March 27, 2012

The Daily Bankruptcy News

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Law:

Dewey brings forward negotiations with lenders on debt terms --- Adds Four Partners to Chairman’s Office
(DBN)

In-House: ‘Litigation Highlights!’ - Circular File
(DBN)

Court Filings Show Howrey Trustee Weighing Claims Against Former Firm Partners
(DBN)

Do you really want to make partner?
(DBN)

Oh No! French Women Better at Lawyering Too?
(DBN)

MF Global, Goldman, Wells Fargo, JPMorgan, S&P in Court News
(DBN)

How Latham’s Opening of a Chicago Office in 1982 Launched a Megafirm
(DBN)

In-House Counsel Face a Spike in M&A Litigation
(DBN)

Paul Hastings Represents Cetero Research in Bankruptcy Restructuring
(DBN)

Issue for Judge in Lawyer Perjury Case: How to Search Lawyer Files Yet Not Violate Client Privilege?
(DBN)

More Lawyer Jokes for the New Generation
(DBN)

Suit claims Weitz & Luxenberg stole case files from rival --- ‘Machiavellian Plot’ to Steal Asbestos Files --- Did This Asbestos Litigation Firm Steal a Competitor’s Client Files?
(DBN)

Dean Says ‘Law School Bubble’ Was 25 Years in the Making
(DBN)

The economics of small law and the cost of legal education
(DBN)

Assault of a child charges filed against bankruptcy lawyer
(DBN)

First Week With the New iPad: It's Hard to Put Down
(DBN)

IPad: The PC Killer
(DBN)

Lessons Learned in Upgrading a Law Firm Website
(DBN)

NU Law Student, 32, is Struck and Killed in Chicago Crosswalk; Driver Faces Felony DUI Case
(DBN)

Now Women Harvard Law Students Are Being Called “S----”
(DBN)

Reporting error costs St. Thomas its 'US News' ranking
(DBN)

Law Prof Part of ‘Super-Commuter’ Trend
(DBN)

The Quickly Exploding Law Graduate Debt Disaster
(DBN)

Observations about the Dismissal of New York Law School Lawsuit
(DBN)

Hoodie Law? Law Students Around the Country Stand Against Profiling
(DBN)

Is This Dean the First 2012 Casualty of the U.S. News Law School Rankings?
(DBN)

Social media are a potential minefield on the job
(DBN)

Free Software I Can’t Live Without*
(DBN)

"Mad Men" - Finally the social, legal issues surface
(DBN)

"The Good Wife" Shows Ugly Underbelly of Career Issues: Alicia squeezed between integrity and playing it safe
(DBN)

George Zimmerman: Trayvon Martin Decked Me And Was Pounding On My Head --- Why Lots Of People Think The Media Is Wrong About The Trayvon Martin Case
(DBN)

Man took girlfriend's 10-year old on burglary missions
(DBN)

Beauty Pageant Dumps Finalist Who Is Not a 'Naturally Born Female'
(DBN)

Lawyer's mental illness no excuse for default: court
(DBN)

Say What?!
(DBN)

______________

Judges:

Snapshot: Day 1 of healthcare arguments at Supreme Court
(DBN)

Supreme Court begins Obama healthcare law arguments --- ‘Boring Jurisdictional Stuff’; Which Justices Are in Play? --- Juris-My-Diction Crap --- Scalia and Kennedy In The Spotlight --- Day One Of The Supreme Court's Epic Obamacare Case Is OVER — Here's What Happened --- Supreme Court unlikely to delay Obama healthcare ruling --- Where Do Lawyers Prepare for Health Care ‘Endurance Contest’? A Law School and Possibly a Lunchroom --- Tax? Penalty? Even Obama's Lawyer Is Confused --- Waiting (and Sleeping)in Line, for View of Health Care History --- Quasi-Live Blogging --- ‘We’re sleeping between the Capitol and the Supreme Court. We’re really at ground zero.’ --- Court moves to heart of Obama healthcare case --- Audio - Day 1
(DBN)

Disbarment Recommended For Former Judge Caught On Tape
(DBN)

High Court is the Place to Be, Santorum Decides
(DBN)

Diversity Lacking, as 'Old White Men' Still Dominate Arbitration World
(DBN)

5 Real Judges Who Put the Most Evil Supervillain to Shame
(DBN)

______________

Wall Street:

Stock futures up, Bernanke reaffirms rate resolve
(DBN)

Stocks rise sharply after Bernanke suggests economy still needs help
(DBN)

Help Greg Smith Name His Book
(DBN)

Broken Job Markets And QE3: Bernanke Feeds Wall Street's Addiction
(DBN)

Wall Street Admits It’s to Blame For Public Perception–Survey
(DBN)

______________

Layoffs:

How the recession changed where the jobs are, in one chart
(DBN)

Retiring Baby Boomers Is Bad News For US Productivity
(DBN)

The Top 10 American Cities For Job Growth
(DBN)

What's keeping vets from getting work
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

Bankruptcy battle over Christ Hospital continues --- Bidders due in bankruptcy court today --- Judge trustees creditors still weighing options
(DBN)

Contract Research Files Bankruptcy With Plan to Sell Assets --- Obtains DIP Loan -- FDA accusations of 'corrupt' lab practices push Cetero into bankruptcy
(DBN)

Peninsula Hospital closing after long stay in critical condition --- Hundreds of Jobs Lost
(DBN)

McLaren Officials Expected in Cheboygan This Week
(DBN)

Health Care Too Big to Not Consider Restructuring
(DBN)

______________

Equipment Rentals:

Ahern Rentals Seeks More Time To File A Restructuring Plan
(DBN)

______________

Mass Torts:

Bill aids asbestos defendants that didn't file for bankruptcy
(DBN)

R.J. Reynolds Loses Bid to Fight $28 Million Smoker Verdict in High Court
(DBN)

______________

Politics:

The Ascendance of Elizabeth Warren
(DBN)

US Sen. Brown to write 2nd check under ad deal
(DBN)

Mitt Romney's hedge fund kingmaker
(DBN)

Rick Santorum Completely Loses His Cool
(DBN)

______________

Autos:

BSFS case shifts to Missouri
(DBN)

Turnaround Firm Already Making 6x On Auto Parts Co.
(DBN)

Why Millennials Couldn't Care Less About Getting A New Car Anymore
(DBN)

Judges Releases Holley From Probation
(DBN)

Opel to discuss plan for recovery
(DBN)

______________

Distressed Investing:

Behind Every "Distressed Asset" Is a Distressed Human Being
(DBN)

______________

Banking:

Bank Regulators Scrutinize Leveraged-Finance Loans
(DBN)

Ranking the Largest U.S. Banks
(DBN)

SocGen wins damages from UK newspaper
(DBN)

______________

Economy:

QE3 Remains Likely
(DBN)

The Rich Get Even Richer
(DBN)

Treasury Yields: The ‘Real’ Story from 1920 to Now
(DBN)

Services Displace Factories in U.S. Expansion
(DBN)

Dallas Fed Manufacturing Survey Plunges To 10.8
(DBN)

Bernanke calls US job market weak despite gains --- Says U.S. needs faster growth
(DBN)

Plosser: Fed overstepped in buying mortgage-backed securities
(DBN)

Fed's Plosser: U.S. growth to be about 3 percent in 2012
(DBN)

More Americans move to cities in past decade
(DBN)

AIG’s Tax Break: a “Stealth Bailout”?
(DBN)

AIG CEO: Taxpayers will profit on bailout
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Pending Sales of U.S. Existing Homes Hold Near Two-Year High --- Sales dip 0.5 percent in February --- Unexpectedly Contracts --- Down monthly but up yearly --- California pending home sales shoot up in February
(DBN)

Trump's Troubled Florida Tower
(DBN)

Mortgage Rates for Monday, March 26, 2012
(DBN)

Principal Reduction and Strategic Default
(DBN)

Calling DeMarco's Bluff? Use the GSEs' Market Power to Force 2d Lien Write Downs
(DBN)

John Walsh: Foreclosure settlement, consent orders do not conflict
(DBN)

FHA Bailout Risk Looming Larger After Guarantee Binge
(DBN)

FHA to deny mortgage backing for credit disputes above $1,000
(DBN)

Finally, A Commonsense Proposal in the Mortgage Foreclosure
(DBN)

Why BofA's latest plan is drawing little protest --- Faces hurdles in rentals --- BofA: The New Landlord
(DBN)

How One Local Official in North Carolina Is Trying to Hold Wall Street Giants Accountable for Widespread Fraud
(DBN)

Deutsche Bank to Pay $32.5 Million to Settle Mortgage Suit
(DBN)

Colorado lawmakers nix foreclosure reform bill, "overkill"
(DBN)

Only one bid in Cliffs foreclosure
(DBN)

Advocates Seek to Eliminate Foreclosure 'Shadow Docket'
(DBN)

US Bank Regulator Defends Foreclosure Reviews
(DBN)

Recovery Turns to Relapse?
(DBN)

Shiller: I Am Not Convinced of a Turnaround in Housing
(DBN)

US faces messy problem at Ally Financial --- Ally Financial's ResCap Move Hinges On Operating Agreement
(DBN)

Givan Ranch land swap on indefinite hold
(DBN)

Second Person Found Dead In Massive Homeowners Association Scandal
(DBN)

What $1.5 Million Will Buy In Housing Markets Around The US
(DBN)

S&P: E-Commerce Success Could Lead To CMBS Problems
(DBN)

_____________

Compensation:

New McDonald's CEO to get 26% raise
(DBN)

______________

Oil/Gas:

Defense of oil speculation is just plain wrong
(DBN)

Democrats target oil company tax breaks
(DBN)

______________

Fraud:

Ailing Parmalat founder says he caused suffering in fraudulent bankruptcy of dairy empire
(DBN)

Madoff Trustee's Settlement With Picower Is Upheld by Court
(DBN)

Charities: Proper Clawback Targets in Ponzi Scheme Cases?
(DBN)

US fugitives Claim to be Staying at St. Kitts Marriott Resort
(DBN)

Court OKs CIT Group $75MM Accord in Fraud Case
(DBN)

Fund lawsuit vs Ernst & Young over Madoff dropped
(DBN)

Stanford case against Willis can be heard
(DBN)

Pension Fund Says Auditors Missed Ponzi
(DBN)

Class action against Greenberg Traurig certified
(DBN)

Deloitte Aided Pension Fraud, Fund Claims
(DBN)

Former hedge fund manager accuses Goldman of forcing him into a life of chicken farming
(DBN)

Federal SEC investigates Donnan bankruptcy
(DBN)

What not to do if you're suing a Facebook billionaire
(DBN)

______________

Aviation:

American Airlines' Rejection Plea
(DBN)

Court appoints retiree committee in AMR bankruptcy case
(DBN)

AMR wants to emerge from bankruptcy quickly
(DBN)

AP talks to AMR/AA chairman Tom Horton
(DBN)

British Airways parent looking into American Airlines investment
(DBN)

At least one AA union is reminding its members that they can't start a job action
(DBN)

Wall Street really doesn't like the American Airlines business plan
(DBN)

Report: Direct Air execs fled, escrow account may have been tapped --- Direct Air refund money may be stolen
(DBN)

Kingfisher Airlines to shut 25 centres, 3500 workers affected
(DBN)

______________

Television:

Court lets bankrupt owner sell TV station KIKU
(DBN)

______________

Corporate Reform:

Bank Watchdog a Paper Tiger
(DBN)

The Wall Street Journal offers its elite readers the best in prison survival tips
(DBN)

Prison Life Not Such A Bad Deal
(DBN)

FTC Tells Net: Agree to Stop Invading Privacy (Or We'll Say 'Stop' Again)
(DBN)

House sets up evening Dodd-Frank vote on privilege issue
(DBN)

______________

Municipalities:

Michigan Court Reverses Judge’s Review Order in Detroit Financial Crisis
(DBN)

Chapter 9, A Brave New World
(DBN)

States where seniors cannot afford to live
(DBN)

______________

Hotels:

Bankruptcy trustee taking offers on Maui Oceanfront Days Inn
(DBN)

______________

Debt Collection:

The End of Off-Shoring Collection Agencies?
(DBN)

Student Loan Debt Collection Market Attacked by Bloomberg
(DBN)

______________

Textbooks:

Nebraska Book Company’s Amended and Restated Plan Support Agreement Approved; Vote of Confidence from Senior Noteholders
(DBN)

______________

Religion:

Church official called "keeper of secrets" in US abuse case
(DBN)

______________

Tax:

U.S. Offshore Tax-Evasion Probes Said to Slow as Prosecutors Change Jobs
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Elite Eight of Chapter 11
(DBN)

Rochelle on Tousa Fraudulent Transfers, Madoff
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Valuation:

Robert Stark of Brown Rudnick Discusses Contested Valuation in Corporate Bankruptcy
(DBN)

______________

Stays:

In re Lear: Litigants Enjoined from Pursuing Pre-Plan Effective Date Antitrust Claims
(DBN)

______________

Sales:

Denying Secured Creditors the Right to Credit Bid in Chapter 11 Cases and the Risk of Undervaluation
(DBN)

______________

Litigation:

Court blocks witness from joining case
(DBN)

Training of Predictive Coding Systems Fosters Debate
(DBN)

______________

MF Global:

MF Global's Top Lawyer Will Break Her Silence --- MF Global’s Ferber Says JPMorgan Sought Assurance on Transfers --- Says was unaware of improper fund use
(DBN)

MF Global's Steenkamp Says He Had Little Knowledge of Fund Moves
(DBN)

E-Mail Clears Jon Corzine, Sort Of --- Hype At the Wall Street Journal --- Corzine's smoking-gun email --- Jon Corzine on Not Knowing --- Friends of MF Global's Edith O'Brien: 'She's Being Set Up As A Patsy' ---More on “JC's direct instructions” --- “The People v Jon Corzine et al” --- Corzine denials continue as MF Global scandal deepens
(DBN)

Did Jon Corzine Lie to Congress about Missing MF Global Funds?
(DBN)

Big Bankruptcy Hits Home for Farmers
(DBN)

MF Global clients see recovery prospects improving
(DBN)

IRS waives fines for farmers missing MF Global tax info
(DBN)

______________

Education:

Private Schools Mine Parents' Data, and Wallets
(DBN)

______________

Financial Advisors:

Study: Financial advisors encourage exactly the bad choices individual investors should avoid
(DBN)

______________

Student Debt:

Student-loan holders hazed by private-debt collectors, critics charge
(DBN)

______________

Museums:

Two Vegas mob tours may be one too many
(DBN)

______________

Cross-Border:

Vitro Bondholders Win Court Ruling on Defaulted Debt
(DBN)

______________

Food/Beverage:

'Pink Slime' maker suspends some plant operations
(DBN)

Hostess with the leastest
(DBN)

______________

Gambling:

State deal: Suffolk OTB can seek bankruptcy
(DBN)

______________

IP:

Waving goodbye to the FastShip
(DBN)

______________

Telecoms:

Sprint CEO's compensation rises 31 percent
(DBN)

______________

Bankruptcy Crimes:

Bethesda Woman Indicted On Bankruptcy Fraud Charges
(DBN)

______________

UK:

PwC: GAME job losses are "regrettable" --- 2,100 jobs cut
(DBN)

Medium business insolvency rates fall ‎
(DBN)

FSA gives brokers 48 hours to reveal client assets
(DBN)

Brokers: Returning bankrupt client assets
(DBN)

Insolvency Dashes Worldspreads’ Ambitions
(DBN)

GM's Vauxhall Workers Fear Plant Closure
(DBN)

______________

EU:

German Leader Agrees to More Bailout Money for Euro Zone Nations - Open to raise crisis firewall to $930 bn
(DBN)

Nervous Banks Hold Back Europe's Revival Strategy
(DBN)

______________

PIIGS:

Greece: Creditor protection is no panacea
(DBN)

Coastal shipping firms sailing into perilous waters
(DBN)

EU Commission Denies Reports of New Troika Talks on Greek Cuts
(DBN)

ISDA to review CDS clause some blame for Greek yield spike
(DBN)

A Greek odyssey: Greece's sovereign debt restructuring and its impact on holders of Greek bonds
(DBN)

82 Billion Drachmas “Missing”…
(DBN)

Spain's jobless immigrants take on banks over mortgages
(DBN)

ie: Property Prices Fall By 18%
(DBN)

______________

Canada:

Nortel bosses wanted loss: trial
(DBN)

Ottawa sets up Aveos commission
(DBN)

Ottawa hints at changing Air Canada law
(DBN)

Azure Dynamics to File for CCAA Protection
(DBN)

______________

Germany:

German business confidence rises in February for fifth month in a row
(DBN)

German GfK Consumer Confidence Set To Weaken In April
(DBN)

______________

Canada:

Ban on brothels is unconstitutional: Ontario court
(DBN)

______________

Japan:

Japan pension fund head 'sorry' for huge losses
(DBN)

Elpida Closes at 1 Yen Before Delisting on Bankruptcy
(DBN)

______________

Asia:

Appleby unveils new Asia litigation and insolvency team
(DBN)

______________

Russia:

Ex-Russian Banker Remains in Coma as Police Seek Information
(DBN)

______________

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Copyright 2012