March 11, 2013

The Daily Bankruptcy News

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Law:

Legal services sector almost flat in February
(DBN)

Why I Fled My Dehumanizing Corporate Law Firm And Never Looked Back
(DBN)

Appalachian inbreeding comment won’t lead to ethics charges for Crowell lawyers
(DBN)

At Winston, Revenue Flattens as Attorney Ranks Thin
(DBN)

Simpson Thacher, Skadden, Shiff Hardin: Business of Law
(DBN)

Feds spend big on outside legal work
(DBN)

California Judge Tosses Former Howrey Partners' Suit Over Citibank Loans
(DBN)

Federal judge tosses lawsuit against SNR Denton
(DBN)

Billable Hours May Get Former Congresswoman Disbarred
(DBN)

The Future of Law as Seen From Silicon Valley
(DBN)

Top UK law firms lower their growth projections for 2013
(DBN)

Does Dallas need a new law school in this climate?
(DBN)

Two law schools offer a money-back guarantee - with strings attached
(DBN)

What to Expect If You’re Planning on Applying to Law School (Part II)
(DBN)

US News 2014 Law School Rankings
(DBN)

Celebrity Law Prof Death Match: Paul Campos v. Brian Leiter
(DBN)

Which State Bar is Discouraging People from Going to Law School?
(DBN)

Another Law School Dean Misses the Target
(DBN)

Jones Day lands 6 high court clerks
(DBN)

Lights, Camera, Lawyers: Attorneys Play Roles in Morton Film
(DBN)

Can an iPhone App Improve Your Legal Writing?
(DBN)

Apps Help Find Lawyers, And Keep an Eye on Them
(DBN)

Thinking Of Moving To The Cloud? Forecast: Cloudy With A Chance Of An Ethical Violation
(DBN)

London firms use short-term NQ contracts to inflate retention rates?
(DBN)

Australia: Managing Partner Survey 2013, Layoffs Expected
(DBN)

Bicyclist faces felony vehicular manslaughter case in pedestrian’s death
(DBN)

Bin Laden ‘consigliere’ arraigned in federal court, accused in claimed conspiracy to kill Americans
(DBN)

Girls, And Their Mothers, Sue Sorority For Human Rights Violations — But They Still Want To Join The Sorority
(DBN)

First the good news: GPS devices lead police to 8 stolen school buses
(DBN)

En Banc Ninth Circuit Holds That Computer Forensic Searches Are Like 'Virtual Strip Searches' And Require Reasonable Suspicion At the Border
(DBN)

Trial of (dead)lawyer delayed
(DBN)

School Confiscates 3rd-Grader's Cupcakes... Decorated With Toy Soldiers
(DBN)

Say What?!
(DBN)

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Judges:

The judicial courage of Judge Sotomayor
(DBN)

Justice Kennedy: '9 Unelected People' Shouldn't Have So Much Power
(DBN)

Justice Scalia's staggering assertion of judicial activism
(DBN)

Justice Ginsburg: Equality's architect
(DBN)

Judge Alex Kozinski: From Communist Romania to the 9th Circuit Court of Appeals
(DBN)

Sequestration outlook bleak for federal courts
(DBN)

Dallas DA Learns You Don’t Mess With Texas… Judges
(DBN)

California Judge Accused in ‘Quid Pro Quo’ Sexual Affair… With a Law Student?
(DBN)

Blocked Bids to Fill Judgeships Stir New Fight on Filibuster
(DBN)

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Wall Street:

Stock futures slip; budget worries move into focus
(DBN)

Stocks close higher following strong job growth
(DBN)

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Layoffs:

Construction industry adds 48,000 jobs
(DBN)

There's a massive difference in unemployment between those with college degrees and those without
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Distressed Investing:

New ETF Underway for Distressed Debt
(DBN)

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Golf:

Preparations begin to auction Woodcrest Country Club
(DBN)

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Utilities:

Picacho Hills water utility files bankruptcy , halting proposed sale
(DBN)

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Municipalities:

San Bernardino threatens legal action to protect former EDA properties
(DBN)

End automatic raises in bankrupt San Bernardino
(DBN)

San Bernardino officials ran up city credit card on outings
(DBN)

Could San Bernardino be more like Detroit?
(DBN)

Dave Bing's Legacy Clouded By Emergency Manager Threat --- Protesters blast Detroit manager --- Patterson: Detroit Needs Help to Fix Finances --- Snyder: Expect fast EM decision if Detroit's appeal falls short --- An Emergency Manager for Detroit might be better --- State senator has harsh words on Detroit mayor's refusal to fight emergency manager appointment --- Denial in Detroit is undermining progress --- Power grab
(DBN)

Bankrupt Municipality May Reduce Retiree Benefits
(DBN)

Sequestration on the Local Level
(DBN)

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Aviation:

USAPA president explains why the union filed the lawsuit against Leonidas group
(DBN)

Leonidas responds to USAPA lawsuit, says it has asked that case be transferred to Phoenix
(DBN)

US Air CEO Defies Buffett Adage Seeing American on Top
(DBN)

American Airlines merger has both firms' workers sweating the logistics
(DBN)

The end in sight: American Airlines bankruptcy case is winding down
(DBN)

FAA says 173 air traffic control towers will close on April 7
(DBN)

Things You Can't Do on a Plane: Special Harlem Shake Edition
(DBN)

Bankrupt Batavia Air Ordered to Pay Rp 14.1b in Severance Fees to Former Employees
(DBN)

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Celebs:

Casey Anthony: How much is her story worth?
(DBN)

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Fraud:

Separate inquiries surround NCAA investigation of Miami --- Shapiro attorney faces scrutiny from federal judge
(DBN)

Man's dispute over money recovered from Madoff Ponzi scheme involves Marin accountant
(DBN)

Fugitive Hedge Fund Manager Homm Arrested at Gallery
(DBN)

Ex-Galleon Trader Zvi Goffer Seeks Reduced Prison Term
(DBN)

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Restaurants:

Bankruptcy Filing Will Allow Some Taco Ticos To Reopen
(DBN)

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Economy:

US economy adds jobs but braces for cuts
(DBN)

Payrolls in U.S. Rose More Than Forecast; Jobless Rate at 7.7%
(DBN)

Wholesale Inventories in U.S. Jump by Most in More Than a Year
(DBN)

Rep. Paul Ryan: House budget will assume repeal of ObamaCare
(DBN)

U.S. consumer credit increased $16.2 billion in January
(DBN)

The US Is Only The 19th Best Place In The World For Retirees
(DBN)

American Workers Are Starting To See Their Wages Accelerate, For The First Time Since The Crisis
(DBN)

The five biggest lies about entitlement programs
(DBN)

Federal workers owe $3.5 billion in back taxes
(DBN)

Firms Send Record Cash Back to Investors
(DBN)

US Credit Swaps Decline to Two-Year Low as Jobless Rate Falls
(DBN)

24 Countries With Better Infrastructure Than America
(DBN)

Where Rich And Poor People Live
(DBN)

Bernanke: USA's real maestro
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

 

Why A Bunch Of Economists Expect The US Housing Market To Go On A Huge Tear
(DBN)

Manhattan's 10 Most Distressed Properties
(DBN)

HI: Conflict-beset luxury project in bankruptcy
(DBN)

Senator Asks Justice Department to Investigate Mortgage Company
(DBN)

Single-family rentals — a boon for homeowners reeling from bust?
(DBN)

5 cities where houses are still cheap
(DBN)

Buying land in bad times leads to pay dirt
(DBN)

Foreclosure crew empties wrong building
(DBN)

Edward DeMarco And The Harlem Shake
(DBN)

Housing heats up, but far from normal
(DBN)

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Celebs:

22 Ways Professional Athletes Go Broke
(DBN)

The Most Frugal Celebrities
(DBN)

John L. Smith Denies Concealing Assets in Bankruptcy
(DBN)

The Broke and the Beautiful: Downton Abbey Redux Edition
(DBN)

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Banking:

Ally Says Loan-Loss Projection 50% Lower Than Fed Calculation
(DBN)

Is Citi safer than JPMorgan? And other stress-test questions
(DBN)

Regulators close Frontier Bank in Georgia
(DBN)

MBIA Loses Bid to Get FDIC Funds to Cover IndyMac Liability
(DBN)

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Resorts:

Potential bidders looking at Greek Peak ahead of asset sale
(DBN)

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Hollywood:

Rhythm & Hues Bankruptcy Spurs Explosive 'Liquidation' Suggestion --- Rhythm & Hues bidder: 'I won't liquidate'
(DBN)

Rhythm & Hues bankruptcy update: Court approves $17m ‘Stalking Horse’ bid from Korean firm
(DBN)

Creditors Attack Rhythm & Hues Principals, Fox and Universal
(DBN)

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Equipment Rental:

Rival plans for Ahern Rentals headed for creditors vote
(DBN)

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Mass Torts:

Rapid - American Files Bankruptcy Citing Asbestos Liability
(DBN)

As Asbestos Claims Rise, So Do Worries About Fraud
(DBN)

BP 'Played It Fast and Loose,' Expert Testifies
(DBN)

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Health Care:

Transparency wanted in Interfaith bankruptcy
(DBN)

Diehard cancer vaccine developer files for bankruptcy with plans to emerge
(DBN)

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Autos:

GM creditors appeal $1.5 bln fight with JPM, lenders
(DBN)

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Fitness:

AllStar Fitness bankruptcy: Cancellation sought for 2,100 prepaid contracts --- What prospective owner Sam Adams says about contract cancellations and club renovations
(DBN)

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Student Debt:

It’s $prinG break
(DBN)

How the student loan crisis is hurting home prices
(DBN)

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Debt Collection:

Big Banks Facing Investigation Over Debt Collection Account Information
(DBN)

State freezes assets of debt collectors accused of posing as cops
(DBN)

______________

Accounting:

Going Concern Opinions are Rare after Top Execs Unload Stock
(DBN)

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Alternative Energy:

Suntech Unit May Seek Bankruptcy Protection, Business Says
(DBN)

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Oil/Gas:

Geokinetics Files for Chapter 11 Bankruptcy in Delaware
(DBN)

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Family Services:

Families devastated after adoption agency goes bankrupt
(DBN)

______________

Biotech:

FDA demand helped push Biovest into bankruptcy
(DBN)

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Photography:

Judge Approves Kodak's Amended Financing Pact
(DBN)

______________

Gambling:

Revel Casino Said to Plan Bankruptcy Filing This Month
(DBN)

Betting Site InTrade Is Completely Shutting Down Trading
(DBN)

The Extraordinary Rise Of Native American Casinos
(DBN)

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Financing:

Enforcing 'Bad Boy' Guarantees in Nonrecourse Financings
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (46 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

An Insider’s Guide to Evading Absolute Priority?
(DBN)

Fifth Circuit Permits Artificial Impairment of Unsecured Trade Creditors to Cram Down Plan Acceptance on Secured Lender
(DBN)

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Subordination:

A Tale of Two Debtors: Lehman Brothers and the Availability of Equitable Subordination in the "Dueling Debtor" Context
(DBN)

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UCC:

General Motors Bankruptcy Court Applies the Brakes to Unauthorized Termination Statements
(DBN)

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Sales:

The Bankruptcy Discount: Profiting at the Expense of Others in Chapter 11
(DBN)

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Recent Pleadings:

Madoff Trustee Can't Intervene In Fairfield Fight
(DBN)

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TBTF:

Justice Defends Record On Prosecuting Financial Entities
(DBN)

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Consultants:

Snapshot: Jennifer Mercer
(DBN)

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Corporate Governance:

Fiduciary Duty Bound (Part 1): “Default” Fiduciary Duties Apply in Delaware LLC’s…Or Maybe They Don’t
(DBN)

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Insurance:

Court Upholds the New York Insurance Department's Approval of MBIA Restructuring
(DBN)

For MBIA and Bank of America, the Battle Rages On
(DBN)

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Litigation:

Debating the Merits of the Boom in Merger Lawsuits
(DBN)

"In Pari Delicto" -- South Florida Style!
(DBN)

Solving the biggest problems of e-discovery
(DBN)

______________

Telecoms:

Nortel U.K. Retirees Lose Bid for Arbitration
(DBN)

Canada, U.S. courts to jointly handle Nortel Networks cash fight
(DBN)

Courts take novel approach to Nortel Networks cash fight
(DBN)

No end to Nortel saga soon: Trial planned for fall
(DBN)

Nortel bankruptcy to be resolved in trial
(DBN)

______________

Food/Beverage:

Hostess creditor, PE firms show interest in Twinkies brand
(DBN)

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Tax:

Here Are Some Of The Crazy Luxury Items For Sale At IRS Auctions
(DBN)

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Corporate Reform:

Corralling Mobsters, if Not Many Big Banks
(DBN)

An Etiquette Lesson For Elizabeth Warren From "El Loco"
(DBN)

CFPB Director Richard Cordray, Mary Jo White to appear before Senate
(DBN)

Regulators look to punish bankers for money laundering
(DBN)

SEC: Goldman cannot ignore proposal to split chairman, CEO roles
(DBN)

______________

Hotels:

Taos Hampton Inn owner files for bankruptcy , avoids tax auction
(DBN)

Judge confirms LodgeNet Chapter 11 plan
(DBN)

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Coal:

Coal mining bankruptcy hurts businesses
(DBN)

Frasure Creek parent company forced into bankruptcy
(DBN)

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UK:

Insolvency experts Harrisons appointed administrators to Scala Publishers
(DBN)

Martin Freeman's partner Amanda Abbington 'declared bankrupt '
(DBN)

Former Leeds United director facing fresh criminal charges
(DBN)

Parliament Repeats Demand That Osborne Toughens Bank Bill
(DBN)

Dundas and Weightmans take Semple teams as collapse sees 62 jobs lost
(DBN)

______________

EU:

Commission demands governments to examine finances of airlines
(DBN)

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PIIGS:

Italians Are More Than Twice As Wealthy As Germans --- Fitch cuts Italy credit rating after election impasse --- Italians argue over rating downgrade --- Why Italy Could Be the Next 'Bad Boy of Europe'
(DBN)

Greece may still have to quit euro --- Greece in talks with creditors --- Greek PM promises end to austerity measures
(DBN)

Ireland to set banks targets for mortgage clean-up -minister
(DBN)

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Canada:

The Second Opinion: Beware Contractual Provisions triggered (even indirectly)by a Party’s Insolvency
(DBN)

Starfield Resources Inc. Files a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act
(DBN)

______________

France:

Here's What Happens In France When Companies Fire People
(DBN)

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Germany:

German Exports Increased More Than Forecast in January
(DBN)

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China:

China's Economic Data Show Weakest Start Since 2009
(DBN)

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