March 15, 2012

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

DLA Piper Could Jettison Some Smaller Clients, Lawyers with the Wrong Business Fit --- DLA Confirms All-Equity Switch After Non-US Partners Approve Overhaul
(DBN)

Citi Survey Shows Law Firm Leaders 'Cautiously' Confident About Prospects
(DBN)

Bonus Watch: Jenner & Block
(DBN)

Profits, Revenue Up at Hughes Hubbard
(DBN)

At Kramer Levin, A Year of Mixed Financial Results
(DBN)

Stanford receiver submits fee application, seeking to pay Krage & Janvey, Baker Botts, and Thompson & Knight
(DBN)

One Year Later, Lawyers in Howrey Diaspora Say They are Happy with New Careers
(DBN)

36 new inductees into American College of Bankruptcy Tomorrow
(DBN)

US firm Goldberg Segalla hires ex-BLG reinsurance head for London launch
(DBN)

White & Case restructuring partner set to join Morgan Stanley
(DBN)

Ex-NY Fed GC Calls Bank Stress Tests 'Major Turning Point'
(DBN)

Managing the Law Firm Risk Role in Outsourcing
(DBN)

Holland & Hart, Blank Rome Defending Hostile Bid For PPV P--- Company
(DBN)

Thomas Jefferson School of Law’s Motion to Dismiss Denied — Twenty More Law Schools to Be Sued
(DBN)

Columbia and NYU's Dubious Stats
(DBN)

Law School Lairs: Popsicle toes --- $3.6M for Faculty Condo
(DBN)

The 5 Types of People Who Apply to Law School :))
(DBN)

Age discrimination case against Georgetown Law to proceed
(DBN)

The Law Schools Whose Grads Earn The Most
(DBN)

Early Reactions to the U.S. News Rankings: Deans and the Excuses They Make
(DBN)

Generation Y Has Become ‘Generation Why Bother,’ Stats Suggest; Are Careers Affected?
(DBN)

Third generation iPad: the reviews are in --- The New iPad Has A Million More Pixels Than An HDTV --- New iPad: A Polishing of the Old
(DBN)

"Live" Interactive E-Briefs for iPad
(DBN)

An Extremely Troubling Fact About The New iPad
(DBN)

Headhunters: The Devil You Don’t Know…
(DBN)

Broward bankruptcy lawyer kills self amid child p--- probe
(DBN)

Bankruptcy Lawyer Leapt to Death from Office Building After Minor Drug Charge
(DBN)

Feds To Give An Update On Bombing Of Lawyer's Car
(DBN)

"Idol" Finalist Has Five Active Arrest Warrants
(DBN)

Sorry I’m Not Sorry --- Chris Christie Doesn’t Regret Calling Law Student an Idiot
(DBN)

What Happened to $1.8 Billion in Rubies?
(DBN)

Soccer mom madam's lawyer
(DBN)

Two Ex-Lawyers Among Flourishing Group of Arab-Muslim Comedians
(DBN)

Death Row Inmate Challenges Oregon Gov’s Order Giving Him an Execution Reprieve
(DBN)

Champion of Oregon's 'Death With Dignity Act' Uses Law to End Own Life
(DBN)

Screenwriter’s Inspiration for ‘My Cousin Vinny’: What If Your Lawyer Failed the Bar Five Times?
(DBN)

Cop Claims Girlfriend Hurt Him With a Justin Bieber Doll
(DBN)

Cop Avoids Jail After Shaking Down Motorist For Beer
(DBN)

Hilarious Failed Escape
(DBN)

"The Good Wife" - Law comes down to a turkey baster
(DBN)

New Film Gives Marc Dreier a Forum to Explain How Career 'Unraveled'
(DBN)

Women's Chess Tournament Bans Excessive Cleavage
(DBN)

Lawyer Advertising: Let the Earl from "Downton Abbey" pitch for your firm
(DBN)

Say What?!
(DBN)

______________

Judges:

Hon. Justice Geoffrey B. Morawetz To Receive Distinguished Award for Lifetime Achievement
(DBN)

Texas Man On Trial For Sexually Assaulting His Daughter Opens Fire On Courthouse Steps --- One Killed, at Least Three Others Injured --- Suspect, victims identified --- Suspect Had Sued City --- Lawyer Who Witnessed Attack Told Gunman ‘You Don’t Have to Kill Me’
(DBN)

GOP seeks to counter Reid, White House push on judges --- Reid, McConnell Announce Deal on Judges
(DBN)

Will the Affordable Care Act Argument Be Worth the Hype?
(DBN)

CA: Assembly Committee Votes to Pull Plug on Expensive Court IT Project
(DBN)

______________

Wall Street:

 

World stock markets mixed ahead of US data
(DBN)

Stocks Close Up, Banks Boosted by US Stress Tests
(DBN)

S&P 500 Falls After Rising to the Highest Since June 2008
(DBN)

Goldman exec quits with scathing public rebuke of the firm --- Muppet manifesto --- Slams "rip-off" culture --- Goldman Loses $2.2B After Op-Ed --- As ‘Why I Left’ Letters Reach Meme Proportions, Startups Hope Goldman’s Moral Loss Is Their Gain --- A noisy exit --- Beyond Goldman Sachs: the nasty culture --- Goldman Sachs responds to former exec --- Goldman Sachs Is Investigating The Claims Greg Smith Made In His Resignation Letter
(DBN)

______________

Layoffs:

Tax Breaks For The Unemployed
(DBN)

AOL's AIM Division Hit Hard by Job Cuts
(DBN)

Private Businesses Fight Federal Prisons for Contracts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Food/Beverage:

Wolfgang Candy files for Chapter 11 bankruptcy
(DBN)

______________

Retailing:

Appliance Direct Emerges From Bankruptcy
(DBN)

______________

Shipping:

Investors Have Good Reason To Avoid Eagle Shipping
(DBN)

______________

Alternative Energy:

Nasdaq pulls stock of Auburn Hills solar panel firm
(DBN)

More solar firms fall into bankruptcy
(DBN)

______________

Golf:

Foreclosure sale of King's Grant golf course postponed
(DBN)

Trump Post-Tiger Golf Bottom-Fishing Signals Rebound
(DBN)

______________

Economy:

Entitlements: A Hammock for the Lazy or a Safety Net for All of Us?
(DBN)

Some Factory Work Back in America
(DBN)

Treasuries in Longest Losing Streak Since 2006
(DBN)

Tarullo’s Revolution Reprograms Fed’s Regulation of U.S. Financial System
(DBN)

Corporations Now Hold $1.24 TRILLION In Cash
(DBN)

Poll: Most Americans Back Buffett Tax
(DBN)

Surviving Another Recession Will Depend On Doing These Four Things
(DBN)

The US Is No Longer Completely Screwed, But Europe and Japan Are --- Capital Economics predicts diverging US and European economies
(DBN)

The $10 Trillion Business Of The Black Market
(DBN)

America Is On The Mother Of All Adjustable Rate Mortgages
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Obama Pushes New Mortgage Payment Relief Plan
(DBN)

S&P/Case-Shiller Home Price Indices: 2011 Year in Review
(DBN)

Pooling and servicing agreements vary greatly on principal reductions
(DBN)

HUD report shows Bank of America, Wells Fargo robosigning foreclosure documents --- Inspector General fills in some details on robo-signing and other abuses
(DBN)

Whistleblowers reap millions in U.S. mortgage suits
(DBN)

More Disclosure About the Foreclosure Crisis: The Banks Knew What They Were Doing
(DBN)

Schneiderman Settles Suit Against Banks for Use of MERS for Paltry $25 Million
(DBN)

Michigan AG Schuette Issues Second Subpoena in Criminal Probe of Mortgage Processors
(DBN)

What Americans Can Learn From China's Looming Real Estate Bubble
(DBN)

Cleveland: Osborne vows he and his companies will overcome legal woes
(DBN)

Will the ' Foreclosure Discount' Grow This Year?
(DBN)

All Those Luxury Homes People Over-Paid For During The Boom Are Being Auctioned Off Right Now
(DBN)

Cops Pull The Plug On “Project X” Party In Foreclosed Home
(DBN)

Schneiderman's Office Responds on MERS Lawsuit Partial Settlement
(DBN)

Homeless Families Placed In Vacant Homes Causes Controversy
(DBN)

Foreclosures fall, but there's a 'rising tide' ahead
(DBN)

20 Cities Getting Crushed By Foreclosures
(DBN)

AG settlement starts the clock on short sales
(DBN)

Trump Tower sold in auction
(DBN)

The Truth About The World's Most Expensive Apartment Building ...
(DBN)

Multifamily mortgage debt remains flat
(DBN)

_____________

Banking:

Banks' Biggest Stress Test Remains
(DBN)

Citigroup Vows to Try Again as Some Lenders Fail Fed Test
(DBN)

Where the stress tests failed
(DBN)

Why investors should be leaving big bank stocks
(DBN)

Why the bank dividends are a bad idea
(DBN)

Siena loses its grip on world's oldest bank
(DBN)

Have A Checking Account With A Big Bank: Buyer Beware
(DBN)

______________

Fraud:

Mets' owners have to prove good faith
(DBN)

SAIC to Pay $500 Million to Settle New York City Time Fraud Case
(DBN)

Barclays Seeks New Judge for $67 Million Madoff Trustee Lawsuit
(DBN)

$75MM to End Fraud Lawsuit
(DBN)

Two Swiss financial advisers indicted in U.S.
(DBN)

Insurers See Rise in Hedge Fund Probes
(DBN)

NY Lawyer charged in multi-million dollar Ponzi scheme
(DBN)

Judge not entirely letting go of Beakley case
(DBN)

Plaintiffs Attorneys Target 20 More Law Schools Over Alleged Fraud
(DBN)

______________

Celebs:

Disgraced NFL Star Michael Vick Nearly Free Of $20 Million Bankruptcy
(DBN)

______________

Gambling:

Western Mohegans file for bankruptcy, cancelling sale of their property
(DBN)

______________

MF Global:

MF Global U.K. Says Unclear Whether Brokerage Faces Shortfall
(DBN)

MF Funds Shortfall Could Be About 10% Of Assets -Lawyer
(DBN)

For Futures Industry, MF Global as Topic A
(DBN)

KPMG courts controversy over MF Global client details
(DBN)

______________

Aviation:

AMR Corp. asks court to dismiss APA suit
(DBN)

Kingfisher being constantly monitored, says DGCA
(DBN)

Kingfisher curtailing some overseas flights
(DBN)

______________

Politics:

Scott Brown Explains Lead Over Elizabeth Warren
(DBN)

Santorum To Puerto Rico: Speak English If You Want To Become A State
(DBN)

Politics In 60 Seconds
(DBN)

Even Rich People Are Turning On Mitt Romney
(DBN)

Poll: 70% Dislike Super PACs
(DBN)

______________

Financial Literacy:

Of Babies and Bucks
(DBN)

______________

Distressed Investing:

Credit Suisse's Chene Leaves as Distressed-Trading Head ‎
(DBN)

Goldman's Barclay Morison in Distressed Sales Said to Have Left ‎
(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 (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Berlian Laju, MF Global UK, Glitnir Bank, Rangers
(DBN)

March Madness: The Play-In Round
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Unsuccessful Successors? Limits On Bankruptcy Sales "Free And Clear" Of Successor Liability
(DBN)

______________

Insurance:

MetLife Leads Life Insurers Lower After Failing Fed Test
(DBN)

______________

Litigation:

Cornerstone Research Releases 2011 Securities Lawsuit Settlement Study
(DBN)

Top 12 tips for saving money in litigation
(DBN)

______________

Health Care:

New York Hospital's Bankruptcy Proceeding Enters Critical Stages
(DBN)

CMH proposes expedited sale to McLaren, effective March 23
(DBN)

Senior Care Development Bids Over $86 Million for Bankrupt Clare at Water Tower
(DBN)

CBO Cuts Cost Estimates for Obamacare
(DBN)

Medical debt and credit ratings: Help on the way?
(DBN)

______________

Corporate Reform:

Regulators Must Rein in $47 Trillion Shadow Banks, Turner Says
(DBN)

SEC crackdown ends Wild West days of private stock trades
(DBN)

Here we go again: In Thornburg case, SEC lags private bar
(DBN)

______________

Municipalities:

Detroit Needs A Dose of GM's Bitter Medicine
(DBN)

There is 'no way in hell' Detroit Mayor Dave Bing will sign consent agreement as proposed by state
(DBN)

Don't Give Meg Whitman The Benefit Of The Doubt
(DBN)

______________

Oil/Gas:

Feds Promise Action on Oil Speculators
(DBN)

Obama Dodges Blame for Gasoline Prices
(DBN)

______________

Payday Lending:

Do Payday Lenders Target Minorities?
(DBN)

______________

Photography:

Eastman Kodak retirees may lose health care coverage
(DBN)

______________

Autos:

U.S. Auto Dealers Who Survived Debacle See Record Sales
(DBN)

______________

Religion:

N.Y. archbishop fights child abuse legislation
(DBN)

______________

Magazines:

Judge sets new deadline in Jewish Times bankruptcy
(DBN)

______________

Education:

A Public College Is Charging Students Extra For Mandatory Classes
(DBN)

______________

Student Debt:

Do We Need More Student Loans or Less?
(DBN)

______________

Tax:

Craziest tax deductions
(DBN)

______________

Pensions:

Highway Bill Lets Firms Slash Pension Payments
(DBN)

______________

Debt Collection:

Just a Darn Minute, Class Tells Discover Bank
(DBN)

______________

Non-Profits:

State fair operations get approval to convert bankruptcy
(DBN)

______________

Shipping:

Berlian Laju Tanker Says May Present Debt-Restructuring Plan in Early May
(DBN)

______________

UK:

Multi-million pound earning UK football stars are now going broke
(DBN)

______________

PIIGS:

Task Force wants Greece to move faster
(DBN)

Greek deal holdouts face long wait to pay day
(DBN)

Portugal moves fast on reforms
(DBN)

______________

Canada:

Lender's inspection may create liability to third parties
(DBN)

______________

France:

More French Companies Have Gone Bankrupt So Far This Year Than At The Height Of The Crash
(DBN)

______________

China:

JPMorgan: “Chinese economy already in hard landing”
(DBN)

______________

Brazil:

Brazil's Banks Insulated from Celpa Bankruptcy Protection
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).

 

Copyright 2012