August 29, 2013

The Daily Bankruptcy News

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Law:

What Is The World's New Top-Grossing Law Firm ?
(DBN)

DLA Piper’s Revenge
(DBN)

It is ironic that no matter how stern your Out of Office alerts in Outlook may be, clients still expect answers.
(DBN)

Layoff Watch: Expelled Beyond The K&L Gates
(DBN)

Are lawyers from top schools a lot happier about their career choice? Statistically the answer is no
(DBN)

Obama's Good, and Hopeless, Idea for Law Schools
(DBN)

King & Spalding, Winston & Strawn: Business of Law
(DBN)

Morgan Lewis, Outten & Golden, Cooley: Business of Law
(DBN)

Allen Matkins Promotes Bankruptcy Associate to Senior Counsel --- Andrea M. Schoor
(DBN)

Baker & McKenzie just misses top spot as fee income passes $2.4bn --- Chairman sees flat market for legal services
(DBN)

Firms Boost Bonuses to Snag Recent Supreme Court Clerks
(DBN)

Gender Divide in Midlevel Opinions of Firms, Future, Survey Says
(DBN)

Three Reasons To Be Nice to Headhunters
(DBN)

Money Doesn’t Buy Happiness — At Least It Didn’t In 2007
(DBN)

Lawyers May Share Fees With Other Firms Whose Jurisdiction Permits Nonlawyer Owners
(DBN)

Judge Weighs Sanctions Against New York Lawyer Hutcher
(DBN)

The 2013 Associate Survey: National Rankings
(DBN)

Firm Cannot Force Ex-Clients Into Unaffordable Arbitration
(DBN)

Desperate Housewife Not Desperate Enough To Sleep With Attorney --- Disgusting Suggestion Leads To Suspension
(DBN)

Lawyer who uses wheelchair sues hotel, says inaccessible restroom led to a difficult night
(DBN)

Best way to boost access to justice? Change ethics rules, ‘13 Legal Rebel Renee Knake says
(DBN)

Tech skills are the key to law students’ future employment, says ‘13 Legal Rebel Dan Katz
(DBN)

This Costumed ‘Bank Reform B----’ Once Worked As A Lawyer
(DBN)

The Famous Lawyer Who Never Existed
(DBN)

Law Review Circulation Continues to Plummet
(DBN)

Law Students Do NOT Have Buyer's Remorse
(DBN)

The 10 best summer clerk selfies of the summer
(DBN)

Rolling Stone article on Aaron Hernandez alleges he was a heavy user of the drug PCP, or angel dust --- Tim Tebow Was Aaron Hernandez's 'Life Instructor' In College --- Aaron Hernandez bombshells coming?
(DBN)

Why You Shouldn't Believe Obama When He Says Don't Worry About 'Metadata' Surveillance
(DBN)

The NYPD Is Labeling Entire Mosques As Terrorism Groups
(DBN)

"She repeatedly drew blood from him to "monitor his diabetes - though the boy does not have diabetes"
(DBN)

Man Steals Dad's Body From Cemetery In Hopes Of Bringing Him Back To Life
(DBN)

Mug shots of the rich and infamous
(DBN)

George Zimmerman's wife pleads guilty to perjury charge
(DBN)

Government Worker Writing Letters To Himself May Be The Craziest-Ever Example Of Bureaucratic Waste
(DBN)

The 19 Biggest Thefts Of The Year
(DBN)

Most Terrifying Office Prank Ever
(DBN)

On the menu: lawyers
(DBN)

Ft. Hood: Hasan Sentenced to Death
(DBN)

Police Respond After Woman Calls 911 Over 'Giant Spider' On Couch; Officer Kills It With Newspaper
(DBN)

Man reportedly confesses to raccoon revenge killing
(DBN)

Police Offer $16,000 Reward To Catch Woman Suspected Of Gouging 6-Year-Old's Eyes Out
(DBN)

Say What?!
(DBN)

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Judges:

Judge Who Presided Over Many Drug Cases Admits To Being A Drug Mule
(DBN)

Judge keeps upping insolent defendant’s contempt of court sentence as insults spew forth
(DBN)

No, a 14-year-old was not “as much in control” as her rapist
(DBN)

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Wall Street:

U.S. Stock -Index Futures Advance Before GDP, Jobless Data
(DBN)

Markets Are Up Around The World
(DBN)

US stocks close higher
(DBN)

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Layoffs:

America's Disappearing Jobs
(DBN)

What Makes Employees Work Harder: Punishment or Pampering?
(DBN)

Low-paid workers are marching for fairness
(DBN)

The Tragic Trap of Longterm Unemployment
(DBN)

Will a Surge in Labor Force Participation Impede Unemployment Rate Improvement?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

Student Loan Debtor's Case Remanded For Loan-by-Loan Undue Hardship Analysis
(DBN)

NYU's loans for summer homes highlights student debt injustice
(DBN)

The Tuition is Too Damn High — The three reasons tuition is rising
(DBN)

Where People Are Falling Behind On Their Student Loans
(DBN)

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Retailing:

Why JC Penney Just Might Make It
(DBN)

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Aviation:

DOJ: No fast trial on airline merger
(DBN)

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Museums:

New interstate interchange opens in Kearney
(DBN)

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Mining:

Joy Global warns on revenue as coal glut hits orders
(DBN)

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Credit Counseling:

Morgan Drexen takes CFPB battle to its website
(DBN)

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Economy:

The Average American Worker Has Made No Progress In The Past Decade --- U.S. Workers Say Their Wages Rose Over Past Five Years
(DBN)

How Living Alone Came To Seem Totally Normal
(DBN)

US is a Bargain Manufacturer
(DBN)

Black And White Poverty: 1963 Vs. Today --- King’s “I have a dream” speech, by the numbers --- The Other American Dream: Social Mobility, Race and Opportunity --- Here's How Much The Minimum Wage Would Be Today If The Original Marchers On Washington Got Their Demands --- Obama Follows King Urging Post-Racial Economic Equality --- Ten charts show how the U.S. has changed for the better since MLK’s speech --- Martin Luther King's Economic Dream: A Guaranteed Income for All Americans --- The Maddening, Unmoving Economic Gap Between Blacks and Whites
(DBN)

Bond Binge Pushing Leverage Toward Financial Crisis Peak
(DBN)

Roach Warns of Global Economic Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Signed contracts to buy US homes slip in July but remain at healthy pace, despite higher rates --- US housing recovery loses a step
(DBN)

Housing Market Data Is Softening
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate declined in July, Lowest since April 2009
(DBN)

Regulators relax proposed mortgage rule
(DBN)

Banks win another reprieve from post-crisis regs
(DBN)

Third Circuit Permits Reopening of Reorganization Case to Enforce Debtor’s Purchase Option in Real Estate Lease
(DBN)

Home Price Growth Beginning To Slow Down, Says S&P/Case-Shiller
(DBN)

Refinance Applications Drop, Purchase Applications Rise: Survey --- Jumping rates push mortgage apps down
(DBN)

US agencies propose rules to cut mortgage risk
(DBN)

New Jersey ranks second in foreclosures
(DBN)

Developer of Grand Rapids shopping center files bankruptcy
(DBN)

Claim: Landlord charging extra to use elevator
(DBN)

___________

Corporate Governance:

Highest-paid CEOs in US are often fired or fined: Study
(DBN)

Corporate suicides highlight stresses at the top
(DBN)

____________

Municipalities:

Pensions and Chapter 9 Bankruptcy: How Detroit May Boldly Go Where No Municipality Has Gone Before
(DBN)

Detroit: More People, Moving Faster (and, in an instance, Slower)
(DBN)

Detroit is a tale of three cities
(DBN)

Detroit Retirees Tap Dentons
(DBN)

Detroit to keep access to casino tax revenues, bankruptcy judge rules --- Syncora Can't Freeze Casino-Tax Revenue
(DBN)

Detroit: how can regeneration solve city bankruptcy and abandonment?
(DBN)

Mediator to meet Thursday with city, creditors on Detroit bankruptcy ...
(DBN)

American Roads Reorganization Survives Objections
(DBN)

Saving Pensions Will Require Unions to Face Reality
(DBN)

Detroit pensions: Bribes, a $5000 poker chip and a big financial hole
(DBN)

Orr ties audits to pension takeover, says mismanagement evidence must be 'overwhelming'
(DBN)

Orr puts Detroit garages, meters up for sale
(DBN)

Death (certificates) took holiday in wake of bankruptcy filing
(DBN)

More Than 200 Detroit Teachers Moonlighting As 'Sugar Babies'
(DBN)

Detroit's Woes Add to Angst Over Municipal Debt
(DBN)

Vote For Detroit Campaign Recruits SXSW Audience
(DBN)

'60 Minutes' visits DIA for Detroit story
(DBN)

Harrisburg, the anti- Detroit ?
(DBN)

Lincoln Park: Officials hope they can stave off emergency manager
(DBN)

Pontiac City Council: EM's final order is illegal --- Pontiac mayor vetoes council resolution against EM's final order: "unintelligible, and therefore unenforceable"
(DBN)

Why more California cities are in big financial trouble
(DBN)

San Bernardino, deemed eligible for bankruptcy, may take knife to pensions --- Ruling Clears a Path for California City's Bankruptcy --- Bankruptcy court win almost goes sour
(DBN)

____________

Fraud:

SEC probing Soros over alleged insider trading
(DBN)

Ex-Madoff Aide Says Beach House Isn’t Fair Game for Jury
(DBN)

____________

Retailing:

Why Wal-Mart Will Never Pay Like Costco
(DBN)

Bridal Shop Says Rats Led To Bankruptcy
(DBN)

____________

Tax:

Swiss Agree on Program for Banks to Settle U.S. Dispute
(DBN)

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Compensation:

Want a job where you can fail and still get paid lavishly? Try corporate CEO
(DBN)

____________

Corporate Reform:

Tortuous extradition process awaits Spaniard in JPMorgan 'Whale' case
(DBN)

____________

Bankruptcy Crimes:

McHenry County Man Pleads Guilty to Making False Declaration in Bankruptcy Case
(DBN)

____________

Oil/Gas:

GMX Resources bankruptcy auction brings in $338M
(DBN)

____________

Food/Beverage:

Northern Beef plant running out of time
(DBN)

Restaurateur Jason Denton files for bankruptcy
(DBN)

____________

Telecoms:

LightSquared's Quest for Spectrum Continues
(DBN)

____________

Gambling:

Gary's Majestic Star taken off county tax auction, appeal pending
(DBN)

____________

Mass Torts:

Claims Chief Counters BP's 'Uncorroborated' Fraud Charges
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

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Jurisdiction:

Back to the Future: Appeals Court Lets Bankruptcy Court Decide State Law Claims
(DBN)

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Professional Compensation:

The U.S. Trustee’s New Chapter 11 Fee Guidelines
(DBN)

____________

Finance:

Make-Whole Confirmed to be a Stable Compound
(DBN)

____________

Bankruptcy Theory:

Jonathan Lipson on “Relational Reorganization”
(DBN)

____________

Consolidation:

Sixth Circuit Considers Finality of Bankruptcy Orders in the Context of Substantive Consolidation
(DBN)

____________

Good Faith:

Bad Faith Filing No Obstacle for Hotel Reorganization
(DBN)

____________

Safe Harbors:

How Safe Is the Section 546(e) Safe Harbor? Part I: Quebecor
(DBN)

____________

Automatic Stay:

Stay Here – Second Circuit in Residential Capital Holds Automatic Stay Can Be Applied to Non-Debtors Where Action Has an Immediate Adverse Economic Consequence for Estate
(DBN)

____________

Aviation:

AMR Holders Lose 19 Cents on Dollar on Blocked Deal
(DBN)

Airlines say March trial date would put merger in jeopardy
(DBN)

DOJ, American, US Airways say they're open to settlement
(DBN)

Some American Pilots Make A Measly $20 Per Hour
(DBN)

US Airways' Washington Airport Prize Hobbles AMR Merger
(DBN)

____________

Celebs:

'Girls Gone Wild' Founder Joe Francis Is Going To Jail For Allegedly Holding 3 Women Captive In His Limo
(DBN)

RI judge OKs lawsuit against Schilling, others
(DBN)

Tupac’s Mother Settles Claim Against Suge Knight
(DBN)

____________

Banking:

Libor Rate-Probe Spotlight Shines on Higher-Ups
(DBN)

Rundown: JP Morgan's Legal Headaches
(DBN)

____________

Electricity:

Moody's downgrades Energy Future Intermediate Holding Company LLC Corporate Family Rating to Caa1; maintains negative rating outlook
(DBN)

Wind Surge Saps Bondholder Hope for Energy Future Payout
(DBN)

____________

Sovereigns:

Argentine Bondholders Urge US Supreme Court to Reject Appeal
(DBN)

Doubts over Argentina's 'Plan B' weigh on sovereign curve
(DBN)

Argentina Bonds Tumble after Debt Swap Plan --- Open-ended debt restructuring
(DBN)

Argentina's latest bond swap offer has no end date
(DBN)

Argentina Economy Minister: New Swap Not Aimed at Skirting U.S. Courts --- ' Debt swap is not a way to dodge justice'
(DBN)

Argentina plays for time in debt battle, in search of escape
(DBN)

____________

UK:

Care home sector proves insolvency hotspot
(DBN)

RSM Tenon & Baker Tilly: In this together...
(DBN)

Railcare sold out of administration
(DBN)

No future for Modelzone
(DBN)

Co-operative bank reports after-tax loss of $1.2 billion
(DBN)

Pihl files for bankruptcy after ‘too aggressive expansion’
(DBN)

____________

EU:

Cypriots Try Getting By Without Credit
(DBN)

____________

Canada:

Gray Aqua files for bankruptcy protection
(DBN)

____________

Germany:

The Number Of Jobless Germans Unexpectedly Jumped In August
(DBN)

____________

Austria:

Massive Losses for Alpine: € 5bn in Debts
(DBN)

____________

New Zealand:

Guilty plea in $300M New Zealand Ponzi scheme
(DBN)

____________

Brazil:

OGX offers debt-for-stock exchange to bondholders
(DBN)

Brazil's OGX shares plunge as Batista empire unravels
(DBN)

____________

China:

China's Debt-Laden Steel Industry On The Brink Of Bankruptcy
(DBN)

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