April 2, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

After Dodgers sale, Bingham question is still open
(DBN)

Dealmaker of the Week: Joseph Shenker of Sullivan & Cromwell
(DBN)

Incoming Dewey chiefs agree profit caps as firm renegotiates guarantees
(DBN)

GOP Ad Alters Audio of Health Care Arguments, Making Solicitor General Appear Bumbling
(DBN)

The Future of Law: Dark Clouds or Silver Linings?
(DBN)

Corporate Scorecard 2012
(DBN)

Partners Happily Retire To Make Room for Next Gen in Legal Sector
(DBN)

Rajaratnam prosecutor joins Boies Schiller
(DBN)

Everyman victim of legal downsizing
(DBN)

Stanford’s Victims Oppose Fee Increase Sought by Receiver Janvey
(DBN)

Allen & Overy Scores with the Ladies
(DBN)

Davis Polk on Deck for Mets on Minority Stake Sales
(DBN)

In-House Legal Departments Rely Less on Outside Counsel
(DBN)

Favorite Websites for Lawyers
(DBN)

Let's Admit That Lawyers Should Use Consultant-Editors
(DBN)

ABA Techshow Speakers Share Top Must-Have Gadgets for Every Lawyer
(DBN)

Pryor Cashman Restructuring Team Leaps to Perkins Coie, Which Plans Further Expansion of NY Office
(DBN)

Finding the Footprints of America’s Switched-on Lawyers
(DBN)

An Invitation to a Harvard Law Hook-Up
(DBN)

Law School Transparency: Michigan's real employment numbers
(DBN)

ABA, Law Schools to Announce Tuition Refund Plan
(DBN)

More Law Students Want Justice For Trayvon Martin
(DBN)

Law School: Will putting it primarily online make it possible for all of us to go, leave w/o 6-figure debt?
(DBN)

Alimony Decision Shows How Layoff Affected BigLaw Partner
(DBN)

Law Firms Must Get to the Rootkit of Security Breaches
(DBN)

Bales Lawyer Claims Military Stymieing Defense Efforts
(DBN)

In John Joe Gray’s 12th Year of Armed Standoff, ‘Sovereign Citizen’ Behavior May Be Increasing
(DBN)

Lawyer Forced to Represent Himself at Jury Trial in Tax Evasion Case Wins a Reversal on Appeal
(DBN)

Key Lawyer In Insider Trading Probe To Leave SEC
(DBN)

There Has Got to be a Better Way to Keep Jurors Off Facebook
(DBN)

“Judge Slaps Motley Rice With Fees Over ‘Frivolous’ Lawsuit”
(DBN)

Carnival Cruise Ship Ordered Held in Costa Concordia Suit
(DBN)

Mom-Daughter Bankrobbing Team Hit Four Banks In Two States
(DBN)

Man to get 2 years for killing bunny rabbits with his hands
(DBN)

Reporter fired for working as a s------- on the side
(DBN)

Batman pulled over by cops in Maryland
(DBN)

Say What?!
(DBN)

______________

Judges:

Health Care at the High Court --- Which Justices Are Key in Health Law Ruling? Publications Disagree --- Health-Law Case Puts Roberts in Crucible --- One Simple Argument Could Have Saved Obamacare; Too Bad Verrilli Didn't Make It --- Why the Solicitor General Actually Did a Great Job Defending Obamacare --- Why the Supreme Court Justices Won't Be Crudely Political When They Rule on Obamacare --- The Supreme Court will decide on the health-care law soon; It will tell you later --- In Health Case, Appeals to a Justice's Idea of Liberty --- Bad omen for healthcare law: Many comments from the justices --- Can you predict an outcome from Supreme Court justices' questions? --- How To Defend Obamacare --- Ideological Divide Evident as Roberts Court Charts Aggressive Course on Health Care
(DBN)

Broccoli Mandates and the Commerce Clause
(DBN)

Congress' Rough Treatment at Supreme Court
(DBN)

The Supreme Court's legitimacy is at stake
(DBN)

A Court of Radicals
(DBN)

Thornberry: Judges dislike "meddling"
(DBN)

Maneuvering by Chief Justices Can Be Tricky
(DBN)

Feds could close court in Amarillo
(DBN)

The Roberts Court Defines Itself
(DBN)

______________

Wall Street:

Stock index futures signal early gains
(DBN)

Will growth keep the stock rally going?
(DBN)

Stocks' first-quarter performance is the best in years
(DBN)

Facebook Valued at $102.8B in Last Auction
(DBN)

______________

Layoffs:

Unemployment rates drop in 29 states in February
(DBN)

Unemployment Rates, by State
(DBN)

Australia changes policy to attract US workers
(DBN)

States with double-digit unemployment now down to three
(DBN)

Can Popular Job Be Well Paid?
(DBN)

Oklahoma City Leads Large Cities in Job Creation
(DBN)

Another Solid Gain Expected In Payrolls
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Tax:

Switzerland seeks arrest of German tax collectors
(DBN)

______________

Forest Products:

Sino-Forest Files for Bankruptcy Protection --- Starts sale after entering bankruptcy --- Sino-Forest Sues Muddy Waters for $4 Billion
(DBN)

Sino Forest's largest shareholder proposes restructuring plan
(DBN)

Richard Chandler Appoints Team for Sino-Forest Restructure Plan
(DBN)

______________

Baseball:

More questions about Magic Johnson and Dodgers sale --- High price tag on Dodgers nets concerns about wisdom of the deal --- Two Reasons Why The Los Angeles Dodgers Bid Price Isn't Such a Surprise --- The 'Dodgers tax' --- When LA icons converge: Magic Johnson reaches out to Vin Scully --- The Dodgers' new chapter won't come cheap --- Magic proves a point --- Magic for McCourt? It's Dodgers' biggest trade --- $1B Payday for a 'Baseball Bandit' --- No Dodger parking dollars for Frank McCourt --- Another Home Run for the Walloping Wealthy --- Yanks may be worth about $3.3B --- There’s a swing and a swish!
(DBN)

______________

Photography:

Kodak's US loss: $197.6 million
(DBN)

______________

Gambling:

Lawyers say bankrupt tribe owes $235000
(DBN)

Station posts quarterly loss despite increase in revenues
(DBN)

_____________

MF Global:

MF Global Trustee to Return $685 Million to Customers
(DBN)

MF Response to CME Edict Probed
(DBN)

Clients Raise Questions About MF Global Checks
(DBN)

______________

Alternative Energy:

Energy Conversion Devices reports $3.4M loss since bankruptcy
(DBN)

Beacon Power bankruptcy case a 'challenge'
(DBN)

____________

Economy:

Big Part of Consumer Spending Paid by Uncle Sam
(DBN)

5 Conditions that Could Collapse US Economy
(DBN)

Obama Calls On Congress To Pass 'Buffett Rule' Tax
(DBN)

$8 a Gallon Gasoline?
(DBN)

US Consumer Spending Hits 7 Month High
(DBN)

The Rich List Keeps Getting Richer
(DBN)

The Deleveraging Conundrum
(DBN)

Study: No Correlation Between Taxes and GDP
(DBN)

Fed's Low Interest Toxic for the Economy
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Bankruptcy Roulette: The Uncertainty of Distressed Real Estate Valuation in Bankruptcy Court
(DBN)

How The Cities Did in January
(DBN)

Rep and warrant risk relief key to booming MSR movement
(DBN)

Utah developer Terry Diehl files for Chapter 11
(DBN)

Las Vegas: Home price 'promise' eludes valley buyers
(DBN)

_____________

Credit/Debit Cards:

Security breach may have compromised millions of debit and credit cards
(DBN)

______________

Tech:

RIM Charts Risky Survival Plan While Considering Sale
(DBN)

______________

Marketing:

Why Groupon is poised for collapse --- Accounting Issues Hit Groupon
(DBN)

______________

Autos:

Ford rewards Alan Mulally with $29.5M in compensation
(DBN)

The Driver in Ford's Amazing Race
(DBN)

GM CEO Dan Akerson Gets Vocal About Detroit's Financial Crisis
(DBN)

Hundreds Of New Saabs Found At New Jersey Port
(DBN)

______________

Celebs:

The Broke and the Beautiful: Magic Edition
(DBN)

Former NBA Star Antoine Walker Free and Clear
(DBN)

Will Smith in financial trouble?
(DBN)

______________

Municipalities:

Distressed Cities Weigh Bold Tactics in a New Fiscal Era
(DBN)

Harrisburg city's fiscal overseer abruptly quits --- Resigns After Calling for Finance Probes
(DBN)

State-appointed receiver for Harrisburg, Pa., resigns
(DBN)

Detroit Financial Stability Agreement Could Face Legal Roadblocks --- Time for stalling is running out in Detroit --- Showdown in Motown
(DBN)

Alabama county to default by tapping bond reserve
(DBN)

Stockton's Rocky Road
(DBN)

State's pension system elephant in room
(DBN)

Judge sets hearing on request by creditor for Jefferson County to raise its sewer rates
(DBN)

Bankruptcy is not the answer for RI cities
(DBN)

______________

Credit Counseling:

Debt, Credit, Tormentors
(DBN)

______________

Orchestras:

Kimmel Center, orchestra agree on main points of new agreement
(DBN)

______________

Lotteries:

Mega Millions Lottery Could Make You More Likely To Go Bankrupt --- Mega Millions Sells More Than 2 Tickets for Every U.S. Resident
(DBN)

______________

Student Debt:

Law Schools Asked to Double Check: Did They Give ABA Low Numbers on Student Debt?
(DBN)

Congress Considers Proposals To Let Private Student Loans Be Discharged In Bankruptcy
(DBN)

Congress Considers Proposals To Let Private Student Loans Be Discharged In Bankruptcy
(DBN)

Colleges Withhold Transcripts From Grads in Loan Default
(DBN)

For many, student debt never goes away
(DBN)

______________

Energy:

Hedge Funds Ask Court To Oust Dynegy Holdings Management
(DBN)

______________

Tax:

Understand the IRS' Voluntary Disclosure Program
(DBN)

______________

Shipping:

Banks set to decide Torm's fate as capital talks fail
(DBN)

______________

Food/Beverage:

Dallas-based Reddy Ice talks of possible 'prepackaged' bankruptcy
(DBN)

Hostess Serves Up New Batch of Cuts
(DBN)

______________

Resorts:

Judge says suit involving Yellowstone Club against Credit Suisse can continue
(DBN)

______________

Banking:

FDIC Issues 53 Enforcement Actions, Number of Problem Banks Remains Elevated
(DBN)

Fidelity Bank of Michigan Closed By Regulators, Sold To The Huntington National Bank
(DBN)

3 huge American banks are getting ready for a possible downgrade
(DBN - NY Times - Paywall Limit Possible)

______________

Media:

Tribune Says Stations Pulled From DirecTV U.S. Markets
(DBN)

______________

Boating:

Judge dismisses Fountain Chapter 11 case
(DBN)

______________

Turnarounds:

Epiq Systems VP Jennifer Meyerowitz Selected For “40 Under 40” By M&A Advisor Recognition Awards
(DBN)

____________

Politics:

Race between Brown, Warren still tight
(DBN)

Santorum: 'I Have a Great Woman'
(DBN)

______________

Fraud:

Fair Finance trustee attorneys could land bigger jackpot
(DBN)

Pa. Lawyer Is Charged with Mail Fraud in Alleged Ponzi Scheme
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (65 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (30 new filings today)
(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:

Elpida Bidder, Eircom, MF Global UK Cash
(DBN)

Rochelle on American Airlines, Travel Fees, Homesteads
(DBN)

______________

Bankruptcy Statistics:

Albany bankruptcy filings decline by 10 percent
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Stays:

BofA Allegedly Called Debtor 38 Times After He Filed For Bankruptcy
(DBN)

______________

Avoidance Actions:

No State Sovereign Immunity Against Section 544 Avoidance Actions
(DBN)

Delaware Bankruptcy Judge Sontchi Rejects Trustees Argument that Defendant’s Refusal to Sign Critical Vendor Agreement Estopped Defendant from Kiwi Defense
(DBN)

Delaware Bankruptcy Court Limits Section 546(e)in Denial of Citibank’s Motion to Dismiss in Qimonda
(DBN)

______________

Litigation:

How Your iPad and iPhone Can Help With Litigation
(DBN)

______________

Moot Court:

Law student from Fort Myers, team thrive in big city
(DBN)

______________

Debtor's Prison:

Ill. House passes bill protecting debtors
(DBN)

______________

Tax:

Texas jury slaps $195 million penalty on TaxMasters, CEO Cox
(DBN)

______________

Mass Torts:

New judge revamps asbestos court: U.S. Chamber of Commerce applauds end of 'asbestos lawsuit futures market'
(DBN)

Judge eliminates advance asbestos trial setting in Madison County
(DBN)

______________

Aviation:

Pinnacle Airlines Seeks Chapter 11 Bankruptcy Protection
(DBN)

Professionals are sending in their bills in AMR/American Airlines bankruptcy case
(DBN)

American concedes labor deals wouldn't have kept it out of bankruptcy
(DBN)

American Airlines parent AMR tells bankruptcy court that it lost $619 million in February --- Has lost $1.76B since filing for bankruptcy
(DBN)

TWU wants to move American contract negotiations to New York
(DBN)

AMR Still Aiming For Negotiated Union Deals --- AMR Progresses in Talks With Largest Union
(DBN)

Shlachter & Co: American filing shows bankruptcy was likely
(DBN)

TWU wants to talk to a bunch of American Airlines executives and consultants
(DBN)

American says it might cut fewer jobs than planned
(DBN)

Airline Bankruptcy : Learn From Direct Air --- Direct Air advance ticket holders stuck in limbo
(DBN)

Attendants reject US Airways deal
(DBN)

S&P downgrades Hawker rating
(DBN)

Banks Approve Air India Loan Restructuring
(DBN)

______________

Glass:

Court Appoints Unsecured Creditors Committee in Trainor Case
(DBN)

______________

Derivatives:

Sovereign CDS faces overhaul
(DBN)

Derivatives Still Endanger Financial System
(DBN)

______________

UK:

Collyer Bristow facing negligence claim over Rangers FC advice
(DBN)

Retailer Game's UK stores rescued by Comet owner
(DBN)

Boozing British pols may face new Parliament rules after headbutting, punching, and drunkenness go too far
(DBN)

Ex-UK Minister: Europe on Brink of Another Financial Crisis
(DBN)

______________

EU:

Euro zone manufacturing malaise spreads to core
(DBN)

Corporate Bond Risk Falls in Europe, Credit-Default Swaps Show
(DBN)

Is the euro already dead?
(DBN)

______________

PIIGS:

Ireland revolts over new property taxes
(DBN)

ie: Solicitor Brian O'Donnell and wife file for bankruptcy
(DBN)

Portuguese face crushing debt
(DBN)

Portugal: No more austerity?
(DBN)

Greece hold-out chances get surprise boost
(DBN)

______________

Africa:

The case for a legal framework in Zambia for cross-border insolvency
(DBN)

______________

MENA:

Arcapita hires restructuring firm Alvarez & Marsal
(DBN)

Dubai Shipbuilder Wins Debt Restructuring Support
(DBN)

Dubai's Drydocks goes to court to force creditors in line
(DBN)

______________

Vietnam:

Vietnam jails ex-Vinashin execs over near-bankruptcy
(DBN)

______________

Singapore:

Singapore Home Prices Fall for First Time in Almost 3 Years
(DBN)

______________

Taiwan:

Taiwans' pig farmers expect mass bankruptcy by October
(DBN)

______________

China:

First renminbi default looms
(DBN)

______________

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.

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" notation. The cost of a subscription is $58/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.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

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.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
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). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012