September 24, 2012

The Daily Bankruptcy News

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Law:

Everything Is Great, K&L States: Peter Kalis Comes Out Swinging --- No ‘Deweyesque Charade’ at K&L Gates: Chairman Fights Bad Press in Impressive Memo
(DBN)

Dewey Hearing Recap: The Blame Game, and Getting Blood from a Stone --- $71.5 Million Dewey Settlement Plan Now in Judge's Hands ---Ex-Dewey partners debate the $71.5 mln settlement --- Dewey Know Which Partners Signed On To The Partnership Contribution Plan? Yes — And How Much They’ll Pay, Too --- Dewey filing reveals details of individual payments to settlement plan
(DBN)

Snapshot: Ronald Rubin
(DBN)

Philadelphia Partners Are Lowest Paid and Least Satisfied with Compensation
(DBN)

K&L Gates, Ropes & Gray, Orrick, Akin: Business of Law
(DBN)

Bankruptcy attorney charged in credit card scheme --- Accused of using bankruptcy clients' credit cards
(DBN)

Ill. Lawyer Accused of Falsifying Tax Docs for Loan Forbearance and Buying a New Car
(DBN)

KEL at odds with former staff lawyer over "client grab"
(DBN)

Mayer Brown Cutting More London Jobs
(DBN)

UK: Number of partnerships available contracts rapidly
(DBN)

COO: Non-lawyer maestros of the firm
(DBN)

Most Highly Regarded Firms: Asset Recovery 2012
(DBN)

The Richest Lawyers (or Law School Graduates)in America: Lawyers on the Forbes 400
(DBN)

Henry Sommer – Commemorating 125 years of Matthew Bender
(DBN)

How Do You Know If You’re A Bad Lawyer?
(DBN)

Law School Transparency: Progress of a sort--- The scandal
(DBN)

Take the LSAT and Run!
(DBN)

Judge's Ruling Condemns Eaton Corp. Lawyers' Court Conduct
(DBN)

Indictment won't stop lawyer from practicing or airing TV ads
(DBN)

Appeals Court: Toll Booth Delay Not Improper Detention
(DBN)

Four New Features To Make Corporations Love The iPhone 5
(DBN)

SkyDrive Is Great and No One Has Noticed
(DBN)

WordPress Themes for Lawyers
(DBN)

How to: Get iOS 6's Best Features on Your Android Device
(DBN)

My experience with the iPhone 5
(DBN)

James Holmes' New Mug Shot
(DBN)

First lawsuits filed against theater in Colorado shooting
(DBN)

Texas Politician Tells Law Student to Go To Afghanistan — Notwithstanding The Fact That The Kid Is An American Citizen Born In Pakistan
(DBN)

Michigan Law Professors Have The Coolest Friends
(DBN)

Police: Flight attendant stole passenger's iPad
(DBN)

Amish Beard-Cutters Face Life for Hate Crimes
(DBN)

The Younger, Hotter Judge Judy
(DBN)

Houston Police Officer Shoots and Kills Double Amputee In Wheelchair Armed With Pen
(DBN)

Man Disguised 1,000 Pot Plants as Christmas Trees in CA Desert
(DBN)

Just a Darn Minute, Pastor Tells New Orleans
(DBN)

______________

Judges:

Judge Rakoff Has a (Hypothetical)Cow
(DBN)

9 Things You Probably Didn't Know About Antonin Scalia
(DBN)

Justice Kagan On Clerks: They Improve Her Work
(DBN)

Posner Fires Back in Spat over Scalia’s Book and the Definition of Legislative History --- Scalia v. Posner: Round 4 ---Case of Posner v. Scalia gets even more heated --- A Time-Out in Posner v. Scalia?
(DBN)

Stephen Colbert Predicts Obama Will Pick A 'Gay Polar Bear' For The Supreme Court
(DBN)

Guide To Bluffing Your Way Through Knowledge About The Supreme Court’s New Term to Non-Lawyers
(DBN)

Justice Thomas criticizes law school rankings --- Says Ivy league students no better than UF law students
(DBN)

______________

Wall Street:

US stock futures fall; growth jitters weigh
(DBN)

Markets Tumbling In Europe
(DBN)

S&P 500 Erases Gains as Apple Rally Fades, Banks Fall
(DBN)

The Wives Of Wall Street
(DBN)

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

______________

Layoffs:

The Correct Word is Desource, Not Outsource.
(DBN)

The nation's shaky job outlook isn't deterring some retailers from hiring
(DBN)

Meet America's Hidden Unemployed: The Workers So Discouraged, They Don't Even Count
(DBN)

Wal-Mart to Hire 50,000 for the Holidays
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

_____________

Aviation:

American Pilots Seek to Suspend Contract Rejection
(DBN)

As the unions flex muscles, it's a bumpy ride for airlines industry
(DBN)

APA defends ‘prudent and cautious approach,’ cites maintenance issues
(DBN)

Labor strife might cause travelers to think about avoiding American --- Just another annoyed AA passenger. Only this one’s a U.S. Senator --- Pilots and American Airlines Respond to Flight Issues --- American Airlines sends out ‘We’re sorry’ messages to AAdvantage members --- What American Airlines will do for you during operational issues --- Service turbulence grows at American Airlines
(DBN)

AMR flight delays may benefit other carriers
(DBN)

2,205 American Airlines flight attendants take early-out option --- Seven of eight most senior AA flight attendants take early out
(DBN)

Appaloosa said to bet on M&A with stakes in AMR
(DBN)

Pinnacle Airlines suspends talks with unions
(DBN)

Small airports struggle as major carriers pull back
(DBN)

'Fake' pilot arrested in plot mirroring film 'Catch Me If You Can'
(DBN)

Sulfuric acid thrown into woman's face in random attack
(DBN)

______________

Autos:

Sorry, GM, It’s ’Government Motors’ Awhile Longer
(DBN)

Records Show GM, Treasury Talks
(DBN)

US auto industry recovery justifies bailout
(DBN)

Auto industry deals mark move to more 'self-financing' pensions
(DBN)

_____________

Tobacco:

Objection raised to Renegade reorganization
(DBN)

______________

Media:

Tribune Co. closes in on new CEO
(DBN)

______________

Health Care:

Judge OKs sale of Sunwest Management properties --- Last of Sunwest sites to be sold at auction --- Some turning points in Sunwest saga --- Ex -Sunwest CEO indicted on fraud
(DBN)

Americans are getting too much sleep
(DBN)

Some Americans Are Living Shorter Lives
(DBN)

Is Obamacare the Right Prescription for Insolvent Hospitals?
(DBN)

Man Claims Dental Clinics Drilled for Money
(DBN)

______________

Corporate Reform:

Neugebauer slams lack of accountability at CFPB
(DBN)

______________

Economy:

Consumers, Businesses Taking It Slow
(DBN)

Decades of Federal Dollars Helped Fuel Gas Boom
(DBN)

Wait to hit stimulus brakes: business economists
(DBN)

In A Sudden Twist, A New Group Of Economists Are Blaming Bernanke For The Great Recession
(DBN)

Bernanke wants you to buy stocks, but risk is high
(DBN)

Fed Recovery Doubts Spur Investor Bid for Treasuries
(DBN)

Volcker: Unclear why Fed still pays banks to park cash
(DBN)

QE3 not the answer: Volcker
(DBN)

Households Deleveraging
(DBN)

Younger workers earn $10K less than in 2005
(DBN)

IMF Chief to US: Rein in Your Banks
(DBN)

A Member Of The Federal Reserve Has Delivered A Monster Slam On The Direction Of Fed Policy
(DBN)

The Hidden Costs Of Being A Woman
(DBN)

Lost Decade Ahead?
(DBN)

More Americans Now Commit Suicide Than Die In Car Crashes
(DBN)

Experian Says Business Credit Scores Down from Last Year
(DBN)

Oil falls below $110 on growth worries
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Using the power of eminent domain to restructure underwater mortgages is constitutional, beneficial and administratively feasible
(DBN)

Are the lessons of the housing crisis already being forgotten?
(DBN)

NY Among 5 States Facing Higher Fannie Mae Mortgage Fees
(DBN)

Thornburg Trustee Looking at LIBOR-Related Losses
(DBN)

Investors raise $8 billion for REO
(DBN)

10 States Where You Can Get Unbelievable Discounts On Foreclosed Homes
(DBN)

Repurchase Risk Still Haunts Mortgage Lenders
(DBN)

Mitt Romney's Housing Market Plan --- Romney vows to make foreclosure prevention easier
(DBN)

Phila.: City to make business owner restore vacant lot to garbage-filled, dilapidated condition
(DBN)

Brooklyn Booms as Record Rents Drive Construction
(DBN)

____________

Retailing:

JC Penney Falls as CEO's Store Tour Gets Tepid Response
(DBN)

Yuri Milner: 40 million retail jobs will disappear
(DBN)

______________

Food/Beverage:

Reorganized Bully's set to emerge from Chapter 11 bankruptcy
(DBN)

Twinkies and Ding Dongs: Is this goodbye?
(DBN)

Adams Produce shareholders' fraud lawsuit against accountants moves to bankruptcy court
(DBN)

______________

Student Debt:

The new facts of life: death and student loan debt
(DBN)

Student Loans and the Education Bubble
(DBN)

______________

Celebs:

It's a crying shame star athletes are going bankrupt
(DBN)

Vince Young's steep food chain tabs help lead to bankruptcy?
(DBN)

______________

Municipalities:

From California to Pennsylvania, places like Stockton and Scranton run out of money
(DBN)

Act 47 reaches milestone, turns 25 years old
(DBN)

Michigan Decides 2012: Public Act 4 emergency manager ballot proposal
(DBN)

Bakersfield Condors and Stockton Thunder Battle Over Bankruptcy Promotion
(DBN)

How Stockton gambled its way from bad to worse
(DBN)

California Takes On the Retirement Crisis
(DBN)

San Bernardino's pre-pendency plan won't go to the bankruptcy court
(DBN)

Frank talk on Stockton crisis
(DBN)

Should bankrupt California cities disincorporate?
(DBN)

State officials want new Central Falls mayor by January
(DBN)

Budget Cuts Devastate Cities
(DBN)

QE Goes Local: Towns Coin Their Own Currencies
(DBN)

_____________

Politics:

Romney Should Highlight Work With Troubled Companies, Thoma Says
(DBN)

Jacqueline Smith: Walk a mile in my high heels, Linda --- Senate Race Cheapened By Finance Focus --- After Blasts At Murphy, McMahon Pays Her Tax Late, Too
(DBN)

The Entire 2012 Presidential Election Will Be Decided By 8 Counties
(DBN)

Jobless Rate Rises in Five of 10 US Campaign Swing States
(DBN)

Sen. Scott Brown takes aim at Elizabeth Warren over asbestos litigation --- Scott Brown asbestos fact check: True but misleading
(DBN)

______________

Banking:

Baltimore bankruptcy lawyer pursues LIBOR-related actions against banks
(DBN)

The Seven Richest Bankers In America
(DBN)

Exactly Whose Money Did the London Whale Lose?
(DBN)

European lawmakers to question regulators over Libor
(DBN)

OCC worried banks are padding profits
(DBN)

______________

Hedge Funds:

Cayman Side Letters in the Spotlight
(DBN)

______________

Brokers:

Peregrine customers to get first payout
(DBN)

MF Global Trustee Sues Breakwater Trading for Alleged Breach
(DBN)

______________

Steel:

Future of RG Steel's Wheeling headquarters in question
(DBN)

______________

Corporate Governance:

Court Rules on Exit of Hedge Fund Partner
(DBN)

______________

Fraud:

Rajaratnam Classmate to Discover If He’ll Go to Prison
(DBN)

J.R. Dunn Jewelers settles lawsuit in Rothstein case
(DBN)

______________

Telecoms:

US House panel looks at FCC's 2011 LightSquared approval
(DBN)

GPS industry “late” in informing of LightSquared problems: FCC
(DBN)

______________

Video Games:

RI EDC review prompted by 38 Studios due this week
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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 Verizon-Idearc, Madoff, US Fidelis Sentence: Audio
(DBN)

______________

Bankruptcy Statistics:

WA: Bankruptcy filings on the decline
(DBN)

Adverse economic conditions the main reason for business bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

“Strong arm” powers Round 3: what happens if a mortgage is recorded before a deed?
(DBN)

_____________

IP:

'Sunbeam' Protects Trademark Licensees, But Questions Remain
(DBN)

Why Can't Kodak Sell Its Intellectual Property Assets?
(DBN)

_____________

Subordination:

Second Circuit Affirms Dismissal of Debtor's Attempted Subordination of Former Corporate Parent's Claim
(DBN)

______________

Tax:

Federal Court Schmears Taxpayer's Bankruptcy Claim
(DBN)

How Offshore Tax Shelters Work
(DBN)

______________

Litigation:

Litigating in Bankruptcy Court: Do You Know Where You Are?
(DBN)

______________

Mass Torts:

U.S. Considering Total Ban on Asbestos --- Asbestos in Canada: Loved no more
(DBN)

______________

Insurance:

SD insurance company being liquidated by state
(DBN)

______________

Skiing:

Bank Objects To Ski Resort's Bankruptcy Plan
(DBN)

______________

Pensions:

Financial Support Directions And Insolvency: The Pensions Regulator's View
(DBN)

401KExchange files for Chapter 7 bankruptcy
(DBN)

______________

Coal:

Roberts: UMWA pins Patriot bankruptcy on Peabody
(DBN)

Patriot Coal Announces Changes To Finance Team
(DBN)

______________

Alternative Energy:

Abound Solar auction 'went very well'
(DBN)

Ethanol Taking a Thrashing in Minnesota
(DBN)

EU U-turn Spells Doom for Biofuels Industry
(DBN)

U.S. poised to hand over $197 million to another solar panel start-up
(DBN)

______________

Utilities:

Beartooth Electric says merger, consolidation possible
(DBN)

______________

Hollywood:

Are West Palm Beach officials hiding something on Digital Domain?
(DBN)

Digital Domain's Port St. Lucie assets up for auction
(DBN)

Port St. Lucie expresses “grave concerns” about Digital Domain, shareholder sues ex-Chairman John Textor for fraud
(DBN)

Digital Domain Sold to China's Galloping Horse
(DBN)

Abu Dhabi's SFX studio gets a lifeline
(DBN)

______________

UK:

Baines & Ernst Shortlisted in the Insolvency and Rescue Awards 2012
(DBN)

Failing companies increase by a fifth
(DBN)

KPMG administrators to arrange pre-pack sale of JJB
(DBN)

UK: Retail Sales Growth Half Pre- Lehman Levels
(DBN)

______________

EU:

Distressed Investment in Europe in a Time of Statutory Change
(DBN)

European Stocks Gain on Spain Bailout Speculation
(DBN)

Mario Draghi Has Started A Quiet Revolution In Europe — And People Still Don't Get What Happened
(DBN)

European Leaders Struggle to Overcome New Crisis Stalemate
(DBN)

EU Risks Breakup Without Bank Union --- Merkel, Hollande EU Unity Pledge Fails to Stretch to Bank Union
(DBN)

Bailout fund boost to 2 trillion euros not feasible: German spokesman --- Will the Euro Zone's Bailout Firepower Ever Be Enough?
(DBN)

Fitch: Eurozone bond & CDS spreads may be in for bumpy few months
(DBN)

______________

PIIGS:

Why Greece's Neo-Nazis Are So Popular --- Give Greece more time, says French PM --- Greece braced for bailout delay --- Greece denies 20 billion euros budget shortfall Troika Nearly Doubles Estimate of Greek Shortfall ---
(DBN)

Catalonia Cries for Independence, Spain Might Break Apart, And Its Military Threatens To “Crush” The “Vultures” --- Germany Losing Patience With Spain as EU Warns on Crisis Effort
(DBN)

______________

Canada:

Our Thoughts and Prayers Are with Steven Golick
(DBN)

Canada a Slow Motion Version of Housing Bust
(DBN)

______________

Germany:

German businesses remain gloomy
(DBN)

German Economy Screeching to a Halt
(DBN)

Germany's Görg raids rivals for insolvency launches
(DBN)

______________

Australia

Ex-League star McCracken bankrupt
(DBN)

______________

MENA:

Hi-tech jobs in balance as Digital Domain files for bankruptcy
(DBN)

______________

Ukraine:

Ukraine's power grid insolvent
(DBN)

______________

Indonesia:

Telkomsel upbeat it will win Supreme Court appeal
(DBN)

Telkomsel's bankruptcy stirs fears
(DBN)

______________

Iceland:

Iceland Taps Hollywood for Next Steps in Recovery
(DBN)

______________

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Copyright 2012