November 23, 2011

The Daily Bankruptcy News

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Due to the Thanksgiving Holiday, The Daily Bankruptcy News will not publish on Thursday and Friday November 24-25, 2011

Law:

2011 Holiday Gifts for Lawyers: Harvey Birdman, Red-Tape Cuff Links, Bobbleheads and Tech Toys
(DBN)

Top 5 Tips for Escaping From the Office During the Holidays
(DBN)

You Want Your Bonus? We Want Your Time Sheets.
(DBN)

When Will The Bonuses Come Out?
(DBN)

Peering Into the Minds of Law Firms' Young Lions
(DBN)

The economic crisis means there are bargains, and pitfalls, in M&A
(DBN)

DLA Piper advises as UBS tries to evict protestors from 'Bank of Ideas'
(DBN)

Jones Day appoints DC partner to target global litigation domination
(DBN)

"Mr. Nocera — You have destroyed everything and everyone related to Steven J. Baum PC"
(DBN - NY Times - Paywall Limit Possible)

Credit Suisse, BofA, Bayer, AIG, Microsoft in Court News
(DBN)

Merck, Debit Card Fees, MF Global, Hewlett-Packard in Court News
(DBN)

Two NJ Lawyers Are Charged with Structuring Bank Deposits to Avoid Reporting Threshold
(DBN)

Mayer Brown Names New Bankruptcy Partner (scroll down)
(DBN)

2nd-Degree Murder Charge Dropped Against Lawyer in Parking Lot ‘Road Rage’ Incident
(DBN)

A Justice Department Round-Up: Gloomy News
(DBN)

Personal Injury Law Firm Is Reportedly Making Layoffs After Reversal in Once-Winning $43M Case
(DBN)

Judge Rebukes Lawyers for Rowdy Conduct in Controversial Case, Questions Safety of Courtroom Chairs
(DBN)

Law Prof’s Hypothetical Students Lose Money Acquiring JDs; ‘Also Ran’ Outpaces Top Performer
(DBN)

Lawyer’s Son Among 20 Charged in SAT Cheating Case; Lawmaker Points Finger at Some Parents
(DBN)

For Students at Top Chicago Area Law Schools, It’s All About the Pie
(DBN)

Aggregate Law School Graduate Debt Grew $475 Million Between 2008 and 2010
(DBN)

Would Adjunct Faculty Fix the High-Cost Problems of Law Schools?
(DBN)

Penn State football players lived by special rules: ex-official
(DBN)

Are Asian American Lawyers Still Too Nerdy?
(DBN)

Attorneys can ghostwrite pro se briefs
(DBN)

Murder Suspect Goes Free -- After DA Forgets To Fill Out Paperwork
(DBN)

Worst Shoplifters Ever?
(DBN)

BOLO: 30-foot beer bottle
(DBN)

Police did recover a pacifier . . .
(DBN)

Police Don Turkey Suit For Sting
(DBN)

Thieves Steal Family's Elaborate Christmas Decorations Just After Being Set Up
(DBN)

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Judges:

Justices Who Are Slumming It
(DBN)

Measuring Justice Sotomayor’s Liberal Bona Fides
(DBN)

Thanksgiving and the third branch
(DBN)

Is there no limit to Congress’s power?
(DBN)

Smith Presses Administration for Kagan Documents
(DBN)

The Myth of Scalia's Puppet Is Quashed As Quickly As It's Created
(DBN)

Courthouse Burglar Takes Judge’s Robe; DA Calls Incident a ‘Wake-Up Call’ re Security Issues
(DBN)

Your Honor, I Have Controlling Authority Directly On Point: Keith Urban!
(DBN)

Panel Rejects Many Obama Prospects for Judgeships
(DBN)

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Wall Street:

Dow Futures Off 120
(DBN)

World stocks hit by signs of slowdown in China, US
(DBN)

Stocks drift as government lowers growth estimate
(DBN)

Markets Continue to Show Signs of Debt Distress
(DBN)

Jefferies needs to raise $1 billion: ratings agency
(DBN)

Wall Street faces 'darkest days' as jobs vanish
(DBN)

At Goldman Sachs, Where Are All the Women?
(DBN)

10 Scary Weapons Cops Are Using Against the 'Occupy' Protesters
(DBN)

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Layoffs:

How "long-term unemployed" became synonymous with "unwanted"
(DBN)

Unemployment Rates Drop in Most States
(DBN)

Nearly $8M In Back Wages, Etc. Recovered From Defunct Silver Spring, Md.-Based Security Company
(DBN)

Our job market is being hollowed out in the middle
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

US bank profits rise; regulators fret about Europe
(DBN)

Federal Reserve Will Force 31 Banks To Stress Test Portfolios
(DBN)

Fed's 2012 Stress Test Recipe: Half Of 2008 Plus A European Blowup
(DBN)

Fed sets US banks toughest 'stress tests'
(DBN)

The Fed Stress Tests While Europe Starts to Burn
(DBN)

What Problems? Bank Of America Is Fine, Bove Says
(DBN)

US Lenders Earned $35 Billion on Lower Loss Provisions
(DBN)

Ex-bank execs sued by FDIC over loans
(DBN)

FDIC's list of problem banks shrinks
(DBN)

France, Belgium wrangle about Dexia deal
(DBN)

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Alternative Energy:

China Solar Makers Face 'Suicidal' Prices on Excess Output
(DBN)

Solar Manufacturers Expect Tough Times for 2012
(DBN)

Solyndra auction draws no qualified bidders
(DBN)

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Public Transit:

Las Vegas Monorail to talk with creditors on new bankruptcy plan
(DBN)

Bankruptcy judge too grounded to take monorail ride
(DBN)

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MF Global:

MF Global Customers Missing $1.2 Billion Denied Court Committee
(DBN)

MF Global Judge to Consider Claims Processing Procedure
(DBN)

CME Group increases financial guarantee to $550 million
(DBN)

Good news bad math
(DBN)

How MF Global Beat Red Tape
(DBN)

CFTC asked to create rules on handling dollars from separate accounts at securities firms
(DBN)

With MF Global Case Growing, Agency Expands Enforcement
(DBN)

MF Global: Fraud, Incompetence, or a Bit of Both?
(DBN)

Day 4: Inside MF Global's Bankruptcy Hearing
(DBN)

MF Global effectively lobbied CFTC last year to delay enforcement
(DBN)

Bankruptcy judge asks ex-MF Global CEO Jon Corzine to testify before Congress next month
(DBN)

Corzine to Face Congress Over MF Global Collapse
(DBN)

MF Global is not the first Corzine trading scandal
(DBN)

Jon Corzine Jokes About Getting Drunk After Hearing About Lehman's Bankruptcy Fallout
(DBN)

MF Global and the Chicago connection
(DBN)

Is Jon Corzine “Too Big to Be Indicted”?
(DBN)

$1.7 Billion Customers' Money Missing From MF Global
(DBN)

CCC reacts to MFGI trustee's moving target on shortfall
(DBN)

MF Global liquidation presents unprecedented test of US bankruptcy regime for dually registered brokers
(DBN)

JPMorgan to buy MF Global's stake in LME
(DBN)

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Hollywood:

Ted Field Claims His Film Company Was Stolen, Forced Into Bankruptcy
(DBN)

Movie Magnate Claims Wrecking Crew Infiltrated Radar Pictures
(DBN)

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Economy:

Federal Reserve minutes reveal debate among members
(DBN)

A Few FOMC Members Said Outlook May Warrant More Easing
(DBN)

Congress Prepares for Payroll Tax Battle
(DBN)

Norquist: The Man With an Iron Grip on GOP
(DBN)

Grover Norquist Goes Invisible
(DBN)

Balancing the Budget, for Real
(DBN)

US economic growth weaker but outlook firms
(DBN)

Central Bankers: Stop Dithering. Do Something.
(DBN)

3Q GDP growth revised down to 2%
(DBN)

IMF broadens lending power
(DBN)

These Will Be The First Weapons Projects To Face The Chopping Block
(DBN)

Will 50% Cuts “Hollow Out” The Military?
(DBN)

Is the Bloated Defense Budget Weakening the US?
(DBN)

Enough already about the Bush tax cuts
(DBN)

Silver lining in deficit panel's failure?
(DBN)

Congress Has Over a Year to Thwart Cuts
(DBN)

Why the supercommittee was a super bust
(DBN)

For Deficit Panel, Failure Cuts Two Ways
(DBN)

S&P: No Further Cut to US Credit Ratings
(DBN)

Fed officials back clarifying policy
(DBN)

Supercommittee Fails to Find Even Bogus Cuts
(DBN)

'Economic perfect storm is the most likely scenario'
(DBN)

The 17 Hottest Economies In The World
(DBN)

John Steinbeck's bitter fruit
(DBN)

10,000 Expected To Line Up For Free Turkey Dinner In LA
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

States moving on smaller U.S. mortgage probe deal
(DBN)

Attorneys General Balk at Proposed Deal
(DBN)

Kamala Harris, deal breaker
(DBN)

Lawmaker wants original copies of foreclosure review letters
(DBN)

Banks dark on previous work with foreclosure reviewers
(DBN)

Attorney General Kamala Harris takes up home loans
(DBN)

Bank of America Settles Countrywide Fraud Claims With Calpers
(DBN)

Federal judge orders class-action status against Countrywide
(DBN)

Delaware, NY vs. BofA
(DBN)

Banks chip away at REO inventory
(DBN)

The Cities Where People Finally Want To Buy Homes
(DBN)

BayernLB sues JPMorgan over $2.1 bln mortgage debt
(DBN)

Albert Edwards Has A Killer Conspiracy Theory About The Housing Bubble
(DBN)

If you had any doubt where the 1% live
(DBN)

Memphis-area developer Rusty Hyneman's assets in question
(DBN)

Bankrupt Las Vegas lender sues state over its license
(DBN)

Arizona judge upholds state seizure of The PMI Group
(DBN)

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Retailing:

Brown Shoe to close 145 Famous Footwear stores
(DBN)

Shop on Thanksgiving? No thanks
(DBN)

Record sales expected on Black Friday, but . . .
(DBN)

Holiday Shopping Online at Work? Employers Are Taking Notice
(DBN)

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Politics:

Newt Gingrich tops GOP field in new polls
(DBN)

Gingrich Explains Why Child Janitors Are a Good Idea and Child Labor Laws Are ‘Truly Stupid’
(DBN)

The Latest Explanation For Obama's Troubles Is That He Hates Being President
(DBN)

"They Got The Blueberry Pie All Over Their Face"
(DBN)

California Republicans Quietly Embrace Obamacare's Medicaid Expansion
(DBN)

The winners and losers from last night's GOP debate
(DBN)

Ron Paul: Patriot Act Is 'Unpatriotic'...
(DBN)

The Romney campaign will not apologize for their love of (misleading)pastiche
(DBN)

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Sporting Goods:

Power Balance seeks bankruptcy protection
(DBN)

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Municipalities:

Jefferson County Bankruptcy Judge Questions Method to Split Sewer Cash
(DBN)

Jefferson County Seeks Temporary Halt to Sewer Bond Payments
(DBN)

Fight continues in court over Jeffco sewer receiver
(DBN)

Bankruptcy judge praises Young's efforts
(DBN)

Jefferson County Bankruptcy judge Thomas Bennett says receiver John S. Young has done 'great job'
(DBN)

Jefferson County sewer boss David Denard says system can survive without receiver
(DBN)

Jefferson County sewer chief David Denard: 200 more 'ghost accounts' found after receiver probe
(DBN)

The receiver is Harrisburg's best option
(DBN)

Harrisburg May Get Receiver Even If Bankruptcy Case Is Tossed
(DBN)

Harrisburg's receiver will only protect creditors
(DBN)

Harrisburg mayor asks court to force receiver to adopt her fiscal plan
(DBN)

Mayor presents budget while bankruptcy hearing looms
(DBN)

Court to hold public hearing on Harrisburg receiver appointment Dec. 1
(DBN)

Bankruptcy hearing affects more than Harrisburg, finance experts say
(DBN)

City Council bankruptcy attorney has issues with appointed receiver
(DBN)

Lessons In Harrisburg's Decline
(DBN)

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Corporate Reform:

The butterfly effect : spotted in the financial industry
(DBN)

Dodd-Frank Law May Hinder Crisis Response by U.S. Policy Makers
(DBN)

Financial Finger-Pointing Turns to Regulators
(DBN)

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Food/Beverage:

No Happy Endings for Friendly's
(DBN)

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Celebs:

Bankruptcy trustee wants second crack at Martino
(DBN)

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Aviation:

Judge OKs $400,000 Pace/estate settlement
(DBN)

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Media:

Former Tribune Co. boss to receive $675,000 settlement
(DBN)

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Baseball:

Torre Draws Inquiries From Suitors for Dodgers
(DBN - NY Times - Paywall Limit Possible)

Top 5 Worst Possible Buyers for the Los Angeles Dodgers
(DBN)

Frank McCourt leaves his mark on baseball's labor deal
(DBN)

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Basketball:

Defunct Basketball Team Claims TV Revenue From Lawsuit Settlement in 1976
(DBN)

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Freight:

ATA Trucking Index increased 0.5% in October
(DBN)

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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)

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Miscellaneous:

Dynegy, Vitro, Chef Solutions, Xanadoo, Lehman: Bankruptcy
(DBN)

Las Vegas Monorail, Trailer Bridge, MF, Dodgers: Bankruptcy
(DBN)

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Bankruptcy Statistics:

October OC bankruptcies continue to inch down
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Litigation:

Defending the Use of E-Discovery Software
(DBN)

A Growing Trend: Use of E-Discovery 'Special Masters'
(DBN)

Citigroup May Need to Sweeten $285 Million Agreement With SEC, Lawyers Say
(DBN)

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Debt Collection:

Illinois AG boldly declares opposition to the archaic practice of debtor's prisons
(DBN)

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Lehman:

Lehman Paid $37.2 Million in Bankruptcy Fees in October
(DBN)

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Protests:

Occupy marchers from New York reach Washington
(DBN)

Pregnant Seattle Protester Says She Miscarried After Being Kicked And Pepper Sprayed By Police
(DBN)

Occupy LA, city inching into endgame for City Hall camp
(DBN)

California’s Campus Movements Dig In Their Heels
(DBN)

Demonstrators Plan to 'Occupy' Retailers on Black Friday
(DBN)

"It's a food product, essentially," Fox says in defense of pepper-spraying cops
(DBN)

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Corporate Reform:

Whistle-Blowers, Over 100 per Month, Seek Rich SEC Bounties
(DBN)

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Software:

Ordinary course professional fees disputed in Ezenia bankruptcy case
(DBN)

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Autos:

GM options grim as it returns to Opel quagmire
(DBN)

Trust Says 'Old' GM Owes It Millions
(DBN)

Marchionne's Bad Bet at Fiat
(DBN)

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Convenience Stores:

Eight Buyers Acquire Properties After RPM Bankruptcy
(DBN)

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Energy:

PSEG want Dynegy's bankruptcy dismissed
(DBN)

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Fraud:

Rothstein Auction Raises Thousands For Creditors
(DBN)

Madoff trustee settlement to recover $326 million from IRS
(DBN)

Chicago's Bryan, McNerney may be witnesses in Gupta trial
(DBN)

Wielding Enron's Tale of Woe, Eichenwald Warns About Fraud
(DBN)

Allied Health Care Founder Charles Schwartz Gets 16 Years in Leasing Fraud
(DBN)

Fair Finance money trickling in as 2-year FBI raid anniversary
(DBN)

Olympus’s Woodford Lands in Tokyo for Showdown With Board That Fired Him
(DBN)

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Mail:

US Postal Service Wants Restructuring Advice
(DBN)

US Postmaster: Plans to Save Us Fall Flat
(DBN)

Postal Service says rates will rise in January
(DBN)

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Electricity:

Beartooth Electric Cooperative ponders exposure, implications of Southern bankruptcy
(DBN)

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Sovereigns:

IMF Revamps Credit Lines to Lure Nations
(DBN)

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UK:

Bank of England: Risks are Highest Since 2008
(DBN)

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EU:

This is what a wholesale dumping of Europe looks like
(DBN)

German 10-year bond auction a 'disaster'
(DBN)

Germany, France clash on ECB crisis role
(DBN)

France, Germany to press euro zone treaty change
(DBN)

Merkel slams eurobonds, presses again for transaction tax
(DBN)

Germany's Merkel : Money To Defend The Euro Is Limited
(DBN)

Europeans plan Christmas without the trimmings
(DBN)

Belgium: Things Are Getting Worse By The Minute
(DBN)

Sources: Jefferies Rebuttal Letter a "Delaying Tactic"
(DBN)

European Industrial Orders Drop Most in Almost Three Years
(DBN)

Euro-Zone Private-Sector Activity Falls
(DBN)

European bond yields rise on Dexia worries
(DBN)

Belgium, France Lead Govt Bond Market Losses Wednesday
(DBN)

Europe’s Banks Relying on Money From E.C.B.
(DBN)

The New, Scariest Chart In Europe...
(DBN)

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PIIGS:

Greek workers to hold first major strike under new interim gov't
(DBN)

Where Greeks hide their savings
(DBN)

Protest builds against unpopular Greek property tax
(DBN)

Greece on brink of running out of money
(DBN)

Germany’s Merkel says all parties behind Greek gov’t must sign on to new bailout plan
(DBN)

Greece Faces Last Chance to Stay in Euro, Central Bank Says
(DBN)

German rigidity complicates crisis
(DBN)

The Greece basis trade: What could go wrong?
(DBN)

Fate of Euro May Hinge on Italian Savers
(DBN)

Germany Sees No 'Bazooka' in Crisis as Spain Yields Surge
(DBN)

Spain in race against time to avert bail-out
(DBN)

Quinn's claim to be bust is all made up says bank
(DBN)

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Canada:

Head of failed Vancouver financing company under police investigation
(DBN)

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MENA:

Egypt's military promises to surrender power by next summer
(DBN)

Defiant Egyptians Converge for Million Man March
(DBN)

Egypt: Repression Worse Than Under Mubarak
(DBN)

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Copyright 2011