February 14, 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:

Bonus Watch: Skadden Matches the Cravath Spring Bonuses
(DBN)

Bonus Watch: Davis Polk Matches the Cravath Spring Bonuses
(DBN)

Future of Law Panel: Change With the Times or Find Another Line of Business
(DBN)

Survey of Law Firm Economics, General Counsel Edition: All's Not Well in Law Firm Land
(DBN)

Boies and Panel Agree Firms Should Take the Plunge Into Value Billing
(DBN)

Alternative fees are not the enemy
(DBN)

Stephen Susman on Hiring
(DBN)

This Is Howrey Do It: Partner Departures and Other Updates
(DBN)

Linklaters faces £115m Credit Suisse claim over Parmalat advice
(DBN)

Rise in Revenue, Profits for King & Spalding
(DBN)

Bingham has another year to write home about in UK
(DBN)

Dentons accounts show partnership shrank 15% in year before US tie-up
(DBN)

Some Camerons Partners Asked to Leave, Others Demoted
(DBN)

A&O 'near shoring' deal shakes up template for reforming back-office functions
(DBN)

Proof That the Legal Job Market Still Sucks
(DBN)

Kiss Your Legal Job Goodbye: Maintain Connections
(DBN)

When Is a Lawyer Worth $5 Million?
(DBN)

Legal Profession Ranks 10th for Happiness, Jobs Website Says
(DBN)

How Lawyers Can Transition From Buddy to Boss
(DBN)

Raid on Clark Thomas Lures 8 Lawyers to New Texas Office of Midsize Minn. Firm
(DBN)

AI: Why 'Watson' matters to lawyers
(DBN)

Pls Hndle Thx: Do You Need to Take a Bar Review Course?
(DBN)

"Where's the best place in this town to get some crack?"
(DBN)

Commonwealth v. Ung: The Other Side of the Story
(DBN)

Are There Any Egyptian Constitutional Scholars in the House?
(DBN)

Litigation Finance Cos. Make a Case for Their Industry to Ethics 20/20 Commission
(DBN)

ABA Young Lawyers Want Law Schools to Provide Better Jobs, Salary Data Up Front
(DBN)

Where Have You Gone, Atticus Finch?
(DBN)

Are In-House Counsel Living in Sin?
(DBN)

You’re My Huckleberry, I’m Your Jim :)
(DBN)

Oregon Attorney’s Documentary Makes the Sundance Cut
(DBN)

Taco Bell Thinks Outside the Litigation-Defense Bun
(DBN)

______________

Judges:

"Maybe, just maybe, we should to do away with those robes"
(DBN)

Sometimes, Justice Can Play Politics
(DBN)

Pa. Supreme Court Upholds Its Own Suspension of Allegedly ‘Nasty, Rude, Erratic, Strange’ Judge
(DBN)

Meet Travis Laster, Unusual Delaware Chancery Judge Who Focuses on ‘Darker Underside’ of Cases
(DBN)

How to end the judicial nomination blockade in Congress
(DBN)

Clarence Thomas Keeps 5-Year Supreme Court Silence
(DBN)

Thomasson: Ginny Thomas puts her husband at risk
(DBN)

Why judges should butt out of the fight over health care reform\
(DBN)

A guarded fund firm’s veil slips off
(DBN)

Access to justice becoming a privilege of the rich, judge warns
(DBN)

Rule Would Address Campaign Donations and Case Assignments
(DBN)

Makeover Urged for Federal Court Sites
(DBN)

______________

Wall Street:

US futures steady after last week's gains
(DBN)

The decline of the public stock market
(DBN)

Wall Street Continues to Tinker With Pay
(DBN)

Blankfein Sought Government's Blessing on Goldman Sachs Pay, Feinberg Says
(DBN)

The Ominous Undertone of Stock Rallies
(DBN)

Goldman Sachs Former Chief Whitehead Says NYSE Deal `An Insult'
(DBN)

______________

Layoffs:

Who’s Unemployed?
(DBN)

Area Illusion
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Borders heads towards bankruptcy
(DBN)

Borders Could File for Bankruptcy This Week
(DBN)

Borders' Woes Help E-Books
(DBN)

Chapter 11 for Borders, New Chapter for Books
(DBN)

Outlet mall plans tied up in bankruptcy court
(DBN)

Ex-Ultimate employee sues over failure to give notice of firing
(DBN)

______________

Municipalities:

Bankruptcy law for states could carry risk, bring opportunity
(DBN)

State bankruptcy should be real option
(DBN)

Bankruptcy for states and cities a bad idea
(DBN)

Restructuring Professionals Say 'No' to State Bankruptcy
(DBN)

Utah Governor Weighs In on State Bankruptcy Debate
(DBN)

From a Gingrich Aide - A State Bankruptcy Option
(DBN)

State bankruptcy may not turn out as Gingrich wants
(DBN)

Pension Bill Irks Experts
(DBN)

TMA Poll: U.S. Bankruptcy Law Chorus Is Off-Key
(DBN)

Is it time for LA officials to start cutting programs, reducing workforce?
(DBN)

Detroit Schools Manager Sees Crisis Deepen
(DBN)

Republicans Beat Unions With Pension 'Fright,' Fund Lawyer Says
(DBN)

California scores high on new misery index
(DBN)

The Last Company Town
(DBN)

States Aim Ax at Health Cost of Retirement
(DBN)

______________

Hotels:

Owner of unfinished Wyndham hotel files for bankruptcy
(DBN)

______________

Video Rentals:

Who Would Buy Blockbuster?
(DBN)

Carl Icahn Really Really Wants To Buy Bankrupt Blockbuster
(DBN)

Blockbuster Bid by Billionaire Carl Icahn Looks Like a Loser, Analysts Say
(DBN)

______________

Academia:

Live-Blogging the Big-Bankruptcy Empirical Research Agenda: Nothing Succeeds Like Success
(DBN)

Live-Blogging the Big-Bankruptcy Empirical Research Agenda (2): Defining Terms
(DBN)

Big-Bankruptcy Empirical Research Post-Op (3): Jack-knife Fights and Pencils in Zimbabwe
(DBN)

_____________

Economy:

Philly Fed Survey Upgrades 2011 Assessment
(DBN)

Obama Unveils $3.73 Trillion Budget for 2012
(DBN)

Deficit Expected to Jump to $1.65 Trillion
(DBN)

Geithner Quietly Tells Obama Debt-to-GNP Cost Poised to Increase to Record
(DBN)

U.S. Economy: Sentiment Climbs to Eight-Month High
(DBN)

Boehner warns: 'We're broke' as Obama plans to increase speed of spending cuts to $1.1trillion
(DBN)

GOP Would Slash EPA, WH Energy Office
(DBN)

Eat the Future
(DBN)

Don’t Cut You, Don’t Cut Me
(DBN)

Obama May Limit Tax Breaks for Rich
(DBN)

Medicare Recipients Against Handouts
(DBN)

$1.30 > $1.00
(DBN)

Roubini's Next Crisis Makes Food for Thought
(DBN)

Fed's Plosser: US Deflation Risk Gone
(DBN)

China Replaced Japan in 2010 as No. 2 Economy
(DBN)

Debt is New 'Red Menace'
(DBN)

America's Hottest Export: Weapons
(DBN)

National Economic Stress Level Rose Slightly in December
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Imagine US without Fannie and Freddie
(DBN)

Housing Crash Is Hitting Cities Once Thought to Be Stable
(DBN)

Obama and Housing - Is Anybody Home?
(DBN)

Housing: For many cities "another season of pain"
(DBN)

Judging Treasury’s housing report
(DBN)

Former Fannie exec: GSE reform doesn't have to take years
(DBN)

Community Bankers say GSE reforms will squeeze out small banks
(DBN)

A Future Without Frannie? Maybe Not
(DBN)

Planning a Better Way Than Fannie and Freddie
(DBN)

Rental Market Gets Respect in Fannie, Freddie Reform
(DBN)

Government’s Overwhelming Role in Mortgages
(DBN)

Servicers, loan insurer stocks soar on Treasury's GSE report
(DBN)

JPMorgan sees some higher costs of borrowing from GSE reform
(DBN)

Republicans applaud end of Fannie and Freddie's market dominance
(DBN)

California's million-dollar home sales on the rise
(DBN)

Foreclosures clog NJ courts
(DBN)

Foreclosures in New Jersey now take an average 849 days
(DBN)

A commendable way to handle foreclosures
(DBN)

Will Chase Be Next To Come Under Fire In The Bank Foreclosure Battle
(DBN)

Hundreds of homes sell at Valley auction
(DBN)

Mortgage default notices slow sharply in January
(DBN)

Homebuilders starting to see glimmers of hope
(DBN)

Carlsbad Company Buys Fanita Ranch In Bankruptcy Sale
(DBN)

Landlord's financial woes doom Grand Prairie tenants
(DBN)

Citigroup settles mortgage cases
(DBN)

The Top Sellers of U.S. Office Buildings in 2010
(DBN)

Former Legal Assistant to Attorney-Judge Gets Probation in Mortgage Fraud Scheme
(DBN)

_____________

Avoidance Actions:

In re TOUSA Quashed, Literally
(DBN)

Tousa’s Lenders Don’t Have to Return $450 Million
(DBN)

______________

Oil/Gas:

Seahawk Drilling seeks bankruptcy , to sell assets
(DBN)

Obama's Gulf oil permatorium claims first victim in drilling industry
(DBN)

Landrieu slams 'de facto moratorium' amid news of key driller's bankruptcy
(DBN)

Fighting Over Big Oil's $4B Yearly Windfall
(DBN)

Cheap Oil is Gone for Good
(DBN)

______________

Celebs:

UB40 members facing bankruptcy
(DBN)

Prince Andrew's ex-flame Koo Stark goes bankrupt
(DBN)

Court Dismisses Larry Hagman's Ruling Over Citigroup
(DBN)

______________

Media:

Creditor vote advances Tribune bankruptcy plans
(DBN)

Media Is Biggest Sector In 2010 Corporate Defaults
(DBN)

______________

Sovereigns:

Men living with parents results in government bankruptcy
(DBN)

______________

Religion:

Milwaukee Archdiocese accused of moving $130M in face of sex abuse lawsuits
(DBN)

Milwaukee Archdiocese: $75M Transfer Wasn't Meant to Shield Assets
(DBN)

Archbishop Dolan to be deposed over missing sex-abuse settlement funds
(DBN)

______________

Lehman:

Thain Says He Should've `Grabbed, Shaken' Paulson to Aid Lehman
(DBN)

______________

Fraud:

Hedge funds, banks pile into Madoff claims market
(DBN)

Madoff Trustee May Do What Bernie Didn't: Give Victims Profit
(DBN)

Moody's Downgrades Mets' Stadium Debt
(DBN)

Mets owners strapped for cash, answers
(DBN)

Caveat Emptor and the Madoff Ponzi Scheme
(DBN)

Lawsuits reveal few blew whistle on Madoff
(DBN)

Trustee targets Blumenfelds
(DBN)

Raj Rajaratnam Fortifies Defense for Upcoming Inside-Trading Trial
(DBN)

Ex-Minn. auto mogul gets 10 years for fraud
(DBN)

The collapse of Denny Hecker: A timeline
(DBN)

SEC brings fraud charges against three former IndyMac executives
(DBN)

Speaker's NY death highlights assisted-suicide law
(DBN)

Feds: Ex-Pa. drinks maker sold ill-gotten jewelry
(DBN)

Level Global Has An Interesting Definition Of The Word “Integrity,” Notion Of The Age At Which Person Can Still Be Put In A “Time Out”
(DBN)

______________

Banking:

New Fees Could Drive Millions to Leave Banks
(DBN)

______________

Sporting Goods:

Schutt Sports Wins Court Approval of Riddell Settlement
(DBN)

______________

New Bankruptcy Opinions
(3 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)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Insurance:

Insurer Insolvency Can Have A Ripple Effect
(DBN)

State Fund Doesn't Fill Shoes Of Insolvent Insurer
(DBN)

U.S. sues to block Ambac rehabilitation plan-filing
(DBN)

______________

Miscellaneous:

Check Yourself Before You Wreck Yourself: Partial Involvement in a Bankruptcy Case May Cause Parties to Lose Protections Under the Bankruptcy Code
(DBN)

______________

Bankruptcy Statistics:

What Bankruptcy Slowdown? Claims Boomed 400% In 2010
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Finance:

Banks Slashed Small Biz Lending $43B
(DBN)

JPMorgan Is 'Lending Aggressively' to Businesses, Dimon Says
(DBN)

______________

Tax:

IRS Seeks Federal Court Ruling Over Ambac Back Taxes
(DBN)

How Feds Use Snitches to Uncover Tax Fraud
(DBN)

______________

Education:

The Plight of Generation Un
(DBN)

______________

Autos:

GM Plan Improperly Treats Debt, Toxins, Creditors Say
(DBN)

Salaried Workers at Chrysler and GM to Receive Bonuses
(DBN)

GM, Chrysler may award megabonuses
(DBN)

GM disrespects American taxpayers with bonus offers
(DBN)

GM's, Chrysler's white-collar bonuses critical, analysts say
(DBN)

GM, Chrysler managers' bonuses may reach 50% of pay, report says
(DBN)

______________

Corporate Reform:

Consumer Financial Protection Bureau finding its footing
(DBN)

The Big Banks' Battle Against Consumers and Homeowners
(DBN)

SEC taking tougher stance on Wall Street practices?
(DBN)

Why are Half of the FCIC Interviews Being Withheld?
(DBN)

Study: Strict Derivatives Regulation Could Cost 130,000 Jobs
(DBN)

“Project Merlin” Flags a New Phase of the Bankers vs Regulators Showdown
(DBN)

______________

UK:

EMI's pre-pack could be the start of things to come
(DBN)

Hands Interested in EMI for Less Than Citigroup Seeks at Auction
(DBN)

JD Sports backs off as JJB seeks to reach creditors
(DBN)

Appointment of Administrators - 11 February 2011
(DBN)

Winding Up Petitions - 11 February 2011
(DBN)

Taxman challenges Premier League over creditor
(DBN)

______________

China:

China is the world's second largest economy
(DBN)

China's trade surplus drops 53.5% in January
(DBN)

China Plans Panel to Scrutinize Foreigners' Local Acquisitions
(DBN)

China Tightens Reins On Smaller Banks
(DBN)

In China, Tentative Steps Toward Global Currency
(DBN)

______________

Egypt:

Egypt Bills Yield at Two-Year High on Growth Concern
(DBN)

Egypt Crafts Stimulus Plan to Jump-Start Economy
(DBN)

Egypt's military consolidates power: dissolves parliament, suspends constitution ..rejects swift transfer of power
(DBN)

Protesters still won't leave Cairo square
(DBN)

Egyptian Military Vows Road to Democracy
(DBN)

Obama Presses Egypt's Military on Democracy
(DBN)

ElBaradei's Star Already Dimming in Egypt
(DBN)

How the Swiss Froze Mubarak's Bank Accounts
(DBN)

Mubarak Family Holdings Under Investigation by U.K.'s Serious Fraud Office
(DBN)

Hosni Mubarak used last 18 days in power to secure his fortune
(DBN)

Party in New York's 'Little Egypt' With Mubarak's Fall From Power
(DBN)

______________

Middle East:

Algerians Defy Protest Ban
(DBN)

Security forces in Yemen beat protesters
(DBN)

Pro-reform Saudi activists launch political party
(DBN)

Arab Leaders: Crap, We Could be Next
(DBN)

The Simple Reason The Mideast Is Doomed To Uprising After Uprising After Uprising
(DBN)

Mideast Unrest Spreads
(DBN)

______________

Cyprus:

North on brink of bankruptcy
(DBN)

______________

Ireland:

Permanent TSB Fixed Rate Rises Described As 'Shocking'
(DBN)

Ireland's Kenny Wants to Delay to Bank Injections
(DBN)

Sinn Féin Plans Wealth Tax And Bank Debt Restructuring
(DBN)

Martin and Lynch ruined Ireland
(DBN)

______________

Greece:

EU, IMF voice support for Greek government
(DBN)

Greece slams EU, IMF officials after inspection visit
(DBN)

______________

Portugal:

ECB Forced To Buy Portugal Bonds
(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-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