August 8, 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:

Where Do Partners Come From?
(DBN)

Dodgers Case Could Mean a Big Payday for Bartlit Beck
(DBN)

Legal Sector Added 4,000 New Jobs in July
(DBN)

Law Professors Ask SEC to Require Disclosure of Campaign Donations
(DBN)

Grate Expectations
(DBN)

New York State Bar Prez Says Law Students Need Better Training
(DBN)

More On Abuse of Adjuncts
(DBN)

The New Way To Pay Back Educational Debt
(DBN)

Law Schools That Make Partners
(DBN)

NALP Backs Off Threat to Sue ABA
(DBN)

Texas Tech Law Dean Defends the JD
(DBN)

Law Firms Overlook Vulnerabilities to Cyberattacks, Panel Says
(DBN)

Summer Associate Offer Rates: An Update
(DBN)

Would Jeffs Have Fared Better With a Lawyer at his Side?
(DBN)

"Google Me"
(DBN)

Let's (Carefully) Chat: Guidelines For Firm Participation In Chat Rooms
(DBN)

Of Legal Auctions and Icebergs
(DBN)

Has Stephen McDaniel Been Framed for the Murder of Lauren Giddings?
(DBN)

Celebrity Litigator Pleads Guilty to Illegal Campaign Contributions
(DBN)

Lawyer accused in murder-for-hire plot
(DBN)

Guy Who's Not a Lawyer Claims Gender and Age Bias Kept Him From Getting a Job as a Lawyer
(DBN)

Police: Man Robbed 7-Eleven Using Tree Branch
(DBN)

Man Crashes Through Store Ceiling Trying to Steal Copper
(DBN)

______________

Judges:

ABA President Calls for Return to Civility; Breyer Notes Justices Don’t Raise Voices in Chambers
(DBN)

Panelists: Judges Should Watch Who They ‘Friend’ on Social Media and What Friends Post About Them
(DBN)

For Justice Breyer, the Need for Civic Education Is as Clear as Blue and Red
(DBN)

Scalia Has Had an Impact, But Is It Lasting? Supreme Court Experts Disagree
(DBN)

Ex-Judge Loses Law License for 2 Years for Behavior re Multiple Female Lawyers While on Bench
(DBN)

______________

Wall Street:

Stock index futures tumble on S&P downgrade
(DBN)

Dow Posts Biggest Weekly Drop Since 2009
(DBN)

How Will US Markets React on Monday to S&P's US Debt Downgrade?
(DBN)

Tel Aviv stocks fall 7% after USA debt downgrade
(DBN)

Most Gulf Stocks Tumble
(DBN)

Asian stocks plunge on first day of trading after U.S. downgrade
(DBN)

Greenspan: More Market Turmoil to Come
(DBN)

Memories of the stock market crash leave investors on edge
(DBN)

______________

Layoffs:

Just 58% of work-age Americans have jobs, lowest since July 1983
(DBN)

Labor Force Participation Hits New Low
(DBN)

9 States That Are Slashing Unemployment Benefits
(DBN)

Man Who Jumped White House Fence: A cry for help because he can't find a job
(DBN)

Beneath Jobs Report Surface Lie Some Ugly Truths
(DBN)

Carney: "The White House Doesn't Create Jobs"
(DBN)

Fannie Mae economist says unemployment cutting growth
(DBN)

Stop the bias against the jobless
(DBN)

Monster Employment Index: Sideways Job Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mass Torts:

Asbestos tort and trust systems should be cooperating
(DBN)

______________

Mail:

U.S. Postal Service Posts $3.1 Billion Loss for Third Quarter
(DBN)

Postal Service warns it could default
(DBN)

______________

Tax:

Jackson Hewitt Creditor Group Now Backs Restructuring Plan
(DBN)

______________

Autos:

Hand-to-mouth Saab avoids fresh bankruptcy threat
(DBN)

Saab dodges bankruptcy bullet again, pays workers
(DBN)

GM Canada Retirees Face Benefit Cuts
(DBN)

______________

Warranties:

U.S. Fidelis paying $25M to Maryland
(DBN)

______________

Health Care:

New revelations in hospital sale: State Planning Board approves deal, operators declare bankruptcy
(DBN)

Peninsula Hospital Closure Met With Resistance
(DBN)

MedCorp lacks assets, owes $36.5 million
(DBN)

______________

Hotels:

Paulson control over hotels affirmed
(DBN)

______________

Rating Agencies:

Rating Itself: S&P Defends Lehman's "A"
(DBN)

______________

Oil/Gas:

Blueknight's second quarter losses put it in the red
(DBN)

______________

Sports:

The Collapse of the Sports Ticket Bubble
(DBN)

______________

Consumer Credit:

Consumer Credits Jumps the Most in 4 Years
(DBN)

______________

Religion:

Crystal Cathedral -- 'give it your best shot'
(DBN)

Cardinal is ordered to court in abuse trial
(DBN)

As it pays for the past, diocese tries to move on
(DBN)

______________

Economy:

Geithner to stay on as US Treasury chief
(DBN)

Republicans Want Geithner to Walk The Plank After Credit Downgrade
(DBN)

S&P downgrades U.S. credit rating
(DBN)

Britain, other eurozone countries face ratings cut
(DBN)

Japan in ratings cross-hairs
(DBN)

S&P: 1 in 3 chance USA will fall another notch
(DBN)

The credibility and integrity of S&P’s ratings action
(DBN)

Microsoft has Better Credit than the USA
(DBN)

'Basic math' dispute began with S&P mail
(DBN)

Why the S&P downgrade was delayed
(DBN)

The Unbelievable Story Behind S&P's Downgrade Of The US
(DBN)

S&P Official Defends Downgrade Decision
(DBN)

Economists, Market Watchers Increasingly Concerned About Recession, Shrug Off Downgrade
(DBN)

President Obama's downgrade blues
(DBN)

Dollar Weakens After S&P Cuts U.S.'s Credit Rating From AAA
(DBN)

Why S. & P. Got the US Government Downgrade Right
(DBN)

Washington attacks S&P's competence
(DBN)

S&P Fires Back At Washington
(DBN)

Finger-Pointing in Washington Follows Debt Downgrade
(DBN)

Blame Game Vitriol Demonstrates S&P Disgust
(DBN)

Partisan Divide Remains Amid S&P Downgrade
(DBN)

To Be Fair, Obama’s Responsibility for the Downgrade Is only 15 Percent
(DBN)

Obama, Tea Party, get hammered over downgrade
(DBN)

Timing of S&P US downgrade couldn't be better
(DBN)

Did Pimco Play a Role In S&P's Downgrade
(DBN)

No Shortage of Opinion on US Credit Rating
(DBN)

Credit Downgrade Means 'Pretty Darn Fu**ed,' Former Obama Adviser Says
(DBN)

Don't Panic: The US Credit Downgrade Changes Nothing
(DBN)

Greenspan: US "Can Pay Any Debt It Has Because We Can Always Print Money"
(DBN)

World leaders race against fresh market turmoil
(DBN)

Food stamp use rises to record 45.8 million, 1 in 7
(DBN)

VA Beach ponders 'tent city' for homeless
(DBN)

China: US downgrade 'sounds alarm bell'
(DBN)

China: Dollar to Be 'Discarded' by World
(DBN)

The Downgrade: What It Really Means To China
(DBN)

Biggest Foreign Buyers to Stick With Treasuries After Downgrade
(DBN)

End of American Empire: Not Really
(DBN)

Krugman: S&P and the USA
(DBN - NY Times - Paywall Limit Possible)

Bleak Prospects
(DBN - NY Times - Paywall Limit Possible)

S&P Downgrader Never Studied Economics, Has A Master's In English Lit
(DBN)

Five False Premises about Economic Recovery
(DBN)

11 Timely Insights From George Soros On The Economy
(DBN)

Buffett Says Cutting U.S. Rating Was Mistake, Sees No Recession
(DBN)

Voters' Calls for US Spending Cuts Collide With Demands for Job Growth
(DBN)

US National Debt? Try $211 Trillion
(DBN)

Companies Tailor Strategies to Uncertainty
(DBN)

Three Things the Fed Could Do Right Now
(DBN)

Wind Turbine Maker Who Obama Praised Files for Bankruptcy
(DBN)

Double Dip Recession Odds Still High
(DBN)

Second Recession in U.S . Could Be Worse Than First
(DBN)

The Latest on Our Sputtering Economy, by the Numbers
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Fannie seeks $5.1 billion more from taxpayers
(DBN)

Fannie, Freddie pressured to rent more foreclosures
(DBN)

America's 10 Sickest Housing Markets
(DBN)

Construction Employment Update
(DBN)

Senators Request Info On Servicers' Bankruptcy Practices
(DBN)

Mass. Homeowners in Foreclosure Can Challenge After the Fact, State Supreme Court Says
(DBN)

Bank of America’s ReconTrust Sued by Washington State Over Foreclosures
(DBN)

A.I.G . to Sue Bank of America Over Mortgage Bonds
(DBN)

Fla. AG, mortgage firm's relationship called into question
(DBN)

Don’t Look for Low Rates to Help Housing
(DBN)

Home Builders to Buyers: Sell First, Then We’ll Talk
(DBN)

Bank of America Sees Claims Rising From Fannie Mae for Mortgage Buybacks
(DBN)

Mortgage stocks decline for second day
(DBN)

Late payments push U.S. CMBS delinquencies to a record high
(DBN)

Get Ready for Higher Property Taxes
(DBN)

Myth of Middle Class Mortgage Deduction
(DBN)

_____________

Politics:

Poll: Congress Hits Record Low After Debt Deal
(DBN)

Democrats vs. Republicans By Cats
(DBN)

______________

Food/Beverages:

Big Apple Restaurants files Chapter 11 bankruptcy
(DBN)

Ousted Owner Cooks Up Plot to Buy Giordano's
(DBN)

______________

Experts:

Insolvency expert’s ‘hyberbole’ comes back to haunt in Daubert hearing
(DBN)

______________

Corporate Governance:

Should Former Directors of Failed Firms be Stigmatized?
(DBN)

______________

Non-Profits:

Endowments, Foundations Gained 20% in Year Ended June, Best Since 1997
(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:

Rochelle on Lehman and Extended Stay Bankruptcies
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Bankruptcy judge says code protects insurers' contribution claims
(DBN)

______________

Municipalities:

Town on the brink seeks private loans from residents
(DBN)

Judge signs off on Vallejo's exit from bankruptcy
(DBN)

Election delays Vallejo's hunt for new city manager
(DBN)

U.S. municipal debt may prove resilient despite S&P
(DBN)

Central Falls bankruptcy means a grim present for the 'city with a bright future'
(DBN)

Central Falls bankruptcy shines national spotlight on R.I.’s fiscal woes
(DBN)

Central Falls receiver is a high-powered lawyer who relishes a challenge
(DBN)

Altering pensions puts Central Falls in uncharted territory
(DBN)

All Central Falls, All The Time
(DBN)

Wall Street's Tax on Main Street
(DBN)

Bankrupt Rhode Island city may default: S&P
(DBN)

Central Falls, RI: An SB5 Mini-Lesson
(DBN)

JeffCo Commission to make counteroffer to creditors
(DBN)

Ex-Alabama County, City Official Langford Loses Appeal in Bribery Case
(DBN)

District attorney should ask if Jefferson County commissioners broke law in closed-door meeting on sewer settlement
(DBN)

Harrisburg Incinerator Draws Buyer Interest as Debt Sinks City
(DBN)

______________

Obits:

Hugh Carey, NY gov. during '70s fiscal woes, dies
(DBN)

______________

Lehman:

U.S. District Court Must Decide Lehman Claims, JPMorgan Says
(DBN)

Appeals Court Blocks SunCal From Demoting Lehman Debt
(DBN)

State Street has agreement over some Lehman claims
(DBN)

Lehman's $200 Million Suit Against Bethany 'Ready for Trial'
(DBN)

Citigroup Owes Lehman Brokerage $1 Billion for ‘Setoff,’ Trustee Says
(DBN)

______________

Banking:

BofA Slides as Lender Braces for New Wave of Mortgage Refunds
(DBN)

WaMu Bank’s Failure Won’t Result in Criminal Charges, U.S. Says
(DBN)

Wells Fargo strikes deal with Wachovia bond investors
(DBN)

Did Bank of America Risk Customer Data Through Overseas Outsourcing?
(DBN)

Feds Close Two Banks In Washington and Illinois – Depositor’s Concerns Grow
(DBN)

______________

Fraud:

Trustee Asks Judge to Dismiss Hecker's Bankruptcy Appeal
(DBN)

Judge imposes 20 years in Kimura Ponzi scheme
(DBN)

NY Attorney Who Ran Ponzi Scheme Targeting Tinseltown A-Listers Is Disbarred
(DBN)

How Fraud and Bad Economic Thinking Got Us in This Mess
(DBN)

______________

Baseball:

Los Angeles Dodgers, Major League Baseball Reach Terms on Bankruptcy Loan
(DBN)

Loan agreement could protect Dodgers
(DBN)

Frank McCourt has worn out his welcome
(DBN)

Terms of Loan From Baseball Ease Dodgers' Fear of Seizure
(DBN)

Fox Sports Not Part of Proposed Dodgers-MLB Loan Deal
(DBN)

McCourt divorce: Court dates set to decide spousal support
(DBN)

Will Frank McCourt Be Able To Keep The Dodgers?
(DBN)

McCourt and the mayor
(DBN)

______________

Celebs:

The Broke and the Beautiful: Reality TV Edition
(DBN)

______________

UK:

New laws fail to deter "bankruptcy tourism" to the UK
(DBN)

Winding Up Petitions - 5 August 2011
(DBN)

______________

EU:

ECB to Intervene 'Significantly' on Markets
(DBN)

ECB to buy Italian, Spanish bonds to stop contagion
(DBN)

The Hedge Funds Profiting Off Big Europe Shorts
(DBN)

With Prospect of U.S. Slowdown, Europe Fears a Worsening Debt Crisis
(DBN - NY Times - Paywall Limit Possible)

______________

PIIGS:

Italy agrees to liberalize economy
(DBN)

European bankers try to defuse Italian debt crisis
(DBN)

Italy's Hard Road to Avoid Financial Collapse
(DBN)

Ie: Law change to see 400 people freed from shackles of bankruptcy
(DBN)

______________

MENA:

270,000 Israelis Flood Streets in Largest Social Protest in Country's History
(DBN)

Linklaters - Bankruptcy and corporate rescue in the UAE: overview and observations
(DBN)

______________

Australia:

Bankruptcy rumors circle Team Bondi
(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