March 13, 2013

The Daily Bankruptcy News

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Law:

Morgan Lewis, Paul Weiss, O'Melveny Advise on Buy That Pairs Twinkies With Pabst Blue Ribbon
(DBN)

Montali OKs Clawbacks from Firms That Hired Heller Partners
(DBN)

Howrey Trustee Makes Good on Promise to Sue Former Partners
(DBN)

Archer & Greiner, McDermott, Davis Polk: Business of Law
(DBN)

Pop Goes the Law
(DBN)

‘Enemy’ Davidoff, Nixon Peabody, Bird: Business of Law
(DBN)

Personality Tests — Understanding Your Enemies’, Er, Your Colleagues’, Strengths and Weaknesses
(DBN)

Jones Day lawyer is governor's choice for Detroit manager
(DBN)

Mayer Brown strengthens Restructuring, Bankruptcy & Insolvency practice in NY with addition of partner
(DBN)

Goldstein & McClintock Adds Bankruptcy Partner
(DBN)

National Firm With Wilmington Office Shortens Its Name
(DBN)

Innovators: Bringing Data, and Disruption, to the Legal Industry
(DBN)

Hotels -- Bottom Line, It's All About Wi-Fi
(DBN)

More In-House Lawyers Question the Billable Hour
(DBN)

Slow job market isn't only thing driving top graduates to midsize firms
(DBN)

Over-Expanded Archer & Greiner Lays Off Lawyers, Support Staff
(DBN)

McKenna Long reaps the rewards of expansion
(DBN)

Paul Hastings Lawyer Whose Home Was Site of 1980 Murder Fights to Keep Killer Behind Bars
(DBN)

Best Law Schools 2014 --- Why The New US News Law School Rankings Are Still Deeply Flawed --- Major shakeups in the middle ranks of 'U.S. News' law school list --- Weigh 4 Factors Along With the Best Law Schools Rankings --- Law school rankings show enrollment drop --- Bob Morse "Explains" US News Rankings --- Law School Grads Find Temp Legal Jobs in Tough Market --- Experts Answer 6 Vital Law School Questions --- How to Evaluate Law Schools ' Jobs Data --- US News rankings change with better jobs data; which law schools are now unranked? --- New Data "Unmasks" Law Schools, Says Ranking Czar --- Responding to the New U.S. News Rankings: The Parade of Deans Begins Now --- Which Is the Most Wicked Awesome Law School in Boston?
(DBN)

Brain Drain From Top-50 Law Schools
(DBN)

Northwestern Law Cuts Size of Class as Graduates Can't Land Jobs
(DBN)

Top law schools boost scholarships and loan repayment assistance
(DBN)

Does Anybody Ever Turn Down UVA Law? Or Are They Just Gaming Their Yield Rate?
(DBN)

The Pre-Law Tour
(DBN)

Law school drudgery chronicled in 2L’s hit parody video
(DBN)

250 lawyers and staffers told to clear desks and go home, as regulators ‘intervene’ at law firm
(DBN)

Judge axes ex-partners’ suit saying Citibank misled them about Howrey finances when making loans
(DBN)

7 Passive-Aggressive Ways to Prove You Are Working Hard
(DBN)

Tortious-Interference Claims Between Lawyers Held Cognizable, But Limited
(DBN)

Are Lawyers Subject to the Pygmalion Effect?
(DBN)

Work-life balance is not just a problem for women
(DBN)

$13M attorney fee in clergy abuse case is at center of ‘epic’ divorce fight
(DBN)

Lawyer is criminally charged, accused of offering legal services in exchange for sexual favors
(DBN)

Bryan Cave legal secretary gains $100K, thanks to Ed Koch
(DBN)

New York City Appeals Soda Size Ban Court Defeat
(DBN)

Guns Kill More than Car Accidents in 14 States
(DBN)

Airport police detain passenger attempting to smuggle 26,000 diamonds
(DBN)

You've been served ... through Facebook?
(DBN)

Big Brother: Drone industry predicts $82 billion in economic boon and 70,000 jobs
(DBN)

"Was that wrong? Should I not have done that?"
(DBN)

'Cannibal Cop' to Stew in Prison After Jury Convicts on Both Counts
(DBN)

This Map Reveals Exactly Where Meth Is A Huge Problem In America
(DBN)

Judge lifts gag order regulating lawyer’s Facebook posts
(DBN)

California Lawyer Makes Bid to Save Lindsay Lohan
(DBN)

Sandusky matter has cost Penn State over $41M, not including possible victim settlements
(DBN)

Say What?!
(DBN)

______________

Judges:

U.S. federal judiciary warns of impact of budget cuts --- Judge Warns Federal Cuts Will 'Strike at the Heart' of Judiciary
(DBN)

Sequestration Has Texas Federal Courts Evaluating Spending
(DBN)

Justice Kennedy on the Politicization of the Court
(DBN)

Ginsburg’s early birthday bash
(DBN)

Couple visits all 254 Texas courthouses in 14,500-mile odyssey, ties knot Monday in Ellis County
(DBN)

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Wall Street:

Stock index futures just down
(DBN)

Dow Makes Comeback And Closes At New All-Time Record High
(DBN)

Where banks really make money on IPOs
(DBN)

______________

Layoffs:

Job openings rise in January on retail bounce back
(DBN)

4.2 Million Americans Were Hired In January (And 4.1 Million Quit Or Got Fired)
(DBN)

10 Highest-Paying Temp Jobs - No Law Jobs
(DBN)

America's fastest growing job pays poorly
(DBN)

Top American CEOs About Job Creation: Not Happening Here
(DBN)

More Boomers Starting Over with Startups
(DBN)

Survey: One in ten Americans denied job due to information in credit report
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Coupons:

Entertainment Publications files for Ch. 7 bankruptcy
(DBN)

Hundreds told they were no longer employed at company
(DBN)

______________

Equipment Rentals:

Creditors to vote on Ahern restructuring plans in May
(DBN)

______________

Autos:

Fiat chairman says still discussing how to merge with Chrysler
(DBN)

Former Chrysler execs lose bid to restore pensions
(DBN)

Chrysler Fires Protest Leader at Warren Plant
(DBN)

U.S. Sells More Of GM - What Happens Next?
(DBN)

______________

Hollywood:

Fox Responds to Liquidation Suggestion in Rhythm & Hues Bankruptcy
(DBN)

This Is What Movies Would Look Like Without Visual Effects
(DBN)

______________

Ethanol:

Defunct Hopewell ethanol plant seeks delinquent tax bill settlement
(DBN)

______________

Mass Torts:

Fed Bill Would Require Details on Asbestos Payouts --- Committee Witness Statements:
Hon. Peggy L. Ableman -
Professor Todd Brown
-
Elihu Inselbuch
-
Marc Scarcella

(DBN)

Multiple States Considering Changes to Asbestos Transparency Laws
(DBN)

Wisconsin Attempts to Provide Transparency and Prevent Fraud From Those Seeking Compensation From Personal Injury Bankruptcy Trusts
(DBN)

______________

Aviation:

American, US Air Prepare for Merger Bumps
(DBN)

American Airlines gets court OK for Republic Airways deal
(DBN)

Fliers Find That Mileage Points Go Only So Far
(DBN)

What It's Like To Fly On North Korea's 1-Star Airline
(DBN)

FAA approves Boeing’s program to tackle 787 problems
(DBN)

______________

Lehman:

Nevada refuses to settle $30 million lawsuit brought by Lehman
(DBN)

______________

Politics:

Approval of Congress: How Low Can You Go?
(DBN)

______________

Personal Finance:

Couple Paid Off $109,000 Of Debt
(DBN)

Why The 4% Rule No Longer Works For Retirees
(DBN)

What It's Like to Live on a Shoestring Budget
(DBN)

______________

Economy:

Job Openings Increased in January as U.S. Labor Market Improved
(DBN)

BLS: Job Openings "little changed" in January
(DBN)

Small Business Employment Lags Recovery
(DBN)

NFIB: Small Business Optimism Index increases in February, Still Low
(DBN)

621,000 Jobs Created Under Obama
(DBN)

Many Americans Still Spending Less
(DBN)

Are Consumers Feeling the Payroll Tax Pinch?
(DBN)

Congress Gave Out Staff Bonuses Before Fiscal Cliff Hit
(DBN)

How Congress's Retirement Package Compares to Yours
(DBN)

What rebound? Poorer families slow to spend
(DBN)

Paul Ryan's Plan To Balance The Budget Within 10 Years --- The Tax Cut That Rich People Will Get Under Paul Ryan's Budget --- Five huge things we still don’t know about Paul Ryan’s budget --- GOP Revives Medicare Subsidy Plan --- Paul Ryan’s totally reasonable economic predictions --- The Ryan budget, in one chart --- Paul Ryan Balances The Budget By Keeping Cuts That He Slammed During The Election --- Ryan Plan is the Same Old Trickery --- Paul Ryan's Budget, Simplified: Save the Rich, Spare the Old, Forget the Poor --- Bush Official: Paul Ryan Plan Not Realistic --- Even the CBO Snubs Ryan’s Budget Plan --- Latest GOP Budget Is Ambitious, Unlikely to Pass
(DBN)

The Rich Pay Majority of US Income Taxes
(DBN)

The rich are seeing the majority of gains in life expectancy -- blame income inequality
(DBN)

Democrats, Republicans offer vastly different budgets --- White House says Obama plan won't include balanced budget
(DBN)

General Emails Airmen on Sequester Cuts
(DBN)

Poll: Sequester Has Not Hit Home
(DBN)

US Corporations Keep More Money Offshore
(DBN)

How to Fix America's Wealth Inequality: Teach Americans to Be Cheap
(DBN)

Inequality: Wealth, Spending and the Economy
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Hedge Fund Now Largest Owner of US Homes
(DBN)

More look to invest in foreclosures
(DBN)

Court Rejects Robosigning Settlement That Would Pay Borrowers $17.38 Each --- Robo-Signing Scandal: Hundreds More Military Members Were Victims
(DBN)

FL: Sen. Soto, Democrats, file foreclosure crackdown bills
(DBN)

US investors warn on bank foreclosure settlement
(DBN)

Existing Home Inventory is up 5.0% year-to-date on March 11th
(DBN)

In One Key Way, The Housing Crisis Is Still Going Strong
(DBN)

Report Warns GSEs Could Lose Billions On Interest Rate Risk
(DBN)

'Boomerang' Buyers Are Back Buying Homes
(DBN)

Bankruptcy case for $74M 'spec' house dismissed
(DBN)

Ocwen to acquire Ally mortgage servicing rights
(DBN)

Troubles mounting for REIT big Tony Thompson
(DBN)

AZ: Elevation Chandler sale may face more delays
(DBN)

Problems at FHA Too Big for Congress to Ignore
(DBN)

Another Man Swallowed By A Sinkhole, This Time In Illinois --- What Causes A Sinkhole
(DBN)

____________

Corporate Reform:

Senators Decide Not to Mess with Mary Jo White --- Who is Mary Jo White?
(DBN)

SEC nominee Mary Jo White vows to step up enforcement if confirmed
(DBN)

Elizabeth Warren Skewered The SEC's Record For The Past Two Years
(DBN)

Richard Cordray jumps back into the ring --- Warren Says Republicans Want to Weaken US Consumer Bureau --- GOP senators question consumer bureau's budget
(DBN)

Obama to appeal recess appointment ruling to Supreme Court
(DBN)

Realities Behind Prosecuting Big Banks
(DBN)

______________

Food/Beverage:

New Hostess owner eyes Twinkies return by summer
(DBN)

In the Battle For Twinkies, Wall Street Creamed Main Street
(DBN)

A Low-Fat Twinkie? Not Quite Yet
(DBN)

Delta Produce $100M suit against H-E-B over
(DBN)

The Best Irish Pubs In Big Cities Around The US
(DBN)

8 Bizarre Dishes
(DBN)

______________

Turnarounds:

In Spinoffs, a Chance to Jettison Undesirable Liabilities
(DBN)

______________

Retailing:

Wal-Mart's Holley Says February Sales Returned to Normal
(DBN)

JC Penney Is on the Road to Bankruptcy: Flickinger
(DBN)

J.C. Penney Seeks April Trial in Dispute With Bondholders
(DBN)

Delta Plaza Mall in foreclosure
(DBN)

______________

Health Care:

Florence Hospital in Arizona Declares Chapter 11 Bankruptcy
(DBN)

Citrus Universal Healthcare Gets Approval to Purchase Universal Health Care
(DBN)

Hospice Execs Got Raises; Much Of Staff Later Laid Off
(DBN)

Hospice endowment not mixed in with bankruptcy
(DBN)

Liberty Medical Supply, Arriva working through bankruptcy
(DBN)

Ezra Zucker Named CEO of Value Healthcare Services
(DBN)

______________

Celebs:

Lawyer wants to question Casey Anthony
(DBN)

Fallen NBA Star Robert Swift’s Financial Ruin Caused By Parents’ Greed, Claims Ex-Coach
(DBN)

Flacco Sacked By Hefty Taxes
(DBN)

Creditors claim bankrupt Smith dumped $2M
(DBN)

______________

Alternative Energy:

Cash-strapped Suntech to shut Arizona panel making facility
(DBN)

Wall Street May Lose in $541 Million Suntech Bond Default
(DBN)

Suntech Delays Bond Repayment to May 15 in Restructuring --- China bailout eyed as sun goes down on former solar tech star
(DBN)

Solarworld Postpones Release of Results as Debt Talks Continue --- In 'constructive' talks with creditors --- May delay annual press conference
(DBN)

Chinese Companies Want Solyndra Case Tossed
(DBN)

______________

Tech:

Conexant Systems committee of unsecured creditors appointed
(DBN)

______________

Awards:

American College of Bankruptcy Inducts Milbank Partner Mark Shinderman
(DBN)

American College of Bankruptcy - Class 24 Members
(DBN)

______________

Student Debt:

Colleges Are Still Finding Room In The Budget For Hefty Faculty Bonuses
(DBN)

Wall Street turns profit in student loan debt
(DBN)

If College Leads to Jobs, Why Are So Many Young College Grads Unemployed?
(DBN)

______________

Golf:

Youngsville's Olde Liberty Golf club back in court
(DBN)

Developer Bruce Toll eyes bid for Woodcrest Country Club
(DBN)

______________

Education:

Closed Lon Morris Plans to Sell Oil Rights
(DBN)

Permission to sell LMC mineral rights could pay $1 million debt to Texas National Bank
(DBN)

______________

Banking:

FDIC Under Scrutiny For Not Announcing Settlements
(DBN)

FDIC Data Shows Stressed Community Banks
(DBN

______________

Video Games:

Court Approves THQ Employee Severance and Benefit Extensions
(DBN)

______________

Hotels:

Developer wins bankruptcy bid on beachfront Fort Lauderdale hotel for $23M
(DBN)

______________

Resorts:

Greek Peak bankruptcy auction slated for next week
(DBN)

______________

Finance:

Creditor calls for bankruptcy trustee for Arcapita unit
(DBN)

______________

Metals:

Ormet Corp. unsecured creditors committee appointed
(DBN)

______________

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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Exemptions:

House Judiciary leader wants to update Arizona bankruptcy laws
(DBN)

______________

Safe Harbors:

The Bucket Theory: Delaware Provides Guidance on the Definition of “Repurchase Agreements”
(DBN)

______________

Venue:

Bankruptcy Court Rejects Forum-Shopping Ploy
(DBN)

______________

Plan Confirmation:

Fifth Circuit Holds That Bankruptcy Reorganization Plan May Artificially and Immaterially Impair Class Claims to Confirm Through Cramdown
(DBN)

Fifth Circuit Affirms Confirmation of Cramdown Plan With Artificial Impairment
(DBN)

______________

Estoppel:

Lack of bankruptcy disclosure no grounds to stop discrimination case - judge
(DBN)

______________

Committees:

Court Upholds Plan Provision Authorizing Payment of Fees to Members of Unsecured Creditors' Committee
(DBN)

______________

Cross-Border:

Consensual Deal Ends Restructuring of Vitro S.A.B., de C.V.; Predicting its Potential Impact Begins
(DBN)

______________

Discharge:

U.S. Supreme Court to decide when a breach-of-trust judgment against a former trustee is dischargeable in bankruptcy
(DBN)

______________

Trustees:

Two Cases Emphasize Distinct Approaches to Trustee Discretion
(DBN)

______________

Recent Pleadings:

Penson Committee Objects To Disclosure, Says Plan "Rife With Potential Conflicts"
(DBN)

______________

TBTF:

TBTF or Maybe WT-?
(DBN)

Hank Greenberg Doubled The Amount He Thinks The Government Owes Shareholders For The AIG Bailout
(DBN)

Question for Liz Warren: How Many Subsidies Does a Zombie Bank Need?
(DBN)

Lobbyists Dispute $83 Billion Argument. They're Wrong
(DBN)

7 Wall Street Bankers Pushing To End ' Too Big To Fail '
(DBN)

______________

Insurance:

BofA’s Countrywide Asks Appeals Court to Undo MBIA Ruling
(DBN)

______________

Municipalities:

Are We There Yet? Post Confirmation Issues Part I – Obtaining a Chapter 9 Discharge
(DBN)

Chrysler bankruptcy lawyer is Detroit manager pick --- Background: Top pick for Detroit emergency manager helped Chrysler through bankruptcy, advised young lawyers not to drink at lunch (video)
(DBN)

The Bankruptcy Files: Ailing Detroit Hires Jones Day
(DBN)

Detroit council appeals fiscal emergency finding --- City aims to convince Snyder: We have a plan to fix financial crisis --- Detroit Council Argues Against Naming State Fiscal Overseer --- Detroit City Council's case against an EFM doesn't add up --- Could bankruptcy be the ultimate fix for Detroit's finances?
(DBN)

Detroit officials beg state to reconsider Emergency Manager --- Detroit's appeal against emergency manager appointment: 'A deal's a deal' --- Michigan GOP considers aid for Detroit , once they're in charge of it
(DBN)

For Detroit, a Crisis of Bad Decisions and Crossed Fingers
(DBN)

Detroit Takeover Won't Harm Muni Insurers: Analyst
(DBN)

Harrisburg, Pennsylvania to skip more debt service payments
(DBN)

San Bernardino says it can't pay state $15.2M
(DBN)

Bankrupt San Bernardino threatens to sue California over taxes
(DBN)

Jefferson County to file bankruptcy exit plan by June 1, officials say
(DBN)

Gubernatorial candidate Steve Woods says 108 Maine towns ‘basically insolvent’
(DBN)

Ex-Highland Park manager enters plea in money case
(DBN)

Chapter 9 Update: Limiting Jurisdiction in Municipal Bankruptcies
(DBN)

______________

Fraud:

Stanford U.S. Receiver Has Deal With Antigua Counterpart
(DBN)

Allen Stanford Investors May Get Some Money Back
(DBN)

Insider trading defendants urge 2nd Circuit to overturn convictions
(DBN)

Sentence of Former LeNature's Executive Upheld
(DBN)

______________

Hedge Funds:

How To Make A Million Dollars An Hour
(DBN)

Hedgie Paulson an Absolute bust in ’12
(DBN)

Court hands down key judgment on BVI hedge fund insolvencies
(DBN)

______________

Stadiums:

Yankee Stadium Parking Operator Retains Bankruptcy Law Firm
(DBN)

______________

Credit Reporting:

Four Things To Know About The New Credit Score Everyone Is Talking About
(DBN)

______________

Sovereigns:

Refuge From Legal Battle Spurs Best Bond Rally
(DBN)

Argentina and the Morality of Vultures v. Deadbeats
(DBN)

Bankrupt countries are coming after investors
(DBN)

______________

UK:

R3 comments on the Government's independent review of pre-packs
(DBN)

U.K.'s SRA 'Intervenes' in Law Firm, Tells 250 Employees to Clear Out Desks
(DBN)

Business “lulled into false sense of security” by taxman
(DBN)

HMV rescue deal expected by the end of March - source
(DBN)

Venue row pushes Coventry closer to administration
(DBN)

Gordon Brothers Advances Blockbuster Talks
(DBN)

Blakemores shuts its doors
(DBN)

Co-op latest client to ditch Cobbetts' debt recovery arm --- Before the DWF deal: Cobbetts' path to administration --- DWF: Self-assembly, or the DIY law firm --- DWF-Cobbetts: fit for purpose?
(DBN)

England May See Third Recession Soon
(DBN)

_____________

EU:

European defaults remain high but conditions easing - S&P
(DBN)

Millions in EU Now Require Red Cross Food Aid
(DBN)

Banks Saved, but EU Risks a Lost Generation
(DBN)

______________

PIIGS:

Downgrade of Italy’s debt causes banks to decline
(DBN)

Spain's Pescanova finds mismatch in its accounts --- Spain will spend $4.6 billion to reduce its 56.5% youth unemployment rate
(DBN)

Greece withdraws bill that would have benefited tax dodgers --- Greek State Budget Deficit Widens --- Greek Economy Contracted Less than Estimated --- Cash-strapped Greece to sell government buildings --- Greek Economy Continues to Collapse --- A global “new deal”?
(DBN)

______________

Canada:

Ontario Court of Appeal considers reporting clause in a D&O Policy
(DBN)

Nortel fast-tracking unlikely to bring speedy solution
(DBN)

______________

Germany:

Insolvent German firm Hess in talks to find a buyer
(DBN)

Eurozone financial crisis far from over: German Central Bank
(DBN)

______________

Cyprus:

Euro zone crisis: Sad Cyprus
(DBN)

______________

India:

Corporate restructured loans jump 35% in FY13
(DBN)

______________

Australia:

Sparke Helmore Adds Sydney Insolvency Partner
(DBN)

______________

Netherlands:

Dutch Companies Bankruptcies Hit Record
(DBN)

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