February 18, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Milbank Makes Bank, Matches Cravath Spring Bonuses
(DBN)

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

Bonus Watch: Simpson Raises to Cravath Spring Bonus Scale
(DBN)

Latham’s Gross Revenue Nears $2B Again, Up 6 Percent from 2009; PPP Nears $2M, Up 4.5 Percent
(DBN)

After Monster Year, BigLaw Firm's Revenues Return to Earth
(DBN)

MegaFirm Announces First Post-Merger Financials
(DBN)

HogLov posts PEP hike and marginal revenue drop in first set of merged results
(DBN)

PSLs in the US – A Way Forward
(DBN)

Berger Singerman disqualified in RRA case
(DBN)

Airgas Done With Air Products, But It’s Not Done With Cravath
(DBN)

Stanford, Liverpool, GMAC, AstraZeneca, Satyam in Court News
(DBN)

Regime Change
(DBN)

In-House: FAS 5 Fracas
(DBN)

Dress for Success
(DBN)

Are You a Culturally Competent Lawyer?
(DBN)

Shock as firm's lawyers asked to bill four hours a day
(DBN)

How awards are really won
(DBN)

A Generation of Debtors (Part 2)
(DBN)

Size Matters: How Small Is Too Big? A Vocabulary Lesson
(DBN)

Attorney and Ex-Lawmaker George Guldi Is Convicted in $853,000 Insurance-Check Fraud
(DBN)

Law Firm Uses Video Game to Evaluate Law Graduates’ Talent
(DBN)

Litigator iPad App Offers Access to Statutes, Court Rules
(DBN)

Coming soon: Scanner Codes on Law Firm Business Cards
(DBN)

Columbia Reassures 1Ls By Sharing Professors’ Dirty Little Transcript Secrets
(DBN)

California Bar wants 'US News' to add diversity as factor in law school rankings
(DBN)

US News Won’t Alter Old Surveys, But Foresees ‘Negative Impact’ re New Villanova LSAT, GPA Info
(DBN)

Is BYU’s Law School No. 2 in US?
(DBN)

Pot Bust Goes Awry and a Law Professor Threatens to Sue
(DBN)

Yoga Is Becoming the New Golf, In NYC and Some Law Firms
(DBN)

Louisiana’s ‘Crime Against Nature’ Law Draws Legal Fire
(DBN)

Mel Gibson: A look at secret negotiations in Gibson-Grigorieva case
(DBN)

Online ‘Jurors’ Settle Everyday Disputes on New JabberJury Website
(DBN)

Contemplating a Trial Decided by 'the Six People Ahead of You in Line at WalMart'
(DBN)

U.S. Businesses Everywhere: Are Your Immigration Papers In Order?
(DBN)

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Judges:

More judges needed in Fla.
(DBN)

Teary judge lashes Somali pirate with maximum sentence
(DBN)

Appeals Court Judge Allegedly Ran Stop Light, Nearly Hit Cop Car, Blew 2.5 Times Legal Limit
(DBN)

Obama signs bill naming courthouse for slain judge
(DBN)

Legal Commentators Speak Out on Justice Thomas' Silence
(DBN)

U.S. Bankruptcy Court Judge Morris Stern to Deliver Axelrod Lecture on Upheaval in NJ Homeownership at Rutgers–Newark Law School on March 24
(DBN)

Supremes to give presidential eligibility case another look?
(DBN)

2nd Judge Insured By State Farm Steps Aside in $350M Case
(DBN)

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Wall Street:

Wall Street Stock Index Futures Point to Flat Open
(DBN)

Stocks Grapple With Inflation Signal, Philly Fed Shocker
(DBN)

Wall Street Pay Still Doesn't Consider Risk, Study Finds
(DBN)

Goldman's Bungled Facebook Deal Irked Clients
(DBN)

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Layoffs:

Weekly Initial Unemployment Claims increase to 410,000
(DBN)

Gallup: Unemployment hits 10%
(DBN)

Crooks Get Ideal Market Conditions for Trade
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Borders:

Why Reading Isn't Dead
(DBN)

Bankruptcy judge approves closure of 200 Borders stores
(DBN)

Can Borders Start A New Chapter?
(DBN)

Borders is planning a fire sale!
(DBN)

Booze or Barnes & Noble? Bankrupt Borders Has Options
(DBN)

Borders Attempts To Reassure Customers
(DBN)

Borders bankruptcy spreads to US and Australia
(DBN)

Report: Borders Bankruptcy to Give Nearby Stores the Blues
(DBN)

Publishers Want to Hear More from Borders
(DBN)

Borders' First Day Motions
(DBN)

Voucher holders turn into irate creditors
(DBN)

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Small Business:

Citigroup CEO Pandit Sees Tight Credit For Small Businesses
(DBN)

The SBA's New Small Business Loan Programs
(DBN)

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Fraud:

Galleon Probers Trailed Rajaratnam Through Tips, Tamils and Taps
(DBN)

JAT Capital gets subpoenaed in the insider trading probe
(DBN)

Coatue, a hedge fund under investigation for insider trading, just hired themselves a lawyer who used to work for an expert network and the Feds
(DBN)

Insider Trading Case Breaks Bonds Of Friendship
(DBN)

Madoff clean-up fees set to top $1.3bn
(DBN)

Madoff's Credibility Ends When His Mouth Moves
(DBN)

Lawmaker Introduces Bill To Shield Madoff Investors From Clawbacks
(DBN)

Who's the Next Bernie Madoff, and How Do We Find Him?
(DBN)

Bernie Madoff, Fred Wilpon and The Mets: A 35-Year History
(DBN)

Fred Wilpon predicts family 'will be vindicated'
(DBN)

Madoff "Still Doesn't Get It," Ponzi Victim Says
(DBN)

Accused Ponzi Schemer Stanford Sues Prosecutors, FBI Agents, SEC Staffers
(DBN)

Group suing Stanford says donations to Le Bonheur and St. Jude bought 'legitimacy'
(DBN)

Kenneth Starr's Companies File for Bankruptcy Liquidation
(DBN)

E-mails detail Fair Finance partner's money woes
(DBN)

Luxury cars hit the Auction Block After Owner Goes to Jail
(DBN)

Hedge Fund Ponzi Schemer Has Surprisingly Lowbrow Appetites
(DBN)

FBI investigating developer Trooien for fraud
(DBN)

Feds Raid Health Care Facilities, Arrest Over 100 Professionals in 9 Cities in Record Medicare Bust
(DBN)

Shareholders Reach $125 Million Settlement With India’s Satyam
(DBN)

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Hedge Funds:

Hedge Funds May Pose Systemic Risk in Crisis, US Report Says
(DBN)

Hedge funds' manager files for bankruptcy
(DBN)

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Tech:

IBM now faces bankruptcy over big calculator :))
(DBN)

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Lehman:

U.S. District Court Affirms Lehman Ruling Raising Concern on Cross-Affiliate Netting
(DBN)

BOC Hong Kong Manager Cleared of Lehman Products Fraud
(DBN)

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Shipping:

Container Rate Index Dips, First Time in Year
(DBN)

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Oil/Gas:

Pressure is on smaller companies in Gulf of Mexico
(DBN)

Judge Tells Government to Resume Permits for Drilling
(DBN)

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Celebs:

Nicholas Cage, Erin Moran and more fall to foreclosure
(DBN)

Celebrity investment firm files for bankruptcy
(DBN)

Minnelli & Pacino Listed As Creditors As Starr's Company Goes Bust
(DBN)

Bachelor Aaron Buerge: I'm in Bankruptcy , But Not Broke
(DBN)

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Economy:

US Consumer Prices, Jobless Claims Exceed Forecasts
(DBN)

Consumer Comfort in U.S. Holds Near Two-Month Low
(DBN)

G20 finance chiefs meet on global imbalances
(DBN)

CEOs: Economic Conditions Improving
(DBN)

IMF Warns of Growing Risks
(DBN)

Carney: Stimulus 'Goals Have Been Met'
(DBN)

Fed's Evans Says `Disappointing' Recovery Warrants Current Stimulus Steps
(DBN)

Fed's Hoenig Fears Emerging Inflation
(DBN)

Fed's Fisher Won't Support More Easing
(DBN)

Fed Officials Divided on Stimulus, Disappointed on Job Growth
(DBN)

Philly Fed's factory index hits seven-year high
(DBN)

Commodity Prices Rise on Concerns About Inflation
(DBN)

Coming Soon to US: Much Higher Prices
(DBN)

Why are Food Prices Going Crazy?
(DBN)

Inflation rate signals likely QE2 freeze
(DBN)

The Fed Is Wrong, Inflation Is Here
(DBN)

House Brainstorms for Budget Cuts
(DBN)

Boehner: Cuts Must Come Now
(DBN)

Tensions Escalate Over GOP Budget Cuts
(DBN)

Raise Debt Limit or Cut $738 Billion
(DBN)

The Secret Weapon of the Rich: Money
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

OCC Findings: Illegal Foreclosures, Critical Deficiencies
(DBN)

OCC's Walsh on Foreclosure Issues and MERS
(DBN)

TARP Watchdog: Foreclosure Plan is Failing
(DBN)

Lawyers in Fla. and Nevada Charged in Mortgage Fraud Cases
(DBN)

He's the Foreclosure King of NY, But Where's the Love?
(DBN)

Homeowner attorney found in contempt for breaking into foreclosed home
(DBN)

Help for Underwater Properties
(DBN)

US Foreclosures Still Rising
(DBN)

MBA: Loans in Foreclosure Tie All-Time Record, fewer Short-term Delinquencies
(DBN)

Fewer homeowners behind on house payments
(DBN)

Nearly 5% of Mortgage Loans in Foreclosure at End of 2010
(DBN)

Regulator Confirms Banks Broke Laws in Robo-Signing
(DBN)

BofA Unit's Utah Foreclosures Violate Law, State Says
(DBN)

DJSP, Processing Company for Foreclosure Attorney David J. Stern, Lays Off 96
(DBN)

Nevada Supreme Court announces changes to foreclosure program
(DBN)

Loan Mod Program Left Homeowners Fate in Hands of Dysfunctional Industry
(DBN)

Practical and Legal Perspectives on Deed in Lieu Transactions
(DBN)

MBIA’s volatile credit protection
(DBN)

Long After Fall, Countrywide's Mozilo Defended His Legacy
(DBN)

Mozilo on Countrywide: 'Better performance than Warren Buffett'
(DBN)

Issa's first subpoena targets Countrywide VIP mortgage program
(DBN)

Gross Mortgage Lending Up in January
(DBN)

Mortgage Approvals Flat in January
(DBN)

Mastro trial could be delayed
(DBN)

St. Vincent's and Rudin still hoping for 'a viable solution'
(DBN)

Borrowers stay current on 2nd lien for liquidity
(DBN)

Chicago tops for mortgage fraud
(DBN)

Philadelphia Man Forecloses On Wells Fargo
(DBN)

Foreclosure influx kills new home sales, prices in Bay Area
(DBN)

Oregon bill would force lenders to hold mortgages 5 years after origination
(DBN)

Florida's foreclosure rate is nation's highest
(DBN)

Which Chi suburbs have the most, fewest vacant homes
(DBN)

WA foreclosure bill creates mediation process
(DBN)

OREOs take bite out of banks' bottom lines
(DBN)

Bank Of America Just Bought This Incredible Country Estate From A Famous Fallen Billionaire
(DBN)

US Apartment Construction Climbs as More Renters Crimp Supply
(DBN)

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Municipalities:

State Pension Plans Scramble to Avoid Bankruptcy
(DBN)

Illinois Pension Bonds to Test Investors’ Faith
(DBN)

Ratings Downgrades Loom for Cash-Strapped States
(DBN)

The government considers new ways to help ailing states
(DBN)

State Budgets and the Bankruptcy Option
(DBN)

Bernanke: FSOC Better Venue Than Fed To ID Muni Sys Risk
(DBN)

'Day of Rage' Hits Wisconsin... 25,000 pack Capitol as lawmakers debate state unions
(DBN)

For Anyone Who Thinks Wisconsin State Workers Are Overpaid...
(DBN)

Obama On Wisconsin Collective Bargaining Law: An "Assault On Unions"
(DBN)

Boehner wades into Wisconsin labor battle, backing GOP governor
(DBN)

In Wisconsin Fight, Democrats Go Missing
(DBN)

Wis. Gov. Walker calls Democrat boycott a 'stunt'
(DBN)

______________

Finance:

Citigroup CEO Pandit Says New US Rules May Squeeze Credit
(DBN)

How microfinance can work
(DBN)

______________

Banking:

Brawl over debit fees continues at hearing
(DBN)

Fed Chief Says U.S. Has Bolstered Its Ability to Handle Failure of a Big Bank
(DBN)

Banks Lose on Risk Plea
(DBN)

Citi grants millions of stock options to top execs
(DBN)

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Credit Cards:

BofA Adds $59 Credit Card Fee
(DBN)

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Accounting:

How Long Does It Take to Climb the Ladder at Ernst & Young?
(DBN)

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Ethanol:

Nebraska-based company says bankruptcy court OK'd bid to acquire ethanol plant
(DBN)

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Entertainment:

RHI Reorganization Plan Approval Delayed Until March
(DBN)

______________

Radio:

Citadel. From Larry Wilson to Farid to Lew Dickey. With A Bankruptcy In Between
(DBN)

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Retailing:

Seven Retailers on the Financial Brink
(DBN)

Retail Sales Rebound Sharply in January
(DBN)

CPB files foreclosure on West Maui shopping center
(DBN)

Cincinnati Mall nears foreclosure action
(DBN)

Trouble for Anderson Marketplace; suit claims parts of shopping center in default
(DBN)

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Prepacks:

The Deal on Chapter 11 Prepacks
(DBN)

______________

Tax:

Lawrence O’Donnell Wants to Know if This Congressman Is Sleeping in His Office as a ‘Tax Criminal’
(DBN)

IRS Audits Reach Highest Level in Past Decade
(DBN)

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Apparel:

Va. Beach company Headgear Inc. files for bankruptcy
(DBN)

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New Bankruptcy Opinions
(No 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)

______________

Miscellaneous:

The Bankruptcy Files: Beyond Borders
(DBN)

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Insurance:

Three B-Ds sue insurers over coverage caps
(DBN)

CLICO recovery threat closer to becoming reality
(DBN)

Ambac revives JPMorgan mortgage lawsuit
(DBN)

______________

Bankruptcy Statistics:

2010 bankruptcies rise but at slower pace
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Corporate Reform:

Warren Names WH Business Liaison to Be CU Point Person at Consumer Bureau
(DBN)

Warren appoints ex-Freddie Mac director
(DBN)

Consumer Watchdog Hires Former Bankers
(DBN)

Banks Find Loophole on Capital Rule
(DBN)

Credit Card Firms Want Roll Back of Reforms
(DBN)

GOP Moves to Set Wall Street Free Again
(DBN)

Global Regulators Split on Derivatives Rules
(DBN)

______________

Mass Torts:

BP Uses Public Comment Process to Criticize Its Lawyer Overseeing Gulf Payouts
(DBN)

BP Doesn't Want to Pay Full Price for Oil Spill Damages
(DBN)

It’s Not Easy Being Ken
(DBN)

Gulf spill fund head faces Florida House panel
(DBN)

BP could have prevented blowout: investigator
(DBN)

BP Knew of Halliburton's Troubles Before Gulf Spill, Panel Says
(DBN)

Oil spill panel blames lax oversight of well cementing
(DBN)

Digging Deeper on Macondo
(DBN)

Blowout preventer 'not the root cause' of Macondo accident: Spill Commission counsel
(DBN)

______________

Litigation:

E-Discovery Issues Might Grow Inside the Cloud
(DBN)

Scheindlin Strikes Again: Commentators React to Metadata Ruling
(DBN)

Judge's 'Outlook on Steroids' Blazes E-Filing Trail
(DBN)

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Food/Drink:

Chicago Deep-Dish Pizza Chain Giordano's Enters Bankruptcy
(DBN)

Townsends Wins Judge’s Approval to Sell Assets
(DBN)

Missing records slow hunt for Agriprocessors money
(DBN)

E-Brands Restaurants equity for sale
(DBN)

______________

Hotels:

Hotel Occupancy Rate: Hotels Struggling in 2011
(DBN)

As promised: Halsey Minor chooses bankruptcy for mansion's LLC
(DBN)

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Resorts:

Credit Suisse Must Face Lawsuit Claims by Resort Owners in Idaho, Montana
(DBN)

Fiscal woes at resorts may leave some unpaid
(DBN)

______________

Furniture:

Jennifer Convertibles wins confirmation of Chapter 11 plan
(DBN)

______________

Religion:

Amish Community Says Participation in Bankruptcy Proceedings Is 'Abhorrent' to Beliefs
(DBN)

Creditors file suits in Portland to recover $3.1 million paid out before the Jesuits declared bankruptcy
(DBN)

______________

Autos:

Ex-Chrysler dealers sue government over closures
(DBN)

GM completes stock contribution to pension plans
(DBN)

______________

Video Rentals:

Blockbuster faces possible evictions as woes mount
(DBN)

______________

UK:

Pay when paid clauses – the insolvency exception
(DBN)

Retail insolvencies could soar in 2011
(DBN)

Begbies Traynor saves three hotels
(DBN)

Appointment of Administrators - 17 February 2011
(DBN)

Winding Up Petitions - 17 February 2011
(DBN)

UK Retail Sales Surge on Rebound From Cold Weather
(DBN)

Hendry creditors lose £2m
(DBN)

______________

Canada:

Wellpoint Systems Inc. Announces Court Approved Sales Process
(DBN)

______________

Germany:

WestLB Has Two Rival Restructuring Plans for Approval, EU Says
(DBN)

Germany wants no less than full G20 imbalances list
(DBN)

______________

Australia:

Receivers called in as huge Top Ryde Shopping Centre runs up $700m debt
(DBN)

Moody's Puts Australia's Banks Under Review
(DBN)

______________

New Zealand:

David Henderson fights $130m bankruptcy case
(DBN)

______________

China:

Where Cities Are Growing Faster Than In China?
(DBN)

China raises banks' required reserves again
(DBN)

China house prices rise despite curbs to deflate bubble
(DBN)

______________

Hong Kong:

HK bankruptcy petitions fall 10.5 pct in Jan vs Dec
(DBN)

______________

Spain:

Some Spanish Savings Banks Want More Time to Recover
(DBN)

Thousands fear for savings in Spanish financial scandal
(DBN)

______________

Ireland:

From Bonds to Banks, Irish Public Know Their Stuff
(DBN)

Hundreds Of Abandoned Housing Developments In Ireland
(DBN)

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Russia:

Russian police raid office of richest woman
(DBN)

______________

Middle East:

Bahrain Turmoil Poses Fresh Test for White House
(DBN)

Clinton Sides with Bahraini Protesters
(DBN)

Bahrain Mourners Call to Topple Monarchy
(DBN)

Saudi prince warns of uprising threat
(DBN)

Saudi Prince Makes Stunning Comments About Revolution Coming To Saudi Arabia
(DBN)

Egyptians Say Military Discourages an Open Economy
(DBN)

IMF: Mideast Turmoil & Economic Impact
(DBN)

Egypt’s Missing Stir Doubts About Military
(DBN)

Dozens Reported Killed in Libya
(DBN)

Rival Protests Gather in Yemen
(DBN)

Popular Rage Is Met With Violence in Mideast
(DBN)

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