February 3, 2011

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Howrey Loses 11 Lawyers to Morgan Lewis
(DBN)

What will happen with Howrey's debt if most partners who receive offers accept them and no formal merger with Winston is completed?
(DBN)

Winston moves to sign Howrey partners as tie-up talks collapse
(DBN)

Howrey Chairman Presses Partners to Act on Winston Offers
(DBN)

Akin Gump posts PEP of $1.6m on back of small revenue rise
(DBN)

Staffers Working 24/7 at Mayer Brown During the Blizzard
(DBN)

Could Austerity Be a Word of the Past for Big Law?
(DBN)

Chadbourne Names New Bankruptcy Counsel
(DBN)

Reprimand Not Imposed On Bankruptcy Lawyer For Possible Knowing Misappropriation
(DBN)

DLA Piper puts clients at center of new three-year strategy
(DBN)

Fire That General Counsel! When a Top Lawyer Upsets the Wrong Republican
(DBN)

Chevron Files RICO Suit Against Plaintiffs Lawyers in Ecuador Pollution Case
(DBN)

Greed Atop The Pyramids
(DBN)

British BigLaw Firm A&O Plans to Shift Back-Office & Legal Support Workers to Distant Location
(DBN)

The Great Recession led to a ten-year low in lateral partner moves
(DBN)

Selling Foreclosure Firm’s Back Office Earned $60M for Attorney David Stern
(DBN)

Postcards From Prison
(DBN)

Sought in Murder Manhunt, Armed Georgia Lawyer Flees into Woods, Commits Suicide
(DBN)

Cobell Attorneys Seek $223 Million
(DBN)

Colo. Secty of State Changes Mind, Won’t Moonlight at Former Law Firm After All
(DBN)

Law School Grading Controversies — at Chicago, Cornell, and Buffalo
(DBN)

2L Glad He’s No Longer a ‘Pariah’ After Syracuse Drops Probe of Satirical Blog
(DBN)

Can This Marriage Be Saved? Two Spouses, Both Lawyers, Each Hate Practicing. What to Do?
(DBN)

Lawyer Sanctioned for Leaking Name of Witness in High-Profile Litigation
(DBN)

Oxford Grad Blames UK Law School for Failing NY Bar Exam, Sues for $162K
(DBN)

Cardozo Students Need Walking Instructions
(DBN)

CPA's Stellar Law School Career Screeches to a Halt as St. John's Rescinds His Admission
(DBN)

Lawyers With Gadgets: Resistance Is Futile
(DBN)

Ex-Clifford Chance secretary receives 15-month jail sentence for expenses fraud
(DBN)

Do Not Buy This For Any Lady At Your Office
(DBN)

Leave the Labels for Lawyering; Be Unbiased in Love
(DBN)

"I don't care if I lose my license. I don't care if I lose my life."
(DBN)

Lawyer: "I Communicate With Spirits"
(DBN)

Spitball-Equivalent Incident Gets Boy, 14, Expelled From High School and Criminally Charged
(DBN)

______________

Judges:

Obama's Lawyer Previews New Push to Confirm Judges - The BLT: The Blog of Legal Times
(DBN)

State Supreme Court justice received $99K in gifts from lawyer
(DBN)

Snow Holiday to Extend Through Thursday at Cook County Courts After Chicago Blizzard
(DBN)

At the Supreme Court, could legal precedent be less important than popular opinion?
(DBN)

Judge cannot display 10 Commandments
(DBN)

______________

Wall Street:

Futures see little change on Wall Street open
(DBN)

European shares set to slip as rally loses steam
(DBN)

Wall Street Compensation Hits Record High
(DBN)

Why Wall St. Paychecks Dwarf Ours
(DBN)

Beware the WSJ’s pay statistics
(DBN)

Gender Gap on Wall Street--Do Top Women Bankers Care?
(DBN)

Supermodels who have a thing for Wall Street guys
(DBN)

______________

Layoffs:

Private Sector Jobs Jump 187,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Flight Cancellations Top 5,000 for Second Day
(DBN)

"Do not try to physically attack customers. Many of them will be older people"
(DBN)

______________

Autos:

S&P Upgrades General Motors
(DBN)

______________

IP:

Bidders Emerge for Nortel Patents
(DBN)

______________

Golf:

Appletree Golf Course goes for $1.45 million in foreclosure
(DBN)

______________

Fraud:

Guy de Chimay, who claimed ties to Belgian royalty, pleads guilty to Ponzi
(DBN)

Lawyers: Sterling Defendants Don't Owe Madoff Trustee Money
(DBN)

How Much Damage Has Bernie Madoff Done the Mets?
(DBN)

Judge sends $84 million message
(DBN)

'Ill-gotten' Stanford gains could come back to haunt ECB as creditors seek redress
(DBN)

Rothstein properties to be sold by feds
(DBN)

Rochester bank pays price for bad bets
(DBN)

Merrill Lynch and Bank of America Say They Were Rolled for $90 Million in L.A.
(DBN)

Denny Hecker asks judge for 8 years - and more
(DBN)

______________

Economy:

Only 26% of Americans Trust Financial System
(DBN)

43 Million Use Food Stamps
(DBN)

Wealth gap widens between super rich and rest
(DBN)

S&P says no plans to cut US rating in medium term
(DBN)

Interest on Natl. Debt About to Skyrocket
(DBN)

5 Economic Changes that Will Raise Food Bills
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Foreclosed Homeowners Go to Court on Their Own
(DBN)

Home prices showing life in 2011
(DBN)

Shadow inventory to push foreclosures to new heights
(DBN)

Estimated 1.76 million mortgages modified last year
(DBN)

DBRS finds half of mortgage modifications redefault
(DBN)

Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks
(DBN)

How Many Folks Have “Lost Their Homes” to Foreclosure/Short Sales/DILs?
(DBN)

US Sen. Hagan 'Very Concerned' About Mortgage Rules
(DBN)

Proposed class action targets BofA on foreclosures
(DBN)

Bad housing advice of the day, Philly edition
(DBN)

America’s Kitchen and Bath Dealers Optimistic
(DBN)

Recession's Toll on Low Income Renters
(DBN)

Out-of-state real estate owners spark complaints from Detroit area activists
(DBN)

Phoenix distressed home sales rise, but market remains tepid
(DBN)

Hawaii house advances Mortgage Foreclosure
(DBN)

Manhattan condo prices hit 2010 peak in November
(DBN)

One Madison Developer Uses Company Card for Miley Cyrus Tickets
(DBN)

Two former Countrywide executives settle California lawsuit for $6.5 million
(DBN)

Money from Countrywide settlement to aid homeowners
(DBN)

Call for balancing mortgage servicer fee by loan performance
(DBN)

CMBS takes a beating as delinquencies reach record high
(DBN)

MIT Index Shows Gains for Commercial Property Prices
(DBN)

Investment in CRE expected to grow 25% worldwide in 2011
(DBN)

Commercial Real Estate Collapse Already Here
(DBN)

Super Bowl Winners Born of Hard Work, Office Vacancy
(DBN)

_____________

Mass Torts:

Judge finds Feinberg not independent of BP
(DBN)

BP Gulf of Mexico oil spill fund 'underpaying victims'
(DBN)

Kenneth Feinberg: Most oil spill victims to get twice their 2010 losses
(DBN)

BP's Promises Still Not Kept
(DBN)

Gulf coast recovery expected in 2012
(DBN)

Kenneth Feinberg Sees a Quick Recovery for the Gulf—So Get Your Money Now
(DBN)

Commission faults agency, industry, in gulf spill
(DBN)

Oil spill triggers BP's first annual loss in nearly 20 years
(DBN)

______________

Oil/Gas:

Brent crude tops $103 as Egypt violence escalates
(DBN)

______________

Hotels:

Biltmore owners file bankruptcy
(DBN)

Hotel Mead to stay open after foreclosure
(DBN)

Hard Rock Hotel files lawsuit over lender's foreclosure
(DBN)

Pittsburg: Work at Downtown hotel delayed again
(DBN)

______________

Banking:

FDIC distressed assets a hot buy for leveraged investors
(DBN)

The Ruinous Fiscal Impact of Big Banks
(DBN)

______________

Derivatives:

SEC Proposes Swap Trading Facilities
(DBN)

______________

Municipalities:

Christie Says 'Sue Me' as Pensioners Challenge Cuts
(DBN)

Cuomo's NY budget calls for spending cuts, layoffs
(DBN)

Bell city official threatens to cut budget if council doesn't meet
(DBN)

Jefferson County officials meet with sewer debt creditors
(DBN)

A Long Island tax cut backfires on the Tea Party
(DBN)

Bloomberg Seeks a Sweeping Overhaul of City’s Pensions
(DBN)

Snow Day? Bloomberg Tells City Workers to Disobey
(DBN)

Vallejo settles with one of its largest creditors
(DBN)

Moody's Begins Treating Pension Liabilities like Bond Debt
(DBN)

______________

Retailing:

What A Borders Bankruptcy Could Mean For Barnes & Noble Investors
(DBN)

______________

Tax:

The 16 Profitable Companies That Pay Almost Nothing In Taxes
(DBN)

______________

Payroll Services:

Raid of Sommet execs' home cut short with bankruptcy filing
(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)

______________

Miscellaneous:

Southwest Georgia Ethanol, Townsends, Charlie Browns: Bankruptcy
(DBN)

______________

Insurance:

Eighth Circuit emphasizes importance of reading D&O
(DBN)

______________

Sales:

Senior Lenders “Shocked” By Sale Order Holding Second Liens Have Standing to Oppose Sale
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Museums:

Defaulting Folk Art Museum Says It Won't Sell Works to Pay Debt
(DBN)

______________

Religion:

Del. diocese settles with abuse claimants for $77M
(DBN)

Foreclosure crisis hitting some churches
(DBN)

______________

Corporate Reform:

White House's Warren Backs Consistent, Not Burdensome, Rules
(DBN)

CFPB will push for clearer language
(DBN)

Warren Seeks to Promote Consumer Bureau Benefits
(DBN)

Agencies tell Congress they need money
(DBN)

S.E.C. Hurt by Disarray in Its Books
(DBN)

S.E.C. Proposes Rules on Derivative Prices
(DBN)

______________

UK:

UK Service Industries Return to 'Pre-Snow Growth'
(DBN)

Growing North/South divide fuels fears of a “two-speed recovery”
(DBN)

2011 will see the highest levels of personal insolvency on record
(DBN)

Official 2010 Corporate Insolvency statistics won’t reflect pain of UK businesses
(DBN)

Winding up Petition (Dismissals) - 2 February 2011
(DBN)

Appointment of Administrators - 2 February 2011
(DBN)

______________

EU:

Trichet Fights to Curb Pay Pressures as Inflation Accelerates
(DBN)

To Cement Euro Rescue, Merkel Seeks Unity in E.U.
(DBN)

EU's Consumers Going Into Their Shells
(DBN)

______________

Ireland:

S&P Downgrades Ireland's Debt Rating
(DBN)

'Tribune' In Receivership After IN&M Pulls Out
(DBN)

Debt-Burdened Ireland Faces Feb. 25 Election Date
(DBN)

______________

Canada:

Business failures hit new low as economy rebounds
(DBN)

Supreme Court Rules that GST Debt is Unsecured Under CCAA
(DBN)

Insolvency and Restructuring, 2011
(DBN)

______________

Egypt:

Military steps in between Mubarak foes, supporters
(DBN)

Fresh violence feared in Egypt
(DBN)

The White House Is Furious At Mubarak, And Is Demanding The Transition Begin Right Now
(DBN)

ElBaradei's Role Is Cast in Doubt
(DBN)

Battered protesters remain after deadly Egypt clashes
(DBN)

Mubarak Reveals a Brutal Plan to Hold Power
(DBN)

A landscape lies in tatters, but a movement stands its ground
(DBN)

Watching Thugs With Razors and Clubs at Tahrir Sq.
(DBN)

Mubarak Loyalists Target Foreign Journalists
(DBN)

CNN's Anderson Cooper Attacked in Egypt
(DBN)

Amanpour: Angry mob surrounded us, shouting they hate America
(DBN)

______________

Middle East:

Syrians Call for "Day of Rage" Protests
(DBN)

Turmoil Hits Yemen
(DBN)

______________

Iceland:

Kaupthing Committee Rejects $28.5 Billion in Creditor
(DBN)

______________

Spain:

Spanish Bank Tackles Toxic Assets
(DBN)

______________

Portugal:

Portugal’s Borrowing Costs Drop Amid Optimism About Debt Crisis
(DBN)

______________

Russia:

Police Search Deutsche Bank Office in Russia
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).

 

Copyright 2011