June 25, 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:

Layoff Watch: Major Cuts Come To Weil Gotshal --- Weil Gotshal to Fire 60 Associates, Cut Some Partners' Pay --- Slashes 60 Associates, 110 Staffers, Cites Wind Down Of Restructuring Work --- Weil Gotshal Cuts Lawyers, Pay Citing Less Demand for Services --- Elite New York Law Firm Has Massive Layoff --- 170 jobs across firm --- Will other firms follow suit?
(DBN)

Weil Named Insolvency And Restructuring Law Firm Of The Year
(DBN)

17 Partners Plan to Leave Patton Boggs
(DBN)

Layoff Watch: Careers Kidnapped in Cleveland, Negated in New York
(DBN)

More Trouble in Big Law: Weil Gotshal and Patton Boggs
(DBN)

Weil, Holland & Knight, Gibson, Skadden: Business of Law
(DBN)

Shrinking legal spending: Corporate clients cut back on outside representation
(DBN)

Fast Track 2013: Teddy Kapur
(DBN)

Law Firms Regain Some Pricing Power
(DBN)

New studies on rate increases at law firms
(DBN)

10 Things Every Summer Associate Needs to Know
(DBN)

Q&A: Ballard Spahr's Joseph Fanone
(DBN)

Which 5 cities had the biggest lawyer gains?
(DBN)

U.S. Supreme Court to Rule on Bankruptcy Judges’ Power in ‘Core’ Proceedings
(DBN)

Have bankruptcy lawyers 'killed their golden goose'? Trustee program sets new billing guidelines
(DBN)

‘I want to push the limit,’ says ‘09 Legal Rebel
(DBN)

No One Remembers You!
(DBN)

BigLaw partner is a Twitter convert
(DBN)

Washington & Lee's Revamped 3L Curriculum Appears to Make No Difference to Employment Outcomes
(DBN)

Lawyer-On-Lawyer Non-Legal Interactions Inevitable, But Best Avoided
(DBN)

50 simple ways you can market your practice
(DBN)

Best Law Office PC Configurations
(DBN)

A Lawyer's Evolution, Mirroring the Law's
(DBN)

Strengthening the Attorney/Client Relationship
(DBN)

Prosecutor In George Zimmerman Trial Starts Opening Statement With F-Bomb --- Zimmerman's Defense Attorney Tells Knock-Knock Joke During Opening Statements, Gets No Laughs --- Apologizes For Joke --- Zimmerman portrayed as vigilante in Fla. shooting --- Zimmerman's parents barred from courtroom
(DBN)

REPORT: Edward Snowden Took A Job With Booz Allen To Gather Evidence On NSA Surveillance Programs --- White House Blasts China Over Edward Snowden's Departure, And Says It 'Unquestionably' Damages Relations --- Assange: We Know Where Edward Snowden Is, But We're Not Saying Yet --- Edward Snowden Fled Hong Kong After Learning His Computer Could Be Taken Away --- Snowden: Russia Defiant Over US Pressure --- Ecuador: Snowden Has Applied for Asylum --- The Snowden Guide: How to Hide Out From America --- China Praises Snowden for Exposing Washington Secrets --- Russia Refuses to Hand Over Snowden --- The Surveillance State: Missing the Big Story
(DBN)

Law Camp Gives Teens A Taste Of Lawyering
(DBN)

Suicidal man coaxed off bridge by offer of pizza
(DBN)

12-Year-Old Female Football Player Kicked Off Team Because Male Players Might “Lust” After Her
(DBN)

Couple fined for putting bird feeder in yard
(DBN)

NYC debates reining in costumed characters in Times Square
(DBN)

Say What?!
(DBN)

______________

Judges:

MD FL: Jackson sworn in as US Bankruptcy Court judge
(DBN)

Justices to Look at Power of Bankruptcy Judges
(DBN)

Law student accepts unique bankruptcy clerkship
(DBN)

Supreme Court Grants Cert in Two Slips-Worthy Cases
(DBN)

Justices Punt on Affirmative Action Case --- Affirmative Action and ‘Strict Scrutiny’: A Primer --- The Supreme Court Surprises in Fisher v. University of Texas --- Affirmative Action Is Dead In The Water; Diversity Is The 21st Century Fight --- Why Did The Supreme Court Waste So Much Time On Affirmative Action?
(DBN)

Clarence Thomas: Affirmative Action Is Just Like Segregation --- Justice Thomas Has A Few Things To Say
(DBN)

Supreme Birthdays
(DBN)

SCOTUS to decide on recess appointments --- Supreme Court Move on Recess Appointments Complicates Cordray Confirmation
(DBN)

SCOTUS 2013: The Year in Review
(DBN)

Federal judge sequesters 19 lawyers in jury room, tells them to ‘identify genuine issues’ by 2 pm
(DBN)

Defendant judges say ticket-fix prosecution should be dismissed because no money changed hands
(DBN)

Man on trial for allegedly offering judge a bribe; can his wife’s disappearance be used as evidence?
(DBN)

Judge's Widow Knows Her Rights
(DBN)

Legislators and special interests are making sure we get the state court judges they want
(DBN)

Posner v. Scalia, Round XV
(DBN)

Why Black Judges Are Vanishing From the Federal Bench
(DBN)

______________

Wall Street:

US stock futures rise as global markets seesaw
(DBN)

Stocks Sink in Broad Selloff
(DBN)

Traders Are Starting To Worry That The S&P Has Been Living A Dream For Months
(DBN)

______________

Layoffs:

Sixth Circuit Agrees No WARN Act Liability For Supplier Layoff After Chrysler Bankruptcy
(DBN)

Supreme Court makes it harder for employees to sue businesses
(DBN)

Calm Down, Interns — You're Lucky To Have A Job
(DBN)

Thousands of Washington state workers face potential layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

OnCure Names Radiation Therapy Services as Lead Bidder
(DBN)

Outrageous Hospital Bills For Minor Injuries
(DBN)

Moody's places Tenet's ratings on review for downgrade
(DBN)

AZ: More local hospital layoffs
(DBN)

____________

Politics:

Tea Party Patriots -- Federalist Papers -- Really ?
(DBN)

Texas Politician Believes Rape Kits Are A Form Of Abortion
(DBN)

Monica Lewinsky dresses to be auctioned off
(DBN)

____________

Television:

Cable TV Distributor Files for Bankruptcy
(DBN)

____________

Telecoms:

No end in sight to Nortel fees frenzy
(DBN)

____________

Accounting:

Miss USA Explains How Working As An Accountant Helped Prepare Her For Beauty Pageants
(DBN)

____________

Finance:

Judge Approves Goldman's Bankruptcy Loan for Arcapita Bank
(DBN)

____________

Autos:

Late Auto Payments Up Slightly in 1Q
(DBN)

____________

Economy:

The Revolt of the Global Middle Class
(DBN)

Bernanke speaks, markets go wild. What next?
(DBN)

Walking Back Bernanke Wished on Too Much Information
(DBN)

Bonds Drop Globally as U.S. Yields Advance to Highest Since 2011 --- Markets In Turmoil As Price Of Money Skyrockets To $90 A Dollar :)
(DBN)

Fed’s Fisher: Fully in Favor of Dialing Back Bond Purchases
(DBN)

Fed's Fisher says comfortable with rise in US yields
(DBN)

Fed Needs Threshold System for Bond Buying Program, Kocherlakota Says
(DBN)

The Federal Reserve's Framers Would Be Shocked
(DBN)

FOMC member warns off 'feral hogs' in markets --- 'Feral Hogs' Comment Tames Rates
(DBN)

Dallas Fed Manufacturing Survey Surges
(DBN)

Four Years of Recovery in Charts
(DBN)

US Children in Poverty Up 23% Since 2009
(DBN)

76% of Americans Live Paycheck to Paycheck
(DBN)

US Education Spending Tops Global List
(DBN)

The Surge In Interest Rates Is Unlike Anything We've Seen In At Least 50 Years
(DBN)

Mitt Romney's Economic Advisor Accidentally Makes The Case For Higher Taxes On The Rich
(DBN)

Did Poor Math Skills Cause Subprime Meltdown?
(DBN)

History - Crisis Chronicles: 300 Years of Financial Crises (1620–1920)
(DBN)

Fed’s Hint at Imminent Tapering Jolts Junk Bonds
(DBN)

Behind on Retirement, Gen X Still Doesn't Get It
(DBN)

Chart of the day, TARP tracker edition
(DBN)

The Crushingly Boring Recovery
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Fed hits investors with MBS game changer
(DBN)

Flagstar to Pay $105 Million to Settle Assured's MBS Claims
(DBN)

Senators to Introduce Bill to End Fannie Mae, Freddie Mac
(DBN)

LPS: US home prices continue to climb
(DBN)

California REO sales hit lowest level in six years
(DBN)

Housing: From Recovery to Bubble–Already?
(DBN)

Fuzzy Math: An Early Warning Sign for Foreclosure
(DBN)

Housing lays foundation for better investor opportunities
(DBN)

Mortgage Settlement: When Almost Is Not Good Enough
(DBN)

The billion-dollar black eye for the independent foreclosure review
(DBN)

Distressed Opportunities Can Still Be Found
(DBN)

Related in Deal to Buy Distressed Debt on Stalled Chicago Spire Project
(DBN)

Judge declines to halt foreclosure on former Versace mansion
(DBN)

____________

Financial Literacy:

Don't Fancy Games (For Your Kids' Financial Education)? How About The Theatre?
(DBN)

____________

Brokers:

CFTC planning to file civil lawsuit against Corzine: NYT
(DBN)

____________

Fraud:

US appeals court upholds conviction of Galleon's Rajaratnam
(DBN)

More Use of Wiretaps Is Likely to Come in Trading Cases
(DBN)

____________

Municipalities:

38 Studios debt to top RI budget debate --- Curt Schilling Debt Vote to Test Rhode Island on Bonds
(DBN)

Detroit receiver's plan has muni market on edge
(DBN)

Kevyn Orr: Classic Car Collection Sale Report Was 'Wild Speculation'
(DBN)

Detroit Institute Of Arts, Zoo, Safe For Now, But Could They Be Sold Off In Bankruptcy?
(DBN)

Unions, heal thyselves
(DBN)

Questioning Kevyn Orr's purpose
(DBN)

Lenders take it on the chin in Orr's plan
(DBN)

Detroit City Councilman Gary Brown Expected To Resign, Join Orr's Team
(DBN)

Wall Street Journal article questions JeffCo bankruptcy exit plan
(DBN)

The 23 Worst Things About Living In New York City In The Summer
(DBN)

Illinois' bad credit costing taxpayers millions
(DBN)

____________

Religion:

Bankruptcy Court Blocks Alleged Abuse Survivors from Pursuing $35 Million Archdiocese Transfers
(DBN)

Charles St. pastor says $825000 was misspent
(DBN)

____________

Mass Torts:

Pfizer Loses US High Court Bid for Shield From Asbestos Suits
(DBN)

____________

Food/Beverage:

Twinkies' Triumphant Return --- Hostess, but not its workers, makes a comeback
(DBN)

Great Lake Seafood Restaurant bankruptcy documents reveal $180,000 dispute
(DBN)

____________

Celebs:

Rapper Fat Joe To Be Sentenced For Federal Tax Evasion
(DBN)

Casey Anthony attorneys back in court to discuss defamation suits
(DBN)

____________

Corporate Reform:

Bankers Caught On Tape, Joking About Bailout, And How They'd Never Pay It Back
(DBN)

____________

Tax:

IRS Suspends Screening Criteria Used on Tea Party
(DBN)

IRS Employees Used Terms Including ‘Progressive,’ ‘Israel’
(DBN)

____________

Radio:

Lubbock FM sold out of bankruptcy
(DBN)

____________

M&A:

M&As set to rise 8%
(DBN)

____________

Orchestras:

Nashville Symphony may avoid bankruptcy --- Press release
(DBN)

____________

Compensation:

Abercrombie Shareholders Say Executives Are Overpaid
(DBN)

____________

Distressed Investing:

Apollo Fueled by $9.6 Billion Profit on Debt Beats Peers
(DBN)

____________

New Bankruptcy Opinions
(1 new opinion 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 (12 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)

______________

Jurisdiction:

The Evolution of Bankruptcy Court Authority in Light of Stern v. Marshall
(DBN)

____________

Committees:

Advantages of Serving on an Official Committee of Unsecured Creditors
(DBN)

____________

Plan Confirmation:

Recent Updates on Reimbursing Creditors' Legal Fees Under a Chapter 11 Plan
(DBN)

____________

Contracts:

4 Tips for a Better Liquidated Damages Clause
(DBN)

____________

DIP Finance:

Introducing the Parties to a DIP Financing
(DBN)

____________

Student Debt:

5 Things You Probably Didn't Know About Private Student Loans
(DBN)

Feds Flag 126K in Student Loan Fraud Crackdown
(DBN)

Student Debt Now Equivalent to 60% of Graduates' Annual Income
(DBN)

____________

Rating Agencies:

Taibbi: The Last Mystery of the Financial Crisis
(DBN)

____________

Corporate Governance:

Next: Arbitration Clauses with Class Action Waives in Corporate Charters?
(DBN)

How to Define 'Bad Faith' for a Board
(DBN)

Blurring The Lines: The Murkiness of Corporate Separateness in Chapter 11
(DBN)

The 10 worst states for college graduates with student debt
(DBN)

Blumenthal co-sponsors bill to offer students discounter loan rates
(DBN)

____________

Non-Profits:

347 million pension debt threatens future of Girl Scouts
(DBN)

____________

Shipping:

Batista's OSX Brazil denies debt default - filing
(DBN)

____________

Equipment Rental:

Ahern Rentals, Inc. Announces Exit from Chapter 11 Proceedings
(DBN)

____________

Aviation:

Worst Airports for Connections
(DBN)

____________

Alternative Energy:

Detroit City Councilman Gary Brown Expected To Resign, Join Orr's Team
(DBN)

____________

Ethanol:

Ethanol Debate Heats Up
(DBN)

Oil industry loses legal battle over ethanol blend
(DBN)

____________

Electricity:

Beacon Power emerges from bankruptcy
(DBN)

____________

Newspapers:

Daily Voice bankruptcy talks proceed
(DBN)

____________

Bankruptcy Crimes:

NE: Bankruptcy Fraud Sentence
(DBN)

Two plead guilty to foreclosure rescue scheme
(DBN)

____________

UK:

The Cooperative Bank's Restructuring – will this be a case of lessons learned?
(DBN)

Football insolvency expert casts doubt on Sisu bid for Coventry City
(DBN)

____________

EU:

Cyprus to discuss bonds with troika
(DBN)

EU to respond to concerns as bank talks sputter
(DBN)

____________

PIIGS:

La Seda takes shelter of voluntary insolvency
(DBN)

Ireland’s disastrous bank bailout emerged from banker’s “a---” --- Irish bankers 'hoodwinked' government over bailout, secret recordings show --- Anglo executive denies misleading Central Bank --- ‘Deeply regrets’ language and tone used in 2008 call
(DBN)

Berlusconi gets 7 years in jail in prostitution case
(DBN)

____________

Canada:

U.S., Canada Face Diverging Paths
(DBN)

Canada lags behind in fight against skyrocketing corporate winddown fees
(DBN)

Payroll Processors: Treatment of Customer Claims in Insolvency
(DBN)

Investor asks court to put Assaly charity into bankruptcy
(DBN)

Canadian regulator takes Ernst & Young to task on Zungui Haixi
(DBN)

____________

Netherlands:

Spijkenisse hospital goes bankrupt , can't pay staff
(DBN)

____________

Germany:

Merkel says bankruptcy rules will be eased for flood-hit businesses
(DBN)

____________

China:

Markets tumble as China enters bear market
(DBN)

China's Other Big Problem: Debt
(DBN)

Credit Warnings Give World a Peek Into China's Secretive Banks
(DBN)

US boss held by Chinese workers awaits outcome
(DBN)

____________

Austria:

FCC's insolvent Alpine Bau faces break-up
(DBN)

____________

MENA:

Palestinian hospitals face closure amid debt crisis
(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