September 18, 2012

The Daily Bankruptcy News

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Law:

Ex-Howrey Lawyers Stick Together
(DBN)

Former Dewey Leaders Seek to Limit Personal Liability --- Dewey's Dodgers Bankruptcy Team in Settlement Talks with Estate --- Proposed $71M Dewey Clawback Deal Gives Nod to Jones Day Partners’ Fraud Claims --- Dewey proposes $220k in bonuses for finance staff --- Dewey Proposes $165,000 Bonus For Finance Director Canellas --- Citibank disputes it hid Dewey & LeBoeuf financial woes from ex-partners --- Dewey Know Who’s Next? (Reprise)
(DBN)

The $280,000 Signing Bonus
(DBN)

Report: Law Firms Struggling to Keep Up with Rising Expenses
(DBN)

Baker Botts, Clifford Chance, Royal Lawyers: Business of Law
(DBN)

KEL bankruptcy partner files Chapter 7 bankruptcy
(DBN)

Vorys Continues Houston Office Expansion with New Bankruptcy Partner
(DBN)

Bernstein Shur Welcomes Roma N. Desai
(DBN)

BigLaw Firm in Chicago Shrinks After Merger
(DBN)

Post-merger stutter for Chicago lawyers
(DBN)

The Practice: Other Things Essential to Your Law Practice — People
(DBN)

Turning Lawyers Into Liars
(DBN)

Delaware Supreme Court Should Revisit $304 Mln Legal Fee
(DBN)

At Holland & Knight, lobbyists no longer have corner offices
(DBN)

Using Alternative Fee Arrangements to Increase New Business
(DBN)

Rules for Law School Refunds
(DBN)

The Law School 'Shark Tank' Is Literally Driving Students Crazy
(DBN)

Scared Law Student Jumps The Gun
(DBN)

A law school survival guide
(DBN)

Book asks: Are you sure you want to go to law school? Really?
(DBN)

Need a job? Get connected
(DBN)

13 Underrated Apps You Need To Download Right Now
(DBN)

60 Apps in 60 Minutes for Judges
(DBN)

On Constitution Day, Americans Like The Constitution Just The Way It Is, So Long As It Says What They Like
(DBN)

Attorneys Wage Scorched-Earth Legal Battle Over $11K Share of ‘Millionaire’ Show Winnings
(DBN)

Olson readies his best Biden impersonation
(DBN)

Comment of the Week: I Don’t Think Adopted Means What You Think It Means
(DBN)

Counsel Will Waive Hefty Legal Fees If Mass. Doesn’t Appeal Inmate’s Sex-Change Surgery Award
(DBN)

$90,000 for a Bogus Liz Dress, Collector Says
(DBN)

50 Shades of Admin Law
(DBN)

Subpoenaed Lawyers Can Keep Fighting for Records
(DBN)

Ku Klux Klan sues Georgia after bid to 'adopt' road is denied
(DBN)

Customer Sues Walmart For A 'Humiliating Ordeal' At The Hands Of Two Employees
(DBN)

Golf Course Brawl Could Cost a Leg
(DBN)

Say What?!
(DBN)

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Judges:

Harwood named state's next bankruptcy judge
(DBN)

Toobin on Roberts
(DBN)

David Souter Gets Rock Star Welcome, Offers Constitution Day Warning
(DBN)

Phila. Traffic Judge Indicted, Accused of Role in Misuse of State Grant Funds by Community Groups
(DBN)

Thomas Talks of Constitution’s Limit on ‘We the People’ --- Thomas concedes that ‘we the people’ didn’t include blacks
(DBN)

What a young Clarence Thomas wanted to be when he grew up
(DBN)

Alito Tells of Frustration over Media Mistakes and Bumper-Sticker Spin --- "I thought this was a wonderful idea "
(DBN)

Scalia Was ‘Enraged’ at Roberts’ Switched Vote on the Health Law, New Book Says
(DBN)

Interview: Justice Antonin Scalia and Professor Bryan A. Garner
(DBN)

White House Says It's Unconstitutional To Strike Down The NDAA
(DBN)

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Wall Street:

Stock index futures signal early dip
(DBN)

Markets Are Getting Crushed
(DBN)

Wall Street falls on weak energy prices --- Stocks follow overseas markets lower, Apple hits new high
(DBN)

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Layoffs:

Workers less worried about losing jobs, still unhappy with pay
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Brokers:

Peregrine CEO to stay jailed as gov't balks at release
(DBN)

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Food/Beverages:

More than 90 percent of Hostess' bakers' union members rejected pact --- Hostess, Teamsters reach deal; other union isn’t happy --- Teamsters OK CBA, save Hostess from liquidation --- Ding Dong vs the Ho Ho: Hostess labor fight continues
(DBN)

Beef Producers Want $1.2 Billion for ABC News 'Pink Slime' Reports
(DBN)

Justice meated out
(DBN)

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Orchestras:

Ticketholders of bankrupt Syracuse Symphony Orchestra told to file claims in court
(DBN)

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Cable:

Contec holdings files for bankruptcy in Delaware
(DBN)

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Defaults:

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

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Protests:

Occupy anniversary protests fall flat
(DBN)

Occupy Wall Street, One Year Later: Lessons for Corporate America and Its Counsel
(DBN)

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Economy:

Here Comes the Big Manufacturing Slowdown
(DBN)

New York Manufacturing Level Keeps Falling
(DBN)

Fed action a welcome move for small businesses
(DBN)

The 47% Of The Population Who Don't Pay Federal Income Tax
(DBN)

Mitt’s economic adviser spills beans on middle-class tax hike
(DBN)

Report: State and local government employees making more than private
(DBN)

US Debt Clock
(DBN)

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Real Estate:

For-Sale Listings Drop Again, Led by California Cities
(DBN)

Massachusetts foreclosure filings hit 2012 low
(DBN)

Underwater mortgages drop by 1.3 million. How much could that boost the economy?
(DBN)

Closing Lawyer Gets 7 Years in $431K Mortgage Fraud; His Counsel Says He Earned Only His Legal Fee
(DBN)

Bank accuses real-estate lender Berjac of deception while seeking loan before bankruptcy
(DBN)

First big victim of 2nd Circuit's MBS standing opinion: JPMorgan
(DBN)

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Autos:

General Motors pushing U.S. to sell stake: report --- Obama's wistful GM exit strategy --- GM, government not discussing share sell-off plan --- US Treasury stake not the millstone GM makes out --- GM's Catch-22 Has Only One Answer --- Let’s Help Treasury Get Out Of GM
(DBN)

The World Has Changed for Detroit and Unions
(DBN)

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Retailing:

Syms emerges from Chapter 11 bankruptcy protection
(DBN)

Marcy's $17M 'educates' Syms creditors
(DBN)

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Banking:

Regulators Should Add Bankruptcy Code, Hildebrand Says
(DBN)

Probe focuses on JPMorgan's monitoring of suspect transactions
(DBN)

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Municipalities:

Moody's revises Syracuse, NY GO bond outlook to negative
(DBN)

Council talks trash services amid bankruptcy --- Union mailer shaky on 'facts'
(DBN)

Stockton’s Newest Chief Financial Officer Says She’s Ready For Challenge
(DBN)

Jefferson County group representing sewer customers re-files claim to cut sewer debt
(DBN)

The Subtle Slide into Municipal Bankruptcy
(DBN)

Bakersfield hockey team makes light of Stockton's bankruptcy
(DBN)

Map Showing How Municipal Bankruptcy Has Torn Through The US
(DBN)

Chicago Mayor Seeks Injunction to End Teachers Strike; Judge Delays Hearing --- Emanuel's court bid to end strike stalls, teachers call it "vindictive"
(DBN)

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Lehman:

JPMorgan Sued by Lehman Over $2.2 Billion Derivatives Claims
(DBN)

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Telecoms:

LightSquared Lenders Pursue Harbinger Fight
(DBN)

House Panel Sets Friday Hearing on Probe of Lightsquared Deal
(DBN)

Broadview Networks gets court approval of $25m loan
(DBN)

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Corporate Reform:

CFPB received fewer consumer complaints than expected for 2012
(DBN)

Consumer Financial Protection Bureau announces Consumer Advisory Board members
(DBN)

Whistleblower Claims Siemens Hired Gangsters To Attack Him
(DBN)

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Aviation:

Unhappy pilots? American Airlines reduces schedule in the face of spike in late flights, cancellations
(DBN)

Pace Airlines trustee asks for permission to destroy records
(DBN)

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Lehman:

That Lehman Moment Turns Four
(DBN)

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Personal Finance:

How A Hollywood Screenwriter Haggled His Way Out Of $222,000 Of Debt
(DBN)

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Tech:

Elpida accused of dodgy deals with US assets
(DBN)

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Video Games:

Legal fees mounting in 38 Studios case
(DBN)

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Debt Collection:

Blurring the Line Between DAs and Debt Collectors
(DBN)

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Consumer Debt:

One More Black Eye For Payday Lenders
(DBN)

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Corporate Governance:

Survey: Directors Work Harder, and Fret About Risk
(DBN)

______________

Celebs:

Prince Failed to Comply With IRS Summons Over Taxes, U.S. Says
(DBN)

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Fraud:

This convicted Ponzi schemer never should have asked for letters of recommendation
(DBN)

______________

IP:

Apple, RIM get green light to intervene in Kodak appeal
(DBN)

Kodak should hand Antonio Perez a pink slip
(DBN)

______________

Bankruptcy Crimes:

Former Denver Attorney Sentenced for Financial Fraud
(DBN)

Why Breaking the Bankruptcy Law is a Serious Matter
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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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Miscellaneous:

Harvey Miller on Lehman, Kodak Bankruptcies
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Substantial Contribution:

Fee applicant must show lack of self-interest in Tropicana case, 3rd Circuit rules
(DBN)

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Avoidance Actions:

Attorneys Use Ruling From 1601 in Fight About Mob Artifacts
(DBN)

______________

Discharge:

Ninth Circuit Holds that Non-Dischargeability Actions are not Subject to Arbitration
(DBN)

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Professional Compensation:

Show Me the Money! Fee Enhancements in the Fifth Circuit
(DBN)

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Litigation:

eDiscovery Review Strategies
(DBN)

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Receivers:

Barnes & Thornburg Partner Sued Over Receivership Role
(DBN)

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Insurance:

D&O Insurance for Initial Public Offerings -- What Every Director Needs to Know
(DBN)

Court Orders Rehabilitation for Home Value Insurance Co.
(DBN)

How excess carrier insurers are escaping covering class action costs
(DBN)

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Photography:

Kodak not reinstating pension lump sums this year
(DBN)

______________

Weather:

Arctic experts predict final collapse of sea ice within four years
(DBN)

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Coal:

In letter to Patriot, Jay expresses concern for miners, retirees
(DBN)

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Health Care:

Medical Products Maker Files Bankruptcy to Halt Wave of Lawsuits
(DBN)

Imaging3 Files Chapter 11
(DBN)

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UK:

R3 Retail Insolvency Analysis
(DBN)

Restructuring & Recovery Quarterly Bulletin
(DBN)

Banks turn their back on the bankrupt
(DBN)

UK inflation dips in Aug despite higher fuel costs
(DBN)

Traders Are Shorting Manchester United Like Crazy
(DBN)

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EU:

EU Considers Breaking Up Major Banks --- Merkel Protests ECB's Call for Banks to Surrender Control to Central Power
(DBN)

Merkel's 'heart bleeds' but no wonder migrants find jibes no laughing matter
(DBN)

Majority of Germans think they would have been better off if they never made the switch to the Euro
(DBN)

Prospecting for European Distressed Loans
(DBN)

The Euro Crisis Is Stoking A Housing Bubble And A Foreigner Backlash In Berlin
(DBN)

What 20 Euros Will Get You Around The Eurozone
(DBN)

Draghi to Enter the Lion's Den?
(DBN)

______________

PIIGS:

Spain Shuns Further Cuts as Unrest Grows --- The Market Is In The Process Of Forcing Spain To Beg For Help --- Spanish yields creep higher as bailout nerves grow--- Euro Retreats From Four-Month Highs on Spain Worries
(DBN)

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Canada:

Hog industry needs to root out its own fix
(DBN)

______________

Germany:

German Investor Confidence Rises For The First Time In 5 Months
(DBN)

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Japan:

Elpida's bondholders open new front in fight over Micron deal
(DBN)

______________

Australia:

Banks roll over in Bell fight
(DBN)

Fortescue to tackle $10 bln debt headache
(DBN)

Nine faces rising prospect of receivership
(DBN)

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Mexico:

Mexico's Cemex says wraps up refinancing deal
(DBN)

______________

China:

Chinese Billionaires Lost A Third Of Their Wealth In The Past Year
(DBN)

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Copyright 2012