February 27, 2012

The Daily Bankruptcy News

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Law:

It's tough out there - The era of massive associate classes appears at an end
(DBN)

Law School Survey Shows Tough Job Market at Large Firms
(DBN)

As Profits Dip, a Spate of Practice Leaders Defect
(DBN)

Fewer Partners Means Higher Profits at Goodwin
(DBN)

The Lawyer-Politician Is in Decline
(DBN)

The law firm may have dissolved, but the records remain
(DBN)

The Nonequity Partner Bubble --- ‘Scarlet Letter of Permanent Non-Equity Status’ Hurts Law Firm and So-Called Partner, Columnist Says
(DBN)

Emerging Models in Legal Sector: Fewer equity partners
(DBN)

You Guys Aren’t Getting A Lot Of Sleep, Are You?
(DBN)

A Young Lawyer's Guide to Approaching a Mentor
(DBN)

BP, Anadarko, Merrill, Monsanto, Google, Apple in Court News
(DBN)

Revamped deal would allow prominent litigator to retain bar card
(DBN)

Carnival Cruises In-House Counsel Face Challenges After Italian Disaster
(DBN)

Lawyers' Titles and Law Firm Names in the Hi-Tech Era
(DBN)

An In-House Lab for Future GCs
(DBN)

In-House: What’s the Big Deal?
(DBN)

In-House Counsel's Guide to Crisis Management
(DBN)

Linklaters Chief Loses One-Horse Race
(DBN)

Knowles under pressure after DLA kept in dark over personal LawVest stake
(DBN)

DLA Piper Sponsors Open-Source Think Tank
(DBN)

Fulbright, Former Client File Dueling Suits Connected to Land Deal
(DBN)

Are Outside Counsel Using SEO and Social Media to Reach GCs?
(DBN)

Former Law Firm Partner's 12-Month Jail Term Over Kidnapping Hoax Quashed on Appeal
(DBN)

Old Law Books Are Not Garbage, They're Columns and Towers
(DBN)

Report Indicates Law Firms Are Starting to See Returns on Social Media Investment
(DBN)

Lawsuits against law schools weak: legal ed experts
(DBN)

Law School Transparency: Class of 2011 big law employment stats
(DBN)

BigLaw: Don't come here right out of law school
(DBN)

The Go-To Law Schools
(DBN)

Contract Lawyer Sues Firm and Clients Seeking Payment
(DBN)

Norwegian Legal Update
(DBN)

2nd Adoption Lawyer Gets Federal Time in Baby-Selling Scheme
(DBN)

Class Action Suit Filed Against Lexis and Westlaw for Copyright Infringement
(DBN)

Man’s Facebook Rant Violated Protective Order; Judge Says He Can Post Apology or Go to Jail
(DBN)

Cop spends weeks to trick an 18-year-old into possession and sale of a gram of pot
(DBN)

State Trooper Kills Woman With Taser Instead Of Chasing Her
(DBN)

Working Naked Takes Off --- Company offers naked maids, handymen
(DBN)

Bizarre Alligator Incident Lands in Fed Court
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge of the Day: Lesbian Judge in Texas Refuses to Marry Straight People
(DBN)

BP’s Trial Fate Rests With Judge Who Represented Sailors
(DBN)

Former resident now chief SDNY bankruptcy judge
(DBN)

Judge steps aside in case of alleged car vandal
(DBN)

Federal judges catch Rakoff fever
(DBN)

Main Private Beneficiary of Court IT Project Lobbied Against Reform Bill
(DBN)

'Retirement' missing from vocabulary of NY judges
(DBN)

Does the Supreme Court think like the average American?
(DBN)

Man accused of robbing US Supreme Court justice released
(DBN)

Judge In “Zombie Mohammed” Case (Reportedly)Responds
(DBN)

______________

Wall Street:

European jitters to weigh on stocks
(DBN)

Dow 13,000 is a big number, but it's just a number
(DBN)

______________

Layoffs:

The Workers That Vanished
(DBN)

Prepare For Sub-8% Unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Everyone Wants A Piece Of JCPenney --- Sales lag after pricing overhaul
(DBN)

______________

Aviation:

Analysts question American's revenue plans
(DBN)

Flight attendants at American re-elect president
(DBN)

American Airlines wants to reject facilities agreements at D/FW, Alliance
(DBN)

American Airlines: Time for labor deals dwindling --- Urges Unions to Step Up Pace
(DBN)

American rejects buyout plans from two unions
(DBN)

U.S. airlines pay $10 billion more for fuel in 2011 than in 2010
(DBN)

Pilots to urge American Airlines to freeze pensions, not turn them over to government
(DBN)

Do Kingfisher's Woes Call For New Bankruptcy Rules ?
(DBN)

Tucson, Phoenix look at American Airlines bankruptcy differently
(DBN)

Pinnacle Airlines still has work to do to avoid bankruptcy, CEO says
(DBN)

Air New Zealand To Slash Staff After Profit Drop
(DBN)

______________

Golf:

Donald Trump Close to Buying Blue Monster
(DBN)

Trinitas: The game goes on
(DBN)

Membership group plans $6 million bid for Spanish Trail
(DBN)

______________

Resorts:

Auction offers opportunities to bid on a Spanish Peaks bargain
(DBN)

______________

Autos:

Steven Rattner Cross-Examines Romney. Hooray.
(DBN)

Obama's approach was only realistic way to rescue Detroit's automakers
(DBN)

Bailout of Auto Industry Now Backed, But Public Is Divided on Stimulus Plan
(DBN)

Volvo Cars makes bid for Saab assets
(DBN)

Rattner vs. Romney, continued
(DBN)

Are Obama, GOP hopefuls fibbing on auto bailout claims?
(DBN)

Mitt, Michigan and a Couple of Cadillacs
(DBN)

Bankruptcy petition filed against Don Jacobs Mitsubishi
(DBN)

Bad karma for Fisker Automotive: of loans and lawsuits
(DBN)

Deeper Push into Subprime Loans Boosts Auto Lending
(DBN)

______________

Pensions:

Appellate court reinstates GM company stock suit
(DBN)

______________

Alternative Energy:

Solyndra, polluter?
(DBN)

Rep. Barton: Solyndra Probe Could Lead to Criminal Charges
(DBN)

______________

Telecoms:

Google selling its Clearwire stake at fire sale --- How Google Took $500 Million And Turned It Into $47 Million
(DBN)

______________

Health Care:

A review of healthcare bankruptcies: 2011
(DBN)

More Women Look To Fertility Lenders To Pay For In Vitro
(DBN)

After lab crisis, a Chapter 11 trustee for Peninsula?
(DBN)

Texas Woman Allegedly Performed Illegal B--- Jobs At Her Hair Salon
(DBN)

This Single Misstep Could Cost Consumers Thousands On Their Medical Bills
(DBN)

______________

Hollywood:

The Broke and the Beautiful: Oscars Edition
(DBN)

______________

Tax:

Somehow Houston Is Getting Away With A 14 Percent Cocktail Tax
(DBN)

IRS Releases Chapter 7 Bankruptcy Case Memo
(DBN)

______________

Corporate Reform:

CFPB is Seeking Nominees to Serve on Consumer Advisory Board ‎
(DBN)

White House Puts 'Consumer Privacy Bill of Rights' on Regulatory Agenda
(DBN)

Key SEC Regulator Calls for 'Re-Proposal' of Volcker Rule
(DBN)

Volcker rule should exclude all sovereign debt-Citigroup
(DBN)

Holder to Wall Street: It Ain’t Over Yet
(DBN)

SEC says not shying away from tough cases
(DBN)

ABA Urges Protection for Privileged Banking Material Shared with New Consumer Bureau
(DBN)

______________

Horse Racing:

Hoosier Park might bid for bankrupt Indiana Downs
(DBN)

______________

Economy:

Consumer Sentiment in U.S. Reaches 1-Year High on Jobs --- Some Jobs News That Obama Will Be Thrilled About
(DBN)

Roubini for World Bank president
(DBN)

Treasury 30-Year Bonds Rekindle Haven Status, Halt a Three-Week Downturn
(DBN)

Geithner: US economy growing stronger, much progress made
(DBN)

The Truth About Reagan's Economic Miracle
(DBN)

A Major Swing In What People Are Scared Of In Just The Last 8 Days
(DBN)

Plosser Says Fed MBS Purchases May Be Breach Into Fiscal Policy
(DBN)

Growth Better Than It Looks; No Easing 'Gifts': Fisher --- Few hints of new stimulus
(DBN)

Fed's Bullard Says Damaged Housing Market Blocking Monetary Easing Option
(DBN)

Over A Million US Families Are Living On $2 Per Day
(DBN)

Half of Americans don't pay income tax. So what.
(DBN)

Can We Learn a Lesson From a Tiny Fishing Nation in the Middle of the Ocean?
(DBN)

Gas Could Easily Go To $5 And Crush The National Economy --- Here's How You'll Know When Gasoline Prices Are Killing The Recovery
(DBN)

Oil price rise raises spectre of global recession --- Oil prices could derail the US recovery --- Obama pressed to open emergency oil stocks --- Political Battle Over Oil Prices Heats Up --- Surging Gas Prices Threaten One Of The Best Years American Farmers Have Ever Had --- The US Consumer Is Getting Screwed by Brent Oil and by Bankers Big Time --- The Real Reason Gasoline Prices Have Been Surging In The US --- How Ben Bernanke Should Deal With Higher Oil Prices
(DBN)

Which Generation Has The Best Credit
(DBN)

Corporate Distress Ratio Drops to 13.2% in February ‎
(DBN)

A New Recession Seems Inevitable
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

The " Robo-Signing Settlement Is a Joke ‎
(DBN)

Why the mortgage settlement is a fair deal
(DBN)

Banks Win Reprieve on Home Equity Loans in Settlement
(DBN)

Does This Really Look Like A Housing Recovery?
(DBN)

Bad Foreclosure Practices Still Rampant
(DBN)

Homeowners Who Negotiate Debt Relief Could Soon Face Massive Tax Bill
(DBN)

Rents Keep Rising, Even as Housing Prices Fall
(DBN)

Purchases of New Houses in U.S. Exceeded Forecasts in January
(DBN)

Why the Fed Can't Fix Housing
(DBN)

Poll: Millionaire Tax, Less Spending Popular
(DBN)

What Led The Once Dominant Commercial Real Estate Firm Grubb & Ellis Into Bankruptcy?
(DBN)

Vacant homes in Michigan grew 47% in 10 years
(DBN)

A Home Repair Workshop Is Helping New Yorkers Fight Foreclosure
(DBN)

Fed chiefs give the good, bad and ugly on housing and monetary policy
(DBN)

Business is humming along for Fannie Mae
(DBN)

Treasury to cap HAMP mods to property investors
(DBN)

Colo. AG, feds suing over alleged foreclosure rescue scam
(DBN)

New York Realtors Are Throwing Parties To Get Buyers Into Luxury Apartments
(DBN)

Moody's: Big banks unlikely to suffer from AG mortgage settlement
(DBN)

Zillow, Trulia Face Backlash from Realtors
(DBN)

HearthStone Homes Files For Bankruptcy
(DBN)

EpiCentre's fate focus of hearing
(DBN)

Fitch downgrades Bear Stearns CMBS
(DBN)

Fitch: More Commercial Real Estate Loans Require Special Servicing
(DBN)

Sam Zell finds himself on familiar turf
(DBN)

_____________

Municipalities:

US Governors Have Few Answers as Cities Face Bankruptcy Risk
(DBN)

Stockton, Calif seeks to halt bond payments --- Will Stockton Seek Bankruptcy Protection? --- Image of Stockton bruised yet again --- Stockton, CA, to Weigh First Steps Toward Bankruptcy --- Stockton, California, May Ask Bondholders to ‘Suffer’ --- Stockton city manager seeks new authority in wake of bankruptcy --- City Council May Take First Step to Chap. 9 --- Road ahead for Stockton will be rocky and ugly --- Stockton bankruptcy move should be a lesson to all cities
(DBN)

Moody's cuts Stockton, California to below investment grade
(DBN)

Municipal bankruptcy bustin' out all over, California edition
(DBN)

Biggest Muni ETF Plunges Most Since 2008
(DBN)

Harrisburg City Council Seeks to Reinstate Bankruptcy Appeal
(DBN)

Bond Insurer Says JeffCo Shouldn't Block JP Morgan Suit
(DBN)

Judge accelerates appeals in Alabama bankruptcy
(DBN)

Central Falls to hold meeting about receivership
(DBN)

Bankrupt Central Falls takes aim at school costs
(DBN)

Struggling RI city's history marked with candy bar
(DBN)

The Most Debt-Ridden Cities in America ‎
(DBN)

Decision on a Detroit emergency manager delayed a month
(DBN)

Michigan's incredible shrinking workforce
(DBN)

Harrisburg business community goes forward
(DBN)

______________

MF Global:

Battle lines forming between MF Global customers, hedge funds
(DBN)

Investigators Scrutinize MF Global Wire Transfers
(DBN)

Is Jon Corzine “Too Big To Indict”?--- Criminal Case Against MF Global Looks "Highly Unlikely"
(DBN)

MF Global Judge Urges Plaintiffs' Lawyers to Get Organized
(DBN)

MF Global : Does Money Vaporize, Just Like That?
(DBN)

______________

Fraud:

Allen Stanford's Defense Team Says It Got Stiffed Out Of $1.9 Million
(DBN)

Hard drives in R. Allen Stanford trial may have been erased --- 'Skunk' in Stanford Jury Box Prompts Instruction From Judge --- Lawyers begin preparation for possible Stanford testimony --- Only drama left besides verdict is whether Stanford will talk --- 2 Louisiana firms accused in alleged Allen Stanford scheme
(DBN)

TD Bank settles largest Rothstein investor lawsuit
(DBN)

How Hedge Funds Got Hooked in Scott Rothstein's Ponzi Scheme
(DBN)

Who's who at crowded Rothstein-related hearing
(DBN)

Fair Finance trustee sues former owner for $150M
(DBN)

Broken Trust in God's Country
(DBN)

NY judge to decide by March 5 on Mets-Madoff trial
(DBN)

Judge raises questions over Madoff witness
(DBN)

Bankers Escape Big Penalties in FDIC Failed Bank Cases
(DBN)

Former KBR chairman, CEO going to prison
(DBN)

______________

Food/Beverage:

Two Sneakers Sports Grilles file Chapter 11
(DBN)

Rich Boss Tips 1%, Tells Server To 'Get A Real Job'
(DBN)

______________

Politics:

Elizabeth Warren's celebrity fan club --- Brown And Warren Do Battle Over Contraception --- Rivals launch ads on issue --- Harvard Professors Give Big to Warren
(DBN)

Debt, Baby, Debt: America's Newest Voting Bloc
(DBN)

Mitt Romney Spoke To An Empty Stadium In Detroit
(DBN)

Romney's association with corporate tax shelter schemes
(DBN)

Jeb Bush Seen as Latest GOP White Knight
(DBN)

Obama's First Term: 50% Say It's a Failure
(DBN)

Santorum Reaches Out to Voters Who Don’t Want College Degrees --- Santorum: Obama Apology for Quran Burning Shows ‘Weakness’ --- Santorum: ‘I Almost Threw Up’ After Reading JFK Speech on Church, State
(DBN)

Who Is Funding Mitt Romney's (And Other GOP Candidate)Super PACs?
(DBN)

______________

Radio:

Peak Receives Approval of its Reorg Plan; to Emerge From Chapter 11
(DBN)

______________

Banking:

Bank of America to freeze pension plans
(DBN)

Two Banks Fail In Minnesota and Georgia – FDIC Losses Hit $1 Billion
(DBN)

Home Savings of America Collapses, FDIC Unable To Sell Bank – How Much Will Depositors Lose?
(DBN)

Central Bank of Georgia Fails After Serving Public For 102 Years
(DBN)

FDIC Issues 42 Enforcement Actions Against Problem Banks In January
(DBN)

Banks Tell 30 Million Troubled Customers To Get Lost – One In Three Consumers Now “Unbanked”
(DBN)

The End of Overdraft Fees?
(DBN)

Illinois Banks: Strongest and Weakest
(DBN)

Warren Buffett Gives Shout-Outs To 2 Bank CEOs
(DBN)

Overdraft Fees "Disproportionate Impact"
(DBN)

Why Banks Need Simple, Tough Capital Rules
(DBN)

______________

Credit/Debit Cards:

Which Generation Carries The Most Credit Debt?
(DBN)

______________

Tech:

Elpida Files for Bankruptcy Protection --- Elpida says concrete offers had been expected on Monday
(DBN)

______________

Memorabilia:

Company That Sold Statue of Liberty Scraps Seeks Chapter 11
(DBN)

______________

Photography:

The Demise of Kodak: Five Reasons
(DBN)

______________

Credit Counseling:

Debt Servicer Loses Bid to Compel Arbitration
(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 (50 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:

Bankruptcy Week Ahead
(DBN)

Double My Speed, Fuller Brush, Real Mex
(DBN)

Rochelle on Double My Speed, Fuller Brush, Real Mex
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Proposed bill would allow principal write-downs in bankruptcy courts
(DBN)

______________

DIP Finance:

S&P Assigns Ratings to Eastman Kodak DIP Revolver
(DBN)

______________

Plan Confirmation:

Third Time Was Not the Charm for This Debtor: After Failing to Confirm Two Plans, Debtor Loses Bid to Confirm Third Plan after the Seventh Circuit Rejects Treasury Bonds as “Indubitable Equivalent” to Building Lien
(DBN)

______________

Bankruptcy Poetry:

The Closing Song For Greece/Grease
(DBN)

Global Plea
(DBN)

______________

Discharge:

Willfulness at Issue in Case on Dischargeability of Attorneys' Fees
(DBN)

______________

Litigation:

Eleventh Circuit Finds Fifth Amendment Right Against Self Incrimination Protects Against Being Forced to Decrypt Hard Drive Contents
(DBN)

Judge Approves Computer-Assisted Review in Electronic Data Discovery
(DBN)

How do you pronounce voir dire?
(DBN)

______________

Avoidance Actions:

Orleans Homebuilders, Inc. Unsecured Creditor Agent Starts Bankruptcy Preference Adversary Proceedings
(DBN)

______________

Celebs:

Ex-Mets star Dykstra granted permission to attend Carter's funeral
(DBN)

'Basketball Wives' Star Evelyn Lozada -- I Didn't Know My Ex-Fiance Was Broke!
(DBN)

Minor celebrities are summoned to pay up
(DBN)

______________

Private Equity:

Alvarez & Marsal's Varughese on 'amend and extend'
(DBN)

______________

Personal Finance:

How Clinging to Mommy and Daddy Is Ruining a Generation
(DBN)

______________

Baseball:

Torre and partner drop out of Dodger bidding
(DBN)

Dodgers judge won't delay hearing on Stow's claims
(DBN)

Dodger Stadium beating victim's parents try to protect damages claim
(DBN)

______________

Distressed Investing:

Happy Days in Distress
(DBN)

______________

Student Debt:

Where Student-Loan Debt Is Concentrated: an Interactive Map
(DBN)

______________

Debt Collection:

Court, Agency Shut Down Phony Debt Collector
(DBN)

Debt Collectors Struggling; Bartmann Prowling
(DBN)

______________

Shipping:

Shipping firms face bank debt mutiny
(DBN)

______________

Book Reviews:

Review of Professor Bainbridge’s Newest Book: “Corporate Governance After The Financial Crisis”
(DBN)

______________

Mass Torts:

People close to case: Gulf oil spill trial delayed --- As Gulf oil spill trial is delayed until March 5, BP and plaintiffs step up settlement talks --- BP Said to Weigh $14 Billion Gulf of Mexico Oil Spill Accord
(DBN)

BP in the dock as US trial begins over Deepwater Horizon oil spill --- BP says US oil spill trial could 'last until 2014'
(DBN)

BP Fate at Spill Trial Rests With Ex-Maritime Lawyer
(DBN)

BP faces billions in fines as spill trial nears
(DBN)

Transocean: BP Ignored Well Test Warning
(DBN)

______________

Small Business:

This Is Small Business in America: Burdened, Crushed, Doomed
(DBN)

______________

Religion:

Savannah diocese, bishops sued over priest child abuse case ‎
(DBN)

Philadelphia priest says cardinal ordered abuse --- Monsignor On Trial For Child Abuse Cover Up Alleges Cardinal Destroyed List of Abusing Priests
(DBN)

Malooly won't ask for resignations of priests accused in clergy sex abuse cover-up
(DBN)

______________

Derivatives:

Derivative contracts hurt profits at Berkshire Hathaway
(DBN)

______________

UK:

Why the Greek Bond Swap is Just Great for London
(DBN)

______________

EU:

Eurozone Rescue Fund May Hit $2 Trillion
(DBN)

Merkel's Coalition Shaken After Dispute Over German President
(DBN)

Merkel ally confident on Greek bailout vote
(DBN)

This Old Paragraph From Keynes Is Ominous For The Future Of Europe
(DBN)

Germany Leaves G-20 Watchers Guessing
(DBN)

No Silver Bullet to Resolve Europe Debt Crisis, World Bank’s Zoellick Says
(DBN)

European Banks Heavy Losses
(DBN)

Eyes on Europe to keep risk rally alive
(DBN)

At the E.C.B., the Tweak That Quietly Saved the Banking System
(DBN)

What Is Draghi’s “Big Bertha”?
(DBN)

Who Wants More Cheap ECB Money?
(DBN)

Draghi's Unlimited Loans Are No Panacea for Banks
(DBN)

G20 to Europe - show us the money
(DBN)

Europe Left to Dig Deeper After G-20 Rebuffs Call for Help
(DBN)

Europe Focus Shifts to Debt-Crisis Firewall
(DBN)

______________

PIIGS:

Greece launches long-awaited debt swap offer
(DBN)

Germany’s Friedrich Urges Greek Exit From Euro --- Germany's Schauble concerned that EU key problems unsolved
(DBN)

Greece really needs a year to prepare for total default
(DBN)

Farmers Offload Crops at Cost Price
(DBN)

Venizelos: More Politicians and Relatives Took Their Money Abroad
(DBN)

Despite Bailout, Greece Still a Time Bomb
(DBN)

Greek Debt Deal Merely Buys Time: World Bank's Zoellick
(DBN)

German Tax Collectors Are Volunteering For Duty In Greece
(DBN)

IMF board to meet March 13 for Greek aid plan commitment
(DBN)

Greek despair and Spanish unemployment suggest that German-led austerity may smash the European peace
(DBN)

Portugal, Italy, Greece And Spain Owe $20 Billion To Big Drug Companies
(DBN)

______________

Canada:

Lines of credit running wild, Bank says
(DBN)

______________

Japan:

AIJ Investment routed pension money to Cayman Islands
(DBN)

Rather Than Go On Welfare, Japanese People Are Increasingly Dying 'Lonely Deaths'
(DBN)

Elpida Files for Protection in Biggest Japanese Bankruptcy for Two Years
(DBN)

Elpida shares to be delisted on Mar 28
(DBN)

______________

France:

Thousands Of French Towns Are Asking For Bailouts
(DBN)

______________

China:

World Bank to China: Free up your economy or bust
(DBN)

China’s Billionaire Congress Makes Its U.S. Peer Look Poor
(DBN)

______________

MENA:

Sudan economy reels in bankruptcy
(DBN)

Wild boars terrorize Islamabad, Pakistan's capital
(DBN)

______________

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