April 19, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Quinn Emanuel Matches Spring Bonuses at 2000 Hours — Then Things Get Crazy Fun
(DBN)

Bankruptcy Judge Threatens to Replace Disputing Lawyers
(DBN)

DLA Piper Promotes Two New Bankruptcy Partners
(DBN)

Firms promote as laterals prove elusive
(DBN)

NY State Bar Recommends Firms Restructure, Change Practices
(DBN)

How Much Was Joe Flom Worth? Some Clues From His Will
(DBN)

Forced-Out Partners: Become "Interim Executive"
(DBN)

A Study of Outside Counsel Guidelines Over the Past Four Decades
(DBN)

Unproven but Intriguing Idea of the Day: JD Match
(DBN)

New ‘JD Match’ to Help Law Firms Find Law Students to Interview; K&L Gates Giving Service a Tryout
(DBN)

Bryan Cave bankruptcy attorney Palans heading to NY
(DBN)

Small Firms: How Do You Set Your Billing Rates?
(DBN)

US firms’ stellar London financials put UK high-fliers in hiring line
(DBN)

How Much Would I like to Be Paid? A Lot, Please
(DBN)

You're in the Army Now
(DBN)

BigLaw Program Helps New Parents Return to Firm
(DBN)

Would You Hire An Attorney Who Needed To Bring Her One-Year-Old To Work?
(DBN)

Making it at Microsoft: Lessons for Law Firms
(DBN)

Giant Pictures Of African-American Males Make One Law Student Feel Unwelcome
(DBN)

Bonds Appeal Likely to Focus on Strangeness of Verdict
(DBN)

Eric Lindell Hates to Lose
(DBN)

The Practice of Law in the Era of 'Big Data'
(DBN)

Frank McCourt Strikes Out
(DBN)

I Sent You a Draft Motion -- See, We Met and Conferred!
(DBN)

Punk Band Wins Legal Skirmish, Lambastes Fulbright in Animated Video
(DBN)

Ex-Lawyer from Well-Known Palm Beach Family Expected to Plead Guilty in $600K Client Theft Case
(DBN)

Collision with Cyclist Leads to Law License Suspension
(DBN)

Ex-BigLaw Partner, Boyfriend Pleading the Fifth in Young Lawyer's Murder
(DBN)

Law Firm Could Face Big Bill After Sending 1000s of Letters Threatening to Bring File-Sharing Suits
(DBN)

Rajaratnam, Goldman, Taylor Bean, ISG Pearce, Wells Fargo in Court News
(DBN)

High Court Decides Not to Decide Health-Care Challenge . . . For Now
(DBN)

Ode to the Guy Stealing Power
(DBN)

A New Contender for Worst Legal Brief
(DBN)

Five Nom de Guerres to Avoid :))
(DBN)

After Latest $450K Poker Win, Yale Law Student Says She May Practice Only Part-Time
(DBN)

______________

Judges:

Mulling a Presidential Run: Former Judge Roy Moore
(DBN)

NY State Court System: 400-500 layoffs expected
(DBN)

______________

Wall Street:

US Stock-Index Futures Retreat
(DBN)

Futures hold steady ahead of Goldman, J&J results
(DBN)

Dow Closes Down 140 Points
(DBN)

Stocks Slide After US Outlook Downgrade
(DBN)

______________

Layoffs:

Bank Of America Eliminates 1,500 Jobs
(DBN)

Big U.S. Firms Shift Hiring Abroad
(DBN)

'Voluntary Departure' Under WARN Act Is Ripe for US Supreme Court Review
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

FDIC Defends Wind-Down Powers
(DBN)

Citi profit falls as revenue shrinks, expenses surge
(DBN)

Citi trailing its Wall Street rivals
(DBN)

Citigroup Shares Rise as Profit Beats Estimates, Bad Loans Drop
(DBN)

Give Citi credit, the zombie is breathing
(DBN)

Citigroup's Bad Bank Bridles Growth
(DBN)

Gaming Bank Earnings Reports
(DBN - NY Times - Paywall Limit Possible)

FDIC's Bair: Banks may need capital buffers
(DBN)

Investment Funds Allege Banks Conspired to Manipulate Libor
(DBN)

Pace of Bank Failures Slows, But Distressed CRE Still Taking its Toll
(DBN)

______________

Fraud:

Rajaratnam Defense Rests in Galleon Insider-Trading Case
(DBN)

Silence of the Raj
(DBN)

Missed by a smile
(DBN)

U.S. stings Rajaratnam with phone tap to end case
(DBN)

If The Galleon Trial Were A Law And Order Episode, Who Would Star?
(DBN)

Rajaratnam character witness paid millions: Prosecution
(DBN)

Rajat Gupta asks US judge to hear his suit
(DBN)

'Generous' to a fault
(DBN)

Rajartnam's PowerPoint Defense
(DBN - NY Times - Paywall Limit Possible)

Gov't: Mortgage Co. Owner Farkas Led $3B Fraud
(DBN)

Taylor Bean Jury Set to Start Deliberations in Ex-Chair Farkas Fraud Case
(DBN)

US Attorney Bharara Seeks to Toss Madoff Investor's Settlement Claim
(DBN)

Two years after Stanford Ponzi scheme exposed, victims still fighting to get their money back
(DBN)

SEC Accuses Virginia Advisor Of $7.7M Fraud
(DBN)

______________

Alternative Energy:

Solar power projects could trip as poor prospects keep financers away
(DBN)

______________

Municipalities:

House panel OKs local government bankruptcy prevention bill
(DBN)

Bill Allowing Municipal Bankruptcy Advances to House Floor
(DBN)

State bankruptcy filings – the pros and cons of allowing states to file for bankruptcy (like municipalities) or 'speak softly and carry a big stick'
(DBN)

Muni Bankruptcy Threat Makes Michigan Train Financial SWAT Teams
(DBN)

More than 300 attend seminar for emergency financial managers
(DBN)

Muni default, bankruptcy concerns overblown-Chicago Fed
(DBN)

______________

Health Care:

Would Paul Ryan’s Medicare voucher plan increase the medical bankruptcy rate?
(DBN)

______________

Golf:

Virginia country club has bankruptcy filing issues
(DBN)

_____________

Fashion:

American Apparel racing to secure financing
(DBN)

American Apparel Looking for Financing Deal
(DBN)

______________

Bankruptcy Crimes:

Louisiana Couple Convicted of Perjury Charges Related to Bankruptcy Assets
(DBN)

______________

Celebs:

Lenny Dykstra's Latest
(DBN)

Former 'Dallas' Star Settles With Citi
(DBN)

'The Real Housewives of Orange County' Recap: 'Riches to Rags'
(DBN)

Nicolas Cage Arrested: Nicolas Cage Bailed Out of Jail by "Dog the Bounty Hunter"
(DBN)

______________

Autos:

GM Boosting Vehicle Prices
(DBN)

GM stock drops to under $30 a share in intraday trading
(DBN)

US Hurries to Sell GM Stake
(DBN)

For Investors, the Shine Is Off the New GM
(DBN)

Nissan Car Inventories to Decline Sharply
(DBN)

The Assembly Line Is Rolling Again, Tenuously, at Honda in Japan
(DBN)

Apollo, Carlyle, Other Suitors Cool to Federal-Mogul Deal as Share Price Surges
(DBN)

______________

Accounting:

What Do We Make of All These Non-Accountant CFOs?
(DBN)

______________

Economy:

Bernanke May Sustain Stimulus to Avoid 'Cold Turkey' End to Aid
(DBN)

S&P cuts US rating outlook to negative
(DBN)

The implications of a downgraded US
(DBN)

S&P and Moody's disagree on US debt rating
(DBN)

S&P states the much-needed obvious on US debt
(DBN)

Ignore the S&P idiots and their downgrade nonsense
(DBN)

US sole triple-A country with negative outlook
(DBN)

Why bonds actually rose on S&P news
(DBN)

S&P: Lack of U.S. action led to outlook shift
(DBN)

S&P negative outlook on US debt linked to Fannie and Freddie
(DBN)

U.S. Treasury Criticizes S&P Move
(DBN)

S&P Cuts U.S. Debt Outlook: What Vikram Pandit Says
(DBN)

S&P Downgrade Of US Debt Says Nothing New
(DBN)

What Downgrade? Pros Shrug Off Warning From S&P
(DBN)

Republicans, Democrats Dig In on Debt After S&P Credit Downgrade
(DBN)

Gang of Six Sees S&P Move as Sign to Act Soon on Budget Plan
(DBN)

GOP seizes S&P warning to make debt limit case
(DBN)

Deficit Fix Elusive When Narratives Clash
(DBN)

S&P Discusses Its Decision to Cut the U.S. Credit Rating Outlook
(DBN)

Is the US no longer the safest place to invest?
(DBN)

The debt crisis: Negative watch
(DBN)

Obama's Plan For A Fundamentally Different America
(DBN)

Obama Embarks on Tour to Sell Debt Plan, Not Dwell on S&P Report
(DBN)

Budget debate: Obama blows up the bridge
(DBN)

How the Budget Deficit Could Lead to Generational Warfare
(DBN)

Can the Grand Old Party take on Medicare and survive?
(DBN)

Taxes to Balance the Budget? Not Unless Rates Go Up 150 Percent, Study Says
(DBN)

Fed's Fisher Expects to Advocate Tightening Later
(DBN)

After the Bailouts, Cracks Are Showing
(DBN)

Silver Lining? Recession Cuts Greenhouse Gases
(DBN)

World Bank: One Shock Away from Crisis
(DBN)

The Most Unequal Countries In The Developed World
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Judge Magner: Homework Regulators Aren't Doing
(DBN)

Omission on HUD-1 Form Leads to Lawyer’s Guilty Plea in Federal Mortgage Fraud Case
(DBN)

Judge Criticizes SunTrust Lawyers in Mortgage Insurance Case
(DBN)

Builders Probably Broke Ground on More US Homes in March
(DBN)

Americans Shun Cheapest Homes in 40 Years as Owning Loses Appeal
(DBN)

Citi to easily absorb costs of consent order; FDIC rule bigger hit
(DBN)

Why Foreclosuregate Won't Spur Mortgage Principal Reductions
(DBN)

“Progress” in AG Talks with Banks Over Foreclosure Settlement Doesn't Look Much Like Progress
(DBN)

Foreclosure Probe Talks Said to Yield Some Agreements With Banks
(DBN)

Fighting foreclosure ? Hope for the right judge.
(DBN)

32-Floors, Empty No More: Lonely high-rise condo owner finally gets company
(DBN)

Citi continues to sell billions in delinquent mortgages
(DBN)

S. Florida firm buys $500 million of bad home loans
(DBN)

Residential Remodeling Index shows strong increase year-over-year in February
(DBN)

Loans with data defects more likely to become delinquent
(DBN)

Bill would waive retirement plan withdrawal penalties to buy REOs
(DBN)

Hundreds apply for Hardest Hit program on first day
(DBN)

Does proposed Michigan foreclosure law kick owners out too quickly?
(DBN)

Madison County courts start foreclosure mediations
(DBN)

Little Springtime Cheer for Builders
(DBN)

Could Debt Worries Accelerate Fannie, Freddie Overhaul?
(DBN)

Vornado’s Roth: Don’t Discard Fannie, Freddie
(DBN)

Tousa wants to sell 71 acres near Houston for $500,000
(DBN)

Luxury Home Broker McMonigle Files for Ch. 7 Bankruptcy
(DBN)

Maronda Homes Inc. Files for Bankruptcy in Pennsylvania
(DBN)

Hilco takes new tactic in wake of bidding war over Emivest headquarters
(DBN)

Capmark unsecured lenders receive pro rata split
(DBN)

More CMBS Loans Being Paid Off At Maturity, Trepp Says
(DBN)

Consumer finance agency nears mortgage 'prototype'
(DBN)

_____________

Tax:

Nearly half don't owe taxes
(DBN)

Shocking Tax Facts
(DBN)

Are U.S. companies really drowning in taxes?
(DBN)

Super Rich See Federal Taxes Drop Dramatically
(DBN)

For the 400 U.S. taxpayers with the highest adjusted gross income, the effective federal income tax rate - what they actually pay - fell from almost 30 percent in 1995 to just under 17 percent in 2007
(DBN)

US Taxes Among the Lowest in the World
(DBN)

Happy Tax Day, Alexander Hamilton
(DBN)

Obamas Paid $453,770 in Federal Taxes Last Year
(DBN)

______________

Oil/Gas:

One Year Later, BP's Gulf Comeback Hijacked
(DBN)

Despite Gulf tragedy, more spills possible
(DBN)

Oil slides as S&P cuts ratings outlook on US
(DBN)

Gasoline Spike Tab Hits $100 Billion
(DBN)

I Smell a Rat in the Oil Market
(DBN)

______________

Corporate Reform:

Warren: New Prototype for Mortgage Forms Coming in May
(DBN)

Elizabeth Warren for senator
(DBN)

Warren's Calendar
(DBN)

Finding Goldman at Fault in the Financial Crisis
(DBN - NY Times - Paywall Limit Possible)

Actually, Jamie Dimon Now Likes New Consumer Bureau
(DBN - NY Times - Paywall Limit Possible)

FDIC claims Dodd-Frank could have eased blow from Lehman collapse
(DBN)

Why Goldman Won't be Prosecuted
(DBN)

Letting the Banks Off the Hook
(DBN)

______________

Compensation:

Wal-Mart's Duke Gets Compensation of $18.7 Million in 2010
(DBN)

LA Times wins Pulitzer for exposing big salaries
(DBN)

______________

Orchestras:

Philadelphia Orchestra Plays the Bankruptcy Blues
(DBN)

High costs, revenue drop hurt Philadelphia Orchestra
(DBN)

Philadelphia Orchestra's bankruptcy filing creates a global shock
(DBN)

American Orchestras: Endangered Species?
(DBN)

______________

Communications:

TerreStar Networks Seeks Approval to Sell Assets at Bankruptcy Auction
(DBN)

Nortel asks to sell US headquarters to Pillar Commercial for $43m
(DBN)

Nortel's Billions Headed Nowhere
(DBN)

______________

Theater:

Intiman Theater Cancels 2011 Artistic Season
(DBN)

______________

Debt Collection:

The Unique World of Small Business Credit Card Collections
(DBN)

Judge Orders Creditor to Stay Off Debtor’s Social Networking Pages
(DBN)

______________

Horse Racing:

Horse racing insiders say toughest year ahead for tracks
(DBN)

______________

Consultants:

Huron Consulting Names Executive VPs
(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, TerreStar, Seahawk, Gas City, Trico: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Rhino head, snow leopard sold in bankruptcy auction
(DBN)

______________

Plan Confirmation:

'Cram ups' of below market secured debt: a transformative restructuring strategy?
(DBN)

_____________

Consumer Bankruptcy:

Clearing a path for DIY bankruptcy
(DBN)

Court decides patient’s anxiety meant she lacked capacity to understand bankruptcy petition
(DBN)

______________

Tires:

Tire Maker Trayal to Restructure to Avoid Bankruptcy
(DBN)

______________

Lehman:

Galleon Offshore Unit Sells $146.7 Million Lehman Claim
(DBN)

FDIC says Lehman creditors lost out in bankruptcy
(DBN)

______________

Jewelry:

Former Fred Leighton Owner Pleads Guilty to Bankruptcy Fraud
(DBN)

Hofmeister's Files Chapter 11
(DBN)

______________

Retailing:

Borders execs to get big bonuses after laying off 6000
(DBN)

______________

Food/Beverage:

Bagel Boss Goes Kosher Ahead of Chapter 11 Filing
(DBN)

A.G. Ferrari reorganization closes three more stories
(DBN)

______________

Media:

At Tribune, Battle Expands
(DBN)

______________

Video Rentals:

Dish Network to keep about 600 Blockbuster stores open
(DBN)

______________

Hotels:

Kyoto Grand Exits Bankruptcy
(DBN)

Gunter Hotel listed for auction again
(DBN)

______________

Baseball:

LA Dodgers: Will Dodgers Payroll Troubles Prompts a Mid-Season Fire Sale?
(DBN)

______________

Distressed Investing:

The Raider in Winter: Carl Icahn at 75
(DBN)

______________

Education:

Pell Grant Cuts Hurt For-Profit Colleges After 8-Fold Rise
(DBN)

______________

Sovereigns:

Standard & Poor's Places 'Negative' Outlook on the US AAA Credit Rating
(DBN)

U.S. Bill Rates Slip on Greece, U.S. Outlook
(DBN)

______________

UK:

Surge in the number of UK retailers at high risk of insolvency
(DBN)

Hospitality and Leisure insolvencies show little improvement
(DBN)

Legal professional privilege battle goes to Supreme Court
(DBN)

New President of the Insolvency Practitioners Association appointed
(DBN)

Take care in changing insolvency rules
(DBN)

Another Retail Debacle
(DBN)

_____________

EU:

European Union Unity? Not on Debt Collection
(DBN)

Old Problems Give Euro New Headaches
(DBN)

ECB Trichet: Until Now, Inflation Expectations Stable
(DBN)

Euro Routed as Europe Debt Woes Trump US Warning
(DBN)

True Finns rock Finnish vote and stun Europe
(DBN)

______________

Canada:

Ontario Court of Appeal Grants Retirees Priority over Secured Creditors
(DBN)

Canadian Court Cracks the Nut of a Priming DIP; Are Secured Claims Next?
(DBN)

Workers in limbo as Scanwood in receivership
(DBN)

'That's it. Scanwood is done'
(DBN)

_____________

Germany:

Deutsche Bank Said to Reject $1.1 Billion Kirch Settlement
(DBN)

______________

PIIGS:

Talk of Greek Debt Restructuring Just Won't Die
(DBN)

EU denies Greek restructuring reports, markets wary
(DBN)

Greece knows must restructure -EU official says
(DBN)

No “Shared Sacrifice” for Greek Socialists
(DBN)

Extend and Pretend Greek Style
(DBN)

Greece Default Drive Risks Reviving Contagion as Bonds Plunge
(DBN)

The Real Reason Greece Still Denies The Restructuring Plan
(DBN)

Greek Yields Continue Incredible Surge, As Top Newspaper Advocates Default Threat
(DBN)

How Finnish election could derail Portugal bailout
(DBN)

It is too soon to talk of Spanish decoupling
(DBN)

Spanish Borrowing Costs Rise at Auction of Treasury Bills as Demand Falls
(DBN)

Cabinet to discuss McCarthy finding on asset disposal
(DBN)

Kenny Says Ireland Won't Default on Debt as Greece Investor Concerns Mount
(DBN)

Moody's Rates Ireland's Banks as Junk
(DBN)

EU Sovereign Debt Crisis Worsens on Shorts
(DBN)

______________

Japan:

TEPCO president under fire from Japan lawmakers
(DBN)

Unlike BP, Japan's crisis-hit TEPCO has little to sell
(DBN)

Let Tepco Go Bankrupt, If It Must
(DBN)

Radiation Levels a Bar to New Plan for Japanese Nuclear Plant
(DBN)

Challenges abound to control crippled reactors
(DBN)

The Ghost Towns Around Fukushima
(DBN)

Morgan Stanley defaulted and had to give the keys to a central Tokyo office building to Blackstone and other investors on Friday
(DBN)

______________

Cuba:

Facing reforms, Cubans react with varied emotions
(DBN)

______________

Italy:

Four banks cleared of market rigging in Parmalat collapse
(DBN)

______________

MENA:

Egypt's Ex-Premier Charged with Corruption
(DBN)

How Did Mubarak's Get Their Wealth?
(DBN)

Dubai Group in talks to restructure $10bn debt
(DBN)

______________

China:

China's Scary Housing Bubble
(DBN)

China May Tell Geithner to Go Away
(DBN)

China Orders Banks to Raise Revenues
(DBN - NY Times - Paywall Limit Possible)

______________

Korea:

Korean Builder Seeks Receivership
(DBN)

______________

Mexico:

Satmex Bonds May Yield Above 10% in Restructuring
(DBN)

______________

 

 

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