June 22, 2011

The Daily Bankruptcy News

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Law:

Lender and Developer Sue Their Law Firms for Malpractice, Blame $70M Loan Default on Legal Advice
(DBN)

Firm Slammed With $10 Million Malpractice Verdict
(DBN)

Ex-Client Accuses Greenberg Traurig Of Malpractice
(DBN)

Ex-McGuireWoods Partner Gets Home Detention for Falsifying IRS Doc to Avoid Levy for Unpaid Tax
(DBN)

Supreme Court Disbars Bill Lerach
(DBN)

Melvyn Weiss: Trying to Get Back in the Game
(DBN - NY Times - Paywall Limit Possible)

Law firm Weil's Lehman bill tops $300 million
(DBN)

U.S. law firm spent $7 million to sue Wal-Mart
(DBN)

Inside the Strategy Behind BigLaw Firm's Big NY Move
(DBN)

Juggling Assignments and Your Sanity During the Summer
(DBN)

Celebrity Summer Associate: An Ex-Colleague of Lindsay Lohan
(DBN)

The Shrinking Legal Academy
(DBN)

Small Firms: Ice Is Not The Only One Who Loves Coco
(DBN)

Cozen Raids IP Litigation Boutique in NYC, Takes Away 19 of 27 Lawyers, Including 5 Senior Partners
(DBN)

Firm to Close Doors After 124 Years
(DBN)

Top 20 iPad Apps for Attorneys
(DBN)

Be Good Online
(DBN)

IBM Escalates E-Discovery Arms Race
(DBN)

Top Ten Basic Security Practices for a Virtual Law Office
(DBN)

Facing the Future in the 2011 In-House Tech Survey
(DBN)

Ouch! Can I Sue My Computer For Malpractice?
(DBN)

Will Domain Name Changes Produce New Names Like ".Law" and ".Skadden"?
(DBN)

Thomson Reuters Preps Tablet App for Lawyers
(DBN)

5 Advanced Degrees Still Worth the Debt
(DBN)

Stanford Law School: Why Are Your Professors Writing Books That Sound Like They’ve Been Written By Bloggers?
(DBN)

John Banzhaff, Professor of Law Extraordinaire
(DBN)

A Visual Representation Of The Law School Bubble
(DBN)

Some Law Schools Are Admitting Fewer Students. Hold the Applause
(DBN)

Fictional Lawyer Madness: The Sweet Sixteen
(DBN)

Attorney-Client Privilege Protects Law Firm from Shareholder Derivative Suit, Appellate Court Rules
(DBN)

City Settles Suit, Ex-City Attorney’s Law License Is Suspended re Court Sex During Plea Negotiations
(DBN)

Five Years Later, Thieving Bookkeeper Still Owes NY BigLaw Firm Big
(DBN)

Maybe This Will Get Their Attention
(DBN)

Dreaming About Quitting the Law Firm
(DBN)

Taylor Bean, AstraZeneca, Blackstone, Rambus in Court News
(DBN)

Moron of the Day
(DBN)

She Wore an Itsy, Bitsy, Teeny, Weenie . . .
(DBN)

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Judges:

Blogs battle over New York Times's report on Justice Clarence Thomas
(DBN)

Sotomayor opens up about her diabetes
(DBN)

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Wall Street:

Futures Lower Ahead of Fed Decision
(DBN)

U.S. stocks gain on confidence over Greece
(DBN)

Morgan Stanely begins layoffs
(DBN)

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Layoffs:

Gannett to lay off 700 newspaper workers
(DBN)

The Truth About Getting A Job After College
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

J.P. Morgan nailed in a Goldman-like fraud
(DBN)

Is JP Morgan So Different From Goldman? CDO Case Sounds Familiar
(DBN)

Point Blank Solutions Directors Offer to Settle SEC Claims Over Fraud
(DBN)

Mets Owners: We Never Shopped For Madoff Insurance
(DBN)

In federal court, Realtor implicates developer Trooien in fraud case
(DBN)

Feds Seek More Toys From Taylor Bean’s Farkas
(DBN)

Prosecutors To Cite ‘Adult Entertainment’ Payments In Sky Capital Fraud Case
(DBN)

Scott Rothstein Saga: "A Dozen to Two Dozen" to Be Charged In Next Round
(DBN)

Scott Rothstein "Dirty Dozen" To Be Charged?
(DBN)

Phoney Contest Scams get More Realistic
(DBN)

Disbarred Ex-Lawmaker’s Insurance Fraud Trial a Long, Strange Trip; 2 Mortgage Fraud Trials Await
(DBN)

Ex-FrontPoint Hedge Fund Manager Skowron in Talks Over U.S. Fraud Charges
(DBN)

Ex-Taylor, Bean CEO Paul Allen Sentenced to 40 Months in Prison for Fraud
(DBN)

Allen Stanford’s Criminal Trial Delayed to January While He’s in Treatment
(DBN)

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Building Materials:

Grace seeks permission from Bankruptcy Court for 'highly confidential' strategic deal
(DBN)

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Telecoms:

Judge OKs Dish bid to open TerreStar auction
(DBN)

Nortel's U.S. retirees get voice in bankruptcy
(DBN)

Judge Clears Path For Terrestar Auction
(DBN)

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Economy:

GOP doubts over long-term deficit deal grow
(DBN)

Short-term debt limit hike not good idea: Camp
(DBN)

Geithner Confident U.S. Will Avoid Default Crisis
(DBN)

Geithner: We Need ‘Revenue Increases'
(DBN)

Poll: Americans Worse Since Obama Elected
(DBN)

A Look Inside the Fed's Balance Sheet
(DBN)

The U.S. Vs. Brazil Chart That's Been Getting a Lot of Chatter
(DBN)

Competitiveness: A Tale of Two Economies
(DBN)

How to Revive the American Dream
(DBN)

Reagan and Revenues
(DBN - NY Times - Paywall Limit Possible)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Banks Will Be Sued If Foreclosure Practices Talks Collapse, Two States Say
(DBN)

Home sales at six-month low, showing weakness even in 'peak' season
(DBN)

Behind the Numbers: Drop in Home Resales
(DBN)

May Existing Home Sales: 4.81 million SAAR, 9.3 months of supply
(DBN)

Mortgage applications declined last week : MBA
(DBN)

Architecture Billings Index indicates declining demand in May
(DBN)

May mortgage delinquencies down substantially compared to 2010: LPS
(DBN)

Fannie, Freddie HARP refinancings drop for second-straight month
(DBN)

Rising numbers in Florida home and condo sales
(DBN)

Big four top contenders to replace Fannie, Freddie
(DBN)

Lawmakers: Government guarantee preserves 30-year mortgage
(DBN)

Former Radical Bunny partners face contempt charges
(DBN)

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Corporate Reform:

JPMorgan settles SEC charges for $153M
(DBN)

Magnetar's Role in 'Squared' Still Unclear
(DBN)

JP Morgan: 'We Are Sooo Pregnant with This Deal'
(DBN)

More Whistleblowers Alerting the SEC, Says Chief
(DBN)

One Madison creditors seek time to challenge loans
(DBN)

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Newspapers:

Gannett Laying off 700 More Workers Amid Ad Slump
(DBN)

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Banking:

OCC wants "modest" capital surcharge for big banks
(DBN)

Nocera vs Sorkin, bank capital edition
(DBN)

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Autos:

Obama Didn't Save Union Jobs, He Saved Union Pay
(DBN)

Dyer Consequences: The New Adventures of Old GM
(DBN)

35,000 Ford Workers Sign Grievance
(DBN)

Saab auto supplier forced to review options
(DBN)

Saab Suppliers Likely to Turn the Other Cheek
(DBN)

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Apparel:

Measuring a Brand for a Bankruptcy Suit
(DBN)

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Celebs:

Socialite and Wine Maven Files for Bankruptcy
(DBN)

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Bankruptcy Crimes:

Ex-clerk enters guilty plea in federal court
(DBN)

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Health Care:

Hawaii Medical Center files Chapter 11 bankruptcy — again
(DBN)

Defendant Says He Robbed a Bank to Get Prison Health Care
(DBN)

Live Free And Die
(DBN - NY Times - Paywall Limit Possible)

Medicaid for the middle class?
(DBN)

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Mass Transit:

Las Vegas Monorail Wins Permission to Seek Vote on Plan
(DBN)

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Municipalities:

Collective bargaining agreements, city bankruptcy protections eroded under proposed Pennsylvania bill
(DBN)

Harrisburg mayor: City should avoid bankruptcy
(DBN)

Harrisburg Works to Prevent Bankruptcy
(DBN)

Act 47: What if Harrisburg doesn't enact state's plan for financial recovery?
(DBN)

Harrisburg Hoping God Can Help Balance the Books
(DBN)

Harrisburg Mayor Stages Hunger Strike Over City's Budget Woes
(DBN)

Just in case ... Harrisburg asks mayor to prepare paper work for Chapter 9 ...
(DBN)

Alabama County's Woes Threaten Its Neighbors
(DBN)

Alabama governor's foray into Jefferson County sewer talks should help clarify options, including bankruptcy
(DBN)

No Threat of Bankruptcy , Los Angeles Budget Boss Contends
(DBN)

S&P: California Credit Rating at Crossroad
(DBN)

Cook taxpayers owe $108 billion - $63,525 per household
(DBN)

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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)

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Bankruptcy Reform:

Fixing Too Big To Fail Using Balance Sheet Sequestration
(DBN)

Bair Says Resolutions Panel Has Public, Private Expertise
(DBN)

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Bankruptcy Poetry:

Delaware Diary
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Pennies from Heaven: A Proposal for Streamlining De Minimis Distributions in Bankruptcy Cases
(DBN)

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Corporate Reform:

Republican Lynch Mob Looking Awfully Hard to Find Rope With Which to Hang Elizabeth Warren
(DBN)

John Walsh, a Regulator Critical of Over-Regulation
(DBN)

______________

Lehman:

Court holds that a bankruptcy termination provision that subordinates an in-the-money debtor’s right to a distribution may be an unenforceable ipso facto provision
(DBN)

______________

Retailing:

Borders Compensation Adviser May Take Pay Cut
(DBN)

Borders closing puts pressure on Barnes & Noble
(DBN)

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Food/Beverage:

Full-timer: Kluge working while filing bankruptcy
(DBN)

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Horse Racing:

Creditor seeks liquidation of farm assets, including sire of Kentucky Derby winner
(DBN)

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Aviation:

Commander Premier Aircraft Files Chapter 11
(DBN)

Texas TSA anti-groping bill back in play
(DBN)

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Mass Torts:

Chipping Away at Oil Spill Claims, BP Says State Laws Don't Apply
(DBN)

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Consultants:

Carl Marks Advisory Group Hires Berk as Managing Director
(DBN)

_____________

Hedge Funds:

Paulson May Deal Clients $720 Million Loss
(DBN)

Paulson Is Not Alone as Sino-Forest ‘Mistake’ Hits $31 Billion Davis Fund
(DBN)

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UK:

Appointment of Administrators - 21 June 2011
(DBN)

Winding Up Petitions - 21 June 2011
(DBN)

Corporate insolvencies expected to rise by three per cent during Q2
(DBN)

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EU:

Fitch details U.S. prime MM fund European exposure
(DBN)

EU readying 'Robin Hood' transaction-tax plan
(DBN)

Morgan Stanley Slashes Euro Forecast
(DBN)

EU Said to Consider Releasing Stress Tests When Markets Closed
(DBN)

It Sounds Like Someone Put The Fear Of God In Angela Merkel
(DBN)

Where Germany Would Be Without The Biggest Default In Modern History
(DBN)

______________

Canada:

Lyrtech shares fall after creditor issues notice of intent to enforce bankruptcy
(DBN)

Quebec helps insolvent shipyard with bid
(DBN)

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PIGS:

Greek govt survives, battles on to avoid bankruptcy
(DBN)

Confidence Vote in Greece: Papandreou Allowed to Continue from Frying Pan to Fire
(DBN)

Greece races for vast reforms after vote victory
(DBN)

Greek Vote Sets Stage for More Cuts
(DBN)

Talks with banks over Greek bailout begin
(DBN)

Greek Banks Feel Hostage to Debt Crisis
(DBN)

IMF warns Spain of setbacks
(DBN)

IMF says Spain needs more labor reforms to cut high jobless rate
(DBN)

Quinn's Swedish Firm 'Cannot Repay Huge Anglo Loans'
(DBN)

US judge orders Anglo Irish to discuss merger
(DBN)

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Copyright 2011