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Federal Bar Association Young Lawyers Division — Brown Bag Lunch
Federal Bar Association Young Lawyers Division — Brown Bag Lunch with the Honorable Michael Fitzgerald, United States District Judge, and the Honorable Carla Woehrle, United States Magistrate Judge
Bring your lunch and join Judge Fitzgerald and Judge Woehrle for an exciting and informative introduction to federal practice in the Central District of California.
November 1, 2012 Time: 12:00 p.m. – 1:00 p.m.
No charge to attend, but space is limited!
Federal Bar Association – Los Angeles Chapter
210 N. Glenoaks Blvd. Ste C
Burbank, CA 91502
***FYI Professor Hayes’ son Cassidy Hunter Hayes is going to clerk for Judge Fitzgerald next year!
Latest U.S. Trustee “Watchdog” is Available
This is a really useful newsletter from the U.S. Trustee’s Office in the Central District. You can access it here.
Earle Hagen Golf Tournament Today
I’m heading for the Earle Hagen Charity Golf Tournament today at Bremar Country Club. Couldn’t find my clubs. They were in the trunk of my car where they have been since last year. We moved the tournament from beginning of Sept to beginning of Oct so it wouldn’t be so hot. Expecting 100+ today. I’ll post some pictures tomorrow. Hope to see you there.
California Court Says Okay to Infliction of Emotional Distress Against Bank That Agreed to Loan Mod and Then Foreclosed (I love it some more)
From the Insolvency Law Committee Bankruptcy e-Bulletin:
A California appellate court has held that a mortgagor may recover for intentional infliction of emotional distress from a mortgagee that falsely promised to modify her loan but then proceeded to foreclose. [Ragland vs. U.S. Bank, N.A., 2012 Westlaw – – (Cal.App.)]
I’ll post the cite as soon as I get it.
Riverside News from Michael Gouveia
More Riverside news from our friend and member Michael Gouveia:
Your cases filed this week will be scheduled for creditors meetings at 3801 University, Riverside, CA 92501. The Court has scheduled the Chapter 7 hearings for October 26 with both Mr. Cisneros and Ms. Bui’s hearings both being heard at the same place: 3801 University, Riverside, CA 92501. The cases for October 29 will be: Danielson will be at 3801 University, Room 100-1 Anderson will be at 3801 University, Room 100-2 and Cohen will be at 3420 12th Street???
All the rest of week, the hearings will be on 3801 University (including Mr. Cohen’s November 1st hearing.)
The 14th Street/ Martin Luther King Blvd. Bridge on 91 freeway will be widened starting next week—for two years. Expect major delays using that exit. If you are going to The Riverside Bankuptcy Court, use the Mission Inn Blvd. exit (7th street) off the 91 freeway, or exit off the 60 freeway as the 14th Street bridge will go from three lanes down to one.
Digital Domain Chapter 11 Filing — Guess Tupac won’t be “performing” at Coachella next year…
I was so fascinated when I watched the video of Tupac Shakur performing at Coachella this year — and now, less than a year after going public, Digital Domain Media Group Inc., the digital production company founded by director James Cameron has filed for Chapter 11 bankruptcy protection in Delaware.
Digital Domain is best known for its work on the movie “Titanic” and has produced visual effects for more than 90 movies. In April at Coachella, its Tupac Shakur hologram amazed thousands of people when “it” (Tupac!) took the stage and appeared to perform alongside Snoop Dogg.
One of the biggest shareholders in the company is former Miami Dolphins quarterback Dan Marino, who is listed in bankruptcy filings as owning 1.6 million shares.
As of the petition date, the company had total assets of about $205 million and total liabilities of about $214 million.
12-12568-BLS Digital Domain Media Group, Inc.
Case type: bk Chapter: 11 Asset: Yes Vol: v Judge: Brendan Linehan Shannon
Date filed: 09/11/2012 Date of last filing: 09/12/2012
Off Topic – Best Article Ever on Insider Trading
I am teaching two sections of Business Organizations this year at the University of West Los Angeles, School of Law. This is the 7th or 8th year in a row for this subject for me. One of the toughest concepts to teach is insider trading, also colloquially known as Rule 10(b)(5). Rule 10(b)(5) is called the most famous rule in the world of business law. It is tough for students to understand because there is this general belief that anyone who buys or sells stock having inside information should be shot. It is also tough because Rule 10(b)(5) says nothing about trading with inside information.
Prof. Steve Bainbridge, UCLA bus law prof extraordinaire, who is not the easiest guy to understand in the first place, has written a brilliant article laying out the basics of the concept. Insider Article Bainbridge The ban on insider trading goes hand-in-hand with fiduciary duties. Take a look.
10,000th “Hit” Today
Thanks to those following this blog. We started on January 1 of this year and reached 10,000 hits today. About 3,500 of the hits are from people returning to the blog. The blog is aimed at bankruptcy lawyers and professionals in the Central District of California so thanks to those who return regularly to get updates on what’s going on. Jon Hayes
Michael Gouveia’s Riverside BK Notes
Michael Gouveia’s RIVERSIDE BK Notes
The Chapter 13’s in September and October creditors meetings will be at the 12th Street Courthouse. Yes, you read right. The 341’s for the weeks of Septmeber 10th, September 17th, September 24th and now into October are scheduled for 3420 12th street (at the Court house in little room 100a). The 14th Street/ Martin Luther King Blvd. Bridge on 91 freeway will be widened starting next week—for two years. Expect major delays using that exit. If you are going to the Riverside Bankuptcy Court, use the Mission Inn Blvd. exit (7th street) off the 91 freeway, or exit off the 60 freeway as the 14th Street bridge will go from three lanes down to one.
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