August 14, 2013

The Daily Bankruptcy News

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Law:

Former Bankruptcy Judge Lewis M. Killian, Jr. Joins Berger Singerman's Business Reorganization Team
(DBN)

King & Spalding bans personal emails
(DBN)

Pay Raise Watch: A Major Firm Raises Associate Starting Salaries --- Greenberg ups first-year pay in 2 offices to $145K from $125K; will competitors follow suit?
(DBN)

ATL Law Firm Ratings: Texas Edition
(DBN)

Why Face Time Is More Important Than Ever
(DBN)

Here's What It Takes To Get Into America's Best Law Schools
(DBN)

Norton Rose Fulbright boosts newly qualified pay by £1,500 to £63,000
(DBN)

Number of ‘Virtual’ Law Practices Shows Decline in 2013 ABA Technology Survey
(DBN)

Most Highly Regarded Firms: Asset Recovery 2013 --- Research Trends and Conclusions: Asset Recovery
(DBN)

Firms Eye Pseudo-Mergers as Way to Avoid Liabilities
(DBN)

When Lawyers Cut Their Clients Out of the Deal
(DBN)

Jobs, Funding For Courts On Agenda For New ABA President
(DBN)

10 Law Degrees With the Biggest Return on Investment
(DBN)

How Elite Law Schools Are Offering Free Rides on the Taxpayers' Dime
(DBN)

Remember BlackBerry? Former Tech Giant Hires Biglaw Firms to Oversee Possible Sale
(DBN)

Intelligence committee withheld key file before critical NSA vote, Amash claims --- Snowden: NSA targeted journalists after 9/11 --- Glenn Greenwald's Article On NSA Snooping Actually Snooped On Everyone Who Clicked
(DBN)

Police search pond in Aaron Hernandez case
(DBN)

Woman Behind 'Orange Is The New Black' Describes The Terrifying Experience Of Flying On 'Con Air' --- Prisons In America
(DBN)

NYPD’s stop-and-frisk blasted by judge, Mayor Bloomberg fights back --- 'Welcome to Chicago' NYPD cops warn Gotham residents officers will become overly cautious with stop-frisk, predict crime hike --- What you need to know about stop and frisk — and why the courts shut it down
(DBN)

Court Rules Non-English Speaking Citizens Can Serve On Juries
(DBN)

Even an AK-47 wouldn’t have helped him during polar bear attack, says recovering lawyer
(DBN)

Wherein A Naked Man Interrupts A Biglaw Deposition
(DBN)

Video captures officers’ aggressive conduct while serving civil warrant for overdue fee
(DBN)

Lawyer in West Virginia AG’s office shoots and wounds himself after standoff with police
(DBN)

Man stuffs puppies down pants to steal them
(DBN)

Man Sprays Store Clerk In Face With Ether In Robbery Attempt
(DBN)

Say What?!
(DBN)

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Judges:

Detroit Judge Rosen Named Mediator in City's Bankruptcy
(DBN)

Ex-State Supreme Court justice to begin prison term at Camp Cupcake
(DBN)

Incarceration, Second Chances, and Clerkships
(DBN)

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Wall Street:

Futures Point to Lackluster Open
(DBN)

US stocks end higher on sales data
(DBN)

JPMorgan And Goldman Sachs Are Playing Whack-A-Mole With Everyone Suing Them Over Their Metal Warehousing Businesses
(DBN)

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Layoffs:

Heinz to cut 600 jobs in North America after sale of company
(DBN)

Pratt lays off 400 workers
(DBN)

CA Teens Face 33% Unemployment Rate
(DBN)

Will Robots Take All Our Blue-Collar Jobs ?
(DBN)

With So Many Job Openings, Why So Little Hiring?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

A limit on consumer costs is delayed in health care law
(DBN)

Maine Medical Center announces 50 layoffs , 175 position cuts
(DBN)

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Alternative Energy:

Sunways safely exits insolvency proceedings
(DBN)

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Credit Cards:

Credit card delinquency rate falls to lowest level in 19 years
(DBN)

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Telecoms:

BlackBerry Crisis Dredges Up Painful Nortel Memories
(DBN)

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Steel:

Powell Steel's decline worsens, M&T Bank says
(DBN)

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Brokers:

MF Global administrators could make 100% return to creditors
(DBN)

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Education:

Morris Brown Dorms In Play Amid Falcons' Stadium Talks
(DBN)

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Celebs:

'Real Housewives of NJ' stars back in court
(DBN)

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Accounting:

Audit Reports Could Face Biggest Shake-Up Yet
(DBN)

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Economy:

U.S. Economic Confidence Edges Back Up
(DBN)

Fed's Lockhart: September Taper Not A Given; 'A Cautious First Step'
(DBN)

Obama’s dangerously heroic view of the Fed
(DBN)

Rise in U.S. Retail Sales Points to Pickup in Spending --- Consumers Seen as U.S. Profit-Growth Lynchpin: Chart
(DBN)

Nearly Every Major Agency Has Reduced Sequestration Furloughs
(DBN)

Legal Services Corp. budget slashed by sequester in the face of unprecedented need, says chair
(DBN)

The Credit Crunch is Officially Over
(DBN)

Where the 1 percent get their money
(DBN)

In Devastating Detail, JPM Economist Explains Why The Growth Potential Of The United States Is Nothing Like It Used To Be
(DBN)

Recessions used to make people live longer. Not anymore.
(DBN)

NFIB: Small Business Optimism Index increased in July
(DBN)

Krugman: What People (Don’t) Know About The Deficit --- Wish I’d Said That, Rand Paul Edition
(DBN)

How salad dressing explains the economy
(DBN)

Piles Of Cash Stashed Overseas To Avoid Taxes
(DBN)

Why 26% of U.S. women still choose not to work
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Report: Homes Listed For Sales up 1.4% in July from June, Down 5.2% year-over-year
(DBN)

America's 10 hottest housing markets
(DBN)

FHFA can sue Ally despite ResCap bankruptcy , judge rules
(DBN)

Mortgage Eminent Domain: Cutting To The Core
(DBN)

BofA Banker Sued by Regulator Later Joined Fannie Mae
(DBN)

The Most Expensive Home You Can Buy In Every State
(DBN)

A Man In Harlem Is Only Paying $1 For His Two-Bedroom Apartment
(DBN)

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Retailing:

Ackman quits JC Penney board, ending feud --- Recounting Ackman's Other Investing Misses --- Bill Ackman Invokes An Old Line From Warren Buffett When Explaining Why He Sent Those Letters To JCPenney's Board --- Defeat at J.C. Penney Hurts Ackman as Performance Trails --- Bill Ackman Accuses Starbucks CEO Of Hypocrisy
(DBN)

'Ackman's Meddling' Almost Bankrupt J.C. Penney: Gilford
(DBN)

Why Bill Ackman Isn't Done With J.C. Penney Yet
(DBN)

Has Bill Ackman Jumped the Shark in Retail?
(DBN)

Ackman gone, but J.C. Penney's problems remain --- A Look at JC Penney's Turnaround Trouble
(DBN)

JCPenney's 100-Year Bond Gamble Falls Apart
(DBN)

US retail sales data points to improving economy
(DBN)

July retail sales a 'mixed bag,' up slightly on back-to-school buying
(DBN)

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Municipalities:

Federal judge named as mediator in Detroit bankruptcy case --- New key player in city restructuring
(DBN)

Detroit's Chapter 9 and the Vanishing Umpires
(DBN)

The Peculiar Vulnerability of Municipal Pensions in Chapter 9
(DBN)

What Detroit Has Really Taught America --- Expert round-up: what lessons can be learned from Detroit's bankruptcy?
(DBN)

Detroit's bills offer rare look at the cost of bankruptcy
(DBN)

Orr to hire group to oversee federal grants, but boost in aid unlikely for Detroit
(DBN)

Detroit Paying $275 an Hour for Bankruptcy Analyst, 22
(DBN)

Detroit area tries to protect world-class art from bankruptcy --- DIA 'Absolutely' Would Fight Selloff Try In Court --- Supporters plan 'Day for Detroit' to draw attention to DIA's plight --- Detroit suburbs: Hands off our art --- Oakland County to Detroit: Sell DIA art, lose regional millage
(DBN)

Challenges to EM Law in Limbo
(DBN)

Racial Politics Just Got Hotter in Detroit
(DBN)

UAW President Bob King On What Unions Can Do For Detroit
(DBN)

Oakland County moves to protect DIA tax from Detroit creditors
(DBN)

Detroit Asking for $80 Million IT Overhaul
(DBN)

Despite bankruptcy, crony capitalism alive and well with Detroit's new Red Wings arena
(DBN)

Detroit's War on Investors Could Cripple U.S. Cities
(DBN)

Detroit advertised wrong date for upcoming election on billboards
(DBN)

Is Detroit to Blame for the Muni Market's Woes?
(DBN)

Costliest Mickey Mouse Bonds Refuting Detroit Shock
(DBN)

Do Michigan's struggles vindicate RI's bondholders-first law?
(DBN)

Major Decline In Alaska Oil Production
(DBN)

Carrington addresses criticism of bankruptcy plan
(DBN)

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Banking:

New capital for Anchor BanCorp
(DBN)

Associated Bank is named as lone holdout in plan to recapitalize Anchor BanCorp
(DBN)

AnchorBank: Worth the wait
(DBN)

Anchor BanCorp reorganization is marketing challenge for bank
(DBN)

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Fraud:

Federal judge nixes investor suit against SEC for not warning SIPC of $7B fraud by Allen Stanford
(DBN)

Mini-Madoff and the 'Dysentery of Crime'
(DBN)

Rothstein bankruptcy distributes $95.8M
(DBN)

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Politics:

Here are the 30 questions the White House doesn’t seem to want to answer
(DBN)

Lawyer for Brockton mayoral candidate Bill Carpenter sends threatening letter to Facebook group moderator about candidate's bankruptcy information
(DBN)

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Tax:

IRS Proposes To Ease Restrictions For Innocent Spouse Relief
(DBN)

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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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Bankruptcy numbers down in Buffalo, rise in Rochester
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

Fraudulent Transfer: “Reasonably Equivalent Value” Meets Debt Recharacterization
(DBN)

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Safe Harbors:

Inside The 2nd Circ.'s Broad Reading Of Section 546(e)
(DBN)

Bankruptcy Safe Harbors Under Attack
(DBN)

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Insolvency:

Cash Flow vs. Balance Sheet Insolvency in Chapter 11: Who Cares? Insolvency Is Not a Prerequisite to a Voluntary Chapter 11 Filing in the Ninth Circuit
(DBN)

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Student Debt:

Student-Loan Load Kills Startup Dreams
(DBN)

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Autos:

US Treasury Sells 0.9 Billion Worth Of GM Stock In July
(DBN)

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Coal:

UMWA President hopeful about Patriot settlement chances
(DBN)

Coal Industry Labors To Keep Workforce Intact
(DBN)

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Aviation:

Justice Department challenges American US Airways merger --- US, states challenge proposed AMR-US Airways merger --- How US Airways and American Wrecked Their Own Merger --- American-U.S. Airways merger lawsuit: Be careful what you wish for --- US Airways’ Parker: We will fight them --- American’s Horton: Court battle ‘will likely take a few months’ --- AMR-US Airways Antitrust Suit Seen as Difficult to Settle
(DBN)

In airline suit, U.S. antitrust enforcers try to build on wins
(DBN)

Business Travel Coalition: DOJ action to block American-US Airways merger may be good for consumers
(DBN)

Industry analysts: This isn’t good for the airline industry
(DBN)

These Charts Show How Bad The American Airlines-US Airways Merger Could Be For Consumers
(DBN)

AMR Seen Imperiled in U.S. Shift to Block Airline Merger
(DBN)

Grounding a Harmful Airline Merger
(DBN)

Clear American-US Airways merger: Our view
(DBN)

AMR Corp. Exit From Bankruptcy at Risk, Cowen Says
(DBN)

DOJ Fails To Consider Safety In Its Suit To Block US Airways-American Merger
(DBN)

Contested merger sends AMR, US Airways stock down
(DBN)

APA: American Airlines’ reorganization plan enters automatic 30-day stay
(DBN)

APFA Pushes Back Against DOJ Over Merger Lawsuit --- The DOJ suit will delay the American-US Airways merger
(DBN)

TWU thinks the American-US Airways merger eventually will succeed
(DBN)

Justice official: An injunction, not remedies, is the best medicine for US Airways-American Airlines
(DBN)

DOJ is wrong to challenge the merger of American Airlines and USAir
(DBN)

The Justice Department is blocking the US Airways-American merger. Here’s why. --- Why Is the Obama Administration Trying to Stop the American-U.S. Airways Merger? --- Justice official: Here’s why we’re fighting the US Airways-American Airlines merger
(DBN)

Tenants challenge Avantair lock-out
(DBN)

The Busiest Flight Routes In The World
(DBN)

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Equipment:

BofA Strikes Out in Pursuit of Bankrupt Firm
(DBN)

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Corporate Reform:

Report: The 'London Whale' Trader Has Been Ratting Out JP Morgan For Months
(DBN)

Former JPMorgan executive says expects to be cleared in 'Whale' probe
(DBN)

JP Morgan's List of Legal Problems
(DBN)

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Radio

Liberty Media Frees Sirius XM From Bankruptcy
(DBN)

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EU:

Euro zone to exit recession, but weak growth lies ahead: Reuters poll --- Fragile eurozone begins to emerge from worst recession
(DBN)

Cyprus could have sought aid earlier to avoid pain: central bank
(DBN)

Euro soccer clubs cut costs as tough money rules bite
(DBN)

Eurozone edges out of recession
(DBN)

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PIIGS:

ie: Bank deals 'better than insolvency arrangements' --- Army of Pips set to wage war on Irish debt overhang
(DBN)

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Canada:

Lac-Mégantic disaster railway can no longer operate in Canada
(DBN)

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Brazil:

Just Like That, Abu Dhabi Could Pick Up Eike Batista's Brazilian Empire For A Song
(DBN)

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Australia:

Insolvency duo raking it in
(DBN)

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