August 7, 2013

The Daily Bankruptcy News

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Law:

Summer Hiring Survey: Big Firms Slimmed Down in 2013
(DBN)

Are Supreme Court Clerkship Bonuses Climbing Again?
(DBN)

How Much Do You Make — And Why?
(DBN)

Morrison & Foerster, Vinson & Elkins, Cravath: Business of Law
(DBN)

The 50 Best Law Firms For Women (2013)
(DBN)

Gender News—How Boys Grow Up to be Republicans; Aging Brides; Broducts
(DBN)

Top 5 Mistakes Made by New In-House Counsel
(DBN)

Bipolar Lawyer: Let The Mentally Ill Practice Law
(DBN)

Law Firm Administrator Pay Jumps 16% in 2013
(DBN)

Ex-administrator gets over 10 years in $1M law firm theft; all but $237K was recovered
(DBN)

KPMG targets corporate lawyer hires as accountant mulls ABS push into legal services
(DBN)

Freshfields lawyer: "I work on the train and then in the office I try to be as efficient as possible, so that I can leave just before 5pm"
(DBN)

5 Secrets For Seducing A Lawyer
(DBN)

GSU students to offer free bankruptcy counsel
(DBN)

U.S. News Puts Out Misleading Guide For Prospective Law Students
(DBN)

'What the Best Law Teachers Do'
(DBN)

Lawyer Gets Five Year Suspension For Facebook Deletion Advice
(DBN)

Judge orders EEOC to pay $4.7M in legal fees in Jenner & Block case
(DBN)

This ‘Social Media’ Thing Might Not Be A Fad, Law Firms Acknowledge
(DBN)

U.S. Files Charges in Libya Attack
(DBN)

Cops: Brooklyn Man Sold Cocaine And Pain Pills Out Of His Ice Cream Truck
(DBN)

Gunman opens fire at municipal meeting, killing 3; his home had just been condemned
(DBN)

Chevy Dealership Employee Steals New Camaro, Apparently Doesn't Know How OnStar Works
(DBN)

The Cops Can Take Away Your Cash, Car, Or House — Even If You're Never Convicted Of A Crime
(DBN)

The Judd Apatow Test of Free Speech
(DBN)

Why Everyone Is Obsessed With 'Breaking Bad'
(DBN)

Say What?!
(DBN)

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Judges:

Phantoms Of The Opera? No, It’s Just Scalia And Ginsburg
(DBN)

When Judges Attack! Judge Rips Jury For Not Guilty Verdict
(DBN)

Don't call the judge 'hon'
(DBN)

NM Bankruptcy Court wins technical honors
(DBN)

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Wall Street:

US stock futures on the wane
(DBN)

Markets Around The World Are Selling Off
(DBN)

Wall Street ends lower on uncertainty about Fed's move --- Worst day since June on Fed jitters, S&P ends below 1700 --- What to Make of This Selloff
(DBN)

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Layoffs:

CEO Uses Ludicrous Euphemism For Laying Off Employees
(DBN)

How Much Is the Jobs Market Improving?
(DBN)

16 Low-Paying Jobs That Make The World A Better Place --- High Paying, Low Meaning Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Newspapers:

The Washington Post Has 640 Journalists -- Here's How Many It Can Actually Afford
(DBN)

Washington Post stock closes at 5-year high
(DBN)

Jeff Bezos and his journalists
(DBN)

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Aviation:

Avantair Involuntary Bankruptcy Case Speeding Along
(DBN)

Pilot union pushes American Airlines management to lay out fleet plans for large regional jets
(DBN)

Pilots of Southwest Plane Switched Command Before Crash
(DBN)

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Accounting:

PCAOB Finds Continuing Audit Deficiencies at Ernst & Young
(DBN)

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Telecoms:

Falcone's Harbinger sues Dish Network's Ergen over LightSquared --- Billionaires' Battle Over LightSquared Breaks Into the Open
(DBN)

Harbinger sues Dish's Ergen over LightSquared debt buys
(DBN)

LightSquared’s Ad Hoc Lenders Propose Reorganization Plan
(DBN)

Hawk Electronics to file for bankruptcy
(DBN)

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Lehman:

S.D.N.Y. Bankruptcy Court Finds That Claims Against Lehman Brothers Inc. Related to Bilateral Repurchase Transactions Do Not Qualify for Customer Status
(DBN)

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Celebs:

Teresa Giudice Lashes Out at Latest Legal Rumors, Says She's Going to Florida With "Juicy Joe" --- Teresa Giudice's Husband Joe to Take the Fall for Family? 'Housewives' Star Wants House Arrest
(DBN)

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Student Debt:

Why Student Loans and Mortgages Don't Mix
(DBN)

Only 40% Of Federal Student Loan Borrowers Are Currently Making A Payment
(DBN)

Nearly Half Of All Student Loans Are Unpaid --- Nearly 7 million Americans in default
(DBN)

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Consumer Finance:

How One State Did Restrict Payday Loans
(DBN)

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Fraud:

Ex-Stanford Execs. Liable For Fraud, Ordered To Pay $5.5M
(DBN)

After Tourre Decision, UBS Pays $50 Million to Settle
(DBN)

Wall Street's big SAC Capital problem
(DBN)

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Economy:

Fed’s Evans Won’t Rule Out September Pullback in Bond Buying --- It Looks Like A September Tapering Is A Done Deal --- Fed's Evans Sees Labor Improvement With September Taper Possible
(DBN)

US Trade Deficit Narrows to $32.4bn in June
(DBN)

Pentagon Cuts Furlough Days to 6 From 11
(DBN)

GOP Governors Don't Want Gov't Shutdown
(DBN)

The Top 28 Firms For Rich People
(DBN)

Krugman: Another Bad Crisis Explanation Story Bites The Dust
(DBN)

How Mexican Immigrants Save Native Workers From Recession
(DBN)

Why We Keep Playing the Lottery
(DBN)

9 Offbeat Economic Indicators Loved By Econ-Hipsters
(DBN)

How McDonald's Pays $15 an Hour Down Under
(DBN)

The tax system is keeping 2.2 million people out of poverty
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices rise again, but at a slower pace --- Near seven-year high
(DBN)

Asking Prices Cooled in July
(DBN)

Cross-Collateralization: Beware the Intricacies of Local Real Estate Law
(DBN)

Bank Of America Sold $850M In "Toxic Waste" Mortgage Securities: DoJ --- BofA Put Toxic Debt in Bond as Staff Resisted, US Says
(DBN)

Mortgage Debt Rejected by Banks Facing New Rules
(DBN)

Obama touts housing recovery, lays out strategy to build on gains --- Obama Should Stop Talking About How Great Homeownership Is --- Text of Obama Speech on Homeownership
(DBN)

Obama says it is time to wind down Fannie and Freddie --- Obama Says Government Still Needed in Housing Market --- How's Obama Going to Get US Out of the Mortgage Market? --- A pink slip for Fannie Mae and Freddie Mac? --- After a housing bubble, do Americans really need subsidized 30-year mortgages?
(DBN)

Obama wants to help people refinance their mortgages. Is it too late?
(DBN)

Real estate investor Thompson defrauded investors, Finra claims
(DBN)

____________

Municipalities:

Chapter 9 Hysteria in the Wall Street Journal
(DBN)

Motown's Pension Showdown --- The truth about Detroit pensioners
(DBN)

Detroit’s Venal Art Sale No Fix for Urban Nightmare --- Detroit retirees have mixed feelings on DIA art sale --- Orr says he's stayed away from DIA, 'didn't want to draw any more attention' --- DIA Director: You Can't Help But Be Worried --- DIA: Appraising art collection unnecessary, undercuts efforts to rebuild Detroit --- Detroit to pay Christie's $200K to value DIA art
(DBN)

Will A Hockey Arena Save Detroit ?
(DBN)

“Pit Bull” CFO Drives Detroit Turnaround
(DBN)

George Will: Detroit faces long-delayed rendezvous with reality
(DBN)

Sen. Paul working on Detroit rescue plan
(DBN)

Causes of Detroit's Bankruptcy Are Complex and Varied
(DBN)

Kellogg Hometown Is 2nd Michigan Muni to Delay Bond Sale
(DBN)

Detroit , Pontiac hold pivotal primary elections --- 16 compete in Detroit mayoral primary --- The people who want to run the bankrupt city of Detroit --- Write-in, sheriff move on in Detroit mayor race --- Detroit's mayoral election matters --- Napoleon, Duggan take Detroit's mayoral primary
(DBN)

Detroit property owners can file tax appeals, judge says
(DBN)

Snyder needs to follow auto industry's example
(DBN)

AMC's 'Low Winter Sun' a dark portrait of a city
(DBN)

Kevyn Orr’s 'Cowpie Moment' Recalls Steve Miller’s at Delphi
(DBN)

Snyder: Pontiac schools in financial emergency
(DBN)

Judge: DPS emergency manager has control over library commission
(DBN)

Detroit Is Merely Tip Of Iceberg For Local, State Pension Crisis
(DBN)

Could New York City become the next Detroit ? --- Bloomberg Warns NYC Could End Up Like Detroit --- Bloomberg urges action on pension and healthcare costs --- Bloomberg insists that next mayor has an "unprecedented opportunity" to negotiate every union contract --- Mayor: NYC to seek bids on health insurance
(DBN)

Is Philly Right Behind Detroit?
(DBN)

Stockton: Bad info led city to ruin
(DBN)

San Bernardino Workers Withdraw Challenge to Bankruptcy
(DBN)

Jefferson County Investors Seek Plan Vote as Exit Nears
(DBN)

Here's who objected and why the Water Works Board opposed Jeffco's critical bankruptcy filing
(DBN)

Jefferson County Plan Threatened by High Rates: Lawyer
(DBN)

Chicago Debt Could Make the Windy City the Next Detroit --- Chicago Faces Investors After Its Steep Downgrade
(DBN)

2 Reasons To Live In Chicago Instead Of New York City
(DBN)

20 Cities That May Face Bankruptcy After Detroit
(DBN)

Audit hammers bankrupt California city's financial management
(DBN)

RI panel to review lead-up to 38 Studios debacle
(DBN)

Ambac to Pay Supplements as Vegas Monorail Holders Wait
(DBN)

Citigroup Cuts Muni Forecast to $320 Billion on Yields
(DBN)

The Real Reason to Sell Municipal Bonds
(DBN)

____________

Corporate Reform:

Internally, Wall Street Banks Are Flipping Out About SAC Capital
(DBN)

SEC's Hunt for Crisis-Era Wrongdoing Loses Steam
(DBN)

____________

Alternative Energy:

First Solar Tanks After Earnings
(DBN)

Holders of second bond approve SolarWorld restructuring
(DBN)

____________

Food/Beverage:

McDonald's Franchisees Are Furious About How Much It Costs To Operate A Restaurant
(DBN)

Toxic milk prompts $200M bankruptcy for Exim Brickell
(DBN)

The 10 Best Restaurants In San Francisco's Castro Neighborhood
(DBN)

10 Foodie Adventures You Need To Take This Lifetime
(DBN)

Restaurant Decides To Ban Children At Dinner
(DBN)

____________

Art:

Bankruptcy pits works of art vs. retirees
(DBN)

As Detroit Flounders, Its Art Scene Flourishes
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Bankruptcy Bonuses:

Judge Approves Orchard Supply's Executive Bonus Plan
(DBN)

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Trustees:

MF Global trustee Freeh seeks additional $1 million in fees
(DBN)

____________

Plan Confirmation:

Central European Distribution Corporation's Chapter 11 Plan Incorporates Dutch Auction
(DBN)

Third Circuit Affirms Finding that Debtor’s Co-Defendant Lacked Standing to Object to Plan
(DBN)

____________

Secured Debt:

Secured Claims and the Non-Participating Creditor
(DBN)

____________

Executory Contracts:

Cherry Picking Contract Provisions in Bankruptcy: Not so Taboo After All?
(DBN)

____________

Health Care:

Ambulance Company Rural/Metro Wins Approval of Bankruptcy Loan
(DBN)

NYC losing small hospitals as money woes mount
(DBN)

Orlando Health Layoffs Continue
(DBN)

____________

ATMs:

Global Axcess files Chapter 11
(DBN)

____________

Banking:

Bids open for Metropolitan National Bank
(DBN)

____________

Mass Torts:

BP balks at paying claims administrator
(DBN)

Garlock estimation testimony resumes
(DBN)

Garlock claimants' expert testifies about 'low hanging' defendants
(DBN)

____________

Retailing:

Penney's shares plummet - again
(DBN)

Are These Book Sellers In Trouble?
(DBN)

American Eagle dives after hours on warning
(DBN)

____________

Commodities:

No Matter What, Wall Street's Controversial Warehousing Businesses Are Getting Hit
(DBN)

JPMorgan Sued With Goldman in Aluminum Antitrust Case
(DBN)

____________

Autos:

US Auto Recovery Has a Long Road Ahead
(DBN)

Cadillac Executives Quitting Like Crazy
(DBN)

Coming Soon: In-dash Advertising in Your Car
(DBN)

Feds raid bankrupt man’s multi-million dollar Dallas-area home
(DBN)

____________

Coal:

James River Coal Company: Bankruptcy Possible?
(DBN)

____________

Tech:

Objections mount to EI's sale proposal
(DBN)

____________

Hollywood:

Disney Predicts It Will Lose Between $160-$190 Million On 'The Lone Ranger' Bomb
(DBN)

____________

Politics:

Why you shouldn't underestimate Elizabeth Warren
(DBN)

___________

Shipping:

SEC Launches Probe of Overseas Shipholding Group
(DBN)

____________

Brokers:

House Republicans Urge Perjury Probe of Corzine
(DBN)

____________

UK:

Bank Of England Announces Big Change To Monetary Policy
(DBN)

15-ton fat blob removed from London sewer
(DBN)

SFA clarify Gers query on fine for insolvency
(DBN)

____________

PIIGS:

Credit Suisse: Europe's Recession Is Over, And Even Greece And Spain Are Getting Better
(DBN)

Fitch: Long-Term Restructurings to Rise in Irish Mortgage Market
(DBN)

Bankrupt Sean Quinn fails to unfreeze injunctions
(DBN)

____________

France:

France's Fourth Largest Industry: It’s 'Never Been This Catastrophic'
(DBN)

____________

Germany:

Insolvent Praktiker secures financing to pay suppliers
(DBN)

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