December 29, 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:

How Big Is $300 Million in Lawyers' Fees?
(DBN)

Is a Whopping Legal Fee a Marketing Pitch by a Delaware Court?
(DBN)

Wiley Rein Promotes Bankruptcy Associate To Counsel
(DBN)

Year-End Press
(DBN)

Law School Transparency: The startling gap in Michigan's salary stats
(DBN)

Eighth Circuit Revives Discrimination Suit against Law School Dean
(DBN)

Poor 1L Grades? Consider Walking Away. Now.
(DBN)

Should Law Schools Tell Students to Go Away?
(DBN)

Law School Debt
(DBN)

BofA, BP, Citigroup, Samsung, Goldman, Intel in Court News
(DBN)

Ally Financial, Comcast, Madoff, Actavis, Deutsche Bahn in Court News
(DBN)

Lawyer censured for assaulting cab driver
(DBN)

A Man Who Clearly Should Not Have Pets
(DBN)

Man Bites Dog
(DBN)

______________

Judges:

10 New Year's Resolutions the Supreme Court Should Adopt
(DBN)

Bankruptcy Courts Trying Out Online Chats
(DBN)

As Second Circuit Holds Citi Case, Rakoff Slams the SEC
(DBN)

District Judge discusses the power of humor
(DBN)

______________

Wall Street:

Stock index futures signal steady open
(DBN)

______________

Layoffs:

Less than a quarter of companies to hire in 2012
(DBN)

Overpaid Workers Aren't The Reason The US Can't Compete
(DBN)

Morgan Stanley to slash more than 500 jobs in New York --- NYC [Likely] Gets 580 More Cab Drivers
(DBN)

10 hot careers for 2012
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Madoff Son Must Face Suit in Bankruptcy Court
(DBN)

Trustee for the Madoff Estate Has Recovered 60% of The Victims' Money For Big Fees
(DBN)

Rothstein: "You don't want to have marijuana dealing from the middle of your law office"
(DBN)

Rothstein makes allegations about cops, prostitutes
(DBN)

Scott Rothstein: "I am Large, I Contain Multitudes" (Paraphrasing)
(DBN)

Allen Stanford Loses Bid to Delay His Fraud Trial in January
(DBN)

______________

Autos:

US Auto Sales Grow for Third Year
(DBN)

Saab Bankruptcy – What Does it Mean for US Dealers?
(DBN)

Saab may never build another car, but name will live on
(DBN)

General Motors vs Saab: Why after the world laid Saab to rest, GM finished the job
(DBN)

Dongfeng rumored to be interested in fallen Saab assets
(DBN)

______________

Celebs:

Ex-UW QB Mark Brunell forced to sell off Rose Bowl rings
(DBN)

Zillow: Snooki Is Still Not Welcome As A Neighbor
(DBN)

______________

Education:

ISU trustee files for bankruptcy ; college listed among debtors
(DBN)

______________

Debt Collection:

Bank Of America Harassed A Little Old Lady In Florida For Her Deceased Husband's Debts
(DBN)

______________

MF Global:

Judge: MF Global's Bankruptcy Trustee Has No Conflict Of Interest Despite Having Worked For JP Morgan
(DBN)

MF Global trustee to scatter funds :))(scroll down)
(DBN)

JP Morgan Just Told The MF Global Clients' Lawyer To Close His Bank Account
(DBN)

______________

Municipalities:

US State, Local Pensions Drop 8.5 Percent
(DBN)

Welfare hit by perfect storm in California: slashed funds, dismal job market
(DBN)

Debt-ridden Stockton a battleground for police union, City Hall
(DBN)

5 Cities and Towns that Could Go Broke in 2012
(DBN)

______________

Oil/Gas:

Oil Still Has US Over a Barrel
(DBN)

______________

Corporate Governance:

The hottest CEOs are very, very young
(DBN)

The Worst C.E.O.'s of 2011
(DBN)

______________

Gambling:

Hooters Casino to file reorganization plan by Jan. 3
(DBN)

______________

Health Care:

Actavis to Pay Texas $84 Million to Settle Medicaid Drug-Pricing Lawsuit, Less Than Half of Jury Award
(DBN)

______________

Mass Torts:

US eyes first BP criminal charges over Gulf oil spill, report
(DBN)

BP Top U.S. Executive McKay Subpoenaed to Testify at Spill Liability Trial
(DBN)

Sea of Red on Wall Street: S&P Turns Negative for Year
(DBN)

______________

Economy:

Great Recession: The Number That Killed Us
(DBN)

Treasuries Close Sharply Higher Amid Renewed Europe Concerns
(DBN)

The Great Food Stamp Rush Hour
(DBN)

Economists underwhelmed by Obama’s policies, pick Romney over his Republican rivals
(DBN)

Economists Aren't Hopeful on 2012
(DBN)

Geithner’s Long Game Set Up Obama Payroll-Tax Win
(DBN)

Did Bernanke protect the US from the euromess?
(DBN)

How The World's Most Important Economies Stacked Up In 2011
(DBN)

Financial Amnesia a Factor Behind Crisis
(DBN)

Actually, 2012 Offers Very Few Reasons For Optimism
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

This Chart From Robert Shiller Will Terrify Anyone Who Owns A Home In America
(DBN)

Ally Financial Sued by Financial Guaranty Insurance Over Soured Mortgages
(DBN)

More Rot in the OCC Foreclosure Reviews
(DBN)

$8.5 billion ain't what it used to be
(DBN)

Home Sales: Are Revisions To The Revisions Needed?
(DBN)

Shadow Inventory Slides to 2009 Levels
(DBN)

Fannie, Freddie take center stage as blame game continues
(DBN)

Homes sales rise 3% in New York state
(DBN)

Trulia sees fewer delinquencies, more foreclosures in 2012
(DBN)

An Absurdly Low Number Of Foreclosure Sales Were Completed In 2011
(DBN)

6 Million Foreclosures by 2016
(DBN)

Deutsche Bank's Plan for Foreclosed Homes
(DBN)

Foreclosures up 70 Percent in Massachusetts
(DBN)

2011: A year of foreclosure litigation and strategic default
(DBN)

US Homeowners Are Ditching Their Mortgages And Getting Away Scott-Free
(DBN)

More Homeowners Using Delaying Tactics to Slow Down Foreclosures --- Foreclosures Take Twice As Long To Process Now As They Did In 2007
(DBN)

HSBC Fined for Robo-Signing --- HSBC like 'know nothing' Sgt. Schultz from 'Hogan's Heroes
(DBN)

Product And Pricing Engines Meet Mortgage Banking's 'New Normal'
(DBN)

How The Housing Crisis Could Kill Any Progress On Jobs
(DBN)

Make Money in Fallen Homebuilders the Easy Way
(DBN)

Chattanooga builder seeks bankruptcy for Mike Ross
(DBN)

_____________

Retailing:

Retail sales resilient in final holiday stretch --- Last-minute shopping up 4.5 percent --- Online Holiday Spending Up 15%
(DBN)

The number to pay attention to at Sears
(DBN)

The beginning of the end for Sears?
(DBN)

Sears shares tumble on news of store closures
(DBN)

Sears: The Liquidation Begins
(DBN)

"Owning Sears as a property play is a demonstration of the arrogance and breathtaking naivete of much that passes on Wall Street"
(DBN)

Retailers like Sears give CMBS investors something to worry about
(DBN)

Bargain hunters keep holiday sales respectable
(DBN)

Here's How To Ditch The Lousy Gifts You Received Over The Holidays
(DBN)

Drunken online shopping may or may not be a thing now
(DBN)

______________

Aviation:

American Gets Into Fighting Shape In Bankruptcy
(DBN)

US Airways Affiliate Plans LaGuardia Layoffs
(DBN)

______________

Sporting Goods:

Power Balance Bankruptcy Causes Competitors to Speak Up
(DBN)

______________

Baseball:

Hedge-Fund Billionaire Steven Cohen Bids for Dodgers --- Shifts Attention From Mets to Dodgers
(DBN)

Dodgers' Buyer - Please, Not Another Rich Outsider: Fan's Opinion
(DBN)

Hedging your bets on the next Dodgers owner
(DBN)

Judge: Dodgers can pay creditors without selling TV rights
(DBN)

Yankees Co-Owner Harold Steinbrenner Target of U.S. Suit Over Tax Refund
(DBN)

______________

Photography:

FTI Consulting Retained By Kodak
(DBN)

______________

Orchestras:

Philadelphia Orchestra and its CEO in talks to extend contract ...
(DBN)

______________

Tax:

Congress Screwed Over Business Owners By Changing Tax Laws With 9 Days Left In The Year
(DBN)

New tactic for suspected Swiss bank tax cheats
(DBN)

______________

Corporate Reform:

Whistleblower documents illuminate case against BNY Mellon
(DBN)

In Challenging S.E.C . Settlement , a Judge in Wisconsin Cites a Court in New York
(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:

WaMu, Delta Petroleum, Nebraska Book, Syms, NewPage
(DBN)

MF Global UK, Takefuji Bids, Krajbanka Insolvent
(DBN)

Whence Corporate Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Biggest Pittsburgh-area bankruptcy filings in 2011
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Jargon:

Your Favorite Business Bankruptcy/Restructuring Lingo?
(DBN)

______________

Litigation:

There is Only One Way to Rock Search Terms
(DBN)

______________

Lehman:

Lehman’s Cash Includes $2 Billion Pledged to Citigroup
(DBN)

______________

Religion:

Clergy, survivors sign plea for Milwaukee sex abuse victims to come forward
(DBN)

______________

Politics:

Scott Brown ready to fight, draws 'line in the sand' --- Calls himself 'most bipartisan' in Senate
(DBN)

Top Ten Political Blunders of 2011
(DBN)

Obama's Approval Rating Rising
(DBN)

The net worth of members of Congress jumped 15% in the last six years
(DBN - NY Times - Paywall Limit Possible)

______________

Small Business:

Five Businesses That Did Not Survive 2011
(DBN)

______________

Protests:

Everyone Is Watching This Video Of Occupy Princeton Disrupting A JP Morgan Recruiting Session
(DBN)

______________

Asset Protection:

The Real McCoy: Living Trust Provides Spendthrift Protection To Assets Of Beneficiary In Bankruptcy
(DBN)

______________

Banking:

Parsing the Year-End Messages from the Big Four Banks
(DBN)

______________

Sovereigns:

The purpose of banking is increasingly to lend to governments
(DBN)

______________

UK:

UK Prepares Measures for Euro Collapse
(DBN)

UK: Car Manufacturing, Exports Set for Record
(DBN)

______________

EU:

Worries about Europe drive euro to 11½-month low --- Euro falls to 15-month lows
(DBN)

German Stocks Fall as ECB Balance Sheet Rises to Record on Loans
(DBN)

EU Banks Puts Billions in European Central Bank
(DBN)

Eurozone faces tough hurdles early in 2012
(DBN)

What A Failed Bond Auction Looks Like
(DBN)

______________

PIIGS:

Italy's Debt Cost Dips, but Its Economic Perils Remain
(DBN)

Italian retailers face worst Christmas in a decade
(DBN)

Italian bond sale fails to spark markets
(DBN)

Greek government gets more time to rescue economy
(DBN)

Greece delays elections until end of April
(DBN)

New Greek Gov't Runs Out of Steam
(DBN)

IE professor put in charge of Spanish finances
(DBN)

Spanish Mortgage Market Declines For 18th Consecutive Month
(DBN)

Spain Did Not Run Up High Public Debt
(DBN)

______________

Canada:

BDO Canada seeks approval to sell bankrupt man's fishing licences
(DBN)

CellFor Files for CCAA Protection
(DBN)

TSX loses almost 200 pts. on global economy fears
(DBN)

______________

China:

The Big China Fraud Is About To Become Apparent To Everyone
(DBN)

Funds expect surge of bad loans in China
(DBN)

______________

MENA:

Dubai: No clear answer to $15bn question --- Spectre of debt again stalks the land
(DBN)

______________

Russia:

A Jail Term Is Now A Badge Of Honor For Putin's Critics
(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