June 3, 2013

The Daily Bankruptcy News

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Law:

Judge Okays Davis Settlement in Dewey Bankruptcy
(DBN)

The 2013 Am Law 200: A ‘Hiring Binge’ Hangover
(DBN)

200 Richest Firms, K&L Gates, Locke Lord: Business of Law
(DBN)

Legal Practice Area Awards 2013 --- Country and State Awards 2013
(DBN)

Kodak Bankruptcy Filings Reveal $1,000-per-hour Rates
(DBN)

Merger Madness: Norton Rose and Fulbright Become One
(DBN)

The ‘Biglaw Partner Compensation’ Is Too Damn High
(DBN)

The 2013 Appellate Hot List
(DBN)

The Recorder 25: State Is Golden Again for Many Firms
(DBN)

Norton Rose Fulbright sets out top team as $2bn mega-merger goes live --- 25 per cent of governance roles assigned to US partners
(DBN)

Eversheds shakes up key management roles following restructuring
(DBN)

Associates face long road to the top as partnership track lengthens
(DBN)

Assassins Aim to Reinvent Big Law
(DBN)

10 Questions with Gary Sasso of Carlton Fields
(DBN)

5 habits of successful law firm social media managers
(DBN)

Apple, betrayed by its own law firm
(DBN)

See-Through Billing
(DBN)

Mommas, Don't Let You Kids Grow Up To Be Grow Up to Be Cowboys
(DBN)

High above Pennsylvania Avenue, a law firm waits for ducklings
(DBN)

Law school applications continue to slide
(DBN)

Cambridge shocks students with X-rated criminal law exam paper
(DBN)

U of L law school is ranked as the most efficient in the country
(DBN)

27-Year-Old Lawyer Who Admitted To Prostitution Faces Disciplinary Board
(DBN)

Women Busted After "Bucket List" Theft Of Swimsuits, Beef Jerky From Walmart
(DBN)

3 Things To Do If You're Arrested In Mexico
(DBN)

Tennessee U.S. Attorney Under Fire For Suggestion That Offensive Speech May Violate Federal Law
(DBN)

While Oprah Is At Harvard, She Might Want To Retain Some Lawyers
(DBN)

Singapore ex-law professor gets jail for sexual favors
(DBN)

Due to client’s ‘surreptitious’ removal of file, law firm prevails on malpractice claim
(DBN)

Is It Easier to Quit Law School After a Sex Change?
(DBN)

Prank Resulting In 2 NFL GMs Talking To Each Other Results In Up To 5 Years Of Prison, $500k Fine
(DBN)

13 iPhone Apps That Will Make Your Life Better
(DBN)

Blaming the Baby Boomers; Do young children believe that ideas can be owned?
(DBN)

$36 an hour is average pay for law firm paralegals, survey shows
(DBN)

California Man Charged With Murder In Pit Bull Attack
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

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Judges:

Dorsey lawyer replacing retiring bankruptcy judge
(DBN)

‘All the judges do it,’ says jurist of comments she made to new judge on her former case
(DBN)

Underneath Their Robes: Political Grandstanding?
(DBN)

Monsoon Inside Florida Courthouse
(DBN)

Advisory committee weighs in on judges' Facebook friendship
(DBN)

Get Me to the Courthouse on Time: Or, I'll call in a bomb threat
(DBN)

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Wall Street:

Stock futures signal gains
(DBN)

Stocks take late tumble
(DBN)

23 Cringeworthy Things Wall Streeters Said They Probably Wish Were Never Made Public
(DBN)

The 12 Smartest People On Wall Street
(DBN)

Reuters Editorial Slams Wall Street
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

The High Cost of Unemployment
(DBN)

The Coolest Jobs of 2013
(DBN)

How Did Work-Life Balance In The US Get So Awful?
(DBN)

The Real Truth About The STEM Shortage That Americans Don't Want To Hear.
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Revel restructuring plan approved
(DBN)

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Celebs:

Fortune turns as Minor declares bankruptcy
(DBN)

Halsey Minor's Art Addiction Helped Drive Him To Bankruptcy
(DBN)

'He Isn't Required Like Middle America To Pay His Debts'
(DBN)

The Broke and the Beautiful: Joe Francis Redux Edition
(DBN)

Bankruptcy judge mulling issues in Casey Anthony defamation cases
(DBN)

Sly Stone's Financial Downfall Detailed in Court Ruling
(DBN)

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Aviation:

Attention, retirees: AMR, American Airlines file revised plan of reorganization, disclosure statement
(DBN)

American Airlines' creditors approve company's reorganization plan
(DBN)

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Agriculture:

Anderson Seed insolvency case hits one-year mark
(DBN)

____________

Food/Beverage:

Pro's Ranch Markets Files Chapter 11
(DBN)

____________

Hotels:

Deed to Deerfield Beach hotel voided as fraud, bankruptcy dismissed
(DBN)

____________

Banking:

Quantity Over Quality in Bank Profits
(DBN)

Capitol Bancorp founder: 'Nobody lost more than I did'
(DBN)

____________

Economy:

Consumer spending fell in April; first drop in nearly a year
(DBN)

Consumer confidence on the rise
(DBN)

No, The American Consumer Is Not Back
(DBN)

Real Wages Decline Again
(DBN)

Fed 'Tapering' Won't Butcher Bondholders
(DBN)

Top US tax breaks to cost $12 trln over decade, benefit wealthy-CBO
(DBN)

The 4 worst tax breaks
(DBN)

Bernanke Offers '10 Suggestions' to Princeton Seniors
(DBN)

Will US workers ever be able to retire?
(DBN)

Going broke? Medicare insolvency pushed back 2 years to 2026; Social Security looking at 2033
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

_____________

Real Estate:

What Comes After Stay Relief: The Disappearing Deficiency Claim (Round 1)
(DBN)

CFPB names states with most mortgage complaints
(DBN)

Rising Mortgage Rates
(DBN)

The Subprime Mortgage Market Is Heating Up Again
(DBN)

Cabi Developers sells Miami Beach office building out of bankruptcy
(DBN)

Issues linger with CFPB ability-to-repay
(DBN)

Lloyds UK successfully unloads US RMBS
(DBN)

What’s Inside the Government’s Deal With Citigroup?
(DBN)

BofA $8 Billion Mortgage Deal Before Judge After 2 Years
(DBN)

____________

Municipalities:

Free Press Plays 'What Can Detroit Earn By Selling . . .'
(DBN)

If Detroit sells its art collection, what's next?
(DBN)

The man who once saved New York City from bankruptcy explains why Detroit may go under
(DBN)

If a state law can't save the DIA, here's what might
(DBN)

Stockton: Scathing criticism for ex-city leaders
(DBN)

Two California cities' finances hinge on ballot questions
(DBN)

"Critical month" for Jefferson County
(DBN)

Jefferson County faces judge this week; may announce deals to help end bankruptcy
(DBN)

26 Reasons Why Chicago Is The Most Depressing Big City In America
(DBN)

Job Piracy Marches On
(DBN)

Local Governments and Securities Litigation Risk
(DBN)

Wall Street Journal Goes Absolutely Ballistic Over New York’s New Bike Share Plan
(DBN)

Insolvency Without a Capital Account: The Weak Foundations of Municipal Bankruptcy
(DBN)

____________

Photography:

Kodak offers $49M trust for environmental issues
(DBN)

Report: Kodak shows some signs of profitability
(DBN)

____________

Corporate Governance:

Chancery Applies Business Judgment Rule to Freezeout by Majority Shareholder
(DBN)

____________

Student Debt:

Class of 2013 choking on student debt
(DBN)

Making Money on Our Kids
(DBN)

Student Loan Debt Is a Beast. Here Are Elizabeth Warren's, President Obama's, and the GOP's Plans to Fix It.
(DBN)

Obama, congressional Republicans spar over student loan solution
(DBN)

Sallie Mae: Reminiscent Of Fannie And Freddie?
(DBN)

____________

Coal:

Corporations Will Likely Follow Patriot to Ax Retirees
(DBN)

W.Va.: The Enron state
(DBN)

4,000 or more expected for UMWA rally
(DBN)

____________

Financial Literacy:

Take The Personal Finance Quiz That 86% Of Americans Flunked
(DBN)

____________

Bankruptcy Crimes:

CP businessman admits guilt to lying about income, taxes
(DBN)

____________

Health Care:

Universal Health Care real estate hits the market
(DBN)

As hospital faces merger, bankruptcy , fear pervades
(DBN)

Layoffs Loom at Jordan Hospital as Floors Close
(DBN)

The shocking truth about Obamacare’s rate shock
(DBN)

____________

Autos:

Investor seeks court-ordered mediation in GM Trust suit --- GM Trust Suit Needs Court-Ordered Mediation, Paulson Says
(DBN)

Can solar entrepreneur Abramowitz save Better Place?
(DBN)

Auto Sales Power Ahead After April Stall
(DBN)

____________

Tax:

88 IRS Workers Targeted in Probe
(DBN)

Firms Save Billions on Treasury Tax Loophole
(DBN)

Swiss Seen Passing U.S. Bank-Tax Law to Avoid Worse Fate
(DBN)

____________

Mass Torts:

Third Circuit Upholds Dismissal of Asbestos Suits
(DBN)

Pittsburgh Corning's asbestos legal woes grinding on
(DBN)

BP Well Leaders Seek Dismissal of Charges in Gulf Spill
(DBN)

____________

Fraud:

Boies Gets a Rematch in Megabucks Citigroup Fraud Case
(DBN)

Court tries to reach deals with NC Ponzi 'winners'
(DBN)

____________

Finance:

Felix Salmon Smackdown Watch, Cov-Lite Edition
(DBN)

____________

Corporate Reform:

US Pulls Barclays into Money Laundering Probe
(DBN)

Mum's the Word About SEC Defeats
(DBN)

CFPB exodus: Brain drain or growing pains?
(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 (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (47 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)

______________

Miscellaneous:

Week Ahead in Bankruptcy : AMR, Getty and Atari
(DBN)

____________

Recharacterization:

Ninth Circuit Overrules Longstanding (But Questionable) Bankruptcy Appellate Panel Precedent to Allow Bankruptcy Court to Re-Characterize Debt as Equity
(DBN)

____________

Avoidance Actions:

It’s Tough to Justify a Non-Ordinary Payment… At Least in the Southern District of New York
(DBN)

____________

TBTF:

A.I.G. Ends Suit Against New York Fed Over Losses
(DBN)

Treasury Changes Ally Financial's Board Lineup
(DBN)

Too Big To Fail in the Dodd-Frank Era
(DBN)

____________

Utilities:

US Bentonite secures power after bankruptcy
(DBN)

____________

Bonds:

Trouble Piling Up in Junk Bond Market
(DBN)

JP Morgan Chase's $5bn Bet Against Bonds
(DBN)

Minority bondholders given ammunition to fight back
(DBN)

____________

Equipment Rentals:

Ahern Rentals, Inc. Announces Pricing of Upsized Private Offering of $420,000,000 9.50% Senior Secured Notes
(DBN)

____________

Skiing:

Fee dispute could delay Snö Mountain bankruptcy proceedings
(DBN)

____________

Hedge Funds:

SAC Braces for $3.5 Billion in Redemptions: Report
(DBN)

Investors flee SAC Capital
(DBN)

____________

Tobacco:

Renegade Tobacco may get French buyer after all
(DBN)

Cigarette-smuggling case forces Lancaster County wholesaler into bankruptcy
(DBN)

____________

Sovereigns:

Insolvency: When countries go broke
(DBN)

____________

UK:

Business insolvencies stabilize at 0.08% from Feb-April - first time since 2007
(DBN)

Scottish insolvency numbers more than halved
(DBN)

Pensioners facing bitterness and bankruptcy in retirement as debt levels soar
(DBN)

Retailers' tax bill up 65%
(DBN)

Rangers legend Gordon Smith declared bankrupt after stacking up debts of £644,411
(DBN)

Former football chief blames losing his job at Rangers for bankruptcy
(DBN)

Private equity firm pays Dreams' creditors
(DBN)

Insolvency Firms May Face Legislation Change
(DBN)

____________

EU:

EU Unemployment Rate His New Record High
(DBN)

Backlash: Europe Forced to Soften Budget Cuts
(DBN)

Europe Shows Some Signs Of Life
(DBN)

Bankruptcy jurisdiction should stay with original state
(DBN)

Cyprus issues injunction to freeze ex-Laiki execs assets
(DBN)

CEO Sees More European Refineries Closing in Coming Years
(DBN)

Euro zone factory slump eases, Asia's momentum slides
(DBN)

____________

PIIGS:

Anti-austerity protests: Spain, Germany, Portugal
(DBN)

Dunne's bankruptcy case may be held in Ireland and US --- 'Born-again bankrupts' seek fresh starts in UK and States
(DBN)

Unemployed Italians Turn To Illegal Recycling
(DBN)

JPMorgan Didn't Like This Bloomberg Story That Compared The Bank's Interest Rate Swaps To Nazis
(DBN)

US buyout firms eye distressed Spanish property portfolio
(DBN)

____________

Canada:

Creditors of resort owner to meet
(DBN)

____________

China:

China Manufacturing Tops Estimates in Sign Growth Is Stabilizing
(DBN)

____________

Switzerland:

'Not Swiss National Bank's job to rescue insolvent banks' - chairman
(DBN)

____________

India:

No More Mr Nice Guy: Indian Bankers Suit Up For War On Debt Defaulters
(DBN)

India Has Worst GDP in a Decade
(DBN)

What's the matter with India?
(DBN)

____________

Russia:

Russia's top court to hear Khodorkovsky's appeal
(DBN)

____________

Turkey:

DAY 4: Anti-government protests spread across Turkey --- Culture wars explode on streets
(DBN)

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