November 5, 2013

The Daily Bankruptcy News

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Law:

Biglaw Residency Programs: Great Training for Solos
(DBN)

Average profit per partner of $1.6M at top UK law firms is less than in US, survey says --- Top tier UK partners are millionaires
(DBN)

What Works to Develop New Business for Law Firms in the “New Normal”?
(DBN)

King & Wood SJ Berwin merger gets setback as star defects
(DBN)

A Profession On The Verge Of A Paradigm Shift?
(DBN)

FBI-Tested Tactics For Quickly Building Rapport With Anyone
(DBN)

On CLE And Embarrassing Yourself Publicly
(DBN)

The Recruiter You Dated At Your Firm Turns Out To Be Crazy, Now What?
(DBN)

Night calls soar to lawyers
(DBN)

Freshfields uses research to market crisis management team
(DBN)

How Not To Make An Energy Lawyer: Law Students Object To The Politicization Of Their Studies
(DBN)

Lawyer Offers Money To Discourage People From Going To Law School
(DBN)

Law students release legal parody of Lorde’s number 1 hit ‘Royals’
(DBN)

Milbank's Bête Noire Is Now Law School Dean
(DBN)

How did each Texas law school’s graduates fare on the July Texas bar exam?
(DBN)

A different take on the alleged "crisis" in legal education
(DBN)

Generation Y Users Treat BYOD Rules With Contempt
(DBN)

Biglaw Partner Declares Discrimination Over, Forgets Those Pesky Lawsuits
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Finalists
(DBN)

Time Associate GC Helen Wan talks about her ‘unvarnished look’ at the legal industry
(DBN)

California Police Believe Trick-Or-Treating Candy May Have Been Laced With Meth And Other Drugs
(DBN)

Let's Bring Back The Guillotine For Capital Punishment
(DBN)

Alabama town of Harper Lee's 'To Kill a Mockingbird' stung by her lawsuit
(DBN)

The Miami Dolphins Suspend Veteran Richie Incognito Amid Bizarre Bullying Allegations
(DBN)

Teen Who Auctioned Off Her Virginity Gets Green-Light from Cops
(DBN)

No Review of Facebook "No Money" Class Settlement But It Got Chief Justice's Attention
(DBN)

Man Sets Wife on Fire While Playing with Lighter at Gas Station
(DBN)

Drunk Dudes Steal Circus Llama, Take It on a Streetcar Joyride
(DBN)

Angry prospective juror says what he thinks on questionnaire, gets 3 days in jail instead
(DBN)

Movember: Workplace Styles and Tips for No Shave November
(DBN)

Leahy: NSA Can't Keep Our Secrets
(DBN)

There'll be no silence in court with the singing lawyer
(DBN)

Woman Arrested For Driving Ailing Father To Hospital
(DBN)

The Rules of Business- or Dress-Casual (For Ladies)
(DBN)

Mom Defends Dressing Up Son As KKK Member for Halloween: It's Tradition
(DBN)

Call me Captain Justice: Lawyer requests euphemisms after prosecutor seeks ban on ‘government’ word
(DBN)

Say What?!
(DBN)

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Judges:

Judge Upbraided for Waving Gun on the Road
(DBN)

Ouch! So What Does That Make Magistrate Bankruptcy Judges?
(DBN)

Ex-cop was furious at feds, sick and brokenhearted when he shot up courthouse, US Attorney says
(DBN)

Do Judges Have First Amendment Rights?
(DBN)

More on “relatedness,” Judge Scheindlin and the Second Circuit
(DBN)

US Supreme Court History of Facial Hair
(DBN)

Judge was hall-of-fame rodeo clown
(DBN)

Rules Reconsidered as iPads, Hyperlinks Aid Fifth Circuit Judges
(DBN)

Judge Discovers Lawyer's Suspension, Declares Mistrial
(DBN)

Courthouse escapee leads police on high-speed chase, is captured after crash
(DBN)

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Wall Street:

Futures heading lower as markets await jobs report
(DBN)

Wall Street gains modestly after data
(DBN)

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

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Layoffs:

Kellogg To Cut 7% Of Global Workforce
(DBN)

Creative Memories layoffs continue as bankruptcy proceeds
(DBN)

Jobs Forecasts Cast a Wide Net
(DBN)

Americans are losing their will to work
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Attorney General Eric Holder: We are in ‘ongoing’ settlement talks with airlines
(DBN)

AMR route divestitures could resolve antitrust suit, DOJ says
(DBN)

Airline CEO, Bondi meet to discuss proposed merger
(DBN)

DOJ: We don’t object any more to all the ‘friends’ in the American Airlines-US Airways case
(DBN)

If you had invested $1,000 in American's stock the day it filed for bankruptcy, you'd have $37,846.15
(DBN)

Ryanair cuts profit forecast again as fares tumble --- Ryanair works out that abusing the customers can only take the profits so far --- Ryanair Wants To Be Your Friend. Will You Believe It?
(DBN)

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Electricity:

Longview Power Seeks Loan to Support Exit From Bankruptcy --- Lines Up $150 Million in Bankruptcy Financing
(DBN)

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Textbooks:

Cengage Lenders Say Junior Bondholders Can't Pursue Payment
(DBN)

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Health Care:

Bankruptcy court judge adjourns Interfaith Medical Center’s case until next week --- Supporters of Interfaith win a short, late adjournment
(DBN)

Brooklyn's Interfaith Medical Center Likely to Start Its Closing Plan
(DBN)

Moody's: Hospital Downgrades Have Surpassed Upgrades Every Quarter This Year
(DBN)

More Layoffs on the Way at Northside Medical Center
(DBN)

SSM Wants to Exit Management Contract With Bankrupt Oklahoma Hospital
(DBN)

6 other Obamacare promises - and these are very much coming true
(DBN)

Health Care Law Gets Real for Americans
(DBN)

Insurance canceled: A message to President Obama
(DBN)

Duct Tape Politics
(DBN)

How politics, partisanship, and spin doomed HealthCare.gov
(DBN)

Under Health Care Act, Millions Eligible for Free Policies
(DBN)

Obamacare "Victim" in Florida Happy She Can Get Real Coverage
(DBN)

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Oil/Gas:

Groups Reach $14 Million Settlement Regarding Contaminated Oil Refining Site
(DBN)

Whose fault was Norse Energy's bankruptcy ?
(DBN)

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Student Debt:

Why it's so hard to settle student loan debt
(DBN)

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Economy:

Factory orders climb 1.7% in September
(DBN)

Median wage falls to lowest level since 1998
(DBN)

US business spending plans slumped sharply as debt fight heated up
(DBN)

Calls to raise taxes for the rich are growing
(DBN)

Americans’ Debt Hangover Seen Ending in Boost to Growth
(DBN)

Gas And Food Prices Have Hit Their Lowest Levels Of The Year
(DBN)

Richard Fisher: US Gov't to Blame for Slow Recovery
(DBN)

Fed’s Bullard: December Bond Taper Remains A Possibility --- Fed's Bullard: $1 trillion a year QE pace 'torrid'
(DBN)

Fed taper in 2014? That's just 'wishful thinking'
(DBN)

Goldman: Two Fed Economists Have Given Us A Big Hint About What The Fed's Next Easing Move Will Be
(DBN)

Americans' Self-Reported Spending Up Slightly in October
(DBN)

Americans Expect Changing World Order: Survey
(DBN)

Low inflation means no hurry to taper stimulus, top Fed official says
(DBN)

Bullard Says Jobs Not Sole Determinant of QE Buying Pace
(DBN)

U.S. Banks Ease Business-Loan Standards, Fed Survey Shows
(DBN)

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

Two Maps That Show How American Migration Patterns Have Dramatically Changed
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Robert Shiller: We May Be On The Verge Of A Revolution In The US Housing Market
(DBN)

First-Time Home Buyers On The Decline, NAR Survey Reveals
(DBN)

Home Builders Have Marginal Concern for 2014
(DBN)

LPS on Mortgages: New Problem Loan Rates Close to Pre-crisis Levels
(DBN)

QM Isn't "Plain Vanilla"
(DBN)

Witnesses testify before Senate Banking Committee on housing finance reform
(DBN)

Hensarling: Warnings of FHA’s insolvency “proven correct”
(DBN)

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Municipalities:

Detroit emergency manager pressed on pension cuts during trial --- Judge puts Detroit on the spot over pension remark --- Orr spars with judge as bankruptcy eligibility testimony ends --- Detroit Emergency Manager Ends Testimony, Unions Begin Case --- Union Official Speaks In Detroit Bankruptcy Trial --- Orr On Hot Seat In Bankruptcy Trial, Craig Talks Cop Morale --- Detroit manager denies bankruptcy was in the bag
(DBN)

Live blog: Day 6 of Detroit bankruptcy hearing resumes
(DBN)

Detroit bankruptcy trial today: Dillon, AFSCME official, Snyder aide may testify
(DBN)

A few more days left in Detroit bankruptcy trial
(DBN)

Michigan Treasurer To Testify in Detroit Case
(DBN)

Bankruptcy shadows Detroit's mayoral election --- Why run for Detroit mayor? Winner may have real chance for change
(DBN)

Mike Duggan: The new face of Detroit’s City Hall?
(DBN)

In race for Detroit mayor, race doesn't seem to matter
(DBN)

Man elected Detroit mayor must forge relationship with emergency manager
(DBN)

Sander Levin, Mike Rogers go back and forth on Detroit bankruptcy
(DBN)

Detroit: A city built for 2 million, with 700000 left
(DBN)

Stockton sales tax plan set to end bankruptcy , pensions spared
(DBN)

Why Jefferson County must hit the road over next two weeks to get out of bankruptcy
(DBN)

Jefferson County Details $1.74 Billion Sale to Exit Court
(DBN)

Bankrupt San Bernadino's Politicians Face Election Today
(DBN)

The Wild, Weird Underground New York You Haven't Seen
(DBN)

____________

Telecoms:

BlackBerry shocker: Buyout deal falls apart; Heins out as CEO --- Extra Cash and New Chief Buy BlackBerry Just a Bit More Time --- Ousted BlackBerry CEO Had $56 Million Golden Parachute — But It May Not Have Deployed --- BlackBerry tries to keep the lights on --- Shares Plummet --- BlackBerry Was Just Kidding About Someone Buying It --- BlackBerry says it has no plans to shut handset unit --- With More Breathing Room, BlackBerry Could Still Turn Around --- Chen's BlackBerry Revival Task Mirrors Sybase in 1990s --- What a Big Investment Says About BlackBerry's Endgame --- BlackBerry Comeback Hampered by Vanishing Cash
(DBN)

$1B investment in Blackberry might be a bid to control its bankruptcy
(DBN)

LightSquared Still Seeking Wireless Spectrum Asset Bidders
(DBN)

____________

Corporate Reform:

Steve Cohen Will Probably Earn Enough This Year To Cover His Hedge Fund's New $1.2 Billion Settlement
(DBN)

House subcommittee discusses proposals to enhance accountability at CFPB
(DBN)

The New Yorker Profile Of Mary Jo White - 'Sid Vicious'
(DBN)

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Antitrust:

The Case for Joint, Several Liability of Reorganized Debtors That Continue to Participate in Antitrust Conspiracies Post-Discharge
(DBN)

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Retailing:

Discount retailer Building #19 files for bankruptcy --- To Close All 10 Stores
(DBN)

Fear of 'showrooming' fades at Best Buy
(DBN)

Retail sales increase 0.4 percent in September
(DBN)

Gap Downgraded As Sales Weakness Expected To Continue
(DBN)

Fitch Cuts Avon's Rating, On Watch for Further Downgrade
(DBN)

____________

Gambling:

Atlantic City Casino Values Drop
(DBN)

____________

Ethanol:

Indiana ethanol plant to restart after being idle a year
(DBN)

____________

Rail:

Maine railway seeks loan to operate through bankruptcy
(DBN)

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Pigeons:

Galbraith pleads not guilty as Pigeon King trial begins
(DBN)

____________

Bankruptcy Crimes:

Lawyer gets prison time for fraud in Jackson County
(DBN)

____________

Finance:

Fed Survey: Banks eased lending standards, "little change in loan demand"
(DBN)

____________

Fraud:

SAC to pay record $1.8B in insider trading case --- After a Decade, SAC Capital Blinks --- SAC Will Plead Guilty to End Insider-Trading Case --- Will Shut Down To Outside Investors --- Liveblog of the News Conference Detailing the SAC Insider-Trading Settlement --- The Rise And Fall Of Steve Cohen
(DBN)

Johnson & Johnson to pay $2.2 billion to end U.S. drug probes
(DBN)

Scott Rothstein abused wife Kim, new court filing says
(DBN)

Madoff Trustee Wins Ruling Easing Suits Against Financial Institutions
(DBN)

Madoff Secretary Saw ‘Smug’ IT Guys After Private Meeting
(DBN)

SEC Alleges $150M Real Estate Ponzi
(DBN)

October 2013 Ponzi Scheme Roundup
(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 (87 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Bankruptcy filings drop 14.2% in Rochester region
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

Deeper into the Darkling Abyss: The 5th Circuit joins the 6th and 7th Circuits in Finding that Consent Cannot Cure A Bankruptcy Court's Stern Infirmity
(DBN)

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Tax:

Lessons in Language: Delaware Bankruptcy Court Weighs In on the Treatment of Tax Refunds Under Tax Sharing Agreements
(DBN)

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Ethics:

Ethics, Empiricists and International Insolvency at NCBJ
(DBN)

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Bankruptcy Reform:

Bankruptcy Reform Commission at NCBJ
(DBN)

____________

Celebs:

DMX Promises to Play Nice in Bankruptcy
(DBN)

Sixteen NFL Stars Claim Bank Took Them to the Cleaners
(DBN)

Casey Anthony bankruptcy hearing: Key rulings expected
(DBN)

____________

Food/Beverage:

Alma Rosa Winery Receives Offer From PE Firm Co-founder
(DBN)

What's ahead for restaurants in 2014? One survey says fewer diners
(DBN)

Frozen in history, a defunct sugar plant lives on
(DBN)

Dozens of Deadly Spiders Burst from Banana As Woman Prepares to Eat It
(DBN)

____________

Autos:

Car rental company Advantage to be placed under Chapter 11 --- Simply Wheelz to File for Bankruptcy After Hertz Talks Collapse --- Franchise Services of North America Inc. announces bankruptcy filing by Simply Wheelz LLC
(DBN)

Romney feared anti-bailout stance would 'sink' GOP bid
(DBN)

____________

Brokers:

Jon Corzine Can't Pay Damages With Creditor Money
(DBN)

Corzine, Other Former MF Global Executives Seek Suit Dismissal
(DBN)

____________

Credit Reporting:

New Equifax Risk Score Helps Lenders Minimize Bankruptcy Losses | 4-Traders
(DBN)

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Trucking:

YRC Worldwide asks employees' help to refinance debt
(DBN)

____________

Buses:

School bus operator Atlantic Express files for bankruptcy
(DBN)

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Pensions:

PBGC to take over Pennfield pension fund
(DBN)

____________

Sovereigns:

No Argentine Settlement Yet. Some Light Reading While You Wait?
(DBN)

____________

UK:

High Court blocks second John Alex Kane bankruptcy bid
(DBN)

Scot Young and the $4.5 billion Post-It note: Court hears of bankrupt tycoon's Facebook 'profit' in high-profile divorce case
(DBN)

Future of mid-tier law firms under threat, says PwC
(DBN)

Corporate power behind the throne held to account as a shadow director
(DBN)

Pub company goes into administration
(DBN)

British banks face new bill for past investment advice
(DBN)

Co-operative details bank rescue plan
(DBN)

Co-op conflict sees A&O lose out as bank readies for new GC
(DBN)

U.K. Business Lawsuits Rise as Lehman-Claims Expiry Date Looms
(DBN)

Insolvency rise kept in check
(DBN)

British banks face new bill for past investment advice
(DBN)

____________

EU:

Debt Trading in Distressed Europe
(DBN)

European Commission predicts 'turning point' in Europe
(DBN)

____________

PIIGS:

ie: Quinn family gets permission to sue Seán FitzPatrick --- David Drumm bankruptcy trial due to be heard next May --- Hundreds of deals expected under mortgage initiative
(DBN)

Bailout creditors, Greece to restart reform talks --- Greece's debt inspectors back amid austerity anger
(DBN)

Power bills squeeze Italian business --- Italian Banks Are Near Their Saturation Point On Government Debt
(DBN)

____________

Canada:

Developers of Canada LNG Export Terminal Seek Reorganization
(DBN)

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Austria:

Liquidating Hypo Alpe Adria not an option-chairman
(DBN)

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Brazil:

Itau’s Provisions Seen Sufficient to Cover Batista Losses
(DBN)

After bondholders, OSX, Schlumberger, Ensco top OGX creditor list
(DBN)

____________

Japan:

Japan's Fukushima operator mulls overhaul to counter break-up plans
(DBN)

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Latvia:

Latvian steelmill insolvent , may lay off 1000 workers
(DBN)

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Copyright 2013