January 27, 2012

The Daily Bankruptcy News

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Law:

Linklaters and SNR Denton lead on Petroplus administration
(DBN)

U.K. Prosecutor's Fraud Chief Joins Jones Day as Departures Rise
(DBN)

State of the Market – Texas (Part 3)
(DBN)

Which DLA Piper Office Operated Under Third-World Conditions?
(DBN)

Why people don't get jobs as lawyers
(DBN)

Injunction for Chevron Slammed as 'Radical' by the Second Circuit
(DBN)

Should I Get a ‘Merge or Die’ T-Shirt?
(DBN)

Staying Relevant - Part 3: Competition Takes Many Forms
(DBN)

May Lawyers Offer Groupon Deals? New York Ethics Opinion Allows It, with Caveats
(DBN)

SNR Denton partners question one-off £500k payout for former chairman
(DBN)

Law Firm Mergers Help Push Unwanted Partners Out the Door, Recruiter Says
(DBN)

SEC drops "supervisor" case against ex-general counsel
(DBN)

New York lawyer gives up $14 mln lottery ticket claim
(DBN)

Investment firm sues Orrick for $95 mln over failed loan deal
(DBN)

SJ Berwin accounts show total staff numbers fell almost 10% in 2010-11
(DBN)

Legal Aid Groups Planning Major Layoffs in 2012
(DBN)

Morgan Stanley, MF Global , Commerzbank, Chevron in Court News
(DBN)

Silly Email Of The Year Award
(DBN)

Law School Students Go Insane Over LexisNexis’s Online Promotion
(DBN)

The DOJ Wants You, Experienced Attorneys — To Work for Free
(DBN)

Skadden faces wrath of Chelsea fans over stadium deal
(DBN)

Trial Attorney Who Seemed to Have It All Is Now in Jail Awaiting a Bed in Drug Rehab Program
(DBN)

Mother of ‘Toddlers & Tiaras’ Star Sues for Millions
(DBN)

Greg Kelly, Fox 5 Host & NYPD Commissioner Ray Kelly's Son, Accused Of Rape At Law Firm
(DBN)

Costa Will Pay Full Medical Expenses Plus $14,460 To Each Passengers From The Crash
(DBN)

'Thou Shalt Not ...' Visit Any Nightclub in This Town Until You Dress Your Age
(DBN)

Court Tweets: Volume One
(DBN)

Death Row Inmate Taunts Community in Letter to Hometown Newspaper
(DBN)

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Judges:

Shrinking State Court Budgets: Not Just A New York Thing
(DBN)

Hating on the Ninth Circuit: Funny But a Little Depressing
(DBN)

Embattled Judge Refuses to Recuse Himself From Hearing Cases
(DBN)

Most Americans expect SCOTUS to overturn health care law’s individual mandate
(DBN)

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Wall Street:

US stock index futures signal steady open
(DBN)

Wall Street Stumbles Amid Mixed Earnings, Data
(DBN)

Second Raft of Econ Data Not So Good, and Stocks Notice
(DBN)

Thoughts on Kodak, Bankruptcy, and Investing
(DBN)

Now Bank Of America Bonuses Are Getting The Squeeze
(DBN)

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Layoffs:

A lower unemployment rate isn't enough. Americans need work that pays the bills
(DBN)

The Dark Side of Lower US Jobless Claims
(DBN)

Jobless claims up 6%, stay lower than 400,000
(DBN)

The Manufacturing Industry Is Never Going To Solve Our Jobs Problem
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Ener1, Electric-Car Battery Maker, Seeks Chapter 11 Bankruptcy
(DBN)

GM May Accelerate Opel Restructuring on Sales
(DBN)

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Food/Beverage:

Teamsters Warn Hostess Not To Misuse Bankruptcy Process
(DBN)

Hostess's Chemical Imbalance
(DBN)

Hostess asks judge to slash union obligations
(DBN)

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Fraud:

Former employee says Allen Stanford knew his business --- Stanford obsessed with CD sales growth-witness --- Stanford Rewarded Brokers Who Pushed Antiguan CDs --- How Allen Stanford kept the SEC at bay --- Ex-employee saw problems --- Witness tells of life in pressure cooker --- Stanford Decried Wall Street Greed in 2008 Speech --- Stanford tells of $5.5bn cash pile on video --- Stanford's orders: “Growth, growth, growth” --- Big bonuses --- Stanford ad man sticks by account of last-minute changes in report
(DBN)

Mets Ruling Draws 34 Similar Suits by Madoff Trustee
(DBN)

A Bunch of Celebrities, Among Them Tobey Maguire, Being Sued By Bradley Ruderman
(DBN)

David Einhorn Tells His Side Of The Story On The FSA's Insider Trading Fine
(DBN)

Ex-UBS Municipal Derivatives Chief Facing Criminal Trial Set for July
(DBN)

SEC Resolves Insider Case Against Former Goldman Trader, Father
(DBN)

The Fast, Fabulous, Allegedly Fraudulent Life of Megaupload's Kim Dotcom
(DBN)

New York Global Group’s Wall Street Office Is Searched by FBI, Agent Says
(DBN)

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Education:

Which college major is most likely to catapult you into the top 1% of earners?
(DBN)

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Alternative Energy:

The Next Solyndra: President Obama Mentions An Energy Company In His Big Speech And It Goes Bankrupt Instantly --- Reaches Deal for $81 Million DIP Loan
(DBN)

Obama not afraid of Solyndra
(DBN)

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Hotels:

Ritz-Carlton Loan at Risk of Default as Business Travel Declines
(DBN)

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Municipalities:

Bing Races to Beat Michigan’s Deadline for Detroit Union Deal
(DBN)

Case Study: Jefferson County
(DBN)

U.S. State Tax Revenue Exceeds Pre-Recession Level
(DBN)

The 20 States With The Most Unfriendly Tax Codes
(DBN)

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Photography:

Factbox: Kodak creditors
(DBN)

The Human Cost of Kodak's Bankruptcy
(DBN)

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Shipping:

European Shipowners to Seek U.S. Court Protection, Law Firm Says
(DBN)

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Economy:

Taxpayers Still on the Hook for $133B from Bailouts
(DBN)

Fed's Lacker sees rate rise before late 2014
(DBN)

The Fed Is Worried -- And You Should Be Too
(DBN)

GDP Report expected to show 3% annualized growth
(DBN)

The Pentagon’s budget will shrink for the first time since 1998
(DBN)

Durable goods data points to economic momentum
(DBN)

Bernanke Makes Case for More Bond Buying --- How Ben Bernanke Rationalizes “Exceptionally Low” Interest Rates
(DBN)

Is the Fed Undermining the Economy?
(DBN)

Bill Gates: Higher Taxes on Wealthy is Justice
(DBN)

Senate Set to Clear Way for $1.2 Trillion Debt-Limit Increase
(DBN)

How Rich Is Warren Buffett's Secretary, Really?
(DBN)

One Third of New Yorkers Can’t Retire
(DBN)

Americans Haven't Been This Angry About The Economy Since March 2009
(DBN)

Caterpillar Indicates Economy (With Fed’s Help)Is Humming Along Quite Nicely
(DBN)

Fitch: Eurozone crisis continues to drive global credit outlook
(DBN)

Incredible Shrinking Bankers at Davos Humbler as Austerity Hits --- Besieged bankers look for signs of hope at Davos
(DBN)

Summers: “Inside Job had essentially all its facts wrong”
(DBN)

The incredibly shrinking bill for TARP
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

California: $25B Mortgage Deal Not Enough
(DBN)

Deal Or No Deal? Proposed Foreclosure Settlement Starting To Fray
(DBN)

Foreclosure prevention groups scramble to keep funding
(DBN)

Sharp divide exists between Dems, Repubs on gov't help in foreclosures
(DBN)

Housing Task Force to Zero in on Wall Street
(DBN)

Big questions about Obama’s mass-refinancing plan
(DBN)

New-home sales hit a record low
(DBN)

Case Shiller House Price Forecasts: New Post-bubble lows Seasonally Adjusted
(DBN)

2011 is Worst Year Ever for New Home Sales
(DBN)

Why The Housing Market Has Much Farther To Fall
(DBN)

Absorption rates to improve across all property types in 2012
(DBN)

Foreclosure-Ridden Florida Listens for Republican Housing Plans
(DBN)

BofA Settlements Impede Fraud Probe: Arizona
(DBN)

More Caution and Skepticism About Federal Mortgage “Investigation” --- Another Assembly --- Mortgage Fraud Still Rampant
(DBN)

17% of Chicago-area homes sold in 3Q were in foreclosure
(DBN)

Bargain hunters bid big at California Mastro bankruptcy auction
(DBN)

Putting Mandatory Down Payments On Mortgages Might Be The Worst Idea Ever, Report Confirms
(DBN)

Old mortgages rise from the dead, haunt homeowners
(DBN)

Morgan Stanley Sued by Two Banks Over $1.2 Billion in Mortgage Securities
(DBN)

Unemployed homebuilders migrate to multifamily jobs
(DBN)

Struggling Realogy targets $918M debt refinancing
(DBN)

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Compensation:

The CEO Bankruptcy Bonus
(DBN)

Barclays’s Diamond: Bankers ‘Get It’ on Pay
(DBN)

______________

MF Global:

Virginia, Alberta Lead Suit Against Corzine Over MF Losses
(DBN)

Montana farmers meet with commodities regulator
(DBN)

______________

Retailing:

J.C. Penney Surges After Saying Profit This Year May Beat 2010 Earnings --- Says Discount Strategy To Trigger Profit Jump --- The Case for JC Penney
(DBN)

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Religion:

CalBank may foreclose on Corona synagogue
(DBN)

______________

Oil/Gas:

French prosecutors probe suspicion of €100 million taken from Petroplus-France funds --- Petroplus denies fraud allegations
(DBN)

_____________

Construction:

BOOM. There's Your American Construction Recovery
(DBN)

______________

Banking:

BofA to Limit Cash Bonuses for Bankers, Traders
(DBN)

______________

Politics:

Warren adept at playing lucrative insider game
(DBN)

A worthy pact on 'super PACs'
(DBN)

Perry's Popularity Drops in Texas After His Failed Presidential Bid
(DBN)

Gingrich Attacks Romney in Florida as Owner of Swiss Accounts
(DBN)

Newt Gingrich Showed How to Wreck a Revolution
(DBN)

Tom Delay Slams Newt
(DBN)

The 19th GOP Debate: Romney Beheads Gingrich --- This Is The Debate Moment That Will Haunt Mitt Romney In The General Election
(DBN)

Obama Wins in Global Poll Showing Investors Resist Newt Gingrich
(DBN)

Investor Poll: Romney Tax Break is Welfare --- Lay Off Mitt, He's Just Like Warren Buffett
(DBN)

What Happened To Ron Paul?
(DBN)

CNN Poll: Only Ron Paul Can Beat Obama
(DBN)

FactCheck: GOP Response to State of the Union
(DBN)

Jack Abramoff Explains The 'Lobbyist Safecracker Method'
(DBN)

______________

Tax:

Switzerland, US Aim to Conclude Tax Talks by End of 2012
(DBN)

______________

Baseball:

Firestorm threatens to engulf Mets
(DBN)

______________

Credit/Debit Cards:

Discover Financial Says CFPB Probe May Have ‘Adverse Impact’ on Net Income
(DBN)

______________

Religion:

September trial date set for KC bishop, diocese
(DBN)

Lawyer: Pa. Church Official Threw Peer 'Under Bus'
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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:

Hooters, WaMu, Kodak, Lehman, AMR, MF Global
(DBN)

SP Newsprint, Potomac Supply
(DBN)

Rochelle on Lower Bankruptcy Fees, Coach America, Vitro
(DBN)

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Bankruptcy Statistics:

Maryland business bankruptcies down in 2011
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Poetry:

Kodak, Saab, Filene's, Marco Polo . . .
(DBN)

______________

Jurisdiction:

In re Extended Stay Declines to Extend the Reach of Stern
(DBN)

______________

Post-Petition Governance:

Absent “Clear Abuse,” Shareholders Continue to Control Company During Chapter 11 Case
(DBN)

______________

DIP Finance:

DIP: Crystallex International Corp.
(DBN)

______________

Mass Torts:

Calif. SC asbestos decision wrong, Motley Rice attorney says
(DBN)

BP Can't Collect Part of Gulf Spill Costs From Transocean --- Must Indemnify
(DBN)

______________

Consumer Finance:

Word of the Day: “Zombie Debtor”
(DBN)

______________

Litigation:

Dodgy M&A lawsuits are putting useful ones at risk
(DBN)

Fixed-Fee Document Review and the Automation Revolution
(DBN)

______________

Aviation:

American Airlines' parent company to seek more time in bankruptcy filings
(DBN)

American Airlines hangs onto all 216 Embraers in American Eagle's fleet for a while longer
(DBN)

AA to lay out business plan and tell unions what it wants
(DBN)

PBGC to American Airlines: But what about retiree health insurance? --- PBGC says 13,000 current or retired American employees will have pensions cut if plans are terminated --- Pension agency disputes AMR comments to workers
(DBN)

Pilots' union sends love note to American Airlines passengers
(DBN)

Pinnacle Airlines' potential bankruptcy weighs on Minnesota employees
(DBN)

______________

Competition:

Are U.S. bankruptcy laws a competitive advantage?
(DBN)

______________

UK:

Pre-pack administration overhaul dropped
(DBN)

Government legal spending drops 36% amid austerity cutbacks
(DBN)

UK bankruptcy is not as easy as it sounds
(DBN)

Everyone In The UK Is So Mad About The RBS Chief's Taxpayer-Funded Bonus
(DBN)

______________

EU:

EU's Next Rescue Fund Has Clear Limit, German Official Says
(DBN)

Why Europe’s crisis can’t be averted
(DBN)

European banks face difficulties in raising capital --- In Europe, a Conflict Over Bank Capital
(DBN)

EU Says Greece Debt Agreement Will Be Reached Soon as Athens Talks Resume --- Next three days crucial for euro zone
(DBN)

European Banks May Soon Have To Write Down $100 Billion Worth Of Bad Shipping Loans --- Shipping Banks Fail to Address Vessel-Price Plunge, Lawyer Says
(DBN)

Stiglitz Says Europe Repeats Growth ‘Platitudes’ Without a Plan
(DBN)

Europe Armaggedon Sentiment Has Eased, Altman Says
(DBN)

Poll: Nearly three-quarters of Germans against increasing eurozone rescue fund
(DBN)

______________

PIIGS:

Greece will need more funding, says Rehn
(DBN)

Ackermann Says Greek Outcome Still Open, Confident on Solution
(DBN)

The Adventures Of Nikos Kassimatis: The Man Who Owes $1.23 Billion To The Greek Government
(DBN)

All The Latest On The Bond Swap Talks Going On In Greece
(DBN)

EU, IMF press Greece on reforms before aid flows --- New Troika Demands: Firings, Pay Cuts, Slashed Health and Defense Spending
(DBN)

59% Of Young Italians Want To Leave The Country --- Italy's Good Decision
(DBN)

Why Portugal Might Be The Real Trigger That Causes The Eurozone To Spiral Out Of Control --- Ailing Portugal's Bond Yields Hit Record Highs
(DBN)

ie: Kenny Says Bond Swap ‘Sign of Confidence’ as Aid Exit Seen --- Comeback Trail? LCH Clearnet Lowers Margin Requirement for Irish Bonds --- Mortgage relief at last for up to 30000 struggling homeowners --- Irish Mortgage Holders Need Lenders' Backing for Debt Relief --- Q & A: New insolvency bill explained
(DBN)

Spain Unemployment Rises to 22.9%
(DBN)

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Germany:

Germany's All About Bailing Out It's Own Banks
(DBN)

Germany's Job Engine Remains Intact for 2012, Unicredit Says
(DBN)

______________

Canada:

Canada's Flaherty Says Europe Shouldn't Receive More IMF Cash
(DBN)

Harper Pledges 'Major Transformations' to Canadian Economy
(DBN)

Debt-ridden Canadians piling up even more, study finds ‎
(DBN)

______________

Japan:

Bailout looms for Japan's TEPCO
(DBN)

Learning to love litigation
(DBN)

______________

MENA:

Iran is ready to return to nuclear talks
(DBN)

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