July 17, 2013

The Daily Bankruptcy News

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Law:

Mourning the Biglaw of Yore
(DBN)

Akin Gump plans move to all-equity partnership structure
(DBN)

Baker Botts, Gibson Dunn, Davis Polk: Business of Law
(DBN)

Forget BigLaw; Watch BigClient
(DBN)

How To Fail The Bar Exam With Style
(DBN)

Ill. lawyer gets year in prison in Refco fraud
(DBN)

"Who Gets the Jewels When a Law Firm Dissolves?: The Unfinished Business Doctrine and Hourly Matters"
(DBN)

Sedgwick Trims Malpractice Claims Over Role in Ponzi Scheme
(DBN)

Law Professors Enter A Time Of Consequences As ABA Fights To Preserve Their Status Quo
(DBN)

Law school will rename its atrium after benefactor pleads guilty to wire fraud
(DBN)

Law schools 'about to get walloped'
(DBN)

Ex-UL law school worker charged in scholarship case
(DBN)

Juror backs down from plans to write book about Zimmerman trial --- Juror: First vote was split 3-3 --- Juror: That's when we cried --- Juror: 'I felt sorry for Rachel Jeantel' --- Jeantel: "The Jury, They Old. That's Old School People. We In A New School, Our Generation" --- Trayvon Martin's Friend, Rachel Jeantel, Offered A Full College Scholarship --- Attorney General Eric Holder Blasts 'Stand Your Ground' Laws After The George Zimmerman Verdict --- George Zimmerman Juror Who Went On CNN Really Hates The Media --- Zimmerman Protests Turn Violent In Los Angeles
(DBN)

Reports: Snowden files for asylum --- Messy Handwritten Note --- Snowden Declares Immunity To Torture
(DBN)

Ex-Glock GC remains locked up despite tossed convictions; judge maintains contempt but recuses
(DBN)

Gang Sets Up Office In Prison To Conquer The Baltimore Drug Market
(DBN)

Lawyer who smuggled client’s ‘hit list’ from jail should get 4-year suspension, bar judge says
(DBN)

‘Certifiable saint’ but for indirect role in $2.4B fraud, ex-BigLaw partner gets 1 year in club fed
(DBN)

Lawyer to face first-degree murder case after his wife dies from gunshot wound
(DBN)

Doctor arrested on suspicion he carried out four murders of people linked to medical school that fired him
(DBN)

What Life Is Like For Aaron Hernandez In Jail
(DBN)

Mexico Captures Head of 'Zetas' Cartel --- Reportedly Liked To 'Stew' His Victims
(DBN)

Police bust s-- home-delivery service
(DBN)

#NoJustice: Kim Kardashian Forgets Her Father Represented O.J. Simpson
(DBN)

Parents Break Into A Brawl At Chuck E. Cheese
(DBN)

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Judges:

Tx. Judge Fought Dead in His Chambers
(DBN)

Pioneering Lab to retire after 7 years at courthouse, will now ‘just be a dog’
(DBN)

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Wall Street:

Stock futures trade in tight range ahead of Bernanke
(DBN)

Stocks close lower after Q2 earning reports
(DBN)

On Wall Street, a Culture of Greed Won't Let Go
(DBN)

Goldman's Earnings Were Great…Until You Look At The Details
(DBN)

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Layoffs:

Worker pay to see 2.9% boost
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Trucking:

Pilot reaches settlement with 8 trucking firms
(DBN)

Trucking Firm Averts Bankruptcy
(DBN)

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Municipalities:

Detroit Said to Reduce Swaps Debt by 25% in Deal With Banks
(DBN)

Charitable Citizens Try to Save Struggling Detroit
(DBN)

Detroit's demise
(DBN)

Bankruptcy filing by Detroit could be long, costly, complicated
(DBN)

Detroit is honor-bound to pension obligations
(DBN)

Creditors Take A 25 Percent Haircut In Kevyn Orr's First Deal
(DBN)

Wall Street fights Orr's bondholder payback plan
(DBN)

Snyder says Orr hasn't recommended a Chapter 9 filing for Detroit
(DBN)

Meeting's between Orr and creditors could precede Chapter 9 bankruptcy filing
(DBN)

Michigan's Levin: Detroit bankruptcy would clear debt 'dragging us down'
(DBN)

Detroit water, sewer bonds may still face downgrade-Fitch
(DBN)

City of Cincinnati's bond rating is downgraded
(DBN)

Bankrupt Stockton Hires Additional Cops To Qualify For Federal Grant
(DBN)

The Truce That Could Save American Cities
(DBN)

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Food/Beverages:

Twinkies return to American store shelves: Thanks, private equity.
(DBN)

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Non-Profits:

Feds review defunct nonprofit's spending
(DBN)

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Awards:

FTI Consulting Honored with Six Turnaround Atlas Awards
(DBN)

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Retailing:

Paul Krugman Tells Hedge Fund Manager Eddie Lampert How A Business Is Supposed To Work
(DBN)

Struggling Billabong Gets $294M Bridge Loan
(DBN)

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Economy:

Industrial Production Climbs In Line With Expectations --- Rises by Most in Four Months
(DBN)

Bernanke Seeks to Divorce QE Tapering From Interest Rates
(DBN)

Consumer prices jump --- But inflation still tame --- Gas Prices Caused Consumer Inflation To Heat Up --- 2007 Ethanol Law Part of High Gasoline Prices --- California Returns to $4 Gasoline
(DBN)

Fed's George Says It's Time to Taper
(DBN)

China's Treasuries Holdings Hit Record as Investors Sell
(DBN)

OECD: Unemployment won't fall until late 2014
(DBN)

The McDonald’s Guide to Living On Its Wages
(DBN)

Guess which nation works hardest
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homebuilder Confidence Surges To 57, Crushing Expectations
(DBN)

Cole Taylor considering sale of mortgage business
(DBN)

CoreLogic: Rising rates are not fueling a housing bubble
(DBN)

Arizona Kept Millions in Aid for Homeowners
(DBN)

Freddie Mac Said to Plan $400 Million Sale of Risk-Sharing Debt
(DBN)

Bipartisan legislation unveils measures to reform FHA
(DBN)

Tenth Circuit Affirms Dismissal of Securities Act Claims Against Banks That Underwrote Stock of Failed Mortgage Lender
(DBN)

Bankruptcy Judge Approves Sale Of Renzi Land In Brickell
(DBN)

60,000 honeybees invade home
(DBN)

Bankruptcy auction approved for former Versace mansion
(DBN)

The Most Expensive Mansion For Sale In America
(DBN)

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Banking:

FDIC Failed Bank D&O Litigation Update
(DBN)

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Lehman:

Circuit Rejects Suit by Lehman Retirees Who Lost Savings
(DBN)

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Health Care:

Doctors giving up on their practices
(DBN)

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Biotech:

Biovest Exits Bankruptcy , Appoints New CEO
(DBN)

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Hedge Funds:

Hedge Funder Who Uses Twitter A Lot Is Being Investigated And Allegedly Attempted Suicide
(DBN)

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IP:

Grant & Eisenhofer Files Suit against Cantor Fitzgerald on Behalf of Refco Bankruptcy Estate, Alleging Cantor Affiliates Walked Away with Proprietary Technology Assets
(DBN)

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Aviation:

Job totals at American Airlines keep drifting lower
(DBN)

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Religion:

Big Anderson church files for Chapter 11 bankruptcy
(DBN)

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Hollywood:

Assets Of Oscar-Winning Visual Effects Company Being Auctioned
(DBN)

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Debt Collection:

How the FTC one-upped the debt collector
(DBN)

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Celebs:

Ponzi scheme victims may get portion of former boy-band creator Lou Pearlman's estate
(DBN)

Three creditors withdraw their bankruptcy filings against NJ Assemblyman Robert Schroeder
(DBN)

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Corporate Governance:

Delaware `Public Benefit Corporation' Lets Directors Serve Three Masters Instead Of One
(DBN)

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Personal Finance:

Here's What Happens When You Drive Up To A Toll Booth And Realize You Don't Have Any Money
(DBN)

11 Outrageous Things People Did To Save Money
(DBN)

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Fraud:

Tourre Jury Endures CDO Testimony From A to Zzzzz
(DBN)

Top Witness for the S.E.C. Turns Testy on the Stand
(DBN)

Arsenal of Legal Firepower Masses Around Tourre Trial
(DBN)

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Telecoms:

LightSquared exit loan fills at steeper OID as court date looms
(DBN)

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Autos:

Saab Liquidation Plan Approved by Court, Creditors to Be Paid Back
(DBN)

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Tax:

Hart: I never hid any assets
(DBN)

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New Bankruptcy Opinions
(10 new opinions 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 (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)

______________

Bankruptcy Statistics:

Jacksonville, Middle District bankruptcy filings fall to slowest pace since 2008
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Safe Harbors:

Using the Bankruptcy Code 'Safe Harbors'
(DBN)

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Avoidance Actions:

Contract Assumption Defense Puts Brakes on Mustang Preference Suit
(DBN)

Strong Arm Powers: What Happens When a Mortgage Is Avoided – Does It Go Poof?
(DBN)

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Miscellaneous:

Distressed Company Watch List
(DBN)

____________

Recent Pleadings:

 

______________

TBTF:

We should simply stop bailing out banks
(DBN)

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Litigation:

Judge Refuses to Disqualify EDD Vendor for Playing Both Sides
(DBN)

Motion for Class Cert Filed in 'Da Silva Moore' Despite EDD Limits
(DBN)

____________

TBTF:

Greenberg Says Bernanke Testimony Key in AIG Bailout Suit
(DBN)

____________

Alternative Energy:

Tesla shares down 13% on analyst skepticism
(DBN)

____________

Cross-Border:

Pioneer Freight Futures Files Chapter 15 in U.S,
(DBN)

____________

Insurance:

Director and Officer Indemnification and Insurance--Issues for Public Companies to Consider
(DBN)

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Corporate Reform:

Nuclear Option Senate Fight: Obama Wins, GOP Caves - Cordray In
(DBN)

SEC Lawyer on Major Cases to Leave
(DBN)

New Glass Steagall Won't Stop New Crisis
(DBN)

____________

Video Games:

THQ Gets Approval of Liquidating Plan Ending Bankruptcy
(DBN)

____________

UK:

Insolvency map: North East is hardest hit but number going bust drops
(DBN)

Imogen Thomas rants about Kerry Katona
(DBN)

Banks check Chinese walls as Hannam appeal reveals cracks
(DBN)

____________

EU:

More women in the boardroom? Europe considers forcing the issue.
(DBN)

Cyprus gov't upbeat ahead of first troika review
(DBN)

Hungary wants to repay IMF loan early and close fund's office
(DBN)

____________

PIIGS:

OECD Sees Spanish, Greek Unemployment Rates Climbing to 28%
(DBN)

ie: Shane Filan reveals bankruptcy heartache and depression --- Court rules Fitzpatrick £250000 loan does not have to be repaid --- O'Donnells should be adjudicated bankrupt here, High Court told --- FitzPatrick and former Anglo employee win €287k loan case
(DBN)

Greeks strike against public sector cuts --- Kazarian Emerges After 20 Years With Bid for 10% of Greek Debt
(DBN)

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China:

Aviva Looks for Red Flags as $112 Billion Matures
(DBN)

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Brazil:

Bankruptcy Concerns Grow Over Brazil Billionaire's Oil Company
(DBN)

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St. Kitts and Nevis:

St. Kitts And Nevis Parliament To Repeal Century-Old Bankruptcy Act
(DBN)

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Russia:

Russian Courts Battling For Authority Over Consumer Bankruptcy
(DBN)

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Copyright 2013