January 19, 2012

The Daily Bankruptcy News

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Law:

Death Row Inmate Gets A Second Chance Because Of A Law Firm Error
(DBN)

Ex-Prez of Ohio State Bar Inflated Law Firm Biz Expenses, Gets 1 Year in Federal Tax Case
(DBN)

Freshfields LLPs show £2.5m pay for top earner and audited revenue dip
(DBN)

DLA Piper announces succession plan
(DBN)

Edwards Wildman Taps Proskauer to Fight Claim Managing Partner Put Fling Before Firm's Interests
(DBN)

Am Law Firms Grab Roles on Latest Batch of Insider-Trading Indictments
(DBN)

Judge's Ruling in Malpractice Suit Tied to Starr Ponzi Scheme a Mixed Bag for Winston
(DBN)

So You Want to Make Partner? Expect a Long Wait — and a Sausage Fest Once You Get There
(DBN)

Firm Sues Doe Defendant Over Online Review
(DBN)

Female lawyers leaving big corporate practices
(DBN)

No, average costs in the U.S. for an in-house lawyer are not $125 an hour -- at least 50 percent higher
(DBN)

Hedge Fund Arrests, Goldman, Financial Guaranty, TD Bank in Court News
(DBN)

App Will Let Lawyers Pick Pro Bono Cases
(DBN)

Is Facebook Ruining Your Life?
(DBN)

Law Student Who Made Up Racial Profiling Claim Received His JD
(DBN)

What Law School Transparency Found: Beware institutions under threat
(DBN)

Federal judge denies Duncan Law's request for injunction --- Calls School’s Future Success in Suit Against ABA ‘Unlikely’
(DBN)

Interim Dean Takes the Helm at a Tumultuous Time for the UT Law School
(DBN)

At NYU Law, Using The Same Exam Three Times In A Row Is Apparently Not A Problem
(DBN)

There Is a Law School Lunch Thief Running Wild in Our Midst
(DBN)

Who is Robert Ringley? An Ave Maria Law Classmate Tells All
(DBN)

Only 26% of Law Schools Report Percentage of Grads with Legal Jobs
(DBN)

Law School Transparency: Who’s Naughty and Who’s Nice?
(DBN)

Tuition debt never sleeps
(DBN)

Even Before The Crash, The Captain Of The Costa Concordia Was A Known Daredevil --- Lamest Excuse Ever For Abandoning Ship --- Survivors: Crew 'Didn't Have Clue' --- What It Was Like To Be On The Sinking Costa Concordia --- The Bizarre Behavior of Francesco Schettino --- Italy Probes Captain's Phone Call With Boss
(DBN)
(DBN)

Pair Busted For Flaming T----- Attack
(DBN)

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Judges:

W&L Alumna Appointed Bankruptcy Judge
(DBN)

Judges and Bar Seek More Money for State Courts in Billboard Advertising Campaign
(DBN)

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Wall Street:

Stock index futures lower, results eyed
(DBN)

Stocks close higher
(DBN)

Goldman Sachs posts $1 billion profit --- Beats Street on lower expenses --- War On Plants PAYS OFF
(DBN)

Goldman Faces Backlash on $12.6B in Bonuses --- Losing Image as Legendary Trading Giant
(DBN)

Goldman Sachs Now Paying Employees For A Full Year Of Work
(DBN)

Goldman Sachs Spent More on 2011 Stock Buybacks Than It Earned
(DBN)

Bonus Watch ’12: JPMorgan
(DBN)

Dimon, Blankfein Predict Markets to Rebound
(DBN)

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Layoffs:

BMO Harris Bank to lay off 350
(DBN)

City of Oakland Issues 2,500 Layoff Notices
(DBN)

Factories rev up, but hiring doesn’t
(DBN)

BNY Mellon's profit fell 26 percent; 900 jobs cut
(DBN)

Depot to lay off hundreds of workers
(DBN)

One Jobless Youth Costs $14,000 a Year
(DBN)

About Those Eight Million “Lost” Jobs…
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

PPR Said to Consider Bankruptcy Sale of Redcats' Avenue Chain
(DBN)

Is Barnes & Noble Headed for Bankruptcy ?
(DBN)

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Food/Beverage:

Twinkie bankruptcy not sweet for Williams
(DBN)

Restaurant operator Buffets lands in bankruptcy, again --- Will close 81 restaurants --- 40 Largest Unsecured Creditors
(DBN)

Buffets Restaurants Files Prepackaged Bankruptcy
(DBN)

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Aviation:

AMR's American Airlines Files Notices to Keep 21 Aircraft
(DBN)

AMR Risks Losing Control of Bankruptcy Exit as Suitors Circle
(DBN)

Let's hope talk of American, Delta merger goes nowhere
(DBN)

American Airlines' leaders can't afford to be timid
(DBN)

The World's Longest Flight, in Coach
(DBN)

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Financial Planners:

CFP Board Mulls Changes to Disciplinary Approach on Bankruptcies
(DBN)

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Photography:

Kodak files for Chapter 11 bankruptcy --- Secures $950 mln lifeline --- Sues Apple, Samsung and HTC on the way out --- Photo Finished --- Company's Statement
(DBN)

Petition --- Critical Vendor Motion --- DIP Finance (Exs. 1, 2, 3, 4, 5, 6)--- First Day Affidavit
(DBN)

Kodak Is Reaching Into the Club of Corporate Fix-It Experts --- Kodak Considering a Chief Restructuring Officer
(DBN)

Kodak employees, retirees, shareholders, management all could be bankruptcy losers
(DBN)

Iconic photos trace amazing history of Kodak --- Kodak timeline: 1878 - present
(DBN)

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Baseball:

Steven Cohen wants to buy the Dodgers, but people who worked for him keep getting arrested
(DBN)

Judge OKs mediation in LaGrave Field bankruptcy
(DBN)

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Corporate Reform:

Cordray Answers Advocates' Questions During National Call
(DBN)

The CFPB's Point Men
(DBN)

Payday loans are first target of new consumer protection chief
(DBN)

CFPB Claims to Pierce Privilege in Discovering Confidential Bank and Financial Records
(DBN)

Legal Experts: Obama's Recess Appointments May be Overturned --- GOP looks to limit CFPB, NLRB powers in reaction to ‘recess’ appointments
(DBN)

Richard Cordray: America's New Consumer Cop
(DBN)

CFPB wants to partner with mayors to detect 'predatory lenders'
(DBN)

Cordray: 'Responsible' businesses will welcome consumer watchdog
(DBN)

Citi's FINRA deal: Why 'neither admit nor deny' isn't a problem
(DBN)

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MF Global:

MF Global Commodity Customers Must Be Paid First, CFTC Says
(DBN)

CFTC slams MF's trustee
(DBN)

CME, others form committee to prevent future MF Globals
(DBN)

New Laws Possible In Wake of MF Global's Demise
(DBN)

Jon Corzine v Edith O’ Brien: Let’s Get Ready to Rumble
(DBN)

Sold Out: How A Private Meeting Between Regulators Gave Away MF Global Investor Protections
(DBN)

In MF Global, JPMorgan again at center of a financial failure
(DBN)

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Debt Collection:

Supreme Court Allows Federal Suits for Nuisance Telemarketing
(DBN)

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Economy:

Consumer Credit Defaults on the Rise
(DBN)

Treasury dips into pension funds to avoid debt
(DBN)

House ceremoniously blocks debt ceiling raise
(DBN)

Americans Anti-Big Business, Big Gov't
(DBN)

Half in U.S. Feel Worse Off Financially
(DBN)

Ari Fleischer Says The Wealthy Pay Too Much In Taxes
(DBN)

Harvard business grads express doubt in US economy
(DBN)

Industrial output rises, producer prices fall
(DBN)

IMF seeks up to $500 billion in new funds
(DBN)

World Bank fears Europe's crisis could set off deeper global slump than Lehman
(DBN)

Obama may name Summers to head of the World Bank --- Don’t send Summers to the World Bank
(DBN)

The Alternative To Bain Is Bankruptcies And Bailouts
(DBN)

The United States Economy Through a Private Equity Lens
(DBN)

The Big Winner of the Great Recession Is …
(DBN)

Deleveraging Is Almost Entirely A Myth
(DBN)

What It's Like To Spend The Night In A Homeless Shelter
(DBN)

Congressman Takes Buffett Up On His Offer, Buffett Says He'll Write The Treasury A $49,000 Check
(DBN)

IMF Seeks $600 Billion in New Funds, G20 to Discuss
(DBN)

Why You Should Avoid Companies That Put Their Name On A Stadium
(DBN)

America's lunch hour on the endangered list
(DBN)

Scary Scenario for the Global Economy Still Looms
(DBN)

What the Top 1 % of Earners Majored In
(DBN)

Measuring Wealth by Assets, Not Income
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

U.S. Homebuilder Confidence Climbs to Highest Since 2007 on Buyer Traffic
(DBN)

AIA: Architecture Billings Index increased in December
(DBN)

Brooklyn judge rescinds unfair forbearance deal
(DBN)

Federal-State Meeting Planned to Rally for Foreclosure Accord
(DBN)

Foreclosure Settlement's Value Hinges on California's Participation
(DBN)

Donovan Claims “Imminent” Foreclosure Fraud Settlement, Again --- Settlement "Very Close"
(DBN)

Mass. AG sees foreclosure deal with banks likely
(DBN)

Foreclosure king’s unemployment mill
(DBN)

Congressmen Seek to Subpoena FHFA for Principal Reduction Documents
(DBN)

Delaware's mandatory mortgage mediation program starts
(DBN)

2012: The year of a housing turnaround?
(DBN)

Financial Guaranty Suits Against Ally Moved to U.S. Court
(DBN)

Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs
(DBN)

One million homeowners may get mortgage writedowns
(DBN)

Democrats push to subpoena FHFA over principal reductions
(DBN)

Florida man pleads guilty to $3 million mortgage scheme
(DBN)

Texas congressman latest named in Countrywide VIP probe
(DBN)

As Home Buying Returns, Do Apartments Face a Bubble?
(DBN)

Mortgage Rates for Wednesday, January 18, 2012
(DBN)

30 Year Fixed Mortgages Still at All-time Lows
(DBN)

Home prices dip again in FNC index
(DBN)

Phoenix Housing Rises as Buyers Seek Desert Discount
(DBN)

Carrington, Oaktree partner to buy bulk REO for rental
(DBN)

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Fraud:

Allen Stanford pleads not guilty to 14 counts
(DBN)

Stanford to Testify in Own Defense at Ponzi Trial
(DBN)

Stanford Liquidators Ask Fraud Victims to File Claims for Money
(DBN)

Fate of 7,000 Stanford Ponzi Investors Hangs on Rare SEC Lawsuit
(DBN)

State of Stanford's defense may leave questions
(DBN)

TD Bank ordered to pay $67 million for its role in a $1.2 billion Ponzi scheme
(DBN)

Meet Anthony Chiasson, The Hedge Funder Reportedly Negotiating Arrest With The FBI
(DBN)

Hedge fund boss among those charged in $61M single-trade stock fraud case in NYC
(DBN)

Analyst's arrest puts Cohen's SAC Capital in spotlight again
(DBN)

The 7 People That Were Charged Today In The FBI's Insider Probe
(DBN)

Today’s Insider Trading Arrests Brought To You In Part By A Cooperating Witness Whose Name Starts With The Word “Spy”
(DBN)

Former Prosecutor Carl Brizzi returns $170K he received from Tim Durham
(DBN)

Trustee claims survive battle in Pearlman case
(DBN)

SEC charges BankAtlantic, CEO with fraud
(DBN)

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Autos:

Bain Finally Admitted That They Talked To The Obama Administration About The Auto Bailout
(DBN)

America’s Dirty War Against Manufacturing
(DBN)

Parent company of Saab seeks ways to survive bankruptcy
(DBN)

Swedish Automobile considering Spyker sale
(DBN)

Can Saab still strike a deal with Youngman Lotus to save itself
(DBN)

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Paper:

Catalyst Paper Seeks US Bankruptcy Protection in Delaware --- Receives Initial Court Order For Restructuring
(DBN)

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Museums:

Slavery museum given Feb. deadline to file bankruptcy plan --- Hopes to emerge from bankruptcy able to raise funds again
(DBN)

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Politics:

Elizabeth Warren haul online heavy
(DBN)

Romney loved debt while working at Bain, but hates it as politician
(DBN)

Report: Mitt Romney Has Money Stashed Offshore In Cayman Islands
(DBN)

Newt Ex-Wife Unloads On Camera
(DBN)

Gingrich daughter's teen job may have been illegal
(DBN)

Dems receive more Bain dollars than GOP
(DBN)

PAC Track
(DBN)

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Lehman:

Lehman Trustee Explains Rationale For Prime Brokerage Claims
(DBN)

Dick Fuld Is Just Going To Assume His Invite Was Lost In The Mail
(DBN)

Euro cbanks to book few losses from Lehman collapse
(DBN)

Germany Central Bank To Sell Lehman Loans To Lone Star
(DBN)

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Celebs:

Seeking testimony from Tom Martino's wife
(DBN)

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Mass Torts:

California rejects tertiary asbestos liability in O'Neill v. Crane
(DBN)

BP Seen Agreeing on $20-25 Bln Oil Spill Deal With US
(DBN)

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Defaults:

S&P's tips corporate debt defaults to rise in 'shallow recession'
(DBN)

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Credit/Debit Cards:

Suze Orman, Debit-Card Dealer
(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:

Weil Restructuring Outlook: 2012 Survey
(DBN)

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Bankruptcy Statistics:

Bankruptcy filings ease in Ohio
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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DIP Finance:

Legacy seeks to boost DIP
(DBN)

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Sales:

"Success Fee" Upheld Regardless of Actual Success
(DBN)

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Litigation:

230 Credit Crisis Lawsuits So Far
(DBN)

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Alternative Energy:

Solyndra to Cancel Auction Again After Failing to Lure Bids --- Moves Closer to Scrap Heap
(DBN)

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Health Care:

American Hospitals Are Spending Billions To Accommodate Oversized Patients
(DBN)

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Advisors:

Kodak Is Reaching Into the Club of Corporate Fix-It Experts
(DBN)

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Consumer Finance:

CFPB Hearing Will Probe Payday Loan Industry
(DBN)

Payday lenders point fingers to blunt crackdown
(DBN)

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Municipalities:

Oversight lax for Pennsylvania incinerator: audit --- Harrisburg Missed Red Flags
(DBN)

Forensic audit: Harrisburg and other guarantors of city debt received significant fees
(DBN)

Harrisburg Officials Ignored Incinerator Debt Risks, Forensic Audit Says
(DBN)

Why Buffalo Pays for Teachers to Get Botox
(DBN)

Automakers are flush, but Detroit is broke
(DBN)

The states hemorrhaging red ink
(DBN)

Cities to see job gains, but many struggle
(DBN)

Bankruptcy Imperils Sewer Debt's 20-Year Win Streak
(DBN)

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Retailing:

Wall Street's Wary of Best Buy's Battle to Remain Relevant
(DBN)

Pumpkin Patch faces $32mln costs on failing UK retail unit
(DBN)

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Banking:

Bank of America Rebounds to Post Profit; Shares Surge
(DBN)

Morgan Stanley swings to a loss
(DBN)

Feeconomics
(DBN)

Citi Reports 2nd Straight 70% Drop in Trades
(DBN)

This Paragraph Pretty Much Sums Up What's Wrong With Bank Of America Right Now
(DBN)

Big Banks' Overdraft Fee Hikes Backfired To The Tune Of $3.6 Billion
(DBN)

Why it's time to break up the 'too big to fail' banks
(DBN)

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Advisors:

Kodak, Twinkies and Greece Call in Lazard
(DBN)

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IP:

SOPA, PIPA, and Us
(DBN)

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Baseball:

Mets Owners Can Look Forward to Trial During Spring Training
(DBN)

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Corporate Governance:

Governance Challenges and Priorities for 2012
(DBN)

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UK:

More companies face financial meltdown, report warns --- Firms on 'critical list' double
(DBN)

Essar Energy could 'default' on debt restructure
(DBN)

Peacocks falls into administration, putting 9,600 jobs at risk
(DBN)

Squire Sanders takes Barratts and Past Times administration double
(DBN)

Insolvency reform - don't cut out the courts
(DBN)

Fewer UK property businesses went bust in 2011
(DBN)

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EU:

Germany Lowers 2012 Growth Forecast --- Says will avoid recession despite grim winter
(DBN)

Hungary risks bankruptcy in EU treaty fight
(DBN)

Economist: Worst of Euro Crisis Behind Us
(DBN)

Juncker: Eurozone Is On The Verge Of Recession
(DBN)

Japan would consider supporting IMF on Europe
(DBN)

ECB Says Banks' Overnight Deposits Plunged From Record High
(DBN)

Fitch sees 1-2 notch downgrade for some euro states
(DBN)

European Company Default Rate to Increase in 2012, S&P Says
(DBN)

Europe is setting the stage for the mother of all black swans
(DBN)

Europe's Largest Retailer Announces Disappointing Fourth Quarter Sales
(DBN)

Spain Passes Key Bond Test, France Also in Demand
(DBN)

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PIIGS:

Will Greece Default on March 20 ? --- What happens if Greece defaults? --- Investors Facing Up to Reality of Greek Debt Default --- Greek default possible without market mayhem
(DBN)

All terms on table as Greek debt talks resume: official --- Haircut Deal Back On As Negotiations Resume --- 'Very close' to deal with private creditors --- Questions and answers on the bond swap deal --- Eurozone won't add cash if bond talks fail
(DBN)

Greece Running Out of Time as Debt Talks Stumble --- This time, the Greek negotiations have to succeed --- 'Little progress' in talks to slash Greek's debts --- New round of debt restructuring talks begins
(DBN)

The Hedge Funds Threatening to Blow Up Greece --- Vulture Funds Profit From Misery --- Hedge funds considering legal action
(DBN)

Markets Start Predicting Greek Success Following Papademos Statement --- Fitch: Debt Swap Deal Would Still Cause Greece to Default --- Looks More And More Like A Collapsed Society
(DBN)

Greece faces rise in homeless rate
(DBN)

Sean Quinn's wife and children could face bankruptcy hearing
(DBN)

ie: Bill will cut bankruptcy term for debtors to five years or less
(DBN)

Portugal union vows strife as reform pact sealed
(DBN)

A Policy Bombshell To End The Crisis?
(DBN)

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Germany:

German firm buys insolvent printing-press maker Manroland
(DBN)

Commerzbank Shortfall 'Bigger Than First Thought'
(DBN)

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Canada:

Cape Breton mill gets creditor protection extended as it tries to finalize sale
(DBN)

Bankruptcy specialist to monitor NewPage sale
(DBN)

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Japan:

Tepco Loans Hinge on Repayment Ability, Bank Lobby Says
(DBN)

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Iceland:

Why Iceland Is Seeing A Really Quick Recovery
(DBN)

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Copyright 2011