November 14, 2013

The Daily Bankruptcy News

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Law:

Big Law Still Needs to Get a Lot Smaller
(DBN)

Citi Report Reveals A Mixed Bag For Law Firms
(DBN)

Show ‘true grit’ and stop complaining, author advises women lawyers
(DBN)

General counsel going it alone, not impressed with law firm changes
(DBN)

Business of Law
(DBN)

Firms Struggling With High-Maintenance Rainmakers
(DBN)

UK: The law firms with the most female lawyers and the law firms with the fewest
(DBN)

Are 85 Percent of Law Schools Really Losing Money?
(DBN)

Kramer Levin to bring in John P. Coffey as chair of complex litigation group
(DBN)

Mike Ciresi: Lawyer behind Mondelez win for $2.23 billion in damages from Starbucks
(DBN)

The Aspiring Lateral: The Business Side
(DBN)

New Partner Watch: Another Big Partner Class At Cravath
(DBN)

For Law Firms, Demand Remains the Problem --- Study: Demand for Legal Work Down 5 Percent This Year
(DBN)

Davis Polk to £100K ($160K) In London
(DBN)

10 Questions with Jami Wintz McKeon from Morgan Lewis
(DBN)

7 Signs You’ve Been Doing Document Review Too Long
(DBN)

Patton Boggs, Locke Lord reportedly look at merger
(DBN)

Why Traits That Make Good Lawyers Also Make Good Addicts
(DBN)

Hell Hath No Fury Like Law Students Ignored
(DBN)

Why are so many law students selling their pants online?
(DBN)

There Are Better Things To Say Than 'You're Welcome'
(DBN)

Essential Qualities Of Highly Promotable Employees
(DBN)

Edward Snowden's Russian Lawyer: He's Almost Broke
(DBN)

Juvenile charged with intimidating witness on Twitter
(DBN)

Lawyer: Here's Why You Should Always Take A Breathalyzer — Even If You've Been Drinking
(DBN)

Man Impersonates Cop to Get Discount on Donuts
(DBN)

This is why we can't have nice things
(DBN)

New Details About Area 51 Emerge From Declassified Documents
(DBN)

Teen Kills Mom, Cripples Dad After Being Sent to Anger Management Class
(DBN)

Police Use Taser on Man for 42 Seconds Straight
(DBN)

Man Accuses Woman Of Writing 'Insane' Attack Blog After Bad Breakup
(DBN)

Top Police Official Makes Shocking Comment: 'If You Can't Prevent R---, You Enjoy It'
(DBN)

Rob Ford Was Asked if He Bought Drugs Recently....
(DBN)

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Judges:

Federal Bankruptcy Judge Appointed for Nevada
(DBN)

Warren: Republican Senators Are Trying to 'Nullify' the 2012 Election --- Warren calls for filibuster changes
(DBN)

Why Does The GOP Have A Problem With These People?
(DBN)

Federal Judge Generously Offering No Pay For Clerkship
(DBN)

Propane-tank IED blows up at DA’s office, closing offices and courts
(DBN)

The continuing saga of the poo bomber
(DBN)

Ouster of 3 federal appeals court judges sought by plaintiffs in hard-fought NYC stop-and-frisk case --- Not with a bang but a whimper --- Appeals court meets stop-and-frisk judge halfway
(DBN)

Preliminary hearing takes place in a parking lot with accused sitting in a taxi
(DBN)

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Wall Street:

Stocks : Set to hit fresh highs --- US Stock-Index Futures Rise as Yellen Supports Stimulus
(DBN)

Dow, S&P end at record highs on Macy's, Yellen
(DBN)

Gundlach: The US Stock Market Is The 'Only Game In Town'
(DBN)

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Layoffs:

10 Jobs With The Biggest Pay Increases
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Black Friday 2013: The thrill is gone -- but the deals are back?
(DBN)

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Alternative Energy:

Judge Halts Sale of Idaho Solar Panel Plant
(DBN)

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Autos:

GM stock rises as government sells off more shares --- US Sells Off One Third of Remaining GM Stock
(DBN)

For lenders, more alarms from CFPB --- Goal for CFPB chief: Calming conflict on car loans --- Lender group, aiming to refute CFPB , launches auto finance study
(DBN)

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Celebs:

Free From the Shackles of Bankruptcy, Mike Vick Now Owns a Fleet of 5 High-End Cars
(DBN)

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Electricity:

Longview Power Files Chapter 11 Debt Restructuring Plan
(DBN)

Bankruptcy judge hears case for removing Southern's trustee --- Judge 'reluctant' to remove power co-op trustee
(DBN)

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Hedge Funds:

FX Concepts Founder On Hook for Firm’s Debt
(DBN)

Bankrupt FX Concepts To Sell Intellectual Property
(DBN)

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Corporate Reform:

Goldman Working to Comply with Volcker Rule
(DBN)

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Debt Collection:

CFPB Director Cordray: Debt Collection Information is a Top Concern --- CFPB Begins Comprehensive Rulemaking Process on Debt Collection
(DBN)

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Politics:

Warren vs. Clinton in 2016? Don't buy it --- The Clinton vs. Warren fantasy: Why progressives shouldn’t get distracted
(DBN)

How Elizabeth Warren Can Bring Wall Street's Nightmare to Life
(DBN)

Attorney: Goal was to save Trenton Mayor Tony Mack's State St. house in bankruptcy case
(DBN)

9 in 10 Say Washington DC is Out of Touch
(DBN)

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Economy:

CBO Warns of Headwinds to Economic Recovery
(DBN)

Janet Yellen Faces The Senate — Here's Everything You Need To Know --- Here's What the Senate Should Ask Yellen, But Won't --- What to expect in Yellen hearing: El-Erian
(DBN)

For Yellen, Fed's Dual Mandate Guides Thinking
(DBN)

Yellen Says Economy Performing 'Far Short' of Potential
(DBN)

Yellen comments spur rally in world shares, bond yields fall
(DBN)

Economists Are Starting To Wonder Whether The US Economy Can Ever Again Grow Like It Used To
(DBN)

Investment Manager Explains Why 99.5% Of Americans Can Never Win
(DBN)

'Psychic' Consultants Are Making A Killing During The Bad Economy
(DBN)

Number of Those Giving Up Citizenship Rises
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

ResCap Seeks Approval of Settlement
(DBN)

Fewer US homes repossessed by lenders in October
(DBN)

Settlement appears likely in Fontainebleau Las Vegas bankruptcy case
(DBN)

Impostor Landlord Rents Out Someone Else's Home
(DBN)

___________

Municipalities:

Detroit wants to keep bankruptcy debt deal fees secret --- Detroit Unions Push City to Disclose Bankruptcy Loan Fees
(DBN)

City, creditors spar over meaning of 'good-faith' negotiations
(DBN)

Detroit Union Seeks Automatic Appeal of Any Bankruptcy Order
(DBN)

Detroit wants lawsuits to proceed
(DBN)

Detroit's decision to fend off bankruptcy : pay pensions or banks?
(DBN)

Donors pitched to aid DIA, pensions --- Could Private Donors Save DIA and Pensions?
(DBN)

Kevyn Orr touts improvements to Detroit's finances, but says DIA art, pensions still on the table
(DBN)

Mike Duggan recruits former police chief, former lawmaker to make case for restoring power to Detroit mayor's office
(DBN)

Union representing Detroit EMTs reaches contract
(DBN)

Detroit, creditors to define 'good faith' for bankruptcy judge --- Judge will soon decide whether Detroit will get bankruptcy protection
(DBN)

Brandon Marshall's bankruptcy insults anger Lions
(DBN)

Detroit bankruptcy: former city employees feel 'betrayed' by pension cuts
(DBN)

Judges: The True Pension Referees in Bankruptcy Cases
(DBN)

In Detroit, a little bus company survives and thrives
(DBN)

Detroit Reporter Drops F-Bomb on Live TV
(DBN)

California Land Grab Threatens City Finances Statewide
(DBN)

Bankruptcy judge to decide on CalPERS appeal by Friday
(DBN)

Puerto Rico Distress Spells Wall Street Opportunity
(DBN)

Ex-EDC chief being deposed in 38 Studios suit
(DBN)

Cities on the Brink
(DBN)

Big City Governments Are Still Struggling From the Recession
(DBN)

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Aviation:

AMR-US Airways Settlement Transformative: Butler
(DBN)

You'll pay for US Airways-American merger
(DBN)

Bankruptcy judge schedules Nov. 25 hearing to decide on DOJ settlement
(DBN)

Judge orders ‘friends’ to stand down in US Airways-American Airlines case
(DBN)

US Airways-American Airlines deal may mean higher prices -experts
(DBN)

Delta Urges DOJ to Include All Airlines in Merger Divestiture
(DBN)

Fitch: AMR/US Air Antitrust Settlement Positive for Industry
(DBN)

American Airlines municipal bonds take flight for U.S. mutual funds
(DBN)

Experts See Inconsistencies in DOJ’s Merger Deal With Airlines
(DBN)

Airline stocks soar on AMR, US Airways deal
(DBN)

10 Things To Expect From The American Airlines-US Airways Merger
(DBN)

Alitalia may push back capital boost deadline --- Alitalia expected to buy time on capital hike at board meeting
(DBN)

Bank going after Direct Air’s former owners for $25 million debt
(DBN)

____________

Health Care:

MedStar Washington Hospital cuts 300 jobs, cites mounting financial pressures
(DBN)

Interfaith Medical Center bankruptcy ruling on hold pending mediation
(DBN)

Westgate Nursing Home files for bankruptcy
(DBN)

Appraisal of $600,000 worth of items at Michael Brown’s Houston home includes mounted grizzly bear
(DBN)

The Next Obamacare Shoe To Drop: When Will Insurers Freak Out?
(DBN)

Democratic unity on Obamacare is collapsing
(DBN)

Smiling Woman On Obamacare Website Says She's Been Relentlessly Cyberbullied --- 'Mystery Girl' Is Not a US Citizen
(DBN)

Troubled HealthCare.gov unlikely to work fully by end of November, as White House vowed
(DBN)

27,000 bought insurance via HealthCare.gov --- Health care enrollments fail to meet low expectations
(DBN)

Republicans Try To Shame Obamacare With Their New Apple Commercial Parody Videos
(DBN)

No Hope Left for Obamacare’s Website, Techies Say
(DBN)

Only 1% of Massachusetts Cancellations Have Enrolled for ObamaCare
(DBN)

Dems give Obama ultimatum: Fix health plan cancellations by Friday
(DBN)

____________

Hotels:

Bankrupt Naniloa Volcanoes Hotel being sold to developer-artist duo
(DBN)

____________

Entrepreneurs:

The Impossible Sophie's Choice That Had Elon Musk On The Verge Of A Nervous Breakdown
(DBN)

Don't Waste Mark Cuban’s Time With Your Long Business Backstory
(DBN)

7 Things Great Entrepreneurs Don't Do
(DBN)

____________

Tax:

Tax-Evasion Law Targets Offshore Accounts
(DBN)

___________

Credit Cards:

How a $2 Debt Turned into $90,000
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 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:

Interactive Bankruptcy Statistics Map
(DBN)

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Chapter Catch 22:

Global Aviation Case Stalled by Back-to-Back Bankruptcies
(DBN)

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Reclamation:

Delaware Bankruptcy Court Cuts Off Electricity Providers’ Access to Section 503(b)(9) of the Bankruptcy Code
(DBN)

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Claim Allowance:

Claim Disallowance and Lien Avoidance: A Distinction with a Difference
(DBN)

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Secured Debt:

Sixth Circuit Court of Appeals Rules that Collateral Proceeds Do Not Include Accounts
(DBN)

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UCC:

Is Your Lien Perfected? Recent Changes To The UCC Affect How To Determine The Correct Name Of An Individual When Filing A UCC Financing Statement
(DBN)

____________

Recent Pleadings:

Reorganized Rotech Slams Baker & McKenzie's $1M Equity Committee Fee Request - Says No Value
(DBN)

______________

Mass Torts:

Asbestos Bill Pushed by Honeywell Advances Passage in House --- House votes to increase asbestos claim disclosures --- House Passes Bill That Would Open Asbestos Trusts To Scrutiny --- Asbestos bankruptcy trust bill – FACT Act – passes House --- White House rejects asbestos bill
(DBN)

Congress Mulls Law Opening Asbestos Trusts To Scrutiny
(DBN)

Asbestos bill foes speak out
(DBN)

____________

TBTF:

Clinton's Solution for Too Big for Jail Banks
(DBN)

____________

Fraud:

Madoff Ex-Accountant Tells Jury Aide Helped Fudge Taxes
(DBN)

Businessman settles suit with Fair Finance bankruptcy trustee
(DBN)

SAC Manager’s Trial Next Week May Offer View Inside Fund
(DBN)

____________

Tech:

NY electronics maker emerges from bankruptcy with new name, management
(DBN)

____________

Food/Beverage:

Costco wants peanuts back
(DBN)

Burger King Blames Disgruntled Employee For 'Now Hiring Must Be Mexican' Sign
(DBN)

____________

Environmental:

Luca bankruptcy reveals bonding issues
(DBN)

____________

Corporate Governance:

Despite Forum Selection Clause, Del. Chancery Court Declines to Enjoin Louisiana Action
(DBN)

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UK:

Pre-packs and the "new and improved" SIP 16
(DBN)

Bank of England's Carney sees improved outlook
(DBN)

'Bankrupt billionaire' Scot Young offered estranged wife £300m settlement four years ago, court told --- £300m divorce offer to estranged wife was a joke, says bankrupt husband
(DBN)

Slaughters slammed for 'club mentality' fee approach in Hellas administration
(DBN)

Barclays compliance chief quits following period out due to exhaustion
(DBN)

452 Blockbuster staff to lose jobs
(DBN)

____________

EU:

EU Directive Battles Insolvency Epidemic
(DBN)

Euro Gains on Speculation ECB Won't Embrace Easing
(DBN)

Bankers urge ECB to avoid pitfalls of past stress tests
(DBN)

Euro Zone Economy Stagnates as Growth Slows in Germany
(DBN)

France Is Contracting And Germany Is Slowing Down Again
(DBN)

____________

PIIGS:

Spanish appliance group Fagor files for bankruptcy
(DBN)

Facts on Seán Dunne bankruptcy not new, court told --- NAMA wife handed living expenses of €9,000 a month to keep her in D4
(DBN)

Apple Accused of Hiding More Than $1 Billion From Italy's Taxman
(DBN)

____________

Canada:

Auto Plants in Canada Have Cost Advantage
(DBN)

Rob Ford's St. Patrick's Day: Half a Bottle of Vodka and Lines of Coke
(DBN)

____________

Germany:

German Economists Join Country's Chorus of Critics
(DBN)

EU starts investigating German current account surplus
(DBN)

Germany's economic engine
(DBN)

____________

Argentina:

Why Argentina Is In The Middle Of A Seemingly Inescapable Economic Demise
(DBN)

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