March 4, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Paul Hastings Consolidates Regular and Spring Bonus News Into One Moneymongous Announcement
(DBN)

2 Howrey Partners Say They Waited As Long As They Could Before Heading for the Exits
(DBN)

Revenues, Profits Rise at Goodwin Procter
(DBN)

McGuireWoods Attorney Admitted to American College of Bankruptcy
(DBN)

Simpson Thacher Hires Senior Bank of America Lawyer
(DBN)

Freshfields leads as Cattles restructuring completes
(DBN)

Large Firms in Texas See Lateral Hiring Growth
(DBN)

Where Are the Women Litigators?
(DBN)

Bullivant Closes Calif. Office After Practice Heads Lead 12-Lawyer Leap to Locke Lord Bissell
(DBN)

Ex-General Counsel, 4 Other Former WellCare Execs Indicted in Claimed $400M Medicaid Fraud
(DBN)

Law Firm Facing High-Heels Injury Suit is Now Gearing Up for E-Mail Discovery Dispute
(DBN)

BigLaw Boss Steps Down Six Months Into His Term
(DBN)

Lawyers at "Closed" Office Say They Quit Because They Weren't Getting Paid
(DBN)

The Vioxx Endgame: It’s All About the Fees
(DBN)

Clifford Chance has a bigger Superbrand than Eversheds
(DBN)

Performance Reviews Are Neither Objective Nor Fair, Management Prof Says
(DBN)

Survey Results: What Counts as Billable Time
(DBN)

Small Firms and Big Technology
(DBN)

Top 5 Things I Learned While Drunk at an ABA Tech Show :))
(DBN)

Law Firm Risk Management in an Era of Breakups and Lawyer Mobility: Limitations and Opportunities
(DBN)

Social Media Reinvents The Legal Profession?
(DBN)

Q&A With a Citizen of the World
(DBN)

Most. Embarrassing. Loss. Ever.
(DBN)

Associate in mouse horror drama
(DBN)

Are Law Students So Broke They Can’t Afford to Look Decent at Graduation?
(DBN)

Would-Be-Lawyer of the Day: Don’t Put Smiley Face in a Court Filing
(DBN)

Partner in "slave" email autoreply
(DBN)

Old White Man Sues Firm, Alleging Racial, Gender, and Age Discrimination
(DBN)

Ex-SEC Leader Walks Out on Deposition
(DBN)

Amazing law firm website revealed
(DBN)

Judge Refuses Class Action Status for Suit Claiming ‘Time Bomb’ in Law Firm Software
(DBN)

Why Charlie Sheen's Legal Case Against CBS, WB Is Not So Crazy
(DBN)

Man arrested for trapping woman in fold-out couch
(DBN)

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Judges:

‘Standard of Review Decides Cases’
(DBN)

Judge in Mets kosher hot dog case recuses himself for fan cap
(DBN)

"Ray Charles could see that those signatures were doctored"
(DBN)

Mo. Man Gets 14-Year Sentence for Profanity-Laced Taunts on Judge’s Answering Machine
(DBN)

Bill Would Require Supreme Court Justices to Explain Recusals, Create Ethics Review Process
(DBN)

Belching, Bullying Ex-Judge Loses Appeal in DWI
(DBN)

Lawyer Accuses Federal Judge of Bias for Chevron
(DBN)

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Wall Street:

Stock futures rise ahead of nonfarm payrolls
(DBN)

Stocks leap higher as hope builds for job recovery
(DBN)

Best one-day rally in three months for US stocks
(DBN)

Morgan Stanley Exec Bit Off A Colleague’s Ear “Mike Tyson-Style”
(DBN)

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Layoffs:

Initial jobless claims approach 3-year low
(DBN)

Employment Situation: Some Improvement, but Still Grim
(DBN)

Fed’s Kocherlakota Says ‘Highly Accommodative’ Policy Warranted on Jobless
(DBN)

Layoffs At Pre-Recession Level; Job Openings Down 30%
(DBN)

Unemployment Hits 10.3% in February
(DBN)

Retail jobs disappear as shoppers adjust to self-service
(DBN)

Job training in crossfire of deficit battles
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM Estate to Liquidate as Creditors Question Stock Value
(DBN)

Bankruptcy Plan Approved for Company of Bad GM Assets
(DBN)

11 old GM properties to be sold
(DBN)

GM sells just 281 Chevy Volts in February, Nissan only moves 67 Leafs
(DBN)

Ford Accounting Move May Add $13B to Profit, Expert Says
(DBN)

Chrysler refinancing talks advance, sources say
(DBN)

Delphi pension hearing proposed
(DBN)

Bristol Cars put into bankruptcy protection
(DBN)

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Food/Drink:

Creditors, Unions, Trustee Object To A&P Bonus Plan
(DBN)

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Aviation:

Sun Country Airlines close to being sold
(DBN)

Group Misses Deadline to Buy Shares Of Ailing Mexicana
(DBN)

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Religion:

Ad Campaign Searches for Victims of Abuse by Clergy
(DBN)

St. Paul Lawyer Sues Catholic Church, Will Air Ads in Wis.
(DBN)

New documents show Dolan's delay
(DBN)

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Municipalities:

When Cities Struggle, Workers Punished -- But Bondholders Spared
(DBN)

Bill Gates Addresses The 'Completely Unsustainable' Crisis In Public Pensions
(DBN)

Bill Gates: Our States' Ridiculous Budget And Pension Accounting "Would Make Enron Blush"
(DBN)

State bankruptcy is not the answer
(DBN)

Roubini’s big muni report
(DBN)

Broke Town, USA
(DBN)

Crime, Drugs, And Prostitution Engulf Bankrupt California City
(DBN)

Harrisburg shouldn't consider bankruptcy , Dauphin County commissioner says
(DBN)

Gov. Walker warns of layoff notices to 1,500 state workers on Friday
(DBN)

Are Wisconsin Public Workers Overpaid Or Underpaid?
(DBN)

Union Crisis Could Happen Anywhere
(DBN)

No Outrage: Ohio's Even Tougher Union Bill
(DBN)

Thousands of N.J. police officers, firefighters protest at Statehouse over potential benefits cuts
(DBN)

Wisconsin Senate Okays Arrest of Democrats Hiding in Illinois
(DBN)

Detroit Public Schools Sells $231M Muni Deal, At A Price
(DBN)

Bell tolling for DPS in new cash-flow financing gambit
(DBN)

Michigan bill contains limited details on emergency power
(DBN)

Michigan Governor Tells Cities to Tighten Budgets
(DBN)

Detroit: Up from the ashes
(DBN)

State Crises Mean New Language of Deceit
(DBN)

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Bankruptcy Crimes:

'Spanky' Macher released from jail as federal trial postponed
(DBN)

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Shipping:

Domino effect in Dry Cargo Market?
(DBN)

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Financial Literacy:

Financial literacy has its limits
(DBN)

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Soccer:

Birmingham Owner Pledges Own Assets to Help Soccer Team Meet Debts
(DBN)

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Call Centers:

IAC loses appeal over ex-unit that went bankrupt
(DBN)

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Economy:

Weekly unemployment report may hint at labor recovery
(DBN)

U.S. Service Industries Grow at Fastest Pace in Five Years
(DBN)

Expect a Very Strong Jobs Report For February: Gross
(DBN)

Income Optimism Keeps U.S. Comfort Index Near 2008 High
(DBN)

Fed Policy Makers Signal Abrupt End to Bond Purchases in June
(DBN)

The Oil Shock of 2011
(DBN)

Dollar's Reign as World's Main Reserve Currency Is Near an End
(DBN)

U.S. Decline in Global Arena: Is America No Longer No. 1?
(DBN)

Bernanke's QE3 Question
(DBN)

Global recovery progressing, some risks: IMF chief
(DBN)

It's Going to be a Stormy Recovery
(DBN)

Merle Hazard: Feelin' Lousy
(DBN)

PIMCO's Gross urges slow pace of deficit cuts
(DBN)

Food Prices Hit Record High, Spurring Worries About Global Unrest
(DBN)

Absorbing the Food Shock of 2011
(DBN)

The 23 Governments That Could Get Crushed By Food Price Inflation
(DBN)

Oil's surge felt by drivers, fliers and shoppers
(DBN)

Will Rising Gas Prices Put Brakes On The Economy?
(DBN)

The Libyan Crisis: Where Are Oil Prices Going?
(DBN)

Economy May Reverse Course When Fed Buying Ends: Gross
(DBN)

Even Tea Party Members Do Not Support Cutting Social Security
(DBN)

Boehner Aims to Tame Social Security
(DBN)

Does the Tea Party Really Hate John Boehner?
(DBN)

Here's how a federal government shutdown would affect you
(DBN)

Greenspan: Surge in Gov't 'Activism' Hampering Recovery
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Housing will be a drag on the rich world’s recovery for the foreseeable future
(DBN)

Mortgage rates drop for third week
(DBN)

Accused foreclosure attorney withdraws from 750 cases
(DBN)

NAR lobbying to preserve mortgage interest deduction, 30-year fixed mortgage
(DBN)

Warren Buffett's Subprime Housing Solution
(DBN)

Republicans take steps to kill Obama mortgage aid
(DBN)

Home refinancings through HARP up 30% in fourth quarter
(DBN)

Top servicers transferring loans that fail HAMP trial
(DBN)

Watchdog: Treasury Done ‘Very Little’ to Fix Gov't Foreclosure Relief Program
(DBN)

Why Bank of America is Crying Over Obama's New Foreclosure
(DBN)

Obama Administration's Foreclosure Program Shambles Along
(DBN)

House Republicans Vote To Cancel Two New Mortgage Programs
(DBN)

Seattle house prices post largest drops since 2009
(DBN)

HUD Secretary: Fannie, Freddie Housing Goals Didn't Work
(DBN)

Senator sees Dodd-Frank trumping ad hoc CMBS regulation
(DBN)

Commercial loans outperform other loan types: MBA
(DBN)

Commercial property has bounced back, but only in the best locations
(DBN)

The crisis has spurred innovation in commercial property
(DBN)

MBA: Delinquency rates on CMBS loans rise to 8.95%
(DBN)

FBI steps up nationwide efforts to address mortgage fraud, especially in NJ
(DBN)

Obama officials, attorneys general closer to possible deal with banks in foreclosure mess
(DBN)

The Bizarre Mortgage “Settlement” Negotiations
(DBN)

Banks Face More Loan Write-Downs
(DBN)

Judge fines anti-foreclosure lawyer
(DBN)

Another County Seeking to Collect Unpaid Recording Fees From MERS
(DBN)

California lawmakers revive bill that would kill dual-track foreclosures
(DBN)

Government, banks wrestle over settlements in botched foreclosures
(DBN)

Robo-signing slows Fannie, Freddie foreclosure
(DBN)

Bank seeks end to Philly sheriff's sale moratorium
(DBN)

WA House Passes Foreclosure Protection Bill
(DBN)

Capital One slows foreclosures to a trickle in California
(DBN)

Mass. foreclosures plummet
(DBN)

Real estate brokerage sues condo vulture investors
(DBN)

Foreclosure Merit Badge: Bank aims to boot Boy Scouts
(DBN)

In Price of Farmland, an Echo of Last Boom
(DBN)

Why The Housing Crisis Will Get Worse Before It Gets Better
(DBN)

Property is widely seen as a safe asset. It is arguably the most dangerous of all
(DBN)

_____________

Fraud:

McKinsey faces risks as Gupta case unfolds
(DBN)

Gupta, Rajaratnam Wanted SEC Action Postponed to After Trial
(DBN)

Is McKinsey & Co. the Root of All Evil ?
(DBN)

Goldman’s Blankfein Said to Agree to Be Rajaratnam Trial Witness
(DBN)

Raj Begged The SEC Not To Charge Gupta
(DBN)

Court to Rajaratnam 11: No Blackberrys For You
(DBN)

Rajat Gupta and Goldman Sachs: SEC After Big Fish?
(DBN)

The Insider Trading Scandal: Is It the Crime or the Prosecution?
(DBN)

Davos Man Rajat Gupta in Bizarro World
(DBN)

Rajaratnam Attorneys Cry Foul in Gupta Case
(DBN)

Rajaratnam Attorneys Cry Foul in Gupta Case
(DBN)

Indian business world fears cloud from charges
(DBN)

Juicy Hedge Fund Insider Allegations Revealed
(DBN)

Insider-Trading Probes Send Investors Scurrying Even When No One's Charged
(DBN)

The Temptation of Insider Trading: Why Top Professionals Might Slip
(DBN)

Beazer CEO forfeits bonus in SEC pact over fraud
(DBN)

Mets Owner Wants To Lose
(DBN)

Swift deal needed in Mets Madoff dispute, mediator says
(DBN)

Mets owners may face more allegations
(DBN)

Madoff Victims Fight Reimbursement Formula
(DBN)

Madoff investors face wary judges
(DBN)

Madoff Trustee, 'Net Winners' Face Off Over Victim Status
(DBN)

Professor estimates JPMorgan made $900M from Madoff
(DBN)

Issa, Grassley probing SEC on ex-lawyer's Madoff ties
(DBN)

JPMorgan, Banks Say Madoff Trustee Would Break Secrets Pact
(DBN)

Court Rulings Are Mixed Bag for Kenneth Starr
(DBN)

Outside directors named in SEC financial fraud case
(DBN)

Federal Lawyer Says the Government's Expanding Its Use of Debarment
(DBN)

How Marika Tolz's fraud allegedly started
(DBN)

New indictment issued against Podlucky, others
(DBN)

CDO, CDS Fraud Probes to Be 2011 Priority, Prosecutor Says
(DBN)

Bankruptcy trustee charged in "Ponzi-like" scheme
(DBN)

______________

Hotels:

Landmark NY hotel going back to auction block
(DBN)

Hotels: RevPAR up 12.1% compared to same week in 2010
(DBN)

______________

Valuation:

The Effect Of Carl Icahn On Company Valuation
(DBN)

______________

Non-Profits:

Should Tax Dollars Be Used To Support Non-Profit Executives Earning More Than President Obama?
(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)

______________

Trustees:

Bankruptcy trustee charged with mishandling $16M
(DBN)

______________

Insurance:

D&O Policy Is Excess of CGL Policy
(DBN)

______________

Bankruptcy Statistics:

When were O.C. bankruptcies only double digits?
(DBN)

______________

Corporate Reform:

Who's Afraid of Reforming Wall Street?
(DBN)

For Corporate Directors, SEC Keeps the Bar Low
(DBN)

Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline
(DBN)

Defending the Indefensible
(DBN)

______________

Tax:

House Votes to Repeal 1099 Provision
(DBN)

Washington Mulls a Corporate Tax Overhaul
(DBN)

______________

Oil/Gas:

Fortress Energy in bankruptcy scare
(DBN)

______________

Gambling:

Is corporate bankruptcy an option for tribal casinos?
(DBN)

______________

Furniture:

Robb & Stucky scrambles to find buyer to avoid liquidation, mass layoffs
(DBN)

______________

Health Care:

Lender takes scalpel to surgery center
(DBN)

Shut Aliquippa hospital's equipment will continue to be of service
(DBN)

Taking a scalpel to the healthcare system
(DBN)

Gutting Medicare By Refusing To Pay The Bills - Hospitals Headed For Bankruptcy?
(DBN)

White House must seek expedited appeal of ObamaCare ruling: federal judge
(DBN)

Third of U.S. Sleeps Less Than Seven Hours a Night
(DBN)

Government Report Finds 92 Percent of Nursing Homes Employ Convicts
(DBN)

______________

Education:

Government Should Exit Higher Ed
(DBN)

______________

Retailing:

Retail sales show broad increase in February
(DBN)

U.S. Retailer Shares’ Slide Since Black Friday Signals Squeeze on Margins
(DBN)

Rugged Bear chain closing all stores
(DBN)

New tenants will fill Borders bookstore openings, cities say
(DBN)

______________

Accounting:

The Mystery of Vanishing Accounting Scandals
(DBN)

______________

Celebs:

Report: JaMarcus Russell faces foreclosure on Oakland mansion
(DBN)

Wesley Snipes Seeks Supreme Court Review of His Tax Convictions
(DBN)

______________

Trucking:

Gig is up, but rig is far from home
(DBN)

______________

UK:

Appointment of Administrators - 3 March 2011
(DBN)

Winding Up Petitions - 3 March 2011
(DBN)

The future of Plymouth Argyle was in fresh doubt, with the club facing a mystery High Court hearing
(DBN)

Ransom payments hit hopes of rescue hard
(DBN)

JJB to landlords: halve our rent or we will close
(DBN)

UK Business insolvencies fall In January
(DBN)

______________

EU:

EU Regulators Plan Bank Stress Tests
(DBN)

European Central Bank Says Rate May Rise Soon
(DBN)

______________

Canada:

HB Fenn creditors gather in Toronto
(DBN)

Disabled Nortel workers want bill fast-tracked
(DBN)

Ottawa seeks freer hand to seize ill-gotten foreign cash
(DBN)

______________

Germany:

Cross-Border Update on German Restructuring – Who Pays Next Time?
(DBN)

______________

France:

France to scrap tax cap for rich
(DBN)

______________

MENA:

First There Were PIIGS to Worry Over, Now We Have MENA
(DBN)

Britain freezes assets of 20 of Gaddafi's security chiefs
(DBN)

Qaddafi Takes His First Western Hostages
(DBN)

Fear Stalks Capital on Day of Protests
(DBN)

UK freezes Libyan wealth fund assets
(DBN)

Libya’s Hidden Wealth May Be Next Battle
(DBN)

Serenading the Qaddafis
(DBN)

Saudi Arabia contagion triggers Gulf rout
(DBN)

Saudi Shiites Call for Day of Anger
(DBN)

Analyst: Saudi Arabia's Regime Will Fall
(DBN)

Friday Of Rage Sees Airstrikes In Yemen, Violence In Bahrain And Protests In Tripoli
(DBN)

US Prepares for Bad Outcomes in Middle East
(DBN)

How companies get employees out of global hotspots
(DBN)

______________

PIIGS:

IMF reduces interest rate on Irish rescue loan
(DBN)

Imposing Losses On Senior Bank Bondholders Valid, Says Soros
(DBN)

Irish Government Says Bank of Ireland Misled on Bonuses
(DBN)

Is Portugal's Treasury Down To Just $4 Billion?
(DBN)

______________

Iceland:

More Money Reclaimed to Pay Icesave
(DBN)

______________

India:

India Hedge Funds Struggle To Raise Funds Despite Roaring Economy
(DBN)

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China:

CapitaLand Queries Beijing's Moves
(DBN)

______________

Russia:

Former Billionaire Polonsky Quits Business After Real Estate Bankruptcy
(DBN)

______________

Brazil:

Independencia Creditors Approve Plan to Sell Assets
(DBN)

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