February 1, 2012

The Daily Bankruptcy News

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Law:

Lateral hiring binge driven by desperation, not a thriving economy --- Law Firms Resume Poaching Partners in Tough Market --- Lateral Activity Bounces Back to Pre-Recession Levels
(DBN)

During the recession they were a dime a dozen, but now midlevels are in demand, firms and recruiters say --- The most important lateral moves in 2011
(DBN)

Kasowitz nearly doubles its size and adds new practice groups
(DBN)

State of the Market – Atlanta
(DBN)

Kaye Scholer Sees Revenue, Profits Dip
(DBN)

Revenue Up, Profits Down Slightly at Cadwalader
(DBN)

Davis Wright Tremaine Adds Bankruptcy Partner In Los Angeles
(DBN)

Quinn Emanuel hikes UK revenues by 75% as London growth continues
(DBN)

Thompson & Knight elects first female managing partner
(DBN)

Suing the Government? Call Scalia!
(DBN)

Extremely Loud and Incredibly Deep
(DBN)

Apparently They Don’t Brand for Prestige
(DBN)

Slaughters takes MF Global dispute role; court docs reveal hourly rates
(DBN)

With Trustees in Place, Big Bankruptcy Billers Line Up to Feast on MF Global Fees
(DBN)

One-year anniversary of Howrey's dissolution approaches
(DBN)

The Billionaires' Lawyer
(DBN)

Can Jobless U.S. Law Grads Find Work in Britain?
(DBN)

How to Succeed in Law School Without Really Trying? Make a College Kid Do Your Work
(DBN)

How Much for an Ivy-Educated Scribe?
(DBN)

Lawyers, Port-a-Potties Have a Lot in Common
(DBN)

Nixon Peabody Isn’t Shy About Its Hiring of an Outsourcing Company
(DBN)

Simpson Thacher snapped up practice heads from Freshfields and Linklaters for its Hong Kong law debut
(DBN)

Federal Judge OKs Suit by Ex-Associate and Counterclaim by Mayer Brown --- What’s Going On With Mayer Brown’s Title VII Suit?
(DBN)

10 Lawyers Leap to Hughes Hubbard, Leaving 1 Partner in SNR Denton’s Paris Office
(DBN)

Claiming Conflict, Google Seeks Pepper Hamilton’s Disqualification
(DBN)

BP, Cabot, JPMorgan, Commerzbank, Morgan Stanley in Court News
(DBN)

Issa threatens Eric Holder with contempt
(DBN)

Lawyerly Lairs: The 99 Percent Edition
(DBN)

Law School Stockholm Syndrome
(DBN)

Before You Feel Anxiety About Your Grades…
(DBN)

Facebook is charging 'stratospheric' attorney fees, Paul Ceglia says
(DBN)

Some NY Law Firm Reps Said to Be Clueless as FBI Warned of Hackers Seeking Corporate Data
(DBN)

Velocity: A Lawyer's App that's Faster than a Speeding Bullet?
(DBN)

Mug Shots
(DBN)

This Seems Like A Perfectly Reasonable Policy To Us
(DBN)

Teaching Citizens to Heel: Park Ranger Reportedly Tasers Man Walking Small Dogs Off Leash
(DBN)

Say What?!
(DBN)

Inmate's alleged escape plan included note to jailers not to take it "personal"
(DBN)

Sleeping It Off?
(DBN)

Man Calls for Police Backup in Gunfight
(DBN)

______________

Judges:

Advice To Supreme Court: Communicate More, But Be Concise
(DBN)

A Court Gone Rogue
(DBN)

Judge reprimanded for third time in five years
(DBN)

Judge Takes Witness Stand At His Own Trial
(DBN)

______________

Wall Street:

Stock index futures signal gains
(DBN)

Stocks Fall at Close of Banner Month
(DBN)

______________

Layoffs:

CBO says real unemployment at 10%
(DBN)

CBO: Unemployment Could Top 9 Percent in 2013
(DBN)

Determining Why People Stop Working Is Key
(DBN)

Florida the worst place to lose a job?
(DBN)

Jobs recovery may be running out of gas
(DBN)

Republicans, Democrats Favor Tax Breaks to Win Back U.S. Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

American to reveal its survival plan today
(DBN)

Feds pressure American Airlines to save pensions --- US agency: AMR will seek to end worker pensions --- What will happen to employee pensions? --- PBGC files liens on American assets as the carrier didn't make its full pension payment in Jan.
(DBN)

AMR Posts $904 Million December Loss in First Bankruptcy Report --- AMR has $4 billion available as of Dec. 31
(DBN)

TWA pilots want their own committee in American Airlines bankruptcy case
(DBN)

AMR Poised to Start Labor Talks With 10,000 Job Cuts Possible --- AMR bankruptcy: Unions demand business plan, standards for executive pay
(DBN)

AMR Shareholders Will Get Zero In Any Takeover Deal
(DBN)

Spanair calls for voluntary bankruptcy and prepares the mass layoff of its 2,065 workers --- Airlines Rescue Stranded Spanair Passengers
(DBN)

Hungary's Malev Seeks Plan to Keep Flying --- Malev under bankruptcy protection
(DBN)

Are Europe's airlines about to crash?
(DBN)

______________

Agriculture:

ADM profit plummets, cuts capital spending plans
(DBN)

_____________

Pensions:

House panel to examine financial health of PBGC
(DBN)

______________

Autos:

GM Settles Old Co's Environment Liabilities For $23.8M
(DBN)

Departing Ford Exec Led Auto Changes
(DBN)

Dealers trying to push Saab NA into bankruptcy
(DBN)

______________

Lehman:

Lehman Seeks To Start Paying $10.7 Billion To Creditors Soon
(DBN)

______________

Alternative Energy:

Attorney: Solyndra Still Open to Turnkey Bids
(DBN)

White House: GOP probing Solyndra for 'political advantage' --- Contempt of Congress vote under consideration
(DBN)

______________

Mass Torts:

US district court approves WR Grace's reorganization plan
(DBN)

Garlock Sealing Allowed to Add $16 Million to Pension Fund
(DBN)

Halliburton wins ruling vs BP over Gulf oil spill --- BP Must Indemnify Halliburton on Direct Damages, Not Punitives, Judge Says
(DBN)

The multibillion-dollar damages trial over the Gulf oil spill is going to get nasty
(DBN)

______________

Religion:

Victims caught up in Milwaukee's 'shell game'
(DBN)

Sale of Crystal Cathedral delayed
(DBN)

______________

Newspapers:

Lee emerges from bankruptcy
(DBN)

_____________

Steel:

'Stalking horse' emerges in Isaacson bankruptcy
(DBN)

______________

Financial Advisors:

Starting Over After A Bust
(DBN)

______________

Economy:

Home prices drop, consumers turn gloomier
(DBN)

Federal Deficit to Shrink to $1.1 Trillion
(DBN)

The Biggest Holders of US Government Debt
(DBN)

Federal taxes to jump 30% in 2 years
(DBN)

The Facts On Tax Rates: Who Pays What
(DBN)

US confident (or not)
(DBN)

S&P Warns of Cuts; Another US Downgrade Coming?
(DBN)

December U.S. factory growth revised lower
(DBN)

The Richest Members of the Federal Reserve
(DBN)

Fed official owned shares of bailed out firms
(DBN)

Fat Lady Has Yet To Sing For TARP -- Taxpayers still owed $133 billion --- CBO: TARP Spending Will Be $61 Billion More in Fiscal 2012 --- President Bush bailed out banks, not Obama
(DBN)

Economic developments around the globe
(DBN)

Kevin O'Leary: You're going to see sub-3% GDP growth in the West for the rest of your life
(DBN)

Inequality: These Two Neighborhoods Exemplify The Growing Divide In White America
(DBN)

What A Chart Of Bottled Water Tells You About The US Economy
(DBN)

The 5 Scariest Debt And Unemployment Charts From The CBO Report
(DBN)

Greenberg Amends Suit Seeking U.S. Compensation for AIG Takeover
(DBN)

It's the Economy, and CEO Pay, Stupid
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Ally Financial takes charge for expected foreclosure penalties --- Puts away $270 million for potential foreclosure fines
(DBN)

Foreclosure claims dominate CFPB mortgage complaints
(DBN)

US Mortgage Applications Dipped Last Week: MBA
(DBN)

Current Mortgage Rates for Tuesday, January 31, 2012
(DBN)

Is Now The Time For A Young Person To Buy A Home?
(DBN)

America is becoming a nation of renters
(DBN)

Florida's Housing Crisis: No One to Help
(DBN)

In Atlanta , Housing Woes Reflect Nation's Pain
(DBN)

The NPR witch hunt of Freddie Mac
(DBN)

Freddie Mac and the inverse floaters, cont.
(DBN)

S&P/Case-Shiller: No Sign of Home Price Turnaround --- Home prices decline for a third straight month --- Home prices hit "post-bubble lows" with few signs of a turning point
(DBN)

Homeownership rate falls to 14-year low --- Housing: Buyer's Market, But Even Fewer Want to Buy
(DBN)

No Hope For Recovery As Housing Falls Deeper Down The Rabbit Hole
(DBN)

Housing Recovery Seeds Planted, Economist Case Says
(DBN)

Illinois Housing Costs Tumble To 2001 Levels --- Atlanta home prices hit 13-year low --- Where Housing Prices Are on the Rise
(DBN)

Obama's Mortgage Task Force: A Triumph of Politics?
(DBN)

Bank hopes to evict man who used squatter's rights law to claim $340,000 home
(DBN)

Builders fall but still head for strong January
(DBN)

Judge deals setback to Maryville developer Mike Ross
(DBN)

Raleigh developer files for $66M bankruptcy
(DBN)

Gunstream arrested on two counts of felony grand theft
(DBN)

Is Freddie Mac Betting Against the American Homeowner? --- Freddie Mac Places Multibillion-Dollar Bets Against Homeowners --- Treasury Investigates Freddie Mac Investment --- FHFA, White House Downplay --- Homeowners in 'financial jail,' and Freddie Mac profits --- Casey says Freddie Mac investments conflict with mission ---Boxer Criticizes Freddie Mac
(DBN)

McCain Pushes Ban on Fannie, Freddie Bonuses
(DBN)

CBO slashes cost of Fannie, Freddie over next decade
(DBN)

Marine Fights Freddie Mac to Save His Home
(DBN)

Will the White House Move the 'Boulder' on Principal Write-Downs? --- Treasury pushes for principal reductions on mortgages
(DBN)

What's in the Latest White House Proposals on Housing?
(DBN)

Online Foreclosure Notices Fail in House Committee ‎
(DBN)

CRE loans backing CMBS gain value, but cause alarm
(DBN)

_____________

Fraud:

U.S. expands case against Rajat Gupta --- Gupta Joined Goldman Board Call From Galleon's Office, US Says
(DBN)

Testimony continues in trial of R. Allen Stanford --- Stanford Used Investor Funds for Lavish Resort, Prosecutor Says
(DBN)

Ex-worker says Stanford lavishly spent on projects
(DBN)

Preacher on financier's staff, court hears
(DBN)

TD Bank to take $255M charge
(DBN)

Congress Exempt from Many Laws
(DBN)

Ex-Credit Suisse Workers Said to Face Charges Over CDO Pricing
(DBN)

Perfect Hedge: 56 found guilty of insider trading
(DBN)

2 GOP Senators actually voted against the Congressional insider trading bill
(DBN)

______________

Tax:

IRS tax fraud crackdown targets identity thieves --- Stops $1.4 billion in bad tax refunds
(DBN)

More Americans Say It's OK to Cheat on Taxes
(DBN)

______________

Media:

Inner City Media Parent Sues Lenders In Trademark Dispute
(DBN)

______________

Retailing:

Amazon's Sales Miss Estimates, Profit Drops 57%
(DBN)

CIT keeping Sears on a short leash
(DBN)

Is This Finally the End of Sears?
(DBN)

Is J.C. Penney the future of retail?
(DBN)

Esprit says on track to close N.America stores
(DBN)

______________

Protests:

Judge: Occupy DC must get notice before eviction
(DBN)

Occupy camp crackdown in D.C. and Charlotte, N.C.
(DBN)

______________

Museums:

Slavery Museum accountant: no fund discrepancy
(DBN)

______________

Food/Beverage:

Pizza chain Sbarro names new CEO, Chairman
(DBN)

Restaurant Performance Index highest in almost six years in December
(DBN)

______________

Health and Beauty:

American Laser Centers Wins Court Approval of Aseet Sale to Versa Unit
(DBN)

______________

Shipping:

Hanjin's 2011 Container Losses Hit $487 Million - Carrier is first of many expected to report heavy losses for year
(DBN)

______________

Financial Literacy:

Two Designers' Bright Idea Just Might Improve Our Financial Literacy
(DBN)

______________

Celebs:

Tracy Morgan's Mom Is Getting Foreclosed On And He Refuses To Pay Off Her Mortgage
(DBN)

______________

Politics:

Elizabeth Warren hits Scott Brown over Buffett Rule ‎
(DBN)

Gingrich: 'Long Way From Being Over'
(DBN)

Newt Gingrich Is Telling A Horrible Lie To Florida's Old Jewish Voters
(DBN)

Newt Gingrich loses Florida — and reminds us why
(DBN)

Is Joe Biden Ever Right?
(DBN)

Romney's High-Finance Political Donors Named
(DBN)

Romney to Receive Secret Service Protection
(DBN)

Florida voters lift Romney on electability
(DBN)

Rove Political Groups’ $51 Million Erases Democrats’ Advantage
(DBN)

Study: GOP, Democrats Not that Far Apart
(DBN)

______________

Health Care:

Dispute over storing Saint Vincent patient records
(DBN)

Salinas Valley Memorial reveals exec retirement payouts over $1M
(DBN)

______________

New Bankruptcy Opinions
(No 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:

MF Global, Natura World, Museum, Tribune
(DBN)

Weil Takes Pulse of Restructuring World in Annual Survey: 'Keep Calm and Carry On' --- Weil Restructuring Outlook Survey: 2012 Results
(DBN)

Rochelle on Dynegy, PMI, Syms, Core Jurisdiction
(DBN)

______________

Bankruptcy Statistics:

Richmond sees a drop in bankruptcies
(DBN)

Business bankruptcies fall 16 percent in NJ
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Conversion:

Debtor Asserts Concepts Of Slavery And Peonage To Try To Avoid Chapter 11 Bankruptcy
(DBN)

______________

Photography:

Mama Don't Take My Kodachrome Away!: Kodak's Chapter 11 -- A Bridge Over Troubled Water
(DBN)

Lawsuit takes aim at Kodak --- Lawsuit says Perez, board cost Kodak retirement plans millions
(DBN)

Banks, Hedge Funds Disclose Kodak Debt Holdings
(DBN)

______________

MF Global:

MF Global's missing money traced: report --- After a Delay, MF Global's Missing Money Is Traced --- Probe Learns What Happened To MF Global Cash
(DBN)

MF Global Lowered European Risk in August, Risk Officer Says ---
MF Global Risk Chief Once Saw Euro Bets As 'Acceptable' --- Urged Caution on Trades
(DBN)

Obama's 'bundled' up with Corzine
(DBN)

How CFTC missed MF --- O'Malia says agency took its eye off the ball
(DBN)

MF Has Distributed $3.8B to Date: Trustee
(DBN)

______________

Insurance:

S&P lowers ratings on three mortgage insurers
(DBN)

Insurers fail to slip the hook for MGA's Bratz litigation costs
(DBN)

______________

Municipalities:

Federal judge allows contempt motion to continue against Jefferson County despite its bankruptcy
(DBN)

California at Risk of Running Out of Money by March
(DBN)

Top 10 turnaround towns
(DBN)

______________

Private Equity:

The Economist Blasts Private Equity Firms
(DBN)

Private Equity Works on Its Image Problem
(DBN)

______________

Securitization:

A Debt Market's Slow Recovery Is Burdened by New Regulation
(DBN)

______________

Corporate Governance:

Chancery Explains Basis for Fiduciary Duty Default Standards Applicable to LLC
(DBN)

More On The IndyMac Business Judgment Ruling
(DBN)

______________

Cruise Ships:

The world’s largest cruise line says reservations have dipped in the weeks following accident
(DBN)

Italy ends search for those missing in shipwreck --- Costa Concordia no longer safe to dive
(DBN)

Costa Concordia passengers sue cruise company for $460m
(DBN)

______________

Corporate Reform:

GOP senators berate new consumer financial protection chief over his recess appointment
(DBN)

Cordray mum on qualified mortgage rule due by this summer
(DBN)

______________

Litigation:

Maybe You Should Prepare Your 30(b)(6)Witness?
(DBN)

Appeals court adopts discovery standard, faults EchoStar's email deletion
(DBN)

Microsoft Deputy GC Examines E-Discovery's Impact on Global Ethics
(DBN)

Quietly, U.S. Moves to Block Lawsuits by Military Families
(DBN)

7 Deadly Sins of Document Review
(DBN)

______________

Arbitration:

Arbitration Double Standards
(DBN)

______________

Banking:

758 banks at risk of failing
(DBN)

______________

Llama:

Feds auction off llama herd
(DBN)

______________

UK:

Former RBS boss Fred Goodwin stripped of knighthood --- Rogues stripped of their honours --- Lightning rod for public anger over bank excess --- Knighthood 'hysteria' criticized --- Backlash --- Why should we stop with Goodwin? --- A Watershed as UK Gets Tough on Banks
(DBN)

People to poor to go bankrupt: Fees are barrier to bankruptcy
(DBN)

______________

EU:

Who Stands to Gain From Czech Rejection of EU Fiscal Pact?
(DBN)

Europe's debt crisis: Where things stand
(DBN)

Euro Holds Drop on Greek Debt Talks, Before Portuguese Auctions
(DBN)

European stocks rally on fresh Greek optimism
(DBN)

Cup Flows Over for German Labor Market
(DBN)

Thanks, but No Thanks Says Sarkozy to Merkel
(DBN)

Fiscal Pact Will Undermine the Euro
(DBN)

Europe just held its 16th summit in two years - and actually agreed on something
(DBN)

Will Germany Sacrifice Itself for Euro?
(DBN)

Germany, Greece, and the conspiracy of the technocrats
(DBN)

Eurozone jobless rate hits record high --- 'Draconian' Austerity Pushing Up Euro Jobless Rate?
(DBN)

Euro-Region Manufacturing Output Shrinks Less Than Estimated
(DBN)

______________

PIIGS:

Greek Bondholders Said Set to Get GDP Sweetener in Debt Swap --- Greece lands crucial debt deal with private creditors --- Investors face more than 70 pct loss --- PSI deal just a 'formal step' away
(DBN)

Frau Merkel is losing her grip on Greece
(DBN)

Greek Loan Deal Processes Must Be Done by Feb. 5, Venizelos Says
(DBN)

ECB's awkward Greek problem --- ECB Involvement Is Now Make Or Break Condition Of Greece Debt Deal --- Greek debt accord requires c.bank involvement - sources
(DBN)

Greece Fights for Second Bailout --- Greece must pledge tough reforms for debt swap deal
(DBN)

Greek officials attack EU and IMF as debt talks stall
(DBN)

IMF's Thomsen says must be limit to Greek fiscal pain
(DBN)

Greece Sees Record Rise in Unemployment in 2011 --- Chart
(DBN)

Emergency Meeting Called In Greece, New Sign Bailout May Be In Trouble
(DBN)

Another Greek Crisis: A Drug Shortage
(DBN)

Irish Plan Won't Trigger Mortgage 'Default Tsunami,' Glas Says
(DBN)

Portuguese Bond Yields Fall in Solid Auction
(DBN)

______________

Canada:

Canadian foamer Domfoam files for bankruptcy protection
(DBN)

Canada Faces Subprime Mortgage Risk
(DBN)

Catalyst Paper to seek court-ordered creditor protection
(DBN)

______________

China:

IMF Plays Down Risk of China Hard Landing
(DBN)

______________

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Copyright 2011