November 30, 2010

The Daily Bankruptcy News

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Law:

The Boies Schiller Three: An Update
(DBN)

Andrews & Kurth Names New Bankruptcy Partners
(DBN)

Bonus Watch: Weil Will Match (But Won’t Pay ‘Distinguished’ Bonuses Going Forward)
(DBN)

Bankruptcy Judge Slashes Nearly $75,000 From Firm's Fee Request
(DBN)

Judge appoints bankruptcy trustee for McKenna law firm
(DBN)

Judge sanctions attorney, law firm in Monroeville case
(DBN)

Starting Pay for UK BigLaw Attorneys Down 10% Since ‘09, Bonuses Rise, Says PwC Survey
(DBN)

Staff Layoffs Could Happen as Firms Struggle to Pump Up Profits
(DBN)

Revenue Flat for Most National Firms
(DBN)

Very Quietly, Nixon Peabody Launches 'Second Opinion' Practice
(DBN)

Jumping In(House): Strings Attached
(DBN)

Former workers say DJSP, David J. Stern failed to notify them of mass layoffs
(DBN)

Wachovia Faces Trial in Lawyers' Suit Over Headquarters Loan
(DBN)

Libel Case Reveals How Manatt Received Controversial Jamaica Work
(DBN)

Federal Lawyers: Hope You'll Still Enjoy Your 2010 Salary in 2012
(DBN)

Thomson Reuters Competes With Its Customers?
(DBN)

Dueling Sanctions Requests Filed Over Self-Help Docs for Illegal Downloaders
(DBN)

Inside Straight: Vive La Différence
(DBN)

Lawyer's Misconduct Leads to $44 Million Award Being Scrapped
(DBN)

Lawyer Disbarred For Bizarre Lies
(DBN)

Fox Rothschild Opens DC Office with 2 Dilworth Lawyers, Plans 20-Plus Lawyers
(DBN)

Lawyer Loses Malpractice Claim Against BigLaw in His Divorce
(DBN)

Is Your Alternative Fee Agreement Against The Law?
(DBN)

Ethics Complaint Accuses Chicago Partner of Groping Employees, Taking Off His Pants
(DBN)

Predictive Coding Software Helps Morgan Lewis Review Millions of Pages in 1 Month
(DBN)

Finalists selected for Daily Business Review's sixth annual Most Effective Lawyers
(DBN)

UK Moves to Block US Lawyers From Immigrating
(DBN)

Madoff, Credit Suisse, HP, CBA, UBS in Court News
(DBN)

Multimillionaire Spent Minimally as His Guardians, Trustees, Lawyers & Others Got $50M
(DBN)

Not OK in OK: Judge Permanently Halts Measure Banning Shariah Law
(DBN)

Globalization: Law schools get serious
(DBN)

Leaps Forward From the Typewriter to the iPad
(DBN)

Hey Lawyer! New iPad? Get These Apps First
(DBN)

Ten Gift Ideas for a Geeky Lawyer
(DBN)

Jail is ‘Like Freedom,’ Ex-Lawyer Says, Now That She’s Facing Her Addiction and Depression Issues
(DBN)

What Would Willie Do?
(DBN)

"A New Motivational Exercise"
(DBN)

Anchor Drop Lands Cruise Passenger In Brig
(DBN)

Sunshine No Longer Free
(DBN)

______________

Judges:

Judge in Tribune Co. bankruptcy being pushed to his limits
(DBN)

Former Justice John Paul Stevens Criticizes Death Penalty
(DBN)

Judges Make List of Top 10 High-Paying Jobs With No Future
(DBN)

So You Want to Be a Judge? Have You Thought About Nursing School?
(DBN)

Judge Perks: Luxury Cars, Law Firm-Financed Trips
(DBN)

Ex-Judge Disbarred After Bribery Conviction
(DBN)

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Courts:

Are the Airport Full-Body Scanners Coming to Courthouses?
(DBN)

'Taj Mahal courthouse' lives up to billing
(DBN)

______________

Wall Street:

Wall Street Set For Lower Open
(DBN)

Why the Stock Market Isn't Fair
(DBN)

For Wall Street: A Loyalty Oath---to Main Street
(DBN)

______________

Layoffs:

Federal workers rage over President Obama's two-year wage freeze
(DBN)

The Administration's 'Communication Problem'
(DBN)

With Federal Benefits Set to Expire, Unemployed Workers Face Shrinking Safety Net
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Symphonies:

Louisville Orchestra could be headed for bankruptcy
(DBN)

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Healthcare:

Judge approves auction of Kentwood Pharmacy assets following federal raid
(DBN)

Congress Delays Medicare Cuts
(DBN)

Panel Widens Probe of Bare-Bones Health Plans
(DBN)

Steep Rise in H.M.O. Costs
(DBN)

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Horses:

Gastar Exploration Announces Court Approval of Litigation Settlement Agreement
(DBN)

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Credit Cards:

More than 8 million drop out of credit card use
(DBN)

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Compensation:

US Bank Pay Practices 'Worsen,' Investor Study Finds
(DBN)

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Food/Drink:

Foster Farms Dairy acquires assets of Matterhorn Group's frozen desserts plants
(DBN)

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Golf:

Ridgefields set to go on auction block
(DBN)

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Pensions:

PBGC's Deficit More Than Doubles In Two Years, To $23 Billion
(DBN)

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Education:

Ex-Admissions Officer at For-Profit College Testifies About School’s Tactics
(DBN)

______________

 

Economy:

Obama to Freeze Pay for Most Federal Workers for 2 Years
(DBN)

Proposing pay freeze, Obama aims to seize initiative on economy
(DBN)

Slush Fund:Under Obama Freeze Proposal, Federal Pay Raises Would Continue
(DBN)

Dem Leader Hoyer: Military should also see pay freeze
(DBN)

Obama, Republicans In Tax Face - Off At White House
(DBN)

Balanced Budget Will Take Decades to Achieve
(DBN)

15 Facts About Wealth Inequality in America
(DBN)

Multigenerational family households on rise, data show
(DBN)

US to pay $25 billion for TARP, CBO says
(DBN)

Stimulus Exempted Big Polluters From Environmental Oversight
(DBN)

Economists' Grail: A Post-Crash Model
(DBN)

Dem Group Would Eliminate Social Security for Wealthy
(DBN)

A Winning Economic Strategy for the G.O.P. - Invest in the Young
(DBN)

National Fiscal Hypocrisy Week
(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:

What Happened to the Government's Short Sales Program?
(DBN)

BofA Mortgage Morass Deepens After Employee Says Trustee Didn't Get Notes
(DBN)

US bankruptcy judge doubts bank foreclosure attempts
(DBN)

Foreclosure-gate and the injustice of lawyer regulation
(DBN)

Fannie Mae serious delinquency rate drops annually for first time since 2007
(DBN)

Home Prices in 20 US Cities Probably Cooled in September as Sales Fell
(DBN)

Banks Resisting Fannie, Freddie Demands to Buy Back Mortgages
(DBN)

Commercial Property Vacancies in US Near Peak, Realtors Association Says
(DBN)

Word for Word: That Bank of America Exec's Testimony on Countrywide Mortgage Docs
(DBN)

Phoenix home sales fall 24.6% in October
(DBN)

Ginnie Mae doubles net worth requirement for multifamily program
(DBN)

Developer Dan Stanbrough files four bankruptcy petitions
(DBN)

Dancing Bear bankruptcy survives judge's scrutiny
(DBN)

Mortgage modification rules issued
(DBN)

_____________

Mobile Homes:

Palm Harbor Homes Files for Bankruptcy Protection With Plan to Sell Assets
(DBN)

______________

Corporate Reform:

The Economics and Politics of Elizabeth Warren
(DBN)

Consumer Watchdog Shows Her Teeth
(DBN)

Fed's Bullard `Concerned' About Funding for New Consumer Protection Bureau
(DBN)

US Confirms Wall Street Criminal Probe
(DBN)

Visited By FBI in Big Insider-Trading Probe, Researcher Explains ‘Why I Chose Not to Wear a Wire’
(DBN)

Insider trading scandal has mutual funds nervous
(DBN)

Gerson Lehrman Group May Be Drawn Into Insider-Trading Probe
(DBN)

Insider trading probe spawns fear and loathing on Wall Street
(DBN)

Steven Rattner Gives 'His Side' of Pay-to-Play Story
(DBN)

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Derivatives:

Wall Street Shrinks From Credit Default Swaps Before Rules Hit
(DBN)

______________

Shipping:

Baltic Index Drops a Third Session as Fleet Growth Lowers Rates
(DBN)

_____________

Mass Torts:

Blown Off 3 Times, Feds Subpoena Transocean for Safety Records
(DBN)

Asbestos defendant seeks $1M in legal fees in fraud case
(DBN)

______________

Autos:

GM will return to golf sponsorship
(DBN)

Toyota Joint Venture Sues GM Estate
(DBN)

______________

Gambling:

With OTB under threat of shutdown, New York legislature goes into special session
(DBN)

______________

Carpet:

Remnant Room Liquidates Carpet King Stores
(DBN)

______________

Lehman:

The king of sub-prime
(DBN)

Barclays Urges Bankruptcy Court to Throw Out SEC Claim on Lehman Transfer
(DBN)

______________

Celebs:

Quaid: Wife and I would be dead if not for Canada
(DBN)

Antoine Walker plans to sign with D-League's Idaho Stampede
(DBN)

Dark Times Befall 'Painter Of Light' Thomas Kinkade
(DBN)

______________

Resorts:

Tamarack owner: Credit Suisse motives 'senseless'
(DBN)

______________

Retailing:

Web and in-store sales strong
(DBN)

Improving Holiday Sales Reflect Economic Recovery
(DBN)

______________

Sporting Goods:

Bankruptcy judge approves auction for Schutt Sports
(DBN)

______________

Debt Collection:

Boom in Collection Suits Threatening to Clog Some Courts
(DBN)

Creditor Had No Duty to Tell Customer His Co-Debtor Was Bad Risk
(DBN)

______________

Accounting:

Sri Lankan Accountants Lure Global Outsourcers
(DBN)

______________

Corporate Governance:

Court's Curious Decision on Airgas
(DBN)

______________

Avoidance Actions:

Equitable Subrogation as a Defense to a Preference Action? Maybe…But Don’t Bank on It!
(DBN)

______________

Tax:

Overpaid Taxes Need Not be Turned Over to the Estate Under Section 542(a)
(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)

______________

Miscellaneous:

WaMu, Palm Harbor, Vitro, Trico Marine, Point Blank: Bankruptcy
(DBN)

Lehman, Trico, Mesa Air, Chem Rx, Old GM: Bankruptcy
(DBN)

Emerging-Market Debt Set for Worst Month Since 2008 on Europe, Korea Risks
(DBN)

______________

Bankruptcy Statistics:

W. NY region's bankruptcy filings fall sharply
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Litigation:

Federal rule change barring discovery of experts' drafts will have particular impact in bankruptcies
(DBN)

______________

Newspapers:

Tribune Judge May Rewrite Reorganization Documents
(DBN)

American Media Chapter 11 Financing Approved by Judge
(DBN)

______________

Limos:

Limo Maker Drives Toward Asset Sale
(DBN)

______________

Politics:

At least a dozen House newcomers plan to sleep in their offices
(DBN)

______________

Fraud:

Wiretaps Said to Widen Insider Inquiry
(DBN)

Just Tidbits, or Material Facts for Insider Trading?
(DBN)

Rattner Assails Cuomo Offer
(DBN)

Diamondback Hedge Fund Gets US Grand Jury Subpoena
(DBN)

______________

Ethics:

MBA Candidates Who Have Essays Written for Them ‘Are Not Trying to Be Unethical’
(DBN)

______________

Insurance:

Ambac Requests That Standard and Poor's Withdraw Its Ratings
(DBN)

______________

Alter Ego:

Ownership requirement for alter ego liability met by equitable ownership in trust
(DBN)

______________

Aviation:

Japan Airlines Wins Court Approval for Turnaround Plan Backed by Lenders
(DBN)

Back to the Costly Skies
(DBN)

______________

Hollywood:

Feds set to approve MGM bankruptcy plan
(DBN)

Icahn Names Former Winston & Strawn Lawyer to Dissident Lions Gate Board
(DBN)

______________

Banking:

The Overlooked Gem Inside Citigroup
(DBN)

No AmericanWest bidders found
(DBN)

PE and Bank Acquisitions: On The Outside Looking In?
(DBN)

Many opt-in to overdraft charges
(DBN)

______________

Municipalities:

Bankruptcy for states? It's being discussed
(DBN)

The Alternative to Bailing Out States
(DBN)

`Real Bad' Cash Jam May Force Michigan Towns to Borrow or Default by March
(DBN)

Chicago suburban fire and police pensions underfunded by $5 billion
(DBN)

______________

Distressed Investing:

‘Twilight’ Memo: Tom Barrack’s Most Embarrassing Moment
(DBN)

Rialto Raises $300 Million For Distressed Investment
(DBN)

______________

UK:

Cattles Investors Will Get Payout for Backing Plan
(DBN)

Diamond Parries Attacks on Pay at Barclays With Vow to Earn Public's Trust
(DBN)

Winding Up Petitions - 29th November 2010
(DBN)

______________

EU:

The Eurozone Bankruptcy Queue
(DBN)

EU Bailout Plans Fail to Bring Calm
(DBN)

Splits in Euro Zone Emerge Amid Debt Crisis
(DBN)

Just Do It
(DBN)

Europe’s Crisis of Liquidity
(DBN)

Euro Near Two-Month Low, Bond Risk Rises on Risk Europe Crisis Will Spread
(DBN)

Euro Weakens, Italian Bonds Decline on Contagion Concerns; Stocks Rebound
(DBN)

Oil Falls on Speculation European Union May Have to Bail Out More Members
(DBN)

Europe Inflation Holds Steady; Jobless at Highest in 12 Years
(DBN)

______________

PIGS:

Greece Wins EU Pledge for 4 1/2-Year Extension to Repay Emergency Loans
(DBN)

Did Ireland Really Get Reamed Worse Than Greece In Bailout Deal?
(DBN)

Ireland's EU Rescue Fails to Stem Contagion as Spain Bonds Drop
(DBN)

Ireland's Honohan Says No 'Holes' Found in Country's Lenders
(DBN)

Anglo Irish Brand to Disappear Within Months, Says Central Bank
(DBN)

Ireland Bailout Helps Banks, Inflames Public
(DBN)

Ireland: From rags to riches to rags
(DBN)

Euro Periphery Hammered, Portugal Warns on Banks
(DBN)

ECB Tried to Force Ireland Rescue, Pressure Now on Portugal, Minister Says
(DBN)

______________

Germany:

German Unemployment Falls to Lowest in 18 Years
(DBN)

______________

Mexico:

Vitro to Vote $1.9 Billion of Loans to Win Passage of Debt Offer
(DBN)

______________

Japan:

40% Of Firms Filing Under Corporate Rehab Law Go Under
(DBN)

______________

India:

India's Economy Expands 8.9 Percent
(DBN)

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