December 12, 2013

The Daily Bankruptcy News

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Law:

Big-bucks bonuses for Boies associates top out at $300K; average is $85K --- Associate Bonus Watch: A $300K Bonus At Boies Schiller
(DBN)

Associate Bonus And New Partner Watch: Ropes & Gray (Plus A Weil Partner Pick-Up)
(DBN)

Associate Bonus Watch: Sullivan & Cromwell Breaks Its Silence
(DBN)

Closeted BigLaw househusbands? Some ambivalence about changing gender roles --- Lawyers Don’t Make Enough Money To Afford House Husbands
(DBN)

Female Associate Numbers Decline Again
(DBN)

Law school applications continue their steep decline --- Applications Down 16%
(DBN)

Law School Rankings by Elite Employment Outcomes
(DBN)

What Have I Gotten Myself Into? Part Deux.
(DBN)

10 Reasons Why I'm Happy I Left My Soulless BigLaw Job
(DBN)

Business of Law
(DBN)

Paul Hastings Lawyer Buys Hong Kong's Second-Most Expensive Home
(DBN)

Law School Ethicist: Just Because You Are Breaking Exam Rules, Are You Cheating?
(DBN)

Law lags other professions in minority hiring; which group is ‘most dramatically underrepresented’?
(DBN)

Senior female attorneys become career-death, destroyer of junior associates
(DBN)

Which Law Firm Is Getting Sued By A Contract Attorney Now?
(DBN)

Liquidators of Investment Funds Sue DLA Piper
(DBN)

Who gets client contacts when firms dissolve and lawyers leave? Ethics rule proposes an answer
(DBN)

Litigator Immelt Set to Become Hogan Lovells' Sole CEO
(DBN)

Lawyer Coloring Book :)
(DBN)

12 on 12: Holiday Gift Wish List
(DBN)

Ex-Troutman Real Estate Head Admits to Perjury
(DBN)

Brooklyn Burglar Twerks for an Hour First
(DBN)

What the Volcker Rule Really Does
(DBN)

The NSA Is Using Google's Advertising Cookies To Track Its Targets --- How The NSA Uses Cookies To Hack Computers
(DBN)

Pro-Gun Walking Dead Actress Pleads Guilty to Mailing Ricin to Obama
(DBN)

George Zimmerman Skates Again
(DBN)

American Student Studying In England Severely Beaten By British Gang For Resembling 'Harry Potter'
(DBN)

Man Says Google's Autocomplete Feature Destroyed His Life
(DBN)

Teens Throw Party in Mansion While Millionaire Homeowner is Out of Town
(DBN)

New York college student dies in hospital after fraternity ritual
(DBN)

Bootlegger tried to peel off $30K in cash to pay lawyer after 1931 trial victory
(DBN)

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Judges:

Judge Says Lazy, Unethical Prosecutors Across America Are Breaking A Basic Rule
(DBN)

Budget Deal Could Help Judiciary Recover After Cuts
(DBN)

Will there be a SCOTUS vacancy in 2014? Not according to this legal prognosticator
(DBN)

Supreme Court Retirement Watch: What Will Happen In 2014?
(DBN)

Chief Judge Kozinski Gets Benchslappy When Doubts About Lab Tests Concealed From Defendant
(DBN)

Rocker judge juggles tech policy, Supreme Court and the Stones
(DBN)

Inmate convicted in attempted murder-for-hire plot against federal judge
(DBN)

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Wall Street:

US Stock Futures Flat Ahead of Data
(DBN)

Wall Street falls as budget deal sets off Fed taper worry
(DBN)

Stay-At-Home Dads Are A Wall Street Mom's Best Accessory
(DBN)

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Layoffs:

Long-term unemployment: Doom.
(DBN)

How You Should Address Getting Laid Off On Your Resume
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Turnarounds:

Bankruptcy Trustee, Attorneys Blow Life Back into Glass Business
(DBN)

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Debt Collection:

Third Circuit Says Technical Procedural Slip-Up in Bankruptcy Proceeding Is Grounds for FDCPA Claim
(DBN)

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Health Care:

First Med EMS, Huge Ambulance Company Covering 6 States, Suddenly Closes Laying Off 2,300
(DBN)

Workers sue Sandy-devastated hospital as bankruptcy looms
(DBN)

Here's Where People Are Signing Up For Obamacare --- California enrolls 107,000 in Obamacare policies through November
(DBN)

Obamacare Enrollment Doubled in November, but Still Far Short of Pre-Launch Projections
(DBN)

Payment Due: The Obamacare Deadline No One Is Talking About
(DBN)

The Mysterious Surge of Higher-Income Obamacare Enrollees
(DBN)

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Television:

Judge approves creditors' proposal in Roberts Broadcasting bankruptcy
(DBN)

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Fraud:

Madoff's Ponzi Scheme Taught Us 8 Unforgettable Lessons About Spotting A Fraud
(DBN)

JPMorgan May Pay $2 Billion to Resolve Madoff Probe --- Criminal Action Is Expected for JPMorgan in Madoff Case
(DBN)

Five years on, Madoff still spinning the story
(DBN)

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Publishing:

Good Books Parent Files for Chapter 7
(DBN)

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Economy:

Reaction To New Budget Deal Shows How Much Conservative Groups Are Disconnected From Reality --- Boehner Unloads At Conservative Groups That Oppose The Budget Deal: 'This Is Ridiculous!' --- Budget deal a 'joke and betrayal': Stockman --- The Budget Agreement Should Cut Federal Employee Pay, But Not Like This
(DBN)

Fed Message to Be Muddled If Aid to Unemployed Expires
(DBN)

Krugman: Here's Why Everyone And The Pope Are Talking About Inequality
(DBN)

Manufacturers Expect Revenue To Grow 4.4 Percent in 2014, ISM Says
(DBN)

'Stanley Fischer favored for Fed #2 post'
(DBN)

JPMorgan's Dimon upbeat about budget deal, economy
(DBN)

S&P downgrades US growth forecast
(DBN)

Pope Francis is whistleblower for the poor. Thank you Time for recognizing it
(DBN)

Budget Deficit in U.S. Narrows as Job Gains Bolster Revenue
(DBN)

Walmart to Offer Payday Loans to Employees :)
(DBN)

Here's What The Minimum Wage Should Be In Every Major US City
(DBN)

Biggest Trends Of 2014
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosures drop to lowest level in 7 years
(DBN)

Judge approves ResCap's plan to end its bankruptcy
(DBN)

Most American Homebuyers Believe Super-Low Mortgage Rates Are Normal
(DBN)

Mortgage Applications Increase For The First Time In 6 Weeks
(DBN)

Meet The Billionaires Who Own New York And London's Skylines
(DBN)

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Municipalities:

Detroit EM Orr previews bankruptcy strategy
(DBN)

Orr, Duggan meet to decide the mayor-elect's role
(DBN)

DIA joins deal in works with mediators that would protect art, pensions in Detroit bankruptcy
(DBN)

Should Detroit Sell Its High-Value Art Collection to Pay for Its Bankruptcy? Only If it Cares About its Finances - or Art --- Mediators, DIA meet to work out art deal
(DBN)

Detroit Leaders Defend Proposed $350 Million Bankruptcy Loan
(DBN)

Detroit Bankruptcy Ruling Could Impact San Bernardino Mediation
(DBN)

Hoffa: Detroit Bankruptcy Doesn't Change Pension Obligations
(DBN)

Board: Pensions doing well
(DBN)

Detroit Art City: The Detroit Institute Of Arts Story --- DIA meets with federal mediators in effort to safeguard Detroit's art
(DBN)

Dave Bing says his tenure 'restored integrity' to mayor's office
(DBN)

Detroit bankruptcy could affect north country communities
(DBN)

Retirement crisis grows as cities raid pension and health plans
(DBN)

Cutting Public Pensions: A Matter of Fairness
(DBN)

How not to think about the pension crisis
(DBN)

The 10 unhealthiest states in America
(DBN)

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Celebs:

Death Row Trustee Aims to Start Paying Creditors
(DBN)

____________

Banking:

RBS to Pay $100 Million to Settle U.S. Sanctions Probe
(DBN)

Credit Unions Are Not The Mom-And-Pop Lenders They Pretend To Be
(DBN)

____________

Corporate Reform:

Paul Volcker: First He Challenged Obama, Then He Changed Wall Street
(DBN)

Is the Volcker Rule too Soft on Wall Street?
(DBN)

The Volcker Rule Will Not Work
(DBN)

Volcker Rule Isn't Volcker Rule, Says Volcker
(DBN)

____________

Telecoms:

LightSquared Lawsuit Survives On Eve Of Bankruptcy Auction
(DBN)

Centerbridge Partners to take over LightSquared for $3.3 billion --- Dish Network play for LightSquared may be dashed by $3.3 billion deal
(DBN)

Falcone swoops past Ergen in battle over LightSquared
(DBN)

Dish outmaneuvered in LightSquared deal
(DBN)

Magyar Telecom Announces Grant of Recognition under Chapter 15
(DBN)

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Personal Finance:

25 Ways to Improve Your Finances in 2014
(DBN)

Amazon Discount Tracker ­Camelcamelcamel Tips Users to Deals
(DBN)

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Religion:

Ireland: 325 Christian Brothers accused of abuse since 1975 --- Two religious orders utterly failed to deal with abuse for over 40 years
(DBN)

____________

Auto Racing:

Cleveland Speedway's future in serious question
(DBN)

____________

Food/Beverage:

Investors working on plans for Northern Beef plant
(DBN)

____________

Pharma:

Savient attracts a buyer willing to get it out of bankruptcy court
(DBN)

____________

Video Games:

38 Studios to sell off unfinished games
(DBN)

____________

Politics:

Poll: Really Low Approval Rating for Congress
(DBN)

Poll: Obama's Approval Ratings Fall Again
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 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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Bankruptcy Reform:

Listen To Bankruptcy Reform Commission Teleconference On Progress
(DBN)

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Avoidance Actions:

Limitations Imposed Upon the 'in Pari Delicto' Defense
(DBN)

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Personal Bankruptcy:

(Yet Another) Chapter 13 Map
(DBN)

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Cross-Border:

Post-Vitro, SDNY Bankruptcy Court Approves Recognition Order Seeking Enforcement of Third Party Releases
(DBN)

____________

Autos:

Reckoning to Revival - How U.S. Workers Defied History, Rescued Detroit's Last Auto Factory—and Recovered the American Dream
(DBN)

GM doesn't owe $450 million in retiree benefits: U.S. judge
(DBN)

Advantage picks buyer, settles vehicle lease deal with Hertz
(DBN)

Saving GM Was a Great Investment --- GM Stock: Could the Treasury Have Done Better? --- How Losing $11 Billion On GM Stock Is Actually Reasonably Awesome
(DBN)

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Resorts:

Monday hearing could determine closing for $5.2M sale of Naniloa Volcanoes Resort
(DBN)

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Corporate Governance:

Best and worst CEOs of 2013
(DBN)

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IP:

Auction held for 38 Studios intellectual property
(DBN)

Fourth Circuit Affirms Application of Section 365(n) to Ensure Patent Licensees Sufficiently Protected in Granting Relief to Foreign Representative --- Fourth Circuit Protects Patent Licensees from Termination of Licenses in a Foreign Bankruptcy --- Fourth Circuit Addresses Protections for US IP Licenses in Case Under Chapter 15 of the Bankruptcy Code
(DBN)

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Shipping:

Excel Maritime Cleared to Poll Creditors on Debt Plan
(DBN)

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Aviation:

American Airlines workers begin to see post-merger changes
(DBN)

Don't Panic, AMR Shareholders! Your Investment Is Still Intact
(DBN)

Asiana Crash Pilot Set Throttle He Didn't Understand to Idle
(DBN)

Poll: No to Cell Phone Calls on Flights
(DBN)

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Defense:

Defense Contractor Star Dynamics Files for Bankruptcy
(DBN)

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Retailing:

Loehmann's facing new bankruptcy : sources
(DBN)

____________

Alternative Energy:

Troubled Fisker paid out hefty salaries in 2013
(DBN)

____________

UK:

Begbies Traynor hit by fall in number of insolvencies --- Begbies' revenues down 15%
(DBN)

Recovery 'to cause more firms to fail'
(DBN)

Akin Gump role central to collapse of UK bribery trial
(DBN)

CBC £14m pensions black hole
(DBN)

Senior appointment for Walker Morris' restructuring & insolvency group
(DBN)

____________

Canada:

Canada Post cuts: Turnaround plan or beginning of the end?
(DBN)

Grant Thornton acquires Haley and Associates
(DBN)

____________

Africa

Report: Nigeria Is Missing $50 Billion In Oil Money
(DBN)

____________

Russia:

BPF Bank Closes 15 Offices Pending Insolvency Investigation
(DBN)

____________

Iceland:

IMF Says Iceland's Debt Relief Risks Housing Fund
(DBN)

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Copyright 2013