March 26, 2013

The Daily Bankruptcy News

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Law:

Two Firms Settle Unfinished Business Claims With Howrey
(DBN)

Layoff Watch: ‘Voluntary’ Departures at Latham
(DBN)

Simpson Thacher, Perkins Coie, Ogletree: Business of Law
(DBN)

Suit Offers a Peek at the Practice of Inflating a Bankruptcy Legal Bill --- ‘Churn that bill, baby!’ email surfaces in fee dispute with DLA Piper --- DLA Piper Emails Reveal Firm Overbilled, Former Client Says
(DBN)

Ex-associate sues 2 law firms, says negative info they shared put him in a lower-paying job
(DBN)

Howrey Partners Are Assailed on the Law Firm's Demise
(DBN)

Weil London revenue leaps 22% as global turnover stays static
(DBN)

State Comes Up With Quasi-Indentured Servant Plan For 16 Law Students
(DBN)

Wonder Women: New BigTex Partners on How They Chose Their Firms
(DBN)

Departure Memo From Middle Earth Burns The Bridge of Khazad-dûm
(DBN)

Ousted partner sues noted employment firm Sanford Heisler for millions
(DBN)

7 ways to fix law schools
(DBN)

Eating lunch with a summer associate isnýt a bad deal. But work with one of ýem? Thatýs a very different storyý.
(DBN)

Academy of Music bankruptcy attorney's pay cut
(DBN)

High-Tech NYPD Unit Tracks Criminals Through FACEBOOK, Instagram Photos
(DBN)

Italian High Court Overturns Acquittal Of Amanda Knox
(DBN)

Lawyerly Lairs: Million-Dollar Listings in Washington, D.C.
(DBN)

Lawyer’s suicide may void his judicial bribery case conviction
(DBN)

Ex-prosecutor accused of faking client’s divorce takes plea in obstruction case
(DBN)

After case is re-examined, man imprisoned for 23 years is released and has a heart attack
(DBN)

The Iraq War, in One Lawyer's Words
(DBN)

Attorney and law firm must pay $67K in legal fees for ‘vexatious’ suit challenging airline merger
(DBN)

Lawyer handcuffed, but not charged, after courtroom incident
(DBN)

The Preschool From Hell
(DBN)

Man accused of brandishing antler
(DBN)

"Ice Cream Junkie" Breaks Into Church, Steals Dessert, Found Intoxicated, Covered in Ice Cream
(DBN)

Feds Bust Up Laughing Gas Ring
(DBN)

Say What?!
(DBN)

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Judges:

Justice Scalia Bemoans The Existence Of 'Law And Feminism' Classes
(DBN)

Scalia Says Marriage Views Not Affected by Lifelong Fear of Gays
(DBN)

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Wall Street:

Stock index futures signal higher Wall St open
(DBN)

Stocks Fall Globally as Cyprus Deal Dissected
(DBN)

Stocks, Euro Slump as Enthusiasm for Cyprus Bailout Fades
(DBN)

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Layoffs:

The Credit-History Pariah Class
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Brokers:

Peregrine trustee bills $3.7 mln for unwinding failed broker
(DBN)

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Retailing:

JC Penny faces risk of bankruptcy , BMO warns in downgrade
(DBN)

Store Charges Customers $5 'Just Looking' Fee
(DBN)

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Startups:

VC: 'Pretty Much Every Seed Stage Startup You Haven't Heard About Recently Is Shutting Down'
(DBN)

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Hotels:

3 Roberts hotels sold at bankruptcy auction
(DBN)

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Telecoms:

Otelco Files Bankruptcy; Owes GE Capital Led Group $162MM
(DBN)

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Banking:

JPMorgan Claws Back $100 Million; Dimon Backed as Chairman
(DBN)

Basel cracks down on capital-protection ploy at banks
(DBN)

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Finance:

Congress weighs corporate debt tax reform - eliminating deduction for business interest payments
(DBN)

Kodak Closes $848 Million Financing Deal
(DBN)

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Tax:

Swiss government denies deal in principle over offshore accounts
(DBN)

Tax-Shelter Penalty Gets Top Court Review in McCombs Case
(DBN)

Puerto Rico Creates Tax Shelters in Appeal to the Rich
(DBN)

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Aviation:

We’re still waiting on that health coverage decision for American Airlines retirees
(DBN)

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Coal:

West Virginia House calls on Patriot Coal to fund benefits
(DBN)

Murray Objects to Patriot Bankruptcy
(DBN)

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Celebs:

Dionne Warwick Files for Bankruptcy
(DBN)

Tom Martino did nothing wrong, bank says in dismissing case
(DBN)

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Economy:

Bernanke: QE is an 'enhance-thy-neighbor' policy
(DBN)

Continued QE3 may lead to another housing bubble: BofAML
(DBN)

New York Fed president optimistic on Europe
(DBN)

Debt Flagged by Fed Bought by Funds Copying 2007
(DBN)

Boomers Slightly More Financially Secure
(DBN)

Holly Petraeus: Cuts may hurt troops' finances
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bailout Funds Would Shrink If Profit Jumps at Fannie Mae
(DBN)

LPS: Home prices rise, but still down 21.4% from peak levels
(DBN)

Squatters take advantage of housing crisis
(DBN)

US malls empty CMBS investorsý wallets
(DBN)

Nationstar in Settlement Talks in Suit Over Loan Auctions
(DBN)

Bankrupt gold dealer Yaffe's Avila mega-mansion now half price
(DBN)

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Fraud:

Rengan Rajaratnam Pleads Not Guilty to Insider Charges
(DBN)

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Retailing:

Dollar General sees advantage to payroll tax
(DBN)

Laura Ashley seeks 10% supplier discount
(DBN)

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Municipalities:

Detroit's emergency manager extends 'olive branch'
(DBN)

Governor's office counters emergency manager protests with videos of Detroiters in favor of takeover
(DBN)

Business leaders give Detroit $8M for new ambulances, police cars
(DBN)

Detroit emergency manager protestors: 'This is not a black issue'
(DBN)

Trial under way in California city bankruptcy case --- Stockton Creditors Dispute City's Insolvency at Trial
(DBN)

City could raise taxes, Deis testifies in bankruptcy trial
(DBN)

A Showdown in Stockton Pits Pensioners Against Bondholders --- Pension Funds Wary as Bankrupt City Goes to Trial --- Stockton's creditors argue that city should cut pension obligations --- Stockton Creditors Dispute City's Insolvency at Start of Trial --- Deis: creditors' turn for pain --- Stockton bankruptcy trial has big stakes --- Stockton's plea: Services cut cut to the bone --- Creditors blast Stockton in court --- Crux of Stockton trial is pensions
(DBN)

Calif. Cities Watch Closely as Stockton Bankruptcy Trial Begins
(DBN)

CA county administrator to earn $423,664 a year -- for the rest of her life
(DBN)

Flint Council Expected To Ask Governor Snyder To Remove EM
(DBN)

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Fraud:

New York Seeks Approval to Finish Merkin Settlement
(DBN)

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Brands:

The 10 Famous Brands Most Likely To Disappear This Year
(DBN)

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Magazines:

Bankruptcy judge OKs $105M loan to Reader's Digest
(DBN)

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Corporate Reform:

CFPB moves from rulemaking to enforcement, outreach efforts
(DBN)

CFPB seeking information on cost of regulation compliance
(DBN)

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Health Care:

8 Recent Hospital and Health System Layoffs
(DBN)

Spring Branch Medical Center to be fully operational by year-end, owner says
(DBN)

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Hollywood:

Why Rhythm & Hues? And How Do We Keep It from Happening Again?
(DBN)

Why Other People’s Money is The Best Hollywood Film About Business
(DBN)

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Shipping:

Glut of ships and slack demand distress shipping companies
(DBN)

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Autos:

Protections When Supplying to a Troubled Customer
(DBN)

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Debt Collection:

Changes in household debt patterns impact the collections industry
(DBN)

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Mass Torts:

Stamford Company Hit With Huge Asbestos Verdict Over Worker Who Died of Mesothelioma
(DBN)

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Gambling:

NJ Revel casino files for bankruptcy --- Creditors to become partial owners
(DBN)

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Food/Beverage:

A1 pushes CEDC reorganization plan, despite company's opposition
(DBN)

CEO on how Fatburger went from bankruptcy to growth spurt
(DBN)

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Movie Theaters:

Tower Theatres, Tucson's sole independent cineplex, will close
(DBN)

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Hedge Funds:

Falcone borrows big against his properties
(DBN)

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Oil/Gas:

Energy Boom Rippling Through US Economy
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Personal Bankruptcy:

Social Security Income May Not Be Considered in Good Faith Analysis
(DBN)

Post-Petition Bonus Not Part of the Bankruptcy Estate
(DBN)

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SIPA:

Second Circuit Rules that SIPA Customer Protections Are for Customers Only
(DBN)

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Litigation:

Is Counsel Immune From Sanctions Based on Belief in Client?
(DBN)

iPad in One Hour for Litigators
(DBN)

______________

TBTF:

Efforts aimed at ending TBTF could contribute to problem
(DBN)

Senate unanimously approves measure to end “too big to fail” bank advantages
(DBN)

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Insurance:

TWIA board tables receivership decision
(DBN)

______________

Pensions:

Mining company bankruptcy the canary in coal mine for pensioners
(DBN)

Peabody Energy dumps unions in to company "created to fail," then cuts their pensions and benifits
(DBN)

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Electricity:

Public not served by secrets in SME bankruptcy
(DBN)

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Textbooks:

Cengage taps remaining credit line in possible precursor to Chapter 11
(DBN)

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UCC:

UCC Termination Statements Require Authorization To Be Effective
(DBN)

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Student Debt:

Will a million online signatures push Congress to take up student loan debt relief?
(DBN)

Student debt and delinquencies soar
(DBN)

Student loan debt is biggest concern among the college-bound
(DBN)

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Sovereigns:

A Pseudo-Bankruptcy Proceeding for Sovereigns
(DBN)

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UK:

Regulation wipes out profits for UK banks
(DBN)

Nicholas Levene: Duped clients out of £316million in Ponzi fraud must pay back just £1
(DBN)

Bentley-Leek bosses face insolvency investigation
(DBN)

Four out of five businesses unpaid in Scotland's late payment 'epidemic'
(DBN)

MPs question Homer's ability to lead HMRC
(DBN)

HMV restructuring deal on brink of being struck
(DBN)

Administrations and receiverships account for £1.62bn of UK hotel sales
(DBN)

Howard Kennedy wins role as Blockbuster UK finds buyer
(DBN)

______________

EU:

Cypriot Rescue Deal 'Better Than Bankruptcy,' Barnier Says --- Cyprus bailout deal reached, as long-term impact remains uncertain --- Stricter Rules but Signs of Disarray in Cyprus Deal --- Cypriots Are Wary of Bailout Deal --- Cyprus deal puts burden where it belongs --- Cyprus signals tough new line on bailouts --- Saving Cyprus From Ruin Means Nobody Is Safe --- Cypriots Mourn Loss of Livelihoods as Bailout Crushes Banks --- Cyprus bailout relief turns sour on banks concern --- The Cyprus Fiasco Is A Metaphor For The Entire Global Financial System --- Most Cypriot banks to reopen Tuesday --- Cyprus capital controls will be 'very temporary,' president says --- Analysts: Cyprus bailout will cripple euro zone --- Money fled Cyprus as president fumbled bailout --- Cyprus Tries the 'Good Bank, Bad Bank' Strategy --- Putin orders Russian govt to restructure Cyprus bailout loan --- Cyprus Bailout May Spare Russia's Oligarchs, but Hurt Russian Companies --- Quest: Cyprus bailout is nothing more than usual euro nonsense
(DBN)

S&P says European corp debt impacted by defaults up 300%
(DBN)

Nomura: Europe Needs To Do 3 Things To Fix The Crisis, And Right Now It's Doing None Of Them
(DBN)

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PIIGS:

Spain Brings the Pain to Bank Investors
(DBN)

______________

Australia:

Call to bring down phoenix advisers
(DBN)

______________

Serbia:

Serbia to shut down RVB bank, transfer assets, loans - official
(DBN)

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Japan:

Forget Cyprus, Japan is the Real Problem
(DBN)

______________

Korea:

S.Korea to expand support for consumer debt restructuring
(DBN)

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Copyright 2013