December 19, 2011

The Daily Bankruptcy News

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Law:

Bankruptcy Judge Pokes Fun at East Coast Earthquake Response
(DBN)

Over Trustee's Objections, Former Howrey Bankruptcy Counsel to Get Paid in Full
(DBN)

Bonus Watch: Sidley’s Bonus Match Draws Yawns From Associates
(DBN)

Litigation Financing Becoming a Useful Tool for In-House Counsel
(DBN)

Lawyer loses challenge to lifetime SEC ban
(DBN)

Ninth Circuit Judges En Banc Slam Lawyer for the 'Toughest Sheriff'
(DBN)

Lawyer Who Stashed $1M in Safes Is Sentenced; He Tells of 'Abyss of Ruination'
(DBN)

Freddie Mac, Fannie Mae, Barclays, BP, CDR, UBS in Court News
(DBN)

Citigroup, Chevron, JPMorgan, BoA, BP, Knauf in Court News
(DBN)

From Biglaw to Boutique: Come On Along, or Go Alone
(DBN)

Pls Hndle Thx: Career Disservices
(DBN)

Law Schools: The Price to Play Its Way
(DBN)

Law School: A Den of Thieves
(DBN)

What legal education could be; what law school is
(DBN)

Law School Transparency hopes the second time's the charm on data
(DBN)

U of Chicago Law Goes Open Kimono with Employment Data
(DBN)

Bankruptcy lawyer Timothy Nixon entertains grads, families with commencement address
(DBN)

Being tormented online? Federal judge Roger Titus says not to look
(DBN)

Thief Falls 2 Stories Trying To Steal Copper From School Roof, Crawls Away On Broken Legs
(DBN)

Judges Still Not Amused by Identical-Twin Hijinks
(DBN)

Lawyer trades appellate briefs and commercial litigation for running a park for food trucks that feature everything from vegan entrees to Korean barbecue
(DBN)

Sandusky Lawyer Defies Convention, Defends Himself --- The Wisdom of Sandusky’s Strategy
(DBN)

Bonds Faces 30 Days . . . in Prison of Awesome!
(DBN)

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Judges:

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

If You Are a Judge, Do Your Facebook Friends Matter?
(DBN)

Newt Gingrich says he'd defy Supreme Court rulings he opposed --- Gingrich’s assault on ‘activist judges’ draws criticism, even from right --- Gingrich: Would Arrest Judges With Capitol Police Or U.S. Marshals
(DBN)

New book gives behind-the-scenes look at colorful high court
(DBN)

Former Texas Judge Charged With Taking Bribes in $40 Million Refinancing
(DBN)

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Wall Street:

Signs Point To Major Stock Market Rally
(DBN)

Markets May Play Jilted Lover in Euro Zone Drama
(DBN)

Stocks Sputter After Warnings on Europe
(DBN)

Time short for S&P to end 2011 higher
(DBN)

______________

Layoffs:

As Wars End, Young Veterans Return to Scant Jobs
(DBN)

Calif unemployment rate drops to 11.3 percent
(DBN)

In a Sign of Labor Recovery, More Workers Are Quitting
(DBN)

Even The Hardest-Hit Housing Market In America Is Seeing Unemployment Improving
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

MF Global:

CME Group cuts charitable giving , citing MF Global --- CME big wigs sue Corzine, MF officers
(DBN)

MF Global : Who Knew What, and When?
(DBN)

MF Global: Many Steps Before Money Can Be Returned To Customers
(DBN)

New Jersey residents join fight for MF Global customer cash
(DBN)

MF Global fiasco makes case for better client protection
(DBN)

MF Global execs seek distance on missing money --- Corzine's best defense is an offensive rule
(DBN)

MF Global's cost to farmers appears large
(DBN)

MF Global Collapse Reveals Systemic Risk
(DBN)

Barofsky on Fraud at MF Global , Corzine
(DBN)

MF Global’s U.K. Administrator KPMG Says It Knows Where Clients’ Money Is --- Still no clarity on funds gone from MF Global
(DBN)

MF 'broke the rules'
(DBN)

Lessons from MF Global
(DBN)

Prelude to a Collapse: MF Global Before Jon Corzine
(DBN)

MF Global probe still work in progress says CFTC
(DBN)

Jon Corzine's lucky suit isn't working so well for him
(DBN)

Did MF Global clients forget Lehman's lessons?
(DBN)

Rehypothecation Is An Old Story: MF Global's Is a Different Story
(DBN)

______________

Small Business:

Small Business Loans Fall to 12 Year Low
(DBN)

______________

Tax:

The Poor Pay The Highest Marginal Rates In The Country
(DBN)

______________

Autos:

Rattner Says UAW Wages Should Have Been Cut During Bailouts
(DBN)

'Old GM' buried with bad assets of '09 bankruptcy
(DBN)

GM 'won't support' new plans to save Saab
(DBN)

Ex-auto czar: Obama bailout will cost taxpayers $14 billion
(DBN)

Automaker Saab files for bankruptcy in Sweden --- Files after GM blocked financing deals
(DBN)

______________

Politics:

Dems put all their eggs in Warren basket
(DBN)

Rick Perry Has Already Retired to Boost Pension Pay --- Branded Just Another Pension Hypocrite
(DBN)

Buyout Profits Keep Flowing to Romney
(DBN)

Republican Debate: ‘Grotesquely Dictatorial’ Courts
(DBN)

______________

Baseball:

Arguments set in Dodgers bankruptcy appeal by Fox --- Appeal to be heard quickly
(DBN)

Could McCourt Keep The Dodgers? --- Why Frank McCourt won't renege on selling the Dodgers
(DBN)

Judge Sets Stage For $4 Billion TV Deal For Dodgers
(DBN)

______________

Religion:

Crystal Cathedral sale to diocese a milestone; some see a miracle
(DBN)

______________

Corporate Governance:

FDIC v. IndyMac judge: Bus. judgment rule doesn't protect CEOs
(DBN)

______________

Banking:

Fed's Fisher: Big Banks Hold too Much Power
(DBN)

A Closer Look at the WaMu FDIC Settlement
(DBN)

Bank Layoffs Far From Over: Dick Bove
(DBN)

Banks Should Reveal 'Full' Details of Capital, Basel Group Says
(DBN)

Western National Bank of Phoenix, AZ, Closed By Regulators
(DBN)

Premier Community Bank of the Emerald Coast Closed By Regulators
(DBN)

FDIC Bank Closures
(DBN)

______________

Economy:

Economists And Analysts Have No Idea What Is Going To Happen Next Year
(DBN)

Well, It Sure Seems Like Keynes Was Right
(DBN)

House OKs $1T budget bill eliminating White House 'czars' --- Highlights of $1 Trillion Spending Bill
(DBN)

House Republicans Balk At Senate Payroll Tax Cut Deal --- Payroll-Tax Cut in Limbo
(DBN)

Payroll tax-cut extension adds $17 a month to typical mortgage --- Throw The Bums Out --- Really? A Two Month Extension for Tax Cut?
(DBN)

In About Face, Boehner Opposes Deal On Payroll Tax
(DBN)

Robbing Peter to Pay Paul: US Economy Edition
(DBN)

Even the Roman empire wasn't as unequal as America today
(DBN)

Inside the 1%
(DBN)

A Simple Explanation Of How Inequality Has Made The Great Recession So Much Worse
(DBN)

50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe
(DBN)

Interest Rates: 1831-2011
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

SEC sues former Fannie Mae, Freddie Mac execs --- Subprime slime --- Suit Is About False Statements, Fraud
(DBN)

Taxpayers Paying to Defend ex-Fannie, Freddie Executives from SEC
(DBN)

A Look at Freddie Mac’s Housing Predictions for 2012, and a Review of 2011 Predictions
(DBN)

Attitudes Of Young Bode Ill For Housing Recovery
(DBN)

Investors target JPMorgan over $95 billion of RMBS
(DBN)

Darrell Issa: Four lawmakers got Countrywide VIP loans
(DBN)

William Lyon Homes files for pre-packaged bankruptcy
(DBN)

Nevada AG sues LPS, alleging mishandled mortgage documentation
(DBN)

Pending CFPB rule could lead to flood of foreclosure challenges
(DBN)

OCC Offers Guidance On Foreclosed Properties
(DBN)

How Speculators Fed US Housing Bubble
(DBN)

FHFA vs. Chicago: Everyone Loses
(DBN)

Parole board revokes ex-HomeGold exec's release
(DBN)

BofAML: FHA probably won't require bailout
(DBN)

This Woman Re-Occupied Her Foreclosure After Getting Evicted 11 Months Ago
(DBN)

Bankruptcy fight breaks out over North Las Vegas land auction
(DBN)

New York Is The Second Most Expensive City For U.S. Home Buyers
(DBN)

Manufactured Housing Continues To Face Financing Obstacles
(DBN)

Housing Recovery Held Back by Program Roadblocks
(DBN)

Homeowners shouldn't be penalized for alleged Baum misconduct, regulator says
(DBN)

MBIA moves to limit CMBS exposure
(DBN)

Lehman sues banks over Archstone sale
(DBN)

Current Mortgage Rates for Friday, December 16, 2011
(DBN)

____________

Corporate Reform:

Slapped Wrists at WaMu
(DBN)

U.S. Suit Says 6 Executives at Loan Giants Misled Market --- Charges underline need for revamp
(DBN)

FINRA mulls rule to collect restitution in court
(DBN)

SEC asks judge to pause Citigroup case, await appeal --- Here's The Greatest Line From The SEC's Decision To Appeal
(DBN)

Congress to Examine S.E.C. Settlement Policy
(DBN - NY Times - Paywall Limit Possible)

Rakoff Decision May Be 'Unprecedented,' But He's Still Right
(DBN)

How the Banks Cripple SEC Enforcement
(DBN)

Frank responds to critique of financial reform
(DBN)

______________

Fraud:

Investors get nowhere as Stanford case crawls
(DBN)

Prosecutors: Stanford competent to stand trial --- Stanford Appears to Be 'Faking' Amnesia --- Stanford: I Have 6 Doctors To Prove I'm Incompetent
(DBN)

Parallels between MF Global and Madoff
(DBN)

Mudd mire tightens Fortress siege
(DBN)

SEC Says Rudy Ruettiger Is A Stock Scammer
(DBN)

Cantor Says House GOP Will Push Insider Congressional Trading Ban Next Year
(DBN)

SEC halts real estate Ponzi scheme in Mormon community
(DBN)

SEC Targets Fannie, Freddie Execs But May Not Get Their Bonuses
(DBN)

Ex-UBS trader swaps legal team ahead of hearing
(DBN)

Credit Suisse hopes to catch rogue traders by forcing employees to take vacations
(DBN)

Football underdog "Rudy" sacked for stock fraud
(DBN)

Olympus Offices May be Raided This Week
(DBN)

______________

Protests:

More than 50 "Occupy" protesters arrested in New York --- Is this their last push until spring?
(DBN)

______________

Glass:

New York court order holds up Vitro bankruptcy plan --- Vitro Units Ordered to Withdraw Consent to Mexican Restructuring Plan
(DBN)

______________

Celebs:

Camille Grammer's bankruptcy lawyer boyfriend gives her some meaningful jewelry during romantic date
(DBN)

______________

Municipalities:

Downtown Birmingham ballpark: Jefferson County bankruptcy threw city a curve
(DBN)

Prichard asks to file brief supporting Jefferson County's bankruptcy filing
(DBN)

Soured JPMorgan deal stuck poor Alabamians with ridiculously high sewer bills
(DBN)

Other cities show what bankruptcy might look like for Detroit
(DBN)

SPD union might just bankrupt Stockton
(DBN)

Bond Insurers Hired Lobbyists as Lawmakers Set Harrisburg's Path
(DBN)

State Senators on Bill to Bar Harrisburg Bankruptcy
(DBN)

There's a 82% chance the California pension system will run out of money
(DBN)

Rhode Island Muni Outlook Unlikely to Gain as Economy Sags, Moody’s Says
(DBN)

______________

Photography:

Kodak's financing plans faces obstacles --- Not a Kodak moment --- Will it wind up in Chapter 11?
(DBN)

______________

Freight:

Holding Freight Hostage: The Legal Wild West Of The Transportation Industry
(DBN)

______________

Lehman:

Bankruptcy Court determines that TBA contracts do not qualify as customer claims
(DBN)

______________

Retailing:

FedEx, Profit Rising, Credits Online Shopping
(DBN)

Making a List, and Taking It to the Pawnshop
(DBN)

______________

Forest Products:

Sino-Forest's main investors draw the line
(DBN)

Sino-Forest begs bondholders for mercy
(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:

BTA Bank Debt Plan, Solon Units, AMR's UK House
(DBN)

Rochelle on Bankruptcy Fees, Madoff, Heller Ehrman
(DBN)

11 Companies That Will Struggle in 2012
(DBN)

______________

Bankruptcy Statistics:

Fewer bankruptcies in Southwest Florida in 2011
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Myths and realities of defending against preference demands
(DBN)

Keep Your Claws Off My Principal: Eleventh Circuit Weighs in on Recovery of Fraudulent Transfers in Ponzi Schemes
(DBN)

Delaware Bankruptcy Judge Sontchi Holds Subsequent New Value Defense Not Reduced by Post Petition Payments
(DBN)

______________

Litigation:

Misadventures in Searching Unallocated Space
(DBN)

______________

Aviation:

American's route to bankruptcy
(DBN)

Why Airlines Keep Going Bankrupt
(DBN)

Bankruptcy Woes Trickle Down To American Airlines' Vendors
(DBN)

PBGC to American Airlines: You can't toss out your pension plan unless it means you're stuck on the runway
(DBN)

JAL to repay $2.38 bln loans ahead of schedule
(DBN)

______________

Health Care:

Bankruptcy to close 2 hospitals on Oahu
(DBN)

Attorney Russo takes charge of finances at The Westerly Hospital
(DBN)

______________

Alternative Energy:

How Long Until Solar Industry Revives?
(DBN)

Japan Says Nuclear Power Cost May Be 50% Higher Than Estimated
(DBN)

______________

UK:

Bailur Says UK Stores Face `Extremely Bleak' Outlook
(DBN)

Increased numbers of firms to fail in 2012
(DBN)

The Dangers For LLPs Of Trading While Insolvent
(DBN)

U.K. Said to Face Derivatives-Law Setback After Summit Clash
(DBN)

U.K. to Force Banks to Separate Consumer and Investment Business
(DBN)

______________

EU:

Analysis: More euro zone banks risk money markets freeze
(DBN)

Why The European Debt Crisis Might Actually Be Over...
(DBN)

Moody's Cuts Belgium's Credit Rating By Two Notches
(DBN)

EU, IMF halt talks with Hungary over central bank
(DBN)

Reality Check: The EU Has Already Failed --- Fitch Doubts Outcome
(DBN)

Europe Uncertainty to Send Money to the US
(DBN)

ECB's Draghi urges eurozone to do more --- ECB to protect banks but won't step up bond --- Pours Cold Water On The Latest Bailout
(DBN)

Why ECB lending won’t solve the euro crisis
(DBN)

No Quick Fix for Euro Crisis in 2012 --- First Half of 2012 to Decide Euro's Survival
(DBN)

Scary Movie
(DBN)

Fed’s Dudley Says Europe Doesn’t Face Fiscal Insolvency Over Debt Crisis
(DBN)

Fitch: Comprehensive euro zone deal "beyond reach"
(DBN)

ECB liquidity auction could cheer or chill
(DBN)

Euro posts largest weekly loss versus dollar in three months
(DBN)

Merkel: Europe must stick to new financial rules
(DBN)

______________

PIIGS:

Talks about forgiving Greek debt proving difficult --- Greece’s Investors Reluctant to Take a Bath --- Talks making major progress
(DBN)

Why the drachma is no answer
(DBN)

ie: Quinn's wife faces bankruptcy after order to pay €3m --- Bankruptcy would give Anglo very useful insight into Quinn family's financial affairs
(DBN)

14 Straight Quarters Of Falling Home Prices May Be More Than Spanish Banks Can Survive
(DBN)

Fitch Warns of Downgrades for Spain, Italy
(DBN)

Portugal Wavers On Debt Limit In Constitution
(DBN)

______________

France:

Fears over French credit downgrade
(DBN)

______________

Germany:

State of Berlin to save Solon?
(DBN)

Projected Reform of German Insolvency Law -- Recapitalization Instead of Liquidation of Companies
(DBN)

______________

MENA:

Cairo Protesters, Police Clash; 10 Dead --- Revolution Gets Bloodier
(DBN)

Egypt: Mixed Signals on Who is in Charge
(DBN)

Egypt Economy Falters
(DBN)

______________

China:

China's November Home Prices Post Worse Performance This Year
(DBN)

Backlash from Beijing raises fears that China's economy is slowing down
(DBN)

As Economy Slows, Beijing Is Paralyzed
(DBN)

A Village In Open Revolt
(DBN)

China Debts Dwarf Official Data With Too-Big-To-Complete Alarms
(DBN)

The Baltic Dry Index is telling a very different story about China
(DBN)

The 2012 Blind Side: China's Housing Bust --- November Home Prices Post Worst Performance This Year Amid Curbs
(DBN)

______________

Brazil:

Brazil's Oil Boom Could See First Bust
(DBN)

______________

India:

Dirty dozen owes 90 % of India's tax dues
(DBN)

______________

Australia:

Centro Properties Group Reorganizes: One Small Step for Man, One Giant Leap for Australian Restructurings
(DBN)

Most Australians worried about debt
(DBN)

______________

North Korea:

One Great Thing About North Korea's Stagnant Economy
(DBN)

______________

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Copyright 2011