October 14, 2011

The Daily Bankruptcy News

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Law:

Hot Practice Areas in the In-House Legal Market
(DBN)

Paige L. Ellerman Joins Frost Brown Todd’s Bankruptcy and Restructuring Group
(DBN)

Ruden McClosky , Greenspoon Marder discuss merger
(DBN)

Global 100: Strong dollar helps US leaders set the pace as London firms face fierce competition
(DBN)

Lowering Legal Spending by Increasing In-House Workloads
(DBN)

MGA settles billing dispute with O'Melveny
(DBN)

An Inside Look at the Skadden Annual Review Process
(DBN)

Eversheds Offers Clients an Alternative to Its Own Lawyers—Its Own Contract Lawyers
(DBN)

As Stanford Victims Grumble, Court Approves Receiver's Latest Fee Request
(DBN)

Rajaratnam, Goldman Sachs, Brocade, Amaranth in Court News
(DBN)

BlackBerry Outage Spurs DLA Piper to Consider the Alternatives
(DBN)

Bill Lerach’s Unofficial Prison Guardian Was a Former Hells Angels Leader
(DBN)

Law School Dean/Martyr Did Not Lose His Job In Vain
(DBN)

Law School: Second thoughts
(DBN)

Upgraded Bloomberg Law Re-Enters the Research Wars
(DBN)

Occupy Wall Street: Tipping point, legal sector has to take notice
(DBN)

iPhone Outsmarts the Man Who Stole It, Snapping Photo Evidence
(DBN)

Inmates Allowed to Wear Own Clothes to Boost Self-Esteem
(DBN)

Lawyer publishes "no holes barred" book
(DBN)

Man accused of phony door-to-door exams strikes deal with prosecutors
(DBN)

Children of the Corn - Go To The Light
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Seattle superhero walks free, vows to continue fighting crime
(DBN)

Court Slams Bo Jackson's 'Preposterous' Partner
(DBN)

The Naked Truth Always Comes Out in Court (But Not Like This)
(DBN)

"The Good Wife" - If Alicia gets fired, she should sue firm for sexual harassment
(DBN)

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Judges:

Pa. Judge Is Accused of Seeking Sexual Favors for Favorable Rulings in Two Cases; Probe Continues
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Wall Street:

U.S. Stock Futures Gain Before Economic Data
(DBN)

JPMorgan Leads Stocks Lower as Euro Retreats, Treasuries Rebound
(DBN)

Who's behind the Wall St. protests?
(DBN)

Occupy Wall Street Flush With Cash, But Not From Soros
(DBN)

Occupy Wall Street Now Twice As Popular As The Tea Party
(DBN)

Protesters suspicious of plan to clean up NYC park
(DBN)

What Will Become of Occupy Wall Street: A Protest Historian's Guide
(DBN)

Wall St. Protesters Can't Return Gear to Park
(DBN)

Protesters Sweep Up Before Being Swept Out
(DBN)

Occupy Wall Street showdown looms between protesters and NYPD police
(DBN)

Occupy Wall Street Just Part of Global Anxiety
(DBN)

It's Time Economic Populism Becomes a Force
(DBN)

Jonathan Kay on Occupy Wall Street: It's a symptom of something serious
(DBN)

Occupy Wall Street: A Beautiful Thing
(DBN)

Occupiers on Bank Law: Fix It
(DBN)

Occupy Wall Street's Real Demands
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Occupy Wall Street Hits the Slopes
(DBN)

Canada rallies spread in economic 'awakening'
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Layoffs:

Senate Republicans offer their own jobs bill
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Senate Republicans Throw Together Jobs Plan To Prove Obama Wrong
(DBN)

Companies Posted Few Jobs Openings in August
(DBN)

Having a Job Ain't What It's Cracked Up to Be
(DBN)

Seven in 10 College Grads Are Employed Full Time for Employer
(DBN)

US Manufacturing Jobs Go Begging for Workers
(DBN)

National and State by State Unemployment Rates
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Animated Map of Unemployment
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Retailing:

Gap to close 34% of namesake U.S. stores by end of 2013
(DBN)

Gap bets on bolder classics for turnaround
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Municipalities:

Harrisburg attorney defends bankruptcy filing
(DBN)

Harrisburg Bankruptcy Judge Mary France Named as Lawyers Line Up for Fight
(DBN)

Questions abound in Harrisburg's debit crisis - "lifetime federally appointed bankruptcy judge"?
(DBN)

Harrisburg Council Faces Claims They Broke Laws in Filing for Bankruptcy
(DBN)

Harrisburg Council Faces Legal Hurdles That May End Bankruptcy
(DBN)

Harrisburg Weighing Bankruptcy Against 'Fiscal Suicide'
(DBN)

Harrisburg, Pa., Has Filed For Bankruptcy, Proving It's Either Service Debt Or Service Residents
(DBN)

Harrisburg city councilman explains why Pennsylvania capital filed for bankruptcy
(DBN)

Experts call bankruptcy approval unlikely for Harrisburg; financial markets label the crisis a 'train wreck'
(DBN)

Q&A: Why is it unlikely that Harrisburg gets bankruptcy protection? What happens next?
(DBN)

Pa. capital's bankruptcy could be long, difficult
(DBN)

Harrisburg, Pennsylvania's Incinerator: A Story of Unintended Consequences
(DBN)

Harrisburg not a meltdown for munis
(DBN)

Scranton officials say there will be no bankruptcy
(DBN)

Gurley argues Alabama law does not support $4.8 million judgment
(DBN)

Jefferson County commissioners, local legislators, lawyers meeting on county fiscal crisis
(DBN)

Jefferson County Democratic Lawmakers May Derail Debt Deal
(DBN)

Bentley says November session for Jefferson County unlikely
(DBN)

City with the Best Credit Scores in America
(DBN)

Texas Sales Tax Revenue Up 11.8% in Sept.
(DBN)

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Finance:

Bad Boy Guaranties: Does the Punishment Fit the Crime?
(DBN)

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Corporate Governance:

Putting the “Limited Liability” into “Limited Liability Company”: Delaware Supreme Court Affirms Limited Scope of Derivative Standing to Pursue Claims on Behalf of LLCs
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Hotels:

Innkeepers, Cerberus reach tentative sale pact
(DBN)

Hotels: Occupancy Rate shows slight year-over-year increase
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Aviation:

Airline Plans To Put Only One Toilet On Planes In Latest Scheme To Slash Fares
(DBN)

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Mail:

Postal Service Hasn't Been Overpaying Retiree Benefits By Billions, Auditors Say
(DBN)

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Turnarounds:

The Oscar for Bank Turnaround Artists
(DBN)

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Weather:

Texas Faces Billions in Water Costs as Drought Imperils Economy
(DBN)

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Credit/Debit Cards:

Yikes! The Rise of Subprime Credit Cards
(DBN)

A Different Skirmish Over A.T.M. Card Fees
(DBN - NY Times - Paywall Limit Possible)

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Economy:

Growing Income Gap May Leave US More Vulnerable to Crisis
(DBN)

Access to Necessities Falls to Recession Levels
(DBN)

U.S . and China Data Highlight Weakness in Global Economy
(DBN)

Manufacturing Index Shows Slower Growth
(DBN)

U.S. Investor Optimism Plunges
(DBN)

Bank Economist: 50% Chance of Recession
(DBN)

The simple math of recession - Many economic sectors don’t have much more room to fall
(DBN)

America's Lost Decade to Last Until 2016
(DBN)

Buffett Rule could hit 25% of the very rich
(DBN)

Yup, the Buffett-and-his-secretary analogy is completely accurate
(DBN)

Some Millionaires May Break 'Buffett Rule': Study
(DBN)

Tax Debate: Numbers Back Buffett, Krugman
(DBN)

Reagan Speech on Taxing Millionaires Goes Viral After Georgetown Law Grad Takes Notice
(DBN)

Class warfare: Who pays their fair share of taxes?
(DBN)

The debate over entitlement spending is only going to accelerate
(DBN)

G20 mulls steps to restore consumer trust in banks
(DBN)

In a Down Economy, Fewer Births
(DBN)

Bring profits home and create jobs? Maybe not
(DBN)

The 18 Most Hated Companies In America
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
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US Debt Clock
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Real Estate:

Mortgage Probe Short of Settlement as States Remain Divided After a Year
(DBN)

Dimon: AG mortgage servicing talks still 'bogged down'
(DBN)

CFPB outlines mortgage servicing regulation strategy
(DBN)

CFPB official calls mortgage servicers 'plagued' by consumer protection problems
(DBN)

Mortgage rates rise on jobs data
(DBN)

Mortgages Rise But Refis Still Hold Appeal
(DBN)

Fannie CEO: Flat guarantee fee on mortgages unlikely
(DBN)

Sharp Rise in US Foreclosures
(DBN)

10 States Being Crushed by Foreclosures
(DBN)

Georgia Now 4th in Foreclosures
(DBN)

Curious Omissions from a New York Times Story on a Foreclosure Auction Protest
(DBN)

Yearly housing inventory down 20%, home sales up
(DBN)

Foreclosures Continue to Plague Market
(DBN)

Southern California home sales remain steady
(DBN)

Commercial real estate defaults continue in Las Vegas
(DBN)

Some Banks Are Giving Away Foreclosed Properties; Cleveland Serves as Model
(DBN)

Teardown Time for Big Builder Magazine
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Beazer sees higher 4Q closings, orders
(DBN)

MetLife to sell mortgage business, citing excessive regulation
(DBN)

Freddie to link employee pay with customer satisfaction
(DBN)

Foreign mortgage bond investors may flee without federal backing
(DBN)

Can Bank Of America Dispose Of Countrywide?
(DBN)

Credit Suisse closes CMBS loan-origination operation
(DBN)

The 15 Most Expensive Zip Codes In America
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Corporate Reform:

Volcker Rule May Mostly 'Go Up in Smoke,' Goldman's Levitt Says
(DBN)

Volcker Rule Made Simple
(DBN)

New Banking Rules, Courtesy of Pushme-Pullyu
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Fraud:

Hedge fund billionaire gets 11-year sentence in fraud case
(DBN)

Rajaratnam’s Ill Health Wins Him Shorter Prison Term
(DBN)

Rajaratnam’s Litany of Health Woes
(DBN)

More Details on Rajaratnam’s Health
(DBN)

Record sentence in NYC insider trading case
(DBN)

Rajaratnam Stays Silent Facing More Than a Decade Behind Bars
(DBN)

Galleon Timeline: What’s Transpired Since Raj’s Trial
(DBN)

Away with you
(DBN)

Rajaratnam sentence shows value of court process
(DBN)

Raj Rajaratnam Sentenced to 11 Years! Butner Becomes Hottest Club In Town
(DBN)

Rajaratnam May Serve His Time With Madoff
(DBN)

How other white-collar convicts are serving their time
(DBN)

Lautenbergs Seek to Pursue Madoff Suit, Cite Rakoff Ruling
(DBN)

Citigroup Sued by Fairfield Sentry Liquidators Over Madoff
(DBN)

Madoff feeder fund suffers defeat in effort to claw back investor redemptions
(DBN)

Madoff Judge Stops Cayman Lawsuit Against Trustee Picard
(DBN)

Seattle-Area Advisor Subject of Federal Fraud Investigation
(DBN)

Stanford Judge Says Receiver May Need to Conclude Search for ‘Pot of Gold’
(DBN)

Texas A&M sued in Ponzi
(DBN)

NY swindler called ' mini-Madoff ' to be sentenced
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Tax:

Treasury Finds Tanning Tax Collections Lacking
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Newspapers:

New York Times Seeks Cuts in News Staff as Advertising Revenue Weakens
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Mass Torts:

BP paid $7 bln in Gulf disaster claims: Executive
(DBN)

US to impose sanctions on BP, Gulf spill contractors
(DBN)

For BP and its partners, what does $45 million mean?
(DBN)

U.S. Offshore Safety Chief Pushes For Fine Increase
(DBN)

Oil Firms Face Liability Protection Challenges
(DBN)

BP will not be banned from offshore lease sale
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Autos:

Judge approves $123M in “old” GM lawyer fees
(DBN)

UAW workers in Chicago reject Ford deal, strike possible
(DBN)

Ford, UAW pact runs into worker resistance
(DBN)

Comparing the UAW Contracts
(DBN)

A Vision for Saab , Perhaps Too Late to Save It
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Politics:

Scott Brown's Senate website featured language lifted from Elizabeth Dole
(DBN)

Brown, Warren Work to Sell Voters on Their Stories
(DBN)

The New Republican Vision For Modern Social Safety Nets
(DBN)

Rick Perry Needs a Miracle
(DBN)

Anita Perry: Husband Rick Perry "brutalized" by media, the GOP because of his faith - Compares Him To Moses
(DBN)

FactCheck: Perry Miscasts RomneyCare
(DBN)

Regulation: Not the job killer GOP says
(DBN)

Cain's 9-9-9 Plan is Simple: You Pay More
(DBN)

The 9-9-9 plan for an average household, and for a wealthy one
(DBN)

Rabbit-Hole Economics
(DBN - NY Times - Paywall Limit Possible)

"Generic" Republican Continues to Lead Obama in 2012 Vote
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Student Debt:

New college grads unable to find work because of weak economy face defaulting on student loans
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Health Care:

Uncertain Fate for Brooklyn Hospital Center
(DBN)

Our health-care productivity problem, in one chart
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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:

Madoff, ABC Learning, Friendly, Chef Solutions
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Solyndra, L.A. Dodgers, WaMu, Sbarro, Madoff
(DBN)

Harrisburg, Innkeepers, Madoff, Nebraska Book
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Rochelle on Solyndra, Dodgers, Evergreen Bankruptcies
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Bankruptcy Statistics:

12 Companies That Could Go Bankrupt Very Soon
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Could These Companies Be Next?
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Interactive Bankruptcy Statistics Map
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Avoidance Actions:

Learning From Recent Insider Preference Cases
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Venue:

Madoff Trustee Says Defendants' Judge-Shopping Perverts Law
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Discharge:

Southern District of New York Says Environmental Injunctions are Not Claims Subject to Discharge in Bankruptcy
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Insurance:

Ambac Asks Bankruptcy Court to Estimate IRS's Tax Claim
(DBN)

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Banking:

Fitch: More Than Dozen Banks May Get Rate Cut
(DBN)

Fitch Sends Out A Huge Warning On Banks, Threatening To Downgrade Practically All The World's Biggest Firms
(DBN)

Banks' bad omen
(DBN)

JPMorgan 'cautious' as income dips
(DBN)

Bank stocks sink after JPMorgan earnings
(DBN)

House Democrats call for bank fee probe
(DBN)

Fitch Puts Morgan Stanley on Negative Watch List
(DBN)

Jamie Dimon Blames ‘Capital Confusion’ for Backing Off Buybacks
(DBN)

7 banks that aren't gouging you with fees
(DBN)

Banking's loneliest defender
(DBN)

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Baseball:

Dodgers' bankruptcy could cost Frank McCourt plenty
(DBN)

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Solar:

Solyndra CEO Brian Harrison Resigns
(DBN)

New Leader Named for a Bankrupt Solar Company
(DBN)

After Solyndra's ugly fall, can solar industry still shine?
(DBN)

Solyndra Signage Tells a Story
(DBN)

Congressional hearing to focus on restructuring of Solyndra's debt
(DBN)

Solyndra investor asked for White House publicity as firm sought federal funds
(DBN)

DOE bristled at fundraiser's Solyndra push
(DBN)

Solyndra Funder George Kaiser Paid Zero Taxes for Years
(DBN)

Rahm Emanuel weighs in on Solyndra
(DBN)

Rick Perry approved business grants to donors, inviting Solyndra comparisons
(DBN)

Who Besides Solyndra Got Loan Guarantees?
(DBN)

Solyndra's Problems Were More Politics Than Power
(DBN)

Solar Project That Received $1.2 Billion Federal Loan Sponsored By Financially Troubled Firm
(DBN)

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Orchestras:

Philly orchestra, musicians approve new contract
(DBN)

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Food/Beverage:

Fed agency says it will fight Friendly’s effort to dump employee pensions during bankruptcy
(DBN)

Restaurant Bankruptcies Make PE Queasy
(DBN)

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UK:

Insolvency Service closes down group of 61 companies for Companies Act breaches where the directors failed to co-operate with investigators
(DBN)

PwC has earned £400m from Lehman Brothers so far
(DBN)

Construction output down in August
(DBN)

Appointment of Administrators - 13 October 2011
(DBN)

Winding Up Petitions - 13 October 2011
(DBN)

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EU:

Slovakia clears way for euro zone rescue fund
(DBN)

17 Is Too Many to Tango
(DBN)

Markets Are Over Their Fears for Europe: Wilbur Ross
(DBN)

Lehman Catastrophic Moment Invoked as EU Seeks Crisis End
(DBN)

EU Officials: Private Sector Bondholders Could Expect 30-50% Haircut
(DBN)

Deutsche Bank boss opposes IMF bailout
(DBN)

European Banks Face Deadline to Raise Capital Levels
(DBN)

Europe’s Other Gigantic Bank Problem
(DBN)

Europe Crafts Rescue Plan With More IMF Firepower
(DBN)

European Banks May Need to Raise 200B Euros
(DBN)

Force-Feeding Capital To European Banks Could Backfire
(DBN)

France and Germany agree plan to recapitalize European banks
(DBN)

German banks warn against higher capital demands
(DBN)

The Worst Place To Live In Western Europe
(DBN)

The Most Dangerous Cities In Europe
(DBN)

Carrefour, Europe's biggest retailer, sounds the alarm over the economy
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PIIGS:

Greek unions to stretch general strike to two days
(DBN)

Greek finmin Venizelos says ready to assume political cost for austerity
(DBN)

ECB Warns on Bigger Greek Hit to Banks
(DBN)

Greece urged to lower minimum wage to boost jobs
(DBN)

The Man Who Led Greece Into The Euro Says Quitting Now Would Be A Disaster
(DBN)

Europe tempted to save Greek trauma for later
(DBN)

Transport strikes hit Greek capital
(DBN)

Portugal gov't warns of severe cuts , tax hikes
(DBN)

Portuguese are 'working more for less money'
(DBN)

Review Of Irish "Ghost Towns" Finds Over 2,000 Unfinished Developments
(DBN)

Irish still paying price of housing euphoria
(DBN)

Can Ireland escape Europe's debt crisis?
(DBN)

S&P Downgrades Spain To AA- With A Negative Outlook
(DBN)

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Canada:

Hedge funds take aim at Canadian banks
(DBN)

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France:

France's Fishy Denials As Its Mega-Banks Teeter
(DBN)

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China:

As China's Economy Cools , Loan Sharks Come Knocking
(DBN)

Chinese Struggling Less Than Americans to Afford Basics
(DBN)

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Finland:

Finland Celebrates National Failure Day
(DBN)

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Denmark:

Danish Bank Watchdog Sets January Deadline for Insolvency Tests
(DBN)

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Copyright 2011