April 12, 2011

The Daily Bankruptcy News

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Law:

Baker & McKenzie Sued for Role in Chemical Company's Demise
(DBN)

Bingham Seeks Court Ruling That Firm Met Its Obligations to Ex-Client, LA Dodgers Owner McCourt
(DBN)

Bonus Watch: Dechert Announces Spring Bonuses
(DBN)

Husch Blackwell to Move in with UK Firm, in London, Without Benefit of Wedlock
(DBN)

All Buttoned Up at Allen & Overy
(DBN)

Simpson Thacher to launch in Houston with Vinson hire
(DBN)

UK lawyers raise concerns over impact of Vickers' banking reform proposals
(DBN)

A Bankruptcy Associate Finds Small-Firm Nirvana
(DBN)

The Future of Law Practice: Is It What You Think? - News - ABA Journal
(DBN)

Abandon BigLaw Bucks? Are You Nuts?
(DBN)

On Cromwell & Goodwin: The World’s Most Mysterious Firm
(DBN)

Formidable Legal Team Ripped Apart by Charges of Theft, Management Screwups
(DBN)

LawyerClock - How much is this meeting costing me?
(DBN)

Nasdaq-NYSE: So Many Bankers and Lawyers, Oh My
(DBN)

In-House: Managing Up
(DBN)

Courts Offer Special Registration to Out-of-State In-House Counsel
(DBN)

Leading In-House Lawyers Find Way to Make Alternative Fees Work
(DBN)

GCs Forced to Get Creative to Slash In-House Budgets
(DBN)

Whether task-based billing codes do better than automated bill review software
(DBN)

Three Easy Ways Law Firms Can Get More Clients from their Websites
(DBN)

Chelsy Davy warned: Allen and Overy tells trainee solicitors not to wear skimpy clothes
(DBN)

Court: Harvard twins stuck with Facebook agreement
(DBN)

The Guy Who Says He Owns 50% Of Facebook Just Filed A Boatload Of New Evidence -- And It's Breathtaking
(DBN)

Firm faces £7.65m payout after High Court negligence ruling
(DBN)

MB lawyer Pavilack says he's target of hit man
(DBN)

Attorney Rob Robinson's legal fees under scrutiny
(DBN)

Cost of Cleaning Up After Bad Lawyers Spikes
(DBN)

Former In-Houser, Pals and BigLaw Firm Booted From High-Stakes Whistleblower Suit
(DBN)

Legal Fee-Sharing Dispute re $400K Wasn’t Covered by Malpractice Insurance, Federal Court Rules
(DBN)

Sext Discrimination? Ex-Employee Says Associate Sent Her Junk Email Linking to Alleged Partner Photo
(DBN)

‘I Am the Prize’ Ex-DA: Civil Rights Law Doesn't Protect Crime Victim from DA’s ‘Flirtatious’ Texts
(DBN)

2L Bitter Over Law Review Snub Illustrates Why He Wasn’t EIC Material
(DBN)

Profs Defamed by West Reject Judge's Ultimatum
(DBN)

Disgruntled UVA Students Show Their Ire
(DBN)

Allen Iverson to police: 'Do you know who I am?'
(DBN)

Police arrest the fax escape man
(DBN)

Black-faced suspects quickly apprehended
(DBN)

Teacher threatens student with lawsuit for complaining about grade
(DBN)

Ex-Prosecutor Goes on Trial for Knifepoint Carjacking
(DBN)

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Judges:

Judge Faces Removal for Allegedly Colorful Behavior
(DBN)

Hundreds of Convictions to Be Reversed, Due to Questioning of Prospective Jurors in Chambers
(DBN)

"Jersey Shore"-Scandal Judge Was No Snooki, Eh, Schnook Supporters Say
(DBN)

Judges' Refrain? 'I'm With the Band'
(DBN)

Chief Judge Kozinski to the Winklevii: Please Go Away Now
(DBN)

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Wall Street:

Stock index futures point lower on Japan
(DBN)

US Stocks Close Mixed As DJIA Ekes Out Slim Gain, S&P 500 Slips
(DBN)

JPMorgan Accused of Breaking Its Duty to Clients
(DBN)

Why Feds Hire So Many Wall Streeters
(DBN)

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Layoffs:

Fed Worries About Discouraged Workers
(DBN)

Atlanta: Wages Not Keeping Pace
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

Most Americans have government-subsidized health care
(DBN)

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Autos:

Toyota Tells US Dealers to Brace for Reduced Car Supplies
(DBN)

Marchionne Says Chrysler Production Impacted by Japanese Supply Shortages
(DBN)

Fiat Raises Stake In Chrysler To 30%
(DBN)

Spyker Said to Plan Saab Auto Asset Sale to Antonov Company to Raise Funds
(DBN)

Automaker's Next Worry? China Slow Down
(DBN)

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Gas Stations:

Gas Prices Soar, Gas Stations Scrape By
(DBN)

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Utilities:

Dynegy's bankruptcy warning merely talk, for now
(DBN)

Composite Technology Files for Chapter 11 Protection
(
DBN)

Dear Private Equity Industry: Don't Shoot Yourself in the Foot
(DBN)

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Distressed Investing:

Lee to sell junk bonds, avoid bankruptcy. Vultures Unfed
(DBN)

Sob story of the day, vulture-fund edition
(DBN)

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Pharma:

U.S. judge OKs Angiotech bankruptcy plan
(DBN)

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Goats:

‘Ka-Boom’ is Good News for Goats
(DBN)

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Dinosaurs:

Austinite claims teenage T. Rex fossils
(DBN)

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Corporate Reform:

NY Fed chief says regulators need increased access to global banks
(DBN)

Consumer Bureau's Warren Outlines Accord With State Regulators
(DBN)

U.S. consumer bureau to impose new rules by January
(DBN)

Warren: GOP Out to Kill Consumer Protection Agency
(DBN)

Amend And Extend, SEC Style
(DBN)

Private Equity Firms In Last-Ditch Fight Against Registration
(DBN)

Why Aren't Honest Bankers Demanding Prosecutions Of Their Dishonest Rivals?
(DBN)

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Tax:

Congress could look to link tax collection, passport issuance
(DBN)

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Chemicals:

Baker & McKenzie Sued for $600 Million for Role in Chemical Company Demise
(DBN)

Highland Capital Sues UBS Securities Over Lyondell Loan
(DBN)

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Student Debt:

Student loan debt is now more than credit card debt
(DBN)

College Loans Weigh Heavier on Graduates
(DBN)

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Food/Beverage:

Court approves sale of Charlie Brown's restaurants
(DBN)

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Economy:

Economists See Stronger Growth Ahead
(DBN)

Global economy on the mend, IMF says
(DBN)

IMF: Sluggish US Economy Needs Cheap Money
(DBN)

Both sides dig in as new budget wars loom
(DBN)

The Debt Ceiling, Explained
(DBN)

GOP to argue Volcker study didn't consider rivals
(DBN)

Obama to back Simpson-Bowles
(DBN)

Gang of Six: Window Closing for Solving Debt Problem
(DBN)

Federal Debt Grew $54B During Budget Fight
(DBN)

Oil falls from 32-month high on demand concerns
(DBN)

Can Taxing the Rich Erase the Deficit?
(DBN)

The Land of Paul Ryan's Austeria
(DBN)

Paul Ryan's Slasher Novel
(DBN)

Gullibility
(DBN - NY Times - Paywall Limit Possible)

The graph all budget discussions should start with
(DBN)

PIMCO's Big Bet Against Treasuries
(DBN)

One Huge Difference Between The US Debt Crisis And The Subprime Collapse
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Housing Starts: Vacant Units and Unemployment Rate
(DBN)

Senators say down-payment requirement not their intent for housing finance law
(DBN)

Fla. high court to take up foreclosure matter
(DBN)

Stern law firm seeks to exit from cases
(DBN)

Florida foreclosure attorneys allege rocket docket abuses
(DBN)

Foreclosure note enough for trustee standing: Florida appellate court
(DBN)

Illinois Supreme Court forms committee to deal with foreclosure mess
(DBN)

Bank Foreclosure Deal Shouldn't End Individual State Probes, New York Says
(DBN)

NYC: With settlement elusive, foreclosures continue to tumble citywide
(DBN)

Fitch reports slowing subprime delinquencies, foreclosure sales
(DBN)

Report Finds Disparities In REO Maintenance
(DBN)

Housing advocacy groups investigate lenders, asset managers
(DBN)

More Florida Foreclosures Rejected by Courts
(DBN)

Right-to-Rent Would Ease Foreclosure Mess
(DBN)

More St. Joe Executives Get the Ax
(DBN)

Farkas trial: Ex-CEO describes his role
(DBN)

Major Title Insurance Company Closes
(DBN)

Financial consumer watchdog Elizabeth Warren
(DBN)

Detroit housing market falls further in March
(DBN)

Wells Fargo hosting workshops to help borrowers in foreclosure-ridden Detroit
(DBN)

Portrait Homes parent files for bankruptcy
(DBN)

Judge hears Stanbrough's financial plan for Keck center
(DBN)

Would You Turn Your House Into A Billboard If The Advertiser Paid Your Mortgage?
(DBN)

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Fraud:

Middleman pleads guilty in $32M "law firm" insider trading scheme
(DBN)

How To Concoct An Insider Trading Scheme In A Few Easy Steps
(DBN)

In Insider-Trading Case, Last Name to Emerge Could be First
(DBN)

In Insider Case, a Long-Cold Trail Got Hot
(DBN)

Rajaratnam Was 'Amazingly Educated,' Research Head Testifies
(DBN)

Gupta Says U.S. Judge in New York Should Handle Suit to Block SEC's Action
(DBN)

Galleon Opens Defense; Rajaratnam Testimony Still Not Known
(DBN)

Atty Tarnishes Witness Testimony In Galleon Trial
(DBN)

James DeVita Interview on Rajaratnam Trial
(DBN)

Burns Interview on Rajaratnam Trial
(DBN)

For Defense in Galleon Trial, No Time to Rest
(DBN)

Raj Lawyers Launch Defense; Big Question Still Looms
(DBN)

Raj didn't use insider-information: Galleon president
(DBN)

The Next Best Crooks
(DBN)

Why Insider Trading Is Wrong
(DBN)

Bill for Spongetech fraud: $52 million
(DBN)

SEC files complaint against alleged Powder River Ponzi scheme
(DBN)

WexTrust exec gets 13 yrs prison in Ponzi case
(DBN)

Madoff Execs Can't Fund Defense With Ponzi Loot
(DBN)

David Sokol Had Way More Discussions With Lubrizol's Bankers About A Berkshire Purchase "Than Previously Disclosed"
(DBN)

Sokol Knew Lubrizol Board Would Be Told of Berkshire Interest, Filing Says
(DBN)

Goldman Sachs Accused by Marvell Founders of Margin Fraud
(DBN)

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Lehman:

Lehman Creditors Continue Push For Multiple Plan Consideration
(DBN)

UBS to Pay FINRA Fine, Restitution to Investors in Lehman PPNs
(DBN)

Lehman $61 Billion Plan 'Unlikely' to Succeed, Goldman, Silver Point Say
(DBN)

How Cloud Computing Rose From Lehman Brothers' Ashes
(DBN)

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Hedge Funds:

Hedge funds enjoy record inflows in February
(DBN)

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Mass Torts:

AGs Claim Feinberg Gives BP a Pass to 'Distort' Truth & 'Subvert' Claims
(DBN)

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Symphonies:

New Symphony Group Teams With Musicians
(DBN)

Pew will not give to Philadelphia's Orchestra's financial-recovery effort, sources say
(DBN)

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Oil/Gas:

Drivers start to cut back on gas as prices rise
(DBN)

Is $4 A Gallon The New Normal?
(DBN)

Crude Tumbles In Asia On Global Growth Concerns
(DBN)

______________

Software:

SCO closes sale of Unix system to Nevada company
(DBN)

______________

Religion:

Jesuits to send apologies, give thanks for bravery of survivors
(DBN)

In Milwaukee, Dublin Archbishop urges honesty in sex abuse cases
(DBN)

Archdiocese trusts scrutinized
(DBN)

______________

Banking:

Bankers Get Off Scot-Free in Industry Overhaul
(DBN)

Lawsuit: Jamie Dimon Not that Smart
(DBN)

______________

Sovereigns:

Rogoff: We are Facing a Profound Crisis
(DBN)

______________

Small Business:

Small firm lending fell during recession
(DBN)

Direct Capital to Provide Small Business Working Capital Loans
(DBN)

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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)

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Miscellaneous:

Vitro, Lehman, Blixseth, Ultimate, Orchard Brands: Bankruptcy
(DBN)

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Sales:

River Road court certifies direct appeal to the Seventh Circuit Court of Appeals on credit bid issue
(DBN)

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Bankruptcy Statistics:

Albany-area bankruptcy filings drop 15% in 1Q
(DBN)

Mid-Florida bankruptcies declining after record 2010
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Litigation:

Bringing Project Management Skills to E-Discovery
(DBN)

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Standing:

Securitization Certificate Holders Are Told to Take a Seat: Court Denies Standing and Finds that Certificate Holders Are Not Parties in Interest
(DBN)

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Consolidation:

A statutory basis for substantive consolidation?
(DBN)

______________

Finance:

Capmark Judge to Decide If Creditors Can Sue Goldman Sachs Units Over Loan
(DBN)

Of burning bridges and liquidating trusts: enhanced liability risks for VCs and VC funds extending bridge loans
(DBN)

_____________

Microfinace:

Cash crunch may force MFIs to opt for debt recast
(DBN)

______________

Litigation:

PwC Releases 2010 Securities Litigation Study
(DBN)

______________

Trade Claims:

Sellers of goods beware! A written reclamation demand may not be enough
(DBN)

______________

Insurance:

Directors and officers insurance could become unprofitable: Agency
(DBN)

Read this Before You Buy Insurance
(DBN)

Fed to Auction More AIG Bonds
(DBN)

______________

Celebs:

Toni Braxton "Clears Up Bankruptcy Rumors"
(DBN)

Toni Braxton: “I'm Considering Retiring”
(DBN)

Back taxes has Ozzy and Sharon Osbourne's L.A. home in Jeopardy
(DBN)

______________

Accounting:

New York Court of Appeals maintains status quo on imputation, in pari delicto defenses
(DBN)

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Municipalities:

Bankruptcy bill aired in House, no vote
(DBN)

California's Calendar of Doom
(DBN)

After Years of Cost Cuts, Texas Tries to Find More
(DBN)

Jefferson County finances leave lawmakers wanting more information
(DBN)

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UK:

Insolvency Service practitioners receive the most complaints
(DBN)

UK Bank-Overhaul Debate Still Wide Open
(DBN)

Depositors to get preference
(DBN)

Vickers Report 'Spikes Guns' of Banks Threatening to Quit London
(DBN)

Ringfenced but game’s far from up
(DBN)

U.K. bank reform based on misguided ideas
(DBN)

UK Banks Can Breathe a Sigh of Relief
(DBN)

Another Massive Warning Comes From The UK
(DBN)

Appointment of Administrators - 11 April 2011
(DBN)

Winding Up Petitions - 11 April 2011
(DBN)

UK Inflation Unexpectedly Slows as Stores Cut Food Prices
(DBN)

UK: Retail Sales Fall Worst on Record
(DBN)

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EU:

ECB Weber: Private Creditors Must Share Cost Of Future Crises
(DBN)

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Canada:

McCarthy lawyer authors new insolvency text
(DBN)

Alleged fraudster from Abbotsford arrested in Ontario for Ponzi scheme
(DBN)

Nortel pensioner leads attack on Tories
(DBN)

Man charged in $37-million fraud returned to B.C. to face trial
(DBN)

______________

Germany:

German Economic Sentiments Plummets Amid Rising Oil And Trichet's Rate Hike
(DBN)

______________

PIIGS:

Greek Decision Time Nears
(DBN)

Greek Debt - the Endgame Scenarios
(DBN)

Greece seeks to raise €1.25 billion in treasury bill auction
(DBN)

Allied Irish loss soars to $15 bln, axes 2,000 jobs
(DBN)

Drumm's Boston bankruptcy hearing reveals spending sprees
(DBN)

______________

Japan:

Japan quake's economic impact worse than first feared
(DBN)

BOJ Minutes Show Concern on Quake Impact
(DBN)

Japan nuclear crisis upgraded to Chernobyl level
(DBN)

Japan's economy stalls as tremors rattle markets
(DBN)

______________

Mexico:

Mexico's Vitro says prepackaged bankruptcy approved
(DBN)

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China:

China surprises with trade deficit
(DBN)

______________

Iceland:

President of Iceland: Icesave Won't Have Bad Impact
(DBN)

Iceland May Regret Latest Icesave Rejection
(DBN)

______________

Afghanistan:

Hamid Karzai blames US for collapse of corruption-hit Kabul Bank
(DBN)

______________

Australia:

Bankruptcies decline 17.4 per cent in March
(DBN)

______________

MENA:

Egyptian Blogger Facing Three Years In Prison for Criticizing New 'Democratic' Regime
(DBN)

Egypt: Meet the New Boss, Same as the Old Boss
(DBN)

Mubarak to appear in Cairo court
(DBN)

Libyan rebels reject African Union cease-fire proposal
(DBN)

West wants Gaddafi gone, but divided over how
(DBN)

Gaddafi hunkers down under sanctions
(DBN)

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Copyright 2011