June 4, 2013

The Daily Bankruptcy News

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Law:

With Deadline Approaching, Howrey Trustee Keeps Suing
(DBN)

The Absolute Worst States for Job Hunting Law School Grads
(DBN)

Norton Rose Fulbright Joins Ranks of the Legal Giants
(DBN)

Norton Rose, Goodwin Procter, Milbank: Business of Law
(DBN)

Clifford Chance joins peers in upping associate pay
(DBN)

Incoming Law School Classes Continue to Decrease in Size --- Applicants drop for third year in a row --- The LSAC Numbers: Less Applicants, Less Applications, Less Demand
(DBN)

Law Professor: Here's What Clarence Thomas Got Wrong About Affirmative Action At Yale
(DBN)

Law firm’s compulsory retirement age was justified, tribunal rules
(DBN)

Suicide Stalks Small-Town Lawyers
(DBN)

Prosecution Faults Ex-Baker & McKenzie Partner for Claims About His Assets
(DBN)

Cohen Milstein Role Under Fire in Robo-Signing Case
(DBN)

‘I Don’t Do That Work’
(DBN)

Skype Does NOT Provide Secure Communications
(DBN)

‘Aggressive’ is not a dirty word for women rainmakers
(DBN)

Prospective Client: "I didn't really want to meet this guy at all! And now he can't take the time to travel over here? And he doesn't even offer to meet halfway? Who does he think he is?"
(DBN)

Law School Applicants Are Down, Again, And We’re Shocked (Plus, what’s going on at Georgetown?)
(DBN)

Ex-Profs: Phoenix Values Profits Over Students, Faculty
(DBN)

Repeat After Me: Compliance Is Sexy
(DBN)

3L Becomes Interim Director of Admissions — Or Not?
(DBN)

Thomas Jefferson Law Prods Support from Alumni
(DBN)

Supreme Court rules that police can force open your mouth and swab DNA --- Justice Scalia Writes A Scathing Dissent Opposing Forced DNA Collection --- Court's DNA Ruling Brings U.S. a Step Closer to 'Gattaca.'
(DBN)

Lone lawyer wins Post Hunt
(DBN)

Murder trial of accused mob boss 'Whitey' Bulger starts next week
(DBN)

Elderly gay lawyer seeking next F. Lee Baily or Johnny Cochran
(DBN)

DA’s ‘Flush the Johns’ sting puts lawyers, doctors and others on photo display
(DBN)

Former Utah AG resigns from new job at Troutman Sanders, cites ‘just too hard’ commute and schedule
(DBN)

Justice Dept. Defends Holder Testimony on Leaks --- Holder Said to Tell Aides He’s Fine as Leak Rules Review Starts
(DBN)

Lawyer Ethics Commission Accuses Reema Bajaj of Trading Sex for Office Supplies --- Lawyer accused of lying about claimed ‘self-employment’ --- Reema Bajaj Bar Complaint
(DBN)

Dad wears Nazi uniform to court in bid for visitation rights
(DBN)

Thirteen-Year-Old Girl Gang Raped . . . Government Orders Her Killed
(DBN)

You Called The Cops For This?
(DBN)

Cat Detained At Prison After Illegal Smuggling Mission
(DBN)

Sean Parker Fined $2.5 Million For His Extravagant Big Sur Wedding
(DBN)

Transgender Woman Reveals She Served As A Navy SEAL For 20 Years
(DBN)

Lawyer Gets Wasted, Throws Panties at Police
(DBN)

Video: The moment a drunk lawyer strips from waist down and lunges at police after apparently running away from a cab without paying
(DBN)

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Judges:

Anguish of judge in 911 tape who can’t revive unconscious colleague echoes emotion of court onlookers
(DBN)

Few Federal Courts Use Social Media, Survey Says
(DBN)

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Wall Street:

Another Tuesday, another rally?
(DBN)

U.S. Stock Futures Little Changed; GM Rises, Silica Falls
(DBN)

Stocks Close Mostly Higher Following Volatile Trading Session
(DBN)

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

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Layoffs:

Zynga to Cut 18% of Global Workforce --- Zynga Shares Fall Hard --- What went wrong at Zynga before the layoffs --- Zynga CEO: Why We Just Fired 520 People
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

AMR-US Airways to Reveal New Leadership Team by Mid-June
(DBN)

American Airlines agrees to stick with Citibank
(DBN)

Hearing on AMR bankruptcy plan's disclosure statement today
(DBN)

United Airlines Subscriptions
(DBN)

US Airways shareholders set to vote on AMR merger
(DBN)

How to Book Cheap Plane Tickets
(DBN)

Worst Flight in America Reveals Much About Air Travel Today
(DBN)

'Airlines make just £2.62 per passenger'
(DBN)

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Vacuums:

Oreck Family Bids $22 Million in Post Bankruptcy Buyback
(DBN)

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Steel:

Ill. Company Buys RG Steel
(DBN)

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Coal:

Union rallying in Kentucky over Patriot
(DBN)

The UMW can get something out of Patriot
(DBN)

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Economy:

Manufacturing activity contracts in May to four-year low
(DBN)

Surprise Manufacturing Downturn Holds Back US Growth
(DBN)

Global Manufacturing Is Barely Above Stagnation
(DBN)

Goldman: The Fed Could Begin 'The Taper' As Early As September
(DBN)

ISM Recession Indicator Triggered For The First Time This Year
(DBN)

Bernanke's 10 hilarious tips
(DBN)

Recession Culprits? Greenspan and Trichet
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Senators Near Plan to Abolish Fannie Mae, Shrink U.S. Backstop
(DBN)

Would End of Fannie, Freddie Be Bad for Housing?
(DBN)

Attorney gets 30 months in mortgage case that brought down 2 lawyers and a paralegal
(DBN)

HSBC to Be Sued by N.Y. for Foreclosure Law Violations
(DBN)

Upbeat buyers push prices higher: Clear Capital
(DBN)

'Micro' Apartments Are New Housing Trend
(DBN)

RMBS servicers lean more heavily on short sales
(DBN)

US construction spending up 0.4 percent in April
(DBN)

Russian Oligarch Plans To Demolish $95 Million Mansion He Bought From Trump Because Of A Terrible Mold Problem
(DBN)

Breakwater Concludes Restructuring of Austin Property
(DBN)

Unknown principal forbearance risk fuels $1 billion in RMBS losses
(DBN)

Coastal apartment complex enters Chapter 11 bankruptcy
(DBN)

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Student Debt:

Elizabeth Warren's (Rhetorical) Discount Window for Student Loans
(DBN)

Your Guide To The Battle That's Raging Over Student Loans In America
(DBN)

Deutsche Bank Declares In Big Letters: 'Student Loans Not A Problem'
(DBN)

Hope For Student Loan Debtors in Bankruptcy
(DBN)

My Student Loan Debt is More Than 20 Years Old
(DBN)

Swedish Students Go To College For Free And Still Wind Up With Five-Figure Debt
(DBN)

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Municipalities:

Winston disqualification flap raises issue: What is direct conflict?
(DBN)

Reckoning Nears for Detroit
(DBN)

DIA board briefed on bankruptcy
(DBN)

Snyder declares financial emergency in Hamtramck
(DBN)

Fitch cuts Illinois rating over failure to fix pensions
(DBN)

New Jefferson Co. attorney hopes to 'move the county forward'
(DBN)

Jeffco schedules finance meeting to consider possible deals with sewer creditors
(DBN)

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Consultants:

Wells Fargo Restructuring Banker Deirdre McGuinness Leaves For Kurtzman
(DBN)

Scott Friedman Joins GCG as Assistant Director, Bankruptcy
(DBN)

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Derivatives:

LCH Begins NY Service to Give Customers US Bankruptcy Cover
(DBN)

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Fraud:

May 2013 Ponzi Scheme Roundup
(DBN)

TD Bank To Settle With Three More Plaintiffs in Scott Rothstein Scheme
(DBN)

Rengan Rajaratnam Had Plea Talks Over Insider Charges
(DBN)

SAC may cut staff, offices as probe pushes investors away
(DBN)

An Earlier Hedge Fund Inquiry May Have Led to the SAC Capital Case
(DBN)

Wall Street Transfixed by SAC Deadline
(DBN)

Rajaratnam's brother in plea talks over insider charges
(DBN)

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Oil/Gas:

ATP Oil Executives Sued by Macquarie Investments for $32 Million
(DBN)

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Portraits:

Lifetouch bids $3.3 million for CPI assets
(DBN)

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Tax:

IRS has long history of burying non-profits in paperwork
(DBN)

IRS Scandal: New Evidence Undermines Tea Party Groups' Bias Claims
(DBN)

Sorry, I was Wrong on Apple's Tax Dodging
(DBN)

Ted Cruz unintentionally explains why we need the IRS
(DBN)

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Autos:

Four years after bankruptcy, GM set to rejoin S&P 500
(DBN)

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Telecoms:

LightSquared financing deal includes Harbinger paying some fees
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (43 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

San Antonio: Bankruptcy filings climb YTY in May
(DBN)

OH: Bankruptcy filings up by over 2% in 21 county area
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Ethics:

The Bankruptcy Ethics Task Force's Final Report
(DBN)

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Discharge:

US Supreme Court's Decision in Bullock: A Significant Development in Determining "Recklessness" Under Federal Law?
(DBN)

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Sales:

Bankruptcy Bidder Protections Climbed in 2012
(DBN)

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Bankruptcy Reform:

Bankruptcy Reform Commission - June 4 Field Hearing: Witness Statements: Opening Statement --- Lawrence C. Gottlieb --- Elizabeth I. Holland --- David L. Pollack --- Robert L. Eisenbach, III --- Lisa Hill Fenning --- Jeffrey A. Wurst

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Avoidance Actions:

Company owner attempted to evade $5 million judgment by filing bankruptcy, suit says
(DBN)

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Mootness:

Three Appeals of Borders Gift Card Holders Dismissed for Equitable Mootness
(DBN)

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Bankruptcy Compensation:

Coda Short Circuits on Reporting Insider Pay
(DBN)

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Recent Pleadings:

Skadden Says No Collusion, Seeks $4 Million
(DBN)

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TBTF:

AIG, Prudential Named Systemically Important by Panel
(DBN)

AIG, GM rejoin S&P 500 nearly five years after US bailout
(DBN)

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Insurance:

Securing the Director and Officers Liability Insurance Lifelines
(DBN)

US mortgage insurer Triad Guaranty files for bankruptcy
(DBN)

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Litigation:

Okla. gov. signs into law bill curbing lawsuit lending
(DBN)

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Celebs:

Schilling lawyer to continue argument to toss suit
(DBN)

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Personal Finance:

The Best And Worst Things To Buy In June
(DBN)

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Banking:

Whale of a Trade Revealed at Biggest U.S. Bank With Best Control
(DBN)

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Photography:

Kodak shareholders face uphill battle in bid for equity committee
(DBN)

Kodak Pacts to Supply 20th Century Fox With Film
(DBN)

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Health Care:

LifeCare Family of Hospitals Emerges From Chapter 11
(DBN)

Montefiore to Acquire Another Bankrupt Hospital
(DBN)

WindsorMeade emerges from bankruptcy
(DBN)

La Paz's Chapter 11 petition proceeds at court hearing
(DBN)

Baby boomers are killing themselves at an alarming rate, raising question: Why?
(DBN)

Dear Young People, Your Insurance Premiums Are Going Up, Because Obamacare Is Working As Planned
(DBN)

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UK:

British business insolvency tracks at 2007 ‘low level’ as progress noted across market
(DBN)

Motor retail insolvencies fall in latest figures
(DBN)

Insolvency Service: Recession hit women harder
(DBN)

Albert Edwards: I Cannot Suppress My Anger Any More, The UK Is Putting Young People Into Indentured Servitude
(DBN)

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EU:

Draghi Sees Signs of Stabilization in 'Challenging' Economy
(DBN)

IMF urges Germany to keep spending amid low growth
(DBN)

Austerity reality sets terms of a balancing act in Cyprus --- Fitch downgrades Cyprus 1 notch to B minus
(DBN)

____________

PIIGS:

Trustee accuses Dunne of failing to co-operate --- US court official acts to compel Seán Dunne to face creditors
(DBN)

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