February 19, 2013

The Daily Bankruptcy News

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Law:

Several Former Partners Ask Judge to Reject Dewey's Bankruptcy Plan
(DBN)

To Practice Law, Apprentice First
(DBN)

CA: Revenue Growth Modest at Many Firms, But Profits Surge, Partner Ranks Shrink
(DBN)

Gibson Dunn Hits New High in Profits
(DBN)

Jackson Lewis's Growth Slows
(DBN)

Big Law's 2012 Performance: Numbers and Nuance
(DBN)

Kirkland, King & Spalding, K&L Gates,S&C: Business of Law
(DBN)

Munger, Kirkland, Davis Polk, Latham, Weil: Business of Law
(DBN)

Appellate Lawyer of the Week: Ruling the Roost
(DBN)

From Stay-at-Home Moms to Back-to-Work Lawyers
(DBN)

Lawyer who left office at 6.30am after all-nighter 'criticized for going early'
(DBN)

Saving Space: Law Firms Look to Minimize, Restructure Real Estate
(DBN)

Lawyer's Lies About Work Experience, Age to Win British Job Earn Conviction in New York
(DBN)

Lawyer who faked past guilty of conspiracy and forgery
(DBN)

Five Truths Bankruptcy Lawyers Didn't Learn in School
(DBN)

The Mindset of a Lawyer with ‘Work-Life Balance’
(DBN)

Paralegal Jobs Are Vanishing According to New AP Analysis
(DBN)

Is a Twitter Handle a 'Must-Have' for Today's Lawyer? Not Yet
(DBN)

Get Social: Lawyers Effectively Use Social Media to Boost Business
(DBN)

Time For Law Schools To Be More Like Med Schools?
(DBN)

Law schools' goal should be 'client ready'
(DBN)

Don't Worry About The Job Market, Go To Law School To Find Love
(DBN)

Law Students Do The Harlem Shake In Library
(DBN)

Law School Transparency: The business of the academy --- Transparency redux
(DBN)

Professor Says There's One Reason Yale Law Beats Harvard In US News Rankings
(DBN)

Library Catch 22: Facing Cutbacks and Shutdowns While Demand Is Way Up
(DBN)

18 Ways Your Office Job Is Destroying Your Body
(DBN)

23 Laws The US Should Adopt From Around The World
(DBN)

20 Traits Of A Narcissist
(DBN)

Police under investigation over dog witness statement... Signed with paw print
(DBN)

Oscar Pistorius Has Put Together A Crack Team Of Lawyers --- Girlfriend 'shot four times through bathroom door' --- Report: Steroids Found In The Home Of Oscar Pistorius --- Oscar Pistorius 'carried dying Reeva Steenkamp downstairs and tried to resuscitate her'
(DBN)

Woman bites boyfriend after Valentine's spat
(DBN)

Thieves Snatch $2 Million in Jewelry from Four Seasons Hotel
(DBN)

Man exonerated of murder can pursue $150 mln lawsuit vs N.Y.C.
(DBN)

Alec fast & slur-ious
(DBN)

Court still collects child-support from father 25 years after son dies
(DBN)

Elderly couple pulled over after police mistake college decal for marijuana leaf
(DBN)

Cops: Man Tased Outside Target Trying To Steal Justin Bieber Valentines
(DBN)

Policeman in obscenity-tainted tirade threatens citizen with death at the hands of alligators
(DBN)

Dead lawyer to go on trial
(DBN)

Instead Of Buying Your Engagement Ring At Costco, Why Don’t You Just Give Her A Lump Of Coal And Tell Her To Sit On It?
(DBN)

A Rose By Any Other Name… Will Still Want Alimony
(DBN)

Therapist explains why some lawyers are bad in bed
(DBN)

Seniors' Bingo Game Turns Violent
(DBN)

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Judges:

Judge Describes Violence That Led to Judge Choking
(DBN)

Former Judge’s bribery conviction affirmed
(DBN)

New D.C. Circuit Chief Judge Dreading the Sequester
(DBN)

Supreme Court Clerk Hiring Watch: Sparkle Bright Like A Diamond
(DBN)

The quandary of courthouse security
(DBN)

Reprimand For Former Judge Who Signed But Did Not Read Orders
(DBN)

As More Courts Allow Video, Justices Dig In Heels
(DBN)

The question of Clarence Thomas
(DBN)

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Wall Street:

Stock futures edge higher as sequester looms
(DBN)

Volatility Falls Most Since 1930s as Stock Funds Gain
(DBN)

Wall Street Bonuses Were Crushed Last Year
(DBN)

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Layoffs:

You're Not the Only One Who Feels Overqualified for Your Job
(DBN)

More Layoffs Coming in Financial Markets
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Private Equity:

Creditors target former TPG affiliates
(DBN)

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Aviation:

New American Is Next Chapter In Industry Consolidation
(DBN)

US Airways/American merger could demote some hubs
(DBN)

AMR chief gets big sendoff
(DBN)

American Airlines bankruptcy , merger deals were complex, expensive
(DBN)

American Airlines’ CEO: US Airways merger talks involved ‘a little poker’
(DBN)

Conversation with Tom Horton and Doug Parker about executive compensation and severance packages
(DBN)

Goodbye, AMR – You’re headed for the boneyard
(DBN)

US Airways, American merger started with phone call
(DBN)

The matchmakers behind the AMR-US Airways marriage
(DBN)

Wait-and-See Mode Arrives as Airline Mega-Merger Takes Shape
(DBN)

Airline merger caps consolidation flight for U.S. carriers
(DBN)

The APFA updates American Airlines flight attendants over the weekend
(DBN)

American Airlines, US Airways lay out the employment numbers
(DBN)

Wave that union flag over American Airlines-US Airways merger
(DBN)

Another delay in court case for former co-owner of defunct Pace Airlines
(DBN)

Checks for former Pace Airlines employees on the way
(DBN)

Braniff, TWA among dozens of bygone carriers
(DBN)

Orbest Airlines's Bankruptcy Protection Filling Will Not Affect Travelers
(DBN)

Man accused of slapping crying boy on Delta flight is out of a job
(DBN)

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Retailing:

The Era Of Giant Chain Stores Is Over
(DBN)

Companies Exposed To Wal-Mart
(DBN)

OfficeMax, Office Depot said to be close to merger
(DBN)

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Telecoms:

LightSquared lines up deal with lenders in bankruptcy case
(DBN)

Powerwave Technologies unsecured creditors committee appointed
(DBN)

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Mass Torts:

San Francisco Trial Court Is First California Court To Adopt The Wallace & Gale Approach To Asbestos Operations Claims
(DBN)

In $100 Million Disbursement, Lawyer Taps 9/11 Special Master
(DBN)

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Bonds:

Junior bondholders shaken but wider debt repricing unlikely
(DBN)

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Money Management:

For money manager, a hard fall from a lofty perch
(DBN)

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Electricity:

Bankruptcy advisers circle a still solvent Energy Future
(DBN)

Plan filed to save bankrupt power co-op --- Officials question plan for bankrupt co-op
(DBN)

______________

Autos:

GM Profit Sharing Checks: $6,750
(DBN)

European Car Sales Had Their Worst January Since 1990
(DBN)

VW Chief to Take 20% Pay Cut
(DBN)

______________

Economy:

Automatic cuts are getting a big yawn from Washington --- DC's Weird Idea of Cuts --- Sequester Alarmists Forget They Are Public Servants --- The Nightmare of Sequestration Hits Home --- No-work Congress: Lawmakers leave for recess --- The Actual Cost Of Stopping The Sequester Will Shock You --- AG, FBI Warns Against Sequester Cuts
(DBN)

Consumer Sentiment Jumps in Early February
(DBN)

The Real Reason the Economy is Broken
(DBN)

Tax-Dodging: It's A $20 Trillion Global Industry And It Starts Right Here
(DBN)

Gas Prices Are On A Tear, And Analysts Are Puzzled
(DBN)

Here's How Much Money US Banks Really Lost During The Crisis
(DBN)

How Long It Takes To Become A Millionaire In Different Countries
(DBN)

Financial Decline Ahead for Most Retirees
(DBN)

Don't Blink, or You'll Miss Another Bailout
(DBN)

The Truth About US Food Stamp Usage
(DBN)

GAO report: Financial crisis cost $22 trillion
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Firms Wade Through Corporate Bankruptcies
(DBN)

Wells Fargo's $5B Deal Didn't Clear It Entirely
(DBN)

Underwater Homes Remain a Dark Spot in the Recovery
(DBN)

Fight over MBS Trustee Liability Heads to the Second Circuit
(DBN)

The Cities With The Highest Foreclosure Rates In America
(DBN)

Foreclosure 'helpers' profit at owners' expense
(DBN)

An NYC Doorman Tells What Makes A Nightmare Tenant
(DBN)

When housing bubble burst, some developers left streets in rough shape
(DBN)

Rosengren: Housing recovery dependant on Fed intervention
(DBN)

Large institutional investors emerge in REO-to-rental market
(DBN)

Road ahead for home prices remains uncertain
(DBN)

California falling foreclosures may be a mirage in the desert
(DBN)

____________

M&A:

We Know M&A's Back—But Where's It Going?
(DBN)

______________

Magazines:

Publisher behind iconic Reader's Digest takes a second trip through bankruptcy
(DBN)

Reader’s Digest Brand is Key to Strategy in Bankruptcy
(DBN)

______________

Politics:

Senator Elizabeth Warren grills regulators, videos go viral
(DBN)

DC's quest to silence Elizabeth Warren
(DBN)

Elizabeth Warren discovers the policy of financial failure containment
(DBN)

Pro-tax senator in arrears on taxes for DC mansion
(DBN)

______________

Religion:

Bankrupt Churches
(DBN)

______________

Corporate Reform:

Well Done, Washington!
(DBN)

Reed, Brown, Warren Demand an Up or Down Vote on CFPB Director
(DBN)

Too Big to Regulate? The Warren Debut
(DBN)

Wall Street Blocked Elizabeth Warren From Her Consumer Protection Board And This Is What They Got
(DBN)

Republicans attempt to thwart consumer protection from credit bureaus
(DBN)

Largest Corporate Fines and Settlements
(DBN)

The Myth of Deregulation's Consumer Benefits
(DBN)

______________

Health Care:

Liberty Medical Files for Chapter 11 Bankruptcy
(DBN)

Circle Family Healthcare Network files for bankruptcy
(DBN)

2 Hospitals Receive Credit Downgrades in Past Month
(DBN)

Highmark's Affiliations With West Penn, Jefferson Regional Receive County Approval
(DBN)

As 'Obamacare' exchange deadline passes, 26 states opt in with feds
(DBN)

Administration quietly winds down program for 'uninsurables'
(DBN)

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Fraud:

Valentine's Day Surprise for Madoff Victims as Trustee Seeks to Make Third Interim Distribution
(DBN)

Stanford Investors Sue Antigua, Caribbean Central Bank
(DBN)

CEO in fraud case needs more than 7 days prison-court
(DBN)

NCAA acknowledges 'missteps' in Miami case --- Emmert: NCAA ‘failed our membership’ with Miami tactics --- Some information in NCAA's Miami case expunged --- Report: NCAA's chief rules enforcer fired for breaking rules
(DBN)

Florida hit by 'tsunami' of tax identity fraud
(DBN)

TX: 3 Guilty Pleas in $485 Million Ponzi Scam
(DBN)

______________

Celebs:

The Broke and the Beautiful: Love Actually Edition
(DBN)

Ex-billionaire seeks mediation with legal foes
(DBN)

Lawyer: Casey Anthony bankruptcy belongs in Orlando
(DBN)

Curt Schilling's bloody sock auction: Do I hear $100,000?
(DBN)

Bankrupt former Arkansas coach John L. Smith accused of defrauding creditors
(DBN)

______________

Golf:

Trustee to oversee Woodcrest bankruptcy
(DBN)

______________

Auto Racing:

Defunct F1 team HRT sells cars to scrap dealer
(DBN)

______________

Paper:

12 years later, Shasta Paper Co. bankruptcy case about to end
(DBN)

______________

Food/Beverage:

Campbell's chief hints at gains from Hostess bankruptcy
(DBN)

______________

Hollywood:

Rhythm & Hues gets $17 mil loan from Universal, Fox
(DBN)

Fired Rhythm & Hues Workers Sue Over Terminations Without Notice
(DBN)

'Life of Pi' Director Ang Lee Calls Rhythm & Hues Bankruptcy 'Very Sad'
(DBN)

______________

Student Debt:

Iowa Governor Proposes Medical School Debt Forgiveness
(DBN)

Deadbeat Docs: Woman owes nearly 400K in med school loans
(DBN)

NFL QB Takes Out Loans Like Uninformed Law Students
(DBN)

______________

Fashion:

Bettina Liano shuts up shop to try US
(DBN)

______________

Credit Reporting:

Consumers need better way to fix credit reporting errors
(DBN)

______________

Alternative Energy:

Hundreds of thousands of solar panels 'a fire risk'
(DBN)

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Newspapers:

$122 million bid received for Journal Register Company
(DBN)

______________

Equipment Rental:

Parties vie for control of 60-year-old Ahern Rentals Inc.
(DBN)

______________

Agriculture:

Anderson Seed insolvency case hits one-year mark
(DBN)

______________

Corporate Governance:

Appointment of Receiver or Custodian for Insolvent Company
(DBN)

Big Banks Flunk Corporate Governance 101
(DBN)

______________

Resorts:

Tim Blixseth seeks mediation in Yellowstone Club lawsuits
(DBN)

______________

Hotels:

Hotel Loan Taints Post-Crisis CMBS
(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 (104 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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:

Bankruptcies down across mid-Hudson
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Psychology:

Do Apologies Matter in Bankruptcy?
(DBN)

______________

Plan Confirmation:

"New Value" Plans Require Competitive Bidding, Says 7th Circuit
(DBN)

Chief Judge Easterbrook Writes That Free Market Competition Trumps Equity's Attempted Free Lunch Under the New Value Exception to the Absolute Priority Rule

A Hail Mary or Bad Faith Filing? Why Assignment of Insider Claims to Non-Insider Parties Cannot Be Used to Confirm a Cramdown Plan
(DBN)

______________

Professional Employment:

USTP Announces Proposed Settlement with Law Firm , Financial Adviser
(DBN)

Kaye Scholer Settles with U.S. Trustee in Bankruptcy Case
(DBN)

______________

Claims Trading:

Read the Fine Print Before You Sell Your Bankruptcy Claim
(DBN)

______________

Jurisdiction:

Requirements for Claim-Reservation Provisions Growing Clearer
(DBN)

Jurisdictional Mix-and-Match: Vitro, Elpida and Fairfield Demonstrate the Uncertainties of Cross-Border Bankruptcy for US Bondholders and Buyers
(DBN)

______________

Trustees:

Bloggers Rally to Defense of Defamation Defendant Who Criticized Bankruptcy Trustee
(DBN)

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Recent Pleadings:

 

______________

Personal Finance:

The Extreme Plan One Mother Used To Erase $89,000 Of Debt In Six Months
(DBN)

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Asset Protection:

Accessing Funds in Asset-Protection Entities
(DBN)

______________

Municipalities:

Chapter 9: Where Are They Now?
(DBN)

Copper Thieves Darken Detroit Freeways
(DBN)

Detroit: Of course they don't like the idea of an EM --- The good and the bad news about an emergency manager for Detroit --- Governor to get city's financial review report Tuesday --- Governor Considering Short List For Possible Job --- Detroit emergency manager may be hard to find --- Experts foresee financial takeover of Detroit --- A look at New York’s 1970s turnaround paints bleak picture of what could be ahead for Detroit
(DBN)

Forget the big comeback; Detroit focuses on what can be saved --- Detroit's efforts too little, too late
(DBN)

Telford: Bring the feds into Detroit schools
(DBN)

National expert: 'A magician' needed to fill Gov. Rick Snyder's Detroit emergency financial manager job
(DBN)

City can bounce back like GM from bankruptcy
(DBN)

Flint Mayor Dayne Walling charting path out of emergency manager control in State of the City
(DBN)

San Bernardino must trim pay, benefit costs
(DBN)

New city manager makes fresh start --- City charter is ripe for reform
(DBN)

San Bernardino City Council to accept city manager contract
(DBN)

Jeffco commissioners make deal with one creditor
(DBN)

On the Brink of Insolvency : A Roadmap to Turning a City Around
(DBN)

Bankrupting Us: Government Pensions
(DBN)

______________

Credit Cards:

Former Goldman Banker: You Should Know The Ugly Math Behind Your Credit Card Debt
(DBN)

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Banking:

Regulators Shutter Chicago-Based Bank --- 3rd to fail in US in 2013
(DBN)

FDIC: Failed Bank and Failed Bank Litigation Update
(DBN)

Hoenig Is Right: Exams Should Home In on Big Banks
(DBN)

Don't Buy Bank Stocks Until You Read This
(DBN)

How HSBC Bank Got Away with Murder
(DBN)

______________

Sovereigns:

Singer Upends Bonds as Default Endgame Nears in Argentina
(DBN)

______________

UK:

Muslim Preacher Tells Followers Getting Welfare Cash For Holy Wars Is Easy And Right
(DBN)

Shoosmiths insolvency specialist helps save jobs at online footwear retailer Cloggs
(DBN)

JPMorgan Whale Wanted For Lehman Questioning
(DBN)

Cameron: Avoidance as bad as evasion
(DBN)

HMRC should “name and shame” tax avoiders, says Hodge
(DBN)

PKF administrators see Pompey court date pushed back again
(DBN)

Cosalt appoints administrators
(DBN)

The countryside in crisis
(DBN)

Cattles group FD stripped of licence at tribunal
(DBN)

Britain's PM Cameron says wants RBS to speed restructuring
(DBN)

Wragges leads as Morrisons secures Blockbuster administration store deal
(DBN)

Arthur Cox leads on Anglo Irish Bank liquidation
(DBN)

______________

PIIGS:

The New Spanish Debt Stats Will Give You Chills --- A Vast Political Espionage Scandal Is Unfolding In Spain --- Spanish Non-Performing Loans Decline Sharply After Transfers to Bad Bank --- Spanish property firm Reyal Urbis files for insolvency
(DBN)

Greece May Get Cruel Reward for Its Success --- The sell-offs that are key to plan's success --- Desperate landlords seeking way out --- Number of Greeks registered as unemployed rose 4pct to 1.02mln in January --- Troika due back in Athens on February 25 to check on Greek progress
(DBN)

______________

Canada:

NERA Releases 2012 Canadian Securities Class Action Update
(DBN)

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Netherlands:

Dutch Partnership Agreements - Bankruptcy Clause
(DBN)

______________

Cyprus:

Troika studies fallout of Cyprus bankruptcy
(DBN)

Cyprus in crucial vote as nation nears bankruptcy
(DBN)

ECB: Cyprus aid only with anti-money-laundering control
(DBN)

______________

Lithuania:

Nordic Banks Deny Interest in Lithuania's Insolvent Ukio
(DBN)

Lithuania to Seek Sale of Seized Ukio Bankas Within a Week
(DBN)

______________

Vatican:

Leaked papers depict broken Vatican --- All the Pope's Secrets Starting to Leak Out
(DBN)

Pope Benedict Was No Match For VatiLeaks
(DBN)

Bankruptcy, the mafia, suicide and murder - the dark history of the Vatican bank
(DBN)

Pope asks cardinal to lead financially troubled religious order
(DBN)

Vatican's New Banker Tied to Warships
(DBN)

The Bitter Struggle for Control of the Catholic Church
(DBN)

______________

Indonesia:

Curators to bargain on fees in Telkomsel bankruptcy case
(DBN)

______________

Australia:

Liquidators and unsecured creditors beware: interim distribution of employee entitlements may mean later preference recoveries belong to a secured creditor
(DBN)

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