April 15, 2013

The Daily Bankruptcy News

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Law:

Change Needed to Survive. But Can Big Law Adapt?
(DBN)

Orrick, Skadden, Mayer, Sheppard Mullin: Business of Law
(DBN)

Sheppard Mullin Re-Elects Chairman Guy Halgren to Fifth Term
(DBN)

Venable hires SIGTARP investigator to boost white-collar group
(DBN)

Lawyers in $7.25 bln credit card settlement seek $720 mln in fees
(DBN)

"'Branding' being done in law firms is nothing but changing the window dressing"
(DBN)

Forget law practice. Half of surveyed prelaw students plan to use law degree in nontraditional jobs
(DBN)

Partner Sues Her Firm, Alleges Sex-Segregation
(DBN)

Appeals Court Affirms Wilmer Win in Malpractice Suit
(DBN)

Court Protects Firm's $200,000 Fee From Bankruptcy Trustee
(DBN)

Look Who's Hiring!
(DBN)

Start-Up Looks to Make Law Firm Billing More Transparent
(DBN)

Law grad paralegal says employer asked her to be his ‘third wife,’ made her feed him with chopsticks
(DBN)

Elated billionaire wins $380K in federal suit over fake wine; may have spent $10M in legal fees
(DBN)

Lawyer decides whether to call trial witnesses, even if client objects, top Fla. court says
(DBN)

A 2L at the Center of a Political S-- Scandal
(DBN)

Quotidian commentary or defamatory snarkiness? Legal secretary loses suit over partner-wife emails
(DBN)

Lawyer is charged in alleged office groping incident; will tapes support prosecution? --- Accused of Groping Client’s Mother
(DBN)

Actress loses suit against website that revealed her real age
(DBN)

Judge is appointed to replace slain DA: ‘There is danger’
(DBN)

Art imitates life for retired lawyer who wrote novel about lawyer with visions
(DBN)

How to Procrastinate at Work: A Complete (Research-Based!)Guide
(DBN)

Above the Law’s Fifth Annual Law Revue Video Contest
(DBN)

8 Things Make Your Life Difficult
(DBN)

Consultant Recants in Chevron Pollution Case in Ecuador
(DBN)

Say What?!
(DBN)

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Judges:

Chief Justice Roberts presides over inaugural moot court competition
(DBN)

The Dukes of Hazzard and Braveheart cited in the Eleventh Circuit
(DBN)

In SCOTUS Rarity, Orrick Associate to Handle Oral Arguments in High Court Case
(DBN)

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Wall Street:

Stock futures signal dip after Chinese data
(DBN)

Stocks close lower after a banner week
(DBN)

A Wall Street legend's firm dissipates
(DBN)

You Don’t Want to Mess With Wall Street’s Cop
(DBN)

Goldman CEO Blankfein Got 75% Wage Boost in 2012
(DBN)

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Layoffs:

It’s not working for NYC
(DBN)

The Economic Story of the Year: The Stock Market vs. the Labor Market
(DBN)

How Bad Is the Job Market For College Grads?
(DBN)

The Terrifying Reality of Long-Term Unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Alabama county fires attorney in largest municipal bankruptcy
(DBN)

Public Pensions in Bankruptcy Court
(DBN)

Stockton debt-holder asks judge to reverse his bankruptcy decision --- Assured Seeks New Ruling on Stockton Pre- Bankruptcy Talks --- Stockton: Creditor's motion is likely to set up appeal
(DBN)

Stockton Mayor Anthony Silva reflects on his first 100 days
(DBN)

Overcoming San Bernardino's bankruptcy requires fresh faces
(DBN)

Detroit mayor offers budget, but emergency manager flexes power --- Mayor proposes $300 million cut --- Will Bing's proposed budget cuts for Detroit be enough?
(DBN)

Detroit's Leaders Carry on, but Know Who's Really in Charge
(DBN)

A Missionary's Quest to Remake Motor City --- How A Young Community Of Entrepreneurs Is Rebuilding Detroit
(DBN)

'Emergency czar' to look at Detroit's pension problems
(DBN)

Taveras cut pension deal in a bid to avoid bankruptcy
(DBN)

Farrell explores options for leaving Act 47
(DBN)

Emergency manager revokes diplomas
(DBN)

Ousted Detroit Public Schools chief sues EM, state
(DBN)

In Harrisburg, incinerator a piece of financial puzzle --- Harrisburg incinerator: Should it be desired or disdained?
(DBN)

Whatever Happened To The Muni Bond Implosion?
(DBN)

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Coal:

Patriot Pension Withdrawal Bid Opposed by 2 Plan Members
(DBN)

Current Patriot CEO was 'suspect' of Patriot at spin-off
(DBN)

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Tax:

Oregon anti-tax activist Sizemore files for bankruptcy
(DBN)

There's Been A Big Global Move Against Tax Havens In The Past Week
(DBN)

Austrians' love of bank secrecy has deep roots
(DBN)

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Fraud:

Bankruptcy judge deals big setback for TD Bank, RRA trustee Stettin --- Rejects Materials on Victim-Payment Plan
(DBN)

Banking big in plea deal
(DBN)

Jocks got socked in ‘scam’
(DBN)

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Private Equity:

Hard Times For Private Equity Leveraged Buyouts
(DBN)

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Compensation:

CBS Chief Les Moonves Took Home $62 Million In Pay Last Year
(DBN)

Judge denies $20 million severance to outgoing AMR chief
(DBN)

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Aviation:

What comes next on the Horton package?
(DBN)

American Airlines Obtains Revised Stock And Claims Order For Trading Requirements
(DBN)

Time To Invest In This Restructuring?
(DBN)

With Merger, Unions Work To Woo American Workers
(DBN)

Six US Airways executives receive $8.9 million in stock grants
(DBN)

Bankruptcy Auction of a Vintage 1941 Navy N3N-3 Biplane
(DBN)

11 Ways Airlines Are Cramming People Onto Planes And Saving Money
(DBN)

Funny, the Runway Looked Longer
(DBN)

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Economy:

What's on the Table for G20? Slashing Debt
(DBN)

Budget: Elizabeth Warren Responds To Criticism Of Social Security Email
(DBN)

Bernanke Backs 'Multiprong' Approach to Aiding Low-Income Areas
(DBN)

Tax Freedom Day 2013 is April 18 -- Five Days Later than Last Year
(DBN)

Middle Class: Matter of Income, Attitude
(DBN)

Medicare hike could also hit some in middle class
(DBN)

The Government Wastes More Money Than The Cost Of The Sequester
(DBN)

Nearly Half Of American Women Fear Turning Into 'Bag Ladies'
(DBN)

Moody's: U.S. Economy Still Waiting For Lift-Off
(DBN)

Why 10.4 million workers are still poor
(DBN)

Everyone Should Be Thrilled By The Gold Crash --- Gold Bugs: The Gold Crash Is A Bernanke Conspiracy --- Gartman on Gold: We’ve Never Seen Anything Like It
(DBN)

Europe Is Now Breaking Down Too...
(DBN)

Bitcoin Is No Longer a Currency
(DBN)

Poll: US in Best Mood Since 2007
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac data shows mortgage rates near record lows
(DBN)

Creditors Seek to Sue Ally Financial Over 'Abuse' of ResCap --- Ally owes us $20 bln
(DBN)

Shiller and the Upward Slope of Real House Prices
(DBN)

Can Dodd-Frank fix mortgage servicing if we don’t know what went wrong?
(DBN)

As NY foreclosures soar, DC blocks probe
(DBN)

More Than 40% of Georgia Homes Underwater
(DBN)

BofA’s ‘kickback’ in the pants
(DBN)

Landing A Reverse Mortgage Just Got Tougher
(DBN)

NY AG: Obama Has Legal Right To Fire DeMarco
(DBN)

Twelve-Year Fugitive Finally Nabbed in Foreclosure Rescue Scheme
(DBN)

Sen. Elizabeth Warren takes on regulators over illegal foreclosures
(DBN)

IFR Scandal: Magnitude of Mortgage Servicing Failure
(DBN)

Sen. Boxer: Servicing standards fall short of settlement
(DBN)

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Awards:

FBT bankruptcy attorney recognized by Ohio State Bar Association
(DBN)

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Health Care:

University of New Mexico Hospital Lays Off 57
(DBN)

America’s Inefficient Health Care System
(DBN)

Study: People with long commutes die sooner
(DBN)

Study: People Who Text Frequently Tend To Be More Racist, Shallow
(DBN)

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Alternative Energy:

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

Fisker lawsuits piling up, another from its web designer over alleged unpaid bills
(DBN)

Someday Electric Cars Will be Great
(DBN)

Iraq War Could Have Paid For 100% Renewable Power Grid
(DBN)

______________

Corporate Governance:

Jeff Bezos: This Is Why I'm Hot
(DBN)

When Shareholder Democracy Is Sham Democracy
(DBN)

______________

Student Debt:

The States With The Heaviest Student Loan Debts And Highest Delinquency Rates
(DBN)

CA: Bill bans lenders from garnishing graduates' wages
(DBN)

Student loan woes put dreams on hold
(DBN)

Obama and student loans : A closer look --- Here's How Expensive Student Loans Could Be Under Obama's New Plan
(DBN)

How Much Money Does the Government Really Make From Student Loans?
(DBN)

Student Loans Killing You? Here's a Little Secret
(DBN)

______________

Politics:

How dealmaking gets done on Capitol Hill
(DBN)

Elizabeth Warren winning support for 2016 White House bid
(DBN)

______________

Apparel:

Women's clothier Chadwick's back from bankruptcy
(DBN)

______________

Mass Torts:

Bankruptcy estate of meningitis-linked pharmacy to battle states
(DBN)

______________

Bankruptcy Crimes:

Macon Doctor Indicted for Bankruptcy Fraud
(DBN)

______________

Celebs:

The Broke and the Beautiful: Gordon Ramsay Edition
(DBN)

______________

Religion:

Green Bay Diocese: Retired priest accused of abuse
(DBN)

Pope Francis says hypocrisy undermines Church's credibility
(DBN)

______________

Lehman:

Hopes rise on Lehman payout
(DBN)

Lehman Europe creditors may be repaid in full
(DBN)

PWC nets £600m in fees from Lehman Brothers UK
(DBN)

'Unravelling Lehmans could take us 10 years’
(DBN)

Lehman Seeks Australian Court Approval for Vote on Settlement
(DBN)

Lehman Brothers offers to surrender trading membership of NSE
(DBN)

My Time at Lehman
(DBN)

______________

Basketball:

Kings to Seattle - the final push begins
(DBN)

______________

Gambling:

Jailed Online Poker Payment Processor Sues His Former Lawyer For Malpractice
(DBN)

______________

Retailing:

US Retail Sales Fell 0.4% in March
(DBN)

Picking up Penney’s: PE firms circling distressed retailer
(DBN)

______________

Newspapers:

Champion hires chief restructuring officer
(DBN)

______________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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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Miscellaneous:

Week Ahead in Bankruptcy
(DBN)

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Personal Bankruptcy:

Bankruptcy Hacks Are Still At It
(DBN)

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Jurisdiction:

Petition for Supreme Court Review Filed in Ninth Circuit's Bellingham Case Highlighting Circuit Splits Post-Stern
(DBN)

______________

Plan Confirmation:

Validity of Post-Petition Restructuring Support Agreements in Bankruptcy
(DBN)

______________

Recent Pleadings:

Fisker Sued By Landlord
(DBN)

______________

TBTF:

Bernie Sanders Vs. The Very Big Banks
(DBN)

______________

Telecoms:

Clearwire considering interest payment default as Sprint deal looms --- Bankruptcy And Default As Clearwire's Ace In The Hole
(DBN)

Powerwave Technologies Secures DIP Financing; Appoints New CEO
(DBN)

______________

Electricity:

Former TXU Plays for Time To Pursue Bankruptcy Deal
(DBN)

______________

Museums:

Nebraska's Westward-Expansion Museum Leaves Investors Hanging
(DBN)

______________

Banking:

Wells Fargo Post Record Q1 Earnings
(DBN)

JPMorgan Reports Record Q1 Earnings, EPS
(DBN)

JP Morgan: Unsafe at Any Scale
(DBN)

FDIC will refund $5.7 billion to banks
(DBN)

Unofficial Problem Bank list declines to 786 Institutions
(DBN)

_____________

Accounting:

Question in KPMG Case: Why?
(DBN)

______________

MLM:

Herbalife’s buyout hopes dim
(DBN)

______________

Tech:

The End of the Home Computer: Why PC Sales Are Collapsing
(DBN)

______________

Pensions:

Patriot Coal offers UMWA 35% equity stake to replace benefit plans
(DBN)

How Congress May Have Put Your Pension at Risk
(DBN)

______________

Credit Cards:

Judge in U.S. credit-card fees case assails critics' website
(DBN)

______________

UK:

Cobbetts vac scheme applicants made to reapply for DWF
(DBN)

RBS Fails to Block Highland Texas Fraud Suit After Trial `Lies’
(DBN)

______________

EU:

U.K. Sees German Treaty-Talk Bid as Opening to Repatriate Powers
(DBN)

EU growth strategy is failure so far: EU study
(DBN)

EU Affirms Debt-Cut Strategy in Face of 'Fragile' Outlook
(DBN)

Cyprus faces economic meltdown as EU-IMF refuses extra aid --- Cyprus gold sale profits must be used to pay back ECB, orders eurozone --- Cyprus passports offered to big foreign losers in EU bailout --- Cyprus president ?very saddened? by rift with central bank chief --- Blame Game Widens in Cyprus Crisis
(DBN)

Germany's 'Five-Wise-Men' Confirm Wealth Tax Is Coming
(DBN)

Germany Has Picked Its Next Two Targets After Cyprus --- Steinbrueck: Another Cyprus Can't Be Ruled Out
(DBN)

Europe's Austerity Era Could Be Coming to an End
(DBN)

______________

PIIGS:

Go bankrupt in Northern Ireland, Ben Dunne urges families in Republic --- Bank due back in court for Dunne bankruptcy bid
(DBN)

Greeks insist on WII reparations by Germany amid debt crisis --- Troika concludes Greek bailout review, next aid tranche soon - source --- Troika insists on swift sale of banks --- Greece will return to growth in 2014, says troika
(DBN)

EU to extend loan repayments for Ireland, Portugal
(DBN)

Of Course Portugal Should Default And Leave The Euro
(DBN)

______________

Canada:

Conservative call centre company granted bankruptcy protection
(DBN)

______________

China:

Suntech Power: Challenges under PRC Bankruptcy
(DBN)

China's rich kids post photos of their bank accounts online
(DBN)

China growth risks in focus as first quarter data falls short
(DBN)

Has China's Economy Hit a ‘Dead End’?
(DBN)

______________

MENA:

Egypt sells $600 million to import basic goods
(DBN)

______________

Grenada:

Creditors face loss in Grenada debt deal
(DBN)

______________

Mexico:

Mexico Facing A Masked, Armed Teachers Revolt
(DBN)

______________

Sweden:

How Sweden Became a Capitalist Model
(DBN)

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Copyright 2013