June 22, 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:

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)

______________

Judges:

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

Sotomayor opens up about her diabetes
(DBN)

______________

Wall Street:

Futures Lower Ahead of Fed Decision
(DBN)

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

Morgan Stanely begins layoffs
(DBN)

______________

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)

______________

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)

______________

Building Materials:

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

______________

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)

______________

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)

______________

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)

_____________

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)

______________

Newspapers:

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

______________

Banking:

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

Nocera vs Sorkin, bank capital edition
(DBN)

______________

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)

______________

Apparel:

Measuring a Brand for a Bankruptcy Suit
(DBN)

______________

Celebs:

Socialite and Wine Maven Files for Bankruptcy
(DBN)

______________

Bankruptcy Crimes:

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

______________

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)

______________

Mass Transit:

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

______________

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)

______________

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 Reform:

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

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

______________

Bankruptcy Poetry:

Delaware Diary
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

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

______________

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)

______________

Food/Beverage:

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

______________

Horse Racing:

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

______________

Aviation:

Commander Premier Aircraft Files Chapter 11
(DBN)

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

______________

Mass Torts:

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

______________

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)

______________

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)

______________

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)

______________

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)

______________

 

 

 

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