February 23, 2012

The Daily Bankruptcy News

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Law:

Lawyers Defending Former Glock General Counsel Question Company’s Involvement in His Prosecution
(DBN)

In-House: Getting Inside (Part I)
(DBN)

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

Mattel, River Rights, Philip Morris, SAC, Goldman in Court News
(DBN)

Two More Charged in Murder of Ala. Law Firm Partner
(DBN)

Lawyer and ex-CEO convicted of $110 mln fraud is disbarred
(DBN)

New York Lawyer Is Rescued After Spending Nearly 20 Hours Lost on Mountain
(DBN)

Law Prof’s Upcoming Book Chronicles Oversupply of New Lawyers, Proposes Flexible Legal Ed System
(DBN)

Twenty Additional Law School Class Action Suits Are in the Works; Is Your School One of Them?
(DBN)

Law School Transparency: Is there a point in this text?
(DBN)

Court splits up age discrimination case against law schools
(DBN)

Ignored 911 Call Fatal As Police Tend To Occupy Protest Instead
(DBN)

Lawyerly Lairs: The Real Homeowners of D.C.
(DBN)

Casey Anthony's lawyer says he quits ‎
(DBN)

Time Inc. Lawyer Writes a Novel ‎
(DBN)

Want to Build a Better Life? Lawyer Profiled in Book of ‘Wisest Americans’ Offers Insights
(DBN)

Career Alternatives for Attorneys: Truck Driver
(DBN)

"Bride burning"
(DBN)

SAC’s Cohen Hid $5.5M From Ex-Wife: Lawyer
(DBN)

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Judges:

Another Federal Judge Retains Counsel for an Individual Claiming to Have Been Fired Due to Jury Duty
(DBN)

Critics Call San Antonio’s Unusual Animal Court a Waste of Taxpayer Money
(DBN)

Judge, get back on the bench
(DBN)

4th Circuit Unloads on Government's Use of Disrespectful and Uncivil Language in Appellate Brief
(DBN)

Workers say Broward courthouse made them sick
(DBN)

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Wall Street:

Stock index futures signal gains
(DBN)

European Stocks Retreat, Led by Carmakers
(DBN)

Growth concerns hit stocks, oil at 9-month high
(DBN)

Stocks Lower Day After Dow's Blip Above 13,000
(DBN)

Weak euro zone data weighs on European shares
(DBN)

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Layoffs:

Payroll bill alters jobless system
(DBN)

Los Alamos Lab plans to offer buyouts to up to 800
(DBN)

Valerie Jarrett: 'People Who Receive that Unemployment Check Go Out and Spend It and Help Stimulate the Economy'
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Providence retirees may face 73% haircut in bankruptcy
(DBN)

Providence paying $395 an hour for Flanders' firm
(DBN)

Gov. Quinn talks cuts and consolidations in budget address --- Notable quotes
(DBN)

California is America's Least Favorite State
(DBN)

9 Worst Recession Ghost Towns in America
(DBN)

Stockton Fighting in Shadow of Vallejo to Avoid a Date in Bankruptcy --- Stockton to pursue bankruptcy? --- Stockton bankruptcy first step likely
(DBN)

______________

Politics:

Elizabeth Warren seeing $tars --- Sen. Scott Brown and Elizabeth Warren take fundraising efforts outside Massachusetts
(DBN)

White House wants election year fight over taxes
(DBN)

‘A narrative of ... life under a Romney presidency’
(DBN)

Mitt Romney Defends 2008 Stance To 'Let Detroit Go Bankrupt'
(DBN)

______________

Alternative Energy:

Solyndra Ex-Workers Denied Bid to Challenge Lender Releases --- Bankruptcy judge approves Solyndra bonuses
(DBN)

Former Solyndra plant and headquarters up for sale
(DBN)

Fisker Automotive says rumors of impending bankruptcy premature
(DBN)

Chu to Discuss Energy Loans in Senate Appearance With Allison
(DBN)

Solyndra Replaces Homicides for Ex-Prosecutor Known as 'T-Bone'
(DBN)

______________

Banking:

Are Banks Manipulating Your Transactions To Charge You An Overdraft Fee?
(DBN)

Why Banks Are Getting Haircuts
(DBN)

Europe's banks bleed from Greek debt crisis
(DBN)

______________

Corporate Governance:

Taking a Look at the Limits of Indemnification
(DBN)

______________

Gambling:

MGM Resorts Posts Narrower Loss as Strip Gambling Recovers
(DBN)

______________

Telecoms:

Documents: LightSquared Shaping Up as FCC's Solyndra
(DBN)

The class action against LightSquared's Falcone
(DBN)

______________

Aviation:

Pilots are spending plenty to lessen damage from American Airlines proposal
(DBN)

A breakdown of planned employees cuts at American Airlines
(DBN)

The battle of motions over retiree committee, other matters
(DBN)

American Airlines Agents Press Bankruptcy Judge to Bar AMR Corp. From Making Unilateral Changes in Compensation, Conditions, While Union Representation Election Proceeds
(DBN)

AMR pulling back in NYC as it reorganizes in bankruptcy
(DBN)

American Airlines to reduce jobs without layoffs --- Union says 500 layoffs averted
(DBN)

Flight Attendant's Petition Seeks New Leaders at American Airlines
(DBN)

What Recoveries Can American Airlines & Global Aviation Creditors & Equityholders Expect? Infographics Summarizing Guidance from 10 Years of Airline Bankruptcies
(DBN)

Banks say no bailout deal yet for Kingfisher --- Outlook dims further
(DBN)

______________

Oil/Gas:

Once Again, Speculators Behind Oil and Gas Prices

Gas Use Declines as Prices Rise
(DBN)

______________

Awards:

O'Keefe & Associates, Director Win M&A Advisor Turnaround Awards
(DBN)

______________

Religion:

Decentralization Defense: Might get Vatican off hook but maybe not Philadelphia archdiocese
(DBN)

______________

Economy:

Obama's tax rate on dividends to soar to 44.8%...Retirees hit hard --- 3 Reasons To Fear Obama's Dividend Tax Increase --- Tax reform to believe in --- Are Small and Medium Businesses on the Menu? --- Overhaul takes aim at tax havens --- To close tax loopholes, Obama would open new ones --- Tax Reform Derided by Republicans, Businesses --- House GOP tax chief praises Obama for releasing plan --- The GOP's Real Tax Cut Goal Has Nothing To Do With The Middle Class --- Factbox: Winners, losers in Obama corporate tax plan--- The Paradox of Corporate Tax Reform --- Experts react to Obama’s corporate tax proposal
(DBN)

Cutting Corporate Taxes Is A Good Idea, But It Won't Stimulate The Economy --- Why Lower Corporate Taxes Won't Create More Jobs
(DBN)

Percentage of Americans who pay no federal income tax hits 49.5
(DBN)

Obama Plans To Cut Corporate Taxes, But How Much Do Companies Really Pay?
(DBN)

Warren Buffett Endorses "Buffett Rule" Bill --- Christie To Warren Buffett: 'Just Write A Check And Shut Up'
(DBN)

A huge tax increase will hit rich Americans in 2013
(DBN)

Florida Drivers Shelling Out Nearly $6 A Gallon At Some Gas Stations
(DBN)

The Collapse Of US Manufacturing Is Centered On One Sector
(DBN)

Americans' Satisfaction Almost as Low as It Was Under Carter
(DBN)

Santorum's Satan Warning
(DBN)

011 Q4 US Household Financial Distress Map
(DBN)

Life expectancy actually rises during recessions
(DBN)

More U.S. Small Businesses Plan to Increase Capital Spending
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Sales of previously occupied homes rose 4.3 pct. in January, highest level in almost 2 years--- Distressed Properties Help Boost US Home Sales
(DBN)

Treasury shields HAMP dollars away from AG settlement
(DBN)

Barofsky Says Mortgage Settlement More of a Subsidy than Punishment
(DBN)

FNC House Prices, Zillow's forecast for Case-Shiller
(DBN)

States may tap mortgage settlement for budget gaps
(DBN)

The " Robo-Signing Settlement: Seeds of Recovery, Or Chaos? ‎
(DBN)

Realtors Slam Obama Foreclosure -Rental Plan
(DBN)

Housing's Dilemma: There's Not Enough To Buy
(DBN)

Current Mortgage Rates for Wednesday, February 22, 2012
(DBN)

The mortgage settlement may not end the Kakfaesque failures of your mortgage servicer
(DBN - NY Times - Paywall Limit Possible)

Florida home prices dip, but key metrics on the mend
(DBN)

Mortgage applications down 4.5% on slower home sales, refinancings
(DBN)

Property values fall as distressed properties take their toll
(DBN)

Rising sales point to better year for housing
(DBN)

Architecture Billings Index indicated expansion in January
(DBN)

Freddie follows Fannie with cautiously optimistic housing report
(DBN)

Toll Brothers reports 1Q loss on lower revenue
(DBN)

Uncle Sam's Fire Sale. Minimum Investment: $1 Billion
(DBN)

Foreclosure errors continue, survey says
(DBN)

Foreclosure Scout Shares The 'Dirty Tricks And Blatantly Illegal Practices' Of His Job
(DBN)

Foreclosure Dispatches: Views From Around the Country
(DBN)

Foreclosure Abuse Rampant Across U.S.
(DBN)

Florida foreclosure fast-track bill advances to House floor
(DBN)

Past foreclosure means waiting years for new loan
(DBN)

NY To Require That Banks Send Decision-Makers, Not Mouthpieces, To Foreclosure Proceedings
(DBN)

MERS wins dismissal of county recording fee case
(DBN)

Banks face crisis in bungled commercial mortgages
(DBN)

Gov't Seeks Smaller Role for Freddie, Fannie
(DBN)

Tozer: Ginnie Mae backs nearly all FHA, VA mortgages
(DBN)

Wells Fargo pays employee incentives for mortgage workouts
(DBN)

_____________

Celebs:

Feds sue anti-war activist Cindy Sheehan over back taxes
(DBN)

Allen Iverson reportedly bought new clothes on road trips so he would not have to carry luggage --- Who's to blame?
(DBN)

______________

Fraud:

Trustee Says Mets Saw Madoff as House Money
(DBN)

Mets Owners Seek to End $386 Million Madoff Suit Without Trial
(DBN)

Why Rakoff dumped Picard's $60 bln RICO case v. Unicredit
(DBN)

Houston Prosecutor Gregg Costa Has Kept Stanford Case on Track --- Stanford Fraud Trial Resumes Following Illness Interruption
(DBN)

SEC Seeks Testimony of Ex-IKB Employee in Suit Against Goldman’s Tourre
(DBN)

______________

Retailing:

Fuller Brush, Door-to-Door Icon, Seeks Bankruptcy Protection
(DBN)

______________

MF Global:

Should you sell your MF Global claim? --- MF Global Customer-Claim Trading Shows Concern Over U.K. Returns
(DBN)

______________

Lehman:

Lehman Wins Approval for Plan to Boost First Creditor Payout
(DBN)

The Unenforceability of Flip Clauses in Swap Agreements
(DBN)

Marsal: 'We need to have a boss of all regulators'
(DBN)

______________

Pensions:

The Pension Benefit Guaranty Corporation's Real Crisis
(DBN)

______________

Corporate Reform:

Watchdog agency probes banks' overdraft fees
(DBN)

Tweet Me A Tale Of Overdrafts
(DBN)

3 Ways the CFPB Can Improve Overdraft Practices ‎
(DBN)

Aimed at banks, Volcker Rule hits unlikely targets
(DBN)

Volcker Rule Threatens Recovery: Finance Ministers
(DBN)

Cordray's Former GC on the CFPB Director's Past and Future
(DBN)

______________

Museums:

US National Slavery Museum loses its tax-exempt status --- Slavery Museum's Chapter 11 Plan Depends on Donors
(DBN)

Troubled mob attraction to reopen in Las Vegas
(DBN)

______________

Health Care:

Hospitals: Quinn Medicaid cut could force closures
(DBN)

______________

Autos:

A New Twist for GM in Europe?
(DBN)

______________

New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (35 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, HearUSA, Lehman, AMR, GenMar, NewPage
(DBN)

MF Global Claims, Keydata-FSA, Peacocks Sale, Madoff
(DBN)

The Divide Between Banking and Bankruptcy
(DBN)

Rochelle on Madoff, Grubb & Ellis, WaMu, MF Global
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Consumer Bankruptcy:

Determining Meaning of Debtor’s Principal Residence Under BAPCPA
(DBN)

______________

Local Rules:

Local Rules Committee for Southern District of New York Wants to Ensure Litigants Keep Things Consensual
(DBN)

______________

Trustees:

Quasi-Judicial Immunity Shields Trustee from Personal Liability
(DBN)

______________

Litigation:

District of Delaware adopts default standards for e-discovery
(DBN)

______________

Insurance:

D&O Insurance: When is a Claim First Made?
(DBN)

______________

Tax:

Obama: Slash corporate tax breaks
(DBN)

Obama, Romney release dueling tax plans --- Obama, Romney Tax Plans Propose Unfunded Corporate Rate Cuts --- Selling Obama's new tax plan
(DBN)

______________

Baseball:

Dodgers bankruptcy case on track
(DBN)

Beaten fan's lawyer: Dodgers should face suit
(DBN)

Dodgers using Bankruptcy Court as shield, Bryan Stow lawyers say
(DBN)

How Bernie Madoff's Money Ran The Mets
(DBN)

______________

Photography:

Kodak Case Against Apple, HTC to Be Investigated by Agency
(DBN)

S&P Asgns Rtgs To Eastman Kodak DIP Facility
(DBN)

Oscars to drop Kodak name from awards show
(DBN)

______________

Shipping:

Bankruptcy Court Bars Shipping Act Claims From Being Brought Before Federal Maritime Commission
(DBN)

______________

Golf:

Auction of Harahan country club postponed by last-minute bankruptcy filing
(DBN)

______________

Cross-Border:

Arctic Glacier Inc. Files for Bankruptcy Protection in U.S.
(DBN)

______________

Mass Torts:

BP, Anadarko Petroleum Liable for Pollution Law Violations, Judge Rules
(DBN)

BP Spill Victims Still Feel Economic Impact as Trial Nears
(DBN)

______________

Sovereigns:

Robert Shiller Has 1/1,000,000, 000,000th Of Greece He’d Like To Sell You
(DBN)

______________

UK:

Rise in number of distressed law firms
(DBN)

Tax revenue plunges in UK after 50% rate implemented
(DBN)

The rise of the clawback
(DBN)

Executives 'left to pay tax bill' on clawbacks
(DBN)

______________

EU:

Germany fights eurozone firewall moves
(DBN)

Junk Returns Seen Soaring as European Debt Crisis Abates
(DBN)

ECB Preparing To Close Liquidity Floodgates
(DBN)

Europe’s inevitable Greek divorce
(DBN)

Greek Bailout Leaves Europe on Road to Disaster
(DBN)

Huge Private Debts Pose Another Hurdle for Euro Zone
(DBN)

Euro Economy to Contract as Italy, Spain Tumble --- EU stagnates
(DBN)

Key business survey shows Germany picking up speed
(DBN)

______________

PIIGS:

Fitch Downgrades Greece, Near-Term Default 'Highly Likely'
(DBN)

BNP's Lemierre Says Few Bonds Held By Funds Seeking Greek Bankruptcy-Paper
(DBN)

Greece pores over bailout laws amid protests
(DBN)

Growing Air of Concern in Greece Over New Bailout --- Despite New Bailout, Sacrifice, Greece Still on Edge of Default
(DBN)

Greece readies debt swap under bailout deal
(DBN)

Who Benefits From The Greek Bailout? The Greeks Or Creditors
(DBN)

Bond Myths Are Exposed by Greece
(DBN)

SMEs folding at a rate of 1,000 per week
(DBN)

Some Greeks Might Have to Pay for Their Jobs
(DBN)

Greek farmers clash with police
(DBN)

RBS, Commerzbank and Credit Agricole Take Greek Hit
(DBN)

Seat Pagine Gialle extends debt deadline again
(DBN)

7 Members Of The Italian Government Living A Lavish Lifestyle While The Country Copes With Austerity
(DBN)

Portugal Needs More Money To Stay Afloat
(DBN)

Fitch: debt forgiveness a potential concern for Irish RMBS
(DBN)

Portugal progress reassessed
(DBN)

______________

Canada:

Equifax Uncovers $400M In Mortgage Fraud In Canada
(DBN)

Arctic Glacier Pursues Recapitalization Via CCAA Filing
(DBN)

Royal Coal needs restructuring
(DBN)

The Nortel Pension Debacle
(DBN)

Scams keep Canada's securities watchdogs busy
(DBN)

______________

MENA:

Legal limbo stymies Dubai debt recovery
(DBN)

______________

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