March 15, 2013

The Daily Bankruptcy News

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Law:

Bonus Watch: Building Goodwill at McDermott Will & Emery
(DBN)

Trustee for Howrey files first clawback claims against 6 of 71 law firms from which $200M is sought
(DBN)

Mostly Modest Growth For a Dozen Top New York-Based Firms
(DBN)

Layoff Watch: Days Are Numbered for Some at Jones Day
(DBN)

Jones Day Hitting on All Cylinders for Motor City's Financial Restart
(DBN)

Covington, Milbank, Clifford Chance: Business of Law
(DBN)

Five Am Law 200 Firms Join Sandberg's "Lean In" Campaign
(DBN)

Half of surveyed dads report difficulties with work-life balance
(DBN)

New Round of Layoffs Hit Law Firms
(DBN)

Duane Morris Sees Revenue Grow 1.2 Percent, PPP 1.7 Percent
(DBN)

Consultant: BigLaw Growth is NOT Dead!
(DBN)

Bingham, Skadden and MoFo enjoy strong year in London as revenues rise --- Gibson Dunn's UK revenue falls despite global growth
(DBN)

Everybody's Talking at Me - Amid the cacophony, there's a message worth heeding: Define and measure value for your clients
(DBN)

From Biglaw to Boutique: Job Security
(DBN)

How to look good on television
(DBN)

Lawyers give seal of approval to Pope Francis
(DBN)

214 Asia GCs polled: Linklaters, KWM and Ashurst win client plaudits
(DBN)

UK: Field Fisher and SNR Denton join rank of firms delaying profit payouts
(DBN)

Is ‘No Child Left Behind’ creating subpar law students?
(DBN)

Law School News—Penn, New York Law, Georgetown, + More
(DBN)

A template for law schools' press releases, now that the USNWR rankings are in
(DBN)

Some Students Want Their Deans Fired After Poor Showing In The U.S. News Rankings (And One Head That’s Already Rolled)
(DBN)

If Associates Don’t Get A Raise, Expect Even Fewer LSAT Takers
(DBN)

NC: Triangle’s largest bankruptcy law firms --- Bankruptcies up in Durham, Orange
(DBN)

How Americans Lost Their Right to an Attorney
(DBN)

Looking to cut costs, AIG mulls reverse auction in panel review
(DBN)

Manhattan lawyer jumps eight stories to her death with her infant son strapped to her chest; baby survives with minor injuries
(DBN)

Lawyer takes state plea, will pay $1M to widow’s estate; federal $8.5M Ponzi probe continues
(DBN)

Ex-associate files sexual harassment suit against Faruqi & Faruqi firm and prominent partner
(DBN)

Lawsuit of the Day: A Super-Salacious Suit Against A ‘Legend’ of the Bar
(DBN)

Law firm settles Pfizer case, pays bills and emerges from Chapter 11 bankruptcy
(DBN)

Heiress Who Adopted Ex-Husband Spared Attorney Fees, Ending Trust Battle
(DBN)

California Mortuary Admits It Buried Wrong Woman Despite Husband’s Objections
(DBN)

Court Orders Soldier To Be Stoned To Death And Girl Shot After They Try To Elope
(DBN)

7 Notorious Bank Robbers Who Lived Happily Ever After
(DBN)

Say What?!
(DBN)

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Judges:

Judge Thomas Bennett being inducted into American College of Bankruptcy
(DBN)

A History Lesson From Clarence Thomas
(DBN)

Judge Authorizes Use of Truth Serum
(DBN)

Trial, Bankruptcy Delays: Justices Warn of Long-Term Budget Cuts --- How the Sequester Threatens the US Legal System
(DBN)

Justices Testify on Budget, Cameras, Minority Clerks
(DBN)

Supreme Court expresses concern over sequester
(DBN)

Proposed Search Fee Threatens Access to Public Court Records
(DBN)

Blind lawyer earns 11th Circuit clerkship using screen-reading software
(DBN)

Judge, husband to pay $500000 to settle bankruptcy dispute
(DBN)

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Wall Street:

Stock index futures signal pause at the open
(DBN)

Stocks up: Dow in 10-day win streak, longest since '96
(DBN)

Global shares jump on US data, Dow eyes 10th gain in row
(DBN)

Invitation To The Saint Venus Theater
(DBN)

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Layoffs:

Initial Claims Drop
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

Suntech Falls After Maxim Predicts 'Likely' Default, Bankruptcy
(DBN)

An Electric Car Company Is On The Verge Of Becoming The Next Solyndra
(DBN)

A123 Wins Court Permission for Creditors' Vote on Payment Plan
(DBN)

Chinese Solar: First Bond Default Likely Today
(DBN)

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Gambling:

Revel's problems are fixable, analysts say
(DBN)

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Personal Finance:

How 'America's Cheapest Family' Lives Well On A Shoestring Budget
(DBN)

Millionaire Lectures America About Joys Of Frugality
(DBN)

______________

Politics:

Dianne Feinstein Tells Ted Cruz, 'I Am Not A 6th Grader' During A Heated Gun Control Hearing
(DBN)

Rand Paul Slammed Wall Street At CPAC
(DBN)

The Obama Conspiracy Industry Is Still Going Strong
(DBN)

______________

Banking:

UBS banker gets $26m 'golden hello'
(DBN)

Anger simmers again over UBS bankers' pay
(DBN)

The Pay Quandary for Banks
(DBN)

Banks Bow to New York on Clawbacks
(DBN)

Senate on London Whale : Worse than we thought --- The Things Bankers Say, the London Whale Edition
(DBN)

Ally Fails Stress Test After Mulligan Goes Even Worse
(DBN)

Latest Stress Tests Have Market a Bit More Worried
(DBN)

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Soccer:

Valencia Close to Bankruptcy
(DBN)

______________

Economy:

Consumer Confidence Highest in a Year
(DBN)

New Jobless Claims Fall to 332,000
(DBN)

4 big pieces of economic data are coming out today
(DBN)

How The Consumer Came Back And Started Saving America Again
(DBN)

Military Personnel Certainly Do Not Have 'Lavish' Benefits
(DBN)

Why The Iraq War Cost $2 Trillion - And Could Go To $6 Trillion
(DBN)

Fed Cites Weakness in JP Morgan, Goldman Capital Plans
(DBN)

Survey: CFOs Reveal Concerns About Economy
(DBN)

Sequester: Proof Washington Thinks We're All Idiots
(DBN)

14 Ways America Is Better Than China
(DBN)

Bill Gates: Here's The Biggest Problem With Capitalism
(DBN)

What millionaires moving to save on taxes says about them, and us
(DBN)

Rail Traffic Confirms That The Economy Is Humming Along
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgages rates up on positive jobs report
(DBN)

Elizabeth Warren co-sponsors Fannie-Freddie bill --- Senators Take Aim at GSE Reform --- Aim to ring-fence Fannie, Freddie mortgage fees
(DBN)

Financially Troubled FHA Crowding Out Private Sector Mortgage Insurers, Witnesses Tell Subcommittee
(DBN)

Foreclosure Filings Up 2% In February
(DBN)

____________

Municipalities:

1 in 3 US counties are dying --- The Fastest Growing Cities And Counties In America
(DBN)

Michigan governor names bankruptcy lawyer to run Detroit finances
(DBN)

Michigan Wants A Guy Who Fixed Chrysler To Fix All Of Detroit --- Kevyn Orr: The 'Olympics of restructuring' --- Detroit's New Boss Says 'We Can Rise From The Ashes' --- Detroit emergency manager says hopes to avoid bankruptcy --- Opponents Label Detroit Emergency Manager An 'Uncle Tom' --- Orr: With 'good faith,' this could be done in 3-6 months --- Gov. Rick Snyder and Detroit EFM Kevyn Orr: How they met --- Detroit financial manager steps up from second fiddle --- Kevyn Orr strikes right tone in tackling Detroit's turnaround --- New Detroit EFM Kevyn Orr comes on like a superstar
(DBN)

Bankruptcy attorney with Michigan roots named Detroit EFM
(DBN)

Detroit emergency financial manager Kevyn Orr to receive $275K per year
(DBN)

Detroit: Lawyers on the Case
(DBN)

Beyond Detroit, city takeover may benefit Michigan governor
(DBN)

The EM bridge from Old Detroit to New Detroit
(DBN)

Half of Michigan Blacks Lose Local Power in Detroit Takeover
(DBN)

Is municipal bankruptcy Detroit's next step?
(DBN)

Lessons for Detroit in a City's Takeover - "An emergency manager is like a man coming into your house, He takes your checkbook, he takes your credit cards, he lives in your house and he sleeps in your bed with your wife. He tells you it's still your house, but he doesn't clean up, sells off everything and then he packs his bag and leaves."
(DBN)

Only Wall Street Wins in Detroit Crisis Reaping $474 Million Fee
(DBN)

JeffCo Commissioners hopes to have bankruptcy plan by June
(DBN)

6 U.S. Cities With the Worst Reputations
(DBN)

State takeovers of US cities rare but eye-catching
(DBN)

Are We There Yet? Post Confirmation Issues Part II - The Bankruptcy Court’s Continued Jurisdiction
(DBN)

______________

Celebs:

After earning £250,000 a month on tour Antony Costa was left homeless and near bankrupt when boy band Blue split
(DBN)

Wayne Newton animals: Exotics go cheap
(DBN)

______________

Traffic Safety:

Tiger Group Conducting Sealed Bid Offering Of Assets Of Bankrupt Traffic Safety & Control Equipment Manufacturer Addco, LLC
(DBN)

______________

Aviation:

Bill on Bankruptcy: How Purchasers of AMR Stock Made a Killing
(DBN)

American Airlines explains why it asked for more time
(DBN)

Southern Air Wins Judge's Approval to Exit Bankruptcy
(DBN)

Consultants: US Airways-American Airlines merger won’t hurt competition
(DBN)

Boeing sees 787 airborne in weeks with fortified battery
(DBN)

______________

Health Care:

Universal Health Care Group buyer remains optimistic
(DBN)

Highlands Regional Medical Center Restructures $27M in Debt
(DBN)

Hilltop health in Ansonia applies to close
(DBN)

Hospice Patient Moves Flagged
(DBN)

The Lucrative Effect of Docs Selling Drugs
(DBN)

Employers Blast Fees From New Health Law
(DBN)

______________

Tax:

Five Unbelievable Legitimate Tax Deductions
(DBN)

______________

Fraud:

Credit Suisse Settles Litigation Over National Century Financial Bonds
(DBN)

The Ultimate Ponzi: Scott Rothstein Book Excerpts Reveal Juicy Details
(DBN)

Objections filed to Rothstein firm's reorganization plan --- ‘Shocking’ and ‘outrageous’: RRA parties blast plan to cut off TD Bank lawsuits
(DBN)

______________

Coal:

Patriot Coal seeks to terminate retiree health benefits
(DBN)

______________

Bonds:

Chesapeake loses round in courtroom bond battle
(DBN)

Las Vegas Marriott CMBS ‘Tranche Warfare’ Case Settled
(DBN)

______________

Retailing:

Ackman-Roth Scored With Sears Before JC Penney Debacle
(DBN)

______________

Lehman:

Lehman UK Wins $1 Billion Appeal on Hedging Contracts
(DBN)

______________

Biotech:

Idera stock plummets 20 percent as company faces possible liquidation
(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 (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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:

Metro Phoenix bankruptcy filings fall at fast clip
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

The Fifth Circuit Weighs In on Artificial Impairment
(DBN)

______________

Venue:

Bankruptcy Court Surprises Observers and Transfers Venue of Patriot Coal Chapter 11 Cases to Missouri
(DBN)

______________

Involuntary Bankruptcy:

Bankruptcy Court May Not Second Guess State Court Judgments When Evaluating the Merits of an Involuntary Petition
(DBN)

______________

Sales:

Bankruptcy Buyers Beware
(DBN)

______________

Cross-Border:

Though bankrupt , China Medical's solvency a point of dispute
(DBN)

______________

UCC:

The Unauthorized Filing of a Uniform Commercial Code Termination Statement Has No Legal Effect
(DBN)

______________

Litigation:

Privilege Logs in the ESI Age
(DBN)

______________

Insurance:

Directors and officers liability insurance pricing up: Towers Watson
(DBN)

______________

TBTF:

Getting Rid Of 'Too Big To Fail' - Part II
(DBN)

An Interview With Former AIG CEO Hank Greenberg
(DBN)

Ally forced to rethink plan to repay $11.1bn owed to US govt
(DBN)

A Look Back At Bear Stearns, Five Years After Its Shotgun Marriage To JPMorgan
(DBN)

JPMorgan Report Piles Pressure on Dimon in Too-Big Debate
(DBN)

______________

Corporate Reform:

Elizabeth Warren has some questions
(DBN)

Elizabeth Warren: Richard Cordray Stalling By GOP 'Is About Keeping The Game Rigged'
(DBN)

Warren Says Consumer Bureau Foes Protect Profits for Bad Actors
(DBN)

CFPB announces new regional directors
(DBN)

Are Banks Bluffing on Danger of Regulations?
(DBN)

______________

Media:

Then & Now: What The World's Top Financial Journalists Looked Like Back In The Day
(DBN)

______________

Mass Torts:

House looks at asbestos claim transparency bill
(DBN)

______________

Food/Beverage:

East Coast Brokers & Packers files for bankruptcy protection
(DBN)

McKee Foods to buy Drake's business from Hostess
(DBN)

Landlord to pursue eviction of sugar firm Banah
(DBN)

Restaurant Sales Haven't Looked Like This Since The Start Of The Last Recession
(DBN)

______________

Newspapers:

Boston Phoenix to close; Portland, Providence papers remain open
(DBN)

______________

Student Debt:

Consumer Financial Agency to Increase Oversight of Student Loan Servicers
(DBN)

CFPB Rule For Nonbank Student Lenders
(DBN)

______________

Sovereigns:

Tea Leaves Two Ways (Pari Passu Prognosticating)
(DBN)

______________

UK:

PPF appoints new Head of Restructuring and Insolvency
(DBN)

Government reviews insolvency rules that let firms dump schemes
(DBN)

NAB rules out 'desperate fire sale ' of Yorkshire and Clydesdale
(DBN)

Responding to Financial Crisis, Britain Overhauls Its Regulators
(DBN)

______________

EU:

Germany Set To Eliminate Borrowing by 2015
(DBN)

______________

PIIGS:

Greek Unemployment Reaches Record 26 Percent
(DBN)

Irish government to impose sanctions on banks that fail to help distressed homeowners --- Quinn's son gives Russian bank account details to IBRC
(DBN)

______________

Israel:

Another Israeli Tycoon Declares Bankruptcy
(DBN)

______________

Hong Kong:

Hong Kong Feb bankruptcy petitions down 32.6 pct from Jan
(DBN)

______________

North Korea:

Why No One Pays Attention To The Crazy Threats From North Korea
(DBN)

______________

Indonesia:

Indonesian shipper, creditors reach deal to avert bankruptcy
(DBN)

______________

 

 

 

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