July 5, 2011

The Daily Bankruptcy News

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Law:

O’Melveny Prepared For A Leadership Fight?
(DBN)

Clifford Chance results: revenues up 2% as PEP creeps back above £1m with 8% hike
(DBN)

Clifford Chance star associate resigns in wake of funds team exit to Weil Gotshal
(DBN)

A Billion Dollar Blunder? Biggest Legal Malpractice Case In American History?
(DBN)

McDermott Will & Emery Wins E-discovery Blunder of the Week
(DBN)

How discovery rules enrich the legal profession at the expense of the social good
(DBN)

Top Encryption Techniques for Lawyers
(DBN)

ABA Ethics Panel Strikes Sensible Balance on Online Marketing
(DBN)

A Dallas Lawyer’s Social Contacts With Arbitrator Prove Costly
(DBN)

Pro Bono: Choppy Waters
(DBN)

Pro Bono BigLaw Rankings: 2011
(DBN)

Open letter to a ‘could have been’ summer intern
(DBN)

‘Two Cheers for Hourly Billing,’ General Counsel Writes
(DBN)

Lawyer Known as Patron Saint of Hopeless Cases Is Representing Whitey Bulger
(DBN)

Strauss-Kahn, Bank of America, Touradji, Sabre, Australia in Court News
(DBN)

Consumers Finally Figure Out That Law School is Overrated
(DBN)

UNLV law dean: Goal is to be a significant regional player
(DBN)

Lawyer to Judge: I Swear My Browser Ate My Homework
(DBN)

George Washington saved America's Constitution
(DBN)

Patriotic use of Fourth of July apparel violates the U.S. Flag Code
(DBN)

Spectator at Casey Anthony Trial Jailed for Six Days for Giving Prosecutor the Finger
(DBN)

Grisly Scene Developing At Mercer Law School
(DBN)

The Most Unusual Criminal Gang Ever?
(DBN)

Section 1983 Does Not Protect Bismarck's Descendants!
(DBN)

Two Attorney-Members at Odds Over Motorcycle Club's Name and Logo
(DBN)

Casey Anthony Trial: Closing Arguments, Competing Fantasies
(DBN)

Parents Arrange Catfight Between Warring Teen Daughters, Upload Video to YouTube
(DBN)

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Judges:

Bankruptcy Court Judge Paul Glenn: Economy improving 'slowly'
(DBN)

Supreme Court Gives Corporations a Few Tricks
(DBN)

A Supreme Court Dissenter Becomes a Big Winner
(DBN)

Justices’ Ethical Judgments Weaken Supreme Court’s Reputation, Says NYT Editorial
(DBN)

Justice Ginsburg's future plans closely watched
(DBN)

Sandra Day O’Connor: How America Would Be Different If She Were Still On The Supreme Court
(DBN)

The Supreme Court shows corporate America how to screw over its customers and employees without breaking the law
(DBN)

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Wall Street:

Stocks to Open Slightly Higher After Holiday Weekend
(DBN)

European Stocks Advance for Sixth Day After Greek Aid Approval
(DBN)

U.S. Stocks Surge Most Since July 2009 on Greece, Manufacturing Report
(DBN)

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Layoffs:

BMW Layoffs: Evisceration of the Middle Class
(DBN)

Exodus of Detroit plant jobs continues with American Axle
(DBN)

"RIF" Carnage Is Back On Wall Street
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Layoffs:

Transocean: No Apologies Over Gulf Oil Spill
(DBN)

______________

Health Care:

Quincy hospital says it is bankrupt
(DBN)

Quincy Medical Center's road to bankruptcy traces to 1980s
(DBN)

Hospital CEO pay has some ill at ease
(DBN)

Bankruptcy hearing for Clarksville hospital delayed
(DBN)

Math in Health Care Reform Doesn't Add Up
(DBN)

End-of-Life Warning at $618,616 Makes Me Wonder Was It Worth It
(DBN)

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Education:

Lambuth University Files Ch. 11 Bankruptcy
(DBN)

TiZA kids seek new schools
(DBN)

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Bankruptcy Crimes:

Tucson: Mayoral Quasi-Candidate Marshall Home Arrested for Bankruptcy Fraud
(DBN)

Home loses suit vs. Dems, faces federal fraud charges
(DBN)

______________

Corporate Reform:

Elizabeth Warren: an agency builder, but not yet its leader
(DBN)

The Politics of the Durbin Rulemaking
(DBN)

New York AG Subpoenas BofA CEO, Others
(DBN)

Elizabeth Warren, Consumer Financial Protection Bureau: Elizabeth Warren gets huge welcome at Baltimore town hall meeting, standing ovation
(DBN)

Bruce Berkowitz Is Under Investigation By The SEC
(DBN)

______________

Autos:

Ford, UAW talks unlikely to be a smooth ride
(DBN)

The Bigger Implications from the Think Bankruptcy
(DBN)

______________

Food/Beverage:

Report: Denny's, Wendy's and Domino's among restaurants in danger of bankruptcy
(DBN)

______________

Theater:

Other cultural groups pitch in for Florida Stage subscribers
(DBN)

______________

Compensation:

We Knew They Got Raises. But This?
(DBN)

______________

Tax:

The Unconscionable Tax Break Given To Hedge Fund Managers
(DBN)

______________

Aviation:

2000-2010: The Decline Of The U.S. Airline Industry
(DBN)

______________

Oil/Gas:

Oil Stockpiles: Obama's Not-So-Magic Pill
(DBN)

The World Will Never Run Out Of Oil
(DBN)

______________

Retailing:

Sale plan could signal Borders' shift to digital
(DBN)

______________

Economy:

100 great things about America
(DBN)

On Independence Day 2011, we're more dependent than ever
(DBN)

Inside the Disappointing U.S. Recovery
(DBN)

The United States of gloom
(DBN)

Profits Thrive in Weak Recovery
(DBN)

White House Says Stimulus Saved As Many As 3.6 Million Jobs
(DBN)

Economists: ‘Stimulus’ Has Cost $278,000 per Job
(DBN)

Treasury's Acting Restructuring Chief to Depart
(DBN)

GOP Senators: Deal May Include More Revenue
(DBN)

Republicans May Take 'Mini' Debt-Ceiling Deal
(DBN)

Obama: Nothing is Off-Limits in Budget
(DBN)

Obama May Endorse Steep Medicare And Medicaid Cuts To Raise Debt Ceiling
(DBN)

Deficit Talks Focus on Taxes
(DBN)

10 Things You Need To Know About The Debt Ceiling
(DBN)

What failure to raise the debt ceiling will look like
(DBN)

Global Factory Growth Fades
(DBN)

Munger Says Bankers' 'Megalomania, Insanity' Fueled Bubble
(DBN)

Tim Geithner Owns the Economy, Too
(DBN)

Pursuit of Happiness Gets More Difficult
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Judge OK's Dancing Bear foreclosure sale
(DBN)

Servicers write down principal on nearly 5,000 HAMP modifications
(DBN)

Wells Fargo private mods outnumber HAMP 5 to 1
(DBN)

Debunking the Foreclosure-to-Apartment Assumption
(DBN)

Little Help From Government for ‘Underwater’ Homeowners
(DBN)

Principal Reductions for some Option ARMs
(DBN)

Administration scorecard shows delinquent mortgages down 22% in May
(DBN)

Median sales price rises for luxury Manhattan condos
(DBN)

Chicago's Loftiest Foreclosure —and Possibly the World's
(DBN)

Would-be condo vultures find earlier birds have bought up vacant condos
(DBN)

Commercial-mortgage backed securities could lead to bankruptcy for JER Investors Trust
(DBN)

Appeals Court bans depositions on YouTube
(DBN)

Builder Lennar Bulldozes Forlorn, Empty Homes
(DBN)

Special servicers: The back-office power brokers of commercial real estate
(DBN)

CRE Taking Less of Toll on Nations' Banks
(DBN)

_____________

Finance:

Big Banks Easing Terms on Loans Deemed as Risks
(DBN)

______________

Banking:

Big settlement won't be the last
(DBN)

A Template for MBS Settlements and How Safety-and-Soundness Regulation Is Incompatible with Law Enforcement
(DBN)

Washington Mutual settles class-action suit for $208.5 million
(DBN)

BoA Settlement and Servicing
(DBN)

Banks Hoard Cash & Securities, While Loans Contract
(DBN)

The Swindler and the Home Loans
(DBN)

Paul Hastings: News: Paul Hastings Advises American Home Bank
(DBN)

Wire Transfer Fees
(DBN)

More big banks to face job cuts
(DBN)

______________

Fraud:

Mets owners Fred Wilpon, Saul Katz, Sterling Equities get Madoff suit moved from bankruptcy court
(DBN)

Mets Owners May Not Have Had Duty to Probe Madoff Fraud, U.S. Judge Says
(DBN)

______________

Insurance:

Court says MBIA insurers must cover costs from accounting probes
(DBN)

______________

Municipalities:

Pennsylvania Legislature takes bankruptcy off the table for Harrisburg
(DBN)

Getting Trashed - Harrisburg's good intentions turned it into a pro bono client
(DBN)

Gov. Tom Corbett's top lawyer's advocacy of bill to force Act 47 on Harrisburg raises conflict-of-interest question
(DBN)

As painful as it is, Act 47 beats bankruptcy for Harrisburg
(DBN)

Jefferson County and creditors need to do everything they can to come away with a deal
(DBN)

Federal judge to decide if Boise County can declare bankruptcy
(DBN)

Day 4: Minnesota Shutdown
(DBN)

Minnesotans frustrated, angry over state government shutdown
(DBN)

CA: Poor Just Got Poorer
(DBN)

______________

Baseball:

Double Take 'Toons: Dem Bums?
(DBN)

Baseball fans' dreams fade as saga of Dodgers owner's high life comes to court
(DBN)

Worst owner in sports? It isn't even close
(DBN)

TV's Supporting Role in Dodgers' Drama
(DBN)

Law vs. Baseball Law
(DBN)

______________

Lehman:

Lehman says new bankruptcy plan gets wider support
(DBN)

Poll: Dodd-Frank Wouldn't Have Helped Lehman Creditors
(DBN)

Bank of America Says $500 Million Lehman Order Was Error
(DBN)

Haggling Over Lehman Bonds Makes Paulson $550 Million Richer
(DBN)

______________

Celebs:

Tobey Maguire Resists Trustee's Move to Collect Poker Money
(DBN)

Sonja Morgan May Lose Her Home in Divorce Battle
(DBN)

'Octomom' Nadya Suleman Contemplates Suicide, Wishes She Never Had Children
(DBN)

______________

IP:

Apple takes patent wars seriously. Google not so much.
(DBN)

Easy as pi: how Google bid against Apple and Microsoft for patents
(DBN)

Pricey Nortel IP shows fear of Google's Android
(DBN)

Microsoft, RIM And Partners Mum On Plans For Nortel Patents
(DBN)

______________

Religion:

New life for the Crystal Cathedral
(DBN)

Crystal Cathedral Founder Voted Off Church Board
(DBN)

______________

Consultants:

Centerview Hires 2 Bankers to Start Restructuring Team
(DBN - NY Times - Paywall Limit Possible)

Meet Centerview's New Restructuring Mavens
(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)

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:

Fulton Homes, Deb, Lehman, Allen, Vitro, Cadence: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Hawaii bankruptcies down 25.6% in June
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Circuit Court Sides With Secured Lender — Holds Credit Bidding Too Important To Be Prohibited in Bankruptcy Sales, Even Those Under a Plan
(DBN)

A Shock To The Core: The Supreme Court Pries Jurisdiction Away From The Bankruptcy Courts On Counterclaims To Proofs Of Claim, And Possibly More
(DBN)

______________

Jurisdiction:

A Shock To The Core: The Supreme Court Pries Jurisdiction Away From The Bankruptcy Courts On Counterclaims To Proofs Of Claim, And Possibly More
(DBN)

______________

Litigation:

Securities Suit Filings Continue to Mount in Second Quarter
(DBN)

______________

IMF:

Strauss-Kahn Freed from House Arrest After Maid’s Credibility Questioned
(DBN)

Strauss-Kahn New York Prosecutors Probe for Answers on Next Move In Case
(DBN)

Prosecutors are about to drop the DSK charges
(DBN)

New rape charge threatens ex-IMF chief
(DBN)

Strauss-Kahn to sue attempted rape accuser
(DBN)

______________

Sovereigns:

The 10 Countries Whose Odds Of Default Just Jumped The Most
(DBN)

______________

UK:

Luxury Cars, Watches Pawned Amid Bank Lending Squeeze
(DBN)

UK service sector moves 'sideways' as job stagnation continues
(DBN)

Health Care for Elderly Should be Capped
(DBN)

TUPE transfers from insolvent companies: Secretary of State does not foot the bill if employee is dismissed post-transfer
(DBN)

Southern Crossroads: the politics of insolvency?
(DBN)

UK's largest businesses enjoy drop in insolvencies in May
(DBN)

Insolvencies in the health and social care sector are up by 49% in the first half of 2011
(DBN)

Appointment of Administrators - 4 July 2011
(DBN)

Winding Up Petitions - 4 July 2011
(DBN)

Appointment of Administrators - 1 July 2011
(DBN)

Winding Up Petitions - 1 July 2011
(DBN)

______________

EU:

A tale of two Europes
(DBN)

European Retail Sales Declined Most in More Than a Year in May
(DBN)

European Manufacturing Slowdown Darkens Outlook
(DBN)

Europe struggles with Act II of Greek debt tragedy
(DBN)

Poland knocks eurozone over aid plans
(DBN)

ECB keeps bond buy programme switched off
(DBN)

The ECB May Yet Regret Its Hawkish Stance
(DBN)

OECD's Gurria warns ECB against aggressive rate hikes
(DBN)

S&P Leaves ECB in a Tight Spot
(DBN)

Why EU Debt Crisis Will Keep Coming Back
(DBN)

'We Can't Allow a Second Lehman Brothers'
(DBN)

Germany's High Court Won't Review Economics of Greek Bailout, Judge Says
(DBN)

Partying on the Edge of the Eurozone Volcano
(DBN)

______________

PIIGS:

Euro-Area Ministers Back Greek Aid Payment, Shift Focus to Second Bailout
(DBN)

How Much is the Greek Bailout? More than You'd Think...
(DBN)

Europe Delays Full Reckoning With Greece's Debt
(DBN)

EU Rescue Effort Prompts Default Warning From S&P on Greece
(DBN)

Greece debt rollover would be classed as a default, warns S&P
(DBN)

Q&A: Greek rollover and rating agencies
(DBN)

Greece's Sisyphean rollover problem
(DBN)

One non-default Greek rating enough for ECB
(DBN)

Moody's Gives Banks Greek Debt Warning
(DBN)

The ECB Already Has A 'Plan B' In Case The Ratings Agencies Wreck The Greek Bailout
(DBN)

ECB unlikely to walk away from Greek banks
(DBN)

Germany Says Yet to Decide on Final Greek Debt Rollover Model
(DBN)

The rage of Achilles, over and over
(DBN)

German privatisation agency poor model for Greece
(DBN)

Anglo set to sue Quinn family
(DBN)

Spain Is Mucho Macho and too Big to Fail
(DBN)

Italy: Restructuring and Insolvency Handbook 2011/12
(DBN)

Italy: The Signs Keep Piling Up That It's In Trouble
(DBN)

IE: Swedish court ruling today on Quinn firm
(DBN)

______________

New Zealand:

Henderson's superyacht holiday needs explaining
(DBN)

______________

Denmark:

Several Danish lenders receive ratings cut
(DBN)

______________

Japan:

Tsunami Leaves a Legacy of Insolvency
(DBN)

______________

China:

China's Smaller Firms Face Bankruptcy Wave
(DBN)

China's problem loans looks bleaker: Moody's
(DBN)

China's Growth Could Be Cut In Half By 2014
(DBN)

______________

Australia:

US-style bankruptcy a good idea: some companies may be spared a death sentence
(DBN)

Reform of the insolvency profession
(DBN)

______________

MENA:

RBI hit by Arabian building business bankruptcy
(DBN)

______________

Russia:

Bank of Moscow Rescued in Record Bail Out
(DBN)

______________

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Copyright 2011