April 12, 2013

The Daily Bankruptcy News

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Law:

Survey: Law Firms Must Change, But Don't Know How
(DBN)

Law Firm Leader Q&A: Sheppard Mullin's Lucantonio Salvi and Jonathan Aronie
(DBN)

Venable, Troutman Sanders, Sidley: Business of Law
(DBN)

In-House Priorities, Concerns for 2013
(DBN)

Female Bosses Are No Longer Disliked (Maybe)
(DBN)

U.S. Marshals Want a Hike in Hourly Rate
(DBN)

DOJ Wants to Add Attorneys in 2014
(DBN)

Firms face rates pressure as almost 50% of GCs predict legal spend cuts
(DBN)

Gross Revenue, Net Income and Profits Per Partner Down at Fulbright & Jaworski
(DBN)

Stevens & Lee Grows Revenue 1.3 Percent, PPP 1 Percent
(DBN)

ATL’s Unofficial Orientation to Law School (Part I)
(DBN)

Wherein Law Professors Feel Like Law Grads Because No One Will Hire Them --- Faculty hiring down or, at least, uncertain
(DBN)

If You Don’t Want to Be a Lawyer, Don’t Go to Law School
(DBN)

Lawyerly Lairs: A Quinn Emanuel Attorney’s Housing Hunt
(DBN)

Faruqi & Faruqi: A Kinder, Gentler Law Firm? (Check out these two amusing emails.)
(DBN)

Gender Discrimination Suit Alleges Men and Women Couldn’t Be ‘Alone Together’ at This Texas Law Firm
(DBN)

Dentons packs partnership with women
(DBN)

Gender pay gap remains as female salaries lag male counterparts
(DBN)

Suspect in mass stabbing at Texas college says he fantasized about it for years
(DBN)

After DA slayings, Texas senator introduces bill to expand protections
(DBN)

Was Rutgers GC blamed for properly managing a process to the wrong outcome?
(DBN)

Law Graduates’ Consumer Fraud Claims Squeak Past Alma Mater’s Motion to Dismiss
(DBN)

Can Twitter land you a job?
(DBN)

Unemployed? Go Midwest, Young Man. Go Midwest
(DBN)

Law firm provides superb Q&A for trainees
(DBN)

Perils Of Pro Bono - No Good Deed Goes Unpunished
(DBN)

Think Twice, Cut Once - Wait, I Changed My Mind
(DBN)

Video: Woman Tosses Baby To Fight With Another Woman On Bus
(DBN)

Police Tell Man That His Cellphone Is A Weapon And Arrest Him After He Refuses To Stop Filming Them In Public
(DBN)

Are zombies legally dead? Docs and lawyers address critical ‘Walking Dead’ culpability issue
(DBN)

Breakup sparks legal battle over $105K in parking tickets, a record high amount in Chicago
(DBN)

"Breaking Bad" - Spin-off may be lawyer show
(DBN)

Warrantless Search OK Where . . . . Suspect Answers Door With Joint
(DBN)

Say What?!
(DBN)

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Judges:

Federal bankruptcy judge named Campbell law school dean
(DBN)

Why Clarence Thomas Stopped Being A Liberal
(DBN)

Thomas unaware he was the talk of the town
(DBN)

Judge accused of signing her own lawyer’s name on divorce filing fights suspension recommendation
(DBN)

Psychiatric evaluation ordered for defendant who flipped off and cursed judge
(DBN)

Clerkship Hiring Is Getting Earlier and Earlier
(DBN)

Court going out with bang as argument cycle ends
(DBN)

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Wall Street:

Futures signal lower Wall St open
(DBN)

US stocks close higher for fourth day in a row
(DBN)

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Layoffs:

Jobless Claims in U.S. Plunged More Than Forecast Last Week
(DBN)

Eli Lilly to Fire 1,000 on Restructuring --- 30 percent of US sales force
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

The Crucial Sentence In Jamie Dimon's Letter To JPMorgan Shareholders
(DBN)

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Telecoms:

Powerwave gets financial lifeline
(DBN)

Maxcom Would Seek Restructuring If Debt Exchange Terms Unmet
(DBN)

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Accounting:

KPMG auditor helped pal make $1M on inside trades – Feds
(DBN)

Wall Street Is Shocked at This Idiot Inside Trader's Stupidity
(DBN)

Insider trading probe impact on KPMG expected to be short-lived
(DBN)

Grant Thornton Wins Dismissal of 10-Year-Old Parmalat Case
(DBN)

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Alternative Energy:

Lawsuit and a Congressional Hearing as Fisker Bankruptcy Nears
(DBN)

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Economy:

Jobless Claims Back on Track; Inflation Eases Off
(DBN)

Why More Affluent Americans Pay No Taxes
(DBN)

Obama Could Undo All Progress Made Against Senior Poverty Since 1965 --- Obama Cut Entitlements by Much More Than GOP --- The Debt Risks in Obama's Budget --- FactCheck: Obama Budget Nonsense
(DBN)

The American Manufacturing Renaissance Has Gone Mainstream
(DBN)

Profits Hit Another All-Time High, Wages Hit Another All-Time Low
(DBN)

Will Baby Boomers Drag Down Growth?
(DBN)

Why Disability Claims are Skyrocketing
(DBN)

So Where's the Volcker Rule?
(DBN)

Hardest-to-Sell Junk Lures Buyers Hooked on Fed
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Sen. Warren spars with regulators over foreclosure review settlement --- Consultants' role in foreclosure deal under fire
(DBN)

American Dream Eludes With Student Debt Burden
(DBN)

Mortgage Rates in the U.S. Decline for a Second Week
(DBN)

Housing administration might need $943 million bailout, White House says
(DBN)

US housing regulator extends HARP refinancing program
(DBN)

Rosenberg: It Looks Like Demand For US Housing Is Cooling Off
(DBN)

Why Rising Interest Rates Could Eventually Curb Price Gains
(DBN)

Policy Changes Shrink FHA Taxpayer Subsidy in Obama Budget
(DBN)

Philly: Foreclosure filings rise in 1Q
(DBN)

Experts Warn About An 'Outbreak Of Delayed Foreclosures Down The Road'
(DBN)

MERS Prevails Again in the Eighth Circuit
(DBN)

S&P moves to coordinate mortgage-rating litigation
(DBN)

The Private Island Escapes Of The Rich And Famous
(DBN)

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Mail:

Could the U.S. Postal Service File for Bankruptcy Protection? The Answer is in the Mail.
(DBN)

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Celebs:

Lance Armstrong Sells Estate in Austin, Texas, for ‘Nothing Close to Listed Value’
(DBN)

Casey Anthony civil trial must go on before bankruptcy case
(DBN)

Keeping Up With Mr. Kardashian
(DBN)

Jocks got socked in 'scam'
(DBN)

Good Grief Charlie Brown: You're a Stalker?
(DBN)

______________

Retailing:

A Penney saved?
(DBN)

JC Penney hired bankers to raise $1 billion
(DBN)

Ron Johnson Failed At JCPenney Because He Misplayed The Expectations Game
(DBN)

Bill Ackman Blasts Former JC Penney CEO Ron Johnson For Lack Of 'Physical Presence'
(DBN)

Home Depot Customer Tried To Saw Off His Own Arms In Store
(DBN)

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Distressed Investing:

Conway Team Strikes Out to Form Sierra Constellation
(DBN)

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Autos:

Treasury Sells Another $621M of GM Stock
(DBN)

New York, Old GM in $5.5 Million Environmental Settlement
(DBN)

GM's Akerson Meets with Merkel on Opel Plans --- GM pledges $5.2B to Opel
(DBN)

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Fraud:

Stanford's Civil Tactic Makes SEC Indignant
(DBN)

Ex-KPMG Partner London Charged With Insider Trading
(DBN)

______________

Coal:

Patriot Coal proposal would give union a 35 percent stake in company
(DBN)

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Brokers:

MF Global Lawyers’ Fee Requests Criticized by U.S.
(DBN)

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Aviation:

Airbus Is Installing Special Big Seats For Fat People — And Shrinking All Other Seats
(DBN)

Merger Fallout: Some Routes See Huge Fare Increases
(DBN)

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Mass Torts:

Lead lawyer chosen to head litigation in meningitis cases
(DBN)

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Elder Debt:

Children Responsible for Parental Debt
(DBN)

______________

Compensation:

Creditors Can Reach Benefits Under “Top Hat” Plan
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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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Professional Compensation:

U.S. District Court Affirms Bankruptcy Court’s $5 million Fee Award For Defending Fee Application in ASARCO
(DBN)

Department of Justice balks at MF Global advisers' fees
(DBN)

______________

Bankruptcy Bonuses:

ResCap makes case for latest round of executive bonuses
(DBN)

Judge disallows $20 million severance for American Airlines' Horton
(DBN)

______________

UCC:

Unauthorized UCC Filings: A Cautionary Tale In the Absence of Requisite Authority to File, a UCC Termination Statement Is Ineffective to Bring a Perfected Security Interest to an End
(DBN)

Delaware Chancery Court Rejects Claim That Article 9 Sale Was Not Conducted in a Commercially Reasonable Manner
(DBN)

______________

Recent Pleadings:

Bankruptcy Court Nixes $20 million Severance For AMR CEO
(DBN)

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Litigation:

Income More than Doubles at Litigation Finance Firm Burford
(DBN)

Social Media Use and Researching Jurors in the Courtroom
(DBN)

Using the Art of Storytelling as a Tool in the Practice of Law
(DBN)

______________

TBTF:

Lagarde: Too Big to Fail Banks are Dangerous
(DBN)

Time to pull the plug on NY's Hank Greenberg suit
(DBN)

______________

Municipalities:

Detroit Will Impose New Contract On Firefighters July 1
(DBN)

Kevyn Orr sits down with Local 4
(DBN)

Bankruptcy Court Signals That Public Pension Obligations Could Be Impaired in Chapter 9 Bankruptcy Along With Other Creditors
(DBN)

Bankrupt California city to resume paying pension fund, but not bondholders
(DBN)

Lessons for Bondholders
(DBN)

Jeffco could be making progress on bankruptcy deal
(DBN)

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Corporate Reform:

Dodd-Frank Reforms Get Roughed Up in Court
(DBN)

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Bankruptcy Crimes:

Mo. attorney pleads guilty in 2 fraud schemes
(DBN)

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Health Care:

Budget Breakdown: How President Obama's FY 2014 Budget Would Affect Hospitals
(DBN)

Young Adults on Parents’ Health Plans Cost More
(DBN)

Chemotherapy US Costs $70,000, India $2,500
(DBN)

______________

Media:

Post- bankruptcy , Tribune still fighting creditor attorneys
(DBN)

_____________

Oil/Gas:

How Oil Exporters Reach Financial Collapse
(DBN)

_____________

Magazines:

Reader’s Digest files amended reorg plan offering $500K to unsecureds
(DBN)

______________

Credit Cards:

Retail trade group to opt out of $7.2 bln credit card-fee pact
(DBN)

______________

Sovereigns:

Argentina Bond Holdout Singer Denial Failing to Quell Win-Win Charge
(DBN)

S&P Affirms Argentina 'B-' Rating, Outlook Still Neg
(DBN)

______________

UK:

Portsmouth may be 'the last major insolvency' in football, says expert
(DBN)

______________

EU:

Baltic States on Fast Track to Recovery
(DBN)

Markets Are Tumbling In Europe
(DBN)

______________

MENA:

Egypt Owes $5bn to Oil Companies
(DBN)

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Copyright 2013