October 18, 2013

The Daily Bankruptcy News

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Law:

General Counsel Increasingly Dumping The Top Biglaw Firms
(DBN)

BigLaw: Is it losing its branding monopoly because of pricing?
(DBN)

Associates at Linklaters spin-off may have to repay bonuses
(DBN)

Veteran Bankruptcy and Restructuring Lawyer Joins Morgan Lewis --- Glenn E. Siegel
(DBN)

Linklaters star private equity duo quit for White & Case after management showdown
(DBN)

Justice Department Lawyers Return to Work
(DBN)

Law grad gets 6 months in prison ‘boot camp’ for beheading Vegas casino’s exotic bird
(DBN)

6 things you should never say at work
(DBN)

7 More Ways To Pass The Time While Working At A Law Firm
(DBN)

The 21 Unbreakable Commuting Commandments
(DBN)

Sadly, Members Of The Public Aren’t Smart Enough To Understand The Law
(DBN)

Brooklyn Law School faces debt downgrade
(DBN)

Q&A: Cooley, Dow Lohnes Discuss Their Merger
(DBN)

Update on the Exodus From Weil in Dallas
(DBN)

5 Steps for Replacing Boxes of Documents With an iPad
(DBN)

SCOTUSblog iOS app now available
(DBN)

The Government Can Hold Your Money Hostage So You Can't Hire A Decent Lawyer --- Ideological lines blurred in SCOTUS arguments on right to challenge asset freeze
(DBN)

Elizabeth Smart Describes The Dizzying Moment A Homicide Cop Failed To Rescue Her At A Library
(DBN)

Two Convicted Killers Escaped A Florida Prison Using Bogus Legal Documents
(DBN)

The Seattle Police Blotter Is The One Law Enforcement Blog You Have To Follow
(DBN)

Lawyer once accused of Segway DWI now faces ethics complaint
(DBN)

Juror who flipped the bird at defendant is partner at elite law firm; will she stay on jury?
(DBN)

Woman charged with creating fake law firm
(DBN)

Gecko in law firm ads spurs Geico protest; deal to pull commercials is reportedly reached
(DBN)

Knife-Wielding Man Hijacks School Bus Carrying Elementary Students
(DBN)

Banksy Taunts Cops After Mayor Bloomberg Calls Him A Vandal --- Woman Whose Pug Tinkled on Banksy's Art: "Dogs Are The Original Taggers"
(DBN)

Dallas Cops Shoot Mentally Ill Man Standing in the Street
(DBN)

Say What?!
(DBN)

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Judges:

Richard Stair, veteran bankruptcy judge, won't seek reappointment to bench
(DBN)

Elena Kagan: Not all government is dysfunctional
(DBN)

The shut down is over, so why I am depressed?
(DBN)

Shutdown Averted, Courts Still Face Budget Woes
(DBN)

Roberts Court Cloaks Activism in Complexity
(DBN)

Woman charged with petty theft, accused of taking $2.87 from courthouse fountain
(DBN)

Man is accused of stealing from courthouse vendor as he was awaiting sentencing for theft
(DBN)

Budget deal provides ‘much needed lifeline’ for federal PDs and judiciary
(DBN)

Report: Former Pa. SC justice refuses to write apology letters
(DBN)

Thirty-one federal court facilities to be downsized
(DBN)

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Wall Street:

U.S. Stock Futures Little Changed After S&P 500 Record
(DBN)

Markets Are Drifting Higher Again
(DBN)

US stocks hit record high
(DBN)

Goldman slashes pay as revenue plunges --- The Goldman Sachs Trading Machine Broke Down In The Summer --- Goldman Shares Decline as Revenue Falls Most Among Peers --- Goldman Profits From Soon to be Banned Ways
(DBN)

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Layoffs:

Jobless Claims in US Fall Less Than Forecast on California
(DBN)

The 15 Most Desirable Employers In The World
(DBN)

The 10 Best Careers Right Now For Recent College Graduates
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pensions:

Prince Charles issues warning about pensions
(DBN)

The Risks For Private Equity In Companies With Underfunded Benefit Plans
(DBN)

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Celebs:

Denny Hecker's 4th wife sought $15M, settles for $100K
(DBN)

Mickey Rooney's Stepson Settles Suit, Owes Actor $2.8 Million
(DBN)

Opposing lawyers want to depose Casey Anthony in defamation suit --- Heated exchanged between lawyers at Anthony bankruptcy hearing --- Casey Anthony hearing in Tampa ends with no decision
(DBN)

Jodi Arias announces ‘limited edition’ prints of her latest jailhouse painting
(DBN)

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Furniture:

Thomas O'Brien seeks to end Hickory Chair license
(DBN)

High-end brands did better for Furniture Brands
(DBN)

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Retailing:

JCP Stock Slapped Around by JCPenney Bankruptcy Chatter
(DBN)

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Metals:

Ormet Gets Extension to File Bankruptcy Plan
(DBN)

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Hotels:

Betsy Hotel owner grabs neighboring South Beach hotel in bankruptcy
(DBN)

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Oil/Gas:

Norse Energy shuts down, unable to drill in NY
(DBN)

____________

Economy:

Weekly Jobless Claims Fall from Six-Month High
(DBN)

Shutdown deal averts catastrophe but leaves economy in peril
(DBN)

Government Gets Back to Business --- Relief around world as US avoids debt default --- U.S. Business Community Lukewarm on Shutdown Deal --- The government shutdown's toll by the numbers --- Here's How Much The Government Shutdown Cost The Economy --- Fifty-Fold Increase in Jobless Claims By Federal Workers During Shutdown --- Obama blasts opponents as government re-opens --- Republicans Lash Out At Tea Partiers For Causing 16-Day Crisis That Crushed The Party's Popularity --- Conservatives Are Already Gearing Up For Round II Of The Shutdown And Debt Ceiling Fights --- Obama To GOP: 'Go Out There And Win An Election' --- Obama says Americans 'completely fed up' with Washington --- 'There Are No Winners Here,' Obama Says --- The 144 Republicans who voted for a default --- Was GOP's Stance Worth the Price? --- Business Voices Its GOP Frustration --- The EPA Found A 16 Year-Old Can Of Soup In Its Fridge, Thanks To The Government Shutdown --- America’s Debt-Ceiling Debacle --- 11 Things That Would Have Cost Less Than The US Government Shutdown
(DBN)

Employee Morale, Productivity Are Casualties Of Federal Shutdown, APMA Director Says
(DBN)

Budget Panel Leaders Make No Assurances --- House Conservatives Gird for Next Fights
(DBN)

When Can We Expect Economic Data? --- The Hero of the Shutdown: Our Friend FRED
(DBN)

George: Fed Should Start to Cut Bond Buying, but Gradually
(DBN)

Evans: Fed To Remain Accommodative for Some Time to Come
(DBN)

Fisher Says Fed Stimulus Won’t Work Amid Fiscal Fog
(DBN)

Looking for Big Improvement in 2014
(DBN)

Forget Obamacare, the Market's Getting 'Bernanke-care'
(DBN)

Two Earnings Reports Perfectly Illustrate The Economic Divide In America
(DBN)

Obama: Here Are The Three Things That We Could Do To Fix Our Economy Right Now
(DBN)

Manufacturers Haven't Been This Optimistic In Over A Decade
(DBN)

Geithner, Paulson Deposed in AIG Case --- Geithner Feuds With Greenberg Over Book in AIG Bailout Suit
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home flipping gets fierce
(DBN)

Real Estate Haunted by Vampire Foreclosures
(DBN)

Average US rate on 30-year mortgage up to 4.28 pct.
(DBN)

Judge approves sale of Vogt Commons
(DBN)

San Diego Has Been One Of The Country's Hottest Housing Markets, And Now It's Really Starting To Slow Down
(DBN)

Colony Association parts ways with developer
(DBN)

___________

Municipalities:

California pension fund to appeal San Bernardino bankruptcy eligibility
(DBN)

Detroit makes other struggling cities look good to investors
(DBN)

Dave Bing won't take being benched quietly
(DBN)

Duggan would try to save DIA collection; Napoleon would sell it to avoid layoffs
(DBN)

Detroit City Council Nears Vote on Debtor-in-Possession Deal
(DBN)

Jesse Jackson, local leaders start petition against Detroit bankruptcy
(DBN)

MBIA Inc.: Puerto Rico reiterates intention to pay bills --- Puerto Rico Governor: We are not on verge of bankruptcy --- Fitch: Rocked Puerto Rico Muni Bonds Hold Tight
(DBN)

JeffCo resolution could be step toward bankruptcy end
(DBN)

Jefferson County Commission votes to terminate agreements with creditors; seeks about $350 million more in concessions --- Bankrupt Alabama county threatens to end workout plan
(DBN)

Jefferson County Bankruptcy Judge Rejects Sewer Claims
(DBN)

Troubled cities must reckon with Stockton's deal
(DBN)

Bankruptcy All About Politics Rather Than Math
(DBN)

San Bernardino Councilman Chas Kelley charged with perjury, resigns - Secretly recorded conversations with others for FBI
(DBN)

U.S. muni bond fund outflows rise to $1.3 bln
(DBN)

____________

Hedge Funds:

International Foreign Exchange Concepts Seeks Bankruptcy
(DBN)

____________

Tech:

IBM: Singing the Big Blues Again
(DBN)

____________

Health Care:

Obamacare woes need a paper cure
(DBN)

How much ACA enrollment is enough?
(DBN)

Huge Profits Leading To Surge In Cockroach Farming
(DBN)

____________

Coal:

Retirees say they are making progress in negotiations with coal mine
(DBN)

Peabody posts 3Q loss on weaker pricing
(DBN)

____________

Alternative Energy:

Car Charging Gets $230 Million EV System From Bankrupt Ecotality
(DBN)

Hong Kong Investor Likely to Buy Fisker
(DBN)

____________

Distressed Investing:

How to Invest in Distressed Debt
(DBN)

____________

Fashion:

Robbie Williams' fashion label goes bust
(DBN)

____________

Education:

The Most Conservative Colleges In America
(DBN)

The U.S. Public School System Is Becoming The Land of The Poor
(DBN)

____________

Lehman:

E&Y Cuts $99 Million Deal to Exit Lehman Investor Case
(DBN)

____________

Telecoms:

LightSquared Lost $55.5 Million in September, $934 Million Since Chapter 11 Bankruptcy Filing
(DBN)

Dish Network's LightSquared bid is part of a larger spectrum bet
(DBN)

____________

Batteries:

As Filing Deadline Looms, Focus Turns to Claims Against Exide
(DBN)

____________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Stanwich Clarifies Wagoner Rule in Fraudulent Transfer Cases
(DBN)

____________

Claims Trading:

Hedge Funds Seek to Trade in Comfort as Bankruptcy Insiders
(DBN)

____________

Recharacterization:

If It Walks Like Equity and Talks Like Equity, It … Might Actually Be a Loan?
(DBN)

____________

Fraud:

Bernie Madoff's Employees Allegedly Used His Office Fridge To Pass Off Falsified Documents --- Ex-Madoff Employee Wasn’t Aware of Fraud, Lawyer Says --- Madoff Was Like a God, Wizard of Oz, Lawyers Tell Jury
(DBN)

Madoff Employees Lied, Prosecutor Says at Trial
(DBN)

Steve Cohen's SAC Capital To Settle Criminal Insider Trading Case --- Record insider trading settlement --- Penalty Of At Least $1 Billion
(DBN)

Why The SEC Lost Its Big Case Against Mark Cuban --- Billionaire Mark Cuban wins SEC insider-trading case, calls lead trial lawyer for agency ‘a bully’
(DBN)

HSBC hit with record $2.46 billion judgment
(DBN)

____________

Aviation:

American Airlines posts third quarter profit --- Earns $289 million in third quarter, $530 million if you exclude bankruptcy-related items and special charges --- For a Bankrupt Airline, American Is Raking It In --- AMR Profit Seen Leading Airlines in Doubling Net on Revenue --- Could hurt merger plans
(DBN)

American Airlines stock takes off as cost cuts drive record revenue
(DBN)

Horton: 'Merger will make us stronger'
(DBN)

Air France CEO open to Alitalia merger --- Air France Demands Alitalia Overhaul Before Considering Merger
(DBN)

Alitalia rescue plans hit turbulence
(DBN)

Couple Fined $250 Each After Pleading Guilty To Having S** In Their Plane Seats
(DBN)

____________

Brokers:

Buyout takes MF Global scheme out of PPF assessment
(DBN)

____________

Soccer:

French football clubs threaten strike over 75 per cent super tax
(DBN)

Santander on the rocks after capital increase flop
(DBN)

____________

Banking:

A Bank's Ability to Set Off Customer Debt From Money Held in Trust
(DBN)

Barclays Executives Knew of Libor Lowballing, Suit Claims
(DBN)

____________

Electricity:

Creditors firm stance in bankruptcy of Texas' largest power provider
(DBN)

Environmentalists criticize EFH, regulators over mining reclamation
(DBN)

____________

Tax:

Swiss Bank Frey To Close Over IRS Investigation
(DBN)

____________

UK:

Landlords question OE restructuring process
(DBN)

Elderly could bankrupt welfare state, claims mobility tsar Alan Milburn
(DBN)

Low-cost air fares firm grounded by Insolvency Service
(DBN)

Small firms are the hardest hit by insolvency
(DBN)

KPMG Midlands named Regional Insolvency Practitioner Firm of the Year
(DBN)

NHS faces ' bankruptcy ' over ageing population
(DBN)

____________

EU:

Harmonising insolvency laws in Europe
(DBN)

____________

Brazil:

OGX may keep blocks under bankruptcy protection
(DBN)

Brazil's OGX in talks with Vinci, others for 'options'
(DBN)

____________

Japan:

Government disinclined to prod Tepco into bankruptcy : Abe
(DBN)

____________

Romania:

Romanian government controversially adopts the Insolvency Code
(DBN)

____________

Germany:

Praktiker in talks to sell insolvent German DIY unit to rival
(DBN)

Praktiker bondholders unlikely to get any money back
(DBN)

____________

Argentina:

Will Argentina Default Yet Again?
(DBN)

____________

China:

Chinese GDP Grows 7.8%
(DBN)

Nomura: The Chinese Recovery Is Over
(DBN)

Couple Accused Of Selling Their Daughter To Buy An iPhone
(DBN)

____________

 

 

 

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