September 8, 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:

It's the Cause, Stupid
(DBN)

The future of the law firm website
(DBN)

Supervising Partners and Teaching Partners
(DBN)

Alexander Gallo Holdings Files for Bankruptcy in New York
(DBN)

Alexander Gallo Holdings, LLC Bankruptcy – 30 Largest Unsecured Creditors
(DBN)

2011 Summers Worked Hard, And Have the Job Offers to Show For It
(DBN)

Moving On Up: Foley Hoag
(DBN)

The Patron Saint of Food Trucks
(DBN)

How To Cite To A Blog??
(DBN)

Is a Client Sending You Email on a Work Computer? Duty to Warn Could Apply, ABA Opinion Says
(DBN)

If Secret Email Surfaces, ABA Opinion Says Opponent Alert Isn’t a Must—But Local Rules May Differ
(DBN)

New ABA Ethics Opinion Gives Guidance on Changing Legal Fee Arrangements During Representation
(DBN)

Accused by AG of Misleading Clients, Lawyer Fires Back with Federal Civil Rights Suit
(DBN)

Clemens Defense Violated Rules on Juror Contact After Mistrial
(DBN)

Madoff, EMI, Barclays, News Corp., Omnicare, Primary Global in Court News
(DBN)

How Can Law Students Win the War Against Their Lockers?
(DBN)

Incubators give birth to flocks of solo practitioners
(DBN)

How would students grade their law schools?
(DBN)

Plenty of Ph.Ds at elite law schools
(DBN)

Law School Transparency: "It is difficult to get a man to understand something when his salary depends on his not understanding it"
(DBN)

Fixing Law School
(DBN)

Pressure mounts to help graduates manage debt
(DBN)

Survey Reveals Profile of Unhappy Worker: She’s Unmarried, 42, and a Lawyer or Doctor
(DBN)

Lawyer’s Affliction—Misophonia—Is Little Known
(DBN)

"59 printed pages of e-mails and text messages, including two marriage proposals from Matthew and his promise to love her for eternity"
(DBN)

Socialite Beata Boman to be cleared of scarf theft charges if she behaves for 18 months
(DBN)

Family Can Sue Over Unprovoked Dog Shooting By Police
(DBN)

No Trial for Cops Who Maced, Beat Diabetic
(DBN)

5 Favorite Lawyer Videos on YouTube
(DBN)

A Million in Cash in the Basement: Lawyer Admits Tax Evasion
(DBN)

Dispatch from Amelia Island: Inside the Dickie Scruggs Scandal
(DBN)

Ten Things You Should Not Post In Online Communities
(DBN)

Law License Plates: Welcome to the Dating Game
(DBN)

______________

Judges:

Lawyer Lashes Out at Court In Motion To Withdraw
(DBN)

How Rich Are The Supreme Court Justices?
(DBN)

Another Heartwarming Story Involving Judge Alex Kozinski
(DBN)

Controversial, Outspoken Judge Leaves Bench for BigLaw Partnership
(DBN)

Pistol-Packing Judge Booted From Bench Over Drug Use, Bizarre Behavior
(DBN)

Ten "Best" Jobs Include Law Professor and Judge
(DBN)

______________

Wall Street:

Wall Street seen opening higher
(DBN)

Euro, global stocks down before ECB rate decision
(DBN)

Dow closes up 2.5%
(DBN)

Beige Book Confirms Economy Has Low-Grade Fever, Stocks Cheer
(DBN)

Goldman’s Pay Hurts Shareholders: Lawyer
(DBN)

______________

Layoffs:

Another Link Between Politics and Jobs
(DBN)

Mr. President, we need jobs
(DBN)

Job ads hit three-year high in July
(DBN)

Applebees Franchisee Will Tackle Unemployment Rate One Location At A Time
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Saab Automobile's Déjà Vu Moment
(DBN)

Saab CEO, eternal optimist, seeks a savior
(DBN)

If Enthusiasm and Optimism Paid Dividends, Saab Would be Thriving
(DBN)

Bankruptcy protection is Saab's last hope
(DBN)

Saab seeks debt defense
(DBN)

Wheelies : The Gimme Shelter Edition
(DBN)

Saab GB reassures market following Swedish creditor
(DBN)

GM CEO, UAW chief meet; contract talks intensify
(DBN)

Sources: UAW, Ford, Chrysler far apart in talks
(DBN)

______________

Celebs:

Donald Trump Loses Lawsuit Appeal
(DBN)

Lenny Dykstra Pleads Not Guilty to IE
(DBN)

______________

Fraud:

HSBC $62.5 Million Madoff Feeder-Fund Settlement Rejected by U.S. Judge
(DBN)

Madoff Trustee Asks Court to Strike Request for Rehearing
(DBN)

Judge’s Madoff ruling seen as setback for Mets owner Fred Wilpon
(DBN)

New York Life, Insurers Fault Madoff Trustee’s Treatment in Tremont Deal
(DBN)

US Charges 91 in $295 Million Health-Care Fraud Crackdown
(DBN)

McKenna: Trustee's fraud claims are retaliatory
(DBN)

Goldman Sachs Countersues Producer Joel Silver Claiming Fraud
(DBN)

Rothstein mystery grows: Judge bars videotaping
(DBN)

Creditors' Committee Appointed in ShengdaTech Bankruptcy
(DBN)

______________

Aviation:

American Asks Pilots to Defer Vacations Amid Staffing Concern
(DBN)

______________

Hedge Funds:

Paulson's Fund Said to Lose 34% This Year
(DBN)

______________

PE:

NewPage, Cerberus-Owned Papermaker, Files for Bankruptcy
(DBN)

______________

Hollywood:

David Bergstein Wins in Court As Judge Refuses to Give Control of Film Companies to Trustee
(DBN)

Kerner Optical Sees End of Days
(DBN)

______________

Music:

Former execs force AirPlay Direct into bankruptcy court
(DBN)

Guy Hands launches fresh legal action over Citigroup's seizure of EMI
(DBN)

Hands grasping at straws -- and EMI
(DBN)

______________

Consumer Finance:

Minnesota Attorney General Sues 5 Internet Payday Lenders for Automatically Extending Loans
(DBN)

Payday Loans Are Dead! Long Live Payday Loans!
(DBN)

______________

Resorts:

Paying The Bills - Committee Uncertain How Peek n' Peak Sale Proceeds To Be Divided
(DBN)

______________

Weather:

Freddie Mac offers mortgage relief to borrowers hurt by Hurricane Irene
(DBN)

Law School Wades Into Flood Relief Efforts
(DBN)

Bastrop wildfire impacts legal community
(DBN)

______________

Economy:

The Obama Presidency by the Numbers
(DBN)

President Obama Set to Deliver Major Economic Address
(DBN)

Fed Says Economy Grew at Slower Pace in Some Regions Amid Limited Spending
(DBN)

Fed's Williams: Stalling Out, High Unemployment Is Economy's Main Threat
(DBN)

Evans Calls for Further Fed Stimulus to Reduce U.S. Unemployment ...
(DBN)

US Economy Is Basically 'Still In Recession': Fed's Evans
(DBN)

"New normal" means a lot more pain to come: Fed economist
(DBN)

Fed's Lacker: Central Bank's Most Crucial Role Is Price Stability
(DBN)

Bernanke gets another shot to lay out QE3 options
(DBN)

Panetta Is Likely to Meet With Deficit-Cutting Committee
(DBN)

Sen. Portman: Supercommittee Is in ‘Right Frame Of Mind’
(DBN)

What Should the Deficit Committee Do?
(DBN)

Not More of the Same
(DBN - NY Times - Paywall Limit Possible)

U.S. Chamber Says Tax Holiday Would Expand Economy 4 Percent
(DBN)

Rising Labor Costs 'Very Bad News for Profits'
(DBN)

Asian Central Banks Hold Rates as Global Turmoil Damps Outlook
(DBN)

OECD Makes It Official: Growth Has Ground To A Halt, And Central Banks Need To Flood The World With Money
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

GE Disputes U.S. Suit Over Mortgage Bonds
(DBN)

U.S. Should Put Banks' Health Ahead of Litigation Claims, Miller Says
(DBN)

Suing Banks Is Next Best to Letting Them Fail
(DBN)

FHFA Clarifies Lawsuits, Pins MBS Losses On Sellers
(DBN)

Mortgage cases target people, not just banks
(DBN)

The trend continues: U.S. Bank files another suit as MBS trustee
(DBN)

BofA 'Herding Lions' to Push Through $8.5B Mortgage Deal
(DBN)

FHFA Lawsuits : Price Tag Could Reach as High as $60 Billion
(DBN)

Private-label RMBS players support MERS and stronger guarantees
(DBN)

Fla. Appeals Court Reverses Ruling Against Homeowners in Foreclosure Case, Due to Bad Affidavit
(DBN)

Ruling in Wellington case could further complicate Florida foreclosures
(DBN)

Florida Appellate Decision May Be a Major Obstacle to Foreclosure
(DBN)

Please pass the grease
(DBN)

Less than 40% of CMBS make balloon payment
(DBN)

U.S. Homebuilders' Improving Markets Index
(DBN)

Mortgage Applications Drop as Refinancing Retreats
(DBN)

Doughnut Shops Gobble Up Space
(DBN)

Related's CityPlace Sued in $150 Million Mortgage Foreclosure Action
(DBN)

Innkeepers USA Asks Bankruptcy Court To Level Millions in Damages over Cancelled Deal
(DBN)

Coastal developer files for bankruptcy
(DBN)

William Blair, Hilco Slicing Up Giordano's Sites
(DBN)

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

Moody's Sounds Alarm On FHA, VA Losses; Downgrades $1.8B Of RMBS
(DBN)

MGIC Leads Mortgage Insurer Rally as Sales Climb After Competitors Falter
(DBN)

_____________

Politics:

Fact checking the GOP debate
(DBN)

When fractured politics kills economic solutions
(DBN)

GOP debate features first appearance for Perry
(DBN)

Bernanke gets hammered in Republican debate
(DBN)

Perry, Romney clash over Social Security
(DBN)

Perry on the National Stage: Powerful but Unpolished
(DBN)

Rick Perry shows star quality
(DBN)

Romney, Perry Spar Over Jobs At GOP Debate
(DBN)

The Myth of Conservative Purity
(DBN)

Elizabeth Warren closes in on Scott Brown ‎
(DBN)

Brown campaign consultant registers a 'Queen Elizabeth Warren website
(DBN)

Elizabeth Warren's moment
(DBN)

______________

Lehman:

Lehman , Barclays Spar Over Bonuses
(DBN)

Lehman Bonuses Were Estimate in Barclays Sale, U.S. Bankruptcy Judge Says
(DBN)

Lehman appeals to district court on Barclays sale
(DBN)

_____________

Banking:

The Latest on Colonial Bancorp
(DBN)

Soft Cash Landing for BofA’s ‘You’re Fired’ Duo
(DBN)

When The Going Gets Weird, The Weird Turn Pro :)
(DBN)

Moynihan Tries to Keep BofA Intact
(DBN)

Bank of America may cut as many as 600 branches
(DBN)

New Worries Over Broker Pay at Bank of America
(DBN)

Bank of America: Goodbye Buffett Premium, Hello Krawcheck Defenestration Premium
(DBN)

Krawcheck's Exit Leaves Regulator in the Lurch
(DBN)

Why Sallie Krawcheck had to leave BofA
(DBN)

How Brian Moynihan Forced Sallie Krawcheck Out Of Merrill
(DBN)

Sallie Krawcheck's Amazing Life & Career
(DBN)

Women on Wall Street: Small group at the top gets smaller
(DBN)

Countrywide Execs Gave Bank Of America The Worst Insult Ever
(DBN)

Waiting for a New Blueprint From Bank of America
(DBN)

______________

Paper:

Cerberus-Owned Paper Maker Files For Bankruptcy, Saves Some Money On Taxes
(DBN)

S&P cuts NewPage ratings after bankruptcy filing
(DBN)

NewPage employees hope for positive result
(DBN)

USW Prepares to Assist Members at NewPage
(DBN)

Bankruptcy battle could leave Newpage overlevered
(DBN)

Communities react to NewPage Chapter 11 protection filing
(DBN)

Mill lost $50M in past year: affidavit
(DBN)

Despite bankruptcy filing, town and mill say it's 'business as usual'
(DBN)

Dexter to NewPage: Maintain the mill
(DBN)

NewPage Corporation – 30 Largest Unsecured Creditors
(DBN)

______________

Building Materials:

Jeld-Wen denies bankruptcy threat
(DBN)

______________

Municipalities:

Harrisburg may avoid default; Pa. looks at control
(DBN)

Texas adds more jobs, home sales increase in July
(DBN)

More SID's Filing For Bankruptcy
(DBN)

______________

Retailing:

Amazon Reportedly Cuts Deal on Calif. Sales Taxes
(DBN)

______________

Media:

Is John Paton the Savior Newspapers Have Been Looking For?
(DBN)

______________

Energy:

Dynegy Bondholder Losses Deepen as Debt Exchange Looms
(DBN)

______________

Tax:

The Taxman Cometh – Fifth Circuit Upholds Personal Liability for Unpaid Excise Taxes
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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:

Madoff, LA Dodgers, Lehman, Borders, PJ Finance: Bankruptcy
(DBN)

Madoff, Raser, Doral, Garlock, Sbarro, Barzel
(DBN)

The Bankruptcy Files: Paper Cuts, a Saab Story, a Solar Power Outage, and Not-So-Sunny Hawaii
(DBN)

Rochelle on Solar Bankruptcies and Credit Quality
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Insured Entity's Purported Derivative Claim against Former Officers Triggers Insured vs. Insured Exclusion
(DBN)

______________

Bankruptcy Rules:

Chief Justice of U.S. Supreme Court Reappoints St. Louis Attorney David A. Lander of Gallop, Johnson & Neuman to National Advisory Committee on Bankruptcy Rules
(DBN)

______________

Insiders:

Exec of Bankrupt Entity Can't Keep $200K Deal
(DBN)

______________

Consultants:

Borders bankruptcy trustee gives credit to AlixPartners, says don't pay adviser Jefferies & Co.
(DBN)

______________

Sales:

Appeals Courts Split on Creditors' Right to Bid in Auction Sales
(DBN)

Fifth Circuit Upholds Expense Reimbursement for Non-Stalking Horse Bidders: Now That’s A Horse of a Different Color…
(DBN)

______________

Shipping:

Europe-U.S. Tanker Glut Expands
(DBN)

______________

Health Care:

At least $10 million added to Quincy Medical Center deal
(DBN)

Bankruptcy judge considers sale of struggling Hoboken hospital
(DBN)

______________

Solar:

Solar Company Failure Shows Less Federal Aid Works Better
(DBN)

2 More Solar Companies Get U.S. Loan Backing
(DBN - NY Times - Paywall Limit Possible)

Solyndra may have 2 bidders
(DBN)

Solyndra CFO won't say if solar maker to stay in U.S.
(DBN)

Will Solyndra's potential buyers keep it in the U.S.?
(DBN)

How did Solyndra get a sweetheart interest rate?
(DBN)

Solyndra officials made numerous trips to the White House, logs show
(DBN)

Argonaut Ventures to Get Paid Before U.S., Other Details from Solyndra’s Bankruptcy Filing
(DBN)

______________

Corporate Reform:

Cordray Bows and Scrapes at Senate Banking Committee Hearing
(DBN)

Former AG Tapped for CFPB Learns You Only Get Once Chance to Make a Bad First Impression
(DBN)

Cordray Wins Praise, but Stalemate Persists
(DBN)

Cordray: Litigation Can Be 'Needlessly Acrimonious'
(DBN)

U.S. Consumer Bureau Seeks Input on Military Financial Products
(DBN)

Business Regulations Provide Key Context for Obama's Jobs Speech
(DBN)

______________

Warranties:

US Fidelis' unsecured creditors seek to toss out Mepco's $57 million claim
(DBN)

______________

Food/Beverage:

Sbarro, creditors agree on auction plan
(DBN)

______________

UK:

When Jamie Dimon Berated the U.K.’s Treasury Chief
(DBN)

U.K. Economic Growth Slowed in Quarter Ended August
(DBN)

Pawnbrokers Thrive as Rising Gold Price Entices Hard-Up Britons
(DBN)

Winding Up Petitions - 7 September 2011
(DBN)

______________

EU:

Jean-Claude Trichet's Speech More Important Than Obama's Speech
(DBN)

Merkel Says EU Must Be Bound Closer Together
(DBN)

German court checks Merkel's power in eurozone crisis
(DBN)

European markets rise as German court clears Greek bailout
(DBN)

Germany's constitutional court misses the last chance to save Europe from itself
(DBN)

Merkel Says Strict Terms on Aid for Debtor Nations Needed to Calm Turmoil
(DBN)

Europeans have a right to feel cheated
(DBN)

European banks exposed to sovereign debt
(DBN)

EU Is Said to Delay Bank Bondholder Writedown Plan Amid Market Turbulence
(DBN)

A reality check on European unity
(DBN)

Farkas Says Bank Liquidity Cause for Concern
(DBN)

U.S. Treasury Urges European Crisis Action as G-7 Set to Meet
(DBN)

______________

PIIGS:

German FinMin-Greece must fulfil conditions to be in euro zone
(DBN)

Fear of Greece Leaving Euro Lingers Over Markets
(DBN)

Schaeuble says situation in Greece is "serious"
(DBN)

Schauble austerity rant may make things worse
(DBN)

Insistence on austerity will only heighten crisis
(DBN)

Greek taxis, doctors, dentists on strike
(DBN)

Borg: time to 'pressure' Italy and Greece
(DBN)

Greece cannot take next aid for granted
(DBN)

Italy Senate approves austerity package
(DBN)

Consumer Groups May Sue S&P, Moody's Should They Cut Italy
(DBN)

EFSF: Rescue program is doomed
(DBN)

Defining a vision after the Karlsruhe verdict
(DBN)

"Das Geht Nicht”, Germany Told Greece And Italy
(DBN)

IMF to Cut Irish Growth Forecasts
(DBN)

ie: No Incentive To Repay Nama Debts, Says Grehan
(DBN)

Portugal says third of hospitals insolvent
(DBN)

______________

Canada:

OPTI Canada Confirms Noteholder Approval of Master Plan and Announces Court Sanction Order
(DBN)

Ontario court OKs Blockbuster Canada closure
(DBN)

Average Total Debt For Canadians Shows Stability
(DBN)

______________

Iceland:

Iceland Search for Political Guilt Faces Hurdles in Crisis Trial
(DBN)

______________

Asia:

Fitch warns of downgrades for China, Japan
(DBN)

______________

MENA:

Nakheel delays AED1bn sukuk on inaccurate bank details
(DBN)

______________

India:

Cough up dues or face liquidation, HC tells Wockhardt
(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