July 11, 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:

Law Job Stagnation May Have Started Before the Recession—And May Be a Sign of Lasting Change
(DBN)

June Jobs Report: Legal Industry Continues to Shrink
(DBN)

Model of BigLaw: Innovation might unlock new value
(DBN)

U.K. Law Firms’ 2010-11 Finances a Mixed Bag
(DBN)

Salaried partners asked to buy into SNR Denton
(DBN)

Influenced by US Lawyers, UK Attorneys Relax Dress Rules, Experiment with Skinny Ties, Bright Socks
(DBN)

In-House Hiring: Where are the Jobs in a Down Market?
(DBN)

Yoss LLP Hit With Half-Million-Dollar Default Judgment
(DBN)

Paul Weiss Hired by Quiznos Chain to Advise on Debt Restructuring
(DBN)

WilmerHale Thinks Green for Move to Resurrected WTC Tower
(DBN)

For Holme Roberts, Mass Departures a 'Wake-Up Call'
(DBN)

The 2011 Midsize Hot List
(DBN)

The A-List 2011: Hughes Hubbard's Rise to the Top
(DBN)

House Committee Proposes $104M Cut for Legal Services Corp.
(DBN)

Davis Polk Elects New Bankruptcy Partner
(DBN)

Van joins Flaster/Greenberg
(DBN)

Caylee Anthony’s Search Team Wants Its Money Back
(DBN)

A Sordid Cast Around Casey Anthony
(DBN - NY Times - Paywall Limit Possible)

Summer Associate of the Day: Supreme Offspring
(DBN)

Lawyerly Lairs: A Wicked Awesome, $13 Million Penthouse Condo
(DBN)

Movie Focusing on Scruggs, Milberg Weiss Is Set to Premiere Monday
(DBN)

Woman faces 93 days in jail for planting garden
(DBN)

New Jersey Court Says It’s Okay To Use GPS To Track a Cheating Spouse
(DBN)

Former corporate bankruptcy lawyer now trekking across country with faithful canine
(DBN)

Cataphora Legal joins Ernst & Young to form an e-discovery dream team
(DBN)

The Downside of Constant Connectivity for Lawyers
(DBN)

Fla. AG Had No Income in 2010
(DBN)

Voicemail of the Day
(DBN)

Dismembered Remains of Recent Law School Grad Sought by Georgia Police
(DBN)

Suing Law Schools Potpourri: Tidings From Law Schools Named After A ‘Thomas’
(DBN)

Indy Law Offers Its Alumni the Most Nontraditional In-House Position Ever
(DBN)

Biglaw Alternative: Getting Drunks Off
(DBN)

Man Sues Over Not Being Allowed to Wear Tiger Suit to Golf Tournament
(DBN)

Report: Husband Meant to Kill Wife’s Divorce Lawyer, Car-Bombed Another Attorney in ‘08 by Mistake
(DBN)

A Senior Moment
(DBN)

Five Trashy Lawyer Romance Novels
(DBN)

Army Officer Goes After Doll
(DBN)

______________

Judges:

Chief Justice Roberts Comments On Legal Scholarship Today
(DBN)

Bruising healthcare fight looms over Kagan, Thomas
(DBN)

Two decades later, Clarence Thomas is still a (relatively) young justice
(DBN)

I Award You No Points, And May God Have Mercy On Your Soul.
(DBN)

Should Liberal Fears Prompt Ginsburg to Retire?
(DBN)

Alert Issued to Courthouse Staff Solves Case of Judge’s Robe Taken During Men’s Room Break
(DBN)

Last Original Member of Federal Circuit Bench Dies
(DBN)

Sex and the Supremes
(DBN)

______________

Wall Street:

Stocks to Open Lower on Slowdown Fears
(DBN)

Profits Climbing to 51-Year Average as S&P 500 Multiples at Crisis Levels
(DBN)

European Stocks Decline on Italy Debt Concern
(DBN)

The 15 Stocks That Everyone Is Shorting Like Crazy
(DBN)

Regulators See Risks in High Frequency Trades
(DBN)

AIG Will Dump Some Bankers
(DBN)

______________

Layoffs:

Economic Jolt as Benefit Checks Run Out
(DBN)

How many jobs are needed over the next year to keep the unemployment rate steady?
(DBN)

Jobless rate inches up to 9.2%
(DBN)

Real Jobs Report: Only 18,000 New Jobs Added
(DBN)

10 Disappearing Middle-Class Jobs
(DBN)

How Much The Seasonal Adjustments Distorted Friday's Jobs Report
(DBN)

20% of Analysts Jazzed Over ADP Jobs Report
(DBN)

Why A Rebound In Employment May Still Be On Its Way
(DBN)

For Most US Jobs Crisis is Hard to Escape
(DBN)

Somehow, the Unemployed Became Invisible
(DBN)

Where are jobs?
(DBN)

Incredible Fall In Labor Force Participation
(DBN)

35% Of California Teens Can't Find Work This Summer
(DBN)

Top Obama adviser says unemployment won't be key in '12
(DBN)

Romney: Add Plouffe to the Unemployment Line
(DBN)

WH: Jobless rate can drop to 8.2%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Central Falls, RI stares down 'painful' bankruptcy
(DBN)

State receiver seeks concessions from retired Central Falls employees
(DBN)

US public pensions face accounting overhaul
(DBN)

In Minnesota, little urgency to end shutdown
(DBN)

Cautionary Tales from Minnesota Shutdown
(DBN - NY Times - Paywall Limit Possible)

State and local governments bleeding jobs
(DBN)

Alabama Gov. Robert Bentley says Jefferson County sewer settlement near
(DBN)

Judge gives overseer authority in Alabama sewer crisis
(DBN)

New legislation targeting municipal bankruptcies back to the drawing board
(DBN)

Pontiac told to prepay public safety services
(DBN)

Butler must step up efforts for payments in lieu of taxes
(DBN)

The Next Big Boomtowns in America
(DBN)

______________

Rating Agencies:

Could Ratings Firms Become Irrelevant?
(DBN)

______________

Banking:

Blaming Banks for Slow Recovery is Wrong
(DBN)

First Citizens assumes CO bank deposits
(DBN)

Bair appoints first chief risk officer for FDIC
(DBN)

Wells Fargo Ordered to Pay ex-Employee $7M
(DBN)

______________

Baseball:

Fans Protest McCourt Outside Dodger Stadium
(DBN)

Judge to Dodgers fans: No more letters
(DBN)

Dodgers Bankruptcy Judge Strikes Fan Letters From Docket as Inappropriate
(DBN)

Steve Garvey Fired Amid Bid to Buy Los Angeles Dodgers
(DBN)

Dodgers fire Garvey for trying to buy team
(DBN)

Dodgers' revenue trapping ABS could throw a curve ball if team goes on the block
(DBN)

California's Answer to the Mets
(DBN)

Dodgers despair at paying price for owner's luxury life
(DBN)

When It Was a Game-Of Survival
(DBN)

Less likely David Einhorn can 'short sell' Mets owners
(DBN)

______________

Fasteners:

Credit Claims Top $24 Million Against Rivet Maker
(DBN)

______________

DOMA:

U.S. shifts policy on same-sex bankruptcies
(DBN)

______________

Politics:

White House’s Daley to Business Leaders: Stop Your Whining
(DBN)

______________

Economy:

Wholesale inventories up in May but sales decline
(DBN)

Fed on Hold Longest Since 1940s
(DBN)

Boehner abandons efforts to reach comprehensive debt-reduction deal
(DBN)

Boehner tells Obama 'no' on big debt deal
(DBN)

Does John Boehner know what paychecks are made of?
(DBN)

Top House Leaders Offer Conflicting Views Of Where Debt Talks Go Next
(DBN)

Why did the Obama-Boehner grand debt reduction deal fail?
(DBN)

Obama Challenges Republicans for Debt-Plan Details
(DBN)

Medicare recipients could be affected in debt deal
(DBN)

Hey, Washington, I've Been Paying Into Social Security And Medicare For 48 Years--So How Much Are You Cutting From YOUR Benefits?
(DBN)

Geithner: failure not option on debt deal
(DBN)

Geithner Says Expect Hard Times for a 'Long Time to Come'
(DBN)

Obama Still Looking For Biggest Debt Ceiling Deal Possible
(DBN)

Senate Democrats draft debt-reduction plan
(DBN)

Presidential Candidates Warn About Debt Deal
(DBN)

Deadlocked Debt Talks to Resume as Clock Ticks
(DBN)

IMF chief calls on US to raise borrowing limit
(DBN)

Constitutional Nonsense on Debt
(DBN)

Treasury Official Disputes 14th Amendment Wiggle Room on Debt Limit
(DBN)

Obscure clause may help US avert default
(DBN)

Why The 14th Amendment Won't Prevent A Debt Ceiling Crisis
(DBN)

The disappearing black middle class
(DBN)

Did the Stimulus Bill Really Fail?
(DBN)

Stimulus on the cheap
(DBN)

Deficit Streak Hits Record 33rd Straight Month
(DBN)

Obama: 'We are turning the corner'
(DBN)

The US Bailout is Making Money
(DBN)

Strained Americans turn to credit cards to make ends meet
(DBN)

Oil Defies Effort to Tame Price
(DBN)

The Truth About The Growing Federal Workforce Under Obama
(DBN)

Five New Business Models for Five Industries in Crisis
(DBN)

5 Destructive Myths of the US Recovery
(DBN)

Hurdles Abound in Global Recovery
(DBN)

Manufacturing Still Plays Big Role in U.S.
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Sheila Bair's Description Of How Banks Handle Foreclosures Is A Homeowner's Worst Nightmare
(DBN)

Massachusetts bankruptcy judge, other courts validate MERS assignments
(DBN)

Nevada Supreme Court: You Gotta Prove Chain of Title
(DBN)

Foreclosure 'rocket docket' grounded
(DBN)

Oregon Legislature shut door in homeowners' faces over foreclosures
(DBN)

Homeowners Insurance Claims and the Foreclosure Crisis
(DBN)

Mortgage Modification Mystery
(DBN)

FHA program to help underwater borrowers quietly stumbles
(DBN)

'Strategic defaulters' tend to be affluent, savvy homeowners
(DBN)

5 Cities Where Home Prices Will Rise This Year
(DBN)

Home Sales "Surge" in Las Vegas
(DBN)

When Your Neighbors Foreclose on You
(DBN)

WCI out of bankruptcy, but stalled communities leave residents angry
(DBN)

Lawsuit targets LandAmerica officers, directors
(DBN)

More Empty Stores at U.S. Malls
(DBN)

CMBS delinquencies fall 8.64%
(DBN)

_____________

Autos:

Report: Auto bailout chief: 'I did this all for the unions'
(DBN)

Carmakers' Goals Stretch Credulity
(DBN)

Labor costs to be sticking point of UAW talks with automakers
(DBN)

The Most Ticketed Cars
(DBN)

______________

Electronics:

ArchBrook Laguna Files for Bankruptcy With Plan for August Sale
(DBN)

______________

Orchestras:

Philly orchestra musicians OK contract extension
(DBN)

______________

Hockey:

Phoenix mayor worries Coyotes may be moving
(DBN)

Former Texas Rangers CEO Chuck Greenberg becomes latest name attached to Dallas Stars sale
(DBN)

______________

Football:

NFL Lockout Blamed for Georgia Gym's Bankruptcy
(DBN)

______________

Religion:

Judge hears testimony on diocese bankruptcy plan
(DBN)

Judge to decide on Catholic diocese bankruptcy plan
(DBN)

Judge approves bankruptcy plan for NW Jesuits
(DBN)

Malooly opposes charity to abusive priests
(DBN)

Bishop Brown asks diocesan advisers to look into Crystal Cathedral
(DBN)

Henderson church seeks bankruptcy after foreclosure threat
(DBN)

______________

Food/Beverage:

Near Default, Quiznos Taps Advisers
(DBN)

SuperFresh stuns retirees
(DBN)

Andre Rochat and restaurants at Monte Carlo, Palms in bankruptcy
(DBN)

______________

Retailing:

New types of tenants helping fill big-box vacancies
(DBN)

Spiegel Sticks with ‘Project Runway’ Star
(DBN)

______________

Telecoms:

Vaspian emerges from bankruptcy
(DBN)

______________

Debt Collection:

Debt collector Encore sued by Texas
(DBN)

______________

Consumer Finance:

Consumer Borrowing Up for 8th Month
(DBN)

______________

Compensation:

9 Wall Streeters Whose Bonuses Got The Dreaded "Clawback"
(DBN)

Genius ways to keep your bonus with the new "clawback" rule
(DBN)

______________

Mass Torts:

BP wants to stop paying Gulf oil spill victims
(DBN)

______________

Oil/Gas:

Sevan Marine Slumps in Oslo on Proposal to Defer Debt Payments
(DBN)

______________

Health Care:

Hospital chain under investigation seeks to expand with bankruptcy purchase
(DBN)

______________

Hotels:

Lawsuit Served Up in Palm Beach Hotel Dispute
(DBN)

______________

Shipping:

Omega Navigation Files for Bankruptcy Protection in U.S.
(DBN)

Trans-Pacific Export Volume up 11.4%
(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)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

Reality Check: 2011 Predictions at the Half-Year Mark
(DBN)

Omega, Vitro, Seahawk Drilling, Same-Sex Bankruptcy : Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

AZ bankruptcy filings seem to be leveling off
(DBN)

Dayton: bankruptcy filings drop for first time since 2006
(DBN)

MD PA bankruptcies drop 12.8%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Sales:

Are Bankruptcy Sales Finally Final?
(DBN)

______________

Fraud:

Second Circuit slams door on investors suing fraud abettors
(DBN)

Madoff trustee Picard's claims are stretching the law to its limits
(DBN)

Former S.F. attorney indicted in Ponzi
(DBN)

Scott Rothstein timepiece auction: a chance to accessorize like a Ponzi
(DBN)

______________

Corporate Reform:

GOP gets one last shot at Consumer Protection bureau before it opens
(DBN)

Dodd-Frank: The Players
(DBN)

______________

Insurance:

Ambac Bankruptcy-Consultant Gets Big Raise
(DBN)

Ambac Says Reorganization Plan Rests on July 29 Deadline
(DBN)

Insurers and Investors Fight Over Death-Bet Insurance Policies
(DBN)

Ambac Financial Files Details With Court of Bankruptcy Reorganization Plan
(DBN)

Relying on Disclosure When it is Least Likely to Matter - Credit Slips
(DBN)

Dodd-Frank: A Golden New Opportunity for the D and O Insurance Industry
(DBN)

______________

Non-Profits:

Liberty Property taking Pennsylvania Academy of Music to court
(DBN)

After bankruptcy , Rainbows United is making its way back
(DBN)

______________

Celebs:

Real Housewives of New York City: The Collapse of Sonja Morgan
(DBN)

'Bridesmaids' Carnie Wilson faces foreclosure
(DBN)

______________

Environmental:

Court Ruling Sharply Narrows Severstal's Clean Up Liabilities
(DBN)

______________

Furniture:

Home furnishings retailer Pierre Deux shuts down
(DBN)

______________

Credit/Debot Cards:

10 Reasons I'm Cancelling My Credit Cards
(DBN)

______________

IMF:

Pressure builds to prosecute Strauss-Kahn case
(DBN)

Austerity programmes must spare the poorest: IMF official
(DBN)

IMF's Lagarde Says Failure on U.S. Debt Limit Will Be a 'Shock'
(DBN)

For DA Vance and Strauss-Kahn Accuser, Case of Frayed Trust
(DBN)

Dominique Strauss-Kahn's Top French Spin Doctor Arrived In New York Yesterday To Meet With Him
(DBN)

Strauss-Kahn Shows Crisis Management Flaws
(DBN)

______________

UK:

Raft of firms win related roles as News of the World shuts down
(DBN)

Andy Coulson Said to Be Arrested in London Tabloid Phone-Hacking Probe
(DBN)

Retail insolvencies have risen by 9% since this time last year
(DBN)

Appointment of Administrators - 8 July 2011
(DBN)

Winding Up Petitions - 8 July 2011
(DBN)

______________

EU:

EU's Van Rompuy, Barroso to Meet Trichet, Juncker, Rehn Monday
(DBN)

Swiss Franc is Real Gauge of Euro's Troubles
(DBN)

Trichet : EU Needs More Regulation
(DBN)

______________

Canada:

Canada's economy booming
(DBN)

______________

France:

Crisis Response, French Style
(DBN)

______________

PIIGS:

Italy's Financial Pressures Mount
(DBN)

EU President Calls Emergency Meeting On Italy, As Brand New Game Of Chicken Emerges In Europe
(DBN)

European Rescue Fund Can't Handle An Italian Crisis
(DBN)

Top EU officials meet over Italy debt contagion fears
(DBN)

Draghi defends Italy banks, budget as markets worry
(DBN)

Milan stock exchange slumps 3pc as banks hit by debt worries
(DBN)

The Sad Story Of How Italy Got To Be Such A Wreck
(DBN)

Greece Is Angry At All The Attention Italy Is Getting
(DBN)

Top EU officials to meet on Greece Monday: president
(DBN)

EU stance shifts on Greece default
(DBN)

Greece's Choices are All Daunting
(DBN - NY Times - Paywall Limit Possible)

Greek Bond Default May Not Necessarily Trigger Default Swaps
(DBN)

David Einhorn: There's A "Much More Ominous Problem" In Greece Than The Possibility Of Default
(DBN)

How to Profit from European Threats Against Rating Agencies
(DBN)

______________

China:

China Growth May Slow as Wen Faces Limited Scope for Response
(DBN)

China's costly pigs irk consumers, help producers
(DBN)

______________

Malaysia:

Malaysia explodes; thousands protest, police fire tear gas, 1,400 arrested
(DBN)

______________

Spain:

Racing Santander files for bankruptcy
(DBN)

JPMorgan Plans Revival of Moribund Spanish Mortgage Bond Market
(DBN)

______________

Italy:

Berlusconi investment arm must pay $797 million
(DBN)

______________

Ireland:

'No Alternative' To McInerney Liquidation
(DBN)

______________

Japan:

 

Fukushima Cleanup May Take Decades
(DBN)

______________

Russia:

Bank of Moscow bail-out: what's left for bondholders?
(DBN)

______________

South Africa:

Creditors aim to cash in on new business rescue provisions
(DBN)

______________

 

 

 

Please note that The Daily Bankruptcy News is primarily a curated 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