March 28, 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:

Shake It Up! Dewey & LeBoeuf Overhauls Its Leadership --- Dewey or Don’t We: Abnormal or New Normal? --- Leaked Letter Cites Revenue Jump --- Dewey Know How Many People Can Manage a Firm at One Time? --- Memo reveals full details of top-level management overhaul --- Dewey Shakes Up Management in Bid to Turn the Page --- Dewey chair relocates to London as part of top-level revamp --- Are Dewey's Difficulties A New Law Firm Trend?
(DBN)

MF Global General Counsel Tells Congress of the Firm's Collapse --- Resisted Giving Assurances on Transfers --- Didn't Know The Seriousness Of The Customer Shortfall Until Final Hours
(DBN)

An Oracular Utterance from Sullivan & Cromwell on Spring Bonuses
(DBN)

Obama's Lawyer Had A Meltdown Just 25 Seconds Into His Supreme Court Argument
(DBN)

The ranks of nonequity partners grew by 8 percent during 2011
(DBN)

Ex-Hogan Lovells partner pleads guilty to expenses fraud

Judge OKs Class Action Against Major Law Firms
(DBN)

Thelen trustee reaps $1 million from law firms
(DBN)

Leader of Faegre Baker Daniels Office in Ft. Wayne, Ind., is Shot at His Home
(DBN)

Littler Partner Recovers from Stabbing After Las Vegas Home Invasion
(DBN)

Foundation Drops Suit Against Pryor Cashman
(DBN)

Neon in the Workplace: Blinding or Beautiful?
(DBN)

Motley Rice and Mississippi Solo Hit With Sanctions in ITT False Claims Act Case
(DBN)

The Plot Thickens: Some ‘Orange Workers’ May Have Been Protesting After All
(DBN)

Small-Firm Lawyers Need Recess
(DBN)

ATL March Madness (2012): The Most Honest Law School Final Four
(DBN)

RBS, UBS, Goldman, Health-Care Law, J&J, JPMorgan in Court News
(DBN)

Mother Seeks Trayvon Martin Trademarks --- An Unfortunate T-Shirt Hits Florida Streets In Wake Of Trayvon Martin Killing --- Heat Turned Up for Arrest of Trayvon's Killer --- Cops: Trayvon protesters ransack store --- No_Limit_N****: Trayvon's Twitter handle --- Trayvon Martin case: He was suspended three times and caught with 'burglary tool' --- Faking the ‘Truth About Trayvon’ --- The Smears Against Trayvon Martin And Why They Aren't Relevant
(DBN)

Man, 80, charged after shooting burglar in own home
(DBN)

126 former players sue NFL over head injuries
(DBN)

2nd Lawyer Takes Plea in NJ Tax-Lien Bid-Rigging Case; Federal Probe is Ongoing
(DBN)

Law School Enrollment is Up — At Least at These Schools
(DBN)

Warning Labels for Purchasers of a Legal Education
(DBN)

Inside the Law School Scam: The end of the law school tuition bubble?
(DBN)

More on Fraudulent Employment Data Reporting
(DBN)

New dean at Arizona State; vacancies loom at Michigan, Connecticut
(DBN)

Appeals Court Flushes Claims Brought by ‘Joe the Plumber’
(DBN)

Buddy Trahan Needs a Ride
(DBN)

Randy Barnett - Criticism of Health Care Law Became Mainstream
(DBN)

Ex-Fitness committee lawyer suspended for groping client
(DBN)

Lawyer Is Impetus for ‘Cash Mob’ Phenomenon
(DBN)

The Busy Lawyer’s Guide to ‘Aggravated P------’
(DBN)

Shocking Sports Agent’s Tell-All Is A Must-Read
(DBN)

Man Forced Stepson to Eat Screws
(DBN)

Lawsuit Blames Apple's Glass Doors for Plaintiff's Broken Nose
(DBN)

Train company ordered to pay up over delays that cost legal secretary her job
(DBN)

Mug Shots
(DBN)

Trendy, non-prescription eyewear latest in criminal defendant strategic attire
(DBN)

Nutriloaf: The prison food that just might be unconstitutionally bad
(DBN)

Obama's illegal uncle surrenders license for 45 days after drunk-driving charge
(DBN)

Say What?!
(DBN)

______________

Judges:

‘A Train Wreck’ for the White House? Rounding up the Health-Care Coverage --- Justices Throw Tough Questions --- Both Parties See Signs They’ll Win --- Kennedy: Feds Have ‘Very Heavy Burden of Justification’ --- Obamacare Challengers Score Points But May Have Lost Kennedy --- The Search for Anthony Kennedy’s Soul --- Justice Kennedy’s “Heavy Burden of Justification” --- Kennedy Hostile But Still Swingy? Gov’t Blew the “Tax” Argument? Sotomayor, Breakout Star? --- Skeptical Kennedy signals trouble for Obama's healthcare law --- Roberts will likely vote to strike down Obamacare --- Supreme Court divided over Obama healthcare law --- Obamacare’s most influential legal critic on Tuesday’s oral arguments --- So Healthcare walked into a bar… --- Twitter coverage of Supreme Court gets shut down --- Audio - Day 2 --- Transcript: Day 2
(DBN)

8th Circuit upholds judicial campaign restrictions
(DBN)

Judges in San Luis Obispo and Fresno Oppose Installation of Money-Hungry IT System --- IT Project Sinks in Sea of Criticism
(DBN)

Talked Into Giving Up Gun By Judge, Man Gets 2 Years
(DBN)

Veggie Mandates? Justices Ask How Far Gov't Can Go
(DBN)

Murder Case Defense Seeks Disqualification of Ga. Judge Who Attended Funeral of Slain Cop
(DBN)

______________

Wall Street:

Stock futures edge lower before consumer data
(DBN)

Dip in consumer confidence sends stock market lower
(DBN)

Wall Street slips, but winners gain as quarter's end near
(DBN)

Comp Ratios at I-Banks: How Goldman Stacks Up to Boutiques
(DBN)

How The Major US Stock Indexes Fared On Tuesday
(DBN)

Bonus Watch ’13: Paulson And Co.
(DBN)

Report: John Paulson Resorting To Extreme Measures To Keep And Pay His Employees
(DBN)

______________

Layoffs:

Economic Anxieties Drive Some Older Workers
(DBN)

Bernanke Not Buying US Skills Mismatch Excuse
(DBN)

Top Ten US Cities for Job Growth
(DBN)

557 Los Alamos lab workers take voluntary buyout
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Baseball:

MLB approves Dodgers' finalists --- New owner looms for LA Dodgers
(DBN)

Magic Johnson group to buy Dodgers for record $2 billion
(DBN)

______________

Retailing:

Running of the Brides Reincarnation? --- Filene’s Basement and Syms Seek Approval of Bidding Procedures to Sell Intellectual Property
(DBN)

______________

Fraud:

In Gupta case, U.S. must disclose Blankfein deposition prep
(DBN)

Judge Orders Questioning of Goldman Chairman
(DBN)

Wiretaps Allowed In Ex-Goldman Director Gupta’s Insider Case
(DBN)

Gupta loses wiretap ruling, wins on SEC notes
(DBN)

UBS wins reversal of fraud finding in N.Y. CDS case
(DBN)

Merkin’s Madoff Feeder Funds to Pay Investors $226 Million
(DBN)

NY appeals court raises fraud bar for sophisticated investors
(DBN)

______________

Health Care:

Federal bankruptcy judge awards Christ Hosp to Hudson Hospital Holdco LLC
(DBN)

Cetero bankruptcy preceded by failed CRO sale; buyer abandoned final bid
(DBN)

Group Protests Peninsula Hospital Closure With Sit-In
(DBN)

An inconvenient truism for 'Obamacare' opponents: No one sets out to get sick
(DBN)

Health reform in cartoons
(DBN)

______________

Maritime:

End of the voyage for FastShip?
(DBN)

______________

Utilities:

Bankruptcy trustee rejects SME's power contract with PPL
(DBN)

______________

Hotels:

Sheraton Fort Worth Hotel files for bankruptcy
(DBN)

The World's Most Luxurious Hotel
(DBN)

______________

Economy:

Bernanke: Economic Recovery Has ‘Long Way To Go’
(DBN)

Gas Prices Could Lead to 'Hit on Growth': Bernanke --- Consumer confidence declines only a little in March, in spite of gas price spike
(DBN)

The Ubiquitous Mr. Bernanke
(DBN)

Consumer Concerns Shift From Jobs to Gas Prices --- Economic Issues Still Dominate Americans' National Worries
(DBN)

Consumer confidence wanes, inflation a concern
(DBN)

U.S. Weekly Economic Confidence Breaks Four-Year Ceiling
(DBN)

U.S. Consumer Confidence in March Holds Close to One-Year High
(DBN)

Recession cutting into prime earning years
(DBN)

Former Fed Governor Warns of Dangers of Proposed Reforms
(DBN)

How AIG Will — or Won’t — Generate a Bailout Profit for Taxpayers
(DBN)

The Entitled States of America: We Want More!
(DBN)

Bernanke: Fed was 'helpless' in Lehman
(DBN)

Bernanke Says 'Forceful' Response Prevented Worse Recession
(DBN)

Bernanke: Gas prices likely to go up through at least July
(DBN)

The $3.7 Trillion Question: Will Firms Start Spending?
(DBN)

M.B.A. Hiring Continues to Grow
(DBN)

Congress gives final approval to bill to boost startups
(DBN)

China's Surprising U.S. Buying Spree
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Case-Shiller: Home prices fall in January --- Home prices fall for fifth straight month
(DBN)

Shiller: Suburban Home Prices Will Not Rebound In Our Lifetime
(DBN)

The Worst Housing Market In The Country
(DBN)

House prices now back to early 2003 levels
(DBN)

Current Mortgage Rates
(DBN)

Bidding Wars Are Back
(DBN)

Toll Brothers "Orders up significantly", "Best Spring season in five years"
(DBN)

Marketing $25 Billion AG Settlement to Consumers is Key to Getting Money
(DBN)

Foreclosure Deal Credits Banks for Routine Efforts
(DBN)

Freddie Mac delinquency rate, loan mods remain relatively flat
(DBN)

FHFA sees falling mortgage rates across the board
(DBN)

Fannie Mae finds Americans remain committed to homeownership
(DBN)

Decreased at Slower Pace
(DBN)

Q&A: The Prospects for Commercial Real-Estate Lending
(DBN)

Bankruptcy Court Approves Grubb Sale to BGC
(DBN)

Bankruptcy Judge Appoints Trustee in Carter's Grove Case
(DBN)

Rarity Pointe fight moves to bankruptcy courtroom
(DBN)

Ally's Mortgage Misery Needs a Clean Ending
(DBN)

Oregon Department of Justice Seeks to Stop MERS Lenders From Wrongfully Foreclosing
(DBN)

Mortgage Lender Wants to Muzzle HUD
(DBN)

CFPB flexes TILA muscle in 10th Circuit
(DBN)

MBS Discovery Battles Heating Up, Impacting Litigation Timelines and Leverage
(DBN)

Metro Detroit home prices rose 1.7% in January compared with a year ago
(DBN)

_____________

Energy:

Cheap coal? Tell that to the dead miners' families
(DBN)

______________

Student Debt:

Is Student Debt the New Home Equity Loan?
(DBN)

______________

MF Global:

MF Global Finance Officer Scrambled to Cover Missing Funds --- Exec cites early worry on risk to funds --- Serwinski Says She Thought Fund Shortfall Was Error --- CFO says he had 'limited knowledge' of funds' movement --- MF Global's Corzine may face liability
(DBN)

Taking the fall at MF Global
(DBN)

MF Global Treasurer Goes From Back Office to Hot Seat
(DBN)

MF Global executive says banks denied transfer requests
(DBN)

Corzine is getting a pass — would you?
(DBN)

Smoke? Fire? Blame the cow
(DBN)

MF Global's Shortfall No Surprise, Some Say
(DBN)

MF Global Bonuses: Senators Look to Shame Plan With Resolution --- Stabenow and Roberts Introducing Bipartisan Resolution Opposing Bonuses
(DBN)

US standards board to review accounting used by MF Global
(DBN)

IRS Offers Tax Penalty Relief to MF Global Farmers
(DBN)

Icahn forgiving toward MF Global
(DBN)

MF Global won praise for risk handling
(DBN)

______________

Municipalities:

Legal tangle grows over Pa. capital's debts
(DBN)

Stockton Gets Ratings Cut by Moody's as Bankruptcy Option Looms
(DBN)

Former bankruptcy judge picked as Stockton's financial mediator
(DBN)

Detroit seeks answers to long-term debt problems --- Detroit nears deal, but is it a state takeover? --- Detroit: Leaders approve a short-term fix: Borrow $137M
(DBN)

Providence Chapter 9 Inevitable, Central Falls Receiver Says
(DBN)

Strapped Harrisburg, Pa. to get 2nd receiver for incinerator
(DBN)

Chicago school officials projecting huge deficit
(DBN)

The 20 Worst-Performing Cities In America --- The 20 Best-Performing Cities In America
(DBN)

Talks collapse between union and Boston Public Schools
(DBN)

London, New York Top Cities for Wealthy: Report
(DBN)

______________

Shipping:

General Maritime Announces Plan Agreement With Creditors Committee
(DBN)

______________

Corporate Reform:

Consumer agency to be active in court cases
(DBN)

Volcker rule could raise energy prices, study says
(DBN)

Protecting Privilege From CFPB's Grasping Hands --- CFPB Proposes Rule for Protection of Privileged Information ‎
(DBN)

______________

Religion:

Monsignor Distances Self From Indicted Child Abusers
(DBN)

US Catholic bishop had no 'duty' to report child abuse - lawyer
(DBN)

Trial of William J. Lynn: Implications for the Roman Catholic Church in America
(DBN)

Sex Abuse Trial Provides View of U.S. Church Practices
(DBN)

Complaint details charges against alleged monk
(DBN)

______________

Credit Repair:

Credit-Repair Companies en Route to Arbitration
(DBN)

______________

Non-Profits:

Former home of the State Fair of Virginia to be auctioned off in May
(DBN)

______________

Celebs:

Reports:Ex-Chicago Bulls Star Dennis Rodman Can’t Pay $800K Child-Support Bill, Could Face Jail Time
(DBN)

5 celebs hit hard by foreclosure
(DBN)

Before They Were Famous
(DBN)

______________

Student Debt:

Next on the Blame Game: Student Loans.
(DBN)

______________

Distressed Investing:

Collecting Default Interest From Solvent Debtors
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Petroplus Refinery, Takefuji Loans, Elpida Delisting
(DBN)

Rochelle on DRI and Three Important Bankruptcy Opinions
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

9th Circuit BAP Rules that an Undersecured Creditor’s Right to Recover from a Non-Debtor Source is Grounds for Separate Classification of its Claim Under Section 1122
(DBN)

______________

Litigation:

'Deepwater' Illustrates Practical, Legal Challenges of Admitting E-Discovery
(DBN)

______________

Insurance:

Lloyd's Of London Lost $822 Million In 2011, Second Worst Year Ever For The Insurance Industry
(DBN)

______________

Aviation:

American Airlines asks bankruptcy judge to break union contracts --- Files motion seeking to reject union contracts --- Memorandum of Law --- Part 2 --- Part 3 --- Part 4 --- Part 5 --- 6500 pages of why American needs to reject its union contracts --- Lays out American Airlines' arguments for rejecting labor contracts --- A breakdown of American's court filing on labor contracts --- CEO's letter to workers --- American Wants To Scrap, Restart Union Negotiations --- APA's Bates: American Airlines should consider what kind of airline it wants after the dust settles --- APFA president Glading: American is 'overreaching' with unfair proposal --- American Airlines wants to quit paying for medical benefits for retired employees --- Horton: Here’s why we filed motions to reject union contracts --- Allied Pilots Association: “Will Not Foster Long-Term Success” --- What exactly is the Section 1113 process?
(DBN)

AMR Wants Information on Union Contract Rejection Secret
(DBN)

JetBlue flight diverts to Amarillo after captain becomes 'ill' (mentally)--- The Worst Flight Number: 191
(DBN)

A Fourth US Airport Will Offer Relaxation Suites for an Hourly Charge
(DBN)

Hawker Beechcraft avoids bankruptcy --- Has forbearance agreement
(DBN)

In New York, airplane phone calls could land you in court
(DBN)

Mounting Doom For Kingfisher Airlines As More Flights Grounded
(DBN)

Air Canada Pilots Cautious on New Realities
(DBN)

Baggage Handlers Behind 200 Thefts a Day at JFK... 'Luggage profiling' for most expensive brands
(DBN)

______________

Alternative Energy:

Bankruptcy probe finds no evidence of wrongdoing at Solyndra --- No smoking guns --- Solyndra Kept Government Informed, Report Says --- The Report
(DBN)

Obama's Solyndra shuffle
(DBN)

Solyndra, feds knew risks, official says
(DBN)

What you should know from the new Solyndra report
(DBN)

Solyndra report misses the point
(DBN)

Trustee Brings FBI, Accounting Experience to Solyndra Probe
(DBN)

White House turns over 432 pages of documents in Solyndra inquiry
(DBN)

EV firm files for bankruptcy, lays off 50 workers
(DBN)

Bankrupt Evergreen Solar sells Devens plant
(DBN)

______________

Telecoms:

Lost Phones Cost Americans $30 Billion a Year
(DBN)

______________

Politics:

Scott Brown, Elizabeth Warren ready to go toe to toe on Obamacare ‎
(DBN)

Santorum turns testy as fortunes slip
(DBN)

Gingrich Begins Charging $50 for Photos --- Campaign 'redesigned' by layoffs
(DBN)

Mitt Romney's California beach house has an elevator for his cars
(DBN)

______________

Banking:

Wells Fargo Must Face Securities Lending Class-Action Lawsuit, Court Rules
(DBN)

______________

Autos:

EV firm tied to Ford files for bankruptcy
(DBN)

______________

Newspapers:

Lee's CEO gets a $500,000 post-bankruptcy bonus
(DBN)

Report: Buyers offer $60M for Philly newspapers
(DBN)

______________

Oil/Gas:

Prepare for a New Era of Oil Shocks
(DBN)

Petroplus to dispose of assets and delist
(DBN)

______________

Tax:

Guess Who Wants to Kill Corporate Tax Reform?
(DBN)

Tax Breaks Reduce Revenue by $1.1 Trillion
(DBN)

______________

Student Debt:

Durbin Redux: The Battle Over Student Loans
(DBN)

______________

Food/Beverage:

Hostess Trying to Sell Brands to Raise Cash
(DBN)

GE Capital: American Restaurant Industry Traffic Improving
(DBN)

______________

UK:

Solicitor declared insolvent in UK
(DBN)

UK insolvencies rise in February
(DBN)

Administrators called to Plymouth property empire in cash crisis
(DBN)

______________

EU:

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

OECD Urges ‘Ambitious’ Eurozone Reform
(DBN)

______________

Canada:

Former Aveos workers still up in the air about final cheques
(DBN)

Changing Horses in Mid Stream: Avoiding a Forced Liquidation by Converting from BIA Proposal Proceedings to CCAA Proceedings
(DBN)

______________

PIIGS:

Greece: Welfare Bodies Close to Bankruptcy
(DBN)

Greece bond protection pays out $2.89 billion after swap
(DBN)

With Privatization Lagging, Greece Ready to “Burn the Furniture”
(DBN)

Italy's Monti downplays worries over Spain
(DBN)

Portugal's woes drive personal bankruptcies
(DBN)

Services withdrawn: Madrid escorts declare war on banker clients
(DBN)

Citigroup: Spain debt restructuring more likely ‎
(DBN)

ie: Bank fights couple's plan for bankruptcy over €75m debt
(DBN)

Honohan Says 'Deal Likely' Over Anglo Promissory Notes
(DBN)

ie: Once-wealthy legal eagles now a big challenge for lenders
(DBN)

Ireland Sets Treaty-Vote Date
(DBN)

Ireland Likely to Win Break on Debt
(DBN)

______________

MENA:

'Restructuring deal of the year' award for Barclays
(DBN)

______________

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

Contact Us
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). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2012