May 13, 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:

Week Ahead in Bankruptcy : Dewey, ResCap and Lehman
(DBN)

Bankruptcy Costs Attacked - Attorney Guidelines to Be Overhauled, With Hotel, Other Expenses Scrutinized
(DBN)

Jackson Walker Adds New Bankruptcy Partner
(DBN)

Bankruptcy Booms, Energy Expands for Texas Law Firms
(DBN)

Chevron Accuses Patton Boggs of Fraud
(DBN)

Bankruptcy Attorney David Honig Joins Boutique Financial Services and Litigation Law Firm
(DBN)

Head SEC lawyer on 'Fabulous Fab' trial eyes law firms - sources
(DBN)

Baker Botts, Akin, Greenberg, Wachtell: Business of Law
(DBN)

UK: Herbert Smith seeks cash injection of up to £20m from equity partners
(DBN)

How Not To Write A Cover Letter
(DBN)

The Fifth Step in Leaving Law Behind — Get Out There
(DBN)

Legal Careers in the Global Age of More for Less: Insights from Professor David Wilkins of Harvard Law
(DBN)

Former Dewey partner settles $200K capital loan dispute with Citibank
(DBN)

GCs discuss building international legal teams
(DBN)

Drain ‘Emotional Abscesses’ to Heal Upset Clients, Colleagues
(DBN)

Mid-Size Firm Leaders Adapt to the Times
(DBN)

Freshfields holds associate and trainee pay bands at 2012 rates
(DBN)

How lawyers are mining the information mother lode for pricing, practice tips and predictions
(DBN)

BigLaw rolls out apps for clients; effort sends message ‘this isn’t your grandfather’s law firm’
(DBN)

Biglaw Smartphone Apps: Is That a Lawyer In Your Pocket Or Are You Just Happy To See Me?
(DBN)

A Case for Grade Inflation in Legal Education
(DBN)

Age Discrimination Suit Against Georgetown Law Dismissed
(DBN)

Law Deans Scramble
(DBN)

State Dept. tells Texas law student to take down Web blueprints for 3-D printer to make plastic gun
(DBN)

Time To Reboot Law School Rankings
(DBN)

12 Top Law Schools Teaching Law Practice Technology
(DBN)

5 Ways To Be Productive When The Pressure Is On
(DBN)

Court: Contract Work Counts as the Practice of Law
(DBN)

Lawyer Says California Federal Judge’s Order Is Inapplicable In Georgia Because California Recognizes Gay Marriage
(DBN)

12 Things You Never Knew You Could Do With Your iPad
(DBN)

Compassionate release review buoys old US inmates
(DBN)

Man In Washington State Goes On Bulldozer Rampage, Destroys Neighborhood Homes
(DBN)

Husband Killed And Burned His Wife Then Traveled Around World On Her Money
(DBN)

US: Russia Withheld 'Crucial' Intel on Boston Bomb Suspect Tamerlan Tsarnaev --- Report: 'Mounting Evidence' Ties Tsarnaev Brothers To 2011 Triple Homicide --- Boston Bomb Suspect Buried in Virginia
(DBN)

Florida Lawyer Loves Tebow
(DBN)

Fail: "Iron Man 3" Screening Stormed With Fake Guns
(DBN)

Student suspended after putting principal's mug shot on Instagram
(DBN)

Only In Florida: Suspect, 37, Stabbed Boyfriend After He . . .
(DBN)

Only In Florida Part 2: Suspect, 20, Fleeing From Police Is Attacked By Alligator
(DBN)

Boy, 12, arrested in fatal stabbing of sister, 8
(DBN)

Man accused of abusing . . .
(DBN)

Mug Shots
(DBN)

California Jogger Attacked And Killed By Pack Of Pit Bulls
(DBN)

Say What?!
(DBN)

______________

Judges:

Michael Ridgway appointed to bankruptcy bench
(DBN)

The Lay Response to Judge Judy’s ‘Appointment’ to the Supreme Court
(DBN)

Access to Judicial Papers Post-Bench
(DBN)

Resentencing for Judge Orie Melvin Ordered
(DBN)

SCOTUS Justices more diverse than lawyers before court
(DBN)

______________

Wall Street:

US Stock Futures Retreat Before Retail-Sales Report
(DBN)

Stocks close higher on Wall Street
(DBN)

Goldman: The S&P Has Already Hit Our Year-End Price Target, But We Think It Will Go A Lot Higher
(DBN)

______________

Layoffs:

Jobless claims at 5-year low
(DBN)

The Long Shadow of Bad Credit in a Job Search
(DBN)

The Unemployment Rate Is Much Higher Than They Tell You
(DBN)

How To Tap The Hidden Job Market
(DBN)

Philly Fed Forecasters See Better Job Market
(DBN)

College Grads Can Look Forward To Lots Of Job Openings — Unfortunately, No One's Hiring
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Photography:

Kodak bankruptcy plan challenged by shareholder, retirees
(DBN)

____________

Oil/Gas:

Investors Target Lawyer in Columbus Exploration Bankruptcy
(DBN)

____________

Economy:

Food-Stamp Use Rises From Year Ago
(DBN)

U.S. Posts Biggest Monthly Surplus in 5 Years
(DBN)

Total World Debt Load at 313% of GDP
(DBN)

The Fed Has Started Talking About Ending Its Economic Stimulus Program
(DBN)

Most Advisors Suffered From PTSD After The Financial Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

ResCap examiner report postponed until May 13 --- Examiner's report could spur ResCap creditors seeking Ally cash
(DBN)

Progress being made in ResCap bankruptcy cases, court-appointed examiner says --- Nearing deal on billions in claims
(DBN)

Lender Processing agrees to $14 mln securities fraud settlement
(DBN)

BofA fires back at New York over modification violations
(DBN)

Challenge to Dogma on Owning a Home
(DBN)

The New Luxury Kids' Rooms
(DBN)

Obama Scorecard: Housing headed in right direction
(DBN)

Bernanke: Homeowners remain shaken, financial oversight improves
(DBN)

N.Y. Fraudulent Inducement Claims In Countrywide RMBS Case Proceed
(DBN)

Businesses, government lose out on millions owed by jailed landlord David Kircher
(DBN)

Florida Supreme Court authorizes judges to appoint foreclosure magistrates
(DBN)

____________

Student Debt:

Bankers: College debt bubble mimics housing bubble
(DBN)

Student Debt and the Crushing of the American Dream
(DBN)

All Of The Signs Suggest The College Bubble Has Finally Burst
(DBN)

Low Income Students Get Less Aid Than Rich
(DBN)

____________

Personal Finance:

7 Personal Finance Experts Share The Best Advice They Got From Their Moms
(DBN)

Housing Will Help U.S. Return to Full Employment, Zandi Says
(DBN)

____________

Celebs:

Kim Kardashian's Once Successful Startup Is Struggling For Survival
(DBN)

The Broke and the Beautiful: Joe Francis Edition
(DBN)

Kobe Bryant battles mom for ownership of sports memorabilia from his youth in 2 federal courts
(DBN)

____________

Municipalities:

Kevyn Orr report to show city's crisis is huge --- Report to give hard truth on Detroit's finances
(DBN)

Detroit EM Releases Financial Plan; City Exceeding Budget By $100M Annually --- Grim truth of the Orr report is that bankruptcy very much on the table --- Orr report: City must stop shifting debt and postponing liabilities --- City clearly insolvent, long-term debt at $15 billion --- Orr calls city 'dysfunctional and wasteful' --- FAQ: Top questions about Kevyn Orr's 45-day report --- A Summary Of The EM's Sad Report --- What Snyder, Bing said about Detroit emergency manager 45-day report --- As Detroit emergency manager readies fix-it plan, hard work ahead
(DBN)

Lawsuit to challenge Michigan's emergency manager law
(DBN)

Detroit’s municipal debt attracting hedge fund ‘vultures’
(DBN)

Should Detroit City Council full-time pay, car and phone perks be cut in fiscal crisis?
(DBN)

School district considers hiring emergency manager
(DBN)

California Homes Mysteriously Sinking In Slow-Motion
(DBN)

Harrisburg SEC Case Serves as a Cautionary Tale for Cities
(DBN)

____________

Asset Protection:

Tenth Circuit Affirms Fraudulent Transfer Judgment Against Debtor's Wife And Her Cook Islands Trust
(DBN)

____________

Gambling:

Casino Bankruptcy Draws Eyes To Atlantic City’s Record-Setting Collapse
(DBN)

____________

Golf:

Country club seeking bankruptcy protection
(DBN)

____________

Brokers:

Peregrine Financial may have 'viable' claims vs banks - trustee
(DBN)

____________

Publishing:

Cengage CEO Seeking Restructuring Talks, May File Bankruptcy
(DBN)

____________

Telecoms:

SoftBank CEO doesn't expect Clearwire bankruptcy
(DBN)

____________

Lehman:

Lehman considering selling off some of its claims
(DBN)

____________

Alternative Energy:

The solar paradox: boom, bust or both?
(DBN)

____________

Travel:

78,000 Apply for One Way Trip to Mars
(DBN)

____________

Equipment Rental:

Deadline day for vote on Ahern Rentals reorganization plans
(DBN)

____________

Politics:

Former Defense Secretary Blasts Benghazi Critics For 'Cartoonish' View Of Military
(DBN)

____________

Electricity:

City settlement moves forward
(DBN)

____________

Turnarounds:

TMA Announces Next Generation of Leaders
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (28 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)

______________

Secured Debt:

Collateral Damages: Secured Creditors, Turn Over Repossessed Collateral, Or Else!
(DBN)

____________

Court Access:

Not So Secret - When Under Seal Isn't Enough
(DBN)

____________

Recent Pleadings:

Ex-Dewey Execs Allege Brown Rudnick Conflict
(DBN)

______________

IP:

IP transactions need special care when company in financial distress
(DBN)

____________

Aviation:

Judge signs order approving the US Airways-American Airlines merger
(DBN)

American Airlines asked court to approve MOUs with labor groups
(DBN)

American Airlines, subsidiaries to pay $24.9 million to settle FAA claims
(DBN)

FAA will keep contract towers open through Sept. 30
(DBN)

Frequent-Flier Award Availability: The Best and Worst Airlines
(DBN)

____________

Education:

Three firms chastised by federal judge for over billing Lon Morris College
(DBN)

Salaries of public college chiefs rise, median tops $400,000
(DBN)

The Rise in College Tuition and Student Loans --- College Costs and Quality
(DBN)

____________

Retailing:

JCPenney Coupon Code Gone Wrong
(DBN)

____________

Autos:

So why is Fisker still standing?
(DBN)

Government sells 58.4 million shares of GM stock
(DBN)

____________

Arenas:

Details of First Arena deal unveiled
(DBN)

____________

Tax:

Why the IRS Apologized to the Tea Party
(DBN)

Senior IRS Official Knew of Audits
(DBN)

IRS also targeted tax-exempt status of Jewish groups
(DBN)

New bill would boost penalties on IRS lawbreakers
(DBN)

Reaction to the IRS Apology
(DBN)

Australia in new tax evader treaty with Switzerland
(DBN)

____________

Banking:

JPMorgan Directors Oppose Splitting Dimon’s Role as ‘Disruptive’
(DBN)

____________

Fraud:

Skilling restitution to go to Enron victims' fund
(DBN)

Ex-Enron workers: Keep Skilling in prison
(DBN)

Petters Asks Court to Vacate 50-Year Prison Term for Fraud
(DBN)

Court Rejects A.G.'s Complaints About Madoff Pact Counsel Fees
(DBN)

____________

Hedge Funds:

The silliness of valuing hedge funds --- On the Valuation of Hedge Funds (or Hedge Fund Managers)
(DBN)

____________

Sovereigns:

Uncertain outlook for Grenada bondholders
(DBN)

____________

UK:

Debt-hit hospital's £25000 'advice'
(DBN)

KPMG administrators rack up £2.4m fees for JJB
(DBN)

Eurosail: Balance Sheet Test of Insolvency
(DBN)

Kerry Katona back in new payday loan advert days after original was banned
(DBN)

____________

PIIGS:

ie: Debtors forced to pay upfront for insolvency --- Bid to wind-up mining company fails
(DBN)

Greece splits up small troubled lender FBBank --- IMF set to be dragged into Greek OSI --- Greece invokes emergency powers to block teachers' strike
(DBN)

Spanish prelate fears 'mutual hatred' over euro crisis --- IMF: Telegraph Incorrect About Spain Being Insolvent
(DBN)

____________

Mexico:

Mexican bankruptcies streamlined by regulatory overhaul
(DBN)

Hit comedy exposes class divide
(DBN)

____________

Argentina:

Special Offer in Argentina : Buy Bonds or Go to Jail
(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