January 15, 2014

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Wachtell Lipton (2011-2012)
(DBN)

Law Firms’ Profit Expected to Grow by 5% in 2014, Report Predicts --- Don’t Get Too Excited
(DBN)

Associate Bonus Watch: Orrick, Herrington & Sutcliffe
(DBN)

Federal Judge Informs Biglaw Partner That His Peers Do, In Fact, Charge Lots Of Money
(DBN)

Should 1Ls Start Applying For Clerkships?
(DBN)

Beyond Biglaw: Pro Bono Pride
(DBN)

Business of Law
(DBN)

911 Calls Reveal NJ Shooting Victim, A Lawyer, Waited Half Hour For an Ambulance
(DBN)

NY Court of Appeals To Decide Certified Questions On Defunct Law Firms' "Unfinished Business"
(DBN)

Local Police Department Gets $600,000 Military Mine Resistant Vehicle For Used Car Prices
(DBN)

Here Are The Rap Lyrics That Helped Convict A Guy Of Attempted Murder
(DBN)

Elderly Florida Man Allegedly Attacked A Man For Having Too Many Items In The Wal-Mart Express Lane
(DBN)

Personal Injury Attorney Accused Of Stabbing Man With Steak Knife — Hey, Anything To Drum Up Business
(DBN)

Justin Bieber’s $6.5M home is searched for evidence in possible felony egg-throwing case
(DBN)

Millionaire Taco Bell Owner Convicted of Stealing Dead Mom's Benefits
(DBN)

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Judges:

Vacancy Announcement - Bankruptcy Judgeship - Eastern District of Pennsylvania (Philadelphia)
(DBN)

Retired Bankruptcy Judge Dennis O'Brien Joins Manty & Associates, P.A.
(DBN)

Judge Refuses to Sign Off on NFL Settlement
(DBN)

Supreme Court hears case on the limits of bankruptcy judges' powers
(DBN)

SIPC Issues Statement On The Passing Of U.S. Bankruptcy Court Judge Burton R. Lifland
(DBN)

Federal judge rebukes Apple for its conduct to court-appointed monitor, defends his $1K hourly rate
(DBN)

DC Circuit has no judicial vacancies for first time in more than two decades
(DBN)

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Wall Street:

US futures rise on global optimism, earnings ahead
(DBN)

Global Sell Off on US Earnings Worry
(DBN)

Stocks, no longer cheap, hit the skids
(DBN)

Let Junior Bankers Sleep All Day
(DBN)

Credit Suisse tells junior bankers to stay home on Saturdays
(DBN)

Private Equity Boss Has A Message To All Those Interns Whining About How Tired They Are
(DBN)

Interns At Barclays Were So Tired, They Had To Take A 'Toilet Nap'
(DBN)

Michael Lewis Is Coming Out With A New Wall Street Book
(DBN)

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

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Layoffs:

What to Do About Employee Benefits When The Company is Headed Towards Insolvency
(DBN)

The Most Overpaid And Underpaid Jobs In America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Wall Street regulators face budget crunch under new spending deal
(DBN)

"Robocop" Stole the Headlines, but the Financial Reporting and Audit Task Force is the Real Driver Behind the SEC's Refocus on Accounting Irregularities
(DBN)

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Tech:

OCZ to be Sold to Toshiba After No Rival Bids Emerge
(DBN)

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Buses:

DesignLine buyer aims to hire, ramp up production
(DBN)

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Autos:

GM declares first dividend since bankruptcy
(DBN)

Wiesmann's speedy exit from bankruptcy stalls
(DBN)

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Food/Beverage:

More Fresh & Easy properties sold
(DBN)

Why You Should Never Order Wine By The Glass
(DBN)

McDonalds Is at War With a Group Of Gossiping Elderly Men
(DBN)

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Religion:

Stockton will become 10th American diocese to file for bankruptcy
(DBN)

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Economy:

U.S. Posts Record December Surplus
(DBN)

US businesses boost stockpiles 0.4 pct in November
(DBN)

World Bank sees stronger growth as rich economies expand
(DBN)

Fed Directors Divided on Rates Before December FOMC Meeting
(DBN)

Former Fed Governor: Today's Biggest Banks Know They'll Be At The Top Forever
(DBN)

Why the Recovery is So Agonizingly Slow
(DBN)

Consumer spending measure rises solidly, autos fall
(DBN)

Richard Fisher: Liquidity Creates Beer Goggles
(DBN)

75 Economists Back Minimum Wage Hike
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Claim Priority: Construction Lien Meets Mortgage – Who Wins?
(DBN)

Southern California home prices soar but sales tumble in December
(DBN)

Menachem Stark, slain Brooklyn businessman, bank records sought
(DBN)

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Municipalities:

Plan to Save Detroit Arts Institute From Fire Sale Faces Test
(DBN)

Judge to rule Thursday on Detroit's $165M swaps deal
(DBN)

DIA art plan
(DBN)

It's time for Snyder to fight for the DIA
(DBN)

With $170 million more, group may save DIA art from sell-off
(DBN)

Proposed Detroit Grants Test Limits of Philanthropic Aid to Cities
(DBN)

Ford CEO: Business Can Save Detroit
(DBN)

State Fiscal Strains Lingering in Recovery, Report Says
(DBN)

Formerly-bankrupt city ‘blindsided’ by $54K bill
(DBN)

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Gambling:

Las Vegas Hard Rock Casino Aims to Avoid Foreclosure
(DBN)

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Mass Torts:

Secrecy, the Garlock Liability Estimation Opinion, and Garlock's Suits Against Some Asbestos Plaintiff Firms
(DBN)

Texas asbestos firms among 5 sued by Garlock
(DBN)

Company in W.Va. oil spill under scrutiny
(DBN)

West Virginia: 262,000 Still Don't Have Water
(DBN)

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Tax:

Beanie Baby billionaire avoids prison time, gets 500 hours of community service
(DBN)

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Retailing:

US holiday sales up 3.8 pct - National Retail Federation
(DBN)

Holiday sales paint mixed picture for retailers
(DBN)

Target Offering Year of Free Credit Monitoring in Wake of Data Breach
(DBN)

Senators ask Target CEO for information on data breach
(DBN)

JPMorgan Replaces 2 Million Bank Cards After Target Breach
(DBN)

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Fraud:

New lawsuits seek millions of dollars from Mamtek collapse - Claims against law firms Steptoe and Dykema
(DBN)

Prosecutors Stick Up for Farkas Defense Team
(DBN)

Deutsche Bank Suspends 'Multiple' Currency Traders For Alleged Manipulation In New York
(DBN)

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Religion:

Bankruptcy brings year of deadlines for diocese
(DBN)

Ugliness persists for church
(DBN)

Statements On The Indictment Of Fr. Michael Kelly For Molestation Of A Child
(DBN)

Milwaukee Archdiocese's bankruptcy plan is in the works
(DBN)

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Banking:

JPM Fines Would Bankrupt a Lesser Company
(DBN)

Bernard Madoff Haunts JPMorgan's Earnings
(DBN)

JPMorgan's bonus pot shrinks 4% as it pays off billions in fines
(DBN)

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Oil/Gas:

Anadarko Says Owes Tronox Creditors Less Than $2 Billion
(DBN)

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Celebs:

Hearing held in Casey Anthony bankruptcy case
(DBN)

Drew Peterson appeals wife-slay verdict, blames judge, defense counsel for divorce lawyer testimony
(DBN)

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Tax:

SCOTUS: Statement From Law v. Siegel Counsel
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (129 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:

Distressed Company Watch List
(DBN)

Corporate Bankruptcy Recap And Forecast: Downward Trend But Prepackaged Chapter 11 Filings Rise In 2013
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

Executive Benefits argument recap: Bankruptcy and the slippery slope --- SCOTUS Argument Transcript
(DBN)

Are You There, Chief Justice Roberts? It’s Us, the Bankruptcy Courts
(DBN)

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LBOs:

US judge gives narrow reading of Lyondell shareholder protections
(DBN)

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Alternative Energy:

Bidding For Bankrupt Electric Carmaker Fisker Is Heating Up
(DBN)

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Movie Theaters:

Why Americans Are Going To The Movies Less Today Than Ever Before
(DBN)

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Health Care:

9 Simple Hacks That Will Help You Survive The Common Cold
(DBN)

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Textbooks:

Cengage close to agreement with banks
(DBN)

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Plastics:

Constar Chooses Black Diamond to Finance Its Bankruptcy
(DBN)

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Golf:

Shark-Designed Doonbeg Golf Club Calls In Receivers
(DBN)

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Auto Racing:

Speedway purchase offer now off table
(DBN)

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Gambling:

AC casino revenue below $3B; 1st time in 22 years
(DBN)

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Bankruptcy Crimes:

Bujak indicted by federal grand jury for bankruptcy fraud --- Former Prosecutor Indicted
(DBN)

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UK:

U.K. Inflation Cools to Reach Bank of England 2% Target
(DBN)

Osborne: inflation figures show 'economic plan working'
(DBN)

Bailiffs 'come after debt-ridden Dappy' in Celebrity Big Brother house
(DBN)

Punch Taverns launches debt-cutting plan to avoid default
(DBN)

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EU:

Euro zone output rebounds in Nov, adds to signs of economic recovery
(DBN)

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PIIGS:

Greece posts budget surplus in 2013 at central government level
(DBN)

Codere to Miss Bond Coupon Payment Amid Debt Restructuring Talks
(DBN)

Monte Paschi chairman and CEO expected to stay on as board meets
(DBN)

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Canada:

Colossus Files Notice of Intention Under Bankruptcy and Insolvency Act
(DBN)

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Germany:

Prokon Pleads With Investors as Insolvency Looms for Developer
(DBN)

Germany's economic growth slows in 2013
(DBN)

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France:

French to Cut 50 Billion Euros in Public Spending
(DBN)

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Japan:

Tepco Wins Approval for Post-Disaster Plan to Rebuild Business
(DBN)

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Brazil:

Batista's oil company signs $50 million bridge loan
(DBN)

OGX Bondholders Advised by Barclays to Inject More Cash for Swap
(DBN)

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