March 7, 2014

The Daily Bankruptcy News

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Law:

FBI and Manhattan DA charge four former Dewey managers with fraud --- Dewey & LeBoeuf trio to surrender to Manhattan DA --- Prosecutors Allege Multi-Year Fraud at Failed Law Firm Dewey & LeBoeuf --- Eye-Popping Emails Loom Large in Dewey Indictments --- Ex-Dewey Executives Charged in Fraud That Destroyed Firm --- Former Top Leaders of Dewey & LeBoeuf Are Indicted --- Broke Law Firm Dewey & LeBoeuf Was Also Fraudulent --- How A Bankrupt Mega Law Firm Cooked Its Books For Four Years --- Dewey management 'used grab bag of gimmicks' says SEC --- How to Choose an Auditor - "Can you find another clueless partner for next year?" --- Law Firm Accountants Were Bad at Accounting, Law --- SEC: ‘Bold Fraud’ --- Dewey Indictment: A Timeline of Key Events --- Ex-partners' evidence forms basis of criminal charges --- The Indictment --- On the Scene at the Dewey Perp Walk
(DBN)

Patton Boggs leader says any suggestion of bankruptcy issue is 'laughable'
(DBN)

Where are they now? Laid off after 2008 crash, ex-associates rebound into new careers
(DBN)

Law School Applicants From Top Colleges Plunge 36%
(DBN)

There's a New GC. So What Do You Do?
(DBN)

Business of Law
(DBN)

What General Counsel Really Want From Outside Firms
(DBN)

Pointers for Legal Profession on Disruptive Innovation
(DBN)

The Top 5 Reasons Attorneys Move
(DBN)

Dewey Demise Sends Another Ex-Partner Into Bankruptcy
(DBN)

Touro Law School Becomes Latest to Offer Two-Year JD
(DBN)

Reed Smith Grows Revenue 6.1 Percent, PPP 5.5 Percent
(DBN)

Steptoe Profits Fall in 2013
(DBN)

Use Mediation Training to Be a Client-Centered Lawyer
(DBN)

Which law schools have the best LSAT profiles? And how many are struggling? Law profs have answers
(DBN)

More Overachievers Than Ever Avoid Law School
(DBN)

Rationality in the Law School Marketplace ?
(DBN)

Telecommuting: Good for Morale, Bad for Legal Exposure | Corporate Counsel
(DBN)

Immigrants in US illegally can’t be lawyers, top Florida court says
(DBN)

Pro Se Filing Of The Day: Muscle Milk Magnificence
(DBN)

Woman charged in claimed murder-for-hire plot against attorney boyfriend
(DBN)

Heavily Indebted Law Grad Convicted Of Murder
(DBN)

Want A Better Work/Life Balance? How To Spend More Time Chilling When You’re Done Billing
(DBN)

Biglaw Partner Allegedly Slaps Solo Practitioner In The Face With Briefcase
(DBN)

Lawyer is accused of smuggling s-- toy into jail
(DBN)

Greatest Lawyer Ad Ever: ‘Trust me, I May Have A Law Degree, But I Think Like A Criminal!’
(DBN)

Florida man has s-- with pit bull in his yard as neighbors beg him to stop
(DBN)

'Have you ever seen such gross disrespect?': Judge blasts 'spoiled' US cheerleader
(DBN)

Con artists steal huge sum from law firm client account
(DBN)

Mayer Brown humiliated in fake partner scandal
(DBN)

Court hears of s-- toy injury
(DBN)

Say What?!
(DBN)

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Judges:

Judge Admits To Racist, Sexist Comments; What Happens Next Is… Pretty Predictable, Actually.
(DBN)

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Wall Street:

U.S. Stock -Index Futures Little Changed Before Jobs Data
(DBN)

S&P 500 ends at record on jobless data
(DBN)

Ranked: The Investment Banks Raking In The Most Fees On Wall Street
(DBN)

Companies Rush to List Shares
(DBN)

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Layoffs:

Survey: Employers announced plans for fewer layoffs in February --- Financial sector takes in new reality and cuts jobs
(DBN)

Weekly Initial Unemployment Claims decline to 323,000
(DBN)

Disney pink-slips 700 from interactive unit
(DBN)

More Americans relocating for new jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

The 10 Universities With The Best Reputations In The World

13-Year-Old Builds Nuclear Reactor In Best Science Project Ever
(DBN)

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Bankruptcy Crimes:

Man Who Avoided Child Support By Faking Bankruptcy Gets 17 Years
(DBN)

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Electricity:

Mach Gen Wins Approval to Tap Bankruptcy Financing
(DBN)

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Auto Racing:

Nurburgring Racetrack Sold For $90 Million
(DBN)

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Consumer Finance:

Will 2014 Be the Year the Bureau Takes on Payday Lending? If So, What Data Will They Use in Regulating?
(DBN)

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Publishing:

Houghton Mifflin loss widens
(DBN)

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Stadiums:

Bankrupt SportsPlex shut; league fee lost in judge's order
(DBN)

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Religion:

Court of Appeals says Archbishop will testify in clergy abuse case
(DBN)

Milwaukee Archdiocese Outlines Details of Therapy Fund for Abuse Victims
(DBN)

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Fraud:

Why Stanford Took Away A Grad's MBA Degree For The First Time Ever
(DBN)

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Contempt:

Judge orders Blixseth to appear in court
(DBN)

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Economy:

US jobless claims at three-month low --- Drop in Jobless Claims Shows US Employers Are Upbeat
(DBN)

Factory orders down again in January, but rate of decline lessened --- Factory Orders Miss 3rd Month In A Row As Inventories Hit Record High
(DBN)

Fed's Q4 Flow of Funds: Household Net Worth at Record High
(DBN)

NY Fed: Rising Household Borrowing
(DBN)

Dudley says threshold high for changing taper plans
(DBN)

Fed to Blame for Distorting US Markets
(DBN)

It's the Inequality, Stupid
(DBN)

Does a Higher Minimum Wage Kill Jobs?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US 30-Year Mortgage Rates Decline for First Time in Four Weeks
(DBN)

Trulia: Asking House Prices up 10.4% year-over-year in February, Price increases "Slowdown"
(DBN)

CoreLogic: 4 Million Residential Properties Returned to Positive Equity in 2013
(DBN)

Slain Brooklyn landlord took nearly $3.6M from business to pay debts
(DBN)

The 20 Most Expensive Places To Rent A Luxury Apartment
(DBN)

How Harsh Winter Weather Brought The 'American Dream' Back To The Housing Market
(DBN)

April Fool’s Day decision the next step for Channelside
(DBN)

The Decline in Rural America
(DBN)

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Municipalities:

Detroit Bond Insurer Syncora May Fight Latest Swaps Deal
(DBN)

Judge pushes back critical Detroit bankruptcy hearing --- Trial pushed back on Detroit debt-cutting deal
(DBN)

Detroit reaches $120 mn loan deal with Barclays --- To Break Crippling Swaps Contracts
(DBN)

Shrinking Detroit might be a solution to the city's intractable problems
(DBN)

The DIA and the Grand Bargain…in the director’s words
(DBN)

Detroit Retirees Flood Court With Letters to Save Benefits --- Court Hit With Sad Stories From Detroit Retirees --- 'Have mercy on us'
(DBN)

As Harrisburg exits receivership, a bid to leave Act 47 , too
(DBN)

Plymouth Twp. may shed financially distressed designation
(DBN)

The 10 Most Overpriced Cities In America
(DBN)

America's Most Gridlocked Cities
(DBN)

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Retailing:

Staples to shut 225 stores in North America as sales fall
(DBN)

Does Staples Have a RadioShack Problem?
(DBN)

RadioShack Corporation's Cost Cutting Is Too Little, Too Late
(DBN)

Top RadioShack execs to receive retention bonuses
(DBN)

Trouble spots for retail
(DBN)

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Healthcare:

DEMSI, Gadsden EMS owner wanted for bounced checks
(DBN)

Minneapolis: Crystal Care Home Health will lay off 115 employees in closure
(DBN)

New York Heart Surgery Factory with Obscene Profits and Pay
(DBN)

Few Uninsured Gain Obamacare Coverage
(DBN)

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Alternative Energy:

Fisker Gets Approval to Borrow $4.98 Million From Wanxiang
(DBN)

Fisker: I'm Confused
(DBN)

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Currency:

Bitcoin Community Explodes With Rage After Creator Is Revealed --- Everything You Need To Know About Bitcoin, Satoshi Nakamoto --- It Isn't Me --- Reputed Bitcoin founder goes from recluse to car chase star --- The Reporter Who Found The Bitcoin Creator Is Answering Some Of The Biggest Questions About Her Story --- Why The Founder Of Bitcoin Can't Spend His Fortune --- The Alleged Founder Of Bitcoin Used To Play A Paranoia-Inducing Game With His Daughter --- Alleged Bitcoin Creator Railed Against East LA's 'Thieves And Criminals' In Angry Letter About Train Service --- How Bitcoin's Not So Secret Satoshi Nakamoto Was Discovered (Hint: Phone Book)
(DBN)

Understanding the Mt. Gox bankruptcy process
(DBN)

Bitcoin's Clueless Enthusiasts
(DBN)

A week after Mt. Gox collapse, Japan struggles to understand bitcoin
(DBN)

Lawyer: Texas Separatists Considered Buying Mulligan Mint
(DBN)

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Tax:

Tax Havens Make US and Europe Look Poorer than They Are, Exaggerate Size of “Global Imbalances”
(DBN)

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Student Debt:

Can Outrage Over Student Loans Create a Political Bloc?
(DBN)

Elizabeth Warren: Let’s Tax Millionaires To Lower Student Loan Interest Rates
(DBN)

Changes To Government Loan Forgiveness That Totally Miss The Mark
(DBN)

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Uranium:

USEC Judge Questions Company's Need for 'Life Support'
(DBN)

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Turnarounds:

Meet the man behind Dr Martens’ turnaround
(DBN)

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Pensions:

Boeing freezes pensions for 68,000 employees
(DBN)

Pentagon proposal would overhaul military pensions
(DBN)

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Brokers:

Regulator deletes broker warning signs: Study
(DBN)

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Aviation:

American Record Profit Seen as Merger Gains Extend U.S. Revival
(DBN)

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Financial Literacy:

Barack Obama's List Of "20 Things Kids Need To Know" About Using Money
(DBN)

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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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

7 Big Brands Reported to Be Struggling
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

Anadarko Petroleum Corporation Shrugs off Tronox Worries
(DBN)

UFTA now the UVTA
(DBN)

Distributions to Cash Out Shareholders of Target Company in an LBO are Subject to Fraudulent Transfer Lawsuits in State Court
(DBN)

When Is “Good faith” Good Enough?
(DBN)

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Cross-Border:

Comparing major bankruptcy and insolvency regimes United States, UK, Germany, France and Luxembourg
(DBN)

Glass Half Full for U.S. Creditors in Jaffe v. Samsung Electronics Co.: Fourth Circuit Rules In Favor of U.S. Creditors in Chapter 15 Jurisdictional Dispute
(DBN)

Plain Meaning and Chapter 15
(DBN)

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Exemptions:

Law v. Siegel Reversal: What was the Government Thinking?
(DBN)

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Equity:

Law v. Siegel: The End of Equitable Disallowance?
(DBN)

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Equity:

U.S. Supreme Court Reins in Bankruptcy Court Authority Under § 105(a)
(DBN)

Scalia Throws Bankruptcy Surcharging To The Mat
(DBN)

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eDiscovery:

You Want $60,572.61 in Costs? Here is $25.48
(DBN)

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Banking:

Banks Enriched by Junk Resist U.S. Regulator Standards
(DBN)

Deutsche Bank Wins Auction for GSI Loan Book
(DBN)

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Celebs:

Teresa Giudice Reveals Her Biggest Fear About Going to Prison
(DBN)

Mel Gibson's ex Oksana Grigorieva 'can pay just $372 per month towards debts'
(DBN)

Mel Gibson's ex Oksana Grigorieva shops at pricey market with daughter Lucia... just weeks after filing for bankruptcy
(DBN)

The Bankruptcy Jukebox: Tammy Wynette --- David Crosby --- Cyndi Lauper --- Tom Petty
(DBN)

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Mass Torts:

BP more than tripled CEO Dudley's total pay last year
(DBN)

Canada Regulators Find Volatility of Oil in July's Deadly Train Accident Similar to Gasoline, Highlighting Crude-by-Rail Risk
(DBN)

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Sovereigns:

Argentine gov't praises US support in vulture funds litigation
(DBN)

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UK:

R3: bankruptcy fees too expensive
(DBN)

Insolvency advice company Baker Donald Ltd ordered into provisional liquidation
(DBN)

Takeover collapse could leave Leeds facing insolvency
(DBN)

Akkeron Hotel subsidiaries in administration
(DBN)

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PIIGS:

NAMA has put 296 developers into receivership so far
(DBN)

____________

Ukraine:

White House Blames Russia For Ukraine Crisis --- Obama imposes sanctions on some Russians over Ukraine --- Republicans Seek Fast Congress Action on Russia Sanctions --- Another Putin-Obama Phone Call Goes Poorly As Ukraine Crisis Continues To Escalate --- Germans Oppose Russian Economic Sanctions - Poll --- Why Heavy Sanctions On Russia Could Backfire --- Approves sanctions on individuals 'destabilizing Ukraine' --- Will Sanctions Move Putin? --- Hedge Funds Are Buying Up War Insurance On Russia-Ukraine Conflict --- 5 Things to Know about Crimea and Its Role in Ukraine Crisis --- Crimea Readies Secession Vote as West Spars on Sanctions --- Russian Parliament to Back Crimea Secession --- Crimea Parliament "Accelerates Crisis", Votes To Join Russia --- Ukraine, Russian assets fall on Crimea vote
(DBN)

London's Laundry Business
(DBN)

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China:

Chaori Can't Make Payment in China's First Onshore Default
(DBN)

Chinese bonds - Not so sunny
(DBN)

Why more bankruptcies would be good news for investors in China
(DBN)

China's newest threat: zombies
(DBN)

Shanghai launches latest bad loan bank
(DBN)

Echoes of U.S. Subprime Seen in China Debt Ratings for Dagong
(DBN)

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Serbia:

UAE loan is taking Serbia a step closer to bankruptcy
(DBN)

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Hungary:

Hungary introduces new rules for liquidators
(DBN)

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Korea:

Banks launch clearing review after Korean broker default
(DBN)

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Kazakhstan:

Kazakhstan sets new limits on borrowing
(DBN)

____________

Russia:

Bank of Russia says preventing bankruptcy of Ukrainian bank's Moscow unit --- Russia’s CBR approves deposit insurance agency plan to prevent Moskomprivatbank bankruptcy
(DBN)

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