December 15, 2011

The Daily Bankruptcy News

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Law:

MF Global's Giddens: member of small trustees club
(DBN)

Federal judge leaves Heller litigation in bankruptcy court
(DBN)

Much Ado About Mergers, But Closures Also A Part of 2011
(DBN)

In Chevron Dispute, Patton Boggs Accuses Gibson Lawyers of 'Vexatious Threats'
(DBN)

Greek Creditor Committee Said Near Hiring Blackstone, Law Firms ‎
(DBN)

Bonus Watch: Akin Gump Matches in New York, But Won’t Really Get Into This Thing Until January --- Clifford Chance and Covington Play the Match Game
(DBN)

Star bankruptcy lawyer Derrick Tay switches teams
(DBN)

Gilbert + Tobin hires leading restructuring partner in Sydney
(DBN)

Obama Expected to Sign Bill Allowing Indefinite Detention
(DBN)

Law Firms Are Doing Away with Billable Hour for Lobbyist Lawyers
(DBN)

Fees for Securities Class Action Lawyers Plummet
(DBN)

Sherman & Sterling Names New Bankruptcy Partner (scroll down)
(DBN)

Shearman & Sterling favors London in promos round
(DBN)

Ex-Associate Who Once Made $180K Securitizing Mortgages Is Arrested in Occupy Demonstration
(DBN)

What's the Look of the Season? Betty Ford, Vamp or Katy Perry?
(DBN)

Not thinking of you this holiday season
(DBN)

Specter Salutes Justice Dept, Slams Republicans
(DBN)

Lawyer Tackles Theft Suspect, Holds Him for an ‘Awkward’ 20 Minutes
(DBN)

Morgan Stanley, Credit Suisse, Citigroup, BP, Microsoft in Court News
(DBN)

UBS, Ally Financial, BNY Mellon, Synthes, Iceland, Kluger in Court News
(DBN)

Lawyer pleads guilty to $37 mln trading scheme --- Kluger Admits Stealing Law-Firm M&A Secrets
(DBN)

Insider Trading at Law Firms: More than just story of corrupt individuals
(DBN)

November Lawyer of the Month
(DBN)

University of Chicago Law School Posts ‘Treasure Trove’ of Job Stats
(DBN)

Texas Turmoil, Redux --- UT Dean's Ouster Raises Questions About Foundation
(DBN)

Students Respond to Law School Scandal
(DBN)

Don’t Defend Your Law School Until You’re Earning Three Times Its Yearly Tuition
(DBN)

Under Siege, Penn State Law Still Has to Try to Raise Money
(DBN)

Disgruntled Law School Graduates: Will You Ring in the New Year By Suing Your School?
(DBN)

The University of Chicago Law School Offers Detailed Employment Data; Will Other Schools Follow Suit?
(DBN)

LST Requests Class of 2010 Employment Information From Law Schools
(DBN)

Use Cliches Like a Lawyer
(DBN)

Dr. Conrad Murray Asks for Appointed Counsel, Saying He Is Indigent
(DBN)

Man Arrested on 36-Year-Old Child Support Warrant
(DBN)

Inebriated Mom Has 12-Year-Old Son Drive Home
(DBN)

Police Search for Malicious 'Santa'
(DBN)

______________

Judges:

N.Y. budget cuts having "profound" effect on court system
(DBN)

Campaign cash finds its way to the courtroom
(DBN)

Aspiring judges should get to know politicians, and prepare to read ... a lot
(DBN)

Judge Removed from Asbestos Docket Over Campaign Contributions --- Lawyers' donations set off controversy --- Judge to give back contributions --- US Chamber Statement
(DBN)

Defendant Seeks New Trial over Facebook Friendships of Judge’s Kids
(DBN)

Former U.S. AG: Kagan, Thomas should hear health care case
(DBN)

______________

Courts:

Mobile PACER Case Locator Debuts
(DBN)

______________

Wall Street:

Stock index futures signal early rebound
(DBN)

European Stocks Rebound From Two-Week Low
(DBN)

US stocks follow Europe lower as euro currency loses value
(DBN)

Sandler Chops Its Estimates for Goldman, Morgan Stanley
(DBN)

______________

Layoffs:

There's A Pretty Clear Reason America Lacks Innovation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mass Torts:

Engineering experts hit safety culture in BP spill
(DBN)

______________

Corporate Governance:

Corporate Officers Held Not Entitled to Business Judgment Rule Protection Under California Law
(DBN)

Court Says Business Judgment Rule Does Not Apply To Officers
(DBN)

______________

Retailing:

Syms Seeks Examiner to Probe Management Before Bankruptcy
(DBN)

Every Monday since Thanksgiving a blockbuster for retailers, ComScore says
(DBN)

Holiday Retail Online Spending Rises 15 Percent to $26.8 Billion
(DBN)

Holiday retail sales look brighter than before
(DBN)

Holiday Sales Appear to Stall
(DBN)

Nebraska Book extends bankruptcy deadlines
(DBN)

______________

Politics:

The Forgotten Leading Actor in the American Dream Story
(DBN)

The 11 Craziest Ideas Newt Gingrich Has Ever Had
(DBN)

Romney's Bain Capital Record Shows Mixed Record On Bankruptcies
(DBN)

How Mitt Romney Actually Made All His Money
(DBN)

Ron Paul’s inaccurate definition of ‘bankruptcy’
(DBN)

______________

IP:

Best Chicago buys Moo & Oink brand in auction
(DBN)

______________

Municipalities:

The scandal of the Alabama poor cut off from water
(DBN)

Judge may rule soon on bankruptcy for large Alabama county
(DBN)

Are the Feds Giving Up on Detroit?
(DBN)

Harrisburg City Council majority: Receiver's call for more concessions from creditors "vindicates" its position
(DBN)

Q&A with Harrisburg receiver David Unkovic
(DBN)

Banks Cash In On Whitney's Muni-Default Scare
(DBN)

Port Authority toll collectors cash in
(DBN)

Town Of Gurley Could Be Days Away From Bankruptcy
(DBN)

______________

Lehman:

Court Approves Neuberger Berman Acquisition of Lehman Brothers Holdings' Remaining Equity Interest
(DBN)

Lehman to Issue 'Trust' Stock to Creditor Representatives
(DBN)

______________

Autos:

Auto Loan Delinquencies Fall
(DBN)

Saab administrator to quit amid disagreement
(DBN)

______________

Celebs:

After Beso Bankruptcy, Longoria to Produce TV Legal Drama
(DBN)

Courtney Love being evicted
(DBN)

______________

Energy:

Dynegy Unit Settles Bankruptcy Dispute With Public Service Enterprise
(DBN)

Knoxville coal company files bankruptcy ; attracts Chinese investors
(DBN)

______________

Apparel:

Former Baby Phat Licensee Files for Bankruptcy Protection
(DBN)

______________

Economy:

US economic growth seen brighter into 2012
(DBN)

Bernanke to discuss European financial crisis with Republican senators --- Signals Europe Risk Keeps Fed Ready to Ease Further
(DBN)

Fed Battling Forces Beyond Its Control
(DBN)

CEOs see slow, uneven recovery
(DBN)

Business Inventories rose in October
(DBN)

Economic Slump Won't End Until 2031
(DBN)

Brokaw: Greed and Excess Lead to Recession
(DBN)

Enough Money for Retirement? Even the Rich Say No
(DBN)

Senate defeats rival balanced-budget amendments
(DBN)

The Government Could Shut Down As Soon As Friday, And It May Be Democrats' Fault This Time
(DBN)

Congress' Year End Gamesmanship
(DBN)

Rewarding Henry Paulson's Ethical Failures
(DBN)

Economy: The Man Who Speaks the Truth
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

How Many Excess Vacant Houses Are There In America?
(DBN)

Limited household formation threatens mortgage market
(DBN)

Ex-Cuomo Aide Said to Be Among 4 Foreclosure-Monitor Candidates
(DBN)

Freddie Tells Servicers To Participate In Hardest Hit Fund
(DBN)

Current Mortgage Rates Approach Record Lows
(DBN)

How Does The Dodd-Frank Act Impact The Appraisal Process?
(DBN)

Foreign homebuyers clicking on depressed US housing markets
(DBN)

McMansions In This Market? Buyers Say "No Thanks"
(DBN)

SoCal home sales rise on declining prices
(DBN)

Mortgage activity in Colorado slowing down
(DBN)

Maronda Homes emerges from bankruptcy
(DBN)

California ranks No. 1 for mortgage fraud
(DBN)

Mortgage Bonds Rally as Fed Backstop Seen in QE3
(DBN)

First Private Construction Rise in 6 Years
(DBN)

ALC Taking the Laser to Lease Expenses Thru Ch. 11
(DBN)

Linda Mastro appeals decision on diamond rings
(DBN)

_____________

Alternative Energy:

Solyndra Gets Grand Jury Subpoena
(DBN)

First Solar cuts 2011 forecast, sees weak 2012 --- The Jim Chanos presentation that nailed the collapse of First Solar --- Abandons ‘Holy Grail’ Technology That Sank Solyndra
(DBN)

Solar manufacturer deathwatch: Solon files for insolvency --- Solon insolvency proceeding not affecting Arizona subsidiary
(DBN)

______________

Fraud:

Before Ponzi fall, Rothstein emails crow success
(DBN)

Lawsuit details why Rothstein investors are pursuing Ted Morse
(DBN)

Olympus reveals $1 billion balance sheet hit
(DBN)

Ex-HomeGold executive Sheppard OKd for SC parole
(DBN)

Freddie: Low Mortgage Rates to Hang Around Next Year
(DBN)

Madoff trustee sues C. Suisse, Baer and Falcon
(DBN)

Madoff's case bigger, but Stanford's messier
(DBN)

Senate Panel Votes To Limit Congress Members' Trading --- Bill advances despite some GOP opposition
(DBN)

Hedge Fund Abuses Hurt All Investors
(DBN)

Ponzi Scheme Tax Advice
(DBN)

Samex Capital's Hauke to Plead Guilty to Running $7 Million Ponzi
(DBN)

Nadel's Ponzi Receiver Announces Settlement With Goldman Sachs
(DBN)

5 questions to escape the next Madoff
(DBN)

Legal battle looms over coverage for Stanford “victims”
(DBN)

Sino-Forest shareholders face wipeout
(DBN)

______________

MF Global:

Regulators know what happened to MF Global funds --- MF Global $1.2B found! Unless it isn’t
(DBN)

The MF Global Investigation Has Boiled Down To Just One Question
(DBN)

Judge approves cash for MF Global bankruptcy
(DBN)

Minn. farmer tells of losses in MF Global failure
(DBN)

How Goldman Envy Destroyed MF Global
(DBN)

Here’s One Big Thing MF and Corzine Got Right
(DBN)

Why Jon Corzine Is as Lost as He Seems
(DBN)

CME chair challenges Corzine on missing money --- CME Group plays old-school Chicago politics
(DBN)

MF Global puts harsh light on self-regulation
(DBN)

Corzine to face questions about regulator contacts --- NY Fed Didn't Give Corzine Preferential Treatment, Baxter Says --- A persistent MF Global won NY Fed dealer status
(DBN)

MF Global a concern of NY Fed since 2009
(DBN)

MF Global's Top Risk Manager Wasn't Allowed To Manage That Much Risk
(DBN)

MF Global Hong Kong to return HK$500 mln of client money
(DBN)

______________

Hotels:

Marriott Fights Hawaii Takeover
(DBN)

______________

Protests:

Throng of Occupy protesters appear in NY courts
(DBN)

Judge rules that Occupy Movement protesters are common trespassers
(DBN)

Issa Investigates What White House Knows about ' Occupy DC'
(DBN)

Occupy Wall Street's center shows some cracks
(DBN)

Houston --- Nashville --- Tulsa --- OKC --- Chicago --- Denver --- Rochester --- Columbia --- Fresno --- Vancouver --- Oakland --- Portland
(DBN)

My 37 hours with the NYPD
(DBN)

'The Protester' is Time's person of year
(DBN)

99er Champions
(DBN)

Goldman Says Class Dismissed as Occupy Mars Recruiting
(DBN)

______________

Shipping:

Dropping anchor
(DBN)

______________

Health Care:

Head of Peninsula Hospital charts out road to recovery out of bankruptcy
(DBN)

St. Francis opposes sale of Hawaii Medical Center
(DBN)

______________

Trucking:

Ex-CEO of Arrow settles with bank
(DBN)

______________

Tax:

European Banks Stop Serving American Customers
(DBN)

______________

Telecoms:

A Tale of Two Bankruptcies: Colorado Court Rejects and New York Court Upholds Validity of Security Interests Associated with FCC Licenses
(DBN)

Nortel Obtains Further Extension of Stay Period Under CCAA
(DBN)

______________

Forest Products:

Sino-Forest's debt games are bad for creditors
(DBN)

______________

Food/Beverage:

A&P, noteholders settle, removing plan impediment
(DBN)

______________

New Bankruptcy Opinions
(No 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:

MF Global, A&P, Dodgers, Seahawk, Syms, NewPage: Bankruptcy
(DBN)

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

Rochelle on WaMu Settlement, Dynegy, A&P Bankruptcies
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

CRT Capital Builds Bankruptcy Trade Claims Business With Key Hires
(DBN)

______________

Insurance:

Rakoff ripples: NY court says SEC boilerplate no defense --- Insurers Spared From Covering SEC Settlement
(DBN)

D&O Insurance: "Disgorgement" Paid in SEC Settlement Held Not Covered
(DBN)

______________

Sales:

High Court Spotlight on Right to 'Credit Bid'
(DBN)

Will Secured Creditors’ Right to Credit Bid be a ‘Cert’ain Thing? Supreme Court Grants Certiorari to Resolve Circuit Split
(DBN)

______________

Banking:

Ex-IndyMac Chief Executive Michael Perry Must Face $600 Million FDIC Suit
(DBN)

A Word To The Unwise
(DBN)

Too Big to Stop: Why Big Banks Keep Getting Away With Breaking the Law
(DBN)

2011 Bank Failures Decline For First Time In Three Years
(DBN)

______________

Corporate Reform:

Court’s rejection of Citigroup settlement raises questions for both SEC and defendants
(DBN)

SEC looking to appeal blocked Citigroup settlement: report
(DBN)

In Hunt for Securities Fraud, a Timid S.E.C. Misses the Big Game
(DBN)

______________

DIP Finance:

Republic Business Credit Closes $4MM DIP for Staffing Company
(DBN)

______________

Recharacterization:

In re Lothian Oil Inc.: Non-Insider Debt Claims May Be Recharacterized as Equity Under Section 501(b)(1)
(DBN)

______________

Aviation:

Harvey Miller on AMR Restructuring Outlook
(DBN)

AMR's Luxury London Townhouse May Go in Airline Bankruptcy Sale --- $30 million town house --- Union outrage --- Flight attendants union doesn't approve
(DBN)

If American Airlines unions objected to executive pay before, just wait
(DBN)

Delta Sees More Airline Consolidation as AMR’s Bankruptcy Helps Cut Seats
(DBN)

AMR Pension Will Change, Bankruptcy
(DBN)

Boyd Group takes a look at the causes behind the AMR/American Airlines bankruptcy filing
(DBN)

What Does American Airlines' Bankruptcy Have To Do With My Divorce?
(DBN)

No coal in this CEO's stocking
(DBN)

American Airlines cuts flights at O'Hare
(DBN)

American Eagle halts pilot hiring in bankruptcy
(DBN)

F.A.A. Approves iPads During Takeoff and Landing, but Not for Passengers
(DBN - NY Times - Paywall Limit Possible)

______________

Television:

Judge allows creditors to sue in Roberts bankruptcy
(DBN)

______________

Cross-Border:

Navigation Provides Further Test of a Foreign Debtor's Access to the Protection of the US Bankruptcy Courts
(DBN)

______________

Sovereigns:

10 Countries Who Have Been Getting Crushed In The Latest Gold Collapse
(DBN)

______________

UK:

UK Unemployment Increases to 2.64 Million
(DBN)

UK Retail Sales Dip More Than Expected
(DBN)

Begbies rues drag from low interest rates ---Revenue down but profits up --- Double-dip recession 'likely', says Begbies boss
(DBN)

Insolvency Trade Body comments on retail figures
(DBN)

Lawyers mull Goodwin case over RBS accounting
(DBN)

Football insolvency judgment due before Christmas
(DBN)

England footballer facing bankruptcy battle
(DBN)

Appointment of Administrators - 14 December 2011
(DBN)

______________

EU:

Stocks, euro slide as worries about Europe persist
(DBN)

Euro-Zone Business Activity Falls Further
(DBN)

ECB Says Downside Risks To Economic Outlook Confirmed
(DBN)

Eurozone crisis 'poses military risk'
(DBN)

Eurozone PMI Index Improves Yet Recession Inevitable
(DBN)

John Paulson: This is how you save Europe
(DBN)

Why Everyone Thinks France Is Going To Lose Its AAA
(DBN)

A Breakup Letter From A British Fund Manager To Europe
(DBN)

Year of stagnation awaits eurozone
(DBN)

Euro-Area Manufacturing, Services Contract for Fourth Month
(DBN)

Fitch dings Euro banks
(DBN)

Ben: Euron Eurown
(DBN)

______________

PIIGS:

IMF Team to Meet Italian Officials, Review Budget Next Week
(DBN)

Italy Industry Min Says Italy In Recession
(DBN)

Italy risks social explosion over austerity
(DBN)

2011 Greek Budget Deficit Seen At Around 10% Of GDP
(DBN)

More Greek sell-offs planned
(DBN)

IMF's Thomsen Says Greece Must Address Firing 'Taboo' --- Calls for public sector layoffs
(DBN)

Debt swap deal by first days of Jan says Greek FinMin official
(DBN)

Greece: The Incredible Shrinking Country
(DBN)

Barclays: IMF suggests "increasingly likely" Greek bankruptcy
(DBN)

IMF Green Lights A New 3. 9 Billion Bailout To Ireland
(DBN)

______________

Germany:

Solon Drops; First Insolvency by German Listed Solar Company
(DBN)

Solon Insolvency Costs Germany, States EU146 Million, FTD Says
(DBN)

German solar firms go from boom to bust
(DBN)

______________

New Zealand:

Lawyer aids ailing vineyard owner
(DBN)

Who is Vinay Deobhakta?
(DBN)

______________

Australia:

Insolvency reform to tackle phoenix firms
(DBN)

______________

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Copyright 2011