October 24, 2011

The Daily Bankruptcy News

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Law:

Unfinished Business
(DBN)

When Raising Rates
(DBN)

The Global 100 Profit Picture: An Interactive Chart
(DBN)

Baker & Hostetler awarded another $44.7 million for Madoff work
(DBN)

DLA Piper reassures partners as it lays ground for all-equity model
(DBN)

The Economics Of Law Favor The Experienced, Survey Says
(DBN)

UK: Half-year results reveal revenue hikes
(DBN)

Working for Clients & Customers: It's Not About You, Dude. Ever.
(DBN)

Fee Fight! Orrick and Bratz Maker Part Ways
(DBN)

Businesses Sue Lawyer, O'Quinn Firm Seeking $110 Million
(DBN)

Attorney wanted: "fit and healthy, without too many extra curricular activities . . . virtuous accomidations (sic)"
(DBN)

Truther Lawyers Earn Judicial Wrath
(DBN)

Minnesota Takes the High Road to Mentoring
(DBN)

Former MoFo Partner Pleads Guilty to Bilking Insurers, San Francisco Schools
(DBN)

Cooley Dismissal Motion Says Misleading Stats Suit Reads ‘Like a Free-Form Rant’
(DBN)

Thomas M. Cooley Law School Adopts the ‘Blame the ABA’ Theory For Defending Its Employment Stats
(DBN)

Law Professor Turned Songwriter
(DBN)

A Recent Law Grad’s Attempt at Revenge on His Law School
(DBN)

Big law school loan provider getting out of the business
(DBN)

Yale Comes Cheap, But Harvard Will Cost You
(DBN)

McElhaney: The Burden of Reasonable Doubt
(DBN)

Work Email: Clients Beware
(DBN)

iPad 2 Security Issue for Lawyers
(DBN)

Philadelphia lawyer target of fraud allegations in Liberty State bankruptcy
(DBN)

NBA Talks Collapse; Dodgers Drama Drags On
(DBN)

Goldman, Standard Bank, Statoil, BofA, Abbott in Court News
(DBN)

NFL Star Fined For Calling Wife Mid-Game to Say He Was Okay
(DBN)

Veteran Lawyers Expound on Value of Public Service
(DBN)

This Bride Had No Desire to Be a ‘Dancing Queen,’ So She Sued
(DBN)

Investigators Seize Pa. Lawmaker and Ex-Prosecutor’s Computers in Evidence-Tampering Probe
(DBN)

Celebrity Lawyer Accused of Calling Attorneys ‘Sleazy’ Is Sanctioned $35K
(DBN)

Law Firm Partner in Libya for Contractor Client Awakes to Unusual Gunfire
(DBN)

In life and death cases, costly mistakes
(DBN)

"The Good Wife" - The brutality of working at a law firm
(DBN)

Divorce Hotel: 'Check In on Friday and on Sunday Your Marriage is Over'
(DBN)

Expert Witness Lawyer Morphed Stock Photos for Defense Exhibits, Told to Pay $300k
(DBN)

The charming Romeo from hell
(DBN)

“Juror pledge” [“I will not do research on the internet”]
(DBN)

The opinion refers to the client as "Mr." of "Ms." depending on the time.
(DBN)

Disbarred After $1.48M Alleged BigLaw Billing Fraud, Ex-Attorney Faces Uphill Reinstatement Battle
(DBN)

Woman beaten with frozen armadillo
(DBN)

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Judges:

Bankruptcy court plans for judge's retirement
(DBN)

Neal Bason Chosen as Central District Bankruptcy Judge
(DBN)

Hundreds of trips: who's paying?
(DBN)

A big gift for Bybee
(DBN)

Clarence Thomas's Brand of Judicial Logic
(DBN)

Twenty Years of Justice Thomas
(DBN)

Justice Breyer Riffs On The Death Penalty, Citizens United, Bush v Gore
(DBN)

The Ugliness All Started With Bork
(DBN - NY Times - Paywall Limit Possible)

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Wall Street:

S&P 500 Futures Rise on Signs of Faster Economic Growth in Asia
(DBN)

Stocks rise sharply on solid corporate earnings
(DBN)

Wall Street: Worst Quarter Since Crisis
(DBN)

Goldman: $10B in Bonuses And Losing Money
(DBN)

Companies post profits but investors still worry
(DBN)

NY protest lures broad array of activists
(DBN)

At Zuccotti Park, Conflict Arises Among Occupiers
(DBN)

Zuccotti neighbors: Stop dumping on us
(DBN)

Financial Adviser’s Wife Will Remain In Zuccotti Park Giving Out Free Hugs “Forever”
(DBN)

Wall Street protest camp builds its own world order
(DBN)

Twenty-four hours at Occupy Wall Street
(DBN)

Protesters at Immelt's Connecticut Home
(DBN)

What should Occupy Wall Street's agenda be?
(DBN)

Occupy Wall Street: A day in the odd and passionate life of the Zuccotti Park protesters
(DBN)

For tea party and Occupy Wall Street movements, some common ground
(DBN)

My Iron-Clad Demands for Occupy Wall Street
(DBN)

40% of Financial Advisors Support Protesters
(DBN)

Occupy Protests Seen From Left and Right
(DBN)

Real Grievances Fuel Occupy Wall Street Protests
(DBN)

Political puppetry or real-deal protests?
(DBN)

The language of Occupy Wall Street
(DBN)

Pete Seeger Sings At Occupy Wall St., Cornell West Gets Arrested
(DBN)

Occupy Wall Street offers lessons for professionals
(DBN)

Over A Third Of Americans Support Occupy Wall Street Protests
(DBN)

NYC residents complain about 'Occupy' protesters
(DBN)

Can Occupy Wall Street protesters survive the winter? Squabble over $500,000 in bank as cold weather begins to grip
(DBN)

Occupy Wall Street's Marketing Crisis: What Would an OWS Brand Look Like?
(DBN)

Occupy Wall Street campground becoming spot for vagrants, ex-cons & 'takers'
(DBN)

Police crack down on Chicago protest
(DBN)

Scotland, Philadelphia, Charlotte, Chicago
(DBN)

______________

Layoffs:

September Jobless Rates by State
(DBN)

Federal stimulus money for Oregon jobs hired foreign workers
(DBN)

Few Americans Take Ala. Immigrant's Jobs
(DBN)

Senate Blocks $35B Hiring Bill
(DBN)

Richard Fisher: Fed Actions Aren't Aiding Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Dueling stories of rags to riches
(DBN)

Barbra Streisand luvs Elizabeth Warren
(DBN)

A Furious Rubio Fires Back on Parent’s Story
(DBN)

Bachmann Disputes Collapse Of Her N.H. Operation
(DBN)

Herman Cain Tweaks 9-9-9 Tax to Remove Flat Tax for Poorest Americans
(DBN)

______________

Hotel:

Rehashed Innkeepers sale plan gets court approval
(DBN)

Innkeepers to exit bankruptcy after judge OKs Cerberus, Chatham deal
(DBN)

Ginormous Dallas Hotel Set to Open
(DBN)

______________

Museums:

Creditors object to Mob Experience loan plan
(DBN)

______________

Lehman:

Lehman, SunCal to face off in bankruptcy court
(DBN)

______________

Resorts:

Trump Asking $8.5M Bid Protections On $170M Offer For Doral
(DBN)

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Economy:

World Economy Hinges on EU Finance Talks
(DBN)

Most Baby Boomers to Work for Life
(DBN)

Fed's Duke: Households are Paring Debt
(DBN)

Consumer Confidence at Post Consumer Low
(DBN)

Report: Rich-Poor Gap Growing
(DBN)

GDP 6.7% Below Potential
(DBN)

What Revised Productivity Rate Will Mean
(DBN)

Wild Ride of the 1%
(DBN)

Prediction From BofA: Another US Debt Downgrade Is Coming In Just A Few Weeks
(DBN)

Europe overshadows the outlook
(DBN)

The Tale of the Dueling Economists
(DBN)

USA not in top 10 for starting a business
(DBN)

Senators find sweet spot in ending benefits to millionaires
(DBN)

Goldman on True State of US, China Economies
(DBN)

Poll: 72% Say US is Headed in the Wrong Way
(DBN)

Incomes Down for Most, Not for Wealthiest
(DBN)

High Gas Prices Trap More Americans
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Is the Housing Crisis Making People Sick?
(DBN)

N.Y. lawyer who helped orchestrate $92 mln mortgage fraud disbarred
(DBN)

Banks Push for Coordination of 17 Mortgage-Backed Securities Suits
(DBN)

Principal reduction still alive in robo-signing settlement
(DBN)

Regulators seize PMI Group mortgage insurance subsidiary
(DBN)

Zillow: Case-Shiller likely fell 3.8% in August
(DBN)

Recent housing data shows only weakness: RadarLogic
(DBN)

Rentals: Expect to Pay More
(DBN)

Drop in Loan Limits: Some Early Results
(DBN)

Higher Mortgage Caps — Back from the Dead?
(DBN)

Potential felony charges make servicers pause Nevada foreclosures
(DBN)

Mortgage delinquency rate declines, foreclosure inventory rises: LPS
(DBN)

TH Properties 'working tirelessly, diligently'
(DBN)

_____________

Banking:

Speculation: Bank of America headed to bankruptcy court
(DBN)

Bank of America Is Too Much of a Behemoth to Fail
(DBN)

Obama nominates big bank critic for FDIC vice chair
(DBN)

Obama Aims for Compromise With Hoenig Pick for FDIC
(DBN)

FDIC’s New No. 2 Hoenig: Big Banks Inconsistent With Capitalism
(DBN)

'Haircut' threat to banks
(DBN)

______________

Solar:

Solyndra-linked fundraiser still boosting Obama campaign
(DBN)

Solyndra investor's foundation status called into question
(DBN)

Solyndra to Auction Assets, But Taxpayers Won't See a Dime
(DBN)

House wants more testimony on Solyndra
(DBN)

Cost of Subsidizing Fossil Fuels Is High, but Cutting Them Is Tough
(DBN)

Solar power is beginning to go mainstream
(DBN)

______________

Pensions:

GE Discusses 'Retirement Heist'
(DBN)

Ellen Schultz replies to GE
(DBN)

Verizon's Profits Double After Raiding Pensions
(DBN)

______________

Corporate Reform:

How Mr. Volcker Would Fix It
(DBN)

Volcker Rule, Once Simple, Now Boggles
(DBN)

Volcker wants crackdown on money market funds, GSEs
(DBN)

It Guards the Markets, but What About Itself ?
(DBN)

How Much is Enough?
(DBN)

SEC settlers could soon have to admit more
(DBN)

______________

Mass Torts:

GAO Releases Asbestos Trusts Report, Identifies Possibility for Fraud
(DBN)

GAO Report Confirms Asbestos Bankruptcy Trust System Is Broken
(DBN)

______________

Photography:

Eastman Kodak seeking rescue financing
(DBN)

Kodak shares rise on debt financing report
(DBN)

Struggling Kodak had to pay for CEO's vacations in Spain
(DBN)

Kodak supplier: "We have to conclude that there is a significant probability that Kodak will default on its financial obligations to unsecured creditors."
(DBN)

______________

Retailing:

Barnes & Noble CFO Joseph Lombardi resigns
(DBN)

Carls Furniture says it has deal to emerge from Chapter 11
(DBN)

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Fraud:

The Broke and the Beautiful: Scott Rothstein Edition
(DBN)

Top BSO official agrees to pay $30,000 in Rothstein bankruptcy case
(DBN)

Jail From the Inside
(DBN)

Fraud case leaves California Dems scrambling
(DBN)

Andrew Madoff Appeal of $198 Million Suit 'Not Warranted'
(DBN)

Madoff: A widow, some tears, a book, and we still don't know much
(DBN)

Former Bank President Pleads Guilty In Multi-Million-Dollar Bank Fraud Conspiracy
(DBN)

Denny Hecker loses appeal for part of $4.1 million
(DBN)

AIG loses bid to move $10 billion fraud case vs BofA
(DBN)

______________

Electricity:

Southern Montana Electric files for bankruptcy - Cites 'cash-flow crisis'
(DBN)

City Officials Sound Off on Southern Montana Electric's Bankruptcy
(DBN)

Yellowstone Valley Co-op's president talks about Southern Montana bankruptcy
(DBN)

Great Falls officials respond to SME bankruptcy decision
(DBN)

Dynegy tries Chrysler method to get around bondholders
(DBN)

______________

Bankruptcy Crimes:

Bel-Air Man Convicted of Bankruptcy Fraud
(DBN)

______________

Media:

Almost in clear, Trib seeking new CEO
(DBN)

______________

Health Care:

Bankruptcy documents provide details into FBI probe of doctor
(DBN)

How Successful Dieters Keep Weight Off
(DBN)

______________

Baseball:

McCourt, Selig Prepare for Court Fight Over Dodgers
(DBN)

Selig Bends Rules to Fit in Effort to Oust McCourt From Dodgers
(DBN)

______________

Hockey:

Miller and Greenberg groups decide to pass on possible bid on Stars
(DBN)

______________

Aviation:

AMR shares dip, analyst says bankruptcy is likely
(DBN)

Is Another Airline Headed For Bankruptcy ?
(DBN)

______________

Celebs:

Young Buck Can't Avoid Bankruptcy
(DBN)

______________

Asset Protection:

Cook Islands Asset Protection Trust Results In Special Circumstances Allowing Less-Than-Three Creditors Involuntary Bankruptcy Petition
(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:

Lehman, Innkeepers Trust, Madoff, Tribune, Xanadoo
(DBN)

Saab, Sotskombank, A-Tec, Japan Property Statistics
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Recent Developments Regarding Preferential Transfers
(DBN)

______________

Consolidation:

R2D2’s Affiliates Might Be Safe from Substantive Consolidation, but Some Nondebtors in the Ninth Circuit Might Get Pulled Over to the “Dark Side”
(DBN)

______________

Insurance:

PMI Group Unit Seized by Arizona Agency, to Pay 50% on Claims
(DBN)

MGIC Loss Wider Than Expected
(DBN)

Insured barred from recovery based upon judicial estoppel following bankruptcy proceeding
(DBN)

______________

Tax:

Swiss Banks Said Ready to Pay Billions to U.S., Hand Over Account Names
(DBN)

______________

Autos:

Why the UAW Made Peace with Detroit
(DBN)

S&P Upgrades Ford Two Notches
(DBN)

Saab Restructuring: Terms of Deal Still Uncertain
(DBN)

Saab's reorganization will fail, says administrator
(DBN)

Saab faces scrapyard as court considers fate
(DBN)

Chinese investors want all of Saab
(DBN)

Car Company Gets U.S. Loan, Builds Cars In Finland
(DBN)

______________

Food/Beverage:

Cagle's in Chapter 11 as Georgia's poultry industry under strain
(DBN)

Damon's Grill and Sports Bar shuts down four Ohio locations; stiffs workers on final paychecks
(DBN)

______________

Religion:

Secret Service, IRS Investigate Megachurch
(DBN)

______________

Municipalities:

Important Issues in a Chapter 9 Case for a Municipality
(DBN)

The Little State With a Big Mess
(DBN)

Harrisburg to cancel annual Holiday Parade
(DBN)

Pa. Gov. Corbett moves toward Harrisburg takeover
(DBN)

Harrisburg Receivership Bill Shows States Faster to Take Control
(DBN)

Some say it's historic. Others feel it's just ridiculous.
(DBN)

Officials disagree over impact of Harrisburg's financial woes
(DBN)

Neighboring towns and cities watching Harrisburg bankruptcy closely
(DBN)

State had to act to spare Harrisburg
(DBN)

ACT 47 ruling leaves difficult choices
(DBN)

Ultimate Pyrrhic victory -- Evisceration of Act 47 requires state intervention
(DBN)

Harrisburg saga exposes crisis
(DBN)

What Harrisburg needs now
(DBN)

Mayor Thompson responds to Keith Olbermann's 'worst person' comments
(DBN)

The Incredible Story Of The Jefferson County Bankruptcy -- One Of The Greatest Financial Ripoffs Of All Time
(DBN)

Huge debt may bankrupt tiny Mascotte
(DBN)

Nearly 6 Million in California in Poverty
(DBN)

The Reality Behind California vs. Texas
(DBN)

Poverty Rates Up in Most US Cities
(DBN)

10 Poorest Cities in America
(DBN)

______________

Ratings:

Standard & Poor's has argued SEC should drop case
(DBN)

______________

Sovereigns:

Four Nations, Four Lessons
(DBN)

Soaring prices push Queen close to 'fuel poverty'; Monarch switches off lights as energy bills rocket
(DBN)

______________

UK:

'Bankruptcy tourism' crackdown shuts 61 companies
(DBN)

Prime Minister calls for greater firepower in Euro crisis as experts warn collapse could cost Britain £120bn
(DBN)

Warning after number of holiday firms facing bankruptcy jumps 49% in past year
(DBN)

The Corporate Criminal Plea Sets Sail for the UK
(DBN)

Appointment of Administrators - 21 October 2011
(DBN)

Winding Up Petitions - 21 October 2011
(DBN)

______________

EU:

Europe's leaders nearing debt solution
(DBN)

Sarkozy backs down on ECB crisis role, progress slow
(DBN)

French President: EU to anticipate bank rules
(DBN)

EU Sees Progress on Banks, Rules Out Bigger ECB Crisis Role
(DBN)

Big banks under new pressure in Europe crisis
(DBN)

Banks: take a cut or face default
(DBN)

Banks raise Greek haircut offer to 40 percent in talks
(DBN)

Greece may need 60% bond writedown
(DBN)

Bank's collapse in Europe points to global risk
(DBN)

EU bank failures will crash Wall Street — again
(DBN)

New euro 'empire' plot by Brussels
(DBN)

EU Considers Ban on Country Ratings
(DBN)

______________

PIIGS:

Pressure on Italy in eurozone struggle
(DBN)

The Sad Story Of Why Everyone's Angry At Italy
(DBN)

Europe demands 'major' sacrifices from Italy on debt
(DBN)

Merkel Takes Aim at Italy With Demand That Euro Members Live Within Means
(DBN)

The Vicious Cycle At The Heart Of Europe's Crisis
(DBN)

Greeks ask European leaders in Brussels for grand solution, but leaders keep expectations low
(DBN)

Greek 2nd rescue deal seen not enough
(DBN)

Greeks ask God for help
(DBN)

More Austerity Means More Strikes Too
(DBN)

Greek Socialists Weakened by Austerity Waves
(DBN)

Hungary at risk from Greek bankruptcy
(DBN)

______________

Canada:

Sterling Shoes in bankruptcy protection
(DBN)

______________

MENA:

Gadhafi’s Death Staves Off Legal Mess
(DBN)

Gaddafi salted away about $200 billion
(DBN)

Grisly death raises questions about Libya's new rulers
(DBN)

Saif Gaddafi captured 'alive and uninjured' in Nessma claim Libyan officials
(DBN)

Libya’s transitional leader declares liberation, sets Islamist tone for future
(DBN)

Huge turnout in Tunisia's Arab Spring election - Islamists expected to win
(DBN)

______________

China:

Liquidation specialist warns of mainland risks
(DBN)

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Copyright 2011