March 12, 2012

The Daily Bankruptcy News

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Law:

Modest Growth for Top New York Firms
(DBN)

Brown Rudnick Boosts Beacon Power by Taking Chapter 11 Case on Contingency
(DBN)

Legal Sector: Adds 800 jobs in February
(DBN)

Some Communication Lessons From Dewey's PR Dilemma
(DBN)

Dewey & LeBoeuf's Steven H. Davis: He came to praise the firm's lawyers, not bury them
(DBN)

Ashurst issues ultimatum to plateau partners
(DBN)

Hogan Lovells Recruits Business Restructuring Team in Rome
(DBN)

New Weil Partner Took the Rocketship Track
(DBN)

Covington Burling Nixes Claims of Racial Bias
(DBN)

Skadden, Cleary, Simpson and Davis Polk see revenues rise in 2011
(DBN)

Jill Perrella Joins Snell & Wilmer's Tucson Office
(DBN)

How Does a Flat Fee System Really Work?
(DBN)

Quinn Emanuel eyes expansion across Germany and Asia
(DBN)

Bare legs or hose? The great debate over nylons
(DBN)

Too Good for Big Law
(DBN)

Law Firms, Apple under Jobs: Similar organizational cultures
(DBN)

The Rise of Third Party Litigation Funding - Part 2 --- Part 3
(DBN)

10 Tips for Landing a Flexible Job
(DBN)

A Decade of Legal Services Outsourcing
(DBN)

Morgan Stanley, ‘Anonymous,’ Dynegy, BofA, NetJets in Court News
(DBN)

Law school recruiting up modestly last year, NALP says
(DBN)

How Stanford Law School Could Cut Tuition and Save the World
(DBN)

Law School Transparency: The Joint Tenancy --- And that's the way it is --- New York Stories
(DBN)

NY law schools inflate job figures: critics
(DBN)

New Jersey Governor Chris Christie Calls Law Student an ‘Idiot’
(DBN)

Federal Court Dismisses Former Cooley Law Student’s Suit Over Being Kicked Out of School
(DBN)

Attorney's media blitz becomes issue in madam case --- Ex-detective in DA's office was bodyguard for accused NYC madam
(DBN)

Some Professionals Opt to Rent Their Ties and Designer Dresses
(DBN)

Former partner-in-charge of Fulbright’s Austin office starts firm with former partner in Hance Scarborough and former partner in Scott, Douglass & McConnico
(DBN)

How Watching Game Shows Can Help You in Meetings
(DBN)

92-year-old farmer chases off three thieves at gunpoint
(DBN)

Attorney Sentenced to 5 Years for Embezzlement, Led From Courtroom in Cuffs
(DBN)

Woman Rescues Driver From Fiery Crash -- After Being Flipped Off Minutes Before
(DBN)

Man who killed wife with cannon 'so sorry'
(DBN)

A Strange Tale of Hit Men in Texas
(DBN)

Lawyer Who Practiced for 13 Years on a Suspended License Is Disbarred
(DBN)

Lawyer Honored for Saving Sons in Michigan Car Bombing
(DBN)

Courtroom Questioning Reveals Upcoming Death of ‘Desperate Housewives’ Character
(DBN)

The Best Mugshots in the Lone Star State
(DBN)

Quote of the Day: Florida Has Idiots, Too
(DBN)

Lawyer’s Wife Sues the Other Woman; Lawyer, Ex-Mistress are Accused in Murder Attempts on His Spouse
(DBN)

Navin Kumar Aggarwal: Lots in common with Will Gardner from "The Good Wife"
(DBN)

'Desperate Housewives' Major Character Death Revealed During Testimony
(DBN)

Non-Standard Explanation Offered for Bugging Wife's Bedroom
(DBN)

Man Caught Golfing Gets Four Months In Jail
(DBN)

Sheriff's Ex-Boyfriend Wants $1 Million
(DBN)

Match The Suspects Game
(DBN)

Fistfight Breaks Out During Chicago Symphony Orchestra Show
(DBN)

Obese boy to return home Saturday after dropping 50 pounds
(DBN)

The Good News? Man Slows Down After Getting Busted For 105 MPH. The Bad News ...
(DBN)

Man’s suit: church misled him “into following false beliefs”
(DBN)

Loan Me Fifty Dollars (So I Can Have a Brooklyn Bagel)!
(DBN)

How Is Arent Fox Like Letterman and Regis Philbin? All are Honored in Deli Sandwich Names
(DBN)

Town Refuses To Let Woman Post 'Lost Dog' Signs
(DBN)

______________

Judges:

Burst Pipe Floods Dallas Courthouse
(DBN)

Judge Stabbed, Deputy Shot at Wash. State Courthouse; Judges’ Recent Suit Alleged Security Issues
(DBN)

Judge Suspended Without Pay for 75 Days in Ticket-Fixing Case
(DBN)

Mystery of Judge’s Stolen Nameplate Is Solved with a Facebook Photo, Cops Say
(DBN)

Protesters at Scalia Speech Fling Condoms, Unfurl ‘Court of the Conqueror’ Banner
(DBN)

Justice Scalia Goes to Wesleyan --- Justice Scalia at Wesleyan: With Photos and Video
(DBN)

Benchslap of the Day: The Lawyer Loves Me… Lawyer Loves Me Not
(DBN)

US Supreme Court needs a code of conduct
(DBN)

Kagan: Court 'working hard' despite fewer cases
(DBN)

Judge May Ethically Blog
(DBN)

______________

Wall Street:

Stocks listless ahead of open
(DBN)

Wall Street up on jobs data, brushes off Greek default
(DBN)

Morgan Stanley’s Jennings Pleads Not Guilty in Taxi Stabbing
(DBN)

M&A lawyers lob stones at Goldman from glass house
(DBN)

Wall Street Bonuses May Surge 20% This Year, Consultant Says
(DBN)

______________

Layoffs:

California unemployment at lowest level in three years
(DBN)

Unemployment holds amid solid hiring
(DBN)

Thousands Of Veterans Are About To Get Laid Off, And They're Not Happy About Their Job Prospects
(DBN)

The 10 Worst Paying Cities For Women
(DBN)

The Precarious Jobs Recovery
(DBN)

Not Into Schmoozing? 7 In-Demand Jobs for Introverts
(DBN)

The Sad Truth About The 'Best Job Growth Since 2006'
(DBN)

Reasons U.S. job gains could last this time
(DBN)

Older Workers Seeing Biggest Job Gains
(DBN)

Ericsson jobs on the line in North America
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Energy:

Dynegy Transfer of Coal Assets Was Fraudulent, Examiner Says --- The Report
(DBN)

Dynegy bankruptcy thrown into question
(DBN)

Dynegy examiner report faults dealings, stock sinks --- Calls Dynegy transfer fraud
(DBN)

______________

Compensation:

Fannie Mae and Freddie Mac Executives Will See Pay Cuts in 2012
(DBN)

GE's CEO Immelt Sees Pay Fall 24 Percent In 2011
(DBN)

______________

Cruise Ships:

Forecast: Highest air fares of this decade
(DBN)

______________

Municipalities:

Harrisburg, Pennsylvania, Set to Default on $5.27 Million GO Bond Payments --- To skip two debt payments --- Harrisburg Receiver: Decision Made to Sustain Essential Services; Resolve to Move Forward with Recovery Plan
(DBN)

No loan for Detroit without turnaround plan-governor
(DBN)

______________

Oil/Gas:

Ohio agency says fracking-related activity caused earthquakes
(DBN)

How much would Keystone pipeline help US consumers?
(DBN)

Obama Monitors for Gasoline, Diesel Fraud in 360 U.S. Cities
(DBN)

______________

Health Care:

Judge will rule on who should buy Christ Hospital Bidders to submit proposals this Thursday
(DBN)

Recoupment and setoff issues for health care lenders
(DBN)

'Obamacare' plaintiff Brown's bankruptcy : Instant karma?
(DBN)

______________

Religion:

Christian Brothers file for bankruptcy
(DBN)

Banks foreclosing on churches in record numbers
(DBN)

Schuller family claims may delay vendor payments
(DBN)

Southern California’s Crystal Cathedral congregation to relocate, rename --- Congregation faces split --- Robert Schuller leaves church board
(DBN)

Schuller Sealed 'Hour of Power' Fate by Building Crystal Cathedral
(DBN)

______________

Hedge Funds:

Inside Hedge Funds' Ponzi Bets
(DBN)

______________

Corporate Reform:

Big banks at center of interest rate probe
(DBN)

______________

Fraud:

Mets’ $303 Million Madoff Fraud-Profit Trial to Be Heard by 9-Member Jury
(DBN)

NY Mets trial in Bernie Maddoff-related case expected to last three weeks
(DBN)

So Far, $2.4 Million in Fees and Expenses Paid for Stanford's Defense --- Firm's advisers face long, tough legal slog
(DBN)

NatWest Three: 'I should have walked away'
(DBN)

MBIA CEO Accused Of Insider Trading
(DBN)

SEC charges Coke Enterprises exec with insider trading
(DBN)

______________

Economy:

Household Worth in U.S Increases as Stock Prices Rebound
(DBN)

Richest People Still Think We are in a Recession
(DBN)

GE's Immelt sees long period of unstable economies
(DBN)

Jobs figures raise hopes for US recovery
(DBN)

Burden of Driving Growth May Fall on US Consumer
(DBN)

Men Are Spending More Money On Suits As The Recovery Ramps Up
(DBN)

What America's 10 Richest Companies Do With Cash
(DBN)

The 1 Percent Recovery
(DBN)

Entitlement Mentality Bankrupting US
(DBN)

The 1% Gets 93% Of The Nation's Growth From The Recovery
(DBN)

U.S. countersues Buffett’s company for unpaid taxes
(DBN)

America Is Using Tricks To Hide A Debt Crisis Worse Than Greece
(DBN)

3 Spending And Saving Mantras The Recession Turned Upside-Down
(DBN)

Bank Bailout Helped Average Americans
(DBN)

Mass transit sees near-record year as gas prices soar
(DBN)

The Income Gap Myth
(DBN)

Jobs data lifts dollar, euro stays weak
(DBN)

US Exports to China Booming --- America's #1 Export To China
(DBN)

US: Tricks to Hide Worse Crisis Than Greece
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

U.S. to Seek Court Approval for $25 Billion Mortgage Deal with Big Banks
(DBN)

The Servicers Settlement Disconnect
(DBN)

Pay chopped at Fannie and Freddie
(DBN)

Freddie Mac Reports 2011 Net Loss Of $5.3 Billion --- Freddie Mac to request $146 million from Treasury
(DBN)

Fannie, Freddie chief financial officers will earn more than CEOs
(DBN)

Government-held REO halved during robo-signing freeze
(DBN)

BofA to slash mortgage balances by $100,000 or more --- To begin contacting underwater homeowners on loan reductions
(DBN)

The Housing Market And The Fed
(DBN)

FHA may soon further limit how much sellers can contribute at settlements
(DBN)

7th Circuit: Homeowner Can Sue Bank Over Mortgage Modification Program
(DBN)

Borrowers for Nine Properties in North Carolina Implement Chapter 11 Reorganization Process ---Borrowers use Chapter 11 for BofA fight
(DBN)

Judge OKs Grubb & Ellis bankruptcy sale plans --- Lutnick’s big hedge
(DBN)

Take a Load Off, Fannie: Principal Reduction Is Overdue
(DBN)

Mortgage Modifications: When to Say Yes or No
(DBN)

Fortress advances in race to buy ResCap
(DBN)

Homestead bankruptcy trustee seeks to widen case
(DBN)

In St. Paul, battle for 3 financially distressed downtown buildings looms
(DBN)

IRS Rejects $1.6 Billion in Home Buyer Credits
(DBN)

Lawyer charged in Queens real-estate scam
(DBN)

Bosses from Henrico-based LandAmerica could go on trial
(DBN)

_____________

Politics:

Democratic darling Warren has also been critic
(DBN)

Obama's Re-Election Case Bolstered by February Jobs Report
(DBN)

Elizabeth Warren in Obama campaign movie ‎
(DBN

Warren picks charity for ad deal with Sen. Brown
(DBN)

Warren Wages 'War of Imagery' to Claim Brown Senate Seat
(DBN)

Labor Leaders to Apply New Clout in Effort for Obama
(DBN)

Mitt Romney Eats Grits and Speaks Southern
(DBN)

______________

Lehman:

Lehman emerged from bankruptcy holding a potentially valuable thing: $55 billion in net-operating losses
(DBN)

______________

Derivatives:

Greek Default Is Now Official: Insurance Payouts Triggered
(DBN)

Sovereign, Corporate Bond Risk Rises, Credit-Default Swaps Show
(DBN)

Credit Default Swaps: Time to Regulate
(DBN)

_____________

Aviation:

American makes key concession on pensions
(DBN)

A little note from the bankruptcy court
(DBN)

APFA explains to flight attendants why it is asking for binding arbitration --- American Airlines says it'll wait for NMB before responding to binding arbitration proposal
(DBN)

American: 2 Injured While Restraining Flight Attendant Who Ranted 'I Am Not Responsible For Crashing This Plane' --- Handcuffed after crash rant ---American Airlines Flight Attendant Bankruptcy Plane Crash
(DBN)

American Airlines merger with U.S. Airways is a go, suggest domain registrations
(DBN)

Bankrupt airline owes Intrust millions
(DBN)

Pemco Owes Creditors More Than $12 Million
(DBN)

Forecast: Highest air fares of this decade
(DBN)

The Luxurious Lives of Preferred Travelers
(DBN)

Things You Can't Do on a Plane: Vol. 14
(DBN)

Debt-ridden Air India mulling to import jet fuel directly ‎
(DBN)

______________

Autos:

Ford to offer lump-sum pension payments to salaried retirees
(DBN)

Mazda Offers Buyouts to Salaried Workers
(DBN)

Would Americans be better off if GM and Chrysler had gone bankrupt?
(DBN)

The plan to bailout the auto industry was anything but a failure
(DBN)

______________

Food/Beverage:

Hostess Brands names CEO to steer company through bankruptcy
(DBN)

Humble pie at hostess
(DBN)

Hostess CEO Driscoll To Quit Bankrupt Twinkie-Maker --- Driscoll out replaced by Rayburn --- CEO Out a Month After Lucrative Payday Was Sought
(DBN)

Dippin' Dots Receives $1.25MM After CEO Resigns, OK for CRO
(DBN)

______________

Golf:

Trinitas remains in limbo
(DBN)

______________

Municipalities:

Past pension boosts deferred costs
(DBN)

California Pensions, the Wave Ahead
(DBN)

In Stockton, Calif., Slow Fall off Financial Cliff
(DBN)

Pinpointing government dysfunction in Stockton
(DBN)

Housing bust, financial mismanagement leave Stockton, Calif., teetering toward bankruptcy
(DBN)

Wells Fargo Sues Stockton Over California City's Bond Payment Default
(DBN)

Providence's Next Battle: Will the Hospitals Pony Up?
(DBN)

State rep: Woonsocket finances 'very dire'
(DBN)

Experts: Court ruling gives JeffCo an edge
(DBN)

Hercules to settle $4.1 million suit with bond insurer
(DBN)

Pennsylvania State Education Association's report says schools are at risk of bankruptcy
(DBN)

Fiscal mess coming soon to a city near you
(DBN)

WA: School district insolvency bill passes Legislature
(DBN)

______________

Derivatives:

Credit-Default Swaps in U.S. Decrease for Second Consecutive Day ‎
(DBN)

______________

Banking:

FDIC Closes Chicago Bank, Pays Insured Deposits
(DBN)

Is the FDIC Ramping Up Its Failed Bank Litigation?
(DBN)

Banks Buying Treasuries at Seven Times 2011 Pace as Deposits Beat Lending
(DBN)

US Bank Stress Tests Expected to Show Progress
(DBN)

To Boost Revenue Banks Go After the 'Top 10%'
(DBN)

______________

Financial Literacy:

Girl Scouts Add Consumer Finance to the Badges
(DBN)

______________

Pensions:

Don’t Let Companies Slash Pension Payments
(DBN)

______________

Student Debt:

Student Loan Bubble Nonsense
(DBN)

______________

Finance:

The latest innovation in middle market lending: the unitranche facility
(DBN)

______________

Mail:

USPS Proposes Reforms as It Revises Restructuring Plan
(DBN)

______________

Photography:

The Justice Department Has Apple's Number
(DBN)

______________

Weather:

GE rejects Republicans' 'climate change' doubts
(DBN)

______________

Celebs:

Some of music's best broke
(DBN)

The Broke and the Beautiful: Lenny Dykstra Edition
(DBN)

______________

Small Business:

Why Group Deals Are Killing Small Businesses
(DBN)

______________

Protests:

Occupy Wall Street in NYC going broke
(DBN)

______________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 new filings today)
(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 AMR, Grubb & Ellis, Personal Bankruptcies
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Jurisdiction:

Bankruptcy Nerds: This Opinion Could Mean Something to Somebody!
(DBN)

______________

Escheats:

Bankruptcy's Spare Change
(DBN)

______________

Sales:

Unsuccessful Successors? Limits on Bankruptcy Sales "Free and Clear" of Successor Liability
(DBN)

______________

Estoppel:

Texas State Court Gets Judicial Estoppel Right
(DBN)

______________

Litigation:

Litigator Pushes Mutual-Disarmament Pacts To Cut Costs
(DBN)

When Does the Constitution Protect the Production of Digital Evidence?
(DBN)

______________

Corporate Governance:

El Paso Holders Overwhelmingly Approve Kinder Morgan Merger
(DBN)

Boardrooms fret over corporate espionage and federal guidance regimes
(DBN)

______________

Mass Torts:

Texas judge sets precedent on bankruptcy trust disclosure in asbestos case
(DBN)

Lawyers in Gulf Oil Spill Settlement Prepare for Fight Over Fees
(DBN)

Gulf Oil Spill: Tales of 3 Plaintiffs
(DBN)

Heart of asbestos country reinvents itself
(DBN)

______________

Gambling:

No thaw for AC casino revenue, down 5.9 pct in Feb
(DBN)

______________

Magazines:

The bruising battle for Alter Communications
(DBN)

______________

Utilities:

Southern trustee hires legal expert to track 'what happened to the money'
(DBN)

PSNH's survival depends on sale of assets, death spiral
(DBN)

______________

Payday Lending:

How One Payday Loan Company Ruined The Entire Industry
(DBN)

______________

Hotels:

5 Fantastic Hotels That Are For Grownups Only
(DBN)

______________

Gas Stations:

Getty Realty, GPMI Deal Awaits OK
(DBN)

______________

Baseball:

Nine-Person Team to Decide Fate of Mets' Owners
(DBN)

______________

MF Global:

MF Global Holdings Executives to Get Bonuses If Court Approves --- Bonuses for MF Global execs? I'm outraged
(DBN)

MF Global's questionable bonus plan --- Employees Fight for Back Pay While Execs Get Bonuses
(DBN)

Bonus Watch '12: MF Global
(DBN)

Bonuses at MF Global Draw 2 Senators' Fire --- "Outrageous"
(DBN)

Rochelle: MF Global Losses Show Hole in Regulatory System
(DBN)

______________

Native Americans:

Western Mohegans File For U.S. Bankruptcy in Fight For Their Land
(DBN)

______________

UK:

PrimaCom: Stand by, Europe and Beyond, for a New Wave of English Scheme Restructurings
(DBN)

Lehman Brothers: UK Supreme Court Judgement And Implications For MF Global Clients
(DBN)

Rangers' administrators try to claw back funding
(DBN)

Rangers Administrators to Identify ‘Serious Bidders’ This Week
(DBN)

Administrators confirm pay cut agreement with Rangers players to avoid job losses
(DBN)

Are players assets or liabilities when a club fails?
(DBN)

Britain Awash In Gloom As London Olympics Approach
(DBN)

10,000 Game workers may lose job
(DBN)

Begbies Traynor on track as profits and margins improve
(DBN)

Was Lehmans’ collapse unforeseeable? The High Court said it was – but FOS disagrees
(DBN)

______________

EU:

England Sees No Bankruptcy In Germany (History)
(DBN)

Merkel, Lagarde Split Over Europe’s Debts
(DBN - NY Times - Paywall Limit Possible)

Overhaul Of Banks in Europe Grinds On
(DBN)

As Europe struggles, Swiss voters set example of restraint, turning down longer holidays --- But yes to 's-- boxes'
(DBN)

European Finance Ministers Set to Approve Greek Aid Payout, Examine Spain
(DBN)

______________

PIIGS:

Greek Bond Swap Set For Monday
(DBN)

ISDA declares Greek credit event, CDS payments triggered
(DBN)

Bond deal helps Greece dodge bankruptcy --- GDP fell by almost 7 pct last year
(DBN)

The Greek Debt Deal: Austerity on Steroids
(DBN)

IMF eyes $37 billion contribution to Greek bailout --- IMF scales back aid to Greece
(DBN)

Greece 7bn euros short on debt after bond swap
(DBN)

Greece: “A harder Default To Come”
(DBN)

Swap Could Be Short-Lived Reprieve
(DBN)

Most Young People In Greece Are Now Unemployed
(DBN)

Greek hotels feeling the crisis pinch
(DBN)

Greeks Dodge Debt Bullet
(DBN)

German Finance Chief: Greek Crisis Not Over
(DBN)

Greece Will Suffer Less If It Leaves Euro Now
(DBN)

Greece’s College Students Fighting Stray Dogs as Austerity Deepens Despair
(DBN)

Market Should Be Assured by Debt Deal: Greek Minister --- Debt Swap Deal Is 'Profitable'
(DBN)

Fitch’s Downgrades Greece to “Restricted Default” After Bond Swap
(DBN)

Greek finance minister Venizelos set to be Socialist leader
(DBN)

Bankruptcy fear as Dunne must repay NAMA €185m
(DBN)

Portugal's economy shrank 1.6 percent in 2011
(DBN)

Alarm Sounds Over Spain’s Rising Public Debt
(DBN)

Italy Tax Twists Throw Luxury Market In Disarray
(DBN)

Portugal's Government Should Follow Greece's Example on Debt Relief
(DBN)

______________

Canada:

Ghost of Fannie Mae Haunts Canadian Housing as Exposure Worsens
(DBN)

______________

Germany:

German business bankruptcies down in 2011
(DBN)

Insolvent Heiligendamm Hotel Gets Six Potential Bids, Welt Says
(DBN)

Cerberus, Corpus said leading €1bn distressed Hawk bid
(DBN)

______________

MENA:

Emo Kids Being Murdered By The Dozens In Baghdad --- Stoned to death for 'emo' haircuts
(DBN)

The Economic Fallout from Bombing Iran
(DBN)

4 More Generals Defect from Syrian Army
(DBN)

______________

Netherlands:

Act on the Collective Settlement of Mass Claims to be amended to include bankruptcy situations
(DBN)

______________

Japan:

Japan's Nuclear Plants All Offline by Summer --- Tokyo Electric Triples Oil Burn
(DBN)

Fukushima Evacuees Run Into Tepco Red Tape, ‘Sponger’ Attacks on Payments
(DBN)

Japan High Tech's Five Circles of Hell
(DBN)

______________

China:

China Posts Massive Trade Deficit
(DBN)

China Banks Face Capital Shortage
(DBN)

______________

India:

India car sales highest ever, industrial output up
(DBN)

______________

Australia:

Banks to sell more distressed farms
(DBN)

______________

Vietnam:

More businesses declare bankruptcy -concern for Vietnam's economy
(DBN)

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