May 10, 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:

Jones Day opens in Miami as part of Latin America practice expansion, Names Bankruptcy Lawyer Pedro Jimenez as Partner-In-Charge
(DBN)

How Did Biglaw Fare in the First Quarter of 2013?
(DBN)

Demand May Be Down, But Not For Long, Surveys Say
(DBN)

UK: Law firms lose lustre as students mull alternative career options
(DBN)

London partnership prospects sink as promotions at UK top 30 drop by 17%
(DBN)

Citi, Ex-Dewey Partner End Capital Loan Dispute
(DBN)

Quinn Emanuel, Jones Day, Jackson Lewis: Business of Law
(DBN)

Cahill steps down in Rutgers probe due to local counsel conflict, is replaced by Skadden
(DBN)

Wiley Rein co-founder says he’s not sure he would form firm today with fewer than 40 lawyers
(DBN)

Advice for those getting fired: ‘Stay calm, shut up and listen’
(DBN)

Is Freezing Your Eggs the Solution?
(DBN)

Desperate Lawyers Are Wasting $70,000 On An Extra Useless Degree
(DBN)

Ageism and Paralegals
(DBN)

Which law schools pay tenured profs the most and least? Survey has 68 median salaries
(DBN)

The Best Law Schools in the World
(DBN)

Pelosi, Boies and Verrilli Hit the Commencement Circuit
(DBN)

White Powder in Envelope Prompts Evacuation at Law School
(DBN)

Could This Law School Ranking Unseat US News?
(DBN)

How this duo is trying to ReInvent law school
(DBN)

Law Professors Show Themselves To Be Lazy, Incompetent, Or Both
(DBN)

Apparent Montana Law Student Shoots Himself In The Foot… Again
(DBN)

Lawyers Venture Into Twitter to Learn (and Carefully)Speak
(DBN)

Attorney Files Lawsuit Against Firm in FMLA Case
(DBN)

Cleveland Engages in Soul-Searching --- Police Report Reveals How Ohio Kidnapping Victims Escaped After 10 Years --- Police: Women left captor's home twice in decade --- 'I am a predator and I need help' --- Cleveland Hero Was A Repeat Domestic Abuser --- Charles Ramsey: Take That Reward And Give It To The Kidnap Victims --- $8M bond --- Former Relatives Of Accused Ohio Kidnapper Say He Was A 'Monster' Who Terrorized His Own Family
(DBN)

FBI Didn't Tell Boston Police About Bomber --- FBI Rejects Boston Police Stance in Spat Over Terror Data
(DBN)

Jodi Arias: I Want The Death Penalty
(DBN)

8 Charged in $45 Million New York City ATM Fraud Scheme --- No Gun, No Mask! Bank Cyberheist Nets $45M in Hours
(DBN)

Mob Uses Chairs in Vicious Beatdown of Boy in High School Library
(DBN)

Cops: Plastic surgeon 'waterboarded' girlfriend over FACEBOOK post
(DBN)

Suspect's To-Do List Included Pepsi And Coke
(DBN)

Feds: Sure, We Can Read Everyone's Email
(DBN)

The Secret World Of Prostitution At The Cannes Film Festival
(DBN)

Teen goalie is charged with homicide by assault in ref’s death
(DBN)

The New Trend For Office Workers Is A Lunchtime Trip To The Nightclub
(DBN)

Texas State Judge: Cheerleaders Can Use Bible Verses on Banners
(DBN)

Lawyer Sanctioned for Bringing Outsider Into Closed Deposition
(DBN)

Say What?!
(DBN)

______________

Judges:

Benchslap of the Day: Ninth Circuit Smacks Copyright Trolls
(DBN)

White-collar defense lawyers draw ire of federal judge
(DBN)

Does ‘milquetoast’ ethics report ignore ‘schizophrenic message’ sent by judicial license plates?
(DBN)

The Driver Was Delighted To See No One Took The Parking Spot Across From The Courthouse
(DBN)

______________

Wall Street:

U.S. Stock -Index Futures Rise as G-7 Finance Chiefs Meet
(DBN)

Stocks close lower after making records; S&P snaps 5-day rally
(DBN)

Krugman: There Is No Bubble In Bonds Or Stocks
(DBN)

______________

Layoffs:

The Global Youth Jobless Crisis: A Tragic Mess That Is Not Getting Any Better
(DBN)

States Where Teens Can't Find Work
(DBN)

How Our Incredible Shrinking Government Raises Unemployment
(DBN)

Goldman: College-Educated Americans Are More Unemployed Than You Think
(DBN)

Corporate Labor Hoarding Could Explain Falling Jobless Claims
(DBN)

Are Layoffs Nearing Pre-Recession Levels?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Fighting in the Jefferson County Commission
(DBN)

Jefferson Co. hopes to be out of bankruptcy by end of 2013 --- Jefferson County bankruptcy attorney presents timeline --- Says Debt Talks Making Progress
(DBN)

Detroit leaders brace for EM report on restructuring due to financial crisis
(DBN)

EM to offer glimpse at Detroit's 'perfect storm of financial ruin'
(DBN)

Senators propose tighter municipal debt oversight
(DBN)

Stockton Bankruptcy Portends Pension Debate
(DBN)

Three Cheers for Un-Elected Emergency Managers
(DBN)

Does Michigan's Emergency-Manager Law Disenfranchise Black Citizens?
(DBN)

Emergency manager funding uncertain in state Legislature
(DBN)

Muni defaults still rare, but alarming trend developing, Moody's says
(DBN)

Is Your State's Highest-Paid Employee A Coach? (Probably)
(DBN)

____________

Aviation:

American's $3.25 Billion in Bankruptcy Loans Win Approval
(DBN)

Teamsters bring turbulence to airline deal
(DBN)

American agrees to pay $24.9 million to settle FAA safety claims
(DBN)

____________

Economy:

Jobless claims data hints at strengthening labor market
(DBN)

Employment Not Keeping Up with Population
(DBN)

Jobless Claims, by One Measure, at Pre-Recession Level
(DBN)

Keep on, or enough already? Fed officials spar over QE3
(DBN)

Attention Boomers: US Needs You to Work Past 70
(DBN)

Student Debt a 'Roadblock' for Wider Economy
(DBN)

Unimpeded Entitlements a Boon to Seniors
(DBN)

Wholesale inventories rise 0.4% in March --- Wholesale Sales Plunge Most Since March 2009
(DBN)

Why millennials will save us all
(DBN)

More Debt Ceiling Squabbles Coming --- Debt Limit Bill Passes House, Ordering Obama To Pay Only Some U.S. Creditors On Time
(DBN)

Congress's Doomed, Misguided Attempt to Help Working Families Why doesn't the government ask parents what they need?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

ResCap Bankruptcy Probe to Clarify $25 Billion Threat to Ally
(DBN)

30-year fixed-rate mortgage rates tick up to 3.42%
(DBN)

U.S. Mortgages at Least 30 Days Late Fall to 4-Year Low
(DBN)

Millions Still Stuck in Foreclosure Crisis
(DBN)

Distressed inventory shrinks, despite rise in short sales: Morningstar
(DBN)

Fed says some were underpaid in U.S. foreclosure settlement
(DBN)

A National Economic Dogma May Have Termites
(DBN)

Mortgage Delinquency Rate Rises as Inventory Eases
(DBN)

Liquidation Rate Slows on Distressed Loans
(DBN)

Fannie Mae: From Ward of the State to Cash Cow
(DBN)

DeMarco targets two approaches for luring private capital
(DBN)

ResCap bankruptcy timing criticized
(DBN)

Fannie Mae CEO: Profits don't recapitalize Fannie Mae
(DBN)

Bank of America wins legal victory for MBS settlement
(DBN)

BofA Lands in Legal Mess Yet Again
(DBN)

Home Prices Jump but Affordability Remains in Buyers’ Favor
(DBN)

In red $7M, J&E Land Co. files for bankruptcy
(DBN)

Lower credit scores disappear from housing market: Fed governor
(DBN)

____________

Investing Banking:

ACGM Completes Successful Plan Solicitation for $220 Million Trump Ocean Club 9.5% Senior Secured Notes Due 2014
(DBN)

____________

Hotels:

The Worst Rooms For Rent In New York City
(DBN)

____________

Fraud:

Peregrine Financial Scion Interview
(DBN)

Trustee Weighs Pursuing Banks in Peregrine Financial Collapse
(DBN)

Philip Falcone Settles With SEC, Agrees to 2-Year Ban
(DBN)

Largest U.S. Hospice Company Sued for Medicare Fraud
(DBN)

U.S. seeks record prison for ex-UBS bankers over muni bid-rigging
(DBN)

Rothstein Bankruptcy Trustee Files New Reorganization Plan
(DBN)

New RRA Chapter 11 plan modifies TD Bank's bar order
(DBN)

____________

Pensions:

Pension Loans Finally Catch Regulators' Attention
(DBN)

____________

Tech:

After founder’s death, Boca tech firm TLO files for Chapter 11
(DBN)

Social Network Bebo Has Filed Voluntary Chapter 11 Bankruptcy
(DBN)

____________

Coal:

Patriot posts wider Q1 loss
(DBN)

____________

Student Debt:

Lawmaker: Nation Should Bank More on Students, Less on Banks --- What Elizabeth Warren Gets Wrong (and Right)About Student Loans
(DBN)

Widespread Student Loan Sacrifices Bolster Elizabeth Warren's Argument
(DBN)

Big Banks Looking to Catch a Break on Student Loan Debt
(DBN)

A Call to Refinance Private Student Loans
(DBN)

Student debt delays spending
(DBN)

____________

Autos:

Tesla Surges After Posting Profit; Value Exceeds Fiat's
(DBN)

Inside the Failure of Fisker Automotive
(DBN)

____________

Retailing:

J.C. Penney's numbers provide minimal clarity
(DBN)

____________

Banking:

Jamie Dimon Being Made a 'Scapegoat': Sonnenfeld
(DBN)

___________

Health Care:

After Cooper Green closes, Birmingham hospitals left holding bag
(DBN)

St. Peter's Hospital Accused of Underfunding Its Pension Plan
(DBN)

Affymax says may be unable to continue operations
(DBN)

____________

Entertainment:

Girls Gone Wild Trustee Says Francis Made Fraudulent IP Transfers
(DBN)

____________

Personal Finance:

17 Things You Should Always Buy New
(DBN)

____________

Celebs:

Young Buck Bankruptcy Trustee Files Final Report
(DBN)

Cars Celebrities Bought Their Mothers
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Cross-Border:

COMI Maybe? The Second Circuit Examines the Relevant Date for Determining a Debtor’s “Center of Main Interests”
(DBN)

____________

Sales:

What can Twinkies and Beer Teach Investors about Purchasing the Assets of an Insolvent Corporation?
(DBN)

____________

Avoidance Actions:

When a Chapter 7 Trustee’s Failure to Plead a Preference Reaches Inexplicability
(DBN)

____________

TBTF:

Fed's Plosser Says Dodd-Frank Won't Curb Too-Big-to-Fail Risks
(DBN)

Fed's Plosser cites bankruptcy mechanism as solution for big banks
(DBN)

Fed's Lacker Favors Higher Capital for Banks With Brokerages --- Living wills best solution to ending too-big-to-fail
(DBN)

No Lehman Moments as Biggest Banks Deemed Too Big to Fail
(DBN)

Too Big to Fail Bankers vs. Wal-Mart
(DBN)

____________

Insurance:

MBIA Settlements Came Quickly After Banks Lost Insurance Ruling
(DBN)

____________

Food/Beverage:

Banah May Be Saved With Plan To Reorganize Bankruptcy
(DBN)

____________

Debt Collection:

California Sues JPMorgan Chase Over Credit Card Cases
(DBN)

____________

Hollywood:

Rhythm & Hues effects house in search of a new home
(DBN)

____________

Newspapers:

Daily Voice bankruptcy reveals the broken economics of 'hyperlocal' publishing
(DBN)

____________

Hedge Funds:

If Hedge Funders Are So Smart, Why Are They So Relentlessly Wrong?
(DBN)

Why Hedge Fund Titans are Upset with Boom
(DBN)

____________

Small Business:

SBA Loans on Upswing
(DBN)

____________

Mass Torts:

High-Volume, Low-Return Model for Asbestos Cases Is Subject of Trial
(DBN)

____________

Metals:

Ormet to Sell to Only Bidder Wayzata for $221 Million
(DBN)

____________

UK:

Eurosail: (Possibly)balance-sheet insolvent issuers, rejoice --- The meaning of the "Balance Sheet Insolvency Test" is finally determined by the UK Supreme Court
(DBN)

Falcone's Harbinger Loses Appeal Over Northern Rock Stake Value
(DBN)

Enforcement of U.S. Judgments in England
(DBN)

Pensions regulator to slam Silentnight following pre-pack
(DBN)

HK Taverns appoints administrators
(DBN)

KPMG Faces Two Investigations From U.K. Accounting Regulator
(DBN)

____________

EU:

Most of Cyprus pain inflicted on overseas depositors, central bank says
(DBN)

____________

PIIGS:

Youth unemployment over 64 pct, as Greece jobless rate rises to 27 pct
(DBN)

Pilot Scheme Announced For Consumer Multi-Debt Restructuring
(DBN)

Portugal targets auctions as focus turns to 2014 funding --- Bailed-out Portugal plans another $6.3B in cuts
(DBN)

Berlusconi Tax Fraud Conviction Upheld
(DBN)

How Samaras Got His Groove Back
(DBN)

Spanish special servicer established
(DBN)

____________

Canada:

Quebec realtors caught up in million-dollar 'cheque-kiting'
(DBN)

____________

Germany:

Germany: More Workers Dependent on Welfare
(DBN)

German Exports Increased in March in Further Sign of Recovery
(DBN)

Insolvency Proceedings Under Way For Sunways AG
(DBN)

____________

MENA:

Dubai nears last big debt restructuring as crisis fades
(DBN)

Restructuring Will Not Be the Last Hurdle for Dubai
(DBN)

____________

Mexico:

Is easy credit coming to Mexico?
(DBN)

____________

Hungary

Cries for Relief from the Hungarian Financial Crisis
(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