February 4, 2013

The Daily Bankruptcy News

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Law:

Bankruptcy and Billables
(DBN)

Stop Blaming The Law School Bubble On The 2007 Financial Crisis
(DBN)

Legal industry sheds 2400 jobs in January
(DBN)

Troubled city turns on its lawyers
(DBN)

Mixed Year for McDermott as Revenue Rises but Profit Falls
(DBN)

But I Have All This Debt
(DBN)

Engagement push sees firm shake up associates' role in sector focus
(DBN)

What’s Really So Great About Being The General Counsel?
(DBN)

Phoenix lawyer dies after office shooting
(DBN)

DLA Piper ranks No. 1 for partner poaching in 2012, report says
(DBN)

A Closer Look at Lateral Partner Hiring
(DBN)

2013 Peer Monitor Legal Industry Report --- "Burn The Ships"
(DBN)

In Rare Departure, Milbank Partner Leaves Firm to Rejoin Ex-Dewey Colleagues at Weil
(DBN)

DLA Piper's Gross Revenue Rises 8.6 Percent to $2.44 Billion
(DBN)

ACC's CLO Survey Looks to Past and Future of Legal Department Priorities
(DBN)

Looking Good When The Weather’s Bad: A Fashion Primer
(DBN)

Law firm seeks assistance with underfunded pension obligations
(DBN)

Crop of New Law Schools Opens Amid a Lawyer Glut
(DBN)

Law School Applications Are Collapsing (As They Should Be)
(DBN)

Law School Tour Guide Says It's Fine To Get Your JD Without A Plan, Even Though It'll Cost You $150K
(DBN)

New York Law school is paying students to study for the bar
(DBN)

Law school ‘resurgence’ isn’t over, even as applicants drop
(DBN)

Georgetown Law golden boy had another life as a meth dealer --- Breaking Bad at a Leading Law School: T14 Law Student Sentenced to Four Years for Meth Dealing --- Judge finds promising 2L’s drug dealing ‘perplexing’
(DBN)

Quote of the Day: A (Chicken)Pox on Your Law School!
(DBN)

White & Case, Schulte Roth, Skadden, S&C: Business of Law
(DBN)

Arbitration Center, Morgan Lewis, Latham: Business of Law
(DBN)

K&L Gates set to unveil 8% London revenue hike as London rise continues
(DBN)

Growing list of top UK law firms moving to cut staff in 2013
(DBN)

Lawyer Willie Gary faces $3.7 million hit after plane default
(DBN)

LegalTech: FBI Security Expert Urges Law Firm Caution
(DBN)

And This Is How We Turn Good People Into Unethical Lawyers
(DBN)

Using the iPad and TrialPad in a High Stakes Hearing --- Manage app overload on your iPad or iPhone with folders --- Trial Notebook iPad App – Review
(DBN)

Law Firm Tied To Shapiro Sued By Bankruptcy Trustee
(DBN)

Lawyers and Adderall: The edge coming from narrow focus
(DBN)

Charisma 101 for Lawyers
(DBN)

Houston law firm wins big fees from Johnson & Johnson
(DBN)

Socrates Convicted Again In Modern Mock Trial
(DBN)

Ex-Wilmer Partner, Laid-Off Latham Associate on Opposing Sides in Super Bowl XLVII
(DBN)

Calling doc ‘a real tool’ isn’t defamatory, Minnesota Supreme Court rules
(DBN)

Report: Secret plans in place to ax or demote 20 to 50 of 189 partners at Ashurst Australia --- Ashurst denies partner cuts
(DBN)

How The US Legal System Became A Costly Nightmare
(DBN)

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Judges:

Oprah Interviews Sonia Sotomayor --- Before judgment days
(DBN)

Sotomayor, a Star on the Book-Tour Circuit, Sees a New Niche for a Justice
(DBN)

Along the U Street corridor, her honor finds all the comforts of home
(DBN)

Prosecutor gunned down while walking from parking lot to work at courthouse
(DBN)

Feds Indict Nine Present and Former Traffic Court Judges
(DBN)

Attorney's blogging prompts ethics complaint
(DBN)

Texas Judge Faces His Own Court of Inquiry
(DBN)

Judge of the Day: Lynn Hughes Strikes Again
(DBN)

Melvin's former law clerk takes stand against the justice
(DBN)

What Did the Word "The" Mean in 1755? And Why Does the Court Care?
(DBN)

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Wall Street:

Stock futures dip after five-year highs with data, earnings on tap
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

Stifel Stalks Faltering Firms as Wall Street Retrenches
(DBN)

If You Think Investors Are Getting Euphoric, Talk To Members Of This Club In New Jersey
(DBN)

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Layoffs:

Why secretary is still the top job for women
(DBN)

Construction Jobs Difficult to Fill
(DBN)

Manufacturing Jobs Dry Up
(DBN)

US: No Full Employment Until 2022
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Steel:

RG Steel creditors withdraw request to sue Rennert
(DBN)

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Alternative Energy:

Sale of US battery company to Chinese questioned
(DBN)

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Motorcycles:

Division of Orange County Choppers files for bankruptcy
(DBN)

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Photography:

Kodak closes its digital imaging patent sale, settles disputes
(DBN)

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Finance:

ResCap Creditors Object to $8.7 Billion Securities Deal
(DBN)

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Poultry:

Chicken Farmers Lose Pilgrim's Pride Lawsuit
(DBN)

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Storage:

Wine Cellar Accused Of Hoarding Investor's Wine Collection Files For Bankruptcy
(DBN)

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Telecoms:

Otelco plans to file Chapter 11
(DBN)

Powerwave, Gores reach deal on cash
(DBN)

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Food/Beverage:

Former Adams CEO admits to fraud
(DBN)

Garcia’s, Garfield’s Restaurants Tell Workers About Bankruptcy
(DBN)

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Mass Torts:

Post-trial briefs in Bondex asbestos bankruptcy case due Feb. 6
(DBN)

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Banking:

In The 1960's, Banks Were 'Flashy, Lovable And Open Handed'
(DBN)

Banks Have Grown Too Large to Manage, Cowen's Cohen Says
(DBN)

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Brokers:

NFA Ignores Independent Audit Criticism and Pats Themselves On The Back During Board Meeting --- Peregrine Financial regulators lacked scepticism
(DBN)

Peregrine's Wasendorf Still a Big Shot in Iowa
(DBN)

MF Global customers to get most of their money back - Freeh
(DBN)

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Economy:

UMich consumer sentiment rises in January
(DBN)

ISM Manufacturing Index - PMI 53.1% for January 2013
(DBN)

Sequester Looking More And More Likely
(DBN)

Many Boomers Still Down and Out from Crash
(DBN)

Why Have Recoveries Been So Miserable the Past 20 Years?
(DBN)

Banks, at Least, Had a Friend in Geithner
(DBN)

In Hard Economy for All Ages, Older Isn't Better ... It's Brutal
(DBN)

Food Prices Rising Sharply
(DBN)

2 Ugly Charts on Current Recovery
(DBN)

Inequality for All – another Inconvenient Truth?
(DBN)

US: Some of the Lowest Energy Taxes in World
(DBN)

Maps That Explain The World
(DBN)

IMF: End of Cheap Labor in China at Hand
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Are best mortgage rates gone for good?
(DBN)

MBS: Case Offers Peek Behind the Curtain of a Security
(DBN)

Creditors Fight $8.7 Billion ResCap Mortgage-Securities Settlement
(DBN)

Lawmakers request more transparency in foreclosure settlement
(DBN)

CoreLogic: National foreclosure inventory falls 19.5%
(DBN)

Judicial foreclosure states continue to clog inventory pipeline
(DBN)

10 Best States to Default on Your Mortgage
(DBN)

Arkansas Joins in $120 Million Robo-Signing Settlement --- Maine settles for $500 K in robo-signing case --- Nevada not included --- Conn. to net $1.9M --- Idaho joins --- Washington to Get $4 Million --- Michigan gets $2.5 million --- NC joins --- Utah to get $1.3 million --- Florida to get $8.6 million
(DBN)

Bankrupt developer now offers relationship advice
(DBN)

No-money-down mortgages are back
(DBN)

With CFPB Appointment In Limbo, So Is the Housing Recovery
(DBN)

US banks squeezed as mortgage profits hit
(DBN)

___________

Student Debt:

US Consumer Bureau Seeks Comment on College Finance Products
(DBN)

How Much Student Loan Debt Is Too Much?
(DBN)

Are Students Getting the Best Deal From University Financial Products?
(DBN)

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Politics:

Ex-Mass. politician's company files for bankruptcy
(DBN)

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Aviation:

AMR seeks more time to file restructuring plan
(DBN)

New Beechcraft Will Retain and Expand Services Division
(DBN)

PBGC to take over 2 Hawker Beechcraft pension plans
(DBN)

Boisture's back as CEO of Beechcraft Corp.
(DBN)

Pace bankruptcy administrator OKs $369,313 in fees for trustee, law firm
(DBN)

American Airlines ticks off Kristin Chenoweth (and her "emotional support" dog)
(DBN)

Tough rivalry caused bankruptcy : Batavia
(DBN)

Calls For Government to Protect Rights of Batavia Passengers
(DBN)

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Municipalities:

City of Stockton: Bankruptcy Court Holds that Rule 9019 Does Not Apply to Chapter 9 Debtors
(DBN)

Creditor trustee in Alabama bankruptcy says no February 1 payment
(DBN)

San Bernardino: Bankrupt city searches for new manager
(DBN)

Jefferson County sewer creditors finish making their case to judge
(DBN)

Commissioners confident they'll call the shots on sewer rates
(DBN)

New Pension Rules Would Bankrupt Six Counties
(DBN)

Harrisburg, Pennsylvania Is a Broke-A-- Sinkhole of Despair --- More than 40 huge sinkholes open up all over Pennsylvania's capital, but the city is too broke to fix them
(DBN)

Central Falls council, receiver locked in dispute
(DBN)

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Health Care:

Monroeville Hospice Goes Bankrupt , Workers Wait For Paychecks
(DBN)

High Health Care Costs Bankrupt One In Four American Seniors
(DBN)

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Asset Protection:

Existence Of Claim Renders Some Clients Seeking Asset Protection Effectively Dead On Arrival
(DBN)

______________

Education:

SHOWDOWN: Lon Morris College bankruptcy hearings seemingly devolve into series of disputes; Texas AG asks for answers
(DBN)

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Celebs:

The Broke and the Beautiful: Best Picture Edition
(DBN)

Why Athletes Go Broke
(DBN)

Fame as an asset: Will Casey Anthony’s Chapter 7 bankruptcy case preclude future book and movie deals?
(DBN)

Charlie Sheen's p--- star ex Kacey Jordan files for bankruptcy
(DBN)

Lady Gaga explodes during lawsuit deposition
(DBN)

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Lehman:

Lehman bankruptcy fees surpass $2 billion: court filing
(DBN)

Court denies schools recovery of $20 million in losses from Lehman Brothers bankruptcy
(DBN)

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Hotels:

CEO 'dances' into Extended Stay turnaround
(DBN)

______________

Autos:

The Car Bailout was Worth It
(DBN)

Ford Sued by Over 1,400 Ex-Workers Over Spinoff Pensions
(DBN)

GM Taps Former VW Exec to Turn Around Europe
(DBN)

As supplier empire falls, a money puzzle unravels
(DBN)

Saab Makes Offer to Owners w/0 Warranties
(DBN)

Acquisition trail led many to bankruptcy , court
(DBN)

______________

Debt Collection:

Latest FTC Study Highlights the Debt Buying Industry
(DBN)

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Credit Reporting:

Number of Consumers With Sub-Prime Credit Scores Dwindles
(DBN)

______________

Soccer:

Brondby shares suspended as club on brink of bankruptcy
(DBN)

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Awards:

Broad and Cassel Partner Nicolette Vilmos Elected to Bankruptcy Board
(DBN)

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Prisons:

Private Prisons Will Get Totally Slammed By Immigration Reform
(DBN)

Privatized Prisons a Bad Idea Gets Worse
(DBN)

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Coal:

Patriot Coal: A Bankruptcy Where Company is Technically Solvent
(DBN)

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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 (65 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

______________

Miscellaneous:

Cravath: Recent Developments in Bankruptcy Law -- January 2013
(DBN)

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Bankruptcy Statistics:

Hawaii bankruptcies down in January for 23rd straight month
(DBN)

Buffalo: 12.7% drop reported in bankruptcy filings here amid downward trend
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Exit Financing:

"Crowdfunding" a Chapter 11 Plan
(DBN)

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Safe Harbors:

Court Rejects Safe Harbor Defenses for Futures Customers
(DBN)

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TBTF:

Too-Big-to-Fail Too Hard to Fix Amid Calls to Curb Banks
(DBN)

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Mail:

Postal Service says it's immune from local traffic laws
(DBN)

______________

Bankruptcy Politics:

Delaware's Coons takes over Senate subcommittee on bankruptcy --- Delaware Bar Ally to Head Senate Bankruptcy Panel
(DBN)

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Sales:

The Latest Opinion On Asset Sales Under Section 363
(DBN)

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Recent Pleadings:

Defunct Law Firm's Engagement Agreement Covers Tax Matters, Not Lobbying
(DBN)

______________

Litigation:

Letter From LegalTech: The Thrills of E-Discovery
(DBN)

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Agriculture:

Sanger company set to buy Zacky
(DBN)

______________

Gambling:

Crown in bid to get US fraud action dismissed
(DBN)

______________

Corporate Reform:

Should Wall Street Fear Mary Jo White? --- Why Mary Jo White Is Right for the SEC
(DBN)

Panel in 'neither admit nor deny' appeal bodes well for Citi, SEC
(DBN)

GOP: We'll Block Consumer Agency Nominee
(DBN)

______________

Religion:

Abuse victims say Los Angeles archdiocese still withholding documents
(DBN)

A Start Or Plan B? Cardinal “Disciplined” Over Handling Of Child Sexual Abuse Cases
(DBN)

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Fraud:

Insider trading informant gets 12 months in prison --- Teary Khan to prison
(DBN)

Allen Stanford Lawyer Sued by Receiver for Aiding Fraud
(DBN)

January 2013 Ponzi Scheme Roundup
(DBN)

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History:

When taxes first hit the middle class
(DBN)

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Sovereigns:

Argentina proposes new debt swap
(DBN)

Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders
(DBN)

Argentina plays last cards with NY appellate court --- Argues Nation's Economy Would Be Ruined If It Loses
(DBN)

______________

UK:

'Ban fees to stop lenders profiting from company failures'
(DBN)

UK Recession Looms Despite Busy Factories
(DBN)

UK corporate liquidations fall to lowest since Q2 2008
(DBN)

Begbies sees green shoots for construction
(DBN)

' Bankruptcy lite' is up 7pc in a year
(DBN)

R3 comments on Q4 Insolvency Service Statistics
(DBN)

£11m rescue deal for Manganese Bronze
(DBN)

Cobbetts pre-pack sale nears
(DBN)

DWF to seal pre-pack rescue deal to acquire Cobbetts --- The Offer That DWF Couldn’t Refuse :)
(DBN)

Ex-HMV employee lets loose on company Twitter feed
(DBN)

HMV administrators sell G-A-Y venue to founder
(DBN)

Insolvency lowest since 2008 but retailers' nightmare continues
(DBN)

Failed Burdens owes £63m to trade creditors
(DBN)

Zombies disappearing as UK conditions ease
(DBN)

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EU:

The Putrid Smell Suddenly Emanating From European Banks
(DBN)

Mario Draghi Can't Stop The Bubble In Europe From Bursting
(DBN)

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PIIGS:

O'Donnells' challenge against British bankruptcy ruling put back for month --- ie: Receiver warns new insolvency laws will be ignored --- Shatter seeks to curtail British bankruptcy tourism
(DBN)

Greek corporate tax highest in region --- Greek Consumer Spending Falls 15.3% --- Greeks World Runner-Up In Plastic Surgery --- Moody’s Says Greek Default Still Possible --- Greek Doctor Exodus, 4,000 Flee Country --- The Fog of Austerity: This Smoke Cloud Is the Ultimate Symbol of Greece's Depression
(DBN)

Spanish, Italian Bonds Plunge Amid Signs of Political Risk
(DBN)

Spanish unemployed rises to 4.98 mn in January
(DBN)

Seat PG set for second shock restructuring
(DBN)

______________

Canada:

Supreme Court rules that creditors trump pensions during bankruptcy --- Ruling favours firms, not workers
(DBN)

Indalex ruling captures balancing act of bankruptcy law
(DBN)

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France:

Most French people agree their country is 'totally bankrupt '
(DBN)

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Argentina:

Argentina Is First Nation Censured by IMF for Economic Data
(DBN)

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India:

India is in need of a watertight bankruptcy law to help reorganize failing businesses
(DBN)

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Iceland:

Iceland, Fervent Prosecutor of Bankers, Sees Meager Returns
(DBN)

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Netherlands:

Dutch state nationalizes SNS Reaal bank
(DBN)

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Copyright 2013