March 8, 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:

Simpson Thacher, Baker Botts, Cooley: Business of Law
(DBN)

Coming Off a Year of Modest Growth, Simpson Thacher Names New Leader
(DBN)

Same lawyer, more trouble - Judge demands answers in THR bankruptcy
(DBN)

Is That An Ice Cream Sandwich In Your Pants, Or Are You Just Glad ...
(DBN)

Following Medicine's lead, To Place Graduates, Law Schools Are Opening Firms
(DBN)

How Facebook’s Lawyers Price Their Services
(DBN)

Women More Stressed than Men, Says Survey
(DBN)

UK: More mid-tier mergers predicted as top 100 growth stays low
(DBN)

Alternative Careers: Lawyer-Turned-Pro Boxer Launches Controversial Clothing Range
(DBN)

78% of Law Schools Ignore ABA Rule --- Why The ABA Is Resistant To Change
(DBN)

Why waste the crisis in legal education?
(DBN)

How Much Does It Cost To Name ALL THE THINGS At A Law School?
(DBN)

Former 3L sues after being kicked out of law school for alleged plagiarism
(DBN)

There Will Be A New Bar Exam in 2015
(DBN)

Comedians at Law
(DBN)

LinkedIn Won't Help Most Lawyers
(DBN)

Four ways to get things done with Siri
(DBN)

Culture Key to Recruitment at Mid-size Firms
(DBN)

Unintended Consequences of Bring Your Own Device
(DBN)

Man Armed With Ice-Cream Cone ‘Terrifies’ Law Students During Torts Class
(DBN)

Law Firm and Former Partner In Good Ole Fashioned Money Fight
(DBN)

Setting Client Expectations
(DBN)

From Biglaw to Boutique: Believing What You’re Selling
(DBN)

Woman To Pay Fine After Sending Son Named 'Jihad' To School With 'I Am A Bomb' Shirt
(DBN)

Mom charged with using Taser on son
(DBN)

Lawyer Killed In Office, Found By Cleaning Crew
(DBN)

Lawyers Don't Have to Be Rude to Opposing Clients
(DBN)

Attorney Facing Discipline For Eating Food In Grocery Store
(DBN)

Teacher On Bike Killed After Becoming Impaled On Gate Outside School
(DBN)

Cops: Man Goes Berserk With Ax at Dunkin' Donuts
(DBN)

Man faces 30 days in jail for laughing too loudly -- in his own home!
(DBN)

Two Years In Solitary Confinement With No Arraignment: $15.5 Million
(DBN)

The Catch-22 That Prevents Us From Truly Scrutinizing the Surveillance State
(DBN)

______________

Judges:

Sequestration Hits the Law as Courts Keep Bankers' Hours
(DBN)

Sheriff sends undercover officer to courthouse with gun; she makes it through 6 checkpoints
(DBN)

Bill would have judges draw straws to shrink Washington Supreme Court
(DBN)

______________

Wall Street:

Stock index futures signal higher open
(DBN)

Stocks Close Modestly Higher Ahead Of Jobs Report
(DBN)

Bad-News Bears Crash the Party
(DBN)

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

Roubini: Markets Will Be Shocked By How Much of A Slowdown Is Coming This Year, And Stocks Will Dive
(DBN)

______________

Layoffs:

Good jobs news: Initial claims fall
(DBN)

Employers Waiting for Perfect Employees?
(DBN)

Google Fires 1,200 More From Motorola Mobile
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Ford's CEO Nets Nearly $12 Million In Performance Bonuses
(DBN)

Fiat Talks with Banks About Chrysler Merger
(DBN)

______________

Politics:

Jon Stewart: Rand Paul Used The Filibuster 'The Way It's Meant To Be Used' --- The Bush Administration Already Answered Rand Paul's Question About Killing Americans On US Soil --- John McCain And Lindsey Graham Tear Into Rand Paul For Filibuster --- The Wall Street Journal: 'Calm Down, Senator' --- Holder Responds To Paul About Drone Strikes On U.S. Soil
(DBN)

Ruben Hinojosa, Congressman, Emerges From Bankruptcy
(DBN)

______________

Alternative Energy:

Michigan Seeks to Block Transfer of A123 State Tax Credits --- Balks at A123's creditor payout plan
(DBN)

The Fall of China's Solar Power King
(DBN)

Another strange twist for a major Chinese solar panel maker facing possible bankruptcy
(DBN)

BP Bows Out of Solar
(DBN)

SolarCity Posts Much Larger Loss
(DBN)

______________

Corporate Reform:

Sen. Warren: Drug dealers go to jail; bankers for drug cartel pay a fine --- Elizabeth Warren HSBC Money Laundering
(DBN)

Warren starts taking on banks and regulators
(DBN)

______________

Telecoms:

US, Canada judges mull fate of Nortel cash
(DBN)

______________

Mass Torts:

Judge orders homes of pharmacy owners seized
(DBN)

Double Dipping on Asbestos Docket
(DBN)

______________

Derivatives:

A derivatives broker's 10-year grudge ends, with big penalties
(DBN)

______________

Hollywood:

Rhythm & Hues Bankruptcy Sale: 'Stalking Horse' Bid Expected Friday
(DBN)

______________

M&A:

KPMG Survey: 2013 M&A Activity to Outpace 2012
(DBN)

______________

Economy:

Jobless Claims in US Unexpectedly Fall to a Six-Week Low
(DBN)

US Productivity Fell in Fourth Quarter as Labor Costs Rose --- US Productivity Rising Faster Than Wages
(DBN)

Consumer Comfort in US Improves to Highest Level This Year
(DBN)

Gallup: Broad Support for $9 Minimum Wage --- How to Survive on $7.25 an Hour
(DBN)

US household wealth regains pre-recession peak
(DBN)

US Economy Needs $2 Trillion in Stimulus
(DBN)

Fed Beige Book Reveals QE Failing To Stimulate More Lending
(DBN)

Government getting in economy's way: Beige Book
(DBN)

Obama Still Looking for Big Deficit Deal
(DBN)

House Passes Bill to Keep Government Funded
(DBN)

Spending Cuts May be Here to Stay
(DBN)

US Watchdog: Iraq Was a Waste of Taxpayer Dollars
(DBN)

Americans Raiding 401(k)s To Pay Bills At Alarming Rate
(DBN)

Credit Boom Warning Sign? Buybacks Hit $1 Trillion
(DBN)

Wealth Inequality Worse Than Thought
(DBN)

Consumer Debt Up $16.2bn in January
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Household Worth in US Rises by $1.17 Trillion on Housing
(DBN)

Credit Suisse: There's A Rush In The US Housing Market
(DBN)

Confidence in Housing Market Rose in February
(DBN)

The World's Most Expensive Real Estate Markets
(DBN)

Immigrants Fuel Home Ownership Demand
(DBN)

Those Amazing Deals On Foreclosed Homes Are Disappearing
(DBN)

Va. AG settles with mortgage modification firms
(DBN)

HI: 1250 Oceanside Partners Files for Bankruptcy Protection --- Hokulia developer in debt over $500 million files bankruptcy
(DBN)

___________

Mass Torts:

BP Oil Spill Payout May Be Billions Higher Than Initially Expected
(DBN)

______________

Glass:

Glass company returns to nearly full production following chapter 11
(DBN)

______________

Entertainment:

10 Mysteries About Girls Gone Wild Declaring Bankruptcy
(DBN)

______________

Municipalities:

Detroit mayor opposes EM appeal
(DBN)

Protestors Rally Over EFM In Detroit
(DBN)

An emergency manager and Detroit's undue process
(DBN)

Detroit declines invitation to bid on 2024 Olympics
(DBN)

White House won't bail out Detroit
(DBN)

Lansing may give Detroit aid if EM gets OK
(DBN)

Detroit's Hot Mess Will Eventually Require Regional Solutions
(DBN)

Ft. Worth Faces $50M Budget Shortfall
(DBN)

NY: Schools squeezed toward insolvency
(DBN)

______________

Retailing:

JCPenney Is Quietly Firing More Store Employees After A 'Secret Broadcast'
(DBN)

Ex-JC Penney CEO Slams Current CEO Johnson
(DBN)

Why JCPenney's New Corporate Culture Is Failing
(DBN)

Retailers report modest sales gains for February
(DBN)

Costco's Unorthodox Strategy To Survive The Big Box Apocalypse
(DBN)

______________

Celebs:

Terrell Owens Adviser Banned After NFL Players Lose $40 Million
(DBN)

Bankrupt casino leads to 31 NFL players losing $40M
(DBN)

Judge finalizes $41M judgment against Yellowstone Club founder --- Rejects mediation request by Blixseth
(DBN)

France Goes After Saudi Princess Who Skipped Out On $7.5 Million Hotel Bill
(DBN)

N.Y. AG: Tailor to the stars settles tax fraud case for $5.5M
(DBN)

_____________

Health Care:

Employees flood MCDH meeting
(DBN)

Liberty Medical committee of unsecured creditors appointed
(DBN)

Nursing Homes in Extremis Get Leave To Alter Union Contracts
(DBN)

GE CEO: Americans Must Pay More for Health Care
(DBN)

Here's How Much Bacon You Need To Eat To Die Young
(DBN)

______________

Accounting:

Lawyers for Deloitte Seek to Buy Time in Subpoena Spat with SEC
(DBN)

______________

Skiing:

Bidders still interested in ownership of Snö ski resort
(DBN)

______________

Golf:

Golfers told Cherry Hill's Woodcrest won't open this year
(DBN)

Cordillera Golf Club emerges from bankruptcy
(DBN)

______________

Museums:

Chairman: Archway Has Seen Many Financial Struggles --- Stuhr works with Kearney archway to draw tourists
(DBN)

LA County Museum of Art proposes taking over financially troubled Museum of Contemporary Art
(DBN)

______________

Equipment Rental:

Ahern Rentals' Ownership Struggle Continues
(DBN)

______________

Tax:

US IRS boots Israeli bank clients from amnesty program -lawyers
(DBN)

After busts, tax-lien industry asks for antitrust training
(DBN)

______________

Aviation:

CRO Beverly Goulet gets promoted to senior vice president at American Airlines
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Plan Confirmation:

Delaware Opinion in Indianapolis Downs Case Expands Third Party Releases and Approves Post-Petition Lock-Up Agreements
(DBN)

______________

Safe Harbors:

Court Finds Investment Advisor’s Payments to Customers Are Not Exempt From Avoidance Under Section 546(e)of the Bankruptcy Code
(DBN)

______________

Automatic Stay:

Extra Protection: Bankruptcy Court Extends Automatic Stay to Cover Non-Debtor Affiliate in Arbitration Proceeding
(DBN)

______________

Recent Pleadings:

Hostess: UST Says Administrative Insolvency Possible, Wants Fee Holdbacks
(DBN)

Education Holdings Plan Confirmed
(DBN)

______________

Fraud:

Former Madoff aide seeks release of funds for his defense
(DBN)

A.G. Blasts Fee Request From Counsel for Madoff Investors
(DBN)

TD Bank wins protective order in Rothstein case
(DBN)

Gupta lawyer reflects on negotiation strategy in high-profile case
(DBN)

More asset freezes likely in insider-trading probes - Khuzami
(DBN)

Goldman banker CDO suit is wrong fight for SEC
(DBN)

Jack Brown Has Retained Criminal Attorney In Ponzi Scheme Case
(DBN)

Scruggs asks 5th Circuit to toss guilty plea
(DBN)

______________

Litigation:

Defendant Gets Spoliation Sanctions After Deleting Text Messages
(DBN)

The Proliferation and Suitability of Apple's iPad in Litigation Practice
(DBN)

______________

Banking:

Libor bank probes at advanced stage: EU antitrust official --- "Other people read People Magazine, but you read the Wall Street Journal"
(DBN)

Bank of America to offer cash-back rewards for paying off debt
(DBN)

Bank Stress Tests Not Stressful Enough --- Ally only bank below Fed standard in stress test --- Ally Says Stress-Test Results Based on Flawed Analysis by Fed
(DBN)

First Place Financial Corp. Seeks Conversion
(DBN)

No Dice For United Western
(DBN)

______________

Biotech:

Biovest files for bankruptcy
(DBN)

______________

Sovereigns:

US judges are jeopardizing global finance
(DBN)

Argentina Has the Power to Avoid Catastrophe
(DBN)

Argentina Might Not Default In 2013 But Its Future Is Gloomy
(DBN)

______________

UK:

Debt-ridden Wroughton Football Club in fear of going bust
(DBN)

Bank of England: No New Stimulus
(DBN)

DLA and Kirkland lead on Dreams pre-pack administration
(DBN)

Semple Fraser bites the dust - after claiming all is rosy
(DBN)

Insiders say redundancies imminent at ABS giant Parabis
(DBN)

UK: Shopkeepers Running Out of Time
(DBN)

______________

EU:

ECB leaves interest rates unchanged
(DBN)

Draghi Says ECB Sees 'Downside Risks' on Economic Growth
(DBN)

Draghi Keeps Faith in Gradual Recovery as ECB Trims Forecasts
(DBN)

Draghi Signals Economy Must Worsen for ECB to Cut Rates Again
(DBN)

______________

PIIGS:

ECB offers no helping hand for Italy, says markets calm --- Monte Dei Paschi di Siena Seeks €1.2bn Damages Over Derivatives --- Spokesman found dead --- Tragedy and scandal at world's oldest bank
(DBN)

Greek Unemployment Falls to 26.4%
(DBN)

ie: Higher rates of bankruptcy in border regions
(DBN)

______________

Germany:

German Industrial Orders Drop in January
(DBN)

_____________

France:

Unemployment in France at 14 Year High
(DBN)

______________

Singapore:

Bankruptcy and insolvency regime a major area of review, says Shanmugam
(DBN)

______________

Australia:

Commercial Disputes & Insolvency Alert
(DBN)

______________

New Zealand:

The 'big five' insolvency issues for 2013
(DBN)

______________

Venezuela:

Venezuela Faces Difficult Times
(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