January 23, 2012

The Daily Bankruptcy News

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Law:

In Buyer’s Market for Clients, More Law Firms Face Choice: Merge or Die
(DBN)

Law Firm Mergers Abound Overseas
(DBN)

Bankruptcy lawyer ordered to report himself to disciplinary board
(DBN)

Lawyers accused of trashing bankruptcy judge with anti-Catholic slurs appeal $5,000 fines
(DBN)

Akin, Gump Says Movie Producer Owes It
(DBN)

MegaUpload Hires Bennett --- Megaupload loses Bennett
(DBN)

More major law firms assess plans to join 'Tesco law' revolution
(DBN)

Freshfields recruits first-ever COO for US operations
(DBN)

Judge Tosses Suit by Associate Claiming He Was Fired for Rejecting Firm's Unethical Demand
(DBN)

Law School Applications for Fall 2012 Drop More than 15 Percent
(DBN)

You Can Transfer the Student into Stanford, But You Can’t Transfer the Stanford into the Student
(DBN)

Illinois 2L Is Kicked-Off the Bachelor and Pranked By Classmates
(DBN)

I’d Rather Be Flipping Burgers
(DBN)

The Law School Quandary
(DBN)

Law School Transparency: The Big Short
(DBN)

Tuition, loans, and loan reform
(DBN)

Partner secures £25,000 phone-hacking payout
(DBN)

The Doc Review Grinch
(DBN)

Why Leave the Kitchen?
(DBN)

RBS, BP, JPMorgan, Cantor Fitzgerald, J&J in Court News
(DBN)

Insider Trading, Goldman, Carlyle, Ally, TD in Court News
(DBN)

JPMorgan, Rajat Gupta, Apple, Merrill, UBS, Boeing in Court News
(DBN)

This App Will Automatically Kill Your Pointless, Expensive Meetings
(DBN)

Review: ExhibitView for iPad
(DBN)

When the Last Thing You Want to Do Is the First Thing You Ought to Do
(DBN)

Embrace Editing Techniques to Improve Briefs
(DBN)

Beyond the ‘Small Law Firm’ Stereotype
(DBN)

Soft Skill Strategies That Aren’t Too Hard
(DBN)

Make jobs more family friendly
(DBN)

Appeals Court Won't Block Ecuadoreans' $18B Chevron Win
(DBN)

Disbarred NY Lawyer, 82, Gets 45 Days for Hiding $26M in Swiss Bank
(DBN)

Federal Prosecutor Will Take the Fifth in Congressional Fast and Furious Probe
(DBN)

Bankruptcy Team Continues to Grow at Flaster/Greenberg
(DBN)

Seattle Battles Its Own Attorney
(DBN)

The Legal Fight Over Karaoke is Getting Loud
(DBN)

A Very Strange Condition For Granting Bail
(DBN)

Ex-DA Kratz fights suspension of law license
(DBN)

Former DA sentenced to one year in prison and four years of SO probation
(DBN)

Dallas attorney pleads guilty to murdering his former law partner's ex-wife
(DBN)

Alienation Of Affections: Attorney v. Mother-In-Law
(DBN)

Man Attacks Parents When Told to Get a Job
(DBN)

Former Law Firm Partner Gets Prison Sentence for Kidnapping Hoax
(DBN)

Costa Concordia owners offer disaster survivors 30% discount off future cruises
(DBN)

No bail for lawyer accused of stealing client funds and fleeing to Hong Kong
(DBN)

Say What?!
(DBN)

Expectation of Privacy?
(DBN)

______________

Judges:

One mad bankruptcy judge moves creditor disputes back to NY
(DBN)

The Puppets’ Court
(DBN)

Ex-Justice John Paul Stevens Chats with Stephen Colbert About His Citizens United Dissent
(DBN)

Judge Posner and the Use of Photographs in Judicial Opinions
(DBN)

Ouch! Judge Posner eviscerates both a damages expert and the trial judge who let him testify
(DBN)

New York City accuses Brooklyn judge of bias
(DBN)

Scalia and Thomas: Who Cares If Your Lawyer Abandons You on Death Row?
(DBN)

GA judge orders Obama to appear at hearing
(DBN)

______________

Wall Street:

US Stock Futures Pare Declines on Greek Talks
(DBN)

Greek debt uncertainty checks share rally
(DBN)

How the Dow Jones industrial average and other major stock indexes fared on Friday --- Stocks, euro rally fizzle on Greece --- Best week since Christmas
(DBN)

A Raucous Hazing at a Wall St. Fraternity
(DBN - NY Times - Paywall Limit Possible)

Yet Another Senior Goldman Partner Is Shown The Door
(DBN)

______________

Layoffs:

Meet Paul Pittman, Mr. US Economy
(DBN)

Crazy Stunts People Have Pulled Off Trying To Get Hired
(DBN)

Fewer US Companies Plan to Boost Hiring in 2012, Survey Shows
(DBN)

Jobless should remember unemployment benefits are taxable
(DBN)

25 top-paying companies
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Jury selection for Allen Stanford trial to begin --- Trial set to begin Monday --- Broke, sick and lonely, Allen Stanford heads to court --- Prison beating clouds trial --- Indigent Ex-Billionaire Claiming Memory Loss --- In the Madoff mold?
(DBN)

Bankruptcy trustee in Durham case files suit to recover money --- Sues Durham's mother for $831,000
(DBN)

Brace yourself for 2nd Scott Rothstein deposition
(DBN)

New victims of the Rothstein Ponzi scheme
(DBN)

U.S. courts push back on bribery prosecutions
(DBN)

Key US insider-trading witness avoids prison time
(DBN)

At NY civil trial, Mets hope to shed Madoff taint
(DBN)

______________

Mail:

Postage Stamp Goes Up Another Penny
(DBN)

______________

Protests:

Bankruptcy Court Gets Occupied
(DBN)

Wells Fargo HQ Protesters Arrested
(DBN)

Pittsburgh bank: We let ‘Occupy’ use park because we were ‘frightened’
(DBN)

______________

Baseball:

Dodgers File Plan to Exit Bankruptcy After Team's Auction Sale
(DBN)

Dodgers' debt is $573 million, according to court filing
(DBN)

Dodgers Sale May Yield Record Price, Future Headaches for MLB
(DBN)

Timeline: From Brooklyn to LA: the Dodgers' story
(DBN)

The Los Angeles Dodgers' scramble begins
(DBN)

Fans of Dodgers want pride along with a buyer
(DBN)

A silver lining for Frank McCourt?
(DBN)

LA judge signs off on McCourt divorce agreement involving $131M payment
(DBN)

______________

Compensation:

A Peep Of Jamie Dimon's Compensation Package For 2011 Has Been Revealed
(DBN)

______________

Municipalities:

Sewer receiver and creditors to appeal judge's ruling
(DBN)

Jefferson County sewer receiver no longer on payroll
(DBN)

Houston Astros Owner Mucked Up in JeffCo Bankruptcy --- The pain for Crane is mainly down the drain
(DBN)

A new treasurer works to save Harrisburg --- City with $317m debt and warring officials elects college student, 23, to sort out financial woes
(DBN)

Most Stressful Cities
(DBN)

This Quiet American City Has The Highest Per-Capita GDP In The World
(DBN)

______________

Health Care:

Medical debt puts more at risk
(DBN)

Bucks hospital out of bankruptcy
(DBN)

States Streamline Medicaid Using U.S. Funds to Cut Costs
(DBN)

50 Million Americans Still Don't Have Health Insurance Due To Delays In Implementing Health Reform
(DBN)

______________

Resorts:

Transwest debt proved insurmountable
(DBN)

______________

Economy:

Bernanke near inflation target prize, but jobs a concern
(DBN)

Roubini: What Really Lies Ahead
(DBN)

Markets Split on Fed Easing But Upbeat on Economy
(DBN)

Forecasters See Small Pickup in Growth for 2012
(DBN)

Why America is recovering from the debt bust faster than Europe
(DBN)

Fed Inflation-Unemployment Mandate Shows Bernanke's Model Better in Crisis
(DBN)

A Mess on the Ladder of Success
(DBN)

Davos elites to seek reforms of 'outdated' capitalism
(DBN)

State of the Union speech to stress 'fair shot' for all
(DBN)

The Dangerous Notion That Debt Doesn't Matter --- $1 Million Dollar Prize!
(DBN)

US Executives See Their Glasses as Half Full
(DBN)

How a Deficit in Capitalism Helped Engender the Financial Crisis
(DBN)

Some Americans Prepare for Collapse
(DBN)

Judge throws Paulson book at GE
(DBN)

Poll: U.S. Economy Most Toxic of 24 Issues
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Moody's: CMBS delinquency rate higher than 9% through 2011
(DBN)

Kick ’Em When They’re Down
(DBN)

Foreclosures: America's hardest hit neighborhoods
(DBN)

Top Justice officials connected to mortgage banks
(DBN)

GE lending unit said to be probe target
(DBN)

JPMorgan Chase's Mortgage Banking Default Executive Has Left The Bank
(DBN)

Federal district court remands Morgan Stanley MBS suit to Ohio state court
(DBN)

This Could Be The Mortgage Lawsuit That Blows Up In JPMorgan's Face
(DBN)

Former Chicago Lawyer Sentenced to 15 Years in Prison for Mortgage/Bankruptcy Fraud
(DBN)

Florida home, condo sales rise for third year as prices fall
(DBN)

Illinois home sales leap another 14% in December
(DBN)

Existing home sales rise 5% in December
(DBN)

Credit Suisse, Ex-Owners Resume Sparring Over Lake Las Vegas
(DBN)

Judge approves TH Properties' long-awaited reorganization plan
(DBN)

Mortgage Store owners agree to pay $6 million
(DBN)

_____________

Lehman:

Lehman Pays Over $500 Million to Marsal Firm
(DBN)

______________

Mass Torts:

Secrecy of asbestos trusts the topic of policy debate
(DBN)

Gulf Oil Spill Could Bring Up to $20B in Fines --- BP, Anadarko Should Be Held Liable Before Trial, U.S. Says
(DBN)

______________

Photography:

Is Kodak kaput?
(DBN)

Kodak's demise: Self-inflicted wounds? --- Is this marketing boob at the root of why Kodak finally failed? --- Bankruptcy dims once bright Hollywood star
(DBN)

Rochester, Kodak forever linked in world's eyes
(DBN)

Reflections On Kodak And The 'Bankruptcy Trade'
(DBN)

Investment firms reach out to Kodak workers, past and present
(DBN)

Kodak gets a year to reorganize --- A chance for real change
(DBN)

Corporate jets among Kodak casualties
(DBN)

Key issue for Kodak: Future of business park
(DBN)

Lessons for Retirees From Kodak's Bankruptcy --- How Kodak bankruptcy affects workers, customers, retirees
(DBN)

Kodak stock trades over the counter; court grants OKs
(DBN)

Kodak's negatives should push legacy business to develop
(DBN)

Kodak's Sad Decline And Why RIM, Sears May Turn Around
(DBN)

The Latest Moment of Kodak Hubris
(DBN)

CEO Antonio Perez needs to explain plans for new Kodak
(DBN)

Kodak pulling back on corporate philanthropy
(DBN)

As Kodak falters, Xerox moves forward
(DBN)

Snapshot of a Creative Destruction
(DBN)

The Son of a 'Kodak Man' Remembers the Good Times and Bad
(DBN)

Kodak Europe 'unaffected' during US bankruptcy proceedings
(DBN)

______________

Politics:

Brown, Warren going back and forth on deal
(DBN)

3rd-party ads won't go away
(DBN)

Obama State of Union Sets Table for Campaign Against ‘Do-Nothing’ Congress
(DBN)

Newt Takes South Carolina --- Means Grueling GOP Fight
(DBN)

Mitt Romney Will Release Some Of His Tax Records --- Why Does Mitt Have Money in the Caymans?
(DBN)

Upset poses new tests for Romney
(DBN)

Romney Links Housing Bust, Gingrich Consulting Work
(DBN)

Obama Averages 44% Approval in 3rd Year
(DBN)

The 10 Richest US Presidential Candidates In Recent History
(DBN)

Housing values down steeply in 2012 battleground states
(DBN)

______________

Private Equity:

In a Romney Believer , Private Equity's Risks and Rewards
(DBN)

This Leaked Email From Bain & Company Tells 1st Years How To Deal With Its Current Image Issues
(DBN)

New Study Examines Bankruptcy and Recovery Among Private Equity-Backed Firms
(DBN)

Mitt Romney and targeting PE
(DBN)

______________

Corporate Reform:

Richard Cordray "Wants To Hear Your Story"
(DBN)

______________

Book Reviews:

Reckless Endangerment: A Wall Street-Washington Incestuous Legacy
(DBN)

______________

Autos:

17 Facts About The Stunning Decline Of The US Auto Industry
(DBN)

Rick Santorum: We Should Have Let The U.S. Auto Industry 'Melt Down'
(DBN)

Saab administrator: 'the patient is dead'
(DBN)

______________

MF Global:

The MF Global affiliate dance
(DBN)

No silver bullet to avert another MF Global : regulator
(DBN)

MF Global customers can't demand priority payments, judge says
(DBN)

Collapse of MF Global raises question over futures model
(DBN)

Corzine Sued for RICO Violation by MF Global Customers
(DBN)

FSA calls for MF Global client money to be returned
(DBN)

Suspicious Handling of MF Global Documents Before Bond Offering Questioned
(DBN)

CME says MF Global money still missing, wrongdoing suspected
(DBN)

More Evidence that JP Morgan Stuck the Knife in MF Global
(DBN)

______________

Retailing:

Syms, Filene's Win Approval of Retention Bonus Program
(DBN)

______________

Non-Profits:

'Canary in the coal mine': Hull House will file for bankruptcy
(DBN)

______________

Education:

For-Profit Colleges Targeted for Law Protecting Veterans
(DBN)

______________

Alternative Energy:

Solyndra: Can't sell it? Smash it! --- Caught destroying parts worth millions --- Congressman irked
(DBN)

House Republicans press Obama to oppose Solyndra bonuses
(DBN)

Why the Clean Tech Boom Went Bust
(DBN)

Romney Hits Obama on Solyndra , But Bain Got Government Subsidies, Too
(DBN)

Factchecking Obama's Green Jobs Ad
(DBN)

______________

Boating:

Fountain Powerboats seeks Ch. 11 again
(DBN)

______________

Auto Racing:

Chapter 11 Reorganization Plan Accepted By Bankruptcy Court In Waterford Speedbowl Case
(DBN)

______________

Gambling:

Suffolk OTB bailout in the works
(DBN)

______________

New Bankruptcy Opinions
(6 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:

Hostess, Kodak, AES Eastern, Lehman, QualTeq: Bankruptcy
(DBN)

The Year in Bankruptcy: 2011
(DBN)

Rochelle on Eastman Kodak, Hostess Brands Bankruptcies
(DBN)

______________

Bankruptcy Statistics:

Racial bias suggested in bankruptcy --- NACBA Outlines Initiatives Planned on Ethnicity, Bankruptcy Filings --- How to Address Apparent Racial Disparity in the Consumer Bankruptcy System --- Race and Chapter 13 --- The Study: Race, Attorney Influence, and Bankruptcy Chapter Choice
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims:

ADA claim during bankruptcy must be honored
(DBN)

______________

Professional Fees:

Time for a Fresh Approach to Bankruptcy Fees
(DBN)

_____________

Post-Confirmation:

Liquidating trusts: a discussion of SEC reporting and registration requirements
(DBN)

______________

Avoidance Actions:

Anadarko, Kerr-McGee Can’t Limit $15.5 Billion Claim in Lawsuit
(DBN)

Decision in Sierra Concrete Design, Inc. provides a thorough explanation of the principles behind bankruptcy's preference laws
(DBN)

______________

Litigation:

Right-Thinking E-Discovery Project Management
(DBN)

Amended Expert Discovery: One Year Later, Has Anything Changed?
(DBN)

Hudson Legal Prepares Expansion Into Consulting
(DBN)

Consumer Groups Rip Mandatory Arbitration
(DBN)

______________

Manufacturing:

"There is no way American manufacturing companies could have met this timetable" --- The iPhone Economy --- How U.S . lost out on Apple's iPhone work --- Proof That American Innovation Isn't Dead
(DBN)

Is US Manufacturing Really Back?
(DBN)

______________

Corporate Governance:

Third Circuit Revives Claims for Deepening Insolvency and Breaches of Fiduciary Duties In Action Against Lemington Home Officers and Directors
(DBN)

The Corporate Governance Legacy of the Powers Report
(DBN)

Separation of Chair/CEO Roles
(DBN)

______________

Tax:

A Better Tax System (Assembly Instructions Included)
(DBN)

Bankruptcy-Related Expenses: Are They Deductible?
(DBN)

The Hedge-Fund Tax Loophole Is Outrageous
(DBN)

______________

Banking:

Bank Of America Has To Prove It Can Actually Make Money
(DBN)

First 3 Bank Failures Of 2012 Occur In Florida, Georgia and Pennsylvania --- American Eagle Savings Bank --- The First State Bank --- Central Florida State Bank
(DBN)

US Sues Officers Of Failed Puerto Rico Bank
(DBN)

______________

Aviation:

American Airlines May Have Just Found Its Knight In Shining Armor
(DBN)

Unions oppose fees paid by AMR to consultants for bankruptcy --- APFA asks judge to rein in proposed fees for three bankruptcy consultants
(DBN)

American Airlines employees get mix of good, bad news
(DBN)

What's going to happen to the rest of the American Airlines and American Eagle fleets?
(DBN)

US Airways Working on American Merger
(DBN)

NY court to consider AMR pension probe
(DBN)

U.S. airlines report 3 percent increase in 2011 passenger traffic
(DBN)

Pinnacle Falls 12% as CEO Sees Bankruptcy Without Cost Cuts
(DBN)

Debt ridden Air Zimbabwe faces liquidation
(DBN)

______________

Energy:

Dynegy Files New Plan That Could Be Better For Junior Creditors
(DBN)

______________

Food/Beverage:

Hostess Employees Are Flipping Out Over How Management Is Handling Bankruptcy
(DBN)

Kramer Levin Selected as Counsel to Unsecured Creditors Committee of Hostess Brands
(DBN)

The Broke and the Beautiful: Save the Twinkie! Edition
(DBN)

Looking Inside the Twinkie
(DBN - NY Times - Paywall Limit Possible)

NutraCea Makes Final Payments Under Plan of Reorganization --- 'Extraordinary outcome' for NutraCea as it pays off all of its creditors
(DBN)

New Year’s Resolution Undoings, on the House
(DBN)

______________

Sovereigns:

Slashing Sovereign Debt Is Not A Path To Prosperity
(DBN)

______________

UK:

Private equity in Peacocks rescue bid
(DBN)

Families Will be Worse Off Until 2020
(DBN)

In Britain, a Rising Outcry Over Lavish Executive Pay
(DBN - NY Times - Paywall Limit Possible)

______________

EU:

Euro Policy Makers Angle for Long-Term Debt Crisis Resolution --- Policy Makers Resume Talks Today
(DBN)

Europe: Staring Into The Abyss
(DBN)

A German Couple Earning $40,000 Has A Higher Standard Of Living Than Americans Earning Twice As Much
(DBN)

A Real Stress Test: Could Any Major Bank or Developed Nation Survive?
(DBN)

Euro Gains for First Time in Seven Weeks as Debt Concern Falls
(DBN)

Famous UK Model Jordan Suddenly Starts Tweeting About The Eurozone Crisis And Quantitative Easing
(DBN)

Many EU Leaders See Low Job Approval
(DBN)

Big EU Lenders See More Pain
(DBN)

Europe: When $625 Billion Just Isn't Enough
(DBN)

A Huge Sign That The European Financial Crisis Is Ending
(DBN)

Europe Debt Crisis Still Likely to End Badly
(DBN)

Japan Manufacturers Brace for EU Breakup
(DBN)

Why Credit Downgrades Can Be Poor Predictors
(DBN)

What's Europe's Biggest Loser? Germany
(DBN)

French Company Sentiment Falls
(DBN)

Hungary Looks Likely To Back Down
(DBN)

Greece? We Should Worry More About The Romanians
(DBN)

______________

PIIGS:

Bondholders face additional losses on Greek debt --- Greek debt talks in limbo --- Deal snags on interest rate --- PSI tug-of-war continues --- Neither side gives in at PSI talks --- IMF, Germany Push For Lower Yield In Greek Debt Deal --- IIF's Dallara says remains hopeful on Greek debt deal --- Creditors leave --- Negotiations continue by telephone --- Troika Extends Deadlines, Waits for Results of ‘Social Dialogue’ --- Greek debt talks likely to drag on until summit of EU leaders on Jan. 30
(DBN)

Greek 2YR Note Hits New Record As Debt Talks Go Nowhere
(DBN)

Super Mario's bank rescue no lifesaver for a dying Greece
(DBN)

Big cuts in auxiliary pensions
(DBN)

No heroes in a Greek war --- Survivors and suicides
(DBN)

Farmers Riot --- Poor Greeks Flock to the Countryside to Become Farmers
(DBN)

Government Publishes List of Thousands of Tax Evaders
(DBN)

ie: Bankruptcy isn't a route for ordinary Joes or Josephines
(DBN)

Irish Can't Ignore Mortgage Debt in Insolvency, Hayes Says
(DBN)

Eni gas pipeline auction looms
(DBN)

Spanish Economy to Contract 1.5% in 2012, Bank of Spain Says
(DBN)

______________

Germany:

Schlecker confirms insolvency
(DBN)

______________

Canada:

Carney: US Economy May Never Fully Recover
(DBN)

______________

MENA:

Islamists Win 71% Of Seats In The New Egyptian Parliament
(DBN)

Arab League Demands Syria's Asaad Step Down --- Syria Rejects
(DBN)

______________

Asia:

Asia's Economic Growth Moves into Neutral
(DBN)

______________

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