March 20, 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:

White & Case, Baker Botts, Gibson Dunn: Business of Law
(DBN)

At Squire Sanders, Profits Hold Steady Thanks to Sharp Decline In Equity Partner Ranks
(DBN)

Ex-Milberg partner seeks to overturn arbitration ruling
(DBN)

Revenue Falls, Profits Plummet at Fried Frank
(DBN)

New Milbank chair tells partners: London was highlight of 2012
(DBN)

Smolinsky Sees Similarities Between Reader's Digest, Kodak
(DBN)

Dilworth Paxson Opens New York Office With Bankruptcy Hire
(DBN)

The Biglaw Pie Chart That Tells You Where All The Hours Went
(DBN)

Sequestration Creates Ethical Hurdles, Trial Suspensions
(DBN)

At four law schools, fewer than 40 percent of students retain their merit scholarships
(DBN)

Essential Office Etiquette Tips
(DBN)

Superplease?
(DBN)

Working Remotely Works If You Do It Right
(DBN)

Is law really ‘very well suited to flexible working’?
(DBN)

Law Firm Leaders’ Confidence Up, As Are Discounting Concerns
(DBN)

Katie Holmes Has Law School Plans?
(DBN)

Former USC student wins Supreme Court "first sale" copyright decision
(DBN)

Former finance chief pleads guilty in embezzlement of $730K from DC law firm
(DBN)

Ex-Crowell & Moring Lawyer Is Disbarred
(DBN)

Bigamist lawyer who secretly married a stripper in Jamaica and was caught when FedEx sent his wife the marriage license, is suspended for six months
(DBN)

Circuit Rejects Ex-Sullivan & Cromwell Lawyer's Bid to Vacate Fraud Sentence
(DBN)

After layoff of 22 lawyers, prosecutor’s office stops covering some trials
(DBN)

Traffic cops check Facebook page for driver’s girlfriend, determine he’s a fugitive
(DBN)

Say What?!
(DBN)

______________

Judges:

Kagan says poor defendants are entitled to a ‘Ford Taurus’ defense
(DBN)

Senator Coons to Lead Subcommittee on Bankruptcy and the Courts: Legislative Implications
(DBN)

Supreme court: Can the government take a raisin? Farmer challenges Depression-era law
(DBN)

Benchslap of the Day: Kozinski & Co. Overturn a Murder Conviction
(DBN)

______________

Wall Street:

Stock futures gain, Fed in focus
(DBN)

U.S. Stocks Rise after Housing Starts Data
(DBN)

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

______________

Layoffs:

Everyone Made The Same Flawed Assumption About Sequester-Related Job Cuts
(DBN)

Housing has been booming! Construction jobs haven’t. Here’s why.
(DBN)

Americans Widely Back Government Job Creation Proposals
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

Date set for argument on selling Casey Anthony's life story
(DBN)

Lindsay Lohan’s Lunacy: ‘Mean Girl’ Threatens to Kill Lawyer
(DBN)

______________

Autos:

Hedge Funds and Old GM Trust Fail in Settlement Talks
(DBN)

General Motors CFO Says Creditor Suit May Harm Company
(DBN)

Fiat sees U.S. ruling on Chrysler valuation by June or July
(DBN)

______________

Gambling:

New Jersey casino regulators approve Jeffrey Hartmann as new Revel CEO
(DBN)

______________

Hollywood:

Digital Domain CEO: We Can Still Save the Visual-Effects Industry
(DBN)

______________

Coal:

Patriot Bankruptcy Case To Begin Amid Mine Worker Allegations
(DBN)

Fourth time’s a charm? Miners to protest at Peabody headquarters --- Thousands protest outside Peabody headquarters, bankruptcy court
(DBN)

12 arrested during coal co. protest
(DBN)

Coal workers are victims of the greedy
(DBN)

Commission pledges support to retirees
(DBN)

______________

Retailing:

Indianapolis developer files for bankruptcy on three shopping centers
(DBN)

______________

Health Care:

Bankrupt LifeCare to Sell Assets to Lenders
(DBN)

______________

Economy:

Housing Starts in U.S. Climbed 0.8% in February to 917,000 Rate
(DBN)

U.S. Satisfaction Down to 21%
(DBN)

Study: Cost of US Wars Linger Over a 100 Years
(DBN)

U.S. Economic Confidence Up Amid Record Stock Prices
(DBN)

Sen. Warren plans book on middle class
(DBN)

Elizabeth Warren did not say that the minimum wage should be raised to $22
(DBN)

FedEx Earnings Fall Short of Wall Street Estimates
(DBN)

ATA Trucking Index increases in February
(DBN)

Retirement Confidence Hits A Record Low
(DBN)

"Nearly three-quarters of the spending increases in Medicare over the next two decades can be attributed to aging alone."
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US 'Underwater' Homeowners Regain Equity as Prices Rise
(DBN)

Judge slaps Bank of America with big fine for violating orders in homeowners' case - Bank refused to acknowledge court-approved loan mod
(DBN)

15 Banks Sued Over LIBOR
(DBN)

Moorish American Nationals Laying Claim to Unoccupied Houses Throughout the U.S.
(DBN)

Sen. Corker: Housing Regulator Needs A 'Technocrat' In Charge
(DBN)

Fannie, Freddie regulator urges US to get out of mortgage game --- DeMarco pushes for five-year wind down of GSEs
(DBN)

DeMarco: Private sector mortgage finance revival feels ‘impossible to achieve’
(DBN)

CoreLogic: 10.4 million mortgages still in negative equity
(DBN)

Mortgage interest deduction stays afloat with uncertain future
(DBN)

Nine State AGs Call For DeMarco's Removal From FHFA
(DBN)

Bankruptcy court to hear Lichtin's repayment plan
(DBN)

Affordable Housing Plans Aim At Mortgage Interest Deduction Changes
(DBN)

Jedd to seek confirmation on April 11
(DBN)

____________

Pharma:

Palo Alto pharma company lays off 230, considers bankruptcy
(DBN)

Affymax reviews options including bankruptcy after recall
(DBN)

______________

Food/Beverage:

Judge approves sales of Twinkies, Wonder Bread
(DBN)

Vodka maker CEDC scraps bond offer, extends bankruptcy deadline
(DBN)

______________

Student Debt:

How student loan servicers have a hold on your soul
(DBN)

______________

Agriculture:

Stamp Farms bankruptcy cited in New York Times cautionary tale of surging farmland prices
(DBN)

_____________

Municipalities:

Michigan cities should take heed of Detroit's emergency manager process
(DBN)

Jesse Jackson wants protests of Detroit manager
(DBN)

Detroit's emergency manager is upbeat about city's potential
(DBN)

Bankrupt San Bernardino approves over $1 million in pay hikes
(DBN)

San Bernardino's community development director announces resignation
(DBN)

Handy Hardware says it doesn't owe Lauderdale County $3.5 million for closed warehouse
(DBN)

______________

Debt Collection:

Dept. of Education Slashes Commissions for Private Debt Collection --- Obama Cuts Student- Debt Collector Commissions to Aid Borrowers
(DBN)

______________

Aviation:

American Airlines defends $20-million severance pay to CEO
(DBN)

American Airlines responds again to U.S. Trustee’s criticism of compensation plans
(DBN)

US Airways, AA execs defend merger plans on Capitol Hill
(DBN)

CEOs: American Airlines-US Airways will bring nothing but good things
(DBN)

American Antitrust Institute: Merger will increase concentration, make it harder for low-cost carriers and regional airlines to compete --- Consumer Union: Look closely at this American Airlines-US Airways merger --- AA, US Airways unions offer joint statement in favor of merger
(DBN)

JetBlue Says AMR Should Cut Washington Flights After Deal
(DBN)

You Can't Take That On The Plane
(DBN)

______________

Banking:

JPMorgan Chase Is Reining In Payday Lenders
(DBN)

US regulator downgrades JPMorgan management rating
(DBN)

What Have We Learned? 3 Lessons from the London Whale Trading Debacle
(DBN)

The lesson of the JPMorgan's disastrous London Whale trade: Nothing was learned
(DBN)

Freddie Mac Sues Multiple Banks Over Libor Manipulation
(DBN)

Deutsche Bank Cuts 2012 Profit and Sets Aside More Cash for Legal Woes
(DBN)

______________

Corporate Governance:

Preventative Medicine for Director and Officer Liability
(DBN)

______________

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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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)

______________

Plan Confirmation:

Fifth Circuit Issues Two Decisions Easing Path for Chapter 11 Debtors
(DBN)

______________

Excusable Neglect:

(In)excusable Neglect: In These Courts, You’ll Need Something Stronger than “The Dog Ate My Homework”
(DBN)

______________

Personal Bankruptcy:

EOUST Releases Final Rules for Bankruptcy Counseling and Debtor Education
(DBN)

______________

Recent Pleadings:

Rothstein Trustee Denounces "Inflammatory Rhetoric", "Attacks" - Let My People Vote!
(DBN)

______________

Corporate Reform:

Banking Committee Approves Cordray And White Nominations
(DBN)

Lesson Learned After Financial Crisis: Nothing Much Has Changed
(DBN)

SEC Digs Into Fees
(DBN)

______________

Fraud:

West End Financial Founder Gets 3 1/2 Years in Prison
(DBN)

Lawyer takes plea in $279M no-fault auto insurance fraud case
(DBN)

Former LA radio host gets 10 years prison in TARP fraud
(DBN)

Loan Broker Admits to $100 Million Small-Business Fraud
(DBN)

______________

Electricity:

Yellowstone Valley Electric Co-op members get annual update
(DBN)

Electricity is a Good Subject to Section 503(b)(9)Priority Status: A Shocking Development?
(DBN)

______________

Private Equity:

Creditors of defunct TPG funds defend forced bankruptcy
(DBN)

______________

Mass Torts:

NYC asbestos litigation gets new special master
(DBN)

______________

Brokers:

JPMorgan agrees to $546 million settlement in MF Global dispute
(DBN)

______________

Bonds:

Judge suggests April trial date for Chesapeake bond fight
(DBN)

______________

Bankruptcy Crimes

Nebraska man pleads guilty to bankruptcy fraud
(DBN)

______________

UK:

UK Budget: More Austerity not Less
(DBN)

______________

EU:

Cyprus ruling party to abstain from vote: reports --- Cyprus lawmakers reject bailout plan that would make savers pay --- 36-0 --- Europe Weighs Cyprus's Fate After Lawmakers Reject Deal --- 2 possibilities for what happens next --- Russia May Want A Cyprus Naval Port In Exchange For A Bailout --- --- The Worst-Case Scenario For CyprusBailout in disarray --- Cyprus Bank-Levy Passage in Doubt as EU Shows Flexibility --- Will Cyprus's woes infect the rest of Europe? --- Cyprus 'on brink of bankruptcy ' --- Tickets From Moscow To Cyprus Sold Out --- Why Russia is unhappy about the Cyprus bailout tax David Zervos: Cyprus May Turn Into A STD Situation --- Cyprus finance minister offers his resignation, but it might not be accepted --- Former Cyprus Central Banker Goes Off On The EU And Says The European Project Is Dying --- Banks, Governments and Cyprus --- Cypriot banks on brink in Icelandic flashback --- Cyprus’s bad haircut day --- Cyprus Isn't Even Such a Big Offshore Bank Haven
(DBN)

How Russia Could Become the Savior of Europe
(DBN)

Why Europe Bungled Another Rescue
(DBN)

______________

PIIGS:

Renta joins casualties of Spain's property crash --- Spanish Banks Cut Developers as Zombies Dying
(DBN)

______________

Australia:

Probe into Groves deals
(DBN)

Litigation group threat to pursue Cameron
(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