April 3, 2012

The Daily Bankruptcy News

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Law:

Non-Lawyer Ownership: Nonstarter or Start of a Global Shift?
(DBN)

Clifford Chance, Cadwalader, Maples, Skadden: Business of Law
(DBN)

Law Firm Mergers Holding Steady Through First Quarter of 2012
(DBN)

Merger Madness — for Six Quarters Running
(DBN)

A Year After Fla. Foreclosure King’s Law Firm Collapsed, Many Cases are Still Sputtering or Stalled
(DBN)

Dewey & LeBoeuf: Story getting harder to milk for angles
(DBN)

Securities lawyers beware: The SEC may be coming after you
(DBN)

No Sanction for Lawyer Who Told Billionaire ‘I’m Not a Busboy’ in Filed Deposition
(DBN)

Dickstein Shapiro: It Was the Best of Times, It Was the Worst of Times
(DBN)

When Your Professor Doesn’t Make You Buy the Whole Book
(DBN)

Yale to Everybody Else: Stop Scamming People
(DBN)

Judge Stays Duncan Law Litigation, Denies School’s Motion for Reconsideration
(DBN)

Law School Transparency: Second prize is a set of steak knives
(DBN)

The Practice: Growing
(DBN)

JP Morgan Lawyer Rejoins Brooklyn U.S. Attorney’s Office
(DBN)

Initial state attorney in Trayvon Martin case 'outraged by outright lies'
(DBN)

Supreme Court: immunity for false witness grand jury testimony
(DBN)

Supreme Court upholds jail strip searches, including for minor offenses
(DBN)

Attorney Shawn Holley was a steady presence in the star's courtroom saga, and perhaps, to some extent, in her life
(DBN)

Associate Gets 2-Year Suspension for Billing Clients for Work That Wasn’t Performed
(DBN)

Announcing iPad Apps in One Hour for Lawyers
(DBN)

Jerks at Work: How to Deal with Difficult Colleagues
(DBN)

Market difficulties don't deter U.S. firms from expanding in China
(DBN)

Marty Steinberg is "Highly Coveted"!
(DBN)

Why Lawyers Can’t Get Dates
(DBN)

Now 23, Young Woman Says She Made Up Testimony That Put Her Dad in Prison in 2002
(DBN)

Running
(DBN)

______________

Judges:

Obama takes a shot at Supreme Court over healthcare --- Carter Phillips Talks About the Obamacare Arguments --- Sotomayor gives no hints on health care decision --- Conservatives should be careful about celebrating the end of the Affordable Care Act
(DBN)

Justices’ Cerebral Combativeness on Display in Health Law Hearings
(DBN - NY Times - Paywall Limit Possible)

Leo Strine: Sharp-tongued judge has a nose for ‘hinky’ boardroom behavior
(DBN)

NYS administrators to reverse cuts in courtroom hours
(DBN)

Judge cleared of misconduct, but court hiring practices criticized
(DBN)

Facing Criticism From Verizon, D.C. Judge Changes Opinion
(DBN)

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Wall Street:

US stock index futures slightly lower
(DBN)

US Stocks Climb To Multiyear Highs After Manufacturing Data
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Pink slime bankruptcy: After the backlash, what's next for beef? --- AFA Foods Files Citing 'Pink Slime' Coverage --- GE, BofA to Provide DIP Loan --- Slimed! --- I've Been Lobbied! Intense Efforts to Save Pink Slime's Reputation
(DBN)

S&P cuts Reddy Ice to 'CC' from 'CCC+'
(DBN)

Cagle's Seeks Court Permission to Sell Assets
(DBN)

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Alternative Energy:

Solar Trust of America files bankruptcy --- Fox Nation Falsely Suggests "Taxpayers Lose $2 Billion" On Solar Trust --- California solar project in doubt
(DBN)

Solar company bankrupt despite 'win-win' DOE loan
(DBN)

Solar Millennium's US Units File for Bankruptcy Protection
(DBN)

Developer of 1000-MW Blythe Solar Project Files for Chapter 11
(DBN)

German solar company Q-Cells to go into bankruptcy after restructuring plan dropped
(DBN)

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Accounting:

Plaintiffs argue Beakley's bankruptcy filing violated receivership order
(DBN)

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MF Global:

MF Global judge weighs release of insurance money
(DBN)

MF Global "Personhood" Case: Invited to Occupation DC Event
(DBN)

MF Global bosses must break their silence
(DBN)

JPMorgan Chase Knew MF Global All Too Well
(DBN)

MF Global sent checks instead of wire transfers --- Clients Raise Questions --- Evidence of fraud
(DBN)

MF Global's Distribution Plan Draws Trustee's Criticism
(DBN)

Judge OKs MF sale
(DBN)

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Health Care:

Three Examples of Successful CCRC Turnarounds
(DBN)

Countries That Spend the Most on Health Care
(DBN)

GOP Proposed Health Mandate First
(DBN)

Northern Michigan hospital closing its doors --- Sale to McLaren stopped, CMH to close its doors today
(DBN)

______________

Politics:

Report: Rick Perry used pain killers to get through debates
(DBN)

______________

Ethanol:

Bankruptcy judge approves schedule for Levelland ethanol plant auction
(DBN)

______________

M&A:

The fifth annual MACD awards
(DBN)

______________

Private Equity:

Distressed PE gains most since December 2000
(DBN)

______________

Economy:

Stocks, oil rally after US manufacturing data
(DBN)

President says Republican-backed cuts will end the American dream
(DBN)

Oil Below $105 Amid Mixed Global Economic Signs
(DBN)

Denmark Ranked 'Most Happy'
(DBN)

33 The Happiest Age
(DBN)

US economy contrasts with eurozone
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Complaint By US, States Against Major Banks For Improper Servicing, Bankruptcy Misconduct In Mortgage Loans
(DBN)

Is Mortgage-Debt Forgiveness Worth the ‘Moral Hazard’?
(DBN)

Ex-Fannie CEO urges that SEC fraud case be tossed
(DBN)

Bow to Stern
(DBN)

Foreclosure reforms to widen
(DBN)

Messing With The Market...Again
(DBN)

Judge throws out bankruptcy of foreclosure mogul Brunner
(DBN)

GFI Mortgage Bankers Sued by US for Discriminatory Lending
(DBN)

J.P. Morgan Revives Sales of Distressed Commercial-Mortgage Bonds
(DBN)

Ambac Sues JPMorgan Over Mortgage Losses
(DBN)

Uncertain future for Tribeca building
(DBN)

Swig’s 25 Broad Street to hit foreclosure auction block with $338M lien
(DBN)

Private Mortgage Bond Market Shows Signs of Life
(DBN)

Hoarder Evicted For 6th Time After Leaving Tons Of Trash, Human Waste In Apartment
(DBN)

_____________

Corporate Reform:

CFTC Alleges 'Massive' Trading Scheme by Royal Bank of Canada --- Sham trades --- "Wash Trades" Seeking Tax Benefit
(DBN)

'Clowning' around costs GSA chief her job
(DBN)

______________

Credit/Debit Cards:

Visa drops US payment handler after breach
(DBN)

______________

Aviation:

Court battle to reject AA's union contracts begins on Monday, April 23
(DBN)

Allegiant to charge passengers for using bin space
(DBN)

Frontier Airlines to discontinue complimentary chocolate chip cookies
(DBN)

Fly Me to the Moon for $9, Plus $1.2 Billion in Airline Fees
(DBN)

USW to Demand Accountability in Pinnacle Airlines Restructuring
(DBN)

Airline industry has forced Pinnacle, other regional carriers to restructure operations --- Pinnacle Plans To “Wind Down” Turboprop Flying --- A hidden airline goes bankrupt
(DBN)

Hawker Beechcraft problems intensify
(DBN)

Report: Top US airlines performed well in 2011
(DBN)

Flight Attendant Union Prepared to Protect Mesaba Flight Attendants Through Airline Bankruptcy
(DBN)

Employee concessions part of Pinnacle Airlines bankruptcy plan --- Financial woes may ground Pinnacle plan --- Receives $74.3MM DIP Loan
(DBN)

______________

Magazines:

Baltimore Jewish Times publisher sold at bankruptcy auction --- Owners of Washington Jewish Paper Acquire Baltimore Jewish Times
(DBN)

______________

Television:

DIRECTV Files Complaint with FCC Questioning Control of Tribune Broadcasting Company During Bankruptcy
(DBN)

Finance firms slammed for Tribune disappearing from DirecTV --- DirecTV Asks Who Makes Decisions at Tribune as Blackouts Extend
(DBN)

______________

Finance:

Choices Shrink For Subprime Set
(DBN)

______________

Fraud:

Madoff Trustee Files Lawsuits Seeking Return Of $54 Million
(DBN)

Koch Brothers Seek New Judge for Madoff Suit
(DBN)

Judge upholds $72M CyberNET ruling against Huntington - Bank turned blind eye toward fraud
(DBN)

Lawsuit over Ponzi scheme seeks $1 billion from M&I
(DBN)

Teen Challenge is asked to give back $2.3 million in Petters gifts
(DBN)

______________

Student Debt:

Senior citizens owe billions in student loans
(DBN)

As student loan debt increases, so does repayment misery
(DBN)

Recovery threatened by runaway student loan debt
(DBN)

______________

Banking:

$50,000,000+: Wells Fargo opens business for the ultra-wealthy
(DBN)

Crisis Just Goes with the Territory
(DBN)

______________

Personal Finance:

Winner won't share $105M jackpot with McDonald's co-workers
(DBN)

______________

Autos:

Trying to Resuscitate Saab --- Receivers expect bids unlikely to cover Saab debt
(DBN)

Saab Auto Receivers Sees Total Debts At SEK12 Billion To SEK13 Billion
(DBN)

______________

Consumer Finance:

FTC says payday lenders broke federal regulations
(DBN)

______________

Marketing:

Velo Holdings files for Ch.11 bankruptcy
(DBN)

______________

Financial Privacy:

Why Aren't Companies Better Prepared for Data Breaches?
(DBN)

______________

Corporate Governance:

SEC's risk monitors home in on boards
(DBN)

______________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (102 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (74 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:

The Bankruptcy Files: 'Pink Slime,' Sino-Forest, and Pinnacle
(DBN)

Titanic Two Championship Bankruptcy Bracket
(DBN)

______________

Bankruptcy Statistics:

Second bankruptcy explosion expected after Election Day
(DBN)

Northern OH bankruptcy filings decrease
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Discharge:

Florida Case Provides Textbook Example of How to Handle a Discharge Violation
(DBN)

______________

Sales:

Summary of Petitioners’ Brief in RadLAX Gateway Hotel, LLC v. Amalgamated Bank
(DBN)

U.S. Supreme Court: U.S. Solicitor General May Take Part In RadLAX Arguments
(DBN)

______________

Plan Confirmation:

Delaware Bankruptcy Court Confirms Lenders in Multiple-Level Financing
(DBN)

______________

Avoidance Actions:

Trustee's Preference Complaint Gets Iqbal-ed
(DBN)

Debtor Wants Its Money Back From Google
(DBN)

______________

Accounting:

Deloitte to Acquire CRG Partners, Building Firm s Turnaround Services
(DBN)

______________

Baseball:

Dodgers say they've spent $20 million on bankruptcy case
(DBN)

Should we be worried about Guggenheim Partners owning the Dodgers?
(DBN)

They paid $2.5 billion for what?!
(DBN)

______________

Shipping:

Trailer Bridge emerges from bankruptcy
(DBN)

______________

Municipalities:

Report Finds Bankruptcy Might Not Solve Cash-Strapped Cities’ Problems
(DBN)

Moody's cuts ratings on Alabama's Jefferson County
(DBN)

Bankruptcy buzz: Lawmaker to propose new JeffCo occupational tax
(DBN)

Alabama Lawmakers Have 15 Days to Find County Bankruptcy Fix
(DBN)

State to audit Stockton's finances
(DBN)

Stockton, AB 506, and the State Controller
(DBN)

As Detroit plays 'Let's Make A Deal,' which door will it choose?
(DBN)

Gov. Chafee holds finance meeting
(DBN)

Providence mayor severs ties with Flanders
(DBN)

______________

Forest Products:

ISDA Accepts Query On Potential Sino-Forest Bankruptcy Credit Event
(DBN)

Rising Tiger? Economic Questions Plague Chinese Timber Giant
(DBN)

Richard Chandler appoints team for Sino-Forest restructure
(DBN)

______________

Retailing:

RoomStore Looks To Start New Round Of Store-Closing Sales
(DBN)

RoomStore likely to sell all 10 Texas stores to one suitor
(DBN)

______________

UK:

Pre-pack reforms put on ice
(DBN)

Study shows one in eight Scottish clubs is in a 'distressed state'
(DBN)

______________

EU:

European Banks Master the Art of Deception
(DBN)

Euro-Zone Jobless Picture Darkens
(DBN)

Spectre of 1930s haunts Europe's periphery
(DBN)

______________

PIIGS:

'Island of the Blind' Riles Greek Public Facing Austerity
(DBN)

Greek Economy to Shrink by 5% in 2012, Says Think Tank
(DBN)

Greece: Potato Movement Takes Root as Recession Bites
(DBN)

Greek tax collectors hit back over corruption charges
(DBN)

PMI Data Places Spain in the Spotlight
(DBN)

Spain’s Pain Is Not the Solution
(DBN)

______________

MENA:

Drydocks creditors seek detail on debt deal --- Historic debt deal for Drydocks World
(DBN)

Dubai World Tests New Insolvency Law For Its Shipbuilding Subsidiary --- Twin debt filings by Dubai Drydocks
(DBN)

Top Bahrain firms warn of bankruptcy
(DBN)

______________

Argentina:

Argentine president dismisses 'absurd' UK claim to Falklands
(DBN)

______________

Brazil:

Rede Energia to Renegotiate Bonds as Part of Restructuring
(DBN)

______________

Finland:

Finland's GeoSentric says to liquidate
(DBN)

______________

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Copyright 2012