April 1, 2013

The Daily Bankruptcy News

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Law:

The Crisis at America's Biggest Law Firms
(DBN)

Law graduates' jobs rate—and unemployment rate—increase only slightly
(DBN)

Losing the Law Business
(DBN)

Detroit's Use of Kevyn Orr's Law Firm: A Conflict of Interest?
(DBN)

'Churn that bill, baby' email highlights unfortunate billable hour system, ex-BigLaw partner says --- DLA Piper Is Not Alone: Why Law Firms Overbill --- 'Flippant' Emails Won't Affect Relationships, In-house Lawyers Say --- It's more telling when someone who's been a partner at a major law firm complains about the billable hour than when an academic does it.
(DBN)

Ex-Lawyer: I Was Tainted Forever After Getting Laid Off From A Big New York Firm
(DBN)

New figures pour cold water on partnership dreams
(DBN)

Howrey Partners Are Assailed on the Law Firm's Demise
(DBN)

Attorneys Weigh in on Citigroup Contract Lawyer Fees
(DBN)

Attorney sanctions reversed, bankruptcy judge 'abused discretion'
(DBN)

The Tyranny of the Billable Hour
(DBN)

How to Save on Legal Costs
(DBN)

Lanny Breuer returns to Covington as vice chair
(DBN)

No Bias in Firing of Former Partner, Ropes Claims
(DBN)

Law firms ignoring work-life balance issues --- Work-Life Balance and Unhappy Associates
(DBN)
(DBN)

The end of workplace flexibility?
(DBN)

A bookkeeper’s discovery while managing partner vacationed leads to partner’s disbarment
(DBN)

The Bankruptcy Files: AMR-US Airways Merger Seeks Liftoff
(DBN)

TD Bank ordered to disclose settlements with creditors
(DBN)

Dealmakers of the Year
(DBN)

Coming To Grips With Plagiarism
(DBN)

The Third Step in Leaving Law Behind — Do What You Are Good At
(DBN)

Leverage mobile apps to improve your practice
(DBN)

Courts Zap Plaintiffs, Their Lawyers for Bad Behavior
(DBN)

Law Schools: Pardon My Cynicism
(DBN)

Northwestern Law Dean: Let Students “Vote With Their Feet”
(DBN)

Barely half of all 2012 law grads have long-term, full-time legal jobs, data shows
(DBN)

Job stats suit against New York Law School hits final roadblock
(DBN)

Drexel University's Law School to Offer Two-Year J.D. Program
(DBN)

Government Data Reveal Freestanding Private Law Schools' Growing Reliance on Grad PLUS Loans
(DBN)

Detroit’s Clark Hill to meld with Pittsburgh-based Thorp Reed, forming 300-lawyer firm
(DBN)

Law Firms Tout Cybersecurity Cred
(DBN)

Housewives Are Now Neo-Feminists?
(DBN)

Latham & Watkins faces conflict charge
(DBN)

Ex-Bingham Associate With Sleep Disorder Wins Round at Appeal Court
(DBN)

Orrick's Next Act
(DBN)

Ex-MoFo Partner Disbarred for Fake Billing Scheme
(DBN)

Bankruptcy attorney Pleads Guilty To Tax Evasion
(DBN)

Money Advice for Doctors and Lawyers and the Rest of Us
(DBN)

Law firm sues former name partner, says he took over $1M in unauthorized compensation
(DBN)

Texas DA and his wife murdered in their home
(DBN)

Lawyer explains what it's like to represent guilty clients
(DBN)

When the 'Harlem Shake' Bumps Against Workplace Policy
(DBN)

Armed Robber Suffers Heart Attack During Jewelry Heist
(DBN)

Zumba Instructor Admits To Running Brothel Out Of Her Fitness Studio
(DBN)

Adam Lanza Fired 155 Rounds in 5 Minutes --- Cache of weapons found in Newtown gunman's home --- California's Gun Repo Men Have a Nerve-Racking Job
(DBN)

Two Fifth-Graders Plotted Killing A Classmate, Prosecutor Says
(DBN)

Cops Are Fighting Over The $1 Million Reward Promised In Hunt For Ex-LAPD Officer
(DBN)

Lawyer Still Hustlin’
(DBN)

Can a Lawyer Wear Leopard Print to Work?
(DBN)

Grandmother and grandson to have child together
(DBN)

Man Sentenced To Be 'Fully Paralyzed' For Stabbing His Friend
(DBN)

Woman Arrested For Calling 911 To Get Help Ordering Chinese Food
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge Samuel Bufford elected to the American Law Institute
(DBN)

MS: Court hosts ceremony for newest judge
(DBN)

The compelling case for cameras
(DBN)

Jon Stewart Slams Scalia For Gay Marriage Arguments
(DBN)

Colbert Takes On DOMA Supreme Court Decision, Chief Justice
(DBN)

Judge admits sex with witness in chambers, but says it didn’t affect his decision-making
(DBN)

Scott Steiner's Sex Court
(DBN)

Budget Cuts Start to Hurt Courts
(DBN)

Moonlighting judges collect corporate pay
(DBN)

Justice Kennedy's one-man show
(DBN)

The Funniest Justice, week 12: Skimming for laughs
(DBN)

This might be why Justice Scalia was so tame during the gay marriage fight
(DBN)

Justice Sotomayor Talks Marriage, Divorce And What It's Like To Be On The Supreme Court
(DBN)

Federal judges take scores of junkets, investigation finds --- Iowa bankruptcy judge tops list in seminar travel
(DBN)

No One is Immune from Credit Card Fraud, Not even the Chief Justice
(DBN)

DA disqualified in case where judge was victim
(DBN)

Judge who was videotaped screaming at litigants is ousted
(DBN)

Judge of the Day: Old Yeller Learns His Fate
(DBN)

Former Georgia State Judge Is in the Soup
(DBN)

______________

Wall Street:

US Futures Are Lower After Down Day In Asia
(DBN)

______________

Layoffs:

Where Unemployment is Below 5%
(DBN)

America’s Forgotten Economic Challenge
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

Banks win dismissal of most rate-rigging claims
(DBN)

US Banks Made $32Bn on Overdraft Fees in '12
(DBN)

Bank of Wausau ordered to raise capital or find a buyer
(DBN)

La-La Libor Lawsuit Land
(DBN)

Banks’ $1.6T secret
(DBN)

______________

Autos:

Fisker's Flameout: Not Much Karma Left for Struggling Automaker
(DBN)

Fisker hybrid carmaker furloughs hundreds
(DBN)

Fisker mulls bankruptcy as investor search persists --- Hires law firm to prepare possible bankruptcy filing
(DBN)

UAW Membership Rises to Highest Level Since 2008
(DBN)

______________

Banking:

Ex-bank CEO faces penalties
(DBN)

US banks shrug off LBO worries
(DBN)

Towns See Banks Cut Back Branches
(DBN)

______________

Pensions:

Rally in support of miners' benefits set Monday
(DBN)

______________

Coal:

Patriot Coal bondholders seek trustee for bankruptcy
(DBN)

Miners have right to protest against Patriot Coal
(DBN)

UMWA planning large Patriot Coal protest in W.Va.
(DBN)

______________

Hotels:

Why all long-term hotel management agreements are now terminable
(DBN)

Roberts brothers sell Dallas hotel for $3.5 million
(DBN)

Aspen lodge says it will operate through bankruptcy
(DBN)

LodgeNet emerges from bankruptcy with new chairman, CEO
(DBN)

______________

Symphonies:

Nashville Symphony Facing Financial Hurdle
(DBN)

______________

Economy:

Jobless claims climb more than forecast last week
(DBN)

Is the US Manufacturing Renaissance Real?
(DBN)

Use of Food Stamps Swells Even as Economy Improves
(DBN)

Median Household Income Down 7.3% Since Start of Recession
(DBN)

Consumer sentiment rises in March
(DBN)

Consumer Spending in U.S. Increases by Most in Five Months
(DBN)

Don't Call It a Consumer Comeback Just Yet
(DBN)

US Economy Expanded 0.4% in 4Q
(DBN)

Krugman: David Stockman Is Just A Cranky Old Man --- David Stockman: We've Been Lied To, Robbed, And Misled
(DBN)

Fed Stimulates Both Haven and Risk
(DBN)

At 27, Kids Aren't Ashamed To Live Off Their Parents
(DBN)

Social Security, Present and Future
(DBN)

Bitcoin May Be the Global Economy's Last Safe Haven --- Is Bitcoin Money?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US foreclosure inventory up 9%, says RealtyTrac
(DBN)

Washington law firm sues bank regulator over foreclosure reviews
(DBN)

Distressed CRE: It's a Seller's Market
(DBN)

Hamp-ered credit
(DBN)

Foreclosures Not All Behind Us
(DBN)

California AG beefs up legal task force for foreclosure cases
(DBN)

Oregon, California record largest declines in unlisted foreclosures
(DBN)

Are Homes Worth More Than 4 Tears Ago?
(DBN)

Jobs: The missing piece in the foreclosure crisis?
(DBN)

Super liens a super risk to homeowners
(DBN)

New charges alleged in mortgage fraud case
(DBN)

The 10 Most Expensive Homes For Sale In New York City Right Now
(DBN)

____________

Fraud:

ZeekRewards scam leaves N.C. town millions poorer --- ZeekRewards Operator To Pay Up But Still No Charges
(DBN)

Receiver proposes process for ZeekRewards claims
(DBN)

More trouble for Cohen's SAC Capital as Steinberg indicted in NY --- Brings New Dynamic to Investigation
(DBN)

SAC Capital portfolio manager arrested in NY
(DBN)

Probe getting close to Steve Cohen
(DBN)

3 Dozen Educators Indicted In Massive Cheating Scandal
(DBN)

Authorities Indict Two Men For 'Quick-Fix Scheme to Hide Assets' For Ponzi Scheme Suspect
(DBN)

______________

Celebs:

Dionne Warwick: dizzying downfall of a bankrupt diva
(DBN)

The Broke and the Beautiful: Dionne Warwick Edition
(DBN)

Celebrated Wine Country chef Lisa Hemenway files bankruptcy
(DBN)

'Troubleshooter' Martino off the hook for luxury-travel charges
(DBN)

Judge Judy's Son: The Sheriff is Picking on Me
(DBN)

______________

Awards:

International Women’s Insolvency & Restructuring Confederation (IWIRC)Honors 2013 Founders Awards Recipients
(DBN)

______________

Alternative Energy:

Battery Maker A123 Changes Name To B456 --- A123 name change gets points for creativity
(DBN)

______________

Municipalities:

Pensions at heart of bankruptcy
(DBN)

A 'gorilla' in this bankruptcy trial
(DBN)

Mayor walks Rhode Island capital back from brink of bankruptcy
(DBN)

Stockton: Bankruptcy is not city's silver bullet
(DBN)

Stockton bankruptcy decision only the beginning --- Stakes high --- Stockton ruling seen key to US cities' bankruptcy options
(DBN)

CalPERS defends state constitution in Stockton case
(DBN)

Suit filed against Michigan's emergency financial manager law
(DBN)

Federal judge stops Flint emergency manager's cuts to retiree benefits --- Flint City Council president, bishop among those named in emergency manager lawsuit
(DBN)

Sharpton jumps into federal lawsuit, fight over emergency managers --- Calls Emergency Manager law a race issue --- Lawsuit, Protests Challenge Michigan Emergency Manager Law
(DBN)

Comparing the new emergency manager law with the one repealed by voters
(DBN)

Michigan official wants progress in Detroit before funds released
(DBN)

Detroit Public Schools' Emergency Manager To Fire Superintendent
(DBN)

Detroit – Can You Really Manage a City Like a Business?
(DBN)

Governor Synder, A Table-for-One
(DBN)

The 11 Most Miserable Cities In America
(DBN)

The 10 Best Small Towns In America
(DBN)

10 Most Depressing States in the U.S.
(DBN)

______________

Aviation:

American Airlines retirees' poignant letters to court
(DBN)

Analysts expect merged AMR to earn close to $3 billion in 2014
(DBN)

AMR Loses $192M in February
(DBN)

Armavia stops operations, to file for bankruptcy on Monday
(DBN)

______________

Hollywood:

Rhythm & Hues finalizes sale to Prana Studios
(DBN)

______________

Shipping:

Wilbur Ross to Put $1 Billion More in Distressed Ships
(DBN)

Report: 44% of Korean Shipping Firms Could Go Under
(DBN)

______________

Events:

Event planner Crystal Rose files for bankruptcy , aims to reorganize
(DBN)

______________

Health Care:

Asset transfers, 'side deals' alleged in Universal bankruptcy
(DBN)

Wise Regional Health Finalizes Takeover of North Texas Community Hospital
(DBN)

Spring Branch Medical Center in Texas to Reopen This Year
(DBN)

Creditors Remove Request For Trustee To Run Hospice
(DBN)

Retirees losing health care benefits as employers shed obligations
(DBN)

46 employees at St. Christopher's laid off, hospital confirms
(DBN)

Layoffs Loom at Pleasant Valley Hospital in West Virginia
(DBN)

______________

Asset Protection:

Asset Protection Expanded in Ohio
(DBN)

Polo mogul’s adoption of girlfriend, 42, is nixed by appeals court
(DBN)

______________

Hockey:

Adviser mulling offer for NHL's Phoenix Coyotes
(DBN)

______________

Entertainment:

'Girls Gone Wild' marketer can be sued over image of a 14-year-old
(DBN)

______________

Retailing:

Of Course WalMart Destroys Retail Jobs: That's The Darn Point Of It All
(DBN)

______________

Corporate Reform:

CFPB releases consumer financial complaint data
(DBN)

The top four zip codes for credit card complaints are on the Upper West Side and South Florida
(DBN)

CFPB Releases ALL the Consumer Complaint Data --- Banks complain
(DBN)

SAC Judge Questions Record $602 Million SEC Settlement
(DBN)

______________

Oil/Gas:

Hunt Becomes Billionaire on Bakken Oil After Bankruptcy
(DBN)

______________

Student Debt:

Student loan default rates are so high, the Department of Education's bad loan collection system can't keep up
(DBN)

College Affordability Continues to Decline
(DBN)

Student Loan Interest Rate to Double from 3.4 Percent to 6.8 Percent
(DBN)

______________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (59 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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)

______________

Bankruptcy Statistics:

Bankruptcy Filings Down Across Indiana
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Labor Unions Urge Chapter 11 Reform
(DBN)

______________

Bankruptcy Poetry:

Icarus Flies Again
(DBN)

Suntech
(DBN)

Mariano Rivera
(DBN)

______________

Miscellaneous:

Week Ahead in Bankruptcy : Lehman, Ambac and MF Global
(DBN)

The Bankruptcy Files
(DBN)

______________

Personal Bankruptcy:

A Warning Against Do It Yourself Legal Forms
(DBN)

______________

UCC:

United States Bankruptcy Court for the Southern District of New York Holds That a UCC-3 Filing Without Authorization is No Filing At All
(DBN)

______________

Plan Confirmation:

Lenders Beware -- Fifth Circuit Has Lowered the Bar for Cramdown Plan Confirmation
(DBN)

The Bankruptcy Voting Rights Act – Does the Bankruptcy Code Require Universal Suffrage?
(DBN)

______________

Solvency:

The Solvency Two-Step
(DBN)

______________

Recent Pleadings:

Rothstein Trustee Cries Foul After Receiving "Useless" Redacted 2019 Disclosures
(DBN)

Tribune Says Indenture Trustee Seeking $13.2 Million Substantial Contribution Claim Obstructed The Case Rather Than Contributing
(DBN)

Big M Creditors Committee Surprised At Lowenstein's Over-Budget Fees
(DBN)

US Slams "Impermissible" Third Party Releases In MF Global Plan
(DBN)

______________

TBTF:

Sen. Sanders Seeks To Break Up 'Too Big To Jail' Banks
(DBN)

______________

Litigation:

Credit Crisis Residue: Economic Problems and Litigation Both Grind On
(DBN)

______________

Insurance:

Banks Seek to Revive Claims over MBIA Restructuring
(DBN)

______________

Finance:

Eleventh Circuit Holds That Term Lenders Do Not Have Standing to Enforce Funding Obligations of Revolving Lenders
(DBN)

______________

Fitness:

All Star Fitness changing to West Seattle Fitness Club
(DBN)

______________

Engineering:

Birdsall files for bankruptcy
(DBN)

______________

Food/Beverage:

NatureSweet's acquisition of EuroFresh approved
(DBN)

As Beer Production Drops, Craft Brewers Are Taking Off
(DBN)

Countries That Spend The Most On Food, Booze And Tobacco
(DBN)

Alfa Group's A1 withdraws restructuring bid for vodka maker CEDC
(DBN)

USDA cites companies for PACA violations
(DBN)

______________

Mining:

U.S. District Court Affirms Bankruptcy Court’s $5 million Defense Fee Award to the Firm in the ASARCO Case
(DBN)

______________

Lehman:

Emails Show Ex-Deutsche Trader Lippmann Wanted Lehman Derivatives
(DBN)

Lehman Bankruptcy Court Overrules UST Fee Objection and Reaffirms Confirmed Plan Provision
(DBN)

______________

Telecoms:

Bankruptcy Trustee: Verizon Should Be Liable for $2.85 Billion in Idearc Spinoff
(DBN)

Short Sellers Don't Buy RIM's Turnaround Story
(DBN)

______________

Directories:

Verizon Liable for $2.85 Billion in Debt, Trustee Says
(DBN)

______________

Bowling:

No bids emerge for Virginia-based AMF Bowling
(DBN)

______________

Tax:

IRS: Dirty Dozen Tax Scams Threaten Your Business
(DBN)

______________

Sovereigns:

Argentina sticks to its guns over holdout creditor payments
(DBN)

Argentina puts forward alternative payment plan in bond dispute --- Argentina challenges US court with bond plan --- Wants to pay debts with cash & bonds --- Argentina Has Last Chance to Influence US Court in Bonds Case
(DBN)

Argentina's Offer to Holdout Creditors : Three Scenarios
(DBN)

Argentina One-Sixth Bond Offer Seen as ‘Thumbing Nose’
(DBN)

______________

UK:

Former Celtic star declared bankrupt
(DBN)

Insolvency service isn't perfect but it will help
(DBN)

Study: Shakespeare a 'tax dodging money lender'
(DBN)

One in eight Scottish football clubs 'in distress '
(DBN)

Why is it so hard for Standard Chartered to claw back bonuses?
(DBN)

Britain 'isn't safe from fallout over the Cyprus crisis' MPs warn problems may spread as expats told they may lose up to 80% of savings over insured limit
(DBN)

______________

EU:

Why the Euro Is Doomed in 4 Steps
(DBN)

Big depositors in Cyprus to lose far more than feared --- In Cyprus, The Economic Misery Is Just Beginning To Sink In --- Central Bank Details Losses at Bank of Cyprus --- Cyprus Clarifies Caps on Credit, Debit Cards --- Cyprus restructuring fears persist despite bailout --- Cypriots Worry Over Younger Generation
(DBN)

Economic Crisis Worse Than Great Depression
(DBN)

Euro nears four-month low on fears over Cyprus fallout
(DBN)

______________

PIIGS:

ie: Debt deals leave just €5 per day for food --- Act appears to have been hijacked by banks to avoid write-offs --- Kitt calls for clarity on insolvency measures --- Department of Justice tries to allay insolvency fears --- Absence of insolvency referee is major flaw in system --- Leaks over insolvency plans causing fear --- Insolvency guidelines prove a PR disaster --- Draconian income guidelines scaring people --- Kenny promises 'fair' system to deal with mortgage distress --- Bankrupt ‘poster boy’ and ‘ace of spades’ Dunne claims persecution by creditors --- Dapper developer's words are a little hard to swallow --- People of Ireland I am truly sorry --- Dunne soft bankruptcy in US causes a furor --- Shane Ross: Small offenders are left to pay the highest price --- Dunne declares himself bankrupt in the US --- Cyprus Immunity Shows Libor Still Broken Rate ---Irish Legacy of Leniency on Mortgages Nears an End --- As Banks in Cyprus Falter, Other Tax Havens Step In --- Cyprus details heavy losses for major bank customers --- Your bank isn’t much safer than the ones that failed in Cyprus ---?Cyprus is not an example? --- No guarantees for provinces in Anglo-Irish showdowns
(DBN)

The World's Oldest Bank Admits To Losing Billions In Deposits After String Of Scandals
(DBN)

Greek NBG says not formally told of objections to Eurobank deal --- Marriage benefits come to end --- Greek Crisis Cuts Bribe Demands Too --- Fraudulent Preference: Difficulty of Proving a Dominant Intention to Prefer --- Greek Manufacturing Report Comes In Awful
(DBN)

______________

China:

If You Think China's Air Is Bad, You Should See The Water
(DBN)

______________

Korea:

17% of Korean Firms 'at Risk of Bankruptcy '
(DBN)

______________

MENA:

No Cash: Egypt Faces Food, Energy Crisis
(DBN)

______________

 

 

 

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Copyright 2013