March 16, 2011

The Daily Bankruptcy News

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Law:

The Dangerous Life of the Service Partner
(DBN)

Milbank PPP Rises 12 Percent to $2.5 Million
(DBN)

Bonus Watch: Winston & Strawn
(DBN)

Adviser: Howrey's End Wasn't Foregone Conclusion
(DBN)

Four Firms Advise as DISH Raises Offer for Bankrupt DBSD
(DBN)

Money-Center Law Firms Rake in the Dough
(DBN)

The Latest Foreclosure Fallout Could Further Mangle The Legal System
(DBN)

New Suit Against Juridica Exposes Cracks in Litigation Funding Model
(DBN)

LyondellBasell Chapter 11 Wins M&A Advisor 2011 Turnaround Award
(DBN)

James Bond, Esq.: License to Lose?
(DBN)

Biglaw Firms Poised To Help Japanese Relief Efforts
(DBN)

Law Firm Offers Better, Cheaper Medical Benefits via Self-Insurance Plan
(DBN)

‘Significant Core’ of Clark Thomas Forms New Firm at Same Offices
(DBN)

Up to 180 Lawyers Will Be Looking for Jobs with Dissolution of Yoss Law Firm
(DBN)

Harvey Miller Interviewed on Bloomberg Television's "Street Smart"
(DBN)

Trying to Recruit Gen Y Lawyers? Focus on Innovation and Lifestyle Rather than Tradition
(DBN)

Rajaratnam, Massey, Madoff, Zijin, Devon Energy in Court News
(DBN)

Wave bye-bye – how to quit a law firm without burning your bridges
(DBN)

BigLaw Firm Sued Over Decade-Old Tax Advice
(DBN)

Only in NYC: Mother v. Pre School
(DBN)

Daddy's Girl
(DBN)

Why People Don’t Like Lawyer Tenants, Redux
(DBN)

IIIIIIIIIII Keep On Falling, In(House) ... and Out of Love ... With YOU!!!
(DBN)

A Thing Like This Could Give Going In-House a Bad Name ...
(DBN)

Mandatory Mediation in Italy? Mamma Mia!
(DBN)

Girl Who Did Not Go Wild Gets a $3 Million Judgment Thanks to Ashley Dupré
(DBN)

"Trash torts"
(DBN)

Man Watering Neighbor's Lawn Fights Cops
(DBN)

Woman mistaken for Spitzer gal pal in Girls Gone Wild internet video awarded $3 million
(DBN)

Small Firms: Meet Two Happy Partners In Law And In Life
(DBN)

Town Declares "Food Sovereignty," Inspiring a Movement
(DBN)

Attorney, Two Firms Have Brushes With Scammers
(DBN)

Bobby Unser vs. the U.S. Government
(DBN)

White House pushes prison for intellectual property crimes
(DBN)

Smartphone, Dumb Idea: Using Blue-and-Red Light App to Pull Over Fellow Motorist
(DBN)

Manhattan Mom Sues Pricey Preschool for Spending Too Much Time on Play
(DBN)

______________

Judges:

HAZMAT situation at bankruptcy court
(DBN)

Bankruptcy Court to fill Rochester vacancy
(DBN)

Supreme Court Associate Justice Ruth Bader Ginsburg Celebrates 78th Birthday
(DBN)

Federal courts face shutdown as well under impasse
(DBN)

‘Dire Consequences’ for Courts If Federal Funding Fails Could Include Late Legal Fees Payments
(DBN)

With Budget in Flux, Administrators Put the Brakes on Use of JHOs
(DBN)

Supreme Court Justices Are Nerds
(DBN)

Filings in the Federal Judiciary Continued to Grow in Fiscal Year 2010
(DBN)

Sotomayor: Inequality in Education Biggest Hurdle to Diversity
(DBN)

______________

Wall Street:

Stock futures fall amid Japan, Mideast fears
(DBN)

Japanese Stocks May Defy Earthquake, Gain as Global Demand Drives Exports
(DBN)

Asian stocks rise as Japan's Nikkei rebounds
(DBN)

Stocks Slump Worldwide as Investors Flee Risk
(DBN)

Japan's market uncertainties mirror Tokyo mood
(DBN)

______________

Layoffs:

19,000 educators getting pink slips in Calif.
(DBN)

Jobless Claimant Count Falls, Wages Up
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

FDIC Seeks Comment on Clawbacks for Executives at Failed Financial Firms
(DBN)

FDIC too Slow to Sue Officers of Failed Banks
(DBN)

FDIC proposes liquidation pecking order
(DBN)

Citigroup Tops List of Banks Who Received Federal Aid
(DBN)

Anonymous’ Perplexing Leak of Bank of America Documents
(DBN)

Foreign Bankers Flee Tokyo as Nuclear Crisis Deepens
(DBN)

______________

Utilities:

Energy secretary defends U.S. nuclear industry
(DBN)

US committed to nuclear power but wants to learn from Japan crisis
(DBN)

Germany Shuts 7 Reactors for 3-Month Review
(DBN)

Emerging Economies Move Ahead With Nuclear Plans
(DBN)

______________

Retailing:

Borders gets 90 more days to negotiate leases
(DBN)

Borders Wins Approval of $505 Million Bankruptcy Loan From GEEC-Led Group
(DBN)

General Growth Properties Releases Bankruptcy Bonuses
(DBN)

Davis-Kidd Parent's Bankruptcy Draws Ire
(DBN)

______________

Food/Beverage:

Winter Blamed for Steakhouse's Bankruptcy Filing
(DBN)

Indian restaurants entrepreneur vows comeback from Ch. 11
(DBN)

Eatery's blizzness woe
(DBN)

______________

Trucking:

YRC Worldwide misses restructuring milestone, warns of bankruptcy potential
(DBN)

______________

Golf:

Golf course developer buys failed Pinemoor course
(DBN)

______________

Satellites:

Dish Network Negotiates Revised $1.5 Billion Offer for Bankrupt DBSD
(DBN)

______________

Derivatives:

Buffett Bid Burns Default Swap Traders Betting on Lubrizol LBO
(DBN)

______________

Consumer Debt:

Payday lenders boost spending on lobbying, campaigns
(DBN)

______________

Tax:

Ex-New York City Council President Avoids Jail Time In Tax Case
(DBN)

IRS Nearly Doubles Audits of Wealthy's Tax Returns
(DBN)

Enron Whistleblower Scores $1.1M Reward from IRS
(DBN)

______________

Trucking:

YRC Worldwide warns of bankruptcy
(DBN)

______________

Oil/Gas:

When an energy company faces bankruptcy
(DBN)

Rees-Jones, Thompson & Knight Announce Plans to Appeal in Claimed $116 Million Verdict To Houston Bankruptcy Lawyer
(DBN)

______________

Toll Roads:

South Bay toll road steps away from emerging from bankruptcy
(DBN)

______________

Student Debt:

Student Loan Debt, Reframed
(DBN)

______________

Health Care:

Judge to decide fate of donated funds
(DBN)

______________

Economy:

FOMC Decision: No Change To Rate, Recovery Is On A Firmer Footing, No Mention Of Japan
(DBN)

Steady Fed sees firmer economy, watchful on oil
(DBN)

Fed Faces Widening Risks: Inflation vs. Growth
(DBN)

Manufacturing in New York Area Grew at Faster Pace in March Amid Recovery
(DBN)

Fed to Assess Multiple Trouble Zones
(DBN)

If Market Keeps Falling, Fed Will Keep Printing: 'Dr. Doom'
(DBN)

World wide effects of Japan disaster
(DBN)

Crisis Adds New Risk to Recovery
(DBN)

Gauging Disaster’s Toll on an Economy
(DBN)

Meltdown Macroeconomics
(DBN)

Retirement Confidence Falls in Past Decade
(DBN)

Watchdog says TARP helps perpetuate "Too big to fail"
(DBN)

Gov't Panel Issues Mixed Final Verdict on Bailouts
(DBN)

TARP's Lower Cost Reflects Troubles Of Foreclosure Effort - Panel
(DBN)

TARP price tag at $25 billion; rescue losses to be smaller
(DBN)

Huh? Greenspan: Stimulus Hurt Recovery
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Fewer CMBS loans make scheduled balloon payments in February
(DBN)

Mortgage Applications Fell Last Week
(DBN)

Geithner seeks quick foreclosure pact with banks
(DBN)

Geithner: Consumer Bureau Won't Be Party To Mortgage Settlement
(DBN)

Obama Administration Pushing For Banks To Modify Millions Of Mortgages
(DBN)

Geithner defends consumer agency's role in talks on deal with mortgage firms
(DBN)

AGs clash over proposed mortgage settlement
(DBN)

Walsh Says Single Foreclosure Possible
(DBN)

Factbox: States' mortgage settlement proposal with banks
(DBN)

Freddie Mac and Florida foreclosure law firm part ways
(DBN)

Housing needs mortgage servicing standards: OCC
(DBN)

Texas bill to prevent HOA foreclosures on active military passes committee
(DBN)

DE bill would aid struggling homeowners
(DBN)

IA: Big banks foreclose on homes lost to '08 flood
(DBN)

Residential Remodeling Index shows strong increase year-over-year
(DBN)

US Homebuilder Confidence Rose in March on Sales Expectations
(DBN)

Builders Probably Began Work on Fewer US Houses in February
(DBN)

Southern California home sales, prices remain sluggish
(DBN)

Housing Official to Take Lobbying Job
(DBN)

Homeownership should not be part of the American Dream
(DBN)

Do Republicans Lack Consensus on Plan for Fannie, Freddie?
(DBN)

Freddie Mac’s Former Chief May Face S.E.C. Action
(DBN)

Statler to be sold Wednesday
(DBN)

Foreclosure.com nears end of bankruptcy ordeal
(DBN)

Man Charged With Arson For Burning His Foreclosed Home
(DBN)

Another Lawsuit Filed Against Bankrupt Las Vegas Real Estate Developer
(DBN)

GSEs inflated subprime balloon before it popped: Cato Institute
(DBN)

Issa Seeks Data on Whether GSEs Still Buy ‘Risky’ Mortgages
(DBN)

Judge names guardian for injured Mastro
(DBN)

First Bank takes steps against developer John Kline
(DBN)

Beazer Homes Directors Sued by Teamsters Funds Over Executive Compensation
(DBN)

Deadline set for Pacific Towers bankruptcy plan
(DBN)

Distressed Property Numbers Set to Rise Worldwide
(DBN)

_____________

Fraud:

In the Raj Rajaratnam Trial, E-Mail Lessons Learned, but . . .
(DBN)

Rajaratnam Jury Hears Wiretaps of Ex-Goldman Director
(DBN)

In Raj Case, Much Talk Monday of Tips on Big Tech Deal
(DBN)

The Battle Is ON As Raj Witness Anil Kumar And Defense John Dowd Yell At Each Other
(DBN)

In Cross-Exam of Rajaratnam Witness, Sparks Fly
(DBN)

Galleon Executive Wanted to Use Burner Phones, Witness Says
(DBN)

Anil Kumar Has A Message For Raj: "Look Who's Laughing Now!"
(DBN)

Rajaratnam Was Told by Gupta Goldman Sachs Considered Buying Wachovia, AIG
(DBN)

Goldman Board's Talk of Wachovia, AIG Buyout Leaked to Rajaratnam by Gupta
(DBN)

Rajaratnam Favored Chiesi's Tips on AMD, Kumar Tells Galleon Trial Jurors
(DBN)

Did Raj Rajaratnam Not So Subtly Suggest Anil Kumar Should Trade S-- Favors For Inside Information?
(DBN)

Ruth Madoff Has $14 Million From Fraud Scheme in BNY Account, Trustee Says
(DBN)

Madoff Caught In New Ponzi
(DBN)

Bernie Madoff Would've Made a Fine NFL Owner
(DBN)

Guilty Plea in Fraud Case Tied to TARP
(DBN)

US Attorney recommends 9- year sentence for Kurlemann
(DBN)

Rowan gets 14 months ... and a tongue-lashing
(DBN)

Texan Charged in $100M Fraud Case
(DBN)

Decade-old Heartland fraud case nearing end
(DBN)

Easy-to-recover assets from Fair Finance sold
(DBN)

CFTC charges Michigan firm in $45M Ponzi
(DBN)

Ex-Adviser Out of Jail After 11 Years, Including 7 for Contempt
(DBN)

______________

Corporate Reform:

Regulators Worry a Case May Limit Ability to Police Wall Street
(DBN)

Warren girds to defend reg reform
(DBN)

President Warren's Empire
(DBN)

Building the new consumer bureau
(DBN)

Warren Defends Openness of Consumer Bureau to Congress, Public
(DBN)

UBS Is Being Investigated Over Possible Manipulation of the Libor
(DBN)

Republicans fight Dodd-Frank one provision at a time
(DBN)

Randy Neugebauer On Elizabeth Warren's Consumer Agency: 'I Don't Like Them'
(DBN)

Accountability for consumer financial protection
(DBN)

Study Calls For SEC Overhaul
(DBN)

Four People Who Get Why Wall Street Can Scoff
(DBN)

Public Database for Safety Complaints Goes Live
(DBN)

______________

Autos:

Global carmakers fear Japanese parts shortages
(DBN)

GM Falls to Lowest Since IPO on Rising Oil Prices
(DBN)

Car Dealers Fear Ripple Effect of Earthquake
(DBN)

Japanese Disaster: What Are The Impacts On The Auto Industry?
(DBN)

Toyota Is Losing $73 Million A Day Due To The Japanese Catastrophe
(DBN)

Japan's automakers: Down but not out
(DBN)

Toyota says to keep 12 assembly plants shut to Mar 22
(DBN)

Toyota to Reopen Seven Parts Plants in Japan; Shares Surge
(DBN)

GM Execs Meet with Washington Leaders
(DBN)

18 Ford execs to share $34M under retention plans
(DBN)

China's Car Sales Slowed in February
(DBN)

Toyota, Plaintiffs’ Lawyers Close to Agreement on Evidence
(DBN)

______________

Municipalities:

Bentley supports bankruptcy over sewer debt
(DBN)

What about it? Bankruptcy for Jefferson County?
(DBN)

2 Jefferson County, Ala. commissioners say governor would support bankruptcy
(DBN)

13 signs of a comeback in Detroit
(DBN)

The economy has been bad to both public and private-sector workers
(DBN)

Mich. lawmakers broaden emergency managers' powers
(DBN)

Emergency managers bill waits for governor's signature
(DBN)

Angry Retirees Converge On Lansing To Protest Budget Plan
(DBN)

California: Teacher Pink Slips Arrive Today
(DBN)

Union: 19K teacher layoff slips so far in Calif
(DBN)

Victorville, California, Faces Insolvency
(DBN)

Miami-Dade mayor ousted in recall vote; anger over tax hike
(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)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Insurance:

10 Insurance Stocks With Significant Exposure To The Catastrophe In Japan
(DBN)

Quake, tsunami could cost European reinsurers 8% of premiums
(DBN)

Earthquake Losses May Be Limited for Japanese Non-Life Insurance Providers
(DBN)

______________

Miscellaneous:

DBSD, Rittenhouse, Local Insight, Lehman, Madoff: Bankruptcy
(DBN)

Ssangyong, Rodovid Bank, Pfleiderer, Powerfuel Bid: Bankruptcy
(DBN)

Lehman, Innkeepers, Blockbuster, Jackson: Bankruptcy
(DBN)

Filing Bankruptcy From Outside the USA
(DBN)

______________

Finance:

In re Chemtura Corporation: An Analysis of the Enforceability of Make-Whole and No-Call Provisions
(DBN)

______________

Compensation:

March (Money) Madness
(DBN)

Bank CEO pay creeping back to bad old days
(DBN)

______________

Lehman:

Lehman Said to Seek Partner for Residential Property Development Projects
(DBN)

Silver Point Pursues Tiffany & Co.'s Claim Against Lehman
(DBN)

Probe of Lehman Brothers Executives Raises Doubt
(DBN)

Fading Chance of Charges in Lehman Case
(DBN)

______________

Newspapers:

Newspaper Ads Hit 25 Year Low
(DBN)

______________

Credit Cards:

The card revolution: Wall Street may be the new Egypt
(DBN)

Small Banks and Debit Interchange Reform: Winners or Losers?
(DBN)

9 Senators Seek to Delay Debit Card Fee Changes
(DBN)

______________

Museums:

Bankruptcy Trustee Throws Hail Mary in Heisman Fight
(DBN)

______________

Hotels:

MSR Resorts to Draw $5 Million of $30 Million Loan
(DBN)

Bank forecloses Hotel Mead
(DBN)

______________

Viaticals:

New Stream, Life Settlement Company, Under SEC Investigation, Lawyer Says
(DBN)

______________

UK:

Ruthless suppliers at fault for pre-pack administrations
(DBN)

HMRC fails to fast-track football insolvency case
(DBN)

Appointment of Administrators - 15 March 2011
(DBN)

Winding Up Petitions - 15 March 2011
(DBN)

______________

EU:

Euro-Zone Ministers Stall on Bailout Details
(DBN)

Noonan Seeks More Support For Banks
(DBN)

______________

Germany:

German Investor Confidence Unexpectedly Drops for First Time Since October
(DBN)

______________

Canada:

Bankruptcy verdict may change face of Bamfield
(DBN)

______________

Japan:

Workers Strain to Retake Control After Blast and Fire at Japan Plant
(DBN)

Radiation spikes at reactor at Japan's Fukushima nuclear plant
(DBN)

Workers flee Japanese nuclear plant as radiation surges
(DBN)

Photos Show Massive Nuke Plant Damage, Cooling Operation Aborted, Fears Grow At Reactors #5 And #6
(DBN)

Setback in Fight to Control Reactors
(DBN)

The Future of Nukes, and of Japan
(DBN)

Officials Make Gains as Nuclear Crisis Sparks Rift
(DBN)

Reactor Design Caused GE Scientist To Quit In Protest
(DBN)

1989 Article: "How A Tokyo Earthquake Could Devastate Wall Street & The Global Economy"
(DBN)

Japan helicopter unable to drop water on to stricken reactor
(DBN)

Death toll rises, stocks plunge, foreigners flee as nuclear crisis escalates
(DBN)

Millions in Japan Freeze without Electricity
(DBN)

Radiation Fears Threaten Relief Effort
(DBN)

Latest Japan News at a Glance
(DBN)

Anxiety Spreads to Japan's Neighbors
(DBN)

Chernobyl clean-up expert slams Japan, IAEA
(DBN)

Japan Grapples With Radiation Risk
(DBN)

Electricity Outages Amplify the Anger
(DBN)

Rebuilding Northeast Japan to Take Years, Billions
(DBN)

Japan's Government Likely to Bear Much of the Loss
(DBN)

Tokyo Restaurants Brace for Tough Times
(DBN)

Quake Roils Tech Supply Chain
(DBN)

`Worst Case' Nuclear Disaster in Japan Hangs on Unlikely Events
(DBN)

Tokyo Electric may be held liable for nuclear plant explosions
(DBN)

Some Expats Head for Exits
(DBN)

In Japan, Eventually A Big Buying Opportunity
(DBN)

5 sectors hit hardest by Japan's crisis
(DBN)

______________

MENA:

Problems Grow as Egypt's Exchange Stays Closed
(DBN)

Gadhafi Forces Push Libyan Rebels to Brink
(DBN)

Qaddafi Crushes The Rebels On Both Fronts
(DBN)

US Freezes Assets Of Libya's Foreign Minister
(DBN)

UN: No Consensus on Libya No Fly Zone
(DBN)

Two Protesters Dead as Bahrain Declares State of Emergency
(DBN)

Oil rises above $98 in Asia as traders eye Bahrain, Libya violence
(DBN)

Drydocks World debt revamp likely next month
(DBN)

______________

Mexico:

Cemex’s Troubles Highlight Broader Risks For Investors In Mexico
(DBN)

Vitro Bankruptcy Case Rejected in Court Report, El Norte Says
(DBN)

______________

Korea:

Busan Savings Bank and Affiliates Under Probe
(DBN)

______________

PIIGS:

EU: Very Satisfied With Irish Bank Restructuring Thus Far
(DBN)

German Banks Give Ireland Leverage
(DBN)

European Central Banks Play Hot Potato With PIIGS Bonds
(DBN)

Pressure on Portugal After New Credit Downgrade
(DBN)

Portugal Raises $1.4 Bln Despite Debt Downgrade
(DBN)

______________

Czech Republic:

Number of firms in insolvency grows by 6.2% in 2010
(DBN)

______________

 

 

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