February 28, 2013

The Daily Bankruptcy News

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Law:

Dewey & LeBoeuf Approved to Liquidate Remaining Assets --- Dewey Have A Confirmed Chapter 11 Plan? Yes We Do! --- Judge OKs liquidation plan in Dewey & LeBoeuf's bankruptcy case --- Former partner says Citibank hid Dewey's financial state
(DBN)

Consultant: More Big Law Firms Will "Implode"
(DBN)

An Arm and a Leg? - Firms have quietly increased paid-in partner capital levels in a quest to lessen their reliance on bank debt
(DBN)

Stealth Lawyer: Dawn Porter, Filmmaker
(DBN)

Clifford Chance, Linklaters, Dewey, Orrick: Business of Law
(DBN)
w

Reed Smith, Fulbright, Sheppard Mullin: Business of Law
(DBN)

Davis Polk Represents Lehman Brothers International Europe in Multibillion-Dollar Settlement with Lehman Brothers Inc.
(DBN)

Cahill reports record figures for 2012, including $3.555M profit per partner
(DBN)

Why clients fear alternative fee arrangements --- AFAs Trending Down in U.S. and U.K.
(DBN)

Abe Lincoln's six lessons for general counsel
(DBN)

Greenberg, Former Shareholder Agree to Send Gender Bias Dispute to Arbitration
(DBN)

Sequester Means Loss of 9,195 Legal Jobs

Ex-Nixon Peabody Partner Convicted For Role in Ponzi Scheme Sees California Law License Suspended
(DBN)

Honoree Sues Law School for Podium Tumble
(DBN)

Law School Transparency: Goodbye is too good a word
(DBN)

Bar Exam Horror Stories: Losing Power > Losing Bladder Control
(DBN)

Explore the Data Behind the Go-To Law Schools
(DBN)

Three Steps to Follow in Finding Your Niche and Leaving Your Mark
(DBN)

Web Glitch Snarls Law School Applications as Deadline Looms
(DBN)

Partner fends off armed, would-be carjacker
(DBN)

Reed Smith’s Houston office nabs a dozen partners from Texas firms including Fulbright, Baker Botts, Sutherland, Jackson Walker, and Haynes and Boone
(DBN)

Oscar Pistorius' Girlfriend Didn't Set Out To Stay At His House The Night He Killed Her
(DBN)

Claim: Zimmerman wears disguise, body armor in public
(DBN)

Student Threatened with Suspension for Wearing Marines T-shirt with Rifles on it
(DBN)

Couple faces felony rap for trying to sneak into movie
(DBN)

Dog shoots man
(DBN)

Lawyer’s indictment delays client’s murder trial
(DBN)

Stranger’s lost diamond ring leads to criminal charge for lawyer who found it
(DBN)

Cops: Florida Man, 36, Assaulted Relative With Burrito
(DBN)

The NYPD Is Considering A Program That Exchanges Guns For Beyoncé Tickets
(DBN)

The Supreme Court's Decision On Government Spying Is A 'Classic Catch-22'
(DBN)

Corporations urge US Supreme Court to embrace gay marriage
(DBN)

Say What?!
(DBN)

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Judges:

Chief Justice John Roberts Asks The DOJ If It Thinks Southerners Are Racist --- Voting Rights Act Q&A --- Conservative Justices Voice Skepticism About Key Voting Rights Act Provision --- The Supreme Court Is On The Verge Of Letting States Rig Elections? --- Justice Scalia: The Voting Rights Act Is A 'Racial Entitlement' --- Just How Drunk With Power Has Justice Scalia Become? --- Here's Who Gets Screwed If The Supreme Court Kills The Voting Rights Act
(DBN)

Liberal Telecommuting Policy OK'd for Court Bureaucrats in California
(DBN)

Avast Ye Maties! Kozinski Benchslap Ho!
(DBN)

Alito and Sotomayor engage in a little cross-Hudson humor
(DBN)

Maybe She Thinks It's A Part-Time Job?
(DBN)

ABA tells judges to 'tweet,''friend' and 'like' with caution
(DBN)

Why Clarence Thomas Still Hasn't Asked A Question In Seven Years
(DBN)

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Wall Street:

Stock futures up slightly after goods data
(DBN)

Stocks Close Higher As Dow Nears All-Time Record
(DBN)

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Layoffs:

Bernanke: 6% Unemployment Rate Still 3 Years Away
(DBN)

JPMorgan Chase to Cut 17,000 Jobs --- Jamie Dimon Downplays JP Morgan's 17,000 Upcoming Job Cuts
(DBN)

HP Has 15,000 More People To Lay Off But Isn't Happy When Some Of Them Quit
(DBN)

Katzenberg: DreamWorks Animation's 350 Layoffs 'Very, Very Difficult'
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Labor:

Why home workers don't make the C-suite --- Yahoo's New Policy Exposes The Great WAH Workplace Divide --- Telecommuting Experiment: My Day Working From Home --- Mayer v Branson: The Work From Home War --- What Companies Risk When They Ban Employees From Working At Home
(DBN)

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Banking:

Credit Suisse to overhaul flawed US$12b bonus structure
(DBN)

FDIC: Improving Trend Gains Ground, "Problem Institutions" Persist
(DBN)

Dimon: Banks Have More Capital Than They Can Use
(DBN)

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Hollywood:

Ruling On Trustee's Motions Opens Door to Recovering Millions From David Bergstein Movie Companies
(DBN)

More Than 400 'Life of Pi' Visual Effects Artists Protested The Oscars
(DBN)

DreamWorks slips to loss
(DBN)

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Brokers:

Aurelius Jumps Into JPMorgan-MF Global Fight
(DBN)

J.P. Morgan Says Hedge Funds Using 'Pocket Veto' to Halt MF Global Suit | Fox Business
(DBN)

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Ethanol:

Legal fight over South Bend's ethanol plant
(DBN)

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Coal:

Involuntary bankruptcy case against Trinity Coal filed
(DBN)

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Tech:

Conexant Files for Chapter 11 Bankruptcy Protection
(DBN)

Elpida Wins Tokyo Court Approval for $2.2 Billion Sale to Micron
(DBN)

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Economy:

Bernanke to Congress: Don't Let Sequester Take Place --- Bernanke Blew Two Big Holes In The Sequester Debate --- Bernanke: The sequester could make it harder to reduce the deficit --- FAA says can't avoid air traffic controller furloughs --- These Maps Show How The Sequester Is Going To Devastate America --- Maps Show How Schools Are Going To Get Slammed By Sequestration
(DBN)

US durable goods orders fall in January --- Goods Orders in U.S. Probably Dropped as Aircraft Demand Slumped --- Business spending boosts durable goods orders --- Machinery Orders Gain Shows US Companies Plan to Grow
(DBN)

PIMCO's Gross warns of lower returns on corporate bonds
(DBN)

Deloitte Is Making An 18,000-Person Bet On The US Recovery
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Pending home sales rise in January
(DBN)

Shiller: The Last Time Home Prices Rose Like They Are Now, They Soon Fizzled
(DBN)

Short sale approvals before default on the rise
(DBN)

Builders Find Investors Eager to Finance Housing Growth
(DBN)

Developer Swanson wants bankruptcy dropped for $74M Palm Beach mansion
(DBN)

Judge tosses mortgage ' robosigning ' case in Vegas --- Massive 'robo-signing' prosecution dismissed for prosecutorial misconduct
(DBN)

Foreclosure Debt Can Stay With You the Rest Of Your Life
(DBN)

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Corporate Reform:

US high court limits SEC authority to seek penalties
(DBN)

Supreme Court unanimously orders SEC off its duff
(DBN)

SEC probes Milken, Guggenheim Partners
(DBN)

CFPB Constitutionality: Plaintiffs Pile On
(DBN)

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Food/Beverage:

Wonder Bread Has Been Saved! --- $360 million
(DBN)

Bakers union files objection to Hostess sale, seeks jobs pledge
(DBN)

Vodka producer CEDC warns of bankruptcy
(DBN)

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Health Care:

First Community Village pulled from bankruptcy
(DBN)

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Newspapers:

Tribune Co.: 'There is a lot of interest in our newspapers'
(DBN)

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Celebs:

Michael Brown: Whoops -- I Didn't Really Mean to File for Bankruptcy After Buying That $8 Million Mansion!
(DBN)

Pippa Middleton Gets New Gig As Brother James' Bakery Business Goes Into Debt
(DBN)

Teller Silenced In Court By Elusive Defendant
(DBN)

Lawyer says Lohan committed to turning life around
(DBN)

Michael Jordan Bought This Foreclosed Lakefront Home For $2.8 Million
(DBN)

22 Celebrity Mug Shots
(DBN)

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Alternative Energy:

How Can First Solar Survive?
(DBN)

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Municipalities:

New SBS Report Asks 'Is Bankruptcy Right For Local Government?'
(DBN)

Stockton, Ambac Cap Payments on $21.6 Million in Debt
(DBN)

Stockton: City pay causes alarm
(DBN)

Stockton business recruiter resigns
(DBN)

San Bernardino: New city manager has past in Pass
(DBN)

U.S. judge won't reconsider dismissal of Harrisburg leaders' lawsuit against Act 47 plan
(DBN)

Oddly, Detroit politicians don't want an emergency manager
(DBN)

Detroit Mayor Dave Bing's letter to history
(DBN)

Mayoral candidate Lisa Howze says Detroit's debt is manageable
(DBN)

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Health Care:

Seniors Catching STDs at Record Rates
(DBN)

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Fraud:

Bernie Madoff Ponzi Scheme Victims Win $43 Million In Settlement
(DBN)

Some Foreign Investors Left Behind in Madoff Feeder Fund Class Action
(DBN)

Federal judge Altonaga recuses herself from Osorio case
(DBN)

RRA trustee wants TD Bank in charge of Rothstein victims' recovery
(DBN)

TD Bank paid $41 million to settle Emess investors suit
(DBN)

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Student Debt:

Schumer says other families harassed to pay loans of deceased college students --- To propose 'Andrew's Law' requiring banks to forgive college loans of deceased students
(DBN)

You Might Want To Think Twice About Suing Your Student Loan Company
(DBN)

The Grad Student's Guide To Surviving After Your Parents Cut You Off
(DBN)

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Aviation:

APA president: We’re probably 24 to 30 months away from combining pilot seniority lists of American Airlines, US Airways
(DBN)

American Airlines drops below 60,000 employees for the first time since 1987
(DBN)

American Airlines-US Airways hearing: Written testimony from APA, APFA leaders --- Comments of American Airlines general counsel Gary Kennedy --- Unhappy comments of Rep. Steve Cohen --- Comments of Judiciary Committee chairman Bob Goodlatte --- Comments of Rep. John Conyers Jr., D-Michigan
(DBN)

Things You Can't Do on a Plane: Vol. 30
(DBN)

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Retailing:

J.C. Penney 4Q Earnings: Company Posts Huge Loss --- Same-Store Sales Tank 32%
(DBN)

JCPenney Is Being 'Eaten Alive' By Its Turnaround Strategy
(DBN)

Retail M&A Activity Will Continue to Rebound in 2013
(DBN)

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Personal Finance:

Five Ways Rich People Live Frugally
(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 (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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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Arbitration:

Bankruptcy and Arbitration: Like Oil and Vinegar?
(DBN)

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Automatic Stay:

Court Affirms Retroactive Relief From Stay For Creditor Without Notice of Bankruptcy
(DBN)

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Plan Confirmation:

Small Businesses Can't Use Insider to Skirt Absolute Priority Rule During Reorganization
(DBN)

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Cross-Border:

The Fifth Circuit's Vitro Decision on Cross Border Insolvencies: A Game Changer?
(DBN)

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Recent Pleadings:

UST Pushes Back Against Law Firm Professionals' Efforts To Obtain Blanket Exemption From Disclosures Regarding Other Professionals Hired By Law Firms
(DBN)

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Litigation:

US Supreme Court rules against Amgen in class action, makes class actions easier
(DBN)

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TBTF:

Lawmakers Grill Treasury on ResCap Executive Pay
(DBN)

GM paid $11.1 million to CEO Akerson in 2012-source
(DBN)

Bernanke's Credibility on Too Big to Fail
(DBN)

______________

Horse Racing:

Indianapolis Downs completes asset sale to Centaur
(DBN)

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Mass Torts:

BP Profit Push ‘Root Cause’ of Gulf Spill, Witness Says
(DBN)

BP drilled doomed U.S. well despite early problems - expert
(DBN)

BP accepts role in spill at trial, aims to spread blame
(DBN)

______________

Corporate Governance:

Delaware Chancery Court: A Sweeping Vision of Outside Directors' Foreign Operations Oversight Responsibilities?
(DBN)

______________

Equipment Rental:

Ahern makes bid to bring company out of bankruptcy
(DBN)

______________

Textbooks:

Apax's Cengage Said Poised to Pick Alvarez for Restructuring
(DBN)

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Sovereigns:

After Argentine Bonds Hearing, Will the Second Circuit Act as a Sovereign Bankruptcy Court?
(DBN)

Argentina's Bond Case Is Being Closely Watched for Ramifications
(DBN)

Final Arguments In The Battle Between Argentina And Hedge Fund Billionaire Paul Singer
(DBN)

Argentina has capacity to pay holdouts - investors' lawyer
(DBN)

Argentina Tells U.S. Court TKTK --- Shove your order!
(DBN)

Why Argentina Will Default In 2013
(DBN)

Argentina stands by refusal to pay holdouts-US hearing
(DBN)

Q&A: Argentina's NY Court Showdown on Default Debt
(DBN)

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UK:

Private sector suppliers of "essential" IT services and utilities must continue to support insolvent businesses, says Government
(DBN)

FSA Arrests Three in London Insider-Trading Investigation
(DBN)

Begbies Traynor Group trading in line with expectations
(DBN)

Insolvency market "challenging" despite retail woes says Traynor
(DBN)

Locke Lord hired as restructurer tees Republic up for sale
(DBN)

Multiple retailers' store closures average 20 a day in 2012, finds PwC and LDC
(DBN)

Preston firm completes MBO after entering administration
(DBN)

Turner leaves AlixPartners for Ernst & Young
(DBN)

______________

EU:

European Recovery Path in Danger as Politics Menace Growth
(DBN)

EU clinches deal to cap bankers' bonuses
(DBN)

______________

PIIGS:

Spain in stand-off with Europe over Bankia valuation --- Bankia ready for turnaround after record 2012 loss --- Spain's bad bank raises 14.1 bn euros
(DBN)

______________

Canada:

Shipyard woes affect other operations
(DBN)

______________

France:

French firm in horsemeat scandal seeks bankruptcy
(DBN)

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Australia:

Australia Corporate Bond Risk Rises, Credit-Default Swaps Show
(DBN)

______________

China:

Wenzhou City Assigns 100 Judges to Resolve Bad Loans
(DBN)

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