June 10, 2011

The Daily Bankruptcy News

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Law:

Middle Child Syndrome Plaguing Recent Law School Grads
(DBN)

Yellowstone Club founder Blixseth blames ex-attorney for $40M fraud judgment
(DBN)

Supreme Court refuses to throw out $290M judgment against Microsoft
(DBN)

Former Brobeck Chairman Tower Snow Joins Cooley as Securities Litigation Partner
(DBN)

Firm's New Recruiting Program Will Let 3Ls Work Remotely
(DBN)

A Lost Generation of Lawyers? Of 30 Laid-Off Lawyers, Two Got Jobs, Law Grad Says
(DBN)

Lost and Forgotten
(DBN)

2011 Signals Bad News for Female Attorneys' Partnership Prospects
(DBN)

The Baddest Lawyer in the History of New Jersey
(DBN)

Businessman and lawyer accused in multi-million dollar bankruptcy scheme
(DBN)

Advice for Summer Associates: Don’t Cost Law Firms More Than You Have To
(DBN)

Partners Ask MegaFirm, What Am I Getting Paid Again?
(DBN)

Advertising: Lions and Tigers and Lawyers, Oh My…
(DBN)

Television Advertising — Is It Worth It?
(DBN)

Bankruptcy lawyer wins volunteer award
(DBN)

In-House: Clawback Agreements — An Oft-Missed Trick
(DBN)

Attorney tearfully pleads guilty to 'keying' parked cars
(DBN)

Ex-Client Files RICO Class Action, Says PI Firm Made Usurious Loans to 200 Vioxx Plaintiffs
(DBN)

Predictive Coding Patented, E-Discovery World Gets Jealous
(DBN)

Ten Tips to Enhance iPad Security
(DBN)

What Are the Rules for Contract Attorneys in E-Discovery?
(DBN)

The Real Reason Rupert Murdoch's Top Lawyer Resigned: $656M in Defeats
(DBN)

Is Your Law School Teaching You Hospitality Services?
(DBN)

Student Loan Debt: What’s the Worst That Could Happen?
(DBN)

Bret Lusskin Just Wanted to Win a Free Rolex
(DBN)

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Judges:

Cameras Coming to Federal Court . . . (Limitations Attached)
(DBN)

In Latest Health-Care Arguments, Judges Mostly Hide Their Cards
(DBN)

Federal Judge Apologizes for Misconduct
(DBN)

Scalia Blasts ‘Tutti-Frutti’ Majority
(DBN)

Scalia rips lawmakers as being as sleepy and lazy
(DBN)

Law School Launches LL.M. Just for Judges
(DBN)

Judge who punished lawyer over Pledge of Allegiance to be publicly reprimanded
(DBN)

Facing Ethics Case re $50M ‘Taj Mahal’ Court Building Project, Judge Points Finger at 14 Colleagues
(DBN)

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Wall Street:

Futures Slip Ahead of U.S. Import Data
(DBN)

US stocks rebound from losing streak
(DBN)

Goldman fined $10 million by Massachusetts
(DBN)

CFTC Head: Wall St. Failed America
(DBN)

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Layoffs:

Jobless claims point to another slow hiring month
(DBN)

Companies Spend on Equipment, Not Workers
(DBN)

California sees small drop in new jobless claims
(DBN)

Daimler Trucks North America to hire 1,400 staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Restaurant Obama said was saved by stimulus to go out of business
(DBN)

Allen Family Foods, Delaware Poultry Producer, Seeks Bankruptcy Protection
(DBN)

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Corporate Reform:

Dimon Challenges Bernanke in Wall Street Bid to Tame Rules
(DBN)

Obama reportedly eyes Warren aide for CFPB job
(DBN)

Has Obama Found a Replacement for Elizabeth Warren
(DBN)

Liberal group to Obama: Pick Elizabeth Warren
(DBN)

Will the President Pass the Warren Test?
(DBN)

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Autos:

Rattner dings Romney over Detroit
(DBN)

Romney Was Right on Auto Bailout
(DBN)

Romney defends auto bankruptcy remarks amid protests in Detroit stop
(DBN)

Romney, in Detroit, lashes out at Granholm, autoworkers' union
(DBN)

Mitt Romney gets icy reception in Michigan
(DBN)

Romney's advice on carmakers was right
(DBN)

Mitt Romney and the Auto Industry: Predatory Profiteer
(DBN)

Prices Soar on Used Cars
(DBN)

Why GM won't sell Opel
(DBN)

General Motors Open to Opel Sale
(DBN)

GM's gas-tax fraud
(DBN)

Toyota Expects 31% Profit Fall On Yen, Quake
(DBN)

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Finance:

Bank Lending Keeps Falling
(DBN)

The 15 Most Influential Women in Finance
(DBN)

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Financial Literacy:

Americans Struggle With Financial Problems They Don't Understand: Study
(DBN)

______________

Celebs:

Prince Reportedly In Foreclosure
(DBN)

NFL QBs Tackle Debt in Bankruptcy
(DBN)

______________

Credit Reporting:

Credit Rating Ruined for Seven Years? Serial Bankrupters Know Better
(DBN)

Credit Scores Drop Three Points; Card Debt Down 15%
(DBN)

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Resorts:

Computer behavior charges fly at San Marcos resort bankruptcy
(DBN)

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Prisons:

Receivership sought for troubled prison
(DBN)

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Accounting:

Piercing the Corporate Veil: A Guide for the Forensic Accountant
(DBN)

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Economy:

US household wealth rose in first quarter
(DBN)

America's lost trillions
(DBN)

Household Debt Keeps Shrinking as Mortgages Drop
(DBN)

April wholesale inventories rise 0.8%
(DBN)

Unemployment claims stuck above 400,000
(DBN)

High Unemployment Claims, Food Prices Slow Economy
(DBN)

Analysts cut U.S. Q2 growth forecast to 2.5% rate
(DBN)

Trichet: "Of course" we won't have U.S. default
(DBN)

Americans Split on Debt Limit
(DBN)

GOP Intentionally Sabotaging the Economy?
(DBN)

White House Accelerates Debt Talks
(DBN)

Fed became second-largest Treasury investor in Q1
(DBN)

Head of CFTC: Speculators Swamping Oil, Grain Markets
(DBN)

Half of Americans Think Depression is Likely
(DBN)

Hillary Clinton Seeking World Bank Presidency
(DBN)

Economic Policy Is Out Of Ammunition As Consumers Retrench
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Foreclosure Accord is ’Closer,’ Should Include Monitor, Iowa’s Miller Says
(DBN)

BofA, JPMorgan Penalized by U.S. for Failing to Act on Home Foreclosures
(DBN)

US halts mortgage fees to three big banks
(DBN)

Too Big to Comply
(DBN)

Banks Want HAMP Pay
(DBN)

Fee-blocked mortgage servicers may still get HAMP money
(DBN)

Obama administration housing scorecard shows continued weakness
(DBN)

Shiller predicts further home price declines up to 25%
(DBN)

Home Prices Fell Through The Floor. Mortgage Debt Didn't.
(DBN)

Census Bureau on Homeownership Rate: We've got “Some 'Splainin' to Do”
(DBN)

MERS scores another legal victory in California
(DBN)

Michigan Court Relies on New York Trust Theory, Rules Loan Never Made it to Trust
(DBN)

Conn. DA zeroes in on BofA
(DBN)

Las Vegas Lands sells for 15 percent of 2007 price
(DBN)

1-year ARM falls to record low below 3%
(DBN)

30-year fixed-rate mortgage falls to 4.49%
(DBN)

Americans' equity in their homes near a record low
(DBN)

Cheaper Home Values Down 50% in the Last Year
(DBN)

More Luxury-Home Owners Opt for Short Sales
(DBN)

Is Redlining Back? Evidence Grows That Qualified Borrowers Can't Get a Loan
(DBN)

Squatter Nation: 5 Years With No Mortgage
(DBN)

Fed's Yellen Paints Bleak Picture of Housing
(DBN)

S&P looking closer at credit risk of CMBS tenants
(DBN)

C-Suite Compensation Hits Five-Year High
(DBN)

U.S. subprime CDS prices rise, vintage 2006 remains troubled
(DBN)

Foreclosure of luxury icon's HQ postponed
(DBN)

The increased value of receivership sales for CMBS lenders
(DBN)

_____________

Banking:

Citigroup Hacked: Here's What to Do if You Are a Victim
(DBN)

Banks step up data security
(DBN)

Sheila Bair's Final 'Sense on Cents'
(DBN)

How Much Money Does a Big Bank Really Need to Be Safe?
(DBN)

Fed Said to Consider Expansion of Capital Reviews
(DBN)

______________

Fraud:

Madoff Trustee Seeks $975 Million From Kingate 'Feeder' Funds in Complaint
(DBN)

Picard aims for triple-word score in Madoff case
(DBN)

Top law firm William Fry sued by Madoff Ponzi scheme investors
(DBN)

UBS Madoff Claims Must Wait for Luxembourg Court Ruling
(DBN)

Cars, bling from Fla. Ponzi scam on auction block
(DBN)

No surprise: Rothstein will get a break
(DBN)

Florida Ponzi Schemer Rothstein's Associates Set to Change Pleas
(DBN)

Confessions of a Vertrue call-center operator
(DBN)

______________

Municipalities:

Munis face 'more downgrades than defaults'
(DBN)

Stressed Alabama county faces another blow over taxes
(DBN)

CME's threat to leave Illinois echoes Sears, CAT
(DBN)

N.J., Pa. act to cope with insolvency in unemployment funds
(DBN)

The Highest Paid Government Employee In The State Of New York
(DBN)

______________

Bankruptcy Crimes:

Businessman and lawyer accused in multi-Million dollar scheme
(DBN)

______________

Consultants:

Stifel may buy all Miller Buckfire after dating
(DBN)

______________

Student Debt:

Aim of SWAT-Like Raid Was Student-Aid Fraud; Education Dept. Given Police Powers in 2002
(DBN)

______________

Media:

Tribune Co. bankruptcy hits home for Fifth Third, Ohio National
(DBN)

______________

Oil/Gas:

New figures show extraordinary growth in energy use last year
(DBN)

The World Is Consuming More Oil Than It Produces, And Survived 2010 By Drawing Down Reserves
(DBN)

OPEC says oil supply gap looming later this year
(DBN)

______________

Tax:

Swiss Government: In Talks With US Over Past US-Swiss Tax Issues
(DBN)

______________

Financial Privacy:

Key Congressional Leaders Introduce Legislation To Protect The Privacy Of Consumer Online And Offline Information
(DBN)

Summary Of The Commercial Privacy Bill Of Rights Act Of 2011 (S. 799)
(DBN)

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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:

S.D.N.Y. Bankruptcy Court continues to construe Bankruptcy Code’s safe harbor provisions narrowly
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Tolling:

Exacting Their Tolling Period: Chapter 15 Debtors Entitled to Benefit of Section 108 of the Bankruptcy Code
(DBN)

______________

Personal Bankruptcy:

Consumer Bankruptcies Get Bad Rap, Do More Good Than Harm
(DBN)

______________

Plan Confirmation:

Third Circuit adopts a broad test for determining a party's standing to object to a Chapter 11 plan of reorganization
(DBN)

______________

Lehman:

Banks balk at call to divulge Lehman debt holdings
(DBN)

Paulson Disclosure Plan Is Bid to 'Intimidate' Lehman Creditors
(DBN)

_____________

Insurance:

AIG will buy European junk instead of its own
(DBN)

Fed Reserve sells less than half Maiden Lane II offering
(DBN)

Maiden Lane Sales Trigger Stampede to Dump Risk
(DBN)

Is Credit On The Verge Of An Oversaturation "Perfect Storm" Implosion
(DBN)

______________

Carnivals:

Carnival Operator Shamrock Shows Files for Bankruptcy
(DBN)

______________

Retailing:

Borders tries to avoid closing 51 more stores
(DBN)

Borders could close 51 stores but doesn't want to
(DBN)

Borders Says Lenders Are Forcing More Store Closures
(DBN)

______________

Health Care:

Our Wasteful Health Care System
(DBN - NY Times - Paywall Limit Possible)

One way capitalism can make health care worse and more expensive
(DBN)

______________

IMF:

IMF leadership: Christine Lagarde still favorite as nominations draw to close
(DBN)

______________

UK:

Lloyds confirms 300 jobs to go in restructuring
(DBN)

Rampant private equity will mean more Southern Crosses
(DBN)

Lack of Southern Cross plan angers landlords
(DBN)

Southern Cross to give up 132 care homes to landlords
(DBN)

Cable rules out bail-out of Southern Cross
(DBN)

Begbies Traynor continues to struggle
(DBN)

Legal reform a path to higher insolvency costs
(DBN)

Hundreds of workers' jobs at risk as Haldanes grocery chain goes into administration
(DBN)

Appointment of Administrators - 9 June 2011
(DBN)

Winding Up Petitions - 9 June 2011
(DBN)

______________

EU:

Investor Jim Grant Says ECB ‘Factually Insolvent’
(DBN)

Euribor rates up after ECB flags July hike
(DBN)

______________

Canada:

Canadian Supreme Court Refuses Nortel Worker Case
(DBN)

______________

PIGS:

Schaeuble says Greece is close to broke
(DBN)

Greek ministers approve new austerity measures
(DBN)

German parliament votes in favor of new Greece aid
(DBN)

Trichet Rejects ECB Participation in Greece Bailout
(DBN)

Germany Digs In on Greek Debt Extensions Rejected by Trichet
(DBN)

Have German Banks Reduced Their Exposure to Greek Debt?
(DBN)

Germany: Bond Holders Must Share Greek Burden
(DBN)

Schaeuble Defies ECB to Insist Bondholders Share Greek Aid
(DBN)

Impossible to Talk Sense to Trichet and ECB
(DBN)

Greece piles on austerity measures, economy dives
(DBN)

Why a Voluntary Bond Swap Could Push Greece Over the Edge
(DBN)

Europe's Financial Houses to Broker Big Fat Greek Clearance Sale
(DBN)

______________

MENA:

U.S. Is Intensifying a Secret Campaign of Yemen Airstrikes
(DBN)

In Saudi Arabia, Royal Funds Buy Peace for Now
(DBN)

Saudis Arrest 6 Women for Driving
(DBN)

Egypt: This Revolution was a Curse
(DBN)

______________

Iceland:

Iceland Court Says Foreign-Currency Linked Company Loans Illegal
(DBN)

______________

China:

China's May imports accelerate, exports weaken
(DBN)

China May Crude Imports Top 5 bpd
(DBN)

______________

Japan:

Japan Needs $125 Billion Rebuild Plan: Maehara
(DBN)

Tokyo Riot Squad to Safeguard Tepco Meeting
(DBN)

Nuclear fuel has melted through base of Fukushima plant - "the worst possibility in a nuclear accident"
(DBN)

Power Cuts Spread to West Japan as Nuclear Restarts Put on Hold
(DBN)

Toyota Issues A Stark Warning For Other Japanese Firms
(DBN)

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Copyright 2011