April 16, 2013

The Daily Bankruptcy News

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Law:

Boston Law Firms Shaken by Blasts
(DBN)

Q&A: Ed Weisfelner on Dewey, Lyondell and being direct
(DBN)

$720 mln fee request in credit card case is audacious, risky
(DBN)

Reinvent BigLaw Into, well, Us
(DBN)

Beyond The Lawyer Bubble
(DBN)

Big Classes, Slow Jobs Market Are Bad News for 2012 Grads
(DBN)

Billing That Much For Contract Attorneys Isn’t ‘Unusual’ or ‘Untoward,’ It’s Obscene
(DBN)

Wachtell, WilmerHale, Cravath, Skadden: Business of Law
(DBN)

Origination Credit: Cage Match in Business Suits
(DBN)

A Higher Calling - With the support of his firm, an Am Law 100 partner joins the clergy
(DBN)

Law firms face suits over copying journal articles used to support filings
(DBN)

Dispute Arises Over Cost of Temp-Help Lawyers
(DBN)

25 Northeast law schools, ranked by graduate employment rate
(DBN)

Standard & Poor's downgrades Albany Law School
(DBN)

Justice Department wants to add dozens of lawyers
(DBN)

Need a Job? 5 Reasons to Head to D.C.
(DBN)

The S--iest Lawyers In America!
(DBN)

A Polygamist and His Paralegal
(DBN)

Toby Ziegler: Teaching Us to be Better Lawyers
(DBN)

Top 10 Annoying Clichés Lawyers Love
(DBN)

Financial Crimes Authorities Investigating Disappearance of Florida Attorney
(DBN)

ATL March Madness: The Law Firm With the Brightest Future — Champion
(DBN)

ABA Releases Jobs Data for Graduates of New York Law Schools
(DBN)

Chevron Under Attack in the Ecuadorian Legal Battle
(DBN)

Riot Police Called In As Students Ran Amok At Rutgers
(DBN)

Arrest raises hopes of progress in killings of Texas prosecutors
(DBN)

Death Toll Stands At 3, 140 Injured In Attack On Boston Marathon — Law Enforcement Still Searching For Suspects --- CBS: Saudi Man In Custody Was Tackled By Bystanders At Boston Marathon --- The New York Post Says 'Saudi Suspect' Held In Boston Bombings Despite Police Denial --- Boston Hospital Confirms Doctors Are Treating Shrapnel Injuries, 'Several Amputations' From Marathon Blast
(DBN)

Cops: Woman Called 911 Seeking Divorce
(DBN)

Teen arrested for calling 911 to complain about 'how mom was talking to him'
(DBN)

6-year-old drives family car, heads to Chinese restaurant
(DBN)

Carjacker caught because he couldn't drive stick
(DBN)

Say What?!
(DBN)

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Judges:

Oops. Judge holds himself in contempt when his own cellphone rings during court hearing
(DBN)

The Chief Justice, a Dean, and a Newspaper All Walk Into a Censorship Scandal
(DBN)

At SCOTUS, Maryland Judge Finds Tables Turned
(DBN)

Courthouse screeners enforce ban on cellphones ... and a pet duck
(DBN)

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Wall Street:

US stock futures reclaim lost ground
(DBN)

Wall Street Soars as Rest of Economy Limps Along
(DBN)

Wall Street posts worst day since November 7 on gold's drop, Boston blasts
(DBN)

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Layoffs:

Employers Less Interested in College Major Than Critical Thinking Skills, Survey Finds
(DBN)

Companies won’t even look at resumes of the long-term unemployed
(DBN)

This Laid Off Ad Man Wrote The Perfect Exit Email
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hedge Funds:

Top 25 hedge fund managers made $14 billion in 2012
(DBN)

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Health Care:

Scooter Store Files Bankruptcy With Plan to Sell Assets --- Plans sell assets following investigations
(DBN)

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Municipalities:

Jefferson County Judge Won't Let JPMorgan Suit Proceed
(DBN)

State-appointed receiver leaving Central Falls, RI
(DBN)

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Lehman:

Why I Left Lehman: The Spoiled Cynicism of Wall Street
(DBN)

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Engineering:

Birdsall Agrees To Pay $2.6 Million Settlement
(DBN)

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Celebs:

Rich, Famous and Tussling with the Taxman
(DBN)

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Turnarounds:

Turnaround Management Association Of New York Announces 2013 Board Members And Pro Bono Initiative
(DBN)

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Alternative Energy:

LDK Solar defaults on US$23.7 million bond
(DBN)

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Trucking:

FBI and IRS raid Pilot Flying J truckstop headquarters
(DBN)

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Economy:

Gold tumbles as China data hits commodities, stocks --- China Stuck With Sub-8% Growth as G-20 Confronts Slowdown
(DBN)

Boston Fed President Eric Rosengren on unemployment and the outlook for QE
(DBN)

Widening Gap in Views of Federal, State and Local Governments
(DBN)

Everything We Know About What’s Happened Under Sequestration
(DBN)

CEOs Earn 365 Times Average Worker's Pay
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Builder Confidence Hammered by Rising Costs
(DBN)

Elizabeth Warren's statistically savvy dismantling of regulators' $9.3 billion foreclosure settlement
(DBN)

Behind the foreclosure surge in New York, New Jersey
(DBN)

Lawyer convicted in $50M Las Vegas mortgage scheme
(DBN)

Do MBS trustees have power to make global put-back deals?
(DBN)

Existing Home Inventory is up 9.6% year-to-date on April 15th
(DBN)

FinCEN: Suspicious foreclosure rescues alert investigators
(DBN)

FNC: House prices increased 6.1% year-over-year in February, At 28 Month High
(DBN)

Federal Court Refuses to Toss Bank of America Class Action
(DBN)

Michigan appeals court rules mortgage registry's role is valid
(DBN)

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Banking:

Citigroup profit spikes 30%
(DBN)

JPMorgan hit with new investor lawsuit over 'Whale' losses
(DBN)

Deutsche Bank confirms is cooperating with authorities on Libor
(DBN)

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Retailing:

JCPenney: First Challenge for CEO Mike Ullman Is Financing
(DBN)

Penney looking under the cushions
(DBN)

JCP ‘Air’ heads
(DBN)

Penney Wounded by Deep Staff Cuts
(DBN)

J.C. Penney job No. 1: Calming vendors
(DBN)

Orchard Supply Readies For May 1 Restructuring Deadline
(DBN)

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Telecoms:

Is Egren angling for a Clearwire bankruptcy?
(DBN)

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Imaging:

Kodak to sell document imaging assets to Brother for $210 m
(DBN)

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Electricity:

EFH to make May debt payments to buy time for bankruptcy
(DBN)

Energy Future Holdings preparing for prepackaged bankruptcy
(DBN)

Texas power company Energy Future proposes prepackaged bankruptcy
(DBN)

Energy Future Issues Opening Salvo as KKR, TPG Seek Stake
(DBN)

Energy Future Sees 33% Earnings Drop as Gas Hedges Expire
(DBN)

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Tax:

“Auditing” an EDNY Decision with a Plethora of Tax Issues (Part One)
(DBN)

Why doing your taxes is much harder than it ought to be
(DBN)

Americans' Faith in Tax Fairness Hits 10-Year Low
(DBN)

The Top 10 Private Equity Loopholes
(DBN)

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Mass Torts:

Texas City Refinery Neighbors Sue BP for Billions of Dollars
(DBN)

BP manager testifies at trial over Gulf oil spill
(DBN)

Bankrupt Meningitis Pharmacy Battles States Over Insurance
(DBN)

BP Official Says He Wasn’t to Blame for Rig Explosion
(DBN)

Massachusetts pharmacy wants same lawyers in bankruptcy case
(DBN)

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Aviation:

AMR Files Bankruptcy -Exit Plan Based on US Airways Merger
(DBN)

Doug Parker to employees: Why I earned $5.5 million in 2012
(DBN)

Southern Air Completes Financial Restructuring And Emerges From Chapter 11
(DBN)

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Fraud:

Madoff trustee cannot block $410 mln Merkin accord-judge
(DBN)

US to fault JPM on Madoff botch
(DBN)

Rochdale Rogue sez he’s guilty
(DBN)

Limits of Insider Probes Expand
(DBN)

Scruggs’ conviction upheld by federal appeals panel
(DBN)

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Gambling:

Former Full Tilt Poker CEO pleads guilty, avoids prison time
(DBN)

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Bankruptcy Crimes:

Man gets probation for bankruptcy -related fraud
(DBN)

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Coal:

Rally to protest Patriot bankruptcy plan
(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 (97 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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Plan Confirmation:

Can a Plan of Reorganization Separately Classify a Claim That Is Personally Guaranteed?
(DBN)

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Settlements:

Settlement Is in Best Interest of Estate; Not ‘Outside the Realm of Reasonableness’
(DBN)

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Sales:

Court holds that Successor Clause in Expired Collective Bargaining Agreement Does Not Prevent Sale of Debtors' Businesses
(DBN)

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Recent Pleadings:

Dodgers Bankruptcy Judge Shuts Down McCourt's Ex-Wife's Efforts To Dig Into Mediation
(DBN)

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Events:

Clean Up In Aisle 9: Distressed M&A and Reorganization Opportunities and Challenges in the Retail Grocery Sector
(DBN)

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TBTF:

US bank regulators gain ground against too-big-to-fail bailouts
(DBN)

Feds' 'Too Big to Fail' Team Wages Perception War
(DBN)

Goldman Sachs may have just inadvertently strengthened the case for breaking up the big banks
(DBN)

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Consultants:

Norma Corio Joins Miller Buckfire As Co-President
(DBN)

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Insurance:

M&A Representations and Warranties Insurance:What Every Buyer and Seller Needs to Know
(DBN)

D&O Insurance: Fourth Circuit Affirms That Convicted Exec Must Repay Insurer for Defense Expenses
(DBN)

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Student Debt:

How Obama Wants to Change Student Loan Interest Rates
(DBN)

Since 2007, student debt has doubled to $1.1 trillion
(DBN)

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Small Business:

Uh Oh, Obamacare Math Sinks In for Small Businesses
(DBN)

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Biotech:

Judge turns down motion to appoint examiner or trustee in Biovest
(DBN)

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Baseball:

LA Dodgers Secret Deal Can't Be Used in Divorce: Judge
(DBN)

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Sovereigns:

Argentina May Get US High Court Hearing in Bond Case --- Cristina and the Supremes
(DBN)

Argentina Default Risk Causes MFS Withdrawal
(DBN)

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UK:

Corporation tax returns up 40%
(DBN)

Growing confidence among CFOs
(DBN)

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EU:

Draghi Says ECB Policy Can't Address Root Causes of Euro Crisis
(DBN)

Big depositors in Cypriot banks to lose 8.3 bln euros
(DBN)

Watchdog raises data protection concerns about proposed EU insolvency law reforms
(DBN)

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PIIGS:

Ulster Bank wants to serve bankruptcy proceedings on Sean Dunne in Ireland --- Ulster Bank battles to serve Dunne's bankruptcy papers
(DBN)

Pescanova chairman sold shares before crisis struck
(DBN)

Greece to sack state workers to unlock bail-out
(DBN)

Monte Paschi Prosecutors Seize $2.3 Billion of Nomura Assets
(DBN)

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MENA:

UAE credit bureau's June start time challenging - bankers
(DBN)

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China:

Moody's lowers China outlook after Fitch downgrade
(DBN)

Ford Expects 40% of Sales From China By End of Decade
(DBN)

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