January 17, 2013

The Daily Bankruptcy News

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Law:

Former Dewey partner may proceed with Citibank counterclaims
(DBN)

Bonus Watch: Orrick Charts A Steady Course
(DBN)

The Price Of A Harley Davidson Is Disbarment
(DBN)

WilmerHale, Bracewell & Giuliani, Bird: Business of Law
(DBN)

Why do women partners fare so much better at one-tier firms?
(DBN)

K&L Gates Adds Restructuring and Bankruptcy Partner
(DBN)

Once-merged law firms separate, citing conflicts
(DBN)

At Husch Blackwell, a Rebound in Revenue and Profits
(DBN)

Working From Home Can Be Less Than Idyllic
(DBN)

The Lapsed Lawyers Survey Results
(DBN)

Only one woman has made partner in 25 years at BigLaw firm’s Miami office
(DBN)

Practicing Lawyer With Sideline As A Rapper Releases New Single – Don't Quit Your Day Job?
(DBN)

Law School Transparency: Historic levels
(DBN)

Career Regrets—The Big Five
(DBN)

Stealth Lawyer: Diana St. Louis, Lingerie Designer
(DBN)

How the Legal System Failed Aaron Swartz--and Us
(DBN)

SNR Denton accounts reveal UK headcount drop of 10% in 2011-12
(DBN)

Salaries on the up for law firm support staff, research shows
(DBN)

Baker & McKenzie ups billable hours target
(DBN)

Good Documents, Delivery Improve Client Relations
(DBN)

7 Unusual Ways People Use Evernote
(DBN)

Police Shoot, Kill Man's Dog After Going To Wrong Home
(DBN)

Where Congress Stands on Guns
(DBN)

Nerf toy gun causes lockdown in Long Island
(DBN)

Attorney charged with aiding boyfriend's jail escape resigns from bar
(DBN)

Suspension For Marijuana Possession
(DBN)

Lawyer not liable for $80K put in client trust account—and stolen—by his secretary, judge rules
(DBN)

Two 6-Year-Olds Suspended For Using Imaginary Weapons
(DBN)

Man jailed for 23 years should be released: judge
(DBN)

Is it ‘pleaded’ or ‘pled’?
(DBN)

Bronx man gets year in jail for posing as attorney
(DBN)

Man run over, killed, when dog jumps into car, pushes accelerator
(DBN)

Say What?!
(DBN)

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Judges:

MS: Woodard takes oath as region's new federal bankruptcy judge
(DBN)

Bankruptcy Judge to Join Indiana Tech
(DBN)

For lawyer's anti-Catholic slurs against bankruptcy judge, longer suspension in order, panel says
(DBN)

‘Taking what?’ Scalia objection could mean loss for developer objecting to government ‘shakedown’
(DBN)

‘Slapdash’ Posner needs to be reined in by 7th Circuit, says law prof
(DBN)

Judge ripes DoJ's "Alice in Wonderland" lawyering
(DBN)

Media join fight against Delaware's 'secret' court hearings
(DBN)

Court Reporter Suppresses Giggles
(DBN)

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Wall Street:

Stock Futures Flat Ahead of Bank of America Earnings
(DBN)

Stocks Close Mixed
(DBN)

Goldman Sachs' earnings nearly tripled in fourth quarter, beating estimates
(DBN)

Defer madness: 3-year wait for Morgan Stanley cash bonuses
(DBN)

Comparing Wall St. Bonuses? There's an App for That
(DBN)

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Layoffs:

Fed's Beige Book: Fiscal Uncertainty Impacting Hiring
(DBN)

Jobs with the lowest (and highest)unemployment
(DBN)

The end of labor: How to protect workers from the rise of the robots
(DBN)

The Wages of Unemployment
(DBN)

Americans See Tough but Improving Job Market
(DBN)

Layoffs Watch: UBS
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

Highmark to buy Pittsburgh health system, cash to bondholders --- Highmark to Buy West Penn Allegheny Junk Debt at 12.5% Discount
(DBN)

There's Been A Paradigm Shift In US Healthcare Spending, And The Industry Is Not Happy
(DBN)

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Education:

Texas Methodist Foundation: Spare our endowments or stop the Lon Morris auction
(DBN)

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Health Care:

Pittsburgh health system in tentative deal to cut debt
(DBN)

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Turnarounds:

What Must Sears' New CEO Do To Turn Ship Around?
(DBN)

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Media:

Tribune Co. to drop some 'clawback lawsuits'
(DBN)

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Economy:

U.S. Industrial Production Rises 0.3% on Equipment Demand
(DBN)

US consumer prices unchanged in December
(DBN)

Factory, price data give hopeful signs for economy
(DBN)

Fed: Economy Picked Up at End of the Year
(DBN)

In Land of Lincoln, 1 in 3 Near Poverty
(DBN)

Should We Have to Work Until 70? These CEOs Say Yes
(DBN)

Consumer credit default rates rise for third straight month in December
(DBN)

Deep Presentation On What's Really Going On With The US Economy
(DBN)

Economy expanded in recent weeks, Fed reports
(DBN)

The US can't simply choose which bills after we hit the debt ceiling --- Republicans push alternative to default in debt-ceiling battle
(DBN)

A Brief History of U.S. Defaults
(DBN)

15 Frugal Billionaires Who Live Like Regular People
(DBN)

CEOs Call for Raising Retirement Age to 70
(DBN)

If You Thought The Trillion Dollar Coin Was Absurd, You Should See What The Fed Does Every Day
(DBN)

Conservatives to GOP: Don't Mess With the Debt Ceiling --- Even The Koch Brothers Are Turning Against The Republican Debt-Ceiling Crazies --- Why the GOP Is Backing Away From Business
(DBN)

Debt Ceiling Battle: Why No One Agrees on Anything
(DBN)

Low-Income Working Families: The Growing Economic Gap
(DBN)

For Fitch's Global Credit Ratings, It's Prognosis Negative
(DBN)

More Americans Raid Their 401(k)s to Pay Bills
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Goldman, Morgan Stanley cut $557 mln foreclosure deal --- Goldman Sachs Earnings Soar
(DBN)

CFPB launches national mortgage servicing rules
(DBN)

Foreclosure Activity to Rise in Some States in 2013: RealtyTrac
(DBN)

Florida tops on home defaults
(DBN)

ResCap Wins Approval to Try to Sell Defaulted Loans
(DBN)

Judge to rule on American West Development Inc.'s reorganization plan
(DBN)

Homebuilder confidence remains near 7-year high --- Home Builder Confidence Stalls
(DBN)

Dallas: Downtown Towers Scramble to Fill Amenity Vacancies After Operator Goes Bankrupt
(DBN)

The Latest Myth About the Government’s Mishandling of the Housing Market
(DBN)

2 lawyers among 11 federally indicted re massive alleged homeowner association corruption scheme
(DBN)

Recovery in U.S. Saving 8 Million Underwater Homeowners
(DBN)

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Municipalities:

Judge orders Detroit school board, emergency financial manager back to court | City of Detroit | Detroit Free Press
(DBN)

Moody's New Pension Rules Would Bankrupt Six Cal Counties
(DBN)

Benton Harbor's emergency manager calls his departure “bittersweet”
(DBN)

How California Came Back From The Brink
(DBN)

Nebraska governor latest to propose ending state income tax
(DBN)

Judge orders mediation in Central Falls receivership dispute
(DBN)

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Banking:

Jamie Dimon gets huge pay cut following London Whale loss --- 'Whale' Swallows Half of Dimon's Pay
(DBN)

JPMorgan Report on Trading Loss Takes Aim at Top Executives --- How does JP Morgan respond to a crisis?
(DBN)

Did the CIO have a Kodak moment? Like, literally?
(DBN)

Judge approves FDIC settlement sparing executives of failed BankUnited
(DBN)

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Debt Collection:

Appeals Court Rules Foreclosures are “Debt Collection” Under FDCPA
(DBN)

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Celebs:

How Lance Armstrong's Oprah Confession Could Lead to His Bankruptcy --- Legal Fallout of an Armstrong Confession --- Lance Armstrong's Long, Long Fall --- Lance Armstrong: Straight From The Horse’s Mouth
(DBN)

Die Hard director John McTiernan heading to prison
(DBN)

Real-life details of crime fiction writer’s high finances revealed at trial
(DBN)

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Golf:

Double Bogie: Bank's Security Interest in Green Fees Cut Off by Club's Bankruptcy
(DBN)

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Retailing:

Boise-based chain store Honk's $1.00 files for bankruptcy
(DBN)

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Autos:

U.S. Picks Citigroup, JPMorgan to Manage GM Shares Sale
(DBN)

Chrysler: We Hit Rock Bottom
(DBN)

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Brokers:

MF Global Creditors Undeterred by Low Value
(DBN)

87-month prison term sought for Iowa Ponzi schemer
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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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Miscellaneous:

Bill on Bankruptcy : MF Global Creditors Undeterred by Low Value
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Changing the Bankruptcy Code
(DBN)

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Arbitration:

Don’t Be a Ding Dong: Twinkie’s Cash Collateral Motion Is Not Arbitrable
(DBN)

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DIP Finance:

Wells Fargo Provides Financing in Handy Hardware Bankruptcy
(DBN)

J.P. Morgan to Arrange Bankruptcy-Exit Financing for Hawker
(DBN)

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Insurance:

Providing defense and indemnity does not foreclose bad faith claims against insurer
(DBN)

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Corporate Reform:

Defense lawyers balk as SEC makes play for hard drives
(DBN)

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Aviation:

AMR, parent of American Air, posts profit after year-ago loss --- Swings to Profit on Tax Benefit --- Big improvement after a full year in bankruptcy court --- Restructuring Curbs Costs
(DBN)

Pilots see details of what a US Airways-American Airlines merger holds for them
(DBN)

AMR's Horton extolls new American Airlines in letter
(DBN)

Q&A with AMR CFO Bella Goren
(DBN)

Horton hints at American Airlines rebranding ‘very soon’ --- Further evidence that American Airlines is about to change the color of its lipstick and rouge
(DBN)

Pinnacle Airlines path from Chapter 11 may run through Delta Air
(DBN)

Entire fleets of 787 Dreamliners grounded in Japan
(DBN)

US, Others Ground Boeing Dreamliner Indefinitely
(DBN)

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TBTF:

AIG Seeks Approval to File More Bank Suits
(DBN)

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Religion:

Milwaukee Archdiocese and creditors battle over cemetery funds
(DBN)

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Agriculture:

Grant farms owed $10 million in debt, put down 5000 chickens
(DBN)

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Distressed Investing:

Capula Adds Another Distressed Debt Expert
(DBN)

Hedge Funds Involved in the Edison Mission Case
(DBN)

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Corporate Governance:

How Officers and Directors of Financial Intermediaries Can Avoid Personal Liability in the Post-Dodd-Frank Market
(DBN)

Two Recent Corporate Decisions Reviewed by Delaware Corporate Law Professor
(DBN)

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Equipment Rental:

Ruling exposes Ahern Rentals to takeover by outsider
(DBN)

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UK:

Blockbuster UK files for bankruptcy protection, more than 4,000 jobs at risk --- Blockbuster Administration Pushes UK Closures to a Record
(DBN)

Blockbuster becomes latest U.K. retailer to go bust
(DBN)

R3 president and Neville Kahn to lead Blockbuster administration
(DBN)

MoFo wins instruction from creditors on HMV administration
(DBN)

Nipper the Dog Trademark Seen as Most Valuable HMV Asset
(DBN)

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PIIGS:

IMF OK’s 3.24 Billion Euros For Greece --- Greece Wants Germany to Pay for WWII --- Greek Shops Desperate for Customers --- Greece not out of woods, must stick to reforms: finance minister --- Stournaras Fears Unrest Could Undo Reforms
(DBN)

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Germany:

Germany asks banks for restructuring blueprint
(DBN)

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Cyprus:

Europe's Mounting Reluctance to Bail Out Cyprus
(DBN)

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MENA:

Creditors considering Amlak debt proposal
(DBN)

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