October 14, 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:

Foreclosure Probe Centering on ‘Robo-Signers’ at Law Firms
(DBN)

Waiting Game for Barnes & Thornburg Lateral Hires
(DBN)

Who Knew So Many Lawyers Love Liverpool?
(DBN)

Jackson Lewis Disqualified Over Deal With Class Representative
(DBN)

Leading firms vie for roles on first post-Lehman BarCap US roster
(DBN)

Bankruptcy Judge Reduces Attorneys Fees from $800,000 to $38,000
(DBN)

Bond Like the Big Boys
(DBN)

"Six Rules for Law Firm Dating"
(DBN)

You Got the Offer, So What's Negotiable?
(DBN)

Welcome to The New Normal
(DBN)

Law firms move to protect partner pay amid tax hikes
(DBN)

"Your Job Should Be Outsourced… Prove Me Wrong!"
(DBN)

Lawyer Disbarred for $3,500-an-Hour Fee and ‘Bizarre Behavior’
(DBN)

In-House Counsel Expect More Regulatory Litigation, Survey Finds
(DBN)

Ropes & Gray Moves Boston Office to Prudential Center
(DBN)

BigLaw Firm Denied Appeal to Supreme Court in Dispute With Ex-Partner
(DBN)

Breaking Tradition, Firm Puts a Price Tag on Its Pro Bono Work
(DBN)

Morgan Stanley Wins Skirmish in $245 Million Credit Default Swap War With Citigroup
(DBN)

BofA Loses Round Over Securities Class Action and Derivative Claims
(DBN)

2nd Circuit Affirms Stiff Sanction Against Attorney, Client Over Time-Barred Suit
(DBN)

Ethics Complaint Claims Lawyer Kept Mum About Mistaken $81K Deposit
(DBN)

Drowning in Law: A flood of statutes, rules and regulations is killing the American spirit
(DBN)

Law Firm Adds Insurance Subsidiary
(DBN)

New managing partner at McGinnis, Lochridge & Kilgore
(DBN)

Second Circuit Affirms Stiff Sanction Against NY Attorney, Client
(DBN)

HBO Announces Cast for Upcoming "Too Big To Fail" Film
(DBN)

Greed vs. Partnership
(DBN)

Ask the Old Cog
(DBN)

White & Case Adds 35 Attorneys to Partnership
(DBN)

Hopes for Collecting $1M for Streaking in front of Obama Could Shrivel
(DBN)

P--- Found by the Geek Squad Can and Will Be Used Against You in a Court of Law
(DBN)

Dozens Arrested in $100M Medicare Case Bust; Doctor & Patient IDs Allegedly Stolen
(DBN)

Penn Rated Best for Legal Career Prospects, But Brown Doesn’t Have Top Law Profs
(DBN)

Harvard Law School Will Now Hide GPAs (Or At Least Force Employers to Buy a Calculator)
(DBN)

Are Legacy Admissions Unconstitutional?
(DBN)

Couple Sue "Reckless" Diner Over Son's Hot Sauce Injury
(DBN)

Very effective assistance of counsel ...
(DBN)

______________

Judges:

Retired Judge to be Tried for Perjury, Admits Letting Witness Lie to Protect Paid Informant
(DBN)

‘CSI Effect’ Grips the U.S. Supreme Court
(DBN)

Supreme Court Clerk Hiring Watch: Over Half of October Term 2011 Clerks Have Been Hired
(DBN)

Former Judge Charged With 52 Felonies in Sex Attacks on Teen Faces Steep Bail
(DBN)

Judge Can't Write Letter Recommending Kid Be Allowed to Play Football
(DBN)

______________

Wall Street:

Stock Futures Little Changed Before Jobs Data
(DBN)

Dow Gains Ground on Broad Sector Rally
(DBN)

Investment Bank Profit Crumbles at J.P. Morgan
(DBN)

J.P. Morgan Cuts Pay at Its Investment Bank
(DBN)

______________

Layoffs:

Drilling ban's job impact less than feared
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

Ex-Car Czar Said to Settle With SEC in Pension Case
(DBN)

Elizabeth Warren Heads to Ohio, Hotbed for the Foreclosure Fraud Crisis
(DBN)

______________

Newspapers:

Tribune Co. bankruptcy judge extends filing deadlines
(DBN)

Tribune’s Lee Abrams, Deserving Scapegoat
(DBN)

______________

Hollywood:

Lions Gate offer values MGM at $1.6 billion-$1.8 billion: source
(DBN)

Lions Gate CEO calls MGM merger 'natural fit'
(DBN)

Carl Icahn and Lions Gate Won't Leave MGM Alone
(DBN)

______________

Aviation:

The Costs of Mexicana's Bankruptcy
(DBN)

______________

Cross-Border:

Section 365 of the Bankruptcy Code May Not Automatically Apply in a Chapter 15 Proceeding
(DBN)

______________

 

 

Economy:

The Recovery That Looks Like a Recession
(DBN)

Treasury 30-, 10-Year Securities Erase Losses on Fed Purchase Announcement
(DBN)

Don't Tax Rich, Tax the Really Rich
(DBN)

Americans See Children's Future Dim in Poll as 50% Pessimistic
(DBN)

Panel: Much of TARP work contracted out
(DBN)

Would Wage Cuts Help Get Americans Working?
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

US urges lenders to vet foreclosures but keep process moving
(DBN)

Obama resists call to halt foreclosures nationwide
(DBN)

Why Is the White House Against Freezing Foreclosures in the Face of Rampant Fraud?
(DBN)

Foreclosure auctions hit record
(DBN)

Bankers Ignored Signs of Trouble on Foreclosures
(DBN)

Layoffs of Perhaps 100 Follow Work Slowdown at Fla. Foreclosure Law Firm
(DBN)

Foreclosure Probe Could Force Reforms
(DBN)

Alabama joins national foreclosure investigation
(DBN)

Maine joins 50-state foreclosure investigation
(DBN)

Va. AG joins probe into foreclosure practices
(DBN)

Ga. joins states in probe into home foreclosures
(DBN)

Arizona joins multistate foreclosure investigation
(DBN)

DC joins national probe into foreclosures
(DBN)

MO Attorney General joins nationwide probe into robo-signing
(DBN)

Kentucky Joins 48 States in Foreclosure Probe
(DBN)

Miller: Foreclosure inquiry may help homeowners
(DBN)

Foreclosure Probe Won't Get Your House Back
(DBN)

FDIC's Bair says robo-signing points to incentives issue in mortgage servicing
(DBN)

Regulator tells Fannie, Freddie to crack down on mortgage servicers
(DBN)

Here's What Foreclosure-Gate Will Really Do to House Prices
(DBN)

JP Morgan: Going ‘Loan By Loan’ to Avoid Bad Foreclosures
(DBN)

Chase Acts to Broaden Foreclosure Reviews
(DBN)

JPMorgan Chase drops MERS as foreclosure agent, still uses system
(DBN)

Legalprise, the 'Google' of foreclosures, swamped with search requests
(DBN)

How costly is the foreclosure mess for banks?
(DBN)

Litton Loan Servicing confirms suspensions of some foreclosures
(DBN)

Bank Of America On Foreclosuregate: "Heightened Risk Of More Dismal Scenario"
(DBN)

Judge Throws Out Suit Over Countrywide Deal
(DBN)

Home-Loan Rates Would Lose at Limbo
(DBN)

The Short Sale Alternative
(DBN)

New Day for Home Builders
(DBN)

Homeowners' Robin Hood fights foreclosure giants
(DBN)

Evicted Family Breaks Into Their Former House
(DBN)

Foreclosure Delays: ‘Nail In The Coffin For Housing’
(DBN)

Navigating the Foreclosure Freeze: A Buyer’s Guide
(DBN)

How to help underwater homeowners
(DBN)

Report criticizes TARP contracts to Fannie, Freddie
(DBN)

The descent of Fannie Mae and Freddie Mac
(DBN)

Document Mess Hits Fannie, Freddie
(DBN)

Commercial Foreclosures Set to Rise to Demand
(DBN)

UBS Declines Legal Action Over Subprime Losses
(DBN)

U.S. Office Market Enters Early Recovery as Absorption, Demand, Vacancy All Point Up
(DBN)

_____________

Celebs:

'CHiPS' star files for bankruptcy
(DBN)

Troubled actor Wilcox files for bankruptcy
(DBN)

______________

Claims:

Multiple Claims Toward a Single Satisfaction: Interpreting the "Single Satisfaction" Rule with Respect to Bankruptcy Claims
(DBN)

______________

Municipalities:

With a receiver in place, talk of bankruptcy by Jefferson County commissioners isn't likely to jump-start stalled sewer settlement talks
(DBN)

______________

Accounting:

Appeal court rejects attempt to allow privilege for accountants
(DBN)

______________

Banking:

JPMorgan fails to ease investors’ anxiety
(DBN)

Bank Fees: Not As Bad As You Might Think
(DBN)

______________

Horticulture:

O.C. nursery files Chapter 11 bankruptcy
(DBN)

______________

Consultants:

Murray & Burnaman Opens Distressed Debt, Bankruptcy Advisory Firm
(DBN)

______________

AIG:

AIG Watch: Debt-for-Equity Swap, the Latest Gambit
(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:

Thompson, Bear Island, Trico, St. Vincent, Tribune, Daufuskie: Bankruptcy
(DBN)

______________

Autos:

GM Chairman Predicts $20 to $25 Share Price in IPO
(DBN)

Why General Motors is a Buy
(DBN)

All profit if GM workers take stock
(DBN)

'Quiet period' stock talk may not slow down GM
(DBN)

Buffett's China Car Company Loses 7 Factories
(DBN)

Cerberus's Tower IPO Poised for Profit After Losing Chrysler in Bankruptcy
(DBN)

______________

Insurance:

Allen Stanford Loses Bid for $100 Million of Lloyd's Directors Insurance
(DBN)

______________

Resorts:

Idaho Judge Keeps Tamarack in Suspense Over Loan
(DBN)

Developer Blixseth faces $57M tax bill in Montana
(DBN)

______________

Oil/Gas:

Get Some Money from BP? A Scammer Might Be Right Behind You
(DBN)

______________

Health Care:

U.S. to Let Insurers Raise Fees for Sick Children
(DBN)

Insurers Denied Health Coverage to 1 in 7 People, Citing Pre-Existing Conditions
(DBN)

______________

Video Rentals:

Movie Gallery: Ex-Worker Trying to Swap Secrets for Job
(DBN)

______________

Trustees:

Rosecroft Raceway bankruptcy case gets trustee
(DBN)

______________

Sports:

Tom Hicks Feels the Bankruptcy Burn
(DBN)

______________

Food/Drink:

Arby's workers not paid as control of stores transferred in bankruptcy
(DBN)

Deposed Arby's owner says it's not his fault that workers weren't paid
(DBN)

______________

Small Business:

Business Owners Looking to Sell Come Up Short
(DBN)

______________

Corporate Governance:

Del. Justices OK Low-Threshold 'Poison Pill' as Reasonable Response
(DBN)

______________

Fraud:

Judge Rules Against Stanford in Battle Over Legal Fees
(DBN)

Allen Stanford's Lawyer Problems Could Get A Lot Worse
(DBN)

Case Involving Madoff Fallout Transferred to New Division of Del. Superior Court
(DBN)

SEC cleared in Goldman fraud case
(DBN)

______________

History:

The Hellhound of Wall Street
(DBN)

______________

Military:

Sad Amount of Military Personnel in Debt
(DBN)

______________

Sovereigns:

Debt Crisis: Next Stop Japan, Then US
(DBN)

______________

UK:

Eversheds advises landlord on Halliwells property deal
(DBN)

Liverpool chairman blasts current owners
(DBN)

Liverpool Says Texas Restraining Order Blocks Sale
(DBN)

UK Banks Banned From Some Credit Insurance Sales
(DBN)

"Unrealistic" for Northern Rock auditor to have raised alarm
(DBN)

Spending cuts to hit private sector jobs and output
(DBN)

Business recovery rate slows with more failures expected, says Begbies Traynor Red Flag Alert
(DBN)

Winding Up Petitions - 13th October 2010
(DBN)

______________

EU:

Germany Benefits from E. Europe Recovery
(DBN)

______________

Canada:

Ex-Oilers owner to be sentenced in CA perjury case
(DBN)

______________

Japan:

Takefuji's Bankruptcy Spurs Claims of Overpaid Interest at Rival Lenders
(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.

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).