April 10, 2013

The Daily Bankruptcy News

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Law:

On Sale: The $1,150-Per-Hour Lawyer
(DBN)

Shearman & Sterling cuts top-earner pay, lifts lower-tier stars
(DBN)

Search Engine: Susheel Kirpalani
(DBN)

Lawyer loses ADA appeal in suit claiming she was fired because of insomnia
(DBN)

‘Lawyer Bubble’ author discusses what the future looks like for today’s new lawyers --- An Interview with Steven Harper, Former Kirkland Partner and Author of ‘The Lawyer Bubble’
(DBN)

Some Grim News Just Got Grimmer
(DBN)

Securities Filings, Brown Rudnick, Blank Rome: Business of Law
(DBN)

Passed Over for Partner (Interview No. 1)
(DBN)

Should Paternity Leave Be Mandatory?
(DBN)

What’s Your Client Mix?
(DBN)

Firms come out to play on Toys“R”Us debt restructure
(DBN)

Judge singles out Ohio firm in trimming fee award in BofA case
(DBN)

Brown Rudnick opens in California after snaring local litigation shop
(DBN)

Jones Day to Invade Miami!
(DBN)

How Corporations Are Slashing Their Legal Fees
(DBN)

Georgetown Law Argues for Dismissal of Age Discrimination Lawsuit
(DBN)

When a Law School Honors a Nobel Peace Prize Winner, Expect Protests!
(DBN)

A Trend in the Making: Falling Law School Tuition?
(DBN)

The Best Law Schools for Government and Public Interest Career Placement
(DBN)

10 iPhone and iPad Apps That Are Guaranteed To Increase Your Productivity
(DBN)

Embracing Social/Mobile for Your Firm
(DBN)

Red-lined Realism: A Corporate Job Ad You Need to See
(DBN)

Anonymous blogger wins round in Cooley’s defamation suit
(DBN)

Mug Shots
(DBN)

Cops: Woman, 23, Assaulted Boyfriend Because He Would Not Singing That Catchy "Thrift Shop" Song
(DBN)

The Strange Story Of The Guy Who Confessed To Murder On Reddit
(DBN)

14 Stabbed At Texas College
(DBN)

Disbarred N.Y. lawyer charged with stealing clients' money - "preposterous excuses"
(DBN)

Ex-partner sues firm for $600K; former colleague calls him ‘disgruntled and desperate’
(DBN)

Did man’s frog phobia help him win $1.6 million verdict in land-runoff case?
(DBN)

Mother Takes Ten-Year-Old Rape Victim To Police, Who Promptly Arrest Victim
(DBN)

Zombie adjudication a needed practice area :)
(DBN)

Tasered Man Who Caught Fire Can Pursue Claims
(DBN)

Saudi registers first female lawyer
(DBN)

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Judges:

Toobin: Obama Has Already Picked The Next Supreme Court Justice
(DBN)

Man accused of Facebook threats of ‘Columbine’ shooting at Illinois courthouse is arrested in Denver
(DBN)

Retired NFL players who objected to publicity accord are ‘like children denied dessert,’ judge says
(DBN)

A Federal Judge Opines on a Handsome Prosecutor’s Dateability
(DBN)

U.S. Supreme Court advocates address standing issue: the long lines
(DBN)

Judge James Blackstock: Highlights From The 17-Page List Of P--- Sites He Visited On County Time
(DBN)

Utah judge candidate withdraws name from consideration - Report: Decision is likely due to family’s financial problems
(DBN)

Excessive judicial vacancies are a travesty of Justice
(DBN)

Judge quits amid claims he used court attorney for personal work, seated his own daughter on jury
(DBN)

Sequester Is Starting to Affect U.S. District Court Operations
(DBN)

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Wall Street:

Stock futures point to higher start
(DBN)

US Stocks Close Mostly Higher After Seeing Early Weakness
(DBN)

Yield Hungry Pensioners Bet on Disasters
(DBN)

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

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Layoffs:

Why the Jobs Market Will Get Worse
(DBN)

Job openings at highest level in 5 years, but hiring lags --- 3 jobless Americans for every opening
(DBN)

Defense contractor Oshkosh to discharge 900 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Who owns Casey Anthony's life story? --- Bankruptcy trustee wants to sell Casey Anthony's life story -- but she's not buying it --- Florida judge delays decision
(DBN)

Casey Anthony to find out in 30 days whether bankruptcy trustee can sell her story to pay off $800,000 debts
(DBN)

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Consultants:

AlixPartners Promotes Jim Mesterharm to Co-Lead its Turnaround Unit
(DBN)

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Finance:

Structured Notes Mirror JPMorgan’s London Whale Credit Trades
(DBN)

Phoenix Survey: Lenders' Expectations Turn Positive
(DBN)

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Food/Beverage:

Food for Thought for New Twinkie Owners
(DBN)

Judge approves more Hostess sales, plan to return products to shelves quickly
(DBN)

Little Debbie brings home a Devil Dog: snack rival to buy Drake's from bankrupt Hostess
(DBN)

Hawaii Sizzler restaurants remain open as franchisee files Ch. 11
(DBN)

New Jersey grower-shipper closes, liquidates assets to pay debts
(DBN)

Central European Distribution Corporation Announces Confirmation Hearing Date of Plan of Reorganization
(DBN)

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Corporate Reform:

CFPB expands consumer complaint database to include money transfers
(DBN)

New Study on Consumer Protection and Financial Distress
(DBN)

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Electricity:

The Last Days Of TXU
(DBN)

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Pharma:

Unigene gets financing ahead of auction
(DBN)

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Symphonies:

Nashville's Orchestra Maneuvers to Restructure Debt After Flood
(DBN)

Schermerhorn Symphony Center foreclosure could begin this week: report
(DBN)

Nashville Symphony's options include bankruptcy, foreclosure
(DBN)

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Defaults:

U.S. Corporate Default Rate Falls To 2.9% - Moody's
(DBN)

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Aviation:

American Eagle to employees: Be patient
(DBN)

Kingfisher Airlines's 15 leased planes may land in scrapyards --- Lessors Say Kingfisher Jets Stripped of Key Parts --- Kingfisher Loses Legal Battle with German Aircraft Leasing Firm --- Banks invoke pledges shares in Kingfisher
(DBN)

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Education:

The Exorbitant Cost Of An MBA Has To Go Down
(DBN)

2012-13 Average College Faculty Salaries, Ranked
(DBN)

Inside The Elite Swiss Boarding School Where The World's Most Powerful People Send Their Kids
(DBN)

School’s Out Forever: Lon Morris College, Section 525(a), and Revocation of Title IV Eligibility for Institutions of Higher Education in Bankruptcy
(DBN)

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Economy:

Hiring rate increases modestly in February
(DBN)

Wholesale Inventories in U.S. Decrease 0.3% As Sales Rise --- Largest fall in 1-1/2 years
(DBN)

Obama to unveil $3.77 trillion spending plan --- Middle Ground --- Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes --- Calls For Social Security Cut — Buried It At The Very Bottom Of The Announcement --- Attempt At A 'Grand Bargain' — But So Far It's Only Making New Enemies
(DBN)

More Americans Sure We're On Wrong Track
(DBN)

Lew Talks up Policies to Spur Demand in Europe
(DBN)

PwC: Businesses Concerned About External Risks
(DBN)

Treasury's Maggiano defends push for looser credit standards
(DBN)

U.S. bankruptcy filings, credit card delinquencies fall in first quarter
(DBN)

America Is Not Drowning In Debt: These 5 Charts Destroy The Biggest Myth About The US Economy
(DBN)

How the 40-Year "Long Recession" Led to the Great Recession
(DBN)

Bailed-out banks haven't met goals of small-business lending program, report says ---Banks Paid Back TARP Bailouts Instead of Lending More: Watchdog
(DBN)

Who will get the spoils of an improving economy: Shareholders or workers?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

ResCap Seeks Further Use of Cash Secured by its Loans
(DBN)

Fed to foreclosed borrowers: checks in mail soon --- Scant Relief in Foreclosure Payouts
(DBN)

In the Markets, at Least, Fannie and Freddie Still Astound
(DBN)

Las Vegas Real Estate: Conventional Sales up 40% year-over-year in March
(DBN)

Lumber Prices near Housing Bubble High
(DBN)

Boca Raton attorney avoids sanctions by settling distressed mortgage case
(DBN)

Closing attorney loses federal mortgage fraud appeal, now faces likely lengthy prison term
(DBN)

Detroit Homes Rot as Appraisals Stopping Sales
(DBN)

A Housing Recovery Is Buttressing U.S. Homebuilders’ Credit Quality
(DBN)

Investor keeps gobbling up distressed office condos
(DBN)

Cuomo sees financial troubles ahead for Hurricane Sandy borrowers
(DBN)

Defendants seek dismissal of Patrick Turner's $225M Westport suit
(DBN)

Goldman fails to dismiss Prudential mortgage fraud lawsuit
(DBN)

Capmark's $147 million lawsuit against Goldman thrown out
(DBN)

N.Y. AG responds to bank's motion to dismiss RMBS suit
(DBN)

Global Commercial Real Estate Grew 8% In Q1
(DBN)

Tenant Can't Skip Rent Over Utilities Interrupted by Superstorm Sandy
(DBN)

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Accounting:

Herbalife says KPMG 'concluded it was not independent' as auditor --- Prosecutors Said to Be Investigating Tips at KPMG
(DBN)

The Now-Former KPMG Senior Partner Who Allegedly Leaked Info About Herbalife Has Been Identified
(DBN)

KPMG's LA head of audit sacked
(DBN)

Accounting Fraud Class Actions Plummeted in 2012
(DBN)

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Retailing:

The 5 Big Mistakes That Led to Ron Johnson's Ouster at JC Penney --- The perils of a star CEO --- JC Penney looks to old CEO to secure its future --- CEO swap a bandage, not a cure for JC Penney --- JC Penney stock plunges in wake of CEO change
(DBN)

Every day matters
(DBN)

Best Advice for New JC Penney CEO: Sell Quickly
(DBN)

Was Ackman's Big Idea for JC Penney Too Big to Succeed?
(DBN)

Ackman may be eyeing exit as JC Penney bet in tatters
(DBN)

JC Penney's Mickey Drexler Moment: Could Going Private Save The Company?
(DBN)

Coming Soon: Taxes on All Internet Purchases
(DBN)

Would JC Penney’s directors have made such a bad choice of CEO if their pay depended on it?
(DBN)

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Municipalities:

Suit to halt Detroit emergency manager appointment dismissed
(DBN)

Costly Jones Day EM Contract Faces Council Vote --- Detroit City Council questions pending contract with Kevyn Orr's former employer
(DBN)

Detroit vs. Michigan, a Continued Battle
(DBN)

Consultants recommend making Detroit City Council part time and cutting their staff
(DBN)

Detroit : Not everyone opposes emergency manager
(DBN)

Flint City Council, mayor's pay suspended as part of new emergency manager law
(DBN)

Stockton's Trend Setting Bankruptcy
(DBN)

Now It Gets Interesting - Stockton, CA Found Eligible to Remain in Chapter 9
(DBN)

War on CalPERS?
(DBN)

Bigwigs remain blind
(DBN)

Muni mavin Ronald Bernardi on the tremors from Stockton
(DBN)

Budget coming soon, San Bernardino says in bankruptcy court
(DBN)

40 Percent of Pennsylvanians Live in Financially Distressed Towns
(DBN)

The 7 Most Expensive Cities In The U.S.
(DBN)

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Health Care:

Highmark Launches West Penn Debt Offer as Deal's April Deadline Looms
(DBN)

Recession led to more doctor bankruptcies
(DBN)

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Movie Theaters:

Regal Cinemas Said to Seek Lower Rate on $988 Million Loan
(DBN)

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Distressed Investing:

Z Capital to Raise $100 Million Shariah Distressed Asset Fund
(DBN)

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Politics:

How Obama's Plan For Chained CPI Is Both A Stealth Tax On The Middle Class And A Cut In Benefits For Grandma
(DBN)

Reid Threatens To Change Senate Rules For Cordray Vote
(DBN)

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Pensions:

GAO Warns of Impending Pension Plan Insolvencies
(DBN)

To avoid insolvency , pension plans could reduce accrued benefits
(DBN)

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Alternative Energy:

Fisker prepared to file Chapter 11 as soon as this week -sources
(DBN)

Suntech may sell assets, seek strategic investor-source
(DBN)

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Fraud:

New York proposes new laws against public corruption
(DBN)

AccuPay president refuses to testify in bankruptcy court
(DBN)

AIG ex-CEO Greenberg aims to dent N.Y. fraud case via investor pact
(DBN)

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Mass Torts:

Nevada jury awards $500M in hepatitis case
(DBN)

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Tax:

Hearing to expose IRS informant program to scrutiny
(DBN)

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Tactical Goods:

Supplier of tactical gear files for bankruptcy
(DBN)

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Resorts:

Still no deal on Stablewood resort
(DBN)

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Credit Cards:

Judge appoints independent expert in $7.2 bln card-fee case
(DBN)

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Coal:

Patriot Coal skirmish over hearing date re: trustee appointment portends rough road ahead
(DBN)

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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 (151 new filings today (and yesterday))
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (75 new filings today (and yesterday))
(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)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Secured Debt:

Eighth Circuit BAP Affirms Lender’s Loss of Possessory Lien
(DBN)

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Sales:

New York Bankruptcy Court Adopts Expansive View of Section 363 Free and Clear Assets Sales
(DBN)

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Jurisdiction:

Petition for Certiorari on Stern Issues Addresses “Gap” in Bankruptcy Jurisdiction
(DBN)

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Automatic Stay:

Interesting Automatic Stay Decision in FastBucks Chapter 11 Case
(DBN)

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Bankruptcy Fees:

New fee for filing claim transfers, effective 5/1/2013 (scroll down to sub(20))
(DBN)

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Plan Confirmation:

A Tangible Solution for Testing Plan Feasibility: Reader's Digest Version
(DBN)

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Venue:

Chapter 11 Venue: The Interest of Justice
(DBN)

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Bankruptcy Compensation:

Recent Lessons on Management Compensation at Various Stages of the Chapter 11 Process
(DBN)

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Recent Pleadings:

UST Appoints Veteran Bankruptcy Attorney Michael Luskin As Ampal -American Trustee
(DBN)

ResCap Says KEIP OK, UST Wrong
(DBN)

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Litigation:

What's Happening Now? Litigation Funding, Apparently
(DBN)

The Art of (Litigation PR)War
(DBN)

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TBTF:

End 'Too Big to Fail' Without Breaking Up Banks — Here's How
(DBN)

Lacker Says Government Should Be Ready to Let Big Banks Fail
(DBN)

Richmond Fed's Lacker: 'Living Wills' Only Way to End TBTF
(DBN)

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Insurance:

Bond Insurer's Settlement with IRS Puts It on Track to Emerge from Bankruptcy
(DBN)

Controlling Shareholder’s Bankruptcy Does Not Render Entity Insolvent; Fraud Claim Uninsurable as a Matter of Law
(DBN)

Law firms urged to go global to win places on London market insurer panels
(DBN)

BancInsure parent sells firm for $1 and files bankruptcy
(DBN)

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Asset Protection:

Tax Havens: The Real Pirates of the Caribbean
(DBN)

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Lehman:

First Distribution Expected in Dutch Bankruptcy of Lehman Brothers
(DBN)

Lehman creditors seek to draw attention to German fees
(DBN)

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Basketball:

Sacramento investors now bidding on Kings
(DBN)

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Religion:

Boutique fights church for sex-abuse claimants in bankruptcy court
(DBN)

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Brokers:

Six Reasons Why Jon Corzine Should Exit Wall Street
(DBN)

Trustee in MF Global Case Delays Suit Against Its Chief
(DBN)

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Corporate Governance:

The Corporate Governance Lessons of Rutgers Basketball
(DBN)

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Banking:

Wells Fargo Worries Former FDIC Head
(DBN)

EU Said to Push to Fine Banks Over Yen Libor and Euribor Rates
(DBN)

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Student Debt:

Student Loan Rate Set to Rise, Despite Lack of Support
(DBN)

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UK:

Duff & Phelps administrators save Axminster Carpets
(DBN)

Jobs saved as Hilco buys HMV stores
(DBN)

Fewer firms fall into insolvency
(DBN)

Ex-Rangers owner Craig Whyte 'faces bankruptcy '
(DBN)

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EU:

Cyprus committee halts probe into bank transfers --- ECB: Cypriot households are second richest in euro area - Thousands withdrew money from Cyprus before haircut, says report --- Crisis Puts Cypriot Students In Despair --- Cyprus Can Save Itself by Fleeing the Euro
(DBN)

Europe’s perpetual crisis
(DBN)

Euro Zone Risks 'Endless Depression' in Pursuit of Austerity
(DBN)

Sporting Competition Insolvency
(DBN)

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PIIGS:

Greece?s industrial output drops 3.9 pct y-o-y in February --- First Negative Inflation In Greece In 45 years --- Young Greeks Losing Hope Fast --- Spiegel Suspects Deposits Haircut in Greece --- Tsipras Says Samaras Surrendered To Troika
(DBN)

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Canada:

Canada: Weak Economy to Make for Hard Year
(DBN)

Sino-Forest Decisions Weaken Underwriters’ Claims Against Insolvent Companies
(DBN)

Contractor facing fraud probe files for bankruptcy
(DBN)

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France:

French finmin studies law to avoid toxic loans losses
(DBN)

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China:

Fitch Ratings Agency Cuts China's Credit Standing
(DBN)

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New Zealand:

Insolvent transaction defences – courts deliver mixed results for liquidators
(DBN)

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Korea:

GM Korea's contingency plan provokes union ahead of talks
(DBN)

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Singapore:

High-rollers make Singapore casinos see red
(DBN)

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