March 11, 2011

The Daily Bankruptcy News

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Law:

R.I.P. Howrey: Firm to Dissolve Next Week
(DBN)

CEO Ruyak Partly Blames Contingency-Fees, Discovery Vendors, for Howrey’s Fall
(DBN)

Alternative fees kill major law firm. Or not
(DBN)

What Else Happened to Howrey? Here’s More From CEO Ruyak
(DBN)

Firm to Pull Plug on 20-Lawyer Office on April 1
(DBN)

Lawyers Break Away From Troubled Firm to Maintain Minority-Owned Status
(DBN)

Yoss Fort Lauderdale Office Latest "Restructuring" Victim.
(DBN)

The BigLaw Dead Pool
(DBN)

Save Yourself
(DBN)

Arnall Golden Gregory Sees Profits Per Partner Jump 24 Percent
(DBN)

Signs of a Rebound?
(DBN)

Bonus Watch: Clifford Chance Matches Cravath Spring Bonuses
(DBN)

Boutique Investment Bank Hires Retired Skadden Partner
(DBN)

Introducing Arlen Specter, Esq
(DBN)

Farleigh Wada Adds Bankruptcy Lawyer
(DBN)

 

Spotlighting the Men Who Want to Put Rajaratnam Away
(DBN)

How "Crude" Calculations Halted Chevron's Case in the Amazon
(DBN)

Keker allowed in Chevron's lawsuit over Ecuador issue
(DBN)

In-House: Classic, Bad Introductions
(DBN)

US senator moots external investment for American firms
(DBN)

Small Firms: Forget You, Biglaw (oo, oo, ooo)
(DBN)

Is a Google Docs Practical in a Law Practice?
(DBN)

New York Courts Tackle Insider Trading And Blockbuster Bankruptcy
(DBN)

Rajaratnam, Ensco, Lyondell, AstraZeneca, Ho in Court News
(DBN)

February Lawyer of the Month: We’re Starting To See A Pattern Here
(DBN)

Legal Software Maker Hit With $585,000 in Sanctions, Fees
(DBN)

Here in the United States, if the professor ends class early, we do not complain.
(DBN)

Panel Says Law Prof Shouldn't Be Fired Over Hypothetical Involving Dean’s Murder
(DBN)

Ex McGuireWoods Partner Pleads Guilty re Fake IRS Doc Purporting to Lift Levy on Her Draw
(DBN)

Man Gets Life for Kidnapping His Ex-Lawyer
(DBN)

NY In-Houser Fined for Taking Yankees Tickets From Law Firm Staffer
(DBN)

Were Lawyer’s Reasons for Seeking Recusal of 3 Judges in One Case Frivolous?
(DBN)

Firm under scrutiny over Libyan sanctions
(DBN)

This is How All Clients Should Dress When About to Be Sentenced for Probation Violations.
(DBN)

Idaho Rancher Revealed as Enrico Ponzo, Small-Time Gangster
(DBN)

Lawsuit of the Day: Charlie Sheen’s WINNING Case?
(DBN)

Charlie Sheen’s Lawsuit Isn't All Talk: It Seeks $100M and Cites ‘Alleged’ Disability
(DBN)

Could Charlie Sheen's $100 Million Lawsuit Actually Go To Trial?
(DBN)

Warner Bros. Unveils Legal Strategy in Charlie Sheen Fight; Incapacity, Blown Lines at Issue
(DBN)

Chuck Lorre Lawyer Responds to Charlie Sheen Lawsuit: 'Fantasy' and 'Recklessly False'
(DBN)

Police Raid Charlie Sheen's House For Weapons
(DBN)

______________

Judges:

Assessments of Justice Scalia, on the Eve of His 75th Birthday
(DBN)

Judge Uses Ruling to Preach the Gospel of Diversity to Plaintiffs Firms
(DBN)

Ethics Experts Split Over Judge's Sealed Record on Why He Won't Recuse
(DBN)

Real Judge Can't Serve As Celebrity Judge
(DBN)

Wal-Mart Workers’ Group Seeks Scalia’s Recusal From Court Case
(DBN)

The Digital Courtroom: Apparently Not a Pipe Dream
(DBN)

Ex-Judge Gets 26 Years as Mastermind in Racketeering Conspiracy Vote-Purchase Case
(DBN)

Is The Judge Checking You Out on Facebook?
(DBN)

A woman and a monkey walk into a courthouse . . .
(DBN)

______________

Wall Street:

US stock futures signal losses; eyes on Japan
(DBN)

Japan quake drags European shares to 3-month low
(DBN)

Indexes lose over 1 pct, S&P below key tech level
(DBN)

Saudi violence rocks marts; Dow sinks 228
(DBN)

______________

Layoffs:

Jobless Claims in US Increased More Than Estimated Last Week to 397000
(DBN)

AOL to Cut Up to 900 Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Gambling:

Las Vegas Strip January Casino Gambling Revenue Falls 2.5%
(DBN)

Las Vegas Gaming on Losing Streak
(DBN)

______________

Mass Torts:

Proposed Texas bill would close bankruptcy asbestos trust loophole
(DBN)

______________

Trucking:

Ex-Alts. Exec., Republican Comptroller Candidate Gets Trucking
(DBN)

______________

Video Rentals:

Blockbuster Video's Liquidation: Boon for Netflix?
(DBN)

Blockbuster Sale Terms Draw Objection From US Attorney
(DBN)

Blockbuster Said to Be in Talks With Studios to Support Auction
(DBN)

Last-ditch talks may decide Blockbuster's fate
(DBN)

Bankruptcy Judge Approves Sale of Blockbuster
(DBN)

Blockbuster, Creditors Reach Accord on Sale Proposal to Avoid Liquidation
(DBN)

Blockbuster to Auction Assets With Revised $290 Million Bid
(DBN)

______________

Hedge Funds:

Whiff of Scandal Surrounds New Stream Capital
(DBN)

New Stream Capital Investors Overwhelmingly Approve Plan of Reorganization
(DBN)

The 22 Richest Hedge Fund Managers
(DBN)

______________

Furniture:

Robb & Stucky liquidation begins Friday
(DBN)

______________

Autos:

GM chief financial officer resigns unexpectedly
(DBN)

General Motors CFO Chris Liddell Shown the Door
(DBN)

G.M.’s Departing C.F.O.: Key Architect of Its Stock Offering
(DBN)

CFO departure throws spanner in GM's gears
(DBN)

New CFO must steer GM away from bad habits
(DBN)

______________

Litigation:

Blavatnik Seeks to Dismiss Accusations in Lyondell Case
(DBN)

______________

Banking:

Dissecting Distress in the Banking Sector
(DBN)

Heritage Oaks Bank makes out while investors lose
(DBN)

______________

Food/Beverage:

The Food & Beverage Industry: Unending Turbulence Provides Ongoing Opportunities
(DBN)

______________

Ethanol:

Coburn Seeks to End Ethanol Tax Credit
(DBN)

______________

Politics:

Gingrich: Uncle Sam Made Me Cheat on Wife
(DBN)

Gingrich: Strange, Strange Justification
(DBN)

______________

M&A:

Why Merger Advisers Should Get a Flat Fee Rate
(DBN)

Wells Fargo CFO Explains The One And Only Way To Avoid A Horrible Deal
(DBN)

______________

Economy:

Jobless claims rise, trade gap widens
(DBN)

Unemployment Rate Falls in 24 States, Rises in 10
(DBN)

Continued unemployment claims fall, initial claims rise
(DBN)

Oil Drives February Factory Gate Inflation to 28-Month High
(DBN)

Why US Companies Are Still Very Nervous
(DBN)

IMF: Crisis Response Deepened Some Problems
(DBN)

Higher Oil Prices Hitting Global Economy
(DBN)

Don't Blame Libya for Gas Prices
(DBN)

Boehner Blames Obama for Gas Prices
(DBN)

President to Speak on Gasoline Prices Today
(DBN)

January US trade deficit jumps to $46.3 billion
(DBN)

China trade swings to largest deficit in 7 years
(DBN)

Reconciling U.S., China Trade Deficit Headlines
(DBN)

What Happened to the Economy? Inside Job
(DBN)

Household Net Worth Rises by $2.1 Trillion
(DBN)

What Fed Means That We're Worth More Now
(DBN)

Dimon, Pandit, Blankfein, Ackermann Join Kremlin Advisory Board
(DBN)

Americans Not Sure Economy is Recovering
(DBN)

Families Slice Debt to Lowest in 6 Years
(DBN)

Recovery's Pulse Slowing
(DBN)

Key to Prosperity: Fix Immigration Policies, Says Dallas Fed
(DBN)

The Economics of Bike Lanes - "Bicycle-riding, heirloom-tomato-eating hipsters?"
(DBN)

John Cassidy Watch, externalities edition
(DBN)

Why Food Prices Will Keep Climbing
(DBN)

Suze Orman on 'Money Class,' Death of the American Dream
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Fed Sides With Banks in Wrongful Foreclosure Report
(DBN)

Fed Report Finds No Wrongful Foreclosures By Banks, Consumer Advocates Slam Methodology
(DBN)

Government Mortgage Principal Reductions Dead-on-Arrival?
(DBN)

Banks Pushing Back on Foreclosure Pact
(DBN)

Mortgage modifications down 9% in January: Hope Now
(DBN)

Bank of America launches mortgage program to assist servicemembers
(DBN)

Mortgage modifications down 9% in January: Hope Now
(DBN)

House votes to end FHA Short Refi
(DBN)

Gov. Scott's 'mixed signals' are keeping $1 billion from struggling homeowners
(DBN)

Home Remodeling to Rebound in U.S. as Owner Confidence Improves
(DBN)

Bills ending foreclosure programs 'dead on arrival' in Senate
(DBN)

Interest rates on mortgages hold steady below 5%: Freddie Mac
(DBN)

Home prices down for sixth straight month
(DBN)

Devlin Group files bankruptcy
(DBN)

Developer Renzo Renzi files bankruptcy
(DBN)

Soffers lose Las Vegas property
(DBN)

Two mortgage trade groups suing Fed over loan originator compensation
(DBN)

Silver City mall debt is top concern in soured CMBS portfolio
(DBN)

Covered bond supporters head to Washington
(DBN)

_____________

Fraud:

Rajaratnam wiretap tapes played for jurors in NY court
(DBN)

Rajaratnam Laughs, Talks of Deals as First Tapes Played at Insider Trial
(DBN)

Nothing funny at Raj Rajaratnam insider trading trial as jury hears recorded conversations
(DBN)

Get Ready For Some Raj Wiretaps That Are 'Worse Than An NFL Locker Room'
(DBN)

Raj Rajaratnam To Anil Kumar: "I Have One Million In Soft Dollars That I Can Use To Pay You"
(DBN)

Raj Rajaratnam Just Wanted To See Anil Kumar Fairly Compensated For His ‘Knowledge’
(DBN)

Anil Kumar On The Witness Stand: Raj Made Me Use My Sick Child's Housekeeper To Hide The Money He Made Me Take
(DBN)

Tipster Says He Traded Info to Galleon for 6-Figure Salary
(DBN)

Hedge-Fund Billionaire Bores Jury to Stir Doubt
(DBN)

Raj pal squeals
(DBN)

Galleon Case Strains Old Grad School Friendship
(DBN)

Ex-McKinsey Director Tells Jurors of Inside Tips to Rajaratnam at Trial
(DBN)

Kim Rothstein reaches settlement, RRA software firm fined $400,000
(DBN)

The spoils of US Fidelis will be sold to highest bidder
(DBN)

Rita & Richard Gosselin Sentenced for Ponzi
(DBN)

Bank of America-Led Lender Group Bilked of $130 Million, U.S. Charges
(DBN)

The SEC Warns Hedge Funds: If You Beat The Market By 3%, We Are Looking Into You
(DBN)

______________

Credit Cards:

Chase Bank Considers $50 Limit for Debit Cards
(DBN)

Why debit fees should be low
(DBN)

Bank Threats Have Fed Wavering on Debit Fee
(DBN)

Banks Win Again: Congress Caves on Debit Card Fees
(DBN)

Card Debt Down 15% Nationally; Credit Scores Slip
(DBN)

______________

Municipalities:

Debt-Laden Harrisburg, Pa, Incinerator Attracts Purchase Offer
(DBN)

Recession Pushes Municipalities to the Brink Fundamental Changes Require Re-examination of Budget Model
(DBN)

Jeb Bush and Newt Gingrich: States need bankruptcy to deal with budget crises
(DBN)

The Burden of Pensions on States
(DBN)

Chaos Reigns in Wisconsin Over Union Bill
(DBN)

Wisconsin vote spurs death threat, protests, legal questions
(DBN)

Was what Scott Walker did legal?
(DBN)

Poll: Majorities support recall of two Wisconsin GOP senators
(DBN)

Unions Frame Bargaining as Civil Rights Issue
(DBN)

Six-figure working-class heroes
(DBN)

Wisconsin Republicans Claim Obama Advisers Behind Recall Campaign
(DBN)

Police remove protesters from Wisconsin Capitol
(DBN)

The Wisconsin union fight goes nuclear
(DBN)

Wisconsin Assembly Vote Is Delayed as Protests Jam Capitol
(DBN)

Wisconsin: a pivotal moment for American unions
(DBN)

Michigan emergency financial manager legislation 'kind of a backdoor approach to what's going on in Wisconsin'
(DBN)

______________

Corporate Reform:

Warren ripped again
(DBN)

SEC fights for its Wall Street watchdog role
(DBN)

SEC to hire for new municipal bond duties
(DBN)

SEC's Schapiro seeks funding and says targeted exams coming
(DBN)

Schapiro Says SEC Cuts Would Force Furloughs, Halt Improvements
(DBN)

What's Really Going on at the SEC?
(DBN)

Study recommends SEC reorganization
(DBN)

SEC Head Admits Misstep in a Madoff Ethics Issue
(DBN)

Collision Course: The SEC, Schapiro, Becker, Issa, Grassley, and Madoff
(DBN)

Top Ten Things You Should Know Before You Blow the Whistle
(DBN)

Consumer Agency to Post a Database of Unsafe Products
(DBN)

The Financial Crisis Is Over, but Where’s the Fix?
(DBN)

______________

Health Care:

St. Vincent's To Sell NY Real Estate For $260M To Developer Rudin
(DBN)

Bankrupt St. Vincent's Hospital to return, but stripped down
(DBN)

Meet St. Vincent's Replacement
(DBN)

St. Vincent's Deal Stirs Local Opposition
(DBN)

Ohio's Trinity Hospital to Acquire Twin City Hospital
(DBN)

Critical Transplants: Sales of Distressed Health Care Assets in Bankruptcy
(DBN)

Englewood, Ridgewood hospitals go to court to stop reopening of Pascack Valley Hospital
(DBN)

Hospital continues string of bankruptcy filing extensions
(DBN)

Sierra Kings Hospital seeks to sell to Adventist
(DBN)

GOP Ready to Take on Health Care
(DBN)

______________

Derivatives:

J.P. Morgan Clears the Air on Derivatives
(DBN)

______________

Aviation:

American Airlines again bumps up airfares
(DBN)

Airfares Are Going Up, and Not Just Because of Oil
(DBN)

______________

New Bankruptcy Opinions
(No 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)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Insurance:

"Other Insurance" Clause Relieves D&O Insurer Of Obligation To Share Defense Costs With CGL Insurer
(DBN)

______________

Miscellaneous:

Innkeepers, St. Vincent's, WaMu, Brunschwig: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Sale Free and Clear of Any Interest in Property… Until a Bridge Collapses
(DBN)

______________

Lehman:

Goldman Mulls Competing Lehman Bankruptcy Plan, Creditors Say
(DBN)

Group Of Banks Considers New Plan For Lehman Liquidation
(DBN)

Lehman Failed Lending to Itself in Alchemy Eluding Dodd-Frank
(DBN)

______________

Media:

Creditors begin sparring over when Tribune became insolvent
(DBN)

Freedom Communications seeks to sell some or all of its media properties
(DBN)

______________

Tax:

Jackson Hewitt: Talks with lenders may include pre-packaged bankruptcy
(DBN)

______________

Finance:

Moody's Report Flags Risk Of Covenant-Lite Loans
(DBN)

______________

Hotels:

Goldman Real Estate Fund Bets On Hotel Comeback
(DBN)

Station Casinos reaches agreement to buy Green Valley Ranch
(DBN)

Innkeepers Bankruptcy Judge Adjourns Bid-Procedure Hearing
(DBN)

Ashford Hospitality Trust's New JV Acquires 28-hotel Portfolio For $1.3 Bln
(DBN)

______________

Auto Racing:

Racetrack gets court OK to kick off season
(DBN)

______________

Student Debt:

Court adopts "purpose" test to determine whether loan is "educational"
(DBN)

______________

Retailing:

SI mall auction canceled after Chap. 11 filing
(DBN)

The battle over Internet sales tax
(DBN)

Retail Sales in U.S. Probably Rose Most in Four Months as Employment Grew
(DBN)

______________

UK:

Begbies Traynor issues second profit warning - Shares dive
(DBN)

Taxman blamed as Begbies cuts full year expectations
(DBN)

Guarantee governed by English law is not discharged by overseas debt restructuring
(DBN)

Appointment of Administrators - 10 March 2011
(DBN)

Winding Up Petitions - 10 March 2011
(DBN)

U.K. banks facing a death sentence
(DBN)

______________

EU:

Euro Weakens as Spain's Credit Downgrade Revives Debt Concerns in Region
(DBN)

Euro struggles persist after Spain downgrade
(DBN)

European Leaders Gather Amid Skepticism
(DBN)

Merkel's Great Gamble on the Euro Zone Crisis
(DBN)

Germany Sets Steep Price to Save Euro Zone
(DBN)

Merkel open to EFSF boost if all contribute
(DBN)

Angela Merkel Holds The Fate of Europe In Her Hands
(DBN)

German Inflation Up Again as ECB Seen Hiking Rates
(DBN)

_____________

Canada:

Sally Creek: a question of integrity or liability for trustees in bankruptcy
(DBN)

Gilt rubs right off some 'gold-plated' pensions
(DBN)

______________

PIIGS:

Study Finds 50% Of Greek Firms Will Need Debt Restructuring
(DBN)

Bond Market Anticipates Greece Defaulting
(DBN)

Irish Banks Seek to Delay 'Evil Day' as Home-Loan Losses Rise
(DBN)

Portugal Finmin Announces More Spending Cuts, Reforms
(DBN)

Barclays and Deutsche Units in Spain Have Capital Gaps
(DBN)

Spanish Banks Seek Investors to Plug $21 Billion Shortfall
(DBN)

______________

Japan:

8.9 Earthquake Rocks Japan
(DBN)

Tsunami Slams Japan
(DBN)

Video - More
(DBN)

5th Largest Quake Recorded Since 1900
(DBN)

Thousands Roam Tokyo Streets, Stations After Quake
(DBN)

Japanese Firms Assess Effects of Earthquake
(DBN)

Roubini Says Earthquake Is ‘Worst Thing’ at ‘Worst Time’ for Japan Economy
(DBN)

______________

MENA:

Libya Lobbies To Soften Sanctions
(DBN)

EU Freezes Assets
(DBN)

Finding Gaddafi's hidden fortune
(DBN)

Gaddafi Willing to Discuss Exit Plan
(DBN)

Gaddafi Troops move into Key Oil Port
(DBN)

US Chief Spy: Gaddafi Has Edge in Conflict
(DBN)

France is First to Officially Recognize Libyan Rebel Government
(DBN)

US Escalates Pressure on Libya
(DBN)

US, NATO Back off No Fly Zone in Libya
(DBN)

Arab League to Guide on Libyan Rebels
(DBN)

Gulf Arab States to Provide $20 Billion to Bahrain, Oman After Protests
(DBN)

250,000 have fled Libya: UN
(DBN)

Saudi Police Open Fire at Protest
(DBN)

Oil trims loss after Saudi violence reported
(DBN)

Planned day of protests key test for Saudi Arabia
(DBN)

Saudi King Counters Protests With $36 Billion as Tension Mounts
(DBN)

Egypt Looted, Curators Balk
(DBN)

Egypt Freezes assets
(DBN)

Saudis Far Exceeded Oil Quota in February
(DBN)

OPEC Raises Output, Ready to Act if Needed
(DBN)

World is Awash in Oil and Higher Prices
(DBN)

Exxon CEO: $4 Gas Would Hit Families in US
(DBN)

Oil at $100 Kills Brain Cells, Impairs Logic
(DBN)

______________

China:

China's Home Prices to Fall This Year
(DBN)

Inflation in China Stays Above Comfort Zone
(DBN)

______________

New Zealand:

David Henderson's debt repayment plan rejected
(DBN)

Henderson offers new deal to stop bankruptcy
(DBN)

______________

South Korea:

Ssangyong exits court protection
(DBN)

______________

Iceland:

Icelanders Put All Saints Up For Sale
(DBN)

______________

South Africa:

‘Unfriendly’ insolvency law berated
(DBN)

______________

 

 

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