November 15, 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:

Proskauer, SJ Berwin Will Not Wed, But Still Really Like Each Other
(DBN)

RIP Proskauer/Berwins
(DBN)

When the music's over – SJ Berwin goes home alone
(DBN)

Bow Ties: Who Wore It Best?
(DBN)

Ambac gives top lawyer pre-bankruptcy bonus
(DBN)

Putting Money on Lawsuits, Investors Share in the Payouts
(DBN)

Nationwide Staff Layoff Watch: DLA Piper
(DBN)

What Future Law Firm Leaders Will Need
(DBN)

Permanent Leverage
(DBN)

Graduates of law schools are finding that their chosen career is less lucrative than they had hoped
(DBN)

How Much Do In-House Lawyers Make?
(DBN)

Survey Editor Says Lower In-House Pay Hikes Are ‘the New Norm’
(DBN)

Blank Rome Co-Founder Marvin Comisky Dead at 92
(DBN)

Cooley Litigator Defies Odds on Way to Supreme Court
(DBN)

Trustees question lawyer Pavilack about finances
(DBN)

FDIC Sues Bryan Cave Over Bank Records
(DBN)

Nigerian Embassy Sues Law Firm Over Real Estate Deal
(DBN)

‘This is a Circus’: Tennessee Mosque Trial Takes Strange Turn
(DBN)

Judge Rules ConnectU Crew Still Owes Lawyers $13 Million For Row With Facebook
(DBN)

Motion Denied: MGA Loses Effort to Stall Trial in Fee Fight with O'Melveny
(DBN)

Looking to Take Your Talents to India? Don’t Pack Your Bags Just Yet
(DBN)

Norton Rose seals merger deals in Canada and South Africa
(DBN)

Ex-Halliwells partners face court date over rent
(DBN)

Lawyer Who Billed More than 24 Hours in a Day Won’t Be Disciplined
(DBN)

NY Lawyers Riled Up Over Mediation Plan
(DBN)

Law Prof Predicts a ‘New Hierarchy’ of Law Schools
(DBN)

Chicago Legal Aid Lawyer Wins Fourth New Yorker Caption Contest
(DBN)

Pls Hndle Thx: Doing ‘Tax Work’
(DBN)

Colt Technologies: Unbundling Legal Services and the Law Factory
(DBN)

Toyota's Worst Nightmare: Where Will the Carmaker's Dispute With a Former In-House Lawyer End?
(DBN)

Postcards From Probation
(DBN)

Vegas Lawyer Known for Cable Shows Arrested in ‘Bizarre Suicide Scheme’
(DBN)

So You Want to Go to Law School: The Backstory, and a Sequel
(DBN)

Law School News--Georgetown Wins Popularity; UC Irvine Discounts Tuition; Law Lust Remains Strong
(DBN)

Lawsuit of the Day: Parent Sues School for Teaching His Daughter About Slavery
(DBN)

Md. County Exec & Wife, Both Lawyers, Allegedly Hid $79K in Her Bra as Feds Listened
(DBN)

Court Reverses Death Sentence For Sorcery
(DBN)

Call "Tony The Tiger"...
(DBN)

The Top 10 Apps For Lawyers
(DBN)

Marshals' Office "Safe Surrender" Program Draws Hundreds Not Wanted for Anything
(DBN)

Betting on Justice: Borrowing to Sue
(DBN)

______________

Judges:

Perpetually Late Lawyer Blasted by Judge
(DBN)

Chief Judge Jumps to Deanship
(DBN)

Florida judges may be on political hot seat
(DBN)

Supreme Court justices spar on Lubbock stage
(DBN)

Social Security Judges Face Violent Threats
(DBN)

______________

Wall Street:

U.S. stock futures rise ahead of retail sales
(DBN)

US Stocks Fall as S&P 500 Index Has Biggest Weekly Drop in Three Months
(DBN)

Goldman Sachs Will No Longer Clear Trades For Anyone With Less Than Five Million
(DBN)

______________

Layoffs:

More Entrepreneurs, Fewer Jobs
(DBN)

‘The Adventures of Unemployed Man’
(DBN)

Now White Collar J0bs are Vanishing
(DBN)

Sticky Wages Hold Back Job Growth
(DBN)

Unemployment benefits to expire for 200,000 New Yorkers unless Congress acts
(DBN)

No extension of jobless benefits would be 'catastrophic,' state official says
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Insurance:

At Ambac, Haves and Have-Nots
(DBN)

The Unpredictable Consequences of "No Broader than Underlying"
(DBN)

______________

Defaults:

S&P: 1 More Issuer Added To Default List; Tally at 74
(DBN)

______________

Municipalities:

Credit Fears, Elections Prompt Muni Selloff
(DBN)

San Diego bankruptcy talk is nonsense
(DBN)

"It's Not Just Chargers Who Would Fleece Insolvent Political Entity"
(DBN)

Mayor Bing heads to Turin, the 'Detroit of Europe'
(DBN)

______________

Retailing:

Loehmann's Files for Bankruptcy Protection After Failing to Exchange Notes
(DBN)

Wal-mart, Sears to open on Thanksgiving
(DBN)

Joseph-Beth to shutter four stores in bankruptcy reorganization
(DBN)

Joseph-Beth reorganizing will take months
(DBN)

Davis-Kidd Co-Founder Talks About Bookstore's Demise
(DBN)

Bookstores, en mass, could close
(DBN)

New lease on life for some empty stores
(DBN)

Federal Way retail center adrift after anchors pull out
(DBN)

______________

Mail:

Post Office reveals larger than expected $8.5 billion loss
(DBN)

US Postal Service on the Verge of Going Broke?
(DBN)

______________

Hollywood:

Bankruptcy Court approves MGM's Chapter 11 plan; MGM stakeholder Carl Icahn extends his tender offer for Lions Gate
(DBN)

______________

Religion:

Catholic Church struggles to deal with disciplined priests
(DBN)

______________

Debt Collection:

Debtors, creditors try mediation to clear cases
(DBN)

______________

Health Care:

Dr. Chaudhuri to head Victor Valley hospital
(DBN)

U.S. Department of Justice sets up email address for complaints, information regarding Kentwood Pharmacy
(DBN)

Doctors Brace for Big Medicare Cuts
(DBN)

______________

Construction:

Legal troubles, probes swirl around businessman Ralph Hughes' company
(DBN)

______________

Aviation:

JAL job cuts risk wrath of unions
(DBN)

______________

Financial Literacy:

Teacher takes financial literacy beyond the basics
(DBN)

______________

Pensions:

Chemtura to contribute $50 million in PBGC deal
(DBN)

______________

 

 

 

Economy:

Academic Economists Skeptical QE2 Will Work
(DBN)

Investors Walk Out as the Fed Buys In
(DBN)

Downsizing the American Dream
(DBN)

Bailouts, Reframed as ‘Orderly Resolutions’
(DBN)

Lacker Says Central Bank May Need to Tighten Even With High Unemployment
(DBN)

Bernanke's worst nightmare: Ron Paul
(DBN)

Sentiment Survey May Show Glimmers of Inflation
(DBN)

Secret Walmart Survey Shows Inflation Already Here
(DBN)

White House, GOP Look for Middle Ground on Taxes
(DBN)

The GOP's One Note Agenda
(DBN)

The World as Obama Finds It
(DBN)

A Look at the Expiring Bush Tax Cuts
(DBN)

Commodities tumble on fears that China will try to slow its economy
(DBN)

Time for Anti-Inflation Planning
(DBN)

The Economics of Jobless Recoveries
(DBN)

Debt Commission: Free Ride for Boomers
(DBN)

National Greatness Agenda - "It will come with amazing swiftness"
(DBN)

Freddie Mac says foreclosure problems may drain recovery
(DBN)

G20 forges ahead with 'too big to fail' controls
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Prices Fall in Half of US Metro Areas
(DBN)

100s, Maybe 1000s of Foreclosed Mass. Homeowners Find Out They’re Back in the Ballgame Again
(DBN)

Banks escaping big foreclosure class actions
(DBN)

Florida court: Robo-signing not sufficient to stop foreclosure
(DBN)

No Breaks for Robo-signing Computer Stamping Mortgage Documents
(DBN)

Fraud-closure biz fizzles out
(DBN)

Tales of robo-signers now showing on YouTube
(DBN)

Evictions Pile Up in Sheriff’s Office, Part of a ‘Populist Revolt’
(DBN)

Lenders Face Lawmaker Wrath Over Foreclosures
(DBN)

Jamie Dimon And Bob Rubin Dodged Questions On Foreclosure Fraud
(DBN)

Lender seizes desperate borrowers' homes
(DBN)

Taking Aim at the Mortgage Tax Break
(DBN)

D.R. Horton narrows 4Q loss, posts year-end profit
(DBN)

C-Bass Files Bankruptcy With $1 Billion Debt After Restructuring in 2007
(DBN)

Fed’s Raskin: Mortgage Servicing Needs Serious Reform
(DBN)

Liar Loans: White-Out & Scotch Tape at the Subprime Art Department
(DBN)

Jury finds homebuilder guilty of loan fraud
(DBN)

Stuy Town residents could get NYC grail: Ownership
(DBN)

Statler plan makes sense
(DBN)

New investor offers hope to EpiCentre
(DBN)

Regions may sell EpiCentre loan
(DBN)

St. Paul developer Jerry Trooien owes $284 million
(DBN)

Another Mansion Hits the Auction Block
(DBN)

_____________

Mass Torts:

Anadarko CEO: Still Believes BP Is Liable For Gulf Spill Despite New Information
(DBN)

______________

Fraud:

Madoff Fans Bid Feverishly for Fraudster's Footwear, Furniture, Jewelry
(DBN)

Madoff auction raises more than $2 million
(DBN)

Five Ex-Madoff Workers Sued by Bankruptcy Trustee Over Transfers
(DBN)

Bidding to own a piece of Madoff's life
(DBN)

Jack Johnson, Prince George's county executive, and his wife, Leslie, arrested
(DBN)

$79,600 in her underwear
(DBN)

Prosecutor: 'Con man' ran Ponzi scheme for three decades
(DBN)

______________

Autos:

General Motors and Chrysler were saved, but not everyone's happy.
(DBN)

Automobile Bankruptcies, Retiree Benefits, and the Futility of Springing Priorities in Chapter 11 Reorganizations
(DBN)

SAIC to Take GM Stake If China Approves
(DBN)

GM's IPO gives America a look at the future
(DBN)

GM IPO: What’s in a Ticker? Quite a Lot Actually
(DBN)

Auto Giant GM Set to Roar Back This Week
(DBN)

General Motors IPO Driving Google-Like Fervor
(DBN)

GM has orders for $60 billion in stock: sources
(DBN)

GM's IPO: Investors Could Walk with Billions
(DBN)

GM's Offering Leads Biggest Week for US IPOs Since Lehman
(DBN)

GM Retirees Weigh Buying Its Stock Again
(DBN)

Reasons to sit out GM's initial stock offering
(DBN)

Forget GM IPO; Buy Ford Shares Instead
(DBN)

Old GM stock worthless for IPO purposes, agency warns
(DBN)

This Stock Is Absolutely Worthless
(DBN)

Underwriters Walk Fine Line With GM IPO
(DBN)

Auto industry suppliers ride sales wave
(DBN)

Chrysler must see more change
(DBN)

______________

Private Equity:

PE doesn't hobble bankrupt firms: Moody's
(DBN)

______________

Corporate Reform:

Authorities Probe Harbinger
(DBN)

Hurdles Ahead in the Harbinger Inquiry
(DBN)

Elizabeth Warren Is Dreaming the Impossible Dream
(DBN)

Lobbyists' Efforts on Financial Reform Law
(DBN)

For Whistle-Blowers, Expanded Incentives
(DBN)

______________

Banking:

Fed’s Tarullo Warns Big Banks Against Rushing to Boost Dividends
(DBN)

FDIC Holds “Living Wills” Roundtable
(DBN)

For Sale: Ritzy Relics of a Bank Gone Bad
(DBN)

Parent of failed K Bank files for Chapter 7 bankruptcy in Baltimore
(DBN)

TARP recipient Tifton Banking Co. fails, marking the second TARP closure in two weeks
(DBN)

Bank of Canada suggests Basel 3 may not go far enough
(DBN)

______________

Horse Racing:

Stronach set to take the reins
(DBN)

______________

Trucking:

Arrow Trucking plan revealed
(DBN)

______________

Politics:

Gorman owes creditors $13 million
(DBN)

______________

Book Review:

The 30-Year History of the 2007-09 Financial Crisis
(DBN)

______________

Gambling:

New owner has plans for bankrupt Reno hotel-casino
(DBN)

Riviera Holdings reports wider loss, revenue drop in 3Q
(DBN)

OTB bankruptcy plan would repay state just $110K of $11M it owes
(DBN)

______________

Education:

Are Black Colleges Adding to African-Americans' Economic Woes?
(DBN)

Tuition Reimbursements for Jobless Graduates?
(DBN)

______________

 

New Bankruptcy Opinions
(2 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)

______________

Miscellaneous:

Liquidity Mitigates Need for Restructuring
(DBN)

Lehman, MGM, Tribune, Advanta, TerreStar, Madoff, Joseph Beth: Bankruptcy
(DBN)

Ambac, Workflow, Taylor Bean, Rock US, Agri-Best, PFF Bancorp: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Businesses Faring Better Than Consumers in Bankruptcy Stats
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Poetry:

Haiku: Management Committee
(DBN)

______________

Subordination:

Lenders Beware: The Threat of Equitable Subordination in Bankruptcy Cases
(DBN)

______________

Credit Counseling:

Debt Settlement Plans: Run as fast As You can, Consumers
(DBN)

______________

Automatic Stay:

The Devil Is in the Documentation
(DBN)

______________

Celebs:

Quaid stuff to be liquidated at auction
(DBN)

Real Housewife Teresa Giudice's $45 seminar topic: “How to have it all”
(DBN)

For Vick, a big payday awaits
(DBN)

Richard Dean Anderson – MacGyver Star Lands In a Predicament Not Even Duct Tape Can Fix
(DBN)

Life knocked down NSU rusher, but he never gave up
(DBN)

Heidi and Spencer Look For Ways Out of Bankruptcy
(DBN)

______________

Newspapers:

New Tribune Co. lawyer spat breaks out
(DBN)

Tribune Creditors Want to Claw Back $250M in Exec Bonuses
(DBN)

Seven Reasons Newspapers Are Not Rebounding Financially
(DBN)

Detroit Newspaper Unions Agree to Wage Cuts
(DBN)

______________

Food/Drink:

Starbucks to Double Store Openings on Economic Recovery
(DBN)

Mrs. Winner's Chicken Files Chapter 11
(DBN)

______________

Symphonies:

Orchestra Exploring Financial Options
(DBN)

______________

Credit Cards:

Cash is (Still? Again?) King
(DBN)

______________

Hotels:

Cash infusion to help keep hotel afloat
(DBN)

Tampa's 1800Hotels to be auctioned to pay creditors
(DBN)

______________

Sovereigns:

Forcing Automatic Losses on European Government Bondholders Could Backfire
(DBN)

______________

UK:

To Crack Down on Insider Trading, UK to Require Recording Calls
(DBN)

Unemployed Scots face debt crisis
(DBN)

Ireland bailout: UK taxpayers could face £7bn bill
(DBN)

Beware extending supplier credit terms
(DBN)

______________

EU:

EU Stumbles Towards a 1931 Moment
(DBN)

______________

Ireland:

EU Urges Early Irish Bailout
(DBN)
s

Bankruptcy laws need to change
(DBN)

Ireland Urged to Take Aid by Officials Amid Debt Crisis
(DBN)

IMF Ready to Help Ireland if Asked
(DBN)

Ireland Does Not Rule Out Rescue, No Talks as Yet
(DBN)

Ireland Pushed by ECB's Ordonez for Decision on Aid Before Ministers Meet
(DBN)

...young flee abroad
(DBN)

Concern grows as Dublin spurns help
(DBN)

Default of the Irish?
(DBN)

Simon Johnson Warns Ireland: Seek IMF Bailout Or Risk Bankruptcy
(DBN)

Banking sector bends under Irish pressure
(DBN)

Bank fears Nama will 'dump' properties at distressed prices
(DBN)

Irish Bank Default Swaps Rise to Distress as Loan Losses Lift Bailout
(DBN)

US visa of Anglo-Irish Bank chief disputed
(DBN)

Anglo seeks US court approval to question former CEO
(DBN)

Drumm's €3.7m pension pot beyond his creditors' reach
(DBN)

Fears for 1100 jobs as NAMA sends receiver into McNamara
(DBN)

Fading luck of the Irish
(DBN)

Royal Bank of Scotland, Lloyds Have `Modest' Irish Investments, UBS Says
(DBN)

______________

Greece:

Greece Expects Budget Pressure from EU, IMF
(DBN)

Greece's budget deficit worsens
(DBN)

IMF and EU inspectors in Athens to review Greek finances
(DBN)

German stance may push nations toward bankruptcy -Greek PM
(DBN)

Delay possible to Greek debt repayments: Papandreou
(DBN)

Athens votes in Socialist party for first time in 24 years
(DBN)

______________

Canada:

Canada's Coming Housing Bust
(DBN)

______________

China:

Who Sets China's Monetary Policy?
(DBN)

______________

Iceland:

IMF Says Iceland's Economy Stabilizing
(DBN)

______________

Belgium:

Brink's Belgium unit seeks bankruptcy protection
(DBN)

______________

Australia:

Pescott in second liquidator lawsuit
(DBN)

______________

Japan:

Times get even harder for Ginza hostesses
(DBN)

______________

Kenya:

Cabinet clears the way for debating firms’ rescue law
(DBN)

______________

Middle East:

Dubai Group misses two loan repayments
(DBN)

______________

Russia:

Russia Police: Lawyer Who Died in Jail Stole $230M
(DBN)

______________

Austria:

A-Tec May Sell AE&E as Debt Talks Fail, Creditors Say
(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).