June 8, 2011

The Daily Bankruptcy News

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Law:

Howrey Seeks Voluntary Chapter 11, Wiley Rein Takes Lead
(DBN)

Weil: 2010 Litigation Wins Report
(DBN)

Founding Partner, Associate Exit NY Firm After Sanctions for Client's Lies
(DBN)

Magic circle split as Clifford Chance follows Freshfields on associate pay
(DBN)

Is Your Summer Clerkship Too Boring for a TV Show? Good!
(DBN)

Firms Still Cautious in Summer Hiring
(DBN)

Practical advice for summer associates from the chairman of Vinson & Elkins' talent management committee
(DBN)

Legal Consultant’s Summer Success Tips: Don’t Underdress, Overimbibe or Date Anyone at Work
(DBN)

Which Law Firms Are Most Diverse?
(DBN)

Size Matters: Are You Super?
(DBN)

Paralegal salaries on the rise
(DBN)

Women Accountants Are Miserable Too
(DBN)

Lawyer Bets Big on Wal-Mart Discrimination Ruling
(DBN)

Appeals Court: Associate Can’t Seek Punitives from Law Firm That Allegedly Misled Him re Partnership
(DBN)

Kansas U Law School Applications Plummet Almost 23 Percent
(DBN)

Debt by a Thousand Cuts
(DBN)

Duquesne chancellor donates $1.2 million to law school
(DBN)

Using Facebook to serve legal papers
(DBN)

Characteristics of "Traditional" Compared to "Proactive" Law Departments
(DBN)

The Most Feared Man at the SEC
(DBN)

HSBC, Credit Suisse, BofA, UBS, Facebook, Google in Court News
(DBN)

Barclays, Madoff, Credit Suisse, Goldman in Court News
(DBN)

The Nastiest Divorce Battle In History And The Hedge Fund It's Tearing Apart
(DBN)

Law Firm Employees Accused of Stealing $130K They Allegedly Persuaded Clients to Give Them in Cash
(DBN)

Attorney Charged With Popsicle Threat
(DBN)

Lawyer Alleges Fellow Lawyer's Emails to Clients Libeled Him
(DBN)

Judge Blasts Lawyer Over 'Greatest Hits' Defense
(DBN)

Dancing her way to law school
(DBN)

Embattled Weiner Turns to Baker & Hostetler Partner
(DBN)

Rep. Anthony Weiner: Word For Word
(DBN)

Very Public Displays of Affection
(DBN)

Dangerous Deer Crossing
(DBN)

______________

Judges:

Judge Fighting Ethics Charges Admits Handing Out Condom-Stuffed Acorns in Court
(DBN)

Judge Flames NY Lawyer Over Kitchen Sink Defense, Lawyer's Mind Blown
(DBN)

Can A Judge Get Worse Than This?
(DBN)

Openly Gay Judge to Lead California Judges Association
(DBN)

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Wall Street:

U.S. stock futures point to sixth straight drop
(DBN)

Bernanke Comments Sap Wall Street's Gains
(DBN)

The Fine Print of Goldman's Subprime Bet
(DBN - NY Times - Paywall Limit Possible)

The US IPO cartel
(DBN)

______________

Layoffs:

Companies pulled back on job postings in April
(DBN)

GOP: Shrink Federal Workforce by 10%
(DBN)

Chronic Unemployment Worse Than 1930s
(DBN)

Bernanke sees job, growth pickup in second half
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

California's Blue Shield To Cap Net Income and Pay Rebates on Excess Cash
(DBN)

Study Illuminates Link Between Cancer, Bankruptcy
(DBN)

Assisted living facilities file Chapter 11
(DBN)

White House: Buy health insurance or be poor
(DBN)

______________

Fraud:

Father Steals, Trades on, Skadden Daughter’s Inside Info
(DBN)

Kingate Funds to Be Sued for $975 Million by Madoff Liquidation Trustee
(DBN)

Holiday for Bernie bud
(DBN)

HSBC Agrees to Pay $62.5 Million to Settle U.S. Class-Action Madoff Suit
(DBN)

At insider trial, defense attacks witness' drug use
(DBN)

Ex-SAC Capital Manager Tells Jury He Traded on Tips 18 Times
(DBN)

The government's risky SAC wager
(DBN)

Winifred Jiau Gave Hedgies "Perfect Tips" But She Was "Difficult To Work With"
(DBN)

Who will bid on Rothstein f----- wear?
(DBN)

Sino-Forest: the case for the prosecution
(DBN)

Some Interesting, New Details In The Sino-Forest "Fraud" Story
(DBN)

Muddy Waters ‘Pre-Marketed’ Sino-Forest Report to Hedge Funds, Dundee Says
(DBN)

Insider Trading Defendant Dresses in Banana Republic Pantsuits, Contravening Expert Advice
(DBN)

Esping liable for up to $38 million
(DBN)

Wholesale Grocery Owner Gets 20 Years in $930 Million Ponzi
(DBN)

Ex-Credit Suisse Broker Gets 4 Years For $1B ARS Fraud
(DBN)

Doeren Mayhew, 2 directors reach settlement with investors in Edward May’s Ponzi scheme
(DBN)

Insider-Trading Dominoes Continue to Fall
(DBN)

______________

Celebs:

Mark Brunell closer to emerging from bankruptcy
(DBN)

Development group led by Rafael Palmeiro files for Chapter 11
(DBN)

Former basketball star's farm sold in foreclosure
(DBN)

The Peculiarly American Anna Nicole Smith
(DBN)

Court Gives Green Light to Stephen Baldwin Suit Against Kevin Costner Over Oil Spill Cleanup Machine
(DBN)

______________

Pensions:

PBGC fights to stop Harry and David pension plan termination
(DBN)

______________

Marinas:

Yacht club to be sold at foreclosure auction
(DBN)

______________

Telecoms:

Nortel Asks U.S., Canadian Judges for Rules on Dividing $4 Billion in Cash
(DBN)

______________

Banking:

Jamie Dimon asks Ben Bernanke tough question on capital requirements
(DBN)

FDIC: Arizona bank assets down 11 percent since 2009
(DBN)

Who stole the bankers?
(DBN)

Shrinking Valuations Drive Bank Payroll Cuts
(DBN)

______________

Corporate Reform:

How Wall St. Kills Financial Reform Rules
(DBN)

Chart of the day, Dodd-Frank delay edition
(DBN)

Blame Grover Norquist for Dismantling Financial Services Reform, Democracy
(DBN)

Issa Meets His Match on the Oversight Committee
(DBN)

Recess appointment of Warren would be wrong
(DBN)

Is It Possible to Make Consumer Credit More Transparent?
(DBN)

Alter, Cohan Debate Warren as Consumer Bureau Chief
(DBN)

Why Banks and Big Business Should Stop Fighting Elizabeth Warren
(DBN)

Too Big to Prosecute? Not in His Office, Says Preet Bharara
(DBN)

______________

Steel:

Bankruptcy judge sees little hope for W&K Steel reorganization
(DBN)

______________

Economy:

US Funding for Future Promises Short by Trillions
(DBN)

USA has record $61.6 trillion in unfunded obligations; $534,000 per household
(DBN)

America's own 'Lost Decade'
(DBN)

Feds notch 32nd straight monthly deficit
(DBN)

Stimulus Needed for 'Slow' Recovery: Bernanke
(DBN)

Bernanke: Sharp Spending Cuts Could Hurt the Economy
(DBN)

Bernanke glum on growth but gives no stimulus hints
(DBN)

IMF: US slowdown likely temporary
(DBN)

Bernanke says low rates still needed
(DBN)

Troubles in housing and construction deter full recovery: Bernanke
(DBN)

Fed's Fisher says he would oppose QE3
(DBN)

Dallas Fed Says Central Bank Has Done All It Can
(DBN)

Hoenig's Parting Shots Are Right On Target
(DBN)

Geithner finds his footing
(DBN)

Jamie Dimon's Bizarre Idea About Why The Recovery Has Stalled
(DBN)

Jamie Dimon Ambushing Ben Bernanke
(DBN)

Goolsbee to Leave Obama Economic Team
(DBN)

How the Economy Could Break Obama
(DBN)

Bernanke pushes back on oil prices
(DBN)

Gary Shilling: We're Probably Headed For A Recession Next Year
(DBN)

Tim Pawlenty's Plan to Destroy the World
(DBN)

Grading the Pawlenty tax plan
(DBN)

What hard truths from the GOP would sound like
(DBN)

Pawlenty Wants To Abolish the Army
(DBN - NY Times - Paywall Limit Possible)

Text of Pawlenty's Speech on His Economic Plan
(DBN)

GOP: No New Taxes vs. Balanced Budget
(DBN)

Economists remain wary on new jobs and labor report
(DBN)

Power and Productivity after the Great Recession
(DBN)

Preventing national bankruptcy is a moral act
(DBN)

U.S. debt default unimaginable, creditors
(DBN)

The US Default Idea Is Going Mainstream
(DBN)

Productivity and employment, 1947-2010
(DBN)

The Bush Tax Cuts After Ten Years - Impacts on People in Your State
(DBN)

China overtakes US as top energy consumer - Report
(DBN)

Buyers, Sellers of Food Stamps Use Facebook to Connect
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Foreclosures approach 25% of the housing market: Zillow
(DBN)

Fewer homeowners are underwater on mortgages
(DBN)

38% of Equity Borrowers Underwater
(DBN)

Negative Equity by State
(DBN)

Mortgage applications slipped last week
(DBN)

White House mulls new ways to help housing
(DBN)

Longer Debate Set for Controversial Mortgage Plan
(DBN)

Builders: Americans Still View Home Ownership Favorably
(DBN)

Arizona talks with Wells Fargo over principal reductions 'progressing'
(DBN)

Foreclosure settlement divides state attorneys general
(DBN)

Embarrassingly Lame Federal/”50″ State Attorneys General Mortgage Negotiations Continue
(DBN)

Thigpen to reject robo-signed docs
(DBN)

Hawaii Foreclosure Task Force Charged With Possible Ethics Violations
(DBN)

Lawyers get more time to finish foreclosures
(DBN)

Banks Vs. Servicers
(DBN)

Movoto says home listing prices are rising in major cities
(DBN)

Real estate developer Dennis Fullenkamp seeks bankruptcy protection
(DBN)

Freddie Mac restructures divisions, moves key management
(DBN)

Owners of Eastern Star Home site in Arlington file for bankruptcy
(DBN)

Keep Your Home California adds 12 mortgage servicers
(DBN)

FDIC Sues Mortgage Broker Amerifund for $1 Million on Behalf of Downey S&L
(DBN)

Hovnanian Posts Wider Loss
(DBN)

O.C. mega-mansion falls into bankruptcy
(DBN)

Saguaro Ranch Bankruptcy Update: Court Grants 10 Day Stay if Debtor Posts $5 Million Bond
(DBN)

Church at Forefront of Housing Rights Faces Foreclosure
(DBN)

Mastro bankruptcy report: Trustee has obtained $16M so far
(DBN)

Harvard study finds severe problems for US housing market
(DBN)

10 Things Your Neighbors Won't Tell You
(DBN)

_____________

Autos:

Fact-Checker on Obama Auto Bailout Claims
(DBN)

Let Mitt Romney go bankrupt
(DBN)

GM CEO calls for $1 gas tax hike
(DBN)

GM Has More Cash Than It Now Needs
(DBN)

GM CEO says economic outlook uncertain
(DBN)

G.M. Is Still Hopeful for Payback to Government
(DBN)

Treasury Said to Be Reluctant to Sell Part of GM Holding at Current Price
(DBN)

GM's US pension plans 90% funded
(DBN)

GM to build Cadillacs outside the US
(DBN)

How Ford avoided bankruptcy and targeted 50% production increase
(DBN)

Saab Auto Production Halted Again Because Of Parts Shortage
(DBN)

______________

Horticulture:

California Grower to Trim Operations in Chapter 11
(DBN)

______________

Non-Profits:

Bankruptcy Isn't a Solution to Nonprofit World's Woes
(DBN)

______________

Lehman:

Pimco's Lehman Losses
(DBN)

Bankrupt Lehman Brothers May Face Public Rebuke and Little Else
(DBN)

Barclays Seeks Dismissal of Lehman's $500 Million Claim Over Bonuses
(DBN)

______________

Mass Torts:

‘Slow Poison’ Chokes Workers Feeding $7 Slum Roof Demand
(DBN)

Deepwater Horizon Liability Fight Drags On
(DBN)

______________

Tax:

IRS: Billionaire Carl Berg Understated Business Income By $110 Million
(DBN)

Federal Agencies Put More Heat on Offshore Tax Havens
(DBN)

______________

Resorts:

Judge approves trustee for bankrupt Peek'n Peak
(DBN)

______________

Video Rentals:

Blockbuster says stock 'has no real value'
(DBN)

______________

Finance:

Private equity firms capture ‘cov-lite’ benefits
(DBN)

Covenant-Lite Loans Default Less Than All Issuers, Moody's Says
(DBN)

Advanta note-holders will get checks soon, court told
(DBN)

______________

Theater:

Florida Stage gave subscribers no inkling it was closing
(DBN)

______________

Orchestras:

Troubled American orchestras meet to ponder the future
(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)

______________

Miscellaneous:

Kirch Media Case, Lehman Unit Loses, JoWood Buyout: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Consumer Finance:

US consumer credit climbs in April for 7th month
(DBN)

______________

Credit/Debit Cards:

Debit card fight coming to US Senate floor
(DBN)

Durbin Delay Looks Dead
(DBN)

______________

Corporate Governance:

Little Risk in Being a Corporate Director or Officer
(DBN - NY Times - Paywall Limit Possible)

______________

Litigation:

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

______________

Retailing:

Is Bankruptcy Near For Talbots?
(DBN)

Lynn Tilton blasted for bankruptcy conflicts
(DBN)

Najafi Cos in discussions to buy Borders: report
(DBN)

Possible New Owner for Borders: Meet Jahm Najafi
(DBN)

______________

Hockey:

Stars trying to move ahead despite delays
(DBN)

______________

Hotels:

Innkeepers Creditors Delay Fight on $526 Million in Claims
(DBN)

______________

Municipalities:

California and Nevada top list of most stressed economically states
(DBN)

Jefferson County, Alabama Puts One-Third Of Workers On Unpaid Leave
(DBN)

Huntsville school officials hold first public meeting on school closings
(DBN)

Michigan City, Under State Receivership, Set to Bond
(DBN)

______________

Avoidance Actions:

Bet You’ve Never Heard This One Before, Your Honor . . . Why Pleading Constructive Fraud May Be Just as Hard – If Not Harder – Than Pleading Actual Fraud in the Bankruptcy Context
(DBN)

Fraudulent Transfers and Estate Planning: Recent Cases, Important Caveats
(DBN)

______________

Sales:

The Mechanics of a 363 Sale
(DBN)

______________

Food/Beverage:

A&P makes deal with supplier
(DBN)

______________

Gambling:

Soon Vegas Won't Even Be The Second Biggest Gambling Market In The World
(DBN)

______________

Distressed Investing:

Candlewood Investment Group Hires Miller as Counsel, Shaaban as Analyst
(DBN)

______________

IMF:

Inquiry threat may linger for IMF hopeful Lagarde
(DBN)

______________

UK:

US Warns Against UK's Light Bank Rules
(DBN)

Moody's Analyst Warns UK Could Lose AAA
(DBN)

Southern Cross: New rules to protect the many from the few
(DBN)

Care home owner Southern Cross to cut 3,000 jobs
(DBN)

MoJ could exclude insolvency in latest reforms
(DBN)

HMRC closes in on 500,000 offshore account holders
(DBN)

City of London hits back at US Treasury Secretary Geithner over 'light touch' remarks
(DBN)

Appointment of Administrators - 7 June 2011
(DBN)

Winding Up Petitions - 7 June 2011
(DBN)

______________

EU:

ECB at risk with €444bn exposure to eurozone crisis
(DBN)

Euro-zone GDP grew unrevised 0.8% in first quarter
(DBN)

ECB to signal rate increase despite Greek troubles
(DBN)

Merkel Called to Explain Greek Aid as ECB Clash Looms
(DBN)

Merkel to Sinn: “In my office. NOW.”
(DBN)

Germany fears 'full-blown bankruptcy inside the eurozone'
(DBN)

Eurozone economic recovery shows signs of slowdown
(DBN)

______________

Canada:

Blockbuster Canada threatened by Dish Network to end Trademark Agreement
(DBN)

Student debt has heavy price
(DBN)

Why Canadian investors are angry with America
(DBN)

______________

Germany:

German manufacturing output down 0.6% in April
(DBN)

German Corporate Insolvencies Decrease In Q1
(DBN)

Double Dip Fears Come To Germany
(DBN)

______________

PIIGS:

Germany's Schaeuble warns of Greek insolvency
(DBN)

German finance minister calls for Greek debt restructuring
(DBN)

Germany calls for Greek bond swap to gain time
(DBN)

The cure for Greece? Bankruptcy and the drachma
(DBN)

Greek industrial output falls again
(DBN)

Greek unemployment above 16 pct as austerity bites
(DBN)

An Unbelievable Look At Greek Unemployment
(DBN)

Argentine debt expert forecasts significant “hair cuts” for Greek bond holders
(DBN)

Bargain Hunting in Greece
(DBN)

How The Greek Crisis Could Hit The U.S.
(DBN)

IE: Property Prices Continue To Slide
(DBN)

Ireland Seeks to Entice Homebuyers
(DBN)

France Tells Ireland: Increase The Corporate Tax Rate, Or We Won't Cut Your Bailout Rate
(DBN)

______________

Japan:

Japan’s Bankruptcies Rise for First Time Since 2009 After Quake
(DBN)

Japan Plans 'Fundamental' Change in Nuclear Rules
(DBN)

TSE Head Recommends Court-Led Tepco Restructuring
(DBN)

TEPCO Death Spiral Accelerates
(DBN)

IMF foresees Japan economy will shrink 0.7 percent
(DBN)

______________

Iceland:

Former Iceland PM Charged in Bank Collapse
(DBN)

______________

Denmark:

Danish bank raises spectre of senior haircuts
(DBN)

______________

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Copyright 2011