December 6, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Associate Bonus Speculation: Will Cahill Double the Market In Secret?
(DBN)

Hogan Lovells Set to Offer Lateral Partner Hires Above-Lockstep Pay
(DBN)

Bonus Watch: MoFo Promises to Match, Even in Markets Where It Doesn't Know What It Will Be Matching
(DBN)

NYLJ 100: Largest Private Law Offices
(DBN)

Legal Jobs Decline for Second Straight Month
(DBN)

Appellate courts "don't understand bankruptcy law"
(DBN)

Whatcha Think 'Bout This Role Model?
(DBN)

Brown Rudnick Shows Steven Pesner How to Inspire Time Keeping Compliance
(DBN)

Ex-Associate Claims Bias Behind Lay Off From Akin Gump
(DBN)

Resume Tips for Oldies (That's You--Baby Boomers)
(DBN)

Report: Jones Day Advising NBA's Cavs in LeBron James Tampering Probe
(DBN)

Skadden to Close its San Francisco Office
(DBN)

Treasury picks A&O over Slaughters on Irish bailout
(DBN)

Revealed: London's top legal brains
(DBN)

Alleged Fraudster and Ex-Mofo Partner's Financial Records Released
(DBN)

Seattle’s Lane Powell Acquires 17 Lawyers From Oregon Law Firm
(DBN)

SNR Denton Gets High Marks From Clients on Costs, Billing Practices
(DBN)

Collapse of Proskauer Talks Do Not End SJ Berwin's U.S. Ambitions
(DBN)

Wal-Mart, Madoff, Dow, Pfizer, Lehman, EchoStar in Court News
(DBN)

Managing Partners Survey the Marketplace, Forecast the Future
(DBN)

Leverage: The Real Lever for Law Firm Profit
(DBN)

At DLA Piper, Charity and Mustaches
(DBN)

Hunton & Williams Names New Bankruptcy Partner
(DBN)

GCs Disclose Sticking Points to Alternative Fees
(DBN)

‘Poised to Grow’ Ruden McClosky Lays Off 16 Staff, Including 20-Year Secretaries
(DBN)

Divorce Costs Financed by Firms
(DBN)

Carolyn Zegeer Needs You!
(DBN)

Could Hardinger & Tanenholz Represent the Future of E-Discovery in Biglaw?
(DBN)

7th Circuit panel admonishes dogged plaintiffs' lawyer — again
(DBN)

Why Did the Bedbug Cross the Road
(DBN)

Bums: JDs could wind up in underclass
(DBN)

Representing While Intoxicated Draws Suspension
(DBN)

Interview Season Will Start Even Earlier at Harvard Law School
(DBN)

Getting Schooled 2.0
(DBN)

Lawyer with Tics Gives Book Character Same Symptoms, Gets Advice from Mom on Sex Scenes
(DBN)

Please refrain from eating the card
(DBN)

Postal worker gets prison time for stealing 11,000 packages
(DBN)

‘Helter Skelter’ Slayer Charles Manson Chats on ‘Cell’ Phone, Gets Extra 30 Days on Life Term
(DBN)

______________

Judges:

Judge Posner Clarifies Remarks on Homosexual Priests
(DBN)

Virginia Thomas: The Call to Anita Hill Was a Mistake
(DBN)

Ginni Thomas: I’m not leaving my Tea Party organization
(DBN)

Bankruptcy Judge Chews Out Lawyer, Firm for Backdated Filings. Lies
(DBN)

Former Judges in Court: When 'Your Honor' Becomes Your Problem
(DBN)

Judge Thomas Porteous impeachment trial summary released
(DBN)

2 More Judges Sue Arpaio, Alleging Defamation and Abuse of Process
(DBN)

______________

Wall Street:

Stock index futures dip
(DBN)

Stocks' Rally Set to Run as Fear Fades
(DBN)

______________

Layoffs:

Few New Jobs as Jobless Rate Rises to 9.8%
(DBN)

Comparing Recoveries: Job Changes
(DBN)

Unemployment by the Numbers
(DBN)

The party of the rich, by the rich, for the rich
(DBN)

November Payrolls Edge Higher, But So Does Unemployment
(DBN)

Why Employers Won't Hire
(DBN)

Did Labor Department Miss 350,000 Jobs?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

'Housewives of OC' star Alexis Bellino facing foreclosure ?
(DBN)

Libertarians Demand Release of Tax Scofflaw Wesley Snipes
(DBN)

______________

Sales:

Bankruptcy Auctions: Is That Your Final Answer
(DBN)

______________

Horse Racing:

Belmont Park Operator Files for Bankruptcy
(DBN)

______________

Aviation:

Emivest teeters on the edge of bankruptcy
(DBN)

______________

Compensation:

Tax Fear May Move Bonuses Earlier
(DBN)

Morgan Stanley May Cut Bonus Payouts
(DBN)

______________

Accounting:

Insider Trading Charges Throw a Wrench into Former Deloitte Employee’s Plans for Sexy Mobile App
(DBN)

Ernst & Young Office Is Under the Impression That KPMG Is Not Their Competitor
(DBN)

______________

Economy:

Jobs Setback Clouds Recovery
(DBN)

Those dreadful new unemployment numbers are even worse than they look
(DBN)

Treasuries, Dollar Rise on Prospect of Fed Buying
(DBN)

Financial stress index rises
(DBN)

Inflation Risk Is Low, Fed Says
(DBN)

Majority of Panel Backs Deficit Plan
(DBN)

Bernanke, Geithner Fight Back
(DBN)

Fiscal Patriotism?
(DBN)

Of Debts and Doubts: Reading the Deficit Panel’s Report
(DBN)

Federal Reserve's 'astounding' report: We loaned banks trillions
(DBN)

So That’s Where the Money Went
(DBN)

Ford, BMW, Toyota Took Secret Government Money
(DBN)

Timeline shadow bailout
(DBN)

Will Debt Spotlight Shift from EU to US?
(DBN)

Obama Confident of Tax Cut Deal Before Jan. 1
(DBN)

GOP Blocks Bill to Raise Taxes on $1M-Plus Income
(DBN)

Senate Defeats Move to Extend Tax Cuts
(DBN)

Why Savings Account Rates Are So Pathetic
(DBN)

Recovery Too Fragile to Handle $120 Oil
(DBN)

Oil Might Hit $200
(DBN)

Where Americans Earn the Most
(DBN)

Fed's TALF: Welfare for rich people
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing outlook darkens with price drops up to 10% expected
(DBN)

Law Firm Accused of UPL, After Admittedly Filing Foreclosures Without Attorney Review
(DBN)

W. Pa. lawsuit targets Philly firm's foreclosures
(DBN)

Fisking the American Securitization Forum's Congressional Testimony
(DBN)

The New Robosigning
(DBN)

Lawyers Testify About Ethics Qualms in Hearing on Mortgage Modification Law Firm
(DBN)

Judge Testifies Foreclosure Problems Are ‘Pervasive’
(DBN)

JPMorgan analysts see GSE reform years away, losses to continue through 2015
(DBN)

Value Sinking Fastest on Homes Priced Low to Start
(DBN)

A Happy Ending to a Raw, but Common, Tale
(DBN)

The 25-Year 'Foreclosure From Hell'
(DBN)

Stern's foreclosure mistake leads two to buy same house
(DBN)

Galvin wants court OK before homes are seized
(DBN)

Texas mortgage lenders: We're complying with foreclosure
(DBN)

When Borrowers Default on Second Homes
(DBN)

City Offering Foreclosed For Just $1
(DBN)

Home Hunters Too Scared to Buy?
(DBN)

Two high-profile Austin office projects head to foreclosure
(DBN)

Tiny Benefit of QE2 for Mortgage Holders
(DBN)

Judge halts cap on "super priority" foreclosures
(DBN)

Mortgage rescue scheme tied up $725M in loans
(DBN)

Housing report projects another foreclosure wave in 2011
(DBN)

Bair wants mortgages modified to mitigate losses before starting foreclosure
(DBN)

Bank of America to increase loan modification staffing
(DBN)

3 reasons why the mortgage tax break isn't a break
(DBN)

_____________

Student Debt:

Is The College Debt Bubble Ready To Explode?
(DBN)

______________

Litigation:

Lateral Moves, Court Rulings Spotlight E-Discovery
(DBN)

______________

Religion:

Florida Synagogue Resolves Foreclosure Dispute
(DBN)

Crystal Cathedral: Bankruptcy filings show generous pay for founder's family and other insiders
(DBN)

______________

Pigeons:

Pigeon King to get day in court
(DBN)

______________

Bonds:

Pay attention to the bond market’s new ‘creatures’
(DBN)

______________

Tax:

Who Says Corporations Don’t Pay Their Share of Taxes?
(DBN)

______________

Lehman:

Lehman units could fetch $2bn
(DBN)

______________

Symphonies:

Orchestra supporters sound off on bankruptcy filing
(DBN)

_____________

Trustees:

Attorney Luis Rivera Appointed to Trustee Panel
(DBN)

_____________

Credit Cards:

Banks Look to Prepaid Cards to Replace Lost Revenue
(DBN)

______________

Gambling:

Senate Vote Is Scheduled for Bailout of City OTB
(DBN)

______________

Telecoms:

Carriers worldwide face profit squeeze
(DBN)

______________

Logistics:

Clark Holdings Inc. Announces Engagement with AlixPartners
(DBN)

______________

New Bankruptcy Opinions
(
No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Rules:

If It’s December, It Must Be Time for New Rules
(DBN)

______________

Miscellaneous:

Bankruptcy Week Ahead: 'Old GM' To Seek OK To Send Chapter 11 Plan To Creditors
(DBN)

______________

Intercreditor:

How Super is Your Senior?
(DBN)

______________

Automatic Stay:

Real world impact of Sternberg
(DBN)

______________

Banking:

WaMu Says It Settled Billions in Claims Without Lawyers' Advice
(DBN)

Washington Mutual presses for bankruptcy deal
(DBN)

An Inside Look at the WaMu Doomsday
(DBN)

No Bank Failures For the First Week of December
(DBN)

Europe Wary of U.S. Bank Monitors
(DBN)

______________

Corporate Reform:

Reluctant Analyst Pressured by the FBI
(DBN)

Oil Spill Panel Finds Obama’s Regulatory Overhaul Insufficient, Industry ‘Complacent’
(DBN)

US bank watchdog presses for fee clarity
(DBN)

______________

Small Business:

Questions Over Plan to Boost Lending
(DBN)

______________

Newspapers:

Tribune Creditors Sue Ex-Chief, Executives Over Pre-Bankruptcy Payments
(DBN)

______________

Municipalities:

Oregon timber counties face financial collapse
(DBN)

Hamtramck can't declare bankruptcy, state says
(DBN)

Mounting State Debts Stoke Fears of a Looming Crisis
(DBN)

______________

Fraud:

Madoff trustee has nothing to lose gunning for JPM
(DBN)

Madoff Case Lingers as Menace to Mets
(DBN)

HSBC Sued for $9 Billion by Madoff Trustee Over Claims Lender Aided Fraud
(DBN)

Madoff's secretary speaks
(DBN)

Madoff Trustee's Lawsuit Against JP Morgan ‘Appropriate and Overdue,' Says NIAP President
(DBN)

Bev. Hills woman caught for $11M Ponzi scheme
(DBN)

Fla. Ponzi suspect's lawyer says client innocent
(DBN)

Couple sentenced in $220M Ponzi scheme
(DBN)

S. Fla. jeweler sentenced in $40M Ponzi scheme
(DBN)

Nadel case roiled by records fight
(DBN)

Former Petters ally will return $2.1 million
(DBN)

Fraudster Mueller Faces The Music
(DBN)

Rothstein's former COO cooperating extensively with feds
(DBN)

______________

Resorts:

Bank forecloses on resort
(DBN)

______________

UK:

Begbies Traynor warns of lower interim profits as insolvency revenues fall
(DBN)

HMRC 'should not keep zombie firms in business'
(DBN)

Treasury prepares to shut down £2bn in avoidance
(DBN)

Another downgrade for UK economy
(DBN)

______________

EU:

Moody's: German Bank Restructuring Law Could Be Europe Blueprint
(DBN)

EU Rescue Fund Should Be Increased: Belgian Finance Minister
(DBN)

Germany Denies Merkel Threatened to Leave Euro
(DBN)

JP Morgan Chase: Insolvency of a European state
(DBN)

Moody's Cuts Hungary Close to Junk, Warns Of Risks
(DBN)

______________

PIGS:

Spain OKs new austerity measures to calm markets
(DBN)

European Central Bank Working with Portugal to Stave Off Bailout
(DBN)

The Bond Vigilantes Have Moved to Dublin
(DBN)

Ireland's Empty Ghost Estates
(DBN)

46% polled think crisis will last a decade
(DBN)

Ireland to speed up shrinking of banks
(DBN)

Drumm's US residency questioned
(DBN)

______________

Australia:

Going for broke: the insolvency story in Australia
(DBN)

Fraudster had key role in failed resort
(DBN)

______________

Canada:

Conservatives leave Nortel pensioners in the lurch
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a 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, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

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 Subscription Required" notation. The cost of a subscription is $55/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.  Note that the email must be sent from the same email address which is on our distribution list (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). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

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).