July 19, 2011

The Daily Bankruptcy News

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Law:

Zombie Firm, Pockets Full of Sudden Cash, Shambles Towards Deal With Creditors
(DBN)

Former Howrey Partners Ink Wal-Mart Settlement as Firm's Dissolution Nears
(DBN)

A Job Offer That May Be Hard to Resist
(DBN)

In-House Career Paths
(DBN)

The 2011 GC Compensation Survey
(DBN)

BigLaw Partner Sues Legal Recruiter, Says She Lied to Get Him to Leap to Patton Boggs
(DBN)

'Robo-Signing' of Mortgage Docs 'Still an Epidemic'
(DBN)

New Netflix Plans and Legal Pricing
(DBN)

Online CLE session: 60 iPhone and iPad Apps in 60 Minutes for Lawyers
(DBN)

Don't Take On More Than You Can Handle, and Other Tips for Summer Associates
(DBN)

Academic All-Stars Won’t Be Hired at Kramer Levin if They Aren't Client-Worthy
(DBN)

Firm Seeks TRO Against Ex-Partner, Says He Took 600 Client Files
(DBN)

Judge Sets Limits on Corporations' Attorney-Client Privilege
(DBN)

News Corp. Says Lawyer to Lead Internal Probe
(DBN)

What the DSK and News Corp Cases Say About Proper PR Responses
(DBN)

Lawyers and PR experts drill Rupert Murdoch before parliamentary grilling
(DBN)

NYT: Hacking Settlements Are ‘Chicken Feed’ Compared to Payouts for Alleged Corporate Hijinks
(DBN)

Conflicts Questions Raised About Law Firm that Found No Widespread Hacking at Tabloid
(DBN)

Harbottle defends Hackgate position; Grabiner to lead News Corp clean-up
(DBN)

Phone-Hacking Scandal Keeping Lawyers Busy on Both Sides of Pond
(DBN)

Firm Blamed by Rupert Murdoch in Hacking Scandal Says Ethics Issues Compel Silence
(DBN)

Obama: Consumer Chief Will Counter Corporate Lawyers
(DBN)

Lawyer: Elaborate plans made to keep Anthony safe
(DBN)

Casey Anthony all over emotional map: lawyer
(DBN)

Imagining the Future Legal Career of Casey Anthony
(DBN)

In Central Florida, a Chorus of ‘Happy Trails’ to Anthony, Minus the ‘Happy ’
(DBN)

Bad Boys, Bad Boys: Law Firm Helps Cops Bust Robbery Suspect With Deposition "Sting"
(DBN)

The Times ‘Unearths’ The Law School Scam, But Still Can’t Explain It
(DBN)

New York Law School Dean Hits Legal Ed, But Hikes Class Size 30%
(DBN)

If you're thinking of going to a third- or fourth-tier law school, don't bother.
(DBN)

Practical Skills
(DBN)

From NYU LLM Student to Beauty Queen
(DBN)

More About the Former Biglaw Partner Accused of Child ---- Distribution
(DBN)

Receptionist with Demanding Lawyer Boss Learns Being Too Nice Hurts Careers
(DBN)

V&E only Texas-based firm on Vault.com's top 20 list for associate quality of life
(DBN)

Lawyer Faces Suspension over Racy Craigslist Ad
(DBN)

Man Wins 2-Year Pro Se Court Battle Over $25 Ticket, Says Case was ‘Like Doing My Own Dentistry’
(DBN)

Better Call Saul: The funniest things Bob Odenkirk says on Breaking Bad
(DBN)

Burglary goes strangely wrong
(DBN)

Bride busted after nuptials, poses for mug shot in wedding dress, veil
(DBN)

Arch Chemicals, UBS, Vincent McCrudden, Barclays, News Corp in Court News
(DBN)

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Judges:

11 Out of 12 Commissioners Laid Off as California Courts Swing Ax to Trim 40% of Jobs
(DBN)

Senate Due to Vote on Judicial Nomination of Openly Gay Lawyer
(DBN)

Oetken gets confirmation as SDNY judge
(DBN)

Orange County Judge Admonished for Insensitive Comments
(DBN)

Judicial Plagiarism
(DBN)

Judges Whose Naughty Acts Land Them On The Wrong Side Of The Gavel
(DBN)

S.F. Superior Court Lays Off 200; Top Judge Calls it a 'Dismantling'
(DBN)

The San Francisco Justice System Is Collapsing
(DBN)

The art of the impasse - A mediator looks at the debt-ceiling negotiations
(DBN)

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Wall Street:

U.S. stock index futures rise; BofA, Goldman eyed
(DBN)

Stocks Slump
(DBN)

European, US debt worries haunt markets
(DBN)

Morgan Stanley Missed Its Internal Trading Revenue Target By 40% Last Year
(DBN)

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Layoffs:

Cisco Whacks 16% Of Workforce (6,500 workers), Sells Factory
(DBN)

Cisco cuts 15 percent of its execs amid big layoffs
(DBN)

9.2% Unemployment? Blame Microsoft.
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Textbooks:

Nebraska Book Seeks Approval for Vote on Bankruptcy Reorganization Plan
(DBN)

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Magazines:

Post bankruptcy restructuring, Reader's Digest scouts for buyers
(DBN)

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Religion:

Report: Irish Catholic Church hid abuse in 1990s
(DBN)

Church's solicitor guarded every angle
(DBN)

Philadelphia Archbishop expected to step down following sex abuse
(DBN)

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Corporate Reform:

Obama pledges to fight GOP changes to CFPB
(DBN)

Meet Richard Cordray, the candidate to lead the CFPB
(DBN)

Separated at Birth? Obama's Watchdog Pick Cordray and Kenneth from '30 Rock'
(DBN)

Cordray could endure same fate as Warren
(DBN)

CFPB on hold as Obama's choice of leader is vetoed
(DBN)

Richard Cordray caught in the middle as GOP, Obama wrestle over Consumer Financial Protection Bureau
(DBN)

GOP Efforts To Block Warren, Cordray, And Others Represent Are A Power Grab Unprecedented In Modern Times
(DBN)

Warren was better choice
(DBN)

Obama vows fight with pick for consumer agency chief
(DBN)

Elizabeth Warren, skipped by President Obama for consumer bureau appointment, being courted to challenge Sen. Scott Brown
(DBN)

Running for Senate from Red Sox Nation
(DBN)

Warren's Massachusetts prospects aren't as bright as you might assume
(DBN)

Why Liz Warren Won’t Be Leading the Consumer Financial-Protection Charge
(DBN)

Warren Goes to Bat for Obama
(DBN)

Congressman Who Harassed Elizabeth Warren Showered With Donations From Banks And Predatory Lenders
(DBN)

Consumer watchdog on a shorter leash
(DBN)

Dodd-Frank takes a bruising, keeps on cruising
(DBN)

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Newspapers:

Is the Los Angeles Times for Sale?
(DBN)

Tribune Co. reorganizes newspapers, cuts more jobs
(DBN)

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Celebs:

DOJ Won’t Pursue Extradition of Randy Quaid, Who Is Fearful of ‘Star Whackers’
(DBN)

DSK’s New York ---capade
(DBN)

______________

Economy:

Goldman: Recession Risk is Rising
(DBN)

Obama Vows to Veto Spending Cuts
(DBN)

Debt: 2011 Is Different Than 1995 In One Huge Way
(DBN)

The Real Debt Deal - "Bankruptcy is in the Constitution, while a central bank like the Federal Reserve is not"
(DBN)

Default 'Off the Table,' Debt Deal Will Be Struck: Geithner
(DBN)

Get Ready for a 70% Marginal Tax Rate
(DBN)

Congress Bickers as Bond Markets Brace for Total Panic
(DBN)

Obama Administration Reaching Out To Credit Agencies To Avoid Downgrade
(DBN)

Fitch Says Treasurys With Missed Payments Would Get B+ Rating
(DBN)

Republicans Pushing Budget Balance Won’t Deliver Details on How
(DBN)

Conrad on Reid/McConnell: ‘I don’t think it’s attractive at all’
(DBN)

The futility of cut, cap and balance in one graphic
(DBN)

Gold reaches record high as markets stressed by banks and eurozone worries
(DBN)

Balanced Budget Lunacy
(DBN)

It looks like 1914 again
(DBN)

The Head Of The World's Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013
(DBN)

How Ray Dalio built the world's richest and strangest hedge fund
(DBN)

The Clash Of Generations
(DBN)

Surprise! The big bad bailout is paying off
(DBN)

New Economic Indicator
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Lawler: Existing Home Sales Down in June
(DBN)

Three Ways Obama Can Fix the Housing Crisis
(DBN)

Freddie Mac says housing sector unlikely to see double-dip
(DBN)

Percentage of commercial loans paying off at maturity rises, remains under 50%
(DBN)

$6.2 Trillion of Unintended Federal Budget Consequences for Commercial Real Estate
(DBN)

Four More CRE Lenders Fail
(DBN)

Officials Warn That Foreclosure Probes May Prove Inadequate
(DBN)

Known Florida robo-signing names turn up on mortgage documents elsewhere
(DBN)

Robo-Signing Is Back With A Vengeance
(DBN)

Behind foreclosure corner-cutting, troves of missing documents
(DBN)

BofA Mortgage Settlements Magnify Capital Strain as $50 Billion Gap Looms
(DBN)

The Southeastern states' view of MERS
(DBN)

Krugman: Don't Let the Banks Walk Without a Foreclosure Fraud Investigation
(DBN)

Florida fraud report key to New York foreclosure case
(DBN)

Debate rages over bank's planned foreclosure of U.S. soldier Aaron Collette's home
(DBN)

Home remodeling up to highest level since 2004
(DBN)

Illinois Earmarks $100M For Delinquent-Loan Purchases
(DBN)

Mortgage closing costs up 8.8% from year earlier
(DBN)

Homebuilder confidence rises with outlook not quite as bleak
(DBN)

REOs Grow at Nation's Credit Unions
(DBN)

NCUA sues Royal Bank of Scotland, again
(DBN)

Boxer bill leaves out reps and warrants refinancing risk
(DBN)

Squatter claims $300,000 home for only $16
(DBN)

Neighbors Are Mad At Guy Who Got $300K House For $16
(DBN)

MGIC swings to $151.7 million loss for 2Q on higher insurance claims
(DBN)

$105M secured in Levitt bankruptcy case
(DBN)

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Baseball:

Bankruptcy Trustee Blasts Dodgers' Fee Payment To Highbridge
(DBN)

Creditors concerned about Frank McCourt's financing plan
(DBN)

Dodgers: Selig Targets LA Team as Fans Die Elsewhere
(DBN)

Frank McCourt's attorneys argue against accepting MLB financing
(DBN)

Dodgers owner: Proposed MLB loan "deal with the devil"
(DBN)

Dodgers' creditors want MLB finance plan
(DBN)

L.A. Dodgers Allege Major League Baseball Cutting Team's Access to Funds
(DBN)

Frank McCourt's Money Man, Kevin Griffin, Stands To Cash In On Dodger Bankruptcy
(DBN)

Dodgers Hope to Exit Bankruptcy by Year End After TV Deal
(DBN)

The Wrigley Field Rooftop Club That's Facing Foreclosure
(DBN)

______________

Telecoms:

NextWave heads toward bankruptcy despite a spectrum goldmine
(DBN)

Judge approves $8m sale of Cordia to rival telecom provider
(DBN)

______________

Retailing:

Books-A-Million in talks on Borders stores-sources
(DBN)

Borders to shut down remaining 399 stores
(DBN)

It's Official: Borders Long Goodbye Over
(DBN)

RIP Borders: Who Is Liquidating the Company?
(DBN)

Borders' Landlords and Creditors, Kobo Object to Bankruptcy Liquidation
(DBN)

Borders President Explains Liquidation
(DBN)

______________

Municipalities:

Central Falls, Rhode Island Teeters Towards Bankruptcy
(DBN)

C. Falls mess 'could push the state itself to the brink'
(DBN)

Central Falls Leads the Municipal Field
(DBN)

Defunct planning council faces bankruptcy
(DBN)

Many states celebrate surpluses as Congress struggles with debt
(DBN)

Western states lag in recovery
(DBN)

Cash-Strapped Texas District Considers Charging Students To Ride School Bus
(DBN)

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Fraud:

Madoff crusader may have met his Waterloo
(DBN)

Madoff victim advocates question dispersal
(DBN)

Chinese cos. can't get D&O
(DBN)

Houston-area basketball booster found dead days after SEC questioning
(DBN)

Hedge fund rejects claims of WaMu insider trading
(DBN)

Mark Cuban loses a defense in SEC insider suit
(DBN)

Galleon Prosecutor Set for Closure as Rajaratnam, Chiesi Face Sentencing
(DBN)

Ex-Galleon Fund Manager Cardillo Ordered to Pay $68,000 in SEC Suit
(DBN)

U.S. man gets 22 years in Ponzi case targeting Jews
(DBN)

Walter Noel’s Daughter Apparently Failed To Get Bernie Madoff’s Advice On How To Run A Scam For Years Without Anyone Catching On
(DBN)

______________

IP:

Court Delays Hearing Into Whether Blockbuster Canada Can Keep Rights To Name
(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)

______________

Bankruptcy Statistics:

Business Bankruptcies: Filings Down, but Workload Isn't
(DBN)

Rising number of Utah bankruptcies bucks US trend
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Mass Torts:

Other People’s Money (Part I)
(DBN)

Spillionaires Revisited: Gov't Official's Associates Got Big Contracts After the BP Oil Spill
(DBN)

______________

Miscellaneous:

Rochelle on Ambac and L.A. Dodgers Bankruptcies
(DBN)

______________

Orchestras:

Orchestra, in bankruptcy petition, seeks lower rent
(DBN)

Players' request to see books is resisted
(DBN)

______________

Celebs:

Bankruptcy judge rejects trustee for Eva Longoria's Beso
(DBN)

Desperate Housewife's Club Denies Desperate Situation
(DBN)

______________

Health Care:

18 US veterans commit suicide every day
(DBN)

______________

Glass:

Vitro May Get Ruling from US Judge by Next Week on Bankruptcy Protection
(DBN)

______________

Bankruptcy Crimes:

Robert J. Freeman pleads guilty to obstructing bankruptcy court proceedings
(DBN)

______________

Aviation:

24 Small Towns May Lose Air Service
(DBN - NY Times - Paywall Limit Possible)

______________

Banking:

BofA Reports $9.1 Bln Loss in 2Q on Settlement
(DBN - NY Times - Paywall Limit Possible)

Bank Of America May Need $50 Billion In Fresh Capital
(DBN)

BofA chief Moynihan may have to unload assets
(DBN)

FSB sees haircuts for creditors of resolved banks
(DBN)

Factbox: Insider-trading allegations in WaMu bankruptcy
(DBN)

______________

Management:

Shutting Down a Business Tests Your Leadership
(DBN)

______________

Litigation:

Advisen Releases Second Quarter 2011 Corporate and Securities Litigation Report
(DBN)

______________

Cross-Border:

Tokio Marine Europe Insurance files for Chapter 15 bankruptcy
(DBN)

______________

Sovereigns:

Sovereign Debt And Geriatric Deadbeats
(DBN)

______________

UK:

Cameron Calls In Parliament as Hacking Scandal Grows
(DBN - NY Times - Paywall Limit Possible)

Phone hacking: What's it all about?
(DBN)

Will lawmakers draw blood from Murdoch?
(DBN)

The Politics of Murdoch
(DBN)

News Corp. at 50% Discount Shows Diminishing Murdoch
(DBN)

Murdoch's (WSJ) editorial shows stunning lack of class
(DBN)

The Wall Street Journal Careens off the Rails
(DBN)

Catcalls Greet Wall Street Journal's Phone-Hacking Editorial
(DBN)

How will Murdoch's U.S. empire fare?
(DBN)

Murdoch’s Board Stands By as Scandal Widens
(DBN - NY Times - Paywall Limit Possible)

Phone hacking: timeline of a scandal
(DBN)

Murdoch Aides Long Tried to Blunt Scandal Over Hacking
(DBN - NY Times - Paywall Limit Possible)

Murdoch's Empire Is Collapsing: What Is Next?
(DBN)

News Corp.'s Phone-Hacking Scandal: Photo Gallery
(DBN)

Wolff Sees Rupert Murdoch Exiting News Corp. CEO Post
(DBN)

Everyone Who's Been Arrested or Quit in the News Corp. Scandal
(DBN)

Britain's 'fuel poverty' rises to 5.5M
(DBN)

Appointment of Administrators - 18 July 2011
(DBN)

Winding Up Petitions - 18 July 2011
(DBN)

______________

EU:

No consensus as Europe limps toward Greece summit
(DBN)

Under pressure, eurozone rushes to end Greek debt discord
(DBN)

Larry Summers's inadequate plan for Europe
(DBN)

Ben Bernanke could teach the EU a thing or two
(DBN)

Stress Tests Fail to Calm Markets
(DBN)

Why the European Stress Tests Are a Farce
(DBN)

Roubini On Europe’s ‘Last Stand’: Don’t Fear A Greek Debt Restructuring And A Selective Default
(DBN)

Deutsche Bank, SocGen, RBS Face Pressure to Boost Funds After Stress Tests
(DBN)

All Of Europe Is Like One Big Lehman
(DBN)

European banks see debt threat in U.S. as well as at home
(DBN)

______________

PIIGS:

Merkel: Greek Default Not Goal, But Investors Must Contribute
(DBN)

Euro Zone Sees 3 Options For Private Role in Greece
(DBN)

EU Struggles to Convince on Greek Deal
(DBN)

German opposition urges Greek debt restructuring
(DBN)

FinMin rejects selective default scenario
(DBN)

Ditching Euro No Option for Greeks With History of Hardship
(DBN)

More stress for Spanish banks
(DBN)

Spanish Bank Bad Loans Hit 16 -Year High
(DBN)

Italy sell-off deepens on debt worries
(DBN)

______________

Canada:

Toronto has hottest Canadian economy, report finds
(DBN)

Canadian bankruptcies fall in May
(DBN)

______________

Germany:

Hypo Real Estate aid cleared by European Commission
(DBN)

Economic Sentiment Plunges In Germany
(DBN)

______________

China:

How to Marry Rich in China
(DBN)

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Copyright 2011