December 16, 2011

The Daily Bankruptcy News

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Law:

Calif. bankruptcy judge mocks Wiley Rein's earthquake bill
(DBN)

Robert Half Legal Survey Reveals One in Three Lawyers Plans to Add Staff in First Quarter
(DBN)

Lawyer, Poet, Salesman --- A Tale of Two Law Firms
(DBN)

Five Lessons from the Deals of 2011
(DBN)

Bonus Watch: Gibson Dunn Does Its Thing
(DBN)

What Do Cravath Partners Say About The Bonuses To Other Biglaw Partners When They Think
(DBN)

London and New York Beware: Here Comes King & Wood Mallesons --- King & Wood Mallesons to operate three-strand partnership post merger --- "Game-changing combination'
(DBN)

Lawyer for Hedge Fund Manager Objects to ‘Obnoxious, Deliberate Use’ of Nickname in Depo
(DBN)

Meet James Koutoulas, The Man Who Never Wanted To Be A Lawyer But Now Fights For 8,000 MF Global Customers
(DBN)

Minneapolis lawyer should be disbarred for 'Catholic-bashing,' in bankruptcy case group says
(DBN)

Ashurst in Christmas Party Pole Dancer Shock
(DBN)

Second Circuit Weighs Closed Courtrooms
(DBN)

Bill allows indefinite detention without trial --- Obama 'demanded law apply to U.S. citizens'
(DBN)

The Potentials and Perils of a Virtual Law Practice
(DBN)

Dancing in the Cloud
(DBN)

The Google-Powered Law Office
(DBN)

Tips for Networking During the Holidays
(DBN)

In-House: Inflating Your Own Outside Legal Spend
(DBN)

Salans beefs up in Paris with restructuring bolt-on
(DBN)

UK: Number of solicitors hits all-time high
(DBN)

Citigroup, Chevron, Ex-Cuomo Aide, JPMorgan, Knauf, Pfizer in Court News
(DBN)

Thoroughbreds, UBS, Ally, IndyMac, BNY in Court News
(DBN)

Law Dean Considers Law School ROI, Says Grads Should Earn 6 Times Tuition for Good Financial Outlook
(DBN)

Stop Reusing Your Old Exams, You LAZY Law School Professors!
(DBN)

Teaching Law --- Stanley Fish, Superstar
(DBN)

Smells Like Temp Spirit
(DBN)

Time for Another Law Firm Lawsuit-Palooza
(DBN)

Lawyer Finds Heli-Skiing Helps Him Thrive in and out of the Courtroom
(DBN)

Who Should Pay If A Bird P---s In Your Food?
(DBN)

Las Vegas Lawyers Ham It Up in Terrible Commercial
(DBN)

"I will not be using that line in the future!"
(DBN)

Accused Penn State Higher-Ups Face Perjury Hearing
(DBN)

Toy and Action Figure Museum to Open Exhibit with Lawyer Figurines
(DBN)

Lindsay Lohan’s Courtroom Catwalk: A Photo Essay
(DBN)

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Judges:

Justice Thomas Pays A Visit To Alma Mater He Belittled In Memoir
(DBN)

Good news, bad news for Texas in latest 'Hellhole' report --- Hellhole Report --- Ill. counties find themselves designated 'hellholes' --- Positives don't outweigh negatives in W.Va., report says --- Group has its eyes on Louisiana
(DBN)

Judge interfered by dismissing defense counsel, appeals court says
(DBN)

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Wall Street:

Stocks gear up for gains
(DBN)

World stocks rise as data shows US layoffs easing
(DBN)

Stocks Close Slightly Higher
(DBN)

Morgan Stanley to Eliminate About 1,600 Jobs as Revenue Declines
(DBN)

Don't Cry for Goldman Sachs, Despite 'Bad' Year and Partner Exits
(DBN)

Wall Street [Much] Worse Off than Legal Sector
(DBN)

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Layoffs:

Jobless claims at 3.5 year low --- Claims shoot back up in California
(DBN)

If you adjust for the labor participation rate, unemployment is over 11%
(DBN)

4 Charts That Show What That 366K Initial Claims Number Really Means
(DBN)

Congress Weighing Length of Jobless Benefits
(DBN)

CEOs: No Hiring Pickup for Next 6 Months
(DBN)

U.S. defense cuts could cost 1.5 million jobs
(DBN)

Wall Street Layoffs Continue, Morgan Stanley To Cut 1,600 Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Jefferson County Bankruptcy Case May Turn on Meaning of the Word ‘Bond’ --- Wall St. seeks dismissal of Ala. record bankruptcy
(DBN)

Jefferson County Judge May Seek Advice From Alabama High Court
(DBN)

Judge: Decision on Jefferson County still weeks away
(DBN)

Jefferson County Can't Afford Another Natural Disaster
(DBN)

'Third World' conditions in US city
(DBN)

Commission President Carrington says Jefferson County negotiated in good faith
(DBN)

Chafee asking for $2.6M for Central Falls pensions
(DBN)

McKenna Long & Aldridge LLP Municipal Recovery & Restructuring Group Providing Counsel to Commonwealth In Harrisburg Case
(DBN)

Million-Dollar Nurses Show California s Struggle to Cut Payroll
(DBN)

Mayors decry rise in poverty, homelessness
(DBN)

The Least Miserable Cities In America
(DBN)

______________

Shipping:

General Maritime Wins Court Approval of New Financing Terms With Oaktree
(DBN)

Trailer Bridge reorganization plan expected next week
(DBN)

______________

MF Global:

Corzine appears before third congressional committee --- Questions about regulator contacts
(DBN)

Watch The Super Tense Moment When Jon Corzine Was Served Papers During His Hearing Recess
(DBN)

Ringmasters at the Corzine circus
(DBN)

House Committee MF Global Hearing Spotlights Risk Officer, NY Fed GC
(DBN)

CME's Terry Duffy on Jon Corzine: He knew
(DBN)

Corzine refutes CME accusation on customer funds
(DBN)

Experts: Corzine avoided missteps in his testimony
(DBN)

Live Blog: House Panel Hearing on MF Global
(DBN - NY Times - Paywall Limit Possible)

Chilton denies CFTC knows where all MF Global money went --- All MF Global Customer Fund NOT Yet Accounted For
(DBN)

MF Global Told CME Group It Used Customer Funds, Timeline Shows
(DBN)

Jon Corzine denies knowledge of any European loan
(DBN)

The ABCs of Re-hypothecation
(DBN)

MF Global to finance bankruptcy out of collateral account
(DBN)

Jon Corzine's "Nien, Nien, Nien" Strategy
(DBN)

IFAs could pay US MF Global clients' claims, says FSCS
(DBN)

Here's Where Are We In The MF Global Marathon
(DBN)

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Commodities:

The Coming Commodities Bust
(DBN)

______________

Economy:

Jobless Claims in U.S. Unexpectedly Decline to Three-Year Low of 366,000
(DBN)

Half of All Americans Now Poor or Low Income
(DBN)

Fewer Americans See U.S. Divided Into "Haves," "Have Nots"
(DBN)

Congress Getting Failing Marks on Economy in Year of Gridlock
(DBN)

FedEx Profit Beats Estimates as Shipments Show Consumer Strength
(DBN)

Democrats abandoning millionaire surtax proposal
(DBN)

US factory output declined sharply in November --- Philadelphia-Area Manufacturing Increased to 10.3 in December
(DBN)

CFAs Say What They Think Will Happen In The Global Economy Next Year
(DBN)

Citi: These 6 Trends Should Make You A 'Raging Bull' On America
(DBN)

Moody's Analytics sees 2012 GDP growth of 2.6%
(DBN)

Company Cash Hoards Swell by 11%
(DBN)

Businesses Preparing for Higher Costs in 2012
(DBN)

Social Security: More Broken Than Thought
(DBN)

Roubini: Fragile and Unbalanced in 2012
(DBN)

Lagarde Warns of Return to Great Depression
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage rates fall to record lows
(DBN)

Foreclosure Activity Drops In November
(DBN)

Foreclosure Alert: New Wave Of Repossessions Is Coming
(DBN)

Why Shouldn't People Just Default?
(DBN)

Wells Fargo, Citi top Fannie list of mortgage servicers
(DBN)

Congress still dark on housing finance future
(DBN)

Lehman Matches Zell's $1.3 Billion Bid for Archstone Stake
(DBN)

Hovnanian Enterprises 4th-quarter Loss Narrows
(DBN)

Stability is in reach for US homebuilders: Fitch
(DBN)

Las Vegas's absurd real estate landscapes
(DBN)

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

Thornburg Trustee Renews $1.9B Attack On Big Banks
(DBN)

Mortgage Whistleblowers Courted by CFPB
(DBN)

_____________

Corporate Reform:

Bair proposes alternative to Volcker Rule
(DBN)

Proper Bank Reform Needs Owners to Be Liable
(DBN)

SEC Says Judge Rakoff Make ‘Legal Error’ in Citigroup Case
(DBN)

SEC settlements are as deterrent as "turning on the light in a kitchen full of roaches"
(DBN - NY Times - Paywall Limit Possible)

Dems See Political Edge in Fight Over CFPB Chief
(DBN)

The Complete Guide To Snitching
(DBN)

_____________

Retailing:

Retailers upgrade holiday spending outlook
(DBN)

Court Enters Order Restricting Trading in Stock or Options of Syms Corp.
(DBN)

Syms, creditors at odds over examiner --- Syms Seeks Probe Of Possible Mismanagement By Its Leaders
(DBN)

Anonymous donors are paying off strangers' layaway accounts
(DBN)

______________

Credit/Debit Cards:

Discover 4Q profit leaps 46 pct as card use rises
(DBN)

Moody's Sees Card Lending Growing In 2012
(DBN)

How Credit Collectors Have Reinvented the Debtors' Prison
(DBN)

______________

Aviation:

AMR's Eagle may furlough 223 Texas pilots and flight attendants
(DBN)

AMR CEO Says Jobs to Be Cut, Company May Be Takeover Target --- Warns 'opportunists' may attempt merger
(DBN)

AMR execs likely to get paid more in bankruptcy
(DBN)

AMR chairman Horton says American will 'undoubtedly' need fewer airplanes, people as it goes through bankruptcy
(DBN)

AMR Bankruptcy Upends (Family)Financial Planning
(DBN)

Fitch sees little airport traffic growth in 2012
(DBN)

Things You Can't Do on a Plane: Vol. 9
(DBN)

______________

Politics:

Ad bashing Warren is absurd
(DBN)

Fire Bernanke? Not So Fast, Mr. Gingrich
(DBN)

A Company Saved From Bankruptcy By Romney Was Just Named The Best Employer In America
(DBN)

Romney: Mixed record on bankruptcies
(DBN)

Romney Balanced Budget by Raising Fees
(DBN)

Is the government lying to us about the economy?
(DBN)

______________

Autos:

Ex-auto czar Rattner says U.S. taxpayers to lose $14 billion on GM, Chrysler rescues
(DBN)

A Satellite Tour Of Former US Auto Plants That Are Leading Second Lives
(DBN)

______________

Banking:

Do Layoffs at Morgan Stanley Mean a Bleak 2012 for Banks?
(DBN)

Fear of Failure: How Many Banks Will Go Bust in 2012?
(DBN)

Fitch Cuts Ratings on 8 Banks, Including BofA, Goldman --- A Major Reason Fitch Is Taking An Axe To Bank Ratings
(DBN)

What the Incredible Shrinking FDIC Means for Bankers
(DBN)

______________

Health Care:

The patient's wife sent "a letter to the bankruptcy trustee, offering to buy back her husband's heart. It was an asset of little worth in the bankruptcy, she told the trustee, but of great value to her family."
(DBN)

______________

Oil/Gas:

Delta Petroleum files for bankruptcy
(DBN)

______________

Resorts:

Dancing Bear has a buyer
(DBN)

______________

Trustees:

Former FBI Chief Freeh Trades on Fame at MF Global, Penn State
(DBN)

______________

Food/Beverage:

Owners of 54 Arby's filing for Chapter 11
(DBN)

Restaurant's Food So Spicy, Customers Must Sign Waiver Before Eating
(DBN)

______________

Agriculture:

The Sharks Smell A Bubble Right In The US Heartland
(DBN)

______________

Personal Finance:

More Young Adults on Parent's Insurance
(DBN)

______________

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)

______________

Miscellaneous:

Wilmer: 2011 Recap
(DBN)

______________

Bankruptcy Statistics:

Orlando-area bankruptcies on pace to dip for 1st time in 5 years
(DBN)

Bankruptcy drop continues in Minn.
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Lehman:

Lehman Claims Trades Exceed $2.3 Billion Before Plan Hearing
(DBN)

Lehman Sues Bank of America, Barclay To Halt Archstone Sale
(DBN)

______________

Plan Confirmation:

Section 1128(b)— Objections to Confirmation
(DBN)

______________

Ethics:

Professor Nancy Rapoport on Ethics in Bankruptcy
(DBN)

______________

Litigation:

House Judiciary Subcommittee: No Need to Act on EDD Costs
(DBN)

Strong Objections to the Magistrate Judge's Order in 'Pippins'
(DBN)

______________

Energy:

Dynegy reaches $117.5M settlement over bankruptcy for 2 Newburgh power plants
(DBN)

______________

Baseball:

Fox seeks stay of 'legally unprecedented' TV-sale order
(DBN)

Dodgers ask court to rule out financial damages to Fox
(DBN)

Dodgers Judge Explains Decision Allowing TV Rights Sale
(DBN)

Los Angeles Dodgers Statement with Regards to its Telecast Rights and Fox
(DBN)

______________

Fraud:

Hey Hedge Funders, Here's How The SEC Is Checking You Out For Fraud Now
(DBN)

What Scott Rothstein is not saying
(DBN)

Allen Stanford ‘Not Credible’ on Amnesia Claim
(DBN)

Financial Crimes Up 47% Since '08 Crisis: FBI
(DBN)

Ex-Primary Global Executive Fleishman Seeks Home Detention
(DBN)

Tough Sentence Sought in 'Expert Network' Case
(DBN)

Best Practices to Prevent Employee Fraud in a Recession
(DBN)

Ex-Madoff employee to admit guilt for role in fraud
(DBN)

SEC Says Dad & Son Ran $200M Ponzi
(DBN)

______________

Insurance:

Liquidation of Minnesota-Based Insurance and Trust Company Underway
(DBN)

______________

Compensation:

Huge increase in executive pay for America's top bosses
(DBN)

7 Of The Most Outrageous Severance Packages In Recent Wall Street History
(DBN)

______________

Debt Collection:

FDCPA Lawsuits Near 11,000 Year-To-Date
(DBN)

______________

Television:

Judge rules for creditors of Roberts Broadcasting
(DBN)

______________

Sovereigns:

Ackermann Says Investors Need Security to Buy Sovereign Debt
(DBN)

30 Most Corrupt Countries in the World
(DBN)

______________

UK:

Top ten bankruptcy spots revealed
(DBN)

U.K. Unemployment Hits 17-Year High
(DBN)

Northern Rock delivers profit to taxpayer
(DBN)

Many retailers to hit wall in new year
(DBN)

French leaders launch outspoken public attacks on Britain
(DBN)

______________

EU:

Euro Zone Deal: Now We Have Second Thoughts
(DBN - NY Times - Paywall Limit Possible)

The Pitfalls of the Merkozy Fiscal Pact
(DBN)

This Might Be The Most Exciting Chart In All Of Europe Right Now
(DBN)

Hungary, Czech Republic in No Rush to Commit to EU Treaty
(DBN)

Austrian Banks Facing Payback as Hungary Debt Slaves Revolt
(DBN)

Europe's Banks Retreat From the East
(DBN)

Banks resist pressure to buy eurozone debt
(DBN)

Europe's troubled banks face a growing squeeze
(DBN)

Berlin Remains Stoic in the Face of Growing Crisis
(DBN)

______________

PIIGS:

Italy's government calls confidence vote on austerity measures
(DBN)

Greek Debt Relief Talks Face Hurdle of Demands, Ackermann Says
(DBN)

Greeks fear bankruptcy as government support slips
(DBN)

Spain looks safer than Italy as borrowing costs fall
(DBN)

People are Throwing Money at Spain—What’s Going On?
(DBN)

Standard & Poor's Cuts Credit Ratings Of Ten Spanish Banks
(DBN)

Portuguese Politician: 'We Have An Atomic Bomb That We Can Use In The Face Of The Germans And The French'
(DBN)

Irish Economy Shrinks 1.9% -- Has Its Worst Quarter Since Q1 2009
(DBN)

______________

Germany:

German Solar Industry Faces Bankruptcy
(DBN)

Plans to rescue Solon failed
(DBN)

______________

Australia:

Australia Home Strains
(DBN)

______________

Kazakhstan:

BTA Bank Said to Pitch Debt Restructuring Proposal by Year-End
(DBN)

______________

Hong Kong:

HK bankruptcy petitions rise 14.6 pct in Nov vs Oct
(DBN)

______________

Japan:

Japan's Financial Regulators Sanction Citi Japan For 3rd Time
(DBN)

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Copyright 2011