August 12, 2013

The Daily Bankruptcy News

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Law:

Dewey Estate Sues Over $5.7 Million Spent as Firm Faded
(DBN)

Layoff Watch: Attorneys And Staffers Never Again To See The Light Of Day
(DBN)

Patton Boggs tells idle partners to shape up or ship out -- Patton Boggs: New game plan
(DBN)

Day Pitney Lays Off As Many As 40 Staffers And Attorneys --- 10 associates, 30 staff
(DBN)

Jacoby & Meyers, Latham, Skadden, Day Pitney: Business of Law
(DBN)

Morgan Lewis, Sidley, Ashurst, Thompson Hine: Business of Law
(DBN)

LPOs Stealing Deal Work from Law Firms
(DBN)

Law Firm Performance In 2013 So Far — Plus Disturbing Data On Partner Productivity
(DBN)

Biglaw Practice Today — Damn The Torpedoes
(DBN)

Legal Costs Up at 50 Percent of Companies
(DBN)

How to Change Careers if You're a Lawyer
(DBN)

An Epic Supercut Of Rappers Giving Shout-Outs To Their Jewish Lawyers
(DBN)

Report: Newark Mayor Cory Booker pocketed 'confidential' annual payouts from law firm while in office
(DBN)

What Is A Successful Law Practice?
(DBN)

Law School Claims Bar Passage Rate is Meaningless
(DBN)

Law schools devise debt-free path to degree
(DBN)

ABA Panel Favors Dropping Law School Tenure Requirement
(DBN)

Does This New ABA Report Signal Change For Law Schools?
(DBN)

These Students are on the Six-Year Plan
(DBN)

Minnesota law schools struggle with lower enrollments
(DBN)

How Georgetown Law gets Uncle Sam to pay its students’ bills
(DBN)

Prospective Waivers: Lawyer Conflict of Interests and Sophisticated Clients
(DBN)

Legal ethicists are playing catch-up to create social media guidelines for lawyers, judges
(DBN)

Lawyerly Lairs: Sixth-Year Associate Snags Seven-Figure Pad
(DBN)

Corporate Counsel 2013: More Work, Bigger Pay For Chief Legal Officers
(DBN)

Snowden's Father Gets A Visa To Visit Son In Russia --- NSA Data Debate: Glossary and Who’s Who --- Obama Claims He'll Reform NSA Surveillance Programs --- Why It Might Be In The U.S.’s Best Interests To Grant Snowden Full Immunity
(DBN)

Murder weapon search in Hernandez case focuses on fiancée
(DBN)

Before You Hit Send, Read This
(DBN)

Feds charge couple for s-- on plane bound for Vegas
(DBN)

Man badly beaten in dispute for 75 cents dies
(DBN)

Utah Beauty Queen Charged With Having A Homemade Bomb
(DBN)

Video of Cop Slapping 10-Year-Old Boy Stirs Outrage
(DBN)

Everything You Need To Know Before 'Breaking Bad' Returns --- 'Breaking Bad' Makes An Epic Return With 'Blood Money' Premiere Episode
(DBN)

Prison Seized with Dance Fever as They Try to Break a Guinness World Record
(DBN)

Woman arrested for allegedly slapping police horse
(DBN)

Attorney accused of lying about her work as a pros agrees to 3-year license suspension
(DBN)

Bosses Can Harass Their Unpaid Interns As Much As They Want, And It's Totally Legal
(DBN)

Man Arrested After Bragging To Undercover Cop About Being Wanted
(DBN)

The most bizarre contraband items being confiscated around the world
(DBN)

Woman forced to show boss Facebook page to prove she didn't misuse sick leave
(DBN)

Transit imposter with Asperger's busted 29 times stealing trains, buses
(DBN)

Man allegedly kills wife, posts photo
(DBN)

Saudi Court Condemns Editor to 600 Lashes With Breaks
(DBN)

Man Breaks Out Into Dance During Field Sobriety Test
(DBN)

Say What?!
(DBN)

______________

Judges:

The Most Powerful Dissent in American History
(DBN)

Is a paperless, people-less court in our near future?
(DBN)

Judge Kopf’s terrible sentencing instincts
(DBN)

Justice Kennedy: Legal community isn't doing enough to attract country's finest into its ranks
(DBN)

Judge orders parents to change their son's name from Messiah to Martin, because "only Jesus Christ earned that title"
(DBN)

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Wall Street:

US Stock Futures Point To Lower Open
(DBN)

Wall Street posts worst week since June with Fed in mind
(DBN)

Wall Street Profits Hit Record Levels, So Why Are Banks Still Killing Jobs?
(DBN)

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Layoffs:

Teens Face Worst Labor Market
(DBN)

U.S. Companies Thrive as Workers Fall Behind
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Credit Cards:

Man who created own credit card sues bank for not sticking to terms
(DBN)

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Banking:

JPMorgan nears settlement with SEC over 'London Whale'
(DBN)

Prosecutors and F.B.I. Examine JPMorgan Over Losses -- Lowballing of Losses Key to 'Whale' Probe
(DBN)

This Bank Just Can't Stay Out of Trouble
(DBN)

FDIC Affinity Clawback
(DBN)

Regulators shut down small bank in Wisconsin
(DBN)

Feds pressing banks to stop working with online lenders
(DBN)

Baker, others plead not guilty in wire fraud case
(DBN)

Former Coastal Bank Executives Indicted
(DBN)

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Tax:

Small Business in IRS Sights
(DBN)

____________

Student Debt:

Obama signs student loan interest rate legislation into law
(DBN)

FDIC to charge Sallie Mae with overcharging military personnel
(DBN)

____________

Celebs:

The Broke and the Beautiful: 'Low Winter Sun' Edition
(DBN)

Athletes finish out of the money
(DBN)

____________

Alternative Energy:

Sunways negotiates out of wafer supply deals and insolvency
(DBN)

Colo. methane-farming company files for bankruptcy
(DBN)

Sunways to avoid insolvency proceedings, reaches deals with bank
(DBN)

Berlin-based solar company Inventux is insolvent
(DBN)

'Green' Car Startup Associated With Clinton Pal Has Been A Flop, And Is Now Being Investigated By The SEC
(DBN)

____________

Rail:

MMA takes Chapter 11 track
(DBN)

MM&A's bankruptcy reveals glaring gaps in rail insurance rules
(DBN)

Lac Megantic: Cleanup to stretch into next year
(DBN)

Lawyer: MMA bankruptcy likely to end in sale
(DBN)

Who’s liable for the Lac-Mégantic disaster
(DBN)

Little Shop of Lawyers Joins Verrill Dana
(DBN)

____________

Food/Beverage:

Judge denies credit request for beef plant
(DBN)

____________

Health Care:

Westlake Regional Hospital in Kentucky Files for Bankruptcy
(DBN)

Court Postpones Hearing on Interfaith Hospital Closing
(DBN)

Affordable Care Act: $1 Pay Raise Costs Family $9,355 Hike in Premiums
(DBN)

Report details health care premium costs
(DBN)

____________

Telecoms:

Falcone Adds Defendants in Effort to Keep LightSquared
(DBN)

Harbinger Sues Deere, Garmin Over GPS Products Spectrum
(DBN)

____________

Agriculture:

Grassley legislation would assist bankrupt family farmers
(DBN)

____________

Economy:

Wholesale Inventories in US Unexpectedly Fall for Third Month
(DBN)

Houses and Cars
(DBN)

Federal Reserve weighs changes to economic recovery plans
(DBN)

Obama Says Jobs Key Focus for Next Fed Chief
(DBN)

Two potential problems for Summers' Fed candidacy
(DBN)

Cantor to conservatives: We’re not shutting down the government
(DBN)

Why Our 1% is Richer Than Anywhere Else
(DBN)

Consumer feeling the pinch
(DBN)

Food-Stamp Use Rises; Some 15% Get Benefits
(DBN)

Squeeze the savers
(DBN)

Relax, interest rates are not too low
(DBN)

Rand Paul Knows Nothing of Milton Friedman's Work
(DBN)

Largest Ethnic Groups In America
(DBN)

Change In US Population By Age From 1900 Through 2060
(DBN)

Beware These Corporate Deadbeats
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Eminent domain fight escalates in Richmond, CA --- Richmond Mayor Says Lawsuit Won’t Deter Loan Seizures --- Freddie Mac Fires First Salvo In Eminent Domain Mortgage Battle --- US house finance regulator mulls action on "eminent domain" mortgage seizures --- Don't Condemn Underwater Mortgages. Renegotiate. --- Stupid Scheme on Eminent Domain Meets Predictable Fate --- Seizing Mortgages for Fun and Profit --- The bailout Wall Street is blocking from Main Street
(DBN)

Right Time to Muddy the Waters Over Lien Stripping, Again
(DBN)

Fannie, Freddie, and the Destructive Dream of the 'Ownership Society'
(DBN)

Home Prices Climb in 87% of US Cities Amid Recovery
(DBN)

Las Vegas Home Prices Up 31.2%
(DBN)

Home Mortgage Interest Deduction at Risk
(DBN)

Cross-Collateralization: Your Dragnet Clause May Have at Least a Little Hole In It
(DBN)

Obama Endorsement Builds Momentum For Housing-Finance Overhaul
(DBN)

Lindemuths, Topeka developers, sell 3 properties, avoid liquidation
(DBN)

ResCap Faces a Number of Objections to Chapter 11 Exit Plan
(DBN)

ResCap Bankruptcy Disclosure Statement Opposed by U.S.
(DBN)

Real estate fixture Thompson defrauded investors: Finra
(DBN)

U.S. Mortgage Fraud Group Forced to Correct Initiative Stats
(DBN)

____________

Municipalities:

Mich. EM foes win ruling in lawsuit over old law --- The Opinion - Farce: "Apparently,the Michigan Legislature believes the Michigan Constitution can be ignored"
(DBN)

Detroit Fight Shows Why Public Pensions Are Bound For Problems
(DBN)

Michigan Safety Net for Boomers Frays on Bankrupt Detroit --- Retirees fret over lack of safety net for city pensions
(DBN)

Detroit's emergency manager sure loves the media
(DBN)

Everything must change in Detroit
(DBN)

Investing in Detroit:Brilliant or crazy
(DBN)

The Earnings Tax Is A Key Factor In Detroit's Taxpayer Exodus
(DBN)

Michigan Vs. Detroit
(DBN)

Will state follow Detroit into peril?
(DBN)

Can Muni Investors Still Rely on the Unlimited Tax G.O. Pledge?
(DBN)

Tensions Flare Over Racial Remark at Detroit Fire Pension Board Meeting
(DBN)

Bertram Marks: Kevyn Orr's words were as offensive as they were wrong
(DBN)

Spat between rival retiree associations emerges in Detroit bankruptcy
(DBN)

Bond lessons and Detroit's bankruptcy
(DBN)

Muni Bonds After Detroit
(DBN)

Muni-Bond Buyers Seeking Safety
(DBN)

Why Did Detroit Gamble With Derivatives?
(DBN)

Move to Detroit , land of opportunity
(DBN)

Barclays: Thoughts On Detroit
(DBN)

Oakland County: Money from millage for DIA will be withheld if art is sold
(DBN)

Macomb County tax dollars may be at risk in Detroit bankruptcy
(DBN)

Cleveland Indians fans start 'Detroit is Bankrupt' chant (video) --- Detroit's Bankrupt, and Cleveland Fans Know It
(DBN)

Detroit peddles 'Comeback City' ads to curious convention planners
(DBN)

How to rebuild Detroit's middle class
(DBN)

It's a Detroit thing; you wouldn't understand
(DBN)

Why Detroit Could Have Avoided Bankruptcy --- Did Detroit really need to file for bankruptcy ?
(DBN)

Snyder makes plans for post-bankrupt Detroit --- Snyder expected to appoint long-term advisory board for Detroit --- Snyder Will Keep Hands On City Finances After Bankruptcy
(DBN)

Will: Can Detroit be reinvented?
(DBN)

Detroit community beats alleged rapist of 15 y.o. girl with Down Syndrome after slow police response
(DBN)

Detroit Lighting Director Removed As EM Kevyn Orr Prepares For A New Era
(DBN)

You think you know Detroit?
(DBN)

The Wrong Lesson From Detroit's Bankruptcy
(DBN)

Michigan issuers feeling heat from Detroit filing --- Michigan localities plan to sell $28 million of debt this week
(DBN)

Cash-Strapped Philly Schools Won't Be Able To Open Without $50M
(DBN)

Scranton: The Next Detroit ?
(DBN)

Will Chicago follow Detroit into bankruptcy ?
(DBN)

Brodsky: NY's prospect of bankruptcy
(DBN)

We Are All Detroit
(DBN)

The truth about Jefferson County's bankruptcy plan
(DBN)

If Detroit's in bankruptcy court, why isn't Flint too? --- Difference between Detroit and Flint lies in type of debt
(DBN)

Why Your City's No Better Than Detroit
(DBN)

The Blue State Reckoning -- Liberal pension excesses are now jeopardizing liberal priorities
(DBN)

State and Local Government Deficits Soar. Are Others Following Detroit's Footsteps?
(DBN)

City officials face uphill climb as pension plan unfunded liability grows
(DBN)

Bankruptcy plan would saddle system with more risky debt, water board analysis says
(DBN)

Jeffco bankruptcy exit plan will not work if refinancing of warrants took place now
(DBN)

____________

Defaults:

Moody's Reduces Global Default Rate Forecast for 2013
(DBN)

____________

Newspapers:

'Hundreds' Of Layoffs At PATCH; 400 Sites Shuttered Or Partnered Off
(DBN)

____________

Electricity:

Creditors push Energy Future towards restructure
(DBN)

Do Illinois' coal-fired plants have a future?
(DBN)

10 years after record blackout, US electrical grid faces new and emerging threats
(DBN)

____________

Engineering:

Bankrupt engineering firm Birdsall Services Group to sue 23 former officials for $35M
(DBN)

____________

Video Games:

Rhode Island lawmakers seek answers on 38 Studios
(DBN)

____________

Debt Collection:

2013 Worldwide Collection Agencies Industry-Industry & Market report
(DBN)

NY Financial Services Dept. Introduces Extensive New Debt Collection Legislation
(DBN)

____________

Brokers:

SIFMA says no more "playing poor" on promissory notes
(DBN)

____________

Furniture:

Is Furniture Brands headed for bankruptcy ?
(DBN)

____________

Pensions:

The Missing Piece in the Pensions Debate
(DBN)

____________

Finance:

Back From Bankruptcy: CIT And John Thain's Stunning Turnaround
(DBN)

Funding the Gap: Five Important Considerations in Mezzanine Lending
(DBN)

____________

Autos:

GM Is `Best Turnaround of All Time'
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (33 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Environmental:

At the Intersection of Environmental and Bankruptcy Laws
(DBN)

____________

Bankruptcy Rules:

Bankruptcy Court SDNY Amendments to Local Bankruptcy Rules
(DBN)

____________

Recent Pleadings:

Your Money's No Good Here: Debtor Says Lender Entitled To Big Make-Whole Refusing To Take Payment
(DBN)

______________

Litigation:

Winning: Top Litigators Tell Their Stories
(DBN)

____________

Retailing:

Starbucks CEO: Bill Ackman 'Ruined The Lives Of Thousands Of JCPenney Employees' --- The knives are out --- JC Penney board erupts into fight --- Why Ackman's Tantrum Will Kill the Company
(DBN)

Sniping over JC Penney leadership heats up
(DBN)

Carrot & stick: Ackman may put in fresh $ if JCP names new CEO
(DBN)

Many retailers outsource customer return data to anti-fraud companies that analyze patterns
(DBN)

____________

Fraud:

US Prosecutor: Bernie Madoff Was In An Office 'Love Triangle' --- Obsession Fueled by S--, Romance and Money --- Bernie Madoff's Office Was Even Sleazier Than Previously Thought
(DBN)

SAC braces for investor abandonment
(DBN)

Facing Loss of Capital, SAC Is Said to Talk of Layoffs
(DBN)

Suit alleges Ponzi scammed investors out of $300M
(DBN)

Obama Fraud Task Force Takes on the Big Banks
(DBN)

____________

Art:

An artful solution amid bankruptcy --- Selling Detroit museum art to pay civic debt is dumb
(DBN)

Crisco Fist Sculpture To Ease Bankrupt Detroit's Pain By Jerry Vile Now Up For Sale On eBay
(DBN)

In bankruptcy game, Motown art is just a pawn
(DBN)

'Would Paris sell the Mona Lisa?'
(DBN)

____________

Corporate Reform:

The Government Is About To Put JP Morgan Through The Wringer Like You've Never Seen Before
(DBN)

Report: Ex-JPMorgan Traders Facing Arrest for Whale Loss
(DBN)

Suspect CEOs More Likely to Get Caught During Downturns
(DBN)

____________

Aviation:

It looks like that $11 billion merger between American Airlines and US Airways is now a $14 billion deal
(DBN)

Wealth advisers pounce on retirement nest eggs of American Air pilots
(DBN)

Swift Air LLC Secures Funding, Prepares to Exit Bankruptcy
(DBN)

Tom Horton’s big payment gets rousing defense from bankruptcy parties
(DBN)

____________

Politics:

Is Democracy Overrated?
(DBN)

Poll: This Year Seniors Sour on GOP
(DBN)

____________

Gambling:

NJ casino revenues down 3.6 percent in July
(DBN)

____________

Festivals:

Showboat music fest organizers file for bankruptcy
(DBN)

____________

Mass Torts:

Witnesses present divergent settlement figures in Garlock estimation trial
(DBN)

BP Must Pay $130 Million by Monday
(DBN)

____________

Mail:

Post Office Losses: $5.2bn Down to $740M
(DBN)

____________

Social Media:

Syncapse bankruptcy puts social media marketers on edge
(DBN)

____________

Credit Reporting:

Woman Wins $18.6 Million Verdict Over Smeared Credit
(DBN)

____________

Lehman:

UBS pays $120m to settle Lehman allegations
(DBN)

____________

Hollywood:

David Bergstein Smacked Down in $50 Million Lawsuit Against Aramid Entertainment --- Loses $50 Million Lawsuit Against Aramid Entertainment
(DBN)

____________

UK:

Insolvency alert as creditors get tougher on debt
(DBN)

Cash-strapped Hearts win to move to -12 points
(DBN)

Shane Filan: ' Bankruptcy was horrible'
(DBN)

Leading model agencies still owed thousands by bankrupt Nicole Farhi
(DBN)

Historic medals stolen from financially troubled Hearts
(DBN)

More trouble in store for UK banks
(DBN)

No Biggie
(DBN)

____________

EU:

Economists: EU Recession Over
(DBN)

____________

PIIGS:

Greek Economy Loses 122B Euros --- Greek PM: Our 'problems Have To Do With Illegal Immigration' --- About half of Greek businesses caught cheating taxman --- Under Audit, Dozens Of Tax Officials Resign --- Greek consumers feeling more vulnerable as crisis deepens --- State spending needs more taming --- Stournaras eyes debt talks in November
(DBN)

Spain's Banking System Is Doomed To Collapse --- Spain To Emerge From Recession; But Still Struggling With Record-High Bankruptcies
(DBN)

No Work, No Pay? Not in Italy
(DBN)

Strategic defaulters will face jail, warns insolvency chief --- Banks want to have cake and eat it: let them choke on it --- McNamara to exit UK bankruptcy but Nama keeping close eye --- Up to 300 insolvency deals by October --- Sean Quinn says he is “victim” --- Dunne owes €65m borrowed on land now valued at only €800000
(DBN)

____________

France:

French industrial production shrinks
(DBN)

____________

Germany:

Germany is strong, but not nearly strong enough
(DBN)

____________

Poland:

Polish corporate bankruptcies hit multi-year high in July
(DBN)

____________

Japan:

Japan Debt in the ‘Quadrillion’ Zone
(DBN)

Japan posts weaker-than-expected growth
(DBN)

____________

India:

A third of India's top firms on the verge of insolvency
(DBN)

____________

China:

Stigma holds back bankruptcy law
(DBN)

Think China is “rebalancing”? Its real estate sector begs to differ
(DBN)

____________

Asia:

Distressed debt investors eye Asia
(DBN)

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