March 24, 2011

The Daily Bankruptcy News

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Law:

Federal Judge Denies Bid by 10 Firms Appealing Coudert Proceedings
(DBN)

Dead BigLaw Firm Still Haunting Ex-Partners, Laid-Off Staffers Two Years Later
(DBN)

Former Qwest CEO sues ex-attorneys for negligence, claims lawyers billed for underwear
(DBN)

As Nuclear Fears Ebb, Firms Seem Optimistic About Japan Disasters' Economic Impact
(DBN)

Ex-Lovells partners to receive first post-merger bonus awards
(DBN)

In Five Years, Will the Endless March Of New Lawyers Finally Stop?
(DBN)

"Not Horrible"
(DBN)

Bingham, Touched for the Very First Time...by Madonna
(DBN)

Dreier Lawsuit Targets Tory Burch’s Unpaid Legal Bills
(DBN)

It's Official: Latham & Watkins Launches in Boston
(DBN)

Clifford Chance plans South Korea launch as legal market opens to international firms
(DBN)

Online Bidding for Clients
(DBN)

Three Firms Advising on GM's Sale of Ally Financial Preferred Shares
(DBN)

As Fla. Bar Investigates 157 Foreclosure Lawyers, Some Say More Action is Needed
(DBN)

Chicago lawyer convicted of mortgage fraud
(DBN)

Judge Confirms $2.6M Arbitration Award for Toyota in Claim Against Its Ex-Lawyer
(DBN)

Hedge-Fund Lawyers Still on Washington Mutual’s Pay List
(DBN)

Bank expands adviser line-up and sets up 'near-shoring' arm
(DBN)

Lawyers Who Missed Answer Deadline Accuse Opposition of Making "Bricks Without Straw."
(DBN)

Why Are You a Small-Firm Lawyer?
(DBN)

A Challenge to Startup Lawyers, from Fred Wilson
(DBN)

F. Lee Bailey on Cross
(DBN)

Discipline Costs Discharged By Bankruptcy
(DBN)

Is Your Free E-mail an Ethics Violation?
(DBN)

Copy Documents Anytime, Anywhere With Scanners to Go
(DBN)

Third Circuit Ruling on Privilege Worries Defense Bar
(DBN)

One-Time Public Defender Lands Skadden Partnership
(DBN)

SEC Attorney Sues Agency Alleging Racial Discrimination
(DBN)

Attorneys From Gibson Dunn Tally 9000 Hours in Day Laborers' Cause
(DBN)

$7.1 Million ATM Fee? Sorry, NY Firm, No Dice
(DBN)

Convicted Ex- Bankruptcy Attorney Could Get Up to 20 Years Per Count
(DBN)

Attorney Offers Interesting Explanation For His Client’s Alleged Threats To Kill 47 US Regulators
(DBN)

New Circuit Disciplinary Rule Targets Uncooperative Attorneys
(DBN)

Wal-Mart Pushes (Shoves?) Law Firms to Promote Minority Lawyers
(DBN)

2012 U.S. News Law School Rankings (16 – 30)
(DBN)

Law School Graduates Do Not Make $160,000
(DBN)

Meet the millionaires
(DBN)

Lawyer’s Lie Re Her Claim to Channel Thoughts of the Dead to Client Results in 1-Year Suspension
(DBN)

Oops.
(DBN)

Licensing Paralegals?
(DBN)

Do Canadian Lawyers Have Potty Mouths?
(DBN)

'Hot-Tubbing' Makes its Way Into Civil Trials
(DBN)

Bomb undiscovered for weeks at Detroit fed building
(DBN)

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Judges:

Plunge in Florida Foreclosures Renders $72 Million Shortfall in Courts
(DBN)

In Light of Revelations About Judge, Lawyers Look to Challenge Rulings
(DBN)

The Newest Member of the Fourth Estate: Virginia Thomas
(DBN)

Judge in Abscam, Penn Central bankruptcy to step down
(DBN)

Mess with the Easterbrook, you get the horns
(DBN)

Blistering 7th Circuit Opinion Fines Lawyer $5K, Orders Him to Alert Clients to Possible Malpractice
(DBN)

We Need Judges to Work Harder, So We Should Pay Them More Money, Lawmaker Says
(DBN)

Judge Turned Scammer Loses His House
(DBN)

'Confusion and Hypocrisy Unworthy of the SEC,' Says Rakoff
(DBN)

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Wall Street:

Stock futures gain ahead of economic data
(DBN)

U.S. Investors Place Record Wager on Japanese Funds
(DBN)

World Shares Recover All of Japan Disaster Losses
(DBN)

Wall St ends up
(DBN)

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Layoffs:

Job Creation Hit 29 Year Low in Recession
(DBN)

The Unemployment Puzzle - Or at Least One of Them
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Lehman:

Lehman Judge's 'Objections' Illuminate Uncontested Hearing
(DBN)

Lehman Asks Judge to Approve Completion of Swig's Manhattan Condo Project
(DBN)

Can We Prevent Another Lehman?
(DBN)

______________

Mass Torts:

Report says damaged pipe thwarted 'fail-safe' device
(DBN)

Initial loss of well control doomed Deepwater Horizon
(DBN)
w

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Fraud:

Ex-Goldman Board Member Gupta Invoked Fifth Amendment, Trial Judge Told
(DBN)

Goldman Had 'Inkling' of Galleon Probe
(DBN)

Lloyd Blankfein, Goldman Sachs Chief, Talks About His Work Habits On Witness Stand
(DBN)

Blankfein Describes Financial Crisis Board Meetings at Galleon Trial
(DBN)

Lloyd Blankfein or Orc? You Decide!
(DBN)

Who Needs To Be Held In Contempt At The Raj Rajaratnam Trial?
(DBN)

Once again, Blankfein forced to play defense
(DBN)

Blankfein Checks Profit Daily, Prefers Voice Mail to E-Mail
(DBN)

The "Law & Order" moment at the Raj trial
(DBN)

Blankfein extends hand to Rajaratnam, defense team
(DBN)

After He Testified Lloyd Went To Shake Raj's Hand As A "Show Of Courtesy"
(DBN)

Lloyd Blankfein's 'God's Work,' the Sequel
(DBN)

Galleon prosecutors have more Goldman-related tapes to play
(DBN)

Morgan Stanley Takes Backseat to Rival at Galleon Trial
(DBN)

Mets Owners Settling Case May Cause Default on Debt, Madoff Trustee Says
(DBN)

Firm Files Papers Calling For Resignation Of Madoff Trustee
(DBN)

Jaffe Seeks to Enforce Shapiro Settlement in Madoff Case
(DBN)

UBS tricked Madoff victims with prospectus: lawyer
(DBN)

Minkow to Be Charged with Conspiracy
(DBN)

From Behind Bars, Joe Nacchio Sues His Lawyer for Malpractice
(DBN)

Scott Rothstein was a generous brother, his sister says under oath
(DBN)

Point Blank Acting Chief Henderson Sued by Ex-CEO's Brother
(DBN)

Ponzi -scheme defendant accused of violating freeze
(DBN)

West Nyack lawyer named in 2 suits over investments
(DBN)

DeMarrais: Seven years and counting for Ponzi scheme trial
(DBN)

Trevor Cook case entangles Iraq veteran
(DBN)

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Nuclear:

Lights out for nukes? it just might be time
(DBN)

______________

Aviation:

AirTran shareholders OK merger with Southwest Airlines
(DBN)

______________

Shipping:

Police raid offices of German shipping company Beluga
(DBN)

______________

Economy:

Fed officials see U.S. recovery taking hold
(DBN)

Fed’s Fisher Sees ‘Extraordinary Speculative Activity’ in U.S. on Stimulus
(DBN)

US new home sales hit record low, outlook gloomy
(DBN)

Recession Caused Sharp Decline in Start-Ups
(DBN)

Fed Projects Profit Will Decline
(DBN)

NY Fed Launches New Operations to Ensure Readiness to Shrink Balance Sheet
(DBN)

Morgan Stanley's Deep Secret Now Is Revealed
(DBN)

Income Data Reflect Recovery's Fitful Path
(DBN)

Oil-Linked Currencies To Rise As Japan Rebuilds, Mideast Turmoil Remains
(DBN)

Global Fiscal Positions: How Does U.S. Rank?
(DBN)

Ex-White House Economists Urge Action on Deficit
(DBN)

Lack Of Federal Fiscal Discipline Puts U.S. In Greece's League
(DBN)

The Revolution in Central Banking
(DBN)

$461 million in taxpayer cash to speed train trip between two NC cities -- by 13 minutes
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

New Home Sales Plunge; Hit Lowest Level Since Data Tracking Began in 1960s
(DBN)

Distressing Gap
(DBN)

Housing Inventory Increases, Listing Prices Fall
(DBN)

Behind the Numbers: New Home Sales Keep Falling
(DBN)

Mortgage Purchase Application activity increases slightly
(DBN)

Housing Bust: Five Years And Counting
(DBN)

A Homeowner With No Savings, but Some Options
(DBN)

The GSEs, PMIs, and the Banks
(DBN)

Foreclosures, Property Taxes, Deductions — and More
(DBN)

Four AGs say foreclosure settlement proposal promotes strategic default
(DBN)

CRL study finds modification benefits investors more than tests find
(DBN)

Mortgage insurers are no substitute for 20% down
(DBN)

Bank of America and Detroit partner to fix housing blight
(DBN)

Decline in foreclosure filings pushes Florida court system into deficit
(DBN)

SEC clears shareholder vote for foreclosure reviews at major banks
(DBN)

Advocates say funding needed to prevent foreclosures in New York
(DBN)

Naples Rises From Florida Housing Swamp as Wealthy Buyers Return to Market
(DBN)

Distressed Naples Shopping Center Trades for $53M
(DBN)

Investors Returning To Retail Single Building by Single Building
(DBN)

Investor Survey:Optimism Rising As CRE Recovery Slowly Gains Traction
(DBN)

Fitch Takes Action On More Than 1,200 Subprime RMBS Deals
(DBN)

Taking A Closer Look At The New Face Of Fraud
(DBN)

_____________

Autos:

GM rebates, CEO comments raise eyebrows
(DBN)

Toyota to restart hybrid output; threats remain to supply chain
(DBN)

Toyota to curb N American output
(DBN)

Toyota Tells Workers: Brace For Shortages, Slowdowns
(DBN)

Nissan CEO Says Supply Shortage 'Serious' as Toyota Delays Model
(DBN)

Nissan: 40 Japanese Auto Suppliers Down
(DBN)

Expanding Chrysler faces headquarters space crunch
(DBN)

UAW: Ford CEO's pay 'morally wrong'
(DBN)

______________

Banking:

FDIC's Gruenberg a contender to replace Bair
(DBN)

Fed to Bank of America : Don't Raise Dividends
(DBN)

Fed's Clash With Bank of America Raises Questions
(DBN)

Bernanke vs. the robo-banks
(DBN)

Foreclosure vote could rock the banks
(DBN)

Bank of America Dividend Rejected!: What it Means
(DBN)

The Fed's 1-cent-a-share dividend cap
(DBN)

What's Really Wrong With Letting Big Banks Pay Bigger Dividends
(DBN)

Bernanke 'Confident' Small Banks Will Overcome Financial, Market Obstacles
(DBN)

Libor Probe Spurs Witness Call-up at Citigroup, Deutsche Bank
(DBN)

BofA, JPMorgan Cling To Top Positions In Bank Rankings
(DBN)

The government’s narrow anti-bank suits
(DBN)

______________

Corporate Reform:

Elizabeth Warren : Face of consumer protection agency
(DBN)

Financial watchdog sets stage for Obama 2nd term
(DBN)

Daley recuses self from nominee search for consumer protection head
(DBN)

Banking Reforms Without Leaders
(DBN)

The CFPB and Congress' Need for an Adult Conversation
(DBN)

Bernanke : Moral hazard to be cut by Dodd - Frank
(DBN)

Bernanke: Regulators setting sights on 'too big to fail' problem
(DBN)

Overhaul to even playing field, Bernanke tells small banks
(DBN)

______________

Baseball:

Inside Baseball's Debt Disaster
(DBN)

______________

M&A:

World Turns Up the Heat on Hostile Takeovers
(DBN)

______________

Retailing:

Retail Sales Fall in February as Prices Surge
(DBN)

Another Joseph-Beth store joins bankruptcy auction
(DBN)

Chief of American Apparel Faces 2nd Harassment Suit
(DBN)

______________

Finance:

Hard money lender among several businesses seeking bankruptcy
(DBN)

______________

Golf:

Trinitas owners ordered to make bank payments
(DBN)

______________

Newspapers:

Sun-Times CEO picks up chairman role in wake of Tyree's death
(DBN)

Billionaire Sam Zell Fights to Avoid Legal Claims Over Tribune Buyout
(DBN)

______________

Resorts:

Judge Rejects Proposed Peak Deal
(DBN)

______________

Awards:

Kurtzman/Carson wins award
(DBN)

______________

Consultants:

AlixPartners Appoints Robert Yerman as Managing Director
(DBN)

______________

Debt Collection:

Wealthy Gambler Makes Creative Legal Arguments to Defend Nonpayment of $1.2 Million Debt to Casino
(DBN)

______________

Credit Cards:

New transaction fees only a good deal for Wal-Mart
(DBN)

Credit Card Chargeoffs Rose In February, Ending Streak
(DBN)

Swiping Is the Easy Part
(DBN)

______________

Oil/Gas:

A preventable bankruptcy in the Gulf of Mexico
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(Temporarily Unavailable)

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:

Lehman-Innkeepers, Tribune, West End, Colonial: Bankruptcy
(DBN)

Lehman, Tribune, Fisher Island, Quigley, AAI: Bankruptcy
(DBN)

______________

Insurance:

Split over bankruptcy plan
(DBN)

Report alleges MBIA underestimated potential losses by $10 billion
(DBN)

U.S. Will Profit From A.I.G., Chief Says
(DBN)

______________

Trustees:

Lawyer for Bernie Madoff victims calls for resignation of 'dishonest' trustee Irving Picard
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Celebs:

Charlie Batch could lose Super Bowl rings due to bankruptcy
(DBN)

Lindsay Lohan: I'm Going to Trial
(DBN)

______________

Trucking:

YRC Worldwide Trading up with Large Volumes; Hiring amid Bankruptcy Speculation
(DBN)

Central States pension plan cuts benefits to YRC Worldwide union employees
(DBN)

Trustees still sorting through Eastern Livestock's financial collapse
(DBN)

______________

Hotels:

More legal troubles surround Hotel Indigo
(DBN)

_____________

Health Care:

InSight Health Services Completes Bankruptcy
(DBN)

Nursing homes in trouble
(DBN)

Assisted living facility in foreclosure
(DBN)

St. Joseph to be put up for auction
(DBN)

What's Next for US Health Care Law?
(DBN)

Health Care's Hidden Costs: $363 Billion
(DBN)

______________

Distressed Investing:

MKP Dumped Holdings Into Falling Market
(DBN)

Hedge funds to invest more in distressed
(DBN)

______________

Municipalities:

US Counties with the Highest Property Taxes
(DBN)

US City Urges Tax on Toilet Paper
(DBN)

______________

UK:

Bankrupt Grant Bovey back in business after discharge from bankruptcy
(DBN)

Business vulture Nicholas Buchanan jailed for lying to the High Court
(DBN)

Slower Growth Could Hurt UK AAA Rating-Moody's
(DBN)

U.K. Said to Prepare Bank Sales for Pre-Election Windfall
(DBN)

______________

EU:

Portuguese vote stokes Europe debt concerns
(DBN)

New Phase in Europe Crisis
(DBN)

The Debt Situation In Portugal, Spain, Italy, Belgium, France, And Austria
(DBN)

______________

Canada:

Newly chosen Conservative candidate has history of financial problems
(DBN)

Retailer shutting down after 24 years
(DBN)

______________

PIIGS:

Socrates Defeat Pushes Portugal Closer to International Bailout
(DBN)

Portuguese bonds seen under pressure
(DBN)

Portuguese Yields Rip Higher After Austerity Rejection
(DBN)

Portugal Opposition Rejects Austerity Plan, Bailout Next?
(DBN)

Portugal bailout 'could cost UK £3bn'
(DBN)

Greece for Sale
(DBN)

Parmalat Gains as Italian Government Moves to Slow Control by Lactalis
(DBN)

Pension guarantees hit by EU-IMF terms
(DBN)

Moody's Downgrades Ratings of Spanish Banks
(DBN)

______________

Japan:

Pimco’s Outlook on Japan
(DBN)

Goldman's Magnum Opus On The Economic Impact From Japan's Earthquake
(DBN)

TEPCO Shares Crash Again, After Fresh Concerns And Setbacks At The Nuke Plant
(DBN)

Japan Quake Could Have Big Impact on U.S. Output
(DBN)

Behind Reactor Battle, Legion of Grunts
(DBN)

Nuclear Warriors Find Respite on Ship in Fight to Avert Meltdown
(DBN)

Fukushima Deteriorates Again As Steam Now Rising From Reactor 1 For First Time, Including All Other Reactors; Reactor 5 Cooling Fails
(DBN)

Plant Workers Hospitalized for Radiation Exposure
(DBN)

Tokyo Issues Water Warning
(DBN)

Japan Seen Sticking With Nuclear Policy
(DBN)

______________

MENA:

In a Life Without Oil, What Hope Is There for North Africa and the Middle East?
(DBN)

Saudi Arabia to Start Municipal Elections
(DBN)

Murder Charges Sought for Hosni Mubarak
(DBN)

Egyptian Stocks Are Crashing For The Second Straight Day
(DBN)

15 dead in new clashes in southern Syria city
(DBN)

Libya's Economic War Rages in Europe
(DBN)

The Economic Policy Behind Intervention in Libya Chases Its Own Tail
(DBN)

Compromise Emerges for NATO's Libya Role
(DBN)

Moroccans Protest Monarch’s $2 Billion Fund as Democracy Barrier
(DBN)

Dubai World Signs Restructuring Deal With Creditors
(DBN)

______________

Hungary:

Bankruptcy fears for Pest County as government defers bills
(DBN)

______________

Lithuania:

Lithuanian Government Approves Personal Bankruptcy
(DBN)

______________

Czech Republic:

Sazka left in limbo after court rulings
(DBN)

Czech lottery firm sees reorganization filing
(DBN)

Court turns down insolvency proposal against Cepro
(DBN)

Cepro: ‘Insolvency’ part of conspiracy
(DBN)

______________

China:

China’s Five Biggest Banks May Post Record Profit for Fourth Straight Year
(DBN)

______________

 

 

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