February 21, 2012

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Solicitor general brings voice of reason to health care case
(DBN)

Juror Who Sent Defendant Facebook Friend Request and Joked About Being Booted by Judge Gets 3 Days
(DBN)

Ex-Glock attorney accused of stealing millions
(DBN)

O’Melveny shows return to form on PEP with 13 per cent hike
(DBN)

Gibson Dunn posts impressive 2011 financial results
(DBN)

Make It Rain or Make Way
(DBN)

Is There a Right to Lie?
(DBN - NY Times - Paywall Limit Possible)

Goldman, Insider Trading, Facebook, BNY, JPMorgan in Court News ‎
(DBN)

SNR Denton revives counterclaims against Huron in $30m US recruitment dispute
(DBN)

Giving Money to Lawyers the Texas Way
(DBN)

Do multiple losses trigger internal paradigm shift?
(DBN)

Helping Law Students Break Through the Silence of Depression
(DBN)

Vermont Law School Graduates Go On to Be Successful Legal Recruiters and Apple Pickers
(DBN)

Form letter law students were asked by their schools to send members of Congress
(DBN)

Law Schools: The transfer game
(DBN)

Dinsmore Associate Dies at 35
(DBN)

Duty of Nurses at Issue in Med-Mal Suit Over Lawyer's Suicide
(DBN)

Partner Tells Federal Jury Work Done by His Law Firm Was Legit, Not Part of a Lawmaker Bribe Scheme
(DBN)

Patriots Debate: The Meaning of the Constitution in a Time of Terror
(DBN)

Law Students Cry Over School’s Absurd Subway Ad Campaign
(DBN)

Which Law Schools Are Trying to Be Honest About Their Employment Information?
(DBN)

University of Texas Law School Tries To Become Hogwarts
(DBN)

Age bias case against law schools gets split, survives
(DBN)

Best Law Schools for Bar Exam Preparation
(DBN)

Will a T14 Law Degree Ward Off Unemployment?
(DBN)

Law school flame war over students' assault allegations
(DBN)

A 20-Year Low for Law School Applications?
(DBN)

Ben Stein and the ABA’s Facepalm
(DBN)

Phone Homes: As Smartphones Go Viral, Attorneys Gain Freedom of Platform
(DBN)

Law Firms: Will You Be gTLD into Spending $185K on a 300-page Application?
(DBN)

Attorney censured for misconduct in guardian case
(DBN)

Non-Practice: Cat Catching
(DBN)

Why So Many Lawyers Wear Glasses
(DBN)

Scantily Clad Waitresses Are Surprised By Harassment, Sue
(DBN)

"Downtown Abbey" - Bates gets life, Mary gets second chance
(DBN)

"The Good Wife" - When law was a life, not a career
(DBN)

Ex-Partners Argue Against Arbitration in Edwards Wildman Suit
(DBN)

A Loss for Words: Head Injury at SXSW Changes Lawyer's Life
(DBN)

Waitress Claims Manager Told Her to Pray Away Harassment
(DBN)

Frontiers of client-chasing, U.K. edition
(DBN)

‘Linsanity’ Finds its Way Into Federal Court
(DBN)

Wheelchair-Bound Robber Gets Stuck In Sand Trying To Make Getaway
(DBN)

Say What?!
(DBN)

______________

Judges:

Justices Sit on Highest Court, but Still Live Without Top Security
(DBN)

Suspect ID'ed in robbery of Justice Breyer
(DBN)

Why Stephen Breyer and Other Power Players Love Bridge
(DBN)

Justice Ruth Bader Ginsburg is ready to speak out on the danger of super PACs --- Two justices suggest Citizens United ruling should be reconsidered
(DBN)

Ruth Bader Ginsburg stepping down in 2015
(DBN)

Trust and the Supreme Court
(DBN)

Ethics: Judge May Not Attend Campaign Victory Party In Uncontested Race
(DBN)

Law Reviews: The High Bench vs. the Ivory Tower
(DBN)

Philly Judge Refuses to Recuse Herself over Priest Abuse Remark
(DBN)

Judge Tosses Guilty Pleas of Two Ga. Judges, Cites Honest Services Ruling in Enron Case
(DBN)

Christie's brash words on N.J. Supreme Court may be undermining state's judicial branch
(DBN)

______________

Wall Street:

US stock futures signal higher Wall St open
(DBN)

______________

Layoffs:

Top 10 Jobs That Make the World a Worse Place
(DBN)

Study: Small Business Not Job Engines
(DBN)

WaPo Tells Us That the Surge in Temporary Jobs Reflects "Fundamental Change in American Workplace"
(DBN)

America's Incredible Productivity Boom
(DBN)

The Shaq-Shaped Recovery
(DBN)

Long-term unemployed seek fed cash as 'disabled'
(DBN)

Six-Figure Salaries Are Luring Millennials Into Dangerous Mining Jobs
(DBN)

US: Shortage of Skilled Factory Workers
(DBN)

Why Pay Doesn't Rise with Company Profits
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Compensation:

Lloyds claws back 1.5 mln stg in bonuses after insurance debacle
(DBN)

Brian Moynihan Is Taking A Serious Pay Cut This Year
(DBN)

______________

Banking:

Bankruptcy court lets Washington Mutual reorganize
(DBN)

4 Ways Washington Mutual's Bankruptcy Still Matters
(DBN)

Bank Western: Still Standing
(DBN)

______________

MF Global:

Trustee: No MF Global customer cash in JPM account
(DBN)

From FBI to MF Global : Louis Freeh finds role in bankruptcy fray
(DBN)

Customer protections in light of MF Global debacle
(DBN)

NFA considering proposal to help futures-trading customers
(DBN)

MF Global Trustee Asked to Support "Corporate Personhood" Motion
(DBN)

______________

Municipalities:

Lawyers costing Jefferson County $250,000 per week
(DBN)

In Alabama, a County That Fell Off the Financial Cliff
(DBN)

Does Jefferson County Alabama's fate foretell Detroit's future?
(DBN)

Municipal Bonds Are Sometimes Still Lost in the Fog
(DBN)

______________

Retailing:

Men Step Out of the Recession, Bag on Hip, Bracelet on Wrist
(DBN)

Five Cents of Every Retail Dollar Spent Online
(DBN)

______________

Celebs:

The Broke and the Beautiful: Busey Redux Edition
(DBN)

Ex-agent Leigh Steinberg addresses alcoholism, bankruptcy
(DBN)

______________

Lehman:

Lehman Seeks To Subpoena Geithner In J.P. Morgan Suit
(DBN)

______________

Credit/Debit Cards:

5 Great Perks Of Credit Cards For The Rich
(DBN)

______________

Telecoms:

Hackensack wireless Internet company files for bankruptcy
(DBN)

Wave2Wave Communications Files for Bankruptcy Protection
(DBN)

Falcone sticks with plan, hit by lawsuit
(DBN)

______________

Economy:

Inflation Has Boomed Since 2000
(DBN)

Consumer Prices Up in January
(DBN)

Geithner Bond Returns Trail Behind Paulson, Beat Rubin
(DBN)

More Signs Of Weakness In The Philly Fed Data
(DBN)

What Happened In 2005 That Made Everyone Want To Live With Their Parents?
(DBN)

A Few Head Scratchers In Some Fed Statements
(DBN)

15 Jobs That Pay More Now Than They Did During The Recession
(DBN)

Look At All The Other Junk Stuck In The Payroll Tax Cut Extension
(DBN)

Congress Conquers Extremes in $145 Billion Payroll Tax Cut Deal
(DBN)

Payroll Tax Cut Undermines Social Security
(DBN)

Nouriel Roubini: 4 Downside Risks To The Market
(DBN)

TARP banks pushed Treasury over executive pay and won
(DBN)

Can Obama's Manufacturing Plan Work?
(DBN)

For Baby Boomers, it's now 'work til you drop'
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

The Pricing Shift for New Homes
(DBN)

Citi, BofA prove too big to punish harshly
(DBN)

The other foreclosure settlement: Millions of homeowners eligible
(DBN)

Banks send mixed messages on mortgage deal
(DBN)

You Might Be On The Hook For Way More Of The $40 Billion Mortgage Settlement Than You Thought
(DBN)

Court keeps RMBS fraud claims alive in Countrywide cases
(DBN)

MBIA says undisclosed Countrywide docs could point to fraud
(DBN)

Seizures Threatened in Massachusetts With Naked Loans Challenge
(DBN)

Pushback on the San Francisco City Assessor-Recorder Foreclosure Audit
(DBN)

HUD’s Donovan: Fannie, Freddie Should Embrace Loan Forgiveness
(DBN)

Foreclosures: Here They Come
(DBN)

Potomac Gap Shows Court Foreclosures Delay Housing Recovery
(DBN)

Foreclosure firm Baum's demise leaves NY homeowners in costly limbo
(DBN)

The Scariest Housing Market Chart Ever
(DBN)

Chase donates 100 homes to military, wounded warriors
(DBN)

Ruling Clears Way for RR Condo Foreclosure
(DBN)

The Status Of America's Troubling Foreclosure Market
(DBN)

Lawyer Settles in Vaughan Case
(DBN)

Freddie Mac multifamily property heads to special servicing
(DBN)

Distressed retail property opportunities coming in 2012
(DBN)

Grubb & Ellis Agrees to Sell Itself in Bankruptcy Proceedings
(DBN)

_____________

Corporate Governance:

Embattled shareholder in Wynn Resorts says he will fight 'outrageous' attempt --- Okada to Take Legal Action --- Okada Brings Winning Courtroom Record to Legal Fight With Wynn
(DBN)

Jefferies's Fink on Olympus, Japan Corporate Governance
(DBN)

Corporate Law’s Most “Over-Studied” Topics
(DBN)

Indemnification and Advancement Issue of First Impression Decided by Chancery
(DBN)

______________

Aviation:

AMR asks to hire more consultants in bankruptcy
(DBN)

US majors profitable in 2011 despite $2 billion AMR loss
(DBN)

Accounts freeze deepens Kingfisher woes --- Will not close down Kingfisher Airlines, says Vijay Mallya
(DBN)

A Tale Of Two Indian Airlines
(DBN)

Air Australia Enters Administration, Seeks Quick Asset Sale --- Air Australia bankruptcy helps Qantas
(DBN)

Malev’s Debt Amounts to More Than $556 Million
(DBN)

______________

Hotels:

Is Travelodge edging towards bankruptcy ? --- Dubai-Owned Travelodge Denies Bankruptcy Risk
(DBN)

______________

Alternative Energy:

CEO confident subsidiary United Solar will live on after ECD bankruptcy filing
(DBN)

GOP hopes ' Solyndra economy' becomes Obama political epitaph
(DBN)

Is Energy Secretary Chu even deeper in the Solyndra scandal? --- Republicans ask Chu to explain Prologis, Solyndra links
(DBN)

WH Solyndra emails: Summers had qualms in 2010
(DBN)

______________

Utilities:

Yellowstone Valley Electric wins ruling
(DBN)

______________

Autos:

After Bailout of Auto Industry, Detroit Fallout Trails Romney --- Romney's Achilles' heel?
(DBN)

Bain Capital Turned Down Chance to Invest in GM --- Bain Capital really, really REALLY did not want to lend GM and Chrysler money for their managed bankruptcies. Really.
(DBN)

Fact Check: Artful swerves on the auto bailout
(DBN)

Public auto bailout cost $474,000 per GM employee
(DBN)

The Least Dependable Cars in America
(DBN)

New Saab bid by Youngman
(DBN)

______________

Tax:

Working All Day for the I.R.S.
(DBN - NY Times - Paywall Limit Possible)

______________

Convenience Stores:

Red Eagle Stores For Sale In Wyoming
(DBN)

______________

Energy:

Dynegy: Suspected misconduct prompts creditors to seek appointment of bankruptcy examiners
(DBN)

______________

Hollywood:

Judge Releases Potentially Damaging Emails in David Bergstein Bankruptcy Case
(DBN)

______________

Corporate Reform:

SEC widens probe of exchange-traded funds
(DBN)

Consumer bureau targets fine print
(DBN)

Keeping credit reporting firms, debt collectors honest
(DBN)

Too Big Not To Fail
(DBN)

Wall Street: SEC Settlements Are a Joke
(DBN)

______________

Television:

Roberts Broadcasting mulls selling TV stations in bankruptcy
(DBN)

______________

Museums:

Slavery museum files plan to pay its debts
(DBN)

______________

Mass Torts:

400 former dockyard workers file US suits over asbestos exposure
(DBN)

DOJ Reaches $90 Million Settlement With Oil Company Unit in Deepwater Horizon Suit
(DBN)

Judge Keeps Tight Leash in BP Litigation
(DBN)

______________

Photography:

Kodak's struggles mean domino effect on suppliers
(DBN)

Academic puts cause of Kodak's woes in sharp focus
(DBN)

______________

Gambling:

Main lender of Hooters in Vegas to become owner
(DBN)

______________

Baseball:

Frank McCourt to Bud Selig: I can never thank you enough
(DBN)

For Dodgers, it's the journeymen, not the destination
(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 (49 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:

Rochelle on Kodak's Loan Settlement, Asarco-Sterlite
(DBN)

______________

Bankruptcy Statistics:

Personal bankruptcy filings down 14% in Connecticut in 2011
(DBN)

Bankruptcy filings dip in Napa County
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Two Means Two: Delaware Bankruptcy Court Confirms that the Two-Year Look-Back Period for Fraudulent Transfers Is Non-Negotiable
(DBN)

Preference Litigation Pursuant To Chapter 128 Of The Wisconsin Statutes Vs. Preference Litigation Pursuant To The United States Bankruptcy Code
(DBN)

______________

Plan Confirmation:

How Absolute Is The Absolute Priority Rule In Individual Chapter 11 Cases?
(DBN)

______________

Litigation:

Proper Preparation for the Meet-and-Confer Pays Off
(DBN)

Apparently you can't just waive the Local Rules by agreement
(DBN)

Trial Presentations Using Keynote and Keynote Remote
(DBN)

______________

Insurance:

D&O Insurance: Meditations on the Meaning of "Relatedness"
(DBN)

D & O Insurance: A Primer
(DBN)

______________

Fraud:

Madoff Trustee Picard Seeks Fees to Bring Total to $273 Million
(DBN)

SIPC asks court to deny SEC request on Stanford claims --- Investors lose hope they’ll see Stanford funds --- Stanford victims: 'Talk to the hand' --- Jury will decide, but Stanford investors have no doubt --- Stanford defense is desperate --- Stanford CFO forged boss' name, refused reforms, witness says --- Allen Stanford Taking Witness Stand Seen as Risk to Fraud Trial Defense
(DBN)

The Amazing Vanishing Act: Accounting Control Fraud Disappears from the Regulatory Lexicon
(DBN)

Research Analyst Who Publicly Refused to Wear FBI Wire Is Arrested in Insider Trading Case
(DBN)

Gilbraltar Bank reaches settlement deal over Rothstein case
(DBN)

Judge says coach Donnan did not deceive former player
(DBN)

UBS Turning Whistleblower in Libor Probe Puts Pressure on Rivals
(DBN)

______________

Accounting:

The Leasing Industry Is Fighting An Accounting Change That Would Expose $1.5 Trillion In Debt
(DBN)

______________

Examiners:

Lawrence University to honor bankruptcy examiner
(DBN)

______________

Sporting Goods:

Sacramento Kings File 8.3 Million Dollar Claim Against Power Balance
(DBN)

______________

Religion:

Secret church files detail anguish
(DBN)

_____________

Debt Collection:

Consumer Bureau to Supervise Debt Collectors
(DBN)

______________

Health Care:

2 ousted Quincy Medical execs seek $600K in severance
(DBN)

Our Unrealistic Views About Death
(DBN)

______________

Politics:

Romney Unlike Father He Invokes to Connect With Michigan Voters
(DBN)

Rick Perry Now AWOL as Governor
(DBN)

Ron Paul: US Becoming a Fascist System
(DBN)

Rick questions president's Christian values
(DBN)

Newt: Defeating Obama 'duty of national security'
(DBN)

Gingrich Papers, Speeches Show Frequent Criticism of Reagan... ... Revolution Was 'Weak'
(DBN)

______________

Sovereigns:

These 10 Countries Are Struggling With The Deepest Debt In The World
(DBN)

______________

UK:

Global Recovery Could Be Bad News for the U.K.
(DBN)

Insanely Rich Russians Are Taking Over The British Court System
(DBN)

Insolvent companies face trading uncertainty
(DBN)

______________

EU:

Europe seals new Greek bailout to avert default --- Europe Picks Greek Aid Over Default --- Greece bailout: Buying time for the eurozone --- Greece gets bailout package after 'marathon' meeting --- Markets fail to rally on Greece debt deal --- Why The Markets Aren't Excited About The Greek News --- The Rosy Assumptions Behind The Entire Greek Bailout --- "Kicking Giant Beer Keg Down Road Risks Destroying The Road"
(DBN)

European Stocks Fall, Euro Erases Gain
(DBN)

Here's Why An ECB Debt Swap Could Screw Everyone But The ECB
(DBN)

Five Reasons Europe Looks Less Disastrous
(DBN)

ECB Settles No Bond Purchases for First Time Since August
(DBN)

Britain, 11 others, urge new growth agenda at EU summit
(DBN)

Germany vs. the Rest of Europe
(DBN)

The Role of Youth Unemployment in Staving Off Default
(DBN)

Traders Struggle With Euro Crisis Headline Fatigue
(DBN)

______________

PIIGS:

Reaction from Greece as EU ministers agree fresh bailout for Greece --- 7 Key Points On The Latest Greek Bailout--- Leaked Memo Blows The Lid Off Of The Entire Greek Bailout
(DBN)

It's Not Just the Economy Stupid!
(DBN)

Euro Region Ministers Circle In on Greek Rescue as Crisis Disputes Linger
(DBN)

Greek premier rushes to Brussels to secure bailout --- Greeks protest cuts on eve of bailout decision --- Germany bows to global pressure and signals Greek rescue deal
(DBN)

Decision day for 2nd Greek bailout despite financing
(DBN)

Greece Needs To Find Offshore Resources, Conservative Leader Suggests
(DBN)

“Secret Troika Report” – Key for Greek Bankruptcy Announcement
(DBN)

A Message From A Greek Entrepreneur
(DBN)

Greek rescue 'threatens eurozone structure'
(DBN)

Greece's youth pay price for wisdom of their elders

Protesters clash with police in Athens
(DBN)

Monti Glimpses EU Political Union and Chides Germany
(DBN)

______________

Canada:

Mortgage fraud called 'staggering'
(DBN)

______________

MENA:

Oman likely to promulgate bankruptcy , insolvency laws
(DBN)

Iran stops oil sales to British and French firms
(DBN)

IEA says EU could live with abrupt Iran oil halt
(DBN)

Iranians Desperate as Economic Forces Gather
(DBN)

32 to Trial Over Iran's Biggest Bank Fraud
(DBN)

______________

Australia:

Sharp rise in small business insolvencies
(DBN)

______________

China:

Not One Major Chinese City Saw Property Prices Increase In January
(DBN)

______________

Please note that 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, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

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 Subscription Required" notation. The cost of a subscription is $55/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.  Note that the email must be sent from the same email address which is on our distribution list (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). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

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

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).

 

Copyright 2011