October 5, 2011

The Daily Bankruptcy News

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Law:

Report Criticizes Fannie Mae’s Oversight of Law Firms
(DBN)

Ex-Partner at Major Firms Settles with DOJ, Will Stop Promoting Tax Shelters, Turn Over Client Names
(DBN)

Milbank Tweed representing Real Mex in bankruptcy proceedings
(DBN)

Bankrupt Solyndra Seeks to Add K&L Gates to Legal Team
(DBN)

Justices Sympathetic to Inmate Whose BigLaw Counsel Didn’t Open Mail, Missed Capital Appeal Deadline
(DBN)

Lawyer and Ex-Client Charged in Perjury and Obstruction Case re Failed Hospital and Offshore Trust
(DBN)

Norton Rose to Merge with Macleod Dixon, Increasing Megafirm’s Attorney Roster to 2,900
(DBN)

Top litigator leaves Mayer Brown for Quinn Emanuel
(DBN)

Dechert sues DLA Piper
(DBN)

Ropes Moves for Partial Dismissal of Ex-Associate's Bias Suit
(DBN)

Rajaratnam, SocGen, Blackstone, S&P, AT&T in Court News
(DBN)

The many ways your brilliant career can hit a bump
(DBN)

Preventing (and Recovering From) Courtroom Snafus
(DBN)

New Ethical Issues and Challenges in E-Discovery
(DBN)

Florida Court Strikes Down Limits on Lawyer Advertising
(DBN)

Law Firms Descend on Florida to Take Over Foreclosure Business
(DBN)

Garden City Group GC Karen Shaer on Balancing Work and Life
(DBN)

Law School Tries to Snag Would-Be Students with Smartphone Applications
(DBN)

Obama Authorizes More Debt Collection Calls in Futile Attempt to Collect Blood From Rocks
(DBN)

When Trial Lawyers Attack
(DBN)

The Right to Refuse a Smell Test
(DBN)

Burglary Suspect Tripped Up By Saggy Pants
(DBN)

Mug Shots
(DBN)

Schmuck arrested
(DBN)

World's Scariest Perp
(DBN)

You're Going To Bust Me For A Little Recon?
(DBN)

"Everyone's saying we hate beavers"
(DBN)

How to Get Back at Your Ex: First, Kill a Bear
(DBN)

Courtship Connections: Out Of His League
(DBN)

______________

Judges:

Supreme Court Approval Rating Drops, Nearing 2005 Low Point
(DBN)

Judge raises $427,000 for uncontested race
(DBN)

______________

Wall Street:

Stock futures signal weaker Wall St open
(DBN)

Europe Stocks Climb Amid Bank Aid Speculation
(DBN)

Stocks Close Sharply Higher On Late-Day Rally
(DBN)

Wall Street Protesters Dress as Zombies
(DBN)

What Occupy Wall Street could learn from the Tea Party
(DBN)

Wall Street protests spread - Baltimore, Chicago, Denver, D.C., L.A.
(DBN)

Unions Join Occupy Wall Street
(DBN)

Declaration: Occupy Wall Street Says What It Wants
(DBN)

NY protesters' message is lost on Wall Street crowd
(DBN)

Rescuing America from Wall Street
(DBN)

Occupy Wall Street: Where Everybody Has A Say In Everything
(DBN)

On way to Wall Street, confronting a protest
(DBN)

Park base helps anti-Wall Street protest endure
(DBN)

______________

Layoffs:

Average Salary Up for Class of 2011
(DBN)

Bernanke warns Congress: Growth, jobs front too weak
(DBN)

Kohl's will hire 40,000 for holidays
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Ford to Pay Workers $6000 Bonus in New Contract
(DBN)

______________

Municipalities:

Tiny New England City Faces Big Financial Problems
(DBN)

______________

Credit/Debit Cards:

Bank of America Debit Card Fees Slammed as "Durbin Tax"
(DBN)

Durbin to Bank of America Customers: 'Get the Heck Out of That Bank'
(DBN)

Obama blasts Bank of America debit card fee
(DBN)

Credit Card Delinquencies Poised To Rise, Some Bank Risk Managers Fear
(DBN)

______________

Personal Finance:

Drunk driving down; people can't afford to go out
(DBN)

______________

Oil/Gas:

Seahawk bankruptcy plan in effect Tuesday
(DBN)

______________

Orchestras:

Bankrupt symphony's assets returned to community
(DBN)

"Some movement" in talks for a new Philadelphia Orchestra labor contract
(DBN)

Contract near in orchestra bankruptcy
(DBN)
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______________

Photography:

Snapshot of icon's fall: Kodak's legendary brand teetering
(DBN)

Hometown weary but defiant as Kodak's problems worsen
(DBN)

Kodak creditors talking to advisers
(DBN)

______________

Health Care:

Hoboken University Medical Center officials, hospital's creditors and various union representatives are due back in bankruptcy court in Newark
(DBN)

______________

Politics:

Warren stands firm in debate
(DBN)

Elizabeth Warren doesn't miss beat in Herald debate ‎
(DBN)

Front-runner smart, solid on big stage
(DBN)

In Debate, Warren Stays On Message, But Isn't Clear Victor
(DBN)

Elizabeth Warren's Class Warfare Speech By the Numbers [Infographic] ‎
(DBN)

Sarah Palin-affiliated law firm made early-state deadline inquiries
(DBN)

Perry Plummets, Cain Surges in Positive Intensity
(DBN)

Cain’s 9-9-9 Math Raises Questions on Generating Enough Revenue
(DBN)

Congress' Approval Ratings Hit 11%
(DBN)

Poll: Obama Loses in 2012
(DBN)

Senate Democrats Eye Elections in Split With Obama Over Jobs
(DBN)

______________

Economy:

Cautious Consumers Biggest Drag on Recovery: Bernanke
(DBN)

Krugman, Same
(DBN - NY Times - Paywall Limit Possible)

Economists See New Recession as More Likely
(DBN)

Bernanke tells Washington, don't do what you're doing. Do something else.
(DBN)

Bernanke Faces Lawmakers
(DBN)

Bernanke Warns Congress on Budget Cuts
(DBN)

Bernanke: U.S. Recovery Might Not Survive Another European Recession
(DBN)

U.S. "close to faltering," Fed ready to act: Bernanke
(DBN)

Fisher: More Fed Easing Could Do Harm
(DBN)

Factory orders dip in August
(DBN)

US Businesses Ordered More Long Lasting Goods
(DBN)

We Can’t Ignore Housing Anymore
(DBN)

Buffett: Recovery Is Still Under Way
(DBN)

CBO: Deficit Would Be One-Third Lower if Economy at Full Potential
(DBN)

Fed let AIG subsidiary into emergency funding program sans documentation
(DBN)

Sesame Street’s latest Muppet is poor
(DBN)

U.S. Dividends at Three-Year Low Mean Payout Pressure Builds as Cash Rises
(DBN)

Tax, Entitlement Deal Still in Play
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

MERS Wins Dismissal of 72 Lawsuits Challenging Mortgage Registry System
(DBN)

BofA, Wells Accused in Lawsuit of Charging Veterans Illegal Refinance Fees
(DBN)

BofA May Face HUD Fraud Claims for Defective Countrywide Loans
(DBN)

How Bondholders Would Fare in a Countrywide Bankruptcy
(DBN)

Bank of America Dumps Half Its Mortgages Business
(DBN)

BofA Correspondent Closing Impacts Mostly Countrywide Employees
(DBN)

Review of Foreclosure Mistakes Is Set
(DBN)

Fed’s Raskin Calls for Changes in Mortgage-Servicing Payments
(DBN)

Foreclosure starts up 20% in August
(DBN)

Is Freddie Mac Incompetent or Corrupt?
(DBN)

Miami home sales surge 25% over year ago
(DBN)

Reps and warrants prompt call to rehaul securitization contracts
(DBN)

Tx. Enterprise Fund Backed Failed Lenders
(DBN)

Prominent Healdsburg developer files bankruptcy
(DBN)

_____________

Banking:

WaMu sees path to quick confirmation of Ch. 11 plan
(DBN)

WaMu Seeks to Limit Mediation, Avoid New Creditor Vote on Bankruptcy Plan
(DBN)

Bank of America Pulls Back From Leveraged Loans
(DBN)

European banking authority to discuss Dexia Weds
(DBN)

UBS: What rogue trade? Third-quarter credit gains to cancel out trading loss
(DBN)

Swap Spread Signals Credit-Market Stress for Banks
(DBN)

'Bad Bank' Will Be Set Up for Dexia
(DBN)

______________

Fraud:

Madoff Trustee Says Victim Distributions of $312 Million to Start
(DBN)

CEO ego best indicator of financial fraud, study says
(DBN)

Fund tycoon Rajaratnam fights for less prison time
(DBN)

Galleon’s Rajaratnam Says Prison Sentence Should Be No More Than 8 Years
(DBN)

Financial Gain Hotly Disputed in Galleon Presentence Hearing
(DBN)

Raj Rajaratnam: Name will be synonymous with "chutzpah"
(DBN)

BofA May Face Fraud Claims for Defective Loans
(DBN)

FINRA fines Merrill for former broker's Ponzi scheme
(DBN)

U.S. Says BNY Mellon Cheated Clients of 'Hundreds of Millions'
(DBN)

Fraud at the Army Corp of Engineers
(DBN)

______________

Aviation:

AMR pressured but not ready for bankruptcy: experts
(DBN)

Why American Airlines should consider bankruptcy
(DBN)

American's financial worries spill over to British Airways, Iberia
(DBN)

Airlines Mired in 'Crisis' as Margins Shrink
(DBN)

______________

Gambling:

Racino emerges from bankruptcy
(DBN)

_____________

Solar:

Solyndra bankruptcy trustee proposes taking over if execs keep invoking Fifth
(DBN)

Sen. Bingaman planning hearing on clean energy investment
(DBN)

From Solyndra to Nevada Geothermal?
(DBN)

Solyndra was the best of the bunch
(DBN)

E-mails show skepticism on Solyndra
(DBN)

Chu on Solyndra critics: 'There are all sorts of people who have wonderful 20/20 hindsight'
(DBN)

Solyndra crash puts heat on energy secretary
(DBN)

In Solyndra note, Summers said Feds "crappy" investor
(DBN)

Solyndra asks for extension to file financial documents
(DBN)

More Solyndra E-mails, and Warnings
(DBN - NY Times - Paywall Limit Possible)

2010 email on Solyndra : 'Bad days are coming'
(DBN)

Why Did Solyndra Fail So Spectacularly?
(DBN)

More Questions Arise in Solyndra
(DBN)

______________

Hotels:

Cerberus lays out plan for Innkeepers trial-filing
(DBN)

Cerberus Defends Rationale for Ending Innkeepers Deal
(DBN)

______________

Rating Agencies:

S&P Rater Was a ‘Wuss’ for Bending for Bankers, Court Told
(DBN)

______________

Health and Beauty:

Beauty salon chain lands back in US bankruptcy
(DBN)

______________

Compensation:

90% of Firms Set Out to Overpay Their CEOs
(DBN)

______________

Religion:

Cathedral case: Schullers paid while church struggled
(DBN)

______________

Consumer Finance:

ABA: Consumers Still Struggling with Debt
(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:

Real Mex, NewPage, Dodgers, Lehman, Viceroy
(DBN)

Rochelle on LA Dodgers Bankruptcy, Eastman Kodak
(DBN)

______________

Bankruptcy Statistics:

Consumer bankruptcy filings fall in September
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Compensation:

Bankruptcy judge authorizes Tribune Co. to pay millions in bonuses
(DBN)

______________

Venue:

The Chapter 11 Bankruptcy Venue Reform Act: A Change of Scenery for Large Corporate Debtors?
(DBN)

______________

Cross-Border:

Edwards Angell Palmer & Dodge Makes International Bankruptcy History
(DBN)

______________

Bankruptcy Prohibition:

You Can’t, But We Can: DB Capital Follow-Up
(DBN)

______________

Insurance:

Insolvency rules could help drive further consolidation
(DBN)

______________

Baseball:

Retired federal judge appointed as mediator in Dodgers bankruptcy case
(DBN)

MLB calls Dodgers' document demands "totally irrelevant"
(DBN)

______________

Food/Beverage:

Top US Mexican dining chain files for bankruptcy
(DBN)

Real Mex Restaurants, Inc. – 20 Largest Unsecured Creditors
(DBN)

Chef Solutions, Orval file for bankruptcy
(DBN)

Friendly's files for bankruptcy
(DBN)

______________

Privacy:

Barnes & Noble Email to Borders Customers Rattles Privacy Watchdog
(DBN)

Pennsylvania attorney general: Borders data sale can be prevented
(DBN)

Lawmaker: Sale Of Borders' Customer Lists Shows 'Urgent' Need For Privacy Laws
(DBN)

______________

Corporate Reform:

Federal Judge Blasts SEC, Asks 'Who Will Guard the Guardians?'
(DBN)

______________

Celebs:

Ex-UGA coach Donnan abandons proposed settlement
(DBN)

______________

Mass Torts:

U.S. SC won't hear appeal of asbestos firm in fraud case
(DBN)

______________

Retailing:

Borders to Put Remaining Assets in Liquidating Trust
(DBN)

Borders Group Files Bankruptcy Liquidation Plan, Disclosure to Creditors
(DBN)

Hope Rising, Stores Hire for Holidays
(DBN - NY Times - Paywall Limit Possible)

______________

UK:

Real Estate, Construction Bankruptcies Increase in England, Deloitte Says
(DBN)

UK GDP Grows 0.1%, Less Than Previously Estimated
(DBN)

Appointment of Administrators - 4 October 2011
(DBN)

Winding Up Petitions - 4 October 2011
(DBN)

______________

EU:

More Euro Nations Face Downgrade Moody's Says
(DBN)

Eurozone economy 'goes into reverse'
(DBN)

In Europe, Signs of 2nd Recession With Wide Reach
(DBN - NY Times - Paywall Limit Possible)

Emerging Europe Must Repair Budgets, Cut Bad Loans, IMF Says
(DBN)

EU Isn't Bailing Out Greece, They're Bailing Out Their Banks
(DBN)

Dexia Rescue Moves Bank Crisis From Europe ’s Periphery to Core
(DBN)

EU preparing bank rescues amid Greece doubts
(DBN)

German economics minister calls for permanent euro bankruptcy plan
(DBN)

EU Makes Deal on Derivatives Proposal to Bridge Gap With UK
(DBN)

Euro Rises on Bank Recapitalization Talks, Bernanke's Aid Pledge
(DBN)

Euro climbs sharply on bank capital hopes
(DBN)

Politicians under pressure as fear mounts of second credit crunch
(DBN)

UK says euro zone must leverage up bailout fund
(DBN)

Austerity obsession kneecaps Europe
(DBN)

World is watching Euro finance
(DBN)

______________

PIIGS:

Greece Has Weeks Left Before Bankruptcy
(DBN)

Greek default may be the shock Europe needs to act
(DBN)

Greece Insists It Can Pay Its Bills a Bit Longer
(DBN - NY Times - Paywall Limit Possible)

Greeks Strike Against Job Cuts as Rescue Delayed
(DBN)

Greece Bracing for 24-Hour Strike as 30,000 Jobs May Be Cut
(DBN)

Greek strike grounds flights, shuts schools
(DBN)

Banks in Europe Face Huge Losses From Greece
(DBN)

Michael Lewis Sees Messy End for Greece
(DBN)

The True Greek Drama is Drawing to an End
(DBN)

Spain May Face 2-Step Rating Cut After Moody's Warning, RBC Says
(DBN)

Italy's Credit Rating Cut by Moody's on Weak Growth
(DBN)

Italy says debt downgrade by Moody's was expected, working on austerity
(DBN)

______________

Mexico:

Cemex Yields Top 20% as $15 Billion Loan Covenant at Risk
(DBN)

______________

MENA:

Saudi Police Open Fire on Protesters
(DBN)

______________

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Copyright 2011