October 26, 2011

The Daily Bankruptcy News

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Law:

Proskauer, Chadbourne off the hook in Ponzi scheme class action
(DBN)

V&E, Wachtell Land Roles as Plains Makes Hostile $1 Billion Bid for SemGroup
(DBN)

TCW, Deutsche Bank, Innospec, Oppenheimer, MERS, Altria in Court News
(DBN)

AT&T, JPMorgan, Madoff, Goldman, Lehman in Court News
(DBN)

Report: Obama nominee, some AGs too close to plaintiffs bar
(DBN)

Top Partners to Work For – New York (Part 3)
(DBN)

Female Partners Still Unloved
(DBN)

How One Gibson Dunn Partner is Grooming the Next Generation
(DBN)

Former U.S. bankruptcy court judge Garrity jumps from Shearman & Sterling to Morgan, Lewis (scroll down)
(DBN)

Ballard Spahr forms commercial real estate recovery group
(DBN)

In-house Counsel as Targets for Government Prosecutions
(DBN)

Lincoln Was Self-Taught . . . So Why Go To Law School?
(DBN)

Law School Admissions Officers Are Googling Applicants and Checking Them Out on Facebook
(DBN)

One Law School’s Guerrilla Advertising Campaign Makes It Look Kinda Silly
(DBN)

A Crime of Fashion: When Law Students Dress Like H------
(DBN)

Law School: Know when to walk away, and know when to run - Don’t throw good money after bad.
(DBN)

The Limitations of Consumer Notebooks in the Enterprise
(DBN)

Want Someone To Download Your Law Review Article? Click Here
(DBN)

New York Times Op-Ed Advocates Letting Everybody Play ‘Lawyer’
(DBN)

E-mails Could Play a Big Part in Buffalo, NY Plane Crash Lawsuit
(DBN)

A Cadwalader Partner, His Deaf Daughter, and His Bunny
(DBN)

Slackers and Jerks at Work Can Decrease Team Performance by Up to 40%, Study Finds
(DBN)

Rule Change Would Allow Government to Lie About Whether Records Exist
(DBN)

Neighbors head to court over unscooped poop
(DBN)

Bologna Smuggler?
(DBN)

Grisham's Ambulance Chaser Pulls Gun on Deadbeat Client
(DBN)

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Judges:

Top Fla. Court Nixes Judge’s Ethics Deal, Says He Needs to Lose 60 Days’ Pay for Belittling Lawyers
(DBN)

Buffalo judges to cover Bankruptcy Court cases in Rochester
(DBN)

Delaware 'Secret' Court Violates Constitution, Federal Lawsuit Claims
(DBN)

Court: Convicted "pump" judge to forfeit retirement
(DBN)

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Wall Street:

US stock futures point to higher Wall St. open
(DBN)

European Stock Futures Fall Before Debt Summit
(DBN)

US Stocks Fall on Data
(DBN)

Occupy Wall Street™
(DBN)

Occupy Wall Street vs. the Drum Circle
(DBN)

Civil War Brewing At Occupy Wall Street
(DBN)

Abolishing Student Loan Debt And Other #OccupyWallSt Demands
(DBN)

Occupy-Wall-Street: The Kids Realize That The Prospect For Jobs Is Slim
(DBN)

Denunciation and Disruption: The Vision That Drives Occupy Wall Street
(DBN)

Occupy Maine Protesters Won't Let a Little Bomb Attack Get Them Down
(DBN)

Wall Street Protesters May Ditch Deal to Dismiss Arrests in Favor of Trial
(DBN)

Atlanta Mayor Urges End To 'Occupy', Says Protesters 'On Path To Escalation'
(DBN)

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Layoffs:

6 million jobless face loss of benefits
(DBN)

Geithner Says Congress' Failure to Act on Jobs a Risk to Growth
(DBN)

Businesses: No hiring, and not much firing
(DBN)

Bitter unemployed man torches 67 luxury cars and 33 others
(DBN)

Layoffs looming as Illumina restructures
(DBN)

GOP Warms to One Part of Obama Jobs Plan
(DBN)

Novartis announces 2,000 layoffs ; NJ to bear brunt of cuts
(DBN)

Peugeot could slash 5,000 jobs to cut costs
(DBN)

Maryland at risk to lose 36,200 defense jobs
(DBN)

Defense Industry Says $1 Trillion Cut Hits 1 Million Jobs
(DBN)

Take This (Defense) Job and…Love It
(DBN)

Layoffs: Wall Street's Big Worry
(DBN)

Layoffs Watch ’11: Deutsche Bank
(DBN)

Older workers get nod in new jobs trend
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Baseball:

LA Dodgers agree to role for fans in bankruptcy
(DBN)

How dare you accuse me of doing the thing I already planned to do!
(DBN)

Selig, Dodgers are using Bryan Stow as a courtroom football…
(DBN)

Accusations Fly in Dodgers Bankruptcy Case Filings
(DBN)

Frank McCourt and all that jazz
(DBN)

______________

Basketball:

More Trouble for Sports Franchises? Involuntary Bankruptcy Petition Filed Against Entity Apparently Affiliated With Ownership of Sacramento Kings NBA Franchise
(DBN)

______________

Corporate Reform:

Should Some Bankers Be Prosecuted?
(DBN)

Why is the SEC Willing to Get Aggressive and Creative With Big Names Only on Insider Trading Cases?
(DBN)

Who's Watching the Consumer Financial Protection Bureau?
(DBN)

Bankers, quit whining about the Volcker Rule
(DBN)

Charlie Gasparino Doesn’t Need A Flowchart To Tell Him How The Volcker Rule Works
(DBN)

UN Report Finds $1.6 Trillion May Have Been Laundered In 2009
(DBN)

______________

Municipalities:

Harrisburg: Will Council election become bankruptcy referendum?
(DBN)

Harrisburg Bondholders Welcome State Control of City Finances
(DBN)

There's money in bankruptcy - for lawyers
(DBN)

Harrisburg mayor offers last-ditch outreach to avert takeover
(DBN)

Harrisburg mayor tells city council to bring plan amendments to meeting
(DBN)

What happens next for the City of Harrisburg now that it is under a fiscal emergency
(DBN)

Annals of Chapter 9 bankruptcy , Vallejo playgrounds edition
(DBN)

Ohio Law Limiting Unions Is Headed for Repeal, Poll Says
(DBN)

Statewide police union says it's open to Act 47 rewrite
(DBN)

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

Massive JeffCo cuts could go into effect Dec. 1
(DBN)

Dramatic Jump in Number of School Districts on Financial Brink
(DBN)

San Diego School District Could Face State Intervention If Fiscal Insolvency Occurs
(DBN)

Nurse Making $269,810 Demonstrates California s Overtime Binge
(DBN)

You Say Potato, Court Says Solvent: Idaho Bankruptcy Court Dismisses Municipality’s Chapter 9 Case for Lack of Evidence of Insolvency.
(DBN)

Poorest place in US? McAllen, Texas. Here's why.
(DBN)

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Fraud:

Madoff Claims Tumble 17% in Trading Prompted by Rakoff Opinion
(DBN)

Merkin, Head of Madoff Feeder Fund, Hit With $7M Ruling
(DBN)

How Ed DeMarco finally cried fraud
(DBN)

Former Le-Nature's CEO's Luck Has Run Out
(DBN)

Raj Rajaratnam Files Notice of Appeal of Conviction, Sentence
(DBN)

Ex-Goldman Director Gupta Said to Face Galleon Charges
(DBN)

Former Goldman Sachs director to surrender
(DBN)

______________

Retailing:

Amazon quarterly profit falls 73%
(DBN)

______________

Student Debt:

Obama orders changes to student loan payments
(DBN)

Tuition Jumps 8.3% Doubling Inflation as Obama Plans Debt Relief
(DBN)

Obama To Offer Student Loan Relief
(DBN)

No CFPB Director Means More Money Problems For Students
(DBN)

College Aid Forms Would Be Standard Under Consumer Agency Plan
(DBN)

______________

Solar:

California Won't Suspend Program Giving Solyndra Tax Break
(DBN)

First Solar CEO to step down, shares plummet
(DBN)

First Solar: Was Jim Chanos Right?
(DBN)

Feinberg Calls on U.S. Rep. Murphy to 'Stop Grandstanding on Solyndra '
(DBN)

GOP hoping for Chu testimony on Solyndra by Thanksgiving
(DBN)

Politics Likely To Continue To Cast Shadow Over Solar
(DBN)

RockPort Feels Pain from Betting Big on Solyndra, Going ‘All In’ on Cleantech
(DBN)

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Economy:

Inflation Peaking in U.S.
(DBN)

Consumer confidence tumbles, home prices stagnate
(DBN)

Confidence Falls Most Among High-Income Consumers
(DBN)

CBO: Top 1 Percent Almost Tripled Incomes, Fueling Inequality
(DBN)

US Wealth Debate vs. Other Countries
(DBN)

Stiglitz Says Austerity Is 'Suicide Pact' for Major Economies
(DBN)

World's Richest Man Attacks Wall Street Bailouts
(DBN)

Geithner Urges Europeans to Deliver a Plan on Debt Crisis
(DBN)

Would Women Leaders Have Prevented the Global Financial Crisis?
(DBN)

Geithner: Europe Crisis World’s Biggest Challenge
(DBN)

Judicial Watch Obtains Documents Revealing Generous Salaries and Bonuses for Government Finance Agencies Staff Members
(DBN)

Gloom holds back US economy
(DBN)

Snapshots of Poverty’s Surge in the Suburbs
(DBN)

Four Ways the Supercomittee Can Trim Medicare Down to Size
(DBN)

What happens if the ‘supercommittee’ fails, in one chart
(DBN)

Consumer actions mirror recession behavior
(DBN)

Why you should be worried about Europe
(DBN)

Goldman Calls For The Fed To Use "Unconventional Unconventional" Policies
(DBN)

4% View Their Lives Poorly Enough to Be Suffering
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Houston’s County Will Ask Texas Attorney General to Investigate Suing MERS
(DBN)

Set to Move Ahead on Possible MERS Suit, Texas County Instead Looks to State AG to Take Lead Role
(DBN)

New York Working With Delaware Officials on Criminal Foreclosure Inquiry
(DBN)

NY AG expects 'meaningful relief' from investigations of mortgage industry
(DBN)

Nevada Makes Illegal Foreclosures Felony
(DBN)

S. Florida judges brace for a possible fallout of the foreclosure mediation program
(DBN)

UBS faces massive RMBS claims in US mortgage market
(DBN)

US Home Prices Fell 4% in August From Year Earlier, FHFA Says
(DBN)

A Look at Case-Shiller by Metro Area
(DBN)

US Focuses Too Much on Housing, Shiller Says
(DBN)

Indices still showing a weak outlook for US housing market
(DBN)

Home prices flat in August: S&P
(DBN)

Distressed home sales gumming up market ‎
(DBN)

US Mortgage Applications Bounced Last Week
(DBN)

Home prices rose in half of major US cities, survey says
(DBN)

Mortgage refi plan targets hard-hit borrowers
(DBN)

Fannie's Squeeze on Banks Makes 4% Mortgage Too Good to Be True
(DBN)

Treating debt wounds with Band-Aids
(DBN)

More complaints, quibbles and advice for Obama's housing plan
(DBN)

RBS: HARP 2.0 allows just 17% of GSE mortgages to refinance
(DBN)

Mortgage Plan Touted by Obama Could Help 900,000 Borrowers
(DBN)

Romney hits back at Obama on foreclosures
(DBN)

Rep. Neugebauer: Move the properties not the mortgages
(DBN)

Analysts disagree over benefits of new mortgage rules
(DBN)

Pimco Says Mortgage Bonds Cheap After Slump on Obama Plan
(DBN)

The Potential Reach Of Obama's Refinancing Plan
(DBN)

GOP Lawmaker Wants Regulator's Analysis Of Refinancing Program
(DBN)

Playing the HARP: A New Way Forward on Housing?
(DBN)

Fiddling With HARP Won't Save Ailing Homeowners
(DBN)

Obama / HARP Swing and Miss
(DBN)

How Single Point Of Contact Will Transform The Mortgage Industry
(DBN)

Income Streams: An Economic Analysis of Rents as Proceeds
(DBN)

It's Still a Renters' Market, Office Landlords Learn
(DBN)

Smith Tower owner in default on big loan
(DBN)

Real Estate Woes Continue for Community Banks
(DBN)

America's Doomed Mansions
(DBN)

Deloitte: Gradual Improvement In Global Commercial Real Estate
(DBN)

Moody's: Commercial Real Estate Prices Up 2.4% In August
(DBN)

_____________

Banking:

Meanwhile, The Number of Failed Banks Continues to Mount
(DBN)

Do You Remember How Overdraft Protection, Overdraft Fees, and Free Checking Used To Work?
(DBN)

Ex-Wachovia execs end up in high places
(DBN)

Banks' New Problem: Too Much Cash
(DBN)

UBS defies bonus-slashing in wake of scandal
(DBN)

UBS profits down, claims to be 'one of the world's best capitalized banks'
(DBN)

Bank of America CEO Loses a Key Adviser
(DBN)

Dexia brought to a halt
(DBN)

______________

Electricity:

Beartooth Electric to fight SME bankruptcy filing
(DBN)

Member Co-ops React to SME Filing for Bankruptcy
(DBN)

______________

Corporate Governance:

The Role of Boards of Directors in the Financial Crisis
(DBN)

Questions of fact preclude dismissal of suit based upon business judgment rule
(DBN)

Owners May Be "Stuck" With Dissolved Company's Debt
(DBN)

Corporate Directors' Concerns Range from Risk to iPhones
(DBN)

______________

Hotels:

Best Western hotel owner files Chapter 11
(DBN)

______________

Debt Collection:

Student Loan Debt is a '$1 Trillion Opportunity' for Debt Collectors
(DBN)

Massachusetts Set to Overrule Past Foreclosures; Harbinger for ARM Industry?
(DBN)

Commercial Account Placements Decline
(DBN)

Court Finds Credit Repair Seller In Contempt
(DBN)

______________

Politics:

Warren Takes Credit For Occupy Wall Street
(DBN)

Elizabeth Warren admits she was a Republican ‎
(DBN)

It's on: Republicans slam Elizabeth Warren for embracing Occupy movement ‎
(DBN)

It's (Sound Bite) War in Massachusetts
(DBN)

Thank You for Smoking
(DBN)

Rick Perry Cuts Off Question on ‘Birther’ Issue, Tries to Keep Focus on Economic Plan
(DBN)

Perry Seeking Campaign Revival With Postcard-Sized Tax Forms
(DBN)

Rick Perry: 'I Don't Care' If Tax Plan Helps the Rich
(DBN)

How Rick Perry's Tax Plan Would Affect You
(DBN)

Poll: Perry Slips to 5th Place
(DBN)

Perry Advisers Aren’t Necessarily Supporters
(DBN)

Perry's Flat Tax: Simplicity Atop Complexity
(DBN)

Perry: Wall Street regulation was 'adequate'
(DBN)

Looking at the Cain tax plan ... no, not that one
(DBN)

Obama on GOP Race: ‘I’m Going to Wait Until Everybody Is Voted Off the Island’
(DBN)

For Obama, new focus on the piecemeal
(DBN)

Obama’s Student Loan Plan: Courting Young Voters?
(DBN)

Failed Pol Sues Critics Over Election Loss - "loss of livelihood"
(DBN)

______________

Financial Literacy:

An Early Education In Financial Literacy
(DBN)

______________

Health Care:

Hospital cuts down to the bone with layoffs
(DBN)

U.S. Long-Term Health Costs Rise at Faster Pace
(DBN)

______________

Aviation:

Aerospace Lobbyists: Pentagon Cuts Would Devastate Industry
(DBN)

Airlines Risk Capacity Glut by Growing Fleets as Traffic Teeters
(DBN)

______________

Tax:

Rep. Camp Prepares to Unveil Bill on Taxing Companies' Overseas Income
(DBN)

Camp Territorial Plan Exempts 95% of Offshore Profits From Tax
(DBN)

______________

Hollywood:

Judge to Rule Wednesday on Possible David Bergstein Case Dismissal
(DBN)

______________

Education:

Big Bend declares financial emergency
(DBN)

______________

Crystal:

The end of the line for fancy Steuben crystal
(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:

TerreStar, Lehman, MSR Resorts, Madoff, A&P
(DBN)

Rochelle on Innkeepers Sale, Madoff Bankruptcy
(DBN)

The Bankruptcy Files: Money, Poultry, Power—and Murder Inc.
(DBN)

Hot-Button Issues
(DBN)

______________

Bankruptcy Statistics:

Bankruptcies Are Down, But the Business Picture Still Isn't Rosy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

PMI Group Taps Restructuring, Bankruptcy Experts
(DBN)

______________

Turnarounds:

Tackling IT Issues to Get Clients Back on Track
(DBN)

______________

Jurisdiction:

Stern v. Marshall Ruling That Didn’t ‘Change All That Much’ Changes Everything
(DBN)

______________

Autos:

Ford's Quarterly Profit and Revenue Beat Expectations
(DBN)

Is Fiskar a 'Green Car' Solyndra Scandal?
(DBN)

Mitt Romney goes after Obama energy loans
(DBN)

CLEPA urges against bankruptcy move for Saab
(DBN)

______________

Resorts:

Pacific Monarch Resorts files for bankruptcy
(DBN)

Will John Paulson Manage To Cut Deal With MetLife For Resorts?
(DBN)

______________

Credit/Debit Cards:

Credit Card Ads: Trading Privacy for Discounts
(DBN)

More on Interchange Fees
(DBN)

______________

Environmental:

Mark IV Ruling: District Court Affirms Bankruptcy Court's Denial of Discharge of Environmental Obligations
(DBN)

______________

Television:

Netflix: Suddenly a Company in Crisis
(DBN)

______________

Celebs:

How Can Teresa Giudice Afford To Do Construction On Her House?
(DBN)

______________

Freight:

ATA Trucking Index increased 1.6% in September
(DBN)

______________

Lehman:

Lehman's Chapter 11 plan gets creditor support
(DBN)

Lehman Joint Chapter 11 Plan Now Supported by Creditors Holding More Than $160 Billion in Claims
(DBN)

______________

Privacy:

Privacy Promises and Bankruptcy: Bordering on the Edge of Compliance
(DBN)

______________

Movie Reviews:

"Margin Call" Is For Real!
(DBN)

______________

Accounting:

Defending Accounting Malpractice Claims
(DBN)

Retired Accountant Who Took Up Bodybuilding
(DBN)

Layoff Watch ’11: KPMG Asking for ‘Voluntary Redundancies’ Down Under
(DBN)

______________

UK:

MP calls Stranraer ' bankruptcy capital'
(DBN)

KSF decision allows lawyers to run the rule
(DBN)

Virgin makes second round Northern Rock bid
(DBN)

Terminating a US Contract for Insolvency
(DBN)

The bankruptcy threat behind that £35m England transfer
(DBN)

Appointment of Administrators - 25 October 2011
(DBN)

Winding Up Petitions - 25 October 2011
(DBN)

Football administrations send IPs running for the hills
(DBN)

______________

EU:

Europe Struggles for Crisis Remedy
(DBN)

Disagreements Flare at Euro Summit
(DBN)

Europe: Confusion and Uncertainty
(DBN)

The Progress We Can Expect From The Big EU Summit Today
(DBN)

Summit Deal on Euro Zone Crisis Looks Elusive
(DBN)

IMF may help in EU bailout fund
(DBN)

Restructuring lawyers will soon be reaping the rewards
(DBN)

A sign the big summit could fall short?
(DBN)

EU bailout plan could result in bigger losses to banks
(DBN)

European Debt Insurance Costs Mixed Ahead of EU Summit
(DBN)

Merkel Puts Rescue Fund to German Vote
(DBN)

Fears euro summit could miss final deal
(DBN)

Bank Group Sees EU Recession Amid Push for Bigger Write-Downs
(DBN)

Will Wednesday's EFSF Proposal Disappoint Investors?
(DBN)

Debt deal won't stop euro-zone recession
(DBN)

Evercore's Altman Says European Crisis Is Like 'Chronic Disease'
(DBN)

Saving eurozone: Devalue the euro, slash rates to zero, says Roubini
(DBN)

Cloudy With A Chance of Armageddon
(DBN)

Greenspan: Why European Union Is Doomed to Fail
(DBN)

______________

PIIGS:

Italian Government on the Brink as EU Plan Stalls
(DBN)

Berlusconi fights to save coalition
(DBN)

How Italy just survives having the class truant as leader
(DBN)

Berlusconi's cabinet stalls on pension reform
(DBN)

The Whole World Is Waiting For Berlusconi To Write A Letter
(DBN)

Italy's Berlusconi 'to step down'
(DBN)

Italy: Consumer confidence dips to three-year low
(DBN)

Italy Sells 10.5 Billion Euros of Debt as Borrowing Costs Rise
(DBN)

Fate of Italy clouds key Europe summit
(DBN)

ie: Central Bank Loans Will Be Used To Repay Bondholders
(DBN)

Greek Debt Plan May Include Mix Of Cash And Bonds
(DBN)

PM appeals for unity ahead of summit
(DBN)

Austria's Fekter Says Greece Can't Cost 'Considerably' More
(DBN)

After the Haircut, What Next for Greece?
(DBN)

The Real Greek Solution: A Military Coup
(DBN)

Banks inch toward 50 pct Greek debt haircut deal
(DBN)

European Bank Plan Risks Leaving Lenders in Italy, Spain as Biggest Losers
(DBN)

______________

Canada:

NewPage says new mill owner needs discount power
(DBN)

Public-service hiring flatlines ahead of Ottawa's belt-tightening
(DBN)

______________

Germany:

New trend in restructuring practice: silent restructuring of German companies by means of scheme of arrangement
(DBN)

Most German Stocks Retreat as US Consumer Confidence Declines
(DBN)

______________

France:

France Stares into Euro-Crisis Chasm
(DBN)

______________

Australia:

Bank crisis plans ordered as regulator wants insurance against another disaster
(DBN)

______________

China:

'Hard landing' coming in China, warns Nouriel Roubini
(DBN)

Hang Lung’s Chan Says Some Developers May Struggle for Funds
(DBN)

Crisis of 2012 May Hurt China More Than U.S.
(DBN)

______________

Russia:

Russian city 'blocks drains to force debtors to pay council tax'
(DBN)

Gorbachev: U.S. is like what USSR was before breakup
(DBN)

______________

Kazakhstan:

Tough questions for Kazakhstan's BTA
(DBN)

______________

Asia:

Hotels Struggle as Tourists Stay Home
(DBN)

______________

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