May 23, 2013

The Daily Bankruptcy News

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Law:

Ex-Dewey Partners Face New Foe in Firm's Bankruptcy
(DBN)

CalPERS Claims Legal Team “Raided” by Bankruptcy Opponent
(DBN)

S&C Adds Linklaters Restructuring Partner in London
(DBN)

Survey: Firm Leaders Admit Downturn's Permanent Impact --- Law Firms in Transition 2013: Altman Weil Survey Results
(DBN)

Stealth Lawyer: Ruchi Bhowmik, Deputy Cabinet Secretary
(DBN)

Seyfarth, McKenna Long, Duane Morris: Business of Law
(DBN)

Paul Weiss Scuttles $1 Billion Suit over Lyondell Buyout
(DBN)

Man Enough to Take Your Wife's Name?
(DBN)

Four Essential Steps to Take Before Changing Law Firms
(DBN)

Going, going, gone – to the person with bucks to blow on legal work experience
(DBN)

Law firm leaders say industry shift permanent, yet don’t list value and efficiency as top concerns
(DBN)

Cost-wary clients push law firms
(DBN)

Law Firms Continue to Scale Back on Office Space Needs
(DBN)

10 Questions with Jim Maiwurm of Squire Sanders
(DBN)

The Worst LL.M. Programs… In The World
(DBN)

Stanford Law is a hotbed for tech startups and legal entrepreneurs
(DBN)

Are Law Schools Too Logical?
(DBN)

Law School Offers A Second Chance for Rejected Students
(DBN)

A young attorney who works late while the colleagues with kids leave early
(DBN)

Report: Orlando Man Shot By FBI Confessed To Involvement In Boston Triple Murder
(DBN)

Suing ex-client for $500K in divorce fees led to disbarment ruling, bankruptcy for former bar president - ABA Journal
(DBN)

BigLaw Firm Removes Stairwell Security Cameras: "We picked up so much sexual activity on the cameras, after midnight, that it was a liability to have the videotape in our possession"
(DBN)

A Nixon Peabody Staffer's Personal Take on Gun Control
(DBN)

Cleveland Kidnapping Hero Charles Ramsey Is Getting Free Burgers For Life
(DBN)

Girls Gone Wild founder says jury that convicted him should be ‘lined up and shot’
(DBN)

'Low Bono' Endeavor Aims to Address Unmet Legal Needs
(DBN)

NYPD Detective Allegedly Hacked 40 Email Accounts To Spy On His Ex
(DBN)

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Judges:

Going to in Texas
(DBN)

N.Y. judges' lawsuit over health benefit cuts can move forward: ruling
(DBN)

70 is not so old, say state court judges challenging mandatory retirement rule
(DBN)

Do courts serve the ‘customer’ well? The public deserves better than it’s getting, judge writes
(DBN)

Which Supreme Court Justice Are You?
(DBN)

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Wall Street:

Stimulus uncertainty looms over US stock futures --- Stock futures slide, rattled by Fed, China data
(DBN)

Markets Are Getting Destroyed Around The World
(DBN)

Stocks close down on news that Fed considered cutting stimulus
(DBN)

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Layoffs:

Stephen Colbert Shreds GOP Congressman Who Wants To Destroy The Jobs Report
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Televisions:

The Pay TV Industry Is Finally Getting Killed By The Internet
(DBN)

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Municipalities:

Detroit ‘Crushing’ Debt Among First City Overhauls, Orr Says
(DBN)

Cuomo calls for no taxes for new businesses
(DBN)

Pa. control may limit Harrisburg election's impact
(DBN)

One Stockton creditor accuses another of playing dirty
(DBN)

SEC charges South Miami with fraud over debt deals
(DBN)

Stockton tax plan in works
(DBN)

Chicago Just Carried Out The Biggest Round Of School Closings In American History
(DBN)

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Fraud:

Bernie Madoff's Stuff Is The Star Attraction At A Gangsters And Serial Killers Museum Exhibit
(DBN)

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Alternative Energy:

The Reason Why Solar Costs Are Falling Is The Same Reason Why They're About To Go Back Up
(DBN)

Tesla Pays Off All $465M in Federal Loans 9 Years Early
(DBN)

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Banking:

FDIC's Latest Failed Bank Litigation Update Reflects Increasing Lawsuit Filings
(DBN)

Despite Setbacks, Libor-Scandal Claimants Press Ahead
(DBN)

New Survey Says Bankers Are Drinking Or Praying To Deal With Stress
(DBN)

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Aviation:

Delta Says Rebound Puts S&P 500 in Reach as Credit Ratings Rise
(DBN)

Consumer Reports rates the best and worst airlines
(DBN)

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Printing:

Printer TPO Hess Holdings Files for Bankruptcy Protection
(DBN)

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Economy:

The Fed Effect, in One Chart
(DBN)

Food Stamp Rolls: They’re Elevated for a Reason
(DBN)

Fed Winddown Strategy Will Test Economy’s Reaction and Adjust
(DBN)

The College Class Of 2013 Reveals Their Biggest Financial Regret
(DBN)

UBS: 5 Assets That Look Like They're In A Bubble
(DBN)

Charts That Will Restore Your Faith In Humanity
(DBN)

Most Americans Think The Middle Class Is The New Face Of Poverty
(DBN)

Average 401(k) Balance Up 75% Since 2009
(DBN)

Did the Pentagon cry wolf over sequestration?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homes Selling at Fastest Pace Since Boom
(DBN)

The 15 Worst Housing Markets For The Next Five Years
(DBN)

ResCap: Stake race
(DBN)

Berkshire Seeks ResCap, Ally Financial Report
(DBN)

Toll Bros.' profit jumps 46 percent for quarter
(DBN)

Four Reasons Housing Recovery Isn’t Yet Boosting Economy
(DBN)

Home sales close in on three-and-a-half year high
(DBN)

Proof the US housing market is finally starting to look normal
(DBN)

Mortgage-Bond Yields Guiding Loan Rates Rise to Highest in Year
(DBN)

Architecture Billings Index reverses recent gains
(DBN)

Fannie Mae, Freddie Mac 2013 bill sale calendar
(DBN)

Number of Americans in foreclosure plummets: LPS
(DBN)

Mortgage apps tumble, refis drop to lowest since late March
(DBN)

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Investment Banking:

As Gleacher Vote Nears, A Tale of the Little Bank That Couldn't
(DBN)

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Tax:

IRS' Lerner: Not Me and I Take the Fifth --- Tea Party Congressman Chews Out IRS Official Who Pleaded The Fifth --- Who else took the 5th? Baseball star, banker, more
(DBN)

Six Facts Lost in IRS Scandal
(DBN)

Heads Won't Roll at IRS
(DBN)

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Weather:

The Oklahoma Tornado Is One Of The 5 Costliest Weather Events In US History
(DBN)

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Celebs:

Schilling lawyer argues for tossing lawsuit
(DBN)

Justin Bieber Makes Friends Sign A $5 Million Liability Waiver Before Entering His Home
(DBN)

Brad Pitt Says Life With Angelina Jolie Is Way Better Than Being Married To Jennifer Aniston
(DBN)

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Autos:

Bidders Circle Fisker
(DBN)

Fisker To Be Saved By Lutz And Wanxiang?
(DBN)

Lutz Sees Stripped Down Fisker as Potential Gem
(DBN)

Tesla uses stock, note sale to repay government
(DBN)

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Bankruptcy Crimes:

Dallas woman who filed for bankruptcy six times in four years is charged with fraud
(DBN)

Bethesda Woman Sentenced for Bankruptcy Fraud
(DBN)

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Gambling:

Revel Wants You (and Your Dog) to Visit
(DBN)

New Jersey casino 1st quarter profits plunge
(DBN)

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Compensation:

Median CEO pay rises to $9.7 million in 2012 --- The 10 highest-paid CEOs of 2012
(DBN)

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Brokers:

Brokers May Soon Have To Tell Clients About Their Fat Bonuses
(DBN)

CME vows not to sway membership prices after MF Global sales
(DBN)

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Video Games:

38 Studios court case begins
(DBN)

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Oil/Gas:

Will Oil Spill Payments ‘Irreparably’ Harm BP?
(DBN)

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Ratings Agencies:

Feds Attack S&P's 'Puffery' Defense in Securities Suit
(DBN)

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Lehman:

Lehman Brothers Holdings to sell $4.22B in claims
(DBN)

Lehman to Sell Shares of Equity Residential, AvalonBay
(DBN)

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Celebs:

Justin Bieber Will Sue You for $5M Over Gossip
(DBN)

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Retailing:

Judge says gift card claims against Borders are 'equitably moot'
(DBN)

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Boating:

Court appoints trustee, may liquidate Yacht Path International
(DBN)

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Shipping:

Tanker Owners Have Lost $27bn Since 2009
(DBN)

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Non-Profits:

Bankruptcy for Urban League of Lancaster County
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Miscellaneous:

Bill on Bankruptcy: The Market's Unquenchable Thirst for Junk
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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DIP Finance:

Ahern Noteholders Nervous About Double Fee on Exit Loan
(DBN)

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Avoidance Actions:

Benefits from Subchapter S Election Constitute Reasonably Equivalent Value for Dividend Payment by Insolvent Debtor
(DBN)

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Recent Pleadings:

Late Gift Card Claims In Borders Case Are Equitably Moot Due To Plan Consummation
(DBN)

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Litigation:

Parties ordered to hire neutral expert to probe plaintiff’s Facebook page
(DBN)

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TBTF:

DOJ Official Testifies on Banks as 'Too Big to Jail'
(DBN)

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Telecoms:

KIT Digital leaders ask judge to reject rival sale offer
(DBN)

USA Telephone customers in Maine lose phone service
(DBN)

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Health Care:

County Owners Say 3 Buyers Want Natchez Regional Medical Center in Mississippi
(DBN)

Layoffs coming to Pittsburg hospital
(DBN)

ObamaCare being blamed for hundreds of layoffs at Tulsa hospital
(DBN)

Is Obamacare a legitimate reason for hospital layoffs or just a scapegoat?
(DBN)

There's Finally An Easy Way To Stop Getting Ripped Off At The Hospital
(DBN)

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Food/Beverage:

North American Food & Beverage files Chapter 11
(DBN)

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Tech:

Elpida seeks court approval for sale to Micron
(DBN)

Atari seeks court approval for assets sales to escape bankruptcy
(DBN)

With no acceptable offers on the table, Atari is going to auction
(DBN)

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Vacuums:

Hoover expresses interest in Oreck sale
(DBN)

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UK:

U.K. Banks Losing Home Advantage
(DBN)

IMF Tells U.K. to Move Quickly on Banks
(DBN)

IMF calls for new growth measures to help UK economy and ease austerity
(DBN)

Pre-pack hopes 'all rise' for boyband Blue
(DBN)

The Rising Surge of Female Insolvency
(DBN)

Administrators cleared of Rangers conflict of interest allegations --- Duff & Phelps cleared of misconduct over Rangers
(DBN)

Insolvencies rising among women
(DBN)

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EU:

EU's 27 leaders agree to important step in fight against tax evasion by year's end
(DBN)

Eurozone Manufacturing Data Comes In Better-Than-Expected, But Still Ugly
(DBN)

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PIIGS:

Irish seek to hold the line in tax battle
(DBN)

Portugal plunders pension fund to tackle debt cliff
(DBN)

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Brazil:

Brazil Faces Budget Dilemma in Face of Stagflation
(DBN)

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Vatican:

Vatican watchdog reports suspect money movements
(DBN)

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China:

Suntech's local creditors claim $2.5 billion as restructuring starts --- Suntech Has $541 Million Confirmed Debt Claims, Government Says
(DBN)

China Manufacturing Unexpectedly Contracts
(DBN)

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Mexico:

Mexico's Homex says some creditors could seek early payment --- Says "arguably" in default on some debt
(DBN)

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Japan:

Japan Economy Chief Warns Against Panic Over Stock Sell-Off --- Breathtaking 7% Plunge - Worst Since The Fukushima Disaster
(DBN)

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Vietnam:

Crane Operator Accidentally Hits Tree, Knocks Out Power To A Third Of The Country
(DBN)

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