May 9, 2013

The Daily Bankruptcy News

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Law:

Legal-Sector Job Gains Offset Early 2013 Losses
(DBN)

Perkins Coie Adds Experienced Bankruptcy Partner in California
(DBN)

Citi Study: Law Firms Hurt by Weak First Quarter Demand
(DBN)

Latham, Bryan, Alston & Bird, O’Melveny: Business of Law
(DBN)

Stealth Lawyer: Reverend Luther Zeigler, Minister
(DBN)

Ex-Dewey Lawyer's Move Adds Wrench to Firm's Bankruptcy
(DBN)

Howrey and Heller United on Clawback Question
(DBN)

Report: Dzhokhar Tsarnaev's Repeated Requests For A Lawyer Were Ignored
(DBN)

Amid Detroit's Fiscal Woes, City's Am Law Firms Press On
(DBN)

Largest New York Firms Show Steady Growth
(DBN)

Lawyerly Lairs: A Small-Firm Lawyer’s Big-Ticket Apartment
(DBN)

A Time Out
(DBN)

Virtual Practice and the Work-Life Balance Debate
(DBN)

Google Glass Could Help Legal Speakers
(DBN)

Yale Students Avoid ‘Most Impressive’ Competition, Win Award For ‘Most Self-Important Snowflakes’ Unopposed
(DBN)

ABA and Legal Education: Change Won't Come from Within
(DBN)

Brooklyn Law School Creates the First Accelerated 2-Year J.D. Program in New York Metro Area
(DBN)

Law Faculty Salaries, 2012-13
(DBN)

Should A Minority With Asperger’s Even Bother? - Do you need social skills in order to thrive in Biglaw?
(DBN)

Does LL.M. Really Stand for ‘Lawyers Losing Money’?
(DBN)

"Bloodsucking shylocks"
(DBN)

Feds say assets of ex-lawyer charged in $4.5M client theft are missing, ask judge to revoke bond
(DBN)

Lawyer is among 33 people arrested over Hollywood-style $50M diamond heist at Brussels airport
(DBN)

Chapter 13 No Haven for Lawyer Who Skimmed From Former Firm
(DBN)

Doctor and nurse at trial in murder case over Hep C transmission at endoscopy clinics
(DBN)

Overachieving lawyer sees himself in empirical study
(DBN)

Ex-'Dora the Explorer' Can't Unwind Settlement With Nickelodeon - Her Legal Fees: $775/hour, plus 37.5% contingency
(DBN)

UK lawyer in hot water in call for for age of consent to be lowered to 13
(DBN)

Lawyer almost loses her career over: 'I cannot stand Jewish people'
(DBN)

More Bizarre Details Are Coming Out About What Life Was Like For Cleveland Kidnapping Victims --- Cleveland Kidnapping Suspect Reportedly Cooperating With Police --- Cleveland: Street Was Perfect Hiding Place --- Charges Filed in Abduction
(DBN)

JODI ARIAS: How A Nice Girl From California Turned Into A Brutal Killer
(DBN)

Gun Violence Isn't Getting Worse
(DBN)

Say What?!
(DBN)

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Judges:

Is Anybody Shocked That Americans Trust TV Judges More Than Supreme Court Justices?
(DBN)

Judicial license plates not unethical: N.Y. conduct panel
(DBN)

Why SCOTUS does not want to visit Asheville
(DBN)

Judges Want You to Add Links to Your Pleadings
(DBN)

You Stay Classy, Mississippi Supreme Court Justice Mike Randolph
(DBN)

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Wall Street:

Dow stock futures cling to gains
(DBN)

US stocks notch record closes for Dow, S&P 500
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

America's Increasingly Broken College System, In Three Charts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Directories:

Dex Media Debt to Go to Par After Bankruptcy , Hayman's Bass Says
(DBN)

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Publishing:

US Publishers Still Reeling From Borders Bankruptcy
(DBN)

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Shipping:

Billionaire Batista’s Off-Book OGX Liabilities Revealed
(DBN)

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Small Appliances:

4 problems that pushed Oreck into bankruptcy --- Oreck seeks sale in Chapter 11
(DBN)

Oreck family hopes to buy back vacuum company
(DBN)

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Municipalities:

Emergency Manager says Detroit's finances are worse than he expected
(DBN)

Pontiac pension board votes to transfer funds for health care, emergency manager says plan won't work
(DBN)

Miller says bankruptcy remains the key to Harrisburg's recovery --- Tempers flare at Harrisburg Mayoral candidate debate
(DBN)

CalPERS says San Bernardino has the money to pay its pension debt
(DBN)

Jeffco faces US bankruptcy judge Thursday --- Commissioners hope to give judge a timetable to exit bankruptcy
(DBN)

Middleton: Asset Sale Or Act 47 ?
(DBN)

Altoona: Unions to start talks with city
(DBN)

California Revenues $4.6 Billion ahead of Projections through April
(DBN)

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Coal:

Patriot’s UMWA workers: ‘We could be forced to strike’
(DBN)

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Economy:

Fisher: DC Holding Back Job Creation
(DBN)

Singer: Fed is Creating Class Warfare
(DBN)

Bernanke: Enabler of Our Dysfunction
(DBN)

Current Deficit Plunges 32%
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bondholders Say ResCap Shouldn't Be Able to Use Cash
(DBN)

ResCap Offers Senior Executives $272,000 in Severance Pay
(DBN)

ResCap Examiner Says He Will File Report on Ally Friday
(DBN)

Who is Mel Watt?
(DBN)

Specific Performance Remedies in Bankruptcy
(DBN)

Freddie Mac to Pay Treasury $7bn on Profit
(DBN)

U.S. can pursue case against Bank of America over mortgages
(DBN)

Jon Stewart's Residential Evil
(DBN)

South Florida falls to third in national foreclosure rankings
(DBN)

Southern California Foreclosure Activity Down 23 Percent in April
(DBN)

Inflation Data Pointing To Another Housing Bubble
(DBN)

Suspicious loan activity reports shrink first time in a decade
(DBN)

Are mortgage-backed securities bonds or equity? 2nd Circuit to decide
(DBN)

California Homeowner Bill of Rights blocks BofA foreclosure
(DBN)

Crowdsourcing comes to commercial real estate
(DBN)

Supply and demand disruption plagues Southern California
(DBN)

In Latest Foreclosure Glitch, Some Checks Come Up Short --- Fed Says New Mortgage Settlement Checks to Be Sent Next Week
(DBN)

Two midtown Manhattan buildings to sell for more than $1 billion
(DBN)

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Health Care:

Universal Health company American Managed Care files bankruptcy
(DBN)

Medicare charges vary widely at hospitals, new data show
(DBN)

Government Drops Big Data Bombshell on US Hospital Industry
(DBN)

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Celebs:

Casey Anthony bankruptcy hearing ends without ruling --- Casey Anthony lawsuits: Fate unclear after bankruptcy hearing
(DBN)

Casey Anthony owns rights to her story again
(DBN)

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Fraud:

Jeffrey Skilling Plea Deal --- May Get Decade Off Sentence in Deal
(DBN)

Ruling Clears Way for $7 Billion A.I.G. Suit Against Bank of America
(DBN)

Rajaratnam's Brother Wins Delay of SEC Insider-Trading Suit
(DBN)

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Autos:

Another Car Company That Got A Federal Loan Is Shutting Down --- U.S.-Backed Van Maker Shuts After Loan Reserve Seized
(DBN)

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Retailing:

JCPenney Redesigned Its Logo So Many Times Nearly Half Of America No Longer Recognizes It
(DBN)

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Hotels:

Lenders Checking In? Hoteliers Say Construction Lending Is Reviving
(DBN)

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Newspapers:

Employees' Overtime Suit Forces Daily Voice to Seek Bankruptcy
(DBN)

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Furniture:

Tough economy, cash flow woes led to Kreiss to Chapter 11
(DBN)

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Student Debt:

Elizabeth Warren Introduces Student Loan Bill --- Warren: Give students the same deal as big banks
(DBN)

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Hedge Funds:

Hedge Funds Rush Into Debt Trading With $108 Billion
(DBN)

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Bonds:

Chesapeake to Save $100 Million on Judge Ruling Over BNY
(DBN)

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Rating Agencies:

Blowback for the Rating Agencies
(DBN)

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Food/Beverage:

Skinny Water maker files Chapter 11
(DBN)

Applebee's franchisor closing, selling restaurants
(DBN)

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Golf:

Members decry closed auction for Woodcrest
(DBN)

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Resorts:

MSR, Former La Quinta Resort Owner, Seeks Bankruptcy in New York
(DBN)

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Alternative Energy:

Van Maker VPG Joins Fisker as Obama Green-Car Lending Failures
(DBN)

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Tax:

Senator's attack on tax-dodge law gains some support
(DBN)

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Trucking:

Some fear Pilot Flying J mess could drain Haslam financially
(DBN)

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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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Bankruptcy Filings Over the Next 12 Months
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Bill on Bankruptcy: Lehman Test Case on Judicial Nullification
(DBN)

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Plan Confirmation:

Successful Collateral Valuation Perhaps Key to Plan Objections
(DBN)

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Avoidance Actions:

Avoidance Actions Are Not Property of Estate That the Trustee Can Sell Pursuant to § 363(b)
(DBN)

Preference Double Feature: You Win Some, You Lose Some!
(DBN)

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Claims:

Bankruptcy Claims vs. Class Actions: Southern District of New York Finds Class Action Process Superior
(DBN)

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UCC:

Now That’s What I Call Reasonable! Collateral Dispositions Under Article 9 of the UCC
(DBN)

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Liens:

Chapter 20 Lien Stripping Goes to Circuit
(DBN)

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Bankruptcy Compensation:

Will American Airlines CEO Pocket $20 Million Severance Payment? BAPCA § 503(c)Restrictions on Insider Severance Have No Teeth in Plan Confirmation
(DBN)

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Sales:

363 Sales: Watch It – A Good Faith Deposit May Not Be As Reliable For Protection As You Thought
(DBN)

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Insurance:

Insurance Coverage for Ponzi Scheme Losses?
(DBN)

MBIA settles with Societe Generale for $350 mln - source --- Deal Ends Case over MBIA Restructuring
(DBN)

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Awards:

Greenberg Traurig’s Professor G. Ray Warner Receives ABI Service Award
(DBN)

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Corporate Governance:

Why CEOs Resign
(DBN)

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Aviation:

American Airlines Reorganization Plan Takes Flight; Vows ‘Full Recovery by Creditors’
(DBN)

Teamsters file to represent US Airways mechanics
(DBN)

FAA scraps plan to cut certain overnight tower operations
(DBN)

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Telecoms:

US court refuses to hold up Nortel $7.3bn cash trial for appeal
(DBN)

FCC Chief Sees LightSquared Getting Cleared for Airwaves
(DBN)

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TBTF:

Are Banks Too Big To Tolerate?
(DBN)

Big Banks Push Back Against Tighter Rules
(DBN)

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Banking:

Cornerstone Research Releases Failed Bank Litigation Update --- FDIC Lawsuit Filings in 2013 at High Levels
(DBN)

FDIC's 'Problem' List Populated by Tarp Banks
(DBN)

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UK:

Wragges to outsource staff and cut up to 30 jobs in support restructuring
(DBN)

Betsey Johnson considered bankruptcy cover-up
(DBN)

Kerry Katona 'Cash Lady' ad banned after complaints --- Never mind the ads, can't we ban the loan sharks?
(DBN)

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EU:

Street Artists Take on the Euro Crisis
(DBN)

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PIIGS:

Drumm bankruptcy trial delayed again in Boston --- New measures unveiled to relieve pressure on Irish borrowers --- Banks won't call all the shots during insolvency --- Decline in number of firms liquidated
(DBN)

Spanish bankruptcies rise by 20% in Q1 2013: Official data --- Spanish football’s harsh reality check
(DBN)

Spain's Realia takes steps on debt restructuring
(DBN)

Greek finance minister: Economic recovery in sight
(DBN)

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Mexico:

Mexico push for easier foreclosures, cheaper loans
(DBN)

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MENA:

Spectre of bankruptcy haunts Egypt
(DBN)

Dubai Group sees $10 bln restructuring in six weeks
(DBN)

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Australia:

Tinkler Creditor Seeks to Push Holding Company to Bankruptcy --- Tinkler, wife face threat
(DBN)

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