April 6, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: What Did Wachtell Do?
(DBN)

Bonus Watch: Gibson Dunn Finally Pays
(DBN)

Howrey Hit With First Suit Over Employee Wages
(DBN)

Lawsuit Accuses Dewey, Staffing Firm of Wage and Hour Violations
(DBN)

Greatest Bankruptcy Decision of All Time
(DBN)

Republican Pushes Alternatives to Legal Aid
(DBN)

Evaluating the Counteroffer — Should You Stay or Should You Go?
(DBN)

6 Partners Exit K&L Gates to Form Pacifica Law Group
(DBN)

How Are Small Law Firms Like Oscars After-Parties?
(DBN)

Number of UK Training Contracts Offered Last Year Saw Large Drop
(DBN)

Ethics 20/20 Commission Seeks Input on Alternative Business Structures for Law Firms
(DBN)

Want to Work From Tahiti?
(DBN)

Get the Big Picture
(DBN)

The Lawyer Personality
(DBN)

Discovery Tactics Result In Suspension
(DBN)

The Attributes of Winning Lawyers
(DBN)

Hell, No, We Won't BigLaw!: Picketers Blast Firm for Palling Around With "Vultures"
(DBN)

Lawyer Who Never Tried a Case Proud of Murder Mistrial on Facebook, Humiliated in Interview
(DBN)

Galleon, Fairfield, JPMorgan, HP, HSBC, Verizon in Court News
(DBN)

Hackers Penetrated at Least 4 Major Canadian Law Firms in Recent Months
(DBN)

Communication With Counsel Not Always Private
(DBN)

BigLaw Firm Takes Its Fee Fight With Columbia Prof on the Road
(DBN)

It’s Official: Law School Exams Used to be Easier
(DBN)

Law Profs' Defamation Verdict Against West Slashed
(DBN)

Prof Accused of Battery for Shutting Laptop of Web-Surfing Student
(DBN)

This Is Why Law Students Shouldn't Play Sports
(DBN)

Suit Claims ‘Screaming Attacks’ by Nev. Bar Official Led to Grading Errors on 2010 Bar Exam
(DBN)

Drunk Chicken Teacher Removed From Classroom
(DBN)

Suspect left t-shirt with his picture at crime scene
(DBN)

Mug Shots
(DBN)

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Judges:

Retiring Chief Bankruptcy Judge Gonzalez Going to NYU
(DBN)

Retiring Bankruptcy Judge John C. Ninfo won't end his financial-literacy efforts
(DBN)

Supreme Court Justices Interrupt One Another in Arguments Resembling a Roller Derby
(DBN)

Yes, Dear, Your Legal Brief Was ‘Airgasmic’
(DBN)

Judge warns of court shutdowns, layoffs if governor doesn't deliver emergency $
(DBN)

30 Days for Ex-Judge
(DBN)

Man Accused of Threatening to Kill Judge Is Released on $10K Bail
(DBN)

Judge of the Day: A Bed Sheet Is Not a Robe
(DBN)

Riding In Cars With Judges
(DBN)

DRI Report Recommends New Recusal Procedures to Deal with Flood of Judicial Campaign Cash
(DBN)

TV’s ‘Divorce Court’ Judge Hated Law School and Law Practice
(DBN)

Granted $1K Bond, Domestic Defendant Argues with Judge, Ends Up with $150K Bond
(DBN)

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Wall Street:

Futures Rise as Gold Prices Soar
(DBN)

World stock markets mixed as Japan makes progress in battle to contain nuclear
(DBN)

Wall St up on M&A, Nasdaq 100 rebalance but volume low
(DBN)

On Wall Street, Trading Wanes While Investment Banking Fees Pick Up
(DBN)

______________

Layoffs:

Forget Unemployment Extensions, Cutbacks More Likely
(DBN)

March's job numbers were greeted rapturously by the business press. Scratch the surface of the data and things are not so rosy
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Fiat Said to Plan Increase in Chrysler Stake to 30% Within Weeks
(DBN)

Chrysler Cancels Overtime at Plants
(DBN)

Toyota May Be Downgraded by Moody's After Japan Earthquake
(DBN)

Auto manufacturing in U.S. rocked by Japanese quake
(DBN)

Toyota says most Japan plants to stay idle next week
(DBN)

Bondholders of old GM to get shares in new GM shortly
(DBN)

______________

Aviation:

Lenders Get Stake in Kingfisher Airlines
(DBN)

Federal Government Orders 737 Inspections in Wake of Southwest Scare
(DBN)

Boeing: hundreds of older 737s at risk for cracks
(DBN)

Southwest completes 737 checks; five need repair
(DBN)

Boeing Didn't Expect 737 Cracks so Soon
(DBN)

______________

Lehman:

Lehman, Paulson Plans 'Strip' Value, State Street Says
(DBN)

______________

Tax:

Senate votes to kill detested small-business tax law
(DBN)

HSBC Client Said to Plead Guilty to Hiding Bank Accounts
(DBN)

______________

Oil/Gas:

Judge Approves Sale Of Seahawk Drilling To Rival Hercules
(DBN)

Gas City Auctions Off Stations for $135 Million to Pay Back Debts
(DBN)

______________

Food/Beverage:

Sbarro Wins Court Approval of $16.5 Million Financing While in Bankruptcy
(DBN)

______________

Video Rentals:

Blockbuster Gets $310.6 Million Bid From Icahn; Dish Second
(DBN)

Icahn, Dish, debtholders still vying for Blockbuster in bankruptcy auction
(DBN)

Dish Network Wins Blockbuster Auction With $320 Million Bid
(DBN)

______________

Awards:

Rutgers University Will Honor Alumna Elizabeth Warren
(DBN)

______________

Mobile Homes:

Palm Harbor to close Kyle plant, cut 129 jobs
(DBN)

______________

Boating:

Post Marine files for Chapter 7 bankruptcy
(DBN)

______________

Golf:

Plant City country club could head off foreclosure
(DBN)

______________

Hotels:

Hotel Management Company Fired in New York Ruling
(DBN)

______________

Accounting:

FASB Updates Standards for Troubled Debt Restructurings
(DBN)

______________

Economy:

Fed Minutes Show Inflation Debate
(DBN)

Sharp Disagreement Among Fed Members
(DBN)

Federal Reserve's minutes show worries over depressed housing sector
(DBN)

Fed Members Raise Specter of Higher Interest Rates
(DBN)

What Does the Fed Really Do Anyway?
(DBN)

Crony capitalism strikes again
(DBN)

U.S. Service-Sector Growth Slows
(DBN)

Fed's Plosser: Economists Still Sorting Out Causes Of Financial Crisis
(DBN)

U.S. service-sector growth tapers off slightly
(DBN)

IMF Reverses Position on Capital Controls
(DBN)

No budget deal as shutdown clock ticks
(DBN)

White House Orders Agencies to Prepare for Shutdown
(DBN)

Obama to GOP: ‘We Don’t Have Time for Games’
(DBN)

Geithner: Debt Default Could Topple ‘Hundreds of Thousands’ of Businesses
(DBN)

Geithner: Debt Default Would Make Financial Crisis Look Tame
(DBN)

Ryan Maps Another ‘Path to Prosperity’
(DBN)

Democrats Decry Ryan Budget Plan
(DBN)

Paul Ryan and the Politics of Debt
(DBN)

CBO: GOP budget raises health costs for retirees
(DBN
)

GOP Tax Bill Would Slam Middle Class
(DBN)

GOP Budget in Summary
(DBN)

Rep. Paul Ryan's magic job creation
(DBN)

GOP Tax Bill Will Prove Costly for Party
(DBN)

Medicare's moment of truth
(DBN)

Medicaid Reduced $1 Trillion in GOP Plan
(DBN)

Oil edges lower but keeps above $108 a barrel
(DBN)

Rising Oil Prices Now Hurting Economy
(DBN)

Central Banks' Courses Diverge In Europe, US
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Fed’s Kocherlakota: Housing’s Reliance on Government Isn't Sound Strategy
(DBN)

Mortgage Servicers Said to Agree to Fix Foreclosure Procedures
(DBN)

Banks Get Edge in Talks on Foreclosure Penalties as Feds Settle
(DBN)

Loan probe to proceed 'unabated,' Iowa AG says
(DBN)

Young Solo Helps Family Avoid Foreclosure Through Mediation
(DBN)

KB Home's Wicked Bad Results Crush Homebuilders
(DBN)

KBW says eight GSE reform bills barely dent mortgage market
(DBN)

Republicans considering another 16 bills on GSE reform
(DBN)

Lawmakers want to see how Fannie, Freddie select REO vendors
(DBN)

House members look to pay Fannie, Freddie employees as gov't workers
(DBN)

SEC brings charges vs. Wachovia over CDOs
(DBN)

As Grubb Struggles, Its Chief Weighs Options
(DBN)

Delinquency Rate Hits Record for Mortgage-Backed Commercial Loans
(DBN)

CMBS Delinquency Rate Rise Slows for Second Month In A Row
(DBN)

Apartment Vacancies Decline, Rents Expected to Rise
(DBN)

How Many Borrowers Qualify Under New ‘Safe’ Mortgage Rules?
(DBN)

Democrats' homeownership assistance bills face fiscal resistance
(DBN)

32 million people struggling to pay mortgage
(DBN)

Prices are low! Mortgages cheap! But you can't get one
(DBN)

Geithner sees HAMP as a helpful aid in repairing housing
(DBN)

Signing Up to Live in a Billboard
(DBN)

California expands 'Hardest Hit' eligibility for distressed homeowners
(DBN)

Will government shut-down foul Fannie/Freddie closings?
(DBN)

LV: Landowner tied to stalled residential project files for bankruptcy
(DBN)

Vacation-Home Market Is Stuffed With Projects As Prices Schuss Downhill
(DBN)

Recent Rulings in Key Subprime-Related Securities Cases
(DBN)

Farkas trial, Day 2: Former president testifies
(DBN)

WCI development under fire
(DBN)

Brokers versus consumers in LO compensation trenches
(DBN)

High-rise price drop: Foreclosures and short sales deflate values along Alabama and Mississippi coasts
(DBN)

_____________

Media:

Tribune Judge Delays Court Fight for Further Mediation Over Rival Plans
(DBN)

______________

M&A:

More than 100 hedge-fund M&A deals expected
(DBN)

Wall Street is dealing again
(DBN)

Deal Frenzy Infects Asset Management Firms
(DBN)

______________

Fraud:

FBI Agent Paints Portrait of Alleged Tips to Galleon Founder
(DBN)

Talking On Tape, Former Beauty Queen Has Big Presence At Trial
(DBN)

Rajaratnam Investigator Testifies About Phone Calls, Stock Trades, Profits
(DBN)

Indian American tipsters helped Rajaratnam make millions: FBI
(DBN)

Feds drama in Raj's wrap-up
(DBN)

The Buffett bashing begins
(DBN)

S&P Concerned About Berkshire’s ‘Corporate Infrastructure’
(DBN)

Munger Says He Told Buffett of BYD Stake, Stayed Out of Talks
(DBN)

Why Private Equity Is Irked Over Sokol
(DBN)

There oughta be a law, Sokol edition
(DBN)

In Buffett Heir's Past: More Shadiness
(DBN)

Buffett's Ruthlessness Is Oddly Absent on Sokol
(DBN)

Wells Fargo Settles SEC Charges
(DBN)

SEC charges Satyam with $1 billion fraud
(DBN)

SEC settles billion-dollar fraud for $16 million
(DBN)

Satyam, PwC settle SEC accounting fraud probes
(DBN)

Madoff Feeder Fund Fairfield Sues Abu Dhabi for $300 Million
(DBN)

Rothstein restitution notice filed
(DBN)

Two plead guilty in huge Ponzi fraud case
(DBN)

Petters 'clawback' targets seek dismissal
(DBN)

______________

Fashion:

Banks threaten to call in American Apparel loans
(DBN)

The Village Voice Interviews Dov Charney
(DBN)

American Apparel's Dov Charney: "We're Not Going Bankrupt"
(DBN)

American Apparel searches for a buyer
(DBN)

______________

Consumer Finance:

Predatory Payday Lenders Put Military Families in the Crosshairs
(DBN)

______________

New Bankruptcy Opinions
(3 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:

Nortel, WaMu, Lehman, Blockbuster, Borders, A&P: Bankruptcy
(DBN)

Lehman, Windstar, Capmark, New Stream, Black Crow: Bankruptcy
(DBN)

______________

Corporate Reform:

Elizabeth Warren (TM)
(DBN)

Raskin, Granholm eyed for agency
(DBN)

J.P. Morgan's Dimon lashes out at Dodd-Frank
(DBN)

Frank Seeks to Amend Dodd-Frank
(DBN)

House Committee Seeks To 'Improve' CFPB Structure
(DBN)

Congress Still Demonizing Elizabeth Warren, Meanwhile, Chase Rolls Out the $5 ATM Fee
(DBN)

Wall Street Lobbies Treasury on Dodd-Frank
(DBN)

How to lose friends in Washington: Be TARP cop
(DBN)

______________

Derivatives:

The Problems With Derivatives Clearing
(DBN)

Swaps Industry Failing to Meet Clearinghouse Promises, Fed's Dudley Says
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Trustees:

Former Bankruptcy Trustee Under Fire
(DBN)

______________

Retailing:

Boardwalk Comes Up Short
(DBN)

Retailers' weekly sales rise 2.8%
(DBN)

Borders Plans To Relocate Headquarters Out Of Ann Arbor
(DBN)

Borders to Detail Business Plan
(DBN)

______________

Religion:

Archdiocese, creditors postpone arguments over payments to 22 victims
(DBN)

Bishop's memo says cuts in services, layoffs on way
(DBN)

______________

Celebs:

Bankrupt Brunell hatches plan for cash
(DBN)

______________

Health Care:

Company Sees Bankruptcy as Boon to Cancer Vaccine
(DBN)

Randolph Med Center declares bankruptcy
(DBN)

______________

Municipalities:

City needs state's help to issue bonds, avoid huge tax increase
(DBN)

Harrisburg incinerator report to keep Chapter 9 threat on table
(DBN)

Fed's Biggest Foreign-Bank Bailout Saved US Muni Bonds
(DBN)

_____________

Banking:

Number of Bank Failures Finally Starting to Decline?
(DBN)

______________

Symphonies:

Syracuse Symphony Orchestra will file for bankruptcy , board announces
(DBN)

______________

Trucking:

Lender acquires ex-Arrow offices
(DBN)

______________

Shipping:

Global Container Traffic Hits Record High
(DBN)

______________

Soccer:

Premier League Boss Scudamore Defends Insolvency Rule That Benefits Soccer
(DBN)

______________

UK:

England football legend faces financial ruin
(DBN)

Appointment of Administrators - 5 April 2011
(DBN)

Winding Up Petitions - 5 April 2011
(DBN)

UK Industrial Production Slumps
(DBN)

UK: Now the Real Economic Pain Starts
(DBN)

Insolvency's mixed fortune on pre-packs
(DBN)

Budget high street retailer Alworths enters administration
(DBN)

______________

EU:

Retail Sales Slump Shows ECB Dilemma
(DBN)

______________

Canada:

Liquidation, closings for Tabi stores
(DBN)

______________

Germany:

German Manufacturing Orders Rise
(DBN)

Commerzbank to repay over $20 bln of state aid
(DBN)

______________

PIIGS:

Portugal's Options to Avoid Bailout Dwindle
(DBN)

Portugal Raises $1.4B at High Cost as Rescue Looms
(DBN)

Portugal In Talks Over EU Aid
(DBN)

Pimco's Balls Says ECB Rate Increases 'Last Thing' Portugal, Greece Need
(DBN)

Euro Zone Risks Exodus of Weaklings
(DBN)

Spanish Banks Face 'One of the Worst' Years
(DBN)

Cut In Bailout Debt Rate Fair And Vital For Sustainability, Says Barroso
(DBN)

______________

MENA:

For Oil Firms, Arab Unrest Means a Gusher
(DBN)

Gaddafi Family Vows Never to Leave
(DBN)

Saudi Unrest and Oil at $200-300
(DBN)

______________

Japan:

Japan: Radioactive Leak Now Plugged
(DBN)

Japan's Ocean Radiation? 7.5M Times Legal
(DBN)

Radiation Concerns Rise in Japan
(DBN)

In Japan, grand coalition talk belies rifts
(DBN)

______________

Australia:

Collapsed Builder Points Finger At State
(DBN)

Australia's Colorado Group Put Up For Sale
(DBN)

______________

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Copyright 2011