January 30, 2013

The Daily Bankruptcy News

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Law:

2012 wasn’t such a bad year for law firms after all; survey findings ‘a complete surprise’ --- From the Department of Pleasant Surprises
(DBN)

Survey Says Outliers Helped Push Large Law Firm Revenue Up 5 Percent in 2012
(DBN)

Saul Ewing Revenue Up 7.8 Percent, PPP Up 12 Percent
(DBN)

Offering Buyouts, Blank Rome Looks to Trim Secretarial Ranks --- Secretarial pool will be cut despite BigLaw firm’s ‘pretty spectacular’ 2012
(DBN)

An Interview with an In-House Insider (Part 4)
(DBN)

Lawyer gets home confinement for failing to report boss's mortgage fraud
(DBN)

Just How Unpopular Law School Has Become
(DBN)

Plaintiffs firms' fees climb for securities class actions
(DBN)

'Very Desperate' Unemployed Lawyer Turns To Craigslist
(DBN)

Bingham, Morgan Lewis, Patton Boggs: Business of Law
(DBN)

Kaye Scholer, Grant, Barnes & Thornburg: Business of Law
(DBN)

Former American Idol Contestant Hits Gibson Dunn, MoFo, Others With $120 Million Defamation Suit
(DBN)

Ignore your law firm capital structure at your peril
(DBN)

Bidding time: Firms are putting in more hours on requests for proposals
(DBN)

Sunshine State will be new home to about 100 Kaye Scholer employees
(DBN)

Legal Ethics & Social Media
(DBN)

Gradenfreude: From Dreams of Being a Biglaw Big Shot to the Reality of Food Stamps
(DBN)

Lawsuit of the Day Update: More About Levinson v. WilmerHale
(DBN)

3 Ways To Land a BigLaw Job (Hint: It's Still a Pipe Dream)
(DBN)

Working for free: Lawyers incorporating pro bono into their lives talk about its rewards, challenges
(DBN)

Hofstra Law's New Dean Is School Veteran With 'Mixed' Background
(DBN)

Would You Like To See The Grades Of All Your Classmates? Then You Should Have Gone To This Top Law School!
(DBN)

Nevin Shapiro bankruptcy trustee sues Shook Hardy
(DBN)

Multimillion-dollar lawsuit targets GrayRobinson, Foley
(DBN)

Orrick raids Bingham, 3-partner energy team includes practice group co-chair
(DBN)

It’s a golden age for Texas’ oil and gas transactional lawyers
(DBN)

Cosmo's Lawyer Bachelor Of The Year Fills Girls In On What They Can Expect From Today's Dating Scene
(DBN)

Woman says lawyer Paul Bergrin pushed her to lie, as a child, about her dad’s attack on her mom
(DBN)

Quote of the Day: Ted Olson’s Got Jokes!
(DBN)

Casey Anthony the Paralegal?
(DBN)

Thief gave stolen chocolates to his lawyers
(DBN)

Man who tricked judge into awarding $3M default judgment against sex-crime victim gets more time
(DBN)

Convicted Bank Robber Can Sue Prison To Pay For Sex-Change Surgery
(DBN)

New Fighting Style
(DBN)

Son of well-known lawyer charged with pretending to be one
(DBN)

Accused 9-11 Attackers Skip Court; Lawyers Seek Jail
(DBN)

Say What?!
(DBN)

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Judges:

Former Michigan Supreme Court Justice Diane Hathaway pleads guilty to felony bank fraud
(DBN)

Justice Scalia says schoolchildren are wrong when they call the Constitution a 'living document'
(DBN)

School closing leaves Sotomayor ‘heartbroken’
(DBN)

Woman attacked after judge leaves her in courtroom with her ex; she was seeking a protection order
(DBN)

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Wall Street:

US stock futures waver on Wednesday
(DBN)

Stocks Close Up, Nearing Record Highs
(DBN)

The Hidden Costs Of Working On Wall Street
(DBN)

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Layoffs:

Unemployment Causes
(DBN)

A Nation of Temp Workers
(DBN)

Sen. Ulibarri proposes legislation to eliminate credit history from hiring process
(DBN)

Boston Scientific to Chop Another 1,000 Jobs This Year
(DBN)

Why Is Productivity Slowing Down?
(DBN)

Now You Can See Who Your Competitors Are When Applying For A Job
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Shipping:

More than 300 barges delayed by Mississippi River closure
(DBN)

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Pensions:

Pension agency sues Renco Group over RG Steel deal
(DBN)

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Bankruptcy Crimes:

Buhl man pleads guilty to bankruptcy fraud
(DBN)

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Aviation:

AMR Bondholders Pushing For US Airways Merger
(DBN)

US Airways CEO Doug Parker could head combined airline --- AMR CEO in Talks on Role at Merged Airline
(DBN)

Debt Woes May Down Batavia Air
(DBN)

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Storage:

RoboVault trustee attorney: Chaney arrested
(DBN)

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Agriculture:

EuroFresh wants to pay PACA claims, continue operations
(DBN)

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Brokers:

MF Global's Bankruptcy Nears a Happy Conclusion
(DBN)

Some MF Global Clients Benefit on UK Valuation Date
(DBN)

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Economy:

Consumer Confidence in U.S. Falls to Lowest Since November 2011 --- Fed Study Makes Collapse In Consumer Confidence Even More Scary --- What's Wrong With This Picture?
(DBN)

Americans Most Satisfied With Military, Least With Economy
(DBN)

America Faces Catastrophic Levels Of Inequality
(DBN)

Fed May Buy $1.14R in Assets in 2014
(DBN)

Business Spending Rose in Spite of Cliff
(DBN)

Companies Ignored Cliff Chatter, but Taxes, Spending Cuts Will Have Real Bite
(DBN)

Workers Spent More of Payroll Tax Cut Than They Intended
(DBN)

Debt holds many Boomers back from retirement
(DBN)

Taxpayers stand to lose $27B in bailout, watchdog says
(DBN)

U.S. Treasury Weighs Ally Exit as Company Sells Assets, Unit Completes Bankruptcy --- Treasury needs exit plan for Ally Financial-watchdog
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Prices Climb by Most in Six Years
(DBN)

A Look at Case-Shiller, by Metro Area
(DBN)

What Homeowners Need To Know About Zombie Titles
(DBN)

DR Horton Climbs After Reporting That Earnings Doubled
(DBN)

ResCap Delays Closing Its Sale to Ocwen Until Feb. 15
(DBN)

Freddie, Fannie to Let Some Walk Away
(DBN)

Yes, It's Possible To Get An Amazing Apartment In Manhattan For Just $990 A Month
(DBN)

Winter Lull for New Households and Homeownership
(DBN)

A $22.5 million Potomac River mansion heads to foreclosure — again
(DBN)

The Most Dangerous Cities To Take Out A Mortgage
(DBN)

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Food/Beverage:

Hostess getting closer to a buyer for Twinkies
(DBN)

Twinkies Deal With PE Firms Near Completion: Source
(DBN)

McKee Foods offers $27.5 million for Drake's cakes
(DBN)

PBR parent a lead bidder for Twinkies, other Hostess cake brands
(DBN)

OMG, no Twinkies till September?!
(DBN)

Christie Vetoes Bill To Create Affordable Housing From Foreclosed Homes
(DBN)

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Alternative Energy:

Feds approve A123 purchase by Chinese firm
(DBN)

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Coal:

Coal Workers & Retirees Protest At Courthouse --- Roberts other UMWA Members Arrested in St. Louis
(DBN)

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Municipalities:

Chapter 9 Eligibility: The Test for Insolvency (Part 2 of 3)
(DBN)

Detroit bankruptcy : City 'teetering on the edge' of financial crisis
(DBN)

Stuck in reverse, Detroit edges closer to bankruptcy
(DBN)

Auto industry glitz fails to masquerade Detroit's slide into insolvency
(DBN)

Providence, R.I., still in a $4 mln hole, dodges insolvency
(DBN)

Flint City Council seats up for election under emergency manager
(DBN)

Texas governor calls for giving excess tax money back to people
(DBN)

San Bernardino Finance Director Jason Simpson resigns
(DBN)

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Corporate Governance:

Director Independence under New York Law
(DBN)

Chancery Grants Relief on Both Fiduciary Duty and Contract Claims Against Member of Joint Venture
(DBN)

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Celebs:

Anna Wintour's Boyfriend Owes $1.2 Million In Back Taxes And It Could Sink Her Chances At Being An Ambassador
(DBN)

Casey Anthony -- I Won't Be Held Back Anymore
(DBN)

Arnold Schwarzenegger S-- Photo: Found in Bankruptcy Guccinoe's Storage!
(DBN)

Tom Martino negotiating deal in lawsuit
(DBN)

Lindsay Lohan will be too sick to appear in court on Wednesday
(DBN)

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Basketball:

Bankruptcy trustee to bring special counsel in Sacramento Kings sale
(DBN)

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Health Care:

Rescue Plan Is Emerging for Hospital in Manhattan
(DBN)

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Personal Finance:

Survey: 30 percent of Americans expect financial discussion at beginning of relationship
(DBN)

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Mass Torts:

Judge lets creditors of company linked to meningitis attach insiders' assets
(DBN)

BP Wins Final Approval of Guilty Plea Over Gulf Oil Spill
(DBN)

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Fraud:

U.S. Seeks Sentencing Leniency for Ex-Analyst Karl Motey
(DBN)

______________

Coal:

W.Va. miners to picket Patriot hearing in Mo.
(DBN)

UMWA president, W.Va. lawmaker among those arrested at protest
(DBN)

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Accounting:

Ernst & Young Cleared in U.K.'s Lehman Client-Funds Probe
(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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

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Miscellaneous:

Reminder: Weil Restructuring Outlook Survey
(DBN)

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Bankruptcy Statistics:

Bankruptcies fall, but Alabama has high per capita filing rate
(DBN)

Bankruptcy Trends: A slow 2012, by the numbers
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Compensation:

'Mistakes' in GSC Ch. 11 should not threaten fees, advisers say
(DBN)

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Contempt:

Marciano - Bankruptcy Debtor Gets Bench Warrant For Contempt After Impossibility Defense Flops
(DBN)

______________

Finance:

Bankruptcy Court Relies on Plain Language of Indentures in Denying American Airlines Noteholders' Make-Whole Claim
(DBN)

______________

Insurance:

Advisen Releases 2012 D&O Claims Trends Study
(DBN)

Auto insurers charge (some)safe drivers higher rates - HIgh paying job more important than driving record
(DBN)

Federal Judge Rules Insurer Not Entitled to Client's Documents
(DBN)

______________

Hollywood:

State Asks For Half A Million To Reclaim $20 Million From Bankrupt Company
(DBN)

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Corporate Reform:

With Cordray's Authority in Doubt, Banks Weigh Spurning His Agency
(DBN)

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Banking:

Stress Tests 'Baloney'? Absolutely Not.
(DBN)

RBS Isn’t Sure Its Foreign Subsidiaries Could Survive In Prison
(DBN)

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Retailing:

Redbook: U.S. Retail Sales Down 0.5% in First Four Weeks of January Vs. December
(DBN)

Amazon Misses Expectations, Stock Soars To An All-Time High
(DBN)

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Politics:

Under The GOP's Electoral College Change Plan, Elections Would Have Gone A Lot Differently
(DBN)

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Student Debt:

More Evidence On The Student Debt Crisis: Average Grad's Loan Jumps To $27,000
(DBN)

U.S. Student Loan Delinquencies Climbing Fast, Showing No Signs of Slowing
(DBN)

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Autos:

Fisker Hires Huron to Help Conserve Cash During Strategic Review
(DBN)

______________

Sovereigns:

Elliott Says 'Hard To Believe' Argentina Will Default Again
(DBN)

Holdout creditors on New York trip bemoan treatment by Argentina
(DBN)

______________

UK:

Distressed company purchases and tax issues arising on insolvency in the UK
(DBN)

David Chubb, PwC business recovery partner comments on the insolvency statistics in the pub sector
(DBN)

Legislate to scrap football super creditor rule, says committee
(DBN)

______________

EU:

Ford sees $2 bln loss, slumping sales in Europe
(DBN)

______________

PIIGS:

Italy says banking system untouched by troubled lender
(DBN)

Greece: One in five mortgage loans turns bad --- Stournaras ?100pct certain? 2013 will be last year of Greek recession
(DBN)

Spanish recession deepens in fourth quarter
(DBN)

______________

Canada:

Supreme Court to release landmark Indalex insolvency decision
(DBN)

______________

France:

Peugeot Ordered to Pause Restructuring as Workers Strike
(DBN)

______________

Australia:

Creditors to control Nine
(DBN)

'Urgent' search begins for Groves' assets
(DBN)

Mothercare's Australian associate goes into administration
(DBN)

______________

MENA:

Army Warns that Egypt Could Collapse
(DBN)

______________

Russia:

Bankruptcy suit against Ford's Russian plant dismissed
(DBN)

______________

Africa:

Zimbabwe finance minister says country has just $217
(DBN)

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Copyright 2013