February 14, 2012

The Daily Bankruptcy News

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Law:

Perk Watch: Deterring Dependents
(DBN)

Am Law 100, the Early Numbers
(DBN)

And Now We Have Staff Cuts in the Legal Services Market
(DBN)

Is Baker & McKenzie Closing in San Diego?
(DBN)

Top trial lawyer departs Dechert for Weil, Gotshal
(DBN)

Crowell Loses Financial Services, International Arbitration Practice Leaders
(DBN)

Willkie Farr and Dorsey become latest US firms to post steady 2011 revenues
(DBN)

Perkins Coie Surges to Double-Digit Gains in Revenue, Profits
(DBN)

Facebook IPO Documents Show GC in Top 5 Earners
(DBN)

Roger Aaron, deal lawyer at Skadden, dies at 69 --- Another M&A Behemoth Passes
(DBN)

DC Is the Place to Be for Law Firms
(DBN)

Sanctions Sought for Law Firm Accused of Using Inadvertently Produced Info to Solicit New Clients
(DBN)

In-House: Setting Performance Objectives
(DBN)

The Use and Value of Social Media by Lawyers
(DBN)

A General Counsel's View on the 2012 Davos World Economic Forum
(DBN)

An In-House View of Diversity in the Legal Profession
(DBN)

Time To Pay More For The Same Education: It’s Tuition Hike Season
(DBN)

Law School Transparency: Trap schools --- The kind of thing that gives anti-intellectualism a good name
(DBN)

Federal Court Appoints Lawyer to Sue Employer Who Allegedly Fired Woman on Jury Duty
(DBN)

January Lawyer of the Month: The Queen of Mean
(DBN)

"Brazen Scam" Results In Disbarment
(DBN)

Bear Stearns, Deutsche Bank, Apple, Transocean, Avon in Court News
(DBN)

Man Arrested For Stealing Up To $25,000 In Laundry Detergent
(DBN)

Student Arrested For Frying Roommate’s Pet Hamster
(DBN)

Police Caught A Fugitive Drug Dealer After He Posted Photos On Facebook Of Himself At London Hotspots
(DBN)

Police pay visit to man who shot daughter's laptop over Facebook post
(DBN)

Seduction in the Office
(DBN)

Fugitive Caught Posing With Obama Waxwork
(DBN)

Pennies raise the ante in road rage incident
(DBN)

Pilgrimage to the Job God
(DBN)

Say What?!
(DBN)

______________

Judges:

Bankruptcy chief judge stresses cooperation
(DBN)

Judge in Gulf oil spill trial can handle the numbingly complex trial ahead, colleagues say
(DBN)

Thousands of People Rally for Famous Spanish Judge After He Is Banned from the Bench
(DBN)

Judge Resigns After Being Filmed Sleeping During Critical Hearing
(DBN)

How to Destroy Your Career As a Court Employee
(DBN)

Judge busted for quashing own traffic tickets
(DBN)

Supreme Court justice, wife robbed in Caribbean --- Masked Man with Machete In Caribbean Vacation Home
(DBN)

CM/ECF To Public: Brother, You Must Now Spare a Dime.
(DBN)

Former Prosecutor and Current Judge Faces Court of Inquiry Over Alleged Misconduct Leading To Innocent Man Spending 25 Years In Jail
(DBN)

______________

Wall Street:

Stock index futures edge lower
(DBN)

World Stocks Sag After Europe Credit Downgrade
(DBN)

U.S. stocks soar on Greek austerity plan; Dow up 0.56%
(DBN)

Stocks gain following Greece OKs debt demands
(DBN)

Goldman's Senior Dealmakers Continue To Head For The Exits
(DBN)

For Startup Generation, Wall Street Loses Its Luster
(DBN)

______________

Layoffs:

Unemployment 8.3% Or 11% Or 15.1%?
(DBN)

Underemployment 21% or Higher in Five States in 2011
(DBN)

Pentagon May Oust Troops Involuntarily to Meet Reductions in Obama Plan
(DBN)

The government can create jobs -- it's just often not very good at it
(DBN)

If You're Looking For A Job, The IRS Might Owe You Money
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

MF Global:

MF Global trustee says at least $1.6B missing
(DBN)

CME Fund to Protect Cattlemen is a Start
(DBN)

Criminal probe trail going cold at MF Global
(DBN)

KPMG paying some UK clients of MF Global
(DBN)

______________

Aviation:

American Airlines wants to reject leases on nine more MD-80s
(DBN)

American Airlines vows to bounce back from bankruptcy
(DBN)

India's Troubled Airline Sector Running Out of Options
(DBN)

European airfare war
(DBN)

Why Flying First Class Might Not Be Worth It Anymore
(DBN)

Travelers to be billed $32b for TSA patdowns, new air traffic fees
(DBN)

______________

Golf:

Notice of Bankruptcy Sale of 45-Hole Golf Course, Clubhouse and Golf Dome (419 Acres)in Frankfort, Illinois
(DBN)

Spanish Trail Country Club headed for court auction
(DBN)

______________

Telecoms:

Nortel's patent papers spark battle in US bankruptcy court
(DBN)

______________

Student Debt:

Student Loan Debt: Next Big Economic Shock
(DBN)

Student Loans Land Parents in Financial Hot Water
(DBN)

______________

Autos:

As bankruptcy unfolds, Saab dealers regroup
(DBN)

Romney op-ed: Taxpayers should get GM shares' proceeds
(DBN)

______________

Health Care:

Ex-workers balk at SynCare bankruptcy
(DBN)

Hospitals: N.Y. Times Finds Aggressive Debt Collection Despite Charity Care Rules
(DBN)

______________

Electricity:

LSP Energy powers on Chapter 11
(DBN)

Goldman Sachs’s J. Aron Threatens to Cancel LSP Contract, Lawyer Says
(DBN)

______________

IP:

Nortel patent deal creates battle with UK pension watchdog
(DBN)

______________

Management:

Meg Whitman Makes HP Execs Give Up Cushy Offices To Work In Cubicles
(DBN)

______________

Oil/Gas:

Chesapeake Eyes $12 Billion in Asset Sales Amid Cash Squeeze --- Desperate Measures For Desperate Times
(DBN)

______________

Bankruptcy Crimes:

Ex-Ohio State Trooper Pleads Guilty To Wire, Bankruptcy Fraud
(DBN)

______________

Economy:

Budget: Washington looks to cut spending by $1tn over 10 years --- Obama unveils budget with call for "fair" economy --- 'Responsibility Fee' For Financial Firms --- Obama Budget Would Cut $40 Billion in Fossil-Fuel Credits --- How Obama Plans To Create New Jobs With His Budget --- An agency-by-agency guide to Obama's budget --- Obama proposes $800 million in aid for Arab Spring --- Fails to tackle entitlements --- GOP Critics Hit Obama's $3.8 Trillion Budget
(DBN)

Obama seeks big dividend tax hike for wealthy --- Romney tax plan would favor the rich
(DBN)

Privately, Obama sees recovery 1-2 years off
(DBN)

House GOP Ends Opposition To Extending Payroll-Tax Cut
(DBN)

Manufacturing Up, but Is It a Renaissance?
(DBN)

Hawaii, Alaska, D.C. Lead in Gov't Jobs
(DBN)

US Homeless Still Resort to Tent Cities
(DBN)

Americans Still View China As World's Leading Economic Power
(DBN)

Disturbing charts on income inequality from a recent Senate hearing
(DBN)

The Fed held a secret auction of AIG's crisis-era securities and only let 2 banks bid
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

The Bank Settlement Solved Little
(DBN)

Missing Settlement Document Raises Doubts on $25B Deal
(DBN)

$25B bank mortgage settlement is a stinking mess
(DBN)

N.Y. AG says he plans to keep investigating mortgage industry
(DBN)

Dividing the Mortgage Settlement Dollars
(DBN)

Mortgage deal to provide U.S. FHA with $1 bln in cash
(DBN)

Mortgage servicing settlement leaves bond investors in the dark
(DBN)

401Ks and pensions are the victims in the $25B mortgage settlement, PIMCO says
(DBN)

Military members may get six-figure payday for wrongful foreclosures
(DBN)

Mortgage Deal Saves Housing Agency From Bailout
(DBN)

Lawsuit: Chase And Wells Fargo Overcharged Homeowners As Much As 300% On Mortgage Fees
(DBN)

Wells Fargo Directors Must Face Claims Over Foreclosure Probe, Judge Says
(DBN)

Current Mortgage Rates for Monday, February 13, 2012
(DBN)

Home remodeling expands in December
(DBN)

Details emerge on Rep. McKeon's Countrywide loan
(DBN)

Appeals Court Sides with Bank of America in Single Asset Property Fight
(DBN)

Developer, Attorneys Fight Long Distance
(DBN)

Chapter 11 for 3 signature St. Paul buildings
(DBN)

CFPB seeks input on proposed monthly mortgage statements
(DBN)

CFPB sees 10 million borrowers at-risk of credit default
(DBN)

This Boy Raised Enough Money To Save His Grandma From Foreclosure
(DBN)

The Most Overpriced Housing Markets In The Developed World
(DBN)

_____________

Tax:

Obama Proposes Higher Dividend Taxes in Focus on Wealthiest
(DBN)

CalPERS CIO: Carried interest tax 'indefensible' --- Obama budget targets carried interest
(DBN)

Detained Swiss banker's fate up in the air
(DBN)

______________

Corporate Reform:

US Volcker Rule to Increase Financial System Risk, Critics Say
(DBN)

Volcker defends Volcker --- Volcker Rule Faces Harsh Critics as Effective Date Nears --- Strong Pushback From Wall St --- Wall Street raises legal questions
(DBN)

Paul Volcker: Here Are 5 Ways To Know Prop Trading When You See It
(DBN)

Obama proposes large budgets boosts for SEC, CFTC
(DBN)

SEC, ex-Bear Stearns managers settle civil case --- Ex-Bear Stearns Managers Cioffi, Tannin to Pay $1.05 Million in SEC Suit
(DBN)

Regulations Create Jobs Too
(DBN)

______________

Celebs:

Judge Scrubs T-Boz's Bankruptcy
(DBN)

______________

Compensation:

Grassley Asks Holder to Probe Enforcement of Exec Pay in Bankruptcy
(DBN)

______________

Food/Beverages:

Bankruptcy court approves $129M sale of Real Mex
(DBN)

Teamsters Authorize Hostess Strike Pending Court Action
(DBN)

______________

Television:

Netflix: Major Recapitalization Or Bankruptcy In 2013
(DBN)

______________

Banking:

Break Up the Banks? Here's an Alternative
(DBN)

Big US banks face downgrade
(DBN)

Why Bank Stocks Are Impossible To Analyze or Value
(DBN)

______________

Autos:

GM Profits, But Taxpayers Are Still on Hook --- How Much Will The Feds Lose On Auto Loans? Not As Much As Feared
(DBN)

______________

Alternative Energy:

Report: Non-Solyndra Energy Loans Could Cost $3B
(DBN)

Can Fisker keep its promise?
(DBN)

First Solar-to-Vestas Wind Profit Crash Deters Search for New CEOs
(DBN)

______________

Derivatives:

US bankruptcy lawsuit re-opens "flip clause" debate
(DBN)

______________

Distributors:

TSC Global, LLC, and Certain Affiliates File for Chapter 11 to Implement Restructuring
(DBN)

______________

Mass Torts:

Asbestos brings down the 'Swiss Bill Gates' --- Asbestos billionaire gets jail --- 100 million euros in damages for plaintiffs
(DBN)

Incentives to settle spill case loom large
(DBN)

______________

Accounting:

Which Auditors Have the Most Public Company Clients?
(DBN)

______________

Photography:

Kodak seeks to keep details of debtor-in-financing deal sealed
(DBN)

______________

Lehman:

Lehman Trustee, Barclays Continue Fight Over 'Margin' Money
(DBN)

______________

Book Review:

The Odd Clauses
(DBN)

______________

Furniture:

KLN might have found buyer
(DBN)

______________

Credit/Debit Cards:

Rise Seen In Private-Label Bankcard Charge-Off Rates
(DBN)

______________

Religion:

His Eminence in Denial
(DBN)

______________

Opera:

San Antonio Opera headed for bankruptcy
(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:

Hostess, Stanford, Dynegy, Lear, PBS, AES, NEC
(DBN)

Rochelle on Wilpon-Madoff, Lehman Flip Clause, Hostess
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Discharge:

State court fraud damages aren't dischargeable, 6th Circuit rules
(DBN)

______________

Cross-Border:

Chapter 15 Does Not Permit Relief Manifestly Contrary to U.S. Public Policy
(DBN)

______________

Safe Harbors:

Section 546(e): “Safe Harbor” Held Inapplicable to Small Private LBOs
(DBN)

______________

Claim Priority:

Severance Compensation is “Earned” on Termination for Section 507(a)(4)Priority
(DBN)

______________

Fraud:

Stanford Aide Describes 'Perfect Storm' Surrounding Bank Run --- Says Stanford 'screaming' about bank run before seizure --- Stanford's frantic efforts to spin firm's condition --- Obama, other politicians decline to return Stanford money --- Stanford lawyers finally get their turn in spotlight
(DBN)

Madoff Trustee Seeks to Pursue $386 Million Mets Owners Suit
(DBN)

House Votes to Tighten Insider-Trading Ban for Congress Members --- As Congress examines members' trading, an echo from a bygone era
(DBN)

Life in the Fast Lane (Tired, 70s Version).
(DBN)

SEC drops Lonza-Arch insider trading case, for now
(DBN)

DOJ pitches budget that focuses on financial fraud
(DBN)

______________

Hedge Funds:

A secretive hedge fund legend prepares to surface
(DBN)

______________

Politics:

Brown-Warren PAC-curbing pledge inspiring similar deal in Montana
(DBN)

Poll: Brown, Warren Running Neck And Neck In Senate Race
(DBN)

Ethics Issues Tarnishing Congress' Image
(DBN)

Wall Street is on pace to break campaign contribution records to defeat Obama
(DBN)

Romney's budget cuts are so severe that he'll have trouble explaining how they're possible
(DBN)

______________

Municipalities:

Providence on the brink: Mayor to deliver State of the city address
(DBN)

Taveras hammers retirees, tax-exempts in grim State of the City --- Declares Providence 'in peril'
(DBN)

Scranton Strains for Rebound Following Pennsylvania Court Ruling --- Mayor Says Scranton Lacks Funds to Meet Court Order
(DBN)

JeffCo dodges debt downgrade
(DBN)

Where Americans depend most on government benefits
(DBN - NY Times - Paywall Limit Possible)

Why bankruptcy is worse for Michigan cities than emergency managers
(DBN)

______________

Media:

Judge’s Turn To Hate On News Of The World
(DBN)

News Corp financial results show hacking legal bill nearing $200m
(DBN)

______________

UK:

Moody's rating agency places UK on negative outlook --- Threatens to downgrade --- Does it matter if the UK loses its AAA rating?
(DBN)

Portsmouth Seeks Bankruptcy Protection Again, Official Says
(DBN)

Glasgow Rangers to seek bankruptcy --- Rangers head towards administration --- Rangers Q&A: what 'notice of intention' means --- HMRC want Rangers administration now
(DBN)

_____________

EU:

Europe Job Losses Accelerate
(DBN)

Fierce Winter Devastates Parts of Europe
(DBN)

Soros Slams Merkel; Warns of 'Great Depression'
(DBN)

German Investor Confidence at 10-Month High
(DBN)

European Industrial Output Drops 1.1%, Led by German Slump
(DBN)

Moody's Cuts France, UK, Austria Outlooks to Negative
(DBN)

Moody's Warning Reality Check For Europe --- Austria Dismisses Moody's Negative Outlook
(DBN)

ECB's Greek profit can ease debt burden: Coeure --- $158 Billion Free Lunch to Boost EU Bank Profits
(DBN)

Citi's Buiter: A Bunch Of Good Reasons Not To Be Too Confident About The European Banking Sector
(DBN)

German finmin: Europe better braced for any Greek bankruptcy
(DBN)

______________

PIIGS:

The Way Greeks Live Now
(DBN)

The Latest Greek Deal Is Already Unraveling
(DBN)

Greece's police union has threatened to arrest EU and IMF officials over austerity "blackmail"
(DBN)

Despite riots, Greece pushes ahead with austerity --- Photos, Video Of Greek Austerity Riots
(DBN)

Germans Do Not Trust Greece
(DBN)

Greek cabinet reshuffle expected
(DBN)

Greek concerns will resurface soon --- The Biggest Obstacle To Greece's Bailout Is Still Ahead
(DBN)

Q&A factbox: Why Greek bankruptcy could be bliss
(DBN)

How Everything Changed When Greece Joined The Euro
(DBN)

Greece calls for elections after debt riots
(DBN)

Greece rushes to meet lender demands
(DBN)

Luxembourg warns Greece on bailout
(DBN)

Greece faces tough job to seal rescue
(DBN)

Chaos in Greece is not just a Greek problem
(DBN)

Investors dump March Greek CDS contract
(DBN)

Greek output sinks 7 percent in last 2011 quarter --- Shrank Greater-Than-Forecast
(DBN)

Parmalat founder in serious condition in hospital
(DBN)

Italians Are Selling Their Ferraris To Avoid Tax Scrutiny
(DBN)

Fearful Irish Bankers Will Sidestep Armageddon, Shatter Says
(DBN)

Italy, Spain Ratings Cut by Moody's as France's Top Rank at Risk --- Spanish, Portuguese Bonds Drop After Moody's Cuts Europe Ratings
(DBN)

Ex-Anglo chief to face trial in US at start of 2013
(DBN)

______________

Canada:

Avoiding Indalex : Canadian Pension Law and Insolvency Law Collide Again
(DBN)

New Priorities? The Ontario Superior Court Applies Indalex and Reaches a Different Result
(DBN)

______________

MENA:

Bob Chapman on the Dubai Default Feb 2012
(DBN)

______________

Japan:

Tepco Bailout Fund Starts Steps to Raise Up to 2 Trillion Yen
(DBN)

______________

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