May 31, 2011

The Daily Bankruptcy News

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Law:

Gibson Dunn Goes Medieval on Facebook Plaintiff
(DBN)

DLA Piper Takes Former UK Partner to Arbitration over Notice and ‘Gardening Leave’
(DBN)

Weil Gotshal's New SEC Insider
(DBN)

Bankruptcy Pays, for the Advisers
(DBN)

Honors Grad Working as Doc Reviewer Sues Law School, Says She Was Misled by US News Stats
(DBN)

SNR Denton: We shall overcome
(DBN)

IPO Boom Keeps Am Law Corporate Practices Humming
(DBN)

Firm freezes salary bands for associates and trainees
(DBN)

Remember The Allegedly Distracting Woman At Attorney's Table? Counsel's Wife.
(DBN)

What's Wrong With This Paralegal Assistant?
(DBN)

The Confidential Nature of Lawsuits
(DBN)

New fraud allegations in the Chevron Lago Agrio case
(DBN)

The bitter environmental suit against Chevron in Ecuador opens a window on a troubling new business: speculating in court cases.
(DBN)

A ‘Posada Problem’ for Law Firm Partners: Forced Retirement When They Still Want to Practice
(DBN)

Ex-Partner Faces Scotland Yard Probe, Possible Disbarment Over £3M Financial "Irregularity"
(DBN)

In Libya, infamous lawyers Roland Dumas, Jacques Verges offer to defend Gaddafi
(DBN)

Friday Night Lights Out
(DBN)

BLG, Hill Dicks and Gateley warned by SRA over unpaid Halliwells fees
(DBN)

Halliwells’ client money fiasco haunts new owners
(DBN)

Lawyer Wins $900K Suit But Loses $515K Fee Due to Lack of Time Entries
(DBN)

Revised and Less Controversial Loser-Pays Bill Approved by Texas Legislature
(DBN)

Judge Sanctions Law Firm $15K for Allowing Job Bias Client to Hide New Employment
(DBN)

The 10 Attorney Types in Joint Defense Groups
(DBN)

Former Law Partner of Scott Rothstein, 3 Others Face Wire Fraud Conspiracy Charges
(DBN)

Ex-Partner Probed re 7-Figure Sum Once Dated Actor Michael Caine’s Daughter
(DBN)

In Defense of Professor Stadler
(DBN)

How to teach ethics in law schools
(DBN)

Class Action Suit Filed Against Thomas Jefferson School of Law
(DBN)

Lawyer Subpoenaed in Case of False Alarm at Law Firm That Led to Librarian's Firing
(DBN)

Foreclosure Deal, MBIA-Morgan Stanley, JPMorgan in Court News
(DBN)

Meet the Lawyer Who ‘Pretty Much Stole’ Paul Simon’s Show
(DBN)

Tens of Thousands of Pacer Documents Could Have Failed Redactions, Study Suggests
(DBN)

TV lawyers on 'Franklin & Bash' don't take button-up court world too seriously
(DBN)

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Judges:

Federal Bankruptcy Judge Candidate Plans To Resign From Embattled Belle Meade Country Club If Appointed
(DBN)

Sotomayor Got $1.175 Million for Memoir, Forms Reveal
(DBN - NY Times - Paywall Limit Possible)

Federal Judge Says She Is ‘Literally Speechless’
(DBN)

Justice Stevens, Retired but Still Active
(DBN - NY Times - Paywall Limit Possible)

Administrators Monitor Activity in Wake of Personnel Cutbacks
(DBN)

Groups Target Thomas' Wife's Work to Force Him to Sit Out High Court Rulings on Health Care
(DBN)

United States of Justice Kennedy Calls Shots
(DBN)

______________

Wall Street:

US stock index futures signal higher open
(DBN)

Hong Kong Stocks Rises Most in Seven Months on Greece Optimism
(DBN)

Stocks Climb in Europe on Greek Aid Prospects
(DBN)

Stock investors brace for next round of weak data
(DBN)

Roubini Sees Stock-Correction 'Tipping Point'
(DBN)

______________

Layoffs:

More Jobs, but at Lower Wages
(DBN)

May payrolls report really about McJobs
(DBN)

Millions Need Not Apply
(DBN)

N.J. law bars job postings that exclude the unemployed
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Vallejo's bankruptcy a dose of reality for cities
(DBN)

Look: A City Declares Bankruptcy , And The Bondholders Still Get Paid In Full
(DBN)

How Prichard's pension fund went bust: Curious calculations and remedies gone awry
(DBN)

Future shock for some Alabama pension plans, but many are on solid ground
(DBN)

Dark days ahead for Detroit, Oakland
(DBN)

Toll Project Bankruptcies Demonstrate Risk Transfer
(DBN)

A Sucker Punch for State Budgets
(DBN)

California cities are paying price for overspending
(DBN)

Stockton might be next to go bankrupt
(DBN)

Bachus Is Wall Street's Man in Jefferson County
(DBN)

______________

Gaming:

GRIN Founders Claim Square Enix Contributed To Bankruptcy
(DBN)

______________

Religion:

Crystal Cathedral Sells Property for $46M in Bankruptcy Exit Plan
(DBN)

Crystal Cathedral plan: Lease its way out of debt
(DBN)

High-Ranking Jesuits Helped Keep Priest Hidden
(DBN)

______________

Orchestras:

Louisville Orchestra bankruptcy reorganization plan due Tuesday
(DBN)

______________

Fraud:

Two funds claim HSBC profited from Madoff Ponzi scheme
(DBN)

Remaining Belongings Of Bernard Madoff To Be Auctioned Off
(DBN)

Madoff Victim Seeks Divorce Do-Over
(DBN)

Why Men Are Prey To Investment Fraud
(DBN)

Trustee, Fortress units seek to settle Dreier case
(DBN)

Are More Arrests To Come in the Scott Rothstein Saga?
(DBN)

Conrad Black: A world of financial ruin
(DBN)

______________

Resorts:

New resort owner vows to revitalize Daufuskie
(DBN)

Sawgrass consortium get time to revamp debt
(DBN)

______________

Accounting:

Warren Averett Kimbrough & Marino sued over Meadowcraft bankruptcy
(DBN)

______________

Lehman:

Lehman Sued by Real-Estate Investors for Overvaluing Assets
(DBN)

Citigroup Fights to Keep $1 Billion From Lehman
(DBN)

______________

Corporate Reform:

Why banks fear Elizabeth Warren
(DBN)

Recess Appointments and "Vacancies"
(DBN)

Hill fight intensifies over consumer czar
(DBN)

SEC commissioner 'deeply concerned' over whistle-blower rule
(DBN)

Why no jail time for Wall Street CEOs?
(DBN)

______________

Mass Torts:

BP Oil Spill Fund Winding Down, $4B Paid
(DBN)

Was Tony Hayward Right on BP Oil Spill?
(DBN)

______________

Trucking:

Trailer Orders Fell 30% in April
(DBN)

______________

Mail:

US Postal Service Nears Collapse
(DBN)

______________

Health Care:

Our ailing health care
(DBN)

______________

Aviation:

India’s Airlines Struggle to Pay Airport Fees
(DBN)

Air passengers in 'Lord of the Flies' mutiny after seven-hour delay
(DBN)

______________

Economy:

Hoening: Fed Needs to Raise Rates for Savers
(DBN)

U.S. Has Binged. Soon It’ll Be Time to Pay the Tab.
(DBN)

Consumer sentiment rises in May
(DBN)

Goldman Downgrades US Growth Again
(DBN)

US Debt Default? Too Dangerous to Consider
(DBN)

Wall Street Underestimating Risk Of Debt Default
(DBN)

Grover Norquist, the Enforcer
(DBN)

Are Taxes in the U.S. High or Low?
(DBN - NY Times - Paywall Limit Possible)

The Fed’s secret giveaway to European banks
(DBN)

BofA Warns Economy is Slowing
(DBN)

Democrats Haven't Learned the Economic Lessons of Europe
(DBN)

Alwaleed: Saudis Seek Oil Price of $70-$80
(DBN)

Arab oil faces higher 'break-even' price
(DBN)

Crude falls as OPEC pumps more in May
(DBN)

Oil Drops on Slowing US Economy, Europe Debt
(DBN)

Who's to blame when gas costs $1 more than last year?
(DBN)

Goldman Sachs Calls for $5 Gas This Summer
(DBN)

Money managers' bets oil will go higher inch up
(DBN)

NY's Schumer wants probe of oil refiners' profits
(DBN)

TARP did little for American taxpayer
(DBN)

At I.M.F., a Strict Ethics Code Doesn’t Apply to Top Officials
(DBN)

In IMF race, Lagarde has peaked too early
(DBN)

Emerging states working on IMF candidate: South Africa
(DBN)

DSK’s Gameplan: Target the Hotel Maid?
(DBN)

Lawyers dig for dirt in bid to save Strauss-Kahn
(DBN)

Strauss-Kahn’s Defense, In Two Easy Pictures
(DBN)

A Look Inside DSK's Current Dwellings
(DBN)

Sen. Coburn: Cut from Medicare to Reduce Deficit
(DBN)

On Medicare, It's Ryan Plan Versus Bureaucrats
(DBN)

GOP: Defense Spending is No Sacred Cow
(DBN)

20 Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over
(DBN)

Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives
(DBN)

Affluent Americans claw back up the ladder
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

April pending homes sales down 26.5% from year earlier
(DBN)

The Excess Vacant Housing Supply
(DBN)

More Negative Sentiment for Homeownership
(DBN)

Housing Index Expected to Show New Lows
(DBN)

Rising Rents Risk U.S. Inflation
(DBN)

Banks May Negotiate Menu of Payment Options in Foreclosure Deal
(DBN)

Economy gains, yet housing spirals downward
(DBN)

Foreclosure victims not all deadbeats, report says
(DBN)

Realtors group downgrades home sales forecast
(DBN)

Foreclosure starts and delinquences drop in April, LPS reports
(DBN)

Portland home sales and prices slide as foreclosures drag market down
(DBN)

Delinquencies on state HFA mortgages hit record high
(DBN)

NY appellate court scrutinizes the MERS standing issue
(DBN)

Judge blocks Oregon foreclosure, sharply criticizes mortgage industry's practices and MERS
(DBN)

California Court Says Bank Needs to Keep Promises
(DBN)

'St. Paul tragedy' reorganizes
(DBN)

Fannie Mae issuance drops to lowest level since January 2009
(DBN)

Arizona Land Sells for 8% of Price Calpers Group Paid at Peak
(DBN)

Hiring is odd twist in bankruptcy battle
(DBN)

Bank of America Forecloses…On Itself
(DBN)

Morgan Stanley loses bid to toss MBIA lawsuit
(DBN)

Manhattan Office Tower Built During Property Slump Gets Its Second Tenant
(DBN)

____________

Celebs:

Gaga's tour forced her into bankruptcy
(DBN)

Lady Gaga reveals what she has spent her money on...
(DBN)

Bring Lenny Dykstra Into Your Home Today
(DBN)

______________

Ethanol:

Olson brothers filing for bankruptcy after collapse of ethanol market
(DBN)

Wisconsin ethanol pioneers face $100M-plus debt
(DBN)

______________

Hotels:

Reid Park, Doubletree Owner, Files Bankruptcy in Arizona
(DBN)

Monrovia's Aztec Hotel in management dispute of historic proportions
(DBN)

Swiss Chalet, Inc. - San Juan, Puerto Rico Hotel Owner - Files for Chapter 11 Bankruptcy
(DBN)

______________

Steel:

W&K Steel files for bankruptcy
(DBN)

______________

Retailing:

Creditors object to Borders extension
(DBN)

______________

Autos:

Product Liability Winners Made Losers by Big Auto Bailouts
(DBN)

Crash Victims Lose Big in Auto Bailouts
(DBN)

Biden sings praises of auto-industry bailout
(DBN)

Democrats Hitch Ride on Auto-Industry Rebound
(DBN)

Fiat to buy out rest of US stake in Chrysler
(DBN)

Canada says open to selling Chrysler stake to Fiat
(DBN)

Now the hard work begins for Chrysler
(DBN)

Chrysler loan repayment a sign of success, its workers say
(DBN)

Car makers to post weak May sales
(DBN)

GM Moves to Strengthen Finance Arm
(DBN)

Toyota to cut production in Brazil and Argentina
(DBN)

Saab expects Swedish OK of Pang Da funding deal
(DBN)

______________

Banking:

Landmines in a Good Bank/Bad Bank Split
(DBN)

Heritage Bank of Washington Becomes 44th Banking Failure
(DBN)

FDIC Issues 76 Enforcement Actions In April Against Problem Banks
(DBN)

Living wills for banks
(DBN)

Credit Unions Remake Themselves in Image of Payday Lenders
(DBN)

______________

Personal Finance:

Are There Things You Can Do Now to Make for a Better Retirement Later?
(DBN)

______________

Education:

For-Profit Colleges Under Growing Scrutiny
(DBN)

IRS's Next Target: Retirement Plans
(DBN)

______________

Tax:

US funds face huge costs after tax clampdown
(DBN)

With the IRS stepping up tax audits, here's what you need to know
(DBN)

______________

Compensation:

Executive pay is zooming skyward again after pausing a few years for the recession
(DBN)

______________

Baseball:

Major League Baseball throws out fan-backed Mets bid
(DBN)

______________

Credit/Debit Cards:

Banks' New Money Machine: Prepaid Cards
(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:

Madoff, Quigley, Lehman, Blockbuster, Dreier: Bankruptcy
(DBN)

Pro se Claimants Say the Darnedest Things
(DBN)

______________

Bankruptcy Reform:

Bill Strengthens Trustee’s Power to Protect Homeowners
(DBN)

FDIC's Bair Defends Resolution Powers to Skeptical Republicans
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Munich Re Subsidiary Had To Throw That Color-Coded Party To Remain Competitive
(DBN)

______________

Sovereigns:

Sovereign Debt Worries To Lift Gold Again
(DBN)

Pain and state bankruptcy
(DBN)

______________

UK:

UK: Banks Lend to Business at Junk Rates
(DBN)

UK building firms buckle under public sector cuts
(DBN)

Charity hits out at dodgy debt management firms
(DBN)

Nama Financed Hotels and Restaurants in Trouble?
(DBN)

Crackdown on town hall credit card culture
(DBN)

Appointment of Administrators - 27 May 2011
(DBN)

______________

EU:

ECB buys no government bonds for ninth week running
(DBN)

After Portugal nod, Finland faces own fiscal timebomb
(DBN)

Dexia May Submit Restructuring Plan As Early as May 31, EU’s Almunia Says
(DBN)

Markets Fret About Euro 'Slow-Motion Car Crash'
(DBN)

Europe Problems Go ‘Way Beyond’ Greece: Fink
(DBN)

______________

Canada:

Canada Growth Quickens to 3.9% on Business Spending
(DBN)

B.C. bankruptcies steady but high
(DBN)

Blockbuster announces locations set to close
(DBN)

Priszm closes 30 locations, receives court OK for sale of 204 restaurants
(DBN)

______________

PIIGS:

Fitch: Greece Ability To Deliver Targets Increasingly Doubtful
(DBN)

ECB Official: "Orderly" Greek restructuring is a "fairy tale"
(DBN)

EU racing to draft second Greek bailout
(DBN)

In Case It Weren't Obvious Who Really Wins In A Greek Bailout...
(DBN)

Greeks vent anger at entire political class
(DBN)

Reports: Next Greek bailout to include external supervision
(DBN)

The Latest Details On Greece Vs. "The Troika"
(DBN)

ECB won't soften Greek debt stance
(DBN)

Greece to draw new EU-IMF loan for reforms
(DBN)

Dutch Newspaper Mocks Greece’s Financial Situation
(DBN)

Germany reportedly mulls softer stance on Greece
(DBN)

Greece said to be readying new cuts
(DBN)

Greece Will Have To Restructure Its Debt - Roubini
(DBN)

Solutions for Greece's Debt Crisis
(DBN)

Greece may run out of funds within weeks
(DBN)

Greeks favor selloffs to end debt crisis
(DBN)

EU not seeking major role in Greek selloffs
(DBN)

ECB's Coene: market intervention helping Greece
(DBN)

Greek Aid Package to Be Decided by June
(DBN)

Back to the Drachma
(DBN)

Greek Socialists lose poll lead for first time since 2009
(DBN)

Even With Compromise, State Health Plan Faces Bankruptcy
(DBN)

Lawyers prepare to tackle debt law
(DBN)

Court backs FitzPatrick property sale
(DBN)

Eight firms a day go bust
(DBN)

Former Anglo director seeks protection from creditors
(DBN)

Former executive in constitutional challenge to bankruptcy act
(DBN)

Ex-banker in challenge to laws on bankruptcy
(DBN)

Quinns contest Anglo receivership
(DBN)

Ireland may seek more cash
(DBN)

Ireland rules out second bailout
(DBN)

Ex-banker in challenge to laws on bankruptcy
(DBN)

______________

Japan:

Japan Stocks Rise Most in Two Months as Yen Retreats, Production Rebounds
(DBN)

Japan recovery takes hold, but debt downgrade looms
(DBN)

Japan Appears Dispensable as a Supplier
(DBN)

Japan April industrial output up after post-quake plunge
(DBN)

Japan's jobless rate ticks higher in April
(DBN)

Moody's reviews Japan rating for downgrade
(DBN)

Japan's Kan faces calls to step down
(DBN)

Disasters a boon for some firms in Japan
(DBN)

Tepco can't stabilize reactors by year-end: report
(DBN)

S&P cuts Tepco rating to junk , says bank write-offs more likely
(DBN)

Lone Star, Creditors Taking Over Tokyo Star Bank
(DBN)

______________

China:

Goldman Sachs trims China's growth forecast; more banks to follow
(DBN)

Civil Litigation Being Quietly 'Harmonized'
(DBN)

China hikes power prices as shortages loom
(DBN)

Crisis Could End China Boom
(DBN)

China banks to stress-test gov't debt, other risks
(DBN)

D&O fears grow over potential Chinese IPO losses
(DBN)

______________

Russia:

Russia Lifts Key Interest Rate Unexpectedly
(DBN)

Russian envoy claims immunity to dodge car bill
(DBN)

Russia Should Pay Khodorkovsky $35,000 for Human Rights Abuse, Court Says
(DBN)

Russian ex-tycoon Khodorkovsky requests parole
(DBN)

______________

Czech Republic:

Prague Court Puts Sazka Into Bankruptcy
(DBN)

Fortuna Advances Most on Record on Sazka Bankruptcy Ruling
(DBN)

______________

Slovakia:

Executive Director’s liability and obligation to file for insolvency
(DBN)

______________

MENA:

G8, Banks Up Aid to Arab States to $40B
(DBN)

______________

Brazil:

The Brazilian Bankruptcy Law Experiment
(DBN)

______________

Kazakhstan:

BTA Bank’s Bad Loans May Top Original Estimate, Adviser Says
(DBN)

______________

Cyprus:

Fitch Downgrades Cyprus, Outlook Negative
(DBN)

______________

Vietnam:

Vinashin creditors paddle in uncharted waters as shipbuilder sinks in default
(DBN)

______________

Australia:

Australian Economy may have suffered worst contraction since 1991
(DBN)

Australia Slump Could Be Biggest in 20 Years
(DBN)

______________

 

 

 

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Copyright 2011