November 24, 2010

The Daily Bankruptcy News

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The Daily Bankruptcy News will not publish on Thursday November 25, 2010 and Friday November 26, 2010 due to the Thanksgiving holiday.

Law:

Tribune Creditors Seek to Recover Bankruptcy Fees Paid Lawyers, Advisers - The Motion
(DBN)

The early word on law-firm bonuses? Meh
(DBN)

Associate Bonus Watch: Skadden Matches Cravath
(DBN)

Deferral Stipend Judgment Is a Moral Victory for Two Former Heller Ehrman Associates
(DBN)

Recovery Just Creeping Along in Keystone State
(DBN)

Akin Gump Partner Pens Email Fantasy About Firing Delinquent Time Keepers
(DBN)

Does the Defense of Foreclosures by Lawyers Border on the Unethical?
(DBN)

Thompson Hine Adds Bankruptcy Lawyer
(DBN)

White & Case's Lauria to Rangers Bankruptcy Judge: "Why Don't You Call Me Blutarsky?"
(DBN)

BigLaw Firm, Wall Street Client Suddenly Playing Defense in Land Deal Gone Wrong
(DBN)

Ethics 20/20 Commission Releases Draft Report on Outsourcing, Seeks Feedback
(DBN)

Is Document Review a ‘Scarlet Letter’ on Lawyer Resumés?
(DBN)

Top 20 UK Law Firm to Outsource All Support Staff Work & Bring Local Integreon Office In-House
(DBN)

Write-downs, Write-offs and LPM
(DBN)

The King Is Retiring, Long Live . . . Uh
(DBN)

Growing ‘Budget-Friendly’ Law Firm Cites Rates, Service & Roadside Location as Secret to Success
(DBN)

Ex-Attorney Gets 21 Months for Stealing $343K from Law Firm
(DBN)

Ex-BigLaw Associate Who Faked $500,000 in Billables Loses Law License
(DBN)

Oracle awarded $1.3 billion in copyright infringement suit
(DBN)

Prominent Lawyer Will Be Retried on Fraud Charges Over $34 Million in Settlements
(DBN)

Ex-NY Partner, Firm Air Kiss and Make Up
(DBN)

Long Line Forms at Law Firm Giving Out 1,000 Free Thanksgiving Turkeys
(DBN)

Partnership Prospects Survey Results
(DBN)

Citigroup Seeks Lawyer to Oversee Social Media
(DBN)

Use the iPad to Create PDFs
(DBN)

Duke Undergrads Expelled From Duke Law Library in Preparation for Finals
(DBN)

Police Haven’t Ruled Out Homicide in Lawyer’s Golf Cart Death
(DBN)

The Cleverest Departure Email of All Time Comes From the Finance Industry
(DBN)

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Judges:

The judge in the Rangers' bankruptcy case was hilarious
(DBN)

Judge Sounds Off on Rangers Owner, Sports Reporters, DH
(DBN)

Jogging With Judge Unethical
(DBN)

Former Justice Pulls Back Curtain on Michigan Supreme Court
(DBN)

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Wall Street:

US Stock Futures Edge Up As Investors Await Economic Data
(DBN)

Wall Street Playing 'Chicken' With US Government
(DBN)

Wallets Out, Wall Street Dares to Indulge
(DBN)

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Layoffs:

Unemployment Rates Improving in Most States
(DBN)

Unemployment in States Remains High
(DBN)

Gloomy Fed employment forecast overshadows upbeat GDP data
(DBN)

Nevada Retains Highest Unemployment Rate
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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AIG:

AIG, Treasury Prepare For Life After Bailout
(DBN)

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Avoidance Actions:

Early Payments to Trade Creditors May Fall Outside the “Ordinary Course of Business” Defense to a Preference Action
(DBN)

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Hotels:

Ex-Hilton to officially become Wyndham Grand, judge rules
(DBN)

PB Capital appointed receiver at $84 million Midtown hotel and condo foreclosure
(DBN)

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Video Rentals:

Blockbuster Creditors Seek Icahn Investment Documents in Bankruptcy Probe
(DBN)

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Baseball:

Scott Boras Surrounded by Controversy for Allegedly Supplying Loans and Payments to Poor Dominican Prospects
(DBN)

Greenberg's role in Rangers bankruptcy case irked federal judge
(DBN)

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Pensions:

Pensions case could shift creditor rankings
(DBN)

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Debt Collection:

Bill Bartmann optimistic about new CFS II
(DBN)

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Lehman:

Barclays Transfers From Lehman May Break Law, SEC Says
(DBN)

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Sporting Goods:

Schutt Sports Seeks Auction With $25 Million Lead Bid
(DBN)

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Municipalities:

Hamtramck bankruptcy would cost entire state
(DBN)

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Health Care:

Laser Eye Center of Hawaii Files for Bankruptcy , Announces Closure
(DBN)

'Half of Americans' Facing Diabetes by 2020
(DBN)

Bankruptcy judge orders auction of Kentwood Pharmacy property
(DBN)

Moody's predicts uncertain future for New Jersey hospitals
(DBN)

Skilled Healthcare's $677 million verdict to be officially dropped to $50 million with settlement
(DBN)

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Distressed Investing:

Investors look beyond GM for post- bankruptcy buys
(DBN)

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Economy:

GDP report: Economic growth picks up steam
(DBN)

Divided Fed Lowered Growth Forecasts
(DBN)

Bernanke Reviews Fed Communications Amid Backlash on Purchases
(DBN)

Fed Weighing Major Shift in Its Approach to Inflation
(DBN)

Central Atlantic Manufacturing Activity Increases
(DBN)

Corporate Profits Were the Highest on Record Last Quarter
(DBN)

Treasury's Massad Says 'Successful' GM IPO Lowered TARP Costs
(DBN)

Treasury gets $11.7 billion from GM stock sale
(DBN)

Treasury: TARP Money Returned to Taxpayers Exceeds $250 Billion
(DBN)

Why the federal deficit reminds me of Enron
(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:

Sales of Existing Houses Fell More Than Forecast in October
(DBN)

Michigan existing home sales fall 23.3% in October from 2009
(DBN)

Foreclosure Hearings Show Homeowners Who in Washington Cares
(DBN)

Homeowners Get Out of Paying Mortgage
(DBN)

Free Mortgage? Not So Fast
(DBN)

Morgan Stanley view political will to fix housing as scarce
(DBN)

Regulators Taking Ostrich Approach to Foreclosure Mess
(DBN)

Despite Promises, Banks Still Leave Homeowners Facing Foreclosure Out in the Cold
(DBN)

Review of foreclosure paperwork process finds 'widespread' and 'inexcusable' breakdowns, Treasury official says
(DBN)

Foreclosure Detectives Hunt for Lies
(DBN)

Robosigning and Evidence
(DBN)

The Story of Countrywide's Mortgage Practices Keeps Getting Uglier
(DBN)

Home price declines becoming more likely
(DBN)

Home sales in central Ohio, state down more than 30 percent in October
(DBN)

FTC Passes New Foreclosure Rules for Struggling Home Owners
(DBN)

Mediation urged to limit foreclosures
(DBN)

Who owns your mortgage?
(DBN)

Eviction turns into deadly shooting in South Beach
(DBN)

Legal challenges to foreclosure middleman are mounting
(DBN)

Class Challenges Foreclosures in Chicago
(DBN)

Residents Call on Wells Fargo to Freeze Foreclosures
(DBN)

Bank of America Fined for Harassing Ex-Homeowners
(DBN)

Freddie Mac says to hike fees on some US mortgages
(DBN)

The Ultimate Mortgage Fraud Anecdote
(DBN)

Hidden Victims of Mortgage Meltdown
(DBN)

Why MERS Needs to Be Taken Out and Shot
(DBN)

Moody's downgrades 272 tranches of RMBS issued by Countrywide
(DBN)

Miami's 'Condo King' Perez Perseveres After Losses
(DBN)

What if we turned Vegas' empty homes into works of art?
(DBN)

Paterson backs Statler effort
(DBN)

Understanding the Housing 'Walk Away' Threat and Measuring Its Risk
(DBN)

C-Bass Tells Top Executives to Cut Bait
(DBN)

Intracoastal Realty president files for bankruptcy protection
(DBN)

Foreclosed 1000-acre property sold in Austin
(DBN)

Creditors start foreclosure on Greenwood Village's troubled Landmark
(DBN)

Real Estate Investors Look to the Future, and See Signs to Buy Apartment Towers
(DBN)

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Aviation:

Poll: Most fliers bothered or angered by TSA pat-downs
(DBN)

For Air Travelers, Small Affronts Start to Add Up
(DBN)

Poll: Americans Support Airport Body Scanners
(DBN)

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Banking:

Banks Post $14.5 Billion Profit, Smallest Since 2009
(DBN)

FDIC adds banks to its 'problem list'
(DBN)

FDIC Sees Further Progress by Banks
(DBN)

Number of Problem Banks Still Growing
(DBN)

Small banks, big problems
(DBN)

Large Banks Still Have Financing Advantage
(DBN)

Basel 3 pushes cost of securitization, as banks face capital shortfall
(DBN)

Why Do Bank Results Slump in the Fourth Quarter?
(DBN)

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Fraud:

Wellington Said to Get Document Request From US in Insider-Trading Probe
(DBN)

More Firms Pulled Into Insider Probe
(DBN)

Former Prosecutors Talk Wiretaps, Martha, Galleon, More
(DBN)

Janus Capital: We've Been Roped into the Insider Trading Probe
(DBN)

Analyst Tells Why He Rebuffed the F.B.I.
(DBN)

The Insider Trading Probe’s Link to ‘The Producers’?
(DBN)

Meet the New Hedge Fund in the Insider-Trading Probe: Balyasny
(DBN)

Is Insider Trading Everywhere?
(DBN)

Feds turn up heat on Wall St., raid 3 hedge funds
(DBN)

Feds Raid Hedge Funds – Business As Usual
(DBN)

An Old Debate Reprised: Should Insider Trading Be a Federal Crime?
(DBN)

FBI takes a stab at soft hedge fund tissue
(DBN)

Hedge Funds Lawyering Up
(DBN)

Refco Can't Sue Insiders for Assisting in Fraud
(DBN)

Fugitive CEO to Pay $53 Million
(DBN)

Hecker attorney says he didn't know anything about possible wedding
(DBN)

UBS Sued for $2 Billion in Lawsuit by Madoff Trustee Picard Claiming Fraud - The Complaint
(DBN)

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Utilities:

Boston Generating Seeks Exclusivity Extension
(DBN)

Boston Generating, Creditors Spar Over Company Valuation
(DBN)

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New Bankruptcy Opinions
(2 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:

Texas Rangers, Abitibi, WaMu, Lehman: Bankruptcy
(DBN)

BankUnited, Schutt, Orleans, Banning Lewis, Abitibi: Bankruptcy
(DBN)

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Bankruptcy Reform:

Bankruptcy Bills Update
(DBN)

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Lehman:

Lehman, Barclays Send Billion-Dollar Battle to Bankruptcy Judge
(DBN)

Lehman Brokerage Trustee Claims $7 Billion From Barclays in Asset Dispute
(DBN)

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Newspapers:

Tribune Judge OKs More Disclosure in Creditor Suit
(DBN)

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Celebs:

So now the Kardashians Are Financial Role Models?
(DBN)

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Bankruptcy Crimes:

FBI informant Solomon Dwek's partner admits concealing $82K from bankruptcy trustee
(DBN)

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Autos:

Obama's GM 'success story' still a losing deal
(DBN)

Obama, Geithner praise GM IPO
(DBN)

Obama Includes Toyota, Hyundai and Kia in 75000 Jobs “Created” by GM Bailout
(DBN)

Saudi prince snaps up 1% stake in GM
(DBN)

S&P Advises Hold on GM Stock
(DBN)

Will GM connection hurt Altman?
(DBN)

Doctors top Realtors looking to get out of auto leases
(DBN)

Fed Trims Outlook on Growth, Jobs
(DBN)

Cerberus Capital Looks to Sell Chrysler Financial
(DBN)

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Corporate Reform:

GOP Wants 'Rigorous' Oversight Of Consumer Agency
(DBN)

GOP Lawmakers: Elizabeth Warren's
(DBN)

Bank On It: Republicans are Gunning for the Consumer Financial Protection Bureau
(DBN)

A tale of two Oklahomans: Frank Keating and Elizabeth Warren
(DBN)

Republican Strategy to Reform the Consumer Finance Watchdog
(DBN)

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Environmental:

Tronox to pay $270M for contaminated site cleanup
(DBN)

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UK:

Why we have to help the Irish
(DBN)

The financial truth hurts Ireland
(DBN)

Fergie set to clear £5m debts
(DBN)

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EU:

European markets sink as Germany warns of 'serious situation' for euro
(DBN)

European stress tests weren't worth the paper they were written on
(DBN)

Fears of Domino Effect Pervade Europe
(DBN)

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PIGS:

Irish Rescue Accord Turns Investors' Focus to Spain, Portugal: Euro Credit
(DBN)

Cowen Resists Resignation Calls
(DBN)

Irish Leader Beats Back Early Move To Oust Him
(DBN)

Solving the Irish Crisis
(DBN)

Political chaos engulfs Ireland, threatens bailout
(DBN)

Irish banks’ rescue presages radical surgery
(DBN)

The Irish crisis: More socialism for the rich, more capitalism for the rest of us
(DBN)

Wanna buy an Irish bank?
(DBN)

Bank of Ireland Falls on Concern State May Take Majority Stake in Bailout
(DBN)

Belfast 'banker's union' to meet
(DBN)

Irish banks are 'up for sale'
(DBN)

A bit of bankruptcy could aid Ireland
(DBN)

Spain’s deficit gain fails to ease bail-out fears
(DBN)

Spain's Borrowing Costs Soaring on Debt Issues
(DBN)

IMF's Lipsky Says Facilities Exist to Help Portugal
(DBN)

Spain is Europe's Lehman-in-waiting
(DBN)

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Germany:

Kirch Told to Prove Ex-Deutsche Bank Chief Sparked Bankruptcy
(DBN)

German business confidence rises in November
(DBN)

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Middle East:

Emirates builder files for bankruptcy
(DBN)

UAE White Bay Developer Seeks Bankruptcy After Half Its Buyers Default
(DBN)

After crisis, Dubai refocuses while tackling debts
(DBN)

TIBC’s Bahrain Lawyers Can’t Void U.S. Rulings
(DBN)

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Mexico:

Vitro Extends Pre- Bankruptcy Debt Exchange to Dec. 7
(DBN)

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Australia:

The bankrupt CEO and one 'hell of a secret'
(DBN)

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Canada:

Former partners Nortel, BreconRidge in court fight
(DBN)

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