September 28, 2012

The Daily Bankruptcy News

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Law:

Culture Keeps Firms Together in Trying Times
(DBN)

The Impact of Sequestration on Legal Services
(DBN)

Despite Getting Sued By Graduates, This Low-Ranked Law School Has More Applicants Than Ever
(DBN)

Warren mum on releasing clients' names --- Brown Attacks Warren's Character --- Did Elizabeth Warren Illegally Practice Law In Massachusetts, By Which We Mean New Jersey? :)--- Did Scott Brown Facilitate Predatory Loans?
(DBN)

Heading Into Another Term, K&L Gates Chair Kalis Talks Growth, Mergers, and Lateral Moves
(DBN)

With Fall Upon Us, It's Time for a Fresh Law Firm Lawsuit-Palooza
(DBN)

In campaign donations, DLA Piper skews toward Obama, Kirkland votes for Romney
(DBN)

Judge bars Latham from case, citing conflict dating back 17 years
(DBN)

Drinker Discovery Solutions: First step toward law firm diversification of revenue sources
(DBN)

Layoff Watch: McKenna Long Loses Luce Lawyers
(DBN)

CA: Tax debtors could lose DMV or professional licenses
(DBN)

Herbert Smith redeploys Hong Kong associates amid IPO slump
(DBN)

Who Represents America’s Biggest Companies?
(DBN)

From Biglaw to Boutique: Where Are They Now?
(DBN)

Aging Out
(DBN)

Law School Transparency: Bad deal book --- No further comment
(DBN)

Law School News—Chinese Students; Goldman's Analysts; and Clarence Thomas
(DBN)

Counsel Censured For Handling Document On Opposing Counsel's Table
(DBN)

Court Approves Suspension for Lawyer Who Stole Neckties
(DBN)

Boutique Firm Advertises Law Job That’s Above Minimum Wage (And Below Everyone’s Standards)
(DBN)

ACLU Says The Feds Might Be Using License Plate Readers For Mass Surveillance
(DBN)

McDermott Chronicles Move from K Street to the Hill on Tumblr
(DBN)

Lawsuit of the Day: Penguin v. Wurtzel (and Other Authors)
(DBN)

Chicago Prosecutor Placed on Leave After Accusations She Bit Man at Adult Store
(DBN)

Depo Diaries: How Lil Wayne Introduced Litigator Pete Ross to Rap World
(DBN)

Teens Laugh While Viciously Beating Woman
(DBN)

Report: Anti-Muslim Filmmaker Arrested By Feds
(DBN)

Portland, CT Public Library Bans "Furries"
(DBN)

"The Good Wife" - Female lawyers and our mothers/ourselves
(DBN)

Say What?!
(DBN)

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Judges:

Justice Alito's yearbook entry reveals his love of sidewalk cafes
(DBN)

Barney Frank calls Scalia a 'homophobe'
(DBN)

5th Circuit Chief Judge Edith Jones to relinquish "chief" title
(DBN)

Kagan offers a view of a Justice's working life
(DBN)

Judicial confirmation process: It takes more than 200 days to join the federal bench
(DBN)

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Wall Street:

US Stock Futures Are Little Changed
(DBN)

Stocks close higher after a week of losses, S&P 500 at five-year high
(DBN)

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Layoffs:

Initial jobless claims fell sharply last week to 359,000
(DBN)

US revises hiring numbers: 453,000 more jobs added in third year of recovery
(DBN)

Workers give up in Los Angeles --- Thousands of American Workers to Bail
(DBN)

The 12 Most Underrated Jobs In 2012
(DBN)

The Most Overrated Jobs 2012
(DBN)

The 10 Majors That Pay The Most After Graduation
(DBN)

NFL Refs Will Make $200000 For Working 20 Days A Year
(DBN)

I'm Sick Of My Unemployed Husband
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Creditor Lawsuit Could Undo Elements of 2009 GM Bailout
(DBN)

Lawsuit could cost GM $918 million
(DBN)

GM's First Mover Disadvantage
(DBN)

European carmakers braced for grim future --- Car Makers Confront Europe's Gloom
(DBN)

No respite in European car slump, says Renault's Ghosn
(DBN)

Ford Says European Dealers Selling Vehicles to Themselves
(DBN)

Fiat-Chrysler merger still on track despite lawsuit-CEO
(DBN)

GM-Peugeot Talks Slow --- Peugeot CEO: No Recovery for Years
(DBN)

GM says ‘nobody’ makes money in Europe as VW sees bankruptcies
(DBN)

Mediation rejected for Delphi pensioners --- Delphi Workers Will Press on Despite Setback
(DBN)

Buffett-backed BYD says vice president resigns amid restructuring
(DBN)

Fiat CEO says Europe car plant closures more likely
(DBN)

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Celebs:

Baseball's Jose Canseco: More money, more problems
(DBN)

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Food/Beverage:

(Pronounced Chap-ter Eye-le-ven)
(DBN)

Judge terminates deal to sell Wolfgang Candy
(DBN)

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Golf:

Cordillera Golf Club settles litigation, to be sold
(DBN)

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Utilities:

Metro Fuel Oil Files Bankruptcy in Brooklyn With Sale Plan
(DBN)

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Fraud:

Ex-Bawag Chief Sues Bank, Cerberus Over Refco Fraud
(DBN)

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Economy:

Second-quarter U.S. growth cut to 1.3%
(DBN)

Jobless Claims in U.S. Fall More Than Forecast to Two-Month Low --- Labor Department Finds US Economy 386,000 Jobs Stronger --- Obama Economy Has Created Jobs as Payroll Revisions Raise Count
(DBN)

Plunge in Goods Orders May Restrain US Expansion
(DBN)

Two Reasons to expect Economic Growth to Increase
(DBN)

Durable Goods Orders Collapse 13.2%
(DBN)

Where the 47% Live
(DBN)

Fitch: Fiscal Cliff 'Biggest Threat' To Economy
(DBN)

Slew of economic reports paints mixed view of economy's health
(DBN)

Bailouts: 'Insolvent Institutions Should Be Closed'
(DBN)

US Treasury's Geithner urges action on money market funds
(DBN)

It Looks Nearly Certain That Manufacturing Is Now In Recession
(DBN)

Census: Americans' Incomes Have Fallen $3,040 During 'Recovery'
(DBN)

Some federal agencies delinquent on payroll taxes
(DBN)

US Debt Clock
(DBN)

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Real Estate:

ResCap to Begin Talks With Creditors on Reorganization
(DBN)

Seriously delinquent mortgages hit three-year low
(DBN)

Pending home sales fall 2.6% in August
(DBN)

Mortgage rates plummet to new lows
(DBN)

Forget the flood of desirable foreclosures
(DBN)

Mortgage Fraud Drove Retired Couple Into Bankruptcy
(DBN)

Banks trying to move past robo-signing
(DBN)

Freddie Mac Wins Dismissal of Securities Fraud Lawsuit
(DBN)

The Next Problem in Housing: The Walk-Away
(DBN)

Builders put home buyers into credit boot camp
(DBN)

Las Vegas: Builder will have to adjust bankruptcy plan
(DBN)

What Law to “Choose” in Commercial Mortgage Loan Docs? Simple.
(DBN)

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Municipalities:

Are Pension Wars Coming in CA Municipal Bankruptcies?
(DBN)

Judge to decide if Birmingham has a role in Jeffco bankruptcy
(DBN)

Goldman Sachs Will Pay $14.4 Million to Settle Pay-to-Play Cases
(DBN)

A Message From the City That Went Bankrupt
(DBN)

Broke RI city's charged ex-mayor: I owe an apology
(DBN)

Bankruptcy would allow Allentown to void union contracts
(DBN)

Moody’s Investors Service Predicts More Pain in California
(DBN)

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Aviation:

AA spokesperson: 'We can't sustain this'; hundreds of flights canceled
(DBN)

AMR loses $82 million in August (but makes $4 million profit excluding reorganization items)
(DBN)

American Airlines Fliers Fed Up As Labor Clash Rages
(DBN)

APA: Airline’s threat has stopped chances for negotiations for the time being
(DBN)

Pilots union cuts negotiation talks with American
(DBN)

AA pilots call threat of legal action a 'sucker punch' --- APA President Says Pilots Must Stop Any AA Slowdown Efforts --- APA President's Letter to Union Members
(DBN)

US Airways flight attendants turn down second tentative agreement in six months
(DBN)

Hawker Beechcraft Still Hasn't Found Financial Footing
(DBN)

Southern Air files for bankruptcy protection
(DBN)

No progress on debt talks at India's Kingfisher
(DBN)

______________

Mail:

USPS Requests Help From Congress As It Approaches Insolvency
(DBN)

______________

Debt Collection:

Finalists revealed for Debt Collection Awards 2012
(DBN)

______________

Corporate Reform:

When Will the SEC Finally Go After the Auditors?
(DBN)

______________

Banking:

Major banks hit with biggest cyberattacks in history
(DBN)

Libor's New Masters --- U.S. Libor Probers Said to Seek London Trader Interviews --- British Authorities to Announce Changes in Libor Oversight
(DBN)

El Paso company plans purchase of struggling Colorado bank
(DBN)

______________

Textiles:

Westerly textile mill goes into receivership
(DBN)

______________

Alternative Energy:

Solar company with U.S. loan guarantee opens factory
(DBN)

First Solar May Supply World's Biggest Solar Power Plant
(DBN)

______________

Electricity:

Two New York power plants will be auctioned by Dynegy
(DBN)

______________

Brokers:

Peregrine Pays the Price
(DBN)

SEC: brokers need better controls on confidential material
(DBN)

______________

Distressed Investing:

Junk bond investors eye 'fallen angels'
(DBN)

______________

IP:

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

______________

Paper:

Baron Brant Pledges Warhols to Revive Family Business
(DBN)

______________

Labor:

In Great Recession, What Is Union's Role in Company Reorganization?
(DBN)

______________

Student Debt:

Student debt stretches to record 1 in 5 households
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (55 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (54 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 Patriot, 5th Circuit, ResCap Liens, Want Ads: Audio
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

Trustee files preference actions in Moll Industries bankruptcy
(DBN)

______________

DIP Finance:

Arcapita seeks court approval of first-ever Islamic DIP facility; “Murabaha DIP,” requires approval by a shari’ah advisory board
(DBN)

______________

Appeals:

Appeal-Proof: Court of Appeals Jurisdiction Over Orders Concerning Stays Pending Appeal
(DBN)

______________

Litigation:

Defending Directors and Officers Against Breach of Fiduciary Duty Claims in Bankruptcy
(DBN)

______________

Telecoms:

Sprint's bankruptcy risk recedes
(DBN)

______________

Stadiums:

Bankruptcy court may decide future of Knight’s Stadium
(DBN)

Deal opens First Arena to Elmira Jackals
(DBN)

______________

Movie Theaters:

Former owner's iffy decisions hurt Dickinson Theatres
(DBN)

______________

Gambling:

Chickasaw subsidiary to buy two casinos out of bankruptcy
(DBN)

______________

Coal:

UMWA Turns Out the Grassroots Troops in Patriot's Chapter 11
(DBN)

______________

Video Games:

Another law firm files bill in 38 Studios case
(DBN)

______________

Bankruptcy Crimes:

Former Houston Businessman Convicted of Bankruptcy Fraud
(DBN)

Burkeville Woman Faces Up to 5-Years in Prison for Bankruptcy Fraud
(DBN)

______________

Marketing:

Trustee Seeks to Sell Assets of Duluth-Based 50 Below
(DBN)

______________

Corporate Governance:

Delaware Court Determines Controlling Stockholders Has No Duty Of Self-Sacrifice For The Benefit Of Minority Stockholders
(DBN)

______________

UK:

Cross Border Restructuring and Insolvency Update - September 2012
(DBN)

Asil Nadir tells court he is bankrupt
(DBN)

The British economy is coming out of recession, and is stronger than almost everyone believes
(DBN)

UK: GDP Downturn Compared to All Recessions
(DBN)

Retailers face 'perfect storm' of September rent day
(DBN)

______________

EU:

Europe's Austerity Madness
(DBN)

Euro zone ESM bailout fund to charge symbolic margin for help
(DBN)

Europe corporate defaults rising
(DBN)

Ernst & Young warns of ?lost decade? for eurozone
(DBN)

Europe stocks extend recovery before Spain bank audit
(DBN)

______________

PIIGS:

Spain's 2013 Budget Highlights The Powerlessness Of The ECB --- For Sale, Cheap: The Cranes in Spain --- Spain's next crisis: Regional splits? --- Why Do Spanish Firms Rarely Use the Bankruptcy System? --- The rage in Spain --- Doubts Still Hang Over Spain, Bailout Looms
(DBN)

Quinn Group victim of 'significant sabotage' since company went into receivership
(DBN)

Portugal needs austerity to keep creditors ' confidence - PM
(DBN)

Greek coalition reaches basic savings agreement --- Greece needs more time, help from lenders, Lazard's Pigasse says
(DBN)

Italy's South Is Headed For Economic Meltdown
(DBN)

______________

Canada:

Bre-X hearing postponed two months as bankruptcy trustee seeks to dismiss class-action claims
(DBN)

Toronto man charged with fraud relating to the bankruptcy process
(DBN)

Canada's top court won't hear Crystallex appeal
(DBN)

Nortel fraud trial: Closing arguments begin --- Crown: 'cookie jar accounting' at Nortel
(DBN)

______________

Germany:

Germany's insolvent Voerde Aluminium to continue production
(DBN)

______________

MENA:

Abu Dhabi bank sues Dubai crown prince's firm
(DBN)

______________

India:

An Indian conglomerate in trouble: Scotch on the rocks
(DBN)

______________

Vietnam:

Moody's cuts Vietnam rating on bank weakness
(DBN)

______________

Korea:

Corporate bankruptcy filings jump 10-fold in 5 years
(DBN)

______________

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Copyright 2012