April 11, 2013

The Daily Bankruptcy News

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Law:

Former BigLaw Partner Explains Why Many Young Lawyers Hate Their Jobs
(DBN)

Jobs Crisis at Law Schools Worse Than Thought
(DBN)

What's Wrong With the Law—And How Lawyers Can Fix It
(DBN)

Ethics Experts: No Conflict in Jones Day's Detroit Role
(DBN)

Bingham, Dentons, Freshfields, Jones Day: Business of Law
(DBN)

As many law firms boost pay of top performers, Shearman reportedly takes a different tack
(DBN)

A Biglaw Firm Plays With Its Partner Pay Scale
(DBN)

Shearman & Sterling: All eyes on its new compensation model
(DBN)

Should You Take a Document Review Job?
(DBN)

Work/Life Balance: Would you go to work as a deep-sea welder and then complain that you don't get home enough?
(DBN)

More lawyers charge $1,150 an hour, but ‘sticker price’ discounts hit collection rates --- Seeking Biglaw Billables: $1,150/Hour OBO! --- Ready for the $1,000+ an Hour Partner?
(DBN)

OC bankruptcy law firm is sold
(DBN)

Milbank Tweed scoops leading financial regulatory lawyer in New York
(DBN)

Which Top Law School Has the Highest Percentage of Underemployed Graduates?
(DBN)

3L Gunner Schools Classmates in Interviewing
(DBN)

Harvard asks: Are law school faculties too liberal?
(DBN)

The Decision: NYU Law v. UVA Law at Half-Price Tuition?
(DBN)

A federal judge takes on 'copyright trolls'
(DBN)

How to Set Rules and Rein In Emotional Clients
(DBN)

Why is this lawyer’s driver’s license so popular?
(DBN)

Ethics opinion gives go-ahead to novelty license plate with law firm name
(DBN)

Stealth Lawyer: Tara Conklin, Novelist, ‘The House Girl’
(DBN)

Autistic man left toothless after Indianapolis dentist pulls ALL his teeth instead of just three in bizarre dental mix-up
(DBN)

Special Place In Hell
(DBN)

A prominent GOP supporter of assault weapons ban, background checks - George W. Bush
(DBN)

It is technically more legal to s---- a walrus than to get gay married
(DBN)

North Carolina Lawmaker Equates Muslim Prayer With Terrorism
(DBN)

Crazy D.C. Lawsuit Potpourri: A Discrimination Case Against Georgetown Law, and a Sidwell Friends S-- Scandal
(DBN)

Hot For Neighbor: Hilary Holiday
(DBN)

Lamborghini Cop Car
(DBN)

Fake Rockefeller found guilty of first-degree murder in real trial
(DBN)

Man who paid hospital workers for patient info to sell medical and legal services gets 4 years
(DBN)

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Judges:

Ex-judge gets 6 months for lying to cover up prescription drug conspiracy
(DBN)

Thomas: Anti-poverty programs have failed and we should ‘fess up’ to problems
(DBN)

Clarence Thomas To Resign From Supreme Court?
(DBN)

Who Is Sri Srinivasan, Obama's "Supreme Court Nominee in Waiting"?
(DBN)

Hearing Turns Political for D.C. Circuit Nominee
(DBN)

Senate Republicans Show Scant Opposition to Court Nominee
(DBN)

U.S. Supreme Court should allow cameras
(DBN)

“Here, I’ve got your G*d-d*mn*d ring.”
(DBN)

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Wall Street:

US stock futures extend gains
(DBN)

Stocks Explode To Record
(DBN)

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

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Layoffs:

College Graduates Are Stealing Low-Skill Jobs From Low-Skilled Workers
(DBN)

Class of 2013 faces grim job prospects
(DBN)

Firms firing less, but not hiring more
(DBN)

Summer hiring is expected to rise sharply
(DBN)

Americans Are Quitting Their Jobs At The Highest Rate In 5 Years
(DBN)

US Workers are at a Breaking Point
(DBN)

The incredible shrinking labor force, in one chart
(DBN)

The 37 Percent Mystery: Where Did All the Workers Go?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

7th Circuit OKs $25K student - loan discharge for 'destitute' paralegal
(DBN)

Student loan rates rise, the government profits --- Should the Gov't Make $34Bn on Student Loans?
(DBN)

Obama Proposes Market-Based Interest Rates for Student Loans
(DBN)

Med School Cost Loads Debt Even on Bernanke Son
(DBN)

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Municipalities:

"To me, filing bankruptcy is an admission that democracy can't solve these problems"
(DBN)

San Bernardino says it hopes to resume paying Calpers
(DBN)

Budget coming soon, San Bernardino says in bankruptcy court
(DBN)

Stockton bankruptcy : roll back pension 'spiking'?
(DBN)

Deis blasts ratings agency
(DBN)

Blame all around in Stockton
(DBN)

FL: Pension crisis could lead to municipal bankruptcy
(DBN)

Farrell: No easy answers in Act 47 plan
(DBN)

Challenge to emergency manager law dismissed by appeals court --- Ingham judge blasts both sides in lawsuits around emergency manager law
(DBN)

Detroit City Council examines contract between city and EM Kevyn Orr's old law firm --- Scrutinizing hiring of EM's old firm --- Detroit's needs will come first, top lawyer says of city's hiring of Kevyn Orr's former law firm
(DBN)

Muskegon Heights schools emergency manager, charter company detail steps to address 'academic tragedy'
(DBN)

Municipal bankruptcy has a silver lining
(DBN)

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Aviation:

Two investment firms interested in Frontier Airlines
(DBN)

How to Speed Through the Airport Like a Celebrity
(DBN)

Secrets of Armavia's bankruptcy revealed --- Expert: State is to blame for Armavia's bankruptcy
(DBN)

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Banking:

Indiana Bank Corp. files for bankruptcy reorganization
(DBN)

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Agriculture:

Corn Boom Goes Bust as Sales in Record Drop
(DBN)

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Labor:

Vermont Employer uses Behavioral Economics to Turn Debt into Wealth
(DBN)

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Health Care:

Judge places 'dysfunctional' RoxComp into receivership
(DBN)

Pennsylvania Officials Release Consultant Reports on Highmark-West Penn Deal --- Highmark Revenues Surpass $15B
(DBN)

Jury awards record $524M in Hep C case; lawyer calls verdict a wake-up call to health insurers
(DBN)

Rate of employer-based health insurance keeps dropping
(DBN)

Boomers Push Doctor-Assisted Dying in End-of-Life Revolt
(DBN)

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Economy:

Federal Reserve goofs and releases minutes early --- 'Easy money' policies divide Federal Reserve --- Pisani: Why Is Fed Sending Minutes to Lobbyists? --- These 12 Banks Got the Fed Minutes a Day Early
(DBN)

Plosser Calls for Reducing QE Pace Citing Gains in Labor Market
(DBN)

AARP Blasts Obama's 'Historic' Proposal To Cut Social Security --- Obama's New Budget Is Actually Giving Republicans Exactly What They Asked For In December --- Imaginary Grownups --- Obama's budget includes a "greatest hits list" of ideas to raise revenue, including a Buffett tax --- Obama to Pitch Buffett Tax, Killing Corporate Tax Breaks --- Budget Meant to Draw G.O.P to the Table --- Conservative Group Slams GOP Congressman For Attacking Obama On Social Security --- Obama Seeks Middle Turf With Budget --- Tax the Rich, Spare the Poor, Remember the Young --- President Obama's Entire Budget In One Chart --- Elizabeth Warren criticizes President Barack Obama's Social Security proposal --- Obama Budget Targets Millionaires, Cuts --- 12 things you may have missed in the budget --- How the Obama budget stacks up against Paul Ryan’s --- The $4.6 trillion difference between the White House and House Republicans’ budget --- Obama budget gives CFPB, Treasury financial lifelines --- Dive deep into the budget --- The 12 million losers in Obama’s new budget --- Winners and losers in the White House budget --- How Barack Obama Plans To Cut Social Security Spending By $130 Billion --- Chart: Chained CPI Versus Standard CPI Since 2000
(DBN)

Why 'Chained CPI' Rattles the Elderly (and Soon to Be)
(DBN)

America's Class War Has Begun
(DBN)

Sequester Cuts to Hurt Economy: NBC/WSJ Poll
(DBN)

Why Corporate Tax Reform is Going Nowhere
(DBN)

The Average CEO Earns More In An Hour Than The Average Employee Earns In A Month
(DBN)

Study: Firms Susceptible to Takeovers
(DBN)

WTO Global Trade Growth Forecast for 2013 Lowered to 3.3 Percent
(DBN)

Sequester: The US Air Force As You Know It No Longer Exists
(DBN)

America Today: 3 Million Overlords And 300 Million Serfs
(DBN)

Underground City of Homeless People Discovered In Kansas City
(DBN)

Debunking the Idea that Americans are Overtaxed
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Taylor Morrison Deal Suggests Hot Housing Demand
(DBN)

In New Jersey, spared by Sandy but paying the price in taxes
(DBN)

Housing Inventory Picked Up in March
(DBN)

Mortgage Delinquencies decline in February
(DBN)

Foreclosures returning to pre-housing bust levels --- Florida Leads Nation --- Properties Entering The Foreclosure Process Spiked 200% In New York
(DBN)

Manhattan Apartment Rents Near Peak as Gains Accelerate
(DBN)

Why Housing Affordability is Still at Risk
(DBN)

Cheap Mortgages Are Hiding the Truth About Home Prices
(DBN)

Table of Short Sales and Foreclosures for Selected Cities in March
(DBN)

FHA may need bailout after all
(DBN)

States Fight Back Against MERS Mortgage Fraud
(DBN)

President's 2014 budget grants $47.6 billion to housing programs
(DBN)

More delinquent loans cured in February: LPS
(DBN)

Judge limits Assured Guaranty claims against JPMorgan
(DBN)

Va. AG sues mortgage modification companies
(DBN)

Sacramento: Conventional Sales over 62% of Housing Market in March, Highest percentage in Years
(DBN)

Median sale price of homes in Washington, D.C., hits record high
(DBN)

Stuyvesant Town Accord With Tenants Wins Court Approval
(DBN)

House stalkers finding ways to buy homes that aren't for sale
(DBN)

___________

Autos:

GM renews commitment to loss-making European brand Opel
(DBN)

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Accounting:

Herbalife auditor seeks to contain damage to KPMG --- Trading Case Embroils KPMG
(DBN)

KPMG Lawyer: London Understood Violations
(DBN)

FBI Found KPMG Auditor via Golf Buddy, His Lawyer Says --- Sting target
(DBN)

Fired KPMG Partner Threw Away His 29-Year Career For Some Cash, Fancy Dinners, And A Rolex
(DBN)

Accounting Class-Action Filings Decline, but Settlement Amounts Grow
(DBN)

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Retailing:

Can JC Penney pick itself up?
(DBN)

JCPenney CEO's Severance Package Includes 34,000 Pea Coats :)
(DBN)

Lessons From J.C. Penney: Don't Mess With Coupons
(DBN)

J.C. Penney's Shoppers Are Older and Poorer Than You Thought
(DBN)

Ackman Breaks JCP Silence: 'We're Not Going Anywhere'
(DBN)

Delayed tax refunds hurt Family Dollar
(DBN)

How Goldman's dollar-store bet reaped a fortune
(DBN)

______________

Hollywood:

Inverness Settlement Paves Way for Film Sale
(DBN)

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Fraud:

SEC Not Liable for Missing Bernie Madoff Scheme: Court --- Circuit Pounds Last Nail In Madoff Plaintiffs' Coffin --- Circuit blasts SEC for ‘regrettable inaction’ in massive Madoff fraud, but nixes victim suit
(DBN)

Slow recovery for Madoff ponzi scheme victims
(DBN)

Bernie Madoff's son blames stress, shame for cancer relapse
(DBN)

Stanford Victim Penny-a-Dollar Payment Plan Goes to Judge
(DBN)

Kim Rothstein Pool: How Many Prison Years For Ponzi Schemer’s Wife?
(DBN)

What Roger Stone paid to settle Rothstein lawsuit
(DBN)

Receiver in Nadel Ponzi scheme loses case against Wells Fargo --- Judge allows Nadel receiver's Wells Fargo lawsuit to proceed
(DBN)

Full Tilt Poker founder 'strikes deal with US prosecutors because he's awaiting heart transplant'
(DBN)

Accupay owner faces angry clients at bankruptcy hearing
(DBN)

Attorney suspended six months for role in N.Y. bribery scandal
(DBN)

Integrity Financial Consulting accused of running ' Ponzi-like' scheme
(DBN)

______________

Debt Collection:

A Debt Collector Came After Me for $8.97
(DBN)

______________

Corporate Governance:

Shareholders attack sue-in-Delaware bylaws
(DBN)

A Walk Down Memory Lane: CEO Flameouts
(DBN)

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Alternative Energy:

House panel to hold hearing on financially troubled Fisker
(DBN)

______________

Coal:

Hearing on Patriot Coal trustee won’t be delayed; court sides with noteholders
(DBN)

______________

Corporate Reform:

Recession Crimes: Let the Punishment Fit
(DBN)

______________

Education:

Fired Prez Doubted Chain College's Numbers
(DBN)

Here's Where Most of the Money Goes When Private Colleges Hike Tuition
(DBN)

______________

Mass Torts:

Maryland AG won’t discuss Angelos’ asbestos idea
(DBN)

BP loses bid to block 'fictitious' oil spill claims
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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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Bankruptcy Reform:

What's Wrong With the Chapter 14 Proposal
(DBN)

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Bankruptcy Fees:

Bankruptcy Dollar Amount and Form Changes that May Affect You
(DBN)

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Examiners:

Bill on Bankruptcy: ResCap Report a Bargain at $83M
(DBN)

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Sales:

New York Bankruptcy Court Adopts Expansive View of Section 363 Free and Clear Assets Sales
(DBN)

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Exit Finance:

Highland Suit Against UBS Securities Dismissed by Court
(DBN)

______________

SIPA:

Narrow Interpretation of "Customer" Under SIPA Is Affirmed by the Second Circuit
(DBN)

______________

Property Of The Estate:

Bonus Payments Received Post-Petition From Employer Are Not Property of Estate
(DBN)

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Sales:

Successor Liability Applies to Claims Under the Fair Labor Standards Act According to Seventh Circuit Court of Appeals
(DBN)

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Recent Pleadings:

 

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Litigation:

Why Litigation Financing Needs To Be More Transparent
(DBN)

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TBTF:

Legislators Reintroduce Bill To Break Up XXL-Sized Banks
(DBN)

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CROs:

Champion Industries hires chief restructuring officer
(DBN)

______________

Entertainment:

‘Girls Gone Wild’ Ruled in Need of Trustee to Run Company
(DBN)

Bankruptcy clouds 'Girls Gone Wild' collection path
(DBN)

______________

Resorts:

Paulson Executives Sued by Five Mile Over Resorts Bankruptcy
(DBN)

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Tech:

OCZ: Bankruptcy Within 6 Months?
(DBN)

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Mail:

Post Office Delays End of Saturday Mail
(DBN)

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Video Games:

RI lawmakers weigh 38 Studios debt default
(DBN)

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Gambling:

Lawyers Get in on Revel Casino Bankruptcy Action
(DBN)

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Tax:

IRS whistleblower program slammed by tax informants' attorneys
(DBN)

European Countries Move to Toughen Stance on Tax Evasion
(DBN)

Tax dodgers will have a tougher time in Luxembourg
(DBN)

Yes, the IRS Can Read Your Emails if It Wants
(DBN)

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Tech:

Worst PC sales drop in history
(DBN)

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Sovereigns:

The Fate of Argentina's Debt Restructuring is Getting Closer
(DBN)

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UK:

Thatcher Dogma Paved Way to Financial Crisis
(DBN)

Hilco plans to relaunch HMV in Ireland
(DBN)

Creditors to bear brunt of Bezier failure
(DBN)

2e2 collapsed owing lenders £250m
(DBN)

Fifth of accountants increased debt
(DBN)

UK agrees tax information exchange
(DBN)

Police burst open gates to Craig Whyte's castle in raid on ex-Rangers owner's home
(DBN)

______________

EU:

Schemes of Arrangement as Restructuring Tools
(DBN)

Explosive Report Shows That Cypriots Are Five Times Richer Than Germans --- Why Cyprus must leave the euro
(DBN)

Soros: Germany headed for self-made recession
(DBN)

Report: Cyprus Will Sell €400 Million Of Gold Reserves To Bail Out Its Banks --- Cyprus bailout swells to $30 billion, with brunt of financial burden put on the island nation
(DBN)

Eircom restructuring shows way for telco industry
(DBN)

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PIIGS:

Spain's Industrial Output Continues Collapse
(DBN)

The Greek Unemployment Nightmare Is Still Getting Worse --- 27.2 pct
(DBN)

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Germany:

Long Winter's Grip Cokes German Economy
(DBN)

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China:

Fitch Warns on China's Debt
(DBN)

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Latvia:

Insolvency cases up 10% in Q1
(DBN)

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MENA:

Abu Dhabi conglomerate's CFO resigns amid debt talks - sources
(DBN)

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Copyright 2013