March 2, 2012

The Daily Bankruptcy News

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Law:

Unfunded Pensions Are BigLaw ‘Elephant in the Room’; Future Annual Payout Is $65M at One Firm
(DBN)

Lehman Pays Bankruptcy Advisers $20 Million in January
(DBN)

White & Case partner billings under scrutiny in performance crackdown
(DBN)

Dewey Have a Plan of Action?
(DBN)

Profits Rise as Revenue Falls at Nixon Peabody
(DBN)

From Biglaw to Boutique: The Bigger They Are, The Harder They Fall
(DBN)

Bonus Watch: Winston & Strawn
(DBN)

Show Them the Money: Where Are the Spring Bonuses?
(DBN)

Six big firms would make it into the FTSE100 if floated
(DBN)

Another Legal Industry First (Not): The Wage Gap Between Men And Women In Selected Industries
(DBN)

Having a Simple Name Is Good in the Legal Workplace
(DBN)

Saddle Up and Hitch a Ride to Texas
(DBN)

In-House: The Injustice Of Trust
(DBN)

Ex-Attorneys General Back Siegelman
(DBN)

Holland & Knight Plans to Open Bogota Office, Only the Second Colombian Outpost for a Major US Firm
(DBN)

Florida Coastal law school removes case to federal court
(DBN)

Law School Transparency: That's so funny I forgot to laugh
(DBN)

At Last, a Rational Explanation for Why Law School Tuition Keeps Rising
(DBN)

Feds Arrest Mansion Dweller In Forced Labor Case
(DBN)

Halle Berry fires longtime lawyer
(DBN)

Charged with Felony After Driveway Dispute with Neighbor, Man Uses Surveillance Tape to Win Case
(DBN)

3 Lawyers Among 36 Charged in ‘Obscenely Profitable’ $279M Auto Insurance Fraud Case --- Dozens Involved in New York City Auto Insurer Fraud Scheme
(DBN)

2nd Trial Under Way for Man Accused of Murdering Attorney Who Sued Him in Wrongful Death Case
(DBN)

Bring Your Own Device to the Law Firm
(DBN)

Superheroes of the Legal Profession: Sequestor
(DBN)

Major mistake: Defense attorney says jury should return 'guilty' verdict
(DBN)

Top 5 Lawyers Who Were Great College Hoopsters
(DBN)

Federal Investigators Pay Visit to Rich ‘Honkey’ Lawyer
(DBN)

"It made the showers hell"
(DBN)

"Black Madam" arrested for giving toxic b--- injections
(DBN)

The Interview Shame Thread
(DBN)

Family Barely Survives Bizarre Attack; Pet Bird Not So Lucky
(DBN)

Teacher Who Screened "-------" Movie In High School Latin Class Placed On Leave
(DBN)

"Wife looking for a K9"
(DBN)

Family Says Chicago Cops P--- on Their Mail
(DBN)

Say What?!
(DBN)

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Judges:

Federal Judge Apologizes for Racist Email About President Obama --- Files Complaint Over His Own Email About Obama
(DBN)

Newbie Federal Judge Surprised by Lawyers Willing to Squander Court Time on Finger-Pointing
(DBN)

The Roberts Court: Is Wonkier Worse?
(DBN)

Galleon Group Judge on the FBI's Insider-Trading Crackdown
(DBN)

Threats to judge not cause for recusal: advisory committee
(DBN)

Judge Orders Circuit Clerk to Personally Pay $9.5K for Missed Deadline and Suspends Her Staffer
(DBN)

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Wall Street:

Stock index futures point to lower open on Wall St
(DBN)

Stocks Close Mostly Higher On Upbeat Jobs Data
(DBN)

Goldman Sachs Japan Employees Have Done What Most Bankers Would Consider Unthinkable — They've Unionized
(DBN)

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Layoffs:

Weekly Initial Jobless Claims in U.S. Drop to Lowest Level Since March '08
(DBN)

Jobs scene brightens, but incomes, spending weak
(DBN)

Illinois jobless rate fell to 9.4 percent in January
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

Is America Blowing Its Chance To Lead In Electric Vehicles?
(DBN)

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Compensation:

The 40 Highest-Earning Hedge Fund Managers
(DBN)

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Soccer:

Servette falls into bankruptcy --- New investors eye Servette rescue
(DBN)

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Gambling:

Epic Poker League parent files for bankruptcy
(DBN)

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Hotels:

Hampton Inn bankruptcy leaves TDA wondering about next step
(DBN)

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Tech:

Baratte Says Elpida's Bankruptcy Will Benefit Rivals
(DBN)

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Health Care:

Cheboygan Memorial Hospital filed for Chapter 11 bankruptcy
(DBN)

The Perils Of Budget Plastic Surgery
(DBN)

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Banking:

This Is Where To Complain About BoA's Rumored Checking Account Fees --- BofA’s Fee Plan: Durbin Will Have None of It --- BofA Fee Plan Already Under Fire; Massachusetts Raises Issues
(DBN)

Banks quietly pursuing fees
(DBN)

Consumer agency hears bank complaints
(DBN)

______________

Municipalities:

Harrisburg Controller, Treasurer File Objections as Plan Hearing Begins
(DBN)

Harrisburg's State Appointed Receiver Presents his Recovery Plan--- Harrisburg Judge 'Is Inclined' to Approve Receiver's Plan --- Pennsylvania judge may approve Harrisburg plan
(DBN)

Keeping an eye on Stockton --- Stockton's sad tale --- More blows to Stockton's credit ---Ex-official's hands stained with red ink
(DBN)

If Stockton Is Broke, Then Why Isn't San Diego?
(DBN)

Jefferson County bankruptcy judge says creditors should be allowed to directly appeal his ruling
(DBN)

Cities, States Balancing Health Costs Amid Continuing Economic Problems
(DBN)

Hard times for Lincoln, but bankruptcy ?
(DBN)

Was Meredith Whitney Right About Municipal Bonds?
(DBN)

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MF Global:

Building Chaos at MF Global
(DBN)

MF Global Collapse Prompts Clash Over Collateral
(DBN)

Money transfer at MF Global took place in minutes
(DBN)

Agriculture committee presses CFTC Chairman Gensler
(DBN)

IRS urged to provide guidance to former MF Global customers
(DBN)

US futures players at odds on post- MF Global path
(DBN)

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Economy:

Bernanke Defends Fed's Securities Purchases
(DBN)

U.S. Manufacturing Expands at a Slower Pace
(DBN)

Unemployment applications dip to a 4-year low
(DBN)

US Exported More Gas Than It Imported in 2011
(DBN)

Oil Rises a Second Day on Iran Risk
(DBN)

World Bank: Millions Have Been Lifted Out Of Poverty, But Concerns Remain
(DBN)

Bernanke: US Headed for Massive Fiscal Cliff
(DBN)

Dallas Fed's Fisher: Banks Are 'Too Bigger To Fail'
(DBN)

Greenberg’s $25 Billion Claim Over AIG Bailout Should Be Tossed, U.S. Says
(DBN)

Lagarde's Mission to Save the World's Economy
(DBN)

The Poor Lives of Rich People
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Homebuilder American West files for bankruptcy
(DBN)

Broker William Holly files Chapter 7 bankruptcy
(DBN)

Negative Equity Traps One Third of American Borrowers --- Number of underwater homeowners grows: CoreLogic
(DBN)

Fannie REO inventory declines 27% in 2011
(DBN)

Mortgage rates hover near 60-year lows
(DBN)

Housing construction expenditures rise in January
(DBN)

S&P negative on mortgage insurance outlook
(DBN)

Unfinished Shell Of A Mansion Is The Most Expensive Home For Sale In San Francisco
(DBN)

The Latest in Bulk Buying? Try Houses
(DBN)

Justice Dept. Casts Wide Net with Mortgage Subpoenas
(DBN)

Fitch outlines hazards of principal reduction
(DBN)

Goldman: OK, We Were Wrong on Housing Too
(DBN)

Federal court ruling against MERS foreclosure in Oregon comes (again)as Republican lawmakers try to validate it
(DBN)

Nevada Supreme Court holds MERS assignments valid
(DBN)

Stop Driving Your Super Crazy With These 8 Stupid Moves
(DBN)

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Autos:

US Autos See Another Sales Jump In February --- Big sales for small cars --- GM Surprises Everyone By Growing Sales Without Incentives
(DBN)

Chrysler's February Sales Surge 40%
(DBN)

Detroit tests its latest survival kit
(DBN)

Car dealer Pat Bombard files for bankruptcy
(DBN)

Peugeot Debt Cut to Junk After Deal with GM --- GM, Peugeot Claim Mutual Gains from Pact
(DBN)

Ford May Lose Up to $600M in Europe
(DBN)

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Retailing:

Strong retail sales are sign of improving economy
(DBN)

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Banking:

Banks rally after panel says Greek deal didn't trigger derivatives payments
(DBN)

Criminal Libor Probe Cited by U.S. Judge in Denying Document Access
(DBN)

Life as Libor Traders Knew It Seen as Abusive by Collusion Investigators
(DBN)

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Aviation:

Republic Airways Q4 bright, forecast cloudy --- CEO says company can cut more costs at Frontier
(DBN)

AMR Wins Right To Hire Bankruptcy Advisers
(DBN)

AMR pilot faction says union ousted its members
(DBN)

AMR files financial statements in bankruptcy court
(DBN)

Virgin Atlantic Hires "Whispering Coaches"
(DBN)

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Food/Beverage:

Court orders Mamtek into involuntary Ch. 7
(DBN)

______________

Golf:

Cliffs plans to blast out of bankruptcy
(DBN)

Trinitas foreclosure auction delayed
(DBN)

______________

Strollers:

Stroller Giant Maclaren Declares US Bankruptcy . But Is It a Scam?
(DBN)

______________

Shipping:

General Maritime Reports Net Loss of $63.7 Million
(DBN)

General Maritime Disclosure Statement Approved by Court
(DBN)

Torm Shipping is “Sailing on the Edge of Bankruptcy, Analyst
(DBN)

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Credit Reporting:

Occupy Wall Street Wants The CFPB To Fix Our Credit Reporting System
(DBN)

Can Your Dismal Credit Score Hurt Your Chances At Scoring A Job?
(DBN)

______________

Corporate Governance:

Judge Slams Goldman, El Paso Chief --- Plenty of Warnings As El Paso Deal Squeaks By Judge --- Kinder deal conflicts deserve a second hearing
(DBN)

The Real Reason There Aren't Many Female CEOs Is Biology
(DBN)

Over The Past Year, Women Have Been Taking Charge Of The World’s Leading Corporations
(DBN)

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Student Debt:

Student Loan Debt Is Crushing The American Dream
(DBN)

______________

IP:

Federal appellate court addresses assignment of trademark licenses in bankruptcy
(DBN)

______________

Furniture:

Dallas' Avteq negotiating to acquire KLN Steel
(DBN)

______________

Mass Torts:

Travelers wins reversal in $500 million asbestos case --- The Opinion
(DBN)

Feds May Decline if BP Reaches Settlement
(DBN)

BP Faces Ruling on Gulf Liability as Pressure for $14 Billion Deal Mounts
(DBN)

______________

Debt Collection:

New FDCPA Bill Would Give Collectors More Leeway To Call Debtors
(DBN)

______________

Baseball:

Dodgers offer compromise to Bryan Stow bankruptcy claim
(DBN)

______________

Defaults:

S&P: 2011 corporate speculative-grade default rate higher ‎
(DBN)

______________

Politics:

Everyman Mitt Romney Once Wore A Garbage Bag Poncho --- Colbert: It's Almost Time To Start Loving Mitt
(DBN)

Study Shows Obama is the Most Moderate President
(DBN)

What President Santorum Would Do In His First Hundred Days --- The Jesus-Loving Cult of Rick Santorum --- Santorum's Economic Plan
(DBN)

______________

New Bankruptcy Opinions
(
1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (71 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:

Hostess, MF Global, Dynegy, Jeffco, AMR, Saab
(DBN)

Changes to Bankruptcy Law Fight Reorganization, Promote Liquidation
(DBN)

March Madness Is Coming!
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy filings continue to fall in Rochester region
(DBN)

Hawaii bankruptcy filings fall in Feb. for 11th straight month
(DBN)

Central TX bankruptcy filings fall again
(DBN)

NW Ohio Bankruptcy filings climb in Feb.
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Key 2011 decisions on chapter 11 plan confirmation issues
(DBN)

______________

Litigation:

Notes on a Joint Defense Group
(DBN)

______________

Labor:

Cash-Strapped Florida Transit Workers Union Files for Bankruptcy
(DBN)

______________

Personal Finance:

This Woman Paid Off $25,000 In Credit Card Debt In 2 Years
(DBN)

Your Love Life Could Be Putting Your Finances In Jeopardy
(DBN)

The Best And Worst Stuff To Buy In March
(DBN)

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Photography:

Analyst: Kodak SEC Filing 'Roadmap to Bankruptcy '
(DBN)

Shutterfly To Buy Kodak's Online Photo Sharing Platform For $23.8M
(DBN)

Crystal's picture-imperfect jab
(DBN)

______________

Celebs:

Martino wants “celebrity exception” in bankruptcy, lawyer says
(DBN)

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Tax:

Why H&R Block Is Lobbying To Get Tax Cuts For Mustaches
(DBN)

______________

Fraud:

Will Allen Stanford Walk? --- Stanford jurors deliberate; verdict wouldn't be public before Monday --- Jury: What's a scheme? --- Stanford jurors search for meaning
(DBN)

Decisions in Enron and Madoff cases confirm safe harbor protections
(DBN)

Kamala Harris argues California has right to pursue Madoff suit
(DBN)

Behind the Crackdown on Insider Trading
(DBN)

Steven Cohen's phones tapped in probe
(DBN)

Ultimate “Insider Trading" Is a Job for Serpico ‎
(DBN)

U.S. court revives portfolio pumping fraud case
(DBN)

German prosecutors launch 80 raids in insider probe
(DBN)

FSA widens insider trading investigation
(DBN)

______________

Hedge Funds:

The World's Biggest Hedge Funds Poured Money Into These Two Sectors Last Quarter
(DBN)

John Paulson: Why 2011 Was Such A Disastrous Year
(DBN)

______________

Cross-Border:

Non-US debtors and stakeholders can get substantial help in the US
(DBN)

______________

UK:

Barclays Takes 8.2B Euros of ECB Money
(DBN)

Rise in numbers applying for bankruptcy in NI, says expert
(DBN)

UK Bank Exec: Quantitative Easing is a Crisis
(DBN)

______________

EU:

European shares rise as ECB cash boosts banks
(DBN)

ECB credit card must be maxed-out by now
(DBN)

Europe Looks for Way Back to Economic Growth
(DBN)

Most EU leaders sign treaty aimed at debt crisis
(DBN)

Europe's Youth Unemployment Nightmare Just Got Worse
(DBN)

EU to Make Final Decision Next Week on Greek Bailout
(DBN)

______________

PIIGS:

Greek debt swap doesn't trigger insurance payout --- Fears for CDS market after Greek decision --- Gross Says ISDA Yet to Make Final Ruling on Greek Default-Insurance Payout --- Greek debt ruling dangerous precedent: PIMCO's Gross --- PIMCO Disagrees With PIMCO On The Greek CDS Decision --- Greek insurance payout still seen despite "No" vote --- Why the ISDA ‘No’ Vote on Greek CDS Actually Matters
(DBN)

The Players In The CDS Market Are Setting Themselves Up For Huge Losses
(DBN)

Hey Greece: Tax Fraud Is A National Sport In Germany Too
(DBN)

A Guide to the Big Greek Debt Swap
(DBN)

Greece May Default on Governments This Year, Kirkegaard Says --- Why Greece Hasn't Defaulted On Its Debt—So Far
(DBN)

Eurozone delays half of Greece's funds
(DBN)

Unemployed Man Shoots Three At Greek Factory, Holding More Hostage
(DBN)

Spanish jobless level hits 4.7 million in February
(DBN)

Italy's Seat shares jump with debt deal in sight
(DBN)

______________

France:

Sarkozy Had To Hide In A Cafe After Being Booed By Protestors
(DBN)

______________

Germany:

German retail sales fall unexpectedly in January
(DBN)

______________

Singapore:

How To Travel In Singapore Without Getting Caned
(DBN)

______________

Brazil:

Bond's 54-Cent Plunge Sends Message to Creditors
(DBN)

______________

MENA:

Egypt risks default within a few weeks
(DBN)

______________

Thailand:

Thailand develops court-supervised restructuring
(DBN)

______________

Russia:

Vladimir Putin and Mikhail Khodorkovsky: One Man’s Truth, Another Man’s Tyranny
(DBN)

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Copyright 2011