June 16, 2011

The Daily Bankruptcy News

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Law:

The Rise of the Temp Lawyer
(DBN)

Willkie Farr Reps Dish In $1.4 Billion Bid For TerreStar
(DBN)

Out and Out: Ambac GC and CEO Give Notice
(DBN)

Ky. Bar Recommends Disbarment for Mass Tort Lawyer Stan Chesley
(DBN)

Ethics Opinion Urges Wariness In Dealing With Lawsuit Funding
(DBN)

Can Law Firms Put Aside Focus on Single-Year Profits? Crowell Chairman Says They Must
(DBN)

For months, the "career" consisted of one-third idleness, one-third word-processing, and one-third pointless research
(DBN)

Searching for a Good Associate
(DBN)

Fraud Targets Business... Law Firm
(DBN)

Another scandal, another Allred client
(DBN)

NFL Labor Talks Almost Blow Up? Lawyers Speak Unnecessary Chatter
(DBN)

Law degrees are unwise investment
(DBN)

New, smaller law firm is being created from Arter & Hadden
(DBN)

12 Lawyers from Disbanding Isaacson Firm, Including 10 Partners, are Joining Ryley Carlock
(DBN)

The Real Reason for Timesheets
(DBN)

Tech-Support Worker Sues NY Law Firm, Says It Gave Comp Time Instead Paying OT, Violating FLSA
(DBN)

Detroit Seeks $10M from Ex-Partner of Venable, Says She Didn't Do Job Due to Relationship With Mayor
(DBN)

DA: NY BigLaw Associate Had 5,000 "Truly Sickening" Images
(DBN)

Legal Project Management: It’s Just Not That Hard
(DBN)

Strong Canadian legal hiring predicted for third quarter
(DBN)

Australian Merger Helps Boost Norton Rose Revenue
(DBN)

32 Law Firms Certified for Empowering Women
(DBN)

Avoiding eDiscovery Nightmares: 10 Ways CEOs Can Sleep Easier
(DBN)

What Happens if the Loser Has to Pay E-Discovery Costs?
(DBN)

Lawyer’s Motion Objects to Opponent’s Use of Possessives
(DBN)

Casey Trial: Who Is 'Lawyer Gaga'?
(DBN)

Did Uga Eat The Grades At UGA Law?
(DBN)

Law School Student's Favorite Thing To Do: Be A Dad
(DBN)

Texting juror who caused mistrial faces judge
(DBN)

Court rules jurors crush on lawyer is fine
(DBN)

Lawyer in High-Profile Criminal Case Accused of Drawing Gun on Off-Duty Cop
(DBN)

Bankruptcy of Giordano’s Pizza Chain Complicated by Owner’s Sovereign Citizen Lingo
(DBN)

Favorite Fictional Lawyers of the Past 30 Years
(DBN)

Credit Suisse, Algosaibi, 3M, Deutsche Bank, Lehman-Goldman in Court News
(DBN)

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Judges:

Central District Bankruptcy Judges Hold DOMA Unconstitutional
(DBN)

'Taj Mahal' judge mounts procedural defense in misconduct probe
(DBN)

Lawyer: Accused Fla. judge 'doth protest too much'
(DBN)

2 ex-judges, lawyer back to prison in loan scheme
(DBN)

California Legislature Blindsides Court Bureaucracy With Huge Cut
(DBN)

Skip The Legalese And Keep It Short, Justices Say
(DBN)

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Wall Street:

US Stock Futures Are Little Changed; S&P May Stay Near Three-Month Low
(DBN)

Greek crisis rocks world markets
(DBN)

Stocks finish sharply lower
(DBN)

S&P off 7% from April high as markets 'smell blood'
(DBN)

Greek Fears Send Stocks Tumbling
(DBN)

Financials Fully Confirm the Downturn
(DBN)

Where the Flashing Warning Signs Are in the Market
(DBN)

The REAL Wall Street dress code
(DBN)

Super-high Wall Street salaries are now the reason for mass layoffs
(DBN)

______________

Layoffs:

Corporate health and U.S. jobs diverge
(DBN)

Cutting the Deficit While Adding Jobs
(DBN - NY Times - Paywall Limit Possible)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Student Debt:

Kids, Get High Off Drugs, Not Debt. It’s More Fun And People Are Nicer To You When It’s Time To Recover.
(DBN)

______________

M&A:

First-half M&A values up 35% says Ernst & Young
(DBN)

______________

Autos:

Ford sees profit fading from record 1st-quarter level
(DBN)

Used Car Prices May Have Peaked
(DBN)

_____________

DOMA:

DOMA Challenged From Unlikely Source
(DBN)

The Bankruptcy of DOMA
(DBN)

______________

Corporate Reform:

Consumer Protection Bureau Mired in Politics
(DBN)

GOP to Cut Funds for Regulatory Watchdogs
(DBN)

Elizabeth Warren, Capitalist Moderate
(DBN)

Inept Obama ‘Anybody but Warren’ Stance Reveals Fundamental Bank v. Middle Class Fault Line
(DBN)

Consumer bureau to run - director or not
(DBN)

Never Mind The CFPB Director, Who's Staffing The Rest Of The Agency?
(DBN)

What Happens if the Consumer Financial Protection Bureau Has No Director By Its Start Date?
(DBN)

GOP sets sights on Consumer Bureau in latest approps bill
(DBN)

SEC Proposes Expanding Scrutiny of Brokerage's Client Assets After Madoff
(DBN)

SEC Probes Merrill Lynch
(DBN)

Zubrow to Tell Congress Banking Rules ‘Hobbling’ Recovery
(DBN)

Whistleblowers Suffer More than Ever Under Obama
(DBN)

______________

Pensions:

Mo’ Money – New PBGC Rules May Free Up Cash for Lenders and Bondholders
(DBN)

______________

Food/Beverage:

Allen Foods jobs in jeopardy after bankruptcy
(DBN)

Markell, lawmakers meet over Allen case
(DBN)

______________

Fraud:

Are Rajaratnam investors the same as Madoff "net winners"
(DBN)

Bankruptcy judge orders sale of Peter Madoff's $270K vintage Aston Martin
(DBN)

WaMu Resumes Insider-Trading Inquiry
(DBN)

Grassley steps up pressure on SEC in SAC probe
(DBN)

Lunchtime walk led to insider conspiracy - witness
(DBN)

SEC seeks stronger post-Madoff audits
(DBN)

Judge shoots down Hecker claim for millions
(DBN)

$4M settlement; none for Hecker
(DBN)

Fair Finance trustee sues National Lampoon
(DBN)

Some Stanford victims to get compensation: SEC
(DBN)

Texans welcome SEC ruling to compensate Stanford investors
(DBN)

SIPC to Review SEC Direction on Stanford Liquidation
(DBN)

Stanford International Bank liquidators seek to unfreeze funds
(DBN)

US Sen. Vitter drops plan to block SEC nominees
(DBN)

Goldman's Perjury Distraction
(DBN)

NJ Firm Accused Of Operating Commodity-Pool Ponzi Scheme
(DBN)

“New York Court of Appeals Upholds Purchase Agreement’s Broad Release in Affirming Dismissal of $900 Million Fraud Claim
(DBN)

Lawyer Strikes Deal With G-Men, Will Pay $2,485,000 and Take Two-Year Suspension
(DBN)

LI Ponzi Scheme Victims Hit Again
(DBN)

CalPERS bribe suspect to sell pricey wine collection
(DBN)

US Fidelis founders indicted
(DBN)

Key LeNature's witness challenged
(DBN)

Adelphia's Rigases Lose Bid to Dismiss Criminal Tax Case
(DBN)

Nightclub impresario who masqueraded as banker to help Rothstein pleads guilty to fraud
(DBN)

Dealbook’s Goldman debate
(DBN)

______________

Buttons:

Button Maker’s Bankruptcy Sale Stymies Antitrust Suit
(DBN)

______________

Corporate Governance:

Beware of the $1 a Year CEO
(DBN)

______________

Shipping:

Moody's cuts shipping view to negative on supply
(DBN)

______________

Economy:

U.S. consumer prices climb 0.2% in May
(DBN)

Wholesale Prices Rise at Slowed Pace in 10 Yrs
(DBN)

OECD: US Recovery on Track
(DBN)

Treasuries Rally as European Discord Threatens Greece Rescue
(DBN)

Will our net worth ever recover?
(DBN)

CEOs Less Confident About the Economy
(DBN)

Rich world economy prospects darken as US slows
(DBN)

Fed boxed in as U.S. slouches toward stagflation
(DBN)

People Still Blame Bush More Than Obama For The Economic Mess
(DBN)

Recession Winner: Pelosi Wealth Grows By 62%
(DBN)

White House wants business to aid in debt cap fight
(DBN)

Biden Sure of More Than $1T in Deficit Cuts
(DBN)

China Increases Holdings of US Treasurys
(DBN)

Debt Challenge Makes for Two Lonely Republicans
(DBN)

Obama, Boehner golf to get debt talks out of rough
(DBN)

Congress Is Taking Debt Ceiling Seriously: Schweikert
(DBN)

Deficit Deal Near? Negotiators Are Showing Signs of Progress
(DBN)

Consumer Inflation Slowed in May as Energy Prices Eased
(DBN)

The Great G.D.P. Disappointment
(DBN - NY Times - Paywall Limit Possible)

Rosenberg 99% Sure of Another Recession
(DBN)

Industrial production inches up 0.1% in May
(DBN)

US Factory Production Rose in May
(DBN)

June Empire State index plunges to negative figure
(DBN)

Business Slowly Starts to Party Again
(DBN)

Rural Americans Turn to Shelters for Help
(DBN)

Nouriel Roubini: the 2nd wave of the global crisis is inevitable
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

How the Mortgage Industry Bullies Lawyers Who Sue Them
(DBN)

Courts May Reshape Mortgage Industry
(DBN)

Foreclosures fall for 8th straight month
(DBN)

Foreclosure Filings Drop, But Crisis Remains
(DBN)

Foreclosures Plunge as Process Delays Mask Rising Bank Inventory
(DBN)

Stockton No. 2 nationally in foreclosures
(DBN)

Senate Lawmakers Want Tough Approach in Foreclosure Talks
(DBN)

Regulator 'not interfering' in mortgage talks
(DBN)

Here's how to fix the foreclosure crisis
(DBN)

Schuette issues subpoenas over mortgage documentation
(DBN)

Michigan Attorney General Subpoenas Three Mortgage Processors in Probe
(DBN)

Homebuilder sentiment drops in June: NAHB
(DBN)

Renters Next Victims of Housing Market
(DBN)

Shiller wants pre-planned workouts on future mortgages
(DBN)

When (and Where) to Walk Away from Your Mortgage
(DBN)

Ford: Another Casualty of Housing’s Ongoing Slump
(DBN)

Risk retention may slow return of private-label mortgage finance
(DBN)

Bank of America apologizes for mistakenly accusing 5,000 of being late on property taxes
(DBN)

Sentiment Sours, Falls to Record Low
(DBN)

Miami Beach's Artecity set for bankruptcy auction
(DBN)

22 Year Old Buys $150M LA Mansion
(DBN)

The 10 most expensive U.S. cities to buy a home
(DBN)

The 10 most affordable U.S. home markets
(DBN)

Foreigners Make Run on US Housing Market
(DBN)

Tussling Over Apartment Giant's Fate
(DBN)

Casey Mulligan’s weird defense of the mortgage-interest deduction
(DBN)

Misdirection In Goldman Sachs' Housing Short
(DBN)

Home Prices Exploding in Silicon Valley Amid More Millionaires
(DBN)

Family Driven Into Bankruptcy by Hundreds of Snakes
(DBN)

_____________

Lehman:

Lehman, Goldman settle email disclosure dispute
(DBN)

Lehman Wins Approval to Sell New York Building to L&L for $160 Million
(DBN)

Paulson Stops Intimidating Banks, For Now
(DBN)

______________

Opera:

How People's Opera Orchestrated Its Peril
(DBN)

_____________

Orchestras:

SSO musicians form foundation to present concerts
(DBN)

______________

Telecoms:

TerreStar Networks Agrees to $1.375 Billion Bankruptcy Sale To DISH, Filings Show
(DBN)

Dish Network Bids for TerreStar Networks: Why?
(DBN)

LighSquared stymied in bid for Terrestar
(DBN)

Xanadoo offers bankruptcy loan to keep subsidiaries operating
(DBN)

_____________

Hotels:

Extended Stay Trustee Sues Over 'Tainted' $8B 2007 Buyout
(DBN)

Blackstone Group Sued Over Sale of Hotel Owner Extended Stay
(DBN)

Extended Stay Trustee's 107 pg complaint
(DBN)

Extended Stay Trustee's 179 pg complaint vs. Blackstone
(DBN)

Allstate, Lowe, Guardian Form Joint Venture to Buy Distressed Hotels
(DBN)

______________

Debt Collection:

Debt Collection Brawl May Claim Human Leg
(DBN)

Lawsuits Against Agencies, Creditors Spike
(DBN)

______________

Municipalities:

Munis Holding Strong
(DBN)

Leave Meredith Alone! All Really is Not Well in Muniland
(DBN)

Mich. treasurer dismisses notion Pontiac will fall into bankruptcy
(DBN)

Patterson: Pontiac's nearly broke
(DBN)

Fitch cuts Hawaii rating, cites tourism dependence
(DBN)

'No Recovery in Sight,' Says UCLA Anderson Forecast
(DBN)

Alabama Official Says 25% Sewer Rate Hike Is Too Steep
(DBN)

States Want More in Pension Contributions
(DBN)

______________

Celebs:

Bankruptcy judge to consider sale of property in Palmeiro project
(DBN)

______________

Mass Transit:

Bankrupt Las Vegas Monorail Says It Must Expand or Close Within 8 Years
(DBN)

______________

Aviation:

Airfare climbs as more business travelers fly
(DBN)

Firms finally run out of patience with Air Zimbabwe
(DBN)

______________

Health Care:

HearUSA bankruptcy auction set
(DBN)

______________

Gambling:

Details of Indiana Downs & Indiana Live! Casino's Schedules of Assets & Liabilities and Statements of Financial Affairs
(DBN)

Majestic Star cuts staff, closes one casino floor
(DBN)

______________

Accounting:

Accountancy job growth 'worst in industry'
(DBN)

Ninth Circuit Rules for PwC in California Overtime Lawsuit
(DBN)

______________

Apparel:

Rock & Republic Founder Moves On
(DBN)

______________

Consultants:

Miller Buckfire Restructuring Veteran to Leave
(DBN)

Garden City Group Promotes Gottlieb to Assistant VP of Midwest Operations
(DBN)

______________

Credit/Debit Cards:

Amex’s aggressive move into prepaid cards
(DBN)

______________

Celebs:

Nicolas Cage Settles Lawsuit
(DBN)

______________

Private Equity:

Companies Backed By Private Equity Will Face the Same or Higher Default Rates
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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:

Survey Finds Free-Fall Bankruptcies Becoming More Rare
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

What to Do When Financial Institutions Fail
(DBN - NY Times - Paywall Limit Possible)

Why I was the Skunk at the Party
(DBN)

"Too Big To Fail" law has its own issues, economist says
(DBN)

Too Big to Fail Ends With Wave of a Magic Wand
(DBN)

______________

Discharge:

Are Third Party Releases “All in the Family”?
(DBN)

______________

Banking:

WaMu Settlement Agreement With Shareholders Said to Collapse
(DBN)

FDIC's Bair to Tell Congress Banks Need to Raise More Capital
(DBN)

UBS, Credit Suisse Must Bolster 'Thin' Capital Buffers, Central Bank Says
(DBN)

Extreme Bank Regulation Is The Key To This Lousy Economy
(DBN)

Community bankers warn Congress of over-regulation
(DBN)

CFPB Bank Supervisor Says Agency Oversight Set to Start July 21
(DBN)

Bank chiefs ditch the hair shirts
(DBN)

______________

Retailing:

11 Borders stores nationwide could get reprieve
(DBN)

Borders Reaches Deal To Avoid 45 Store Closures
(DBN)

Borders May Avoid Some Store Closings With Lender, Creditor Deal
(DBN)

______________

Religion:

Illinois bishop asks top court to reconsider abuse case; victim's lawyer decries stall tactics
(DBN)

______________

Horticulture:

Teufel hits post- bankruptcy milestone
(DBN)

______________

UK:

Inflation at 2-1/2 year high
(DBN)

High inflation could have 'disastrous consequences' for UK, economists warn
(DBN)

Food and fuel keep inflation high, with more rises to come
(DBN)

UK retail sales plunge as households' worries grow
(DBN)

Regulatory clout won't ease Bank credibility doubts
(DBN)

UK to publish bank regulation proposals on Thursday
(DBN)

UK's Osborne to announce sale of Northern Rock
(DBN)

Osborne Says It's Time to Plan Exit From Banking Support as U.K. Recovers
(DBN)

PwC: Banks' bad loans balloon while provisioning shrinks
(DBN)

UK Regulator Warns 260 Firms of 'Widespread Failings'
(DBN)

A ringfence would not stop a run on the bank
(DBN)

Southern Cross landlords agree to restructure
(DBN)

Southern Cross strikes four-month deal with landlords
(DBN)

Hefty sentences for £50m mortgage fraud duo
(DBN)

UK: Middle Class Can't Afford Kid's College
(DBN)

Colliers expands corporate recovery team
(DBN)

Turnaround investors splash £1bn, says KPMG
(DBN)

Receiver Appointed To Marriott Hotels In UK
(DBN)

Appointment of Administrators - 15 June 2011
(DBN)

Winding Up Petitions - 15 June 2011
(DBN)

______________

EU:

ECB says debt crisis risks destabilising banks
(DBN)

Banks credit risk back at 2008 levels -ECB report
(DBN)

Greece Debt Crisis Is Main Stability Threat to Euro Region Banks, ECB Says
(DBN)

Germany insists all of EU must pay for Greece bailout
(DBN)

Germany stresses outcome over method in Greek deal
(DBN)

Merkel's Hard Line Annoys European Partners
(DBN)

Europe's 'Lehman Moment' Looms as Greek Debt Unravels Markets
(DBN)

The Real Reason That Europe Is Facing A "Lehman Moment"
(DBN)

______________

Canada:

Canada: Economy & Less Consumer Spending
(DBN)

______________

PIGS:

Anti-austerity protests in Greece erupt into violence
(DBN)

Wave of anger blankets Athens as Greece weighs new austerity measures
(DBN)

Why Greece Is Not the Next Lehman
(DBN)

Greece: Elections or Broke?
(DBN)

Leading Socialist quits ahead of reshuffle
(DBN)

Greek Coalition Talks Founder
(DBN)

Who Wants the Worst Job in Europe?
(DBN)

Greek crisis at the tipping point
(DBN)

Greece In Perspective
(DBN)

If Ireland can force haircuts on senior debt holders, why can't Greece?
(DBN)

Greece default fallout can be contained: ex-IMF economist
(DBN)

Greece, Ireland, Portugal: Who Holds the Debt?
(DBN)

Organized criminals eye vulnerable Greece for illicit enterprise
(DBN)

Ireland seeks to go after Anglo's senior bondholders
(DBN)

Senior Anglo and Nationwide bondholders could be burned – Noonan
(DBN)

Bank of Ireland bosses face barrage of anger and eggs
(DBN)

Bank of Ireland Becomes a 'Slave' to Sovereign Debt Woe
(DBN)

How is the “civil servant” in Frankfurt gonna take an Irish haircut?
(DBN)

Noonan tells investors in US our corporate tax rate is not 'up for renegotiation'
(DBN)

IE: Rise in residential mortgage arrears
(DBN)

Irish Horses May Ease Bailout Burden as ECB Pushes Asset Sales
(DBN)

Irish jobless rate rises again
(DBN)

Ireland's central bank 'likely to move on loan loss reporting'
(DBN)

IE: The lesser-spotted variegated burdensharing for senior bondholders
(DBN)

Spain central banker: Fiscal, labor reforms needed
(DBN)

Protests block Spain's Catalan parliament
(DBN)

Spanish foreclosure fears put pressure back on STD, BBVA
(DBN)

Spain Rejects Proposal to Reform Mortgage-Foreclosure Rules
(DBN)

Moody's May Downgrade A Portugal Banks' Unit
(DBN)

Iceland, Ireland, Spain Among the Strongest Stock Markets in Europe
(DBN)

______________

India:

RBI Governor Grapples With 'Horror Show'
(DBN)

Wary investors spy trouble in India bonds
(DBN)

______________

China:

S&P's cuts outlook on China land developers
(DBN)

______________

Japan:

Leaking Nuclear Reactor Plan Unveiled
(DBN)

Moves to oust Kan may be linked to politicians in TEPCO's pocket
(DBN)

TEPCO should go through legal bankruptcy process
(DBN)

More Japanese On Welfare Than Any Time Since Immediately After World War II
(DBN)

______________

MENA:

Gaddafi Running Out of Money
(DBN)

______________

New Zealand:

Bankrupt developer apologizes for overseas trip
(DBN)

______________

Italy:

Police hold 45 in Italian tax evasion probe
(DBN)

______________

Austria:

A-TEC Says In Talks With Potential Investors
(DBN)

______________

Russia:

Khodorkovsky Says Corruption Means Russia Economy Needs $200 Oil
(DBN)

______________

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