May 6, 2013

The Daily Bankruptcy News

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Law:

Era of great expectations for BigLaw ended with bankruptcy of Howrey, Dewey and others, say experts
(DBN)

Are the Golden Days of BigLaw Over?
(DBN)

Layoff Watch: Voluntary Separations at Two Major Law Firms
(DBN)

In Defense of the Billable Hour
(DBN)

MoFo Names Bankruptcy Department Head As Co-Head Of Finance Department
(DBN)

Thrills, adventures with … a bankruptcy lawyer
(DBN)

Ugliness Inside The Am Law 100
(DBN)

Littler, Edwards Wildman, MoFo, Venable: Business of Law
(DBN)

Kramer Levin Names Litigation Co-Head: Business of Law
(DBN)

Former Dewey Executives File Objections to Deal
(DBN)

Greece Taps Freshfields for Big Post-Bailout Asset Sale
(DBN)

Dealmaking Revives On Burgeoning Opportunities
(DBN)

Famed lawyer Melvyn Weiss avoids jail after DUI charge
(DBN)

Book Review: Dirty secrets of legal profession --- The Rule of Lawyers
(DBN)

Legal Sector's April Flowers: 2,100 New Jobs
(DBN)

Company Says Arnstein & Lehr Gave Bad Advice In Bankruptcy Case
(DBN)

Defense lawyer moves to drop out of Chevron fraud suit
(DBN)

Penn State plans to divide law school into more independent campuses
(DBN)

February Bar Exam Results Are Fine In Texas, Pathetic In New York
(DBN)

Law School Gunners Don’t Suck; You Do
(DBN)

UK: Law school’s BOGOF offer provokes ‘huckster’ fury among rivals
(DBN)

The Best Online Law Schools (J.D. and LL.M. Programs)
(DBN)

The Law School Crisis, Visualized
(DBN)

Once Home to Kagan and Warren, HLS Faculty Still Only 20 Percent Female
(DBN)

Words of Wisdom from a Law School Student
(DBN)

Lawyerly Lairs: Partners Part With Pricey Penthouse
(DBN)

Young Attorneys and the Yellow Brick Road to Professional Success
(DBN)

Dechert Puts Its Attorneys Through Project Management Training
(DBN)

Reed Smith Creates Extranet for Clients to Track Time, Budget
(DBN)

The Triumph of the Tiger Mom
(DBN)

18 new iPhone apps you need to try --- 25 Apps That Will Keep Your Life Organized --- The 25 Most Popular Free iPhone Apps Of All Time --- MyCase iOS App
(DBN)

Is Microsoft's New Tablet, Surface Pro, A Game-Changer?
(DBN)

Jodi Arias' Lawyer: '9 Days Out Of 10 I Don't Like Jodi Arias'
(DBN)

What Dzhokhar Tsarnaev's 3 College Friends Tell Us About Teenagers --- Authorities Are Reportedly Skeptical That Tsarnaev's Widow Knew Nothing --- Boston Bombing Suspect’s College Friend Seeks Bail
(DBN)

8 Things Amanda Knox Did To Survive In Italian Prison
(DBN)

Americans Need To Stop Complaining And Learn To Love Jury Duty
(DBN)

Lawyer groper gets off squeezy
(DBN)

After settling $138K theft suit with office manager, firm discovers $164K more gone, goes to police
(DBN)

Judge faces discipline case for dismissing lawyer’s speeding ticket
(DBN)

Mad Hatters' Lunch—A Photo Essay
(DBN)

Lawyer who started on pro bono capital appeal as summer associate hopes to take it to top US court
(DBN)

Man Plotted to Abduct Lawyer, Strap Fake Bomb on Him, Electrocute Him, Frame a Cat
(DBN)

Lindsay Lohan Enters The Betty Ford Center, Fires Her Lawyer
(DBN)

Authorities: Sun's reflection off shiny dog bowl caused house fire
(DBN)

Nullification: How States Are Making It a Felony to Enforce Federal Gun Laws --- Kansas Gov. Insists it’s OK to Ignore Federal Gun Laws
(DBN)

Sheriff Invites Neighbors To Turn In People Who “Hate The Government”
(DBN)

Say What?!
(DBN)

______________

Judges:

Clarence Thomas: Obama Was The First Black President Because He 'Was Approved By The Elites And The Media'
(DBN)

Lawyers Protest Shuttering of SF Federal Court
(DBN)

Corporations Find a Friend in the Supreme Court
(DBN)

Inside the Roberts Court
(DBN)

Judging Would-Be Judges
(DBN)

Rules for Alleging Federal Judicial Misconduct Scrutinized
(DBN)

______________

Wall Street:

Stock futures eye gains after Wall Street rally
(DBN)

Dow Hits 15000 For The First Time; Closes Just Shy Of The Mark
(DBN)

PBS Frontline Nails It On How Wall Street Sticks It To Main Street
(DBN)

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Layoffs:

WARN Act Liability And Private Equity Firms
(DBN)

Long-Term Unemployment Is Turning Jobless Into Pariahs
(DBN)

US Adds 165,000 Jobs in April
(DBN)

Where the Jobs Were Added
(DBN)

It’s cap & groan time
(DBN)

A deeper look at the slow jobs recovery
(DBN)

Hey, Class of 2013, Here’s How NOT to Get a Job
(DBN)

The Idled Young Americans
(DBN)

Study: Today's Teens, Lazy, Greedy
(DBN)

Job Growth Likely to Slow in 2013: Goldman Sachs
(DBN)

Should the United States Have 2.2 Million More Jobs?
(DBN)

The Reality of the US Jobs Market
(DBN)

Job market shows surprising strength
(DBN)

Caterpillar announces additional layoffs
(DBN)

Job Picture Improves for Boomers' 'Encore' Careers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Mine workers union warns of strike at Patriot Coal --- Patriot Coal Bankruptcy Dispute Leaves Mine Workers' Pensions, Health Care In Limbo
(DBN)

______________

Video Games:

Videogame Developer TimeGate Files for Bankruptcy, Looks for Buyer
(DBN)

______________

Municipalities:

San Bernardino police officers criticize city officials on billboard
(DBN)

San Bernardino's library director quits over pension
(DBN)

San Bernardino Mayor, City Attorney, Entire Council Notified of Recall
(DBN)

Strapped States Slashing Jobless Benefits
(DBN)

Small North Texas cities cope with big budget problems
(DBN)

No more California bankruptcies seen this year - S&P
(DBN)

Scranton: Mayoral candidates face huge money troubles with little new money at hand
(DBN)

Ten Best States for Starting a Business
(DBN)

______________

Economy:

March Factory Orders Fell 4%
(DBN)

April job gains dampened by weaker outlook for young Americans
(DBN)

Fewer Americans are unemployed long-term
(DBN)

Why You Shouldn't Trust the Jobs Report
(DBN)

Kudlow: April Jobs Aside, US Is Falling Behind
(DBN)

Why Economy is Taking So Long to Recover
(DBN)

Buffett worries about Fed's 'huge experiment'
(DBN)

The systemic plight of labor
(DBN)

How John Maynard Keynes Thought About Future Generations Is Completely The Opposite Of What People Assume
(DBN)

Credit-Insurance Prices Falling for US Companies
(DBN)

Anyone Who Says There's A Manufacturing Revolution In America? Not So Much
(DBN)

U.S. Spending Cuts Seen as Key in Slowing Growth
(DBN)

Too Much Debt And Too Little Savings Continue To Be The Major Problems
(DBN)

Suicides Soaring Among US Middle Aged
(DBN)

David Rosenberg On The Sad State Of The Economy
(DBN)

The New Generation Of American Train Hoppers
(DBN)

For millions of Americans, the economy is simply not working
(DBN)

The Rapid Public Implosion Of The Austerity Movement Is Like Nothing We've Ever Seen
(DBN)

Joe Debtor: The Aging Face of Personal Debt: Squeezed From All Sides
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing Crash Fades as Defaults Decline to 2007 Level
(DBN)

Foreclosure Checks Arrive, Angering Some
(DBN)

Legislature and bankruptcy court clarify Illinois mortgage law
(DBN)

Housing Starts and the Unemployment Rate
(DBN)

Q&A: Kathy Patrick on mortgage bonds, Libor and beauty pageants
(DBN)

U.S. housing regulator lifts objection to $8.5 bln BofA deal
(DBN)

Getty Realty Still Trying to Move Past GPMI Bankruptcy
(DBN)

Can Rich Investors Keep Buying Up Homes?
(DBN)

HUD to sell 40,000 distressed loans in 2013
(DBN)

Flagstar to pay MBIA $110 million to settle MBS insurance suit
(DBN)

Robo-signer mortgage processor executive gets up to 20 years
(DBN)

Real Mortgage Relief, but Likely With a Catch
(DBN)

____________

Newspapers:

Washington Post profits down 85%
(DBN)

______________

Celebs:

The Broke and the Beautiful: Gossip Girl Edition
(DBN)

______________

Corporate Reform:

SEC Chief Mary Jo White Punts on Money Market Fund Debate
(DBN)

______________

Photography:

After bankruptcy, a leaner Kodak faces an uphill battle
(DBN)

Kodak's Fuzzy Future
(DBN)

Retired Kodak execs seeking to force negotiations
(DBN)

______________

Bankruptcy Crimes:

Dearborn Heights man pleads guilty to bankruptcy fraud
(DBN)

______________

Finance:

Bankruptcy Implications of Affiliated Lender Provisions and Debt Buybacks
(DBN)

______________

Consumer Finance:

Payday Loans Cost Economy $1 Billion in 2011: Study
(DBN)

______________

Mass Torts:

Texas fertilizer plant where blast killed 14 was repeat target of theft, tampering - Texas fertilizer plant was the target of 'Breaking Bad'-style theft
(DBN)

Texas plant that exploded had $1m policy
(DBN)

______________

Tax:

IRS Catching Low, Middle Income Taxpayers
(DBN)

______________

Agriculture:

U.S. farmers should guard against debt binge if incomes fall
(DBN)

______________

Education:

12 Colleges That Aren't Worth The Money
(DBN)

______________

Pensions:

This Accounting Quirk Is Setting Up Public Pensions For Disaster
(DBN)

______________

Alternative Energy:

Eric Garcetti's Solyndra: As CODA Declares Bankruptcy, Little Hope Seen Of Recouping L.A.'s Investment --- 25 Apps That Will Keep Your Life Organized
(DBN)

Buffett Denies Interest in Buying Suntech
(DBN)

______________

Brokers:

States urge SEC to halt forced investor arbitrations
(DBN)

______________

Turnarounds:

In restructuring, communication is key but not easy
(DBN)

______________

Health Care:

West Penn Bond Ratings Fluctuate Following Highmark Deal
(DBN)

______________

Student Debt:

A Student Debt Crisis Is Looming, According to Alarming Trends
(DBN)

_____________

Aviation:

American Airlines recalls last pilot on furlough
(DBN)

______________

Student Debt:

Financial Aid? College Students Need Financial Ed
(DBN)

______________

Electricity:

Utility Company Collecting Hundreds Of Millions From Customers In Federal Taxes -- That Don't Exist
(DBN)

______________

Autos:

Detroit automakers fight to stem huge losses in Europe
(DBN)

______________

Private Equity:

Sunstone Signs Letter of Intent to Sell to Pancon
(DBN)

______________

Engineering:

Trustee for embattled N.J. engineering firm asks judge to approve California company's purchase bid
(DBN)

______________

Fraud:

FDIC Asks Judge to Toss BofA Suit Over Taylor Bean Fraud
(DBN)

April 2013 Ponzi Scheme Roundup
(DBN)

______________

 

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (35 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:

April Commercial Bankruptcy Filings Decrease by 16% Y/Y
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Week Ahead in Bankruptcy : Hostess, AMR and Nortel
(DBN)

______________

Automatic Stay:

District Court Clarifies Distinction Between Burdens of Proof on Stay Relief and Adequate Protection in American Airlines Bankruptcy
(DBN)

______________

Recharacterization:

Ninth Circuit Widens Circuit Split Over Application of State or Federal Bankruptcy Law To Determine Whether Claims of Insider-Lenders Should be Recharacterized as Equity
(DBN)

Ninth Circuit Holds Bankruptcy Courts May Recharacterize Debt as Equity
(DBN)

______________

Eligibility:

Fla. couple's bankruptcy legal move could lead to big changes
(DBN)

______________

Mootness:

Supremely Moot: SCOTUS Denies Challenge to Equitable Mootness Doctrine and Second Circuit’s Charter Communications Decision
(DBN)

______________

Recent Pleadings:

UST Bashes AMR Advisors' Bonus Fee Requests, Says Prior-Approved Compensation Already "Generous"
(DBN)

______________

Litigation:

Judges Chime In on Proposed E-Discovery Amendments
(DBN)

______________

Insurance:

Management Liability Insurance for Law Firms and the Dewey & LeBoeuf Bankruptcy
(DBN)

______________

TBTF:

Cohen: Brown-Vitter Punishes Banks For Being Big
(DBN)

Fed governor calls for link between capital, liquidity at mega banks
(DBN)

Washington Is Tired Of Jamie Dimon
(DBN)

Wrigley Field Beset By Wealthy Man Looking For A Handout
(DBN)

Too Big to Fail ? You Have No Idea
(DBN)

The Mergers That Made Too Big to Fail
(DBN)

The Mad Dash for Deposits That Spurred Too Big to Fail
(DBN)

______________

Insurance:

Fitch: D&O Market Experiencing Loss Trends, Pricing Shift
(DBN)

______________

Sovereigns:

Argentina's Bondage
(DBN)

Argentine bonds anyone? IMPSA wants investors to dig in
(DBN)

______________

Retailing:

JCPenney Spent An Absurd Amount Of Money Hiring Ron Johnson's Failed Executive Team
(DBN)

______________

Banking:

Unofficial Problem Bank list declines to 773 Institutions
(DBN)

U.S. Prosecutors Pursuing Libor Convictions, Raman Says
(DBN)

JPMorgan Directors Feel Heat in a Vote
(DBN)

Who Leaked JPMorgan's 'Schemes' Memo ?
(DBN)

JPMorgan And The Death Of Corporate Reputation
(DBN)

US may charge JPMorgan for power market manipulation
(DBN)

As FDIC targets executives of failed banks, healthy banks feel pain
(DBN)

______________

Asset Protection:

Offshore Tax Havens in Spotlight After 200-Year History
(DBN)

______________

Environmental:

Environmental Claims: The Best Laid Schemes of Mice and Men …
(DBN)

______________

Electrical Supplies:

Sunstone Components Group Signs Letter of Intent to Sell Company Through Chapter 11 Process
(DBN)

______________

UK:

Personal insolvencies at five-year low
(DBN)

Corporate collapses plummet in first quarter of 2013
(DBN)

Coventry City Searching for New Stadium to Play Next Season
(DBN)

Scottish Coal liquidators say in talks over parts of business
(DBN)

HMRC struck Goldman Sachs ‘sweetheart’ deal to “save face”
(DBN)

______________

EU:

EU Central Bank Cuts Interest to Record Low
(DBN)

Cyprus Is Not A Template For Future Bailouts
(DBN)

EU slams Hypo restructuring , threatens aid recovery
(DBN)

Yield-induced amnesia hits Europe's junk market
(DBN)

Corporate Credit Risk Falls to Three-Year Low on Draghi Rate Cut
(DBN)

Euro zone business downturn points to deeper recession in second-quarter
(DBN)

France Declares Austerity Over as Germany Offers Wiggle Room
(DBN)

German Finance Minister Who Launched The Euro Now Says 'Catastrophic' Currency Must Be Broken Up
(DBN)

______________

PIIGS:

Sean Dunne reveals $942m liabilities in bankruptcy file --- Bust developer Dunne to keep $1m pension despite $942m debts --- Dissident link to attack on bankrupt politician Killally
(DBN)

April jobless figures make grim reading for Spain's unemployed --- Bankers whisper: Spain's bailout bill could rise
(DBN)

______________

Mexico:

Troubled Mexican homebuilders dent high-yield confidence
(DBN)

______________

China:

The Chinese Are Freaking Out About A Sudden Drop In Housing Prices
(DBN)

______________

Grenada:

Grenada bondholders form committee after missed coupon payment
(DBN)

______________

Lithuania:

Lithuania Central Bank Assessing New Bidder for Bankas Finasta
(DBN)

______________

Australia:

Australia's Economy Is Cracking
(DBN)

______________

 

 

 

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