June 24, 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:

Trustee Fires Shot Across Bankruptcy Bar's Bow
(DBN)

Large Firms in a Hiring Mood Again
(DBN)

FDIC sues Akerman Senterfitt
(DBN)

Morrison & Foerster, White & Case: Business of Law
(DBN)

Downey Brand lays off 11 administrative and support staffers
(DBN)

Four people shot outside North Carolina law firm , Walmart -police
(DBN)

Law and Order Foxborough: Cue Music, Lights Up On The Ropes & Gray Bike Messenger
(DBN)

Jobless Lawyers: Are the ones who majored in English worse off?
(DBN)

Listen Up, Mr. or Ms. Know-It-All
(DBN)

The NSA Spied On Barack Obama in 2004, Says Russ Tice --- Snowden’s Just Hanging Out In Hong Kong Giving More U.S. Intelligence Secrets To The Chinese --- Edward Snowden Charged Under The Espionage Act --- Here's What A Drone Can See From 17500 Feet --- Report: Britain's Spying Agency Is Intercepting A Huge Amount Of Data From Fiberoptic Cables To Share With The NSA --- Snowden On The Run --- Books Flight For Cuba, But Doesn't Show Up On The Flight --- Snowden Seeks Asylum in Ecuador --- Meet Sarah Harrison, The WikiLeaks Representative Traveling With Edward Snowden --- Law Professor: Even If NSA Domestic Surveillance Is Legal, It's Unconstitutional
(DBN)

57 Rules For Looking Sharp In A Suit
(DBN)

Outside Counsel Who BYOD Worry Big Banks
(DBN)

2013 In-House Tech Survey
(DBN)

Evidence Collected By A Private Investigator Suggests That OJ Simpson's Son Was The Real Killer
(DBN)

Law School Graduate Charged in Classmate's Gruesome Murder
(DBN)

Can Law School Grading Be More Fair?
(DBN)

Law Student Embezzles Thousands of Dollars While Drunk, High
(DBN)

Do You Have to Be an Annoying Suck-Up to Succeed as a Summer Associate?
(DBN)

Summertime, And The Livin’ Is Easy… Unless You Work At This Firm
(DBN)

I'll Bet It Was Worth Every Penny
(DBN)

Court Says Attorneys May Not Belittle Opponents
(DBN)

Women, Wine, Law
(DBN)

Attorney Suspended For Lying About Residence To Get In-State Tuition
(DBN)

Houston 'Attorney' Called Money-Hungry Shark
(DBN)

California ordered to cut inmate population by 10,000 by the end of the year
(DBN)

Murder defendant identified through blinks of paralyzed victim gets minimum sentence of 36 years
(DBN)

Margaret Oyler: Another proven case of how easy it is to steal from organizations associated with law
(DBN)

Chopped finger photo warned NY chef to be silent on taxes-lawsuit
(DBN)

Lawyers Are Focus In Waffle House Case
(DBN)

Tennessee Official: Complaints About Water Quality May Be Considered Terrorism
(DBN)

China's Looming Entertainment Problem: Not Enough Lawyers
(DBN)

______________

Judges:

Scalia: Judges Shouldn't Decide Whether Being Gay Is Moral
(DBN)

Supreme Court 2013: The Final Countdown
(DBN)

Supreme Court Puts American Consumers on Notice
(DBN)

Back Pay Set for Federal Judges Denied Raises
(DBN)

Evidence supports blogger’s conviction for deserve-to-die rant against judges, appeals court says
(DBN)

Oral Argument: A ‘Contact Sport’ For Nerds?
(DBN)

Planning Your Law Firm: Projecting Income and Efficiency
(DBN)

The selection of federal bankruptcy judges is a credit to the federal courts
(DBN)

Justice Thomas “devises plays” for the Nebraska Cornhuskers?
(DBN)

Judicial ‘Pepsi Challenge’ fails
(DBN)

Judge Pays Tribute to ‘Tony Soprano’
(DBN)

______________

Wall Street:

Stocks: Starting the week in the red
(DBN)

Markets Are Falling, Interest Rates Are Spiking Again, And China Got Destroyed
(DBN)

Stocks close higher after two-day plunge
(DBN)

After The Fed Shock, Markets Are Set For More Turmoil
(DBN)

______________

Layoffs:

Marissa Mayer Has Quietly Cut 1,000 Jobs At Yahoo
(DBN)

Central Florida's unemployment rate hits 6.5% in May --- Texas added fewer jobs in May, but annual growth rate remains strong
(DBN)

'Ungrateful' Unpaid Interns Sue Gawker And Nick Denton
(DBN)

Do Unpaid Internships Lead to Jobs? Not for College Students
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Finance:

Goldman Sachs loan runs afoul of 'fatwa,' opponent claims
(DBN)

____________

Trade Shows:

VisionStream files for Chapter 11 bankruptcy
(DBN)

____________

Celebs:

Attorneys want to depose Casey Anthony, her parents, in July
(DBN)

Newton case nearing end --- Bankruptcy Judge In Vegas OKs Newton Estate Deal
(DBN)

Food Network drops Deen amid scandal --- Paula Deen's Awkward Video Apology
(DBN)

The Broke and the Beautiful: BSB Edition
(DBN)

____________

Horticulture:

Stacy's of York files for bankruptcy protection
(DBN)

Our World If Honeybees Disappeared
(DBN)

____________

Theme Parks:

Theme park seen coming to fruition at estate of Wayne Newton
(DBN)

____________

Shipping:

Taiwan shipping firm seeks US bankruptcy protection
(DBN)

New Giant in global collapse
(DBN)

Brazil Batista tries to avoid bankruptcy of OSX unit -paper
(DBN)

____________

Corporate Governance:

Significant Case Finds that the Duty of Care Requires Directors to Ask Questions
(DBN)

____________

Economy:

Stop 'Retarding' Economies With Ultra-Loose Monetary Policy: BIS
(DBN)

Krugman: The Fed May Have Just Made A Historic Mistake
(DBN)

One In Five Americans Aren't Prepared For Financial Emergencies
(DBN)

Yes, The Average American Should Care About 'The Taper'
(DBN)

World's Perfect Storm as Liquidity Dries Up
(DBN)

10 Ways The US Has A Competitive Advantage
(DBN)

U.S. Recovery Searches for Second Gear
(DBN)

WORD FOR WORD: Here’s Exactly What Bernanke Said That’s Driving The Global Markets Crazy
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Cities with the most abandoned homes
(DBN)

Rising Mortgage Rates Are the Least of Buyers' Worries
(DBN)

Consultant Paid More Than $900 Million in Foreclosure Review
(DBN)

High-End Home Loans Stage a Comeback
(DBN)

Bankruptcy thwarts Rancho’s bid to buy Vail Lake property
(DBN)

Tousa's Liquidation Plan Needs Redo, US Trustee Says
(DBN)

Tennessee bankruptcy court ruling could help former homeowners
(DBN)

The truth about paying off your mortgage early
(DBN)

Second-home sales shift to Generation X
(DBN)

Massachusetts foreclosure petitions down 86%
(DBN)

Shelbyville: A Town Without a Monorail or a Debtor Without a Sufficient Interest in Property?
(DBN)

Losses loom for investors enmeshed in U.S. mortgage chaos
(DBN)

____________

Municipalities:

Bond insurer hires new lawyers in California bankruptcy cases
(DBN)

Detroit Classic Cars Not Planned To Be Sold Sale To Satisfy City Debts: Emergency Manager Kevyn Orr
(DBN)

Detroit will be first big city to axe pensions
(DBN)

Detroit's bankruptcy threat turbo-charging progress
(DBN)

As goes Detroit
(DBN)

Rochelle Riley: We unite for art; why not for people?
(DBN)

Interest-rate swap firms could get paid first as Detroit bankruptcy looms
(DBN)

Unions Ask Judges to Rule Cities Can't Declare 'Financial Urgency' Until They Go Bankrupt
(DBN)

Let Detroit go bankrupt ?
(DBN)

Bankrupt California city mulls tax hike to restore solvency
(DBN)

JeffCo makes another sewer debt deal
(DBN)

30 percent -- one time -- sewer rate increase among options discussed for Jeffco customers
(DBN)

Harrisburg, Pa., Sees Gold in the Wild West
(DBN)

____________

Book Reviews:

Bless the Borrowers - 'Debtors' Prison,' by Robert Kuttner
(DBN)

____________

Photography:

Hearings put Kodak on cusp of ending its bankruptcy
(DBN)

____________

Fraud:

Judge rules that Petters 'clawbacks' can go to 1995
(DBN)

Former Enron CEO Jeff Skilling Gets His Prison Term Reduced By 10 Years
(DBN)

Madoff’s Warhol, Matisse, to be Sold to Help Pay Victims
(DBN)

Second Circuit Rejects Madoff Trustee Standing --- Triumph for Banks in Madoff Case
(DBN)

Searching the Madoff List
(DBN)

____________

Skiing:

West Mountain Ski Resort files for Chapter 11 bankruptcy --- Uphill fight for solvency
(DBN)

____________

IP:

Navigating Intellectual Property of Defunct Trading Card Companies
(DBN)

____________

Autos:

GM property abandonment meetings June 25
(DBN)

'Old GM' should move quickly on cleaning up, marketing old sites
(DBN)

Suzuki Faces Possible Air Bag Recall, Complicated by Bankruptcy
(DBN)

Chrysler refinances loans to reduce annual interest rate --- Fiat Said Able to Triple Payout From Chrysler After Refinancing
(DBN)

____________

Corporate Reform:

Admitting Guilt or Heftier Fines? The SEC's Call
(DBN)

SEC Shrugs Over Revlon's Egregious Actions
(DBN)

____________

Aviation:

Plane makers squeeze suppliers as sales soar
(DBN)

____________

Health Care:

Promise of price cut on hospital bills is in limbo
(DBN)

____________

Religion:

Clergy sex abuse victims to see Milwaukee archdiocese files
(DBN)

____________

Personal Finance:

17 Expensive Items That Are Totally Worth The Money
(DBN)

____________

Banking:

Liz Warren's Epiphany
(DBN)

____________

Student Debt:

Officials Target Student-Aid Scams
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

WUSTL law professor warns about tinkering with bankruptcy code
(DBN)

____________

Miscellaneous:

Week Ahead: Kodak Nears Bankruptcy Exit
(DBN)

____________

Bankruptcy Litigation:

Bankruptcy Removal Power Trumps Nonremoval Statutes
(DBN)

____________

Avoidance Actions:

Litigating State Law Fraudulent Conveyance Actions After Bankruptcy
(DBN)

____________

SIPA:

United States Court of Appeals for the Second Circuit Clarifies Limits on the Standing of a SIPA (or Bankruptcy) Trustee to Bring Common Law Claims Against Third Parties
(DBN)

____________

Safe Harbors:

Any Port in a Storm: Safe Harbor for Intermediaries in the Second Circuit
(DBN)

____________

SPEs:

Special Purpose Entities: What Recourse Does A Lender Have When SPEs Are Consolidated Pre-Bankruptcy? … Maybe None
(DBN)

____________

Professional Compensation:

Judge Slashes Dewey Fees By $167.76 :-)
(DBN)

____________

TBTF:

Banks Present Own Crisis Plan to Fed
(DBN)

How Vulnerable Are Banks to Another Crisis?
(DBN)

____________

Litigation:

5 Tips to Keep Trial Tech on Course
(DBN)

Patton Boggs Accuses Burford of Betrayal in Chevron Case
(DBN)

____________

Insurance:

Second Circuit Holds That Excess Insurance Coverage Is Triggered By Actual “Payment of Losses,” Not Merely Accrual of Liability
(DBN)

____________

Food/Beverage:

Bankrupt Brown & Cole Blames Wal-Mart
(DBN)

Twinkies are coming back
(DBN)

____________

Mass Torts:

BP wants inquiry into alleged payments to oil spill lawyer
(DBN)

____________

Sovereigns:

Sovereign Debt Crisis Experts Richard Gitlin and Brett E. House Join CIGI as Senior Fellows
(DBN)

____________

UK:

Gossip Girl star files for bankruptcy --- Kelly Rutherford Spent How Much On Her Divorce?
(DBN)

Consultation over bankruptcy legislation plans
(DBN)

Tax evasion cases decline
(DBN)

____________

EU:

Europe unable to break impasse on who pays when banks fail
(DBN)

Croatians no longer happy at joining EU
(DBN)

ECB's Weidmann warns, 'don't count on low rates forever'
(DBN)

____________

PIIGS:

ie: It is up to the banks to finally deliver solutions --- Families in UK bankruptcy bids could lose home --- Bankrupt developer Tom McFeely to face money trail quiz --- Fifty six NAMA debtors, owing total of €8bn, declare as bankrupts --- Gayle confirmed as creditor of husband Sean Dunne, court told --- Ex-Anglo directors deny misleading Central Bank over bank bailout
(DBN)

____________

Canada:

Angst in Oshawa: The foggy road ahead for GM Canada
(DBN)

Dickinson Wright LLP Ramps Up Distressed M&A/Restructuring/Insolvency Practice with Recent Deals
(DBN)

How much should directors and officers of insolvent companies pay for clean-ups?
(DBN)

____________

Germany:

Gisma begins insolvency process with future of school in doubt
(DBN)

____________

Austria:

Austria ups public spending after Alpine goes bust
(DBN)

____________

China:

China's Credit Crunch Signals How Serious Beijing Is About Reform
(DBN)

PBOC Sees 'Reasonable' Liquidity in China's Financial System
(DBN)

The Message From The People's Bank Of China That Sent Stocks Cratering
(DBN)

US factory boss held hostage in China by workers demanding severance
(DBN)

China's Ponzi credit boom faces crunch
(DBN)

____________

Australia:

1000 Australian Finance Jobs Are Sent Offshore Per Month
(DBN)

____________

Brazil:

Creditors in tussle over bankruptcy laws in Brazil
(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