January 28, 2013

The Daily Bankruptcy News

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Law:

Judge OKs Dewey & LeBoeuf plan to shred old client files
(DBN)

Who’s Up, Who’s Down in Partner Pay
(DBN)

Bonus Watch: Mixed Emotions at Latham & Watkins
(DBN)

Bonus Watch: Goodwin Procter
(DBN)

Layoffs Rattle British Law Firms—Will U.S. Firms Be Next?
(DBN)

Bipolar Lawyer
(DBN)

Reed Smith can implead other law firms in defense of malpractice suit, appeals court says
(DBN)

Dismissal of Bias Suit Against Akin Gump Upheld
(DBN)

What is really behind these lawsuits against law firms allegedly about family leave
(DBN)

UK: Crunch boom
(DBN)

Hot 100: Adam Gallagher, Freshfields --- Ashley Katz, Mayer Brown --- Nick Moser, Taylor Wessing --- Pushpinder Saini QC, Blackstone Chambers --- Rita Lowe, CMS
(DBN)

Legal Sector Layoffs: Schumpeter casts pall in Europe
(DBN)

Insurer eyes law firm takeover
(DBN)

Why You Don’t Want To Be The General Counsel
(DBN)

Finding Tomorrow’s [In-house] Lawyers
(DBN)

Law Firm Seeks Government Relief for Its Underfunded Pension Plan
(DBN)

Here's A Really Unpopular Way To Fix The Legal Jobs Market
(DBN)

Obama's Recess Appointments Were A Big Constitutional No-No, Court Says --- NLRB and CFPB: Recess Appointments
(DBN)

Quote of the Day: In Plain View
(DBN)

Law School: Two Years to What?
(DBN)

Law School Transparency: To: Professor Lawrence M. Solan
(DBN)

An Open Letter To The Bosses Of Young Lawyers
(DBN)

Discipline For Law School Deans?
(DBN)

Avoiding law school in droves --- Law School Applications for 2013: Down 20% from 2012
(DBN)

Law Schools May Close if 2-Year Program Adopted
(DBN)

Anatomy Of A Law School Collapse
(DBN)

Florida Space Coast School of Law?
(DBN)

16 Apps For Your iPhone That Are Better Than The Ones Apple Made
(DBN)

Receptionist Accidentally Forwards X-Rated Email Exchange To Entire Office
(DBN)

Man threatens Liberty Bell
(DBN)

Detroit's ex-mayor back in jail
(DBN)

15 Long Island Rail Road Employees Arrested For Copper Wire Theft
(DBN)

93-Year-Old Man Kills Wife Of 70 Years Because 'He Couldn't Take It Anymore'
(DBN)

JonBenet Ramsey grand jury voted to indict parents in 1999, but DA refused to prosecute
(DBN)

Chicago Man Boots His Own Car To Guard Against Thieves
(DBN)

Businessman hospitalized after teen girls attack him on subway
(DBN)

Innocent Man Spent 37 Years In Jail Due To A Galling Technicality
(DBN)

Father Buys AK-47 To Avoid Gun Control And Then Allegedly Uses It To Terrorize Daughter Into Studying Harder
(DBN)

Man With 4th Amendment Written on Chest Wins Trial Over Airport Arrest
(DBN)

Swartz didn't face prison until feds took over case, report says
(DBN)

Man arrested, charged, indicted, tried, convicted, and sentenced to death — all in less than seven hours
(DBN)

Desperate Letter Details Suicide Victim's Struggle With 'Neighbors From Hell'
(DBN)

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Judges:

John Roberts bankrupts law students
(DBN)

Lawyer: Justice Orie Melvin worked too hard to be corrupt political operative
(DBN)

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Wall Street:

US Stock Futures Little Changed Before Durable Goods
(DBN)

US Stocks Rise; S&P 500 Sees First Close Above 1500 Since 2007
(DBN)

Shiller: Stock Prices Priced for Crappy Returns
(DBN)

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Layoffs:

Pentagon Laying Off 46,000 Temps
(DBN)

The jobs numbers have been terrific lately. Can we believe them?
(DBN)

Job Numbers: Are They Believable?
(DBN)

The Surprising Career Where Women Are More Satisfied Than Men
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Hostess says near deal to sell Drake's cake unit
(DBN)

Twinkies may not be dead
(DBN)

Which Companies Should Buy Hostess' Parts
(DBN)

Bankrupt Hostess to hold February auction
(DBN)

McKee Foods, Maker of Little Debbie Cakes, to Bid on Hostess's Drake's
(DBN)

Hostess wins permission to sell bread assets, Beefsteak brand
(DBN)

Stir Crazy restaurant chain files for bankruptcy
(DBN)

Zacky trust drops offer to acquire company
(DBN)

______________

Bankruptcy Crimes:

Sewickley Heights Man Pleads Guilty to Bankruptcy Fraud
(DBN)

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Aviation:

US Air, AMR merger deal could come in next 2 weeks - sources
(DBN)

US Airways finds a tailwind
(DBN)

Mitchell Schnurman: American Airlines' facelift seems skin-deep
(DBN)

American Airlines employees to get rebranded, too!
(DBN)

American Eagle union leader blasts American Airlines for sending flying to Republic Airlines
(DBN)

Some details of the USAPA memo of understanding
(DBN)

Hawker says key creditors have approved reorganization plan
(DBN)

MIT Professor: Battery Fix Could Ground 787 Until 2014 --- Boeing Risks $5 Billion in Revenue on 787 Probe's Outcome --- From Dreamliners to burnt toast
(DBN)

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Mail:

USPS raises price of stamps
(DBN)

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Politics:

Congress Has Already Disappointed Elizabeth Warren
(DBN)

______________

Accounting:

The privilege of privilege: What the UK Supreme Court ruling means
(DBN)

______________

Electricity:

Hit the bankruptcy switch at LIPA
(DBN)

______________

Economy:

Financial Crisis Wiping out 401K Plans for Millions
(DBN)

Morgan Stanley: 'The Odds Favor A Government Shutdown'
(DBN)

Ryan Says Balanced Budget Needs Spending Cuts, Not More Revenue --- Paul Ryan: 'The Sequester Is Going To Happen'
(DBN)

The Surest Sign Yet That The US Deficit Wars Are Coming To An End
(DBN)

The Middle Class Really is Falling Behind
(DBN)

AEI: Middle Class Never Had It Better
(DBN)

The Bubble According to Todd
(DBN)

How Realistic is a Balanced Budget in 10 Years
(DBN)

The End of Social Security, Medicare as We Know It
(DBN)

Grading Tim Geithner
(DBN)

AIG’s “Backdoor” Bailout of Goldman Sachs et al
(DBN)

The World's Elites Declare The Global Economic Crisis To Be Over --- World Economic Forum Ends With Stark Warning Over Global Economy
(DBN)

What It's Like To Be At Davos If You're Nouriel Roubini
(DBN)

Davos: Are the CEOs Finally Paying Attention?
(DBN)

Where The World's Commodities Come From
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank of America Takes Florida Man to Court for Squatting in $2.5 Million Mansion
(DBN)

Fannie Adds Bailout For Underwaters Walkaways
(DBN)

Robosigning law has unintended consequences, Nevada Realtors say
(DBN)

Reason for home loss plays role in eligibility for new mortgage
(DBN)

Breakwater Equity Partners Files Contempt-of-Court Motion Against LNR
(DBN)

Brokedown Palaces: Mega Mansions That Have Faced Foreclosure And Bankruptcy
(DBN)

____________

Municipalities:

Illinois credit rating worst in the nation after downgrade
(DBN)

Jefferson County tells bankruptcy judge that process it used to set sewer rates was fair
(DBN)

Jefferson County's exit from bankruptcy could hinge on success of New York talks
(DBN)

Movement possible in Jefferson Co. bankruptcy
(DBN)

Public school music teacher who only worked one year full time, has collected $1 million for 13 years in rubber room
(DBN)

Report: 60% Of Detroit Children In Poverty
(DBN)

New Jersey Sandy Victims Have One Choice: Build Higher Homes Or Pay Up
(DBN)

______________

Personal Finance:

7 Signs You're Living Beyond Your Means
(DBN)

______________

Retailing:

Here's The Problem With Ron Johnson's Vision For JCPenney Right Now
(DBN)

______________

Agriculture:

Next steps: Grant Family Farms bankruptcy
(DBN)

Pittman Family Farms of Sanger set to buy Zacky
(DBN)

______________

Fraud:

Credit Suisse could owe $2 bln in National Century fraud-judge
(DBN)

Lautenberg charity, other Madoff investors try to revive claims
(DBN)

Denny Hecker trustee fails in lawsuit over car dealer's Medina house
(DBN)

Suit says GE Capital turned blind eye to fraud so it could recover its money
(DBN)

Madoff Employees Questioned If Firm Was Scam, Ex-CFO Says
(DBN)

OC B-movie producer found guilty in Ponzi scheme
(DBN)

______________

Religion:

Milwaukee archdiocese wants to delay paying legal fees --- Can't pay bills starting next April --- Nearing administrative insolvency
(DBN)

______________

Finance:

CIT Finds Life After Bankruptcy
(DBN)

______________

Celebs:

The Broke and the Beautiful: McDreamy Edition
(DBN)

Casey Anthony's Massive Legal Fees Force Her To File For Bankruptcy --- Owes money to 'Bones' creator Kathy Reichs --- Bounty hunter named as potential Casey Anthony creditor --- Attorneys set to move forward in Casey Anthony civil cases --- Plans TV Interview For Big Bucks
(DBN)

Ex-NFL Punter Charged in Ponzi - Again
(DBN)

Casey Anthony Can Declare Bankruptcy And Expect Relief But Student Loan Debtors Receive No Such Protection
(DBN)

Tina Turner Gives Up US Citizenship
(DBN)

______________

Credit Cards:

A 4% Surcharge for Using a Credit Card?! Now Legal — but Not Likely
(DBN)

______________

Tax:

Apple is hiding billions of dollars from the IRS
(DBN)

U.S. Bank sues government to keep money from insolvent borrower's assets
(DBN)

______________

Skiing:

Judge clears way for Sno bids
(DBN)

______________

Video Games:

Wrestling Faces a Long Comeback After THQ's Bankruptcy
(DBN)

______________

Telecoms:

Lenders say LightSquared should lose control of bankruptcy case
(DBN)

Nortel bond prices down after failure to divide up $7.3bn
(DBN)

______________

History:

Blue Coal's checkered past revealed in bankruptcy
(DBN)

______________

Hotels:

LodgeNet Interactive Files for Bankruptcy Protection
(DBN)

One quarter of 2012 hotel sales involved distressed properties
(DBN)

______________

Health Care:

Bankruptcy Judge Approves Montefiore Medical Center's Bid for Westchester Square Medical Center
(DBN)

Smokers may not be able to afford Obamacare
(DBN)

Moody's to Scrutinize Highmark's Credit Following West Penn Debt Deal
(DBN)

RI: Hospital’s realities hit home
(DBN)

______________

Autos:

Fisker Speeds Up Search for Suitors
(DBN)

Using a Traffic App Cuts Commutes, Manages Anger
(DBN)

Swedish Town Finds Hope in Saab's Revival
(DBN)

Opel, Peugeot Most Vulnerable to Reckoning
(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 (64 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)

______________

Bankruptcy Statistics:

Ohio bankruptcies fall to recent low, data shows
(DBN)

NM's bankruptcy filings fell for 2nd straight year
(DBN)

WI: State bankruptcy filings dropped again in 2012
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims:

I’m Not a Creditor – Get Me Outta’ Here!! Reflections on Bankruptcy Rule 3006 and Claim Withdrawal in Bankruptcy Cases
(DBN)

______________

Finance:

Make Sure the Make-Whole Provision Is Favorably Drafted: Bankruptcy Court in American Airlines Rejects Make-Whole Premium Based on Indenture Language
(DBN)

______________

Cross-Border:

Expanding Use of Chapter 15 Tests Its Protections and Limits
(DBN)

______________

Litigation:

Got civility? Litigation is getting uglier than ever
(DBN)

Voir dire must be public, even when embarrassing to jurors, says court
(DBN)

Value of Contract Attorneys Debated in Fee Request
(DBN)

The Find a Litigation Hold App on An iPhone
(DBN)

______________

TBTF:

Wrangles continue over bank failure plans
(DBN)

Should Too-Big-to-Fail Banks Be Carved Up?
(DBN)

Bank Bailouts Like Aiding the Arsonist
(DBN)

______________

Pharma:

Baxter Cleared to Purchase Inspiration Drug for $185 Million
(DBN)

______________

Corporate Reform:

Court: Obama Appointments Are Unconstitutional --- Recess Richard In The Crosshairs?
(DBN)

"One explanation for the confusion is that many things that are considered normal in finance look like fraud to almost everyone else."
(DBN)

GAO report: Only 48 percent of Dodd-Frank rules complete
(DBN)

Shadow Banking Faces Tougher Regulations
(DBN)

______________

Education:

Michael Bloomberg Becomes The First Person To Donate $1 Billion To A Single School
(DBN)

______________

Entertainment:

Memphis: Beale Bankruptcy Terms Nearly Done
(DBN)

______________

Banking:

Barclays top brass face fresh Libor heat
(DBN)

Record Number Of Bank Branch Closings In 2012
(DBN)

FDIC Issues 71 Enforcement Actions Against Banks and Individuals In December
(DBN)

Bank customers withdrawing money at fastest rate since Sept. 11 terrorist attacks
(DBN)

First Financial Network offers $85 million in loans held in receivership by FDIC
(DBN)

Following Criminal and SEC Actions, Shareholder Files Securities Suit Against Failed Bank Holding Company Directors and Officers
(DBN)

______________

Sovereigns:

Argentina has week to present debt case
(DBN)

NML Seeks With Aurelius to Uphold Argentina Bond Rulings
(DBN)

'Vulture funds' say Argentina must pay up --- Holdout creditors urge US court to order Argentina to pay
(DBN)

Present at the creation, pari passu edition
(DBN)

______________

UK:

Retailers, IT specialists and builders say their risk of insolvency is rising
(DBN)

Scots Tory tycoon Tommy Coakley owes £30million to creditors
(DBN)

Super League clubs on brink of 'financial abyss', says finance expert
(DBN)

UK: Recovery Worse Than in Great Depression
(DBN)

______________

EU:

ECB Says Banks to Make 137 Billion-Euro Loan Repayment Next Week
(DBN)

______________

PIIGS:

Spain's property firms demand debt relief from banks
(DBN)

______________

Canada:

Failed Nortel mediation signals need for better bankruptcy laws in Canada: CAW
(DBN)

Former Nortel workers ask bankruptcy czars to investigate fees paid by estate
(DBN)

Nortel pensioners vow to keep fighting
(DBN)

Bondholders blamed for Nortel talks collapse
(DBN)

_____________

France:

France's richest man moves to Belgium to avoid 'new socialist super-tax'
(DBN)

______________

Netherlands:

SNS May Sell Shares, Involve Bond Holders in Rescue Plan
(DBN)

______________

Denmark:

Failed Property Bets Show Danish Bank Woes far From Over
(DBN)

______________

Russia:

The Son Of Putin's Worst Enemy Explains What's Going Wrong With Russia
(DBN)

______________

India:

Bankrupt municipal bodies unable to provide street lighting
(DBN)

______________

China:

China marching toward a massive credit crisis
(DBN)

______________

Offshore:

Jersey: New bankruptcy law put up for public consultation
(DBN)

______________

Cyprus:

Fitch cuts Cyprus rating to 'B', outlook is negative --- ECB's Draghi And Germany's Schaeuble Dispute Over Cyprus Aid
(DBN)

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