February 29, 2012

The Daily Bankruptcy News

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Law:

Paul Hastings Sees Revenue, Profits Dip
(DBN)

Staff Layoff Watch: Bingham McCutchen Makes Cuts
(DBN)

Is Working at Four or Five Law Firms a Detriment? In California, It’s Not So Unusual
(DBN)

Tips For Promoting Diversity in the Workplace
(DBN)

Clifford Chance shakes up partnership council with two new appointments
(DBN)

Law Students Learn by Doing at the Supreme Court
(DBN)

Law Grad’s Ballooning Student Debt Will Exceed $1.5M by the Time He Retires
(DBN)

Law school 'tax' at Baltimore more than twice what university claimed
(DBN)

Best Law Schools for Getting a Biglaw Job (2012)
(DBN)

Law Deans Could End Up in Prison for Misleading Applicants, Paper Suggests
(DBN)

2d Circuit Upholds Rule That Correspondence Law School Graduates Are Not Eligible To Sit For Bar
(DBN)

Law School Lunch Drama Continues — From Coast To Coast
(DBN)

Law School Transparency: If you can't do the time . . .
(DBN)

Lawyers & Economics: Student Debt
(DBN)

Moi? Hostile About Big Law?
(DBN)

OnLive Windows Desktop For iPad Review
(DBN)

The iPad 3 Will Be Announced Next Week In New York City
(DBN)

Dallas County DA Reveals His Great-Grandfather Was Executed in 1932
(DBN)

Shell, Fortescue, Bodog, Credit Agricole, Whitman, Wal-Mart in Court News
(DBN)

Judge Boots Firm from Case, Says Even ‘Collective Lobotomy’ Wouldn’t Resolve Conflict --- Benchslapped
(DBN)

Pet Custody Cases Proliferate, Divorce Lawyers Say; One Shares Custody of Dudley Dachshund with Ex
(DBN)

Man dead after drinking gas and smoking a cigarette
(DBN)

Woman arrested in fire that destroyed 'world's oldest tree'
(DBN)

Say What?!
(DBN)

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Judges:

Could Justice Thomas Become the Republican Nominee at a Brokered Convention?
(DBN)

New York’s Northern District Is Top Federal Court for Trial and Bench Productivity
(DBN)

A Breed Apart: San Antonio's Pet Court
(DBN)

Judge Takes Fifth Amendment in Legal Ethics Case
(DBN)

Judge Probed re DA’s Claim of Possible ‘Unauthorized and Illegal Judgments’ in DWI Cases
(DBN)

Supreme Court Skeptical of Using U.S. Laws in Foreign Human Rights Cases
(DBN)

America’s Most Productive Federal Courts
(DBN)

Hard Choices: Clarence Thomas
(DBN)

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Wall Street:

US stock index futures point to a firmer start
(DBN)

Wall Street higher on confidence data
(DBN)

9 Bonehead Ways You Screwed Up Your Wall Street Internship
(DBN)

Investment Banking Will Destroy Your Health Within Four Years
(DBN)

How Industries Stack Up Since Last Dow 13,000
(DBN)

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Layoffs:

Why Middle Class Jobs Are Disappearing, And What Workers Can Do About It
(DBN)

Working In This American Warehouse Sounds As Bad As Working At Foxconn
(DBN)

IBM Has Cut 1,100 Jobs in North America: Union
(DBN)

To Hire Seasonal Workers, 575 Pages of New Rules
(DBN)

The dirty little secrets of Help Wanted ads
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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MF Global:

CME subpoenaed in MF Global collapse
(DBN)

Doubtful Signs of a Criminal Case Against MF Global
(DBN)

Chicago grand jury probes MF Global's lost money
(DBN)

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Ratings:

Morgan Stanley Notes Costs of a Moody’s Cut
(DBN)

Moody's to Face Whistleblower Analyst in Court
(DBN)

European Parliament Proposes Sweeping European Powers Over Credit Ratings
(DBN)

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Consumer Debt:

Consumer Debt Falls on Less Mortgage Borrowing
(DBN)

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Pensions:

Kodak Seeking to Cut Benefits for 16,000 Retirees
(DBN)

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Retailing:

Office Depot results send positive signal
(DBN)

The Most Profitable Stores In America
(DBN)

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Golf:

Trump Buying Doral Hotel & Country Club for $ 150M
(DBN)

Cliffs subsidiary files for bankruptcy --- Foreclosures, tax problems surface
(DBN)

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Autos:

AutoZone profit rises 13% --- What Used Car Lots Are Telling Us About The Economy
(DBN)

Was the Automotive Industry Saved?
(DBN)

Obama: GOP would have left auto industry 'out to dry'
(DBN)

Obama hails auto bailout, hits back at GOP critics
(DBN)

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Municipalities:

Stockton Discourages Employee Retirement Amid Bankruptcy Review --- Stockton could become biggest city to go bankrupt --- 'There has to be a better answer' --- Stockton, California OKs bond default plan --- California city moves to avert bankruptcy --- Moves Closer to Bankruptcy on Council Vote --- Stockton council votes 6-1 to enter mediation --- Stockton's sad story a cautionary tale --- Stockton Insolvency : A Recipe for Disaster
(DBN)

Jefferson County commissioner calls for end to bankruptcy case
(DBN)

Inglewood schools get loan to avert looming bankruptcy
(DBN)

Central Falls' bankruptcy costs have exceeded $1.8 million
(DBN)

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Photography:

Kodak’s struggle continues in bankruptcy
(DBN)

Billy Crystal's tasteless Kodak bankruptcy jokes
(DBN)

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Museums:

Debt-ridden Va. Slavery Museum to present plan
(DBN)

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Economy:

Consumer confidence rises despite higher gas prices
(DBN)

U.S. Economic Confidence Flat Last Week
(DBN)

Durable Goods Orders in U.S. Drop 4%, Marking Worst Decline in Three Years --- Factory data clouds view on recovery's strength --- Richmond Area Manufacturing Activity Expands --- Texas-Area Manufacturing Expands --- Companies Invest More in Equipment
(DBN)

FDIC says bank earnings surged in Q4 to $26.5B; most of money earned by biggest banks --- Profits at 5-yr high, but revenue falls --- FDIC says US banks in position to help economy
(DBN)

A U.S. Boon in Low-Cost Borrowing --- When Will the Low-Cost Borrowing Bubble Pop?
(DBN)

Sovereign, Corporate Bond Risk Falls, Credit-Default Swaps Show
(DBN)

Energy Bills Heading Down (Really!)
(DBN)

Keystone pipeline would boost pump prices
(DBN)

Consumers Rein In Spending Amid Worries About Jobs
(DBN)

Study: Many Retirees Die Nearly Broke
(DBN)

Obama Signs Extension of Payroll Tax Cut, White House Says
(DBN)

GAO: Duplicate Gov't Programs Waste Billions
(DBN)

Congressional committee to consider tax breaks for mustaches
(DBN)

America's Oil Boom-at a Cost
(DBN)

More Teens Getting Jobs To Help Parents
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Pressure Grows on Fannie and Freddie to Cut Principal on Loans
(DBN)

Housing Is The Rotting Core Of The Recovery
(DBN)

Home prices fell in December in most US cities --- Home prices are lowest since 2002 --- Index Down 33.8% from 2006 Peak
(DBN)

Fed Gov. Duke points to mismatch in housing supply and demand
(DBN)

A Look at Case-Shiller by Metro Area
(DBN)

Houses below $200K boost Las Vegas sales
(DBN)

As Home Prices Fall Further, Is It Time to Buy?
(DBN)

Mortgage Application Volume Fell 0.3% Last Week
(DBN)

Is The American Dream Now A Rental Apartment?
(DBN)

Toll Brothers CEO Sees 'Improvement Everywhere'
(DBN)

Why More Foreclosures And Falling Home Prices Are A Good Thing
(DBN)

S&P's Blitzer: US Housing Prices May Not Have Reached Bottom
(DBN)

Housing settlement details due out this week
(DBN)

Wells Fargo: national mortgage settlement to cost $720 mln in interest
(DBN)

Foreclosure reviews could cost mortgage servicers $200 million
(DBN)

Fannie Mae, Freddie Mac, and the MBS sleeper defense
(DBN)

DC to banks: Keep $308B
(DBN)

Throwing cash at the housing market will make it worse
(DBN)

Goldman, Wells Fargo May Face SEC Mortgage-Securities Claims
(DBN)

JP Morgan Mortgage Boss Still Thinks Mortgages Are Profitable
(DBN)

Homestead bankruptcy case could take years to resolve
(DBN)

Bulk REO pilot plan disappoints: Capital Economics
(DBN)

Occupy Group Declares Victory In Bertina Jones' Foreclosure Fight
(DBN)

Fed’s Duke: Much Less Lending Would Occur if Fannie, Freddie Closed
(DBN)

FHA to Increase Cost of Up-Front Mortgage Insurance Premiums --- Housing secretary says FHA faces big risks
(DBN)

Whistleblower accuses Countrywide of appraisal fraud
(DBN)

Next wave of foreclosures could be borrowers' choice
(DBN)

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Banking:

Chase them away - Working stiffs are no longer worth it
(DBN)

Bank earnings hit five-year high in 2011 --- Best Year Since '06 But There's Still A Problem
(DBN)

Fewer banks in trouble --- 813 Banks Remain On “Problem Bank List”
(DBN)

JP Morgan Slows Ambitious Branch Expansion Plans
(DBN)

JPMorgan Says Credit, Swaps Among Trading-Revenue Leaders --- It’s Probably Best Not To Think Too Hard About JPMorgan’s Revenue-Per-Trade Breakdown
(DBN)

Bank Stocks ‘Dirt Cheap’ as Image Starts to Turn: Bove
(DBN)

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Fraud:

Three Cooperators May Testify in Whitman’s Insider Trial
(DBN)

Stanford Trial Goes To The Jury Today
(DBN)

FBI recruits Gekko to fight insider trading
(DBN)

It Only Took A Scammer 3 Tries To Weasel $2M Out Of Wells Fargo
(DBN)

More Proof Those Online Dating Sites Are Full Of Fakes
(DBN)

Texas Health-Care Fraud Said to Be Largest in U.S. History
(DBN)

Rothstein: $170 Million Probably Meant the Bank Had Some Good Defenses! --- TD Bank wants Ponzi scam deal kept private ‎
(DBN)

Wealthy More Likely to Lie, Cheat
(DBN)

A Ponzi Scheme That Never Gets Dull
(DBN)

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Food/Beverage:

Bank moves to oust Dippin' Dots CEO during bankruptcy --- Seeks trustee --- Dots has credit frozen
(DBN)

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Bankruptcy Crimes:

Former Toms River man living in Florida charged with bankruptcy fraud
(DBN)

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Small Business:

Obama's Budget Offers Mixed News for Small Business Owners
(DBN)

______________

Alternative Energy:

Solar Millennium Begins Bankruptcy Proceedings, Lays Off Remaining Staff
(DBN)

First Solar Reports Loss as Charges Equal 20% of Market Value
(DBN)

Fisker names former Chrysler CEO to lead company --- Is Fisker Prepping For Deal?
(DBN)

Q-Cells' bondholders approve bond extension
(DBN)

Microsol Close to Buying Solar-Maker Solon
(DBN)

______________

Religion:

Philly Archdiocese: Judge won't dismiss counts against RC monsignor in closely watched trial
(DBN)

A deep look into Philly's clerical culture
(DBN)

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Debt Collection:

One In Seven Americans Is Pursued By A Debt Collector
(DBN)

______________

Lehman:

Trustee, Lehman Brothers reach agreement
(DBN)

Lehman Reduces Bermuda Unit’s Bankruptcy Claim to $1 Billion in Settlement
(DBN)

______________

Politics:

Romney Beats Santorum in Michigan and Arizona
(DBN)

To Rick Santorum On Church and State: Heed Lincoln
(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 (43 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:

Kodak, Madoff, AMR, Tronox, A&P, MF Global, MSR
(DBN)

Rochelle on Allen Stanford, AMR, W.R. Grace, Saab:
(DBN)

The Year In Bankruptcy: 2011
(DBN)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Safe Harbors:

Second Circuit Expands Settlement Payment Defenses
(DBN)

______________

Litigation:

Producing party must pay for discovery: appeals court
(DBN)

‘Caricature’ of U.S. Litigation System
(DBN)

______________

Aviation:

American paid $12.375 million to advisors/consultants for bankruptcy-related services in the past year
(DBN)

Pilots union challenges AMR in bankruptcy court --- Ask for Ruling Contract Can’t Be Voided --- You can't reject our contract because we don't have a contract
(DBN)

APA: It doesn't appear American Airlines wants a consensual agreement
(DBN)

APFA doesn't like American Airlines spending on labor relations firm
(DBN)

TWU, APFA to protest American Airlines cutbacks Wednesday
(DBN)

Interesting tidbits from the AMR/American Airlines bankruptcy case
(DBN)

New Laws Pertaining to Airline Travel :))
(DBN)

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Corporate Reform:

Goldman Joins Wells Fargo Disclosing Threat of SEC Enforcement
(DBN)

______________

Health Care:

State shutdown hits Peninsula Hospital's bankruptcy proceedings
(DBN)

One percent of patients account for more than 25 percent of private insurance health care spending
(DBN)

Doctors Choose A Different Way To Die Than The Rest Of Us
(DBN)

Older Americans scrimping on health care
(DBN)

Texas Health-Care Services Accused by U.S. of $374 Million in Phony Bills
(DBN)

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Telecoms:

Dimming LightSquared’s CEO steps down
(DBN)

______________

Consultants:

Sarah Frankel Joins GCG's Bankruptcy Team
(DBN)

M&A Advisor Names ESBA Turnaround Consulting Firm of the Year
(DBN)

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Mass Torts:

U.S. attorney general says ready for BP trial
(DBN)

Thorpe: The Ninth Circuit Weighs in on Discharge of Asbestos Liability in Bankruptcy
(DBN)

______________

Abstention:

Bankruptcy Court Remains the Port of Call – Breach of Contract Claims Remain in Shipping Debtor’s Case
(DBN)

______________

UK:

Business insolvencies fall according to latest data from Experian
(DBN)

______________

EU:

Europe Delays Debt Talks After Signs of Uncertain Support
(DBN)

Euro-Region Inflation Unexpectedly Slows as Economy Weakens
(DBN)

Eurozone Economic Confidence Rises
(DBN)

What ails Europe? It's certainly not what the Serious Men would have you believe
(DBN)

ECB only delaying demise of some banks -Fitch
(DBN)

Defining ‘Default’ Gets Complicated
(DBN)

EU budget shortfall could hurt indebted states
(DBN)

The LTRO Bubble Has Popped, And Europe Is About To Find Itself In A World Of Trouble
(DBN)

Banks gorge on 530 billion euros of ECB 3-year funds --- ECB Liquidity Injection Tops Forecasts, Spurs Markets
(DBN)

______________

PIIGS:

Downgraded Greece mulls more budget cuts
(DBN)

The Mechanics of the Big Greek Debt Swap
(DBN)

Greek CDS Trigger Avoidable With 75% Swap Take-Up, Goldman Says
(DBN)

Support Is Offered to Greek Banks After Latest Downgrade
(DBN)

Greek retail investors may be compensated in PSI
(DBN)

Moody's: Greek Debt Default Remains High
(DBN)

Greece Inches Closer to a Messy Default
(DBN)

Greeks Seek Job Positions in Argentina
(DBN)

Passive-Aggressive Push for a Greek Bankruptcy Continues
(DBN)

Goldman, Wells Fargo May Face SEC Mortgage-Securities Claims
(DBN)

Dutch parliament backs Greek bailout , reluctantly
(DBN)

Ireland to Hold Vote on EU Fiscal Compact --- Euro pares gains as Ireland to vote on EU pact --- Referendum may stall recovery
(DBN)

Ireland Vote on Euro Treaty Will Be Close: Economists
(DBN)

Portugal passes bailout review by 'troika' --- Portugal : the teacher's pet to Greece's rebel --- Kraemer Says Greek Debt Swap May Impede Portugal Selling Bonds
(DBN)

EU Commission pressures Spain on budget
(DBN)

The Money Ran Out; Then the Villagers Stepped In
(DBN)

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Japan:

Elpida to draw up rehab plan in 6 weeks
(DBN)

Elpida Margin-Order Surge Shows Investors Bet Wrong on Bailout
(DBN)

Gov't holds urgent talks over Elpida bankruptcy
(DBN)

Taiwan seeks merger with restructured Elpida
(DBN)

______________

Brazil:

Celpa Files for Bankruptcy Protection as Crisis Worsens
(DBN)

Eletrobras may rescue Rede as unit faces distress
(DBN)

______________

Australia:

Leap year, or bankruptcy loophole?
(DBN)

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Copyright 2011