February 24, 2012

The Daily Bankruptcy News

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Law:

A Flat Year for Profits at Shearman
(DBN)

Proskauer Maintains Upward Trajectory
(DBN)

Sluggish Second Half Helps Slow Cahill's Growth
(DBN)

Reed Smith sees PEP slide as revenue rises
(DBN)

Attorney in Big Rivers bankruptcy reprimanded --- Opinion
(DBN)

BNY Mellon, Citigroup, Berkshire Hathaway, Jordan in Court News
(DBN)

India to Foreign Lawyers: C’Mon in But Don’t Stay Too Long
(DBN)

With Recent Hire, Bingham Aims to Turn "Talent" into More Than a Buzzword
(DBN)

Are You Enough of a Pain to be a Leader?
(DBN)

The crisis in legal education
(DBN)

UNC Law Prof Sends a ‘Rather Embarrassing’ Request, Asks Former Students to Help His Online Rating
(DBN)

From Biglaw to Boutique: Growing Pains
(DBN)

Firm to go beyond legal with new high-net private client business
(DBN)

Unhappy Linklaters partners stall Davies reappointment as managing partner
(DBN)

Ex-Lawyer of the Day: ‘An Unprecedented Lack of Common Respect and Decency’
(DBN)

In-House: Don’t Tell Obvious Lies!
(DBN)

Steps to Take in Order to Make an Effective Elevator Pitch
(DBN)

Keep Your Hands off My Briefs: Lawyers Sue Westlaw, Lexis
(DBN)

After a Month in Prison, Ex-BigLaw Partner Who Lied to Police Wins Release, Due to Wife’s Illness
(DBN)

2 charged in death of girl forced to run for three hours
(DBN)

Top 3 Comedians Who Were Lawyers
(DBN)

Court Orders Man To Apologize To Estranged Wife On Facebook
(DBN)

Police Brutality Verdict with a Twist: A Playmate
(DBN)

Richard Steinberg, Miami Beach House Rep., S---- To Married Prosecutor
(DBN)

Woman Facing Jury Trial Over $2 Pumpkin She Accidentally Stole, Offered To Pay For
(DBN)

Police Department Sets Up Hidden Cam To Catch Cop Stealing From Cops' Fridge
(DBN)

A Biglaw Bathroom Blind Item
(DBN)

Felicia Moon, Ex-Wife Of Former NFL Quarterback Warren Moon, Arrested
(DBN)

Woman Arrested For Trying To Hire Hitman To Kill Random Fur Wearer
(DBN)

Judge strips Naked Cowboy
(DBN)

Man Kidnaps 2 Kids After Helping Family With Car That Broke Down
(DBN)

Cops: Dad hits son for not paying attention to Obama speech
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Talks Lies and the Lying Liars Who Tell Them
(DBN)

Hearing to Determine If Defense Counsel and Judge Had ‘Secret Deal’ re Capital Murder Defendant
(DBN)

Judge Rules for 9th Circuit Staff Lawyer Seeking Federal Health Benefits for Same-Sex Spouse
(DBN)

Scalia Courted as Unlikely Obama Ally in Top Court Health Battle
(DBN)

Quotable quotes from judge Alex Kozinski
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Wall Street:

US stock futures signal higher Wall St open
(DBN)

U.S. Market Moves Ahead
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Layoffs:

U.S. Postal Service to Cut 5.4% of Jobs by Closing Almost Half of Plants --- 35,000 Cuts
(DBN)

P&G to cut 5,700 jobs in restructuring
(DBN)

Republican Bill Would Strip Fed's Jobs Mandate
(DBN)

Extended unemployment claims drop by 52,000
(DBN)

Jobless Claims Treading In The ‘Comfort Zone,’ For Now
(DBN)

Long-Term Unemployed Man: 'It's Absolutely Retarded' That I Keep Getting Checks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
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Corporate Reform:

New US finance sheriff carves out shadowy domain
(DBN)

Rodge Cohen: Dodd-Frank Fixes "Too Big To Fail"
(DBN)

Banks lobbied to weaken the Volcker Rule, then encouraged foreign governments to trash it
(DBN)

And Now A Clever Bit Of Volcker Rule Lobbying
(DBN)

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Mass Torts:

BP, Anadarko, Transocean may face U.S. spill claims --- Transocean shares up after judge's Macondo ruling --- Gulf oil spill trial--Let the fingerpointing begin
(DBN)

Halliburton Still Haunted over Misrepresenting Previous Asbestos Liability
(DBN)

Philadelphia Judge Rejects Pa. as Forum for Texas Asbestos Plaintiffs
(DBN)

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Retailing:

Sears spins off stores after $2.4bn loss --- To $770 Million With Store Sales, Split --- Sears: America’s Hottest Stock in 2012 Just Got Even Hotter --- Sears' survival plan sends stock surging --- Sears' Turnaround Still Going the Wrong Way --- Time is running out for Sears Canada, warns analyst
(DBN)

Melich Doesn't See Sears Bankruptcy in 2012
(DBN)

Lampert Gains $160 Million Buying Sears Shares From Ziffs
(DBN)

Dish Network Closing 500 Blockbuster Stores
(DBN)

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Health Care:

Bankruptcy is filed for Park Pointe Senior Living facility
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Golf:

Bankruptcy Forces Country Club To Halt Auction Plans
(DBN)

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Hotels:

Comfort Suites City Centre near Lucas Oil Stadium files bankruptcy
(DBN)

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Aviation:

American Airlines Workers File A Court Motion On Wages And Working Conditions
(DBN)

AMR Exec: 'We Add Flights, We Add Revenue'
(DBN)

Creditors, AMR want retirees kept off committee
(DBN)

Hungarian airline's bankruptcy causes ripple effects in Southeast Europe
(DBN)

Kingfisher and the ills Indian capitalism: banking imprudence crony capitalism failed regulation & poor corporate governance
(DBN)

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MF Global:

CFTC to Consider Post-MF Global Futures-Collateral Safeguards
(DBN)

Regulators Move to Prevent Another MF Global
(DBN)

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Bookstores:

Nebraska Book Company Gets Extension on Reorg
(DBN)

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Economy:

US jobless claims hold steady at 4-year low --- Extended unemployment claims drop by 52,000
(DBN)

Obama's business tax reform: A good start --- Economists don't like some of Obama's corporate tax plan --- The corporate tax 'shell game' --- Why lower corporate tax rates won't help the US --- The corporate tax myth --- Tax Cuts Should Create Growth, Not Junk Spendingq --- Giving Tax Edge to Manufacturing Carries Risks --- Obama's Corporate Tax Cut Plan Faces Uphill Battle--- Romney Calls for 20% Income Tax Cuts
(DBN)

Republicans' deficit card loses its appeal
(DBN)

You Don't Pay Tax Rate You Think You Do
(DBN)

Atlanta Fed Survey Finds Long-Term Inflation Worry
(DBN)

How to Save US Manufacturing Jobs
(DBN)

Gasoline Is The Real Wild Card In This Economy
(DBN)

America's Per Capita Government Debt Worse Than Greece
(DBN)

Baltic Dry, Dr. Copper Flashing Warning Signs
(DBN)

Lehman's Ghost Unsuccessfully Haunts Geithner
(DBN)

Effects of government stimulus remain a mixed bag
(DBN)

H. Rodgin Cohen : Greece 'not a problem' for U.S.
(DBN)

Everyone hates Bernanke, so he must be a great Fed chair. Or something.
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Housing Takes Another Step Out of The Cellar
(DBN)

Stocks Get Lift From Unlikely Source: Improving Home Prices
(DBN)

30-Year Mortgage Rate Rises Above Record Low
(DBN)

Why You Need To Keep Your Eyes Focused On Home Inventories
(DBN)

The toothless mortgage settlement proves banks are "too big to jail"
(DBN)

Ranieri: The Case for Converting Foreclosures to Rentals
(DBN)

NY judges aim to reduce foreclosure backlog
(DBN)

BofA Halts Routing New Mortgages to Fannie Mae
(DBN)

Housing crisis was your fault
(DBN)

HSH Nordbank Sues Barclays Over $122 Million in Mortgage Backed Securities --- Sealink sues multiple banks over $948 million in RMBS
(DBN)

Two Investors Plead Guilty to Tax Lien Auction Bid-Rigging in New Jersey
(DBN)

New Fannie Mae multifamily head: Stars aligned for renting
(DBN)

MBA: Rising rental costs may drive home sales up
(DBN)

Freddie to adopt new way of valuing foreclosed properties
(DBN)

Foreclosure king hit with felony check charge
(DBN)

The 10 Hottest New York Neighborhoods In 2012
(DBN)

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Banking:

Bank of America, JPMorgan Face More Overdraft Pain --- Bank of America Can Charge You $140 In Fees In One Day
--- Banks should fear the inquiry into overdraft charges --- Overdraft Rules Mean Consumers Will Pay Up, or Get Out --- Cordray: Overdraft Fees Similar to Payday Loans
(DBN)

Public Airs Grievances Against Banks at CFPB Forum --- Concerns About Prepaid Cards, Wal-Mart Dominate CFPB Town Hall
(DBN)

Wells Fargo's Force-Placed Suit Raises Financial, Regulatory Threats
(DBN)

EU's Barnier Says Volcker Rule Should Focus on Banks' US Acts
(DBN)

Judge Halts FDIC Suit Vs Ex-IndyMac CEO Perry Pending Appeal
(DBN)

RBS Puts 10,000 Employees’ Pay On Ice
(DBN)

Lloyds Makes $5.5 Billion Loss, Gives Gloomy Outlook
(DBN)

Middle Class Being Pushed Out of Banking
(DBN)

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Tax:

IRS has $1 billion in unclaimed tax refunds for 2008
(DBN)

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Politics:

The cost of presidential campaigns, from Lincoln to Obama
(DBN)

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Telecoms:

Hackensack telecom company's bankruptcy followed rising problems
(DBN)

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Fraud:

Mark Madoff's Ex-Wife Says Trustee Suit Is 'Time-Barred'
(DBN)

Mets Owners Ask U.S. Judge to Dismiss Madoff Trustee’s $386 Million Suit
(DBN)

Boston Private seeks Rothstein Ponzi immunity
(DBN)

Accountant: Stanford's bank properly audited --- Nothing extravagant about millions paid to Texas financier Stanford’s auditor --- No Sign of Fraud in Financier’s Reports --- Stanford had plenty of eyes on him, expert says --- Stanford witness says his CDs were within regulations
(DBN)

Phone Messages for Gov’t Lawyers Create New Trouble for Indicted Researcher Who Refused to Wear Wire
(DBN)

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IP:

Kodak and maker of BlackBerry may be headed for settlement
(DBN)

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Shipping:

Trailer Bridge files motion to reject former CEO contract
(DBN)

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Defaults:

S&P : Global Corporate Default Tally Rises By 2 To 18
(DBN)

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Book Reviews:

Stephen Bainbridge's Corporate Governance After the Financial Crisis
(DBN)

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Corporate Governance:

Olympus is litmus test on governance
(DBN)

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Baseball:

Mets have commitments for 7 of 10 shares
(DBN)

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Alternative Energy:

Another bankrupt German solar panel maker?
(DBN)

Solyndra’s Headquarters in Fremont, California, to Be Placed on the Market
(DBN)

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Food/Beverage:

Judge approves bidding process, Snokist happy with offer
(DBN)

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Glass:

Vitro Units Sued in New York by U.S. Bank Over Unpaid Notes
(DBN)

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Lehman:

Dick Fuld Needs Your Help!
(DBN)

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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 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:

Arctic Glacier's Chill, Grubb & Ellis Seeks Sale, and Fuller Brush Fades
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
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Standing:

Still Standing After All This Time: STN Enterprises
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Tolling:

All Tolled, Section 108(c)Preserves a Mortgagee’s Option to Commence a Foreclosure Until After the Automatic Stay is Lifted
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Bankruptcy Poetry:

Republican Primaries
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Occupy Wall Street
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MF Global
(DBN)

Euro Zone
(DBN)

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Litigation:

Being Paperless in Court
(DBN)

Huge Hole in eDiscovery Process
(DBN)

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Computer Security:

CyberDefender Agrees to Sell Assets to Marketer Guthy-Renker in Bankruptcy
(DBN)

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Municipalities:

Judge wants state advice in Alabama bankruptcy
(DBN)

City Manager to address Stockton finances --- Stockton may be first test of California's new bankruptcy law --- Stockton Seeks to Avoid Vallejo Path to Court
(DBN)

Stockton Said to Plan Default Vote as California City May Face Bankruptcy --- Stockton, California, Said Poised for First Step to Bankruptcy
(DBN)

JeffCo says jobs tax could derail bankruptcy
(DBN)

Quinn Budget Greeted Without Applause as Pension Liabilities Hurt Illinois
(DBN)

Baltimore Has Decided Some Neighborhoods Just Aren’t Worth Saving
(DBN)

The Scandal of Michigan's Emergency Managers
(DBN)

The Ugly Truth Behind Michigan's Budget Surplus
(DBN)

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Autos:

GM's Akerson on Bailout: Wise, Visionary
(DBN)

On Bailouts, Romney Is Intellectually Bust
(DBN)

Giving the auto rescue center stage
(DBN)

Romney's 'U--------- Gnome' Defense On Auto Bailout
(DBN)

Delusions About the Detroit Bailout
(DBN)

Romney: 'I would never let auto industry disappear'
(DBN)

Former Auto Czar Takes On Romney’s ‘Managed Bankruptcy’ Plan, Calls It ‘Utter Fantasy’
(DBN)

Obama attacks Repubs in Mich as anti-autoworker
(DBN)

14 Parties Interested in Buying SAAB
(DBN)

Obama Michigan TV Ad Jabs Romney on Controversial Auto Bailout
(DBN)

How partisanship works
(DBN)

Fact check: Auto bailout
(DBN)

Ford to Add $3.8B to Pension Plans This Year
(DBN)

Ally Said to Add Cerberus Manager as ResCap Stalls Car Lender’s Turnaround
(DBN)

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UK:

The UK Shows More Signs of Recovery Thanks to Retail
(DBN)

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EU:

Merkel Playing Hardball Ahead Of G20 Summit: IMF Funds In Contention --- G-20 Not Near Consensus on IMF Resources
(DBN)

ECB's Draghi says euro zone recovering slowly --- Q&A: ECB President Mario Draghi --- Draghi : Greek compliance must be 'flawless' --- Says ECB Must Be Careful About Ending Bond-Buying Program
(DBN)

Euro jumps to 2-month high against dollar on German business confidence data
(DBN)

Euro zone economy set to shrink in 2012, deficits in focus
(DBN)

Draghi Says ECB Must Be Careful About Ending Bond-Buying Program
(DBN)

Mario Draghi awkwardly attempts to define "good" and "bad" austerity
(DBN)

How to Bet on Europe's Recession
(DBN)

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PIIGS:

Greek Parliament passes debt writedown deal
(DBN)

Even The EU, ECB And IMF Don't Believe In The Greek Rescue
(DBN)

Greece sets stage for Friday bond swap
(DBN)

German bank chief hits at Greek debt deal
(DBN)

Recession expands for Greek small businesses
(DBN)

Argentine advice for Greece: ' Default Now!'
(DBN)

When Greece Defaults
(DBN)

To Start An Online Store In Greece, You Have To Do Something Pretty Gross
(DBN)

Ireland's $4B disposals program
(DBN)

Italy is auctioning off picturesque lighthouses to help pay down its debt
(DBN)

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Canada:

Bankruptcy extended for fraudster
(DBN)

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China:

China Manufacturing: Deep Slowdown Risk
(DBN)

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Japan:

Tepco Said to Be in Talks for 1.07 Trillion Yen of Borrowing
(DBN)

Japan shuts fund manager on fears client losses hidden
(DBN)

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Australia:

Fitch Downgrades Commonwealth Bank, Westpac, NAB on Funding
(DBN)

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Mexico:

Glassmaker Vitro says completes reorganization in Mexico
(DBN)

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Iceland:

Iceland owes its recovery to the decision to forgive unpayable household debt
(DBN)

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