is That A Loris In Your Pants, Or ...
(DBN)

A Young Woman Was Arrested For Allegedly Posing As A Columbia Freshman For Two Weeks
(DBN)

Say What?!
(DBN)

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Judges:

Justice Kagan at the University of Michigan Law School --- Elena Kagan disrobed
(DBN)

The Benchslap Dispatches: Justice Scalia on Judge Posner’s ‘Hatchet Job’
(DBN)

How Chief Justice John Roberts Will Handle Obamacare
(DBN)

Backers of secret Delaware arbitrations see grounds for appeal
(DBN)

Woman Groped by Cop Objects to Judge’s Advice on Visiting Bars and Grocery Stores --- ‘Bad Things Can Happen in Bars’
(DBN)

Controversial West Virginia Judge Faces New Charges
(DBN)

Lessons in Carjacking
(DBN)

Firm sued over judge's removal
(DBN)

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Wall Street:

Stock index futures signal firmer open
(DBN)

Markets In Europe Are Diving
(DBN)

U.S. stocks modestly down ahead of Fed
(DBN)

Greece Overshadows Stimulus Bets
(DBN)

The Most Bizarre Ways To Get In Trouble At Your Wall Street Job
(DBN)

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Layoffs:

Bankruptcy Courts Address New York State WARN Act
(DBN)

HP To Cut 2,000 More Jobs --- Expands Job Cuts From Reorganizing to 29,000
(DBN)

Kodak to Cut 1,000 More Jobs; 2 Top Executives Exit
(DBN)

Philips axes 2,200 jobs
(DBN)

Layoffs Watch ’12: Deutsche Bank
(DBN)

Ford to add 1,200 workers at Detroit plant
(DBN)

Manufacturing Jobs Boom is for Real
(DBN)

Not enough jobs? Blame the government
(DBN)

Corporations Are Resetting The Very Nature Of The Labor Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Beware of your fruits and vegetables: The nondischargeability of PACA related debts in bankruptcy
(DBN)

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Aviation:

APFA says 901 flight attendants have opted for early out as of Friday
(DBN)

American Airlines to close Alliance maintenance base by mid-December
(DBN)

American Airlines to cut 839 jobs at Tulsa maintenance base
(DBN)

American Airlines tells pilots’ union how it will begin implementing changes, in broad terms
(DBN)

Allied Pilots Association approves motion to send out strike ballot --- APA board directs union to hold a strike vote
(DBN)

Japan Airlines Prices IPO at $8.5 Billion amid Demand
(DBN)

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Food/Beverage:

Hooters CEO Thinks Dark Wood Paneling Is The Reason You Don’t Bring Your Wife, Female Colleagues, HR Around
(DBN)

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Credit/Debit Cards:

Fitch: U.S. Credit Card ABS Delinquencies Drop to Record Low; Are Chargeoffs Next?
(DBN)

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Distressed Investing:

Robus Capital Hires Andreas Jaufer for Distressed Debt Fund
(DBN)

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Economy:

Bernanke Has Already Told Us: More Stimulus Is Coming
(DBN)

Fed Stuck at Zero Into 2015 Seen in Swaps, QE Odds Reach 99%
(DBN)

Consumer credit drops for first time in 11 months --- Even as Student Loans Grow
(DBN)

The wealthy are 288 times richer than you
(DBN)

Economy Slump Pushing Many Down Ladder
(DBN)

IMF Chief Highlights Perils of US Fiscal Cliff
(DBN)

Former Treasury official: AIG no longer 'too big to fail' --- US rescue of AIG: A backdoor bailout of Wall Street proves to be a success
(DBN)

AIG share sales net US Treasury $12bn profit --- Plot Twist in the AIG Bailout: It Actually Worked --- AIG bailout profits came with a price
(DBN)

Big Step in Selling A.I.G. Stake, but Other Bailouts Remain
(DBN)

More people taking retirement benefits early
(DBN)

US Debt Clock
(DBN)

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Real Estate:

2 Florida Attorneys Take Plea in Federal Mortgage Fraud Case
(DBN)

Who Owns the Rents? Recent Cases Highlight Uncertainty as to Effect of Mortgage Rent Assignments in New York Bankruptcies
(DBN)

Eagle Hospitality, Blackstone Reach Compromise: Sell Instead of Foreclose
(DBN)

Fannie’s Big Foreclosure Sale: Maybe Not So Big After All
(DBN)

Ninety-Nine Markets Beating the Housing Bust
(DBN)

Putback Threat Reduced for Lenders Under New U.S. Mortgage Rules
(DBN)

More Seniors Turn to Risky Reverse Mortgages
(DBN)

LPS: Mortgage Delinquency Rate Continues To Decline
(DBN)

Triaxx's spoiler play in ResCap MBS deal
(DBN)

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Retailing:

Ritz Camera Liquidation Approved After Second Bankruptcy --- To liquidate after 94 years
(DBN)

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Photography:

Kodak job cuts continue in bid to leave bankruptcy --- Already Fired 2,700 In Bankruptcy
(DBN)

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Mass Torts:

Transocean Had Talks to Settle U.S. Spill Case for $1.5 Billion
(DBN)

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Newspapers:

The Journal Register debacle: why Chapter 11 comes before 'digital first'
(DBN)

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Resorts:

Paulson Resorts Can Be Auctioned With GIC Bid, Judge Says
(DBN)

______________

Movie Reviews:

A Brutal Debt Collector's Story Wins Golden Lion At Venice Film Festival
(DBN)

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Book Reviews:

Financial Failure Fiction (and Poetry)
(DBN)

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Health Care:

37% of Massachusetts Hospitals Lost Money in FY 2011
(DBN)

Medical debt still problem in Massachusetts
(DBN)

Collection Agency To Collect Health Care Debts With Dignity, Respect
(DBN)

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Fraud:

SEC has duty to report Ponzi fraud to SIPC, judge rules --- Federal Judge OKs Suit Against SEC re Alleged 12-Year Delay Alerting SIPC of Allen Stanford Fraud --- Here's That Humdrum Order
(DBN)

Documents Show Former SEC Official Aided Former Targets
(DBN)

Disbarred Lawyer Scott Rothstein’s Wife Charged With Trying to Keep Feds From Seizing $1M in Jewelry
(DBN)

______________

Prisons:

Wells Fargo Wins $30 Million, Receivership in MDI Lawsuit
(DBN)

______________

Banking:

Banks Grow Amid Cutbacks in London-New York
(DBN)

Before Scandal, Clash Over Control of Libor --- Central bankers agree to initiate Libor inquiry --- Don’t Let Libor Bankers Police Themselves
(DBN)

Retail Banking Videos On YouTube: Weird, Wacky & Wonderful
(DBN)

Dexia asks Brussels to extend its guarantee -paper
(DBN)

______________

Autos:

GM Backs Opel as New Chief on Hot Seat Pledges Turnaround
(DBN)

GM Denies Report that it Loses $49,000 on Each Volt
(DBN)

Peugeot needs recovery plan, job cuts -govt report
(DBN)

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Turnarounds:

SuperValu hires AlixPartners to advise in corporate turnaround effort
(DBN)

______________

Defaults:

U.S. Default Rate Rises to 3.5% as Junk Bond Yield Falls to 6..57%
(DBN)

______________

Luxury:

Burberry Rattles Luxury Industry as Growth Slows
(DBN)

______________

Media:

Tribune Creditors Denied Bankruptcy Bond Appeal Again
(DBN)

______________

Games:

It's Not All Fun and Games in Chapter 11
(DBN)

______________

Compensation:

The Problem with Bankers' Pay
(DBN)

______________

Lehman:

Lehman Brothers, We Heard You Were Dead
(DBN)

Bank of NY Mellon fails to end lawsuit linked to Lehman
(DBN)

______________

Tax:

IRS issues ruling on UBS tax whistleblower case
(DBN)

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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 (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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 Fewer Bankruptcies, Jefferson County, K-V: Audio
(DBN)

***Win Rudy's Yankees Tickets...***
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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UST:

Director Addresses Annual Meeting of the National Association of Bankruptcy Trustees
(DBN)

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Consumer Bankruptcy:

A Valuable Resource: NCBRC.org
(DBN)

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Litigation:

US Chamber Report On State Lawsuit Climates
(DBN)

Benchmarking Document Review
(DBN)

Recent Decisions Provide Lessons for Litigators on ESI Fundamentals
(DBN)

______________

Insurance:

Does collaboration on claims create antitrust risks?
(DBN)

______________

Construction:

General Contractor Objects to AAI's Motion to Sell
(DBN)

______________

Accounting:

KPMG strikes out in bid to toss Texas Rangers fraud suit
(DBN)

Revenue Recognition Leading Cause of Restatements
(DBN)

______________

Brokers:

CFTC Faults Peregrine Trustee's Distribution Plan
(DBN)

CFTC Urges Delay on Returning Peregrine Funds
(DBN)

Probe of PFG finances uncovers missing silver SpongeBobs
(DBN)

Peregrine's Wasendorf Cooperates, Receiver Says
(DBN)

CME reopens claims process for MF Global customers
(DBN)

______________

Municipalities:

SEC lawyer keeps eye on Stockton
(DBN)

San Bernardino: Silly moments in serious hearings
(DBN)

Harrisburg Plans to Skip Payment for Second Bond Default
(DBN)

Vadnais Heights Breaks Pledge in Downgrade Debacle
(DBN)

A Closer Look At Groton's Economic 'Distress'
(DBN)

Sleepy Muni Credit-Default Swap Space May Be Waking Up
(DBN)

Goldman Sachs loses $20 mln fee for El Paso deal
(DBN)

School district faces insolvency
(DBN)

Chicago Teachers Hit the Picket Line
(DBN)

The 10 Cheapest Cities In America
(DBN)

______________

Celebs:

Warren Sapp's mansion being sold by bankruptcy court (Pictures)
(DBN)

______________

UK:

UK business confidence plummets to lowest level for 20 years
(DBN)

Barclays boss vows to be quick and bold in reform plan
(DBN)

800 redundancies as Duff & Phelps to close Allders
(DBN)

FSA fines BlackRock £9.5m for client money failings
(DBN)

______________

EU:

The Euro Crisis is Not Over
(DBN)

George Soros: 'It's 5 Minutes Past Midnight'
(DBN)

Germany Hopeful Court Will Bless Euro Rescue Fund
(DBN)

German high court: No delay in bailout decision
(DBN)

______________

PIIGS:

Greek PM meets austerity inspectors on new cuts --- Shocking scale of tax-dodging bleeds Greece dry: Self-employed failed to pay £22bn in 2009 - a third of the country's then-deficit --- In a Greek junkyard, signs red tape defeating cuts
(DBN)

Spain fights back over bailout terms --- Investors wary after Spanish PM warns he won't 'cross certain red lines'
(DBN)

______________

Canada:

A Bird In the Hand: Ontario Superior of Court of Justice Affirms Sales Process and Rejects Late Higher Bid
(DBN)

______________

France:

Rescued French bank's staff to protest job cuts threat
(DBN)

France Planning $26bn in Tax Hikes
(DBN)

______________

Brazil:

Brazil bankruptcy requests fall in August
(DBN)

No bidders for Brazil's Cruzeiro as deadline looms
(DBN)

______________

MENA:

Middle East Debt Defaults: Here's The Real Reason There Are Abandoned Luxury Cars Around The UAE
(DBN)

______________

Mexico:

Mexico's Cemex strikes debt deal, eyes more asset sales
(DBN)

______________

Australia:

Late payments show business strain
(DBN)

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Copyright 2012