May 20, 2011

The Daily Bankruptcy News

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Law:

Lawsuits Seek to Open Up the Legal Biz
(DBN)

Because Walmart Really Should Be Allowed To Own A Law Firm
(DBN)

Lateral Tracker
(DBN)

Wilson Sonsini Wins Chancellor Chandler Sweepstakes
(DBN)

Bankruptcy judges to decide fate of controversial lawyer
(DBN)

Galleon, J&J, Strauss-Kahn, Madoff, Lehman in Court News
(DBN)

Banned firm files emergency motion for hearing
(DBN)

Today’s Terrible Jobs Have A ‘Do It Yourself’ Feel
(DBN)

What Are Associates Really Thinking?
(DBN)

Keeping Hope Alive in an Uncertain Spring
(DBN)

Artie McConnell: Twinkle, twinkle, little star
(DBN)

Oh, Lord, grant law just one more bubble
(DBN)

Show Me The Money Part Deux
(DBN)

'Corporate Counsel' Names Google's Legal Department Best of 2011
(DBN)

Some Firms Eye Asking Partners for Larger Capital Investment
(DBN)

Finding a Legal Job? There’s an App for That
(DBN)

10 Marketing Tips for Time-Pressed Lawyers
(DBN)

Glory Days
(DBN)

Attorneys Who Work in the 'Cloud' May Get ABA Wake-Up Call With Proposed Rules
(DBN)

In-House: Compliance Due Diligence
(DBN)

Censure Recommended for Lawyer With Propensity for Holding Back Files
(DBN)

Law Firm Sees Advantage in High-Tech Elevators: Separation from IRS Agents
(DBN)

Trial Begins for Brokers Accused of Bribing NY BigLaw Lawyers for Insider Tips
(DBN)

What's the Best Lawyer Movie/TV Show of All Time?
(DBN)

I’m Suing You, So No, We Can’t Be Facebook Friends
(DBN)

Andy Dick Gets Sued in Dallas Because of, Well . . .
(DBN)

______________

Judges:

The Judge Who Rarely Rules ‘No’
(DBN)

Republicans Block Obama Pick for 9th Circuit
(DBN)

Indiana Supreme Court & Cops Get Death Threats, After Unlawful Entry Opinion
(DBN)

Former Judge Tried To Vacate Convictions He Imposed
(DBN)

______________

Wall Street:

Stock index futures flat
(DBN)

Uh-oh. Will Goldman kill the dollar too?
(DBN)

Fee Bonanza! Wall Street Rakes in Millions from LinkedIn IPO
(DBN)

Why People Buy Stock in Bankrupt Companies
(DBN)

______________

Layoffs:

Jobless Claims Fall More Than Forecast, Reversing Surge
(DBN)

Many With New College Degree Find the Job Market Humbling
(DBN)

Federal Workers Angry on Benefits Cut
(DBN)

No Reason to Cheer Drop in Jobless Claims
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Food/Beverage:

Sbarro to explore sale, drops Chapter 11 plan
(DBN)

Sbarro Pizza Chain Said to Be Negotiating Higher Bid Than Bankruptcy Plan
(DBN)

McDonald's defends advertising to children
(DBN)

Borders Seeks Coffee Break With Seattle's Best
(DBN)

What the Vita bankruptcy means — and doesn't mean
(DBN)

______________

Marine:

Trico files liquidation plan after spinoff
(DBN)

Tidewater profit falls 79% as margins decline
(DBN)

______________

Lehman:

Icahn balks at Lehman's demand for 18% claims cut
(DBN)

Former Enron prosecutor files suit against Lehman execs, board
(DBN)

Lehman Minibond Investors Vote Overwhelmingly To Accept Payout Offer
(DBN)

______________

Personal Finance:

Move fast if you're trading in a used car
(DBN)

______________

Retailing:

Pershing Square cuts exposure to Borders
(DBN)

Bill Ackman Likely Takes $200 Million Bath on Borders
(DBN)

Malone’s Liberty Offers to Buy Barnes & Noble in $1 Billion Deal
(DBN)

Sears Loses More Than Expected in 1Q
(DBN)

______________

Accounting:

Accounting Rules to Get Performance Reviews
(DBN)

______________

Resorts:

Barnes Bay, Viceroy Anguilla Owner, Wins Approval of Auction
(DBN)

Anguilla: Paradise for Lawyers
(DBN)

______________

Trucking:

YRC Worldwide Stock In Danger Of Being Delisted From Nasdaq
(DBN)

______________

Banking:

FDIC Clarifies Provisions of FDIC’s Orderly Liquidation Authority Relating to Preferential and Fraudulent Transfers
(DBN)

A Market Test for the FDIC's Resolution Authority
(DBN)

M&T Bank repays $700 million in TARP funds
(DBN)

Why Bank Stocks Are Getting Killed: All Around The World, People Are Screaming For DEFAULT
(DBN)

______________

Horticulture:

Andronico's creditors complain about payments
(DBN)

______________

Paint:

Five Star Products’ Bankruptcy Clarified
(DBN)

______________

Horse Racing:

Settlement hearing being held on Rosecroft bankruptcy
(DBN)

______________

Tax:

HSBC Client Schiavo Accused of Failing to Report Offshore Account to U.S.
(DBN)

As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks
(DBN)

______________

Cruise Ships:

Bankrupt cruise line to honour bookings following sale
(DBN)

______________

Radio:

Lawyer plans to turn around five bankrupt radio stations
(DBN)

______________

Newspapers:

Death of Newspapers Greatly Exaggerated
(DBN)

______________

Oil/Gas:

Natural gas: study raises doubts on U.S. supply
(DBN)

______________

Aviation:

Obese Pair Told To Buy 4 Seats On Flight
(DBN)

______________

Celebs:

Toni Braxton Opens Up About Filing for Bankruptcy and Her Family Struggles
(DBN)

Former Baseball All-Star Lenny Dykstra Looks Terrible In His New Uniform
(DBN)

Donald Trump School’s Business Practices Said to Be Probed by New York
(DBN)

______________

Economy:

Claims for unemployment benefits fall; future looks bumpy
(DBN)

Leading Economic Indicators Fall 0.3%
(DBN)

End of QE2 to hurt stocks, bonds: poll
(DBN)

Chase CEO Warns of US Defaulting
(DBN)

Reid rejects Boehner call for $2 trillion in spending cuts
(DBN)

Fed Fisher: High Gasoline Prices Have Had Retarding Effect On Economy
(DBN)

Oil prices risk derailing global recovery: IEA
(DBN)

Fed's Fisher: Economy Has too Much Liquidity
(DBN)

Geithner: New Financial Crisis Coming
(DBN)

Foreign central banks' US debt holdings fall
(DBN)

Strauss-Kahn Granted $1 Million Bail Pending Trial
(DBN)

Lipsky: Christine Lagarde 'excellent choice' for IMF
(DBN)

Lagarde Faces Legal Hurdle to Top IMF Post From 1993 Dispute
(DBN)

An outsider like Peter Mandelson could be perfect for the IMF
(DBN)

IMF head: Europe to make 'common choice' soon
(DBN)

Make Strauss-Kahn Succession Quick: Geithner
(DBN)

IMF Succession Battle Mounts
(DBN)

IMF Acting Chief: Board To Begin Talks On New Leader
(DBN)

IMF a race between Europe, Asia
(DBN)

Europe rushes to stake claim to IMF job
(DBN)

A Look at Possible Candidates to Be Next IMF Chief
(DBN)

Dominique Strauss-Kahn offers to give up rights as Frenchman for freedom
(DBN)

The two faces of DSK
(DBN)

$6 million bail, 24-hr armed guard, ankle bracelet, video surveillance
(DBN)

Strauss-Kahn may face civil suit for alleged assault
(DBN)

DSK To Get Huge Payday
(DBN)

At IMF, Men on Prowl and Women on Guard
(DBN - NY Times - Paywall Limit Possible)

The Fabulous Life Of Dominique Strauss-Kahn (Before He Was Arrested)
(DBN)

10 Cities With the Most Fiscally Fit Men
(DBN)

10 Cities Where Men are Poor
(DBN)

Flight Plan for the US Economy
(DBN)

How The Government Created A Financial Crisis
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Calif. Supreme Court denies plaintiff petition for review in MERS case
(DBN)

California MBS suit against Countrywide allowed to proceed in state court
(DBN)

Former LPS Employees Allege 30% to 78% Error Rate in Borrower Mortgage Records, Contradicting Banker/Regulator Cover-Up
(DBN)

Bank-picked experts take on U.S. foreclosure reviews
(DBN)

Criticism of the Foreclosure Process Brought Bar Probe of Two Fla. Lawyers
(DBN)

Sorry Folks, Court's Closed!
(DBN)

Florida Kangaroo Foreclosure Courts Likely to Fold
(DBN)

Existing-home sales dip, despite buyer's market
(DBN)

Existing Home Sales: Investors, Distressed Sales and First Time Buyers
(DBN)

First-time homebuyers are too few in number to absorb inventory overhang
(DBN)

Tight credit hindered buyers
(DBN)

Mortgage rates drop for fifth straight week
(DBN)

Elizabeth Warren Vs. House GOP, Part 2
(DBN)

‘Move-Up’ Home Buyers Moving In
(DBN)

Mortgage Delinquencies Flat as Foreclosures Slow
(DBN)

Mortgage Delinquencies by State: Percent and Number
(DBN)

Americans at risk of foreclosure rose in Q1
(DBN)

Texas passes bill to protect active military from HOA foreclosures
(DBN)

National delinquency, foreclosure rates on the mend
(DBN)

Realtors bond over tough times
(DBN)

A sign that the worst is over
(DBN)

Don't Expect A Housing Market Recovery Until 2014
(DBN)

Homeowners Warned About The Looming Crisis In Adjustable Rate Mortgages
(DBN)

Florida home sales increase 2%
(DBN)

April Las Vegas home sales stagnate and prices slump
(DBN)

Condo Buyers Can Press Suit Against Trump
(DBN)

Developer of Heritage Plantation Real Estate & Golf Development in Crestview, Florida Files for Chapter 11 Bankruptcy Protection
(DBN)

Appaloosa Makes Homebuilder Bet
(DBN)

Multifamily Property Transactions Increased 40% During Q1
(DBN)

Regulators concentrate on commercial real estate risks
(DBN)

Developer Opus settles claims that owners took subsidiary profits
(DBN)

DBRS confirms most U.S. RMBS classes, downgrades 173
(DBN)

_____________

Municipalities:

Why bankruptcy is not the answer
(DBN)

One year later, Central Falls still in peril
(DBN)

S&P bullish on the state of Texas
(DBN)

States tap reserves to pay ‘tobacco bonds’
(DBN)

Chapter 9 Municipal Bankruptcy: The New "New Thing"?
(DBN)

New research: Private prisons don’t save states money, actually cost more
(DBN)

LA: On Track For A Million Food Stamp Users
(DBN)

______________

Trustees:

Getting the Right Bankruptcy Trustee
(DBN)

______________

Avoidance Actions:

Trustee in GRA liquidation (Black Angus Restaurants) files preference complaints
(DBN)

______________

Health Care:

HearUSA Announces Notice From NYSE Amex
(DBN)

Lower Bucks Hospital is granted yet another extension
(DBN)

______________

Autos:

Chrysler raises $7.5 billion, ratings agency says
(DBN)

Chrysler's Makeover Winning
(DBN)

Chrysler details terms of bond offer, term loan
(DBN)

Ford Stock's A Buy But Executives Are Selling
(DBN)

Saab Auto's Suppliers Cautious On Spyker's New China Deal
(DBN)

Honda: More Cars Coming by July
(DBN)

______________

Debt Collection:

Minnesota sues U.S. debt collector for robo-signing
(DBN)

______________

Mass Torts:

Union Carbide Cites Asbestos Suits by Judge’s Dad in Motion to Overturn Record Verdict
(DBN)

______________

Religion:

Church Report Cites Social Tumult in Priest Scandals
(DBN)

______________

Bankruptcy Rules:

U.S. Supreme Court Adopts Revised Bankruptcy Rules; Amendments To Bankruptcy Rule 2019 Will Requires Extensive Disclosure
(DBN)

______________

Sovereigns:

Chart of the day, sovereign credit spreads edition
(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:

Innkeepers, Fisher Island, Borders, Windstar: Bankruptcy
(DBN)

Lehman, Windstar, Sbarro, A&P, Blixseth, Lotus: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Fraud:

Trustee for Liquidation of Bernard L. Madoff Investment Securities Opposes Motion to Dismiss Complaint Against Sterling Equities
(DBN)

Connecticut town goes to court seeking return of pension money lost with Madoff
(DBN)

Bernard Madoff's daughter-in-law has deal for 'heartbreaking' memoir
(DBN)

Madoff Trustee Says Mets Owners ‘Refuse’ to Return $300 Million
(DBN)

Mets Looked at Fraud Coverage for Madoff Stakes
(DBN - NY Times - Paywall Limit Possible)

Bernie Madoff: Lord of the lies
(DBN)

Goffer Trial Witness Says He Traded Merger Tips for Cash-Filled Envelopes
(DBN)

How Rajat Gupta corrupted McKinsey
(DBN)

Los Angeles Businessman Ezri Namvar Convicted of Fraud by Los Angeles Jury
(DBN)

Former Humbolt Creamery CEO gets 30 months in prison
(DBN)

Lawyer McNerney pleads guilty in Mutual Benefits Ponzi
(DBN)

PGA Tour Rebuffs Stanford Receiver's Pursuit of Sponsorship Fees
(DBN)

______________

Baseball:

Dodgers: Jamie McCourt asks judge to order sale of Dodgers
(DBN)

______________

Corporate Reform:

Democrats urge Warren recess appointment to CFPB
(DBN)

Lenders in knots over new mortgage docs
(DBN)

Why GOP is Weakening Consumer Protection
(DBN)

Elizabeth Warren The Latest Victim In GOP War On Women?
(DBN)

Republicans Declare War On Bank Customers
(DBN)

Rule of Law: Banker Criminality Demands Prosecution
(DBN)

______________

Credit/Debit Cards:

Safeguards needed for business credit cards: study
(DBN)

Most Business Credit Cards Evade Practices Consumer Card Laws Prohibit, Pew Says
(DBN)

______________

Insurance:

Arizona federal court permits garnishment from defunct company's D&O
(DBN)

Man Sues Insurers After Adviser Bankrupted His Elderly Mom
(DBN)

And the First-Ever LBW 'Costanza Award' Goes to ... Munich Re Executives!
(DBN)

______________

Video Rentals:

Buy Dish Satellite Service, Get Blockbuster DVDs Mailed to You
(DBN)

Blockbuster Stockholders Hang on to Test Steep Bankruptcy Odds
(DBN)

______________

Opera:

Board of troubled NYC Opera meets to talk future
(DBN)

______________

UK:

New Car Sales Fall 12%
(DBN)

Southern Cross auditor warns of 'significant doubt' over its survival
(DBN)

Football creditor rule under review
(DBN)

Norwich law firm aids Portsmouth FC probe
(DBN)

UK Banks Face Bonus Shake-Up
(DBN)

Treasury Provokes Banks Over Loans
(DBN)

Banks Back £2.5 Billion Fund For Small Businesses
(DBN)

Most small firms to miss out on banks’ new £2.5 billion Business Growth Fund
(DBN)

Appointment of Administrators - 19 May 2011
(DBN)

Winding Up Petitions - 19 May 2011
(DBN)

______________

Canada:

Canadian Home Resales Down 4.4% In April
(DBN)

Bank of Canada: Risks Aren't Gone
(DBN)

______________

France:

After Strauss-Kahn, 'code of silence' may no longer protect French politicians
(DBN)

Analysis: France between denial, anger and grief over DSK
(DBN)

Dominique Strauss-Kahn scandal grips France
(DBN)

‘Perp Walk,’ Naming Victim Divide France, U.S.
(DBN)

DSK saga is not just a French thing
(DBN)

______________

Germany:

Deutsche Bank Denies Bid to Hurt Kirch Group
(DBN)

Deutsche Bank chief testifies in Kirch case
(DBN)

______________

PIGS:

Bank of Ireland faces "challenging conditions"
(DBN)

Troubled financier questioned by NIB in court
(DBN)

P Elliott Enters Receivership With Debts Of Over €500 Million
(DBN)

Financier McFadden insolvent and owes €100m, court is told
(DBN)

Nama Plans Protection For House Purchasers
(DBN)

Quinn's Family Lodge Negligence Suit Against Anglo Irish
(DBN)

Spaniards Protest as Austerity Bites
(DBN)

Bailout Protests Spread: People In Spain Are Chanting "We Want To Be Icelanders!"
(DBN)

Spanish 2-Year Yields On A Tear, And Officially Hit Their Worst Level Of The Year
(DBN)

Mountains Of Hidden Spanish Debt Are About To Be Revealed
(DBN)

______________

Korea:

S. Korean Banks' Bad-Loan Ratio for Real-Estate Projects Rises
(DBN)

______________

Japan:

Tepco posts $15.3 billion fiscal-year loss
(DBN)

Tepco Asks Banks for Low-Interest Loans After Record Loss
(DBN)

Japan Central Bank Keep Key Rate Near Zero
(DBN - NY Times - Paywall Limit Possible)

Capitalists Who Fear Free Markets
(DBN)

______________

Australia:

Crisis 'not the cause of most bankruptcies'
(DBN)

The ABC of a successful corporate rescue: Lessons from the Court receivership of ABC2 Group Pty Ltd
(DBN)

______________

Ukraine:

Ukrainian banking sector: how restructuring and distressed debt trading can restore viability
(DBN)

______________

China:

Andy Xie: Chinese Real Estate Prices Will Drop By 50% In 3 Years
(DBN)

In China, some new cities are ghost towns
(DBN)

______________

MENA:

Syrian forces fire into crowds as thousands protest
(DBN)

Obama calls for billions of dollars in aid to Egypt, Tunisia, Pakistan
(DBN)

______________

 

 

 

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Copyright 2011