January 7, 2013

The Daily Bankruptcy News

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Law:

Top 25 Partners Got $70M in Dewey's Last Year; Unsecured Creditors May See 15 Cents Per Dollar
(DBN)

The Big Law Firm Story of the Year: Dewey & LeBoeuf
(DBN)

Getting Your Work Done (Part Two)
(DBN)

Law-Firm Partners Face Layoffs
(DBN)

Legal Sector Added 1,000 Jobs in December
(DBN)

Biglaw office wants associates to account for their every move
(DBN)

Cleary blasts hedge funds for subpoenas to firm in Argentina case
(DBN)

Skadden tops list of most active legal advisors for M&A in 2012
(DBN)

Mergers in 2013, Jones Day, Cadwalader: Business of Law
(DBN)

Dean: There's No Oversupply of Lawyers
(DBN)

There Are Two Law School Grads for Every Lawyer Job
(DBN)

More Rough News For Law School Admissions - LSAT Takers Continue Plunge
(DBN)

Judge dismisses employment data suit against Albany Law School
(DBN)

New Data Reveals There Aren't Nearly Enough Jobs For New Lawyers, Yet Some Refuse To Believe It
(DBN)

Ex-Law Student Auctions Off His Name to Pay Off Loan Debt
(DBN)

A Texas Tech Law Student Is Headed To The Miss America Pageant
(DBN)

California Rules on Ethics of Social Media Postings
(DBN)

[Un]expected legal technology trends for 2013
(DBN)

Bar Admission Denied To F. Lee Bailey
(DBN)

Billing-For-Bonus Scheme Draws Suspension
(DBN)

Gregory Berry’s ‘Superior Legal Mind’ is Back in Action on the Appeal of His $77 Million Case Against Kasowitz Benson
(DBN)

In-House Counsel, Accused of Stealing $9M By Paying Fake Law Firm Bills, Gives Himself Up to Police
(DBN)

Dorsey & Whitney Faces Malpractice Suit Over Dual Representation in Small Real Estate Matter
(DBN)

School District Reverses Suspension of Student, 6, Who Pointed Finger and Said ‘Pow’
(DBN)

Favorite Attorney Of Mass Killers Dubbed One Of The Nation's Most 'Badass' Lawyers
(DBN)

The 10 Greediest Associates of 2012
(DBN)

"The Cat Doesn't Speak"
(DBN)

America's Legislature Is Unleashing Hundreds Of New Bans In 2013
(DBN)

Woman Calls 911 To Report Property Stolen, Told To Call Back Later
(DBN)

Twin Brothers Arrested For Allegedly Fighting Over Their Shared Girlfriend
(DBN)

Fired worker in 'too irresistible ' case seeks rehearing
(DBN)

The Original South Korean ‘Lawyers Gangnam Style’ Video
(DBN)

"The Good Wife" v "Downton Abbey"
(DBN)

Man Arrested For Allegedly Using Play-Doh To 'Fix' Damaged Cars
(DBN)

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Judges:

MS: New bankruptcy judge takes oath Jan. 16 in Aberdeen --- Local law partner appointed as US Bankruptcy Judge in Mississippi
(DBN)

Law firm recruits federal judge who presided over Ebbers case
(DBN)

Obama struggles to name federal judges and get them confirmed
(DBN)

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Wall Street:

Stock futures flat as earnings season looms
(DBN)

S&P 500 at 5-year high: How long will bull run?
(DBN)

Goldman: Bond Market Investors Are About To Get Crushed
(DBN)

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Layoffs:

December jobs report shows growth, unemployment rate 7.8 %
(DBN)

There is something fishy about the government's official jobs numbers
(DBN)

Scariest Jobs Chart Ever
(DBN)

Unemployment rate unchanged, ditto for economic uncertainty
(DBN)

Peering Into Fed's Jobless Rate Ball
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Bankruptcy Litigation:

Trustee files suits in Berjac bankruptcy
(DBN)

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Video Games:

THQ Denied Bank Loan, Loses Bid For Quick Bankruptcy Sale --- More Bad News For WWE Regarding The THQ Bankruptcy --- Report: Warner Bros. Interactive Interested In Bidding On THQ's Assets --- More Potential Investors Line Up --- Five parties interested in THQ assets --- Left For The Vultures: THQ's Uphill Bankruptcy Fight
(DBN)

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Fraud:

A blow for some Madoff customers
(DBN)

Bankruptcy Judge’s Power Limited in Madoff Transfer Suits
(DBN)

Madoff Aside, Financial Fraud Defies Policing
(DBN)

DOJ vs. bankruptcy courts: Appeals court set to rule on Rothstein forfeiture
(DBN)

Autonomy: How The Creative Accounting Was Done
(DBN)

Heading Off To Prison, Peter Madoff's NYC Apartment Sold For $4.6 Million, Take A Peek Inside
(DBN)

Tim Durham To Appeal $200M Fraud Sentence
(DBN)

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HVAC:

Dallas-based Avery Air files for Chapter 7 bankruptcy after 54 years
(DBN)

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Municipalities:

Emergency manager law to be focus of Flint documentary style theater production
(DBN)

Under New Michigan Law, Bankruptcy is an Option for Cities
(DBN)

New Emergency Financial Manager Law in Michigan is More of the Same
(DBN)

Stockton: Displaced poor want city to honor deal
(DBN)

Chester battles fiscal distress
(DBN)

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Brokers:

Iowa seeks $14.1 mln in back taxes from Peregrine Financial CEO
(DBN)

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Economy:

Fed hawks hint at early end to bond buying
(DBN)

Treasury Yields Rise Most Since March on Budget Deal, Fed Views
(DBN)

CBO: Cliff Deal Leaves Huge Deficits in Place
(DBN)

The fiscal cliff negotiations, in one chart
(DBN)

How the fiscal cliff deal will affect the economy and deficits, in six charts
(DBN)

McConnell: 'Hopefully, We Don't Need To Get To The Point' Of Default --- Obama Warns GOP On Debt Ceiling: We 'Cannot Afford That Dangerous Game Again'
(DBN)

A platinum solution to fiscal woes: $1 trillion coin --- A guide to Tim Geithner's trillion dollar coin dilemma --- The Only Idea Sillier Than a $1 Trillion Coin
(DBN)

Debt ceiling: President Obama has the power to raise the debt limit without Congress
(DBN)

Bond Vigilantes Of Yore Cowed by Central Banks
(DBN)

US downgrade fears resurface as fiscal cliff deal disappoints
(DBN)

Rail Traffic Shows The Economy Is Still Muddling Through
(DBN)

Consumer credit delinquencies decline in third quarter
(DBN)

The Biggest Tax Breaks
(DBN)

JPMorgan: The US Recovery Is About To Hit A Pothole
(DBN)

An amazing mea culpa from the IMF’s chief economist on austerity
(DBN)

Study: Freer trade with China cut manufacturing employment by almost a third.
(DBN)

Secret and Lies of the Bailout
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

$10-billion settlement of foreclosure abuse cases said to be near
(DBN)

House panel asks to see foreclosure settlement
(DBN)

Housing a Sweet Spot for U.S. Economy as Recovery Expands
(DBN)

Las Vegas sees $120 million in commercial loans go into default
(DBN)

Rialto Raises $260 Million for Distressed CRE
(DBN)

'Fiscal cliff' deal saved homeowners underwater from tax man
(DBN)

Florida may relaunch rocket docket
(DBN)

Fitch warns home prices overvalued
(DBN)

Commercial Real Estate Lending: Lessons from 2012 and Predictions for 2013
(DBN)

Regulator sues JPMorgan over WaMu mortgage securities
(DBN)

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Corporate Reform:

Surprise, Surprise: The Banks Win
(DBN)

______________

Fraud:

Wall Street's Riskiest Trade
(DBN)

December 2012 Ponzi Scheme Roundup
(DBN)

The Madoff Case Is Rearing Its Ugly Head Again, And Now JP Morgan Could Get Punished --- JPMorgan ordered to comply with Madoff probe
(DBN)

After Madoff, Financial Fraud Defies Policing
(DBN)

Robert Mintz Discusses Rajat Gupta Free Pending Appeal (Audio)
(DBN)

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Food/Beverage:

Bidders emerge for the bread brands of Hostess --- Hostess in talks to sell Wonder, other bread brands
(DBN)

New reports hint at possible announcement of buyers for Hostess breads - Dallas healthy food
(DBN)

Tussle over Tully's may not be over --- Dr. McDreamy wows Seattle-area Tully's shops; bidder fight brewing?
(DBN)

The 8 Best Dim Sum Restaurants In New York City
(DBN)

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Agriculture:

Grant Family Farms closes, files for bankruptcy
(DBN)

Record cotton defaults show no signs of slowing in Q1 - ICA
(DBN)

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Tax:

Judge: tax preparer must pay back millions
(DBN)

Swiss banks see hope for tax probe deals after Wegelin demise
(DBN)

______________

Autos:

General Motors now posting profits in billions following 2009 bankruptcy
(DBN)

SAAB Australia placed in administration
(DBN)

______________

Aviation:

Flight attendants' action moves US Air-American Airline merger one step closer
(DBN)

American Airlines entering critical period in restructuring
(DBN)

American Airlines, US Airways Say Labor Deal Ratified By Pilot Associations
(DBN)

USAPA and airlines’ statements
(DBN)

AMR, US Airways Employees Smooth Merger Talks
(DBN)

Analyst says an AMR-US Airways merger 'feels more likely' now
(DBN)

US Airways pilot leaders approve transition agreement in case of American-US Airways merger
(DBN)

American CEO: US Airways merger decision just weeks away
(DBN)

Porter Airlines says it’s ‘business as usual’ despite potential loss of Newark slots
(DBN)

The Drunk Man A Flight Crew Duct Taped To His Seat Will Not Be Prosecuted
(DBN)

AeroSvit files for bankruptcy ; continuing operations
(DBN)

______________

Celebs:

Octomom Nadya Suleman back on welfare: report
(DBN)

Dempsey has big plans for Tully's
(DBN)

______________

Distressed Investing:

Wealthy investors find rich pickings in distressed assets
(DBN)

______________

Retailing:

Stonecrest Mall in DeKalb Faces Debt Trouble
(DBN)

______________

Hollywood:

Disney Seeks Emergency Stay of Judge's Order on 3D Movie Conversions
(DBN)

______________

Book Reviews:

Debt is ingrained in America’s way of life
(DBN)

______________

Shipping:

Dry Bulk Ships Seen Re-Sold While Being Built on Defaults
(DBN)

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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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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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Bankruptcy Statistics:

Consumer bankruptcies fall in 2012
(DBN)

U.S. bankruptcy filings drop 14 pct in 2012 --- Filings Fall Dramatically in 2012
(DBN)

Bankruptcy Statistics Challenge
(DBN)

Does Chapter 13 Prop Up Bankruptcy Filing Rates?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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TBTF:

Why bankruptcy rules work best when big institutions break down
(DBN)

What’s Inside America’s Banks?
(DBN)

______________

Liens:

Diversions and Restorations: A Glimpse into New York Lien Law
(DBN)

______________

Health Care:

Florida Brain-Injury Facility Files for Bankruptcy
(DBN)

Health Insurers Raise Some Rates by Double Digits
(DBN)

CEO Charged with Alleged Failure to Pay Insurance Premiums
(DBN)

______________

Avoidance Actions:

Liquidating Trustee of the Borders Liquidating Trust Starts Bankruptcy Preference Adversary Proceedings
(DBN)

______________

Banking:

Report: More FDIC Lawsuits Against Directors and Officers of Failed Financial Institutions
(DBN)

Banks given four more years to introduce minimum liquidity standards
(DBN)

Professional Liability and the FDIC; The IndyMac Decision
(DBN)

Bank Directors: Ignorance Is Bliss
(DBN)

______________

Apparel:

Bakers CEO Edison works 'puzzle' while courting buyer
(DBN)

______________

Politics:

Warren Sworn Into Senate, Says She'll Work With 'Anyone Who Will Fight for America's Families'
(DBN)

Rep. Kennedy Met Wife In Sen. Warren's Class At Harvard
(DBN)

______________

Corporate Reform:

Davis Polk Dodd-Frank report: More than 30 percent of rules remain unproposed
(DBN)

______________

Religion:

Bankruptcy judge gives Charles Street AME more time to submit amended reorganization plan
(DBN)

Rev. Gregory Groover decides to leave key post
(DBN)

Attorney's book delivers on promise to clients
(DBN)

______________

Hedge Funds:

The Most Successful Hedge Funds Of 2012
(DBN)

New rule could turn US hedge funds into informers on fraud
(DBN)

Steve Cohen's hedge fund is the most profitable in the world -- because of higher fees, not performance
(DBN)

______________

Corporate Governance:

Shareholder votes will be a feast for legal eagles
(DBN)

______________

IP:

Eastman Kodak Sued in Bankruptcy Over Kyocera Patents
(DBN)

______________

Sovereigns:

An Empirical Overview of Modern Sovereign Debt Litigation
(DBN)

Bankruptcy Regime for Nations Urged
(DBN)

______________

UK:

Reader's Digest begins insolvency proceedings as it axes direct marketing division
(DBN)

Kerry Katona: 'I was glad I got made bankrupt '
(DBN)

Insolvency expert warns of tough year
(DBN)

Top 32 tax cheats get combined 152 years behind bars
(DBN)

The British Bizarre View of Americans
(DBN)

Insolvency rate falls for the first time in four years
(DBN)

______________

EU:

Class of 2012: Diploma dilemma for Europe grads
(DBN)

______________

PIIGS:

Portugal does not need debt restructuring : IMF's Lagarde
(DBN)

Spanish banking unions brace for more job cuts --- Spain Drains Fund Backing Pensions
(DBN)

Greece's Rotten Oligarchy --- Greek Tax Scandal Distracts From a Collection Shortfall --- Greece: Creditors say no to plan for amnesty over money abroad --- Number of Greeks who found jobs in Germany in 2012 rose to 123,000 --- Greek economy yet to be transformed
(DBN)

______________

MENA:

IMF official in Egypt on Monday for loan talks
(DBN)

______________

India:

80% of students don't earn enough to repay loans
(DBN)

______________

Japan:

Japan's Sovereign Debt Time Bomb
(DBN)

______________

Offshore:

Sham directors: the fake board members who hide the activities of tens of thousands of offshore companies
(DBN)

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