January 9, 2013

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:

Howrey partners lob new fraud claims against Citibank in lawsuit --- Ex-Partners’ Suit Says Citibank Urged Personal Loans as Howrey Overspent Line By ‘Incredible’ $23M --- Quote of the Day: Howrey Going To Void These Loans?
(DBN)

Bingham Names Four new Bankruptcy Partners --- William D. Goddard --- Christian Halász --- Emma Simmonds --- Axel Vogelmann
(DBN)

Thompson Hine Elects New Bankruptcy Partner --- Curtis L. Tuggle
(DBN)

New Partner Watch: Incoming Partner Classes at Ten Top Firms
(DBN)

Dewey Bankruptcy Plan Headed to a Vote
(DBN)

Citibank Under Double-Barreled Attack Over Capital Loan Programs
(DBN)

Law firm pressed to hand back millions in bankruptcy fees
(DBN)

DLA Piper, Appleby, Crowell & Moring: Business of Law
(DBN)

Law Firm Partners Can Expect Major Layoffs This Year
(DBN)

Dechert, Wachtell take key roles on BoA's $11.6bn toxic loan settlement
(DBN)

Gradenfreude: The Legal Profession Has the Luck of the Irish
(DBN)

The Gender Gap: Men Blame the System, Women Blame Themselves
(DBN)

Law Grads Fail to Pin Fraud on Alma Mater
(DBN)

Case Western Reserve Dean Just Making Stuff Up
(DBN)

Buying In: An Interview with an In-House Insider
(DBN)

Client-Side Legal Project Management – Why It Will Matter
(DBN)

Associate's Document Search Of Firm's Computer System For Discrimination Evidence Not Unethical
(DBN)

US Trustee Seeks Clawback of $10M in Fees from Kaye Scholer, Financial Adviser in Bankruptcy Case
(DBN)

Overlooked Firms and Schools
(DBN)

FCC Publishes 10-Step Guide for Securing Smartphones
(DBN)

Which Gadgets Are Employees Bringing To Work That IT Managers Need To Worry About?
(DBN)

Former Law Firm Bookkeeper Gets 21 Months for Embezzling $500K
(DBN)

Lawyer Hired by His Embezzlement Victim Gets Lighter Sentence to Allow for Restitution
(DBN)

Fannie Mae Reaches $20B Settlement with Banks; Lawyers Lose Jobs
(DBN)

Above the Law’s 2012 Lawyer of the Year Competition: The Winner!
(DBN)

Financial Dermatologists
(DBN)

Cops’ Fear Of Handcuffed Paraplegic Turns Out To Be Unreasonable
(DBN)

What It's Like To Be In The Same Room With A Convicted Serial Killer
(DBN)

Overweight women penalized in court - study
(DBN)

Court wipes slate clean on ancient debt
(DBN)

Say What?!
(DBN)

______________

Judges:

Michigan Justice Announces Retirement After Accusation of ‘Blatant and Brazen’ Misconduct
(DBN)

Ethics Group Bars Judging 'One-Sided' Mock Trials
(DBN)

Judge Rescinds Order to Seize Home Computers of Juror Accused of Web-Surfing During Trial
(DBN)

______________

Wall Street:

Futures signal higher start for Wall Street
(DBN)

______________

Layoffs:

The Most Unemployed Cities In Every State
(DBN)

America's 11 Fastest Growing Industries Require Workers To Get Their Hands Dirty
(DBN)

Worldwide Youth Unemployment Rates Will Stay High For Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Brokers:

MF Global judge nixes customer group's bid to depose Corzine
(DBN)

KPMG expects bigger payouts to MF Global UK clients
(DBN)

Peregrine Scion Aims to Clean the Slate
(DBN)

______________

Pharma:

DOJ official wants trustee in Mass. pharmacy case --- Official: New boss of meningitis-linked firm 'hopelessly conflicted'
(DBN)

______________

Storage:

RoboVault bond sales seem like 'Ponzi scheme,' attorney tells judge --- Judge to RoboVault owner: Turn over records or go to jail
(DBN)

______________

Sports:

An Oregon Football Player Faked An Injury In The Fiesta Bowl So A Walk-On With $70,000 In Student Loans Could Play --- ESPN Apology For Musburger's Comments On AJ McCarron's Girlfriend
(DBN)

______________

Economy:

Consumer Credit Jumps $16 Billion
(DBN)

Why The Fight Over The $1 Trillion Coin Is The Most Important Fiscal Policy Debate You'll Ever See In Your Life --- Bank Of America Blasts The Platinum Coin As 'The Trillion Dollar Tooth Fairy' --- Bill Gross: The $1 Trillion Coin Is Unlikely, But There's A Very Similar Solution That Is Possible --- $1 trillion coin is nuts but not $25 billion --- Colbert: We Should Have Known Obama Would Try To Mint A Trillion Dollar Coin
(DBN)

How The Clinton Surpluses Turned Into More Than $6 Trillion Worth Of Deficits
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Foreclosure settlement may signal end to robo-signing probes
(DBN)

Finding Little Evidence Of Foreclosure Fraud, Feds Give Up
(DBN)

Trouble remains for BofA despite mortgage pact
(DBN)

Banks’ $8.5 Billion Deal Kills Reviews That Never Saw Results
(DBN)

Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes
(DBN)

Trump Tower project in Philly files Chapter 11
(DBN)

Commercial Mortgage Bond Demand Spurs Borrower’s Market
(DBN)

Inventory Takes Center Stage as Foreclosures Fade
(DBN)

Oregon Supreme Court hears key foreclosure case
(DBN)

___________

Retailing:

New Sears CEO, Same Sears Problems
(DBN)

Analysts Skeptical as Majority Owner Takes Role as Chief Executive of Sears
(DBN)

Sears Crowning Lampert Defies Critics of Stalled Comeback
(DBN)

Target vows to match Amazon's prices
(DBN)

7 Creative Uses For Dead Shopping Malls
(DBN)

_____________

Banking:

'Whale' Winner Hires J.P. Morgan Veteran
(DBN)

______________

Fraud:

Justices Skeptical of SEC
(DBN)

A Hedge Fund Consultant Who Admitted To Passing Tips To SAC Portfolio Managers Is Naming Names Like Crazy --- Ex-SAC Analyst Identified 20 Inside Traders, U.S. Says
(DBN)

SAC Capital Said to Raise Bonuses Amid US Insider Probe
(DBN)

Berjac bankruptcy judge approves use of mediator, but refuses to compel parties to participate
(DBN)

Creditors: Jack E. Brown family aided in Ponzi scheme
(DBN)

______________

Lehman:

Lehman Seeks Order Blocking Government Taxes on Deals
(DBN)

______________

Agriculture:

With Grant Family Farms closed, what happens to the land?
(DBN)

Farm's bankruptcy may impact Rawlins
(DBN)

______________

Video Games:

Court Approves Auction for THQ Assets Later This Month --- THQ says it still has a chance to stay together
(DBN)

______________

Mass Torts:

Bondex expert testifies 'Chrysotile' joint compound not likely cause of mesothelioma
(DBN)

______________

Celebs:

Former Indian Jody Gerut In New Role As 'Anti- Bankruptcy Agent'
(DBN)

______________

Furniture:

Three creditors seek to force LuxeYard into Chapter 7
(DBN)

______________

Municipalities:

Should States Take an Increased Role in Financially Troubled Municipalities?
(DBN)

Altoona: Act 47 teams coming
(DBN)

Detroit Emergency Financial Manager Decision Could Come Friday
(DBN)

Steel Cage Match Between Calpers and Bond Investors Continues in San Bernardino Chapter 9 Case
(DBN)

Detroit City Council bows to Michigan, approves key contracts
(DBN)

______________

Tax:

UBS Client Pleads Guilty in U.S. Tax Case in Florida
(DBN)

______________

Tobacco:

Renegade reaches tentative deal with 2 government entities
(DBN)

______________

Credit Reporting:

CFPB report reveals creditors less likely to report to credit bureaus on small business cards
(DBN)

______________

Alternative Energy:

Siliken Manufacturing USA, Inc. and its Wholly-Owned Subsidiary, Siliken USA, Inc. File Concurrent Chapter 11 Petitions
(DBN)

______________

Bankruptcy Crimes:

Fraud Charges in Bankruptcy Case
(DBN)

______________

Equipment Rental:

Ahern Rentals CEO says bankruptcy process is ‘incestuous and evil’ --- Ahern defiant in face of Chapter 11 process
(DBN)

______________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (67 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:

Global Distressed Debt and Bankruptcy Restructuring Deals Double in 2012
(DBN)

New bankruptcy cases plunge 19% from year ago in South Florida
(DBN)

Metro Phoenix bankruptcies post double-digit dip in 2012
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Plan Confirmation:

You Asked Your Buddy to Do What? Non-Statutory Insiders and Vote Designation
(DBN)

______________

Automatic Stay:

The Automatic Stay in Partnership Bankruptcies
(DBN)

______________

Recent Pleadings:

 

______________

TBTF:

Examining the Terms of A.I.G.'s Bailout --- AIG's bailout helped, not harmed, shareholders --- How AIG Board Works Its Way Out of the Hot Seat --- The Wildest Thing About Former AIG CEO Hank Greenberg's Lawsuit Against The US Government --- Washington's Jaw Drops At Possibility Of AIG Lawsuit --- White House declines comment on possible AIG suit --- Why AIG Suing America Isn't as Crazy as You Think --- Suing The U.S. Would Kill AIG --- How AIG's board ended up in the middle of Greenberg's suit v. U.S. --- AIG Joining Greenberg Suit Against U.S. Seen as Hard Sell --- Senator Elizabeth Warren Is Outraged That AIG Is Considering Suing The U.S. Government --- A Mind-Boggling Claim --- A NYC Judge's Takedown Of Hank Greenberg's First AIG Case Is As Brutal As You Can Imagine --- Why The AIG Board Might Feel It Has To Sue The Government
(DBN)
(DBN)

___________

Insurance:

D&O Insurance: "Ambiguity" Whether Insured vs. Insured Exclusion Bars Coverage for FDIC's D&O Claims
(DBN)

_____________

Litigation:

Social Media Discovery and ESI in Motion Practice
(DBN)

______________

Food/Beverage:

Flowers Foods, Grupo Bimbo Prepare Hostess Bids: Sources
(DBN)

PE kingpin Black is hungry for Hostess
(DBN)

Apollo Global may bid for snack business of Hostess - report
(DBN)

Hostess Hires Hilco to Serve as Its Agent for the Integrated Disposition of Key Real Estate and Industrial Assets
(DBN)

Golden Guernsey files for bankruptcy
(DBN)

Window narrows for rival bidders to object to Tully's sale to Dempsey
(DBN)

______________

Aviation:

US Airways-American merger: No quick decision
(DBN)

Analysis: US Airways merger would harm competition
(DBN)

AMR Corp. seeks to sell luxury London townhome
(DBN)

APA answers questions about ‘memorandum of understanding’ and other matters
(DBN)

AMR says stock may be worth something after bankruptcy after all --- Offers hope to stockholders
(DBN)

Court to hear Hawker-PBGC plan on Jan. 17
(DBN)

Troubled Aerosvit cancels flights
(DBN)

______________

Weather:

2012 Was America's Hottest Year On Record By A Landslide
(DBN)

______________

Autos:

Buyer of bankrupt Saab signs deal for Chinese investment
(DBN)

______________

Aviation:

AeroSvit's bankruptcy strands hundreds of Israelis
(DBN)

______________

Sovereigns:

Argentina's President Is Taking Precautions To Make Sure Hedge Funds Don't Impound Her Jet
(DBN)

______________

UK:

Kerry Katona becomes face of payday loans
(DBN)

______________

EU:

EU Unemployment Rate Hits Historic High—Europe Has Only Itself to Blame
(DBN)

Think The Euro Crisis Is Over?
(DBN)

Europe's attack of the zombie companies
(DBN)

______________

Canada:

Housing-Crash Fears for 2013 Unwarranted, Forecasters Say
(DBN)

______________

France:

France calls for report on tax-dodging by multinationals
(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 2013