April 11, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Bingham Brings Bonus Bounty
(DBN)

Howrey Hit With Another WARN Suit
(DBN)

Davis Polk votes in Scot as firm's first-ever non-US managing partner
(DBN)

The Winning Pitch - Thomas Lauria of White & Case
(DBN)

BigLaw Email Nixes Short Skirts and Stiletto Heels, Asks Women to Please Brush Their Hair
(DBN)

The Kluger Tapes: Legal Advice from Lawyer Accused of Insider Trading
(DBN)

Ex-bankruptcy attorney convicted in fatal stabbing arrested after failing to show up at sentencing
(DBN)

BP’s new panel told not to advise rivals
(DBN)

Mystery Manhattan ‘Law Firm’ Listed on Website Appears to Be a Fake ... But Why?
(DBN)

Are Female Lawyers Worth $50 an Hour Less Than Men? Average Billing Rates Show Gap
(DBN)

Firms get creative as holiday fever sparks billing chaos
(DBN)

DLA Piper introduces partner "gardening leave" for the first time
(DBN)

Client Protection Fund Sees Spike in Claims and Payouts in 2010
(DBN)

Linklaters senior partner contenders put forward their case for election
(DBN)

Winstead Files Two Suits Against Former Clients
(DBN)

Kramer Levin Naftalis & Frankel Represents Saint Vincent's Catholic Medical Centers in Sale of Manhattan Campus
(DBN)

Does Attorney-Clent Privilege Protect Client E-Mail?
(DBN)

The Misery Index
(DBN)

What Firms Can Learn From Dickinson's Lateral Hiring Approach
(DBN)

Staffer Sues Firm Over Sext From Partner
(DBN)

Lawsuit of the Day: Widener Law Professor Sues Dean for Defamation
(DBN)

Lawyer Suspended for Six Months for Falsely Claiming He Had an LL.M.
(DBN)

Transparency: the cure for America's ailing law schools
(DBN)

Law school for the white and wealthy
(DBN)

Should Working Students Pay for Their Pro Bono Classmates?
(DBN)

Attorney Pleads Guilty to Smuggling Contraband to Her Jailed Fiance
(DBN)

Judges Won’t Be Gambling at Conference Due to 4th Circuit Request
(DBN)

The Prosecution Rests, but I Can’t
(DBN - NY Times - Paywall Limit Possible)

______________

Judges:

Wisconsin election: State high court vote to be reviewed
(DBN)

Judge’s Son Said He Stole $1.5M in Casino Chips After Dad Docked His $1K Allowance
(DBN)

Judge Discovers His Gavel is Missing; Court Personnel Track Down Suspect, Now Charged With Theft
(DBN)

Judge Threatens Alleged Rape Victim with Contempt and 90 Days in Jail if She Refuses to Testify
(DBN)

Federal Judge Still Hears Cases at 103
(DBN)

The growing importance of senior judges
(DBN)

Critics fault retired Justice O'Connor over ethics
(DBN)

______________

Wall Street:

Wall St futures signal higher open; earnings eyed
(DBN)

Europe extends losses after Japan earthquake
(DBN)

Investors Fear End of Cheap Fed Money
(DBN)

C-suite dysfunction, Goldman Sachs edition
(DBN)

The Wall Street Mind - The Psychology of the Oblivious
(DBN)

______________

Layoffs:

Hidden Job Crisis for American Men
(DBN)

Discouraged Workers Stop Bernanke From Taking Much Comfort in Jobless Fall
(DBN)

Why Jobs Shortage is Worse Than it Sounds
(DBN)

Lower Corporate Taxes Won't Create Jobs
(DBN)

Wells Fargo lays off mortgage employees
(DBN)

Ikea's U.S. factory churns out unhappy workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

US Auto Dealerships See Growth Return
(DBN)

Fiat to hike Chrysler stake in coming days
(DBN)

Autos: 2011 Winners and losers (so far)
(DBN)

Reeling from quake, Japan automakers cut output in US plants
(DBN)

Toyota plans to resume output at Japan plants April 18
(DBN)

China 2011 Car Sales May Grow Slower Than Automakers' Estimates
(DBN)

Swedish Government Said to Work on Enabling Saab Auto Loan
(DBN)

Spyker in Talks on Saab Real Estate
(DBN)

______________

Mass Torts:

BP oil spill: Dramatic recovery of Gulf of Mexico one year on
(DBN)

BP Buys Gulf Coast Millions in Gear and Cars
(DBN)

______________

Finance:

Cov-Lite's comeback
(DBN)

______________

Symphonies:

NY orchestra musicians to play despite bankruptcy
(DBN)

Syracuse Symphony Orchestra meets with attorney general's office
(DBN)

_____________

Opera:

New York City Opera faces financial dilemma again
(DBN)

______________

Celebs:

Toni Braxton, Sisters Gear Up For Reality Show Premiere
(DBN)

______________

Media:

Mediator Tries To Broker Tribune Deal
(DBN)

Tribune Says Some Creditors Switch, Now Favor Company Plan
(DBN)

At Gannett, Furloughs but Nice Paydays for Brass
(DBN)

______________

Consultants:

Garden City Group Promotes Greg Haber to National Director, Business Development
(DBN)

______________

Credit Reporting:

Credit Score Confusion Leads to Controversy
(DBN)

______________

Municipalities:

Vallejo returns to court to finalize bankruptcy exit
(DBN)

Governments continued to enhance pensions amid economic collapse
(DBN)

18 Cities Where

Suburbs are Turning into Slums
(DBN)

Slow recovery in Las Vegas may be factor in suicide increase
(DBN)

______________

Dinosaurs:

Tinker the teen T. rex to be released after lawsuit
(DBN)

______________

Funeral Services:

Burr Oak Plan Offers $100 Per Victim
(DBN)

______________

Lehman:

Lehman seeks delay of Paulson-Calpers plan hearing
(DBN)

______________

Food/Beverage:

Restaurateur Kapoor files for personal bankruptcy
(DBN)

Harry & David's creditor's
(DBN)

Pizza restaurant chains feeling bite from consumer options
(DBN)

______________

Politics:

All the influence money can buy
(DBN)

______________

Tax:

Why Corporate Tax Reform is so Hard
(DBN)

8th Circuit Holds Business Owners Personally Liable For Payroll Taxes
(DBN)

______________

Aviation:

American Airlines CEO says fuel crisis coming
(DBN)

Bankruptcy trustee for Pace investigating collapse
(DBN)

Emivest sale to Utah firm approved
(DBN)

Corporate Jets Often First Thing to Go After Leveraged Buyouts
(DBN)

______________

Oil/Gas:

Hercules' Seahawk assets buy under cloud on bribery
(DBN)

______________

Identity Theft:

Debtors In Pretension
(DBN)

Hackers Probably Stole Your Email Address Last Weekend
(DBN)

______________

Small Business:

Money flowing into California's small-business loan programs
(DBN)

______________

Consumer Finance:

How Payday Lenders Evade Regulation
(DBN)

______________

Economy:

Fisher: Fed May Need to End Bond Buying Early
(DBN)

Obama to Offer Details of Plan to Reduce U.S. Budget Deficit
(DBN)

Wholesale Goods Slip in February
(DBN)

PIMCO goes short US government debt, raises cash holdings
(DBN)

How you'll know when the US sovereign debt crisis is finally here
(DBN)

Former PBOC Adviser: US Treasury Bond Market Bolstered By 'Ponzi Scheme'
(DBN)

Soros Warns Moral Hazard 'Looms Larger' as Volcker Says Big Banks Can Fail
(DBN)

Revenues, spending must be aligned, Dallas Fed chief says
(DBN)

Senators to unveil own report on financial crisis
(DBN)

US Treasury Currency Report Delayed Again
(DBN)

Obama Reached Breaking Point in Budget Talks After Tense Hour With Boehner
(DBN)

Federal shutdown averted, but bigger battles over spending loom for Obama
(DBN)

US Spending Debate Moves on to Next Phase
(DBN)

Government Shutdown Dance Was Just a Warmup
(DBN)

Why the GOP caved on planned parenthood
(DBN)

Budget battle timeline
(DBN)

Reality comes to Washington
(DBN)

Peter G. Peterson’s Last Anti-Debt Crusade
(DBN - NY Times - Paywall Limit Possible)

Fisher: The time for banks to support the economy is now
(DBN)

Ryan's Budget: Implications of Our Choices
(DBN)

The Ryan Plan Is "Fundamentally Immoral"
(DBN)

A Tale Of Two Government-Spending Visions
(DBN)

GOP's Turn in the Medicare Hot Seat
(DBN)

Obama Deficit Plan Puts Taxes on Table
(DBN)

Obama Plan Would Tax the Rich
(DBN)

Taxing the Rich
(DBN)

Obama to Propose Specific Long-Term Plan to Reduce Deficit, Plouffe Says
(DBN)

Pump prices less than 10% below record high
(DBN)

Anatomy Of An Economic Meltdown
(DBN)

Search the Fed’s Documents Detailing Their Lending to Banks During the Crisis
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

AG mortgage servicer investigation proceeding despite proposed settlement
(DBN)

New Rules for Mortgage Servicers Face Early Criticism
(DBN)

OCC to announce foreclosure settlement
(DBN)

Morgan Stanley Faces HAMP-Denial Lawsuit
(DBN)

Home-loan brokers face new limits on pay
(DBN)

Credit scores will plummet with a short sale
(DBN)

North Jersey's less-expensive homes losing the most value
(DBN)

AG Subpoenas New York's Biggest Foreclosure Firm and Processing Company Spinoff
(DBN)

20% down on homes may soon be norm
(DBN)

Funding will allow THP to complete homes
(DBN)

A niche in Florida's real estate rubble
(DBN)

Homebuilder Pasquinelli files for bankruptcy
(DBN)

SunCal Outbids Lehman, Others for SoCal Projects
(DBN)

Bank of America sells 1,300 foreclosed homes through NSP
(DBN)

Bank gives man foreclosed house
(DBN)

FHA settles with mortgage lender for improperly refinancing loans
(DBN)

New York Subpoenas 2 Foreclosure-Related Firms
(DBN)

Fitch finds CMBS delinquencies dip for first time in four months
(DBN)

'Dented' Bonds Draw Buyers
(DBN)

____________

Banking:

Watchdogs to sue executives of failed banks
(DBN)

Exclusion clauses slow FDIC progress
(DBN)

Dimon Calls JPMorgan's Wamu Deal 'Bit Worse Than Expected,' Still Worth It
(DBN)

JPMorgan Accused of Breaking Its Duty to Clients
(DBN)

The 20 Banks That Could Bring The Entire Financial System To Its Knees
(DBN)

______________

Distressed Investing:

A Pulitzer Prize-Worthy Tactic to Escape Default
(DBN)

______________

Fraud:

From behind bars, Madoff spins his story
(DBN)

Bernie Madoff reading romance novels in jail to pass time
(DBN)

Madoff: ‘It Wasn’t About the Money’
(DBN)

Madoff's New Gig: Working On Ethics Courses For Biz Schools
(DBN)

Once again Bernie Madoff says from jail Mets owners Fred Wilpon, Saul Katz didn't know about scam
(DBN)

Madoff: Pressure from big clients led to scam
(DBN)

Accused Attorney Assesses His Own Defense - And He Doesn't Think It Looks Good
(DBN)

Middleman in Insider-Trading Scheme Said to Be Ready to Enter Guilty Plea
(DBN)

A Ponzi Walk Through the Decades
(DBN)

Mets narrow investor list to eight, report says
(DBN)

Suit: Credit Score Sites Mislead Consumers
(DBN)

Parties Can Tap Recount Fund For Stanford Suit
(DBN)

Allen Stanford Investor Suit Should Be Dismissed, SEC Says
(DBN)

SEC Says Ex-D.B. Zwirn Fund’s Finance Chief ‘Misused’ $870 Million
(DBN)

Ex-Galleon Trader Goffer, Four Others Face New Insider-Trading Charges
(DBN)

Rajaratnam Must Refute 14 Counts as Defense Begins in Insider Trading Case
(DBN)

Rajaratnam’s Expert Witness Gregg Jarrell Can Testify at Trial, Judge Says
(DBN)

Executive linked to Petters pleads guilty
(DBN)

______________

Compensation:

JPMorgan Paid $421,458 for CEO Dimon's Sale of Chicago Mansion
(DBN)

Jamie Dimon's silly housing subsidy
(DBN)

JP Morgan CEO's Pay Jumps 1,500%
(DBN)

Enriching a Few at the Expense of Many
(DBN)

Pay czar OKs more flexible compensation for AIG, other bailed-out firms
(DBN)

______________

Forest Products:

Myers Forest Products in bankruptcy
(DBN)

______________

Hotels:

Parker Inn plans bankruptcy filing
(DBN)

Cassa Hotel Owner to Sell Portion of Manhattan Building for $130 Million
(DBN)

______________

Video Rentals:

Zinterhofer Calls Dish's Blockbuster Buy `Opportunistic'
(DBN)

Dish Gets Antitrust Approval for Blockbuster Buy
(DBN)

______________

Retailing:

US trustee objects to Borders' bonus plan
(DBN)

Amidst Doubts of its Reorganization Plan's Viability, Claims Filing Deadline Set for Borders Group's Creditors
(DBN)

______________

Hollywood:

Kerner Optical files for Chapter 11 reorganization
(DBN)

______________

Health Care:

Nevada Cancer Institute to eliminate 150 jobs
(DBN)

______________

IP:

Bankruptcy’s effect on patent licenses and drafting strategies that anticipate this potential event
(DBN)

______________

Private Equity:

Largest LBO In History Looks Like Black Eye For PE Industry
(DBN)

______________

Fashion:

Chief Exec Denies American Apparel Is Ready to Fold
(DBN)

American Apparel CEO Dov Charney scrambling for cash
(DBN)

______________

Resorts:

Lenders get Daufuskie's resort assets
(DBN)

______________

Education:

Santa Monica private school in bankruptcy , accusations fly
(DBN)

______________

Derivatives:

ISDA raises concerns over Russian netting laws
(DBN)

______________

Agriculture:

Farm Subsidies Face $30B Hit in GOP Plan
(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)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

_____________

Miscellaneous:

Lehman Brothers, Tribune, Texas Rangers, Emivest: Bankruptcy
(DBN)

Blockbuster, Lehman, Vitro, Accredited Home: Bankruptcy
(DBN)

Tribune, Satelites, Blixseth, Viceroy Resort: Bankruptcy
(DBN)

______________

Corporate Reform:

Elizabeth Warren maintains CFPB is not without oversight
(DBN)

Warren Says Proposed Consumer Bureau Changes Would Aid Banks
(DBN)

Warren calls for accountability in consumer agency
(DBN)

FDIC Issues Significant Proposed Rulemaking With Respect To Dodd-Frank’s Orderly Liquidation Authority
(DBN)

CFPB will work with mortgage industry, Warren says
(DBN)

AGs, new consumer watchdog to meet
(DBN)

SEC proposes new rules on compensation committee independence and adviser conflicts
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Tech:

Why Failing Doesn't Suck
(DBN)

______________

Demographics:

Population Leaves Heartland Behind
(DBN)

______________

UK:

Disposable Income Lowest Since 1921
(DBN)

UK Deficit Reduction Plans are Oxymoronic
(DBN)

UK's Independent Commission on Banking Report: Main Findings
(DBN)

UK banks told to boost capital, shield taxpayers
(DBN)

Barclays and RBS Gain Most From ICB Review
(DBN)

We'll Never Forget the Sell Out to Banks
(DBN)

Business Groups Lend Cautious Support To UK Banking Proposals
(DBN)

Bank share reaction shows the Vickers report could have been worse
(DBN)

Gordon Brown: Big Mistakes on Banking Crisis
(DBN)

Bank of England's Interest Rate Dilemma
(DBN)

Coventry insolvency firm invests in strengthening team
(DBN)

Appointment of Administrators - 8 April 2011
(DBN)

PWC Makes £290M From Lehman
(DBN)

Bankrupt Grant Bovey and wife Anthea Turner move in to £5m mansion
(DBN)

R3 warns on insolvency reform plans
(DBN)

______________

EU:

New Europe: Old problems
(DBN)

Europe's debt crisis
(DBN)

On Average, Europe Is Doing Fine
(DBN - NY Times - Paywall Limit Possible)

EU Minsters: Recovery is Picking Up
(DBN)

Europe's Sovereign Debt Woes Force DinoSol Loan Writedown, Irish Bank Sale
(DBN)

Europe’s $2 Trillion of Distressed Debt Set to Outstrip U.S.
(DBN)

______________

Canada:

Ex-Nortel workers look to make pensions an election issue
(DBN)

Ambrilia Biopharma's directors resign as company prepares to file for bankruptcy
(DBN)

______________

Germany:

Some German Banks May Fall Short in Stress Tests
(DBN)

German Corporate Insolvencies Continue To Decline
(DBN)

______________

France:

France recovery gains speed, needs deficit steps
(DBN)

______________

PIIGS:

Rating cuts would hurt Spain more than Portugal
(DBN)

Spain bond sale shows no sign of Portugal contagion
(DBN)

Spain: Nope, it Ain't Portugal.
(DBN)

Spain is 'dam' that is protecting eurozone: government
(DBN)

"Spain Isn't A Problem"
(DBN)

Portugal: Bailed out – What now?
(DBN)

A Divided Portugal Is Unwilling to Commit to Bailout Terms
(DBN)

Bailout Will Put Portuguese Politicians in a Vise
(DBN)

European Union Sees Bailout Deal for Portugal by Mid-May
(DBN)

Global financial crisis points to bankruptcy of policymakers
(DBN)

Ireland's Turning Point
(DBN)

IE government risks missing IMF deadline on insolvency law
(DBN)

Bailout Punchline
(DBN)

Germany Warns on Greek Debt, Defying Efforts to Snuff Out Crisis
(DBN)

______________

Iceland:

Iceland voters reject repayment to UK, Dutch
(DBN)

UK and Netherlands to sue Iceland over lost deposits
(DBN)

Iceland Warns Of "Political And Economic Chaos" As Voters Reject Icesave Debt Deal
(DBN)

______________

MENA:

Oil prices soar after attacks on Libyan oilfields
(DBN)

Gas prices in 'firing range' of all-time high
(DBN)

Ragtag rebel army barely repels Gaddafi forces in Ajdabiya
(DBN)

NATO air strikes help break attack on east Libya town
(DBN)

Gadhafi agrees to peace plan: reports
(DBN)

Libyan unrest sends oil prices soaring to $123 a barrel
(DBN)

Gas prices at $5 per gallon possible
(DBN)

Libya’s ‘Must-Visit’ Economy Snares BP, U.K. Investors in War
(DBN)

Libyan Banks, Oil Companies Targeted for UN Asset Freeze
(DBN)

Another side of Libya , where the war seems far away
(DBN)

Saudi ready to pump 12.5 mn bpd oil if needed`
(DBN)

Prosecutor to summon Mubarak in deaths, graft probes
(DBN)

Over 1,000 Defy Egypt Army to Disperse
(DBN)

Mubarak Denies Corruption and Defends His Legacy
(DBN)

______________

Japan:

BOJ says quake damage broadening as auto output falls
(DBN)

Bank of Japan cuts assessments of most regions
(DBN)

Supply-Chain Concerns Hit Japan Manufacturers
(DBN)

Video: Japan’s Suppliers Struggle
(DBN)

Japan Machinery Orders Fell Sharply Before Quake
(DBN)

Japan's Stocks Fall Led by Carmakers as Citi Cuts Rating on Quake Damage
(DBN)

End of Japan Nuke Crisis Years Away
(DBN)

McDonald’s Wage For Nuclear Job Shows Japan Towns Fading
(DBN)

Photos: One Month After the Quake
(DBN)

Edano Says Japan Doesn't Need BOJ to Help Fund Disaster Relief
(DBN)

Korea's A&P Has Inside Track on Takefuji Takeover
(DBN)

Safes, Cash Wash up on Japan Shores After Tsunami
(DBN)

______________

Estonia:

Koger & Partnerid, Estonian Builder, Seeks Bankruptcy
(DBN)

______________

Czech Republic:

Czech lottery ruled insolvent
(DBN)

______________

China:

China sees first quarterly trade deficit in 6 years
(DBN)

______________

Australia:

Bankruptcy falls despite higher rates
(DBN)

Corporate insolvencies stay stubbornly high
(DBN)

The Australian Housing Bubble Has Popped
(DBN)

______________

New Zealand:

Wait continues for David Henderson creditors
(DBN)

______________

South Africa:

New insolvency legislation coming
(DBN)

______________

India:

India’s Industrial Output Growth Unexpectedly Slowed to 3.6% in February
(DBN)

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