November 18, 2011

The Daily Bankruptcy News

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Law:

US News and World Reports: Best Bankruptcy Law Firms
(DBN)

4 Reasons to Be Thankful for Your Biglaw Job This Thanksgiving
(DBN)

Add $1M More to Funds Ex-Counsel of Crowell & Moring Is Accused of Taking from Client Trust Accounts
(DBN)

Legal Industry Sees Robust Collections, Slowing Demand in Third Quarter of 2011
(DBN)

UK firms announce revenue up: but gloom predicted for remainder of year
(DBN)

Barclays, NetJets, Berezovsky, Toyota, Sandoz, Strauss-Kahn in Court News
(DBN)

Freshfields, A&O Lead on Virgin's $1 Billion Bank Purchase from U.K.
(DBN)

$42 mln malpractice suit against firm may proceed: appeals court
(DBN)

The Life and Death of the Michigan ‘Wolverine Scholars’ Program
(DBN)

Law School Transparency: More signs of progress
(DBN)

5 Tips for Current or Prospective Law School Students in a Difficult Economy
(DBN)

How A Comment On An Internet Message Board Broke The Jerry Sandusky Case Wide Open
(DBN)

Are Pennsylvania’s ‘Presentments’ Fair to Defendants?
(DBN)

Alleged Victim Intends to Testify at Sandusky Hearing, Lawyer Says
(DBN)

Penn State Girds for Backlash as Students Seek Jobs
(DBN)

Sandusky cover-up: Why is Kenneth Frazier leading the investigation at Penn State?
(DBN)

Penn State’s Former Top Lawyer Says He Had No Inkling About Sandusky Allegations Till 2009
(DBN)

Small Firm Apps
(DBN)

Occupy Wall Street, Olympus, UBS, BP, Boeing in Court News
(DBN)

House Passes Right-to-Carry Bill
(DBN)

Is Ann Taylor Store a ‘Necessary Expedition’ for Female Attorneys in DC?
(DBN)

New Management Trend Is ‘Gamification’ of the Workplace
(DBN)

All Bets Are Off When You Kill a Lawyer’s Dog
(DBN)

Big brother, as we all have plenty of reason to believe, is watching everyone.
(DBN)

The Supreme Court Weighs the Implications of Big Data
(DBN)

Product Review: The Clydesdale Hauler Cart for Courtroom Readiness :))
(DBN)

Report: Teacher sold grades to pay debts
(DBN)

65-year-old woman with an iron-like grip
(DBN)

Assault With A Deadly . . . Ham?
(DBN)

True Love?
(DBN)

City Makes Public Statement Regarding the Sugar Plum Fairy
(DBN)

Couple Bug Developmentally Disabled Student To Hear Teacher Bullying
(DBN)

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Judges:

Panel says federal bankruptcy judge in Tenn. should not be member of segregated country club
(DBN)

Procedures for Judge Bason (Los Angeles)
(DBN)

Judge Posner Urges Deference for Schools, Says ‘Coddled’ Kids Should Roll with the Punches
(DBN)

Judge Suspended for Living Outside Her District; Are Her Decisions in Question?
(DBN)

Justice Breyer urges checking presidential power
(DBN)

Should Elena Kagan recuse herself from the Obamacare case? Of course not.
(DBN)

New Judge Named in Penn State Scandal
(DBN)

Courthouse ‘Nurse-In’ Planned in Support of Mom with Nursing Baby Called Out by Judge
(DBN)

Dear Magistrate Judge: The Stones Are Not Just a "Music Band."
(DBN)

Are the SEC and Citigroup Deceiving A Federal Judge?
(DBN)

Can Rakoff consider 'public interest' in Citi/SEC settlement?
(DBN)

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Wall Street:

Stock futures signal slight gains for equities
(DBN)

Stocks Sink; Spain Becomes Latest Worry in Europe
(DBN)

US Stocks Slump on Concern Europe's Crisis Is Worsening
(DBN)

Hundreds of protesters march on NY's Wall Street
(DBN)

Occupy Wall Street protesters fan out from Wall Street - Arrests nationwide
(DBN)

Arrests Made As OWS Protesters Take Part In "Day Of Action"
(DBN)

Occupy protesters arrested in NYC finance district
(DBN)

What It Was Like To Be In The Middle Of The Dramatic Protest On Wall Street
(DBN)

Wall Street's Long History of Violence
(DBN)

Protesters Blocked in Attempt to Disrupt NYSE
(DBN)

Wall Street Marchers Cross Brooklyn Bridge
(DBN)

NYC Protesters Chant 'Follow Those Kids!' As Small Children Try To Get To School
(DBN)

Fury At Sinking Economies Drives Global Demos
(DBN)

These Guys Are Definitely Wall Street's Heroes
(DBN)

Tea Party, Occupy movements fail to capture Americans' hearts
(DBN)

Evictions Mark a New Start for 'Occupy Wall Street,' Not an End
(DBN)

Occupy Dallas Evicted
(DBN)

Protesters snarl Los Angeles freeway traffic
(DBN)

Bill Ayers teaches Occupy Chicago
(DBN)

Occupy Protesters Consider Demands
(DBN)

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Layoffs:

Unemployment claims drop
(DBN)

Larger Temporary Workforce Could Be New Normal
(DBN)

How Household Debt Contributes to Unemployment
(DBN)

A Pathbreaking New Study Shows What's Really Causing Sky-High Unemployment
(DBN)

Bank of America Starts Firings
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Drink:

Sbarro's bankruptcy plan wins court approval
(DBN)

Friendly’s CEO, Sun Capital Ring Up Hefty Expense Tabs
(DBN)

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Telecoms:

Bankrupt wireless firm got loan push from taxpayer 'superhero'
(DBN)

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Municipalities:

Alabama County Steps Up Muni-Default Pace
(DBN)

JeffCo legal fees to reach $1.5M a month
(DBN)

Municipal borrowing costs may rise after JeffCo bankruptcy
(DBN)

Muni Investors Undeterred by Jefferson Bankruptcy Add to Funds
(DBN)

Lessons from Orange County
(DBN)

Jefferson County bankruptcy another Alabama "punt"
(DBN)

Bond trustee: Sewer receiver John S. Young's status equal to state officer
(DBN)

Alabama county bankruptcy was a surprise: receiver
(DBN)

Jefferson County Receiver Fights to Control Star-Crossed Sewers
(DBN)

Jefferson County Receiver Says Removal Would Harm Muni Debt
(DBN)

Bridgeport – Distressed but not Insolvent
(DBN)

Harrisburg City Council responds to objections to Chapter 9 eligibility
(DBN)

Illinois Courts Caterpillar for Factory Amid 10% Unemployment
(DBN)

IL Gets $1B Surprise as Obligations Jump
(DBN)

Detroit Police, Firefighters Avoid Layoffs, Face Wage Cuts
(DBN)

Is this the End? Detroit's Mayor Dave Bing Says City on the Brink of Insolvency
(DBN)

Economist: Without big reforms, Detroit will default in 4 months
(DBN)

Detroit City Council rushing to devise harder-hitting plan
(DBN)

Detroit's financial crisis mirrors auto industry turmoil
(DBN)

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Corporate Reform:

US Regulators' Epic Fail
(DBN)

CFPB Head Lashes Out at Conservative Critics
(DBN)

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Mail:

How the US Post Office Fell Apart
(DBN)

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Compensation:

Executive Pay: Don't Blame the CEO
(DBN)

Corporate Succession Issues Underlie Gaps in Executive Pay
(DBN)

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Economy:

Jobs, housing data bolster growth outlook
(DBN)

U.S. Economy Growing at Fastest Pace of the Year
(DBN)

US Debt To GDP Hits 102% And Rising
(DBN)

United States of Hunger
(DBN)

Philly Fed (Sort of)Breaks Streak of Better Economic Data
(DBN)

Consumers' Outlook Improves to Four-Month High
(DBN)

Jon Stewart: The Super Committee Is SuperBad
(DBN)

Gloom Around Deficit Panel Grows
(DBN)

Debt Panel Members Harden Positions
(DBN)

Big Bipartisan Group of Lawmakers Push Deficit Panel to Aim High
(DBN)

Bowles, Simpson Aren't Optimistic on Debt Deal
(DBN)

Tea Party Would Cut $9 Trillion
(DBN)

A Complete Guide To Surviving A Lost Decade
(DBN)

The 10 Largest Family Businesses In The U.S.
(DBN)

The Interests Of Global Elites Are Diverging
(DBN)

The Industrial Age Has Finally Run Out of Gas
(DBN)

U.S. Company Credit Risk Jumps to One-Month High On Europe Debt Concerns
(DBN)

Millionaires in Congress: Tax Us More
(DBN)

GOP Tax Plan at a Glance
(DBN)

Census Bureau projects 9 million Americans to be 90 or older in 2050
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Dudley Says Fed's Options to Boost Economy Include Buying Housing Debt
(DBN)

Average rate on 30-year fixed home loan at or below 4 percent for 3rd straight week
(DBN)

Prime-Mortgage Standards Tighter Than Pre-Boom Levels
(DBN)

Housing Starts in U.S. Declined 0.3% in October - But No Turnaround
(DBN)

Housing affordability improves in California
(DBN)

House rejects bill allowing modified mortgages to count as performing
(DBN)

California attorney general's office subpoenas Fannie, Freddie
(DBN)

Fannie and Freddie’s Double Outrage — Millions in Bonuses and Subsidies for Millionaire Mortgages
(DBN)

Huge pay cuts may come to Fannie Mae, Freddie Mac
(DBN)

New Audit Information: FHA Facing Bankruptcy
(DBN)

HAMP chief to leave Treasury
(DBN)

Foreclosures Rise for First Time in Year as Backlogs Ease
(DBN)

Lawmakers Contradict on Speeding up Foreclosures
(DBN)

Nevada Pursues (Alleged)Perjurers
(DBN)

Nevada indicts 2 LPS employees on 606 counts of robo-signing
(DBN)

Robo-Signing Moves from Civil to Criminal ‎
(DBN)

Robo-signing slowdowns could be at an end, officials say ‎
(DBN)

Processor: No wrongful foreclosures tied to Nevada indictments
(DBN)

10 States Where Foreclosures Are Severely Undercutting Home Prices
(DBN)

Starwood Property Prepping For European Fire Sales
(DBN)

Luxor Is Poised to Take Control of William Lyon in Restructuring
(DBN)

Loans Lose All Value, and More
(DBN)

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Banking:

Banks in U.S. Facing 'Serious Risk' on Contagion From Europe
(DBN)

Why Not Break Up Citigroup?
(DBN)

Hoenig Says He Doesn't Support Bailouts for Too-Big-to-Fail
(DBN)

U.S. Regulators Clarify Bank Asset Size Rules Under Dodd-Frank
(DBN)

UBS slashes investment bank, cuts profit targets
(DBN)

Bove: UBS Has to Shrink Bank to Meet Capital Rules
(DBN)

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Aviation:

American Airlines' Dilemma: Creditors In The Captain's Seat
(DBN
)

United Labor Tension Damps Promise of $1.2 Billion Merger Gain
(DBN)

Thanksgiving travelers get frugal but making trips
(DBN)

How Kingfisher Airlines Mismanaged Itself To The Brink Of Bankruptcy
(DBN)

Jet Says Air India Fares a Problem as Kingfisher Cut Flights
(DBN)

Airline Passengers Bound For The UK Were Stranded In India And Asked For Extra Cash For Fuel
(DBN)

Pilot gets stuck in bathroom, sparks terror scare
(DBN)

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Shipping:

General Maritime Files Bankruptcy With $1.4 Billion in Debt
(DBN)

Shipping companies show strain as industry struggles
(DBN)

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Baseball:

Fox says to seek dismissal of Dodgers bankruptcy
(DBN)

Fox Sports expands reach of lawsuit to Frank McCourt
(DBN)

New Dodgers owner can sell merchandise rights
(DBN)

Frank McCourt says he has no intention of leaving LA
(DBN)

Dodgers Owe $555 Million, Most Indebted Team In Baseball History
(DBN)

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Retailing:

Hahn & Hessen Selected as Counsel to Creditors' Committee in the Filene's Basement and Syms Corp. Bankruptcy
(DBN)

Black Friday 2011 deal mania: Thanksgiving hours spark backlash
(DBN)

Sears Loss Hits $421 Million, and Gap's Profit Is Off 36%
(DBN)

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Radio:

Cumulus Media Puts AR Broadcasting Unit, Into Prepack Bankruptcy
(DBN)

For just 4 stations, Cumulus files a "pre-packaged bankruptcy"
(DBN)

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Student Debt:

College Grads Share Their Student Loan Horror Stories
(DBN)

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Autos:

GM chief says public is past anger over bailout
(DBN)

GE filed 57k-page tax return; paid no taxes on $14b in profits
(DBN)

Treasury Admits What Everybody Already Knew: Taxpayer Losses On GM Bailout Are Going to be Massive
(DBN)

GM: Europe 'More Serious' Than 2008 Bubble
(DBN)

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Electricity:

PSC argues over entering Southern Montana Electric bankruptcy ...
(DBN)

Southern reverses decisions made without quorum, full board
(DBN)

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Religion:

Catholic Bishops Issue Hollow Plea for Sympathy
(DBN)

Vatican Calls in the Lawyers to Snuff Out Kiss Campaign
(DBN)

Crystal Cathedral Congregants Anxious
(DBN)

OC Catholic diocese to buy bankrupt Crystal Cathedral
(DBN)

Chapman U. Loses Its Bid for the Bankrupt Crystal Cathedral's Campus
(DBN)

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Hockey:

Gaglardi expected to become Dallas Stars' owner Friday
(DBN)

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Fraud:

Madoff Explains Everything
(DBN)

NJ Ordered To Refund Taxes Paid by Madoff Victims
(DBN)

Galleon Says It Was Victim of Skowron Inside Trades as He Faces Sentencing
(DBN)

Lawyer who represents R. Allen Stanford in civil suit can't have in-person access to his client until criminal case is completed
(DBN)

U.S. Prosecutors Seek Delay in SEC Case Against Rajat Gupta
(DBN)

Rajaratnam To Appeal $92 Million Fine
(DBN)

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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)

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Miscellaneous:

MF Global, Sumo, Dodgers, Giordano's, Lehman
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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MF Global:

MF Global Trustee to Use 'Whatever Legal Means' to Maximize Estate Assets
(DBN)

Did MF Global’s Collapse Lead to Thin Stock Trading Volume?
(DBN)

Probe Points to MF Use of Segregated Customer Funds
(DBN)

MF Global Said to Have Shifted Client Funds to Own Brokerage
(DBN)

MF Said to Have Shifted Hundreds of Millions
(DBN)

CME Group clarifies on MF Global's segregated accounts|
(DBN)

MF Global Is Said to Have Used Customer Cash Improperly
(DBN)

CME May Face ‘Liability’ In MF Global Disclosure, Goldman’s Harris Says
(DBN)

CME Group Blasts 'Inaccurate' Report Which Said It Was In Hot Water
(DBN)

MF Global Trustee Can Transfer $520 Million to Customers
(DBN)

MF Global Clients Get Relief But, No Resolution
(DBN)

Relief, but grief from MF Global clients
(DBN)

MF Global cuts 141 more jobs
(DBN)

Once Hailed For Financial Prowess, Corzine Takes Steep Fall After MF Global Bankruptcy
(DBN)

Fed President Bullard May Come To Regret This Comment About MF Global
(DBN)

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Health Care:

Clark hospital seeks support
(DBN)

US Workers' Health Premiums Rose 63% in 7 Years
(DBN)

One in four American women take medication for a mental disorder
(DBN)

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Politics:

Warren won't sign off on Occupy Harvard
(DBN)

Brown Not Odd, Only Cynical
(DBN)

Rick Perry Wants to Debate Nancy Pelosi?
(DBN)

Perry Slams Insider Trading, Critics Call Foul
(DBN)

How Obama Can Survive a 2012 Recession
(DBN)

Gingrich: I Never Lobbied for Fannie Mae, Freddie Mac While Holding Public Office
(DBN)

Gingrich the “Historian” Evades his Own Past
(DBN)

Gingrich's Philandering May Be Eclipsed by Outcry Over Freddie Mac Payday
(DBN)

Fannie, Freddie tentacles embraced many in Washington
(DBN)

Is Gingrich Lying Over Freddie Mac Involvement?
(DBN)

Abramoff: ‘Vassals’ in Congress Do Lobbyist Bidding
(DBN)

Cain: 'We Need A Leader, Not A Reader'
(DBN)

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Alternative Energy:

Solyndra Funds Mostly Lost to Taxpayers, Chu Tells Lawmakers
(DBN)

Chu says WH did not contact him on Solyndra loan
(DBN)

US official: merits not politics guided solar loan
(DBN)

Solyndra Refinancing Not Illegal, Chu Tells Lawmakers
(DBN)

Meet the 'know-nothing' defense
(DBN)

Chu balks at apologizing for Solyndra deal
(DBN)

Chu: Companies fail when market collapses
(DBN)

House subcommittee chair calls for Chu's ouster following Solyndra testimony
(DBN)

Republicans May Have Totally Killed The Solyndra Scandal By Bullying Steven Chu
(DBN)

Solyndra Hearing Gets Testy Ahead Of Chu's Testimony
(DBN)

Solyndra lawyers say they received no bids for bankrupt company's assets
(DBN)

Solyndra Has a Cousin in the Poorhouse
(DBN)

Beacon Power says it may have to liquidate
(DBN)

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UK:

Bankruptcy could be made 'cheaper and easier'
(DBN)

Bankrupts 'need better bank access'
(DBN)

Germany's secret plans to derail a British referendum on the EU
(DBN)

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EU:

Here’s What It Might Take to Get Germany to Approve ECB Money Printing
(DBN)

European Rift on Bank’s Role in Debt Relief
(DBN)

European Children More Likely to Outperform Parents Than Americans
(DBN)

Europe is a Tinderbox
(DBN)

Words of a Euro Doomsayer Have New Resonance
(DBN)

Euro up but shares weighed by debt fears
(DBN)

Will the north pay politically for the south's economic mess?
(DBN)

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PIIGS:

Poor Bond Auction Means Spain Should Be 'Very, Very Worried'
(DBN)

Contagion laps at Spain's shores
(DBN)

Spanish Borrowing Costs Soar to 14-Year High
(DBN)

Fitch Rattles Market Again, This Time With Warning on Italy
(DBN)

Italy’s New Premier Offers Broad Plan to Reform Finances and Spur Growth
(DBN)

Monti prepares Italy for more pain; Violence flares in Milan
(DBN)

ECB Continues Italian Bond Purchases, Propping up Euro
(DBN)

Greek protesters clash with police at US Embassy
(DBN)

Greek police tear gas austerity protest
(DBN)

Greek protests as France, Spain face borrowing squeeze
(DBN)

IMF to Wait for Political Support for Greek Funds
(DBN)

Greek Government to Start Talks on Voluntary Debt Swap
(DBN)

Irish Government Draws Fire as Budget Plans Shown to Lawmakers in Germany - Bloomberg
(DBN)

Bank starts challenge over Quinn bankruptcy
(DBN)

Cockamamie Scheme Du Jour: ECB to Lend to IMF to Lend to PIIGS
(DBN)

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Germany:

German Investor Confidence at 3 Year Low
(DBN)

Projected Reform of German Insolvency Law: Recapitalization instead of Liquidation of Companies?
(DBN)

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Japan:

Japan probes possible Olympus gangster link
(DBN)

Ex-Olympus Chief Said to Face Questions by SEC
(DBN)

The Latest Beauty Craze In Japan
(DBN)

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Korea:

Builders face bankruptcy amid property slump
(DBN)

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Hong Kong:

HK bankruptcy petitions fall 1.4 pct in Oct vs Sept
(DBN)

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Africa:

IMF: Swaziland on the verge of bankruptcy
(DBN)

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Mexico:

Apocalypto for Bondholders?
(DBN)

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Copyright 2011