March 25, 2011

The Daily Bankruptcy News

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Law:

You Can't Take It With You, But You Can Die Trying: Banks Owe Zombie Firm $20 Million
(DBN)

Which Lawyers Are Meeting With Elizabeth Warren?
(DBN)

Ropes & Gray Sued for Age and Sex Discrimination By Former Partner
(DBN)

What's Hot in the Legal Profession Today
(DBN)

Proskauer Revenue, Profits Hit Record Highs
(DBN)

White-Collar Heavy, Former Howrey Lawyer, to Join Bracewell & Giuliani
(DBN)

How To Make the Most of Your Summer
(DBN)

ATL March Madness: The Coolest Law Firm Elite Eight
(DBN)

Bryan Cave Adds New Bankruptcy Partner in New York
(DBN)

Arthur Stewart Joins Cantey Hanger
(DBN)

Herbert Smith heads up firms advising on £65m JJB Sports recovery effort
(DBN)

Fulbright Partner Appointed Chair of the TBLS Bankruptcy Commission
(DBN)

Bruce Leonard Chairs American College of Bankruptcy Panel
(DBN)

SEC names Small deputy general counsel
(DBN)

Judge Throws Out Indictment Of Former Glaxo Attorney
(DBN)

Goldman, Galleon, JPMorgan, Matrixx, Apple in Court News
(DBN)

In-House: In Praise Of Mediocrity!
(DBN)

Small Firm With Big Shoes To Fill
(DBN)

Should Companies Demand Diversity from their Outside Counsel?
(DBN)

Firm hikes maternity leave by almost 70%
(DBN)

Two Sites of Interest to iPad Loving Lawyers
(DBN)

Follow-Up on the Great "Photocopy" Dispute
(DBN)

ABA Survey shows blogs a leading form of client development
(DBN)

'Open-Ended' Retainer Agreements Don't Disqualify Firm
(DBN)

Researcher to Study Whether Extended Leave, Flexible Hours Affect Partnership Chances
(DBN)

Wake Forest Law Student Absolutely Slams Wake Forest Law Librarians
(DBN)

Which Law Schools’ Grads Make $160K Median Pay? None
(DBN)

The U Of C’s Big Leap Forward
(DBN)

Law Schools: Entry Level Hiring - The 2011 Report
(DBN)

Paralegal Has 1 Month to Pay $7.5K and Get 45 Days re $72K Law Firm Trust Account Spending Spree
(DBN)

Boston Defense Lawyer Charged With Money Laundering
(DBN)

Profanity, Threats In Court Leads To Proposed Suspension
(DBN)

Chicago Lawyer Convicted for Facilitating Staged Real Estate Transactions
(DBN)

How to Get Tarred, Feathered and Immediately Disbarred :))
(DBN)

Charlie Sheen Sues Arbitration Company
(DBN)

Is The Sheriff Too Friendly With Prospective Jurors?
(DBN)

______________

Judges:

A Portrait of the Current High Court Term . . . in March
(DBN)

Judge Posner Is Not a Kindergarten Teacher
(DBN)

Judge Fullam, Benchslapped and Elderly, Is Stepping Down
(DBN)

A Trend in the Making? Scalia and Thomas Split More Often than Not in Divided Cases This Term
(DBN)

Novel Solution to Judicial Funding Crisis -- Pay Judges to Work Faster!
(DBN)

"Perhaps they didn't teach genetics in the late 1960′s?"
(DBN)

Judges are allowed to be funny
(DBN)

Judges' Survey Raises Hackles
(DBN)

______________

Wall Street:

US stock futures signal gains
(DBN)

S&P 500 rises 1 percent
(DBN)

How the Major Stock Indexes Fared Thursday
(DBN)

Japanese Stocks Fall for Second Day, Led by Tokyo Electric Power
(DBN)

Hank Paulson Would Use Voicemail To Apologize To Employees For Telling Them They Were Worthless
(DBN)

______________

Layoffs:

7,500 administrative jobs at stake, 2,000 post offices to close
(DBN)

Texas Budget Could Cost 600,000 Jobs
(DBN)

Small-Business Hiring in U.S. Gaining Momentum
(DBN)

Older Workers More Likely to Be Employed Than Teens
(DBN)

More summer jobs, and they'll pay better
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Nuclear:

For safer nuclear power plants, leave the '70s era behind
(DBN)

Poll Finds Support for Freeze on Nuke Plants
(DBN)

______________

Celebs:

Elizabeth Taylor Tried To Save Last Husband, Larry Fortensky, From Foreclosure
(DBN)

10 Celebrities Who Are Flirting With Foreclosure
(DBN)

Fund Wants Bling From Steelers' Charlie Batch
(DBN)

Bankrupt Pregnant Man Wants a 4th Child
(DBN)

Dr. Murray Propofol Pharmacy Shut Down
(DBN)

______________

Health Care:

GeoPharma files for bankruptcy reorganization
(DBN)

Linden Ponds skips bond payment
(DBN)

Ultrasound at $59,490 Spurs Aetna Outrage in Suit Naming Doctors
(DBN)

Residents oppose redevelopment of former hospital
(DBN)

County will consider advancing Doctors Medical Center $10 million
(DBN)

Bidder Circles St. Vincent's
(DBN)

Cancer Survival
(DBN)

______________

Aviation:

Japan Airlines to complete court-backed restructuring on Monday
(DBN)

______________

Distressed Investing:

Swelling Distressed-Debt Hedge Funds Scouring For Assets
(DBN)

Stellar Management Makes Distressed Buy
(DBN)

______________

Municipalities:

State Tax Revenues Fell Again in 2010
(DBN)

Corporations and Billionaires Back Michigan’s Emergency Municipal Financial Law
(DBN)

Jerry Brown Heads Towards Tax Plan Defeat
(DBN)

S. California Layoff Fight is Mini-Wisconsin
(DBN)

California unemployment insurance program broke and facing expensive default, auditor says
(DBN)

Michigan first to act as states weigh reductions in unemployment benefits
(DBN)

The Texas budget: A blow to the model
(DBN)

Ill. Treasurer: 'Testosterone' Needed to Solve States' Fiscal Woes
(DBN)

Nevada, again, has the most stressed economy in US
(DBN)

State dominates list of counties under most stress
(DBN)

Moody's Trims Nevada Rating On Lower Financial Flexibility
(DBN)

Scandal-rocked CA city close to having new leaders
(DBN)

3 reasons why munis are still safe
(DBN)

______________

Finance:

Commercial Paper Up On Seasonally Adjusted, Unadjusted Basis
(DBN)

Barclays Gains High-Profile Assignments in U.S. Lending Push
(DBN)

______________

Corporate Reform:

Elizabeth Warren's Role
(DBN)

Helping Main Street
(DBN)

Consumers need a friend
(DBN)

Warren Says Consumer Bureau Foes Should Look at Bank 'Behemoths'
(DBN)
w

Checking the "Fact Check" From CFPB Opponents
(DBN)

Daley, Obama Chief of Staff, Won't Play Role in Consumer Search
(DBN)

______________

Guns:

Unsealed affidavit sheds light on Sabre Defence investigation
(DBN)

______________

Mail:

US Postal Service announces sweeping job cuts, district office closures
(DBN)

______________

Toll Roads:

Southern Connector bankruptcy winds down
(DBN)

______________

Plastics:

Ridgeline Pipe files for reorganization
(DBN)

______________

Ethanol:

Neb. company buys Minn. ethanol plant
(DBN)

______________

Economy:

New Durable Goods Orders Weak
(DBN)

Fed Press Conferences May Hone Message, Risk Volatility
(DBN)

The Fed reality series
(DBN)

New York Fed chief Bill Dudley is just an iPutz
(DBN)

Jobless Claims in US Fell by 5,000 Last Week to 382,000
(DBN)

Fail Bigger Cheaper
(DBN)

Feds: Household wealth down 23 percent
(DBN)

Fed: Family Income Down 18% Post Crisis
(DBN)

Household Balance Sheets and the Recovery
(DBN)

Fed's Duke: Wariness To Spend Suggests Recovery May Take Longer
(DBN)

Gas Makes Consumers Uncomfortable
(DBN)

New Federal Reserve data detail how the recession affected consumer finances
(DBN)

China to Overtake US in 2030, Dominate Trade
(DBN)

Guy on "Who Wants To Be A Millionaire" doesn't know what the renminbi is
(DBN)

Oil futures ease back but hold over $105
(DBN)

Unusual Things I Learned From Warren Buffett
(DBN)

US economic stress dips in past year
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing Becoming Policymakers’ White Whale
(DBN)

Real vs Nominal Housing Prices: United States 1890-2010
(DBN)

New rules for securitization could keep government out of housing
(DBN)

CMBS May See Partial Exemption in New Loan Rules
(DBN)

Freddie Mac tells servicers not to foreclose in MERS name
(DBN)

2006: Fannie Warned on Foreclosure Problems
(DBN)

Four States Consider Legislation Barring Distressed Sales as Comparables
(DBN)

Are Fannie and Freddie Giving Banks Yet Another Bailout by Not Pursuing PMI Claims?
(DBN)

Despite state assistance, foreclosure cases still clogging Palm Beach County
(DBN)

US regulator plans separate foreclosure settlement
(DBN)

Several Democratic AGs to Withdraw from Proposed Mortgage Fraud Settlement; Federal Negotiations in Disarray
(DBN)

Study: Loan Mods Cut Investor Losses
(DBN)

Getting A Mortgage: How The Process Has Changed
(DBN)

Five Questions on the Qualified Residential Mortgage
(DBN)

Delinquencies Fell Faster in January
(DBN)

More consider ditching underwater mortgages
(DBN)

Declining real estate values breed new type of foreclosure
(DBN)

Delay sheriff's sales further, rally urges HUD
(DBN)

Housing Market Optimists Nuts?
(DBN)

Fannie Mae hindering homeowners, while bank reduces principal for veterans
(DBN)

Loan Lockdown: Could Mediation Leave Servicers' Hands Tied?
(DBN)

Couple Accuses Chase of 'Breaking and Entering'
(DBN)

LA court hits Wells Fargo with $3.5 million penalty in discrimination case
(DBN)

Lenders rush to meet Fed's Reg Z rules on loan officer pay
(DBN)

Fitch withdraws ratings on 80 subprime-backed bonds
(DBN)

THP rejects liquidation request
(DBN)

Home builders eschew banks as they work to stage a comeback
(DBN)

Tampa waterfront condo developer files bankruptcy
(DBN)

Global legal war over Russian tycoon's estate snares Fisher Island
(DBN)

Fisher Island Investments Rivals To Square Off In Court Friday
(DBN)

Block 37 Mall Sold to Bank of America
(DBN)

_____________

Autos:

Japan car parts shortage spreads overseas
(DBN)

Downbeat Forecast for Auto Production
(DBN)

Analysts Say Auto Parts Shortages Will Hit US Soon
(DBN)

Auto Industry Impact From Japan Quake, at a Glance
(DBN)

Honda extends Japan shutdown, Toyota to make Priuses
(DBN)

Nissan could move some engine work from Japan to TN
(DBN)

Toyota, Struggling With Part Shortages, to Restart Car Lines
(DBN)

Toyota Expects Interruptions
(DBN)

______________

Retailing:

The Economist's take on Borders bankruptcy: So cold
(DBN)

Store Closing Sales Begin at 26 Newly Announced Borders Locations
(DBN)

Publishers are wary of Borders's revival plan
(DBN)

No Buyers for Barnes & Noble at 60 Cents on Dollar
(DBN)

Best Buy's Net Drops 16% on Declining Sales
(DBN)

______________

Lehman:

Lehman Seeks To Buy Commercial Loan-Backed Notes From Barclays
(DBN)

Judge Clears Lehman To Buy Notes From German Affiliate
(DBN)

Lehman looks to revive Swig's 25 Broad
(DBN)

Even UBS Brokers Were Left Holding the Lehman Bag
(DBN)

Lehman UK Mortgage Bond Ruling May Trigger Default Requests
(DBN)

______________

Fraud:

More on Blankfein’s Odd Little Day With the Criminal-Justice System
(DBN)

Goldman CEO's Testimony Shows the Game Is Rigged
(DBN)

Goldman's Love Affair With Voice Mail
(DBN)

Now We Know Who Wore The Pants In The Rajaratnam/Tipster Relationships
(DBN)

The Raj Watch: Richard Scrushy as Knute Rockne?
(DBN)

Rengan Rajaratnam Couldn't Match Big Brother's (Alleged) Insider Trading Skills
(DBN)

Trial hears Rajaratnam brothers cursing article
(DBN)

Rengan To Raj: "Oh Dude, We're F***ked... It Just Hit The Wall Street Journal"
(DBN)

That was a classy thing Lloyd Blankfein did yesterday at the Raj trial
(DBN)

Why Lloyd Blankfein used to wait at the top of the subway until the last minute
(DBN)

Here's How Raj Told A Colleague, I Don't Want To Hire You Because You're Too Engrossed In Yourself
(DBN)

How Rajaratnam can win: A network of experts
(DBN)

Barry Minkow Charged in Fraud Against Lennar
(DBN)

Financier Stanford Drops Lawsuit Against Officials
(DBN)

Robert Jaffe to judge: Stop third-party lawsuits against me in Madoff case
(DBN)

Recovered Madoff money blocked by appeals
(DBN)

Madoff investors blocked by trustee want a piece of Picower
(DBN)

Osorio's InnoVida companies enter Chapter 11
(DBN)

Calif man facing 25 years in $6M Ponzi scheme
(DBN)

This Ponzi Schemer Pretended To Be A Money Manager For The Belgian Royal Family And Stole $7 Million
(DBN)

How to Tell if You're Talking to a Gov't Informant
(DBN)

Two men sought in Ponzi schemes that bilked people out of $30 million
(DBN)

SEC Sues Petters Connecticut Feeder Fund, Manager Over Alleged Fraud
(DBN)

Uncle Sam Wants Your Money, Not Your Confession
(DBN)

______________

Pensions:

Lawsuit accuses Virginia Beach company of misusing 401(k) money
(DBN)

______________

Accounting:

Healthcare Locums dismisses CFO after accounting probe
(DBN)

BDO Is Not Impressed with KPMG’s Business Tactics
(DBN)

CPAs Acting Out a Scene From Casablanca
(DBN)

______________

Hotels:

Deal to rescue former Downtown Hilton may be near
(DBN)

Hotels: Occupancy Rate improves in Latest Survey
(DBN)

______________

Hedge Funds:

Hedge funds failing to handle choppy markets
(DBN)

______________

Personal Finance:

5 Rules for Winning in the New Economy
(DBN)

______________

Banking:

Bank of America investors to vote on foreclosure review
(DBN)

S.&P. Warns About 'Excessive' Bank Dividends
(DBN)

______________

Mass Transit:

Commuter Bus Operator Kelley Transit Files For Bankruptcy
(DBN)

______________

Food/Beverage:

Harry & David misses bond interest payment
(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 - Service Restored)

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, Rock & Republic, Orchard Brands, Awal: Bankruptcy
(DBN)

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

______________

Sales:

US Bankruptcies Increasingly Catching Eye Of Foreign Buyers
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Lien Priority:

Equitable Subrogation May Permit a Lender to Obtain Priority Over Earlier Perfected Mechanic’s Liens
(DBN)

______________

Book Review:

A nation of lawyers and judges
(DBN)

______________

Compensation:

Think About Sin When Bonuses Are Revealed
(DBN)

______________

Tax:

Massachusetts high court answers tax refund question for 1st Circuit
(DBN)

GE's Strategies Let It Avoid Taxes Altogether
(DBN)

______________

Debt Collection:

Civil Gideon in Collection Cases Would Be ‘Massive’ Change, Lawyer Tells Justices
(DBN)

Supreme Court Weighs Court-Appointed Lawyers in Child Support Cases
(DBN)

Payday Lenders Denounce Collection Practices of Rogue Debt Collectors
(DBN)

______________

Resorts:

Atlantis Owner Said Facing Possible Default on Loan Held by Private Equity
(DBN)

______________

Newspapers:

Gannett Expects 1Q Earnings to Hit Key Target
(DBN)

______________

Baseball:

MLB will pitch new debt limit
(DBN)

______________

Agriculture:

Organic Grain Insolvency
(DBN)

______________

Education:

Colleges that profit, students who don't
(DBN)

______________

Bankruptcy Crimes:

Billings man accused of bankruptcy fraud scheme
(DBN)

______________

Sovereigns:

The World's 15 Biggest Economies And The Risks They Face
(DBN)

IMF Discussing Crisis Lending Pool
(DBN)

______________

UK:

Moody's Threatens To Take Away The UK's AAA Because Growth Is So Lousy
(DBN)

FSA Said to Review Credit-Default Swaps in Market Abuse Probe
(DBN)

UK Rolls the Dice with Tough Austerity Budget
(DBN)

U.K. Delivers Business-Friendly Budget
(DBN)

Budget2011: Big Four clause under the spotlight
(DBN)

Plymouth administrators defer pay
(DBN)

Portugal bailout to cost every British family £300
(DBN)

English Court Aids Australian Court (and Liquidator)
(DBN)

U.K. Retail Sales Decline More Than Forecast on Department Store Plunge
(DBN)

Appointment of Administrators - 24 March 2011
(DBN)

Winding Up Petitions - 24 March 2011
(DBN)

______________

EU:

Portugal woes dominate European summit
(DBN)

Angela Merkel goes rogue
(DBN)

Warren Buffett says collapse of euro not unthinkable
(DBN)

______________

Canada:

PEI leads country in insolvencies
(DBN)

Ex-advisor to PM was close to bankruptcy
(DBN)

The Canada bubble
(DBN)

_____________

Germany:

German Ifo sentiment index falls less than expected
(DBN)

______________

PIIGS:

Fitch cuts Portugal ratings on PM resignation
(DBN)

S&P Cuts Sovereign Credit Rating of Portugal
(DBN)

Portugal and the political perils of austerity
(DBN)

Expectations Rise for Bailout of Portugal
(DBN)

Portugal Said to Need Up to 70 Billion Euros
(DBN)

Portugal Bailout Could Cost $99 to $114B
(DBN)

Portugal bailout not inevitable-OECD head
(DBN)

'Two Down, Two to Go' on Europe Bailouts
(DBN)

Trading on Portugal's Political Crisis
(DBN)

Portugal yields unattractive even at record highs
(DBN)

Portugal debt crisis: David Cameron holds crisis talks with EU leaders
(DBN)

Moody's downgrades debt of 30 Spanish banks
(DBN)

Portugal's Woes Turn Spotlight on Spain
(DBN)

Too big to fail or too small to save?
(DBN)

Irish Economy Shrinks 1.6% as Consumer Spending, Investment, Exports Drop
(DBN)

Ireland's Banks Are Going To Need Another $39 Billion
(DBN)

Soros And Paulson Thinking About Investing In Spanish Cajas, But It May Not Be Such A Good Idea
(DBN)

______________

Japan:

Japan Recovery Getting Better
(DBN)

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

Japan CDS Falls Back But Could Bounce On Reactor Issue
(DBN)

Japan: Possible Breach in Reactor Vessel
(DBN)

Reactor Core #3 Is Probably Damaged; Radiation May Increase; Japan Advises Locals To Flee
(DBN)

Fukushima Raised To Level 6 On INES Scale: Now Officially More "Serious" Than 3 Mile Island
(DBN)

Roach Sees a ‘Powerful’ Japan Rebound Fading to Lost Decade
(DBN)

Japanese Workers Hospitalized for Excessive Radiation Exposure
(DBN)

Radiation scare leaves Tokyo short of bottled water
(DBN)

Vegetable intake restricted after high radiation levels found
(DBN)

Tokyo shoppers scramble for water, other basic necessities following disasters
(DBN)

Radiation Extends Past Zone, New Report Says
(DBN)

Troubled Plant Had High Rate of Problems, Records Show
(DBN)

The Japanese Nuclear Power Crisis Deepens
(DBN)

______________

MENA:

Gaddafi's Air Force Has Been Destroyed
(DBN)

How The US Seized $30 Billion Of Qaddafi's Funds In Just 72 Hours
(DBN)

Is Gadhafi's Gold The Reason For The War We Wage?
(DBN)

Shady Dealings Helped Qaddafi Build Fortune and Regime
(DBN)

No U.S. Forces on the Ground in Libya… Except For Those Guys.
(DBN)

US Suggests Gadhafi Aides Exploring Way Out Of Crisis
(DBN)

Yemen's President Nears Deal to Resign
(DBN)

At Least 25 Syrian Protesters Killed by Police
(DBN)

Hundreds of Jordanians set up protest in capital
(DBN)

Protests Begin In Syria, Yemen And Bahrain
(DBN)

Canada Freezes Mubarek Assets
(DBN)

______________

Hungary:

Expert says 10% of Hungarian hotels may soon go bankrupt
(DBN)

______________

Mexico:

Funds Balk At Vitro US Unit's Bid To Borrow More From Parent
(DBN)

______________

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Copyright 2011