February 3, 2012

The Daily Bankruptcy News

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Law:

Madonna fan and Haynes and Boone partner volunteers to work on stage crew at Super Bowl halftime show
(DBN)

Linklaters set to shift client focus and crack down on partner performance
(DBN)

Bonus Watch: Finnegan Deals Nice Merit Bonuses to the Worthy
(DBN)

Bonus Watch: Wilson Sonsini Announces Bonuses and Base Salary Scale
(DBN)

State of the Market – Florida
(DBN)

DLA's Knowles got £1.7m profit share in 2010-11
(DBN)

McDermott Stems the Tide as Revenues, Profits Rise
(DBN)

Is Resolution at Hand in EEOC Bias Suit Against Kelley Drye?
(DBN)

Slip Sliding Away - The number of DC lawyers shrank again last year
(DBN)

Investor Sues Greenberg Traurig, Says Law Firm Helped Lender Client Defraud Investors
(DBN)

Hank Greenberg Should Maybe Get His $25bn Back, But Not For The Reasons Boies Thinks
(DBN)

JPMorgan, Barclays, Wal-Mart, Stryker, Deutsche Bank, Dow in Court News
(DBN)

Court suspends lawyer over fees charged in allegedly fake lawsuit
(DBN)

Credit Suisse, Standard Life, Glaxo, AIG, Apple, Redknapp in Court News
(DBN)

UK: Firm of the Year 2012: Results and winner announced
(DBN)

Hogan Lovells set to name London litigator as sole chairman
(DBN)

CC, Linklaters and SNR Denton take lead roles as Petroplus files for administration
(DBN)

Lawyers Still Have a Lot to Learn About Technology, Ethics 20/20 Witnesses Say
(DBN)

Move Over, Harvard: BYU Law Has Got Memorial Trash Cans
(DBN)

A Law School Love Story: Prominent Professor Marries Columbia 3L
(DBN)

What’s the Difference Between Law School Admission and Spam? Good Question
(DBN)

Emory Law Students Rush to Apply for Babysitting ‘Opportunity’
(DBN)

Honda loses small-claims suit over hybrid MPG --- Ex-Lawyer Reconsiders Legal Career After Winning Unusual Small Claims Case Over Honda Hybrid
(DBN)

Once-Powerful Lawmaker On Trial for Bribery re $8K-Per-Month Law Firm Retainer Payments
(DBN)

‘Defending Unpopular Positions Is What Lawyers Do’
(DBN)

Full 2nd Circuit OKs Hefty Sanction for 2 Lawyers re ‘Cynical Delusion and Fantasy’ 9/11 Case
(DBN)

FBI Targets "Hoarder" In Top-Secret Thefts
(DBN)

Sisters Charged For Assaulting Man With Pliers
(DBN)

Another School Seeks To Curb Grinding Menace
(DBN)

Ever Been That Drunk?
(DBN)

Say What?!
(DBN)

______________

Judges:

New York bankruptcy court taps new chief judge
(DBN)

Thieves Make Off with $3M Mother Lode of Gold Nuggets Featured in Courthouse Display
(DBN)

Promotion and Pay Freeze on Federal Law Clerks Has Been Lifted
(DBN)

SCOTUS Justice Sotomayor: Soft on Crime! :))
(DBN)

______________

Wall Street:

Stock index futures point to slightly higher start
(DBN)

US Stocks Flat Before Friday's Jobs Report
(DBN)

Facebook is great. But $100 billion great?
(DBN)

Facebook Will Make The Fortune 500 Faster Than Any Company Ever
(DBN)

Facebook Is A Miracle Of Capitalism
(DBN)

Facebook's IPO Is Not About Money, Really
(DBN)

Will Mark Zuckerberg Ever Pay Taxes Again?
(DBN)

Facebook being worth $100B doesn't add up
(DBN)

Here's How JP Morgan Beat Goldman Sachs To The Second Underwriting Spot On The Facebook IPO
(DBN)

Graffiti artist paid in Facebook stock now worth $200 million
(DBN - NY Times - Paywall Limit Possible)

The Most Impressive Numbers In Facebook's S-1: 77 and 27
(DBN)

Facebook: Corporate Governance Minefield
(DBN)

Woman Accused of Selling Fake Facebook Stock
(DBN)

The Real Reason Wall Street Loves Debt And Leverage
(DBN)

______________

Layoffs:

Jobless claims fall, jobs market slowly healing
(DBN)

U.S. Unemployment Up, to 8.6% in January
(DBN)

US Workers Are Toiling Harder And Getting Paid Less Than Ever
(DBN)

Layoffs Watch ’12: UBS
(DBN)

Bonus/Layoffs Watch ’12: Barclays
(DBN)

Small Business Hiring Shows Little Improvement in US
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

AMR fires opening salvo
(DBN)

Take a look at American Airlines' term sheets for the three unions --- Precious little news about what is planned at American Eagle --- Concerned officials discuss American Airlines' plans to cut back jobs --- Contract talks with unions need to be accomplished in a few weeks --- APFA president to members: American Airlines proposal is 'repulsive' --- TWU to members: 'Taking all actions possible' --- Horton answers questions about American Airlines' restructuring plan
(DBN)

Q&A about American Airlines' bankruptcy
(DBN)

Chicago Could Be Hit By American Airlines Layoffs
(DBN)

American's bankruptcy fuels merger talk --- Horton doesn't sound worried about a US Airways bid
(DBN)

AA Bankruptcy Calls Into Question Oklahoma Taxpayers' $61 Million Investment
(DBN)

PBGC's Gotbaum reminds Congress of earlier American Airlines pension relief
(DBN)

Should Taxpayers Take The Hit For American Airlines' Pension Plans?
(DBN)

Spirit Introduces A $2 Fee To Cover The Costs Of New Government Regulation
(DBN)

Pace Airlines Settlement Reached
(DBN)

Malev Stops Flying as Hungary Cuts Its Losses --- Seeks Plan to Keep Flying as Cash Runs Out --- Planes held overseas
(DBN)

Turbulence for Europe's State-Owned Airlines
(DBN)

______________

Health Care:

Christ Hospital to file bankruptcy plan 'if necessary' after proposed sale falls through
(DBN)

Jobson Medical Information Holdings Files for Bankruptcy Court Protection
(DBN)

Peninsula creditors push for Revival alternative
(DBN)

Reedley hospital district starts paying debt
(DBN)

_____________

Banking:

Judge OKs Hedge Fund Claim Against WaMu Before Bankruptcy Hearing
(DBN)

Barclays Plans 25% to 30% Pay Cut for Bankers
(DBN)

Swiss question 12 banks as Libor probe widens
(DBN)

______________

Economy:

Bernanke urges caution in overly rapid deficit cutting --- Bernanke: Economy faces 'significant headwinds' --- Vulnerable to Shocks Even Amid Signs of Improvement --- Bernanke: Spending is Unsustainable --- A Reminder on Who Outted Bernanke --- Paul Ryan Bashes Bernanke For Killing Savings, Distorting Markets --- Living in a Zero Percent World
(DBN)

Most US Manufacturing is Not Coming Back
(DBN)

Fed's Evans Seeks Clearer Rate Pledge or 'Ambitious' Asset Buys
(DBN)

Fewer Seek Unemployment Aid as Job Market Improves
(DBN)

America's economy in 2012 is like a plane flying at low altitude
(DBN)

Economy likely started 2012 with solid job growth
(DBN)

Being In The Top 1 Percent Doesn't Mean Much If You Don't Live In One Of These Cities
(DBN)

Obama: Tax The Rich, Jesus Would
(DBN)

The Problem That the Buffett Rule Won’t Fix
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Will The Proposed Robo-Mortgage Settlement Give Banks a Free Pass? --- This Leaked Provision Of The Nationwide Mortgage Deal Could Have Banks Paying States Over And Over Again
(DBN)

Obama's new housing refinance plan --- “Administration Officials Don't Really Want Housing Program to Work”
(DBN)

The Permanent Foreclosure Crisis and Obama's Refinancing Obsession
(DBN)

US Senate Adopts Ban on Fannie, Freddie Bonuses
(DBN)

Why Fannie and Freddie are Hesitating to Help Homeowners
(DBN)

JPMorgan Sued in New York on $515.6 Million of Mortgage-Backed Securities
(DBN)

Time Magazine to Feature Prosecutor Who Won First Criminal Guilty Pleas in Mortgage Meltdown
(DBN)

Ex-Lawyer Pleads Guilty to Bank Fraud in $1.1M Mortgage Scheme
(DBN)

Nationwide Title Clearing Sued by Illinois Over Foreclosure Documents
(DBN)

Rate on 30-year mortgages falls to record low 3.87%
(DBN)

A 4-Step Guide On How To Lock A Low Mortgage Rate
(DBN)

Vegas default notices down substantially after new law
(DBN)

Multifamily lending spikes at Freddie Mac, Fannie Mae
(DBN)

Mortgage rates tumble to record low again
(DBN)

CoreLogic: Home prices declined nearly 5% in 2011
(DBN)

PMI Group latest mortgage insurer to give Fannie Mae short-sale authority
(DBN)

Ally to resolve troubled ResCap mortgage unit by year-end
(DBN)

Many First-Time Home Buyers Look To Parents To Finance Their Mortgages
(DBN)

Manhattan Townhouse Prices Have More Than Doubled In The Past Decade
(DBN)

Ally Financial loses $250M in 4th quarter
(DBN)

Kazba's lease is now a focus of EpiCentre investigation --- EpiCentre attorney resigns from case
(DBN)

_____________

MF Global:

MF Global risk officer says ousted after warnings --- Former chief risk officer of MF Global says he warned Corzine on risky bets --- MF Global's Former Risk Officers Defend Their Tenures
(DBN)

MF Global U.K. Clients to Receive Initial Payout of 26 Cents on the Dollar
(DBN)

CME Group sets up $100 million fund to protect farmers, ranchers ...
(DBN)

Jon Corzine Was The Mark Zuckerberg Of MF Global, But In A Bad Way
(DBN)

MF Money Mystery Is How Much It Paid Moody’s
(DBN)

______________

Pensions:

Labor Department finalizes 401(k)fee disclosure plan
(DBN)

______________

Photography:

Kodak breaking up with the Oscars
(DBN)

Kodak Owes Hollywood Studios Big Money in Bankruptcy
(DBN)

Kodak doing poor job of managing image during bankruptcy
(DBN)

______________

Politics:

In Mass. Senate race, GOP's Brown embracing Obama
(DBN)

House Democrats Recorded An Al Green Parody For Obama
(DBN)

More than half of conservative Republicans surveyed reported "every time" Only 40 percent of liberal Democrats could say the same.
(DBN)

Lawyers Rank Third on Obama Campaign Donor List Even With Lobbying Ties
(DBN)

Why Obama Should be Worried
(DBN)

GOP Holds Its Own or Grows Among Every Major Religious Group
(DBN)

Lower-Income Republicans Say Government Does Too Little for Poor
(DBN)

______________

Corporate Reform:

Goldman Sources Say Goldman Will Avoid Criminal Charges In Justice Department Probe
(DBN)

Ex-Tyco CEO Dennis Kozlowski Is Mentoring Ja Rule In Prison
(DBN)

Gupta trial could herald financial 'CSI effect'
(DBN)

Is The Insider Trading Crackdown Behind Lousy Hedge Fund Returns? ‎
(DBN)

New Bloodhound on the Block - Familiar face to lead financial fraud task force
(DBN)

Secretary Geithner Just Gave The Complete 'Here's Where We Are And Where We Need To Be Speech' On Wall Street Reform
(DBN)

______________

Personal Finance:

Bankruptcy And Dating: Should You Go Out With Someone Who's Filed Chapter 11?
(DBN)

______________

Religion:

Archdiocese Angers Many by Contesting Abuse Claims
(DBN)

______________

Baseball:

SAC's Cohen Buying $20M Mets Stake --- Confidential To Bud Selig: Watch Your Mouth Or He’ll Buy It All
(DBN)

______________

Autos:

President Obama’s claim that some wanted to let the auto industry die
(DBN)

China's Youngman bids for Saab
(DBN)

Painful Farewell to Saab's Heritage
(DBN)

_____________

Student Debt:

Sallie Mae Walks Back Student Loan Forbearance Policy
(DBN)

______________

Tax:

The US Has Charged Switzerland's Oldest Private Bank With Aiding In Tax Fraud
(DBN)

______________

Mass Transit:

Las Vegas Monorail to shed more debt in latest plan
(DBN)

______________

Shipping:

Baltic Dry Index Falls to Record Low
(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
(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:

MF Global, Malev, Irish-Welsh Sea Ferry, Manroland: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Equifax: Bankruptcies decline in 2011
(DBN)

Business bankruptcies to boom this year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claim Priority:

No Administrative-Priority Claim for Tort Victims: Operating vs. Liquidating Responsibilities
(DBN)

______________

Jurisdiction:

Southern District of New York Takes a Stand on Stern
(DBN)

______________

Municipalities:

Providence mayor warns of possible bankruptcy --- Bankrupt by June without contributions --- Speaker Fox Says Legislature Could Force Tax-Exempts to Pay Up --- Bankruptcy looms as mayor threatens legal action
--- Council will “Go to War” Over Tax Hike
(DBN)

Central Falls receiver Flanders set to meet with Mayor Taveras
(DBN)

Economist: Bankruptcy may not be end-all cure to Detroit's financial problems
(DBN)

Court Rulings Shake Up Muni Markets
(DBN)

New York City Stretches Out Pension Payments in $68.7 Billion Budget Plan
(DBN)

______________

Fraud:

Allen Stanford Conspired in Investment Fraud, Former CFO Davis Testifies --- Stanford's deputy admits he lied to investors --- Stanford Financial Group Ex-CFO Testifies at Ponzi Scheme Trial --- Accountant Says Stanford Used Clients' Money To Fund Own Businesses --- Ex-Stanford exec tells jurors Texas financier ran businesses with a mix of flattery and fear --- Ex-Stanford exec says financier was intimidating
(DBN)

Senate Democrats: Apply Insider Trading Rules to Top Federal Officials ‎
(DBN)

Fraudulent Debt = Counterfeit Money
(DBN)

Krones Warns of Profit Drop Over Le-Nature's Fraud
(DBN)

A Tip For Would Be White-Collar Criminals Weighing Consequences Of Playing It Fast And Loose: “Prison Is Amazing”
(DBN)

Senate OKs insider trading curbs on lawmakers
(DBN)

______________

Retailing:

United Retail, Owner of Avenue Clothing, to Take DIP Loan
(DBN)

For United Retail Group, Ch. 11 isn't a plus
(DBN)

______________

Celebs:

Super-agent Leigh Steinberg's battle back from bankruptcy and alcoholism
(DBN)

______________

Corporate Governance:

The Co-CEO Model Is Officially Dead
(DBN)

Boards Beware of Growing Executive Compensation Packages
(DBN)

______________

Sovereigns:

What Rising Health Care Costs Could Do To Sovereign Ratings
(DBN)

______________

UK:

Even Though UK Unemployment Is Up And The Economy Contracted, Most Austerity Cuts Haven't Happened Yet
(DBN)

Personal insolvencies 'down 11%'
(DBN)

______________

EU:

Bernanke Says Some Euro-Area Nations Will Grow Slowly for 'Quite a While'
(DBN)

Euro Drops on Greek Debt-Talk Concern
(DBN)

German Banks to Reach Capital Targets on Their Own
(DBN)

ECB's Game of Chicken on Crisis Has Risks, Fitch's Riley Says
(DBN)

EU Signs Permanent Rescue Fund, to Review Limit in March
(DBN)

Deutsche Bank concerned by offer of ECB loans
(DBN)

Euro zone sales tumble at Christmas as households suffer
(DBN)

This Is The Realistic 'Best Case Scenario' For Europe
(DBN)

Euro Zone Private Sector Snaps 4-Month Run of Decline
(DBN)

Germany is being drawn deeper and deeper into a bet on the EU's survival
(DBN)

______________

PIIGS:

Schaeuble Sees Chance for Greece to Manage its Debt Woes
(DBN)

Juncker Warns Greece Bank Talks Difficult
(DBN)

Ackermann May Travel to Athens This Weekend for Greek Talks
(DBN)

Greek State Racing Firm CEO Arrested in Tax Debt Case
(DBN)

Never mind PSI, OSI is all the rage
(DBN)

Even with rescue, Greece not out of the woods
(DBN)

Second Bailout Not Enough, Greece Needs Another $20 Billion
(DBN)

Greek Deficit May Have Narrowed to 9.1% of GDP, Imerisia Says
(DBN)

Papademos To Meet With Party Chiefs Over Loan Deal
(DBN)

Greece’s Archbishop Says Austerity Is Killing the Country
(DBN)

Greek Union, Employers Form Common Front Against Wage Cuts
(DBN)

Crisis-hit Greeks Moved 16 Billion Euros Abroad
(DBN)

Hackers Attack Greek Ministry Site in Austerity Protest
(DBN)

Spain demands banks raise 50 bln eur in extra funds --- Merge to Purge
(DBN)

Mario Monti's Tough Approach To Italy's Debt Crisis Is Working Because It Has Nothing To Do With Politics
(DBN)

Fears that Portugal will follow Greece prompt ECB to act --- Debt, austerity and recession threaten slow death for bailed-out Portugal's economy
(DBN)

Portugal living costs soar
(DBN)

______________

France:

French Court of Appeals Confirms Heart of La Defense's Right to Seek and Obtain Creditor Protection in France under Safeguard Proceedings
(DBN)

______________

Canada:

Flaherty Says Canada Must Take Actions to Keep Pension System Sustainable
(DBN)

NewPage workers suing company for $168M
(DBN)

______________

Indonesia:

20-year sentence sought for bribed bankruptcy judge
(DBN)

______________

Japan:

Japan's Panasonic projects record annual net loss
(DBN)

______________

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