November 16, 2010

The Daily Bankruptcy News

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Law:

On Law Firms and Hiring: Is a New Paradigm On The Way?
(DBN)

Law Firms Facing Fewer Positions, More Expectations
(DBN)

God Awful Jobs for Lawyers Potpourri
(DBN)

DLA Piper Latest Firm to 'Right-Size'
(DBN)

At $60K Median Lawyer Salary, ‘It Will Be Very Difficult’ to Repay’ $100K+ in Debt
(DBN)

When Cartels Unravel, Judicial Clerkship Market Edition
(DBN)

Foreclosure King Defaults on Rent, $15 Million Loan
(DBN)

Taking knocks in court, foreclosure lawyers facing Florida Bar investigations, too
(DBN)

Legal Advice . . . on a Budget - Some Law Firms Begin Offering Small Businesses Flat-Monthly Fees
(DBN)

BigLaw Practice May Be Less Attractive to Women, Expert Says
(DBN)

Does Hiring Smart People Hurt Law Firms?
(DBN)

Overbilling Results In 90 Day Suspension
(DBN)

What's Wrong with ALF?
(DBN)

Old School Ties Have Stranglehold on Lawyers
(DBN)

Hughes Hubbard & Reed Takes on Multimillion-Dollar Pension Suit
(DBN)

Foreclosure Suits, Bank of America, Vodafone in Court News
(DBN)

ABA Battles FTC : Does Red Flags Rule Apply to Lawyers?
(DBN)

D.C. Circuit Struggles With 'Red Flags Rule'
(DBN)

Bar association seeks to regulate lawyers Facebook comments
(DBN)

Firm Not Playing Around With Toymaker, Says It's Owed $10 Million Plus in Fees
(DBN)

BigLaw Big Shot Hits the Road With Obama, Has No, Repeat No, Fun
(DBN)

U of Miami Unveils New Legal Corps for Jobless Grads, Will Front $2.5K Stipend for Volunteer Gigs
(DBN)

Turns Out Touro Is Even Crappier Than We Thought
(DBN)

In Defense of Going to Law School: A Prudential Perspective
(DBN)

Oh, Canada! Norton Rose To Take Over Ogilvy Renault
(DBN)

Big changes in legal landscape as Ogilvys makes shocking move
(DBN)

What's Behind Ogilvy Renault's Merger With Norton Rose?
(DBN)

Am Law Tech Survey 2010 - A Cloudy Forecast
(DBN)

Edit Microsoft Office Docs on Your Smartphone
(DBN)

Erin Brockovich Goes Back to Work on Hinkley, Where Residents Claim New Chromium Problems
(DBN)

Later, Bad Lawyer
(DBN)

Four Loko, World's Deadliest Beverage, Fells Another Innocent Man
(DBN)

Four Loko Stops Shipments to New York State
(DBN)

Wanton Tamale Assault
(DBN)

Do Not Drink From Toilet???
(DBN)

'Exploding' escargot ignite saucy lawsuit
(DBN)

The Scariest Man In The Pacific Northwest
(DBN)

Football Widow Attacks Boyfriend With Hammer Over Man's NFL Devotion
(DBN)

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Judges:

NY Judge Quitting Over Low Pay
(DBN)

Virginia Thomas Giving Up Tea Party Job
(DBN)

Prop 8 judge to teach at UC-Berkeley
(DBN)

Judge Amends Suit Against Lawyer, Deletes Extortion Claim
(DBN)

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Wall Street:

Stocks Drop for Seventh Day, US Futures Decline; Treasuries, Dollar Gain
(DBN)

Ex-Wife of Actor Michael Douglas Loses Bid for Share of Profits from ‘Wall Street’ Sequel
(DBN)

Goldman Sachs Boss Complains About 'Only' Making $9 Million
(DBN)

Distrust spreads to Wall Street
(DBN)

Calpers Drops `Name-and-Shame' Listing of Underperforming Stocks
(DBN)

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Layoffs:

Philly Fed Survey of Economists Sees Unemployment Rate Still Near 8% in 2013
(DBN)

End of Jobless Benefits Is Political Plight
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

Wisconsin Insurance Chief Seeks Approval for Ambac Plan to Repay Claims
(DBN)

We're Bankrupt! (Oh, By the Way, Don't Forget Your Bonus ...)
(DBN)

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Newspapers:

Tribune Creditors Want to Expand Pursuit of Sam Zell, JPMorgan
(DBN)

Sam Zell Really, Really Promises That He'll Go Away
(DBN)

Zell doesn't criticize ex-CEO Michaels, says Tribune 'in dramatically better shape' than in '07
(DBN)

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Hedge Funds:

Hedge-Fund Inflows Surged In October - HedgeFund.net
(DBN)

Phil Falcone Forced to Find a New Way to Pay the Bills
(DBN)

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Finance:

Chase Doubles SBA Loans
(DBN)

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M&A:

M.&A. to Hit $3 Trillion in 2011, Report Says
(DBN)

M&A 101: Guide to Mergers, Part 2: Deal Protections
(DBN)

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Sales:

Re-opening bankruptcy auctions: is that your final answer?
(DBN)

Secured party transactions under UCC Article 9: A strategic method of acquiring distressed assets
(DBN)

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Pensions:

Deficit widens for US pension insurer
(DBN)

PBGC Helped Preserve Pensions For 360,000 In FY 2010
(DBN)

As Payouts Rise, New Tactics by the US Pension Insurer
(DBN)

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Symphonies:

Orchestra Musicians Say Staff Cuts Have Been Requested
(DBN)

Same Old Song: Louisville Orchestra Facing Money Woes
(DBN)

Louisville Orchestra musicians fear threat of bankruptcy
(DBN)

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Lehman:

Lehman's structured notes clearly flawed, law firms allege
(DBN)

Lehman's Archstone May Go Public Again Three Years After Buyout, CEO Says
(DBN)

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Health Care:

Hospital owes $20M for violating Stark Act
(DBN)

Tangled litigation follows ex-bankrupt hospital sale
(DBN)

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Financial Literacy:

How to Teach Kids About Money
(DBN)

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Aviation:

JAL to dismiss up to 250 pilots, cabin attendants
(DBN)

Pilots among those dismayed at scanners , pat-downs
(DBN)

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Soccer:

`Accidental' Portsmouth Owners Say They Need Luck to Get Back Investments
(DBN)

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Food/Drink:

Charlie Brown's Steakhouse closes restaurants
(DBN)

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Sovereigns:

Argentina to Start Talks Over Paris Club Debt Without IMF
(DBN)

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Aquaculture:

Factory fish farming: A track record of costly, messy failure
(DBN)

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Compensation:

SEC's pay rules may mimic TARP's - Compensation for brokers and firm executives would be subject to claw-backs if deemed excessive
(DBN)

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Economy:

Autos Drive Retail Sales ; Factory Report Worrisome
(DBN)

New York Factory Activity Tumbles
(DBN)

US Business Inventories Hit a Two Year High
(DBN)

Fed’s Lacker Sees Inflation Risk as Jobless Rate Remains High
(DBN)

Dudley Says Fed Critics Don't `Understand' Additional Stimulus, Exit Plan
(DBN)

Weaker Dollar Seen as Unlikely to Cure Joblessness
(DBN)

Backlash to bond-buying plan hampers Fed
(DBN)

Bond Sell-Off in Spite of Intervention by Fed Puzzles Traders and Analysts
(DBN)

One in 7 US households hit by hunger issues
(DBN)

The Hijacked Commission
(DBN)

Debt Reduction Plan Full Adoption Unlikely
(DBN)

Deficit Panel Ignores $153 Trillion Hole
(DBN)

Soaking the Rich, Cutting the Deficit
(DBN)

Krugman: The Problem
(DBN)

Liquidationists of the World, Unite!
(DBN)

Fresh Attack on Fed Move
(DBN)

The Next Lost Decade for Millionaires
(DBN)

AIG Set to Repay $37 Billion in Bailout Money
(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:

S&P predicts more home price declines through 2011
(DBN)

Sacred cow of mortgage tax relief needs slaughter
(DBN)

Suits Over Foreclosure 'Robo-Signing' Are Piling Up
(DBN)

Can homeowners reopen cases?
(DBN)

Bank of America Foreclosure Reversed
(DBN)

Do the Enemies of MERS Know What They Are Asking For?
(DBN)

Gov't Prevents Fewer Foreclosures Than Planned
(DBN)

Voices of Foreclosure Speak Daily About Desperation and Misery
(DBN)

'Rocket docket' foreclosure access probed
(DBN)

ACLU wants foreclosure hearings to remain public
(DBN)

Re-Foreclosure, Counterfeit Notaries, and Petrified Lawyers: Tales of Foreclosure Fraud
(DBN)

Lawyer Stern's public company defaults
(DBN)

Florida foreclosure king's law firm can't pay bills
(DBN)

Wells Fargo Dumps Foreclosure King
(DBN)

Am I Paying for My House or the Brooklyn Bridge?
(DBN)

Foreclosure mess impact could be severe: panel
(DBN)

Robo-signers may jeopardize 33 million mortgages, securitization
(DBN)

Questions could slow foreclosures in Florida
(DBN)

Bankers Brace for Foreclosure Tongue-Lashing
(DBN)

The Nine Most "Inconvenient" RoboSigning Admissions BofA Would Love To Disappear
(DBN)

Foreclosure company finds itself in default
(DBN)

8 loan servicing gripes
(DBN)

Hard money: For a loan, he’ll take your home
(DBN)

A Simple Solution to the Foreclosure Paperwork Mess
(DBN)

BBVA: Strategic Default Concerns Are 'Overblown'
(DBN)

Phoenix home prices falling
(DBN)

Foreclosures mounting in Phoenix
(DBN)

Detroit home sales and home prices drop in October from year ago
(DBN)

Dallas home prices will drop through next summer
(DBN)

Homebuilder stocks down across the board
(DBN)

Historic Housing Decline Reaches 17th Consecutive Quarter Of Falling Home Values
(DBN)

Statler deal gets two-week extension
(DBN)

Erpenbeck bankers ordered to pay $13 million
(DBN)

Cefalu LLC files for bankruptcy
(DBN)

Bankruptcy trips up Brooklyn developer
(DBN)

Berkshire Sells Home Depot Stake
(DBN)

Pimco Cut Government-Related Holdings Last Month, Purchased More Mortgages
(DBN)

Reserves Up at Home-Loan Agency
(DBN)

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Litigation:

Sanctions For E-Discovery Violations: By The Numbers
(DBN)

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Banking:

Insider Litigation: Round Two of a Fight That Will Last for Years
(DBN)

Bailout Panel Warns of US Bank Mortgage Losses, Urges New Stress Tests
(DBN)

Buffett's Berkshire Takes Stake in BNY Mellon, Adds to Wells Fargo Holding
(DBN)

Paulson Trims Bank of America, Sells Entire Goldman Sachs Stake
(DBN)

Battle With Bondholders Looms After G-20 Agrees on Basel Rules
(DBN)

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Autos:

GM Raises Sights for IPO
(DBN)

Should GM Retirees Buy Company Stock?
(DBN)

Why We're Sitting Out This GM IPO
(DBN)

Ford Rises to Highest in More Than 6 Years in New York
(DBN)

Rattner Says GM IPO May Price Higher Than Company's $26-$29 a Share Plan
(DBN)

GM to raise IPO price to $33 a share
(DBN)

Access to General Motors stock offering won't include many of its rescuers
(DBN)

General Motors Said to Boost IPO Price By 14% as Demand Grows
(DBN)

G.M. Rising: Who Gets the Credit?
(DBN)

As General Motors readies IPO, long-term supporters wait for payout
(DBN)

'Shiny GM': Revamped automaker goes public, but turnaround is far from done
(DBN)

Lotus Adds Bob Lutz to its Extreme Makeover Team
(DBN)

Credit or blame for Rick Wagoner?
(DBN)

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Retailing:

October Sales Bode Well For Retail's Holiday Season
(DBN)

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Consultants:

Alvarez & Marsal Names Jones, Stratton Asia Co-Heads
(DBN)

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Credit Cards:

Credit-Card Delinquencies Lower; Write-Offs Remain High
(DBN)

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Celebs:

Teresa Giudice's Attorney Says Denying Their Bankruptcy 'Would Destroy This Family'
(DBN)

West Wing and Thirtysomething star Timothy Busfield may lose his house
(DBN)

Law firm dismisses fee lawsuit against Rod Stewart
(DBN)

Wesley Snipes to argue for new trial in Fla.
(DBN)

Lohan Gets A Police Escort Back To Hollywood
(DBN)

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Furniture:

Lack's Furniture Store Chain Seeks Bankruptcy Protection
(DBN)

Lack's to close its 36 stores
(DBN)

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Sports:

Beach Volleyball Tour Operator to Sell Assets
(DBN)

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Utilities:

Constellation Is Successful Bidder For Boston Generating Assets
(DBN)

Special Committee Completes Review Process for Boston Generating Sale
(DBN)

Boston Generating Supports Constellation Sale After Bid Review
(DBN)

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IP:

Piracy hotspot Bangladesh bootlegged to bankruptcy
(DBN)

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Corporate Governance:

Good Faith and the Lyondell Decision
(DBN)

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Debt Collection:

Class Blasts 'Robo-Signing' Default Judgments
(DBN)

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Private Equity:

Private-equity firms speed date for cash
(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:

P.J. Solomon's New Restructuring Head Counsels Bankruptcy Avoidance
(DBN)

Cynergy, PPI, Capmark, Wind Hellas, Ambac, Trico: Bankruptcy
(DBN)

A-Tec Unit, Japan Air, Exista, Honsel, Irish Banks: Bankruptcy
(DBN)

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Bankruptcy Statistics:

Bankruptcies Up in Minnesota
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Poetry:

Haiku: G20 Meeting
(DBN)

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Avoidance Actions:

Adversary actions filed in MPC bankruptcy
(DBN)

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Cross-Border:

Chapter 15 recognition: Fairfield Sentry Limited (in liquidation)
(DBN)

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Awards:

Mintz Levin Attorney Paul Ricotta to Be Named Fellow of the American College of Bankruptcy
(DBN)

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Corporate Reform:

Squeezing Barney Frank Into Elizabeth Warren's Chair?
(DBN)

Arent Fox’s Radke on Cashing in at the SEC
(DBN)

Interview: White House Consumer Czar Elizabeth Warren
(DBN)

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Politics:

Seniors, entitlements, and the midterms
(DBN)

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Municipalities:

Are Municipal Bond Markets Collapsing?
(DBN)

Municipal Funds Fall Most in Two Years as Bonds Drop, Borrowing Costs Rise
(DBN)

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Gambling:

Have casinos contributed to rising bankruptcy rates?
(DBN)

Station Casinos Announces Third Quarter Results
(DBN)

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Ethanol:

Pacific Ethanol reports loss as it restructures
(DBN)

The U.S. Is Spending Billions Just To Subsidize A Massive Glut Of Ethanol Production
(DBN)

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Fraud:

Rothstein victims fight settlement
(DBN)

Was energy trader a one-woman Enron?
(DBN)

Man convicted in $80M Ponzi scheme
(DBN)

Ponzi swindler sentenced to 41 months in prison, $15 million restitution
(DBN)

Anonymous Salt-and-Pepper Lothario Buys Bernie Madoff Diamond
(DBN)

Woman Buys Ruth Madoff a Present at Auction of Her Stuff
(DBN)

Lawyer Seeks Class-Action Against SEC Over Madoff
(DBN)

The 1% Club: the story behind Weizhen Tang—Toronto's Bernie Madoff
(DBN)

Abramoff associate convicted of 5 counts in corruption case, not guilty of 3 in retrial
(DBN)

Hecker Case Attorneys: Show me the Money!
(DBN)

More Charges in Giant Hedge Fund Case
(DBN)

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UK:

Sharing Ireland's pain
(DBN)

English Court of Appeal Gives Thumbs Up to Senior Lenders’ Enforcement Strategy and Throws Out Junior Creditors’ Challenge on Intercreditor Release Provisions
(DBN)

Percentage of petitions submitted by HMRC to wind-up companies jumps by a third in just one year
(DBN)

Winding Up Petitions - 15th November 2010
(DBN)

Taylor Wimpey sees profit at top end of views
(DBN)

Finance chief quits Taylor Wimpey
(DBN)

Big rise in families facing debts
(DBN)

UK Retail Rents Starting To Rise In Prime Locations
(DBN)

UK Inflation Rate Increases to 3.2%, Forcing King Letter
(DBN)

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EU:

Europe Fears That Debt Crisis Is Ready to Spread
(DBN)

Deutsche Bank CEO:Too Early To Discuss Another Round In Crisis
(DBN)

Portugal Fin Min: No request for financial aid
(DBN)

Ireland , Portugal and Greece worry eurozone ahead of talks
(DBN)

EU Could Swap Sovereign Debts, Ireland Needs Restructuring, Roubini Writes
(DBN)

Eurozone members pressed on debt plans
(DBN)

Irish woes should speed Europe’s default plan
(DBN)

German bond proposal sparks unrest in EU's big debtors
(DBN)

Sarkozy Under Pressure as France Feels Irish Heat
(DBN)

The Austerity Zone: Life in the New Europe
(DBN)

Euro-Zone Inflation Hits Two-Year High
(DBN)

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Greece:

Amid Strains, Greece Lashes Out at Germany
(DBN)

German stance may push nations to bankruptcy -Greek PM
(DBN)

Greece admits breach of bailout as audit begins
(DBN)

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Ireland:

Pressure building on Ireland to seek EU help
(DBN)

Ministers are expected to put pressure on Ireland to accept a bailout
(DBN)

Irish in crisis talks with EU nations, refuse aid
(DBN)

Irish reluctant to take EU handout
(DBN)

Irish Bond Yield Spread Will Widen Again Without Aid, Deutsche Bank Says
(DBN)

Ireland Refuses EU Financial Aid - Will Hire U.S.A.'s Ben Bernanke To Print More Money :)
(DBN)

Ireland's Cowen to Weigh EU Steps to Shore Up Banking System
(DBN)

Ireland's Cowen Says High Funding Cost Not an 'Immediate' Issue
(DBN)

Ireland signals banks, not state, may need help
(DBN)

Irish PM: Engaged With Partners To Underpin Financial Stability
(DBN)

Austerity fails to save Ireland
(DBN)

US asks for High Court help in Drumm case
(DBN)

Judge to consider US trustee's application
(DBN)

Drumm to come face-to-face with Anglo Irish in Boston today
(DBN)

He's 'broke', but Drumm hires decorators for his $2m mansion
(DBN)

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China:

Bankruptcy law comes to China
(DBN)

China Limits Foreign Property Investment
(DBN)

China's Banks Stop Real Estate Loans
(DBN)

'State Capitalism' in China Sparks Backlash
(DBN)

What's the Good of a House?
(DBN)

______________

Portugal:

Portugal admits 'it could need EU bail-out'
(DBN)

Portuguese Foreign Minister Says Country May Need To Leave Euro
(DBN)

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Germany:

Even re-insured companies must pay insolvency levy, German court rules
(DBN)

German Business Confidence Gains More Than Forecast
(DBN)

Hypo Real Estate Loss Narrows After Reducing Provisions for Bad Loans
(DBN)

E.U. Gives WestLB More Time To Craft Restructuring Plan
(DBN)

______________

Canada:

Restructuring costs drive AbitibiBowater Q3 loss
(DBN)

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