September 13, 2012

The Daily Bankruptcy News

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Law:

Bingham McCutchen Plans to Open Centralized Admin Office at U of Kentucky Business Park
(DBN)

Survey: Managing Partners Losing Confidence in the Economy --- Waning Confidence of Managing Partners Spells Trouble Ahead
(DBN)

2012: The Year of Pain --- Commodity Doesn’t Mean What You Think It Means
(DBN)

Law Grads to Prospective Students: Stop Obsessing over the Rankings
(DBN)

2012 Summer Associates Survey: Cut the Fun and Put Us to Work
(DBN)

A hot – and very expensive market – for high court clerks
(DBN)

Most Feared and Most Beautiful
(DBN)

What Language Is Best For Talking About the New Normal?
(DBN)

New York, California Law Differ on Who Gets Defunct Firm’s Fees in Pending Hourly Cases
(DBN)

A Prominent Deal Lawyer’s Unusual Move
(DBN)

Man Pleads Guilty to Bombing Aimed at One Am Law 200 Partner That Injured Another
(DBN)

Bank Sues Troutman, Saying Probe of Loan Details Was Negligent
(DBN)

Malpractice Claims Tied to Real Estate Deals Head List in Latest ABA Survey of Insurers
(DBN)

Haynes and Boone and partner settle suit brought by former client
(DBN)

Would You Meet New Clients Through Free Video Conferencing?
(DBN)

Everything’s Bigger in Texas — Including the Lack of Diversity in Biglaw
(DBN)

Former Univ. of Chicago law school interim dean: Obama was never offered tenure
(DBN)

Law School Transparency: How many people are getting real legal jobs?
(DBN)

If Law Graduates Had It To Do Over Again, They Wouldn’t Be So Stupid
(DBN)

BDO ordered to release Halliwells' Deloitte files
(DBN)

'Crutch Words' in Legal Writing
(DBN)

Apple Confirms Bigger Screen, Other Upgrades for iPhone 5
(DBN)

Is Apple’s iPhone 5 A Sign of the IP Apocalypse?
(DBN)

Here's Everything Apple Announced Today
(DBN)

NY Appeals Court Overturns $5M Malpractice Verdict Against Bryan Cave in Collateral Estoppel Case
(DBN)

Lawyer Loses Pro Se Case Over Backyard Swimming Pool Built Without Permit, Could Be Fined $360K
(DBN)

Lawyer Is Sued Along with Client Who Secretly Monitored Wife on Video
(DBN)

Leahy Scraps with Jones Day Lawyer Over Citizens United
(DBN)

What Is Wrong With Trenton?
(DBN)

Associates Violated Theft Statute by Taking Client Files to Jump-Start Their New Practice
(DBN)

Lawyer Sues Police for Shocking Him with Stun Gun at Code Violation Hearing
(DBN)

Self-Help Legal Sites No Match for Real Lawyer, Consumer Reports Says
(DBN)

The Legal Saga of WC Fields and His Dead Canary
(DBN)

Lawyer Loses 300 Pounds, Climbs Kilimanjaro
(DBN)

Lawyer wants to thank FBI after murder-for-hire plan targets him
(DBN)

Police bust ends 'free s-- after nine car washes'
(DBN)

Police: Woman shoves Chihuahua down pants during dispute
(DBN)

Grass Clippings?
(DBN)

Worker can sue over fall from wedding chuppah: appeals court
(DBN)

Say What?!
(DBN)

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Judges:

Judge Under Fire for Comments to Alleged Domestic Abuse Victim Decides to Retire
(DBN)

Is Antonin Scalia Still Relevant?
(DBN)

The law of love: Can a senior federal district judge preside over a wedding in Texas?
(DBN)

Bankruptcy court operations in Amarillo will move out of rented space, relocate to federal courthouse
(DBN)

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Wall Street:

Stock futures signal weaker open, Fed awaited
(DBN)

Stocks close higher as investors wait for the Fed
(DBN)

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Layoffs:

US companies bullish on a contingent workforce
(DBN)

More Jobs, Smaller Paychecks
(DBN)

14 Cities Where You Have The Best Chances Of Finding A Job Right Now
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Golub Says Obama Violated Bankruptcy Principle in GM Aid
(DBN)

Ontario government watching auto negotiations with interest
(DBN)

GM's Opel plans 1,000 staff cuts
(DBN)

Treat Delphi retirees fairly --- Another House committee jumps into Delphi pensions fight, demands documents from Geithner
(DBN)

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Brokers:

Peregrine's Wasendorf faces 50 years in prison
(DBN)

Peregrine customers to get 30-40% of money back
(DBN)

Peregrine Financial's top asset caught in dispute
(DBN)

Son of Peregrine's Founder Offers to Give Assets to Receiver --- Wasendorf & Peregrine assets headed for auction
(DBN)

Peregrine Bankruptcy Judge Approves Bulk Account Offers --- Peregrine Financial trustee's $123 mln payout moves forward --- Peregrine Trustee Offers Bargain on Money Return Plan
(DBN)

MF Global trustees ask judge to dismiss employee lawsuit
(DBN)

Corzine not likely to start a hedge fund anytime soon
(DBN)

Corzine Meets With MF Global Investigators
(DBN)

As MF Global criminal probe nears end, civil cases become likely
(DBN)

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Lehman:

Lehman Is Looking to Get Out of Austin
(DBN)

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Compensation:

CFOs Make Half of CEO Pay; Gap Widens at Big Firms
(DBN)

Sixth Circuit Affirms That Severance Is Not "Wages"
(DBN)

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Newspapers:

Journal Register opens the kimono a bit
(DBN)

Newspapers: As Useful as Buggy Whips?
(DBN)

Journal Register bankruptcy sparks debate about "digital first" strategy
(DBN)

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Personal Finance:

Five Surprising Things You Should Negotiate
(DBN)

18 Simple Ways To Save A Dollar A Day
(DBN)

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Celebs:

A Bankruptcy Court Is Selling Warren Sapp's Florida Mansion For $3.8 Mill
(DBN)

Basketball legend Oscar Robertson faces foreclosure
(DBN)

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Municipalities:

Bankruptcy Lawyer Marc Levinson on What He Tells Cities
(DBN)

Savings From California Pension Rollback May Take Years
(DBN)

Hercules misspent millions, audits find
(DBN)

Enfield, East Hartford labeled ' distressed ' towns
(DBN)

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Warranties:

US Fidelis owners form $14.1M restitution fund for consumers
(DBN)

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Trucking:

Icahn calls Navistar 'poster child for abysmal business decisions'
(DBN)

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Student Debt:

An Update on a Student Debt Case
(DBN)

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Economy:

Dollar slides, stocks subdued as Fed QE3 looms --- Fed Seen Starting QE3 While Extending Rate Pledge to 2015
(DBN)

US poverty rate holds, but household incomes dip again --- Poverty Rate Stays at Almost Two-Decade High --- Heartbreaking Facts About Poverty In America
(DBN)

Middle-class pay falls, widening income gap
(DBN)

US wholesale stockpiles rose in July
(DBN)

Census: The Gap Between The Rich And Poor Keeps Widening
(DBN)

Six Steps the Fed Will Weigh at the FOMC Meeting --- Federal Reserve's mood swings may clear way for more action
(DBN)

Pimco Sees Global Growth Slowing Amid Rising Recession Risks
(DBN)

Study: The Children Of The Rich Are More Likely To Keep Living At Home --- Why Recent Graduates Are Moving Back Home In Droves
(DBN)

Where The Bailouts Stand, In 1 Graphic
(DBN)

All $1 trillion of America's tax breaks, charted
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Banks seized fewer US homes in August
(DBN)

Firms Flock to Foreclosure Auctions
(DBN)

20 American Cities Getting Slammed By Foreclosures
(DBN)

Report: Price Gains Shrink Pool of Underwater Borrowers
(DBN)

Freddie Mac: Rising energy prices challenge housing recovery
(DBN)

Fannie Mae: Home construction jobs still years from recovery
(DBN)

Fannie Mae, Freddie Mac OK limited principal reduction in California
(DBN)

Developer of Heartland files Chapter 11
(DBN)

Judge: Union Bank can’t claim Olympic Coast Investment loans
(DBN)

San Diego Investment Firm Buys 699 Distressed Homes
(DBN)

Hilco, Gordon Brothers Slate GOB Sales for All Ritz Camera Stores
(DBN)

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Hotels:

Strategic Ouster of Hotel Operators: If You Can't Stop It, Discourage It
(DBN)

______________

Corporate Reform:

Reviving enforcement of consumer laws, regulator sprays lenders with subpoenas
(DBN)

SEC whistleblower program stricter than IRS bounty which paid $104 million to felon, former official says
(DBN)

______________

Alternative Energy:

To Be Sold To The Highest Bidder: Abound Solar Equipment Goes To Auction
(DBN)

Creditors approve BMW heir's Solarwatt takeover
(DBN)

Democrats see political motives in Solyndra subpoenas of federal workers
(DBN)

Solarwatt Creditors Approve Restructuring Deal
(DBN)

Solyndra lawsuit: Full refund to taxpayers
(DBN)

______________

Retailing:

Fashion Mall owner exiting bankruptcy with $15M cash infusion
(DBN)

A Sears Customer Was Delivered A Dishwasher With A Live Snake Taped To It
(DBN)

______________

Photography:

Antonio Perez' struggle for survival at Eastman Kodak
(DBN)

______________

Banking:

Hedge Fund Gains From JPMorgan's 'Whale' Losses
(DBN)

US Unbanked Households Rising as FDIC Pushes for Alternatives
(DBN)

Deutsche Bank crash diet focuses on costs, assets
(DBN)

______________

Lehman:

Pay A Visit To Lehman Brothers' Office - Yes, You Read That Right
(DBN)

Lehman Brothers, with $10B in real estate assets, considers best time to sell
(DBN)

______________

Health Care:

Lawsuit seeks to block Desai bankruptcy discharge
(DBN)

Americans Without Health Insurance Decline, Census Says
(DBN)

______________

Fashion:

Betsey Johnson throws herself a 70th birthday bash
(DBN)

Post-bankruptcy, Betsey just wants to have fun
(DBN)

______________

Debt Collection:

Federal Judge Certifies Class In 'Sewer Service' Suit Against NY Debt Collection Law Firm
(DBN)

______________

Derivatives:

BNY Mellon Says Derivatives May Need $4 Trillion More Collateral
(DBN)

______________

Corporate Reform:

A $4 Trillion Dodd-Frank Loophole
(DBN)

Why A.I.G. May Not Be Able to Avoid the Volcker Rule
(DBN)

U.S. Said Set to Target First Non-Bank Firms for Scrutiny
(DBN)

Knowing When, Where and How to Draw the Line Presents Significant Challenges for the CFPB’s Nonbank Supervision Program
(DBN)

Consumer financial agency quiet about enforcement — though that may soon change
(DBN)

______________

Corporate Governance:

Seeking Critical Mass of Gender Equality in the Boardroom
(DBN)

______________

Fraud:

Madoff Controller Irwin Lipkin to Plead Guilty, U.S. Says
(DBN)

Second Bank Official Tied to Sterling Financial Gets Sentenced for Fraud
(DBN)

Rothstein's wife Kim pleads innocent to charge of hiding jewelry
(DBN)

Twelve states settle with US Fidelis
(DBN)

______________

Coal:

Mine workers rally for Patriot Coal bankruptcy hearing relocation
(DBN)

______________

Education:

City College Of San Francisco Budget Meeting Spurs Protests, Threats Of Bankruptcy
(DBN)

______________

Book Reviews:

Neil Barofsky On Bailouts, TARP, and Whether It Was All Worth It
(DBN)

______________

Oil/Gas:

Chesapeake loses bid to void award over canceled Texas deal --- The Opinion
(DBN)

______________

Distressed Investing:

Capula Hires Angelo Gordon Exec. For Distressed Debt
(DBN)

______________

Food/Beverage:

Hostess workers in St. Louis and elsewhere to learn fate on Friday
(DBN)

Loyal customers vow to support Piccadilly Restaurants
(DBN)

______________

Ship Building:

DFDS cancels P+S Werften ship orders
(DBN)

______________

Golf:

DeLand golf course is sad casualty of economy
(DBN)

______________

Fashion:

Betsey Johnson Lands Reality Show
(DBN)

______________

Politics:

Romney Said Set to Blame Obama for US Credit Downgrade
(DBN)

Scott Brown, Wall Street's Hope to Stop Elizabeth Warren
(DBN)

______________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (50 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 Aurelius-Tribune; Circus & El Dorado Casino: Audio
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Venue:

Patriot Coal Seeks to Keep Reorganization in New York
(DBN)

Insights from the Courthouse: Patriot Coal Venue Change Proceedings Day 1
(DBN)

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Priority Claims:

Employee’s Only: Bankruptcy Court Rules that the Section 507(a)(5)Priority Only Covers Employee Benefit Plans Run by the Debtor
(DBN)

______________

Proofs of Claim:

Bankruptcy Perils For Lessors & Under-Secured Creditors-Proof Of Claim Challenges
(DBN)

______________

Litigation:

Forensically Examining A Lawyer’s Computer
(DBN)

7 Foods Lawyers Should Avoid in the Office, Courtroom
(DBN)

Litigation lending spurs debate over need for regulation
(DBN)

______________

Insurance:

More About the Duty to Advance and the Duty to Defend
(DBN)

______________

Finance:

Call Premiums in Bankruptcy — Maturities' Finale or a Case of Arrested Development?
(DBN)

Recent Bankruptcy Reminds Companies of Need for Use of Registered Broker-Dealers in Capital Raising Efforts
(DBN)

______________

Accounting:

Going Concern Opinions on Life Support With Investors
(DBN)

______________

Hollywood:

Judge skeptical of quick sale of special-effects firm --- Company Wins Approval of Asset Auction Timeline
(DBN)

Bad economic deal could leave state on the hook for $20M
(DBN)

Who was looking out for taxpayers in the Digital Domain deal?
(DBN)

Digital Domain’s private school suspends downtown classes, leaves students in lurch
(DBN)

Can ailing fx house fix woes in post?
(DBN)

______________

Aviation:

Ad hoc creditors group holds $885 million in AMR/AA obligations
(DBN)

AMR Bondholder Group: Who Owns How Much
(DBN)

Pilots learn American Airlines’ schedule for implementing changes --- American Airlines forces 80 new terms on pilots
(DBN)

American Airlines to freeze pension plans as of Nov. 1
(DBN)

Bankruptcy judge OKs 3 American Air labor deals
(DBN)

AMR reaches deal with regional carrier SkyWest --- SkyWest signs on with American Airlines to operate American Eagle flights --- Garton talks about SkyWest, changes at American Eagle --- ALPA chairman: This is ‘bad day’ for American Eagle pilots --- American Eagle pilots to vote on new contract
(DBN)

AMR Risks Bankruptcy Delay on Pilot Rift as US Air Waits
(DBN)

Hawker Beechcraft to close China deal soon
(DBN)

An Anonymous Pilot Reveals Secrets Airlines Don't Want You To Know
(DBN)

AA: Traffic Flat, Revenue Figure Up
(DBN)

______________

UK:

What steps should a franchisor be taking when dealing with an insolvent franchisee?
(DBN)

Creditors Could Have Access To Bankrupt Individuals’ Undrawn Pensions
(DBN)

Ex-Hammonds partner linked to police alteration of Hillsborough statements
(DBN)

Labour bids to make changes to bankruptcy rules
(DBN)

Fallen property empire forces football club into administration
(DBN)

FSA to focus on firms' insolvency plans post-RDR
(DBN)

Brits borrow £2 billion every year from payday lenders to cover essential household bills
(DBN)

The true cost of debt: People struggling to pay loans are 'three times more likely to have mental health problems'
(DBN)

______________

EU:

Germany Can Ratify ESM Bailout Fund With Conditions, Court Rules --- German Court's Backing Bailout Fund Tests EU Resolve
(DBN)

Court Ruling Doesn’t Solve Euro’s Problems --- At a Glance: German Court Ruling on Bailout Fund
(DBN)

Europe's new banking plan gets cool German response
(DBN)

ECB delves into messy world of supervision
(DBN)

______________

PIIGS:

Greek Premier Pushes for Reprofiling ECB Bonds
(DBN)

UniCredit seeks insolvency proceedings for Sopaf-sources
(DBN)

Q&A: Italy’s Economy Minister Vittorio Grilli
(DBN)

Spain Says No Urgency to Seek Bailout as ECB Eases Yields
(DBN)

ie: Drumm's brother fled country over family fears
(DBN)

______________

Canada:

Saskatchewan hog company files for bankruptcy , citing high feed costs
(DBN)

______________

Germany:

Karstadt -- Lack of Money, Excitement and Growth Equals a Slow Death
(DBN)

______________

France:

Bank of France aiming to cut up to 2,100 jobs in branches
(DBN)

France steers careful path to labor reform
(DBN)

______________

Australia:

Rinehart bankrupt advice wrong --- Take the money - Rinehart to children --- Bids to keep family feud out of court
(DBN)

Nine's lenders call in advisers
(DBN)

Australia miners slam brakes on huge pipeline of projects
(DBN)

______________

Brazil:

Brazil's FGC struggles to lure bidders to Cruzeiro do Sul
(DBN)

______________

China:

China Crash 2012: Here's How It's Finally Happening This Time
(DBN)

China's Shadow Banking System Is Collapsing
(DBN)

______________

India:

Debt-ridden parents killing kids, selves on rise
(DBN)

______________

MENA:

RBS, others sue Dubai Group over $10 bln debt
(DBN)

Arbitration case puts Dubai Group's $10b restructuring in limbo
(DBN)

Fatal Sept. 11 Attack on US Ambassador to Libya May Have Been Planned, Extremist Act, Officials Say
(DBN)

Former Bank Fraudster Admits Role In Anti-Islamic Film That Sparked Protests
(DBN)

______________

Serbia:

Financial Restructuring – A New Solution Or Reorganization In Insolvency?
(DBN)

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Copyright 2012