March 15, 2011

The Daily Bankruptcy News

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Law:

Bankruptcy bonanza in prospect as regulator homes in on "extend and pretend" debt policies
(DBN)

Top NY Firms with Banking Ties See Bigger Partner Profits, Outperform Their BigLaw Counterparts
(DBN)

Is Law Firm Hiring Making a Rebound?
(DBN)

Attorney Consulted HB Gary About Spiking Defamatory Content “By Any Means Necessary”
(DBN)

M&A Lawyer to Treasury's Turnaround Chief: Jim Millstein
(DBN)

Lawyers Jockey For Lead In Lubrizol Lawsuit Sweepstakes
(DBN)

5 Howrey Partners Depart for Dewey & LeBoeuf, Seyfarth Shaw
(DBN)

Howrey's Houston Head Speaks as More Partners Find New Homes
(DBN)

After Howrey's Collapse, Office Leader Talks About Leap to New Firm
(DBN)

On Eve of Dissolution, Howrey Staffers Face Uncertainty
(DBN)

Howrey issues notice letters to over 700 staff ahead of firm's wind-down
(DBN)

There ... Were ... SIGNS!
(DBN)

Crowe & Dunlevy to Merge
(DBN)

More About Latham’s Boston Office
(DBN)

Troubled Firm Gives Up, Shutting Down at Month's End
(DBN)

Another Law Firm Dissolves. Do Bad Things Really Come in Threes?
(DBN)

Yoss Restructuring Complete!
(DBN)

‘The eBay of Lawyering’ Is The Natural Devolution of The Profession
(DBN)

As Law Student Readies Reverse Auction Site, Law Bloggers React to ‘eBay’ of Lawyering
(DBN)

Bankruptcy lawyer leads AG biz-reform project
(DBN)

Bankruptcy Lawyer Picked As One of Top 100 Women in Maryland, 2011
(DBN)

Channeling Law: GE and the Nuclear Plant
(DBN)

N.F.L. Shutdown Pushes Fight Into the Courtroom
(DBN)

NFL and Union Hire High-Profile Lawyers
(DBN)

9/11 Plaintiffs Firm Is Ordered to Work With Conflicts Counsel
(DBN)

Playing Hooky
(DBN)

Take This Job And...
(DBN)

Advice for Would-Be Summer Associates
(DBN)

Should I Aim for In-House or Another Law Firm?
(DBN)

When Generations Collide: Recruitment, Retention and Advancement at Law Firms
(DBN)

Small Firms: 7 Reasons to Avoid Social Media
(DBN)

Former Client Blames Firm for $30,000 Advance That's Now $800,000 Obligation
(DBN)

New Scams Hit Texas Law Firms; One Involves Phony House Purchase, Another Tarnished Reputations
(DBN)

In-House: Corporate Discussion Boards And Blogs
(DBN)

Lawyers Oppose Gov’s Budget Proposal to Replace Contract Lawyers with Full-Time PDs
(DBN)

Law License Plates
(DBN)

A ‘Small Bounce’ in Job Stats Chronicles a Better Year for Law Students
(DBN)

The 2012 U.S. News Law School Rankings Are Out!
(DBN)

The U.S. News Top 10 Law Schools
(DBN)

Robbins Geller’s Suit Is Tossed After Its Insider Source Disavows Claims
(DBN)

Lawyer Gunned Down After Filing Client’s Divorce
(DBN)

"Fancy law firm" robbed
(DBN)

'Social Media Guru' Becomes a Real Job at BigLaw
(DBN)

Bomb Squad Called In
(DBN)

Naked Cowboy's Secret Deal With Naked Cowgirl Unwinds
(DBN)

______________

Judges:

Judges Relax by Trying the Fictitious, Dead
(DBN)

Judge Posner Dissents on Mock Trials
(DBN)

Senior Judges Keeping 9th Circuit Open
(DBN)

U.S. District Court Judge David S. Doty: The Man Who Holds Football By The B---s
(DBN)

'Absurd!' Judge Hammers Record Companies' Request for $75 Trillion
(DBN)

Next union battleground in Wisconsin: Supreme Court election
(DBN)

______________

Wall Street:

US stock futures drop as Japan crisis worsens
(DBN)

Panic Selling in Japan Weighs on Global Markets
(DBN)

Japan nuclear crisis sparks selling from equities to commodities
(DBN)

Japan's Bonds Fall on Cost of Quake Recovery; Futures Rise as Stocks Slide
(DBN)

Nikkei Flash Crash - Futures Plummet 16%
(DBN)

European stock markets slide on Japan panic
(DBN)

Wall Street Shares End Lower
(DBN)

Stocks Hit Six-Week Low
(DBN)

Japanese Shares Tumble in New York Trading
(DBN)

Asian markets: the shock wave strikes
(DBN)

European shares hit 3-month low on Japan disaster
(DBN)

Uranium Stocks Get Hit
(DBN)

Nuclear Power Stocks Under the Microscope
(DBN)

Wall Street Donations Roll Into Japan Earthquake Relief
(DBN)

Wall Street's meltdown gets personal
(DBN)

______________

Layoffs:

Jobless Rate at 2012 Presidential Vote Forecast at 7.7%
(DBN)

Debtors Need Not Apply…At Least In Some Circuits
(DBN)

Unpaid internships gain popularity among the jobless
(DBN)

Cities Where The Jobs Recovery Has Failed
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Michigan bill would impose 'financial martial law'
(DBN)

Gov. Snyder wants emergency financial manager for schools and local governments rare but effective
(DBN)

Judge Clears Way for Panel to Control Nassau Finances
(DBN)

Wisconsin Showdown Sparks Copycat Protests In Unlikely State Capitals
(DBN)

Are Public Workers Overpaid?
(DBN)

Denver among fastest to recover from recession
(DBN)

Phoenix Drops to 6th Largest City
(DBN)

States: No Crisis in Federal Shutdown-Yet
(DBN)

______________

Turnarounds:

Millstein on the Super Bowl of Corporate Turnarounds: AIG
(DBN)

______________

Banking:

The First Bank of America Document Leak: Force-Placed Insurance Scams?
(DBN)

Leaked emails believed to be first phase
(DBN)

Hackers claim Bank of America hid foreclosure data
(DBN)

BofA Emails May Be Less Than Meets The Eye
(DBN)

Bank of America "leaks" are a total letdown
(DBN)

Bank of America refutes whistle-blower allegations
(DBN)

Bailed-out Ohio banks didn't throw tarp over CEO pay
(DBN)

______________

Media:

Tribune Co-President Testifies That Bankruptcy `Hampered, Hobbled' Company
(DBN)

LAT publisher on how bankruptcy has hurt Tribune
(DBN)

LA Times Publisher On the Stand in Tribune Company Bankruptcy Case
(DBN)

Tribune Executive Says Noteholder Plan Will 'Scare' Partners
(DBN)

______________

Celebs:

Michael Madsen: Wanted!
(DBN)

Really? Celebs feel housing bubble
(DBN)

Trump's Celebrity Alone Can Rescue U.S. Economy
(DBN)

______________

Autos:

Auto Plants in Japan Remain Closed
(DBN)

Japan's Disaster Is Bad News For U.S. Carmakers, Too
(DBN)

Idling Japanese auto plants could affect North America production
(DBN)

Aftershocks shake Japan's auto industry
(DBN)

Toyota Production Loss May Top 40,000 Vehicles Amid Japan Power Shortages
(DBN)

______________

Video Rentals:

Blockbuster: Now a Punch Line on 'The Simpsons'
(DBN)

______________

Avoidance Actions:

Bank seeks to overturn trustee’s avoidance of real estate interest
(DBN)

______________

Retailing:

Barnes & Noble Shares Plunged: What You Need to Know
(DBN)

Lapse of luxury
(DBN)

______________

M&A:

Buffett Still Gets Lubrizol at Lehman-Bust Price After 183% Gain
(DBN)

______________

Economy:

Consumers See Bad News
(DBN)

Fed to hold steady despite oil price and ravaged Japan
(DBN)

Treasuries Gain in 'Flight From Disaster' as Kan Warns of Radiation Risk
(DBN)

How Will the Japan Earthquake Affect the US Economy?
(DBN)

Japan’s Lesson to U.S.: Get Your Fiscal House in Order
(DBN)

Japan Disaster Casts Dark Cloud Over Global Economy
(DBN)

Earthquake Won’t Disrupt Worldwide Economic Expansion
(DBN)

Crude Oil Drops as Loss of Demand in Japan Outweighs Middle East Tension
(DBN)

Japan's Gasoline Needs May Raise US Prices
(DBN)

Higher Prices Hit Consumers, Businesses
(DBN)

Will global economy be hit by Japan?
(DBN)

Japan catastrophe could make U.S. debt costlier
(DBN)

For Millionaires 'Wealthy' Is $7.5 Million
(DBN)

Where Americans Are Moving
(DBN)

Greenspan Continues his Denial
(DBN)

What If We Aren't Broke?
(DBN)

Why Money Does Equal Happiness
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing Rebound? Maybe Next Year
(DBN)

More Mortgage Mischief - Elizabeth Warren revs up her Consumer Financial Protection Bureau
(DBN)

Virginia A.G. Cuccinelli: Modifying Mortgages is "Welfare"
(DBN)

GOP Set to Begin Chipping Away at Fannie, Freddie
(DBN)

DOJ investigating Saxon for military mortgage compliance
(DBN)

National AG foreclosure settlement may not be so national
(DBN)

Proposed AG settlement may price out smaller mortgage servicers
(DBN)

New York Supreme Court upholds MERS ability to foreclose
(DBN)

Court invalidates foreclosures based on ineffective mortgage assignments
(DBN)

State Bar Charges Lawyer Who Urged Clients To Break Into Their Houses
(DBN)

HUD Fights Back Over Efforts To Kill HAMP, Foreclosure Prevention Programs
(DBN)

Nevada's Boom Ends in Record Number of Empty Homes
(DBN)

Foreclosure rates slow in California
(DBN)

New generation of property flippers emerges
(DBN)

Moody's downgrades billions in RMBS over four-day period
(DBN)

Trooien settles with GE Capital over $18 million debt
(DBN)

So. Valley developer says foreclosure imminent
(DBN)

Rudin condo plan moves forward
(DBN)

Credit Suisse Subprime Securities Suit Settled for $70 Million
(DBN)

Some government backing beneficial to multifamily REITs: Moody's
(DBN)

The 10 Most Expensive Streets In The World
(DBN)

FHA Short Refi program applications rise as major lenders come aboard
(DBN)

New Arizona mortgage-aid plan: Investors lend to owners
(DBN)

American Homeowner Preservation Buying Pools of Defaulted Mortgages & REO's
(DBN)

Borders to ask court for more time on leases
(DBN)

_____________

Fraud:

Galleon Trial: The 'I Was Just Doing My Job' Defense
(DBN)

'I'm a Warrior,' Rajaratnam Says in Tapped Call: 'They Can't Kill Me'
(DBN)

Rajaratnam Told Colleague to Create ‘An E-Mail Trail,’ Tape Says
(DBN)

Raj Rajaratnam Wanted To Make Sure (Alleged) Insider Trading Was Done Very Discreetly
(DBN)

Ex- Galleon Employee Now With Jabre Surprised By Inclusion On Witness List
(DBN)

Third McKinsey Official Will Be Named in Trial, Lawyer Says
(DBN)

McKinsey partners to address case impact
(DBN)

Government Witness in Galleon Trial Tells of Pre-2008 Tips
(DBN)

The SEC Saw Gupta as a Clear and Present Danger to Shareholders
(DBN)

Chiesi Had 'Intimate Relationship' With Ruiz, Kumar Says
(DBN)

Ex-McKinsey Director `Terrified' When Rajaratnam Sent Documents From Intel
(DBN)

Galleon Witness Testifies of 'Super Confidential' Deal Tips
(DBN)

Listening In on Raj Rajaratnam
(DBN)

Raj Rajaratnam Made Sure To Show Anil Kumar He Appreciated His Tips
(DBN)

Anil Kumar Talks About Raj In The Witness Stand: "We're All Cheering You Right Now... You're A Star, You're A Hero"
(DBN)

In Raj Trial, Asking ‘Why?’ Doesn't Lead to Easy Answers
(DBN)

Madoff trustee targets Wilpon charity
(DBN)

Madoff Trustee Amends Confidentiality Proposal After Protest
(DBN)

Accused Ponzi schemer Allen Stanford denied bail
(DBN)

Former Taylor Bean President Pleads Guilty to Fraud Charge
(DBN)

Lessons In The Wake Of "India's Enron"
(DBN)

Farkas Seeks Delay of Criminal Trial
(DBN)

Nadel victims get $1M more
(DBN)

Scathing report faults CalPERS, former chief executive on Villalobos payments
(DBN)

The Bank of America Mortgage Fraud Allegations (So Far)
(DBN)

______________

Utilities:

Obama's Nuclear-Power Plans Set Back by Japanese Quake Aftermath
(DBN)

US Senator: Put Brakes on New Nuclear Power
(DBN)

______________

Corporate Reform:

Who's Afraid of Elizabeth Warren?
(DBN)

Banking's Scourge on Charm Offensive
(DBN)

House Subcommittee to Conduct Oversight Hearing on CFPB
(DBN)

Republicans Assail C.F.T.C. on Costs of New Rules
(DBN)

Fannie, Freddie Probe Focuses on Disclosure
(DBN)

Disgraced Bank Execs Sail Off Into the Sunset
(DBN)

The SEC P--- Employees Were Making Over $200,000/Year
(DBN)

______________

Satellites:

DBSD Seeking Extension Of Bankruptcy Loan While Sale Plays Out
(DBN)

______________

Bankruptcy Crimes:

NY Jeweler Faces Bankruptcy Fraud Charges
(DBN)

______________

Lehman:

BNY Mellon Pays Off Debt to Lehman's Brokerage Unit
(DBN)

Deutsche Bank Sells $100 Million of $325 Million Lehman Claim
(DBN)

______________

Debt Collection:

Lawsuits Against Agencies, Creditors Drop
(DBN)

______________

Hotels:

Court approves bid for Innkeepers valued at $1.14 bln
(DBN)

Big hotel value increase is a delusion
(DBN)

______________

Compensation:

Corning CEO Got $9.35 Million in 2010
(DBN)

UPS CEO Gets 2010 Total Compensation of $9.5M
(DBN)

BNY Mellon CEO Compensation up 73 Percent in 2010
(DBN)

Immelt Takes $4 Million Bonus, First Since Financial Crisis
(DBN)

Harley-Davidson CEO paid $6.4 million in 2010
(DBN)

Northern Trust CEO Waddell got $12.8M, an 8% raise
(DBN)

Lockheed CEO Got $19.1M Compensation in 2010
(DBN)

Ghosn Returns Bonus
(DBN)

______________

Electronics:

Japanese Earthquake Crisis Hits Electronics Suppliers
(DBN)

______________

Symphonies:

A Second Chance for the Honolulu Symphony?
(DBN)

______________

Food/Beverage:

Steakhouse Angelo & Maxie's Files for Chapter 11
(DBN)

Prominent restaurateur files for Ch. 11
(DBN)

______________

Auto Racing:

New Jersey Motorsports Park announces ownership, financial changes
(DBN)

______________

Credit Cards:

New credit card fee is a windfall for Bank of America, unfair for customers
(DBN)

______________

Accounting:

How Bad Are the Odds of Making Partner at a Big 4 Firm?
(DBN)

______________

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)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Insurance:

Reinsurance Profits Will Take Quake Hit: Moody's
(DBN)

Insurer , reinsurer ratings may be affected by Japan losses: Moody's
(DBN)

Global insurers' exposure to Japan disaster appears limited: Bank
(DBN)

Japan Quake To Cost Insurers Almost Like Katrina
(DBN)

Insurer Lancashire Says Too Soon to Assess Japan Hit
(DBN)

Two Florida Insurers Face Insolvency Actions
(DBN)

______________

Miscellaneous:

NJ Motorsports, Merrill-Lehman, Foreign Vodka
(DBN)

______________

Bankruptcy Statistics:

WNY's bankruptcy filings level off for month, following a sharp drop
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Derivatives:

Derivatives, as Accused by Buffett
(DBN)

______________

Religion:

Archdiocese seeks OK to pay settlements to abuse victims
(DBN)

______________

Baseball:

MLB Putting Limits on Sale of Team Debt
(DBN)

MLB Looks to Protect Mets From 'Vultures'
(DBN)

______________

Health Care:

Adventist Health could add another Valley hospital
(DBN)

Forum creditors in court
(DBN)

______________

Distressed Investing:

Viking Partners Raising $50M Distressed CRE Fund
(DBN)

______________

UK:

Southern Cross Warns Of Potential Debt Default
(DBN)

Appointment of Administrators - 14 March 2011
(DBN)

Winding Up Petitions - 14 March 2011
(DBN)

Austerity Chic in the U.K.
(DBN)

JJB Sports Seeks Funds for Turnaround Plan
(DBN)

FSA Must Produce Report on Icelandic Banks
(DBN)

Spotting the indicators of insolvency
(DBN)

R3: change insolvency law to reduce pre-packs
(DBN)

______________

EU:

ECB's Weber-Govt debt restructuring OK in extreme cases
(DBN)

EU Debt-Relief Pact Puts Pressure on Nations to Cut Deficits: Euro Credit
(DBN)

E.U.'s Latest Rescue Package Seen Falling Short-Again
(DBN)

The World's Banks Face $2.5 Trillion In Exposures To Europe's Fringe
(DBN)

EU Puts Periphery Countries on the Rack
(DBN)

Eurozone Deal May Look Impressive But It's Hiding One Big Let Down
(DBN)

Euro Zone Debt Agreement a Ponzi Scheme
(DBN)

______________

Canada:

How to handle limitation periods in bankruptcy
(DBN)

Ipico Creditors Approve Reorganization Plan
(DBN)

Former teen property king rebuilds
(DBN)

Canadians in Deep Trouble in Personal Debt
(DBN)

______________

Japan:

Japan's economy stumbling in wake of disaster
(DBN)

Tokyo Shares Plunge 11%, Worst Loss Since 2008
(DBN)

Confirmed Dead Tops 6,000
(DBN)

Don’t donate money to Japan
(DBN)

Japan earthquake reconstruction to cost at least US$180B
(DBN)

Japan earthquake: £100bn bill for costliest disaster in world history
(DBN)

Baseline Japan Disaster Cost Estimates: 3-5% Of GDP; Could Be As High As $1 Trillion
(DBN)

Nuclear crisis deepens as third reactor loses cooling capacity
(DBN)

Crisis Deepens as Fuel Rods Are Fully Exposed
(DBN)

Emergency Cooling Effort at Reactor Is Failing, Deepening Japanese Crisis
(DBN)

Japan Nuclear Crisis Deepens
(DBN)

Japan faces nuclear meltdown
(DBN)

"There's no way out of here for the local people"
(DBN)

Glenn Beck Explains Japan's Nuclear Meltdown Using M&M's
(DBN)

Officials Report Progress at Plant
(DBN)

The Companies Exposed To Each Failing Reactor In Japan
(DBN)

More than 500,000 evacuated
(DBN)

Millions of Quake Victims Face Freezing Temperatures as Snow Is Forecast
(DBN)

Power rationing to last through April
(DBN)

The Economic Impact Of Rolling Blackouts In Japan
(DBN)

Tide of bodies wash up on Japanese coast... Crematoriums overwhelmed; body bags run out
(DBN)

Why earthquake-prone Japan relies on nuclear power
(DBN)

Amid Disaster, Shortages, Closings And Fear In Tokyo
(DBN)

Panic buying in Tokyo
(DBN)

Quake may hit N-plant exports
(DBN)

Japan Nuclear Plant Insurance Excludes Earthquake, Fire Damage
(DBN)

Japan quake death toll climbs
(DBN)

BOJ Aims at Stability, Leaves Japan Economic Rebuilding for Kan
(DBN)

PM calls to build 'New Japan'
(DBN)

18 Companies That Could Boom In Japan's "New Deal"
(DBN)

Citi: Next Comes Japan's Political Crisis, And A Sovereign Downgrade
(DBN)

For Everyone Who Thinks Japan Is Now Going To Have A Debt Crisis
(DBN)

Prices for CDS on Japanese Debt Rise
(DBN)

Japan 'economy in fragile state' after earthquake
(DBN)

Japan's Economy In The Balance As Damage Toll Mounts
(DBN)

Japan Headwind to Hit Asian Economies
(DBN)

Bank of Japan injects $183 billion into economy
(DBN)

BOJ Pumps More Funds but Market Intervention Unlikely Now
(DBN)

Japan: The Disaster by the Numbers
(DBN)

Japan's economy to take big hit from quake
(DBN)

Moody's says doesn't see immediate fiscal crisis in Japan
(DBN)

Japan's economy stumbling in wake of disaster
(DBN)

The Country With The Most Riding On A Japanese Recovery
(DBN)

Japanese auto stocks extend losses
(DBN)

______________

MENA:

Gadhafi drives rebels from one of last strongholds
(DBN)

Gadhafi Closes In, as Allies Huddle
(DBN)

Gaddafi seeking new arms to crush uprising
(DBN)

Bahrain Shi'ites: Saudi Troops Mean War
(DBN)

After Sending Tanks To Bahrain, The Saudi Market Is Getting Crushed
(DBN)

Dubai World unit nears $2.2 bln loan deal
(DBN)

______________

PIIGS:

Will Ireland Threaten to Default?
(DBN)

SMEs Still Finding Access To Credit Difficult
(DBN)

Eviction fear for tenants as investors face bankruptcy
(DBN)

EU Denies Asking Ireland To Hike Its Corporate Tax Rate
(DBN)

Juncker `Not Happy' With Credit-Rating Firms After Spain Cut
(DBN)

______________

France:

Paris Home Prices Surge as City Shrugs off Financial Crisis
(DBN)

______________

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