February 17, 2011

The Daily Bankruptcy News

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Law:

Cadwalader Names New Bankruptcy Partner
(DBN)

In a Boom, What's a Bankruptcy Specialist to Do?
(DBN)

Borders Files for Chapter 11: Meet the Lawyer Who Will Run It
(DBN)

Lawyers make millions off Madoff mess
(DBN)

Deutsche and JP Morgan push firms on costs and outsourcing
(DBN)

Firm Moves Away from the Billable Hour
(DBN)

The Eight-Year Audition
(DBN)

K&L Gates London senior partner faces disqualification proceedings
(DBN)

Debtor-Side Restructuring Partner Joins Latham & Watkins
(DBN)

Howrey Met Your Mother (Then Lost Her to Another Firm)
(DBN)

The Dakota Claims Racial Bias Plaintiff Made ‘Highly Unrealistic’ Financial Claims
(DBN)

Ben-Ezra & Katz cuts 236 jobs after losing Fannie's business
(DBN)

Lawyers' Roles--In-House and Outside Counsel--in Advising Corporations
(DBN)

Small Firms, Big Lawyers: Have You Gotten Stupider?
(DBN)

‘Ghostblogging’ Law Firms Risk Their Reputations, Consultant Says
(DBN)

Fired NY Associate Sues Firm, Claims ‘Hostile and Demeaning’ Environment
(DBN)

Bonus Watch: O’Melveny & Myers Highlights Difficulties for West Coast Firms
(DBN)

White & Case sees small drops in turnover and PEP
(DBN)

Do You Want That in Euros?: Foreign Firm Matches NY Elite's Spring Bonuses
(DBN)

Former Halliwells partners divided over HMRC tax rebate cut-off
(DBN)

As BigLaw Grows in Asia, It Finds Slashed Fees Make It Tough to Earn a Buck
(DBN)

Succession Plan: Tales of Law Firm Leader Transitions
(DBN)

BigLaw, Mommies & Maternity Leave: Benefit for All or Only Those Returning?
(DBN)

Freed Defendant Blasts Prosecutors in $150 Million Suit
(DBN)

Allstate, Galleon, Commerzbank, UBS, JPMorgan in Court News
(DBN)

“The Game” Is What Happens When a Law Firm and a Video Game Developer Hook Up
(DBN)

Law Office Product Review: The Swingline 747 Business Stapler :)
(DBN)

An "Extremely Stupid" Idea Gets A Reprimand
(DBN)

A Miami Law Student Wants a ‘Student Bill of Rights.’ He’s Going To Be Sad When He Receives a Glass of Shut the Hell Up.
(DBN)

How Gal Pal’s Lawyer Got Mel Gibson Offer to $16M (Refused), Up From 1 Year Rent and Dodge Charger
(DBN)

Court Docs Show Role of In-House Lawyers in Bribery Case
(DBN)

Courtship Connection: One Hit, Two Misses
(DBN)

Lawyer Suspended for Courthouse and Office S-- with Client Who Was Briefly His Wife
(DBN)

Wannabe Lawyer
(DBN)

Cops Find 30 Items Inside Inmate
(DBN)

Harper Valley PTA
(DBN)

Mug Shots
(DBN)

______________

Judges:

Top judge tightens campaign donor ethics rule
(DBN)

Judge Asks to Seal Own Depo in Libel Suit He Filed; Defendant Lawyer, 2 Top Judges Argue Against Him
(DBN)

______________

Wall Street:

Stock index futures mixed ahead of CPI data
(DBN)

Futures Steady Ahead of Jobless Claims
(DBN)

US Stocks Advance as Fed Becomes More Optimistic About Growth
(DBN)

Goldman Should Give Back $2.9B to Feds
(DBN)

______________

Layoffs:

Speaker Boehner’s 200,000
(DBN)

Bias Against the Unemployed Is Subject of Probe
(DBN)

Unemployed? Some companies won't hire you
(DBN)

Speakers at EEOC Meeting Say Ban on Unemployed Job Applicants Could Discriminate Illegally
(DBN)

Silicon Valley Hiring Again
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Telecoms:

TerreStar Corp files for Chapter 11 bankruptcy
(DBN)

TerreStar scraps EchoStar-backed bankruptcy plan
(DBN)

______________

Municipalities:

How to Bankrupt a State
(DBN)

Muni Investors Foresee Major Defaults In 2011
(DBN)

Muni bond yields fall further as market panic ebbs
(DBN)

Banks Make Loans Straight to Public Borrowers
(DBN)

The muni loan market emerges
(DBN)

Chicagoland Population Sinks to 1920 Level
(DBN)

Wisc gov seeks to end collective bargaining for most state workers
(DBN)

40% Of Madison Teachers Call In Sick To Join Austerity Protest At The Wisconsin State Building
(DBN)

Calif gov freezes hiring
(DBN)

Calif. city officials ordered to stand trial
(DBN)

Illinois Governor Proposes Major Borrowing in New Budget
(DBN)

Illinois Republicans Promise To Block Gov. Quinn's "Insatiable Appetite For More Spending"
(DBN)

Illinois bond buyers: Invest at your own risk
(DBN)

Fla gov scraps high-speed rail plan
(DBN)

This is Flint, Michigan, in all its pain and all its glory
(DBN)

Better Than Bankruptcy: Trim Fat State Pensions
(DBN)

ACT 47 Team Issues Recommendations For Harrisburg
(DBN)

Financial advisors tell Harrisburg to stop spending, hiring
(DBN)

______________

IP:

Stan Lee Media vs. Stan Lee: Lawsuit Back On, This Time For Real
(DBN)

______________

Finance:

Junk Bonds are Hot Again
(DBN)

______________

Small Business:

What Obama's Budget Means for the S.B.A.
(DBN)

______________

Accounting:

There’s at Least One Interesting Theory Out There About the Wells Fargo CFO’s Sudden Resignation
(DBN)

Accountant with Frightening Mugshot Pleads Guilty
(DBN)

______________

Celebs:

OJ Beaten Severely in Prison
(DBN)

Boom to Bust: Socialite Loses Home To Foreclosure
(DBN)

______________

Banking:

Wells Fargo Finds Novel Answer for Unneeded Hybrids
(DBN)

Jamie Dimon’s ‘Biggest Disaster’ Is Waiting
(DBN)

Fed Tells U.S. Banks to Test Capital For Recession Scenario
(DBN)

______________

Oil/Gas:

Vitter Blocks Interior Nominee Until Offshore Permits Issued
(DBN)

______________

Private Equity:

The Justice League
(DBN)

______________

Corporate Reform:

Issa Makes A Move: New subpoena seeks records on sweetheart loans
(DBN)

Frank proposes amendment to increase SEC funding by $131 million
(DBN)

Taibbi: Why Isn't Wall Street in Jail?
(DBN)

Consumer guru faces tough task
(DBN)

House GOP would limit consumer protection agency
(DBN)

A Life’s Value May Depend on the Agency, but It’s Rising
(DBN)

A Political Divide Over the Inquiry of the Financial Crisis
(DBN)

______________

Trucking:

Former Arrow Trucking executive files bankruptcy
(DBN)

______________

Economy:

Geithner Says US Must Face Budget Challenges, Support Growth
(DBN)

Factory Production Increases, Housing Stagnates
(DBN)

Wholesale prices rise for 7th straight month
(DBN)

Consumer Prices in U.S. Probably Increased for Seventh Month
(DBN)

Fed raises growth expectations for 2011
(DBN)

The Fed’s G.D.P. Forecast, in Context
(DBN)

5 Charts You Must See Before Today's Huge CPI Report
(DBN)

Senate Deficit Plan Details Emerge
(DBN)

Geithner: Cut US Corporate Tax Rates
(DBN)

12 Things You Don’t About Tim "Better Than Rubin" Geithner
(DBN)

Why We Should Raise Taxes on the Super-Rich and Lower Them on the Middle Class
(DBN)

Rising Employment No Rebound for Inflation as Wages Affirm Bernanke Stance
(DBN)

Deficit is Biggest Share of GDP Since 1945
(DBN)

3 Big Lies About Cutting the Deficit
(DBN)

Obama to GOP: Let's Cut Entitlements
(DBN)

Obama Happy to Cut Broad Range of Services to Preserve Pentagon Pork
(DBN)

The Obama Budget: And Why the Coming Debate Over Spending Cuts Has Nothing to Do with Reviving the Economy
(DBN)

Geithner: Reform Social Security, Not Benefits
(DBN)

There Is Still No Such Thing As Socialsecuritymedicareandmedicaid
(DBN)

Medicare And Medicaid Are Big
(DBN)

Balancing The Budget: The Problem Might Be You
(DBN)

Treasuries Fall as US Housing Starts, PPI Gains Signal Growth, Inflation
(DBN)

Crisis commission shows more division before House
(DBN)

Magic Asterisks: Was Simpson-Bowles really so great?
(DBN)

Chaos: 400 Amendments on Spending Plan
(DBN)

World Bank: Food Prices Hit Dangerous Levels
(DBN)

The New Tax Increase on America's Poor
(DBN)

10 Charts That Embody Everything That's Wrong With The U.S. Economy
(DBN)

21 Signs That The Once Great U.S. Economy Is Being Gutted, Neutered And Destroyed
(DBN)

Household Debt Falls for 9th Quarter
(DBN)

Cash Hoards Shrink at S&P 500 for First Time Since '09 as Obama Woos CEOs
(DBN)

Outlook for Food Prices: High
(DBN)

Bernanke: Hoocoodanode?
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Allstate sues JPMorgan Chase over sale of toxic RMBS
(DBN)

Mortgage rates rise, refinancing falls
(DBN)

US Mortgage Demand Falls to Two-Year Low as Refinancing Drops
(DBN)

Housing starts rose 14.6% in January
(DBN)

PMI sees 2011 existing home sales increasing 8.3%
(DBN)

Distress sales make up nearly half of all California home sales
(DBN)

Southern California home sales at lowest level for a January in three years
(DBN)

'Toxic' Securities Turn Lucrative for Banks
(DBN)

Decrease in mortgage delinquencies losing momentum
(DBN)

Fla. No. 2 for mortgage delinquency
(DBN)

MERS to members: Don’t foreclose in our name
(DBN)

Lost in New York, MERS claims victory in Kansas
(DBN)

Another Way Banks Make Everyone Pay: The MERS Mortgage Mess
(DBN)

GMAC Won’t Face Much of Maine False Foreclosure Documents Suit
(DBN)

US close to punishing banks over foreclosures
(DBN)

Bank Regulator Pushing For Modest Settlement With Industry Over Improper Mortgage Practices
(DBN)

Facing Foreclosure Without Missing A Payment: One Couple's Housing Nightmare
(DBN)

City looks at rules to keep foreclosure crisis from ruining neighborhoods
(DBN)

FHA's Stevens says mortgage servicers could face potential fines, claims
(DBN)

More on Mortgage Servicer Enforcement Action
(DBN)

The 7 Things Really Wrong with the Treasury’s GSE Reform Plan
(DBN)

62 percent drop in home mortgages to minorities
(DBN)

New York Readies Legal Aid For Borrowers In Select Counties
(DBN)

Judge reverses Fresno Pacific Towers foreclosure
(DBN)

Option ARM Time Bomb Blows Early, Easing Damage to U.S. Housing
(DBN)

Multi-family Housing Starts and Completions
(DBN)

Judge suggests negotiations in Plainfield apartment bankruptcy case
(DBN)

BofA subpoenaed over VIP home loans
(DBN)

Most REITs exceed earnings expectations in 4Q in KBW report
(DBN)

_____________

Retailing:

Borders Enters Chapter 11, Plans To Close 30% Of Stores
(DBN)

Borders picks liquidators for 200 stores
(DBN)

Borders Closing Up to 275 Stores
(DBN)

The Short Timeline in the Borders Bankruptcy
(DBN)

Latest Chapter: Kasowitz on Hand as Borders Begins Chapter 11
(DBN)

Borders Seeks to Liquidate Stores, Wins Interim Loan
(DBN)

Borders Gets $505 Million in Bankruptcy Loans Led by GE Capital
(DBN)

Borders decline means big changes for industry
(DBN)

Borders may have trouble surviving bankruptcy , analysts say
(DBN)

Who's Owed What?
(DBN)

The Three Lessons of the Borders Bankruptcy
(DBN)

Major Book Imprints Are Owed Millions
(DBN)

Borders CEO sends e-mail to members
(DBN)

Borders Bankruptcy: Headache for Landlords
(DBN)

Realty firm that leases to Borders sees shares rise
(DBN)

Winners and losers in Borders' bankruptcy filing
(DBN)

Borders bankruptcy shakes up book industry
(DBN)

Borders Bankruptcy: Read the Court Filing
(DBN)

Is Borders Closing a Store Near You? Here's the Full List
(DBN)

Borders bankruptcy bad for consumers?
(DBN)

Borders Bankruptcy : Blow to Bill Ackman, Bennett LeBow
(DBN)

Borders bankruptcy FAQ: Are my gift cards valid?
(DBN)

Largest U.S. retailer bankruptcies since 2000
(DBN)

Retail sales will rise 4 percent in 2011: NRF
(DBN)

Hacketts property sale set in Ogdensburg
(DBN)

______________

Utilities:

Study: Texans Were Taken by Deregulation
(DBN)

______________

Autos:

Keystone Automotive Operations Launches Exchange Offer, Bankruptcy Possible
(DBN)

______________

Religion:

Pennsylvania: Priests Suspended on Abuse Allegations
(DBN)

______________

Computer Supplies:

Shareholders stranded by closure of American TonerServ
(DBN)

______________

Politics:

Poll: Majority of Republicans Doubt Obama's Birthplace
(DBN)

______________

Chemicals:

Solutia Said to Seek $700 Million Loan to Refinance
(DBN)

______________

Health Care:

Tenn. hospital group offers to buy Landmark
(DBN)

Medical facility, housing coming to Brownsville Hospital site
(DBN)

______________

Defaults:

S&P/ Experian Credit Default Indices Show Major Improvements
(DBN)

Corporate defaults take a low profile
(DBN)

______________

Debt Collection:

NC: Debtors and the law
(DBN)

______________

New Bankruptcy Opinions
(2 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)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

Borders, Ambac, TerreStar, Point Blank, MERS: Bankruptcy
(DBN)

Registration Exemptions, MERS Problems: Bankruptcy
(DBN)

______________

Insurance:

How Goldman Killed A.I.G.
(DBN)

______________

Tax:

RALs - Will They Become Extinct?
(DBN)

______________

Mass Torts:

Oil Spill Quick Pay Means More Waiting Time
(DBN)

AstraZeneca Said to Pay $150 Million to Settle About 6,000 Seroquel Suits
(DBN)

______________

Fraud:

Fiscal lessons from Bernie Madoff
(DBN)

Madoff insists family did not know of his fraud, but the banks were aware
(DBN)

NY Mets: Trump may invest to 'help out' owner facing $300 million Madoff writ
(DBN)

It’s Amazing That It Has Taken This Long to Learn Donald Trump’s Thoughts on Buying the Mets
(DBN)

Wilpons Vow To Not Give Up Controlling Interest In Mets
(DBN)

Does Madoff "Banks Knew" Claim Raise the Heat on JP Morgan and the Mets?
(DBN)

Report: Madoff Told NY Times He Met with Bankruptcy Trustee When He Didn't
(DBN)

Madoff Jailhouse Interview: More Lies, Say Lawyers in Case
(DBN)

Madoff is an unreliable witness – but a very convincing one
(DBN)

What J.P. Morgan CEO Knew Is Key to Madoff Suit
(DBN)

Wilpon Says Family Has Received Many Offers for Mets
(DBN)

Mets debt spiral
(DBN)

Mets CEO fires back, says ownership group will win Madoff lawsuit and retain team
(DBN)

CNBC Pundit Brian Kim Suspected in $4 Mill Ponzi
(DBN)

Justice Department Urges Stiffer Penalties for Insider Trading
(DBN)

Stanford on the Move: Will Allen Meet Bernie?
(DBN)

Stanford Financial's Ponzi victims sue to recover funds given to charities
(DBN)

Manager Took Down Friend in Probe
(DBN)

Hecker's girlfriend to be sentenced Feb. 25
(DBN)

In an Amish village, the SEC alleges a Madoff-like fraud
(DBN)

Feds charge 2 NC men with operating Ponzi scheme
(DBN)

Ex-Sequenom In-House Counsel Pleads Guilty to Insider Trading Charges
(DBN)

Federal appeals court to hear Petters case
(DBN)

How I Got Completely Screwed By Hedge Fund Fraudster Jim Brandolino
(DBN)

______________

Aviation:

Alabama Aircraft Industries Inc. files Chapter 11 bankruptcy
(DBN)

______________

Furniture:

Buckstaff faces foreclosure
(DBN)

______________

Golf:

Bull golf course placed in foreclosure
(DBN)

______________

Bankruptcy Crimes:

As Bankruptcy Debtors Tend to Try to Hide Assets, Sometimes Ineptly, Prosecutions are On the Rise
(DBN)

Indianapolis Couple Sentenced for Bankruptcy Fraud
(DBN)

______________

Guns:

Troubles intensify for Nashville gunmaker Sabre Defence
(DBN)

____________

Cross-Border:

Cross-Border Update on German Restructuring – Who Pays Next Time?
(DBN)

______________

UK:

UK businesses see signs of distress increase
(DBN)

BOE's `Game Changer' Brings Forward Rate-Rise Forecasts
(DBN)

U.K. Unemployment Unexpectedly Advances as Government Starts Cutting Jobs
(DBN)

Appointment of Administrators - 16 February 2011
(DBN)

Winding Up Petitions - 16 February 2011
(DBN)

UK businesses see signs of distress increase across the board, with over half experiencing decreased profits
(DBN)

HMRC and Premier League insolvency battle adjourned because of Lehmans
(DBN)

Liability for the electricity costs of insolvent tenants
(DBN)

Bankrupt director spared jail
(DBN)

Talk of administration at Bristol Rovers is untrue, says Geoff Dunford
(DBN)

Farepak scandal: Now send the bosses to jail
(DBN)

______________

EU:

As Portuguese Yields Rip To All-Time Highs, Germans Reportedly Crank Up The Bailout Pressure
(DBN)

______________

Canada:

Earl Jones' victims celebrate bill's passage
(DBN)

Union continues its 'battle' for Fraser pensioners
(DBN)

______________

Germany:

For Germany's Banks, a Grim Future
(DBN)

______________

Middle East:

Thousands of police confront protesters in Yemen
(DBN)

Egypt's protests flare despite military warning
(DBN)

Egypt Sets Deadlines for Civilian Rule, Reforms
(DBN)

Senate hearing turns into farce as American ignorance on Egypt revealed
(DBN)

Tunisia. Egypt. Bahrain?
(DBN)

ABC Journalist Beaten, And At Least One Is Killed As Protests In Bahrain Turn Violent
(DBN)

Anti-government protests spread to Libya
(DBN)

In Iran, Protestors Look Ahead
(DBN)

Bahrain Protests Swell as Thousands Mourn
(DBN)

US Military HQ Watching Mideast Unrest
(DBN)

In sharp reversal, U.S. agrees to rebuke Israel in Security Council
(DBN)

______________

China:

China Reduces US Debt Holdings
(DBN)

Beijing Limits House Purchases
(DBN)

US to China: Buy Our Debt, not Our Companies
(DBN)

______________

Ireland:

Rehn Rejects Prospect Of Bondholder 'Haircuts'
(DBN)

The Irish Rebel of the banking crisis
(DBN)

______________

Australia:

Veteran Australian Fashion Chain Collapses
(DBN)

______________

Japan:

Japan Lawmakers Review Consumer Lender Law After Takefuji Fails
(DBN)

______________

Afghanistan:

Kabulbank datapoint of the day
(DBN)

______________

Vietnam:

Vietnam police arrest Vinashin executive
(DBN)

______________

Ivory Coast:`

Ivory Coast Banks, Stock Exchange Close Amid Bank Run
(DBN)

______________

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Copyright 2011