December 5, 2011

The Daily Bankruptcy News

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Law:

O'Melveny: A Fresh Start
(DBN)

Legal Services: November Jobs Report
(DBN)

“What’s Hot and What’s Not in the Legal Profession”
(DBN)

New Business Models: Legal Sector Can Learn from Green
(DBN)

From Biglaw to Boutique: Going Through the Motions
(DBN)

Crowell may have known about concerns over lawyer months ago
(DBN)

Lawyer Sues Former Co-Counsel Over Bonuses
(DBN)

Partners Feeling the Heat at Freshfields, Allen & Overy
(DBN)

Counseling Clients in a Distressed Economy
(DBN)

Armstrong Teasdale’s Cousins reps Lambert in American Airlines bankruptcy
(DBN)

Ethics 20/20 Edges Toward Decision on Endorsement of Versions of Alternative Law Practice Structures
(DBN)

Survey of Minority Associates Shows Persistent Differences
(DBN)

Technology: Reverse mentoring at law firms
(DBN)

Holiday Makeovers for the Gadget-Geared Lawyer
(DBN)

How to Kill the Fun? Holiday Tips for Law Firms
(DBN)

Law School ‘Puppy Day’ Takes The Edge Off Exams
(DBN)

Admissions Office ‘Keeps It Real’: Except for the Part About the Value of Going to Law School
(DBN)

Law School Transparency: Simple math
(DBN)

Law schools have become addicted to federal educational loan money
(DBN)

A Former Solicitor Costs Her Soon-to-Be Ex-Husband $157M in a Divorce Case
(DBN)

Easiest Way to Get into the NYT Wedding Section? Be an ‘Elite’ Lawyer
(DBN)

Former Debevoise associate sentenced to 15 years
(DBN)

"Is this stupid?"
(DBN)

Paying People Not To Use Talk To Their Cellphones’ Virtual Assistants in Public
(DBN)

Another Amazing Interview, Jerry Sandusky Again Stumbles Over The Question --- Shocking new details
(DBN)

Lawyer for Jerry Sandusky might talk guilty plea
(DBN)

Man accused of trying to steal police car - "How do you put this car in gear?"
(DBN)

Bank van accidentally dumps cash on Pa. highway
(DBN)

Man gets 11 years for killing deer with snowmobile
(DBN)

Can You Tell Someone Is Guilty Just By Looking At Them?
(DBN)

Boy ‘Burping Audibly’ in PE Class Leads to His Arrest and Parental Lawsuit
(DBN)

Mother says 9-year old son was suspended for calling teacher ‘cute’
(DBN)

7-Year-Old Boy Charged with Sexual Harassment for Kicking Bully
(DBN)

He's On A Billboard
(DBN)

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Judges:

Judge refuses new trial for woman convicted of using forged judge's signature
(DBN)

Some Texas County Judges Not Lawyers, Yet They Preside Over Pleas
(DBN)

Report: N.Y. state judges seeking $23,000 pay raise
(DBN)

ABA opposes substantial number of Obama Administration's potential judicial nominees
(DBN)

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Courts:

Lawyers protest Bucks bankruptcy changes
(DBN)

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Wall Street:

US stock index futures signal higher Wall St open
(DBN)

Stocks slip at close, but Dow up 7 percent on week
(DBN)

Modest Bonus Year on Wall St., but Stock Could Yield Fortunes
(DBN)

No Lost Decade for S&P 500
(DBN)

A Wall Streeter Fires Back At The 1st Year Analyst Who Said The Financial Industry Is A Scam
(DBN)

______________

Layoffs:

US Unemployment Rate Hits 2.5 Year Low
(DBN)

Did Economy Create Nearly 500,000 Jobs in November?
(DBN)

Job Growth Up, Just Not Quality Jobs --- People Quit Looking --- Why Americans are leaving the labor force in large numbers
(DBN)

3 Reasons the Job Market Still Stinks
(DBN)

The story behind the jobs report
(DBN)

Lies, Damn Lies and Labor Statistics
(DBN)

The Other Scariest Jobs Chart Ever
(DBN)

The Future Of Work In America In One Simple Chart
(DBN)

The Future of Work and Jobs
(DBN)

U.S. Payroll Employment By Industry, November 2011
(DBN)

It Turns Out, A College Education Is A Really Big Deal
(DBN)

You'll Be Surprised How Many American Workers Are Caregivers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Oklahoma Hall of Fame inducts Elizabeth Warren
(DBN)

Sea change among Democrats in Mass.
(DBN)

Front-Runner: Wall Street Guns for Elizabeth Warren
(DBN)

GOP blasts Elizabeth Warren attack vs. Scott Brown ‎
(DBN)

Elizabeth Warren's Teach-in ‎
(DBN)

Drop in Jobless Rate: Will Obama Benefit?
(DBN)

FactCheck: Christie's Obama Jobs Claim
(DBN)

A Glimmer of Good News for Obama in Jobs Report
(DBN)

Democrats and G.O.P. Seize on Competing Narratives
(DBN)

Proof That Nothing Ever Changes In Politics
(DBN)

Obama Is About To Give A Huge Class Warfare Speech
(DBN)

A closer look at Mitt Romney's job creation record
(DBN)

Former Romney Business Partner: ‘I Never Thought Of What I Do For A Living As Job Creation’
(DBN)

George Will And Arianna Huffington Pile On 'Charlatan' Cain
(DBN)

Gingrich Leads Des Moines Register Iowa Poll, Romney In Third
(DBN)

Bachmann to Oppose Renewal of Payroll-Tax Cut
(DBN)

The Numbers Behind Newt's Plan To Balance The Budget
(DBN)

Pssst ... Wanna Buy a Law?
(DBN)

______________

Corporate Reform:

Few Avenues for Justice in the Case Against Citi
(DBN)

Judge slams weak terms of SEC, Citi settlement
(DBN)

Judge's rebuff of SEC's Citibank settlement shows he's no friend of the little guy, after all
(DBN)

NYT’s James Stewart Runs PR for Compromised SEC Chief Khuzami Against Judge Rakoff on Proposed $285 Million Citi CDO Settlement
(DBN)

Why the SEC needs a new game plan with Citi
(DBN)

SEC must get tough with corporations
(DBN)

SEC tends its flock
(DBN)

SEC seeks tougher enforcement options as it stumbles on settlements
(DBN)

Prosecuting Wall Street
(DBN)

The Consumer Financial Protection Bureau: Like a mechanic with no tools?
(DBN)

Obama urges Republicans to back consumer chief
(DBN)

Consumer agency sees confusion on credit cards
(DBN)

Is Crony Capitalism Wrong?
(DBN)

______________

Student Debt:

Student Loan Debt: Who Are the 1%?
(DBN)

90% of bachelor's degree recipients graduate with less than $40,000 in debt
(DBN)

______________

Mail:

Facing bankruptcy, Postal Service pushes forward with big cuts to first-class mail next spring --- Effects to be wide-ranging
(DBN)

Is U.S. Postal Service a dinosaur?
(DBN)

USPS wants to limit next-day guarantee
(DBN)

USPS Study Recommends Closing Dallas Main Post Office
(DBN)

Postal Service Now Selling Ads On Side Of Delivery Trucks
(DBN)

______________

Newspapers:

‘Prepackaged’ bankruptcy for Record owner
(DBN)

Lee plans prepackaged bankruptcy to refinance debt
(DBN)

_____________

Utilities:

Federal judge OKs Menasha steam plant bondholder deal
(DBN)

Bankruptcy judge lets Dynegy run local plants
(DBN)

New Chairman at Dynegy; Plus, Investors Challenge Claim
(DBN)

Bankrupt co-op manager says gas plant not to blame
(DBN)

Gregori testifies at Southern Montana hearing
(DBN)

Former Southern manager blames bankruptcy on board dissent, Great Falls
(DBN)

Former Southern manager said bankruptcy could have been avoided
(DBN)

City Speaks Out After SME G&T Creditors' Hearing
(DBN)

Co-op members object
(DBN)

______________

Health Care:

US trustee sees conflicts in Peninsula Hospital buyout
(DBN)

Bankruptcy trustee targets Peninsula Hospital's operators
(DBN)

______________

Telecoms:

NextWave gets another debt extension
(DBN)

______________

Credit/Debit Cards:

Card Charge-Off Rate Falls In October; Delinquency Rate Holds Steady
(DBN)

Credit card use is on the rise
(DBN)

______________

Economy:

US unemployment rate falls to 8.6%
(DBN)

The Mirage of Falling Unemployment
(DBN)

American Dream: Aim Low and Miss Target
(DBN)

Our Stealth Recovery
(DBN)

Senate Rejects Extending Payroll Tax Cuts
(DBN)

Compromise On Payroll Tax Cut Extension Coming On Monday, Democratic Senator Says
(DBN)

Secrets of the Bailout, Now Told
(DBN)

It's Beginning to Look A Lot Like…1971
(DBN)

The US Economy: Starting To Look Like Exactly One Year Ago
(DBN)

In rural Oregon, middle-class life is slipping away
(DBN)

Less Than Half of Americans Think US is Best
(DBN)

Income Gap Widens, So Does the Debate
(DBN)

A One Paragraph Explanation Of Why 2011 Was An Amazing Year For Stocks And The Economy
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Ally stops buying mortgages in Massachusetts
(DBN)

Massachusetts AG's recent suit against banks one of handful nationwide
(DBN)

California AG faces tough choice on mortgage deal
(DBN)

Jobs Report Bodes Well for Housing
(DBN)

Home Prices Will Continue To Plunge, And 2013 Will Be The Worst Year For Foreclosures In History
(DBN)

Huntsman Proposes RTC-Style Approach To GSE Reform
(DBN)

The Average Foreclosure Now Takes A Record 631 Days
(DBN)

Phoenix foreclosures drop to lowest level since 2008
(DBN)

Future of foreclosures in NJ hinges on state Supreme Court decision
(DBN)

Anti-foreclosure activists target Michigan proposal
(DBN)

Amended rule changes mediation landscape in Florida
(DBN)

Commercial Delinquencies Down, for Now
(DBN)

Ratings outlook change for US unlikely to impact defeased CMBS
(DBN)

Higher Loan Limits , Again , for Pricey Markets
(DBN)

The world's 8 most distressed property markets ‎
(DBN)

Squatters Claim $8 M in Tarrant Properties
(DBN)

_____________

Aviation:

Once on Top, American Now Fights to Keep Up --- Bankruptcy comes late --- Hopes For Smooth Path Through Chapt. 11 --- Business as usual
(DBN)

Older AA planes 'worthless' --- Plans to modernize fleet despite bankruptcy
(DBN)

AMR Mutes Takeover Risk With Record $4.1 Billion Bankruptcy Cash
(DBN)

Fitch Revises Outlook to Negative on 3 U.S. Hub Airports After AMR Bankruptcy
(DBN)

Eagle pilots told contracts will be changed and Eagle fleet could be reduced
(DBN)

Former AT&T chief Tom Horton's capacity may ease American's landing --- Veteran exec to pilot American into remake --- Progress monitored as predictions are offered
(DBN)

AMR creditors' committee may be an eclectic mix
(DBN)

American bankruptcy to involve bumpy ride
(DBN)

AMR Bankruptcy's Domino Effect
(DBN)

Creditors line up to get what American Airlines owes them --- KCI, others file in AMR bankruptcy
(DBN)
(DBN)

American Airlines Employees Shoot Dance Video One Day before Bankruptcy --- Pensions a rich target --- TWU leader: Public should be 'up in arms'
(DBN)

American Seen Shrinking About 10% With Focus on U.S. Flight Cuts
(DBN)

After American Airlines Bankruptcy, Your Frequent Flyer Miles May Be Worth Less
(DBN)

A Complex Bankruptcy for Bondholders
(DBN)

It's Not Too Late To Sell AMR -- Update on American Airlines Trading
(DBN)

Taking A Moral Stand, American Airlines CEO Retires With No Severance Package
(DBN)

How four other airlines have fared in and emerged from bankruptcy
(DBN)

A Changing of the Guard in the Airline Sector
(DBN)

Airline industry's bankruptcy revolving door
(DBN)

Major airlines oppose more disclosure on lucrative 'hidden' fees
(DBN)

Airlines attempt to raise US prices again
(DBN)

Concern about Air Canada bonds
(DBN)

85-year-old, 110-lb grandmother strip-searched by TSA at JFK
(DBN)

______________

Enron:

Ten years later, insiders press a different view of Enron
(DBN)

Lawyers enjoy decade of post-Enron success
(DBN)

Why Enron is still with us
(DBN)

Enron wasn't all bad news for one couple
(DBN)

Where Are They Now? The Enron Scandal Key Players
(DBN)

______________

MF Global:

The Boy Wonder of the MF Global Nightmare
(DBN)

Bankruptcy of MF Global hits farmers hard
(DBN)

MF Global Recovery Efforts From the Inside
(DBN)

CFTC May Vote on Client-Protection Rule After MF Global Collapse --- What You Need To Know About the "MF Rule"
(DBN)

MF Global mixed funds, transferred abroad
(DBN)

Lawmakers subpoena Jon Corzine to testify about MF Global collapse --- What will he say?
(DBN)

MF Customer: $50M Commodity Account Gone
(DBN)

MF Global proves Enron-era accounting lives on
(DBN)

MF Global's Board Resigns After Naming of Trustee
(DBN)

______________

Protests:

Ousted from Zuccotti Park, Occupy Wall Streeters now occupy ‘off-site’ alternatives
(DBN)

Pushed out, Occupy movement plans next move
(DBN)

Occupy Wall Street hunger strikes begin as one of the few remaining camps shut down by police
(DBN)

Michele Bachmann: Occupy Wall Street Wants Other People To 'Pay For Their Stuff'
(DBN)

The branding of the Occupy movement
(DBN)

A Protester's Uneasy Presence at Occupy Wall Street
(DBN)

_____________

Management:

When You Should Quit Your Startup
(DBN)

______________

Fraud:

Rajaratnam Witness Still Cooperating In Probe
(DBN)

Michael Woodford Is Leading A One-Man War Against Japan And He's Winning
(DBN)

The Folie De Grandeur Of Rogue Traders
(DBN)

Securities industry's stance on Stanford case undermines investor confidence
(DBN)

Congress's Stock Trading Fails Sniff Test, Deserves a Ban
(DBN)

Examining 'honest services' post-Skilling
(DBN)

______________

Media:

UK Phone Hacking Was Just The Tip Of The Iceberg
(DBN)

______________

Celebs:

The Broke and the Beautiful: Pop Music Edition
(DBN)

The stars who squandered their fortunes
(DBN)

______________

Lehman:

Lehman Brokerage to Start Paying Customers $18.3 Billion
(DBN)

Post-Confirmation Claims Trading
(DBN)

Lehman Brothers close to naming a new board
(DBN)

Lehman Estate Said to Be Seeking Funds for Counterbid for Archstone Stake
(DBN)

______________

Food/Beverage:

Judge dismisses N.M. winery as defendant in Cap*rock auction suit
(DBN)

Bankruptcy buyer of Yarnell's Ice Cream to talk with retailers
(DBN)

______________

Alternative Energy:

Congressman sends scathing letter to White House counsel over Solyndra subpoena --- Committee Weighs Contempt Citation
(DBN)

Solyndra Was An Anomaly, Independent Report Finds --- Steven Chu's bad bet
(DBN)

Energy Department Loan Guarantees Went Mainly To Low-Risk Projects
(DBN)

China Rejects U.S. Ruling on Solar Imports
(DBN)

Range Fuels Cellulosic Ethanol Plant Fails as US Pulls Plug
(DBN)

Issa-backed car company folds --- Couldn't match federal loan, closes
(DBN)

______________

Oil/Gas:

Beware of Gas Well Leases, Especially Around the Holidays
(DBN)

Gasoline: The new big US export
(DBN)

______________

Ethanol:

Feds want Range Fuels' ethanol plant to be liquidated
(DBN)

______________

Autos:

Chinese bank in Saab rescue talks
(DBN)

U.S. Automakers Set for Best Year Since 2008
(DBN)

______________

Turnarounds:

Ten tips for a successful business turnaround
(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:

Lehman, Dynegy, Solyndra, Madoff, AMR, Friendly
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Obits:

John Schwartz, 1925-2011
(DBN)

______________

Venue:

Proposed law would shift bankruptcy work out of Delaware
(DBN)

US Circuit Court rejects Del. companies sue in Del.
(DBN)

______________

Avoidance Actions:

Members beware! LLC members will be insiders for bankruptcy preference purposes
(DBN)

______________

Litigation:

Benchmark Litigation Recommendations:

National firms, National rankings, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, DC, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

When Preservation Requests Are Wielded as Weapons
(DBN)

______________

Municipalities:

The Politics of Municipal Bankruptcy
(DBN)

Bankruptcy might be Detroit's only option, experts say --- Legacy costs cut options --- Burden: $19,000 per resident
(DBN)

Detroit in a hostile takeover bid?
(DBN)

Detroit does not need an emergency manager --- State orders financial review --- Why state acted: 'Time is running so short' for Detroit
(DBN)

Is bankruptcy the only answer?
(DBN)

Bing's $220 million blunder
(DBN)

Detroit mayor should return to his own playbook --- Does Bing know best?
(DBN)

Detroit financial end-game elicits anger, divisive imagery --- Us vs. them won't cut it
(DBN)

Detroit's fiscal crisis would end if people just paid their taxes
(DBN)

Saving Detroit By Handing It Over To Houston
(DBN)

Pennsylvania court approves Harrisburg receiver
(DBN)

City Council majority "looks forward" to working with Harrisburg receiver
(DBN)

Jeffco bankruptcy case hits deadline for filing briefs
(DBN)

Remember the last time Jefferson County officials said they could run county's sewer system?
(DBN)

Is Nevada recovering? Depends who you ask
(DBN)

Municipal Distress: Slow-Moving But Inevitable
(DBN)

The 10 Worst Run States In America
(DBN)

Calif: Lawmakers Give Up Free Cars
(DBN)

______________

Insurance:

Is Your Management Liability Policy What It Should Be?
(DBN)

FDIC Motion to Intervene in IndyMac D&O Coverage Litigation Denied
(DBN)

______________

Pensions

Pensions for American Airlines workers, retirees may be cut
(DBN)

PBGC could get biggest pension loss from American Airlines
(DBN)

______________

Hotels:

Hotels: Occupancy Rate increases 3.4% year-over-year, "full recovery still far away"
(DBN)

______________

Banking:

Fed’s Stress Tests Won’t Fix a Flawed Financial System
(DBN)

Pippa Middleton's New Man
(DBN)

SocGen says asset-sale process ongoing
(DBN)

Fitch: Stiffer Penalties, Litigation Risk Could Pressure Banks
(DBN)

______________

Credit Reporting:

A Credit Score That Tracks You More Closely
(DBN)

______________

Baseball:

Magic Johnson looking to buy the Los Angeles Dodgers --- Teams With Guggenheim's Walter
(DBN)

Mark Cuban And Magic Johnson Could Use TV Rights To Finance Purchase Of Dodgers
(DBN)

Big Names Continue To Emerge As Groups Gather To Bid For Dodgers
(DBN)

Bankrupt Dodgers Will Benefit From Robust TV Marketplace
(DBN)

FOX seeks to depose Selig, McCourt
(DBN)

_____________

Bankruptcy Preparers:

Courts wisely take action on bankruptcy preparers --- Judges tired of preparer misconduct
(DBN)

______________

Sovereigns:

Guess Which Country Has Debt Of Nearly 1000% Of GDP
(DBN)

5 Major Economies That Will Accelerate In 2012
(DBN)

______________

UK:

Call for wrecking ball at Battersea Power Station
(DBN)

Lloyds bank 'may claw back former boss's £1.4m bonus' ‎
(DBN)

Blacks in Talks With Distressed Debt Firms
(DBN)

Some Banks Overdraft Fees Hit 800,000%
(DBN)

Zombie Companies - Has the Chancellor missed a trick?
(DBN)

Welcome to the living dead economy
(DBN)

UK services sector grows but recession threat remains --- Fails to create more jobs --- Five Compete for Each Financial Job in London
(DBN)

A&O, Clydes and Centrica among winners at British Legal Awards 2011
(DBN)

Appointment of Administrators - 2 December 2011
(DBN)

______________

EU:

European Leaders Look to I.M.F. for Assistance, Again, as Euro Crisis Lingers
(DBN)

Merkel, Sarkozy seek deal to save the euro
(DBN)

Decision time for EU, with euro's future at stake
(DBN)

The Big Central Bank Intervention Serves Only To Prolong Europe's Debt Crisis
(DBN)

The Game Of Chicken Is Almost Over
(DBN)

Why This Next Week Is Going To Be Massive For Europe
(DBN)

Market left guessing on senior debt grandfathering
(DBN)

Geithner to urge Europe leaders to take action
(DBN)

Germany open to ESM changes if budget rules tightened
(DBN)

German finance minister details debt fund plan before EU summit
(DBN)

Germany Would Move 500 Billion Euros of Debt Into Fund
(DBN)

The Man Who Created The Euro Says The Currency Has One Major Flaw
(DBN)

The Four Horsemen of the Europocalypse
(DBN)

______________

PIIGS:

Papandreou Says EU Regulators Share in Greek Debt Crisis
(DBN)

Troika set to return as haircut talks get ‘complicated’
(DBN)

Greece to default within 5 years?
(DBN)

Greek Haircut Was a “Terrible Mistake” – ECB’s Orphanides Says
(DBN)

Greek ‘Guru of Fashion’ Lakis Gavalas Arrested for Tax Evasion
(DBN)

Temporary Greek Property Tax Surcharge May be Permanent
(DBN)

ie: US judge agrees to Drumm Dublin home sale
(DBN)

Ireland's Most Iconic Hotel In Receivership
(DBN)

Monti set to present €24bn budget to avoid bankruptcy --- Unions Immediately Oppose
(DBN)

Italian Yields Are Collapsing
(DBN)

Seat buys time to strike debt deal after default
(DBN)

Fiat CEO: Nothing Works if Debt Crisis Worsens
(DBN)

The Pain in Spain
(DBN)

______________

Canada:

Seaquest investors desperately seek millions in assets
(DBN)

Canada bankruptcy may hurt Islamic finance in North America
(DBN)

______________

Germany:

Manroland secures debtor-in-possession financing
(DBN)

Manroland split-up likely - insolvency administrator
(DBN)

______________

Australia:

The Great Australian Boom Period Is Coming To An End
(DBN)

______________

Russia:

Audience applauds as Khodorkovsky film raps Putin
(DBN)

______________

Japan:

Contaminated water found leaking at Japanese nuclear plant
(DBN)

______________

China:

China's Thin Margin for Error in Property Policies
(DBN)

______________

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