January 10, 2013

The Daily Bankruptcy News

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Law:

Dewey's US LLP seeks to recover £36.7m from UK arm
(DBN)

Dewey to chip in $4 per box to shred old client files
(DBN)

White & Case Expands Restructuring and Insolvency Capabilities with a New Partner in Paris
(DBN)

McGuireWoods Names New Bankruptcy Partner --- Thomas Walker
(DBN)

Roetzel Adds Bankruptcy Partner, Associate --- Paul A. Giordano --- M. Robert Malani
(DBN)

Weil leads as MF Global reaches transatlantic settlement
(DBN)

Sidley, Bird & Bird, Jacoby & Meyers: Business of Law
(DBN)

13 New Year’s Resolutions for Improving Client Service
(DBN)

House Rules: The Truth About Getting Work From Me
(DBN)

What Do Clients Want?
(DBN)

New Data Set Shows What Clients Actually Bought Over Last Four-Plus Years
(DBN)

5 Ways to Avoid Awkwardness When Networking
(DBN)

Time for the Law Firm PPM?
(DBN)

Quinn Emanuel's fast-growing London base sees revenues rise once more
(DBN)

Quinn Emanuel Wins Dismissal of Bias Suit
(DBN)

Jacoby & Meyers Suit Back On: Law firms might have to run like a business
(DBN)

Eric Holder to stay on as U.S. attorney general
(DBN)

New JDs Will Pay Fee To Shadow Experienced Attorney: It's come to this
(DBN)

Stealth Lawyer: Aidan Donnelley Rowley, Author & Blogger
(DBN)

Students Are Finally Realizing Law School Might Be A Terrible Idea
(DBN)

Law Student Slams Recruiters For Being Total Hypocrites
(DBN)

Need Résumé Help? Don’t Bother Career Services, They Might Be Too Busy.
(DBN)

Quote of the Day: Cooley Law Has Admissions Standards!
(DBN)

Law School Transparency: Cultural lag and personal responsibility
(DBN)

Law School Admission Council Sues California
(DBN)

NALP’s Latest ‘Buying Power’ Index Is Out, and Associates in NYC Continue to Be Screwed
(DBN)

Of Kings, Psychopaths, and Lawyers
(DBN)

‘Cocky’ Law Student Fails In Bid To Become Game Show Champion – Then Jousts With Host
(DBN)

It May Take Mandatory Quotas To Finally Put Women in Charge
(DBN)

Female lawyer told not to have a relationship or babies by boss, tribunal hears --- 'Stay single - and don't have babies!'
(DBN)

Real Estate Roundup: Arnold & Porter Goes Modern in D.C., Goodwin Does the Same in Boston, and Sidley Bulks Up in Houston
(DBN)

Complying With 'Email Address Ordering Hierarchy' in Law Firms
(DBN)

Jury Selection Begins in Trial of Ex-Prosecutor Accused of Operating Law Firm as RICO Enterprise
(DBN)

Dog with 'lion-style' haircut gives town a scare; cops call zoo
(DBN)

Court voids marriage between 90-year-old Saudi man, teenage girl
(DBN)

Man videotaping police charged -- under healthcare law!
(DBN)

Video: 60 Parents, Students Brawl At School Bus Stop
(DBN)

Man Tracks Down iPhone Using 'Find My iPhone' And Gets Into Nasty Brawl With Thief
(DBN)

Corporate Personhood: Man caught alone in HOV poses odd legal argument --- A Corporation Is Not a Person for Car Pool Lane Purposes, Calif. Judge Rules
(DBN)

Brooklyn attorney disbarred for 'severe and gross' violations
(DBN)

Man fails at 2 suicide attempts on interstate; picks up shoes after hit by truck, walks to work
(DBN)

The most thorough eye exams ever
(DBN)

A Mistake On A McDonald's Order Led To A Shotgun Blast And A Standoff With Police
(DBN)

Quest for Perfect Crime Foiled by iPhone App
(DBN)

Rape defendants' Lawyer: 'No Respectable Woman' Would Be Raped
(DBN)

Teacher on leave for stomping on American flag in front of class - three times!
(DBN)

Law Firm Fire Insurance Probe Leads to Theft Charges Against 2 Legal Secretaries
(DBN)

Why Criminals Can Trade Tide Detergent For Crack Cocaine
(DBN)

______________

Judges:

Judge Says Ex-Jurist Should Lose Law License for a Year Due to Close Relationship With Prosecutor
(DBN)

The Leif and Times of Judge Clark (Pt. Two)--The Consumer Opinions
(DBN)

How the NRA Seeks to Influence the Makeup of the Federal Bench
(DBN)

Justice Sotomayor describes herself as 'lapsed Catholic'
(DBN)

Arthur Miller Puts Justice Scalia and Others on Panel; Good Thing Everybody Did the Reading
(DBN)

Birthers Suggest Impeaching Chief Justice John Roberts
(DBN)

______________

Wall Street:

Stock futures up after China data; claims ahead
(DBN)

Stocks Close Modestly Higher
(DBN)

______________

Layoffs:

Morgan Stanley to cut 1,600 jobs --- Cuts Will Emphasize Senior Employees
(DBN)

The Jobs With The Biggest Wage Growth
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

_____________

Defaults:

Moody's Global Junk-Bond Default Rate Falls to 2.6% Last Quarter
(DBN)

______________

Autos:

Riskiest Subprime Auto Bonds Shift Into Higher Gear
(DBN)

Akerson: GM will regain U.S. market share in 2013
(DBN)

Germany may slip into recession, Europe weakens: GM CEO
(DBN)

Chrysler Says United Auto Workers’ Trust Pressing for IPO Filing
(DBN)

Peugeot Slammed by European Crisis --- France seeks EU approval for Peugeot aid - paper --- Peugeot Battles Cash Crunch as European Slump Continues
(DBN)

Saab to build factory in Qingdao, China
(DBN)

______________

Retailing:

Sears shares fall after management shuffle
(DBN)

What Is Lampert's Next Sears Move? --- Is Eddie Ready to Run Sears? --- Now We'll Find Out if Eddie Lampert Knows a Washer From a Dryer
(DBN)

Sears CEO's exit raises concerns about turnaround
(DBN)

Afaze Owner Files Chapter 11, Citing Superstorm Sandy
(DBN)

JC Penney shares fall after downgrade
(DBN)

______________

Health Care:

First Community Village set to pay off bankruptcy debts 2 years early
(DBN)

Why My Disease Could Send My Family Into Bankruptcy
(DBN)

______________

Agriculture:

Grant Family Farms remaining food in question as creditors seek to settle debts
(DBN)

Grant Farms faced nearly $1.9 million in tax liens prior to bankruptcy
(DBN)

______________

Metals:

Revstone Industries divisions file for bankruptcy protection
(DBN)

______________

Economy:

Obama to tap Jack Lew to head Treasury --- Jack Lew's first task could be changing his signature --- Meet the next US Treasury Secretary --- Lew's time at Citigroup division was profitable
(DBN)

US Treasuries prices turn negative after debt sale
(DBN)

China: We Will Overtake US Economy by 2019
(DBN)

The 13 People Who Can Order a $1 Trillion Coin --- The Trillion Dollar Platinum Coin. Voters Aren't Stupid You Know --- A Platinum Coin as Big as the Ritz --- WH refuses to rule out minting $1 trillion coin --- The Two Most Stunning Things About The Movement To Mint A Trillion Dollar Coin --- Legendary Harvard Law Professor Gives The Ultimate Verdict On Whether The Trillion Dollar Platinum Coin Is Legal --- Explanation of How $1 Trillion Coin Works --- Why the Treasury Won't Mint a Trillion-Dollar Coin
(DBN)

FactCheck: Mitch McConnell on Fiscal Facts
(DBN)

Fiscal Cliff Law: Obama Key to Biz Tax Breaks
(DBN)

Fracking Pushes U.S. Oil Production to Highest Level in 20 Years
(DBN)

Good Luck Estimating Your New Tax Rate
(DBN)

Report: 1 in 4 children on food stamps
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Goldman Sachs Said to Be Part of Fed-Led Foreclosure Deal
(DBN)

Details scant for foreclosure settlement recipients
(DBN)

New federal rules aim to curb risky mortgages --- QM rule released with two legal liability standards
(DBN)

New Rule Lets Lenders Judge Whether People Can Actually Afford Mortgages
(DBN)

PNC says mortgage deals will reduce quarterly profit
(DBN)

Foreclosure settlement puts hundreds of Charlotte temps out of work
(DBN)

Goldman, Morgan Stanley, to also settle on foreclosures - sources
(DBN)

Bankruptcy Appellate Panel Affirms MERS’ Role
(DBN)

Bank Of America Stock Falls As Mortgage Woes Remain
(DBN)

New Target in Finger-Pointing Over Housing Bubble
(DBN)

The New Future of Mortgages: An Explainer
(DBN)

Housing inventory steadily declines in 2012
(DBN)

Settling The Foreclosure Reviews: Winners And Losers
(DBN)

Second class action approved against Stern foreclosure firm
(DBN)

Gov't Plans Reverse Mortgage Curbs
(DBN)

Indicted Colorado developer Davidson believed to be found dead in Florida, authorities say
(DBN)

Distressed Commercial Real Estate: Lessons from 2012 and Predictions for 2013
(DBN)

In Calif. short sales surpass foreclosures
(DBN)

NAR home affordability index set to hit record high
(DBN)

Closing Attorney to Take Plea in Federal Mortgage Fraud Case, Forfeit $269K
(DBN)

____________

Mass Torts:

Asbestos bankruptcy estimation hearing highlights major disparities
(DBN)

Bondex witness recounts risk averse settlement route in Madison County asbestos court
(DBN)

______________

Fraud:

What is More Sacred in Unraveling a Ponzi Scheme: The Attorney-Client Privilege or the Government’s Right to Know?
(DBN)

Former SAC analyst who cooperated with probe gets probation
(DBN)

______________

Banking:

UBS's Orcel admits banks must change --- Battling against culture of arrogance
(DBN)

Finally, the SEC Goes After a Failed Bank's Auditors
(DBN)

American consumers increasingly happy with financial institutions
(DBN)

______________

Education:

Apollo worries weigh down entire sector
(DBN)

______________

Aviation:

Lawyer's comments give AMR shares a bounce --- Shares Rise 30% in Early Trading --- Investors go giddy over AMR shares --- AMR Cites 'Significant' Rise in Value, Mulls Options
(DBN)

AMR board to study merger option
(DBN)

AMR Bondholders to Weigh US Airways Merger, Sign CA
(DBN)

Creditors Debate Course for AMR
(DBN)

American Airlines, "Marie Antoinette’s Favorite Airline," To Sell $23m London Home
(DBN)

Plain plates: Is American Airlines' logoless china a merger clue?
(DBN)

Developer Craig Hall has big regrets about his big AMR investment
(DBN)

Hawker Beechcraft to furlough some workers
(DBN)

_____________

Shipping:

Trailer Bridge Emerges From Bankruptcy
(DBN)

______________

Oil/Gas:

ATP Seeks Court Permission to Sell Gulf of Mexico Wells
(DBN)

______________

Municipalities:

U.S. judge throws out lawsuit by Harrisburg officials against Act 47 recovery plan
(DBN)

Harrisburg: Dan Miller wants a new avenue for dismissed Act 47 lawsuit
(DBN)

Who will be Detroit’s Emergency Manager? Beckham, Brown, Hendrix, Williams viewed as viable candidates
(DBN)

IRS places tax lien on city of Aragon
(DBN)

Florida’s $19 billion problem: Unfunded municipal pensions
(DBN)

______________

Electricity:

Energy Future Creditors Agree to New Debt Rules in Bond Exchange
(DBN)

______________

Telecoms:

LightSquared Lenders Fight for Right to Go After Falcone
(DBN)

______________

Dairy:

CEO of Golden Guernsey's parent company apologizes
(DBN)

______________

Education:

City College Of San Francisco Asks For Extension To Prevent Shutdown
(DBN)

______________

Corporate Governance:

2012 Board Practices Report
(DBN)

ABA's John Stout Looks at the Future of Corporate Governance
(DBN)

______________

Mass Transit:

Kelley Transit's parent company set to emerge from bankruptcy
(DBN)

______________

Nutrition:

Boies, Kirkland Battle Over Viability of Herbalife
(DBN)

______________

Brokers:

MF Global customers again denied chance to probe Corzine, officers
(DBN)

Cantor Growth Plan Spuuters as 41% of Touted Hires Exit
(DBN)

______________

Celebs:

Other Bidders Contest Tully's Sale to Dempsey
(DBN)

As 2012 Ends, Celebrities Pay Tax Debts , Sort Of
(DBN)

______________

Student Debt:

Failure to Apply for Income Based Repayment Does Not Bar Discharge of Student Loans
(DBN)

______________

Hotels:

Distressed deals still abound despite recovery
(DBN)

Hyatt Complains of Hotel Coup
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (45 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:

Bill on Bankruptcy : Fee Agreement Puts Law Firm In Trustee's Sights
(DBN)

2012 Year in Review
(DBN)

______________

Bankruptcy Statistics:

Global Distressed Debt & Bankruptcy Restructuring 2012 Rankings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

RG Steel files 'clawback' suits to get money repaid
(DBN)

Judge OKs clawbacks from investors in Sentinel failure
(DBN)

Developing Consensus Among Delaware Bankruptcy Courts to Narrowly Construe Stern v. Marshall Concerning Avoidance Claims
(DBN)

______________

Settlements:

Jumpin’ Donuts: Bankruptcy Settlements and the Gifting and Equitable Mootness Doctrines
(DBN)

______________

Dismissal:

Bad Faith Constitutes “Cause” For Dismissal of a Bankruptcy Case
(DBN)

______________

Examiners:

Creditor Committee’s Concurrent Investigation Did Not Vitiate Need for Independent Examiner
(DBN)

______________

Plan Confirmation:

Courts may Override §1111(a)and Require Proofs of Interest to be Filed
(DBN)

______________

Discharge:

Specific Intent is not Required to Establish a Willful Injury under Section 523(a)(6)
(DBN)

______________

Recent Pleadings:

Committee Slams Monitor Sale Process, Says Bidding Chilled by Partner Lock-Up Agreements
(DBN)

______________

Insurance:

Who's to Blame for Inadequate Bank D&O Insurance?
(DBN)

______________

Litigation:

Supreme Court declines to halt 2nd Circuit's Twiqbal pushback
(DBN)

Top 10 Things You Never Hear on Privilege Logs
(DBN)

______________

TBTF:

AIG won't join lawsuit against U.S. --- Benmosche Says AIG Closes Door on Past by Rejecting Suit --- As public fumes, AIG says will not sue U.S. over bailout
(DBN)

AIG's Hank Greenberg Won't Let Go --- Hank Greenberg Should Be Shot into Space
(DBN)

______________

Food/Beverages:

Twilight of the Twinkies: Hostess Hires Hilco to Help Sell Assets
(DBN)

Kroger hires attorney to help with Hostess bankruptcy case
(DBN)

Ruby Tuesday to close stores and sell chain
(DBN)

Battle for Tully's Coffee not over yet --- Tully's founder O'Keefe, rival bidders, landlords oppose Tully's sale to Dempsey
(DBN)

______________

Telecoms:

Harbinger Argues LightSquared Lenders Can't Sue Over Loan
(DBN)

______________

Corporate Reform:

US SEC levels first post-crisis charges versus auditors
(DBN)

Former Virginia bank executives charged in financial crisis case
(DBN)

SEC enforcement chief stepping down
(DBN)

How Goldman Sachs is sidestepping the Volcker rule
(DBN)

______________

Liquor:

Empty shelves at Centennial, Big Daddy’s and Majestic to be restocked as company reorganizes in bankruptcy
(DBN)

______________

Footwear:

Bakers to close after late-night talks break down
(DBN)

______________

Sovereigns:

Argentine Defaulted Bond Holders Oppose Request to Court
(DBN)

Seized Argentine naval ship gets jubilant homecoming
(DBN)

______________

UK:

UK: Retirement Incomes Fall by £3,400 a Year
(DBN)

UK: The Welfare State, 1942-2013
(DBN)

UK retailer Jessops enters administration --- Glum Picture For Jessops As Closures Loom --- SNR Denton in lead role as Jessops becomes latest high-street casualty --- Ashurst and SNR Denton take lead roles on Jessops administration --- PwC administrators called to Jessops
(DBN)

Taxpayers to pick up £207m bill for failing NHS trust
(DBN)

Rangers will quit Scottish football if restructuring plans go ahead, says Charles `
(DBN)

______________

EU:

Europe's Bankrupt Welfare State
(DBN)

The European Bailout That Everyone Forgot About Is Running Into Trouble
(DBN)

Germany Gears Up for Big Pay Hikes
(DBN)

Jobless Risks Creating New Divide in Europe
(DBN)

How Mario Draghi is reshaping the ECB
(DBN)

______________

PIIGS:

Mussolini Cult Alive and Well in Italy
(DBN)

Irish house prices to fall another 20pc, warns Fitch
(DBN)

Ireland continues to diverge from Portugal
(DBN)

Greek party seeks probe of ex-leaders over tax list --- Papandreou, Papademos, Parliament Probe Targets --- The rapid rise of Greece’s nouveaux pauvres
(DBN)

______________

Canada:

Clayton Kennedy, Theresa Spence's Spouse, Declared Bankruptcy
(DBN)

______________

France:

Virgin France files for bankruptcy protection
(DBN)

______________

Cyprus:

Merkel faces skepticism over Cyprus bailout aid
(DBN)

______________

Australia:

One in four personal insolvencies are business-related
(DBN)

______________

Mexico:

Bank accounts for more than 50 municipalities will be frozen
(DBN)

______________

 

 

 

 

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