February 26, 2013

The Daily Bankruptcy News

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Law:

Dewey Bankruptcy Advisers Poised to Clear Critical Hurdle
(DBN)

Mayer Brown revenue slumps to 6-year low of $1.09B, average partner profit down to $1.15M
(DBN)

Partner pay cuts, practice diversification helped law firm bounce back from the recession
(DBN)

Once Again, Skadden Tops List of Best-Known U.S. Law Firm Brands
(DBN)

Most firms unprepared for the challenges ahead
(DBN)

Legal marketplace undergoes radical transformation
(DBN)

Profits per Partner Down at Baker Botts
(DBN)

Kirkland Makes Solid Gains in Revenue, Profits
(DBN)

Reed Smith's global revenues inch up 2 per cent to top $1bn
(DBN)

Allen & Overy sends London partner to head US practice
(DBN)

Magic circle revenue growth falters in face of spiralling costs
(DBN)

Leon R. Barson Joins Blank Rome’s Business Restructuring & Bankruptcy Group
(DBN)

Moving Offices
(DBN)

On Blabbing
(DBN)

Fulbright’s 9th Annual Litigation Trends Survey: Litigation Bounces Back; Regulation Hits High; GCs Like Fixed fees, But AFs On Decline
(DBN)

Art Scandal Sparks New Wave of Cases, More Work for Boies Schiller
(DBN)

Cadwalader goes external for new deputy chairman with JP Morgan hire
(DBN)

Fox Rothschild, Wachtell Lipton: Business of Law
(DBN)

Legal Project Management 2.0
(DBN)

Measuring Legal Marketing Results: How Firms Miss the Boat
(DBN)

New York Courts Split on Jewel Unfinished Business Claims
(DBN)

Best Law Schools for Getting a Biglaw Job (2013)--- A New Ranking Lists Law Schools Whose Grads Actually Get Jobs At Big Firms
(DBN)

Mouthy, Gun-Toting Law Student Talks Back To Police Officer, Doesn’t Get Shot 51 Times
(DBN)

Law School Transparency: This is not my beautiful house
(DBN)

How To Oust The Dean Of Your Law School
(DBN)

In Defense of Law School: It’s Not the Only Alleged Culprit in Higher Education
(DBN)

The Benefits of Going Green at Your Law Firm
(DBN)

Law Firms Taking Baby Steps Toward Outsourcing of Nonlegal Services
(DBN)

Hashtags: How and why you should use them - #bankruptcy
(DBN)

13-year-old girl charged with stabbing boy over bag of potato chips
(DBN)

Oscar Pistorius' Aunt Is One Of South Africa's Top Murder Experts
(DBN)

The Justice Department Says The South Can't Be Trusted Not To Be Racist --- A Landmark Civil Rights Law Helped Republicans Take Over The South
(DBN)

Client drug dealer tells jury he and lawyer worked on witness hit list and laundering of bail money
(DBN)

Bombshell tape found during cop-murder trial sparks plea deal, but both defendants balk
(DBN)

Police deem lawyer’s accidental lockup an ‘unfortunate incident’
(DBN)

Police Arrest a Citizen For Filming Them In Public
(DBN)

Lawyers weigh possible legal fallout of Daytona crash
(DBN)

No Damages for Embarrassment of Owning Three-Legged Dog
(DBN)

No Way to Treat a Child, Mom Tells Dentist
(DBN)

This Will Gross You Out
(DBN)

Wait, So You Didn't Want The Deluxe Exorcism Package?
(DBN)

Firefighters Save Woman From A Meat Cleaver Attack On The Streets Of Chinatown
(DBN)

Say What?!
(DBN)

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Judges:

Sotomayor: Prosecutor remark tapped ‘deep and sorry vein of racial prejudice’
(DBN)

Judge completes anger management; did it help?
(DBN)

Attorney, judge accused of having sex with client at prison
(DBN)

No life tenure for Supreme Court justices
(DBN)

U.S. Courts, Agencies Brace for Sequestration
(DBN)

Hot Button Work-From-Home Reform Issue Set for Debate in CA Judicial Council - One Employee Worked From Switzerland
(DBN)

NJ's highest court to hear 'joking judge' appeal
(DBN)

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Wall Street:

Stock index futures point to small rebound
(DBN)

Wall St trips and falls on cloudy Italian election
(DBN)

Stocks plunge as Italy appears headed for gridlock
(DBN)

Brokers Allegedly Guzzle Red Bull And Stand For 14 Hours At This Under Investigation Firm
(DBN)

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Layoffs:

No, Marissa Mayer Doesn't Hate Your Children --- As Yahoo ends telecommuting, others say it has benefits
(DBN)

Those Over 50 Are the New Unemployables
(DBN)

Goldman Sachs Plans More Job Cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

For Penney's Boss, Shine Is Off the Apple
(DBN)

It's Personal: Macy's Execs Are Disgusted By Martha Stewart
(DBN)

JCPenney COO: 'I Hated The JCPenney Culture, It Was Pathetic'
(DBN)

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Photography:

Hopeful of emerging out of bankruptcy 2013 end: Kodak
(DBN)

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Hollywood:

Rhythm & Hues Victorious at Oscars Despite Bankruptcy
(DBN)

Visual effects workers miffed after Oscar speech cut-off
(DBN)

Japan's Prenom H files for bankruptcy --- Bankrupted by China-Japan Island Dispute Fallout
(DBN)

Kodak footage grabs Oscars
(DBN)

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Gambling:

Revel's creditors include banks, investment funds: report
(DBN)

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Fuel:

Jump Oil files for bankruptcy
(DBN)

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Hotels:

Bankruptcy Judge Approves Sale of Grand Wailea
(DBN)

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Oil/Gas:

ATP nets final court approval of hotly contested DIP amendment
(DBN)

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Economy:

Most economists see 'sequestration' budget cuts as unavoidable --- Warren: 'Sequester Is About Hurting People' --- The stupid sequester -- and you --- A Sequester No One Wants --- Boehner on sequester: 'Mr. President, you got your tax increase' --- White House steps up campaign to avoid spending cuts --- Sequester : Financial aid, job placement could get cut
(DBN)

Bernanke will likely be pressed on Fed bond buying --- Bernanke to face Fed critics in testimony to Congress
(DBN)

Economists Predict Moderate Growth for 2013
(DBN)

Why Are Taxpayers Giving Big Banks $83 Billion a Year?
(DBN)

Economist: Why the Middle Class is Declining
(DBN)

New Front in Budget Battle
(DBN)

UBS: The Big Newspaper Headlines About The Sequester Are Wrong
(DBN)

Corporate earnings growth continues to slow in 4Q, to post-recession low
(DBN)

Average Americans Feel Pain of US Debt
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing caught in the wake of sequester debates
(DBN)

U.S. banks on track to meet financial obligations under 2012 mortgage abuse settlement --- Banks allocate relief funds to short sales, home equity loan forgiveness
(DBN)

Survey: Single-Family Renters More Likely to Stay Longer
(DBN)

Appeals Court Sides with MERS in Mortgage Assignment Case
(DBN)

California Man's Foreclosure Scam Targeted Tarp Banks: Prosecutors
(DBN)

Bipartisan housing commission wants GSE dominance erased --- Blueprint calls for shifting housing finance to the private sector
(DBN)

NABE: Economic uncertainties remain, with one exception
(DBN)

Rocky Mount construction company files for bankruptcy
(DBN)

Lehman Sued by Shareholders Over Archstone Asset Sale
(DBN)

___________

Religion:

Britain's top cardinal resigns over allegations 'he behaved inappropriately with priests'
(DBN)

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Health Care:

HealthBridge Files For Bankruptcy Protection --- Puts Five Medical Centers in Bankruptcy --- Owner of Westport nursing home, after union battle, files for bankruptcy
(DBN)

Labor Costs Killing Nursing Homes
(DBN)

NCR-Sponsored CCRC Emerges from Bankruptcy With $52 Million Bond Sale
(DBN)

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Celebs:

Kronk joins Gonzalez motion to relocate Casey Anthony's bankruptcy
(DBN)

Bankruptcy hearing for Casey Anthony Tuesday --- Anthony lawyer requests delay in hearing
(DBN)

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Municipalities:

Key test looms for Stockton, California, bankruptcy bid
(DBN)

Trial seen as likely next step in Stockton bankruptcy
(DBN)

Detroit Better Off With Manager Than Bankruptcy , Dillon Says
(DBN)

Is Detroit gearing up for a "managed bankruptcy ?"
(DBN)

Detroit mayoral candidate Mike Duggan says city needs turnaround expert
(DBN)

Stockton, California Went Broke As Quarter Of Workers Earned More Than $100,000
(DBN)

Woonsocket retirees warned pension fund will run out of cash in 10 years
(DBN)

Could Bankruptcy Be An Option for Hamden?
(DBN)

Broke Cities
(DBN)

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Food/Beverage:

Twinkies, Ho-Ho’s New Home: Apollo, Metropoulos team for Hostess cakes biz, launching Wednesday
(DBN)

Hostess Union Says Flowers Offers No Assurance for Workers
(DBN)

Hialeah sugar firm Banah files for bankruptcy
(DBN)

The Best Meatballs In New York City
(DBN)

The Best Burgers In 25 Cities Across America
(DBN)

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Resorts:

Judge Confirms Sale of Paulson-Owned Resorts to Singapore
(DBN)

Still no deal in Stablewood bankruptcy
(DBN)

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Corporate Governance:

Union pension adviser says will oppose two HP directors
(DBN)

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Religion:

OneUnited asks judge to disallow Charles Street AME Church’s bankruptcy proposal, citing use of restricted funds to finance operations
(DBN)

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Bankruptcy Crimes:

Montara Man Indicted in San Francisco for Lying in Bankruptcy Case
(DBN)

Bankruptcy fraud sentence levied
(DBN)

Daphne woman gets prison time in 'bust-out' bankruptcy scheme
(DBN)

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Electricity:

Energy Future Holdings Faces Bankruptcy
(DBN)

SME reorganization plan short on facts
(DBN)

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Politics:

Elizabeth Warren Is the Opposite of Hillary Clinton
(DBN)

Ted Cruz’s rising star
(DBN)

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Credit Cards:

Thirteen states introduce measures to block credit card “checkout fees”
(DBN)

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Coal:

UMWA Members Head to St. Louis for Third Patriot Protest
(DBN)

Patriot plans to cut benefits of up to 1000 non union retirees
(DBN)

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Consumer Finance:

Pawnbroking: The Hot New (Ancient)Credit Market
(DBN)

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Metals:

Ormet Corporation Reaches Agreement on Debt Restructuring and Sale
(DBN)

Ormet Owes More Than $1 Million for Pensions
(DBN)

______________

Autos:

Sanford car dealership goes bankrupt
(DBN)

US Selling GM Shares on Open Market
(DBN)

GM Said to Request $11.1 Million Pay for CEO This Year
(DBN)

US Vehicle Miles Driven Hits New Low
(DBN)

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Tech:

Micron a Step Away from Elpida Buy
(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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

Highlights from the 2013 Wharton Restructuring and Distressed Investing Conference
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Liquidation Authority and the Bankruptcy Clause
(DBN)

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Plan Confirmation:

Bankruptcy Court Upholds Post-Petition Plan Support Agreement
(DBN)

Seventh Circuit Reaffirms Absolute-Priority Rule
(DBN)

Small Businesses Can’t Use Insider to Skirt Absolute Priority Rule During Reorganization
(DBN)

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Claims Trading:

Goldman Sachs Traders Buy Hundreds of Millions in Lehman Claims
(DBN)

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Exemptions:

Bill Would Protect Guns in Bankruptcy
(DBN)

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Confidentiality:

MNPI and NDAs: The Alphabet Soup of Getting Restricted
(DBN)

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Discharge:

Liberal Test Applied to Impose Fee Award for Creditor’s Unsuccessful Discharge Objection
(DBN)

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Recent Pleadings:

UST Slams Thornburg Ch. 11 Trustee's Effort To Seal Settlement
(DBN)

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Litigation:

Litigation Trends Survey Predicts a Bumpy Ride in 2013
(DBN)

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Insurance:

D&O Rates Rising for Small-and-Midcap Businesses
(DBN)

______________

Banking:

Rabobank Faces Libor-Rigging Fine of $440 Million Plus
(DBN)

______________

Alternative Energy:

Investors abandon solar for more profitable technology
(DBN)

Colorado orders Abound Solar to clean up hazardous waste
(DBN)

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Aviation:

American's Goulet, US Air's Kirby to lead merger integration
(DBN)

Q&A: American Airlines won’t merge its new regional airlines after the US Airways merger --- American Airlines answers other questions about what the merger with US Airways means for American
(DBN)

Beechcraft Sheds Hawker, Moves To Bolster Own Models
(DBN)

Alitalia at edge of bankruptcy , CEO resigns
(DBN)

Why You Have To Take Your Shoes Off At The Airport
(DBN)

_____________

Mass Torts:

BP Gets its Day in Court --- Billions of dollars at stake for BP, other companies --- Judge warns of 'lengthy trial' --- BP execs should answer for Gulf of Mexico spill: lawyer --- Up to $17 Billion in Penalties --- US seeks maximum fine in BP spill trial --- US: BP Ignored Warnings on Well From Hell
(DBN)

Knew Peanuts Were Contaminated: Ship It
(DBN)

______________

Mining:

Rodeo Creek Gold, Affiliates Seek Bankruptcy Protection
(DBN)

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Fraud:

Claudio Osorio likely to plead guilty
(DBN)

Madoff -ravaged Mets enter into a stadium deal with ... Amway
(DBN)

Bernie Madoff : 'The Banks Had To Know What I Was Doing' --- Insists JPMorgan Knew of Ponzi Scheme
(DBN)

Madoff trustee to know soon about stopping Fairfield suit
(DBN)

Yet Another Ponzi Scheme Victim's Negligence Suit against the SEC Fails
(DBN)

Goldman ex-director Gupta must repay bank $6.22 million
(DBN)

Grocer Sentenced for $844K Food Stamp Fraud
(DBN)

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Sovereigns:

Arbitration versus sovereign debt: Where will YOU be on February 27?
(DBN)

Banks Fear Court Ruling in Argentina Bond Debt
(DBN)

Trial of the Century or Private Ceremony? (Pari Passu's Little Mysteries)
(DBN)

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UK:

Taylor Wessing partner Neil Smyth co-authors book focusing on personal insolvency
(DBN)

Osborne Keeps Austerity as Investors Discount Downgrade
(DBN)

Ex-39 Essex Street QC handed three and a half year tax fraud sentence
(DBN)

______________

PIIGS:

Portugal's lenders facing calls for less austerity
(DBN)

BoG says end of the road is in sight
(DBN)

Italian Stocks Sink Most in Six Months After Election
(DBN)

In Spain, banks buck calls for mortgage law reform
(DBN)

______________

Israel:

Court orders bankruptcy warning to be issued against Maiman
(DBN)

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New Zealand:

The Law Commission’s proposals on corporate trustees and insolvent trusts
(DBN)

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Tasmania:

Report probes timing of Gunns' insolvency --- Gunns debt hits $3 billion
(DBN)

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Australia:

Two liquidators punished by ASIC
(DBN)

Rinehart children borrow money for revenge against Gina
(DBN)

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Asia:

Is Asia Heading for a Debt Crisis?
(DBN)

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