December 14, 2011

The Daily Bankruptcy News

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Law:

Berger Singerman Attorneys Howard Berlin And Kristopher Aungst Named "Most Effective Lawyers 2011" By Daily Business Review
(DBN)

Giddens, Hughes Hubbard say no conflict in MF Global work --- Giddens Law Firm Worked for MF Parent Lenders Citibank, BofA --- PricewaterhouseCoopers Paid MF Trustee s Firm $6 Million in 2011
(DBN)

Bonus Watch: Susman Godfrey Pays Ten-Gallon Bonuses (and Announces New Partners)--- It’s Cahill Time (aka Time for Cravath Associates To Feel Bad, Again)--- Cadwalader Matches S&C Bonus Scale
(DBN)

As WaMu Reaches Chapter 11 Deal, A Look At Its Biggest Bankruptcy Billers
(DBN)

Expelled from Linklaters’s Gilded Cage (Layoffs at Linklaters, at the partner level.)
(DBN)

Judge Rules Law Partner Is Not an Employee, Can't Sue for Age Discrimination
(DBN)

Fourteen Vinson & Elkins partners exit to Bracewell & Giuliani
(DBN)

Morgan Stanley, HSBC, AT&T, BNY Mellon, UBS in Court News
(DBN)

Are You, Law Grad, ‘Economically Viable’?
(DBN)

Three Ways the Holidays Can Boost Your Résumé
(DBN)

What to Do When the World Starts Moving Away
(DBN)

Law School Apologizes for Briefly Posting Fictitious Ad for Unpaid Potato-Chip-Tester Position
(DBN)

Haven’t We All Had a Little Adderall?
(DBN)

Law School Transparency Hits Back
(DBN)

Paralegal Allegedly Used Forged $285K Law Firm Check to Take Private Jet to NYC for Spending Spree
(DBN)

Man Faces Criminal Charge After Faking (Alive)Mom’s Obituary in Bid for Paid Time Off
(DBN)

Up A Pole, Cop OK
(DBN)

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Judges:

Lawyer flings even more religious slurs at judge handling company's bankruptcy case
(DBN)

Catholic League Files Complaints over ‘Catholic Beasts’ Brief
(DBN)

Law Firm to Complain About Judge Who Jailed Attorney for Contempt for Blocking Client Drug Queries
(DBN)

Supreme Court Lines up Potentially 'Explosive' Election Year Docket
(DBN)

Supreme Court an ‘enormous issue’ for 2012
(DBN)

Elena Kagan recusal judged on the blogs
(DBN)

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Wall Street:

US stock index futures signal early gains
(DBN)

World stocks down as Fed holds off on new stimulus
(DBN)

Stocks Erase Gains After Fed Statement
(DBN)

Wall St.'s Odd Couple and Their Quest to Unlock Riches
(DBN)

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Layoffs:

Citigroup will be laying off 413 employees in New York City
(DBN)

Job openings decline in October to 3.27M
(DBN)

Companies blame unemployment on skills gap... Lack of qualified workers, not demand, cited
(DBN)

The 25 Best Companies To Work For In America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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MF Global:

Probe Said to Investigate Illegal Use of Funds to Post Margin
(DBN)

Exec says Corzine knew about missing money
(DBN)

MF Global Trustee Says Highridge's $50 Million Is 'Located'
(DBN)

MF Global Execs Say They Don't Know How Funds Went Missing --- Corzine says gave no order to move MF Global funds --- Never authorised 'misuse'
(DBN)

Senators have ideas over missing MF Global funds
(DBN)

Corzine amends comments about MF fund transfers --- Corzine is clueless
(DBN)

MF Global was confident it could survive --- Drew up survival manual in final days
(DBN)

What Is Re-Hypothecation, And Does It Explain Why So Much MF Global Money Is Missing?
(DBN)

What the Hell Happened at MF Global?
(DBN)

Was There a Madoff Inside MF Global?
(DBN)

MF Global Trustee Says Goal Is to Return 100 Percent of Fund --- MF Global Trustee Seeks Creditors' Money for Customers
(DBN)

MF Global Broker Customers May Get Refunds From Bankrupt Parent’s Estate
(DBN)

Malpass on Corzine Hearing, MF Global
(DBN)

MF Global for Dummies
(DBN)

Trustee James Giddens testimony to US Senate Ag Committee on MF Global
(DBN)

Republicans Pocketed MF Global Money, Too
(DBN)

How MF Global Almost Got Away With Everything
(DBN)

JP Morgan's Role In MF Global Will Be Investigated --- Corzine Says JPMorgan Contacted MF Global on Overdraft of Funds
(DBN)

The Real Victims of Jon Corzine & MF Global's Bankruptcy
(DBN)

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Banking:

Washington Mutual executives set to settle financial crisis lawsuit --- Settlement is more fizzle than fight
(DBN)

Ex-WaMu Officers to Pay Fraction of $64 Million Settlement of FDIC Laws
(DBN)

Big Banks Suffer Credit Downgrade
(DBN)

Pain May Not be Over for US Banks
(DBN)

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Autos:

Saab gets latest lifeline via $5 million Chinese infusion
(DBN)

Shares in Saab parent company halted after plunge
(DBN)

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Aviation:

Attorney for AMR creditors pledges cooperation --- Want AMR to Exit Bankruptcy Stronger
(DBN)

American Airlines Has First Hearing in Bankruptcy Court
(DBN)

SMU Experts Look At AMR
(DBN)

American Airlines creditors get in line
(DBN)

Commander bankruptcy hearing continued to Jan. 17
(DBN)

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Celebs:

MC Hammer Denies New IRS Debt Rumors Via Twitter
(DBN)

R. Kelly Selling Off Home Facing Foreclosure
(DBN)

Actor Gary Dourdan Facing Foreclosure on Venice Home
(DBN)

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Economy:

Fed holds rates steady, sees moderate growth
(DBN)

Fed Seen Revising Zero-Rate Pledge as Need for Bond Purchases Diminishes
(DBN)

Bernanke Signals Fed Ready to Ease on EU Risk
(DBN)

Economic Confidence Improving but Trails Year Ago
(DBN)

Most Economists Expect Another Global Recession
(DBN)

Small Businesses Feeling Better
(DBN)

US Deficit on Pace to Run Below $1 Trillion
(DBN)

Debt Burdens Still Have Power to Shock
(DBN)

No End In Sight For Payroll Tax Cut Standoff
(DBN)

Boehner: House Will Approve Tax Cut Bill --- House to Pass Payroll Tax Cut Despite Veto Threat
(DBN)

Millionaires on Food Stamps? GOP is on It
(DBN)

How to Solve Inequality? A Really Bad Recession
(DBN)

Ground Zero for US Inequality: Connecticut
(DBN)

Fed: The Only Thing That Can Derail The US Economy Now
(DBN)

Who Counts as 'Rich'? Continued
(DBN)

Number of Currently Married U.S. Adults Hits a Record Low
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Realtors: Sorry, but we've been totally inflating home sales data since 2007
(DBN)

US Senate Democrats Question Regulators' Foreclosure Probe
(DBN)

Borrowers may give up future claims in foreclosure reviews
(DBN)

Bank of America Mortgage Foreclosures May Face $19 Billion in Robo-Signing Concessions
(DBN)

Not Even A $19 Billion Settlement Will End The Mortgage Mess --- Another Day, Another Claim of an Imminent Foreclosure Fraud Settlement
(DBN)

Anatomy of a Mess – The Foreclosure Crisis
(DBN)

Judge Kills Foreclosure Over Law Firm's Late Verifications
(DBN)

Realtors: We've Overcounted US Home Sales for Years
(DBN)

'Conflicted robosigner' equals no foreclosure : NY state judge
(DBN)

Fitch: Properties average eight months in REO
(DBN)

Home values dip in October as market reaches for the bottom
(DBN)

Does Congress Want to Supersize the FHA?
(DBN)

Construction Companies Have Never Had To Wait This Long To Get Paid
(DBN)

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Oil/Gas:

Oil Surges on Speculation of Supply Disruption, U.S. Stimulus --- Iran's Hormuz Strait Threats Could Wreak Global Economic Havoc
(DBN)

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Retailing:

RoomStore Chapter 11 Not Its First Brush With Bankruptcy
(DBN)

Losses, cash shortage led to RoomStore filing
(DBN)

Retail sales are helping economy grow consistently --- Sales Climb Less Than Forecast
(DBN)

The Collapse Of Best Buy --- How Best Buy Became Such A Steaming Disaster
(DBN)

US retail sales rise slightly in November
(DBN)

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Municipalities:

Bankruptcy Judge Mary France rejects Harrisburg City Council's bankruptcy appeal
(DBN)

Harrisburg's creditors should give more, state-appointed receiver David Unkovic says
(DBN)

Detroit prospects look bleak
(DBN)

Firm to dissect city's finances
(DBN)

Child homelessness up 86 percent in Southwest Florida
(DBN)

Texas Comptroller: Economic Recession Over --- $1.6 Billion Surplus Projected
(DBN)

CA: Top 100 Tax Delinquents Owe $419M
(DBN)

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Resorts:

Judge Says Resorts Can Start Borrowing On New Bankruptcy Loan
(DBN)

Garnet Lake Lodge sale approved by bankruptcy judge
(DBN)

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Food/Beverage:

M. Slavin & Sons, Ltd. Announces Bankruptcy Exit
(DBN)

Friendly's pension meltdown
(DBN)

Round Table Pizza to exit Ch. 11
(DBN)

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Fraud:

Worldwide Financial CEO sentenced in bankruptcy fraud scheme
(DBN)

Deanna Coleman testifies in Petters bankruptcy case
(DBN)

Billionaire Steve Cohen: Insider trading is really just a "judgement call"
(DBN)

Who will pay Rothstein's legal fees?
(DBN)

Scott Rothstein Says Other Law Firms Aided $1.2B Fraud By Turning Blind Eye to His Lies
(DBN)

Judge speeds transcript release in Fla. Ponzi case
(DBN)

Ex-Petters exec: 99% of orders were faked --- Petters investor denies knowing about fraud
(DBN)

SEC Sues SIPC, Seeks to Force Industry Insurer to Ante Up for R. Allen Stanford Customer Losses
(DBN)

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Awards:

Eckstein Named to List of Top Restructuring Lawyers of 2011 by Turnarounds & Workouts
(DBN)

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Museums:

Items at Chinqua Penn Plantation to be auctioned
(DBN)

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Protests:

What The 99% Really Need Is A Little Willpower
(DBN)

______________

Mail:

Who will deliver the US postal service from destruction?
(DBN)

Postal Service to delay cutbacks until mid-May
(DBN)

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Corporate Reform:

Graham: Consumer Bureau is Stalinistic
(DBN)

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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)

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Miscellaneous:

Credit Bidding, RoomStore, MF Global, Dynegy: Bankruptcy
(DBN)

Battersea Station, Japan Air, Australian Care Homes
(DBN)

Rochelle on Credit Bids, Post-Dispatch, 3d Party Releases
(DBN)

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Bankruptcy Statistics:

What the Great Depression Did That This Recession Won't
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

Supreme Court To Weigh In On Credit-Bidding In Bankruptcy
(DBN)

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Automatic Stay:

Do As I Say AND As I Do: The Tenth Circuit Reverses Its Long-Standing Holding That the Automatic Stay Does Not Apply to Appeals Initiated by a Debtor
(DBN)

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Plan Confirmation:

A Lesson On Good Faith Artificial Impairment
(DBN)

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DIP Finance:

Summit Investment Provides New Capital to Suncoast Furniture
(DBN)

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Insurance:

Morgan Stanley settles with MBIA, sets $1.8 billion charge --- MBIA Credit-Default Swaps Drop on Settlement
(DBN)

Appeals court tosses JP Morgan lawsuit against insurers
(DBN)

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Lehman:

Lehman Brothers Asia to Pay $1.5 Billion in Dividends to Creditors in 2012
(DBN)

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Gambling:

Las Vegas-based casino company emerges from bankruptcy
(DBN)

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Politics:

Fact check: Crossroads GPS ads against Warren, Nelson
(DBN)

Gingrich Leads Romney But Support for Both is Tepid
(DBN)

Why Republicans trust Gingrich but not Romney
(DBN)

______________

Forest Products

Sino-Forest faces debt deadline
(DBN)

______________

Hotels:

Hotel Lenders Avoid Foreclosures as $17.5 Billion in Loans Loom
(DBN)

______________

Baseball:

Fox Sports Files Appeal Seeking to Block Sale of Dodgers
(DBN)

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Hedge Funds:

The Hedge Funds That Will Own Wall Street Next Year
(DBN)

______________

Trucking:

Ex-Arrow Trucking executive Joseph Mowry dead at 45
(DBN)

______________

EU:

Euro falls to lowest level since January on Merkel
(DBN)

Europe Using US as Model to Fix Debt Crisis: Bove
(DBN)

S&P says more bonds at downgrade risk on euro zone crisis
(DBN)

Silent Fed Has Euro Suffering More
(DBN)

Pondering a Dire Day : Leaving the Euro
(DBN)

Stop Europe’s Crisis by Saying No to Bank Borrowing
(DBN)

S&P: Euro Zone May Need Another Shock
(DBN)

Is The UK Missing The Boat, Or Avoiding the Iceberg?
(DBN)

A totally unexpected way the Euro crisis could slam US GDP
(DBN)

EU banks are selling their "crown jewels"
(DBN)

Economist Reveals Europe's Most Important Deficit
(DBN)

Europe's Austerity Zeal Risks Killing the Patient
(DBN)

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PIIGS:

IMF's Thomsen Says Greece Falling Short on Structural Reforms --- Huge Gap Of €6.9B In Jan-Nov Budget Execution
(DBN)

IMF: Greece can't tax its people any further
(DBN)

IMF Says Greeks Taxed-Out, but 150,000 Will Lose Their Jobs
(DBN)

No end to Greek bourse drop as investors’ worries increase
(DBN)

Greece's Pain Shows Flaws Of EU Summit Plan
(DBN)

Greece Apparently Even Worse Off Than Realized, Hitting Euro, Stocks
(DBN)

'Haircut' dispute risks delaying Greek rescue
(DBN)

Banks seek official creditor status for new Greek bonds --- Greece Said Aiming to Give Private Lenders Seniority in Talks
(DBN)

Italy Bond Yields Hit New High; Germany's Near Zero
(DBN)

Euro: How Low Can It Go?
(DBN)

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China:

China Is Melting Down Again
(DBN)

______________

MENA:

UAE's bankruptcy laws : unworkable
(DBN)

Personal bankruptcy laws key to entrepreneurship
(DBN)

______________

Australia:

Insolvency overhaul set to be announced: report
(DBN)

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Copyright 2011