May 27, 2011

The Daily Bankruptcy News

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Law:

DLA Files Arbitration Against Former London Litigation Co-Head
(DBN)

Eversheds cuts 75 jobs as Accenture deal goes live
(DBN)

Orrick Launches Summer Associate Program in West Virginia
(DBN)

Career Center: Summer Associate Speed Dating (aka Splitting Your Summer)
(DBN)
Saved

Lowenstein Sandler Plays Key Role in Four of 20 Largest Bankruptcy Filings of 2011
(DBN)

Be An In-House Hero: Escheat Audits!
(DBN)

White Hats, Black Hats
(DBN)

Selling in a fragmented legal marketplace: You bet, sweat the small stuff
(DBN)

Small Firm of BigLaw Refugees Handles Credit-Crisis Legal Issues
(DBN)

Legal Hiring Continues to Improve in Some Areas; One Dallas Firm Seeks Up to 30 Lawyers
(DBN)

Tips for Becoming A Small-Firm Superstar
(DBN)

3rd Circuit Says Lawyers’ Involvement in ‘Crude’ Film Wasn’t a Subject-Matter Privilege Waiver
(DBN)

Supreme Court Upholds Arizona Immigration Law; Chief Justice Is PC with Terminology
(DBN)

Jury Mulls Money-Launder Case Against Ex-Clark Thomas & Winters Partner Charged re Billing Practices
(DBN)

Strauss-Kahn, Madoff, Knights of Columbus, Morgan Stanley in Court News
(DBN)

Strauss-Kahn Evidence, Deutsche Bank, Rajaratnam, Lloyds in Court News
(DBN)

Law School Thievery (And One Radical Plan To Stop It)
(DBN)

Do Your Facebook Pictures Prove You’re A Criminal?
(DBN)

Possibly The Most Hypocritical Commencement Speech Ever
(DBN)

Lawyer with $160K in School Debt Develops Student-Loan Practice Niche
(DBN)

Women making 'remarkable' gains in law school deanships
(DBN)

Female Lawyers: Career Track or Inevitable Mommies & Should It Matter?
(DBN)

Non-Refundable Fees Get Attorney Suspended
(DBN)

Fake lawyer pleads to theft charges
(DBN)

Law Firm Bookkeeper Accused of Embezzling $567K, Allegedly Put 210 Forged Checks Into Own Account
(DBN)

Lawyer Accused of Using T------ Photos as Leverage Is Shielded from Liability, Appeals Court Says
(DBN)

Firm in offensive job ad shocker
(DBN)

Top Linklaters partner in leather trouser tax shame
(DBN)

Paul Simon joined onstage by lawyer
(DBN)

Officials Sing ‘You’ve Got a Friend’ to James Taylor, at Drug Court for Backup Singer’s Graduation
(DBN)

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Judges:

Correction: Ex-Cravath Partner Nominated to S.D.N.Y. Is Pretty Stinking Rich
(DBN)

Lenient Judge Put on Leave
(DBN)

65 Judicial Hearing Officers Continue Roles as Volunteers
(DBN)

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Wall Street:

Stock index futures signal higher open
(DBN)

Dow Finishes in the Black
(DBN)

Goldman Sachs Lowers Year-End 2011 S&P 500 Forecast to 1450
(DBN)

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Layoffs:

Jobless claims rose 2.3% last week
(DBN)

Unemployment by Duration Data: Job-Finding and Dropping Out of the Labor Force
(DBN)

GOP Pulls Unemployment Bill
(DBN)

US: Manufacturing Jobs Picking Up
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Car Bailouts Left Behind Crash Victims
(DBN)

Overzealous Dems ignore crucial auto facts, history
(DBN)

Crisis works wonders for Chrysler
(DBN)

Chrysler Repays Billions, Was Bailout Worth It?
(DBN)

CEO says Chrysler Group is now square with the American taxpayer
(DBN)

Chrysler makes a comeback, again
(DBN)

Romney's big plan for Detroit
(DBN)

GM Finds Buyers For Junk
(DBN)

Japan Auto Exports Fell 67% in April
(DBN)

Toyota, Honda global output halved after quake
(DBN)

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Resorts:

Peek'n Peak Resort to be sold at auction
(DBN)

Judge approves plan that could bring Safety Harbor Resort & Spa out of bankruptcy
(DBN)

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Corporate Reform:

Bair: One person could lead CFPB
(DBN)

White House Plans to Curb Regulations
(DBN)

Progressives push for Elizabeth Warren recess appointment
(DBN)

Republican senators urge House to block recess appointments
(DBN)

GOP Senators Turn to Boehner to Stop Recess Appointment
(DBN)

No recess appointments for Obama over Memorial Day break
(DBN)

The Elizabeth Warren confirmation debate
(DBN)

Consumer Agency: A Political Lightning Rod
(DBN)

Efforts to undermine new consumer agency amateurish, dangerous
(DBN)

Who's Really Making Things Up? Elizabeth Warren v. Congress
(DBN)

Elizabeth Warren won a round, but can't win the fight
(DBN)

Banker lends his support to a potential U.S. regulator
(DBN)

Obnoxious Hearing Makes Elizabeth Warren More Popular Than Ever
(DBN)

The New SEC Whistleblower Rules: What Do They Mean?
(DBN)

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Rock N' Roll:

Rocking, Rolling and Restructuring
(DBN)

______________

Aviation:

IATA demands $2m from Air Zimbabwe
(DBN)

During Flight, Pilots Cover Cockpit Windows With Newspaper
(DBN)

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Religion:

Crystal Cathedral to be sold to pay off debt, emerge from bankruptcy
(DBN)

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Gambling:

Station Casinos Wins Nevada Gaming Regulators' Approval of Bankruptcy Plan
(DBN)

______________

Economy:

Stubborn Jobless Claims Still Keep On Climbing Higher
(DBN)

Consumers hold back growth, rebound seen muted
(DBN)

Kansas City Manufacturing Survey: Activity was largely unchanged in May
(DBN)

Economy Struggles to Regain Speed
(DBN)

Economic Slowdown: Temporary or Something Worse?
(DBN)

Q1 real GDP growth unrevised at 1.8% annualized rate
(DBN)

OECD: US Faces Crisis, Must Raise Interest Rate
(DBN)

Pimco: Savers Will Suffer for 15 Years
(DBN)

The Day the United States Defaulted on Treasury Bills
(DBN)

Clinton Retracts Default Comments
(DBN)

Republican senators say Geithner wrong on default
(DBN)

Sorry, Creditors: I've Already Reached My Debt Ceiling
(DBN)

U.S. at Risk of Default as Cost to Insure U.S. “Ponzi Scheme” Against Default Rises Sharply
(DBN)

US Economy Was Damaged by Japan Quake
(DBN)

New Prosecution Team vs. Strauss-Kahn
(DBN - NY Times - Paywall Limit Possible)

Dominique Strauss-Kahn's Defense Team Has Evidence That "Gravely Undermines" The Maid's Credibility
(DBN)

Strauss-Kahn Accuser Expects Reputation Attack
(DBN)

Welcome to Strauss-Kahn's new 'jail'
(DBN)

Stocks Commodities Climb as Dollar Weakens, Default Risk Falls
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Distressed Homes Sold at 27% Discount
(DBN)

Spring home sales largely flat: Radar Logic
(DBN)

Foreclosure Sale Discount by State
(DBN)

America's Foreclosure Wastelands
(DBN)

10 States: Foreclosures Have Big Discounts
(DBN)

HAMP disappoints most homeowners, housing counselors say
(DBN)

Connecticut, Utah AGs send accusatory letters to Bank of America
(DBN)

DOJ settles with BofA and Saxon over SCRA foreclosure violations
(DBN)

What can the LPS Lawsuit Tell Us About Why Investigating Foreclosure Fraud Matters?
(DBN)

Q&A: Educating lawyers, consumers on 'robo-signing' case
(DBN)

Mortgage Form Makeover: What Do You Think?
(DBN)

Judge denies bank's attempt to take over First National Center
(DBN)

Credit Suisse and Merrill Lynch get hefty subprime RMBS fines
(DBN)

S&P identifies troubling trends in CMBS market
(DBN)

Barney Frank Got Partner Fannie Mae Job
(DBN)

_____________

Oil/Gas:

Fredriksen says "shocked" by probe, oil trade legal
(DBN)

Senators pressure Obama administration to crack down on oil speculators
(DBN)

Wiki: Saudis Often Warned US on Speculators
(DBN)

OPEC Braces for Rising Oil Demand
(DBN)

Oil Rises to Two-Week High
(DBN)

Sevan on the financial skids
(DBN)

______________

Fraud:

Mets owners file motion to move Madoff lawsuit from bankruptcy court into federal district court
(DBN)

Madoff Investors Object to $43.9 Million Fee Request by Trustee, Law Firm
(DBN)

Stanford Investors Sue Former Auditor for $10.7 Billion
(DBN)

New Stanford International Bank Limited liquidators put in place
(DBN)

Two get five years each in prison for $800M LeNature's scheme
(DBN)

Former Nasdaq executive pleads guilty in insider-trading case
(DBN)

Fraudster facing 20 years
(DBN)

______________

Banking:

Colonial asks judge to reconsider bankruptcy plan
(DBN)

FDIC: Number of Problem Institutions Remains at Record Levels
(DBN)

______________

Municipalities:

Vallejo Wins Court Approval to Send Bankruptcy Plan to Creditors for Vote
(DBN)

20 Cities Having an Awesome Recovery
(DBN)

Residents of NY's cash-strapped Newburgh call for bailout
(DBN)

City of Newburgh calls for state receivership
(DBN)

RI Senate passes municipal-bankruptcy bill
(DBN)

Compton manager says bankruptcy talk is 'premature'
(DBN)

Glare of Atlanta pension fight gets hotter
(DBN)

Bing drags feet on fixing Detroit
(DBN)

______________

Banking:

FDIC's Bair Seeks To Dispel Concerns About New Authority
(DBN)

______________

Retailing:

Starbucks Unit Objects to Ending Borders Licensing Agreement
(DBN)

Seattle's Best protects brand after Borders split
(DBN)

______________

Politics:

GOP Candidates Court Big Business
(DBN)

______________

Celebs:

Tom Hanks Loses Contractor Dispute Before Arbitration Panel
(DBN)

______________

Baseball:

Einhorn Buys Stake in New York Mets
(DBN)

______________

Debt Collection:

Los Angeles Creates "Collection Sheriff" Position
(DBN)

Federal Suit Can Proceed Against Law Firm Accused of Abusive Collection Practice
(DBN)

______________

Education:

For-Profit Colleges Spend Less On Educating Students Than Public Universities
(DBN)

______________

IP:

Avoiding danger at the intersection of bankruptcy and intellectual property law
(DBN)

______________

Hollywood:

David Bergstein Settles Hedge Fund Lawsuit for $70 Million
(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:

Quigley, MSR Resorts, Palm Harbor, Lehman, Dreier: Bankruptcy
(DBN)

Tribune, A&P, Viceroy, NEC, Tousa, PJ Finance: Bankruptcy
(DBN)

______________

Trustees:

Madoff Trustee Picard Charges $5803 Daily, Lawyer Says
(DBN)

______________

Sales:

A sale “free and clear” is not necessarily free and clear of all future tort liability
(DBN)

______________

Equity:

Can They Do That? A Look Back At Precedent for the Bankruptcy Court’s Equitable Powers
(DBN)

______________

Committees:

To serve or not to serve? The creditors' committee conundrum
(DBN)

______________

Plan Confirmation:

The gifting doctrine post-DBSD North Am., Inc.
(DBN)

Bankruptcy court’s solution to revive a plan based on failed substantive consolidation
(DBN)

______________

Lehman:

Citigroup Says Lehman Brokerage's $1.3 Billion Clawback Suit 'Fails'
(DBN)

Citi seeks to keep $1bn Lehman collateral
(DBN)

______________

Insurance:

“Covered or not covered: that is the question” - a discussion of directors & officers insurance coverage issues
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Motorcycles:

Harley dealer's bankruptcy case takes hard turn
(DBN)

_____________

Pensions:

For Baby Boomers - The Hour It Is Getting Late
(DBN)

______________

Freight:

Intermodal Volume Hits 2011 High
(DBN)

______________

Hotels:

Doubletree applies for bankruptcy protection
(DBN)

Bankrupt San Diego hotel sells for $49 million
(DBN)

______________

Accounting:

Allen Stanford Investors Sue His Accounting Firm
(DBN)

______________

Food//Beverage:

U.S. Trustee Asks Court to Convert or Dismiss the Bankruptcy Cases of Duke & King Acquisition Corp. & Affiliates
(DBN)

______________

UK:

Insolvency reform will cost businesses say Big Four and R3
(DBN)

UK business failure rates show marked improvement
(DBN)

“Sword of Damocles:” pensions in an English insolvency
(DBN)

Legal Challenge Delays UK FSA's Probe Into Keydata
(DBN)

Appointment of Administrators - 25 May 2011
(DBN)

Winding Up Petitions - 25 May 2011
(DBN)

______________

EU:

Causes, Solutions and Ramifications of a Eurozone Demise
(DBN)

Is the euro zone headed for an Arab Spring?
(DBN)

EU Crisis Creates Buying Opportunities In The US
(DBN)

______________

PIGS:

Greece Is 'Insolvent,' Unlikely to Honor Debt, ECB Economist Issing Says
(DBN)

Foreign state asset manager for Greece?
(DBN)

Privatizing Greece: Not the solution
(DBN)

Greek PM meets opposition in new bid for consensus
(DBN)

IMF Asks For A New Loan, Threatens With Non-Disbursement Of Aid Tranche
(DBN)

Juncker: IMF Needs 12-Month Greek Financing Guarantee
(DBN)

No new Dutch aid to Greece without IMF -Dutch PM
(DBN)

Greece aid assured if EU/IMF satisfied-Juncker spokesman
(DBN)

Lagarde, Juncker, and Greece's solvency
(DBN)

Are Greek bonds pricing in a massive default?
(DBN)

IE: Receiver appointed over major building firm
(DBN)

______________

Mexico:

Update on Mexican bankruptcy law
(DBN)

______________

Czech Republic:

Court Postpones Sazka AS Creditors Meeting
(DBN)

______________

Japan:

New leak feared at stricken Japan nuke plant
(DBN)

Fukushima Levels Compared to Chernobyl
(DBN)

Japan Ends 25 Months of Deflation
(DBN)

Japan's AA- Rating Outlook Lowered to Negative by Fitch in Warning to Kan
(DBN)

Could Japan's Debt Lead to a Crisis?
(DBN - NY Times - Paywall Limit Possible)

______________

MENA:

Battered Libya Sues for Peace
(DBN)

Revolt battering Syria's economy
(DBN)

______________

Korea:

Korea's debt-ridden households
(DBN)

______________

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Copyright 2011