August 31, 2010

The Daily Bankruptcy News

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Law:

Is the Billable Hour Going Away? Not According to the Supreme Court
(DBN)

If Blockbuster Goes Bankrupt, Weil Will Be There
(DBN)

Union Sues Pryor Cashman for $42 Million
(DBN)

Law License: Good Wherever you Go?
(DBN)

Ohio Supreme Court Suspends Lawyer for Destroying Documents and Lying About It
(DBN)

Always a Trendsetter, Cadwalader Now Experiencing Thievery
(DBN)

Five Years After Katrina, New Orleans Legal Community Is Finding Its Way
(DBN)

S.E.C. Lawyer Leaves for Steptoe
(DBN)

NY Volunteer Attorney Programs Benefit from ‘Lost Generation’ of Law Grads
(DBN)

Unfriend Me - A GC fumes about a Facebook attack.
(DBN)

Judge approves restitution for Ponzi schemer Scott Rothstein's victims
(DBN)

Rothstein restitution just pennies on the dollar
(DBN)

Non-Investor Clients to Recoup Bulk of Rothstein Funds
(DBN)

"It's not about money; it's about freedom. Legal education gives students what 99.9 percent of humanity yearns for but is denied: control over one's own life"
(DBN)

A Sit-Down with the Law School Transparency Hunger Striker, Zenovia Evans
(DBN)

Lawyers Take Swings at Each Other in Dodgers Divorce Trial
(DBN)

Off the Clock: Easy Rider
(DBN)

Ruling Clears Way for Testimony by Ex-Toyota Lawyer on Hidden Documents
(DBN)

Ex-Partner, 82, Sues High-Profile Divorce Firm, Claims Broken Pact to Support Him
(DBN)

Phila. law firms stand out in the Inc. 5000
(DBN)

Every Legal Secretary Has A War Story
(DBN)

Two-Track Legal Education Coming to a Law School Near You?
(DBN)

Lawyer’s Mom Helps Inmate Pen Pal Win Conviction Reversal
(DBN)

Bed Bugs v. Brooklyn D.A.’s Office: Round 2
(DBN)

Drunk Fireman Torched Her Home and Two Others, Woman Says
(DBN)

Squire Sanders Motion Hits Lawyer’s ‘Delusions’ that LeBron James Is His Son
(DBN)

After the Way He Treated Cleveland, Why Would Anyone Want To Be LeBron James’s Father?
(DBN)

Oops. Juror Calls Defendant Guilty on Facebook, Though Verdict Isn't In
(DBN)

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Judges:

Bankruptcy Judge Denies Incendiary Motion To Recuse
(DBN)

How Justice Ginsburg Handled Phone Calls About Her Misbehaving Kid
(DBN)

Women Make Up One-Third of the Supreme Court, But Does it Matter?
(DBN)

Chief Judge Has Power to Block Hires on Nepotism Grounds, Appellate Court Rules
(DBN)

Increasing Federal Bench Vacancies Concern Observers, Including Justice Kennedy
(DBN)

Administrative Law Judges Call for More Security
(DBN)

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Wall Street:

Stock futures point to Wall Street extending decline
(DBN)

Stocks drop as fear returns
(DBN)

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Layoffs:

Pimco’s El-Erian Sees ‘Lost Decade’ for U.S. Jobs
(DBN)

Japan Airlines to cut 16,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Mexicana Grounding `Should Be Permanent' Following Bankruptcy , UBS AG Says
(DBN)

Chaos and Stranded Tourists After Mexicana Shutdown
(DBN)

Japan Air's Lenders Agree on $10 Billion Turnaround Plan, to Forgive Debt
(DBN)

JAL to slash workforce as part of restructuring
(DBN)a

Japan Airlines to Start Discount Carrier as Part of a Plan to Turn Around
(DBN)

JAL to slash routes, aircraft in turnaround bid
(DBN)

Panel finds no criminal wrongdoing behind JAL's troubles
(DBN)

Govt OKs JAL Turnaround Plan
(DBN)

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Religion:

After bankruptcy , Iowa diocese raises $22 million in capital campaign
(DBN)

Abuse payments sap fund, putting churches at risk
(DBN)

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Hotels:

Crowne Plaza Lead Investor: Bankruptcy Filing Was Measure To Protect Mortgage; Hotel Is Strong
(DBN)

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Public Transit:

Monorail seeks to erase $640 million in debt
(DBN)

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Television:

CEO Young Makes Old Play: Added Compensation
(DBN)

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Insurance:

Hedge Funds Seek to Prevent Ambac From Taking Bond-Insurance Unit's Assets
(DBN)

AIG's Insurers Settle Derivative Action Against Greenberg
(DBN)

Taiwan to Block Sale of AIG Unit
(DBN)

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Trucking:

Arrow Trucking trio seeks $1.83 million; bankruptcy trustee objects
(DBN)

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Newspapers:

Pressmen reject Philadelphia newspapers' contract offer
(DBN)

Teamsters', machinists' contract rejections hold up closing of newspaper deal
(DBN)

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Food/Drink:

Bankrupt owner of San Jose's Mercados Su Vianda leaves suppliers empty-handed
(DBN)

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Consultants:

Alvarez & Marsal Appoints Mostrom Senior Director in Real Estate
(DBN)

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Sovereigns:

Sovereign debt for dummies - It's only a matter of time till runaway debtors such as the United States hit the wall
(DBN)

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Litigation:

Suit: Milacron officers hid info
(DBN)

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Economy:

July Consumer Spending Gain Strongest in 4 Months
(DBN)

July consumer spending up: Is US economy back on recovery track?
(DBN)

Painfully slow comeback for consumers
(DBN)

Obama rips GOP for blocking business aid bill
(DBN)

White House: More Economic Stimulus Measures Coming
(DBN)

How Obama Got Rolled by Wall Street
(DBN)

Record number in government anti-poverty programs - 1 in 6 receiving benefits
(DBN)

NABE survey: Disagreement over Fed policy outlook
(DBN)

Dallas Fed says fiscal stimulus is a quick fix, not a permanent solution
(DBN)

Economists: I dunno, man. What do you think?
(DBN)

Bernanke Manages Expectations for Fed Role
(DBN)

Why H-P Buyback Is Bad News For The Economy
(DBN)

The Post Crisis Decade: Ugly
(DBN)

The Elite Are Getting Richer, The Poor Are Getting Poorer And The Middle Class Is Being Destroyed
(DBN)

Ten Signs of a Still-Troubled Economy
(DBN)

Latest Grant Thornton Business Optimism Index Reaffirms That No One Has Any Idea What Is Going to Happen Next
(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:

Lawyer Gets Nearly 4 Years in Fraud Case Over Refi of His Own Home
(DBN)

Loan Mod Saves OC 'Housewife' Alexis Bellino's Home
(DBN)

Secondary mortgage market bracing for more declines in housing
(DBN)

Commercial Real Estate, Bargain or Bust?
(DBN)

Blackstone Returns Fees in First Clawback Triggered at Firm
(DBN)

KBW: no benefit from forced refi program
(DBN)

Statler Sale Approved in Bankruptcy Court
(DBN)

Wells Fargo Mortgage Loan Application Raises Questions
(DBN)

Commercial real estate failures easier to spot than residential woes
(DBN)

Housing Bust Makes Paying for College Harder
(DBN)

Texas AG Abbott charges servicer with illegal collection tactics
(DBN)

Reluctant landlords rent to pay mortgages
(DBN)

Them be fightin’ words: the fight over foreclosure fees
(DBN)

FL: Receiver alleges developer fleeced his own company
(DBN)

Arizona HOAs turn to hardball tactics
(DBN)

StuyTown mortgage holders snub Ackman, embrace tenants
(DBN)

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Banking:

Regulators slam Great Eastern Bank management, capital
(DBN)

ShoreBank’s buyer lays off 60 employees
(DBN)

Shareholders Challenge Bank Sale
(DBN)

Ohio Attorney General Praises Ruling On Bank Of America Suits
(DBN)

Motions to Dismiss Denied, Granted in Part in BofA/Merrill Merger Securities Suit
(DBN)

Blankfein owns largest stake in his own bank
(DBN)

How Robert Steel sold Wachovia to Wells Fargo
(DBN)

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Oil/Gas:

Rigs' drilling parts lack third-party endorsements
(DBN)

Rules so loose you could float a rig through them
(DBN)

Cameron Loses Bid to Slow Retrieval of Spill Evidence
(DBN)

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Ethanol:

Fergus Falls ethanol operator receives extension
(DBN)

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Baseball:

Texas Rangers End Bankruptcy In The Black
(DBN)

______________

Corporate Governance:

SEC Passes Rule That May Help Investors Change Boards
(DBN)

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Corporate Reform:

SEC weighs raising the standard for brokers
(DBN)

Fiduciary Duty: What Investors Need to Know
(DBN)

Is Elizabeth Warren Ready For Her Close-Up?
(DBN)

GOP Warming to Elizabeth Warren?
(DBN)

The Sultans of Swap: Dodd-Frank and the Future of International Derivatives
(DBN)

The Dodd-Frank Act: Creative Destruction, Destroyed
(DBN)

US pay law branded ‘logistical nightmare’
(DBN)

FDIC financial reform roundtables start Tuesday
(DBN)

SEC, Asleep During the Financial Meltdown, Vows to Get Tough
(DBN)

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Municipalities:

New York Rebounds From Slump, but Unevenly
(DBN)

State Tax Revenues Tick Up
(DBN)

Where States Get Their Money
(DBN)

California: the Golden Parachute State
(DBN)

Ross May Find Profit Elusive in Muni Insurance Buffett Shunned
(DBN)

Harrisburg, Pennsylvania, Plans to Skip $2.2 Million Payment Due Sept. 1
(DBN)

Recent Bankruptcy Decisions Demonstrate Importance of Structuring Considerations in Financings of Public-Private Partnerships
(DBN)

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RVs:

RV Recovery to Be Flatter Than Expected
(DBN)

______________

Avoidance Actions:

Farmers get warning on VeraSun payments
(DBN)

______________

Horse Racing:

Judge orders $14.7M payment in Stonewall case
(DBN)

______________

Tax:

2nd Circuit Upsets Fine Imposed in KPMG Tax Shelter Case
(DBN)

Attention Dallas Cowboys Fans: You Have Another Shot at Season Tickets Courtesy of the IRS
(DBN)

______________

Utilities:

US Power Acquisitions Surge as Blackstone, NRG Hunt Bargains
(DBN)

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Health Care:

Lower Bucks Hospital is given more time for bankruptcy filing
(DBN)

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New Bankruptcy Opinions
(5 new opinions 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)

______________

Miscellaneous:

HSH Delaware, Crucible, P&C Poultry, Metrofinanciera, Garlock: Bankruptcy
(DBN)

Failure to Notify Bankruptcy Court of Discrimination Suit Knocks Out Damages
(DBN)

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IP:

The Edge of Discretion
(DBN)

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Fraud:

Not So Fabulous
(DBN)

Fraud Laws in the Crosshairs
(DBN)

Rothstein Trustee Sets Sights on Retailers
(DBN)

Fla. Ponzi schemer owes $363 million restitution
(DBN)

Rothstein ordered to pay $363 million to victims, surrender half his prison wages
(DBN)

Do Rothstein investors deserve to be paid back?
(DBN)

Court Affirms Arb Award Against Madoff Feeder Fund
(DBN)

Colo. man extradited from Argentina in Ponzi case
(DBN)

Judah ponzi scheme victims take arguments to judge
(DBN)

NY: Man Charged in NY Ponzi Scheme Commits Suicide
(DBN)

Defense lawyer wants off May financial fraud case
(DBN)

Crybaby Ponzi Schemer Alleges NCAA Violations
(DBN)

SpongeTech Execs Paid For Escorts With Company Credit Card
(DBN)

The Bernie Madoff of Beverly Hills
(DBN)

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Student Debt:

The Student Loan Debt Clock
(DBN)

______________

Autos:

US Car Sales Head Toward 1982 Lows
(DBN)

Used vehicle demand up, supply down; prices soar
(DBN)

Late Payments on Auto Loans Fall in 2Q
(DBN)

______________

Symphonies:

Budget woes sowing discord at Detroit orchestra
(DBN)

______________

Celebs:

No horsing around, IRS tells ex-NFL star
(DBN)

Lady Gaga going the bankruptcy way?
(DBN)

Hogan has bankruptcy fears
(DBN)

______________

Resorts:

Creditors want Yellowstone Club's founder to pay up
(DBN)

______________

Gambling:

Court Confirms Station Casinos Plan
(DBN)

______________

Finance:

Banks are lending but no one wants debt
(DBN)

______________

Hockey:

Mystery buyer emerges for Coyotes
(DBN)

______________

Video Rentals:

Blockbuster Shareholder Group Decries Bankruptcy Talk
(DBN)

______________

Lehman:

Lehman Derivatives Records a `Mess,' Barclays Executive Says
(DBN)

Lehman's Fuld to Testify Sept. 1 for Panel Probing Credit Crisis
(DBN)

______________

Debt Collection:

Creditor Garnishes Funds Held by Chapter 13 Trustee
(DBN)

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Cross-Border:

Welcome to New York; the Bankruptcy Court is Below the Museum
(DBN)

______________

UK:

Billionaire Real-Estate Mogul Is Blabbering Fool, Lawyer Claims
(DBN)

Insolvency Practioners to fill in after cuts to Insolvency Service
(DBN)

UK Mortgage-Approvals Report Adds to `Downbeat' Data on Housing Market
(DBN)

House prices have nowhere to go but down
(DBN)

Search for Weymouth's teeny raiders - Bankruptcy consultant superglue victim?
(DBN)

______________

EU:

European Confidence Rises to Highest Since March 2008
(DBN)

______________

Canada:

Another delay requested in Pocklington perjury case
(DBN)

Bedroom Depot bankrupt
(DBN)

Fishery casts 130 adrift
(DBN)

Bankruptcies on rise in Canada, raising recovery concerns
(DBN)

______________

Japan:

Japan Policy Tinkering Leaves Economic Outlook With `Huge Downside Risks'
(DBN)

______________

Mexico:

Metrofinanciera, Mexico Mortgage Lender, Seeks US Bankruptcy Protection
(DBN)

Defaulted Vitro Bonds Rally to 22-Month High as Creditors Bet on New Offer
(DBN)

______________

Chile:

Chilean Copper Mine Flouted Worker Safety, and Now Warns of Bankruptcy
(DBN)

______________

China:

The Go-Go World of Private Equity in China
(DBN)

______________

India:

Indian Economy Accelerating
(DBN)

______________

Greece:

Greek FinMin: markets still assessing reforms
(DBN)

______________

Ireland:

38,000 firms at risk of failure
(DBN)

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