December 27, 2011

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

 

Law:

Client Sues Faegre & Benson, Says Standard Clause Omitted from Business Sale Contract Cost Millions
(DBN)

2012: The Year Law Firms Ditch Geezer Image And Get Tweeting?
(DBN)

Is Your Company Tweeting Its Way Into Trouble?
(DBN)

Air Dictate: Harnessing Siri for Dictation on your Mac
(DBN)

The Global Lawyer of the Year
(DBN)

Orrick Takes the Wheel in Sale of Troubled California Toll Road
(DBN)

Bob Morvillo, Defender Of Martha Stewart, Maurice Greenberg, John Zaccaro, Dies At 73
(DBN)

BNY Mellon, New Star, Apple, Chevron, NCAA, BP, Rothstein in Court News
(DBN)

GE, Delphi Financial, Barclays, TD, News Corp. in Court News
(DBN)

Kodak: General Counsel Laura Quatela, IP expert, becomes president
(DBN)

Wendy Wasserstein: Fortunately, she didn't get into law school, twice
(DBN)

A Cozen Associate Reflects on a Year in the Prosecutorial Trenches
(DBN)

Duncan, Rejected by the ABA, Sues for Accreditation
(DBN)

Michigan, Your Law Dean Earns How Much a Year?
(DBN)

Why Law Schools Should Report “Gainful Employment”
(DBN)

What Unemployed Attorneys Resort To...
(DBN)

The Evidence Exam at Harvard Law That Requires No Evidence to Pass
(DBN)

ABA Regulations Don't Cause Tuition Increases, Law Schools Do
(DBN)

ATL Holiday Card Contest: The Finalists!
(DBN)

From Tragedy to Triumph Isn’t Just a Theme in Lifetime Movies (Just Ask Casey Greenfield)
(DBN)

Defense Lawyer Criminally Charged, Accused of Submitting Fake Certificates of Completion for Clients
(DBN)

Lawsuit Asks "Who Owns a Twitter Follower?"
(DBN)

Holiday Gifting at the Office (Hint: Ixnay on the Nose Hair Clippers)
(DBN)

From legal suits to Santa suit: Attorney plays Santa during Christmas season
(DBN)

Who’s the Worst Roommate: The Bro with the 13-Year-Old Girlfriend or the Bro Who Shot You in the Chest?
(DBN)

Man dressed as Santa kills family after opening presents
(DBN)

______________

Judges:

Another Rhyming Opinion
(DBN)

Some Selected New Year’s Resolutions of the Federal Judiciary
(DBN)

Redding lawyer named as federal bankruptcy judge
(DBN)

Nomination of Chuck Schumer’s brother-in-law Kevin McNulty to federal judgeship stumps New Jersey observers
(DBN)

Judges Cancel Case Assignment Experiment
(DBN)

New York Judge Bench-Slaps Brooklyn Public Library and Wilson Elser Lawyers
(DBN)

Animosity between lawyers in case won't be fixed by judge
(DBN)

DA Mulls Call for Case Review, Because Top Court Justice Got Free Legal Services from Party’s Firm
(DBN)

The first presidential candidate to propose a thorough assault on the rule of law
(DBN)

Lawyer relishes tough and unpopular cases before Supreme Court
(DBN)

______________

Wall Street:

US stock futures mostly flat ahead of data
(DBN)

Stocks Head Into The Final Stretch
(DBN)

Why So Many Market Experts Got It Wrong in 2011
(DBN)

______________

Layoffs:

Unemployment Extension Passed but Eligibility for Full 99 Weeks May Decline --- Democrats defend cutting unemployment benefits
(DBN)

"Stunningly high youth-unemployment numbers are increasingly a global phenomenon"
(DBN)

An Uneven Job Recovery Among the States
(DBN)

Americans Slightly Less Pessimistic About Quality Jobs
(DBN)

We Lost 2 Million Construction Jobs. Only Half Are Coming Back.
(DBN)

Minimum wage increases for workers in eight states
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

Fed Extends Public Comment Period on Volcker Rule
(DBN)

______________

Autos:

Chinese Investor to Suffer Loss as Saab Declares Bankruptcy
(DBN)

Dongfeng eyes up bankrupt Saab's remaining assets
(DBN)

Saab's small Phoenix may rise in new form
(DBN)

For Saab Owners and Would-Be Buyers, What to Expect of Warranties
(DBN)

Lotus Sale Seen 30 Years After James Bond Let Go Along With Profits
(DBN)

______________

Baseball:

Fox Sports wins ruling in Dodgers bankruptcy case --- Dodgers Can't Shop TV Rights to Bidders, District Judge Says --- Win could lower Dodgers sale price
(DBN)

Frank McCourt's spinning Dodgers wheels got to go 'round
(DBN)

For Mets, Vast Debt and Not a Lot of Time
(DBN)

______________

MF Global:

MF Global Trustee Seeks Money From British Arm
(DBN)

MF Global trustee breaks down the money trail
(DBN)

MF Global Client Attorney Explains In 1 Sentence Why JP Morgan's Involvement In MF Global Is Suspicious
(DBN)

MF Global trustees in clash over funds --- Statement from the Office of the Trustee for the Liquidation of MF Global
(DBN)

UK authorities fight for MF Global's $700 million
(DBN)

Ditching Corzine, not MF Global
(DBN)

'Corzine conflict' hand-wringing
(DBN)

Clearing in spotlight after MF Global debacle
(DBN)

Congresswoman Marcy Kaptur Confronts MF Global and Wall Street
(DBN)

Obama to return Corzine cash --- Obama Campaign Retains Nearly $150K in MF Global Donations
(DBN)

MF Global Holders of Physical Gold to Get Their Assets
(DBN)

N.J. Sen. Robert Menendez not keen to question Jon Corzine on MF Global scandal on Senate banking committee
(DBN)

Senators urge Justice Deparment to investigate MF Global --- Grassley, 16 others push for 'exhaustive' investigation
(DBN)

'Vulture Investors' See New Prey in MF Global Claimants
(DBN)

______________

Rentals:

Ahern Rentals Files for Chapter 11, BofA, Others Provide DIP Loan
(DBN)

______________

Hedge Funds:

Paulson fund down more than 50% this year
(DBN)

______________

Energy:

Dynegy and Debates over Chapter 11
(DBN)

______________

Religion:

More lawsuits filed against priests with Kansas City ties
(DBN)

______________

Hollywood:

Ted Fields Files Lawsuit Seeking $10 Million in Radar Pictures Alleged Hijacking
(DBN)

______________

Economy:

Debt Squeeze Points to Biggest Restructuring Wave Since Lehman
(DBN)

AP Survey: Economy to Pick up but Still Vulnerable
(DBN)

Obama signs payroll tax cut extension --- Payroll Tax-Cut Extension Sets Up 2012 Fight Over Longer Plan --- Winners and losers of the payroll tax showdown
(DBN)

The worst holidays since the Great Depression
(DBN)

US Government Spiraled Deeper into Debt This Fiscal Year
(DBN)

Durable Goods Orders Up, Core Demand Weak
(DBN)

Fed Once-Secret Loan Crisis Data Released to Public --- Bloomberg's massive data cache on the Fed's secret lending programs
(DBN)

Corporate Borrowing Soared in 2011
(DBN)

Fitch: US could lose AAA rating by end of 2013
(DBN)

PIMCO doubts US economy will meet 2012 expectations
(DBN)

IRS, DOJ Grab New Powers In Hunt For Revenue
(DBN)

A Major Historical Trend That Predicts Recession In 2012
(DBN)

U.S. Consumer Spending Rise Is Slim
(DBN)

Most Americans Still Say They Are Better Off Than Their Parents
(DBN)

Americans Sour on Finances, Future vs. 1998, but Only Slightly
(DBN)

Debt an intertwining thread in 2011 business tapestry
(DBN)

These 5 Countries Should See GDP Growth Heat Up In 2012
(DBN)

Lagarde Warns Again on Global Economy
(DBN)

New Signs of Economic Weakness
(DBN)

World Economy to Trudge on in 2012
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage Delinquencies Rise In November, Foreclosures Fall
(DBN)

New York Fed reinvests nearly $9 billion in agency MBS in one week
(DBN)

Proof that OCC Foreclosure Reviews Are a Sham
(DBN)

Deutsche Bank Among Firms Giving US Plans to Rent Seized Homes
(DBN)

Lawler: The NAR “benchmark revision story” is not over!
(DBN)

New home sales increase 1.6% --- Seven-month high
(DBN)

2011 likely worst year for house sales on record, dating back to 1963
(DBN)

Real estate recovery in limbo until 2013
(DBN)

Unreliable housing statistic of the day
(DBN)

Foreclosure Relief? Don’t Hold Your Breath
(DBN)

Is FHA Claim Processing The Next Servicing Nightmare?
(DBN)

Daylight for New-Home Sales?
(DBN)

Despite Widespread Wrongdoing, Fed’l Prosecution of Institutions Involved in Mortgage Mess is Rare
(DBN)

North Las Vegas land auction results to stand
(DBN)

The Case For Fully Privatized Mortgage Markets
(DBN)

Commercial real estate loans improve in 2011, but face headwinds
(DBN)

An accounting of just how much Countrywide has cost BofA
(DBN)

_____________

Health Care:

Hawaii hospital workers jobless on Christmas Eve
(DBN)

RI hospital receiver seeks to shield donations
(DBN)

Hospital master wants court to protect donations
(DBN)

One in Five American Families Have Medical Bill Problems
(DBN)

______________

Protests:

Occupy Wall Street Gives NYSE A Flaming Middle Finger For Christmas
(DBN)

Occupy Wall Street: Is First-Amendment tactic right move?
(DBN)

______________

Politics:

Rove-linked group attacks Elizabeth Warren
(DBN)

Final Iowa blitz underway
(DBN)

Occupy Bank of America?
(DBN)

______________

Celebs:

'Basketball Wives' Star Sued for Helping Blow NBA Star's Fortune
(DBN)

Bankruptcy Judge Orders Young Buck Into Liquidation --- Likely to Sell Rap Name in Bankruptcy Case
(DBN)

MC Hammer Fighting Back Against Tax Charges
(DBN)

______________

Food/Beverage:

Quiznos eyes possible Ch. 11 bankruptcy protection --- Reaches Deals With Lenders
(DBN)

______________

Municipalities:

Bankruptcy Filing Raises Doubts About a Bond Repayment Pledge
(DBN)

Harrisburg's Lawyer Files Second Bankruptcy Dismissal Appeal
(DBN)

______________

Aviation:

AMR Can Reject Some Engine, Aircraft Leases, Bankruptcy Court Judge Rules
(DBN)

Bankruptcy judge allows AMR to buy 200 planes ‎
(DBN)

AMR told to keep taxes separate in bankruptcy case
(DBN)

American Airlines workers: Don't blame us for bankruptcy
(DBN)

That's millions, not billions, judge
(DBN)

AMR, Citigroup Seek Bankruptcy Law Relief for Fuel Hedging Deal
(DBN)

Bankruptcy cuts begin at AA affiliate American Eagle
(DBN)

Area fears smaller AA
(DBN)

In Bankruptcy, American Faces New Competition
(DBN)

Airline concerns on the rise
(DBN)

Airlines Are Retrenching , and Alternatives Are Slim
(DBN)

______________

Debt Collection:

Capital One Accused of Illegally Suing Bankrupt Americans --- Debts Go Bad, Then It Gets Worse
(DBN)

Midland Funding, Portfolio Recovery, LVNV Funding. The Debt Buyers and Why You Should Fight
(DBN)

______________

Fraud:

Convicted Swindler Rothstein Says Banyon Fund’s George Levin Knew of Scam
(DBN)

Rothstein Trustee "Forgot" Pledge of Confidentiality.
(DBN)

TD Bank Played 'Critical' Role in Ponzi Scheme
(DBN)

Allen Stanford Found Mentally Fit for January Fraud Trial by Federal Judge
(DBN)

Madoff's sons' appeal denied
(DBN)

Third payout coming for Judah Ponzi scheme victims
(DBN)

SEC: Crooked Hedge Funds Have One Thing In Common
(DBN)

______________

Glass:

Judge Rules Automatic Stay Precluded Entry of Vitro's Temporary Restraining Order
(DBN)

______________

Accounting:

Bonus Watch '11: PwC Auditors Are Going to Ask Again, Nicely This Time
(DBN)

______________

Antitrust:

Eleventh Circuit Joins Second and Seventh Circuits in Rejecting Antitrust Claim Challenging Collective Action by Holders of Existing Debt
(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:

Rochelle: More Bankruptcies for Turnaround Professionals
(DBN)

Solar Millennium, Alizee Bank Risks, Vietnam Lenders
(DBN)

______________

Bankruptcy Statistics:

Filing for bankruptcy becomes more costly in wake of reforms
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Litigation:

Angus: Cross-Examining Expert Witnesses
(DBN)

______________

Venue:

Solyndra's court shopping puts bull's-eye on Delaware
(DBN)

______________

Admin Claims:

Tort claim does not get administrative claim status when bankrupt business is liquidating
(DBN)

______________

Banking:

Bankers’ Complaint of Uncertainty Obscures Reluctant Disclosure
(DBN)

Here's What You Could See At An Upcoming Bank Of America Yard Sale
(DBN)

Citigroup loses suit to overturn $54-mln ruling
(DBN)

$88B in Bank Failures: US Enforces in the Dark
(DBN)

______________

Politics:

Economic Inequality an Issue for 2012 Campaign
(DBN)

Obama ‘In Over His Head’ on Business: Jets’ Owner
(DBN)

Donald Trump Bolts Republican Party, Eyeing Other 2012 Options
(DBN)

______________

Lehman:

Lehman Pays Marsal Firm Almost $500 Million to Manage Bankruptcy
(DBN)

SEC Backs Lehman Brokerage in $3 Billion Barclays Dispute Over Assets
(DBN)

Lehman, Fannie Mae Settle Disputes Over Claims, Filing Says ‎
(DBN)

Lehman Strikes Deals To Bring In More Than $390 Million
(DBN)

______________

Retailing:

Billions in Gift Cards Go Unspent
(DBN)

Retail Bankruptcy Roundup: 2011 Maintains Pace Set in 2010
(DBN)

Syms Creditors Balk At Bid To End Fifth Avenue Lease
(DBN)

Filene's cancels lease auction
(DBN)

FTI Consulting 2011 Retailing Report
(DBN)

______________

Environmental:

Anadarko can limit some evidence in bankruptcy court pollution lawsuit
(DBN)

______________

Consumer Credit:

Tribe's high-interest online lending venture booms
(DBN)

______________

Alternative Energy:

Politics Powered Solyndra Decisions --- No kidding --- The dirty politics of clean energy
(DBN)

Solyndra's failure: Examining the allegations
(DBN)

______________

Freight:

ATA Trucking Index increased 0.3% in November
(DBN)

______________

Tax:

Law to Find Tax Evaders Denounced
(DBN)

______________

Photography:

As Kodak struggles, Eastman Chemical thrives
(DBN)

Next Stop Bankruptcy for This Iconic Company
(DBN)

______________

Non-Profits:

Food Banks See Drop in Donations
(DBN)

______________

Oil/Gas:

Petroplus Plunges as Lenders Freeze $1 Billion of 'Critical' Credit Lines
(DBN)

______________

UK:

SNP demands probe into liquidations
(DBN)

Brazil's Economy Overtakes Britain As Sixth Largest
(DBN)

Appointment of Administrators - 23 December 2011
(DBN)

______________

EU:

LTRO 'Bazooka' Is A Disaster As Banks Redeposit Record Amounts With The ECB
(DBN)

The eagle has landed - in Europe
(DBN)

U.S. businesses eye distressed European firms
(DBN)

Where Europeans Are Going In Search Of Jobs And Economic Growth
(DBN)

Belgium Is In Deep Financial Trouble Due To Bank Bailouts, But Now, Finally, A Bank CEO Is Getting Sued
(DBN)

Shorting The Euro Has Never Been More Popular Among Hedge Funds
(DBN)

Education Tied to Southern Europe's Employment Woes
(DBN)

French unemployment at 12-year high
(DBN)

______________

PIIGS:

Spanish economy minister prepares for a recession --- 'Outlook bleak'
(DBN)

De Guindos Sees Two Tough Quarters Ahead for Spain's Economy
(DBN)

Italy to Kick Cash Habit as Monti Cracks Down on Tax Evaders
(DBN)

Italy Braces Itself For The Full Monti
(DBN)

Parmalat says U.S. court rejects claim against Citigroup
(DBN)

Greece: Christmas bonus evaders soar
(DBN)

Greeks See a Bleak Future
(DBN)

Greek Retail Sees Worst Christmas Sales in Decades
(DBN)

Venizelos: PSI talks are difficult
(DBN)

______________

Canada:

Miner Crystallex files for bankruptcy
(DBN)

______________

Japan:

Fukushima Probe Puts Regulator, Cellphones on List of Failures --- Response confused and blighted by poor communication
(DBN)

______________

China:

Chinese couple forced to flee home after neighbors discover they have 8 babies
(DBN)

Another Abandoned Luxury Housing Development
(DBN)

Chinese Storm Clouds
(DBN)

______________

New Zealand:

Bankrupt's million-dollar lifestyle
(DBN)

______________

 

 

 

Please note that The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).

 

Copyright 2011