April 3, 2013

The Daily Bankruptcy News

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Law:

They train too many lawyers.
(DBN)

The Case Against Law School
(DBN)

Rethink Law
(DBN)

Who knew conflict checking could be so juicy?
(DBN)

Departure Memo of the Day: After Biglaw, Everybody Should Find Their Zihuatanejo
(DBN)

No Money, No Lawyer: Third Circuit OKs Attorney's Exit From Case
(DBN)

Law Firm Partner Accused of Sexual Harassment Fires Back --- Faruqi & Faruqi hits ex-associate with $15 mln counterclaim --- ‘Obsessed’ --- Nobody Puts Faruqi in the Corner
(DBN)

Ex-clients Sue Hogan Lovells Over $36M Loss
(DBN)

Schnader Sued in N.Y. After Client's Stock Options Expire
(DBN)

Troutman Sanders, Duane Morris, Weil: Business of Law
(DBN)

Bingham, Sidley, Jones Day, Sullivan: Business of Law
(DBN)

SRZ Adds Leading European Restructuring Partners to London Office
(DBN)

Sidley Austin snags 11 lawyers from Bingham McCutchen
(DBN)

In Defense of In-House Counsel Compensation
(DBN)

Cooley mulls ‘formal affiliation’ with Western Michigan University
(DBN)

Law school graduates aren't finding much on the employment docket
(DBN)

Me Get Part-Time Job? That’s Unpossible!
(DBN)

Who Are Chicago’s Happiest Law Students?
(DBN)

Gunner Storms Out Of Class, Sends Snarky Email To His Law Professor
(DBN)

Undeterred by declining applications, University of Michigan Law School keeps admissions practices same
(DBN)

The Most Overrated and Underrated Law Schools
(DBN)

Read This or Die Alone: Advice for the Young Women of Law School
(DBN)

Citrix reports that iPhone/iPad are the preferred platform for 98% of law firms
(DBN)

26 Time Management Hacks
(DBN)

Cloud-Based Matter Management
(DBN)

A Law Firm Stands Out for Its Work, Not Its Gender Makeup
(DBN)

Linklaters partner: female board quotas would rub off on law firms
(DBN)

Lawyer Accused Of Betraying One NYC Mayor Candidate In Plot To Rig Election For Someone Else
(DBN)

Search warrant seeks cellphone records in DA’s slaying; why did security detail leave? --- Courthouse Employees On Edge, Ask For Police Escorts --- Slaying First Time in History Wife of U.S. Prosecutor Has Been Targeted --- Search Warrant Sheds Light on Investigation --- Texas DA Was Shot 20 Times
(DBN)

Trump withdraws 'orangutan' lawsuit against comic Bill Maher
(DBN)

Lawyer Asks Judge to Seal Photo of His P---- from the Public Record
(DBN)

Cop leaves gun in department store dressing room
(DBN)

Melvyn Weiss's DUI arrest could mean his return to prison
(DBN)

Women Allowed to Ride Bikes
(DBN)

Easter Egg Hunt At Seattle Zoo Turns Violent As Moms Scrap
(DBN)

Say What?!
(DBN)

______________

Judges:

SCOTUS to consider whether federal court is bound by contract’s forum-selection clause
(DBN)

If Ginsburg retires, will Obama have to choose an older nominee?
(DBN)

TMZ Sued for Placing Hidden Microphones in a Courtroom
(DBN)

Chief Supreme Court Justice John Roberts Has A Plan To Keep The Federal Gay Marriage Plan In Place
(DBN)

Lawyer widens target in recusal battle with judge
(DBN)

Obama Pushes Republicans to Stop Blocking Judicial Picks
(DBN)

______________

Wall Street:

Wall Street stock futures signal early gains
(DBN)

Stocks close higher as S&P 500 nears all-time high
(DBN)

______________

Layoffs:

Empty Wal-Mart Shelves Show The Biggest Problem With The US Economy
(DBN)

College Grads Earn Nearly Three Times More Than High School Dropouts
(DBN)

Cheap Energy Hasn't Led to Jobs Boom
(DBN)

Sequestration to lead to 10.7 percent cut in unemployment compensation
(DBN)

There's A Fundamental Shift Going On In The US Labor Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

Mary Schapiro: Out of the SEC and Into the Shadows
(DBN)

______________

Gambling:

InTrade Plan To Give Account Holders Back Their Money
(DBN)

______________

Alternative Energy:

Suntech Unit Bankruptcy Had Roots in Deadbeat Customers
(DBN)

Is Fisker Headed for a Solyndra-Like Collapse?
(DBN)

Solyndra 2.0
(DBN)

Electric Car Company Posts Its First Profit While Another May File For Bankruptcy
(DBN)

GOP Exaggerates Energy Loan Failures
(DBN)

______________

Aviation:

It's Only April and Already Two Airlines Have Gone Bankrupt in 2013
(DBN)

Travelport to pay American Airlines in lawsuit settlement
(DBN)

Delta Hits Turbulence on Sequester Cuts
(DBN)

Airline says charging passengers by weight is 'concept of the future'
(DBN)

About 400 employees lose jobs due to Armavia's bankruptcy
(DBN)

______________

Engineering:

County, towns caught up in Birdsall probe
(DBN)

State tries to stop Birdsall's bankruptcy filing
(DBN)

______________

Heavy Equipment:

Hi-Way Equipment to Reorganize Under Chapter 11 Bankruptcy
(DBN)

______________

Student Debt:

Economy leaves many returning students disappointed, deep in debt
(DBN)

Bill would ease debt burden on students
(DBN)

______________

Newspapers:

Guild vote delays Journal Register sale
(DBN)

______________

Tech:

Tech Data delays annual report filing
(DBN)

______________

Economy:

Orders to U.S. Factories Increase on Demand for Autos, Planes
(DBN)

Survey: Americans spending more, worried about lack of savings
(DBN)

Fed's Kocherlakota repeats call for more policy easing
(DBN)

The Problem With David Stockman's Economic Solutions --- The Incomplete Education of David Stockman
(DBN)

Global Manufacturing Is Accelerating
(DBN)

Household Debt Could Be A Game Changer For Retirees
(DBN)

Signs That US Economic Momentum Is Sputtering Out
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Fannie Mae Earns $17 Billion, It's Biggest Annual Profit Yet --- Gigantic Check To Taxpayers --- In the Black, Now What? --- The Big Risk of Fannie & Freddie's Big Profit
(DBN)

Bank of America settles MBS case for $165M
(DBN)

MBIA cleared to pursue fraud case vs BofA's Countrywide
(DBN)

Bank of America appeals dismissal of lawsuit over MBIA split
(DBN)

Mass. foreclosure activity falls again in Feb.
(DBN)

This Man Bought 200 Foreclosed Homes To Save His Hometown From Ruin
(DBN)

Inside the housing market Robert Shiller calls "exuberant"
(DBN)

Lawyer is disbarred for dealings with partners in soured real-estate venture
(DBN)

New trial for Ohio homebuilder in fraud case
(DBN)

New Yorkers voting with their mortgages
(DBN)

Judge raises Flagstar liability in mortgage case to $106.5 mln
(DBN)

" Zombie " foreclosures hit ex-homeowners --- More Than 300K Homes Are Foreclosed ' Zombies '
(DBN)

What's behind the "boomerang home-buying" trend
(DBN)

Demand for vacation homes on the rise
(DBN)

'Everyone's Scared To Death' About Property Values In The Town Where Burst Pipeline Flooded People Lawns With Oil
(DBN)

____________

Awards:

Pachulski Stang Ziehl & Jones Wins Big at the 7th Annual M&A Advisor Turnaround Awards
(DBN)

______________

Banking:

NCUA Bans Former Employees of Looted, Failed Credit Unions
(DBN)

FDIC : Bank of Wausau is undercapitalized
(DBN)

Can Cyprus Happen In The United States?
(DBN)

Another reason banks need more equity: They tend to have less than they claim
(DBN)

BofA Has the Most Customer Complaints
(DBN)

______________

Autos:

Auto parts empire collapse creates sprawl of litigation
(DBN)

General Motors March US sales up 6 percent
(DBN)

Chrysler Sales Jump 5%
(DBN)

______________

Mass Torts:

Halliburton worker testifies at Gulf spill trial
(DBN)

______________

Oil/Gas:

Lenders to credit-bid in GMX bankruptcy
(DBN)

______________

Consultants:

Guggenheim Securities Names Michael Henkin Senior Managing Director and Co-Head of Restructuring
(DBN)

______________

Fraud:

MasterCard Pins ATM Fraud on Owners
(DBN)

Michael Steinberg seeks new judge for insider trading case
(DBN)

March 2013 Ponzi Scheme Roundup
(DBN)

Former Qwest CEO Joe Nacchio moved from prison to halfway house
(DBN)

Receiver reaches out to winners in NC scam
(DBN)

Trustee sends out $506M to Madoff scam victims
(DBN)

______________

Brokers:

MF Global Says Creditors Overwhelmingly Support Payment Plan
(DBN)

______________

Coal:

W.Va. lawmakers vow to put pressure on Patriot
(DBN)

Patriot investigating claim Peabody fraudulently formed Patriot --- Creditors Seek to Probe Peabody Over Spinoff
(DBN)

What does Patriot propose for escaping bankruptcy ?
(DBN)

Patriot Coal provides 'fact sheet' on labor proposal
(DBN)

______________

Stadiums:

Yankee Parking Garage Misses $6.9 Million Payment on Opening Day
(DBN)

______________

Hotels:

Liberty Group looks beyond distressed assets
(DBN)

LodgeNet emerges from bankruptcy with new chairman, CEO
(DBN)

______________

Retailing:

S&P cuts Orchard Supply rating on weak liquidity
(DBN)

JCPenney CEO Ron Johnson's Pay Package Plummeted 97%
(DBN)

______________

Basketball:

Report: Kings Minority Shareholder to Place Bid for 7 Percent of Team in Bankruptcy Court
(DBN)

______________

Telecoms:

Judge OKs Nortel's $67M settlement with US retirees
(DBN)

______________

Hedge Funds:

Federal judge dismisses lawsuit against Paulson & Co over Sino-Forest bet
(DBN)

______________

Defaults:

S&P: Global default rate edged up in March
(DBN)

______________

Pharma:

Affymax Q4 Loss Widens
(DBN)

______________

Ratings Agencies:

S&P pushes to move state cases to U.S. federal court
(DBN)

Standard & Poor’s Says U.S Hid Role With States in Court
(DBN)

______________

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 (40 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)

______________

Bankruptcy Statistics:

Hawaii bankruptcies fall in March for 25th straight month
(DBN)

Rochester-area bankruptcy filings drop 27 percent in March
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Post-Petition Lock-Up Agreements and Designation Standards Clarified
(DBN)

______________

Sales:

Seventh Circuit Decision Gives Support To Protecting Buyers In Bankruptcy Sales From Successor Liability
(DBN)

______________

Recent Pleadings:

UST Says Rothstein Plan Gives TD Bank Too Much Under the Guise of 502(h)
(DBN)

______________

Finance:

Make-Whole Premiums and OID in Bankruptcy
(DBN)

______________

Health Care:

PolyMedix files for Ch. 7 bankruptcy --- PolyMedix defaults and hands over a PhII antibiotic to bankruptcy court
(DBN)

St. Christopher's Hospital for Children in Philadelphia Lays Off 46
(DBN)

Universal Health Care Subject to WARN Suit
(DBN)

______________

Municipalities:

Why Stockton should worry American pensioners
(DBN)

Stockton Ruling Makes Public Employees a Protected Class
(DBN)

Stockton’s Racket — And Ours
(DBN)

'Day of Reckoning' Coming for Pensions in Bankruptcy Cases
(DBN)

Ruling Sets Up Pension Battle in Bankrupt City --- Why Stockton bankruptcy could cost you your retirement
(DBN)

Stockton's sustained slog
(DBN)

CalPERS Issues Statement on City of Stockton Bankruptcy Ruling
(DBN)

Stockton bankruptcy: the case for CalPERS cuts
(DBN)

What the Stockton Municipal Bankruptcy Means, And Doesn't
(DBN)

Bankruptcy OK would apply to San Bernardino as well
(DBN)

Stockton City Manager, Mayor Clash Over Sales Tax Proposal To Hire New Officers
(DBN)

San Bernardino hires firm
(DBN)

Judge Napolitano Slams ‘Reprehensible, Immoral’ Spending Habits Of Californian City
(DBN)

More litigation coming over state takeover of Detroit and Emergency Manager --- Priorities for Detroit Emergency Manager Kevyn Orr
(DBN)

Spokesman: Detroit City Council can meet, but actions must be approved by Orr
(DBN)

Detroit Taxes Are High, But City Spending Is Higher, Study Finds
(DBN)

California bankruptcies may offer Detroit lessons
(DBN)

I’m a Creditor of Detroit…Now What? (Part 2 of 2)
(DBN)

Fitch upgrades Michigan's rating as economy improves
(DBN)

______________

Sovereigns:

Argentina Bond Clash Extended as Court Seeks Fund Plan --- Argentina's creditors face deal deadline
(DBN)

A Plan B for Argentina
(DBN)

Why Argentina's behaviour must not be allowed to stand
(DBN)

Argentina Challenges US Court
(DBN)

Argentine - bond tango heats up
(DBN)

______________

UK:

Iran sanctions, RG steel bankruptcy sink UK steel trader Balli
(DBN)

Craig Gore says he's a broken man shunned by friends
(DBN)

US manufacturing growth slows in March
(DBN)

Why Is It So Hard For Standard Chartered To Claw Back Bonuses ?
(DBN)

The Next Lehman ?
(DBN)

Financial crisis litigation wave set to hit UK
(DBN)

Barclays Must Review Pay Practices: Report
(DBN)

______________

EU:

Cyprus finance minister quits after bailout concludes, investigation begins
(DBN)

IMF to Contribute 1 Billion Euros to Cyprus Rescue --- Cyprus Tiptoes Toward New Currency --- Cyprus Committee to Examine Responsibility for Economic Crisis --- Slovenia Needs to Say How It’ll Avoid Cyprus Fate, Kranjec Says --- Calculating the Impact of Cyprus's Bailout --- Cypriot finance minister resigns amid crisis probe --- Cyprus plans tax breaks and casinos to kickstart economy --- UK customers to escape Cyprus levy --- Cyprus stocks slide as bourse reopens after 2 weeks --- Inside Laiki: Countdown to catastrophe --- Cypriot Depositors Take Money Out By Sea --- The Cyprus And Lehman Moments Share One Similarity
(DBN)

EC facing risks from Grenada default
(DBN)

______________

PIIGS:

ie: Council 'has to step up fight in hunt for Dunne's millions' --- Dunner's rules - selective amnesia, audacity and disconnection from people --- Dunne and dusted? --- Ireland's bankruptcy 'tourists' who battled to get easier outcome abroad --- ie: Lessons Not Learned in Designing a Consumer Insolvency Regime
(DBN)

Eurozone jobless rate steady at 12 pct; Greece at top with 26.4 pct --- Crisis Pushes Some Greeks Into Trailers --- Greek Corruption Soars
(DBN)

______________

Canada:

Canadian Court Grants Initial Order and Denies Receivership Application
(DBN)

Crystal firm's future clearer
(DBN)

______________

France:

Hollande Is Reeling After 'Unpardonable' Hypocrisy From His Former Tax Chief
(DBN)

_____________

Mexico:

Mexico Builders Crash as Foreclosures Overwhelm Towns
(DBN)

______________

India:

In India, Never Invest In Anything That Flies
(DBN)

______________

Vatican:

Pope to review Vatican bureaucracy, scandal-ridden bank
(DBN)

______________

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