January 11, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Legal Fees Jump 15 Percent over Two Years, Even as Billables Remain Flat, Study Says
(DBN)

Dewey to Pay Up to $1.38M to Destroy Unclaimed Client Records
(DBN)

Covington, Boies, Schiller, Schulte Roth: Business of Law
(DBN)

Malignant Leadership - A lack of effective oversight can allow even a well-intentioned managing partner to go bad
(DBN)

Having It All: So You Want to Be a Housewife?
(DBN)

Law Students Plan Preemptive Strike Against Their School’s ‘Regular’ Tuition Increase
(DBN)

Law School Transparency: A petition --- A view from the bench
(DBN)

In Defense of Law School: Because What Else Are You Going To Do With Yourself?
(DBN)

New Data on Hours, Billing Rates, and Corporate Legal Spending
(DBN)

Susskind: no future for BigLaw firms, but window of opportunity for mid-sized practices
(DBN)

Quote of the Day: But What About Peep-Toes?!
(DBN)

Top Law Firms Still Tops in Rates, Billable Hours
(DBN)

From Biglaw to Boutique: Mother of Invention
(DBN)

The Elevator Pitch Is Dead: Here Are 6 Better Ways To Persuade
(DBN)

Fujitsu's ScanSnap ix500 Features iOS and Android Scanning --- The Fujitsu ScanSnap iX500
(DBN)

Presenting Witnesses via iPad, Skype and Facetime
(DBN)

Bubonic Plague Didn’t Stop Former Lawyer
(DBN)

Glamorous Solicitor of the Year - 2012
(DBN)

Gibson Dunn employee charged with stealing $61k from her firm
(DBN)

Berkeley Bird Brain Pleads Guilty to Animal Cruelty Charge
(DBN)

Phoenix: Armed Volunteers to Hang Out at Schools
(DBN)

Report: Prominent Lawyer Took Teens’ Keys, But Got Court Summons re Alcohol-Fueled New Year’s Party
(DBN)

Former Texas DA to star in unscripted TV show involving unsolved crimes
(DBN)

Lawsuit: Girl forced to pee in cup on school bus
(DBN)

Lawyer Convicted of Taking 14-Year-Old to Canada for P--- Filming
(DBN)

Taco Bell Employee Handcuffs Himself To Co-Worker To Try To Get Date . . Gets A Ten-Year Sentence Instead
(DBN)

______________

Judges:

Overweight Women Continue to Be Judged Harshly for Everything, Everywhere — Including Courtrooms
(DBN)

The Funniest Justice, week 7: A funny direction
(DBN)

Top Pa. Court Nixes Colleague Justice’s Request for Halt of Campaign-Finance Case Trial
(DBN)

______________

Wall Street:

U.S. stock futures struggle for direction
(DBN)

Stocks close near session highs
(DBN)

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

______________

Layoffs:

AmEx Announces 5,400 Layoffs , Big Q4 Charge
(DBN)

Report: Time to Axe 700 Jobs Next Month, Save $100M
(DBN)

The Jobs With The Biggest Wage Growth (Law= #6)
(DBN)

How US states fared on jobless aid applications
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Food/Beverage:

Secret Restaurant Chain Files for Bankruptcy
(DBN)

Change of heart threatens Dempsey's Tully's bid --- Rivals seek to write Patrick Dempsey out of Tully's Coffee script
(DBN)

Supervalu's new CEO has a reputation as a turnaround guru
(DBN)

______________

Retailing:

How Greed Led To The Downfall Of Barnes & Noble
(DBN)

______________

Personal Finance:

Real People Confess Extreme Ways They've Tried To Save
(DBN)

______________

Municipalities:

Bankrupt Cities – 1; Pensions – 0
(DBN)

San Bernardino: City manager may leave
(DBN)

You'll be shocked by the real state of California's budget
(DBN)

Gov. Snyder: Emergency manager could still be coming to Detroit despite recent action
(DBN)

Can Detroit City Council's teamwork stave off bankruptcy ?
(DBN)

Michigan governor wants review team to assess Detroit cash flow
(DBN)

Benton Harbor Emergency Manager strives for transparency with meeting - AM 590 - FM 96.5 | WKZO Everything Kalamazoo
(DBN)

JeffCo finalizes first settlement agreement in bankruptcy case
(DBN)

California firm kicks off Libor lawsuits
(DBN)

Homeless Tour Guides Show Visitors A Darker Side Of The City
(DBN)

Gov. Jindal Proposes No Income, Corporate Tax
(DBN)

______________

Economy:

Jobless claims rise, but jobs market recovery intact
(DBN)

Middle Class Tax Breaks on the Line
(DBN)

Why Banks are Rushing to Sell US Debt
(DBN)

Don't mint that platinum coin! --- The Very Serious People Found Their Alternative To Minting A Trillion Dollar Platinum Coin
(DBN)

Well Done, Tim Geithner! --- Tim Geithner's Amazing Legacy In One Chart
(DBN)

Fed's Bullard Sees Difficulty Tying QE to Economic Levels
(DBN)

Fed Pays Government $88.9bn in 2012
(DBN)

Anyone Who Thinks America Has High Taxes Needs To Look At These Charts
(DBN)

This Chart Is For Anyone Who Thinks The US Has A High Level of Government Spending
(DBN)

Fitch: U.S. Credit Card Chargeoffs Close Out 2012 at Six-Year Low
(DBN)

Lobbyists Behind "Fix the Debt"
(DBN)

Paul Krugman: The Deficit Is Basically Solved
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

The latest foreclosure horror: the zombie title
(DBN)

US moves to halt junk home loans that fed crisis --- CFPB Unveils QM Definition And Ability-To-Repay Rule --- New Mortgage Rules Left Out Down Payments --- Ten Questions on the New Mortgage Rules --- In Tighter Loan Rules, Wiggle Room for Banks --- Consumer Groups Hate New Mortgage Rules
(DBN)

What Will Lew’s View Be on the Future of Fannie, Freddie?
(DBN)

Over 20 Million Americans Own Their Homes Outright
(DBN)

Foreclosure ranking for Omaha metro is a head scratcher
(DBN)

Ill. home listed at $25M sells for $3.1M
(DBN)

RBS: CRE CDO loans make a comeback
(DBN)

Homebuilder Stocks Look More Overpriced Than They Did During The Housing Bubble
(DBN)

____________

Health Care:

Highmark-WPAHS pact would stave off bankruptcy
(DBN)

The US Has Some Of The Worst Health Statistics In The Developed World --- New And Growing Network Of Hospitals Could Change American Health Care
(DBN)

US Could Save $2 Trillion on Health Care
(DBN)

Flu Hits 80% of America
(DBN)

Why Americans Die Younger Than People In Other Wealthy Countries
(DBN)

______________

Resorts:

U.S. government objects to Paulson hotel group's bankruptcy plan --- Wants Resort Sale Postponed to Clear Up Tax Issue
(DBN)

______________

Awards:

Jones Day Bankruptcy Group Law360 "Group of the Year"
(DBN)

______________

Banking:

Royal Bank of Scotland locked in negotiations over Libor settlement --- RBS reviews future of executives as Libor deal nears: source --- British Commission Slams UBS For Its Role in the Libor Scandal
(DBN)

Deutsche Bank Made Huge Profit On Libor During Financial Crisis --- Deutsche's Libor take a warning to Wall St.
(DBN)

Former UBS bosses accused of 'staggering' ignorance --- UBS Libor traders branded 'mercenaries' by former chief
(DBN)

San Mateo County Files Lawsuit Against Major Banks --- California Counties Want Millions From Banks for Fixing LIBOR
(DBN)

Warren Buffett personally guarantees that the banks he has personally invested in are great
(DBN)

______________

Environmental:

Feds suing RG Steel for environmental violations
(DBN)

______________

Student Debt:

Dick Durbin: ‘Disgraceful’ For-Profit Industry Sucks Tax Dollars, Ruins Lives With Debt
(DBN)

Student Debt: A Trillion Dollar Bubble
(DBN)

______________

Alternative Energy:

Car Companies XP Vehicles, Limnia Sue U.S. Over Loans
(DBN)

______________

Baseball:

Texas Rangers Baseball Partners, Tom Hicks settle lawsuit over millions used to buy land around Ballpark in Arlington
(DBN)

______________

Hedge Funds:

Hedge fund SAC Capital closes Chicago office, lays off staff
(DBN)

______________

Nutrition:

It turns out that it's actually quite hard to tell if Herbalife is (technically)a pyramid scheme
(DBN)

______________

Autos:

GM's Girsky must solve Opel conundrum
(DBN)

Chrysler's minority shareholder pushes for IPO
(DBN)

Union, Chrysler Spar over Auto Maker's IPO
(DBN)

______________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Recovery spurs decline in Maryland bankruptcies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Safe Harbors:

Under Construction: Further Broadening the Securities Settlement Payment Safe Harbor Under Section 546(e)of the Bankruptcy Code
(DBN)

______________

Recent Pleadings:

Nixon Peabody Redacts Its Rates In Employment App, Says Info "Commercially Sensitive" - UST Not Happy
(DBN)

______________

Litigation:

The Litigation Finance Contract
(DBN)

______________

Corporate Reform:

FBI's Washington Office Hones in on Financial Fraud Cases
(DBN)

Latest in private Libor cases: California city, counties file suit
(DBN)

______________

Brokers:

MF Global Parent Liquidation Plan Filed by Creditors --- MF Global creditors propose liquidation plan
(DBN)

______________

TBTF:

Did Hank Greenberg Get Anything Out Of AIG’s Decision Not To Sue The Government With Him?
(DBN)

______________

Aviation:

The last great American airline merger
(DBN)

Hawker Settles Dispute with Pilatus over T-6 Royalties
(DBN)

US Airways Spurs Job Rush as 16,500 Vie for 450 Vacancies
(DBN)

Ukraine’s Aerosvit Cancels Flights, Government Helps Passengers
(DBN)

The Best Airlines For Leisure And Business Travel
(DBN)

Airlines Extract $6bn in Fees from Passengers
(DBN)

______________

Debt Collection:

Bill Bartmann Reiterates Call to Suspend Debt Collection Lawsuits
(DBN)

______________

Software:

Goldman Sachs Tells Jury Dragon Rushed Toward Doomed Deal
(DBN)

______________

Pharma:

KV files reorganization plan with court
(DBN)

______________

Agriculture:

Grant Family Farms liquidates; lender wants crops
(DBN)

USDA suspends PACA licenses of two Custom Cuts companies
(DBN)

______________

Book Reviews:

"Director and Officer Liability in Financial Institutions"
(DBN)

______________

Soccer:

Deportivo seeks help in debt fight
(DBN)

______________

Sovereigns:

Argentina Bondholders Lose Bid to Get State-Court Review
(DBN)

Evading Singer's Dragnet Means $880,000 Flight
(DBN)

Drawing the Wrong Lessons From Argentina's Debt Mess
(DBN)

______________

PIIGS:

Spain Beats Maximum Target in First 2013 Debt Sale --- Horrendous Drop In Spanish Industrial Production
(DBN)

Greece: Jobless rate keeps rising --- Youth unemployment nears 60% --- Court Cuts Jobless Mother’s Debt 90%
(DBN)

______________

Canada:

Fraud whistleblower admits to his own financial scam
(DBN)

______________

Croatia:

Bosnian entity's oil terminals in Croatian seaport face bankruptcy
(DBN)

______________

Cyprus:

EU's Rehn rules out Cyprus debt restructuring
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013