January 14, 2014

The Daily Bankruptcy News

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Law:

The Biglaw Firms With The Highest Partner Billing Rates --- NLJ Billing Survey: $1,000 Per Hour Isn't Rare Anymore
(DBN)

Reed Smith Names New Bankruptcy Partner --- Ann Pille
(DBN)

How many women are among BigLaw’s new partners? At five firms, there are none
(DBN)

Why Cooley Is Cooler
(DBN)

Despite years of slow demand for legal services, survey says BigLaw profits will rise 5% in 2014
(DBN)

A second state considers allowing its law-school grads to skip the bar exam
(DBN)

In Defense Of Chris Christie
(DBN)

A Law Clerk With A Gilded Résumé, Charged With Solicitation And Attempted R--- Of A Young Boy
(DBN)

Harvard Law Students Are The Best — At Making Up Fake Transcripts
(DBN)

What’s More Expensive: 3 Years of Law School or 6 Weeks of Bar Prep?
(DBN)

The Key To Writing, Speaking, Succeeding — Everything!
(DBN)

How I Started My Own Law Firm Right After Law School
(DBN)

Fluxing Straight Out of Law School
(DBN)

The Ideal In-House Candidate
(DBN)

SCOTUS: Skeptical of Recess Appointments
(DBN)

Apple Devices Accounted For 18% Of Grand Larcenies In New York Last Year
(DBN)

Lawyer is charged in claimed high-end wine-smuggling operation
(DBN)

Woman is charged in courthouse theft of lawyer’s briefcase
(DBN)

Lawyer Doesn’t See What’s So Bad About Eating Pets
(DBN)

Should Law Firm Marketers For Solos And Smalls Have Some Skin In The Game?
(DBN)

6 Benefits Of Legal Wellness — Whatever That Means
(DBN)

Noisy Texter Shot to Death in Florida Movie Theater
(DBN)

Man Dies After Jumping Into Icy River to Save His Cellphone
(DBN)

Judge's jibe as he jails hapless burglar who has been caught and prosecuted 27 times before - “You’re obviously not very good at it”
(DBN)

Say What?!
(DBN)

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Judges:

Justice Scalia Rips Into Obama's 'Self-Interested' Use Of His Power
(DBN)

Federal bankruptcy judge overseeing Madoff liquidation dies --- Bacterial Pneumonia
(DBN)

Federal Judges in U.S. See $25,000 More as Salary Freeze Falls
(DBN)

Upcoming Supreme Court cases are weighty, if not numerous
(DBN)

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Wall Street:

US Stock -Index Futures Are Little Changed
(DBN)

The close : US stocks hit hard as earnings worries grow
(DBN)

Another Bank Is Telling Junior Bankers To Take Saturdays Off
(DBN)

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Layoffs:

Here's Who Feels The Most Secure In Their Job
(DBN)

17% of Workers Expect to be Laid Off This Year
(DBN)

More Than 40% Of Workers Expect A Raise This Year
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Sens. Warren, Coburn Introduce Bill To Widen Agency Settlement Disclosures
(DBN)

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Apparel:

Lululemon Is Getting Annihilated
(DBN)

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Alternative Energy:

Hybrid Technology now offering $55M for failed electric-car maker Fisker in fight vs Wanxiang
(DBN)

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Shipping:

OSG to outsource management of international fleet
(DBN)

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Gambling:

Newly jobless NJ casino workers try to cope
(DBN)

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Television:

Comcast attorneys seek expedited reorganization process
(DBN)

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Banking:

Eleventh Circuit Rejects FDIC's "No Duty" Argument, Allows Post-Receivership Affirmative Defenses Against the Agency
(DBN)

JPMorgan Fourth-Quarter Net Falls 7.3% After Madoff Settlement
(DBN)

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Celebs:

Hearing today in Casey Anthony bankruptcy case
(DBN)

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Economy:

Jobs Report and the Aging of Baby Boomers
(DBN)

Stiglitz: US Recovery Unlikely This Year
(DBN)

No, US Doesn't Spend $1 Trillion on Welfare
(DBN)

$1.1 Trillion Budget Deal Makes Everyone Happy
(DBN)

Americans see stable inflation over the year: new Fed survey
(DBN)

America's Hallmark Welfare Program Wasn't Very Helpful For Single Mothers During The Financial Crisis
(DBN)

The New York Fed Releases Lots Of Demographic Data On Consumer Expectations
(DBN)

Auto Title Loans . . . For Rich People
(DBN)

US No Longer in Top Ten for Economic Freedom
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Onetime king of foreclosure firm grossing $260M annually is disbarred
(DBN)

Deerfield retirement community to reorganize under bankruptcy laws
(DBN)

Menachem Stark helped sink Chicago bank: suit
(DBN)

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Municipalities:

A Bunch Of National Mega-Foundations Just Pledged $330 Million Toward Bailing Out Detroit --- 'Unprecedented' effort preserves DIA art --- Proposed DIA deal an important step for Detroit's future --- Now Michigan holds key piece in bankruptcy puzzle --- Snyder won't rule out aid for Detroit art plan --- What still needs to happen to save the DIA and Detroit's pensions
(DBN)

Why The New Plan To Save Detroit’s Art Collection Could Help Turn The City Around
(DBN)

Detroit Three offer hope, lessons to bankrupt Detroit as world media descend on auto show
(DBN)

Chrysler-Fiat CEO Sergio Marchionne hopes for quick resolution of Detroit bankruptcy
(DBN)

Live blog: Detroit bankruptcy hearing over swaps debt
(DBN)

Detroit Bond Sale Closer as Holders Offered Pennies
(DBN)

Detroit should have litigated swaps termination, some creditors say
(DBN)

Live tweets: Detroit pushed bank for 'lowest number we would ever accept,' lawyer says
(DBN)

Banks won't make money off swaps settlement, lawyer asserts in Detroit bankruptcy hearing
(DBN)

Detroit tour guides take media for a spin
(DBN)

City of Detroit Ruling to Impact Hedge Fund Investments for US Pension Funds
(DBN)

Detroit's Plan: Export Cars and Import Chinese Investment
(DBN)

WA: Bill would phase out pensions for public employees in state
(DBN)

Auditors warn Flint leaders about spending beyond city's means
(DBN)

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Oil/Gas:

Anadarko says may owe $850 million, not $14.2 billion, on Tronox
(DBN)

Anadarko's Kerr-McGee files court documents responding to judge's decision in Tronox suit
(DBN)

The Future Is Cloudy for This Oil Company
(DBN)

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Gambling:

Grand Station bankruptcy case settled --- Texas groups extend fight against Grand Station settlement
(DBN)

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Financial Privacy:

Target hack is mostly harmless for consumers
(DBN)

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Health Care:

Saint Francis malpractice lawsuits may be unfrozen if plaintiffs agree to monetary limits
(DBN)

Bankruptcy judge grants Lake Shore hospital more time
(DBN)

Deerfield retirement community to reorganize under bankruptcy laws
(DBN)

Huge Surge in Obamacare Enrollment
(DBN)

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IP:

Esopus Buys Bankrupt Loehmann’s Intellectual Property
(DBN)

Foreign or Domestic, Licensees Have Rights Too
(DBN)

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Personal Finance:

Financial Lessons From America's Elderly
(DBN)

12 Common Mistakes Shoppers Make At The Grocery Store
(DBN)

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Retailing:

What Happens When Just the Brand Lives On: Loehmann's Second Shot
(DBN)

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Rail:

Bids due this week for bankrupt Montreal, Maine & Atlantic railroad
(DBN)

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Electricity:

MidwestGen wants to end health benefits for 500 retirees
(DBN)

Longview Seeks Mediator to Settle Dispute with Contractors
(DBN)

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Religion:

Stockton diocese to file for bankruptcy on Wednesday --- Diocese to file for bankruptcy --- Statement from Bishop Blaire on Diocese of Stockton bankruptcy filing --- Diocese answers questions about bankruptcy
(DBN)

$16M settlement OK'd between New Rochelle's Christian Brothers, abuse victims
(DBN)

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Telecoms:

Dish chairman says LightSquared debt a great investment --- Ergen: Buy of Lightsquared debt a personal investment --- Ergen Says He Wasn't Buying LightSquared Debt for Dish
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

Maine bankruptcy filings fall 21% from 2012-2013
(DBN)

Corporate bankruptcies continue downward trend
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Safe Harbors:

Recent Case on Safe Harbor Provisions in Swap Agreements
(DBN)

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Professional Compensation:

Fifth Circuit Reverses Excessive “Disgorgement” Remedy in Case Which (Also) Applied Pro-Snax to Chapter 13 Case
(DBN)

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Sales:

Calling a Spade a Spade: Judge Refuses to Issue a Stay Pending Appeal of 363 Sale “on the Basis of Smoke and Mirrors”
(DBN)

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Recent Pleadings:

Power Producer Longview Seeks Mediator To Sort Out Mechanics Liens
(DBN)

______________

Telecoms:

Ergen Says Dish Didn't See LightSquared as Attractive Pickup
(DBN)

Dish Investors Ignore Ergen Failures as Spectrum Value Grows
(DBN)

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Fraud:

Madoff Trustee Case Against Banks Draws Top Court Inquiry
(DBN)

Madoff Ex-Finance Chief Changes Testimony on Scam Insight
(DBN)

Madoff trustee wins court fight over Picower settlement
(DBN)

A Convicted Insider Trader Went On Reddit To Reveal All Kinds Of Things About Prison Life
(DBN)

‘Octomom’ charged with welfare fraud
(DBN)

Push to Combat Insider Trading May Go Too Far
(DBN)

Rabobank Ex-Traders Charged With Yen Libor Rigging
(DBN)

FBI Suspects Wall Street Traders Of Rigging Rates On Large Fannie Mae And Freddie Mac Orders
(DBN)

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Food/Beverage:

Pizza Chain Sbarro Taps Restructuring Advisers
(DBN)

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Buses:

Workers' suit, contract dispute drive DesignLine court hearings on Tuesday
(DBN)

Bankruptcy court to hear RTD's bid to end contract with beleaguered busmaker
(DBN)

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Mass Torts:

Garlock bankruptcy could be done in year or so
(DBN)

Five asbestos firms sued by Garlock a day before judge condemned lawyers’ actions
(DBN)

The Asbestos Scam, Part 2
(DBN)

ATRA: Asbestos litigation ‘more incredible every year’
(DBN)

BP oil-spill settlement is upheld by 5th Circuit
(DBN)

Wave of lawsuits follows West Virginia chemical spill
(DBN)

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Politics:

Elizabeth Warren's War on Job Creators --- Elizabeth Warren's War on Job Destroyers
(DBN)

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EU:

Eurozone industrial output surges in November
(DBN)

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PIIGS:

The next act in the ongoing Greek drama
(DBN)

____________

Canada:

Update to the Bre-X Class Action
(DBN)

Air Canada's Long Fight Against Its Pension Problems
(DBN)

____________

Brazil:

Batista Bankruptcy Accord Propels OSX Bond Surge
(DBN)

Batista's oil company produces first crude from new Brazil field
(DBN)

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Pakistan:

An almost bankrupt Pakistan asks WB to finance energy, water projects
(DBN)

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Germany:

German wind farm operator Prokon warns of imminent insolvency
(DBN)

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Australia:

Bankrupt Geoffrey Edelsten selling Palazzo Versace penthouse on Gold Coast
(DBN)

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