August 9, 2011

The Daily Bankruptcy News

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Law:

Frank McCourt is still waiting to sue his former law firm
(DBN)

After NY Defection, Weil Names UK Partner to Lead International Practice
(DBN)

What Is Up With Chicago-Area Lawyers? Updates on Reema Bajaj and Jason Smiekel
(DBN)

Beware of Litigator: Partner Leaves BigLaw for New Consumer Banking Watchdog
(DBN)

Firm demotes seventeen in lockstep overhaul
(DBN)

Henes: Top 5 Questions About the Downgrade, the Economy, and the Markets
(DBN)

Summer Is Ending, But Flip-Flops Are Still Hot at Quinn Emanuel
(DBN)

K&L Gates Sues Former Partner Charged With Theft
(DBN)

The U.S. Credit-Rating Downgrade Will Keep In-House Lawyers Busy
(DBN)

Are You Master of Your Domain?
(DBN)

E-Discovery on Macintosh Systems
(DBN)

Hard Candy: iPad Cases and Stylus
(DBN)

Firm to Client? Congratulations! Client to Firm? Some Reservations
(DBN)

Womble Scores Partial Victory in Malpractice Mess
(DBN)

Tweeting Jurors to Face Jail Time With New Law
(DBN)

Sometime-Foes Boies and Olson Honored with ABA Medal for Successful Joint Efforts
(DBN)

Lawyer Sues Law School For A Job
(DBN)

Hundreds mourn law student Giddings' death at funeral
(DBN)

A Portrait of the Accused as a Young Man
(DBN)

Law School Demands Law Professor Undergo Psychiatric Evaluation
(DBN)

ABA Asks US Government to Address Heavy Student Loan Debts
(DBN)

Our Bar . . . is . . . an asylum for the lame, and the halt, and the blind from the law schools of this country. And they are still coming.
(DBN)

The Case Against Law School: A Student’s View of the Law School Debate
(DBN)

Futuristic Capsule Hotels Host Overworked Lawyers
(DBN)

Desperately Seeking… Katherine
(DBN)

Lawyer must make his case with more active job search
(DBN)

Wells Fargo, Mariner Energy, Langford, BofA, SAC, Facebook in Court News
(DBN)

Mother jailed for biting son
(DBN)

Anthony Pellicano Makes Shocking Charges About Arnold Schwarzenegger, Michael Jackson
(DBN)

Lawyer Indicted in Extortion Plot Tied to Fake IRS Probe
(DBN)

Don't Tase me Bro!
(DBN)

"He thought the dogs were coming, and he was trying to throw off the scent"
(DBN)

Lawsuit of the Day: A Sushi Roll with ‘Special Sauce’
(DBN)

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Judges:

ABA Calls for More Effective Rules on Judicial Disqualifications
(DBN)

Judge’s Sanction Banning Website Mention of Law Firm and Members Violated 1st Amendment
(DBN)

Boies and Olson's Latest Campaign: Stanching the Hemorrhaging at State Courts
(DBN)

ABA Must Lead Fight for Court Funding, Says New ABA President Robinson
(DBN)

Elena Kagan's First Year on Supreme Court Shows Judge With Chutzpah
(DBN)

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Wall Street:

US Stock-Index Futures Fluctuate Between Gains and Losses
(DBN)

US Futures Give Up Gains, As The World Waits For Bernanke To Save The Day
(DBN)

Futures signal another slide on Wall Street
(DBN)

Global Stock Rout Engulfs Asia as U.S. Debt Cut, China CPI Add to Concerns
(DBN)

European stocks lose 5 pct in broad sell-off
(DBN)

Another Day, Another 500 Points Off the Dow
(DBN)

Armageddon scorecard
(DBN)

Market rout drives global economy to precipice
(DBN)

Plunging stock prices a sword over U.S. economy
(DBN)

Dow Plunges 550, S&P and Nasdaq Sink 6%
(DBN)

Dow Down 600+, S&P 500 down 6.66%
(DBN)

Some Eye-Opening Stats About The Market Plunge
(DBN)

U.S. downgrade hits world stocks as investors flee
(DBN)

Ending Moral Rot on Wall Street
(DBN)

A Visual Chronicle of Stock Traders’ Agony
(DBN - NY Times - Paywall Limit Possible)

Across Globe, Traders Brace for a Downturn
(DBN)

IPOs may feel sting of credit rating downgrade
(DBN)

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Layoffs:

Bank Layoff Projections Are Now Over 100,000
(DBN)

Jobs: Worse Than You Think
(DBN)

Report Warns of Weak Jobs

Growth in Coming Months
(DBN)

America's Job Crisis
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

S&P Begins Downgrading Municipalities
(DBN)

Municipal Bankruptcy : Who's Next In RI?
(DBN)

Rhode Island Braces For Muni Crises In Wake Of Central Falls
(DBN)

Alabama county submits new debt settlement offer
(DBN)

Vallejo Exits Bankruptcy Paying More for Pensions
(DBN)

Pennsylvania’s Muni Oversight Law Falls Short as Workers Doubt Paychecks
(DBN)

Maine Quashes Wall Street Negotiated Debt Deals Declaring No Free Lunches
(DBN)

20 Areas on the Brink of Recovery
(DBN)

Rising State Revenues Explained
(DBN)

30,000 college students kicked out of food aid program in Michigan
(DBN)

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Oil/Gas:

Oil Falls to Eight-Month Low in New York as Investors Buy Treasuries, Gold
(DBN)

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Retailing:

Vivian Alexander Inc. files for bankruptcy protection
(DBN)

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Orchestras:

Syracuse U. Works Behind the Scenes on New Symphony
(DBN)

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History:

Capitalism in Crisis: Warning from History
(DBN)

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Politics:

Even Doonesbury Wants Warren Senate Run
(DBN)

Huckabee: Trump For Treasury Secretary
(DBN)

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Corporate Reform:

As Wall Street Gets Messier, Preet Bharara Aims to Clean it Up
(DBN)

Seven Hidden Gems of Financial Reform
(DBN)

The CFPB's Impact On The Banking Industry
(DBN)

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Lehman:

State Street has agreement over some Lehman claims
(DBN)

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Hotels:

Headlands Hotel firm has $16m owing, report shows
(DBN)

Defaults Decline in California Hotel Market
(DBN)

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Credit/Debit Cards:

Credit Card Charge-Offs Down, Borrowing Up
(DBN)

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Economy:

Corporate Executives Grow More Pessimistic
(DBN)

US firms hoarding $2 trillion
(DBN)

Consumer Confidence Up in July
(DBN)

10-year Treasury yield falls to 2-year low
(DBN)

Downgraded, but US Bond Sales Soar
(DBN)

S&P Cuts Fannie, Others
(DBN)

Investors: Say Au Revoir To Triple-A Certainty
(DBN)

Downgrades: Who’s Next?
(DBN)

Moody's cautious about U.S. deficit cuts plan
(DBN)

What Will Fitch Do?
(DBN)

What Does the S&P Downgrade Mean, If France Is Rated Higher Than the U.S.?
(DBN)

Geithner: S&P Used Horrible Judgment
(DBN)

Why S.&P.'s Ratings Are Substandard and Porous
(DBN - NY Times - Paywall Limit Possible)

Behind S.&P.'s Downgrade, a Committee That Acts in Private
(DBN)

S&P Cuts AAA Ratings on Thousands of Municipal Bonds After U.S. Downgrade
(DBN)

Did George Soros win 10/1 return on S&P's US credit rating downgrade?
(DBN)

S&P Seen Surrendering to Tea Party
(DBN)

Washington Sacrifices Its Financial Rating To Feed The Sacred Cows
(DBN)

U.S. Should Downgrade S&P
(DBN)

Standard & Poor’s Sees Ratings Cut More Likely than Return to AAA
(DBN)

S&P's worst-case scenario may be the most likely
(DBN)

DC needs to fire back strong against S&P downgrade
(DBN)

S&P to face withering backlash, investigations likely?
(DBN)

How The Credit Downgrade Will Really Hurt Americans
(DBN)

Durbin: Debt rating should start bipartisan action
(DBN)

Obama, Boehner Continue to Duel on Deficit
(DBN)

How US Downgrade Will Alter World Economy
(DBN)

Is The World Going Bankrupt?
(DBN)

The downgrade FAQ
(DBN)

US Downgrade Shines A Light On Other Weak AAA Credits
(DBN)

Corporate CDS Spreads Blowing Out, Too
(DBN)

Bank of America, Wells Fargo predict 1 in 3 odds of another recession
(DBN)

Gold soars to record above $1,700 on debt fears
(DBN)

Pollster: Americans Are 'Pre-Revolutionary'
(DBN)

Forget Taxes, It's Wages That Plague Americans
(DBN)

2011-2020: Decade of US Economic Hell
(DBN)

Bernanke's Options are Limited
(DBN)

Fed's Elusive Prescriptions for an Erratic Ailment
(DBN)

Fed May Strengthen Stimulus Pledge on Recession Concern
(DBN)

Rogoff Says Fed Will Embark on QE3, Act ‘Decisively’ on Economy
(DBN)

Nouriel Roubini: Risk of double-dip recession in US reaching 50%
(DBN)

Goldman: 33% Chance for Recession
(DBN)

Slouching Toward a Double Dip, For No Good Reason
(DBN)

Shared Sacrifice of Whom?
(DBN)

We Are Ignorant Because We Enjoy Being Lied to. Today: Lies About the US Debt
(DBN)

Beyond debt woes, worries over globalization
(DBN)

A Wave of Worry Threatens to Build on Itself
(DBN)

Obama Counsels Calm, but No Deal Is in Sight
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Federal probes of U.S. mortgage lenders fizzle
(DBN)

U.S. Home Values Have Smallest Drop in More Than Four Years, Zillow Says
(DBN)

OC: Distressed homes account for 52% of sales ‎
(DBN)

Law firm's strategies in mortgage holders' struggles provoke ethics issues
(DBN)

S&P downgrades Fannie and Freddie
(DBN)

FHFA assures investors after Fannie, Freddie downgrade
(DBN)

What the debt downgrade means for your mortgage
(DBN)

Federal appellate court denies Judicial Watch request for GSE docs
(DBN)

A Routine Foreclosure May Be A Preferential Transfer
(DBN)

Wilmington developer Yow files for personal bankruptcy
(DBN)

Beazer 3Q loss widens , closes on fewer homes
(DBN)

Mortgage credit growth drops 4% over last year
(DBN)

Bulk Buying Would Ease U.S. Housing Crisis, Morgan Stanley Analysts Say
(DBN)

Administration Touts HAMP Redefault Rates
(DBN)

Chicago's vacant property ordinance likely to face constitutional challenge
(DBN)

That Pesky 14th Amendment
(DBN)

Mortgage REITs slammed by sell-off
(DBN)

Bankrupt Company FRM Hurts Investors from Beyond the Grave
(DBN)

$629 Million Wachovia Bondholders' Settlement: Largest Subprime Securities Suit Settlement Yet
(DBN)

Malibu Mansion Could Become The Most Expensive US Home Ever Sold At Auction
(DBN)

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Banking:

Bank of America stock tumbles on AIG mortgage fraud suit
(DBN)

The Summer Of Reckoning For Bank Of America
(DBN)

Bank of America Shares Drop 20 Percent
(DBN)

The Bank Stock Bloodbath
(DBN)

Global Banks Poised to Slash 101,000 Jobs in Fastest Reductions Since 2008
(DBN)

Barclays: No More Bonuses for Lehman Workers
(DBN)

The Dreaded ‘It’s Different This Time’ Tag for Banks
(DBN)

David Tepper Hits “Sell” on Bank Shares
(DBN)

Banks Pounded After Lawsuit, Economy Further Imperiled
(DBN)

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Turnarounds:

Turning around Hawaii's Largest Companies
(DBN)

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Hedge Funds:

Hedge fund strategies trend to negative in June
(DBN)

Long/Short Equity Hedge Fund Managers Getting Destroyed
(DBN)

For some Asian hedge funds, market rout is sweet
(DBN)

______________

Avoidance Actions:

Arch Aluminum & Glass Liquidating Trustee Files Report Regarding Preference Actions
(DBN)

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Religion:

In Sex Abuse Case, DA Questions Firm's Representation of Both Archdiocese and Cardinal
(DBN)

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Accounting:

KPMG to hire 75,000 graduates worldwide
(DBN)

______________

Defaults:

Moody's reports falling high yield corporate defaults
(DBN)

Number of defaults on debt payments tripled in Q2: S&P
(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)

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Miscellaneous:

Jackson Hewitt, TCI Courtyard, LA Dodgers
(DBN)

Dodgers, Lehman, Madoff, Jackson Hewitt, PPI
(DBN)

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Bankruptcy Statistics:

July brings decline in WD NY bankruptcy filings
(DBN)

July at a Peak for St. Louis Business Bankruptcies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Insurance:

Berkshire, Other Insurers Get ‘Negative’ Tag from S&P
(DBN)

Private mortgage insurers struggle after US debt downgrade
(DBN)

News Corp D&O insurers expect tower to be wiped out
(DBN)

______________

Distressed Investing:

Wilbur Ross Buys Assets on View World Market Slump Lost Touch With Reality
(DBN)

______________

Tax:

Jackson Hewitt wins OK to emerge from bankruptcy
(DBN)

IRS: Nearly 1,500 millionaires paid no federal income tax in 2009
(DBN)

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Baseball:

Los Angeles Dodgers Post $3.3M Loss in June
(DBN)

Dodgers likely to lose $27 million because of dramatic decline in attendance
(DBN)

Why Dodgers' $27-million loss could be only the beginning
(DBN)

Dodgers Reveal Details Of New $150M Loan Deal With MLB
(DBN)

Los Angeles Dodgers File First Monthly Operating Report with the Bankruptcy Court, Burned Through $34 Million in Cash in First Four Days for Operations
(DBN)

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Mass Torts:

CSX, asbestos attorneys throw suits at each other
(DBN)

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Fraud:

Focus on Insider Trading Becomes More Intense
(DBN - NY Times - Paywall Limit Possible)

Madoff Trustee Can't Pursue UniCredit Bank Austria AG Claims
(DBN)

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Aviation:

Moody’s threatens to downgrade Air India creditors
(DBN)

Airline stocks tumble over recession fears
(DBN)

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Celebs:

Judge sets hearing for Dykstra on auto theft charges
(DBN)

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Food/Beverage:

Court allows Harry & David to end pension plan
(DBN)

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Corporate Governance:

9 CEOs That Need to be Fired
(DBN)

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Sovereigns:

France And Britain AAA Ratings Under Scrutiny
(DBN)

Who in the world is most in debt?
(DBN)

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IMF:

Maid Files Civil Lawsuit Against Dominique Strauss-Kahn
(DBN)

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UK:

Bank of England to Warn on Slower Growth
(DBN)

June factory output suffers surprise fall, trade weak
(DBN)

Insolvency figures 'do not paint the full picture'
(DBN)

Homeware retailers hardest hit by recession
(DBN)

Violence escalates in London
(DBN)

London Burns for the Third Night in a Row
(DBN)

The Sad Truth Behind the London Riots
(DBN)

Cameron Cuts Short Vacation Amid U.K. Riots
(DBN)

London Police Run Out of Space as City Licks Wounds
(DBN)

Distressed deals still dominant - R3
(DBN)

Appointment of Administrators - 8 August 2011
(DBN)

Winding Up Petitions - 8 August 2011
(DBN)

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EU:

ECB Trichet: Markets not getting message
(DBN)

Trichet Is Out Saying The Worst Things Possible
(DBN)

Trichet Turns ‘President of Europe’ as Debt Crisis Stuns Political Leaders
(DBN)

Europe's band-aid fix won't solve the crisis
(DBN)

EU Crisis May Pack US Banks with Deposits
(DBN)

European Stocks Slide for Eighth Day in Longest Losing Streak Since 2003
(DBN)

European distressed debt hedge fund managers eye prospects of massive refinancings in 2012
(DBN)

Some EU Countries Fundamentally Bankrupt
(DBN)

Krugman on ECB Intervention
(DBN)

ECB Bailout 'Will Cost France' its Triple-A Rating
(DBN)

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Canada:

Ontario green energy plan a ‘recipe for bankruptcy’
(DBN)

Letters of Credit - Avoiding the Piaggio Piýge
(DBN)

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Germany:

German Corporate Insolvencies Decrease In May
(DBN)

German June Exports Drop, Adding to Signs of Economic Slowdown
(DBN)

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PIIGS:

3 non-EU countries release euro32 million for Greece
(DBN)

Greek stock market tumbles to 14-year low
(DBN)

Austerity Plan Might Not Work for Spain and Italy
(DBN)

Ie: Morgan Kelly Warns Of New Middle-Class Debt Default
(DBN)

AIB Propose Plan to Aid Struggling Homeowners
(DBN)

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Africa:

Nigeria's AMCON takes over 3 nationalized banks
(DBN)

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China:

Don't count on China to mop up the mess this time
(DBN)

U.S. debt downgrade leaves China in a bind
(DBN)

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Mexico:

Mexican Legal Framework of Business Insolvency
(DBN)

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Copyright 2011