June 6, 2013

The Daily Bankruptcy News

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Law:

8 lawyers defect from Hinshaw & Culbertson to start new Minneapolis office
(DBN)

The Beauty Pageant - Law Firm Marketing
(DBN)

Is weight gain a job hazard for lawyers? Profession is sixth-highest for packing on pounds
(DBN)

Dallas Bankruptcy Attorney Michelle V. Larson Joins Andrews Kurth
(DBN)

Skadden Promotes Restructuring Lawyer To Counsel --- Sarah E. Pierce
(DBN)

Want To Leave the Law and Travel Around the World?
(DBN)

Stealth Lawyer: Eric Mohl, Freelance Photographer
(DBN)

Lawyer charged with causing almost $100K in damage to Vegas hotel suite
(DBN)

Why Things Aren't So Bad for Law Firms After All
(DBN)

The Most Popular Lies on Résumés
(DBN)

Clifford Chance, Covington, Chadbourne: Business of Law
(DBN)

7 Things You Don’t Know About Law School Admissions
(DBN)

Decrease In Law School Applications Now Will NOT Mean A Legal Hiring Boom in 2016
(DBN)

Cooley Law School announces quicker path to a JD
(DBN)

ALJ Finds Law Firm Associate is Statutory Supervisor, Unprotected by NLRA
(DBN)

Are Late Bar Exam Results Crimping Law Schools' Jobs Numbers?
(DBN)

The Most And Least Psychopathic Professions
(DBN)

Rude Bank Robber Admits He Did It
(DBN)

John Edwards 'plans to open a new law firm in North Carolina'
(DBN)

US Attorney is called a ‘traitor’ at event to improve Muslim relations
(DBN)

Attorney’s law license at issue over petition for involuntary mental exam of restaurant proprietor
(DBN)

Once-prominent lawyer dies in apparent suicide; body is found as eviction notice is served
(DBN)

"Oh, you're supposed to be able to handle it. Tell him to f**k off, or whatever."
(DBN)

BigLaw partner is killed; authorities suspect shooter was boyfriend, who also died
(DBN)

Soccer Mom From Fancy Suburb Charged In Multimillion-Dollar Pot Bust
(DBN)

Judge Backs Dying Girl Who Need Lungs
(DBN)

Cops: Man Commits 2 Shootings, 3 Carjackings, 2 Kidnappings in 74 Minutes
(DBN)

Pact With Trial Witness For A Cut Of The Damages Voids $450,000 Award
(DBN)

NSA Collecting the Phone Records of Millions Daily
(DBN)

Lions Save Kidnapped Girl
(DBN)

Love Struck Man Lands Himself in Custody
(DBN)

Say What?!
(DBN)

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Judges:

Texas Judge Allegedly Said Blacks And Hispanics Commit More 'Heinous' Crimes --- Complaint alleges 5th Cir. federal judge Edith Jones is prejudiced, biased
(DBN)

Federal judge calls herself ‘Hulk,’ clashes with prosecutors over info that could extend sentences
(DBN)

Confirmation battles loom over D.C. Circuit
(DBN)

Judge resigns after commenting some girls 'enjoy being raped'
(DBN)

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Wall Street:

US stock futures push higher after Street's rout
(DBN)

Stocks: Bounce back after sharp fall
(DBN)

Dow, S&P 500 dive on rising interest rates
(DBN)

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Layoffs:

Inside Zynga's Layoffs: Employees Held A Boozy, Hoodie-Shredding Party After Being Told They Were Fired --- A Laid-Off Zynga Employee Trashed The Company On Reddit
(DBN)

Massive Decline in Labor Costs
(DBN)

Job Creation Index Hits Its Best Level In 5 Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Irony:

Traceable pallet company seeks bankruptcy, blaming lost product
(DBN)

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Education:

How Teachers Unions Make The Best People Want To Quit Teaching
(DBN)

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Celebs:

Las Vegas crooner Wayne Newton moving from sprawling estate; property bankruptcy near end
(DBN)

Sonja Morgan is 'dragging her feet' in bankruptcy case
(DBN)

The Apprentice 'Rottweiler' Paul Kemsley in US Court over £5m Barclays Debt Claim
(DBN)

Accused Of Hiding Millions!
(DBN)

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Brokers:

MF Global Holdings Ltd. Announces Effective Date for Court Approved Joint Plan of Liquidation--- MF Global Customers May Get 94 Cents on Dollar
(DBN)

CFTC sues US Bancorp unit over Peregrine funds
(DBN)

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Video Games:

Former Rhode Island officials seek cover from 38 Studios fallout
(DBN)

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Pharma:

Who's battling to sponsor K-V's bankruptcy plan?
(DBN)

____________

Aviation:

AMR and American Airlines file a revised disclosure statements and bankruptcy plan of reorganization
(DBN)

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Student Debt:

$1 Trillion Debt Crushes Business Dreams of U.S. Students
(DBN)

Student Loan Debt is Skyrocketing
(DBN)

Fix bankrupt student loan proposals
(DBN)

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Electricity:

SME contractors face bankruptcy over confusing contracts
(DBN)

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Apparel:

Chadwicks of Boston, once the country’s top off-price catalog retailer, attempts a comeback
(DBN)

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Religion:

Stockton Diocese considering bankruptcy
(DBN)

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Economy:

ADP says 135,000 private jobs gained in May
(DBN)

US Stocks Fall on Stimulus Bets Amid Jobs, Factory Data
(DBN)

Fed report finds economy improving more slowly
(DBN)

Beige Book: Manufacturing Expands in Most Districts
(DBN)

Report: Entitlement changes to put seniors at financial risk
(DBN)

Fisher: Fed Stimulus is Monetary Cocaine
(DBN)

May Credit Managers' Index 'Especially Positive'
(DBN)

The Rich Get Even Richer in Post-Recession Recovery
(DBN)

Euro gains as ECB seen on hold, Fed worries linger
(DBN)

Coming Food Stamp Cuts Spilt Democrats
(DBN)
CBO: US Inequality Will Continue for Decades
(DBN)

Fed Beige Book: Growth Is 'Modest To Moderate' Across Most Of America
(DBN)

UCLA: Dismal Picture of US Economic Recovery
(DBN)

US Services Sector Growth Beats Estimate
(DBN)

14 US Industries That Will Boom In The Next Decade
(DBN)

US worker productivity increases as hourly compensation drops
(DBN)

This Is The Way Blue-Collar America Ends
(DBN)

"Derp" Isn't Going Away
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing hits strong pace in all districts: Beige Book
(DBN)

Farewell 3% mortgage rates --- Home affordability not yet impacted by rising mortgage rates
(DBN)

Uh-Oh: We Already Started Spending Like It’s 2005
(DBN)

Bank Blasted Over 'Wanton' Bad Faith in Foreclosure
(DBN)

Massachusetts foreclosures decline 79% as local laws stall the process
(DBN)

Mortgage applications plummet as interest rates rise
(DBN)

In re MDC Systems, Inc.: 502(b)(6) "Surrendered" to Common Sense
(DBN)

Mastros free; attorney calls extradition ruling ‘bittersweet’
(DBN)

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Politics:

Gov. Christie's Appeal Rises Above Polarized Nation
(DBN)

____________

Autos:

Treasury to sell more GM shares as it winds down stake
(DBN)

GM Share Sale Highlights U.S. Auto Revival as an Economic Pillar
(DBN)

GM Makes Rare Trip From Bankruptcy Back To The S&P 500
(DBN)

Better Place liquidators move to stop U.S., Swiss units from exploiting post-bankruptcy chaos
(DBN)

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Hedge Funds:

Quiet Rebellion Against Hedge Funds
(DBN)

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Tax:

Third Circuit Holds Tax Status Is Not Estate Property; Revocation Cannot Be Avoided
(DBN)

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Municipalities:

Jefferson County Muni Bankruptcy Nears An End
(DBN)

Alabama's bankrupt Jefferson Co. aims to sell $1.89 bln debt
(DBN)

Jefferson County to Turn Deal Into Bankruptcy Plan by July
(DBN)

JP Morgan could see $1.6 billion go down Alabama sewer, report says
(DBN)

What Jeffco's deal to end bankruptcy means for residents
(DBN)

JPMorgan takes Jefferson County to hell and back
(DBN)

Alabama Bankruptcy Deal Calls Attention To Wall Street Abuses
(DBN)

The Lessons Of Jefferson County
(DBN)

R.I. GOP Chair: Default on 38 Studios Bonds, Insurers Will Pay Bondholders
(DBN)

San Bernardino Judge May Appoint Mediator for Calpers Fight --- Judge tells Calpers: 'You've got us in limbo'
(DBN)

San Bernardino bankruptcy process accelerates --- August hearing crucial for bankruptcy bid
(DBN)

In bid to trim legal settlements, Detroit manager takes hard line
(DBN)

Snyder recruited Orr as EM before financial emergency declared in Detroit --- Swirl of news surrounding Detroit emergency manager reveals plans, timeframes and sensitive emails
(DBN)

Detroit's troubles threaten region
(DBN)

State House won't act on bill to protect DIA collection until the fall
(DBN)

____________

Alternative Energy:

Solar shakeout: Bankruptcy strikes twice at Scheuten Solar
(DBN)

____________

Coal:

Patriot Coal's bankruptcy boondoggle
(DBN)

____________

Unions:

NLRB files contempt of court charges against senior facilities attempting to alter union contracts
(DBN)

____________

Fraud:

Ex-SAC Manager Martoma Faces Nov. 4 Insider-Trading Trial
(DBN)

Will the Feds Try to Kill SAC Capital?
(DBN)

Who’s the Idiot Now, Bernie? --- Madoff: Wall Street Scams You Like I Did
(DBN)

____________

Equipment Rentals:

Ahern Rentals, Inc. Announces Plan of Reorganization Confirmed
(DBN)

____________

Storage:

RoboVault’s former owner nailed in $32M judgment
(DBN)

____________

Hollywood:

Supplier of Hollywood Cameras in Loan Default
(DBN)

____________

Banking:

Banks Who Hide the Most from Customers
(DBN)

Undercapitalized Banks Fall to Lowest Level in 17 Quarters
(DBN)

____________

Finance:

Arcapita Creditors Want to Go After Millions in Claims
(DBN)

In Fontainebleau Decision, Eleventh Circuit Confirms that Term Lenders Lack Standing to Enforce Revolving Lenders' Commitment
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Business bankruptcy filings decline 25 percent, institute says
(DBN)

May 2013 Bankruptcy Filing Numbers Continue Trend
(DBN)

Bankruptcy filings decline in May
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Bill on Bankruptcy: Complaint Claims Judge Is a Bigot
(DBN)

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Bankruptcy Reform:

Video: Bankruptcy Reform Commission June 4, 2013 Field Hearing
(DBN)

June 7, 2013 Field Hearing - Witness Statements: Jonathan C. Lipson --- Daniel L. Keating
(DBN)

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Cross-Border:

Chapter 15 Petition Date "Anchors" COMI Analysis
(DBN)

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Claims:

Indemnification Clause In Pre-Petition Lease Gives Rise to Administrative Claim
(DBN)

____________

Public Access:

Public Right to Full Disclosure in Bankruptcy Extends to Rule 2019 Statements
(DBN)

____________

Plan Confirmation:

Driving the Wedge Deeper: Fifth and Ninth Circuits Unite in Refusing to Condemn Artificial Impairment in Cramdown Chapter 11 Plans
(DBN)

Delaware Bankruptcy Court Confirms the Validity of Plan Support Agreements
(DBN)

____________

Consumer Bankruptcy:

Limited Scope Representation: An Issue of Access to the Bankruptcy System
(DBN)

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Recent Pleadings:

"Reasonable Terms and Conditions": Equity Says It's In The Money, Debtors Argue Put Your Money Where Your Mouth Is - Subordinate Committee's Professionals' Fees To All Other Claims
(DBN)

______________

Insurance:

Second Circuit: Excess D&O Insurance Not Triggered When Underlying Carriers Are Insolvent, Even If Loss Exceeds Excess Attachment Point
(DBN)

____________

Food/Beverage:

PACA claimants in good shape in Pro's Ranch Markets bankruptcy
(DBN)

CEDC Reorganization Plan Declared Effective on June 5, 2013
(DBN)

Trash tweeting over delay in plan to buy Tully's
(DBN)

____________

Engineering:

Sale of Birdsall Services Group Approved in Bankruptcy Court
(DBN)

____________

Video Games:

RI GOP chair calls for probe into 38 Studios deal
(DBN)

____________

Fitness:

Meridian Sports Clubs Exits Chapter 11
(DBN)

____________

IP:

4 Steps to Prepare an IP Portfolio for Sale
(DBN)

____________

Trucking:

Class 8 Truck Orders Dipped in May
(DBN)

____________

UK:

The ICM welcomes Insolvency Service announcement and says the real Challenge is yet to begin
(DBN)

Insolvency complaints body launched
(DBN)

Solicitor shot dead by bankrupt businessman, court told
(DBN)

____________

EU:

European Retail Sales Continue to Fall
(DBN)

Cypriot bank seeks bankruptcy for UK "developer"
(DBN)

EU in the Throes of Austerity
(DBN)

____________

PIIGS:

Irish State Did Not Properly Protect Pensions of Former Waterford Crystal Employees --- US road to redemption for Dunne may be a dead end
(DBN)

IMF admits it lowered own standards for Greek program --- IMF On Greece : We Screwed Up But It's Really EU's Fault
(DBN)

____________

Canada:

The Beginning of the End: Standard Disclaimers in Court Reports
(DBN)

____________

France:

French jobless rate climbs to highest level in 15 years
(DBN)

French judge spares Seattle couple from extradition
(DBN)

____________

Germany:

Ugly German Manufacturing Orders
(DBN)

____________

Mexico:

Geo Close to Agreement With Lenders, Working with Rothschild
(DBN)

____________

Australia:

Australian insolvencies hit record for month of April
(DBN)

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