June 7, 2011

The Daily Bankruptcy News

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Law:

Howrey LLP Moves to Convert Involuntary Bankruptcy Case to a Voluntary Chapter 11
(DBN)

Small Firms
(DBN)

Why Solo Attorneys Should Buy a Mac
(DBN)

Setting Market Prices (a.k.a Fees) with Reverse Auctions
(DBN)

Clifford Chance announces new salary bands for London associates
(DBN)

Legal Market Lost 1,000 Jobs in May and 700 in April
(DBN)

Legal Job Market Down for Fourth Straight Month
(DBN)

An Ugly Side to Powerful General Counsel
(DBN)

Legal Outsourcing Wave Comes Ashore
(DBN)

Firm signs up to 18.5m facilities outsourcing deal
(DBN)

Proskauer hitch fails to dent SJ Berwin’s American dream
(DBN)

Dickstein Shapiro Dickstein Shapiro Snaps Up 3 Bankruptcy Pros In NYC
(DBN)

Meet Kathryn Ruemmler, Obama’s New White House Counsel
(DBN)

Kathryn Ruemmler: The Next Lloyd Cutler?
(DBN)

Willkie Advises Fiat in Agreement to Acquire the U.S. Government’s Remaining Chrysler Stake
(DBN)

Michael Loucks Switches Sides, as Drug Makers' Lawyer
(DBN - NY Times - Paywall Limit Possible)

Gray Plant Mooty’s Henry Wang is New Chair of Minnesota State Bar Association Bankruptcy Law Section
(DBN)

Best Brits: UK Legal Mag Names Top In-House Teams
(DBN)

A Rookie's Perspective on the Future of E-Discovery
(DBN)

Diversity Scorecard 2011: Back on Track?
(DBN)

Checkbook Justice?
(DBN)

Kagan Opinion Deems Fee-Shifting Calculations to Be ‘Rough Justice’
(DBN)

Martindale-Hubbell Still Supreme, Survey Says
(DBN)

Goldman, JPMorgan, Madoff, Chiquita, Wachovia in Court News
(DBN)

Ex-Prosecutor Suspended for Failing to Pay Child Support, Owes Almost $77,000
(DBN)

"I really don't want to do that work in the ant farm world"
(DBN)

Lawyer of the Day: It’s Hard Out Here For… Oh, Never Mind.
(DBN)

Defense Lawyer Charged with Arranging to Bribe Cop to Say Client Was DEA Informant
(DBN)

Alum Donates Another $2.5M to Penn for Public Interest Law and Loan Forgiveness Programs
(DBN)

Disbarred Watergate Figure John Dean to Teach Ethics CLE
(DBN)

Law School: Now Effective 68% Of The Time
(DBN)

Thieves Steal Disabled Dog's Wheelchair
(DBN)

Has the Supreme Court Ever Heard Such a Peculiarly American Story As That of Anna Nicole Smith?
(DBN)

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Judges:

Judge Gets All Up in Deadbeat Dad's Grill, Lists Exactly What He Can Spend Money On
(DBN)

Facebook Used by Courts to Find Those Who 'Exist Only Online'
(DBN)

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Wall Street:

Stock index futures signal rebound
(DBN)

US stocks fall again
(DBN)

Goldman to Fight Back Against Senate Report
(DBN)

Goldman Uses Wall Street’s Favorite Reporter to Make Unpersuasive Defense Against Levin Report
(DBN)

Take The Goldman Sachs Personality Quiz, And See If You'd "Fit In"
(DBN)

Goldman CEO Lloyd Blankfein Did NOT Lie To Congress
(DBN - NY Times - Paywall Limit Possible)

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Layoffs:

Housing Starts and the Unemployment Rate
(DBN)

Small Business Hiring plans turn negative
(DBN)

The Creeping Rollback of Child Labor Laws
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Ex-Madoff man pleads guilty
(DBN)

Madoff Insider Admits to Altering Documents
(DBN)

Canary in Madoff case sings, pleads
(DBN)

Bidders snap up Bernie Madoff's items
(DBN)

Bernie Madoff underwear sold at auction
(DBN)

Ex-New York Met Lenny Dykstra Is Charged With Grand Theft
(DBN)

Stanford, Liquidations and the Serious Fraud Office
(DBN)

Legendary Investor Lenny Dykstra Might Need Bail Money, Pair Of Pants
(DBN)

Conrad Black Treated Inmates Like Servants
(DBN)

Gupta Sued by Goldman Shareholder for ‘Short-Swing’ Profits
(DBN)

Alleged Insider Trader's "Perfect" Tips Were Worth 12 Dead Lobsters, 3 iPhones, And $300 To Cheesecake Factory
(DBN)

Bitten by a Chinese Duck
(DBN)

Here's What's Really In That Massive Fraud Allegation Against Sino-Forest
(DBN)

Here's The Front Door Of Sino-Forest's Toronto Office
(DBN)

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Banking:

Limit Tough Rules to Top 10 Banks: Fed's Fisher
(DBN)

The Three Consumer Banking Systems
(DBN)

Fed Is Said to Back Three Percentage-Point Capital Surcharge for Big Banks
(DBN)

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Celebs:

Former MLB Star Lenny Dykstra Charged With 23 Felony Counts
(DBN)

Lenny Dykstra to face state fraud charges
(DBN)

Supreme Court Won't Hear Wesley Snipes Tax Evasion Appeal
(DBN)

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Lehman:

Judge: Lehman brokerage entitled to margin assets
(DBN)

Lehman Brokerage Gets $2 Billion From Barclays
(DBN)

Pimco Takes Bath on Lehman
(DBN)

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Resorts:

Receiver of Crowne Plaza San Marcos Golf Resort fires general manager
(DBN)

Bank, others want trustee to take over Peek'n Peak
(DBN)

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Glass:

PPG Files Objection in Vitro Case
(DBN)

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Food/Beverage:

Superfresh deal sees opposition
(DBN)

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Politics:

Palin: I Didn't Mess up on Paul Revere
(DBN)

The Fate of Peter Diamond; Or, Why No One Will Ever Be Confirmed, Ever
(DBN)

Senate confirms Obama lawyer as solicitor general
(DBN)

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Video Rentals:

Blockbuster Canada Says Dish Network Threatens to Stop Allowing Logo Use
(DBN)

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Telecoms:

Nortel asks for panel to negotiate over benefits
(DBN)

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Hockey:

Buyer Emerges for the Dallas Stars
(DBN - NY Times - Paywall Limit Possible)

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Economy:

Fed’s Plosser Says Stimulus Exit Plan Would Promote Stability
(DBN)

Plosser Advocates Plan for Ending Fed Stimulus to Avoid Market Confusion
(DBN)

Geithner: 'Very Good Chance' of Deficit Deal This Summer
(DBN)

Sarah Palin Says Timothy Geithner 'Crying Wolf' About Debt Ceiling Woes
(DBN)

Welcome to Austerity, America
(DBN)

Intensive Care Needed for US Economy
(DBN)

China to US: Forget debt ceiling, cut spending
(DBN)

Low Yields on Treasury Debt No Guarantee that Fiscal Crisis Won’t Hit U.S.
(DBN)

Geithner, Banker Equally Happy TARP Is Winding Down
(DBN)

Bond Risk Highest Since Eisenhower
(DBN)

Don't Count on Stimulus. It's Not Coming
(DBN)

The Economic Perfect Storm That's Killing Consumer Spending
(DBN)

Income Inequality: World Top Incomes Database
(DBN)

Decline and fall of the American empire?
(DBN)

Food Prices Stay Near Record
(DBN)

Economic stress at 2-year low
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Bank of America to Pay Florida Couple in Mistaken Foreclosure Case
(DBN)

Bank of America pays debt instead of losing furniture
(DBN)

Manhattan condos fall short of pre-recession price points
(DBN)

6 Reasons Housing Prices Aren't Rising
(DBN)

Existing Home Active Listings show Big Declines in Wide Range of Metro Areas
(DBN)

Report Finds Home Buyers Remaining On Sidelines
(DBN)

Lawmakers seek to remove paid medical bills from mortgage originations
(DBN)

About Those Notes...Evidence of Securitization Fail
(DBN)

Ruling Challenges Ore. Foreclosure System
(DBN)

Fannie, Freddie foreclosure prevention eases in 2011
(DBN)

Fannie Takes Big First Step With Servicing Alignment
(DBN)

Feds should do more to help underwater borrowers: Moody's
(DBN)

Fannie Mae updates rules on delinquent loans
(DBN)

Regulators delay risk-retention rule to August
(DBN)

The World's Number One Real Estate Agent Just Filed For Bankruptcy
(DBN)

Construction Woes: No End in Sight
(DBN)

Unemployment Rate and Residential Construction Growth, by State
(DBN)

Roseland developer files for bankruptcy protection
(DBN)

Foreclosure Fraud Price Tag: $20 Billion
(DBN)

Is Foreclosure Via Facebook Coming to the US?
(DBN)

‘Hard Money’ Lending Has Sordid Past in Nevada County, Calif.
(DBN)

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Corporate Reform:

This fight's not over yet
(DBN)

The destructive nomination politics surrounding Warren and Diamond
(DBN)

What Good Will The Consumer Financial Protection Bureau Do?
(DBN)

What Good Will the Consumer Financial Protection Bureau Do?
(DBN)

Sparks May Fly When Warren Returns to Hill
(DBN)

SEC hits a new low on Lehman
(DBN)

Geithner urges support for banking reforms
(DBN)

Geithner warns on light-touch oversight
(DBN)

Dodd-Frank Gotterdämerung: The Durbin Amendment Rollback
(DBN)

Geithner: Banks risk crisis by trying to undercut reform
(DBN)

Financial Overhaul Is Mired in Detail and Dissent
(DBN)

Geithner Urges Global Regulators to Avoid 'Race to the Bottom'
(DBN)

Fed's Fisher Says Regulators May Need to Break Up Big Banks
(DBN)

From Dodd-Frank to Dud: How Financial Reform May Be Going Wrong
(DBN)

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Autos:

The auto bailout was always a bad idea
(DBN)

Spinning the auto bailout
(DBN)

Collateral damage tarnishes auto bailouts
(DBN)

Chrysler CEO: What Was Romney Smoking?
(DBN)

The Chrysler Miracle
(DBN)

Mazda To Quit Building Cars At Michigan Plant
(DBN)

Bertone concepts sold at auction
(DBN)

China's auto market to grow 12-15% annually: AlixPartners
(DBN)

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Aviation:

Airlines 'robbed' again
(DBN)

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Tubing:

Wolverine's Chapter 11 plan faces objections
(DBN)

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Non-Profits:

Chapter 11 Plan Feasibility for Nonprofit Debtors Requires More Than Successful Fundraising Track Recor
(DBN)

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Derivatives:

Close-out Netting and Set-off Provisions for BVI, Cayman Islands, Guernsey and Jersey Counterparties
(DBN)

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Municipalities:

Troubled Alabama County Weighs Wide Layoffs
(DBN)

Whitney: States Finances Worse Than Stated
(DBN)

Meredith Whitney Doubles Down AND Cops Out On Her Muni Doom Prediction
(DBN)

Vexing questions surround emergency manager legislation
(DBN)

Town's Only Police Dog Pink-Slipped In Budget Cuts
(DBN)

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Mail:

US Postal Service is Running Out of Options
(DBN)

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Religion:

No Plea Deal in Philadelphia Archdiocese Abuse Charges
(DBN)

Church Accused of Covering Up
(DBN)

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IMF:

Ex-IMF Chief Strauss-Kahn Pleads Not Guilty
(DBN)

The 10 Best Dominique Strauss-Kahn Jokes
(DBN)

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Hotels:

Three hotels file for Ch. 11 bankruptcy protection
(DBN)

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Debt Collection:

State AGs Oppose Settlement With Debt Buyer
(DBN)

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Awards:

Cohen & Grigsby Attorneys Certified as Business Bankruptcy
(DBN)

______________

Shipping:

Frontline Billionaire Bets Tankers Collapsing
(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)

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Miscellaneous:

Business Restructuring Review
(DBN)

Debtors' Prison
(DBN)

Bankruptcy Laws Drive Corporate Default Rates According to Stanford Graduate School of Business Research
(DBN)

The Failure Tour Of New York
(DBN)

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Bankruptcy Statistics:

AZ valley bankruptcies fell again in May
(DBN)

Nevada Leads Nation in Bankruptcy Filings
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Preserving APR Plan Confirmation Objections on Appeal
(DBN)

Equitable Mootness Doctrine Examined (Part 1): Is a Confirmation Order Truly Final? Or Can an Appellant Take Another Bite at the Apple?
(DBN)

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Claims Trading:

Bankruptcy Claims Traders Beware: Ensure That the Cure Comes With the Claim
(DBN)

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Professional Compensation:

Section503(b)NotExclusiveAuthority for Payment of Creditor Fees and Expenses in Chapter 11
(DBN)

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Consolidation:

Substantive Consolidation and Nondebtor Entities: The Fight Continues
(DBN)

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Insurance:

CLICO liquidator raises first $10m from asset sale
(DBN)

D&O Insurance: Does "Fraudulent" Mean "Fraudulent"?
(DBN)

Treatment of swap agreements under insurance insolvencies
(DBN)

______________

Health Care:

Cancer costs put treatments out of reach for many
(DBN)

The hidden cost of survival: Study finds bankruptcy rates among cancer patients increase along with survival time
(DBN)

NC medical supplies company facing new troubles
(DBN)

Doctors Medical Center grapples with grim budget
(DBN)

In defense of Canada
(DBN)

Firms to cut health plans as reform starts - 30% of companies say they’ll stop offering coverage
(DBN)

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Theater:

Florida Stage declares bankruptcy , ceases operations
(DBN)

Latest Madoff Victim: Florida Stage, a Supporter of New Plays
(DBN - NY Times - Paywall Limit Possible)

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Retailing:

Judge Ends Borders-Seattle's Best 'Brewhaha'
(DBN)

Borders Loses Another Top Executive
(DBN)

Sharper Image Gift Cards May Be Worth Something After All
(DBN)

Hartstrings files Chapter 7
(DBN)

New owner keeps Hartstrings open
(DBN)

Signature Styles (Spiegel, Newport News & Shape Fx Brands) Files for Chapter 11 With Deal to Sell All Assets
(DBN)

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Oil/Gas:

A Semi-Sweet Post-Bankruptcy Morsel
(DBN)

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UK:

Blair aide's key role at bank that oversaw sale of troubled Southern Cross empire
(DBN)

Southern Cross in emergency move to offload 180 homes
(DBN)

Law firm insolvency fears rise
(DBN)

Cut taxes to boost economy, IMF tells George Osborne
(DBN)

30 years of growth but only rich see wages rise
(DBN)

Wealthy British move abroad for well-being and happiness
(DBN)

Treasury 'won't back down on cuts' to help UK economy
(DBN)

Ken Clarke under fire from taxman over legal fee reforms
(DBN)

Lord Archer's artful dodge of the taxman
(DBN)

Property prices falling by 4.2% on last year
(DBN)

Zombie plan is not the way to fix the NHS
(DBN)

20% failing to put anything in a pension
(DBN)

HMV salvaged as creditors agree
(DBN)

Winding Up Petitions - 6th June 2011
(DBN)

Appointment of Administrators - 6th June 2011
(DBN)

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EU:

The Stark Choice For Europe
(DBN)

Trichet talks tough about euro misbehaviour
(DBN)

German banks most exposed to Greek debt, data show
(DBN)

Exposed ECB at risk of ' bankruptcy '
(DBN)

The European Debt Crisis, A Reality Check
(DBN)

German Regulator Attacks EBA Stress Tests
(DBN)

Europe’s Banks Too Fragile to Afford Greek Default
(DBN)

German Factory Orders Rebounded in April
(DBN)

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PIIGS:

Trichet Gives First Signal Endorsing Bond Rollovers to Stem Greek Crisis
(DBN)

PM says country's default avoided
(DBN)

Rating agencies might classify Greek rollover as default
(DBN)

IMF open to extending terms on Greek loans
(DBN)

Amid Greece Debt Fears, Few Options And None Of Them Good
(DBN)

Greek Austerity: 80,000 Protest in Athens
(DBN)

An early election could send Greece ‘over the cliff’
(DBN)

A Sense of Déjà Vu in Greece as History Repeats Itself
(DBN)

Eurozone's Juncker reveals 'death threats' from Greece
(DBN)

Portugal election: Centre-right wins back power to unveil grinding austerity measures
(DBN)

B Of I To Place Losses On Subordinated Bondholders
(DBN)

Spain Could Offer Asset-Protection Schemes for Cajas
(DBN)

Goldman Sachs Answers 5 Crucial Questions About Spain
(DBN)

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Japan:

Tepco's Government Support at Odds With Market Seeing Default More Likely
(DBN)

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Vietnam:

In Vietnam, Vinashin Plays Loose With Lenders
(DBN - NY Times - Paywall Limit Possible)

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MENA:

120 Killed in Northern Syria Massacre
(DBN)

Egypt to Receive $3 Billion from IMF
(DBN)

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Ivory Coast:

Ivory Coast to negotiate coupon repayments with bondholders
(DBN)

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New Zealand:

NZ Global Sale Looms After Liquidation
(DBN)

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Copyright 2011