December 5, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Cleary Gottlieb
(DBN)

Ex-Jones Day partner secures Detroit bankruptcy ruling triumph
(DBN)

Halloran & S age Welcomes Myles Alderman, Jr. as Chair of the Bankruptcy, Creditors Rights and Restructuring Practice Group
(DBN)

Lawyers Who Fled An Imploding Law Firm Might Get Sued
(DBN)

How I Finally Knew I Wanted To Quit Being A Lawyer
(DBN)

Business of Law
(DBN)

Failure of Leadership
(DBN)

Hard Conversations 101
(DBN)

Midsized Practices Luring Lawyers From Large Firms
(DBN)

Q3 2013 Bankruptcy League Tables
(DBN)

Bill Padding and the Contract Lawyer
(DBN)

Becoming In-House Counsel: A Guide for Law Students and Recent Graduates
(DBN)

New Boss at the Helm of Baker Botts' Houston Office
(DBN)

From Harvard Law School To A Career In Film
(DBN)

12 Dining Etiquette Rules Every Professional Should Know
(DBN)

What Have I Gotten Myself Into?
(DBN)

NSA tracking cellphone locations worldwide, Snowden documents show - 5 billion records a day --- More Misinformation on the NSA
(DBN)

UConn Professor Arrested For Alleged Public Urination And Ripping Mirrors Off High-End Cars
(DBN)

Law firm reconfigures after name partner is charged with r---
(DBN)

Rutgers School of Law-Camden is fined $25K and censured for accrediting violations
(DBN)

Woman Loses Lotto Ticket, Finds Out It's Worth $47 Million
(DBN)

Restaurant ejects diner who insisted on wearing Google Glass
(DBN)

'Totally Out Of Control' Students Force Florida School Bus Driver To Pull Over And Call Police
(DBN)

This Is Hands Down The Dumbest Police Chase Ever
(DBN)

Cop Shoots Friend Over 'Wife-Swapping' Gone Awry
(DBN)

NYPD Arrests Man For Possession of Breath Mints
(DBN)

Lawyer dies "sandboarding"
(DBN)

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Judges:

D.C. Judge Reproached for 'Inappropriate' Comments
(DBN)

Judge admits violating ethics with remarks about 14-year-old rape victim, but argues against removal
(DBN)

Lawyer gets 20 years in judicial bribery case, is ordered to pay $12M restitution
(DBN)

Judge’s wife charged with attempted murder, accused of poisoning him with antifreeze
(DBN)

'Theft of 5 cents worth power' lands electric-car driver in jail
(DBN)

42 States Get An ‘F’ In Judicial Ethics Study
(DBN)

Judge criticized over work-hours Web posts on fantasy game message boards says he will scale back
(DBN)

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Wall Street:

U.S. stock futures little changed
(DBN)

World stocks down over fears of Fed stimulus cut
(DBN)

US close : Stocks fall as upbeat data sparks taper fears
(DBN)

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

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Layoffs:

Private sector creates 215,000 jobs in November vs. 173,000 estimate: ADP
(DBN)

Pentagon Downsizing Staff 20%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Catalyst In Pole Position to Buy Advantage Rent a Car
(DBN)

Court Approves Advantage Rent a Car's $36 Million Bankruptcy Loan
(DBN)

As Federal Exit Looms, GM's Stock Hits Multiyear Highs
(DBN)

Hayman Capital Said to Take Stake in GM as U.S. Exits
(DBN)

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Banking:

EU fines first US banks in rate rigging scandal --- Libor Bank Fines Reflect Rewards of Cooperating
(DBN)

JPMorgan Said to Snub Euribor Deal as EU Readies Bank Fines
(DBN)

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Soccer:

Western Premier League won't return in 2014
(DBN)

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Aviation:

Section 1110 Implications of Second Circuit AMR Make-Whole Ruling
(DBN)

Plaintiffs ask bankruptcy court to stop American Airlines-US Airways merger
(DBN)

Bankruptcy judge rejects late effort to halt American Airlines-US Airways merger
(DBN)

LaGuardia Flights on AMR Said to Go to Southwest, Virgin
(DBN)

New American's CEO Seeks to Beat Goal for $1 Billion Merger Gain
(DBN)

Some investors will reap big returns on American/US Airways merger
(DBN)

Qantas Issues Shock Profit Warning
(DBN)

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Fashion:

14 Things Every Woman Should Take Out Of Her Closet And Burn
(DBN)

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Retailing:

Is JC Penney Giving Away the Store? --- J.C. Penney Falls as Monthly Sales Gain Disappoints Some --- J.C. Penney Posts 10% Gain in November Sales on CEO's Promotions
(DBN)

Investors Flee Billionaire Eddie Lampert's Sears Bet --- Sears shares drop 8.8 percent as CEO Lampert drops stake below 50% to meet redemptions --- Lampert's Fund Gets Paid With … Sears Stock?
(DBN)

Sears is Doomed
(DBN)

Heavy Inventories Threaten to Squeeze Clothing Stores
(DBN)

This Explains Urban Outfitters' Sinking Sales
(DBN)

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Food/Beverage:

Initial bid submitted for SD beef facility
(DBN)

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Electricity:

Edison Mission Pegs Minimum Unsecured Creditor Payout at 57%
(DBN)

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Mirrors:

Winston-Salem mirror maker files for bankruptcy
(DBN)

____________

Tech:

Toshiba Confirms it Will Acquire Assets of OCZ Technology
(DBN)

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Awards:

Bayard Attorney Appointed To TMA NextGen Committee
(DBN)

____________

Lobbying:

ALEC facing funding crisis from donor exodus in wake of Trayvon Martin row
(DBN)

____________

Privacy:

JPMorgan Warns 465,000 Card Users That Their Personal Info May Have Been Accessed By Hackers
(DBN)

____________

Economy:

Private sector hiring strongest in a year --- Strong US jobs report keeps markets in check --- Small Businesses Lead November Job Gains
(DBN)

Fed Says Factories Supported 'Modest to Moderate' Growth
(DBN)

The Real Facts About Inequality --- Obama Urges Steps to Close Income Gap
(DBN)

Remember the Lower Middle Class? --- The Report - A Dozen Facts about America's Struggling Lower-Middle Class
(DBN)

Fed Beige Book: District by District Summary
(DBN)

CEOs grow more bullish on economy --- Expect to spend and hire more
(DBN)

Most U.S. workers unprepared to meet retirement expenses, survey says
(DBN)

Services Slowdown in U.S. Highlights Uneven Expansion
(DBN)

Trade Gap in U.S. Shrank in October on Record Exports
(DBN)

Have Republicans Reversed Their Position On The Sequester?
(DBN)

Marriage Is No Guarantee Of Income Security
(DBN)

Pope Francis understands economics better than most politicians
(DBN)

The Fiscal Cliff Deal Screwed Over The Poor
(DBN)

The Minimum Wage and the Laws of Economics
(DBN)

Almost Every Other Advanced Country Has Higher Relative Social Security Benefits Than The U.S.
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

New Home Sales Surge 25.4% In October
(DBN)

Summer New-Home Sales Look Worse After Revisions
(DBN)

Put September, October Together for Read on New Home Sales
(DBN)

Top US banks faulted on correcting foreclosure abuses
(DBN)

ResCap Noteholders Get $125 Million More to End Dispute
(DBN)

General Motors Company : ResCap Settlement Paves Way for Dec. 11 Plan Confirmation
(DBN)

Analysts impressed with turnaround in national CMBS delinquency rates
(DBN)

Montana SC rules mortgage registry is not a beneficiary
(DBN)

Local Idiot Tries To Adversely Possess Houses; Media and Owners Seem Confused --- Man Seizes Family's Home While They're Out of Town, Says He's Staying
(DBN)

FirstBank applies to quash Scrub bankruptcy
(DBN)

Residential association wins auction for One Bal Harbour
(DBN)

Elderly Woman Loses Home for Failing to Pay Homeowner Association Fees
(DBN)

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Municipalities:

In Detroit Ruling, Threats to Promises and Assumptions
(DBN)

As Boomers Retire, We'll All Be Detroiters Soon
(DBN)

For sale: Detroit's art collection? --- Christie's values Detroit-owned art at $452 mln to $866 mln --- Surprising DIA Estimate For City Art Boosts Chance Of Court Fight --- Creditors eye city's art, but museum vows a fight --- How NOT to sell Detroit's Art --- Spinning off DIA from city could save both art and Detroit pensions
(DBN)

Pension Threats in Illinois, Detroit Rattle Government Workers --- Detroit firefighter's widow wants Orr to remember the families --- Retirees Fear Losing Pensions In Bankrupt Detroit --- The Pension-Busters' Handbook
(DBN)

Attorney outlines what to expect as Detroit bankruptcy moves forward --- What happens now for bankrupt Detroit
(DBN)

Sen. Rand Paul outlines his recovery plan for Detroit
(DBN)

Why Detroit Needs Bankruptcy
(DBN)

Prof. Bruce On The Detroit Bankruptcy --- Pension Issues --- DIA
(DBN)

Detroit Bankruptcy Risks Pensions as Cuts Ruled Possible --- A Hard Lesson from Motown: They Will Steal Your Pension --- Detroit's lesson for unions: Ask for what's fair and sustainable --- Detroit’s Pension Ruling: Should Workers in Other Broke Cities be Scared? --- Detroit Retirees' Voices: 'A Bad Hit For A Lot Of People' --- Treating Pensions and Financial Institutions The Same Is Nonsense --- Detroit pension officials: Funds 'cannot be touched' in bankruptcy --- Stakes higher now for Detroit retirees
(DBN)

Detroit’s general pension system expects to file appeal of bankruptcy ruling --- Unions, retirees prepare for appeal after Detroit ruled eligible for bankruptcy --- Teachers’ Union Vows Appeal of Detroit Bankruptcy Ruling --- Objectors in Detroit bankruptcy ask to appeal directly to circuit court
(DBN)

Detroit Bankruptcy Ruling Good News For Muni Bonds, Insurers
(DBN)

How far will AG Schuette go to keep Detroit pension holders whole? --- Snyder must uphold state's constitutional protection of Detroit pensions
(DBN)

A cannon shot from Detroit
(DBN)

Why Detroit's Bankruptcy Ruling May Actually Be Bad for the City
(DBN)

A new normal for government retirees --- Detroit's bankruptcy shows even pensions aren't safe
(DBN)

Detroit's Bankruptcy: Bondholders, Pensioners and Art Lovers in the Same Boat
(DBN)

Bankrupt Detroit Pays for Arena?
(DBN)

Governor pleased EM law was upheld
(DBN)

What Michigan and Suburbanites Owe Detroit
(DBN)

How Detroit went bankrupt , and how it could rise again
(DBN)

Detroit's wounds self-inflicted
(DBN)

Detroit bankruptcy ruling: We've been here before
(DBN)

Bankruptcy : Any Role For Elected Officials?
(DBN)

National League of Cities Statement on U.S. Bankruptcy Court's Decision to Allow Detroit, Mich. to Proceed with Bankruptcy Filing
(DBN)

Stephen Henderson: Bankruptcy ruling is the start of help Detroit needs
(DBN)

Miller Canfield to file street lighting conflict of interest brief --- No conflict for Miller Canfield in Detroit bankruptcy case, lawyers tell court --- Asking the wrong question about Detroit's street lights
(DBN)

Could Detroit impact public pensions across the country?
(DBN)

Desert Hot Springs Fights Bankruptcy – Average City Employee Makes $144,329 Per Year
(DBN)

Jeffco Commission accuses attorneys of shakedown --- Did lawyers for sewer customers offer $6.25 million to walk away from Jefferson County bankruptcy case?
(DBN)

Judge’s Detroit Ruling Could Help Stockton Cut Pensions In Bankruptcy
(DBN)

Ill. pension fight could create deeper fiscal hole
(DBN)

Pension payouts killing US major cities
(DBN)

Government Pensions Under Fire Once Again --- Public workers outside Detroit face pension cuts
(DBN)

Muni Pension Drama Playing Out In Detroit, Illinois
(DBN)

Lesson from Detroit: Get ready for more muni mess --- Detroit Chapter 9 bankruptcy sends warning to other cities
(DBN)

Fitch: Detroit ruling won't spur flood of bankruptcies
(DBN)

Detroit's bankruptcy & the municipal bond market
(DBN)

CalPERS Counters Implications of Detroit Bankruptcy Ruling
(DBN)

Countdown to Mack corruption trial: 32 days, Mayor fails to pay city property taxes
(DBN)

The Most Attractive People In America Live In These 10 Cities
(DBN)

32 Things Every New Yorker Should Do This Winter
(DBN)

The States With The Most Hungry Children
(DBN)

The 20 Happiest Cities Discovered By Studying Instagram
(DBN)

Here Are The Four US States That Are Expected To Contract Over The Next Six Months
(DBN)

____________

Awards:

Kramer Levin’s Kenneth Eckstein Inducted to the American College of Bankruptcy
(DBN)

____________

Corporate Reform:

Attorney General Holder: Wall Street Should Brace For Another Round Of Lawsuits Next Year
(DBN)

US banks brace for tighter regulation
(DBN)

Volcker’s Passage May Presage Another Dodd-Frank Fight
(DBN)

____________

Tax:

As Dreaded U.S. Deadline Approaches, One Swiss Bank Ponders its Fate
(DBN)

____________

Personal Finance:

A Step-by-Step Guide to Getting Out of Debt
(DBN)

____________

Buses:

Drivers' 'no' vote signals the end for Atlantic Express
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 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 Statistics:

Bankruptcy Filings Through First Three Quarters Of 2013 Fall 13% From 2012, Commercial Filings Fall 23%
(DBN)

14 NH businesses file for bankruptcy in November
(DBN)

Buffalo: Bankruptcy filings in region decline 13 percent
(DBN)

Rochester: Bankruptcy filings decline in November
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Employment:

The Disinterested Creditor: Bankruptcy Court Authorizes Retention of Counsel Despite Prepetition Claim against the Debtor
(DBN)

____________

Jurisdiction:

Judges Lobbying the Supreme Court on Jurisdiction?
(DBN)

____________

Litigation:

Inside the Litigation Settlement Machine
(DBN)

____________

TBTF:

GM selling remaining Ally stake
(DBN)

Is BlackRock too big to fail?
(DBN)

FDIC Developing System to Help Wind Down Risky Financial Firms
(DBN)

____________

Cross-Border:

Update On Magyar Telecom Chapter 15 Case
(DBN)

____________

Tax:

A Disguised Sale
(DBN)

____________

Insurance:

Recent Decisions Limit Recovery From State Guaranty Funds
(DBN)

Detroit Bankruptcy Caps 'Banner Day' for Bond Insurers Ambac, MBIA, AGO
(DBN)

____________

Rail:

Montreal, Maine and Atlantic Railway could be sold this week
(DBN)

____________

Environmental:

What happens to environmental costs in a bankruptcy?
(DBN)

____________

Student Debt:

Student Debt Load Varies Greatly by College and Region
(DBN)

Student Debt Owed by Class of 2012 Borrowers Rises to $29400
(DBN)

Most College Kids Are Terrified of Their Student Debt
(DBN)

____________

Health Care:

2 Troubled New York Hospitals Consider Bankruptcy
(DBN)

Bankrupt Triad Group seeks to reorganize, resume production
(DBN)

Northstar Healthcare Leading Bidder for Surgery Centers in Bankruptcy Proceedings
(DBN)

Tighter fraud filter needed for Obamacare tax credits: IRS watchdog
(DBN)

HealthCare.gov enrollment totals 29,000 for Sunday and Monday
(DBN)

Remember all those Obamacare horror stories? Not looking so bad now
(DBN)

Study: States that reject Medicaid expansion lose money
(DBN)

28% of Uninsured Won't Buy Health Care
(DBN)

____________

Convenience Stores:

Getty Petroleum Creditors Sue Former Owners for $6 Million
(DBN)

____________

Fraud:

Madoff Cut Dead Client’s Payout With Fake Loss, Jury Told
(DBN)

They Might Be Talking About His Hair
(DBN)

____________

Politics:

Knowing, Deliberate Lies: "Detroit" Bankruptcy Edition --- The Washington Times Thinks Romney Has Been Redeemed By Detroit Bankruptcy
(DBN)

Elizabeth Warren pledges she won't run for president in 2016
(DBN)

Elizabeth Warren Just Invented Legislative Subtweeting
(DBN)

Elizabeth Warren, Liberals Hit Back Against Third Way After Economic Populist Attack
(DBN)

____________

Golf:

GWNE, Hilco Win Auction for Edwin Watts Golf Shops -- Source
(DBN)

____________

Religion:

Stockton: Painful fall to insolvency
(DBN)

What's Up With Pope Francis and His Pipe Thing?
(DBN)

____________

UK:

Insolvency law firms face an impending cashflow crisis, insolvency practitioner warns
(DBN)

Tesco results 'disappointing and poor' despite £1bn turnaround plan
(DBN)

UK's Blockbuster closes 62 stores, 427 jobs lost
(DBN)

Dark Secrets of British Hacking Trial
(DBN)

Britain's Economy Is Growing More Than Twice As Fast As Estimated In March
(DBN)

____________

EU:

European banks lean on hedge funds as recap gathers momentum
(DBN)

Eurozone Recovery Confirmed as Still Weak
(DBN)

____________

PIIGS:

IMF Lagarde says Spanish banks solid and healthy
(DBN)

____________

Canada:

Toronto to take over struggling Bixi bike-share program
(DBN)

____________

Germany:

KKR strikes deal to restructure German car repair chain ATU
(DBN)

____________

China:

Why China Does So Well On Global Education Surveys
(DBN)

____________

Australia:

Slip Rule Doesn't Fix Slip Up
(DBN)

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MENA:

Unified GCC regulations, bankruptcy protection laws key to helping regional SMEs prosper
(DBN)

____________

Iceland:

Iceland’s Debt Relief Plan; Horse-riding Protester Unimpressed
(DBN)

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Copyright 2013