October 31, 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:

Ex-Nixon Peabody Partner Says Firm Threw Him ‘Under the Bus’
(DBN)

New Howrey Trustee Says Firm's Bankruptcy Will Get Litigious
(DBN)

Cadwalader's "Playboy" Partner Wants to Tell His Side
(DBN)

Sixteen New York City Police Officers Face Charges After Corruption Probe
(DBN)

"It is a courtesy. You might as well indict this whole department. It is a widespread epidemic."
(DBN)

FDIC's Latest Failed Bank Lawsuit Targets Bank's Lawyers
(DBN)

From Sidley Lawyer to Cross-Country Traveler: Tyler Coulson's Awesome Adventure
(DBN)

Another Day, Another Law Firm Merger
(DBN)

Miles & Stockbridge Adds Bankruptcy Lawyer
(DBN)

9th Cir. Nixes $63K Sanction, Says Attorney Who Admitted Error and Apologized Actually Did No Wrong
(DBN)

Barclays, Credit Suisse, AT&T, Standard Bank in Court News
(DBN)

Goldman, Citigroup, Madoff, JPMorgan, MERS in Court News
(DBN)

The Cautionary Tale of Plaintiffs Attorney Stanley Chesley
(DBN)

What I've Learned: Ann K. Chapman on the bankruptcy front lines
(DBN)

Would You Take This Law Firm Off My Hands?
(DBN)

Bloomberg Breaks off a Piece of Willkie Farr
(DBN)

Despite Globalization, Lawyers Find New Barriers to Practicing Abroad
(DBN)

E-Discovery Technical Standard at Crossroads
(DBN)

E-Discovery in SEC and FINRA Investigations
(DBN)

Touch Typing on Your iPad without an External Keyboard
(DBN)

iPad at Work
(DBN)

Typical audit fees during 2009 were approximately one-tenth of total legal fees
(DBN)

Let "Jersey Shore" Pick Your Practice
(DBN)

Lawyer Charged in Alleged $1.5M Fraud On Clients Obtained Under False Pretenses
(DBN)

Supreme Court to Weigh Effects of Bad Legal Advice
(DBN)

Lawyer Lands in Ethics Trouble After Cousin Spiffs Up Law Firm Website with Certification Seal
(DBN)

Some Fashion Tips for Legal Types This Halloween
(DBN)

Pretty Power: Don't Hate Me Because I'm Beautiful
(DBN)

The Minority 40 Under 40
(DBN)

If This Is the Kind of Law Student Who Supports Obama’s Debt Relief Plans, the President Is in Trouble
(DBN)

Law School As A Tool For Social Change
(DBN)

People who come to the nuisance should not be heard to complain
(DBN)

William and Mary Running Out of Places in Williamsburg Willing to Allow William and Mary Law Students on Site
(DBN)

Stop Having Fun at the Company’s Socials
(DBN)

Latest Steve Jobs Mystery Revealed: How He Drove Without License Plates
(DBN)

Saddam 'double' escapes kidnap gang, again
(DBN)

An Obituary: The $16 Muffin Myth
(DBN)

Good Reason to Kill No. 19: Cheated at Monopoly
(DBN)

'Welcome to Hollywood!
(DBN)

Is checking sports scores or personal e-mail at work a crime?
(DBN)

Girl gets tangled in noose at haunted house; visitors thought she was prop
(DBN)

______________

Judges:

Former Judge Disbarred for Approving Fen-Phen Settlement Without Checking the Details
(DBN)

Retired Justice Stevens Defends a Colleague, Says Mistakes Happen
(DBN)

Note to Lawyers and Judges, Signed Judge Kozinksi
(DBN)

Police Probe Suspicious Package Left at Historic Courthouse, Learn Box Has Bovine Contents
(DBN)

Desperate for a Parkinson’s Cure, Judge Turned to Doctor Later Accused of Fraudulent Treatments
(DBN)

Jed Rakoff puts the SEC on notice
(DBN)

Judges debate how to achieve impartiality
(DBN)

The Supreme Court and the Next President
(DBN - NY Times - Paywall Limit Possible)

Judge Must Wait Until Appeals Are Concluded To Comment On Case
(DBN)

______________

Wall Street:

Stocks poised for losses
(DBN)

US stocks open lower after Thursday's big rally
(DBN)

Legal confusion at heart of Wall Street protests
(DBN)

Occupy: Denver tension escalates dramatically
(DBN)

Occupy demonstrators are all of us
(DBN)

"This is snow, it's not going to kill us. What they're doing to us will kill us. What they're doing to our world."
(DBN)

Paul Ryan and the 1 percent: Ryan money-blind to social contract
(DBN)

How the 99 Percent Really Lost Out
(DBN)

Frosty temperatures don't cool resolve of Buffalo protesters
(DBN)

______________

Layoffs:

Employment Probably Cooled in October
(DBN)

Whirlpool to Fire 5,000 Workers
(DBN)

Jobless vets say military experience not valued
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Weather:

Early storm pelts East Coast with wet, heavy snow; 2M lose power
(DBN)

East Coast Power Outages Top 3 Million
(DBN)

Catastrophic Drought in Texas Causes Global Economic Ripples
(DBN)

______________

Politics:

Mass. Sen. hopeful Warren taps academia support
(DBN)

Warren motivates Democrats to put up their dukes
(DBN)

Whiz Elizabeth Warren a little short on Street smarts ‎
(DBN)

Bachman Taken to Task on Illegal Immigrants Statement
(DBN)

Studies Challenge Wisdom of GOP Candidates
(DBN)

FactCheck: GOP Spins Funding Tales
(DBN)

Cain Opposed to All Abortion
(DBN)

Cain and Romney Tied in Iowa Republican Poll
(DBN)

Perry's Complicated Simple Flat Tax
(DBN)

Republicans Holding Back Economy by Opposing Obama, Plouffe Says
(DBN)

Perry Agrees to Participate in Next Five Republican Presidential Debates
(DBN)

______________

Solar:

Congress considers Solyndra subpoena
(DBN)

Here's how to insulate loans from the political process
(DBN)

More businesses need to be given the Solyndra treatment
(DBN)

How did Solyndra get $500 million when I can't get $5000?
(DBN)

Solyndra shouldn't spur Congress to throw solar industry under the bus
(DBN)

Solyndra's Bankruptcy in Context
(DBN)

White House directs independent review of Energy Department loans
(DBN)

______________

Lehman:

Lehman Brothers Completes Innkeepers Transaction
(DBN)

Lehman Trustee Says Judge Erred in Giving Barclays $1.1 Billion
(DBN)

______________

Software:

Simulations Plus Submits Bid in Chapter 11 Bankruptcy Proceedings for Assets of Entelos
(DBN)

______________

Celebs:

Tom Martino's creditors hear his financial woes
(DBN)

______________

Gambling:

Hooters hotel-casino wants more time to resolve bankruptcy case
(DBN)

______________

Shipping:

Shipping companies’ Chapter 11 reorganization proceedings: jurisdictional battles
(DBN)

______________

Economy:

EU Crisis to Cloud US Economy in 2012
(DBN)

Long list of dangers ahead for global economy
(DBN)

More than 60 percent of global consumers downbeat
(DBN)

Dear Ben : It’s Time for Your Volcker Moment
(DBN - NY Times - Paywall Limit Possible)

Explanation of What Happened to US Economy
(DBN)

The Social Security Story That's Driving Liberals Crazy
(DBN)

Sweden More Capitalistic Than US
(DBN)

Has America Become an Oligarchy?
(DBN)

619 Groups to Lobby Deficit Supercommittee
(DBN)

Can America Survive Without a Middle Class?
(DBN)

US Incomes Stalling
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

A Cure for the Housing Blues: cramdowns
(DBN)

Christina Romer, ex-Obama adviser, on mending mess: cramdowns
(DBN)

Has the Cost of the Fannie-Freddie Bailout Fallen?
(DBN)

FHFA: GSEs Could Soak Up To $311B In Treasury Draws By 2014
(DBN)

Delaware AG Beau Biden Sues MERS
(DBN)

Delaware AG's MERS suit should strike fear in MBS industry
(DBN)

Morgan Stanley predicts foreclosed homeowners will pay $72B in rent annually
(DBN)

Maronda Homes' sales plummet in Chapter 11, president says
(DBN)

Lawyers, judges debate Florida's foreclosure backlog
(DBN)

Company overseeing Inspirada gets OK to emerge from bankruptcy
(DBN)

Riverbend development facing cease-and-desist order
(DBN)

Citigroup Bankruptcies See Ups And Downs In Latest HAMP Information On Homeowners Unable To Find Aid
(DBN)

Will Insurer of Uninhabitable Fla. Condo Building Have to Pay to Repair Defects?
(DBN)

CRE Executives' Expectations Dim In Latest 'Sentiment Index'
(DBN)

CMBS defaults fall and spreads tighten
(DBN)

_____________

Banking:

Debit card fees: Some banks say no
(DBN)

Bank of America Rethinking Controversial Debit Card Fees
(DBN)

Big Banks Blink On Debit-Card Fees
(DBN)

Consumers Union: Bank of America, Tear Down That Debit Fee Wall
(DBN)

Banks Mull 'Stealth' Fees
(DBN)

Volcker Rule Costs Banks $1 Billion, U.S. Government Says
(DBN)

Credit Unions Basking in Bank Backlash
(DBN)

Time to Make Banking Boring Again
(DBN)

______________

Personal Finance:

Can a Pay Cut Derail My Debt Repayment?
(DBN)

______________

Derivatives:

Credit-Default Swap Risk Bomb Is Wired to Explode
(DBN)

______________

Corporate Reform:

SEC May Have To Get Admissions
(DBN)

Dodd-Frank's uphill climb off Capitol Hill
(DBN)

Securities Lawyers Outside SEC are Casting a Wary Eye at New Inspector Gen’l, H. David Kotz
(DBN)

Wall Street Reform Law Bogged Down
(DBN)

Citigroup and the SEC, Judge Rakoff Has a Few Questions for You
(DBN)

______________

Municipalities:

Strapped Jefferson County says it may lose $2 billion if governor doesn't call special session
(DBN)

Cash-strapped Jefferson County needs special session
(DBN)

How Harrisburg Borrowed Itself Into Bankruptcy
(DBN)

Bankruptcy Judge Mary D. France noted for fairness
(DBN)

Doc Holliday’s Dentist Chair Up for Sale in Bankrupt Harrisburg
(DBN)

Harrisburg Bankruptcy Opponents File Objections to End Case
(DBN)

Can Rhode Island be forced to pay its pension promises?
(DBN)

Hoboken to declare bankruptcy ?
(DBN)

The Most-Expensive Places to Live
(DBN)

The 10 Emptiest Cities in America
(DBN)

______________

Broker-Dealers:

All options in play as MF Global seeks sale
(DBN)

MF Global edges towards bankruptcy
(DBN)

MF Global Reportedly Nears Holding Company Bankruptcy, Sale
(DBN)

Corzine's MF Global Faces Pivotal Days as Firm Considers Sale, Bankruptcy
(DBN)

Did Corzine's risk taking cripple MF Global?
(DBN)

______________

Aviation:

Fuel Costs Send Airline Profits Plunging
(DBN)

Feds Investigate Jetblue Tarmac Nightmare
(DBN)

Monarch Airlines Gets $121 Million Bailout
(DBN)

Pace Airlines employees could get back pay
(DBN)

______________

Retailing:

Costco May Gain Holiday Sales as Shoppers Skittish
(DBN)

______________

Student Debt:

Durbin Views Obama On Student Loans As Not Going Far Enough
(DBN)

______________

Telecoms:

Broadband company's demise could cost taxpayers $74 million
(DBN)

______________

Health Care:

State seeks to block VVCH rescue plan
(DBN)

______________

Food/Beverage:

Damon's Grill closures point out the risks of gift cards
(DBN)

Andronico's Markets to operate under new ownership
(DBN)

______________

Retirement:

Gay retirement havens run into financial difficulty
(DBN)

______________

Basketball:

Kings minority owner may lose team stake in personal bankruptcy
(DBN)

______________

Mass Torts:

Louisiana must turn over records to BP-U.S.
(DBN)

______________

Fraud:

Ruth, Andrew Madoff reflect on Bernie's Ponzi scheme
(DBN)

Madoffs Aim to Write Their Own Future
(DBN)

Madoff Feeder Fund Seeks $919 Million in Fees From Fairfield Greenwich
(DBN)

Madoff Investor Asks Appeals Court to Toss Picower Accord
(DBN)

How much will Raj Rajaratnam pay in penalties?
(DBN)

Before Insider-Trading Scandal, Rajat Gupta Was a Role Model for the Middle Class in India
(DBN)

Why did rich Rajat Gupta turn to grubby business of insider trading
(DBN)

Rajat Gupta, Inside Trader or Rajaratnam Stooge?
(DBN)

Abramoff Cohort Gets 20 Months Behind Bars
(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:

Takefuji Plan, Saab Investors, Luminar Rescue Bids
(DBN)

NewPage, Vitro SAB, QualTeq, Inspirada, PJ Financey
(DBN)

Commonwealth, Innkeepers USA, Lehman, Madoff
(DBN)

Saab China Deal, Madoff Fairfield Fund, ProMOS: European, Asian Bankruptcy
(DBN)

Section 1108—Authorization to Operate Business
(DBN)

______________

Bankruptcy Statistics:

Business Bankruptcies: Down, But Not Gone - And Possibly Coming Back?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Venue:

Proposed act would threaten Delaware legal edge
(DBN)

______________

Insurance:

Ambac Financial Reschedules Disclosure Hearing
(DBN)

Rising Risks Mean More Attention to D&O Purchase
(DBN)

D&O Insurer Offers Clawback Protection
(DBN)

S&P downgrades Old Republic mortgage insurers
(DBN)

______________

Baseball:

The Broke and the Beautiful: World Series Edition
(DBN)

Bud Selig Tired Of Questions About Frank McCourt
(DBN)

In Dodgers bankruptcy case, Fox Sports has a prime interest
(DBN)

______________

Alternative Energy:

Beacon Power, Backed by US Loan Guarantees, Files Bankruptcy
(DBN)

______________

Autos:

Chrysler CEO Says Wage Structure Not 'Viable'
(DBN)

New owners likely for Saab
(DBN)

'Cautious optimism' over Saab's second escape from bankruptcy - Will Likely Cut Jobs
(DBN)

______________

Asset Protection:

Is Domestic Asset Protection Still Viable After Mortensen?
(DBN)

______________

Bankruptcy Crimes:

Bujak's wife accused of bankruptcy fraud
(DBN)

Rockford man pleads guilty to bankruptcy fraud
(DBN)

______________

Celebs:

Violating Rules Runs in Family: Lindsay Lohan's Father Denied Bail; Not to be Released Soon
(DBN)

______________

Hotels:

Hotels piling on hidden fees
(DBN)

______________

Mail:

Poll: Mail 5 days a week OK
(DBN)

______________

UK:

U.K. to End Council Tax Discount on Second Homes
(DBN)

U.K. Corporate Pension Deficit at $476 Billion
(DBN)

TV company FactBased Communications Media declares bankruptcy
(DBN)

Duchess of York shows thrilling and thrifty go together
(DBN)

Scottish insolvencies increasing
(DBN)

SMEs are 'bearing brunt' of downturn
(DBN)

Pension watchdog scrutinizes pre-pack administrations
(DBN)

______________

EU:

Europe will not offer China concessions for aid: Juncker
(DBN)

Europe recovery is still a decade away
(DBN)

Sarkozy Attacked for Seeking China's Help
(DBN)

Debt Crisis: Markets Fall as Optimism Fades
(DBN)

Latest eurozone bailout 'will fail within weeks'
(DBN)

Soros: Euro Rescue Deal Will Fail
(DBN)

EU hasn't found lasting debt-crisis solution, Bundesbank chief says
(DBN)

Draghi Takes ECB Helm in Battle Mode
(DBN)

Euro area growth to slow sharply, OECD says
(DBN)

OECD urges co-ordination to avoid recession
(DBN)

Crisis 'could lead to social unrest'
(DBN)

Europe Can't Ensure Global Recovery, Growth Alone, EU Tells G20
(DBN)

Making Dinner Plans, European Bailout Style: Details to Follow. Maybe.
(DBN)

______________

PIIGS:

If Greek CDS Don't Trigger, Why Would EFSF?
(DBN)

Civil Disobedience Grows in Greece After Deal
(DBN)

Fitch: Greek Debt Still Junk After Deal
(DBN)

Govt?s underestimated Greek debt problem, Trichet says
(DBN)

Anger over economy runs deep in Greece
(DBN)

Eurostat puts Greece unemployment at 17.6 pct
(DBN)

Greek Anger on Debt Agreement Is Focused Especially on Germany
(DBN)

Berlusconi Defiant as EU's Focus Shifts to Italy
(DBN)

Irish Widen Laws as Bank of Ireland Bond Burden Sharing Pursued
(DBN)

______________

Canada:

Blockbuster Canada short $3.7M
(DBN)

______________

France:

Sarkozy Warns France of New Economic Reality
(DBN)

France faces fresh austerity measures
(DBN)

______________

China:

China Reshuffles Top Leadership at Financial Regulators
(DBN)

Two China shipyards went into bankruptcy
(DBN)

______________

Iran:

Iran parliament to question Ahmadinejad over fraud
(DBN)

______________

Iceland:

Supreme Court of Iceland emergency law ruling
(DBN)

______________

Chile:

La Polar Plunges After Chairman Calls Past Profits ‘Fake’
(DBN)

______________

Pakistan:

Country on verge of bankruptcy
(DBN)

PR employees strike against bankruptcy , paralyze railway operation
(DBN)

______________

Japan:

Takefuji’s Revival Plan, Sale to Korea’s A&P Approved by Court
(DBN)

30 Years Until Japan Can Close Nuclear Plant
(DBN)

______________

MENA:

Insolvency regulations by year-end
(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