January 14, 2013

The Daily Bankruptcy News

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Law:

What Legal Industry Crisis? One Houston Firm Is Paying First-Years A Staggering Salary
(DBN)

The $160K-Plus Club Welcomes A New Member
(DBN)

Why are lawyers such terrible managers? --- Culture of abuse and fear?
(DBN)

Hogan Lovells, White & Case, McDermott: Business of Law
(DBN)

Pillsbury Winthrop and Dickstein Shapiro end merger talks
(DBN)

What’s a ‘Business Issue’?
(DBN)

5 Document Essentials to Avoid Client Disconnects
(DBN)

Skadden Hits 2012 Trifecta by Topping Third Year-End Ranking of M&A Advisers
(DBN)

The 'Casablanca' Theory of Diversity
(DBN)

Listening to What Corporate Clients Expect from Outside Counsel
(DBN)

Former In-Houser Faces up to Life in Prison if Convicted
(DBN)

You Better Get Better
(DBN)

Lat: Law Firms Must Get Big, Profitable or Lost --- Measured Comeback' for BigLaw; Associate Bonuses Rising
(DBN)

Finally, a smart argument to ignore the stats and go to law school anyway
(DBN)

Berkeley Law Student Pleads to Animal Cruelty
(DBN)

Law Professor Sues School For Putting Him On ‘Keep It In Your Pants’ Leave
(DBN)

Law School Transparency: She's just not that into you --- Update on collapsing applications to law schools
(DBN)

The Law School Story of 2012—Deans in Denial
(DBN)

What Should You Take Notes On When Your Professor Won’t Discuss the Law?
(DBN)

FDR did fine without a 3L year
(DBN)

Who Would Run A Law School If Law Schools Were Run More Successfully?
(DBN)

Quote of the Day: This Law Prof’s ‘Extra Credit’ Came Much More Quickly Than Desired
(DBN)

Law Firm Diversity: Women still seeking parity
(DBN)

Legal Aid Attorney Dies After Alleged Domestic Strangling
(DBN)

Feds take back reprimand of gassy worker
(DBN)

That Intern Didn't Work Out ...
(DBN)

Judge Dismisses Malpractice Case Stemming from Firm’s Pro Bono Work
(DBN)

The Shadow Over the Practice of Law
(DBN)

Dear Laid-off Law Partner, Come teach computers with us!
(DBN)

Homeowner shoots intruder trying to strangle pet dog
(DBN)

Illinois Priest Was Trapped In Bondage Gear Because He Put His Handcuffs On Upside Down
(DBN)

Cops: Deaf Man Stabbed After Sign Language Mistaken For Gang Signs
(DBN)

Real-Life Bankruptcy Figures Into ‘Downton Abbey’ Plot
(DBN)

Two armed strangers rescue man robbed at gunpoint
(DBN)

Cops: 4 adults murder, rob 2 friends, continue party
(DBN)

Attorney For Christian Anti-Gay Group Arrested For Having Sex With Teenage Girl
(DBN)

History: The Problem with the Second Amendment
(DBN)

Indiana Boy Who Disappeared in 1994 Is Alive and Well in Minnesota
(DBN)

Providing Interpreter for Deaf Lifeguard May Not Be Unreasonable Accommodation, 6th Circuit Says
(DBN)

Police Shoot Blind Stroke Victim With Taser In Back In Fear That His White Stick Was A “Samurai Sword”
(DBN)

Mug Shots
(DBN)

Meet The Lawyer Who's Defending One Of America's Most Notorious Alleged Killers
(DBN)

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Judges:

Justice Scalia Made A Smart Argument For Kids' Right To Play Violent Video Games
(DBN)

Clarence Thomas Affirmative Action Views
(DBN)

Sotomayor set to hit the book tour circuit --- Sotomayor tells life story shaped by disease, overcoming adversity --- Role affirmative action played in her life --- Sold Wedding Ring To Pay For Divorce --- Sonia From The Bronx
(DBN)

Roy Moore re-elected in Alabama: Ten Commandments supreme court chief justice still fighting gay marriage, evolution
(DBN)

CA Courts: Austere Budgets Are the New Normal
(DBN)

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Wall Street:

US stock futures see slight gains
(DBN)

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Layoffs:

Ford to hire 2,200 salaried workers in the US this year
(DBN)

I'm unemployed and hopeless
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Bank earnings expected to show healthier future
(DBN)

JPMorgan Whale Report Blaming Dimon
(DBN)

O.C. power couple have it all blow up
(DBN)

Failure of small bank is the first for 2013
(DBN)

Bank of America Agrees to Settlement of Merrill Claims
(DBN)

Deutsche Bank Libor Probe Should Be Public: Lawmakers
(DBN)

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IP:

Kodak gets Bankruptcy court OK for patent sale
(DBN)

What Will Apple and Google Do With These Patents?
(DBN)

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Celebs:

Judge: Tully's Coffee to Go to Patrick Dempsey's Group
(DBN)

Patrick Dempsey's Charm Helped Him Win Tully's, Says Starbucks
(DBN)

Gary Dourdan -- Getting Killed Off 'CSI' Left My Finances DOA --- Super Broke – Owes More Than He's Worth
(DBN)

Bodyguard Claims Justin Bieber Assaulted Him & Owes Him Money
(DBN)

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Religion:

First Amendment no protection for Archdiocese cemetery funds
(DBN)

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Telecoms:

Nortel's legal mess pits bondholders against retirees
(DBN)

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Brokers:

MF Global Customers to Get Bigger Payments
(DBN)

MF Global creditors propose liquidation plan
(DBN)

Regulator Turns to Peregrine Executives for Fixes, Details on Fraud
(DBN)

Citigroup, Silver Point Push MF Global Parent for Payment
(DBN)

Former broker Penson Worldwide files for bankruptcy
(DBN)

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MLM:

Blyth’s Blight Continues to Dismay Shareholders
(DBN)

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Entertainment:

Geritol Follies faces bankruptcy
(DBN)

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Awards:

AlixPartners’ Michelle Repko Named to Board of IWIRC’s New York Chapter
(DBN)

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Mass Torts:

Claimants’ witness in asbestos bankruptcy case: Chrysotile can cause mesothelioma
(DBN)

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Coal:

Union targets Peabody, Arch with ad campaign
(DBN)

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Economy:

Higher Payroll Tax Already Biting Into Consumer Spending
(DBN)

Drought: US Food Prices Going Up
(DBN)

One in three Americans have no paid sick days
(DBN)

Middle class tax breaks on the line
(DBN)

The US Deficit Almost Completely Disappeared In December
(DBN)

The True Story Of The Time JP Morgan Saved America From Default By Using An Obscure Coin Loophole
(DBN)

A Trillion-Dollar Coin Brings a Jackpot of Jests --- White House Says No to Trillion Dollar Coin
(DBN)

Here's what will happen if we don't raise the debt ceiling
(DBN)

Excellent Explanation Of Money
(DBN)

US already has high elder poverty rate; how can cutting Social Security even be on the table?
(DBN)

Citi Reveals The Most Likely Debt Ceiling Endgame, And Why It's Bad News For The US Dollar
(DBN)

McConnell Shreds Senate Democrats On Debt Ceiling Letter And Slams The Trillion-Dollar Coin As 'Ridiculous'
(DBN)

Gary Shilling: 5 Years Of Deleveraging
(DBN)

A boom-time debt product is back with a vengeance
(DBN)

The World's Happiest Nations: U.S. Falls Out Of The Top 10
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Municipalities Look at Eminent Domain to Revive House Sales
(DBN)

Mere Billions - Bank Fines A Pittance?
(DBN)

Obama Administration: Housing prices up, inventory down
(DBN)

See How Much House You Can Get For $450,000
(DBN)

Another Look at "Real" Homeownership
(DBN)

ResCap creditor hope
(DBN)

U.S. Opposes ResCap Bonus Plan
(DBN)

Looking Back: BofA-Countrywide Debacle
(DBN)

New Mortgage Rules: The Reviews Come In
(DBN)

Banks believe they can live with mortgage-underwriting rule
(DBN)

Usury Laws Are Dead. Long Live the New Usury Law. The CFPB's Ability to Repay Mortgage Rule
(DBN)

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Retailing:

JC Penney shares slide as UBS sees worse holiday sales
(DBN)

______________

Municipalities:

San Bernardino needs CalPERS support in bankruptcy case
(DBN)

San Bernardino: Sheriff provides policing proposal to city --- Report: Sheriff would cost more to police San Bernardino
(DBN)

To Serve and Protect—Police Pensions
(DBN)

Courts, Not Politicians, Should Control Detroit Bankruptcy
(DBN)

Benton Harbor's Emergency Manager being replaced
(DBN)

Allen Park: Large crowd for first ‘coffee with the emergency financial manager’
(DBN)

Detroit's Financial Review By State Of Michigan Could Lead To Emergency Manager
(DBN)

Jefferson County Commission to meet privately Monday with lawyers to discuss bankruptcy
(DBN)

Gary mayor seeks brighter future for troubled city
(DBN)

Court says Kansas must increase school funding, slams tax cuts at the same time of school cuts
(DBN)

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Aviation:

AMR asks for reorganization plan extension --- AMR, American Airlines and creditors committee want more time to submit a plan of reorganization
(DBN)

US Airways president gains $1.37 million from stock sale
(DBN)

Four largest U.S. carriers cut capacity in 2012
(DBN)

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Food/Beverage:

5 Hostess Bread Brands Will Be Saved
(DBN)

Flowers Foods agrees to buy Wonderbread from Hostess Brands
(DBN)

Sticky Math Behind Hostess: How Much Are Twinkies And Wonder Bread Worth?
(DBN)

Three Legged Monkey Bar Wins In Bankruptcy Court --- The Opinion
(DBN)

The 8 Best Vegetarian Restaurants In Manhattan
(DBN)

Who comes out looking good in Supervalu's fire sale ? --- Cerberus bags five Supervalu chains in $3.3B deal --- Indecent Proposal for SuperValu?
(DBN)

Judge Sets Conference in Dippin' Dots Bankruptcy
(DBN)

______________

Electricity:

City of Great Falls awaits trustee's plan in power bankruptcy
(DBN)

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Consultants:

AlixPartners Promotes 27 to Senior Positions Globally
(DBN)

______________

Media:

The story behind Tribune's broken deal --- Warning signs before the buyout
(DBN)

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Hardware:

Handy Hardware Wholesale Files for Bankruptcy Protection
(DBN)

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Distressed Investing:

LightSquared Bankruptcy: An Opportunity For Distressed Debt Investors?
(DBN)

______________

Video Games:

THQ Bankruptcy Has Double Fine's Attention
(DBN)

THQ nets final approval of debtor-in-possession loan
(DBN)

______________

Alternative Energy:

Group With Ties to Johnson Controls Protests A123 Sale to Wanxiang
(DBN)

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Education:

Apollo Group Continues Its Freefall Amidst Its Freefall
(DBN)

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Politics:

Elizabeth Warren hires Barney Frank's chief of staff
(DBN)

Bachmann Staffers Complain About No Pay
(DBN)

______________

Newspapers:

Condos Replace Newsrooms as U.S. Papers Sell Real Estate
(DBN)

______________

Corporate Governance:

Comparison of Corporate Governance Principles and Guidelines
(DBN)

Selected Issues for Boards of Directors in 2013
(DBN)

______________

Accounting:

Big 4 Revenue Bigger Than Ever in 2012
(DBN)

______________

Mail:

Postal Service's fiscal cliff coming this spring
(DBN)

______________

Debt Collection:

Wrong Man Gets Six Years Of Harassing Debt Collection Calls
(DBN)

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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 (47 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

The Bankruptcy Files: Sidley Tops $100 Million Mark in Tribune Case
(DBN)

______________

Bankruptcy Statistics:

Nebraska bankruptcy filings fall to prerecession levels
(DBN)

Business bankruptcies fall in Passaic and Bergen
(DBN)

AZ bankruptcy filings decline more than 22%
(DBN)

Albany bankruptcies sink to lowest point in seven years
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Firms in Chapter 11 Face Fast Trip to Auction Block
(DBN)

______________

Bankruptcy Bonuses:

US Trustee objects to ResCap's proposed bonus plan
(DBN)

______________

Personal Bankruptcy:

Consumer Chapter 11: When Big Bankruptcies Get Personal
(DBN)

______________

Privilege:

Delaware Bankruptcy Court Refuses Opportunity to Create Broad Mediation Privilege from Local Rule
(DBN)

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Recent Pleadings:

 

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Litigation:

Vacation Notices -- So Now There's a Problem?
(DBN)

______________

TBTF:

AIG Sues The New York Fed --- No One Should Be Freaking Out About This AIG Suit Against The NY Fed... Yet
(DBN)

______________

Insurance:

D&O liability rates will continue to increase in 2013
(DBN)

Mo. receivership cases end for 2 insurers
(DBN)

______________

Dot-Coms:

A dance that never ends: Comdisco in bankruptcy
(DBN)

______________

Personal Finance:

50 Ways To Improve Your Finances In 2013
(DBN)

______________

Agriculture:

Grant bankruptcy leaves hole on locavore plates
(DBN)

Grant Family Farm owner talks about filing for bankruptcy
(DBN)

______________

Bankruptcy Crimes:

Erie trustee in Telatron case makes criminal referral
(DBN)

______________

Resorts:

Greek Peak survives - buyer still sought
(DBN)

______________

Health Crimes:

Fitch Ratings downgrades West Penn Allegheny's $726M in bond debt
(DBN)

Highmark, West Penn Bondholders Agree to Skirt Bankruptcy
(DBN)

Healthcare Law Third Most Popular Legal Area for Jobs in 2013, Survey Shows
(DBN)

______________

Autos:

Treasury’s ‘Corvette Geeks’ Helped Save Car, GM Engineer Says
(DBN)

Michigan Auto Production Highest Since 2007
(DBN)

______________

Fraud:

Government moving on more Allen Stanford properties
(DBN)

Investors Sue Astor Weiss Over Client's $54 Million Ponzi Scheme
(DBN)

Rothstein investors have 30 days to seek punitives
(DBN)

Stanford Receiver Seeks Approval for 1 Percent Interim Payout
(DBN)

Madoff Says Merger Arb. Is Insider Trading
(DBN)

______________

Sovereigns:

Sovereign debt expert keeps emerging markets faith
(DBN)

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

______________

UK:

Conflicts of Interest in Insolvency - A Warning to Practitioners
(DBN)

2012 channel insolvency carnage second worst since 2003
(DBN)

Jessops - Suppliers are architects of its downfall and will ultimately damage themselves
(DBN)

UK finance job sackings and suspensions at five-year high
(DBN)

______________

EU:

Once Again, Investors Are Saying Europe Is The Biggest Risk To The Markets
(DBN)

Draghi May Regret a Stronger Euro
(DBN)

Euro zone factory output falls, may have hit bottom
(DBN)

______________

PIIGS:

Italy’s Military Cuts Highlight an Austerity Paradox --- Italy’s 3-Year Funding Costs Near 3-Year Low
(DBN)

Greece: Electricity rates climb by 9 percent --- State bodies owe PPC 170 mln euros --- Experts come to help Greece collect taxes
(DBN)

______________

Canada:

D-Day for former Nortel execs
(DBN)

For Nortel talks, it's now or never
(DBN)

______________

China:

China's Auto Growth Comes To A Screeching Halt
(DBN)

Latest chapter in Saab story now set in Qingdao
(DBN)

US 'green-car' maker Fisker seeks salvation in China
(DBN)

______________

Cyprus:

Moody's downgrades Cyprus by three notches
(DBN)

Could Cyprus Bring Down the Euro?
(DBN)

Russia hints at laxer Cyprus debt rules
(DBN)

______________

Russia:

Russia's top basketball club on verge of bankruptcy
(DBN)

______________

MENA:

Dubai Group settles lawsuit over $1.5 billion of debt
(DBN)

______________

Iceland:

Iceland Needs Krona Guarantees to Grant Bank Creditors Waivers
(DBN)

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