May 12, 2011

The Daily Bankruptcy News

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Law:

“Grazing,” Photocopying And Other Tricks Inflate Legal Bills
(DBN)

Lehman Work Continues to Pay Off for Firms, Vendors
(DBN)

"Mea Culpa," Says King & Spalding D.C. Partner
(DBN)

Milbank's Big Bet
(DBN)

Bankruptcy Attorney Joins Venable LLP as Partner
(DBN)

Hey, Raj Rajaratnam’s Lawyer, Do You Have A Comment For CNBC?
(DBN)

Raj Rajaratnam’s High-Priced Legal Team Pleased With Thrilling 23-14 Victory
(DBN)

Allen & Overy freezes associate salary bands after 'flat trading year'
(DBN)

Misadventures with MySpace Evidence
(DBN)

Sanctions Reform: Iqbal, Twombly, meet the LARA
(DBN)

"A partner isn't going to tell you what he really thinks. That would be indelicate. It could lead to misunderstandings."
(DBN)

Not-So-Total Recall
(DBN)

Ex-book executive Regan settles NY legal fee suit
(DBN)

NY Firm Expands Its Art Deco Home
(DBN)

Duane Morris Names New NY Managing Partner
(DBN)

The Customer Is Always Right. Not.
(DBN)

Utility Regulator Ex-GC Faces Ethics Hearing
(DBN)

Alternative Careers: Mr. Softee
(DBN)

Am Law 100 Firms Flocking to Hong Kong
(DBN)

PDF/A-Whaaaat? Preparing for the Mandatory Change in Electronic Case Filing
(DBN)

Facebook bans Mark Zuckerberg, the bankruptcy attorney, not the founder
(DBN)

Tips to Beat Summer Procrastination
(DBN)

50 Years Later, BigLaw Attorney Reflects on How His "Vast Wasteland" Speech Changed TV
(DBN)

Mug Shots
(DBN)

Rabbi's Kids In Leniency Plea For Matchmaker Dad
(DBN)

Who Owns the Legal Right to Promote Death on a Plate?
(DBN)

2011 Law Revue Video Contest Winner!
(DBN)

‘Most Likely to Succeed’ Helped Keep Harvard Law Student in School
(DBN)

An End to Minimum GPAs for Merit Scholarships?
(DBN)

Webinar: How to Double Click to Open a Folder :))
(DBN)

Motion Seeks Ouster of Prosecutor for ‘Get What He Deserves’ Media Comment
(DBN)

Lawyer Charged with 2nd-Degree Murder, Accused of Performing Unlicensed Cosmetic Surgery
(DBN)

______________

Judges:

Tight Budgets Produce Judicial Discontent in California
(DBN)

Bankruptcy judge keeps segregated country club membership
(DBN)

Some Feel Justice Clarence Thomas Is Not the Best Choice to Honor Pioneering Black Jurist
(DBN)

"Choate" - A "barbarism"
(DBN)

Family Law Has a Different Meaning Here
(DBN)

Jury Awards $1.4M to Ex-Prosecutor Fired After Blowing Whistle on Judge
(DBN)

Top Pa. Court Takes Tougher Stance re Recusals, Tells 2 Judges to Step Down in Sua Sponte Order
(DBN)

Zingers From Judges Association Quoted in Letter to Chief Justice
(DBN)

______________

Wall Street:

US Stock -Index Futures Drop as Commodities Slide
(DBN)

Stocks Close Sharply Lower Amid Pullback By Commodities
(DBN)

The Entitlement Virus Is Virulent In Wall Street
(DBN)

The People vs. Goldman Sachs
(DBN)

Forget Vampire Squid: Goldman Is Worse Than "A Pudgy Housewife Who Broke Her Diet With A Few 'Nilla Wafers Between Meals"
(DBN)

Goldman Sachs Viewed Unfavorably by 54%
(DBN)

Investors Shifting to Cash From Commodities
(DBN)

______________

Layoffs:

More Than 3 Million Job Openings in March
(DBN)

Stagnant wages a speed-bump for economic growth
(DBN)

Employment rate for black men at record low
(DBN)

Don't Count on Job Growth. Bring Back the WPA!
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

White House may shutter auto recovery office
(DBN)

Toyota warns strong yen could see it exit Japan
(DBN)

Toyota Profit Down 77 % in Q4 Due to Quake Disruptions
(DBN)

Chrysler May Hire More Than 3000 Workers
(DBN)

Wall Streets Ups Bet Against Ford Stock
(DBN)

Stempel was 'car guy' to the end
(DBN)

Great Wall Motor talks with Spyker about tie-up
(DBN)

______________

Fashion:

American Apparel’s First Quarter Wasn’t Too Bad, But Bankruptcy is Still a Possibility
(DBN)

______________

Municipalities:

Impact of Chapter 9 on repayments of municipal debt
(DBN)

Central Falls Approaching Bankruptcy
(DBN)

What Chapter 9 bankruptcy would mean for Central Falls
(DBN)

State Senate Shields Union Benefits
(DBN)

California State University system considers drastic plan in case of an 'all-cuts' budget
(DBN)

Harrisburg Incinerator May Save the City
(DBN)

'Smoothing' won't relieve SF's pension costs
(DBN)

TX: Sales Tax Revenue Rises 11.7%
(DBN)

______________

Bankruptcy Crimes:

Citrus Heights man sentenced for bankruptcy fraud
(DBN)

______________

Religion:

Bleeding Churches Going Bankrupt
(DBN)

______________

Corporate Reform:

US Rep. Frank: Anticipating Consumer Bureau Recess Appointment
(DBN)

Harvard professor picked for consumer agency
(DBN)

Lawmakers consider forcing whistleblowers to report to employer first
(DBN)

CFPB begins design of new mortgage disclosure forms
(DBN)

The Republicans' fight against consumer protection
(DBN)

Senate Democrats: Still Making the Case for Dodd-Frank
(DBN)

Bernanke Says Central Bank to Propose Dodd-Frank Rules in Coming Months
(DBN)

Regulators Inch Forward on Investigations, Settlements of Dubious CDO Dealings
(DBN)

______________

Chemicals:

Ghost from past haunts LyondellBasell
(DBN)

______________

Rating Agencies:

Rating agencies win dismissal of lawsuits
(DBN)

______________

Shipping:

Horizon Lines’ empty bankruptcy threat brings US DoJ to its knees; victorious hedge funds rejoice
(DBN)

______________

Economy:

McCarthy: 'Not one Republican vote' to borrow more without cuts
(DBN)

Americans back tax increases in debt fix: poll
(DBN)

Boehner’s Views on Economy Contradicted by Indicators, Studies
(DBN)

Huge List Of Corporate Organizations Beg GOP To Raise The Debt Ceiling
(DBN)

Treasury Auctions to Push US Over Debt Ceiling
(DBN)

Recession Coming, but Not Yet
(DBN)

Fed officials divided on policy outlook
(DBN)

Krugman welcomes QE3, sees continued economic malaise
(DBN)

Federal Deficit Narrows in April--but
(DBN)

Is Inflation Vastly Understated?
(DBN - NY Times - Paywall Limit Possible)

Job Openings increased in March, Highest since 2008
(DBN)

Recovery mandates 250,000 new jobs per month: Freddie Mac
(DBN)

The Real Reason for High Gas Prices
(DBN)

Study Finds Tax Burden Rising on Workers
(DBN)

GOP's Plan to Undo Medicaid for 44 Million
(DBN)

Whiners
(DBN - NY Times - Paywall Limit Possible)

Forbes Predicts U.S. Gold Standard Within 5 Years
(DBN)

What Is Gold Really Worth?
(DBN)

Even in Death, Bin Laden Exacts Multitrillion-Dollar Toll on U.S. Taxpayer
(DBN)

Richest 400 Took Record Share Of Capital Gains In 2008
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Bill to put pressure on mortgage settlement talks
(DBN)

The Servicing Fraud Settlement: the Real Game
(DBN)

US banks and states meeting on foreclosure probe
(DBN)

Principal reduction still possible in AG settlement with mortgage servicers
(DBN)

Foreclosure Settlement Avoids Banks' Biggest Problem
(DBN)

Foreclosures down for 7th straight month
(DBN)

Delays push foreclosures to 40-month low in April
(DBN)

Here comes that $400 billion mortgage reset
(DBN)

Falling Home Prices More Than Erase $8,000 Tax Credit for Many Buyers
(DBN)

Winner: Sheila Bair makes money on her home
(DBN)

JPMorgan analysts see housing prices falling until mid-2011
(DBN)

Not even halfway to housing recovery
(DBN)

Bill Proposes Mortgage Shake-Up
(DBN)

Underwater Borrowers Grow More Accepting Of Walking Away
(DBN)

Fannie says limited demand perpetuates uncertainty of housing recovery
(DBN)

Mortgage applications rose 8.2% last week as interest rates decline
(DBN)

A Renewed Crackdown on Redlining
(DBN)

Financial woes intensify for Henderson real estate firm
(DBN)

BofA partners with Chicago to work through neighborhood blight
(DBN)

Fannie CEO pushes for better loan quality, more internal controls at GSE
(DBN)

BofA's Chief, at Annual Meeting, Takes Mortgage Heat
(DBN)

BofA to keep foreclosure practices despite new Utah law
(DBN)

BofA Loses Check That Would Have Saved House From Foreclosure
(DBN)

BofA May Pay as Much as $3.7 Billion to End Mortgage Probe
(DBN)

HSBC Continues Freeze On Home Seizures
(DBN)

Fighting the bank and winning: How these homeowners did it
(DBN)

A plan to unclog the housing market – where everyone wins
(DBN)

FDIC Files Suit Against LPS Over Appraisals
(DBN)

Apartment, Office and Mall Trends
(DBN)

CMBS Delinquencies Reveal Fragility of the Recovery
(DBN)

_____________

Banking:

FDIC Failed Bank Litigation Progresses - Slowly
(DBN)

World’s Strongest Banks
(DBN)

Homeless Chicago Man Donates Thousands to Down-On-Her-Luck Banker
(DBN)

______________

Fraud:

Sweeping guilty verdict against Rajaratnam
(DBN)

Rajaratnam Lawyer John Dowd Flips Everyone Off, And Says "Look At The Scoreboard! We're Winning!"
(DBN)

Raj Rajaratnam Found Guilty—Very Guilty—of Insider Trading
(DBN)

Galleon Case Underscores Hedge Fund Need For Inside Information
(DBN)

Galleon Chief’s Web of Friends Proved Crucial to Scheme
(DBN - NY Times - Paywall Limit Possible)

Rajaratnam Sentencing Set for July 29
(DBN)

Jury scuttles 'jolly Raj-er'
(DBN)

Galleon’s Rajaratnam May Face Uphill Battle to Overturn Verdict on Appeal
(DBN)

Galleon billionaire convicted of fraud, conspiracy
(DBN)

Trial Win Adds to Momentum
(DBN)

Rajaratnam’s Conviction Points Way Toward New Focus on Aggressive, High-Tech Securities Probes
(DBN)

Rajaratnam verdict weighs on financial stocks
(DBN)

Why The Verdict Did Not Go Raj Rajaratnam's Way
(DBN)

Does Rajaratnam Conviction Level The Investment Playing Field?
(DBN)

Next Up: A Crackdown on Outside-Expert Firms
(DBN - NY Times - Paywall Limit Possible)

Hedge Fund Titan Guilty Of Insider Trading; More Cases To Come?
(DBN)

Little Guys Are Everywhere in Rajaratnam’s World
(DBN)

Accused insider trader rejects settlement offer, risks 45 years in jail
(DBN)

Where Galleon employees are now
(DBN)

Galleon Conviction Likely to Embolden Prosecutors
(DBN - NY Times - Paywall Limit Possible)

Dethroning Raj gives feds an overdue win
(DBN)

Rat was robbing folks like you & me
(DBN)

Despite Galleon, Investors Still Find Leaky Companies
(DBN)

U.K. Insider-Trading Probes to Target ‘Bigger Fry’
(DBN)

The Rogues Gallery: Rajaratnam and Other White Collar Convictions
(DBN)

Picard $59 Billion Suit Uses 'Novel' Theory, UniCredit Says
(DBN)

From the Plaza Hotel to Starbucks, Illicit Acts Find New Home
(DBN)

Four under investigation in Parmalat probe
(DBN)

Madoff: "A crystal decanter filled with a mysterious brown liquid"
(DBN)

SocGen, Lazard Bankers Said to Be Probed in Milan for Parmalat Breaches
(DBN)

Goldman May Face Civil Fraud Charges
(DBN)

______________

Freight:

Freight Transport Rose to Multi-Year Highs in March
(DBN)

______________

Baseball:

Frank McCourt: When desperate times call for desperate measures, lots of them
(DBN)

Ex-Mets Clubhouse Manager Samuels Said to Surrender Over Memorabilia
(DBN)

______________

Golf:

Jamestown investors purchase Valley Country Club in Warwick
(DBN)

______________

Trucking:

Trucking Index Still Laboring
(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)

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:

Nortel, Guaranty Financial, Schutt, TriDimension: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

California ranks 4th in bankruptcies per capita
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Subordination:

When Equitable Subordination Isn't
(DBN)

______________

Avoidance Actions:

New York and Delaware Are Now at Odds over Application of Section 546(e)’s “Safe Harbor” to Private Stock Transactions
(DBN)

______________

Oil/Gas:

Oil Drops Below $100 as US Supplies Surge
(DBN)

_____________

Ethanol:

Texas plant asks bankruptcy court to approve tolling agreement
(DBN)

Levelland ethanol plant seeks OK for processing pact
(DBN)

______________

Hollywood:

Forget Brunch
(DBN)

______________

Celebs:

'Real Housewife' Peggy Tanous in Danger of Foreclosure
(DBN)

Lindsay Lohan Pleads No Contest in Necklace-Theft Case, Gets No Additional Time
(DBN)

Former New York Mets player Lenny Dykstra rips government's case as 'egregious ...
(DBN)

______________

Telecoms:

FairPoint making progress after bankruptcy
(DBN)

______________

Movies:

Too Big To Fail, the movie
(DBN)

______________

Health Care:

Hospital bankruptcy issues continued until June 14
(DBN)

Southern Indiana hospital seeking $11 million from venture capital firm
(DBN)

Study: Uninsured Can't Pay Medical Bills
(DBN)

Hospital sale brings relief, hope for success
(DBN)

Health Care Cost Per Family Now $19,393
(DBN)

On The Eve Of Huge Speech, WSJ Delivers A Devastating Mitt Romney Takedown
(DBN)

Romney: As first act, out with ObamaCare
(DBN)

______________

Gambling:

Fertitta Group Takeover of Green Valley Casino Challenged
(DBN)

______________

Metals:

US Aluminum Closes Doors Nationwide
(DBN)

______________

Politicians:

Republican John T. Kemper III digging out of bankruptcy while running for job
(DBN)

Campaign funds are seizable assets in bankruptcies?
(DBN)

Crummy economy may take down Obama in 2012
(DBN)

______________

Lehman:

Dubious Defenses of the FDIC’s Lehman Resolution Plan
(DBN)

______________

Credit/Debit Cards:

Debit card fraud worse than thought
(DBN)

Small Banks and Debit-Card Reform
(DBN - NY Times - Paywall Limit Possible)

Banks' swipe fight
(DBN)

______________

Orchestras:

Orchestra files for Chapter 7 bankruptcy
(DBN)

______________

Retailing:

Retail Sales in U.S. Probably Climbed in April as Employment Accelerated
(DBN)

______________

Nature:

Unease in the Miss. Delta as floodwaters spread
(DBN)

______________

UK:

Government to tackle supplier demands in administration
(DBN)

Appointment of Administrators - 11 May 2011
(DBN)

Winding Up Petitions - 11 May 2011
(DBN)

JPMorgan Chase Wins Bid to Have $112 Million CDO Case Heard in U.K. Courts
(DBN)

______________

EU:

IMF Says ECB Has Time to Keep Interest Rate Rise Gradual
(DBN)

ECB Will Monitor Upside Inflation Risks 'Very Closely'
(DBN)

Europe's Greek tragedy
(DBN)

______________

Canada:

Bankruptcies rise month-to-month
(DBN)

Another sawmill bankrupt
(DBN)

______________

PIIGS:

Greece Is Hit by a Violent General Strike
(DBN)

Athens Grinds To Halt During Austerity Protest
(DBN)

Greece Says Audit Will Show €60 Billion Need
(DBN)

Schaeuble Tightens Screws on Greece With Demand to Increase Cost Savings
(DBN)

Greeks Blaming Speculators Sure Sign of Panic
(DBN)

IE: Banks criticized by Master of the High Court
(DBN)

Court official urges debt forgiveness
(DBN)

Banks Should Get Interest-Free ECB Loans, Says ESRI
(DBN)

France Resists Ireland’s Low Corporate Tax
(DBN)

Finland Lawmakers Still Split on Portugal Bailout
(DBN)

Portugal on the brink of social, economic and political disaster
(DBN)

Portuguese Austerity May Mean Greek-Like Recession
(DBN)

Schaeuble: Portugal Reform Plan Ambitious But Do-Able
(DBN)

Spanish Underlying Inflation Rate Accelerated Most in Two Years in April
(DBN)

______________

Mexico:

Satelites Mexicanos Wins Bankruptcy
(DBN)

______________

Japan:

Tepco: Fukushima Fuel Rods Are Fully Exposed
(DBN)

______________

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Copyright 2011