January 18, 2012

The Daily Bankruptcy News

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Law:

State of the Market – Washington, D.C.
(DBN)

Ropes & Gray loses bid to dismiss $83 mln malpractice suit
(DBN)

Halliwells to be liquidated with BDO appointed to handle process
(DBN)

Urge to Merge Continues: McKenna Long, Herbert Smith Eye New Nuptials
(DBN)

Weil, Kirkland Advise General Growth on Malls Spin-Off
(DBN)

Most Highly Regarded Firms: Banking 2012
(DBN)

Top Insolvency & Restructuring Trio Joins Pillsbury --- Adds New York Bankruptcy Partners from Cadwalader
(DBN)

Fulbright & Names New Bankruptcy Partner
(DBN)

Jobs? Lawyers Don't Need No Stinkin' Jobs
(DBN)

Court Weighs Protections for Lawyers of Cities
(DBN)

Fed’l Judge OKs Suit Over Alleged Cut-and-Paste Work by Ropes & Gray Ex-Partner
(DBN)

SEC-SIPA Suit, Apple-Samsung, Russian Oligarch, TD in Court News
(DBN)

China Sky, JPMorgan, Mortgage Probe, Dow, BofA in Court News
(DBN)

Wild Alleged Love Triangle at Edwards Wildman
(DBN)

"Even the law business is under siege ..." - Fast Company looks at GenFlux
(DBN)

Someday Your Kids Might Say, ‘I Majored in Law’ --- Not Too Much Of A Good Thing, But Too Little
(DBN)

Report: Law Schools Still Stingy with Job-Placement Data
(DBN)

Law School Transparency's 2012 Index Report
(DBN)

ABA Committee Approves New Law School Disclosure Requirements
(DBN)

Penn State Law Students: Now Might Not Be The Best Time To Be Getting Drunk And Calling People ‘Queer’
(DBN)

Former Vanderbilt Law School Manager Is Accused of Embezzling More than $600K
(DBN)

A Federal Court Will Decide Who Owns This Banana
(DBN)

Litigation as Alternate Investment
(DBN)

Schulte Roth Hires Ex-Goldman Lawyer for Regulatory Practice
(DBN)

Captain Held in Fatal Cruise Liner Stunt Argued with Coast Guard About Leaving Ship, Reports Say
(DBN)

'Occupy the Courts' rally stymied in Manhattan
(DBN)

Penn State General Counsel Steps Down, Leaving Scandal Behind
(DBN)

Stunt Woman Turned Lawyer Featured on ‘Say Yes to the Dress’
(DBN)

Six Species of Lawyers Who Give Practice Advice
(DBN)

Nicole Baxter, Doc Review Taskmaster
(DBN)

Judge Tosses Convicted Kidnapper’s Breach of Contract Suit Against His Hostages
(DBN)

Luckily, It Was Unloaded
(DBN)

Mug Shots
(DBN)

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Judges:

Ethics Trial Looms for Suspended Judge re Claimed $130K Shortfall, ‘Excessively Long Lunches’
(DBN)

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Wall Street:

Stock futures rise on Chinese economic growth
(DBN)

Wall Street rises but off highs as Citi sinks
(DBN)

What New York Would Look Like With A Much Smaller Financial Sector
(DBN)

Bank Earnings Could Set Tone, as Markets Watch Europe
(DBN)

Does Wall Street Need Downsizing? --- (Part II)
(DBN)

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Layoffs:

U.S. Unemployment at 8.3% in Mid-January
(DBN)

Kraft to Slash 1,600 Jobs
(DBN)

Northern Trust to cut 700 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Elizabeth Warren Is No Longer Just A Candidate, She's A Cause And She'll Be Almost Impossible To Beat
(DBN)

Mitt Romney admits: I pay 15% tax on $200m personal fortune
(DBN)

Romney Booed for Support for Indefinite Detention
(DBN)

Why Mitt Romney's Tax Rate Matters
(DBN)

Obama Campaign Pounces on Romney Tax Issue
(DBN)

Romney’s Rate Confusion
(DBN)

Mitt Romney's tricky taxes
(DBN)

I Want To Know How Romney Only Paid 15% On $374,000 From Speeches
(DBN)

Possibly the scariest bit of foreign policy ever uttered by a presidential candidate
(DBN)

Congress Returns Amid Historically Low Approval Ratings
(DBN)

Barack Obama asks Betty White to show birth certificate :)
(DBN)

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MF Global:

MF Global Told JP Morgan That Using Customer Funds Was Totally Okay
(DBN)

MF Global Lost $1.5 Million in December, Court Records Show
(DBN)

MF Global Workers Bash Jon Corzine in Paper Mache
(DBN)

Dismay of MF Global clients should spur change
(DBN)

MF Global Owes Elliott $74 Million
(DBN)

KPMG defends efforts on MF Global claims
(DBN)

Warning on returns from MF Global UK
(DBN)

If Only MF Global's Board Had Read This Before They Let Jon Corzine Bet The Firm
(DBN)

Investigators focus on Chicago operations in MF Global probe
(DBN)

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Municipalities:

Detroit teeters on the brink despite autos comeback
(DBN)

Detroit Mayor Dave Bing meets with state review team, expects union deal this month
(DBN)

The Fall Of Detroit…
(DBN)

Christie Quiet on How He ll Cover 10% New Jersey Income-Tax Cut
(DBN)

Pensions: Heads I win, tails you pay
(DBN)

Cow Corpse Embodies Carrion Crisis in Alabama’s Bankrupt Jefferson County
(DBN)

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Shipping:

Shipping Prices Are Falling
(DBN)

Trailer Bridge submits bankruptcy plan
(DBN)

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Fraud:

R. Allen Stanford seeks another trial delay
(DBN)

More arrests in U.S. insider trading probe: source
(DBN)

Judge Rejects Bid by Madoff Trustee to Appeal Ruling
(DBN)

Clawback limit upheld in Mets owners' case
(DBN)

TD Bank Aided Rothstein Fraud, Investors’ Lawyer Tells Jury
(DBN)

Hedge fund CEO gets a year and a day for insider trading
(DBN)

Chandler man Edward Purvis admits huge Ponzi scam
(DBN)

10 States Where Employees Are More Likely to Embezzle And Who They Are
(DBN)

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Photography:

Kodak and the Brutal Difficulty of Transformation
(DBN)

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Aviation:

American Airlines is better off flying solo
(DBN)

Passenger service agents object to Rothschild's fees in AMR bankruptcy
(DBN)

How AMR's 3 Rumored Suitors Stack Up
(DBN)

Court approves list of 'ordinary course of business' professionals that AMR and American Airlines can continue using
(DBN)

Commander hearing again continued
(DBN)

Where Have All the Low-Cost Airlines Gone?
(DBN)

British Airways crew mistakenly announce that jet is going down
(DBN)

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Newspapers:

Lee on track to exit bankruptcy court
(DBN)

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Economy:

Nearly Half of U.S Lives in Household Receiving Government Benefits
(DBN)

Where Has All The Money Gone
(DBN)

Obama to Merge 6 Government Agencies, Cut Jobs
(DBN)

Bush Tax Cuts Made Rich Richer
(DBN)

The debt crisis we're ignoring
(DBN)

22 Signs America Is On The Verge Of A Devastating Global Recession
(DBN)

Millionaires: Tax millionaires more -- just not me
(DBN)

Congress revisiting bruising payroll tax cut fight
(DBN)

Fannie , Freddie charge borrowers for feds' payroll tax cut
(DBN)

A Little Bit Of History For Those Of You Who Think The US Is Doomed
(DBN)

Get Used To Living With Mom And Dad
(DBN)

Obama's Job Panel Pushes for Corporate Tax, Energy Reforms
(DBN)

Campaign Renews Scrutiny of Growing Food-Stamp Program --- White House: ‘Crazy’ for Gingrich to Blame Obama for Food Stamp Use
(DBN)

Slightly More Thriving Than Struggling
(DBN)

Decoding the IMF’s Statement About Its Resources --- Report: IMF Proposes To Boost Lending Facility By $1 Trillion
(DBN)

World Bank Cuts Global Growth Outlook as Europe Threatens Emerging Markets --- Downturn worse than 2008
(DBN)

Americans raid savings, putting recovery at risk
(DBN)

The most hated companies in America
(DBN)

Best Corporate Reputations
(DBN)

Credit Stress Indicators: Little Spillover to US from Europe
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

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

AGs met to talk foreclosure settlement
(DBN)

Chase Accused of Brazen Bankruptcy Fraud
(DBN)

Judge gives foreclosure king the Baum’s rush
(DBN)

Fitch: 'Mild' 2012 recovery for housing
(DBN)

Residential Remodeling Index declines seasonally in November
(DBN)

Fannie Mae Chief Executive Michael J. Williams Stepping Down
(DBN)

Pay cuts coming for new Fannie , Freddie CEOs
(DBN)

Wells Fargo unconcerned with rising FHA mortgage delinquencies
(DBN)

Housing Market's Recovery Still Unclear: Wells CFO
(DBN)

Mortgage Rates for Tuesday, January 17, 2012
(DBN)

A Nightmare Home Appraisal Story That Shows Why The Housing Market Is Still So Messed Up
(DBN)

Obama to Try Better Smoke and Mirrors to Address Housing Market Woes
(DBN)

Time to consider mass mortgage refinancings
(DBN)

DOJ Workshop Finds Mediation a Viable Alternative to Foreclosure
(DBN)

Citigroup expects mortgage delinquencies to rise
(DBN)

Investors push Southern California home sales higher ---Southern California home sales, prices fell in December --- Houston home sales climb 7.2%
(DBN)

Mortgages Get More Expensive
(DBN)

Fannie Fees Fail to Offset Record Low Lending Rates
(DBN)

Mortgage applications surge on refinancing demand
(DBN)

Why the Difference in Home Ownership Rates?
(DBN)

Missed mortgage payments drive consumer credit defaults
(DBN)

New Player Enters for Grubb & Ellis
(DBN)

Renewed Lending Revives CMBS Market
(DBN)

Four Banks Set to Bid for Ex-AIG Mortgage Securities
(DBN)

Deutsche Bank agrees $55 mln settlement with M&T
(DBN)

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Banking:

Citi, JPMorgan Report Lowest Revenue Since '08 --- Two High Level Traders Are Out At Citigroup
(DBN)

Wells Fargo Posts Record Profit, Citing Mortgage Lending
(DBN)

The Simple Explanation Behind The Difference In Citi And Wells Fargo Earnings
(DBN)

New rule requires biggest banks to have break-up plans
(DBN)

FDIC Proposes Rules for Self-Administered Bank Stress Tests
(DBN)

Banks rely on lending as trading profits dip
(DBN)

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Private Equity:

How A PE Firm Can Get Paid Even When A Company It Invests In Goes Bust
(DBN)

Voters May Not Like What They Learn About Bain Capital And Private Equity Firms --- The better question about Bain and KB Toys
(DBN)

Private Equity Firms Just Finished Off A Huge 2011, With Deals Up 40%
(DBN)

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Food Beverage:

Bankruptcy trustee charges ex-owners looted Giordano's
(DBN)

The fate of the Twinkie -- financially, legally, deliciously
(DBN)

Twinkies , the Undead Snack
(DBN)

Hostess Brands, Inc. Wins Approval To Enter Into Dip Financing Agreement with Lending Group Led by Silver Point Finance, LLC
(DBN)

______________

Celebs:

Donald Trump: Still A Miserly Billionaire
(DBN)

OJ Simpson's Miami House Gets Foreclosed On While He Serves Jail Time In Nevada
(DBN)

Celebrities Flock to Yellowstone Club
(DBN)

IRS Drafts News Corp. And Mets To Collect Darryl Strawberry's Tax
(DBN)

______________

Golf:

Trinitas decisions lie ahead
(DBN)

______________

Telecoms:

Nortel board 'sandbagged,' says prosecutor
(DBN)

______________

Mass Torts:

Calif. High Court Rules for Manufacturers in Asbestos Case
(DBN)

______________

Accounting:

Law firm sues PriceWaterhouseCoopers for accounting malpractice
(DBN)

______________

Resorts:

Citizens Development reaches key deal
(DBN)

______________

Oil/Gas:

IEA Cuts 2012 Oil Demand Forecast, Warns of Further Decline
(DBN)

______________

Hedge Funds:

Man Group Steps Up Cost Cuts as Funds Under Management Fall --- Assets Drop 9.5%
(DBN)

______________

Museums:

Examiner hearing set today in slavery museum bankruptcy
(DBN)

Folk Art Museum Is ‘Reasonably Secure’ After $3.5 Million in Contributions
(DBN)

______________

Coal:

Is Patriot Coal Headed For Bankruptcy ?
(DBN)

______________

Credit/Debit Cards:

Credit Card Debt Falls In All 50 States: Report
(DBN)

Have Banks Been Robo-Signing Credit Card Documents Too?
(DBN)

Suze Orman’s conflicts
(DBN)

______________

Religion:

Lawyer: Victims should avoid class actions
(DBN)

______________

Gambling:

World's biggest bingo winner faces bankruptcy just four years after landing jackpot
(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)

______________

Miscellaneous:

Kodak, Hostess, MF Global, Lehman, SP Newsprint
(DBN)

Rochelle on American Airlines, Kodak, Two Casinos
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Rates Shows First Decline Since 2006
(DBN)

2011 Oklahoma bankruptcy filings down
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

Insider Trading May Lead to Disallowance of Bankruptcy Claims and Breach of Fiduciary Duties
(DBN)

______________

Claim Priority:

Intercreditor Agreements: How Far Can They Reach?
(DBN)

______________

Energy:

Dynegy Examiner Wants To Subpoena Lazard, White & Case
(DBN)

______________

Corporate Reform:

In Citi appeal, who will speak for Rakoff?
(DBN)

SEC says Inspector General David Kotz leaving agency --- Quits For Private Investigation Firm
(DBN)

Is the Government's Financial Watchdog All Bark and No Bite?
(DBN)

Ex-SEC attorney saw riches in Ponzi defendant
(DBN)

______________

Retailing:

Sears stock rises on speculation it may go private
(DBN)

Treadmills May Be The Secret To Sears' Turnaround
(DBN)

Retail Workers Are Still Receiving Lousy Treatment [STUDY]
(DBN)

______________

Alternative Energy:

Solyndra's fired staff object to bonus payments
(DBN)

Solyndra fails to garner bids for sale
(DBN)

White House knew of Solyndra's pre-election layoff plans
(DBN)

______________

Autos:

Americans Are Now Keeping Their Cars Longer Than Ever Before
(DBN)

Saab swan song sparks online flurry
(DBN)

Saab owner hopes to survive carmarker's bankruptcy
(DBN)

Saab owner's board members quit in row over funds
(DBN)

______________

Ratings Agencies:

Report: S&P faces further scrutiny on mortgage bond ratings
(DBN)

S&P Gets No Respect in Market After Downgrades
(DBN)

______________

Health Care:

Clarksville hospital a step closer to ending bankruptcy
(DBN)

Study: One in three adults obese
(DBN)

Giffords May Get Better Brain-Injury Care Than Most of Her Constituents
(DBN)

Statins Cost Four Times More in U.S. Than in U.K.
(DBN)

Private Health Insurers Are Being Driven Out Of The Markets, Affecting Millions
(DBN)

Layoffs begin at 7 LSU hospitals
(DBN)

______________

Sovereigns:

U.S. govt. views sought in Argentine debt default case
(DBN)

France signals slow death of sovereign debt market
(DBN)

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Cross-Border:

Canada's Catalyst Paper files for Chapter 15 bankruptcy
(DBN)

Moody's Downgrades Catalyst Paper In Response To Recapitalization Plan
(DBN)

______________

UK:

Creditors could teach insolvency
(DBN)

UK Unemployment Rate Up 8. 4%, The Highest In 17 Years
(DBN)

Appointment of Administrators - 17 January 2012
(DBN)

World economy is walking a tightrope: Credit insurer Euler Hermes’ forecasts for economic growth, country risk and corporate insolvencies
(DBN)

Big Bonuses Not Justified By Share Price
(DBN)

______________

EU:

Unsolvable Insolvency
(DBN)

How “Adjusting for Slippage” Adds to Sovereign Debt Woes
(DBN)

Bank deposits at ECB climb to new record high
(DBN)

The EU Is Taking Legal Action Against Hungary Over New Constitution --- Faces ruin as EU loses patience --- The Political Origins of Hungary's Economic Crisis
(DBN)

Big US Firms Feel Pain from EU Downturn
(DBN)

Debt worries return to pressure euro, shares
(DBN)

Eastern Europe May Need Funding Deal to Avoid Crunch
(DBN)

German Note Yields 6 Basis Points From Record Low Before Auction
(DBN)

Banks Seeking Capital Ideas
(DBN)

______________

PIIGS:

The ISDA decides if Greece has a deal
(DBN)

Fitch Says Greece Will Default, But Believes it Will Be Orderly
(DBN)

Greeks Strike Against Austerity Measures During EU and IMF Visits --- Crucial debt talks to resume in Athens
(DBN)

Greek PM: Creditors may be forced to take losses --- Greece, creditors strive to avoid costly default
(DBN)

Private Sector Debt Deal Can't Help Greece: Analysts
(DBN)

Greece’s endgame looms
(DBN)

The Latest Greek Creditor Negotiations Update: Coercive, Yet Not, At The Same Time
(DBN)

Debt-Riddled Greece Will Lease Acropolis For Commercial Exploitation
(DBN)

Panicked Greeks Hide Cash Under Pools and … Olive Trees
(DBN)

Stiglitz: Austerity Wrong Way to Fight Crisis
(DBN)

How Ireland's Richest Man Went From $6 Billion To -$3.5 Billion --- Now we'll hunt down Quinn's riches - Anglo
(DBN)

Seat warns of special administration if no debt deal
(DBN)

Fitch Could Downgrade Italy by Two Notches
(DBN)

Rome Demands German Help in Refinancing Debt
(DBN)

Portugal moves into default territory
(DBN)

______________

Canada:

IMF Sees A Bubble In The Canadian Housing Market
(DBN)

All Creditors are Equal – But Some Are More Equal Than Others: A Refinement on Distribution of Proceeds of Sale from Canadian Ponzi Schemes
(DBN)

NewPage seeks more time to work on sale
(DBN)

______________

China:

China's Economic Growth Ebbs to Lowest in 2 Years
(DBN)

Deconstructing China's Urban Legend
(DBN)

The Clock Is Ticking On China's Cinderella Story
(DBN)

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New Zealand:

Bank chases $3.3b after tycoon's bankruptcy
(DBN)

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MENA:

Bahrain urged to lift travel bans on expat debtors
(DBN)

______________

Iceland:

Glitnir Priority Creditors to Receive $850 Million, Visir Says
(DBN)

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