June 2, 2011

The Daily Bankruptcy News

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Law:

Madoff Bankruptcy Judge Lifland Approves Fees for Trustee Irving Picard
(DBN)

The Man Recovering Money For Madoff Victims Is Charging Too Much, Suit Says
(DBN)

A Tale of Two Law-Firm Tiers: The Top 23 and All the Rest
(DBN)

The Am Law 200: A Chasm with Consequences
(DBN)

Big Law Bounces Back in California
(DBN)

Foley Launches $4 Million Investment Fund
(DBN)

Divorce, Paul Weiss Style
(DBN)

US law firms score high marks for London vacation schemes
(DBN)

CMS partners set to pay in up to £70,000 in new cash call
(DBN)

There's slow at the office. Then there's moribund.
(DBN)

Should You Be A Lawyer? Ask A Four-Year-Old.
(DBN)

White & Case chair Verrier set for clear run for second term at helm
(DBN)

Honigman Miller, Vice Chairman Settle With Former Staffer
(DBN)

$196 Million Judgment Entered in Favor of Bankruptcy Lawyer
(DBN)

Ex-Chicago Mayor Daley Joins Katten Muchin
(DBN)

Insol International Announces New Fellows
(DBN)

The Recent Wave of IPOs is Keeping Lawyers Very Busy
(DBN)

Small Firms: Reflections on Thirteen Years
(DBN)

TARP Lawyer Takes BigLaw Partnership in NY and DC
(DBN)

More Trouble for ‘Tax Lady’ as IRS Hits Her With $183K Lien, But 70 Independent Franchises Stay Open
(DBN)

Disbarred vigilante attorney, homeowner arraigned in foreclosure break-in
(DBN)

Latest Job Data From NALP Confirm That Class of 2010 Is Lost
(DBN)

SEC Bigwig Headed to Simpson Thacher
(DBN)

Social Media: Resistance Is Futile
(DBN)

Another Top 10 List Dominated by iPad Apps for Lawyers
(DBN)

This Guy Has My MacBook? Tracking Programs Get Viral Love in Stolen Laptop Stories
(DBN)

BigLaw Firm to Anchor Revived Midtown Manhattan Skyscraper
(DBN)

Tiger Asia, Countrywide, Anadarko, UBS, Galleon in Court News
(DBN)

Law Firms Back to Business in Post-Quake Japan
(DBN)

Lawyer’s Representation of Client—Her Own Mom—in Real Estate Matter Merits Disbarment, Panel Says
(DBN)

NYT Learns of Goldman Trader's Legal Defense from Discarded Laptop
(DBN)

Honigman Settles with Ex-Assistant Who Said She Injured Her Back While Wearing Required High Heels
(DBN)

Doc Who Implanted 12 Embryos in ‘Octomom’ to Lose Medical License
(DBN)

Cameras Caught Lawyer Stealing Crime Textbook, Police Say
(DBN)

Law society accepts former escort as lawyer
(DBN)

______________

Judges:

‘It’s a Mistake,’ Says Alito, After Discovering Disney-Stock Oversight
(DBN)

Judge Agrees to Reprimand for Allegedly Yelling At and Insulting Lawyers, Especially Women
(DBN)

Legal Groups Publish Guide to Becoming a Judge
(DBN)

Derailed judicial appointment sends a chilling message.
(DBN)

7th Circuit Scolds Hogan Lovells for ‘Misleadingly’ Describing Case in Appellate Brief
(DBN)

Judge Benches Lawyer as Trial Looms for Chevron & Ecuadoreans
(DBN)

Hundreds of 'Terrific' Workers Laid Off as Personnel Cuts End
(DBN)

______________

Wall Street:

U.S. stock futures edge up ahead of jobless data
(DBN)

European Stocks Decline as Moody's Raises Greek Debt Default Risk to 50%
(DBN)

Wall St skids as banks slash jobs outlook
(DBN)

Dow falls 279 points on fears about economy
(DBN)

Stocks Start June With a Sharp Loss
(DBN)

SIPC Fund ‘Choking’ Victims, Investor Says
(DBN)

‘Naked Auditors’ Case Shows Wall Street Not Cured
(DBN)

Ivy League: The best route to Wall Street
(DBN)

______________

Layoffs:

ADP Data Suggests Stall in Job Growth
(DBN)

More job seekers give up , reducing unemployment
(DBN)

Employment data may be key to president's job
(DBN)

Negative signs for the job market
(DBN)

American's Hidden Unemployment Problem
(DBN)

Job Cuts Announced in US in May Fell 4.3% From Year Ago
(DBN)

Planned Layoffs Up Slightly in May
(DBN)

DFW Again Leads Nation in Job Growth
(DBN)

Job Trends: Job Postings Per Capita
(DBN)

NALP Report: Law Grad Hiring Reaches Lowest Levels Since 1996
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Goffer Evidence Is 'Overwhelming,' Prosecutor Tells Jurors
(DBN)

Debating Madoff
(DBN)

Investors victimized by Bernie Madoff scheme slam trustee Irving Picard for redefining net equity
(DBN)

SAC Capital Said to Face Insider Trading Inquiry
(DBN - NY Times - Paywall Limit Possible)

When a Legal Victory Isn't a Victory
(DBN - NY Times - Paywall Limit Possible)

______________

Mail:

Why bankruptcy is not such a bad idea for USPS
(DBN)

______________

Lehman:

Lehman Presses Big Banks on Derivatives Settlement
(DBN)

Lehman Pitches Plan for Derivatives Claims of Goldman, Banks
(DBN)

Lehman Brothers toes up to Citigroup over $1B in “forced” Collateral
(DBN)

Goldman Accused Of Intentionally Moving At 'Glacial Pace' In Lehman Holdings' Probe
(DBN)

Lehman told clients of risks, court told
(DBN)

______________

Banking:

JPMorgan Chase, Lehman Settle Dispute Over $222 Million in WaMu Claims
(DBN)

Washington Mutual Soars 350% On Bankruptcy Exit Plan
(DBN)

Guess How Much The Average Banker Divorce Settlement Costs
(DBN)

European Regulator Criticizes U.S. on Banker Bonuses
(DBN - NY Times - Paywall Limit Possible)

_____________

Furniture:

Chinese investor acquires Robb & Stucky name
(DBN)

______________

Corporate Governance:

Yet Another Lawsuit Following "No" Vote on "Say on Pay"
(DBN)

______________

Tax:

A closer look at the Jackson Hewitt bankruptcy
(DBN)

Report: US firms dodging taxe$
(DBN)

______________

Health Care:

Judge Approves Landmark Hospital Sale
(DBN)

______________

Food/Beverage:

Sbarro's Best Offering Is Playing Hard to Get
(DBN)

Plea to Sbarro: Save the Cheese-Steak Slice
(DBN)

Tecce's seeks bankruptcy protection
(DBN)

Restaurant Performance Index indicates expansion in April
(DBN)

______________

Photography:

Marilyn Monroe Photographer’s Archive in Bankruptcy
(DBN)

______________

Retailing:

The Mystery Bidder for Borders: Meet Alec Gores
(DBN)

______________

Economy:

House GOP Signals Little Progress In "Frosty" Deficit Meeting With Obama
(DBN)

Boehner Calls for Obama to Engage More Directly in Talks on U.S. Debt Deal
(DBN)

Boehner: Debt Ceiling Raised by Next Month
(DBN)

Horror for US Economy as Data Falls off Cliff
(DBN)

Pimco's Gross Says Treasury Investors Face Similar Fate as Boiling Frog
(DBN)

Fed May Signal Balance Sheet Will Stay at Record to Counter U.S. Slowdown
(DBN)

Economic Reports for May Show an Entrenched Slowdown
(DBN)

US Treasury yield drops below 3%
(DBN)

US Manufacturing Cools
(DBN)

Manufacturing Threatens Global Recovery
(DBN)

Manufacturing, Jobs Pull Back as Costs Climb
(DBN)

Federal Reserve warns discount window becoming too transparent
(DBN)

Could Ending Corporate Tax Breaks Help?
(DBN)

Prepare for 3rd Round Of Money Printing
(DBN)

Yastrow: “We Are on the Verge of a Great, Great Depression”
(DBN)

Here's What's Really Killing The Recovery Dead In Its Tracks
(DBN)

Oil Falls to Lowest in Week as Manufacturing Slows; US Supplies Increase
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Banks Hit Foreclosure Hurdle
(DBN)

Mortgage Ownership Miscues Threaten Foreclosures
(DBN)

Lawyers Offer to Get Rid of Their Profession to Save the TARP Banks
(DBN)

The Real Assault on the Legal System
(DBN)

Wall Street Journal Figures Out Massive Chain of Title Problem
(DBN)

MERS foreclosure amendment dies in Oregon House committee
(DBN)

MERS Ruling Affects HUD REOs In Michigan
(DBN)

Half of mortgage borrowers could never afford 20% down payment
(DBN)

Lower loan limits deadline may not boost housing prices
(DBN)

LPS Reports Seasonal Increase In Delinquencies
(DBN)

Underreported: Collapse in Homeownership
(DBN)

Atlanta Home Prices Back at 1999 Levels
(DBN)

The 19 Cities Where Home Prices Just Won't Stop Falling
(DBN)

Detroit minister blames banks for blight
(DBN)

Are U.S. Homebuyers Factoring In The Risk Of A Detroit-Like Decline?
(DBN)

78% of distressed listings $500,000 or less
(DBN)

Foreclosing on a Bunch of Snakes
(DBN)

The modification mistake
(DBN)

BofA CEO says foreclosure deal will take time
(DBN)

Rep. Cummings Demands FC Review Letters
(DBN)

Home-Buyer Tax Credits: Worth the Cost?
(DBN)

Data shows spending on home products falls in May
(DBN)

Construction Spending increased 0.4% in April
(DBN)

Angelo Mozilo wants Allstate securities case dropped
(DBN)

Former Phoenix Loan Officer Pleads Guilty to $40 Million Mortgage Scam
(DBN)

Options Bulls Eye Pulte as Home Prices Sink
(DBN)

The anti-risk-retention lobby’s bizarre logic
(DBN)

CMBS Delinquency Rate Takes a Breather
(DBN)

362(d)(3): Codification of Extend and Pretend
(DBN)

_____________

Autos:

Geithner Touts GM, Chrysler Rebounds Since Bailouts
(DBN)

Washington to lose $14-billion from auto bailout
(DBN)

White House Spins Auto Bailouts
(DBN)

Treasury yet to determine price and timing of GM share sale
(DBN)

GM, Ford, Toyota Sales Fall as Gas Prices Discourage Buyers
(DBN)

Honda's May US Sales Down 23%
(DBN)

Is May auto sales slide merely a blip?
(DBN)

US auto sales cooled in May due to shortages
(DBN)

Chrysler sales buck industry slump
(DBN)

UAW President Says His Union Now Rejects Adversarial Approach
(DBN)

GM Finance to Start Making Dealer Loans
(DBN)

Visteon Corporation files preference actions against creditors
(DBN)

Japan: May Car Sales Worse Since 1968
(DBN)

______________

Fraud:

Laptop in trash turns into treasure for reporters
(DBN)

Feds Seek $30.7 Million From Farkas
(DBN)

Insider Trading Roundup: The SAC Capital Plot Thickens, More
(DBN)

Madoff Trustee Wins $43.9 Million Fees for Four Months
(DBN)

Bernie Madoff's Baltimore Catholic connection
(DBN)

Fourth defendant accused in Rothstein fraud turns himself in
(DBN)

______________

Hockey:

Dallas Stars Sale: Could Gaglardi See Competing Bids in Bankruptcy Court?
(DBN)

______________

Municipalities:

Vallejo Judge to Weigh California City's Finance Plan to Exit Bankruptcy
(DBN)

Turnaround Firms Go Municipal
(DBN)

New Jersey Pension System Steaming Toward Bankruptcy
(DBN)

Barry County E911 faces bankruptcy
(DBN)

Wisconsin: I Thought the State was Broke
(DBN)

Illinois Solution to Deficit?: Let's Gamble
(DBN)

77,000 federal employees paid more than governors
(DBN)

U.S. Cities Strain to Maintain Assets as Federal Funding Declines
(DBN)

Tiny Towns May Be an Endangered Species
(DBN)

San Francisco's pension smackdown
(DBN)

______________

Consultants:

Forget Corporate Turnarounds, Now It's Governments
(DBN)

Alvarez & Marsal Hires Schreiber as Managing Director
(DBN)

Phoenix Management Services Promotes Gaul, Fuller to Director
(DBN)

______________

Mass Torts:

Anadarko Liable by Law for Gulf Oil Spill, Government Tells Federal Court
(DBN)

______________

Aviation:

IATA: airline profitability faces sharp headwinds
(DBN)

Airline Add-On Fees Double in 3 Years To $21 Billion
(DBN)

______________

Education:

'Softened' Regulations Issued For For-Profit Schools
(DBN)

______________

Hotels:

Investors Jump Back Into Rebounding Hotel Market
(DBN)

Receiver to stay, relatives out at troubled Aztec Hotel
(DBN)

______________

Small Business:

Gallup: Small Business in Soft Patch
(DBN)

______________

Religion:

Church abuse victims criticize mediation efforts
(DBN)

______________

Oil/Gas:

Pemex Sues U.S. Firms for $300 Million in Stolen Fuel
(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)

______________

Insurance:

Insurance Commissioner Disapproves Ambac Interest Payment on Surplus Notes
(DBN)

In Wake of Natural Disasters, Insurance Industry Braces for Losses
(DBN)

"Prior Knowledge" Clause Bars Coverage for Claims Arising out of Ponzi Scheme Created by One of the Insured's Officers/Directors
(DBN)

______________

Corporate Reform:

California congressman invites Elizabeth Warren back into the ring
(DBN)

Rep. McHenry and his shameful treatment of our nation's only consumer advocate
(DBN)

Elizabeth Warren vs. House Republicans, round 2
(DBN)

How to Respond When a Senator Meows at You
(DBN)

William Cohan Can Give No Reason for Not Appointing Warren, Except Some People Don’t Like Her
(DBN)

Warren's free month?
(DBN)

This Analyst Was Punished For Blowing The Whistle On Wall Street
(DBN)

Goldman Sachs: Too big to prosecute
(DBN)

______________

Bankruptcy Statistics:

New San Antonio bankruptcy cases fall in May
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Plan Confirmation:

Subrogation clause in an intercreditor agreement successfully transferred the right to vote on a bankruptcy plan
(DBN)

______________

Contracts:

How Good Are “Best Efforts”?
(DBN)

______________

Finance:

Fed's Williams Says Banks Reluctant to Increase Lending in Slow Recovery
(DBN)

______________

Celebs:

Housing Drama Continues for Orange County ‘Housewives’
(DBN)

Kevin Bacon Wants Role In Madoff Scheme Based Film
(DBN)

______________

Environmental:

Bankrupt oil company pays $8 million to end cleanup claim
(DBN)

______________

Video Rentals:

Someone Is Actually Suing To Keep Using The "Blockbuster" Brand
(DBN)

______________

Newspapers:

Newspaper ad revenue in US falls 7 percent in 1Q
(DBN)

______________

Debt Collection:

Nearly 600 Lawsuits Filed Against Collectors, Creditors In Half Month
(DBN)

______________

Consumer Finance:

Why You Should Never, Ever, Cosign a Loan for Anyone
(DBN)

______________

UK:

Insolvency practitioner in debt after £11,000 Olympic ticket win
(DBN)

Recovery will be the slowest for 200 years
(DBN)

New orders boost UK construction
(DBN)

Insolvency regulation 'will cost businesses'
(DBN)

Administrators still seeking Daily Sport buyer
(DBN)

Sharks who made a killing out of Southern Cross
(DBN)

Holocaust 'revisionist' Fredrick Toben fights bankruptcy proceedings
(DBN)

Funding Crisis Severely Threatens Health Care
(DBN)

Directors receive lengthy bans in land banking scheme
(DBN)

Half of pensioners will have nothing to leave
(DBN)

Appointment of Administrators - 1 June 2011
(DBN)

Winding Up Petitions - 1 June 2011
(DBN)

______________

EU:

Europe's Stress Tests to Be Delayed
(DBN)

ECB's Trichet : more EU economic powers next step in crisis
(DBN)

______________

Canada:

Gowlings associate is the first Western Canadian to be recognized as an INSOL Fellow
(DBN)

______________

PIIGS:

Moody's cuts Greece to 'Caa1'; outlook negative
(DBN)

Moody's Calls Europe's Bluff
(DBN)

Greece angry over Moody's downgrade
(DBN)

Talks on new Greek debt measures near an end
(DBN)

Greece to present new austerity plan
(DBN)

Greece agrees 6.4 billion euros in budget steps : source
(DBN)

Greek assets could be security for bonds
(DBN)

Lenders offer Greece tax deal for deeper public cuts
(DBN)

EU to Urge Investors to Buy New Greek Debt
(DBN)

EU Looking at "Voluntary Roll Over" as Option to Skirt Greek Default Event
(DBN)

Unions, creditors put Greece on the rack over debt
(DBN)

Greek PM to hold crisis talks with Juncker
(DBN)

Allianz sketches a rescue plan for Greece
(DBN)

The Stupidity of Hope: Greece Is Still Going to Default
(DBN)

Why a Greek Default Could Be Worse Than the Lehman Collapse
(DBN)

The Euro Living Dangerously
(DBN - NY Times - Paywall Limit Possible)

How Europe’s central banks are staving off catastrophe
(DBN)

Bank of Spain's Malo Backs ECB Stance on Restructuring of Greece's Debts
(DBN)

Is Ireland the same as Greece?
(DBN)

IE: Numbers Signing On For Unemployment Grow To More Than 443,000
(DBN)

Portugal markets brace for June 5 elections
(DBN)

______________

MENA:

Mubarak to Face Trial on August 3
(DBN)

Saudi Arabia to Build 16 Nuclear Reactors
(DBN)

______________

Australia:

Australia Back in Recession
(DBN)

______________

Czech Republic:

Czech Lottery in Chapter 11, Embattled CEO Still Taking Bets
(DBN)

______________

Indonesia:

Arrested bankruptcy judge facing Judicial Commission ethics training
(DBN)

Bribe to 'Buy' Verdict in a Bankruptcy Dispute Case
(DBN)

______________

Vietnam:

Vinashin Asks Bondholders to Write Off 90% of Debt After Default in April
(DBN)

______________

Belarus:

Belarus Asks for New IMF Loan
(DBN)

______________

Korea:

South Korean Prime Minister Lambasts Regulator for Failing to Probe Banks
(DBN)

______________

 

 

 

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Copyright 2011