July 29, 2013

The Daily Bankruptcy News

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Law:

How Badly Has Biglaw Been Battered?
(DBN)

Revenues Up at Larger Law Firms
(DBN)

Biglaw Practice Today — Cruel Expectations
(DBN)

Introducing the Price Point Law Firm
(DBN)

Bankruptcy Trends
(DBN)

A Biglaw Partner’s Big-Ticket Divorce Bill
(DBN)

Barrister puts wig and gown on eBay and issues dramatic warning to Bar wannabes
(DBN)

Profitability plummets at growing number of UK firms
(DBN)

The Future of Fees
(DBN)

Million Dollar Law Degree: Repetitive (and avoidable) mistakes
(DBN)

Being A Partner Isn’t The ‘Worst Job In Biglaw’ — Being A Pregnant Associate Is
(DBN)

Kate's Baby Belly: Doing more for women (including lawyer moms) than book "Leaning In"
(DBN)

At the Supreme Court, Number of Women Advocates Improving
(DBN)

Lawyer: Going Part-Time After Having A Kid Was 'Career Suicide'
(DBN)

How to Handle Your Evil Clients
(DBN)

Man who worked as office boy for Morgan Lewis before eventually making partner dies at 96
(DBN)

A Dangerous, Million-Dollar, Law School Distraction
(DBN)

Law School Reformers Create 'False Sense of Doom'
(DBN)

How Not to 'Retire and Teach'
(DBN)

I Bet You Thought Going To Charleston Law Was Already Rock Bottom
(DBN)

Law Professor Defends Law Schools; Blames Media, Students, Advisors, Everybody But Himself
(DBN)

The most expensive apps for iPhone and iPad --- 13 Ridiculous Things Siri Says
(DBN)

Why I Sold My iPad
(DBN)

The Am Law 200's Secret Pro Bono Weapon
(DBN)

Of Biglaw, Nazis, and Princes
(DBN)

Legislator wants apology from Akin Gump for tweet
(DBN)

Armed Man Robs $53 Million Worth Of Jewels From Cannes In Broad Daylight
(DBN)

Glenn Greenwald: Even Low Level NSA Analysts Can Spy On Phone Calls And Emails --- The White House Should End The Bulk Collection Of Americans’ Phone Records --- NSA Faces Backlash Over Phone Data --- NSA Critics to Testify Before Congress --- Feds tell Web firms to turn over user account passwords --- The 217 Representatives Who Voted To Keep NSA Spying On All Your Data --- Who Are We at War With? That’s Classified
(DBN)

Tim Tebow calls Aaron Hernandez murder charge 'heartbreaking and sad' --- Bail for Hernandez associate set at $500,000 cash --- Jobless pal lived at Hernandez pad --- Legal experts, lawyers discuss judge's release of Hernandez warrants
(DBN)

Cleveland Kidnap Victim Amanda Berry Surprises Concert Crowd --- Ariel Castro takes plea in Ohio kidnap case, expected to get life plus 1,000 years
(DBN)

7 Dead In Florida After Negotiations With Gunman 'Just Fell Apart'
(DBN)

Bankruptcy attorney who admitted theft still has law license
(DBN)

Backhoe stolen from construction site and used to break into Queens bank
(DBN)

BMW Driver, 72, Cops To Intentionally Running Over Mother Duck And Ducklings Crossing Road
(DBN)

Judge OKs Weight Discrimination at Work
(DBN)

8 horrible courtroom jokes and their ensuing legal calamities
(DBN)

Denied a pay raise, lawyer stole $15K from firm as he ‘spiraled down’
(DBN)

Mug Shots
(DBN)

Man Wearing Only Boxers Goes On Rampage Inside Fancy Beverly Hills Eatery
(DBN)

Florida Police Shoot Man Who Was Retrieving Cigarettes From His Mother’s Car In Family’s Driveway
(DBN)

Former 'American Idol' contestants sue for $25 million each
(DBN)

Neiman Marcus Settles Suit Filed By 'A Woman Scorned' Who Tried To Return $1.4 Million In Goods
(DBN)

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Judges:

Surveillance State Not John Roberts' Fault
(DBN)

Justice Alito came into a ton of money
(DBN)

SCOTUS favorability rating drops below 50% for the first time in almost 30 years
(DBN)

Ginsburg calls Southern states’ actions in wake of Voting Rights decision ‘predictable’
(DBN)

Fired court worker says she saw judge have sex with bailiff; judge calls claim ‘false and baseless’
(DBN)

Have robe, will travel
(DBN)

Is Ginni Thomas' Expanding Activism a Problem for Supreme Court Justice Clarence Thomas?
(DBN)

Court official fired after video of woman complaining of assault goes viral
(DBN)

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Wall Street:

Stock futures point lower
(DBN)

People Are Using Borrowed Money To Buy Stock Like It's 2007 And 1999
(DBN)

From Refineries To Power Plants — A Rundown Of JP Morgan's Huge Portfolio Of Physical Assets
(DBN)

Wall Street Interns: Here Are The 21 Rules For Getting Hired That No One Else Will Tell You
(DBN)

Wall Street Interns: Here Are The 21 Rules For Getting Hired That No One Else Will Tell You
(DBN)

Goldman's Blankfein: The Worst Case Scenario 'Absolutely Will Happen'
(DBN)

JP Morgan to Exit Commodities Trading
(DBN)

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Layoffs:

Why we're working less than our parents did
(DBN)

Obama Disputes Job Projections For Keystone XL Pipeline
(DBN)

No, Really, How Do We Keep Robots From Destroying Humans?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

OVERSTOCK.COM CEO: Steve Cohen Is Directly Responsible For Corruption That Has Cost Hundreds Of Thousands Of People Their Jobs ---CEO mocks SAC Capital indictment in WSJ ad
(DBN)

SAC on the Chopping Block: Cui Bono? --- SAC Capital courtroom showdown to come --- Indictment Of SAC Capital Doesn't Stop Steve Cohen From Throwing A Huge Party
(DBN)

SAC’S Cohen Risks Losing Fortune While Keeping His Freedom
(DBN)

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Mass Torts:

Tennessee victims in U.S. meningitis outbreak win new avenue for lawsuits
(DBN)

Halliburton pays the max fine for destroying evidence in the Gulf oil spill case ---- $200k
(DBN)

Confusion Clouds BP Settlement
(DBN)

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Metals:

Suit could impact Ormet sale
(DBN)

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Credit Cards:

Interchange Updates: Canada, EU, and the US
(DBN)

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Corporate Reform:

5 Years and So Few Charged in Financial Crisis
(DBN)

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Telecoms:

Dish Chair Would Profit From LightSquared Bid, Sources Say
(DBN)

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Economy:

Obama likely won't announce Fed chair pick until fall --- Obama Says He Has Narrowed Decision on Next Fed Chairman --- Obama Gave His Clearest Comments Yet On What He Wants To See In The Next Fed Chair
(DBN)

Consumer Sentiment Shows Improvement in July
(DBN)

AP: 4 In 5 US Adults Face Near-Poverty, No Work For At Least Parts Of Their Lives --- Whites below poverty line at 41%, twice number of poor blacks
(DBN)

The Whole World Is Getting Richer, and That's Good News
(DBN)

Obama Says Income Gap Is Fraying U.S. Social Fabric
(DBN)

Who Isn't Being Left Behind in the Recovery?
(DBN)

Treasury's Lew: Congress needs to pass debt limit
(DBN)

5 Reasons The Fed Taper Will Kick Off In September
(DBN)

CBO: Sequester II Could Cost 1.6M More Jobs --- Ouch More Americans say sequester hurts: NBC-WSJ poll
(DBN)

Motor city mess Why the middle class needs to pay attention to Detroit
(DBN)

Detroit Is A Tragedy, But The Retirement Crisis Touches Us All---Especially Generation Y
(DBN)

What the World’s Middle Classes Are Really Protesting
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home-loan rates ease, Freddie Mac says; 30-year fixed at 4.31%
(DBN)

More mortgage delinquencies cure on improved home prices
(DBN)

Annual home prices rise 7.9% in latest LPS report
(DBN)

Investors are moving out of housing. Here's why
(DBN)

GMAC Mortgage joins independent foreclosure review settlement
(DBN)

Housing sparks a recovery, but could QE exit put out the flames?
(DBN)

Strong housing market powers subprime, alt-A RMBS
(DBN)

Bank cleans out wrong house, denies owner's compensation claim
(DBN)

China's Newest Real Estate Investment Craze: Detroit's Housing Crisis
(DBN)

Detroit's Developers Unfazed by Bankruptcy
(DBN)

Reinvigorating A Detroit Neighborhood, Block By Block
(DBN)

ResCap paying $198M for US foreclosure claims
(DBN)

$21.5 Million Sale Of Renzo Renzi's Brickell Site Closes
(DBN)

Plan approved for repairs to Carter's Grove mansion
(DBN)

____________

Municipalities:

Chapter 9 and State Law: the Dubious Applicability of the Supremacy Clause
(DBN)

Jeffco bankruptcy lawyers were in running to handle Detroit's $18 billion filing
(DBN)

Naming mediator brings authority to fractious Detroit bankruptcy case
(DBN)

Detroit: Myths and truths about bankruptcy
(DBN)

Detroit: Little Hope of Happy Ending
(DBN)

How Detroit fell so far, so fast
(DBN)

Hottest trade on Wall Street: Detroit bonds
(DBN)

In cash-strapped Detroit, few question sports arena funding --- Detroit again leans on Tigers, other teams to lift city's spirits
(DBN)

Detroit's Orr Prefers Not to Sell City Assets --- Detroit looks at grim economics of garage sale
(DBN)

Detroit Bankruptcy Underscores Rift Between City, Suburbs --- Official Says Suburb Unaffected by Detroit Struggle
(DBN)

Detroit goes bust as auto industry booms, and here's why
(DBN)

Trying to save part of Rosie the Riveter's factory
(DBN)

George Will links Detroit bankruptcy to ‘cultural’ problems and ‘unmarried mothers’
(DBN)

Animation: Detroit v. Detroit in Bankruptcy Court
(DBN)

Detroit default exposes lie of phantom returns
(DBN)

Detroit Bankruptcy Official Says No Special Treatment for General-Obligation Bonds --- U.S. muni board watching general obligation debt in Detroit case --- Imported from Detroit: financial fallout --- Bankrupt Detroit takes a hard line with its creditors --- Systemic risk from Detroit bankruptcy played down --- Detroit Bankruptcy a “Game-Changing Event,” Meredith Whitney Says --- Detroit case may alter distressed U.S. city behavior -Moody's
(DBN)

Will Detroit's Bankruptcy Kill This Key Market? --- Moody’s: Detroit Bankruptcy ‘Profoundly Meaningful’ For Distressed Cities --- Detroit bankruptcy case could bring unwanted change for muni market
(DBN)

Detroit bankruptcy will set the tone for troubled communities across U.S., says investors service --- Today, Detroit . Tomorrow, Hometown, USA
(DBN)

Snyder more popular after Detroit Bankruptcy is filed --- Michigan Governor Discusses Detroit Bankruptcy Exit
(DBN)

Lew: No federal bailout for Detroit --- Why not use auto bailout money? --- Treasury secretary defends letting Detroit go bankrupt --- Detroit Will Have to ‘Work With Its Creditors’ to Resolve Bankruptcy --- Michigan Gov. Snyder vetoes bailout for Detroit --- Detroit retirees ask Obama for pension help
(DBN)

Bailout?: More Than One Way To Skin A cat - Detroit Looks to Obamacare to Ease Costs
(DBN)

Detroit bankruptcy another setback for unions --- Let It Rip Weekend: Unions v. DIA & Tuition Breaks for Illegals --- Retirees: Detroit's bankruptcy filing is a 'declaration of war' --- Mich. AG on pensioners' side in Detroit bankruptcy --- Michigan Law Protects Pensions, State AG Says --- Fight on Detroit Retiree Funds Looms --- Retiree Benefits Protected by State Constitution, Attorney General Says --- Can't blame Detroit's failure on public pensions --- Public pensions from Detroit to South Florida one reason for taxpayers’ distress
(DBN)

In Detroit , the social contract broken
(DBN)

Detroit: Bondholders v. Pensioners v. Taxpayers
(DBN)

Financial Lessons from Detroit's Bankruptcy
(DBN)

Come See Detroit, America's Future
(DBN)

Art may be Detroit's renaissance
(DBN)

Denial in Detroit as City Plans $400 Million Taxpayer Funded Hockey Arena --- Hockey Arena Investment: No Brainer
(DBN)

Could a Private University Have Made a Difference in Detroit ?
(DBN)

Bullish on Detroit gaming despite bankruptcy
(DBN)

Detroit's bust, but its hotel industry is booming
(DBN)

Detroit , the 'used to be' city --- Detroit faces up to its past
(DBN)

In One Chart, Here's Why Detroit Failed
(DBN)

Can We Finally Lose Detroit ?
(DBN)

Detroit’s 86-Cent Water Debt Seen Delivering Profit
(DBN)

'Robocop' Starts Campaign To Save Detroit
(DBN)

Can Detroit reinvent itself? --- Creditors need to face Detroit's harsh fiscal reality --- Detroit's decline: Five myths about city's past and present
(DBN)

As bankruptcy's bad buzz spreads, biz leaders drum positive news
(DBN)

Insurers, hospitals could take hit from Detroit bankruptcy
(DBN)

Michigan's troubled cities are also faltering economic engines
(DBN)

Someone Attending The International Property Expo In Singapore Will Win This Mediocre House In Detroit
(DBN)

What Detroit Can Learn From Other Cities --- Lessons to be learned from Detroit
(DBN)

Fitch says Detroit's bankruptcy shows state intervention limits
(DBN)

American Roads Seeks Fast Track Out of Bankruptcy Court
(DBN)

New York governments fear Detroit -like fiscal cliff --- Detroit -style bankruptcy can't happen in Indiana --- Tough choices saved Toledo from fiscal crisis --- Memphis' fate isn't Detroit's outcome --- Chicago Is Not The Next Detroit --- If Detroit Went Bankrupt , Why Is Philadelphia Paying? --- Portland may follow rusted, busted Detroit --- Honolulu could be America's next Detroit --- Detroit's plunge into the rapids of bankruptcy is a message to all city leaders
(DBN)

Bankrupt , but Stockton isn't Detroit
(DBN)

Bankrupt New England town offers Detroit a bleak preview
(DBN)

San Bernardino bankruptcy crisis can give way to opportunity
(DBN)

El Dorado County fire district teetering on insolvency
(DBN)

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Pensions:

California tries to mandate retirement savings for private workers
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (64 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:

Bankruptcy doesn't come cheap for companies struggling to survive
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Cravath: Recent Developments in Bankruptcy Law
(DBN)

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Estoppel:

Gender discrimination suit not disclosed in bankruptcy can move forward
(DBN)

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Recharacterization:

The Ninth Circuit Recharacterizes Recharacterization Jurisprudence
(DBN)

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Avoidance Actions:

Failure to Negotiate Mortgage Note: “Strong Arm” Powers With A Twist
(DBN)

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TBTF:

Too Big To Fail: What Detroit Bankruptcy Now Means For Bailouts
(DBN)

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Banking:

Banks on Brink of S&P 500 Supremacy Amid Profit Gains
(DBN)

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Litigation:

Texas Lawyer Announces its Litigation Departments of the Year
(DBN)

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Aviation:

Creditors, others wrap up voting on American Airlines bankruptcy plan
(DBN)

How to Cut the Airport Line
(DBN)

Sometimes Packing Your Suitcase Can Be Challenging
(DBN)

Air rage in China amid long delays
(DBN)

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Religion:

Pope Francis Gives Candid Speech On 'Exodus' Of Followers From The Catholic Church
(DBN)

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Celebs:

Toni Braxton Loses Rights To Many Of Her Songs Due To Bankruptcy
(DBN)

Spike Lee, Seeking A Kickstarter Handout, Owns $30 Million Manhattan Mansion, Martha's Vineyard Estate
(DBN)

Cleveland "Hero" Charles Ramsey Seeks To Trademark His Name For Halloween Costumes And Masks, Other Merch
(DBN)

Love and Basketball — The Director’s Cut
(DBN)

Sinbad -- My Broke Days Are Over!!!
(DBN)

Hugh Grant, the blonde lawyer and Hacked Off¿s cosy links to a ruthless law firm whose investigators illegally invaded privacy
(DBN)

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Lehman:

Lehman Seeking to Collect $3.2 Billion on Derivatives Through 2015
(DBN)

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Personal Finance:

5 Of The Most Overpriced Items In The Grocery Store
(DBN)

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Student Debt:

The Student Loan Problem
(DBN)

It's costly to ignore student loan bills
(DBN)

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Health Care:

What's more feared than death? Long-term care
(DBN)

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Sovereigns:

France to back legal argument in Argentina case against creditors
(DBN)

France is Man Enough to Pari Passu
(DBN)

Europeans could support Argentina
(DBN)

____________

UK:

Church of England's Lending Mission
(DBN)

Proving for Pensions – UK Supreme Court rules that secondary pensions liability imposed by the Pensions Regulator ranks alongside other unsecured creditors in an administration
(DBN)

Sports club and facilities insolvencies fall by a third post-Olympics
(DBN)

Joint trustees appointed after Kerry Katona's second bankruptcy
(DBN)

Gov't says credit unions must meet bank insolvency rules
(DBN)

Women lead tally of bankruptcies among under-35s as household bills mount
(DBN)

____________

EU:

Europe should let its hopeless causes go bankrupt
(DBN)

Europeans could support Argentina
(DBN)

Lacquer on Europe's Decline
(DBN)

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PIIGS:

EU demands tougher Monte Paschi plan
(DBN)

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Canada:

Detroit pension meltdown a wake-up call for Canadians
(DBN)

____________

Germany:

US cities got €18.5 billion from German banks
(DBN)

Germany's Praktiker may lose 4,000 jobs after insolvency-report
(DBN)

Now Max Bahr goes down after insurers pull the plug
(DBN)

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China:

China Is #1 At These Twelve Things
(DBN)

China Announces Urgent Nationwide Audit To Find Out How Much Debt The Country Really Has
(DBN)

___________

Brazil:

Oppenheimer to test Brazilian bankruptcy law
(DBN)

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Copyright 2013