October 4, 2013

The Daily Bankruptcy News

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Law:

As The Weil Turns: Houston, We Have A Problem --- Four Houston Partners Leave Weil for Winston
(DBN)

How Bryan Cave Grooms Rainmakers
(DBN)

UpCounsel: Online startup serving startups, small businesses could grow to equivalent of AmLaw 20
(DBN)

Law Firm Leaders Focus on Empowering Women Attorneys
(DBN)

Think You'll Stand Up to Sexual Harassment? Think Again.
(DBN)

Why Men Prefer Dumb(er) Women
(DBN)

Why Lawyers Drink So Much
(DBN)

Stop Using the 37 Most Irritating Words at Work
(DBN)

Former J.P. Morgan president discusses how to make outside counsel more engaged
(DBN)

Reed Smith Partner Named PNC Top Lawyer: Business of Law
(DBN)

Reed Smith taps D.C. partner Sandy Thomas to lead firm
(DBN)

M&A confidence grows as mega deals fuel rise in global activity
(DBN)

Paul Hastings partner sacked for massive CV lies
(DBN)

How one law firm blossomed during the 2008 collapse
(DBN)

Hiring of young lawyers making a big-firm comeback
(DBN)

Squire Sanders: Cutting up the partner pie
(DBN)

Law Professor Drops A Burn Into The Student Listserv
(DBN)

Where Law Schools Get Their Money
(DBN)

Law student posts semi-naked selfies on Twitter in bid to get admirers to buy her legal textbooks
(DBN)

Don’t Even Think About Stealing A Law Student’s Laptop
(DBN)

Deciding To Go To Law School In One Epic Flowchart
(DBN)

Facing Drop in Applications, Law Schools Cut Costs --- "They were cannibalizing each other"
(DBN)

Judge dismisses Cooley defamation suit, law school promises appeal
(DBN)

Survey of Law Firm Associates Ranks Top Tech Performers
(DBN)

iPhone and iPad Information Management Tips Plus the Best iPad Keyboards
(DBN)

Surface Upgrades Add Outlook, Beefed Up Batteries & Stronger Keyboards --- Surface 2 and Pro 2 Tablets Integrate With Microsoft's Office Suite
(DBN)

2.9 Million Adobe Accounts Compromised
(DBN)

Building a Better Smartphone: What's Next?
(DBN)

Ashfords loses Chairman and top partner
(DBN)

UK: First ABS firm to go bust
(DBN)

D.C. Is Shut Down, Seems Like A Perfect Time To Have A Party
(DBN)

Shutdown the Shutdown
(DBN)

7 Job Search Rules You Should Break
(DBN)

What's Next For The Cast of 'Breaking Bad'?
(DBN)

Fact-Checker to Alan Dershowitz: Who Says You're So Great?
(DBN)

2nd Circuit Disconnects Dad's P---- Monitoring
(DBN)

The Art of Generating Legal Business for Young Lawyers
(DBN)

How To Make Important Decisions
(DBN)

Temple University Student Suing Atlantic City Police After Violent Beatdown Caught On Video
(DBN)

Montana Issues 6000 Permits To Kill Up To 30,000 Wolves . . . For A Wolf Population Of 625
(DBN)

Suspect Dead After Attempting To Drive Through Barricade Near White House --- The Woman Shot By Police Outside The Capitol Has Been Identified
(DBN)

Twelve Nebraska counties 'have no lawyers'
(DBN)

Judge: Driving schools can charge women learners more because it was proven that "men were better drivers"
(DBN)

Burglar told he's not allowed romantic relationships as part of probation deal
(DBN)

Court Sentences Four Men To Up To 10 Years and 2000 Lashes For Dancing In Public
(DBN)

Drive-Through Rage
(DBN)

Man Arrested A Third Time Trying To Sell The Same Undercover Officer Drugs
(DBN)

Groom Decides to Cash In on Slap Bet During Wedding Ceremony
(DBN)

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Judges:

Lawyer Rebekah Nett's religious slurs against bankruptcy judge prompt Minnesota Supreme Court hearing
(DBN)

Nation's Chief Judges Brace for Shutdown's Full Force
(DBN)

Justice Scalia Doesn’t Give A ‘Merda’ About The Shutdown
(DBN)

Closed Until Further Notice
(DBN)

Court working next week
(DBN)

Ducks
(DBN)

Kennedy says too many disputes left for court
(DBN)

Justice Kennedy on the Difference Between “Professional Responsibility” and “Legal Ethics”
(DBN)

The End of the Reasonable Observer
(DBN)

Shutdown or No, Hot-Button Issues Await Supreme Court Next Week
(DBN)

The Courts and the Shutdown
(DBN)

Former Pennsylvania Congressman Suspended From Practicing Law Due To Criticism Of Judges
(DBN)

See the video: Frosting flies in courthouse cake incident
(DBN)

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Wall Street:

S&P 500 Futures Rise
(DBN)

Markets Complacent As Investors Wait On DC
(DBN)

US stock markets tumble as shutdown stalemate worries investors
(DBN)

______________

Layoffs:

Initial Jobless Claims Are At Their Lowest Level Since May 2007 --- New Jobless Claims Up to 308,000
(DBN)

Where You Should Move If You're Looking For A Job
(DBN)

United Technologies Sees 5000 Jobs at Risk in Shutdown
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

The Company Behind “Project Honeygate” Stuck Claiming Bankruptcy
(DBN)

Mi Pueblo files for Chapter 11 bankruptcy
(DBN)

Fresh & Easy demise: 'When, not if'
(DBN)

The best NYC restaurant for every cuisine
(DBN)

____________

Health Care:

Feds probe former MPH
(DBN)

Health Insurance Exchanges: Reading the Tea Leaves on Day One
(DBN)

GOP Has Already Gutted Health Care in States
(DBN)

Where the Uninsured Are
(DBN)

‘A trickle, not a wave:’ What insurers are seeing in Obamacare enrollment
(DBN)

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Corporate Reform:

Citigroup fined $30m for selectively releasing research
(DBN)

____________

Accounting:

Deloitte Settles Suits Over Taylor Bean Audits
(DBN)

____________

Furniture:

Judge approves base bid for Furniture Brands' auction --- KPS emerges as key bidder
(DBN)

Furniture Brands enters into $280 million purchase agreement
(DBN)

Furniture Brands: KPS nod raises access to financing
(DBN)

____________

Diamonds:

Antwerp Diamond Firm Bankrupt With Debts of $26M
(DBN)

____________

Economy:

Service firms expand at a slower pace --- US jobless claims show job market healing but service sector slows
(DBN)

Global economy in 'epic scale' change, says IMF's Lagarde
(DBN)

Labor Department Won't Release U.S. Payrolls Report
(DBN)

Obama's Debt Ceiling Social Security 'Trump Card': Played --- Obama Goes Directly After Boehner, And Says He's The 'Only Thing That Is Keeping The Government Shut Down' --- Obama blames Republican 'obsession' for government shutdown --- Why big business failed to stop its worst nightmare in D.C. --- CEOs All At Sea --- Government Shutdown: It’s Not The Republicans’ Fault!* --- American Economic Confidence Has Collapsed In The Past Three Days --- Analyst: Obama Still Hasn't Thrown Down His Devastating Trump Card --- Conservatives Are Angry Because They Have No Idea What They Want --- Warren Buffett On Washington: 'We'll Go Right Up To The Point Of Extreme Idiocy, But We Won't Cross It' --- The 'Grand Bargain' Is An Insane Way Out Of The Government Shutdown --- Mitch McConnell And Rand Paul Were Caught On A Hot Mic Talking Shutdown Strategy --- GOP Congressman Makes Park Ranger Apologize for Shutdown --- Boehner to GOP: We Won't Default on Debt --- Aggressive Blunderers --- The Marines Have Canceled Their Big Air Show Due To Government Shutdown --- Small businesses fear bankruptcy from national park shutdowns --- Amtrak Funds at Risk in Extended U.S. Government Shutdown --- Fox News downplays shutdown as just a ‘slimdown’ --- Wall Street Seeks to Soothe, While Preparing for Trouble --- Obama Has Canceled His Entire Trip To Asia Because Of The Government Shutdown
(DBN)

U.S. Treasury Issues Dire Warning on Debt Ceiling --- The Doomsday scenario of a US default --- Long debate over debt ceiling could harm economy, report says --- How a Debt Ceiling Crisis Could Do More Harm Than the Shutdown --- What would a US default look like? --- Deutsche Bank: All Of Our Clients Are Asking What Happens To Markets If The US Defaults On Its Debt --- Why we won’t mint the coin, why we can’t just pay off bonds, and other scary debt-ceiling facts
(DBN)

Economists fear debt ceiling fight may bring recession --- Treasury Says US Default Impact May Last More Than Generation --- Treasury warns default could cause worse financial crisis than 2008 --- US failure to lift debt ceiling could damage world economy: IMF
(DBN)

US manufacturing expands at best pace in 2½ years
(DBN)

This Vulture-Fund Billionaire Is the GOP's Go-To Guy on Wall Street
(DBN)

Military Family Upended by Shutdown
(DBN)

Economist: Budget Battles Cost 1M Jobs
(DBN)

America's Services Industry Explains How The Budget Fiasco Is Screwing Up Business
(DBN)

A Staunch Republican Tries Obamacare ... And Discovers That It's Actually Pretty Awesome
(DBN)

First a default, then a depression? Some think so
(DBN)

Global stocks, dollar fall on US shutdown, debt ceiling worry
(DBN)

Rosengren: Shutdown Could Delay QE Taper
(DBN)

Richard Fisher's Angst on Fed Balance Sheet
(DBN)

JP Morgan's Ultimate Guide To The Markets And The Economy
(DBN)

Henry Paulson: Jamie Dimon Had 'Courage And Confidence' During The Financial Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage rates fall, but shutdown may mean you can't get a loan
(DBN)

The Bailout That Never Came
(DBN)

So Much For That $25B Mortgage Deal, Wells Fargo Still Failing To Help Troubled Homeowners: NY AG
(DBN)

Wells Fargo Playing Hardball With New York This October
(DBN)

Clayton Data ‘Jumping Off Point’ for U.S. Mortgage Probe
(DBN)

Trulia: Asking House Prices suggest "Slowdown" in Sales Price Increases
(DBN)

The poor might’ve been hardest hit by the housing crisis, but the rich complain most
(DBN)

Deloitte & Touche Settles Suits Over Taylor Bean Collapse
(DBN)

Brooklyn Condo Boom Cooled by Manhattan-Like Rents
(DBN)

The family dynasties ruling NYC real estate
(DBN)

___________

Municipalities:

Jones Day's Detroit Pact Now Capped at $18 Million
(DBN)

Detroit's manager filed bankruptcy under time crunch
(DBN)

13 things to know about Detroit's '13th checks' for pensioners
(DBN)

Manna for Motown
(DBN)

Clueless Detroit
(DBN)

Kevyn Orr talks privatization, pensions, DIA art at forum
(DBN)

How Europe's financial crisis is slowing down Detroit's bankruptcy --- European Banks Hold Out on Detroit
(DBN)

Christie's assessment of Detroit's art to wrap up --- Detroit EM Defends Possible Art Sale: 35,000 Pieces Are ‘Free And Clear’ --- Orr hints Detroit may leverage DIA works in bankruptcy --- Art for leveraging, not sale -- a way to help city and save DIA --- DIA says it will work with Orr on solution --- Orr tells DIA to earn money from its treasures; long-term leases of artworks next --- DIA eager to pursue Orr's ideas to avoid selling artworks --- Could state's money save DIA's art from sale in Detroit bankruptcy?
(DBN)

Detroit's debt piles up
(DBN)

Detroit's bankruptcy creates a chance for change, leaders say
(DBN)

Dave Bing on his time as Detroit's mayor: 'It's been 4 1/2 years of hell'
(DBN)

After Detroit: Rigorous Research And Credit Selection Is The Key To Investing In Municipal Bonds
(DBN)

Tons Of People Are Leaving Puerto Rico Because Its Economy Stinks
(DBN)

Assured Guaranty: Stockton on course to exit Chapter 9 --- Stockton Gives Assured City Hall in Bond Debt Settlement --- Council approves Chap. 9 exit plan --- Mayor, city workers, firefighters endorse proposed sales tax
(DBN)

Attorney: Clinton city leaders pondered potential of city bankruptcy
(DBN)

Ex- Bell City Manager Robert Rizzo Pleads No Contest to 69 Counts
(DBN)

____________

Mass Torts:

In BP's Oil-Spill Saga, a Court Triumph It Might Regret
(DBN)

BP Wasn't Prepared for Deepwater Blowout, Witness Says
(DBN)

5th Circuit’s BP opinion adds to hot debate on use of class actions
(DBN)

____________

Autos:

Hedge funds, among the primary winners from GM's bankruptcy --- Hedge Funds Used Obscure Bond Bet to Win in GM Bankruptcy
(DBN)

Paulson, Elliott Want 'Old GM' Estate to Pay $1.5 Million Fee for Settlement
(DBN)

Fiat’s Marchionne Says Not Closer to Chrysler Deal Amid Talks
(DBN)

____________

Hollywood:

Michael Bay Blows Up Detroit
(DBN)

____________

Telecoms:

Cerberus Capital Said to Express Interest in BlackBerry
(DBN)

____________

Fraud:

SAC's Forceful Ways Shown in Massachusetts Citi Case
(DBN)

Selection Of Jury In Trial Of Former Madoff Employees Underway
(DBN)

Madoff Ex-Worker Trial to Shine New Light on Ponzi Scheme
(DBN)

MF Global trustee plans to return more customer funds
(DBN)

Tyco’s Former Finance Chief Mark Swartz Granted Parole
(DBN)

After Fraud, Regulators Go After a (TD) Bank
(DBN)

See how Rothstein bankruptcy ’s $46M fees were split up
(DBN)

US: Detroit ex-mayor should get 28 years in prison
(DBN)

____________

Shipping:

Abandoned ship: Transport firms' legal battles leave sailors adrift
(DBN)

____________

Tax:

Push for Private Debt Collection Clouds IRS Confirmation
(DBN)

____________

Celebs:

Peter Laviolette Says BofA Took Him for a Ride
(DBN)

____________

Retailing:

JCP Going Bankrupt? No. But Distress May Destroy Retailer's Ecosystem
(DBN)

With Shares At 52-Week Low, J.C. Penney Credit Default Swap Price Hits Record-Wide Level
(DBN)

____________

Firearms:

Airtronic USA Gets Plan Confirmation
(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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Consumer Bankruptcies Continue Lower
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

UST:

Lawyerly Lingo – Defining “Disbursements” for the Calculation of Quarterly Fees
(DBN)

____________

Workouts:

Out-Of-Court Debt Restructuring And The Problem Of Holdouts And Free Riders
(DBN)

____________

TBTF:

Wall Street Banks, No Longer Invincible, Contemplate Their Death
(DBN)

'Too Big to Fail' or 'Too Big to Manage'?
(DBN)

____________

Insurance:

Fifth District reverses McGlynn in bankrupt company’s failure to defend case
(DBN)

E&O Insurance: Acts Alleged in Underlying Claim Did Not Involve Insured Services
(DBN)

____________

Video Games:

Ex-EDC chief: RI gov. forced 38 Studios bankruptcy
(DBN)

Ex-EDC deputy: Board influenced on 38 Studios deal
(DBN)

Curt Schilling, Former EDC Director Respond to Rhode Island's Lawsuit
(DBN)

____________

Opera:

New York City Opera Files for Bankruptcy --- City Opera Owes Millions to Creditors
(DBN)

New York City Opera: Anna Nicole - Final curtains
(DBN)

Remembering City Opera: 'We Will Miss it More than We Realize'
(DBN)

____________

Lehman:

JPMorgan Chase & Co : Citi Rejects $2 Billion 'Provisional' Payout in Lehman Fight
(DBN)

___________

Orchestras:

What About the Lost Art of Negotiation?
(DBN)

____________

Prisons:

Federal judge rules to keep detention center open
(DBN)

____________

Alternative Energy:

Italian Courts Seize GSF Solar Plants --- Asset Seizure Obscures Suntech Bankruptcy
(DBN)

____________

Credit Cards:

NY State No-Surcharge Law Unconstitutional
(DBN)

____________

Finance:

Covenant-Lite Loans Rise Again
(DBN)

____________

Aviation:

Avantair Trustee Moves To Sell Some Assets
(DBN)

Okla. AG urges approval of American Airlines deal
(DBN)

Arizona AG stands firm on antitrust lawsuit, while American Airlines flight attendants try to budge Virginia’s AG
(DBN)

Estonian Air Was Very Close to Bankruptcy , Says Former Chairman
(DBN)

____________

Consumer Finance:

Payday Lending: New Research and the Big Question
(DBN)

____________

Education:

The failures of for-profit K-12 schools
(DBN)

____________

Oil/Gas:

GMX Resources Inc. Announces Entry Into Plan Support Agreement
(DBN)

____________

Student Debt:

Elizabeth Warren, You Can Do Better On Behalf Of Millennials Drowning in Debt
(DBN)

Suze Orman takes on the student loan crisis
(DBN)

Debtor Cannot Take Means Test Deduction For Student Loan Payments In Chapter 13, But May Pay Outside Plan With Interest
(DBN)

____________

Startups:

Archetypes, the biggest NYC startup you’ve never heard of, completely unravels
(DBN)

____________

Sovereigns:

Argentina Barred by U.S. Judge From Planned Bond Exchange --- Judge says Argentina debt swap plan violates court order --- Swap ye not Argentine bonds
(DBN)

Lorenzino sharpens strategy against vulture funds in New York
(DBN)

____________

UK:

UK fraud prosecutor poised for more Libor charges
(DBN)

Financial sector hit by UK regulation fines
(DBN)

Insolvency and Recuse Awards Winners 2013
(DBN)

Ex-Law Society Council member jailed for spitting at her parents
(DBN)

London's Ukrainian Oligarch Court Battle Is Getting Explosive
(DBN)

____________

EU:

ECB's Coeure warns of liquidity offered on too easy terms
(DBN)

Europe's Youth Unemployment Crisis In One Grim Map
(DBN)

____________

PIIGS:

A Typo Temporarily Added $13 Billion To Spain's Already Massive Load Of Debt
(DBN)

Portugal passes bailout test, gets more funding
(DBN)

ie: Judge orders Dunne to reveal deals with wife
(DBN)

____________

Brazil:

How Brazilian Tycoon Eike Batista Lost 99% Of His $34.5 Billion Fortune --- Eike Batista A Problem For PIMCO
(DBN)

____________

Serbia:

Documents Show How Serbian Companies Were Pillaged By Offshore Firms
(DBN)

____________

New Zealand

Bankruptcy lawyer bankrupt
(DBN)

____________

India:

Sluggish economy, tight credit take toll on small firms
(DBN)

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Copyright 2013