February 7, 2013

The Daily Bankruptcy News

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Law:

Citi: Firms Posted 4.3 Percent Rise in 2012 Profits
(DBN)

The legal industry got nuked by the financial crisis [CHART]
(DBN)

Denial and partner morale problems proliferate at law firms, report says
(DBN)

DLA Piper Literally Doesn’t Know What Countries Some Of Their Offices Are In
(DBN)

Pension fears over younger partners' ability to pay --- Law Firm Retirement Plans Get Fresh Attention
(DBN)

The ATL Interrogatories: 10 Questions with Peter Kalis of K&L Gates
(DBN)

Paralegal Jobs Are Vanishing According to New AP Analysis
(DBN)

FHFA to Congress: Quinn, Kasowitz better than Justice for bank cases
(DBN)

Locke Lord's Net Income Up by 7 Percent
(DBN)

White & Case Reaps Record Return on Investments
(DBN)

Holland & Knight reports 'healthy' 2012
(DBN)

O'Melveny's Profits Hit All-Time High
(DBN)

In First Year Post-Merger, Faegre Baker Daniels Sees Revenue Near $450 Million Mark
(DBN)

Hogan Lovells LLPs detail firm's flat performance amid tough market
(DBN)

Kay Bailey Hutchison joins Bracewell & Giuliani
(DBN)

Law firm releases report on litigation trends in 2013
(DBN)

Cheating and Suing to Get What You Want
(DBN)

Future Law School Applicants Tend To Have Bigger Egos Than Their Peers
(DBN)

Law School News—Optimistic and Smug
(DBN)

Zombie Law Schools
(DBN)

Law School Transparency: In the long run
(DBN)

Law schools told 'adapt to survive'
(DBN)

Really Weak Arguments For Going To Law School: The Small Law School Edition
(DBN)

Future law school applicants are wealthier, more self-confident
(DBN)

Student loans: The next housing bubble
(DBN)

Non-lawyer Investments in Law Firms: Jacoby & Myers could bring end to law as "special institution"
(DBN)

Practicing Law 2013: Zero sum game
(DBN)

Survey Results: Do Law Firms Feature Benefits of Non-Lawyer Staff on Their Websites?
(DBN)

Stealth Lawyer: Loni Edwards, Fashion Startup Founder
(DBN)

5 Tasks to Outsource When You Hit the Big Time
(DBN)

Ex-Grant Thornton partner charged with stealing $4 mln
(DBN)

Restructuring Firms Bulk in Asia
(DBN)

ABA ethics commission tackles issue of foreign lawyers
(DBN)

Greenberg's Hilarie Bass becomes one of highest-ranking women in Big Law
(DBN)

When Luddites Handle Cyber Security, You End Up With American Law Firms
(DBN)

Lawyer asked for s-- with client’s daughter, 13, in exchange for reduced legal fees, police say
(DBN)

Pol: Ortiz Abused Her Power
(DBN)

Bar probes 3 lawyers accused of setting up opposing counsel for mid-trial DUI arrest
(DBN)

A bar applicant is denied a law license for completing her sentences
(DBN)

Imaginary weapon gets 7-year-old a real school suspension
(DBN)

5 of the strangest lawsuits making headlines
(DBN)

Prominent Saudi Cleric Released After Paying “Blood Money” In The Alleged Beating Death Of His Five-Year-Old Daughter
(DBN)

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Judges:

Military Arrest in Doubt as U.S. Fights Rookie Judge
(DBN)

Laughing teen with jewelry ‘like Rick Ross’ gets 30 days for flipping off judge (see video)
(DBN)

Report Shows Judicial Vacancies Stretching Into the Thousands of Days
(DBN)

Proposed N.Y. court budget won't remedy cutbacks
(DBN)

Sotomayor Flip-Flops on Cameras in Supreme Court
(DBN)

Justice's Plans for Event Tied to Pepsi Stir Outcry by Yale Alumni
(DBN)

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Wall Street:

Stock index futures signal mixed open
(DBN)

Stocks Close Roughly Flat After Choppy Trading
(DBN)

So God Made a Banker
(DBN)

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Layoffs:

Home Depot announces plans to hire 80K for spring
(DBN)

The Best Companies For Women Who Want To Get Promoted Quickly
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Ponzi Scheme Victims and SLUSA: The Supreme Court to Decide What Claims Can Proceed
(DBN)

Massive Credit Card Ring Steals $200 Million: Feds
(DBN)

Did NCAA approve bankruptcy attorney expenses on Miami case?
(DBN)

Prosecutors zero in on SAC Capital insider Steinberg
(DBN)

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Municipalities:

Jefferson County Sued by Trustee for Its Sewage Bonds
(DBN)

Baltimore Could Be Bankrupt by 2023
(DBN)

Kentucky pension shortfall a potential bankruptcy bomb --- Ratings Agencies Downgrade on Kentucky's Pension Woe
(DBN)

Illinois at 'critical juncture' because of pension crisis
(DBN)

Jeannette fears bankruptcy over police contract ruling
(DBN)

Park Closings in Detroit: Emergency Manager Imminent
(DBN)

Bankruptcy judge lets Christine Beatty dump much of debt, but not restitution to Detroit
(DBN)

Stockton Can Settle Civil Lawsuit While Bankruptcy Is Pending, Judge Says
(DBN)

City Of Stockton: Bankruptcy Court Holds That Rule 9019 Does Not Apply To Chapter 9 Debtors
(DBN)

In dispute over receivership's end, Central Falls City Council and state each point fingers
(DBN)

The 10 Most Expensive Cities In The World
(DBN)

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Crime:

The intersection between criminal law and bankruptcy law: can filing for bankruptcy affect a criminal defendant's sentence?
(DBN)

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Coal:

Fitch: Market Conditions Point to Increased Bankruptcy Possibilities in U.S. Coal Sector
(DBN)

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Golf:

Cherry Hill's Woodcrest golf club has future up in the air, closing threatened
(DBN)

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Economy:

U.S. 30-Year Bond Losses Exceed 5% as Fed Inflation Gauge Rises
(DBN)

Chart: The Slow Decline of the Middle Class
(DBN)

The 80 Million People Who Will Save The American Economy
(DBN)

The Key to Recession and Recovery
(DBN)

Banks begin to loosen credit standards
(DBN)

US Gov't Sitting on $128T in Minerals
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate

Housing Recovery a Long Way from Normal
(DBN)

US: 2 Very Different Housing Markets
(DBN)

Mortgage Legal Descriptions: When Is A "Boo-Boo" Fatal (Round 1)?
(DBN)

Sales Pace Quickens for Troubled Assets
(DBN)

Lenders Lose in Rescission Appeal
(DBN)

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Mail:

Postal Service to stop delivering mail on Saturdays --- U.S. Reps. Gerry Connolly, Jim Moran Blast Post Office Decision to Suspend Saturday Service
(DBN)

The Post Office gets tough with Congress
(DBN)

Congress Has to Approve No Saturday Mail
(DBN)

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Banking:

RBS fined $612 million for rate rigging --- The Politics of the RBS Settlement --- Cavalier RBS traders move 'the entire fixing, hahaha'
(DBN)

RBS’s Seating Arrangements Deprived The World Of Untold Embarrassing IM Conversations
(DBN)

A How-To Guide for Banks Facing Libor Settlements
(DBN)

Which Depositors Should Suffer Losses When a Bank Fails?
(DBN)

FDIC sues directors over Orion Bank's collapse
(DBN)

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Pharma:

Cangene Wins Auction for Inspiration's Hemophilia Drug
(DBN)

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Alternative Energy:

Indiana Ethanol Plant Sale Approved
(DBN)

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Skiing:

Camelback surfaces as potential buyer for Sno
(DBN)

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Food/Beverage:s

USDA files PACA action against Superior Tomato-Avocado
(DBN)

Adams Produce Co. purchasing director faces federal fraud conspiracy charge --- Third Adams Produce Company Official Charged with Fraud
(DBN)

30 Million People Say These Are The Best Places In The US
(DBN)

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Tobacco:

Trustee: $10 million needed to resolve Renegade tax disputes ...
(DBN)

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Gambling:

Buyer sues DiamondJacks owner to get back deposit --- Chickasaws, DiamondJacks' owner file suits against one another
(DBN)

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Ratings Agencies:

Bernanke Warned of Risks From Flawed Credit Ratings
(DBN)

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Student Debt:

Cohen reintroduces bill to make it easier to discharge student loan debt in bankruptcy
(DBN)

Universities Suing Students Over Default Loans
(DBN)

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Debt Collection:

Oregon consumers gain big weapon against creditors
(DBN)

FTC Staff Releases First Debt Buying in Debt Collection Sector Report
(DBN)

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Celebs:

Martino on bankruptcy , arrogance and greed
(DBN)

Casey Anthony: Forum shopping alleged in bankruptcy filing --- Gonzalez lawyers want Casey Anthony bankruptcy moved to Orlando
(DBN)

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Health Care:

Hospital transition plans in the works
(DBN)

Michael Brown: Ex-hand surgeon accused of choking flight attendant on plane
(DBN)

EJ Noble Hospital Board Chair & Members Resign
(DBN)

Scripps moves into hospice care as another provider files bankruptcy
(DBN)

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Telecoms:

Alcatel Chief Is Out as Turnaround Stalls
(DBN)

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Resorts:

Judge to rule in Naples Bay Resort bankruptcy case
(DBN)

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Forest Products:

RusForest struggling to avoid insolvency
(DBN)

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Safety Products:

Cosalt facing insolvency
(DBN)

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Agriculture:

Zacky Farms buyer cries foul over sale of turkeys
(DBN)

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Autos:

Former General Motors CEO Whitacre talks about his time at the automaker in his new book
(DBN)

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Corporate Reform:

Why the nation's most famous free speech lawyer won't use the First Amendment to defend S&P
(DBN)

S&P hires John Keker for $5 bln lawsuit
(DBN)

High court stays out of Obama recess appointment issue
(DBN)

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Education:

School Specialty unsecured creditors committee, advisors selected, full list
(DBN)

Colleges May Help Banks to Rob Students
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Why a flood of bankruptcies are good for America
(DBN)

Wake bankruptcies down 28 percent
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Bill on Bankruptcy: Delaware to Continue Dominating Bankruptcy
(DBN)

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Bankruptcy Reform:

A New Chapter 11 Could Impair Creditor Rights
(DBN)

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Claims:

Bankruptcy Court Allows Full Damage Claim Without Reduction to Present Value
(DBN)

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Recent Pleadings:

Whistleblower Case Based On Bankruptcy Trustee Fraud Dismissed Because Whistleblowers Didn't Uncover The Fraud
(DBN)

Rothstein Plan Filed --- Disclosure Statement
(DBN)

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Insurance:

Agent Liability for Insurer Insolvency
(DBN)

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Oil/Gas:

Oil and gas "leases" and farmout agreements in bankruptcy proceedings
(DBN)

Failure seems to pay for ATP execs
(DBN)

Norse Energy Corp ASA: Norse Energy US Subsidiary Secures DIP Financing Commitment
(DBN)

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Corporate Governance:

Delaware, New York judges clash over control of merger cases
(DBN)

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Aviation:

Airways near merger deal --- New Air Giant Takes Shape
(DBN)

What an American-US Airways Deal Would Mean for Fliers
(DBN)

Things You Can't Do on a Plane: Vol. 29
(DBN)

Kingfisher woes could hit funding for other Indian airlines
(DBN)

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Consultants:

Restructuring advisory firm FTI Consulting hires Von Keitz in Europe
(DBN)

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Consumer Finance:

The High Cost of Making High Cost Payday Loans
(DBN)

Younger generation borrowing more, repaying more slowly
(DBN)

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Education:

Growing Doubts About For-Profit Public School Management
(DBN)

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Mass Torts:

BP Objects to $34bn Spill Claims from States
(DBN)

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Sovereigns:

Agencies project lower bankruptcy filings
(DBN)

Argentina Bonds , Stocks Slump as Investors Take Profits
(DBN)

Argentina's YPF sued in U.S. over nationalization
(DBN)

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UK:

IPs need tougher sanctions in pre-packs, says BIS --- Pre-pack administrations called into question by MPs
(DBN)

Report finds Insolvency Service lacks resources
(DBN)

DWF on verge of Cobbetts purchase as KPMG confirms administration role
(DBN)

39 jobs lost as Insolvency Service closes Stockton office
(DBN)

Scottish Insolvency Statistics 2013
(DBN)

Payday Loans Being Used By Poorest Scots To Become Bankrupt
(DBN)

Guildhall Chambers stands by insolvency silk charged with conspiracy to defraud
(DBN)

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EU:

EU Says G-20 Debt Restructuring Talks Could Roil Markets
(DBN)

Draghi Counts Cost of Euro's Salvation as Currency Rebound Bites
(DBN)

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PIIGS:

Seat PG files request with court for debt restructuring
(DBN)

Sordid financial love triangle at the heart of Anglo debt problem
(DBN)

Bankruptcies in Spain rise
(DBN)

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Canada:

Vancouver-based publisher Douglas & McIntyre to continue operating after sale
(DBN)

Pensions need better bankruptcy protection
(DBN)

Lenders dealt blow in Supreme Court's pension decision
(DBN)

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Germany:

German factory orders increase in December
(DBN)

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France:

Hollande Discovers Schroeder With U-Turn on Car Sector Cuts
(DBN)

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Argentina:

Argentina may lose access to $3.2 billion of emergency aid
(DBN)

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Netherlands:

SNS Investors Challenge Dutch-Ordered Wipeout at Highest Court
(DBN)

Dutch Parliament Wants to Claw Back Bonuses Paid to SNS Board
(DBN)

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Offshore:

Offshore Round-Up - Insolvency and Restructuring January 2013 →
(DBN)

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