January 8, 2013

The Daily Bankruptcy News

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Law:

Law firm M&A activity in 2012 keeps pace with 2011: report
(DBN)

Skadden, Tennenbaum face claims over Radnor bankruptcy
(DBN)

Bankruptcy watchdog aims to oust law firm, adviser from GSC case, Wants $10M disgorgement --- The Motion
(DBN)

Firms Duke it out for Lead Counsel Role in Howrey WARN Act Lawsuits
(DBN)

Baker Botts Names New Bankruptcy Special Counsel
(DBN)

Leading Lady Lawyers: Ranking the Am Law 100 By Women in Leadership Roles
(DBN)

Partner Layoffs Haven’t Ended in BigLaw, Surveys Indicate --- Layoff Watch: Partners in Peril
(DBN)

Fulbright, SEC GC, Latham, Zuckerman: Business of Law
(DBN)

Pennsylvania Law Firm Leaders Taking a Tepid View of 2013
(DBN)

2013 global outlook grim for law firms
(DBN)

Doing Free Work? Ask Yourself One Question
(DBN)

UK legal sector to get 2013 boost, predicts survey
(DBN)

DLA Piper opens for business in Seoul after Korea licence approval
(DBN)

Arnold & Porter Signs 20-Year Lease for New Space
(DBN)

Florida foreclosure law firm faces closure after bar investigation
(DBN)

Norton Rose Gangnam Style
(DBN)

Tomorrow's Lawyer -- an introduction to your future
(DBN)

In tax fraud case, sins of defense lawyers are visited on client
(DBN)

Elizabeth Wurtzel’s Terrible, Horrible, No Good, Very Bad Year --- Elizabeth Wurtzel, Middle-aged, Has Regrets: Maybe former boss David Boies can run to rescue --- Elizabeth Wurtzel Confronts Her One-Night Stand of a Life
(DBN)

The Best Things I Heard in 2012
(DBN)

Your Boss Is a New Dad—Too Bad for You.
(DBN)

Will the Foreclosure Settlement Result in Collateral Damage at the Big 4?
(DBN)

Gruesome Details About Colorado Theater Shooting Victims' Last Moments Emerged In Court
(DBN)

When Death Row Lawyers Stumble, Clients Take the Fall
(DBN)

An Arrest Is Made in Severe Beating of Dallas Lawyer
(DBN)

A happy Hollywood ending
(DBN)

ATL Holiday Card Contest: The Winner!
(DBN)

Seven Ways to Excel at Winning Global Clients
(DBN)

Hacker Steals ‘Large 6-Figure’ Sum from Law Firm Trust Account Using Trojan Banker Virus
(DBN)

Law Dean Flips Out Over New Rules For Law Schools
(DBN)

We Were Wrong About Professor Diamond And We Apologize --- Why most faculty steer clear of engaging the irrationality of the "scam" bloggers --- Diamonds in the rough
(DBN)

‘I Look Forward To Meeting You On 31 Sept As Well’: Cambridge Law Student Taunts ‘Sloppy’ Law Firm Grad Recruiters
(DBN)

Guru Sparks Outrage By Saying Gang Rape Victim Was As Guilty As The Rapists
(DBN)

Judge denies bond for former in-house lawyer charged with stealing more than $9.3 million
(DBN)

Speeding menace of doctors and barristers
(DBN)

Review: Proximo by Kensington -- find your keys with your iPhone, your iPhone with your keys, your briefcase or purse, and more
(DBN)

"Downton Abbey" - Microcosm of legal sector 2013
(DBN)

Say What?!
(DBN)

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Judges:

The Leif and Times of Judge Clark
(DBN)

Comedian Writes Elaborate Revenge Fantasy Involving Justice Scalia
(DBN)

Lawyer Suspended 60 Days for Rude Remarks to Judge Not Sorry, Says He’ll Be on Beach If Appeal Loses
(DBN)

Trial Looms for Suspended Chicago Judge re Security Checkpoint Dispute
(DBN)

High court weighs future of a class-action "hellhole"
(DBN)

The Financial Crisis in the Courts
(DBN)

At Sentencing, a Judge Weeps
(DBN)

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Wall Street:

US stock futures gird for earnings season kickoff
(DBN)

Stocks sink, pulling S&P 500 down from 5-year high
(DBN)

Secret Goldman Team Sidesteps Volcker After Blankfein Vow
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Former CEO of Radnor Sues Skadden
(DBN)

Judge won't block sale of Upper Crust leases
(DBN)

Lawyer For Upper Crust Workers Loses Bid to Buy South End Location
(DBN)

Hostess: We expect to establish up to six stalking horse bidders
(DBN)

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Aviation:

US Airways pilots back proposed American merger framework --- Pilots on board with AMR deal
(DBN)

Court Schedules Hawker Beechcraft, Pension Group Hearing
(DBN)

Pace bankruptcy trustee calls for Feb 6. hearing
(DBN)

Showdown: Talkhost Alex Jones Detained By TSA
(DBN)

Debt-ridden AeroSvit's aircraft detained at various airports
(DBN)

Things You Can't Do on a Plane: Vol. 28
(DBN)

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Corporate Reform:

SEC Says Geoffrey Aronow, Formerly With CFTC, is New Counsel
(DBN)

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Student Debt:

4 Out of 10 Actually Were Able to Discharge Student Loans in Bankruptcy
(DBN)

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Personal Finance:

Nine Reasons You Shouldn't Be Broke But Still Are
(DBN)

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Brokers:

FCStone must return $15.6 mln to Sentinel bankruptcy trustee
(DBN)

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Apparel:

Bakers Footwear moving forward on sale or liquidation
(DBN)

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Politics:

The War Over Elizabeth Warren's Wikipedia Page
(DBN)

Elizabeth Warren Brings Digital Army To Senate
(DBN)

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Economy:

US Might Lack Cash to Pay All Bills Feb. 15, Policy Group Says
(DBN)

Krugman joins the $1 trillion coin brigade
(DBN)

Here Are All The Things Government Would Have To Shut Down Immediately If We Don't Raise The Debt Ceiling
(DBN)

Rescued by a Bailout, A.I.G. May Sue Its Savior
(DBN)

A congressman wants to ban the trillion dollar platinum coin --- Here's How The Government Would Actually Make A $1 Trillion Coin To Avert A Debt Ceiling Crisis
(DBN)

Stiglitz: We're Overlooking The Global Economy's Long-Term Problems
(DBN)

American consumers with low credit scores struggling to recover from economic downturn
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank Of America In $10B Mortgage Settlement With Fannie Mae --- Ends Long Standoff with Fannie Mae --- In mortgage settlements, BofA comes up $5 billion short --- BofA's $10.3 billion mortgage settlement seen as best way out --- BofA Escaping Countrywide Helps Moynihan Build
(DBN)

BofA's mortgage problems not over yet
(DBN)

Banks in $8.5 bln foreclosure abuse settlement
(DBN)

Head of Fla. Foreclosure Mill Firm Agrees to Shut Down Law Practice
(DBN)

Banks Pay Big for Robo-Signing…Again
(DBN)

Foreclosure Misbehavior: Both Sides Of The Coin
(DBN)

Oregon Supreme Court to consider ' MERS ' mortgage system
(DBN)

Clear Capital: Price recovery in most housing markets will slow down
(DBN)

About 43% of Americans expect home prices to rise
(DBN)

Latest MLS data reports Phoenix leads median increase
(DBN)

Cheap Money Era That Saved US Housing Bottoms
(DBN)

Prepetition Post-Default Rents: Who Gets The Cash
(DBN)

Breakwater Equity Partners Protects Houston Tenant-in-Common Buildings With Ch. 11 Filing
(DBN)

Mortgagee’s Misapplication of Plan Payments Not Tortious
(DBN

Lone Star Begins Raising $5 Billion for Property Fund
(DBN)

Q4 U.S. Office Market Is Strongest Quarter In Five Years
(DBN)

Lenders' Mortgage Pains Still a Boon for Nonbank Servicers
(DBN)

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Retailing:

Annie Sez Owner Big M Files for Bankruptcy Protection --- Seeks bankruptcy protection to rebuild from Sandy losses
(DBN)

Hedge Funder Eddie Lampert Is Taking Over As Sears CEO
(DBN)

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Compensation:

The New Stats On MBA Pay Are Depressing
(DBN)

Chesapeake's McClendon Loses Bonus Amid Investor Blame
(DBN)

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Fraud:

Taking Advantage of Stern v. Marshall in a Ponzi Scheme Case
(DBN)

FBI Corporate Antifraud Email Program
(DBN)

Caviar Distributor Gets Time Served for Fraud Scheme
(DBN)

Judge says Durham won't have to pay for appeal
(DBN)

Seizure of Ponzi assets sparks 11th Circuit debate
(DBN)

Financial Fraud Defies Policing
(DBN)

______________

Video Games:

THQ equity backer agrees to hear bids for individual titles --- Studios, Games and Franchises to be Individually Auctioned
(DBN)

THQ Approved for Extended Sale Process, Bankruptcy Loan
(DBN)

Gray Matter studio Wizarbox declares bankruptcy
(DBN)

______________

Storage:

RoboVault bankruptcy case 'sheer madness,' attorneys say --- RoboVault owner facing sanctions for 'havoc'
(DBN)

______________

Education:

Bankruptcy judge extends voting deadline for upcoming Lon Morris College auction as Ameribid prepares to auction property
(DBN)

Bids for Lon Morris open on Monday
(DBN)

______________

Municipalities:

Judge overrules Flint emergency manager's order on retiree prescription drugs; City appealing decision
(DBN)

Stockton Bankruptcy Focus: Pension Claims and Bond Holders
(DBN)

San Bernardino: Vote delayed to hire consultants in wake of bankruptcy
(DBN)

PA: State ups commitment for struggling municipalities
(DBN)

______________

Turnarounds:

Selling Distressed Businesses, Part 1: Why Are They Unique?
(DBN)

______________

Compensation:

Claw-back clauses and caps introduced into corporate bonus culture
(DBN)

______________

Private Equity:

Private Equity's Year of Failed Deals
(DBN)

______________

Accounting:

SEC probes Ernst & Young over audit client lobbying
(DBN)

______________

Corporate Reform:

US watchdogs rake in record settlements
(DBN)

______________

Tax:

HSBC N.J. Client Admits Conspiracy in Offshore Tax Case
(DBN)

______________

Skiing:

Snö Mountain could be sold by this spring
(DBN)

______________

Celebs:

Jody Gerut working to prevent athlete bankruptcy
(DBN)

______________

Electricity:

City awaits trustee's plan in power bankruptcy
(DBN)

______________

Banking:

Fitch: PE Firms May Seek New Bank Exit Plans in '13
(DBN)

JPMorgan Seeks Liability Shield in WaMu Bondholder Suit
(DBN)

Banks have to pay up, despite win on liquidity rule
(DBN)

______________

Student Debt:

Questions of Fact and Faith: Tithing, Undue Hardship, and Student Loan Discharge
(DBN)

______________

Distressed Investing:

THQ Bankruptcy Update
(DBN)

_____________

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 (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (236 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:

Another Reason to Worry About Financial Derivatives - Once Derivatives Start Trading On A Company's Debt, Probability Of Bankruptcy Doubles
(DBN)

2012 Commercial Bankruptcy Filings Down 22% Y/Y
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Mass Torts:

New Ohio Asbestos Legislation Is A Step In The Right Direction…But There Is A Long Road Ahead
(DBN)

Asbestos bankruptcy estimation hearing gets under way in western Pa.
(DBN)

______________

Bankruptcy Bonuses:

US trustee objects to Nortel incentive plan
(DBN)

______________

Avoidance Actions:

Definition of “Reasonably Equivalent Value” Narrowed as Pool of Potential Litigants is Expanded in Fraudulent Transfer Context
(DBN)

______________

Automatic Stay:

Civil Contempt Against Debtor Not Stayed by Bankruptcy Petition
(DBN)

______________

IP:

The Importance of Intellectual Property in Distressed Situations
(DBN)

Trademark Licensee’s Rights Survive Rejection of Executory Contract
(DBN)

Kodak Licenses Its Name To Digital Camera Maker
(DBN)

______________

Discharge:

Tenth Circuit BAP Holds that a Chapter 11 Individual Debtors Who Do Not Receive a Discharge Can't Assert Violation of Discharge Injunction Against Repo Creditor
(DBN)

______________

Claims:

Third Circuit Phases Out Old Standard For Determining When Claims Arise, With Some Exceptions
(DBN)

______________

Recent Pleadings:

UST Says Kaye Scholer Conflicted In GSC Case
(DBN)

______________

Weather:

Obama Signs $9.7bn Sandy Relief Bill
(DBN)

______________

Agriculture:

Grant Family Farms files for liquidation
(DBN)

Suppliers surprised by Grant bankruptcy
(DBN)

______________

Telecoms:

LightSquared Lenders Targeting Falcone, Not Company Officers
(DBN)

______________

Credit Reporting:

Consumers mistakenly flagged as criminals on credit reports
(DBN)

______________

Toll Roads:

Distressed Toll Roads: Opportunities and Challenges for Restructuring
(DBN)

______________

Derivatives:

Credit-default swaps: The case for the prosecution
(DBN)

______________

Credit Cards:

More Will Fall Behind on Credit Card Bills
(DBN)

______________

Hotels:

Hotel Owner Says Marriott Union Push Caused 2011 Bankruptcy
(DBN)

______________

Sovereigns:

Argentina Grounds President's Plane
(DBN)

______________

UK:

More retail firms face bankruptcy in Britain
(DBN)

International role for leading expert on laws of insolvency
(DBN)

______________

EU:

Milken Protege Goodman Chases European Junk Loans at Blackstone
(DBN)

Draghi Seeks Extended Calm in 2013 on Fading Euro Economy
(DBN)

Looser bank buffer rules no panacea for Europe woes
(DBN)

Germany: economy grew by 0.75 percent last year
(DBN)

Germany is Not Profiting from the Eurozone
(DBN)

EU unemployment tops 26 million for 1st time
(DBN)

Euro-Area Economic Sentiment Increased in December
(DBN)

______________

PIIGS:

Spain looking at 14th bankruptcy
(DBN)

Greece: Illegal economy appears to shrink --- Greece raises 2.6 billion euros in T-bill sale
(DBN)

______________

Canada:

Director Liability – Revisiting the “Two Hats” Doctrine in Pension Matters
(DBN)

______________

France:

Virgin closure a sign of changing Champs Elysées
(DBN)

______________

Sweden:

Insolvent Vida Paper seeks investor
(DBN)

______________

Israel:

Isramco seeks to buy ATP's Shimshon, Daniel rights
(DBN)

Palestinian PM: Palestinian Authority on brink of bankruptcy
(DBN)

______________

Russia:

A Russian Tax Fraud Worth $230 Million May Just Be The Tip Of The Iceberg
(DBN)

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