April 22, 2013

The Daily Bankruptcy News

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Law:

‘King of Bankruptcy’ Takes Aim at Fees
(DBN)

King & Spalding, K&L Gates, Skadden Arps: Business of Law
(DBN)

Weil Names New D.C. Managing Partner
(DBN)

In Hot Market, Some Laterals Forced to Cool Jets
(DBN)

Male-dominated lateral market hits gender diversity
(DBN)

Three Embarrassing Data Points
(DBN)

The Entire Legal Profession Is On The Verge Of Imploding
(DBN)

Klee, Tuchin, Bogdanoff & Stern Adds Top Attorneys In Corporate Finance And Mergers & Acquisitions
(DBN)

IWIRC Celebrates Members on 20th Anniversary
(DBN)

Dissolution Imminent? How to Handle it Well
(DBN)

UK: Dechert, Quinn and Weil among revenue risers in growth year for US firms
(DBN)

Lawyer courts UK charts in her alter ego as pop star
(DBN)

Teaching the Smartphone Generation: How Cognitive Science Can Improve Learning in Law School
(DBN)

This To Do List App Punishes You For Not Getting Things Done
(DBN)

10 Apps That Made My Life Better
(DBN)

Top 5 iOS Apps I Can’t Live Without --- LFM AmLaw 200/Global 100 Mobile App Report for 2013 --- Scan to PDF Apps
(DBN)

10 Mistakes to Avoid When Buying and Using Smartphones
(DBN)

Solving the Social Media Puzzle
(DBN)

5 Steps to Acquiring New Legal Technology
(DBN)

The Law of Female Attire: Don't Distract
(DBN)

Conflict: "Whilst I accept that the heart sometimes rules the head, nevertheless it does seem very unwise"
(DBN)

UK report: partnership dream fading, particularly for women
(DBN)

Newbie MBAs, Unlike Newbie JDs, Have Choices, Take Risks
(DBN)

Dodgers’ McCourts Return to Court to Fight Over Divorce --- Jamie McCourt wants do-over on ‘Bum’ deal
(DBN)

Foreclosure titan David Stern faces bar complaint --- Florida Continues To Pummel Stern
(DBN)

Lawyer loses part-time judge job, has license suspended over ‘romantic’ conduct with jailed client
(DBN)

Law School Scholarships & Grants — How to Finance Your Legal Education
(DBN)

Manhunt Ends With Capture --- Suspect Reportedly Awake And Responding To Questions --- Gripping Details Revealed Of Boston Firefight And Dzhokar Tsarnaev's Escape --- Boston Suspects Echo The Home-Grown Terrorists In Madrid And London Attacks --- Boston Hero Looked Guy in the Eyes Before Telling FBI ---- FBI Confirms Agents Interviewed Boston Bombing Suspect In 2011 --- The FBI Needs To Explain Why It Failed To Monitor Boston Bombing Suspect Despite A Clear Warning --- Rep. King Blasts FBI --- The ‘Public Safety’ Exception --- Woman Describes Visiting Home Of The Bombing Suspects --- How The Boston Bombing Suspect Became A US Citizen --- Suspects' Aunt Gives Blistering Interview And Suggests That Her Nephews Were Set Up --- The Tsarnaevs Seemed Like A Happy Immigrant Family --- Neighbors on Tsarnaev's Time in Dagestan --- Family Of Missing Student Falsely Named As Boston Suspect Bombarded With Hate Messages --- The Boston Bombings Could Be Disastrous For Immigration Reform --- Listen to the Boston Suspects' Uncle --- Public defender says will represent Boston bomb suspect --- We Know The Boston Bomber's Sleeping Cycles --- Marathon Lovers Fear The Races Will Become 'Soft Targets' For Terrorists --- The Mystery Of Tamerlan Tsarnaev's Trip To Dagestan --- Airlines offer flexibility for Boston flights
(DBN)

Frustrated by delay, cop allegedly pulled gun in McDonald’s drive-thru line
(DBN)

Authorities return PI lawyer’s computers, but he likely won’t have much chance to use them
(DBN)

A Cautionary Tale: The Epic Fall of Dickie Scruggs
(DBN)

Greenberg Traurig: Fired by Humana because of suspicion of leaking material information
(DBN)

Lawyer turns himself in after parking lot shooting
(DBN)

Grandma, 84, Pulls Gun on Burglar Hiding in Her Closet, Holds Until Police Arrive
(DBN)

Paralegal Steals, Attorney Suspended
(DBN)

After Man Asks Drivers to Slow Down, They Attack Him, Drive Straight onto His Lawn
(DBN)

Drunk man tossed from hotel, accused of stealing shuttle
(DBN)

Sex Change Didn't 'Magically Dissolve' Marriage
(DBN)

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Judges:

Juror’s glow reflected cellphone no-no; judge put him in jail
(DBN)

Lawyer is charged with contempt after she disregards judge’s order not to say another word
(DBN)

Judge: Criticized Maui conference won’t be back for years
(DBN)

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Wall Street:

Stock index futures gain, focus on earnings
(DBN)

Markets Are Rallying All Around The World
(DBN)

Stocks close higher in losing week
(DBN)

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Layoffs:

Employer’s Failure to Issue WARN Notification Excused Due to Abrupt Termination of Financing
(DBN)

7 Industries With Plummeting Wages
(DBN)

Jobless Rate Fell in 26 States in March
(DBN)

Millions Of Americans Can't Handle The Stress Of Work Anymore?
(DBN)

Up to 700 Engineers to be Fired at Boeing
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

American Airlines retiree benefit issue: Interesting background info
(DBN)

Pinnacle to fly exclusively for Delta
(DBN)

Frontier proves to be a carrier with nine lives
(DBN)

AGC Incorporated Initiates Section 363 Sale Process
(DBN)

Flight 3407 lawsuits set to resume
(DBN)

Boeing Dreamliner Again Cleared to Fly
(DBN)

FAA warns of 3.5 hour flight delays this summer --- Airlines group sues FAA to block air traffic control furloughs
(DBN)

Lufthansa strike sees 'massive' flight cancellations
(DBN)

US court denies Beechcraft challenge on plane deal
(DBN)

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Oil/Gas:

D&L - Bankruptcy should not affect royalty payments --- Bankruptcy filing spells out bank loan debts
(DBN)

3 Years Later: What BP's Disaster Has Taught America?
(DBN)

Tanker Finds No Buyer in US for Its Oil
(DBN)

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Coal:

Patriot CEO Hatfield: Bankruptcy ‘more painful than I ever would have imagined’
(DBN)

Investor assails Walter Energy's accounting
(DBN)

Virginia Supreme Court revives epic suit against Massey Coal For Ruining Coal Supply Business
(DBN)

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Newspapers:

Koch Brothers Want To Buy Chicago Tribune, LA Times, Et Al, To 'Make Sure Our Voice Is Heard'
(DBN)

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Trucking:

Case against Pilot Flying J involves extensive recorded conversations --- North Georgia company asks for class action lawsuit against Pilot Flying J --- Pilot Flying J fraud allegations put Haslam family's reputation on the line --- FBI: Pilot worker says Haslam knew of rebate fraud
(DBN)

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Lotteries:

Financier suffers setback in bankruptcy court in Miami lottery suit
(DBN)

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Economy:

Muddled World Economy Baffles Leaders
(DBN)

Central Bankers Admit They are Flying Blind
(DBN)

IMF says easy-money policies still needed
(DBN)

Inflation: Oh Really, It's Different This Time?
(DBN)

Accounting Change to Boost US Economy by 3%
(DBN)

Rail Traffic Continues To Trend Lower
(DBN)

API: US Oil Data Showing Slow Growth --- OPEC Watchful of Slumping Oil Prices
(DBN)

Leading Index’s Drop Points to Slower U.S. Growth
(DBN)

Pessimism on Economy is Increasing
(DBN)

For Anyone Who Thinks Debt, Spending, And Taxes Are At All Time Highs --- For Everyone Who Thinks That Foreigners Own A Huge Stake In America
(DBN)

So Much for Supply and Demand
(DBN)

Bowles and Simpson detail $2.5 trillion deficit reduction plan --- If at first you don't succeed: Simpson and Bowles are back with another deficit plan
(DBN)

It's Going To Be A Busy Week For The Economy
(DBN)

U.S. sequester budget bludgeons families with two government jobs
(DBN)

Wealthiest Own 72%, Poorest Only 3%
(DBN)

IRS Will Close To Public For Five Days Due to Furloughs
(DBN)

Empirical evidence can be overrated: Theory counts --- UMass cites Harvard flaw --- How much of Reinhart/Rogoff has survived?
(DBN)

Real Cost of Terrorism: Billions and Trillions
(DBN)

Even Bill Gross Has Now Turned On The Austerity Movement
(DBN)

China Manufacturing Costs Rising to US Level --- U. S. Achieves Parity with Mexico as a Preferred Manufacturing Location; To Achieve Cost Parity with China by 2015
(DBN)

American Poverty: Too Broke for Bank Account
(DBN)

Young America's Irrational Optimism
(DBN)

You Know You Are in a Bubble When....
(DBN)

Shunning the American Dream to Return Home
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Wilmington Trust Seeks Standing To Sue Ally Financial Over ResCap Claims --- ResCap Noteholders Seek Court Permission to File Lawsuits
(DBN)

Housing Bubble Talk Returns
(DBN)

Mortgage fraud scheme results in multiple sentences
(DBN)

The gap between large and small homebuilders widens
(DBN)

AIG Wins Ruling on Court for Its Bank of America Lawsuit
(DBN)

The Red Flag on the Housing Market
(DBN)

Regulators Must Take Responsibility for Failed Foreclosure Review
(DBN)

____________

Education:

KC Art Institute pursuing donation pledge - donor bankrupt
(DBN)

______________

Telecoms:

Get Ready For Massive Takeover Bids In The Telecom Industry
(DBN)

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Food/Beverage:

More Evidence That The Gourmet Cupcake Bubble Has Popped
(DBN)

CEDC will not pay compensation to its shareholders
(DBN)

USDA suspends PACA licenses of four companies
(DBN)

The Worst Supermarkets In America
(DBN)

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Celebs:

The Broke and the Beautiful: Solo Edition
(DBN)

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Banking:

No Getting Away from Bank Failures and Bank Failure Lawsuits
(DBN)

Chipola Community Bank, FL, Closed By Regulators
(DBN)

Heritage Bank of North Florida, FL, Shuttered By Regulators
(DBN)

First Federal Bank, Lexington, KY, Closed By Feds
(DBN)

FDIC claims Lynnwood bank CEO bullied board over pay
(DBN)

FDIC sues Florida law firm over failed bank
(DBN)

More homeowners are spending on home improvement
(DBN)

______________

Photography:

Kodak's Chapter 11 deadline bumped again
(DBN)

Alvarez & Marsal Issues Clarification On Kodak / UniPixel Deal
(DBN)

______________

Shipping:

Is Excel Maritime Close to Filing for Bankruptcy Protection?
(DBN)

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Mass Torts:

West Texas: A Town Deeply Traumatized --- Total Destruction --- Tragedy Has Hit Every Family --- 12 Dead, 60 Unaccounted For --- Fertilizer Facility was Cited, Fined in Past --- Satellite Photos Before and After --- Could Your Town Explode? Use This Map To See If You're Near A Fertilizer Plant --- Could better regulatory enforcement have prevented deadly Texas fertilizer plant explosion?
(DBN)

Florida becomes 4th state to sue BP over 2010 Gulf of Mexico oil spill --- Mississippi becomes 3rd state
(DBN)

BP's legal gamble may trim spill bill by billions
(DBN)

Maker of faulty French implants denies danger to women
(DBN)

______________

Electricity:

Biggest LBO Collapse Seen as Boon to Texas Power Market
(DBN)

______________

Video Games:

THQ Files Plan to Pay Creditors From Proceeds of Sales --- THQ Bankruptcy Auction Ends with $6 - $7 Million Total --- Court details how WWE and Yuke's extracted themselves from THQ's bankruptcy
(DBN)

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Autos:

American dealer gets clever following death of Suzuki USA
(DBN)

Report: Fisker Spent $660,000 for Every Fisker Karma
(DBN)

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Health Care:

Pennsylvania Lawmakers: Highmark-West Penn Deal May Hurt Small Hospitals
(DBN)

8 Recent Hospital and Health System Layoffs --- Layoffs Loom as Orlando Regional Med Center Plans to Close Patient Pavilion
(DBN)

'No-Frills' Hospitals, Where Heart Surgery Costs Just $800
(DBN)

New Simpson-Bowles Budget Would Cut $585B From Healthcare, Raise Medicare
(DBN)

______________

Defaults:

Credit Spreads to Flatten as Defaults Rise, IACPM Survey Says
(DBN)

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Hotels:

Oxford goes ‘where others fear to tread’
(DBN)

______________

Retailing:

J.C. Penney Hangs By A Thread
(DBN)

______________

Compensation:

Court Allows Creditor to Garnish Top-Hat Plan Benefits
(DBN)

______________

Rating Agencies:

S&P Early Victory in U.S. Fraud Suit Seen as Unlikely
(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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Bankruptcy Statistics:

WD TN: Bankruptcies Dip Slightly as Economy Improves
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Ethics:

Bankruptcy task force lays out ethics 'best practices'
(DBN)

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Avoidance Actions:

District Court Dismisses Insider Preference Claim Despite Affiliates Holding Equity and Board Seats
(DBN)

______________

Claims Trading:

Claims Trading From The Inside Out: Ninth Circuit BAP Holds That A Non-Insider Claimant's Vote On A Plan Is Not Discounted Merely Because The Claimant Purchased Its Claim From An Insider
(DBN)

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Cross-Border:

There’s No Place Like “COMI”: Court Denies Chapter 15 Recognition of UK Bankruptcy Case After Determining that Debtor’s Center of Main Interests is in the US
(DBN)

In re Fairfield Sentry Ltd.: Second Circuit Court of Appeals Provides Guidance to "COMI" Determinations in Chapter 15 Cases
(DBN)

______________

Professional Employment:

Billionaire Ross takes aim at bankruptcy fees
(DBN)

Fourth Circuit says no conflict of interest in law firm’s appointment
(DBN)

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Bankruptcy Reform:

Bankruptcy Reform Commission Field Hearing - April 19 - Witness Statements: Wilbur Ross --- Hon. Dennis Dow --- Hon. Barbara Houser --- Daniel Dooley --- Holly Felder EtlinJohn Haggerty
(DBN)

"Word in the hallways is that some trustees are getting out of the business given the additional complexities caused by unrepresented debtors"
(DBN)

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Exemptions:

Wife's Homestead Claim Remains in Limbo With No Answer From Fifth Circuit
(DBN)

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Bankruptcy Fees:

New Bankruptcy Claim Transfer Fee To Go Into Effect on May 1, 2013
(DBN)

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Recent Pleadings:

Ampal-American Trustee Asks For Conversion - Estate Administratively Insolvent
(DBN)

Conexant Gets Go Ahead To Solicit Votes On Prepack
(DBN)

Court Orders Appoint Of Trustee For Universal Healthcare
(DBN)

Wilmington Trust Defends $5.5M Substantial Contribution Claim, Says It, Not Debtor Or Committee, Caused LBO Claims To Have Value
(DBN)

Howrey Committee And Trustee Says Firm That Hired Former Partner Trying TO Forum Shop "Unfinished Business" Fight
(DBN)

______________

TBTF:

Fed Officials Back Higher Capital
(DBN)

______________

Litigation:

AIG beats Bank of America by a comma in removal dispute
(DBN)

Clawback Agreements to Eliminate the Burden of Privilege Review
(DBN)

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Municipalities:

Jefferson County Bankruptcy Court Rules That Automatic Stay Applies to Action Even Though the County is Not a Named Defendant
(DBN)

Jefferson County's plans to begin bankruptcy exit in next 60 days
(DBN)

Detroit emergency manager eyes end to union bargaining
(DBN)

San Bernardino: Bigger Finance Department needed?
(DBN)

Stockton Retirees Worry Pension Cuts Follow Health Losses
(DBN)

Is it time to restructure CalPERS?
(DBN)

Pension fee hikes seen positive for California govts
(DBN)

In Congress, a Bill Seeks to Tie Municipal Borrowing Power to Public Pension Disclosure
(DBN)

Deficits at National, State Level Falling Fast
(DBN)

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Student Debt:

Some Hope for Student Loan Debtors
(DBN)

How Debt-Ridden Students Can Help the Economy
(DBN)

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Mining:

15% of World Gold Miners Face Collapse
(DBN)

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Sovereigns:

NML et al Decline Argentina's Offer ... and Ratable, Elaborated
(DBN)

Argentina Bondholders Reject Plan to Pay Defaulted Debt --- Argentina and an offer easily refused
(DBN)

Was that promise of ratable payment wrong? Should Italy not have done that?
(DBN)

______________

UK:

England May Be in Third Recession
(DBN)

Fitch Strips England of AAA Credit Rating
(DBN)

George Osborne prepares for battle with the IMF --- IMF adds pressure on UK to change economic course
(DBN)

Portsmouth Given 10-Point Penalty After Exiting Administration
(DBN)

Jade Goody's Estate Faces Bankruptcy After Taxman Takes £1m Fortune - Leaving Her Two Sons With Nothing
(DBN)

British firms' profits look stable. Dig deeper and things get more worrying
(DBN)

Growing concern on going concern
(DBN)

UK lawmakers want review into RBS-Lloyds "bad bank"
(DBN)

______________

EU:

Austerity lowers eurozone deficit in 2012
(DBN)

German finmin wants investors involved in future bailouts
(DBN)

Europe's Economy Is Dead, Needs Central Bank CPR
(DBN)

Slovenia Central Bank Chief Says Country Can Avoid Bailout
(DBN)

The debt-ridden EU stares bankruptcy in the face
(DBN)

European Fund Managers Seen Doubling Salaries on Bonus Caps
(DBN)

Russia Ties Cyprus Loan Terms to Release of VTB Assets --- Cyprus Gambling On Casinos For Rebound
(DBN)

______________

PIIGS:

ie: The jury is out on whether this flawed insolvency regime will work --- Banks must act on debt or lose more to bankruptcies
(DBN)

CITI: We Think Both Greece And Cyprus Will Exit The Euro --- Greece's great fire sale --- Greek Banks Immune For Political Loans --- Greek Pension Funds On The Brink --- Many Greeks Prefer Junta To Austerity
(DBN)

Italian Government Borrowing Costs Are Plunging --- Hollow Victory for Italy as More Turmoil Looms
(DBN)

______________

Canada:

North Shore Manor on the brink of bankruptcy
(DBN)

Canada: Auto Production in Long Term Decline
(DBN)

Alvarez & Marsal Expands Canadian Business Consulting Unit
(DBN)

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Copyright 2013