November 18, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Skadden Partner Accidentally Emails Confidential Evaluations to Entire Department
(DBN)

McGuireWoods Announces Texas Expansion
(DBN)

The Getaway
(DBN)

Where. Are. THE BONUSES?
(DBN)

Ropes & Gray Names New Bankruptcy Partner
(DBN)

Polsinelli Adds Bankruptcy Talent From Gordon & Rees
(DBN)

Divided Loyalties: The Attorney’s Role in Bankruptcy Reaffirmations
(DBN)

Ex-Milberg Weiss Lawyers Sued Over Madoff Profit
(DBN)

Court Allows Malicious Prosecution Action To Proceed Against BigLaw Firm
(DBN)

Check your facts: Law firm wrong on p---- amputation claim
(DBN)

White & Case London office sees firmwide costs share rise 60%
(DBN)

Stephenson Harwood posts 17% revenue boost at half-year point
(DBN)

Mistakes that New BigLaw Lawyers Make
(DBN)

Law Firm Sues Akin Gump and Lloyd’s, Says It Was Stiffed on Stanford’s $437K Defense Bill
(DBN)

The Royal Prenup
(DBN)

Ménage à Trois Gets Two Ex-BigLaw Associates From Different Firms Suspended
(DBN)

Judge Axes Ex-Client’s Sex Suit Against His Lawyer, Upholds $25K Settlement
(DBN)

The Secret To Inflating Employment Rates? Only Survey Law Grads Who Are Employed
(DBN)

Does It Pay to Hire a Law Firm Librarian?
(DBN)

The Angel and the Devil
(DBN)

China's Economy Woks On, and BigLaw Is Eating It Up
(DBN)

As Recession Brutalizes Key Practice, Firm Looks to Diversify London Base
(DBN)

GoodReader: Great iPad File Management and Annotation App Gets Better
(DBN)

Beware the Male Foreign Associate: He Quotes, He Gropes, He Elopes
(DBN)

Ex-NY BigLaw Associate Disbarred After Guilty Plea in Fraud
(DBN)

Lawyer is Charged With Stealing $800K from 10 Clients, Reportedly Blames OxyContin
(DBN)

Lawyer Sanctioned $45,273 for Suits Against Jews for Jesus
(DBN)

Jurors Ordered to Pay for Mistrial After Crime Scene Visit
(DBN)

Move Over Socratic Method, ‘Clicker’ Offers Law Profs New Option to Monitor Student Progress
(DBN)

Duo Who Made Man Eat Beard Avoid Jail
(DBN)

Lovers sentenced to 100 lashes
(DBN)

Believe it or not, Eric's dad's a lawyer
(DBN)

Parrot barks like dog to warn of fire
(DBN)

______________

Judges:

U.S. Bankruptcy Judge David Kennedy saluted for 30 years on the bench
(DBN)

Lame Duck Senate Looking to Act on Controversial Judges
(DBN)

Our Tech-Savvy Supreme Court, Part II
(DBN)

Justices Are Long on Words but Short on Guidance
(DBN)

______________

Wall Street:

US Stock -Index Futures Advance on Prospects for EU-Led Irish Bailout
(DBN)

Stocks Flat as Investors Watch Europe
(DBN)

Meet Your New Overlords: The Goldman Sachs Partners of 2010
(DBN)

A Closer Look at the New Goldman Sachs Partners
(DBN)

Wall Street Profits May Hit $19 Billion-4th Best
(DBN)

______________

Layoffs:

Unemployment insurance sent $319 billion to the jobless
(DBN)

GOP to Jobless: Drop Dead
(DBN)

Downsizing of YRC Worldwide Continues: Details of 41 More Terminals to Close
(DBN)

Job Seekers Find Bias Against The Unemployed
(DBN)

Jobless Fund Faces Insolvency
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Insurance:

Heeeeeeeere’s Ambac (and Ambac and Ambac)!
(DBN)

______________

Mass Torts:

Spill Report Faults BP and Contractors
(DBN)

Court of Appeals Upholds $7 Million Judgment in Asbestos Case
(DBN)

______________

Fraud:

Judge sets bail for doctor in FrontPoint case
(DBN)

AmEx to Pay Millions to Victims of Lawyer’s $1.2 Billion Ponzi Scheme
(DBN)

Ex-Texas construction boss sentenced in fraud case
(DBN)

Prosecutors: Hecker tried to marry girlfriend
(DBN)

Muslim-targeted Ponzi scheme alleged
(DBN)

Enron whistleblower speaks about faith, collapse
(DBN)

High court won't hear Rigases' evidence suppression case
(DBN)

Former Koss Exec Gets 11 Years for Embezzlement
(DBN)

Was Hecker trying to say 'I do' over expense meeting?
(DBN)

______________

Newspapers:

National Enquirer Publisher Files for Bankruptcy
(DBN)

Tierney Returns to PR Roots
(DBN)

______________

Banking:

Fed to Require Capital Plan From Banks
(DBN)

BofA, Citi, J.P. Morgan — Get Ready to Be Stress Tested…Again
(DBN)

Fed Requires Test for Banks Before Restoring Dividend
(DBN)

FDIC Watchdog Weighs Criminal Charges Against Bank Officials
(DBN)

______________

Politics:

Poll: Americans Feel Positive About Elections
(DBN)

Members of Congress get richer despite sour economy
(DBN)

______________

Finance:

Advanta bankruptcy troubles may delay payments to investors
(DBN)

______________

Corporate Governance:

Chancery Court Denies Creditors’ Derivative Standing Under Delaware LLC Act
(DBN)

Does Board Composition Affect the Risk of Bankruptcy?
(DBN)

______________

Avoidance Actions:

Fraudulent Transfers By The Numbers – Revisited
(DBN)

______________

Distressed Investing:

Tennenbaum Capital Partners Hires Landrum as Managing Director
(DBN)

______________

Environmental:

Mark IV industries ordered to clean up New Mexico site
(DBN)

______________

 

Economy:

U.S. Consumer Prices Tame in October
(DBN)

Republicans Express `Deep Concerns' in Letter to Bernanke
(DBN)

Why Voters Think Obama's Meeting With GOP Leaders Is a Gimmick
(DBN)

Inflation at Lowest Level Since 1957?
(DBN)

Consumer Prices Higher in October
(DBN)

Debt Wall Shrinks $393 Billion as Fed Eases Financing Fear
(DBN)

Fed to require stress tests before upping payouts
(DBN)

US Economy Could Have Been `Dust,' Rattner Says
(DBN)

FDIC’s Bair: U.S. Needs to Rein in Deficit
(DBN)

In Unusual Move, Fed Bolsters Its Defense of Its Plan
(DBN)

Deficit Panel Urges National Sales Tax, 'Drastic' Reform
(DBN)

Is Warren Buffett’s ‘Thank You’ to America a Dis to Obama?
(DBN)

Obama to Award Warren Buffett Medal of Freedom
(DBN)

This Is The Letter Warren Buffett Should Have Written To The US Government
(DBN)

Dear Warren Buffett: You're Too Polite
(DBN)

Fears of new food crisis as prices soar
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Foreclosure class actions pile up against banks
(DBN)

Foreclosure Fix Is Seen as Distant
(DBN)

Banks warned on foreclosure mess costs
(DBN)

Despite Foreclosure Mess, Banks List More Homes
(DBN)

JPMorgan working to solve foreclosure problem: CFO
(DBN)

CitiMortgage reviewing 14,000 foreclosure affidavits
(DBN)

Citigroup Tells Congress It May Refile Thousands of Foreclosure Documents
(DBN)

Duke Says Fed Sees 4.25 Million More Foreclosures Through 2012
(DBN)

MERS to testify it forecloses only by mortgage servicer request
(DBN)

Foreclosure Missteps Still a Risk
(DBN)

BofA finds securitization investors limit options for mortgage servicing
(DBN)

Bank Regulators Launch Examination of MERS
(DBN)

They Really Did Know the Loans Were Bad…
(DBN)

Ally CEO of mortgage operations says foreclosure flaws "unacceptable"
(DBN)

Tester: Even Montanans Are Complaining About Foreclosures
(DBN)

Plan to cut mortgage deduction stirs housing industry's K Street machine
(DBN)

Deadline granted for Statler group
(DBN)

Real-Estate Price Cuts at 18-Month High
(DBN)

Why Are Houses Still Appraised So High?
(DBN)

Southern California homes sales at lowest level in three years
(DBN)

Mortgage Applications Tumble for Week
(DBN)

Housing Starts Plunge: Market’s ‘Pulse is Faint’
(DBN)

Mortgage fraud up 20% from 2009
(DBN)

George Bailey meets mortgage fraud
(DBN)

Carinalli $194 million bankruptcy plan approved
(DBN)

Bank files for foreclosure on One Steamboat Place
(DBN)

Anglo Bank Wins Auction for New York Condo Project
(DBN)

Lipstick Building Needs More Than Cosmetic Surgery
(DBN)

Architectural Billings Index slips back into negative territory
(DBN)

Pit Bulls: Cerberus Makes a Killing Again
(DBN)

Massive Multifamily Portfolio Placed in Special Servicing
(DBN)

_____________

Aviation:

U.S. Airlines Seen Earning $4 Billion In 2010
(DBN)

The Future Of Air Travel: X-Ray Scanners, Groping, High Ticket Prices And Bankruptcy
(DBN)

TSA: Trouser Search Administration
(DBN)

Sen: Patdowns are just 'love pats'
(DBN)

New Airport ‘Sex Assault’ Search Sparks Pilot Suit and Passenger Civil Disobedience Campaign
(DBN)

JAL Turnaround Body Warns Crew Against Strike
(DBN)

JAL could lose 350 billion yen in financing if unions vote to strike over layoffs
(DBN)

______________

Municipalities:

Study: Americans fleeing high-tax, union-dominated states
(DBN)

Harrisburg's Act 47 hearing closes with appeals for bankruptcy
(DBN)

Pennsylvania Delays Ruling on Harrisburg Distress Under Act 47 to December
(DBN)

Sell-off in US local debt rattles investors
(DBN)

Michigan city, seeking bankruptcy, could be first of many
(DBN)

Hamtramck leaders told to get loan instead of bankruptcy
(DBN)

Vallejo gets first look at bankruptcy exit plan
(DBN)

Vallejo Considers Health Cuts To Address City Bankruptcy
(DBN)

For California, Another Day, Another Deficit
(DBN)

Please, Governor, Put Down Those Buildings
(DBN)

California Bond Woe Bodes Ill for States
(DBN)

Year's worst losses for munis steepen
(DBN)

Should The City Of San Diego Consider Bankruptcy ?
(DBN)

Dauphin County commissioners hire law firm to represent county if Harrisburg files for bankruptcy
(DBN)

Senate approves plan for state watchdog to oversee Metra, CTA
(DBN)

______________

Celebs:

Real Housewife of N.Y. Sonja Morgan Files for Bankruptcy
(DBN)

Toni Braxton Says “Everything's Good” — Despite Having Debts of $50M!
(DBN)

R&B singer Toni Braxton doing pilates to cope with bankruptcy stress
(DBN)

______________

Health Care:

Survey: Average Health-Insurance Deductible is Now $1,200
(DBN)

Medical Spa at Summerlin files for Chapter 11 bankruptcy
(DBN)

______________

Gambling:

More Bad News for 3 Struggling AC Casinos
(DBN)

______________

Television:

Viewers pull plug on cable TV; Largest subscriber decline in 30 years
(DBN)

______________

Chemicals:

Tronox Wins Confirmation of Plan to Exit Bankruptcy
(DBN)

______________

IP:

Escom Sells Sex.com with Sedo for Record $13 Million
(DBN)

______________

Lehman:

Lehman's $500 Million in Found Money
(DBN)

JPMorgan Is Lehman's Next Deep-Pocket Target After Barclays
(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)

______________

Setoff:

Bankruptcy Judge: Nice Try, BofA, but Give the $500M Back to Lehman
(DBN)

______________

Miscellaneous:

Value of U.S. bankruptcy claims slumps in October
(DBN)

Lehman, SunCal, Point Blank, Arrow Air, Network: Bankruptcy
(DBN)

______________

Workouts:

Amend and Extend: Living on Borrowed Time and Money
(DBN)

______________

Bankruptcy Poetry:

Haiku: Law Firm Mergers
(DBN)

Haiku: Bankruptcy Litigation
(DBN)

______________

Autos:

Canada Said to Resist US Push to Sell More GM Shares in Public Offering
(DBN)

Clement Says Canada to Be `Prudent' With Taxpayer Money in GM Stock Sale
(DBN)

Oh, Canada -- You Look Smarter than Uncle Sam
(DBN)

The Ghosts of 'Old GM'
(DBN)

Small investors clamor for GM shares but supply thin
(DBN)

Putting the Brakes on the GM IPO Fervor
(DBN)

GM shares mostly sold in North America
(DBN)

GM Prices Its Shares at $33 in Return to Stock Market
(DBN)

Ahead of GM IPO: A Bit of Context
(DBN)

How Taxpayers Win Even If GM Doesn't Pay Them Back In Full
(DBN)

GM Faces Mixed Reviews Over Public Stock Offering
(DBN)

How GM’s IPO Stacks Up Against the Biggest IPOs on Record
(DBN)

GM Hasn't Been This Popular Since The 1950s
(DBN)

High GM price aids workers
(DBN)

GM IPO Increase: How They Turned It All Around
(DBN)

What was good for GM was bankruptcy
(DBN)

Auto Bailout Saved More Than 1 Million Jobs, Study Says
(DBN)

Record high prices for used cars
(DBN)

Chrysler can learn, but faces its own obstacles
(DBN)

Grim future for weak U.S. auto parts suppliers
(DBN)

______________

Religion:

Bankruptcy official objects to Crystal Cathedral salaries
(DBN)

Questions over Crystal Cathedral pay in bankruptcy
(DBN)

______________

Corporate Reform:

Warren Said to Tap Consultant for Credit-Card Unit
(DBN)

Banking chief to join US consumer bureau
(DBN)

Seriously, Jail the Bankers or This Economy Will Never Fully Recover
(DBN)

Wall Street Seeks to Undo New Financial Regs
(DBN)

______________

Celebs:

Michael Vick Uses Second Act as Game-Changer
(DBN)

_____________

Automatic Stay:

Judge slaps BofA for Lehman cash grab
(DBN)

______________

Notice:

Return to Sender – Make Sure the Address Is Known
(DBN)

______________

Tax:

Deutch Enjoined!
(DBN)

______________

Student Debt:

Being In Love Means Never Being Able To Get Your Student Loans Discharged, Or Why Stedman Graham Should Have To Pay His Student Loans
(DBN)

______________

Solar Energy:

Solar Panel Industry Meltdown in 2011?
(DBN)

______________

Book Review:

A Half-Dozen Essential "Business" Books
(DBN)

______________

Directories:

Berry Co files for Chapter 11 bankruptcy
(DBN)

______________

Telecoms:

Sprint's Technology Lead at Risk as Clearwire Faces Cash Crunch
(DBN)

______________

Sovereigns:

Argentina's Paris Club Debt to be Resolved by Early 2011, Lorenzino Says
(DBN)

______________

EU:

As Euro Zone Faces Strain, Some Question Its Future
(DBN)

The Real Cause Of Europe's Sovereign Debt Crisis: Mamma's Boys
(DBN)

______________

Ireland:

Ireland's $90 billion question: Does it need a bailout?
(DBN)

Irish c.bank chief expects big EU/IMF loan
(DBN)

Ireland set to tap €80bn loan as it opens door to IMF mission
(DBN)

Irish bank rescue could cost over 100 bln euros
(DBN)

Report recommends against debt forgiveness
(DBN)

Rumble in the Irish Bank Jungle
(DBN)

Irish PM: "Sensible, Precautionary" Talks With EU Counterparts
(DBN)

Ireland Delays on Bailout for Political Ends
(DBN)

Ireland feels pressure on rescue package
(DBN)

UBS Cross Talk Over U.K. Hit from Ireland Bailout
(DBN)

Ireland Should Win This Game of Bluff
(DBN)

Save Ireland? Why Not LBO It?
(DBN)

NAMA chief says banks' delusions behind them
(DBN)

Human Cost of the Irish Crash
(DBN)

______________

Belgium:

Belgian court rejects Brink's bankruptcy plea
(DBN)

______________

Mexico:

Mexico's IUSA Reaches $372 Million Debt Agreement
(DBN)

______________

Canada:

City of Vancouver puts Olympic Village into receivership
(DBN)

Receivership 'last step' for troubled Olympic Village
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).