January 24, 2013

The Daily Bankruptcy News

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Law:

North Country for Old Howrey Men --- Judge Certifies Class in Howrey WARN Act Suit, but Recovery Far From Certain
(DBN)

New Settlement Bodes Well for Howrey Creditors
(DBN)

Baker & McKenzie, Patton Boggs, Jones Day: Business of Law
(DBN)

An Open Letter to Lawyers Young and Old
(DBN)

Law firm diversity: Women still seeking parity
(DBN)

Michelle Obama's New Coif—A "Do" or a "Don't"?
(DBN)

Women Lawyers Who Work Flexibly Are ‘Put Onto The Slow Stream’
(DBN)

UK: Women Lawyers Earn £50K Less Than Their Male Counterparts
(DBN)

Report Finds Law Firm Culture Well-Suited for Failure
(DBN)

Mashma-who?
(DBN)

Due Diligence For Lateral Partner Candidates
(DBN)

Court Relaxes Bona Fide Office Rule, Lifting Need for Physical Location
(DBN)

Corporate Client Tests Corporate Counsel Tech Skills
(DBN)

Is the GC the Conscience of the Company? Maybe Not --- General Counsel are One Conscience of the Company
(DBN)

Hausfeld Makes Bid to Squash Explosive Suit by Ex-Partner
(DBN)

Stealth Lawyer: Nathan Sawaya, Lego Brick Artist
(DBN)

1 lawyer arrested, 1 lawyer goes to hospital after courthouse fray
(DBN)

Law firm resolves ERISA case, must repay $1M in worker retirement assets
(DBN)

Lawyer is shocked at nasty response to Craigslist ad, says he was offering a service to law grads
(DBN)

Did Greenberg hide tea-time document incineration accident? Claim won’t be heard; case is tossed
(DBN)

Is lawyer ‘a drug dealer, a pimp and a murderer’?
(DBN)

'The Baddest Lawyer In The History Of New Jersey' Goes On Trial Again
(DBN)

Lawyerly Lairs: An M&A Maven’s Magnificent Manse
(DBN)

The top excuses for making law school so absurdly expensive
(DBN)

Are B------ Now Considered Deadly Weapons?
(DBN)

Republicans: Gays Are So Powerful They Don't Need Marriage Equality
(DBN)

Stop Her, Before She Shovels Again!
(DBN)

8 of the strangest lawsuits making headlines
(DBN)

Could The Legal Profession Be On The Brink Of A Thrilling New Era Of Sartorial Elegance?
(DBN)

Highway Patrol Settles Case Of Pregnant Woman Being Thrown To Ground and Hogtied After Talking On Her Cellphone While Driving
(DBN)

Law School Recalls Grades Because Teachers Couldn't Figure Out How To Inflate Them In Time
(DBN)

Say What?!
(DBN)

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Judges:

Sotomayor: Lawyering is a gift, and unhappy lawyers should ‘go back to square one’
(DBN)

Sotomayor’s fitness tip
(DBN)

Yes, it was a joke by Supreme Court's Thomas
(DBN)

The judge who rules on business
(DBN)

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Wall Street:

Stock futures signal losses; all eyes on Apple
(DBN)

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Layoffs:

Union Membership Falls to Record 11.3% in U.S.
(DBN)

Lowe's to Hire 45,000 for Spring (Only)
(DBN)

Job Placement Programs Don't Work
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Bankruptcy Court Grounds American Airlines Noteholders’ Make-Whole Claim
(DBN)

US Airways' profit soars amid strong demand
(DBN)

Judge approves American Airlines acquisition of Boeing, Airbus jets
(DBN)

Parker: We got nothing to say about an American Airlines merger
(DBN)

Jet repossession row could scare off funds
(DBN)

Could This Industry Shift Bankrupt Every National Airline?
(DBN)

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Oil/Gas:

ATP Seeks Court Permission to Auction Deepwater Properties
(DBN)

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Municipalities:

MO Lawmakers Seek to Reform Failing Second Injury Fund
(DBN)

City Bankruptcies: The Wild West of Financial Law
(DBN)

Municipal Bankruptcy Can Restore Financial Stability
(DBN)

San Bernardino: City sticks with its own police force
(DBN)

State changing the hiring rules for Michigan's emergency financial managers
(DBN)

Moody’s downgrades City of Poughkeepsie’s rating
(DBN)

Santa Ana official credited with avoiding city bankruptcy fired
(DBN)

California Preventing Former RDAs From Spending Bond Proceeds
(DBN)

How Rare Are Municipal Bankruptcies?
(DBN)

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Food/Beverage:

Investment firms plan to team up on Hostess bid
(DBN)

Subway suit says ‘footlong’ sandwiches don’t measure up
(DBN)

Back Yard Burgers ready to emerge from bankruptcy with new CEO
(DBN)

Subway Hit With Class Action Lawsuit After Photo Of Too-Short Sub Went Viral
(DBN)

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Banking:

U.S. Bank Deposits Drop Most Since 9/11 as FDIC Support Ebbs
(DBN)

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Autos:

How GM Was Brought Back from the Brink
(DBN)

______________

Economy:

House votes to suspend debt limit --- New Details on GOP's Debt Ceiling Bill
(DBN)

IMF Forecasts Modest Global Economic Growth, at Best
(DBN)

There's Been A Pretty Big Change In How People Are Talking About The Deficit
(DBN)

Many Young People Will Die in Debt, but Hopefully Not From Debt
(DBN)

Fitch: Belt-Tightening Continues for U.S. Consumer; Bankruptcies to Drop Again
(DBN)

Wealth effect creeps back into American households
(DBN)

Wall Street's $11bn Tax Windfall from Bailout
(DBN)

Stephen Roach: Fed Just Doubled Down on Plan that Led Us into Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Good News for Lenders! Minor Errors in Deeds of Trust Less Costly As Result of New Bankruptcy Court Opinion
(DBN)

US MBA Mortgage Applications Index Increased 7% Last Week
(DBN)

Ky. AG files suit against national mortgage registry --- Says firm was created to dodge mortgage fees
(DBN)

Mortgagees Beware: Your Dragnet May Have A Hole In It ...
(DBN)

Number of homes entering foreclosure drops 22.1% to six-year low
(DBN)

HI: Judge dismisses Chapter 11 filing for mortgage brokers
(DBN)

Report: California's pending home sales dipped in December
(DBN)

Mortgage delinquencies tick up in December
(DBN)

Long-Term Vacant Properties: Part I - How The Crisis Emerged
(DBN)

FHFA says settlement reached with GE in mortgage case
(DBN)

Mall REITs May Decline In 2013 As Vacancies Remain High And Property Sales Continue
(DBN)

____________

Fraud:

NCAA investigating its investigators; MSU's Lou Anna K. Simon 'deeply disappointed' -- Enforcement staff members worked with the defense attorney for Ponzi scheme architect Nevin Shapiro “to improperly obtain information form a bankruptcy proceeding" --- NCAA Says It Broke Own Rules --- Curious timing to NCAA announcement on Miami probe
(DBN)

Court Orders Some Stanford Ponzi Victims to Pay Money Back
(DBN)

Ex-UBS Trader Hayes Said to Seek NatWest 3 Man’s Advice
(DBN)

Fewer Investors Are Suing Corporate America For Fraud
(DBN)

______________

Politics:

Delay becoming the norm for US gov't
(DBN)

______________

Photography:

New Development in Kodak's Efforts to Emerge From Bankruptcy --- Approval for $844 Million Bankruptcy Financing
(DBN)

Kodak retirees group sells claim for $70 million
(DBN)

______________

Gambling:

Bankruptcy trustee drills into casino developer's bank box
(DBN)

______________

Debt Collection:

In 2013, debt collection is big business -- really big
(DBN)

______________

Education:

Education Holdings Wins Interim-Financing Court Approval
(DBN)

Moody's : Outlook for higher ed sector now negative
(DBN)

______________

Corporate Governance:

Board Takeaways for 2013
(DBN)

Strine Blasts 'First-Filed' Rule in Harvard Law Paper
(DBN)

Best Practices for Corporate Internal Investigations
(DBN)

______________

Agriculture:

Grant Family Farms let organic license lapse
(DBN)

______________

Tax:

IRS Gives Up on Regulating Tax Preparers
(DBN)

______________

Accounting:

Tax advice not secret like legal counsel, UK court rules
(DBN)

______________

Corporate Reform:

Former officials tell hedge funds: Be ready for the regulators
(DBN)

______________

Media:

Reporter Bankrupted After Being Ordered To Pay Damage For Test Drive In Porsche 917
(DBN)

______________

Pharma:

Ipsen and Inspiration Biopharmaceuticals Enter into an Asset Purchase Agreement with Baxter International on OBI-1
(DBN)

______________

Video Games:

Court Grants Motion to Approve Sale of THQ Inc. Assets
(DBN)

______________

Furniture:

Carls Patio ownership changes due to bankruptcy filings
(DBN)

______________

Software:

Goldman not negligent in arranging Dragon sale - jury
(DBN)

______________

Corporate Reform:

The Real Story Of How 'Untouchable' Wall Street Execs Avoided Prosecution
(DBN)

______________

Mass Torts:

Avandia case: the new normal for plaintiffs' fees in mass torts?
(DBN)

Creditors move to freeze assets of meningitis pharmacy owners
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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: Hunton in for Atari, as Other Am Law Firms Get Boost from Overseas Assignments
(DBN)

Bill on Bankruptcy: AMR Make-Whole Opinion Vulnerable on Appeal
(DBN)

______________

Bankruptcy Statistics:

OC bankruptcies fall to lowest level since 2009
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims:

Climbing the Priority Ladder: Rules Governing The Priority of Prepetition Unsecured Federal Income Tax Claims In Bankruptcy
(DBN)

______________

Sales:

Hostess creditors object to high break-up fee in Flowers Foods deal
(DBN)

_____________

Plan Confirmation:

Absolute priority rule a debtor's Catch-22
(DBN)

______________

Asset Protection:

Asset Protection: Business Owners Beware!
(DBN)

______________

Health Care:

Future of Bronx hospital hangs on competing takeover bids
(DBN)

Competing Offer Threatens Montefiore Med Center's Acquisition of N.Y. Westchester Square Med Center
(DBN)

Moody's: Financial Risks Keep Non-Profit Hospital Outlook Negative in 2013
(DBN)

Judge: Bankrupt nursing home can't avoid judgment in fatal overdose
(DBN)

______________

Defaults:

Moody's: US Corporate Family Defaults Remain Steady in Q4 2012
(DBN)

______________

Video Rentals:

Blockbuster busted? Co. reps mum
(DBN)

______________

Sovereigns:

Why Argentina Is Accusing the US of "Legal Colonialism"
(DBN)

Schroders EM bond duo take bet on Argentinian debt
(DBN)

______________

UK:

Mark Sands appointed as Deputy Vice President of the Insolvency Practitioners Association
(DBN)

Deloitte administrators given hope on HMV future
(DBN)

Jersey's bankruptcy law 'could be updated'
(DBN)

Jessops brand buy-out: Restructuring specialist in frame
(DBN)

______________

EU:

Eurozone forecast cut, but Lagarde is optimistic
(DBN)

11 EU Members Agree to Robin Hood Tax
(DBN)

______________

PIIGS:

Rogoff Says Europe Must Put Greece in ‘Outer Orbit’ to Save Euro
(DBN)

Portugal gets $3 BN in 1st bond sale since rescue --- Portugal's ENVC Shipyard Faces EU Probe Over Government Aid
(DBN)

Lagarde list panel to start calling witnesses --- Budget meets the targets set for 2012
(DBN)

Spanish joblessness climbs again, no relief in sight --- Spanish Youth Unemployment Is On The Verge Of Breaking 60%
(DBN)

______________

Canada:

Nortel wins court approval to settle with US employees
(DBN)

______________

France:

French Factory Confidence Drops, Heightening Recession Risk --- French Flash PMI Comes In Horrible
(DBN)

Renault warns factory closures inevitable if no wage deal
(DBN)

______________

Germany:

Germany Shows Why It's An Economic Miracle Once Again
(DBN)

______________

Netherlands:

Record number of bankruptcies recorded in Netherlands in 2012
(DBN)

______________

Australia:

Bosses seek cost cuts, restructuring
(DBN)

______________

China:

China's first bond default averted again after local govt steps in
(DBN)

$2.1 Trillion Powder Keg Near The Heart Of The Chinese Banking System
(DBN)

China Manufacturing Expands at Fastest Pace in Two Years
(DBN)

______________

Cyprus:

IIF?s Dallara warns against underestimating Cyprus crisis
(DBN)

______________

India:

HDIL dismisses rumors of bankruptcy ; stock tanks over 30% in 3 days
(DBN)

______________

 

 

 

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