April 24, 2013

The Daily Bankruptcy News

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Law:

BCGSearch State of the Market Report - Spring 2013 - Legal Industry Trends for Attorneys
(DBN)

Former Dewey chairman agrees to pay more than $500K to settle mismanagement claim
(DBN)

UK Revenues Up For US-Based Firms
(DBN)

Queen of Toxic Torts, Sheila Birnbaum, Decamps From Skadden for Quinn Emanuel
(DBN)

NY Law Journal Names 2013 Young Rising Stars
(DBN)

The Most Influential Lawyers in the World: Meet the Attorneys on the Time 100
(DBN)

Law is a sturdy profession
(DBN)

This law firm really wants you to like it
(DBN)

The Big Data Opportunity and Challenge for Law Firms
(DBN)

Review: Time Master + Billing by On-Core Software -- track your time on the iPhone
(DBN)

No Experience Offered
(DBN)

U of Texas put ‘golden handcuffs’ on law faculty with help of $213M private foundation
(DBN)

How Much Does Your Law Professor Make? UVA Law Edition
(DBN)

JD Class of 2013: Banks don't want you
(DBN)

Happy Administrative Professionals Week!
(DBN)

Marathon Host Taps Wilmer for Possible Attack-Related Legal Matters
(DBN)

Boston Bombing Suspect Reportedly Cites US Wars As Motivation ---Why The FBI Wasn't Tracking Tamerlan Tsarnaev's Every Move --- The Case Against Dzhokhar Tsarnaev: A Guide --- Injury Count Still Rising Sharply For Boston Marathon Bombings --- Why CNN Made So Many Errors In Its Boston Coverage --- Bombing Suspect's Wife Is A Doctor's Daughter Who Planned To Join The Peace Corps --- Bomb Suspect Purchased Fireworks --- Bomb Suspect Charged in Federal Court --- Highlights From Complaint Against Boston Bombing Suspect --- Spotlight On Federal Public Defenders --- Public defender takes on big task --- The Lawyers Representing Dzhokhar Tsarnaev --- Family Members Says Bombing Suspect Was Influenced By Mysterious Muslim Radical Named 'Misha' Who Took Over His Brain --- By Trying Tsarnaev As A US Citizen, The White House Has Stirred Up An Old Debate
(DBN)

3rd Grade Teacher On The FBI's Most Wanted List Captured In Nicaragua
(DBN)

The Lawyer’s Workout
(DBN)

Pregnancy complications led to Latham firing secretary, suit says
(DBN)

Cop Smells Pot While Driving; Phoenix Woman Pulls Bag of Weed and Pipe Out of Her . . .
(DBN)

Next Time, Try Harder If You Want to Sue a Celebrity
(DBN)

You Can't Write About Me Because of Your Blog's Name!
(DBN)

NYU Student Arrested For Allegedly Keeping Air Rifles In His Dorm Room
(DBN)

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Judges:

Judge Bonds Out of Jail
(DBN)

Supreme Court Won’t Stop Federal Judges Getting Cost-Of-Living Increases Despite Sequester Cuts
(DBN)

Public Defenders for Boston Suspect Facing Furloughs
(DBN)

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Wall Street:

Stock Futures Signal Another Day of Gains
(DBN)

Stocks plunge, recover after fake tweet
(DBN)

A Hipster Explains What It's Like To Work On Wall Street
(DBN)

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

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Layoffs:

Survey rates 10 best and worst jobs for 2013
(DBN)

'Follow Your Passion' Turns Out To Be Terrible Advice
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

House chairman bars consumer bureau chief from testifying --- Waters vows to fight GOP ban
(DBN)

Senator McConnell Says We Shouldn't Have a CFPB At All
(DBN)

Cordray taking punches from GOP in House, Senate
(DBN)

SEC Names Ex-Wilmer Partner as New General Counsel
(DBN)

Hazy Future for Thriving S.E.C. Whistle-Blower Effort
(DBN)

One of SEC's Best Weapons May Be in Jeopardy
(DBN)

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Celebs:

Janice Dickinson bankruptcy: Puckered lips and taxes helped to render her broke --- Debts To Dermatologist, Anti-Aging Expert
(DBN)

Lance Armstrong Sued For Becoming 'Unjustly Enriched' By US Postal Service
(DBN)

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Food/Beverage:

3 creditors ask court to liquidate Hilo brewer
(DBN)

The 45 Best Restaurants In America
(DBN)

Man Saves McDonald's Burger For 14 Years - Just Like New
(DBN)

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Student Debt:

The Notion That Student Loans Are Destroying The Economy Is A Complete Myth
(DBN)

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Valves:

Yarway Corp., Industrial Valve Maker, Files Bankruptcy
(DBN)

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Photography:

Kodak works out deal for back taxes
(DBN)

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Tax:

“Profit Shifters” Face Global Crackdown
(DBN)

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Mass Torts:

West Tx. Plant: No Full Inspection in 3o Years
(DBN)

What BP Doesn't Want You to Know About Spill
(DBN)

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Lehman:

GE Pension Claim on Lehman Brokerage Cut to $5.8 Million
(DBN)

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Bonds:

Chesapeake, Bank of New York, square off in bond trial
(DBN)

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Retailing:

Penney Works With AlixPartners on Cost Savings
(DBN)

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Economy:

A Rise in Wealth for the Wealthy; Declines for the Lower 93% --- 93% of households lost net worth 2009-11 --- Change in worth by household category
(DBN)

The global economy is losing steam
(DBN)

US Flash PMI Falls To 52.0
(DBN)

PwC US Survey Finds Uptick in Economic Optimism, Hiring Plans
(DBN)

Boomers Downsizing Hasn't Happened Yet
(DBN)

How Obama's tax hikes would hit the rich and middle class
(DBN)

Which Corporations Pay the Most Taxes?
(DBN)

On National TV Last Night, The Austerity Movement Became A Laughingstock
(DBN)

Obama Budget Spreads the Tax Pain --- Even the poorest of the poor pay more taxes under Obama's budget
(DBN)

Morici: To Boost Growth, Everyone Should Pay Income Tax
(DBN)

Everything You Think You Know About The 'Big Bad Fed' Is Wrong
(DBN)

GDP And The iPhone Problem
(DBN)

The Excel Error Heard 'Round the World - Who's defending austerity now that the research has been questioned?
(DBN)

The Shale Boom Has Added Almost Nothing To The US Economy
(DBN)

Coming Challenge to US Economic Dominance
(DBN)

The Retirement Gamble
(DBN)

ATA Trucking Index increases in March
(DBN)

The $2 trillion shadow economy is the recession’s big winner
(DBN)

The U.S. oil and gas boom has had a modest economic impact — so far
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Q1 California Foreclosure Starts Lowest Since Late 2005
(DBN)

Sales of New Homes in US Climb 1.5% to 417,000
(DBN)

Fannie Mae economist: Housing recovery faces rough road ahead
(DBN)

Freddie Mac data shows fixed mortgage rates decline for third consecutive week
(DBN)

Concierge Auctions accused of fraud, as court battle between rival housing auction firms heats up
(DBN)

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Municipalities:

In new budget, bankrupt San Bernardino votes to pay Calpers, not bondholders
(DBN)

Jeffco continues to negotiate with creditors in bankruptcy
(DBN)

S&P, Ambac Must Face Claims by California Cities: Judge
(DBN)

Budget Shocker: LA Shows $119 Million Surplus --- Budget Calls For Pay Freeze
(DBN)

Detroit, California, Jefferson County…Oh My!
(DBN)

Detroit Emergency Manager asserts contract authority
(DBN)

Wayne County faces serious cash flow problem; is emergency manager next?
(DBN)

Detroit's emergency manager still hopeful of turning city around
(DBN)

Oops! New York's Suffolk County accidentally defaults on debt
(DBN)

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Brokers:

Corzine Sued by Trustee Freeh Over MF Global Failure --- The Complaint --- The case against Jon Corzine --- Alleges Corzine and two other executives were "grossly negligent" --- Did Jon Corzine Pick the Wrong Failing Company? --- Finally someone with guts to go after Corzine --- The Distinction That Makes Jon Corzine Worse Than Wall Street CEOs From The Financial Crisis
(DBN)

For Colorful Comments, Count on Chilton
(DBN)

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Health Care:

Bankruptcy Trustee Named for Universal Health
(DBN)

Affymax Enters Restructuring/CRO Agreement with Brenner Group
(DBN)

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Compensation:

Regulators Get Banks to Rein In Bonus Pay
(DBN)

Are Bonuses an Obstacle to Shareholder Value?
(DBN)

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Aviation:

US Airways CEO Doug Parker updates progress in merger with American Airlines
(DBN)

US Airways posts first-quarter net profit, says early integration planning with American Airlines is “going well”
(DBN)

Beech Hopes To Sell Jet Business This Summer
(DBN)

U.S. airline traffic rose 1.6 percent in January from a year earlier
(DBN)

Congress, Mother Nature Both Adding To Flight Delays
(DBN)

Southwest Airlines issues travel advisory warning passengers to expect possible flight delays related to FAA employee furloughs
(DBN)

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Coal:

Patriot Coal Reaches Accord on Nonunion Worker Benefits
(DBN)

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Fraud:

Ted Mondale to Pay $50K in Petters Clawback
(DBN)

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Autos:

Fiat near to securing finance for Chrysler buyout-sources
(DBN)

Obama administration had advance warning on Fisker
(DBN)

Government loan to Fisker to be scrutinized in congressional hearing
(DBN)

Fisker Automotive's "On Time" 1st $21M Payment on $192M D.O.E. Loan Used Loophole in Loan Agreement, Tapped "Restricted-Cash Account" -- "D.O.E. Acted Like a Landlord Who Accepted a Tenant's Security Deposit in Place of the Month's Rent"
(DBN)

Fisker teeters on edge as shaky finances leave it owing taxpayers nearly $200M
(DBN)

Breaking Down on the Road to Electric Cars
(DBN)

Former GM Willow Run plant may be demolished
(DBN)

Tesla Shares Hit Record High
(DBN)

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Resorts:

Stablewood bankruptcy advancing
(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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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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Sales:

Bankruptcy Court to NY Department of Labor: “Tough(er)Luck”
(DBN)

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Discharge:

Persistent Falsehoods Doom Bankruptcy Petition of Rabbi, His Wife
(DBN)

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DIP Finance:

Delaware Bankruptcy Judge Enforces Makewhole Provision Over Objection of Creditors' Committee
(DBN)

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Exemptions:

In circuit split, court says inherited IRA fair game in bankruptcy
(DBN)

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Recent Pleadings:

MF Global Trustee Sues Corzine
(DBN)

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Litigation:

Will federal discovery be streamlined? Proposals would limit depositions, emphasize proportionality
(DBN)

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TBTF:

Fed Still Owes Congress a Blueprint on Its Emergency Lending
(DBN)

Senators offer details on bill to limit too - big-to-fail banks
(DBN)

Greenberg's AIG Case Is Intriguing, but Doomed
(DBN)

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Insurance:

D&O Insurance to Fund Entire "Largest Ever" $139 Million News Corp. Derivative Suit Settlement
(DBN)

D&O Litigation Will continue to Increase, Lishner Says
(DBN)

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Securities:

A Tale of How Successfully Raising Capital Leads to Bankruptcy
(DBN)

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Pensions:

The Gap Between What's In Corporate Pensions And What They Owe Retired Workers Grew Again
(DBN)

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Shipping:

Greek Shipowners Snapping Up Vessels
(DBN)

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Rating Agencies:

Credit-ratings firm seeks dismissal of US suit, says its statements about independence were puffery
(DBN)

S&P Can't Put Brakes on California AG Suit
(DBN)

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Debt Collection:

Deadly debt
(DBN)

Texas AG secures asset freeze against debt management company
(DBN)

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Financial Literacy:

Savers vs. pirates: Teaching your kids to save
(DBN)

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Sovereigns:

Elliott Rejects Argentina's Latest, Likely Final Offer
(DBN)

NML Pulls no Punches in its Response to Argentina’s Ratable Payment Proposal
(DBN)

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UK:

HSBC to Cut Around 1,150 UK Jobs
(DBN)

HMRC asset seizures double over unpaid VAT
(DBN)

HMRC announces record £220m haul from wealthy taxpayers
(DBN)

Accountant in Bankruptcy : Sharp fall in insolvencies
(DBN)

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EU:

Investors Mull Freeing Cyprus Depositors — For a Price
(DBN)

Bad Banks in Germany, Austria Beat Goals as Crisis Eases
(DBN)

EU Thinks the Unthinkable: Defaulting on Their Debt
(DBN)

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Lithuania:

Lithuanian Court Agrees to Hear Ukio Bankas Bankruptcy Request
(DBN)

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China:

China's Recovery Falters as Manufacturing Growth Cools
(DBN)

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South Korea:

Distress spreads in South Korea
(DBN)

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Iceland:

Iceland bank debt writedown inevitable, likely next PM says
(DBN)

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