January 30, 2012

The Daily Bankruptcy News

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Law:

In Howrey Case, Hispanic Farmers Implore Judge Regarding Representation --- Bankrupt Howrey May be Off Hispanic Farmers' Suits, But Ex-Firm Lawyer Vows to Soldier On
(DBN)

NYT Smacks Around a Biglaw Partner While Behaving as If Mitt Romney Needed Tax Advice From Stephen Hawking
(DBN)

Laura Davis Jones Joins Panel for Restructuring, Insolvency & Distressed Investing For 2012
(DBN)

JPMorgan Lawyer Says Blavatnik Refuses to Postpone Case for Lawyer's Heart Surgery
(DBN)

U.S. Legal Sector: Will lawyers be answering to business owners, as in Britain, Australia
(DBN)

True Grit: Four Models to Rein in E-Discovery Costs
(DBN)

NY Times Reporter Sounds off on Legal Education, Accreditation and the ‘Crazy’ Race for Rankings
(DBN)

David Segal on law school economics
(DBN)

Lunch Theft Epidemic Continues, Spreads to Washburn Law
(DBN)

The Early Bird Gets the In-Class Candy
(DBN)

Law School: Good money after bad?
(DBN)

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

Enforce Stricter Standards
(DBN)

"Don't Lean on me"
(DBN)

Why Just Being a Great Lawyer Won’t Get You a Promotion
(DBN)

I Want to Work at Wachtell or White and Case
(DBN)

From Biglaw to Boutique: A Marketing Matrix
(DBN)

BAM! Counsel Win $21 Million in Fees From Clients Who Wouldn't Pay
(DBN)

NY Jury: Billionaire's Firm Must Pay Attorney $16M
(DBN)

Stanford, Morgan Stanley, BP, Apple, MF Global in Court News
(DBN)

In cruise ship disaster, an SOS for lawyers
(DBN)

Financier Perelman loses civil trial contract spat
(DBN)

Lawyerly Lairs: A Cadwalader Castle in the Sky
(DBN)

Sixth Circuit Revives Free Speech Lawsuit Over Grad Student’s Firing
(DBN)

Prisons Are Teeming With the Old and Sick; Should We Let them Go?
(DBN)

Judge Benches Embattled DA, Finds Probable Cause She Should Be Permanently Removed From Office
(DBN)

Ousted BigLaw Partner Gets 5 Years for Helping Client Trick Swiss Bank Into Making $28M Loan
(DBN)

Lawyer Suing Hot Ex-Girlfriends Over Scathing Relationship Reviews on LiarsCheatersRUs Speaks Out
(DBN)

NY Attorney Withdraws Last-Minute Claim to $7.5M Iowa Lottery Jackpot
(DBN)

Onetime Foreclosure King Facing Multiple Suits Now Turns to New Venture: Five Guys Burgers and Fries
(DBN)

Jury Doesn’t Buy Husband’s Testimony, Convicts Him of Murder-Attempt for Setting His Wife on Fire
(DBN)

Paralegal Who Faked Kidnapping and Law Degree Is Sentenced for Embezzlement
(DBN)

Los Angeles Lawyer Among Women Using In Vitro in Hopes of Having a Dragon Baby
(DBN)

Email Disclaimers: The Modern-Day Mattress Tag?
(DBN)

______________

Judges:

Paying Homage to Kenny Rogers
(DBN)

News That Highly Regarded Tenn. Judge Died Unexpectedly Is ‘Like Having the Courthouse Crumble’
(DBN)

Justice Thomas Recalls Time as ‘Lonely Kid’ Before He Was Recruited to Holy Cross
(DBN)

Sotomayor discovers the delights of the CNMI
(DBN)

Filibustering Nominees Must End
(DBN - NY Times - Paywall Limit Possible)

There Is a Judicial Confirmation Crisis, and the GOP Is Causing It
(DBN)

Evidence Mounts Against Justice Kagan For Recusal In ObamaCare Suit
(DBN)

______________

Wall Street:

Stock index futures signal early losses
(DBN)

Banks pull FTSE back as Greece crisis festers
(DBN)

Stocks fall on slower growth
(DBN)

Greek debt deal may not equal Wall Street relief
(DBN)

______________

Layoffs:

Economic growth not enough to sharply reduce unemployment
(DBN)

U.S. Midwest Jobs Return as Applesauce Joins Cars to Lift Obama
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Student Debt:

Obama pushes for financial aid ‘shopping sheets’ that clearly spell out college costs --- What if the U.S. Tied Colleges' Financial Aid Resources to Affordability?
(DBN)

President's tuition, student aid proposal raises hopes and concerns
(DBN)

______________

Aviation:

American Airlines' Hiring of Bankruptcy Advisers Put on Hold --- Stalls in Face of Unions
(DBN)

AMR gets OK to dump 9 more aircraft leases
(DBN)

American retiree group asks bankruptcy court to create retiree committee
(DBN)

Court deadline for AMR looms on its fleet decisions
(DBN)

Pension agency disputes AMR comments to workers
(DBN)

AMR employees to learn what bankruptcy means for them
(DBN)

What we think American Airlines will reveal on Wednesday
(DBN)

Delta considering bid for US Airways --- US Airways eyes rival American
(DBN)

Frontier Airlines Returning Headquarters To Denver
(DBN)

Spanair ceases operations as Qatar Airways halts takeover talks
(DBN)

Spanish Airline Shutdown Ripples Through Region --- Shutdown sparks disruptions --- SAS takes writedown --- Spain Threatens Fine After Airline's Quick Close --- Spanair Files For Bankruptcy After Qatar Airways Pulls Out Of Rescue Deal --- Spanair Collapse Puts Europe’s State-Owned Airlines on Alert
(DBN)

Defunct airline's bankruptcy heads to mediation
(DBN)

______________

Photography:

Bankruptcy could spark anxiety, grief in Kodak workers --- Photographers, Employees Await Fallout From Kodak Bankruptcy
(DBN)

Past cases show Kodak faces pain in Chapter 11
(DBN)

The anti-Kodak: Eastman Chemical
(DBN)

Eastman Chemical snaps up Solutia
(DBN)

______________

Alternative Energy:

Ener1 Wins Approval of $13.5 Million Bankruptcy Financing
(DBN)

Biodiesel plant reopens after four idle years
(DBN)

______________

Municipalities:

Jefferson County bankruptcy lawyer: Non-user fee for sewers still on table
(DBN)

Jefferson County seeks to reject economic development contracts
(DBN)

Glendale , Ariz ., Shrinks Municipal Bond Deal 80 %
(DBN)

California Cities Lose Bid to Stop Law Redirecting $1 Billion
(DBN)

______________

Non-Profits:

State Fair took odd ride to bankruptcy court
(DBN)

An emotional goodbye to Hull House
(DBN)

______________

Pensions:

Saving Retiree Health Plans
(DBN)

Retirees may find their benefits targeted for cuts
(DBN)

______________

Politics:

U,S, Senate Candidate Warren: Congress Shouldn't Own Stock
(DBN)

Insurance past should sink Lizzy
(DBN)

Romney Keeps Bashing Gingrich --- Romney: Gingrich ‘Doesn’t Have Right to Rewrite History’
(DBN)

So Mitt is Actually Goldman Sachs' Candidate
(DBN)

Gingrich Predicts ‘Straight-Out Contest for Next 4 or 5 Months’
(DBN)

John McCain: Send Newt to the Moon
(DBN)

Paul Says TSA Screenings ‘Undermine Our Liberties’
(DBN)

Obama to Senate: Change Your Ways
(DBN)

______________

Shipping:

Chapter 11: Liberation or suspended sentence
(DBN)

______________

Economy:

Growth quickens, but speed bumps ahead --- US fourth-quarter GDP falls short of expectations --- Consumers Hold Back --- Consumers More Upbeat in January
(DBN)

Economists React: GDP ‘Less Impressive Than It Looks’
(DBN)

Rising Business Investment
(DBN)

Paying Far More Than 13.9%: A Taxpayer's Lament
(DBN)

Outsized Impact of Inventories on GDP Growth
(DBN)

Davos Leaders Urge Europe to Fix Crisis Hurting Growth
(DBN)

Davos founder Klaus Schwab: Focus on jobs, morals
(DBN)

Topless protesters detained at elite Davos forum, trying to call attention to poor --- At Davos, Why Is No One Talking About the Poor? --- The Occupy movement goes to Davos
(DBN)

Main Street CEOs Hiring Marks Davos Divergence as Banks Shrink
(DBN)

Simpson Says ‘Terrified’ Obama Walked Away From Deficit Issue
(DBN)

The Destruction of AIG Continues
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Holder Announces Working Unit on Mortgage-Backed Bonds Fraud --- New Fraud Investigation Group Issues Subpoenas to Financial Companies --- The left's bank cop --- Schneiderman's RMBS Working Group: Resources, Jurisdiction and Will --- Mortgage fraud victims may get a late payment --- Attempting To Solve The Mortgage Crisis
(DBN)

Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability --- Proposed Mortgage Deal Said to Be Limited to Foreclosures --- California's Harris Seeks to Improve Mortgage Deal With Holdout
(DBN)

Maryland court rejects robo-signing lawsuit
(DBN)

Jobless Homeowners May Soon Get A "Time Out" From Mortgage Payments --- Administration bolsters homeowner lifeline --- Obama Expands Aid For Delinquent Homeowners --- Too little, too late?
(DBN)

Raging Against The Foreclosure Machine
(DBN)

The New Mortgage Crisis: Welcome to Hell
(DBN)

Treasury to pay investors triple for HAMP principal reductions
(DBN)

FHA serious delinquency rate inches up while originations decline
(DBN)

Few in Ind. using state fund to avoid foreclosure
(DBN)

States where citizens carry the most mortgage debt
(DBN)

Clause confidential: Bank of America is allegedly forcing borrowers to delete statements made on Twitter and Facebook
(DBN)

Consumer bureau taking a closer look at appraisal fees --- What's behind the rising cost of home appraisals?
(DBN)

Goldman sued by ABP over mortgage securities
(DBN)

Dismal New Home Sales in 2011
(DBN)

Judge penalizes 'straw buyer' for testimony in mortgage fraud case
(DBN)

What happens when you walk away from your home?
(DBN)

Rare Payoff on Vintage ’07 Commercial Loan
(DBN)

D.R. Horton plans return to record home closings in five years
(DBN)

Capitol View developer's bankruptcy trial delayed
(DBN)

More CMBS land in special servicing as businesses downsize
(DBN)

_____________

Retailing:

The Bookstore's Last Stand
(DBN)

______________

Tax:

Swiss Bank Felled by US Tax Dispute
(DBN)

______________

Fraud:

One Stanford Client Lost $20 Million, Ex-Executive Testifies --- Retiree says he lost $1.6 million in Stanford CDs --- Retiree's big loss stirs a reaction by Stanford --- Stanford exec says he didn't see illegal acts --- DOJ Investigates Former SEC Lawyer as Trial of Stanford Begins --- Alleged Ponzi-Schemer Allen Stanford : 'People Are Stupid'
(DBN)

Gupta Seeks Identity of Tipper ‘X’ at Goldman Sachs, P&G in Galleon Case --- Gupta feels strongly about his innocence: lawyer
(DBN)

Madoff trustee eyes 83M 'profit' from Met owners --- Mets: suit is off base --- Mets Owners Seek End To Madoff Case --- Wilpons must clear many hurdles to retain control --- Expert Witnesses Faulted in Suit Against Mets' Owners --- Mets Owners Say They 'Never Suspected' Madoff Was Running Ponzi Scheme --- No dirt on us
(DBN)

Petters largesse follows politicians
(DBN)

RRA's David Boden files Ch. 7 bankruptcy
(DBN)

Goldman, Berkshire names surface in Rajat Gupta case
(DBN)

For Cladek's Ponzi victims, bleeding continues
(DBN)

Ex-UBS Trader Adoboli Pleads Not Guilty to Fraud, False Accounting Charges
(DBN)

______________

Hotels:

Tucson: Bankruptcy court drops the bar on hotel property values
(DBN)

______________

Boating:

Jacobs a target in Genmar suits
(DBN)

______________

Food/Beverage:

Friendly's, Burger King Join Forces
(DBN)

Friendly's back on firmer ground
(DBN)

Produce sellers among buffet chain creditors
(DBN)

NYC's H&H Bagels evicted from last site
(DBN)

______________

Lehman:

Lehman May Give Creditors $8.1 Billion to $10.7 Billion
(DBN)

______________

Financial Planners:

CFP Board must not go soft on bankruptcy
(DBN)

______________

Health Care:

Hospitals fight to hold on to independence
(DBN)

Cooper Green Mercy Hospital $1 million behind in unpaid bills
(DBN)

Antibiotics Powerless Against New Germs
(DBN)

______________

Celebs:

Camille Grammer Gushes About ‘Wonderful’ Bankruptcy Lawyer Boyfriend Dmitri Charalambopoulos
(DBN)

A Billionaire's Estate Goes to Auction
(DBN)

Lee Hendrie declared bankrupt
(DBN)

Kendrell Bell Accuses Jim Donnan Of Luring Him Into Ponzi Scheme
(DBN)

The Broke and the Beautiful: Oscars Edition
(DBN)

______________

Mass Torts:

Opening Remarks, Asbestos Bankruptcy Trusts – A Point/Counter-Point Policy Discussion --- James L. Stengel Opening Remarks, Asbestos Bankruptcy Trusts -- Nathan D. Finch Opening Remarks, Asbestos Bankruptcy Trusts --- Rebuttal by James L. Stengel, Asbestos Bankruptcy Trusts --- Rebuttal by Nathan D. Finch, Asbestos Bankruptcy Trusts --- Question and Answer Session, Asbestos Bankruptcy Trusts
(DBN)

Judge tells asbestos firm to hand over documents in fraud case ‎
(DBN)

Ohio House passes bill targeting asbestos trusts
(DBN)

Company seeks asbestos liability limit in Idaho ‎
(DBN)

Don Weber wants to change the courthouse climate in Madison County
(DBN)

Was Famous Coach, Joe Paterno, a Victim of Asbestos
(DBN)

_____________

Credit/Debit Cards:

Card Debt Falls Last Year, Credit Scores Too
(DBN)

______________

Golf:

Golfers still can tee up at Trinitas
(DBN)

______________

Accounting:

Don't blame auditors alone for frauds: PwC
(DBN)

______________

Debt Collection:

Mixed Results For Lawsuits Against Collection Agencies, Creditors
(DBN)

______________

Credit Counseling:

North Carolina AG Bans Law Firm From Debt-Relief Work
(DBN)

______________

Newspapers:

Hedger pausing on print
(DBN)

US Falls to 47th Place in Press Freedoms
(DBN)

______________

Distressed Investing:

Debtwire Releases the Seventh Annual North American Distressed Debt Market Outlook
(DBN)

______________

Protests:

Oakland Police Arrest 300 Occupy Protesters
(DBN)

______________

Trucking:

Class 8 Truck Orders Rose 71.7% in 2011
(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)

______________

Miscellaneous:

Madoff, Ener1, Dynegy, Hostess, PMI, Syms, Shaw
(DBN)

Rochelle on Kodak, WaMu Bankruptcies, Mohegan Sun
(DBN)

Bankruptcy Week Ahead
(DBN)

______________

Bankruptcy Statistics:

Fewer bankruptcy filings no cause for celebration
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Claims Trading:

Lehman Debt Dominates Bankruptcy Trading
(DBN)

______________

Bankruptcy Litigation:

Irwin Jacobs, insiders challenge clawback suits in Genmar bankruptcy
(DBN)

______________

Bankruptcy Crimes:

Shreveport Police Officer Indicted For Bankruptcy Fraud --- Placed on leave after indictment
(DBN)

______________

Plan Confirmation:

The 'Per-Debtor' Interpretation of Chapter 11: A closer look at the Tribune Company bankruptcy
(DBN)

______________

Avoidance Actions:

SDNY Bankruptcy Court Holds Fraudulent Conveyance Recovery Not Limited to Value of Creditor Claims, But Confirms Some Limits
(DBN)

______________

Corporate Governance:

New York appellate court holds that a dissolved corporation cannot wind up its affairs indefinitely
(DBN)

______________

Compensation:

CEOs rake in huge sums when their companies go bankrupt
(DBN)

______________

Banking:

Wells Fargo wins OK of $75 million Wachovia settlement
(DBN)

Banks to Use Social Media Data For Loans And Pricing
(DBN)

______________

Baseball:

Dodgers bidders list narrowed
(DBN)

South Korean firm among bidders for L.A. Dodgers: report
(DBN)

______________

Oil/Gas:

Swiss firm Petroplus to sell French refinery
(DBN)

______________

Politics:

Wall Street Political Donations Jump 700 Percent Over Two Decades
(DBN)

______________

MF Global:

Sen. Roberts challenges Gensler on MF Global
(DBN)

Baucus, MT farmers want answers over lost money
(DBN)

MF Global ex-risk chief to testify before Congress
(DBN)

MF Global to return £778m to clients
(DBN)

Ratings agencies quizzed over MF Global
(DBN)

MF Global Official to Testify Before Congress
(DBN)

MF Global Money 'Vaporized'
(DBN)

______________

Religion:

Church Abuse Defense Leads To Clash With The Faithful ‎
(DBN)

George looking to Wall Street to shore up archdiocese
(DBN)

Trial date set for Bishop Finn
(DBN)

Charged monsignor now pointing fingers in Philly church sex abuse
(DBN)

Scott continues to defend abbey online
(DBN)

Self-proclaimed monk surfaces
(DBN)

______________

Autos:

The GM & Chrysler Success
(DBN)

Why GM Is a Lousy Model for Economic Revival
(DBN)

The Problem with Ford Isn't Ford
(DBN)

Five possible buyers for bankrupt Saab: administrator
(DBN)

Sweden repays bankrupt Saab's EIB loan
(DBN)

______________

Corporate Reform:

Preparing for Whistleblowers Under Dodd-Frank
(DBN)

Cold Shoulder
(DBN)

______________

Cross-Border:

Cross Border Restructuring and Insolvency Update - January 2012
(DBN)

______________

UK:

The Welsh Economy Slips, but London Cushions the Fall
(DBN)

______________

EU:

Euro Zone Money Supply Offers Grim News
(DBN)

Fitch Cuts Ratings of Five EU Countries
(DBN)

European shares fall as banks hit by Greece fears
(DBN)

EU leaders to seek ways to boost growth and jobs, but Greek crisis looms in background
(DBN)

Merkel Faces Backlash Over EU Pact
(DBN)

Sarkozy to Raise Sales Tax, Announces Other Moves
(DBN)

Long-term investors go bargain-hunting in Europe ‎
(DBN)

Top German economist calls for ECB to join Greek haircut
(DBN)

______________

PIIGS:

Germans Float Direct EU Control Over Greek Budget --- Vee Haf Vays Uf Making You Pay! --- Anger in Greece about EU move for veto over its spending plans --- Greece rejects German plan for eurozone overseer --- 'Impossible' German plan --- Greek Gunboat Diplomacy --- Germany's Greek Proposal: A Blueprint For The Eurozone
(DBN)

Greek premier meets with party leaders backing coalition government over talks
(DBN)

The Crisis of Fake Constraints: Greek Denouement Eupdate
(DBN)

Greek Debt Talks Risk Derailing EU Summit Plan
(DBN)

Greek officials conclude meeting about creditors
(DBN)

Nightmare of disorderly default focuses minds on Greece
(DBN)

Greece, creditors on verge of clinching debt deal --- Private investors near deal
(DBN)

Greek PM tries to win backing from parties for reforms --- 'Total' consensus on Greek austerity drive --- Papademos says parties agree on reforms, measures
(DBN)

Greeks grow weary of austerity measures --- Greek Coalition Is Said to Back More Austerity
(DBN)

Greece could run out of money within weeks
(DBN)

We’re on the brink, warns Greece ahead of summit
(DBN)

Civil servants under constant evaluation
(DBN)

House prices set for a decline of some 15 pct
(DBN)

ie: Half-baked insolvency law lacks vital ingredients
(DBN)

Some rich Irish still live life with a bang!
(DBN)

Sean Quinn: the cautionary tale of a bankrupt billionaire
(DBN)

Portugal: Poor President
(DBN)

Italy bonds under pressure before auction
(DBN)

Spain Economy Shrinks, Taking It to Edge of Second Recession --- In New High, Spain's Jobless Rate Nears 23%
(DBN)

______________

Germany:

Unilever resumes deliveries to insolvent Schlecker
(DBN)

______________

Hungary:

Budapest Public Transport Co. Fights Looming Bankruptcy With Executive Bonuses, Strike Threats
(DBN)

Dead or Alive – Liquidation or Restructuring under the Hungarian Insolvency Law?
(DBN)

______________

Japan:

Japan's stricken nuclear operator set for $13 bln bailout
(DBN)

______________

Latin America:

Working Class Uprising in Latin America
(DBN)

______________

MENA:

Syria: Activists Report Terrifying Massacre
(DBN)

______________

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