October 7, 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:

K&L Gates Ranked No. 1 in New ‘Recession Performance Index’
(DBN)

Post-Recession Law Firms: A New Caste System Emerges
(DBN)

On New Associate Models and Associates as Day Laborers
(DBN)

Shearman, Slaughters and Weil advise on sale of Liverpool FC
(DBN)

Quinn Emanuel seals key insolvency court win
(DBN)

Lawyer Publicly Censured for Having Sex With Client
(DBN)

A Sick and Boring Life
(DBN)

Morale is in the Money
(DBN)

Dreier's Ex-Wife Suffers Setback in Bid for $7 Million in Support
(DBN)

How will you know when it's time to leave your law firm?
(DBN)

Layoffs? BigLaw Is Still Doing Layoffs? Dang
(DBN)

Law Firm Cogs Aren't Special
(DBN)

Jobless Pace Law Grads Live at Home, Go Back to School, Hang Own Shingle
(DBN)

Pittsburgh Firm Opens Second Ohio Office With Merger
(DBN)

Plaintiffs, Alleging Prudential Conspired With Their Lawyers, Try to Pierce Privilege
(DBN)

Summer Associates Report Substantive Work, More Offers and Lots of Karoake
(DBN)

Get More From Google Docs
(DBN)

Thoughts on Dropping Martindale-Hubbell Contracts
(DBN)

Luncheon Honors 25 Greatest Texas Lawyers of the Past Quarter-Century
(DBN)

Law School Program Pairs Students With Former Prisoners
(DBN)

Lawyer spends his 85th birthday at work in his law office
(DBN)

High Court Seems Reluctant to Overturn First Amendment Precedents in Funeral Protest Case
(DBN)

Judge tosses suit filed by underwear bride
(DBN)

Tax Panel Rejects Lawyer's Bid to Deduct Spending for Sex
(DBN)

Guest Sues Hyatt Over Cross-Dresser
(DBN)

Pants On Ground Prompts Bullet In Butt
(DBN)

Mug Shot Roundup
(DBN)

The Worst Instances Of Self-Promotion Ever
(DBN)

______________

Judges:

Will Convicts Appeal Cases Heard by Federal Judge Accused in Stripper Drug Case?
(DBN)

More Details About the Federal Judge Accused of Drug and Whore Consumption
(DBN)

Judge Rejects Plea Arrangement as Something ‘That Only Goes to White Boys’
(DBN)

Breyer Says U.S. Supreme Court Doesn’t Have Pro-Business Slant
(DBN)

______________

Wall Street:

Stock index futures dip
(DBN)

World markets flat but dollar slide continues
(DBN)

Job Worries Keep Stocks On A Leash
(DBN)

Wall Street Says Women Worth Less as Disparity Over Pay Widens
(DBN)

______________

Layoffs:

ADP Estimates US Companies Cut 39000 Jobs in September
(DBN)

Layoffs Low, but Hiring Still Slow
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Housing slump hammers local government tax revenue
(DBN)

Ailing U.S. cities unlikely to go bankrupt
(DBN)

States and Cities: Call Them ‘The Fiscally Challenged’
(DBN)

RI judge to rule on state's receivership law
(DBN)

Municipal bond certainties crumbling market riskier
(DBN)

SEC Stepping Up Enforcement Against Muni Issuers, Greenberg Says
(DBN)

Survey: Deep Distrust of State Governments
(DBN)

20 Cities Having an Awesome Recovery
(DBN)

______________

Newspapers:

Tribune Co. bankruptcy muddled as mediation founders
(DBN)

Inside Tribune's bankruptcy and culture
(DBN)

How Sam Zell and Randy Michaels Changed the Tribune
(DBN)

Tribune Co. CEO: 'Ignore the noise' of New York Times story
(DBN)

Thirteen Ways in Which Owner Sam Zell and CEO Randy Michaels Have Destroyed the Tribune Company
(DBN)

Canyon's Julis sees hope in Tribune bankruptcy
(DBN)

______________

Turnarounds:

Sun Capital sees more turnaround deals
(DBN)

______________

Autos:

Auto parts in roller coaster comeback
(DBN)

GM Ends Consulting Deal With Ex-CEO Henderson
(DBN)

Fitch Rates GM Three Notches Into Junk; Outlook Stable
(DBN)

Fed agency turns another screw, OKs Delphi pension probe
(DBN)

______________

Hotels:

Large Banks Creating Crisis For Hoteliers
(DBN)

Owner of former Hilton outlines plans
(DBN)

______________

Satellites:

ProtoStar Wins Court Approval of Sale Plan Resolving Creditors' Disputes
(DBN)

______________

Green:

Some green companies headed for landfill?
(DBN)

FTC proposes no more "eco-friendly" claims in ads
(DBN)

______________

Sovereigns:

Austerity plans to spark restructurings
(DBN)

______________

Politics:

Could Democrats Get a Boost From Wall Street?
(DBN)

______________

Sports:

Liverpool soccer team sale a mess for Hicks
(DBN)

______________

M&A:

K.K.R. Biggest Spender on Deals for Past 5 Years
(DBN)

______________

 

Economy:

Prospects for US economy either 'fairly bad' or 'very bad', warns Goldman Sachs
(DBN)

Is the Middle Class Falling Behind?
(DBN)

Goldman Sachs and the Economy
(DBN)

Dollar Drops to 15-year Low Against Yen
(DBN)

TrimTabs data shows US lost 65,000 jobs in September
(DBN)

Private sector lost 39,000 jobs in September: ADP
(DBN)

Fear undermines America’s recovery
(DBN)

Cigarettes or Books? Spending Tradeoffs Amid Recession
(DBN)

Food Stamp Recipients at Record 41.8 Million Americans
(DBN)

McDonald's, Verizon Mark U.S. Profit Slowdown on Consumer Woes
(DBN)

Geithner Calls for Global Cooperation on Currency
(DBN)

Stiglitz: Central Banks Creating ‘Chaos’
(DBN)

When Gas Hits $4, Public to Wake Up on Fed
(DBN)

Some distress persists despite U.S. credit thaw
(DBN)

New Yorkers' Income Falls for 1st Time in 70 Years
(DBN)

The Costs of Rising Inequality
(DBN)

Waning U.S. faces a ‘cluster of hard choices,’ historian argues
(DBN)

The IMF’s New Growth Projections
(DBN)

Power Women Lead Way Out of Crisis Starting At Grass Roots
(DBN)

Smaller Firms Could Have Run U.S. Toxic Funds
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

US commercial real estate may wreck - Sprayregen
(DBN)

Commercial Property Values Up 30% Over 2009
(DBN)

CRE Values Bouncing Hard Along the Bottom
(DBN)

Home prices drop in September as weak markets head into double-dip
(DBN)

Big week with foreclosures
(DBN)

Misdirection
(DBN)

Rally against foreclosure-based evictions
(DBN)

Norton calls for Foreclosure pause
(DBN)

Martha Coakley has ordered the delay of the Massachusetts foreclosures
(DBN)

Ohio sues Ally over foreclosures
(DBN)

Ohio Attorney General Sues GMAC, Seeks $25000 Per False Affidavit
(DBN)

Cordray Suspects `Thousands' of Fraudulent Foreclosures
(DBN)

Ohio vs. GMAC may have ripple effect
(DBN)

Delaware, North Carolina Attorney Generals Taking Action on Foreclosure Mess
(DBN)

Cooper gives BofA foreclosure deadline
(DBN)

Minnesota attorney general asks lenders to halt foreclosures
(DBN)

More States Push Foreclosure Freeze
(DBN)

The Latest On The Foreclosure Mess
(DBN)

The Foreclosure Mess Could Last for Years
(DBN)

The Foreclosure Fiasco: Why It's Worse Than You Thought
(DBN)

Layers of a foreclosure mess
(DBN)

Justice Department Digs Into Foreclosure Foibles
(DBN)

Organized Crime: Wall Street's Foreclosure Fraud Machine
(DBN)

Mortgage lenders show pattern of destruction
(DBN)

Gauging real estate impacts of 'robo signing' scandal
(DBN)

Fitch downgrades iStar's debt, cites risky loans
(DBN)

Breaking up (with your mortgage) is hard to do
(DBN)

California's Attorney General Hits Mortgage Modification Companies with $60M Lawsuit
(DBN)

Kent Swig loses another tower
(DBN)

Tishman Speyer Completes Work-Outs for CA Properties
(DBN)

A&O's New York office takes lead on $930m sale of landmark Boston tower
(DBN)

Capital One Bank Sells New York Building At Discount
(DBN)

Property Taxes Starting to Slip
(DBN)

Regions bank drops lawsuit against EpiCentre developers
(DBN)

$17M approved for struggling Iowa homeowners
(DBN)

Fla. Law Firm Touts ‘Mortgage Terminator’ Suits for Condo Associations
(DBN)

California officials sue two Rancho Cordova firms in alleged mortgage scam
(DBN)

In Rental Market, Landlords Gain Upper Hand
(DBN)

Beverly Hills Sale: $500 Million in 2007, $148 Million in 2010
(DBN)

_____________

Banking:

WaMu bank bondholders settle for $335 million
(DBN)

Washington Mutual Revised Plan Covers Distributions, Settlement
(DBN)

Wells Fargo settles deceptive loans claim
(DBN)

Distressed investors look for bargains at banks
(DBN)

Commerzbank Sued for $68 Million by QVT Hedge Fund
(DBN)

______________

Aviation:

American Airlines Recalls Workers As Traffic Rises
(DBN)

______________

Oil/Gas:

Low Estimate of BP Spill Hindered Bid to Plug Well, Report Says
(DBN)

______________

Chemicals:

Two Firms Near Bankruptcy Exit
(DBN)

______________

Celebs:

Lenny Dykstra's stunning plunge into bankruptcy
(DBN)

Lenny Dysktra “Plotting His Financial Comeback,” Has A New Theme Song
(DBN)

Lenny Dykstra , Because There's No Margin Call On Crazy
(DBN)

Toni Braxton -- Bankrupt Again, May Owe $50 Mil
(DBN)

Salahi’s Attorney Sent Threatening Emails Day Before RHODC Taped Reunion Episode
(DBN)

______________

Consultants:

FTI Consulting Upgraded
(DBN)

Deloitte Hires Bandolik in Distressed Debt & Asset Practice
(DBN)

______________

Corporate Governance:

Airgas Claims Bylaw OK'd by Shareholders Violates Del. Law
(DBN)

______________

Retailing:

US Shopping Center Vacancies Rise to 10.9% as Consumer Confidence Wanes
(DBN)

U.S. mall vacancy rate dips for first time in 3 years
(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)

______________

Bankruptcy Statistics:

2010 consumer bankruptcy filings hit highest level since 2005
(DBN)

Bankruptcy Filings Follow Their Usual Summer Sideways Move
(DBN)

Albany's bankruptcy filings slows in 3Q
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

SIPC Task Force Considering Application Of Bankruptcy Code's Clawback Provision
(DBN)

______________

Miscellaneous:

Innkeepers, Old GM, Agri-Best, National Envelope, Cynergy Data: Bankruptcy
(DBN)

______________

DIP Finance:

Investors elbowing into bankruptcy exit deals
(DBN)

Roll-up, Roll-up, Read All about It!
(DBN)

______________

Fraud:

Petters Group US Bankruptcy Trustee Sues Minnesota Firm for $105 Million
(DBN)

Petters employees sued for bonuses
(DBN)

French bank says could discuss rogue trader fine
(DBN)

Back in Court: Whether Madoff's Kids Should Have to Pony Up
(DBN)

SDNY Prosecutors to Use Wires to Nab Financial Fraud
(DBN)

Galleon Wiretap Application Comes Under Scrutiny
(DBN)

Raj Rajaratnam’s Moment
(DBN)

CFTC Gets Tough on Fraud
(DBN)

Hecker ordered to detail spending
(DBN)

Hecker's benefactor is ordered to court
(DBN)

Former Jefferies Fund Manager Convicted of Fraud
(DBN)

______________

Litigation:

Judicial Expectations in E-Discovery
(DBN)

Certifying to E-Discovery Completeness Is Certifiable
(DBN)

______________

Tax:

F.T.C. Accuses Tax Relief Company of Empty Promises
(DBN)

Tax-Table Delays May Dent Paychecks
(DBN)

Ex-Mirabilis insiders say trade-secrets ruling vindicates them
(DBN)

Father-Son Developers Convicted of Hiding Hotel Sale From I.R.S.
(DBN)

______________

Intercreditor:

Intercreditor Releases - the Junior Creditors Strike Back
(DBN)

______________

Hollywood:

Two David Bergstein firms put in bankruptcy
(DBN)

______________

Trees:

A Tree Grows in Bankruptcy Court
(DBN)

______________

Resorts:

PGA Plays Sea Island as Oaktree, Starwood Prepare for Bankruptcy Auction
(DBN)

The New Sea Island Will Have Several Owners
(DBN)

______________

Bankruptcy Crimes:

Texas couple hid millions in cash, U.S. charges
(DBN)

Springfield woman indicted on bankruptcy fraud
(DBN)

______________

Health Care:

10 Steps to Implement Hospital Layoffs With Minimal Disruption
(DBN)

Waivers Address Talk of Dropping Health Coverage
(DBN)

Hospital gets clean bill of health
(DBN)

______________

Corporate Reform:

Dangers Abound As Financial Reform Goes From Blueprint To Bricks
(DBN)

______________

Lehman:

Ambac Settles $6.1B Lehman Suit
(DBN)

Lehman’s do-over quest runs against facts in court
(DBN)

Lehman Push Said to Lack Legal Grounding
(DBN)

______________

Insurance:

Zurich Will Pay $455 Million in Farmers Settlement
(DBN)

______________

Religion:

Onward Christian Moguls
(DBN)

______________

UK:

Restructuring of pension schemes – recent trends in the UK
(DBN)

Making claims in administration/liquidation as an unsecured creditor: the process of proving debts owed by the company
(DBN)

______________

EU:

European Central Banks Hold Rates Steady
(DBN)

IMF: Europe needs to wean banks off crisis support
(DBN)

Bubble risk in Europe's high-yield bond market
(DBN)

EU Considers Taxing Bank Profits and Wages to Recoup Bailouts
(DBN)

Poland Won't Switch to Austerity to Cut Debt Levels
(DBN)

______________

Canada:

Alberta regulator accuses broker of $5M Ponzi scheme
(DBN)

______________

Ireland:

Taoiseach 'did not know' Anglo faced insolvency
(DBN)

How Ireland became a giant Ponzi scheme
(DBN)

______________

Greece:

Greek debt and deficit figures 'to shoot up'
(DBN)

Athens Tries to Change the Greek Way of Life
(DBN)

______________

Middle East:

Real Estate Collapse Spells Havoc in Dubai
(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).