February 10, 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:

NY Firm Goes for Broke, Adds Bankruptcy Trio
(DBN)

SNR Denton Names New Bankruptcy Partner
(DBN)

Harvey Miller Interview on GM, Lehman Bankruptcy
(DBN)

Bonus Watch: MoFo Admits New York Is Still Too Early To Call
(DBN)

Bonuses? Yes. Future? None.
(DBN)

New Solution To Associate Woes: A Harvard Accounting Class
(DBN)

Winter Brings Blizzard of Troubles for National Firm
(DBN)

How Extensive Will the FDIC's Claims Against Failed Banks' Outside Professionals Be?
(DBN)

FDIC Sues Law Firm for $6M, Says Partner Closing Loans for Bank Concealed Critical Info
(DBN)

Firm Wins, Another Loses in Malpractice Melee
(DBN)

Cadwalader Sued Over Advice on Bank's Fee in Six Flags Proxy Fight
(DBN)

MegaFirm's Profits Surge
(DBN)

Reed Smith Profits, Revenue Grow in 2010
(DBN)

Revenue Flat, Profits Down for Covington
(DBN)

Barlows sets sights on global market with new growth plan
(DBN)

BoA Merrill and Credit Agricole unveil coveted legal panels
(DBN)

Partner exits expected as Camerons conducts internal restructuring
(DBN)

BigLaw Strategy Memo Backfires, NY Judge Blocks Plan to Cash In on Billions
(DBN)

Is Law School Losing its Mojo?
(DBN)

Small Firms, Big Lawyers: How I Became a Small-Firm Lawyer
(DBN)

Another iPad App for Trial Presentation
(DBN)

Documents in FOIA Requests Must Be 'Searchable,' Federal Judge Rules
(DBN)

Free Videoconferencing Solutions for Mac-Using Attorneys
(DBN)

Thomson Reuters 4Q Profit Jumps 24 Percent
(DBN)

ABA President Urges HUD to Drop Requests for Waivers of Attorney-Client Privilege
(DBN)

Hearings on Cash-Strapped Courts, Ethics in Global Legal Marketplace Kick Off ABA Midyear Meeting
(DBN)

Lawyer, 87, Wants Heart-to-Heart Talk with the ‘Son of a Gun’ Who Attacked Him
(DBN)

Texas Law Firm Includes New Boots With Partnership
(DBN)

Jilted Super Bowl Ticket-Holders Sue Jerry Jones, NFL.
(DBN)

Super Bowl Temporary Seating Contractor Walked Off The Job
(DBN)

NFL Sweetens Offer to Jilted Super Bowl Fans as Lawyer Sues and Lawsuit Websites Proliferate
(DBN)

Anybody Else Getting Sick of These Disgruntled ‘Seatgate’ Super Bowl Fans?
(DBN)

Are Some NYU Law Professors Allowed to Submit Grades Later Than Others?
(DBN)

Tuition at Stanford Law School Goes Up Dramatically Because School Was ‘Underpriced’
(DBN)

Man Appeals Dismissal of "Traumatic S-- Act"
(DBN)

______________

Judges:

‘Cash For Kids’ Trial Kicks Off in Scranton
(DBN)

Judge Accused of Courthouse Gun Display, Home Invasion in Far-Reaching Ethics Complaint
(DBN)

Public Hearing on Judiciary Funding Draws Tales of Courts Begging for Pens, Jury Trials Halted
(DBN)

Judge Rushed Murder Case Summation to Get to St. Maarten for Pina Coladas?
(DBN)

______________

Wall Street:

Stock index futures seen lower on earnings
(DBN)

Brace For An Ugly Day, Because Everything Is Heading Down
(DBN)

European Stocks Decline for Third Day; Air France, Credit Suisse Lead Drop
(DBN)

Dow ends higher for 8th-straight day
(DBN)

Market slips in pause after big run-up
(DBN)

Goldman Sachs Isn't Scared Of The Volcker Rule At All
(DBN)

Global Stock Exchanges Headed for Major Consolidation
(DBN)

______________

Layoffs:

Bernanke Presents Grim Metrics for Job Growth
(DBN)

Job Openings are Falling Again
(DBN)

What's the Real Unemployment Number?
(DBN)

A Perfect Example Of How Weather Can Effect An Unemployment Report
(DBN)

Academics challenge Fed to create real jobs this time around
(DBN)

Billions spent on job programs without knowing if they work
(DBN)

10 Iconic American Factories That Have Closed In The Past Two Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

JPMorgan Chase Denies Complicity In Madoff Ponzi Scheme
(DBN)

JPMorgan to Madoff trustee: Back off!
(DBN)

JP Morgan: Move Picard's 'Backdoor Class Action' to District Court
(DBN)

JP Morgan seeks jury trial in Bernard Madoff lawsuit
(DBN)

Why Is JPMorgan Requesting A Jury Trial?
(DBN)

Wait A Minute--Why Should I Hate Bernie Madoff?
(DBN)

Wilpon Opened 65 Madoff Accounts With JPMorgan And Bank Of America's Support
(DBN)

The Wilpons have more than just the bankruptcy trustee to worry about
(DBN)

Outside lawsuits against Madoff relatives blocked
(DBN)

Ex-Financial Adviser Starr Seeks Five-Year Sentence in Fraud
(DBN)

Prosecutors: Juror Questionnaire Unnecessary In Rajaratnam Case
(DBN)

The fabulous life of hedge funder Donald Longueuil (before he got arrested for insider trading)
(DBN)

Ex-SAC Capital Manager Freeman Said Tips Came From U.S., Taiwan
(DBN)

On Insider Trading . . . and Shredding and Smashing and Purging
(DBN)

Alleged Ponzi Schemer Loses Insurance Claim
(DBN)

Hecker's path to prison: How broke he wasn't
(DBN)

______________

Accounting:

Strength in Numbers: The House Gets a CPA Caucus
(DBN)

______________

Food/Drink:

Owner of KFC sites files for bankruptcy
(DBN)

______________

Celebs:

Sale pending on Newport 'Housewife' mansion
(DBN)

5 Celebrities Who Don't Pay Taxes
(DBN)

______________

Hotels:

Foreclosure process begins anew at Hotel Utica
(DBN)

Best Western auction called off
(DBN)

______________

Retailing:

Comptroller's office steps into Lack's bankruptcy case
(DBN)

______________

Video Rentals:

Hearing set in Blockbuster Chap. 7 conversion motion
(DBN)

______________

Mail:

Postal Service Warns of Default Over Losses
(DBN)

______________

Economy:

Bernanke grilled on inflation threat at House budget hearing
(DBN)

House GOP Spending Cuts: The List
(DBN)

Bernanke Warns Against Steep Budget Cuts
(DBN)

Harvard Economists Prove that Bankruptcy is Mythical
(DBN)

Paul calls Fed's Bernanke "cocky" in House hearing
(DBN)

Republicans call $53B rail plan 'insanity'... Amtrak a 'Soviet-style train system'
(DBN)

President's Approval Rating on Deficit Sinks to New Low
(DBN)

Geithner: Weak housing, unemployment stifle economic recovery
(DBN)

Geithner Offers Optimistic Outlook for Recovery
(DBN)

Geithner: Debt Ceiling Will Be Raised
(DBN)

IMF `In Awe' of Rich Nations Missed Coming Crisis, Audit Says
(DBN)

Conservative groups back bill to defund remaining stimulus
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing back to pre-bubble prices
(DBN)

A Young Lawyer's Fight To Save The Homes Of Low-Income Families
(DBN)

New Questions Raised in Mortgage Financing
(DBN)

U.S. home values post largest quarterly decline in 2 years
(DBN)

Home Value Drop Leaves 27% of US Mortgages Underwater
(DBN)

54% of Metro Atlanta Mortgages Under Water
(DBN)

70% of Phoenix mortgages under water
(DBN)

Phoenix Homes Could Dip to $100,000
(DBN)

Foreclosures account for 43% of Phoenix home sales in January
(DBN)

California plans $2-billion program to help distressed homeowners
(DBN)

Foreclosure filings down 17% in January as reviews continue
(DBN)

Foreclosures are falling - but it's a fake out
(DBN)

HAMP and other housing programs may be cut from federal budget
(DBN)

Fact du jour, mortgage loan mod edition
(DBN)

Foreclosure practices court hearing postponed a third time
(DBN)

Congress could crack down on mortgage lenders preying on troops
(DBN)

JP Morgan Apologizes For Military Foreclosures As Lawmakers Weigh Fixes
(DBN)

Florida AG investigating three more foreclosure law firms
(DBN)

MA: Late to the foreclosure party?
(DBN)

LPS Document Scheme Easy Target for CFPB Enforcement
(DBN)

Republicans: Halt taxpayer aid for Fannie, Freddie
(DBN)

Bipartisan support for scrapping Fannie, Freddie draws criticism
(DBN)

What's Next For Fannie, Freddie? Hard To Say
(DBN)

Freddie Official Says He Has No Duty to Shareholders
(DBN)

How Buying a Home Is Likely to Change
(DBN)

White House Plans Phase-Out of Fannie, Freddie
(DBN)

Two things that likely will be missing from the Treasury's GSE report
(DBN)

More than Fannie, Freddie block return of private mortgage market
(DBN)

Obama to outline options for future of Fannie Mae and Freddie Mac
(DBN)

Bankers urge government to release GSEs, create bad bank
(DBN)

Bernanke: Lagging real estate drags down investments
(DBN)

Freddie's Operating Chief Resigns
(DBN)

Banks Could Face $60 Billion Tab on Bad Mortgage Loans
(DBN)

How Fannie, Freddie Let the Banks off Easy
(DBN)

NAMB applauds House committee probe on mortgage broker pay
(DBN)

St. Joe Explores Sale
(DBN)

Creditor urges judge to allow sales at Trevor Davis project
(DBN)

Homebuilders Undermined by Cost of Construction Boom's Flaws
(DBN)

Landlord Miell loses bid to have trustee removed from his bankruptcy
(DBN)

REIT Group Calls Calpers’ Proposed Strategy ‘Ill-Advised’
(DBN)

Trial set for Cedar Funding mortgage broker
(DBN)

Commercial Real Estate prices increased slightly in December
(DBN)

____________

Mass Torts:

Department of Justice Urges Feinberg Not to Consider BP's Bottom Line
(DBN)

Class of BP Oil Spill Claims Adjusters Wants Back Wages and Overtime Pay
(DBN)

______________

Municipalities:

Flight Slows From Municipal Bond Funds, Investment Company Institute Says
(DBN)

S&P downgrades NJ credit rating
(DBN)

Sale of Calif. State Buildings Canceled
(DBN)

California Should Learn from Tx. Budget Crisis
(DBN)

Bobb asks state to bar DPS from filing for bankruptcy
(DBN)

DPS' Bobb seeks legislation to ease concerns of bond insurer
(DBN)

New bill calls for new rules in Michigan communities facing bankruptcy
(DBN)

Bankrupt Reasoning: The Facts of State Bankruptcy
(DBN)

Bailout, bankruptcy not popular words at hearing on state debt
(DBN)

House set to explore emergency finance manager law
(DBN)

Legislators talk bankruptcy
(DBN)

Congress warned over states' bankruptcies
(DBN)

Analysis: The Hearings on the State Debt Crisis
(DBN)

The bumpy road ahead for munis
(DBN)

House GOP Fears 'Looming Fiscal Crisis' for States
(DBN)

Did Obama Just Come Up With A State Bailout That The GOP Can't Oppose?
(DBN)

Lawmakers oppose federal bailout for states
(DBN)

The metamorphosis of the muni market
(DBN)

America's Dying Cities
(DBN)

Advocates Push Gay Marriage as State Budget Solution
(DBN)

Texas sales tax revenue up from year ago
(DBN)

______________

Banking:

Should Banks Have Bankruptcy Protection?
(DBN)

Ship of Knaves
(DBN)

Washington Mutual Eyes Second Chance At Chapter 11 Exit
(DBN)

Reuters: WikiLeaks BofA Documents a "Dud"?
(DBN)

The Secret Document That Banks And Other Big Organizations Are Using To Prepare For Wikileaks
(DBN)

Wells Fargo CFO Atkins May Receive $22 Million After Resigning
(DBN)

______________

Ethanol:

Ex-owner of Neb. ethanol plant sues over explosion
(DBN)

______________

Golf:

Bankruptcy looms for Sunset Ridge
(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)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Insurance:

AIG expects 4Q charge of $4.1B for loss reserves
(DBN)

Is AIG Plucking $2 Billion Out of Uncle Sam's Pocket?
(DBN)

______________

Corporate Reform:

Fed Moves to Label 'Systemically Important' Nonbank Firms
(DBN)

Wall Street Justice Means Nobody Gets Pinched
(DBN)

Republicans Fire First Shots in the War over Regulation
(DBN)

Barney Frank pushes back against FCIC dissenter Peter Wallison
(DBN)

Why The Republican Attack On "Job-Killing Regulations" Is Absurd
(DBN)

______________

Avoidance Actions:

Attorneys Beware! Good Faith Required for “Mere Conduit” or Control Exception to Initial Transferee Liability
(DBN)

______________

Plan Confirmation:

DBSD North America: The Second Circuit Holds That You Can Look a Gift Horse in the Mouth
(DBN)

______________

Bankruptcy Poetry:

Chapter 2011
(DBN)

Super Bowl
(DBN)

______________

Compensation:

Credit Suisse Cuts Bonus Pool More Than UBS With 25% Drop in Variable Pay
(DBN)

______________

Religion:

South Florida Hasidic Synagogue Files for Chapter 11
(DBN)

No Blessing for Bracha as Synagogue Hits Snag
(DBN)

Clergy abuse in Delaware: Unsettled claims to be pursued
(DBN)

Court filing offers rare look at Milwaukee archdiocese
(DBN)

______________

Autos:

GM: China Sales Hit Record in January
(DBN)

Nissan's Profits Jump 78%
(DBN)

______________

Rating Agencies:

SEC to Wean Markets off Credit Ratings
(DBN)

______________

Health Care:

Cosmetic Surgery Rebounds Along with Economy
(DBN)

Lawsuit claims conflicts of interest led to bankruptcy of Clarksville medical center
(DBN)

Judge appoints independent fiduciary for Shawnee Hills retirement plan
(DBN)

Delay of State Money for Merger May Force a Hospital in Brooklyn to Close
(DBN)

______________

Tax:

IRS Uses Snitches to Uncover Tax Fraud
(DBN)

______________

Finance:

Banks bring back bubble-era terms for corporate loans
(DBN)

______________

Oil/Gas:

The World Is About To Hit Its Oil Price "Recession Threshold"
(DBN)

______________

Hollywood:

David Bergstein's three remaining companies forced into bankruptcy
(DBN)

______________

UK:

U.K. to Increase Bank Tax
(DBN)

Bank of England Keeps Rates Unchanged
(DBN)

Appointment of Administrators - 9 February 2011
(DBN)

Winding Up Petitions - 9 February 2011
(DBN)

Corporate Recovery & Insolvency Update
(DBN)

North-east distressed deals drop by one third
(DBN)

December Manufacturing Turns Negative
(DBN)

______________

EU:

Belgians Are Revolting - Over Tax This Time
(DBN)

Weber's Withdrawal Opens ECB Race Amid Debt Crisis
(DBN)

______________

Canada:

McGuinty should just be honest with voters and declare bankruptcy
(DBN)

______________

Germany:

German Business Insolvencies Decrease In November
(DBN)

______________

Egypt:

Egypt's foreign minister bristles over US call for prompt transition
(DBN)

Egypt regime warns of crackdown
(DBN)

With Egypt -Fever, Are Any Dictators Safe?
(DBN)

Pinochet model for Mubarak
(DBN)

Beyond Tahrir Square, a turning point for Egypt awaits
(DBN)

Tahrir Square Becomes Home to Tent-Builders Set to Stay Until Mubarak Goes
(DBN)

Egypt Foreign Minister Warns of Military Intervention
(DBN)

How Rich is Hosni Mubarak?
(DBN)

Saudis Told Obama 'not To Humiliate Mubarak'
(DBN)

Egypt's Working Class Joins Revolt
(DBN)

______________

PIGS:

Ireland warned of impact of ‘haircuts’
(DBN)

Ireland 'Needs EU Help With Banks'
(DBN)

Merrill changed an analyst's research report after Irish banks flipped out
(DBN)

Soaring debt pushes Portugal towards bailout
(DBN)

______________

Czech Republic:

Sazka proposes rejection of Vítek's insolvency
(DBN)

______________

Middle East:

10 Saudi Banks File Claims for $2.4 Billion From Algosaibi Family Company
(DBN)

______________

 

 

 

 

Please note that The Daily Bankruptcy News is primarily a 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-lumn 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 2010