June 28, 2013

The Daily Bankruptcy News

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Law:

MacEwen: Weil Gotshal Layoffs Start of Wave --- Weil rivals cite wind-down of Lehman work as factor behind job cuts --- Leaders of Other Law Firms Question If Weil Layoffs Reflect 'New Normal'
(DBN)

Big Law has a shrinkage problem
(DBN)

Nationwide Layoff Watch: Sixteen Secretaries Sent Packing --- BigLaw firms offering buyouts to secretaries, hit by ‘unforgiving job market
(DBN)

Law Firm Satisfaction, Milbank, Goodwin Procter: Business of Law
(DBN)

Sidley Austin, Venable, Littler, Jones: Business of Law
(DBN)

Don’t run from risk. Grab it.
(DBN)

Best/Worst-Paying In-House Jobs
(DBN)

Reflections on Building a Boutique Firm: Looking Back Four Years Later
(DBN)

The 2013 A-List: The Complete Report
(DBN)

DLA Piper misses targets in Australia, partner drawings cut
(DBN)

Law School Illustrates Everything Wrong With Law Schools and U.S. News Rankings In One Email
(DBN)

At Law School Graduations, Scant Talk About Job Market
(DBN)

Vermont Law School makes more cuts as class size drops
(DBN)

First, let's kill all the law schools: Students taking far fewer LSATs, data shows
(DBN)

Nelson Mandela Did Not Die — Someone Please Tell This Law School
(DBN)

Firm to pay lawyers bonuses if it wrecks their lives
(DBN)

Backlash for lawyer after his cease-and-desist letter prompted snarky response
(DBN)

Prosecutors Detail How NFL Star Aaron Hernandez Allegedly 'Orchestrated The Execution' Of Odin Lloyd --- Report: Hernandez Also Being Investigated In 2012 Double Murder --- Judge Calls Case Against Aaron Hernandez 'A Very, Very, Strong Circumstantial Case'
(DBN)

The Prosecution's Star Witness In The George Zimmerman Trial Is Crumbling On The Stand
(DBN)

How Edward Snowden May Have Botched Blowing The Whistle On The World's Largest Spy Agency --- Obama On Snowden: 'I'm Not Going To Be Scrambling Jets To Get A 29-Year-Old Hacker' --- NSA Collected US Email Records In Bulk For More Than Two Years Under Obama --- The NSA Still Harvests Online Data --- Lawyers Told Bush: Can't Spy on Americans
(DBN)

Navy SEALs’ Parents Sue Biden, Panetta Over Sons’ Deaths
(DBN)

No More H8, Only Love: An AG’s Ninth Circuit Plea
(DBN)

Gay Pennsylvania Representative Prevented From Speaking About DOMA Victory As An Affront To God
(DBN)

Senior Attorneys Openly Revolt Against General Counsel
(DBN)

Slain woman’s family alleges AA meetings point ‘financial, sexual, and violent predators’ to victims
(DBN)

"The Dark, Unseen, Ugly, Shocking Nightmare Vision Of A Prosecutor Who Loves Victory More Than He Loves Justice"
(DBN)

Lawyer held in contempt after skipping traffic trial for real estate closing, gets 2 days and fine
(DBN)

Not The Smartest Way To Express Displeasure With Your Lawyer And The Jury
(DBN)

Here's What The Boston Bombing Suspect Allegedly Wrote Inside A Boat Before His Capture --- Indictment: Boston bombing suspect ran over his brother while a cop was trying to drag him to safety --- Prosecutors Detail How The Tsarnaev Brothers Allegedly Carried Out The Boston Bombings
(DBN)

Bonkers Law Firm Website of the Week: Miss Whiplash Edition
(DBN)

'Breaking Bad' Episode Inspired Gruesome Murder In Tub Of Acid
(DBN)

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Judges:

Another W&L Alum Named to Bankruptcy Court
(DBN)

Juror jailed after deputies say he stole iPhone and cash from courthouse
(DBN)

‘Caddyshack’ gopher techniques make appearance in Florida appellate opinion
(DBN)

How broadcast networks get SCOTUS decisions: ‘The running of the interns’
(DBN)

Scalia predicts the future, once again, in gay-marriage dissent
(DBN)

What it means when Justice Scalia loses it
(DBN)

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Wall Street:

Stock futures rise as Fed panic subsides
(DBN)

Wall St. advances for third day after Dudley comments
(DBN)

The smart money is 'dumping everything that's not nailed down'
(DBN)

Goldman Sachs Sent Its Employees On A Crazy All-Night Scavenger Hunt Complete With Lasers
(DBN)

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Layoffs:

New Jobless Claims Fall to 346,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM Creditors to Mediate Dispute With Elliott, Fortress
(DBN)

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Student Debt:

Rising U.S. college costs get scant attention in loan rate debate
(DBN)

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Autos:

Fiat may buy up and float Chrysler
(DBN)

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Bankruptcy Crimes:

Randallstown Man Sentenced to More Than Seven Years in Prison
(DBN)

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Coal:

Patriot Coal files CBA motion with bankruptcy court
(DBN)

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Economy:

Weekly jobless claims down; personal income and spending up --- Consumer Spending Up 0.3% in May
(DBN)

Dudley says market reaction 'out of sync'
(DBN)

Global shares, bonds gain as fears of immediate Fed exit ease
(DBN)

US CEOs now earn 273 times the typical worker’s pay
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank of America rejects AIG bid to reopen $8.5 billion mortgage accord
(DBN)

Pending homes sales jump in May to highest in more than 6 years
(DBN)

Prepare for a slowdown in housing prices
(DBN)

Average 30-year mortgage rate up to 4.46% --- The Mortgage Rate Surge Is Unlike Anything We've Seen In 26 Years
(DBN)

KB Home Reports Narrower Loss as Revenue Increases 73%
(DBN)

Fifth Circuit gives servicers green light to foreclose without note
(DBN)

GA Keen Realty Advisors Markets Five Industrial Properties of Vertis Communications Pursuant to Bankruptcy Sale
(DBN)

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Corporate Reform:

US Bank to Reimburse Military Members in CFPB Crackdown
(DBN)

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Health Care:

Feds Among Long List Of Creditors In San Diego Hospice Bankruptcy Case
(DBN)

Gray will tap contingency fund to pay hospital, doctor bills left by Chartered
(DBN)

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Brokers:

CFTC files complaint against Jon Corzine, Edith O'Brien for misues of customer funds --- Sues Corzine, Settles With MF Global --- The Complaint
(DBN)

Corzine's Lawyer: 'Unprecedented Lawsuit Based On Meritless Allegations'
(DBN)

Corzine Faces Trading Ban
(DBN)

MF Global's Final Days: 'Total Clusterf----'
(DBN)

MF Global Was Bad
(DBN)

Why It Took Regulators Nearly Two Years To Bring A Case Against Jon Corzine For MF Global
(DBN)

Former New Jersey Governor Jon Corzine's Fall From Grace Is Now Complete
(DBN)

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Chemicals:

OMNOVA Solutions Q2 Profit Down 59%
(DBN)

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Aviation:

American posts $65 million profit in May, CEO says it expects profitable second quarter
(DBN)

Justice Department probing American, US Airways merger
(DBN)

Southern Air's Plan Of Reorganization Confirmed By Bankruptcy Court
(DBN)

10 Insider Secrets To Booking Cheap Flights
(DBN)

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Celebs:

Now Target Is Cutting Ties With Paula Deen --- The Most Scandalous Moments Of Paula Deen's Career --- What Martha Stewart Has To Say About Paula Deen's Downfall
(DBN)

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Municipalities:

Judge halts action in Jefferson County sewer-related lawsuits as county prepares bankruptcy exit plan --- JeffCo approves plan to exit bankruptcy
(DBN)

Jefferson County Settles With Lender Group, Lawyer Says
(DBN)

JeffCo commission's bankruptcy plan includes 40 years of sewer rate increases
(DBN)

Detroit faces exodus of police, firefighters
(DBN)

Detroit emergency manager notifies unions their contracts are expiring; New employment terms could be imposed
(DBN)

Detroit's Retirees Fret About Medicine as Orr Targets Benefits
(DBN)

Heat is on Detroit's Pugh --- EM Moves to Cut Off Salary
(DBN)

Detroit emergency manager steps up pace in city restructuring
(DBN)

Bankruptcy : One year later in Stockton
(DBN)

Stockton: From the ballpark to the former WaMu Building to the marina, over $300M in debt tied to general fund
(DBN)

Spotted Owl Protection Pushes Oregon County Near Insolvency
(DBN)

Pittsburgh Credit Rating Raised by S&P on Fiscal Rebound
(DBN)

State pensions face larger-than-usual funding gap
(DBN)

Emergency Manager Cathy Squires to takeover Hamtramck
(DBN)

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Banking:

Mercantile Bank declares bankruptcy ; sells assets
(DBN)

____________

Tobacco:

Judge OKs hearing delay on proposed Renegade sale
(DBN)

____________

Marinas:

Marinas cite weak economy, dispute in bankruptcy case
(DBN)

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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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Miscellaneous:

Bill on Bankruptcy : Supreme Court Cases Will Have Wide Impact
(DBN)

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Professional Compensation:

Assessing “Reasonableness” of Attorneys’ Fees: A Bankruptcy Court Weighs In
(DBN)

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Jurisdiction:

Supreme Court Will Revisit Stern and the Issue of Consent to a Final Order
(DBN)

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Safe Harbors:

SemGroup Decision Rejects “Workaround” to Safe Harbor Bar
(DBN)

____________

Textbooks:

Cengage Learning Edges Toward Chapter 11
(DBN)

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Corporate Governance:

Men's Wearhouse Fight With Founder Heats Up
(DBN)

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Education:

School Specialty clears bankruptcy
(DBN)

____________

Customer Loyalty:

Moody's lowers Affinion's CFR to Caa2; outlook remains negative
(DBN)

____________

Hollywood:

Rhythm & Hues Gets $5M To Finish Legendary's 'Seventh Son'
(DBN)

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Fraud:

Founder of Brooke Corp. pleads guilty to filing report containing misleading statements
(DBN)

____________

Sovereigns:

Last Tango In Argentina?
(DBN)

Don't Cry for Me Argentine Bondholders: Argentina Seeks Supreme Court Review
(DBN)

____________

UK:

GDP revisions leave UK economy further from recovery
(DBN)

Coventry City poised to exit administration
(DBN)

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EU:

Europe bank rescue plan would hit investors
(DBN)

____________

PIIGS:

Ireland falls back into recession: official data --- The Germans have fallen out of love with the Irish --- Seán Quinn: ‘I’ve apologized to my children for my fundamental mistake’ --- Mocking Germans Adds Insult to Irish Banking Injury
(DBN)

Portuguese unions hold major anti-austerity strike
(DBN)

Collapsing Retail Sales In Greece
(DBN)

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Canada:

Canada's Rona cuts more jobs, closes stores in restructuring
(DBN)

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China:

US CEO Held Captive in China Factory Leaves After Payout
(DBN)

Chinese Tourist Finds And Returns A Bag Of Diamonds Worth $32 Million
(DBN)

China Bad-Loan Alarm Sounded by Record Bank Spread Jump
(DBN)

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Vatican:

Church official arrested in Vatican bank investigation
(DBN)

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Brazil:

How The Brazilian Billionaire Who Wanted To Be The World's Richest Man Saw His Fortune Sink Under A Massive Pile Of Debt
(DBN)

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