February 17, 2012

The Daily Bankruptcy News

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Due to the President's Day Holiday, The Daily Bankruptcy News will not publish on Monday February 20, 2012

Law:

K&L Gates' Profits Per Partner Drops 4.3 Percent, Revenue Flat --- London office sees record year
(DBN)

Hogan Lovells sees global revenues hold steady while PEP rises 2%
(DBN)

After Two Down Years, Debevoise Sees Revenue Rise
(DBN)

Bingham's London office posts 14 per cent revenue hike
(DBN)

Top Linklaters partners demoted in night of long knives
(DBN)

Howard Kennedy sacks 10% of partners
(DBN)

Simmons bids to revive profits with partnership restructuring
(DBN)

Linklaters to re-run managing partner vote after Davies fails to win backing
(DBN)

Pepper's Revenue Up 3.5 Percent, PPP Up 4.8 Percent
(DBN)

Wilson Sonsini Clocks Double-Digit Gains
(DBN)

Blank Rome Creates Chief Strategy Officer Role
(DBN)

Weil's Boston Office: A Flagship Of The Firm
(DBN)

Manhattan U.S. Attorney fills three top prosecutor posts
(DBN)

Kutak Rock awaits bankruptcy ruling on $10M claim against it for legal malpractice
(DBN)

Real Estate Entrepreneur Who Says Bad Legal Advice Cost Him $6M Faces Uphill Malpractice Battle
(DBN)

Is Fannie Mae's GC Headed for a Promotion to CEO?
(DBN)

Shearman takes 'appropriate action' against viral email trainee
(DBN)

Mortgage Probe, Bank of America, Exxon Mobil, Ablyazov, J&J in Court News
(DBN)

Being Abe Lincoln
(DBN)

Columbia Asks Alumni for $1,000 to Help Pay for Biglaw Interviews --- You can help this child get a summer associate position with Sullivan & Cromwell
(DBN)

Another Law School Sued, But This Time With Allegations of ‘Negligent Enrollment’
(DBN)

Tulsa Law's Transparency Doubletalk
(DBN)

Wal-Mart Ladies
(DBN)

Law schools hand over job placement data
(DBN)

The pointlessness of a law degree
(DBN)

The debate over the relevance of law reviews heats up
(DBN)

Possible Criminal Charges for a Criminal Law Professor
(DBN)

DC Law Firm Accused of Un-Hiring Pregnant Woman
(DBN)

In-House: Is Our Lawyer Aggressive Enough?
(DBN)

From Biglaw to Boutique: Where Does the Time Go?
(DBN)

Lawyer’s 25-Percent Contingent Fee for Getting Exonerated Clients Millions Not Proven Excessive
(DBN)

Holland & Knight Adds Three Crisis Communications Professionals to Strategic Communications Team
(DBN)

Convicted Marshal Going to Prison Where Dad Died; John Ambrose sentenced to Texas prison for leaking information about mob investigation
(DBN)

Lawyers deny cover-up in juror misconduct affair
(DBN)

White House Party Crashers Now Suing Each Other
(DBN)

India's biggest law firm prepares for next stage of evolution
(DBN)

"The Good Wife" - Will's in big trouble
(DBN)

Amanda Knox Signs $4 Million Book Deal
(DBN)

Is Your Law Firm Pinterest-ed?
(DBN)

TranscriptPad – Legal Transcript Review and Annotation
(DBN)

A Stolen iPhone Plus iMessage Could Spell Privacy Trouble for Your Firm
(DBN)

Label Me the Fired Intern
(DBN)

Hogan Lovells in epic diversity fail
(DBN)

A&O partner hospitalized after drinking session with client
(DBN)

Massive NYPD ticket Extortion forces citizens to buy Black-market PBA cards for Protection
(DBN)

Murder suspect wants Cocoa Puffs in jail
(DBN)

Fireplaces in $11M Home Were Made of Drywall, Officials Say in Manslaughter Case Against Architect
(DBN)

No, You Can’t Sue Your Uncle For Putting Embarrassing Family Photos On Facebook
(DBN)

And You Think Your Parents Embarrassed You?
(DBN)

Say What?!
(DBN)

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Judges:

Kevin Gleason and Bankruptcy Judge Olson -- Yes, There's More.
(DBN)

Q&A: Arthur J. Gonzalez
(DBN)

By the Way, the Cubs Have Not Won the World Series in 100 Years, Either
(DBN)

Judge Orders Random Lawyers To Defend Poor People
(DBN)

Justice Scalia’s recent life/work balance comments strike some as curious
(DBN)

Cameras debut in federal court case in Topeka
(DBN)

'Finished' Court IT Project to Cost State 100s of Millions for Years
(DBN)

Special Court to Probe Claims Ex-DA, Now a Texas Judge, Concealed Murder Case Evidence 25 Years Ago
(DBN)

Benchslap of the Day: Say My Name, Say My Name
(DBN)

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Wall Street:

Stock futures flat
(DBN)

US Stocks Rise on Economic Data as Greece Optimism Lifts Banks
(DBN)

One Wall Street Sage Who Got it Right
(DBN)

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Layoffs:

Unemployment Applications at 4-Year Low
(DBN)

Deal trims maximum jobless benefits to 73 weeks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears laying off 100 employees at Hoffman Estates headquarters
(DBN)

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Baseball:

Dodgers Bidders Prepare to Round Second Base
(DBN)

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Lehman:

Lehman Says Cash Ready for Creditors Is About $18 Billion
(DBN)

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Health Care:

Long Island hospital can file Chapter 11
(DBN)

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Alternative Energy:

White House Deal on Solyndra Testimony Averts Subpoenas
(DBN)

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Economy:

Bernanke defends low rates to community bankers
(DBN)

Philly Fed Index Points to Improved Conditions
(DBN)

Jobless Claims in US Fall to 4-Year Low --- Drop in unemployment claims points to another month of strong hiring, lifting overall economy
(DBN)

Big Banks Expected Fed to Keep Rates Low Longer
(DBN)

Geithner: Payroll Tax Rate Should Rise Back to Normal in 2013
(DBN)

Dear Walmart, McDonald's And Starbucks: How Do You Feel About Paying Your Employees So Little That Most Of Them Are Poor?
(DBN)

How parts of payroll tax cut package are paid for
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

CFPB helping fix mortgage industry
(DBN)

MBIA tells judge of newly uncovered Countrywide fraud database
(DBN)

Appeals Court Upholds Stay In Las Vegas CMBS Loan Sale-Lawyer
(DBN)

Bank Mortgage Securitization Probes Will Proceed, Say New York, Delaware
(DBN)

Mortgage reports shine rays of hope for housing
(DBN)

Housing starts up to 699,000 in January
(DBN)

Colo. foreclosure filings, sales drop in January --- Florida Foreclosures Rank Second in Nation --- Idaho's Foreclosure Rate Posts Dramatic Drop --- Nevada foreclosure rate down, but still top in US --- SC foreclosures down to start 2012, up from year ago --- Texas foreclosure rates down --- Illinois foreclosure numbers higher in Jan. --- Hawaii foreclosures at highest level since new law --- Mass. foreclosures up
(DBN)

Bank of America, Lenders Stepping Up Foreclosures
(DBN)

Why Homeowners Are Still Winding Up On The Street Even As Their Loans Are Modified
(DBN)

Despite Gains, Housing Still Faces Problems
(DBN)

Probe uncovers alleged mortgage fraud at TARP community bank
(DBN)

Freddie Mac mortgage rates remain at all-time low
(DBN)

Most expensive NYC apartment sells for $88M
(DBN)

The Most Successful Real Estate Agents Of The Year
(DBN)

Fitch rails against risky CMBS servicing fees
(DBN)

Says the Ninth Circuit, That Argument Isn’t Going to Get You Out of This Single Asset Real Estate Case
(DBN)

D.R. Horton Says Loan Applicants’ Personal Data Was Compromised
(DBN)

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Corporate Reform:

CFPB targets debt collectors and credit bureaus
(DBN)

'Occupy the SEC' Goes Big on the Volcker Rule
(DBN)

SEC Lists 13 New Actions Eligible for Whistleblower Bounties
(DBN)

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Banking:

WaMu deal reverses votes against bankruptcy plan
(DBN)

Morgan Stanley, UBS May Be Cut in Moody's Capital-Markets Review
(DBN)

Bank stocks rally despite Moody's gloom
(DBN)

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Theater:

Caldwell Theatre in Boca Raton to file for bankruptcy reorganization
(DBN)

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Celeb:

Busey's debts mount month-to-month --- Actor lists assets for bankruptcy filing --- He Does Have A Lot Of Junk
(DBN)

Allen Iverson In Financial Trouble? He'd Be Far From First Star Athlete
(DBN)

Real Housewives’ Taylor Armstrong Calls Rumors She’s Dating Her Married Lawyer ‘Ridiculous’
(DBN)

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Municipalities:

Jefferson County prepares to lay off 180 workers
(DBN)

Jefferson County financial woes spark tough decisions
(DBN)

______________

Bankruptcy Crimes:

Former Treasure Valley Couple Indicted on Multiple Counts Bankruptcy Fraud
(DBN)

______________

Photography:

Kodak Dumps the Oscar Theater, Proving that Contract Rejection is like No Fault Divorce: There is No Defense
(DBN)

Lights, camera, Kodak action
(DBN)

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Credit/Debit Cards:

Class of New Customers Is Furious at Citibank Gimmick
(DBN)

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Small Business:

Small Biz Shutout: More Rejections at the Lending Line
(DBN)

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Shipping:

Trailer Bridge Files Final Version of Chapter 11 Plan
(DBN)

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Golf:

Bankruptcy court to put golf courses up for sale
(DBN)

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Radio:

U.S. Attorney claims Inner City’s debtors are not acting “in good faith"
(DBN)

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Mass Torts:

Oil Spill Attorneys' Fees Upheld
(DBN)

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Aviation:

How the airlines industry is faring
(DBN)

PBGC puts up its case against AMR's plan to dump its pensions
(DBN)

Guggenheim, Other Funds Divulge Stakes in Global Aviation Debt
(DBN)

Feud Divides Mexicana Flight Attendants Turned Calendar Girls
(DBN)

Airlines Cite High Fuel Costs As They Raise Fares
(DBN)

Frontier Airlines to cut 446 more jobs in Milwaukee
(DBN)

Kingfisther Airlines Q3 loss widens by 75% --- Needs more funds to remain ' going concern --- Airlines may have to resort to desperate measures, say experts
(DBN)

Air Australia Grounded, Placed Into Administration
(DBN)

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Telecoms:

Clearwire May Need to Raise More Money
(DBN)

Nortel collapse linked to Chinese hackers --- Nortel executives knew of data breach, chose to do nothing
(DBN)

Falcone rejects a LightSquared bankruptcy but problems loom
(DBN)

Falcone Airwaves Left With Dwindling Value After Regulatory Blow
(DBN)

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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 (33 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)

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Miscellaneous:

Rochelle On Cerberus' NewPage Bankruptcy Filing, Madoff Decision
(DBN)

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Bankruptcy Statistics:

Western Pa. business bankruptcy filings hit 5-year low in 2011
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Claim Priority:

Third Circuit Holds Post-petition Pension Fund Withdrawals Liability Is Entitled to Administrative Expense Priority
(DBN)

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Litigation:

Attorney Charged With Putting Discovery Video On YouTube
(DBN)

Google's EDD Search Blunder in Oracle Case: the $1 Billion Mistake?
(DBN)

______________

Politics:

Scott Brown struggles to refight old culture war with Elizabeth Warren
(DBN)

Political-Intel Industry Sees New Threat in Stock Act
(DBN)

Romney's Dept. of Bad Optics
(DBN)

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Insurance:

Ambac Financial Reschedules Voting Deadline and Plan Objection
(DBN)

Bank of America Seeks to Block CEO Deposition in MBIA Suit
(DBN)

Moody’s Cuts Ratings on Insurers
(DBN)

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Autos:

General Motors Recorded Biggest Profit Ever in 2011 --- Stock soars --- Profits don't blind GM to tests ahead
(DBN)

General Motors 4Q Results Miss Street's View
(DBN)

UAW $7,000 Bonuses on Record GM Profit
(DBN)

Little Celebration for Record GM Profit --- GM Profit Is Easier With Debt, Tax Erased --- But What About Injured Victims? --- General Motors leads revival of Motor City – but not everyone is happy --- A Cautionary Note --- The GM-Chrysler bailout made no sense in 2009, or now --- The Good And Bad About GM Earnings
(DBN)

GM Europe in Talks to Fix Loss-Making Opel --- Turnaround Plan May Take a 'Couple' of Months --- General Motors faces Catch-22 in Europe --- Huge Loss Could Hit Jobs
(DBN)

Romney 'Delighted' GM is Profitable, Credits Managed Bankruptcy --- On auto rescue, Romney's verbal gymnastics are wearying --- Romney Fundraised In Office Of Law Firm That Represented General Motors In Bankruptcy --- Romney: 'Absurd' he would have let automakers be liquidated --- The Economist vs. Mitt Romney --- Fact check: Mitt Romney --- Can Romney remember what he believes?
(DBN)

Santorum Tells Michigan of Strict Opposition to Bailouts
(DBN - NY Times - Paywall Limit Possible)

Chrysler Pulls Energy Loan Application as Financials Improve
(DBN)

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Fraud:

Experts: Texas tycoon's testimony not worth risk --- Stanford Operations Were Run by CFO, Not ‘Absent’ Boss, Manager Testifies --- SIPC Tells Federal Judge Stanford Investments Aren’t Eligible for Payouts
(DBN)

Congressional Insider Trading Bill May Still be Flawed --- Concern over insider trading law loophole --- The Daily Show Roasts DC's Insider Trading --- 'Political Intelligence' vs. Insider Trading --- STOCK Act was overdue, but could establish a pattern
(DBN)

U.S. Says Rajaratnam and Gupta Lawyers May Be Sharing Memos
(DBN)

Gupta lawyers unsuccessful with Goldman interviews
(DBN)

The Punch Insider Trading Case : A Peek at Einhorn on the Job
(DBN)

Madoff trustee files appeals in bank suits
(DBN)

Broadband Research’s John Kinnucan Arrested in FBI’s Insider-Trading Probe
(DBN)

Insurance Agents in New York and Florida Charged in $100 Million Fraud
(DBN)

______________

Religion:

Bankrupt Wis. Church Tries To Limit Abuse Claims
(DBN)

______________

Cross-Border:

Hellas Telecommunications Files Chapter 15 Bankruptcy to Halt Lawsuits
(DBN)

______________

UK:

Rangers Administrators Have Been Contacted by ‘Several’ Possible Bidders
(DBN)

Portsmouth enters bankruptcy protection
(DBN)

______________

EU:

ECB Greece Plan May Subordinate Holders, Dent Euro, UBS Says
(DBN)

President of the European Commission seeks to calm nerves in war of words
(DBN)

Euro zone debt deal hopes push euro higher
(DBN)

Euro countries voice doubts over Greek bailout
(DBN)

______________

PIIGS:

Hopes rise for Greek deal after new budget cuts found
(DBN)

Athens faces tough bail-out terms
(DBN)

Investors on edge waiting for Greek bailout
(DBN)

French premier says Europe should honor its commitments to help Greece
(DBN)

Forget Greece, Traders Are Worried About Something That Could Send Us Back To The Middle Ages
(DBN)

Source: Greek plan cannot sufficiently reduce debt
(DBN)

ECB Said to Swap Greek Bonds for New Debt to Avoid Loss From Restructuring
(DBN)

Greece Hopes Eurogroup to Give Aid Deal Green Light, Kapsis Says
(DBN)

Do Not Humiliate the Greeks
(DBN)

Italy to End Tax Breaks on Church Enterprises, Monti Says
(DBN)

Money Lessons From An Irish Billionaire Who Filed For Bankruptcy
(DBN)

Bankrupt Banker's Mansion May Offer Anglo Irish Fiasco Payback
(DBN)

______________

Mexico:

Mexico Studying Bankruptcy Laws on Intercompany Debts Following Vitro Case
(DBN)

______________

Kazakhstan:

Kazakh billionaire Ablyazov in contempt, High Court rules --- Warrant Out For One Of The Biggest Frauds In History
(DBN)

______________

Japan:

Debt Crisis: Is Japan Next?
(DBN)

______________

Hong Kong:

HK bankruptcy petitions fall 13.4 pct in Jan vs Dec
(DBN)

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Copyright 2011