November 11, 2010

The Daily Bankruptcy News

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Law:

Harrisburg Hires Cravath Pro Bono For Bankruptcy Advice
(DBN)

Who Makes How Much: DC Lawyers
(DBN)

Resigning? Ready Yourself for a Quick and Unceremonious Exit
(DBN)

252 BigLaw Jobs in Atlanta Gone With the Wind
(DBN)

Half-year financial results show UK leaders edging back to growth mode
(DBN)

DLA Piper revenues up by 8.5% at halfway mark in UK and international
(DBN)

Am Law 101-200 Firms Out-Blog Their BigLaw Counterparts
(DBN)

SJ Berwin partners press for resolution to Proskauer merger bid
(DBN)

Squire Sanders Hammonds to kick off post-merger review of partner pay
(DBN)

Mayer Brown Locked in Age Discrimination Suit With Former Employee
(DBN)

Mayer Brown Seeks Ex-Paralegal’s Employment File at Other Jobs to Defend Hard-Fought Age Case
(DBN)

What's Behind the Myth of the Cranky Woman Lawyer?
(DBN)

Three Firms Help Bimbo
(DBN)

Attention Partners: Top Five Reasons Associates Hate You
(DBN)

Billion Dollar NY Firm Calls in Consultants to Review International Strategy
(DBN)

McKool Smith Named One of Dallas' Top Workplaces
(DBN)

Suits Over Foreclosure 'Robo-Signing' Pile Up
(DBN)

Morgan Stanley, BNP, HP, Goldman, KWL in Court News
(DBN)

Detroit Seeks Return of $10 Million in Fees
(DBN)

Lawyer tactics skewered as 'close to settlement extortion'
(DBN)

Technology is not your friend – your client is.
(DBN)

Work/Life Balance "Discussion" Continues
(DBN)

ABA President Asks Obama to Push India to Allow Foreign Legal Offices
(DBN)

Trustee appointed in lawyer Pavilack bankruptcy case
(DBN)

Judge Rebukes Federal Prosecutors in Backdating Case
(DBN)

US Attorney General Reports for Jury Duty
(DBN)

Onetime Top In-House Lawyer Faces Charges Over Drugs Allegedly Found in Under-Desk Safe
(DBN)

FuneralHomes.Com Digs Down Deep For Personal Injury Lawyers
(DBN)

Top Canadian Firms McMillan and Lang Michener to Merge
(DBN)

DA Faces 5 Misdemeanors re Alleged Misuse of Office to Get ‘Sexual Gratification’ & Claimed Cover-Up
(DBN)

50 Reasons to Be Pretty Damn Euphoric You Live in New York City
(DBN)

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Judges:

Bush in ‘Decision Points’: How Roberts, Alito Landed on the Court
(DBN)

Calif. Judge Accused of Treating Court Call as Audition for Job as TV Jurist Agrees to Resign
(DBN)

Barbara Caulfield, Former Judge and Partner at Several Firms, Dies
(DBN)

Judge Steps Down Amid Disclosures of Legal and Financial Indiscretions
(DBN)

Why the Removal of Iowa Judges Hurts Judicial Independence
(DBN)

Coal Battle With Massey to Continue in Virginia
(DBN)

Taxpayers not liable for Keller's legal fees, court says
(DBN)

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Wall Street:

Stock index futures slip as earnings eyed
(DBN)

Morgan Stanley says equities are "crazy cheap"
(DBN)

Return of the Vampire Squid
(DBN)

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Layoffs:

Jobless Claims Fall to Four Month Low
(DBN)

High Unemployment Not Structural Problem
(DBN)

12 Industries Still Losing Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

Bond Insurers Post Losses After The Bell
(DBN)

Ambac, IRS Strike Deal
(DBN)

Ambac Financial Group Bankruptcy and Regulator's Rehabilitation Plan Prove Ambac Policyholders Are Not Being Protected, Says RMBS Policyholders Group
(DBN)

MBIA talks tough on putbacks, posts 3Q loss
(DBN)

Bank of America Sues Loan Insurer Over Claims Denial
(DBN)

Mortgage abuse story hammers Assurant
(DBN)

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Newspapers:

Tribune Co. bankruptcy judge approves $40 million in executive bonuses
(DBN)

No Bonus Checks For 5 Tribune Execs Being Sued Over Bankruptcy
(DBN)

Creditors pitch rival Tribune reorganization plans
(DBN)

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Municipalities:

Harrisburg Hires Bankruptcy Counsel, Gets Fiscal Advice
(DBN)

Municipal Woes Leave Bondholders Wary Of Wave Of Defaults
(DBN)

California City of Bell May Pay Off $22 Million to Bondholders
(DBN)

Texas to Lead Nation in Economic Growth
(DBN)

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Fraud:

Former Kmart Head to Settle SEC Case for $5.5M
(DBN)

Madoff feeder fund Harley ordered to pay $1.07 billion
(DBN)

Madoff Property on Auction Includes His Tiny Bull
(DBN)

Madoffs Meet Imelda as Belgian Loafers, Lauren Boots Are Sold
(DBN)

Vision Bank may have to pay back $400,000 from Hecker settlement
(DBN)

Hecker Girlfriend: Rowan faces eviction
(DBN)

FSA Adopts Mobile-Phone Taping Rules Over Protests From Banks
(DBN)

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Retailing:

General Growth Rises on First Day After Bankruptcy Exit; Plans Dividend
(DBN)

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Religion:

Jinwright church owes $4.9 million on loan in foreclosure
(DBN)

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Banking:

Negotiations With Banks Begin for Troubled Assets
(DBN)

Washington Mutual extends vote on bankruptcy plan
(DBN)

MBA tells regulators banks "stretched thin" with new rules
(DBN)

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Bankruptcy Crimes:

Amana couple convicted of bankruptcy fraud
(DBN)

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Food/Drink:

Landry's Lays Claim to Claim Jumper Restaurants
(DBN)

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Economy:

Jobless Claims Fall, Trade Gap Narrows
(DBN)

Obama Debt Panel Proposal Would Cut Social Security, Medicare
(DBN)

...Raise the Retirement Age...
(DBN)

...End Tax Deduction for Mortgage Interest...
(DBN)

Deficit Advisers Back $200 Billion in Cuts
(DBN)

Obama's debt commission plan: Dead on arrival
(DBN)

Texas gov calls Social Security bankrupt 'Ponzi scheme'
(DBN)

Government Begins Fiscal Year With 3rd Highest Deficit
(DBN)

QE2 Will Cost US Households $4.6 Trillion
(DBN)

China Could Surpass U.S. in 2012
(DBN)

More federal workers' pay tops $150,000
(DBN)

G-20 to Back Core of U.S. Bank Rules
(DBN)

G-20 Nears Pact but Tensions Still Fester
(DBN)

The Great Global Belt Tightening
(DBN)

Nobel Winner Gets Another Shot at Fed
(DBN)

Consumer debt won't return anytime soon
(DBN)

Bush Admits He Was "Blindsided" by Financial Crisis
(DBN)

Bush on Financial Meltdown: What, Me Worry?
(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:

Percentage of Underwater Borrowers Up
(DBN)

Home price depreciation to worsen market into 2011
(DBN)

One In Three Chicagoland Homes Are Underwater
(DBN)

Housing Downturn Reaching Great Depression-Era Declines
(DBN)

Delinquencies in CMBS rose to 8.39% in October
(DBN)

Mortgage Application Volume Rises Last Week
(DBN)

Home Seizures in U.S. Decline 9% as States Probe Foreclosures
(DBN)

Foreclosures down in New York as filings fall by 19% since October 2009
(DBN)

As Foreclosure Crisis Deepens, Another Servicer Scam Exposed
(DBN)

Some judges chastise banks over foreclosure paperwork
(DBN)

Judges Lowering Boom on Foreclosure Sloppiness, But at a Cost
(DBN)

Judges increasingly contest foreclosure attempts
(DBN)

Judge gives family back their foreclosed home in New York
(DBN)

Foreclosure lawyer defends having his clients mortgage homes to pay his fee
(DBN)

Thousands View YouTube Depos of Title Co. Workers Whose Output Supports Foreclosures
(DBN)

Inside a Florida Robo-Signing Document Assembly Line
(DBN)

PNC proceeds with new foreclosures, continues review of individual cases
(DBN)

Fannie Mae moves foreclosure cases out of Stern law firm
(DBN)

Courts Helping Banks Screw Over Homeowners
(DBN)

Mortgage Lenders Push for Exemption from Dodd-Frank
(DBN)

Makeovers on Hold as Consumer Caution Reinforces Bernanke View
(DBN)

Modern-day homesteading: Taking back foreclosed homes
(DBN)

Assurant Falls After Report on 'Abuses' in Coverage
(DBN)

Real-Estate Tycoon's Mansion Gets $9.1M Cash Offer
(DBN)

Loan officer, five others charged in connection with mortgage/bankruptcy fraud
(DBN)

Orleans Homebuilders seeks court OK for $155 million loan
(DBN)

Orleans Homebuilders Selects Casey To Be Chief Executive
(DBN)

Croce Speaks About His Statler Plans
(DBN)

Statler buyers eye deadline extension
(DBN)

Investment in Statler is bad business
(DBN)

Bank of America sues its insurance provider
(DBN)

Ties to Insurers Could Land Mortgage Servicers in More Trouble
(DBN)

Bank of America $900 Million Short of its Government Promise
(DBN)

Undeveloped Tollgate property sells for $9 million in bankruptcy
(DBN)

Toll Brothers buying up stalled developments
(DBN)

Situs puts troubled Med Center condos up for sale
(DBN)

Judge dismisses Gearhart's bankruptcy protection
(DBN)

Trustees Probably Won't be on Hook for a Put-Back Apocalypse
(DBN)

Foreclosure problems mean RMBS investors may wait to get paid
(DBN)

Securitization Trustees in the Crosshairs in Mortgage Mess
(DBN)

Iridian shifts strategy to capitalize on foreclosure problems
(DBN)

Obama - The Foreclosure Presidency
(DBN)

DC passes foreclosure bill
(DBN)

Goldman: Mortgage Losses Immaterial
(DBN)

Home builder Kurlemann convicted of fraud
(DBN)

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Autos:

GM Posts $2 Billion Quarter Profit, IPO Next
(DBN)

Auto bailout another success for Obama administration
(DBN)

Wagoner has a part in GM's turnaround
(DBN)

GM, Chrysler bankruptcies created troubling legacy, legal scholars say
(DBN)

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Accounting:

PwC Email Ranking Hotness of Female Associates Goes Viral; Firm Investigating
(DBN)

An ‘Appropriate Email Use’ Refresher May Be Needed for All Big 4 Firms in Ireland
(DBN)

Higher-ups at Deloitte Aren't Sure Why Employees Are Still in ‘Shock Mode’ From the Last Few Years
(DBN)

Is Citi Getting Bad Advice from KPMG?
(DBN)

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Derivatives:

Ambac Bankruptcy Triggered Credit Swaps, ISDA Committee Decides
(DBN)

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Hotels:

Innkeepers Control of Bankruptcy Extended to Jan. 31
(DBN)

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Ratings Agencies:

Companies Exiting Bankruptcy Set for B Rankings, Moody's Says
(DBN)

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Retailing:

Sears to be open on Thanksgiving for first time in 124-year history
(DBN)

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Fashion:

US company to buy distressed Ferre fashion house
(DBN)

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Hotels:

JLL Markets Bank Notes for Omni Center and Hilton
(DBN)

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Aviation:

Bankrupt Mexicana airlines may start flying again
(DBN)

Boeing Halts Dreamliner Tests
(DBN)

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Education:

Executives Collect $2 Billion at For-Profit Colleges
(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:

Tribune, Madoff Trustee, Innkeepers, WaMu, Chemtura, Ambac: Bankruptcy
(DBN)

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Good Faith:

Keeping the (Good) Faith: Quigley Plan Rejection Highlights Importance of Sustaining Bankruptcy Code’s Key Underlying Principles
(DBN)

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Committees:

Creditors and Professionals Take Notice If You Want To Serve on or Represent a Creditors’ Committee in Delaware
(DBN)

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Hollywood:

Manna from MGM - Bankruptcy guru is scripted to make millions
(DBN)

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Intercreditor:

Bankruptcy court permits second lien creditor to oppose bid procedures for sale
(DBN)

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Chemicals:

Chemtura emerges from Chapter 11
(DBN)

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Gambling:

NJ casino caps turnaround with 1-year license
(DBN)

Trump casinos cut 50 management positions
(DBN)

Atlantic City Casino Gambling Fell 12% in October
(DBN)

Siena auctioned off for $3.9 million in Reno
(DBN)

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Jewelry:

Shane Co. Exits Chapter 11
(DBN)

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Distressed Investing:

Lone Star Extends Fundraising as It Seeks Distressed Property Loans
(DBN)

Wilbur Ross on Obama, Investing
(DBN)

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Finance:

Treatment of Prepayment Prohibitions in Bankruptcy Is Proving to be a Tough Call for Courts
(DBN)

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Celebs:

Nicolas Cage Foreclosure Finally Sells For $10.5 Million
(DBN)

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Corporate Reform:

The GOP's Plan to Dismantle Wall Street Reform
(DBN)

WilmerHale Partner Named New SEC Enforcement Division Chief Counsel
(DBN)

SEC enforcement director retiring after 40 years
(DBN)

Hands-off Fed to give consumer protection bureau $500 million
(DBN)

Warren to target credit cards, mortgages
(DBN)

Elizabeth Warren confident after investor meetings
(DBN)

Consumer Protection Is a Non-Partisan Issue: Warren
(DBN)

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Credit Cards:

HI credit-card debt third in nation at $8521
(DBN)

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Hedge Funds:

Goldman Said to Pull Out of Harbinger
(DBN)

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Soccer:

World Soccer Faces Tough Financial Times
(DBN)

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Golf:

Ford's Colony Bankruptcy Case Makes Progress
(DBN)

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Non-Profits:

Rich Americans Cut Back on Charity
(DBN)

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UK:

Debt relief issues have not gone away, says UK Insolvency Helpline rep
(DBN)

Student tuition fee protesters smash into Millbank and Tory HQ
(DBN)

UK Govt to withhold welfare checks from some unemployed
(DBN)

R3 approves changes in bankruptcy law
(DBN)

Winding Up Petitions - 10th November 2010
(DBN)

King: World Economy Faces Dangerous Times
(DBN)

IMF Warns on Austerity Measures
(DBN)

U.K.'s Plan to Abandon Homebuilding Targets Is Unlawful, High Court Rules
(DBN)

UK seeing a downturn in growth, says OECD
(DBN)

______________

EU:

Eurozone bond strains rise over Portugal, Ireland
(DBN)

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Ireland:

Irish c.bank: debt, bank plans fail to win over markets
(DBN)

Ireland admits investors uneasy amid bailout fears
(DBN)

Ireland on Brink as ‘Beggar’ for Aid After Losses by Fingleton
(DBN)

Irish bonds sink as Europe's debt fears grow
(DBN)

Troubles in Ireland Send Shivers Through Europe
(DBN)

Ireland's Fate Is Tied to Banks
(DBN)

New wave of Irish home loan defaults feared
(DBN)

Ireland's Fate Tied to Doomed Banks
(DBN)

Honohan downplays claim of bankruptcy
(DBN)

EU ready to support Ireland: Barroso
(DBN)

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Germany:

German pension insolvency fund slashes levy
(DBN)

German tempers fray as U.S. policy gulf widens
(DBN)

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Australia:

Villa & Hut founder faces bankruptcy
(DBN)

Australian October Jobless Rate Unexpectedly Jumps
(DBN)

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South Africa:

Derivatives traders breathe a collective sigh of relief
(DBN)

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France:

Sarkozy signs the law: French retire at 62, not 60
(DBN)

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Chile:

One month after, Chilean miners see uncertain future
(DBN)

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Greece:

Greek unemployment rate up to 12.2 percent in August
(DBN)

______________

Spain:

Spanish GDP Stalls on Austerity as Bond Yields Surge
(DBN)

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