May 31, 2013

The Daily Bankruptcy News

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Law:

Ex-Kirkland Partner: Rainmakers Are Paid Too Much
(DBN)

The 2013 Am Law 200 --- Gross Revenue --- PPP
(DBN)

Judge approves $19.5 million Dewey mismanagement settlement
(DBN)

Claimed scheme to overbill client by $1M results in criminal case against lawyer and office manager
(DBN)

N.Y. suit vs Blank Rome highlights issues in law firm mergers
(DBN)

Q&A: Davis Polk & Wardwell's Annette Nazareth
(DBN)

Women Are Now Breadwinners (Is That Okay?)
(DBN)

Polsinelli Banks on Healthy Living
(DBN)

Perks, Not Money, Most Important in Legal Recruiting, Retaining
(DBN)

The Legal Jobs Crisis Doesn't Exist For Harvard Law Grads
(DBN)

What’s driving change in legal education and why you should care
(DBN)

How Much Does Your Law Professor Make? UCLA Law Edition
(DBN)

22-year-old Harvard law grad plans to launch his own company—after one more degree
(DBN)

Prawf Entry Level Hiring Down
(DBN)

By All Means, Allow Law Students and Grads to Work for Free
(DBN)

About Two-Thirds of Parents Want Their Kids to Be Lawyers (Relatedly, About Two-Thirds of Parents Don’t Read the News)
(DBN)

Projections For Law School Enrollments And Profiles For Fall 2013
(DBN)

Boies Schiller to open London office, its first outside the US
(DBN)

Would You Want A House Husband?
(DBN)

DWI Results In Automatic New York Disbarment
(DBN)

Lawyer celebrates 50 years at same law firm, the only employer he’s ever had
(DBN)

Partner fined after swearing at railway worker
(DBN)

UK solicitor jailed for massive cannabis haul
(DBN)

Nesting mallard lays 8 eggs at Crowell & Moring, gets royal treatment
(DBN)

Mormon Mom Was Likely Framed For Drug Smuggling
(DBN)

Kid Suspended Over Gun-Shaped Pop-Tart Gets Lifetime NRA Membership
(DBN)

Inmate’s 17th-story bedsheet-rope escape shows he should get 20 years for bank robbery, judge says
(DBN)

Texas Man Steals $35 of Ribs, Gets 50 Years
(DBN)

Father Of Chechen Killed By FBI Shows Photos Of Gunshot Wounds All Over Son's Body
(DBN)

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Judges:

Dorsey lawyer replacing retiring bankruptcy judge
(DBN)

Judge Charged With Heroin Possession After Colleague's Drug Overdose
(DBN)

Senators Call For Shrinking Small, Overworked D.C. Circuit
(DBN)

It’s that time of year: Kennedy watching season
(DBN)

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Wall Street:

Wall Street stock futures trend lower
(DBN)

Stocks rise on hopes for continued Fed stimulus
(DBN)

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Layoffs:

Initial Jobless Claim Up to 354,000
(DBN)

Chicago Sun Times Fires All Photographers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Grand jury blames former Stockton auditor, former elected officials, bad decisions for city’s money woes
(DBN)

State treasurer on possible Detroit bankruptcy: 'We're ready to go either way'
(DBN)

Bill would safeguard DIA artworks in the event of Detroit bankruptcy
(DBN)

DIA Gins Up PR Battle Against Kevyn Orr
(DBN)

Art sell-off a selling of our soul
(DBN)

Outcry over DIA artwork shows many still in denial over Detroit's plight
(DBN)

No easy answers in threat to DIA assets
(DBN)

Macomb officials may look to halt tax money for DIA if art is sold
(DBN)

Detroit at 90 Cents on Dollar Worth 100 Cents Today
(DBN)

Rhode Island town says near- bankrupt pension plan not its problem
(DBN)

A Political Payoff on the JeffCo Commission?
(DBN)

17 Reasons Why Houston Is The Best City In America
(DBN)

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Health Care:

Sound Shore Medical Center of Westchester Enters Bankruptcy
(DBN)

NYC hospital buying 2 Westchester hospitals through bankruptcy
(DBN)

Westchester hospitals' sale price over $54 million
(DBN)

Muni bonds at risk in two non-profit healthcare bankruptcies
(DBN)

How 3 Small Firms Face Health Law
(DBN)

Are Obamacare’s exchanges competitive? Here’s what the experts say.
(DBN)

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Autos:

Coda Chapter 11 Process Moves Forward
(DBN)

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Economy:

US households 55% poorer, on average
(DBN)

First quarter GDP revised slightly lower; austerity bites
(DBN)

Social Security, Medicare Still Face Big Challenge
(DBN)

Unemployment: 8% to 7.5% for $16 Trillion
(DBN)

Only a third of charitable contributions go to the poor
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Pending Home Sales Miss Expectations, Rising 0.3%
(DBN)

30-year mortgage rate hits 3.81%, a 1-year high
(DBN)

Treasury Extends HAMP Mortgage-Modification Program Through 2015
(DBN)

As Foreclosures Fade, Ham-Handed HAMP Keeps Going
(DBN)

Homeowners Are Thinking Twice Before Walking Away From Their Underwater Mortgages
(DBN)

The Government’s Plan To Save Housing Will Cause People To Default Over And Over Again
(DBN)

Federal judge rejects mass action case against mortgage registry, banks
(DBN)

Looks Like The 'Smart Money' Is Already Exiting The Housing Trade
(DBN)

Lawyer cites beautification exception in trespass law to justify takeovers of abandoned homes
(DBN)

BofA Must Face Mortgage Repurchase Suit by U.S. Bancorp
(DBN)

Gutted MBS Suit Against BofA Can Move Forward
(DBN)

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Aviation:

American, Delta shed most jobs among US airlines
(DBN)

Bankruptcy judge approves $24.9 million settlement between American Airlines, FAA
(DBN)

Buying An Airline At A Near- Bankruptcy Price
(DBN)

The Worst Flight in America
(DBN)

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Finance:

Fed Scrutiny Ends For CIT, Shares Rally
(DBN)

Arcapita Creditor Tide Continues Fight for Better Treatment
(DBN)

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Celebs:

Casey Anthony bankruptcy hearing ends without ruling
(DBN)

Hundreds of millions gone! Dotcom pioneer blows fortune on extravagant mansions, failed hotels, and fine art
(DBN)

How Minor Blew His Tech Fortune on Way to Bankruptcy
(DBN)

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Environmental:

Kodak taking steps to hand off environmental concerns
(DBN)

California agency failed to collect $100 million for cleanup of contaminated sites
(DBN)

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Uniforms:

Life Uniform Files for Bankruptcy With Plan to Sell Assets
(DBN)

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Apparel:

Life Uniform Holding Files for Bankruptcy to Sell Assets
(DBN)

Scrubs & Beyond to Acquire Life Uniform
(DBN)

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Mass Torts:

Deepwater Horizon settlement sees struggles
(DBN)

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Debt Collection:

Consumer Agency Charges Debt Firm with "Abusive" Acts
(DBN)

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Fraud:

Nevin Shapiro: I Lied In Court, Firm Rejects Charge It Knew
(DBN)

Rick McMenimen seeks delay in fraud, bankruptcy trial
(DBN)

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Student Debt:

Sallie Mae Shocks Bondholders in Asset Strip
(DBN)

Sallie Mae Split Marks Bet on Much-Abused Private Student Loans
(DBN)

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Brokers:

Peregrine Financial Headquarters Sells for Millions Under Value --- Deal for Peregrine HQ could push Wasendorf son back to court
(DBN)

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Food/Beverage:

Pro's Ranch Markets files Chapter 11 bankruptcy
(DBN)

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Retailing:

Discount Retailer Big M Is Rescued
(DBN)

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Alternative Energy:

Should the government have made more money off Tesla?
(DBN)

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Telecoms:

Clearwire to duck default; Dish ups bid
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (25 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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Avoidance Actions:

Ex-shareholders of Lyondell, Tribune face novel clawback threat
(DBN)

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Recent Pleadings:

Judge Cuts Professionals' Fees In "Nightmare" "Train-Wreck" Case
(DBN)

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Tax:

IRS May Have Targeted Conservatives Broadly
(DBN)

Obama Is Risking A Ton Of Political Backlash By Not Appointing A Special Prosecutor In The IRS Scandal
(DBN)

The IRS scandal is about targeting conservatives, not scrutinizing 501(c)(4)s
(DBN)

Embattled IRS staff remain in jobs despite US tax review scandal
(DBN)

Here’s who gets the biggest tax breaks --- Broken tax breaks
(DBN)

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Litigation:

The Treasure Buried In Financial Crisis Litigation
(DBN)

Why Pasta Cooking Techniques Should Not Be Used in Bankruptcy Litigation
(DBN)

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TBTF:

The huge misconception at the heart of “ too big to fail ”
(DBN)

Goldman s TBTF Study Used Flawed Data to Reach Flawed Conclusions
(DBN)

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Coal:

Patriot Coal Bankruptcy Deal Draws Criticism From Miners Union
(DBN)

Peaboy Reacts to Judge's Ruling in Patriot Coal Dispute
(DBN)

Patriot beneficiaries wait to see fate of their benefits
(DBN)

Patriot healthcare ruling underlines dire state of US coal
(DBN)

Patriot Coal case shows how federal judges live by their own rules
(DBN)

Patriot Coal ruling represents a moral bankruptcy
(DBN)

'Travesty': Patriot Coal evasion
(DBN)

Rahall and Rockefeller push CARE Act to protect retired miners
(DBN)

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Finance:

Carveout Guaranties: The Guarantor’s Dilemma
(DBN)

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Personal Finance:

10 Shockingly Stupid Ways To Save Money
(DBN)

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UK:

Cross Border Restructuring and Insolvency Update - May 2013
(DBN)

Dodgy carbon credit company terminated by the Insolvency Service
(DBN)

Pre-packs on the continent
(DBN)

Documents Show Obama Officials in Tension Over British Banks
(DBN)

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EU:

Eurozone unemployment hits another record high
(DBN)

When courts collide
(DBN)

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PIIGS:

Greeks shake off pessimism despite economic woes
(DBN)

Irish Jobless Rate Falls to 13.7%
(DBN)

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Canada:

Landdrill International Petitioned Into Bankruptcy
(DBN)

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Ukraine:

Ukrainian Oligarch Is Getting Desperate, As He Sues For $143 Million And Seeks Help From Hillary Clinton
(DBN)

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Israel:

Better Place liquidators to fire over half of workers
(DBN)

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Korea:

Struggling Korean builders tell employees to show loyalty
(DBN)

____________

India:

India cbank tightens asset restructuring rules for banks
(DBN)

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Copyright 2013