April 29, 2011

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:

2010 Numbers Are In: Biglaw Profits Up, Bodies Down
(DBN)

Ben-Ezra lays off 154 additional staff, halts foreclosure practice
(DBN)

How Firms Stack Up: 2011 Profitability Index
(DBN)

Shortest Deposition Ever
(DBN)

Solving the Part-Time Puzzle
(DBN)

Baker Donelson Names New Bankruptcy Partners
(DBN)

Skadden Will Make the 2011 Private Companies List
(DBN)

Patton Boggs, Collingwood Group join forces
(DBN)

Ex-Yoss CEO Lands at Genovese Joblove
(DBN)

How the Law Accepted Gays
(DBN - NY Times - Paywall Limit Possible)

Dechert: Our Culture Is Not Macho, and We Don’t Encourage Stereotypical Roles
(DBN)

No Es Muy Macho: BigLaw Firm Denies "Caregiving Is Women's Work" Culture
(DBN)

Former Silicosis Clients Sue O'Quinn Law Firm, Estate
(DBN)

Top Ten Family Friendly Firms According to Yale Law Women
(DBN)

In-House: Empirical Proof That Twitter Doesn't Work!
(DBN)

Law Firm Transparency: Whether or How to Disclose?
(DBN)

NALP 2011: Law Firm Transparency – From Black Boxes to Glass Houses
(DBN)

What Not To Do With A Small Firm Website
(DBN)

Law school recovering from massive tornado
(DBN)

Force Majeure
(DBN)

Killer Tornadoes Devastate Multiple Areas in South, Take Roof Off Courthouse and Law Firm
(DBN)

AIG, BofA, Primus, SAC Capital, Starbucks, KPMG in Court News
(DBN)

Lawyer Gets 2-Year Suspension After Sending Video to Undercover Officer He Thought Was 16
(DBN)

‘Fantastical’ 9/11 Lawsuit Could Lead to Sanctions for Lawyer, 2nd Circuit Says
(DBN)

Jail Recorded Almost 300 Law Firm-Client Phone Calls, Then Passed Them on to Others in Discovery
(DBN)

Training Day
(DBN)

New TV Series Will Explore What Happened to Young Lawyer in Grisham’s ‘The Firm’
(DBN)

Colo. AG Sues Fla. Debt Management Law Firm, Alleges Unauthorized Practice In Violation of Business Registration Law - News - ABA Journal
(DBN)

Maine legalizing switchblades for one-armed people
(DBN)

Man dressed as cow steals 26 gallons of milk from store
(DBN)

______________

Judges:

Federal Judge Accuses US of ‘Blatantly False’ Representations
(DBN)

Federal Judge to Time Lawyers in 9/11 Trial ‘Like a Speed Chess Match’
(DBN)

Justice Stevens Reveals Plan to Write a Book, Talks About Decision to Retire
(DBN)

Take Your Child Someplace Other Than Work Day.
(DBN)

Shamed Judge Pleads to Keep His Job, Tells Top SD Court ‘I’m Not Perfect But I Have Changed’
(DBN)

Why Justices Ginsburg And Breyer Should Retire Immediately
(DBN)

______________

Wall Street:

US stock futures flat; data, reports in focus
(DBN)

World markets sink on slowing US economic growth
(DBN)

Dow at nearly 3-year high
(DBN)

Stocks Close Mostly Higher Despite Weak Economic Data
(DBN)

______________

Layoffs:

US Initial Claims Rise 25000 to 429000; Auto Layoffs Not Major
(DBN)

Best Job Market for U.S. Grads Since 2008 Leading to Multiple Offers
(DBN)

99ers grow by a million last year - still no unemployment extension
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Chrysler CEO Says Repaying $7.53 Billion to US, Canada Will Boost Image
(DBN)

Marchionne 'itching to go' with new Chrysler
(DBN)

Timothy Geithner: We rescued GM, Chrysler 'to save jobs'
(DBN)

GM CEO says no production disruptions due to Japan
(DBN)

Russian investor gets initial nod as Saab owner
(DBN)

Spyker can't meet Saab target, taps shareholders
(DBN)

Parts Suppliers' Chief Calls Saab Situation 'Extremely Serious'
(DBN)

Toyota Judge Tentatively Rules That Automaker Must Face Claims Over Losses
(DBN)

______________

Machinery:

Circor's unit emerges from bankruptcy protection
(DBN)

______________

Shipping:

Horizon Lines shares soar as threat of bankruptcy eases
(DBN)

______________

Solar:

Is Evergreen Solar Flirting with Bankruptcy ?
(DBN)

May need to raise cash sooner than expected
(DBN)

______________

Retailing:

OfficeMax shares tumble as results disappoint
(DBN)

Susie's Deals Files for Bankruptcy Protection
(DBN)

______________

Telecoms:

Rural telco bankruptcy rumors emerge
(DBN)

______________

Corporate Reform:

Low-key regulator in line to take on Wall St titans
(DBN)

Elizabeth Warren: Congress out to knife the bureau
(DBN)

Time is Short For CFPB Chief Nomination
(DBN)

Watchdog Expects More Charges Related To Wall Street Bailout
(DBN)

______________

Bonds:

A Make Whole with a Hole: In re Trico Marine Services
(DBN)

______________

Economy:

Fed balance sheet expands to record
(DBN)

US economic growth slows to 1.8%
(DBN)

Where the Economy Grows, and Doesn't
(DBN)

How Slower Consumer Spending Stifles GDP
(DBN)

Slower Growth, Higher Prices: Tight Spot for the Fed
(DBN)

Here Comes Stagflation!
(DBN)

Economists React: First-Quarter GDP 'Stutter' Likely Temporary
(DBN)

Warren Buffett's Next Deal Is a Guessing Game
(DBN - NY Times - Paywall Limit Possible)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Ben Ezra & Katz shutting down its foreclosure business
(DBN)

Replacement lien on future rents does not provide adequate protection
(DBN)

Absolute assignment of rents enforced under New York law
(DBN)

Judges See Little Improvement in Foreclosure Procedures
(DBN)

Banks' foreclosure efforts thwarted by lawyers finding fault
(DBN)

Realtors see double dip for home prices, too
(DBN)

Mortgage rates fall in latest survey
(DBN)

Delinquency rates improve slightly in 1Q
(DBN)

LPS earnings drop almost 23% in first quarter
(DBN)

A nation of renters and hoarders
(DBN)

The Mortgage Was Like a Shell Game; So Is Responsibility in 3 Deaths
(DBN)

Foreclosure bill voted down in California, fight not over
(DBN)

Property values for Houston, Harris County dip for 2nd year
(DBN)

Las Vegas foreclosures catch up with high rollers
(DBN)

Final rescue plan at One Madison expected within week
(DBN)

Des Moines bank will sell Northland project at fraction of cost
(DBN)

KS Partners pressured at Porter Square Galleria
(DBN)

Fannie, Freddie align servicing guidelines for delinquent mortgages
(DBN)

Mortgage insurance pain pushes Old Republic to $12.9 million loss in 1Q
(DBN)

Nine indicted in $3 million Florida mortgage fraud scheme
(DBN)

Banks Whittle Away at CRE Assets While Waiting To Jump Back Into Lending
(DBN)

EpiCentre creditors in line for 10 cents on dollar
(DBN)

Former Cedar Funding owner fights sanctions
(DBN)

_____________

Municipalities:

States Need Bankruptcy-Like Options for Leverage
(DBN)

Consideration for bankruptcy legislation for states appears dead
(DBN)

Tornado Strains Jefferson County as Officials Weigh Bankruptcy
(DBN)

County Was Struggling Even Before the Storm
(DBN)

S&P lowers outlook on public housing bonds to negative
(DBN)

Philly Plans To Lay Off Nearly 4,000 Teachers And School Workers
(DBN)

______________

Lehman:

Lehman Minibond Holders Appeal Bankruptcy Judge's Decision
(DBN)

Lehman Pays Managers, Advisers $31.9 Million in March
(DBN)

Nomura bet on expansion is yet to pay
(DBN)

______________

Baseball:

Dodgers Judged in Court of Selig
(DBN)

The Bum Is Broke
(DBN)

Worried about a potential Rays bankruptcy, St. Pete hiring lawyer
(DBN)

The New York Mets Could Lose $70 Million This Season As Team Debt Soars To $625 Million
(DBN)

Rangers reach parking deal with Hicks
(DBN)

______________

Health Care:

Doctor fights to stay, despite bankruptcy
(DBN)

______________

Insurance:

First Of A Kind - Judge upholds solvent reinsurer's commutation plan
(DBN)

______________

Video Rentals:

Blockbuster Ruling Halts Lions Gate Rental Revenue
(DBN)

______________

Banking:

FDIC Doubles Down on the Safe Harbors
(DBN)

Watchdog: More than 550 banks still owe the government
(DBN)

Bank of America, Citibank, UBS Manipulated Libor, Suit Says
(DBN)

______________

Credit/Debit Cards:

Banks embrace rate hikes tied to late card payments
(DBN)

The Politics of Swipe Fees
(DBN)

Dora the Explorer on Debit Interchange: Swiper No Swiping!
(DBN)

______________

Religion:

Christian Brothers of North America file for bankruptcy
(DBN)

Sex abuse claims bankrupt Catholic order
(DBN)

______________

Celebs:

Auction set for former Blazers' house
(DBN)

______________

Derivatives:

Goldman Sachs, JPMorgan Face EU Antitrust Probe of CDS Market
(DBN)

______________

Private Equity:

Highland Seeks $750M For Distressed Opps
(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:

South Edge, Blixseth, Scovill, NEC, Wilshire Hotel: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

FL: Bankruptcy cases see first drop in five years
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Poetry:

The View from Olympus
(DBN)

______________

Plans:

Court Provides Senior Creditors With an Additional Mechanism for Obtaining the Right to Vote a Junior Creditor's Claim in a Bankruptcy Reorganization
(DBN)

Now you see it, now you don't: imprecise claim preservation leads to evaporating value
(DBN)

______________

Precedent:

“Till” is Cherished Still… (Despite Losing the Sweet Sixteen Contest)
(DBN)

______________

Filing Eligibility:

Bankruptcy dismissed: debtor's operating agreement bars a bankruptcy filing
(DBN)

______________

Fraud:

Berkshire Hathaway Gets An “I” For Incomplete On Sokol Investigation
(DBN)

Berkshire Fires Back Against Sokol's Lawyer
(DBN - NY Times - Paywall Limit Possible)

Advice for David Sokol
(DBN - NY Times - Paywall Limit Possible)

The Buffett judgment question
(DBN)

Henriques Says Madoff Seemed `Harmless' at First Sight
(DBN)

Raj Rajaratnam: Michael Lauer Acquitted
(DBN)

The Waiting Game: Notes From a Tense Courtroom
(DBN)

Rajaratnam Lawyer Dowd Waits for Jury, Shares War Stories, Vacation Plans
(DBN)

Hello Insider-Trading Probe, Goodbye Privacy
(DBN)

AIG Files Fraud Suit Over CDOs
(DBN)

Golf Channel Denies Prior Knowledge of Alleged Stanford Scheme
(DBN)

______________

Hotels:

TPG Capital Is Said to Be Bidder for Innkeepers USA in Bankruptcy Auction
(DBN)

Ritz Carlton in Beaver Creek in $61 million foreclosure
(DBN)

______________

Orchestras:

Symphony Cancellations Pile Up After Bankruptcy
(DBN)

Brilliant suggestions for solving orchestra's crisis
(DBN)

______________

Hockey:

NHL sends Glendale invoice for $25 million
(DBN)

______________

Food/Beverage:

Tavern on Green Deal With New York Wins Court's Approval
(DBN)

A&P Wins Approval of Executive Bonuses Ahead of Union Talks
(DBN)

______________

Bankruptcy Vendors:

Epiq Systems Announces 2011 First Quarter Results Led by 25% E-Discovery Operating Revenue Growth
(DBN)

______________

Hollywood:

David Bergstein, Ronald Tutor Settle Lawsuit on Eve of Trial
(DBN)

______________

Oil/Gas:

Exxon Profit Nearly $11 Billion in 1Q
(DBN)

Political heat rises along with profits and pump price
(DBN)

______________

Ethanol:

Hockley County ethanol plant files Chapter 11 petition
(DBN)

______________

UK:

All Saints has it$ prayer answered
(DBN)

Appointment of Administrators - 28 April 2011
(DBN)

Winding Up Petitions - 28 April 2011
(DBN)

______________

Canada:

Jones victims' hard work pays off with $3.1 million refund in taxes
(DBN)

Debt shows no age
(DBN)

______________

Japan:

Japan Inc net profit tumbles in after quake: poll
(DBN)

______________

Iceland:

Record Number of Businesses Go Bust in Iceland
(DBN)

______________

PIIGS:

For Sickly Nations, Answer Lies in a Vicious Circle
(DBN)

Irish Health Care: GPs are 'on verge of bankruptcy '
(DBN)

Quinn Insurance Lost €706 Million In 2009 And €160 Million In 2010
(DBN)

Call For Guarantees Led To Nama Rift With Grehans
(DBN)

______________

Czech Republic:

Sazka's Debt May Rise to $553 Million, Hospodarske Reports
(DBN)

Czech President Criticizes Court's Ruling on Austerity Law
(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-lumn 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.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

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).

 

Copyright 2010