June 13, 2013

The Daily Bankruptcy News

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Law:

Howrey Art Collection Goes Under the Hammer
(DBN)

New Altman Weil survey reveals law firm leaders understand the problem, but not the solution
(DBN)

Kasowitz Benson, Sullivan & Cromwell, Jones Day: Business of Law
(DBN)

For corporate counsel, the search for value is more important than ever
(DBN)

A Warning For In-House Counsel In New York
(DBN)

Are GCs More Than Just Legally Trained Executives?
(DBN)

The $65 Million Woman
(DBN)

Take the Time to Learn and Utilize New Technology
(DBN)

A Wachtell Lipton Partner Leaves the Law For….
(DBN)

Ashurst reviews 350 London jobs in low cost support base launch
(DBN)

Tribunal hears details of internal fraudulent billing probe at Linklaters
(DBN)

Seyfarth, Latham, Reed Smith, Orrick: Business of Law
(DBN)

Stealth Lawyer: Karen Krueger, Alexander Technique Instructor
(DBN)

Lawyers are apparently huge procrastinators
(DBN)

10 Questions with Peter Devlin from Fish & Richardson
(DBN)

Capital-Markets Centric Firms
(DBN)

Law Schools Are Turning Our Kids Into Profit Centers
(DBN)

Law grad, 70, who celebrated 50th wedding anniversary June 1, is now studying for bar exam
(DBN)

Aspiring Lawyer’s Insane Rant at Dunkin’ Donuts Staff
(DBN)

Lawyer calls ex-NFL client’s backside pat a gesture of respect, seeks reduction of 30-day jail term
(DBN)

Lawyer "Trampled" Fine Line Between Zeal and Frivolousness
(DBN)

After Apple Lashes Out at Morgan Lewis, Patent Holder Fires Back
(DBN)

Insiders Say The NSA Has Been Collecting Data On Almost All US Calls Since 2001 --- Only One Big Telecom CEO Refused To Cave To The NSA ... And He's Been In Jail For 4 Years --- NSA Director Says Agency 'Committed' On Privacy --- Snowden Says He Isn't Hiding --- FBI Increases Use of Patriot Act to Collect Data --- Spies Like Us: Contradictions in NSA Mess --- NSA DIRECTOR: Phone Surveillance Has Prevented 'Dozens' Of Terrorist Attacks In The US --- If You're Still Freaking Out About The Government Grabbing Your Phone Records, Calm Down And Read This ... --- Google details how it hands over data to federal officials --- Why Google can flatly deny knowledge of Prism
(DBN)

'Young, Hungry Professionals' Win Fight In Battle Against Unpaid Internships --- Federal judge rules unpaid interns were misclassified employees, certifies class action
(DBN)

Lawyer gets 3 years for shooting at US census worker
(DBN)

Court Upholds DWI Conviction of Woman Fleeing Domestic Abuse
(DBN)

Law firm suffers 7th traffic crash on its property, but 4-way stop is not forthcoming
(DBN)

Tribe Outraged at City's 'Free Dirt' Offer
(DBN)

5 of the strangest lawsuits making headlines
(DBN)

Man accused of keeping three women in his ‘torture chamber’ home pleads not guilty to 329 counts
(DBN)

Former White House lawyer cites his possible brain disease in attempted murder case
(DBN)

Eight-month erec---- leads to malpractice lawsuit
(DBN)

Police Called On Hamptons Hedge Fund's Generators
(DBN)

Say What?!
(DBN)

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Judges:

Politicians In Robes? When businesses give judges money, they usually get the rulings they want
(DBN)

5th Circuit Reassigns Death-Penalty Appeal After Complaint Against Edith Jones
(DBN)

Horrifying Video Of Alleged Sexual Assault While Family Court Judge Literally Looks The Other Way
(DBN)

Sotomayor reflects on rise from Bronx to top US court
(DBN)

Obama Has Named More Women Judges Than Predecessor
(DBN)

Retired Justice O'Connor rails against electing judges
(DBN)

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Wall Street:

Stock indexes inch higher after two days of losses --- US Stock Futures Signal Lower Open On Thursday Ahead Of Retail Sales
(DBN)

Stocks Extend Losses
(DBN)

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Layoffs:

Providing Employees with Notice of Layoffs in Chapter 11 Cases
(DBN)

More Than 3 Unemployed Per Job Opening
(DBN)

JPMorgan Cutting 1800 More Jobs in Mortgage Unit
(DBN)

People With Disabilities Face 13.4% Unemployment Rate
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Tax:

Montana, Blixseth to face off in $57M tax dispute
(DBN)

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Economy:

Nation's CEOs say economic recovery still on slow road
(DBN)

U.S. on Track for Smallest Deficit in 5 Years
(DBN)

US chief executives more optimistic about hiring
(DBN)

Things Are Starting To Look Up For Retirement Savers
(DBN)

The Key To Getting Rich
(DBN)

World Bank forecasts 2.2% global growth this year
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Reform Efforts in Washington Reflect Few Lessons of Housing Crisis
(DBN)

Fannie Mae Survey: Americans' Optimism About Buying and Selling a Home Hits Record Levels
(DBN)

Fannie, Freddie Shareholders Roll Dice, Sue Uncle Sam
(DBN)

Rising Home Prices Pull 850,000 Borrowers Out of Deep Waters --- Number of ‘Underwater’ Borrowers Drops Below 10 Million
(DBN)

Overvalued Housing Market Not the Same as Bubble
(DBN)

Rising Mortgage Rates to Squeeze Pricey Markets First
(DBN)

Home Prices are Not Affordable
(DBN)

Mortgage applications tick up 5%
(DBN)

Banks repossessing more homes as home prices rise
(DBN)

Rising Rates Scare Borrowers Into Action
(DBN)

ResCap Wins Bankruptcy Court Approval to Repay Ally
(DBN)

ResCap Gets More Time to Control Its Chapter 11 Case
(DBN)

FL: New Foreclosure Law Streamlines Process
(DBN)

Chicago Requires Relocation Assistance For Tenants Affected by Foreclosures
(DBN)

Why You Shouldn't Pay Off Mortgages Early
(DBN)

Mansion built on ‘spec’ fetches recorded $42M
(DBN)

Are renters here to stay? Spoiler alert: Experts say yes
(DBN)

Housing recovery evolves mortgage modification landscape
(DBN)

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Personal Finance:

Credit Expert Answers 7 Burning Personal Finance Questions
(DBN)

____________

Aviation:

White House petition seeks to nullify $20 million payout to AA CEO
(DBN)

____________

Student Debt:

Bankruptcy Case Offers Hope for Student Borrowers
(DBN)

Treat Students Like Banks
(DBN)

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Telecoms:

Prossers Risk Jail Time for Not Paying Contempt Sanctions
(DBN)

____________

Vacuums:

Deadline for bids for Oreck is July 1
(DBN)

____________

Shipping:

Bankruptcy a Warning Sign for Dry Bulk Investors
(DBN)

____________

Corporate Governance:

What General Counsel Can Bring to a Company's Board
(DBN)

____________

Fraud:

Rothstein Funds in Firm Account Not Subject to Forfeiture
(DBN)

$50M Seized From Scott Rothstein Should Be In Trustee's Hands
(DBN)

Ex-booster at heart of Miami case takes shots at NCAA
(DBN)

SEC accuses former general counsel of investment firm of covering up pension theft
(DBN)

Madoff Family Reunion in London as Brother, Son to Testify
(DBN)

____________

Coal:

UMWA takes to member vote after Patriot ends bankruptcy negotiations --- Patriot Disputes UMWA Characterization Of Negotiations --- Patriot Coal, Union Trade Barbs
(DBN)

Patriot Coal has failed its miners
(DBN)

____________

Defaults:

After emerging corporate bond boom, default risks on rise
(DBN)

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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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

What's Causing the Drop in Corporate Bankruptcies?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Professional Compensation:

DOJ Bankruptcy Watchdog Unleashes Tough New Fee Rules
(DBN)

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Property of the Estate:

Definition of Property Limited Under Bankruptcy Code
(DBN)

____________

Bankruptcy Reform:

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

____________

Insurance:

"Disgorgement" Not Precluded from D&O Insurance Coverage Where Firm Did Not Profit from Improper Conduct
(DBN)

____________

Autos:

GM targeting investment grade rating 'within the year'
(DBN)

Chrysler Sets Terms for Refinancing
(DBN)

Reuters Explains Why The Miles Bankruptcy Is Relevant To Other EV Bankruptcies
(DBN)

Carbon Motors files for bankruptcy in Indianapolis
(DBN)

Shiloh Offers $54 Million for Revstone Industries Subsidiary
(DBN)

____________

Municipalities:

Belle Isle lease deal back on table, Orr says - and it's not a surprise
(DBN)

A modest proposal to save Detroit’s art
(DBN)

Orr's plan will be defining moment for Detroit
(DBN)

How Detroit bankruptcy could unfold
(DBN)

S&P cuts Detroit rating to CCC- as city strives to avoid bankruptcy --- Detroit Downgraded by S&P in Advance of Creditor Meeting
(DBN)

Detroit EM aims for better, cheaper trash service with moves to privatize
(DBN)

Michigan House panel OKs bills that could dissolve insolvent school districts
(DBN)

Stockton: City, retirees reach tentative agreement
(DBN)

Here’s the “Enormous Problem” Facing States
(DBN)

Has JeffCo bankruptcy impacted the economy?
(DBN)

Woonsocket Faces Financial Chaos
(DBN)

Philadelphia Schools Superintendent Says 'Doomsday Budget' Forcing 'Catastrophic' Layoffs
(DBN)

____________

UK:

Scottish bankruptcy bill promises fairness for debtors and creditors
(DBN)

Bankrupt homeowner ' wrecked £ 500,000 property in under an hour
(DBN)

RSM Tenon bolsters London restructuring team
(DBN)

____________

EU:

ECB Cuts Growth Outlook
(DBN)

____________

PIIGS:

Greek PM faces coalition revolt over state TV shutdown
(DBN)

Independent Villas insolvency: Portuguese holiday agent cancels bookings
(DBN)

____________

Canada:

United Protection Security Group Inc. in Bankruptcy
(DBN)

____________

MENA:

Bankrupt Iran plans drastic taxes to keep afloat
(DBN)

____________

Argentina:

The Big Money Is Bailing On Argentina, Again, Over Fears Of Fresh Crisis
(DBN)

____________

China:

World Bank Cuts China's Growth Forecast And Warns Of A Possible 'Sharp' Slowdown
(DBN)

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