October 10, 2011

The Daily Bankruptcy News

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:

Fund manager sues Willkie Farr for conflict of interest
(DBN)

Deutsche Bank, Credit Suisse, Lone Star, Apple in Court News
(DBN)

Feds accuse lawyer of bungling Bonds case
(DBN)

Law firm Baker Hostetler makes a mint off Madoff
(DBN)

Firm faces continued fallout after associate charged with theft
(DBN)

Proskauer Partner Publishes Novel About ‘Death, Guilt and Regrets’
(DBN)

Court overturns $9.2 million Morgan Keegan "fraudulent expert testimony" case
(DBN)

Law Firm and Estate of John M. O’Quinn Sue Houston Lawyer Over Alleged $1.5M Investment
(DBN)

Vandals fill Texas A&M football team's buses with manure
(DBN)

Status Updates Lead To Real-Life Arrests
(DBN)

Suspect's Cell Phone Dials 911 During Burglary
(DBN)

4 Amish Men Charged In Bizarre Attacks
(DBN)

Owners still baffled over theft of entire bridge
(DBN)

Ex-Law School Controller Pleads Guilty in $173K Embezzlement Aided by Tuition Breaks
(DBN)

Are Male Lawyers Getting Less Attractive?
(DBN)

Man Busted for Marijuana After Petting Police Dog
(DBN)

Lawyer Who Allegedly Kicked In Boyfriend’s Door and Had Knife in Bra Is Suspended
(DBN)

3-Year-Old Boy In Stolen Vehicle Pulls Gun On Cop
(DBN)

Man impersonating cop pulls over real cop
(DBN)

______________

Judges:

The Honorable Laura K. Grandy: She plays spoons, writes songs and writes songs and wields a mean chainsaw
(DBN)

Julie Wagner Brand Named Bankruptcy Judge for Central District
(DBN)

Clarence's Questions: The Case Of The Burning Cross
(DBN)

Judge battles cancer without missing a day
(DBN)

Antonin Scalia Unplugged: Wants to Kill ‘Living’ Constitution
(DBN)

Scalia, Breyer weigh in on value of televised arguments
(DBN)

______________

Wall Street:

Stock futures rise on euro zone optimism
(DBN)

Stocks Struggle to Hold Gains as Banks Slip
(DBN)

Stocks: Earnings and Europe come knocking
(DBN)

Short Sales Rise Most Since '06 as Stocks Lose $11 Trillion
(DBN)

The S&P 500 Has Declined 30% In Real Value Since 2000
(DBN)

Time of greatest fear offers opportunity
(DBN)

Clergy Members March Alongside "Occupy Wall Street" Protesters
(DBN)

Berkeley, Sacramento, Tampa, Dallas, Atlanta ????
(DBN)

Sacramento Protesters Unsure Of Why There, Lash Out At Basic Reporter Questions
(DBN)

Occupy Wall Street: What Are They So Angry About?
(DBN)

Occupy Wall Street Needs To Occupy A Library
(DBN)

Organizer admits to paying ‘Occupy DC’ protesters
(DBN)

Wall Street Protesters Want World to Know They're Just Like Us
(DBN)

The 3 Smartest Things I Heard at Occupy Wall Street
(DBN)

Battle Of The 'Air And Space'
(DBN)

Occupy Wall Street, "Fringe Banking" and Public Options
(DBN)

It's time for Occupy Wall Street to set sights on Congress
(DBN)

Bloomberg: 'Occupy Wall Street' Hurting NYC Economy...
(DBN)

Park Not Cleaned In 3 Weeks
(DBN)

Protesters trashing park with ties to powerful political, financial players
(DBN)

Cain: Protestors are playing "the victim card"
(DBN)

The Only Major Country Where Mass Protests Actually Work
(DBN)

Bank protesters arrested after trying to cash a $673B check
(DBN)

Private Owners Of Public Spaces In ‘Occupy Wall Street’s’ Wake
(DBN)

Jefferies Had Trading Losses on 26 of 65 Trading Days Last Quarter
(DBN)

When People Got Angry At Wall Street And Bombed Morgan Bank
(DBN)

______________

Layoffs:

9.1%
(DBN)

The REAL scariest jobs chart ever
(DBN)

Falling Wages for Young College Grads
(DBN)

Slow Crawl Out of 6.6 Million-Job Hole
(DBN)

Breaking Down the Jobs Numbers
(DBN)

Austerity Bites
(DBN)

Long-Term Joblessness Likely to Spur Unemployment Extension Fight
(DBN)

Economists React: ‘Treading Water’ on Jobs Better Than Drowning
(DBN)

Broader Jobless Rate Hits 16.5%, Highest Level of 2011
(DBN)

Avg. duration of unemployment 40 weeks
(DBN)

Finance Sector Loses Jobs in September
(DBN)

Workers at strapped AC casinos face steep pay cuts
(DBN)

Manufacturing Jobs to Shift from China to US
(DBN)

Damage from Jobs Crisis Extends Beyond Base
(DBN)

Charities pay dearly in jobs plan
(DBN)

Commercial Metals to Cut 1,500 Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Magazines:

In Jewish Times bankruptcy , longtime collaborators become foes
(DBN)

______________

Oil/Gas:

Judge tosses Tulsa investors' lawsuit against SemGroup
(DBN)

______________

Media:

Tribune Settles Tax Claim Related to 2007 Leveraged Buyout
(DBN)

______________

Municipalities:

Chicago: property tax bills soar
(DBN)

A Pathway to State Bankruptcy
(DBN)

Fla. County May Eliminate Top In-House Lawyer to Save Money
(DBN)

______________

Museum:

Slavery museum reports $7.6 million in assets
(DBN)

______________

Televisions:

Four Roberts Bros.' TV stations file for bankruptcy
(DBN)

______________

Debt Collection:

Debt collectors with govt contracts paid penalties
(DBN)

State Targets Eight Collection Agencies Over Hiring, Accounting Practices
(DBN)

______________

Corporate Reform:

Is the CFPB a Step Closer to Having a Leader?
(DBN)

Too Big to Fail Not Fixed, Despite Dodd-Frank
(DBN)

Don't Dump the Volcker Rule Just Because It's Not Perfect
(DBN)

Wall Street CEOs may be in Volcker rule crosshairs
(DBN)

______________

Shipping:

Container Ship Rates Plummet
(DBN)

______________

Hedge Funds:

Hedge Funds Suffer Worst Quarter Since 2008
(DBN)

It's Not Just Paulson: Look At All The Other Big Names Getting Crushed In 2011
(DBN)

______________

Accounting:

Federal judge puts brakes on SEC's Deloitte case
(DBN)

______________

Health Care:

Hospital likely to stay open Sale moving forward bankruptcy settlement approved
(DBN)

Federal judge approves $10.2 million settlement between Hoboken University Medical Center and its creditors
(DBN)

Hospital CEO, lawyer indicted for alleged obstruction, perjury of $188M fraud collection
(DBN)

Half of Texas Doctors May Quit Medicare
(DBN)

______________

Economy:

Economy adds 103,000 jobs, but it's not enough
(DBN)

Economic Signs Point to Improved Hiring
(DBN)

CBO: 2011 Deficit Will be $1.3 Trillion
(DBN)

What the Recession Has Done to the Rich
(DBN)

WHouse warns risk of another recession unless jobs bill passes
(DBN)

Tale of teacher’s job struggle stretches truth
(DBN)

Fisher Says He Sympathizes With Protests Against Fed, Wall Street Bailouts
(DBN)

An entire system of global trade is at risk
(DBN)

Fannie Mae economist says recession risks remain
(DBN)

Is the US Facing a Modern Day Depression?
(DBN)

CEOs: US Recession Unlikely
(DBN)

'Zombie' program cuts deficit
(DBN)

Supercommittee Hints at Deficit Progress
(DBN)

Greenspan: US Faces Dangerous Threat from Euro Debt
(DBN)

Greenspan: Let the Bush tax cuts expire
(DBN)

Bill Clinton: How to Fix the Economy
(DBN)

Soros: US, EU Troubles Like Soviet Collapse
(DBN)

Why America Is The New Third World
(DBN)

Poll: 88% Worried About Retirement
(DBN)

Obama, Geithner, and the Next Financial Crisis
(DBN)

TARP After Three Years: It Made Things Worse, Not Better
(DBN)

The Hot New Theory About What Just Happened To The US Economy
(DBN)

The number of Americans holding second jobs just soared
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Home ownership sees biggest drop since Great Depression
(DBN)

Housing Desert Leads Biggest US Homeownership Drop Since 1930s
(DBN)

Construction Employment
(DBN)

One In Three Prime Borrowers Are Underwater
(DBN)

Another Casualty of the Housing Crash: Strip Malls
(DBN)

Another Texas County Mulls Possible MERS Suit; Up to $100M Could Be In Issue in Harris County
(DBN)

Harris Takes a Hard Line With Lenders
(DBN)

Robosigning 2.0: Mortgage Foreclosure File Reviewers
(DBN)

Foreclosure talks move forward
(DBN)

House Democrats To DeMarco: Do Your Job, Or Get Out
(DBN)

Housing industry jobs down for fourth month in September
(DBN)

Bank of America offers up to $20,000 to entice short sales
(DBN)

SIGTARP catches counselor stealing $300,000 in modification payments
(DBN)

EpiCentre creditors moving to block payment to Ghazi group
(DBN)

New Kent development files for Chapter 11
(DBN)

Fannie, Freddie stand in way of debt reductions
(DBN)

Fannie, Freddie expand allowable foreclosure assistance for military
(DBN)

Fannie and Freddie debt fuels anxiety
(DBN)

GMAC to pay select veterans to remain current on mortgages
(DBN)

Mortgage bankers write screenplay about boom and bust
(DBN)

A High Roller Feels the Bite of Foreclosure
(DBN)

REITs hit slump in stock market
(DBN)

_____________

Politics:

Brown on Warren quip: Lighten up
(DBN)

Massachusetts senatorial race: Elizabeth Warren's claws are out for Scott Brown
(DBN)

Why George Will is Wrong about Why Elizabeth Warren is Wrong
(DBN)

WNEU poll: Sen. Scott Brown leads Elizabeth Warren 47-42
(DBN)

Herman Cain steps up attacks on Occupy Wall Street protests
(DBN)

Cain opens 20-point lead on closest rival
(DBN)

FactCheck: Romney Misfires on Defense
(DBN)

Romney Mocks Perry on Lack of Jobs Plan
(DBN)

Bachmann: Protesters Should Focus on Obama
(DBN)

Chaos in Senate Worries Left and Right
(DBN)

______________

Privacy:

FBI to launch nationwide facial recognition
(DBN)

______________

Banking:

Sun Security Bank, Ellington, MO, Closed By Regulators
(DBN)

The RiverBank, Wyoming, Minnesota, Fails After 114 Years
(DBN)

Unofficial Problem Bank list declines to 983 Institutions
(DBN)

Dexia CEO seen as firefighter more than culprit
(DBN)

France, Belgium, Luxembourg Agree on Dexia Plan
(DBN)

Belgium nationalizes Dexia subsidiary for $5.4B
(DBN)

Dexia Shares Dive on Nationalization Talk
(DBN)

Belgium: Another Late-Friday Rating Agency Shocker
(DBN)

The gouging banks
(DBN)

Better Business Bureau advises consumers on new bank fees
(DBN)

Bank of America, Adam Smith and a Fee Market System
(DBN)

Bank of America Customers Are Furious: Poll
(DBN)

Getting banking off the fee track
(DBN)

More Bank Bailouts On The Way
(DBN)

______________

Celebs:

Actor Armand Assante Enters Bankruptcy
(DBN)

Troubleshooter Tom Martino left some property taxes unpaid
(DBN)

______________

Hotels:

The Broke and the Beautiful: Sagamore Hotel Edition
(DBN)

Innkeepers USA to square off with Cerberus
(DBN)

______________

Aviation:

Business Jet Sales May Grow in 2012
(DBN)

AMR financial woes stoke merger prospects: experts
(DBN)

Judge OKs Commander request to stop eviction, but requires bond
(DBN)

______________

Autos:

GM's run of success helps lighten its load
(DBN)

Chicago mayor: No auto industry if Romney had been president
(DBN)

Godfrey & Kahn paid $1.5 million for GM bankruptcy work
(DBN)

Toyota to Parts Suppliers: Cut Prices or Else
(DBN)

Nardelli Retreats on Bailout Comments
(DBN)

______________

Food/Beverage:

Sbarro files amended bankruptcy plan
(DBN)

Friendly's and Other Distressed Delicacies
(DBN)

Friendly's not an economic victim
(DBN)

Dispute over deleted emails flares up in Xyience bankruptcy
(DBN)

______________

Fraud:

FRM bankruptcy trustee fees, expenses top $1 million
(DBN)

Madoff victims die before checks for lost money arrive
(DBN)

District Court’s Dismissal of Madoff Trustee’s Constructively Fraudulent Claims Against Customers Reaffirms a “Settled” Principle
(DBN)

Markopolos: "So maybe law enforcement needs to drop into those corporate board rooms and treat them like Seal Team 6 treated Osama Bin Laden"
(DBN)

Man pleads guilty in $135 million phony lease scheme
(DBN)

Rajaratnam Awaits Reckoning as Another Underling Heads to Prison
(DBN)

______________

Resorts:

Federal Judge Dismisses Appeal by Yellowstone Club Trust
(DBN)

______________

Photography:

Some Kodak bondholders prefer bankruptcy
(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, WaMu, Lehman, Inspirada, Point Blank: Bankruptcy
(DBN)

Rochelle on Wall Street Rulings, Hovnanian, Yellow Pages
(DBN)

______________

Bankruptcy Statistics:

Elderly Bankruptcy Filings at All-Time High
(DBN)

Medical Debt Bankruptcies on the Rise
(DBN)

Fewer bankruptcies in WNY
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Poetry:

Global Recession
(DBN)

The Emperor’s Clothes
(DBN)

Mighty Casey Has Struck Out
(DBN)

______________

Bankruptcy Rules:

Rule 2019 Amendments: Clarify Disclosure Requirements - Changes Guide Representatives of Multiple Creditors in Bankruptcy Cases
(DBN)

______________

Setoff:

Contractual Rights Vanish Again in the "Bermuda" of Triangular Setoff
(DBN)

______________

Solar:

White House sends Solyndra emails to Congress
(DBN)

Solyndra e-mails: Warnings of legality came from within Obama administration
(DBN)

Issa Questions Latest Energy Loans
(DBN)

White House adviser on Solyndra: '*#~@ show'
(DBN)

Obama warned not to visit Solyndra
(DBN)

E-Mail Shows Senior Energy Official Pushed Solyndra Loan
(DBN)

Solyndra emails: Obama fundraiser 'pressured officials to approve loan guarantee'
(DBN)

Will Solyndra Scandal Spill Over to Scald Nuclear Loan Guarantees?
(DBN - NY Times - Paywall Limit Possible)

______________

Consumer Finance:

Consumer Credit Tumbles
(DBN)

______________

Compensation:

Krawcheck Gets a $6 million Severance Package From BofA
(DBN)

The $6 Million Lady
(DBN)

______________

Baseball:

Judge Tells Dodgers to Leave the Other 29 Teams Out of It
(DBN)

Dodgers Can't Use TV Contracts of Other Teams, Judge Rules
(DBN)

Bankruptcy judge denies Dodgers request for Selig details
(DBN)

Judge to MLB: Prove McCourt-Dodgers case
(DBN)

Judge sides with MLB, but warns Bud Selig
(DBN)

Ruling In Texas Rangers Bankruptcy Bankruptcy May Hurt MLB In Its Fight With McCourt
(DBN)

______________

Gambling:

Casino workers fear falling from middle class
(DBN)

______________

Religion:

Crystal Cathedral Scandal 'a Bad Picture of the Church, Christianity'
(DBN)

KC diocese facing lawsuit
(DBN)

Priests say they were 'let down' by abusive minority
(DBN)

Fort Worth Diocese settles priest abuse suit
(DBN)

Bishop Zubik: 'The Roman Collar is Not a Bull's Eye'
(DBN)

Lawyers ask court for 'continuing supervision' of diocese
(DBN)

______________

Cross-Border:

US Bankruptcy Court Rules on Extraterritorial Scope of Automatic Stay Arising upon Recognition of Foreign Main Proceeding
(DBN)

______________

Sovereigns:

Debt court idea for bankrupt states gathers pace
(DBN)

______________

UK:

Bank Launches New Stimulus To Stave Off Recession
(DBN)

Moody's Downgrades 12 British Banks
(DBN)

E&Y sued for PE firm's lost insolvency business investment
(DBN)

Winding Up Petitions - 7 October 2011
(DBN)

Appointment of Administrators - 7 October 2011
(DBN)

______________

EU:

European banks on the brink
(DBN)

IMF Advisor: Eurozone Meltdown in 2 or 3 Weeks
(DBN)

Qatar unlikely to be white knight for Europe banks
(DBN)

Explaining the ECB’s latest program
(DBN)

Europe vs. the ECB: A high-stakes game of chicken
(DBN)

EU leaders vow they have a plan to release a plan
(DBN)

Italy, Spain Ratings Cut by Fitch; Belgium Is Put Under Review by Moody's
(DBN)

France, Germany to Discuss Greek Bankruptcy , Contagion, JDD Says
(DBN)

World Bank demands more leadership in Europe from Germany
(DBN)

EU Leaders Are Talking About A 'Plan B'
(DBN)

Median European credit rating falls by a notch-S&P
(DBN)

17 Countries, but Even More Unknowns
(DBN)

______________

PIIGS:

Greek Bankruptcy Not Cheaper Than Rescue, Barroso Says: Report
(DBN)

IMF mission chief says Greece is at crossroads
(DBN)

Barroso says Greek default would spread crisis
(DBN)

How Greece Could Escape the Euro
(DBN)

Greece must give up sovereignty to get more help
(DBN)

Greek Protests: This Has Destroyed Us
(DBN)

Fire Sale on Irish Property
(DBN)

Prepare For An Irish Haircut And A Worse Banking Crisis Than You've Read About In The Papers
(DBN)

Spain Moves Ahead With Bank Clean-Up
(DBN)

Central Bank Says Lisbon Must Take 'Significant' Steps on Deficit Targets
(DBN)

______________

Germany:

German Corporate Insolvencies Fall For 11th Straight Month
(DBN)

______________

Canada:

Dramatic Divergence Between Employment In Canada And In The US
(DBN)

Canada outshines U.S. with stunning jobs growth
(DBN)

______________

Australia:

Corporate insolvencies surge to record level in August
(DBN)

______________

Venezuela:

Chavez to seize homes and hotels for the poor
(DBN)

______________

Korea:

Korean CDS debt spread widens most since 2009
(DBN)

______________

India:

Demand slowdown, volatile prices force more companies to go for debt recast
(DBN)

______________

Japan:

Japan Central Bank Warns on World Economy
(DBN - NY Times - Paywall Limit Possible)

______________

Denmark:

Max Bank Will Fail Under Denmark s Bail-In Law, Government Says
(DBN)

______________

China:

Chinese underground banking is out of control
(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).

 

Copyright 2011