July 5, 2013

The Daily Bankruptcy News

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Law:

Note to Laid-Off Weil Lawyers: This Could Be a Blessing
(DBN)

Lawyer who complained of Web ads for 500 other attorneys now has new cause: His own suspension
(DBN)

Should firms start the hiring season for law students later?
(DBN)

Jones Day Bills Detroit $1.4 Million in First Six Weeks
(DBN)

Managing Partners Optimistic About Economic Future, But Not Focused on Future Firm Management
(DBN)

Storm warning: how to spot the tell-tale signs of a law firm in financial trouble
(DBN)

Revenues move upward across UK top 50 despite gloomy predictions
(DBN)

Federal Agency Relieves Law Firm of Pension Debt
(DBN)

Keker & Van Nest, Wachtell, Paul Weiss: Business of Law
(DBN)

Legal review finds M&A activity in decline
(DBN)

Allen & Overy: Annual revenue essentially flat --- Revenue Rises Less Than 1% in ‘Challenging’ Market
(DBN)

Freshfields Revenue Rise Outperforms Allen & Overy --- Overtakes Linklaters and A&O by revenue with 7% hike
(DBN)

UK: Near-shoring takes hold as more top 30 firms eye moves
(DBN)

Eversheds posts 3% revenue rise with partner profits up 2% to £642,000
(DBN)

Norton Rose reports 4% revenue rise for year up to Fulbright merger
(DBN)

DLA posts double-digit revenue and PEP growth for non-US business
(DBN)

Orlando bankruptcy lawyer upset about wet concrete threatened workers at gunpoint, police say
(DBN)

NC: Local law schools expect fewer students this fall
(DBN)

Western New England Gets New Law School Dean
(DBN)

Law School Graduates: Let Them Bake Cake
(DBN)

Should Law Schools Teach Real Skills?
(DBN)

U.S. News Adding Employer Survey
(DBN)

Cardozo Admits Goof
(DBN)

Everything You Need To Know About Apple's Next iPhone, The iPhone 5S
(DBN)

Senior lawyer gets gag order to cover up affair
(DBN)

How Snowden's Leaks Hurt America --- This MIT Project Lets You 'Spy' On Your Own Email Metadata, Just Like the NSA --- Obama Agrees to German Talks Over Spying --- Post office photocopies envelopes of all mail sent in the US, says NY Times --- Carl Bernstein Praises Edward Snowden --- Why We Need To Stop PRISM --- If PRISM is Good, Why Stop with Terrorism? --- Russia Increasingly Impatient Over Snowden's Airport Stay
(DBN)

How did America’s police become a military force on the streets? --- America Has Become Much Safer
(DBN)

10 Do's And Don'ts Of Working From Home
(DBN)

Mom who lost custody of newborn child for eating poppy seed bagel settles case for $144,000
(DBN)

Police Rescue Pig Wearing Sweatpants From Hot Car
(DBN)

Even if ex-NFL player Hernandez didn’t fire gun, prosecutors will deal with others, lawyer predicts
(DBN)

George Zimmerman's Prosecutors Have Had A Huge Turnaround In His Second-Degree Murder Trial --- Former Professor Says He Taught George Zimmerman The Law He Claimed He Knew Nothing About --- Dozens Of Skype Users Troll Witness Testifying At George Zimmerman Trial
(DBN)

Paralegal admits embezzling $327K, secretly settling law firm claims
(DBN)

Drunken Twitter rants threatening the president can lead to prison time
(DBN)

Lawyer who used hidden video cameras to peep on tenants will get psychotherapy rather than jail time
(DBN)

London lawyers in elite 'magic circle' of five firms share £2.2bn pay pot
(DBN)

Acquitted lawyer says shooting charge has ruined his career and political aspirations
(DBN)

Really, Really Disgusting
(DBN)

No lawyers called Charmaine or Kylie?
(DBN)

Trooper Grabs 74-Year-Old Woman And Then Arrests Her After She Hits Him With Her Purse For Being Rough
(DBN)

Prison guards 'forced inmates to have gladiator-style fights'
(DBN)

Say What?!
(DBN)

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Judges:

Blogging federal judge: ‘May the Fourth be with you’
(DBN)

Occupy Shirt Justified Supreme Court Arrest
(DBN)

The Supreme Court's Libertarian Moment?
(DBN)

Supreme Court's Ginsburg vows to resist pressure to retire
(DBN)

Study: Federal District Court Vacancies Remain 'Uniquely High'
(DBN)

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Wall Street:

Stock futures higher ahead of nonfarm payrolls
(DBN)

US Futures Are Pointing To A Sharply Higher Open
(DBN)

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Layoffs:

Small Business Hiring in June Beat Forecasts: ADP
(DBN)

55% of Americans Want to Quit Their Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Orr to creditors: Get on bus, see real city --- All Aboard: The Kevyn Orr Mobile Creditor Tour Departs Next Week --- Show them Detroit's worst neighborhoods ---"Misery Tour"
(DBN)

Should Detroit sell its art?
(DBN)

Follow Detroit EM Orr now @MotownEM
(DBN)

S&P cuts ratings on Detroit water, sewer bonds to junk
(DBN)

Fewest Defaults Since '09 Belie Detroit Insolvency
(DBN)

Carrington responds to recent exit plan criticism --- Tension grows in City Council --- John Rogers escalates feud with Jeffco commission over bankruptcy
(DBN)

Snyder names team to study Pontiac school finances
(DBN)

Hypocrisy prevails on big California debt
(DBN)

Stockton: Tax plan to have limits, oversight
(DBN)

Why Are California's Businesses Disappearing?
(DBN)

6 Cities Where You Can’t Let Your Guard Down
(DBN)

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Small Business:

Government falls short of small-business goal
(DBN)

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Entertainment:

Detroit Masonic Temple far from bankrupt , owner says
(DBN)

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Fashion:

Fashion Label Nicole Farhi Is in Bankruptcy
(DBN)

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Economy:

Private employers add 188,000 jobs in June --- More Workers Than Forecast
(DBN)

Payroll Gains in U.S. Probably Sustained as Confidence Improved
(DBN)

Steady US job gains to keep Fed's focus on tapering
(DBN)

In A Frenzy Over Monetary Velocity
(DBN)

27 Charts That Will Have You Shouting 'America Is Number 1!' --- 100 great things about America - 2013
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

MERS: Bank of America Ordered to Face Texas Property Fees Suit
(DBN)

Mortgage applications fall 11.7% as rates keep rising
(DBN)

Climbing housing market slowed by tepid jobs recovery
(DBN)

Del. court weighs Countrywide shareholder suit
(DBN)

Favorable multifamily climate predicted to last through 2014
(DBN)

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History:

The Broker Who Saved America
(DBN)

____________

Health Care:

Obamacare Penalties Delayed for Big Firms --- The Latest Delay Is A Bad Omen For Obamacare --- Delay has foes focusing on flaws
(DBN)

End Coming for Employer Health Care?
(DBN)

____________

Tax:

Lois Lerner’s price for testimony: Immunity
(DBN)

30% of IRS Seizures Don't Comply with Law
(DBN)

Swiss Banks May Lose $522M U.K. Tax Accord Payment
(DBN)

____________

Education:

Oregon Proposes Tuition Free Colleges For In-State Students
(DBN)

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Fraud:

SEC alleges insider trading in Onyx ahead of Amgen offer
(DBN)

Objections to Rothstein bankruptcy plan set for July 11 hearing
(DBN)

Final Fee Requests In Rothstein Case Totals $7.37 Million
(DBN)

Scott Rothstein Investors Object To Bankruptcy Plan
(DBN)

Peter Madoff derails liquidator's lawsuit
(DBN)

Prison Recommended for Ex-BigLaw Lawyer in Ponzi Scheme
(DBN)

Prosecutors Lack Evidence to Charge Cohen: WSJ
(DBN)

____________

Coal:

Patriot protest in W . Va . likely to draw thousands
(DBN)

Beware Dire Predictions on Coal's Future
(DBN)

____________

Religion:

A disenchanting inside view of the church responding to sexual abuse crisis
(DBN)

Few Milwaukee clergy abuse victims get large sums
(DBN)

____________

Food/Beverage:

Bankrupt grocery business set to close stores in several states --- Belle Foods to close Food World stores
(DBN)

Scranton: Food wholesaler files for bankruptcy
(DBN)

____________

Alternative Energy:

Hoku Solar will fulfill obligations in Hawaii despite bankruptcy filing
(DBN)

Auction Set For BlueChip Power's Solar Assets
(DBN)

Conergy files for insolvency
(DBN)

____________

Corporate Governance:

Kaye Scholer Wins Dismissal of NEC Trustee and Dissident Board Member Suit Against Fellow Board Members
(DBN)

____________

Magazines:

Baltimore Jewish Times publisher leaving bankruptcy
(DBN)

Reorganization Plan of Reader’s Digest Approved; Debt Reduced by $400 Million
(DBN)

____________

Textbooks:

Debt investment in Cengage backfires on Apax Partners
(DBN)

Cengage Creditors Sign Off on Pre-Negotiated Bankruptcy
(DBN)

A Textbook Case of Excessive Leverage
(DBN)

Rumored, Now Reality: Chapter 11 Bankruptcy for Cengage Learning
(DBN)

____________

Celebs:

Top 10 bankrupt celebs
(DBN)

For Paula Deen, Management Mess Leads to Career Meltdown
(DBN)

____________

Oil/Gas:

Roger Parker lashes out at Tracinda Corp in Delta Petroleum bankruptcy
(DBN)

Kirk Kerkorian's team reason behind Delta's demise, former CEO says
(DBN)

____________

Telecoms:

LightSquared splits $3 billion exit financing
(DBN)

____________

Aviation:

US Airways traffic rises much faster than its revenue in run up to merger
(DBN)

Your best bets for finding Wi-Fi on domestic flights
(DBN)

The Notorious Discount Airline That Has So Little Legroom Some Passengers Can't Sit Down
(DBN)

25 People Who Are Having A Worse Time At The Airport Than You
(DBN)

____________

Agriculture:

Grant Family Farms comes back with new CSA called Grant Farms
(DBN)

____________

Personal Finance:

13 Ways To Look And Act Like A Millionaire, Even If You're Not
(DBN)

21 Things Parents Of Millenials Hate
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Claims Trading:

Bankruptcy Platform Extinct: Do Online Claims Trading Marketplaces Have a Future?
(DBN)

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Executory Contracts:

Assume or Reject? Why Not Both?
(DBN)

____________

Asset Protection:

Washington Court Finds Alaska Self-Settled Asset Protection Trust Subject to Washington Uniform Fraudulent Transfer Act
(DBN)

___________

Plan Confirmation:

Absolute Priority Rule Absolutely Applies to Insiders
(DBN)

____________

Avoidance Actions:

When Is a Creditor a Creditor?
(DBN)

____________

Recent Pleadings:

 

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TBTF:

US Banks Must Meet Basel Mark as Small Firms Get Easier Terms
(DBN)

The True Purpose of Bank Capital
(DBN)

Prudential Becomes First to Challenge Treasury's Risk Label
(DBN)

____________

Banking:

Former Trader Returns to Court on Libor Fraud Charges
(DBN)

____________

Brokers:

Courts OK JPMorgan's settlement with MF Global
(DBN)

Quest for Russell Wasendorf Sr.'s embezzled funds yields little
(DBN)

Joyce Leaving Knight After Steering Firm From Meltdown to Merger
(DBN)

CFTC Watchdog Says Gensler’s E-Mails Didn’t Violate U.S. Law
(DBN)

____________

UK:

DLA Piper Boss: The British need to learn to love failure
(DBN)

BOE Surprises in Word not Deed --- BOE Maintains Stimulus as Carney Assesses UK Recovery Strength
(DBN)

The George Clooney Of Central Bankers Just Started An Incredibly Difficult Job: Saving The UK Economy
(DBN)

Insolvency expert records drop in administrations
(DBN)

Number of businesses with serious cash flow problems hits new high
(DBN)

Katona feels "amazing" despite bankruptcy --- Bankrupt Kerry Katona Dropped By Loan Firm
(DBN)

Founder buys Dwell out of administration
(DBN)

Profits halve at insolvency specialist Begbies Traynor
(DBN)

Tape: Murdoch Slams Hacking Investigators --- Vows Revenge Against British Police --- Singles out Arnold & Porter partner Kathleen Harris as a "terrific lawyer" --- Linklaters hacking probe role faces scrutiny after Murdoch tapes leak
(DBN)

____________

EU:

Draghi Breaks New Ground, Euro Breaks a Cent
(DBN)

____________

PIIGS:

The Situation In Portugal Remains Volatile --- Portuguese markets in turmoil --- Crisis Underlines Perils of Austerity --- Portugal politicians try to save government --- German Government Urges Portugal to Stick to Austerity --- Whoever Portugal's prime minister is, the troika is in charge --- Portuguese gov't survives, but markets jolted --- Portugal's Civil Servants Keep Their Jobs as Economy Struggles
(DBN)

ie: Beware of the insolvency pitfalls --- ie: VAT will be charged on personal insolvency deals, but creditors will pay it
(DBN)

Spanish banks seek tax tonic
(DBN)

IMF calls for faster Italy reform, urges more ECB action -- IMF says Italy needs to closely monitor Monte Paschi restructuring
(DBN)

Greece: Final push for agreement with troika
(DBN)

____________

Austria:

Austrian jobs on line as retailer Dayli fails
(DBN)

____________

France:

Sarkozy woes push UMP party to edge of bankruptcy
(DBN)

____________

MENA:

Coup In Cairo --- Military suspends constitution, replaces president --- Egyptians struggle to define new revolution --- 'No more beards!' --- Egyptian Military Chief Has Ties To Muslim Brotherhood And Endorsed 'Virginity Checks' On Women --- US orders nonessential diplomats, embassy families to leave --- Egyptian Newspaper Has A Message For Obama On Its Front Page --- Egypt's New President Makes His First Public Remarks --- A Huge Chunk Of Egypt Is Angry That Their Democratically-Elected President Was Overthrown
(DBN)

Pakistan, IMF reach bailout agreement
(DBN)

After 22 years, UAE branches of defunct BCCI finally liquidated
(DBN)

____________

Australia:

Former ATSIC boss Geoff Clark quizzed on assets at bankruptcy hearing
(DBN)

____________

Malaysia:

Bankruptcy Act amendment being studied by AG's Chambers
(DBN)

____________

Argentina:

Lottery Raided as $115 Billion Hole Filled
(DBN)

____________

Brazil:

Brazilian billionaire fights to save empire as economy stalls
(DBN)

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