July 26, 2013

The Daily Bankruptcy News

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Law:

New Republic Reporter Defends BigLaw-Is-Dying Article --- Is the death of BigLaw overhyped?
(DBN)

Law Firm Hiring to Increase, Survey Says
(DBN)

Who is representing Detroit ?
(DBN)

GM case may provide guidance on scrutinizing Detroit bankruptcy fees
(DBN)

Nationwide Layoff Watch: Large Layoffs at LexisNexis (Plus Am Law layoffs, and Westlaw printer deprivation.)
(DBN)

Paper on Law Degree's Economic Value a Non-Sequitur
(DBN)

Time for The Am Law 200 to Embrace Testing for Talent?
(DBN)

Litigation Problems at Patton Boggs Lead To Lateral Leakage
(DBN)

You cannot have a gathering of attorneys without letting the booze flow
(DBN)

Law Schools Are One Reason The Lawyer Bubble Keeps Growing
(DBN)

New Law School Gets Just A Third Of Its Expected Starting Class
(DBN)

Unemployed Law Grad Who Spammed Lawyers With Picture of Beautiful Biceps Has A Dream --- Controversial Facebook underwear photo offers a diversity message, says law grad seeking work
(DBN)

Law grad takes job as brothel receptionist
(DBN)

Lawyerly Lairs: Mom and Dad’s Basement?
(DBN)

Top Ten Summer Associate Programs
(DBN)

Management Memo: Is Your Firm Creating A Star Culture?
(DBN)

Preparation Key to Guarding Your Firm Against Hacking, Data Breaches
(DBN)

9 creative lawyer business cards (gallery)
(DBN)

Juror: We Followed The Law, But George Zimmerman 'Got Away With Murder' And Trial Was 'A Publicity Stunt'
(DBN)

Photos Of Aaron Hernandez Allegedly Holding A Gun On The Night Of Odin Lloyd's Death --- The University Of Florida Is Removing All Things Aaron Hernandez
(DBN)

Largest Hacking Scheme Ever Prosecuted In The US Includes Loss Of 'Hundreds Of Millions'
(DBN)

What Snowden Can Expect From His Life In Russia
(DBN)

How Much Justice Can You Afford?
(DBN)

White & Case lawyer and doctor told they are committing 'financial suicide' as they rack up £850,000 divorce bill
(DBN)

Juror who cursed at being selected is axed from panel and fined $500, despite apology
(DBN)

Google ordered by judge to ID anonymous blogger who targeted lawyer
(DBN)

Court unimpressed by Clifford Chance lawyer's fight claims
(DBN)

Year Suspension for Lawyer Who Took Oral S-- as 'Fee'
(DBN)

Hotties of the week: ‘Melting barrister’s clerk’ slams ‘boiling barrister’
(DBN)

Man Pulled Over for Seventh DUI (Third This Year) Just Tosses Keys to the Cops
(DBN)

O.J. Simpson pleads with parole board for leniency
(DBN)

How Going To A Women's College Helped A Yuppie 'Fit In' At A Federal Prison
(DBN)

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Judges:

Supreme Court Clerk Hiring Watch: The Official List For October Term 2013
(DBN)

Judges, Defenders Beg Senate to Avoid 'Painful' Cuts
(DBN)

Federal trial judges should ditch the black robes for something more regal!
(DBN)

Supreme Court Urged to Speed Up Financial Disclosures
(DBN)

Appeals court upholds sanctions against SIST CEO - 'Outrageous' statements bring fines of $5,000
(DBN)

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Wall Street:

US Stock -Index Futures Little Changed Before Sentiment Report
(DBN)

US stocks close higher
(DBN)

10 Real Wall Street Stories That Should Be Movies
(DBN)

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Layoffs:

6 Inspiring Stories From People Who Unexpectedly Lost Their Jobs
(DBN)

Why Good Jobs Are Disappearing
(DBN)

LexisNexis Reduces Staff
(DBN)

US unemployment aid applications rise 7K to 343K --- California jobless claims jump after layoffs in retail trade, service
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pensions:

Detroit Bankruptcy Potential Precedent-Setter on Pensions --- Is Detroit Obliged to Fulfill Its Pension Promises?
(DBN)

Detroit: 7,000 City Workers Support 20K Retirees
(DBN)

What Detroit's Bankruptcy Means for Public Pensions Nationwide
(DBN)

Pensions and bankruptcy : How cities and companies deal with both
(DBN)

Pensioners are pushing many cities and states towards financial crisis
(DBN)

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Fraud:

'Fabulous' Tourre takes the stand --- Tourre denies creating 'monstrosities' --- Tourre tries to play down 'fabulous Fab' email --- Tourre Tells of Low Status at Goldman in Defense Preview--- Tourre Evidence Includes Love Notes, Song Parody, a Wink
(DBN)

The Big Story: SEC vs. SAC --- SAC Charged: Highlights From the Complaint --- Criminal case against SAC is strong: lawyers --- SAC Capital GC Runs Out of 'Shark Repellant' --- SAC Capital hired to gain edge, government says --- Feds Will Seek Forfeiture of Around $10 billion From SAC --- SAC Says It Will Continue to Operate --- Meet Richard Lee, The Fifth Ex-SAC Employee to Plead Guilty --- SAC Capital Responds To Criminal Charges Of Insider Trading Against The Firm --- SAC’s Rigorous Compliance Training Focused On Coming Up With Euphemisms For Insider Trading --- Gasparino: I Heard That Steve Cohen Looks Terrible And Has Gained 15 Pounds --- SAC Case Threatens a Wall St. Cash Cow --- SAC Executives 'Hope' Prime Brokers Will Continue on Same Terms --- The Troubling SAC Case
(DBN)

US Attorney On Busting Hedge Funds: 'Sometimes A Small Fish Is Very Delicious'
(DBN)

Madoff Office Furniture, Art to be Sold at Auction
(DBN)

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History:

When New York Teetered on the Brink of Bankruptcy
(DBN)

Detroit Riots of 1967: Lessons for Today
(DBN)

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Food/Beverage:

Judge appoints chief restructuring officer for bankrupt Belle Foods
(DBN)

A&P Hires Credit Suisse as Grocer Reviews Options Including Sale
(DBN)

Laid-off SD beef plant workers not surprised
(DBN)

El Fenix owner buys Snuffer's debt --- Now major debt holder for Snuffer's restaurants
(DBN)

19 Fast Food Hacks That Will Change The Way You Order
(DBN)

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Retailing:

Amazon Reports Surprise Loss
(DBN)

____________

Franchises:

Severe Consequences for Franchisor Executives: Personal Liability and Non-dischargeable Debt
(DBN)

____________

Oil/Gas:

Court Withdraws Ruling in TXCO Resources Lawsuit Against Peregrine Petroleum
(DBN)

____________

Economy:

Larry Summers: Obama's bad penny --- Summers dismissed QE effectiveness
(DBN)

Yellen vs. Summers: Who would be a better Fed chair?
(DBN)

How Every Major Asset Class Has Performed Since The Taper Tantrum Started
(DBN)

Durable Goods Orders Rose 4.2% in June
(DBN)

Obama, Republicans gear up for bruising U.S. budget fight --- Obama Says Republicans Risk Making US Debt 'Deadbeat' --- Has the U.S. Treasury Already Exceeded the Debt Limit?
(DBN)

Detroit and the American social contract
(DBN)

Rich People Are Forming Their Own 'Banks' To Loan Money To Family
(DBN)

Obama says the typical family income ‘barely budged’ between 1979 and 2007. It grew at least 15 percent.
(DBN)

Krugman: Stiglitz, Minsky, and Obama
(DBN - NY Times - Paywall Limit Possible)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US Mortgage Rates Fall as Homebuying Gains
(DBN)

HAMP Falls Short Of Goals As Homeowners Default
(DBN)

FHFA reaches $885 million settlement with UBS
(DBN)

Two Of America's Biggest Homebuilders Are Tanking After Reporting Earnings
(DBN)

D.R. Horton beats third-quarter estimates
(DBN)

Moody's analyst cites housing recovery as risk to rental market
(DBN)

Total Delinquency Rate Nationwide Hits 6.68 Percent in June
(DBN)

Bank Robs House By Mistake, Refuses To Pay Up
(DBN)

Developer of bankrupt project in Henderson jailed for contempt during debt hearing in Vegas
(DBN)

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Celebs:

Paula Deen Allegedly Asked Black Staffers to Dress Like Aunt Jemima
(DBN)

____________

Municipalities:

Chinese home investors are salivating over Detroit's bankruptcy
(DBN)

Detroit manager: Barbs won't solve city's crisis --- Kevyn Orr talks bankruptcy ruling --- Orr still willing to negotiate with Detroit creditors
(DBN)

Detroit's Orr Welcomes Offer of Bankruptcy Mediator
(DBN)

America's biggest-ever city bankruptcy starts to roll
(DBN)

Detroit's largest assets
(DBN)

Detroit: By The Numbers
(DBN)

More Bankruptcies, Please
(DBN)

Detroit bankruptcy case puts federalism on center stage
(DBN)

Pricing $900 Billion Market on Detroit Is 'Irrational,' Orr Says
(DBN)

Detroit Red Wings Get New $400 Million Taxpayer-Financed Stadium While the City Goes Bankrupt --- Let Them Eat Pucks --- Silverdome owner pushing for Detroit soccer venue
(DBN)

Big Public Projects Won't Save Detroit
(DBN)

Labor's Only Hope Is Detroit Bailout or New Taxes --- Labor Leaders Seek Government Aid for Detroit
(DBN)

UBS Sued by Syncora Guarantee Over Detroit Pension Swaps
(DBN)

Building Blocks for Detroit's Revival --- How Detroit can rise again
(DBN)

Detroit -Windsor tunnel operator files for bankruptcy --- First Day Dec
(DBN)

Detroit bottom could spell boom for Motor City entrepreneurs
(DBN)

GOP lawmakers push to block federal bailout for Detroit --- Hatch: No Federal Money for Detroit --- Donald Cohen Warns of Privatization, Calls for Bailout --- Stabenow defends Detroit as GOP senators push to bar bailout
(DBN)

Time Magazine On Detroit Bankruptcy : 'Is Your City Next?' --- Detroit has lots of company in long-term-debt quagmire --- Municipal Bond ETFs to Watch After Detroit Bankruptcy --- Why Detroit's Economic Ills Are Not Contagious
(DBN)

What Detroit's bankruptcy means for city workers --- City workers "fired up" over bankruptcy, loss of pension, protest in Detroit
(DBN)

Detroit’s fight to survive: How it plans to beat bad-faith charge over bankruptcy --- Detroit set to beat bad-faith charge over bankruptcy
(DBN)

Detroit Is A Dying Example Of How All Ponzi Schemes End
(DBN)

Breaking down Detroit's woes
(DBN)

Jonathan Lipson on the Mess in Detroit
(DBN)

Detroit mayoral candidates share views on bankruptcy
(DBN)

To solve Detroit's problems, we must address poverty
(DBN)

Detroit's not done, change gonna come --- Reinventing Detroit --- Detroit Bankruptcy: Can The City Rebuild Off Its Rejuvenating Core?
(DBN)

The Amazing Problem Shared by Detroit and Brazil
(DBN)

Reports: Christie's Auction House Evaluating DIA Collection --- Detroit tells Christie's auction house: Go home
(DBN)

Detroit bankruptcy puts city property tax refunds in limbo
(DBN)

A Metro 'Revolution': Cities And Suburbs Do What D.C. Can't
(DBN)

Municipal bond experts get in 'bloodfeud' on Twittter --- Municipal bonds 'hemorrhage' $1.2 billion on Detroit fears
(DBN)

Snyder says Detroit should be "model" for municipal bankruptcy
(DBN)

Harrisburg union agrees to change contract, help resolve city debt --- Harrisburg's ill-fated Wild West Museum spawns $3 million yard sale
(DBN)

In Rhode Island Bankruptcy , Bondholders Came First
(DBN)

New York Mayor Spells Out His 'Doomsday' Budget Plan
(DBN)

Pittsburgh's Lessons for Detroit on Bankruptcy
(DBN)

Detroit bankruptcy could cost Philly $500,000 a year
(DBN)

Study lines up Act 47 against other models --- Act 47 Doesn't Work. PA Needs Regional Tax Bases
(DBN)

Mayor Garcetti Refutes Claims City Headed For Bankruptcy
(DBN)

Many Ohio cities face severe fiscal troubles
(DBN)

Jefferson County reaches $4.5 million settlement with IRS over tax-exempt status of sewer warrants
(DBN)

The Unsteady States of America
(DBN)

The 20 Safest Cities In America
(DBN)

Which City Has the Worst Drivers?
(DBN)

RoboCop creator: Detroit shows the film's fictional future is upon us
(DBN)

Animated Recap Of Detroit Bankruptcy Offends Only If You're Alive
(DBN)

____________

Student Debt:

Congress May Undo The Student Loan Interest Rate Hike After All
(DBN)

____________

Mass Torts:

Halliburton admits destroying Gulf oil spill evidence
(DBN)

Former OSHA director testifies for Garlock in bankruptcy case
(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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

Bankruptcy filings are down in West Michigan, but does an 'echo boom' lie ahead?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Rules:

SDNY Bankruptcy Court Publishes Local Rule Amendments
(DBN)

____________

Recharacterization:

Bankruptcy Court Applies Third Circuit test for addressing 'debt' versus 'equity' question
(DBN)

____________

Litigation:

Understanding the Scope of the Duty to Preserve
(DBN)

____________

Politics:

Bankruptcy in Detroit May Win Snyder Votes
(DBN)

____________

Mass Torts:

BP Is Protesting Gulf Spill Lawsuits In Full-Page Ads In The WSJ And NYT
(DBN)

____________

Aviation:

United Trimming Seats to Cut Costs Bucks Rivals' Additions
(DBN)

Delta Wasn't Ready When He Was
(DBN)

____________

Health Care:

Hospitals' bankruptcy yields 2,000 layoff notices; nursing school threatened
(DBN)

The Retirement Surprise In Detroit's Bankruptcy
(DBN)

New Health-Care Law's Success Rests on the Young
(DBN)

Republicans had a plan to replace Obamacare. It looked a lot like Obamacare.
(DBN)

____________

Brokers:

MF Global Settles With J.P. Morgan Over Claims
(DBN)

____________

Vacuums:

Tom Oreck to buy Oreck retail stores from new owner
(DBN)

____________

Mail:

House panel passes bill to cut back mail delivery
(DBN)

____________

Religion:

Fall sends televangelist Schuller to hospital
(DBN)

Church vs. payday lenders: Whose side is God on?
(DBN)

Priest Allegedly Admitted Sex Abuse to Archbishop Robert Carlson Who Attempted Coverup
(DBN)

____________

Metals:

Union: Ormet Sale Deadline Looms --- State, Federal Help Essential
(DBN)

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Trucking:

Panel of federal judges weighs Pilot venue question
(DBN)

____________

Electricity:

KKR Group’s TXU Stake Hanging on $1.48 Billion of Bonds
(DBN)

____________

Defaults:

Fitch: Secured Bonds Dominate High Yield Default Mix
(DBN)

____________

Resorts:

Spanish Peaks resort sale closes for $26.1M
(DBN)

____________

Hollywood:

Ronald Tutor, David Bergstein Win Legal Victory in Involuntary Bankruptcy
(DBN)

____________

Debt Collection:

State cracking down on collection of zombie debts
(DBN)

____________

Sovereigns:

IMF Says Argentina Filing Could Breach Its Duty of Neutrality
(DBN)

IMF Explains Itself on Argentine Debt Case, but Questions on U.S. Role Remain
(DBN)

IMF, US worry Argentine debt default case may complicate debt relief for other countries
(DBN)

____________

UK:

Detroit's demise provides "cautionary tale" for UK schemes
(DBN)

Law firm welcomes "good news" that it is going bust
(DBN)

RSM Tenon in merger discussions with Baker Tilly
(DBN)

Lenders take control of debt-ridden Yellow Pages
(DBN)

Bankruptcy proceedings begin for Hearts' majority shareholders, UBIG --- UBIG collapse could be gamechanger for Hearts bidders
(DBN)

____________

PIIGS:

ie: Back from the brink of bankruptcy
(DBN)

____________

Canada:

Charges laid in bankruptcy fraud investigation
(DBN)

____________

Germany:

Praktiker's Max Bahr Do-It-Yourself Chain Sucked Into Insolvency
(DBN)

____________

Brazil:

Brazilian Tycoon Eike Batista Is No Longer A Billionaire
(DBN)

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Mexico:

Homex Posts $809 Million Loss Last Quarter on Property Write-Off
(DBN)

____________

MENA:

Judge orders deposed President Mohamed Morsy jailed for 15 days
(DBN)

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