June 19, 2013

The Daily Bankruptcy News

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Law:

Survey: Most Leading Law Firm Insurers See Rise in Malpractice Claims Frequency, Severity
(DBN)

A Biglaw ‘Red Wedding’: Could It Happen At Your Firm?
(DBN)

Revealed: Compensation Spreads of The Am Law 200
(DBN)

What We Know, And Don't Know, About Law Firm Finances
(DBN)

Craig A. Bruens Joins Debevoise
(DBN)

Business Casual Basics For Slovenly Men
(DBN)

The Machismo of Extreme Work
(DBN)

Lawyers' Pro Bono Hours, Contributions, Will be Public
(DBN)

Courts Broaden What Counts as 'Pro Bono' for Reporting Rule
(DBN)

Paul Hastings, Lowenstein, Nixon Peabody: Business of Law
(DBN)

Fastest Law Firm Growth Was Fueled by Energy Markets
(DBN)

Which Biglaw Summer Associates Are Happiest With Their Firms?
(DBN)

Working for the Kings Is Like Going to Law School: You’re Investing Time in a Lackluster Product
(DBN)

Partner pay holdback of 20 percent at Becker & Poliakoff is not popular
(DBN)

Cozen Legal Bill Debt Forgiveness Is Campaign Contribution, Court Says
(DBN)

Arnold & Porter, Skadden, Cravath, Willkie: Business of Law
(DBN)

Trial begins for bankruptcy lawyer charged with handing trustee an envelope stuffed with cash
(DBN)

Q&A: Jones Day's Gregory Shumaker
(DBN)

Musical Chairs: Notable New Names at Davis Polk, Paul Hastings, and Orrick
(DBN)

How to Write a Great Response to a Cease and Desist Letter
(DBN)

Applications So Shockingly Low That Law Schools Are Now Admitting Newborn Babies
(DBN)

Chicago Law Prof Boldly Makes the Case for One Year Law School
(DBN)

Family of slain law grad Lauren Giddings files wrongful death suit
(DBN)

Law faculty perk at NYU includes loans for pricey vacation homes
(DBN)

Labor Department lawyer accused in stun-gun assault is found dead in his jail cell
(DBN)

Ex-D.C. Law Firm Business Manager Sentenced for Stealing
(DBN)

U.S. SC suspends Chesley for 40 days; says must show why he shouldn't be disbarred
(DBN)

Mother And Child Allegedly Held Captive In Ohio House For 2 Years, Threatened With Reptile Attacks
(DBN)

Texas Is Treating Kids Who Skip Class Like Grown-Up Criminals
(DBN)

Surveillance helped foil 50 terror plots, says US spy chief --- Funny, A Couple of Days After It Was 40 Plots --- NYPD Chief: NSA Should Come Clean on Spying --- Germany Wants to Spy on Everyone Too --- The Fincen Whistleblowers
(DBN)

Man Jailed In Threat To Kill Senator, Blow Up The Sun
(DBN)

Video of Lawyer in Road Rage Fight Goes Viral
(DBN)

Did Superman have a legal duty to save lives?
(DBN)

Federal judge OKs suit over ‘shocking’ claim 911 operator told harassed man to return to crime scene
(DBN)

Lawyers sanctioned for billing mentally ill vet for tasks such as shopping and moving
(DBN)

Videos of Waffle House Chairman Smothering Housekeeper With His Gravy Violated Privacy
(DBN)

Say What?!
(DBN)

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Judges:

How The Supreme Court Justices Made Their Millions
(DBN)

Elizabeth Warren Laments ‘Striking Lack Of Professional Diversity’ On Federal Courts, As ‘Corporate Capture’ Escalates
(DBN)

Clarence Thomas, Liberal
(DBN)

When Judges 'Friend' Lawyers: Must Recusal Necessarily Follow?
(DBN)

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Wall Street:

Stock futures flatten on jitters ahead of Fed
(DBN)

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Layoffs:

LivingSocial Closes Seattle Office, Will Have Employees Work From Home
(DBN)

How Computer Technology Is Destroying Jobs
(DBN)

OneWest Laying Off Hundreds in Texas
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Today In Muni Defaults: Detroit Pension Woes, ‘Terrible’ Alabama Bonds
(DBN)

Emergency Manager Preparing To Break Detroit’s Pension Promises
(DBN)

Detroit bankruptcy won't solve its people problem
(DBN)

As Detroit sinks deeper into debt, entrepreneurs offer hope
(DBN)

Why US talent is moving to Motown
(DBN)

Detroit's Orr: Investors in Bonds Headed for Haircut Should Have Known
(DBN)

Orr: Agreement with major creditor could come next week
(DBN)

Hold On to Your Pawn Tickets
(DBN)

S&P cuts Detroit pension debt rating to D on default
(DBN)

Orr's blueprint puts city residents first
(DBN)

Detroit creditors ponder bankruptcy as preferred option
(DBN)

hat Happens When A City Can't Pay Its Bills?
(DBN)

Town of Ramapo on state's fiscally stressed list
(DBN)

New York state announces plan for board to help cash-strapped cities
(DBN)

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Golf:

Lakeridge Files Chapter 11 Bankruptcy
(DBN)

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Consultants:

NY regulators fault Deloitte's bank consulting
(DBN)

Deloitte to pay NY $10 million for misconduct over Standard Chartered
(DBN)

____________

Oil/Gas:

Lenders Increase Cash Part of Bid for ATP Drilling Assets
(DBN)

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Economy:

US inflation data points to firming economy
(DBN)

A Woman Virtually Nobody Has Heard Of Is On The Verge Of Becoming The Most Powerful Woman In The World
(DBN)

Bernanke on his way out?
(DBN)

Former Fed Governor: Obama 'Basically Fired Ben Bernanke On The Spot'
(DBN)

Fed likely to signal tapering move is close
(DBN)

Bernanke's Challenge: Convince Markets Tapering QE Isn't The End Of Easy Money
(DBN)

Ben Bernanke goes Wile E. Coyote
(DBN)

After Two Months Of Deflation, CPI Rises On Higher Rent As Bernanke And The Taper Loom
(DBN)

The rich expand holdings, increase in number: Study
(DBN)

Christine Lagarde "Allegiance" Letter To Sarkozy
(DBN)

The Path Of Every Major Asset Class Since The Fed Started Stimulating In November 2008
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Ex-BofA Workers: We Were Told to Lie
(DBN)

NY Fed Official: Let's "Facilitate" The Seizure Of Underwater Loans
(DBN)

Home building continues to rise --- May Housing Starts Miss Mark
(DBN)

Phoenix's Housing Market: Saying 'Bubble' Doesn’t Make It True
(DBN)

Housing Starts in US Rose in May to 914,000 Annual Rate
(DBN)

Homebuilders face obstacles despite bright spots
(DBN)

Don’t fear rising mortgage rates just yet: Freddie Mac
(DBN)

Rocket docket return: Another weapon for foreclosure defense
(DBN)

Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging at Public Foreclosure Auctions
(DBN)

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Tax:

G8 leaders agree tax evasion measures
(DBN)

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Aviation:

US Airways-AMR Antitrust OK Said Unlikely by Mid-August
(DBN)

U.S. lawmakers urge careful review of American-US Airways deal
(DBN)

'Miles Junkies' at Risk as Airlines Tie Flier Awards to Spending
(DBN)

____________

Food/Beverage:

How One Failed Brand Brought Their Business Back From the Dead
(DBN)

Banah Gets Extension On Bankruptcy Reorganization Plan
(DBN)

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Retailing:

Is Sears Headed for Bankruptcy ?
(DBN)

Lampert Says He Has Sears Strategy as Analysts Doubt It
(DBN)

JC Penney Looks Like a Long-Term Bankruptcy Candidate
(DBN)

Lowe's: OSH future unclear
(DBN)

Orchard Supply Wins Approval to Hold Liquidator Auction
(DBN)

4 Lessons Jeff Bezos Learned From Failure
(DBN)

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Health Care:

Bankruptcy Court OKs Helicos' IP License Deals with Illumina, Life Tech, Fluidigm, Complete Genomics; Negotiations Ongoing with Roche
(DBN)

It’s not health insurance. It’s bankruptcy insurance.
(DBN)

St. Mary's of Michigan layoffs 'business-driven decision'
(DBN)

St. Louis-based BJC HealthCare plans to lay off 160 employees
(DBN)

$112 million claim filed against SD Hospice
(DBN)

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Banking:

British prosecutor to charge central Libor suspect -source
(DBN)

Former UBS Trader Charged in Libor Scandal
(DBN)

Wells Fargo Sold Risky Program as Safe, Lawyer Says
(DBN)

____________

Alternsative Energy:

Solarworld Holders to Lose 95% in Debt Deal With Qatar
(DBN)

____________

Sporting Goods:

TriSports.com Files Chapter 11
(DBN)

____________

Autos:

EU Car Sales Collapse, GM Needs to Leave
(DBN)

____________

Orchestras:

Nashville Symphony announces layoffs
(DBN)

____________

Celebs:

'Real Housewives of New Jersey' Gossip: Jacqueline Laurita Saves Mansion from Foreclosure
(DBN)

____________

Student Debt:

Student Borrowers Pay Firms Fees for Free U.S. Programs
(DBN)

Student loan debt has nearly doubled in last five years, report says
(DBN)

Students urge Congress to stop hike
(DBN)

Taxpayers pay millions for fed workers' student loans
(DBN)

____________

Photography:

Kodak Seeks Court Approval for $406 Million Rights Offering
(DBN)

____________

Shipping:

STX Pan Ocean Falls as Receivership Filing Accepted
(DBN)

____________

Tobacco:

States, key creditor cast doubt on Renegade sale
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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)

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Exemptions:

Update -- The Sixth Circuit Rules IRAs Are Exempt
(DBN)

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Adequate Protection:

Lender's Security Interest In Cash Collateral Is Separate & Distinct From Security Interest In Land, Entitling Lender To Separate Adequate Protection For Cash Collateral
(DBN)

____________

Plan Confirmation:

Prime-Plus Cramdown Rate: You Can Forget Market Reality
(DBN)

____________

DIP Finance:

Thank You Very Much, Do We Have a Contract? Not So, Says Judge Gerber
(DBN)

Kodak Seeks Court Approval for $406 Million Rights Offer
(DBN)

____________

Recent Pleadings:

UST Launches TOUSA Disclosure Statement Objection - Says Information Should Be Tailored For Creditors Who Haven't Spent The Past Several Years Litigating
(DBN)

______________

Litigation:

Recent Judicial Findings Require Reminders About Company Litigation Hold Procedures
(DBN)

____________

Lehman:

Lehman Brothers Holdings Blocks Australian Payout Vote
(DBN)

____________

Fraud:

Martoma, U.S. Reach Deal With University Over Laptop Files
(DBN)

Pretending A P.O. Box Is Your Bank Isn’t Working Anymore
(DBN)

FINRA Director Definitely Cheated Old Ladies Out Of BINGO Money, Possibly Also Referred To Them As “Old Bags”
(DBN)

Feds say Calif. hospice owes $112M for fake claims
(DBN)

Six Years Later, Boy Band Founder's Ponzi Scheme Victims Set For 4% Payout
(DBN)

____________

Construction:

Texas Construction Firm Caught in Rare Spider’s Web
(DBN)

____________

Telecoms:

Maxcom Misses Payment During Restructuring Talks With Ventura
(DBN)

____________

UK:

Insolvency Bulletin
(DBN)

UK inflation rate rises to 2.7% in May
(DBN)

It’s the end of this road for the high street
(DBN)

Co-Op Bank Cut Four Steps by Moody's a Day After Bond Plan
(DBN)

The Co-operative Bank – first use of “bail-in” powers by the UK’s Prudential Regulation Authority – or not?
(DBN)

A&O partner Asher parachuted in to lead Co-op rescue as new GC
(DBN)

King Eyes Parting Shot at Bankers Gearing Up for Carney
(DBN)

U.K. Banker Bonuses Face Decade Delays in Industry Overhaul
(DBN)

BOE to Reveal U.K. Banks’ Capital Holes in Transparency Test
(DBN)

KPMG to be Hearts administrators --- Battle ensues over Hearts administrator
(DBN)

Inherent Sense: High Court Approves Client Money Distribution Procedure
(DBN)

Insolvency ad banned after R3 complaint
(DBN)

____________

EU:

Suntech’s European Unit Gets Creditor Reprieve in Court
(DBN)

Revision of Cypriot bailout terms not likely: euro zone officials
(DBN)

____________

 

PIIGS:

Spain's Bami latest property firm to file for insolvency --- Spain's credit squeeze thwarts small companies' export plans --- Spain's debt costs, bad loans rise as minister signals turnaround --- Spanish Banks Risk Loan-Book Losses as Economy Shrinks, IMF Says --- IMF says Spain recession 'may end soon'
(DBN)

Monte Paschi sent restructuring plan to EU on Monday
(DBN)

Battles ahead for Greek PM weakened by state TV crisis --- Troika Sees Greek Health Care Hole --- Greek Bailout Went To Wealthy, Investors
(DBN)

____________

Brazil:

Why Brazil Looks Ready To Erupt
(DBN)

Brazil: 200,000 Take to the Streets to Protest
(DBN)

____________

China:

In China, The Difference In Unemployment And Wages Between Those Who Do And Don't Have College Degrees Is Massive
(DBN)

____________

Mexico:

Mexico's Maxcom negotiates prepackaged bankruptcy
(DBN)

____________

Austria:

FCC's Alpine May Face Austria's Biggest Insolvency Since 2010
(DBN)

Austrian construction company says it's insolvent
(DBN)

Insolvent Alpine proposes 20 pct payout quota --- KSV estimates Alpine liabilities up to 2.6 bln eur --- Porr says in talks to buy parts of FCC's Alpine Bau --- FCC to take 289 mln euro hit on Alpine insolvency
(DBN)

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