March 27, 2013

The Daily Bankruptcy News

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Law:

Biglaw's embrace of partner de-equitizations and layoffs
(DBN)

Overbilling Gone Wild: Paying the (DLA)Piper (Plus interesting lateral moves into and out of DLA.)--- DLA Piper Calls E-Mails Cited in Lawsuit an 'Offensive' Attempt at Humor --- DLA Piper issues memo about legal fee controversy
(DBN)

Greenberg Traurig Names New Bankruptcy Partner In Wilmington
(DBN)

Kasowitz bid for $7M success fee is nixed by top NY court
(DBN)

Drinker Biddle, Duane Morris, DLA Piper: Business of Law
(DBN)

New study shows rising prominence of lawyers in corporate CEO roles
(DBN)

A new breed of law firm mergers is sweeping the market. But are these firms truly integrated, or just glorified alliances?
(DBN)

Former Bankruptcy Lawyer Channels Nikki Maxwell in Dork Diaries
(DBN)

Dewey Alum Tapped as Managing Partner of Patton Boggs's New York Office
(DBN)

Ordered to pay $67K in legal fees, lawyer calls 9th Circuit’s sanction ‘a badge of honor’
(DBN)

Win a Rap Slam, Earn a Full Ride to Law School
(DBN)

The Law School Will Regret Rationing Water
(DBN)

Social media helps Legal Rebel grow her practice
(DBN)

Five Tips on How to Pick a Career Coach
(DBN)

Lawyer formed Freelancers Union after law firm refused to classify her as an employee
(DBN)

Boeing lawsuit dismissal upheld, lawyers face sanctions
(DBN)

Is the Apple iPad Mini Ready for Business?
(DBN)

Justices Hint At Partial Supreme Court Victory For The Gay Marriage Movement --- The Justices' 3 Most Important Questions On Gay Marriage --- Legal Stars Convene at High Court for Same-Sex Marriage Arguments --- The Best Signs Outside Of The Supreme Court's Gay Marriage Arguments --- Standing and Standing --- Most of Walker's Findings Ignored, But One May Be Pivotal
(DBN)

Meet The 'Pressure Junkie' Lawyer Trying To Take Down The Defense Of Marriage Act --- Meet The 'LeBron James Of Law,' The Star Lawyer Arguing For The Defense Of Marriage Act
(DBN)

Virginia Prosecutor Sanctioned For Sending Paralegal As Spy Into Opposing Counsel’s Office
(DBN)

Squire Sanders Has A 17-Year-Old Client Who Just Made Millions
(DBN)

Former Trooper Indicted in Roadside Cavity Search
(DBN)

Top 25 Bad Lawyer Billboards
(DBN)

Cops: Family Attacks Bouncer After DJ Won't Play Song
(DBN)

"Look at all these commoners, running around, laughing freely. It cheapens the experience of watching horses dance."
(DBN)

Say What?!
(DBN)

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Judges:

Justice Kagan Destroyed The Idea That Marriage Is Only For Having Babies
(DBN)

Scalia: When did it become unconstitutional to exclude homosexuals from marriage?
(DBN)

One Supreme Benchslap, Coming Right Up!
(DBN)

Man angry over stripper’s $750 debt made death threats to judge and prosecutor, feds say
(DBN)

An Afternoon With Judge Frederic Block, Author of ‘Disrobed’
(DBN)

Judge Explains Difference Between Tweeting from Courtroom and Blogging from Courtroom
(DBN)

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Wall Street:

 

S&P 500 Rebounds Toward Record on Housing, Orders Data
(DBN)

23 Ways Your Wall Street Job Will Ruin Your Life
(DBN)

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Layoffs:

800 Universal Health Care Workers to Lose Jobs
(DBN)

The Robot Reality: Service Jobs Are Next to Go
(DBN)

Why We Can All Stop Worrying About Offshoring and Outsourcing
(DBN)

Bank Of America To Layoff 500 At N.Y. Processing Facility
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Dionne Warwick, down to $1K cash, files for bankruptcy
(DBN)

Judge upholds bankruptcy court ruling, orders Manson Family tapes handed over to Los Angeles police
(DBN)

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Municipalities:

Stockton Deficits May Total $100 Million, Forecast Shows
(DBN)

Stockton City Proposes Tax Hike To Fund Public Safety Programs
(DBN)

Trial over Stockton's bid for bankruptcy nears end in California
(DBN)

Bankruptcy trial: 'The fight is going to be on'
(DBN)

CalPERS played a role in bankruptcy
(DBN)

Detroit mayor, city council retain salaries
(DBN)

Detroit poised to make deep cuts amid protests
(DBN)

I’m a Creditor of Detroit…Now What? (Part 1 of 2)
(DBN)

San Bernardino Sues California Agencies to Get Tax Money
(DBN)

City manager is taking a chance on San Bernardino
(DBN)

Signs That Municipal Bonds Could Be in Trouble
(DBN)

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Banking:

S&P Puts Deutsche Bank on Review for Downgrade
(DBN)

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Economy:

Consumer Confidence in US Decreases More Than Forecast --- Steep Fall in March
(DBN)

Factory and housing data supports growth picture
(DBN)

The financial crisis: The debt run
(DBN)

America's $124 Billion Secret Welfare Program
(DBN)

Fed's Fisher: Economy Moving Slowly
(DBN)

Tax Revenue Grows for 13 Straight Quarters
(DBN)

The Generational Debt Gap In America
(DBN)

Home Prices in 20 U.S. Cities Climb by Most Since June 2006
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Prices Growing As Fast As Before The Housing Collapse: Case-Shiller --- Prices Jump 8.1%
(DBN)

FHFA Seeks Curbs on Force-Placed Homeowner's Insurance --- 'Crackdown' Is Late to the Game
(DBN)

Fannie Mae Exempt From County Transfer Taxes, Judge Rules
(DBN)

‘Extreme home takeover’: Company uses poorly punctuated ‘deeds’ to claim title to foreclosed homes
(DBN)

Bankrupt lending firm founder is back in the mortgage business
(DBN)

Warren And Cummings Accuse Regulators Of Shielding 'Criminal Activity'
(DBN)

Cash buyers (read: mostly investors)account for about one-third of all U.S. homes sales
(DBN)

Housing Recovery Moves out of Shadow
(DBN)

Five Important Issues to Consider When Parties Negotiate a Lease Guaranty
(DBN)

A Chinese Family Bought A $6.5 Million NYC Apartment For Their 2-Year-Old
(DBN)

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Student Debt:

Student loan write-offs hit $3 billion in first two months of year --- Who Do You Want to Believe -- Equifax or the U.S. Census?
(DBN)

Overwhelming Student Debt Has Parents Getting Life Insurance Policies on their Kids
(DBN)

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Awards:

Century City Bar Names Robbin Itkin 'Bankruptcy Lawyer of the Year'
(DBN)

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Banking:

Fed Blasts Citigroup For Lax Money Laundering Controls
(DBN)

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Health Care:

Bankruptcy trustee accuses hospital operators of financial malfeasance
(DBN)

Abortion Doctor Uses Bankruptcy to Evade Malpractice Lawsuits
(DBN)

U.S. wants trustee in hospice bankruptcy
(DBN)

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Gambling:

NJ Revel bankruptcy plan includes allowing smoking
(DBN)

Revel to begin Chapter 11 bankruptcy hearings
(DBN)

Bankruptcy filing offers an inside look at Revel casino's woes
(DBN)

Revel targets quick bankruptcy exit
(DBN)

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Debt Collection:

None of the Collectors that Faced FTC Actions Last Year are Larger Market Participants
(DBN)

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Autos:

Hannibal Inspires GM's Girsky to Slash at Opel's Culture
(DBN)

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Tax:

The $600 Billion the IRS Can't Collect
(DBN)

Former tax preparer Jack Brown confesses to Ponzi scheme
(DBN)

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Aviation:

AMR-US Airways tie-up primed for court approval --- Judge set to consider American-US Airways merger
(DBN)

US Trustee objects again to AMR CEO's $20 million severance deal
(DBN)

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Skiing:

With deal in principle, Montage Mountain makes return
(DBN)

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Distressed Investing:

Solus Funds Get $1.1 Billion for Bankruptcy Investments
(DBN)

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Food/Beverage:

Centennial is selling another batch of stores as it liquidates in bankruptcy
(DBN)

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Derivatives:

ISDA Investigated in EU Probe of Credit-Default Swap Data
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Plan Confirmation:

Fifth Circuit Affirms Below-Market Interest Rate Used In Cramdown Of Secured Lender In Chapter 11 Plan Based On 'Prime-Plus' Formula Established By Supreme Court In Chapter 13 Case
(DBN)

Fifth Circuit Establishes Appropriate Till Analysis in Chapter 11 Proceedings
(DBN)

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Safe Harbors:

Slipping into the Safe Harbor: When Is a Supply Contract a Protected “Forward Contract”?
(DBN)

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Avoidance Actions:

The Cash Management System Preference Defense
(DBN)

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Recent Pleadings:

 

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Electricity:

City, co-op fight for disclosure in SME bankruptcy --- Judge: Montana power co-op likely can keep secrets
(DBN)

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Food/Beverage:

U.S. Bankruptcy judge says Banah can stay in building, with conditions
(DBN)

Wonder Bread buyer: Too early to determine future of Denver sites
(DBN)

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Fraud:

Lawyers battle over Madoff-related settlement
(DBN)

Creditors get little after Illinois Ponzi scheme
(DBN)

Quinn Emanuel launches new health care fraud practice, forsees ‘exponential’ growth
(DBN)

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Sovereigns:

US appeals court declines to rehear Argentina bond case --- Argentine Bonds Fall --- The noose tightens --- Two-Front War on Debt and Dollars
(DBN)

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UK:

Rural areas hit by rising personal insolvencies
(DBN)

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EU:

George Osborne warns Cyprus that bail-out 'is just the beginning'
(DBN)

Europe Reels In Shock As Politician Tells The Truth
(DBN)

The end of life as we know it in Cyprus --- Damage ripples through Cypriot economy --- Big Depositors Face 40% Haircut --- Cypriot youth protest as banks stay shut --- ECB, Eurogroup at odds over Cyprus rescue as model --- Fitch says could cut Cyprus soon --- Cyprus Businesses Hurt as Banks Stay Shut ---Administrator appointed to run Bank of Cyprus --- Cyprus making 'superhuman' effort to reopen banks by Thursday --- Bank of Cyprus does not accept resignations of chairman and 4 directors --- Cyprus central bank asks ECB for more emergency funding: paper --- Cypriots braced for harsh banking curbs --- Europe's Post-Taboo Banking System --- Cyprus Bailout: Everything You Need To Know --- The Worst is Yet to Come --- Krugman: 'Cyprus Should Leave The Euro. Now' --- It’s not over yet --- Krugman: Cyprus, Seriously
(DBN)

Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief
(DBN)

Poll: Germans doubt Merkel's vow on saving deposits
(DBN)

Instead Of Doing His Job, Jeroen Dijsselbloem Has Given Us A Glimpse Of The Euro 'End Game'
(DBN)

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PIIGS:

Ireland Considers Hiring Private Debt Collection Agencies --- ie: Tough rules 'aimed at discouraging' write-off deals --- Irish Home Prices Fall for 3rd Straight Month in February --- ie: Some insolvent women will have to choose between career or mortgage --- Will Insolvency Guidelines Spark Government Row?
(DBN)

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Canada:

Great Depression Hit One Country Hardest of All
(DBN)

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France:

Continuation of contracts under an insolvency proceeding governed by French law: Better be short!
(DBN)

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Brazil:

Bondholders unlikely to derail Brazil's Grupo Rede takeover plan
(DBN)

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China:

Fed study says China's growth could slow sharply by 2030
(DBN)

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