August 23, 2011

The Daily Bankruptcy News

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Law:

Are Law Firms Overstating Their Profits?
(DBN)

Are BigLaw Firms Inflating Partner Profits? Citigroup Unit Reportedly Finds Fudging
(DBN)

Are Biglaw PPP Stats Any More Reliable Than Law School Employment Stats?
(DBN)

Debevoise and Skadden 1st-Years to Spend First Month Learning B-School Skills Under New Program
(DBN)

Howrey sues Warner building owners
(DBN)

Dollmaker Turns On Its BigLaw Lawyers
(DBN)

Meet Lloyd Blankfein’s Lawyer: Reid Weingarten
(DBN)

Goldman Sachs shares plunge after chief Lloyd Blankfein hires high-profile criminal defense lawyer
(DBN)

Why Did Goldman Sachs' CEO Hire Outside Counsel?
(DBN)

Small and Midsized Firms Seeking Big Firm Work Must Be Aggressive
(DBN)

Mean People Earn More Money
(DBN)

Galleon Case Lawyer, Smith Barney, News Corp. in Court News
(DBN)

Chicago-Area Lawyer Accused of Murder for Hire Pleads Not Guilty
(DBN)

UK firms freeze rates for newly-qualified London lawyers
(DBN)

Feeling of Resignation
(DBN)

Stop Your Whining, Only 1.5% of Lawyers Unemployed
(DBN)

In-House: Keeping People In The Loop
(DBN)

A Q&A With the Creator of 'Inside the Law School Scam'
(DBN)

Some See Signs Law Schools Are Getting Serious About Reform
(DBN)

Almost All of Survey’s ‘Best Value’ Law Schools Are State Institutions
(DBN)

Quinn OCI Process Irks Fordham Law Kids, But They Should Blame Fordham
(DBN)

The On-Campus Interview Flowchart
(DBN)

The Ropes & Gray Partner Who Helped Free the West Memphis Three
(DBN)

Bankruptcy lawyer Who Moonlights as a Lifeguard Claims Speedos Requirement Is Age Bias
(DBN)

DOJ’s Expanding Power to Seize Assets Sparks Concerns
(DBN)

After Hollywood Stint, Mass. Prosecutor Returns to the Courtroom
(DBN)

Attorney General Criticized for Comparing Welfare Recipients to Hungry Raccoons
(DBN)

The most inappropriate man in the world
(DBN)

New York Attorney Is a Driving Force at the Track
(DBN)

Super Lawyer
(DBN)

‘No Dress for You!’ A New Jersey Bridal Boutique Goes ‘Gown Nazi’ on a Bride-to-Be
(DBN)

Classroom to Courtroom: In Texas schools, response to misbehavior is questioned
(DBN)

Bank Robber Who Bragged On Facebook Pleads Guilty
(DBN)

Man arrested -- for feeding pigeons...
(DBN)

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Judges:

Longtime North Dakota bankruptcy judge Hill retires
(DBN)

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Wall Street:

U.S Stock Futures Rise on Fed Stimulus Speculation, China
(DBN)

Stocks Finish Mostly Flat in Choppy Trading
(DBN)

Higher, Just Barely
(DBN)

Boomers May Stall Stocks for Decades: Fed Paper
(DBN)

A Sales Tax on Wall Street Transactions
(DBN)

Goldman Sachs Shares Fall From Table to Lowest Since March 2009
(DBN)

Goldman Sachs Throws the Potted Plants Overboard
(DBN)

Goldman Sachs CEO lawyers up
(DBN)

Wild swings in stock market knock out IPOs
(DBN)

Why Markets Will Get Worse Before They Get Better
(DBN)

Wall Street's Credibility Problem
(DBN)

Crisis-weary rich held nerve in market sell-off
(DBN)

The Kids On Wall Street Are Moving Into Corner Offices
(DBN)

______________

Layoffs:

Economic Crisis Gets U.S. Steel a WARN Act Pass
(DBN)

UBS Plans Job Cuts of 3,500
(DBN)

Smith: President Should Create Jobs for American Workers – Not Illegal Immigrants
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mass Torts:

Jury Says Parts Makers Must Pay $32M to Navy Veteran Exposed to Asbestos Working Aboard Ships
(DBN)

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Banking:

Bank of America's stock takes a beating ... again
(DBN)

Bank of America: Time to Get Out of the Dow?
(DBN)

Will Bank of America Have to Sell Fresh Stock?
(DBN)

Bank of America may need to raise up $50 billion: Analyst
(DBN)

Why is Bank of America’s Stock Cratering Yet Again? It’s the Extend and Pretend Endgame
(DBN)

Visualizing How Bank Of America's Reserve Accounting Errors Are One Giant "Subprime CDO "
(DBN)

Morgan Stanley at Brink of Collapse Got $107B From Fed
(DBN)

Bank Competition Spurs Asset-Based Loan Boom
(DBN)

A Pat On The Back And A Slap In The Face
(DBN)

UBS axes 3,500 jobs in cost-cutting push
(DBN)

Trustee Sues Temple-Inland
(DBN)

FDIC Sues Ex-Silverton Board, Officers for $71 Million in Bank’s Collapse
(DBN)

"It is no defense that the head did not put it in writing"
(DBN)

Obama administration takes tough stance on banks
(DBN)

______________

Lehman:

RBS sued by Lehman brokerage trustee for $346 mln
(DBN)

2011 Is Not 2008: Why Lehman Was the Last 'Lehman'
(DBN)

Canary Wharf Agrees Not to Vote Against Lehman Liquidation Plan
(DBN)

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Radio:

Creditors seek black radio company's bankruptcy
(DBN)

More On The ICBC Involuntary Bankruptcy
(DBN)

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Telecoms:

Setback for Sprint in motion against TerreStar
(DBN)

______________

Health Care:

Filing bankruptcy the newest hospital business strategy
(DBN)

Peninsula Hospital in Queens on Brink of Bankruptcy
(DBN)

Peninsula Hospital Suspends ER Services as Workers Rally
(DBN)

Peninsula Hospital Board Meets As Residents Rally
(DBN)

Far Rockaway Peninsula Hospital faces bankruptcy and closure
(DBN)

Why HUMC filed for bankruptcy
(DBN)

Manhattan District Attorney Investigating St. Vincent Bankruptcy
(DBN)

Price List Could Be A Radical Medical Tool
(DBN)

______________

Mail:

Cash crisis drives USPS towards insolvency
(DBN)

Postal Service seeking help from Congress
(DBN)

______________

Baseball:

McCourt's bankruptcy lawyers bill $1.7 million, for 5 weeks
(DBN)

Frank McCourt’s Last Rabbit
(DBN)

______________

Personal Finance:

In such hard times, pets sometimes abandoned
(DBN)

______________

Tax:

Ex-UBS Client Must Give Tax Records to Grand Jury, U.S. Court Rules
(DBN)

Switzerland criticizes US tactics on tax evasion
(DBN)

The stupid complexities of the tax code
(DBN)

______________

Economy:

Bernanke Speech Is Looking Like a Lose-Lose Situation
(DBN)

Markets Are Asking Too Much From Jackson Hole
(DBN)

Get ready for a Jackson Hole surprise
(DBN)

A Look Inside The Fed's Limited Tool Box
(DBN)

US Consumer Confidence Continues Decline
(DBN)

Fed's Cheap Money Was Working but Oil Spoilt Party
(DBN)

The World's New Economy
(DBN)

Gold Advances to Record as Economy, Debt Concerns Spur Demand for a Haven
(DBN)

Gold retreats from record high above $1900/oz
(DBN)

How to move $12 billion of gold
(DBN)

US: Unsustainable Food Stamp Nation
(DBN)

'No' Vote: Consumer Confidence A Drag On Markets
(DBN)

On Wall St., a Big Split on Outlook
(DBN)

Dow Transports Collapse = Recession Priced In
(DBN)

Low Rates Till 2013? Good News…And Bad
(DBN)

The Fed's 'Secret' $1.2 Trillion Bailout of Wall Street
(DBN)

The List: Which Bank Got the Most Money
(DBN)

US Downgrade: Is S&P to Blame — or Congress?
(DBN)

Fed Data From 29,000 Pages Show Banks' Bailout: Methodology
(DBN)

Why Capitalism is Choosing Plan B
(DBN)

Financial Markets Should Focus on Gas Prices and Mortgage Rates
(DBN)

Economists: Recession isn't likely soon, but neither is a recovery
(DBN)

64% of Americans Don’t Have $1,000 in Savings
(DBN)

Soros: The Market Has All But Guaranteed A U.S. Double Dip
(DBN)

Stephen Roach: Consumers need debt jubilee
(DBN)

The Rich Can Afford to Pay More Taxes
(DBN - NY Times - Paywall Limit Possible)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal
(DBN)

Feds to AGs: Can't Touch This
(DBN)

Lender Processing Services Law Firm Targeting April Charney, Foreclosure Defense Pioneer
(DBN)

Why the bank-foreclosure settlement talks are likely to drag on indefinitely
(DBN)

Deutsche Bank knew mortgage co it bought lied
(DBN)

US Foreclosures Risks Start Rising Again
(DBN)

Delinquencies Showing 'Signs Of Worsening'
(DBN)

Delinquency Survey: Comments and State Data
(DBN)

Mortgage Delinquencies by State: Range and Current
(DBN)

Dallas foreclosures drop to lowest level in almost three years
(DBN)

In Baltimore, homes for $10,000 -- and less
(DBN)

Foreclosure cases stack up in NJ
(DBN)

Are We Now a Nation of Squatters?
(DBN)

Homebuyers Hunker Down Amid Slumping Stocks
(DBN)

Florida has highest inventory of homes in foreclosure
(DBN)

Judge McConnell orders banks, struggling borrowers to talk it out
(DBN)

Early Mortgage Delinquencies Rise to Highest in Year
(DBN)

Freddie Mac alerts real estate agents to rising short sale fraud
(DBN)

Fannie Mae: Odds of another recession are a 'coin toss'
(DBN)

Homeowners Need Help
(DBN)

Time for More Housing Stimulus?
(DBN)

Foreclosures, mortgage delinquencies slowing in Arizona
(DBN)

FHA multifamily origination breaks record
(DBN)

Former Ginnie Mae execs submit GSE reform plans
(DBN)

Investors turning more properties into rentals
(DBN)

Fitch Ratings downgrades PulteGroup on shaky housing market
(DBN)

PMI Group losing market share from regulatory oversight
(DBN)

Fannie Mae suspends PMI Group
(DBN)

Commercial property prices inch higher in June
(DBN)

Secured Creditor First Manhattan Developments REIT Seeks Dismissal of 785 Partners LLC Bankruptcy Case
(DBN)

CMBS 2.0 update: The expanded "non-interference" carve-out
(DBN)

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Corporate Reform:

Finger-Pointing in the Fog
(DBN)

What Sarbanes-Oxley Teaches Us About Dodd-Frank
(DBN)

______________

Municipalities:

Alabama’s Jefferson County Won’t Take Debt Deal That Rules Out Bankruptcy
(DBN)

Jefferson County: We Need Bankruptcy Option
(DBN)

Ala. county, creditors to resume sewer debt talks
(DBN)

Alabama Local Borrowers Punished as Jefferson Faces Bankruptcy
(DBN)

Jeffco Commission President to meet with creditors in NY
(DBN)

Man With Bong Will Bring Bankrupt California Town Back From The Brink
(DBN)

CA teachers pension system labeled 'high risk'
(DBN)

States that are most bullish on the economy
(DBN)

Health of Municipal Bonds
(DBN)

______________

Aviation:

City manager calls Commander plea for public support 'sad, last-ditch' effort
(DBN)

Former Commander president writes open letter, hopes to sway pressure on city officials, save aircraft company
(DBN)

New Rules Tighten Passenger Protections on Bumping, Long Delays and Baggage Fees
(DBN)

______________

Hotels:

Cerberus Kills Innkeepers Deal in Sign of Strain for Buyouts
(DBN)

Innkeeper's Deal the Victim of a Bad Economy
(DBN)

Bankrupt Maui Oceanfront Days Inn may be sold
(DBN)

______________

M&A:

M&A Financing Markets Squeeze Tighter
(DBN)

Cerberus Walks, the MAC Is Back!
(DBN)

______________

Retailing:

Ritz Interactive Clicks Into Chapter 11
(DBN)

______________

Horse Racing:

Bankruptcy meeting planned Wednesday for Downs horse track
(DBN)

______________

Rating Agencies:

Standard & Poor's Needs Adult Supervision, Investor Says
(DBN)

Standard & Poor's President to Step Down
(DBN)

S&P Board Fires CEO For Telling The Truth, To Be Replaced With COO Of Citibank
(DBN)

______________

Fraud:

Jury Could Decide Madoff Trustee Suit Against Mets Owners
(DBN)

A Win For The Wilpon/Katz Group In Federal District Court
(DBN)

15 Miami athletes being investigated
(DBN)

Questionable ethics within a flawed system
(DBN)

Plea hearing postponed for former Paybooks president
(DBN)

Judge Upholds $60M Restitution Order In Bayou Case
(DBN)

5 Ways Madoff Was Right
(DBN)

Down Economy and Increased Regulation Impact Corporate Fraud
(DBN)

______________

Agriculture:

Judge sets bidding procedures for assets of three bankrupt tobacco companies
(DBN)

______________

Derivatives:

Eurex ringfences clients from defaults
(DBN)

______________

New Bankruptcy Opinions
(4 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:

Sazka, Lehman, ShengdaTech, Pinnacle Point Units
(DBN)

______________

Bankruptcy Statistics:

One More Time, With Feeling
(DBN)

Maine reports drop in bankruptcy filings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Venue:

Tennessee Lawmaker Sponsors Bankruptcy Venue Reform Act
(DBN)

______________

Litigation:

Semcrude decision delineates the process for analyzing motions for continuance vs. motions for summary judgment
(DBN)

______________

Recharacterization:

Fifth Circuit: Recharacterization, It’s Not Just for Insiders Anymore
(DBN)

______________

Finance:

Business Borrowing Slammed in July
(DBN)

______________

Insolvency:

Will in Insolvency
(DBN)

______________

IP:

'Conan the Barbarian' Lawsuit Seeks Character Rights
(DBN)

______________

Celebs:

Teresa Giudice: 'You Gotta Lie!'
(DBN)

Friends, fans support Burt Reynolds during Hobe Sound home foreclosure
(DBN)

______________

Food/Beverage:

Andronico's Markets files for bankruptcy , talks sale
(DBN)

Andronico’s Markets Negotiating with Investor Group
(DBN)

Renovo Capital may take over bankrupt Andronico's
(DBN)

______________

Solar:

Massachusetts Responds To High-Profile Bankruptcy
(DBN)

Solar firm SpectraWatt files for bankruptcy
(DBN)

Solar Manufacturers Slowly Closing Up Shop In US
(DBN)

Johnson Sees End of Solar Subsidies, More Bankruptcies
(DBN)

______________

Autos:

How Old Is Chevy? Depends Who’s Asking…
(DBN)

“New” GM vs “Old” GM. Separate Entities when it Comes to Accountability for Negligence
(DBN)

Chinese Investors Are Among Bankruptcy Shadow of Saab
(DBN)

______________

Politics:

Rick Perry: Trial Lawyer Enemy No. 1?
(DBN)

Trial lawyers prep for war on Perry
(DBN)

Obama's New Message Takes Shape
(DBN)

Rick Perry Doesn't Think Social Security Is Unconstitutional (Anymore)
(DBN)

Does Rick Perry still favor repeal of 16th Amendment?
(DBN)

Why is Rick Perry distancing himself from his controversial book?
(DBN)

What Happened To Rick Perry, "No Apologies Candidate?"
(DBN)

Perry says no to "Obamacare," but what's his plan?
(DBN)

Low Wages in Texas
(DBN - NY Times - Paywall Limit Possible)

As A Lawyer, Bachmann Worked For The Tax Collectors
(DBN)

Galluo: Obama in Close Race Against Romney, Perry, Bachmann -- Ron Paul
(DBN)

Warren's criticism of Wall Street poses fundraising dilemma in Mass.
(DBN)

______________

Tech:

ShengdaTech Board Files Suit Against CEO
(DBN)

______________

Orchestras:

National musicians union puts Louisville Orchestra on 'Unfair List'
(DBN)

______________

IMF:

L’Affaire DSK: The (Criminal) End is Nigh
(DBN)

Prosecutors tell NY judge to drop Strauss-Kahn case
(DBN)

Lawyers for maid in DSK case seek special prosecutor
(DBN)

______________

UK:

Anger as MoD Alix consultants get £5000 a day each
(DBN)

Winding Up Petitions - 22 August 2011
(DBN)

Appointment of Administrators - 22 August 2011
(DBN)

______________

EU:

Europe is epicenter of coming economic earthquake
(DBN)

Europe Failure to Solve Bank Crisis Haunts Markets
(DBN)

European Banks Must Pay Up to Borrow $100 Billion
(DBN)

Scary Signs Of A Liquidity Crunch In Europe
(DBN)

______________

Canada:

Remitting is not Optional: Personal Liability of Directors for Source Deductions and Sales Taxes – The Best Intentions are Not Always a Defence
(DBN)

______________

Germany:

German Confidence Falls More Than Forecast as Debt Crisis Threatens Growth
(DBN)

German finance minister to present tax reform proposals
(DBN)

Members of Merkel's Party Emphasize Opposition to Euro Bonds
(DBN)

Germany's Central Bank Criticizes Rescue Plan
(DBN)

Germany's highest court to announce ruling on Greek, eurozone rescues Sept 7
(DBN)

______________

PIIGS:

Spain to put debt ceiling in constitution
(DBN)

Many oppose Finnish-Greek collateral deal
(DBN)

Finland-Greece Debt Deal Needs Eurozone OK: Germany
(DBN)

Prof: Ireland needs better personal bankruptcy system
(DBN)

ie: No Clarity Yet On Exactly How Mortgage Forgiveness Would Work
(DBN)

ie: If workout specialists are hot, manager level hires are hottest
(DBN)

Italy Seeks to Tackle Youth Jobless Problem
(DBN)

______________

MENA:

Nakheel to issue $1.3 billion Islamic bond this week
(DBN)

The Scramble for Access to Libya’s Oil Wealth Begins
(DBN)

Calls Rise to Send Lockerbie Bomber Back to Prison
(DBN)

The Battle for Tripoli
(DBN)

Fighting Flares in Tense Tripoli
(DBN)

US Military Intervention in Libya Cost Near $1 Billion
(DBN)

______________

Czech Republic:

Sazka's International Bondholders Oppose Terms in Tender
(DBN)

______________

Israel:

A Rallying Cry in Israel: ‘Lower the Rent!’
(DBN)

______________

Haiti:

Where Haiti’s money has gone
(DBN)

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Copyright 2011