January 24, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Latham Bonus Out, No Word on Spring Bonuses
(DBN)

Prominent defense attorney takes on case of fugitive lawyer
(DBN)

Ex-Crowell Lawyer Held Without Bail in $2.5M Client Theft is Investigated re $21M More, Gov’t Says
(DBN)

New Year, New Law Firm Lawsuit-Palooza
(DBN)

Asian American Lawyers Are Not Happy
(DBN)

Halliwells: picking at the carcass
(DBN)

36 to Be Inducted Into American College of Bankruptcy on March 16
(DBN)

Court Backs Privacy Rights in GPS Case
(DBN)

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

Videoconferencing Is Opportunity for Law Firm Hackers; Techie Demonstrates Vulnerability
(DBN)

In-House: ‘Recreational’ Writing, In-House And Out
(DBN)

When It Comes to Loans, Law Students Really Aren’t That Bright
(DBN)

University of Chicago Reminds Students Not To Be Tools About Grades
(DBN)

Law School Transparency: Where all the money goes
(DBN)

Costa Concordia Wreck Becoming A Tourist Attraction --- Insurance Costs May Reach $1 Billion - Herbert Smith, Irwin Mitchell advise on Costa Concordia cruise disaster
(DBN)

Akin Gump to Movie Producer Client: Where’s Our Money, Man? --- Big Law Firm Sues Over Film Financing Finder's Fees
(DBN)

Federal Judge OKs Paralegals’ Class Action Seeking Overtime Pay From Texas Law Firm
(DBN)

Teen Calls Cops When She Hears Mom's Tryst
(DBN)

Four-Year-Old North Dakota Girl Has Not Received The “Stop Snitching” Memo: "That's mommy's"
(DBN)

Juror Gets 3 Months for Researching Defendant Online, Resulting in Mistrial
(DBN)

Ex-Prosecutor Who Took 200 Oxycodone Pills as Legal Fee Agrees to 3-Year Plea Deal
(DBN)

Lawsuit Alleges Lawyer’s Parents and Grandma Are Liable for His Murder of Partner’s Ex-Wife
(DBN)

Say What?!
(DBN)

Mayor pulled over, then pulls trooper over
(DBN)

Drug Dealer Sends Info Of Deal In Accidental Text To Police
(DBN)

Mug Shots
(DBN)

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Judges:

McDonald's Dispute Pushes Bankruptcy Judge Over the Edge --- Even Bankruptcy Judge is Done With One Madison Park
(DBN)

High Court Denies Argument Time to Group Calling for Kagan’s Recusal in Health-Care Case
(DBN)

For Justices, State of the Union Can Be a Trial
(DBN)

Justice John Paul Stevens on How the Supreme Court Works
(DBN)

Behind the Music, Behind the Bench: Meet Judge Jay Stewart
(DBN)

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Wall Street:

Stock index futures signal losses
(DBN)

European Stocks Drop Amid Greek Debt Stalemate
(DBN)

Stocks mixed as Greece negotiates to cut debt
(DBN)

Stocks Are Cheaper Than They've Been in Two Decades
(DBN)

Wall Street Fraternity’s Hazing Process Involves Telling Awful Jokes While Dressing In Drag And Being Pelted With Desserts
(DBN)

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Layoffs:

J.C. Penney to Eliminate Thousands of Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Scott Brown, Elizabeth Warren make super PAC pact --- Who will break the truce in Massachusetts --- The Brown-Warren Agreement Explained --- Karl Rove-allied group rips Scott Brown- Elizabeth Warren pact
(DBN)

Romney Slams Gingrich on Consulting Contracts --- Hits Gingrich on Freddie Mac Profits --- Romney Previews Debate Attacks on Gingrich
(DBN)

Florida Primary: Mitt Romney Focuses on Housing Crisis
(DBN)

Romney to release tax returns Tuesday --- Romney: I wouldn't pay taxes under Newt plan --- Romney Discloses Income Of $21M
(DBN)

Here's The Hot New Way To Attack Mitt Romney Through Private Equity
(DBN)

The Mitt Romney Cover That Bloomberg Businessweek Didn't Want You To See
(DBN)

Gingrich Firm Releases Freddie Mac Contract
(DBN)

Obama Was Warned By His Economic Team That His Campaign Promises Would Create A Mountain Of Debt
(DBN)

The Wall Streeters Obama loves most
(DBN)

Barney Frank Claims Wall Street's Political Power Peaked In 2006
(DBN)

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Compensation:

Credit Suisse Does It Again And Pays Bankers In Derivative Backed Bonds
(DBN)

Regulators Made Push for Morgan Stanley to Limit Cash Bonuses
(DBN)

First 3 Big Banks to Report Compensation Show Drop
(DBN)

Bank CEO pay suggests Wall Street may be waking up
(DBN)

JPMorgan Cuts Stock Payouts 15% for Top Managers as Value of Shares Slips
(DBN)

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Banking:

BofA Targets Up to $3 Billion in Additional Cuts
(DBN)

FINRA panel orders Citi to pay $24 million to advisers
(DBN)

List Of 2011 Bank Failures Reveals Interesting Facts
(DBN)

Problem Bank List At 20 Year High As Regulators Let Zombie Banks Remain Open
(DBN)

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Finance:

Finance Remains Least-Trusted Industry in Annual Survey
(DBN)

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Photography:

Kodak replaces chief restructuring officer
(DBN)

UK Pension Plan Tops Kodak Creditor List
(DBN)

Kodak's Bankruptcy Plan Slugged by InterDigital Sale Failure
(DBN)

Eastman Kodak Company Files Lender Presentation In Connection With Syndication Of DIP Financing
(DBN)

Kodak's CEO Criticized
(DBN)

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Baseball:

Opening bids on Dodgers due
(DBN)

Southern California Business Man Submits Bid For Dodgers
(DBN)

The prospective Dodgers owner you won't believe
(DBN)

Dodgers sale: Who's who in the bidding process
(DBN)

LA Dodgers bidders line up billions
(DBN)

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Economy:

Fed likely to hint of no rate increase before 2014
(DBN)

Some See Two New Gilded Ages, Raising Global Tensions
(DBN)

SIGTARP: Treasury approved millions in salaries to bailed out bank execs
(DBN)

White House misses budget deadline for 3rd year
(DBN)

Goldman: US Data May Look Better Than It Is
(DBN)

Goldman Sachs Thinks You Should Sell Your Treasurys
(DBN)

Buffett Blames Congress for Romney's 15% Rate
(DBN)

The world's fastest growing economy
(DBN)

9 Charts Showing Just How Bad This Recovery Has Been
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

$25B deal with banks over deceptive foreclosure practices sent to AGs as settlement nears --- Big Banks Closing in on $25 Billion Mortgage Settlement --- Mortgage Reduction Deal 'Weeks' Away --- Mortgage Lenders Offers States New Terms For Draft Settlement Over Mass Foreclosures --- Foreclosure Probe Meeting in Chicago Targeted by Protesters --- Liberals Blast Obama Administration On Pending Mortgage Settlement --- Foreclosure Robo-Signing Deal Worries NY Official
(DBN)

Democrats calling for broader investigation into banks' foreclosure processes
(DBN)

Judicial Watch Sues Obama Administration for Documents Detailing Secret Settlement Negotiations With Mortgage Lenders Accused of Faulty Mortgage Practices
(DBN)

Delaware Attorney General Biden Won’t Join Foreclosure Accord as Proposed
(DBN)

Chase, Wells slash foreclosure timelines but REO lingers
(DBN)

FHFA: Principal reduction would cost Fannie, Freddie $100 billion
(DBN)

Fannie, Freddie Writedowns May Cost Taxpayers Billions
(DBN)

Freddie Mac draws Republicans' attention
(DBN)

Freddie paid Gingrich Group $25,000 monthly retainer
(DBN)

ASF panel: Expect bulk sales and GSE longevity
(DBN)

Current Mortgage Rates for Monday, January 23, 2012
(DBN)

JPMorgan Sued by John Hancock Over Mortgage Securities
(DBN)

Morgan Stanley Sued by Sealink Over Mortgage Securities
(DBN)

Lehman to Block Zell's Archstone Deal --- Lehman to Pay BofA $695.7 Million for Half of Archstone Stake
(DBN)

Related Cos. Closes $825 Million Fund Investing in Distressed Real Estate
(DBN)

Landlords: Beware When Terminating and Evicting Commercial Tenants
(DBN)

Feds Reportedly Investigating WMC Mortgage For Fraud
(DBN)

Man convicted of $100M mortgage scam pleads guilty to plotting hit on 'rat'
(DBN)

HI: Mortgage Foreclosure Law Revisions Advised
(DBN)

Moody's: CMBS Delinquency Rates Continue To Rise
(DBN)

NYC Commercial Real Estate Sales Up 32% In 2011
(DBN)

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Retailing:

Why Goldman Sachs Is Keeping a Close Eye on Sears --- Lampert's Sears Losses Are Spreading To Goldman's Clients
(DBN)

Shares Of Sears Rally Again; Credit Suisse Calls It 'Classic Short Squeeze'
(DBN)

______________

Municipalities:

Jefferson County Aims To Cut Sewer Bondholder Payments
(DBN)

Bankruptcy judge wants investment details from Astros owner Jim Crane
(DBN)

Cities with the longest way back from recession
(DBN)

______________

Telecoms:

RIM's New CEO Is In Complete Denial: 'I Don't Think There Is Some Drastic Change Is Needed' --- Same old same old
(DBN)

______________

Corporate Reform:

House panel to scrutinize Cordray, NLRB appointments
(DBN)

CFPB, FTC reach deal to prevent duplicative oversight
(DBN)

Five Questions For Richard Cordray
(DBN)

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Fraud

Rajat Gupta Demands Jury Trial in SEC's Insider-Trading Civil Lawsuit
(DBN)

Insider trading snitch got off too lightly
(DBN)

SEC, SIPC to argue in court over Stanford claims --- Stanford Lawyers to Blame Feds, Economy for Investors’ $7B Loss at Fraud Trial Beginning in Texas ---
(DBN)

Mets Owners to Ask Judge to Decide Madoff Trustee’s $386 Million Claims
(DBN)

One Of The Hedge Funds Involved In The Insider Trading Scandal That Broke Last Week Is Already Settling
(DBN)

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Lehman:

Lehman Creditors Fault JPMorgan Affiliates' Claims on Firm
(DBN)

______________

Equipment Rental:

Ahern Rentals Creditors Committee Objects To Bankruptcy Loan
(DBN)

______________

Health Care:

UC San Diego Health System takes over Nevada Cancer Institute
(DBN)

Rather Than Fix America's Hospitals, The Rich Are Building Their Own
(DBN)

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Sports:

Managing Bankruptcy Matters For Athletes: A Case Study
(DBN)

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Food/Beverage:

Hostess trial set for March - Questions loom over pensions, retiree benefits
(DBN)

______________

Gambling:

Indian casinos struggle to get out from under debt
(DBN)

______________

M&A:

McKinsey on M&A: Bite sized
(DBN)

______________

Protests:

Costumes, Singing, Dancing and Arrests Mark Occupy the Courts Protests
(DBN)

Soros: Occupy movement to turn violent
(DBN)

Occupy Wall Street Lawyers Drop Legal Challenge to Zuccotti Park Eviction
(DBN)

Protesters Demand Tougher Robo-Signing Settlement
(DBN)

______________

Alternative Energy:

Evergreen Energy Files for Bankruptcy , Cites Lack of Financing
(DBN)

Solar crisis triggers Q-Cells debt restructuring
(DBN)

______________

Shipbuilding:

Derecktor back in bankruptcy
(DBN)

______________

Distressed Investing:

Credit Bidding and the Supreme Court
(DBN)

______________

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:

Modern Honolulu, Kodak, Lee Enterprises, Madoff
(DBN)

Rochelle on Kodak, Hostess, Seaarland Bankruptcies
(DBN)

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Bankruptcy Statistics:

Oklahoma bankruptcy filings decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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SPEs:

Putting Bankruptcy Remoteness on Trial in the Seventh Circuit – Defining the Parameters of “Operational Separateness” for an SPE
(DBN)

______________

Autos:

'Sensitive & confidential' memos to Obama outline pre-auto bailout options for GM, Chrysler --- Bush administration considered bankruptcy filings for GM, Chrysler --- The Summers Memo --- 11 Stunning revelations From Larry Summers’ Secret Economics Memo
(DBN)

The GM Plan: Breaking It Up Is Hard To Do
(DBN)

Saab North America to Be Liquidated
(DBN)

______________

Private Equity:

Romney's Bain
(DBN)

Romney, Private Equity And Defaults : What The Record Shows
(DBN)

Study Examines Bankruptcy, Recovery Among Private Equity Firms
(DBN)

______________

Insurance:

FDIC's Latest Failed Bank Lawsuit Includes D&O Insurer Defendant
(DBN)

______________

Oil/Gas:

Natural Gas Dead-Cat Bounce Continues; Chesapeake Makes Its Move
(DBN)

Investment firm’s $50 million objection equitably moot, 3rd Circuit rules
(DBN)

Petroplus Stops UK Oil Refinery Deliveries as Shares Suspended --- Petroplus says lenders force it to file for bankruptcy --- Jobs in limbo
(DBN)

______________

Student Debt:

Student Debt Could Be A Landmine For Lenders
(DBN)

______________

MF Global:

The Astonishing Lack of Progress at MF Global
(DBN)

Deadline Approaches for MF Global Claimants --- MF Global Claims Due Jan. 31
(DBN)

After MF Global , Risk Management Again Takes Center Stage
(DBN)

MF Global UK - Special Administration update - 23 January 2012
(DBN)

Architect of Broker Dealer FCM Liquidation Process Goes On the Record Regarding SIPA Liquidation Process
(DBN)

______________

Aviation:

American asks court to keep another 5 planes
(DBN)

AMR's American to Take $713 Million Writedown on Jet Values
(DBN)

AMR bankruptcy : Rates for proposed consultants range to $1365 per hour
(DBN)

American Airlines works to ease employees' pension fears
(DBN)

AMR, American Airlines outline 2012 incentive plan for employees
(DBN)

Travelport counterclaims against American Airlines likely to go forward in court
(DBN)

______________

Newspapers:

Post-Dispatch Owner Lee Enterprises Wins Approval of Bankruptcy Exit Plan --- Refinancing takes effect January 30
(DBN)

______________

UK:

London's Mayor Has A Quaint Solution To The Impact Of The Financial Crisis
(DBN)

EU plans raise home foreclosure risk
(DBN)

Debt worries check signs of economic recovery
(DBN)

______________

EU:

When a derivatives counterparty leaves the euro . . .
(DBN)

S&P Cuts 259 Asset-Backed Bonds After European Downgrades
(DBN)

Germany Floats Dual Aid Funds
(DBN)

Germany at Odds with Partners over Euro Crisis
(DBN)

EU Finance Ministers Meet on Crisis Solution as Greek Debt Swap Unresolved
(DBN)

Euro rises to 3-week high against dollar on Greek debt hopes
(DBN)

Germany Schaeuble: EU Summit To Take Final Fiscal Pact Decisions
(DBN)

Lagarde Sounds New Alarm Over Europe
(DBN)

Eurozone Industrial Orders -1. 3% In November, Italy -1. 5%
(DBN)

______________

PIIGS:

Bondholders May Face Up To 70% Haircut In Greek Deal --- EU Seeks Bondholder Concessions on Greece --- Greek PSI Offer Rejected, But Deadline Extended To February
(DBN)

Hedge funds prepare legal battle with Greece
(DBN)

Greece Names And Shames 4,000 Of Its Top Tax Evaders
(DBN)

EU demands more sacrifices from Greece, banks --- Eurogroup piles on pressure for PSI
(DBN)

Moody's: Odds Of A Greek Debt Default Disaster And Exit From The Euro Are On The Rise
(DBN)

Rehn Says Greek Bondholder Negotiations Should Wrap Up 'Shortly'
(DBN)

Dutch Don't Insist on Voluntary Greek Haircuts, De Jager Says
(DBN)

Merkel Sees No Need to Plan for Greek Bridge Loan
(DBN)

Spain Risks Deficit Spiral as Poll Postpones Cuts
(DBN)

Italy: Crisis causes bankruptcy surge
(DBN)

Italian, French Government Bonds Fall as Optimism Over Greece Deal Wanes
(DBN)

Debt-ridden Italy's tax fraud crackdown yields 50 billion euros
(DBN)

ie: 3-year bankruptcy in debt proposals
(DBN)

ie: Ministers sign off on debt, bankruptcy package --- Shatter to unveil reforms in rules for bankrupts
(DBN)

______________

Germany:

Germany's Schlecker teeters as funding dries up
(DBN)

HSH Nordbank repays 3 billion euros state guarantees
(DBN)

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Switzerland:

Record number of bankruptcies reported
(DBN)

______________

Canada:

Supreme Court Affirms Broad Municipal Discretion to Set Tax Rates
(DBN)

______________

MENA:

Iran Says Closing The Strait Of Hormuz Is Now Its Legal Right
(DBN)

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Copyright 2011