January 17, 2011

The Daily Bankruptcy News

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Law:

Damn Demand, Here's Your Supply: Number of Lawyers Surge Despite Recession
(DBN)

Too many lawyers - does the profession’s growth 'defy gravity'?
(DBN)

Mentorships are made mandatory
(DBN)

Solicitor ranks buck tough economy to swell by 7% in 2010
(DBN)

The Two Faces of K&L Gates
(DBN)

Freshfields bosses vow to focus on fee-earning
(DBN)

Average In-house Counsel Salaries: Are They ... Sunny for 2011?
(DBN)

Bankruptcy Group Of The Year: Cadwalader
(DBN)

Litigator of the Week: Marc Kasowitz of Kasowitz, Benson, Torres & Friedman
(DBN)

Law School Deception
(DBN)

Lawsuit Loans Add New Risk for the Injured
(DBN)

Newly Merged Megafirm Brings in NY Pro to Craft Strategy for What's Next
(DBN)

Ex-Dewey Partner Withdraws Bias Suit
(DBN)

Locking out older partners? The least-defended minority
(DBN)

Furnishings of attorney's mansion to be sold
(DBN)

2nd Former Ropes & Gray Associate Pleads Guilty in Insider-Trading Case
(DBN)

$0 for Clients, $6.5 Million for NY Firms? Seems Fair to NY Firms
(DBN)

Why DuPont went outside its own network to use Skadden
(DBN)

New Year a Blast for M&A; Will the Party Last?
(DBN)

After Years, Even Decades, the Exonerated Leave Prison Walls Behind—Only to Find New Barriers
(DBN)

Law Firm Profitability and its Impact on the Client
(DBN)

Letters - Law Students, Loans and the Hunt for Jobs
(DBN)

Philadelphia Partners Earn and Bill Less Than National Counterparts
(DBN)

Since the beginning of the the recession, some observers have predicted the demise of the big law firm leverage model. Are they correct?
(DBN)

Lawyer Gets Revenge for Early Morning Robocall
(DBN)

How to Fill the Big Shoes of the New Legal Manager Position
(DBN)

Kiss Me, Law Firms, Gently ... How to Woo In-House Counsel in 2011
(DBN)

Suit Accuses Ga. Law Firm of Usury for Recommending Hard Money Loan
(DBN)

Akin Gump apologizes for 'inappropriate' post by partner on man's prayer
(DBN)

Conn. Prosecutor Quits Amidst Probe of Possible ‘Too-Friendly Relationship’ with Defense Lawyer
(DBN)

Giving Birth Proves You Will Be a Tough Lawyer
(DBN)

Yale Law Prof Amy Chua Backs Away from Controversial Claims About Superiority of Chinese Mothers
(DBN)

Looking to Catch Up on the Amy Chua Phenomenon?
(DBN)

Money Manager Accused of Death Threats Against Securities Lawyers, Top Regulators
(DBN)

Bill Lerach, Outta Jail and ‘At Peace’
(DBN)

Disbarred Partner Blames Trampoline for Female Divorce Client’s ‘Soreness’
(DBN)

"I'm always amazed that a suit in heels, a skirt, and pearls can possibly run so fast"
(DBN)

10 Tricks To Try If Your Emails Are Getting Ignored
(DBN)

Clifford Chance and Microsoft plan new dawn for legal market IT
(DBN)

A&O, Nabarro and Simmons post retention rates for 2011
(DBN)

Australia: 'Messiah-like figure' is doing own harvesting
(DBN)

Just Because He's a Thief, Doesn't Mean He Shouldn't Be a Lawyer, Seriously
(DBN)

Juror on Hot Seat, Accused of Web-Surfing; Claimed Research May Cause Capital Murder Case Mistrial
(DBN)

Lack of English Ability No Bar to Cat’s Jury Duty
(DBN)

Drinking While Riding Your Burro Is Still Legal!
(DBN)

Top 5 Donuts for a Contemporary Practice
(DBN)

Firm Alleges Former Employee Stole More Than $100,000
(DBN)

Penn Law Professor Too Lazy To Come Up With New Multiple Choice Questions Causes Exam SNAFU
(DBN)

UC Irvine Reaches Into the Ivy League for New Hires
(DBN)

Court rules defendant can be forcibly medicated to stand trial
(DBN)

Man Runs for 30 Years, But In the End, He Can’t Hide
(DBN)

Farm Animals Not 'Motor Vehicles' for Purposes of DWI Charge
(DBN)

______________

Judges:

Supreme Court justices are not laughing at you. They're laughing with you.
(DBN)

Gov. Christie plans to nominate lawyer who represented post-9/11 federal detainees for N.J. judgeship
(DBN)

Pa. Inmate Accused of Offering Cash and Harley for Slaying of Judge, 2 Others
(DBN)

Distraught Litigant Aims Gun at Own Head Before Judge Talks Him Into Giving Up
(DBN)

‘Babe’-Loving NY Lawyer Suspects Female Justices Helped Nix His Ladies Night Appeal
(DBN)

One Man's Odd Fight Against Ladies' Nights
(DBN)

Judge Advises Lawyers to Lighten Up
(DBN)

Judge Censured for Minding Too Much of His Own Business
(DBN)

Judge Dies Suddenly During Medical Exam
(DBN)

Porteous impeachment: a first
(DBN)

Federal Judge on Arizona: ‘I’m Sure All Judges Are . . . Distracted’
(DBN)

Sea of mourners bids adieu to slain Judge John Roll
(DBN)

Roll is laid to rest: 'Papa is in heaven'
(DBN)

Jurist went by to greet, thank his old friend Gabby
(DBN)

Tucson bishop buries dear friend
(DBN)

Judges Present Range of Part-Time Job Requests in Pursuit of Extra Pay
(DBN)

Federal Judge Vexed on Remedy Videotape Destruction
(DBN)

______________

Wall Street:

China Stocks Slide, Asia Mostly Lower
(DBN)

European Stocks Increase for Second Week
(DBN)

J.P. Morgan Investment Bank Doled Out $369,651 Per Employee
(DBN)

Anger as Chase Bankers Get $10B in Bonuses
(DBN)

Taxpayers Back Goldman's Facebook Madness
(DBN)

Small Firms Got Early Jump on Facebook Deals
(DBN)

Goldman Releases More Crisis Losses
(DBN)

______________

Layoffs:

Where the Jobs Aren't
(DBN)

Borderless Economy, Jobless Prosperity
(DBN)

Hallucinations On Curing Unemployment
(DBN)

Older Workers Keep Tight Grip on Jobs
(DBN)

Larry Summers: More Jobs are Coming
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Investors bet against Whitney's dire view on munis
(DBN)

The observer effect on muni ETFs
(DBN)

Munis Crashing For Third Straight Day
(DBN)

Year ahead looms as toughest yet for state budgets
(DBN)

Fed's Lacker Sees Potential Distress From Muni Market
(DBN)

State bankruptcy : The best fiscal fix?
(DBN)

To Save the States, Let 'Em Declare Bankruptcy
(DBN)

Honest Answer To Gov't Woes Is Bankruptcy
(DBN)

Bankruptcy law would be unfair to citizens
(DBN)

Casino funds Gary's ace in hole?
(DBN)

The Public Pension Punching Bag
(DBN)

One state's solution
(DBN)

Rick Perry Slams Illinois Tax Hike
(DBN)

Christie Criticized Over Bankruptcy Remark After New Jersey Cuts Bond Sale
(DBN)

NJ Gov. Chris Christie wants to end teacher tenure – and he's not alone
(DBN)

Detroit and Decay
(DBN)

City Of Detroit Sends Out 60,000 Incorrect Property Tax Bills
(DBN)

Jacksonville: Massive sea of red ink awaits next mayor and City Council
(DBN)

Camden, NJ braces for deep police, fire cuts
(DBN)

Ga. school districts face another tough budget
(DBN)

Buckeye Water eyes bankruptcy
(DBN)

US Bills States $1.3B Interest on Jobless Loans
(DBN)

______________

Retailing:

December retail sales rise for 6th month in a row
(DBN)

Anchor Blue files for bankruptcy, closes all stores
(DBN)

Diamond halts Borders shipments
(DBN)

Borders hires restructuring lawyers
(DBN)

Employee: Borders Is Making Us Push Gift Cards That May Be Worthless If Company Declares Bankruptcy
(DBN)

Temple Mall posted for foreclosure
(DBN)

______________

Credit Cards:

Dealing the cards
(DBN)

______________

Economy:

Poll: 77% say cut spending; only 9% say raise taxes
(DBN)

U.S. Satisfaction Remains Near 12-Month Low
(DBN)

Fed's Rosengren: Two Key Questions about the Economic Recovery
(DBN)

New Fed may see more dissent - at least privately
(DBN)

Middle Class: “Ten Times More Productive” Than The Rest of The World?
(DBN)

America's incredible shrinking national debt payments
(DBN)

National Debt: The Ugly Facts
(DBN)

$14 Trillion in Debt Weighs on Congress
(DBN)

Tim Geithner's 5 magic tricks to keep the US from defaulting
(DBN)

World Bank Makes Case for New Reserve Currency
(DBN)

Gold drops to 8-week low as money goes elsewhere
(DBN)

Coming This Week
(DBN)

Europe's Productivity Growth May Outpace US in 2011
(DBN)

Economists Have No Idea What The Economy Is Going To Do
(DBN)

Who Got the Wage Gains, 2000-2009
(DBN)

Deal with Treasury, Fed moves AIG closer to repaying taxpayers
(DBN)

AIG pays Federal Reserve $47 billion
(DBN)

AIG shares fall after company repays bailout funds
(DBN)

TARP Watchdog Warns of Hidden Costs
(DBN)

Retail sales rise in December, inflation calm
(DBN)

Retail Sales Surge Fastest Since 1999
(DBN)

Ready for Consumer Wallets to Shut Again?
(DBN)

Global effort to calm food prices
(DBN)

The new face of poverty? It's your neighbor's
(DBN)

Retirement Being Reinvented Worldwide
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Bankrupt and in Foreclosure Himself, Lawyer Gives Evicted Clients Unusual Advice: Break In
(DBN)

Ibanez: About that Loan Schedule....
(DBN)

Ibanez: Trustee Liability
(DBN)

Florida Ranks Third Highest State in Nation For Foreclosures
(DBN)

Fed Saw Housing Bubble in '05, Did Nothing
(DBN)

FOMC 2005 Transcripts: 'Flip That House' as Bubble Sign
(DBN)

The FOMC Debates the Housing Bubble in 2005
(DBN)

Record long foreclosure delays spread past judicial states
(DBN)

Va. lawmakers consider bills to slow foreclosures
(DBN)

Pa. Supreme Court mulls taking over tax, sheriff's sales
(DBN)

10,000 GMAC Foreclosures Stopped in Maryland
(DBN)

Are Foreclosures Really Getting Worse In Chicago?
(DBN)

NAHB: Housing starts to grow 21% in 2011
(DBN)

Phoenix housing market in 2010: No rise from the ashes
(DBN)

Commercial CDO delinquencies begin to take toll on investors
(DBN)

CoStar: Commercial Real Estate Prices declined in November
(DBN)

Bankruptcy Court Rules Springs Neighborhood Can Be Sold
(DBN)

Roseland developer files for Chapter 11
(DBN)

Money, not size, the issue at Viceroy, receiver tells court
(DBN)

Banning Lewis Ranch for sale as part of bankruptcy action
(DBN)

Parties Still Working on Statler Deal; Kaufman Butts In
(DBN)

Lifestyles of the Desperate and Tweaky: Newport Coast House From "Real Squatters of OC" Heads for Auction
(DBN)

New foreclosure mess: Faulty documents
(DBN)

How An FCIC Commissioner Fabricated a 25-Million Mortgage "Meltdown"
(DBN)

Widow, 85, missed last house payment; fights fees
(DBN)

_____________

Lehman:

Lehman Lacks Creditor Support to Exit Bankruptcy , Paulson Fund Lawyer Says
(DBN)

Moody's Downgrades Most Of A $1.2B Batch Of RMBS From Lehman
(DBN)

______________

Health Care:

Comprehensive List of Tax Hikes in Obamacare
(DBN)

Guardian bankruptcy likely won't affect area hospitals
(DBN)

______________

Banking:

Bank Failure #3 for 2011: Oglethorpe Bank, Brunswick, Georgia
(DBN)

Unofficial Problem Bank list increases to 933 Institutions
(DBN)

JP Morgan Chase profit surges 47 percent
(DBN)

JPMorgan nonperforming loans up 27% from a year ago
(DBN)

JP Morgan threatens small depositors
(DBN)

Investors crave more strong bank results
(DBN)

Hedge funds appeal ruling on WaMu trust securities
(DBN)

ABA economic committee expects lending to grow nearly 3% in 2011
(DBN)

Ads Coming to Your Checking Account
(DBN)

UBS Changes Much-Mocked Dress Code
(DBN)

______________

Fraud:

SEC may sue dead Bernie pal's estate
(DBN)

Webio founder sentenced to more than 16 years
(DBN)

Meridian Group: Financial empire, luxurious lifestyle were built on a mirage
(DBN)

Farah grilled as investors, trustee clash
(DBN)

Ex-head of NH mortgage firm asks for 9 1/2 years
(DBN)

NutraCea ex-execs accused of fraud
(DBN)

Receiver in alleged Ponzi scheme BBC Equities spends $757,000 to recover $130,000
(DBN)

Indiana businessman agrees to $3M fraud settlement
(DBN)

Wife Of Ezri Namvar Sued For 13 Carat Diamond
(DBN)

Tew: Gibraltar had no knowledge of fraud
(DBN)

Wisconsin buyer scores Tom Petters' Muhammad Ali collection
(DBN)

Arrested Hedge Funder Vincent McCrudden: I Am Going To Make You A Test Case!"
(DBN)

Schwab’s lies
(DBN)

______________

Telecoms:

FairPoint gets green light from bankruptcy court
(DBN)

______________

Religion:

St. Petersburg Diocese violates agreement regarding sexual abuse
(DBN)

Scourge of America's pedophile priests sets up shop in UK
(DBN)

______________

Celebs:

Young Buck's Bankruptcy Converted; Rapper To Seek Royalties
(DBN)

Anna Nicole Smith goes back to court
(DBN)

Super-Compulsory Counterclaims! Supreme Court Edition
(DBN)

______________

Furniture:

High-end furnisher files for Chapter 11
(DBN)

______________

Video Rentals:

Blockbuster shareholders want board gone
(DBN)

______________

Corporate Reform:

Upcoming Action with Respect to the Orderly Liquidation Authority under the Dodd-Frank Act
(DBN)

Elizabeth Warren on Bill Maher
(DBN)

Elizabeth Warren on Anger over Economy
(DBN)

Perhaps a Sign of Things to Come
(DBN)

SEC: Wall Street, Meet the FCPA
(DBN)

Finance Reform: Wall Street Won
(DBN)

Why Regulators Can't Keep 'Safe' Bond Funds From Sinking
(DBN)

______________

Book Reviews:

Must-read Crisis Book
(DBN)

______________

Movie Reviews:

Shocking Look Inside the Meltdown
(DBN)

______________

Private Equity:

Big buy-out firms poor performers
(DBN)

______________

Hotels:

Hotel del Coronado escapes foreclosure
(DBN)

______________

Resorts:

Hope on the slope: Tamarack courts buyer, bankruptcy reconsideration
(DBN)

______________

Microfinance:

For-profit microfinance: "its own breed of loan sharks"
(DBN)

______________

Office Supplies:

Office-supply company files for bankruptcy protection
(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)

______________

 

Bankruptcy Statistics:

San Jose Area Bankruptcies Set Record in 2010
(DBN)

Los Angeles, Jacksonville lead nation in bankruptcy filings
(DBN)

20 Companies That Cratered in 2010
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Individual 11s:

Individual Chapter 11 Issues
(DBN)

______________

Litigation:

The Lure and Lore of EDD Commodity Pricing
(DBN)

Arbitration, Litigation, Aggravation
(DBN)

______________

Autos:

New General Motors takes on many meanings for executives, workers of once-falling auto giant
(DBN)

Mixed verdict in SEC case against Delphi ex-CEO
(DBN)

Judge Forecasts 2013 Trial Date in Toyota MDL
(DBN)

Fiat workers accept key changes
(DBN)

GM Loosening The Noose From Its Massive Pension Plan
(DBN)

______________

Trucking:

Mortgage company foreclosing on Arrow properties
(DBN)

______________

Arenas:

Vacant Cowboy Town has a buyer, owner says
(DBN)

______________

Golf:

Syufy Enterprises poised to take over bankrupt Peacock Gap golf course
(DBN)

______________

Food/Drink:

Tasty Baking, maker of Tastykakes, gets reprieve
(DBN)

A Great Economic Nugget Buried In The Retail Report
(DBN)

______________

Mass Torts:

California Appellate Court Declines to Follow Qualcomm and Holds that Excess Insurer Waived Exhaustion Argument
(DBN)

Pfizer, Quigley close to deal on asbestos claims
(DBN)

______________

Politics:

Wall Street Again Settles into White House
(DBN)

GOP Lawmaker: I Can Cut $153 Billion
(DBN)

Ignoring Eisenhower And The Two Most Dangerous Industries In America
(DBN)

______________

Distressed Investing:

Distressed Investor Gores Eyes NBA Team
(DBN)

______________

Defaults:

No Global Corporate Defaults So Far In 2011
(DBN)

______________

Insurance:

AIG repays NY Fed, Treasury now holds 92% of common stock
(DBN)

______________

Tax:

Swiss Tax Whistleblower to Give WikiLeaks New Data: Report
(DBN)

Wikileaks Will Have Tons Of Data On Millionaires Who Evade Taxes Using Offshore Accounts
(DBN)

Give and take of taxes
(DBN)

Corporate Tax Reform Talk Grows Louder
(DBN)

______________

UK:

Flemings keep low profile in modest home on UK estate
(DBN)

Half of new pensioners who retire are too broke to stop working
(DBN)

Appointment of Administrators - 14 January 2011
(DBN)

Winding Up Petitions - 14 January 2011
(DBN)

PwC predicts fundamental changes in borrowing behaviors as unsecured borrowing falls by £500 per household in 2010
(DBN)

______________

EU:

Europe Failed to Clear 'Skepticism' on Debt Crisis, IMF Says
(DBN)

Europe’s Challenge: Fostering Growth Amid Austerity
(DBN)

Sarkozy Attacks Irish Corporate Tax Rate
(DBN)

Ideas on Putting Bailout Fund to Work
(DBN)

Euro Zone Finance Ministers to Discuss Changes to Rescue Fund
(DBN)

Just Stick to the Talk, Mr. Trichet
(DBN)

Merkel Will Ultimately Avoid `Masochism' of Letting Euro Fail, Prodi Says
(DBN)

Euribor rises continue after ECB inflation warning
(DBN)

______________

Canada:

Accused fraudster faces charges
(DBN)

______________

Germany:

Wait for complete package on debt crisis: Merkel
(DBN)

German Note Yields Advance Most in 17 Months on Rates Outlook
(DBN)

______________

China:

Bank of China aims to keep loan-growth rate
(DBN)

China Failing To Curb Bank Lending With $75 Billion In New Loans In First Week Of January Alone
(DBN)

The Only Economic Datapoint To Worry About This Week
(DBN)

______________

PIIGS:

Bailouts and Confidence
(DBN)

Fitch downgrades Greece's bond rating by 1 notch, to junk
(DBN)

Spain seeks to show it is not another Ireland
(DBN)

IMF to Visit Spain on Routine Inspection
(DBN)

______________

Middle East:

Dubai 'German sports star towers' backer in bankruptcy
(DBN)

The final nail in the coffin
(DBN)

______________

Czech Republic:

Sazka to Fight Insolvency With ‘All Available’ Means
(DBN)

______________

Iceland:

Iceland asked for $1 billion bailout from US
(DBN)

Iceland 2011 Recovery Pace to Lag Previous Estimate, IMF Says
(DBN)

______________

Korea:

After Samwha, government may order restructuring of more insolvent savings banks
(DBN)

Seoul Takes On Inflation
(DBN)

______________

Sudan:

Sudan Wants Debt Forgiven Before Split With South, Carter Says
(DBN)

______________

Tunisia:

First Goes Tunisia, Next Goes...
(DBN)

Tunisia to Announce Unity Government
(DBN)

Food shortages...
(DBN)

President's wife Leila drove nation to streets to start revolution
(DBN)

______________

Tasmania:

Bankruptcy spike in Tasmania
(DBN)

______________

Russia:

BP Boosts Ex-Yukos Assets After Khodorkovsky Sentence Extended
(DBN)

Yukos warns BP investors Rosneft assets are 'stolen'
(DBN)

Caution Sets In After BP - Rosneft Deal
(DBN)

Russian Mogul And His Supermodel Wife Are Robbed Of $50 Million In Art And Diamonds During Home Invasion
(DBN)

______________

Singapore:

Singapore's Bankruptcy Filings Decline 20% Last Year to Lowest Since 1996
(DBN)

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Copyright 2011