January 13, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Dechert’s Bonus Is Contingent On Something That Sure Sounds Like Billable Hours
(DBN)

Is the Legal Recession Finally Ending?
(DBN)

Greenberg Glusker Adds Bankruptcy Partners
(DBN)

Justice Releases Legal Memos Backing Obama Appointments --- DOJ Memo: Lawfulness of Recess Appointments During a Recess of the Senate Notwithstanding Periodic Pro Forma Sessions
(DBN)

Raj Prosecutor Streeter Heads to Private Sector, Lands at Dechert --- It’s Recess Time – Bring in the Lawyers
(DBN)

R. Allen Stanford’s Houston criminal-defense attorneys want to withdraw from the case
(DBN)

Baker’s San Diego Outpost Continues to Shrink; Is Office Closing a Possibility?
(DBN)

Boutique Hit with Malpractice Verdict Loses 19 Lawyers; Closing Is Imminent, Ex-MP Says
(DBN)

After Rajaratnam, Improving Compliance for Expert Research Networks
(DBN)

SmallLaw: Crisis of Faith
(DBN)

The Flori-duh Version of Charity Towards The Homeless
(DBN)

Wynn Resorts, Omnicare, S&P, BofA, Goldman in Court News
(DBN)

News Corp., Samsung, Terra Firma, Lilly, Barclays in Court News
(DBN)

Are you ready to scale that peak in 2012?
(DBN)

In Former Dechert Associate's Bias Suit, Judge Tosses Disability Claim
(DBN)

Study Shows Students Happy With Law School Experience, but With Caveats
(DBN)

Things to Consider Before Going In-House
(DBN)

Federal Judge Delays Racketeering Trial of NJ Lawyer, Says Prosecutors Mischaracterized Court
(DBN)

DiDonato v. Ung: The Sequel
(DBN)

Cops Bust Dad Over Burnt Biscuit Rage
(DBN)

Former Court Clerk Gets 10 Years for Stealing $500K from Ticket and Fine Payments
(DBN)

Once a Top Prosecutor and Colo. Defense Attorney, Ex-Lawyer Awaits Arraignment in Federal Fraud Case
(DBN)

Fight erupts at DLA Piper Christmas celebration
(DBN)

Judge Spanks Former Kasowitz Lawyer
(DBN)

Calif. Labor Commissioner Sues Law Firm, Says It Fired Receptionist Called for Jury Duty
(DBN)

Feds Release Photos Of 12 Amish Defendants Indicted For Cutting Beards, Hair Of Religious Foes
(DBN)

‘Grandma Got Run Over’ Copyright Fight To Continue Into Spring
(DBN)

The DWI Queen Of East Texas
(DBN)

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Judges:

Three Bankruptcy Judges Sought In 7th Circuit
(DBN)

Are Solo Dissents in Vogue at the Supreme Court?
(DBN)

Justice Stevens Grades His Predecessor
(DBN)

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Wall Street:

US Stock Futures Signal Weak Wall Street Open
(DBN)

Concerns about US economy erase early gains driven by strong European bond sales --- Stocks finish higher after late-day recovery
(DBN)

Goldman Lost 50 Partners Last Year
(DBN)

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Layoffs:

Unemployment Benefit Applications Jump to 399,000 --- How states fared on unemployment aid applications
(DBN)

America’s incredible shrinking labor force
(DBN)

Novartis to Cut 1,960 Jobs, Take Charges on Diovan, Tekturna
(DBN)

RBS to Lose 5,500 Investment Bank Jobs as It Exits Mergers, Cash Equities
(DBN)

Hundreds to lose jobs in Food Lion cuts
(DBN)

Job cuts reach Asia as global banks restructure
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retail Sales in U.S. Increase Less Than Forecast
(DBN)

Holiday sales fa-la-la-la from boffo
(DBN)

Tears for Sears: American icon in trouble
(DBN)

Sears shares fall after financer halts supplier loans --- Another headache for Sears --- Fitch: Liquidity Under More Pressure After CIT Pullback --- Expect Sears to Lose More Financing Than Just CIT
(DBN)

Sears Chairman Buys Shares , but His Reason Is Unclear
(DBN)

Miami marina retailer B&F Marine exiting bankruptcy
(DBN)

More Blockbuster Stores to Close
(DBN)

Boscov's CFO says LBO possible
(DBN)

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Derivatives:

Americans Clueless Paying Wall Street $20 Billion for Bad Swaps
(DBN)

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Banking:

JPMorgan set to launch another disappointing bank earnings season
(DBN)

Bank of America mulling retreat if financial problems worsen
(DBN)

Regions third in US for distressed asset sales
(DBN)

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Food/Beverage:

Food Lion's owner closing 126 stores
(DBN)

Wear 'Em, Chuck 'Em, Float 'Em: 10 Things To Do With Twinkies
(DBN)

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Forest Products:

Sino-Forest Says Bondholders Agree to Waiver on Default, Cutting Bankruptcy Risk
(DBN)

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Toll Roads:

Toll-Road Woes Show Risk of U.S. Loans Lawmakers Aim to Expand
(DBN)

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Municipalities:

Judge sets hearing on JeffCo contracts
(DBN)

JeffCo deal breaker will cost dearly
(DBN)

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Utilities:

Doak’s Application to Be Southern Montana Lawyer Withdrawn
(DBN)

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Economy:

December budget deficit widens from year ago
(DBN)

Jobless Claims in US Rose More Than Forecast
(DBN)

Obama Starts Clock for Congress on Raising Federal Debt Ceiling
(DBN)

Fed's Image Damaged by New Documents
(DBN)

Retail Sales in U.S. Rose 0.1% in December, Less Than Forecast
(DBN)

Bernanke Was Hoping For Soft Landing In '06, Didn't Get It
(DBN)

U.S. Chamber's Donohue Sees 2012 Growth Averaging Less Than 3%
(DBN)

Lackluster End to 2011 Raises Worries About First Quarter
(DBN)

White House’s Krueger Warns of Shrinking Middle Class
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Home Seizures May Jump 25% This Year as U.S. Foreclosures Resume
(DBN)

Moody's warns of jumbo mortgage strategic defaults
(DBN)

Transcripts show Fed wanted housing slowdown
(DBN)

NY Judge Nixes Bank’s Foreclosure Judgment Because Process Server Didn’t Keep Records
(DBN)

David J. Stern Scores a Rare Victory!
(DBN)

California man pleads guilty in $19 million mortgage scheme
(DBN)

More Detroit Foreclosures Expected
(DBN)

Mortgage rates fall to new lows --- Rates for the past 52 weeks, at a glance
(DBN)

MI: Holland developer Scott Bosgraaf files for bankruptcy for Baker Lofts, but 'we aren't ready to throw in the towel'
(DBN)

Boca Raton developer Fredric Newman files Chapter 11
(DBN)

Still Plenty of Room for House Prices to Fall Globally, IMF Economist Says
(DBN)

CRE portfolio managers see market turnaround in 2012
(DBN)

FICO warns mortgage, student loan delinquencies may rise
(DBN)

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Celebs:

Bankruptcy filing for 'Jerry Maguire' sports agent
(DBN)

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Politics:

Warren got nearly $430,000 teaching at Harvard --- Strong Personal Wealth
(DBN)

Warren addresses negative ad campaigns
(DBN)

Mitt Romney steps up defense of Bain Capital tenure --- Gingrich's 'Bain bomb' fizzles --- Romney Free-Enterprise 'Trial' Aligns GOP With Obama --- Four Pinocchios for 'King of Bain'
(DBN)

Romney No Stranger to Tax Breaks, Subsidies
(DBN)

Big business to Gingrich, Perry: Zip it
(DBN)

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Private Equity:

How capitalism kills companies
(DBN)

The Truth About Private Equity: Politicians Need It, Taxpayers Fund It
(DBN)

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Aviation:

PBGC Attacks AMR Over Pensions --- PGBC director to American Airlines: Keep your pension commitments
(DBN)

NMB tells American, unions that it still has jurisdiction during bankruptcy --- What the NMB told American Eagle unions
(DBN)

American Airlines Updates Employees on Bankruptcy Plan
(DBN)

U.S. Pension Agency Says AMR Plan Close Would Add to Deficit --- PBGC asks court to order AMR to produce documents, testimony
(DBN)

Flight attendants union and PBGC urge American to keep pensions
(DBN)

AMR's American Files With Court to Retain 85 Boeing Aircraft
(DBN)

Delta, TPG Separately Assess Bids for American Airlines --- US Airways Said to Hire Advisers to Help Weigh Possible Bid --- Potential suitors circle --- AMR as ‘Last Plum’ Stirs Merger Interest After Airline Ranks Cut --- Q&A: Do Airline Mergers Ever Work? --- Bid Rumors Divert Attention From AMR Fleet Decision
(DBN)

Business Travel Picking Up
(DBN)

Airport's 'aggressive actions' forced company's bankruptcy filing, attorney says
(DBN)

______________

Radio:

Rabobank Balks At Peak's Attempt To Speed Through Chapter 11
(DBN)

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Autos:

Saab: the end of the road
(DBN)

Bank moves to seize Saabs at port
(DBN)

Only Ford Got Federal Loans for Retooling
(DBN)

GM Could Launch Retiree Pension Buyout
(DBN)
s

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Health Care:

New bidder for Victorville hospital
(DBN)

Hospital managed by Prime draws potential buyer
(DBN)

Are Americans Getting Healthier?
(DBN)

______________

Alternative Energy:

Bankruptcy solar manufacturer Solyndra seeks court approval of employee bonuses
(DBN)

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Trucking:

Judge approves Summitt Trucking Chapter 11 reorganization plan
(DBN)

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Religion:

Archdiocese's strategy might disqualify abuse victims
(DBN)

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Education:

The Value Gap
(DBN)

______________

Accounting:

Ex-BDO Partner Didn't Realize You Were Asking About *That* $49350
(DBN)

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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
(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:

The Bankruptcy Files: Twinkies, Bad Banks, and Belly-Up Law Firms
(DBN)

Rochelle on Hostess, Dodgers, Buffets, MF Global
(DBN)

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Bankruptcy Statistics:

Dayton-area bankruptcies down 20% last year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

The Stern Files
(DBN)

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Litigation:

Recovering E-Discovery Costs: A Potential Trend
(DBN)

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Consumer Bankruptcy:

Judge cites bankruptcy preparer for contempt
(DBN)

______________

Insurance:

Bank plaintiffs ask NY to review MBIA's finances
(DBN)

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Pensions:

Inspector General Faults PBGC's "Systemic" Failures
(DBN)

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Photography:

Kodak is Still On the Ropes: Moody's --- Moody's cuts Kodak no slack
(DBN)

Kodak Retirees Worry Amid Bankruptcy Talk
(DBN)

Kodak Said to Hold Talks With Citigroup on Bankruptcy Financing
(DBN)

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Bankruptcy Crimes:

Golf course developer gets jail time for fraud
(DBN)

Cincinnati Real Estate Developer Sentenced for Bankruptcy Fraud
(DBN)

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Fraud:

Hedge Fund CEO Gets 1 Year & 1 Day In Prison For Insider Trading Scheme
(DBN)

______________

MF Global:

MF Global Has Distributed $3.8 Billion to Date, Trustee Says
(DBN)

MF Global general estate may not cover customers --- Trustee warns of payout shortfall
(DBN)

MF Global general estate may not cover customers
(DBN)

Bloomberg Suffers, Too, in Collapse of MF Global
(DBN - NY Times - Paywall Limit Possible)

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Corporate Reform:

CEOs urge court to throw out SEC-Citigroup ruling
(DBN)

When Wall Street Sins, SEC Needs to Extract Confessions
(DBN)

The SEC Stands by a Controversial Phrase --- The SEC's New Settlement Language
(DBN)

Silicon Valley calls the help desk on Volcker rule
(DBN)

Cordray Says CFPB Will Protect Businesses, Not Just Consumers
(DBN)

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

______________

Claim Priority:

Intercreditor Agreements Face Bankruptcy Court Scrutiny
(DBN)

______________

UK:

Why business bankruptcy need not be all doom and gloom
(DBN)

______________

EU:

Italian, Spanish Bonds Advance After Auctions; German Bunds Fall
(DBN)

Euro Gains as Debt Concern Eases While Stocks in US Fluctuate
(DBN)

ECB sees "substantial" effect from cheap loan offer
(DBN)

Draghi Pauses Interest-Rate Cuts Amid Signs Economic Slowdown Is Abating --- Hails 'tentative' stabilization
(DBN)

Eurozone has likely descended back into recession, says BofA ML
(DBN)

RBS Securities Capitulation a Blueprint for Banks in Europe
(DBN)

Hungary, lenders still far from starting aid talks --- Hungary Bonds Drop Most in Week as IMF Demands 'Tangible Steps'
(DBN)

Eurozone Crisis: Thanks To Globalization, We Really Are All In It Together
(DBN)

______________

PIIGS:

Italy 3-year debt costs fall at bond auction
(DBN)

Euro Heads for Weekly Gain as Italy Bonds Rise
(DBN)

Greece holds new talks on bond swap
(DBN)

IIF: Time running short for PSI deal --- Key Issues Unresolved on Greek Debt Swap
(DBN)

Hedge funds prepare to cash in on Greek deal
(DBN)

Zimbabwe-style inflation if Greece exits euro
(DBN)

Greek jobless rate climbs to 18.2 percent
(DBN)

Golden Mediterranean pensions fade as austerity bites
(DBN)

Suicides On The Rise In Greece
(DBN)

ie: Jump in receiverships and bankruptcies expected
(DBN)

Drumm fails in bid to have bankruptcy challenge dismissed --- Drumm trial to proceed as bankruptcy bid thrown out
(DBN)

Ireland's Enda Kenny 'Absolutely' Rules Out Second Bailout
(DBN)

______________

Germany:

Germany's revised bankruptcy code
(DBN)

______________

Indonesia:

Arpeni Insolvency to Be Decided in Indonesia, U.S. Court Rules
(DBN)

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