July 16, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

 

Law:

Average hourly billing rate for partners last year was $727 in largest law firms
(DBN)

Layoff Watch: Even the Buyouts Are Beautiful at Davis Polk
(DBN)

Mayer Brown Settlement Reached in Billion-dollar Refco Fraud Scheme
(DBN)

Nothing You Can Say Can Cause Me To Retain You
(DBN)

Barnes & Thornburg Adds Bankruptcy Partner
(DBN)

Torys, Sullivan & Cromwell, Wachtell: Business of Law
(DBN)

3 signals that it’s time to quit your job
(DBN)

Law Librarians Survey: The New Normal
(DBN)

McDermott faces pregnancy discrimination claims from former associate
(DBN)

Keep job protections for law school faculty, ABA committee recommends
(DBN)

Amid Falling Enrollment, Law Schools Are Cutting Faculty
(DBN)

It Is Now Abundantly Clear Why Edward Snowden Is The US Government's 'Worst Nightmare'
(DBN)

Lawyer: 'I Hope George Zimmerman Has The Money To Pay Us Someday' --- Juror: 'No doubt' that George Zimmerman feared for his life --- Juror Says She Wouldn't Mind If He Were On Her Neighborhood Watch --- Juror: This Case Wasn't About Race --- Juror: The Man Screaming On The 911 Call Was George Zimmerman --- George Zimmerman Prosecutors Reveal What They Think REALLY Happened The Night Trayvon Died --- Celebrities Are Furious With The George Zimmerman Verdict And Doing Everything To Show It --- Now That Zimmerman Is Not Guilty, He Can Go Back To Suing NBC For Allegedly Making Him Look Racist --- A George Zimmerman Juror Has Already Announced Her Plans To Write A Book --- How Civil Rights Activists Are Still Trying To Make Sure George Zimmerman Pays For The Death Of Trayvon Martin--- Pretrial strategy in Zimmerman case may have been gambit to assert stand-your-ground in civil suits --- FBI: No Evidence Zimmerman was Racist --- Sharpton Plans Protests In 100 Cities --- Zimmerman prosecutor fires IT director who testified about missing exculpatory material --- It Was Just Another Criminal Case: Why The Outrage Over George Zimmerman’s Acquittal? --- NAACP: "Modern day lynching" --- How Florida Law Encourages Gun Owners To Kill Instead Of Maim --- Protesters storm Walmart --- Rally Shuts Down Major Intersection In Newark --- Star Witness And Trayvon Martin's Friend Blasts Juror Who Called Her 'Not Credible'
(DBN)

Rabbi Accused of Road Rage, Impersonating Cop to Pull Over Slow Drivers
(DBN)

Lawsuit Describes Erotic Misadventures of a Biglaw Mailroom
(DBN)

Paul Goldstein’s ‘Havana Requiem’ wins Harper Lee Prize for Legal Fiction
(DBN)

Initiative Looks To Quash Rudeness By Lawyers
(DBN)

Mass. Moves to Require Technology Competence for Lawyers
(DBN)

Brain scans may identify prison inmates likely to reoffend
(DBN)

College Student Gang Raped And Set On Fire . . . Police Blame Victim And Refuse To Register Charges
(DBN)

Superman’s Legal Duty
(DBN)

______________

Judges:

Texas Judge Under Fire After Disclosure That She Texted Prosecutor During Trial With Suggested Examination Questions
(DBN)

______________

Wall Street:

US stock futures lacking direction --- U.S. stock futures shaky ahead of CPI, Goldman
(DBN)

Markets Are Going Nowhere
(DBN)

Stocks close higher, extending a hot start to July
(DBN)

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

______________

Layoffs:

Underemployment Likely Worse Than Thought
(DBN)

18 Awesome Career Choices That Most College Kids Have No Idea About
(DBN)

Don't Worry About Robots Stealing Jobs -- This Has Been Happening For Centuries!
(DBN)

Behold The Part-Time Worker Society: "We Won't Start Hiring Full-Time People"
(DBN)

Revel Casino Eliminates 75 Jobs in New Cost-Cutting Bid
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

US economic growth looks weaker in 2nd quarter after subpar growth in retail
(DBN)

Attention, Shoppers: Store Is Tracking Your Cell
(DBN)

Eddie Lampert Used Fake Name To Argue With Employees On Sears' Internal Social Network
(DBN)

Orchard Supply Gets Approval of $176 Million in Financing
(DBN)

Orchard Supply CFO Says Lenders Helped Boost Lowe's Bid
(DBN)

____________

Food/Beverage:

Hog Supplier AgFeed Seeks Bankruptcy After Hormel Dispute
(DBN)

Twinkies Are Back, But Most of the Former Jobs Aren't --- Twinkies Are Back And Smaller Than Ever
(DBN)

Was Twinkies' Bankruptcy a Boon for the Brand?
(DBN)

____________

Newspapers:

Wall Street asset-strips Tribune's newspapers
(DBN)

____________

Aviation:

American Airlines unions faced with divvying up equity stakes in new airline
(DBN)

Pilot union votes against contract cuts at American Eagle --- American Eagle pilots say no to US Airways proposal
(DBN)

NY judge to rule if WTC developer can seek damages from airlines
(DBN)

The Rogue Employee Meets the Asiana Crash
(DBN)

Will Asiana Pilots Face Charges in Korea?
(DBN)

____________

Telecoms:

Are There Any Small US Carriers Left to Buy?
(DBN)

____________

Economy:

Consumers Hold Back as US Retail Sales Miss Forecast
(DBN)

Will Bernanke surprise markets again this week?
(DBN)

New York Manufacturing Index Reaches Five - Month High In July
(DBN)

Economists Across Wall Street Are Axing Their Forecasts For US Growth
(DBN)

The Wealth Gap Is Crushing America's Youth
(DBN)

The Next Financial Crisis Will Come With A Crisis Of Faith
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Conditions are ripe for household formation
(DBN)

Key Test Of The Housing Market Coming Today
(DBN)

Big Builders Buy Cash-Starved Rivals
(DBN)

US 'jumbo' loan rates as cheap as standard mortgages
(DBN)

'Unexpected Developments' Jeopardize $19M Sale Of Brickell-Area Site
(DBN)

Judge Denies Brandon Barber’s Release From Jail, Cites “Financial Danger”
(DBN)

____________

Banking:

FDIC's Hoenig Defends Warren's Glass-Steagall Act --- A new Glass-Steagall won't prevent another financial crisis
(DBN)

Citigroup: 41% increase in Q2 earnings
(DBN)

Two more brokers charged in Libor probe
(DBN)

____________

Municipalities:

Progress made in Detroit debt crisis --- Detroit reports settlement with some creditors --- 'Important settlement' with some creditors
(DBN)

Is Detroit Headed For Bankruptcy ?
(DBN)

Manager: Detroit could be out of cash by December
(DBN)

Detroit bankruptcy clock ticking
(DBN)

The comeback state
(DBN)

Detroit In Chapter 9: A Day Of Reckoning For Investors
(DBN)

Kevyn Orr's Battle To Save Detroit Faces A Counter-Attack
(DBN)

Detroit Ready to Drop Restraining Order on Syncora
(DBN)

Detroit schools getting new emergency manager
(DBN)

Citigroup Chosen to Manage Jefferson County Debt Refinancing
(DBN)

Buy Buffalo Bill's pipe and help rescue Harrisburg
(DBN)

Denver Considers Charging People To Work Out In City Parks
(DBN)

State votes to eliminate Pontiac retirees’ health care
(DBN)

CalPERS earns 12.5% on investments over the past year
(DBN)

____________

Treasure:

Receiver Wants Fugitive Treasure Hunter's Bankruptcy Case Tossed
(DBN)

____________

Entertainment:

Will Trans World Entertainment Go Bankrupt Despite Rising Earnings?
(DBN)

____________

Television:

Creditors question KIT Digital chapter 11 plan
(DBN)

____________

Vacuums:

Oreck's new owner would give up company-owned stores
(DBN)

Oreck buyer to downsize Nashville HQ
(DBN)

____________

Coprorate Reform:

Sen. Reid attempts to block filibuster of Cordray nomination --- Senate Nuclear Showdown Approaches Farce --- No Breakthrough On Filibuster
(DBN)

____________

Fraud:

Investors Sue Insurance Company That Vouched for Stanford Ponzi Scam
(DBN)

Tourre Lawyers Urged to Cut Down Jargon for Jurors’ Sake
(DBN)

Villain or Scapegoat? Lawyers Duel as Tourre Trial Kicks Off
(DBN)

Jury convicts Craig Toll - right-hand man for fraudster Osorio
(DBN)

USA Springs case may not be completely dead yet
(DBN)

____________

Health Care:

Gallup: Opposition to Obamacare growing
(DBN)

Man wakes up with amnesia and can speak only Swedish
(DBN)

____________

Autos:

Why GM Hasn't Repaid Taxpayers
(DBN)

____________

Tech:

Requested bid for EIT: $250K
(DBN)

____________

Shipping:

Chinese Shipping Company Goes Bankrupt
(DBN)

____________

Celebs:

Charles Ramsey: Cleveland 'hero' Charles Ramsey says he's burned through donations after buying a BMW and now he's broke, jobless and homeless
(DBN)

____________

Agriculture:

Grabanski assets up for grabs
(DBN)

____________

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 (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Automatic Stay:

Continuing Automatic Stay Not Error; Company Implicitly Waived Sec. 362(e)(1)
(DBN)

____________

Personal Bankruptcy:

Citigroup Failed to Redact Personal Data from Consumer Bankruptcy Filings - DOJ
(DBN)

____________

Valuation:

Delaware Bankruptcy Court Finds No Value in Litigation Trustee’s Method of Valuing Going Concern of Debtor
(DBN)

____________

Recent Pleadings:

UST Slams Latham's Request For $425,00 Evergreen Retainer: "Unnecessary encumbering and binding of estate funds and resources"
(DBN)

______________

Lehman:

Lehman Beats Plaintiffs in Employee Stock Plan Case
(DBN)

Lehman Trustees in US and Germany Defend $550 Million Settlement
(DBN)

____________

Bankruptcy Crimes:

Toms River Man Charged with Concealing nearly $200,000 in Assets in 2008 Bankruptcy Filing
(DBN)

____________

Student Debt:

Bipartisan deal on student loan rates falls through
(DBN)

____________

UK:

Three bids for Hearts
(DBN)

Directors to be liable for corporate collapses
(DBN)

Bankrupt father, 50, who wrecked £250,000 home with JCB when he faced eviction is jailed for two years
(DBN)

HMRC launches taskforces in holiday and restaurant industries
(DBN)

Dramatic fall in firms at risk of going bankrupt
(DBN)

How Workers In The UK Are Getting Crushed In One Chart
(DBN)

Bankrupt given 10 year BRO
(DBN)

Kerry Katona poses topless, talks plans for marriage and more babies
(DBN)

____________

EU:

EU bank resolution post-Cyprus
(DBN)

Europe Is On The Verge Of A Japanese-Style Lost Decade
(DBN)

Europe's car sales hit 17-year low - but a recovery is far off
(DBN)

____________

PIIGS:

Recent case law regarding Court homologations under the Spanish Insolvency Act: A new route to bind dissident creditors in Spanish pre-insolvency restructurings? --- Deepening Spanish credit crunch could hit banks, economy, says IMF
(DBN)

Greek motorcycle rally starts off week of protests
(DBN)

____________

Canada:

Bankrupt Memramcook Institute owes creditors $4.5M
(DBN)

____________

Germany:

German TV maker Loewe files for insolvency protection
(DBN)

____________

China:

China growth slows to 7.5% in second quarter
(DBN)

'China's Madoff' was executed in secret
(DBN)

China Must Burst Debt Bubble. Pay the Price
(DBN)

Why Experts Are Convinced China's Economy Is Doomed
(DBN)

____________

Caymans:

Timing is everything: Cross-border recognition and Bear Stearns reprised
(DBN)

Resolving failed banks
(DBN)

____________

MENA:

US Envoy Spurned by Both Sides in Egypt
(DBN)

Egypt's Real Problem: Economy in Free Fall
(DBN)

Egyptian Politics As Filtered Through The Dumbest Attorney Alive
(DBN)

____________

India:

Why You Shouldn't Let A Little Boy Polish Your Shoes Near The Taj Mahal
(DBN)

____________

 

 

 

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013