October 30, 2013

The Daily Bankruptcy News

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Law:

The smart money was never on Goliath: Does BigLaw have his same disadvantages?
(DBN)

Biglaw Associate Says He’s In Too Much Debt To Commit Suicide
(DBN)

With All Due Respect, Your Honor, Math Is Really Hard
(DBN)

Business of Law
(DBN)

What lawyers put in online profiles versus what clients want in profiles
(DBN)

A Simple Solution To The Lawyer Glut
(DBN)

10 Things Every New Lawyer Should Do—Right Now
(DBN)

Law firms experience big jump in mergers
(DBN)

Which Biglaw Firms Have The Most Satisfied Litigators?
(DBN)

Chairman and CEO of Munsch Hardt Kopf & Harr to leave top job, seek Republican nomination for Texas House of Representatives
(DBN)

Ex-Sidley Partner Suspended For False Expense Filings
(DBN)

This Pretty Much Sums Up The Plight Of The Unemployed Lawyer
(DBN)

Goldman Sachs Tells Newbies to Work Less: Will BigLaw follow along?
(DBN)

9 Instagram photos that law firms wouldn’t use in their recruitment brochures
(DBN)

Displaced Lawyers: Are you obsessed what people might be thinking about you?
(DBN)

Biglaw Business Development (Part 2) — The Harder Way
(DBN)

The Economic Value of a Law Degree: Means, Medians, Modes --- I talk with my students about the Value of a Law Degree
(DBN)

This May Be The Best Cease And Desist Letter Ever Written
(DBN)

Osborne Clarke opens New York office
(DBN)

Could It Be Satan? Yes, Says Union in Dispute With Law School
(DBN)

New England Law School: Will faculty endure sweatshop conditions?
(DBN)

You Won’t Believe The Lengths One Firm Has Gone To Keep Benefits From Dying Victims
(DBN)

George Clooney Dating Lawyer Hottie
(DBN)

URLs in Briefs, Using Microsoft Word
(DBN)

First iPad Air reviews are posted
(DBN)

Reports Of NSA Spying In France And Spain Are Now Reportedly Inaccurate --- US says France , Spain aided NSA spying --- Paper: NSA Angry At Obama --- The New York Times Shreds The Obama Administration As 'Pathetic' On NSA Spying --- Turning point in government spying saga
(DBN)

Man Shot To Death Execution-Style In Philly Grocery Store Filled With Customers
(DBN)

Barneys case stirs talk of 'Shopping While Black' --- Al Sharpton threatens boycott of Barneys over 'racial profiling'
(DBN)

Barking dogs may have sparked family slaying
(DBN)

Jailed based on mistaken identity, some who did nothing wrong are held days, weeks or months
(DBN)

Man Leaves Best Voicemail Ever After Witnessing Car Accident
(DBN)

Don't Steal Pumpkins
(DBN)

Ohio Teacher Goes On Racist Facebook Halloween Rant
(DBN)

Scammer seeks to profit by imposing ‘fines’ on those who missed jury duty, authorities say
(DBN)

13-year-old girl crawls out of grave after being r----, buried alive
(DBN)

Thousands Protest In California Where 13-Year-Old Playing With Toy Gun Was Shot By Police
(DBN)

7 Tips For Getting Divorced Without Ruining Your Life
(DBN)

Federal Agents Raid Reporter’s Home In Search of Illegal Weapons and Allegedly Question Her About Prior Negative Stories And Seize Documents and Notes
(DBN)

Woman Wearing 'Abusive Wife' Costume Arrested for Beating Up Boyfriend
(DBN)

MTA Driver Bans 10-Year-Old Boy From Bus for Speaking Arabic
(DBN)

Say What?!
(DBN)

______________

Judges:

On the Problem of Judicial Ignorance
(DBN)

When judges mouth off outside the courtroom
(DBN)

Posner Benchslaps Cadwalader: “That a major law firm would engage in such shenanigans distresses us.”
(DBN)

Judicial Confirmation Clash Looms Over Obama’s Nominees
(DBN)

Federal Courts Tot Up Cost of Shutdown
(DBN)

Judge’s girlfriend takes DUI plea; he and kids were in the car with her, and he says she seemed fine
(DBN)

Judge is asked to apologize to victim’s family for officiating at killer’s wedding after sentencing
(DBN)

Judicial Nominations Fight to Flare Up
(DBN)

Justice Clarence Thomas shares his journey from the South to the Supreme Court
(DBN)

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Wall Street:

 

Europe stocks rise for second day ahead of Fed meet
(DBN)

Dow and S&P 500 close at record highs
(DBN)

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Layoffs:

The Hard Truth About Following Your Passion
(DBN)

Thomson Reuters to Cut 3000 Jobs to Focus on Growth Markets
(DBN)

Illegal Aliens Steal American Jobs :)
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hedge Funds:

Hedge Funds Just Unloaded The Most Stock Since December 2008
(DBN)

____________

Aviation:

Airlines, Justice agree to work with mediator on antitrust case --- One analyst thinks the introduction of mediator ‘could pave way’ for settlement in American Airlines-US Airways lawsuit
(DBN)

AMR CEO Sees Way to Settle Federal Suit on US Airways Merger
(DBN)

American and US Airways' Stocks Tumble Together
(DBN)

Major Las Vegas helicopter company files for Chapter 11 bankruptcy
(DBN)

Airlines Nickel and Diming You to Death
(DBN)

Alitalia Not Getting State Aid, Rome says --- Italy Minister Defends Alitalia Rescue Plan
(DBN)

Fledgling Norway airline files for bankruptcy
(DBN)

A Chinese Real Estate Company May Be Behind The Comeback Of A Texas Plane Maker
(DBN)

____________

Mass Torts:

No Easy Out for Firm Sunk by Asbestos Cases
(DBN)

9th Circuit Vacates Asbestos Bankruptcy Reorganization; Says Trust Isn’t In Control
(DBN)

____________

Corporate Reform:

Report: Part Of JP Morgan's $13 Billion Deal With The Justice Department Is At Risk Of Collapse; Shares Down
(DBN)

Dutch Rabobank fined $1 billion over Libor scandal --- $325 Million Criminal Penalty --- CEO out --- Rabobank Rate Riggers See Bigger Crooks Than Themselves --- Rabobank Had to Make Money Somehow
(DBN)

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Telecoms:

Nortel Canada Bondholders Seek to Put Lid on U.S. Bond Interest
(DBN)

Dish wins dismissal of Harbinger's LightSquared lawsuit --- Judge Dismisses Portions of Harbinger Suit Against Ergen, Dish
(DBN)

____________

Oil/Gas:

Green Field gets approval of interim bankruptcy financing
(DBN)

Saudis ‘have the ability to stop fracking’ in the U.S., analyst says
(DBN)

____________

 

Economy:

Fed Balance Sheet Not Seen Returning to Normal Until at Least 2019
(DBN)

September Retail Sales in U.S. Rise Excluding Auto Dealers
(DBN)

Labor Department Broadens Producer Price Index to Include Services
(DBN)

Fed Balance Sheet Not Seen Returning to Normal Until at Least 2019
(DBN)

What to Watch for From the Fed
(DBN)

Yellen feared housing bust but did not raise public alarm
(DBN)

Fama To Santelli: QE Is A Neutral Event
(DBN)

Retirement: Born at the Right Time
(DBN)

Gambling / H----- Index Predicts Consumer Spending Patterns With Incredible Accuracy
(DBN)

Food Bank CEO Warns Welfare Cuts May Spark Riots
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US home prices increase 12.8 percent from a year ago --- Expect a Breather in Home Prices’ Rapid Run --- Home prices are still affordable, says Shiller
(DBN)

Home price gains ease in most large US markets
(DBN)

Ally Strikes Deals With Regulators Over Mortgage Suits
(DBN)

JPMorgan Mortgage Accord Said to Meet U.S. Resistance
(DBN)

Judge: 'Foreclosure king' should lose law license
(DBN)

Cordray: No QM? No Worries, Mate!
(DBN)

Mighty Bal Harbour Luxury Tower Bankrupt , Selling Itself Cheap
(DBN)

Developer Ted Raymond files for bankruptcy
(DBN)

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Municipalities:

Orr returns for second day of testimony in Detroit bankruptcy trial --- Sharp exchange between bankruptcy judge and Detroit's emergency manager --- How 'bout that $3.5 billion check? --- Detroit bankruptcy judge snaps at Orr for going 'on and on and on' --- Deal 'probably not' doable absent pension cuts -Detroit manager --- In Detroit, Testimony and Anger Over Bankruptcy --- Detroit emergency manager: I couldn't agree to keep hands off pensions before bankruptcy --- Live blog: Kevyn Orr testifies about talks with creditors, unions
(DBN)

Detroit emergency manager says 'cram down' a possibility in bankruptcy case
(DBN)

Did the state negotiate in good faith?
(DBN)

Detroit manager says city owns 'very valuable' art --- Kevyn Orr Says DIA Art Sale Would Help City --- Kevyn Orr testifies DIA art could help city, but stops short of suggesting sale
(DBN)

Governor Rick Snyder takes stand in Detroit bankruptcy trial --- Snyder rejected pension fund conditions --- Snyder's Counsel Suggested Shielding Pensions In Bankruptcy; Snyder Said No --- Snyder testifies that bankruptcy was last resort
(DBN)

Highlights from Governor Snyder's, Kevyn Orr's testimony
(DBN)

Detroit Residents Split Over Bankruptcy
(DBN)

Detroit Mayor Dave Bing: Bankruptcy judge has 'one hell of a responsibility'
(DBN)

Detroit's disappointing mayoral campaign
(DBN)

Judges: The True Pension Referees in Bankruptcy Cases
(DBN)

Deadline for Jefferson County bankruptcy deal at 4 pm Monday
(DBN)

Carrington: Progress made on concessions, but issues remain
(DBN)

Detroit's lesson for Chicago
(DBN)

48 hours since Jeffco imposed deadline on sewer creditors and the wait continues
(DBN)

Will Puerto Rico go bust?: An island in dire straits
(DBN)

Bankrupt San Bernardino in showdown with California pension fund over arrears
(DBN)

Save cities or let them go bankrupt ?
(DBN)

Municipal bankruptcy conference to be held at Brown
(DBN)

The 20 Most Underrated Cities For 20-Somethings
(DBN)

____________

Autos:

How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History
(DBN)

Feds report $9.7B loss on GM shares
(DBN)

Chrysler Amends IPO Filing, Highlighting Fiat Conflicts
(DBN)

Chrysler could see weak 3Q
(DBN)

____________

Environmental:

Environmental Concerns Arise Amid Ormet Ohio Plant Shutdown
(DBN)

____________

Politics:

Poll: Most libertarians do not identify with 'Tea Party'
(DBN)

____________

Food/Beverage:

Total tomato company auctions yield $75.8 million
(DBN)

Bankrupt canner owes Ball Corp. $46 million
(DBN)

New Orleans: Creditors push Brennan's toward bankruptcy --- Request involuntary Chapter 7 bankruptcy --- Dorignac's, Leidenheimer's Push for Brennan's Bankruptcy
(DBN)

Here's Exactly How Much Italian Restaurants Mark Up Food
(DBN)

____________

Fraud:

SAC Capital plea deal may come early next week
(DBN)

Bangor doctor tied to alleged Ponzi scheme files for bankruptcy
(DBN)

Man talks about unveiling Bernie Madoff
(DBN)

Madoff Fraud Driven by Novice Workers, Accountant Says
(DBN)

Madoff’s Broker-Dealer Backed by Stolen Money, Jury Told
(DBN)

Mark Cuban Continues Blasts at the SEC
(DBN)

____________

Coal:

Arch Coal Slips To Loss In Q3, Revenues Plunge
(DBN)

Patriot Coal files new reorganization plan, detailed disclosure
(DBN)

____________

Textbooks:

Nebraska Book Co. cutting, moving jobs
(DBN)

____________

Celebs:

O.J. Simpson's Kendall Home Sold in Online Auction After Foreclosure
(DBN)

____________

Brokers:

CFTC to Adopt Client-Funds Rule After MF Global, Peregrine Cases
(DBN)

____________

Pensions:

District Court Says Baker’s Union Can’t Have Its Cake and Eat it Too
(DBN)

____________

Gambling:

Lake Las Vegas casino shuts over lease issues
(DBN)

____________

Defaults:

Defaults Seen Below Crisis Levels in Next Cycle, Moody's Says
(DBN)

____________

Electricity:

Debt payment looms Friday for EFH: What will happen?
(DBN)

Energy Future Said to Add New Directors as Vote on Default Nears
(DBN)

Edison International Profit More Than Doubles
(DBN)

____________

Buses:

Judge approves sale of DesignLine assets
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 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)

______________

Subordination:

Post-Petition Interest and Subordination: The Rule of Explicitness Lives (and Drafting Matters)
(DBN)

____________

Venue:

Making The Case For Bankruptcy Venue Reform
(DBN)

____________

Personal Bankruptcy:

The Doctrine Of Virtual Representation In Bankruptcy Cases
(DBN)

____________

Insurance:

NJ Supreme Court rules on responsibility for insolvent insurers
(DBN)

____________

Small Business:

'Bar Rescue' Host Jon Taffer On The Top 5 Mistakes Small Businesses Make
(DBN)

____________

Retailing:

Sears's Lampert Broadens Breakup Plans as Sales Slump --- For Once-Mighty Sears, Pictures of Decay
(DBN)

____________

Tax:

FDIC Appeals Downey Financial Tax Refund Decision
(DBN)

____________

Tech:

EI furloughs some employees
(DBN)

____________

Education:

Pearson profits to slip on weak US college demand
(DBN)

Global Executives Say These 20 Universities Produce The Most Employable Graduates
(DBN)

____________

Health Care:

MedLab Obtains $5MM DIP From Marathon Special Opportunity Fund
(DBN)

Michael Brown hospitalized after heart attack --- Former hand surgeon incapacitated following cardiac arrest --- Notorious hand doctor on life support
(DBN)

Seasons of Hope Files for Bankruptcy
(DBN)

Glens Falls Hospital on verge of more staff cuts
(DBN)

Obama Official Apologizes For Broken Health Care Website --- Health Site Chief Expects Low Initial Enrollment Number
(DBN)

Obamacare pricier for some individual buyers --- The Forgotten Men of Obamacare: The Winners and Losers
(DBN)

3 states tell insurers to scrap plans that don't comply with Obamacare
(DBN)

____________

Credit Reporting:

Bad Credit Can Double Car Insurance Rates
(DBN)

____________

Television:

Astros Make Case to Throw Out CSN Bankruptcy
(DBN)

Judge allows Astros to seek new TV partner
(DBN)

____________

Banking:

Madoff Money to Japan Mob Ties Breed Banks’ Global Pains
(DBN)

____________

UK:

Blockbuster UK goes into administration - again --- Jobs at risk
(DBN)

____________

EU:

Cyprus' 2nd bailout review gets under way --- Cyprus lenders eye banks overhaul, state selloffs in review
(DBN)

Investment banking slowdown to hit European lenders
(DBN)

EQT Holdings raises €845M for Credit II distressed fund
(DBN)

Stricken Banks’ CEOs Risk Ouster in EU Deal on Crisis Plans
(DBN)

____________

PIIGS:

Tax Evaders in Greece: “We Cannot Survive Otherwise” --- Troika Demands New Measures
(DBN)

Spain Exits Two-Year Recession as Rajoy Seeks Recovery
(DBN)

____________

Canada:

Major competitor's bankruptcy a reality check for furniture dealers
(DBN)

____________

Germany:

German Unemployment Rises a Third Month as Growth Slows
(DBN)

____________

Brazil:

Eike Batista Has Sold Some Impressive Toys Since His Empire Started Crumbling
(DBN)

Brazil's OSX vessel plugged to OGX field not for sale, source says
(DBN)

OGX Can Keep Oil Blocks Under Bankruptcy With Funds, Brazil Says
(DBN)

Goldman Sachs Boosts Stake in Brazil Shipbuilder OSX to 5.2%
(DBN)

Musical chairs as OGX faces bankruptcy
(DBN)

Batista Collapse Leaving Unpaid Bills With Loews to Schlumberger
(DBN)

Brazilian Tycoon Eike Batista Is Losing Another Business As Oil Company OGX Files For Bankruptcy
(DBN)

Brazil shipbuilder OSX breaks lease contract with Batista's OGX
(DBN)

____________

China:

Beijing buying up assets in US
(DBN)

Beijing divorces soar over property tax
(DBN)

____________

Australia:

More build firms failing
(DBN)

Australian Corporate Bond Risk Rises, Credit-Default Swaps Show
(DBN)

High Court rules out compensation to public servant injured while having sex in a motel
(DBN)

____________

Romania:

Romania's Constitutional Court rules out some insolvency code provisions
(DBN)

____________

Vietnam:

Number of bankruptcy companies up 13 pct y/y
(DBN)

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Copyright 2013