January 4, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Who’s Still Waiting for Their Bonus Announcement?
(DBN)

31 Percent of Lawyers Surveyed Expect to Make Legal Hires in the Next Three Months
(DBN)

Pennsylvania Firms Poach Whole Practice Groups and Small Firms in 2011
(DBN)

IBM General Counsel Robert Weber on Nonlawyer Firm Ownership
(DBN)

MoFo Names New Bankruptcy Partner
(DBN)

Hogan Lovells names new bankruptcy partner
(DBN)

Milbank, Tweed touts tapping Orthodox Jewish woman as partner
(DBN)

Anti-Catholic slur lawyer goes to court today
(DBN)

Partner Retires from BigLaw to Write Novel, Chooses Progeny over Lucre --- Dramatic Departure Memo
(DBN)

Chevron v Commercial Litigation Investors
(DBN)

Survey: General Counsel Wish For More Proactive Role at Corporations in 2012
(DBN)

Partner Playtime: Lawyer by Day, Roller Derby Diva by Night
(DBN)

Best (and Worst)Jobs for the Money
(DBN)

Investors in Ponzi scheme sue Proskauer Rose, Chadbourne & Parke
(DBN)

HSH Nordbank, Credit Suisse, Madoff, GE in Court News
(DBN)

JPMorgan, WJB Capital, BP, Stanford, Exxon in Court News
(DBN)

Survey Results: All I Want for Christmas Is to Get Out of Debt
(DBN)

Political Discrimination Suit Against Former Dean to Go to Trial, says Appeals Court
(DBN)

Hanging a Shingle: How to Start Your Own Law Practice
(DBN)

Carolyn Elefant Teaches Us How to Go Solo
(DBN)

The Document Review Rabble Rouser
(DBN)

iPad Mania Aside, Tablets Are Inefficient Work Devices for Lawyers
(DBN)

NBC's 'The Firm' takes John Grisham's best-seller to the airwaves
(DBN)

Disgraced journalist makes his case to Calif court --- Hires High-Profile Appellate Team
(DBN)

Woman takes unique road to sue Honda over mileage
(DBN)

The 10 Most Ridiculous Lawsuits of 2011
(DBN)

Lawyer who aided inmates in jail break disbarred
(DBN)

Car Seat Sensors Scan Your Butt To Protect Vehicle From Theft
(DBN)

Police: Girlfriend's Daughter Left Behind by Thief
(DBN)

Woman Blames Drunk Kickball League for Her Broken Clavicle
(DBN)

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Judges:

Accountability on the Supreme Court
(DBN)

A Federal Judge Responds Defiantly to Chief Justice Roberts
(DBN)

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Wall Street:

US stock index futures signal mixed open
(DBN)

U.S. Stocks Rally on Manufacturing Growth
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Governance:

Kodak: Board Members Beware - Zone of Insolvency
(DBN)

How to Build Trust Between Corporate Boards and Shareholders
(DBN)

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Food/Beverage:

Michael's Fresh Market files for bankruptcy
(DBN)

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Tourism:

Tour bus operator Coach America files bankruptcy --- JPMorgan Leads DIP Loan
(DBN)

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MF Global:

MF Global U.K. Staff May Not Get Pledged Bonuses
(DBN)

Fidelity, Och-Ziff Seek Stiffer Collateral Rule Before CFTC Vote
(DBN)

MF Global sold assets to Goldman before collapse
(DBN)

MF Global likely to avoid criminal charges
(DBN)

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Ethanol:

Southwest Georgia Ethanol plant out of bankruptcy
(DBN)

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Retailing:

Does Patrick Byrne's Overstock.com Face Bankruptcy In 2012?
(DBN)

Twin Peaks bankruptcy sale postponed
(DBN)

How Gap Came Apart At The Seams
(DBN)

A Best Buy Manager Thinks That The 3,000 Employees Running Its Customer Service Twitter Account Can't Be Trusted
(DBN)

Tiffany's Is The No. 1 US Luxury Retailer Likely To Get Slammed In 2012
(DBN)

The Sears Turnaround Strategy Looks A Lot Like JC Penney's
(DBN)

Online Sales Buoy U.P.S . And FedEx
(DBN)

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Baseball:

Owner of LaGrave Field files for bankruptcy protection
(DBN)

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Celebs:

Pilot files claim in Martino bankruptcy, saying plane that crashed was modified
(DBN)

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Autos:

Dealer holds a fire sale to clear out Saab stockpile ‎
(DBN)

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Religion:

Pressure increases on Dutch Catholic Church after scathing report on abuse
(DBN)

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Pensions:

Retirees must repay millions to Ore. state pension
(DBN)

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Economy:

Fed to Make Benchmark Rate Forecasts Public
(DBN)

US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP, $14 Billion From Breaching Debt Ceiling
(DBN)

Private construction spending at highest level in nearly 2 years
(DBN)

US manufacturing activity rises at fastest pace in 6 months
(DBN)

Business owners, stock market upbeat about 2012, others unsure
(DBN)

World Food Prices Will Probably Decline This Year, UN Says
(DBN)

US Financial Sector Key to Recovery
(DBN)

Fact Check: John Boehner says the Social Security trust fund faces imminent bankruptcy. Not quite
(DBN)

The Middle Class Is Dying Right In Front Of Our Eyes
(DBN)

Glimpse of Recovery Spotted in Equipment Sales
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Construction Spending in US Climbs 1.2%, More Than Forecast
(DBN)

S&P: Home prices back to 2001 levels
(DBN)

Demand For Mortgages Falls By 4. 1%
(DBN)

Late foreclosure filing not grounds for dismissal, N.Y. court says
(DBN)

ResCap Bonds Rise After Report Ally Rules Out Bankruptcy
(DBN)

NY court keeps burden of proof lower in MBIA v. BofA case
(DBN)

Principal Write-Down Pilot Program in Massachusetts
(DBN)

JPMorgan, EMC Mortgage sued for $95 million
(DBN)

Developer of Modesto's Dale Road plan files for bankruptcy
(DBN)

Summer View set for plan hearing
(DBN)

Delinquencies In Freddie Mac Portfolio Rise Again
(DBN)

Grubb & Ellis sees a slow recovery in commercial real estate
(DBN)

_____________

Banking:

Banks start 2012 with a bang. Why?
(DBN)

Huge Miss Looms For Bank Of America's 4th Quarter
(DBN)

Bank of America severing some small-business credit lines
(DBN)

Is Bank of America gouging small businesses?
(DBN)

FDIC inspector general to study bank failures, examiners
(DBN)

Customers Disturbed After Wells Fargo Bank Left Unlocked -- For 48 Hours!
(DBN)

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Municipalities:

Harrisburg City Council to pay bankruptcy attorney Mark Schwartz partial payment
(DBN)

Washington Communities Weigh Sales Tax to Fix $41.8 Million Arena Default
(DBN)

Hard Times Waning as Recovery May Bring Bonuses to South Dakota
(DBN)

The Southern U.S. States Experiencing An Economic Renaissance
(DBN)

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Aviation:

Local leaders vow to support American Airlines
(DBN)

______________

Tax:

Hundreds of Prisoners Registered as Income Tax Preparers, Audit Finds
(DBN)

3 Swiss Bankers Accused of Helping Taxpayers Cheat the IRS
(DBN)

The IRS-Swiss Banker Arrests Everyone's Been Waiting For
(DBN)

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Mass Torts:

Man names 199 defendants in asbestos suit
(DBN)

Mississippi Court Reverses $322 Million Asbestos Verdict
(DBN)

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Fraud:

Key Witness, Ex-Le-Nature Exec Face Sentencing --- Former exec gets 15 years
(DBN)

Rajat Gupta Seeks to Have Some Insider-Trading Counts Thrown Out
(DBN)

AseraCare Hospice Accused by U.S. of Defrauding Medicare
(DBN)

SEC charges Life Partners with accounting fraud
(DBN)

______________

Aviation:

American Airlines Says It Plans to Keep 19 Planes With $10.2 Million Owed
(DBN)

Chinese Cargo Airline Suspends Service, Cites Weak Demand
(DBN)

______________

Photography:

Kodak Faces Possible NYSE Delisting On Low Stock Price
(DBN)

Offer to buy Kodak ruled bogus
(DBN)

______________

Lehman:

JPMorgan May Know Soon If Lehman Lawsuit Will Be Dismissed
(DBN)

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Politics:

Democratic U.S. Senate challenger Elizabeth Warren comes out swinging at town hall discussion
(DBN)

Rick Santorum's Tax Plan Would Blow A Huge Hole In The Budget
(DBN)

Victory in hand, Romney looks to NH --- Wins Iowa caucus by 8 votes
(DBN)

Congressional Gulf
(DBN)

______________

Glass:

Vitro challenges injunction in US Circuit Court of Appeals
(DBN)

______________

Debt Collection:

Maryland Courts Require More Proof in Debt Collection Cases, Ringing in Some Debt Collection Cheer
(DBN)

______________

Utilities:

Court approves Market Street sale
(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:

Dynegy, AES, Vitro, , Getty, Madoff, Lyon: Bankruptcy
(DBN)

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Bankruptcy Statistics:

Bankruptcies 2012: Many more are coming
(DBN)

Dayton's Top 10 biggest bankruptcies of 2011
(DBN)

Portland's largest bankruptcies of 2011
(DBN)

NH bankruptcies fell 13.8% in 2011
(DBN)

Albany court bankruptcy filings fell in quarter
(DBN)

Toledo-area bankruptcy filings fall
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

Anna's Revenge, Episode I
(DBN)

______________

Plan Confirmation:

The Law of Unintended Consequences: Competing Plans in the Post-BAPCPA World
(DBN)

______________

Claim Priority:

Recent Bankruptcy Court Decision Finds Control Liability Claim Ranks Pari Passu With Claims Of Other Unsecured Creditors
(DBN)

______________

Proofs of Claim:

Signing a Proof of Claim May Trigger Attorney Disqualification
(DBN)

______________

Bankruptcy Remoteness:

Courts Look Closer at Bankruptcy Remote Financing Deals and Find They May be Lacking
(DBN)

______________

NDAs:

Nondisclosure agreements in due diligence
(DBN)

______________

Insurance:

New York becomes the 18th state to enact legislation addressing the treatment of qualified financial contracts under insurance insolvencies
(DBN)

______________

Accounting:

PwC expects 30,000 applicants for 1,200 graduate roles
(DBN)

______________

Corporate Reform:

Obama Considering Cordray Recess Appointment
(DBN)

Wall Street's Big Swingers Get Biggest Breaks
(DBN)

______________

Television:

Plum TV Files For Chapter 11 Bankruptcy Protection
(DBN)

______________

Brokers:

WJB Faced 25% Interest on Some Debt Ahead of Brokerage Shutdown
(DBN)

______________

UK:

Young's to cut 555 jobs at Cumbrian
(DBN)

CBI warns of “no quick fixes” for UK economy
(DBN)

England Sees Collapse in Workplace Pensions
(DBN)

Appointment of Administrators - 3 January 2012
(DBN)

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EU:

Euro-Area Inflation Slows, Giving ECB Room
(DBN)

Jobless data show twin-speed Europe
(DBN)

Eurozone Manufacturing Falls for Fifth Month
(DBN)

Juncker Admits Europe Is On The Brink Of Recession
(DBN)

______________

PIIGS:

Spanish Unemployment Rises for Fifth Straight Month as Economy Contracts
(DBN)

Spain Warns Deficit Could Grow
(DBN)

Greek PM to meet with labor union, business reps
(DBN)

Greece: No second bailout, no euro --- PM's mission list growing
(DBN)

Brussels urges PSI talks completion
(DBN)

Millions in Greece living in poverty zone
(DBN)

Greece’s Least Bad Recovery Option Looks to Be Internal Devaluation
(DBN)

Irish house prices plunged 18% last year
(DBN)

______________

Germany:

Germany's unemployment rate at record low in December --- Unadjusted unemployment rate edges up in December, but average rate for year falls --- German economy in fighting form
(DBN)

_____________

Canada:

Timminco files for bankruptcy restructuring
(DBN)

Protecting Employee Wages in Insolvency: Canada Amends the Wage Earner Protection Program Act
(DBN)

______________

China:

China: the vultures are coming
(DBN)

Chinese Billionaire Dies after Eating Poisoned Cat Stew
(DBN)

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