December 2, 2013

The Daily Bankruptcy News

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Law:

Trustee Liquidating Dewey & LeBoeuf Seeks $21.8 Million --- Suit Details Ex-Dewey Leaders' Lucrative Pay Pacts
(DBN)

The Supremes Take Another Bankruptcy Case
(DBN)

Business of Law
(DBN)

From Big Law to Lean Law
(DBN)

Law Firm Advertising — Now With More Racism!
(DBN)

Dreadlocked, hard-rocking lawyer uses billboard to bring in clients
(DBN)

Ashurst senior associate to stand trial over death of motorcyclist
(DBN)

The 18 finest lawyer Movember tashes
(DBN)

Linklaters' top earner took home £2.3M ($3.7M) in 2012/13
(DBN)

US firms in London muscle in on magic circle rates with 87.5 per cent fee hike
(DBN)

A Guide To Dress Shoes Under $350
(DBN)

The 2013 ATL Holiday Gift Guide
(DBN)

If This Van’s A-Rockin’ Don’t Come A-Knockin’
(DBN)

Clifford Chance elects Layton as new managing partner
(DBN)

To Apply or Not to Apply? That’s a Tough Question
(DBN)

Lawyers, Of Course, You Don't Still Believe Success Comes from High Intelligence
(DBN)

'White Flight' Hits Nation's Law Schools --- Which law schools account for the drop in white students?
(DBN)

Penn State to cut tuition by 50 percent for in-state law students next fall
(DBN)

The Law School Version Of Black Friday
(DBN)

Law schools adjust to lower enrollments
(DBN)

Glut of law grads may go unemployed
(DBN)

Ten Best "Business Law" Faculties
(DBN)

The Sleeping Giant -- Hope and Purpose for Law Students
(DBN)

Women Lawyers: Do you have an intimate relationship with alcohol?
(DBN)

Alcohol-abusing Lawyers: Maybe you got a Gabrb1 mutation
(DBN)

More Law Departments Done With Billable Hours?
(DBN)

2013′s Best Android Apps for Lawyers
(DBN)

Montana Appeals Teacher's 30-Day Sentence In R--- Of 14-Year-Old Girl
(DBN)

UK: Male barrister hotness by region: an infographic
(DBN)

'Stand Your Ground' Law Will Be Tested In Georgia After Man Shoots Wandering Alzheimer's Patient
(DBN)

Drones Are Being Used To Smuggle Drugs Into Prisons
(DBN)

A High-Profile Lawyer Who Represents Trump Tower Investors Has Gone Missing
(DBN)

Law firm to pay nearly $1M to receiver to settle claim it helped client conceal assets
(DBN)

South African President Told To Repay Taxpayer Money After Discovery That 'Security Upgrade' Includes Swimming Pool
(DBN)

Burning Man Runs Into Church, Causes Fire That Kills Himself And Pastor
(DBN)

Boy, Tasered in School, Is in a Coma
(DBN)

Solo leaves law to bring yoga to prison inmates
(DBN)

North Korea Calls Captive 85-Year-Old US Citizen 'Criminal' For His Service During Korean War
(DBN)

Bonkers Law Firm Website of the Week: Obsessed Fan Edition
(DBN)

Inmate Escaped Prison to Go to the Dentist
(DBN)

The Hells Angels Are Surprisingly Litigious
(DBN)

Prosecutor on a jury – 10 things learned
(DBN)

Judge Judy's district attorney son asked to step down after he is accused of trying to cover up his personal trainer's 'child s-- crimes'
(DBN)

Sheriff Arrests Florida Mayor On Drug Charges: "This Isn't Toronto"
(DBN)

Woman has child taken from her womb by social services
(DBN)

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Judges:

Long-serving Butte bankruptcy judge retiring
(DBN)

Judge Drake named Mercer lifetime trustee
(DBN)

Lawyer suspended for religious slurs toward bankruptcy judge
(DBN)

Judge accused of signing blank child-removal orders isn’t immune from suit, federal court rules
(DBN)

Despite Filibuster Limits, a Door Remains Open to Block Judge Nominees
(DBN)

Judge: What’s the solution to my inability to proof and edit?
(DBN)

Am I a conservative or am I an a******?
(DBN)

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Wall Street:

U.S. Stock -Index Futures Little Changed Before ISM Data
(DBN)

S&P 500 Caps Longest Weekly Advance in Decade on Economy
(DBN)

18 Horror Stories About The Killer Exam That Wall Streeters Will Be Taking Next Saturday
(DBN)

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Layoffs:

2.2 Million Jobless Face Aid Cuts in December
(DBN)

The 15 Most Unhealthy Jobs In America
(DBN)

A really bad job that someone must do
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

J.C. Penney shows signs of life on Black Friday
(DBN)

Holiday shopping up, but Black Friday down: report
(DBN)

Online Sales Fuel Retail Gains Over Weekend
(DBN)

Amazon Testing Drones for Delivery
(DBN)

Watch Screaming Mobs Fight Over Televisions At Wal-Mart
(DBN)

The Grim Story Of A Temporary Wal-Mart Worker Who Died In A Black Friday Stampede
(DBN)

Shootings, Fights, And Evacuations — Here's A Rundown Of Black Friday Incidents
(DBN)

11 Black Friday Deals Wal-Mart Shoppers Fought Over
(DBN)

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Aviation:

Judge clears runway for American’s merger --- American-U.S. Airways merger worth $17.2 billion
(DBN)

US Airways Can Find $1B in Revenue Gains at AMR, Analyst Says
(DBN)

US Airways Chief Describes Biggest Challenges in AMR Settlement
(DBN)

American Airlines and US Airways to merge Dec. 9
(DBN)

APA: We’re in ‘a dramatically better position than any of us imagined’ two years after American Airlines entered bankruptcy
(DBN)

Judge says plaintiffs in private antitrust case will have to pay airlines for legal, court costs
(DBN)

Judge issues written rulings on denying TRO and approving DOJ settlement --- Alioto says he plans to appeal judge's denial of his temporary injunction request
(DBN)

AMR-US Airways Merger Checklist Spans Livery, Flier Plans
(DBN)

Alitalia Misses Funding Target; Goes into Second Round --- Raises less than two-thirds of emergency cash --- Alitalia says on course to raise money requested --- Should Alitalia Be Allowed To Fail? --- Alitalia seen running out of options after disappointing cash call
(DBN)

An Incredible Note-Passing War Broke Out On A Thanksgiving Day Flight And Things Escalated Quickly
(DBN)

Frontier's Surprise Fees Anger Many
(DBN)

Pilot reliance on automation eyed in air crashes
(DBN)

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Alternative Energy:

Owners: W. Pa. solar mirror plant won't reopen
(DBN)

Bankrupt energy company probed
(DBN)

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Television:

Comcast, NBC Universal wish to take Crane lawsuit to federal court
(DBN)

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Asset Protection:

Protecting The Downstream Entities Against The Upstream Ones: Huber II
(DBN)

____________

Electricity:

Power companies face grim reality as commodity bets expire
(DBN)

NRG gets US antitrust OK for Edison Mission Energy deal
(DBN)

Are Utilities Unfairly Protected Under the Bankruptcy Code?
(DBN)

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Corporate Reform:

Credit Crisis Litigation Update: It is Settlement Time
(DBN)

CFPB What Have You Done for Me Lately? The Cash America Case, For One Thing
(DBN)

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Payment Processing:

First Data Is Drowning in Debts
(DBN)

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Banking:

Behind the FDIC/JPM Dispute Over Collapse of WaMu
(DBN)

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Economy:

Corporate Profits Hit Record 70% of GDP
(DBN)

$3 trillion headache on the way for corporations
(DBN)

The Boomer Bust
(DBN)

Is Capitalism in Trouble?
(DBN)

Global factory growth picks up but Europe diverging
(DBN)

Cost of '12 Days of Christmas' items
(DBN)

U.S. Stock -Index Futures Little Changed Before ISM Data
(DBN)

2014: BofA Claims Economy Out of Rehab
(DBN)

November Credit Managers' Index Increases to New Post-Recession High
(DBN)

The New America: 3 Million Overlords, 300 Million Serfs
(DBN)

Inflation Is The Key To The 'Dec-Taper' Question
(DBN)

Americans Don't Trust Each Other Anymore
(DBN)

A hilarious bit by Louis CK perfectly describes the economy today
(DBN)

Sorry, Folks, Rich People Actually Don't 'Create The Jobs'
(DBN)

Nearly Half of All Taxpayers Are Over 45
(DBN)

This Is What A Trillion Dollars Looks Like
(DBN)

The Arsonists Are Running The Fire Brigade
(DBN)

America’s Role as Consumer of Last Resort Goes Missing
(DBN)

Faber: US in Massive Speculative Bubble
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Nouriel Roubini identified a bunch of 'bubbly' housing markets
(DBN)

Judge Approves ResCap Settlement With Housing Regulator
(DBN)

Foreclosure boom benefits landlord investors
(DBN)

Arguments Test Time Limits for MBS Put-Back Claims
(DBN)

As FHFA Chairman, Mel Watt would probably embrace principal mods
(DBN)

Carmel home builder BiltRite seeks bankruptcy
(DBN)

Paradise Homes customers yet to find compensation for deals
(DBN)

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Municipalities:

Key Ruling Looms in Detroit --- Detroit bankruptcy ruling poses risks, challenges
(DBN)

Survey of execs: Detroit crucial to state's success - Most back Orr, Snyder; pension cuts split pack
(DBN)

Detroit retirees facing cuts anxiously await bankruptcy eligibility decision - The golden watch may have to be pawned --- Big day looms for Illinois, Detroit pensions
(DBN)

The secret plan to save Detroit's art (and leave retirees behind) --- Detroit creditors seek to put city's art on the table
(DBN)

Detroit Judge Delays Lighting Proposal Over Possible Law Firm Conflict --- As If We Need Another Delay in Fixing Detroit's Street Lights
(DBN)

Banks object to Detroit's proposed $350M bankruptcy loan
(DBN)

Dawsey: 'Kevyn Orr Is Rick Snyder's Hammer,' Not An Advocate For Detroit
(DBN)

Michigan’s Takeover of Detroit Exposes Strain Over Control
(DBN)

Big day looms for Illinois, Detroit pensions
(DBN)

Detroit Retirees Strike Pay Dirt With City-Guaranteed Savings
(DBN)

It's a strange way to get attention
(DBN)

19 Shocking Facts About Detroit's Bankruptcy
(DBN)

Lessons From Detroit And France: If You Overtax Them, They Will Go
(DBN)

Bankruptcy Scrooge steals San Bernardino Christmas parade
(DBN)

Trenton taxpayers get stuck with huge hotel bill after bankruptcy auction
(DBN)

Puerto Rico, with at least $70 billion in debt, confronts a rising economic misery
(DBN)

Illinois Gives Plan Details for Bailout of Pensions
(DBN)

This Map Shows Which States Are Booming, Which Are Stagnating, And Which Are Starting To Fall Behind
(DBN)

What To Expect From The New Liberal Era Of New York City --- NYC mayor-elect will face immediate fiscal crisis
(DBN)

More States Raise Taxes for Roads
(DBN)

The Most Violent Cities In The World
(DBN)

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Derivatives:

New capital rules spur banks seek breathing room with controversial credit relief trades
(DBN)

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Food/Beverage:

Costco's action contested in Sunland filing
(DBN)

Tyson wins a nearly $1 million judgment against Idaho ranch --- Idaho company appeals bankruptcy court ruling
(DBN)

11 Meal Ideas To Use Up That Leftover Thanksgiving Turkey
(DBN)

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Golf:

Bankrupt golf course eyes novel solution
(DBN)

Edgmont Golf Club files for Chapter 11 bankruptcy
(DBN)

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Furniture:

Bankruptcy judges issues final decree for Linwood Furniture
(DBN)

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Hedge Funds:

Bankruptcy Trustee Says Fletcher Investments Inflated Through Fraud --- Fletcher fund like 'Ponzi scheme' --- The Report
(DBN)

FX Assets Fetch $7.48M At Auction
(DBN)

____________

Celebs:

Toni Braxton Loses The Rights to Songs in Bankruptcy Deal
(DBN)

Judge calls evidence against OJ Simpson ‘overwhelming,’ denies bid for new trial in robbery case
(DBN)

10 Hollywood Stars You Never Expect to Go Broke or Bankrupt
(DBN)

10 Billionaires Who Faced A Massive loss
(DBN)

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Holidays:

Corporate History Of The Pilgrims
(DBN)

____________

Lehman:

Ernst & Young Settles Lehman Investor Suit for $99 Mln
(DBN)

____________

Telecoms:

Dish Shareholders Can't Exclude Ergen From LightSquared Bid
(DBN)

Fortress, Centerbridge Show Interest in LightSquared
(DBN)

Will Nortel professional fees finally get some examination?
(DBN)

____________

Buses:

Bankruptcy auction set for firm that made DesignLine bus frames
(DBN)

____________

Gambling:

Miami Jai-Alai owner proposes bankruptcy auction
(DBN)

____________

Fraud:

Bankruptcy judge denies debt relief for Parsons, THR
(DBN)

Florida Man Charged in $18 Million Ponzi Scheme
(DBN)

Madoff's right-hand man, now a turncoat, prepares to take stand at co-workers' trial
(DBN)

Suit Proceeds Against Lender That Ignored Fraud Signs
(DBN)

____________

Religion:

Milwaukee Archdiocese Said To Be In Talks With Insurers
(DBN)

Crystal Cathedral to begin Catholic transformation
(DBN)

____________

Pigeons:

Pigeon King trial: Galbraith calls one witness in his defense
(DBN)

____________

Tech:

Toshiba to takeover OCZ in bankruptcy sale
(DBN)

____________

Art:

Two Additional Lawsuits Brought Against Defunct Manhattan Gallery Knoedler & Co.
(DBN)

____________

Protests:

Occupy activists buy up Americans’ personal debt
(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 (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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 Reform:

Study Finds 2005 Code Reform Cut Recoveries: Bankruptcy
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Settlements:

Sixth Circuit identifies issues a court must resolve before barring third party claims against settling defendants (scroll down)
(DBN)

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Property of the Estate:

All My Alter Egos Live in Texas . . .
(DBN)

____________

Unexpired Leases:

Chapter 11 Debtor Can Assign Previously Assumed Lease Despite Anti-Assignment Clause (scroll down)
(DBN)

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Cross-Border:

In re Sino-Forest Corporation: Enforceability of Non-Debtor Releases in Chapter 15
(DBN)

Using Chapter 15 to Implement Foreign Reorganization Plans in the U.S.
(DBN)

____________

Claim Allowance:

SDNY Bankruptcy Court Allows as a Claim Unamortized Original Issue Discount Generated in a Fair Market Value Exchange
(DBN)

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Claims Trading:

Claim Disabilities Travel With Trade Claims
(DBN)

____________

Secured Debt:

To Participate or Not to Participate--That is the Question
(DBN)

____________

Recent Pleadings:

Dewey Trustee Seeks $21 Million From Dewey Insiders - Compensation payments "far above the value of the services actually "rendered
(DBN)

______________

Litigation:

Is a new federal discovery rule needed? Fearful of sanctions, some companies don’t discard documents
(DBN)

____________

Autos:

Advantage bankruptcy reveals flawed FTC strategy
(DBN)

'Government Motors' era nears an end
(DBN)

Judge: Fisker sale could be final January 3
(DBN)

2 Years After Bankruptcy, Saab Will Restart Production On 9-3 Sedan --- Saab eyes Chinese market in comeback
(DBN)

Wiesmann Has Beaten Back Bankruptcy
(DBN)

____________

Health Care:

Auction for Fountain Springs hospital building
(DBN)

Auction ends with no sale of Saint Catherine
(DBN)

Health Site Is Improving But Likely to Miss Saturday Deadline --- White House Claims 'Dramatic Progress' on Health Site --- HealthCare.gov tech team scrambling to create workaround for site before deadline --- Obamacare Site Repair Goals Reached, Administration Says --- Obama: “Nowhere to Go But Up” After Health Care Website Debacle --- The White House Briefly Considered Scrapping Healthcare.gov Altogether After Disastrous Site Launch --- Obamacare Under the Knife Again
(DBN)

____________

UK:

Large company insolvency rate cut by over half
(DBN)

Law firm partners warned about insolvency --- Half of partners “don’t understand catastrophic personal consequences” of law firm failures
(DBN)

Watson Farley shocked by sudden resignation of Managing Partner
(DBN)

Pressure mounts on RBS as CC appointment faces fresh criticism
(DBN)

Zombies? They are a myth
(DBN)

Hearts CVA agreed by creditors
(DBN)

Deloitte partner Louise Brittain joins Wilkins Kennedy
(DBN)

Amelle Berrabah appealing bankruptcy proceedings
(DBN)

Veteran Owls star made bankrupt
(DBN)

Co-operative Bank rescue deal set to get go-ahead --- Co-op Bank wins retail investor approval for rescue
(DBN)

Co-op Bank appoints GC following division of group legal team
(DBN)

Reed Smith and Clifford Chance among firms advising on £662m Eurosail restructuring
(DBN)

Too close for comfort? Banking and big law's 'cosy' relationship in the news
(DBN)

Bankruptcy remoteness - a remote prospect?
(DBN)

Festive financial pressures turn Britons towards payday lenders
(DBN)

____________

EU:

Euro hovers near highs as euro zone inflation rises
(DBN)

____________

PIIGS:

Moody's raises Greek rating to 'Caa3'
(DBN)

ie: ' Bankruptcy offers some people a break, their debts end overnight' --- At least I'm no longer a debt zombie, says mum of two --- Home owners could yet get chance to stick it to banks --- New insolvency processes offer hope --- Sweet alchemy of bankruptcy may lift economy from deathbed --- Finally it's the turn of ordinary people – 'save banks at all costs' was never going to work --- Number of insolvent companies drops by 18pc so far this year --- Thousands to enter bankruptcy as fees and stamp duty cut in half
(DBN)

Spain to rescue empty toll roads in deal avoiding deficit hit
(DBN)

Italian Banks' Woes Hurt Small Firms
(DBN)

____________

Canada:

Canada Emerging from Economic Slowdown
(DBN)

Tuscany lenders impose restructuring officer
(DBN)

Investment group's unit in bankruptcy
(DBN)

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Germany:

Insolvency & Restructuring Marketplace Analysis
(DBN)

Olswang launches new Restructuring & Insolvency partnership in Germany
(DBN)

Deutsche Telekom to cut up to 6,000 jobs at IT service unit -paper
(DBN)

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Netherlands:

Netherlands loses AAA rating
(DBN)

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Poland:

Stocznia Gda?sk to file for bankruptcy ?
(DBN)

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Austria:

Austrian central bank rules out Hypo insolvency
(DBN)

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Venezuela:

Venezuela Alleges 99% Of Businesses Are Price Gouging
(DBN)

___________

Brazil:

Beleaguered OGX seeks USD150 million in fresh capital from bondholders
(DBN)

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China:

China Manufacturing Index Beats Estimates as Output Rises
(DBN)

Personal bankruptcy system next step for market
(DBN)

____________

Korea:

Global recovery still too weak, S.Korea data shows
(DBN)

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Finland:

Nyrstar Withdraws Support From Talvivaara as Talks Fail --- Talvivaara Jumps as Finnish Court Starts Restructuring
(DBN)

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Russia:

Russia 'rust belt' struggles
(DBN)

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India:

As bad loans mount, India gets tough on "willful" default
(DBN)

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Iceland:

Creditors in Iceland Banks Face Pressure to Speed Up Settlement
(DBN)

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Copyright 2013