November 10, 2010

The Daily Bankruptcy News

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Law:

Berger Singerman Attorney Jordi Guso Invited To Join American College Of Bankruptcy
(DBN)

NY Practice Leader Defects
(DBN)

NY Bar Exam Pass Rate Dips
(DBN)

Have Law Firm Structural Changes Created a ‘Pink Ghetto’? Study Raises the Question
(DBN)

Toyota's Nightmare
(DBN)

With Google Ramping Up Acquisition Efforts, Who Will Get the Work?
(DBN)

Trial vs. Defense Lawyers: The Two Cultures in Law
(DBN)

Class actions on the ropes? Not likely
(DBN)

Lawyers Have Incredible Lack of Interest in Changing Legal Marketplace
(DBN)

Reed Smith Creates Extranet for Clients to Track Time, Budget
(DBN)

Are Law Firms Morphing Into Managers of Legal Providers?
(DBN)

Attorneys Increasingly Serving As Sales Force for Law Firms
(DBN)

Rate of In-House Counsel Salary Increases Slows Down
(DBN)

Norton Rose revenue up 9 per cent at half year
(DBN)

Downward Facing Dog: Rob Kindler Strikes a New Pose
(DBN)

Former In-House Lawyer for GlaxoSmithKline Indicted for Concealing Information
(DBN)

Ex-Jones Day Secretary Sues, Claims Layoffs Targeted Minorities, Troublemakers
(DBN)

Lawsuit of the Day: Ex-Jones Day Secretary Alleges Racial Slurs, Sex Scandals, and More
(DBN)

Prince’s Case Is About Alleged Overcharges by His Lawyers, Not Sex or Harem, Judge Says
(DBN)

State Bar Backs Letting In-Housers From Out of State Practice Without Passing NY Exam
(DBN)

Goldman, BA, Glaxo, Morgan Stanley, SocGen, AT&T in Court News
(DBN)

Tuition Is Going Up at Notre Dame Law (But Not as High as Some Other Places)
(DBN)

Yogurt vs. Handgun
(DBN)

Why Lawyers Don’t Do Social Media …
(DBN)

An Error In Your Favor
(DBN)

India Legal Market to Stay Closed
(DBN)

Set to Testify in Rape Case, Woman Texts Suicide Threat from Court Roof; Should Law Be Changed?
(DBN)

"The Good Wife" - Game's On
(DBN)

Cheerleader Fights for Right Not to Cheer for Her Alleged Assailant
(DBN)

All of These Buttons Are Fake
(DBN)

Christian woman sentenced to death in Pakistan 'for blasphemy'
(DBN)

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Judges:

Beesley named new bankruptcy judge in Reno; Zive to retire
(DBN)

Stopping Judicial Imperialism: If judges are going to act like politicians, then they should be voted out like politicians
(DBN)

Targeting judges
(DBN)

The Highest Court - The Golden Rule
(DBN)

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Wall Street:

Stock futures point to gains; Gold jumps
(DBN)

US Stocks Retreat Most in Three Weeks as Financials Decline
(DBN)

Goldman Sachs Lost Money on Two Days in Third Quarter
(DBN)

Morgan Stanley Topped $100 Million on One Trading Day in Quarter
(DBN)

How One Man Brought Down Merrill Lynch
(DBN)

Female Wall St. Chief Avoids Pitfalls That Stymied Others
(DBN)

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Layoffs:

Job openings decline in September
(DBN)

Hires Rise, Still Five Unemployed Workers Per Job Opening
(DBN)

GM lays off Mr. Goodwrench
(DBN)

Google gives employees 10 percent raise, cash
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

IRS Challenges $8 Billion in Ambac Financial Refunds, Assets
(DBN)

Ambac Sues US in Bankruptcy Court to Shield $700 Million Tax Refund
(DBN)

The Complaint - Injunction Motion
(DBN)

Ambac Default-Swap Traders Seek Ruling on Bankruptcy Trigger
(DBN)

RIP, Ambac
(DBN)

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Lehman:

Lehman Seeks Court OK To Sell Brazil Investment Business
(DBN)

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Credit Counseling:

State sues credit-rescue firms for ‘preying on Poles’
(DBN)

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Litigation:

In-House Lawyers Have to Be Wary of Multiple Purpose Communications
(DBN)

HP’s Apotheker, Like Carmen San Diego, Is Focus at Oracle Trial
(DBN)

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Religion:

Diocese's No. 2 man denies cover-up
(DBN)

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Non-Profits:

Trustee seeks sale of Germantown Settlement assets
(DBN)

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Accounting:

Court Rules on Question of Wrongdoing Companies Seeking Damages from Auditors
(DBN)

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Trucking:

Bankrupt Arrow Trucking to begin paying back wages, benefits
(DBN)

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Hollywood:

Lionsgate's costs rising from Icahn fight
(DBN)

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Economy:

Job openings drop for second straight month
(DBN)

US Wholesale Inventories Surge 1.5 Percent in Sept
(DBN)

Recovery to Speed Up as Fed Moves Build Confidence, Survey Says
(DBN)

A Deep Dive Into The Mechanics Of A QE Transaction
(DBN)

$100 Million. That's A Lot. Right?
(DBN)

G-20 Crisis Unity Fractures as Leaders Seek Own Ends
(DBN)

China Fires Back At Bernanke With Harsh New Capital Controls
(DBN)

Fed's Fisher calls out Congress
(DBN)

US Outlook Largely Unchanged After Easing
(DBN)

Roubini Now Scaring The Hell Out Of Everyone From An Undetermined Location
(DBN)

China Ratings Agency Downgrades America
(DBN)

CEOs More Optimistic on Economy
(DBN)

Economic stress dips to 16-month low
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Hunger strike to stop foreclosure
(DBN)

Attorneys General Probe on ‘Fast Track,’ Iowa’s Miller Says
(DBN)

Goldman Suspends Foreclosures in Some States
(DBN)

Real estate delinquencies rise, commercial investors remain optimistic
(DBN)

Bank of America response to investors demanding putbacks draws fire
(DBN)

Lenders face mounting mortgage claims
(DBN)

Bankruptcy judge approves deal for LandAmerica 1031 Exchange
(DBN)

Credit Union Overseer Advances $5.5 Billion Sale of Mortgage-Backed Bonds
(DBN)

Statler Day of Reckoning Approaches - Invest Now or Pay for Demo Later
(DBN)

Judge Denies Brandon Barber Discharge
(DBN)

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Adequate Protection:

Clear as Mud
(DBN)

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Mass Torts:

Experts say BP increased risk of blowout in Gulf
(DBN)

Experts, rivals blast BP's practices
(DBN)

Panel: BP Needs Top to Bottom Reform
(DBN)

Gulf oil spill firms 'complacent'
(DBN)

BP Couldn't Sell Debt, BofA Refused Trades in Spill
(DBN)

Hayward on 'feeding frenzy' over oil spill
(DBN)

The banality of catastrophe
(DBN)

Spill panel, BP take aim at Halliburton
(DBN)

Third Party Releases Cause Quigley Plan to Fail the Best Interest Test and Equal Treatment Requirement
(DBN)

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Banking:

WaMu Securities Holders Promise Bankruptcy Fight
(DBN)

Community Bancorp Raises $1 Billion to Acquire Failed Lenders
(DBN)

FDIC proposes system of insurance fees based on assets vs deposits; seen as reflecting risk
(DBN)

Warren: Giving small banks a chance to thrive
(DBN)

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DIP Finance:

MGM seeks permission from bankruptcy judge to keep exit-loan fees confidential
(DBN)

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Telecoms:

TerreStar seeking creditor vote on bankruptcy exit plan
(DBN)

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M&A:

M&A 101: A Guide to Merger Agreements
(DBN)

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Fraud:

When a (Relatively) Small Loss Amounts to Big Time
(DBN)

New York Court of Appeals reaffirms in pari delicto defense for outside professionals
(DBN)

Former Alpha Red COO Aided in Fraud Scheme, Trustee's Suit Says
(DBN)

'Mini-Madoff' of Bay Ridge Begins Trial
(DBN)

BNP, Credit Agricole Face Ex-Traders in Paris Criminal Trial
(DBN)

Traders’ Cell-Phone Calls to Be Taped Under Plan
(DBN)

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Telecoms:

Clearwire Gets Dreaded Ratings Cut Amid 'Dangerously Low' Cash Supply
(DBN)

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Municipalities:

Pondering San Diego Bankruptcy
(DBN)

Harrisburg Struggles to Make Another Pay Period
(DBN)

Harrisburg City Council gets some high-powered legal help
(DBN)

Spokesman Calls City's Finances 'Toxic Fiscal Stew'
(DBN)

Former Harrisburg Mayor Stephen R. Reed tells magazine he has 'yet to hear rational explanation' for incinerator mess
(DBN)

Recession Recovery: Best and Worst American Cities
(DBN)

California's unemployment fund has deficit of $10.3 billion
(DBN)

Central Falls receiver empanels Advisory Council to replace City Council
(DBN)

20 Most Stressed, Least Stressed Counties
(DBN)

Wall Street Takes $4 Billion From Taxpayers as Swaps Backfire
(DBN)

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Newspapers:

Tribune seeks approval of bonus plan
(DBN)

Tribune bonus $ hearing
(DBN)

Some Tribune executives may have to give up past bonuses
(DBN)

L.A. Times Employees Suing Zell Score Court Victory
(DBN)

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Autos:

Marchionne takes swipes at book about Chrysler, GM bankruptcies
(DBN)

State's top vote-getter credits Chrysler bankruptcy fight for election win
(DBN)

GM Bonds: IPO Range is Too Low
(DBN)

GM IPO: Not Hitting on All Cylinders
(DBN)

GM Said to Need Near-Record US Sales for $19 Billion Profit
(DBN)

Businessman of Year: Ford's Alan Mulally
(DBN)

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Distressed Investing:

Canyon Capital Unveils Distressed Opportunity Fund
(DBN)

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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)

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Bankruptcy Statistics:

Bankruptcy filings jump 14% in 2010
(DBN)

Bankruptcies Soar -- But Not For Businesses
(DBN)

Moody's study: Wave of companies to emerge from bankruptcy protection in next few years
(DBN)

Older Americans: Fastest Growing Demographic Filing for Bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Ambac, Black Crow, Orleans, Washington Times, HMP: Bankruptcy
(DBN)

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Bankruptcy Reform:

CRS Report concludes BAPCPA Fails to Permanently reduce Consumer Bankruptcy Filing Rate
(DBN)

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Aviation:

Now Boarding for Bankruptcy Court
(DBN)

Mexicana Wins Legal Shield to Aid Mexican Bankruptcy
(DBN)

EU fines airlines 800 mln euros for cargo cartel
(DBN)

Viability of Cyprus Airways 'a worry'
(DBN)

Mexicana Airline Unions Get $154 Million Offer to Save Company
(DBN)

Kyocera, others to invest up to $370 mln in JAL
(DBN)

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Cross-Border:

The Diplomacy of Cross-Border Bankruptcy
(DBN)

Every Debtor Has a CoMI
(DBN)

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UST:

No legal requirement that payment of U.S. trustee fees be made prior to issuing a final decree
(DBN)

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Gambling:

RI Slot Parlor Emerges From Bankruptcy Protection
(DBN)

Judge OKs Riviera Holdings reorganization plan
(DBN)

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Celebs:

Former Steeler's Home, Belongings to Hit Auction Block
(DBN)

'Real Housewives of NJ' Star To Hold Bankruptcy Auction
(DBN)

Quaids may share rare disorder
(DBN)

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Corporate Reform:

Elizabeth Warren Goes on the War Path, Criticizes Republicans For Middle Class Stance
(DBN)

Panel: Consumer protection bureau may eventually regulate mortgage banking
(DBN)

Goldman Sachs’ Fabrice Tourre Strikes Again
(DBN)

Will GOP gains halt a regulatory renaissance?
(DBN)

______________

Food/Drink:

Future of Fresno's Claim Jumper uncertain
(DBN)

______________

Golf:

Fairvue 'in the banks' hands now'
(DBN)

Township officially purchases country club
(DBN)

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Retailing:

General Growth files to sell $2.2 billion in stock
(DBN)

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Health Care:

Cerberus' Medicine Didn't Work For Chrysler But Could For Weak Hospitals
(DBN)

Developer of Bundy Village medical complex files for bankruptcy protection
(DBN)

Another St . Vincent's Victim? Local Shop Owners
(DBN)

Court approves sale of Victor Valley hospital
(DBN)

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UK:

BOE Sees No Immediate Need for More Stimulus
(DBN)

Rok suppliers urged to prepare for the worst
(DBN)

Debt solution trade body launches
(DBN)

Gordon Ramsay savages father-in-law Chris Hutcheson in bombshell letter
(DBN)

Corporate Financial Distress and Recovery: The UK Evidence
(DBN)

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EU:

Making Default A Real Possibility
(DBN)

Italy Output Falls, French Production Rises Less Than Forecast
(DBN)

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Canada:

Minigoo creditors find cupboard is bare
(DBN)

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Greece:

Greek Minister: Should Renegotiate IMF-EU EUR110 Billion Bailout
(DBN)

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Ireland:

Cowen rejects mortgage numbers
(DBN)

Government must cut deal that gives the people hope
(DBN)

Investors betting against Ireland dump bonds
(DBN)

Drumm's two-month default on credit card
(DBN)

Irish Mock Bankers at Festival as ‘Lenny Bruce Meets Keynes’
(DBN)

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Japan:

Debts In Corporate Bankruptcies Shot Up 79% For Oct
(DBN)

______________

Mexico:

Conflict of Interest Rules Target Mexico Financial Advisors Who Underwrite
(DBN)

______________

New Zealand:

Raids strike jackpot at home of bankrupt man
(DBN)

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