March 16, 2012

The Daily Bankruptcy News

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Law:

Law Firm's Organizational Form, Insolvency Affect Extent of Members' Personal Liability
(DBN)

In Move Expected to Raise Some $31M, DLA Piper Votes to Create One-Tier, All-Equity Partnership
(DBN)

A Chance for Ambitious Girls
(DBN)

Brown Rudnick's Profits and Revenues Drop After Back-to-Back Record Years
(DBN)

Aggressive US firms push London partner hiring to five-year high
(DBN)

US players grow London footprint as partner presence rises almost 10%
(DBN)

Biglaw Blind Item: Making (It With A)Partner
(DBN)

From Biglaw to Boutique: A Moment of Truth
(DBN)

Partners and Senior Counsel Are Billing an Average of $661 Per Hour
(DBN)

Right to Keep and Bear Arms is Not ‘Property-Like’
(DBN)

Gulf War Hero, a Disbarred Lawyer, Is Accused of Participating in Claimed $54M Fraud on US Military
(DBN)

Another Batch of Lawyers on the Defensive
(DBN)

Unhappy Ex-Client Can't Pierce Privilege For Firm's Consultations Before Withdrawal
(DBN)

How I Learned To Stop Worrying and Love The Ignorance
(DBN)

The attractions of an in-house legal job compared to private practice, according to 820 Canadian lawyers
(DBN)

Ted Stevens Report --- Says DOJ Withheld Evidence During Stevens Trial
(DBN)

White & Case restructuring partner quits for Morgan Stanley
(DBN)

RRA bankruptcy fees top $20M, recovery in case nears $100M
(DBN)

Legal fees may take mound in Madoff-Mets case
(DBN)

Deranged job description for attorney posted online
(DBN)

When Millennials Give Up, Do They End Up in Law School?
(DBN)

Another Law School Flummoxed By the Sun
(DBN)

A couple of Class of 2011 placement charts --- Yet more law school numbers
(DBN)

Elite Law Schools Are Suffering the Consequences From Their Lack of Credibility
(DBN)

Four Changes to the Status Quo in Legal Education That Might Be Worth Something
(DBN)

Law school's ranking might be based on faulty data
(DBN)

Titan's Wrath? Columbia and NYU Strike Back at Critics
(DBN)

Citigroup, JPMorgan, Morgan Stanley, Madoff, GE in Court News
(DBN)

Ditch Your Legal Pad for a Digital Voice Recorder
(DBN)

Judge Says Lawyer Who Wants to Use His Own $2.5M Loft for Accused Madam’s $2M Bond Isn’t Her Counsel
(DBN)

No bail reduction for accused NYC madam
(DBN)

Gov’t Seeks Death Penalty for Grandma, Says She Urged Girl, 9, to Run for Hours
(DBN)

Angry Female Legislators Turn Tables, Propose Laws Affecting Male Bodies
(DBN)

Zealous Representation? Attorney’s Misconduct Caught on Candid Camera
(DBN)

Impeached Former Ill. Gov Enters Club Fed in Colo. for Likely 12-Year Stint in Corruption Case
(DBN)

Can the President Kill You?
(DBN)

Manhattan DA Onto Any Who Cleaned Himself Up At UES Lover Pad
(DBN)

Horror as Russell Brand smashes law firm's window
(DBN)

CCTV at gas stations will automatically stop uninsured cars being filled with fuel
(DBN)

Say What?!
(DBN)

______________

Judges:

Second Circuit: Rakoff, Mind Your Place --- Second Circuit Rebuffs Rakoff, Grants Stay to Hear Appeal on Settlement Ruling --- Benchslap of the Day --- Who will speak for Judge Jed Rakoff?
(DBN)

Poll: Politics Will Influence Supreme Court’s Health Care Ruling
(DBN)

Female Justices Join Forces to Honor O'Connor
(DBN)

After Senate deal, two district court nominees confirmed by big margins
(DBN)

Defending Sotomayor
(DBN)

______________

Wall Street:

U.S. Stock Futures Flat
(DBN)

Wall Street rises, pushing S&P 500 above 1400
(DBN)

The Real Question re Goldman --- Did Greg Smith Commit Career Suicide? --- Greg Smith — Hero or Fool? --- Greg Smith's complaints about Goldman are "more about the 99% and the 1% within Wall Street" --- Why Greg Smith is Leaving Goldman Now --- Another Ex-Goldman Banker Confesses: The Firm Became 'Toxic' --- Why Joe Nelson Left Goldman Sachs --- Ex-Goldman Sachs Banker Who Resigned "Only" Made $500,000-750,000/Year --- Are Wall Street Traders Psychopathic? --- Ain't easy making green --- Wall Street's Latest Campus Recruiting Crisis --- Goldman Sachs Hits Back --- Goldman's clients stand by their bank --- Greg Smith Said Nothing Goldman Clients Didn't Already Know
(DBN)

Greg Smith Was Right, They Ruined My Great-Grandfather's Company
(DBN)

Client Slams Goldman Slowness to Give Reassurances
(DBN)

Goodbye to Goldman: Will Blankfein Be Next?
(DBN)

Goldman's Double Game
(DBN)

Goldman Should Be Barred From Returning More Capital, Bair Says
(DBN)

Why No One Knows How Wall Street Pay Really Works
(DBN)

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Layoffs:

Fewer seek jobless aid, tying 4-year low --- Factories help job recovery endure
(DBN)

Trustee in Pace bankruptcy reaches settlement over WARN Act claim
(DBN)

U.S. Optimism About Quality Jobs Rises
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Photography:

Retirees group files objection to Kodak's plans
(DBN)

Kodak gearing up for patent sale
(DBN)

______________

Lehman:

North Carolina sues BNY for $95 mln Lehman investment
(DBN)

______________

Golf:

Bonaventure Country Club owner files Chapter 11
(DBN)

______________

Furniture:

Crawford Furniture Mfg. to liquidate its assets
(DBN)

______________

Aviation:

Airlines seen losing more than $2.5 bn in FY13: CAPA
(DBN)

American Airlines fires flight attendant who posted satirical videos
(DBN)

American CEO: Airline open to merger, but not yet
(DBN)

Dallas-Fort Worth charities to feel fallout of AMR bankruptcy
(DBN)

American Eagle To Unveil Reorg Plan Next Week
(DBN)

American Airlines warns workers of scam
(DBN)

______________

Economy:

Treasuries Extend Biggest Weekly Loss in 8 Months Amid Growth
(DBN)

The Biggest Holders of US Government Debt
(DBN)

Fed's Lacker: Interest Rate Hike Likely Needed Next Year
(DBN)

Ben Bernanke saved the economy and all he got was hate from the left and the right
(DBN)

Why Fed's Easy Money Policy Is 'Straining Credulity'
(DBN)

Volcker: Time for Bold Action and Higher Taxes Now
(DBN)

A bold freshman Republican dares to propose a (sensible)tax on millionaires
(DBN)

US Account Deficit Widens More Than Expected
(DBN)

Where the Middle Class has gone
(DBN)

Young Americans Are Refusing To Fly The Coop
(DBN)

What America Sells to the World
(DBN)

Geithner: 'Tragic Legacies' of Crisis Loom
(DBN)

U.S., Britain set to agree emergency oil stocks release
(DBN)

High Gas Prices Threaten Recovery
(DBN)

30-50% of World's Food Thrown Away
(DBN)

The Drag Of Household Deleveraging Is Consistently Underestimated
(DBN)

Buy New IPad. Flip Over. Understand U.S.-China Economics
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Some States Saw Spike in Foreclosures in February --- Foreclosures Nationwide See Two Percent Monthly Drop --- But it may not last
(DBN)

At Bank Of America's Foreclosure Sweatshop, Agents Signed Up To 93 Documents Per Day
(DBN)

Average US rate on 30-year mortgage rises to 3.92 pct.; 15-year to 3.16 pct.
(DBN)

US Mortgage Rates For Past 52 Weeks, At A Glance
(DBN)

JPMorgan Sued by Assured Guaranty Over Mortgage Securities
(DBN)

200 Housing Markets Still in Decline
(DBN)

50 phone calls uncover flaws in FHFA principal reduction study
(DBN)

Home rental push jeopardizes affordable market rates
(DBN)

Ally Reverses Course, Restarts Some Mortgage Lending in Mass.
(DBN)

Fortress Said to Be in Talks to Pay $1 Billion for ResCap Assets
(DBN)

MBA: Commercial, Multifamily Mortgage Debt Outstanding Unchanged
(DBN)

_____________

MF Global:

MF Global customers may see more payback --- Trustee to Return $685 Million to Customers
(DBN)

MF Global: No Statutory Authority for Broker Customer Committee, Compensation from Estate, in SIPA Liquidation
(DBN)

MF Global clients angry as details appear
(DBN)

MF Global Workers Expected to Be Called to Testify Before Congress
(DBN)

______________

Municipalities:

New York cuts pension benefits for public workers --- New York just the latest state to cut retirement benefits
(DBN)

Central Falls receiver waits for word on schools
(DBN)

Taveras: Downgrade 'no surprise,' 'no easy solution' for Prov.
(DBN)

The Biggest Muni Bankruptcy in American History
(DBN)

Municipal Bond Insurer Said to Agree to Talks on Stockton
(DBN)

Pennsylvania's Harrisburg Debt Grows as Ambac Joins List
(DBN)

JP Morgan and the Largest U.S. Municipal Bankruptcy
(DBN)

Public pensions remain private in too many places
(DBN)

Unions Send Doctor Bills to Taxpayers
(DBN)

All but 7 states cut public pensions during the last three years
(DBN)

______________

Corporate Reform:

Citigroup-SEC Trial Is Delayed by Federal Appeals Court
(DBN)

______________

Gambling:

Native American 'Tribe's' Bankruptcy Raises Legal Questions
(DBN)

______________

MF Global:

Senators advise against paying MF Global bonuses
(DBN)

Stabenow urges bankruptcy trustee to drop bonuses for MF Global execs
(DBN)

Barclays, Seaport eye bulk buys of MF Global claims
(DBN)

The full MF Global creditor list
(DBN)

______________

Fraud:

Rothstein trustee still fighting with software baron
(DBN)

Rakoff Takes Mets-Related Case to Review ‘Good Faith’ Issue
(DBN)

Mets $303 Million Madoff Trial Is Bet-the-Company Case for Owners, Trustee
(DBN)

Mets owners risky strategy
(DBN)

Chicago consultant charged with insider trading
(DBN)

______________

Student Debt:

Should student-loan borrowers get a bailout?
(DBN)

______________

Baseball:

Gruber Joins Bid for LA Dodgers
(DBN)

______________

Finance:

As crisis fades, risk returns to asset-backed debt
(DBN)

______________

Politics:

How Scott Brown got his mojo back
(DBN)

Elizabeth Warren's opponents go after Cher ‎
(DBN)

Leaving Congress gets you an average raise of 1,452%
(DBN)

______________

Food/Beverage:

Colorado Papa John's restaurants for sale
(DBN)

______________

Religion:

Crystal Cathedral Downfall Offers Cautionary Tale For Family Ministries
(DBN)

______________

Banking:

Big Bank CEOs Take Home Massive Paychecks As Savers and Shareholders Get Crushed
(DBN)

Taibbi compares Bank of America to "the world's worst-behaved teenager"
(DBN)

When it's ok to gripe about your bank's culture -- a handy chart
(DBN)

The Fed's No Stress Stress Test
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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 Vitro, Dynegy, Fuller Brush
(DBN)

Rochelle on Madoff, Berlian Laju, Retirement Accounts
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

One of These Things is Not Like the Other: 9th Circuit B.A.P. Holds That Bankruptcy Court May Consider the Existence of a Third-Party Source of Recovery When Determining Whether Unsecured Claims Are “Substantially Similar”
(DBN)

______________

Bar Dates:

New Century: Bankruptcy Court Upholds Finality Of Bar Date Even Where Result Seems “Harsh”
(DBN)

______________

Standing:

Sixth Circuit rules that United States lacks standing in case against bankruptcy trustees
(DBN)

______________

Insurance:

Recent Scandals, Bad Economy Spur Companies to Up D&O
(DBN)

______________

Autos:

Biden denounces GOP opposition to auto bailout
(DBN)

Ford's rejection of federal aid 'moment that really separates us'
(DBN)

Stakes are high for GM to revive Opel
(DBN)

Auto Parts Suppliers Pick Up Hiring Pace
(DBN)

Cheap Cars Key to Getting Off Public Aid
(DBN)

______________

Gambling:

Epic Poker Bankruptcy Leaves Mountain of Debt
(DBN)

______________

Alternative Energy:

Evergreen Solar to abandon property
(DBN)

______________

Retailing:

Lampert's ESL Agrees to Fund Sears Supplier Payment Guarantees
(DBN)

Sears planning more cutbacks
(DBN)

______________

Magazines:

Judge sets new deadline in Jewish Times bankruptcy
(DBN)

______________

Hedge Funds:

Hedge Funds Face Higher Insurance Rates in 2012
(DBN)

______________

Mass Torts:

Attorneys trade accusations of manipulating asbestos courts
(DBN)

______________

Consultants:

Epiq Systems shifts focus from bankruptcy to e-discovery services
(DBN)

______________

Non-Profits:

Trustee appointed in State Fair case
(DBN)

______________

Celebs:

Gary Busey I Graduated From Debt School!
(DBN)

______________

Health Care:

How the Experts Would Fix Health Care
(DBN)

______________

Derivatives:

Swaps Industry Debates Bankruptcy Code Fix to Protect Customers
(DBN)

______________

Corporate Reform:

Bank Whistle-Blower Wins $18 Million Payday in Foreclosure Deal
(DBN)

______________

Sovereigns:

Why Some Countries Go Bust
(DBN)

______________

UK:

Fitch Warns UK's AA A- Rating at Risk
(DBN)

U.K. FTSE 100 Boards on Track for Goal of 25 Percent Women Directors
(DBN)

Glamour couple in financial hot water
(DBN)

UK’s Wealthy Cheered by Reported End to 50% Tax
(DBN)

______________

EU:

Company Bond Risk Little Changed in Europe, Default Swaps Show
(DBN)

Sorry, Eurozone Crisis Far From Over
(DBN)

Merkel Allies Cite Limit to Bailout Backing Before Firewall Call
(DBN)

______________

PIIGS:

IMF backs $36.56B Greek aid; S&P rates new bonds but holds sovereign rating
(DBN)

Greece: crashing out of another index
(DBN)

Young Greek Professionals Explain Why They're About To Pack Up And Leave
(DBN)

Q4 Greek unemployment rises to 20.7 pct
(DBN)

Greek restructuring delay helps banks as risks shift
(DBN)

Troubled Spain, Portugal now desperate for rain
(DBN)

Morgan Stanley Wins Big on Italy's Bad Bet
(DBN)

Wilbur Ross's Irish Bank Winnings Tested by EU Vote
(DBN)

St. Patrick's Day Message: Ireland Isn't Greece
(DBN)

______________

Germany:

Insolvency admin sells parts of Solar Millennium
(DBN)

______________

Hong Kong:

HK bankruptcy petitions rise 46 pct in Feb vs Jan
(DBN)

______________

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Copyright 2012