December 7, 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:

ABA Inches Closer to Vote on Nonlawyers Owning Stake in Firms
(DBN)

Arnold & Porter Ties up With Howard Rice
(DBN)

Bryan Cave Joins with Holme Roberts
(DBN)

Dykema hires two attorneys for financial services practice in DC
(DBN)

Who Are Hollywood's Top Legal Dealmakers? --- United artistes
(DBN)

2011 In-House Salaries Are On The Upswing
(DBN)

The End of Traditional Billing
(DBN)

Bonus Watch: Shearman & Sterling Matches
(DBN)

Crain’s 2011 ‘Best Places to Work in NYC’ List Includes Seven Law Firms
(DBN)

Portrait of a Doc Review Gunner
(DBN)

Lawyer who made anti-Catholic rants gets ultimatum from bankruptcy judge
(DBN)

Sprung from prison, tort-bar king back raising money for Dems
(DBN)

Estimated 7,000 guests turn out for Lanier Law Firm’s annual holiday party, featuring entertainment by Rascal Flatts
(DBN)

Lawyers & Economics: The Greek Debt Crisis
(DBN)

When Bad Clients Jump Out of a Box
(DBN)

D.C. Attorney Charged in Fraud Scheme
(DBN)

Why Newt Is the Role Model Du Jour
(DBN)

Law Firm Says Judge Jailed Defense Attorney for Telling Client to Take the Fifth at His Arraignment
(DBN)

ABA to ask law schools for more extensive job-placement data --- Some progress on transparency
(DBN)

How Technology is Making Corporate Lawyers More Powerful
(DBN)

Judge Rakoff, Citigroup, and the Upside of Saying 'Sorry'
(DBN)

BP, Bayer, Deutsche Bank, JPMorgan, HSBC in Court News
(DBN)

BofA, Alpha, Sharp, AMR, Morgan Stanley, AT&T, BP in Court News
(DBN)

Gift Ideas: Perry Mason’s Lady Justice
(DBN)

Trial Lawyer, 57, Is ‘Apocalypto,’ a Pro Wrestler in New Lucha Libre League
(DBN)

Lawyer Pleads Guilty to Stealing $145K from His Atlanta Law Firm
(DBN)

Woman Sues, Says Dealer Didn’t Disclose Her Smelly Used Car Once Held a Corpse
(DBN)

County Displays Crucified Santa on Courthouse Lawn
(DBN)

Bank robbery suspect arrested after fleeing on city bus
(DBN)

Lawyer Hailed as Hero for Saving Boy Is Accused of Stealing Client Money
(DBN)

Lawyer Blames Blago for Ethics Complaint Alleging She Showed Off Her Implants
(DBN)

Seatbelt charges against Pope Benedict XVI dropped
(DBN)

______________

Judges:

Senate GOP Shoots Down Halligan Nomination --- Outrage machine grinds away --- Senate Republicans spend a day protecting the courts just to trash them --- System Continues to Fall Victim to Republican Obstruction
(DBN)

Lawmakers Mull Possible Mandate That US Supreme Court Televise Arguments --- Senate Judiciary to Hold Hearings on Cameras in Court
(DBN)

Benchslap of the Day
(DBN)

I Don’t Think ‘Redaction’ Means What You Think It Means
(DBN)

Judge Jed Rakoff -- A Light Unto His Fellow Jurists
(DBN)

______________

Wall Street:

US stock index futures signal gains for equities
(DBN)

M&A Market Barely Above Water for 2011
(DBN)

______________

Layoffs:

Drop in US Jobless Rate Is Early Sign of Demographic Shift
(DBN)

More Americans Move Abroad In Search of Job Opportunities
(DBN)

Ongoing Developments in the Unemployment Conundrum
(DBN)

Six More Reasons Why Jobs Market Is Still Bad
(DBN)

Trapped by $50,000 Degree in Low-Paying Job Is Increasing Lament
(DBN)

US Job Growth Engine Badly Broken
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Protests:

Bank Of America Employees Told To Be On High Alert For Occupy Our Homes Movement
(DBN)

Occupy Our Homes : The Next Stage of the Occupy Movement
(DBN)

Runaway Teens Found Living At Occupy Encampment
(DBN)

Hundreds Occupy East New York For OWS Foreclosure Tour
(DBN)

Protesters in Washington to 'Take Back the Capitol'
(DBN)

Occupy affiliates join foreclosure protests
(DBN)

Police clear out Occupy New Orleans camp
(DBN)

The one indisputable triumph of Occupy Wall Street
(DBN)

______________

Municipalities:

Cash-Strapped Detroit Ending Free Police Escorts For Funerals
(DBN)

Black-led Detroit Resists White Control Under Emergency Manager
(DBN)

Gov. Jerry Brown implores California voters: Please raise taxes!
(DBN)

Municipal-Bond Defaults May Beat Record in 2011, Lehmann Says
(DBN)

Cuyahoga County facing $1.1 billion predicted reduction in property values
(DBN)

Michigan Lets Prisoners Go to Save Money
(DBN)

______________

MF Global:

MF Global fallout delays farm seed, land deals
(DBN)

Key Dates You Need To Know To Follow MF Global for the Next 2 Weeks
(DBN)

5 Things That Should Never Happen At A Brokerage Firm
(DBN)

CFTC chief slammed for ties to Corzine --- Corzine's troubles build --- Corzine due to appear at Dec. 8 hearing --- Pleading the Fifth smart but risky
(DBN)

Gensler's grilling --- Bad watchdog!
(DBN)

MF Global bankruptcy hits Austin
(DBN)

MF Global: Costly For The Whole Industry
(DBN)

Kiss the MF Global Money Goodbye, Sources Say
(DBN)

______________

Politics:

New Elizabeth Warren ad emphasizes 'gutsy' outsider credentials
(DBN)

Brown opposed to filibuster of consumer protection nominee
(DBN)

Will Foreigners Decide The 2012 Election? The Extreme Unintended Consequences Of Citizens United.
(DBN)

The end of Obama's Hollywood romance
(DBN)

Heartbreak Awaits Republicans Who Love Newt --- When Newt Gingrich Is Elected, This Is What He'll Do
(DBN)
(DBN)

Romney staff spent nearly $100,000 to hide records
(DBN)

Michele Bachmann Targeted in Petters-Related Clawback Suit
(DBN)

Michele Bachmann Gets Stumped By An 8-Year-Old
(DBN)

President Obama channels Elizabeth Warren in Kansas speech
(DBN)

______________

Health Care:

Clare Oaks, Retirement Community, Files for Bankruptcy
(DBN)

Peninsula Hospital in danger of not making payroll
(DBN)

Nevada Cancer Institute bankruptcy put on fast track
(DBN)

______________

Gas Stations:

Details Emerge On Getty Petroleum Marketing Bankruptcy
(DBN)

______________

Credit Reporting:

Credit Bureaus Refuse to Fix Faulty Data
(DBN)

______________

Economy:

Treasurys fall fourth day in five
(DBN)

U.S. Job Creation Flat in November
(DBN)

Obama sees 'make or break' time for middle class
(DBN)

Obama Just Made The Most Important Economic Speech Of His Presidency
(DBN)

Food Stamp Use on the Rise
(DBN)

Bernanke Defends 'Secret' Bank Bailout --- Calls articles on Fed loans flawed --- Says Bloomberg Report Full Of 'Egregious Errors'
(DBN)

Grantham: US Falling Behind in 3 Big Ways
(DBN)

Woman denied food stamps kills self, shoots children
(DBN)

Recession and Its Aftermath Create More Mr. Moms
(DBN)

Fighting terrorism - one snow cone at a time
(DBN)

Social Security Is Running Out Of Money At Least 5 Years Ahead Of Schedule
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

BofA to Settle Mortgage Securities Action for $315 Million
(DBN)

California, Nevada AGs join forces to fight mortgage fraud
(DBN)

U.S. regulators may rework mortgage plan, sources say
(DBN)

Toll Brothers Reports Rise In Luxury Home Sales --- 4Q profit drops about 70%
(DBN)

Why Home Prices Are (and Aren’t)Stabilizing --- CoreLogic predicts flat home prices through 2013 -- Prices Just Keep on Falling
(DBN)

Mortgage applications jumped last week : MBA
(DBN)

Keith Jurow: Goldman Is All Wrong, There Is No Housing Bottom In Sight
(DBN)

Regulators still buried by risk-retention comments
(DBN)

Occupy group plans to move people into foreclosed homes --- Movement Taunts Law in Home Takeovers --- Occupy disrupts foreclosure auction --- Oakland --- Brooklyn --- Detroit -- Los Angeles--- SF
(DBN)

Bankruptcy Now Approved, Lehman Can Chase Archstone
(DBN)

Delinquencies on commercial, multifamily mortgages decline
(DBN)

Mastro auction provides peek at a rich disaster
(DBN)

_____________

Lehman:

Lehman Seeks Holiest (Bankruptcy)Sacrament: Confirmation
(DBN)

Court approves Lehman plan to exit bankruptcy
(DBN)

Lehman's Very Expensive Bankruptcy Battle Is Finally Over
(DBN)

Lehman investors, underwriters in $417 mln accord
(DBN)

Lehman not pleased with Archstone bid, unlike S&P
(DBN)

______________

Corporate Reform:

We can do better than this, can't we Mr. Khuzami?
(DBN)

The Department Of Justice Has Basically Given Up On Bringing Criminal Charges For The Financial Crises --- An Ex-FBI Official Explains --- Why no one's investigating Wall Street
(DBN)

Sen. Bill Nelson Questions Tax Benefit in Dodd-Frank
(DBN)

White Houses Pitches Debt Collection Regulation to Push CFPB Vote --- Takes confirmation fight to the public
(DBN)

Days before vote, Senate spars over CFPB director
(DBN)

Obama Trades a Likely Consumer Bureau Loss for a Political Win
(DBN)

______________

Aviation:

3 top American Airlines executives leaving after AMR seeks bankruptcy protection --- Airline's parent taps restructuring executive
(DBN)

American's treasurer to oversee parent's restructuring
(DBN)

High-risk trading takes AMR's stock for wild ride
(DBN)

American Airlines' statement on creditors' committee
(DBN)

AMR should rethink hub system, analysts contend
(DBN)

AMR's Bankruptcy May Harm Airline Stocks
(DBN)

Southwest Fights 'Cost Enemy' as AMR Bankruptcy Raises Pressure
(DBN)

Will Air Canada Be Next?
(DBN)

Reports: Malev bankruptcy nearing --- Hungarian ministry scathing over failures to manage
(DBN)

Women kicked off airplane at claim unruly flight attendant was to blame - Passengers claim attendant was 'a bully'
(DBN)

Three Elderly Women Claim Strip-Search By TSA
(DBN)

Alec Baldwin thrown off AA flight at LAX for 'playing game' on phone
(DBN)

The TSA continues to find new ways to make itself look ridiculous
(DBN)

______________

Banking:

Bank of America CEO says layoffs underway
(DBN)

Bank of America Won’t Predict Outcome of ‘Stress Tests’
(DBN)

Citi cuts 4,500 jobs, will take $400 million charge
(DBN)

Banks seek to avoid Volcker rule " fire sale "
(DBN)

New York Executives Go to Trial on Charges of Defrauding Amalgamated Bank
(DBN)

______________

Food/Beverage:

Olive Garden Weighs on Darden
(DBN)

Bill’s Gay Nineties Saddened By Bankruptcy
(DBN)

USA Springs loan deal remains elusive
(DBN)

______________

Photography:

Kodak focusing on avoiding bankruptcy
(DBN)

______________

Utilities:

Section 366(c)(2): Electric Boogaloo S.D.N.Y. Court Affirms Order Approving Debtors’ Contested Adequate Assurance to Utility Providers
(DBN)

Southern Montana bankruptcy briefed to Great Falls residents
(DBN)

______________

Hollywood:

Morgan Creek Co-Chairman Rick Nicita Considers Exit as Deal Winds Down
(DBN)

______________

Baseball:

Major League Baseball Seeks to Stop Fox From Questioning Selig on Dodgers
(DBN)

Dodgers subpoena News Corp. President Chase Carey
(DBN)

Dodgers file MLB settlement with bankruptcy court -- Seek go-ahead on sale
(DBN)

______________

Non-Profits:

Hyman Jewish Center files for bankruptcy
(DBN)

______________

Telecoms:

Nokia China Denies Bankruptcy Rumor
(DBN)

______________

Sporting Goods:

Power Balance name may come off Sacramento Arena
(DBN)

______________

Bankruptcy Crimes:

No new trial in case of forged judge's order
(DBN)

______________

Enron:

Second Circuit Denies Enron’s Petition for Rehearing on Commercial Paper Settlement Payment Decision
(DBN)

______________

Education:

New Harvard Study Tears Apart Conventional Wisdom On Good Schools
(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)

______________

Miscellaneous:

2011 Year in Review: Chekhov’s Gun
(DBN)

Doral, TMP, MF Global, AMR, Getty, Enron
(DBN)

Rochelle on Syms-Filene's, Beacon, Selling a Law Firm
(DBN)

______________

Bankruptcy Statistics:

November Consumer Bankruptcy Filings Drop 12 Percent from Last Year
(DBN)

NH: Bankruptcy filings reach 3-year low
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Eligibility:

Judge Declares Suffolk OTB Ineligible for Bankruptcy
(DBN)

______________

Litigation:

Woe Unto the Bankrupt Plaintiff Who Doesn't Schedule the Lawsuit
(DBN)

______________

Fraud:

Raj Rajaratnam's New Neighbors In Prison Are A Bunch Of High-Level Sex Offenders
(DBN)

Olympus management 'rotten at the core'
(DBN)

Executives Organized Olympus Cover-Up, Panel Finds -- Olympus Probe Figure Sells Boca Home to Ex-Wife for $10, Heads to Caymans --- Board signals it will quit
(DBN)

Wall Street’s Repeat Violations, Despite Promises
(DBN - NY Times - Paywall Limit Possible)

SEC is urged to sue over Stanford victims' claims
(DBN)

SEC warns on congressional insider trading ban
(DBN)

Obama wants harsher penalties for securities fraud
(DBN)

Why No Financial Crisis Prosecutions? Ex-Justice Official Says It’s Just too Hard
(DBN)

______________

Derivatives:

Taxing Derivatives Gets Capitol Hill Airing
(DBN)

______________

Trustees:

'Investigative blogger' doesn't get journalist's protection, Portland judge rules - Defamed bankruptcy trustee
(DBN)

______________

Hotels:

Hotel Lenders Shun Foreclosures as $17.5 Billion in U.S. Loans Come Due
(DBN)

______________

Autos:

GM to Block Sale of Saab
(DBN)

Saab says its salvage process is in jeopardy
(DBN)

Ford Denies Searching for a New CEO
(DBN)

______________

Advertising:

TMP Directional, Former Monster Worldwide Unit, Files for Bankruptcy
(DBN)

______________

Retailing:

Consumers Aren't Buying Anymore Unless They See Huge Sales
(DBN)

______________

Celebs:

Martino fights back in his bankruptcy --- Asks judge to settle case soon
(DBN)

Brunell emerges from bankruptcy
(DBN)

______________

Mass Torts:

Plaintiff can't link harmful asbestos exposure to defendant, court rules
(DBN)

______________

UK:

Woman murdered fiance for lying about his bankruptcy, 'massive debts'
(DBN)

______________

EU:

Geithner Backs Merkel-Sarkozy Crisis Plan With 'Stronger Firewall' on Debt
(DBN)

Geithner doesn't see Fed funding IMF euro response
(DBN)

Europe wrangles worsening debt crisis
(DBN)

Governments lag firms in planning for euro split
(DBN)

Banks hoover up dollars from ECB as stress persists
(DBN)

EU talks on boosting financial firewall
(DBN)

Bank of Canada: Europe Deteriorating
(DBN)

S&P threatens euro zone, EU chief urges bigger fund --- EU Leaders Angry ---Five problems with plan --- S&P Tells It Like It Is
(DBN)

Why Merkel and Sarkozy are kidding themselves --- Merkozy decrees: no more losses
(DBN)

Merkel’s Path: Brinkmanship for Debt Crisis
(DBN)

New European Bank Chief Takes a Bold Approach
(DBN)

Nomura: The Euro Is Going To See A Massive Drop In Value In The Next Four Months
(DBN)

The euro zone’s terrible mistake
(DBN)

Arrogance of Elites Could Kill the Euro Union
(DBN)

How the ECB could be forced to print money
(DBN)

Taking Note of the Elephant
(DBN)

Franco-German fiscal plan "promising": S&P
(DBN)

Europe Shudders at Germany's New-Found Power
(DBN)

Democracy is on the retreat in Europe
(DBN)

______________

PIIGS:

Euro Crisis Uncertainty: Anxious Greeks Emptying Their Bank Accounts
(DBN)

Belt-tightening Greeks Turn to Starvation Cookbook‎
(DBN)

Greek State Revenue Plunged In November
(DBN)

The Dark And Beautiful Graffiti Of Athens' Disaffected Youth
(DBN)

Creditors Claim Deal was a 'Bleed Out'
(DBN)

Irish Cuts Economic Growth Forecast as Debt Crisis Escalates --- Unveils New Taxes to Trim Deficit

(DBN)

______________

Germany:

Another Surprisingly Good German Economic Number
(DBN)

______________

Australia:

Nick D'Arcy bankruptcy muddies waters for Olympics tilt --- Cost 'cop-out' --- Accusations fly --- Swimmer risks 2012 Olympics over bankruptcy
(DBN)

Bankruptcy could save D'Arcy from compensating victim
(DBN)

______________

MENA:

Muslim Bros win first round of Egypt elections
(DBN)

Rise of the Islamists
(DBN)

______________

Kazakhstan:

Kazakh regulator expects BTA rescue plans by year-end
(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