December 4, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Skadden Arps Announces
(DBN)

Biglaw’s Most Underrated Firms by Practice Area
(DBN)

Creative Billing: Biglaw’s Perennial Profit Engine
(DBN)

With Detroit's Chapter 9 Filing Approved, Some Firms Win Big
(DBN)

Kirkland, Skadden Lead on Largest Bankruptcy Matters
(DBN)

Business of Law
(DBN)

Firms that Hired Dewey Partners Can't Block Subpoenas
(DBN)

Magic Circle Partners' Rate Hits $1,375 an Hour
(DBN)

Midsize CA firm closes satellite office, sees attorney roster dip
(DBN)

Firms merging to grow, stay competitive in flat market
(DBN)

When can you use the "of counsel" designation?
(DBN)

Why I Genuinely Enjoyed Working As A Corporate Lawyer In A Big Law Firm
(DBN)

A scholarship to avoid law school
(DBN)

I Hate Law School [Music Video]
(DBN)

Few Law Grads Finding Jobs Through Online Match Service
(DBN)

The Best Smartphones In The World
(DBN)

Donald Trump Files Ethics Complaint Against 'Dumbest Attorney General'
(DBN)

Law firm releases racist ad, claims hacking --- Embarrassing online ad creates headaches for law firm and profits for video maker
(DBN)

The Heisman Trophy's Nightmare Scenario Is Closer To Becoming A Reality
(DBN)

More schools back away from zero tolerance
(DBN)

Guardian Only Published 1% of NSA Leaks
(DBN)

Kansas City Firefighter Killed by Police After His Wedding Reception
(DBN)

Police Seize White Teen from Black Legal Guardians Without Cause
(DBN)

Why The "Forced Caesarean" Story Was Wrong
(DBN)

Man Who Had S-- with Goat Forced to Face Animal in Court --- Will The Goat Have To Enter Witness Protection?
(DBN)

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Judges:

Judge threatened after ruling Detroit’s bankrupt: ‘Expect to either be beaten or run over’
(DBN)

Pro Se Litigant Starts Yelling At A Judge And It’s All On Video
(DBN)

The Highest Lunchbox in the Land
(DBN)

Facebook chat about ‘hit’ on judges adds to court problems for 2 defendants
(DBN)

This Federal Judge Does Not Like Hippies One Damn Bit
(DBN)

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Wall Street:

Futures climb ahead of employment, home sale reports
(DBN)

Stocks skid for third straight day; Dow drops below 16000
(DBN)

Money Managers Haven't Bet On Stocks With This Much Borrowed Money Since 2006
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

In congressional budget debates, unemployment benefits may lapse
(DBN)

Where will workers go after their jobless benefits expire? Probably not on disability.
(DBN)

Potash Corp to cut workforce by 18 pct as prices slump
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

LBMC May Declare Bankruptcy
(DBN)

October Medicaid Applications Far Outpace Enrollment Through Exchanges
(DBN)

HealthCare.gov Diagnosis: The Government Broke Every Rule Of Project Management
(DBN)

IRS Needs Changes to Avoid Health Law Fraud, Audit Says
(DBN)

Doctors Face A 24% Pay Cut In Both Medicare And Medicaid Reimbursements
(DBN)

102 Safety-Net Hospital CEOs: DSH Cuts Will Lead to Layoffs, Financial Hardship
(DBN)

Myths of American's Longevity Gains
(DBN)

Nearly all hospitals will give you the price of parking. Barely any will give you the price of health care.
(DBN)

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Banking:

Lacker: Banks' bankruptcy plans will reduce risk
(DBN)

Why FDIC is Running Out of Time for Resolution Planning
(DBN)

Number of US banks hits low not seen since Depression
(DBN)

Fed Okays Goldman and JPM Capital Plans
(DBN)

Anchor in Wisconsin Turns a Profit after Bankruptcy
(DBN)

EU fines banks record $2.3B over Libor
(DBN)

Ex-WaMu CEO Killinger Said to Be Near Settlement in Bank Failure
(DBN)

The $5 trillion dilemma facing banking regulators
(DBN)

Low bank wages costing the public millions, report says - 1/3rd of tellers on public assistance
(DBN)

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Derivatives:

Boom-era credit deals poised for comeback
(DBN)

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Corporate Reform:

Wall Street Sweats Out Volcker Rule With 18% of Revenue in Play
(DBN)

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Religion:

Stockton diocese likely to be 10th in US to enter bankruptcy
(DBN)

Pope Puts On Costume, Sneaks Out of Vatican at Night to Help the Poor
(DBN)

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Apparel:

Hardwick Clothes Files Bankruptcy Over Pension Problems
(DBN)

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Autos:

Saab Gets Ready for Another Crushing Failure
(DBN)

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Shipping:

Eagle Bulk Joins List of Shippers Suffering from Low Charter Rates
(DBN)

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Television:

Houston Astros' Stake in TV Network at Issue in Suit by New Owner
(DBN)

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Aviation:

Shares of Bankrupt American Airlines Go Sky High for Investors --- Bankrupt airline AMR proves to be great investment
(DBN)

AMR -US Airways Merger Should Benefit Discount Airlines
(DBN)

Sale of Frontier Airlines Closes
(DBN)

Ryanair has not offered to take part in Alitalia cash call
(DBN)

How Cool Flying Used to Be
(DBN)

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Compensation:

US Tax Breaks for CEO's Million Dollar Salaries
(DBN)

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Economy:

Recovery pauses in November, euro zone divergence deepens
(DBN)

Sturdy jobs report eyed, may put December Fed taper on table
(DBN)

Expiring jobless benefits to lower unemployment rate
(DBN)

Pew Survey: Americans See US in Decline
(DBN)

US Poll: America Should Mind Its Own Business
(DBN)

Fed's Williams: Cutting rate on banks' reserves 'would make sense'
(DBN)

White House Seriously Considered Minting A Trillion Dollar Platinum Coin To Avoid Breaching The Debt Ceiling
(DBN)

Bill Gross: What's Keeping Me Up at Night
(DBN)

Australia Just Agreed To The Obvious Debt Ceiling Solution That US Lawmakers Should Copy Right Away
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US home prices rise just 0.2 percent in October
(DBN)

Single Family Inventory Down Again, But Pace of Decline Slowed in Q3
(DBN)

ResCap resolves bondholder objection to Chapter 11 exit
(DBN)

ResCap’s bankruptcy exit clear
(DBN)

BofA to Pay Freddie Mac $404 Million
(DBN)

Private Foreclosure Sales: Successor Liability Risks For Buyers ý Mere Continuation Theory
(DBN)

Mortgage Acknowledgments: Tiny Deviation From Suggested Forms Can Spell Disaster
(DBN)

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Municipalities:

Detroit given bankruptcy protection from its creditors --- Unions, Pension Funds Likely to Appeal --- Detroit 'needs help,' is eligible for bankruptcy , judge rules --- No stay of Detroit bankruptcy in wake of appeals --- Easier into bankruptcy than out --- Welcome to Bankruptcy , Detroit! --- 4 main rulings on eligibility criteria for Detroit bankruptcy case --- Detroit is insolvent , bankruptcy judge says --- Detroit Can Stay in Bankruptcy ... Now What? --- Next up for Detroit: Plan of adjustment to settle debts
(DBN)

Detroit bankruptcy expected to survive appeals process
(DBN)

Detroit's bankruptcy follows decades of decay
(DBN)

In surprise ruling judge rules that pensions can be cut in Detroit bankruptcy --- A Shocking Thing Just Happened in the Detroit Bankruptcy Process --- Detroit Retirees Put on Notice in Bankruptcy Ruling --- Detroit Pension Cuts 'Inhumane,' 'Morally Corrupt,' 'Nuts': AFSCME President --- Detroit Bankruptcy Judge: Pension Guarantees Aren't Guaranteed --- Has Bankruptcy Ruling Trumped State Constitution? --- Detroit manager calls for pension talks with city unions --- Bankruptcy ruling shocks, disappoints Detroit retirees --- Judge Rules Pensions May Be Cut — But He Won't Necessarily Approve Them --- All But Guarantees Pension Cuts --- Public pensions are contractual --- Detroit Mayor-elect Mike Duggan advocates fair treatment of pensioners in bankruptcy --- Bankrupt Detroit can cut pensions; big implications for California
(DBN)

Thanks to Detroit’s bankruptcy ruling, state pensions just got a whole lot riskier
(DBN)

Detroit Creditors to Take Huge Haircut, Miller Says --- In largest-ever U.S. city bankruptcy , cuts coming for Detroit creditors, retirees
(DBN)

'Consensual deal' in Detroit bankruptcy going to take epic horse trading
(DBN)

Detroit Goes Down
(DBN)

'Rough justice,' more pain await Detroit
(DBN)

Detroit: Eligibility and Pensions
(DBN)

Why Unions Don't Want Detroit Filing for Bankruptcy
(DBN)

GRS And PFRS Statement For The Objection To The Eligibility Of The City Of Detroit's Chapter 9 Bankruptcy
(DBN)

Union lawyer: Ruling 'huge loss' for Detroit
(DBN)

Detroit Emergency Manager Kevyn Orr to present plan for cuts, financial reorganization --- Emergency manager: Time of essence in bankruptcy --- Orr: 'Let's get this done'
(DBN)

Orr and Detroit Institute of Arts respond to bankruptcy eligibility ruling --- Kevyn Orr news conference
(DBN)

DIA sales not ruled out, but Rhodes says selling of assets demands 'extreme care' --- Detroit museum says it will act to protect art --- Fate of Detroit's Art Hangs in the Balance
(DBN)

Detroit's Bing: Bankruptcy Lets City `Move Forward'
(DBN)

Doom for Detroit?
(DBN)

Bankruptcy for Detroit isn't doomsday. It's more akin to a long divorce process
(DBN)

Bankruptcy is opportunity for Detroit
(DBN)

We See a Lot of Outside Interest in Detroit: Baruah
(DBN)

A Tale of Two Detroits: Bankruptcy & Business
(DBN)

Detroit bankruptcy ruling: Winners and losers
(DBN)

Bankruptcy eligibility ruling a victory for Detroiters
(DBN)

Timeline of Detroit financial crisis
(DBN)

Reaction to ruling in Detroit's bankruptcy case
(DBN)

Snyder: Bankruptcy gives Detroit 'brighter future'
(DBN)

Detroit's Bankruptcy Affects State
(DBN)

Stocks extend losses after Detroit ruling
(DBN)

Retirees, others picket courthouse ahead of Detroit bankruptcy ruling --- “This Is War — Outright War” : Detroiters Protest Bankruptcy
(DBN)

You Can (Literally) Own a Piece of Detroit
(DBN)

Alabama county emerges from second-largest municipal bankruptcy
(DBN)

Lee R. Bogdanoff: My memo to Jefferson County, a community poised for growth and success
(DBN)

Sewer customers seek emergency court hearing before Jefferson County finalizes sewer financing deal to exit bankruptcy
(DBN)

Move over Jefferson County. Detroit now the largest municipal bankruptcy filing in U.S. history.
(DBN)

Cloudy outlook for California city threatened by bankruptcy
(DBN)

CA: Ruling hits legal status of pensions
(DBN)

Pension Ruling in Detroit Echoes West to California
(DBN)

Detroit Bankruptcy Ruling May Set Cities’ Precedent
(DBN)

Many more US cities to go bankrupt : Analyst
(DBN)

Detroit Ruling Adds To A Growing Playbook For Muni Bankruptcy
(DBN)

Royal Oak Twp. closer to state control over budget deficit
(DBN)

New App Is Changing The Way People Think About Public Transportation In New York City
(DBN)

The 22 Coolest Small Businesses In Los Angeles
(DBN)

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Distressed Investing:

Distressed Company Watch List
(DBN)

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Fraud:

The Way Bernie Madoff Faked Trades Sounds Almost Too Simple To Be Believed
(DBN)

Madoff Behaved Like a Lunatic Over Fund Probe, Jury Told
(DBN)

SAC Fund Manager Joked E-Mail Could Raise Legal Eyebrows
(DBN)

SAC manager, analyst debated telling Cohen about inside info
(DBN)

Accuser’s credibility ripped in SAC manager trial
(DBN)

Former Republic Windows CEO to plead guilty, according to his lawyer
(DBN)

NY to free ex-Tyco exec Dennis Kozlowski on parole
(DBN)

Wal-Mart pays lawyer fees for dozens of executives in bribery probe
(DBN)

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Celebs:

Casey Anthony’s Parents Sell Family Home For $85K — Their Own Home In Foreclosure, Where Is The Money Going?!
(DBN)

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Alternative Energy:

Taxpayers foot $7.4 million Fisker utility bill
(DBN)

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Petroleum Distribution:

Pettit Oil files for bankruptcy protection; customers likely not affected
(DBN)

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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 (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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:

As Bankruptcy Filings Fall, the Percentage of Chapter 13s Rises
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Fed's Lacker : New Bankruptcy Laws Needed for Big Banks --- Banks' bankruptcy plans will reduce risky funding
(DBN)

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Claims Trading:

Caveat Emptor: Bankruptcy Claims Buyers Beware as Third Circuit Affirms KB Toys
(DBN)

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Sales:

'Free and Clear' Has Broad Reach in Bankruptcy Sales
(DBN)

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Jurisdiction:

Analyzing the Post-'Stern' Landscape in New York
(DBN)

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Cross-Border:

The Cross-Border Resolution of Banking Groups: International Initiatives and National Challenges
(DBN)

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Claim Allowance:

Interesting ResCap FactOID – Court Rejects Effort to Disallow Portion of Bond Claims Based on “Original Issue Discount”
(DBN)

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Corporate Governance:

Are Bank Directors and Officers Entitled to Less Business Judgment Rule Protection Than Other Corporate Directors and Officers?
(DBN)

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Insurance:

Ambac and the New World Order
(DBN)

___________

Food/Beverage:

PACA claim deadline set in Allens bankruptcy
(DBN)

Bank of America Corp : Judge Asked To Approve $53.6 Million Sale of Pro's Ranch Market
(DBN)

Fast-food workers plan a new wave of walkouts across the nation
(DBN)

The Best Restaurants In 20 Big Cities Around The US
(DBN)

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Student Debt:

CFPB Issues Rule to Supervise Largest Nonbank Student Loan Servicers
(DBN)

After Years of Troubles, Largest Student-Loan Servicers Get Stepped-up Oversight
(DBN)

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Mass Torts:

Ex-BP Engineer Destroyed Evidence on Spill, Jury Told
(DBN)

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Hockey:

Gretzky, NHL reach settlement
(DBN)

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Golf:

Edgmont Golf Club files for Chapter 11 bankruptcy
(DBN)

Bank reviews bids for defunct White House golf course
(DBN)

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Telecoms:

BlackBerry interim boss in it for the long haul: Fairfax
(DBN)

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Personal Finance:

Holiday Gifts For Dad
(DBN)

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UK:

Time running out for uninsured law firms
(DBN)

After Saying Many People Are Just Too Stupid, London Mayor Fails Live 'IQ Test'
(DBN)

Young British and Broke: Miquita Oliver Looks at Payday Loans
(DBN)

Fitch downgrades Eurosail-UK 2007-5 Classes B1c, C1c and D1c to 'Dsf' on Restructuring
(DBN)

'Teddy' Johnson declared bankrupt by British court
(DBN)

Dappy Facing Bankruptcy: N-Dubz Star Given Until January To Settle Unpaid Tax Bill
(DBN)

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EU:

Eurozone factory prices slump to nearly 4-year low in October
(DBN)

Deutsche Bank to RBS Fined by EU for Rate Rigging
(DBN)

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PIIGS:

ie: Seán Dunne challenges seizure of items from Kildare property --- Gayle Killilea has a ‘privacy right’ on her bank accounts, US court hears --- NAMA takes possession of bust developer's €6m Dublin 4 home --- New bankruptcy law comes into effect --- State's bankruptcy term cut from 12 years to three --- Ireland Recoups Bank of Ireland Bailout After Preferred Sale
(DBN)

Seat Pagine Gialle's loans sink after downgrade
(DBN)

Greek state repaying arrears but creating new debts
(DBN)

Spain's Bankruptcy Epidemic Slays Giants, Dwarfs
(DBN)

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France:

France vs US in a tale of two layoffs
(DBN)

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Montenegro:

Deripaska's CEAC sues Montenegro over aluminum plant bankruptcy
(DBN)

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Brazil:

Brazil's Economy Falls, First Time Since 2009
(DBN)

OGX, creditors near accord to swap debt for stock
(DBN)

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Mexico:

Insolvency & Restructuring Marketplace Analysis
(DBN)

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Jamaica:

Insolvency law to improve business environment
(DBN)

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