January 26, 2012

The Daily Bankruptcy News

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Law:

Latham Advising US Airways on Possible AMR Bankruptcy Bid
(DBN)

Romney, Ropes, and Bain and the Ties That Bind
(DBN)

Former Bush lawyer leaves Weil for Quinn Emanuel
(DBN)

Stanford, RBS, Commerzbank, J&J, Roche, BP in Court News
(DBN)

RBS-Highland, Commerzbank, J&J, Roche, GE, UBS in Court News
(DBN)

Lessons from the Iron Lady
(DBN)

Law Firm Known as ‘Slavies’ Uses the Nickname in On-Campus Ad, Then Apologizes
(DBN)

Bilked of $285K in Web Scam, Law Firm Faces Fla. Bar Probe re Its Related Financial Practices
(DBN)

Stan Chesley Wins Dismissal of Suits Filed Against Him in Connection With Catholic Abuse Case
(DBN)

Herbert Smith net debt grows by £16m in 2010-11
(DBN)

Squire Sanders announces new line-up to global leadership
(DBN)

Arraignment Date Set for Stephen McDaniel in Lauren Giddings Murder Case
(DBN)

The Real Differences Between Law Schools
(DBN)

How Many Law Schools Can You Fit In Indiana?
(DBN)

Law School Transparency: On the margin
(DBN)

One Hit Away from Getting Out of Doc Review
(DBN)

iPad Apps to Boost Productivity at Your Law Practice
(DBN)

The Red Shoe Diaries
(DBN)

'What the Heck Was That All About?'
(DBN)

Texas vs. Florida: Which State Has the Best Criminals?
(DBN)

More Than 1300 Prisoners Have Sewn Their Lips Shut In Protest
(DBN)

Epic Bank Robbery Fail As A Thief Shoots Himself In The Foot
(DBN)

Man held in solitary for 2 years after DWI awarded $22M
(DBN)

Woman Holds Teen At Gunpoint Over 'Ding-Dong Ditch' Prank
(DBN)

Cops: Man kills, eats homeless person
(DBN)

Gun-toting granny to carjacker: 'Stop right there or you're dead where you stand'
(DBN)

NYPD Busts Man For Secret Taping Tryst
(DBN)

Say What?!
(DBN)

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Judges:

3 Supreme Court Justices Skip Obama Speech --- Supreme Court, Legal Issues Stay Out of the Spotlight at State of the Union
(DBN)

Prosecutors Claim Federal Judge Bias in Lawyer’s Racketeering Case, Ask 3rd Circuit for New Judge
(DBN)

Judge Accused of Keeping Money Raised for Courthouse Ten Commandments Display
(DBN)

A Wisconsin Judge’s Refusal to Recuse --- Free Work for State Judge Puts Michael Best at Center of Wisconsin Political Storm
(DBN - NY Times - Paywall Limit Possible)

Roberts to America: Trust us
(DBN)

Obama proposes up or down vote on judges
(DBN)

Judge arrested, faces DWI charge
(DBN)

Fifth Circuit Spanks Judge Hughes
(DBN)

Checks Show Suspended Judge Spent Court Money on Payments to Employees, Sister’s $100 Pound Cake
(DBN)

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Wall Street:

 

Stocks jump after Fed pledges to keep rates low
(DBN)

Morgan Stanley's CEO Says Employees Unhappy With Pay Are Naive And Can Leave If They Can't Adjust
(DBN)

For 10 Minutes Of SOTU, Obama Spoke Directly To Wall Street
(DBN)

U.S. Companies Reporting Lower Quarterly EPS, Jan. 25 --- Companies Reporting Negative EPS Surprises
(DBN)

BofA Paying Bonuses With More Of It's Beaten-Down Shares
(DBN)

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Layoffs:

Financial-Sector Job Cuts Announced: 200,000
(DBN)

Layoffs Watch ’12: JPMorgan
(DBN)

Abbott to cut 700 jobs in the U.S., Puerto Rico
(DBN)

How Long Can This Jobless Recovery Last?
(DBN)

Obama created more jobs than Apple's Steve Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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IP:

Marilyn Monroe Estate Nabs Photo Rights in Bankruptcy Deal
(DBN)

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Gambling:

NY Legis. clears way for Suffolk OTB bankruptcy
(DBN)

Mohegan Sun's Owners Seek to Restructure Debt
(DBN - NY Times - Paywall Limit Possible)

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Banking:

Lawyers and Activists Call for Break-Up of Bank of America --- BofA CEO's utterly silly statement about why his bank is gargantuan --- No Matter What Brian Moynihan Says, People Are Still Calling For Bank Of America's Break-Up
(DBN)

U.S. Banks Face Pressure on Margins
(DBN)

We love our debit cards, but not our banks
(DBN)

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Municipalities:

Harrisburg Gets a Fresh Face
(DBN)

Receiver John S. Young may be off the payroll, but Jefferson County is not off the hook
(DBN)

Houston Astros Owner Balks at Jefferson County Debt Inquiry
(DBN)

Michigan EM statute is strictest in nation
(DBN)

Christie Can't Shake New Jersey's Last-Place Ranking for Business
(DBN)

Avoid These Cities If You're Planning On Working Through Retirement
(DBN)

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Non-Profits:

As Chicago's Hull House Closes Its Doors, Time to Revive the Settlement Model?
(DBN)

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Corporate Reform:

Geithner Says 'Basic Elements' of Finance Reform Done This Year
(DBN)

SEC Puts Private Equity Under the Enforcement Microscope
(DBN)

SEC Says Rakoff Erred on ‘Public Interest’ Test for Accords
(DBN)

Dodd-Frank News - Jan. 2012
(DBN)

A Look at the Consumer Financial Protection Bureau's Supervision and Examination Manual - Version 1.0.
(DBN)

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Hotels:

Manhattan Boutique Hotels Alex, Flatotel Face Foreclosure
(DBN)

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Credit/Debit Cards:

Think about it — why would a credit card company give you cash back?
(DBN)

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Food/Beverage:

Quiznos Gives Up Control To Stave Off Bankruptcy
(DBN)

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Golf:

Judge OKs golf at Lode course for now; other hazards loom
(DBN)

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Health Care:

Lawsuit won't stop regional hospital plans, officials say
(DBN)

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Economy:

Fed: Rates unchanged, no rate hikes likely till late '14 --- Fed Signals That a Full Recovery Is Years Away
(DBN)

Geithner: I Won't Be Part of Obama Second Term --- Geithner: Obama Wouldn’t Ask Me to Stay --- Geithner Still Under The Impression He Can Leave Washington Whenever He Pleases
(DBN)

Americans Divided on Whether U.S. Economic System Is Unfair
(DBN)

Factory Jobs Obama Wants Are Unlikely to Return in Large Numbers --- The US Has Already Lost These Eight Industries To China
(DBN)

Consumer Confidence: It's a Bit Murky Out There
(DBN)

CEO Confidence Falls, Prepares for More Shocks
(DBN)

WSJ/NBC Poll: Voters View Economy More Positively
(DBN)

Corporate America and Its Leaders: They Had Help
(DBN)

Fear in Davos
(DBN)

Warren Buffett's Secretary Likely Makes Between $200,000 And $500,000/Year --- Billionaire Buffett Defends Proposed Tax Rate Change
(DBN)

Dimon: Impact of Greek Default on US Banks Almost Zero
(DBN)

Greenspan: Battle for Capitalism 'Far From Won'
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

New York AG coy about joining mortgage settlement
(DBN)

Bank Foreclosure Deal ‘Inadequate,’ Says California’s Harris
(DBN)

Home loan investigation to be led by N.Y. attorney general
(DBN)

Current Mortgage Rates for Wednesday, January 25, 2012
(DBN)

Lower Mortgage Rates On the Way? --- Mortgage Rates: QE III and Refinances for All?
(DBN)

Obama mortgage refi plan viewed as only partial housing solution --- Analysts: Refinancing Plan ‘Dead on Arrival’? --- Six Questions on Obama’s Mortgage Refinance Proposal
(DBN)

Wells Fargo launches pilot programs to clear LA, Atlanta housing inventory
(DBN)

NAR confidence index continues to build
(DBN)

Foreclosures made up 20% of home sales in 3Q
(DBN)

REO sales drop off in 3Q
(DBN)

Chase, BofA may lose $131 million in HAMP payments
(DBN)

Bernanke discusses pros and cons of principal reductions
(DBN)

Fitch downgrades RMBS bond ratings on default risk
(DBN)

Obama creates unit to probe mortgage misconduct --- The Belated Mortgage Fraud/Crisis Investigation
(DBN)

Texas County to sue MERS over mortgage fees
(DBN)

CFPB, Fed officials crack down on military mortgage fraud
(DBN)

Supply Shortfall Persists for Apartments
(DBN)

EpiCentre creditors group disbanded
(DBN)

Missing mogul's treasures go to highest bidder
(DBN)

Seventh Circuit Holds Real Estate Debtor Cannot Cram Down Undersecured Lender With Bonds
(DBN)

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Retailing:

JC Penney's new strategy includes major markdowns --- J.C. Penney to end hundreds of sales
(DBN)

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Fraud:

UK Fines Einhorn in Trading Case --- For Einhorn, insider rap is just a bump --- Reasons For Greenlight’s “Punch” Fine Not Entirely Clear --- The man who shorted Lehman fined for insider dealing
(DBN)

Stanford Invented Insurance Company for Bank Depositors, Prosecutor Says
(DBN)

Obama offers more anti-fraud bark with little bite
(DBN)

There’s Already a Financial Fraud Task Force
(DBN)

Accused Inside Traders Kuo, Newman Released on Bond in Hedge-Fund Case
(DBN)

Ex-CEO Scrushy Gets Prison Sentence Trimmed
(DBN)

Mortgage Store owners return millions in illegally acquired funds
(DBN)

Malpractice insurance covering law firm will pay $1.6M to FRM Ponzi scheme victims
(DBN)

Adelphia’s Rigases Tax Case Should Be Tossed, U.S. Says After 6-Year Fight
(DBN)

______________

Aviation:

Despite bankruptcy American Airlines planes lease continues
(DBN)

How Many Consultants Does It Take to Get American Airlines Through Bankruptcy ? --- Battle over AA, AMR and American Eagle consultants to wait until Feb. 29
(DBN)

US Airways confirms it has hired advisors for possible AMR takeover bid --- Confirms Exploration of Options Related to AMR --- US Airways, American in merger talks, CEO says
(DBN)

The Baggage Weighing Down This American Icon
(DBN)

American Airlines to meet Feb. 1 with unions
(DBN)

Airlines Required To Include Government Taxes And Fees In Advertised Ticket Price --- Airlines Must Now Give Full Refunds On All Tickets Canceled Within 24 Hours
(DBN)

Grand jury indicts former Pace owner
(DBN)

Cirrus Airlines ceases operations
(DBN)

______________

Oil/Gas:

The crisis in European refining
(DBN)

French launch probe into Petroplus bankruptcy
(DBN)

Petroplus says German subsidiaries file for insolvency
(DBN)

Petroplus puts assets into administration
(DBN)

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Distressed Investing:

North American Distressed Debt Market Outlook 2012
(DBN)

______________

Baseball:

Rich, famous line up to buy Dodgers
(DBN)

Pressing Questions: The Los Angeles Dodgers
(DBN)

Dodgers Sale Price May Reach $2 Billion
(DBN)

______________

Photography:

Wal-Mart, PBGC Named to Kodak Bankruptcy Creditor Committee
(DBN)

______________

Rating Agencies:

Illinois Attorney General Lisa Madigan Sues Standard & Poor’s Over Ratings
(DBN)

______________

Religion:

Extradited Ex-Priest Faces 55 Abuse Charges
(DBN)

______________

Politics:

Elizabeth Warren: The Dr. Phil Years --- The politics of greed
(DBN)

Obama Defends Bailouts, Handouts, Cop-Outs
(DBN)

Obama’s Faux Populism Sounds Like Bill Clinton
(DBN)

Ten Questions on Romney's Taxes
(DBN)

Inside Romney’s Tax Returns: A Reading Guide
(DBN)

The Only Point From SOTU Where Obama And Republicans Agree
(DBN)

______________

Utilities:

S&P lowers Southern Montana Elec G&T Co-op rating to 'D'
(DBN)

______________

New Bankruptcy Opinions
(2 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:

Rochelle on Kodak, St. Louis Post-Dispatch Bankruptcies
(DBN)

The Next 17 Big Companies That Are At Risk Of Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy filings in Colorado end five years of upticks
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Committees:

WaMu Bankruptcy Judge Agrees to Possibly Drop Insider-Trading Ruling
(DBN)

______________

Claim Priority:

The Operation of the “Operations” Rule: The Seventh Circuit’s Primer On the Priority of Postpetition Tort Claims
(DBN)

______________

Insurance:

Court Upholds Travelers vs. Reinsurers in Big Asbestos Award
(DBN)

Fitch Places Old Republic International Corp. on Rating Watch Negative --- Says Mortgage-Unit Supervision Not a Default Event
(DBN)

______________

Newspapers:

Lee stock up 50 percent on approval of bankruptcy plan
(DBN)

______________

Music:

After spending millions, Murdoch-backed music start-up bankrupt before launch
(DBN)

______________

Autos:

U.S. Automakers Seen Losing Market Share
(DBN)

Why Ford Should Worry
(DBN)

In a Post-Bankruptcy World, Hunting the Elusive Saab Bargain
(DBN)

______________

Student Debt:

Federal student loan rate set to double
(DBN)

Cordray announces continued scrutiny of private student loan programs
(DBN)

______________

Lehman:

Claims Dispute Pushes Back Lehman Trustee's Payback Estimate --- Lehman Defers Plan to Slash $37 Billion in Trustee Claims
(DBN)

______________

MF Global:

MF Global casts spotlight on client fund rules
(DBN)

CFTC says customer-fund review comes up clean --- Client Funds Protected at 70 Futures Brokers, US CFTC Says
(DBN)

Futures Industry Sees Chance to Shape Oversight
(DBN)

MF Global Clients May Lose in $700 Million Bankruptcy Fight
(DBN)

Baucus calls for MF Global investigation
(DBN)

______________

Mass Torts:

Sparks fly over asbestos bill
(DBN)

______________

Tax:

A New Legal Interpretation May Require You To Pay Taxes On Frequent Flier Miles
(DBN)

IRS Should End Commodity Mutual Fund Runaround, Levin Says
(DBN)

Obama Said to Be Readying Corporate Tax Overhaul With 2013 Budget
(DBN)

______________

Alternative Energy:

The Solyndra canard continues
(DBN)

______________

UK:

Bust refinery fuel warning
(DBN)

UK Looks to Dramatically Overhaul Executive Pay: Binding Say-on-Pay for Starters
(DBN)

UK bankers accuse Commerzbank of "moving goalposts"
(DBN)

______________

EU:

Banks Hoarding ECB Cash May Double Defaults
(DBN)

Geithner Says Europe's Woes Tougher to Solve Than U.S. Crisis
(DBN)

Losses worsen at Europe's top football clubs
(DBN)

Austerity 'Does Not Deliver': HSBC Chief Economist
(DBN)

Hungary Is a 'Red Flag' for Eastern Europe: EBRD
(DBN)

______________

PIIGS:

Greece: Haircut pressure grows on ECB --- ECB Says “No” to Haircut on its Own Greek Debt --- EU faces new Greek haircut if private lenders' talks fail --- Greece's Creditors Have Made Maximum Offer, BNP's Prot Says
(DBN)

IMF takes tougher stance over Greek debt
(DBN)

Making sense of the Greek debt talks
(DBN)

Greek debt talks resume in race against the clock
(DBN)

Greek Debt Talks to Resume in Athens as Policy Makers Squabble
(DBN)

Greece focused on quick debt deal
(DBN)

Hedge Funds Scramble to Unload Greek Debt --- Bet on Profits from Greek Debt Talks
(DBN)

Greek Default Looms With a Touch of Schadenfreude
(DBN)

“New Homeless” Phenomenon Spreading in Athens
(DBN)

No, Hedge Funds Can't Foreclose On The Acropolis
(DBN)

It's Not Just Greece
(DBN)

Merkel refuses to back Greece to the hilt --- Merkel Now Doubts That Greece Can Be Saved --- Greece plays down reading of Angela Merkel's financial meltdown remarks
(DBN)

Ireland to slash bankruptcy term to 3 years --- Cut to 3 Years From 12 Years --- How will the new Personal Insolvency Bill work? --- ie: Homeowners get lifeline as personal debt deal on table --- Banks will gain from debtors' use of system, says Shatter --- Exile bankrupts are abusing system
(DBN)

The Portuguese President's Sad Complaints About His Insufficient Pension Has A Nation Offering Him Charity
(DBN)

Portuguese bonds hit as traders fear default
(DBN)

______________

Canada:

NewPage pensioners face $75m gap
(DBN)

______________

France:

French Jobless Claims Rise to 12-Year High as Recession Looms
(DBN)

______________

Japan:

NEC to Reduce 10,000 Jobs, Forecasts Loss
(DBN)

______________

Iceland:

Iceland Corporate Failures Rose 61% in 2011 in Crisis Aftermath
(DBN)

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Copyright 2011