February 8, 2013

The Daily Bankruptcy News

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Law:

A Better 2012 for BigLaw (With Big Asterisks)
(DBN)

From Biglaw to Boutique: Never Satisfied
(DBN)

Biglaw Perk Watch: Adoption and Surrogacy Benefits
(DBN)

Attorney Was AMR Deal Key
(DBN)

Greenberg, Clifford Chance, Venable: Business of Law
(DBN)

Greenberg Traurig announces leadership changes
(DBN)

New bar passage rate requirement for accreditation prompts law school to sue state bar officials
(DBN)

The Most Important Part of Law School: Social Life Rankings!
(DBN)

Now is the time to go to law school, at least in this state, dean says
(DBN)

Is This A Good Tuition Deal? Only If You Don’t Read The Fine Print.
(DBN)

Manhattan Attorney Allegedly Threw Himself A Lavish Going-Away Party Before Heading Off To Prison
(DBN)

Defunct Law Firm Dewey & LeBoeuf Auctions Artwork
(DBN)

Quote of the Day: Beauty School Dropout? Be a Lawyer!
(DBN)

There Is A 260,000-Person Wait List For A New Email App
(DBN)

Review: ABBYY FineReader Touch -- scan, OCR, convert to Word, Excel, PDF, etc.
(DBN)

Chihuahua's Body Exhumed So Its Alleged Killer Can Be Punished
(DBN)

Bad coffee leads to embezzlement case against law firm worker
(DBN)

Law firm ‘wine and dine’ event with client led to insider-trading case against partner’s husband
(DBN)

Paralegal jobs being overtaken by technology, analysis reports
(DBN)

Facebook Status Update of the Day: I Left Skadden For This?
(DBN)

The Wrong Lawyers for the Job? (BigLaw Trial Attorneys Get Bench Slapped)
(DBN)

Kim Kardashian holds hands with both her lawyer and a friend as pregnant star endures stressful day of divorce proceedings
(DBN)

Florida judge approves birth certificate listing three parents
(DBN)

Bath Salts: Former Deutsche Bank Exec And LAPD Not Yet Seeing Eye To Eye On “Savage Beating” Incident
(DBN)

Lawyer arrested and jailed for client’s alleged crime
(DBN)

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Judges:

Florida Supreme Court Could Decide Whether A Judge Can Be Facebook Friends With A Prosecutor
(DBN)

Racism complaint filed against federal judge by civil rights group
(DBN)

Judge who had jury deliberate at 3 a.m. to save her vacation agrees to reprimand
(DBN)

Re-dedication ceremony for Orlando's bankruptcy courthouse
(DBN)

When Judges Clash: 2nd Circuit Dissentals Edition
(DBN)

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Wall Street:

Stock futures signal flat open
(DBN)

US stocks close lower on investor caution
(DBN)

16 Hot Wall Street Firms Where Bankers And Traders Really Want To Work
(DBN)

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Layoffs:

Jobless claims point to healing in labor market --- Jobless claims point to slow hiring
(DBN)

Barclays Capital to lay off 275 employees at 3 offices in New York
(DBN)

America's Unemployed Are Thankful For Falling Productivity
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mail:

Will the threat of five-day mail shock Congress into action on postal reform?
(DBN)

The Post Office Fiasco Shows Why America Is Doomed
(DBN)

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Bankruptcy Crimes:

Bankrupt pharmacist who kept nearly $6M cash in home convicted of tax evasion
(DBN)

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Municipalities:

Trustee in Alabama's bankruptcy demands accelerated payment
(DBN)

Allen Park plan cuts officials' pay in half
(DBN)

Stockton’s Displaced Low Income Housing Tenants Seek Relief from Stay, Enforcement of Settlement Obligations
(DBN)

San Bernardino, Calpers fail to reach deal before court date
(DBN)

Flint police union sues over contracts imposed by emergency manager, claims city violated arbitration rules
(DBN)

Michigan gov. proposes expanded budget amid local, federal risks
(DBN)

The Pension Fund That Ate California
(DBN)

10 States With The Best Tax Breaks For The Wealthy
(DBN)

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Fraud:

Madoff’s Brother Agrees to $90M Settlement in Trustee Lawsuit
(DBN)

U.S. Trustee Wants To Interview Jack Brown On Missing Millions; Brown Attorney Resists; Skiles Said Daughter Spotted Ponzi Scheme
(DBN)

German 'mini-Madoff' hedge fund founder indicted in U.S.
(DBN)

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Corporate Reform:

Elizabeth Warren Not Ready to Back Down on US Consumer Bureau
(DBN)

Uncertainty regarding Cordray’s position at CFPB causes concern for agency proponents
(DBN)

A Closer Look at the DoJ's Complaint against McGraw-Hill and S&P
(DBN)

S&P's sham First Amendment defense against state AG cases
(DBN)

Report: The Justice Department May Sue Moody's For Fraud Too
(DBN)

How the SEC could change policy to 'maximize deterrence'
(DBN)

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Autos:

Fisker to Resume Production ‘Soon,’ Co-Founder Says
(DBN)

Market Worsens: Peugeot Writes off 4bn Euros
(DBN)

China: Car Sales Jump 46% in January
(DBN)

BMW Sales Hit Record for January
(DBN)

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Economy:

Fewer Workers Filed Claims for U.S. Jobless Benefits Last Week
(DBN)

Worker Productivity in US Declines, Pushing Up Labor Costs
(DBN)

The Sad New Reality Of The 'Economic Recovery' For American Workers
(DBN)

Food Bank Visits Surge and Not Just the Poor
(DBN)

Obama Looks for Big Deal on Spending Cuts and Taxes
(DBN)

Nine Spending Cuts The Democrats Are Willing Make To Bring Deficits Down $1 Trillion
(DBN)

Consumer credit increases $14.6 bln in December
(DBN)

All of America's New Oil Won't Lower Gas Prices --- Energy Independence Means Pain at Pump
(DBN)

100 Startling Facts About The Economy
(DBN)

The Great Recession's Long Lasting Scars
(DBN)

Neil Barofsky: Geithner doctrine lives on in Libor scandal
(DBN)

Investors Are Being Bullied Into Buying Risky Assets, Which Are Doomed To Crash
(DBN)

New Tax Law Screws the Upper Middle Class
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac: Typical 30-year mortgage rate levels off at 3.53%
(DBN)

Robert Shiller destroys the idea of investing in a home
(DBN)

ResCap Examiner Says Ally Report Delayed for Second Time
(DBN)

Delaware entity buys financially troubled Kapalua Bay condos on Maui for $100M after auction - Twice the amount bid in winning bid two months ago
(DBN)

Hensarling: FHA the nation’s “largest subprime lender”
(DBN)

Florida Is Swamped with Foreclosures – And Deals on Distressed Homes
(DBN)

Court of Appeals rules on borrower rescission rights
(DBN)

Florida Supreme Court rules on controversial foreclosure case
(DBN)

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Retailing:

Macy's Leads Biggest Same-Store Sales Gain Since 2011
(DBN)

Retailers' sales beat forecasts, but worries remain
(DBN)

Reports: JC Penney Plans More Layoffs at Headquarters
(DBN)

Bon - Ton January sales slips --- Tightens year view
(DBN)

Brodkey's Jewelers files for bankruptcy , will close stores
(DBN)

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Aviation:

American Airlines And US Airways Near Merger Deal
(DBN)

Don’t Expect to Profit From an AMR-US Airways Merger
(DBN)

American-US Air deal would cut passenger choices
(DBN)

How American Airlines’ labor unions went behind the CEO’s back to force a merger with US Airways
(DBN)

American Eagle flight attendants want to delay American Airlines deal with Republic Airlines
(DBN)

1,900 Pittsburgh-area jobs, flight center at stake if American, US Airways merge
(DBN)

AMR creditors to meet February 11, may vote on US Air merger
(DBN)

Horton as non-executive chairman, Parker as CEO of merged US Airways-American Airlines?
(DBN)

What is a non-executive chairman?
(DBN)

Federal Officials Fine Sky King Airlines
(DBN)

NTSB blames ‘green’ battery for Boeing’s woes
(DBN)

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Awards:

Dallas: Weil, Gotshal bankruptcy lawyer becomes TMA NextGen Committee vice chairwoman
(DBN)

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Alternative Energy:

A123 says unsecured creditors to get 65 pct of claims
(DBN)

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Student Debt:

Cohen reintroduces bill to make it easier to discharge private student loans
(DBN)

As College Debt Grows, Students Delay Payment
(DBN)

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Health Care:

Universal Health Care Group files Chapter 11 bankruptcy
(DBN)

Universal Health's largest unsecured creditor: HCA at $6 million
(DBN)

Investigation finds pattern of financial mismanagement at Universal Health Care
(DBN)

Wise Regional Health System in Texas Bids $20M for North Texas Community Hospital
(DBN)

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Pensions:

PBCG multiemployer pension plan reports raise alarms on underfunding
(DBN)

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Tax:

IRS nabs identity thieves in nationwide crackdown
(DBN)

Judge Calls Customers Suing UBS 'Tax Cheats' Who Are Like Kids Suing Their Parents For Raising Them Poorly - "Travesty" of a lawsuit"
(DBN)

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Ratings Agencies:

Justice Dept, states weigh action against Moody's
(DBN)

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Food/Beverage:

Hostess' bakers 'confident' of better deal with a new owner
(DBN)

Hostess Bakers' Union Says It Held Talks With Bidders
(DBN)

USDA cites closed company for PACA debts
(DBN)

Restaurant Gives Family A 'Well-Behaved Kids' Discount
(DBN)

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Celebs:

Armstrong Is Sued Over Prize Money
(DBN)

Baseball Player Who Has Made $156 Million In His Career Arrested For DUI While Buying Lottery Tickets
(DBN)

Olympic medalist's Harley up for auction
(DBN)

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New Bankruptcy Opinions
(5 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (36 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)

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Bankruptcy Statistics:

Business-related bankruptcies down in New Mexico
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Private Student Loan Debt to be Dischargeable in Bankruptcy Under House Bill
(DBN)

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History:

Stare Indecisis – Supreme Court Upholds Depression-Era Law Limiting Ability to Exercise Security Interests After Striking Down Predecessor Law
(DBN)

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Plan Confirmation:

Chapter 11 Plan May Include Lump Sum Balloon Payment For Priority Tax Claim
(DBN)

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Sales:

Section 363 Sales — An Increasingly Viable Tool For Bank M&A?
(DBN)

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Recent Pleadings:

 

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Insurance:

D&O Insurance: Bank Directors' Notice of FDIC Failed Bank Suit Held Timely
(DBN)

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Banking:

RBS Trader Colluded With UBS Counterpart to Pay Bribes
(DBN)

RBS and Libor: The wrong stuff
(DBN)

LIBOR fines could hit $22 bn
(DBN)

Recent Libor Settlements Just Tip of the Iceberg
(DBN)

______________

TBTF:

A Growing Split Within Republicans On Too Big To Fail Banks
(DBN)

______________

Politics:

A Change in Name and More
(DBN)

Why Rand Paul's Hair Looks Like That
(DBN)

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UK:

Victory for David Cameron as EU budget faces cuts for first time
(DBN)

Deloitte administrators to close 66 HMV stores
(DBN)

HMV's two-month wave of store closures
(DBN)

KPMG administrators arrange pre-pack of Cobbetts
(DBN)

Cooper Parry bolsters restructuring team
(DBN)

Rapid insolvency measures to Mochdre car plant leaves workforce "angry and anxious"
(DBN)

Punch Taverns reveals business restructuring options
(DBN)

Threat to one in three retailers
(DBN)

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EU:

Draghi Signals Euro Strength May Hurt ECB's Recovery Efforts
(DBN)

Draghi Finds Powerful Weapon in Words as Markets Heed His Voice
(DBN)

Euro falls sharply vs dollar after Draghi comments
(DBN)

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PIIGS:

ECB "takes note" of Ireland's Anglo Irish debt plan --- 850 IBRC staff in shock and fear --- Ireland Wakes Up From Nightmare Over Debt Wrangling With ECB --- Relief as ECB gives Ireland 40 years to repay debt
(DBN)

Greece: Revenue shortfall in January calls for emergency action --- Greek household incomes down average 38 pct from cuts, survey shows --- Greece Just Unveiled Its 2013 To 2016 Budget Plan
(DBN)

Bankruptcies in Spain rise by 39.4 pct in Q4

______________

Canada:

Canadian Superpriority Bowl: CCAA – 34, Ontario Pensions – 31
(DBN)

______________

France:

French Workers Threaten To Blow Up Their Factory
(DBN)

Showdown at Peugeot plant as strike splits workers
(DBN)

France backs Egyptian bid for threatened refinery
(DBN)

______________

Japan:

Bond Risk Increases in Japan
(DBN)

Fujitsu cutting 5,000 jobs in restructuring
(DBN)

______________

China:

China's January Trade Numbers Crush Expectations --- How Chinese Manufacturing Makes The Rest Of The World Look Tiny
(DBN)

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India:

India Unexpectedly Slashed Its GDP Growth Forecast To A 10-Year Low
(DBN)

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Serbia:

Serbia tells state power monopoly to restructure or go bust
(DBN)

______________

MENA:

Kuwait considers $6 billion consumer debt bailout
(DBN)

______________

Iceland:

Former Icelandic retail baron found guilty of tax evasion
(DBN)

______________

Russia:

A Photographic Tour Of Russian Corruption
(DBN)

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Copyright 2013