August 26, 2011

The Daily Bankruptcy News

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Law:

Firm Continues Push to Allow Nonlawyers to Own Stake in Firms
(DBN)

In This Economy, What’s the New Meaning of JD?
(DBN)

Debevoise to Debut Mini-MBA Program for Associates in London, New York
(DBN)

Should States Deregulate the Practice of Law?
(DBN)

The Nanny Firm
(DBN)

Why Vendors Win The Document Review Work
(DBN)

MoFo Partner Offers Cautionary Tale in Use of ‘Reply All’
(DBN)

Bloomberg to buy legal research firm for $990 million
(DBN)

Bloomberg & BNA — Q&A's Related to Acquisition
(DBN)

Bloomberg Law Finally Steps Off Manhattan Island
(DBN)

Willkie, Skadden Advise on Bloomberg LP's $990 Million Legal Research Buy
(DBN)

AOL hires investment bank, law firm as advisors
(DBN)

Firm represents Gaddafi government
(DBN)

Top Clifford Chance partner vanishes
(DBN)

Work, and Life in the Balance
(DBN)

Beware! Google Wants Your Billables!
(DBN)

Legal Profession Blog: No Stay Of Arbitration Awards When Attorney Declares Bankruptcy
(DBN)

Using LinkedIn’s People Search for Business Development
(DBN)

BigLaw and Full Service: Damn the Torpedoes
(DBN)

Associate - He Says He Was Fired, But Firm Says He Quit - Continues Fight to Work as a Lawyer
(DBN)

Law school to advocate for distressed homeowners
(DBN)

One View on the Most Useful Courses in Law School
(DBN)

Billionaire Stanford Law Grad Set Up Program That Paid Teen $100K to Skip College
(DBN)

Chilling Internet Postings Linked to Stephen McDaniel
(DBN)

Even in the Internet Age, You Can’t Call Your Boss a ‘Super ---- ----’
(DBN)

Asset Forfeitures Snag Innocent Bystanders
(DBN)

Florida sheriff's detectives ask court to bill Casey Anthony $293,123
(DBN)

Casey Anthony reports for probation at secret Florida location
(DBN)

Wisconsin Judges, Charles Schwab, National Century in Court News
(DBN)

Ariz. street sign warns of rogue panda
(DBN)

"Arrogant and amoral" lawyer cleared to practise
(DBN)

Robbers dressed as clowns get surprise after cleaning out jewelry store
(DBN)

New Jersey Repeals Old Laws
(DBN)

Cherokee High Court: ‘Freedmen’ Not Part of the Tribe
(DBN)

Judge deals Costco setback in 'slurpee' lawsuit
(DBN)

15 Years for Recording a Talk with Cops? Woman Avoids Prison with Acquittal
(DBN)

______________

Judges:

"Fortunately, you gave me so much paper. Otherwise, I would have had to watch a Mets game, which would have been a very painful process."
(DBN)

DA Won’t Charge Justices in Wis. Supreme Court Fracas; One Reiterates Concern re ‘Workplace Safety’
(DBN)

Broken Pipe Deluges Federal Courthouse
(DBN)

Will New York Judges Get Paid More?
(DBN)

Millions of US court records bound for shredder
(DBN)

Law Profs Worry That Plan to Pulp Millions of Federal Court Files Will Destroy Historical Goldmine
(DBN)

California's Presiding Judges Chart New Course, Toss Staff From Room
(DBN)

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Wall Street:

Stock futures signal gains; Bernanke eyed
(DBN)

Stock markets braced for Ben Bernanke's Jackson Hole speech
(DBN)

Another stock slide: Dow down 1.5% at close
(DBN)

S&P Downgrade Prompts $1 Trillion Stock Loss
(DBN)

In U.K., Goldman Recalls Pay Rise
(DBN)

______________

Layoffs:

How states fared on unemployment aid applications
(DBN)

Obama Jobs Plan to Target Schools, Tax Breaks
(DBN)

Northrop Grumman to cut 500 aerospace jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Harrisburg, Pennsylvania, May Miss $3.3 Million Payment
(DBN)

Harrisburg "likely" to make Sept. 15 bond payment
(DBN)

Harrisburg And Trouble For Bondholders
(DBN)

Illinois Tollway board votes to raise rates 88%
(DBN)

Jerry Brown to Propose New Corporate Tax Rate
(DBN)

For Texas ’Miracle,’ Cut the Cost of Business
(DBN)

______________

Lehman:

Lehman Files Revised Liquidation Plan in U.S. Bankruptcy Court
(DBN)

Fuld, Lehman Execs to Settle Investor Lawsuit
(DBN)

_____________

Banking:

Banking: Berkshire Hathaway Invests $5 Billion in Bank of America
(DBN)

Bank of America 'Buying Credibility' With Buffett's $5 Billion
(DBN)

Warren Buffett's Magical Fairy Dust Lands On BofA
(DBN)

Buffet’s Reputation Adds Nearly $1B To BAC Deal
(DBN)

Buffett's bet on BofA may be among his riskiest
(DBN)

Warren Buffett Thought Up Investing In Bank Of America In The Bathtub
(DBN)

Warren Buffett's Coattails Don't Guarantee Riches
(DBN)

Once Again, Buffett Is a Big Winner
(DBN)

Buffett’s BofA Stake Nets $1.3B on First Day
(DBN)

"Bank Of America Got Fleeced By Buffett"
(DBN)

‘Warren Buffett Doesn’t Pay Retail’
(DBN)

Warren Buffett’s Bank of America Deal Comes With Tax Break
(DBN)

Warren Buffett's Patriotic Bailouts
(DBN)

BofA’s Warren Buffett Poison Pill
(DBN)

Risks, Rescues and Remorse
(DBN - NY Times - Paywall Limit Possible)

Buffett's Bank of America investment is the new TARP
(DBN)

Omaha's White Knight Rides To The Rescue Again
(DBN)

Well, Bank of America Gave One Guy a Dividend
(DBN)

9 Hedge Fund Managers Who Could Make Millions On Bank Of America
(DBN)

Banks in Liability Bind as States Splinter Over Mortgage Settlement
(DBN)

$1 Billion-Plus Demands in Bank Failure
(DBN)

Schwab sues 11 major banks for manipulating Libor
(DBN)

JPMorgan to pay $88.3 million in sanctions settlement
(DBN)

Former RBS CEO Splurged While Firm Was Headed For Disaster
(DBN)

Who's On the Hook for $10 Billion Claims by WaMu Investors?
(DBN)

KBW Shorted Stock as Guaranty Financial Banker, Liquidation Trustee Says
(DBN)

U.S. Banks Said to Seek Relief From Regulators as Deposits Swell
(DBN)

______________

Health Care:

Peninsula nixes ambulances
(DBN)

Hospital On Last Leg, Will Die Without Help
(DBN)

Improving America’s healthcare cost consciousness
(DBN)

______________

Hotels:

Woodbury Sheraton owner out of bankruptcy
(DBN)

Hotels: Occupancy Rate increased 3.1 Percent compared to same week in 2010
(DBN)

______________

Resorts:

A peek at Peek'n Peak's winning bidder
(DBN)

______________

Ratings Agencies:

Report: Moody's Guilty of Ratings Bias
(DBN)

______________

Bonds:

Junk bonds set to erase 2011 gains
(DBN)

______________

Debt Collection:

New Debt Collection Practices: The Good, the Bad, and the Opinions
(DBN)

_____________

Economy:

What Do Markets Expect From Jackson Hole?
(DBN)

Investors make false savior of Big Ben
(DBN)

Bernanke: A Chance To Talk About Fiscal Policy?
(DBN)

Gold bulls rush for the exits
(DBN)

Gold's Violent Slide Shows Strains Among Investors' Ranks
(DBN)

CBO: Deficits to Fall if Tax Cuts Expire
(DBN)

Mortgage rates edge higher on good economic news
(DBN)

Jobless Claims in US Rise to 417,000
(DBN)

The CBO's Laughably Optimistic Unemployment Projections
(DBN)

20% Chance of Recession: KC Fed's Hoenig
(DBN)

Disappearance of the American Working Man
(DBN)

Slower growth estimate could fan recession fears
(DBN)

Economic relapse threatens lasting damage
(DBN)

Kansas City Manufacturing Survey: Manufacturing activity expands "modestly" in August
(DBN)

Children of Divorce More Likely to Be Poor
(DBN)

Fed’s Hoenig Says "Fed Can't Do It All, No Reason for Operation Twist to Work"
(DBN)

World Economy Faces 50% Chance of Renewed Slump, Nobel Winner Spence Says
(DBN)

U.S. Consumer Confidence Stabilizes Near Record Low
(DBN)

The Equality Of Reaganomics
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage rates inch up, but remain near historic lows
(DBN)

Foreclosures make up 1 in 3 sales
(DBN)

Update on Q2 REO Inventory
(DBN)

Freddie delinquencies tick up for first time in 10 months
(DBN)

REO, preforeclosure properties selling at a larger discount
(DBN)

The Problem with Government Mortgage Refinancing Plans
(DBN)

Refinancing Malarkey
(DBN)

Boxer urges the Obama administration to help homeowners lower their loan payments
(DBN)

Possible Refinance Plans Unsettle Mortgage Bond Market
(DBN)

How Chase Ruined Lives of People Who Paid Off Their Mortgages
(DBN)

‘Wall St. Is Main St.’ Mentality at Heart of Failed Foreclosure Prevention Policies
(DBN)

Desperate times, desperate measures. Proposal to guarantee rock bottom mortgage rates for all takes flight
(DBN)

Why is Eric Schneiderman Under Siege? He's Doing His Job
(DBN)

Foreclosure Fraud Settlement Hung Up on Everything That Would Be in the Settlement
(DBN)

All the Powerful People Really Hate New York AG Eric Schneiderman
(DBN)

As Obama homes in on $25B mortgage settlement, Schneiderman holds out for more
(DBN)

An Attorney General Vs. The Banking World
(DBN)

Why Is the White House Defending the Banks from Investigations?
(DBN)

Mortgage probe split puts banks in tactical bind
(DBN)

Iowa AG feels backlash for Schneiderman's removal
(DBN)

You're Going to Hear a Lot About Eric Schneiderman
(DBN)

Buffett Is Betting Against Eric Schneiderman
(DBN)

Under fire, NY AG wins plaudits in mortgage probe
(DBN)

Groups Back Schneiderman's Stance On Mortgage Settlement
(DBN)

‘MERS morass’ is hanging up negotiations on foreclosure settlement
(DBN)

Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit
(DBN)

Miami home sales slow on broader economic concerns
(DBN)

Denver renters eat up single-family homes, duplexes
(DBN)

In Honor of Rahm's Foreclosure War, a Curbed Foreclosure Tour
(DBN)

Fannie, Freddie Takeover Could be Key to Obama Jobs Plan
(DBN)

The Housing Market is Shrinking
(DBN)

In a Difficult Housing Market, More Homes Sell for Less Than $10,000
(DBN)

Cordoba Ranch project files for protection
(DBN)

Commercial real estate outlook turns grim
(DBN)

Recession hits Kent Swig: 1st ever foreclosure at 740 Park Avenue
(DBN)

Coming Next: The Landlord’s Rental Market
(DBN)

Apartment REITs poised for strong performance
(DBN)

_____________

Accounting:

Colonial Bank owner files suit against auditors
(DBN)

______________

Fraud:

Madoff: I'm A Victim, Too
(DBN)

Bernie Madoff Says He Was 'Trapped into the Greed of Others'
(DBN)

Bernie Madoff Thought He Was Going to Help Teach Ethics at Harvard
(DBN)

Madoff: insider trading rife on Wall Street
(DBN)

Madoff Trustee Sues Delta National Bank Seeking at Least $20.6 Million
(DBN)

Bernie Madoff Gets A Cinematic Comeuppance
(DBN)

Cashing Madoff: A hero by the numbers
(DBN)

Can Anyone Stop the Next Madoff?
(DBN)

Giving Bernie Madoff a "Media Megaphone" is Not Wise
(DBN)

Feds: We won't call Mutual Benefits a "Ponzi"
(DBN)

'Jewish Indiana Jones' Charged With Mail Fraud
(DBN)

Ex-Galleon Trader Drimal Should Get 70- to 80-Month Prison Term, U.S. Says
(DBN)

National Century’s Poulsen Loses Bid to Erase Fraud Conviction, Sentence
(DBN)

Judge Scrutinizes Legal Fees in WexTrust Ponzi Scheme Case
(DBN)

Company Duplication: Plain Fraud or a ‘Poor Man’s’ Bankruptcy? A Case Study in the Financial Distress of Small Businesses
(DBN)

______________

Media:

Tribune's bankruptcy judge won't give timing of ruling
(DBN)

______________

Politics:

Ron Paul: Mobs In Europe A Sign Of Things Coming
(DBN)

For Some in GOP, a Tax Cut Not Worth Embracing
(DBN - NY Times - Paywall Limit Possible)

Do Republicans Really Want to Cut Taxes on the Wealthy and Raise Them on Everyone Else?
(DBN)

______________

Gambling:

Poker Player Blames Celerity Poker Game for Bankruptcy
(DBN)

______________

Aviation:

Airlines: Why charge an arm and a leg when you can charge for each arm and leg? :))
(DBN)

______________

Golf:

Exclusive Spanish Trail Country Club files for bankruptcy
(DBN)

______________

Tubing:

IUSA's Tubo De Pasteje Wins Approval of Bankruptcy Restructuring Plan
(DBN)

______________

Distressed Investing:

Distressed -Asset Vultures Watch—and Wait—Over Europe
(DBN)

_____________

Tech:

Acer shares fall after warning of further losses
(DBN)

______________

Non-Profits:

Nonprofit Head of College Board Paid More Than Harvard’s Leader
(DBN)

______________

Autos:

The New GM's Report Card
(DBN)

New Car Dealerships Increase in US
(DBN)

Ford Workers Want Job Security
(DBN)

Auto Rebound Driving Jobs in US
(DBN)

_____________

Religion:

Boston church releases list of accused priests
(DBN)

______________

New Bankruptcy Opinions
(2 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:

Lehman, Nortel, WaMu, General Growth
(DBN)

Washington Mutual, Nebraska Book, Lehman, PTL
(DBN)

______________

Bankruptcy Statistics:

Atlanta small biz bankruptcies down in Q1
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Personal Bankruptcy:

Your Government Prefers Chapter 13
(DBN)

______________

Jurisdiction:

After 29 Years, Northern Pipeline Still Has Teeth
(DBN)

KKR, Bruno's, the Fiduciary Shield Doctrine, and the Long Arm of Alabama
(DBN)

______________

Sales:

It all depends on what the meaning of the word 'or' is
(DBN)

Pennsylvania Academy of Music assets detailed prior to auction
(DBN)

______________

Litigation:

Confronting E-Discovery's 'Ill-Defined Preservation Obligation'
(DBN)

Lawyers Optimistic and See Growth in Litigation in 2011
(DBN)

______________

Newspapers:

Oregon Newspaper Publisher Has Fighting Words for Lender
(DBN)

Oregon Newspaper Publisher Western Communications Enters Bankruptcy
(DBN)

Buyer emerges for Salem Times-Register and six other community newspapers
(DBN)

7 small, local newspapers bought by former owner of 2 of them
(DBN)

______________

Celebs:

'Housewives of DC' star's winery up for auction
(DBN)

Lenny Dykstra charged with indecent exposure in LA
(DBN)

The Secret World of Dr. Arnold Klein
(DBN)

______________

Baseball:

Power of the press: It's costing Frank McCourt cash
(DBN)

______________

Weather:

Irene: New York City, Mid-Atlantic Put on High Alert
(DBN)

Irene May Require Evacuations of Some New York City Areas, Bloomberg Says
(DBN)

Hurricane Irene set to hit New York by Monday; evacuations eyed; NY, NJ declare state of emergency
(DBN)

Airlines start canceling flights as Irene nears
(DBN)

U.S. East Coast in Irene's path, scrambles to prepare
(DBN)

Irene Threatens East Coast With $13.9B in Damage
(DBN)

Region prepares for Hurricane Irene 's arrival
(DBN)

Hurricane Irene Tracking Map
(DBN - NY Times - Paywall Limit Possible)

______________

Oil/Gas:

Geologists Sharply Cut Estimate of Shale Gas Reserves
(DBN)

Superior Offshore Committee Claims Ex-Managers 'Looted' Company
(DBN)

______________

Mass Torts:

Feinberg urges oil spill judge to reject call for special master
(DBN)

EPA releases Libby asbestos report
(DBN)

Canada's doctors blast Harper government's asbestos
(DBN)

______________

Corporate Reform:

SEC examining records destruction
(DBN)

Date Set for Cordray Senate Confirmation Hearing
(DBN)

State AGs Could Have Access to CFPB Large Bank Examination Data
(DBN)

______________

Solar:

Q-Cells Studies Insurance Under Bankruptcy Scenario
(DBN)

Solar shakeout will bring more failures, few deals
(DBN)

______________

Bankruptcy Crimes:

Man indicted on bankruptcy fraud charge
(DBN)

______________

Valuation:

The Disposition Valuation Model Approach To Orderly REO Resale
(DBN)

_____________

Student Debt:

Recession Has Lit the Fuse on Explosive Student Debt
(DBN)

______________

Paper:

Papermaker in Bankruptcy-Loan Talks
(DBN)

______________

Hedge Funds:

John Paulson Is Now Down Almost 40%
(DBN)

______________

UK:

"R&R" the hard way – the FSA's consultation on recovery and resolution
(DBN)

High Court orders closure of Century Property Group Ltd
(DBN)

Hotels and leisure sees third highest rate of insolvencies in July
(DBN)

AssetCo Got a Months Stay of Execution in the High Court Today
(DBN)

Pre-pack administration changes delayed
(DBN)

______________

EU:

Sarkozy Growth Forecasts Seen as Too High, Pointing to More Cuts
(DBN)

Doubts Still Harbored About Europe's Banks
(DBN)

______________

Canada:

Ontario Commercial Court rules proceeds of BIA preference action subject to rights of secured creditors
(DBN)

______________

PIIGS:

Greek Bond Swap Take-Up Only 50 Percent
(DBN)

Greece sets minimum take-up rate for debt swap plan
(DBN)

Greece seeks details of global holders of its bonds
(DBN)

Greek austerity woes to feature in creditor talks
(DBN)

Greece may slightly miss 2011 fiscal targets- finmin
(DBN)

Greece Quietly Activates Emergency Liquidity Measures
(DBN)

Greece Exposure Hit WestLB, LBBW First Half Profits
(DBN)

Finland abandons Greek collateral deal under German pressure
(DBN)

______________

China:

China's Obstacles in Rebalancing Its Economy
(DBN - NY Times - Paywall Limit Possible)

Amid Big Profits, Chinese Banks Show Strains
(DBN)

China's beleaguered taxi drivers highlight working-class struggles
(DBN)

______________

MENA:

Gaddafi releases defiant audio statement
(DBN)

Rebels, looters target family homes
(DBN)

______________

Korea:

Regulations Fail To Stem Debt Rise
(DBN)

______________

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Copyright 2011