July 10, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Cahill Summer Bonuses Are Back
(DBN)

Elite Law Firm's Mass Layoff Was A Morale Bomb At The Worst Possible Time
(DBN)

Are Top Law School Grads Immune to Crushing Debt and Unemployment?
(DBN)

Overcapacity in Biglaw
(DBN)

Schiff Hardin, Arnold & Porter, Gibson: Business of Law
(DBN)

Amid Deal Dip, Davis Polk Again Tops M&A Adviser Lists
(DBN)

Law School Proudly Displays Award from Satirical Paper
(DBN)

Law School: Slashing Class Size, Keeping Tuition High
(DBN)

Hamline Law School dean to step down, return to practice
(DBN)

The Feds Step In to Take Over Yet Another Underfunded Biglaw Pension Plan
(DBN)

The ABA Does Something Right! Will U.S. News Follow And End One Perverse Incentive For Law Schools?
(DBN)

Successful Lateral Integration for Law Firms
(DBN)

Law firm Dykema to open Austin office
(DBN)

Richards Layton Elects New Director, Two as Counsel
(DBN)

Am Law 100 Firms Mum on Question of Smartphone Security
(DBN)

Canada: Law firm McCarthy Tétrault tops for work and family balance
(DBN)

Medical Expert: Trayvon Martin Was On Top Of George Zimmerman --- How To Destroy A Witness On The Stand
(DBN)

Snowden Asylum Bid Leaves a Quandary on Getting There --- Obama Plan: Everyone Spy on Each Other
(DBN)

How To Get Out Of A Speeding Ticket
(DBN)

35 Random Corners Of The Internet You Should Visit When You Need A Break
(DBN)

Lawyer Suing Apple Is Banking On Millions of People Being As Stupid As He Was
(DBN)

3 Cleveland Women Who Were Kidnapped Say 'Thank You' In New Video
(DBN)

Judge jails lawyer accused of stealing $4.5M from clients, says he dissipated assets
(DBN)

School board axes law firm after attorney’s viral video rant
(DBN)

Defendant flees courtroom after not-guilty plea, pursued by security officers and his mother
(DBN)

New York Doctors Misdiagnose Woman’s Condition, Fail To Properly Treat Her, Wrongly Pronounce Her Dead, And Begin To Harvest Her Organs When She Wakes Up . . . Fined $6,000
(DBN)

Here's The Text Message Conversation That Aaron Hernandez Had With Odin Lloyd The Night He Was Killed
(DBN)

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Judges:

Yakima bankruptcy judge named to appeals panel
(DBN)

Former NSA Judge: The Spying Court Should Not Be Approving Dragnet Surveillance
(DBN)

NSA oversight flawed by lack of legal adversaries, former FISA judge says
(DBN)

Courtroom suicide should be a wake-up call that security is needed at rural courthouse, says sheriff
(DBN)

Senate Eyes Filibuster as Judicial Nominees Await Votes
(DBN)

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Wall Street:

Stock futures lower ahead of Fed minutes, Bernanke
(DBN)

Chinese trade figures weigh on markets
(DBN)

Stocks Gain on Earnings Optimism
(DBN)

Most Profitable 2 Seconds on Wall Street
(DBN)

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Layoffs:

The US Jobs Market Is Finally Heating Up
(DBN)

Still Not Enough People Willing to Quit Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Detroit's legal fees could top $100 million for a Chapter 9 bankruptcy
(DBN)

Detroit Police and Fire pension fund may try to force city's $30M payment
(DBN)

Fear and stoicism amid Detroit's crisis
(DBN)

Detroit's Greek tragedy --- Shattered Lane
(DBN)

Bond insurer says Detroit GO bond default would hinder future borrowing
(DBN)

Battle heats up over funding, control of Detroit pension funds
(DBN)

Major insurer opposing Kevyn Orr's Detroit plan
(DBN)

As Detroit teeters on bankruptcy , creditors are left holding the bag
(DBN)

It's time to plan for what comes after bankruptcy in Detroit
(DBN)

Its relevance reduced, Detroit council picks new leaders
(DBN)

A 911 response in Detroit takes how long?
(DBN)

Kevyn Orr cancels bus tour for city creditors
(DBN)

Top 10 places to see Detroit's pain, promise — with or without Orr's tour for creditors
(DBN)

Report: Hazel Park Schools likely in financial stress, facing $3.3M deficit
(DBN)

Stockton City Council agrees to put tax hike measure on November ballot
(DBN)

San Bernardino: A year under bankruptcy cloud
(DBN)

The Fittest Cities In America
(DBN)

And the Top State for Business is.....
(DBN)

Sen. Hatch Pushes Pension Overhaul --- Says insurance firms can ease U.S. pension crisis
(DBN)

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Alternative Energy:

Gehrlicher Solar sunk by termination of $110 million bank loan
(DBN)

Conergy Americas not affected by German insolvency filing
(DBN)

Conergy: Module production to 'restart soon'
(DBN)

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Economy:

IMF slashes global growth forecasts --- Reduces Global Growth Projections as US Expansion Weakens --- Nervous markets are a risk to global economy: IMF
(DBN)

Small-Business Confidence Slips
(DBN)

Employment Trends Index Moves Higher
(DBN)

Why Christina Romer Should Be the Next Fed Chair
(DBN)

Investors Brace For News Out Of Fed Minutes
(DBN)

One Difference Between a Great Recession and a Great Depression: Jobs
(DBN)

Central Bankers Hone Tools to Pop Bubbles
(DBN)

Credit-Card Delinquency Falls to Lowest Rate Since 1990
(DBN)

How capitalism's great relocation pauperized America's 'middle class'
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fannie and Freddie Fight: Hedge Funds vs. Treasury --- Why Investors Sued Uncle Sam for Bailing Out Fannie and Freddie
(DBN)

Why Home-Price Gains Will Slow Amid Higher Mortgage Rates
(DBN)

15 Year Mortgages Vs. 30 Year Mortgages — Here's What You Should Know
(DBN)

Fairholme Funds Sues U.S. for Fannie Mae Profit
(DBN)

11 Clauses To Beware The Next Time You Sign A Lease
(DBN)

Appeals court says Mass AG can investigate foreclosure law firm over claimed unfair, deceptive acts
(DBN)

Foreclosure inventory drops 29%: CoreLogic
(DBN)

Miami Company Asks Judge To Stop Brickell Sale In Renzi Bankruptcy
(DBN)

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Finance:

NYSE operator takes over administration of LIBOR key bank lending rate
(DBN)

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Rating Agencies:

Judge tentatively lets US pursue fraud lawsuit vs S&P
(DBN)

Argument That S&P's Ratings Were 'Puffery' Doesn't Fly
(DBN)

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Coal:

UMWA rallies against Patriot Coal in Fairmont --- 30 people arrested during protest --- Rockefeller stands with Patriot retirees
(DBN)

Arrests peaceful at miners-union protest
(DBN)

Patriot says cuts are less than maximum
(DBN)

Arch Coal May Face Bankruptcy By Mid-Decade
(DBN)

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Food/Beverage:

'New' Twinkie's secret ingredient: less debt
(DBN)

West Des Moines Hooters closes abruptly
(DBN)

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Celebs:

' Bankrupt ' UB40 Star Joins UB40 Cover Act
(DBN)

Like other athletes, Aaron Hernandez had a criminal defense lawyer while still in college
(DBN)

Casey Anthony Cleared on Useless Rescue Search
(DBN)

Casey Anthony Movie And Book 2013: Tot Mom 'Opposed' To Selling Life-Story To Pay Creditors In Bankruptcy Dispute
(DBN)

Paula Deen's Management Lead to Meltdown
(DBN)

Eva Longoria’s ‘Desperate’ New Boyfriend Exposed — He Filed For Bankruptcy In 2012
(DBN)

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Mass Torts:

Ousted Attorney Blames Firm for Asbestos Misconduct Claim
(DBN)

Garlock Sealing Technologies LLC Files Pre-Trial Brief for Upcoming Asbestos Liability Estimation Trial
(DBN)

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Health Care:

Amputee Builds A Prosthetic Leg With LEGOs
(DBN)

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Fraud:

Graft Is On The Rise Around The World
(DBN)

Rival Liquidation Plan Filed In Rothstein Rosenfeldt Adler Case
(DBN)

Madoff’s Picasso, Lichtenstein Pieces Heading to Auction
(DBN)

Investors Sue Insurance Company That Vouched For Stanford Ponzi
(DBN)

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Magazines:

Post Chapter 11, RDA Looks for Turnaround
(DBN)

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Electricity:

How Texans Could Be on the Hook if Energy Future Holdings Goes Bankrupt
(DBN)

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Corporate Reform:

Warren urges Senate to confirm consumer watchdog
(DBN)

Consumer Bureau to Sanction Banks Over Collection Methods
(DBN)

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Debt Collection:

US debt collector hit with record penalty for abusive calls
(DBN)

____________

Video Games:

Defunct THQ Sued by Sega Over Company of Heroes 2
(DBN)

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Vacuums:

Hoover parent snaps up Oreck at auction --- Deal by rival may save jobs at Oreck
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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:

Utah bankruptcies down so far this year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Safe Harbors:

Safe Harbor Update: Still a Good Defense to Fraudulent Transfer and Preference Claims
(DBN)

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Automatic Stay:

Annulling the Automatic Stay: When Is Retroactive Relief Available?
(DBN)

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Executory Contracts:

Consequences of the Rejection of LLC Operating Agreements and Sale of LLC Membership Interests
(DBN)

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TBTF:

US regulators place GE Capital, AIG under additional supervision
(DBN)

Justice Department Says Bernanke Shouldn't Testify In Multibillion Dollar AIG Lawsuit
(DBN)

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Corporate Governance:

Corporate Officials' Defense Cost Advancement Rights
(DBN)

Liquidating Trust Receives Joint Venture Interests Notwithstanding Transfer Restrictions in Operating Agreement
(DBN)

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Student Debt:

Student loan write-offs rise as bankruptcy rule relaxes, reporting agency says
(DBN)

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Autos

How the Fed fueled an explosion in subprime auto loans
(DBN)

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Aviation:

American Airlines revenue measure rises
(DBN)

States vow confidentiality in airline merger study
(DBN)

New Bill Would Help American Airlines Union Workers
(DBN)

The Highest Fees in the Airline Business
(DBN)

Flight Attendants Ejected During Crash
(DBN)

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Humor:

The 25 Smartest Comebacks Of All Time
(DBN)

___________

Brokers:

Gasparino on Corzine: “What He Did Was Not Criminal, What He Did Was Stupid”
(DBN)

Jon Corzine and 'Willful Blindness'
(DBN)

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Tax:

IRS Chief Pushes to Kill Bonuses
(DBN)

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Shipping:

Korean carrier facing bankruptcy leads to reduced capacity
(DBN)

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Derivatives:

ISDA set to rule on Cengage bankruptcy after deal with loan holders
(DBN)

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Sovereigns:

Argentina’s bondholders deserve their day in court
(DBN)

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UK:

Reckless Bankers Seen Avoiding Jail Even as Osborne Backs Plan
(DBN)

PwC appointed administrator of Britain's biggest coal miner
(DBN)

IMF upgrades UK growth as its cuts rest of the world
(DBN)

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EU:

EU Unveils Bank-Failure Plan in Face of German Opposition
(DBN)

EU says owners, junior debt-holders of aided banks to bear losses
(DBN)

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PIIGS:

Portugal president extends talks on gov't future
(DBN)

Italian, Spanish Bonds Decline After S&P Lowers Italy's Rating
(DBN)

NAMA tries to stop Seán Dunne's US plans --- Developer Dunne 'lied' to court, claim NAMA
(DBN)

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Australia:

Ominous signs from debt canaries
(DBN)

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Poland:

Coal giant denies bankruptcy
(DBN)

____________

MENA:

Is Egypt heading for holy war? --- Egypt's secret police return to the streets --- Brotherhood rejects Mansour poll decree --- Gulf states step in with billion-dollar lifeline for Egypt --- Egypt names new prime minister --- Egypt seeks end to crisis with quick elections --- In Egypt , it's the economy...
(DBN)

____________

China:

China warns of 'grim' trade outlook after surprise exports fall
(DBN)

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