January 6, 2012

The Daily Bankruptcy News

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Law:

Stanford Investors Sue Proskauer, Chadbourne and Ex-Partner Sjoblom in Texas State Court --- Class Claims Attorney Abetted Stanford Ponzi
(DBN)

American Bar Association head has little sympathy for jobless lawyers --- It’s Your Own Fault If You’re Poor and Unemployed --- Exhibit A
(DBN)

Arrest Warrant Issued For Minn. Bankruptcy Lawyer Who Wrote Court Memo Calling Judges 'Bigoted Catholic Beasts'
(DBN)

Chancellor Strine’s $300 Million Fee Award: In His Own Words
(DBN)

A ‘Global’ Firm, Based in Canada
(DBN)

In Europe, Debt Crisis Raises Questions about Regulating Lawyers
(DBN)

Florida Foreclosure Lawyer Stern Sued by DJSP Enterprises
(DBN)

Andrews Kurth Raises Base Salaries for Some Associates
(DBN)

Kirkland & Ellis raises NQ lawyer salary to £97,000
(DBN)

Glamorous Solicitor of 2011 Revealed
(DBN)

New BEA Data Showing Legal Sector Grew 2.3 Percent in 2010 No Reason to Celebrate
(DBN)

Firms Need to Offer More Than Legal Expertise to Win Clients In 2012, Experts Say
(DBN)

ATL’s 2011 Lawyer of the Year: The Winner!
(DBN)

Lawyer of the Day: Alleged Death Threats Put Attorney on Ice
(DBN)

American Bar Association head has little sympathy for jobless lawyers
(DBN)

Bankruptcy Attorney Mark B. Joachim Joins Arent Fox
(DBN)

Texas Lawyer Honored for Unconventional Brief
(DBN)

Oy Vey! Milbank Tweed Erroneously Touts ‘Only Orthodox Jewish Woman Partner’ in Biglaw
(DBN)

Appeals court faults attorney who billed clients for escort services, p---
(DBN)

Sullivan & Cromwell lawyer sued for libel by racehorse charity
(DBN)

Akin Gump Partner Apparently Sets World Record For Marathons on 67th Birthday
(DBN)

Ex-Goldman Director Gupta, Wells Fargo, Bayer, SK in Court News
(DBN)

Marketing 2.0 - Part 1
(DBN)

Why Boys Still Rule
(DBN)

In-House: Learning Who To Hate
(DBN)

Let’s Implement Five-Day Weekends at Small Firms (Or at Least Respect the Two)
(DBN)

Tips for Partners Wanting to Switch Firms
(DBN)

A crusading lawyer helped Ecuadorans secure a huge environmental judgment against Chevron. But did he go too far?
(DBN)

Stop Online Piracy Act Wants Biglaw Support; Biglaw Says, ‘Aw, Hell No’
(DBN)

DIY Legal Website Rocket Lawyer Raises $29M in 6 Months
(DBN)

Indy Lawyers Prepare For Super Bowl’s Impact
(DBN)

Lawsuit To Determine If Dogs Have Souls
(DBN)

Pepsi Says Mountain Dew Can Dissolve Mouse Carcasses
(DBN)

Attorney faces new charges - Defense: I was on crystal meth
(DBN)

Well-Planned Ocean's 11-Style Bank Heist Nets $70
(DBN)

Woman, shot in eye, insists on finishing beer
(DBN)

Zimbabwe's "female rapists"
(DBN)

Lawyers to compete in ice swimming championships
(DBN)

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Judges:

Group Opposing Citizens United Pushes ‘Occupy the Courts’ Protest
(DBN)

A Year Later, Moves to Overturn Citizens United
(DBN)

The Big Apple Lashes Out over Citizens United Decision
(DBN)

Judicial Ethics and the Supreme Court
(DBN)

Rick Santorum Jokes About Sending Ninth Circuit Judges To Guam
(DBN)

Foul-mouthed judge resigns rather than face the music
(DBN)

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Wall Street:

Stock futures signal higher Wall St open
(DBN)

Wall Street buoyed by rallying bank shares
(DBN)

Stocks Finish Mixed Ahead of Jobs Report
(DBN)

Dow flat, other stock indexes up as investors eye Europe --- Dow's Drop Is First in New Year
(DBN)

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Layoffs:

Data Indicates Job Market Is Strengthening
(DBN)

New Jobless Claims Fall by 15,000
(DBN)

President Plans To Cut 500,000 troops
(DBN)

Gallup Finds U.S. Unemployment Holding at 8.5% in December
(DBN)

The 200,000 Layoffs That Rocked Investment Bankers In 2011
(DBN)

Jobs Number Should Be Good but Is It Downhill From Here?
(DBN)

Why You Should Question The Jobs Report
(DBN)

Hundreds of Miami-Dade officer layoffs
(DBN)

PepsiCo may slash over 4,000 jobs to boost earnings
(DBN)

Why private equity funds don't keep track of jobs they create or destroy
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Tax:

IRS contacts 1 in 8 millionaires seeking extra taxes, just 1 in 100 earning under $200K yearly
(DBN)

Jackson Hewitt Hosts a Dance Party
(DBN)

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Newspapers:

Judge approves Lee's financing during bankruptcy
(DBN)

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Aviation:

AMR's American Says Air Traffic Fell 0.9% After Bankruptcy
(DBN)

One American retiree's plea to the bankruptcy court and AMR CEO Horton
(DBN)

Airline Rankings: Best and Worst for Customer Service in 2011
(DBN)

United-Continental, US Airways, Delta add Europe surcharge
(DBN)

Kingfisher Air Falls as India Seeks ‘Firm’ Recovery Timeline
(DBN)

JAL's Huge IPO May Face Bumpy Skies
(DBN)

Things You Can't Do on a Plane: Vol. 10
(DBN)

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Religion:

Alleged monk files for bankruptcy in Iowa
(DBN)

CA court mulls window for old clergy abuse claims
(DBN)

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Construction:

Cox & Schepp files for bankruptcy protection
(DBN)

______________

Defaults:

More 2011 Defaults Due to Missed Payments than Bankruptcies
(DBN)

______________

Lehman:

Lehman, Banks Spar Over Sale Of Archstone Stake To Zell --- Lehman Seeks to Pay $2.6 Billion
(DBN)

Lehman Brothers asks bankruptcy court to block Archstone deal
(DBN)

Valukas Named A 2011 “Litigator of the Year”
(DBN)

______________

Mass Torts:

Louisiana: Payments for Gulf Spill Resume
(DBN)

______________

Telecoms:

A New 1%: Top 1% of Mobile Users Consume Half of World's Bandwidth, and Gap Is Growing
(DBN - NY Times - Paywall Limit Possible)

______________

Health Care:

Doctors going broke
(DBN)

WA: Hospital staff sees pay cuts this New Year
(DBN)

HI: HMC Closes Patient Care, More Layoffs Imminent
(DBN)

______________

Compensation:

A CEO you probably never heard of made $145 million last year
(DBN)

______________

Shipping:

Asia Europe Spot Rates Jump 30.3%
(DBN)

______________

Corporate Governance:

Activist Investors To Keep Boards Honest?
(DBN)

______________

Economy:

48% of the World's 1% Are Americans
(DBN)

Manufacturing Is Surprising Bright Spot in U.S. Economy
(DBN)

Household Income Creeping Up
(DBN)

It's a Man vs. Machine Recovery
(DBN)

U.S. Company Payrolls Expanded by a More-Than-Estimated 325,000, ADP Says
(DBN)

Opportunity in America: One Campaign Fight Worth Waging --- What Land of Opportunity?
(DBN)

IMF to Cut Growth Forecasts on Debt Crisis, Lagarde Says
(DBN)

Americans: Why We're Addicted to Spending
(DBN)

Sheryl Sandberg Might Soon Be One Of The World's Richest Self-Made Women
(DBN)

So much for Obama's 2008 vow to raise the federal minimum wage to $9.50
(DBN)

Seven Myths About Millionaires
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Mortgage-Bond Market Roiled as Bernanke Report Fuels Speculation
(DBN)

Of course upward mobility is the problem; we're stuck in our homes
(DBN)

Mortgage servicer's improper move on home gets $50,000 rebuke from bankruptcy judge
(DBN)

Wells Fargo in the crosshairs of mortgage-bond investors --- Gibbs & Bruns wants review of $19 billion RMBS issued by Wells Fargo
(DBN)

Capital One Faces Suit Over Short Sales
(DBN)

One-third of first-time home buyers got financial help from their parents
(DBN)

US Becoming a Nation of Renters
(DBN)

Treasury not ruling out changes in last year of HAMP
(DBN)

Freddie cuts some refi credit score requirements
(DBN)

Federal Reserve: Here's How Fannie And Freddie Are Hurting The Housing Market
(DBN)

Rush Limbaugh, Mortgage Analyst?
(DBN)

Five Issues for Housing in 2012
(DBN)

Fitch reports burgeoning CMBS market searching for balance
(DBN)

_____________

Banking:

BofA Defends $1.75 Billion Claim Over Colonial Bank Deals
(DBN)

Bank of America: Mortgage Rumor Winner
(DBN)

BofA Profit Estimates Cut by Citigroup, KBW
(DBN)

How Banks Are Fueling the Next Crash
(DBN)

Large Banks Still Uncertain on the Economy
(DBN)

12 Creepy Stories Of Psychotic Banker Behavior
(DBN)

______________

Photography:

Kodak makes moves to stave it off --- When Blue Chips Go Bust --- 19,000 jobs at risk
(DBN)

Kodak CEO should speak more candidly about company's future
(DBN)

How Kodak might emerge from bankruptcy
(DBN)

What Killed Kodak? --- How Smartphones Killed Kodak
(DBN)

History Of Kodak In Infographic In Milestones
(DBN)

Kodak's debt rating lowered by Moody's on bankruptcy concerns
(DBN)

Analyst Actually Thinks Kodak's Stock Will Rise Over 400%
(DBN)

Kodak's credit rating cut by Moody's
(DBN)

Kodak won't be the last digital-photo victim
(DBN)

______________

Municipalities:

JeffCo can break courthouse leases
(DBN)

Alabama Sheriff Can't Halt Lawsuits, Bankruptcy Judge Rules
(DBN)

With at least 114 lawyers on the case, the nation's largest-ever government bankruptcy is almost certain to also be one of the most expensive
(DBN)

Madison County court stops $5 million judgment collection, Gurley bankruptcy averted for now
(DBN)

RI Gov., mayors say state must help cities now
(DBN)

Brown Seeks 7% California Spending Boost
(DBN)

Bing: Detroit won't run out of cash in April — thanks to cuts, more revenue
(DBN)

______________

Food/Drink:

Delta blames retailer in bankruptcy case
(DBN)

______________

Fraud:

Madoff trustee sues Calif AG, wins feeder fund case --- Judge culls Madoff feeder-fund investors
(DBN)

Judge to Madoff investors: Tough luck
(DBN)

SEC Sues Life Partners for Defrauding Shareholders
(DBN)

U.S. Says Gupta Told Rajaratnam About Procter & Gamble Unit Sale
(DBN)

Rajat Gupta's Lawyers Are Trying 3 Strategies To Make Sure He Doesn't End Up Rooming With Raj
(DBN)

U.S. judge unlikely to toss Rajat Gupta insider trial tapes
(DBN)

Gupta & Rajaratnam: Prosecution can't have it both ways
(DBN)

Stanford’s Defense Experts Paid, Told by Court to Keep Preparing for Trial
(DBN)

Now Rothstein Has Ruined Another Thing I Love.
(DBN)

Woodford to sue Olympus over firing, drops leadership
(DBN)

Jack Abramoff's Second Act: Ethics Guru
(DBN)

______________

Storytelling:

ISC bankruptcy plan involves surrendering building
(DBN)

______________

Utilities:

AES has buyer for NY plants
(DBN)

______________

Consultants:

Tips for Advisers At Bankrupt Firms
(DBN)

New York Mets Hire Turnaround Company CRG Partners
(DBN)

______________

Baseball:

Mets Hire Turnaround Consultants, Put Bankruptcy On Table? --- Say consultant not bankruptcy signal
(DBN)

Torre, Caruso join to bid for Dodgers
(DBN)

______________

Corporate Reform:

Obama’s Consumer Watchdog Targets Mortgage Firms, Payday Lenders
(DBN)

Obama to visit new consumer agency
(DBN)

Why Are Republicans Fighting a Risky Battle Over Cordray?
(DBN)

Obama consumer chief decision under a legal cloud
(DBN)

White House mum over recess appointment legal advice
(DBN)

Cordray: Politics Won't Stop Consumer Agency
(DBN)

Cordray Appointment Signals Obama’s Readiness to Campaign Against Congress
(DBN)

Another Wrinkle in Obama’s Recess Appointments
(DBN)

CFPB Head Richard Cordray Revealed Who He Blames For The Financial Crises At His Talk Today
(DBN)

Consumer agency to target shadow banks
(DBN)

Richard Cordray's Controversial Appointment Could Be Big News For The Housing Market
(DBN)

Cordray announces leadership appointments at CFPB
(DBN)

CFPB explains what nonbank supervision will look like
(DBN)

Hey Wall Street, Pay Up!
(DBN)

______________

Oil/Gas:

US Refiners May Profit From Petroplus Woes
(DBN)

Petroplus crisis deepens as all credit lines frozen
(DBN)

Petroplus in rescue talks with unnamed oil group
(DBN)

______________

Politics:

Warren Rallies Her Base, Brown Upsets His
(DBN)

Ron Paul and the Banks
(DBN)

Paul Krugman's Affirmative Action for Romney and the Republicans
(DBN)

Romney's Tax Plan Great for Rich, Jumps Deficits
(DBN)

Conservatives: Anyone but Romney
(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)

______________

Miscellaneous:

Madoff, Coach America, Ambac, Real Mex, Windstar
(DBN)

L.A. Dodgers, MF Global, Hooters, Penn Camera
(DBN)

WaMu, Statistics, Coach America, Transwest, SP
(DBN)

Rochelle on Bankruptcy Statistics, Coach America, WaMu
(DBN)

These Famous Brands Will Disappear In 2012
(DBN)

______________

Bankruptcy Statistics:

Florida bankruptcies fall for first time in six years
(DBN)

Seattle area bankruptcies decline 28.7 percent
(DBN)

Bankruptcy filings in 2011 decline in Kansas, Western Missouri
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Automatic Stay:

Aggressive Creditors: Go Overboard, And You May Find Yourself Walking the Plank
(DBN)

______________

Avoidance Actions:

Double counting new value—a new ruling increases the value of the new value defense for creditors
(DBN)

______________

MF Global:

On Eve of $41 Billion MF Global Bankruptcy Filing, Jon Corzine Was Château Shopping in France --- Because David Tepper Tore Down His Old Mansion
(DBN)

Congress Investigates Role of S&P, Moody's in MF Global Failure
(DBN)

KPMG plans timely return of MF Global assets
(DBN)

MF Global Trustee Tussles With Regulators
(DBN)

______________

Insurance:

Safe harbors for derivatives transactions in New York insurance insolvency proceedings
(DBN)

______________

Hate:

White supremacists hate themselves into bankruptcy
(DBN)

______________

Accounting:

Judge orders Deloitte to respond in SEC case
(DBN)

KPMG Quits as China Forestry Auditor, Deepening Concerns About Accounting
(DBN)

PwC Fined $2.17 Million by U.K. Regulator Over JPMorgan Client-Money Audit
(DBN)

______________

Finance:

There's A Revolution Coming In Global Finance
(DBN)

______________

Hedge Funds:

Hedge Funds Fell 4.9% in 2011 as Europe Debt Crisis Hurt Global Stocks
(DBN)

______________

Retailing:

Could Best Buy be Headed for Bankruptcy
(DBN)

Court Enters Order Restricting Trading in Stock or Options of Syms Corp.
(DBN)

Hilco Trading wins auction to liquidate RoomStore inventory
(DBN)

______________

Buses:

Coach America Holdings Inc. Receives Court Approval of First Day Motions
(DBN)

______________

Defense:

Obama: US Can No Longer Fight the World's Battles
(DBN)

______________

Autos:

Chrysler to add 1100 workers at Detroit plant
(DBN)

______________

Steel:

Norgate forges Chapter 15 petition
(DBN)

______________

Small Business:

SBA Loans Reach Record Level in Fiscal 2011
(DBN)

______________

Sovereigns:

The Danger Debt Poses to the Western World
(DBN)

______________

UK:

The Real Reason The British Prime Minister Is Desperately Trying To Protect London's Wall Street
(DBN)

Blacks Leisure sale to follow administration
(DBN)

Cameron says UK wants full say on EU single market
(DBN)

______________

EU:

Euro zone doubts resurface --- 'No clear end in sight'
(DBN)

Borrowing to Stay Afloat : Can Europe Pull It Off ?
(DBN)

Euro-Area Economic Confidence at Two-Year Low on Debt Crisis
(DBN)

Eurozone unemployment hits new record
(DBN)

Major Drop In German Factory Orders
(DBN)

Germany Is Biggest Obstacle to Raising Emergency Fund, Knot Says
(DBN)

Noyer Says Euro Is Very Strong and an 'Irreversible Choice'
(DBN)

IMF's Lagarde : euro likely to survive 2012
(DBN)

European Banks Face More Pressure to Shed Government Debt
(DBN)

European Debt Crisis Ravaging Retail Sales
(DBN)

What Happened to the ECB's Heroic Intervention?
(DBN)

Euro plunges on fears of banking crisis
(DBN)

Hungary at Risk of State Bankruptcy --- The good, the bad, and the conditionality --- Pledges Compromise on IMF Loan
(DBN)

European Insolvency Claims Trading: Is Iceland the Paradigm?
(DBN)

______________

PIIGS:

Italy PM Monti takes stability message to Europe --- Italian Yields Headed Up Again
(DBN)

A Raid On A Luxury Ski Resort Has Uncovered The True Scale Of Tax Evasion In Italy
(DBN)

UniCredit to sell shares at big discount --- Spiraling Lower Again Today
(DBN)

Spain's Debt Problems More Worrisome Than Italy's --- Every Single Economic Indicator Looks Disastrous --- Why Spain May Be More Worrisome Than Italy
(DBN)

Greece moves towards debt deal
(DBN)

Greece's euro ultimatum
(DBN)

How A Computer Scientist Tried To Save Greece
(DBN)

Disappointing signs on Greek deficit
(DBN)

Next 5 Billion Euro Tranche to be Paid to Greece in March
(DBN)

Greek Pension Deadlock Unresolved After Meeting, ANA Says
(DBN)

The Back Door, the Vested Interests, and Why Greeks Can’t Trust Their Media
(DBN)

Greece's Extortion Racket Maxed Out
(DBN)

RTL exits Greece
(DBN)

Motor Vehicle Sales Fall Sharply In Greece In 2011
(DBN)

ie: IFA Say Potato Growers Face 'Wipeout'
(DBN)

______________

Canada:

Canadian Asbestos Mine To Reopen Despite Bankruptcy Filing
(DBN)

Canadian Jobs Report Misses Expectations
(DBN)

______________

Lithuania:

Snoras' interim administrator Freakley got almost EUR 5 mln
(DBN)

______________

China:

China No Country for Old Men: ‘Demographic Tsunami’
(DBN)

China curbs 'excessive entertainment' on TV
(DBN)

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Copyright 2011