July 9, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Law firms on track to top 2008 record of 70 mergers; tally 39 in first half of 2013
(DBN)

Legal Sector Shed 3,600 Jobs Last Month
(DBN)

Layoff Watch: More WilmerHale Detail
(DBN)

The American Lawyer Names Global Legal Award Winners
(DBN)

Federal agency takes over pension for shrinking law firm; was plan short by $9M or $39M?
(DBN)

Clifford Chance Revenue Falls on Slow Asian Growth --- Retains top spot as biggest magic circle firm despite 2.5% revenue dip
(DBN)

Winston, Morgan, Linklaters, Dykema: Business of Law
(DBN)

Withers, Baker & McKenzie, Milbank: Business of Law
(DBN)

On Elephantine Mating And Alternative Fees
(DBN)

The Dangers of Hitting Your Stride at a Small Firm
(DBN)

Five Lies Recruiters Tell
(DBN)

Better life after BigLaw beckons, cross-country walker tells laid-off Weil attorneys
(DBN)

Morgan Lewis Picks Up Bankruptcy Partner in Moscow
(DBN)

Holland & Knight Officially Opens Its Doors in Dallas
(DBN)

Shearman's New Leaders Set Sights on Comeback
(DBN)

Saul Ewing Selects Baltimore Lawyer to Be Managing Partner
(DBN)

Could Baker & McKenzie Have Saved $150 Million Last Year?
(DBN)

Which law schools were most likely to yank merit-based scholarships?
(DBN)

Cooley Student Is A ‘Cooler’ — Loses $29K In Casino
(DBN)

McGeorge Law School downsizes student body and staff
(DBN)

ABA to eliminate expenditures reporting requirement--what will US News do?
(DBN)

Law school makes applicants a 24-hour offer
(DBN)

Can Eliot Spitzer Help Biglaw’s Bottom Line From The Comptroller’s Office?
(DBN)

'It's Georgie:' Zimmerman's Friends Identify His Voice Screaming For Help --- Police: Zimmerman Said 'That Doesn't Even Sound Like Me' Screaming For Help --- Trayvon Martin Drug Use to Be Explored in Shooter’s Trial
(DBN)

SCOTUS petition seeks halt to NSA surveillance, cites secret court order revealed by Snowden --- Surveillance court redefined ‘relevant’ and special-needs doctrine to permit broad data collection
(DBN)

Parents rally against law firm after school lawyer uses ‘mother of all insults’ in video rant
(DBN)

Police seek missing attorney who bought a camper and told his secretary he was going fishing
(DBN)

Never Kiss A Cop On The Nose
(DBN)

Cops: Suspect Threatened To Blow Up Man's House, Kill His Family For Failing To Return Borrowed Copy Of "Ted" DVD
(DBN)

Peeping Tom Busted Hiding In Septic Tank
(DBN)

Workers Outraged at Target's 'Cultural Tips'
(DBN)

When A Teen's 'Sarcastic' Facebook Message Goes Terribly Wrong
(DBN)

'Biggest Loser' sued for allegedly gaining weight again
(DBN)

Nine Year Old Girl Handcuffed for Not Performing Jumping Jacks Correctly in P.E. Class
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

______________

Judges:

Dressed for a night on the town, judge ‘froze’ in jail after DUI arrest
(DBN)

Ginsburg is ready for the liberal criticism, and she’s going to resist --- Shut It, Liberals, Because Retirement Isn’t in RBG’s Plans
(DBN)

Judge Refuses To Watch Video Showing Officer Sucker Punching Teenager and Then Clears Him
(DBN)

Judge texted during trial to help state, says ex-prosecutor
(DBN)

Use Hyperlinks, Don't 'B****-Slap' -- and Other Tips from a 'Cranky' Federal Judge
(DBN)

______________

Wall Street:

US stock futures find support
(DBN)

Markets Are Gaining All Around The World
(DBN)

Stocks rise as corporate earnings season kicks off
(DBN)

NY attorney-general probes data providers over early data access
(DBN)

______________

Layoffs:

Temporary jobs becoming a permanent fixture --- Workers Across America Are Getting Stuck In Crappy Temp Jobs
(DBN)

Myths That Young People Shouldn't Believe About Their Careers
(DBN)

How a Layoff Led to His Dream Job
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Spyker Sues GM Over Saab Bankruptcy
(DBN)

Fiat Exercises Option for Chrysler Stake --- Price dispute delays sale
(DBN)

Cash-short drivers roll on rented tires
(DBN)

___________

Health Care:

Peabody plans restructuring --- Retirement community files for Chapter 11
(DBN)

Sound Shore bankruptcy : CEO, others issued big checks before filing
(DBN)

____________

Religion:

Cardinal Timothy Dolan's smoking gun
(DBN)

____________

Gambling:

DiamondJacks creditors approve bankruptcy exit
(DBN)

____________

Aviation:

Asiana Seen Saving Millions With Tactic to Bar U.S. Suits
(DBN)

Don't Rush To Blame The 'Inexperienced' Pilot Of Asiana Flight 214 --- Rookie on Asiana 777 Seen Focusing Probe on Pilots’ Roles
(DBN)

Chart: Why Asiana Flight 214 Crashed --- Pilots Probed on Why Crashed Plane Slowed
(DBN)

Flight attendant files lawsuit saying that American Airlines didn’t protect her against rat-carrying allegations
(DBN)

____________

Economy:

Consumer Credit Surges
(DBN)

Losing $317 Billion Makes Treasuries Safer
(DBN)

What A Difference Two Weeks Makes
(DBN)

101M Get Food Aid from Federal Gov’t; Outnumber Full-Time Private Sector Workers
(DBN)

Why Sequestration Turned Out To Be A Nothingburger
(DBN)

The Fate Of The US Economy Depends On That College Grad Who Is Stuck Making Your Latte
(DBN)

Buffett donates $2 billion in stock to Gates Foundation --- The 50 Americans Who Gave Away the Most Money in 2012
(DBN)

The State Of The Global Economy In 2 Huge Slides
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Office Space: 17% vacancy rate, partly due to law-firm cost controls
(DBN)

Majority of Americans expect housing fundamentals to rise
(DBN)

Mortgage Eminent Domain: The Constitution Can Be Awfully Inconvenient
(DBN)

Less sickness in housing as delinquencies fall 43% from peak
(DBN)

Gibson Dunn's Olson Takes On Feds over Fannie/Freddie Bailout --- Hedge Fund Launches Plan B In Bid To Profit From Fannie And Freddie
(DBN)

Owner Places Versace Mansion in Bankruptcy --- Casa Casuarina --- Judge Compels Discovery Against Versace Mansion Owner
(DBN)

My Dream Home Turned Out To Be A Meth Lab
(DBN)

Glimcher Finds Gold in Malls With 38% REIT Return
(DBN)

Federal judge rules in favor of mortgage registry, banks in R.I. recording fee lawsuit
(DBN)

____________

Brokers:

Claims Under Repurchase Transactions Do Not Qualify As Customers' Claims in Broker-Dealers' Liquidation
(DBN)

Wall Street Spin Machine Mobilizes for Corzine
(DBN)

MF Global Settlement With JPMorgan Unit Approved by Judge
(DBN)

Report: No Criminal Charges for Corzine
(DBN)

____________

Rating Agencies:

S&P plans to argue in court that its ratings were "puffery" that no one should listen to
(DBN)

____________

Mass Torts:

BP to Ask Court to Reject Costly View of Oil Spill Deal
(DBN)

____________

Trains:

Amtrak passengers stranded for 13 hours
(DBN)

____________

Food/Beverage:

Hostess: Twinkies Got Longer Shelf Life Before Bankruptcy --- Why Is Hostess Now Freezing Twinkies?
(DBN)

Former Hostess Employees Bitter About Wage Cuts
(DBN)

Tootie Pie files for bankruptcy
(DBN)

Deloitte Advises Tully's Coffee During its 363 Asset Sale
(DBN)

One grower’s grapes of wrath
(DBN)

____________

Celebs:

Casey Anthony to pay $25,000 for her life story rights
(DBN)

Lauyrn Hill Heads To Jail For Tax Evasion
(DBN)

More money, more problems
(DBN)

The 10 worst celebrity business owners
(DBN)

____________

Fraud:

Madoff Case Puts Focus on Duties of Custodial Banks
(DBN)

SAC’s Cohen Said to Remain Under Investigation
(DBN)

Calendar Is Not Biggest Hurdle in SAC Prosecution
(DBN)

Perelman Sues Old Friend Milken (Not to Worry. It Isn't Personal.)
(DBN)

Petters seeks reduced prison sentence for Ponzi scheme
(DBN)

Crown Bank asked to give back $2 million in proceeds from Tom Petters' former homes
(DBN)

___________

Waste:

Synagro makes plan for reorganization
(DBN)

____________

Metals:

Alcoa reports larger net loss as restructuring costs weigh
(DBN)

____________

Trucking:

YRC Worldwide: On The Brink Of A Turnaround?
(DBN)

____________

Tax:

Bankrupt ex-politician Hart says fed lawyers lying to court, not him
(DBN)

Gandolfini will is a tax ‘catastrophe,’ estates lawyer says
(DBN)

____________

Vacuum:

Hoover parent company snaps up Oreck at bankruptcy auction
(DBN)

____________

Movies:

Filmmaker challenges Meddin Studios' claims of unpaid bills
(DBN)

____________

Education:

Ohio's Chancellor University To Close In August
(DBN)

____________

Banking:

US Banks Said to Face Two New Standards in FDIC Capital Vote
(DBN)

____________

Distressed Investing:

Buying And Selling The Troubled Company
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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 Filing Rate Decline Is Historically Anomalous
(DBN)

NC: Local bankruptcy numbers drop dramatically
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

What Do You Mean I Didn't Take the Money in Good Faith? — Good Faith as a Defense to the Recovery of Fraudulent Transfers
(DBN)

____________

Jurisdiction:

Supreme Court to Consider Whether Stern Allows Waiver or Consent
(DBN)

____________

TBTF:

Fumbling Through the Fog Around Too Big to Fail
(DBN)

____________

Municipalities:

Detroit bankruptcy decision could come as early as Wednesday
(DBN)

Detroit's emergency manager leading bus tour of city's dire conditions
(DBN)

Detroit: 'Not in America'
(DBN)

Ambac Taps New York’s Goldin on $170 Million Detroit Debt
(DBN)

Kevyn Orr directs Detroit City Council not to fill two vacancies
(DBN)

Will Detroit go bankrupt? Orr says the answer may already be in the cards
(DBN)

Financial Crisis Just a Symptom of Detroit's Woes
(DBN)

Second chapter begins for Flint and emergency manager Michael Brown
(DBN)

Pension Proposal Aims to Ease Burden on States and Cities
(DBN)

San Bernardino seeks ruling to end dispute over bankruptcy eligibility
(DBN)

Billy the Kid Note Leads Harrisburg Auction
(DBN)

The Most Diverse Cities In The US
(DBN)

____________

Corporate Governance:

Allowing Firms to Restrict Suits to Delaware to Change Legal Landscape
(DBN)

____________

Corporate Reform:

Wall Street's Disgraced Sheriff Seeks to Saddle Up Again
(DBN)

____________

Student Debt:

US Senate moves to lower student loan interest rate
(DBN)

____________

Ethanol:

Federal judge dismisses claim that South Bend ethanol plant purchased illegally
(DBN)

____________

Agriculture:

Grabanski attorney asks for dismissal of malpractice charge
(DBN)

____________

Cross-Border:

Chapter 15: An Effective Aid to Foreign Administrators and Creditors for Collecting and Liquidating Assets in the U.S.
(DBN)

____________

UK:

Turnaround success and the importance of staff happiness
(DBN)

UK vows jail for reckless bankers
(DBN)

Reckless bankers, or just stupid and idle?
(DBN)

HMRC is losing 60% of VAT cases
(DBN)

____________

EU:

Euro Zone Faces New Questions Over Financing Weak Members
(DBN)

European Bank's 'Forward Guidance' Is a Murky Path
(DBN)

Euroderp
(DBN - NY Times - Paywall Limit Possible)

____________

PIIGS:

Greek gets €4.8bn in staggered bailout payments --- EU and IMF Give Greece €6.8bn Bankruptcy Lifeline
(DBN)

Bank of Ireland announces EU restructuring plan measures
(DBN)

Storm Clouds Are Gathering In Spain Again
(DBN)

____________

Canada:

Can You Revive a Terminated Contract in a CCAA Restructuring?
(DBN)

How A Train Ran Away And Devastated A Canadian Town
(DBN)

____________

Germany:

Gehrlicher Solar Files for Bankruptcy in Germany
(DBN)

____________

Netherlands:

Supreme Court Megapool ruling makes it easier to challenge bankruptcy clauses
(DBN)

____________

China:

China shares have worst day in 2 weeks, property sinks Hong Kong
(DBN)

____________

MENA:

Confused about Egypt? An expert walks you through it. --- Egypt: Clash at Military Building, 40 Dead --- Why Egypt is falling apart
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013