December 11, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: The Sad Tale Of Simpson Thacher
(DBN)

Associate Bonus Watch: Paul Weiss Lawyers Don’t Think Bonus Is So Nice (Plus News From Bracewell & Giuliani)
(DBN)

Lake Wobegone
(DBN)

Litigation: Soul stealing
(DBN)

Business of Law
(DBN)

Crain’s 2013 ‘Best Places To Work In NYC’ List Includes Seven Law Firms
(DBN)

A Discussion About Biglaw’s Present: An Interview With Indiana Law’s Bill Henderson
(DBN)

State Supreme Court disbars bankruptcy lawyer Sean Cooper
(DBN)

BigLaw partner is free on bond after arrest in alleged s-- assault
(DBN)

A Partner Accused Strikes Back
(DBN)

The Law Trails Other Professions in Ethnic Diversity
(DBN)

Women equal but different?
(DBN)

Salaries of ‘Millennial’ Women Reach 93 Percent of Men’s
(DBN)

Biglaw’s Brave New Social World
(DBN)

Newspaper investigation links Chicago lawyer to controversial tax-lien business
(DBN)

2013 Holiday Gifts for Lawyers: A Law & Order gavel, an e-book rental service and the Chumbuddy 3
(DBN)

Harvard Law Is Finally Dealing With Its Huge Sexism Problem
(DBN)

New And Improved Final Exams: Now With All The Answers In The Test!
(DBN)

The Best Law Firms for LGBT Lawyers
(DBN)

Time to Come Out with Your Househusband?
(DBN)

What Not To Do At The Company Holiday Party
(DBN)

22-Year-Old Bride Allegedly Pushed Her Husband Off A Cliff Because She Had 'The Wedding Blues'
(DBN)

Baby Jesus stolen from two nativity scenes
(DBN)

Suit: Cops kill pet parakeet during unwarranted home raid
(DBN)

School officials accuse 6-year-old boy of 'sexual harassment' for kissing girl on cheek
(DBN)

Boy with Asthma Dies After School Confiscates His Inhaler
(DBN)

Atheism Is Punishable By Death In These 13 Countries
(DBN)

The Sign Language Interpreter At Mandela’s Memorial Was 'A Complete Fraud' Making Nonsense Gestures
(DBN)

Police: Man wielding sword steals several tacos
(DBN)

Affluenza: Teen Who Killed Four People Got Off On Probation Because He's Rich
(DBN)

Life in Prison for Forging a $88 Check
(DBN)

Florida Woman Seeking 'Closure' Sets Fire to Ex-Boyfriend's House
(DBN)

Satanic Temple wants to erect ‘good taste’ display next to Ten Commandments
(DBN)

Say What?!
(DBN)

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Judges:

Senate Democrats Reaps Fruit of Filibuster Move With Millett Vote
(DBN)

Tweet: tsk-tsk
(DBN)

5th Circuit nominees may include a GOP judge
(DBN)

Can You Help Out The Ninth Circuit?
(DBN)

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Wall Street:

US Stock Futures Suggest Weak Start
(DBN)

Wall Street falls after record; Fed remains in focus
(DBN)

A Former Exec At The 'Wolf Of Wall Street' Firm Has A Few Bones To Pick With The Story - "We were friendly to the midgets"
(DBN)

Will Volcker Rule Crush Goldman Sachs?
(DBN)

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

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Layoffs:

1.3 Million Americans Are About to Have a Terrible Christmas
(DBN)

The 50 Best Places to Work for 2014
(DBN)

Struggles of younger U.S. workers ripple through economy
(DBN)

Manpower Employment Outlook Survey Reveals Stable U.S. Hiring Plans for Quarter 1 2014
(DBN)

Desperately Seeking Skills
(DBN)

24 Domino's Pizza Deliverymen Allegedly Fired After Protesting Wages
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Bailing out General Motors cost the US government $11 billion and it was worth every penny --- US auto bailouts weren't a success --- End of Detroit Bailout Era
(DBN)

GM bailout played out over five years --- Report: GM bailout saved 1.2 million jobs
(DBN)

Akerson Led GM From IPO to End of ‘Government Motors’ --- GM Chooses Barra as First Female CEO of Global Automaker --- Shakes up auto industry men's club --- GM's New CEO is No "Car Girl" --- GM's First Female Chief Has an Incentive Problem
(DBN)

GM wins ruling over $450M retiree health dispute
(DBN)

Catalyst Ends Up Top Bidder for Advantage
(DBN)

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Health Care:

UT Medical Group considering bankruptcy in wake of verdict
(DBN)

Former San Diego Hospice Employees Reach $3 Million Settlement
(DBN)

BG Medicine Needs Funds
(DBN)

Major ambulance service shuts down without notice in six states
(DBN)

Three Ways to Improve U.S. Healthcare, as Demonstrated in India
(DBN)

The Wild West of Ambulance Charges
(DBN)

You're Getting Too Much Healthcare
(DBN)

Bipartisan Fix for Doctor's Medicare Pay
(DBN)

Healthcare.gov Makes Mobile Phones Seem Like a Free-Market Paradise
(DBN)

Consumers Find HealthCare.gov More User-Friendly
(DBN)

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Awards:

Roe named a fellow of the American College of Bankruptcy
(DBN)

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Debt Collection:

CFPB: No “Crisis” in Debt Collection , But Problems Need Correcting
(DBN)

All Creditors In U.S. To Be Impacted New CFPB Debt Collection Rules
(DBN)

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Museums:

County OKs Money for Kearney Archway Museum
(DBN)

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Economy:

US Job Openings Unexpectedly Rose In October --- Five-Year High --- Rising Job Openings Show U.S. Companies Poised to Hire
(DBN)

Bipartisan Budget Said to Ease Automatic Spending Cuts --- New Budget Agreement Doesn't Contain Extended Benefits For The Unemployed --- Here's How The Budget Deal Hurts Future Federal Workers --- A Simple Chart From Goldman Shows Why The Budget Deal Is Good News For The Economy --- Conservative groups sound alarm over tentative budget deal
(DBN)

Get Ready: Here Comes the Real Economy
(DBN)

Morgan Stanley: Stop Talking About Tapering — Here's What You Should Be Talking About Instead
(DBN)

The Myth of the American Dream
(DBN)

Americans May be Done Deleveraging
(DBN)

CBO Details Growing US Income Inequality
(DBN)

Here's Paul Krugman's Plan To Grow The Economy Without Bubbles
(DBN)

There are Now Two Americas
(DBN)

US Poverty Decreased Over Last 50 Years
(DBN)

The 25 Happiest Companies In America
(DBN)

The Disastrous Rollout Of Obamacare Just Saved The Economy
(DBN)

Wall St. Has Smoked Main Street Since Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

More Americans are stuck in housing purgatory
(DBN)

Former lawyer enters not guilty plea in alleged mortgage scam
(DBN)

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Municipalities:

Detroit Pensions Should Consider Cuts for Top Earners, Orr Says --- Orr disputes report that he thinks higher-paid Detroit pensioners should take larger cut --- Orr: Detroit pensions should consider benefit cuts
(DBN)

Detroit bankruptcy doesn't change obligations
(DBN)

DIA: Delusions in Detroit
(DBN)

Time to Sell the Family Jewels, Detroit
(DBN)

Will the Detroit Institute of Arts be forced to sell its treasures? --- Documentary “Detroit Art City” highlights financial crisis at DIA --- Redeeming the DIA --- City responds to creditors' call for DIA appraisals --- Homegrown Art Torched as Detroit Tries to Preserve Old Masters
(DBN)

A Silver Lining In Detroit's Bankruptcy
(DBN)

Some Implications of Detroit’s Bankruptcy
(DBN)

Public bankruptcy reveals clash of generations
(DBN)

Detroit, Chapter 9 Pension Impairment and Special Revenues Pledged to Secure General Obligation Bonds
(DBN)

Metro Detroit officials want changes in a plan to regionalize the Detroit Water and Sewerage Department --- Detroit's water drains away from ravaged pipes
(DBN)

How to Solve Detroit's Pension System Problem in One Easy Step
(DBN)

Watch these insane guys go skiing in abandoned buildings in Detroit
(DBN)

Federal and state law may clash over Stockton bankruptcy
(DBN)

Desperate Hot Springs – Another California city teeters on the edge of bankruptcy
(DBN)

San Bernardino, creditors cite progress on bankruptcy issues
(DBN)

How Significant Will Detroit Be for Public Pension Policy?
(DBN)

____________

Fraud:

Madoff Five Years Later: Where Are Some of the Key Players Now?
(DBN)

Madoff workers concerned about 'exit strategy' in 2006: witness
(DBN)

Ex-Madoff Programmers Wanted Payment in Diamonds, Jury Told
(DBN)

Madoff was 'at the end of his ropes'
(DBN)

Madoff prison interview: Thoughts on prison, Fed, more
(DBN)

Unraveling the Lies Madoff Told
(DBN)

Judge: Madoff Daughters-In-Law Can't Be Sued
(DBN)

Madoff Planned Everything, Cried Before Arrest, Jury Told
(DBN)

____________

Corporate Reform:

Regulators release final version of Volcker rule --- Volcker Rule Will Take Years to Understand --- The government's 'fact sheet' on the Volcker Rule --- Volcker rule to curb Wall Street bank trading bets --- Volcker Suddenly Relevant Again
(DBN)

Volcker rule bars most bank proprietary trades --- Volcker Rule Ushers in Era of Increased Oversight of Trades --- How ' Volcker Rule' would limit banks' risky bets --- How Strict Is the Volcker Rule? Does It Have Teeth? --- The Volcker Rule Is Tough. It's Complicated. Will It Be Effective?
(DBN)

Who Are the Volcker Rule Winners and Losers?
(DBN)

Big bank stocks shrug off Volcker Rule
(DBN)

Volcker Rule Lets Bank CEO's 'Off the Hook'
(DBN)

In English — Why The Volcker Rule Might Actually Change Wall Street
(DBN)

War of Words Over the Volcker Rule: a History --- What You Need To Know About The Volcker Rule
(DBN)

Is the Volcker Rule Susceptible to a Scalia Challenge?
(DBN)

How to Make Sure the Volcker Rule Survives in Court
(DBN)

SIGTARP's The Real "New Sheriff In Town"
(DBN)

____________

Television:

Comcast says Astros unwilling to put CSN Houston’s best interests first
(DBN)

____________

Autos:

Catalyst Capital Wins Bidding for Advantage Rent a Car
(DBN)

____________

Metals:

Steelworkers urge reopening of Ormet smelter
(DBN)

____________

Distressed Investing:

Oaktree's Howard Marks Says European Investing to Accelerate
(DBN)

Distressed Company Watch List
(DBN)

____________

Resorts:

State says its OK is needed in bid to block Naniloa sale
(DBN)

____________

Telecoms:

Judge allows most of LightSquared suit vs Dish, Ergen
(DBN)

____________

Food/Beverage:

New Mexico peanut plant may open again
(DBN)

____________

Theater:

Theater of the Stars files for bankruptcy , leaves subscribers in wake
(DBN)

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Banking:

BofA Faces Billions More in Legal Costs
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

U.S. High Court: Government May Weigh In On Case About Bankruptcy Court’s Power
(DBN)

National Bankruptcy Conference Releases White Paper on Executive Benefits Insurance Agency v. Arkison
(DBN)

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Avoidance Actions:

Preferences: Surprise – Being Fully Secured May Not Be A Complete Defense
(DBN)

____________

IP:

When Worlds Collide, The Sequel: Fourth Circuit Rules On Section 365(n)'s IP Licensee Protections In Chapter 15 Cross-Border Bankruptcy
(DBN)

____________

Claims:

Why Wright Was Wrong: How the Third Circuit Misinterpreted the Bankruptcy Code . . . Again
(DBN)

____________

Setoffs:

Triangular Setoff: When it Comes to Securities Contracts, it Still Takes Two—and Only Two—to Tango
(DBN)

____________

Proofs of Claim:

No Proof, No Claim: Delaware District Court Holds that Motion for Relief from Stay is Not an “Informal” Proof of Claim
(DBN)

____________

TBTF:

What Taxpayers Gained From Saving GM
(DBN)

Seizure Plans for Failing U.S. Financial Firms Released by FDIC
(DBN)

Fed Official: Better Bankruptcy Laws Would Reduce Risky Funding
(DBN)

____________

Trustees:

Soneet Kapila, founding partner of Kapila & Co.
(DBN)

____________

Start-Ups:

A Self-Made Billionaire Explains The Brilliance Of Failure
(DBN)

____________

Alternative Energy:

Bankruptcy judge concerned over speed of Fisker case --- Quick Sale in Fisker Bankruptcy Remains on Track
(DBN)

Suntech Bondholders Face Off Over Bankruptcy Case
(DBN)

Suntech restructuring takes new twist with probe into sale of main unit
(DBN)

Flabeg Solar US assets to be auctioned on December, 17
(DBN)

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Pensions:

America’s Retirement Crisis Grows as Cities Raid Pension and Health Plans
(DBN)

____________

Aviation:

American Airlines' Departing CEO Gets a $17 Million Bon Voyage --- Here’s the $17 million or so that Tom Horton is getting
(DBN)

Former AMR CEO Crandall: "Now what American has to do is clean Delta’s clock"
(DBN)

Unions reaction to closing of American, US Airways merger
(DBN)

American Airlines' next challenge? Making money.
(DBN)

Alitalia pockets emergency cash, heads to union meeting
(DBN)

____________

Gambling:

Minimum Bid for Atlantic Club: $25 Million --- Bids may vary widely in Atlantic Club casino bankruptcy auction next week
(DBN)

____________

Buses:

Schools find another bus company as Atlantic Express goes bankrupt --- Learn from school bus contract debacle
(DBN)

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Sovereigns:

Argentine bondholders hire lawyers in debt resolution effort
(DBN)

____________

UK:

London leads in individual insolvency levels
(DBN)

Heathrow Closure and 70,000 Jobless
(DBN)

Jamaican Reggae Boy Jermaine 'Teddy' Johnson Bankrupt In The UK
(DBN)

Debt advisers hire new insolvency director
(DBN)

Begbies' revenues down 15% --- Begbies hit by fewer insolvencies
(DBN)

Update On Shareholder And Equity-Related Claims In Insolvency Proceedings
(DBN)

____________

EU:

Putting off the details, EU ministers aim for political deal on closing bad banks
(DBN)

Desperate EU Refiners Look to Asia
(DBN)

IMF's Lagarde: Euro Crisis Not Solved Yet
(DBN)

____________

PIIGS:

Greek Pension Fund Reserves for 2015 are About to Collapse --- Greece’s Property Taxes Among Highest in EU
(DBN)

ie: First bankruptcies declared under new three-year regime - Four of seven bankruptcies are personal applications with no legal assistance
(DBN)

____________

Canada:

Is Calgary The Next Detroit? Bankruptcy Fears As Cities Share Similarities
(DBN)

____________

Germany:

German Exports Reach Record High
(DBN)

German cities pile up mountain of debt
(DBN)

____________

Brazil:

What Are The Chances Of Brazil's State-Owned Oil Giant Petrobras Going Bankrupt? 32%, To Be Precise
(DBN)

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Copyright 2013