August 11, 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:

Zombie Firm Wants to Arbitrate Ex-Partner's Suit Over Severance
(DBN)

Research Trends and Conclusions: Insolvency & Restructuring 2011
(DBN)

NY Firm, Co-Counsel Sanctioned, Final Bill Could Reach $10 Million
(DBN)

Losing and Losing It
(DBN)

Thinking of Quitting? Read This First
(DBN)

Fenwick West Wants to Set Them Free
(DBN)

Dealing with a Document Review Assignment From Hell
(DBN)

Talking About Alternative Fee Arrangements for Outside Counsel
(DBN)

Former Stroock Partner Sues Firm Over Retirement Benefits
(DBN)

Two Firms Find New Manhattan Digs
(DBN)

ABA Plans to Sell Its DC Home
(DBN)

DLA Helps Thai Prince Get Plane Back From Germany
(DBN)

Harvard: "While no one was immune from the economic downturn . . ."
(DBN)

The End of the Full Service Law Firm?
(DBN)

The Incredible Shrinking DOJ Honors Program
(DBN)

ABA Wants Proof of Native American Status From Aspiring Lawyers
(DBN)

Cooley Law Gets Served Some of Its Own Medicine (NYLS Is Tardy to the Party)
(DBN)

Graduates accuse law schools of scamming students
(DBN)

The ‘Redneck Olympics’ Try to Jump the Hurdle of Law
(DBN)

Misuse Of Credit Report Service Draws Sanction
(DBN)

Email is Dead, Long Live (Short) Email!
(DBN)

Grammarously Speaking: Dot-Dot-Dot Bubbles and Lawyers
(DBN)

Lawyers Struggle to Get a Grasp on E-Discovery
(DBN)

Is the iPad or Android Tablet Better for Law Firms?
(DBN)

Ten Myths About Social Networking For Business
(DBN)

In Case of Lawyer Accused of Ripping Off Non-Profit, Feds Want to Grill His Congressman Boss
(DBN)

Prosecutor Says Lawyer Tried to Get One Client, Who Owed Legal Fees, to Take Contract Hit on Another
(DBN)

More on Stephen McDaniel: A Missing Bar Prep Session, and Possible Fiber Evidence
(DBN)

Top-Tier Law School Blind Item: An Associate Position, At No Cost to You!
(DBN)

Is This the Golden Age of Legal Dramas?
(DBN)

Groom sues bride after she dumped him six hours before the wedding
(DBN)

Turn Down Your Piccolo, Or Else
(DBN)

The 100 Dumbest Criminals of All Time
(DBN)

Flash Mob Riots: Crime in the Age of Twitter
(DBN)

Judge: no constitutional right to have matzoh and grape juice
(DBN)

______________

Judges:

After Admitting Naughty Touching, Former Federal Judge Released From Prison
(DBN)

Judge’s Wife Finds Live Mortar Round on Back Doorstep; Bomb Squad Detonates It at Airport
(DBN)

Dad of Imprisoned Teen Is Ticketed for Ringing Doorbell of Sentencing Judge’s Home
(DBN)

______________

Wall Street:

Stocks set to rebound at open
(DBN)

French banks lead European sector lower
(DBN)

World shares retreat as investors shun risk
(DBN)

Wall Street Loses Previous Day's Gains
(DBN)

Stocks Slide 4.6%, End at 11-Month Low
(DBN)

European shares slump on sharp sell-off in banks
(DBN)

Here's Why the Euro Bank Stock Tumble is Worrying
(DBN)

Global Markets Roiled By Wall Street's Turmoil
(DBN)

Lessons from stock-market volatility
(DBN)

IPO bloodbath continues
(DBN)

______________

Layoffs:

BNY Mellon says will cut 1,500 jobs
(DBN)

Germany: EON to Fire 11,000 Workers
(DBN)

From Jail to Jobless
(DBN)

Big Companies With Devastating Layoffs In 2011
(DBN)

COBRA program subsidies to expire at end of August
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Pay TV:

Pay TV Industry Loses Record Number of Subscribers
(DBN)

______________

Orchestras:

Syracuse University proposes credible plan to resurrect orchestra
(DBN)

Philadelphia Orchestra association and union make little headway
(DBN)

Musicians' pension fund seeks orchestra shutdown
(DBN)

______________

Municipalities:

Deadline looming for Jeffco bankruptcy decision
(DBN)

Jefferson County: 'Final And Best' Offer To Avoid Largest Municipal Bankruptcy
(DBN)

Jefferson County officials ask for less debt forgiven
(DBN)

Jefferson Creditors’ Plan May Match or Beat County Holding Down Sewer Fees
(DBN)

Trying to avoid largest municipal bankruptcy in U.S. history
(DBN)

Report: Lawyers in Central Falls case cost RI $1M -- so far
(DBN)

RI treasurer urges pension reform
(DBN)

Harrisburg Mayor Plans to Risk City Payroll to Pay Debt Service Next Month
(DBN)

CA: Pension Funds Hit by Market Decline
(DBN)

GOP Maintains Control of Wisconsin Senate
(DBN)

Amid Uncertainly, States Prepare for Cuts
(DBN)

Would You Be Surprised To Learn That Gretchen Morgenson Wants To Talk About Municipal Derivatives?
(DBN)

Some states and cities could face stress: Moody's
(DBN)

Does the downgrade mean more U.S. towns will go bankrupt?
(DBN)

S&P Drags America's Cities Into The Brave New World
(DBN)

______________

Politics:

The Bankruptcy Age: Stan McChrystal independent presidential candidacy in 2012?
(DBN)

Poll: Democrats Helped by Debt Debate
(DBN)

______________

Religion:

Orange diocese increases offer to buy for Crystal Cathedral
(DBN)

Unholy War Erupts With No Salvation For Schuller
(DBN)

Crystal Cathedral bankruptcy sale sparks bidding war
(DBN)

______________

Autos:

GM bankruptcy lawyers seek $125M
(DBN)

GM to Get Rid of Half of All Vehicle Platforms
(DBN)

______________

Oil/Gas:

OPEC Cuts Oil Demand Growth Forecast
(DBN)

______________

Economy:

Bernanke Signals Dissenters Won't Stop Stimulus
(DBN)

White House: Obama, Bernanke Meeting To Discuss Economy
(DBN)

Meet the new Super Congress — well, most of it
(DBN)

Is the ‘supercommittee’ headed for deadlock?
(DBN)

Congress' super committee: pain, punishment and payoff
(DBN)

Deficit Hits $1.1 Trillion Again
(DBN)

Federal Reserve Throws in the Towel
(DBN)

The iPad Trumps Oil: Apple Is Most Valuable US Company
(DBN)

The Ten Most Valuable Companies In America
(DBN)

Dohmen: US is in a Recession Now
(DBN)

The Future of the American Middle Class
(DBN)

Can Washington Handle Too Big to Fail?
(DBN)

Our Military's Plan for London Like Riots
(DBN)

Economy: Public Has Lost Faith in Washington
(DBN)

Grantham: The US is a Banana Republic
(DBN)

In Washington, Constant Gridlock Is More Costly Than Crisis
(DBN)

Wholesale Inventories Post Smallest Rise in 7 Months
(DBN)

More Signs of Weaker Consumer Spending
(DBN)

The Little Room Where The Government Borrows Billions
(DBN)

Financial turmoil evokes comparison to 2008 crisis
(DBN)

In U.S. Stress Tests, a Tool to Gauge Contagion in Europe
(DBN)

Central Bankers Race to Protect Growth in 72 Hours of Crisis
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

NJ Appellate Panel Reverses Foreclosure Because Deutsche Bank Didn't Have Note When It Sued
(DBN)

Suit Targets Lenders' Firm Over Foreclosure Filing Requirements
(DBN)

BofA Mortgage-Bond Deal Opposed by Delaware Attorney General
(DBN)

Homes For Sale inventory down 13.3% Year-over-year in mid-August
(DBN)

Foreclosures fall for 10th straight month
(DBN)

Foreclosure Filings in U.S. Plunge 35% to Four-Year Low
(DBN)

U.S. seeks input on disposing of foreclosed homes
(DBN)

Gov't considers turning foreclosures into rentals
(DBN)

U.S. moves to sell, rent 92,000 foreclosed homes
(DBN)

Obama administration expects new push for REO rentals
(DBN)

Can a new plan to rent out foreclosed properties actually work?
(DBN)

30-year mortgage rates fall near record lows
(DBN)

Mortgage applications jump 21.7% on refinancing activity
(DBN)

NAR: Home sales, median price fall in second quarter
(DBN)

Florida home and condo sales up in 2Q
(DBN)

Mass. AG, Sand Canyon settle subprime case for $125 million
(DBN)

Indiana AG takes on foreclosure helpers
(DBN)

Bank of America sells loan servicing portfolio to Fannie Mae
(DBN)

Fannie Mae's Confusing Purchase of BofA's Servicing Operation
(DBN)

Fannie & Freddie Tighten Lid on Political Spending
(DBN)

Mortgage modifications drop 42% in first half
(DBN)

Under new rules, loan modification won't protect you from foreclosure
(DBN)

US soldier returns home from the war, to foreclosure
(DBN)

Vacant Buildings Ordinance: Foreclosure Fighters Take On Banks Over Decaying Properties
(DBN)

Agency MBS weathers S&P downgrade
(DBN)

Beazer Homes 3Q loss doubles, as closings fall 49%
(DBN)

Can Beazer Homes Avoid Bankruptcy ?
(DBN)

Cary home builder files for bankruptcy
(DBN)

Percentage of CMBS paying off on time falls to 40%
(DBN)

IPO drought likely to parch housing finance firms
(DBN)

_____________

Banking:

Bank of America's back-door TARP
(DBN)

What's Wrong With Bank of America?
(DBN)

Bank Of America, Moynihan Roasting Gets Under Way
(DBN)

Moynihan muddle
(DBN)

Bank of America 'much better' now: CEO
(DBN)

BofA Rarely Thinks 'Positively About' Countrywide Purchase
(DBN)

BofA marks down billions from Countrywide portfolio
(DBN)

Moynihan Says His 'Entire Net Worth is in This Company'; Won't Comment on Bankruptcy Option for Countrywide
(DBN)

BofA chief rejects calls to raise capital
(DBN)

BNY Mellon to Cut 1500 Jobs, 3% of Workforce
(DBN)

Citigroup Tanks as Analysts Say 'Buy'
(DBN)

US Banks Face 'Headwinds' but Are Not 'Zombies': Dimon
(DBN)

Societe Generale Leads Fall in French Banks as Credit-Default Swaps Climb
(DBN)

SocGen Denies Rumors About Credit as Shares Tumble
(DBN)

Sector Snap: Banks plunge on continued uncertainty
(DBN)

Falling Bank Stocks Offer a Too-Big-to-Fail Wakeup Call
(DBN)

U.S. Banks Are Spared Customer Retreat of 2008 Amid Equity-Market Plunge
(DBN)

Conspiracy Theory
(DBN)

______________

Food/Beverage:

Sbarro Pizza-Restaurant Chain Files Plan to Restructure, Exit
(DBN)

Landry's To Run, Possibly Buy, Beso
(DBN)

______________

Bankruptcy Crimes:

Manager of bankrupt Shelton LLC pleads guilty to bankruptcy fraud
(DBN)

______________

Newspapers:

Lee Plans Launch of Debt Exchange
(DBN)

______________

Lehman:

Hedge fund objects to Lehman deal
(DBN)

______________

Football:

NFL Retirees Unhappy with Settlement
(DBN)

______________

Hedge Funds:

John Paulson down over 30% YTD
(DBN)

Hazards of Borrowing Money From Hedge Funds
(DBN)

______________

Aviation:

This is why your flight is delayed
(DBN)

Bat gets loose on plane
(DBN)

______________

Marine:

Taxpayers Stuck With Unsold Ferries in Loan Default
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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:

Debt: The Forgiveness Fix
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Avoidance Actions:

Fraudulent Conveyances and The Bankruptcy Code's Black Box: How Can Lenders Establish "Value" Under Section 548?
(DBN)

______________

Fraud:

Rajaratnam Deserves More Than 24 Years in Prison for Trades, U.S. Says
(DBN)

Raj Rajaratnam’s Health Far Too Delicate For Lengthy Prison Stay
(DBN)

Rajaratnam sentencing may be a fight to the death
(DBN)

HSBC’s U.S. Win Sends Madoff ‘Hot Potato’ Back to Irish, Luxembourg Courts
(DBN)

SEC Sues Stifel for Fraud on Losses After $200 Million Wisconsin CDO Sales
(DBN)

Jim Donnan settles bankruptcy case
(DBN)

SEC Freezes Assets Tied to Investor Suspected of Swindling College Coaches
(DBN)

SEC Reporting Manager Stanley Ng Arrested On Insider Trading Charges
(DBN)

How Serious a Crime Is Insider Trading?
(DBN)

______________

Insurance:

Ambac Adds Time for Bankruptcy Plan, Talks With Regulators
(DBN)

MBIA 2Q income falls by 89%
(DBN)

______________

Retailing:

Borders wins court OK to auction name, leases
(DBN)

______________

Weather:

Texas Drought Could Cost Billions
(DBN)

______________

Rating Agencies:

S&P's Hold On Markets Won't Change Under Dodd-Frank
(DBN)

Senate Gathers Info for Possible S&P Hearings
(DBN)

About that plane over S&P
(DBN)

How The U.S. Gave S&P Its Power
(DBN)

S&P controversy fuels demands for ratings reforms
(DBN)

______________

Baseball:

Dodgers merchandising vendor wants quick decision on future of contract, team in no hurry
(DBN)

______________

Credit Counseling:

Debt settlement company settles over enrollment fees
(DBN)

______________

Mass Torts:

Boat Owners Call BP's Cleanup Program a Corrupt Conspiracy
(DBN)

______________

Health Care:

McAllen, Texas: Not so bad after all?
(DBN)

Medicare Regulation Causes Shortages of Cancer Drugs
(DBN)

Our chronic disease care ain’t #1
(DBN)

______________

Celebs:

Ray Guy's Super Bowl rings sell for $96,000-plus
(DBN)

Desperate Eva Longoria turns to Tilman: Houston tycoon takes over TV star's Vegas restaurant
(DBN)

______________

Gambling:

Hoosier Park preparing to exit bankruptcy
(DBN)

______________

Shipping:

Marco Polo Reaches Agreement to Use Cash in Bankruptcy
(DBN)

______________

Cross-Border:

US Bankruptcy Court Denies Enforcement of German Order Compelling ISPs to Disclose Debtor’s E-Mails
(DBN)

______________

Sovereigns:

World Bank court to hear case on Argentina default
(DBN)

______________

UK:

More British Cities Hit by Riots, Looting
(DBN)

Economics Behind Britain's Riots?
(DBN)

The Ideology of the London Riots
(DBN)

The London Riots, From a Legal Perspective
(DBN)

Ring-fences and firewalls – the future of the UK banking industry?
(DBN)

Survival of the less than fittest
(DBN)

UK Treasury chief seeks to calm slow growth fears
(DBN)

______________

EU:

No quick exit for eurozone from debt crisis
(DBN)

Emergency borrowing from ECB soars
(DBN)

______________

France:

More French Bank Rumors Hit The Market And The Rebound Disappears
(DBN)

French bank stocks rocked by downgrade rumors
(DBN)

Rating Agencies Affirm France's AAA Credit
(DBN)

Nicolas Sarkozy pledges drastic austerity measures as French bank shares crash
(DBN)

______________

Germany:

European financial crisis: Germany shows signs of slowdown
(DBN)

______________

PIIGS:

Some in Germany want Greece to temporarily exit euro zone
(DBN)

Italy's Tremonti : strong fiscal measures needed
(DBN)

Greek Lessons for Italy and Spain: Papaioannou and Vayanos
(DBN)

Portugal Attempts to Seduce Asset Buyers at ‘Worst of Times’
(DBN)

More austerity may be the last thing Italy needs
(DBN)

______________

MENA:

Syria Heading to Point of No Return
(DBN)

______________

China:

China Looks Ready To Give Up The Slowdown And Go Full Throttle
(DBN)

How Much Do We Buy From China?
(DBN)

China says low U.S . rates affecting its economy
(DBN)

______________

Singapore:

Singapore Miracle Dims as Income Gap Widens
(DBN)

______________

 

 

 

Please note that The Daily Bankruptcy News is primarily a curated 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-column 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 2011