November 22, 2011

Also available on the Web (with links to the news stories)	Click Here
View prior editions:	Click Here
View prior case summaries:	Click Here
Search prior headlines:	Click Here
Search prior case summaries:	Click Here

Law:

Training for Lawyers? The U.K. is Asking ‘Why Bother?’
(DBN)

Want to Make Law School a Better Bet? Require Waivers and Give Rebates to Dropouts, Yale Profs Say
(DBN)

The Costs of Legal Scholarship: $575M in Tuition and Grads Who Don’t Know How to Practice
(DBN)

USC Law School Drops Launch of Tax LL.M. Program Because of Poor Job Prospects for Grads
(DBN)

It’s Beginning to Look a Lot Like a Non-Biglaw Christmas
(DBN)

Steven J. Baum PC, New York Foreclosure Firm, to Shut Down
(DBN)

The Demise of Steven J. Baum PC: A Chronology
(DBN)

Bryan Cave Names New Bankruptcy Partners
(DBN)

Weil Team Facilitates Sale of Dallas Stars Hockey Team
(DBN)

Malpractice Suit Proceeds Against Pryor Cashman
(DBN)

Showing, Not Telling, That You’re Competent
(DBN)

Boies, Skadden File $25 Billion Derivative Suit Against U.S. for Hank Greenberg over AIG 'Backdoor Bailouts'
(DBN)

Starr and Greenberg File Fiduciary Case Against FRBNY After AIG Takeover
(DBN)

Starr and Greenberg FileTakings Claim in AIG Takeover
(DBN)

Gunster to open in Tampa with ex-Ruden lawyers
(DBN)

Penn State investigator Freeh had rocky FBI tenure
(DBN)

Is Jury Deadlocked in Trial of Attorney Accused of Plotting Contract Hit on Witness?
(DBN)

Message from Career Services: Ladies, Please Learn How to Dress Yourselves
(DBN)

Cops Summoned To Elementary School After Girl Kisses Boy In Phys Ed Class
(DBN)

Mummified Patient Can Take Paramedics to Trial
(DBN)

Elderly Man Is ‘Surprised as Hell’ When Passengers in His Stolen Car Sue over Crash
(DBN)

Former Hofstra 1L Accused of Impersonating a Psychiatrist
(DBN)

Teenager Blames DUI Crash On "Twilight" Snub
(DBN)

Mom irate after 5-year-old's ears are pierced at day care
(DBN)

Mug Shots
(DBN)

______________

Judges:

Judge Marries Couple at Coffee Shop After Bomb Threat Closes City Hall
(DBN)

Conservative federal appeals court shifts left
(DBN)

Why Won't The Supreme Court Allow TV Cameras?
(DBN)

______________

Wall Street:

US stock index futures signal mixed open
(DBN)

Wall St. Slides on Pessimism Over Europe and Deficit
(DBN)

S&P 500 Puts to Guard Against 20% Decline Reach Record
(DBN)

Debt Disappointment Sinks Stocks
(DBN)

Super-committee on Stock Slide: “Who? Us?”
(DBN)

Wall Street Wonders If Shrinking Will Last
(DBN)

Protesters Have A New Action Plan, And This Time It Could Seriously Hurt The Economy
(DBN)

The Heroes of Wall Street Are Actually Barred From Wall Street
(DBN)

Occupy Wall Street at a 'Tipping Point'
(DBN)

Occupy our consciences
(DBN)

Protesters Ignore American Love of Entrepreneurs
(DBN)

For a Movement, a Question: What Now?
(DBN)

Poll: ' Occupy ' movement fails to capture Americans' interest
(DBN)

Occupy Wall Street has money to burn
(DBN)

Wall Street Unoccupied With 200,000 Job Cuts
(DBN)

Occupy Wall Street protesters arrested outside Mayor's home
(DBN)

University president vows pepper-spraying probe
(DBN)

Pepper Spraying at UC Davis Leads to Police Suspensions
(DBN)

Occupy camp at Oakland's Snow Park cleared out
(DBN)

Occupy Oakland Calls For Shutdown Of ALL West Coast Ports
(DBN)

Rally protests Occupy Portland camp eviction
(DBN)

______________

Layoffs:

Hiring Hotspots Emerge, But Mobility Is an Issue
(DBN)

A Blow to Pinstripe Aspirations
(DBN)

As Layoffs Rise, Stock Buybacks Consume Cash
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Oil/Gas:

Oil falls on global growth fears, debt woes
(DBN)

______________

Food/Beverage:

No Happy Ending for Friendly's
(DBN)

After bankruptcy auction, Friendly's parent could go back to old owner
(DBN)

______________

Directories:

Local Insight Media emerges from bankruptcy with new name, new leaders
(DBN)

______________

Sporting Goods:

Power Balance Bracelets Lawsuit -- Forced to Pay $57 Million, Expected to Close Shop
(DBN)

______________

Shipping:

Hamburg shipbuilder J.J. Sietas declares insolvency
(DBN)

______________

Education:

College Students Need To Look At These Charts Before Deciding On A Major
(DBN)

______________

Pensions:

Sale of Future Pension Income Targeted by Senator
(DBN)

______________

Baseball:

Bankruptcy judge cancels hearing on Fox motion to delay arguments on Dodgers media rights sale
(DBN)

Mediator appointed in Dodgers-Fox bankruptcy feud
(DBN)

______________

Basketball:

NBA Lockout Squeezes Small Business Owners
(DBN)

______________

Aviation:

Kingfisher set to lose more market share
(DBN)

Flying With Little Children? Go to the Back of the Plane
(DBN)

Screening Still a Pain at Airports, Fliers Say
(DBN)

New funds could help workers of defunct Pace Airlines
(DBN)

______________

Corporate Reform:

The Chamber's Dishonest CFPB Poll
(DBN)

Does The White House Hate Richard Cordray?
(DBN)

Hintz Says Volcker Rule May Hit Managing Directors
(DBN)

Consumer Reports ranks companies as 'Naughty' or 'Nice'
(DBN)

______________

Media:

Tribune to Push for Expedited Approval of New Reorganization Plan
(DBN)

______________

Shipping:

Genmar Chapter 11 Filing Reveals Huge Debts in HK
(DBN)

______________

Accounting:

EU Said to Reconsider Multiple-Auditor Plans Amid Cost Concerns
(DBN)

______________

Compensation:

Enough's Enough, Nabors Shareholders Say
(DBN)

______________

Hockey:

Wendy’s owner may buy $250M in Devils debt
(DBN)

______________

Economy:

Treasuries Fall Before Economic Growth, Consumer Spending Data
(DBN)

Economists More Bleak About US Economy
(DBN)

The 4 Failures of the Supercommittee
(DBN)

Fitch Is Reviewing Its US Credit Rating
(DBN)

Bush Era Tax Cuts Sank the Supercommittee
(DBN)

So the 'Super Committee' Failed. How Will That Affect You?
(DBN)

Obama Says He Will Veto Any Attempt To Eliminate Automatic Spending Cuts After Super Committee Fails
(DBN)

Poll: Republicans Get More Blame For Super Committee Failure
(DBN)

The Supercommittee Worked! Really!
(DBN)

Moody’s Says No To Congressional Can-Kicking
(DBN)

Lawmakers Trade Blame as Deficit Talks Crumble
(DBN)

Your Tax Dollars at Work: Super Committee Fail Drives US CDS Price Higher
(DBN)

Super Committee Failure May Mean Higher Taxes in '12
(DBN)

Henes: The Restructuring of the United States — Failure is Not an Option
(DBN)

Congress’s Deficit ‘Bomb’: Scary or Not?
(DBN)

There's A Really Good Reason The Super-Committee Failed
(DBN)

What Will It Really Take To Solve America's Debt Crisis?
(DBN)

Debt committee failure: Red flag for investors
(DBN)

"I'll be damned if we're going to balance the budget on the backs of the elderly, the sick, the children and the poor."
(DBN)

Hank Greenberg Is Suing The Government Over The Takeover Of AIG And Wants $25 Billion In Damages
(DBN)

Treasury Tells Hank Greenberg to Take a Hike
(DBN)

U.S. Could Be Facing Another Year of Uncertainty
(DBN)

A group of California billionaires want to pay higher taxes - and they have a bill to go with it
(DBN)

The biggest threat to corporate earnings... Europe
(DBN)

Think Taxes Are Too High?
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

BofA Clash With Fannie Mae Escalates Over Loan Buyback Stance
(DBN)

Existing home sales up 1.4%, still at depressed levels
(DBN)

High-End Home Sales Decline in October
(DBN)

Illinois home sales rise 15.3% in October, as buyers seek bargains
(DBN)

Fewer Mortgages In Trouble, But Foreclosures Expected To Rise
(DBN)

BBVA Compass: Distressed properties threaten US recovery
(DBN)

Housing Inventories Fall to New Four-Year Low in October
(DBN)

3 states win almost half of homeowner aid loans
(DBN)

Housing market at bottom, few borrowers qualify for HAMP
(DBN)

Latinos and Blacks Twice as Likely to Lose Home during Foreclosure Process
(DBN)

Northeast Ohio plagued by 30,000 vacant homes awaiting demolition
(DBN)

Freddie: HARP changes to boost originations nearly $300 billion
(DBN)

SIGTARP closes more alleged online mortgage modification scams
(DBN)

Spanish Peaks To Sell Vehicles As Part of Bankruptcy Liquidation
(DBN)

_____________

Retailing:

Black Friday 2011 deal mania threatening Thanksgiving, critics say; protests planned
(DBN)

Stop the madness: Don't shop on Thanksgiving
(DBN)

Why Holiday Sales May Hinge on ‘The One Percent’
(DBN)

How to Tell if a Black Friday Deal is a Steal
(DBN)

______________

MF Global:

MF Global Shortfall May Exceed $1.2 Billion, Trustee Says
(DBN)

Jon Corzine and the missing $1.2 billion
(DBN)

Seven banks sued over MF Global collapse
(DBN)

MF Global: The mess that keeps getting messier
(DBN)

MF Global trustee breaks down the money trail
(DBN)

MF Global, creditors seek outside administrator
(DBN)

U.S. Trustee Faults MF Global Customer Committee Proposal
(DBN)

Shoveling it
(DBN)

Farm belt rage over MF Global could chill markets
(DBN)

For the Bold: How to Bet on MF Global
(DBN)

MF Global: It Just Keeps Getting More Remarkable
(DBN)

MF Global Is Having A Devastating Impact On Psychology
(DBN)

CFTC Takes Account Segregation ‘Very Seriously’, Official Says
(DBN)

MF Global HK can't be sold as going concern-KPMG
(DBN)

______________

Municipalities:

Jefferson County Bankruptcy Judge Won't Oust Sewer Receiver
(DBN)

Hearing On Jefferson County Receiver
(DBN)

Sewers of Jefferson County Are Bargaining Chip in Bankruptcy Court
(DBN)

Jefferson County Commission President David Carrington says county has no qualms with sewer operation, but doesn't like receiver's tab
(DBN)

Receiver John S. Young says Jefferson County sewer system stunk
(DBN)

JeffCo receiver debate may reach Supreme Court
(DBN)

Jefferson County’s Bankruptcy ‘Negative’ for Madison, Alabama, Bond Sale
(DBN)

Insurers and banks given voice in Jefferson County bankruptcy
(DBN)

Detroit City Council is hashing out cuts in last-ditch budget plan
(DBN)

Harrisburg Taxpayer Advocacy Group Backs Bankruptcy Bid
(DBN)

Harrisburg could use bankruptcy option
(DBN)

Moody's Still Negative on NJ Turnpike
(DBN)

RI Pension Overhaul May Head To The Courts
(DBN)

Detroit City Council's plan: Increase income taxes, cut up to 2,300 jobs
(DBN)

______________

Politics:

The Danger of Deifying Elizabeth Warren
(DBN)

Elizabeth Warren: Obama's natural heir? ‎
(DBN)

Warren in Coakley's failed footsteps
(DBN)

Massachusetts Dems Press Scott Brown To Abandon Norquist
(DBN)

Romney: Public Has No Right To Know Government Communications
(DBN)

Romney Blames Obama for Supercommittee Failure
(DBN)

David Frum: We Republicans Have Completely Lost Touch With Reality
(DBN)

When Did Liberals Become So Unreasonable?
(DBN)

The Republicans Aren’t Funny, They’re Scary
(DBN)

Krugman: Gingrich Is The Stupid Man's Idea Of What A Smart Person Sounds Like
(DBN)

Gingrich-Founded Think Tank Collected $55 Million in Past Decade
(DBN)

______________

Education:

College graduation rates: Income really matters
(DBN)

______________

Television:

Endemol Creditors Reject Time Warner Takeover Bid
(DBN)

______________

Mail:

Postal facility faces bleak digital realities
(DBN)

______________

Electricity:

Bankruptcy judge approves trustee, interim power supply for Southern
(DBN)

______________

Religion:

Archdiocese to seek permission for victim therapy fund
(DBN)

______________

Horse Racing:

Court orders sale of Yavapai Downs
(DBN)

______________

Shipping:

Frontline Seeks Creditor Talks on Tanker Losses
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Post-Confirmation:

Adelphia Recovery Trust Seeking To Extend Trust Term
(DBN)

______________

Avoidance Actions:

The Penn Traffic Company Plan Administrator Starts Bankruptcy Preference Adversary Proceedings
(DBN)

______________

Wild Animals:

Texas Bankruptcy Judge Approves Motions To Allow Massive Animal Transfer
(DBN)

______________

Alternative Energy:

Solyndra: Its technology and why it failed
(DBN)

Solyndra Worker-Aid Announcement Pending, Agency Says
(DBN)

Saudi Arabia poised to become solar powerhouse
(DBN)

Beacon Power agrees to fire sale
(DBN)

______________

Insurance:

D&O Insurance: Allegations Alone Insufficient to Trigger Exclusion
(DBN)

Hank Greenberg Lawsuit Hammers US Use Of AIG For 'Backdoor Bailout'
(DBN)

______________

LBOs:

Read Ted Forstmann’s 1988 Rant Against LBOs
(DBN)

______________

Banking:

Bank Of America Has Been Put On Double-Secret Probation
(DBN)

TED Spread Hits Highest Level Since Crisis
(DBN)

Why a Deutsche Bank subsidiary could pose big risks to the U.S.
(DBN)

Bankers face crackdown on bonus pool payments
(DBN)

Study: Banks Could Lose Up To $185 Billion In Deposits If They Don't Address Customer Frustrations
(DBN)

______________

Autos:

Should the U.S. cut its losses on GM stock?
(DBN)

GM And UAW Planning A Different Kind Of Car Factory In Tennessee
(DBN)

GM strengthens grip over ailing German unit Opel
(DBN)

______________

Mass Torts:

Attorney Says Macondo Well Still Leaks Oil From Seafloor
(DBN)

Archdiocese explores insurance buyback option
(DBN)

______________

Fraud:

Insider trading isn't always about the money
(DBN)

Olympus : no criminal links found in M&A deals
(DBN)

Ex-Madoff trader pleads guilty in plea deal in NYC
(DBN)

Muddy Waters Takes Aim at Focus Media
(DBN)

Judge weighing arguments in $700 million Fontainebleau fraud lawsuit
(DBN)

Ritchie Capital pursues former Petters execs
(DBN)

Power Balance Will Keep Making Wristbands Despite Bankruptcy And Massive Fraud Lawsuit
(DBN)

______________

Debt Collection:

House Judiciary Subcommittee holds hearing on enforcing foreign judgments
(DBN)

______________

Tax:

Taxman Preoccupies Wall Street to Upper East Side in IRS Levies
(DBN)

______________

Broker-Dealers:

DeWaay facing bankruptcy because of DBSI lawsuits
(DBN)

______________

UK:

OSN installs AlixPartners in-houser as legal chief
(DBN)

Leading Contentious Insolvency Expert Joins Begbies Traynor Group
(DBN)

For corporate welfare queens and their crystal baths, there is no benefit cap
(DBN)

______________

EU:

Germany rebuffs top Euro official's call for euro bonds to stave off crisis
(DBN)

Eurobonds: The 'solution' that just won't stick
(DBN)

The eurozone's borrowing costs may stay lethally high
(DBN)

The Four Key Issues That Are Dividing Europe
(DBN)

EU's Rehn: euro "redemption fund" worth studying
(DBN)

Credit Suisse: 'We Have Entered The Last Days Of The Euro As We Currently Know It'
(DBN)

Goldman: Sovereign Risk Is Spreading Like Wildfire
(DBN)

The Fundamental Differences Between Americans And Europeans
(DBN)

Economist: Bernanke Is Going To End Up Bailing Out All Of Europe
(DBN)

The Town With The Worst Unemployment In The EU
(DBN)

Soros: How The ECB Should Save The Eurozone
(DBN)

Europe has itself to blame for bank sell-off
(DBN)

Debt crisis sweeps towards heart of Europe
(DBN)

______________

PIIGS:

Jefferies Makes More Cuts in Greek, Irish Holdings
(DBN)

Jefferies Responds to 'Lies and False Rumors' in Letter
(DBN)

Spain Seizes Banco de Valencia, to Inject 1B Euros
(DBN)

Spain Election Fails to Bring Relief for Euro Zone - New leadership, same problems
(DBN)

Spain borrowing costs soar in debt sale
(DBN)

How Bad Is Wall Street's Italian Debt Exposure?
(DBN)

EU Helps Greece Recover $81B of Unpaid Taxes From Swiss Banks
(DBN)

Greek banks slide to lowest point since 1989
(DBN)

Gov’t doubles bank guarantees
(DBN)

Why Greece Might Just Have Weeks Before Being Forced To Quit The Euro
(DBN)

Concern over Quinn's statement of affairs
(DBN)

Sean Quinn's downfall is fairies' revenge say locals
(DBN)

Court to rule on whether Anglo can still sue bankrupt Quinn
(DBN)

Drumm tells Boston court regulator knew of hidden loans
(DBN)

Forget The PIIGS : Now It's About The FIGS
(DBN)

______________

France:

France Rebuffs Concerns Over Public Finances
(DBN)

France's AAA Status in Tatters as Yields Surge
(DBN)

______________

Germany:

German Insolvency Law Reform (ESUG): More Creditors’ Influence, More Debt-For-Equity Swaps, More Self-Administration?
(DBN)

______________

MENA:

Egypt's Cabinet Has Submitted Its Resignation To The Military Council, As Huge Protests Break Out In Cairo
(DBN)

Egypt morgue official: 35 dead in 3-day clashes
(DBN)

Global seeks $1.7bn bond plan reprieve
(DBN)

______________

China:

China Property Prices Record First Fall
(DBN)

______________

Australia:

Centro's fate hangs on crucial vote
(DBN)

Centro wins approval for merger
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a curated news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications. Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser. You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button. Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines. The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email. You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually. Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).