March 4, 2013

The Daily Bankruptcy News

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Law:

Patton Boggs lets go 65 attorneys and staff; 23 in Washington --- No partners get pink slips --- Layoff Watch: Patton Boggs Blows Folks Out the Door --- As profits fall, Patton Boggs lays off 65
(DBN)

Bonus Watch: Sharing the Wealth at O’Melveny & Myers
(DBN)

Ex-Jenkens & Gilchrist Lawyer Gets 8 Years in Tax Case --- Ordered to pay $190M
(DBN)

Norton Rose issues warning shot to underperforming partners
(DBN)

SJ Berwin launches capital consultation with partners
(DBN)

Law firm billing contract lawyers at $1K hourly must reveal what they were paid, federal judge says
(DBN)

Hogan Lovells sees global revenues dip as PEP falls 6% --- Blames foreign exchange for revenue and profits dip
(DBN)

Coudert bankruptcy administrator shines light on unclaimed funds
(DBN)

Milbank, Fried Frank, Morgan Lewis, Venable: Business of Law
(DBN)

Women Partner Watch 2013: Gaining Ground
(DBN)

She’s Trading Her MG for a White Chrysler LeBaron
(DBN)

Court rules AIG settlement belongs to Dreier law firm estate
(DBN)

Law firms wage war of ad-search words in court
(DBN)

Clash of the Biglaw Titans: Ted Olson and David Boies Meet in Second Circuit Showdown
(DBN)

Ten Things Your Law Firm Boss Wants You To Know, But Isn’t Going to Tell You
(DBN)

JD: Trust me, I'm a doctor
(DBN)

Former Client Sues Two Lawyers, K&L Gates Over Deal
(DBN)

In Houston, Reed Smith Nabs 12 Partners From Texas Firms
(DBN)

Using Michigan Law’s ‘Debt Wizard’ Should Be Part Of The LSAT Games Section --- One Law School Reveals The Scary Reality Of Paying Back Massive Debt
(DBN)

The Georgetown University Law Center for Bagels and Lox?
(DBN)

Conflicts of Interest Are Just Classier With English Accents
(DBN)

Cory Booker: The Perfect Wingman for This Seyfarth Shaw Associate
(DBN)

Life Inside the Aaron Swartz Investigation
(DBN)

Anheuser-Busch faces bad buzz from "watered beer" lawsuits
(DBN)

Birthday Boy, 44, Battered Father With Cookie Cake
(DBN)

Would-be carjacker crawled away after lawyer knocked him down and kicked him, police report says
(DBN)

Jury Goofs Blamed as Judge Tosses $1B Award in Apple-Samsung Fight
(DBN)

Ex-Con Accused of Sneaking Into NYC Jails
(DBN)

New indictment accuses jailed lawyer of defrauding utility of millions
(DBN)

Feds Say Man Deserved Arrest Because Jacket Said 'Occupy Everything'
(DBN)

Woman Says Boss Slapped Her in the Face With . . .s
(DBN)

Don't hate me because I'm beautiful
(DBN)

9 out of every 10 successful robberies require a gender-appropriate Halloween mask :)
(DBN)

Neighbor from hell, 78, ripped out homeowner's flowers in fight over a squirrel she thought was trained to enter her garden
(DBN)

Attorney and father-of-two leaps to his death off traffic bridge on day he's due to begin 3.5 year jail sentence for bribing a judge
(DBN)

Police Dog Accidentally Fires Gun During Search
(DBN)

Manhattan Escort Breaks Her Back After Jumping From A Sixth Floor Apartment To Escape Alleged Kidnappers
(DBN)

Man calls 911 nine times for cheeseburger
(DBN)

Say What?!
(DBN)

______________

Judges:

Sandra Day O'Connor: Retired but hardly at rest
(DBN)

Rebuked by Sotomayor, Texas Prosecutor Defends Reasoning Behind 'Poorly Posed' Question
(DBN)

Welcome to Food Court
(DBN)

Lawyer convicted in judge bribery case dies in apparent suicide as another is found guilty
(DBN)

Woman Who Flipped Off A Judge Now Receives Applause From The Bench (And An Apology From Me)
(DBN)

Cases Halted As Five Lawyers Become Trapped In Upstairs Room At Court
(DBN)

2 cats roam courthouse dome, tasked with scaring pigeons away
(DBN)

Birmingham attorney appointed to Supreme Court of Palau, an island nation in Pacific Ocean
(DBN)

______________

Wall Street:

US stock futures on track for lower start
(DBN)

U.S. Stocks Gain for Week as Data Offset Budget, Italy
(DBN)

Odds are High Stocks Will Fall 40% by Fall
(DBN)

Zimmerman: Market is Going to Tank
(DBN)

Look Out, Wall Street: The Goldman Sachs Partners Ball Is Back
(DBN)

Phil Falcone Maintains ‘Absolute Lawfulness’ Of Lending Himself A Hundred Mill From Investor Fund
(DBN)

Buffett underperformed the S&P last year
(DBN)

Wall Street's Other Side: Red Bull, Cold Calls
(DBN)

______________

Layoffs:

Washington morass fails to stop jobs improvement
(DBN)

Mayor Bloomberg Agrees With Marissa Mayer, Says Telecommuting Is Dumb
(DBN)

The 13 Best Resignation Letters Of All Time
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Labor:

How Marissa Mayer Figured Out Work-At-Home Yahoos Were Slacking Off
(DBN)

How To Say ‘No’ To Your Boss
(DBN)

The Best-Paying Jobs For Women In 2013
(DBN)

______________

Lehman:

Jamie Dimon Claims He Tried To Save Lehman Brothers In 2008
(DBN)

Seven Post-Lehman Lessons
(DBN)

______________

Retailing:

A Depressing Visit to JC Penny
(DBN)

______________

Metals:

Ormet struggled to find buyers, filings show
(DBN)

______________

Oil/Gas:

Creditor accuses former Delta Petroleum chief Parker of taking data
(DBN)

______________

Celebs:

Faded jeans magnate loses bid to escape involuntary bankruptcy
(DBN)

______________

Hollywood:

Rhythm & Hues Bankruptcy Status Update Shows No Decision on Warner Bros. Films
(DBN)

______________

Mass Torts:

BP Wins Bid for Access to Transocean Oil-Spill Insurance
(DBN)

______________

Municipalities:

Opinions Mixed As State Takeover Looms In Detroit
(DBN)

Detroit Needs State Manager to End Crisis, Governor Says
(DBN)

State takeover begins as Gov. Rick Snyder taps Detroit city manager --- Detroit is largest US city targeted for state takeover --- Gets Emergency Manager after $14B in Liabilities
(DBN)

Phil Power: Bankruptcy Is The Only Way to Fix Detroit's Finances --- Detroit's leaders have forgotten what really matters --- Oakland County's L. Brooks Patterson on Detroit's finances --- A Detroit emergency manager : 6 keys to making it work --- Bing And Council Still Search For 'A Way To Fix This' Without Emergency Manager --- Detroit needs a professional city manager
(DBN)

Detroit: Motoring towards disaster
(DBN)

Madrid-Waddington considers another staff cut to slow down insolvency
(DBN)

Hamden pension fund would be bankrupt in 5 years
(DBN)

Broke Cities
(DBN)

The 10 Most Miserable States In America
(DBN)

MuniBK News Roundup
(DBN)

______________

Mining:

Bankruptcy filing won't stop operations at Hollister
(DBN)

______________

Pensions:

PBGC To Bridge Gap In Revstone Unit's Pension Plan
(DBN)

______________

Basketball:

Investors Plan to Buy Share of Kings in Bankruptcy Court
(DBN)

______________

Student Debt:

Now You Can Short The Student Loan Bubble
(DBN)

The Student Debt Business: A Way Forward
(DBN)

______________

Entertainment:

Did the Internet kill "Girls Gone Wild"?
(DBN)

'Girls Gone Wild' company to bare all in bankruptcy
(DBN)

St. Louis Woman is Second Biggest Creditor in Girls Gone Wild
(DBN)

______________

Consultants:

Carl Marks Advises Monitor Group On Sale To Deloitte
(DBN)

______________

Corporate Governance:

Warren Buffett's Message to Whiny CEOs
(DBN)

______________

Economy:

Personal Income Falls 3.6% Due To BIG Drop In Disposable Income --- US Incomes Drop the Most in Twenty Years
(DBN)

U.S. January Personal Income and Spending
(DBN)

U.S. Consumer Spending Flat in February
(DBN)

Debt trumps savings
(DBN)

CBO: Federal Revenue to Set Record in 2013
(DBN)

US Factories See Best Growth Since June 2011 --- Factory Work Returning, Industry Changed
(DBN)

Boehner: Don't Know How Sequester Gets Resolved ---
Boehner: No Government Shutdown ---
Obama renews offer to cut social safety nets ---
GOP Clings to One Thing It Agrees On: Spending Cuts ---
Americans' Reaction to Sequester May Change Politics ---
Sequestration: Most Pathetic Part About It ---
Sequester Fallout: Americans Raise Hell ---
Sequester Cuts Won't Hit Pentagon til Summer
---
NYC to be hit hard by sequester: economist ---
Don't listen to those silly "the sequester isn't that bad" arguments ---
From coast to coast, states brace for sequester shock ---
Sequester storm gathers over D.C. economy ---
Sequestration by the Numbers: $234 Million in Budget Cuts
(DBN)

What's It Take to Get a US Downgrade Around Here?
(DBN)

Quantitative Easing Questions Answered
(DBN)

Dollar gains, US shares rebound on ISM data
(DBN)

Paul Krugman: Who should we listen to?
(DBN)

The Two Speed Global Economy, Led by China
(DBN)

Report: Tax bills for rich families approach 30-year high --- States with the highest and lowest tax burdens
(DBN)

CEOs More Optimistic About Global Than U.S. Economy
(DBN)

The Most Beautiful Correlation In The World Continues To Work Perfectly
(DBN)

Millennials Will Give Up Cars Over Cell Phones
(DBN)

The Gay-Straight Economic Gap
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Q4 2012 GDP Details: Commercial Real Estate investment very low, Single Family investment increases
(DBN)

Why the Independent Foreclosure Reviews Were Doomed to Fail
(DBN)

SCRA and Foreclosures
(DBN)

Ally Says $750 Million Contribution to ResCap Could Be Increased
(DBN)

Consumer Financial Protection Bureau Investigating Ally's Retail Financing Practices
(DBN)

Credit Suisse settles mortgage case with bond insurer Ambac
(DBN)

RBS, Deutsche Bank Lose Appeal in Mortgage-Bond Lawsuit
(DBN)

Second Circuit Rules in Favor of Investors in Multibillion Dollar NovaStar MBS Class Action
(DBN)

Judge revives multibillion-dollar MBS dispute against bond issuers
(DBN)

Assignment Of Rents: Can You Spend Rents And Still Provide Adequate Protection To The Mortgagee?
(DBN)

Ultimate Nightmare: Man Missing After Sinkhole Opens Up Under His Bedroom --- Sinkholes more common, costly than homeowners realize
(DBN)

Justice Department Investigating Ocwen's Homeward Residential Business
(DBN)

Baltimore: Bankruptcy suit reveals details about Turner's tries to develop Westport waterfront
(DBN)

Warren Puts Down DC Roots
(DBN)

____________

Corporate Reform:

SEC steps up probe of Chesapeake, CEO McClendon
(DBN)

CFTC to begin “shelving” enforcement cases amid budgetary restrictions
(DBN)

Follow-On Shareholder Suits After CFPB Settlements
(DBN)

______________

Marketing:

Long slide lands YTB in bankruptcy court
(DBN)

______________

Photography:

Kodak amends some terms of financing deal --- Lands more flexible financing as it eyes bankruptcy exit
(DBN)

Kodak may replace board
(DBN)

______________

Health Care:

HealthBridge, Federal Government, Union Argue in Bankruptcy Court
(DBN)

U.S. Health Care Is Even More Broken Than We Thought
(DBN)

Sequestration Set to Kick in, Cut Medicare by Billions --- 7 Healthcare Leaders Share Thoughts on Sequestration
(DBN)

New Jersey firm bids $33 million to buy Universal Health Care
(DBN)

Pauls Valley Hospital Authority files for bankruptcy
(DBN)

Pratt hospice to have bankruptcy plan soon
(DBN)

Judge OKs SD Hospice Payroll
(DBN)

Jury awards $5.75 million to creditors of former elder care home
(DBN)

Brooklyn Residents Rally To Save Interfaith Medical Center --- Hospital on life support: Brooklyn residents urge the state to save Interfaith Medical Center
(DBN)

11 Recent Hospital and Health System Layoffs
(DBN)

Nursing Home: We Take A Hands Off Approach To That Whole 'Saving Their Life' Thing
(DBN)

______________

Food/Beverage:

Ad Firm Asks Summer Internship Applicants to Bring Back the Twinkie
(DBN)

Turkey processing plant bankrupt
(DBN)

_____________

Student Debt:

Student debt tripled in eight years
(DBN)

Student Loan Bubble Data
(DBN)

Student-Loan Securities Stay Hot
(DBN)

35% Student Loan Delinquency Rates
(DBN)

The Myth of the Successful College Dropout: Why It Could Make Millions of Young Americans Poorer
(DBN)

______________

Compensation:

Swiss vote to curb executive pay --- Some Of The Toughest Executive Pay Rules On The Planet --- Swiss Prison Sentences for Golden Parachutes
(DBN)

EU moves to limit banker bonuses as part of an effort to eliminate corporate excess
(DBN)

Use of SOX Clawback for Executives Who Did Not Engage in Misconduct
(DBN)

______________

Predatory Lending:

Bleeding the Borrower Dry
(DBN)

______________

Celebs:

Casey Anthony out of hiding Monday, faces questioning in bankruptcy --- Casey Anthony: 5 things to know in the bankruptcy case
(DBN)

Jacqueline Laurita slapped with tax lien: ‘RHONJ’ owes nearly $340K
(DBN)

Michael Jordan's Alleged Ex-Lover Had Past Financial Issues
(DBN)

Survey: Most Premier League Stars Go Broke
(DBN)

_____________

Alternative Energy:

Biodiesel producer using canola seed goes bankrupt
(DBN)

______________

Electricity:

More information needed on Southern plan
(DBN)

City raps trustee for secrecy move
(DBN)

______________

Distressed Investing:

Buffett sees opportunity in uncertainty
(DBN)

______________

Politics:

Warren critics, take note
(DBN)

Ten Questions For Elizabeth Warren
(DBN)

______________

Aviation:

Some more Qs and As about the US Airways-American Airlines merger
(DBN)

US Airways CEO Talks About New Airline's Leaders
(DBN)

Professor: US Airways-American Airlines merger won’t fix those companies’ organizational problems
(DBN)

Republic Airways Is Coming Back to Life
(DBN)

Don't let frequent flier miles die with you
(DBN)

______________

Banking:

Nearly 30 percent of Georgia banks fail stress test
(DBN)

Unofficial Problem Bank list declines to 808 Institutions
(DBN)

Number of Banks on FDIC Problem Bank List Remains Historically High
(DBN)

RBS CEO: A Lot Of Legit Companies Lose $9 Billion A Year
(DBN)

______________

Apparel:

Bankrupt clothier Ellen Tracy nets $20 mln for creditors
(DBN)

Faded jeans magnate loses bid to escape involuntary bankruptcy
(DBN)

Demons In Garments?
(DBN)

______________

Tax:

Ernst & Young to pay $123 mln to resolve US tax shelter probe
(DBN)

______________

Shipping:

Shipping Companies Find a Safe Harbor in U.S. Bankruptcy Courts
(DBN)

______________

Defaults:

Moody’s: Global corporate default rate rises in 2012 against global uncertainties
(DBN)

______________

Consumer Finance:

Mortgage debt dominates consumer balance sheets
(DBN)

______________

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 (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Hawaii bankruptcies down in February for 24th straight month
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Week Ahead in Bankruptcy : MF Global, "old" GM, Jefferson County
(DBN)

______________

DIP Finance:

Kodak, Lenders Finalize Terms of Interim, Exit Financing
(DBN)

Bankruptcy Court Rejects Payment Of Make-Whole In Connection With The Prepayment Of Aircraft Finance Transactions
(DBN)

______________

Turnover:

What’s Mine is Mine and What’s Yours is Mine: Court Rules a Debtor Can Be Compelled to Turn over Property No Longer in His Possession
(DBN)

______________

Bankruptcy Alternatives:

The ABCs of an ABC
(DBN)

______________

Fraud:

February 2013 Ponzi Scheme Roundup
(DBN)

National Lampoon Sues Ex-CEO Tim Durham for Allegedly Embezzling 'Vacation' Money
(DBN)

Bernie Madoff: Lucky devil doesn't have to worry about funding retirement
(DBN)

FBI agent looks back on Enron
(DBN)

Nevin Shapiro: Scandal in college football: Mr Pot, meet Mr Kettle
(DBN)

Hedge Funder Claims His Beauty Queen Ex-Girlfriend Spent Over $58,000 On His Credit Card After They Broke Up
(DBN)

______________

TBTF:

In AIG suit, NY Fed reveals details of crisis-era BofA settlement
(DBN)

AIG Is Even More Not Owned By The Government
(DBN)

______________

Insurance:

CoCo evolution poses "Catastrophic" issues
(DBN)

______________

Hockey:

Chicago Hockey Brawl Spills Into Bankruptcy Court
(DBN)

______________

Religion:

Del. diocese looks to raise funds after bankruptcy
(DBN)

Cardinal Keith O'Brien admits and apologizes for misconduct
(DBN)

______________

Autos:

US auto sales growth slows in February
(DBN)

Court Approves American Suzuki Motor Corporation's Chapter 11 Plan
(DBN)

February Car Sales by Manufacturer
(DBN)

Chrysler Has Best February in 5 Years --- Chrysler's Future According to Marchionne
(DBN)

Chrysler Moves to Silence Workers
(DBN)

Bob Lutz: Whitacre Saved GM and Other Fables
(DBN)

______________

Gambling:

Trustee wants to auction off casino and all its contents
(DBN)

______________

Construction:

US Construction Spending Down 2.1%
(DBN)

How Liberty Mutual Prepared for Ballenger's Bankruptcy
(DBN)

Contractor to finish I-69 Ballenger projects
(DBN)

_____________

Education:

In 15 Years From Now Half of US Universities May Be in Bankruptcy
(DBN)

Grad Students Let Concordia-Chicago Have it
(DBN)

The 10 Colleges Most Likely to Make You a Billionaire
(DBN)

______________

Personal Finance:

7 Signs You're Not Ready to Retire
(DBN)

5 Ways to Avoid Medical Debt
(DBN)

______________

Hollywood:

Even as visual effects proliferate, the industry finds itself in crisis
(DBN)

______________

Sovereigns:

President Kirchner Says Argentina Willing to Pay Holdout Creditors --- Says will only pay holdouts on same terms
(DBN)

Argentina given hope in debt battle --- Given month to make debt offer
(DBN)

Argentine bonds fall after US court ruling
(DBN)

US Court asks Argentina for payment plan --- Eyeing Argentine swap offer in debt case
(DBN)

Court warns Argentina
(DBN)

Why Argentina will default in 2013
(DBN)

Sovereign Bankruptcy, Day One: Market Rallies
(DBN)

Pari passu realpolitik (big news, and a goodbye)
(DBN)

How the Developing World Escaped This Debt Trap
(DBN)

______________

UK:

Britain heads for new recession
(DBN)

'Significant' drop in business insolvencies --- 'Zombie' fears as insolvencies rate falls to lowest for five years
(DBN)

Ireland's ' bankruptcy tourists' face tougher treatment in English courts
(DBN)

Sean McCann bankruptcy overturned by NI court
(DBN)

Interview with DWF's Leaitherland reveals details of Cobbetts acquisition
(DBN)

DWF to lock Cobbetts partners in for two years
(DBN)

Staff at Cobbetts' rescued debt recovery arm face redundancy
(DBN)

Coventry City chief warns club could be heading for insolvency
(DBN)

Hibu Gets Default Rating After Missing Interest Payment on Loans
(DBN)

Bankrupt dot com millionaire sentenced to four years in prison after she pleaded guilty to peddling painkillers and gun trafficking
(DBN)

How London Became The Divorce Capital Of The World --- Battle for tycoon's assets threatens UK's title as divorce capital of the world
(DBN)

Blockbuster receives bids to keep it going
(DBN)

Rangers keep five Scottish league titles after investigation
(DBN)

______________

EU:

Euro zone sentiment falls in March after Italy election deadlock
(DBN)

Euro area finance ministers to meet on Monday amid economic gloom
(DBN)

______________

PIIGS:

ACCA calls for insolvency practitioners to be regulated --- ie: 'Unknown' bankrupt developer racked up €250m debt
(DBN)

Hundreds of thousands march against austerity in Portugal
(DBN)

Italy Jobless Rate Jumps to Record High of 11.7 Percent in January --- Anger Builds In Italy As Old Guard Plots Fresh Technocrat Take-over --- Beppe Grillo Wants Italians To Vote On Leaving The Euro --- Morgan Stanley Says There's A 30% Chance Of A Crisis And New Elections In Italy
(DBN)

Rumblings Of A Coup D'État In Spain
(DBN)

Bailout auditors return to Greece --- Tax officials probe large bank loans to beat evasion
(DBN)

______________

France:

France seeks alternative to 75% tax... Proposed new rate 65%-66% also comes under fire
(DBN)

France: No More Austerity This Year
(DBN)

______________

Austria:

FCC's Alpine Clears Way for Debt Cut, Removing Insolvency Threat
(DBN)

______________

Japan:

January construction spending drops unexpectedly
(DBN)

______________

MENA:

Dubai Group settles with creditors
(DBN)

______________

Australia:

Secured creditors scheme to get Channel Nine deal approved
(DBN)

______________

China:

60 Minutes: China's Ghost Cities
(DBN)

Markets Are Falling After The Shanghai Property Stocks Massacre
(DBN)

______________

 

 

 

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