July 14, 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:

Milk Money: $140 Million Dairy Settlement a Likely Boon to Howrey Estate
(DBN)

Five Firms See Deal Work Scuttled as News Corp. Bails on BSkyB Bid
(DBN)

DLA partners in talks over switch to all-equity model
(DBN)

Latham to Launch New ‘World-Class’ Website
(DBN)

What Do You Pay for Westlaw or LexisNexis?
(DBN)

M&A Lawsuits Spike Dramatically, Quick Money For Law Firms
(DBN)

In-House Tips for Getting Hired
(DBN)

Firm Aims to Toss $200 Million Malpractice Claim
(DBN)

Rival Poaches Bankruptcy Partner From NY Firm
(DBN)

Herbert Smith advises as high-profile IT group wins bid for Nortel patents
(DBN)

News of the World GC Quits in Midst of Phone Hacking Scandal
(DBN)

Freddie Mac GC Robert E. Bostrom Headed to SNR Denton
(DBN)

Hunton Downsizes London Office Following Partner Exodus
(DBN)

Think A Lawyer Can Afford a $13 Million Condo? Think Again.
(DBN)

No Gatekeepers Internally or at Law Firms: Clients Should Go Straight to the Most Knowledgeable Lawyer
(DBN)

Why E-Discovery Cooperation Is Best for Both Sides
(DBN)

More Drama From Albany Law School: Another Side to the Story
(DBN)

And Now The ABA Has Bi-Partisan Pressure To Actually Regulate Law Schools
(DBN)

Sen. Grassley Questions ABA’s Law School Accreditation Process
(DBN)

New Survey Ranks Law Schools Based on Whose Grads Live the Luxe Life; U of Texas Tops the List
(DBN)

Race-Based Admissions Policies Strike A Nerve
(DBN)

You Know What Makes Studying for the Bar Exam Easier? LOUD BANGING IN THE LIBRARY.
(DBN)

John Edwards Had Planned to Launch Public Interest Law Firm, Prior to His Indictment
(DBN)

Neighbor Gets 18 Years for Hacking Lawyer’s Wi-Fi Account, Using His ID to Harass Others
(DBN)

Warrant Issued for Ex-Prosecutor Who Was a No-Show at His Own Client-Theft Trial
(DBN)

Did Name Partner ‘Fake’ Retirement?
(DBN)

Top 5 Practice Mistakes and How to Avoid Them
(DBN)

Red Flags That You Hired The Wrong Divorce Lawyer
(DBN)

Legal Recruiter Sued Over Alleged False Promises and Misrepresentations
(DBN)

Should The Law Take Fat Kids Away From Their Parents?
(DBN)

Accused Sex Offender Allowed To View Child ---- While In Jail
(DBN)

“Minority Report” Come True: Facial Recognition In The Hands Of Cops
(DBN)

Roger Clemens’s Lawyer Casts Rocket as Victim of Congressional Bean Ball
(DBN)

A Reminder of Why We Have Trials by Jury
(DBN)

Atheist wins right to wear pasta strainer on head for driver's licence photo... 'Religious headgear'
(DBN)

______________

Judges:

Supreme Court Clerk Hiring Watch: The Official List for October Term 2011
(DBN)

Tensions Still Run High at Wisconsin’s Top Court
(DBN)

As Federal Judge Blasts His ‘Ready, Fire, Aim’ Tactics, Embattled Lawyer Counts His Blessings
(DBN)

The Burkean Justice
(DBN)

Sac Judges Say Court Bureaucracy Should Be 'Dismantled Forthwith'
(DBN)

Lavish Pensions for Upper Crust Court Execs
(DBN)

Stagnant Salaries Affect Quality of the Bench, Bar Groups Say
(DBN)

______________

Wall Street:

Stock index futures signal gains for Wall St
(DBN)

US stocks close in green mainly on Bernanke's speech…
(DBN)

______________

Layoffs:

Morgan Stanley Could Be Next Wall Street Giant to Cut Staff
(DBN)

Morgan Stanley "Running Layoff Scenarios Into Several Thousand"
(DBN)

Waging War on Wages: The Global Game of Supply Glut
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

Unearthing Exotic Provisions Buried in Dodd-Frank
(DBN - NY Times - Paywall Limit Possible)

Why the Feds Don't Go After Wall Street
(DBN)

Elizabeth Warren to face congressional scrutiny
(DBN)

Stern Advice: Here comes the CFPB
(DBN)

Consumer Financial Protection Bureau: Unaccountable and Costly
(DBN)

Consumer Agency Cranks Up Bank Oversight as Business Interests Stew
(DBN)

Democrats Fight GOP Effort to Cut Consumer Bureau Funding
(DBN)

Dodd-Frank Leaves Nonbanks an Open Question
(DBN)

Fed's Braunstein Says Consumer Protection Still 'Priority'
(DBN)

GAO: Volcker Rule Tough to Enforce
(DBN)

______________

Municipalities:

Bankruptcy Bar? States Aim to Deny Distressed Cities Chapter 9 Option
(DBN)

PA municipalities further challenged with amendment of financial recovery act
(DBN)

Rhode Island town braces for bankruptcy
(DBN)

California prison doctor: Prison surgeon gets paid for doing little or nothing
(DBN)

Row over who's still paid in Minnesota shutdown
(DBN)

Bars Count Shots as Minnesota Shutdown Threatens Booze Reserves
(DBN)

Public-Private Indiana Toll Road in Trouble
(DBN)

Tx. Debt Growing Faster That Federal Gov't's
(DBN)

______________

Aviation:

Former CASA chairman: Qantas' international operations in danger of bankruptcy
(DBN)

Thai Crown Prince's plane seized in Germany
(DBN)

______________

Religion:

Hearing on Del. diocese bankruptcy plan resumes
(DBN)

______________

Economy:

Fed's Ben Bernanke opens door to further economic stimulus
(DBN)

The Fed Weighs Its Options
(DBN)

Bernanke Says Fed Is Prepared to Respond If Economy Warrants More Stimulus
(DBN)

Peeking Into Ben Bernanke's Bag Of Unconventional Monetary Weapons
(DBN)

The Dark Side of the Bernanke Put
(DBN)

Moody's Places US Government Bond Rating on Review for Possible Downgrade
(DBN)

Moody's Downgrade Warning Adds Pressure on US Debt Deal
(DBN)

S&P Privately Warning Of Pre-Default Downgrade To US Rating
(DBN)

Poll: Public Supports Taxing the Rich
(DBN)

Why in the End Taxes Will Rise
(DBN - NY Times - Paywall Limit Possible)

Debt Ceiling Talks Totally Collapse
(DBN)

Obama Ends Debt Talks with Warning
(DBN)

Boehner Rails on Obama: 'Like dealing with Jell-O'...
(DBN)

Big Thinkers Tackle the Debt Crisis
(DBN)

Palin: McConnell's Debt-Ceiling Plan 'Makes No Sense'
(DBN)

Coburn May Return to the Gang of Six
(DBN)

Bernanke Warns Against Short-Term Spending Cuts As Budget Deal Deadline Looms
(DBN)

US debt ceiling continues to trouble lawmakers
(DBN)

Ben Bernanke says US debt default would be major crisis
(DBN)

California leads 'clean economy,' study finds
(DBN)

Why Mr. Bernanke Doesn't Seem to Be Concerned about Rising Commodity Prices
(DBN)

US Clean Economy Employs 2.7 Million -Study
(DBN)

Researcher: China worried about US economy
(DBN)

Economist: US Needs a Recession
(DBN)

Is This How It Looks When The Ratings Agencies Destroy The Economy?
(DBN)

Middle Class Poverty And Unrest In America
(DBN)

The Truth Behind Fannie And Freddie: Why The Government Didn't Make A Profit From The Bailout
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Home Loan Banks Move to Take Role in Bank of America Mortgage Settlement
(DBN)

SEC Prods Banks Over Mortgage Litigation Reserves
(DBN)

Two big banks look local to sell foreclosures
(DBN)

Foreclosures plunge in first half of 2011
(DBN)

One million foreclosures delayed to 2012 or later
(DBN)

Are principal writedowns bad for bank equity?
(DBN)

Feds, state AGs seek to merge mortgage servicing standards
(DBN)

Moody's potential downgrade of US would impact GSEs
(DBN)

President likely to veto bills cutting HAMP, CFPB funding
(DBN)

Borders Asks Judge to Overrule Landlords' Objections to Proposed Sale
(DBN)

Las Vegas businessman receives backing on bankruptcy issue
(DBN)

_____________

Newspapers:

New York Times to Repay Slim $250 Million Ahead of Schedule
(DBN)

______________

Hotels:

Bankruptcy Watch: 9 Risky Hotel Stocks
(DBN)

______________

Celebs:

50 Cent's Lawyers File Objection To Young Buck's Debt Repayment Plan
(DBN)

Dissident investors call for trustee to oversee Beso
(DBN)

______________

Baseball:

Return to health key for Dodgers to rebound
(DBN)

Injured Giants Fan to Play Role in Dodgers Bankruptcy
(DBN)

Players' union, Stow family part of unsecured creditors' panel in Dodgers' bankruptcy case
(DBN)

Report: MLB explores possibility of new ballpark for Dodgers
(DBN)

Bankrupt Dodgers the punchline at ESPY awards
(DBN)

______________

Bankruptcy Crimes:

FBI agents arrest Monroe Township couple
(DBN)

______________

Avoidance Actions:

Pace bankruptcy attorney wants estate to return $800,000
(DBN)

______________

Fraud:

Two FRM victims settle with bankruptcy trustee
(DBN)

US Wiretapped 104 Callers to Primary Global’s Conference Lines
(DBN)

Court keeps Chinese bank's fraud suit against Morgan Stanley alive
(DBN)

The Fraud in Medical Scooters in TV Ads
(DBN)

______________

Electricity:

Dynegy Lawyers Play Down Refinancing, Restructuring Liability
(DBN)

______________

Mass Torts:

Miss. AG Sues Ken Feinberg for Oil Spill Claims Information
(DBN)

______________

Food/Beverage:

Tengelmann expects to exit A&P in bankruptcy process
(DBN)

______________

Credit/Debit Cards:

Bankruptcy Is the Cost of the Way the Credit Card Industry Does Business
(DBN)

______________

Hedge Funds:

Shearman & Sterling Obtains Bankruptcy Court Approval for $7 Billion GSC Group Asset Sale
(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)

______________

Bankruptcy Statistics:

New York racking up significant drops in bankruptcy filings this year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Reform:

Designation of Systemically Important Financial Institutions, Living Wills and Enhanced Prudential Regulation One Year Later: A Question of Balance
(DBN)

______________

Sales:

Secured Lenders Thrown A Lifeline? The Seventh Circuit Protects Secured Lenders’ Right to Credit Bid
(DBN)

______________

Priorities:

Priority Claims: Fourth Circuit Holds Severance Earned On Termination Date
(DBN)

______________

Banking:

Insider trading claims hang over WaMu confirmation
(DBN)

WaMu Faces Hundreds of Objections as Hearing Starts on Bankruptcy Exit
(DBN)

______________

Autos:

The Rebirth of the Auto Industry?
(DBN)

______________

Lehman:

Lawyer Pleads Guilty To Swindling Lehman Bros.
(DBN)

NJ Faults Lehman for 'Piecemeal' Use of Directors, Officers' Insurance
(DBN)

______________

Retailing:

Creditors Committee Files Objections to Borders Proposal
(DBN)

Borders on Brink of Liquidation
(DBN)

Borders Creditors Say Liquidators' Bid Better Than Najafi's
(DBN)

______________

Religion:

Judge says Crystal Cathedral can seek buyers
(DBN)

______________

Health Care:

Gerson drops St. Vincent's appeal
(DBN)

______________

Education:

Lambuth University employees to be paid Friday
(DBN)

New York City School-Bus Operator Files for Bankruptcy
(DBN)

Coming This Fall: Big Tuition Hikes
(DBN)

______________

Hollywood:

Trustee Asks Court for Control Over More of David Bergstein’s Businesses
(DBN)

______________

IMF:

Amara Tarawally: The Latest Character to Emerge in DSK-Gate
(DBN)

______________

UK:

UK: Age of Austerity to Last for Decades
(DBN)

UK: Murdoch's News Empire in Serious Doubt
(DBN)

A Radical Solution to the Financial Crisis
(DBN)

RPC and Gateley break into UK top 50 revenue rankings as LG exits
(DBN)

______________

EU:

European Inflation Held Steady in June
(DBN)

Stress tests to give "unprecedented" insight: EBA
(DBN)

Europe bank stress tests unlikely to ease worries
(DBN)

Helaba Snubs EU Stress-Test Agency in Run Up to Publication
(DBN)

Stress-Test Magic Makes Greece's Bust Disappear
(DBN)

EU to Back Banks that Fail Stress Tests
(DBN - NY Times - Paywall Limit Possible)

Will Europe's Stress Tests Be a 'Missed Opportunity?'
(DBN)

European Debt – Wrong Diagnosis, Wrong Treatment!
(DBN)

______________

Canada:

Opti Canada Files for Bankruptcy Protection From Creditors as Cash Drops
(DBN)

New top court to rule if bankruptcy can break divorce deal
(DBN)

Tar sand oil producer files for bankruptcy protection
(DBN)

______________

PIIGS:

Yield on Italy Bonds in Auction Highest Since 2008
(DBN)

Italy's desperate struggle to fend off contagion
(DBN)

Italy govt calls confidence vote on austerity plan
(DBN)

Italian Parliament Aiming to Pass Austerity Measures by the End of Week
(DBN)

Greece's Issuer Default Ratings Cut to CCC From B+ by Fitch on Lack of Aid
(DBN)

Fitch downgrades Greece on lack of funding program
(DBN)

Greece PM Says Second Bailout Needed Urgently
(DBN)

IE: Bank Keen To Buy Dalys' €457 Million Loans, Court Hears
(DBN)

______________

China:

China reportedly back to drafting bankruptcy law for banks
(DBN)

China’s $1 Trillion Debt Seen Toxic as Cities Value Land at Winnetka Level
(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