August 2, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Legal fees cut by $26M in Citigroup case; judge nixes $550 hourly charge for lawyer paid $15 --- The Opinion
(DBN)

Lawyers in Detroit bankruptcy may face scrutiny on fees
(DBN)

Jones Day: Mandatory Retirement For Big Hitters Creates Opportunity For Others
(DBN)

DLA stretches global rankings lead as mergers reshape legal hierarchy
(DBN)

All is well for BigLaw? Not if you talk to clients and really crunch the numbers
(DBN)

Wanted: Document Review Attorneys
(DBN)

Are we producing more or fewer JDs? Arkansas law prof's answer is sleight of time.
(DBN)

Summer Associate Fun In Flyover Country
(DBN)

Family-Friendliness? Oui. Promotions? Non!
(DBN)

The Associates Survey: Where Satisfaction Lives
(DBN)

UK top 50 push combined revenues past £13bn as PEP growth falters
(DBN)

Dechert Looks to Hollywood for Marketing Edge
(DBN)

Lawyer Who Beat Chevron in $18B Case Faces Trial of His Own
(DBN)

Blank Rome, Jackson Lewis, K&L Gates: Business of Law
(DBN)

Teenager Pads Résumé With Extracurricular Bar Admission
(DBN)

The Economic Value of a Law Degree: Correcting Misconceptions
(DBN)

Law school financing system in need of ‘serious re-engineering,’ task force says
(DBN)

Trouble in Paradise? Bar Exam Day Two Mishap
(DBN)

Group Offers to Certify Law Schools' Honesty for a Fee
(DBN)

'Last Days of Big Law' Article Sparks Discussion
(DBN)

Major US Bank Offers Online Legal Services in Business Hub
(DBN)

Senior partner says it’s ‘not my job 2 care about justice’ and that he couldn’t ‘give a flying f… about anybody else’
(DBN)

Indiana Lawyer Is Disbarred for Tell-All Book That Dished Private Info About Former Client
(DBN)

Diaries Of Chained Kidnap Victims Detail Horrible Abuses At Hands Of Cleveland Monster --- Remorseless Cleveland Kidnapper Tries To Justify Monstrous Crimes, Sentenced To Life Without Parole --- Ariel Castro gets life plus 1,000 years, says ‘I am not a monster,’ cites ‘harmony’ among captives
(DBN)

XKeyscore: NSA tool collects 'nearly everything a user does on the internet' --- How NSA's XKeyscore Program Works --- Snowden has won temporary asylum, his lawyer says --- Furious White House Blasts Russia Over Edward Snowden: 'Mr. Snowden Is Not A Whistleblower' --- Terrorism Task Force Agents Show Up At Journalist's Home Over Google Searches About 'Pressure Cookers' And 'Backpacks' --- Bradley Manning Thinks He Knows Best: The Hubris of a Leaker --- Obama Says He's Open To Surveillance Changes In Order To Restore Citizens' Trust --- Laws Are Not Enough -- Stop telling us what the NSA canýt do to us legally. Show us real barriers to abuse
(DBN)

Here's A Leaked Letter Aaron Hernandez Wrote In Prison
(DBN)

Two Lost Women Are Rescued On Hike Only To Die After Driving Off Pier
(DBN)

'Pastafarian' seeking religious freedom wins court order allowing him to wear colander on his head for ID photo
(DBN)

Law Firm May Stay in Case Despite Hiring Expert Who Had Talked With Opposing Party
(DBN)

ABA letter warns of ‘marked imbalance’ caused by sequestration cuts to public defender offices
(DBN)

Former Federal Prosecutor Violated Ethics Rule
(DBN)

Fort Hood Shooting Suspect Renounces US Citizenship And Denounces Democracy
(DBN)

Fourteen nonlawyers and general counsel who changed the nature of large firms
(DBN)

American tourist killed after refusing to sing 'Hotel California'
(DBN)

Man Wearing Body Armor And Carrying A Loaded Gun Arrested At Michigan Movie Theater
(DBN)

Former Exec Gets 30 Days In Jail And 3 Years Probation For Stealing LEGOs
(DBN)

Lawyer suspended for violating no-s**-with-client rule; he admits s** was case fee
(DBN)

Barrister Hotties
(DBN)

Liberal Arts College President Creates Furor After Calling Minority Students 'Dark Ones'
(DBN)

Man Protesting Court Decision Over Car Wreck Repays $150,000 With Four Tons Of Quarters
(DBN)

Say What?!
(DBN)

______________

Judges:

New Bankruptcy Judge Appointed for District of Nevada
(DBN)

Ex-Marine Admits He's 'An Idiot' For Plotting To Decapitate A Judge And Prosecutor
(DBN)

After 20 years on the Supreme Court, Ginsburg rates herself the hardest-working justice
(DBN)

Supreme Court Retirement Watch: Ruth Bader Ginsburg
(DBN)

Supreme Court to decide whether CEOs can impose their religious beliefs on their workers
(DBN)

Inmate pleads guilty in courthouse bomb threat, says he did it on a dare
(DBN)

Accomplice in Plot to Slay Judge, AUSA Gets 24 Years
(DBN)

Judges May Ethically Tweet
(DBN)

______________

Wall Street:

US stock futures pin hopes to July jobs report
(DBN)

Goldman: 3 Reasons Jobs Report Will Be Strong
(DBN)

Stocks close at record highs
(DBN)

A Fallen Wall Street Programmer Tells His Side
(DBN)

______________

Layoffs:

Here's What's Actually Going On In The Labor Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Art:

MoLAA Event to Focus on Detroit's 'Creditor Art'
(DBN)

Bankrupt Detroit's Art Hangs In The Balance --- Protecting Detroit's Artwork Is a Job for Detroit --- Beginning of the End for Detroit Art Museum?
(DBN)

Detroit art museum warns auction could be death knell
(DBN)

Detroit Institute of Arts vows to fight any move to sell collection 'with all legal means at our disposal'
(DBN)

____________

Oil/Gas:

Shell Signals Trouble In 'Saudi America'
(DBN)

____________

Electricity:

Edison Mission Creditors Seek Standing to Sue Parent Company
(DBN)

Danskammer sale to ICS dead
(DBN)

Will another Illinois coal plant bite the dust?
(DBN)

____________

Religion:

Federal Judge Rules Catholic Church Law Trumps Civil Law, Denying Sex Abuse Victims Compensation --- Judge: Using cemetery funds to pay for bankruptcy violates religious rights
(DBN)

Televangelist Schuller out of hospital after fall
(DBN)

____________

Economy:

Manufacturing in US Accelerates More Than Forecast
(DBN)

Global Manufacturing Growth Accelerates In July --- Global Economic Tides Turning
(DBN)

Obama picks restructuring expert to take over IRS
(DBN)

Construction Spending in US Unexpectedly Declined in June
(DBN)

US Jobless claims plunge to lowest in nearly six years --- Don't Get Too Excited About Today's Awesome Jobless Claims Report
(DBN)

Is America on the Decline?
(DBN)

The Real Change In The Cost Of A Big Mac If McDonald's Workers Were Paid ...
(DBN)

21.6 million (1 out of 3) millennials lived with their parents in 2012
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US mortgage bonds rise as Fed stays quiet on paring purchases --- US Mortgage Rates Climb for First Time in Three Weeks
(DBN)

California Mayor Attacks ‘Greed’ With Eminent Domain Bid
(DBN)

Average 30-year mortgage rate jumps to 4.4%
(DBN)

After the Banks, FDIC Pursues Appraisers
(DBN)

ResCap Settles Class Action Suit With 'High Cost' Borrowers --- ResCap bankruptcy costing Ally Financial
(DBN)

Citigroup agrees to $590 million mortgage bond settlement
(DBN)

Five-year-old TOUSA homebuilder bankruptcy gets exit plan
(DBN)

Texas home prices reach all-time high
(DBN)

The Most Expensive Homes In Finance
(DBN)

___________

Retailing:

Citi downgrades JC Penney stock to 'sell' --- J.C. Penney Denies Report of Credit Problems; Shares Up
(DBN)

____________

Municipalities:

More Bankruptcies Won't Solve Cities' Crises
(DBN)

Worst July Since 2003 Seen Paving Way for a Muni Rebound
(DBN)

A crack in the armor of the special revenue bond
(DBN)

This Could Shake Muni Bonds to the Core
(DBN)

Who or what is to blame for Detroit's bankruptcy? 15 theories on the city's decline --- Are unions to blame for the demise of Detroit into bankruptcy ?
(DBN)

Michigan’s Schuette on Both Sides of Detroit’s Bankruptcy
(DBN)

US bankruptcy court to shed light on Detroit case timeline
(DBN)

Detroit bankruptcy hearing to examine eligibility
(DBN)

Detroit bankruptcy hearing, funeral for icon set
(DBN)

Retiree representation at issue in Detroit bankruptcy hearing
(DBN)

Michigan's Genesee County Postpones $54 Million Bond Offer
(DBN)

Levin, Stabenow expected to speak against bill blocking Detroit bailout
(DBN)

Poll: Majority oppose bailing out Detroit
(DBN)

Sen. David Vitter tries unsuccessfully to pass bill barring bailouts for Detroit, other bankrupt communities
(DBN)

Detroit bailout would reward bad decisions
(DBN)

Thoughts From Across the Atlantic » Detroit and the Federal Government: Can the U.S. Learn from Europe’s Mistakes?
(DBN)

Detroit May Be Bankrupt, But at Least It Has Whole Foods
(DBN)

The 'Detroit Three' Automakers All Miss Sales Expectations
(DBN)

Small manufacturers bet on Detroit brand despite bankruptcy
(DBN)

Even when jobs return, Detroit's workers fall short on skills
(DBN)

Dissolution Of Detroit Is A National Teaching Moment
(DBN)

Motown's Bankruptcy Blues
(DBN)

Was Mitt Romney right about Detroit and Russia?
(DBN)

Motown blues
(DBN)

San Bernardino city leaders still sparring a year after declaring bankruptcy
(DBN)

Newark, New Jersey Is The Least Friendly City In The World
(DBN)

Bankruptcy : 'Pension tsunami'
(DBN)

____________

Furniture:

Final hearing on Linwood bankruptcy case set for Aug. 21
(DBN)

____________

Credit Debit Cards:

The Real Victims Of New Debit Swipe Fee Rules? Consumers, Not Banks
(DBN)

____________

Fraud:

SEC prevails as jury finds Goldman's Tourre liable for fraud --- Tourre's Junior Staff Defense Seen Leading to Trial Loss --- Inside the Jury Room at Tourre Trial --- The Real Star of Fabulous Fab's Trial
(DBN)

Feds: Long Island resort funded by $96 million Ponzi scheme
(DBN)

Central NY local gets $10.8M in Madoff settlement
(DBN)

Fraud verdict reversed for former Miss Montana
(DBN)

____________

PR:

In a Corporate Crisis, There's a Need for Speed
(DBN)

____________

Aviation:

AMR says creditors approve reorganization plan --- 'Overwhelming acceptance' --- AMR Nears Bankruptcy Exit
(DBN)

AMR Plan Elicits Objections From Bondholders, Airports
(DBN)

Avantair creditors file involuntary bankruptcy petition
(DBN)

Bankruptcy judge pushes Avantair for answers
(DBN)

____________

Education:

Bankruptcy judge gives Morris Brown two more weeks to come up with a plan
(DBN)

____________

Tax:

“Sovereign citizens” president sentenced to 18 years for tax crimes
(DBN)

____________

Environmental:

Uncertainly over Kodak environmental fund stalling economic council work
(DBN)

____________

Debt Collection:

Pentagroup Financial Services closes Houston office, affecting 123 jobs
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

WI: Bankruptcy filings drop 11%
(DBN)

NM: Big decline in bankruptcy filings, U.S. Bankruptcy Court says
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Bill on Bankruptcy: Detroit Could Mean Little for Creditors
(DBN)

____________

Plan Confirmation:

Cramdown and Valuation Issues for Secured Creditors
(DBN)

____________

Trustees:

'You Hate My Job' radio series features bankruptcy trustee
(DBN)

____________

Cross-Border:

Obtaining Ch. 15 Provisional Relief Just Got Harder
(DBN)

____________

Bankruptcy Bonuses:

Bankruptcy Watchdog Attacks Orchard Supply Executive Bonuses
(DBN)

____________

Deadlines:

Better Never Than Late: The Limitations of Bankruptcy Rule 8002(a)’s “Relate Forward” Provision
(DBN)

____________

Privilege:

The Privilege Is All Mine: What Happens To A Corporation's Attorney-Client Privilege In Bankruptcy?
(DBN)

____________

Litigation:

Both sides in Calif. trial use same expert
(DBN)

____________

Metals:

Ohio regulator rejects Ormet's expedited request for cheap power
(DBN)

Ormet Plight An Emergency
(DBN)

___________

Entertainment:

Exposed Woman Protests Girls Gone Wild’s Deal With Wynn
(DBN)

____________

Alternative Energy:

Nevada firm wants to buy Pocatello's Hoku plant
(DBN)

____________

Mass Torts:

Closed testimony continues at Garlock trial
(DBN)

____________

Autos:

Yankee Air Museum gets more time to find money to buy piece of Willow Run bomber plant
(DBN)

____________

Health Care:

New Rochelle's Largest Employer Terminates ALL of its 2,000 Employees
(DBN)

Sound Shore Medical Center may get decision on sale
(DBN)

Brooklyn representatives urge reprieve for closing hospital --- Bed-Stuy rally to save Interfaith hospital
(DBN)

9 Primary Reasons Why Hospitals File for Bankruptcy
(DBN)

Rural/Metro: What will bankruptcy mean for workers? --- Bankruptcy looms over ambulance services
(DBN)

____________

Coal:

Patriot Coal seeks to change loan agreement to avoid default
(DBN)

WV House members introduce bill protecting Patriot employee benefits
(DBN)

____________

Student Debt:

Bipartisan Deal to Reduce Deficit on Backs of Student Borrowers
(DBN)

____________

Celebs:

Judge approves $25K settlement for Casey Anthony life-story rights
(DBN)

Judge rules against former NFL player Treadwell
(DBN)

"Real Housewives of New Jersey" Star Pays Out to Creditors
(DBN)

Teresa Guidice’s ‘RHONJ’ Co-stars Could Be Called To Testify Against ‘Real Fraudwife’
(DBN)

____________

UK:

Hearts CVA could leave creditors empty handed
(DBN)

IPs instructed about debt management firm
(DBN)

Personal insolvencies down 10% in H1 2013 --- Insolvency levels 'continue to fall' --- UK Insolvencies, Company Liquidations Rise In Second Quarter --- Insolvencies on the rise again
(DBN)

UK Construction Index Blows The Doors Off
(DBN)

Law firms who hacked may be named
(DBN)

Kaupthing pension trustees win £2m court battle
(DBN)

PPF hires new insolvency risk provider
(DBN)

DWF and RPC shine as two thirds of top 50 see PEP fall over five years --- Mergers fuel growth in domestic market as national firms outpace top 50 rivals
(DBN)

____________

EU:

ECB holds rates, confirms no move for 'extended period'
(DBN)

Don't Get Worked Up About Jobless Fall
(DBN)

____________

PIIGS:

Reforming Greece's state sector - new face takes on old problem
(DBN)

Italy's top court orders prison term for Berlusconi --- Berlusconi Tax-Fraud Conviction Threatens Italian Government
(DBN)

____________

France:

Oetinger's French unit follows parent into administration
(DBN)

____________

MENA:

US Closing All Embassies In Middle East On Sunday Over Possible Threat From Al Qaeda
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013