August 2, 2011

The Daily Bankruptcy News

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Law:

Federal Jury Says Law Firm Must Pay $1.26M for Trying to Collect Debt That Wasn’t Owed
(DBN)

Small Firms: Marketing Like a Law Firm Would
(DBN)

Boies will be Boies
(DBN)

S&C, Pepper Hamilton Advise on $1 Billion HSBC Branch Sale
(DBN)

Fortune Details How Star General Counsel Jeff Kindler Met His Downfall as Pfizer CEO
(DBN)

Life in the Glass Pricing House
(DBN)

Pinsents faces £10m negligence claim from former client
(DBN)

HBSC Cutting 30,000 Jobs: Financial services no longer cash cow for legal sector
(DBN)

Ex-Partner at Crashed-and-Burned BigLaw Firm Threatens Fillibuster, Writes on Budget Bloat
(DBN)

Lawyers Are Out of Jobs Thanks to an Epic City Government Fail
(DBN)

Partner Fired, Police Called in After More Than $1 Million in Client Cash Stolen
(DBN)

Railroad Claims Asbestos Law Firm Engaged in Racketeering
(DBN)

The legal profession's dirty secret... it's still a profession
(DBN)

Dickie Scruggs, Huey Long, and the Politics of Crime in Mississippi
(DBN)

Suits Seek a Right to Carry Guns in Public, Setting Up a New Supreme Court Showdown
(DBN)

The British Are Coming! The British Are Coming! (And They're Bringing Lawyers!)
(DBN)

ABA Will Collect More Detailed Information From Law Schools
(DBN)

NALP clashes with ABA over jobs data — and hints at taking legal action
(DBN)

Law Students Juggle Legal Internships with Liquor Sales, Dog Training
(DBN)

Law Grad's Third Suit Against Firm, Lawyers a No-Go
(DBN)

Let 'em eat tweets - Lawyers beware social media
(DBN)

Young Lawyers Look Outside Legal Profession to Meet Their Needs
(DBN)

Law Firm Marketing: Managing Partner's Byline on WALL STREET JOURNAL Op-ed
(DBN)

Twisted ethics of an expert witness
(DBN)

Did Casey Anthony Serve 1-Year Probation in Fraud Case While Jailed Awaiting Child-Murder Trial?
(DBN)

"The complaint barely articulates an intelligible sentence and certainly fails to assert a colorable claim for relief"
(DBN)

Hilton guest makes federal case of 75-cent paper
(DBN)

Lawsuit of the Day: Good Samaritans Sue Woman They Rescued
(DBN)

A Killer Custody Arrangement, and Mom Isn’t Happy About It
(DBN)

______________

Judges:

Judge Accused of Bribing Political Opponent to Run Against Someone Else
(DBN)

The real costs of shortchanged courts
(DBN)

Wisconsin District Attorney Wants Prosecutor to Review Alleged High-Court Judge On Judge Incident
(DBN)

Hearing Held on Sanctions Imposed By Judge John McBryde
(DBN)

NY censures judge for sentencing colleague's son
(DBN)

Warren Jeffs Channels Message to Trial Judge in Latest Recusal Motion: God Says Step Down
(DBN)

Pa. High Court Justice Touts Videoconferencing
(DBN)

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Wall Street:

U.S. Stock Futures Retreat on Concern Economic Recovery May Be Faltering
(DBN)

How the major stock indexes fared Monday
(DBN)

Dow Jumps, Then Plunges
(DBN)

Insiders selling at unusually fast pace
(DBN)

Blankfein's Goldman Sachs legacy grows darker
(DBN)

______________

Layoffs:

Corporate Layoffs Increase as Economy Sputters
(DBN)

Confidence in Obama Economy Rises for Frustrated Workers Finding New Jobs
(DBN)

Debt-Ceiling Package Will Do Nothing For Jobs
(DBN)

Fair Employment Act of 2011
(DBN)

JPMorgan Warns Of An Even More Disappointing Employment Index Number This Friday
(DBN)

What the debt ceiling deal means for the unemployed
(DBN)

How to Stay Employed in the Jobless Economy
(DBN)

Help Wanted Ads Bode Ill for Jobs
(DBN - NY Times - Paywall Limit Possible)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Honda's quarterly profit plunges in wake of disaster
(DBN)

Toyota slides to first quarterly loss in two years
(DBN)

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Municipalities:

Cash-strapped RI city to file for bankruptcy
(DBN)

'Dire' Situation Forces Rhode Island City of Central Falls Into Bankruptcy
(DBN)

Central Falls Bankruptcy Driven by Pensions Casts Shadow Over Rhode Island
(DBN)

Mix of confusion and resignation in bankrupt Central Falls
(DBN)

Central Falls Mayor—Don't Blame Me for Bankruptcy
(DBN)

Central Falls, Rhode Island: A Bankrupt Crystal Ball For Future America
(DBN)

Central Falls Becomes Second Muni Casualty of 2011
(DBN)

C. Falls bankruptcy will test new law protecting bondholders
(DBN)

Taxpayer Group—'Wakeup Call to Entire State'
(DBN)

Central Falls bankruptcy 'a wake-up call' to unions
(DBN)

Central Falls files for bankruptcy; contracts voided
(DBN)

Jefferson County Commission to examine creditors' counter plan
(DBN)

Jeffco leaders still waiting on creditors over debt solution
(DBN)

Jefferson County's debt-laden road has seen other travelers
(DBN)

Bell Sues Attorneys for Finance Fiasco
(DBN)

Georgia counties 'running out of options' with budget challenges
(DBN)

Debt Fix Could Mean Problems for States
(DBN)

______________

Food/Beverage:

Giordano's trustee questions franchisee ingredients
(DBN)

Suit against Giordano's franchisees lays bare a kitchen debate
(DBN)

______________

Baseball:

Fox Sports opposes possible Dodgers TV rights sale
(DBN)

Dodgers' slooooow fade
(DBN)

A's Owner Lew Wolff Comes Out In Support Of Bud Selig Against Frank McCourt
(DBN)

Dodgers Bankruptcy Threatens Super Bowl Merchandiser
(DBN)

Anger at McCourt spawns cottage industry for T-shirt vendors
(DBN)

______________

Corporate Reform:

Republicans adopt more nuanced fight against Wall St. reform law
(DBN)

Warren Praises CFPB as Senate Preps for Battle
(DBN)

SEC drafting guidance on swaps for global firms
(DBN)

Doing Good to Do Bad?
(DBN)

Preet Bharara: The enforcer of Wall Street
(DBN)

______________

Resorts:

Sale of Peek'n Peak to occur by Aug. 25
(DBN)

______________

Economy:

U.S. manufacturing drops to lowest level in two years
(DBN)

Manufacturing Woes May be Just Beginning
(DBN)

3 Very Bad Economic Indicators
(DBN)

Focus Turns Back to Fed on Economy
(DBN)

Debt deal 'at best mild relief' for economy
(DBN)

The Economic Drag
(DBN)

‘Embarrassed’ Corporate Leaders Quiet on Fight
(DBN)

President Obama Is No Longer Tethered To Reality
(DBN)

Who Won the Debt Fight? Obama
(DBN)

Uneasy House Passes Debt-Ceiling Deal
(DBN)

Senate takes up debt limit bill, passage likely
(DBN)

Both Parties Find Fault in Bill
(DBN)

CBO confirms that debt-ceiling plan would cut $2.1 trillion
(DBN)

The deal's details
(DBN)

A Visual Representation of the Debt Ceiling Deal :))
(DBN)

Deal Avoids Tackling Hard Issues
(DBN)

Obama, GOP Debt Debate Just Beginning
(DBN)

Dem rep calls pact 'Satan Sandwich'
(DBN)

Could This Deal Raise Budget Deficits?
(DBN)

Celebrate? Debt Deal Shows Broken System
(DBN)

The Debt Deluge, What Everyone Should Be Talking About
(DBN)

GOP senator threatens filibuster of debt deal
(DBN)

Congressional Leaders Pitch Debt-Reduction Compromise to Caucuses
(DBN)

Conyers: People should march on White House
(DBN)

Boehner: 'It's all spending cuts'
(DBN)

When a cut is not a cut
(DBN)

Middle class will 'bear brunt' of cuts
(DBN)

Consumers get scant relief from debt deal
(DBN)

How the debt deal will squeeze the states
(DBN)

Most Students Spared Big Cuts in Debt Bill
(DBN)

Students to feel pinch in debt deal
(DBN)

Romney, Bachmann Oppose Debt Deal
(DBN)

Bachmann: Debt Limit Deal Means ‘We Embrace Being Greece’
(DBN)

Tea Party: We Compromised into a Disaster
(DBN)

Krugman: If I Were In The House
(DBN - NY Times - Paywall Limit Possible)

Krugman And Ron Paul Agree: Debt Deal Sucks
(DBN)

The First Industry To Lose Big In The Debt Ceiling Fight
(DBN)

The Companies That Will Get Crushed When The Government Stops Spending
(DBN)

What Lower Government Spending Will Do To GDP In 2012
(DBN)

Winners and losers: policy edition
(DBN)

Who Gains from Debt Deal? Pentagon
(DBN)

Good News and Bad News in Debt Limit Deal
(DBN)

The cost of the debt-ceiling deal
(DBN)

S&P under pressure over US credit rating
(DBN)

Will the US ever get its triple-A back?
(DBN)

The Anatomy of the U.S. Deficit Deal
(DBN)

Selective Default Only Solution to US Debt
(DBN)

Europe, Asian factory growth stalls
(DBN)

10 Signs Double Dip Recession Has Started
(DBN)

Debt deal or not, weak economy is likely to suffer
(DBN)

The Major Tax Breaks on Hit List
(DBN)

An Albatross Around the Fragile Recovery
(DBN)

Poll: Debt talks 'ridiculous,' 'disgusting' and 'stupid'
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

77% of refinancing homeowners reduce or maintain mortgage amount
(DBN)

JD Power study shows more homeowners unsatisfied with mortgage servicers
(DBN)

The Missing Move-up Buyer
(DBN)

One Woman's James Bond Is Another Woman's Trojan Horse
(DBN)

Fewer Home Vacancies
(DBN)

Two-Thirds of Mortgaged Homes in Phoenix Underwater
(DBN)

Genworth fights back against QRM standard
(DBN)

Bank of America is now paying to tear down foreclosed homes
(DBN)

Chicago Lenders Liable for Vacant Homes Upkeep Regardless of Title
(DBN)

Pol: Banks neglecting NYC homes in foreclosure
(DBN)

Massachusetts: Home Sales Fall 20%
(DBN)

Construction Spending increased in June
(DBN)

Bank-owned Bronx buildings 'Ticking time bombs'
(DBN)

S&P reverses course on subprime RMBS deals
(DBN)

CMBS loan liquidations drop in July: Trepp
(DBN)

_____________

Telecoms:

Nortel's management to be sued?
(DBN)

______________

Banking:

Banker Jobs In Crisis Mode As Bosses Have 2 Choices: Cut Salaries, Or People
(DBN)

HSBC Job Cuts Are No Quick Fix
(DBN)

Scale of HSBC’s brutal revolution emerges
(DBN)

Barclays profit falls on payouts over complaints
(DBN)

Barclays Cuts 3,000 Jobs as Investment Bank Revenue Falls
(DBN)

Bank Stocks: Too Big To Fail, Too Risky To Buy
(DBN)

Bank failures rise to 61
(DBN)

______________

Credit Reporting:

Bill seeks to erase medical debt from credit reports
(DBN)

______________

Health Care:

Where does the U.S. spend more on health care?
(DBN)

Operator of Hoboken's hospital begins bankruptcy proceedings
(DBN)

Crouse Hospital on the rebound
(DBN)

Quincy hospital faces bankruptcy decision on how to pay $81 million it owes creditors
(DBN)

Skilled nursing stocks in sick bay on big Medicare cuts
(DBN)

______________

Politics:

Should Elizabeth Warren Run for President?
(DBN)

"Being a professor specializing in bankruptcy is not a power position, even at Harvard Law School"
(DBN)

Wall Street Continues to Spend Big on Lobbying
(DBN)

Some GOP Members Hit Own Debt Limit
(DBN)

Venetian Casino in Las Vegas Sues Tea Party Group for Skipping Out on $600K Bill
(DBN)

______________

Celebs:

Ray Guy bankruptcy forces Super Bowl ring sale?
(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)

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:

Seaarland, Central Falls, Awal, West End, Jesuits
(DBN)

Lehman, Crystal Cathedral, Dodgers, Spiegel
(DBN)

Walter Bau, Marco Polo Seatrade, Lehman, A-Tec: Europe, Asia
(DBN)

______________

Bankruptcy Poetry:

And the Winners of Rudy's Tickets Are...
(DBN)

______________

Bankruptcy Statistics:

OC June bankruptcies still at historic highs
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Fraud:

Ex-General Re, AIG execs' convictions thrown out
(DBN)

US judges start getting it right on Madoff
(DBN)

Madoff crusader views the dawn before the dark
(DBN)

Investec faces court clash over Madoff losses
(DBN)

Coaches’ Money Manager May Have Taken Blame for Fraud in Note Before Death
(DBN)

Federal, state agencies act against deceased financier's business partners
(DBN)

Fleishman Asks Judge to Bar Use of Insider Trading Wiretaps
(DBN)

Federal prosecutors no longer seeking Rothstein's interest in Versace mansion
(DBN)

______________

Lehman:

Barclays Disputes Lehman Bankruptcy Judge Ruling on $2.8 Billion
(DBN)

Legal Fees Keep Surging in Class-Action Lehman Suit
(DBN - NY Times - Paywall Limit Possible)

______________

Retailing:

Rock & Republic assets auctioned
(DBN)

______________

Zombies:

Lenders keep 'zombies' alive
(DBN)

______________

Tax:

Tax burden in the US and globally
(DBN)

______________

Mass Torts:

CSX claims racketeering in Pittsburgh law firm's legal tactics
(DBN)

Former Silicosis Clients Sue Lawyers, Firms and Insurer
(DBN)

Pfizer to Lend Quigley as Much as $65 Million to Extend Bankruptcy
(DBN)

______________

Rating Agencies:

Rating Agencies Exploit Debt Drama to Regain Trust
(DBN)

______________

Defaults:

S&P forecasts US corp default rate at 1.6% in June 2012
(DBN)

______________

Hedge Funds:

Why George Soros really stepped away
(DBN)

______________

Compensation:

Executives have their 'say on pay'
(DBN)

______________

Sovereigns:

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

Juncker says a U.S. downgrade would hit whole world
(DBN)

______________

Soccer:

Would The European Central Bank Repossess Two Global Soccer Stars?
(DBN)

______________

Gambling:

Hooters Casino Hotel files for bankruptcy
(DBN)

______________

Mining:

Company Looks to Squeeze Fresh Value from Groves
(DBN)

______________

Religion:

Crystal Cathedral Members Say Church Not for Sale, God Will Provide
(DBN)

Crystal Cathedral looks to donations to emerge from bankruptcy
(DBN)

Crystal Cathedral Members Say Church Not for Sale, God Will Provide
(DBN)

______________

UK:

UK set for low growth as the mood 'darkens'
(DBN)

R3 warns against 'zombie businesses'
(DBN)

Pre-packs in the property industry: friend or foe?
(DBN)

UK Pre-Pack Proposals Given the Thumbs Down
(DBN)

Business judgment debt falls
(DBN)

Debt continues to cripple families as rate of inflation far outruns average wage increase
(DBN)

The Ten Most Wanted Fraudsters In Britain
(DBN)

Appointment of Administrators - 29 July 2011
(DBN)

Appointment of Administrators - 1 August 2011
(DBN)

Winding Up Petitions - 1 August 2011
(DBN)

______________

EU:

Eurozone growth indicator shows drop in momentum
(DBN)

Blundering towards a 'You Break it You Own it' Europe
(DBN)

It's Not So Far-Fetched To Be Worried About France
(DBN)

Europe Stocks Drop 10% From Peak in First ‘Correction’ Among Major Regions
(DBN)

______________

PIIGS:

Budweiser More Reliable Than Spain, Lenders Say
(DBN)

Spain Election May Mean More Austerity
(DBN)

Italian, Spanish Bonds Hammered
(DBN)

IE: Insolvencies increase 9% for July
(DBN)

Greeks Are Hiding Cash In Basement Vaults And Rat-Infested Holes Rather Than Leave At Bank
(DBN)

______________

Russia:

Small Russian airlines face mass cull
(DBN)

Putin: US a "Parasite"
(DBN)

______________

Asia:

Asia Seeks to Cut Its Ties to Western Borrowers
(DBN)

Hong Kong Property Transactions Down 37%
(DBN)

Big Questions About China's Urban Legend
(DBN)

Vietnam SMEs at risk of bankruptcy due to economic meltdown
(DBN)

20pct of Vietnamese steel industry face bankruptcy
(DBN)

Vietnam: Bank Restructuring Urgent: Experts
(DBN)

______________

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Copyright 2011