December 7, 2010

The Daily Bankruptcy News

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Law:

Billing Rates Continue to Climb
(DBN)

Things Are Looking Up: Most Texas Managing Partners Expect Increased Profits for Fiscal Year 2010
(DBN)

Now That the Recession Is Officially Over, Who Cornered the Big Bankruptcy Work?
(DBN)

Bonus Watch: At Akin Gump, Timing is Everything
(DBN)

Fired Associate Sues Akin Gump, Alleging Bias and NALP Lie
(DBN)

After Lengthy Confab, Manatt Offers ‘Warm Wishes,’ with Disclaimer, on Holiday E-Card
(DBN)

Ex-Court of Appeals Judge Tapped as Arbitrator for Boies' Fee Dispute
(DBN)

The NYLJ 100
(DBN)

2010 Law Firm Billing Survey
(DBN)

Most Effective Florida Lawyers 2010
(DBN)

Corporate Counsel Name the Most 'Arrogant' Law Firms
(DBN)

"Poor advice, poor service, expensive" – clients aren't getting any happier with their law firms
(DBN)

Partners' tenure and comp structure are clearly in play.
(DBN)

Legal Jobs Decline For Second Straight Month
(DBN)

Weil Attorney Jacqueline Marcus Named "Dealmaker Of The Week
(DBN)

Debating the Legality of the Bailout
(DBN)

A Very Good Year for Quinn Emanuel's London Office
(DBN)

Patton Boggs Explains Role in Explosive Chevron Case
(DBN)

Asbestos attorneys appealing fraud ruling
(DBN)

"Asbestos defendant seeks $1M in legal fees in fraud case"
(DBN)

Linklaters Reveals 14 Percent Drop in Asia Revenues - The highest-paid lawyer at the firm took home only £2.2 million compared with £2.5 million in 2008-2009
(DBN)

Linklaters' staff costs fell 16 per cent in 2008-09
(DBN)

‘Knee-Jerk Reaction’ to Profs New Co. Underscores Fear of Change in Legal Marketplace
(DBN)

E-Filing Holds Promise and Peril for Appellate Attorneys
(DBN)

Measuring the Mommy Penalty
(DBN)

Women Who Inspired a Proud 'Alpha Girl' Attorney
(DBN)

A Small Firm Renaissance?
(DBN)

Why Many Midsize Law Firms Are Prospering During the Recession (Podcast)
(DBN)

Wanna Be a Deal Lawyer? You Must Read This First
(DBN)

In-House: Overseeing International Litigation
(DBN)

Baseball Commissioner Takes Law Professor Job
(DBN)

Assange Lawyer Says He's Being Watched, Threatens 'Thermonuclear Device'
(DBN)

Hey Lawyer! New iPad? Get These Apps First (Part 2)
(DBN)

Deep in the Heart of Texas, Death Penalty Goes on Trial
(DBN)

Ex-BigLaw Partner Who Scammed His Firm, Insurer on Autistic Son Has Financial Records Released
(DBN)

7th Circuit Says Plaintiffs Lawyer ‘May Wish to Moderate His Fury’
(DBN)

Prospective Law Student Must Choose Between LSAT and Dead Grandma
(DBN)

Lawsuit of Day: Woman Breaks Hand
(DBN)

Court Reinstates Employee's Claims of Alleged Waterboarding, Mustache-Drawing
(DBN)

Law student's toss for tuition
(DBN)

Getting Clients Ready for Court - Guilty of Violating Dress Code, in Any Case
(DBN)

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Judges:

Senate to Vote Soon on Whether to Impeach La. Federal Judge Porteous, Strip Him of Pension
(DBN)

Report Says Ex-Maricopa Co. Attorney and Aide Should Be Disbarred, Alleges Conspiracy Against Judge
(DBN)

Judges' Guide to Cost-Effective E-Discovery
(DBN)

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Wall Street:

Ridiculous Overnight Rally Continues, As Futures Spike Up Yet Again
(DBN)

U.S. Tax Deal Lifts Global Stocks
(DBN)

Europe Stocks Rally on Optimism About Debt Crisis
(DBN)

U.S. Stocks Drop as Bernanke Says More Easing Possible
(DBN)

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Layoffs:

Hiring Intentions at US Employers Improving, Manpower Says
(DBN)

Obama Says Jobless Benefits a Priority
(DBN)

Jobless Rate Up for Those with Education
(DBN)

US Natural Rate of Unemployment May Rise
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

The Challenges for Secured Creditors in Insurance Insolvency: When Having a Secured Claim May Not Guarantee Payment
(DBN)

Bankruptcy and Its Liability Implications for Directors & Officers
(DBN)

______________

UCC:

Consideration of a TRAC Clause Under the UCC and Economic Realities Required To Determine if Equipment Leases are True Leases or Disguised Financing
(DBN)

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Autos:

Chrysler May Pay Back US, Canada Loans Early, Marchionne Says
(DBN)

Chrysler Financial Bidding Begins
(DBN)

Senator: Why Fed Aid for Foreign Automakers?
(DBN)

______________

Hollywood:

Icahn Says Lions Gate Needs Changes Before MGM Deal
(DBN)

______________

Celebs:

Judge rejects Wesley Snipes's last-ditch plea to postpone prison surrender
(DBN)

Real Housewife Alexis Bellino's Short Sale Situation
(DBN)

______________

Baseball:

Cuban Gives Up on Payment From Texas Rangers
(DBN)

Bankruptcy Attorneys Await Payday in Texas Rangers Bankruptcy Case
(DBN)

______________

Hockey:

Latest Coyotes Suitor Seeks NHL Approval
(DBN)

Hulsizer's Bid for NHL's Coyotes Gains Committee Approval
(DBN)

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Basketball:

Debt Escalating, Hornets Are Purchased by NBA
(DBN)

______________

Utilities:

Bankruptcy Judge Denies Bid To Halt Boston Generating Sale
(DBN)

______________

Lehman:

Lehman allegations of Barclays 'windfall' now up to judge
(DBN)

BofA ordered to pay $90 million in interest to Lehman
(DBN)

Lehman seeks to unwind elevations of loan participations
(DBN)

______________

Hotels:

Hotel Indigo owners file for Chapter 11 reorganization
(DBN)

______________

Economy:

'Post-recession' unemployment worst since WWII
(DBN)

Lacker Says Fed Policy Risky, Should Be Reviewed
(DBN)

White House Floats Payroll-Tax Holiday
(DBN)

Obama, GOP reach deal on taxes
(DBN)

Tax Deal Suggests New Path for Obama
(DBN)

The Real Numbers Behind That Tax Deal That's Way Smaller Than Advertised
(DBN)

Everybody hates the Fed
(DBN)

Still No Strength in this Rebound
(DBN)

Slowest Price Increases Since 1981
(DBN)

CU economists expect slow, steady growth in 2011
(DBN)

Despite Obama pay freeze, federal workers to receive $2.5 billion in raises
(DBN)

Gold Futures Rise to Record Closing Price on `Currency Debasement' Concern
(DBN)

Sanders Has Questions for Bernanke on Emergency Lending
(DBN)

US Treasury offloads Citi stock for $12 billion
(DBN)

Tim And Ben's Excellent Adventure :)
(DBN)

Woman Power: The Rise of the Sheconomy
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Dr. Doom Predicts Another $1 Trillion in Housing Losses
(DBN)

Legal woes mount for a foreclosure kingpin
(DBN)

Circuit Judge reverses foreclosure-related orders against Ice firm
(DBN)

Oops. Bank Sells 1 Foreclosed House to 2 Different Buyers; Law Firm Blamed for Mistake
(DBN)

Widespread 'robo-signer' errors spur lawsuit seeking class status
(DBN)

BofA, the MBS unwind, and the other side of the coin
(DBN)

Gasparino: Bank Of America Is Worried Next WikiLeaks Dump Will Contain Evidence Of Fraudulent Countrywide Loans
(DBN)

Some lenders try to sell foreclosed homes without holding titles
(DBN)

Family nearly homeless after mistaken eviction notice
(DBN)

Thrifts continue to profit on declining mortgage portfolios
(DBN)

Lender Processing Falls On Report About Mortgage Practices
(DBN)

Chicago Fed sees housing sector improvement in 2011
(DBN)

C-Bass Bankruptcy Judge Approves Auction to Seek Bids Topping FIG Offer
(DBN)

Can't Sell Your House? Knock It Down
(DBN)

Fannie Mae to suspend foreclosure evictions for the holidays
(DBN)

HUD program keeps 750,000 Americans from homelessness
(DBN)

Housing Market Outlook for 2011: Unsettled, Underwater and Unsold
(DBN)

Judge clears way for HSB foreclosures
(DBN)

Welcome to Zombieland: Ladera Ranch, California
(DBN)

_____________

Fraud:

Madoff Suits Show Banks Open to Liability
(DBN)

______________

Credit Cards:

Minnesota Sues Discover Card for Deception
(DBN)

______________

Municipalities:

Schwarzenegger Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts
(DBN)

Here Is Schwarzenegger's Emergency Budget Cutting Plan That Democrats Will Ignore
(DBN)

California Recovery Still Far Off
(DBN)

Crisis in the States
(DBN)

______________

Sales:

Credit Bidding Cannot Be Prohibited - The Recent Decision in River Road Hotel Partners
(DBN)

______________

Personal Finance:

Spousal Chatter and Bankruptcy Fear
(DBN)

High School Graduates Losing Faith in Marriage
(DBN)

______________

Aviation:

Al Qaeda to 'surgically implant bombs' into jihadists
(DBN)

______________

Resorts:

Tamarack battles to stay out of liquidation
(DBN)

Judge OKs using equipment for Tamarack ski season
(DBN)

______________

Litigation:

Class action suit commenced against former directors, officers, and investment bank of Protective Products of America
(DBN)

Pondering E-Discovery Without Those Pesky Humans
(DBN)

Delaware Bankruptcy Court Sheds Light on the Common Interest Doctrine Preventing the Waiver of Privileged Communications
(DBN)

Bankruptcy Court (Mostly) Dismisses Complaint Against Pre-petition Lenders Based On Alleged Inequitable Conduct
(DBN)

______________

Corporate Reform:

Why Is Elizabeth Warren Talking to Banks?
(DBN)

Elizabeth Warren reaches out to state attorneys general
(DBN)

US Task Force Announces Results Of Investment Fraud Probes
(DBN)

Hogan Lovells Establishes Corporate Whistleblower Task Force
(DBN)

What If Your Company Has a WikiLeaks Problem?
(DBN)

WikiLeaks Founder Meets Police In Britain
(DBN)

______________

Health Care:

U.S. Health Care Costs Since 1980
(DBN)

Executing a Successful Hospital Turnaround
(DBN)

______________

Non-Profits:

Rainbows United auctioning off thousands of items
(DBN)

______________

Symphonies:

Musicians say orchestra shouldn't get bankruptcy protection
(DBN)

Louisville Orchestra Not Alone In Chapter 11 Filing
(DBN)

A sad bankruptcy
(DBN)

______________

Gambling:

Senate returns to Albany, fate of NYC OTB could be decided
(DBN)

Gamblers Spending Less Time, Money in AC Casinos
(DBN)

______________

Corporate Governance:

J. Crew Board Lacked Details Ahead of Bid
(DBN)

Creditors of Insolvent Subsidiaries May Bring Derivative Actions Against Parent Company's Officers and Directors for Breach of Fiduciary Duties
(DBN)

______________

Sovereigns:

Citi: 2011 May Be The Year That Sovereign Debt Slams The US, UK, And Japan
(DBN)

______________

Accounting:

KPMG Partner Who Missed $1.9 Billion Error Having No Problem Blaming Others
(DBN)

______________

Rail:

Rail Activity Has Fallen For Three Of The Past Four Months
(DBN)

______________

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)

______________

Miscellaneous:

Lehman, Vertis, Fiddler's, Workflow, American Media: Bankruptcy
(DBN)

Lehman, DBSD, Madoff, Rangers, Tribune: Bankruptcy
(DBN)

WaMu, Madoff, Point Blank, Abitibi, GM: Bankruptcy
(DBN)

Attorney tells bankruptcy court: debtor supported 3 households
(DBN)

Businessman Who Bugged His Wife's Phone Declares Bankruptcy To Avoid Paying Damages
(DBN)

______________

Plans:

Post-Confirmation Cramdown Interest Rate: 'Market Formula' Applies to Oversecured Loan in this Developing Area
(DBN)

A Proposed Plan's Voting Stock Allocation Causes an Incurable Change-of-Control Breach and Impermissible Reinstatement of Secured Debt
(DBN)

______________

Telecoms:

Sprint Wins Partial Reversal of DBSD's Bankruptcy Reorganization Approval
(DBN)

Bankruptcy Objections, the Final Frontier
(DBN)

______________

Newspapers:

Noteholders Not Backing Down in Opposing Trib Plan
(DBN)

Tribune Judge Prods Rival Bankruptcy Plans Toward Vote
(DBN)

Tribune's "four-ring circus" to go to creditor vote
(DBN)

Tribune lenders targeting Zell
(DBN)

National Enquirer Owner Wins Right to Use $65.5 Million Cash in Bankruptcy
(DBN)

______________

Theme Parks:

San Diego amusement park operator files for Chapter 11
(DBN)

______________

Museums:

Bond deal puts museum on brink
(DBN)

______________

Banking:

How Glass-Steagall Could Make A Backdoor Comeback
(DBN)

Bank of America Promises to Meet Bailout Requirement, But Challenges Remain
(DBN)

The Worst Of The Banking Crisis Is Over
(DBN)

At Least One Swiss Bank Has Started Refusing To Hand Over Physical Gold To Clients
(DBN)

______________

Fraud:

Madoff Trustee Gets Up To $500 million from Union Bancaire Privee
(DBN)

HSBC 'took kickbacks to keep Madoff in business'
(DBN)

HSBC had ‘Madoff warnings in 2001’
(DBN)

HSBC Says Madoff Trustee Claims Against Bank Unfounded
(DBN)

HSBC is target of myriad US inquiries
(DBN)

One big fraud, several lawsuits: Bernard Madoff timeline
(DBN)

Another blow for Madoff victims
(DBN)

Is Hadassah cutting a deal with Picard to avoid a claw-back lawsuit?
(DBN)

Will Madoff's Investors Break Even?
(DBN)

Alan Fabian seeks to not repay debts
(DBN)

This Week In Ponzi Schemes
(DBN)

U.S. Touts Hundreds of Charges in Investment Scams
(DBN)

Pulling Back the Curtain on Fraud Inquiries
(DBN)

Financial fraud crackdown lands in Miami
(DBN)

The Essential Lessons of the "Faithless Servant"
(DBN)

Holder: Feds Crack Down on Financial Fraud
(DBN)

The Real Bad Guys
(DBN)

Man gets 40 years in Ponzi scheme that defrauded Elway
(DBN)

Trustee accuses Fairvue developer of fraud
(DBN)

Hecker admits to auction fraud
(DBN)

SEC: Fraud Cases Increasing
(DBN)

Church financier to be sentenced in Ponzi
(DBN)

______________

Derivatives:

Credit Default Swaps and the "Empty Creditor" Theory
(DBN)

______________

Avoidance Actions:

In a Case of First Impression, the Circuit Court Determines That a Trustee of a Securitized Investment Pool is a 'Transferee' in a Preference Action
(DBN)

Compensation Distributions Triggered by Events Outside the Debtor's Control are Property of the Estate and Subject to Avoidance
(DBN)

Trustee's Use of Strong-Arm Powers Limited Where State UCC Gives Priority to the Lender That Perfects its Lien Post-Petition
(DBN)

Funds 'Earmarked' for Bondholders Not Property of the Estate and Not Subject to Avoidance
(DBN)

'Ordinary Course of Business' Enables Supplier To Keep Payments in a Preference Action
(DBN)

Omission of Plat in a Mortgage Renders Its Recording a Nullity, Provides No Notice to the Trustee and Subjects the Mortgage to Avoidance
(DBN)

______________

Cross-Border:

Canadian Court Approves Sale of U.S. Real Estate Owned by Delaware Partnership
(DBN)

______________

UK:

Factory Production in UK Grows More Than Forecast as Recovery Maintained
(DBN)

______________

EU:

Euro’s Worst Ahead as Analysts See Crisis Spreading
(DBN)

Germany Reluctant to Expand Bailout Fund
(DBN)

Wellink: not ECB's job to save insolvent countries
(DBN)

Eyes on markets as EU makes no new move on debt crisis
(DBN)

______________

Canada:

The lonely battle of Peter White
(DBN)

______________

PIGS:

Debt-Hit Ireland Faces Toughest Budget in History
(DBN)

A Guide to Ireland's Political Parties
(DBN)

Ireland Financial Crisis Wounds Country's Psyche
(DBN)

______________

Argentina:

Argentina Offers Debt Swap to Brady Bond Holders
(DBN)

______________

Tonga:

Kingdom of Tonga facing bankruptcy
(DBN)

______________

Vietnam:

Vinashin Exposure May Hurt Banks, World Bank Says
(DBN)

______________

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Copyright 2010