March 18, 2013

The Daily Bankruptcy News

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Law:

Can a Biglaw Partner Fix the Big Old Mess… of Detroit ?
(DBN)

SNR Denton Boosts Profits By Trimming Equity Partners
(DBN)

Steptoe, Fasken, Perkins Coie, Porzio: Business of Law
(DBN)

ABA Provides New Resources in Fight for Pay Equity
(DBN)

Sidley Austin LLP Announces Participation with Lean In --- ' Lean in '? For Millennials, the question is what are we leaning toward --- Working women respond to Sandberg's ' Lean In ' revolution --- Erin Callan: I Want To Be A Cautionary Tale — Don't 'Lean In' The Way I Did
(DBN)

The Second Step in Leaving Law Behind – Cut Your Losses
(DBN)

A Conversation with Herb Thomas
(DBN)

The In-house Bar Challenges Excessive Fees for Contract (“Temp”)Lawyers in Citigroup Securities Litigation --- In-house lawyer group objects to $100 mln Citigroup fee
(DBN)

Five Winning Law Firm Business Development Strategies
(DBN)

Attorney Suspended For Conduct As An Arbitrator
(DBN)

After physical confrontation with campus protesters, adjunct law prof loses teaching duties
(DBN)

Emory law students bring bankruptcy fight to Supreme Court
(DBN)

Law Schools and Other Shameless Schemes
(DBN)

The Best Law Schools For Getting Rich Quick
(DBN)

University of Oregon Law Professor Snatches Camera from Student Protester
(DBN)

The Law Graduate Debt Disaster Goes Critical
(DBN)

France's 'Most Powerful Lawyer' Found Dead Near His Private Island
(DBN)

Colleagues mourn NY courts lawyer who died in suicide leap with son --- 13-Page Suicide Note Left By Mother/Lawyer Who Jumped With Baby --- In Defense of the Suicidal Columbia Law Mother
(DBN)

Do As I Say, Not As I Do: NY Legislator Against Legalized Pot Arrested For . . . Pot Possession
(DBN)

Passenger's body found in elevator shaft at Tampa airport
(DBN)

Chicago lawyer owns popefrancis.com domain name, hopes to donate it to church
(DBN)

Accused ringleader in scam that bilked $70M from law firms has taken plea
(DBN)

Jury convicts IRS worker of masterminding bogus tax refund scheme
(DBN)

Can’t We Get All Alabama Football Fans Declared Legally Insane?
(DBN)

Man asks to see shotgun at sporting goods store, kills self in bathroom
(DBN)

9-year-old charged in McDonald's armed robbery, carjacking
(DBN)

Woman holds 'Lying Cheating Sale' to sell all her husband's stuff while he's 'gone with his floozie'
(DBN)

Say What?!
(DBN)

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Judges:

Two female Supreme Court Justices on the bestseller list
(DBN)

NC: Bankruptcy court needs two judges
(DBN)

US Sen. Warren names judicial nominee review panel
(DBN)

Judge is tossed from Whitey Bulger case in appellate opinion by Souter
(DBN)

Traffic Court Judge Brings Federal Suit Against Pa. Supreme Court
(DBN)

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Wall Street:

Cyprus bailout roils US stock futures
(DBN)

Markets Dive All Around The World Thanks To Tiny Cyprus
(DBN)

Dow retreats after 10-session win streak --- Dow's winning streak: 10 days. The meaning: Nothing
(DBN)

Traders braced for stockmarket turbulence amid bailout chaos in Cyprus
(DBN)

High-Frequency Firms' Wash Trades Need US Review, Chilton Says
(DBN)

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Layoffs:

Millennials Are Way Too Immature At The Office

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

America’s Dirtiest Coal Company
(DBN)

Peabody Energy slams Patriot Coal after lawsuit over retiree benefits
(DBN)

Expert: Patriot Bankruptcy Outcome Could Leave Lasting Effects on Coal Industry
(DBN)

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Defense:

Small Defense Firms Die, Bigs Pivot
(DBN)

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Aviation:

UST challenges outgoing AMR CEO's severance --- U.S. Trustee objects to merger proposal because of management compensation
(DBN)

Analyst: Bankruptcy has been good to AMR investors
(DBN)

Air traffic tower closures will strip safety net
(DBN)

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Personal Finance:

Simple Household Tips That Will Save You Thousands Of Dollars
(DBN)

Make Your Savings Last into Your 90's
(DBN)

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Health Care:

Judge frees hospital foundation funds
(DBN)

Rotech Healthcare Says It Will Restructure in Bankruptcy
(DBN)

Brown Medical Center Announces Restructuring Plan, Names CRO
(DBN)

Hospital lay offs, pay cuts and hiring freeze; CEO blames reimbursement rates
(DBN)

Brooklynites Fight Brooklyn Hospital Merger
(DBN)

Rotech Healthcare Reaches Agreement in Principle with Its Major Debtholders on Debt Reduction and Restructuring
(DBN)

MRI Costs $1,080 in America, $280 in France
(DBN)

So you want to buy a hospital…
(DBN)

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Dairy:

Creditor supports sale of bankrupt Golden Guernsey
(DBN)

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Brokers:

Details emerge from MF Global bankruptcy plans
(DBN)

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Financial Literacy:

States Focus on Debt Collection Education this Week
(DBN)

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Food/Beverage:

U.S. Cane-Sugar Processors Seen at Risk of Default on Price Drop
(DBN)

United States Bakery Said to Win Bid for Hostess Breads
(DBN)

The Broke and the Beautiful: Twinkie Edition
(DBN)

Hostess Fights Objections Ahead of Asset Sales
(DBN)

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Compensation:

Third Wave of Exec-Pay Suits Roils
(DBN)

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Student Debt:

CFPB needs aid on student loans
(DBN)

Regulating the Repo Man
(DBN)

Why It's Hard to Modify or Refinance Student Loans
(DBN)

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Shipping:

Top German players join growing push to 'park' insolvent tonnage
(DBN)

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Symphonies:

Nashville Symphony seeks deal on debt with lenders
(DBN)

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Economy:

Fed to hold course on stimulus despite debate over risks
(DBN)

Fed sent record $88.4 billion profit to Treasury last year
(DBN)

The US Could Face Another Brush w/Default
(DBN)

Consumer sentiment falls, but autos a bright spot --- Consumers Angrier with Feds Than Ever
(DBN)

NY Fed manufacturing grows in March, but pace slows
(DBN)

Young Adults Worse Off Than Parents
(DBN)

CEOs See Rise in Capital Spending
(DBN)

CPAs Express Wide Optimism Gap
(DBN)

Factory Data Highlights Economic Momentum
(DBN)

Fitch: Global Economy Lags Financial Recovery
(DBN)

Paul Ryan's $5.7 Trillion Magic Trick --- The 2 Most Magical Numbers in Paul Ryan's Magical Budget --- No, Paul Ryan hasn’t proposed a $400,000 tax cut for millionaires --- Paul Ryan doesn’t like to talk about his actual budget cuts
(DBN)

Restricted access to consumer credit slowing down U.S. recovery
(DBN)

The Countries Sitting On The Biggest Piles Of Gold
(DBN)

How young people are getting poorer
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank of America changes horses in MBIA's MBS case
(DBN)

Judge says Allstate can pursue mortgage cases against three banks
(DBN)

Judge says foreclosure law firm misused law to get fees
(DBN)

Sacramento Home Prices Up 24.5% Over 2012
(DBN)

The Florida housing market is on fire
(DBN)

Coming Back to Life: The Housing Market’s Vital Signs
(DBN)

17 American Cities Where Foreclosures Are A Serious Problem
(DBN)

Updated Table of Short Sales and Foreclosures for Selected Cities in February
(DBN)

Why Twenty-Somethings Aren't Doomed to Be Poor (but Thirty-Somethings Might Be)
(DBN)

5 Defunct Developers Who Went Out With a Bang
(DBN)

IRS Eying Builder Mike Hill After Bankruptcy
(DBN)

HI: Judge: No bankruptcy protection for mortgage couple
(DBN)

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Fraud:

Plaintiffs Counsel Defend Fee Request in Madoff-Related Settlement
(DBN)

Steve Cohen's Hedge Fund To Pay Over $600M To Settle Insider Trading Charges --- Divided Views of SAC Capital Settlement
(DBN)

Obama Said to Weigh DeMarco Replacements as Fannie Mae Regulator
(DBN)

SAC Criminal Probe May Speed Up With SEC Allegations
(DBN)

Indicted Louisiana investor had bankruptcy filings in 2001 and 2011
(DBN)

Levin Committee report makes fraud case for JPMorgan shareholders --- At JPMorgan, Big Losses Distorted Reality
(DBN)

$7 Billion Swindle: Investors Only Likely To Get 1 Percent Of Their Monies Reimbursed
(DBN)

Officials: Fla. lawyer at center of $300M scheme
(DBN)

Government seizes individuals' real property it says were purchased with commingled Ponzi money - Fed judge overrules: "absurd contortion" of forfeiture law
(DBN)

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Municipalities:

Where to find the cash to help fix Detroit? --- Emergency Manager begins work March 25th --- EM Orr plans to start with quick fixes --- Detroit's New Emergency Manager Keeps Bankruptcy Card In His Deck --- Won't rule out bankruptcy --- Michigan governor defends Emergency Manager power grab: I’m the elected official responsible --- Felix Rohatyn Explains Why Detroit May Go Under --- S&P Upgrades Detroit Outlook To 'Stable' --- Detroit emergency manager Kevyn Orr described as 'loyal Wolverine' and University of Michigan law school grad --- Newly Hired Detroit EFM Has Some Financial Issues Of His Own --- Orr: 'It's on me,' liens "remarkably embarrassing" --- Detroit's new EFM Kevyn Orr says he has taken care of tax liens against his Maryland home --- Detroit's new EFM says he's ready for challenge -- and criticism --- Detroit Financial Manager : I'm Used To Being Hated --- Detroit manager warns against bankruptcy --- Orr, Snyder "Let It Rip" following EFM appointment --- Detroit's messiah says: 'we can rise from the ruins' --- Relevance of Detroit officials in manager's hands --- Rachel Maddow Says Choice In Michigan Appears to be 'Dictatorship over Dysfunction' --- Strong Criticism Emerges After Detroit Manager Is Named --- Detroit City Council declines to file lawsuit --- Detroit protesters vow unrest over emergency manager
(DBN)

Fitch: Uncertainty Remains for Detroit's Bondholders
(DBN)

Furloughs increase Calif's long-term costs
(DBN)

Bankrupt Alabama county eyes debt cuts topping $1 billion
(DBN)

Alabama lawmaker proposes Jefferson County tax
(DBN)

Racism Helps Create Fiscal Distress, Ex-Harrisburg Receiver Says
(DBN)

Stockton avoids bankruptcy stigma for now
(DBN)

Clawback legislation heads to governor
(DBN)

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Directories:

Dex One, SuperMedia file for Chapter 11 --- File To Complete Merger
(DBN)

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Weapons:

U.S. company's bankruptcy leaves behind cache of weapons
(DBN)

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Autos:

How America's Coolest Automaker Crashed So Hard, So Fast
(DBN)

Fisker Founder: It Would be Wrong to Stay
(DBN)

Gilbert Auto Group files for Chapter 11
(DBN)

Feds: No More Auto Loans Despite Funds
(DBN)

Ally Reduces Credit Facilities for Auto Loans to $11 Billion
(DBN)

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Celebs:

How Broke and Desperate Is Casey Anthony? --- Casey Anthony in Bankruptcy , Offered $10,000 To Never Sell Story
(DBN)

Casey Anthony Bankruptcy: Anthony Fights Gonzalez Over New Finance Disclosure Requests
(DBN)

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Corporate Reform:

Elizabeth Warren: St. Patrick drove snakes out of Ireland...to Wall Street --- Elizabeth Warren says U.S. economy succeeds only with government regulation
(DBN)

Ten Questions For Richard Cordray
(DBN)

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Banking:

Fed Approves 14 of 18 Bank Capital Plans
(DBN)

Ex-Exec: Dimon Withheld Data from Feds --- Dimon: Cover Up Always Worse Than the Crime
(DBN)

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Pensions:

Repairing a Pension Plan
(DBN)

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Accounting:

Restatements by Accelerated Filers Shoot Up
(DBN)

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Ethanol:

Days of Promise Fade for Ethanol
(DBN)

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Religion:

How Rich is the Catholic Church?
(DBN)

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Alternative Energy:

Why We Need More Solar Companies to Fail
(DBN)

US Solar Installations Up 76% in 2012
(DBN)

Suntech 'could be sued' over $541m in unpaid bonds --- Why Suntech’s aggrieved bondholders have little chance of getting their money back
(DBN)

Chinese solar giant cuts deal with bondholders and avoids bankruptcy—for now
(DBN)

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Mass Torts:

BP cries foul at "fictitious" spill claims
(DBN)

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Bankruptcy Crimes:

Iowa man pleads guilty to fraudulent schemes
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (61 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Bankruptcy Reform:

Bankruptcy Reform Commission Field Hearing 3/14/2013 (Video)
(DBN)

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Bankruptcy Bonuses:

AMR CEO Horton’s $20 Million Severance Draws Objection
(DBN)

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Miscellaneous:

Week Ahead in Bankruptcy : ResCap, Arcapita and Eastman Kodak
(DBN)

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Secured Debt:

Secured Lender Only Entitled To Secured Claim For Actual Fees, Not Contractual Fees, After Foreclosure
(DBN)

Fifth Circuit Affirms Ruling That "The Loan Has Been Paid!!!;" Rejects Stern and Jurisdictional Defenses
(DBN)

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Avoidance Actions:

“Show Me the Money (or Money’s Worth)” — Divided Court of Appeals Finds New Value Defense Protects Surety’s Use of Loan Proceeds
(DBN)

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Personal Bankruptcy:

Means Testing: Updated Census Bureau Data
(DBN)

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Recent Pleadings:

UST Slams AMR Severance Plan: Newco Schmooco
(DBN)

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TBTF:

Keating says ending “too big to fail” would hurt the economy
(DBN)

Dallas Fed president: No banks too large to fail
(DBN)

Fisher: To Big to Fail Banks Are Crony Capitalists
(DBN)

Fed's Fisher Says Too-Big-to-Fail Banks Should Be Shrunk
(DBN)

Fed Sends Ally Financial Back to the Drawing Board
(DBN)

JPMorgan Report Piles Pressure on Dimon in Too-Big Debate
(DBN)

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Insurance:

D&O Rates on the Rise as Insureds Ask More Coverage Questions
(DBN)

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Golf:

Bankruptcy may sink golf course operator
(DBN)

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Sovereigns:

Moody's downgrades Argentina's foreign law bonds --- Moody's kick in the teeth for Argentina
(DBN)

Argentina : Trouble and strife
(DBN)

Survey names debt derivative as riskiest financial product
(DBN)

Creditors Concerned about Agreement Between Cuba and Russia
(DBN)

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UK:

PPF founding head of restructuring and insolvency steps down
(DBN)

Lehman clients in line to recoup £1bn
(DBN)

Cash machines emptied across Cyprus and 60,000 British savers face losing millions
(DBN)

HMV And Blockbuster 'Owed £490m'
(DBN)

Tory lord Johnnie Corbett faces bankruptcy over £50,000 debt
(DBN)

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EU:

Europe Announces Stunning Bailout For Cyprus --- Cyprus central bank forbids banks to make bank transactions and payments --- Cypriots stunned --- The 'rescue package' designed to destroy the economy --- Cyprus: A Brutal Lesson in RealPolitik --- Cyprus as Precedent: Will There Be Bank Runs Elsewhere? --- The Great EU Bank Robbery --- New Deal for Cyprus? Authorities in Talks --- Cyprus Bailout: What Happened to Absolute Priority? --- Bank Depositors To Get Instant 10% Tax Before Banks Reopen This Week --- Cyprus Bailout Risks Europe Bank Runs --- Can Cyprus tax all bank deposits 10%? A look at the deal and potential problems --- Cyprus parliament delays vote on bank deposits tax --- Europe Just Pissed Off A Whole Bunch Of Russian Mobsters And Oligarchs With Its Stunning Bailout Of Cyprus --- Cyprus President: Nation Faces Total Financial Collapse And Euro Exit Without Bailout --- The Meaning of Cyprus ---Small Depositors Are Getting Hit Because Cyprus Didn't Want To 'Price Themselves Out Of The Laundry Business' --- Germany would have protected insured deposits: Schaeuble --- Troika are 'vindictive and neo-colonial' --- Krugman --- The Cyprus precedent --- Report: Germany Told Cyprus They Could Tax Their Depositors, Or Leave The Eurozone --- Russian deposits in Cyprus face tough hit --- Cyprus Eyes Russian Aid --- Economist Slams The Cyprus Bailout --- Europe Braces for Renewed Turmoil as Cyprus Deposit Levy at Risk --- Cyprus: key stages in island's financial crisis --- The Stunning Bailout Of Cyprus Is A Reminder Of Who's Really In Charge --- Cyprus Bailout 'Disaster' Risks New Euro Crisis
(DBN)

IMF: Eurozone Banks Are In Trouble, Trample Taxpayers and Democracy To Bail Them Out!
(DBN)

Deutsche Bank: 'Only Jesus can save Eurozone'
(DBN)

6 Tough Lessons That Germany Just Taught The Rest Of Europe
(DBN)

Goldman: Now Everyone With Deposits In Euro Zone Banks Has To Worry About A New Wealth Tax
(DBN)

S&P Warns on Explosive Eurozone
(DBN)

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PIIGS:

A Poll From Italy That Should Terrify Europe --- Italy parliament elects speakers as tensions continue --- Bank of Italy instructs banks to avoid bonus, dividend pay-outs
(DBN)

Spain: Thousands against the 'European Union of markets'
(DBN)

Creditors circle IBRC over €1.8bn loss
(DBN)

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Germany:

Federal Supreme Court decides on validity of insolvency-related termination clauses
(DBN)

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Netherlands:

Moody’s downgrades three Dutch banks citing future economic difficulties
(DBN)

Largest Dutch banks required to hold up to five percent additional capital
(DBN)

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India:

India bank head urges US-style bankruptcy
(DBN)

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China:

Moody's Sees Defaults as PBOC Warns on Local Risks
(DBN)

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Australia:

Tinkler says assets controlled by wife
(DBN)

Ambitious Sun King falls from grace
(DBN)

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Japan:

Tepco Faces Growing Suit by U.S. Troops Over Radiation Exposure
(DBN)

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Grenada:

Grenada to commence discussions with creditors on the restructuring of its public debt
(DBN)

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MENA:

Egyptians Turn to Vigilante Justice as Economy Worsens
(DBN)

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