December 16, 2010

The Daily Bankruptcy News

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Law:

Oaktree, Angelo Gordon Seek Akin Gump Dismissal in Tribune Case
(DBN)

Lehman to Pay Weil Gotshal $1 Million for 4 Months' Expenses
(DBN)

A "20 Percent Better Year" at Susman Godfrey
(DBN)

David Boies Takes on Stephen Colbert - The Video
(DBN)

Accusations Fly in NY BigLaw Firm's Death: Was It . . . Dum, Dum, Dum . . . Murder?
(DBN)

Out-of-Town Firm Continues Raids on NY Mainstays With Practice Leader Takeaway
(DBN)

Would a Nixon Peabody/Locke Lord Merger Make Sense?
(DBN)

Want to Know How, Where and What Executives Search for When Hiring a Lawyer?
(DBN)

NY Partner, a Former BigLaw Corporate Head, Defects
(DBN)

Sued By Brunei Prince for Alleged $7M Theft, His Ex-Lawyers Win $21M as Prince Gets $54K
(DBN)

Lawyers Pulled a Fast One, DHL Heir Says
(DBN)

Partner Pair Purloined By White & Case
(DBN)

A Look at New Partner Classes at Ten Top Firms
(DBN)

Law Firm’s Satirical Holiday Card Backfires; Critics Claim Racial Stereotyping
(DBN)

I Suck at Law
(DBN)

R.I. Lawyer Chosen as PETA's Sexiest Vegetarian Over 50
(DBN)

Giving Back
(DBN)

Defendant Lawyer Tells Jury He Viewed Child Porn for Purpose of Providing Legal Advice
(DBN)

Pill Peddler Makes It Hard for the Po-Po to Peep at Your Email
(DBN)

NY Attorney-Politico Shoots (Off His Mouth), Scores (Ejection From Basketball Game)
(DBN)

BigLaw Firm Inks One of the Biggest Leases of the Year for New Manhattan Office
(DBN)

Moving A Law Firm To Google Apps
(DBN)

IP Means iPhone and iPad for Lawyers
(DBN)

Disbarred lawyer indicted for stealing from nun
(DBN)

Nun Who Thought Lawyer Was Sent By God Is Disappointed by Alleged Theft
(DBN)

Legal Defense of the Day: New Car Smell Diminishes Your Capacity to Have A Soul
(DBN)

"Follow the Money" Usually Less Literal
(DBN)

Secretary: I Told Managing Partner He Was Out of His Mind As He Defended Thieving Colleague
(DBN)

Judge Rules That Yodeling Offends Muslims
(DBN)

After 32 Years, Criminal Lawyer Plans to Exit Practice to Study Religion in Jerusalem
(DBN)

Mailman arrested for delivering mail -- nude
(DBN)

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Judges:

Memoirs of a Judicial Diva: Judge Vanessa Gilmore Pens A Second Book
(DBN)

‘Mr. Bobo’ Judge Is Admonished a Second Time for Crude Gestures
(DBN)

Former Alito Clerk May Be First In-House Lawyer to Argue ‘Orphan Position’ in High Court
(DBN)

Who’s to Blame for Unfilled Federal Judicial Slots?
(DBN)

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Wall Street:

S&P 500 futures negative after FedEx earns
(DBN)

S&P 500 Failing to Rally Past Pre-Lehman Level Amid Technical Resistance
(DBN)

Lloyd Blankfein Loves Goldman's Cafeteria
(DBN)

Don’t Worry About Wall Street: Profit and Pay Outlook Still Rosy
(DBN)

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Layoffs:

Hard Truth: Firms Don't Hire Unemployed
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

First Americans officers indicted by feds
(DBN)

Court holds that D&O policy does not cover internal investigations or costs in responding to SEC investigations
(DBN)

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Fraud:

An affair to remember
(DBN)

Madoff Prosecutor Heads To Private Sector
(DBN)

Four Ex-Madoff Workers Plead Not Guilty to New Charges in Ponzi Scheme
(DBN)

Madoff was Wall Street’s problem
(DBN)

Madoffed: 90-years-old and starting from scratch
(DBN)

Ex-Madoff aide told to hand over $2.4 million for bail
(DBN)

Goldman Sachs Wins Dismissal of Madoff Investor Suit
(DBN)

Lawsuit to name names, expose details in Durham Fair Finance case
(DBN)

Farah Says He Knew What He Did Was Wrong
(DBN)

The Ponzi Schemer Who Changed My Life
(DBN)

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Municipalities:

Bailouts or Bankruptcy for State and Local Government Pension Problems?
(DBN)

Pennsylvania to oversee Harrisburg's finances
(DBN)

Harrisburg Is Declared `Financially Distressed'
(DBN)

Mayor reacts to Act 47 announcement
(DBN)

Harrisburg's new 'distressed' city status can help - if mayor, council work together
(DBN)

Pontiac to lay off more police
(DBN)

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Accounting:

Bonus Watch ‘10: PwC Holiday Payouts Coming In
(DBN)

Holiday Bonus Watch: Deloitte Advisory
(DBN)

At Least One Ernst & Young Employee Is Less Than Thrilled with the Firm’s Efforts at Mid-Year Bonuses
(DBN)

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Distressed Investing:

'Vultures' Give US Good Mark
(DBN)

Retailers Bidding On Big Box, Retail Traffic Says
(DBN)

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Celebs:

'Real Housewife' Teresa Giudice says bankruptcy filing surprised her
(DBN)

Real Housewives of Orange County Alexis and Jim Bellino's The Bank is a Bully
(DBN)

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Education:

KY. AG issues subpoenas to 6 for-profit colleges
(DBN)

How Sallie Mae Cheats Student Borrowers
(DBN)

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Economy:

Senate Passes Compromise Tax Plan by Wide Margin
(DBN)

Public Support for Tax Deal Weakens
(DBN)

Obama tells lawmakers not passing tax deal could end presidency
(DBN)

Tax package heads toward high stakes vote in House
(DBN)

Republican Panelists Dissent on Cause of Crisis
(DBN)

Gap Between Rich and Poor in U.S. Drawn Along Geographic Lines
(DBN)

Never surrender: Fed fights failure with more of the same
(DBN)

Recovery yet to push up US prices
(DBN)

Factory Output Increases for 5th Month
(DBN)

TARP Deadbeat List Gets Longer
(DBN)

Obama Tries to Find Common Ground With Executives
(DBN)

U.N. Reports 'Considerable Slowdown' in Wage Growth
(DBN)

Kids write Santa this year for basic needs -- instead of toys
(DBN)

Roubini: Our World in 2011
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Senator eyes law on judge-ordered mortgage talks
(DBN)

Fed Mortgage Rescission Plan Sparks Fight Between Lenders, Consumer Groups
(DBN)

A home safety net with McMansion-size holes
(DBN)

Lawler: Foreclosure Mess Didn't Significantly Impact Home Sales
(DBN)

Record plunge in foreclosures, thanks to robo-signers
(DBN)

Homebuilder confidence remains flat in December
(DBN)

Crisis panel's GOP members blame recession on housing policy
(DBN)

Housing bust? So what? We still want to own
(DBN)

For Builders, A Failing Grade Is Worth Cheering
(DBN)

Housing recovery could take nearly a decade: BofAML
(DBN)

Servicers Downgraded Credit Score of Man Who Asked for His Note
(DBN)

Bank of America gets extension from investors on mortgage buybacks
(DBN)

Statler Trustee Files to Abandon Property
(DBN)

Foreclosures take biggest dive in years in November
(DBN)

Government guarantee expected for one-third of MBS in 2011
(DBN)

JPMorgan Chase Shares Higher Following Attempt to Put KB Homes Project Into Bankruptcy
(DBN)

Accusations Fly in a Faulty-Mortgage Lawsuit
(DBN)

Report charges conflicts of interest in Treasury program
(DBN)

New York housing market worse than California due to judicial foreclosures
(DBN)

GGP Reorganization Results in CRE Fundraising Surge
(DBN)

More Property Sales Expected in More Markets In 2011 As Investors Work Up Appetite for Risk - CoStar Group
(DBN)

Sun Bancorp Sells $87 Million in Commercial Real Estate Loans
(DBN)

StuyTown tenants see more problems ahead
(DBN)

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Finance:

Treatment of "make-whole" and "no-call" provisions by bankruptcy courts
(DBN)

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Lehman:

Lehman creditors file rival plan
(DBN)

Lehman Settles Derivatives Dispute
(DBN)

Former Lehman HR Chief Sues Failed Bank For $500,000
(DBN)

San Mateo County joins other creditors to challenge Lehman's bankruptcy plan
(DBN)

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Mass Torts:

BP Sued in New Orleans for Damages by US Over Gulf of Mexico Oil Spill
(DBN)

BP Falls Most in Four Months After US Files Oil Spill Lawsuit
(DBN)

_____________

Newspapers:

Tribune Lender Group Drops Proposal, Opens Door for Rival Bankruptcy Plans
(DBN)

Tribune Lender Group Drops Plan Without Settling
(DBN)

_____________

Compensation:

Goldman Execs to Get $111 Million in 2007, 2009 Bonuses
(DBN)

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Retailing:

Loehmann's Plans to Get Out of Bankruptcy by February
(DBN)

Phone-Wielding Shoppers Strike Fear Into Retailers
(DBN)

Best Buy overestimates holiday shoppers’ appetite
(DBN)

_____________

Hotels:

Buyers Circle as Hotels Come Under Pressure
(DBN)

Revel hotel asking for more cash
(DBN)

Jay-Z hotel put to bed
(DBN)

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Food/Drink:

The A&P Bankruptcy : It's Always the Union's Fault
(DBN)

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Religion:

Case could sink abuse suits
(DBN)

______________

Autos:

General Motors' Long-Term Bonds Could Yield 6.5 Percent, Credit Swaps Show
(DBN)

The arduous, personal journey of getting General Motors back on track
(DBN)

U.S. Receives $2.1 Billion From GM Preferred Share Buyback
(DBN)

No Raises for GM's White Collar Workers in '11
(DBN)

After Saving The Auto Industry, Washington’s New Rules Could Choke It
(DBN)

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IP:

Google, Apple Vie for Nortel 4G LTE Patents
(DBN)

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Secured Claims:

Perfecting mechanics' liens in Pennsylvania
(DBN)

_____________

Sporting Goods:

Schutt Sports Wins Court Approval to Sell Assets for $33 Million
(DBN)

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Gambling:

OTB's demise could jeopardize health care benefits for hundreds of workers
(DBN)

New York ponders OTB consolidation
(DBN)

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New Bankruptcy Opinions
(No 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)

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Miscellaneous:

Caveat emptor? What are you really getting when you get someone's “best efforts”?
(DBN)

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Bankruptcy Statistics:

Bankruptcy Filings Still on Pace for Five-Year High
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Congressional Research Service Report uncertain on BAPCPA effect
(DBN)

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Claim Trading:

Trade in US bankruptcy claims jumps in November
(DBN)

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Substantive Consolidation:

Can you Subcon Your Way into a Setoff?
(DBN)

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Litigation:

Proposed Amendments to Texas Civ Pro Rules Make Facebooking About Jury Duty a No-No
(DBN)

Judge Bars Twitter Updates From Courtroom During Assange Bail Hearing
(DBN)

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Banking:

WikiLeaks Disclosures Reveal RBS Chairman's Admission of '"Failure of Fiduciary Responsibilities"
(DBN)

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Health Care:

The individual mandate is wonderful, except for the bankruptcy, no doctors, etc.
(DBN)

Am I the Only One Whose Health Insurance Rates Have Fallen?\
(DBN)

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Apparel:

Rock & Republic Finds its Softer Side
(DBN)

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Politics:

Congress' Job Approval Rating Worst in Gallup History
(DBN)

Support for Obama's Move to the Center
(DBN)

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Finance:

CNBC: A Recovery in Loan Demand
(DBN)

_____________

Corporate Reform:

Corporate America is No Fan of New Whistleblower Law
(DBN)

CFTC Urged to Curb Speculation, Street Resists
(DBN)

Ohio AG Cordray To Lead CFPB's Enforcement Arm
(DBN)

Basel Committee Says 'Countercyclical Capital' to Protect Banks
(DBN)

Basel Regulators Give Some Countries Extra Leeway
(DBN)

Rift Over Wall Street Blame May Dull Impact of US Financial Crisis Panel
(DBN)

_____________

Tax:

Reflections of a Business Owner Who Didn't Pay His Taxes
(DBN)

IRS audits jump by 11 percent; wealthiest targeted
(DBN)

Liechtenstein Tax Evasion Settled for $67 Million
(DBN)

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Hockey:

Glendale, Arizona, Agrees to Pay $197 Million to Keep Coyotes From Moving
(DBN)

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Banking:

Highlights from the UBS Dress Code
(DBN)

The Banker's Guide To Dressing And Smelling Like A Winner
(DBN)

Fed to slash debit card fee$
(DBN)

The Quirky Reason Big Bank Customer Ratings Are Improving
(DBN)

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Horse Racing:

NYC counsel warns of OTB retirees losing benefits
(DBN)

NY considers new horse racing future after NYC OTB
(DBN)

______________

Aviation:

2011 Forecast: Airfares Rise, Profits Plunge
(DBN)

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Hollywood:

Restore the roar
(DBN)

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UK:

New rules to stop auditors from offering in-depth restructuring help
(DBN)

Unfair Lehman and Nortel pensions decision wrecks the rescue culture
(DBN)

Man sets fire to court in bankruptcy protest
(DBN)

______________

EU:

EU Faces `Gridlock' on Debt Crisis, Sees Deal on Post-2013 Tool
(DBN)

Europe Staggers as Critical Summit Looms
(DBN)

Year of bullying, bluff and bailouts leaves euro fighting for its life
(DBN)

Angela Merkel's 9 Point Plan To Save The Euro Is Pretty Much The Same Plan They Have Now
(DBN)

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PIGS:

Anti-Austerity Protest in Greece Turns Violent
(DBN)

Anti-austerity riots across Athens send shoppers fleeing in panic
(DBN)

Ireland Backs Bailout as Moody’s Warns on Spain
(DBN)

Reform of bankruptcy legislation proposed
(DBN)

Moody's: Spanish Lenders May Need $120B
(DBN)

Spain Borrowing Costs Jump Ahead of E.U. Summit
(DBN)

End to jailing of debtors sought by commission
(DBN)

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Russia:

Khodorkovsky Acquittal Would Make Russian Stocks ‘Ecstatic’
(DBN)

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Mexico:

Mexico’s unified secured transactions registry offers new opportunities for secured lending
(DBN)

_____________

Italy:

Bonelli founder handed 18-month suspended sentence in wake of Parmalat collapse
(DBN)

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Copyright 2010