December 8, 2010

The Daily Bankruptcy News

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Law:

WaMu Judge Calls Legal Advice on JPMorgan Settlement Irrelevant
(DBN)

Drafting Fail: Court Rules Jamie McCourt Owns A Piece of the L.A. Dodgers
(DBN)

Ruling Could Lead to Sale of Dodgers
(DBN)

Bonus Watch: Dewey & LeBoeuf Matches (With footnotes)
(DBN)

Camerons sees revenue rise 5% at half-year stage of financial year
(DBN)

Holiday Party Liability Prevention Checklist
(DBN)

Discrimination Lawsuit Potpourri: Reed Smith and Akin Gump
(DBN)

Partner Claims Gender Bias in Dewey's Compensation System
(DBN)

Reed Smith Partner Alleges Gender Bias at Firm
(DBN)

Mmmmm, this discrimination suit against Reed Smith is by a partner
(DBN)

Trading Sex for Good Assignments
(DBN)

S&C Names New Partners, Kids Visit With Cohen
(DBN)

Goldman Sachs Poaches Attorney From Andrew Cuomo
(DBN)

Cleary Advises Citigroup on Sale of Last Treasury Stake
(DBN)

Tribune Co. creditors sue law firm Katten Muchin, others, seeking to reclaim funds
(DBN)

Stress Is What Makes Lawyers Act Like Lawyers
(DBN)

Paralegal Job Can Make Career Sense, But Document Review is Dubious, Experts Advise
(DBN)

Suit Claims Reed Smith Managers Doled Out Work Based on Sexual Liaisons
(DBN)

Congress Votes to Exempt Lawyers from ‘Red Flags Rule’
(DBN)

Top Partners to Work for – Washington, D.C. (Part 1)
(DBN)

Skadden Lawyers Keep Their Jobs in Office Closing, But Staff . . .
(DBN)

Skadden Takes Its Heart from San Francisco — and Closes Its S.F. Office
(DBN)

Drinker Biddle continues expansion in Los Angeles
(DBN)

Lawyer's Holiday Party Features Sting in Concert, Carnival Rides and 5,600 Guests
(DBN)

Madoff, E-Cigarettes, RBS, Commerzbank, Janus in Court News
(DBN)

Judge rejects separate trials for bankruptcy lawyer, office manager in theft case
(DBN)

`Twilight Zone' Foreclosure Law Firm Draws Fine, Suits in New York Courts
(DBN)

Law Firm Launches App for iPads and iPhones
(DBN)

Class OK'd to Proceed Against Reed Elsevier in e-filing Litigation
(DBN)

An M&A Junkie Kicks His All-Consuming Habit
(DBN)

Feds Say General Counsel Targeted in Sex-Related Extortion Plot
(DBN)

Woman gets 50-year sentence for stealing money from firm's bankruptcy clients
(DBN)

SEC Says Law Firm Tech Manager Used Merger Info from 20 Clients for Insider Trading Scheme
(DBN)

ABA Delays Decision on Whether to Accredit Foreign Law Schools
(DBN)

Jailhouse Sex Merits Disbarment
(DBN)

Attorney Gets 10 to 20 Years in $300K ‘Adoption Ponzi Scheme’
(DBN)

Lawyer Secretly Taped Lawmaker’s Advice to Keep Quiet, Leading to Guilty Plea
(DBN)

Man goes from Smith to Awesome
(DBN)

Woman jailed for biting off husband's tongue while singing Christmas carols
(DBN)

Another New Law School Is Proposed: U of Del. Wants to Open State’s First Public Option
(DBN)

Law schools' annual meeting site draws protests — again
(DBN)

Dialer One (Android) - Lawyer Time Saver
(DBN)

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Judges:

Breyer: Would Court-Eating Dog Excuse Late Deadline?
(DBN)

Judge Thomas Porteous impeachment question goes before Senate
(DBN)

Half-empty Senate asked not to remove judge
(DBN)

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Wall Street:

Stock Index Futures Mixed
(DBN)

Ireland Fears Undermine Stock Bounce
(DBN)

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Layoffs:

Job openings rose in October
(DBN)

52 Major Markets Post Job Gains
(DBN)

City Unemployment: Slow Progress
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

Pfizer's D&O Insurers Fund Unusual $75 Million Derivative Settlement
(DBN)

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Gambling:

NYRA says it faces bankruptcy if statewide OTB plan passes
(DBN)

More than 50 city OTB parlors to close as state Senate shoots down rescue plan
(DBN)

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Hotel:

Nashville Hotel files for Chapter 11
(DBN)

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Municipalities:

States Face Budget Gaps in Billions
(DBN)

Secret GOP plan: Push states to declare bankruptcy and smash unions
(DBN)

Bankruptcy still an option, new Jefferson County commissioners say
(DBN)

L.A. judge rejects putting court-appointed monitor in charge of Bell
(DBN)

The Next Black Swan: Congress Unthinkably Moves To Cancel Build America Bonds
(DBN)

Bank of America Deal in Muni Case May Be ‘Tip of the Iceberg’
(DBN)

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Symphonies:

Orchestra supporters sound off on bankruptcy filing
(DBN)

______________

Health Care:

Galion Community Hospital bids on Bucyrus hospital
(DBN)

Deal Reached to Avoid Cut in Doctors' Medicare Pay
(DBN)

______________

Economy:

Obama and Biden Making the Case for Tax Deal
(DBN)

Obama says tax deal will mean more money for everyone
(DBN)

Tax Package Will Aid Nearly All, Especially Highest Earners
(DBN)

For Obama, Tax Deal Is a Back-Door Stimulus Plan
(DBN)

Just How Stimulating Is the New Tax Cut-Jobless Benefit Deal?
(DBN)

Economists React: Pros, Cons of Tax Deal
(DBN)

House Democrats Unveil Massive Budget Bill
(DBN)

Half of Americans Say Housing Recovery at Least Two Years Away
(DBN)

Tax-Cut Extension May Bolster Economy, Limit Need for Fed to Go Beyond QE2
(DBN)

Bernanke: 60 Minutes, 2 Big Lies
(DBN)

Why The Payroll Tax Holiday Is A Game Changer, And Could Push GDP To 4.1%
(DBN)

Middle Class Falls Short on Retirement Funds
(DBN)

U.S. Fiscal Health Worse Than Europe's: China Adviser
(DBN)

US Consumers Return to Their Frivolous Ways
(DBN)

Food Stamp Rolls Continue to Rise
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

30-year mortgage rates hit five-month high
(DBN)

Fannie, Freddie Pressed on Mortgages
(DBN)

Loss Mitigation Programs in Bankruptcy Court
(DBN)

Housing Inventory Drops in November
(DBN)

Walking Away from Your Home for Dummies
(DBN)

Major Foreclosure Contractor Underplayed the Extent of Document Flaws
(DBN)

Foreclosures to Hit Three Million
(DBN)

Judge tells Fannie Mae to back off foreclosure
(DBN)

'Special Servicers' Getting Creative
(DBN)

A Foreclosure Fiasco: The Case of Tandala Mims v. Wells Fargo
(DBN)

What a Drag: Mortgage - Refi 'Cash-Ins'
(DBN)

American homebuyers suffer from a crisis of faith: survey
(DBN)

At least 3 more years of housing troubles seen
(DBN)

End of foreclosure moratorium won't mean flood of closings
(DBN)

Rancho Cordova firm accused as 'scam' in lawsuit files bankruptcy
(DBN)

Commercial Real Estate Prices Dive Sharply In October After Several Months Of Gains
(DBN)

How much liability will Bank of America face due to putbacks?
(DBN)

_____________

Fraud:

Rothstein bank hit with $60 million clawback suit
(DBN)

Stanford too medicated to prepare for trial - lawyer
(DBN)

Bank of America to Pay $137 Million in Muni Cases
(DBN)

Madoff friend agrees to $625 million forfeiture
(DBN)

Madoff Trustee Lifts UBS Claims to $2.5 Billion
(DBN)

Madoff Trustee, SIPC Announces $550 Million Recovery Agreement With Carl Shapiro, others
(DBN)

Madoff Victims Sue Mets' Parent Company
(DBN)

Mets assert Madoff suit won't hinder operation of team
(DBN)

Madoff returns to haunt HSBC
(DBN)

Hecker Admits to Secretly Buying Back Bikes
(DBN)

Fiancee itemizes $24000 in transfers from Hecker
(DBN)

Victims of Mueller's Ponzi scheme tell judge of anger, financial devastation
(DBN)

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Litigation:

'Orbit One' Ruling Furthers Discussion on Sanctions
(DBN)

E-Discovery Sanctions at an All Time High
(DBN)

______________

Newspapers:

Suing Sam Zell – Tribune Bankruptcy Gets Personal
(DBN)

Did Randy Michaels delete material from his Tribune company laptop?
(DBN)

Tribune Creditors Sue Former Publisher of Newsday Over Payments
(DBN)

______________

Celebs:

Bankruptcy Lawyers Limit Expenses of Michael Vick
(DBN)

Michael Vick Imprisoned by Debt as He Returns to NFL Glory
(DBN)

Loan Modification Fail for 'Real OC Housewife' Alexis Bellino
(DBN)

Court win for Elle Macpherson in dispute with insolvent bank
(DBN)

______________

Golf:

Putter maker Yes! Golf files for bankruptcy
(DBN)

______________

Skiing:

Tamarack opens despite bankruptcy
(DBN)

______________

Hockey:

NHL Optimistic, Although Some Franchises Are Troubled
(DBN)

______________

Baseball:

Dodgers May Need to Be Sold After Divorce Ruling, Lawyer Says
(DBN)

______________

Aviation:

Viking Airlines granted bankruptcy protection
(DBN)

______________

Celebs:

Antoine Walker signs with Idaho in D League
(DBN)

______________

Retailing:

Formosa Star Guides Oriental Trading to Bill for Costumes
(DBN)

______________

Religion:

Crystal Cathedral gave insiders $832000 for housing
(DBN)

______________

Bankruptcy Crimes:

Memphis woman pleads guilty to bankruptcy fraud
(DBN)

______________

Oil/Gas:

Rigs in Gulf Ready to Drill, but There’s Little Work
(DBN)

______________

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)

______________

Bankruptcy Statistics:

Bankruptcies through November already match 2009
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Trico, Vitro, Point Blank, Madoff, Schutt, Banning: Bankruptcy
(DBN)

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

______________

Obits:

Elizabeth Edwards loses battle with cancer
(DBN)

______________

Autos:

GM Estate Wins Court Approval of Liquidation Terms
(DBN)

TD Bank Said to Plan Offer for Chrysler Financial
(DBN)

Subprime Auto Loans are Back
(DBN)

Auto workers left on sidelines as sector rebounds
(DBN)

______________

Banking:

WaMu ends hearings on $10 billion deal to end bankruptcy
(DBN)

______________

Corporate Reform:

Companies Begin Distancing Themselves After WikiLeaks Founder's Arrest
(DBN)

New Faces, Ties in Trading Probe
(DBN)

E.U. Proposes Jail Time for Insider Trading
(DBN)

Cuomo Pension Inquiry on Financier Grows Nasty
(DBN)

Now Hackers Have Taken Down Mastercard.com As Revenge For Julian Assange
(DBN)

House's Bachus Wins Key Support in Battle to Become Wall Street Overseer
(DBN)

‘Business Death Penalty’ Immigrant Case Unites Obama, Companies
(DBN)

______________

Accounting:

Contingency needed against Big Four collapse
(DBN)

Half of accountants admit having a fling at work
(DBN)

______________

Cattle:

Ind. cattle firm may face involuntary bankruptcy
(DBN)

______________

Lehman:

Lehman Retirement Plan Sues Fuld Over Repo 105
(DBN)

______________

Tax:

Close Relative of UBS Client Is Indicted in Tax Case
(DBN)

IRS May Find Decision Interpreting the U.S. Anti-Injunction Act in a Chapter 15 Case Taxing
(DBN)

______________

Consumer Finance:

Credit-Card Borrowing Dips, but Student Loans Jump
(DBN)

______________

EU:

EU plans new bank stress tests from February
(DBN)

Euro collapse 'possible' amid deepening divisions over bail-out
(DBN)

Banks in Europe Fail Market Tests for Stress With No Authority
(DBN)

Should a country always stand behind its banks?
(DBN)

Central Bank and Financiers Fight Over Fate of the Euro
(DBN)

______________

Canada:

2 companies, individual owed money by Ind. cattle firm seek involuntary bankruptcy declaration
(DBN)

______________

PIGS:

Irish lawmakers offer initial OK for brutal budget
(DBN)

Debt-hit Irish raise taxes, cut spending, minimum wage, welfare payments
(DBN)

Ireland Austerity Will Spare No One
(DBN)

Drumm questioned under oath
(DBN)

Banker details his bankruptcy
(DBN)

Former Anglo Irish CEO faces tough questions
(DBN)

Lawyer searches Drumm's sofa for every last cent
(DBN)

Ireland's Capital is Low on Water, Salt...and Money?
(DBN)

At Bank of Ireland, Santa Comes Early
(DBN)

Ireland should leave the euro
(DBN)

______________

Iceland:

Iceland Breaks Out of Recession
(DBN)

______________

Mexico:

Vitro Bondholders Reject Offer, Seek Bankruptcy
(DBN)

______________

Vietnam:

Vinashin must pay its own debts - Vietnamese minister
(DBN)

______________

Japan:

Japanese Corporate Bankruptcies Fall In November
(DBN)

______________

India:

Court crackdown on bankrupt brigade
(DBN)

______________

Middle East:

Cross-Border Bankruptcy With a Bahraini Flavor
(DBN)

______________

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