March 2, 2011

The Daily Bankruptcy News

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Law:

After Layoffs and Belt-Tightening, Law Firms Are Seeing Light at the End of the Tunnel
(DBN)

Adapt or Die
(DBN)

Today’s Howrey News: DC MP Will Join Sheppard Mullin; 6 Others Also Exiting Multiple Offices
(DBN)

Norton Rose: Taking on the World
(DBN)

Bored Justice Dept lawyers play solitaire, watch videos at work
(DBN)

A Few More Words on Joe Flom, From a Former Skadden Partner
(DBN)

Growing Up in Joe Flom’s World
(DBN)

Missing Madoff's Fraud Gives SEC Lawyer Cover
(DBN)

Dreier Bankruptcy Trustee Sues Over Anguilla Property
(DBN)

Amidst Layoffs, Defections and Unpaid Bills, Firm Closes Office
(DBN)

The Wisconsin Police State
(DBN)

Recruiter Got Zip, Sued for $100M, Is Awarded $365K re 12-Lawyer Leap to Lewis Brisbois
(DBN)

Partner Dishes Dirt in Nasty Feud with Former Firm
(DBN)

24/7 Work Atmosphere Makes Retaining Associates a Challenge, Hartford Law Firm Leaders Say
(DBN)

Small Firms: I See London, I See France
(DBN)

This is What Happens When You Outsource Your Press Release.
(DBN)

Cooked-Up Résumé Cooks Goose of Lawyer Mystery Man
(DBN)

Biglaw Bros: Why Slam Pieces Don’t Want You
(DBN)

GC Loses Onetime $720K-a-Year Job Over ‘Evidence of Financial Irregularities’
(DBN)

Wow, They Pay Their Top Lawyer WELL!
(DBN)

'Just a Small Piece': Is an Ex-Glaxo Lawyer's Case Just the Beginning?
(DBN)

Going Native Without Bates Numbers and Making It Work
(DBN)

Using the Internet as a Tool for Cross-Examination
(DBN)

Hey Lawyer! New iPad? Get These Apps First
(DBN)

Risks of Overbroad Demands for ESI and Improper Denials
(DBN)

Crafting Effective E-Mail Disclaimers
(DBN)

New Survey Profiles Lawyers’ Use of Technology
(DBN)

The Ethics of Cloud Computing in Law Practice
(DBN)

Law Firm Worker Blew Through Most of the $2.7M She Stole, So Restitution Is Only $389K
(DBN)

Lawyer Seeks Hairdresser for Client to Spruce Up ‘Crazy Woman’ Looks
(DBN)

Supreme Court Rules that Corporations May Not Claim Personal Privacy Exemption
(DBN)

Supreme Court: AT&T Is Not a Person
(DBN)

In AT&T Case, Chief Justice Roberts Has a Little Fun at Company’s Expense
(DBN)

How to Bill Out at $10,030 Per Hour :))
(DBN)

‘Would You Rather’ Goes to Law School; Which Would You Choose?
(DBN)

Law School Party Follow Up — Now With Art
(DBN)

Best Law Schools for Getting a Biglaw Job (2011)
(DBN)

Top Firms Drawing Fewer Top Law School Grads
(DBN)

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Judges:

Judge Gives Own Tie to ‘Gorgeous’ Defendant in Mob Murder Case to Correct Wardrobe Malfunction
(DBN)

Quote-Worthy Kagan and Hard-Charging Sotomayor Are ‘Stronger Voice’ in Oral Arguments
(DBN)

A Movie Recommendation from Chief Judge Kozinski
(DBN)

Is John Roberts the funniest Supreme Court justice ever?
(DBN)

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Wall Street:

Stock futures signal pause after sell-off
(DBN)

Nikkei falls 2 pct, erases most of last 3 days' gains
(DBN)

Wall Street falls as oil surges
(DBN)

Are some traders gaming the system via settlement failures?
(DBN)

Goldman Sachs Group Says It Lost Money From Trading on 25 Days Last Year
(DBN)

Street's legal-fee load: $15B
(DBN)

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Layoffs:

More College Graduates Take Public Service Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

SEC Says Ex-Goldman Director Gupta Tipped Rajaratnam
(DBN)

Galleon Insider-Trading Probe Fingers Former McKinsey Head
(DBN)

Rajat Gupta: Bigger Than Madoff?
(DBN)

Is Rajat Gupta a Lunatic, Logo, or Luckless Innocent?
(DBN)

Gupta, Rajaratnam calls on Goldman, P&G
(DBN)

Rajat Gupta Had Inside Information on $61 Billion P&G Deal in 2005
(DBN)

Insider trading scandal rattles trust at the top
(DBN)

Be careful who you show off to, Rajat Gupta edition
(DBN)

When Goldman’s board meetings leaked
(DBN)

SEC's Timeline in Alleged Insider Trading
(DBN)

Ex-Goldman Director's Insider Trading Renews Criticism Of Wall Street Casino
(DBN)

Guess How Many Seconds Rajat Gupta Waited Before Calling Raj After Blankfein Told Him Q4 2008 Earnings Were Bad
(DBN)

Fight Club: Ackman's Hedge Fund Vs. Wall Street's Ponzi
(DBN)

New Mexico Ponzi Indictment Highlights Greed of Victims
(DBN)

Merrill Lynch Accused Of Ignoring Madoff Fraud
(DBN)

Mets Money Mishap May Make MLB a Monopoly After All
(DBN)

What Bernie Madoff's Pity Party Can Teach Us About Financial Reform
(DBN)

Madoff Trustee Sues NY Investment Company
(DBN)

Meet the Bernie Madoff of Sudan
(DBN)

Stanford seeks release from jail
(DBN)

Ex-SocGen Trader Gets 3 Years, States: ‘The Character of a Man is in the Dark’
(DBN)

Hedge Fund Case Takes Aim at Side Pockets
(DBN)

Texas Man Accused Of Fraud Reeled In Former Cowboys Player, Other Clients With Fictional Ties To Goldman Sachs
(DBN)

Hecker's fiancee opts to wait in jail for sentencing
(DBN)

______________

Video Rentals:

Creditors blast "pittance" bid for bankrupt Blockbuster
(DBN)

Blockbuster sales process objected to by Disney, Universal, landlords, U.S. trustee and others
(DBN)

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Debt Collection:

Lawsuits Against Agencies, Creditors Hold Steady
(DBN)

______________

Municipalities:

Chapter 9 Past May Not Be Prologue - Priority Uncertain For Bondholders
(DBN)

Boise County commissioners announce plan to file Chapter 9 bankruptcy
(DBN)

Muni Default Estimate: $100 Billion
(DBN)

Wisconsin Budget Will Cut Aid
(DBN)

Two governors. Two parties. One solution.
(DBN)

Penniless Vallejo Experiencing Gentrification-by-H------
(DBN)

Jefferson County Commission Hires Consulting Firm
(DBN)

Sacramento Fire Captain Says Cuts Led To His Broken Back... Not Enough People To Hold Ladder
(DBN)

Public Employees Paid More Than Private Workers in 41 States
(DBN)

Public Employees Retiring at Record Rates To Lock In Huge Pensions
(DBN)

Why states shouldn't adopt defined-contribution pensions
(DBN)

The Origins and Severity of the Public Pension Crisis
(DBN)

Alabama Schools May Be Facing 'Perilous Times'
(DBN)

Ohio's Finances, While Strained, Are Better Than Those Of Some States
(DBN)

______________

Lehman:

Citigroup Says It May Face $3 Billion in Claims From Lehman
(DBN)

Councils sue over Lehman Brothers collapse
(DBN)

Heat is on Murchison over $6b Oakajee fear
(DBN)

StanChart in Lehman note buyback
(DBN)

______________

Valuation:

American Home Mortgage: Market or Sale Price Is Not the Only Determinant of Value Under Section 562
(DBN)

______________

Tax:

U.S. Accuses Swiss Banker of Aiding Tax Cheats
(DBN)

The State of Israel a Tax Haven?
(DBN)

They tried to deduct what?!
(DBN)

______________

Economy:

Bankruptcy Fees Could Fund Courts During Government Shutdown
(DBN)

Bernanke Defends Focus on Inflation
(DBN)

Treasuries Fall After Fed's Bernanke Notes Inflation, Factories Show Gains
(DBN)

Bernanke Signals No Rush to Tighten Credit When Fed Stops Bond Purchases
(DBN)

U.S. Manufacturing Grows at Fastest Pace Since 2004
(DBN)

Perceptions of Income Inequality
(DBN)

Fed still 'very far away' from economic-stimulus goals, official says
(DBN)

Gold Ends at New Record High
(DBN)

Bernanke Unfazed By Gold Standard, Currency History Queries
(DBN)

Crude, Heating Oil, Gasoline Reach 29-Month Highs
(DBN)

Oil Prices: The Line in the Sand is $125
(DBN)

Fed Boss to Get Earful on Gas Prices
(DBN)

Surprising Facts About the US and Oil
(DBN)

Survey: Gloomy Views Persist on Housing, Economy
(DBN)

San Francisco Fed picks Williams to succeed Yellen
(DBN)

US pushes debt limit strike date back 10 days
(DBN)

Gov't shutdown averted as House votes $4B cuts
(DBN)

White House Signals Support to Stop Shutdown
(DBN)

500 Government Programs And Agencies That Should Be Closed Right Now
(DBN)

Treasury Plans Sale of Ally's Trust-Preferred in Step Toward Bailout Exit
(DBN)

Financial terrorism suspected in 2008 economic crash
(DBN)

It's Not Defense Spending That's Bankrupting The USA
(DBN)

The 10 Fastest Growing Economies Of The Next 40 Years
(DBN)

Sales Numbers hit a high in latest Credit Managers' Index
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Bad Facts Make Bad Law: Another Attack on MERS
(DBN)

How Congress Could Upend The Mortgage Deduction
(DBN)

Mortgage lenders move more foreclosures back into delinquent bucket
(DBN)

U.S. foreclosure deal must heal housing woes: Warren
(DBN)

PNC Financial says fine possible from loan probe
(DBN)

PNC Financial Expects Consent Orders Tied to Mortgages, Foreclosures, MERS
(DBN)

HSBC Suspends All US Foreclosures in Light of “Certain Deficiencies”
(DBN)

Goldman unit resumes some foreclosures
(DBN)

Foreclosure Firm Ben-Ezra & Katz Is Latest Addition to Attorney General's Investigation
(DBN)

Federal support for home loans essential, Geithner warns
(DBN)

Can the Government Ever Escape Backing Mortgages?
(DBN)

Geithner sets 2-year frame for Fan/Fred overhaul
(DBN)

Freddie Mac mortgage purchases down 23% in January
(DBN)

Geithner: ending HAMP would damage housing market
(DBN)

SIGTARP's support for HAMP 'all but exhausted'
(DBN)

3 out of 4 home loan mods denied
(DBN)

Megan McArdle Uses Straw Men to Argue Against Principal Mods
(DBN)

Housing market needs more time to recover-Geithner
(DBN)

Cash-only home sales rise in California
(DBN)

Construction Spending Drops to Decade-Long Low in January
(DBN)

JPMorgan's Commercial-Mortgage Bonds Set to Sell as Spreads Widen in US
(DBN)

SEC probes Fifth Third's commercial loans
(DBN)

Commercial real estate brought down failed banks in February
(DBN)

Naples developer MDG Capital files Chapter 11
(DBN)

Skywater project files for bankruptcy
(DBN)

Developer files for bankruptcy, sues Regions Bank
(DBN)

Hovnanian Swings to Loss
(DBN)

Trustee urges liquidation for THP; company says court filing based on misunderstanding
(DBN)

IStar Financial Calls Are Among the Most Active in the US
(DBN)

_____________

Sovereigns:

Pimco Sees Opportunities to Sell U.S., British, German Default Protection
(DBN)

Turkey Is Biggest Loser in Worst Emerging Bond Rout Since 2008 on Mideast
(DBN)

______________

Corporate Reform:

Buffett's Trust in Goldman Sachs Betrayed by Leak, SEC Says
(DBN)

Why Aren't Bankers Going to Jail?
(DBN)

Top Republican: 'Senate May Approve' Elizabeth Warren
(DBN)

White House's Warren: Looking Forward To Capitol Hill Hearing
(DBN)

Bankers Line Up to Meet Elizabeth Warren
(DBN)

Business groups put pressure on CFPB
(DBN)

Big business: Go slow on consumer bureau
(DBN)

Disinformation About The Consumer Financial Protection Bureau
(DBN)

House Kneecaps Wall Street Reform Funding, But Goal Is Worse: Repeal
(DBN)

Regulators May Be Near Deal on Mortgage Risk Rules
(DBN)

______________

Autos:

GM, Ford, Chrysler Report Higher Monthly Sales
(DBN)

GM sales jump 49%, aided by sweeter deals
(DBN)

Consumer Reports has harsh words for GM's new Volt
(DBN)

At Geneva Auto Show, an Upbeat but Uncertain Mood
(DBN)

GM Focus Of Europe Tuneup Is On Long Sputtering Opel Unit
(DBN)

______________

Aviation:

American slows growth plans as fuel costs rise
(DBN)

Airline Profits to Slump by Half in 2011 on Soaring Cost of Fuel
(DBN)

Mesa Air Group exits bankruptcy court Tuesday
(DBN)

______________

Agriculture:

Farmer asks for bankruptcy dismissal
(DBN)

______________

Travel:

Nomads travel club files for bankruptcy after 46 years
(DBN)

______________

Horse Racing:

PNGI Closes on Purchase of Maryland Track
(DBN)

Suffolk OTB Woes a 'Wake-Up Call' to Industry
(DBN)

______________

Credit Reporting:

Fed, FTC Call for Lenders to Share Credit Scores
(DBN)

______________

Distressed Investing:

The Diva of Distressed
(DBN)

______________

Oil/Gas:

Report: Dangers of fracking greater than previously understood
(DBN)

______________

Symphonies:

A Chapter 11 threat in orchestra talks
(DBN)

______________

Telecoms:

Ericsson wins EU okay for Nortel asset buy
(DBN)

______________

Golf:

Plainville course files for Chap. 11
(DBN)

______________

Hockey:

New problems seen in Coyotes sale
(DBN)

______________

Hotels:

Ocean Place heads to bankruptcy court
(DBN)

______________

Baseball:

Baseball Said to End Big Loans to Mets
(DBN)

______________

Satellites:

Harbinger, Solus Make Rival Bid Against Dish for DBSD
(DBN)

______________

Trucking:

Fitch warns of possible YRC downgrade
(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:

Does D&O Insurance Cover Fee Awards to Derivative Plaintiffs?
(DBN)

Bond insurer MBIA more than doubles fourth-quarter profit
(DBN)

Insolvency Exclusion Bars Broker's Claim for Coverage and Broker's Payments Deemed Not Amounts It Was "Legally Obligated to Pay"
(DBN)

______________

Venue:

Does Bankruptcy Have a Venuereal Disease?
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Ticked Up Last Month
(DBN)

HI statewide bankruptcy filings slip 1% over course of year
(DBN)

______________

Executory Contracts:

Court rejects United Airlines' cure payment for AT&T contracts
(DBN)

______________

Cash Collateral:

Recent decision limits utilization of non-consenting secured creditor's cash collateral
(DBN)

______________

Mass Torts:

Fund Lawyer to Refuse 100,000 Spill Claims
(DBN)

Kenneth Feinberg and BP Face Suits by Claimants Seeking to Undo Payouts
(DBN)

Few Taking Final Offers to Settle Oil Spill Claims
(DBN)

______________

History:

Foreclosing the Foreclosers, Early-American Style
(DBN)

______________

Celebs:

Report: Prince Is ‘Purple Pain’ for NY Law Firm That Says He Owes a Lot of Green
(DBN)

______________

Banking:

Bank Investors Deserve Fuller Picture of Legal Risk
(DBN)

JPMorgan sees $4.5 billion legal hit
(DBN)

JPMorgan Should Still Be on the Hook for Madoff/Levy Scheme
(DBN)

Dark side of American bank consolidation exposed
(DBN)

US on pace for 100+ bank failures in 2011
(DBN)

Bank of America's bad bank struggles
(DBN)

Citigroup hikes Pandit's salary massively
(DBN)

Elizabeth Warren: “Problems Lurking” In Same Banks Tim Geithner Says Are “Much Stronger”
(DBN)

______________

Retailing:

Busted Borders: Small Firms' Boon or Burden?
(DBN)

Borders Australia updates creditors and unpaid staff
(DBN)

Will Barnes & Noble's New Retail Strategy Help Save the Day?
(DBN)

General Growth CEO maps out recovery plan
(DBN)

Chapel Hills Mall to be turned over to lender
(DBN)

Will office superstores be the next retailers to fall?
(DBN)

Discount retailer Loehmann's emerges from bankruptcy protection, names new CEO
(DBN)

______________

Religion:

Dolan wrote Ratzinger in 2003 seeking defrocking of pedophile priest
(DBN)

Bank wants KC-area church placed in receivership
(DBN)

______________

Finance:

Debt Market Rebounds From the Crisis, and So Does Risk
(DBN)

______________

Small Business:

A Bankruptcy Success Story
(DBN)

______________

Gambling:

Las Vegas gaming entity files for bankruptcy
(DBN)

______________

Consultants:

Epiq Systems Names Daniel C. McElhinney Managing Director of Corporate Restructuring
(DBN)

______________

UK:

Appointment of Administrators - 1 March 2011
(DBN)

Winding Up Petitions - 1 March 2011
(DBN)

Lloyds – Enron Redux?
(DBN)

How Lehmans could soothe the taxman's football woes
(DBN)

New partner at law firm Muckle
(DBN)

______________

EU:

CMS Guide to Restructuring, Insolvency and Distressed Debt Trading
(DBN)

Manufacturing Expands in Europe at Fastest Pace Since 2000 as Exports Grow
(DBN)

Europe Producer-Price Inflation Quickens More Than Forecast
(DBN)

_____________

Canada:

The Falls resort in debt crisis
(DBN)

No Canadian Retail Recovery in Sight
(DBN)

______________

Germany:

Germany's Unemployment Shrinks Three Times as Fast as Economists Estimated
(DBN)

______________

Middle East:

Saudi Economy Sees No Adverse Impact
(DBN)

Saudi launches $37 bln benefit plan, markets jittery
(DBN)

Complete Ineptitude Of Saudi Government Fuels Public Rage
(DBN)

Saudi outflows are worrying omen in Mideast crisis
(DBN)

Report Details How Saudi Royals Cream Off Oil Revenue
(DBN)

Saudi Stocks Slump Most Since 2008 on Concern Unrest to Spread
(DBN)

The Arrest Of A Shiite Cleric Could Be The Spark That Ignites Saudi Arabia
(DBN)

UN Suspends Libya From Human Rights Council
(DBN)

Gaddafi Unleashes Fighter Jets Against Rebels
(DBN)

Gaddafi Forces Try to Retake Strategic City
(DBN)

U.S. Orders Ships to Libyan Coast
(DBN)

Defense Chief Gates Says More Ships Are Going To The Mideast
(DBN)

Libya Oil Head: Production Down 50%
(DBN)

EU: Gaddafi Has Lost Control Over Oil
(DBN)

Saudi Arabia sends tanks to riot-hit Bahrain
(DBN)

Oman deploys army units fearing more unrest
(DBN)

Iran forces on streets to block protest
(DBN)

In Tunisia, Islamist party emerges
(DBN)

Dubai Shares Slump to 7-Year Low, Lead Drop in Gulf on Saudi Risk Concern
(DBN)

Thousands take to Yemen's streets for new 'Day of Rage'
(DBN)

Yemeni president says US and Israel behind unrest
(DBN)

Understanding Today's Middle East: Dictators v. Despots
(DBN)

Will ACI investors get their money back?
(DBN)

______________

Mexico:

Satélites Mexicanos, S.A. de C.V. Advises That Holders of Its First Priority Notes Are Organizing and Announces Receipt of $325 Million of Committed Exit Financing
(DBN)

______________

Portugal:

Portugal Ready to Impose New Austerity Measures
(DBN)

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Ireland:

February failures were the worst since 2009
(DBN)

______________

Greece:

Europe Shouldn't Let Greece Default
(DBN)

______________

Malaysia:

Billionaire Vinod Sekhar walks free
(DBN)

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