March 29, 2011

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

 

Law:

Bonus Watch: Proskauer Rose Will Pay Spring Bonuses
(DBN)

Bonus Watch: Kirkland & Ellis Announces Spring Bonuses!
(DBN)

Cahill Gordon Partner’s Mysterious Departure
(DBN)

March Madness: The Weil Bankruptcy Blog’s Elite Eight
(DBN)

The Adorno & Yoss Implosion
(DBN)

Crash and Burn: A National Firm Spirals to Its Death
(DBN)

Adorno Yoss Requiem
(DBN)

South Fla. New Partners 2011: A Tougher Hurdle to Clear
(DBN)

Is BigLaw Still an Option?
(DBN)

BP Gulf Coast Firm Earns $1.25M a Month
(DBN)

2 Ex-Partners Battle Former Law Firm Over 300 Allegedly Swiped Case Files
(DBN)

Clifford Chance's Popham joins Citigroup
(DBN)

Latham Gets New DC Managing Partner
(DBN)

In-House: In Praise of Cronyism
(DBN)

Small Firms: Beware the Uberclient
(DBN)

Supreme Court to Hear Whether Millions of Female Employees Can Sue Walmart
(DBN)

Bankruptcy lawyer "restored" to case
(DBN)

Lawyer Apologizes to His Wife, a Judge, for Pressuring Ex-Client to Have Sex with Her
(DBN)

Former DA accused of 'sexting' won't face criminal charges
(DBN)

More on PayScale Salary Data
(DBN)

LSAT! Huh! Good God y'all! What is it Good For?
(DBN)

Missouri Law Dean Criticizes US News Rankings After His School Takes Another Hit
(DBN)

Law Firm Ad Achieves Pinnacle of Bad Taste (And It’s Not Even True)
(DBN)

NY Jail Tries New Revenue Option: Televised Lawyer Ads Next to Booking Area
(DBN)

Charlie Sheen Judge Sets Date for Key Hearing in $100 Mil Lawsuit
(DBN)

Arbitrator Chosen to Handle Charlie Sheen Case
(DBN)

______________

Judges:

Hevesi Judge Rejects Claim of Conflict, Says He'll Move Sentencing Anyway
(DBN)

Retiring Bankruptcy Judge John C. Ninfo won't end his financial-literacy efforts
(DBN)

Husband of Judge Pleads Guilty
(DBN)

Scalia's Son Says He Takes Smaller Cut as BigLaw Partner So Dad Doesn't Have to Recuse
(DBN)

Federal Courts Worry Your Smartphone Might Be a Bomb
(DBN)

Inside the Mind of Justice Kennedy
(DBN)

Here's Your Chance to Complain About PACER!
(DBN)

Chevron’s Ecuadorean Battle Gets New Judges
(DBN)

New Cuomo Budget Could Lead to Court Layoffs
(DBN)

'Hundreds' of Layoffs Loom as NY Judiciary Prepares to Slash Another $70 Million
(DBN)

______________

Wall Street:

Stock index futures point higher, data eyed
(DBN)

Wall St ends lower in year's lightest volume
(DBN)

Perfidious Goldman
(DBN)

______________

Layoffs:

“More with less” comes at a price
(DBN)

Unemployment's Rising Toll on Families
(DBN - NY Times - Paywall Limit Possible)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Lehman:

Lehman Finance Loses UK Lawsuit Seeking to Force Swaps Payment
(DBN)

______________

Debt Collection:

Minn. AG accuses debt buyer of chasing wrong folks
(DBN)

Minnesota AG Says Giant Debt Buyer Defrauded Consumers
(DBN)

Minnesota accuses Encore Capital of robo-signing
(DBN)

______________

Credit/Debit Cards:

Wells Fargo May End Debit Rewards Entirely
(DBN)

More Bogus Lobbying Numbers from the Banks: Debit Interchange Rates
(DBN)

______________

Fraud:

Rajaratnam Arrest Led Rengan to Take Notebooks, Smith Says
(DBN)

Rajiv On Raj: "He's A Lot Smarter Than I Am, Even Today"
(DBN)

Can Rajaratnam Beat the Rap? Probably Not
(DBN)

Two Reasons the Raj Defense Team Is Nervous
(DBN)

A Little Perspective For Raj Rajaratnam: It Could Be Worse (You Could Be Barry Bonds)
(DBN)

Rajaratnam Defense Questions Value of Insider Tips
(DBN - NY Times - Paywall Limit Possible)

Galleon prosecutors move to new ground
(DBN)

A Prosecutor's Love Of Water Sports May Be The One Thing To Save Raj
(DBN)

Judge denies NJ move to reopen long-running Brennan bankruptcy case
(DBN)

Roanoke Businessman Pleads Guilty in Federal Court
(DBN)

Garage sale at Scrushy's former estate nets $160K
(DBN)

How was $250 million investment in Westpoint Stevens lost?
(DBN)

Fair Finance trustee renews call for return of political donations
(DBN)

SEC says hedge fund manager helped Petters fraud
(DBN)

SEC Gets Order Freezing Petters Settlement Money
(DBN)

Ex- Enron Broadband Executive Sentenced for Insider Trading
(DBN)

Connecticut Hedge Fund Manager Charged in $3.5 Billion Ponzi
(DBN)

SEC freezes assets of Utah man accused of masterminding $47 million Ponzi scheme
(DBN)

Operators of Fake Hedge Fund in New York Sentenced to 87 Months in Prison
(DBN)

Asset freeze: USA SFC 20110328
(DBN)

______________

Autos:

Deutsche Bank: Japan Automakers to Suffer
(DBN)

Dealers Shift Gears as Inventories of Made-in-Japan Cars Run Low
(DBN)

Who wants a union? Not Southern autoworkers
(DBN)

______________

Aviation:

Airlines fail in latest fare-hike attempt
(DBN)

Airline Mexicana Sees Extension To Bankruptcy Protection
(DBN)

JAL leaves court care smaller and less independent
(DBN)

JAL exits court-backed rehab but not out of woods yet
(DBN)

Cameroon's national airline resumes operation
(DBN)

______________

Tax:

Bank of America rapped over no taxes
(DBN)

General Electric Turns to Twitter to Defend Its Tax Practices
(DBN)

IRS cracks down on millionaires
(DBN)

______________

Book Reviews:

Altman's 'Corporate Financial Distress and Bankruptcy'
(DBN)

______________

Baseball:

Former Texas Rangers' Co-Owner Chuck Greenberg Talks
(DBN)

______________

Politics:

Will bankruptcy shaming become commonplace?
(DBN)

_____________

Bankruptcy Crimes:

Woman who swindled nanny set for June bankruptcy fraud trial
(DBN)

______________

Sports:

Sports Stadium bonds in trouble?
(DBN)

______________

Golf:

Foreclosure planned for all 27 holes at Vista Meadows
(DBN)

______________

Economy:

Dying Banks Kept Alive Show Secrets Fed’s Loan Data Will Reveal
(DBN)

Fed should not curtail bond buys : officials
(DBN)

Fed's Bullard Says QE2 Exit Debate Likely 'Key' 2011 Issue
(DBN)

Fed may tighten before global risks fixed - Bullard
(DBN)

Chicago Fed's Evans: Not at exit point yet
(DBN)

Goldman, BofA Merrill warn U.S. economy is losing momentum
(DBN)

Consumer Spending, Incomes Rose in February
(DBN)

Consumer Spending Up, Rising Food Costs To Blame
(DBN)

How Much Of February's Spending Growth Was Just Transfer Payments From The Government?
(DBN)

Does February's Increase in Spending Suggest a Doomed Recovery?
(DBN)

Texas Manufacturing Activity Strengthens Further
(DBN)

Durbin: Social Security May Doom Debt Deal
(DBN)

Government Shutdown Grows Likelier
(DBN)

Democrats, White House Said to Back $20 Billion of Additional Budget Cuts
(DBN)

Oil Supply Rises to Three-Month High in Survey
(DBN)

Real Reason Gas Prices are Soaring
(DBN)

U.S. Crisis Was Worse Than 1930s, Ex-Fed Governor Mishkin Says
(DBN)

'Stimulus Loan' and State Money Used for Slavery, Workers Say
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Pending home sales rise in February
(DBN)

13% of All US Homes Are Vacant
(DBN)

Vacant homes in South Florida nearly double over past 10 years
(DBN)

Housing prices slide to continue
(DBN)

New rules on mortgage securities set for vote today
(DBN)

Cash-Paying Vultures Feast on US Housing as Mortgages Dry Up
(DBN)

Chase Sues Its Former Foreclosure Counsel, Seeks Turnover of Files in $400M Worth of Cases
(DBN)

Judge Chides Harvard Law Grad re 'Garbled' Pro Se Foreclosure Filing
(DBN)

Illinois judge stays 1,700 Fisher and Shapiro foreclosure cases
(DBN)

Judge orders Philly sheriff's sales to resume
(DBN)

Bank of America Board Sued by Shareholders Over Mortgage Recording Defects
(DBN)

LPS: Huge Backlog of Foreclosures, Option ARM Foreclosures Skyrocket
(DBN)

Principal Reduction Mods--Greatly Exaggerated?
(DBN)

Bank of America set to write down principal on California mortgages
(DBN)

'Dreamed up' cash for keys proposal draws heavy criticism
(DBN)

A case for home loan modifications
(DBN)

US Treasury to Grade Mortgage Servicers on Loan Modifications
(DBN)

Foreclosure settlement update: Bank officials summoned
(DBN)

Banks Offer Own Mortgage-Servicing Plan
(DBN)

Housing Will Recover. But When?
(DBN)

World events affect your mortgage rate
(DBN)

Neutron Loans hit California City
(DBN)

Ongoing MERS lawsuits may hurt current RMBS
(DBN)

The Sandbagging of Elizabeth Warren (and 49 State Attorneys General)
(DBN)

FHA slow to flag problem lenders, stop them
(DBN)

Judge rules Syncora can use loan pool to fund EMC putback lawsuit
(DBN)

Chase Loses Court Ruling on Loan Pullbacks
(DBN)

IMARC CEO says government, borrowers contribute to housing headache
(DBN)

Electronic mortgages: There is a way, but not enough will, tech panel finds
(DBN)

Embattled developer Justin French files for bankruptcy
(DBN)

Big Banks Save Billions As Homeowners Suffer
(DBN)

One Sign That The Housing Bust Could End Soon
(DBN)

Homebuilders pin hopes on retiring Baby Boomers
(DBN)

Lennar Swings to Surprise Profit, Margins Improve
(DBN)

'Kill Them, Bury Them': The Rise Of Fannie And Freddie
(DBN)

Self-Fulfilling Prophecy: The Bailout Of Fannie And Freddie
(DBN)

What's Next: Life After Fannie And Freddie
(DBN)

GOP bills aim to get US out of mortgage system
(DBN)

5 Ways the Government Screws Up Housing Finance
(DBN)

FDIC's plan for 'skin-in-the-game' loans
(DBN)

Fannie, Freddie Loans Deemed 'Safe' Under Mortgage Rules
(DBN)

Lenders Said to Get Exemption Option Under Risk-Retention Rule
(DBN)

_____________

Food/Beverage:

Harry & David Bankruptcy: Everything You Need to Know
(DBN)

Harry & David, Overpriced Fruit Basket Delivery Company, Declares Bankruptcy
(DBN)

Community feels ripples through the fall of local business giant
(DBN)

Enjoying the fruits of H&D's Chap. 11
(DBN)

What a pair: Harry & David and Wall Street
(DBN)

Harry & David to terminate DB plan
(DBN)

Harry & David hands control to bondholders
(DBN)

Harry & David Bankruptcy Filing Creates Ripple Effects
(DBN)

______________

Municipalities:

Caterpillar CEO: Illinois budget hurts business
(DBN)

The Right Picks Up Meredith Whitney's Frayed Banner
(DBN)

______________

Retailing:

Orchard Brands Lines Up New $90 Million Bankruptcy-Exit Loan
(DBN)

LV: Two retail development owners file for bankruptcy
(DBN)

Borders May Close Sooner as Shelves Picked Bare
(DBN)

Borders Liquidators Race Clock, Squeeze Cash From Doomed Stores
(DBN)

______________

Photography:

Famed Polaroids Find Their Place in Vienna
(DBN)

______________

Health Care:

O.C. health firm emerges from bankruptcy
(DBN)

Verdugo Mental Health says its bankrupt
(DBN)

In Rare Move, New York's North General Hospital Will Get Chapter 11 Trustee
(DBN)

Study Finds Conflicts Among Panels’ Doctors
(DBN)

______________

Alternative Energy:

Pacific Ethanol reports $11.6M loss in fourth quarter
(DBN)

______________

Avoidance Actions:

Trustee: In talks with Daniels over Durham money
(DBN)

______________

Pensions:

The Perils of Nonqualified 'Top-Hat' Plans: Feinberg v. Rand McNally
(DBN)

______________

Compensation:

Warren Buffett criticizes U.S. executive pay
(DBN)

______________

Celebs:

Dallas Cowboy Dez Bryant Sued Over $246,000 Jewelry Bill
(DBN)

______________

Hedge Funds:

For Sale: Illiquid Assets, Hard to Value
(DBN - NY Times - Paywall Limit Possible)

______________

New Bankruptcy Opinions
(1 new opinion 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:

GSC, Partsearch, Point Blank, Extramarital Affairs: Bankruptcy
(DBN)

______________

Insurance:

Judge Rakoff Again Criticizes SEC Settlements, How Will D&O Insurers Respond?
(DBN)

______________

Bankruptcy Statistics:

Southern California bankruptcy filings hit record high
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Consumer Bankruptcy:

The Consumer Bankruptcy Fee Study
(DBN)

______________

Mass Torts:

Rust-Oleum Maker to Pay to End Asbestos Suits, Lawyer Says
(DBN)

Dogged by asbestos claims, UGL files for bankruptcy
(DBN)

Liability Issues Abound in Oil Spill Cases
(DBN)

BP Managers Said to Face U.S. Manslaughter Charges Review
(DBN)

______________

Sales:

Best Buy wins auction for parts firm that overbilled it by $5.9M
(DBN)

______________

Bankruptcy Bonuses:

Why Borders Call for Fat Executive Bonuses Is Absurd
(DBN)

______________

Corporate Reform:

GOP bill amending new consumer bureau gets key endorsement
(DBN)

Hostile chamber
(DBN)

CFTC's Chilton Says Global Swaps Markets Face Risk of `Race to the Bottom', 'Regulatory Arbitrage'
(DBN)

Wall Street Reg Reform May Cost $1 Billion
(DBN)

CFPB to Start Big
(DBN)

Appeals court upholds US whistleblower law secrecy
(DBN)

Berkshire Wrote Down US Bancorp, Swiss Re After SEC Query
(DBN)

The Department of Justice: Indicting Immigrants,Ignoring Wall Street Crooks
(DBN)

______________

Hotels:

W Hotel in Boston sold to Pebblebrook REIT
(DBN)

Sawgrass Marriott owners get extension on filing Chapter 11 plan
(DBN)

Marriott Forecasts Weak Revenue, Hotel Stocks Take Beating
(DBN)

San Marcos owners file for bankruptcy protection
(DBN)

______________

Resort:

Daufuskie Island resort parceled off to creditors
(DBN)

______________

Media:

Tribune creditors propose revised bankruptcy plan
(DBN)

______________

Fashion:

Arthur Mendonça was broke, but he’s certainly not broken on the final day of Rogue Fashion Week
(DBN)

______________

UK:

Danger that new HMRC power could tip businesses into insolvency
(DBN)

Lloyds Said to Hire JPMorgan, Citigroup for Branches Sale
(DBN)

UK: Insolvency Service reforms helps more vulnerable people trapped in debt
(DBN)

Preliminary Report to the UK Insolvency Service into Outcomes in Company Voluntary Arrangements
(DBN)

UK growth revised up to -0.5% for end of 2010
(DBN)

Pensions excluded in revised insolvency rules
(DBN)

Ransom payments hold back business rescues
(DBN)

AssetCo pays back one creditor
(DBN)

Appointment of Administrators - 28 March 2011
(DBN)

Winding Up Petitions - 28 March 2011
(DBN)

______________

EU:

European Bank Funding Threatened as Basel III Meets Solvency II
(DBN)

______________

Canada:

Housing Booms North of the Border
(DBN)

______________

PIIGS:

Portuguese Bailout Costs More Than Money Alone
(DBN)

European Markets Slide, While Portuguese Yields Continue Marching In One Direction
(DBN)

Greece's Surging Unemployment May Become ‘Bomb’ to Society, Minister Says
(DBN)

______________

MENA:

Oil slides to $104 as rebels take Libyan ports
(DBN)

Gadhafi's Hometown Braces for Rebel Attack
(DBN)

Italy plots Gaddafi's escape route as diplomats meet
(DBN)

In Syria, 61 Dead Since Uprising Began
(DBN)

Lines drawn between WH stance on Libya, Syria
(DBN)

Saudi Women Inspired by Fall of Mubarak Step Up Equality Demand
(DBN)

______________

Japan:

Fatal Radiation Detected Outside Damaged Japanese Reactor
(DBN)

Electricity in Japan may not be back to normal for months
(DBN)

The Japanese Electrical Grid: A Major Problem for Economic Recovery
(DBN)

Nikkei falls as nuclear worries weigh, TEPCO hit by sell orders
(DBN)

TEPCO CEO Hasn't Been Seen In Weeks, And There Are Rumors He Has Fled Or Committed Suicide
(DBN)

Kan Slams Tepco’s Tsunami Defense, Says Radiation Localized
(DBN)

Plan to nationalize TEPCO being floated within Japan govt
(DBN)

Japan's Nuclear Crisis: Moody's Reviews Eight Utilities for Possible Downgrades
(DBN)

Tepco Chief Pressured to Quit After Costing Holders $29 Billion
(DBN)

Crisis of confidence for Japan's government
(DBN)

Japan Finds More Foods Tainted By Radioactive Material
(DBN)

Radioactive Water Extends One Mile Into Ocean
(DBN)

Pet survivors face post-tsunami struggle
(DBN)

______________

Czech Republic:

Czech court puts lottery Sazka into insolvency
(DBN)

______________

Argentina:

Argentine Bank Not Liable For $2.2B Judgments: Judge
(DBN)

______________

China:

China bank regulator warns of property bubble risks
(DBN)

A Stunning Look At China's Ghost Cities
(DBN)

______________

 

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-lumn newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).

 

Copyright 2010