March 7, 2013

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Paul Hastings, 2 partners to pay $1.6M to settle Dewey unfinished business claim
(DBN)

Stealth Lawyer: Daron Roberts, Cleveland Browns Coach
(DBN)

U.S. Legal Sector Contracting Even As Nation's Economy Recovers
(DBN)

Not My Job…
(DBN)

Kyl, Jones, Clifford Chance, Bracewell: Business of Law
(DBN)

Wilmer Breaks $1 Billion Revenue Mark for First Time
(DBN)

Kramer Levin Hits New Revenue High Again
(DBN)

Former Loeb bankruptcy lawyer sues law firm over compensation
(DBN)

Only the ‘Most Adaptable’ Firms Survive
(DBN)

Vereins: The new structure for global firms
(DBN)

Yahoo and the End of Workplace Flexibility
(DBN)

Law School Donor Sues Georgetown for $7.5 Million
(DBN)

Irell Represents Committee In American Suzuki
(DBN)

Hogan Lovells names new London head in top-level management revamp
(DBN)

Clifford Chance overtakes Linklaters as top law firm in annual ranking of business brands
(DBN)

Crowell & Moring Lawyers Cleared in Inbreeding Case
(DBN)

About half of law schools post incomplete job and scholarship data, group says; Which did best?
(DBN)

Are You Still Happy You Went to Law School?
(DBN)

Every Spring Starter Who Is Not An Alleged Jewel Thief, Please Step Forward. Not So Fast, Jeff.
(DBN)

Law firm drops name partner from marquee after judge denies injunction
(DBN)

Former Sen. Jon Kyl joins Covington & Burling’s public policy practice
(DBN)

George Zimmerman's Lawyer Makes A Shocking Change To His Defense Strategy
(DBN)

Men’s Fashion: How to Find a Great Suit
(DBN)

Cops: Perp Had Loaded Revolver In Her . . .
(DBN)

Mug Shots
(DBN)

Lindsay Lohan -- I'm Keeping My Lawyer ...
(DBN)

Coupon Rejected, Walmart Shopper Pulled Out Gun
(DBN)

Lawyers in courthouse fistfight file dueling lawsuits
(DBN)

Not Even Robots Want To Go To Jury Duty!
(DBN)

The 15 Craziest Heists In Modern History
(DBN)

Soldier Smuggled $1 Million From Afghanistan, Got Plastic Surgery And 18-Wheeler
(DBN)

Jury Asks Why Jodi Arias Didn't Report Lover's Alleged Abuse Before Mutilating Him
(DBN)

Say What?!
(DBN)

______________

Judges:

Looking for SCOTUS controversy? Case revelations? O’Connor book sticks to facts of court history
(DBN)

Slow-Played Benchslap Order Just Keeps Getting Better
(DBN)

Judge Markell of Las Vegas to Become Professor Markell of Tallahassee
(DBN)

Judge Happy To Give ‘Breaks’ To Young Black Men As Long As They Are Well Dressed
(DBN)

One Of History's Worst Supreme Court Justices Was A Raging Anti-Semite
(DBN)

Municipal judge must give up top court job because son is a cop, state supreme court rules
(DBN)

Undisclosed Contributions Not Enough to Show Ex-Judge and Arbitrator's Bias
(DBN)

Chevron Foes in Ecuador Case Ask Second Circuit to Save Them from Judge Kaplan
(DBN)

______________

Wall Street:

Stock index futures signal higher open
(DBN)

Stocks Close Mixed But Dow Still Reaches New Record High
(DBN)

The Dow Jones’s new high is fake
(DBN)

How To Kick Ass On Wall Street
(DBN)

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

______________

Layoffs:

Fed Survey: Businesses Say They're Hiring Less And Laying Off Workers Because Of Obamacare
(DBN)

Job growth resulting from cheaper credit to cushion blows from U.S. sequestration cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

_____________

Labor:

Actually, Marissa Mayer Didn't Ban Yahoos From Working At Home --- Research shows men more likely than women to work from home --- Work from home : Women may want it, but not many get it --- Marissa Mayer's Work-from-Home Ban Is Working for Yahoo, and That's That --- Best Buy Kills Freewheeling Work-From-Home Program --- Don't worry, the ban on telecommuting won't become a trend
(DBN)

______________

Aviation:

American Eagle Slumps 10% on 4Q Miss, Weak Outlook
(DBN)

American Airlines discusses what a ‘second request’ means in its merger with US Airways
(DBN)

USAPA asks bankruptcy court to keep America West pilots from interfering with American-US Airways merger
(DBN)

US Airways pilots' union fears muddle merger
(DBN)

Judge moves TWA dispute to American Airlines bankruptcy court in New York
(DBN)

TSA to allow airline passengers to board with small knives, pool cues and lacrosse sticks --- TSA Chief Advocating Battle Ax, Machetes On Planes
(DBN)

AeroSvit bankruptcy leaves travel companies in debt
(DBN)

______________

Alternative Energy:

Suntech’s Ousted Founder Says Board Has No Plan for Debt
(DBN)

______________

Corporate Reform:

National Consumer Protection Week and Disclosure 3.0
(DBN)

S&P seeks to move 16 lawsuits over ratings to federal court
(DBN)

______________

Hollywood:

Visual Effects Industry Takes Protest to Twitter, Facebook
(DBN)

Rhythm & Hues Hoping For Quick Sale
(DBN)

______________

Economy:

ADP: U.S. companies added 198,000 jobs in February
(DBN)

Factory Orders Fall 2% In January
(DBN)

Fed says economy posted modest growth in January-February
(DBN)

Fed Beige Book: District-by-District Summary of Conditions
(DBN)

Orders for core capital goods jump in January
(DBN)

The Sequester's Unkindest Cuts ---
Did Obama cry wolf on sequester ? ---
How Obama Bungled the Sequester ---
Should President Obama give up golf during ' sequester '? ---
Obama steps up his outreach to congressional Republicans ---
Obama To Meet With Senate Republicans Next Thursday ---
Dionne: 'Stupid' sequester's smart potential ---
Efforts to avoid gov't shutdown move to Senate
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

The 15 worst housing markets for the next five years
(DBN)

Distressed Home Sales Still Significant
(DBN)

Help for Underwater Homes
(DBN)

Hovnanian loss narrows on increased deliveries
(DBN)

FHA Pullback Boosts Mortgage Insurers Once Seen Failing
(DBN)

____________

Student Debt:

Misspent youth - "There simply aren't enough good jobs"
(DBN)

______________

M&A:

"Financing institution MAC" - Like buying insurance against a extinction event
(DBN)

Fitch: U.S. Banks Face Risks if LBO, M&A Waves Build
(DBN)

______________

Dot-Com:

Web Site Business In Ch. 7 Keeps Operating - Trustee: "I don't read the Web site. It's not an official document."
(DBN)

______________

Retailing:

JCPenney's Retail Revolution Has Failed — And It's Time For Plan B
(DBN)

J.C. Penney Stock Rating Cut at Citigroup, Oppenheimer
(DBN)

JC Penny Hit With Multiple Downgrades, Chatter of Johnson Exit
(DBN)

Sears and Penney Respond to SNL Sketch Complaint
(DBN)

______________

Health Care:

Judge delays decision on examiner in Universal Health Care bankruptcy
(DBN)

______________

Celebs:

13 Martha Stewart court moments --- Photos Of Martha Stewart As A Young Model
(DBN)

Top Ten Celebrity Bankruptcies
(DBN)

Casey Anthony: Combative bankruptcy hearing
(DBN)

______________

Municipalities:

Is LA Doomed?
(DBN)

Detroit leaders planning to challenge 'financial emergency' finding --- Detroit city council to appeal Michigan state takeover --- Mayor Bing sends mixed messages as City Council prepares to confront state --- Bing embracing Detroit City Council's unreality over finances --- As the Governor Moves to Take Control, Residents Wonder What’s Next
(DBN)

Motown's Fiscal Reckoning
(DBN)

Societe Generale exiting Alabama county bankruptcy
(DBN)

San Bernardino Wrongly Transferred Cash, California Says --- Controller: transfer of funds not valid
(DBN)

San Bernardino: Bankrupt city's woes multiply
(DBN)

Colorado Governor Is Disappointed With The Effects Of Pot Legalization
(DBN)

______________

Fraud:

Madoff Trustee’s Merkin Claims ‘Absurd,’ New York Says
(DBN)

Brockport man faces federal fraud charge
(DBN)

NCAA investigator wrote letter on Shapiro's behalf
(DBN)

Lawyer for Rothstein investors wants case sent to state court
(DBN)

______________

Pensions:

More than a quarter of surveyed pension funds face insolvency
(DBN)

______________

Mass Torts:

BP, Transocean Officials Botched Tests, Witness Testifies
(DBN)

In Appeal, Asbestos Defense Lawyers Gain Concession
(DBN)

______________

Banking:

Expert: Fraudulent accounting prevalent among “most reputable” banks
(DBN)

No more hardball: Santander changes bond buyback tactics
(DBN)

EarthLink CEO cites 'unforced error' on failed financing
(DBN)

With Legal Reserves Low, Bank of America Faces a Big Lawsuit
(DBN)

Banks urge U.S. judge to throw out Libor lawsuits
(DBN)

______________

Hotels:

Silver City’s Murray Hotel LLC files Chapter 11 bankruptcy
(DBN)

______________

Autos:

Fiat Focused on Buying Out Chrysler Minority Shareholders
(DBN)

______________

Politics:

Rand Paul Ends Historic Filibuster After Nearly 13 Hours --- The 10 Best Lines From Rand Paul's Filibuster
(DBN)

______________

Education:

Exactly Why College Is Getting More Expensive
(DBN)

______________

Magazines:

Reader’s Digest creditor committee appointed
(DBN)

Q&A: Robert Goyette on the way forward for Reader’s Digest
(DBN)

______________

New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 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)

______________

Bankruptcy Statistics:

U.S. commercial bankruptcies lower than a year ago, MTM Ch. 11 figure up
(DBN)

Bankruptcies Fall By Half
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Plucked From the Bargain Bin: Testing the Limits of the New Value Exception to the Absolute Priority Rule
(DBN)

Fifth Circuit Decision May Reignite Debate On Artificial Impairment In Engineering A 'Cramdown' Plan Of Reorganization
(DBN)

______________

Secured Debt:

Secured Lender’s Full Credit Bid Barred Later Recovery From Guarantors
(DBN)

______________

Exemptions:

Bankrupt Realtor Might Get to Keep Her Mercedes - Tool Of The Trade?
(DBN)

Quirk in N.Y. Law Sets Aside Transfer of Exempt Property
(DBN)

______________

IP:

What a Trademark Licensee Can Do to Improve Its Chances of Retaining Its Trademark Rights After the Licensor Files Bankruptcy
(DBN)

______________

TBTF:

Powell: Reforms to limit “too big to fail” to take years, “success not assured”
(DBN)

Bipartisan Group Of Lawmakers Wants To Keep Taxpayers On The Hook For Banks’ Risky Bets
(DBN)

Holder On Prosecuting Big Banks: Domino Effect
(DBN)

Elizabeth Warren Takes On Eric Holder's 'Too Big To Jail' Statement
(DBN)

______________

Skiing:

Bank takeover for Sno approved by judge
(DBN)

______________

Golf:

Golf course could be sold but future unknown after bankruptcy
(DBN)

______________

Museums:

Kearney Arch files for bankruptcy
(DBN)

______________

Telecom:

Bankruptcy judge OKs 18 April auction for Powerwave Technologies
(DBN)

After mediation fails, court fight over Nortel begins
(DBN)

______________

Construction:

Bankruptcy court intervenes for construction company at Starr County sites
(DBN)

______________

Sovereigns:

Did vulture funds accidentally create a sovereign bankruptcy court, or an Argentine default?
(DBN)

Raising the RUFO in Argentine bonds
(DBN)

Falklanders Vote 170 Years After Default Spurred Argentina Offer
(DBN)

______________

UK:

Bank of England: Action needed over RBS losses
(DBN)

Thomas Cook cuts 2500 UK jobs and shuts 195 high street travel agencies
(DBN)

Scots firm Semple Fraser set for administration as rivals eye teams
(DBN)

U.K. Tells Payday Lenders to Follow Rules or Lose License --- Insolvency expert says payday loans have their place
(DBN)

The survival of a sublicence: effect of insolvency of head licensee on sub-licensee
(DBN)

E&Y administrators arrange Dreams pre-pack
(DBN)

HMRC in tax crackdown on second homes
(DBN)

Administrators query on Retail Adventures' solvency
(DBN)

Six-year ban for Leicester boss who paid himself ahead of creditors
(DBN)

______________

EU:

Euro-Area Economy Slumped in Fourth Quarter on Trade, Investment
(DBN)

______________

PIIGS:

Ireland Sticks to Austere Course
(DBN)

Greece Charges 3 Ex-Ministers For Hiding Wealth
(DBN)

______________

Canada:

Bank of Canada Says 1% Rate 'Appropriate for Some Time --- Bankers warned thousands more mortgages have fallen into arrears
(DBN)

BC seniors face mounting debt
(DBN)

______________

France:

The French Petroplus Law
(DBN)

______________

Cyprus:

Cyprus bailout talks resume
(DBN)

______________

MENA:

Moody's puts 12 GCC banks on review
(DBN)

______________

India:

Distressed farmers selling organs to escape debt trap
(DBN)

______________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2013