February 16, 2011

The Daily Bankruptcy News

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Law:

Hunton & Williams Gets WikiLeaked
(DBN)

Freshfields announces first-ever spring bonuses for US associates
(DBN)

How Low Can They Go? - Weil: "Their bid was one-third of ours. We just couldn't do that."
(DBN)

Bonus Mania: Freshfields, Cadwalader…. Where Will It End? Could Your Firm Be Next?
(DBN)

Jones Day Snags 7-Partner Howrey Construction Team; 2 Others Go to Ober Kaler
(DBN)

Clifford Chance launches in Australia via double merger
(DBN)

Key Rainmaker, Four Partners Bail on Howrey's Sinking Ship
(DBN)

Daniel D. Doyle Joins Lathrop & Gage Clayton Office as Partner
(DBN)

Mintz Levin Establishes Distressed Debt and Claims Trading Practice
(DBN)

Autopsy Reveals Dead Firm Owes More Than $360 Million
(DBN)

Ballard Spahr's Profits Per Partner Skyrocket
(DBN)

With In-House Budgets Strapped, Can Firms Still Profit?
(DBN)

Ecuador, Chevron court saga over damages
(DBN)

Street shrugs off Chevron
(DBN)

Ecuador plaintiffs say Chevron ruling falls short
(DBN)

Chevron Screams 'Illegitimate!' After Judge Fines Company $8.6 Billion
(DBN)

Fair Finance trustee sues Indy attorney for $375,000
(DBN)

WikiLeaks: A Behind-the-Scenes Look at the Counter-Attack (Hack) Proposal to BofA
(DBN)

Daily Journal Names Arent Fox LLP’s Automotive Industry Practice Group One of the Top Five Practice Groups of the Year
(DBN)

NYSE Work if You Can Get It: Seven Firms on Exchange Merger
(DBN)

The Emerging Role of the PSL in the US
(DBN)

A Generation of Debtors (Part 1)
(DBN)

Love and the Small Law Firm
(DBN)

Temple Law Student Gerald Ung Found Not Guilty in Shooting
(DBN)

Lawyer Shelves Practice For Library Work
(DBN)

When Your Mentor is Not Into You
(DBN)

In Defense of Tommy, Who Used to Work on the Docks
(DBN)

Jailed Ex-Spouse, Accused in Lawyer’s Kidnapping and Arson, Can Sue Fire Insurer, Appeals Court Says
(DBN)

Aggrieved Women Potpourri: Sexual Harassment Canada-Style, and the Return of Charlene Morisseau
(DBN)

How a Forgotten Trip for Batteries Jump-Started a Lawyer’s Recovery
(DBN)

Strap on Your Boxing Gloves ... We've Got Ourselves a SHOWDOWN!
(DBN)

Could Your Firm's E-Mail Policy Run Afoul of the Federal Wiretap Act?
(DBN)

Cook County Court Clerk Warns 170 of Layoffs, Another 125 Flagged for Layoffs in Prosecutor’s Office
(DBN)

Lawyers find a groove as moonlighting rockers
(DBN)

Vigilante Justice with a Cattle Prod
(DBN)

"Get off the tacos, get off the chips and the soda"
(DBN)

Concealed-Carry License Gets You Fast-Track Access To Texas Capitol
(DBN)

Coming Next: Homeowner-Supplied Hand Lotion for Burglars
(DBN)

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Judges:

A Legal Manual for an Apocalyptic New York
(DBN)

Judge Taken Off All Criminal Cases After Public Defender Wins Temp Protective Order Against Him
(DBN)

When Keeping Your Mouth Shut Doesn't Make Sense
(DBN)

Texas Judges Eye Building Courthouse Brooklyn Style
(DBN)

Damage Done By Assembly-Line Injustice
(DBN)

i ♥ PA
(DBN)

Judge Seeks to Seal Deposition He Gave in Defamation Suit Against Lawyer
(DBN)

'Home team' judge
(DBN)

California Legislators Skewer $1.9 Billion IT Project by Bureaucrats
(DBN)

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Wall Street:

Futures indicate stronger open for Wall Street
(DBN)

Stocks Fall After Weak Retail Report
(DBN)

NYSE parent to merge with Frankfurt, Germany, exchange
(DBN)

Confidence in Equities Among Global Investors at Record, BofA Merrill Says
(DBN)

Goldman Sachs to Close Fixed-Income Prop-Trading Group
(DBN)

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Layoffs:

Boehner: 'So Be It' If U.S. Workers Are Laid Off
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Litigation:

Courts Grapple With Discovery of Social Media Posts
(DBN)

Not Checking E-Mail Costs Attorney the Right to Arbitrate
(DBN)

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Retailing:

Retail sales don't inspire confidence
(DBN)

The worst part about the Borders bankruptcy
(DBN)

Borders seeking $450 million bankruptcy loan: RLPC
(DBN)

Borders' efforts to secure bankruptcy financing are 'moving slowly'
(DBN)

Where Have All of the Storefronts Gone?
(DBN)

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Education:

UNLV president outlines plan to prepare for 'state of fiscal collapse'
(DBN)

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Corporate Reform:

'Advisers' Distance Themselves From a Report
(DBN)

Republicans Push for Exemptions to Derivatives Rules
(DBN)

SEC Charges Amish Man with Securities Fraud
(DBN)

Elizabeth Warren Defends US Consumer Agency Funding Amid Attacks
(DBN)

House Republicans Target Consumer Bureau Funding in Budget Bill
(DBN)

Handing CFPB to appropriators would set 'dangerous precedent,' Warren says
(DBN)

Warren slams opponents of new consumer bureau for trying to 'chip away at its independence'
(DBN)

MA-Sen: Draft Elizabeth Warren
(DBN)

Chase Offers Military Aid, After Past Mistakes
(DBN)

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Pensions:

Obama backs risk-based pensions endorsed by Bush
(DBN)

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Media:

Tribune Reorganization Opposed by McCormick Foundation
(DBN)

Zell, McCormick Foundation object to Tribune Co. reorg plans
(DBN)

______________

Hotels:

Hotel working to avoid foreclosure
(DBN)

______________

Economy:

Empire Index Points to Pricing Pressures
(DBN)

All You Need to Know About Why Things Fell Apart
(DBN)

US economy healthier, not yet well: Fed's Dudley
(DBN)

GOP Mocks Obama Budget, House Weighs Spending Cuts
(DBN)

GOP: No government shutdown if you give us what we want
(DBN)

Roger Altman: Obama's Budget Doesn't Threaten Bankruptcy
(DBN)

Obama invites Republicans to negotiate on big budget issues
(DBN)

Obama Asks for 'Adult Conversation' on the Budget
(DBN)

Obama: I didn't punt on entitlement reform in federal budget
(DBN)

Obama, GOP Circle the Wagons Against Economic Reality
(DBN)

Obama's Budget Dilemma
(DBN)

Pimco's Gross slashes US debt holdings
(DBN)

How the middle class became the underclass
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Affiliate of Once-Mighty Foreclosure Firm Lays Off 96 More Workers, May Close Within 60 Days
(DBN)

MERS Can’t Transfer Mortgages
(DBN)

Home sales fell 12% in 2010
(DBN)

FHFA, Fannie blame legal fees on plaintiffs
(DBN)

Legal Fees at Fannie Are Called Avoidable
(DBN)

Judge Says Fannie Mae Whistleblower's Lawsuit Can Go Forward
(DBN)

Fannie, Freddie Could Cost $169 Billion to 2012
(DBN)

Obama Plan for Fannie, Freddie Far-Reaching: Securitization Lawyers
(DBN)

Republicans to probe Fannie, Freddie executive pay
(DBN)

Frannie's Wild Stock Ride
(DBN)

Time for Harmony on Mortgage Giants?
(DBN)

Fannie and Freddie should fade away
(DBN)

Wake-up call may end the American dream
(DBN)

NAR’s 2010 existing home sales are overstated by 15% to 20%
(DBN)

New York to Assure Legal Aid in Foreclosure Cases
(DBN)

SoCal: Weak Home Sales, Record Low New Home Sales
(DBN)

Vegas property owners challenge FDIC's foreclosure authority
(DBN)

NAHB Builder Confidence unchanged in February
(DBN)

Beyond Fannie and Freddie, a New Approach
(DBN)

Orleans Homebuilders emerges from bankruptcy
(DBN)

Arizona developer to buy SunCrest
(DBN)

Texas fund aims to buy $150 million worth of distressed real estate
(DBN)

Majority of Freddie Mac borrowers refinanced to fixed-rate loans in 4Q
(DBN)

_____________

Mass Torts:

New York Court Allows Insurers To Peek Into Asbestos Deals
(DBN)

______________

Banking:

Warren Buffet dumps Bank of America shares, loads up on Wells Fargo
(DBN)

Taxpayers Absorb Berkshire's Dumped Bank of America Shares
(DBN)

Berkshire Departs BofA `a Loser' on Stake After Three Years
(DBN)

New Annual Fee for Select BofA Credit Card Holders
(DBN)

US Bank's Secret Plan to Destroy Wikileaks
(DBN)

Applicant Rejected From Citi Internship Goes Off In A Reply Email
(DBN)

The Most Insanely Awesome Bank Offices On The Planet
(DBN)

SocGen profit rebounds as charges fall
(DBN)

______________

Municipalities:

Conyers rejects moves to allow states to declare bankruptcy
(DBN)

John Conyers: Effort to allow state bankruptcy a 'blatant attack' on public sector workers, unions
(DBN)

Is Harrisburg turning to parking garages to keep it from bankruptcy ?
(DBN)

Embattled Pa. mayor tells protesters she's staying
(DBN)

Without steep cuts in pension and health care costs, San Francisco could face bankruptcy
(DBN)

SF Mayor Ed Lee on the city declaring bankruptcy
(DBN)

Municipal bankruptcy filings rare; elimination of some bond debt could cause economic ripple
(DBN)

Chapter 9 filing for Flint would have to be last option on table
(DBN)

The Cities And States That Have Shattered Pension Contracts
(DBN)

California's victims restitution fund running on empty
(DBN)

NH Hospital Association stunned by cuts in Lynch's proposed budget
(DBN)

______________

Oil/Gas:

In Wake of Seahawk's Asset Sale to Hercules, Investors Eyeing Both Companies
(DBN)

There's more to the Seahawk story
(DBN)

Best Energy Seeks Chapter 11 Protection
(DBN)

BP Misled Investors Before Gulf Spill, Lawyers Say
(DBN)

'Business as usual' at bankrupt Evans Oil
(DBN)

Customers Claim Duke Oil Doesn't Deliver
(DBN)

______________

Debt Collection:

Man kills son to frame creditors
(DBN)

Even after foreclosure, debt collectors still pursue borrowers for repayment
(DBN)

Federal Action Proceeds Against Law Firm Accused of Debt Collecting
(DBN)

______________

Accounting:

Oral Arguments Heard Before 9th Circuit in Campbell v. PricewaterhouseCoopers
(DBN)

______________

Bankruptcy Crimes:

In bankruptcy, debtors hide assets and pay the price
(DBN)

______________

Aviation:

Grounded Airline Mexicana In Talks With IATA To Rejoin Systems
(DBN)

______________

Agriculture:

April a busy month for Grabanski case
(DBN)

______________

Celebs:

Vick Gets Huge Pay Day - With Conditions
(DBN)

Banker, business owner Buerge files for bankruptcy
(DBN)

Broker accused of using NFL stars to defraud
(DBN)

______________

Politics:

Obama aide Elizabeth Warren eyed as Brown rival
(DBN)

______________

New Bankruptcy Opinions
(2 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)

______________

Plan Confirmation:

How Far is Too Far?: An Analysis of the Second Circuit’s Decision Upholding the Designation of DISH Network’s Vote on the DBSD Plan
(DBN)

______________

Insurance:

Ambac Seeks Court Order to Block U.S. Tax Collection
(DBN)

Bankrupt Ambac Fights US Tax Collectors in Three Courts
(DBN)

PMI Group narrows 4Q loss, writes $2.2B in new insurance
(DBN)

______________

Bankruptcy Statistics:

Chapter 13 bankruptcy filings up 8% in 2010
(DBN)

Bankruptcies by individuals in U.S. up 9 percent in 2010
(DBN)

Mass. bankruptcy claims still on the rise
(DBN)

Bankruptcy charts of the day
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Consumer Debt:

Consumer Debt Falls, Still Extremely High
(DBN)

______________

Food/Drink:

A&P Seeks Nod to Close 32 Stores
(DBN)

Seafood company files for bankruptcy
(DBN)

Ex-NJ restaurant VP sentenced for taking kickbacks
(DBN)

______________

Avoidance Actions:

TOUSA: Indirect Benefits and Impossible Burdens - District Court "Quashes" Bankruptcy Court Decision
(DBN)

______________

Fraud:

Bernard Madoff says banks knew of Ponzi scheme
(DBN)

Madoff Speaks! And Blames the Banks
(DBN)

Bernie Madoff says Wilpons “knew nothing” about Ponzi
(DBN)

Madoff's First Interview from Prison — Still Questions Remain
(DBN)

JPMorgan Ignored Client Red Flags Post - Madoff: Suit
(DBN)

Diamondback Hit With $1 Billion in Redemptions
(DBN)

Trustee: Durham fired auditors, then looted Fair Finance
(DBN)

Allen Stanford headed to US prison hospital
(DBN)

Stanford and Madoff Together in Prison?
(DBN)

We Still Haven't Put Bernie Away
(DBN)

Rothstein: A story of 'American Greed'
(DBN)

22 years for man in Ponzi, mortgage schemes
(DBN)

Galleon Prosecutors Seek List of Expert Defense Witnesses
(DBN)

______________

Tax:

Switzerland Pledges Greater Cooperation in Tax Inquiries
(DBN)

______________

Corporate Governance:

Del. Judge Blasts Barclays, Halts Del Monte Vote
(DBN)

Del. Chancery Court OKs Airgas Poison Pill, Finds Board's Actions in Accord with Biz Judgment Rule
(DBN)

Air Products Abandons Airgas Takeover Bid After Judge Upholds Poison Pill
(DBN)

______________

UK:

Mental Capacity as a Defence against Bankruptcy?
(DBN)

Appointment of Administrators - 15 February 2011
(DBN)

Winding Up Petitions - 15 February 2011
(DBN)

Bank of England Sees Increased Risk Inflation Won't Return to 2% by 2012
(DBN)

Shock rise in unemployment as workers hit by wage cuts
(DBN)

Youth unemployment hits record
(DBN)

Wragges takes lead role on Auto Windscreens administration
(DBN)

Halliwells administrators report reveals debts of more than £190m
(DBN)

Thompson and other Farepak directors may be hampered by ban
(DBN)

Farepak victims not forgotten after all
(DBN)

King May Not Get Chance to Wield Power Over Banks Under New Law
(DBN)

______________

EU:

France, Germany See Modest GDP Growth
(DBN)

EU Banks To Get ‘Single Rulebook’
(DBN)

The First Bondholders In Europe Have Faced A Haircut And It May Not Be The Last
(DBN)

______________

Canada:

Court approves Fraser Papers restructuring plan, sale of US subsidiaries
(DBN)

ASC Hearing Will Determine If Concrete Equities Misled Investors
(DBN)

______________

Germany:

WestLB Owners Still Haggling Over Terms Of Restructuring
(DBN)

______________

Greece:

Greece To Stay In Recession For 3rd Straight Year
(DBN)

______________

Ireland:

Anglo To Sue Former CEO Over Loans
(DBN)

Now Anglo sets its sights on Drumm's €3.8m pension pot
(DBN)

NAMA appoints 'super receiver' to Carroll group
(DBN)

______________

China:

China: Food Costs Soaring
(DBN)

China Auto Imports Nearly Doubled in 2010
(DBN)

______________

Denmark:

Moody's Cuts Ratings of Danish Banks After Amagerbanken Failure
(DBN)

______________

Russia:

Russia: Oil Tycoon's Trial was Rigged
(DBN)

Maxi Group Ruling Expected
(DBN)

______________

Afghanistan:

IMF recommends troubled Kabul Bank be wound down
(DBN)

______________

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Copyright 2011