November 11, 2013

The Daily Bankruptcy News

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Law:

Fried Frank lays off 29 support staffers in NYC and DC
(DBN)

Does The Law Have to Protect Wusses?
(DBN)

Big Law Mergers Fuel Skepticism
(DBN)

Business of Law --- Business of Law (2)
(DBN)

Recently Announced Law Firm Mergers Could Create Cascade of Lateral Moves
(DBN)

McKenna Merger Sparks Internal Doubts
(DBN)

The new law firm cash cow: professional athletes?
(DBN)

Is Axiom the Bellwether for Disruption in the Legal Industry?
(DBN)

A Law Firm's Global Reach Isn't Always Clients' Priority
(DBN)

Madonna Doesn't Dress Her Age. Why Should You?
(DBN)

Legal Jobs Report: October --- Legal sector loses jobs after three months of gains
(DBN)

Horrible Job Watch: Surprisingly Honest Terrible Job Offer
(DBN)

Manhattan's Jones Day Re-locates Downtown - Closer to Wall Street clients
(DBN)

2013 Am Law Tech Survey: Firms' Data Security Fears Rise
(DBN)

A Good Week For Alumni Giving
(DBN)

In Defense Of Dean Lawrence Mitchell
(DBN)

Does Case Western Dean Really See Himself as a Dictator?
(DBN)

Dean Frank Wu on Shrinking Law Schools --- Private Colleges Join Law Schools in Facing Shakeout
(DBN)

Legal Education Is Innovating by Educating More Non-JD Students
(DBN)

Why Would Admissions Offices Think the LSAT Nosedive Is Temporary?
(DBN)

Redemption is Possible for Disgraced Journalist Seeking To Practice Law
(DBN)

Apple's Working On iPhones With Big, Curved Screens And Pressure-Sensitive Touch Sensors
(DBN)

The Best iPad Apps For Kids
(DBN)

Face to Face: Free Video Chat Options
(DBN)

'Walter Mitty' lawyer who faked qualifications forced to quit
(DBN)

Dechert Hit With Overcharging Claim
(DBN)

Incognito gives first interview --- Building Character the Richie Incognito/Ron English Way --- Dolphins fend off questions about harassment case --- Miami Dolphins Player Says He Got A Threatening Text From The Guy Who Was Allegedly Bullied --- Dolphins' Martin Faces Limited Legal Options If He Presses Bullying Claims --- Jonathan Martin, Future Gunner
(DBN)

75-year-old man arrested for drugs, prostitution in sweep at senior citizen complex
(DBN)

Las Vegas Installs 'Intellistreets' Light Fixtures Capable Of Recording Conversations
(DBN)

Who Is The Best Divorce Lawyer Around?
(DBN)

Man dies after mistaking $56K of crystal meth for health drink
(DBN)

Thieves steal, r--- woman's dog
(DBN)

Undercover Cop And 10 Other Bikers Indicted
(DBN)

Judge bars woman from Twitter
(DBN)

Neuroscience criminal defense emerges: ‘my brain made me do it’
(DBN)

At Nelson Mullins' Festival, Kids Play as Adults Network
(DBN)

Is This Father Unfit For Not Taking His Four-Year-Old To McDonald’s?
(DBN)

School Kids In A Small New York Town Are Allegedly Tormenting Jewish Students
(DBN)

DMV Official Pleads Guilty to Giving Driver's Licenses to Hundreds of Illegals
(DBN)

Homeowner claims he accidentally killed teen said to be looking for help, police say --- Questions About Renisha McBride’s Tragic Death
(DBN)

Former prisons get reinvented as chic hotels
(DBN)

DC Trying to Put Frequent 911 Caller Under Guardianship
(DBN)

Family rescues kidnap victim, kills abductor
(DBN)

Homeless man finds $850, turns it in and gets benefits cut for his honesty
(DBN)

Caught on camera: Disturbing moment man, 25, is surrounded by five police officers and Tasered for 'being drunk'
(DBN)

______________

Judges:

New Judge Appointed to U.S. Bankruptcy Court for Nevada
(DBN)

Ex-Judge/DA to Serve 9 Days in Jail --- Ex-DA takes plea in wrongful conviction case: 10 days, community service, $500 fine and disbarment
(DBN)

Rattlesnakes add extra oomph to courthouse keep-off-the-grass signs
(DBN)

Stop-and-frisk case judge makes new bid to end legal fight --- Ousted stop-frisk judge's lawyer slams NYC motion
(DBN)

Was Ginsburg fan a pest? Dear Prudence weighs in
(DBN)

Understanding The History Of The Clerkship Timing Issue
(DBN)

Charlie Sheen breaks gagging order, calls judge "a--- brain"
(DBN)

______________

Wall Street:

US Stock -Index Futures Little Changed After Stock Rally
(DBN)

US stocks gain on advancing jobs report; Dow up 0.98%
(DBN)

9-Year-Old Who Rang The Opening Bell Writes Awesome Thank-You Note
(DBN)

Socgen: This Is It For The Stock Market
(DBN)

______________

Layoffs:

Are New Jobs Good Jobs?
(DBN)

U.S. Payroll to Population Rate Increases Slightly in October
(DBN)

What’s Going On With the U.S. Labor Force?
(DBN)

Surprisingly High-Paying Blue Collar Jobs
(DBN)

The 15 Best Internships In America
(DBN)

6 Companies That Cut the Most Jobs in October
(DBN)

Improving Employment Masking Problems
(DBN)

The U.S. labor force is still shrinking. Here’s why.
(DBN)

The Workforce Is Even More Divided by Race Than You Think
(DBN)

Why Every Robot Should Love the Senate's New Minimum Wage Bill
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Never-Before-Seen Video Of Steve Cohen Sounding Confused About Insider Trading Laws During A Deposition
(DBN)

SAC Pleads Guilty, But Deal Is Far From Done
(DBN)

SAC Judge Delays Decision on Insider-Trading Plea --- Plea deal on ice
(DBN)

Cohen's Trades Won't Be Part of Steinberg Trial, US Says
(DBN)

Kim Rothstein Files For Divorce
(DBN)

____________

Video Rentals:

Can Video Rental Survive? Meet Blockbuster's Last Man Standing
(DBN)

Should We Be Glad Blockbuster's Gone?
(DBN)

____________

Distressed Investing:

Treasure Hunters of the Financial Crisis
(DBN)

____________

Gambling:

Revel in Atlantic City Mulls Sale 6 Months After Bankruptcy Exit --- To pursue strategic alternatives
(DBN)

Atlantic Club casino, in bankruptcy, is seeking buyers --- Atlantic Club casino OKd to operate in bankruptcy
(DBN)

____________

Coal:

Patriot eyes bankruptcy emergence next month
(DBN)

US miner Patriot Coal's sales volumes drop on weak markets
(DBN)

Can James River Coal Avoid Bankruptcy?
(DBN)

____________

Rail:

$3M Loan Allows Montreal, Maine & Atlantic Railway to Continue Operations Through Sales Process, Rehire U.S. & Canadian Workers
(DBN)

____________

Buses:

NYC's biggest school bus operator files for bankruptcy protection, has until end of year to sort things out
(DBN)

____________

Orchestras:

Brooklyn Philharmonic may face bankruptcy
(DBN)

____________

Tech:

Velti Announces Agreement to Sell Mobile Marketing Businesses
(DBN)

____________

Hollywood:

Bergstein: Everyone Wants to be in the Movies
(DBN)

____________

Hotels:

Hotelier files for bankruptcy on 7 properties
(DBN)

____________

Cemeteries:

Trustee: Groups Interested in Running AL Cemetery --- 4 companies interested in buying bankrupt Carver Memorial Gardens
(DBN)

____________

Media:

GateHouse wins approval of plan for quick bankruptcy exit
(DBN)

____________

Economy:

Fed’s Lockhart: Aggressive Monetary Policy Stimulus Needed for Some Time to Come --- Fluky Jobs Report Keeps December Fed Action in Play, But Not Settled
(DBN)

Yellen to get quizzed as taper-timing debate rages --- This Is the Biggest Mistake Republicans Make About Janet Yellen
(DBN)

The Great Recession and Older Workers
(DBN)

October nonfarm payrolls up 204,000 vs. 120,000 estimate; unemployment rate at 7.3% vs. 7.3% estimate --- Temporary Laid-Off, Now Back to Work ---- Highlights From the October Jobs Report --- Five Takeaways from October Jobs Report --- Jobs Strength Puts Fed on Hot Seat --- Bernanke, other policymakers point to weakness in labor market?
(DBN)

Bernanke: Why the 2008 crisis was a lot like the Panic of 1907
(DBN)

Why Next Month’s Jobs Report Will Be More Important
(DBN)

Little Lasting Shutdown Impact Seen on Labor Market
(DBN)

End of Shutdown Doesn’t Boost Consumers’ Moods
(DBN)

When Is the Next Financial Crisis?
(DBN)

Here's Why Rising Interest Rates Won't Crush Corporate Profit Margins
(DBN)

Which of the 11 American Nations Do You Live In?
(DBN)

19 Signs We're in a New Bubble
(DBN)

Class 8 Truck Orders Strong in October
(DBN)

Is The World About To Get Hit By Another Huge Wave Of Central Bank Liquidity?
(DBN)

How many Americans actually believe the earth is only 6,000 years old?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage Delinquencies Hit Five-Year Low
(DBN)

Home Price Surge: Top Ten States
(DBN)

DeMarco: People Are Forgetting Why Fannie, Freddie Failed
(DBN)

BofA Should Pay $863 Million in Fannie Mae Case: U.S.
(DBN)

BofA Says ‘Fat Kid’ Mortgage-Bond Case Should Be Tossed
(DBN)

Wall Street figured out how to securitize your rent. Should you worry?
(DBN)

NAR Sees Home Prices Rising in 2014, Rates Jumping to 5.4%
(DBN)

Title Company Escrow Check: Now You See It, Now You Don’t
(DBN)

Legal hurdles hinder Colony comeback
(DBN)

The 15 Most Expensive Housing Markets In America
(DBN)

Here Are The 14 Most Affordable Housing Markets In America
(DBN)

The Most Expensive Celebrity Homes On The Market Right Now
(DBN)

Manhattan's Priciest Condos Now Average Nearly $5,500 A Square Foot
(DBN)

Closing attorney indicted in claimed mortgage-fraud and identity-theft scheme
(DBN)

LGI Homes IPO Mediocre on Day One
(DBN)

Milwaukee-area developer Michael Dilworth files for Chapter 11
(DBN)

____________

Municipalities:

Bond insurers sue Detroit over Oct. 1 bond default--- Insurers want bankruptcy judge to safeguard funds intended for debt
(DBN)

Mike Duggan: 'Enormous weight on my shoulders to deliver the services I promised' --- Mayor-elect Duggan: Detroiters should expect 'immediate progress' under his leadership --- Many Rooting For Down-On-Its-Luck Detroit And Its New Mayor --- Duggan, Orr must manage realities --- Stocking Duggan's Cabinet: He's not naming names, but others are making predictions --- Mike Duggan, Kevyn Orr meet to discuss new Detroit mayor's role
(DBN)

Interview: Bing says bankruptcy 'inevitable' --- But state could have helped more --- Attorneys: State didn't seek Detroit bankruptcy
(DBN)

Orr stops retiree health care changes, restarts talks with retiree committee
(DBN)

Lawyers wrap case in Detroit bankruptcy trial --- Detroit bankruptcy case ends in tense exchange --- Detroit awaits ruling on bankruptcy eligibility as trial ends --- Lawyers representing EM make final case
(DBN)

Mediator gave foundation leaders 'clear picture of potential' of Detroit bankruptcy
(DBN)

Detroit Bankruptcy Case Turns on Issue of Good Faith --- Can Detroit bankruptcy proceed? What the judge must (and might) consider --- Detroit's Pension Offer Not Serious, Adviser Robins Says
(DBN)

Four Months After Bankruptcy, Michigan Leaders Reframe Detroit as America's Comeback City --- Snyder: Detroit's comeback 'has been going on for years'
(DBN)

Time for Detroiters to put pride aside
(DBN)

Detroit Residents as Abandoned as Their Homes
(DBN)

DPS debt swells $18.7M, looks at cutting costs
(DBN)

Leaders of Michigan cities want more secure revenue, bankruptcy forum shows
(DBN)

Detroit retiree health coverage OK through February
(DBN)

Detroit nears deadline to clear lawsuits in bankruptcy case
(DBN)

Detroit's bankruptcy brings up more than finances
(DBN)

Jefferson County asks for two lawsuits to be dismissed
(DBN)

Jefferson County asks bankruptcy judge to approve creditor agreements
(DBN)

JeffCo salvages exit, so what happens now?
(DBN)

Desert city finances not so hot --- Desert Hot Springs, California, May Weigh Bankruptcy --- $3M shortfall
(DBN)

Bankruptcy looming larger for Ozark Mountain Solid Waste District
(DBN)

Moody's warns that Scranton could be facing default or bankruptcy
(DBN)

Former Bell official testifies at corruption trial
(DBN)

Act 47 plan slams city pensions
(DBN)

Disorder at City Hall is the order of the day in Stockton
(DBN)

Elections in bankrupt U.S. city usher in pension reformers, Calpers battle
(DBN)

Why invest in American cities?
(DBN)

Municipal Distress: Lessons Learned And The Challenges To Come
(DBN)

____________

Celebs:

The Broke and the Beautiful: Playing Nice Edition
(DBN)

Judge in NY rejects DMX's bankruptcy filing --- Filing Thrown Out Of Court Over Inconsistencies --- DMX back on the hook for child support and debts
(DBN)

Mike Tyson opens up about bankruptcy , s-- in jail
(DBN)

Broke Tori Spelling Shops Dean McDermott S-- Tape
(DBN)

An Isley Brother In Tax Court - Does Tax Crime Pay?
(DBN)

____________

Politics:

White Republican Wins ‘Long Shot’ Election After Leading Voters To Believe He’s Black
(DBN)

Philadelphia voters elect a Whig to public office for first time in 160 years
(DBN)

New Republic November Cover: Elizabeth Warren as Being John Malkovich --- Elizabeth Warren is Hillary Clinton's Nightmare --- The Ten Baddest Elizabeth Warren Clips Out There --- Elizabeth Warren NCLC Speech --- Warren Says U.S. Political System 'Rigged' by Special Interests --- Report fuels prospect of 2016 Elizabeth Warren run
(DBN)

____________

Retailing:

J.C. Penney Divides Distressed Funds From Avenue to Centerbridge
(DBN)

Black Friday gobbles up Thanksgiving — and grows into a 2-month season
(DBN)

A helping of holiday creep
(DBN)

Amazon offers Sunday deliveries with US Postal Service
(DBN)

The Amazon Mystery: What America's Strangest Tech Company Is Really Up To
(DBN)

____________

Health Care:

Census: Medical Expenses Put 10.6 Million Americans in Poverty
(DBN)

Meridian Health Group in Carmel enters bankruptcy
(DBN)

Michael Brown, hand surgeon who is bankrupt , dies after heart attack --- Reports: Suicide note, more than $16K found at Michael Brown’s Fla. home
(DBN)

Most Uninsured Americans Ignoring Health Exchange Sites
(DBN)

Blame game as insurers dump doctors
(DBN)

The Sad Truth on Obamacare's Contractors
(DBN)

Obamacare: Doctors on Hook for Deadbeats
(DBN)

Anyone Skeptical Of National Health Insurance Should Read This
(DBN)

U.S. Obesity Rate Climbing in 2013
(DBN)

____________

Compensation:

A Proposal To Limit Swiss Executive Pay To 12 Times That Of Low-Paid Employees Has Fat Cats Worried
(DBN)

____________

Agriculture:

Farmers seek $75K from defunct grain company
(DBN)

____________

Telecoms:

Ex-Omnicity CEO blames bank for bankruptcy filing
(DBN)

____________

Apparel:

100 Factories Close, As Garment Worker Protests In Bangladesh Turn Violent
(DBN)

____________

Mass Torts:

Beware the Lawsuit Industry's 'Naked Gun' Campaign to Fight the FACT Act
(DBN)

____________

Publishing:

How Daredevil and Jessica Jones Saved Marvel From Bankruptcy
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (42 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 Reform:

Video: November 7 Bankruptcy Reform Commission Meeting
(DBN)

____________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Cross-Border:

COMI or Not COMI: Timing Is the Question
(DBN)

____________

Preemption:

Unpredictable Preemption: New Jersey Bankruptcy Court Says Bankruptcy Code (Sometimes) Trumps State Rules on Collection of Prepetition Fees
(DBN)

____________

TBTF:

NY Fed President: Some Wall Street Banks Are Just Morally Bankrupt
(DBN)

Ending Too Big to Fail
(DBN)

____________

Litigation:

Best Practices Report on Electronic Discovery (ESI) Issues in Bankruptcy Cases
(DBN)

____________

Corporate Reform:

How the Justice Department exaggerates its financial prosecution claims
(DBN)

Whatever Wall Street Banks Have Put Aside For Lawsuits, 'They'd Better Double It'
(DBN)

Bernanke: Regulators Have Taken Steps to Limit Excessive Risk Taking
(DBN)

Enforcer in chief: A conversation with Robert Khuzami
(DBN)

New York Said to Seek $100 Million-Plus Over Ex-AIG Units
(DBN)

CFPB Puts Lawyers in Cross Hairs
(DBN)

____________

Personal Finance:

When Personal Financial Disaster Hits Home
(DBN)

How To Squeak By On $5 Million
(DBN)

Can Suze Orman Save America?
(DBN)

____________

Mail:

US Postal Service to deliver Amazon packages on Sundays
(DBN)

____________

Food/Beverage:

Attorneys suing Horvaths over unpaid legal fees
(DBN)

Guy's emerges from bankruptcy; owners fall into lawsuit
(DBN)

Sriracha Founder: Factory Shutdown Could Have Led To Bankruptcy
(DBN)

Allens Inc. Sells Properties as Bankruptcy Fees Stack Up
(DBN)

____________

Finance:

Wall Street feeds the ravenous debt beast again
(DBN)

____________

Aviation:

Divest flight slots at Reagan National - Southwest , JetBlue to AMR
(DBN)

AMR says October unit revenues up 6.6 percent
(DBN)

How Terrible Is Spirit Airlines, Really?
(DBN)

Flybe expands restructuring , expects 500 job cuts
(DBN)

Alitalia 'has other options' than Air France
(DBN)

____________

Autos:

Franchise Services of North America Inc. provides update on Simply Wheelz LLC bankruptcy proceedings
(DBN)

____________

Tax:

Judge Faults Tax Agency's Delay in Ending Garnishment
(DBN)

Can Severance Pay Be Taxed?
(DBN)

____________

Alternative Energy:

Why hasn’t cellulosic ethanol taken over, like it was supposed to?
(DBN)

____________

Sovereigns:

Group of Argentine bondholders plan 'private debt swap' to holdouts
(DBN)

____________

UK:

Tycoon Scot Young at centre of Britain’s most high-profile divorce accused of engineering 'sham' bankruptcy to hide vast wealth
(DBN)

Falconer: demise of generalist high street law firms “inevitable”
(DBN)

Management loses out in LSH rescue
(DBN)

Harris Cartier creditors "likely" to suffer shortfall
(DBN)

The Crazy Gap Between London And Everywhere Else In The UK
(DBN)

Newspaper columnist at heart of plagiarism row is a lawyer
(DBN)

____________

EU:

Euro Zone's Fizzling Growth Seen to Back Draghi Cut Case
(DBN)

____________

PIIGS:

Mystery as 'penniless' McFeely settles €24000 debt --- Nobel economist Stiglitz: 'I'm astonished at Irish ability to suck up austerity pain' --- Ireland Insolvency Overview --- Bailed-out bank takes over failing credit union
(DBN)

Portugal Rating Outlook Revised to Stable by Moody's on Economy
(DBN)

Greek government survives no confidence motion --- Job losses outpace hirings by almost 35,000 in October
(DBN)

EU Commission received Monte Paschi's restructuring plan Monday
(DBN)

____________

Canada:

EastCoal Inc. Files a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act
(DBN)

BlackBerry Ltd isn’t the first Canadian tech company to go from rockstar to (near) ruin | Financial Post
(DBN)

____________

Germany:

German blueprint for group insolvencies
(DBN)

____________

France:

Anti-tax revolt spreads in France
(DBN)

French Government To Borrow $6B To Settle Debts From Credit Lyonnais Bankruptcy
(DBN)

S&P Downgrades France's Debt Again, to Third Tier, Halfway to Junk
(DBN)

____________

China:

China Holds Conclave Over Economic Reforms
(DBN)

Fed’s Williams: Bubble Risks Rising In China Economy
(DBN)

Suntech Tops Slump on Restructuring Woes
(DBN)

A fading Suntech
(DBN)

China to let private investors hold up to 15 pct in state firms
(DBN)

____________

Venezuela:

Venezuelan military seizes major retail chain
(DBN)

Venezuelan shoppers amass outside seized stores
(DBN)

____________

Philippines:

Typhoon Haiyan ravages the Philippines --- 'World's biggest storm' hits Philippines --- Survivors 'walk like zombies' --- Devastating Pictures --- 1,000 bodies floating in one town --- U.S. Sends Marines To Help
(DBN)

____________

Brazil:

Is Brazil in an ‘Astrological Hell’?
(DBN)

Eike Batista’s shipbuilding company OSX to file for bankruptcy
(DBN)

OSX Bonds Backed by $800 Million Ship Rally Before Bankruptcy
(DBN)

Brazil's Batista Replaces OSX's CEO and OKs Bankruptcy Protection Filing
(DBN)

____________

Australia:

Examinations by foreign representatives in cross border insolvency cases
(DBN)

How AFL star Brendan Fevola lost his fortune
(DBN)

Minters loses insolvency expert to single-office firm
(DBN)

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