October 13, 2010

The Daily Bankruptcy News

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Law:

Lawyer Introductions Led to $550K Fine for Manatt Phelps in N.Y. Pension Fund Case
(DBN)

Labor Report Cites Rise in Nontraditional Jobs for Lawyers, Good Paralegal Prospects
(DBN)

Associate Morale Survey Results
(DBN)

Choosy law firms raise the bar for applicants
(DBN)

Steptoe & Johnson Wins Great Hamburger War
(DBN)

McDermott Will To Take 165,000 SF on Capitol Hill
(DBN)

Fed Lawyer Heading to Wachtell
(DBN)

Shifting Away from Billable Hours...Eventually
(DBN)

Report predicts hiring boom for lawyers who think outside the box
(DBN)

Freshfields enters the fray as Liverpool court battle kicks off
(DBN)

Malpractice Suit Against Weil Gotshal Remanded to Missouri State Court
(DBN)

K&L Gates, Thompson & Knight Sued Over Sunwest Roles
(DBN)

Supreme Court Denies Review of Sonnenschein's Dispute With Former Partner
(DBN)

Treasury Taps 13 Law Firms to Help Run TARP
(DBN)

Attorney Tiffany S. Franc Joins HPK’s Bankruptcy Group
(DBN)

David J. Stern, the Florida Foreclosure King, Is Under Investigation — and Doing Layoffs
(DBN)

High Court Superstars Take Shots in Vaccine Case
(DBN)

Firm Bars the Doors: Enforces 90-Day Notice Period on Partners Who Want Out
(DBN)

Unsexy Jobs
(DBN)

Grand Jury Probe of $48M ‘Taj Mahal’ Courthouse Goes Nowhere
(DBN)

A Sign of Improvement in the Chicago Legal Market?
(DBN)

Foreclosure Suits, Citigroup, BP, RBS, in Court News
(DBN)

Conservative Commentator Ann Coulter Hated Law Firm ‘Suck-Uppery’
(DBN)

Lawyer for POM Wonderful Facing Sanctions
(DBN)

Court of Appeal Says Lawyer Must Repay Firm’s Costs of Defending His Conduct
(DBN)

The Classmates.com class action settlement rip-off
(DBN)

27-point legal checklist for "any man who dares to have sex"
(DBN)

If You Hire Miami Law Students, The School Will Pick Up The Bill
(DBN)

The Princeton Review Law School Rankings Are Out. Find A Category to Make Your School Look Awesome.
(DBN)

U.S. News Insanity: Ranking as Faculty Hiring Litmus Test
(DBN)

Don't Believe the Hype. Women Are Still a Minority of Law Students.
(DBN)

"The Good Wife" - Deposition as "talking"
(DBN)

Worst Lawyer Website Bio Photo EVER
(DBN)

Post-Firm Party Accident Leads To Sanction
(DBN)

Questions Not to Ask Police
(DBN)

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Judges:

Friends Wonder if Head Injury Caused Federal Judge’s Alleged Aberrant Behavior
(DBN)

Embattled Judge Defends Court Audience Chant, But Apologizes for Calling Staffers ‘Vegetables’
(DBN)

Justice Thomas and His Wife
(DBN)

Ginni Thomas Is Right’s New Rising Star, Raising Recusal Issues for Her Husband
(DBN)

Washington Post Style Writer Critiques Justices’ Black Robes
(DBN)

$500K Bond Stays for Former Judge Facing 52 Felony Sex Charges
(DBN)

Ginsburg, Sotomayor Dissent from Cert Denial in Bumper-Sticker Ejection Suit
(DBN)

Judge Rapped, Should Have Stepped Aside Before Going to Lunch With PD, Official Argues
(DBN)

Magistrate's Greatest Hits
(DBN)

______________

Wall Street:

Stock Futures Point to Higher Open on Wall Street
(DBN)

Economy Stinks: Why is the Market Happy?
(DBN)

US bankers set for record pay and bonuses for second year
(DBN)

Hail Mary, Full of Hubris!
(DBN)

Wall Street feeling some of Main Street's economic woes
(DBN)

Jobs and Taxes Are Main Stresses on Wall Street
(DBN)

What Wall Street Wants from New Congress
(DBN)

______________

Layoffs:

GE Gets $25M in 'Stimulus,' Cuts 18,000 Jobs
(DBN)

Young, Educated, and Unemployed: A New Generation of Kids Search for Work in their 20s
(DBN)

Conference Board: More Job Losses Possible
(DBN)

Job Losses Will be Worse Than Thought
(DBN)

Fed Easing No Fix for High Unemployment With Too Few Mechanics
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Hollywood:

MGM's Challenge in a Prepackaged Bankruptcy
(DBN)

Icahn, Carl Icahn
(DBN)

Icahn blesses Lions Gate's plan to combine with MGM
(DBN)

Even Hollywood wouldn't buy MGM script
(DBN)

Some Thoughts on the MGM Prepack
(DBN)

______________

Envelopes:

Envelope company to close
(DBN)

______________

Gambling:

HBOS loses millions on Vegas casino
(DBN)

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

______________

Autos:

Prospective GM investors have U.S. over a barrel
(DBN)

GM workers get chance to buy stock in public sale
(DBN)

Locals cool toward GM IPO
(DBN)

______________

Fraud:

Petters Trustee Goes After Ritchie Capital for $21M
(DBN)

Petters 'clawback' lawsuits disputed
(DBN)

Where the Fraud Is
(DBN)

US church financier faces Ponzi scheme trial
(DBN)

Charges possible in Denver Ponzi case
(DBN)

Just looks like a confession, lawyers say
(DBN)

Madoff’s Palm Beach Mansion In Contract
(DBN)

Hedge Fund Sees 'Egregious Fraud' At Broadcaster
(DBN)

Trustee Says Hecker Is 'Stealing' Taxpayer Money
(DBN)

______________

Consultants:

Hilco Promotes Joe Malfitano to Deputy General Counsel
(DBN)

______________

 

Economy:

Across the U.S., Long Recovery Looks Like Recession
(DBN)

Debt market strips U.S. of triple-A rating
(DBN)

Fed Officials Were Prepared to Ease `Before Long,' Minutes Say
(DBN)

Fed's Hoenig: Economy Needs Rate Hikes, Not Fresh Fed Support
(DBN)

Where’s all that government spending we keep hearing about? It never happened.
(DBN)

Inflation to Fall Short of Fed's Goal Through 2012, Survey Says
(DBN)

Buffett: Recession to be Felt Long Time
(DBN)

Minutes Show Fed Leaning Toward New Stimulus
(DBN)

Japan set to pass China as largest US creditor
(DBN)

How to Fall Out of the Middle Class
(DBN)

The Age of Austerity
(DBN)

85% Angry With Economy
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Foreclosures in 30 Seconds Get Time Out as Florida Courts Hit a Fraud Wall
(DBN)

New York's Cuomo expands foreclosure probe
(DBN)

Florida Attorney General Seeks Meetings With Mortgage Lenders
(DBN)

California to join multistate inquiry of foreclosures by banks
(DBN)

Indiana takes aim at sloppy foreclosures
(DBN)

Maryland Governor requests 60-day foreclosure moratorium
(DBN)

Banks Pressed by Attorneys General to Halt, Fix Foreclosures
(DBN)

Geithner Says Foreclosure Moratorium Would Be 'Very Damaging'
(DBN)

GMAC Mortgage Expands Review of Its Foreclosures
(DBN)

Despite foreclosure halt, mortgage crisis not over
(DBN)

Do we need a foreclosure moratorium? And other dilemmas
(DBN)

Obama administration would reject foreclosure freeze
(DBN)

Little-Known MERS Faces Big Challenges in Foreclosure Battle
(DBN)

Robo-Signers: Mortgage Experience Not Necessary
(DBN)

Banks should hire to solve foreclosure crisis
(DBN)

States Aim to Force Changes in Foreclosure Process
(DBN)

Chase, BofA, Wells have most loans in foreclosure
(DBN)

Wells Fargo: No plans for foreclosure moratorium
(DBN)

Will JPMorgan face facts on foreclosures?
(DBN)

Document Questions Cloud Recovery
(DBN)

Foreclosure Fraud 101: Why Are Servicers So Bad at This Job?
(DBN)

Despite freezes, foreclosures pile up
(DBN)

A foreclosure mess of their own design
(DBN)

Foreclosure logjam threatens Fannie, Freddie
(DBN)

Pain in banks' Fannie
(DBN)

HUD’s Donovan: National Foreclosure Moratorium Risks ‘Going Too Far’
(DBN)

Ex-Taylor Bean Chairman Wants to Remove Ankle Monitor
(DBN)

Are We Headed for Housing Armageddon?
(DBN)

Short sales: let the agent beware
(DBN)

Why Home Buyers Aren't Buying
(DBN)

Homeowner makes lawn-wide sign in foreclosure fight
(DBN)

Property Experts See More Sales In 2011: Survey
(DBN)

Mortgage Flaws May Lead Investors to Challenge $1.3 Trillion of Securities
(DBN)

Lenders Beware: Environmental Conditions at Distressed Property Pose Risks for Foreclosing Lenders
(DBN)

30-year FRM rates hit record low for fourth consecutive week
(DBN)

CW Capital delays StuyTown auction
(DBN)

63% of Americans do not want to buy a home
(DBN)

_____________

Corporate Reform:

Dodd Backs Warren for Consumer Bureau, but...
(DBN)

FDIC Approves Interim Rule to Prevent Repeat of Lehman
(DBN)

FDIC proposes rule on creditor claims under Dodd-Frank
(DBN)

How Dodd-Frank and other new US laws may affect non-US financial institutions
(DBN)

______________

Newspapers:

Tribune Co. reports progress in resolving bankruptcy
(DBN)

Tribune Says Creditors, Banks Settle Dispute With $420 Million Pledge
(DBN)

When it rains it pours: More bad press for Tribune
(DBN)

Tribune Co. executive concedes 'poor judgment' for sending racy videos to workers
(DBN)

______________

Elder Debt:

Credit Card Debt Blamed For Surge In Elder Bankruptcy
(DBN)

More seniors spending golden years in bankruptcy
(DBN)

______________

Accounting:

FASB Proposes Debt Restructuring Reporting Change
(DBN)

______________

Insurance:

CLICO liquidator targeting some 118 companies
(DBN)

______________

Hotels:

Omni Detroit Hotel Closing
(DBN)

NY real-estate moguls hit exit on bitter terms
(DBN)

Investor in ex-Hilton plans full debt payoff
(DBN)

Blackstone Buys Debt From Hotels it Sold
(DBN)

______________

Municipalities:

Cities Face Half a Trillion Dollars of Pension Deficits
(DBN)

Cities Understate Pension Liabilities
(DBN)

Philly city pension funded only through 2015
(DBN)

California to Sell 24 Government Buildings
(DBN)

Report shows Mich.'s concern over Detroit finances
(DBN)

N.Y. Faces $200 Billion in Retiree Health Costs
(DBN)

Fast-growing US areas show big income drop
(DBN)

_____________

Video Rentals:

Blockbuster shareholders lawyer up
(DBN)

Blockbuster's year-to-date loss tops $150 million
(DBN)

______________

Health Care:

U.S. Ranks 49th in Life Expectancy, First in Health Care Costs
(DBN)

Sale of hospitals expected to close today
(DBN)

Financially sick hospital syndrome
(DBN)

UMass Memorial to Cut 350 Jobs
(DBN)

Diagnosing Medical Malpractice Coverage and Treatment in Health Care Chapter 11s
(DBN)

Why “House” is the True American Health Care Hero, And What To Do About It
(DBN)

Bold leap in care for the aged and disabled
(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:

Tribune, Blockbuster, Mesa, Thompson, Point Blank: Bankruptcy
(DBN)

Wind-Downs are Down But Not Out
(DBN)

______________

Litigation:

Fulbright's 7th Annual Litigation Trends Survey Report
(DBN)

Advisen Releases 3Q10 Corporate and Securities Litigation Report
(DBN)

Panel Urges Caution on Sanctions for Failure to Preserve Data
(DBN)

______________

Banking:

Warren: No More Tricks on Bank Profits
(DBN)

How Would US Liquidate Banks? FDIC Proposes Rule
(DBN)

Proposed rules mean losses for creditors
(DBN)

FDIC: All Creditors Must Expect Haircuts In Any Liquidation
(DBN)

Trial Begins in DataTreasury's $900 Million Case Against Bank of America
(DBN)

BankAtlantic Misled Investors, Lawyer Tells Jurors
(DBN)

JPMorgan 3rd-Quarter Earnings Rise to $4.4 Billion
(DBN)

Pandit Recruits Citigroup Army as Costs Erode U.S. Bank Margins
(DBN)

______________

Politics:

Rep. Chet Edwards attacks GOP challenger Bill Flores over company's 1992 bankruptcy
(DBN)

O'Donnell video: The tax man cometh
(DBN)

'Old Crony' New York GOP Senate Candidate Has Ponzi Scheme Links
(DBN)

______________

Retailing:

Discount Stores Crop Up in Manhattan’s Elite Neighborhoods
(DBN)

Dressing up: niche retail looks cheap as PE prowls
(DBN)

______________

Resorts:

Tamarack lawyer to judge: $2M loan is last chance
(DBN)

Auction date set for Daufuskie Island Resort & Breathe Spa
(DBN)

______________

Accounting:

Making Sense of Robert Half’s 2011 Salary Guide
(DBN)

Companies May Lose Right to Pick Auditing Firms Under EU Plans
(DBN)

______________

Religion:

Milwaukee Archdiocese seeks to settle abuse lawsuits
(DBN)

______________

Music:

Pennsylvania Academy of Music gets extension on bankruptcy plan
(DBN)

______________

Oil/Gas:

Clash of the titans
(DBN)

Lifting of Deep-Water Drilling Ban Fails to Win Praise for Obama
(DBN)

______________

Hedge Funds:

Hedge Funds Have a Strong September
(DBN)

______________

IP:

Perry donor's start-up firm got $4.5M without regional board's OK
(DBN)

______________

Horticulture:

Hines Nurseries LLC Files for Chapter 11 Protection
(DBN)

______________

Satellities:

Second Circuit stays DBSD North America plan
(DBN)

______________

Education:

Students help in bankruptcies
(DBN)

______________

UK:

Liverpool hostilities come to a head
(DBN)

U.K. Judge Backs Liverpool Sale Over Owners' Protest
(DBN)

Lim makes Liverpool bid
(DBN)

Karl Oyston's bankruptcy order has been annulled, say Blackpool
(DBN)

More charities 'likely to fold' following spending review
(DBN)

UK Jobless Benefit Claims Rose by the Most in Eight Months in September
(DBN)

Winding up Petitions 12th October 2010
(DBN)

Depression Avoided, but Nothing Fixed
(DBN)

______________

Canada:

Bankruptcies drop dramatically from last year
(DBN)

Bankruptcies falling, but Canadians not yet 'out of the woods': expert
(DBN)

Fasken Martineau DuMoulin mounts Calgary coup, including insolvency hire
(DBN)

______________

Australia:

Recommendations to reform Australia's insolvency framework
(DBN)

Legal aid for banned liquidator
(DBN)

______________

Ireland:

Irish Swap Finance for Food as Economy Returns to Rural Roots
(DBN)

______________

Italy:

Milan Court Orders Tanzi To Serve Prison Time
(WSJ: separate paid subscription required)

______________

France:

Sarkozy faces showdown over retirement reform
(DBN)

Pension protests escalate in France
(DBN)

______________

Ireland:

Aer Arann's examinership extended by Irish High Court
(DBN)

______________

Greece:

In Greece, Repayment Talk Drives Bonds
(DBN)

______________

China:

How Rising Wages Are Changing The Game In China
(DBN)

Chinese Exports Continue Surge in September
(DBN)

Chairman Mao Never Left Board as Communists Dominate China Inc.
(DBN)

______________

 

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