January 11, 2012

The Daily Bankruptcy News

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Law:

Judge Voids Law Firm Contract Provisions That Discourage Clients from Following Exiting Attorney
(DBN)

Bonus Watch: Kasowitz Rewards Superior Legal Minds
(DBN)

Jenner & Block Names New Bankruptcy Partner
(DBN)

The Litigation Power Rankings
(DBN)

Big law firms don't care about your LL.M., recruiter warns
(DBN)

Ex-SEC lawyer said to settle Stanford-linked case --- Report: BigLaw Partner, Will Pay $50K re Work for Accused Swindler
(DBN)

Ex-GC of WellCare Health Plans Charged with Fraud
(DBN)

Report Clears Florida AG In Firing Of Foreclosure Attorneys
(DBN)

Loeb & Loeb Expands Bankruptcy Practice In Los Angeles
(DBN)

BNY Mellon, Visa, Countrywide, Morgan Stanley in Court News
(DBN)

RBS, Cnooc, WellCare, Refco, J&J, MBIA-BNP, KBR, in Court News
(DBN)

BigLaw Alum Fired from NFL Job Over Contract Mistake
(DBN)

Morgan Stanley Finally Decapitates One of its Two Legal Heads
(DBN)

ExhibitView iPad App Review
(DBN)

Update on Johnathan Perkins: Did He Get His Law Degree?
(DBN)

Dean departs La Verne following ABA's accreditation rebuke
(DBN)

Secrets to Good Grades and a Happy Career
(DBN)

NY Judge Offers AALS a Cure for What Ails It
(DBN)

John Grisham Talks The Firm
(DBN)

Tips for a Better Legal Career
(DBN)

Some Sightings of the Elusive Lawyer Athlete
(DBN)

Rescued Lawyer, 84, Says Age Is No Impediment to Another Cape Horn Solo Sailing Try
(DBN)

The Bottom Rung
(DBN)

Media mogul faces trial for Muslim Mickey Mouse
(DBN)

The Real Deal on Courtney King’s Arrest
(DBN)

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Judges:

Scalia Hits 9th Circuit in Case of Overturned ‘Skid Row Stabber’ Conviction
(DBN)

Judge Is Reassigned After Asking Colleagues to ‘Stand in Solidarity’ over Lack of Security
(DBN)

Ga. Judge Who Retired After ‘This American Life’ Ignited Ethics Firestorm Now Faces Criminal Probe
(DBN)

Taxpayers to fund judge's appeal in "Kids for Cash" case
(DBN)

Rare sight: judge testifies publicly to fight misconduct charges
(DBN)

Chief Judge Rader & Band DeNovo to “Rock” San Diego’s House of Blues
(DBN)

The Supreme Court gets the full-monty treatment --- TV Decency Is a Puzzler For Justices
(DBN)

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Wall Street:

Stock futures edge higher on earnings hopes
(DBN)

Dow Climbs to Highest Level Since July; BofA Soars
(DBN)

As payday nears, Wall Street bonuses shrivel --- Widening pay gap on Wall Street --- Wall Street Mulls Partial Pay Freeze
(DBN)

Actually, Wall Street's Getting Paid More This Year If You Compare Payouts To Revenues
(DBN)

Goldman's switch
(DBN)

Investors Haven't Been This Worried About A Stock Market Crash In Years
(DBN)

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Layoffs:

MetLife: Most of 4,300 at Mortgage Unit to Lose Jobs
(DBN)

For each job opening, four are seeking work
(DBN)

BLS: Job Openings "unchanged" in November
(DBN)

U.S. Employment and Wage Growth in Large Counties
(DBN)

No, Machines Are Not Taking People's Jobs And Increasing Unemployment
(DBN)

Women finally seeing signs of jobs recovery
(DBN)

Will Obama break even on jobs?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Tiffany Falls After Cutting Forecast on Weaker Holiday Sales
(DBN)

Urban Outfitters Tumbles After Saying Senk Resigned as CEO
(DBN)

Troubled Disney-area mall for sale
(DBN)

Blackstone Joins DDR to Buy Shopping Centers for $1.43 Billion
(DBN)

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Health Care:

Hospitals Are Cutting Costs By Not Treating Gunshot Victims Right Away
(DBN)

Medical center turns to Clarksville for backing
(DBN)

The unsustainable history of U.S. healthcare costs
(DBN)

Medical Advice for the New Year: Don't Get Sick
(DBN)

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Student Debt:

Student Loans and Bankruptcy - The Debate Continues
(DBN)

Student Loan Defaulters Have Become The Scourge Of Society
(DBN)

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Food/Beverage:

Twinkie-Maker Hostess Brands Files for Bankruptcy Protection
(DBN)

Hostess Reenters Bankruptcy Less Than Three Years After Emerging
(DBN)

The Two Big Trends That Pushed Hostess Toward Bankruptcy
(DBN)

A&P: Not Liable to Pension Partners
(DBN)

A&P To Close 14 Stores as Part of Turnaround Strategy
(DBN)

USA Springs deal is muddied yet again: Detention of two Swiss executives prompts doubts about legitimacy of bonds
(DBN)

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IP:

Ailing Kodak Files Patent Suits Against Apple And HTC
(DBN)

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Lehman:

Lehman Still Doing Deals in a Second Life on Wall Street
(DBN)

Denied injunction, Lehman seeks OK to buy Archstone stake
(DBN)

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Hotels:

U.S. Bank Sues in New York on $70 Million Hotel Loan
(DBN)

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CDS:

Credit-Default Swaps in U.S. Fall to Lowest Level Since October
(DBN)

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Oil/Gas:

U.S. Gasoline Use Declines to Seven-Year Low
(DBN)

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Fraud:

Ponzi Schemer Shapiro’s Associate Gets One Year in Prison for Tax Crime
(DBN)

SEC Said to Prepare Vote on Cases Against Ex-Stanford Executives
(DBN)

Why Congress Isn't Liable for Insider Trading
(DBN)

Petters Ponzi scheme spawns two lawsuits
(DBN)

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Hedge Funds:

A 36-year-old descendent of aristocrats runs the world's best-performing hedge fund
(DBN)

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Small Business:

Poor Sales remains top business problem for small business owners
(DBN)

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Resorts:

Federal judge rules to move Spanish Peaks bankruptcy case from Delaware to Montana
(DBN)

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Baseball:

Dodgers settle with Fox, abandon media rights sale
(DBN)

The Dodgers, dollars, and development
(DBN)

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Mail:

No Kodak moment for USPS
(DBN)

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Radio:

Bids on Inner City stations are due February 13
(DBN)

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Economy:

Federal Reserve pays $77 billion to Treasury
(DBN)

U.S. Economic Confidence Rises to Seven-Month High
(DBN)

American Confidence at Recession Levels
(DBN)

Nov. wholesale stockpiles rise slightly
(DBN)

Boston Fed Directors Sought Cut in Discount Rate, Minutes Show
(DBN)

Fed's Williams Sees 'Strong' Case for Purchasing More Bonds
(DBN)

Why Ben Bernanke's Task Is Incredibly Tough
(DBN)

If Europe Coughs, the US Will Eventually Catch a Cold
(DBN)

How To Prepare For An Economic Collapse
(DBN)

High cost of shadow economy
(DBN)

GAO Report: Treasury Department Did Not Publicize TARP Problems
(DBN)

National Satisfaction Up Slightly at Start of 2012, to 18%
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

DOJ: Feds must take active role in foreclosure mediation
(DBN)

Republican Senators Rebuke Fed for Offering Advice on Housing
(DBN)

Bernanke Doubles Down on Fed Bet Defied by Recession: Mortgages
(DBN)

Fed Governor Sarah Bloom Raskin Addresses Foreclosure Crisis and the Rule of Law
(DBN)

Fannie Mae CEO Stepping Down
(DBN)

The Kinder, Gentler Way To Kill Fannie And Freddie
(DBN)

2011 mortgage modifications fall short of previous year
(DBN)

What is the Relationship Between Credit Cards and Mortgage Delinquency?
(DBN)

Mortgage Rates for Tuesday, January 10, 2012
(DBN)

US Mortgage Applications Picked Up Last Week
(DBN)

The Complete History Of US Real Estate Bubbles Since 1800
(DBN)

Mass refinancing one of the few remaining things Obama can accomplish without Congress
(DBN)

Fed Pushes Refinancing, But Obstacles Abound
(DBN)

The Elusive Mortgage Refinancing Bonanza
(DBN)

JPMorgan Chase 2011 mortgage originations lowest in 10 years
(DBN)

MetLife to Exit Home Mortgage Origination
(DBN)

Problem properties present balancing act for cities
(DBN)

BNP Paribas drops out of MBIA restructuring lawsuit
(DBN)

Countrywide wants FDIC complaint stalled on jurisdictional decision
(DBN)

Getty Petroleum Marketing, Inc. Has Been Ordered to Meet Its Post-Bankruptcy Lease Obligations
(DBN)

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Water:

Glades utility bailout in jeopardy, as South Bay rejects county takeover deal
(DBN)

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Aviation:

Aircraft leases in crosshairs as AMR restructures
(DBN)

American, unions and NMB to meet on Thursday
(DBN)

AMR's American Eagle Hires Bain to Review Labor Costs
(DBN)

AMR Seeks to Hire Perella Weinberg as Labor, Pension Adviser
(DBN)

American proposes SkyWorks as aircraft advisor
(DBN)

Compensation for Pinnacle executives comes under scrutiny as airline restructures
(DBN)

EC orders Hungary to recover “illegal” state aid from Malév
(DBN)

JAL provides blueprint for others to follow
(DBN)

Banks grapple with Air India loans as restructuring deferred
(DBN)

Debt-ridden Kingfisher gets extension to pay service tax
(DBN)

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Photography:

Troubled Kodak Creates New Business Structure
(DBN)

Kodak buys a little time
(DBN)

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Politics:

Surprise! Most Conservatives Like Mitt Romney
(DBN)

Romney Wins NH Primary; Ron Paul Takes Second Place
(DBN)

Romney rivals all become socialists, to horror of conservatives
(DBN)

Gingrich Says Romney Has ‘Very Big Questions’ to Answer About Time at Bain
(DBN)

Fact or fiction? Romney's private equity past
(DBN)

Attack Film Depicts Romney as ‘Ruthless’ Rich --- Romney Film Stretches Truth While Taking Comments Out of Context
(DBN)

Newt Gingrich can't talk his way out of Freddie Mac tie
(DBN)

Bill Would Require Drug-Testing for State Legislators
(DBN)

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Banking:

Three Different Things Freaking Out Bank Of America
(DBN)

RBS's Ulster Said to Plan Job Cuts, About $64 Million of Savings
(DBN)

JP Morgan Is Holding On To Its Top Talent By Simply Doing Nothing
(DBN)

Too-Big-to-Fail Definition May Expand to National Lenders, Shadow Banking
(DBN)

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Municipalities:

Judge approves accords in Central Falls bankruptcy
(DBN)

Harrisburg City Council needs a reality check on bankruptcy
(DBN)

Mayor Vetoes Budget; Calls It Illegal, Politically Motivated --- Hbg. City Council to attempt budget veto override
(DBN)

Harrisburg: A Case Study in State Barriers To Chapter 9
(DBN)

JeffCo trying to pull legal costs under control
(DBN)

Solving Insolvent Public Pensions: The Limitations of the Current Bankruptcy Option
(DBN)

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Theme Parks:

EarthQuest dino-park lands in bankruptcy - Tuesday, January 10, 2012
(DBN)

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Museums:

Mob attraction at Las Vegas casino to be sold
(DBN)

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Banking:

ShoreBank Corp. Seeks Court Protection After Being Closed
(DBN)

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Credit/Debit Cards:

Supreme Court Upholds Arbitration Provision in Credit Card Contract
(DBN)

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Tax:

Companies that pay no federal income tax on the rise
(DBN)

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Utilities

Southern Montana hires outside counsel
(DBN)

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IP:

The Vulnerability of Intellectual Property Licenses in Chapter 15 and the Meaning of § 1506
(DBN)

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Protests:

Zuccotti Park may be vacant, but Occupy legal battle continues
(DBN)

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Corporate Reform:

CFPB: Barofsky Barks
(DBN)

Obama's Consumer Watchdog Targets Mortgage, Payday Lenders
(DBN)

CFPB opens investigation into PHH
(DBN)

CFTC May Vote on Derivative Rules to Protect Cities, Collateral
(DBN)

______________

Compensation:

Even for Apple, a $400 Million Paycheck May Be Too Rich
(DBN)

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Celebs:

Judge orders sale of Troubleshooter Tom Martino's hangar, despite his objections
(DBN)

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Defaults:

Default Rate Falls in US, Rises in Europe ‎
(DBN)

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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)

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Miscellaneous:

Rochelle: Health Care Was Sick In 2011, Banks Healthier
(DBN)

Weil Gotshal Looks Back at 2011
(DBN)

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Bankruptcy Statistics:

Global company failures seen up 3 pct in 2012-report
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Claim Allowance:

"Superior" Strength- Or How to Bend Barred Claims
(DBN)

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Consultants:

The Chapter 11 Financial Advisors
(DBN)

Michael McCauley Promoted to Shareholder of Phoenix
(DBN)

The 10 Best Consultancy Firms To Work For In Europe
(DBN)

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Plan Confirmation:

The Role of Valuation Uncertainty in Attempted Cramdown of All-Equity Plans
(DBN)

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Eligibility:

Gelding the Lily: How the Bankruptcy Code’s Promotion of Marriage Leaves it Impotent
(DBN)

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Litigation:

No Resolution Reached in Pippins v. KPMG Discovery Dispute
(DBN)

Current M&A-Related Litigation Trends
(DBN)

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Insurance:

PHH raises " going concern " doubts --- Targeted by CFPB in Reinsurance Kickback Probe
(DBN)

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Change:

Kodak, Sears and Borders illustrate 'creative destruction'
(DBN)

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Brokers:

Refco Customers Lose Appeals Bid on Dismissal of Suit Against Executives
(DBN)

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MF Global:

MF Global Holdings Trustee Louis Freeh Seeks Bankruptcy Creditor Priority
(DBN)

MF Global’s 318 Securities Accounts Only Half Transferred, Trustee Says
(DBN)

MF Global UK Clients Face 'Life or Death' Battle for Funds
(DBN)

FSA under fire for no-show at MF Global funds meeting
(DBN)

MF Global UK Clients Demand Results
(DBN)

Unaware of any effort to 'break up' CME: CME CEO
(DBN)

Former MF Global Employees Had A Party, Where A Jon Corzine Pinata Was The 'Star'
(DBN)

KPMG racks up £14m in fees at MF Global UK
(DBN)

MF Global Singapore plans to return initial $350 mln in client money
(DBN)

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UK:

Global Distressed Debt & Bankruptcy Restructuring 2011 Rankings
(DBN)

UK bankruptcy of Ireland's former richest man annulled
(DBN)

Bankrupts are a tourist the UK doesn't need
(DBN)

Rothschild leads the way in weak restructuring market
(DBN)

Kuwaiti retailer buys troubled British stores
(DBN)

College Students Are Feeling The Ripple Effect Of UK Tuition Fee Hikes
(DBN)

UK law firm quartet line up on Blacks and La Senza administrations
(DBN)

Blacks and La Senza: aggression vs seduction?
(DBN)

Accountants racking up debts
(DBN)

KPMG shows breadth in its insolvency division
(DBN)

Top Firm 'Bet The Bank' - And May Well Have Lost --- At Nomura, future direction hangs on who succeeds --- Executive Departures Mark 'Turning Point'
(DBN)

Little Chef to close 67 of its 161 sites, 500-600 jobs
(DBN)

UK retailer Past Times in last-minute rescue talks-source
(DBN)

Hospitality and leisure sectors suffer increased insolvencies
(DBN)

______________

EU:

Europe's debt crisis: An end in sight? Not so fast
(DBN)

Hungary inches nearer IMF deal, central bank talks up forint
(DBN)

Germany Reaped Most Economic Benefit From Euro --- Germany May Be on Brink of Recession After Economy Contracts
(DBN)

Angela Merkel and Nicolas Sarkozy's mission impossible: Save the euro
(DBN)

German CDU Sees Transaction Tax With Or Without Allies
(DBN)

______________

PIIGS:

Significant chance of Italy downgrade: Fitch
(DBN)

The Mafia Is Now The Biggest Bank In Italy
(DBN)

Once Again, Italy's Debt Crisis Is Really Weird
(DBN)

Greek bond swap talks nearing deal- sources --- How Much of a 'Haircut'?
(DBN)

Greece, Creditors Agree on Coupon for Debt Swap, Euro2day Says --- Dallara due in Athens as PSI talks start to bear fruit
(DBN)

Hedge funds play hardball over Greek restructuring
(DBN)

Desperate Greek Parents Are Giving Up Their Children
(DBN)

Labor Union Open To Talks, But Refuses Wage Cuts
(DBN)

With Work Scarce in Athens , Greeks Go Back to the Land
(DBN)

Greek Crisis Dries Up Drug Supply, Even Aspirin Can't Be Found
(DBN)

Greek deficit to exceed target in 2011
(DBN)

Fitch: Greece could leave eurozone this year --- 'Time Is Running Out'
(DBN)

Hedge Funds the Winners if Greek Bailout Arrives
(DBN)

New Greek Scheme: Pay Pedophiles, Thieves, Arsonists, Masochists
(DBN)

Bankruptcy ruling blow for Quinn --- State-owned bank has pursued tycoon across two jurisdictions --- They'll never get the money back, insists ex-tycoon --- Could face 12 year business ban in Republic --- No surprise many business people opt to break for the border
(DBN)

Rogoff Says Ireland Among European Nations at Risk of Default
(DBN)

Bailed-out Portugal's recession seen worsening
(DBN)

Spain to Make Banks Cut Foreclosure Values, Confidencial Reports
(DBN)

Spain's November Industrial Production Hit 2-Year Low
(DBN)

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Canada:

Windsor Man Charged with Bankruptcy & Insolvency Act Offences
(DBN)

Canada's latest insider trading
(DBN)

Some federal departments may see cuts up to 10%
(DBN)

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China:

The Making of China's epic hard landing
(DBN)

Foxconn Employees Threatened A Mass Suicide Over Pay
(DBN)

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MENA:

Easing the hardship for struggling debtors
(DBN)

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Iceland:

Iceland Hires Ward of Monckton Chambers to Fight Icesave Case
(DBN)

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Japan:

Tepco Said to Seek 2 Trillion Yen in Loans to Stay Solvent
(DBN)

______________

India:

They're sentenced to debt
(DBN)

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Copyright 2011