September 12, 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:

Well-Known Law Firm and Ex-Employee Argue About Whose Internal Email Insults Were the Worst
(DBN)

Feasting on Paperwork
(DBN)

Legal support firm A. Gallo seeks bankruptcy sale
(DBN)

Federal Judge Sides with NJ Solo, Strikes NY Law Requiring In-State Office for Out-of-State Lawyers
(DBN)

Some Major Firms Based in Pa. are Raising 1st-Year Associate Salaries
(DBN)

Two Minutes of Terrorist Triumph: Alone With the TSA
(DBN)

Outsourcing And How It Maybe Won’t Totally Ruin Your Life
(DBN)

UK’s top firms fail to increase female equity partner figures
(DBN)

Battling Barratry: Lawyers Publicize New Law, Predict Its Impact
(DBN)

Harris Beach Remembers Its Staffers Killed on 9/11
(DBN)

State Bar to Offer Free Advice to Aid Flood Victims
(DBN)

The Ivy League Hermeneutics of Footwear
(DBN)

"Obviously some people in my office . . . all of them . . . don't like me."
(DBN)

Keep E-Discovery Costs From Torpedoing Litigation Budgets
(DBN)

JPMorgan Chase, BofA, KKR, Madoff, Dow, Ford in Court News
(DBN)

When Clients Attack
(DBN)

Cooley Law School report finds "the blogs and media have it almost completely wrong" - law school is a great career choice
(DBN)

Beware the Google
(DBN)

Tech-Savvy Associates Want It All, and Some Firms Oblige
(DBN)

Courtship Connection Chitown: Hush, Puppies
(DBN)

Obama’s Uncle Released From Jail
(DBN)

Daycare Worker Accused Of Drugging Children To Make Them Nap
(DBN)

______________

Judges:

ND's federal bankruptcy court judge sworn in
(DBN)

North Dakota's first female US Bankruptcy Court judge sworn in
(DBN)

Ex-Judge Faces Ethics Case, as Lawyer, re Alleged Chats with Murder Prosecutor While Still On Bench
(DBN)

State Courts Recall 9/11 Attacks and Three Lost Court Officers
(DBN)

______________

Wall Street:

US stock futures signal further sharp losses
(DBN)

Stocks Hit Hard as Euro Zone Fears Tear Through Markets
(DBN)

Global stocks plunge amid talk of Greek default
(DBN)

U.S. Stocks Drop as Greece’s Deteriorating Finances Offset Obama Jobs Plan
(DBN)

Markets Tank As Bernanke And Obama Fail To Stoke Confidence
(DBN)

Wall Street swoons amid uncertainty over Europe's debt
(DBN)

______________

Layoffs:

Bank of America retrenches, plans to cut 40,000 jobs
(DBN)

Quinn's Cuts: 1900 Layoffs , Closure Of Seven Facilities
(DBN)

Obama jobs plan heartens frustrated blacks
(DBN)

Think tank says residents lack education for average jobs
(DBN)

Demand For Educated Workers Outpaces Supply
(DBN)

A Jobs Program in Need of Reform
(DBN)

Help Wanted (But Debtors Need Not Apply)
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Municipalities:

Bankruptcy bill passes Assembly and heads to Jerry Brown
(DBN)

Jefferson County, creditors spar over sewer assets
(DBN)

JeffCo Commission to meet Friday regarding sewer crisis
(DBN)

Quinn to lay off 1,900 state workers, close facilities to help save $313 million
(DBN)

Quinn defends breaking deal with state employee union
(DBN)

Obama jobs plan splits leaders of strapped states
(DBN)

______________

IP:

Righthaven says it might have to file for bankruptcy
(DBN)

Next Jump hits back in Borders IP lawsuit
(DBN)

Eastman Kodak: On The Road To Bankruptcy
(DBN)

First to File--Patent Thoughts
(DBN)

______________

Media:

Lee Enterprises Lenders Agree to $904.5 Million Refinancing
(DBN)

______________

Health Care:

Kaiser Permanente grants $4.2M to keep Doctors Medical Center afloat
(DBN)

Possible layoffs at Valley Care Health System
(DBN)

No Job, No Insurance, No Health Care
(DBN - NY Times - Paywall Limit Possible)

Dollars for Docs: 12 Companies, More Than $760 Million in Payments
(DBN)

______________

Mass Torts:

BofA may need litigation trust for lawsuits
(DBN)

Law Professor Says DOJ Failed on Asbestos Fraud
(DBN)

Committee Statements: Lester Brickman, Michael Carter, Charles S. Siegel, James L. Stengel
(DBN)

Congress Examines Alleged Fraud by Asbestos Claimants
(DBN)

La. business' growth stunted by asbestos lawsuits
(DBN)

______________

Paper:

NewPage Said to Cut Rate on Portion of $600 Million DIP Loan
(DBN)

______________

Lehman:

Ex-Lehman Bros. directors object to releasing $90M in insurance funds
(DBN)

______________

Bankruptcy Crimes:

Pair Charged in Fraud Scheme in Tucson
(DBN)

Cynthia Warner Charged In Fraud Case
(DBN)

______________

Corporate Governance:

Can Creditors File A Derivative Action Against Limited Liability Company?
(DBN)

______________

Retailing:

Amazon deal with Legislature a 'classic compromise'
(DBN)

______________

Electricity:

More than 4 million lose power in major blackout
(DBN)

San Diego Bartender Defies Power Blackout
(DBN)

Blackout in Ariz., Calif. and Mexico a reminder of the vulnerabilities in power grid
(DBN)

Human Error Investigated in California Blackout's Spread to Six Million
(DBN - NY Times - Paywall Limit Possible)

How Did 1 Person Knock Out Power for Millions?
(DBN)

San Diego tap water declared safe; boil warning lifted
(DBN)

______________

Mail:

Postal Service Needs 'Dramatic Action' From Obama, Carper Says
(DBN)

______________

Video Games:

Tax Breaks for Games Makers are So Rich, Even Oil Companies Question Their Fairness
(DBN)

______________

Aviation:

Ansett Airlines, the best and worst of times
(DBN)

______________

Gambling:

Lake of Torches Appellate Decision: “Management Contracts” Are Still a Burning Issue in Tribal Gaming Financings
(DBN)

Appellate Panel Upholds Voiding of Wisconsin Tribe s Bond Indenture
(DBN)

______________

Tax:

Swiss committed to solving U.S. tax spat
(DBN)

Hunt On For New Safe Havens After Swiss Act
(DBN)

Obama Promises Ideas for Tax Overhaul
(DBN)

Why The Tax Code Is A Mess
(DBN)

______________

Private Equity:

Private equity's 'anti-competitive' problem - Is private equity guilty of collusion?
(DBN)

______________

Financial Literacy:

Lawyers spread financial education
(DBN)

______________

Golf:

Emerald Springs Golf Course in the rough: Course struggles, its future uncertain
(DBN)

______________

Economy:

Treasuries Rise, 10-Year Yields Fall to Record on Greece Financial Turmoil
(DBN)

Greenspan: Quantitative Easing Did Little
(DBN)

Employers Say Jobs Plan Won’t Lead to Hiring Spur
(DBN)

More Economists React: Gauging Impact of Obama Jobs Proposal
(DBN)

Oh, Just Stop!
(DBN)

Paying for Obama's Plan is Complicated
(DBN)

American Jobs Act: Maybe not too late, but definitely too little
(DBN)

Is Manufacturing Falling Off the Radar in the US?
(DBN)

Fed Chief Describes Consumers as Too Bleak
(DBN)

Don't expect a home run from the Fed
(DBN)

Obama’s Jobs Plan Puts New Pressure on Supercommittee
(DBN)

Reports: Bank of America considers huge job cuts
(DBN)

9/11: Costs Still Hit Our Economy
(DBN)

Many Afghans Shrug at 'This Event Foreigners Call 9/11'
(DBN)

What If Social Security Disappeared?
(DBN)

Massive default is best way to fix the economy
(DBN)

Americans' Life Ratings at Two-Year Low
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

No quick fix for banks' U.S. mortgage liability
(DBN)

Attorneys, Associations Warn of Lender Lawsuits
(DBN)

Appeals Court Favors MERS In Arizona Case
(DBN)

Housing regulator says it is considering wider mortgage support
(DBN)

More Clues Of A Mega Mortgage Refinance Plan On The Way
(DBN)

How Much Would A Massive Mortgage Refinancing Really Help The Economy?
(DBN)

Obama seeks to broaden mortgage refinancings
(DBN)

Obama refinancing plan problematic, but possible
(DBN)

Analysts see vague housing direction from Obama administration
(DBN)

Banks being squeezed by mortgage investors
(DBN)

More than 838,000 homeowners have refinanced their mortgages under the program since 2009
(DBN)

Obama mortgage refinance plan nicks investors
(DBN)

Geithner: Regulator 'Very Supportive' Of Refinancing Boost
(DBN)

In favor of wholesale mortgage refinance
(DBN)

Following Obama jobs speech, mortgage interest deduction in the cards?
(DBN)

Housing Finance: Role of the Government Guarantee
(DBN)

NC: Another coastal developer files for bankruptcy
(DBN)

South Edge Allowed to Seek Creditor Vote on Reorganization
(DBN)

Bank of America Seeks to Dismiss Thornburg Countrywide Mortgage Lawsuit
(DBN)

The Fall And Rise Of The Housing Market - Part Three
(DBN)

The Fall And Rise Of The Housing Market - Part Four
(DBN)

Fitch: August CMBS delinquencies drop to 8.65% from record rate in July
(DBN)

CMBS Workouts Led To Lower Delinquency Rate In August
(DBN)

_____________

Solar:

Solyndra investigation expands as agents visit executives’ homes
(DBN)

FBI questions execs of bankrupt Calif. solar company that got $500 million in federal loans
(DBN)

Solyndra Painted Rosy Picture of Its Finances to Workers, Congress
(DBN)

FBI raid on Solyndra may herald escalation of watchdog probe
(DBN)

Department of Energy officials sat in on Solyndra meetings
(DBN)

Solyndra Painted Rosy Picture of Its Finances to Workers, Congress
(DBN)

Job fair held for former Solyndra workers
(DBN)

______________

Banking:

U.S. banks look for kinder, gentler death plans
(DBN)

Living Wills Final Rule Scheduled for Approval
(DBN)

Bank of America Tries to Cut Its Way Out of a Hole
(DBN)

What the Bank of America shake-up means for you
(DBN)

BofA to cut at least 40,000 jobs
(DBN)

Extreme makeover BofA: An asbestos solution
(DBN)

The First National Bank of Florida Acquired By CharterBank of Georgia
(DBN)

Unofficial Problem Bank list declines to 986 Institutions
(DBN)

BNP Paribas, Soc Gen, and Credit Agricole prepare for Moody's downgrades
(DBN)

French Banks' Steep Fall May Limit Further Drop
(DBN)

______________

Autos:

UAW Said to Seek Record $10,000 Signing Bonuses in Talks With Automakers
(DBN)

UAW's GM Contract Likely to Lead Others
(DBN)

Potential Saab savior gets good signs
(DBN)

Saab down to last gasp, China may throw lifeline
(DBN)

'No salary cash at Saab': Muller
(DBN)

Saab's demise sign of times
(DBN)

Unions hold off bankruptcy action against Saab
(DBN)

GM's Opel facing uncertain future
(DBN)

______________

Religion:

Judge orders insurers to pay in diocese bankruptcy
(DBN)

______________

Mass Transit:

Resolution puts Las Vegas Monorail on track to exit bankruptcy
(DBN)

______________

Food/Beverage:

Owner of Gino's East may bid for Giordano's
(DBN)

______________

Celebs:

Master P Movie Peeps Wanna Get Paid
(DBN)

'Real Housewives of New Jersey's' Teresa and Joe Giudice Renew Vows (Expensively)
(DBN)

The Broke and the Beautiful: Baseball Edition
(DBN)

4 Things Mike Tyson Can Teach You About Savings Accounts
(DBN)

Financial Lessons From Sports Stars ’ Mistakes
(DBN)

Former Baywatch babe Pamela Anderson being chased for debt
(DBN)

______________

Turnarounds:

Adviser Reweaves A Tangled Web Of Debt
(DBN)

______________

Baseball:

Frank McCourt and Bill Burke: Not pals
(DBN)

______________

Defaults:

Two defaults last week raise the 2011 global corporate default tally to 28 issuers, says S&P
(DBN)

______________

Debt Collection:

Debt collection firm settles lawsuit for millions
(DBN)

Ticked off at debt collectors calling their cellphones, Floridians are fighting back
(DBN)

Collectors Hunt Debtors on Facebook
(DBN)

______________

Finance:

Surprise! Junk Debt Is Coming Back Into Style
(DBN)

______________

Politics:

The middle class candidate
(DBN)

Where some see hostility in Warren, he sees a strong advocate
(DBN)

Mr. Boehner, Were You Bored?
(DBN)

Boehner, Biden Chat Golf Before Jobs Speech
(DBN)

Huntsman Shakes Up Financial Team
(DBN)

GOP divides on 'Ponzi scheme'
(DBN)

Perry and the Ponzis
(DBN)

A Closer Look at Romney's Economic Plan
(DBN - NY Times - Paywall Limit Possible)

Texas and Mass. Still at Health Coverage Extremes in U.S.
(DBN)

______________

New Bankruptcy Opinions
(4 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:

Venue, Sbarro, Viceroy, Evergeen, Fidelis, Spiegel
(DBN)

Madoff, Solyndra, Lehman, NewPage, Inspirada
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Dropping More Rapidly Than Expected
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Trivia:

Bankruptcy Trivia Contest Answers
(DBN)

______________

Fraud:

Former auto chemical company CEO, lawyer gets 7 to 21 years for fraud in driving company into bankruptcy
(DBN)

Clawbacks Without Claws
(DBN)

Madoff Trustee Picard Sets $272 Million Payout, Sept. 15 Claim Record Date
(DBN)

Rothstein investor Sochet targeted in $105M suit
(DBN)

Dreier trustee wants to settle telecom avoidance claim
(DBN)

Steering Clients Clear Of Fraud
(DBN)

Citing $350K Bling, NY Judge Gives Ohio Lawyer 7 to 21 Years in $110M ‘Pump and Dump’
(DBN)

Ex-Credit Suisse Broker Butler Reports to Prison for $1 Billion Fraud
(DBN)

______________

Sales:

Fifth Circuit Shows Reorganization Investors How to Get and Keep an Expense Reimbursement Order
(DBN)

______________

Consolidation:

Delaware Bankruptcy Judge Walsh Rejects Substantive Consolidation Retroactivity by Implication
(DBN)

______________

Insurance:

Mortgage securities lawsuits unlikely to roil D&O
(DBN)

Insured entity's purported derivative claim against former officers triggers insured vs. insured exclusion
(DBN)

______________

Hotels:

Sawgrass Marriott about to emerge from bankruptcy , lawyer says
(DBN)

Judge grants order protecting HI Marriott proprietary information
(DBN)

Marriott struggles with Edition 'lifestyle' hotel
(DBN)

______________

Utilities:

Milwaukee judge takes away popular debt maneuver
(DBN)

______________

Derivatives:

IFR-ISDA committee says TCEH was not insolvent
(DBN)

______________

UK:

Fifteen big chains face shutting shop
(DBN)

Vickers: the timetable of reform
(DBN)

The ICB: Digesting The Details
(DBN)

Vickers report: key points
(DBN)

Industry reaction to the Vickers Report
(DBN)

Dimon vs Vickers
(DBN)

UK Banks Should Ring-Fence Retail Divisions: ICB
(DBN)

New finance jobs in London tumble 20 per cent in August
(DBN)

Appointment of Administrators - 9 September 2011
(DBN)

Winding Up Petitions - 9 September 2011
(DBN)

______________

EU:

Stark resignation sends shares tumbling
(DBN)

A stark warning
(DBN)

Something Stinks in Euroland
(DBN)

Germany wants deputy FM Asmussen to succeed Stark on ECB board
(DBN)

Stark resignation limits Draghi's room on bond buys
(DBN)

The Ghost That Haunts Europe's Debt Crisis
(DBN)

Merkel Allies Want Euro Exit of Noncompliant Members, ARD Says
(DBN)

Europe Company Swap Gap to U.S. Surges
(DBN)

US Blames Eurozone for Economic Problems
(DBN)

Merkel allies break taboo with Greek default talk
(DBN)

Berlin prepares for Greek insolvency
(DBN)

Surviving The Coming European Meltdown
(DBN)

Draghi's Hands May Be Tied on ECB Stimulus
(DBN)

Citi's Willem Buiter: There's A Big Third Option For Europe That Nobody Is Thinking About
(DBN)

European Banks Valued at Post-Lehman Lows Show Sovereign Risks Are Growing
(DBN)

______________

PIIGS:

Will Germany Decide to Let Greece Fall?
(DBN)

Germany May be Ready to Surrender in Fight to Save Greece
(DBN)

Talk of Greece leaving euro not serious: PM
(DBN)

Schaeuble is preparing for Greek bankruptcy
(DBN)

Reports: Germans float Greek default idea
(DBN)

Greece has cash until October
(DBN)

Another Sign Greece Will Default
(DBN)

Greece says will stay the course, despite GDP slump
(DBN)

Greece announces new budget cuts for 2011
(DBN)

Athens to levy property tax in budget U-turn
(DBN)

Greek labour unionists threaten to block new property tax
(DBN)

Greek recession worse than expected, finance minister says
(DBN)

Papandreou Pushes On With Austerity, Workers Face the Axe
(DBN)

It Looks Like Everyone's Giving Up On Greece
(DBN)

Greek Economy Will Shrink More Than Expected, Finance Minister Says
(DBN)

Papandreou Sets New Measures to Skirt Default
(DBN)

Greek police prepare for anti-austerity protests
(DBN)

Probe into Anglo will drag on until next year
(DBN)

Noonan Seeks Meeting On Anglo
(DBN)

Nama is one big, fat Orwellian nightmare
(DBN)

ie: Commercial debt judgments down 90pc as activity tails off
(DBN)

______________

France:

Moody's May Downgrade Big French Banks
(DBN)

______________

Canada:

Window and door manufacturer GBO to file for bankruptcy , restructure
(DBN)

Ontario court rules on corporate group filing
(DBN)

Contemplating a Corporate Governance Model for Bankruptcy Reorganizations: Lessons from Canada
(DBN)

______________

Japan:

Japan Finds Out What Happens When Electricity Runs Low
(DBN)

Japan Economy Shrinks Further
(DBN)

Japan, Six Months After the Tsunami
(DBN)

______________

MENA:

Syrians call for int'l protection
(DBN)

Japan freezes Syrian president's assets
(DBN)

Syria, Arab League Agree to Reforms
(DBN)

Violent Protests Sweep Cairo
(DBN)

Egyptian Protesters Storm Israeli Embassy
(DBN)

Israel facing 'diplomatic tsunami' with Arab neighbors
(DBN)

Crisis threatens Mideast ties
(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