December 3, 2010

The Daily Bankruptcy News

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Law:

Bonus Watch: Proskauer Rose Matches
(DBN)

Bonus Watch: Willkie Farr Matches
(DBN)

Managing Partners Survey The Marketplace, Forecast the Future
(DBN)

Top Partners to Work For – New York (Part 3)
(DBN)

Pls Hndle Thx: If You Don’t Know Me By Now
(DBN)

Survey Finds BigLaw's Recession Moves Are Here to Stay
(DBN)

D.C. Managing Partners Forecast the Future
(DBN)

Inside Straight: The Incumbency Advantage
(DBN)

All Right, General Counsel, Let's HEAR It: In Your Own Words
(DBN)

MegaFirm Says It Will Pay a Premium for Marquee Laterals
(DBN)

A Rundown of Alternative Fee Arrangements
(DBN)

Irving Picard puts ethics on trial as JPMorgan sued for $6.5bn
(DBN)

JPMorgan, DoubleLine, Hypercom, Ensco, Tyco, RBS in Court News
(DBN)

Lawyers and auditors in prison agency get the same perks as cops and firefighters
(DBN)

Declination Letter of the Day: Never Say Lawyers Have No Standards
(DBN)

The Year of Living Indebtedly
(DBN)

Attention Small Law Firms: Beware the Social Media Marketer
(DBN)

Apps For the Road Warrior Attorney
(DBN)

October LSAT Test-Taker Numbers Are 2nd Highest Ever
(DBN)

Inept Law Grad Pretended to Practice Even After Being Suspended, His Lawyer Says
(DBN)

Diminishing Returns Spur Some Lawyers to Re-Evaluate Yellow Pages Ads
(DBN)

Old Gadgets Make New Gift List
(DBN)

Why Were Two House Ethics Lawyers Suspended? Maxine Waters Wants to Know
(DBN)

Worker who copied confidential documents for discrimination lawsuit is protected
(DBN)

Voted Out of Kindergarten by Classmates, Autistic Boy, 5, Gets $350K Settlement
(DBN)

Phone Prankster Receives Severe Dose Of Texas Justice
(DBN)

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Judges:

Federal judicial system: too many openings, too few judges
(DBN)

Posner Instructs Catholics on Contraception
(DBN)

Camp fallout continues
(DBN)

Judge admits he violated rights - Reprimand urged for jailing lawyer over Pledge of Allegiance
(DBN)

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Wall Street:

US Stock-Index Futures Are Little Changed Before Monthly Payrolls Data
(DBN)

Wall Street Rallies as Euro Concerns Ease, Data Eyed
(DBN)

Bulls Run Into December As Stocks Surge Again
(DBN)

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Layoffs:

Jobless claims continue bouncing around with 6.3% rise last week
(DBN)

Jobless Claims Rise, But the Trend Still Looks Encouraging
(DBN)

Payrolls Seen Up In November And Jobless Rate Steady
(DBN)

Mass layoff events and initial claims by industry, October 2010
(DBN)

White House: Unemployment Expiration Threatens Recovery
(DBN)

Unemployed, and Likely to Stay That Way
(DBN)

Another Side of Pink Slips: Fraud Risk in a Reduced Workforce
(DBN)

Will Today's Unemployed Become Tomorrow's Unemployable?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

Treatment of swap agreements under insurance insolvencies
(DBN)

Can a D&O Insurer Seek to Recoup Prior Settlement Payments from Its Own Insured?
(DBN)

People with Life insurance Lowest in 50 Years
(DBN)

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Litigation:

Early Case Assessment to Get Your Story Straight
(DBN)

Thoughts About WikiLeaks and Executive Liability
(DBN)

Some Firms Discovering E-Discovery
(DBN)

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Lehman:

JPMorgan hits back at Lehman, says it was misled
(DBN)

Lehman Was 'Motivated' to Defraud JPMorgan, Bank Says
(DBN)

Lehman Brokerage Trustee, Firm Seek $22.8 Million
(DBN)

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Pigeons:

Charges brought against Pigeon King Arlan Galbraith
(DBN)

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Aviation:

Slightly Crazy Blond Decloaks for TSA
(DBN)

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IP:

Music Stops for CBGB Holdings Bankruptcy
(DBN)

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Hotels:

Shore Club once again in foreclosure
(DBN)

Two join legion of troubled hotels
(DBN)

Clarion Hotel Still Open
(DBN)

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Bankruptcy Crimes:

FBI Agent Found Guilty Of Federal Wire And Bankruptcy Fraud
(DBN)

Dr. Shine Accused of Hiding Millions During Bankruptcy
(DBN)

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Mass Torts:

Stack to serve as asbestos bankruptcy trustee
(DBN)

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Non-Profits:

Judge: Sell off Germantown Settlement
(DBN)

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Directories:

Yellow pages publisher lays off workers
(DBN)

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Religion:

Diocese lambasted for seeking legal fees from man who sued
(DBN)

Bankruptcy filings show generous pay for relatives of Crystal Cathedral founder
(DBN)

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Economy:

GOP to Fed: Forget About Jobs
(DBN)

Data Shows New Signs of Improving Economy
(DBN)

More Applied for Jobless Benefits Last Week
(DBN)

House Approves Middle-Class Tax Cuts, Senate May Filibuster
(DBN)

Cliff Notes for the The Middle Class Tax Relief Act of 2010
(DBN)

Senate deal on competing tax votes collapses
(DBN)

Delaying Tax Vote Could Crash Stock Market
(DBN)

Bailout Recipients
(DBN)

The Deficit Panel's Bitter Medicine
(DBN)

Corporate America Shrugs Off Deficit Plan
(DBN)

Toll: Eliminating Mortgage Interest Tax Deduction Is 'Selfish'
(DBN)

The Fed Lied About Wall Street
(DBN)

Cross Section of Rich Invested With the Fed
(DBN)

Fed Created Conflicts in Improvising Financial System Rescue
(DBN)

Manufacturers Could Face Slow Growth in '11
(DBN)

Tax Breaks for Bailout Recipients Spark Debate
(DBN)

The Big Economic Story, and Why Obama Isn't Telling It
(DBN)

The Big Uneasy: Ben Bernanke, the Fed, and quantitative easing
(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:

Rodgin Cohen: 30-year fixed mortgage 'nonsensical'
(DBN)

Fed Wants to Strip Key Homeowners' Protection
(DBN)

Deloitte: First Time Defaulters Creating New Challenges For Banks
(DBN)

Thousands of Pennsylvania Foreclosures
(DBN)

Judge Questions Attorney Affirmation in Foreclosure Suit
(DBN)

Mortgage Foreclosure Settlement Due In Q1 2011
(DBN)

Ohio offers biggest foreclosure
(DBN)

Bank Regulators May Seek Fines, Criminal Penalties in Foreclosure Fiasco
(DBN)

LI judge testifies in Congressional foreclosure hearing
(DBN)

Banks' legal right to foreclose is questioned in testimony before House panel
(DBN)

When ‘Absolute Assignment’ Means Something Less than Absolute
(DBN)

On the Mortgage Mess, Fannie and Freddie Point Blame Elsewhere
(DBN)

Pending Sales of US Existing Homes Rise a Record 10%
(DBN)

The Reported Jump In Pending Home Sales Is A Joke
(DBN)

Real Foreclosure Relief Can't Wait
(DBN)

Radar Logic home price index down 2.7% for September
(DBN)

MBA mortgage applications index plunged 16.5% last week
(DBN)

Rising Mortgage Rates May Deflate Home Sale Contracts
(DBN)

Interest rates up across all types of mortgages: Freddie Mac
(DBN)

One mortgage servicer, 250 different foreclosure affidavit forms
(DBN)

Clerical error causes foreclosure attempt
(DBN)

Man charged with stealing items from his own foreclosed
(DBN)

Chicago family refuses to leave home after foreclosure
(DBN)

Developer in NJ case admits money laundering
(DBN)

Thornburg's Cielo Apartments in foreclosure
(DBN)

Boynton Beach office complex hit with $5.2M foreclosure
(DBN)

Bankruptcy judge delays decision on giving Statler suitors more time
(DBN)

Regulators set final guidance on appraisals
(DBN)

Goldman mulling sale of Litton Loan Servicing unit
(DBN)

Ackman Says He Projected Profits of $2 Billion from StuyTown Investment
(DBN)

Lawmaker calls for end to Obama mortgage aid program
(DBN)

Saint Vincent Ch. 11 throws Rudin plans a curve
(DBN)

Commercial Real Estate: Where Is All the Distressed Property?
(DBN)

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Banking:

WaMu Judge Excludes Report at Final Bankruptcy Hearing
(DBN)

Wells Fargo's Secret Offer to Buy WaMu
(DBN)

Shareholders Open Attack on WaMu's Bankruptcy Plan
(DBN)

Basel 3 rules approved, banks still have years to comply
(DBN)

Bank Of America Sets Up Swat Team To Combat Wikileaks
(DBN)

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Hollywood:

MGM studio's bankruptcy plan wins judge's OK
(DBN)

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Marine:

Judge rejects shipyard company's bankruptcy filing
(DBN)

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Autos:

GM Estate Has Agreement With US, Creditors to Approve Liquidation Plan
(DBN)

GM Contributes $4 Bln Cash Into Pension Funds
(DBN)

Iacocca Upbeat About Chrysler, Ford's Future
(DBN)

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Consultants:

Donlin Recano Retained as Claims and Noticing Agent in MGM
(DBN)

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Fraud:

Madoff Trustee Sues JPMorgan Chase, Seeks $6B for Alleged Blind Eye to Massive Swindle
(DBN)

JPMorgan and Madoff: tighter than you thought?
(DBN)

JPMorgan Suspected Madoff Months Prior To Arrest, Kept Doing Business With Him
(DBN)

Trustee in Madoff Case Files $3.14 Billion Sealed Suit
(DBN)

Suits gone wild
(DBN)

Class Sues Fiserv in Giant Ponzi Caper
(DBN)

'Enlightened Wealth' Called a RICO Scam
(DBN)

US Fidelis Founder's wife wants to keep expensive cars
(DBN)

Hedge Funds' Holdings Spiked Near Deal Time
(DBN)

Courts Weigh In on In Pari Delicto 3d Circuit Says Defense Cannot Be ‘Woodenly Applied’
(DBN)

What Turnaround Consultants Should Do When They Encounter Fraud
(DBN)

Kozlowski ordered to forfeit pay
(DBN)

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New Bankruptcy Opinions
(1 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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Bankruptcy Reform:

Wall Street Should Have A GM Bankruptcy Option
(DBN)

One Way that Dodd-Frank’s Liquidation Authority Could Achieve Parity with the Bankruptcy Code
(DBN)

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Miscellaneous:

Loehmann's, Madoff, MGM, Abitibi, Trico, Schutt: Bankruptcy
(DBN)

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Sales:

Can second lien lenders be heard in connection with a 363 sale?
(DBN)

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Municipalities:

Vallejo: Bankruptcy Blueprint
(DBN)

Nervous US muni market eyes Vallejo
(DBN)

How muni bond bust could do big damage
(DBN)

Nation's '2nd Most Dangerous City' To Lay Off Nearly Half Of Police Force
(DBN)

Hamtramck, Mich. eyes state loan, seeks bankruptcy
(DBN)

Government Money Woes Hit the Museums
(DBN)

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Retailing:

Loehmann's Files Chapter 11 Plan, Must Seek Asset Sale
(DBN)

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Gambling:

Bankrupt NYC Off-Track Betting to Close Before Senate Votes on Rescue
(DBN)

NYC Off-Track Betting holds emergency meeting
(DBN)

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Book Reviews:

'Devils' recounts meltdown in understandable language
(DBN)

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Corporate Reform:

Warren Wants Simpler Credit-Card Language, Fewer Prohibitions
(DBN)

Consumer Bureau's Warren Girds for Congressional 'David and Goliath' Fight
(DBN)

Warren's Enforcers
(DBN)

Wall Street's New Sheriff
(DBN)

SEC to Mark Cuban: Keep Your Cash
(DBN)

Warren Fights New Consumer Agency's Critics By Touting Benefits
(DBN)

Traders Warn U.S. CFTC About Vague Bans on Practices
(DBN)

Banks seek voice in reform
(DBN)

What do prosecutors have up their sleeves in expert network probe?
(DBN)

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Accounting:

Senior SEC Lawyer Moves to Accounting Oversight Board
(DBN)

Some Clarification on the Bathroom Situation at E&Y
(DBN)

Resign and get a pay rise!
(DBN)

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Celebs:

Snipes ordered to Pa. prison for tax evasion
(DBN)

Ed McMahon's House Foreclosure Completed, 'Mystery' Buyer Revealed
(DBN)

Heidi Montag too poor for bodyguards
(DBN)

Suge Knight's Possessions Sold On A&E's "Storage Wars"
(DBN)

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Oil/Gas:

Oil Surges to Two Year High
(DBN)

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Health Care:

Retiree medical costs could be as much as $400,000, report says
(DBN)

Counting Down to the St. Vincent's Sale
(DBN)

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Telecoms:

Clearwire Seeks Breathing Room
(DBN)

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Resorts:

Solage Calistoga resort defaults on $47.2 million loan
(DBN)

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Small Business:

Questions Over Plan to Boost Lending
(DBN)

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UK:

One third of Britons expect finances to worsen
(DBN)

Winding Up Petitions - 2 December 2010
(DBN)

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EU:

Central Bank in Europe Will Keep Up Its Crisis Lending
(DBN)

Trichet Keeps Pressure on Governments as Bond Program Buys EU Time to Act
(DBN)

Europe's Leaders Are Learning They Can't All Steer The Lifeboat
(DBN)

Euro Zone Is Imperiled by North-South Divide
(DBN)

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Italy:

Tough times for Italy’s family businesses
(DBN)

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PIGS:

Joblessness climbs in Spain
(DBN)

Former Anglo Irish Bank CEO to testify in bankruptcy case
(DBN)

Ireland: Ex-CEO owes us money
(DBN)

Irish regulators were 'afraid to tell the truth'
(DBN)

Business failures in Republic of Ireland hit new high
(DBN)

S&P Warns It May Downgrade Greece in Three Months
(DBN)

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Australia:

Krispy Kreme in Australia Exits Bankruptcy Protection
(DBN)

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Canada:

Insolvencies in Alberta down 24% in third quarter
(DBN)

Bankruptcies rise in September, but down from 2009
(DBN)

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