January 31, 2013

The Daily Bankruptcy News

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Law:

Kaye Scholer Latest Large Law Firm to Shift Back-Office Operations to Less Costly Locale
(DBN)

Conservative Lawyers' Blog Finds New Way To Attack Elizabeth Warren
(DBN)

The 2013 Lateral Report --- Building a Better Lateral --- Playing Not to Lose
(DBN)

Following Mediation, Gunman Opens Fire in Arizona, Prominent Lawyer Shot --- Attorney Shot, Client Killed, at Hearing in Arizona; Suspect Flees --- 1 dead, lawyer seriously wounded in office shooting
(DBN)

Ex-‘American Idol’ contestant insists he had fling with Paula Abdul, sues BigLaw firms for libel
(DBN)

Are Lawyers Being Replaced by Machines?
(DBN)

NY lawyer faces two years behind bars in mortgage scheme
(DBN)

Dykema names bankruptcy lawyer as new managing member of Dallas office
(DBN)

Michigan Law School Begs Students Not To Read Email Accidentally Sent By Professor
(DBN)

In demand ex-prosecutor Patrick Fitzgerald chooses Skadden - but insists on a few conditions.
(DBN)

Cobbetts, Weil, Wachtell, Jackson Lewis: Business of Law
(DBN)

An ex-GC on how law firms can attract business
(DBN)

Student Sends Open Letter To Classmates Explaining, In Detail, Why He Hates Them
(DBN)

To Clerk, Or Not…
(DBN)

The Law Clerk Hiring Plan: Really, Really Dead Now
(DBN)

Storm Warning - In a new book, futurist Richard Susskind finds most firms unprepared for the challenges ahead
(DBN)

Former Mintz Levin Partner Tapped to Fill Kerry's U.S. Senate Seat
(DBN)

Law School Transparency: Uncivil procedures
(DBN)

Law school grapples with student surplus after switch to 3L practical skills training
(DBN)

The Law School Crisis Doesn't Exist At Places Like Yale
(DBN)

Georgia law school applicants on decline
(DBN)

Fordham Con Law Clusterbleep
(DBN)

License denied to law grad investigated for cheating on bar exam
(DBN)

Legal Tech in the Age of the Consumer
(DBN)

ABA's advice to women is just precious
(DBN)

S-- and Housekeeping
(DBN)

Lawyers owe duties to prospective clients: bar association
(DBN)

While flawed, Microsoft's tablet has a lot to offer lawyers, starting with a full-featured Office suite
(DBN)

A 2013 Law Firm Lawsuit-Palooza
(DBN)

Client who got $111 from six-figure injury settlement can’t sue law firm for malpractice
(DBN)

The Associate Investment Conundrum
(DBN)

Does Your Firm Need a ‘Talent Strategy’?
(DBN)

Jeremy London's Mug Shot Is As 'Dazed & Confused' As What He Told Cops
(DBN)

Stealth Lawyer: Todd Neufeld, Balloon Twister
(DBN)

IT teams need to change their approach and attitudes when lawyers ask for their unexpected technology options
(DBN)

Unfortunate Law Firm Slogan Of The Week
(DBN)

Lawyer’s son is charged with unauthorized practice of law
(DBN)

Tribune Company Brings in New GC as it Emerges from Bankruptcy
(DBN)

Cops: Woman Robs Bank While Test Driving Car
(DBN)

"Cannibal Cop" Jurors Will Need To Be Cool With Cannibalism P---
(DBN)

Lawyer crushed by falling sign was on once-in-a-lifetime trip to London with girlfriend
(DBN)

Neck ipsa loquitur
(DBN)

Alabama Man Shoots School Bus Driver And Retreats Into Bunker With 6-Year-Old
(DBN)

Driver is ticketed 4 times for speeding, within less than 3 hours
(DBN)

Texas set to 'terminate' trooper following roadside cavity searches
(DBN)

Matthew Schindler: Talk about an alleged hostile work environment
(DBN)

Charged driver wears ice skates
(DBN)

Say What?!
(DBN)

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Judges:

Did a judge-to-be unethically help a jurist in a real estate matter?
(DBN)

Texas Supreme Court Justice Don Willett: master of the Twitterverse
(DBN)

Justice Scalia at odds with President Lincoln over the Constitution
(DBN)

Quoting Scalia, ABA president says Second Amendment rights have limits
(DBN)

Fixing the Judicial Clerkship Crisis
(DBN)

Bankruptcy Court Thinks its Recordings Are More Valuable Than Justin Bieber’s
(DBN)

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Wall Street:

Stock futures steady
(DBN)

US stocks drop after GDP data
(DBN)

A Warning to Wall St. About Misleading Clients
(DBN)

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

Lessons for Entrepreneurs in Rubble of a Collapsed Deal
(DBN)

Street bonus woes slam NY housing market
(DBN)

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Layoffs:

Time Inc cuts staff by 6 pct
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

Student - loan delinquency rate hits danger zone, report says --- Study: Default on student loan debt more likely than ever
(DBN)

Third of Student-Loan Debt Belongs to Subprime Borrowers
(DBN)

How Much Student Loan Debt Is Too Much?
(DBN)

Fitch - US college costs rise, private loans to remain low
(DBN)

Half of student loan holders deferring payments
(DBN)

Behind the falling US birthrate: too much student debt to afford kids?
(DBN)

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Economy:

Economy in U.S. Shrinks as Defense Spending Slumps --- Decline seen temporary --- Michelle Meyer: GDP Was 'Grossly Distorted', And You Should Fade The Headline
(DBN)

Doh! Those Big Budget Cuts Are Coming
(DBN)

Private survey shows employers added 192,000 jobs in January
(DBN)

U.S. Economic Confidence Surges to Five-Year Weekly High
(DBN)

Fed Losses Could Harm Public Perception
(DBN)

Fed Keeps Stimulus Amid Signs of Weak Economy
(DBN)

New Hawks and Doves at Fed Likely Won't Alter Policy
(DBN)

The American Household Is Digging Out of Debt in the Worst Possible Way
(DBN)

The US Recovery Is Dangerously Unbalanced
(DBN)

What's 'Rich'? Depends on How Old (and Rich)You Are
(DBN)

Middle-Aged Adults ‘Sandwiched’ Between Aging Parents and Kids
(DBN)

How Americans Spend Their Money
(DBN)

R-Word For U.S. Economy in 2013 is Rebound Not Recession
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Distressed Investing: When Good News for Real Estate Is Bad
(DBN)

Best places to buy foreclosures
(DBN)

Is the Refi 'Apocalypse' Really Upon Us?
(DBN)

San Bernardino Calls It Quits
(DBN)

Mortgage applications fall 8.1% as rates rise
(DBN)

Multiple lawyers admit guilt in mortgage-related criminal cases
(DBN)

Overhauling Mortgage Giants Takes Industry Initiative, Official Says
(DBN)

Auction next stop in SRKO developer saga
(DBN)

DB Structured Products Sued by Trustee Over Mortgage Pool
(DBN)

Former Real Estate Execs Accused Of Using Investors' Money for Boats And Rum
(DBN)

Million-dollar foreclosures
(DBN)

The 10 Most Expensive Neighborhoods In New York City
(DBN)

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Aviation:

Airline merger talks focus on role of American's CEO --- AMR CEO's Fate In Balance As Merger Nears
(DBN)

US Airways Union Assails 'Back Room Deal' With AMR Workers
(DBN)

Job totals at American Airlines shrink 7.4% after a year in bankruptcy
(DBN)

Batavia declared bankrupt , suspends operations --- Batavia Says "Force Majeure" Led to Bankruptcy
(DBN)

Court Appoints Four Curators over Batavia Bankruptcy --- Batavia's passengers want ticket refunds
(DBN)

______________

Autos:

Fiat debts grow as recovery spending mounts
(DBN)

Fiat CEO wants to do Chrysler buyout 'the faster...the better'
(DBN)

______________

Brokers:

What Jon Corzine Has Been Doing In His Spare Time Since MF Global Blew Up
(DBN)

Peregrine Financial CEO's Son Says Fraud Devastating
(DBN)

US Wants Peregrine's Wasendorf Imprisoned for 50 Years --- Ex-CEO expects life of fraud to end in jail
(DBN)

Death and the Iowan
(DBN)

Victims jockey to maximize refunds in Iowa fraud case
(DBN)

______________

Bankruptcy Crimes:

Stafford woman admits to bankruptcy fraud after profiting from Ponzi scheme
(DBN)

FBI Arrests Diamond Bar Man on Fraud Charges
(DBN)

______________

Agriculture:

Judge OKs EuroFresh plan to pay PACA debts
(DBN)

______________

Pensions:

US pension insurer warns of rising deficit
(DBN)

PBGC reports lead to calls for multiemployer pension reform
(DBN)

______________

Fraud:

Secondary Investors In Madoff Seek Payback
(DBN)

Kim Rothstein attorney Scott Saidel pleads guilty
(DBN)

Former Florida real estate executives charged in Ponzi scheme
(DBN)

SEC not liable for sleeping through Madoff fraud
(DBN)

______________

Municipalities:

Bankruptcy rulings favor Stockton
(DBN)

Judge affirms bankrupt city's rights to run itself
(DBN)

San Bernardino is not having a very good week
(DBN)

Jefferson County Bondholders Begin Fight Over Sewer Rates
(DBN)

Creditors push bankrupt Alabama county to hike sewer rates
(DBN)

Jefferson County Manager Tony Petelos first to testify at county bankruptcy trial
(DBN)

Quinn delays $500 million borrowing in wake of state's bad credit rating
(DBN)

Decision on Detroit takeover within weeks - Michigan governor
(DBN)

______________

Corporate Reform:

Who are Justice Department's 'outside experts' on prosecuting banks?
(DBN)

The Six Degrees of Mary Jo White
(DBN)

Top Federal Prosecutor of Corporate Crime Resigns
(DBN)

What's the point of bringing criminal charges against banks and not its execs or employees?
(DBN)

SEC could use a few tips from workplace watchdog
(DBN)

______________

Health Care:

Financially troubled hospitals in KCK, Leavenworth sold
(DBN)

______________

Telecoms:

PowerWave prepares to fight for cash in bankruptcy
(DBN)

______________

New Bankruptcy Opinions
(1 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 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:

Bill on Bankruptcy: Junk Debt Interest Rates at 30-Year Low
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Litigation:

Discovery on the Go
(DBN)

Judges' tips on keeping down costs of e-discovery
(DBN)

______________

Personal Bankruptcy:

A Grey Day in Charleston
(DBN)

______________

DIP Finance:

Troubled Companies Seen Winning Lifelines in 'Fragile' Market
(DBN)

______________

Litigation:

Forecasting the Big Litigation Trends for 2013
(DBN)

______________

Defaults:

Distressed debt investors see fewer U.S. defaults
(DBN)

______________

Celebs:

Casey Anthony: Relaxing on the Beach, Looking For Closure
(DBN)

______________

Electricity:

Is Electricity a “Good”? Montana Bankruptcy Court Says Yes!
(DBN)

Is bankruptcy LIPA's saving grace?
(DBN)

______________

Small Business:

What's Driving the Spike in Small Business Acquisitions
(DBN)

______________

Food/Beverage:

Former CEO of bankrupt Ala. company faces charges
(DBN)

Hostess Chooses Apollo, Metropoulos as Lead Bidder
(DBN)

______________

Alternative Energy:

CFIUS approval of A123 Systems deal draws critics
(DBN)

State repaid $3 million after A123 sale
(DBN)

Jiangsu Sunshine Unit Files for Bankruptcy on Silicon Price Fall
(DBN)

______________

Politics:

No Budget, No Pay? No Big Deal for Rich in Congress
(DBN)

______________

Hotels:

LodgeNet Gets Interim Approval to Tap $5 Million of Bankruptcy Loan
(DBN)

______________

Steel:

Owner of RG Steel sued by feds for $97M in pension funds
(DBN)

______________

Banking:

JPMorgan Bet Against Itself in 'Whale' Trade
(DBN)

Human-Whale Relations At JPMorgan Were Pretty Frosty
(DBN)

Barclays, RBS May Pay Billions Over Improper Derivatives Sales
(DBN)

The Eurozone's Biggest Bank Posts A Stunning $26 Billion Write Down
(DBN)

______________

Sovereigns:

Argentina on hedgie ‘ship’ list
(DBN)

Hedge Funder Paul Singer Went Ballistic On Argentina In His Q4 Investor Letter
(DBN)

Countries Headed For Trouble Exhibit An Observable Pattern Of Events
(DBN)

______________

UK:

Cobbetts to call in administrators as firm heads for fire-sale of business --- Cobbetts filings reveal debt deal with Lloyds ahead of fire-sale announcement --- Seeks buyer --- Market expresses sadness but little surprise --- Was continuing to hire lawyers up until December --- The path to administration --- First U.K. Law Firm Since 2010 to Seek Protection From Creditors
(DBN)

Clydes to cut jobs as firm reviews back office in wake of BLG merger
(DBN)

Olswang set for cuts in finance and employment
(DBN)

Scots insolvency rates at four-year low
(DBN)

Economic crisis 'wreaking havoc'
(DBN)

Unemployed U.K. Man Made $1 Million on Insider Tips: FSA
(DBN)

______________

PIIGS:

Investors Throw Spain a Lifeline as Economy Shrinks --- Profits drop at Santander as bad loans rise
(DBN)

______________

Germany:

German Unemployment Unexpectedly Declined in January
(DBN)

German Retail Sales Plunge In December
(DBN)

______________

MENA:

The Panicked Exodus of Syria's Middle Class
(DBN)

______________

Iceland:

1109 companies bankrupt last year in Iceland
(DBN)

______________

Cyprus:

Small island, big problem: how Cyprus troubles the euro
(DBN)

______________

 

 

 

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