January 4, 2013

The Daily Bankruptcy News

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Law:

In Confusion Over Protection for Former Partners, Dewey Bankruptcy Hits Bump
(DBN)

Dewey bankruptcy firm Togut Segal & Segal bills $4.8 million since firm's collapse
(DBN)

Does Legal Fees Motion in $590M Citigroup Case Include $1K Per Hour for Low-Paid Contract Lawyers?
(DBN)

Leaked Email: Hogan Lovells Partner Orders Associates To Be At Their Desks By 9am – Even If They’ve Been Working Late --- New Punctuality Rules Give Law Firm A Totalitarian Feel
(DBN)

Duane Morris, Troutman Sanders, Munger: Business of Law
(DBN)

Has ‘Spit Roast Email’ Trainee Daniel England Been ‘Offered A Job’ As A Newly Qualified Solicitor By Shearman & Sterling? --- Shearman & Sterling: ‘We Never Offered Email Scandal Trainee An NQ Solicitor Job; He Resigned Over The Summer’
(DBN)

Legal Education's 5 Most Influential People In 2012 --- The Most Influential Person In Legal Education Is Also One Of Its Biggest Critics
(DBN)

If This Picture Doesn't Convince You The Law School System Needs To Change, Nothing Will
(DBN)

Law Prof Who Urged Abandoning the Constitution Gets Abusive and Threatening Emails
(DBN)

Santa Clara Prof Making Up Tuition Facts?
(DBN)

In Pro Bono Twist, Jenner on Defensive Over Handling of Long-Running Rent Fight
(DBN)

OMM Indonesia tie-up adds bankruptcy expert
(DBN)

Dress and Stress
(DBN)

Beirne Maynard & Parsons Acquires Lemle & Kelleher, Expects ‘Significant’ Further Growth
(DBN)

Detroit’s Dickinson Wright Merges with 60-Lawyer Arizona-Based Mariscal Weeks
(DBN)

National, International Mergers Continue
(DBN)

Reforming The Bench Memo Process
(DBN)

Investors in Ruden McClosky hedge funds settle for $1.7 million
(DBN)

A former US attorney is heading to court to solve ancient Greece's most legendary death
(DBN)

Jewel thieves burrow into wrong store, hit KFC instead
(DBN)

The Most High-Profile Celebrity Legal Troubles Of 2012
(DBN)

Girl Fights For Right To User Birth Name Not On Government-Approved List
(DBN)

The Apps to Pack --- 13 Useful Apps You Need For The New Year --- Review: Polaris Office -- view and edit Microsoft Office files on the iPad and iPhone
(DBN)

Driver Calls Attorney an Abusive Boss
(DBN)

Feds Drop Escape Charge re Inmate’s Daring 15-Story Climb Down Chicago Prison Facade
(DBN)

Teen Girls Accused Of Drugging Parents' Milkshakes Because They Were Too Strict
(DBN)

Don't Try This At Home
(DBN)

Man fined for allowing dogs to bark 863 times in 23 minutes
(DBN)

Cops: Teen robs central NY bank using bomb threat
(DBN)

Say What?!
(DBN)

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Judges:

Obit: Judge Joseph Patchan was a leading bankruptcy lawyer
(DBN)

Obama Renominates 33 to Federal Courts
(DBN)

Justice Scalia's most cantankerous statements of 2012
(DBN)

Top Mo. Court Hears Case re Judge Whose Clerks Handled Her Call While She Vacationed in China
(DBN)

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Wall Street:

US stock index futures point to flat start
(DBN)

U.S. Stocks Decline; Fed Meeting Minutes Spark Slip
(DBN)

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Layoffs:

First-time jobless claims rose to 372,000 last week --- Businesses added 215,000 jobs in Dec., survey shows
(DBN)

How to read 'quirky' December jobs report
(DBN)

The 10 Least Stressful Jobs In 2013
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Detroit City Council on plan for financial crisis as emergency manager looms over city
(DBN)

Detroit homicide rate highest in 25 years
(DBN)

Stockton's Moral Deficit
(DBN)

The State of the States (Well, at Least Four of Them)
(DBN)

Fiscal Cliff Hollywood Handout Could Spark More Small Town Bankruptcies
(DBN)

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Autos:

GM could face $918 million hit from bankruptcy -related lawsuit
(DBN)

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Student Debt:

Best Way to Pay $30K in Overdue Student Debt?
(DBN)

Families in the US shoulder heftier burdens as college debt swells
(DBN)

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Video Games:

THQ lenders object to its fast-track bankruptcy sale
(DBN)

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Economy:

Most FOMC Participants Saw QE3 Ending in 2013
(DBN)

UBS Explains Why The End Of QE Isn't As Close As The Fed Minutes Suggest
(DBN)

The Cruel Ironic Timing Behind The Fed's Latest Move
(DBN)

Jobless claims in U.S. climb 10,000 to 372,000
(DBN)

Boehner Sets Up Debt Fight During Emotional Re-Election Speech
(DBN)

Report: Tim Geithner Plans To Leave Treasury Before The Debt Ceiling Fight
(DBN)

How corporate tax credits got in the 'cliff' deal
(DBN)

Why Older Consumers Won Big With The Fiscal Cliff Deal
(DBN)

One in three Americans reduces spending in face of looming fiscal cliff
(DBN)

Here's How Much Taxes Are Going Up For New Yorkers
(DBN)

This Map Shows Where Everyone Is Moving To And From In America
(DBN)

The 'Economist' Agrees About The Europification Of The United States
(DBN)

Gold Falls to 4-1/2-Month Low After Fed Minutes
(DBN)

Dollar hits 29-month high vs yen; may gain on payrolls
(DBN)

Analyst: The Market Has Begun To Fear A '1994' Scenario
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Report: Home Prices Poised for Growth in 2013
(DBN)

ResCap Seeks Court Approval to Sell FHA-Backed Loans
(DBN)

The 10 American Housing Markets That Made Tremendous Turnarounds In 2012
(DBN)

Settlements Lead To Claims Lead to Settlements
(DBN)

Mortgage Meltdown Cases May Be Affected by Decision on Timing of SEC Suits
(DBN)

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Retailing:

Slow December retail sales manage to top expectations --- Nimble chains do better
(DBN)

Even When Bill Ackman Loses, He Makes A 77-Fold Return
(DBN)

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Aviation:

Pinnacle Secures Larger Jets in Reorganization Pact --- Pinnacle Identifies Path Out of Chapter 11 --- Delta Air Lines poised to take control of Memphis-based Pinnacle --- Pinnacle Airlines pilots to get 9% pay cut in new deal
(DBN)

Horton expects American, US Airways merger decision within weeks --- Horton letter of Jan. 3, 2013
(DBN)

APFA says it has approved a merger ‘memorandum of understanding’
(DBN)

Passenger Busted After Refusing To Turn Off His Cell Phone Before Southwest Flight Departure
(DBN)

XL Airways Germany files for bankruptcy
(DBN)

Pilots agree to talk with Iberia about job cuts
(DBN)

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Mass Torts:

Transocean to pay $1.4 billion for role in gulf oil spill
(DBN)

2 Plaintiffs Lawyers Lose Civil RICO Case re CSX Asbestos Claims; Federal Jury Awards $429K
(DBN)

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Hollywood:

Disney Seeks to Halt Bankruptcy Sale of 3-D Technology
(DBN)

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Pharma:

K-V Pharmaceutical Receives Approval of DIP Loan, Settlement
(DBN)

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Defaults:

Default Rates to Stay Below 2% in 2013 and 2014, JPMorgan Says
(DBN)

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Fraud:

Mathew Martoma Has No Idea What The Government Is Talking About
(DBN)

Serial Returners Are Ruining The System For Everyone
(DBN)

Scam artists get 57 years in prison for $195 million scheme
(DBN)

Moody’s, S&P, Fitch Must Face Fraud Claims in SIV Suit
(DBN)

Cohen’s SAC Tops Most Profitable List Amid Insider Probes
(DBN)

JPMorgan Faces Sanction for Refusing to Provide Madoff Documents
(DBN)

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Tax:

Swiss bank Wegelin to close after US tax evasion fine
(DBN)

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Environmental:

600,000 pounds of radioactive waste removed from bankrupt plant
(DBN)

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Livestock:

ND beef company still owes farmers
(DBN)

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Distressed Investing:

Z Capital Seeks $500 Million for Fund II
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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 (98 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:

Bill on Bankruptcy: No Boom for Bankruptcy Bar in 2013
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

US Trustee Balks at THQ Sale Rules
(DBN)

Creditors and Trustees object to "quick" THQ sale
(DBN)

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Venue:

Revisiting Venue: Patriot Coal and the "Interest of Justice"
(DBN)

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Arbitration:

A Compelling Arbitration Case: Court Grants Motion to Compel Arbitration for Both Bankruptcy and Non-Bankruptcy Issues
(DBN)

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Subordination:

Second Circuit Affirms Dismissal of Debtor's Attempted Subordination of Former Corporate Parent's Claim
(DBN)

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Jurisdiction:

Whether Parties Can Consent to a Bankruptcy Judge Entering a Final Order
(DBN)

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Politics:

Elizabeth Warren sworn in as first Massachusetts woman in US Senate
(DBN)

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Celebs:

Who Wants to Sell a Perky Cup of Tully's Coffee? --- How 'McDreamy' Plans to Resuscitate Tully's Coffee
(DBN)

Starbucks, actor Dempsey compete for coffee chain
(DBN)

Grey's Anatomy star Patrick Dempsey tweets he has beaten Starbucks in auction of small Seattle coffee chain --- Actor Dempsey has winning bid for Tully's Coffee chain
(DBN)

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Food/Beverage:

Judge rejects lawyer's plan to buy four Upper Crust restaurants --- Judge warns lawyer in Upper Crust case
(DBN)

Beer expert thought he'd seen it all until he witnessed the black market in action
(DBN)

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Resorts:

Paulson Resort Inks New Deal for PGA West
(DBN)

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Health Care:

WPAHS warned: Default at hand
(DBN)

Hospital debtors file objection
(DBN)

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Defaults:

Below-Average High-Yield Default Rate to Persist Into 2013
(DBN)

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Sovereigns:

Fairytale of New York — in pari passu, anyway
(DBN)

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UK:

UK Is Sliding Back Into Recession
(DBN)

UK service sector activity falls
(DBN)

Recovery could be slow as North-East corporate insolvencies increase
(DBN)

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PIIGS:

Spain's iconic Parador hotels to lay off hundreds
(DBN)

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Canada:

D&M receives further extension in bankruptcy proceedings
(DBN)

Bank of Canada flags lenders' role in consumer debt
(DBN)

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France:

French Retailer Virgin Says to Declare Insolvency
(DBN)

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Copyright 2013