April 4, 2011

The Daily Bankruptcy News

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Law:

March Madness: The Weil Bankruptcy Blog’s Championship
(DBN)

April Fools and the Joke's on Lawyers: Legal Jobs Down Again in March
(DBN)

Panel Rejects Class Action Against Clifford Chance
(DBN)

Freshfields assigns associate to advise top brass
(DBN)

Transactional Law Heating Up
(DBN)

Lehman Brokerage Trustee Law Firm Got $19.5 Million in Fees in Four Months
(DBN)

SEC's David Kotz says 'significant criticism' of fees that Madoff trustee Irving Picard being paid
(DBN)

Lawyers and accountants to pocket $1B in Madoff clean up fees
(DBN)

Spring Bonuses At Gibson Dunn? Are They Happening? Only In New York? Is This Some Kind of Joke?
(DBN)

As Bulging Client Data Heads for the Cloud, Law Firms Ready for a Storm
(DBN)

Reed Smith Offers Free GC Hotline to Answer Questions of Clients’ Top In-House Lawyers
(DBN)

Working Smart: Create a Mentor Network
(DBN)

In the Last Four Years at Debevoise, the Majority of New Partners are Women
(DBN)

Paralegals Given Wider Latitude in Signing Business Correspondence
(DBN)

Uncle Sam Not Taking Sides in BigLaw's Fight to Recover $17 Million It Paid Out in Scandal
(DBN)

ABA Committee Members Show No Inclination to Start Over on Accreditation Standards Review
(DBN)

An argument for diversity
(DBN)

Shanetta Cutlar, Back in the News
(DBN)

Lathamed: The Movie
(DBN)

Millionaire Murderer Owes BigLaw Firm Big Bucks
(DBN)

Hate Crime Laws Applied in Increasingly Stupid Ways
(DBN)

______________

Judges:

Clarence Thomas' Cruelest Decisions
(DBN)

Legal scholars examine the U.S. high court's 'Supreme Mistakes'
(DBN)

______________

Wall Street:

Stock futures steady as oil prices rise above $108
(DBN)

European shares rise, M&A sustains 3-week rally
(DBN)

U.S. stocks start April on high note, gain on week
(DBN)

Stocks look to sustain key levels
(DBN)

______________

Layoffs:

Gallup: Unemployment at 10.0%; underemployment 19.3%
(DBN)

Two Ugly Numbers from Jobs Report
(DBN)

Why The Middle-Aged Are Missing Out On New Jobs
(DBN)

The Rich Get Richer, Everyone Else Gets Fired
(DBN)

Charting unemployment: April 2011
(DBN)

A 'Wage-Less' Recovery in the US
(DBN)

More Americans work for gov't than manufacturing, farming, fishing, forestry, mining, utilities -- combined
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Saab Is Running Out of Money And Could Collapse
(DBN)

Autos: Japan Crisis to be Felt This Month
(DBN)

Nissan Closes 5 N. American Plants in April
(DBN)

Ford Outsells GM for First Time in 13 Years
(DBN)

Ford Pays Mulally $26.5 Million for 2010 After Turnaround
(DBN)

Sales by Car Manufacturer for March
(DBN)

______________

Tax:

Rich Are Targeted in IRS Audit Offensive
(DBN)

Potential Tax Change Is Red Flag for Some Firms
(DBN)

Ex-BDO Partner Says He Wept Over Tax Shelter Scrutiny
(DBN)

______________

Aviation:

Passenger Jet Makes Emergency Landing in Arizona
(DBN)

"Widespread cracking" found on Southwest plane
(DBN)

Southwest grounds 79 jets, cancels 300 flights
(DBN)

NTSB: Cracks Found in 3 Grounded Southwest Planes
(DBN)

______________

Utilities:

Utility Revamps Debt to Aid Survival
(DBN)

Judge clears way for ruling on fate of water, sewer line insurance program
(DBN)

______________

Compensation:

US Pay Czar Freezes Salary for GM, AIG Chiefs
(DBN)

Fannie, Freddie executives earned millions
(DBN)

Top Goldman Executives See Rebound in Compensation
(DBN)

Goldman's Profits Slump, CEO Pay Doubles
(DBN)

What Crisis? Bank Pay Keeps Rising
(DBN)

CEO Pay Soars, Worker's Pay Stalls Out
(DBN)

Paulson tops list of top-earning hedgies
(DBN)

______________

Video Rentals:

Blockbuster showdown coming today in bankruptcy court
(DBN)

Icahn, Dish bid for Blockbuster assets
(DBN)

Blockbuster buyout bid 94% below '02 market value
(DBN)

Blockbuster reportedly getting bids from Dish, Icahn, SK Telecom
(DBN)

Why Does DISH Want In?
(DBN)

______________

Religion:

Church's equipment sold in bankruptcy process
(DBN)

______________

Corporate Reform:

Dodd-Frank Supporters Fire Back
(DBN)

Open Letter To President Obama On Nomination Of Elizabeth Warren
(DBN)

NYT vs HuffPo
(DBN)

Wall Street still in gov't crosshairs
(DBN)

The decline and fall of business ethics
(DBN)

______________

Celebs:

Mayweather tax trouble makes faster ring return more likely
(DBN)

Eva Longoria's Beso moves forward amid bankruptcy
(DBN)

______________

Consumer Finance:

If Texas won't act on payday loans, maybe feds will
(DBN)

______________

Cruise Ships:

Windstar Parent Company Files for Bankruptcy , Says Business As Usual
(DBN)

______________

Food/Beverage:

Harry & David's failed Mr. Fix-It
(DBN)

Sbarro Reaches Agreement on Pre-Negotiated Reorganization Plan
(DBN)

Sbarro files for Chapter 11
(DBN)

______________

Avoidance Actions:

Charities Agree to Return Petters Donations
(DBN)

______________

Golf:

PGA West Seeks Not to Be Left in Rough
(DBN)

Foreclosed LBS Golf Club stays open
(DBN)

Crowne Plaza San Marcos Golf Resort files for bankruptcy
(DBN)

______________

Economy:

Treasury Market Braces for Higher Interest Rates
(DBN)

Battle Lines Drawn on Fed's Next Moves
(DBN)

Economist: Fed on a Different Planet
(DBN)

Fed Hawks Challenge Easy Money Stance
(DBN)

Interest-Rate Increase 'Likely This Year'
(DBN)

Gauging the Pain of the Middle Class
(DBN)

US Unemployment Rate Unexpectedly Drops to Two-Year Low of 8.8% in March
(DBN)

U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005
(DBN)

Manufacturing in U.S. Expands Near Seven-Year High on Inventory Rebuilding
(DBN)

IEA Sees Economic Ups and Downs
(DBN)

Investors Hide From the US Dollar
(DBN)

US manufacturing posts 20th month of growth
(DBN)

Economy gains steam, but inflation a brake
(DBN)

GOP budget plan to cut more than $4 trillion
(DBN)

GOP budget plan would revamp Medicare and Medicaid to slash deficit
(DBN)

Lawmakers Bicker Over Budget 'Deal' as Shutdown Deadline Looms
(DBN)

Government shut-down: Obama calls Boehner - IRS plan is to take but not give
(DBN)

Forget the Budget, Bigger Congressional Battle Coming
(DBN)

Rep. Mulvaney: Budget Picture ‘Scares Me’
(DBN)

Senators Express Optimism on Avoiding Government Shutdown
(DBN)

Obama Administration: GOP Cuts Would Kill 70,000 Kids
(DBN)

Crude-oil futures break through $108 a barrel
(DBN)

Oil Prices Climbing, At 30 Month High
(DBN)

Gas Prices Show 7th Consecutive Weekly Increase
(DBN)

Small Lenders Banked on Fed
(DBN)

2007: The Bank Run They Didn't Tell Us About
(DBN - NY Times - Paywall Limit Possible)

Rep. Paul plans hearing
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

JPMorgan must pay $4 million to get foreclosure docs from Ben-Ezra
(DBN)

Republicans Question Warren's Involvement With Foreclosure Talks
(DBN)

Alabama judge denies securitization trustee standing to foreclose
(DBN)

Foreclosure Crisis: Fed-up Judges Crack Down On Disorder In The Courts
(DBN)

Follow the Money: From MERS to Fraudclosure
(DBN)

FDIC chair pushes for bank fund to settle foreclosure disputes
(DBN)

60 Minutes on Mortgage Securitization Document Lapses and Foreclosure Fraud
(DBN)

SWAT team evicts grandmother trying to make mortgage payments
(DBN)

Potemkin Regulation: Servicing Fraud Cease & Desist Orders
(DBN)

Cease and Desist Orders as Regulatory Theater in Mortgage Settlement Negotiations
(DBN)

Who really owns your mortgage?
(DBN)

Help for Some Underwater Homeowners
(DBN)

Treasury releases first HAFA and second-lien modification numbers
(DBN)

Treasury's disagreements on HAMP decisions on the rise
(DBN)

New jobs might not signify housing market recovery
(DBN)

What Fannie, Freddie execs made while in conservatorship
(DBN)

Trade group wants some servicers exempt from AG settlement
(DBN)

Report to Detail Subprime Underside
(DBN)

Taylor Bean Aide Is Guilty
(DBN)

Taylor Bean Ties to Freddie Mac Loom in Mortgage-Fraud Trial
(DBN)

Bankruptcy puts hold on new management at City West
(DBN)

Borders Wants To Accelerate Lease Negotiations
(DBN)

Blockbuster Landlords Want More Assurance From Bidders
(DBN)

Foreclosure Mediation Gets Green Light In Senate Committee
(DBN)

Massive Las Vegas Estate Owned By CCS Owner Slashes Price to $25 Million
(DBN)

Distressed towns battle vacancies
(DBN)

Thousands of foreclosed homes sit empty in Milwaukee
(DBN)

The 11 Worst Housing Markets In The World
(DBN)

_____________

Municipalities:

Town In CA To Eliminate Police Dept
(DBN)

No Relief Likely for Muni Bonds
(DBN)

Who's Afraid of Munis?
(DBN)

California high-speed rail: The next stop is bankruptcy
(DBN)

Texas road to the future is looking bumpy
(DBN)

How to sell your state to Corporate America
(DBN)

______________

Fraud:

Is Buffett Whitewashing Sokol's Exit?
(DBN)

Citi Bankers Who Met With David Sokol To Discuss Lubrizol Deal Were "Shocked" At His Stock Purchase
(DBN)

Securities Group Seeks to Join Madoff Trustee's $6.4 Billion JPMorgan Suit
(DBN)

Madoff and Khadafy: The duo that wasn't
(DBN)

Medici's Kohn Wants to 'Disappear Into Thin Air' After Madoff
(DBN)

Ex-SEC Economist May Help Rajaratnam's Defense to Insider-Trading Charges
(DBN)

Prosecutors Are Trying To Stop This Finance Professor From Testifying As One Of Raj's Expert Witnesses
(DBN)

Rajaratnam's Defense Has a Tough Job Ahead
(DBN)

When insiders trade
(DBN)

Dolce And Gabbana will not face trial after fraud case thrown out
(DBN)

Former Oklahoma Senate leader Mike Morgan was under FBI investigation for years, prosecutor says
(DBN)

Execs rebut Ponzi claim
(DBN)

'Ponzi ' suits hit movie mogul
(DBN)

Ponzi schemer who pleaded guilty wishes he hadn't
(DBN)

SEC claims Florida couple ran $30M Ponzi scheme
(DBN)

Seattle Man Sentenced To Nearly 5 Years For Ponzi Scheme
(DBN)

______________

Shipping:

Horizon Lines bondholders play hardball for waiver
(DBN)

______________

Retailing:

American Apparel Warns It May Go Bankrupt After Horrendous 2010
(DBN)

Dov denies bankruptcy
(DBN)

American Apparel's glamour fades amid cash crunch
(DBN)

American Apparel May Pout Its Way Into Bankruptcy
(DBN)

Harry & David: The vampires strike again
(DBN)

______________

Marine:

Trico Announces Extension of Exchange Offer
(DBN)

______________

Health Care:

Medical tenants dig in their heels at St. Vincent's site
(DBN)

Court Order Sealing St. Vincent's Financial Records Must Be Overturned
(DBN)

Alabama's Randolph Medical Center to File for Bankruptcy
(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)

______________

DIP Finance:

New Stream Judge Rejects New Loan, Sides With Investors
(DBN)

______________

Miscellaneous:

A Conversation with Trailblazing Women
(DBN)

Blockbuster, Vitro, New Stream, Lehman, Rittenhouse: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Central TX personal bankruptcies plunge in March
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Mass Torts:

BP Seeks to Resume Drilling in Gulf of Mexico
(DBN)

US Drilling Agency Says No Deal with BP
(DBN)

______________

Banking:

WaMu suit may be tough to prove
(DBN)

______________

Privacy:

More customers exposed as big data breach grows
(DBN)

______________

Lehman:

Head of Germany's KfW bank blamed for huge Lehman payment
(DBN)

New Lehman deal gets thumbs-down
(DBN)

______________

Turnarounds:

North Castle Wins Turnaround Of The Year
(DBN)

______________

Litigation:

M&A Suits Drive First Quarter Securities Litigation Activity
(DBN)

Class Actions: Can't Deliver Justice
(DBN - NY Times - Paywall Limit Possible)

______________

Credit/Debit Cards:

No real savings
(DBN)

______________

Oil/Gas:

Deteriorating Oil and Gas Wells Threaten Drinking Water, Homes Across the Country
(DBN)

______________

Baseball:

Mets could face tough financial decision
(DBN)

______________

Credit Counseling:

New Report Seeks Transparency For Debt Relief Industry
(DBN)

______________

UK:

Ministers Admit Family Debt Burden Is Set To Soar
(DBN)

Rise expected in developers using UK bankruptcy laws
(DBN)

Sport Media Group files for bankruptcy
(DBN)

TUPE and administrations: Oakland v Wellswood rejected
(DBN)

New pre-pack rules don't go far enough, says British Property Federation
(DBN)

Appointment of Administrators - 1 April 2011
(DBN)

Winding Up Petitions - 1 April 2011
(DBN)

______________

EU:

German Banks Critical of Hard Stress Tests
(DBN - NY Times - Paywall Limit Possible)

Trichet Seen Burying Ailing Nations With Rate Rise on Inflation
(DBN)

______________

Canada:

Liberals promise to change bankruptcy laws
(DBN)

TABI Closing All 76 Locations
(DBN)

Canadian clothing chain collapses
(DBN)

______________

MENA:

Yemenis Protest Despite Saleh Appeal
(DBN)

Hundreds injured in new Yemeni protests
(DBN)

Bahrain Bans Newspaper
(DBN)

Gadhafi Government Rejects Truce Offer
(DBN)

Gaddafi's Son Said to Offer Peace Deal
(DBN)

Libyan rebels 'receiving covert training' from US, Egyptian special forces
(DBN)

Egyptians Call for Trials of Former Leaders
(DBN)

Protesters Scold Egypt Military Council
(DBN - NY Times - Paywall Limit Possible)

Arabs Struggle Against State Terror
(DBN)

______________

Japan:

Japan power-plant firm finds source of a leak
(DBN)

Tepco struggles to halt radioactive leak
(DBN)

Engineers pin hopes on polymer to stop nuke leak
(DBN)

Japan nuclear crisis: workers using newspaper and sawdust to block pipes
(DBN)

Honda may halt production at UK plant
(DBN)

Quake Sinks Hawaii's Tourism
(DBN)

Bank Venture's Troubles Grow
(DBN)

GE Likely to Avoid Liability in Japan Nuke Crisis
(DBN)

Some Government Support Expected for TEPCO
(DBN)

Japan Tankan Signals Concern Confidence Will Keep Sliding
(DBN)

______________

PIIGS:

Portugal and Ireland fail to restore confidence
(DBN)

Ireland taxpayers carry $34B bank bail-out, senior creditors avoid hit
(DBN)

Ireland to Push for Better Bailout Terms
(DBN)

Irish Count on $142 Billion Package to End Worst Banking Crisis in Europe
(DBN)

Drumm bankruptcy hearing is told about year of big spending
(DBN)

Anglo Irish's David Drumm's post-bankruptcy mega spending revealed
(DBN)

Drumm: When the world is falling apart, open an account for the wife
(DBN)

Bankrupt Drumm still living high life
(DBN)

IMF Denies Pressing Greece To Restructure Debt
(DBN)

______________

Russia:

Russia to remove ministers from corporate boards
(DBN)

______________

China:

China's factory activity picks up
(DBN)

______________

Australia:

ASIC ups pressure on liquidators
(DBN)

Millionaire high-flyer bankrupts
(DBN)

______________

Mexico:

Vitro Creditors Tell Judge to Put US Units Into Involuntary Bankruptcy
(DBN)

______________

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Copyright 2011