February 10, 2011

The Daily Bankruptcy News

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Law:

NY Firm Goes for Broke, Adds Bankruptcy Trio
(DBN)

SNR Denton Names New Bankruptcy Partner
(DBN)

Harvey Miller Interview on GM, Lehman Bankruptcy
(DBN)

Bonus Watch: MoFo Admits New York Is Still Too Early To Call
(DBN)

Bonuses? Yes. Future? None.
(DBN)

New Solution To Associate Woes: A Harvard Accounting Class
(DBN)

Winter Brings Blizzard of Troubles for National Firm
(DBN)

How Extensive Will the FDIC's Claims Against Failed Banks' Outside Professionals Be?
(DBN)

FDIC Sues Law Firm for $6M, Says Partner Closing Loans for Bank Concealed Critical Info
(DBN)

Firm Wins, Another Loses in Malpractice Melee
(DBN)

Cadwalader Sued Over Advice on Bank's Fee in Six Flags Proxy Fight
(DBN)

MegaFirm's Profits Surge
(DBN)

Reed Smith Profits, Revenue Grow in 2010
(DBN)

Revenue Flat, Profits Down for Covington
(DBN)

Barlows sets sights on global market with new growth plan
(DBN)

BoA Merrill and Credit Agricole unveil coveted legal panels
(DBN)

Partner exits expected as Camerons conducts internal restructuring
(DBN)

BigLaw Strategy Memo Backfires, NY Judge Blocks Plan to Cash In on Billions
(DBN)

Is Law School Losing its Mojo?
(DBN)

Small Firms, Big Lawyers: How I Became a Small-Firm Lawyer
(DBN)

Another iPad App for Trial Presentation
(DBN)

Documents in FOIA Requests Must Be 'Searchable,' Federal Judge Rules
(DBN)

Free Videoconferencing Solutions for Mac-Using Attorneys
(DBN)

Thomson Reuters 4Q Profit Jumps 24 Percent
(DBN)

ABA President Urges HUD to Drop Requests for Waivers of Attorney-Client Privilege
(DBN)

Hearings on Cash-Strapped Courts, Ethics in Global Legal Marketplace Kick Off ABA Midyear Meeting
(DBN)

Lawyer, 87, Wants Heart-to-Heart Talk with the ‘Son of a Gun’ Who Attacked Him
(DBN)

Texas Law Firm Includes New Boots With Partnership
(DBN)

Jilted Super Bowl Ticket-Holders Sue Jerry Jones, NFL.
(DBN)

Super Bowl Temporary Seating Contractor Walked Off The Job
(DBN)

NFL Sweetens Offer to Jilted Super Bowl Fans as Lawyer Sues and Lawsuit Websites Proliferate
(DBN)

Anybody Else Getting Sick of These Disgruntled ‘Seatgate’ Super Bowl Fans?
(DBN)

Are Some NYU Law Professors Allowed to Submit Grades Later Than Others?
(DBN)

Tuition at Stanford Law School Goes Up Dramatically Because School Was ‘Underpriced’
(DBN)

Man Appeals Dismissal of "Traumatic S-- Act"
(DBN)

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Judges:

‘Cash For Kids’ Trial Kicks Off in Scranton
(DBN)

Judge Accused of Courthouse Gun Display, Home Invasion in Far-Reaching Ethics Complaint
(DBN)

Public Hearing on Judiciary Funding Draws Tales of Courts Begging for Pens, Jury Trials Halted
(DBN)

Judge Rushed Murder Case Summation to Get to St. Maarten for Pina Coladas?
(DBN)

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Wall Street:

Stock index futures seen lower on earnings
(DBN)

Brace For An Ugly Day, Because Everything Is Heading Down
(DBN)

European Stocks Decline for Third Day; Air France, Credit Suisse Lead Drop
(DBN)

Dow ends higher for 8th-straight day
(DBN)

Market slips in pause after big run-up
(DBN)

Goldman Sachs Isn't Scared Of The Volcker Rule At All
(DBN)

Global Stock Exchanges Headed for Major Consolidation
(DBN)

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Layoffs:

Bernanke Presents Grim Metrics for Job Growth
(DBN)

Job Openings are Falling Again
(DBN)

What's the Real Unemployment Number?
(DBN)

A Perfect Example Of How Weather Can Effect An Unemployment Report
(DBN)

Academics challenge Fed to create real jobs this time around
(DBN)

Billions spent on job programs without knowing if they work
(DBN)

10 Iconic American Factories That Have Closed In The Past Two Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

JPMorgan Chase Denies Complicity In Madoff Ponzi Scheme
(DBN)

JPMorgan to Madoff trustee: Back off!
(DBN)

JP Morgan: Move Picard's 'Backdoor Class Action' to District Court
(DBN)

JP Morgan seeks jury trial in Bernard Madoff lawsuit
(DBN)

Why Is JPMorgan Requesting A Jury Trial?
(DBN)

Wait A Minute--Why Should I Hate Bernie Madoff?
(DBN)

Wilpon Opened 65 Madoff Accounts With JPMorgan And Bank Of America's Support
(DBN)

The Wilpons have more than just the bankruptcy trustee to worry about
(DBN)

Outside lawsuits against Madoff relatives blocked
(DBN)

Ex-Financial Adviser Starr Seeks Five-Year Sentence in Fraud
(DBN)

Prosecutors: Juror Questionnaire Unnecessary In Rajaratnam Case
(DBN)

The fabulous life of hedge funder Donald Longueuil (before he got arrested for insider trading)
(DBN)

Ex-SAC Capital Manager Freeman Said Tips Came From U.S., Taiwan
(DBN)

On Insider Trading . . . and Shredding and Smashing and Purging
(DBN)

Alleged Ponzi Schemer Loses Insurance Claim
(DBN)

Hecker's path to prison: How broke he wasn't
(DBN)

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Accounting:

Strength in Numbers: The House Gets a CPA Caucus
(DBN)

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Food/Drink:

Owner of KFC sites files for bankruptcy
(DBN)

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Celebs:

Sale pending on Newport 'Housewife' mansion
(DBN)

5 Celebrities Who Don't Pay Taxes
(DBN)

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Hotels:

Foreclosure process begins anew at Hotel Utica
(DBN)

Best Western auction called off
(DBN)

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Retailing:

Comptroller's office steps into Lack's bankruptcy case
(DBN)

______________

Video Rentals:

Hearing set in Blockbuster Chap. 7 conversion motion
(DBN)

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Mail:

Postal Service Warns of Default Over Losses
(DBN)

______________

Economy:

Bernanke grilled on inflation threat at House budget hearing
(DBN)

House GOP Spending Cuts: The List
(DBN)

Bernanke Warns Against Steep Budget Cuts
(DBN)

Harvard Economists Prove that Bankruptcy is Mythical
(DBN)

Paul calls Fed's Bernanke "cocky" in House hearing
(DBN)

Republicans call $53B rail plan 'insanity'... Amtrak a 'Soviet-style train system'
(DBN)

President's Approval Rating on Deficit Sinks to New Low
(DBN)

Geithner: Weak housing, unemployment stifle economic recovery
(DBN)

Geithner Offers Optimistic Outlook for Recovery
(DBN)

Geithner: Debt Ceiling Will Be Raised
(DBN)

IMF `In Awe' of Rich Nations Missed Coming Crisis, Audit Says
(DBN)

Conservative groups back bill to defund remaining stimulus
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing back to pre-bubble prices
(DBN)

A Young Lawyer's Fight To Save The Homes Of Low-Income Families
(DBN)

New Questions Raised in Mortgage Financing
(DBN)

U.S. home values post largest quarterly decline in 2 years
(DBN)

Home Value Drop Leaves 27% of US Mortgages Underwater
(DBN)

54% of Metro Atlanta Mortgages Under Water
(DBN)

70% of Phoenix mortgages under water
(DBN)

Phoenix Homes Could Dip to $100,000
(DBN)

Foreclosures account for 43% of Phoenix home sales in January
(DBN)

California plans $2-billion program to help distressed homeowners
(DBN)

Foreclosure filings down 17% in January as reviews continue
(DBN)

Foreclosures are falling - but it's a fake out
(DBN)

HAMP and other housing programs may be cut from federal budget
(DBN)

Fact du jour, mortgage loan mod edition
(DBN)

Foreclosure practices court hearing postponed a third time
(DBN)

Congress could crack down on mortgage lenders preying on troops
(DBN)

JP Morgan Apologizes For Military Foreclosures As Lawmakers Weigh Fixes
(DBN)

Florida AG investigating three more foreclosure law firms
(DBN)

MA: Late to the foreclosure party?
(DBN)

LPS Document Scheme Easy Target for CFPB Enforcement
(DBN)

Republicans: Halt taxpayer aid for Fannie, Freddie
(DBN)

Bipartisan support for scrapping Fannie, Freddie draws criticism
(DBN)

What's Next For Fannie, Freddie? Hard To Say
(DBN)

Freddie Official Says He Has No Duty to Shareholders
(DBN)

How Buying a Home Is Likely to Change
(DBN)

White House Plans Phase-Out of Fannie, Freddie
(DBN)

Two things that likely will be missing from the Treasury's GSE report
(DBN)

More than Fannie, Freddie block return of private mortgage market
(DBN)

Obama to outline options for future of Fannie Mae and Freddie Mac
(DBN)

Bankers urge government to release GSEs, create bad bank
(DBN)

Bernanke: Lagging real estate drags down investments
(DBN)

Freddie's Operating Chief Resigns
(DBN)

Banks Could Face $60 Billion Tab on Bad Mortgage Loans
(DBN)

How Fannie, Freddie Let the Banks off Easy
(DBN)

NAMB applauds House committee probe on mortgage broker pay
(DBN)

St. Joe Explores Sale
(DBN)

Creditor urges judge to allow sales at Trevor Davis project
(DBN)

Homebuilders Undermined by Cost of Construction Boom's Flaws
(DBN)

Landlord Miell loses bid to have trustee removed from his bankruptcy
(DBN)

REIT Group Calls Calpers’ Proposed Strategy ‘Ill-Advised’
(DBN)

Trial set for Cedar Funding mortgage broker
(DBN)

Commercial Real Estate prices increased slightly in December
(DBN)

____________

Mass Torts:

Department of Justice Urges Feinberg Not to Consider BP's Bottom Line
(DBN)

Class of BP Oil Spill Claims Adjusters Wants Back Wages and Overtime Pay
(DBN)

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Municipalities:

Flight Slows From Municipal Bond Funds, Investment Company Institute Says
(DBN)

S&P downgrades NJ credit rating
(DBN)

Sale of Calif. State Buildings Canceled
(DBN)

California Should Learn from Tx. Budget Crisis
(DBN)

Bobb asks state to bar DPS from filing for bankruptcy
(DBN)

DPS' Bobb seeks legislation to ease concerns of bond insurer
(DBN)

New bill calls for new rules in Michigan communities facing bankruptcy
(DBN)

Bankrupt Reasoning: The Facts of State Bankruptcy
(DBN)

Bailout, bankruptcy not popular words at hearing on state debt
(DBN)

House set to explore emergency finance manager law
(DBN)

Legislators talk bankruptcy
(DBN)

Congress warned over states' bankruptcies
(DBN)

Analysis: The Hearings on the State Debt Crisis
(DBN)

The bumpy road ahead for munis
(DBN)

House GOP Fears 'Looming Fiscal Crisis' for States
(DBN)

Did Obama Just Come Up With A State Bailout That The GOP Can't Oppose?
(DBN)

Lawmakers oppose federal bailout for states
(DBN)

The metamorphosis of the muni market
(DBN)

America's Dying Cities
(DBN)

Advocates Push Gay Marriage as State Budget Solution
(DBN)

Texas sales tax revenue up from year ago
(DBN)

______________

Banking:

Should Banks Have Bankruptcy Protection?
(DBN)

Ship of Knaves
(DBN)

Washington Mutual Eyes Second Chance At Chapter 11 Exit
(DBN)

Reuters: WikiLeaks BofA Documents a "Dud"?
(DBN)

The Secret Document That Banks And Other Big Organizations Are Using To Prepare For Wikileaks
(DBN)

Wells Fargo CFO Atkins May Receive $22 Million After Resigning
(DBN)

______________

Ethanol:

Ex-owner of Neb. ethanol plant sues over explosion
(DBN)

______________

Golf:

Bankruptcy looms for Sunset Ridge
(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)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Insurance:

AIG expects 4Q charge of $4.1B for loss reserves
(DBN)

Is AIG Plucking $2 Billion Out of Uncle Sam's Pocket?
(DBN)

______________

Corporate Reform:

Fed Moves to Label 'Systemically Important' Nonbank Firms
(DBN)

Wall Street Justice Means Nobody Gets Pinched
(DBN)

Republicans Fire First Shots in the War over Regulation
(DBN)

Barney Frank pushes back against FCIC dissenter Peter Wallison
(DBN)

Why The Republican Attack On "Job-Killing Regulations" Is Absurd
(DBN)

______________

Avoidance Actions:

Attorneys Beware! Good Faith Required for “Mere Conduit” or Control Exception to Initial Transferee Liability
(DBN)

______________

Plan Confirmation:

DBSD North America: The Second Circuit Holds That You Can Look a Gift Horse in the Mouth
(DBN)

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Bankruptcy Poetry:

Chapter 2011
(DBN)

Super Bowl
(DBN)

______________

Compensation:

Credit Suisse Cuts Bonus Pool More Than UBS With 25% Drop in Variable Pay
(DBN)

______________

Religion:

South Florida Hasidic Synagogue Files for Chapter 11
(DBN)

No Blessing for Bracha as Synagogue Hits Snag
(DBN)

Clergy abuse in Delaware: Unsettled claims to be pursued
(DBN)

Court filing offers rare look at Milwaukee archdiocese
(DBN)

______________

Autos:

GM: China Sales Hit Record in January
(DBN)

Nissan's Profits Jump 78%
(DBN)

______________

Rating Agencies:

SEC to Wean Markets off Credit Ratings
(DBN)

______________

Health Care:

Cosmetic Surgery Rebounds Along with Economy
(DBN)

Lawsuit claims conflicts of interest led to bankruptcy of Clarksville medical center
(DBN)

Judge appoints independent fiduciary for Shawnee Hills retirement plan
(DBN)

Delay of State Money for Merger May Force a Hospital in Brooklyn to Close
(DBN)

______________

Tax:

IRS Uses Snitches to Uncover Tax Fraud
(DBN)

______________

Finance:

Banks bring back bubble-era terms for corporate loans
(DBN)

______________

Oil/Gas:

The World Is About To Hit Its Oil Price "Recession Threshold"
(DBN)

______________

Hollywood:

David Bergstein's three remaining companies forced into bankruptcy
(DBN)

______________

UK:

U.K. to Increase Bank Tax
(DBN)

Bank of England Keeps Rates Unchanged
(DBN)

Appointment of Administrators - 9 February 2011
(DBN)

Winding Up Petitions - 9 February 2011
(DBN)

Corporate Recovery & Insolvency Update
(DBN)

North-east distressed deals drop by one third
(DBN)

December Manufacturing Turns Negative
(DBN)

______________

EU:

Belgians Are Revolting - Over Tax This Time
(DBN)

Weber's Withdrawal Opens ECB Race Amid Debt Crisis
(DBN)

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Canada:

McGuinty should just be honest with voters and declare bankruptcy
(DBN)

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Germany:

German Business Insolvencies Decrease In November
(DBN)

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Egypt:

Egypt's foreign minister bristles over US call for prompt transition
(DBN)

Egypt regime warns of crackdown
(DBN)

With Egypt -Fever, Are Any Dictators Safe?
(DBN)

Pinochet model for Mubarak
(DBN)

Beyond Tahrir Square, a turning point for Egypt awaits
(DBN)

Tahrir Square Becomes Home to Tent-Builders Set to Stay Until Mubarak Goes
(DBN)

Egypt Foreign Minister Warns of Military Intervention
(DBN)

How Rich is Hosni Mubarak?
(DBN)

Saudis Told Obama 'not To Humiliate Mubarak'
(DBN)

Egypt's Working Class Joins Revolt
(DBN)

______________

PIGS:

Ireland warned of impact of ‘haircuts’
(DBN)

Ireland 'Needs EU Help With Banks'
(DBN)

Merrill changed an analyst's research report after Irish banks flipped out
(DBN)

Soaring debt pushes Portugal towards bailout
(DBN)

______________

Czech Republic:

Sazka proposes rejection of Vítek's insolvency
(DBN)

______________

Middle East:

10 Saudi Banks File Claims for $2.4 Billion From Algosaibi Family Company
(DBN)

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Copyright 2011