November 18, 2013

The Daily Bankruptcy News

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Law:

Patton Boggs to cut equity partner roster from 98 to 80; firm’s income soared after earlier layoffs
(DBN)

Amid Merger Talks, Patton Boggs MP Touts Strategic Plan
(DBN)

Voluntary Buyout Watch: The Bloom Is Off The Rose At This Firm
(DBN)

Book Review: 'The Lawyer Bubble'
(DBN)

Suing Current Bankruptcy Client For Fees Draws Reprimand
(DBN)

McKenna and Dentons Mum on Mega-Merger
(DBN)

Second Circuit Avoids ‘Unfinished Business’ Ruling, For Now --- Second Circuit Punts on Unfinished Business Doctrine
(DBN)

Former Dewey Leader Hires Criminal Defense Lawyer
(DBN)

Business of Law --- Business of Law (2)
(DBN)

Patton Boggs Issues Flurry of Fee Suits
(DBN)

I'm 24 and Head of the Litigation Department
(DBN)

The Lost Lawyers: How Recession-Era Grads Found Their Way
(DBN)

Demand for Legal Work Is Down 5% This Year, 6.4% in BigLaw
(DBN)

Biglaw Partner Just Loses $19.5 Million
(DBN)

A" Rescue" - You bet, lawyers could become one of them
(DBN)

Companies that want Top Legal Talent Pay a Premium
(DBN)

DOJ Refuses To Let Tech Companies See Legal Arguments It’s Making Against Them
(DBN)

Lawyerly Lairs: Two $3 Million Apartments Are Better Than One
(DBN)

From Compensation to Civility: What Is Changing in the Legal Profession?
(DBN)

Hedge Fund Sues Former Employee, a Lawyer, Then Firm Representing Him
(DBN)

Modest Pay Increases for In-House Attorneys
(DBN)

Tips On Five Key Pieces Of The Law School Application
(DBN)

Data on Stealth Law Faculty Layoffs
(DBN)

Terrible Job Watch: Law School Advertises Opening For A Clerk — I Didn’t Say ‘Law’ Clerk
(DBN)

When You’re Negotiating Against A More Powerful Opponent
(DBN)

House passes ‘lawsuit abuse’ bill reinstating mandatory Rule 11 sanctions; ABA opposes it
(DBN)

Typical Day Shows Why Lawyers Are Miserable And Lonely
(DBN)

Firms clamor for law graduates with practitioner skills
(DBN)

Majority of law school hires come from Tier 1 law schools , survey says
(DBN)

10 Ways Pulling An All-Nighter Messes Up Your Body
(DBN)

How Lawyers Can Leverage LinkedIn to Build Their Practice
(DBN)

On Placing the Big Changes to Legal Practice and Legal Education into a Broader Context of the Profession
(DBN)

Foster parent charged after child found handcuffed with dead chicken around neck
(DBN)

Winston-Salem State QB 'viciously' beaten by Virginia State players on eve of title game 
(DBN)

Dolphins Jonathan Martin spends seven hours with special investigator --- NFL to meet with Dolphins players next week to continue investigation
(DBN)

Ex-client faces first-degree murder charge in slaying of divorce lawyer
(DBN)

Legal incubator helps lawyers launch firms serving clients of modest means
(DBN)

'Knockout' Game Targeting Strangers Sweeps Nation
(DBN)

Fugitive captured after he posted comments on 'Most Wanted' Facebook page
(DBN)

Man faces harassment charges for repeatedly firing Civil War cannon at neighbor's house
(DBN)

When America Executed Children
(DBN)

School Teacher Pleads Guilty To Feeding Students S****-Laced Cookies
(DBN)

Kids Have to Pay Hundreds of Thousands to Teacher They Called a "Perv"
(DBN)

Accused of threat to witness, convicted drug dealer exits federal courthouse when judge revokes bond
(DBN)

Woman says photos of iPhone thief’s family showing up on her iCloud
(DBN)

6 of the strangest lawsuits making headlines
(DBN)

Man buys house next to ex-wife . . .
(DBN)

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Judges:

Justice Clarence Thomas Speaks — And Oh What A Speech!
(DBN)

Bill Maher: Justice Roberts Is Like Jeremy Renner's 'Hurt Locker' Character Except He 'Always Cuts the Wrong Wire'
(DBN)

Is Justice Breyer an Atheist? Who Cares?
(DBN)

What’s On the Supreme Court’s Wish List? Stricter Scrutiny of Cy Pres Remedies in Class Action Settlements
(DBN)

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Wall Street:

US stock futures decline
(DBN)

U.S. Stocks Extend Records on Fed Bets Amid Factory Data
(DBN)

Warren Buffett's 10 favorite stocks
(DBN)

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Layoffs:

Atlantic Express bus may cut 5,500 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Governance:

Directors and Officers Held Personally Liable for Bankrupt Company's Environmental Liabilities
(DBN)

____________

Health Care:

UnitedHealth drops thousands of doctors from insurance plans
(DBN)

How US Health Care Ranks Worldwide
(DBN)

Nancy Pelosi Struggles To Defend Obama's Promise That People Could Keep Their Health Insurance
(DBN)

39 Democrats Break With Obama to Pass Upton 'Fix' --- White House Vows to Veto GOP Health Care Bill --- Obama's Fix for a Political Problem Stirs Legal Question
(DBN)

The Legality of Obama’s Health-Insurance Move
(DBN)

Fraudsters Are Exploiting Obamacare
(DBN)

HealthCare.gov goal is for 80% of users to be able to enroll for insurance
(DBN)

Why Obamacare Was Doomed to Fail
(DBN)

How Obamacare Affects Tax Returns
(DBN)

Obamacare Truth: It's Generational Theft?
(DBN)

Obamacare Deductibles 26% Higher Make Cheap Rates a Risk
(DBN)

Congressmen Voted Out Over Their Pro-Obamacare Stances Are Angry
(DBN)

Students at historically black college complain Obamacare has left them uninsured
(DBN)

Web Site Contractor Has Failed IT Co. Execs
(DBN)

Doctors warn superbugs could erase century of medical advances
(DBN)

____________

Adult Entertainment:

Bob Guccione Penthouse creator: Priesthood, sleaze, Helen Mirren and bankruptcy the untold story of the Penthouse creator Bob Guccione
(DBN)

____________

Autos:

Larry Summers on His Decision-Making Process for the Auto Bailout
(DBN)

Tesla's SEC Filings May Hide Major Problems
(DBN)

____________

Hockey:

Falcons hockey fiasco still haunts Fresno finances
(DBN)

____________

Coal:

Ill. ruling points at coal plants' unsteady future
(DBN)

____________

Television:

Astros could consider alternate broadcasts
(DBN)

____________

Politics:

Trenton Mayor Tony Mack's corruption trial should not face same delays as his bankruptcy case
(DBN)

Activists reach out to 'the Elizabeth Warren wing' --- Politics 2016: Is there a White House bid for Sen. Elizabeth Warren ? --- Could the US be heading towards an Elizabethan era? --- Elizabeth Warren won't save the Democrats in 2016
(DBN)

____________

Economy:

Average 401(k) balances reach record high
(DBN)

NY manufacturing index registers first negative reading since May
(DBN)

What Yellen Didn't Tell Congress And Why It Matters
(DBN)

Rethinking Quantitative Easing
(DBN)

Fed Policy Aids U.S. Financial Strength BofA Deems Unrivaled
(DBN)

Global Economy: Evaporating inflation, elusive growth
(DBN)

Banks Want Higher Interest Rates
(DBN)

Tim Geithner Finally Cashes Out --- Geithner invests in life outside the White House
(DBN)

Larry Summers Gave An Amazing Speech Explaining The Fundamental Economic Problem Of Our Time
(DBN)

James Galbraith: There's Absolutely No Crisis In The Public Debt Of The USA
(DBN)

UBS: Inflation may finally be coming
(DBN)

The 12 Countries Most Vulnerable To A Financial Crisis
(DBN)

Five years after the economic meltdown, the world is still an ugly place
(DBN)

The Decline of US Driving
(DBN)

This Chart Destroys That Famous Myth About The Dollar Losing 90% Of Its Value
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Judge says Buffett-led group hurting ResCap --- Judge rules against ResCap noteholders, knocks legal tactics
(DBN)

More Cities Consider Using Eminent Domain to Halt Foreclosures
(DBN)

14 US cities where foreclosures are a big problem
(DBN)

ResCap Judge Limits Noteholder Right to Collect Interest
(DBN)

JPMorgan Sets Tentative $4.5 Billion Accord for Mortgage Bonds
(DBN)

Construction Claims: Trust Funds Can Go Poof
(DBN)

IRS: No Income to California Homeowners on Short Sales
(DBN)

CFPB Takes Action Against Mortgage Insurer
(DBN)

___________

Municipalities:

Detroit's mind-boggling streetlight issue is city's deepest embarrassment --- 6 reasons why Detroit streetlights don't work
(DBN)

Is state breaking the law by capping what it will repay for Detroit bankruptcy ordeal?
(DBN)

Parsing the legal and financial impact from Detroit’s bankruptcy
(DBN)

Wheels rolling in Detroit restructuring: Trash pickup, union deals among several developments
(DBN)

Bankruptcy or bust --- Uh, oh: Detroit's bankruptcy filing may be rejected
(DBN)

Way out of bankruptcy is hardest challenge
(DBN)

Rosen's plan could ease bankruptcy pain
(DBN)

Orr cancels furloughs for some Detroit nonunion employees
(DBN)

Turn an ear to what Judge Rhodes says
(DBN)

DIA 'willing to engage' in talks to preserve collection, spokeswoman says --- The DIA here to help Detroit — but it's not here to be raided
(DBN)

Calif. city may declare fiscal emergency in a bid to avoid 2nd bankruptcy filing
(DBN)

Desert Hot Springs: Careening toward bankruptcy --- Desert Hot Springs Fiscal Crisis No Surprise and No Emergency to Some
(DBN)

Judge dismisses CalPERS appeal of San Bernardino bankruptcy
(DBN)

Yes, California cities do have a serious pension problem
(DBN)

Alabama's Jefferson County Starts $1.8 Billion Bond Offer
(DBN)

Analysts, Investors Cite Concern as Jefferson County, Ala., Prices Debt
(DBN)

Jefferson County responds to opponents of its bankruptcy exit plan
(DBN)

US Cities Foreign Gov'ts Warn Citizens About
(DBN)

Muni Bond Manager's Journal: Will Your City Go Bankrupt ?
(DBN)

____________

Aviation:

The AMR Corp., US Airways Merger: Who Wins? --- Airline Merger Settled: Let the Fighting Begin --- American Airlines and US Airways Are Scrambling to Make Merger Take Flight --- 3 Important Numbers from the American-USAir Settlement --- Will Southwest and JetBlue Have a Field Day Courtesy of the DOJ? --- Lawyers in private antitrust action want a Nov. 18 pre-trial conference with American Airlines, US Airways --- American Airlines fights plaintiffs’ efforts to block merger and schedule a quick antitrust trial
(DBN)

AMR stock goes from nearly worthless to worthwhile --- To American Airlines Shareholders: The DOJ Actually Helped You
(DBN)

2 Surprising Truths Behind the DOJ's US Airways-American Airlines Merger Decision
(DBN)

Goodbye, AMR : American Airlines picks 'AAL' as new ticker symbol --- Nasdaq Wins Stock Listing for AMR -US Airways After Merger
(DBN)

Russia's Aeroflot rules out buying, or aiding, Alitalia
(DBN)

Airlines From The Gulf Just Went On A Monster Buying Spree - Spending $100 Billion In 15 Minutes
(DBN)

Do Guide Dogs Have a Right to Fly on a Plane?
(DBN)

____________

Fraud:

Justices to Revisit Securities Fraud Suits
(DBN)

The prosecutors with SAC Capital in their crosshairs
(DBN)

New SAC E-Mails Given Martoma as Steinberg Heads to Trial
(DBN)

Scott Rothstein’s former partner, Russell Adler, suspended
(DBN)

Convicted Pa. swindler gets prison for tax scheme
(DBN)

New Probe: Rigging $5.3 Trillion Currency Market
(DBN)

____________

Celebs:

The Broke and the Beautiful: DMX Dismissed Edition
(DBN)

Anna Nicole Smith killed the New York City Opera
(DBN)

MSNBC's Alec Baldwin Changes His Story --- MSNBC Show May Be Gone For Good After Recent Outburst
(DBN)

Tori Spelling Denies Broke Rumors
(DBN)

____________

Banking:

Moody's cuts ratings of three big US banks
(DBN)

JP Morgan Reaches Another $4.5bn Settlement
(DBN)

____________

Alternative Energy:

KKR and Google to Invest in Six US Solar Power Plants
(DBN)

____________

Corporate Reform:

Why No Bankers Go to Jail
(DBN)

____________

Telecoms:

LightSquared lodges claims against Ergen, Dish --- Suit Accuses Ergen of Improperly Buying Up Debt
(DBN)

____________

Mail:

Post Office Loses $5bn, but That's Better
(DBN)

____________

Religion:

Gallup Bankruptcy Will Not Affect Parishes
(DBN)

Gallup diocese's bankruptcy hearing starts
(DBN)

____________

Brokers:

Insurance for Futures Seen Feasible After MF Global’s Collapse
(DBN)

Insurers Weigh Forming Captive to Insure Customers of Bankrupt Futures Brokers
(DBN)

____________

Agriculture:

How Farmers View Climate Change
(DBN)

____________

Ethanol:

EPA Proposes Lower Ethanol Mandate for Gasoline
(DBN)

Corn is Falling After EPA Decision
(DBN)

In win for Big Oil, US proposes biofuel mandate cut
(DBN)

____________

Finance:

GE to Spin Off GE Capital
(DBN)

____________

New Bankruptcy Opinions
(12 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 (47 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:

For Secured Creditors, Too Late May Be Too Little
(DBN)

Valuing Secured Claims: The Importance of Credible Testimony and Postpetition Rents
(DBN)

____________

Finance:

Break-Up Fees in Bank Holding Company Bankruptcies
(DBN)

____________

Recent Pleadings:

 

______________

TBTF:

Moody's Thinks We've Solved Too-Big-To-Fail
(DBN)

Fed says Ally's new capital plan may proceed
(DBN)

Fed's Rosengren Says Banks With Broker-Dealer Units Pose Risks
(DBN)

____________

Litigation:

Triangulating Discovery Productions
(DBN)

____________

Weather:

Tornadoes, damaging storms sweep across Midwest --- 'Whole neighborhoods where there's nothing left'
(DBN)

____________

Retailing:

Retailers tracking shoppers inside stores
(DBN)

Kmart isn't Greedy: It's Our Customers
(DBN)

Sales at Wal-Mart, Macy's hint at two consumer realities
(DBN)

____________

Education:

Students left hanging when school files bankruptcy
(DBN)

College President Retirement Packages Rise Along With Tuition
(DBN)

____________

Student Debt:

How Bankruptcy Affects College, Grad School Financing
(DBN)

Is the Student Debt Bubble Getting Worse?
(DBN)

Student loan debt changes welcome
(DBN)

My Education, Repossessed
(DBN)

____________

Accounting:

PricewaterhouseCoopers May Be on the Hook IN Defunct Hedge Fund Case
(DBN)

Grant Thornton Loses Tax-Shelter Case
(DBN)

____________

Gambling:

Loveman: No bankruptcy seen for Caesars Entertainment Corp.
(DBN)

____________

Newspapers:

Lead Bidder Offers $1.9 Million for El Vocero Newspaper
(DBN)

____________

Buses:

FBI has investigated DesignLine over used parts, attorney says
(DBN)

____________

Movie Reviews:

'Sunlight Jr.' portrays the bleak and bankrupt brilliantly
(DBN)

____________

Lehman:

Lehman Brothers Bank Subsidiary Sues MassDOT
(DBN)

____________

Imaging:

Kodak's final bankruptcy bill: $243,073,297
(DBN)

____________

Sovereigns:

Argentina Bondholders Forming Steering Committee, Gramercy Says
(DBN)

Griesa throws out ‘vulture fund’ request
(DBN)

____________

UK:

Ministers accused of 'quietly dropping' crackdown on insolvency rules for high street failures
(DBN)

Whose Recovery is This?
(DBN)

Barclays finds home for riskiest CoCos yet
(DBN)

Former Co-op Bank head Flowers filmed agreeing to buy drugs-newspaper --- Suspended as Church Minister
(DBN)

Self-employed financial adviser given 14year bankruptcy restriction after stealing clients’ money to fund extravagant lifestyle
(DBN)

____________

PIIGS:

Plant occupied as Spanish co-operative Mondragon heads for bankruptcy
(DBN)

Greeks rally against austerity, mark 40 years since student revolt
(DBN)

____________

Canada:

Ontario Court of Appeal Applies AbitibiBowater Test in Concurrent Decisions
(DBN)

Directors and officers insurance policies: pay attention to the details
(DBN)

Toronto council strips Mayor Rob Ford of powers
(DBN)

Toronto 'Crack Mayor' Rob Ford Gives Inappropriate Press Conferences In 'SNL' Open
(DBN)

____________

Germany:

Sale of insolvent German DIY chain Max Bahr collapses --- Max Bahr to enter liquidation after sale talks fail
(DBN)

____________

Finland:

Finnish state fund says more investment in Talvivaara not viable
(DBN)

Nyrstar weighs short-term financial support for Talvivaara
(DBN)

Talvivaara seeks court-supervised overhaul as fundraising flounders
(DBN)

____________

China:

China's 'Big Four' Banks Are The Losers Of Sweeping New Reforms
(DBN)

Scary China Demographics Chart
(DBN)

Chinese Balk at Child-Rearing Costs
(DBN)

China looks to shake up its financial sector
(DBN)

China's sweeping reforms: 5 key ones you should know
(DBN)

China's Bold Reforms Are Bad News For Markets
(DBN)

Eleven Dead After Mob With Axes Attack Chinese Police Station
(DBN)

____________

Japan:

Japan's Tepco to shed more than 1,000 jobs
(DBN)

____________

Iceland:

Iceland Tells Bank Creditors Not to Bet on 75% Claims Writedown
(DBN)

____________

India:

Who Pays When India’s Billionaires Don’t Go Bust?
(DBN)

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Copyright 2013