January 22, 2013

The Daily Bankruptcy News

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Law:

A Lack Of Communication At Two Biglaw Firms Made Lawyers Completely Freak Out About Their Salaries
(DBN)

Howrey Trustee Plans New Approach to Settle Unfinished Business Claims
(DBN)

Job Growth In Legal Services Lagged Behind National Rate In 2012
(DBN)

Morrison, Paul Hastings, Jones Day: Business of Law
(DBN)

Debevoise, Goodwin Procter, Norton Rose: Business of Law
(DBN)

Heller Estate and Greenberg Agree to Mediate Malpractice Claims
(DBN)

Jones Day expands Business Restructuring & Reorganization Practice With New Partner
(DBN)

How Bryan Cave Translates Firm Financial Data Into Stories
(DBN)

Law firm websites: Now with video!
(DBN)

Brown Rudnick Selected to Represent the Official Committee of Unsecured Creditors in New England Compounding Center Case
(DBN)

How Is the Coffee Here? What Associates Should Look For When Selecting a Firm
(DBN)

How to Deal With Increasing Demands at Work and Home
(DBN)

Making the Most Out of the Lows: Lessons Learned from Taking a Loss
(DBN)

Law Firms, Agencies Trickle Back to Offices in Lower Manhattan
(DBN)

Law firm failure: Avoiding the risks
(DBN)

Bankruptcy judge penalizes McKool Smith P.C. firm financially for overbilling Lon Morris College
(DBN)

Ceiling breaker
(DBN)

Get Fit to Practice Law: 7 Exercise Trends to Try in 2013
(DBN)

The First Step in Leaving Law Behind — It’s the Money, Stupid
(DBN)

Funny Man Partner Now Spreads Joy With Reply-All Responses To Spam
(DBN)

How to Give Great Mock Interviews? Be a Jerk!
(DBN)

GC's: We Want Firms To Be Proactive (and Free?)
(DBN)

How Technology Can be Used to Find Lost Time
(DBN)

The Biglaw Flowchart That Tells You When You Can Leave The Office
(DBN)

New York Bar Considers A Change That Could Revolutionize Law Schools
(DBN)

Reducing law school to 2 years would just add to lawyer glut, says law prof
(DBN)

How Corporate Procurement is Impacting Outside Counsel Selection
(DBN)

Federal prosecutor defends actions after Internet activist suicide
(DBN)

Womble Carlyle is sued by EEOC over alleged 75-pound lifting requirement
(DBN)

The FBI doesn’t require reference checks, except for lawyer applicants
(DBN)

Five rules of the insolvency game
(DBN)

Law School Transparency: Further research confirms sky blue --- Forecast --- What's American U's strategy? --- Seriously?
(DBN)

Supreme Court will hear law firms' appeals in Allen Stanford case
(DBN)

Parents 'tried to exorcise daughter, 10'
(DBN)

Cars Damaged In Drive-By Fruit Throwing Attack In NYC Suburb
(DBN)

5-year old girl labeled 'terrorist'
(DBN)

Fired Allen & Overy Lawyer-Turned-S-- Novelist Tells Of New Life in 2 Room Cabin Rented By The Night On Her Credit Card
(DBN)

Lifetime's Casey Anthony Movie Made The Prosecutor Look Like An Idiot
(DBN)

Lawyers google jurors to find out their likes, jobs and interests then tailor courtroom speeches to help win trials
(DBN)

Father Kills Wife, Himself at Daughter's Sweet 16 Birthday Party
(DBN)

Services for s--
(DBN)

Cops: Two Strippers Cited for Brawling Over $1 Bill
(DBN)

2 Lemurs Run Loose In Miami Beach, Launch Themselves At Police, Attack Toddler
(DBN)

Man who raped daughter for 10 years gets suspended sentence
(DBN)

Woman Sues Match.com for Match from Hell
(DBN)

Say What?!
(DBN)

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Judges:

Benchslap Update: Skadden Partners Learn Their Fates
(DBN)

The Supreme Court in President Obama’s Second Term
(DBN)

Got a 25-cent gambling dispute? A hearing officer stands ready to resolve it
(DBN)

Testimony: Lawyers promised then-judge big bucks to ‘make sure things came out OK’
(DBN)

Chief Bankruptcy Judge Jennemann signs order to study unifying court procedures
(DBN)

At Long Last, Justice for State Judge
(DBN)

Why Supreme Court Justices Wear Those Weird Hats
(DBN)

Contempt trifecta: Client and attorney are no-shows, shouting protester taken into custody
(DBN)

Judge Hathaway retires amid fraud case
(DBN)

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Wall Street:

US Stock -Index Futures Fluctuate Before J&J Earnings
(DBN)

U.S. Stocks Close at Five-Year High
(DBN)

Citigroup Said to Cut Investment Bankers’ Bonuses by 20%
(DBN)

IMF's Lagarde Still Gunning for Wall Street
(DBN)

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Layoffs:

Impact of Baby Boomers Working Past 65
(DBN)

Cargill Beef Firing 2,000
(DBN)

Prudential survey: Employers, employees less optimistic about financial future
(DBN)

Why Robots Are Worse for the Economy Than You Think
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Steel:

RG Steel creditors seek to sue for breach of duties --- Want Rennert to pay over $238 million
(DBN)

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Hollywood:

Florida wants to reclaim $20 million from Digital Domain
(DBN)

West Palm Beach wants input in digital arts decision
(DBN)

Scott wants $20M back from South Florida company
(DBN)

______________

Electricity:

Southern, Yellowstone Valley Electric Co-op strike a deal
(DBN)

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Agriculture:

Zacky bankruptcy bidder plans to avoid layoffs
(DBN)

Zacky Farms, LLC to Sell Its Assets to the Lillian Zacky Family Trust
(DBN)

Grant to face creditors over bankrupt organic farm
(DBN)

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Fashion:

Betsey Johnson On Her Line: 'I Realized That It Couldn't Last'
(DBN)

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Banking:

Finance, banking the least-trusted industries, survey finds --- The State of Trust
(DBN)

Legal expenses drag down Citigroup 4Q earnings
(DBN)

Levin Report on JPMorgan Whale Said to Fault Regulator
(DBN)

How to Cut Megabanks Down to Size
(DBN)

1st Regents Bank, Andover, MN, Closed By Regulators
(DBN)

Barclays Workers’ Push for Libor Case Anonymity Rejected
(DBN)

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Economy:

Fed Was Clueless on Eve of Meltdown
(DBN)

Preparing for the unthinkable: Could markets handle a US default? --- Last debt ceiling debate indicates more economic hurt likely as another fight looms --- Difficult Choices on Debt if the US Hits the Ceiling --- GOP Rep. Mulvaney: 'No risk of default ' on debt --- GOP Agrees to 3 Month Debt Ceiling Increase
(DBN)

First Term: Americans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers
(DBN)

Obama Vows Aggressive Agenda
(DBN)

Goldman Sachs: QE will last through 2014
(DBN)

Consumer confidence sinks again in January
(DBN)

Bailout Recipients: Profits and Losses
(DBN)

Geithner May Have Revealed Rate Cut to Banks
(DBN)

Buffett: US debt on its own 'not a problem'
(DBN)

The Ranking Of Best Countries To Be Born In Has Changed A Lot In 25 Years
(DBN)

Glimmer of hope in US debt talks buoys markets
(DBN)

Davos 2013: western economies are not for us, say developing nations
(DBN)

$7.66 Trillion Of Stimulus In America From 2008 To 2012, Itemized
(DBN)

To Live Like A Middle Class Citizen In NYC, You Have To Make At Least $80,000
(DBN)

Inequality Is Holding Back the Recovery
(DBN)

Financial Collapse: A 10-Step Recovery Plan
(DBN)

World Needs $57T in New Infrastructure
(DBN)

World Unemployment to Hit Record High in 2013: ILO
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing recovery to occur in fits and starts
(DBN)

The Year Everyone Was Wrong (Again)About Home Prices
(DBN)

HSBC Agrees To $249M Foreclosure Settlement
(DBN)

Lawsuits filed by former East Mesa land development partners
(DBN)

HI: Isle mortgage broker facing court hearing on bankruptcy
(DBN)

New restructuring officer named for One Bal Harbour
(DBN)

Paper edited by Sheila Bair focuses on fixing housing
(DBN)

12 States Where Homeowners Are Deep Underwater
(DBN)

New Paper Says Housing IS The Business Cycle
(DBN)

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Food/Beverage:

Hostess union hires investment bank --- Union hires Gordian
(DBN)

Chicken adopters grab wrong birds
(DBN)

______________

Municipalities:

The Risks of Doing Business with an Insolvent Municipality
(DBN)

The Automatic Stay and Chapter 9
(DBN)

State Pension Funds Underfunded By Over $16B
(DBN)

There's what pensions promise; then there's what they can pay
(DBN)

San Bernardino police, fire unions enter mediation
(DBN)

Why Illinois is Going Bankrupt
(DBN)

RI: The Most Debt-ridden Cities and Towns
(DBN)

Michigan Supreme Court rejects emergency manager law challenge
(DBN)

Court: Detroit schools' emergency chief can stay
(DBN)

Benton Harbor’s new emergency manager will work in “dog years” to hand over local control
(DBN)

Flint's deficit climbs to $19 million; emergency financial manager says budget 'on track'
(DBN)

Municipal Insolvency and Proposition 13
(DBN)

______________

Coal:

Meeting addresses Patriot Coal issue
(DBN)

Thousands of Miners' Benefits In Jeopardy
(DBN)

______________

Travel:

Discovery Tours Bankruptcy Case Dismissed
(DBN)

______________

Celebs:

Phil Mickelson Unhappy About Taxes, Talks About Leaving California
(DBN)

Grossest Thing Ever Sold Because of Bankruptcy?
(DBN)

______________

Aviation:

AMR Wins U.S. Court Approval for $1.5 Billion Financing
(DBN)

Consultant thinks AA rebranding ‘completely unnecessary,’ ‘professionally irresponsible’
(DBN)

Horton talks about rebranding and a possible merger
(DBN)

Cancellations escalate as Dreamliner remains grounded --- Why 787 Dreamliner Battery Woes Are the Tip of Boeing's Iceberg
(DBN)

Quick fix for Dreamliner looks less likely, experts say --- 787 Dreamliner a Nightmare About to Happen
(DBN)

Forced Bankruptcy A Possibility For Mallya's Kingfisher Airlines
(DBN)

______________

Video Games:

Atari US Files Bankruptcy
(DBN)

The Game Plan Behind Atari's U.S. Bankruptcy Filing
(DBN)

_____________

Telecoms:

LightSquared seeks more time to control its own bankruptcy
(DBN)

______________

Energy:

Dynegy Preparing to Refinance $1.36 Billion of its Debt by March
(DBN)

______________

History:

When U.S. Farmers Fought Foreclosures
(DBN)

______________

Lockers:

Locker Manufacturer to Offer All Assets for Sale as a Going-Concern
(DBN)

______________

Health Care:

Owners drew $16m from pharmacy tied to deaths
(DBN)

______________

Dairy:

Golden Guernsey's bankruptcy filing lists hundreds of creditors
(DBN)

______________

Retailing:

Idaho Based Honks $1.00 shutting Down Stores
(DBN)

______________

Politics:

Making Washington Work: Bring Back Earmarks?
(DBN)

______________

Awards:

M&A Advisor Announces Turnaround Award Finalists
(DBN)

2012 'LTN' Innovation Awards
(DBN)

______________

Credit Cards:

Younger Americans more likely to die with credit card debt
(DBN)

______________

Brokers:

FCStone fights $15.6 million ruling in Sentinel bankruptcy
(DBN)

______________

Fraud:

Supreme Court Grants Cert in Stanford Ponzi Scheme Cases to Consider SLUSA Preclusion --- US Supreme Court takes up huge Ponzi scheme case
(DBN)

Rothstein Exposé
(DBN)

Prison Bound Madoff's Brother at Granddaughter's Bat Mitzvah
(DBN)

Barclays sued over role in German 'mini Madoff' fraud
(DBN)

Caterpillar writes off most of China deal after fraud
(DBN)

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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 (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (165 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:

Middle District bankruptcies fall to lowest rate since 2008
(DBN)

Bankruptcy filings drop in Massachusetts in 2012
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Lexicology:

Stripping Down Bankruptcy Jargon
(DBN)

______________

Bankruptcy Bonuses:

Judge Approves Most ResCap Annual Bonuses, But Not All
(DBN)

______________

Claims:

Administrative Priority for Post-Petition, Pre-Rejection Lease Indemnification Obligations
(DBN)

______________

Safe Harbors:

Navigating The 546(e)Safe Harbor Provision
(DBN)

______________

Unexpired Leases:

Section 365(h)– Rejecting a Lease When the Debtor Is the Landlord
(DBN)

______________

Avoidance Actions:

Section 502(d)Does Not Bar Preference Action After Allowance of Creditor's Claim
(DBN)

______________

Recent Pleadings:

UST Weighs In On Dewey Professional Fees --- JPMorgan Too - No Over-Budget Fees --- Committee: "Concerns with the amount of fees that are accruing"
(DBN)

______________

Litigation:

Is predictive coding better than human document review? Maybe so, new case suggests
(DBN)

Rule 34 and TIFF Productions in the Clouds
(DBN)

A chance to stop judicial forum shopping - Fixing Justice Marshall's diversity "mistake"?
(DBN)

______________

Finance:

California Supreme Court Broadens Borrower Fraud Defense to Written Loan Agreements
(DBN)

______________

Insurance:

Bankruptcy Court Exercises Jurisdiction Over Trustee’s Adversary Proceeding Against Insurer
(DBN)

______________

Consultants:

When the smartest guys in the room go bankrupt
(DBN)

MorrisAnderson Promotes Amin to Managing Director
(DBN)

______________

Television:

Judge approves $1.5 million sale of Roberts TV station in Mississippi
(DBN)

______________

Livestock:

Cargill Wins Bid to Acquire Two Mills from Pennfield
(DBN)

______________

Turnarounds:

Selling Distressed Businesses, Part 3:KeyTake-Aways For Sellers
(DBN)

______________

Education:

For-loss education: How investors, lenders stand to lose everything in ATI Enterprises
(DBN)

Test-Prep Company Education Holdings Files for Bankruptcy
(DBN)

______________

Sovereigns:

An Argentine Parallel
(DBN)

Investors flee Argentine debt on default fears
(DBN)

BofA Rejects Euro Haven Before Default Ruling
(DBN)

______________

UK:

Record Labels Could Lose $240M From HMV Bankruptcy
(DBN)

Fee-fi-fo-fum - FT and others get a taste for zombie blood: New Year Resolutions for Zombie Companies
(DBN)

Scot Young: Bankrupt divorcee jailed for 'hiding' his millions reveals plans for ultimate revenge
(DBN)

Blackburn directors disqualified for failure to pay tax
(DBN)

'wrong and dangerous' to rely on ECB
(DBN)

Taxman’s winding-up orders up 57%
(DBN)

Deloitte administrators to close 129 Blockbuster stores
(DBN)

Hilco frontrunner for HMV, music and film industry keen -reports
(DBN)

HMV administrators u-turn on gift card stance
(DBN)

Could a university be the next HMV?
(DBN)

Debate illustrates schism on avoidance
(DBN)

Manchester fashion label falls into administration
(DBN)

Positive future expected after pre-pack hotel sale
(DBN)

Insolvency cases pick up for Wilson Field
(DBN)

Pre-pack saves 350 jobs at New Life Cleaning Systems
(DBN)

Asian Buyers Snap Up Half of New London Homes
(DBN)

______________

EU:

Europe’s Recession Is Still Dragging Down House Prices In Most European Markets
(DBN)

No respite for euro zone in long rebalancing slog
(DBN)

______________

PIIGS:

The Most Positive Thing About Greece In Years --- Greece's blowout sale --- Number of jobseekers in Greece rises close to 800,000 --- New pay cuts trigger transport strikes in Greece, protesters defy court order to resume work
(DBN)

Spain Beats Bills Sale Target as Markets Await New 10-Year Bond
(DBN)

EU set for financial transaction tax
(DBN)

______________

Canada:

Nortel mediation talks extended into next week
(DBN)

______________

Germany:

German Investor Confidence Increases to 2 1/2-Year High
(DBN)

______________

Cyprus:

How to liquidate a Cyprus insolvent company
(DBN)

______________

Australia:

How the wheels fell off Hastie
(DBN)

Directors and Officers Insurance when the company is in liquidation – What happened in Bridgecorp?
(DBN)

______________

MENA:

Hopes renewed for UAE bankruptcy law by quarter’s end
(DBN)

______________

Jamaica:

Fitch Lowers Jamaica Outlook as Central Bank Reserves Shrink
(DBN)

______________

Japan:

Japan Finance Minister: Old People Should Just Hurry Up and Die
(DBN)

______________

South Africa:

US bankruptcy law gets SA recognition
(DBN)

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