August 10, 2011

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:

Most Highly Regarded Firms: Insolvency & Restructuring 2011
(DBN)

Roundtable: Insolvency & Restructuring 2011
(DBN)

BigLaw Wants Judge to Rule It Didn't Screw Up in Dodgers' Owner's Divorce
(DBN)

Judge expresses concern over Bingham McCutchen suit
(DBN)

BigLaw Supply and Demand
(DBN)

Strauss-Kahn, AIG-BofA, UniCredit, Citigroup in Court News
(DBN)

Are We Entering a Double-Dip Recession? If So, What Should We Do?
(DBN)

The Power Of ‘And’
(DBN)

12 Things I Hate About Small Firm Practice
(DBN)

Harvard, a Mini-MBA and Perks at Skadden
(DBN)

Tenured Law Faculty Salaries, Job Satisfaction
(DBN)

ABA tackles law student debt and job placement
(DBN)

Because Cooley Law Really Needs Another Campus
(DBN)

UCLA Law School Receives $10 Million Gift
(DBN)

ABA Urges Law Schools to Adopt More Practical Training for Students
(DBN)

Embattled Law Prof Suspended for 1 Year Without Pay, Ordered to Get Psychiatric Treatment
(DBN)

ABA Rejects Proposed Measure for Collaborative Law Guidelines
(DBN)

The Collected Writings of Stephen McDaniel
(DBN)

US Seeks to Deport Wife, Son of Man It Agreed to Protect
(DBN)

Repairman steals homeowner's diamond ring by swallowing it
(DBN)

‘Mini-skirt Monday'??
(DBN)

"They come back and they grab a handful."
(DBN)

Men Find the Strangest Places . . .
(DBN)

______________

Judges:

Two NY BigLaw Partners Support Salary Increase in Open Meeting on Judicial Pay
(DBN)

______________

Wall Street:

Stock futures signal dip as rally fizzles out
(DBN)

World stocks claw back ground on Fed rates pledge
(DBN)

______________

Layoffs:

US Productivity Falls As Labor Costs Rise Putting Pressure On Weak Job Markets
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Consumer Finance:

Post-Downgrade, Higher Rates for Borrowers
(DBN)

Fitch: U.S. Credit Card Defaults Post Second Biggest Drop in Five Years
(DBN)

______________

Municipalities:

Bankruptcy : Coming To A Municipality Near You
(DBN)

As S&P Downgrades Continue, State And Local Governments Brace For Prospect Of Higher Costs
(DBN)

California Revenue Falls 10.3% Short of Forecast in July on Expired Taxes
(DBN)

Expect "drastic" spending cuts in California
(DBN)

Central Falls receiver repeats claim of power over city's contracts
(DBN)

Troubled Pa. capital gets new offer on incinerator
(DBN)

______________

Small Business:

Small Businesses Are More Depressed
(DBN)

______________

Health Care:

Hoboken University Hospital's CEO Received $600K Severance as Hospital Filed for Bankruptcy
(DBN)

______________

Corporate Reform:

The CFPB's Claim To Be The "Most Accountable" Agency In Government Is Simply Not Factual
(DBN)

______________

Autos:

GM 'Unsure' of Demand as Share Rout Loses US $7.2 Billion
(DBN)

G.M. Sees Cost Cuts Continuing for Years in Effort to Sustain Long-Term Growth
(DBN)

______________

Fraud:

Galleon’s Rajaratnam Asks for Sentence ‘Substantially Below’ Guidelines
(DBN)

Ex-Point Blank Chief to Plead to Tax Charges
(DBN)

______________

Asset Protection:

Hawaii Says Aloha To Asset Protection Trusts
(DBN)

______________

Economy:

Divided Fed says likely to keep rates low through mid-2013
(DBN)

Parsing the Fed: How the Statement Changed
(DBN)

Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years
(DBN)

Economists comment on Fed rate plan
(DBN)

After Fed Statement We Need A Stronger Word Than Bleak
(DBN)

Stealth QE3 Is Upon Us, How Ben Did It, And What It Means
(DBN)

Gold steadies near lifetime high, econ worries linger
(DBN)

Cost of insuring U.S . debt against default falls
(DBN)

Downgrade Doesn’t Matter as Bond Investors Show Faith in Fed After S&P Cut
(DBN)

Economic Uncertainty Leading to Global Unrest
(DBN)

Dow soars 429 points after Fed makes new pledge on rates
(DBN)

Fed to Equity Markets: Drop Dead
(DBN)

Safe-haven currencies gain at dollar's expense
(DBN)

Dollar Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971
(DBN)

U.S. Workers Were Less Productive in the Spring
(DBN)

Standard & Poor's lowers more ratings
(DBN)

Some munis can have higher ratings than US-S&P
(DBN)

Was S&P downgrade an act of revenge?
(DBN)

Banker sends plane over the S&P building with the banner: "Thanks for the downgrade, you should all be fired!"
(DBN)

S&P balks at SEC proposal to reveal rating errors
(DBN)

The difference between S&P and Moody's
(DBN)

Credit Rater Overreacted and Overreached
(DBN)

The Aftermath of Standard & Poor’s Rating
(DBN)

Stock Plunge Isn't a Great Recession Predictor
(DBN)

Poll: US Sees Debt Deal as Bad for Nation
(DBN)

Uncertainty Feels Like the New Normal
(DBN)

US Economy Paying for Past Debt Binge
(DBN)

Why the President Doesn't Present a Bold Plan to Create Jobs and Jumpstart the Economy
(DBN)

Who's Right? Krugman or Paulson?
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Washington State Sues BofA Over Foreclosures
(DBN)

H&R Block, Massachusetts Reach $125 Million Accord in State Mortgage Suit
(DBN)

Zillow: Home prices still falling
(DBN)

Stimulus is worthless unless housing fixed: analysts
(DBN)

Rise in REO value cuts Freddie Mac holding expenses by 90%
(DBN)

Goldman says some insurers threaten mortgage suits
(DBN)

Palm Harbor Files Plan With Recovery for Unsecured Creditors
(DBN)

Lender to modify Mass. home loans in settlement
(DBN)

Former state investigator takes job at foreclosure firm under office's investigation
(DBN)

CMBS delinquency hits all-time high
(DBN)

_____________

Banking:

Ritholtz Says BofA Should Seek GM-Style Bankruptcy
(DBN)

Is Bank of America on the brink of bankruptcy ?
(DBN)

Moynihan tells staff Bank of America on right path
(DBN)

Brian Moynihan May Want To Look Into Buying Some CDS
(DBN)

FDIC Asks Judge To Toss $1.75B Bank Of America Ocala Suit
(DBN)

Worst not over for banks. But it's not 2008
(DBN)

Goldman Sachs sued by credit union watchdog
(DBN)

______________

Education:

Kentucky Asks to Join Justice Department Suit Against Education Management
(DBN)

______________

Gambling:

Standard & Poor's rates Station Casinos debt at 'B'
(DBN)

______________

Bankruptcy Crimes:

Westport Businessman Pleads Guilty In Bankruptcy Fraud
(DBN)

______________

Religion:

Creditors to Crystal Cathedral: Sell or get sued
(DBN)

Chapman University, Diocese of Orange emerge as front-runners for Crystal Cathedral
(DBN)

______________

Personal Bankruptcy:

Heartbreak and heartburn in bankruptcy court
(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)

Courthouse Locations

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:

Rochelle on Dreier, Scotia-Palco and Hooters
(DBN)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Insured versus insured exclusion inapplicable to action by bankruptcy trustee, and bankruptcy exclusion deemed unenforceable
(DBN)

Fifth Circuit: Excess Insurance Not Triggered When Underlying Insurance Limit Not Exhausted by Payment
(DBN)

D&O insurance against clawbacks?
(DBN)

______________

Drafting:

Be Careful What You Draft for: Delaware Chancery Court Blesses Dynegy’s Reorganization
(DBN)

______________

Litigation:

"There is no provision in the Federal Rules of Civil Procedure for motions to strike motions and memoranda"
(DBN)

______________

Celebs:

Lenny Dykstra pleads not guilty
(DBN)

Heisman winner Detmer says he lost $2 million in scam
(DBN)

______________

Lehman:

Lehman Brokerage, Beset by Litigation, Wants Payback to Start Soon
(DBN)

Lehman trustee hopes to pay customers in full
(DBN)

______________

Hollywood:

Judge Rejects David Bergstein Trustee's Request to Abolish Attorney-Client Privilege
(DBN)

______________

Sovereigns:

Credit Ratings Around the World, According To S&P, Moody's And Fitch
(DBN)

______________

IMF:

In Lawsuit, DSK Accuser Asks For More Than Money
(DBN)

______________

UK:

'Showing the rich people we can do what we want'
(DBN)

Rioters rob people on street, force them to strip
(DBN)

These riots were about race. Why ignore the fact?
(DBN)

Dramatic Pictures Of The London Riots
(DBN)

Police Prevent Fourth Night of London Riots
(DBN)

Residents asked to patrol streets
(DBN)

UK Official Calls for BlackBerry Ban to Help Control London Rioting
(DBN)

BlackBerry Falls From Executive Suite to UK Mobs
(DBN)

Independent Labels May Face Bankruptcy Due To London Riots
(DBN)

Bank of England cuts growth forecast
(DBN)

Appointment of Administrators - 9 August 2011
(DBN)

Winding Up Petitions - 9 August 2011
(DBN)

______________

EU:

Merkel faces revolt over eurozone deal
(DBN)

Sarkozy in emergency meeting on euro debt crisis
(DBN)

______________

Germany:

German court releases Crown Prince's jet
(DBN)

Commerzbank Profit Drops 93% on Greek Debt
(DBN)

______________

PIIGS:

Central Bank Props Up Spain and Italy, for Now
(DBN)

Portugal Faces Challenges in Meeting Bailout Terms
(DBN)

Decision on Drumm near as hearing in final phase
(DBN)

Drumm goes it alone as $250k firm loan dwindles to $300
(DBN)

Bank of Ireland cuts losses in H1
(DBN)

______________

BVI:

The blame game: obtaining financial relief against directors and officers in insolvencies
(DBN)

______________

Australia:

Australian Consumer Confidence Slumps to Lowest Since 2009 on Market Slump
(DBN)

______________

Please note that 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, 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).

 

Copyright 2011