January 25, 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:

Judge Slashes Fees in Dewey Bankruptcy
(DBN)

Law firms face real disruption from virtual rival
(DBN)

Bankruptcy expert sees defense, media as vulnerable in 2013
(DBN)

Morgan Stanley lawyer had joke names for toxic assets sold overseas, including ‘subprime meltdown’
(DBN)

How to create opportunity for newbie lawyers? Cut their BigLaw salaries, law prof says
(DBN)

Working from Home
(DBN)

My Boss / My Self
(DBN)

A&O to lay off US and Euro support staff as near-sourcing implemented
(DBN)

Eversheds set to cut up to 166 jobs in latest redundancy round
(DBN)

Jones Day Names M.&A. Partner to Head New York Office
(DBN)

Citigroup Plaintiff Lawyers Fire Back At Fee Objectors
(DBN)

Building Your Vocabulary Can Hurt Your Writing
(DBN)

Farming the Green Space: Identifying the Best Business Development Opportunities for Your Practice
(DBN)

Penn State Law Dean Flees To China
(DBN)

Anatomy of a Law School Collapse
(DBN)

'Going To Law School Was The Biggest Mistake Of My Life'
(DBN)

Vulture culture
(DBN)

Attorney files gender suit against Wilmer Hale --- Suit claims WilmerHale fired counsel for taking adoption leave
(DBN)

Female Lawyers: Don't risk the Wednesday 3:30 P.M. looks fade-out
(DBN)

Knives Came Out After Menage Failed To Occur
(DBN)

Man Wearing "Breathalyzer" T-Shirt Arrested For Sixth Time For Drunk Driving
(DBN)

Meet Samantha Kurdilla
(DBN)

Mug shots
(DBN)

Man 'forced fiance to swallow engagement ring when she tried to leave him'
(DBN)

Man Could Face Criminal Charges For Killing A Pit Bull That Was Attacking His Neighbor
(DBN)

Man Suffers a Medical Golgotha
(DBN)

Krazy Glue May Not Really Be “All Purpose”
(DBN)

When Neighbors With Lots of Money Sue
(DBN)

Man Calls 911 Ten Times Asking for a Ride to Mexico
(DBN)

Goat found not guilty
(DBN)

Say What?!
(DBN)

______________

Judges:

You Be The Judge: Can Judges Order Fines For Outside Their Jurisdiction?
(DBN)

______________

Wall Street:

Stock index futures signal mixed Wall Street open
(DBN)

US stocks close in a split
(DBN)

S&P 500 passes 1,500 for first time since 2007
(DBN)

How Apple ate Wall Street
(DBN)

Goldman Made $400M on Food, People Starved
(DBN)

______________

Layoffs:

United Continental to cut 600 front-office jobs
(DBN)

Ex-Vertis employees picket outside Stevensville plant
(DBN)

Dollar General Plans to Hire 6,000
(DBN)

Job Cuts, Job Cuts and More Job Cuts; Is Lanny Breuer Leaving DOJ?
(DBN)

Jobs recovery favors highly educated workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Religion:

Milwaukee Archdiocese says it's going broke
(DBN)

______________

Mass Torts:

Attorney: Pharmacy tied to outbreak paid out $70M
(DBN)

Judge to appoint trustee in Mass. pharmacy case
(DBN)

WR Grace raises asbestos liability to over $2B
(DBN)

______________

Food/Beverage:

Can Twinkies make a comeback? --- Bids for Hostess bode well for Twinkies
(DBN)

Hostess Seeks End to Sparring With Unions Over Sales
(DBN)

Subway: Size matters
(DBN)

______________

Health Care:

Judge orders Carraway to open its books
(DBN)

Sale of Westchester Square Medical Center to Montefiore  approved Thursday by federal bankruptcy judge
(DBN)

Hospital parent company emerges from bankruptcy
(DBN)

West Penn-Highmark Transaction Costs to Surpass $1.6B
(DBN)

Highmark Asks Court to Order UPMC to Return Confidential Documents
(DBN)

______________

Banking:

Dimon Hits Out at Bank Regulators --- Tired of Banks Being Scapegoated
(DBN)

First Financial Announces Loan Sale on Behalf of FDIC
(DBN)

Libor Suit List Shows Barclays Probe Spanned NY to Tokyo
(DBN)

Withdrawn: $114 Billion From Big U.S. Banks
(DBN)

Morgan Stanley CEO to Take Pay Cut for 2012
(DBN)

UK judge rejects Barclays' LIBOR anonymity bid
(DBN)

______________

Alternative Energy:

A123 Systems envisions Feb. 1 sale close
(DBN)

Solarworld Bonds Plunge With Shares on Push for Debt Revamp
(DBN)

SolarWorld CEO says creditor talks could take months
(DBN)

______________

Credit Cards:

New Credit Card "Checkout Fee" Arrives This Weekend
(DBN)

______________

Tax:

IRS to Appeal Ruling on Licensing Preparers
(DBN)

______________

Debt Collection:

Debt Collectors Are Infiltrating Facebook To Track Down Delinquent Borrowers
(DBN)

Debt collection attorney gets letter containing white powder
(DBN)

Deadbeat patients in cross hairs
(DBN)

Four Seasons sues NAACP for alleged unpaid bill
(DBN)

______________

Economy:

Weekly Jobless Claims Keep Up Steady Move Lower --- Are Missing Numbers From California Behind The Drop In Jobless Claims Again!?
(DBN)

It's Official: Worst. Recovery. Ever. --- US Economy is Slowing Down
(DBN)

IMF: Global Recovery Weakening
(DBN)

Timothy Geithner's Legacy
(DBN)

Fed Pushes Into ‘Uncharted Territory’ With Record Assets
(DBN)

Interest Rates Could Spike This Year: Soros
(DBN)

Rise in Leading Index Signals US Expansion Into 2013
(DBN)

6 Members Of The Walton Family (Walmart)Have As Much Money As The Bottom Third Of The US
(DBN)

Trucking Economist: Q1 Will be Weak
(DBN)

Roubini Gets Optimistic: 'Things Are Less Worse'
(DBN)

The biggest problem with the US deficit? It's shrinking too quickly
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Shiller: All This Housing Optimism Is Way Too Premature
(DBN)

Timothy Geithner: Solving Housing Crisis 'Just Was Not Possible'
(DBN)

Eminent domain shelved in San Bernardino
(DBN)

30-year mortgage rate rises to 3.42%
(DBN)

ResCap to Pay Fannie Mae $298 Million to End Objection --- Settlement to permit sell-off
(DBN)

At Builders’ Show, an Upbeat Forecast for Housing
(DBN)

Inside the Foreclosure Reviews
(DBN)

Lenders must provide free copies of appraisals
(DBN)

California Foreclosure Activity Drops as 2013 Begins
(DBN)

Fannie Mae: Housing will pave the way in ‘new normal’ economy
(DBN)

Mortgage Brokers Group Blasts CFPB's Compensation Rule
(DBN)

Bankruptcy filing stalls Jones Block building auction
(DBN)

Long-Term Vacant Properties: Part II - Strategies For Healing
(DBN)

23-Year-Old Squatter Occupies Empty $2.5 Million Mansion
(DBN)

____________

Corporate Reform:

Obama's Nominations Today Could Scare The Pants Off Of Wall Street Execs --- Just what doctor ordered --- Incoming SEC Chairwoman Has 'Mandate' To Go After White Collar Criminals
(DBN)

Mary Jo White's Greatest Hits
(DBN)

Mary Jo White and the SEC: Right person at the wrong time
(DBN)

The Dual Duties of the Next S.E.C. Chief
(DBN)

Obama urges swift Senate vote on SEC, CFPB nominees
(DBN)

Re-Nominates Cordray To Lead CFPB
(DBN)

Financial Crisis Suit Suggests Bad Behavior at Morgan Stanley
(DBN)

______________

Retailing:

JCPenney Accused Of Coming Up With 'Fake' Prices
(DBN)

Penney’s pinching vendors on pricing
(DBN)

______________

Fraud:

Undercover Mole Has Implicated Another Former SAC Capital Trader In An Insider Trading Scheme
(DBN)

Dark Pools Enabled Secret Insider Trading
(DBN)

Deloitte & Touche Wins Dismissal of Suit Over Ponzi Scheme
(DBN)

A conman faked a career as an economist and became an adviser to the World Bank
(DBN)

Attorney in Miami case points finger at NCAA
(DBN)

______________

Footwear:

Trustee named in Bakers' Chapter 7 bankruptcy
(DBN)

______________

Video Games:

A Breakdown of How Much THQ Sold Individual Assets For
(DBN)

______________

Student Debt:

As Student Loan Debt Surpasses $1 Trillion, Senators Introduce Legislation to Address Crisis
(DBN)

Student Debt Isn't Rising As Fast As You Think
(DBN)

______________

Politics:

Sen. Warren 'Disappointed' In Filibuster Changes
(DBN)

You Can Take The Girl Out Of The South, But You Can't Take The South Out Of The Girl
(DBN)

______________

Celebs:

Patrick Dempsey Saves Lives on TV, Saves Jobs With Tully’s Purchase
(DBN)

Former NFL football player Erxleben arrested in Ponzi scheme
(DBN)

______________

Municipalities:

Budget officials flee San Bernardino amid bankruptcy chaos
(DBN)

San Bernardino, unions at impasse in mediation
(DBN)

Opening statements begin in Bell, Calif., trial --- Former California officials claim they were 'duped"
(DBN)

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

Chapter 9 Eligibility: The Test for Insolvency (Part 1 of 3)
(DBN)

Judge sides with bankrupt Alabama county in documents dispute
(DBN)

______________

Crime:

US Freezes Assets of World's Top Gangsters
(DBN)

______________

Brokers:

Commissioner Overseeing MF Global Inquiry at C.F.T.C. Abruptly Quits
(DBN)

______________

Education:

An Amazing Graph: The Real Cost of College vs. College Spending Per Student
(DBN)

The 38 States That Have Slashed Higher Education Spending
(DBN)

______________

Agriculture:

Bankruptcy—and Questions—Plague Northern Colorado’s Grant Farms
(DBN)

Grant Family Farms' legal woes began before latest bankruptcy
(DBN)

______________

Autos:

Saab Hometown Prays for Revival With China Electric Push
(DBN)

A Bankruptcy for GM in Europe?
(DBN)

______________

Telecoms:

Efforts to reach a settlement on dividing Nortel's $7.3 billion fail
(DBN)

The ever-rising Nortel tab: Legal bills pile up as mediation fails
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Weil Restructuring Outlook: 2013 Survey
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Fairness For Struggling Students Act Would Reform Private Student Loan Bankruptcy Rules
(DBN)

______________

Safe Harbors:

No Safe Harbor for You Because Distributing the Proceeds of a Sale of Securities Isn't "In Connection With" a Securities Contract
(DBN)

______________

Claims Trading:

Advanced Distressed Debt Lesson: Trade Dispute Litigation
(DBN)

______________

Sales:

Selling Other Peoples' Stuff? - Auction ‘mistake’ will have to go before judge for decision
(DBN)

Section 363 Sales: Mooting Due Process?
(DBN)

______________

Personal Bankruptcy:

The Over-Encumbered Trade-in in Chapter 13
(DBN)

Projecting the Impact of Lanning and Ransom : Calculating “Projected Disposable Income” in Chapter 13 Repayment Plans
(DBN)

Educational Expense Deductions from the Chapter 13 Plan: Creating a “Reasonably Necessary” Standard
(DBN)

______________

Secured Debt:

Third Circuit Rejects Wait-and-See Valuation Approach and Accepts Lien Stripping in Section 506(a)
(DBN)

______________

Jurisdiction:

Responding to Stern v. Marshall
(DBN)

Stern v. Marshall Update – Ninth Circuit Holds That Bankruptcy Courts Lack Constitutional Authority To Finally Determine Fraudulent Transfer Claims Against Non-Claimants
(DBN)

______________

Automatic Stay:

Termination of the Stay for Successive Filers: Interpreting § 362(c)(3)
(DBN)

______________

Litigation:

Firm Focused on Investing in Lawsuits Brings in Old Leader
(DBN)

______________

TBTF:

Why A.I.G. Did Not Sue the Government
(DBN)

AIG counsel told board Greenberg lawsuit has low chance of success
(DBN)

AIG Put A Lot Of Thought Into Making Its Obvious Decision Not To Sue The Government --- AIG Saw Starr's Lawsuit as Likely to Fail, Damaging
(DBN)

Richard Fisher: Break Up Too Big to Fail Banks
(DBN)

______________

Basketball:

Sacramento Kings sale: Bankruptcy trustee could slow down process
(DBN)

______________

Aviation:

American to use Republic Airways for some flights --- Eagle pilot union chairman frustrated with American's plan to use Republic, even though it was expected
(DBN)

American Airlines retirees must wait a little longer to learn fate of health and welfare benefits
(DBN)

Boeing on the 787 investigation: We welcome the progress, continue to assist and deeply regret the disruption
(DBN)

Why fly Delta?
(DBN)

'Never Say Never' on Bag Fees: Southwest CEO
(DBN)

______________

Sovereigns:

Argentina and the courts: The sky will not fall
(DBN)

Hardship and sacrifice, now at the Warwick Hotel
(DBN)

______________

UK:

We're not about to stop cutting, says George Osborne after IMF austerity warning
(DBN)

Britain risks new recession
(DBN)

Insolvency profession exempt from no-win no-fee reforms
(DBN)

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

Is It Too Soon to Talk About a Depression?
(DBN)

Intimidating debt collectors push Britons to suicide
(DBN)

Ex-model bailiff who rakes in millions from hard-up families
(DBN)

UK to tax cheats: 'Wake up and smell the coffee'
(DBN)

Blockbuster UK embroiled in tax outcry
(DBN)

______________

EU:

Draghi Says Jury Still Out on Whether Euro Economy Will Improve
(DBN)

How Austerity Is Increasingly Crushing Europe
(DBN)

Belgians feel bite of austerity
(DBN)

______________

PIIGS:

Greeks Avoid Taxes With Bulgarian IDs and Plates --- Greek riot police break up striking subway workers' sit-in
(DBN)

5 Ways to Understand Just How Absurd Spain's 26% Unemployment Rate Is
(DBN)

______________

Canada:

Nortel Networks Mediator Ends Talks Without Settlement
(DBN)

Huge Ponzi scheme
(DBN)

Canadians' three-legged stool is getting wobbly
(DBN)

______________

Netherlands:

SNS Reaal subordinated bonds hit by loss fears
(DBN)

______________

Honduras:

Honduras can't pay its bills, neglects services
(DBN)

______________

Cyprus:

Would a bailout for Cyprus mean underwriting dirty money?
(DBN)

______________

MENA:

Dubai developer Nakheel year profit up 57 pct
(DBN)

______________

Australia:

Insolvency Quarterly - Edition No 2
(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