October 24, 2013

The Daily Bankruptcy News

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Law:

Jones Day objects to "excessive" fees submitted by Proskauer and Dewey on MF Global administration --- MF Global Fee Dispute Snares Both Dewey and Proskauer
(DBN)

A Good Week for Howrey's Creditors --- Firms Fight Howrey Estate on Unfinished Business Claims
(DBN)

The Rise of 'Large Enough' Law Firms
(DBN)

Weil Weil West: Weil Gotshal Reiterates Its Commitment To Texas
(DBN)

Was a contract lawyer for Quinn Emanuel entitled to overtime pay? Judge hears arguments --- Document Review Is Apparently Only For The Most Superior Of Legal Minds, Says Quinn Emanuel
(DBN)

Transparency in corporate legal bills is more important than the lowest price, CLO survey finds
(DBN)

Altman Weil 2013 Chief Legal Officer Survey Results
(DBN)

In-House Legal Departments Turning Into Mini-Firms?
(DBN)

A GC and a Litigation Counsel's Fireside Chat
(DBN)

Stealth Lawyer: Peter Kim, Food Museum Director
(DBN)

Business of Law
(DBN)

Is This ‘Attorney’ Job Heading Offshore?
(DBN)

No class certification in job stats suit against Thomas Jefferson Law School, judge rules
(DBN)

Super-Serious Law Student Gets Out Of The News Business
(DBN)

Draft Law School Reforms Could Have Broader Implications
(DBN)

Lawsuit Accuses Prominent Law School Dean Of Sexual Harassment (And More)
(DBN)

A New Ranking Of The Best Law Schools
(DBN)

Bankruptcy Judge Tosses Wealthy Debtor's Claims of Extortion --- Judge tosses Manhattan woman's bankruptcy bid, saying she made up a story about being extorted for $1.7 million
(DBN)

Memo to Workers: The Boss Is Watching
(DBN)

Germany: We Think The NSA May Have Tapped Chancellor Angela Merkel's Cell Phone For Years --- Europe Anger at U.S. Spying Ignores Fact Everyone Does It --- NSA Recorded 124 Billion Phone Calls -- in One Month --- Claim on “Attacks Thwarted” by NSA Spreads Despite Lack of Evidence
(DBN)

Can You Smoke Pot Without Being Disbarred? Wash. Lawyers Want to Know
(DBN)

Lawyer agrees to disbarment for abdicating law firm to nonlawyers
(DBN)

Lawyer fights debt collecting zombies in law firm ad
(DBN)

Judge grants new trial for Kennedy cousin Skakel in 1975 slaying of teenage neighbor
(DBN)

Cops Shoot And Kill 13-Year-Old Boy Playing With Toy Rifle In California
(DBN)

Police Called to Investigate Breakroom Jell-O Theft
(DBN)

Man's body found hanging in apartment -- 8 years later
(DBN)

Mother charged after firing gun into air to scare off daughter's attackers
(DBN)

Trial begins for lawyer accused of conspiring to launder up to $600M for Mexican drug cartel
(DBN)

Saudi Arabia licenses its first women lawyers
(DBN)

Police Officer Who Pepper Sprayed Cal-Davis Students Given Workers’ Compensation For Depression
(DBN)

Say What?!
(DBN)

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Judges:

Delaware's 'secret trials' violate 1st Amendment --- Judges Can't Hold Secret Arbitrations, Court Rules
(DBN)

Judge charged with battery over dog-waste dispute near his home
(DBN)

This Federal Judge Appears To Have Misunderstood The Modern Use Of The Word 'Hacker'
(DBN)

Bankruptcy Judge Releases Lawyer Jailed for Contempt
(DBN)

Judge accused of drug buy faces deeper probe by judicial council
(DBN)

Tech Gold Rush Strikes CA Courts
(DBN)

Strangers donate $14K to woman facing petty theft case over $3 in courthouse fountain coins
(DBN)

How a theater company turned a SCOTUS case into a rollicking new play
(DBN)

Supreme Court seeks answers from 'wild hypotheticals'
(DBN)

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Wall Street:

Stock futures point to rebound
(DBN)

Markets Are Drifting Higher
(DBN)

U.S. Stocks Finish Lower
(DBN)

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

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Layoffs:

No, artificial intelligence isn’t going to take all of our jobs
(DBN)

Why young people say 'no' to working
(DBN)

Barack Obama Is A Destroyer Of Government Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Mayors to Justice: Stop holding up AA-US Airways merger
(DBN)

US Airways net income dips on higher taxes --- Nutter pushes for merger
(DBN)

The Incredible Shrinking Plane Seat
(DBN)

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Food/Beverage:

Fresh & Easy moving forward with bankruptcy
(DBN)

Safeway CDS reflects high risk of LBO
(DBN)

____________

Religion:

Specter of bankruptcy may loom over archdiocese
(DBN)

Judge: Church sex abuse victim can't get more money from bankruptcy case
(DBN)

Another ruling favors Milwaukee Archdiocese in bankruptcy case
(DBN)

Pope Puts Bishop on Leave Over $43 Million Residence
(DBN)

Study: Religious More Likely to Lie for Gain
(DBN)

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Corporate Reform:

Elizabeth Warren to Wall Street Regulators: Put Big Bank CEOs in Jail --- Sen. Warren asks whether federal agencies are enforcing as well as TARP watchdog --- Sen. Warren to Financial Regulators: Get Aggressive
(DBN)

The JPMorgan settlement: A sign of Dems' new economic populism?
(DBN)

More banks in the crosshairs after JPM deal
(DBN)

Wall Street's unpaid debt
(DBN)

After Tough Talk, Dimon Caves On Mortgage Litigation
(DBN)

Jamie Dimon’s Original Sin: ‘America’s Best Banker’ Was Overrated From the Start
(DBN)

Don't Worry, Jamie, Lloyd's Shown the Way
(DBN)

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Education:

College Tuition Hikes Slow, but Aid Falls
(DBN)

George Washington University Rejected Students Because They Were Too Poor
(DBN)

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Economy:

Thursday: Unemployment Claims, Job Openings
(DBN)

'The Same Bozos Who Missed The Last Bubble Deny There Is One Now'
(DBN)

McDonald's Tells Its Employees to Sign Up for Food Stamps
(DBN)

A Complete History Of American Economic Performance Since 1790 In Two Charts
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US jury rules against Bank of America in mortgage trial --- Bank of America liable for Countrywide mortgages fraud
(DBN)

BofA mortgage fraud case is 'Alice in Wonderland'
(DBN)

LPS: Mortgage Delinquency Rate increased in September, In-Foreclosure Rate lowest since February 2009
(DBN)

Foreclosed homes still 50% occupied
(DBN)

The real culprits of the housing crisis go unpunished
(DBN)

Don't Kill Fannie and Freddie
(DBN)

Step Inside A $4 Million Dream Bachelor Pad
(DBN)

AIA: Architecture Billings Index Increases in September
(DBN)

Hamptons Sales Surge Fuels High-End Home Tear-Downs
(DBN)

___________

Municipalities:

Detroit bankruptcy fight stretches into second day
(DBN)

Detroit Bankruptcy Trial Begins, Court To Decide Whether City Was Eligible To File For Chapter 9 --- Was it legal for Detroit to file for bankruptcy ? --- 'Mountain of evidence' proves Detroit is eligible for bankruptcy, city argues --- Judge to decide whether city hoodwinked opponents --- DIA comments at bankruptcy trial: What did they signal? --- Detroit analyst faces grilling in bankruptcy trial --- Restructuring consultant, Detroit police chief to take witness stand in bankruptcy trial --- Lawyer: Snyder will testify at bankruptcy trial
(DBN)

Retirees, others protest at Detroit courthouse --- Outside courthouse, protesters raise their opinions on Detroit bankruptcy
(DBN)

In Detroit bankruptcy trial, union says city had pensions in sight --- Detroit retirees, employees: Gov. Rick Snyder planned bankruptcy all along
(DBN)

Detroit Averted ‘Payless Payday,’ Analyst Tells Court
(DBN)

Detroit bankruptcy trial: City says it got 'a lot of no' in negotiation tries --- In Detroit bankruptcy trial, ‘good faith’ bargaining at issue
(DBN)

The hard question for Detroit bankruptcy judge is not about debt
(DBN)

Detroit city council rejects DIP --- Members Of The Detroit City Council Are Trying To Play Investment Bankers --- Detroit council: Counterplan for $350M bankruptcy loan by Friday
(DBN)

Could feds have saved Detroit from bankruptcy ?
(DBN)

Duggan: No guarantee Detroit's emergency manager is leaving in 18 months
(DBN)

Detroit Poised for First White Mayor Since ’74 as Politics Shift
(DBN)

Pensions loom large in Detroit bankruptcy
(DBN)

In Detroit, for good and bad, nothing is impossible
(DBN)

Key players in Detroit's bankruptcy largely unknown, until now
(DBN)

Jack Lessenberry talks Detroit bankruptcy , NERD fund
(DBN)

CalPERS renews bankruptcy fight with San Bernardino
(DBN)

Syracuse bankruptcy could be blessing in disguise?
(DBN)

Hedge Funds Revealing Puerto Rico Too Cheap to Fail --- Pimco Avoids Puerto Rico in Tax-Free Funds Amid Island Woes
(DBN)

Harrisburg hoping to avert cashflow crisis --- Harrisburg Council rushing to approve parts of recovery plan
(DBN)

Flint's former emergency manager to get paid $11,000 for about 3 weeks of work as consultant
(DBN)

Prosecutor: Secret formula used in Bell corruption
(DBN)

U.S. Cities Still Reeling from Great Recession
(DBN)

The 10 Cities With The Fastest Growing Incomes In America
(DBN)

____________

Construction:

Caterpillar shares down as profit falls 44%
(DBN)

____________

Tax:

US 2014 tax-filing season delayed up to 2 weeks: IRS
(DBN)

____________

Compensation:

What Bankers Around The World Expect This Bonus Season
(DBN)

____________

Fraud:

Ex-Bristol-Myers executive gets 1 year prison for insider trading
(DBN)

Ex-Madoff Aide Said to Have Written His Own Bonus Checks
(DBN)

JPMorgan Faces Possible Penalty in Madoff Case
(DBN)

Ecuador Judge Testifies to Taking Bribes in Chevron Suit
(DBN)

____________

Distressed Investing:

Aurora Capital Group Closes Second Resurgence Fund at $550 Million
(DBN)

____________

Awards:

The Top 500 Leading American Lawyers
(DBN)

____________

Electricity:

Edison Mission Bondholders Support $2.6 Billion NRG Sale
(DBN)

____________

Aviation:

Parker: If you look at our credit rating, we’re not doing all that well yet
(DBN)

Oklahoma AG plans to weigh in on the American Airlines-US Airways case
(DBN)

____________

Politics:

Report: GOP Leader Told Obama 'I Cannot Even Stand To Look At You'
(DBN)

____________

Banking:

FDIC Issues Statement on D&O Insurance Exclusions and Civil Money Penalties
(DBN)

Dutch lender faces $1 billion Libor charge
(DBN)

____________

Management:

Why organizations fail
(DBN)

____________

Celebs:

Blue singer Simon Webbe has declared himself bankrupt
(DBN)

Bankrupt Detroit needs to cut red tape: Kid Rock
(DBN)

____________

Gambling:

Miami Jai-Alai heading for bankruptcy auction
(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 (8 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:

Don’t Designate – Compensate! Court Rules that Designation Is Only Warranted Within the Four Corners of the Bankruptcy Code
(DBN)

____________

Recent Pleadings:

Bevy Of BigLaw "Unfinished Business" Targets Assail Dewey 2004 Request - "Premature and Inappropriate"
(DBN)

______________

Book Review:

Tabb on Bankruptcy
(DBN)

____________

Litigation:

Seeking E-Discovery Salvation in the Cloud
(DBN)

____________

Mass Torts:

WR Grace CEO says unlikely to exit bankruptcy this year
(DBN)

____________

Privacy:

Privacy Concerns Nix Bankruptcy Sale of Online Dating Site
(DBN)

____________

Hotels:

Los Angeles company offers top bid for Hilo resort
(DBN)

____________

Lehman:

Lehman Sues Giants Stadium Over Termination of Swap Deals
(DBN)

____________

Health Care:

Health Care Cost Inflation Is Tumbling
(DBN)

Medical Mistakes: 3rd Leading Cause of Death
(DBN)

‘HealthCare.gov is in de facto shutdown’
(DBN)

Many Obamacare Shoppers Don't Buy
(DBN)

‘No, you cannot do that’: Trying to buy Obamacare over the phone
(DBN)

Here’s what happened at yesterday’s White House meeting with health insurers --- White House Denies Change To Obamacare Deadline
(DBN)

Hot seat for health care exchange website builders --- Contractors Assign Blame, but Admit No Faults of Their Own --- Contractors Point Fingers
(DBN)

Even Democrats Are Talking About Delaying Obamacare After Disastrous Rollout
(DBN)

Cruz Gets Healthcare from Goldman Sachs
(DBN)

Here’s how the White House just tweaked Obamacare
(DBN)

The Cardiologist Who Spread Heart Disease
(DBN)

____________

Brokers:

Beverly Hills securities broker target of Wall Street complaint
(DBN)

____________

Student Debt:

Student Loan Reality Check: Are Lenders the Problem?
(DBN)

____________

Lehman:

Lehman Judge's Decision Lets Citi Keep Collecting Interest on $2B
(DBN)

____________

Retailing:

RadioShack Loss Deepens Amid Turnaround Effort --- RadioShack Loans Not Enough for Turnaround
(DBN)

____________

Corporate Governance:

This Man Has Quietly Transformed Corporate America
(DBN)

____________

Student Debt:

Paging Elizabeth Warren: Student loan providers are likely screwing you over
(DBN)

____________

Accounting:

Deloitte to pay one of largest civil penalties imposed by audit watchdog
(DBN)

____________

Sovereigns:

Deal proposed for Argentine debt stalemate
(DBN)

____________

UK:

Scottish Company Insolvencies Rise 45.7% in Second Quarter --- Insolvencies 'spike' as Scots economy improves
(DBN)

Growing evidence of 'robust recovery' in UK economy, says Bank of England
(DBN)

__________

EU:

Euro-zone private-sector growth slows in October
(DBN)

____________

PIIGS:

ie: Date set for Drumm's trial
(DBN)

Hedge funds prepare to mop up bad Spanish company loans
(DBN)

____________

Canada:

Suspension Denied: ONCA Confirms that Automatic Stay Pending Appeal does not Suspend the Limitation Period
(DBN)

____________

Germany:

KKR nears deal to restructure German car repair chain ATU
(DBN)

____________

Poland:

Poland's roads to ruin
(DBN)

____________

China:

Top China Banks Triple Debt Write-Offs as Defaults Loom
(DBN)

Chinese Manufacturing Hits Seven-Month High Of 50.9
(DBN)

____________

Brazil:

Batista Bust Fuels Brazilian Bankruptcy Business
(DBN)

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