September 9, 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:

Summer Associate Offer Rate Is Slightly Higher, But ‘It’s Not Back to the Good Old Days’
(DBN)

Bad Economy Has Law Grads Going Solo
(DBN)

Associate Pay on the Rise Again?
(DBN)

Survey Results: Who Labored on Labor Day?
(DBN)

Foley Welcomes Three Prominent Bankruptcy And Finance Attorneys In San Diego
(DBN)

Greenberg Traurig Snags a Major Player from Cadwalader
(DBN)

Cravath to Clash With Quinn Emanuel on Constitutionality of Health Care Reform
(DBN)

Herbert Smith to boot out underperforming partners
(DBN)

A Fine Time to Join BigLaw
(DBN)

Search for Billing Flexibility Motivates LA's Latest Boutique
(DBN)

Pay miserliness from Scotland -- ... and Northern Ireland
(DBN)

Out-of-State Attorney Office Rule Found Unconstitutional
(DBN)

BigLaw Firm Reexamines How Long It Takes to Make Full Partner, What Full Partners Make
(DBN)

In-House: Reporting On Depositions
(DBN)

IT and Law Are an Odd, Ornery Couple
(DBN)

Lawyers, Rural South Dakota Wants You
(DBN)

Congressional Supercommittee Picks Michael Bloomquist for GC Role
(DBN)

Houston Business Journal Hands Out 2011 Best Corporate Counsel Awards
(DBN)

15 Various Expenditures Irregularly -- or Rarely -- Included in Legal Department Budgets
(DBN)

Law School’s Dirty Little Secret | Law Riot
(DBN)

1Ls Beginning to Notice Ominous Signs Regarding Their Job Prospects
(DBN)

Law Student of the Day: The First Thing We Do, Let’s Kill All the Gunners
(DBN)

From The Sports Page
(DBN)

Evolving Trends in Law Firm Disaster Recovery
(DBN)

4 US Open Umpires Sue for Overtime Pay, Allege 100s Were Misclassified as Independent Contractors
(DBN)

Health-Care Law, Monsanto, Madoff, Weavering in Court News
(DBN)

1,800 Pro Bono Hours Later, Attorney Sees Sept. 11 Memorial Become Reality
(DBN)

Sorry A Guy Died Next To You, Here's A Coupon
(DBN)

Cabin Crew Thinks Books About Old Airplanes Signify A Security Threat
(DBN)

Please cover up, the seat at least
(DBN)

Anything for a Buzz
(DBN)

Bear Steals Family's Prius, Goes Joyriding Before Crashing Into Porch
(DBN)

Former White House Aide, Once a 4th Circuit Nominee, Is Suspended in DC for Petty Theft
(DBN)

______________

Judges:

Lawyer’s Quest for Aid with Perplexing Affidavit Requirement Ends with Judge Kozinski
(DBN)

Supreme Court justice joins faculty
(DBN)

Rates of Unpublished Opinions in the Different Circuits
(DBN)

Judge’s Holiday-Weekend Civility Class is Cancelled, But Attorney Manners Remain a Contentious Topic
(DBN)

Democrats Seek to Impose Tougher Supreme Court Ethics
(DBN)

Judge Judy’s Lessons for Litigators
(DBN)

______________

Wall Street:

Stock index futures signal early losses
(DBN)

Dow sheds 1%: Stocks drop after Bernanke speech
(DBN)

______________

Layoffs:

US Jobless Claims Rise to 414,000
(DBN)

Bank of America job cuts could hit 40,000
(DBN)

Obama's jobs speech to pitch extension of payroll tax cut
(DBN)

Obama to Congress: 'Pass this jobs bill'
(DBN)

Construction industry optimistic about president's jobs plan
(DBN)

Obama jobs plan spurs cautious hope among small businesses
(DBN)

Dendreon will eliminate 500 jobs to slash spending
(DBN)

Fairpoint to Lay Off 400 Workers
(DBN)

Fed: Williams Gives Gloomy Jobs Forecast
(DBN)

Skills Gap Looms as Boomers Retire
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Solar:

FBI searching Solyndra headquarters
(DBN)

What Does the FBI Want From Solyndra?
(DBN)

House Republicans Widen Solyndra Probe, May Subpoena White House
(DBN)

Solyndra's sunset catches Washington glare
(DBN)

Will FBI Uncover Crony Capitalism in Solyndra Raid?
(DBN)

Solyndra Bankruptcy Saga Becomes Thorny
(DBN)

Solyndra, Solar Dreams, Bankruptcy and More Government Waste
(DBN)

Lessons From Solyndra
(DBN)

Creditors line up after Solyndra bankruptcy
(DBN)

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

The Solar Dole
(DBN)

Solar Hype and Failure: A Long Story
(DBN)

Solyndra: Congress' letter sought more information
(DBN)

Wyden Asks Obama for Dumping Duties on China's Solar Panels
(DBN)

Mississippi lures " green" manufacturing jobs
(DBN)

______________

Banking:

Is Bank of America's Tom Montag Going to Oust Brian Moynihan?
(DBN)

Looking Inside Bank of America's 'De-Layering '
(DBN)

Bank of America Plans No New Branch Closings
(DBN)

US Banks Forced into New Stress Tests
(DBN)

23 ex-WaMu employees named in federal suit
(DBN)

______________

Paper:

NewPage Needs Loan Immediately to Keep Operating, Lawyer Says
(DBN)

NewPage Wins Approval of Bankruptcy Loan to Keep Operating
(DBN)

Rochelle on Cerberus' NewPage Bankruptcy Filing
(DBN)

______________

Media:

Creditors vote on fate of Jewish Times publisher
(DBN)

P-D Parent Co. Gets Debt Extension; Bankruptcy Still an Option
(DBN)

Newspaper bankruptcy brings back bittersweet memories
(DBN)

______________

Health Care:

Health Care Costs Up While Coverage Fell
(DBN)

4th Circuit Rejects Virginia's Challenge to Health Care Reform LawTimes
(DBN)

Trustee wants court to order nursing-home company liquidation
(DBN)

______________

Economy:

Fed Chairman Ben S. Bernanke doesn't tip hand on more stimulus
(DBN)

Bernanke: Fed to help restore strong growth, mum on measures
(DBN)

US needs a deficit-reduction plan or risk long-term economic damage, Federal Reserve chairman Ben Bernanke warns
(DBN)

Why tax revenue has to go up
(DBN)

Bernanke to Congress: Don't sacrifice recovery
(DBN)

Rising Fears of Recession
(DBN)

Obama Proposes Cutting Payroll Taxes in Half
(DBN)

Obama Turns to Old Playbook to Grow Jobs With Tax Cuts, Spending
(DBN)

President's Bid to Spur Growth
(DBN)

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

Can a payroll tax cut create jobs?
(DBN)

Experts See Limited Impact From Tax Cuts in Obama Plan
(DBN - NY Times - Paywall Limit Possible)

Obama lays out $447b jobs plan
(DBN)

Moody's: Obama Plan Would Add 1.9M Jobs
(DBN)

Treasuries Fall, US Futures Gain on Obama Jobs Plan; Dollar Fluctuates
(DBN)

Obama's Goal: Getting Jobs, Putting GOP on Spot
(DBN)

Fed’s Plosser: Monetary Policy Can’t Help Jobs Market Much Right Now
(DBN)

Obama's 2008 Economists: 'If You Aren't Going To Do Something Real, Don't Do It'
(DBN)

What's up with Europe's economy -- and why you should care
(DBN)

S&P: US Downgrade Increased Downgrade Risks For Other Entities
(DBN)

Recession Over, but the Pain Stays
(DBN)

OECD Warns on Major World Economies
(DBN)

Taco Bells Lobbies to Accept Food Stamps
(DBN)

Will debt panel tackle Medicare, Social Security?
(DBN)

Bipartisan Effort to Cut Benefit Programs
(DBN)

G-7 Faces Three-Front Battle Against Contagion
(DBN)

Gambling Bankers Need a Capital Intervention
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage Rates Hit Record Lows
(DBN)

CBO casts doubt over Fed refinancing plan
(DBN)

Obama's jobs plan doesn't do enough for housing, critics say
(DBN)

Banks May Fight Banks as Mortgage Securities Investors Try for Class Suits
(DBN)

Judge thwarts Wells Fargo mortgage class-action
(DBN)

Hard To Pick A Winner
(DBN)

Fannie, Freddie said to be near settlement
(DBN)

Fannie Mae and Freddie Mac were victims , not culprits
(DBN)

Fannie and Freddie as Victims - The toxic twins now blame banks for their losses
(DBN)

Consumer pessimism reaches new high in August: Fannie Mae
(DBN)

Jobless claims edge up, pressuring anemic housing market
(DBN)

Fannie and Freddie now dominate multifamily CMBS
(DBN)

Will Push To Maintain Mortgage Caps Bear Fruit?
(DBN)

Trustee alleges fraud in Mastro deals
(DBN)

_____________

Politics:

Obama's big gamble
(DBN)

The irrelevancy of the Obama presidency
(DBN)

Hope for jobs bill? Don't believe the hype
(DBN)

A big, bold jobs plan
(DBN)

CEOs to Obama: Job Growth? Get Out of Way
(DBN)

Barack Obama jobs speech calls for end to 'political circus' in Washington
(DBN)

Obama Will Challenge Republicans to Act or Share Blame
(DBN)

Boehner openminded ahead of Obama jobs speech
(DBN)

John Boehner On Jobs Speech: Republicans, Be 'Respectful' And Attend
(DBN)

GOP signals a willingness to work with Obama to create jobs
(DBN)

Politicians Can't Fix Jobs Crisis
(DBN)

Before Jobs Speech, Obama To Push Repair of Nation's Roads & Bridges
(DBN)

Only Bachmann Gutsily Schedules Response to Obama's Jobs Speech
(DBN)

Watching Bachmann Watch Obama
(DBN)

To Dream The Impossible Dream: Michele Bachmann's 'genius' in vowing $2-a-gallon gas
(DBN)

Fact Check: Perry, Romney twist records in debate
(DBN)

Social Security a Ponzi Scheme? Not Really
(DBN)

Elizabeth Warren feeds speculation ‎
(DBN)

Elizabeth Warren pressures Senate GOP on Consumer Bureau blockade ‎
(DBN)

Mass. Dems call on Sen. Brown to fire aides behind Warren smear site
(DBN)

______________

Autos:

Saab denied bankruptcy protection
(DBN)

Saab to appeal ruling
(DBN)

Saab faces collapse after bankruptcy protection rejected by court
(DBN)

Saab says "not dead yet" after court setback
(DBN)

Saab in New York?
(DBN)

Saab's Demise Becoming Inevitable
(DBN)

Saab Chief Muller: In Talks With Pang Da, Youngman On Wages
(DBN)

3 Things Automakers Learned From Saab's Bankruptcy
(DBN)

GM Wants Pension Risk Off Books
(DBN)

Numbers at GM Don't Add Up
(DBN)

Car Dealers Pressured on Showrooms
(DBN)

______________

Golf:

Bidder offers $170M for Doral Golf Resort
(DBN)

______________

Paper:

NewPage seeks halt to pension catch-up payments
(DBN)

NewPage, state legislators to schedule meeting
(DBN)

______________

Orchestras:

Philly Orchestra, musicians seek new mediation
(DBN)

______________

Warranties:

Suit seeks to block US Fidelis affiliate from gaining in bankruptcy
(DBN)

______________

Food/Beverage:

Perkins & Marie Callender’s Wins Approval to Seek Creditor Vote on Plan
(DBN)

______________

Corporate Governance:

Handling a Corporate Crisis Can Make or Break a CEO's Career
(DBN)

______________

New Bankruptcy Opinions
(2 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:

Madoff, Solyndra, NewPage, Inspirada, The Georgian
(DBN)

Madoff, Gallo, LA Dodgers, Lehman, Solyndra
(DBN)

Betting on Solar Energy; Fixing the Mortgage Mess
(DBN)

______________

Venue:

Federal Lawmakers Consider Bankruptcy 'Forum Shopping'
(DBN)

______________

Plan Confirmation

What’s Fraud Got to Do With It? Permitting Confirmation Orders to Control Over Plan Language
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Jurisdiction:

Stern v. Marshall: effects on Delaware
(DBN)

______________

Litigation:

Courts Weigh In on Social Media as Evidence
(DBN)

World's Worst Motion for Judgment on the Pleadings?
(DBN)

______________

Accounting:

KPMG Can't Get Rid of the Countrywide Rash
(DBN)

______________

Corporate Reform:

GOP giving consumers' needs short shrift
(DBN)

Warren Keeps Up Pressure in CFPB Fight
(DBN)

Republicans want list of streamlined US bank rules
(DBN)

US Widens Probe of Libor Manipulation
(DBN)

SEC Inspector General is Due to Make Waves
(DBN)

______________

Consumer Finance:

Consumer Borrowing up in July
(DBN)

Consumer credit card balances fall sharply in July
(DBN)

______________

Municipalities:

Desperate U.S. Cities, Counties File for Bankruptcy
(DBN)

Receiver voids Central Falls Police Chief Moran's contract
(DBN)

______________

Retailing:

Wal-Mart Resumes Layaway on Electronics, Toys for Holidays
(DBN)

Blue Heron sites hit market
(DBN)

______________

Weather:

100,000 Told to Flee Flood Waters in Pennsylvania
(DBN)

Texas Begs For Help on Fires
(DBN)

______________

Debt Collection:

Creditors vs. debtors in Maryland
(DBN)

______________

Lehman:

Giants Unit Looks to Stiff-Arm Lehman in Stadium Case
(DBN)

Ghost of Lehman Haunts G-7 Amid Debt Crisis
(DBN)

Ex-directors challenge Lehman insurance release
(DBN)

______________

Oil/Gas:

Oil Traders Buying Protection Against Price Collapse
(DBN)

______________

UK:

Tax Cuts for Rich, Debt for the Poor
(DBN)

London Property Bubble About to Burst
(DBN)

Investors love the UK but not its banks
(DBN)

Magic circle quartet secure roles on €2bn Endemol debt restructuring
(DBN)

Jones Day slams SFO as Weavering Capital fraud probe is dropped
(DBN)

______________

EU:

Debt pushes European rate hikes off agenda
(DBN)

Slowdown leaves the ECB unmoved
(DBN)

Cash Is King for Top Euro Investors
(DBN)

Banking Crisis in Denmark Holds Lessons for Europe's Regulators
(DBN)

______________

Germany:

German Industrial Production Surges
(DBN)

______________

PIIGS:

Greece's Euro Membership Is Hanging by a Thread
(DBN)

High Noon Approaching For Greece?
(DBN)

European Commission: No issue of Greece's eurozone exit
(DBN)

Greek investors to decide on debt swap
(DBN)

Greek CDS Spreads Go Stratospheric
(DBN)

Greece's race to catch up on reforms seems doomed
(DBN)

European Leaders Escalate Tough Talk on Greece
(DBN)

Germany Pushes Greece to Brink Over Rescue
(DBN)

Europe Pushing Greece To Cut Deficit By Further 0.7% Of GDP
(DBN)

All Told, a Bad Week for Greece
(DBN)

______________

MENA:

US to Veto Palestinian Statehood at UN
(DBN)

______________

Czech Republic:

Penta Investments, E-Invest to Bid for Czech Lottery Operator
(DBN)

______________

China:

China's inflation rate eases as economy cools
(DBN)

______________

Japan:

Panel ties Japan governor to nuclear plant scandal
(DBN)

______________

Vietnam:

Vietnam's major state firms face big losses
(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