April 28, 2011

The Daily Bankruptcy News

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Law:

Back in Black
(DBN)

BigLaw Money Machine Revs Up Again: PPP Rose 8.4% at Am Law 100 in 2010, to Average $1.36M
(DBN)

Perkins Coie Got Obama's Birth Certificate
(DBN)

BigLaw and the Undead
(DBN)

How to Handle Self-Important Senior Associates
(DBN)

The Nice Ones
(DBN)

Paul Clement's Noisy Withdrawal
(DBN)

Did King & Spalding Breach Professional Ethics in its DOMA Withdrawal?
(DBN)

Former King & Spalding Partners Claim Usual Vetting Process Is Very Thorough
(DBN)

BigLaw Firm Closing 15-Lawyer Office, Staffers Face Possible Layoffs
(DBN)

1,803: Which BigLaw Firm Is the Biggest Here at Home?
(DBN)

Alternative Legal Careers: From BigLaw to Legal Recruiting
(DBN)

ABA Will Look at Allowing Non-Lawyer Partners
(DBN)

Elliot Moskowitz Named “Outstanding Young Restructuring Lawyer”
(DBN)

Blaylock Inducted Into American College of Bankruptcy
(DBN)

Goodwin Procter hires Dallas bankruptcy attorney
(DBN)

Primary Global, Deutsche Bank, Madoff, Glaxo in Court News
(DBN)

Supreme Court backs AT&T, limits class-action suits
(DBN)

Class Action Ruling an Earthquake for California Litigation
(DBN)

Senators Franken and Blumenthal and Representative Johnson Announce Legislation Giving Consumers More Power In Courts vs. Corporations
(DBN)

Fla. AG Has No Power to Probe Law Firm Under Unfair Trade Practices Law
(DBN)

When Worlds Collide: David Boies on the FAN
(DBN)

US firm seals hire of Serious Fraud Office GC for London office
(DBN)

Take These Books… Please
(DBN)

Hopes for a law school at Texas A&M
(DBN)

Failure To Pay Student Loans Draws Proposed Suspension
(DBN)

Law School Seeks One-Eyed Man To Lead Blind
(DBN)

ABA President to Boxer: Law Grads Shouldn't Be ‘Shadowed by Overwhelming Debt’
(DBN)

Law Student, 25, Suing Parents Seeking $588 Monthly Allowance Is Ordered to Move Out and Get a Job
(DBN)

Lawsuit(s) of the Day Potpourri
(DBN)

Strip Club Complaint
(DBN)

Blowing Kisses at Jailed ‘Client’ Reportedly Led to Criminal Case Against Lawyer
(DBN)

Judge Throws Out Guilty Plea After Defendant Says She Had Sex with Her Lawyer in His Office
(DBN)

Online hoax romance at heart of lawsuit
(DBN)

Lawyer Seeking to Hire Attractive Woman
(DBN)

______________

Judges:

At Supreme Court, another ruling in favor of corporations, critics say
(DBN)

Sheriff’s Officers Go to Wrong Home, Mistake Judge for Burglar, Hold Her Briefly at Gunpoint
(DBN)

'Unseemly Process' to Follow Announcement of Job Cuts
(DBN)

______________

Wall Street:

Stock futures tread water ahead of GDP, post-Fed
(DBN)

Nasdaq hits 10-year high after Fed rate decision
(DBN)

Stocks close up after Fed says recovery will continue
(DBN)

______________

Layoffs:

Ben Bernanke defends Fed's impact on job creation
(DBN)

Unemployment rates down in 317 cities, most since '09
(DBN)

Young in US Face Dire Labor Market
(DBN)

US Employers Shifting to More Temp Workers
(DBN)

Nokia to Eliminate 7,000 Jobs
(DBN)

Panasonic to Fire 40,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

The Problem With the F.D.I.C.'s Powers
(DBN)

______________

Derivatives:

US regulators define swaps; most are counted in
(DBN)

CFTC proposes capital rules for swaps dealers
(DBN)

CFTC Proposes Protecting Margin of Swaps Users From Peers That Go Bankrupt
(DBN)

______________

Mass Torts:

Carnival suing for Gulf of Mexico spill losses
(DBN)

BP plans its return to Gulf of Mexico
(DBN)

As Gulf Coast Suffers, BP Profits Increase To $7.1 Billion
(DBN)

Times Story On BP Spill Pulls Its Punches Against Lawyers
(DBN)

______________

Corporate Reform:

Elizabeth Warren On The Daily Show
(DBN)

Warren: Unfriendly fire
(DBN)

Warren For Sheriff? Fa Shizzle!
(DBN)

Whistleblower Rules May Not Be Ready Until Summer
(DBN)

______________

Labor:

Ex-Nortel Employees Dial for Help in Bankruptcy
(DBN)

______________

Lehman:

Lehman Settles $1.2 Billion New York State Tax Bill For $144 Million
(DBN)

Ex-Lehman Executive Takes $19.6 Million Bonus Fight to US District Court
(DBN)

Legacy of Lehman’s fall paralyses eurozone
(DBN)

Paulson-Calpers File Lehman Plan That Would Increase Bondholders' Payout
(DBN)

Taxman joins Lehmans insolvency battle
(DBN)

______________

Religion:

Crystal Cathedral musicians walk out over pay
(DBN)

Temple faces foreclosure
(DBN)

______________

Hotels:

Four Seasons staves off financial turmoil
(DBN)

NY's landmark Hotel Niagara sold at auction
(DBN)

St. Regis on the Market After Quiet Foreclosure
(DBN)

______________

Baseball:

Baseball nixes Dodgers' Fox rights deal
(DBN)

Inside the New York Mets' financial ledger
(DBN)

______________

Autos:

Chrysler Said to Plan to Borrow $6 Billion to Refinance Government Debts
(DBN)

Moody's May Cut Fiat's Credit Rating
(DBN)

Earthquake-stricken Honda sees profits slump by 38%
(DBN)

______________

Finance:

CIT Group profit falls 55 percent
(DBN)

______________

Personal Finance:

The New Ideal Retirement Age
(DBN)

______________

Consultants:

Lazard restructuring revenue drops 65%
(DBN)

Evercore Partners Adds Lloyd Sprung
(DBN)

______________

Golf:

Unknown buyer pays $660,000 for golf course, clubhouse
(DBN)

______________

Credit Counseling:

$13.8M Fine For Fraud Charges In Texas
(DBN)

______________

Economy:

Largest Banks Likely Profited By Borrowing From Federal Reserve, Lending To Federal Government
(DBN)

Bernanke Holds First Press Conference in Fed's History
(DBN)

Fed hikes 2011 inflation view, cuts GDP outlook
(DBN)

Paul unimpressed by Bernanke presser
(DBN)

Ron Paul to Bernanke: Own up to problems
(DBN)

Grading Ben Bernanke: B for Substance, But Attitude Needs Adjustment
(DBN)

Bernanke: He's not Mr. Charisma
(DBN)

Bernanke Boosts Wall Street, Not Main Street
(DBN)

Bernanke says federal deficit is 'simply not sustainable'
(DBN)

US Banks Warn Obama on Soaring Debt
(DBN)

Washington's debt ceiling terrorists
(DBN)

Minn. lawmaker aims to plan for federal insolvency
(DBN)

Even Bernanke expects weak Q1 GDP report
(DBN)

Bernanke: Fed Can't Do Much About Gasoline Prices
(DBN)

High fuel prices starting to burn
(DBN)

Rising gas prices: Can Obama do anything about them?
(DBN)

Gas Prices: Round Up the Usual Suspects
(DBN)

Gold hits record after Fed says low rates to stay
(DBN)

Fed sticks to easy street
(DBN)

The Slow Recovery Due To Inadequate Policy Response
(DBN)

Economic Recovery To Lose Steam As Inflation Arrives, Federal Reserve Says
(DBN)

Bernanke punts on jobs gas
(DBN)

What Ben Bernanke should've said
(DBN)

Fed Existentialism
(DBN)

Bernanke Says 'Extended Period' Means 'Couple of Meetings'
(DBN)

Fed chief holds court, signals end of stimulus plan
(DBN)

Bernanke Says Fed Will Maintain Record Stimulus Program, Monitor Inflation
(DBN)

Fed will reinvest after QE2 ends, Bernanke says
(DBN)

Dollar's Race to the Bottom
(DBN)

Dollar Index Drops to Lowest Since 2008 on Fed Pledge; Stocks, Gold Climb
(DBN)

Why Bernanke's Speech Trashed The Dollar
(DBN)

More Americans raiding their nest eggs
(DBN)

US: Durable Goods Rose in March
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

For the Servicers: Is It Better to Rob Peter or Paul?
(DBN)

Mortgage-backed securities holders held not to have bankruptcy case standing as a party-in-interest under Section 1109(b)
(DBN)

Pruitt seeks separate foreclosure settlement for state
(DBN)

BofA Said to Target Individual States in Foreclosure Inquiry
(DBN)

Michigan AG to probe DocX signatures
(DBN)

Housing Remains the Achilles Heel of the Expansion
(DBN)

Phoenix Underwater Mortgages Show Housing's Threat to Recovery
(DBN)

Cook County foreclosures jump 10% in first quarter
(DBN)

Slow start for Florida's foreclosure mediation program
(DBN)

Bank of America's putback burden still heavy
(DBN)

Home Ownership Rate Drops to 1998 Level
(DBN)

Foreclosure prevention legislation fails in Sacramento
(DBN)

The 88-Year, No-Interest Mortgage
(DBN)

Flagstar losses narrow, unloads $80 million in troubled mortgages
(DBN)

Mortgage applications fell last week as FHA insurance premiums rise
(DBN)

Freddie Reports Considerably Lower Volumes In March
(DBN)

Man kills self and his 5 children cause he couldn't keep up with mortgage
(DBN)

French bankruptcy approved
(DBN)

Fulton Homes mediation ordered
(DBN)

Foreclosures pushing appraisals down in some areas
(DBN)

Pennsylvania law gives cities more muscle to attack blight
(DBN)

US commercial real estate markets steady
(DBN)

Update on two timeshare bankruptcies
(DBN)

Prepetition lis pendens notice sufficient to prevent debtors-in-possession from avoiding equitable lien under exercise of strong-arm powers
(DBN)

Six Foreclosed Luxury Mansions That You Can Buy For Cheap
(DBN)

______________

Municipalities:

Vallejo Municipal- Bankruptcy Morass Prompts US States to Prevent Filings
(DBN)

Meanwhile, In Vallejo
(DBN)

Federal officials cut off funding for Montebello, demand $5 million be repaid
(DBN)

'Early intervention' plan could prevent city bankruptcy
(DBN)

Cleveland: Mayor announces hundreds of layoffs
(DBN)

A State Manager Takes Over and Cuts What a City Can't
(DBN)

Pew: Wisconsin One of Most Solvent Pensions
(DBN)

Public Pensions Now Facing the Axe
(DBN)

Bell Seeks $4.5M in Former Officials’ Pensions to Ease City’s Budget Problems
(DBN)

The GOP's Jail Sell
(DBN)

______________

Radio:

Five southern New Jersey radio stations up for auction following Atlantic Broadcasting bankruptcy
(DBN)

______________

Small Business:

Chase Commits $12 Billion for Small Business Loans
(DBN)

______________

Retailing:

Wal-Mart: Our Shoppers Running Out of Money
(DBN)

Auction results of Joseph-Beth Booksellers' stores get approval
(DBN)

Bankruptcy Court approves plan to let Davis-Kidd stay open
(DBN)

Can GGP, Caruso Get Along at Glendale Galleria?
(DBN)

Emerging from bankruptcy, General Growth Properties Inc. earnings on track
(DBN)

Bankruptcy Scores: 20 Risky Retailers
(DBN)

______________

Environmental:

Contemplating Chapter 11 as a “Fresh Start”? Consider Recent Developments in Environmental Claims Liability
(DBN)

______________

Hollywood:

David Bergstein Claims Conspiracy Behind Bankruptcy Case
(DBN)

______________

Credit Reporting:

Keeping up with the Jones: Credit score edition
(DBN)

______________

Agriculture:

Farm Subsidies Face The Budget Axe
(DBN)

______________

Distressed Investing:

Jefferies Hires Arjomand, Morse in Distressed Sales and Trading Groups
(DBN)

______________

Insurance:

A.I.G. to Sue 2 Firms to Recover Some Losses
(DBN - NY Times - Paywall Limit Possible)

______________

Weather:

Death Toll in Alabama Storm Hits 128
(DBN)

______________

Credit Cards:

Card Charge-Off Rates Resume Improvement Trend: Moody's
(DBN)

Why More are Rejecting Credit Cards
(DBN)

______________

New Bankruptcy Opinions
(6 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)

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)

______________

Miscellaneous:

Lehman, Banning Lewis, Charlie Brown's, Borders: Bankruptcy
(DBN)

Father facing bankruptcy 'sets fire to home killing himself and his five children'
(DBN)

______________

Bankruptcy Statistics:

OC bankruptcies highest in 65 months
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Litigation:

Golden Gate Sued by Orchard Brands Unit Over Fraudulent Payment
(DBN)

______________

Bankruptcy Rules:

2019: High Court Clears Rule on Disclosing Creditor Data
(DBN)

The Amendment
(DBN)

______________

Plans:

Sacrificing Clarity on the Altar of “Comprehensiveness”: Judge Gerber Suggests Using White Space and Headings in Drafting Complicated Plan Provisions
(DBN)

______________

Committees:

Committee Capture? An Empirical Analysis of the Role of Creditors’ Committees in Business Reorganizations
(DBN)

______________

Sales:

Take me to the River (Road): the Seventh Circuit prepares to weigh in on credit bidding
(DBN)

______________

Fraud:

Sokol Violated Berkshire Insider-Trading Rules, Audit Finds
(DBN)

SEC probing ex-Berkshire executive Sokol
(DBN)

The Simple Reason Warren Buffett Just Threw David Sokol Under The Bus
(DBN)

Dave Sokol Made Warren Buffett Remove A Key Paragraph From That Now Infamous Press Release About Why He Suddenly Resigned From Berkshire
(DBN)

David Sokol's Lawyer Just Accused Warren Buffett Of Lying
(DBN)

David Sokol Let A Citi Banker Look Like A Liar Over The Lubrizol Mishap To Avoid Taking Blame, Says Berkshire Report
(DBN)

Berkshire Hathaway Board Responds to David Sokol Controversy
(DBN)

Can of Worms Still Open on Sokol Incident
(DBN)

Warren Buffett to 'Welcome All Questions' on 'Violations' of Ethical Standards
(DBN)

3 Nagging Questions for Warren Buffett
(DBN)

3 New Damaging Details About David Sokol
(DBN)

Berkshire Says Citigroup Account 'Did Not Square' With Sokol's
(DBN)

Madoff Trustee Must Publish Results of Probe of Defunct Firm, Lawyer Says
(DBN)

Bernie Madoff schemed with bankers in Ponzi cams, asserts Madoff and new book
(DBN)

'imaginingMadoff' to be presented on May 14
(DBN)

Rothstein property foreclosed, sells for $1.8 million
(DBN)

Accountants lent Ponzi scheme credibility
(DBN)

Jesus-Loving Hedge Fund Shut Down By SEC
(DBN)

Rajaratnam Prosecutors Notch Plea Deals While Awaiting Verdict
(DBN)

Ex-SAC Manager Longueuil Will Plead Guilty to Insider Trading, U.S. Says
(DBN)

Ex-Primary Global Consultant Chu to Waive Indictment in Fund Insider Case
(DBN)

The Rajaratnam Defense Waits Calmly: Raj Reads The Newspaper And John Dowd Announces Retirement From Trials
(DBN)

Galleon Jurors Review More Taped Phone Calls
(DBN - NY Times - Paywall Limit Possible)

______________

Litigation:

No Class: The Supreme Court's Arbitration Ruling
(DBN)

After Arbitration Ruling, Watch Warren's Consumer Bureau
(DBN)

Litigation Finance: Juridica Keeps Racketeering Dispute Under Wraps
(DBN)

Can Technology 'De-Commoditize' Document Review?
(DBN)

______________

Celebs:

Toni Braxton Graduated From Debt School At Judge's Orders
(DBN)

Obama's Birth Certificate & The Unsinkable Donald
(DBN)

But Will the Document Put an End to Birther Litigation, Legislation?
(DBN)

Will Release Of Obama's Purported Birth Certificate Give Rise To New "Certer" Movement?
(DBN)

Donald Trump’s Latest Salvo: How Did Obama Get Into Harvard Law?
(DBN)

Bankrupt Former Blazer's House To Be Auctioned
(DBN)

______________

Compensation:

Visteon CEO's 2010 pay package totals $27 mln
(DBN)

First the "Say on Pay," Then the Lawsuit?
(DBN)

Barclays Shareholders Not Crazy About Execs Making More Than $50 Million
(DBN)

______________

Food/Beverage:

Parmalat bid in doubt as Rome ponders options
(DBN)

______________

UK:

Scotland has six towns in the ` bankruptcy top ten`
(DBN)

Former City director, insolvency practitioner bankrupt
(DBN)

Appointment of Administrators - 27 April 2011
(DBN)

Winding Up Petitions - 27 April 2011
(DBN)

______________

EU:

Uncertainty Rattles Europe's Consumers
(DBN)

______________

Canada:

Canada Financial Sector: Take Back Tax Breaks
(DBN)

Earl Jones Victims still waiting to hear from CRA
(DBN)

Follow Canada? Only at your own risk.
(DBN)

______________

Germany:

German Unemployment Is Near a 20-Year Low
(DBN)

______________

PIIGS:

Why EU is Delaying Greek Default
(DBN)

Still uneasy in Athens
(DBN)

From Iceland to Ireland: what if a state does not pay its foreign creditors?
(DBN)

European Commission Failed To Rein In Ireland, Says Regling
(DBN)

Department To Create Pool Of Directors For Bank Boards
(DBN)

Grehan left 'baffled' after appointment of receivers by NAMA
(DBN)

Chasing the offshore assets of Ireland's former wealthy class
(DBN)

The family home is never really beyond reach of creditors
(DBN)

______________

Japan:

Japan central bank lowers growth forecast to 0.6%
(DBN)

Acom, Promise Post Losses on Interest Refunds, Record Quake
(DBN)

Japan Tourists Shun Hawaii as Golden Week Travel Falls on Quake
(DBN)

Japan Rating Threat May Force Higher Taxes to Fund Rebuilding
(DBN)

______________

MENA:

Syria: 200 Party Officials Quit Over Crackdown
(DBN)

US Approves Oil Purchases from Libya
(DBN)

Analysts: Oil Prices Not on Fundamentals
(DBN)

______________

China:

China Considers Drastic Move To Limit Real Estate Developer Profits To 5%
(DBN)

______________

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Copyright 2011