June 9, 2011

The Daily Bankruptcy News

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Law:

What’s Going On At O’Melveny & Myers?
(DBN)

More Than One-Third of Lawyers Plan to Hire in Third Quarter
(DBN)

Perry Mason v. The Real World
(DBN)

After Firm Crashed and Burned, Lawsuits Target Those Who Crawled From the Wreckage
(DBN)

Blank Rome to Combine with Houston Firm Abrams Scott & Bickley
(DBN)

Freshfields wins role on Treasury's billion-pound Northern Rock sale
(DBN)

Ruden McClosky Adds Two Associates to its Bankruptcy Practice Group
(DBN)

Howrey LLP Involuntary Bankruptcy Converted to Chapter 11; Venue Transfer To Be Considered Later This Month
(DBN)

Howrey First Day Declaration - Cash Co Budget
(DBN)

Diversity Scorecard 2011: What's Behind Kelley Drye's Rapid Rise?
(DBN)

Pls Hndle Thx: Finally, A Degree More Useless Than a J.D.
(DBN)

Law Firm Not Liable for Purchasing Competitor’s Name as Keyword to Drive Traffic to Own Website
(DBN)

Practice makes perfect for bankruptcy lawyer/champion amateur pianist
(DBN)

Rude Enough to Succeed?
(DBN)

Popular Legal Directories, Ranked by Traffic
(DBN)

How Early Does the Duty to Preserve Arise in Litigation?
(DBN)

Is It “Legal” Project Management or Just Project Management?
(DBN)

Five People Who Should Never Tweet
(DBN)

The Top 25 Law Marketing Clichés to Avoid
(DBN)

"She was staying up from 11 pm to 2 am, lying in bed - mostly, playing Angry Birds"
(DBN)

Young Ex-Associate Sues Aussie BigLaw, Says She Was Fired After Involvement With Firm Solicitor
(DBN)

More About Reema Bajaj
(DBN)

96-year-old woman confesses to 1946 murder
(DBN)

Man with dead weasel accused of assault
(DBN)

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Judges:

Judge Warns Women in Skirts to Avoid New Courthouse’s Glass Staircase
(DBN)

Former County Clerk With Dementia Looks to Oust Successor
(DBN)

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Wall Street:

US stock futures rise ahead of trade, jobs data
(DBN)

World stock markets down ahead of ECB meeting
(DBN)

Markets throw back Bernanke life preserver
(DBN)

Investment Banker Explains How Partying In New York Has Changed Since The Crisis
(DBN)

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Layoffs:

High Unemployment: America's New Norm?
(DBN)

How fiscal ideology trumped job creation
(DBN)

Obama Says Community College Training Can Help Fill Jobs Gap
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Judge to Rule on Picard's $59 Billion Suit Against UniCredit
(DBN)

How the SEC saved us from hipster beer fraud
(DBN)

Brooklyn man faces up to 34 years for $24m Ponzi scheme
(DBN)

Former TV host charged in Florida real estate Ponzi scheme
(DBN)

US to seek sentence cut for Fla. Ponzi schemer Rothstein
(DBN)

Did Conrad Black lord over prisoners?
(DBN)

Sides argue over division of cash recovered from Cedar Funding ponzi
(DBN)

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Retailing:

Najafi Said to Be Considering Buying Borders Book Stores Out of Bankruptcy
(DBN)

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Soccer:

Zaragoza files for bankruptcy
(DBN)

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Banking:

WaMu still working on revised reorganization plan
(DBN)

WaMu to decide next week if shareholder deal possible
(DBN)

The Financial Sector Keeps Shrinking
(DBN)

Bank Of America Stock Hits New 52-Week Low
(DBN)

Jim Rogers Shorting One Big American Bank
(DBN)

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Hedge Funds:

Trustee seeks to sell GSC assets to lenders
(DBN)

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Furniture:

Carls to shrink in Ch. 11
(DBN)

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Corporate Reform:

Obama Considering Former Banker Raj Date to Head Consumer Bureau
(DBN)

AFL-CIO urges recess appointment for Warren
(DBN)

Obama the Timid Caves to Banks, Republicans
(DBN)

Obama Still Desperately Seeking Anybody But Warren to Head New Consumer Agency
(DBN)

Warren Brings Out the Base for Both Parties
(DBN)

CFTC to Miss Deadline for Derivatives Regs
(DBN)

Dimon Challenging Bernanke Channels Wall Street's Bid to Break Regulators
(DBN)

New banking rules have not hurt Jamie Dimon
(DBN)

Call Your Senators Over Sneak Attack On the Consumer Financial Protection Bureau
(DBN)

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Municipalities:

States push to convert interstate highways into toll roads
(DBN)

Chapter 9 of the Bankruptcy Code: The dark side of the moon
(DBN)

CME Plans To Exit Illinois Over Tax Hike
(DBN)

How's The Economy In Your State?
(DBN)

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Rail:

2,855 More Rail Cars Idled in US
(DBN)

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Consumer Finance:

Consumer Credit Expands, Not Credit Cards
(DBN)

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Telecoms:

CAW Proposes Consolidation of Nortel's Global Debts and Assets
(DBN)

Nortel Awaits Outcome of Warm-Up Bout in Cash Clash
(DBN)

Bankrupt TerreStar delays bid deadline to June 15
(DBN)

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Aerospace:

Problems ahead for aerospace industries
(DBN)

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Credit/Debit Cards:

Visa, Mastercard fall as debit card rule rolls on
(DBN)

Pro-bank swipe-fee measure fails in Senate
(DBN)

Citi says hackers access bank card data
(DBN)

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Mass Torts:

Feinberg Says He Hasn't Seen Illness Claims
(DBN)

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Orchestras:

Orchestra CEO is being paid $597,000
(DBN)

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Economy:

US debt to exceed size of economy this year
(DBN)

Lack of buyers may force Treasury to boost rates
(DBN)

Fitch: US Treasuries could be rated junk in August
(DBN)

U.S. debt talks to resume after new rating warning
(DBN)

White House Prepares For One Last Fiscal Stimulus
(DBN)

Hoening: Market Tantrum Over Tightening
(DBN)

Fannie, Freddie may never pay back the government
(DBN)

"Fanniegate" Is Really Bad News For Democrats
(DBN)

The Banking Emperor Has No Clothes
(DBN - NY Times - Paywall Limit Possible)

Fed on hold until Sept., Bullard says
(DBN)

Sizing up the Fed's few options
(DBN)

Why Bill Gross insists interest rates are going up
(DBN)

The Top 10 Companies To Blame For America's Gigantic Trade Deficit
(DBN)

Here's What Jamie Dimon Is Really Worried About
(DBN)

Oil Rises the Most in Three Weeks as OPEC Fails to Reach Accord
(DBN)

OPEC Acts Like Dallas Cowboys
(DBN)

Pawlenty’s Tax Plan Would Cost $7.8 Trillion Over Ten Years, Triple The Size Of Bush Tax Cuts
(DBN)

GOP: Slightly Optimistic on Debt Talks
(DBN)

20 Ways the Economy is Worse Under Obama
(DBN)

In 2007, the top 1% owned 50% of all investment assets; the bottom 90% owned 73% of all debt
(DBN)

One Economist's Even Bleaker View
(DBN)

US Recovery: RIP
(DBN)

Will Geithner prioritize debt repayment?
(DBN)

Fed's Plosser not worried about growth downshift
(DBN)

Payroll Tax Break Said to Be Discussed by Obama Aides Amid Slowing Economy
(DBN)

Stats Of The Union-App Released For IPad
(DBN)

What Your Taxes Do (and Don’t) Buy for You
(DBN - NY Times - Paywall Limit Possible)

Fixing America's Economy: Nine Ideas from Around the World
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Fixed-rate mortgages fall to 6-month lows
(DBN)

New Rules Could Shut Out New Homeowners
(DBN)

Homeowners Who Will Consider Strategic Default Doubles In One Year
(DBN)

FHLB of San Francisco gives out $28 million in affordable housing funds
(DBN)

Foreclosures fall steeply in NYC
(DBN)

NYC foreclosures Spike in May; Co-op Foreclosures at Two Year High
(DBN)

Michigan county approves funding to help homeowners fight MERS, DocX cases
(DBN)

Mortgage foreclosure as a voidable preference
(DBN)

Bank Of America Threatens To Foreclose On Homeowner If He Doesn't Pay $0.00 ASAP
(DBN)

The 13 States Where Homeowners Are Drowning Under Mortgage Debt
(DBN)

Facing Arrest, Man Cleans Up Home He Says Isn't His.
(DBN)

Real Estate Attorney Gets 5 Years in $23M Mortgage Fraud Case
(DBN)

GSE Loan Modifications Dropping, But More Payment Reductions Succeed
(DBN)

Federal proposal would toughen debt restrictions on mortgages
(DBN)

Why We Need to Re-Think Real Estate
(DBN)

NeighborWorks provides $68 million to fund foreclosure counseling
(DBN)

Group That Owns $37 Million Newport Coast Mansion Files For Bankruptcy
(DBN)

CMBS certificate holders lack standing in Chapter 11
(DBN)

Confidential Witness Statements Lead to Dismissal Motion Denial in Regions Financial Subprime Securities Lawsuit
(DBN)

1055 Park Avenue Apartments Close, Revealing Major Discounts
(DBN)

Mastro's creditors may get a penny on the dollar this year
(DBN)

What's next for those big, empty retail spaces?
(DBN)

GA Keen Realty Advisors Finds Retailers for 41 Former Metropark Property Leases
(DBN)

Delinquency rate on CMBS loans reaches 12-year high
(DBN)

Commercial property debt woes slowly getting resolved
(DBN)

Commercial/Multifamily Delinquency Rates Mixed, MBA Reports
(DBN)

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Health Care:

Bankruptcy Risk Nearly Doubles in Year After Cancer Diagnosis
(DBN)

Judges sharply challenge Obama healthcare law
(DBN)

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Religion:

Big bucks, even in bankruptcy
(DBN)

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Magazines:

944 Magazine Folds
(DBN)

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Hockey:

Sale of team is a process where we will eventually know everything
(DBN)

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Autos:

Ford ramps up Russia production, sees market doubling
(DBN)

Obama's Dodgy Remarks on Auto Industry Bailout
(DBN)

Bankruptcy would have served GM, Chrysler
(DBN)

China Starts Cash for Clunkers Program
(DBN)

GM creditors sue U.S.over $1.5 billion dispute
(DBN)

Romney Could Face Mich. Trouble Over Auto Bailout
(DBN)

GM's Bob Lutz tells all
(DBN)

Opel CEO: reports of possible sale are speculation
(DBN)

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Video Rentals:

NCR Adds Blockbuster Kiosks Despite Legal Dispute
(DBN)

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Lehman:

Court may shed light on Lehman winners and losers
(DBN)

Lehman investors paid a little, and a lot
(DBN)

Barclays says it doesn't owe ex- Lehman workers bonuses
(DBN)

______________

Corporate Governance:

Strine nominated to lead Delaware's Chancery Court
(DBN)

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Tubing:

Tubo de Pasteje Files Recovery Plan Giving Noteholders New Debt for Claims
(DBN)

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Celebs:

Kristie Alley faces foreclosure on home
(DBN)

______________

Gambling:

Station Casinos Says It Won Last Court Approval Needed to End Bankruptcy
(DBN)

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Oil/Gas:

Judges OKs settlement in SemGroup lawsuit
(DBN)

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Hotels:

Lender takes back troubled hotel
(DBN)

______________

Food/Beverage:

Union Cries 'Foul' Over Superfresh Sale
(DBN)

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New Bankruptcy Opinions
(1 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:

A Guide To The Bankruptcy Law of The United States
(DBN)

Section 1503. International Obligations of the United States
(DBN)

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Derivatives:

Deceptive by Design: Derivatives as Secret Liens
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

In re Lett: preserving APR plan confirmation objections on appeal
(DBN)

A Lesson In Vocabulary: “Indubitable Equivalence”
(DBN)

______________

Bankruptcy Rules:

Supreme Court OKs BK Document Changes
(DBN)

______________

Automatic Stay:

Junior lien holder bankruptcy can stay the foreclosure of a senior lien
(DBN)

______________

Insurance:

Monoline muddle: Where should Ambac's JPMorgan case be tried?
(DBN)

Two circuit courts hold insurers have standing in Chapter 11 cases of their insureds
(DBN)

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Finance:

What Bank Of America Learned From It's Loan To Frank McCourt
(DBN)

Bank Said No? Hedge Funds Fill a Void in Lending
(DBN)

______________

Pensions:

PBGC to take over Schwab Industries pension plan
(DBN)

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Student Debt:

Failure to pay back student loans can now lead to SWAT arrests by Dept. of Education
(DBN)

Department Of Education: Raid Of California Man's Home Was Not Related To Defaulted Student Loans
(DBN)

______________

Sovereigns:

Getting Out of Debtor's Prison
(DBN)

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UK:

Bank of England keeps rates on hold at 0.5%
(DBN)

Begbies Traynor bemoans lack of corporate failures
(DBN)

Change on the way for insolvency practitioners
(DBN)

Chart of the Day: UK Take Home Pay
(DBN)

Dramatic duchess trying to change
(DBN)

'Total upfront cost' of bankruptcy 'rises to £700'
(DBN)

Soaring Gas, Food Bills Slam Households
(DBN)

RBS's Hester Says Bank Firebreaks Will Increase Systemic Risk
(DBN)

One in eight Britons struggle to pay bills on time
(DBN)

Construction law v insolvency law - a clash of cultures?
(DBN)

Championship football club has £2.7m debt wiped out
(DBN)

Senior Bankers Face UK's Treasury Select Committee
(DBN)

Winding Up Petitions - 8 June 2011
(DBN)

Appointment of Administrators - 8 June 2011
(DBN)

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EU:

ECB holds interest rates steady
(DBN)

Time for those European Central Bank secret decoder rings
(DBN)

Montenegro Steel-Mill Creditors Seek Rights Protection From EU
(DBN)

Europe Wrestles With Greece Solutions
(DBN)

______________

Canada:

Students crushed by high interest rates
(DBN)

RCMP probe alleged Ponzi
(DBN)

______________

Germany:

How Germany Dealt with Recession and Jobs
(DBN)

______________

Japan:

Tepco's Accidental Bankruptcy?
(DBN)

IMF: Japan's Economy Will Shrink This Year
(DBN)

Power Cuts Spread to West Japan as Nuclear Restarts Delayed
(DBN)

______________

PIIGS:

Eurozone starts talks on breakdown of cash aid for Greece
(DBN)

Troika Report Leaked: Bleak Prognosis For Greece
(DBN)

ECB nominee Draghi warns of Greek restructuring danger
(DBN)

EU's Rehn: Must avoid triggering Greek "credit event"
(DBN)

Greece debt deal must not trigger credit event-Fekter
(DBN)

Greece Funding Must Be Resolved for Rescue Payout, EU-IMF Says
(DBN)

Too Radical a Debt Plan From Greece
(DBN)

Greek banks under siege
(DBN)

Cost to insure Greek debt soars on Schauble letter
(DBN)

Europe eyes private sector role in Greek debt deal
(DBN)

Puncturing Greece's Dream for Sharing Its Pain
(DBN)

The vanishing sovereignty of Greece
(DBN)

New strikes in Greece as creditor
(DBN)

Greek joblessness at record as new austerity looms
(DBN)

Greece warns dissenters against rejecting austerity
(DBN)

Greece can make it if follows agreed plan-euro zone finmins
(DBN)

Obama: Greek Default Would be Disastrous
(DBN)

Obama Pledges Monetary Aid To Greece
(DBN)

U.S. Hedge Funds to Fight Bank of Ireland Restructuring
(DBN)

B Of I Warns State Stake May Rise To 87% If Investors Hold Off
(DBN)

______________

Australia:

AMI 'lied to patients' about insolvency
(DBN)

Watchdog aims to shut down AMI
(DBN)

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MENA:

EU freezes assets
(DBN)

U.S. probes Libya ties with Goldman, others
(DBN)

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Russia:

Russian Banks - Tread carefully
(DBN)

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China:

The Great Property Bubble of China May Be Popping
(DBN)

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Korea:

Deutsche Bank Says Korea Court Orders Freeze on Some Assets
(DBN)

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Copyright 2011