January 27, 2011

The Daily Bankruptcy News

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Law:

Weil boxing clever
(DBN)

Weil recruits new UK restructuring chief with Jones Day London hire
(DBN)

Bonus Watch: Simpson Thacher Matches Sullivan & Cromwell Spring Bonuses!
(DBN)

In-House Salary Range: Want Big Bucks? You Should Work ... Where?
(DBN)

Obama Gently Knocks Lawyers in State of the Union Address
(DBN)

Evaluating Evaluations
(DBN)

Barclays to measure client referral value of panel firms
(DBN)

After Legal Services Layoffs, Ex-Staffers Form Non-Profit Firm to Offer Sliding-Scale Options
(DBN)

Not the Retiring Kind: On One Partner's Jump to Dewey
(DBN)

Akin Gump Partner Strays Off Reservation
(DBN)

Sonnenschein posts 15% profits rise for last year before Dentons union
(DBN)

Shook, Hardy Posts Gains in PPP, RPL
(DBN)

Slight Uptick in Revenue, Profits for Patton Boggs
(DBN)

MoFo posts rises in revenue and PEP
(DBN)

ZIP IT! Issa Blocks Cummings From Making Case Against JPMorgan
(DBN)

Assistant AG: Corporate Counsel 'Can and Should Do More' to Protect Companies
(DBN)

Howrey Going to Get Out of This Pickle?
(DBN)

Winston & Strawn, Howrey Talk (and Reject) Merging Forces
(DBN)

Are Winston and Howrey Talking About a Merger After All?
(DBN)

Five contenders emerge as Linklaters consults on new senior partner
(DBN)

"The other gazelles flee, knowing he'll get his meal"
(DBN)

"Tiger Mother" Amy Chua Defends Herself to Stephen Colbert
(DBN)

Legal-IT Collaboration: An Oxymoron No Longer?
(DBN)

The Silence of Women
(DBN)

No New Trial Despite Lawyer's Closing Argument Gibe
(DBN)

Lawyer’s Trademarked ‘Court Coach’ Name Is Part of Unbundled Approach
(DBN)

'Raging' Attorney Sentenced for Airport Melee
(DBN)

Lawyers and lawsuits shut down prime sledding hills
(DBN)

Tiny Calif. City that Paid Its Attorney $1.65M Also Has a Big Budget for Law Firms
(DBN)

Top Cop Denies Making BigLaw Partner the ‘Fall Guy’ in Auto Arson
(DBN)

A Whiter Shade of Pale: Study Finds NY Firms Less Diverse
(DBN)

Wait, Canada Has A Better System for Prescription Medication AND Legal Education?
(DBN)

Can Document Review Work Help You Grow as a Lawyer?
(DBN)

LegalTech New York Sneak Peek
(DBN)

Woman Assaults Men With Fish
(DBN)

Law Grad Passes Bar on 8th Try, Then Is Denied License on Character & Fitness Grounds
(DBN)

Lawsuit of the Day
(DBN)

Pro Se Filing of the Day
(DBN)

Send Her To The Crossbar Motel
(DBN)

Man arrested for stealing own car suing city
(DBN)

Dennis Kucinich sues House cafeteria because of a sandwich
(DBN)

Gloria Allred Will Be on TV Even More in New Courtroom Show
(DBN)

______________

Judges:

Courts Can Handle Deep Cuts, LAO Says
(DBN)

Judge Posner Benchslaps the Bluebook
(DBN)

Scalia’s Talk at Tea Party Event Was ‘Pretty Dry,’ Democratic Congresswoman Says
(DBN)

Mo. High Court Upholds $2M Award for Prosecutor Who Claimed Reverse Bias in Judicial Appointment
(DBN)

Under the Spectre of Budget Cuts, NY Courts Stop Hiring
(DBN)

______________

Wall Street:

Futures point to mixed open for Wall Street
(DBN)

US Stocks Rise as Dow Tops 12000 on Fed Statement, Home Data
(DBN)

IRS Believes Goldman Has Evaded Taxes
(DBN)

Goldman's Mortgage Trading, Commodities Relied on Derivatives
(DBN)

______________

Layoffs:

Obama and Business May Get On Well, but When Will That Produce Jobs?
(DBN)

Cautious Corporates Cling to Cash
(DBN)

Lowe's Cuts 1,700 Managers for Part Timers
(DBN)

Abbott to pare 1900 jobs in restructuring
(DBN)

Google to Hire 6,000 New Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Ex-Galleon Traders Plead Guilty
(DBN)

Stanford Ordered to Prison Detox Until Fit for Trial
(DBN)

Stanford Receiver Sues the Miami Heat
(DBN)

Hecker rants, rambles, says he was the victim of liars
(DBN)

Madoff Victims Sue US on Negligence
(DBN)

Republicans settle with Rothstein trustee
(DBN)

Mass. Philanthropist Sues Regulators Over Madoff Scam
(DBN)

Apparently There’s a Food Chain for Satyam Blamestorming
(DBN)

Businessman admits $52M fraud
(DBN)

SEC probing short seller/ex-con Barry Minkow
(DBN)

______________

Banking:

At Davos, Era of Contrition for Bankers May Be Ending
(DBN)

A Banker's Plaintive Wail
(DBN)

Wells Fargo Revised Wachovia Bid for Tax Gain, Bair Told Crisis Commission
(DBN)

______________

Lehman:

Lehman's Marsal Pushed by Paulson Group to Get Busy or Get Out
(DBN)

Lehman Seeks Approval to Pay $10 Million to Swedbank
(DBN)

Lehman's $61 Billion Plan Has Carrot, Stick for Paulson-Calpers
(DBN)

______________

Media:

Summit Media files for Chapter 11 bankruptcy
(DBN)

Tribune Co. sees 'challenging' year ahead for revenue
(DBN)

______________

Food/Drink:

Restaurant Wars Push Fuddruckers Franchisee to Buy Burgers at Costco
(DBN)

Trump Says He and Union Have a Deal on Tavern on the Green
(DBN)

Trump's Big Plans for Tavern on the Green
(DBN)

______________

Shipping:

Eagle Bulk Gets Upgrade After Korea Scare
(DBN)

______________

Celebs:

Current, former NHL players lose more than $13-million in resort deal
(DBN)

Octomom's games exposed
(DBN)

Jaime Pressly 'gets $637,000 tax lien'
(DBN)

______________

Autos:

US Could Sell Whole GM Stake This Year
(DBN)

Ford `Money Machine' Poised to Close Out Most Profitable Year Since 2000
(DBN)

Auditors look at whether feds prodded General Motors to provide more funding for Delphi pension plan
(DBN)

______________

Receiverships:

Creative use of receiverships to solve environmental, construction and other problems in distressed projects
(DBN)

______________

Tax:

HSBC Bankers Said to Help Client Hide India Account
(DBN)

New York Will Probably Make Old People’s Lives Difficult If They Move to a Low-tax State
(DBN)

Geithner: 'Level Playing Field' Key in Tax Revamp
(DBN)

______________

Economy:

Fed Cautious on Recovery, Focused on Joblessness
(DBN)

CBO forecast: frightening fodder for both parties
(DBN)

The New Old Age: Retirements Swallowed by Debt
(DBN)

Is Obama Just Pro-Big Business?
(DBN)

Taxpayers’ Profit on Citigroup: $12.3 Billion
(DBN)

Treasury Notes Rise Before Fed Prepares to Buy Notes After Japan Downgrade
(DBN)

Dissenters Fault Report on Crisis in Finance
(DBN)

Banking `Toxic Cocktail' Is Too Big to Forget
(DBN)

Crisis Report May Be Overshadowed by Infighting, Investigations
(DBN)

Banker Pay Fueled Risk That Hobbled Economy, Crisis Panel Says
(DBN)

How Obama's Agenda Could Affect Personal Finances
(DBN)

Obama Warns Americans: World economic rules have changed
(DBN)

Obama Spending Freeze Just 'Spare Change', Taxes Must Rise
(DBN)

Obama's Plan Would Cost Another $20 Billion, Raise Taxes
(DBN)

Obama Embraces Business Agenda
(DBN)

Rand Paul proposes $500 billion in federal budget cuts
(DBN)

Social Security to Run Deficits for Foreseeable Future, CBO Says
(DBN)

Social Security Fund to Run Dry in 2037
(DBN)

State of the Union: Fact-checking Obama's speech
(DBN)

Representative Ryan Can't Tell the Difference Between Greece and the United States: Where Is the Ridicule?
(DBN)

CBO: Economy likely to stay below potential for years
(DBN)

Fed stays the course on interest rates, bond-buying plan
(DBN)

Panel Will Name Names for Prosecution
(DBN)

Cautious CEOs count on BRICs for growth
(DBN)

Global Development crashes the Davos party
(DBN)

Inflation, Food Prices Top Davos Agendas
(DBN)

World food prices aren't too high – they’re too low
(DBN)

Rising Price Pressures Spur Concerns
(DBN)

A Hypothetical Bank Crisis Finds that Risks Remain
(DBN)

Davos forum faces joblessness, revolutions
(DBN)

Davos Report: Which Lawyers Are World Economic Forum-Bound?
(DBN)

The negative-sum new reality
(DBN)

Wall Street Partying in Davos as Bankers Overcome Crisis
(DBN)

Beauty Rest of Rich Is Warmup for Next Bust
(DBN)

Treasury would 'do over' TARP if it could
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

US Bankruptcy Trustee Takes Interest in “Ta Dah” Documents Mysteriously Appearing in Foreclosures (aka Probable Fabrications)
(DBN)

A Reservist in a New War, Against Foreclosure
(DBN)

New home sales down in 2010
(DBN)

US Sales of New Homes Rose Five-Times Higher Than Expected in December
(DBN)

Analyst on New-Home Sales Beat: 'We're Skeptical'
(DBN)

New Home Inventory by Stage of Construction
(DBN)

Home Sales: Distressing Gap
(DBN)

Fed Faulted for Lax Mortgage Regulation Before Financial Crisis
(DBN)

Fannie, Freddie seek to cut dividend on government stake
(DBN)

Take Fannie and Freddie off the road
(DBN)

Subprime Loans by Fannie, Freddie Performed 'Better', FCIC Says
(DBN)

Foreclosure activity up across most US metro areas
(DBN)

Foreclosure flood spreads beyond hardest hit markets
(DBN)

New foreclosure cases in California fall sharply in fourth quarter
(DBN)

Mortgage delinquencies fall in Greater Boston
(DBN)

SOTU'S strange silence on foreclosures and bank failures
(DBN)

Google to take down real estate listings
(DBN)

Shiny Lazy People
(DBN)

Tea Party on Foreclosure : "They Bought Houses They Couldn't Afford"
(DBN)

Las Vegas: Still the foreclosure king
(DBN)

Foreclosures Rose in 72% of US Cities as Crisis Spread in 2010
(DBN)

Washington sees biggest foreclosure drop-off in nation's top markets
(DBN)

Architect of Florida's Infamous 'Rocket Docket' Foreclosures
(DBN)

Nevada Judge to BofA Unit: Stop Foreclosures
(DBN)

Two mortgage servicers get aggressive on principal writedowns in January
(DBN)

AGs, banks to begin negotiations in robo-signing settlement for homeowners
(DBN)

HAMP's failure 'devastating,' permanent mods flat in December
(DBN)

Treasury Tries Defending HAMP at House Oversight Hearing
(DBN)

Mortgage Help Can Turn into Disaster
(DBN)

A solution to the mortgage mess?
(DBN)

Deloitte says the time is now for curing distressed borrowers
(DBN)

Boxer introduces bill to lower barriers to refinance
(DBN)

FHA terminates more than a dozen HUD mortgage originators and underwriters
(DBN)

Bill would cut all funding to HUD
(DBN)

Top Congressional Cop May Probe Mortgage Servicers
(DBN)

Mortgage applications tumble 12.9% as refinancing activity falls 15.3%
(DBN)

Colorado House approves home foreclosure measure
(DBN)

Bridgewater Place sold to lender at sheriff sale for $34 million
(DBN)

Developer Ziel Feldman Strikes Again
(DBN)

_____________

Corporate Reform:

Elizabeth Warren Meets With Consumer-Bureau Critics
(DBN)

CFTC sues 14 foreign currency firms in major sweep
(DBN)

Citi Warrants Bring in $312 Million
(DBN)

Groups Urge Obama To Nominate Consumer Bureau Chief
(DBN)

CFPB Supervision of Non-Banks Will Not Begin after July 21, 2011, Unless and Until a Director Is Confirmed
(DBN)

Bear Stearns Lowered Leverage With `Window Dressing,' FCIC Says
(DBN)

Goldman Wants More Regulation - of Hedgers
(DBN)

______________

Trucking:

After bankruptcy filing, company keeps on trucking
(DBN)

______________

Health Care:

Nursing home bankruptcy a sign of times?
(DBN)

Physicians at Headache & Pain Center, Doctors Hospital still treating patients
(DBN)

Bankruptcy next for Allcare Dental
(DBN)

Top Medicare official doubts health care law savings
(DBN)

______________

Avoidance Actions:

Ninth Circuit treats corporate insider fairly in fraudulent transfer case
(DBN)

______________

Accounting:

Accountant Helps Truth or Consequences, New Mexico Live Up to Its Name
(DBN)

Is Fair Value in Retreat?
(DBN)

______________

Aviation:

Mexicana to start flying again
(DBN)

______________

Education:

Endowments Still 25% Away From Pre-Lehman High
(DBN)

Pressure builds on US college funding
(DBN)

______________

Sovereigns:

Argentina agrees to pay $9 bln to Paris Club
(DBN)

What Will Happen When America Loses Its AAA
(DBN)

______________

Hotels:

Base Bid of $1.14 Billion Established for Bankrupt Innkeepers USA Trust
(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)

______________

Insurance:

Ambac Assurance Payout Approved by Wisconsin Judge
(DBN)

AIG's Directors & Officers Insurers to Pay $150 Million Settlement
(DBN)

Insurance Company Drops Vet Over 2-Cent Shortage
(DBN)

______________

Miscellaneous:

Que Pasa En El Mundo De Los Avisos?
(DBN)

______________

Jurisdiction:

Anna Nicole Smith and Mass Torts in Bankruptcy
(DBN)

______________

Bankruptcy Reform:

Some GOP Senators Call For Letting States Declare Bankruptcy
(DBN)

Financial Distress and the Bankruptcy Code
(DBN)

Senator pushes foreclosure crisis fix that includes 'cramdown'
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Retailing:

Ultimate Electronics parent files for Chapter 11
(DBN)

______________

Municipalities:

Banks Get Tough With Municipalities
(DBN)

State Defaults in US Are Unlikely, 50% of Investors Say in Global Poll
(DBN)

The Majority Of Investors Still Think Washington Will Save A State From Default
(DBN)

Dimon sees some U.S. municipal bankruptcies
(DBN)

Moody’s Credit Ratings of States to Factor in Unfunded Pensions
(DBN)

Public Employee Unions: Public Enemy No. 1?
(DBN)

What Sent States' Fiscal Picture Into a Tailspin?
(DBN)

IN bankruptcy bill moving forward
(DBN)

Better off bankrupt
(DBN)

BK could be the way for states
(DBN)

Newt Gingrich pushes a bankrupt idea
(DBN)

Bankruptcy seen as unlikely option for states: S&P
(DBN)

Could Muni Bond Fears Whack Bankers’ Jobs?
(DBN)

S&P: If US States Bankruptcy Allowed, Key To Sector Assessment
(DBN)

School District could be headed for bankruptcy
(DBN)

LA schools mired in health care costs
(DBN)

Mayor Thompson's statement on Act 47 no-shows
(DBN)

Gov. Christie sends a market-calming message on bankruptcy and New Jersey
(DBN)

Dayton opposes use of bankruptcy to avoid pension payments
(DBN)

State bankruptcy a 'band-aid solution,' Illinois legal experts say
(DBN)

Bill strengthens, clarifies DUAB role
(DBN)

George Soros is Fretting About the Muni Market
(DBN)

Guess What The "Smart Money" Is Doing Now With Muni Bonds
(DBN)

Nassau Loses Control of Finances to New York Board
(DBN)

______________

Symphonies:

Orchestra woes repeat nationwide refrain
(DBN)

______________

UK:

Bank of England Head: I See Trouble Ahead
(DBN)

Signs of "distress" increasing for UK businesses
(DBN)

Insolvency Service optimism could boost the profession
(DBN)

Appointment of Administrators - 26 January 2011
(DBN)

Winding Up Petitions - 26 January 2011
(DBN)

______________

EU:

Big Risks Seen for Europe's Fiscal Stability
(DBN)

Eurozone Woes Dominate Economy Talks at Davos
(DBN)

Soros: Euro Crisis Could Divide Europe
(DBN)

As Europe Toils on Debt, US and Japan Watch Nervously
(DBN)

Business leaders cautiously optimistic on euro zone
(DBN)

Europe Can't Afford Another Flawed Stress Test
(DBN)

______________

Italy:

Parmalat Shares Surge as Corriere Says Investors May Seek to Replace Board
(DBN)

Merle Hazard on Italy :)
(DBN)

______________

Japan:

S&P DOWNGRADES JAPAN
(DBN)

Lone Star, Advantage In Talks Over Troubled Tokyo Star Bank
(DBN)

Yen Weakens, Stocks Erase Gains as S&P Cuts Japan Debt Rating
(DBN)

Penguins March on S&P Downgrade
(DBN)

______________

Czech Republic:

Sazka Bondholders Set Up Steering Committee, Appoint Advisers
(DBN)

______________

Greece:

Greece unlikely to restructure debt in first half
(DBN)

______________

Ireland:

McEnaney Construction Goes Into Receivership
(DBN)

AIB Gains €1.4 Billion From Debt Buy-Back
(DBN)

Bank Losses Could Be 'Larger' Than Expected
(DBN)

Burden of bank debt 'must be shared'
(DBN)

AIB may force some creditors
(DBN)

______________

Spain:

Spain to Overhaul Bank Rules Ahead of Cash Injections
(DBN)

Spain's Prisa To Cut Staff By 18%, Announces 2,500 Layoffs
(DBN)

Santander's Succession of Troubles
(DBN)

Spanish Government, Unions Near Accord on Pensions
(DBN)

______________

Middle East:

Failure is a good thing
(DBN)

Two creditor groups for $6 bln Dubai Group debt talks
(DBN)

Dubai Group Sets Up Bank Restructuring Committees for $6 Billion of Loans
(DBN)

______________

Egypt:

Egypt's Protests Turn Ugly
(DBN)

Will Egypt Go the Way of Tunisia?
(DBN)

Egyptian Protesters Have Set Fire To The Suez Police Headquarters
(DBN)

Egypt Gets Even Worse: Now Stocks Are Off Nearly 11%
(DBN)

______________

Yemen:

Now Anti-Government Protests Are Spilling Into Yemen
(DBN)

______________

China:

IMF: China Boom Threatening World Recovery
(DBN)

______________

Russia:

Medvedev Tells Investors to Follow Law or Meet Khodorkovsky Fate
(DBN)

______________

Venezuela:

Chavez tackles housing crisis by urging poor to squat wealthy parts of Caracas
(DBN)

______________

 

 

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