December 18, 2013

The Daily Bankruptcy News

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Law:

First-Year Law School Enrollment Declines to Lowest in 36 Years --- Down 11 percent this year over last year, 24 percent over 3 years
(DBN)

Which Law Schools Are Doing Better (Or Worse) Than They Should ...
(DBN)

Thompson Hine Elects New Bankruptcy Partner --- Scott B. Lepene
(DBN)

A Discussion About Biglaw’s Present: An Interview With Indiana Law’s Bill Henderson (Part 2)
(DBN)

Associate Bonus Watch: Susman Godfrey --- How Much Is Susman Godfrey Paying in Bonuses?
(DBN)

Associate Bonus Watch: Morrison & Foerster (New York)
(DBN)

Big Law Partner Buys House for $95 Million
(DBN)

Litigation Funders May Be Liable in Failed Excalibur Case
(DBN)

A Cautionary Tale of Privilege Via Email
(DBN)

Business of Law
(DBN)

Linklaters tumbles from top 10 as public M&A market stalls in 2013
(DBN)

Dean Of California Law School That's Being Trashed In The Press Admits To 'Missteps'
(DBN)

Northwestern University School of Law receives $15 million gift
(DBN)

When Living With Law Students Goes Real Wrong
(DBN)

Beating A Big Law Bully
(DBN)

Holiday Gifts for Your Secretary / Administrative Staff
(DBN)

Now, it's Snowden: the book and, maybe, the film --- Snowden Asks For Asylum In Brazil — Here's Why He's Not Going Anywhere Anytime Soon --- Snowden: NSA's Judgment Day Will Come --- Judge's Ruling On NSA Program Is Just The 'Opening Salvo' --- NSA Case May Force Supreme Court To Decide How Much Information Is Too Much --- Tech Execs to Obama: NSA Spying Threatens Business --- Merkel compared NSA to Stasi in heated encounter with Obama
(DBN)

The 15 Most Popular Free iPhone Apps Of 2013
(DBN)

Lawyer: I Got Myself Arrested So I Could Look Inside the Justice System
(DBN)

Suit: Police Brutalize 8th Grader For Hours In Interrogation Over Broken Window
(DBN)

Lawyer who fired shots into office employee’s condo is sentenced to prison
(DBN)

Law firm’s exclusive bus-advertising contracts don’t appear to violate antitrust law, judge rules
(DBN)

Kidney from colleague is lawyer’s ‘biggest gift’ this Christmas
(DBN)

Thomas Jefferson Law School Almost Accepts Responsibility… Almost
(DBN)

7 immigrants brought to U.S. as children sue for in-state Virginia college tuition rates
(DBN)

A Map of the Weirdest S-- Laws in the United States
(DBN)

Florida School Tells Fifth Grader That He Cannot Keep Both First Place Prize and His First Amendment Rights
(DBN)

Soap Mistaken For Cocaine Lands 2 People In Prison For A Month
(DBN)

Former White House Attorney Held Liable For Brutally Beating Ex-Wife
(DBN)

Harvard Student Charged For Sending Bomb Threat To Avoid Final
(DBN)

‘Affluenza’ teen who killed four people in DUI crash sued by victims’ families | The Raw Story --- No Defense for Affluenza
(DBN)

Say What?!
(DBN)

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Judges:

Veteran Bankruptcy Judges Peck and Gropper to Retire
(DBN)

Which Minnesota judge made the most money off the bench?
(DBN)

Judge Rakoff Rips The Government For Dropping The Ball On Financial Crimes
(DBN)

The Day the Laughter Died at SCOTUS
(DBN)

Ginsburg: justices should stay if able to work --- Justice Ginsburg happy to no longer be confused with Sandra Day O’Connor
(DBN)

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Wall Street:

Stock Futures Rise as Fed Meets to Mull Stimulus Rollback
(DBN)

US stocks up sharply at close
(DBN)

Wall Street Guy Goes To Wal-Mart To Mock Protesting Workers
(DBN)

Wall Street Dips Ahead of Fed Meeting
(DBN)

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Layoffs:

Elizabeth Warren Wants To Ban Companies From Using Credit Checks On Potential Employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Why Loehmann's is bankrupt while TJ Maxx cruises along
(DBN)

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Banking:

Judge Holds Execs of Failed Banks Personally Liable in FDIC Suit
(DBN)

J.P. Morgan Chase Sues FDIC Over Washington Mutual Claims
(DBN)

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Food/Beverage:

Seneca Foods to acquire assets of Ark. firm for $148M | Rochester Business Journal New York business news and information
(DBN)

Time Is Up for High-Security Wine Cellar Hit by Hurricane, Judge Rules
(DBN)

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Retailing:

Loehmann's to Slow Sale Process After Bankruptcy Judge Balks
(DBN)

Shopping Marathons Coming: Stores Open 100+ Hours in a Row Before Christmas
(DBN)

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Autos:

Bertone Reportedly On the Verge of Bankruptcy, Turkish Buyer Said to be Interested
(DBN)

GM CEO: We Won't Pay More Back to Gov't
(DBN)

UAW Wants Two Tier Wages Gone
(DBN)

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Marketing:

Velti Says Blackstone Affiliate to Buy Business Lines
(DBN)

____________

Economy:

Cost of Living in US Unchanged as Gasoline Prices Fall
(DBN)

AP survey: US income gap is holding back economy
(DBN)

Treasury Yield Curve Steepens Before Fed Policy Makers' Meeting
(DBN)

Map: Counties That Pay Most in Federal Taxes
(DBN)

The Rich Are Paying a Smaller Share of Taxes Under Obama
(DBN)

At 61 She Lives in Basement While 87-Year-Old Dad Travels
(DBN)

Budget Deal Splits GOP in House, Senate --- Disabled Military Retirees Not Exempt from Pension Cuts in Budget Deal
(DBN)

Income Gap Holding Back Economy
(DBN)

DC far outpaces nation in personal earnings
(DBN)

Teacher's Pay State by State
(DBN)

Most Americans Want Minimum Wage Higher
(DBN)

US Income Distribution
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homebuilder Confidence Hits 8-Year High
(DBN)

Nearly 6.4-million homeowners still underwater on their mortgages
(DBN)

Secret Inside BofA Office: Stall Needy Homeowners
(DBN)

How Risky Is It to Make a Non-QM Mortgage? And Is QM Going to Hold Back Access to Credit?
(DBN)

Union Trust Building's bankruptcy plan withdrawn
(DBN)

NJ lawyer admits involvement in $30 million mortgage scam
(DBN)

____________

Municipalities:

As bond insurers drop objections, Detroit bankruptcy progresses
(DBN)

Detroit seeks key court ruling to infuse bankrupt city with cash
(DBN)

Detroit Seeks to Pay UBS, BofA $230 Million to End Swaps
(DBN)

Detroit Bankruptcy Judge Questions Timing of Swaps Loan Request --- Who's in charge of approving loan deal? Bankruptcy judge demands answers
(DBN)

Bankruptcy lawyer: $350M loan 'best feasible' deal for city
(DBN)

Orr to give Duggan major role in Detroit operations
(DBN)

For Detroit, a Face-Lift at Ground Zero
(DBN)

What bled Detroit dry? (It's not pensions)
(DBN)

The warning from Detroit's bankruptcy
(DBN)

Spanish Developer Who Bought Detroit Ruin Predicts Urban Revival
(DBN)

While Detroit fights, Harrisburg folds
(DBN)

Desert Hot Springs to consider police union's proposal
(DBN)

Pennsylvania sells parking bonds to aid Harrisburg recovery plan
(DBN)

Rand Paul's Plan to Save the Cities
(DBN)

____________

Telecoms:

Centerbridge Walks Away From LightSquared
(DBN)

Ergen wins latest round of LightSquared battle
(DBN)

Nortel Networks resolves more than $3 billion in bankruptcy claims
(DBN)

Nortel to Pay $75 Million to Ex-Units Over Pension Claims
(DBN)

____________

Politics:

Obama's Current Approval Rating Is The Ugliest Since Nixon
(DBN)

____________

Tax:

Judge upholds Majestic Star tax refund ruling
(DBN)

____________

Health Care:

Court Expected to Confirm Physiotherapy Associates Restructuring Plan --- Physiotherapy Defeats Objections to Prepackaged Plan
(DBN)

Court Confirms Bankruptcy Emergence Plan for Rural/Metro
(DBN)

Lake Shore Health Care Center's Operator Officially Files for Bankruptcy
(DBN)

Hospital: Leadership still in hiding
(DBN)

Saint Francis debt: $50 million
(DBN)

ConnectCare files for bankruptcy
(DBN)

Acquisition faces many regulatory, court hurdles
(DBN)

U.S. hospital admissions weakest in a decade: Citi analyst
(DBN)

UT Medical Group, facing bankruptcy says it will appeal $33.5 million verdict
(DBN)

New Inequality: Health Care
(DBN)

____________

Mining:

Petaquilla Seeks Alternative Financing
(DBN)

____________

Fraud:

Madoff’s ‘Dumb’ Accountant Remark Won’t Be Heard by Jury
(DBN)

____________

Religion:

Portland: Secret files on accused priests will be released
(DBN)

Gallup Diocese should unseal abuse records
(DBN)

Stockton: Painful fall to insolvency
(DBN)

Poll: Americans' Belief in God Declining --- American Trust In Clergy Members Hits New Low
(DBN)

____________

Metals:

Ormet Starts Selloff
(DBN)

____________

Brokers:

Another payout coming for former PFG investors
(DBN)

Sentinel trustee wants Bank of NY Mellon to return $337 million --- BNY Must Return $337 Million, Sentinel Trustee Says
(DBN)

____________

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 (20 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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Professional Compensation:

Judge Says Greater Vigilance Needed With Bankruptcy Fees
(DBN)

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Unexpired Leases:

Leases: Is Rejection the Same as Termination and Who is the Tenant Anyway?
(DBN)

____________

Sales:

Objecting to 363 Sale Orders Free and Clear of Interests: Speak Promptly or Forever Hold Your Peace
(DBN)

____________

Cross-Border:

Second Circuit Ruling Appears to Limit Ability of U.S. Bankruptcy Courts to Assist Foreign Debtors
(DBN)

Second Circuit Adds Eligibility Requirement for Chapter 15 Cases
(DBN)

____________

Insurance:

Bankruptcy in Securities Class Actions: Case Outcomes, Individual Liability and Side A Protection
(DBN)

____________

Coal:

Patriot Coal says bankruptcy court OKs reorganization plan
(DBN)

____________

Banking:

Bank of Indiana Lawsuit Spotlights Negligent Oversight and Fraud
(DBN)

____________

Gambling:

Bankruptcy auction of Atlantic Club Casino Hotel opens --- Day 1 of AC casino auction ends without winner
(DBN)

____________

Corporate Reform:

Volcker Rule: Complex vs. Common Sense
(DBN)

General Counsel Gear Up to Follow Volcker Rule
(DBN)

SEC Collected Record $3.4bn in Fine for 2013
(DBN)

____________

Rail:

Hearing set for bankrupt railroad in Maine
(DBN)

____________

Oil/Gas:

Green Field Energy Services Announces Exploration of Sale Process
(DBN)

____________

Alternative Energy:

Fisker gets $2.7 M more Hybrid Tech operating cash
(DBN)

____________

Mass Torts:

BP sues lawyer and claims he 'fabricated' Gulf of Mexico victims
(DBN)

Ex-BP Engineer Spill Jury Says It Can’t Reach Verdict
(DBN)

____________

Aviation:

American Airlines to Pay Cantor $135 Million Over 9/11
(DBN)

____________

Bankruptcy Crimes:

Man Sentenced to Federal Prison for Bankruptcy Fraud
(DBN)

____________

UK:

Confiscation orders take only 26p in every £100 from criminals, NAO finds
(DBN)

UK: Born After 1960? Poorer Than Parents
(DBN)

UK unemployment falls faster than expected
(DBN)

____________

PIIGS:

Spanish Insolvency Act amendment offers comfort to parties in Sareb transactions
(DBN)

____________

Chile:

Pesca Chile creditor banks negotiate its sale
(DBN)

____________

Venezuela:

Moody's Downgrades Venezuela, Warns of Economic Collapse
(DBN)

____________

Brazil:

Batista’s Oil Company Pins Survival on New Offshore Field
(DBN)

____________

China:

Creditors’ Rights Clarified By Interpretation II of the Supreme People’s Court on Several Issues Concerning the Application of the Enterprise Bankruptcy Law of the People’s Republic of China
(DBN)

____________

Ukraine:

Ukraine avoided " bankruptcy " thanks to Russia deal: PM
(DBN)

____________

 

 

 

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