September 5, 2012

The Daily Bankruptcy News

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Law:

A Welcome Ruling for the New Law Firms of Refugees from Bankrupt Firms --- Thelen loses clawback case against Seyfarth --- The Opinion
(DBN)

Dewey Collude With Citi To Screw Individual Partners? --- Ex-Dewey partner claims Citibank conspired to lure laterals --- Former Dewey Finance Head Sanders Lands at Florida Firm
(DBN)

WilmerHale, Jenner, Hunton, Skadden: Business of Law
(DBN)

Growth is Dead
(DBN)

Now Hiring: Thousands of Lawyers
(DBN)

Andrews Kurth's incoming associates will spend much of September at a boot camp for business skills
(DBN)

DLA London restructuring partner relocates to HK
(DBN)

NYC Bankruptcy Boutique Is Acquired by Minn. Firm
(DBN)

Recession Boosts Employment Law Demand While Other Practice Areas Decline
(DBN)

Top Bank Lawyer’s E-Mails Show Washington’s Inside Game
(DBN)

Understanding Solo Practice Advice From Non-Practicing Lawyers
(DBN)

Eight Qualities of a New Normal Legal Entrepreneur
(DBN)

Biglaw Lady Issues (Part 3)– Different Treatment?
(DBN)

When Work-Life Balance Programs Are Poorly Managed, ‘Office Class Warfare’ Emerges
(DBN)

NFL Players Settle Malpractice Suits With McKool and Manatt
(DBN)

How the University of Alabama Got Ranked 'Best' Law School
(DBN)

Law Dean Gives Worst Advice Advice To Minorities Since Someone Told Native Americans To Have A Drink
(DBN)

Law School Transparency: The MBA option?
(DBN)

The App 100: The World's Greatest Apps
(DBN)

A Closer Look at Adam Reposa, Everyone’s Favorite Maniacal Truck-Smashing Lawyer
(DBN)

Partner Resigns over ‘General Custer’ Email
(DBN)

Skilled Jailhouse Lawyer Is Now in Law School, Thanks to Bill and Melinda Gates
(DBN)

Did This Alleged Murderer Get Some Help From a ‘Little Buddy’?
(DBN)

Federal judge orders Massachusetts to pay for killer's sex change
(DBN)

Woman Arrested Four Times In 36 Hours
(DBN)

Lawyer Squeezed for Space Files Panel-Cartoon Brief
(DBN)

Drive-By Tebowing Reported
(DBN)

"Breaking Bad" - Could Walter wind up offing Hank next summer?
(DBN)

Cops: Mother Forces 10-Year-Old Boy To Rob House
(DBN)

Unearthed Gold Coins Belong to Uncle Sam
(DBN)

Court OKs Emotional Distress Damages for Owners Of Battered Dog
(DBN)

Say What?!
(DBN)

______________

Judges:

Open courts healthy for Delaware and dealmakers
(DBN)

Empty Benches
(DBN)

Scalia's Flawed Book on Reading Law
(DBN)

Judge Says He Is Fair But Accepts Recusal Request by Cozen Firm
(DBN)

NY Judicial Conduct Commission Seeks Input re Judicial License Plates and Potential Ticket Issues
(DBN)

Cameras Go Untested in Federal Court Because of Lack of Litigant Interest; Do Viewers Care?
(DBN)

Courthouse touchscreen elevator system causes big traffic buildup
(DBN)

The Supreme Court's Point Person For Execution Cases Is A Favorite Target Of The 'Birthers'
(DBN)

Murder Of This Judicial Whistleblower Points To A Cover-Up?
(DBN)

Recusal Motion Cites Girl-Scout-Cookie Purchase
(DBN)

Candidate fined for wearing judge's robes in photo
(DBN)

Mo. Judge Who Had Clerks Handle Call While on Vacation in China Is Suspended with Pay From $109K Job
(DBN)

______________

Wall Street:

US stock index futures point to lower start
(DBN)

Markets Are Diving In Europe
(DBN)

U.S. Stocks Recover From Early Declines
(DBN)

______________

Layoffs:

The Real Reason The American Jobs Market Is In Such Bad Shape
(DBN)

America's Disappearing Jobs
(DBN)

Why so many jobless recoveries? It’s the robots.
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

_____________

Student Debt:

Can You Show ‘Undue Hardship’ On Your Student Loans? You May Be Surprised.
(DBN)

Fed push to collect student loans in bad economy fuels growth in filings
(DBN)

______________

Private Equity:

Buy-out groups face grilling on tax breaks
(DBN)

Greed, debt and Matt Taibbi
(DBN)

______________

Museums:

Virginia Judge Throws Out Slavery Museum's Bankruptcy Filing
(DBN)

______________

Celebs:

Trustee: Young Buck IP Sale No Longer Worth It
(DBN)

_____________

Retailing:

Ultra Stores, Filene's Battle Over Lost Profits
(DBN)

______________

Religion:

Money, politics fought over in church's bankruptcy case
(DBN)

Seminary now feeling Morris Brown's financial pains
(DBN)

Lyons' church files for Chapter 11
(DBN)

______________

Furniture:

Linwood Furniture to learn its fate Wednesday
(DBN)

______________

Hollywood:

Film Financier David Bergstein’s $50M Case Against 2nd Ex-Lawyer Tossed Out
(DBN)

______________

Debt Collection:

Recession Sparks Bonanza for Collection Agencies
(DBN)

Debt Collector Misled Borrowers, Court Says
(DBN - NY Times - Paywall Limit Possible)

______________

Corporate Reform:

Mighty Who Fell Wield Wrong Kind of Clout
(DBN)

______________

Economy:

Manufacturing another headache for US economy --- Shrank in August for Third Month
(DBN)

Americans' Economic Confidence in August Ties 2012 Low
(DBN)

The Fed – the Mouse that Roared
(DBN)

Fed Is Killing The Recovery With Quantitative Easing
(DBN)

Economic blow in key week for Obama
(DBN)

The National Debt Has Exploded Nearly $5 Trillion Under Obama
(DBN)

FedEx, One Of The World's Biggest Bellwethers, Cuts Its Forecast --- Projects First Earnings Drop Since 2009
(DBN)

Why not to expect recovery anytime soon
(DBN)

Record 46 Million Americans Are on Food Stamps
(DBN)

Are We Already Falling Off the Fiscal Cliff?
(DBN)

Are Americans Better Off Than 4 Years Ago?
(DBN)

SocGen: A Depressing Global Outlook For The Next 4 Years
(DBN)

PayNet: July Small Business Lending Signals Caution
(DBN)

NACM: Solid Improvement in August Credit Managers Index
(DBN)

Middle Class Blaming Wrong People for Losses
(DBN)

Switzerland tops World Economic Forum global competitive rankings --- US Slips
(DBN)

Michelle Obama: He'll Fix Economy; Change Takes Time
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Eminent Domain: Desperate Measures
(DBN)

Home Prices Up 3.8% In July, Biggest Increase Since August '06 --- Phoenix home prices up 20 percent from year ago to lead nation
(DBN)

Home Prices Are Not Rebounding as Fast as You Think
(DBN)

ResCap bidders line up for rare subprime mortgage sale
(DBN)

Former WaMu units reach $26 mln settlement in mortgage securities case
(DBN)

Construction spending falls in July
(DBN)

Foreclosure sales drop to lowest level since 2008: Clear Capital
(DBN)

Housing: Inventory down 23% year-over-year in early September
(DBN)

Banks using short sales to meet robo-signing obligations
(DBN)

More Evidence That Home Prices Have Hit Bottom
(DBN)

Assessing Fannie's Past and Future
(DBN)

Banks prep lending facilities for foreclosure-rental bonds
(DBN)

County gets tough on adverse possession squatters
(DBN)

More details emerge in Berjac of Portland and Berjac of Oregon
(DBN)

CMBS Delinquency Rate Dropped In August
(DBN)

Lehman's Detroit Escape Means 90% Loss on Properties
(DBN)

The 7 Worst Housing Markets In The World
(DBN)

___________

Autos:

Chrysler Leads US Automakers' August Sales Gains
(DBN)

Bankruptcy Forces Auction of 12 Ferraris (and a Thunderbird)
(DBN)

$9,500 Lamborghini
(DBN)

______________

Banking:

Big banks are increasingly reliant on the cheapest funding available: your deposits
(DBN)

Citi Hid Financial Problems Before Meltdown
(DBN)

Moody's: Outlook on US Banks Still Negative
(DBN)

Moody’s says low interest rates, weak growth to challenge US banks over the next 18 months
(DBN)

StanChart hit may not dog other banks as much as feared
(DBN)

Libor probe claims Barclays executive and a trader --- US States Eye Huge Settlement With Banks Over Libor
(DBN)

______________

Brokers:

Peregrine trustee weighs suits to recover assets
(DBN)

______________

Aviation:

AMR Can Reject Labor Contract With Pilots, Judge Says
(DBN)

American Airlines: We’ll be disclosing our plans to pilots in the near future
(DBN)

APA president urges American Airlines to be careful in implementing changes
(DBN)

Creditors committee: American Airlines must have pilots deal before leaving bankruptcy
(DBN)

US Airways, AMR Merger's Biggest Advocate Is Union Leader and Mom
(DBN)

AA, Pilots Union Battle in Court
(DBN)

Why IAG Is Mulling a Stake in AMR
(DBN)

Powerful bankruptcy club hangs over Pinnacle Airlines labor talks
(DBN)

A Little Longer For Hawker Beechcraft
(DBN)

American, United Must Face Trial for Twin Towers’ Destruction on Sept. 11
(DBN)

______________

Health Care:

Natchez Regional now out of bankruptcy
(DBN)

Dobbs now seeking $1.54 million from Bamberg
(DBN)

______________

Gambling:

Judge in Unshuffled Cards Case Tells Casino to Ante Up $1M to Cash Players’ Chips; Appeal Planned
(DBN)

B.B. King's at Mirage may be facing last call
(DBN)

______________

Defense:

Defense industry bracing for further budget cuts
(DBN)

______________

Prisons:

Prisons Under Pressure as the Cost of Freedom Rises
(DBN)

______________

Tech:

Elpida Files Opposition to Bondholders Move to Stop Micron Sale
(DBN)

____________

Telecoms:

RIM's record short interest shows turnaround doubt
(DBN)

______________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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 Kodak Loss, Jefferson County, Student Loans: Audio
(DBN)

______________

Bankruptcy Statistics:

Hawaii bankruptcies down for 18th straight month
(DBN)

Paul Ryan's B------- About Bankruptcy Data
(DBN)

San Antonio-area bankruptcy filings rise in August
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Executory Contracts:

Splitting contracts in bankruptcy—debtors take the good without the bad
(DBN)

Lease assumption: what if the store has gone “dark”?
(DBN)

______________

Tax:

Piqued Interest in Interest: Tax Court Rules on Postpetition and Postconfirmation Interest on Tax Claims (Part Two)
(DBN)

______________

Cross-Border:

In re Ashapura: Southern District of New York Holds that Proceeding Under Repealed Foreign Law is Entitled to Chapter 15 Recognition
(DBN)

______________

Fraud:

3rd Lawyer from Shuttered Rothstein Law Firm Is Disbarred After Criminal Conviction
(DBN)

New York Accuses Madoff Trustee of Intimidation Over Merkin --- Seeks New Judge
(DBN)

Ex-Altera Executive Said Ready to Plead Guilty Over Tips
(DBN)

______________

Municipalities:

San Bernardino: Council members mull over bankruptcy plan
(DBN)

Back-to-school budget cuts
(DBN)

San Jose Cops Rush Disability Retirement Bids as Rules Tighten
(DBN)

Who Are America's Schools Laying Off? Not Teachers, Mostly
(DBN)

______________

Politics:

Elizabeth Warren's political education
(DBN)

_____________

Alternative Energy:

Bankruptcy tax write-offs concern county
(DBN)

Solyndra backers could reap $341 million in tax breaks
(DBN)

Solyndra to Add Tax-Break Information to Exit Plan
(DBN)

Red Carpet for Solyndra Figure at Democratic Convention
(DBN)

______________

Oil/Gas:

Delta Petroleum, Now Renamed Par Petroleum, Exits Chapter 11
(DBN)

Oil Prices Re-enter the Danger Zone
(DBN)

______________

Mass Torts:

US accuses BP of gross negligence in gulf --- Lays out examples of "gross negligence" by BP
(DBN)

______________

Coal:

Consol to idle mines; other coal company shares fall
(DBN)

______________

Defaults:

Leveraged loan default rate edges higher in August
(DBN)

Corporate defaults are on the rise
(DBN)

______________

UK:

Pension Plan Sues Citigroup for $9 Billion
(DBN)

Celebrities “regularly” dodge tax, says TUC
(DBN)

Significant change to bankruptcy fees
(DBN)

Travelodge creditors support restructure deal
(DBN)

______________

EU:

S&P: 2/3 of European CMBS maturing loans fail to repay in 2012
(DBN)

Euro-Area Manufacturing, Services Contract More Than Estimated
(DBN)

Euro Zone in Deepening Slide
(DBN)

Moody’s Changes Euro Zone Rating Outlook to ‘Negative’
(DBN)

Fed Watching ECB Just as Closely as Markets Are
(DBN)

7 Top Wall Street Economists Preview Thursday's Huge ECB Meeting
(DBN)

Draghi's Bond 'Bikini' Slips
(DBN)

Depression, Suicides Rise as Euro Debt Crisis Intensifies
(DBN)

______________

PIIGS:

Greek tax evasion, mapped and crunched
(DBN)

Panicking Spaniards Pull Out Cash, Leave Country
(DBN)

______________

China:

Two thirds of China's property developers will go bankruptcy : Expert
(DBN)

______________

Israel:

Tel Aviv court seizes ATP's Israeli gas licenses
(DBN)

______________

Cuba:

Cuba Is Reforming, But Wealth And Success Are Still Frowned Upon
(DBN)

______________

MENA:

Dubai's Limitless to sign $1.2 bln debt deal in Sept
(DBN)

______________

Poland:

Bankruptcies on the rise in Poland
(DBN)

Polish Civil Code Art. 490: a remedy for tough times
(DBN)

______________

Australia:

Australia’s Economy Is In Worse Shape Than We Thought
(DBN)

______________

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Copyright 2012