August 1, 2013

The Daily Bankruptcy News

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Law:

Is Biglaw "alive, well, and rich"?
(DBN)

Why are female lawyers leaving BigLaw? ‘Maternal wall bias,’ lack of transparency cited
(DBN)

Barrister in top female bodybuilding competition win
(DBN)

Accounting ‘rogue outliers’ seek to change billable hour
(DBN)

A new billion dollar firm is born
(DBN)

10 Questions with Jeffrey Stone from McDermott Will & Emery LLP
(DBN)

Stealth Lawyer: Matt Faustman, UpCounsel Co-Founder
(DBN)

Lawyer Turns Over Baby Naming To Crowd Vote — What Could Possibly Go Wrong?
(DBN)

Martin, Leigh, Laws & Fritzlen Adds New Partner
(DBN)

Underemployed Law Grads Find A Silver Lining After Losing A Huge Lawsuit Against Their Alma Mater
(DBN)

Judge Cool to Ex-Associate's Bias Claims Against Ropes
(DBN)

Davis Polk Takes The Gloves Off In Fight With Legal Recruiter
(DBN)

Documents Shed New Light on NSA Data Gathering --- The NSA's Own Leaked Slide Shows How Absurd Its Surveillance Is --- NSA's 'Widest-Reaching' System Could Read Facebook Chats And Private Messages --- America: Where Truth is Treason --- The Loser in the NSA Scandal: Internet Users --- Senators Look to Make U.S. Surveillance More Transparent
(DBN)

Small-Town Police Departments Are Getting Billions In Big Military Hardware
(DBN)

Business Etiquette You Need To Know
(DBN)

Ignoring LinkedIn Has Consequences
(DBN)

Is Your Smartphone Emasculating?
(DBN)

Dean of Law School addresses 8% Bar passage rate
(DBN)

Harvard MBAs: They're having paradigm shift, just like JDs
(DBN)

23 Year Old Driver Loses License for 165mph
(DBN)

Shooting Armed Man May Leave Cops Liable
(DBN)

Robbers stole techniques from Ben Affleck movie, feds say; film clips to be shown to jurors at trial
(DBN)

7-figure divorce legal bill is ‘financial suicide’ for BigLaw partner and his wife, judge says
(DBN)

JK Rowling Settles Legal Fight Against Lawyer Who Outed Her
(DBN)

George Zimmerman Was Pulled Over By Texas Police For Speeding
(DBN)

Inside Aaron Hernandez's world of trouble
(DBN)

Smartphone Thief Not So Smart, Hides in Attic When Police Use GPS App to Track Him
(DBN)

Escaped Suspect Drives Home with Hands Cuffed Behind Back
(DBN)

Gay Athletes Could Be Prosecuted At '14 Winter Olympics
(DBN)

Say What?!
(DBN)

______________

Judges:

NC: Wilson bankruptcy court to reopen in Greenville
(DBN)

Senators Introduce Bill for Overloaded Federal Courts
(DBN)

The (Almost) Lost Speech of Justice Anthony Kennedy
(DBN)

Scalia ‘More Than Happy’ To Judge Gay People :)
(DBN)

Top judge suspended after police discovered she was harboring her fugitive armed robber boyfriend
(DBN)

Clarence Thomas’ wife sparks effort to impose tougher Supreme Court ethics
(DBN)

______________

Wall Street:

US Stock -Index Futures Advance Before Manufacturing, Jobs Data
(DBN)

Stocks close mixed after Fed announcement
(DBN)

New Michael Lewis Story Makes Goldman Sachs Look Absolutely Ruthless --- Michael Lewis: Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?
(DBN)

______________

Layoffs:

ADP reports 200,000 job gains in July --- More Workers in July Than Forecast
(DBN)

Why Employers Don't Want To Hire Overqualified Candidates
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Commodities:

Goldman Sachs Offers Aluminum to Clients Stuck in Queue
(DBN)

Danger in Wall Street's Love of Commodities
(DBN)

End of an Era as Banks Eye Commodities Exits
(DBN)

____________

Credit Reporting:

Here's The Credit Error That Led A Woman To Win $18.6 Million Against Equifax
(DBN)

____________

Religion:

Federal Judge: Catholic Church Has A Constitutional Right Not To Compensate Victims Of Abuse
(DBN)

____________

Food/Beverage:

Starbucks and Burger King: A Tale of Two Economies
(DBN)

Hog Producer AgFeed Files for Bankruptcy After Dispute With Hormel
(DBN)

Former Sizzler restaurants shut down
(DBN)

Northern Beef Packers heads to bankruptcy court
(DBN)

Assets of Omtron USA Sold To Group of Auctioneers & Investors for $5.36 Million
(DBN)

____________

Aviation:

Parties file objections to American Airlines plan of reorganization --- City of Fort Worth files objection in American Airlines bankruptcy case
(DBN)

American Airlines wraps up $1.41 billion in new financing
(DBN)

Disgruntled Airline Speaks Up About Boeing 787 Payout
(DBN)

Delta Passenger Abandons Baggage to Avoid $1,400 in Fees
(DBN)

____________

Gambling:

Caesars Plummets Amid Fears of Bankruptcy
(DBN)

Atlantic City's Revel to close poker room
(DBN)

____________

Alternative Energy:

$600M Pocatello Hoku unfinished plant could be dismantled, sold for scrap
(DBN)

As solar panels pile up, China takes axe to polysilicon producers
(DBN)

____________

Hockey:

Glendale Punished as Hockey Deal Follows Baseball
(DBN)

____________

Pensions:

Company pensions in peril as shortfalls hit record
(DBN)

Illinois: worst pension funding of 50 states
(DBN)

____________

Health Care:

Interfaith Medical Center set to close --- State pulls plug on Brooklyn hospital --- Brooklyn hospital sends out layoff notices --- Hospital seeks OK to shut down
(DBN)

Life and Death in Assisted Living
(DBN)

Rural / Metro closer to default on bond --- Ambulance Company Preps for Bankruptcy Filing - 10,000 jobs at stake
(DBN)

Fitch Places Community Health Systems on Rating Watch Negative
(DBN)

Are Companies Bluffing on Health Benefits?
(DBN)

____________

Metals:

PUCO Pushes Back Ormet's Hearing
(DBN)

____________

Boating:

Bids taken for Sealine yachts in liquidation
(DBN)

____________

Student Debt:

Congress finally votes to cut student loan interest rates --- Bill to lower student loan rates heads to Obama
(DBN)

____________

Economy:

US expands at brisk pace in 2nd quarter, defying gloom --- FOMC Statement: Downgrade from "moderate" to "modest" --- Data below FOMC June Projections
(DBN)

US economy should be growing at 3-4%: Ex-Fed governor
(DBN)

Private sector adds 200,000 jobs in July
(DBN)

Study: Who is in the Middle Class?
(DBN)

U.S. Economy Looking More Japanese
(DBN)

The Fed Edged Away From A September Taper In Today's FOMC Statement --- Fed Sees Risk of Disinflation, Maintains Bond Buying Pace
(DBN)

Obama Blasted The Huffington Post For Its 'Progressive Whipping Boy' Coverage Of Larry Summers --- Why it’s so difficult to figure out what Larry Summers is thinking --- The case for Larry Summers
(DBN)

Obama Reportedly Tossed A Third Name Into The Mix For The Fed Chair --- Eight things you need to know about Don Kohn, who just might be the next Fed chair
(DBN)

This One Tweet Reveals What's Wrong With American Business Culture And The Economy
(DBN)

Why Economic Growth Is So Slow
(DBN)

Why we don’t have jetpacks
(DBN)

The Main Street Bailout That Came Too Late
(DBN)

Pentagon to Bear Brunt of Sequester Part II --- CBO: Cancel Spending Cuts, Boost Economy
(DBN)

US Bond Yields Reach Almost 2-Year High on GDP, Jobs Reports
(DBN)

The 10 Riskiest Industries In America
(DBN)

Milton Friedman's Brilliant 2 Minute Defense Of Capitalism
(DBN)

Why Firms Don’t Pay Their Invoices
(DBN)

Big California corporations parking $262 billion offshore
(DBN)

National Association of Credit Management's Credit Managers' Index for July Falls, Tough Month for Collections
(DBN)

Penury portrait
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

California City Readies Controversial Loan-Seizure Program --- Richmond eminent domain plan rattles mortgage industry --- Richmond Throws Down
(DBN)

Fed recommits to current pace of MBS purchases
(DBN)

Plaintiffs Firms Line Up for Fannie/Freddie Lawsuits
(DBN)

FHA Solvency Act headed to Senate floor
(DBN)

Ally Loss Widens After $1.6 Billion ResCap Settlement Charge
(DBN)

Denver foreclosure lawyer faces federal sanctions
(DBN)

MBA: Mortgage Applications decrease in Latest Weekly Survey
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in June, Lowest since December 2008
(DBN)

Wealthy Foreigner Investors Are Driving Up The Price On Brooklyn Townhouses
(DBN)

AR: Ex-Developer Admits To 3 Felonies
(DBN)

____________

Credit Cards:

Court strikes down 21 cent debit card fees --- Visa Falls
(DBN)

____________

Municipalities:

What Detroit's Chapter 9 Bankruptcy Means
(DBN)

Can P3s Save the Public Sector?
(DBN)

Miller Canfield Set to Reap $2 Million in Detroit Fees
(DBN)

How will Detroit bankruptcy judge rule? Crucial clues are in 1994 hospital failure
(DBN)

Why is America giving more money to Colombia to fight crime than aid to Detroit where the murder rate is 81% higher?
(DBN)

Senator cites Detroit's bankruptcy as reason to deny aid to Egypt
(DBN)

When should we aid Detroit? --- Congressional Democrats seek to boost federal aid for Detroit --- Does Detroit deserve a bailout? --- Rep. Mo Brooks: No federal bailout money for bankrupt Detroit
(DBN)

Economists envision Detroit turnaround as catalyst for others
(DBN)

Detroit Was a Cluster
(DBN)

Detroit, decay and solidarity
(DBN)

Detroit's Mayoral Race Is 'The Most Important In 50 Years' And It's Already Turning Into A Disaster --- Why the upcoming election is so crucial to Detroit's future
(DBN)

Economic Growth Is the Only Fix For Detroit's Pension Blues
(DBN)

Detroit's general employee pension board meets to discuss bankruptcy strategy --- Orr Wants Detroit Bankruptcy Judge To Replace Elected Pension Boards With Appointed ‘Retirees Committee’ --- Why Social Security Won't Bail Out Many Detroit Workers --- The government now assumes all pension promises will come true. That’s scary.
(DBN)

After Detroit , replace public pensions
(DBN)

AG Bill Schuette stands to gain political points by defending Detroit pensioners
(DBN)

In Detroit's Wake: A Review Of The Muni Bond Landscape ---Part 2 --- One City Does Not a Muni Market Make
(DBN)

Detroit Bankruptcy Complicates Relationship With Michigan State Government
(DBN)

In Wake of Detroit, Michigan County to Sell Bonds
(DBN)

Rule setters and enforcers largely to blame in Detroit
(DBN)

Some property appeals OK'd in Detroit bankruptcy --- Detroit Property Owners Can File Tax Appeals, Not Collect
(DBN)

Some Detroit Firefighters Notified of Pay Cuts --- 10% pay cut coming for Detroit firefighter union members --- Help Wanted: Detroit Will Hire Firefighters
(DBN)

Limbaugh: Detroit Went Bankrupt Because Blacks Drove Out Whites
(DBN)

Detroit's Fox Affiliate Very Confused By Crisco Can and a Giant Fist
(DBN)

Where are Detroit's Sugar Daddies Now?
(DBN)

Director of the DIA says 'too soon to panic' --- Lessons from Fresno’s Flagship Museum for Detroit’s Institute of the Arts
(DBN)

Look Who Worries, From Far Away, About Detroit's Bankruptcy
(DBN)

Cash-strapped Detroit doesn't test water at beach
(DBN)

Rosie the Riveter's factory gets 2-month reprieve
(DBN)

Guerrilla artist trolls Detroit
(DBN)

Plan For Belle Isle Utopia Revived After Detroit Bankruptcy Filing
(DBN)

3 Personal Finance Lessons Learned From Detroit's Bankruptcy
(DBN)

Where Would We Be Without Prop. 13?
(DBN)

Portland vs. Detroit
(DBN)

Controller's audit rips Stockton leaders --- Draft audit critical of Stockton officials, accounting practices --- Stockton may have to repay redevelopment money
(DBN)

San Bernardino Bankruptcy to Get Nevada Judge as Mediator --- San Bernardino: Highs, lows of a year since filing for bankruptcy
(DBN)

Lawmakers sue Illinois governor for canceling their paychecks due to unresolved budget issue
(DBN)

North Dakota Boomtown Has So Much Money It Burns Off $100 Million In Natural Gas A Month
(DBN)

San Diego's Mayor Claims He Never Received Sexual Harassment Training, So The City Should Pay For His Lawyer --- Filner Sued by San Diego as 8th Woman Comes Forward
(DBN)

Legal costs near $40 million in past 24 months for bankrupt Jeffco, according to new figures
(DBN)

Pension Funding Places Charleston, WV on Likely to go Bankrupt List
(DBN)

____________

Mass Torts:

BP will seek to recover some compensation payouts in Gulf
(DBN)

In BP Settlement, Law Firm Loses Bid to Get Clients Paid
(DBN)

Judge closes portion of Garlock hearing again
(DBN)

____________

Tax:

Liechtenstein Bank Fined $24M for US Tax Dodges
(DBN)

New tactic to avoid US corporate taxes gains steam
(DBN)

____________

Retailing:

Shares of JCPenney Collapse --- Lender suddenly cuts off chain's suppliers --- Pinching Penney
(DBN)

Why J.C. Penney Should Be More Like The Israeli Army
(DBN)

____________

Hollywood:

Why Do All Hollywood Movies Lose Money?
(DBN)

Hollywood's Dark Nazi Past
(DBN)

____________

Non-Profits:

Newark nonprofit's bankruptcy case gets financial examiner to guard against fraud
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Automatic Stay:

Second Circuit: Automatic Stay May Apply to Non-Debtor Parent and Affiliate
(DBN)

____________

Disclosure:

Ninth Circuit 2-1 Departs From Other Courts, OKs Claims Not Initially Listed in Bankruptcy
(DBN)

____________

Plan Confirmation:

Seventh Circuit mandates an 'auction process' in 'new value' Chapter 11 plans
(DBN)

____________

Recent Pleadings:

Broker Penson's Plan Confirmed
(DBN)

______________

TBTF:

Dodd-Frank And The Next Financial Meltdown
(DBN)

Sadly, Too Big to Fail Is Not Over
(DBN)

A Different Approach to Fix 'Too Big to Fail'
(DBN)

____________

Celebs:

Inside Teresa Giudice's Fraud Case: How Her Bankruptcy Filing Led to Criminal Charges --- Inside Teresa and Joe Giudice's lavish home --- Teresa Giudice case could get messy for Bravo, ‘Housewives’ franchise --- Bravo employees could be called to testify in Teresa and Joe Giudice's hearing --- Couple 'Intimidated' Former Business Partners, Says Lawyer --- Were 'Real Housewives' Stars Targeted For Prosecution Because Of Their Celebrity?
(DBN)

Danielle Staub To Pay Fine Over Bankruptcy Fraud
(DBN)

DMX files for bankruptcy -- to get passport --- Rapper Owes Close To $10 Million In Debt
(DBN)

Beyonce Dedicates ‘A Change Is Gonna Come’ To Detroit After City Files For Bankruptcy
(DBN)

OJ Wins Parole on Some Charges
(DBN)

NBA player accused of attacking, stomping on homeless man
(DBN)

Martha Stewart’s Legal Troubles and the Voracious Appetite for “More” That Friends Call Her Downfall
(DBN)

50+ Famous entertainers who've declared bankruptcy
(DBN)

____________

Fraud:

Tourre Jury Begins Deliberations --- The Tourre Jury's Complicated To-Do List --- Fabulous Fab Jury Not As Turned On By Talk Of CDO’s As One Might Have Hoped --- Tourre jury in Day 2 of talks
(DBN)

SAC Capital Advisors: How Steve Cohen Could Silence His Accusers
(DBN)

Dalbeys agree to $330 million judgment
(DBN)

$325 million in ZeekRewards assets reclaimed
(DBN)

$300 Million Goes Missing; Adviser Gone Too
(DBN)

Michael Lewis: Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer?
(DBN)

Trader fired for bogus bonus – his 1st day!
(DBN)

____________

Autos:

Unsold Cars Piling Up on Dealers Lots
(DBN)

Peugeot cutbacks tame cash burn, lifting shares
(DBN)

Fiat says it 'confident' it prevail in legal dispute over price for minority stake in Chrysler --- U.S. ruling may step up Fiat's Chrysler buyout settlement --- Chancery Agrees with Fiat on Formula to Buy Chrysler Shares
(DBN)

____________

Photography:

Kodak CEO Will Stay On for One Year After Chapter 11 Exit
(DBN)

Kodak: The End of an American Moment
(DBN)

____________

Magazines:

Reader's Digest Re-Emerges from Bankruptcy
(DBN)

____________

Health and Beauty:

Bankruptcy judge approves auction sale for PRACS
(DBN)

____________

Social Media:

Syncapse Bankruptcy Documents Lay Bare The Financials Of Marketing On Facebook
(DBN)

____________

Personal Finance:

Survey: 72% choose thin over $$$
(DBN)

____________

UK:

Claims against Insolvency Practitioners – Is there light at the end of the tunnel?
(DBN)

Railcare admin puts 500 jobs at risk
(DBN)

U.K. Factory Growth Quickens as Recovery Strengthens
(DBN)

Pressure intensifies for hacking law firms to be named --- U.K. Police Say Law Firms, Insurers Used Convicted Private Eyes
(DBN)

Liverpool law firm confirms 83 jobs to go
(DBN)

Insolvency expert Mike Gregory taken on by accountancy company
(DBN)

Directors warned about taking early dividends
(DBN)

____________

EU:

Eurozone unemployment posts first fall in two years --- EU joblessness 'horrendous': official
(DBN)

Eurozone Manufacturing Returns To Growth
(DBN)

Draghi Seen Pausing in Signal of Nascent Euro-Area Recovery
(DBN)

Troika: Cyprus’s bailout assessment positive --- IMF: Cyprus making good progress
(DBN)

Euro-Area Debt-to-GDP Ratio Still Rising
(DBN)

Investors look to ECB for guidance as economy perks up
(DBN)

____________

PIIGS:

Greek bailout has 11 billion euro funding gap --- Brazil refused to back new IMF aid for Greece --- IMF staff says Greece needs more money, potential debt relief --- Elderly Man Kills Self Over Son’s Layoff
(DBN)

Dunne to appeal Irish bankruptcy
(DBN)

JPMorgan Accused by Siena Prosecutors in Monte Paschi Probe --- Italian Manufacturing Expands For The First Time In 2 Years, As Exports Surge
(DBN)

Spanish PMI Contracts
(DBN)

____________

Canada:

Detroit and the lost history of Canadian municipal insolvencies
(DBN)

____________

Germany:

IVG Said to Mull Court-Approved Restructuring Amid Debt Talks
(DBN)

German Manufacturing Index Hits Highest Level In 18 Months
(DBN)

____________

France:

French PMI Rises — Output Expands For The First Time In 17 Months
(DBN)

____________

China:

Preying on China’s distress
(DBN)

Surprise! China's official data show manufacturing expansion --- China factory sector perks up, elsewhere gloomy
(DBN)

Moved by Detroit , China auditing its local debt
(DBN)

Which Chinese City Will Become the Next Detroit?
(DBN)

Why China's 2 PMI Numbers Are Going In Different Directions
(DBN)

____________

Australia:

Australian directors complain of need to use 'mountain of lawyers'
(DBN)

The Australian Economic Nightmare In One Chart
(DBN)

____________

Brazil:

Brazilian bankruptcy law under spotlight in test case
(DBN)

____________

 

 

 

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