February 11, 2013

The Daily Bankruptcy News

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Law:

Dewey Retirees "Lay Down Arms" and End Fight With Firm's Estate
(DBN)

More Law Firm Mergers in 2013
(DBN)

How Did Biglaw Do in 2012? The Bankers Speak --- BigLaw 4.3% Profit Growth in 2013: Likely not sustainable, says Citi Private Bank
(DBN)

Bet-The-Company Lawyer Steps In Between Government, S&P
(DBN)

LPOs Stealing Deal Work from Law Firms
(DBN)

Jones Day, King & Spalding, Kirkland: Business of Law
(DBN)

Layoffs Coming to AmLaw 100 Law Firms
(DBN)

London partner recruitment by US law firms hits record levels --- US law firms grow City presence by 8% in face of tough market
(DBN)

How To Find Your Mentor
(DBN)

A 'Smarter' Business Development Model for the Legal Industry
(DBN)

You've Come a Long Way, Baby—NOT!
(DBN)

Want To Go In-House? Compliance May Be The Key
(DBN)

Norton Rose explores funding options for global expansion into new regions
(DBN)

Ashurst to restart paying partner distributions
(DBN)

Comic Maher Goes Ape Over Cooley-Repped Trump's Simian Sex Suit
(DBN)

At Paul Weiss, Both Revenues and Profits Hit Highs Again
(DBN)

Schulte Sees Profits, Gross Revenues Dip Slightly
(DBN)

Bilzin Sumberg continues considerable year-over-year growth
(DBN)

Jackson Walker's Numbers Up
(DBN)

Thompson & Knight Net Income Up
(DBN)

Carella Byrne Cuts Staff, Including Lawyers, as Part of Restructuring
(DBN)

Schutjer Bogar Nearing Collapse, Principals Say
(DBN)

Do the Best Lawyers have Excellent "Slow" Brains?
(DBN)

One Law School Dean Tells The Real Reason Nobody Wants A JD Anymore
(DBN)

The best law school in America to snag a date
(DBN)

Law School Disequilibrium
(DBN)

More Graduates Take School-Funded Jobs at One Top Law School
(DBN)

Two-year law school was a good idea in 1970, and it’s a good idea now, prof tells ABA task force
(DBN)

California Law School Claims Free Speech Right To Offer Poor Education And Be Accredited For It
(DBN)

Law School Transparency: Trust --- Myths of Sisyphus
(DBN)

Study Finds Aspiring Lawyers Tend to Be More Confident and Well Off
(DBN)

20 Signs That You Are A Psychopath - Common among lawyers and CEOs
(DBN)

Violinist driven to suicide by ordeal of trial after being branded a 'liar and fantasist' by woman lawyer
(DBN)

S.F. Public Law Library Looks for a Home
(DBN)

Trial halted after lawyer starts using iPad in court - “You did not seek leave of the court to use a device."
(DBN)

New Jersey lawyer expected to be first woman of color to lead the ABA
(DBN)

Mistrial: Victim's glass eye pops out in courtroom
(DBN)

Pair of attorneys face federal sanctions for lying to court
(DBN)

Lance Armstrong is sued for the return of $12 million in prize money
(DBN)

Man who swore at cop while carrying 25 bags of crack shouldn’t have been arrested, state court rules
(DBN)

Accused Felon Defends Self With Freestyle Rap In Court
(DBN)

Cop Lands Helicopter to Harass Woman Collecting Rocks
(DBN)

Woman fined for bedazzling her court-ordered ankle monitor
(DBN)

Couple Won't Face Charges for Adopting Deer
(DBN)

Report: Tiny 71-year-old woman shot during LAPD manhunt
(DBN)

Say What?!
(DBN)

______________

Judges:

Miami Teen From Viral Court Video Tells Judge She's Sorry
(DBN)

Getting Out Of Jury Duty Is Easier Than You Think
(DBN)

The chief justice’s mysterious meal
(DBN)

No retirement plans for Justice Ginsburg
(DBN)

Judge accused of having relationship with party in child-support case is suspended
(DBN)

Judge censured for comments he made to defendant sentenced to ‘rot in prison’
(DBN)

View From the Bench: Personal Experience and Objectivity
(DBN)

Court Hearing Interrupted By Massive F---
(DBN)

Judge Seeks Reinstatement After 'Kids for Cash' Corruption
(DBN)

______________

Wall Street:

US Stock Futures Rise; S&P 500 Contract Gains 0.2%
(DBN)

Stocks close higher; S&P 500 highest since Nov. `07
(DBN)

19 Embarrassing Emails, IMs, And Conversations That Wall Street Wishes Were Never Made Public
(DBN)

______________

Layoffs:

American Parents' Obsession With Status Is Keeping Kids Unemployed
(DBN)

Were the Luddites Right?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Stockton Marshall Plan recommendations presented
(DBN)

San Bernardino Middle Managers Seek to Sue Over Pensions
(DBN)

San Bernardino County lawsuit could bankrupt Upland, city manager says
(DBN)

Fresno joins the ranks of troubled California cities
(DBN)

CalPERS Files Status Report for the City of San Bernardino Bankruptcy Hearing
(DBN)

Emergency Manager For Detroit Imminent
(DBN)

S&P cuts Jefferson County Alabama underlying ratings
(DBN)

Why Municipal Pension Systems Are a Terrible Idea
(DBN)

Cash-strapped Harrisburg cleared to sell "Wild West" items
(DBN)

______________

Health Care:

Universal Health Care under scrutiny for years before regulators swept in
(DBN)

State moves to shut down St. Petersburg's Universal Health Care
(DBN)

Douglas hospital files bankruptcy reorganization
(DBN)

Hospice Bankruptcy : Is This An Alarming New Trend?
(DBN)

Medical debt slows housing recovery heart beat
(DBN)

______________

Pensions:

Bankrupt 38 Studios finally unfreezes former employee's 401(k)plans
(DBN)

______________

Autos:

AutoNation's chief warns of reckoning for autos, U.S. economy
(DBN)

Ally Sees Full U.S. Repayment by 2014 on Auto Lending --- Treasury in no rush to exit Ally Financial stake -source
(DBN)

______________

Finance:

CIT has explored possible sale - sources
(DBN)

Two-Thirds Of Commercial Loans Paid At Maturity In January
(DBN)

The Three Scariest Letters for Bondholders: L-B-O
(DBN)

Dell LBO Touches All the Legal Bases, but Are We Satisfied?
(DBN)

______________

Mail:

USPS Budget Problems: Don't Blame the Postman
(DBN)

______________

Golf:

Woodlake Golf Club back in Chapter 11
(DBN)

______________

Economy:

Democrats Spell Out Sequester Threat
(DBN)

Restored Payroll Tax Pinches Those Who Earn the Least
(DBN)

Political worries cap moves in euro, shares, oil
(DBN)

Small Business Owners Really Gloomy
(DBN)

Federal employees' union head: Obama pay raise proposal 'simply not enough'
(DBN)

Another Way to Look at National Debt
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

FHA fees too costly for some home buyers
(DBN)

Americans Are Tapping Their Homes For Cash Again
(DBN)

Subprime is Back: Will It End Badly Again?
(DBN)

CFPB's New Mortgage Rules: Right Battle, Wrong War
(DBN)

Florida court finds for bank in major foreclosure case
(DBN)

Adverse Possessor Dispossessed Adversely
(DBN)

___________

Celebs:

Second bank accuses Mary J. Blige of defaulting on loan
(DBN)

_____________

Corporate Reform:

Eric Schneiderman Is The Biggest Threat To S&P, Moody's And Fitch
(DBN)

Eric Holder's Unsteady Pursuit Of S&P
(DBN)

Ratings Agencies: Left in tatters
(DBN)

Rating Victims Didn’t Know S&P’s Toxic AAA Born of Greed
(DBN)

S&P Faces Widening Ratings Litigation as States Pile On
(DBN)

S&P Suit Imperils McGraw-Hill Profit Gain
(DBN)

S&P Granted Top Grades to Doomed Lehman CDO as Downgrades Rose
(DBN)

Standard & Poor's Case Will Give New Life to Old Anti-Fraud Law
(DBN)

Moody’s earnings skyrocket despite credit rating scrutiny
(DBN)

Who Should Run the CFPB if Cordray Leaves?
(DBN)

Appeals Court Hears Arguments on Judge Rakoff's Rejection of Citigroup Deal
(DBN)

SEC and Citigroup Challenge Rakoff's Rebuff of Settlement
(DBN)

SEC To Second Circuit: ‘Please Don’t Make Us Do Our Jobs!’
(DBN)

" Revolving door " may have hurt SEC money fund reforms: report
(DBN)

______________

Religion:

Creditors fire back in Archdiocese of Milwaukee's sex abuse bankruptcy
(DBN)

______________

Aviation:

US Airways pilots approve transition deal for prospective American Airlines merger
(DBN)

Reports: US Airways merger vote coming Monday --- AMR, US Airways Said Near Merger Deal as Boards to Vote
(DBN)

Source: AMR, US Airways delay meeting on merger --- AMR, US Airways Said to See Merger Talks Into Midweek
(DBN)

U.S. Likely to Clear Airline Deal
(DBN)

Winners and Losers in the US Airways-American Merger
(DBN)

AMR stock payout a long-odds gamble some investors are risking
(DBN)

Three Thumbs Down For American Airlines/US Airways Merger
(DBN)

Eagle Pilots File Court Objection to American-Republic Purchase Agreement - Avionics Intelligence
(DBN)

US Airways Pilots Approve Merger Contract in Win for Union President
(DBN)

US Airways CEO Nears AMR Prize to Cap Mergers He Spurred
(DBN)

Judge OKs bankruptcy reorganization plan for American West
(DBN)

Hawker Beechcraft lawyers charge more than $1.4 million for November
(DBN)

Sky King, carrier for Direct Air, fined --- Sky King Secures Financing
(DBN)

Team lucked out with lockout when air carrier went bankrupt
(DBN)

Swift Air bankruptcy sheds light on Nuggets menu
(DBN)

Delays With Dreamliners Deepen Nightmare For Boeing
(DBN)

______________

Telecoms:

Nortel Units Seek Showdown on $2.67 Billion Retiree Claim
(DBN)

______________

Fraud:

Bank Austria Loses Madoff Fund Case
(DBN)

Lawsuit: Bank aided $29.5 million Ponzi scheme in Palm Beach
(DBN)

Some Zeek Rewards affiliates refunded
(DBN)

Eddie Long's Church Warned in Advance of Million-Dollar Ponzi Scheme
(DBN)

______________

Hollywood:

Rhythm & Hues to file for Chapter 11: Several buyers reported interested --- Asia hit as Rhythm & Hues declares bankruptcy
(DBN)

______________

Alternative Energy:

Biofuel Scandal Pushes Trading Firm Into Bankruptcy
(DBN)

______________

Horse Racing:

Two sides sign off on track sale, await judge approval
(DBN)

______________

Student Debt:

Student loan debt could be the next economic bubble
(DBN)

Almost $1 Billion In Defaulted Perkins Loans Prompting Schools To Sue Former Students
(DBN)

Discharge Exception For Educational Loans Not Limited To Higher Education
(DBN)

Deadbeat doctors owe the government millions
(DBN)

______________

Debt Collection:

No Escaping $40 Million in Liabilities, Bankruptcy Judge Tells Debt-Collection Lawyer
(DBN)

______________

Media:

Union Asks Tribune to Pay Legal Fees
(DBN)

______________

Electricity:

TXU: The End is Near, Hires Bailout Bad Boys --- Energy Future Holdings hires restructuring advisors
(DBN)

_____________

Defaults:

Moody's announces slight drop in global corporate default rate
(DBN)

Default Rate Slips Back to 3.0% in January – Moody's
(DBN)

______________

Trucking:

YRC trucking operations were profitable in 2012, a first in six years
(DBN)

_____________

Environmental:

A Bankruptcy Case Littered with Environmental Issues
(DBN)

______________

Prisons:

With Fewer to Lock Up, Prisons Shut Doors
(DBN)

______________

Food/Beverage:

Former Marsh CFO sought out bankruptcy lawyers
(DBN)

Hostess seeks OK for bankruptcy auctions
(DBN)

______________

Television:

Charter to Buy Optimum West for $1.63 Billion
(DBN)

______________

Distressed Investing:

Defense cuts seen as opportunity for distressed investors
(DBN)

Multi-employer pensions an obstacle for distressed investors
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (50 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:

Bankruptcy filings decline in Oklahoma
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Exemptions:

AZ: Committee head seeks update to outdated bankruptcy exemption laws
(DBN)

______________

Bankruptcy Remorse:

Apologies for Bankruptcy
(DBN)

______________

Secured Debt:

Lender's Credit Bid of Entire Debt at Foreclosure Sale Results in Forfeiture of Rights to Additional Collateral
(DBN)

______________

Plan Confirmation:

Absolute Priority Rule Absolutism? Strict Interpretation of Bankruptcy Code Cramdown Provisions Nearly Causes Hawker Beechcraft Plan Confirmation to Skid Along the Runway
(DBN)

Continued Recession Not “Extraordinary Circumstance” Justifying Modification of Confirmed Chapter 11 Plan
(DBN)

______________

TBTF:

George Will: Break Up the Big Banks
(DBN)

______________

Guarantees:

Lenders: Beware of the "Two-Dollar Bankruptcy"
(DBN)

______________

Litigation:

Chancery Ends Experiment in Litigation Financing
(DBN)

How Not to Draft a Complaint.
(DBN)

______________

Insurance:

Ruling augurs well for MBIA in fight against Bank of America
(DBN)

Ruling Favors Monoline Insurers in MBS Litigation
(DBN)

PMI's mortgage insurance assets to be acquired
(DBN)

______________

Insurance:

Arch to Acquire Interests in California Firm From Bankrupt PMI
(DBN)

______________

Retailing:

Owners hope for Brodkey's rescue
(DBN)

Retailers post strong January sales
(DBN)

Working Conditions At An Amazon Warehouse
(DBN)

Can J.C. Penney be saved?
(DBN)

______________

Education:

Jacksonville ISD board approves purchase of Lon Morris buildings, acreage --- Jacksonville ISD gets bargain
(DBN)

Helena Christian School files for bankruptcy
(DBN)

Bankrupt private school sees influx of donations
(DBN)

______________

Banking:

Who Is The 'Rain Man?' The Man At The Center Of The Biggest Banking Scandal In The World
(DBN)

European banks shift assets from US
(DBN)

SNS wipe-out delivers wake-up call
(DBN)

SNS failure to test CDS auction process
(DBN)

FDIC cites 14 loans in lawsuit against former bank directors
(DBN)

$250K FDIC guarantee is for only one Fed ID#
(DBN)

______________

Tax:

IRS Struggling with Identity Theft and Taxes
(DBN)

______________

Brokers:

JPMorgan says MF Global plan obscures possible recoveries
(DBN)

IOSCO Seeks Tougher Asset Protection to Prevent MF Global Repeat
(DBN)

______________

Sovereigns:

Choose your own adventure, sovereign debt trial of the century edition
(DBN)

Hedge funds trade on ahead of Argentine debt showdown
(DBN)

______________

UK:

Britain battles Euro threat on insolvency
(DBN)

A&L Goodbody cements restructuring reputation with IBRC instruction
(DBN)

Ex-Ibrox chief Craig Whyte’s castle under siege
(DBN)

Britain's Super-Rich Just Keep Getting Richer
(DBN)

Landlords of Game go to Court over treatment of rent on administration
(DBN)

Aspects of cross-border insolvency under English law
(DBN)

900 jobs to go with HMV store closures
(DBN)

DWF hails "latest milestone" with Cobbetts deal --- Walker Morris takes Cobbetts team as details of DWF pre-pack deal emerge
(DBN)

Cattles launches legal battle against former auditor PwC
(DBN)

SFA legal move could bankrupt former Rangers owner
(DBN)

______________

PIIGS:

Spanish yields dip but rebound fragile --- Spain says banks CEISS, Banco Gallego in negative equity
(DBN)

Greek Farmers Reject Samaras Concessions --- Half of Greeks Can’t Pay Bills --- Greece Offers Breaks To Tax Debtors --- Simitis Says Greece Needs New Debt Cut --- Plato's olive tree uprooted in Athens, likely burned for firewood
(DBN)

Thousands protest over bank debt burden in Republic of Ireland
(DBN)

______________

Canada:

Nortel, U.K. retirees headed to court
(DBN)

Indalex: DIP Lenders Smile, ABLs Frown and Directors are Perplexed
(DBN)

Indalex Decision: Insolvency Law v. Pension Law, Round Three
(DBN)

______________

Hong Kong:

Poor rent cages for housing
(DBN)

______________

Asia:

We can work it out - Asia’S Restructuring Industry is facing a problem
(DBN)

______________

MENA:

Bahrain's Bankrupt Arcapita plans reorganization
(DBN)

______________

Vietnam:

Vietnam steps in for Vinashin restructuring
(DBN)

______________

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Copyright 2013