February 21, 2013

The Daily Bankruptcy News

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Law:

Restructuring Pros Hold Out Hope for 2013 --- Weil Restructuring Outlook Survey 2013 Results: “Above All, Don’t Lose Hope”
(DBN)

Dewey Advisers Fight to Keep Bankruptcy on Course as DiCarmine, Others Subpoenaed to Testify
(DBN)

Lawyer Can't Believe How Much His Colleagues Are In Denial About The Crisis
(DBN)

Simpson Thacher, Skadden, Kirkland: Business of Law
(DBN)

10 Questions with Theodore Boutrous of Gibson Dunn & Crutcher
(DBN)

Crowell & Moring Shows Strong Financial Gains in 2012
(DBN)

At $2.08 Million, Paul Hastings Hits New High in Profits
(DBN)

At Sidley, Profits Pop Amid Solid Gains in Revenue
(DBN)

Pepper Hamilton Grows Revenue by 9.2 Percent
(DBN)

Law Firm Partner Allegedly Threatened to Whip Secretary for Being a ‘Bad Girl’
(DBN)

Weil leads as Reader's Digest publisher files for bankruptcy again
(DBN)

Greenberg Glusker Adds Bankruptcy Attorney Courtney Pozmantier
(DBN)

Prosecutor: There Was 'Non-Stop Fighting' In Pistorius House For An Hour Before Shooting --- Case Against Oscar Pistorius Unravels
(DBN)

Claimed bank loan for $540K Dewey capital payment a ‘fabrication,’ says ex-partner in suit
(DBN)

Six Big Myths About Lawyers
(DBN)

Are lawyers more miserable than general population?
(DBN)

At this law firm, even the runner and receptionist must have a college degree
(DBN)

Why We Still Ask Whether Women Can Have it All
(DBN)

Stealth Lawyers: Steven Abt & Moiz Ali, Craft Spirits Curators
(DBN)

Lawyer iPhone and iPad stories
(DBN)

Harlem Shake Reaches The Legal Profession – But Which Lawyers Will Be First To Embrace Craze‏?
(DBN)

Eight ‘Golden Rules’ of Successful Transition to Equity Partner
(DBN)

Did ‘troubled’ appeals court err by nixing suit over New York Law School job stats?
(DBN)

Law School Transparency: Straight out of Scarsdale --- Live at the Improv --- Choo choo
(DBN)

Law school head arrested for itching powder attack
(DBN)

If College Is The New High School, Is Law School The New Liberal Arts College?
(DBN)

Recent Graduate Returns To Campus, Causes A Scene, Is Reportedly Taken Away In Handcuffs
(DBN)

Two-thirds of "Rate My Professors" data that National Jurist used was inaccurate, magazine now admits
(DBN)

ReInvent Law! How Technology and New Business Models Are Affecting Legal Practice
(DBN)

Court Rejects $14 Million Fee For Lawyers, $3 Million For Their Clients
(DBN)

DC neighborhood has so many men in jail, women can't find mates
(DBN)

Jury hears law office tape, is told attorney Paul Bergrin talked of witness hits, making $1M weekly
(DBN)

Law Firm Can't Pin BBB for False Advertising
(DBN)

Radio-Host Lawyer Responsible for Mishandled $2.3M, Judge Rules
(DBN)

Fla. Supreme Court cracks down on lawyers' out-of-court innuendo
(DBN)

Do Not Mess With This Woman's Remote!
(DBN)

Satan Finally Reveals Himself As A Legal Employer
(DBN)

Divorce attorney who helped client break into spouse’s home loses law license for 2 years
(DBN)

‘Disrespectful’ lawyer held in contempt after calling judge’s bond ruling ‘ridiculous’
(DBN)

Daniel Zettler, Public Defender, Busted for Telling Arrestee to Remember His Rights
(DBN)

Say What?!
(DBN)

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Judges:

Why Clarence Thomas Writes His Opinions In Plain English
(DBN)

U.S. Bankruptcy Court Judge Sets Parameters for Recusal In Bankruptcy Action
(DBN)

Can A Judge Befriend A Lawyer On Facebook? It’s Complicated.
(DBN)

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Wall Street:

Stock index futures signal lower start
(DBN)

Wall Street slides as Fed minutes spark concern
(DBN)

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Layoffs:

BAE warns 1,368 workers of possible layoffs
(DBN)

Panetta: 800K workers likely to be furloughed
(DBN)

How robots are eating the world's manufacturing jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

The Epic Downfall Of The Casino That Was Supposed To Save Atlantic City
(DBN)

Christie Lets Atlantic City Bet Ride as Revel Reorganizes
(DBN)

Revel still will save Atlantic City, Christie says
(DBN)

Financial Expert Weighs In On Revel Financial Problems
(DBN)

Revel's bankrupt , and why it never really had a chance
(DBN)

Poll: Why aren't more people visiting Revel in Atlantic City?
(DBN)

To succeed, Revel must think like a casino, not a resort
(DBN)

MGM Resorts 4Q loss widens; customer spending dips
(DBN)

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Aviation:

Power struggle: There's room for only 1 CEO at new AA
(DBN)

Boeing readies short-term battery fix, facing uncertainty --- As parked 787s multiply, Boeing cash drain worries grow
(DBN)

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M&A:

This New Trend Has Me Worried
(DBN)

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Corporate Reform:

Elizabeth Warren vows to keep heat on regulators
(DBN)

Consumer Financial Agency Chief Lays Out 2013 Agenda
(DBN)

Eight states officially join lawsuit against Dodd-Frank - Challenge Orderly Liquidation Authority provisions - Claim violation of Constitution's Bankruptcy Clause
(DBN)

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Banking:

U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk
(DBN)

Corker to FDIC End Favoritism for Creditors in Large Banks
(DBN)

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Hollywood:

The Global Forces Behind Rhythm & Hues' Bankruptcy
(DBN)

'Seventh Son': Rhythm & Hues Seeks Judge's Approval of $5M to Finish Jeff Bridges Film
(DBN)

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Photography:

Kodak , Sony Pictures End Motion Picture Contract
(DBN)

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Health Care:

Care New England and Financially Distressed Memorial Hospital of Rhode Island File Affiliation Documents
(DBN)

Patient transfer from SD Hospice to Scripps to proceed quickly
(DBN)

Non-Profit CCRC Hit by Recession Filing for Chapter 11 Bankruptcy
(DBN)

WindsorMeade will reorganize under Chapter 11
(DBN)

Survey: Less Than One Third of Pre-Med Students Plan to Go Into Primary Care
(DBN)

Is it time for public adjusters for patients?
(DBN)

Why Medical Bills Are Killing Us
(DBN)

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Economy:

Fed doubtful on open-ended QE3 policy --- Fed Meeting Shows Dissent on Measures to Lift Job Growth
(DBN)

The Saddest, Most Pathetic Part Of The Sequester --- The Sequester: Absolutely everything you could possibly need to know, in one FAQ --- Separating Sequestration Facts from Fiction --- Cost of Sequestration: 700,000 Jobs Lost --- Flaw In John Boehner's Attempt To Pin The Sequester On Obama --- Sequester’s Dirty Secret: It Doesn’t Fix the Debt
(DBN)

In Defense of Simpson & Bowles: They Wanted Higher Taxes Than Anyone in DC
(DBN)

Homebuilding takes a breather, wholesale prices up
(DBN)

Several on FOMC Said Fed Should Be Ready to Vary QE Pace
(DBN)

An American capitalist-running-dog vs. the lazy French
(DBN)

Drill, Baby, Drill: And Gas Prices Still Rise
(DBN)

Wealthy Not Recovered, but Better Than Us
(DBN)

A Wealthy Nation That Can't Afford to Retire
(DBN)

Big banks are lending the smallest portion of their deposits in 5 years
(DBN)

Five Reasons Boomers Are Getting Buried By Debt
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US housing starts dip but remain at solid pace --- Housing starts slump as apartment building slows --- Work begins on most US single-family homes in four years
(DBN)

Homebuilder confidence declines in February
(DBN)

ResCap Seeks to Block AIG, Other Mortgage Investors Over Bankruptcy Claims --- Sues AIG, Allstate Over Bankruptcy Repayment Priority
(DBN)

Dealing with a Rambo-type foreclosure litigator
(DBN)

National mortgage default rates decreased in January
(DBN)

U.S. Bank one of few private banks to participate in Oregon’s foreclosure mediation process
(DBN)

Zombie foreclosures: Borrowers hit with debts that won't die
(DBN)

Developer Rohrig's companies file for Chapter 11
(DBN)

WindsorMeade Defaults on Bond Payments, Plans to File for Chapter 11
(DBN)

Will Rising Home Prices Spur Relocations?
(DBN)

Inside the mortgage companies freaking out the Fed
(DBN)

Lehman to sell its majority stake in 425 Park Avenue
(DBN)

____________

Retailing:

Office Depot, OfficeMax to merge
(DBN)

The Death of Retail: The Economics of the (Doomed)Office Depot/OfficeMax Merger
(DBN)

Thomson Reuters at Fault in Office Depot's Early Deal Release
(DBN)

Market prepared to absorb commercial real estate space in wake of Office Depot-Office Max merger
(DBN)

Wal-Mart Sales Slump May Signal U.S. Consumer Spending to Cool
(DBN)

Wal-Mart's suppliers could be hit by payroll tax and gas prices
(DBN)

______________

Bonds:

Citi: There's A Crisis Lurking In The Bond Market
(DBN)

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Municipalities:

Detroit City Council reacts to review that recommended a emergency financial manager for city --- City Council member says data is 'nothing new'
(DBN)

Finances in Disarray --- What is Next for the City of Detroit?
(DBN)

Detroit on the edge of collapse --- Bing fires back at review team report of Detroit's debt crisis --- “Not Surprised” --- Dave Bing: Actually, we do have a plan to restructure Detroit --- 7 Key Things To Know About Detroit's Financial 'Emergency'
(DBN)

State wouldn't seek more Detroit pay cuts under emergency manager, treasurer says
(DBN)

Experts split on Detroit's fiscal recovery options
(DBN)

Attention Detroit bondholders: How about a haircut?
(DBN)

Dillon: 'No One's Suffering More Than The Residents Of The City'
(DBN)

Come Heller high water: When it comes to an emergency manager, Detroit should learn from Flint's experience
(DBN)

New casino bankrupt : There goes Atlantic City?
(DBN)

Federal bankruptcy judge a second time tells Jefferson County sewer customer group to re-file lawsuit
(DBN)

Two-week layoff notice to go into effect for Jeannette municipal employees
(DBN)

Five States Will Feel The Job-Killing Effects Of Sequestration Harder Than Any Others
(DBN)

______________

Fraud:

Senator Lautenberg Suit Against Peter Madoff Barred Again --- Lautenberg charity, others lose bid to revive Madoff claims
(DBN)

FBI Searching for Man Who Lost People's Life Savings
(DBN)

Conrad Black loses bid to void guilty verdict
(DBN)

From National Lampoon To Prison Cell
(DBN)

Emails detail close relationship between NCAA, Shapiro's attorney
(DBN)

Armstrong Is Richest Cheater: $218 Million for 'One Big Lie'
(DBN)

Madoff Says He Doesn't Need 'Credit' for Helping Victims
(DBN)

______________

Brokers:

Futures regulator to consider banning Corzine for life: report
(DBN)

______________

Magazines:

Rise and fall of Reader's Digest
(DBN)

Reader's Digest parent says court conditionally approves financing after Chapter 11 filing --- $105M DIP --- Operations Continue Without Interruption
(DBN)

______________

Golf:

Richmond: Local golf club files for bankruptcy
(DBN)

______________

Politics:

Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks?
(DBN)

Sirota: Warren not interested in ‘Hillary Clinton model’ of sitting down and shutting up
(DBN)

Will the Real Sen. Warren Please Stand Up?
(DBN)

______________

Credit Reporting:

“The Creditor Was Always Right”
(DBN)

______________

Lehman:

Lehman Settles Dispute With Aozora Bank for $470 Million
(DBN)

______________

Telecoms:

Pre-Petition Security License in Proceeds of FCC License Continues Post-Petition
(DBN)

______________

Finance:

Loan 'Participant' that Bears No Risk is Neither a ýParticipantý nor a Creditor
(DBN)

______________

Coal:

Creditors trying to force Frasure Creek Mining into bankruptcy
(DBN)

______________

Religion:

Cardinal Timothy Dolan gives deposition in Milwaukee archdiocesan bankruptcy
(DBN)

______________

Autos:

Bidder From China Leads in Fisker Acquisition Talks
(DBN)

Tesla posts revenue of $306 million, larger-than-expected loss
(DBN)

Big payout expected for Ford CEO Alan Mulally upon retirement
(DBN)

______________

Pharma:

Sale of Inspiration’s hemophilia candidate to Celgene complete
(DBN)

______________

Electricity:

Electricity providers gamed California a decade ago, judge rules
(DBN)

______________

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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

7th Circuit Remands Bankruptcy Plan
(DBN)

Determining Whether a Chapter 11 Plan Is Unconfirmable Without a Confirmation Hearing
(DBN)

'Fair and Equitable' Means More Than Amortization Schedule
(DBN)

Secured Creditor Does Not Participate in Bankruptcy Case, Court Allows Lien to Pass Through Plan Confirmation
(DBN)

Separation of Claims Solely on the Basis of Personal Guaranty Not Permitted
(DBN)

Discrimination in Classification of Claims Okay, So Long as Not Unfair Discrimination
(DBN)

______________

Unexpired Leases:

Bankruptcy Court Mistakenly Makes Rejection of Lease Retroactive
(DBN)

______________

Adequate Protection:

Court Adopts 'Addition Theory' in Applying Unnecessary Adequate Protection Payments
(DBN)

______________

Exemptions:

US Supreme Court denies trustee's cert petition seeking to auction disabled man's home
(DBN)

______________

Recent Pleadings:

McGuire Woods Says No Client Relationship With Debtor In Malpractice Case Based On: "First-of-a-kind, implied, duty of loyalty to warn debtor about a third partyýs alleged plan to monetize its assets"
(DBN)

______________

Mass Torts:

Bankruptcy court denies motion for summary judgment by firm at center of asbestos fraud case
(DBN)

$20M in frozen assets for NECC owners
(DBN)

Recently Revealed Files Lead To Abuse Lawsuits Against Boy Scouts
(DBN)

Battle Lines Drawn for BP's Day in Court
(DBN)

______________

TBTF:

Too big to fail equals too big to take to trial, or punish, or effectively control
(DBN)

______________

Book Reviews:

Mr. Barofsky Goes to Washington (and Doesn't Like What He Finds)
(DBN)

'Bailout': Neil Barofsky's Adventures in Groupthink City
(DBN)

______________

Lawn and Garden:

Creditors file involuntary bankruptcy against Commerce Corp.
(DBN)

______________

Consultants:

Huron Consulting Group Adds Restructuring and Turnaround Expert
(DBN)

Linscott, Anderson to Lead Huron Financial Consulting Restructuring and Turnaround Practice
(DBN)

______________

Food/Beverage:

Hostess workers eligible for federal aid
(DBN)

Bissett Produce files for Chapter 11 bankruptcy
(DBN)

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Personal Finance:

Tips To Make Your Groceries Last Longer
(DBN)

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Mail:

Desperate Postal Service tries to find its "cool" factor
(DBN)

______________

Celebs:

The Mass of Contradictions that Define "Bad Boys" in Sports, Art, Life, and the Law
(DBN)

Britney Spears Is Kind Of Dating A Lawyer…
(DBN)

______________

Corporate Governance:

Chesapeake probe finds no "intentional" CEO misconduct
(DBN)

______________

Debt Collection:

Family outraged after debt collector threatens dead woman
(DBN)

______________

Accounting:

KPMG partner profits down more than £100k
(DBN)

______________

Education:

No College Degree, No Job...Even for File Clerks
(DBN)

______________

UK:

Bank of England governor outvoted in bid to launch fresh QE boost
(DBN)

Britain’s General Healthcare In Talks to Restructure $3B Debt
(DBN)

Taxman reaches deal with Isle of Man
(DBN)

Taxman takes £340m payment from Swiss
(DBN)

250-year old historic UK carpet maker Axminster calls in administrators
(DBN)

HMV to close 37 more stores --- HMV job losses hit 1,600
(DBN)

______________

EU:

Doubts loom over eurozone recovery
(DBN)

______________

PIIGS:

Miss Spain goes bust --- Spain to take 65 percent stake in Banco Mare Nostrum --- Spain Just Issued a Warning: the System is Blowing Up Again
(DBN)

Fresh unrest erupts at Greek anti-austerity protests
(DBN)

Greece's weakened workforce starts to crack --- Credit Agricole loses 6.5 bln euros in 2012 on writedowns, Greece
(DBN)

ie: Court may examine €1.3m work done by insolvency specialist
(DBN)

______________

Canada:

Insolvency - Annual 2012 Case Update
(DBN)

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Germany:

German central bank recovers most Lehman losses
(DBN)

______________

France:

U.S. CEO Blasts French Work Habits
(DBN)

______________

Australia:

Company failures hit record high
(DBN)

______________

Cyprus:

S&P sees "substantial and rising risk" of default for Cyprus --- 'Material' risk of default
(DBN)

______________

MENA:

Qatar buys up distressed assets in a bid to reduce oil dependence
(DBN)

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