February 22, 2012

The Daily Bankruptcy News

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Law:

Pillsbury and Fulbright Merger Talks Reportedly Off ‘Fast Track’; Unfunded Pension an Issue
(DBN)

A&O and White & Case take key roles as Greece agrees new €130bn bailout --- Trio of Top Firms Take Lead on $173 Billion Greek Debt Deal
(DBN)

Fannie, Freddie need to tighten legal expenses: regulator
(DBN)

When the rich (laterals)get richer
(DBN)

Sidley Bankruptcy Partner Named as 2012 BTI Client Service All-Star
(DBN)

Consumer bankruptcy firm to publish its fees
(DBN)

For Shook Hardy, Modest Growth in Revenue, Profits
(DBN)

Protecting your company in relationships with partners in bankruptcy.
(DBN)

In Deepwater Disaster Case, a Clash of Titans
(DBN)

Stanford Receiver Sues 2 Law Firms for $1.8B
(DBN)

White Shoe Law Firm Named Top Donor To NY Delegation
(DBN)

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

Foreign Bribery, Stanford, Wynn, Parmalot, Paulson, Teva in Court News
(DBN)

These Schools Exceed Expectations for Bar Pass Rates
(DBN)

Help This University Of Arizona 3L Go to Space — Literally
(DBN)

More on the Class Actions Against Law Schools
(DBN)

Law Schools: Big rich Texas
(DBN)

Another Alleged Break-In at a Top-Tier Law School
(DBN)

Send in the Externs
(DBN)

Given an F Grade, Fla. Law Firm Sues BBB in Federal Court Alleging False Advertising and Defamation
(DBN)

UK’s High Court for the First Time OKs Service Via Facebook
(DBN)

Best iPad Accessories
(DBN)

Finally! Smart Documents for the Rest of Us
(DBN)

Corporate Clients Should Ask Specific Questions About Law Firm Computer Security, Experts Say
(DBN)

Private Prison Profiteering
(DBN)

Supreme Court to Revisit Affirmative Action
(DBN)

Workaround Solutions - Law schools have had to find new ways to boost their minority enrollment
(DBN)

Man v. Mom: Son Seeks to Evict His Mother, 98, From Her Home of Nearly 60 Years
(DBN)

Lawyerly Lothario’s Lawsuit Against His Hot Exes Gets Tossed
(DBN)

The New York Times Spills the Beans on the Casey Greenfield / Jeffrey Toobin Affair
(DBN)

Man Claims School Cop Went Wild
(DBN)

Can You Handle the Truth? Ten Best Movie Lines Named
(DBN)

Someone's Hungry
(DBN)

______________

Judges:

Judge, 92, Works Without a Paycheck, Doesn’t Know What Else He Would Do --- "I'm not trained to be a butcher"
(DBN)

Bankruptcy court plans move to Burlington
(DBN)

Chief Justice Roberts rejects request for code of conduct
(DBN)

Judge vacancies are harming America's justice system
(DBN)

A Judge and an Arbitrator Too?
(DBN)

Judge Pando Flap -- Does Case Hold Water?
(DBN)

Judicial pay challenge clears hurdle at Federal Circuit
(DBN)

Judge Keeps Tight Leash in BP Litigation
(DBN)

______________

Wall Street:

US stock futures mixed, economic data eyed
(DBN)

World stocks muted on China data, Greek debt fix
(DBN)

Dow hits 13,000 for first time since May 2008 --- Up nearly 100% from bear market lows of March 2009 --- US Stocks Erase Gain While Crude Oil Jumps to Nine-Month High
(DBN)

______________

Layoffs:

Congress Targets Federal Workers for Savings
(DBN)

LightSquared plans to cut 45 percent of workforce
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

Church Street Health Management Files for Bankruptcy
(DBN)

Obama administration loans $638M in startup money for health insurance co-ops in 8 states
(DBN)

A Brain Chemical That May Cause Gambling Addition, or Bankruptcy
(DBN)

Former Quincy Medical Center executives claim $603,000 after termination
(DBN)

______________

Municipalities:

California city and county pensions in trouble, report says --- $135.7B short in local pension liabilities
(DBN)

______________

Telecoms:

LightSquared to Default on Payment, Inches Closer to Bankruptcy --- To lay off 45 percent of workforce
(DBN)

______________

Museums:

Slavery Museum Files Bankruptcy -Exit Plan
(DBN)

______________

Fraud:

Madoff Trustee and Mets' Owners Aim Final Beanballs at Each Other Ahead of Summary Judgment Hearing This Week
(DBN)

UniCredit wins dismissal of Madoff claims
(DBN)

Rakoff Dismisses More Claims By Madoff Trustee ‎
(DBN)

Rajat Gupta Seeks Dismissal of One Securities Fraud Charge
(DBN)

Kinnucan Indicted In Expert-Network Insider Case
(DBN)

Former UM assistant confirms some allegations by Nevin Shapiro, denies others
(DBN)

Kato Kaelin, Playboy bunny ordered to appear in Fair Finance hearings
(DBN)

______________

Autos:

At least 6-7 parties bidding on Saab... could BMW be one of them?
(DBN)

______________

Resorts:

Judge Approves Resorts-Marriott Settlement Over Doral Resort
(DBN)

______________

Corporate Reform:

Can Richard Cordray Win Over Consumer Financial Protection Bureau Foes?
(DBN)

How Obama's financial watchdog can prove himself
(DBN)

Who's worried about the CFPB?
(DBN)

CFPB Proposes Rule to Supervise Larger Participants in Consumer Debt Collection --- A few interesting points about the proposed “larger participant” debt collector rule
(DBN)

Can the CFPB Make Debt Collectors Reveal their Privileged Documents? ‎
(DBN)

Michael Klozotsky on Debt Collectors as “Chopped” Liver
(DBN)

Cordray: Credit Bureaus Are A "Murky Unknown" To Consumers
(DBN)

Volcker Rule Critical for the 99%
(DBN)

Cordray Announces US Inquiry Into Bank Overdraft Policies
(DBN)

______________

Consultants:

Bob Ogle Joins The Claro Group
(DBN)

 

______________

Economy:

Hard-fought Greek bailout deal saps demand for safe assets, pushing Treasury prices lower
(DBN)

Confidence in economy wanes: Gallup
(DBN)

Obama Will Propose Removing Corporate Tax Breaks While Cutting Rate to 28%
(DBN)

Sears Layoffs Shows Futility of Corporate Welfare
(DBN)

Is America's Recovery for Real?
(DBN)

False Recovery 2.0: 2012 Looks Like 2011
(DBN)

Manufacturing PMI Comes In Weak For China And The Eurozone
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Grubb & Ellis Co. assets sold in Chapter 11 bankruptcy --- Kerrigan: NNN merger sank Grubb & Ellis --- Firm: Grubb & Ellis sale "seamless" for clients
(DBN)

Fannie Mae and Freddie Mac Require Investment, DeMarco Says --- Housing regulator wants Congress to shrink Fannie Mae, Freddie Mac
(DBN)

Mortgage plan calls for single securities platform --- Fannie, Freddie Regulator Looks to Unify Mortgage Securities --- Plan to build new secondary mortgage market
(DBN)

Watchdog: Limit Fannie, Freddie legal fees more --- US covering millions in Fannie Mae executives' legal costs
(DBN)

Citigroup 'Defrauded' Fannie, Freddie, Whistle-Blower Claims
(DBN)

Pimco Said to Quit Mortgage-Bond Group After Foreclosure-Deal Disagreement
(DBN)

LPS: Delinquency rate falls to 7.97% in January
(DBN)

Houston home sales lift off 9.2%
(DBN)

Previously Owned U.S. Home Sales Probably Rose to Highest Since May 2010
(DBN)

Fannie Mae says housing to boost GDP for first time in seven years --- Chicago Fed report shows housing still a drag on economy
(DBN)

Construction Jobs Rebound as US Homeowners Increase Remodeling
(DBN)

Zell Lifts Bid for Banks' Stake in Archstone to $1.5 Billion --- New Shot Clock for Archstone Bid
(DBN)

Bid for Apartment Giant Finds Zell on Familiar Turf
(DBN - NY Times - Paywall Limit Possible)

DelShah Capital helps settle bankruptcies at two Manhattan properties
(DBN)

KBW analysts expect CRE growth to slow down in 2012
(DBN)

Fitch downgrades CMBS, including bond holding Credit Suisse US HQ
(DBN)

_____________

Debt Collection:

Court Order Halts Debt-Collection Operation FTC Calls Fraudulent
(DBN)

Allegations of Collection Agency Attorney Abuses in Indianapolis
(DBN)

MN: State slams another debt collector
(DBN)

A Hatchet Job on Debt Collectors
(DBN)

______________

Future Contracts:

Are commodity merchants "swap dealers" by any other name?
(DBN)

______________

Celebs:

Alcoholism, bankruptcy and the unhappy story of Leigh Steinberg --- ‘Jerry Maguire’ and Free Fallin’
(DBN)

______________

Hotels:

Bad timing rubbed out hotel dreams
(DBN)

Dallas hotel firm hired to manage 12 distressed properties
(DBN)

______________

Food/Beverage:

Snokist bidding process unfair to potential buyers, groups say
(DBN)

A&P Bankruptcy Saga Nears End, but Pain Just Beginning for Thousands of Workers
(DBN)

Quiznos Turns to Former Friendly's Exec
(DBN)

Having Words With: James Greco
(DBN)

______________

MF Global:

Failure of MF Global Creates Tax Nightmare for Farmers
(DBN)

The blame game
(DBN)

ASM Capital announces plans to purchase MF Global customer claims
(DBN)

MF Global's brokerage staff dwindles to 80
(DBN)

MF Global: A tale of two chief risk officers
(DBN)

______________

Mass Torts:

Court affirms denial of “contingent” asbestos claims against liquidation estate of excess insurer
(DBN)

______________

Financial Planners:

BCSC Panel Freezes Assets
(DBN)

______________

Banking:

Dexia bondholders avoid Irish fate
(DBN)

Consumer-finance watchdog probes overdraft fees
(DBN)

______________

Accounting:

Second Circuit Revives Parmalat Trustee's Claims Against Grant Thornton
(DBN)

______________

Compensation:

Clawbacks: Bad for Banks, Bad for Shareholders --- Clawbacks roil European banks ‎
(DBN)

HSBC To Shareholders: This Bonus Bill Isn't Going To Pay Itself
(DBN)

______________

Corporate Governance:

Court of Chancery Appoints Receiver as Remedy for Contempt in Books and Records Action
(DBN)

______________

Defaults:

S&P: Two Issuers Default This Week, Raises 2012 Tally To 16
(DBN)

______________

Religion:

Archdiocese seeks court ruling to refute abuse allegation
(DBN)

ie: Prelate forced to resign over sex cover-up
(DBN)

Disgraced American Bishop was honored guest at Ireland’s Vatican Embassy
(DBN)

______________

Lehman:

Nevada will get 30-33 cents on dollar from Lehman Brothers bankruptcy
(DBN)

Lehman to Seek Approval for Proposal to Boost First Payment to Creditors
(DBN)

______________

Golf:

Judge allows golf to go on at Trinitas
(DBN)

______________

Alternative Energy:

Solyndra bonuses reduced; fired workers irked
(DBN)

______________

Glass:

Vitro Jumps to Highest Since 2008 After Restructuring Approval
(DBN)

______________

Pensions:

Restructuring experts can hold pension plans' future in their hands
(DBN)

______________

Shipping:

General Maritime Plan 'Unconfirmable,' Unsecured Creditors Claim
(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 (86 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:

Qualteq, Church Street, NewPage, CDC, GSC, Snokist
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Claims Trading:

Bankruptcy trading claims in January send "mixed signals"
(DBN)

______________

Claims:

Cold Comfort for Class Action Plaintiffs in the Fourth Circuit: Court of Appeals Permits Filing of Class Claims But Gives Bankruptcy Court Significant Discretion in Applying Bankruptcy Rule 7023
(DBN)

______________

Bankruptcy Reform:

Blumenauer Fights to Have Bankruptcy Laws Changed
(DBN)

______________

Litigation:

When Merger Suits Enrich Only Lawyers
(DBN)

The Duty to Know Your Client's Computer System
(DBN)

Perhaps no other ruling has cut down so many big plaintiffs' claims, so fast, as Morrison.
(DBN)

Discovery Service Companies And Unauthorized Practice
(DBN)

______________

Aviation:

Flight attendant videos get him in hot water, starts online petition to get rid of American management
(DBN)

AMR executive says "re-gauging" fleet will generate over $600 million in incremental revenue --- American Airlines aims to bolster routes, fleet
(DBN)

AMR Says $1 Billion Revenue Goal Hinges on Concessions by Unions
(DBN)

AMR in Bankruptcy to Pare New York Flights in Peak Travel Season
(DBN)

American to Create a Premiere Airline
(DBN)

Hopes dashed for Air Australia
(DBN)

Pressure Piles On India's Kingfisher After Flight Cuts
(DBN)

Will high expenses, huge losses drive others the Kingfisher way?
(DBN)

______________

Bankruptcy Crimes:

Belleville Woman Guilty of Fraud
(DBN)

______________

Insurance:

William Marcoux leaves Dewey for DLA Piper
(DBN)

______________

Politics:

N.J. Gov. Christie to stump for Sen. Brown
(DBN)

Scott Brown's Risky Gamble
(DBN)

Elizabeth Warren is my kind of girl ‎
(DBN)

Scott Brown Opens 9-Point Lead Over Elizabeth Warren
(DBN)

Massachusetts U.S. Senate candidate Elizabeth Warren still building recognition on campaign trail
(DBN)

Scott Brown and Elizabeth Warren: Profiles of Massachusetts' top U.S. Senate candidates
(DBN)

Why Romney is Collapsing
(DBN)

The Scandal Rocking Mitt Romney's Campaign
(DBN)

______________

Financial Literacy:

How One Company Teaches Employees the ABCs of Finance
(DBN)

______________

UK:

Rangers FC administrators' update 21 February 2012
(DBN)

Rangers' case sounds tax warning football clubs would do well to heed
(DBN)

Britain could be forced to pay further £1.6billion as Greece bailout agreed
(DBN)

U.K. Lawmaker Targets Bank Executives
(DBN)

______________

EU:

Greek Rescue Leaves Europe Default Risk Alive
(DBN)

European Stocks Fall as Retailers Drop
(DBN)

Euro-Area Manufacturing, Services Unexpectedly Shrink
(DBN)

The Disorderly Default in Your Closet Eupdate
(DBN)

Top Banks in EU Rush for Safety
(DBN)

Across Europe, cutbacks have caused economic pain without lightening burden of government debt
(DBN)

Germany Unfairly Treated in Crisis, Ex-Irish Leader Bruton Says
(DBN)

German Risk Exposure to Greece Rises After Bailout, Welt Says
(DBN)

China Will Participate in Europe Rescue Plan, IMF's Syed Says
(DBN)

______________

PIIGS:

Greece Reaches Agreement on Biggest Sovereign Restructuring --- Braced for protests --- Bailout saves Greece for now, but can it survive the terms? --- Deal A Farce To Benefit Banks At The Expense Of Greece
(DBN)

Germany Says Greece Missing Debt Targets in Fresh Aid Rebuff
(DBN)

Greece gets a reprieve, but crisis not over
(DBN)

Report: Greek Bondholders – Banks and Insurers – Set for 74% Haircuts
(DBN)

Greek government plays down 'degrading' budget inspections
(DBN)

The 'unprecedented' Greek bailout: Will it work? --- Greece bailout: six key elements of the deal --- Greek race to unlock bail-out
(DBN)

Greeks still fear bankruptcy despite bailout
(DBN)

The One Stat Where Greece Is Beating America
(DBN)

Greek relief over bailout fails to soothe anger from voters --- Greeks will suffer for five years as part of resolving eurozone crisis
(DBN)

This Is Really Only The “Second” Greek Bailout?
(DBN)

Greece Isn't Avoiding Default...It's Managing Default
(DBN)

Bailout Greeks 'like drug addicts after next dose'
(DBN)

Greece's moment of truth and the G20's challenge
(DBN)

Banks Likely to Take Part in Greek Swap
(DBN)

Will Spain's Lotto Town Avoid Bankruptcy ?
(DBN)

Portuguese reject govt call to work on Carnival
(DBN)

Italian, Spanish Bonds Gain for Fourth Day as Greece Wins Bailout Package
(DBN)

______________

Canada:

Personal Bankruptcy Filings on the Rise in Canada
(DBN)

Personal Bankruptcy Canada – Downward Trend in Consumer Insolvency
(DBN)

______________

Australia:

Federal law to target executive bonuses
(DBN)

______________

Korea:

Korean corporate nfailures fall in January ‎
(DBN)

______________

Japan:

Dollar rises to 7-month high versus yen
(DBN)

______________

 

 

 

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Copyright 2011