March 3, 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:

Kasowitz Benson Reaps Borders' Bankruptcy Cash; More Firms on the Case
(DBN)

Howreying for the Exits: More Partner Departures, and Bootcamp Gets the Boot
(DBN)

Who Will Milk Fees From Howrey's Mammoth Antitrust Case?
(DBN)

Bonus Watch: WilmerHale Jumps Into Merit-Based Spring Bonuses
(DBN)

Record High Partner Profits for Baker Botts in 2010
(DBN)

Foley & Lardner Partner Sues Firm, Attaches Partnership Agreement to His Complaint
(DBN)

Foley & Lardner Sued for Bias, Breach of Contract by Founding Detroit Partner
(DBN)

Supreme Court Rules First Amendment Protects Westboro’s Funeral Protesters from Tort Suits
(DBN)

5 New Partners Discuss What It Took to Reach Career Milestone
(DBN)

Administrator for Law Firm Portrayed in ‘Erin Brockovich’ Has 50K Twitter Followers
(DBN)

The power game
(DBN)

Attention Shoppers
(DBN)

Web Of Apparent Lies Brings Down Attorney
(DBN)

Dodgers Owner McCourt's Ex-Wife Seeks Documents on Baseball Team Finances
(DBN)

Will Other Global Firms Follow Clifford Chance to Oz?
(DBN)

Trainee Retention Rate at UK Top 30 Firms Rises Over Last Year
(DBN)

Small Firms, Big Lawyers: Don’t Be an Extension D-----
(DBN)

Time to Purchase the iPad 2?
(DBN)

The Future of Legal Education: Stop Resisting and Get Creative
(DBN)

Law Schools That Will Get You Into Biglaw On The Cheap
(DBN)

Jokes / Torts 101: A Woman, A Banana Peel, And…?
(DBN)

Defense Lawyer’s Effort to Discredit Informant By Arranging Drug Buy Gets Attorney Convicted
(DBN)

The Top 5 Steps for Delousing Your Law Firm :))
(DBN)

Sheen: "I'm More Famous Than Obama!"
(DBN)

Couple In Cuffs After Facebook Defriending
(DBN)

Police Dog Alerted To Crack
(DBN)

Mug Shots
(DBN)

Teen Burglar Kills Goldfish Because He Didn't Want To Leave Any Witnesses, Cops Say
(DBN)

______________

Judges:

Fees Could Keep Courts Open for a Few Weeks in a Government Shutdown
(DBN)

Kansas Appeals Court Tells Lawyer His Oft-Repeated Argument Is ‘Legally Vacuous’
(DBN)

Judiciary Scales Back Budget Proposal, Raises Possibility of Layoffs
(DBN)

Supreme Court justices are talking more
(DBN)

Round 2: The Goodwin Liu Confirmation Slugfest
(DBN)

Did DA, When Formerly Serving as Judge, Inflate Trial Stats via ‘Pick-and-Plea’ Technique?
(DBN)

______________

Wall Street:

Stock index futures point to early gains
(DBN)

Strong Jobs Report Pushes Shares Higher
(DBN)

Stocks manage gains
(DBN)

SEC Proposes Slashing Wall Street Pay
(DBN)

Judge Unexpectedly Imprisons Goldman Programmer
(DBN)

Goldman Evokes Blood Sucking Leeches
(DBN)

______________

Layoffs:

Private sector added 217,000 jobs in February
(DBN)

Announced U.S. Job Cuts Rose 20% From Year Ago
(DBN)

Job Cuts Reach An 11-Month High Of 50,702
(DBN)

Wage Growth Picks Up to Two-Year High
(DBN)

Agencies Fine and Sue Companies That Purported to Aid Jobless
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Gambling:

California's Indian casinos slowly recovering from recession
(DBN)

In a first for Indian casinos, revenue has fallen
(DBN)

______________

Textbooks:

Nebraska Book Said to Weigh Bankruptcy as Debt Maturities Loom
(DBN)

______________

Food/Drink:

Supplements Maker Eniva Files for Chapter 11
(DBN)

Gas City Owner Looks To Sell Creamery Ice Cream Chain To Son
(DBN)

Parmalat Net Income Falls on Declining Settlements; Proposes Bonus Shares
(DBN)

______________

Municipalities:

Alabama county in talks to hire turnaround firm
(DBN)

Debt-Laden Jefferson County Near Hiring FTI Consulting
(DBN)

Beleaguered Idaho County Seeks Chapter 9 Protection
(DBN)

Boise County Says Bankruptcy is Only Option
(DBN)

Cities For Rent And For Sale
(DBN)

Vallejo retirees speak up about bankruptcy plan
(DBN)

Massachusetts Recovery Jittery
(DBN)

When Governors Say No to Federal Crack
(DBN)

The Hollow Cry of ‘Broke’
(DBN)

Bernanke: No Quick End to State Budget Woes
(DBN)

GOP: Health Overhaul Will Cost States $118B
(DBN)

Johnny Can't Read Teacher's Plush Contract
(DBN)

Why You Should Stop Worrying And Love Muni Bonds
(DBN)

Roubini Says Get Out Of Municipal Bonds
(DBN)

For Muni-Bond Market, Calm After Storm
(DBN)

How Big Is the Pension Funding Gap?
(DBN)

State Tax Breaks For Seniors On The Chopping Block
(DBN)

______________

Video Rentals:

Blockbuster Judge Calls Sale Proposal 'Aggressive'
(DBN)

Blockbuster Creditors Agree to Standstill on Opposition to Sale Proposal
(DBN)

Blockbuster Should Liquidate Instead of Reorganize
(DBN)

______________

Trucking:

Fitch set to downgrade YRC Worldwide
(DBN)

______________

Health Care:

Men may be facing a depressing future
(DBN)

______________

Small Business:

Why Wall Street Lobbyists Want to Scare Small Businesses
(DBN)

______________

Tax:

Credit Suisse Banker Bagios Denied Release From U.S. Custody in Tax Case
(DBN)

House To Vote On 1099 Repeal Bill
(DBN)

DOJ Targets ‘Visionary Tax Attorney,’ Says Calif. Lawyer Is Promoting Illegal Tax Shelters
(DBN)

______________

Student Debt:

Disabled Former Cop in Student Loan Story Gets Her Debt Forgiven
(DBN)

______________

Accounting:

Big Four domination creates dearth of expert witnesses
(DBN)

______________

Ticketing:

Fort Worth ticket broker Ticket Stock files for bankruptcy
(DBN)

______________

Economy:

Bernanke under fire again on Capitol Hill
(DBN)

Highlights: Bernanke's testimony to House panel
(DBN)

Fed's 'beige book' shows improvement in US economy, moderate growth
(DBN)

Fed Reports Growth in All Parts of US
(DBN)

US Business Under Pressures to Raise Prices
(DBN)

Factory Orders Outpace Inventories
(DBN)

Bernanke Doesn't Rule Out More Bond Buying to Aid Economy
(DBN)

Poll: Support Lacking for Entitlement Reductions
(DBN)

Poll Shows Budget-Cuts Dilemma
(DBN)

Is the New York Fed Making a Big Mistake?
(DBN)

It's time to end the party of easy money
(DBN)

US crude ends near 2-1/2 high on Libya fighting
(DBN)

Oil Prices are Too High. Period
(DBN)

IEA: The Age of Cheap Oil is Over
(DBN)

Lack of Information, Not Oil, Driving Prices
(DBN)

Ally Begins to Repay Bailout as Treasury Prices $2.7B TruPS Stake
(DBN)

MetLife securities sale will expedite AIG payments to Treasury: AIG
(DBN)

Investors pull billions from emerging markets
(DBN)

Obama administration sees unsettled home prices keeping market down
(DBN)

Long Live the American Dream
(DBN)

What Global Markets Say About U.S. Default Risk
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Pilot Program Aims to Promote Representation in Foreclosures
(DBN)

Feb House Price Fall Biggest in a Year
(DBN)

Treasury, HUD Lobby to Save Foreclosure Prevention Programs
(DBN)

Treasury spends 3% of HAMP funds as of February
(DBN)

Big Banks Say MERS Mortgage Database Draws Probes
(DBN)

Foreclosuregate settlement: Is $20 billion too much or too little?
(DBN)

Officials Disagree on Penalties for Mortgage Mess
(DBN)

The Foreclosure Fraud Settlement
(DBN)

Is the Foreclosure Fraud Settlement Overbroad?
(DBN)

Bank of America to write down mortgages under Hardest Hit Fund
(DBN)

Community banks push back on mortgage market reforms
(DBN)

Lander Introduces Bill Requiring Banks to Post Bonds on Foreclosed Homes
(DBN)

Prime loans sour
(DBN)

Fannie directs servicers toward new foreclosure attorneys, away from trustees
(DBN)

Obama Administration Defends Housing Bailout
(DBN)

White House plan to help borrowers could die in House
(DBN)

House members spar over efforts to avert foreclosures
(DBN)

Foreclosure For Sale: $7
(DBN)

Is Requiring 20 % Down on Mortgages Too Much?
(DBN)

Homebuilders Will Be Hurt by 20% Down Payment Rule
(DBN)

Lenders holding back critical information at mediations
(DBN)

Motion to liquidate THP assets withdrawn
(DBN)

Three more Wunsch partnerships in bankruptcy
(DBN)

CMBS delinquency slows most since financial crisis, still hits record high
(DBN)

The Multifamily CMBS Paradox
(DBN)

For Distressed Investors, There is No Where To Go But Up
(DBN)

Three Deals that Capture the Current State of Distressed Investing
(DBN)

A Statistical Look at Distress Levels
(DBN)

Regulators Reassure Lawmakers That Banks' CRE Distress Has Not Hit a Tipping Point
(DBN)

San Francisco Office Market Rebounds
(DBN)

_____________

Autos:

Old GM comes to end of road
(DBN)

Auto Heads See China Fast Growth Risks
(DBN)

Canadian Judge Clears Way for Ex-Dealers to Sue GM
(DBN)

______________

Fraud:

UBS Says Madoff Trustee Might Make Privacy 'Illusory'
(DBN)

The Next Test for the Madoff Trustee
(DBN)

Madoff’s Dirty Money
(DBN)

Report: Mets owners face more Madoff allegations
(DBN)

Madoff Investor Sues U.S. for Negligence, Seeks $270,000
(DBN)

Court gestures
(DBN)

Ex-Colonial Bank exec pleads guilty in fraud case
(DBN)

The £1bn-plus HBOS Fraud Investigation That Lloyds Keeps Trying to Brush Under the Carpet
(DBN)

Potential Raj Jurors In Court To Fill Out ‘Hardship’ Questionnaires
(DBN)

Raj Rajaratnam Did Not Appreciate Having An Employee Question His Goldman Inside Information
(DBN)

Insider Trading Suspect Jiau Ordered Jailed Because of Risk She Would Flee
(DBN)

Hecker broke, jailed — and married?
(DBN)

Celeb Ponzi schemer Kenneth Starr sentenced to 7 1/2 years in prison
(DBN)

______________

Private Equity:

Battered Bonds a Berkshire Blemish
(DBN)

______________

Mail:

Postal Service Faces Financial Crisis, GAO Warns
(DBN)

Regulators work overtime on USPS bid to drop Saturday delivery
(DBN)

______________

Compensation:

SEC Backs Rule That Would Delay Executive Bonuses
(DBN)

BP Withholds Majority of 2010 Bonus Payments
(DBN)

______________

Retailing:

Borders seeks more time to decide which leases to keep
(DBN)

Retailer Loehmann's making a fresh start
(DBN)

Lack's store-closing sales take in $35 million
(DBN)

Gahanna's Creekside Facing Foreclosure
(DBN)

______________

Lehman:

Lehman Execs Strike $2M Settlement With American Eagle, Tribe
(DBN)

“Flip” flap II: uncertainty in derivatives markets caused by the Lehman bankruptcy court’s decision will continue
(DBN)

There but for the Grace of Lehman…
(DBN)

______________

Mobile Homes:

Fleetwood closer to Palm Harbor purchase
(DBN)

______________

Derivatives:

The impact of CDS on restructurings
(DBN)

The big deal about the NYSE's big deal: Derivatives
(DBN)

______________

Debt Collection:

Woman Crushed To Death By Own Car -- Trying To Stop Repossession
(DBN)

______________

Celebs:

Creditors could win from Michael Vick contract
(DBN)

Many NFL Players Live Paycheck to Paycheck
(DBN)

Celebrity Accountant Heads to Jail
(DBN)

Jailed Wesley Snipes Appeals His Tax Convictions To The Supremes
(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:

Through the Looking Glass With Ambac
(DBN)

Rules Won’t ‘Squeeze Out’ Mortgage Insurers
(DBN)

A.I.G. Fetches $9.6 Billion for MetLife Holdings
(DBN)

______________

Bankruptcy Statistics:

WD TX bankruptcy filings inch up
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Substantive Consolidation:

Bankruptcy Court for the Southern District of New York Offers Practical Solution in Substantive Consolidation Conundrum
(DBN)

______________

Corporate Reform:

Elizabeth Warren still worried about banking system
(DBN)

GOP warming to Elizabeth Warren
(DBN)

Does Industry Cry Wolf on Regulations?
(DBN)

Wait Until CFPB Director is Confirmed to Issue Rules say Business Groups
(DBN)

Making The Case For Elizabeth Warren
(DBN)

Why Barofsky Mattered
(DBN)

On way out, TARP watchdog takes a few more jabs at Timothy Geithner
(DBN)

A Straightforward Criminal Case Against Wall Street CEOs and Senior Executives
(DBN)

Dodd-Frank: SEC Goes After Big Game
(DBN)

Private Equity’s ‘Get Out of Jail Free’ Cards
(DBN)

Hedge Funds, Brokers May Face Fresh Calls for Risk Data
(DBN)

______________

Banking:

SEC Probes Bank-Loan Practices
(DBN)

Honesty for Banks Is Still Such a Lonely Word
(DBN)

A Test Where the Banks Had the Questions and the Answers
(DBN)

What’s Behind Banks New Legal Risk Disclosures
(DBN)

______________

Mass Torts:

Gone Fishin’? Lawyers Say You May Qualify For a Check from BP
(DBN)

______________

Satellites:

Harbinger Offer Sets Back DBSD $1.1 Billion Sale To Dish Network
(DBN)

DBSD Judge Postpones Hearing on Dish Deal After Rival Bid
(DBN)

______________

Sales:

The limits of Section 363(f) to protect buyers from successor liability
(DBN)

______________

Non-Profits:

New York Bankruptcy Case Leads to 9/11 Charity Partnership
(DBN)

______________

UK:

Bank of England: Anger at Banks is Justified
(DBN)

Banks write off 25% more debt
(DBN)

Crisis Deepens At Struggling Music Retail Chain HMV
(DBN)

Winding Up Petitions - 2 March 2011
(DBN)

U.K. Construction Expanded at Fastest Pace in Eight Months in February
(DBN)

U.K. services growth slows in February, PMI shows
(DBN)

U.K. House Prices Fall as Supply of Properties Surges Most in Three Years
(DBN)

KPMG arranges second CVA at JJB Sports
(DBN)

JJB Sports Offers Landlords Sop to Back Rescue Plan
(DBN)

______________

EU:

March Madness for EU Summits
(DBN)

ECB reviews bank support, to talk tough on inflation
(DBN)

Euro-zone retail sales rise 0.4%; GDP unrevised
(DBN)

Trichet Faces Oil Shock That May Damp Growth, Fuel Inflation
(DBN)

Merkel Digs In on Bailout Terms as Discord Mars EU Crisis Talks
(DBN)

______________

Canada:

Ponzi scheme renews calls for national securities regulator
(DBN)

Fortress Energy says CRA's demand for $9 million pushed it to seek protection
(DBN)

______________

Germany:

Projected Reform of German Insolvency Law: Recapitalization instead of Liquidation of Companies?
(DBN)

German Retail Sales Increases for a Second Month as Unemployment Declines
(DBN)

______________

Middle East:

US mulling military options in Libya
(DBN)

The Legal Implications of Military Intervention in Libya
(DBN)

Libya : Could a Military Intervention Backfire?
(DBN)

Concerned neighbors warn against foreign intervention in Libya
(DBN)

Some Libyans Want Foreign Intervention
(DBN)

Qaddafi Vows to Fight to the 'Last Man'
(DBN)

Panic on borders
(DBN)

Rebels rout Gadhafi force attack on oil port
(DBN)

Gadhafi Forces Bomb Rebel-Held Oil Town
(DBN)

Rebels Weather Qaddafi's Bombs, Seek Foreign Airstrikes
(DBN)

Qaddafi's African Dream in Tatters as Net Tightens Around `King of Kings'
(DBN)

Astonishing wealth of Gaddafi and his family revealed
(DBN)

Gates: Libyan no-fly zone means attacking Libya
(DBN)

China Signals Potential Opposition to No-Fly Zone Over Libya
(DBN)

Top US officials cautious on Libya no-fly zone
(DBN)

Libya : Spending oil money across the globe
(DBN)

Libya's Billions Invested In US Private Equity, Big Banks
(DBN)

Oil Declines Most in a Week on Arab League's Libya Crisis Resolution Plan
(DBN)

Dubai Stocks Extends Drop on Concern Mideast Unrest May Spread
(DBN)

Egypt Prime Minister Resigns
(DBN)

Mubarak Hospitalized in Saudi Arabia
(DBN)

The Reported Truce In Yemen Is Falling Apart As Details Of The Plan Reach The Protesters
(DBN)

Saudi King’s $15 Billion Housing Grant Won’t Eliminate Shortage
(DBN)

______________

PIGS:

New Government Will Have To Abide By Deal, Says Rehn
(DBN)

Department Repeated Warnings About Risks To Economy
(DBN)

Portugal, Greece Ratings Kept on Negative Outlook by S&P on Debt Concerns
(DBN)

Rogoff Says Debt Restructuring ‘Inevitable’ in Greece, Ireland
(DBN)

Young, Greek and unemployed
(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