September 20, 2012

The Daily Bankruptcy News

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Law:

Lawyers under fire for boosting fees on bankrupt companies
(DBN)

Group of Ex-Howrey Lawyers Ready to Fight Clawback Claims --- "They were not partners in the true sense and therefore are not subject to partner clawback claims"
(DBN)

It’s Official: New York Imposes 50-Hour Pro-Bono Requirement on Lawyers-to-Be
(DBN)

Partner Pay Is Way Up in Atlanta, Seattle (But New Yorkers Still Make More)--- US equity partners bag inflation-busting pay rises --- Not the 47 percent
(DBN)

Pay Gap Between Male and Female Partners Is Now Gaping Hole
(DBN)

Rainmakers Get Well-Compensated: Major, Lindsey & Africa/ALM Legal Intelligence survey
(DBN)

Dewey bankruptcy hearing set for Thursday --- On Eve of Major Hearing, Dewey Tries to Counter Dissenters to Proposed Partner Settlement
(DBN)

Gibbs & Bruns, Simpson, Jones Day, Weil: Business of Law - Bloomberg
(DBN)

Clifford Chance asks lawyers to take sabbaticals amid slowdown
(DBN)

Milberg ducks class action of former clients
(DBN)

"As lawyers, we are expected to be perfect "
(DBN)

Las Vegas Bankruptcy Attorney Indicted on Tax Evasion Charges
(DBN)

Who Represents America's Biggest Companies 2012
(DBN)

John Hancock, law firm face tax shelter racketeering lawsuit
(DBN)

Linklaters launches new initiative to develop talented female lawyers
(DBN)

America's 15 Richest Law School Grads
(DBN)

ABA asked to make diversity every lawyer's responsibility
(DBN)

Son’s Death Leaves Mom with Big Tax Bill on Forgiven Student Loan Debt
(DBN)

A judge finds that lawyers at TD Bank stumbled badly in managing discovery
(DBN)

Texas Lawyers Warned: Ignore That Email from ‘Barthelemy William’
(DBN)

Attorneys Claim Ex-Partner Firebombed Their House After He Was Canned
(DBN)

Florida Cop Laughed When Asking 7-Eleven Clerk About Selling Trayvon Martin His "Famous Skittles"
(DBN)

IG Report Blames DOJ Prosecutors, ATF Agents for ‘Fast and Furious,’ Seeks Discipline Probe of 14
(DBN)

Cops: Pair Sold Neighbor's Lost Dog On Craigslist
(DBN)

Lawyer of the Day: Assaulted By Red Bull And Vodka?
(DBN)

Prosecutors Consider Strike
(DBN)

Former Reporter Makes Leap to Big Law
(DBN)

8 of the strangest lawsuits making headlines
(DBN)

Suit Claims Bouncers Severed Lawyer’s Pinkie Finger While Ejecting Him from Popular DC Bar
(DBN)

'Innocence of Muslims' Actress Sues Producer, YouTube
(DBN)

California chef admits to slow-cooking his wife's body
(DBN)

Real-Life 'Dexter' Gets Life In Prison For Murdering Two Sex Offenders
(DBN)

The Worst Boyfriend in the World?
(DBN)

So A Guy Walks Into The Police Station ...
(DBN)

Say What?!
(DBN)

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Judges:

In Defense of Bankruptcy Courts (or, Is Bankruptcy Really That Exceptional?)
(DBN)

Conversation with Supreme Court Justice Elena Kagan
(DBN)

Justice Scalia Won't Talk Health Care
(DBN)

Salacious Accusations About the Accuser of Judge
(DBN)

Survey Finds Widespread Doubt About Fairness of Civil Courts
(DBN)

Hey Congress. How About Confirming Judges?
(DBN)

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Wall Street:

US Stock Futures Signal Lower Open
(DBN)

Stocks Advance on Housing Reports
(DBN)

20 Stocks That Traders Are Shorting Like Crazy
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Navigator:

Judge Says Wilbur Ross Can Buy Lehman's Navigator Stake
(DBN)

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Bankruptcy Crimes:

Chesapeake guitar collector sentenced for lying
(DBN)

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Celebs:

Vince Young Is Broke Thanks To Uncle, Managers, Suit Contends
(DBN)

After Amputation, Motorcycle Accident And Plane Crash, Olympic Gold Medal Wrestler Rulon Gardner Now Faces Bankruptcy --- Olympic wrestler's medals won't go up for auction
(DBN)

Former NFL Player Lost $26 Million In 6 Years, May Now Be Broke
(DBN)

Belvedere Vodka Owes Bruce Willis $26 Million
(DBN)

John L. Smith's bankruptcy filing shows $500 in his checking account
(DBN)

A Class for Overnight Millionaires
(DBN)

Vince Young Answers Financial, Bankruptcy Rumors on Twitter
(DBN)

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Student Debt:

The 10 Most Depressing Student Loan Stories
(DBN)

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Tech:

US judge prohibits Elpida from selling US assets for now
(DBN)

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Hedge Funds:

Don't Blame Hedge Funds for Financial Crisis, Study Says
(DBN)

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Retailing:

Vann's to close Montana stores --- Gives 60-day closure notice to employees
(DBN)

Mark Shale to close all locations
(DBN)

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Tax:

Disbarred lawyer who stole another's ID is sentenced to prison for tax evasion
(DBN)

IRS Taxpayer Advocacy Panel Bankruptcy Compliance Project Committee to Meet
(DBN)

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Steel:

RG Steel sale set to close next week - Report
(DBN)

Sen Jay expresses concern for miners and retirees
(DBN)

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Economy:

Income Inequality Is Worse Now Than It Was During Slavery --- Incomes Fell or Stagnated in Most States Last Year
(DBN)

Americans feeling less financially secure
(DBN)

Has US economy bottomed out? Census suggests yes
(DBN)

Consumer credit default rates improve again in August
(DBN)

The Forbes 400: The Richest People In America In 2012 --- Gates again tops Forbes' rich list --- Buffett Remains No. 2 on Forbes' Richest Americans List --- Why The Top Five People On The Forbes 400 Are Wealthier -- Again --- 20 New Faces --- The Biggest Winners And Losers On The Forbes 400 List
(DBN)

Oil Prices Continue to Plunge, Falling Nearly 4% in One Day --- 'Fat-Finger' Error Caused Oil-Stock Price Swings
(DBN)

Gary Shilling: Here's Why There's No Housing Recovery And Prices Will Collapse Another 20%
(DBN)

Fed’s Fisher Says U.S. Inflation Expectations Rising
(DBN)

Geithner Holding Meetings on Fiscal Cliff --- Bernanke briefs lawmakers on fiscal cliff
(DBN)

Rail Giant Norfolk Southern Gives Horrible Q3 Warning
(DBN)

Global Trade Slowdown
(DBN)

Kansas City Fed’s George Opposes Bond Buying
(DBN)

Jon Stewart does the 47% --- Living off handouts: it's not just the poor ---Tax Moochers: Banks --- Who Are the 47 (Actually 46)Percent? Law Prof and Other Experts Weigh In --- Reagan’s Workers Are Romney’s 47 Percent --- ‘Takers’ --- Meet Andrea
(DBN)

Corporate corruption is big US voter worry: poll
(DBN)

"The US has more than 100,000 janitors with college degrees and 16,000 degree-holding parking lot attendants"
(DBN)

Maria Meacham Gets Arrested In DC
(DBN)

US Debt Clock
(DBN)

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Real Estate:

US home sales jump to highest since May 2010
(DBN)

Housing Starts Up 2.3% in August
(DBN)

Cities Weighing Mortgage Seizures Draw Attention in Washington
(DBN)

Mortgage bondholders push Wells Fargo, Morgan Stanley for RMBS buybacks
(DBN)

Fed to Housing: We Got Your Back
(DBN)

Bondholders Fire Salvo In Mortgage Brouhaha
(DBN)

What Richard Koo Learned When He Went Undercover Into A Bank And Pretended To Be A Homebuyer
(DBN)

Choosy lenders delay housing recovery
(DBN)

Mortgage Market 2011 - Not a Pretty Picture
(DBN)

Lawyers Land in Hot Water
(DBN)

Ex-Long Beach Mortgage Executive Convicted of Fraud
(DBN)

Surcharge for US mortgages proposed
(DBN)

Detroit's July home sale prices up 7%
(DBN)

Group Elevates Offensive on Wells, Morgan Stanley Mortgages
(DBN)

Developer Tony Mijares cites guaranties of $84.5M in new Chapter 11
(DBN)

Green Shoots in the Las Vegas Desert
(DBN)

Lehman Unloads Austin Office Portfolio
(DBN)

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Aviation:

Layoffs, flight reliability keep American in the news --- American Airlines cancels flights on alleged pilots' 'sickout' --- Signs Of A Sick-Out At American Airlines --- Hundreds of flights cut amid pilot sickouts --- Book Away From American This Fall; Pilot Feud Has Made Airline Too Unreliable --- Cancellations surge --- Head of American Airlines’ pilots union asks “Is this any way to run an airline?”
(DBN)

AMR bondholders demand payment, say planes neglected
(DBN)

Revamped JAL makes solid comeback on stock market
(DBN)

Lakeland airport jet service files Chapter 11
(DBN)

Sky King Airlines files for bankruptcy
(DBN)

_____________

Municipalities:

Mayor of bankrupt Central Falls, RI, resigns, set to plead guilty to corruption --- Dramatic month in Central Falls continues with Moreau's plea
(DBN)

Can public incentives be recouped in bankruptcy?
(DBN)

Fitch: California cities rating pressure to continue
(DBN)

Calif. minor league hockey team’s promotion pokes fun at opposing city’s bankruptcy --- Bakersfield backs off bankruptcy -jab hockey promotion
(DBN)

L.A. Administrator Urges Older Retirement, Pension Limits
(DBN)

Chicago's Next School Crisis: Pension Fund Running Dry
(DBN)

California May See More Bankruptcies, Chiang Says
(DBN)

Atwater, California mulls fiscal emergency, bankruptcy
(DBN)

San Bernardino: Deadlock over bankruptcy plans
(DBN)

Fitch may still cut Stockton, Calif. Public Finance Auth. ratings
(DBN)

Chicago students return to class as strike ends
(DBN)

______________

Food/Beverage:

Judge denies financing motions in Wolfgang bankruptcy case
(DBN)

______________

Museums:

Slavery Museum Project Out of Bankruptcy but Still Stalled --- City still waiting for Slavery Museum tax payment
(DBN)

______________

Banking:

Report: Bank Of America Plans To Axe 16,000 Jobs By Year-End
(DBN)

KBW Ordered to Face Suit by Guaranty Financial Trustee
(DBN)

Disabled Man Says Bank Of America Fired Him For Walking Too Slowly
(DBN)

Libor-Like Manipulation Possible in Other Benchmarks, Iosco Says
(DBN)

______________

Fraud:

Scott Rothstein's Jeweler Settles Lawsuit
(DBN)

Ex-Tech Consultant Spares None in Bid to Erase Conviction
(DBN)

Ex-UBS trader “obfuscated” to his accountant for weeks --- The accountant and the e-mail
(DBN)

Documentary highlights Rubashkin’s fraud conviction, Supreme Court appeal
(DBN)

Michael Hammer Added to Knoedler Gallery Fraud Lawsuit
(DBN)

______________

Autos:

Delphi Pension Recovery Effort Underway
(DBN)

GM - Making All The Same Mistakes?
(DBN

GM's devil's bargain
(DBN)

______________

Music:

Stradivari expert on the fiddle built his empire on sand
(DBN)

______________

Coal:

Alpha mine closures sparks emotional reactions
(DBN)

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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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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 Wasendorf-Peregrine, Tax Rulings, Farmer Law: Audio
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Academics Want Congress to Give Chapter 14 a Chance
(DBN)

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Bankruptcy Poetry:

AMR-US
(DBN)

Prescription for Recovery
(DBN)

Wall Street
(DBN)

Premature Exit
(DBN)

______________

Professional Compensation:

Government criticizes bankruptcy lawyers’ rising fees, New billing disclosure rules coming
(DBN)

Partner Pay Gaps Growing in BigLaw; Average Compensation Is $681K
(DBN)

______________

Post-Petition Interest:

Case Study: In Re 785 Partners
(DBN)

______________

Claims Trading:

Second Circuit Summarily Reverses Claims Trading Decision
(DBN)

______________

DIP Finance:

Mechanics' Liens Have Priority Over DIP Liens
(DBN)

______________

Awards:

IWIRC's 2012 Rising Star Semi-Finalists Announced!
(DBN)

______________

Hollywood:

City puts focus on Digital Domain land
(DBN)

______________

Corporate Reform:

Goldman CEO sees tougher regulation as necessary
(DBN)

______________

Orchestras:

Court filings list Philadelphia Orchestra bankruptcy costs
(DBN)

_____________

Politics:

Scott Brown, JD: Creates branding as 47-percenter --- Debate Champ Warren Meets Brown in Massachusetts Senate Faceoff
(DBN)

Topics Announced for First Obama-Romney Debate
(DBN)

D.C. Circuit Plays Words With Friends
(DBN)

Obama With A Pirate --- International Talk Like a Pirate Day takes place around the world
(DBN)

______________

Religion:

Former Crystal Cathedral pastor defaults on home
(DBN)

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Health Care:

Nashville General Hospital's inpatient services may end
(DBN)

Six Million Americans Likely to Pay Health-Care Tax
(DBN)

11 Crazy Things People Used To Think Were Healthy
(DBN)

______________

Art:

Artist Turned Life Of Easy Credit Into Political Art
(DBN)

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Telecoms:

Falcone's Gamble On Washington, And Why He Lost
(DBN)

______________

UK:

Legal 500 guide: Insolvency
(DBN)

NHS trusts 'on the brink of collapse' --- Trusts in the red more than double in just one year
(DBN)

______________

EU:

Europe stocks drop at open before Spanish bond auctions
(DBN)

Euro Zone Slowdown Worsens Despite ECB Action
(DBN)

Weak data all but erase euro's QE3 gains
(DBN)

EU's Most Powerful Countries Call for Elected EU President
(DBN)

______________

PIIGS:

Ireland Insolvency Law Could Weigh on Banks, ECB Says --- ECB urges government to reduce scope of insolvency law
(DBN)

Stalled Rally Puts Pressure on Spain --- Spain borrowing costs ease at auction
(DBN)

Citi: A Greek Exit From The Euro Is Now 'More Manageable And Hence More Likely' --- Greece Is Embarking On A Firesale --- Tensions simmer as Greece, lenders battle over austerity
(DBN)

______________

Canada:

The slow death of Canada's hog industry
(DBN)

______________

Belize:

Belize Defaulted Debt Grace Period Ends on $544 Million of Bonds --- Belize close to extension, partial payment on debt
(DBN)

______________

Mexico:

Creditors in $7 Billion CEMEX Refinancing
(DBN)

______________

Japan:

Bondholders seek Elpida info in court
(DBN)

______________

China:

Chinese Factory Output Tumbles To A 10-Month Low
(DBN)

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Copyright 2012