August 18, 2011

The Daily Bankruptcy News

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Law:

For Working Mothers, BigLaw Remains a Tough Nut to Crack
(DBN)

Firms cash in on Howrey bankruptcy
(DBN)

Associate Claims He Was Fired for Exhibiting Intelligence and Creativity
(DBN)

Zombie Firm Gives an Arm and a Leg to Pay Its Unsecured Debts
(DBN)

Bakers usurps Skadden as world's largest firm with $2.27bn turnover
(DBN)

Bankruptcy Associate Moves Up to Senior Counsel by Moving Over to New Firm, Launches Delaware Office
(DBN)

Williams Love files for bankruptcy, latest law firm to struggle in down economy
(DBN)

To Get a Higher Salary, Try Using Hostage Negotiator Tactics
(DBN)

Who Got Lucky in the Lone Star State?
(DBN)

Bar Members Sue Bank of America
(DBN)

What if law schools opened their own law firms?
(DBN)

Former K&L Gates Partner Admits Stealing Client Money to Pay Gambling Debt
(DBN)

After Supreme Court Win Forcing Customers to Arbitrate, AT&T Now Sues to Stop the Arbitration
(DBN)

Most Highly Regarded Firms: Real Estate 2011
(DBN)

Research Trends and Conclusions: Real Estate 2011
(DBN)

How to Code Those Unbillable Hours: A Guide
(DBN)

A Generation of Looking Out for the Next Generation
(DBN)

BigLaw Partner Headed to Serve Tour of Duty in Afghanistan
(DBN)

88% of Lawyers Say They Use Smartphones
(DBN)

Four Online Competitive Bidding Sites for Law Departments to Procure External Counsel
(DBN)

7 Essential Apps for Busy Legal Professionals
(DBN)

Female lawyer gets Lexus stuck in wet concrete
(DBN)

For Contract Lawyers at DC Firms, a Boom
(DBN)

NY's New Client-Disclosure Rule Not as Tough as Other States'
(DBN)

Goldman, Apple, News Corp., BofA, Madoff, French Gulch, TCW in Court News
(DBN)

A Q&A With Brandon Wade, Mr. Sugar Daddy
(DBN)

UM Athlete Scandal -- OF COURSE Lawyers Are Involved.
(DBN)

Vinny From Jersey Shore In Re: The LSAT And Its Relevance In Building A Legal Career
(DBN)

On Villanova’s “Censure” By the ABA
(DBN)

Chicago: Here Comes ATL Courtship Connection!
(DBN)

Only 20% of Malpractice Cases Pay Out
(DBN)

Lawyer Reportedly Caught on Tape Offering to Pay Opposing Expert to Leave Town
(DBN)

Cheating Wife? Don’t Just Get Mad, Get Even (Then Watch Her Get Disbarred)
(DBN)

Here Is The Contract You Need To Sign To Eat At Rogue 24
(DBN)

Sending the Police Before There's a Crime
(DBN)

Woman Tried To Assault Girlfriend With . . .
(DBN)

Man Nabbed For Truly Mortifying Bieber Heist
(DBN)

71-Year-Old Graffiti Tagger Arrested
(DBN)

Do Not Try This At Home . . .
(DBN)

Moron of the Day
(DBN)

Lawsuit of the Day: Ex-Kasowitz Associate With ‘Superior Legal Mind’ Sues the Firm for $77 Million
(DBN)

Pit Bull Advocate, Mauled to Death By Her Pit Bull
(DBN)

Child Abuse Trial Begins for Mom Charged After Sending Video of Hot Sauce Discipline to Dr. Phil
(DBN)

Sting Nabs City Worker On Lunch Break, Congressional Staffer & City Council Candidate
(DBN)

Lawyer Allegedly Caught in Sting Buying Silenced ‘Hit Man’s Gun,’ Citing A/C Privilege as a Shield
(DBN)

Mug Shots
(DBN)

______________

Judges:

Michigan Judges Agree With Need to Cut Court Budgets
(DBN)

State Court Administrative Office Recommends Cutting 49 Judgeships in Michigan
(DBN)

NYCLA Report Charts Effect of Budget Cuts on NY Courts
(DBN)

Courthouse Security Guards Investigated for Accepting Autographed Roger Clemens Baseballs
(DBN)

Kennedy and Roberts Are Crucial Votes on Health Care Law
(DBN)

______________

Wall Street:

U.S. Stock-Index Futures Slide
(DBN)

Stocks Close Mixed Amid Tech Weakness
(DBN)

Stocks fall amid doubts about further stimulus
(DBN)

Stock Mutual Funds See Huge Outflow
(DBN)

Volatile Stocks to Leave Lasting Scars on Fund Investors' Psyche
(DBN)

The departure of Wall Street interns is going to be brutal like never before
(DBN)

______________

Layoffs:

When Will Job Creators Create Jobs?
(DBN)

Obama Works on Plan to Add Jobs
(DBN)

Senior Citizen Explosion Could Be a Job Creator
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Baseball:

Dodgers Season-Ticket Holders Want Standing in Bankruptcy Case
(DBN)

Weirdness bubbles to surface in Dodgers bankruptcy
(DBN)

Dodgers CFO says no payments or loans made to McCourt in 2 years before bankruptcy
(DBN)

Los Angeles Dodgers Paid Insiders $5.9 Million in Year Before Bankruptcy
(DBN)

Dodgers CFO testifies at creditors meeting
(DBN)

Mets gate woes
(DBN)

______________

Health Care:

Majority Owner of New York's Peninsula Hospital Notifies Board of Withdrawal
(DBN)

City Council to Vote On Emergency Legal Counsel Contract
(DBN)

______________

Autos:

Debt collectors begin taking stock of Saab assets
(DBN)

Saab's future is getting even murkier
(DBN)

GM Takes Lead in UAW Negotiations
(DBN)

UAW : Ford talks ahead of schedule, strike vote set
(DBN)

GM: Bankruptcy should bar Impala suit
(DBN)

______________

Pensions:

PBGC issues final PPA regulation on terminating plans in bankruptcy
(DBN)

______________

Resorts:

Resort Owner Looking to Extend Almost $3B in Debt
(DBN)

______________

Fraud:

Madoff trustee adds claims in $2 billion UBS lawsuit
(DBN)

Madoff Trustee Amends UBS Case, Says Bank Misled Regulators
(DBN)

Madoff trustee Irving Picard drills deep to recover money
(DBN)

Kallas: No Surprise As 2nd Circuit Rejects Wilpon/Katz Arguments In Madoff Case
(DBN)

Madoff Trustee Gets a Green Light on Clawbacks
(DBN - NY Times - Paywall Limit Possible)

Federal warrant out for alleged Margate Ponzi schemer
(DBN)

Jurors begin deliberations in former Triton CEO's fraud trial
(DBN)

Follow the money to understand scandals
(DBN)

Booster Details Illegal Gifts to Miami Players
(DBN)

UM players could face bankruptcy clawback suits for Ponzi gifts
(DBN)

Lawyer wants Miami players to return cash, gifts from Ponzi scheme
(DBN)

Ponzi Schemer/UM Football Team’s Liason Puts Colleagues To Shame
(DBN)

Judge denies Rajaratnam's bid to toss conviction
(DBN)

Grant Thornton appointed liquidators to Stanford International
(DBN)

______________

Debt Collection:

Collectors Posing As Law Enforcement, AG Warns
(DBN)

______________

Credit/Debit Cards:

Credit Card Delinquency Rate Falls To Lowest Mark In 17 Years
(DBN)

______________

Consultants:

FTI Promotes Lavin, Duffy to Lead Corporate Finance/Restructuring Practice
(DBN)

______________

Corporate Reform:

SEC Insider Accuses Agency Of Destroying Records Of Wall Street Probes
(DBN)

Grassley quizzes SEC on file destruction
(DBN)

Is the SEC Covering Up Wall Street Crimes?
(DBN)

Ex-FBI agent sees avalanche of whistleblower claims coming
(DBN)

Court Ruling Offers Path to Challenge Dodd-Frank
(DBN)

______________

Economy:

Fed's Fisher: Central Bank's Policy Adds to Uncertainty
(DBN)

Fed dissenters speak out
(DBN)

2011 Q2 National Distress Map
(DBN)

Wholesale Prices in U.S. Increase More Than Estimated on Tobacco, Trucks
(DBN)

Kass: Buffett Seems Bothered
(DBN)

Buffett Has A “Hidden Agenda” When It Comes to Higher Taxes
(DBN)

How Buffett Saves Billions On His Tax Return
(DBN)

Warren Buffett is insane
(DBN)

Why Doesn't Warren Buffett Just Write the Government a Check?
(DBN)

The dual-taxation meme
(DBN)

Warren Buffett's Tax Dodge - Volunteers the middle class for a tax increase
(DBN)

GOP Candidates: Too Many Americans Pay No Taxes
(DBN)

Child Poverty Up In 38 States In Past Decade
(DBN)

Report shows poor families hit hard by recession
(DBN)

Soros: Crisis is not over
(DBN)

The Report
(DBN)

World population to reach 7 billion this year
(DBN)

Morgan Stanley Lowers Global Growth Forecast
(DBN)

How Washington is destroying the economy
(DBN)

Wall Street Is Biggest Donor to Deficit Panel Members
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Obama Blocked by Banks on Mortgage Plan to Stimulate Economy
(DBN)

US homes less pricey
(DBN)

Housing finance reform debate wobbles secondary mortgage market
(DBN)

US Turns from Homeownership to Renting
(DBN)

Losing the American dream
(DBN)

For foreigners, the American Dream is very much alive
(DBN)

Obama: Expect a Slow Housing Rebound
(DBN)

Lender Held Responsible (Finally) For Representations During Loan Modification
(DBN)

Allstate Sues Goldman For Selling 'Crap' Mortgage Securities
(DBN)

CIFG Assurance Sues Goldman Sachs Over $275 Million in Mortgage Securities
(DBN)

BofA Mortgage Buyback Risk May Rise $9 Billion From Possible MBIA Victory
(DBN)

Loan Buybacks A Moving Target
(DBN)

BNY Mellon Opposes New York State Move to Intervene in BofA Settlement Deal
(DBN)

BofA Weighs Foreclosure Deal
(DBN)

Nev. AG concerned with nationwide mortgage settlement
(DBN)

Mortgage the future
(DBN)

BofA Said to Weigh Foreclosure Pact That Allows New York Probe
(DBN)

Case against MERS reaches Supreme Court
(DBN)

Battle over invalid foreclosures may shift to evictions
(DBN)

Chicago lender liability ordinance may hamper RMBS investment
(DBN)

Chicago Mayor launches $20 million foreclosure recovery program
(DBN)

Man Allegedly Got Mortgage Bailout By Persuading Bank to Take Fake $353K ‘Hank Paulson’ Money Order
(DBN)

S&P/Experian: Mortgage Default Rates Fell In June
(DBN)

Here’s what’s behind the surge in refinancings
(DBN)

San Diego home sales fall 2% in July
(DBN)

California home sales decline 11% in July
(DBN)

Las Vegas suburb on the brink of bankruptcy
(DBN)

Wells Fargo agrees to provide Conn. consumers with loan modifications
(DBN)

Lower-priced Miami home sales dominate as distressed supply shrinks
(DBN)

July architectural billings hit five month low
(DBN)

Dallas Fed predicts earlier home price recovery for Texas-like markets
(DBN)

New technology aims to bridge gap in Md. foreclosure mediation
(DBN)

Michigan officials want to eliminate foreclosure-by-advertisement law
(DBN)

New bill offers $20,000 subsidy to foreclosure buyers
(DBN)

HUD to make REO properties available to families affected by tornadoes
(DBN)

LPS' 'First Look' Shows Higher Delinquency Rate, But Lower FC Inventory
(DBN)

Moody's puts $3.5 billion of FHA/VA RMBS on downgrade watch
(DBN)

Maturing CRE Debt Means Buy-Side Opportunity, Report Says
(DBN)

Urdang White Paper Calls for Distressed Moves in Commercial Real Estate
(DBN)

Chicago Fed: Midwest Farmland Values Soar
(DBN)

Strong Demand, Tight Supply Strengthen Case for New Apartment Development
(DBN)

US Reportedly Probes S&P Over Mortgages
(DBN)

_____________

Zombies:

Social Security wrongly declares 14,000 people dead each year
(DBN)

______________

Corporate Governance:

What are GCs and Directors Thinking About Corporate Governance?
(DBN)

______________

Solar:

Why one (big) solar bankruptcy won't trigger meltdown
(DBN)

Solar power: the sun also sets
(DBN)

Evergreen Solar Bankruptcy Illustrates Toxic Mix Of Debt, Falling Solar Prices
(DBN)

Bankrupt Solar Company Stimulus Money Missing From Federal Records
(DBN)

Harsh lessons from a solar company's flame out
(DBN)

______________

Politics:

How Real Is The Texas Job Boom?
(DBN)

Fed’s Fisher Takes On The Texas Question
(DBN)

Perry's Texas: Transportation Falls Behind
(DBN)

Rick Perry's Economic Vulnerabilities
(DBN)

Perry: ‘I Got in Trouble Talking About the Fed’
(DBN)

David Stockman: Perry is Right About Fed
(DBN)

Bravo, Rick Perry, for bringing the Fed into the conversation
(DBN)

Perry: And I Don't Believe in Global Warming
(DBN)

Rick Perry's Swagger: Beaten-down America loves it
(DBN)

Poll: Obama's Approval on the Economy Sinks
(DBN)

Ron Paul: Media Are Frightened By Us
(DBN)

Bachmann: I'll bring back $2 gas
(DBN)

Herman Cain's Greatest Things To Do in Washington
(DBN)

Elizabeth Warren in my living room ‎
(DBN)

Warren readies for run against Scott Brown
(DBN)

______________

Banking:

Ooh, a TARP Rally
(DBN)

Fed concerned about European banks' US units
(DBN)

______________

IP:

An IPv4 Windfall: Circuit City’s Addresses Now On The Block, Along With Borders
(DBN)

______________

Agriculture:

Crop losses in Texas top $5 billion
(DBN)

______________

Weather:

US Sees Growing Losses From Extreme Weather
(DBN)

______________

Religion:

Catholic Church in Fear of Bankruptcy
(DBN)

Dublin Catholics may be levied as church faces bankruptcy
(DBN)

Jesuits emerge from Chapter 11 bankruptcy
(DBN)

Jesuits' NW leader issues apology for sex abuse
(DBN)

______________

Ticketing:

Ticketmaster fee structure exposed in Philadelphia bankruptcy case
(DBN)

______________

Education:

It doesn’t matter where your kid goes to school
(DBN)

Not For Profit College Board Getting Rich as Fees Hit Students
(DBN)

______________

Hedge Funds:

John Paulson's disastrous year gets even worse
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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)

______________

Bankruptcy Statistics:

Bankruptcy filings down but may signal financial struggles
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Senior class gifting is not the end of the story: some recent developments regarding the absolute priority rule and the new value exception
(DBN)

______________

Jurisdiction:

Stern v. Marshall—shaking bankruptcy jurisdiction to its core?
(DBN)

______________

Preclusion:

Seventh Circuit dodges intra- and inter-circuit conflict regarding res judicata and bankruptcy
(DBN)

______________

Avoidance Actions:

A Settlement Payment is still a Settlement Payment
(DBN)

______________

Sales:

Bankruptcy asset sale not so “free and clear” after all
(DBN)

______________

Litigation:

6 Project Management Practices to Apply to E-Discovery Cases
(DBN)

______________

Municipalities:

Central Falls Bankruptcy Crisis: Volunteer power
(DBN)

Municipalities Drop S&P Investment Ratings After Downgrade
(DBN)

Some US states' woes to stretch to next year-economist
(DBN)

The Fitch-uation: New Jersey Downgraded
(DBN)

Jefferson County Deal to Avert Bankruptcy Hinges on Hostile Legislature - Bloomberg
(DBN)

______________

Lehman:

Lehman shelves asset management plan
(DBN)

US court approves Lehman CLO deal
(DBN)

Bankruptcy Court approves procedures for determining allowed amounts of structured securities claims
(DBN)

Royal Bank Takes Bankruptcy Fight With Lehman Brokerage to District Court
(DBN)

New York Hedge Fund Centerbridge Balks At Lehman's Liquidation Plan
(DBN)

Court picks WCAS to manage Lehman loan portfolio
(DBN)

______________

Celebs:

Brunell's lawyers hope to resolve bankruptcy case in 30 to 45 days
(DBN)

Judge OKs plan for Landry's to operate Eva Longoria's Beso restaurant
(DBN)

Gerard Depardieu Kicked Off Plane for . . .
(DBN)

______________

Media:

A life unravelled … whistleblower who incurred wrath of the Murdoch empire
(DBN)

Hacking: Murdoch Admits Hush Money Payout
(DBN)

Computer Hacking May Be News Corp.’s ‘Next Scandal,’ U.K. Lawmaker Says
(DBN)

Read the Embarrassing Hacking Allegations That News Corp. Redacted
(DBN)

Harbottle Submits Parliamentary Evidence, Defends Role in News Corp, Scandal
(DBN)

_____________

Paper:

NewPage may seek protection under Chapter 11
(DBN)

______________

Social Media:

Start-ups fail all the time. But there is a right way and a wrong way to do it. This is an example of the wrong way.
(DBN)

______________

Marine:

As Trico Marine Liquidates, Execs and Directors Step Down
(DBN)

______________

Rating Agencies:

Standard & Poor's mortgage ratings investigated by US
(DBN)

Los Angeles City Officials Quit S&P Rating Service After Bond Downgrade
(DBN)

______________

Tax:

Tax Policy Change Would Bring Cash Piles Abroad Back Home
(DBN)

______________

Music:

Labels’ latest sad song: Big job cuts
(DBN)

______________

Aviation:

Air Berlin CEO Hunold Quits After Cutting Routes to Stem Mounting Losses
(DBN)

______________

Opera:

Troubled NY City Opera Bumps Prices 400%
(DBN)

______________

M&A:

The Dreaded Deal Acronym: History of the MAC
(DBN)

______________

Hotels:

Cerberus Puts Off Closing Innkeepers Deal
(DBN)

Hotel industry recovers as travelers fill rooms
(DBN)

_____________

Sovereigns:

The Cost of Credit Swaps When a Nation Defaults
(DBN)

______________

UK:

Restructuring and Insolvency Handbook
(DBN)

Key fraudster behind wines and spirits ' Ponzi ' scheme gets five years
(DBN)

A significant proportion of the UK's small firms may be relying on the personal finances of their owners in order to continue trading
(DBN)

UK banks troubled by question of where future growth will come from
(DBN)

Experian reports rich getting poorer
(DBN)

Hard London Riot Punishments Spark Anger
(DBN)

Appointment of Administrators - 17 August 2011
(DBN)

Winding Up Petitions - 17 August 2011
(DBN)

______________

EU:

Euro Economy Still Sliding Towards Disaster
(DBN)

In Crisis, Reminders of Disputes in Euro’s Founding
(DBN)

Veron Says Merkel, Sarkozy Added to Euro Bond Confusion
(DBN)

Sarkozy & Merkel risk a euro fiasco
(DBN)

Sarkozy and Merkel fail to impress at crisis summit
(DBN)

S&P: confident France to maintain AAA, stable outlook
(DBN)

Bank shares fall as Merkel-Sarkozy debt talks disappoint
(DBN)

France Details Euro Fix Proposals
(DBN)

______________

PIIGS:

In Defence of PIGS
(DBN)

Anglo Irish to cut 350 jobs
(DBN)

Eircom's Creditors Claim Company Insolvent
(DBN)

Italian Supreme Court recognizes that judiciary has limited powers to review arrangements with creditors
(DBN)

Greek PM convenes ministers ahead of international debt inspectors visit
(DBN)

______________

Czech Republic:

Sazka Sale Process May Start in 'Few Days,' Administrator Says
(DBN)

______________

China:

China to US: Focus on Economic Recovery
(DBN)

Bad Debt at China Banks Growing
(DBN)

______________

Australia:

James Hardie Profit Plummets 99%
(DBN)

______________

S. Korea:

S. Korean corporate failures hit record low in July ‎
(DBN)

______________

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