June 12, 2013

The Daily Bankruptcy News

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Law:

U.S. to Crack Down on Bankruptcy Legal Fees --- Bankruptcy lawyers face fee overhaul to curb high legal costs
(DBN)

Gardere Names Bankruptcy Partner As Firm Chair
(DBN)

Nationwide Layoff Watch: One Firm's Flight From Atlanta
(DBN)

Am Law 200 Firms Downsize at Home and Abroad
(DBN)

Jones Walker, White, Latham, Willkie: Business of Law
(DBN)

Legal Sector Jobs Down Slightly, Employment Outlook for Law Grads Remains Grim
(DBN)

The ATL Top 50 Law Schools: Top Five Schools for Quality Jobs, Cost, Clerkships, and More
(DBN)

Electrical Fire Forces Evacuation of Several Biglaw Offices
(DBN)

Former BigLaw partner: I faced ‘incredible obstacles’ that male lawyers didn’t have to deal with
(DBN)

How do you pronounce ‘lawyer’? What about ‘voir dire’? Will your answer make you a ‘redneck’?
(DBN)

AIG goes after opposing counsel in BofA put-back case
(DBN)

A complete look at iOS 7 for iPhone
(DBN)

Modus raises $10M to save lawyers 'getting crushed' by data
(DBN)

ABA Punts Decision to Delay Law School Jobs Reporting
(DBN)

Law school cuts enrollment, faculty next
(DBN)

DLA Piper set for London move as firm eyes bigger single-site City base
(DBN)

Is Work Killing You? Five Ways to Lower Your Stress
(DBN)

Trading in the Expense Account: Transitioning from Big Law to Public Interest: Home is Where the Heart Is
(DBN)

The 10 Best Places To Seek Asylum From The US Government
(DBN)

‘Nineteen Eighty-Four’ Sales Spike Amid Surveillance Disclosures --- The NSA Black Hole: 5 Basic Things We Still Don’t Know About the Agency’s Snooping
(DBN)

Court Orders Government To Produce Phone Records Showing Defendant's Whereabouts At The Time Of The Crime, Since We Now Know That Those Records Have Been Hoovered By The NSA For The Last Six Years.
(DBN)

NSA Leaker Edward Snowden Is A Free Man In Hong Kong — For Now
(DBN)

ACLU Sues U.S. Government Over Phone Records ‘Dragnet’
(DBN)

What Did Congress Know About the NSA Deal?
(DBN)

Kamala Harris: "Real deal" CA AG gets profile in Vanity Fair
(DBN)

Disbelieved and accused of making a false rape report, now-vindicated victim sues
(DBN)

Feds Crack Down On Hundreds Of Medical Marijuana Shops In California
(DBN)

Trial collapses after a juror complains that smell from man sitting next to her was so strong that she could not concentrate
(DBN)

Lawyer convicted of shooting at census worker
(DBN)

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Judges:

Chief Judge Alex Kozinski Tells You Exactly What You Should Do With Your Right to Privacy
(DBN)

Business donations to judges’ campaigns often equal friendly rulings
(DBN)

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Wall Street:

US Stock Futures Signal Higher Open On Wednesday
(DBN)

Stocks Decline, Led by Banks; Dow Falls 100
(DBN)

Global Markets Tumble as Investors Bail on Risk
(DBN)

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Layoffs:

Job Openings in the US Decreased in April to 3.76 Million
(DBN)

Job Growth–Barely Keeping Pace with Population
(DBN)

More Signs of Slowly Healing Job Market
(DBN)

8 Solid Reasons To Stay At A Job You Hate
(DBN)

Civil service OKs nearly 4,000 layoffs at hospitals
(DBN)

America Just Loves Firing Government Workers
(DBN)

Welcome to the End of Job Growth?
(DBN)

What America Needs Now: More Quitters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Basketball:

Sacramento Kings group buys share of team out of bankruptcy
(DBN)

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Coal:

Patriot Bankruptcy Puts Retired Miners in Life and Death Struggle
(DBN)

How a Coal Company Bilked 20,000 Workers Out of Health Benefits
(DBN)

Report: US government getting shortchanged by undervalued coal lease sales
(DBN)

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Health Care:

Bankruptcy judge weighs halting Barnwell hospital sale
(DBN)

Ex-WellCare Executives Found Guilty of Fraud in Florida
(DBN)

Bankruptcy often death knell for hospitals
(DBN)

Pennsylvania company buys, renames Complex Care Hospital in Meridian, ID
(DBN)

The Oldest Man In Recorded History Has Passed Away
(DBN)

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Social Media:

Court Auction of Business Assets of Bebo.com
(DBN)

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Autos:

Auto Makers Diverge From Weakening Factory Sector
(DBN)

Why Tesla’s Winning and Other Electric Car Companies Are Failing
(DBN)

Affiliates of electric car maker Coda file for bankruptcy
(DBN)

Electric car maker Coda wins approval to sell assets to Fortress
(DBN)

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Economy:

As a Small Business Optimism Index Rises, Economists Aren't Convinced
(DBN)

US wholesale stockpiles rose 0.2 percent in April
(DBN)

Markets May Be Overpricing Risk of Fed Tapering
(DBN)

As Current Quarter Looks Worse, Higher Hopes for Second Half
(DBN)

American Dream: Part Time Job, Apartment
(DBN)

US Government Forced to Pay Real Rates on Debt
(DBN)

Class of 2013: The Next Steps
(DBN)

Reminder That Debt Ceiling Debate Still Looms
(DBN)

Analyst: Two More Downgrades To The USA's Credit Rating Are On The Way
(DBN)

Treasury to auction TARP capital purchase stock, debt
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Southern California home prices up 25% over last May
(DBN)

The Conflicting Testimony That Could Sink Bank of America Corp
(DBN)

CoreLogic: Nearly 1 million houses float back into positive equity
(DBN)

Potential Claims: Don’t Forget ILSA (Federal Interstate Land Sales Full Disclosure Act)
(DBN)

Shareholders sue GSEs for conservatorship investment bust
(DBN)

American Suburbia Is Shrinking For The First Time Ever
(DBN)

HUD testers find minorities told about, shown fewer homes, apartments --- What Happened When 8,000 Pairs Of Equally Qualified Whites And Minorities Went House Hunting
(DBN)

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Banking:

Overdrafts accounted for 61% of bank fees in 2011, report finds
(DBN)

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Convenience Stores:

Suppliers target bankrupt Mountville firm
(DBN)

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Municipalities:

Calif. city asks residents to help set budget
(DBN)

Stockton city manager to retire
(DBN)

Borough needs cash, or faces bankruptcy
(DBN)

Hamtramck officials have seven days to choose between emergency manager and three other options
(DBN)

Michigan Senate passes bill to protect DIA artwork from sale
(DBN)

Advisers Line Up in Detroit
(DBN)

Kevyn Orr Tells Detroiters: You're Going To Feel Pain
(DBN)

Detroit has 50/50 bankruptcy chance, emergency manager says --- Detroit bankruptcy would cost suburbs millions --- Detroit's Big Bankruptcy Reckoning Begins This Week
(DBN)

Orr to Detroit creditors: Don't bring phones to meeting on Friday
(DBN)

Detroit Municipal Bonds: Who'll Share The Pain?
(DBN)

Bills to dissolve Michigan schools in financial trouble are put on fast track
(DBN)

America's Lost Youth Are Concentrated In These States
(DBN)

Cincinnati’s pension costs threaten to eat it alive
(DBN)

Peduto to ask state to keep Pittsburgh under Act 47 during Capitol visit
(DBN)

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Batteries:

Exide Wins Initial Court Approval for $500 Million in Loans
(DBN)

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Celebs:

Sly Stone's Former Production Company Goes Bankrupt
(DBN)

How Big NBA Players Really Are
(DBN)

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Personal Finance:

13 Things That Appear To Be Scams But Are Actually Just As Good As They Seem
(DBN)

For Retirees, a Million-Dollar Illusion
(DBN)

Retirees' Woes a 'Wake-Up Call' for Younger Workers
(DBN)

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Education:

School Specialty Emerges From Chapter 11
(DBN)

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Debt Collection:

CFPB Will Be Closely Examining Accuracy of Debt Collection Claims
(DBN)

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Construction:

Ballenger blames spider for bankruptcy
(DBN)

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Religion:

Stockton bishop addresses sexual abuse, diocese bankruptcy
(DBN)

Madison Park Church restructures debt
(DBN)

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Office Supplies:

NE Opco Wins Approval of $60 Million Bankruptcy Loan
(DBN)

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Banking:

JPMorgan’s Credit Outlook Cut by S&P as U.S. Support Wanes
(DBN)

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Agriculture:

US Farmland Dangerously Overpriced
(DBN)

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Brokers:

MF Global: UK High Court approves client money distribution process
(DBN)

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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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Three reasons why bankruptcies are falling
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Professional Compensation:

UST: Issues New Fee Guidelines for Attorneys --- Justice Department to Crack Down on Bankruptcy Legal Fees This Fall --- Bankruptcy lawyers prep for new disclosure requirements --- DOJ Bankruptcy Watchdog Unleashes Tough New Fee Rules
(DBN)

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Bankruptcy Reform:

Coverage of the June 4, 2013 Chapter 11 Reform Commission Hearing: Part 1 of 2
(DBN)

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Exemptions:

Single Premium Annuity Exempt In Bankruptcy, Says Georgia Supreme Court.
(DBN)

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Insurance:

D&O Insurers Fund Massive, Complicated Bankruptcy Settlement
(DBN)

____________

Sales:

Dish-Sprint Talks Said to Falter in Part Over Breakup Fee
(DBN)

____________

Shipping:

Excel Maritime plans to file for bankruptcy
(DBN)

STX Tycoon on the Ropes After Bankruptcy Filing
(DBN)

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Software:

Goldman Sachs Wins Ruling After Dragon Systems Deal Trial
(DBN)

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Corporate Reform:

Regulators Scrutinize Bank Fees
(DBN)

Banks’ Latest Outrage
(DBN)

Elizabeth Warren Wants to Make it Easier for Women to Sue Employers Over Pay Discrimination
(DBN)

SEC Chair Tells Elizabeth Warren She Is Considering Ways To Get Tougher On Big Banks
(DBN)

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Alternative Energy:

LDK Solar Expects to Restructure $240 Million in Debt
(DBN)

Chu: Expect More Green Energy Bankruptcies
(DBN)

US Solar Installations Climb 33% Led by California
(DBN)

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Pensions:

Delphi retirees in pension dispute pack Ohio meeting
(DBN)

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Finance:

Goldman Accepted 15,000 Bottles Of Fine Wine As Loan Collateral
(DBN)

Surge in Commercial Lending Raises Worries
(DBN)

Judge Confirms Arcapita Bank's Chapter 11 Liquidation Plan --- "Effectively liquidating" --- Arcapita's novel sharia bankruptcy plan approved
(DBN)

____________

UK:

Farepak boss severely reprimanded
(DBN)

Retailer Dwell under the spotlight
(DBN)

____________

EU:

Euro-Area Industrial Production Unexpectedly Gains on France
(DBN)

EU unveils action plan for Europe's ailing steel sector
(DBN)

Cyprus president criticizes bailout terms
(DBN)

____________

PIIGS:

A Greek State Broadcaster Is Covering Its Own Demise Live As Austerity Forces It To Go Off The Air --- Greek state TV, radio broadcasts go off the air --- Greece First Developed Market Cut to Emerging
(DBN)

Hilco rescues Ireland's largest DVD rental chain --- These are the 6 judges who’ll be dealing with personal insolvency applications --- Dunne set to face his creditors
(DBN)

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Mexico:

Mexico's Vitro to prepay convertible debt
(DBN)

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Austria:

Austrian finmin opposes "bad bank" for Hypo Alpe Adria
(DBN)

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MENA:

Dubai World makes first major asset sale since crisis
(DBN)

As Dubai’s economy rebounds, so do all its bad habits
(DBN)

____________

New Zealand:

Enhanced regulation of insolvency specialists proposed
(DBN)

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