February 24, 2011

The Daily Bankruptcy News

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Law:

On Billing Over $1000 an Hour: 'If You Can Get it, Get It'
(DBN)

Bonus Watch: Shearman & Sterling Matches Spring Bonuses
(DBN)

Venable Names Bankruptcy Attorney Of Counsel
(DBN)

17-Lawyer Howrey Group Heading to Shearman & Sterling
(DBN)

Former Manatt Phelps Partner is Sued By DOJ in Tax-Shelter Case
(DBN)

US firms in London push City partner hiring to record levels in 2010
(DBN)

Can You Pass the Big Law Psych Test?
(DBN)

So You Want to be a Banker
(DBN)

Two Steps Up, One Step Back: After Big 2009, Cozen Reports Slip in Profit, Revenue
(DBN)

Law Firm Profits and Social Security: The Same Model?
(DBN)

Breaking the New Lateral Hiring Code
(DBN)

Microsoft GC Says It's Time for Lawyers to Do More
(DBN)

Skadden Name Partner Joe Flom, R.I.P.
(DBN)

BigLaw Firm Joins Billionaire Boys & Girls Club
(DBN)

Sidley Austin Maintains the Status Quo
(DBN)

Munger Revenue and Profits Slip
(DBN)

Carlton Fields Now Working on Red Light Camera Cases
(DBN)

NY Firm Sees Revenues Slip for Second Year, But Profits Rise 11%
(DBN)

Law lets police be called on home smokers
(DBN)

Substantial bankruptcy sanction upheld
(DBN)

"All she did was ask how I was. That's all it took. I fell apart."
(DBN)

New Firm's Sassy Website Urges Potential Clients to ‘Reject Convention,’ Disses BigLaw
(DBN)

Companies Surpass Goal for Spending With Women- and Minority-Owned Firms
(DBN)

Lawyer vs. Lawyer vs. Lawyer: Ex-GlaxoSmithKline In-House Lawyer Wants Any Co-Conspirators From King & Spalding Named
(DBN)

Big Business Hiring More Women- and Minority-Owned Firms
(DBN)

Ave Maria Goes Back Into Hiding From Law School Transparency
(DBN)

Law professor to the (reality) TV stars?
(DBN)

Three law schools freeze tuition rates
(DBN)

Working Remotely, Lawyer Is OK After Quake; Prepped for Surgery, His Wife Also Survives
(DBN)

Can Lawyers Sell Their Services on Groupon?
(DBN)

Credit Suisse, Goldman, Google, Mazda, MERS, J&J in Court News
(DBN)

If You’re Not Using Facebook, You’re A Bad Lawyer
(DBN)

How Lawyers Can Protect Against Wi-Fi Security Risks
(DBN)

Cloud Computing Down to Earth: A Primer for Corporate Counsel
(DBN)

Legal fight over Facebook continues
(DBN)

The Worst Legal Industry Ad Ever?
(DBN)

Top 10 Strange Lawsuits Involving Disney World
(DBN)

Yogi Bear Busted
(DBN)

Granny Tasered for Threats With Knife
(DBN)

Religion: Redneck
(DBN)

Mug Shots
(DBN)

______________

Judges:

Judge Reprimand For improperly Issued Subpoenas
(DBN)

Judge’s Former Lucrative Career as Court-Appointed Lawyer Spurs Audit
(DBN)

100 Law Profs Lobby Congress to Apply Ethics Code to US Supreme Court Justices
(DBN)

McEwen sees justice in tell-all
(DBN)

______________

Wall Street:

Stock index futures signal more losses
(DBN)

UK Stocks Decline for Fourth Day
(DBN)

Cash Bonuses Down on Wall Street, Despite Profit
(DBN)

Goldman's Blankfein Opposed Raising Salaries Months Before His Own Tripled
(DBN)

Wall Street Remembers Joseph Flom
(DBN)

______________

Layoffs:

Higher-Paying Jobs Lost, but Lower-Paying Jobs Gained
(DBN)

The Liquidation of Society versus the Global Labor Revival
(DBN)

Private Hiring and Government Layoffs
(DBN)

Real House Prices and the Unemployment Rate
(DBN)

Huge Layoffs At TDB.com
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Litigation:

SAC Capital Legal Team Would Prefer It If Employees Kept Conversations Off The Grid
(DBN)

______________

Tax:

Four Bankers Charged With Helping US Taxpayers Hide $3 Billion
(DBN)

The Little People Pay Taxes
(DBN)

______________

Oil/Gas:

Seahawk Document Reveals Comedy of Errors on High Seas
(DBN)

Oil surges for 3rd day on Libya turmoil
(DBN)

Big Oil's $50B Libya Bet Not Lookin' So Good
(DBN)

Nomura: Oil May Surge to $220
(DBN)

Why the Disruption of Libyan Oil Has Led to a Price Spike
(DBN)

______________

Banking:

Banks Earned $21.7 Bill in Q4: FDIC
(DBN)

Banks recovering but need to lend more - US FDIC
(DBN)

A Revival, but Number of Problem Banks Grows
(DBN)

Problem bank list hits new high
(DBN)

Bank failures hit 18-year high in 2010
(DBN)

United Western Bank Claims FDIC Abused Power to Seize It
(DBN)

Step Off! Colonial BancGroup Bankruptcy Court Rejects FDIC Setoff Attempt
(DBN)

Bank Closings Tilt Toward Poor Areas
(DBN)

______________

Food/Drink:

Fifth Third out $46M on Giordano's pizza bankruptcy
(DBN)

Taking the Fuddruckers Out of a Burger Shop
(DBN)

______________

Trucking:

Arrow bankruptcy trustee files motion targeting lender TAB
(DBN)

______________

Packaging:

Constar Receives Court Approval Of Disclosure Statement
(DBN)

______________

Video Rentals:

Universal Demands Blockbuster Pay for Discs
(DBN)

Blockbuster Gets Late Notice on 'Scott Pilgrim,' Other Teen Flicks
(DBN)

______________

Derivatives:

No claim against bankrupt lender over repo deal default, 3rd Cir. says
(DBN)

______________

Education:

Two universities in disaster mode
(DBN)

______________

Credit Cards:

The good news only goes so far
(DBN)

______________

Economy:

Fed's Hoenig: Break Up Big Financial Firms
(DBN)

Congressional auditor raises stimulus cost estimate -- again
(DBN)

Democrats, Republicans Standoff on Spending Cuts as Shutdown Looms
(DBN)

Is the Government Shutting Down in Nine Days?
(DBN)

Oil price passes $99 per barrel
(DBN)

Oil Keeps Rally Going, Weighing on Global Markets
(DBN)

Rising Oil Prices Threaten Recovery
(DBN)

$100 oil's the pits
(DBN)

ATA Truck Tonnage Index increased in January
(DBN)

Budget Cuts Don't Bring Prosperity
(DBN)

How To Waste A $200 Million Federal Grant In Ten Years
(DBN)

The Real Force Behind Rising Food Prices
(DBN)

Does the U.S. Really Have a Fiscal Crisis?
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Existing-home sales rise as prices suffer
(DBN)

Foreclosures make up 26% of home sales
(DBN)

Fed economist pushes homebuyer down payment subsidy
(DBN)

Another law firm gets attention of Attorney General
(DBN)

Attorney and wife indicted for defrauding foreclosure
(DBN)

Foreclosure attorneys face criticism and anger
(DBN)

San Diego County foreclosures up 34% in January
(DBN)

Michigan Foreclosures-by-Advertising Catch Homeowners Off Guard
(DBN)

'Robo-signing' penalties expected soon
(DBN)

Report: $20 Billion Mortgage Servicer Settlement being Discussed
(DBN)

Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated
(DBN)

U.S. Pushes Mortgage Deal
(DBN)

Discount for foreclosed homes widened in 2010
(DBN)

Investors snap up cheap homes, new buyers miss out
(DBN)

Mortgage applications jump
(DBN)

MERS Endgame Nearing? One County Seeks Over $22 Million for Unpaid Recording Fees
(DBN)

MERS may owe commonwealth $200 million
(DBN)

MERS rights upheld in largest foreclosure state
(DBN)

Daniel Pennell: MERS Counsel Calls Me
(DBN)

Arizona Bill Would Void Home Foreclosures Without Complete Title History
(DBN)

MBA panel: Tread carefully when going after strategic defaulters
(DBN)

Architecture Billings Index shows no change in January
(DBN)

Borders Ch. 11 Impact on CRE
(DBN)

Potential buyer surfaces for Pioneer Village
(DBN)

IStar Taps J.P. Morgan to Help Raise $3 Billion in Debt
(DBN)

MBS Creator Lew Ranieri 'Bears Burden' Of Mortgage Meltdown
(DBN)

Lawyers say mortgage servicers are big targets for litigation
(DBN)

Freddie Mac wants mortgage servicers to open up and move faster
(DBN)

Fannie Mae to start grading mortgage servicers
(DBN)

FHFA'S DeMarco: Fannie, Freddie Close To Penalizing Mortgage Cos.
(DBN)

____________

Municipalities:

Koch Brothers' Money Fuels Wisconsin Fight
(DBN)

Wisc. Gov. Pranked by Reporter Posing as Conservative
(DBN)

Cheat Sheet: What’s Really Going On With Wisconsin’s Budget
(DBN)

Christie: Expect states across the nation to follow Wisconsin on public-sector costs
(DBN)

Wisconsin Exposes Deeper State Budget Crisis
(DBN)

Ind. official who urged 'Use live ammunition' on Wis. protesters loses job
(DBN)

A Solution To The Wisconsin Standoff
(DBN)

Dem Rep to unions: Time to get 'a little bloody'
(DBN)

Providence plans to pink slip all teachers
(DBN)

Detroit suburb to lay off entire fire dept
(DBN)

California: Revenue $1.4B Over Forecast
(DBN)

Illinois Sells $3.7 Billion Bond Easily
(DBN)
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Illinois Governor Seeks Federal Guarantees of State Debt
(DBN)

Jon Henes: Bankruptcy Law for States: Rhetoric Vs. Reality
(DBN)

Hartland among LePage's list of default risks
(DBN)

A Haunting Journey Into The Ruins Of Detroit
(DBN)

______________

Fraud:

Madoff trustee hits SEC's top attorney with suit
(DBN)

Trustee Gets Time to Fine-Tune Suit
(DBN)

Madoff: Lessons from a swindler
(DBN)

What Vikram Pandit Knew, and When He Knew It
(DBN)

Lloyds of London sues former Stanford executives
(DBN)

CFTC alleges Pembroke Pines forex scam
(DBN)

Ponzi Schemer's Wife May Salvage Life With Job At Scores
(DBN)

Feds have Hecker's girlfriend tossed into jail
(DBN)

Hecker's fiancée arrested at jail where he is being held
(DBN)

Defendant's wife spent on vacations
(DBN)

Bernie M. vs. Hosni M. Letter of the day
(DBN)

______________

Retailing:

Lowe's 4Q earnings up 39%
(DBN)

Target Quarterly Profit Up 10.5 Percent
(DBN)

Big retailers report robust quarterly profits
(DBN)

______________

Religion:

Archdiocese of Milwaukee Bankruptcy is Bringing Up Some Interesting Issues
(DBN)

______________

Newspapers:

Wayne County Publications files for Chapter 11 bankruptcy
(DBN)

______________

Autos:

GM tax deal costs $14 billion
(DBN)

Tough Truths From Chrysler CEO
(DBN)

GM seen posting first full-year profit since 2004
(DBN)

______________

Bankruptcy Crimes:

California Man Pleads Guilty to Bankruptcy Fraud Charges
(DBN)

Lawyer couple charged with fraud
(DBN)

______________

Celebs:

Judge Tells Lindsay Lohan She Will Go to Jail If She Takes Offered Plea in Necklace-Theft Case
(DBN)

Deceased Hollywood Star's Home Put Up for Sale
(DBN)

‘Drive Angry 3D’ Takes Nicolas Cage To Hell and Back
(DBN)

______________

Golf:

What to Do with All the Foreclosed Country Clubs?
(DBN)

Taberna golf course owners file for bankruptcy
(DBN)

______________

Guns:

Sabre bankruptcy called 'bad faith' move
(DBN)

Trustee will oversee Sabre affairs
(DBN)

______________

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)

______________

Claims Trading:

Trading away priority? Implications of Seventh Circuit decision in United Air Lines on bankruptcy claims trading & contract assumption
(DBN)

______________

Insurance:

European insurers spooked by fresh capital fears
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

DIP Finance:

Borders' DIP Financing and Risk Weights
(DBN)

______________

Lehman:

Barclays could get £500m after Lehman Brothers victory
(DBN)

Barclays, After Victory, May Face Writedown of Lehman Assets
(DBN)

Why the Lehman Case Was Special
(DBN)

______________

Distressed Debt:

Vulture funds in distress
(DBN)

Investors Recover More in Latest Default Cycle
(DBN)

Distressed-Debt Holders Fare Better
(DBN)

______________

Corporate Reform:

GOP targets consumer bureau
(DBN)

Treasury Names Five Consumer Financial Protection Bureau Leaders
(DBN)

Don't doom CFPB before it begins
(DBN)

US Consumer Bureau's Warren: Enforcement Will Be Key
(DBN)

Dodd-Frank Requires ‘Tsunami’ of Rules
(DBN)

______________

Aviation:

Airfares Are Chasing Oil Prices Higher
(DBN)

______________

UK:

Insolvency Service looks to overhaul regulations
(DBN)

There's A Banker In England Who Is Patrolling The Streets At Night As A Real-Life Superhero
(DBN)

Appointment of Administrators - 23 February 2011
(DBN)

Winding Up Petitions - 23 February 2011
(DBN)

Company director is banned for 12 years for breaching bankruptcy rules
(DBN)

44% with mental health problems have crisis debts - 5x everyone else
(DBN)

______________

EU:

Europe Economic Confidence Rises More Than Forecast
(DBN)

______________

Canada:

The Century Services case - getting the Crown's priorities straight
(DBN)

Dumoulin blames supplier for bankruptcy filing
(DBN)

______________

Germany:

Weber Says Debt-Burdened Nations May Face “Most Painful Passage”
(DBN)

______________

Greece:

Greek riot police, protesters clash during strike...
(DBN)

Economists: Greece May Have to Quit Euro
(DBN)

______________

Portugal:

Portugal's Debt D-Day Nears
(DBN)

______________

Spain:

Aegis Sees $40 Million Hit From Ailing Spanish Client
(DBN)

Zapatero Extends Lead Over Socrates in Debt Race
(DBN)

______________

Ireland:

RBS recovery undermined by Irish losses
(DBN)

Drumm to appear in court again
(DBN)

Irish Remedy for Hard Times: Leaving
(DBN)

______________

Middle East:

Report: Gaddafi orders sabotage of oil facilities
(DBN)

'Internecine Warfare' Between Qaddafi's Children Escalating
(DBN)

West Saw Gadhafi as Indispensable
(DBN)

Libya Oil Crisis is No Big Deal
(DBN)

Gaddafi loses more Libyan cities
(DBN)

Libya Split as Qaddafi Holds Tripoli, Rebels Control East
(DBN)

Libya Crumbles Around Gadhafi
(DBN)

Qaddafi's Private Mercenary Army Is Stunningly Large
(DBN)

Gadhafi's Forces Attack Libyan Cities
(DBN)

Qaddafi Loyalists Hold Tripoli as Lines Harden With Opponents
(DBN)

Libyan Pilots Defect Midair
(DBN)

Inside the Strange World of Muammar Qaddafi
(DBN)

Gadhafi controls $32 billion, turned down Madoff
(DBN)

As Oil Explodes Higher, And Libya Deteriorates, Western Nations Prepare To Intervene
(DBN)

Deutsche Bank: Surging Oil Is About To Be A Key Threat To Global Growth
(DBN)

Ex-Justice Minister: Gadhafi Ordered Lockerbie Bombing
(DBN)

State Dept tries to evacuate Americans by boat...
(DBN)

US Reviewing Options, Considering Sanctions On Libya
(DBN)

Thousands Fleeing Libya Anyway They Can
(DBN)

Life In Tripoli, The "City In The Shadow Of Death"
(DBN)

Turkey launches biggest ever evacuation
(DBN)

Saudi King Confirms He's Terrified Of Revolution
(DBN)

King orders $37 billion in handouts to citizens
(DBN)

Saudi Arabia's Social Programs, Popular King May Hold Off Mideast Tumult
(DBN)

Egypt protesters set cars alight in Cairo
(DBN)

Economics and Democracy in Egypt
(DBN)

50,000 Homeless Youth Overrun Cairo
(DBN)

UAE Insolvency Reform To Remain On Policy Agenda
(DBN)

______________

Korea:

One More Savings Bank Shut Down
(DBN)

Deutsche Bank Gets Six-Month Trading Ban in South Korea
(DBN)

______________

China:

Chinese Consumer Confidence Hits Lowest Level Since '09 - Everyone Expects More Inflation
(DBN)

 

______________

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Copyright 2011