March 7, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: O’Melveny & Myers (And other OMM developments.)
(DBN)

You Need This Job, You Will Never Be in the Top One Percent
(DBN)

Thompson & Knight Bolsters Bankruptcy Expertise in New York
(DBN)

As Lehman Exits Bankruptcy, Weil's Tab Stands at Nearly $383 Million
(DBN)

Sanctions Affirmed for Frivolous Ch. 11 Bankruptcy
(DBN)

Stanford Verdict Could Be Bad News for Attorney and 2 Law Firms Facing Related Civil Cases
(DBN)

The Unfunded Pension Plan: Burden or Boon?
(DBN)

Judge: Lawyers might have padded expenses, threatens sanctions
(DBN)

Wealthy Americans Fear Costly Lawsuits
(DBN)

Curtis Mallet Heads to Kuwait, Baker & McKenzie Eyes India
(DBN)

White & Case revamps global pro bono offering
(DBN)

Stanford, Morgan Stanley, Lorillard, BP, Porsche, Madoff in Court News
(DBN)

Small-Firm Spinsters, I Have Good News
(DBN)

The Lawsuits Against Law Schools
(DBN)

Lawyer Says 2L Accused of Shoving Murder Was Defending His Girlfriend --- It Was All About A Girl
(DBN)

Is There A Facebook Snitch In Your Class?
(DBN)

Law School Transparency: When the levee breaks
(DBN)

You Can't Do Anything With a Law Degree
(DBN)

Mexican immigrant with NYC law degree is in limbo
(DBN)

Hacker Points to Weakness in LexisNexis Concordance
(DBN)

False Friends: the Ethical Limits of Discovery via Social Media
(DBN)

'The Good Wife': Matthew Perry In 'Blue Ribbon Panel' .
(DBN)

"I Have No Financial Problems, and My Firm Is Very Profitable."
(DBN)

Testimony: Sen. Tom Libous pressured law firm to hire his son
(DBN)

Man Dropped His Own Mugshot, Booking Sheet, While Robbing Store
(DBN)

Accused Road Rager Having a Hard Time Adjusting to Big City Life
(DBN)

Teen Tells His Grandmother He'll Cut Her If She Won't Let Him Duct Tape Her to Chair
(DBN)

Secret Meth Lab Sparked Fatal Fire at Ohio Nursing Home
(DBN)

Woman Killed When Husband Accidentally Shoots Cannon Into Home
(DBN)

Cops: Suburban soccer mom with 4 kids ran Manhattan brothel
(DBN)

Holder Promises To Kill Citizens With Care --- "When the government can kill you, explained"
(DBN)

Jurors' Tweets Upend Trials
(DBN)

Say What?!
(DBN)

______________

Judges:

Ex-Marine Gets 15 Years for Attacking Wife During Hearing in Judge’s Chambers
(DBN)

Law Students Train Teens to Staff Youth Court
(DBN)

Woman Jailed After Sending Texts Threatening Judge to Lawyer She Once Dated, Authorities Say
(DBN)

Human Rights Network calls on Judge Cebull to resign --- Cebull Not Likely to Leave Bench --- Unlikely to face removal --- Judge Cebull's Racist 'Joke' --- Think twice before hitting ‘send’ --- Democrats on House Judiciary Committee Seek Hearing
(DBN)

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Wall Street:

US stock futures point to higher Wall St open
(DBN)

European Stocks Rise Before U.S. Jobs Report
(DBN)

Stocks suffer worst slide of year
(DBN)

Seamless: The Greatest Scam Wall Street Ever Pulled
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Allen Stanford Found Guilty In $7 Billion Ponzi Scheme Case --- Swindle may keep Stanford behind bars for life --- Allen Stanford Puts On Unusually Brave Face --- Jury to Weigh $300 Million Seizure After Guilty Verdict
(DBN)

Stanford Jury: A Curious Bunch
(DBN)

Madoff Trustee’s Defendants Seeking New Judge Increase to More Than 400
(DBN)

Ex-Porsche CFO Charged With Fraud
(DBN)

______________

Baby Products:

Maclaren Bankruptcy Puts Amputated Finger Lawsuits In Limbo
(DBN)

Maclaren files for bankruptcy and a stereotype goes down with it
(DBN)

______________

Municipalities:

Emergency manager alone can't save Detroit: City's financial outlook called 'hopeless'
(DBN)

Michigan Voters May Cancel Emergency Manager Law to Stop Detroit Takeover
(DBN)

City counts cost of housing market crash
(DBN)

Mayor: Woonsocket could face bankruptcy by next month
(DBN)

Harrisburg Assets Lead Would-Be Buyers to Line Up in Pennsylvania Capital
(DBN)

S&P May Raise 1/3rd of US Local-Debt Ratings
(DBN)

Causes Of Municipal Defaults Could Be Changing, Moody's Says
(DBN)

States Facing 'Sleeping Cancer' in 96% Unfunded Retiree Benefits
(DBN)

Florida’s $1 Billion Public Worker Pension Funding Changes Tossed by Judge
(DBN)

______________

Health Care:

Jobson Medical Receives Court Approval Of Prepackaged Plan
(DBN)

82-Year-Old Grandma Blows The Lid Off Of Medicare Fraud In Texas
(DBN)

One Simple Reason Why Health Care Costs More In The US Than Anywhere Else
(DBN)

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Food/Beverage:

Sons of ex-Giordano's owners charged in shift of prime assets
(DBN)

How The Best-Selling Cookie In The World Is Made
(DBN)

______________

MF Global:

Corzine's Children Come To Dad's Defense, Rip Into Article About His Personal Life
(DBN)

Is MF Global a Deadbeat Dad?
(DBN)

Christie takes jab at former Gov. Corzine over MF Global financial woes
(DBN)

______________

Politics:

Ann Romney: 'I Don't Even Consider Myself Wealthy'
(DBN)

______________

Consumer Debt:

9 Cities Where Americans Cut Their Debt The Most
(DBN)

______________

Economy:

Why Liquidity Is No Longer Enough
(DBN)

Oil falls on Iran talks and Greek fears --- Oil rebounds on China demand outlook
(DBN)

Streak in gas price hikes ends at 27 days --- Why Gas Prices Aren't Likely To Reach $5 This Summer --- The 10 Countries That Would Get Hit Hard In An Iranian Oil Shutdown --- What The Worst-Case Scenario In Iran Would Mean For World Oil Prices
(DBN)

The Moment When America's Pity-The-Rich Attitude Started
(DBN)

Get Ready For A Poisonous Social Security Report
(DBN)

PricewaterhouseCoopers Chairman Says US Economy Recovering
(DBN)

Business Roundtable Proposes Obamacare to Restore American Competitiveness
(DBN)

New Yorkers Are Really Optimistic
(DBN)

Richard Koo: Don't buy the recovery hype
(DBN)

The 3 Economic Indicators That Can Predict The Economy
(DBN)

Robert Shiller: Capitalism Necessitates That We Rethink Human Nature
(DBN)

The 10 Countries With The Biggest Gold Reserves In The World
(DBN)

15 Black Swan Events That Could Destroy The US Economy In The Next Year
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

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Real Estate:

Houston's County Joins Texas Suit Seeking $10 Billion From MERS, Banks
(DBN)

Non-Collusive Mortgage Foreclosure Held Preferential
(DBN)

Obama unveils housing initiatives for military, FHA families
(DBN)

Foreclosure Sales Flood Market
(DBN)

FHFA, Freddie and Fannie Deaf to Reason on Foreclosures
(DBN)

What's So Hard About Winding Down Fannie and Freddie?
(DBN)

Lehman Brothers Amends Complaint Against Archstone Partners --- Says Zell’s Archstone Option Would Enrich Banks
(DBN)

Obama Unveils New JP Morgan, Wells Fargo Bailout Plan, Disguised As Mortgage Relief
(DBN)

Home-Price Scorecard: Still Down
(DBN)

Housing dependent on young, struggling Americans
(DBN)

Freddie Mac Faulted With FHFA for Insufficient Oversight of Loan Servicers
(DBN)

CFPB readies new mortgage servicing rules this year
(DBN)

Omaha: As liens pile up, builder hopeful
(DBN)

A Fabulous Tour Of The Foreclosures Of Beverly Hills
(DBN)

_____________

Lehman:

Lehman emerges from bankruptcy --- Continues liquidation --- 'Emerges' to disappoint, disappear --- Bankruptcy's legal tab: $1.6 billion ---Lawyers share in Lehman advisory bill of over £1bn --- Creditor Payback Starts in April
(DBN)

Lehman Brothers to boost the market?
(DBN)

______________

Student Debt:

America's University System Is Bankrupting A Generation
(DBN)

Bankruptcy Group Pushes for Student Loans to be Dischargeable
(DBN)

CFPB Opens Student Loan Complaint System
(DBN)

Either Party Can Occupy the Student Loan Issue
(DBN)

______________

Alternative Energy:

Energy-backed firms award bonuses, file bankruptcy
(DBN)

______________

Aviation:

Negotiations stall between American and employee unions --- Bankruptcy Returns as a Tool to Crack Unions
(DBN)

Pilots' bid for AMR bankruptcy committee denied --- Ex-TWA pilots don't get their own committee --- No decision on retirees committee
(DBN)

Sun Capital-Controlled Pemco Files For Chapter 11 Protection
(DBN)

Your Pilot Is Probably Sleep Deprived
(DBN)

Rockford-based airline, Ryan International, files for bankruptcy protection
(DBN)

Trouble Brewing For Mexicana Revival Bid
(DBN)

______________

Religion:

Schuller family claims may delay cathedral vendor payments
(DBN)

Crystal Cathedral donations plummet
(DBN)

Crystal Cathedral fires three Schuller relatives
(DBN)

______________

Politics:

Brown Campaign To Pay Up For Violation Of Outside Ad Pledge
(DBN)

Alabama Congressman, Under Insider Trading Investigation, Defends Himself in Ad
(DBN - NY Times - Paywall Limit Possible)

______________

Banking:

Bank Of NY Mellon Spams Thousands On Listserv Again And Again And Again
(DBN)

One Bank Has Admitted They Manipulated Interest Rates, But So Far Nothing Is Being Done
(DBN)

Court enjoins proposed 'good bank-bad bank' asset sale
(DBN)

Citigroup to use smartest computer ever built to improve cu stomer service
(DBN)

______________

Autos:

GM Linsanity: Buzzer Beater or Billion-Dollar Backdating?
(DBN)

The Original GM Bailout: Echoes
(DBN)

Chevrolet Volt Car of the Year as production halt looms
(DBN)

GM's Opel CEO Says 'Two to Three' Months Needed for Repair Plan
(DBN)

______________

Corporate Reform:

Cordray: Consumer Bureau 'Zoning In'' on Tribal Payday Firms
(DBN)

In Speech to AGs, Consumer Financial Protection Chief Lauds Cooperation with States --- Cordray Near Pact With Attorneys General
(DBN)

U.S. Urges Judge to Accept Morgan Stanley Antitrust Accord Without Admission of Guilt
(DBN)

More corporate crime charges coming - U.S. AG
(DBN)

Criminal Libor Probe Is Started by U.S. Over Manipulation of Lending Rates
(DBN)

______________

Derivatives:

Are Credit Default Swaps Casinos in Disguise?
(DBN)

______________

Hotels:

San Antonio: Hotel Indigo files for bankruptcy
(DBN)

Posh New York Hotel Has Allegedly Evaded Taxes For Years By Pretending To Be A Church
(DBN)

Lehman Bros'. last assets include a Ritz-Carlton hotel
(DBN)

______________

New Bankruptcy Opinions
(
3 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (43 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)

______________

Bankruptcy Statistics:

U.S. companies turn to bankruptcy again - and again
(DBN)

Bankruptcies rise in February in metro Phoenix
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Severance Pay:

Anything But Ordinary: Debtor’s Severance Payment Obligations Were Neither Made in the Ordinary Course Nor Could Be Assumed as Part of an Executory Contract
(DBN)

______________

Corporate Governance:

Goldman Sachs Totally Screwed Over A Company It Advised On Sale
(DBN)

Goldman, Self-Inflicted Wounds and a Bit of Naiveté
(DBN)

______________

Debt Collection:

How To Determine When Debt Collectors Will Come Knocking
(DBN)

One in Seven Americans Pursued by Debt Collectors
(DBN)

Debt Collection #2 on New York Attorney General’s (Unverified)Complaints List
(DBN)

______________

Personal Finance:

Seriously, Parents, It's Time To Cut The Financial Cord On Your Kids
(DBN)

______________

Mass Torts:

Fraud case involving asbestos attorneys on Fifth Circuit's docket
(DBN)

Defense Verdict Challenged in Asbestos Case
(DBN)

Dudley's Pay Triples as BP Returns to Profit After Spill
(DBN)

______________

Book Reviews:

From riches to rags: 5 novels about financial meltdowns
(DBN)

______________

Non-Profits:

State Fair faces deadline today at 5 pm
(DBN)

______________

Brokers:

DeWaay Financial's troubles mount
(DBN)

______________

Distressed Investing:

Oaktree Is Said to Raise $4 Billion Fund to Buy Distressed European Assets
(DBN)

______________

Consumer Finance:

'End bank payday lending now,' consumer groups urge
(DBN)

______________

UK:

Cable Says U.K. Lacks Vision as Osborne Vows No Giveaway Budget
(DBN)

Raft of firms line up on private equity rescue of property manager Peverel
(DBN)

______________

EU:

Car makers battle to escape Europe's slow lane
(DBN)

Euro Falls to Two-Week Low as Economy Shrinks
(DBN)

Banker Bonus Limits Sought by Lawmakers in EU’s Basel Plan
(DBN)

______________

PIIGS:

Greece Plans to Make PSI Binding, No Cash For Holdouts
(DBN)

What Happens If the Greek Debt Swap Deal Fails?
(DBN)

Why Greek Default May Be Gift to Other Euro Strugglers
(DBN)

Why aren't the markets panicking about looming Greek default?
(DBN)

Failure of Greek debt deal could cost $1 trillion
(DBN)

Greece Expects To Activate CAC In Bond Swap
(DBN)

'Spain's richest man' Roberto Calle Gracey is bankrupt
(DBN)

Spain Lags Italy as Growth Concern Halts Rally
(DBN)

Why Portugal Isn't Getting Back to Markets Anytime Soon
(DBN)

Wilbur Ross Says Irish May Reject EU Pact Vote Before Re-Run
(DBN)

Ireland May Be Allowed Delay $4 Billion Anglo Irish Payment
(DBN)

______________

Canada:

Settlement Reached In Earl Jones Pyramid Case
(DBN)

______________

Germany:

German Factory Orders Unexpected Plunge 2.7%
(DBN)

______________

Brazil:

Brazil vows stimulus after 2011 GDP disappoints
(DBN)

Banks cut credit to Brazil's Celpa
(DBN)

Sale of Brazil's Rede on hold as unit woes worsen
(DBN)

Brazil regulator may open investigation on Celpa
(DBN)

Brazil's Aneel sees concession end as option for Celpa
(DBN)

______________

MENA:

The Vast Majority Of Israelis Are Against A Unilateral Strike Against Iran
(DBN)

John McCain Calls For US Airstrikes In Syria
(DBN)

Source Says Several Countries Already Have Forces In Syria
(DBN)

______________

Argentina:

Elliott Management Wins U.S. Court Ruling Over Defaulted Argentina Bonds --- U.S. Ruling on Argentine Bonds Raises Risk of Second Default
(DBN)

Greece And Argentina: Similarities And Differences
(DBN)

______________

Australia:

Australia's New Recession
(DBN)

______________

Japan:

Olympus, Former Executives Indicted by Japan Prosecutors Over Hidden Loss
(DBN)

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Copyright 2012