February 28, 2012

The Daily Bankruptcy News

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Law:

Where’s LeBoeuf? An Update on Doings at Dewey
(DBN)

S&C Founder Looks Like He’d Be Fun To Have A Drink With
(DBN)

SEC's Ex-Top Lawyer Said to Pay $556,000 to Settle Madoff Claims ‎
(DBN)

In Silicon Valley, Revolving Lateral Door Keeps Spinning
(DBN)

Locke Lord opens London office with laterals
(DBN)

Magic Circle Firms in the FTSE 100? It’s (Theoretically)Possible
(DBN)

Linklaters moots tie-up with Slaughters' Aussie best friend
(DBN)

Corporate Personhood Case Forces Supreme Court To Hack New Path
(DBN)

Stratfor E-Mails Contain Deal Details Involving Willkie and Jackson Walker
(DBN)

When the Market Is Tough, the Tough Goes to Harvard
(DBN)

Justice Department Names a New No. 3
(DBN)

How to Deal with 55 Years of Lawyer Documents? Howrey Trustee Develops a Plan
(DBN)

Meet The Lawyer/Consultant Google Is Putting In Charge Of Its $12.5 Billion Dead Elephant
(DBN)

Former Lawyer Who Decided to Travel for a Living Offers Some Tips
(DBN)

Coffee: Sympathy For The Attorney
(DBN)

Lawyer's threat to sue ratings site draws declaratory judgment suit --- EFF Files Suit on Behalf of Lawyer Ratings Site After Law Firm Sends Cease-and-Desist Letters
(DBN)

Florida bankruptcy attorney faces suspension over claim objections
(DBN)

Associate Killed in Dramatic Drunken Car Crash
(DBN)

Technology and the Lost Art of Unavailability
(DBN)

In-House: Creating The Wrong Incentives
(DBN)

Law Firm Hires Comedian to Teach Speaking Skills
(DBN)

Firms See Rays of Hope in Outlook for CA Corporate Practices
(DBN)

Would-Be Law Prof Loses Age Bias Suit --- Jury sides with law school in age discrimination case
(DBN)

Law Grad Decides Poker Is More Lucrative than Practice, Wins $542K in Poker Open
(DBN)

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

Bizarre Swag From The Texas Supreme Court Journal: "Trust God"
(DBN)

Attorney Claims Chase Bank Conspired
(DBN)

Lawyer Criticized for Nonconformist Outfits Discovers the Field of Fashion Law
(DBN)

Law School Transparency: You cannot be serious
(DBN)

Former Top Drug Prosecutor Gets 9 Months in Crack Case; Judge Calls Prior Probation Deal ‘Offensive’
(DBN)

Introducing the ‘Celebrity Angels and Demons Made Me Do It’ Murder Defense
(DBN)

351-Year-Old Will Sparks Bitter Dispute in Massachusetts
(DBN)

Nicollette Sheridan vs. ABC: 'Desperate Housewives' Wrongful Termination Trial Begins
(DBN)

FBI Turns Off Thousands of GPS Devices After Supreme Court Ruling
(DBN)

Lawyer for Hells Angel seeks separate trial
(DBN)

'The Descendants' is skillfully realistic
(DBN)

"Swamp Cabbage Weekend"
(DBN)

Selling Chicken Door-To-Door At 3 A.M.
(DBN)

Is that a -- in your pants . . .?
(DBN)

Footprints in snow guide police from burglary scene right to suspects
(DBN)

Man Bites . . .Car?
(DBN)

Thieves Forget Something in Carefully Planned Heist
(DBN)

Want To Work for a ‘Legal Baller’?
(DBN)

Law Rocks! -- Battle of the Bands, Legal Edition
(DBN)

Did Dave Samson Really Sell the Marlins at Team Awards Banquet?
(DBN)

Drug Arrest Redirects Doctor Into New Job as a Lawyer
(DBN)

Say What?!
(DBN)

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Judges:

A.G.'s Bankruptcy Chief Tapped for Federal Bench
(DBN)

Violent night in 1943 shaped bankruptcy judge's life
(DBN)

Gun-wielding judge under investigation --- Being Probed for Pulling Out Gun, Telling Woman She Might as Well Shoot Her Lawyer
(DBN)

Justice Thomas Is More Conservative Than 97 Percent of the Population, Researchers Say
(DBN)

Judicial Clerk Cannot Accept Salary Advances From Law Firm
(DBN)

Judge Charged With Misconduct Involving Citation Against Son
(DBN)

Indonesian Bankruptcy Judge Sent to Four Years in Prison for Receiving Bribes
(DBN)

Antigua-born judge approved for Brooklyn federal bench
(DBN)

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Wall Street:

Stock Futures Gain on Declining Crude
(DBN)

Nikkei reverses losses to hit new 7-month closing high
(DBN)

Close but not quite for the Dow in push for 13,000
(DBN)

Wall St defies Europe as rally continues
(DBN)

Stock-market volatility fades as Dow nudges 13,000
(DBN)

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Layoffs:

Buffett: Unemployment unlikely to go back to 9 percent
(DBN)

The Best Jobs of 2012 --- Lawyer --- Paralegal
(DBN)

The Next Jobs Report Could Be A Total Monster
(DBN)

What it's like to work as a wage slave in an online-shipping warehouse
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Consumer Debt:

Credit Card Debt Nears Toxic Levels

Americans Preference to Borrow Rather than Save has Triggered Extreme Debt
(DBN)

NY Fed: Total Consumer Debt Fell 1.1% Last Quarter
(DBN)

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Mass Torts:

Transocean charge points to Macondo settlement --- What a BP settlement could look like --- BP settlement plan could exhaust $14 billion left in public claims pot
(DBN)

For survivors, spill trial falls short of justice
(DBN)

Insurer Sues Montana Over Asbestos Settlement
(DBN)

______________

Tech:

Elpida Bankruptcy Comes After Failure to Follow Smartphone Money --- Micron shares up after Elpida bankruptcy
(DBN)

ISDA Says to Rule on Elpida Memory Bankruptcy
(DBN)

Investors shun Elpida after bankruptcy protection move
(DBN)

Options Narrowing for Elpida
(DBN)

Elpida Memory CEO on Bankruptcy
(DBN)

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Photography:

Kodak Stars in Oscars Jokes
(DBN)

Kodak wants to cut retiree benefits --- Moves to end health coverage for retirees 65 and older --- Seeks to shed Medicare plan payments --- Motion Filed
(DBN)

H'wood's ugly Kodak moment
(DBN)

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Credit/Debit Cards:

Some people want to live life to the fullest
(DBN)

______________

Compensation:

This Man Was The First CEO To Ever Get A Golden Parachute
(DBN)

The NYT is paying its former CEO a minimum of $25,000 per hour for consultant work
(DBN)

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Municipalities:

California’s Stockton May Ask Bondholders to ‘Suffer,’ City Says --- Former Stockton city manager says bankruptcy avoidable --- California's Stockton Strives to Avoid Vallejo's Bankruptcy Fate --- Stockton, facing bankruptcy , asks how it got to this point --- With Stockton on brink of bankruptcy, city manager lays blame on fiscal missteps --- Investors Stay Cool as Stockton Eyes Halting Debt Service on Some Bonds --- Stockton's options nearly all bad
(DBN)

JeffCo appeals hit the fast track
(DBN)

$17 million loan keeps Inglewood Unified schools afloat - for now
(DBN)

State hammers Schneider’s financials in report
(DBN)

The 10 Happiest States In America
(DBN)

Wyoming Doomsday Bill
(DBN)

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Food/Beverage:

A&P Wins Court Approval for Yucaipa-Funded Bankruptcy Plan
(DBN)

Hostess Brands Retains Gregory F. Rayburn as CRO
(DBN)

We're eating out less, opting for chains more
(DBN)

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Small Business:

2012 Small Business Outlook: Partly Cloudy
(DBN)

Small Business Credit Remains Tough to Get
(DBN)

______________

Economy:

Treasuries Snap Four-Day Gain on Speculation Consumer Confidence Increased
(DBN)

Economists Are Getting More Optimistic About The US Economy
(DBN)

3 Who See Economic Devastation Ahead
(DBN)

Was 2008 Just a Bad Dream?
(DBN)

Bernanke Pessimism Drives Credit With Forced Government Cutbacks
(DBN)

Buffett Favors Germany, U.K., Canada Sovereign Bond Holdings Outside U.S. --- Buffett says stocks and homes are relatively cheap as the economy improves --- The Warren Buffett Haters Club --- Buffett's "Trust Me" Succession Plan Doesn't Fly --- Berkshire Hathaway reports 30 percent drop in fourth-quarter net income
(DBN)

The G20 Meeting: A Waste Of Time And Airfares
(DBN)

What Can US Do to Halt Rising Gas Prices? Not Much --- Why Gasoline Prices Are So Different Around the US --- Obama has almost no power over gas prices. Please update your records --- Keystone pipeline isn't cure for gas prices --- Oil Drops a Second Day on Concern Prices Near 9-Month High May Curb Demand
(DBN)

Corporate Tax Reform Runs Into Political Reality --- Summers: 2013 is the year we should revamp the tax code
(DBN)

Praise the Debt Crisis and Pass the Foie Gras
(DBN)

Bending the Tax Code, and Lifting A.I.G.'s Profit
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

BofA $8.5 bln deal returned to NY state court
(DBN)

2nd Circuit greenlights novel vehicle for BofA's MBS settlement
(DBN)

JPMorgan, BofA Struggle for Qualified Staff to Clear Foreclosure Backlogs
(DBN)

Sealink Funding Bear Stearns $2.4 Billion Suit Moved to Federal Court
(DBN)

Foreclosure settlement a failure of law, a triumph for bank attorneys
(DBN)

Flagstar mortgage fraud lawsuit settled for $133 million
(DBN)

California Seeks Fannie Mae, Freddie Mac Foreclosure Halt
(DBN)

Fed Releases Banks' Plans To Fix Mortgage Servicing
(DBN)

Robosigning 2.0: Coming to a Foreclosure Review Near You
(DBN)

How "the robosigning agreement has allowed the mass production of perjury"
(DBN)

Citigroup reportedly destroyed hundreds of records of fraudulent loans instead of investigating them
(DBN)

Buffett: Banks Victimized by Evicted Homeowners --- Lenders Were Housing Victims, Too --- Buffett: 'Dead wrong' on housing comeback --- Buffett: Single-Family Homes Very Attractive Investment
(DBN)

US pending home sales near 2-year high
(DBN)

Fitch Ratings: U.S. banking weighed down by real estate exposure
(DBN)

Chicago to turn foreclosures into rentals --- US government converts 1st foreclosure to rental
(DBN)

FHFA launches pilot REO property sales
(DBN)

2500 Government Foreclosures Up for Bulk Sale
(DBN)

Wells Fargo Colluded With An Insurer To Rip Off Homeowners, According To A New Lawsuit
(DBN)

Student Debt Is Stifling Home Sales
(DBN)

Household debt declines, student debt edges up
(DBN)

EpiCentre developer to pay $1.5M, loses condo, clubs, theater in deal
(DBN)

Boston: North End developer faces foreclosure
(DBN)

SunCor Development files for bankruptcy
(DBN)

William Lyon Homes emerges from bankruptcy
(DBN)

Five indicted in $8 million Florida mortgage scheme
(DBN)

Splurge Vs. Steal, Midtown Edition: Comparing Cheaper Alternatives To Manhattan's Priciest Real Estate
(DBN)

MetLife originates a record $11 billion in commercial mortgages
(DBN)

Morningstar: CMBS Delinquency Down In January
(DBN)

NAR: Commercial Real Estate Vacancy Rates Will Continue To Drop
(DBN)

_____________

Utilities:

Buffett warns holdings in TXU parent could become worthless
(DBN)

______________

Banking:

Buffett Upbeat On Top Banks As Depositors Ditch Them
(DBN)

Bank Customer Loyalty Continues To Decline
(DBN)

Little banks may be ‘stressed out’ of business
(DBN)

Del. judge blocks proposed BankAtlantic sale to BB&T
(DBN)

HSBC says it may face criminal charges for transactions
(DBN)

______________

Fraud:

Stanford Finance Records Culled by US Incomplete, Witness Says --- Stanford defense rests without calling Stanford
(DBN)

FBI sees more hedge fund trading probe informants
(DBN)

FBI Building Insider-Trading Cases Against 120 People
(DBN)

Get Ready for the Marc Dreier Movie
(DBN)

Mets owners Fred Wilpon, Saul Katz prepare to retire Picard in court
(DBN)

______________

Health Care:

Americans Are Still Deeply Divided Over Health-Care Reform
(DBN)

Medical Tattoos Show Health Information
(DBN)

Son Who Hears Voices Discovers American Health Care Fatally Dysfunctional
(DBN)

______________

Tax:

IRS targets Tea Parties
(DBN)

______________

Aviation:

American Airlines rejects 'early out' idea by unions
(DBN)

PBGC head claims AMR doesn't need to ditch pensions
(DBN)

That sound you hear is American Airlines tapping its foot as it looks at its watch
(DBN)

Who has doubts about AMR's $1 billion revenue target?
(DBN)

TWU members will get to vote, one way or the other, on American Airlines proposal
(DBN)

AMR Takes Aim at Airport Facility Bonds, BofA's Hallacy Says
(DBN)

Ethan Blank Lands in Republic Airways Law Department
(DBN)

Plane taking off dumps toilet contents on couple below
(DBN)

______________

Baseball:

Dodgers suitors down to seven, league's OK needed --- Los Angeles Dodgers Send Bidders to Baseball Owner Committee for Approval
(DBN)

LA Dodgers Bids Reach $1.2 Billion
(DBN)

______________

Politics:

Patrick Kennedy to Scott Brown: Stop Citing My Father
(DBN)

Elizabeth Warren says wealthy didn't do it alone ‎
(DBN)

Elizabeth Warren hits up Hollywood to 'recapture' Ted Kennedy's seat ‎
(DBN)

Now Rick Santorum Thinks College Is A Liberal Conspiracy --- Santorum not the only GOP hopeful to take aim at college 'snobs'
(DBN)

Jesse Jackson: Obama Should Be Proud To Be A 'Food Stamp President'
(DBN)

Why Romney Doesn’t Want A Canadian National Healthcare ID Card
(DBN)

Gingrich: "My Job Is To Save Western Civilization"
(DBN)

Hey, Rick Santorum, So It's Totally Cool If A Muslim Becomes President And Doesn't Separate Church-State?
(DBN)

"Some of Mitt Romney's best friends are NASCAR owners so he can't be out of touch"
(DBN)

What Do Republican Presidential Candidates Say on Foreclosure Crisis? Not Much.
(DBN)

The right is losing the argument over Wall Street
(DBN)

______________

Personal Finance:

Living Alone Is Expensive And Will Slowly Drive You Insane
(DBN)

Even Wealthy Americans Are Resorting to Pawn Shops
(DBN)

______________

Pigeons:

Pigeon King axes lawyer --- Pigeon King wants to represent himself in fraud case
(DBN)

______________

Lehman:

Lehman Europe Faults Trustee Over Liquidation Split
(DBN)

______________

Gambling:

Anderson's Racino Owners to Bid on Bankrupt Shelbyville Racino
(DBN)

______________

Shipping:

General Maritime Files Amended Reorganization Plan After Creditors Object
(DBN)

Court helps Trailer Bridge bankruptcy move along
(DBN)

______________

Alternative Energy:

Q-Cells’s Freudian Milestone
(DBN)

______________

Radio:

Peak Broadcasting Receives Approval Of Chapter 11 Plan
(DBN)

______________

New Bankruptcy Opinions
(
1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 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:

Stanford, Hostess, Madoff, AMR, Hooters, Dynegy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Should Student Loans be Discharged in Bankruptcy ?
(DBN)

______________

Bankruptcy Alternatives:

It's As Easy As "ABC" -- Assignments For The Benefit Of Creditors
(DBN)

______________

Debt v. Equity:

Decision in Washington Mutual, Inc. holds that litigation tracking warrants are equity instruments
(DBN)

______________

Safe Harbors:

Safe Harbors Take Center Stage In Lehman-J.P. Morgan Lawsuit
(DBN)

______________

Insurance:

A Bankruptcy Court Flirts with Dangerous Precedent
(DBN)

Ambac Financial Files Third Amended Plan of Reorganization
(DBN)

Lloyds Bank’s Huge Loss Tied to Insurance Sales
(DBN)

NICB Reports a 19 Percent Rise in Questionable Claims Since 2009
(DBN)

______________

Autos:

CITI: Don't Worry About High Gas Prices, Auto Sales Will Be Great
(DBN)

Picking Through The Pockets Of Saab's Corpse
(DBN)

Non-binding bids placed for Saab, receivers say
(DBN)

Michigan Primary raises a big question: Who gets credit for the bailout?
(DBN)

Town says it owes its life to the auto bailout
(DBN)

______________

Television:

SNN News 6 owners file for chapter 11 bankruptcy protection
(DBN)

Entropic Sweetens The Pot, Wins Trident Asset
(DBN)

______________

Turnarounds:

The Single Most Important Part Of A Corporate Turnaround
(DBN)

______________

Celebs:

What Athletes Should Do When They Experience Financial Pain
(DBN)

Terrell Owens Faces Foreclosure on 2 Dallas Homes
(DBN)

______________

Book Reviews:

Littwin on Bankruptcy Without a Lawyer
(DBN)

______________

Corporate Governance:

Duty of Care and Duty of Good Faith :))
(DBN)

______________

Retailing:

Eddie Lampert adds to stake in Sears Holdings after Ziff family sells shares
(DBN)

______________

MF Global:

MF Global Parent Confidentiality Rules Unfair, Customers Say
(DBN)

MF Global Customer Makes Impassioned Plea
(DBN)

Where Are Corzine and Company Now?
(DBN)

Is Jon Corzine's Old Car For Sale ?
(DBN)

Another MF Global Money Transfer Draws Interest --- Investigators Focusing On $325 million Transfer
(DBN)

MF Global: Crime, Comedy, and the Cover-Up
(DBN)

______________

Corporate Reform:

The FBI Is Deadly Serious About Cracking Down On Wall Street
(DBN)

Consumer Protection Advances Despite Fierce Opposition
(DBN)

D.C. judge grapples with Dodd-Frank provision targeting excessive speculation
(DBN)

______________

Mining:

Solomon Gold at risk after losses more than double
(DBN)

______________

Religion:

Palma part of bankruptcy case involving child sex abuse allegations
(DBN)

______________

Alternative Energy:

Questions arise over fire sale of Solyndra's assets
(DBN)

______________

Accounting:

Accountant Can't Bear the Thought of Serving Clients on the 100th Anniversary of the Titantic Sinking
(DBN)

Missing: One South Carolina Lobbyist and Up to $900,000
(DBN)

______________

UK:

British government hits unidentified bank with $800 million bill for tax avoidance --- Bank tax dodges halted by retrospective law --- Barclays Said to Be Bank Behind ‘Abusive’ U.K. Tax Plans
(DBN)

UK Government 'has run out of money'
(DBN)

UK: Homebuyers Return in Record Numbers
(DBN)

______________

EU:

Euro Leaders Won’t Meet Friday
(DBN)

Euro zone finance ministers to discuss Greece on March 1
(DBN)

Actually, Italians Put In More Hours Than Germans
(DBN)

Standard & Poor's Puts EFSF On Downgrade Watch—Again
(DBN)

Prospect of ECB money supports euro, shares
(DBN)

Survey shows German consumer confidence edging higher amid hopes of higher income
(DBN)

ECB Suspends Greek Bonds As Collateral
(DBN)

Renegade German Minister Breaks Ranks on Greece
(DBN)

______________

PIIGS:

Merkel: 'Incalculable' Damage If Greek Plan Rejected --- Merkel Wins Greek Aid Vote After Damage Warning --- Merkel scrapes win on Greek bailout, rebels grow --- Merkel gets beer shower
(DBN)

Greece to vote on tough salary, pension cuts
(DBN)

Juncker Says Greece May Need Additional Support
(DBN)

German tax inspector ready to descend on Greece --- Growing anti-German feeling on streets of Greece
(DBN)

Euphoria Over Greek Debt Deal Fades
(DBN)

A Complete Guide To Greece's Selective Default Next Month
(DBN)

Swaps arbiter to discuss merit of Greek CDS question
(DBN)

Will Greece Find Enough “Volunteers” for a Haircut?
(DBN)

Spain Risks Losing An Entire Generation To Unemployment
(DBN)

Spain to Prop Up Highways to Avoid Bankruptcies
(DBN)

Spain Misses Deficit Target
(DBN)

______________

Canada:

To Restructure or Liquidate? – That is the Question: Dueling CCAA and Receivership Applications
(DBN)

Dealing with Indalex
(DBN)

Oh, Canada! Northern Neighbor Becoming New Hot Spot for Big Securities Claims
(DBN)

Sheltering unsecured debt under a secured party's security does not work
(DBN)

______________

Japan:

Elpida is biggest manufacturing failure in Japan since WWII --- Japan's last PC chip maker files for bankruptcy
(DBN)

Elpida casts shadow on Japanese techs, others
(DBN)

______________

China:

World Bank: China's Economy Needs Overhaul
(DBN)

Why China Will Have an Economic Crisis
(DBN)

______________

India:

Vedanta reshuffle creates corporate rubbish bin
(DBN)

______________

Australia:

Queensland retail chain collapses amid rush to receivership
(DBN)

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