August 26, 2010

The Daily Bankruptcy News

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Law:

Squire Sanders in Merger Talks with UK Law Firm Hammonds
(DBN)

Firms Ordered to Pay $1.96 Million for Filing Frivolous Suit
(DBN)

Claiming Excessive Fees, Patent Holder Sues Law Firms for $10 Million
(DBN)

Ohio Lawyer Suspended for Billing More than 24 Hours in a Day
(DBN)

How to Make a Dramatic Exit From Big Law
(DBN)

Rothstein law firm clients entitled to seized money
(DBN)

Master in Prudential Fraud Case Lowers His Fees as Plaintiffs Seek His Ouster
(DBN)

Are the Brits Ahead on the Women Front?
(DBN)

Tax Lawyer Pleads Guilty in Scheme to Hide Client’s Plundered Cash
(DBN)

You See What Happens, Larry? NYC Cabbie Stabbed Because He’s Muslim
(DBN)

What Military Training Can Teach ‘Catastrophizing’ Lawyers About Happiness
(DBN)

Wal-Mart Appeals Sex Discrimination Class Action to Supreme Court
(DBN)

Lawsuit of the Day: White Man Claims BBQ Joint Violates His Civil Rights
(DBN)

Public Defenders Often are Just as Effective as Private Counsel, Study Says
(DBN)

Lawyer ‘Devastated’ After Allegedly Missing Stop Sign, Causing Fatal Accident
(DBN)

Steptoe Wins Preliminary Injunction in Beef With Burger Restaurant
(DBN)

Manatt's Ongoing Headache: E-Mails Detail Firm's Jamaica Work
(DBN)

Lawyer of the Gay, Er, Day: Ken Mehlman
(DBN)

Averting Disaster Through Disaster Recovery
(DBN)

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Judges:

Judicial Committee Unanimously Confirms California's First Filipina-American Chief Justice
(DBN)

Justice Kennedy visits Maui
(DBN)

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Wall Street:

 

Stocks Recover Following Weak Home Sales Report
(DBN)

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Layoffs:

Northrop Grumman announces more layoffs
(DBN)

Outsourced Call Centers Return to US
(DBN)

10 States with Low Unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Metals:

Almatis bankruptcy judge approves disclosure statement
(DBN)

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Fraud:

U.S. Judge Seeks Gibraltar Assets For Madoff Victims
(DBN)

Bernard Madoff's Life Behind Bars
(DBN)

Does $100M D&O Policy Require Lloyd’s to Pay Stanford’s Legal Bills? Federal Judge Will Decide
(DBN)

As Rothstein Claimants' Losses Balloon, Recovery Estimates Dwindle
(DBN)

Authorities target Oshawa firm in alleged Ponzi scheme
(DBN)

Judge tells Hecker to turn over documents
(DBN)

Movie producer charged with Ponzi scheme
(DBN)

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Debt Collection:

Debt collection biz run out of prison
(DBN)

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Furniture:

Collection against Collezione
(DBN)

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Retailing:

Brookfield to run General Growth spinoff
(DBN)

General Growth nearing breakup under bankruptcy
(DBN)

Oriental Trading Co. Files for Bankruptcy in Delaware
(DBN)

Inspecting American Apparel for Signs of Financial Ruin
(DBN)

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Gambling:

Fortune Valley, Central City's largest casino, sells for $10 million
(DBN)

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Trucking:

Celadon Lawsuit Goes Class Action
(DBN)

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Radio:

Turning a radio station around
(DBN)

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Credit Reporting:

Indiana Court of Appeals holds that claim under the Fair Credit Reporting Act survives bankruptcy and must be arbitrated
(DBN)

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Celebs:

Real Housewives of New Jersey star Teresa Guidice can only afford fake jewels
(DBN)

Movie Producer Charged With 89 Felony Counts
(DBN)

'90s stars with money problems
(DBN)

Paul Hogan Returns to Australia to Bury His Mother and Now Australia Won’t Let Him Leave
(DBN)

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Economy:

Durable goods orders rise a disappointing 0.3 percent
(DBN)

Ford Motor: We Don't See Double-Dip
(DBN)

Obama Debt Panel Co-Chair Under Fire
(DBN)

US Millionaire Index Turns Down
(DBN)

Democrats Move to Shore up Recovery
(DBN)

Corporate US: Time to Spread the Wealth
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

New home sales hit lowest level ever
(DBN)

Home Prices in US Decline 1.6% in Second Quarter, FHFA Says
(DBN)

Re-Defaults on Modified Mortgage Loans Falling
(DBN)

HAMP fizzles
(DBN)

Chase Converts 23% of Mortgage Modifications to Permanent Status
(DBN)

Developer Michael Mastro, wife moving out of Medina mansion
(DBN)

Housing's a wreck. Builders rally. Huh?
(DBN)

Mortgage Applications Rise on Refi
(DBN)

Miami Condo Sales Soar
(DBN)

House Price Outlook Continues to Dim
(DBN)

Abercrombie & Fitch Shuttering 110 Stores, GM Shrinks Real Estate Holdings, More Retailer Right-Sizings
(DBN)

Speculation Rising Over Impact of Expiring Capital Gains Tax Cuts on CRE Sales
(DBN)

Eight Takeaways on the Current State of Distress Opportunities
(DBN)

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Lehman:

Barclays Didn't Know What Backed $45 Billion Lehman Loan, Witness Says
(DBN)

Lehman Trustee Says Brokerages Need Liquidation Plans to Avoid Disorder
(DBN)

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Municipalities:

Cutbacks force police to curtail calls for some crimes
(DBN)

Another Day, Another Post on the Municipal Bankruptcy Bill
(DBN)

Municipal bankruptcy legislation resurrected
(DBN)

Bankruptcy bill must die
(DBN)

Nevada Tops Survey Of States In Distress
(DBN)

Harrisburg Authority Says It Will Skip Bond Payments
(DBN)

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Credit Cards:

Credit-Card Delinquencies Slump In 2Q; Balances At 8-Year Low
(DBN)

Credit Card Debt, Double Dip: Hot Trends
(DBN)

Beware the Credit Card “Fee Harvesters”
(DBN)

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Corporate Governance:

SEC Approves Rule That May Ease the Ousting of Directors by Shareholders
(DBN)

SEC Moves Towards Easier Proxy Balloting
(DBN)

Dead Zone? Direct Claims by Creditors of a California Corporation May Not Lie Against Management Based on Management's Allegedly Shifting Duties When Corporation Is in the Zone of Insolvency or Insolvent
(DBN)

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Autos:

Auto sales likely to keep slipping
(DBN)

Chrysler Dealers: Fiat Brand a Fifth Wheel
(DBN)

Sergio Marchionne: Chrysler's Speed Merchant
(DBN)

New General Motors Looks Abroad
(DBN)

Visteon seeks court OK for $700 mln exit financing
(DBN)

Autoworkers Adjust to Job Banks' End as GM, Ford Try to Rebound
(DBN)

No, the GM Bailout Hasn't Succeeded
(DBN)

Auto Parts Suppliers Rebound While PE Waits on Sidelines
(DBN)

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Art:

Will tough times trigger corporate art selloff?
(DBN)

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Music:

Music Royalties Strangle Playlist.com
(DBN)

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Corporate Reform:

Too-Big-to-Fail Bailout Avoidance Provisions
(DBN)

Pressure mounts for 'Sheriff' Elizabeth Warren
(DBN)

Ex-Harvard Dean Top Pick To Lead Consumer Bureau
(DBN)

Despite Reform, Banks Have Room for Risky Deals
(DBN)

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Banking:

Judge Sets Nov. 1 Trial Date for $4 Billion Investor Claims in WaMu Chapter 11
(DBN)

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Paper:

AbitibiBowater gets bankruptcy court OK for financing
(DBN)

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Newspapers:

Could Ex-Disney CEO Eisner Be Next Tribune Chair?
(DBN)

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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Sovereigns:

Morgan Stanley: Government Bond Defaults Inevitable
(DBN)

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Miscellaneous:

Innkeepers, Oriental Trading, Fulton, Arrow Air, Magic Brands: Bankruptcy
(DBN)

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Administrative Claims:

Decision in Qimonda bankruptcy looks at whether a conversion claim is entitled to administrative priority
(DBN)

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Mass Torts:

Travelers wins big award in 17-year asbestos case
(DBN)

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Hotels:

Innkeepers Creditors Can Probe Apollo and Lehman Buyout Deal, Judge Says
(DBN)

Appaloosa Unhappy Over Innkeepers Deal
(DBN)

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Health Care:

Sen. Baucus [author of health care reform] admits to not reading bill -- “I don’t think you want me to waste my time to read every page of the health care bill"
(DBN)

Bankrupt NYC hospital to sell suburban facility
(DBN)

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Oil/Gas:

Oil Spill Panel Hears About Halliburton Warning
(DBN)

BP: Oil Spills Costs Reach $6 Billion
(DBN)

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Insurance:

Trial on D&O Insurance Coverage for Allen Stanford's Attorneys' Fees Begins
(DBN)

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Litigation:

NERA Releases Failed Bank Litigation Report
(DBN)

Is 'Private' Data on Social Networks Discoverable?
(DBN)

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Marine:

Trico Marine Services Files Bankruptcy , Puts Blame on `Sluggish' Economy
(DBN)

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Consultants:

Judge dismisses Huron Consulting whistleblower case
(DBN)

Jamie Lisac Joins Dresner Partners to Lead Financial Restructuring and Corporate Turnaround Practice
(DBN)

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Food/Drink:

Bashas' creditors settle with Arizona grocer
(DBN)

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UK:

Fugitive tycoon says he's returning to UK
(DBN)

Property tycoon 'heartbroken' by empire's collapse
(DBN)

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Germany:

German Government Adopts Plans for Bank Levy
(DBN)

German Economy Grows Most in 20 Years
(DBN)

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Canada:

Business bankruptcies rise in June
(DBN)

Capital bankruptcies on the skids
(DBN)

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Ireland:

Hurdles to Ireland regaining its financial reputation
(DBN)

Ireland highly rated by Newsweek, but not S&P
(DBN)

Ireland Downgrade Ignored? Don't Think So
(DBN)

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Kazakhstan:

Kazakh Farmers Fear Bankruptcy
(DBN)

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Greece:

Greek FinMin: recession milder than forecast
(DBN)

Some 170,0000 Greek businesses face bankruptcy by end of year
(DBN)

Debt-ridden Greece pays pensions to dead
(DBN)

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Middle East:

Dubai World Sells Best Assets to Cut Debt
(DBN)

The ballad of debtor’s jail
(DBN)

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Brazil:

The Brazilian Bankruptcy Law Experiment
(DBN)

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