February 23, 2011

The Daily Bankruptcy News

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Law:

Linklaters confirms spring bonus of up to $20,000 for US associates
(DBN)

"Your Budget Was Cut Again? But, Didn't Your Firm Post Record Profits?"
(DBN)

Big Law's $1,000-Plus an Hour Club
(DBN)

Top Billers
(DBN)

Bankruptcy lawyer on trial on charges he defrauded clients
(DBN)

Fen-Phen Lawyer Should Be Disbarred, Disgorge $7.5M of His $20M Fee, Hearing Officer Suggests
(DBN)

Firm Dominates Foreclosures, but Faces Growing Criticism
(DBN)

Talent Means Money
(DBN)

Jeffrey Fine Joins Dykema In Dallas
(DBN)

Rajaratnam's lawyer Dowd - a man for big cases
(DBN)

BigLaw Firm Embroiled in Abramoff Scandal Looks to Clawback Cash From His Ex-Partner
(DBN)

Madoff, Citigroup, BP, SAC, SocGen, Galleon in Court News
(DBN)

After Partner Purges, NY Firm Sees Profits Up Sharply on Flat Revenues
(DBN)

Debevoise Revenues Slip, Profits Climb
(DBN)

Revenues, Profits Up at Paul, Hastings
(DBN)

Why People Don’t Like Lawyer Tenants
(DBN)

Document Review Projects Are Not All Equal
(DBN)

Kissel, BGC, NYSE, UK Libel Law, Deutsche Bank in Court News
(DBN)

Solo Attorney Hobnobbed With Celebrities At Grammy Awards
(DBN)

"If you're a law student and think you'll make $140,000 right out of law school, you're an idiot"
(DBN)

Adding ‘Diversity’ to U.S. News Rankings Wouldn't Accomplish Much
(DBN)

Widener Law School Still Isn't Telling Students Its Stance on the ‘Dean Killing’ Hypothetical
(DBN)

Are law schools starting to downsize?
(DBN)

To Resolve $145.88 Dispute, Sheriff Retains Law Firm, Winds Up with $5,370.67 Legal Bill
(DBN)

Well-Known Lawyers Among New Yorkers Who Own Handguns
(DBN)

Texas Lawyers Reject Ban on Sex with Clients
(DBN)

Lawyer's Prank to Get Phony ID Draws Reprimand
(DBN)

2 US Lawyers OK After Quake; 35 Escape N.Z. Firm Where Stairs ‘Dropped Down the Stairwells’
(DBN)

Want to Serve on a Jury? Be Careful What You Post
(DBN)

Police arrest 11-year-old over 'inappropriate' stick figure drawing
(DBN)

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Judges:

Judge's Lawyer Girlfriend Says He Broke Her Elbow in Assault
(DBN)

John Keker, Representing Embattled Plaintiffs Lawyer Steven Donziger, Hints He May Seek Recusal of Judge Kaplan
(DBN)

Judge Found Guilty in Cash-for-Kids Case; Mother of Child Not Pleased
(DBN)

Judges' words shake faith in justice
(DBN)

Convicted Judge Proclaims Victory, Turns His Back on Mom Blaming Him for Her Son’s Suicide
(DBN)

______________

Wall Street:

Stock index futures signal rebound
(DBN)

How the Major Stock Indexes Fared Tuesday
(DBN)

Wall Street Shares Fall Sharply Amid Libyan Unrest
(DBN)

Dubai shares hit milestone low amid growing crisis
(DBN)

This Trader Turned Bank Robber Was So Good He Robbed 10 Banks Before He Was Caught
(DBN)

Nasdaq mulls NYSE bid
(DBN)

Wall Street Boutiques to Profit From Del Monte Judge's `Slap' at Barclays
(DBN)

______________

Layoffs:

Medtronic to Fire 1,500 to 2,000 Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Libyan chaos threatens to spark oil crisis
(DBN)

Will the Arab Revolt Challenge Big Oil ?
(DBN)

Rising Oil Prices Not Lifting All Energy Stocks
(DBN)

Schlumberger shuts down Libyan operations
(DBN)

Foreign oil cos suspend Libyan oil, gas operations
(DBN)

Record Glut of Oil Refineries Selling at 80% Discount
(DBN)

Judge Allows Seahawk Shareholders To Form Official Committee
(DBN)

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Corporate Reform:

Credit cards still in US watchdog Warren's sights
(DBN)

Bank Card Fees Slashed by Legislation
(DBN)

CFPB's Elizabeth Warren
(DBN)

A Quandary Over Deeming Behemoths Too Big to Fail
(DBN)

Wall St. Often Slow to Disclose Brokers' Sins
(DBN)

______________

Borders:

Is Barnes & Noble next?
(DBN)

Barnes & Noble halts dividend
(DBN)

Barnes & Noble eyes Borders locations
(DBN)

Borders bankruptcy: The book on gift cards
(DBN)

5 ways to cash in on Borders' bankruptcy
(DBN)

Blockbuster's proposed bankruptcy sale is uncomfortable reminder for Borders
(DBN)

CMBS Market's Exposure to Bankruptcy Filing by Borders Raises Concerns
(DBN)

Borders clearance sale: Everything must go
(DBN)

Why Borders Went Bankrupt
(DBN)

Diamond Owed 3.9 Million by Bankrupt Borders
(DBN)

Empty Shelves at Borders, Empty Space for Landlords
(DBN)

Doomed Borders stores begin to empty out
(DBN)

______________

Festivals:

Gen Art Crawls Back From Bankruptcy
(DBN)

______________

Banking:

Trups Trustee Surprisingly Vocal in Bankruptcy Case
(DBN)

______________

Celebs:

Pub Founded by NFL Hall of Famer Files for Chapter 11
(DBN)

Duerson's bankruptcy included judgment
(DBN)

How many more deaths until the NFL wakes up?
(DBN)

George Clinton's Former Law Firm Looks To Garnish His Bank Account
(DBN)

______________

Lehman:

Barclays takeover of Lehman US assets cleared in New York court
(DBN)

Barclays Doesn't Have to Pay `Windfall' to Lehman, Judge Says
(DBN)

Barclays rises after judge backs its Lehman deal
(DBN)

Lehman Fire Sale Was Best Outcome, Judge Says
(DBN)

As Lehman Inquiry Drags on, Fuld's Business Takes Off
(DBN)

Erin Callan, Lehman's ex-CFO, goes public
(DBN)

SunCal, Gramercy Balk at Plan for Lehman-Backed Projects
(DBN)

Lehman Commodity Unit Sues Sempra for $104.7 Million Payment
(DBN)

______________

Newspapers:

How did the Star Tribune's 2010 compare to bankruptcy projections?
(DBN)

______________

Bankruptcy Crimes:

Anchorage Woman Indicted by Federal Grand Jury for Fraud
(DBN)

Former loan officer charged in federal fraud case
(DBN)

______________

Food/Drink:

Assets of bankrupt chicken processor sold
(DBN)

Two Pizza Chains Cook Up Chapter 11 Reorganization Plans
(DBN)

Delaware's venerable Townsends chicken processor sells off its last plants
(DBN)

______________

Mass Torts:

Feinberg Responds with New Spill Claim Rules
(DBN)

______________

Resorts:

Trustee sale date set for San Marcos resort
(DBN)

______________

Economy:

US Consumer Confidence Rose in February to Three-Year High
(DBN)

Fear index jumps 28% on Libya turmoil
(DBN)

Fed Regional Bank Directors Had ‘Greater Confidence’ Last Month
(DBN)

Fed's Fisher: We've Moving Forward
(DBN)

Geithner Blames UK for Financial Crisis
(DBN)

When Pretending Fails to Hide Bankruptcy
(DBN)

Home prices near 2009 lows
(DBN)

Treasury prices rise on Libyan protests
(DBN)

Oil holds near 2-1/2 year highs on Libya revolt
(DBN)

Global Economic Recovery Can Survive Surge in Oil Prices for Now, IMF Says
(DBN)

Whites More Pessimistic on Economy
(DBN)

How Chronic Budget Optimism Helped Dig the Hole We’re In
(DBN)

Reid Seeks Temporary Federal Spending Bill to Buy Time for Deal
(DBN)

Learning lessons of federal shutdowns
(DBN)

How the Rich Became the Uber Rich
(DBN)

Obama Says Economy Depends on Success of Small Businesses
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Home Prices Almost At 2009 Trough As Double Dip Materializes
(DBN)

US house prices plumb new depths
(DBN)

Housing Data Underestimated Collapse
(DBN)

Home prices may fall by up to 25 percent: economist
(DBN)

Survey: Sales of Distressed Homes increased in January
(DBN)

FHA REO inventory up 47% from one year ago
(DBN)

Carnage not over in US housing industry
(DBN)

Homebuilder stocks plunge after home price report
(DBN)

Shiller Interview on US Housing Market
(DBN)

Eleven cities hit new lows in home prices in December
(DBN)

Chicago area home prices set post-boom low
(DBN)

Metro Detroit home prices sink 9.4%
(DBN)

Phoenix home prices down 8%
(DBN)

S. Fla. home prices still retreating
(DBN)

Case-Shiller: Welcome Back to 2004, Seattle
(DBN)

Price of existing homes drops to 20-year low in Las Vegas
(DBN)

Foreclosure firm challenges attorney general's right to investigate
(DBN)

CA Rejects Challenge to Nonjudicial Foreclosure Proceeding
(DBN)

Croce's Statler bid still on track
(DBN)

Late bids for Statler turned aside
(DBN)

Lawyer's Suit Against Developer Claims Condo Was Missing 109 Square Feet
(DBN)

Ex-U.S. mortgage executive to plead to criminal charges
(DBN)

Miami assistant fire chief snagged in federal mortgage fraud case
(DBN)

Wells Fargo approves multi-million dollar payout to veterans
(DBN)

Moody's finds commercial real estate eluding recovery
(DBN)

Fannie Mae cuts financing to 100 new Florida condo projects
(DBN)

New Life For Stalled Tempe Project
(DBN)

Fitch Solutions subprime credit default swap prices highest since October 2008
(DBN)

Countrywide Deal Too Thin For Some Investors
(DBN)

Blockbuster Auction Could Prolong Lease Review
(DBN)

____________

Fraud:

Citigroup Executive Knew of Madoff's Fraud, Trustee Picard Says in Lawsuit
(DBN)

Suit Cites 'Internal Wonder' at Citi Over Madoff's Operations
(DBN)

Top SEC lawyer and his bros inherited $1.5M in Madoff profits
(DBN)

Lawyers defending Mets owners demand Madoff victims trustee hand over investigation records
(DBN)

Bidders Want More Than a Slice of Mets
(DBN)

Union assured Madoff suit won't prevent Mets paying players
(DBN)

Irving Picard, avenging angel for Madoff victims?
(DBN)

Allen Stanford Joins Madoff At North Carolina Prison
(DBN)

Adams and Reese Sued over Advice to Alleged Ponzi Schemer Stanford
(DBN)

Judge: Galleon Witness's Lawyer Must Table Plans to Become a Prosecutor
(DBN)

The Insider Trading Scandal Ended Up Costing Three Hedge Funds $9 Billion
(DBN)

Galleon Hedge Fund Trial: Wiretapping Spousal Communications
(DBN)

The difficulty of proving insider trading cases
(DBN)

Fair bankruptcy trustee hears from prospective Lampoon suitors
(DBN)

Hecker trustee calls for Rowan's jailing
(DBN)

______________

Municipalities:

Who Knew that Cairo Was this Chilly?
(DBN)

The Coming Shutdowns and Showdowns: What’s Really at Stake
(DBN)

Sickouts and bankruptcy
(DBN)

A career of public service in Wisconsin no longer seems a good bet
(DBN)

Finally, hope for the taxpayers
(DBN)

Twilight of Collective Bargaining?
(DBN)

Labor unions lining up strike votes if Walker's bill is approved
(DBN)

Wisconsin Gov. Scott Walker warns of layoffs as unions step up efforts
(DBN)

Why won't Governor Walker accept unions' offer and declare victory?
(DBN)

Wisconsin Governor Scott Walker: 'We Are Not Going to Back Down'
(DBN)

A bridge too far
(DBN)

Are Republicans overreaching? Or just negotiating effectively?
(DBN)

After friendly start, Assembly session turns ugly
(DBN)

Wisconsin Democrats Face Few Legal, Political Consequences for Fleeing
(DBN)

Wisconsin senators living day-to-day south of border
(DBN)

Notes on the Cheddar Revolution
(DBN)

Wisconsin teachers being selfish
(DBN)

DOE: Two-Thirds of WI 8th Graders Can't Read Proficiently
(DBN)

Bubble Has Burst for Wisconsin Unions
(DBN)

Privatizing Wisconsin
(DBN)

If Wisconsin unions are bad, what about police?
(DBN)

In Wisconsin, the governor is right, Obama is wrong
(DBN)

The Means of Coercion - The Privileged Are Revolting
(DBN)

Wisconsin - it's about democracy
(DBN)

Wisconsin’s Walker Joins Government Asset Giveaway Club (and Is Rahm Soon to Follow?)
(DBN)

Decline in bond market has states nervous
(DBN)

Manager of scandalized LA suburb wants judge out
(DBN)

Testimony over pay begins in CA corruption case
(DBN)

Differing views of CA official: Crook or victim?
(DBN)

1 in 4 US Counties is Dying
(DBN)

Indy Exodus: Dems trigger Statehouse showdown
(DBN)

Banks Urged to Reassess Holdings of Muni Bonds
(DBN)

______________

Horse Racing:

Court OKs reorganization plans for Hoosier Park owner Centaur
(DBN)

______________

Retailing:

Appleseed's to close all but two stores
(DBN)

______________

Aviation:

Mexicana Airline Expects to Get $200 Million Investment After Approvals
(DBN)

______________

Alternative Fuels:

Biofuel dreams running on vapor
(DBN)

______________

Credit Cards:

Credit Cards: Why It Pays to be Rich
(DBN)

Credit card law gets high marks after a year
(DBN)

A friendlier credit card industry post-act
(DBN)

Elizabeth Warren's Battle
(DBN)

It's Citibank Arbitration Day
(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)

______________

Miscellaneous:

Sazka, Takefuji, Espanola del Zinc, Arcandor, Quinn: Bankruptcy
(DBN)

When Unsecured Creditors Are Unequal
(DBN)

______________

Insurance:

Towers Watson Releases 2010 D&O Liability Survey Report
(DBN)

Towers Watson Exec Liability: D&O Liability at All-Time High
(DBN)

______________

Bankruptcy Statistics:

Utah bankruptcy filings rise
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

Bankruptcy claims trading at 18-month low
(DBN)

______________

Obits:

Sanford C. Sigoloff dies at 80; corporate turnaround expert
(DBN)

______________

Telecoms:

Judge Approves Bonus Packages For TerreStar Executives
(DBN)

______________

Guns:

Fight brews over assets of Nashville gun maker Sabre
(DBN)

______________

Video Rentals:

Court Orders Blockbuster to Establish Fox Escrow Account
(DBN)

Video stores fading to black?
(DBN)

______________

Autos:

Chrysler Drops Medical Benefits for Retirees
(DBN)

For Car Dealers, a Bleak Lot Brightens
(DBN)

GM Profit May Be 'Pinched' by New-Model Costs That Stung Ford
(DBN)

GM's sweetheart tax deal
(DBN)

_____________

Auctions:

As businesses fail, auctioneers flourish
(DBN)

______________

Golf:

Syufy Enterprises finalizes takeover of San Rafael's Peacock Gap golf course
(DBN)

______________

Industrial Contracting:

Conex warns of paycheck trouble but money is there
(DBN)

______________

UK:

UK regulator hits Deutsche Bank lender with huge fine for subprime mortgages
(DBN)

UK Risks Bankruptcy on Pension Promises
(DBN)

Appointment of Administrators - 22 February 2011
(DBN)

Dismissal of Winding Up Petitions - 22 February 2011
(DBN)

Winding Up Petitions - 22 February 2011
(DBN)

Dale Joins Sentance, Weale in Push for BOE Rate Increase
(DBN)

R3 records rise in firms making pay cuts and freezes
(DBN)

Call for help in Connaught probe
(DBN)

Demand for more protection against phoenix companies
(DBN)

Eight in ten firms showing signs of distress, says insolvency
(DBN)

______________

EU:

E.C.B. Criticizes Countries for Dragging Feet on Spending
(DBN)

Merkel Says EU Considering Extension of Financial Aid Program for Greece
(DBN)

ECB rejects EU call to become ratings provider
(DBN)

______________

Canada:

US Protests Canadian Drug Maker's Insolvency Case
(DBN)

The Court Rules that the Fees of a Court Appointed Receiver of a Low Value Estate are Too Excessive
(DBN)

Roughnecks on the brink of collapse?
(DBN)

Louis Gouin Appointed Justice of the Quebec Superior Court
(DBN)

OSC to seek jail time in fraud cases
(DBN)

______________

Germany:

Commerzbank plans to start repaying rescue loans
(DBN)

______________

Ireland:

Anglo to outline Drumm case
(DBN)

Drumm failing to fight fraud allegations
(DBN)

______________

Spain:

Cajas Have Heavy Exposure to Troubled Real-Estate Assets
(DBN)

______________

Greece:

Greeks strike, test government reforms
(DBN)

Greek strike disrupts flights, cripples services
(DBN)

Die Presse: Greek insolvency inevitable
(DBN)

______________

Middle East:

The Basics: Understanding the Upheaval in the Middle East
(DBN)

Houston, we have a problem
(DBN)

“This Is the House of Muammar Qaddafi“
(DBN)

If Libya Falls, Who Will be Next?
(DBN)

Italian Stocks Hit by Libyan Ties; France Next?
(DBN)

Libya separatists seen posing oil supply threat
(DBN)

Repsol, Eni suspend Libya oil output, ports disrupted
(DBN)

Three Libya Oilfields Under Tribal Control - Activist
(DBN)

Qaddafi Just Ordered The Destruction Of Oil Pipelines To The Mediterranean
(DBN)

Libya puts force majeure on some fuel exports: sources
(DBN)

Europe gets most of Libya's oil exports
(DBN)

Saudis, Trying to Calm Markets, Say OPEC Ready to Pump More Oil
(DBN)

If Libya revolts, Saudi Arabia could be next
(DBN)

Time to Take Sides With the Libyan People Against Gaddafi
(DBN)

Arab League: Violence Against Protesters Must Come to an End
(DBN)

Muslim countries join call for UN rights body to hold urgent meeting on Libya
(DBN)

Moammar Khadafy, Libya's defiant dictator, vows to 'die as martyr' rather than leave power
(DBN)

Lack of unified opposition helping Gadhafi
(DBN)

Pro-Gadhafi forces celebrate defiant speech
(DBN)

Gadhafi cuts disturbing figure
(DBN)

Gulf kingdoms pressing Bahrain to be bulwark
(DBN)

Libyan chaos could threaten Mediterranean economy
(DBN)

Factbox: U.S. oil companies' interests in Libya
(DBN)

Foreigners flee Libya : 'they're shooting people randomly'
(DBN)

Country, company Libya evacuation plans
(DBN)

Obama under pressure to intervene in Libya
(DBN)

Greek offer to evacuate 15,000 Chinese from Libya
(DBN)

18K Indians to be evacuated
(DBN)

Special flight to evacuate Saudis from Libya
(DBN)

UK sending charter plane to Libya , frigate to region
(DBN)

Judge's Extension Sets Up Showdown Between Awal Bank, HSBC
(DBN)

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Copyright 2011