September 19, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Profits ‘a Question Mark’ for Law Firms; Up to $50M in Unfunded Pensions a Problem
(DBN)

Former Dewey Leader Davis Takes Steps to Protect Insurance Interests
(DBN)

Report Shows Pay Gaps Widening Among Partners
(DBN)

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

Katten Muchin, Morrison, Bird & Bird: Business of Law
(DBN)

To Hire Supreme Court Law Clerks, Firms Shell Out $500K
(DBN)

Cal West Law School's Grads Have An Absolutely Dismal Financial Picture
(DBN)

Law School Transparency: Do you have any questions for us?
(DBN)

N.J. Firm Sued By Clients Over Failed Use of Involuntary Chapter 7 Petition
(DBN)

General Counsel's Role in a Financially Distressed Company
(DBN)

Dangers for Corporate Counsel and Executives in Internal Investigations
(DBN)

Associates Are Getting So Weird
(DBN)

Tax taskforce to target London lawyers
(DBN)

Simmons adds restructuring partner duo as SNR Denton exits continue
(DBN)

Priest Abuse Complaints Allege Concealment By Stradley Ronon
(DBN)

5 Law Firms Make Working Mother's Top 100 List
(DBN)

BigLaw Summer Associates Are Tired Of Being Forced To Have Fun On The Job
(DBN)

Best Productivity Apps
(DBN)

Mac OS X Lion Tips and Tricks
(DBN)

iOS 6 available today, plus first iPhone 5 reviews
(DBN)

Kirkland & Ellis Eyes Beijing Launch --- Eversheds Too
(DBN)

Frequency, severity of malpractice claims remain constant
(DBN)

Big Problem at the Law Office - Former Partner Alleged To Fire Bomb Partner's House
(DBN)

Katten Ranks Among Top Five Law Firms for Summer Associate Program
(DBN)

Cops: Disabled Woman Dies After Being Beaten By 11-Year-Old Son
(DBN)

Lawyer Fights Own Fee Dispute Simultaneously with PI Client’s Case, Earns Over $1.5M, Is Disbarred
(DBN)

On Trial for Murder, Lawyer’s Widow Says He Shot Himself to Death in His Law Office
(DBN)

Judge Orders Tabloid to Hand Over Kate Middleton Pics; Rest of Internet Laughs and Right-Clicks ‘Save Image As’
(DBN)

Disbarred Attorney Who Stole Another Lawyer’s ID to Land BigLaw Job Gets 15 Months in Club Fed
(DBN)

Lawyer Takes Misdemeanor Plea During Trial for Alleged Attack on Woman in Law Office Conference Room
(DBN)

480 Pound Inmate Says He Is Too Fat for Lethal Injection
(DBN)

Bronx man pretended to be divorce attorney: prosecutors
(DBN)

Mug Shots
(DBN)

What Pulling An All-Nighter Does To Your Body
(DBN)

Cops: Man Stole Woman's Phone . . .
(DBN)

Say What?!
(DBN)

______________

Judges:

Justice Scalia Flipped Out Last Night When People Asked Why The Court Was So Political
(DBN)

Words from the 'Funniest Justice'
(DBN)

Scalia: Judiciary suffers when private lawyers stay off the bench
(DBN)

Justice Scalia says Chicago appeals court judge lied --- The New Republic Isn’t That Glossy….
(DBN)

Justice Thomas discusses race, faith and the court
(DBN)

A Critique of ‘Longish Opinions’
(DBN)

Judge of the Day: What’s in a (Traditionally Gender Appropriate)Name?
(DBN)

Court Staff Tasers Obnoxious Man Insisting On Entering Area With Camera
(DBN)

______________

Wall Street:

Stock index futures trade slightly higher
(DBN)

U.S. stocks close flat
(DBN)

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

Financial Advisory Firm Not As Supportive Of Employee’s Dream Of Winning Survivor As One Might Have Hoped
(DBN)

______________

Layoffs:

Kohl's to hire more than 50,000
(DBN)

Alpha Natural Resources Cuts 1,200 Jobs
(DBN)

U.S. Unadjusted Unemployment Rate at 7.9% in Mid-September
(DBN)

Why young employees quit their jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Tax:

Recent case serves as a reminder that both tax and bankruptcy law implications should be considered
(DBN)

Overseas tax dragnet refocuses on country partnerships
(DBN)

Swiss banks face $65bn tax evasion crackdown
(DBN)

______________

Brokers:

Ex-MF Global Equity Derivatives Head Bystrom to Start Hedge Fund
(DBN)

Wasendorf Jr. files lawsuit to avoid personal bankruptcy
(DBN)

______________

Aviation:

American Airlines issuing more than 11,000 layoff warnings --- Says actual job cuts will be far fewer
(DBN)

Report: American Airlines To Lay Off 1,400 At MIA --- Workers in Tulsa Receiving Layoff Notices --- Gov. Scott reacts to American Airlines layoff announcement
(DBN)

American Airlines Cutting Employees, Flights
(DBN)

JAL Makes Tepid Return to Market --- Faces 'rough ride ahead' from rivals
(DBN)

UBHL auditors raise concern over Kingfisher exposure, defaults
(DBN)

EU regulators approve 100 mln euro Czech Airlines state aid
(DBN)

Sky King Charter-Jet Service Files for Bankruptcy
(DBN)

Another Thing You Can't Do On A Plane
(DBN)

______________

Celebs:

With The Company Fending Off Creditors, Bruce Willis Will Lose Millions At Belvedere Vodka
(DBN)

Olympic medallist Gardner's belongings to be auctioned after bankruptcy filing
(DBN)

Financial blows keep coming for boxing legend Evander Holyfield?
(DBN)

______________

Coal:

Patriot Coal Update: Mining For Venue
(DBN)

Alpha closing 8 mines, cutting 1200 jobs
(DBN)

______________

Lehman:

Billionaire Ross Says Deal With Lehman Brokerage is Fair
(DBN)

______________

Shipping:

Shipping Industry Confidence Falls
(DBN)

______________

Economy:

FedEx says economy is stalling, cuts outlook --- FedEx warning looks past the border
(DBN)

Fed's Facebook Poll Finds Public Anger At QE3
(DBN)

The U.S. Is Selling More Stuff Than Ever To The Rest Of The World
(DBN)

The Next President Will Step into Deficit Hell
(DBN)

US Fiscal Cliff Trumps EU Crisis as Top Investor Worry: Survey
(DBN)

Blame Congress for Slowdown in US Economy: Fed's Fisher
(DBN)

Report: Median Income Worse Now Than It Was During Great Recession --- Incomes Down, Prices of Goods Up
(DBN)

Oil Drops for Second Day on Saudi Action, FedEx Outlook
(DBN)

Bailout speculation continues as bad debt in country's banks hits record
(DBN)

44 Years Of American Household Income
(DBN)

The Food Stamp Recovery
(DBN)

Election Uncertainty Raises Odds Of Fiscal Cliff
(DBN)

China still biggest buyer of U.S. securities
(DBN)

The 47%: Who They Are, Where They Live, How They Vote, and Why They Matter --- 7,000 Millionaires Paid No Income Tax In 2011 --- Who Pays and Who Takes --- States Where the Greatest Percentage Don't Pay Income Taxes --- Who receives government benefits --- Who doesn’t pay taxes, in eight charts --- Most independents believe the government should guarantee food and shelter --- Romney’s 47% Comments Show Gap From Bush-Era Republicans
(DBN)

Made-In-America
(DBN)

Higher-income earners in few states dominate mortgage interest tax deduction
(DBN)

The European Debt Crisis Is No Longer The Biggest Worry Among Money Managers
(DBN)

S&P/Experian: Consumer defaults drop in Aug.
(DBN)

Court allows Greenberg suit to proceed over AIG bailout
(DBN)

11 More Billionaires to Give Away Wealth
(DBN)

20 Shocking Numbers of the Past Four Years
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

US home lending hit 16-year low in 2011-regulators
(DBN)

MERS is winning recording-fee dodgeball game
(DBN)

US homebuilder confidence improves --- Fifth Straight Month
(DBN)

Housing Recovery: More Reasons to Be Bullish
(DBN)

Housing in most markets stable or in recovery
(DBN)

FDIC reports housing market improvement in sand states
(DBN)

Zillow: After 9 Straight Months Of Gains, Home Prices Have Stalled
(DBN)

Mortgage defaults keep declining
(DBN)

The Mortgage Debt Forgiveness Tax Break
(DBN)

Chart of the day, housing bubble edition
(DBN)

Fannie Mae Hires Pfizer Lawyer as New GC
(DBN)

Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them
(DBN)

Fed's latest stimulus may have little impact on mortgage borrowers
(DBN)

New Jersey Housing Suffers as Defaults Exceed Nevada
(DBN)

NJ Developer Says Its Chapter 11 Filing Isn't in 'Bad Faith'
(DBN)

Former exec of defunct Washington-based bank pleads guilty to mortgage fraud scheme
(DBN)

Coca-Cola Heirs Lose $37 Million in Foreclosure Crisis
(DBN)

Fannie Mae Moves to Help Homeowners Avoid Foreclosure
(DBN)

San Diego: Council to vote on proposed laws targeting banks
(DBN)

More Florida companies try to cancel mortgage debt with questionable lawsuits
(DBN)

Candidates have little to say on big issue: foreclosures
(DBN)

7th Circuit Joins Split Involving Mortgage Fraud Restitution Formula
(DBN)

The new mortgage-backed security in a renter's world
(DBN)

____________

Municipalities:

California’s AB 506 Process: What Creditors Can Expect in the Wake of California Municipal Bankruptcies
(DBN)

NJ's Economic Recovery Not 'Robust': Fed Official
(DBN)

Illinois ' credit rating downgraded after pension reform failure
(DBN)

Atwater to meet about declaring emergency
(DBN)

Motor City Revival Means 14-Fold Return for Home Bet
(DBN)

America's Dirtiest Cities
(DBN)

Credit score increases show upturn in hard-hit cities
(DBN)

Are pensions still protected?
(DBN)

The 11 Worst-Performing Cities In America --- The 11 Best-Performing Cities In America
(DBN)

______________

Distressed Investing:

Vulture funds seeking fresh meat
(DBN)

______________

Steel:

Court chips away at RG
(DBN)

_____________

Fraud:

US Bank rejects claim that it helped conceal Peregrine fraud
(DBN)

US Fidelis co-owner gets 40 months in prison
(DBN)

______________

Gambling:

Indiana Grand Casino owners accept bid from Centaur
(DBN)

______________

Personal Finance:

Seven Hidden Costs Of Living In The City
(DBN)

______________

Debt Collection:

Police receiving more reports about debt-paying scam
(DBN)

Debt Strikers, Hoping To Launch A Movement, Burn Bills And Collection Notices
(DBN)

______________

Politics:

Wall Street's Worst Nightmare Is Now An Overwhelming Favorite To Win Her Senate Race --- Warren: Romney Wrote Off Half Of Americans As 'Deadbeats'
(DBN)

The Data Behind Romney’s 47% Comments --- Who the 47% Actually Vote For --- Behind the 'People Who Pay No Income Tax'
(DBN)

______________

Food/Beverage:

Wolfgang sale runs into a snag
(DBN)

______________

Finance:

Junk Fervor Blinds Buyers as Loan Gap Vanishes
(DBN)

______________

Directories:

Directory publisher Hibu's shares drop on profit warning
(DBN)

______________

Student Debt:

Students’ $1 Trillion Debt to Crush Until Costs Fall
(DBN)

Debt collectors deputized in student loan manhunt
(DBN)

______________

Defaults:

S&P: 3 corporate sectors have high default rates
(DBN)

______________

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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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 Hostess, Dewey, Pinnacle, American Media: Audio
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Third Party Releases and the Use of the Written Opt Out
(DBN)

It’s Not Bad Faith to Be Friendly: Arizona Bankruptcy Court Rejects Creditor’s Motion to Designate the Vote of a “Friendly” Creditor
(DBN)

______________

Mootness:

Third Circuit Reiterates Narrow Application of Equitable Mootness Doctrine
(DBN)

______________

Mass Torts:

Asbestos claimants come out against company's fraud allegation
(DBN)

Scouts Dishonor
(DBN)

______________

Claims Trading:

Fight Over Madoff Liquidation Claims
(DBN)

______________

Consumer Bankruptcy:

Fifth Circuit Affirms Class Certification Challenging Fee Collection Practices
(DBN)

______________

Insurance:

D&O Insurance: Two More Cases Hold No Excess Coverage Where Underlying Insurance Not Exhausted
(DBN)

______________

Autos:

Why a Turnaround at GM Isn't Auto-Matic
(DBN)

Long-term, Romney's GM plan would have been better
(DBN)

______________

Hollywood:

Muoio on city giving land to Digital Domain: There’s always a give and a take
(DBN)

Morgan Creek Battling $5.7 Million Debt, Restraining Order, Frozen Bank Account
(DBN)

______________

Advertising:

Tattoo Ad Craze Created Human Billboards For Now Defunct Companies
(DBN)

______________

Retailing:

Creditors pushing to convert Vann's bankruptcy proceeding
(DBN)

Romney Backer Leder Made Sun Capital Fortune Fixing Retailers
(DBN)

Inside The Biggest Shopping Mall On The Planet
(DBN)

______________

Bankruptcy Crimes:

Man in 'sovereign citizen' movement indicted
(DBN)

______________

Health Care:

Obesity rate to top 60% in some states by 2030
(DBN)

Bad to the Bone: A Medical Horror Story
(DBN)

The Last Five Years of Life the Most Expensive
(DBN)

Doctors Bill Medicare Patients at Higher Rates
(DBN)

The giant medical company that ran illegal, deadly bone cement tests on humans
(DBN)

______________

Newspapers:

National Enquirer Owner Invites Default Talk
(DBN)

______________

Education:

City College near bankruptcy , audit says --- Agency prescribes SF City College trustees tough medicine
(DBN)

______________

Environmental:

Judge OKs loan for environmental issues at Piney Point
(DBN)

______________

Sovereigns:

The poorest countries in the world
(DBN)

______________

UK:

Co-op tries to embarrass bigger rivals into action over accounts --- Bank account exclusion 'rethink' needed, says minister
(DBN)

BOE Details Plan for Too-Big-To-Fail Banks
(DBN)

Naming-and-shaming of lawyers, law firms goes live
(DBN)

______________

EU:

US Investors Eye Europe's Distressed Property Assets
(DBN)

Europe's Too Big to Fail banks now even Too-Big-To-Fail-ier
(DBN)

European Stocks Pare Advance as Insurers Decline
(DBN)

US Meltdowns: History Lessons for the Euro
(DBN)

______________

PIIGS:

Wavering Spain dents European shares --- As Bailout Questions Linger, Spain Sells $6 Billion in Debt --- Update on the Spanish financial restructuring: legal regime applicable to restructuring and resolution of credit institutions
(DBN)

For Greece, Economics of Daily Life Eroding --- Greece’s ‘Blind Island’ Full of Fraudsters --- Leaders set for final talks --- Corporate tax to rise to 30 pct --- Greece sells 1.3 bln eur 3-month T-bills, yield falls --- Greek current account shows surplus for first time in two years --- Greek debt holders decry short-term focus --- Greek economy set to shrink by 25pc --- IIF Chief Dallara Says Greece Needs More Time
(DBN)

ie: Top judges heavy losers in €90m Ponzi scheme scandal
(DBN)

______________

Canada:

Canadian hog farmers seek bailout --- Hog Industry needs better marketing, not a bail-out
(DBN)

______________

MENA:

Can banks really afford the political risk of suing Dubai?
(DBN)

______________

Sweden:

Swedish electronics chain Expert bankrupt
(DBN)

______________

Australia:

Insiders claims Nine receivership talk just bluff: report
(DBN)

______________

Belize:

Tiny Belize set to default, hopes to restructure debt
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012