February 15, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Weil Gotshal Plays the Match Game
(DBN)

Bonus Watch: Debevoise Goes Plimpin’ and Matches Cravath Spring Bonuses
(DBN)

Bonus Watch: Paul Weiss Matches the Cravath Spring Bonuses!
(DBN)

Revenue Down, PPP Up at O'Melveny in 2010
(DBN)

Ogletree Deakins Has Better-Than-Expected Year
(DBN)

Jackson Walker Elects New Bankruptcy Partner
(DBN)

Foreclosure law firm lays off nearly half of its staff, after losing Fannie Mae
(DBN)

Amazing Tribute From Son to Joseph Flom
(DBN)

Location, Location, Location?
(DBN)

The $10m question - how long can partner comp buck the global pay race?
(DBN)

Weird Hobby: Matchmaking Lawyers
(DBN)

Define “Commodity” for me … Please
(DBN)

Small Firms, Big Lawyers
(DBN)

Texas Judge Grants Stay in Whistleblower Contempt Case Against Toyota
(DBN)

Did Partner Dispute at Beasley Firm Begin Before or After Barroom Brawl?
(DBN)

In-House: Loving Laterals
(DBN)

Lateral partner hiring doesn't work
(DBN)

Firm Doubles San Fran Office With Group of 14
(DBN)

Eversheds' alliance firm to split from international network
(DBN)

Eversheds kicks off apprenticeship scheme
(DBN)

Plaintiffs Win $8B from Ecuador Court in Environmental Case Against Chevron
(DBN)

Arbitrators Order Ecuador to Suspend Enforcement of Any Judgment Against Chevron
(DBN)

Chevron's Ecuador Judgment May Be `Unenforceable,' Analyst Says
(DBN)

Olswang recruits Reed Smith partner for London restructuring team
(DBN)

Use Your Words, People Who Are Paid Highly for Just That, Not Your Fists
(DBN)

Resume Gets Attorney Suspended
(DBN)

Practice Like a Pro from Your Mom’s Basement
(DBN)

Watson Computer, Making ‘Jeopardy’ Debut, Could Do Associate Research, IBM GC Says
(DBN)

Legal Affairs: Lawyers Guilty of Getting Down in the Office
(DBN)

Hilarious 'SNL' Spider-Man Law Firm Commercial
(DBN)

Advice for ‘Sugar-Mama’ Attorneys and Their Low-Income Male Life Partners
(DBN)

Law Prof’s Job on the Line for Using Hypotheticals Involving Dean’s Murder
(DBN)

Legal Services Corp. Braces for Big Budget Cuts
(DBN)

Stanford Law Dean Explains Why Stanford Law Deserves a Bigger Tuition Hike Than the Rest of the University
(DBN)

The Legal Implications of the “[Non-]Payment of the Remaining Cows Owed the Bride’s Father”
(DBN)

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Judges:

Court Fiscal Crisis Is Structural Crisis, ABA Told
(DBN)

Federal Courts’ Filing System Needs a Revamp, ABA Says
(DBN)

Common Cause Asks Court About Thomas Speech
(DBN)

If New York Faces Apocalypse, Courts Have a Guide
(DBN)

Latest in Bloomberg/Goodman Tussle: Judge Refuses Recusal
(DBN)

Trial Judges Fire Back After Justice's Email Defending $1.9 Billion IT System for Courts
(DBN)

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Wall Street:

US Stock Futures Up As Investors Await Economic Data
(DBN)

Stocks Finished Mixed as Energy Sector Lifts S&P 500
(DBN)

Why the stock market is increasingly irrelevant
(DBN)

The Hottest Power Couples On Wall Street
(DBN)

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Layoffs:

Scary Facts About Job Hunting in America
(DBN)

U.S.' Least, Most Educated Most Likely to Find Jobs in 2010
(DBN)

Court clerk lays off 170 county workers
(DBN)

SF Fed: What Is the New Normal Unemployment Rate?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

House Judiciary Committee Chairman Signals Opposition to Bankruptcy for States
(DBN)

State Bankruptcy Proposal Criticized by Both Parties at Hearing
(DBN)

Try state responsibility, not state bankruptcy
(DBN)

Rep. Frank Guinta discussing Bankruptcy
(DBN)

Municipalities may for first time consider Chapter 9
(DBN)

Could bankruptcy be a viable solution to Camden's woes?
(DBN)

Pension expert says state bankruptcy "no panacea"
(DBN)

Uh-Oh: Illinois Postpones Bond Sale So That Investors Can Hear A Speech By The Governor
(DBN)

Lawmakers resist bankruptcy for US states
(DBN)

SEC makes muni bond disclosure a ‘top priority’
(DBN)

Tiny, troubled water district spent freely
(DBN)

Topinka urges Congress to reject state bankruptcy
(DBN)

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Pharma:

Losses mount at Accentia, Biovest as they emerge from bankruptcy
(DBN)

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Media:

Tribune Seeks to Keep Food Network Stake
(DBN)

Trib bankruptcy plan gains steam
(DBN)

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Food/Drink:

Tavern on the Green, Indiana Restaurant Face Off in Trademark Battle
(DBN)

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Hollywood:

Regent Entertainment - Possible Involuntary Bankruptcy?
(DBN)

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Aviation:

Airlines Are Using Fuel Surcharges
(DBN)

New fees would be $2 billion tax increase on flyers
(DBN)

Airlines 'cancel early and often' tactic pays off
(DBN)

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Mass Torts:

Gulf claims process under fire
(DBN)

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Lehman:

A Different Side to Dick Fuld
(DBN)

Bernanke Said He Would Defend Lehman Actions to His 'Deathbed'
(DBN)

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Resorts:

Singapore Government Offers to Buy Paulson Resorts
(DBN)

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Economy:

Debt now equals total U.S. economy
(DBN)

Deficit is biggest as share of economy since 1945
(DBN)

Revealing Charts About The Current State Of America's Debt Crisis
(DBN)

Republicans quickly reject Obama budget proposal
(DBN)

Republicans Dismiss Obama Budget as Sending US `Down Path to Bankruptcy '
(DBN)

Highlights of the Proposed Obama Budget
(DBN)

Obama’s 2012 Budget Proposal: How It’s Spent
(DBN)

How big is $3.73 trillion? $12,000 from each American
(DBN)

15 Tax Hikes Hidden In Obama's New Budget
(DBN)

Rejected Tax Increases for High Earners Return in Obama's Budget Proposal
(DBN)

Laffer Curve Pays Billions If Obama Just Asks
(DBN)

The Great Abdication
(DBN)

Obama's Wackiest Budget Cuts
(DBN)

What Obama’s Budget Cuts Say
(DBN)

Analysis: $1.5 trillion tax hike over 10 years
(DBN)

'Slow train wreck coming'
(DBN)

The Obama budget: What's NOT in it for you
(DBN)

Justice Department Funding Would Rise
(DBN)

Top gov't watchdog over $700B bailout to resign
(DBN)

Phony Social Security reform arguments: When will media get it?
(DBN)

Clothing prices to rise 10 pct starting in spring
(DBN)

Higher Prices Are Looming, Companies Say
(DBN)

NY Fed Q4 Report on Household Debt and Credit
(DBN)

Signs of Trouble as G-20 Ministers Prepare to Meet
(DBN)

G20 too divided to back tough curbs on speculators
(DBN)

U.S. investors fear muni defaults, job losses: poll
(DBN)

Biofuels Pushing Up World Foods Prices
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

MERS Lacks Right to Transfer Mortgages, Judge Says
(DBN)

Judge Axes Foreclosure, Bans Do-Over, Holds Lawyer in Contempt; Fannie Mae Pulls Files from Firm
(DBN)

FHFA, Fannie set to defend legal fees before House
(DBN)

Housing Market Looks Sickest in Cities That Once Seemed Immune
(DBN)

Large housing inventories to be sold at deep discounts in 2011: DBRS
(DBN)

Distressed House Sales: Highest since early 2009 using Sacramento data
(DBN)

Mortgage interest tax deduction may be in danger
(DBN)

Title insurers fear confusion without strong GSEs
(DBN)

Budget: Fannie, Freddie to cost taxpayers $73 billion
(DBN)

Freddie Mac: Low mortgage rates to remain throughout 2011
(DBN)

Budget proposes more than $1 billion in cuts to HUD funding
(DBN)

Is Obama's Strong Housing Finance Stand for Real or a Political Play?
(DBN)

Inspirada developer appeals bankruptcy ruling
(DBN)

Home values declining in West Michigan
(DBN)

Seattle’s Foreseeable Housing Bust
(DBN)

San Diego County median home price drops 8.7% in January
(DBN)

Orlando home prices at 13-year low
(DBN)

Why Home Prices Are Falling Beyond Bubble Capitals
(DBN)

Cardoza angry with Obama, Pelosi on foreclosure crisis
(DBN)

New York City Foreclosure Volumes Plummet Thanks to October Ruling
(DBN)

Caught in the subprime vise
(DBN)

Fed Gov. Raskin: Regulatory Review Has Found 'Widespread Weaknesses' In Servicing
(DBN)

FCIC prepares to share evidence with House committee
(DBN)

Florida county makes emergency declaration over economy
(DBN)

Moody's CMBS delinquency tracker tops 9% for first time
(DBN)

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Retailing:

Borders moves toward bankruptcy: Are bookstores going away?
(DBN)

Borders eyes store closings and liquidations: sources
(DBN)

Oriental out of bankruptcy
(DBN)

Ultimate Electronics going out of business, closing all stores
(DBN)

______________

Building Supplies:

Xteriors files for Chapter 11 bankruptcy
(DBN)

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Autos:

Hedge Funds Oppose Old GM's Liquidation Plan
(DBN)

Delphi's salaried retirees lose congressional backer in Craigslist scandal
(DBN)

GM to pay more than $400 million in worker bonuses
(DBN)

GM hourly workers may get $4000 bonuses
(DBN)

GM Bonuses for Line Workers Biggest Ever
(DBN)

Canada's General Motors workers to get up to 16 per cent of salary in bonuses
(DBN)

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Tax:

I.R.S. Takes on Tax Abuse by Charity Support Groups
(DBN)

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Accounting:

Vault Survey: 47% of Accountants Have Had an Office Romance
(DBN)

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Sports:

Beer Buyer Is Smarter Than Goldman Banker
(DBN)

______________

Chemicals:

Tronox emerges from bankruptcy after two years
(DBN)

______________

Oil/Gas:

Company says permit barriers forced bankruptcy , sale
(DBN)

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Finance:

Judge OKs Advanta liquidation
(DBN)

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Debt Collection:

Collecting on debts: Bill goes too far for N.C.
(DBN)

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Hotels:

Suit seeks foreclosure on Unity House-owned hotel
(DBN)

______________

Credit Cards:

Valentine’s Day Emergency: Amex Concierge Fails, Visa Signature Concierge Impresses
(DBN)

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Banking:

Junior debt in line for Moody’s downgrade
(DBN)

Appaloosa Buys Bank of America, Citigroup Shares
(DBN)

Buffett Dumps Bank of America
(DBN)

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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)

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Insurance:

IRS Criticizes Wisconsin Insurance Commissioner In Ambac Case
(DBN)

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Corporate Governance:

A "Global Guide" to Directors' Liability and Indemnification
(DBN)

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Miscellaneous:

Gift Plans, Madoff-Wilpon, Blockbuster, Trico: Bankruptcy
(DBN)

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Bankruptcy Statistics:

In WNY, bankruptcy continues to decline
(DBN)

Phoenix-area bankruptcy outlook improves
(DBN)

Personal bankruptcy filings in Colorado rose 17.2% last year
(DBN)

Business bankruptcy filings fall in Colorado
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Avoidance Actions:

TOUSA Reversed: Victory for the Capital Markets and Rescue Financings
(DBN)

______________

Corporate Reform:

Dodd-Frank Ready for Congressional Close up
(DBN)

Consumer Agency Sees Need For $329 Million From US Fed In 2012
(DBN)

Misleading “Research” From The Chamber Of Commerce
(DBN)

______________

Personal Finance:

Give Your Valentine the Gift of Bankruptcy?
(DBN)

______________

Religion:

Sex suit names Philadelphia Archdiocese
(DBN)

______________

Celebs:

Olympic hero Derek Redmond declared bankrupt again
(DBN)

______________

Fraud:

Some wonder if Solomon Dwek has become a liability in trials
(DBN)

Prosecutors want 15 years for Ponzi operator
(DBN)

New York Hedge Funds Strike Back In Rothstein Suit
(DBN)

London trader jailed for Ponzi scheme
(DBN)

Darren Berg and other people's money
(DBN)

Stanford Ponzi Scheme Investors Fight for Assets
(DBN)

Next Up In The Insider Trading Investigation: $3.5 Billion Coatue Management
(DBN)

Goldman’s Tourre Shouldn't Face SEC Lawsuit, His Lawyers Say
(DBN)

______________

Shipping:

Korea Line says in court receivership
(DBN)

______________

UK:

UK inflation jumps to 4pc, double the target
(DBN)

King Says Inflation Surge Temporary, Outlook Uncertain
(DBN)

PwC restructuring partner joins KPMG
(DBN)

Britons spend more than a month paying back loan interest
(DBN)

JJB To Shut More Shops In Bid To Keep On Running
(DBN)

Appointment of Administrators - 14 February 2011
(DBN)

Winding Up Petitions - 14 February 2011
(DBN)

'UK Madoff' jailed for eight years in £14m scam
(DBN)

______________

EU:

European Officials Want to Expand Bailout Fund
(DBN)

Pamplona To Take KCA Deutag With Record Cash Injection
(DBN)

Euro-Zone Growth Weaker Than Expected
(DBN)

______________

Canada:

Insolvencies on the rise
(DBN)

Creditors plan final battle over General Chemical
(DBN)

______________

Germany:

WestLB Gets Bids As Revamp Deadline Looms
(DBN)

Euro Gains as German Investor Confidence Rises for Fourth Month
(DBN)

______________

Ireland:

Irish Bailout Hits Snags
(DBN)

Drumm had 20 to 25 bank accounts
(DBN)

Anglo lawyers question Drumm, keep video evidence
(DBN)

Rating Agency Downgrades Unsecured Bank Debt
(DBN)

Irish Bond Haircuts: Too Little, Too Late
(DBN)

Anglo Irish reorganization triggers US fund suit
(DBN)

______________

Switzerland:

Swiss make life a bit more difficult for despots
(DBN)

Freezing Mubarak Assets Shows How Switzerland Fights Image of Dirty Money
(DBN)

______________

Romania:

Evolution of the insolvency law during the economic downturn
(DBN)

______________

Africa:

Banks lose in biggest bankruptcy in years
(DBN)

______________

Greece:

Athens in EU-IMF dispute over privatisation
(DBN)

______________

Australia:

Griffin owner collects millions in fees despite collapse
(DBN)

______________

Japan:

BOJ tones up economic optimism, keeps rates on hold
(DBN)

______________

PIIGS:

The PIIGS Just Got Their Dream Bailout Package While Merkel Sulks On The Sidelines
(DBN)

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