February 8, 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:

Pay Gap Widens at Big Law Firms
(DBN)

Dewey Beefs up Bankruptcy Practice With Addition of 10 Lawyers
(DBN)

The Superstar Effect
(DBN)

Number of Jobs in the Law Grew Last Month
(DBN)

Downsides of Upward Review?
(DBN)

Defections grow at Howrey
(DBN)

Will Howrey Defections Become an ‘Avalanche’? Answer Could Come in Days
(DBN)

When Law Firms Are Bleeding, Rivals Show No Mercy
(DBN)

Firm vows: no more drudge work for associates
(DBN)

McCarter & English Raids Robinson & Cole; Of 7 New Lawyers, 3 Were Practice Chairs
(DBN)

Dechert's revenue falls by $65m but profits edge up
(DBN)

BigLaw Alum Tapped as New GC for SEC
(DBN)

Calwalader Gross Dips for 4th Year, But PPP is $2.39M; Akin Gump PPP Soars 10.4% to $1.6M
(DBN)

If Cadwalader Makes It Rain, Many More Firms Will Have to Follow
(DBN)

Has Downturn Provided ‘Protective Cover’ to Top Equity Partners?
(DBN)

As Fight Sheds Light on Firm's Woes, Convicted Partner Comes Out Millions Ahead
(DBN)

UK: Law firms face survival battle
(DBN)

Pucker Up and Kiss Your Legal Job Goodbye: How to Quit
(DBN)

In-House: The Sins Of Inside Counsel
(DBN)

BFF: A&O indefinitely extends relationship with India referral firm Trilegal
(DBN)

Shapiro & Fishman hires law partner to lead foreclosure litigation team
(DBN)

Life Without Westlaw or Lexis?
(DBN)

Fear and Loathing in LegalTech
(DBN)

Does Technology Create Work/Life Balance or Work/Life Merge?
(DBN)

Lawyer of the Month Restores Faith in Humanity
(DBN)

Villanova Scandal Watch: More Cryptic Emails From the Dean
(DBN)

Washington & Lee Law School Gets Even More Transparent
(DBN)

Defense Attorney Will Poke Appeals Court Over Juror’s Right to Privacy
(DBN)

Attorney Censured For Hand Gestures During Depo
(DBN)

Second Circuit Sanctions Attorney, Client for Filing Frivolous Appeal
(DBN)

Chicago Lawyer Died in Blizzard After Apparently Falling in to Lake Michigan
(DBN)

McDonald's Sued After Workers Brand Disabled Man With Swastika
(DBN)

Wife & Alleged Victim of Lawyer Accused in Contract Hit Case Holds His Hand En Route to Arraignment
(DBN)

Coffee Shop Owner Guilty of Indecent Exposure Due to Skimpy See-Through Shorts on 'Bikini Barista'
(DBN)

______________

Judges:

Introducing ‘The Worcester,’ the Latest in Judicial Maneuvers
(DBN)

Constitutional showdown
(DBN)

Judge Ignores State Supreme Court Ruling After Deciding It’s Just Plain Wrong
(DBN)

______________

Wall Street:

 

US Stocks Rise as Dow Gains a Sixth Straight Day
(DBN)

______________

Layoffs:

Factories Boom with Few New Workers
(DBN)

US Layoffs Becoming More Rare
(DBN)

More than 1,000 laid off in grocery bankruptcy
(DBN)

7 Years to Get Back to Old Employment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

FDIC Shifts Burden for Assessments to Bigger Banks
(DBN)

FDIC will base insurance charges to banks on risk, not deposits
(DBN)

______________

Municipalities:

Dewey & LeBoeuf Hires Municipal Bankruptcy Specialist and His 9-Lawyer Team
(DBN)

Governors Tell Gringrich: " Bankruptcy Is Not For Us"
(DBN)

Why All the Noise About Muni Bankruptcies?
(DBN)

The Good and Bad about Bankruptcy for States
(DBN)

Breckinridge Capital Advisors Challenges State-Level Bankruptcy
(DBN)

For Cities And States, More Money Trouble
(DBN)

The federal government needs a 'state fiscal task force'
(DBN)

Are Michigan municipal bankruptcies coming?
(DBN)

Detroit Entices Officers With Homes
(DBN)

'Bo's Bridge' Barrels Toward Bankruptcy
(DBN)

Texas Finances Not as Rosy as Seemed
(DBN)

Renewed warning about injured worker fund
(DBN)

______________

Credit Cards:

US credit card debt rises for first time since collapse of Lehman Brothers
(DBN)

Regulations Will Cost Card Industry $25 Billion A Year
(DBN)

______________

Soccer:

Aston Villa's goalkeeper Brad Friedel fights bankruptcy judgement
(DBN)

______________

Movies:

$635000 recovered in La. studio bankruptcy case
(DBN)

______________

Television:

Creditors Spar Over Proposed Dish Buyout
(DBN)

______________

Non-Profits:

America's Wealthy Turn Less Charitable
(DBN)

______________

Seminars:

7th Annual Wharton Restructuring and Turnaround Conference: “Eye of The Storm? Navigating The Economic Recovery”
(DBN)

______________

Economy:

By 1 Measure: Federal Taxes Lowest Since 1950
(DBN)

Food Stamp Rolls Reach Record High
(DBN)

Homeless count finds more living couch-to-couch
(DBN)

President Obama's on-again, off-again relationship with the Chamber
(DBN)

Obama Presses Business Leaders to Hire and Invest
(DBN)

The Chamber Speech: The Debates About Regulation and the Social Contract
(DBN)

Chamber claps twice for Obama
(DBN)

Profits 'have to be shared by American workers'? Well, yes
(DBN)

Two Competing Views On America's Economic Future
(DBN)

US Facing $70 Billion Inflation Hit
(DBN)

Bernanke's Biggest Blunders
(DBN)

Bernanke steps up outreach to GOP, media in wake of midterm elections
(DBN)

The Real Effect of Reaganomics
(DBN)

Inequality, the new dynamic of history
(DBN)

Foreclosures raise US economic stress
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

US Mortgage Market Should Be `Purely Private,' Congressman Garrett Says
(DBN)

Reduction in Fannie, Freddie Loan Limits Favored
(DBN)

Debate Begins: Facts on Freddie and Fannie
(DBN)

US should step back from mortgage business, industry leaders say
(DBN)

Foreclosures: The Hits Keep Coming
(DBN)

ASF panel asks why mortgage servicers risk so much, yet make so little
(DBN)

BarCap reveals a new mess in mortgage servicing: Remittance reports
(DBN)

Alabama begins new program to disburse $162 million to prevent foreclosure
(DBN)

Researcher studies foreclosures' impact on kids
(DBN)

Did Obama Break His Pledge to Force Banks to Help Homeowners?
(DBN)

Foreclosures quicken in 2011 following record year
(DBN)

Mortgage modifications drop 57% from 2009 peak: Fitch
(DBN)

Few rush for federal aid
(DBN)

Outlook looks weak for home building
(DBN)

S&P: Loan mods fail to keep distressed borrowers afloat
(DBN)

Do Strategic Defaults Increase Consumer Spending?
(DBN)

Ranches Go From $38 million, to eBay, to Auction
(DBN)

Cash Buyers Lift Housing
(DBN)

Mastro bankruptcy trustee gets $3M judgment
(DBN)

Trevor Davis, surrounded by lenders, digs in
(DBN)

FDIC sues developer Jim Rhodes over real estate loan
(DBN)

CalSTRS set to lose nearly $73 million
(DBN)

Colleyville developer files for bankruptcy
(DBN)

Judge Sides With Lenders On South Edge Chapter 11
(DBN)

West Seattle 'hole' foreclosure auction opposed
(DBN)

Equifax introduces "default distance" to measure likelihood of mortgage default
(DBN)

Fannie Mae multifamily funding drops 14% in 2010
(DBN)

Investors Waiting to Buy Foreclosed Properties
(DBN)

Ex-HomeGold executive loses appeal of sentence
(DBN)

_____________

Finance:

Banks Reach Out to Small Firms
(DBN)

Is Lending to Small Business Really Up?
(DBN)

______________

Compensation:

FDIC seeks delay in bonuses for top bank execs
(DBN)

______________

Hotels:

US Bankruptcy Court Orders Sale of JFK Plaza Hotel
(DBN)

______________

Litigation:

Prior Years' Filing Trends Carry Over as 2011's First Credit Crisis Securities Suit Arrives
(DBN)

______________

Retailing:

Retail Executives Out After Holidays
(DBN)

Ultimate Plans to Close All Stores
(DBN)

Weak Consumer Sales Climate
(DBN)

______________

Religion:

Milwaukee archdiocese files financial statements in bankruptcy case
(DBN)

St. Paul School first casualty of settlement
(DBN)

______________

Personal Finance:

Economic Woes Can Strengthen a Marriage
(DBN)

______________

Celebs:

Apprentice Winner Embroiled in Bankruptcy Issue
(DBN)

Gary Coleman's ex wife says she's homeless
(DBN)

Celebrity Tax-Dodgers Keep the IRS Busy
(DBN)

______________

Golf:

Ford's Colony Country Club Bankruptcy Update
(DBN)

Posh Reynolds Plantation may sell off golf courses
(DBN)

______________

Bankruptcy Crimes:

Amana couple are sentenced
(DBN)

______________

Autos:

The Real Power Behind the GM Throne
(DBN)

Ford to Cut Another 100 Lincoln Dealers
(DBN)

Toyota Raises Full-Year Forecast Despite Drop in Quarterly Profit
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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 Year In Bankruptcy: 2010
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Hit 2-Year Low in January
(DBN)

Bankruptcy filings hit record on North Coast
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Statutory Interpretation:

In Doubtful Cases, Rule For The Creditor
(DBN)

______________

Bankruptcy Poetry:

Borders
(DBN)

______________

Mass Torts:

Asbestos exposure stories contradict in civil and bankruptcy courts, Garlock says
(DBN)

Lawyer Says Feinberg's Payment Plan for Oil Spill Victims 'Borders on Delusional'
(DBN)

______________

Corporate Reform:

Are Whistleblower Payouts Just Too High?
(DBN)

Opie Taylor helps launch Consumer Financial Protection Bureau
(DBN)

Consumer Finance Protection Bureau Taking It To the Street
(DBN)

Wall St. Joins S.E.C. in Plea for Bigger Budget
(DBN)

______________

Fraud:

Mets Owners Face Novel Claim in Madoff Clawback
(DBN)

For Mets' Owners, Court Fight Could Be Costly
(DBN)

David Wright offers assistance to New York Mets' ownership
(DBN)

Who's behind bogus “Bernie Madoff” auction?
(DBN)

SEC missed Bernie Madoff's fraud: Now former lawyers earn millions at top firms
(DBN)

Madoff trustee sues Daibes
(DBN)

Ex-Lehman Executives, Underwriters Accused by Calpers of Hiding Bond Risks
(DBN)

Citigroup Settles Fraud Cases Tied to Texas Mortgage Assigner
(DBN)

______________

M&A:

Mergers are Back
(DBN)

Bracing for Pain
(DBN)

______________

Trucking:

Arrow Trucking trustee seeks to adjust fee for bank litigation
(DBN)

______________

UK:

U.K. Banks Join Transparency Push
(DBN)

Insolvency - A Review of 2010 and Trends to look for in 2011
(DBN)

Property company voluntary arrangements jump by a third as businesses seek to compromise with creditors
(DBN)

Retail sector shows signs of optimism as business failures fall in Q4 2010, but the worst is yet to come
(DBN)

Appointment of Administrators - 7 February 2011
(DBN)

Winding Up Petitions - 7 February 2011
(DBN)

Bankrupt Katona rents £5500-a-month mansion
(DBN)

Get tough approach to deferring tax could spark raft of business failures
(DBN)

Administration-struck Dundee to offer deal to creditors
(DBN)

Taggart Brothers Say Bank's Behaviour Prevented Possible Recapitalisation Of Business
(DBN)

IFR-EMI’s Pre-Pack Bombshell Makes Waves
(DBN)

______________

EU:

After the Great Recession, the Great Regression
(DBN)

______________

Canada:

Davies Partner Mark Schrager appointed a Québec Superior Court judge
(DBN)

Equity Claims Under the Companies’ Creditors Arrangement Act
(DBN)

______________

China:

China raises interest rates
(DBN)

______________

PIGS:

Bruegel: Greece Has Become Insolvent
(DBN)

Ireland's Fine Gael Seeks Bank-Debt Plan
(DBN)

______________

Denmark:

Bank's three-year struggle ends in bankruptcy
(DBN)

Denmark Seizes Amagerbanken
(DBN)

Danish Taxpayers Could Pay Billions for Amagerbank's Breakdown
(DBN)

Danish Banks Face Consolidation Amid Bondholder Losses
(DBN)

A senior haircut precedent in … Denmark
(DBN)

______________

Middle East:

Gulf leaders hear rumblings of dissent
(DBN)

Japanese Bank Sells $100 Million In Dubai World Debt
(DBN)

______________

Egypt:

Warning Against Hasty Exit for Mubarak
(DBN)

Cairo: Some Semblance of Normality Returns
(DBN)

______________

India:

India needs strong insolvency
(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-lumn 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 2010