October 8, 2013

The Daily Bankruptcy News

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Law:

The Biggest Law Firm Collapse in History Began With "****wad" Emails
(DBN)

Leading Municipal Bankruptcy Team Joins Chadbourne & Parke
(DBN)

Layoff Watch: Heads Continue To Roll In Biglaw
(DBN)

Weil Weil West: Dallas Departures Deepen --- Weil Mum as Texas Partner Losses Mount
(DBN)

Boies Opens in London With Bingham Hire: Business of Law
(DBN)

Dewey Have A Postmortem For You: The New Yorker Dissects Dewey’s Death
(DBN)

K&L Gates UK paid out more than its profit in 2012
(DBN)

Government Shutdown Puts Law Student Externs on the Street
(DBN)

This Is Why You Always Check The Address Field Before Sending An Email
(DBN)

The 50 Best Law Schools In America
(DBN)

Columbia Law's Applications Dropped 27% Since 2008
(DBN)

The 15 Best Value Law Schools In America
(DBN)

The 10 REAL Most Expensive Law Schools In America
(DBN)

Why Some People Think Law School Is Totally Worth The Money
(DBN)

The 10 Most Famous Graduates Of Yale Law School
(DBN)

Law School Rightsizing: This Is How You Do It
(DBN)

The 10 Most Useful Graduate Degrees
(DBN)

Email Etiquette Rules Every Professional Should Know
(DBN)

Living Without Apps: My Week in Hell
(DBN)

Thelen Lawyers Urge Second Circuit To Allow Clawbacks
(DBN)

If You Love Arguing Appeals, Why Don’t You Argue Some?
(DBN)

Obama: NSA Spying Essential, Not Oversight
(DBN)

Woman made up fake law firm to bilk employer, police say
(DBN)

Here’s Something To Get Offended At If You Are Easily Offended
(DBN)

Third biker charged in SUV confrontation; was ‘junk justice’ to blame for his freedom?
(DBN)

FBI struggles to seize $80 million worth of Bitcoin
(DBN)

Anti-begging law in Arizona knocked down by federal judge
(DBN)

Machete-Wielding Deli Clerk Chases Off an Armed Robber
(DBN)

McDonald's Customer Melts Down Very Publicly Over Cheating Girlfriend
(DBN)

Waitress Gets Lotto Ticket as a Tip, Wins $17,500
(DBN)

School Bans Footballs, Baseballs, Lacrosse Balls, Games Of Tag, Doing Cartwheels During Recess
(DBN)

The Yale 'Poopetrator' Was Actually Covering Clothes In Chocolate
(DBN)

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Judges:

Federal courts are open, but some stays have been granted
(DBN)

Supreme Court term begins amid government shutdown --- Supreme Court Opens Packed Term
(DBN)

Justice Scalia: I Have Gay Friends, But They've Never Come Out To Me
(DBN)

Scalia: The devil is getting ‘wilier’ and society is getting coarser
(DBN)

10 Tasty Tidbits From Justice Antonin Scalia
(DBN)

Inquisitive Justices? No Argument There
(DBN)

The Coming of the Kagan Court
(DBN)

Ex-Judge Schemed to Award Disability Benefits
(DBN)

It's Your Own Fault, Judge Tells Congress
(DBN)

Shutdown Cuts Off Guidance to Firms, Stalls Cases
(DBN)

Tell Congress to go to hell–all federal district court employees are essential
(DBN)

Judge Posner named likely candidate for this year's Nobel Prize in Economics
(DBN)

Supreme Court Cases for U.S. Businesses to Watch
(DBN)

Supreme Court Retirement Watch: RBG Drops Some Hints
(DBN)

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Wall Street:

US futures head lower; Washington impasse in focus
(DBN)

US stocks drop as government shutdown continues
(DBN)

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Layoffs:

At least 24,000 federal workers file for unemployment in DC
(DBN)

Alcatel-Lucent cuts 10,000 jobs in turnaround plan
(DBN)

Some Lockheed workers return to work
(DBN)

United Technologies Cancels 4000 Potential Staff Furloughs
(DBN)

The Top 10 Mistakes Job Seekers Make
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Television:

Astros to Seek Dismissal of CSN Houston Bankruptcy Case
(DBN)

Federal judge must rule on Astros’ request to dismiss bankruptcy case in CSN flap
(DBN)

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Celebs:

Curt Schilling selling items from home --- Massive estate sale --- Lawsuit forces sale
(DBN)

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Resorts:

Judge Says Hawaii Resort Creditors Can Vote on Chapter 11 Plan
(DBN)

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IP:

Cengage Sues to Protect Thousands of Textbook Copyrights
(DBN)

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Economy:

Economic Confidence Falls Off The Cliff
(DBN)

Consumer Credit in US Rises $13.6 Billion on Car Purchases

China warns US about debt default --- China and Japan to US: Don't default! --- Biggest US Foreign Creditors Show Concern on Default Risk --- Harry Reid Is Starting The Week By Going Scorched-Earth On Boehner — Who Fires Back --- Obama Repeats No-Talks Stance as Democrats Plan Debt Bill --- What John Boehner Is Saying In Private May Be More Ominous Than The Public Comments --- Fact-Checking Boehner --- The Most Irresponsible Officials In Washington DC Are The 'Moderate' Republicans --- Republicans do crazy things because they have crazy beliefs --- Senate Democrats Are Going To Force Republicans To Filibuster A Debt Ceiling Hike --- Dems dare Boehner to vote as shutdown nears second week --- GOP Congressman: Cruz Mislead Us --- Chuck Schumer Says Conservatives Are Asking Him About Shutdown Advice --- America cannot live so carelessly forever --- Obama To John Boehner: Just Let Congress Vote --- What John Boehner's ambition has to do with the shutdown--- GOP Ready to Shift Fight to Entitlements --- The Main Impediment to Resolving the Shutdown : Irrationality --- GOP Rep Compares Shutdown to Gettysburg, Republicans to Confederacy --- Why Democrats Are Dug in on Shutdown Impasse --- Why The Shutdown Will Last Another Week --- Government's work stacking up a week into shutdown --- Obama: Shutdown hurts government operations --- Treasurys edge up as shutdown enters second week --- Military commissaries begin to reopen despite shutdown --- Senate Chaplain to Congress: End the Madness You Selfish Hypocrites --- We're Not Going To Get Two Of The Most Interesting Economic Datapoints Today --- Truckers Plan to Clog DC Beltway --- Furlough Raises Moral Questions
(DBN)

Why The 2013 Debt Ceiling Crisis Is Scarier Than 2011 --- Obama Won't Negotiate Under Default Threat --- This Chart Destroys The Debt Ceiling Truthers --- White House Open to Short-Term Hike in Debt Limit --- Default is defeat for Republicans --- There's no survivalist portfolio for a debt-ceiling crash --- Tea Party Congressman Wins An Award For The Stupidest Thing Said About The Debt Ceiling
(DBN)

Credit Agencies: US Risks Credit Rating Again
(DBN)

Buffett reaps $10 billion from crisis-era investments
(DBN)

The Countries With The World's Best Workers
(DBN)

Getting Older, Growing Poorer
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Government shutdown stalls some federal home loans
(DBN)

A US default makes Lehman's fall look like child's play
(DBN)

The 20 Most Expensive Neighborhoods In America
(DBN)

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Municipalities:

Judge to decide whether Snyder must disclose EM candidates --- State: Names of other EM candidates should remain secret --- Agreement: Gov. Snyder won't be asked to name Detroit emergency manager candidates --- Governor's credibility hinges on openness
(DBN)

Billions in Debt, Detroit Faces Millions in Bills for Bankruptcy
(DBN)

The Root Cause Of Detroit 's Bankruptcy Is Simple, And It Can't Happen Anywhere Else
(DBN)

Bankrupt Stockton Pins Hopes on Tax Increase, Not Pension Reform
(DBN)

San Bernardino passes 'terms sheet' for its bankruptcy --- San Bernardino mayor to deliver warning in 'state of the city'
(DBN)

California’s New Feudalism Benefits a Few at the Expense of the Multitude
(DBN)

Not Just Detroit's Problem: American Cities And Counties' Unfunded
(DBN)

Public pension woes loom for some municipalities
(DBN)

Puerto Rico expects U.S. economic incentives
(DBN)

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Health Care:

Scooter Store provides cautionary tale
(DBN)

Medical Tourism As An Alternative To Obamacare
(DBN)

Here's Why The New Obamacare Site Is Such A Disaster
(DBN)

The Truth About Obamacare and How It Solves the Suffering of the Insured
(DBN)

Obamacare Chief Defends Rocky Start --- Watch The Daily Show get exasperated about ObamaCare --- Obama adviser: Demand overwhelmed HealthCare.gov --- Insurers, others say 'Obamacare' glitches fixable --- Health care exchanges working out kinks a week later
(DBN)

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Telecoms:

BlackBerry shares up on interest from strategic buyers
(DBN)

____________

Aviation:

Judge sets clock ticking on TWU intervention request in American Airlines-US Airways case
(DBN)

2 Swift Air execs want deposition moved; Saipan Air objects
(DBN)

Alitalia risks bankruptcy without capital increase
(DBN)

Italian government to resume talks on saving Alitalia
(DBN)

Ryanair Has Finally Realized It Can't Treat People Terribly Forever
(DBN)

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Retailing:

Can J.C. Penney and Its Shareholders Be Saved?
(DBN)

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Mass Torts:

BP Well Dumped 4.2 Million Barrels Into Gulf, U.S. Says --- BP Did Its Best Given Magnitude of Oil Spill Unknowns, Witnesses Say
(DBN)

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Food/Beverage:

Texas produce shipper files for liquidation
(DBN)

Chicken Little: Study Finds Nuggets Contain No More Than 50 Percent Chicken Meat
(DBN)

14 'All-American' Foods That Foreigners Find Completely Gross
(DBN)

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Corporate Reform:

Legal Side Effect in Admission of Wrongdoing to the S.E.C.
(DBN)

Dodd-Frank Reform: 38% Of Rules Done
(DBN)

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Resorts:

Hokulia's bankruptcy reorganization plan gets preliminary approval
(DBN)

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M&A:

M&A Report Shows Value Up, Volume Down
(DBN)

____________

Financial Privacy:

When Your Mom Steals Your Identity
(DBN)

____________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Sanctions:

Bankruptcy Court Must Determine Whether Creditor Acted in Bad Faith for Sanctions
(DBN)

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Valuation:

A Statutory Review of Bankruptcy Valuation Issues
(DBN)

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Insurance:

Does Your D&O Policy Adequately Protect You In Insolvency?
(DBN)

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Brokers:

Corzine, Others Ask MF Global Judge to Rethink Insurance Decision
(DBN)

____________

Banking:

U.S. banks get ready for the day when deposits shrink
(DBN)

____________

Shipping:

Tanker Rates Rallying as Owners Demolish Most in Decade
(DBN)

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Alternative Energy:

Ecotality finds $3M bid to open bankruptcy auction
(DBN)

Energy Conversion Trustee Sues Chinese Companies
(DBN)

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Rail:

Gordian Hired to Sell Montreal, Maine & Atlantic Railway
(DBN)

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Fraud:

September 2013 Ponzi Scheme Roundup
(DBN)

Court considers ending Stanford Ponzi scheme suits
(DBN)

Falcone Banned at Fidelity for 7 Years by N.Y.’s Lawsky
(DBN)

Cuban Tells Jury He Thought He Was Free to Sell Stock
(DBN)

The Netherworld of What Constitutes Insider Trading
(DBN)

Mark Cuban Continues Testimony in Lawsuit
(DBN)

____________

Sovereigns:

The Supreme Court Just Dealt Argentina A Big Blow In Its Case Against Hedge Fund Managers --- U.S. Top Court Rejects Argentina Appeal --- Argentina Gets No SCOTUS Review - Yet (Yawn)
(DBN)

Argentina's Standoff With Creditors Moves to Next Stage
(DBN)

It is high time Argentina talked to its creditors
(DBN)

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UK:

Fifth of manufacturing firms face insolvency risk
(DBN)

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PIIGS:

George Soros: Greece Is A Victim Of Its Creditors' Misconceptions And Taboos --- Greek ex-minister jailed for 20 years for graft
(DBN)

Sean Quinn gets permission to sue David Drumm in US --- ie: You can still live the high life at bankrupt solicitor's chalet --- Anglo Irish Liquidators Face Tough Questions From Creditors
(DBN)

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Canada:

McCarthy Tétrault partners honored at 25th annual Turnaround Management Association Conference
(DBN)

Lac-Mégantic railway MM&A could be sold by December
(DBN)

NS blueberry farm loses bankruptcy fight, closes with $17m debt
(DBN)

Ex-CEO of NS development authority charged following forensic audit
(DBN)

____________

Germany:

German exports rise less than expected in August
(DBN)

____________

Serbia:

Serbia seeks loan billions from UAE amid bankruptcy fears
(DBN)

Serbia to Announce Budget Cuts as Fiscal Risk Grows
(DBN)

Experts dispute Serbia's ' bankruptcy ' scare
(DBN)

Serbia Drafts Budget Measures as Cabinet Scraps to Stay Afloat
(DBN)

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New Zealand:

Insolvency Practitioners Bill inches closer
(DBN)

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Singapore:

Law Ministry mulls merging bankruptcy, corporate insolvency acts
(DBN)

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Brazil:

Brazil's OGX, creditors to meet as DIP loan sought -sources
(DBN)

Brazil´s OGX Bonds Now Trade at 6 Cents to the Dollar
(DBN)

Brazil's ANP Denies OGX Request
(DBN)

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Romania:

Romania's new insolvency code will be rolled out in three weeks
(DBN)

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