June 13, 2011

The Daily Bankruptcy News

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Law:

Berger Singerman Receives High Marks In The World-Famous Chambers USA 2011 Guide
(DBN)

Citi Q1 2011 Law Firm Results: A Mixed Bag
(DBN)

Can Legal Knowledge Help You Make Money in the Stock Market?
(DBN)

More O’Melveny Partner Departures Dewey get more talent? Yes.
(DBN)

O'Melveny & Myers Promotes Four Partners to Leadership Positions
(DBN)

Clifford Chance hit as four-partner London funds team exits for Weil Gotshal
(DBN)

Firm scraps special deals for one-size-fits-all pay culture
(DBN)

Lawyer of the Day: Jose Baez
(DBN)

Willie Nelson's favorite lawyer
(DBN)

On Aging Gracefully
(DBN)

Nine Summer Associate Don’ts
(DBN)

Is Florida Bankruptcy Bar Too "Understandably Tepid" To Represent Kevin Gleason?
(DBN)

Judge Upholds $5 Million Legal Malpractice Award
(DBN)

Meet the New Boss, Same as the Old Boss: NY BigLaw Firm Makes It Official
(DBN)

The Attributes of Winning Lawyers -- Part 2
(DBN)

BigLaw Firm Makes Second Round of Cuts on Number of Entry-Level Lawyers Hired
(DBN)

Ex-NY Associate Loses Bid for Punitives Against BigLaw Firm Over Promise of Partnership
(DBN)

Legal-claim buyers bail out lawyers and clients
(DBN)

Allegation at the University of Chicago Law School
(DBN)

From Harvard Law to Conservative Legal Stronghold
(DBN)

Decision to Hire Paul Clement to Defend Immigration Law Is Surprise to Arizona’s Attorney General
(DBN)

In Defense of Reema Bajaj
(DBN)

Legal Directory Rankings: An Alternate View
(DBN)

Practice Pointer: You Can't Sue A Current Client
(DBN)

Three Reasons Why Law Departments Don't Change Their Ways of Working With External Firms
(DBN)

Apparently, God Hates Rainbows Now
(DBN)

Consider Personal Microbranding to Set You Apart :))
(DBN)

How the iPad Can Increase Lawyers' Productivity
(DBN)

Ten Tips to Enhance iPad Security
(DBN)

ABA Legal Ed Section to Discuss More Detailed Reporting of Post-Law School Jobs, Salary Data
(DBN)

Woman: Ken Kratz shouldn't get civil immunity
(DBN)

Saudi Arabia on the Hudson: NYPD Officer Stopped Cyclist For Wearing Skirt
(DBN)

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Judges:

Bankruptcy judge reappointed
(DBN)

Buchanan named US bankruptcy judge
(DBN)

Bankruptcy court needs new quarters
(DBN)

Eight Ways Technology Can Alleviate Judicial Budget Cuts
(DBN)

Creditors say judge owes them millions
(DBN)

Why Michiganders have lost faith in judges' impartiality
(DBN)

State Supreme Court justice says clothing ad a surprise, asks designer to stop using her image
(DBN)

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Wall Street:

U.S. Stock-Index Futures Little Changed
(DBN)

Stocks Swoon, Worry Rises
(DBN)

Stocks Down for 6th Week, Dow Below 12000
(DBN)

Wall Street Slide Turns Nasdaq Negative for Year
(DBN)

Here It Comes: Wall Street’s Summer of Pain
(DBN)

Goldman served first again? Maybe not
(DBN)

Wall Street braces for layoffs as trading slows
(DBN)

Taibbi Blasts Sorkin for Goldman Defense
(DBN)

______________

Layoffs:

Broader Unemployment Rates, by State
(DBN)

US: High Unemployment to Last for Years
(DBN)

Sluggish Hiring Seen as a Threat to Recovery
(DBN)

Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
(DBN)

Three Jobs Scenarios: Which Is Most Likely?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Oil/Gas:

Oil Falls Most in Four Weeks on Saudi Arabia's Plan to Increase Production
(DBN)

Saudi Electricity Head: Out of Oil by 2030
(DBN)

Managers' bets oil higher fall to lowest since Feb
(DBN)

______________

Autos:

Ford Loses $2 Billion Judgment to Commercial Truck Dealers, Law Firm Says
(DBN)

Saab Automobile Owner Spyker Sells 30% Stake to China's Youngman
(DBN)

Honda output to fall to 3.4 mln vehicles
(DBN)

______________

Aviation:

Bankruptcy trustees for Pace Airlines seek payment
(DBN)

EasyJet pilots accept pay deal as CEO apologizes
(DBN)

Ownership of Frontier Airlines to change under pilot deal
(DBN)

Two airlines fail to pay Viet Nam fuel bills
(DBN)

Kampars blasts airBaltic
(DBN)

Bosnia's B&H Airlines should either declare bankruptcy or urgently receive a cash injection
(DBN)

Spain still hopes to tame its white-elephant airports
(DBN)

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Tech:

Xanadoo, 4G Internet Provider, Seeks Bankruptcy Protection
(DBN)

TechDyne, LLC Files for Chapter 11 Bankruptcy Protection in Arizona
(DBN)

Emerging Epicenters of High Tech Industry
(DBN)

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Bankruptcy Crimes:

ID thief found guilty of bankruptcy fraud
(DBN)

______________

Personal Finance:

The Financial Mistakes Newlyweds Make
(DBN)

Average Household Still Needs to Trim $26,172 in Debt
(DBN)

______________

Tax:

'Cat Lady' Beats IRS In Court
(DBN)

______________

Finance:

U.S. bank business loans up $7.4B in latest week
(DBN)

Loans to Small Businesses Emerge for First Time Since Lehman
(DBN)

Borrowing by households and businesses
(DBN)

______________

Corporate Governance:

CEO pay draws scrutiny at Chesapeake meeting
(DBN)

______________

DOMA:

Butte couple challenge federal marriage act in bankruptcy
(DBN)

______________

IP:

Contenders to Line Up for Nortel Patents
(DBN)

______________

Pensions:

PBGC premium proposal booed by business groups
(DBN)

______________

Orchestras:

Musicians, symphony reach early three-year contract - "sends a message to many orchestras around the country"
(DBN)

______________

Hollywood:

Is Hollywood in Trouble That's Lehman Brothers-Deep?
(DBN)

______________

Debt Collection:

As harassing phone calls from collectors rise, so do lawsuits by borrowers
(DBN)

Debt Collectors Ask to Be Paid a Little Respect
(DBN)

______________

Economy:

Creditor Friendly Policies Hurt the Economy
(DBN)

Rule By Rentiers (Déjà vu Edition)
(DBN)

Most Americans 'won't be able to retire until their 80s'
(DBN)

Where Did All of the QE2 Money Go?
(DBN)

Explaining Where All The QE2 Money Went
(DBN)

U.S. Lawmakers Say Agreement on Cutting Debt Would Boost Flagging Economy
(DBN)

Fed to expand capital plan program
(DBN)

QE2 sellers bought agencies, corporates
(DBN)

Fed's Hoenig has no interest in zero interest
(DBN)

Risks to recovery have increased: Fed's Dudley
(DBN)

Fed's Dudley: Growth Will Be "Painfully Slow" for Many
(DBN)

US Will Trail Global Growth for Decade: Fink
(DBN)

Economic data may be as grim as bad summer movie
(DBN)

U.S. government runs $58 bln May budget deficit, down 50% YTY
(DBN)

Buffett Lunch Auction Raises Record $2.63 Million for Charity
(DBN)

Pawlenty Calls His Economic Plan a 'Stretch'
(DBN)

Obama on Government's Partnership With Business
(DBN)

Huntsman: Obama economy has 'failed'
(DBN)

Obama: Recovery to Take a Very Long Time
(DBN)

American Bankruptcy vs. Insolvency
(DBN)

US banks prepare to lower use of Treasuries
(DBN)

Hillary Clinton says not pursuing World Bank post
(DBN)

Ben to Jamie: STFU
(DBN)

Dimon or Geithner?
(DBN)

Why The Economic Crisis Might Only Be At The Half-Way Mark
(DBN)

Roubini Says ‘Perfect Storm’ May Threaten Global Economy
(DBN)

If War Is Too Important To Be Left To The Generals, Isn't Economic Policy Too Important To Be Left To Economists?
(DBN)

Man finds $17,000 in cash on sidewalk, gives it back
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

JPMorgan Forecasts Another Drop in Home Prices
(DBN)

Existing Home Inventory: Data for 54 Metro Areas
(DBN)

Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization
(DBN)

Two States Ask if Paperwork in Mortgage Bundling Was Complete
(DBN)

Treasury: Government presence in housing 'neither sustainable nor desirable'
(DBN)

Fitch downgrades ratings on 9 mortgage servicers
(DBN)

RealtyPartner CEO Says The Worst Is Not Over Yet
(DBN)

A Critic's Take on the Mortgage Modification Program
(DBN - NY Times - Paywall Limit Possible)

Court allows some Mortgages, Ltd. claims against Greenberg to proceed
(DBN)

In Michigan Case, Securities Trip Up Foreclosure
(DBN)

California Bankruptcy Court Judge Edward Jellen Says Repeatedly He Doesn’t Care if the Creditor Asking to be Paid is Really Owed the Money
(DBN)

The New Miami Condo Market: Goodbye Investors?
(DBN)

Buyers Rough It In Condo Tower Left Unfinished
(DBN)
w

On Helens Pouroff Ave., escaping home crisis
(DBN)

Squatter Nation: 5 years with no mortgage payment
(DBN)

Home sellers court risks with last-resort loans
(DBN)

Atlanta foreclosure notices fall in June to lowest level in 30 months
(DBN)

Fewer are underwater
(DBN)

Some want AHF trustee ousted
(DBN)

Slump in construction industry creates a Sheetrock ghost town
(DBN)

Real estate datapoint of the day, Bill Gross edition
(DBN)

Tom Barrack: Real Estate ‘Falling Off the Wagon Once Again’
(DBN)

Wells Fargo Disputes Treasury Sanctions on HAMP
(DBN)

Internet scams send renters to owner-occupied homes
(DBN)

Idaho developer now wanted by judge
(DBN)

Small signs of hope in real-estate market gloom
(DBN)

Real-estate scam hurts home prices
(DBN)

Freddie Mac: Very low Cash-Out Refinance Activity
(DBN)

Park East developer files for bankruptcy on separate Chicago project
(DBN)

Developers lose luxury Saguaro Ranch
(DBN)

Percentage of CMBS loans paid at maturity falls
(DBN)

Your Home Priced In Gold Has Declined 80% Since 2001
(DBN)

_____________

Banking:

Fed wants yearly capital plans from 35 biggest banks
(DBN)

Major Banks Likely To Get Reprieve On New Capital Rules
(DBN)

Big banks may need Fed OK for dividends, buybacks
(DBN)

Fed proposes US bank stress test expansion
(DBN)

"Hipster" Investor Gives Gallant Courtroom Finger To Hedge Funds
(DBN)

Nate Thoma Battles Hedge Funds
(DBN)

Obama taps Gruenberg to head FDIC
(DBN)

HSBC: 40% of retail businesses underperforming
(DBN)

Regions Financial probes executives on bad loans
(DBN)

New York, Delaware Probe Banks’ Paperwork in Mortgage Bundling
(DBN)

______________

Financial Privacy:

Latest data breach strikes at financial security
(DBN)

______________

Food/Beverage:

Giordano's strange journey in bankruptcy
(DBN)

TransPecos Bankruptcy Illuminates Deep-Fried Distress
(DBN)

USA Springs proposes new borrowing plan
(DBN)

______________

Municipalities:

Jefferson County tax bill dies in Alabama senate
(DBN)

Jefferson County closer to bankruptcy
(DBN)

Commissioners eyeing bankruptcy , cutting jobs
(DBN)

Pa. court rules against Harrisburg on debt lawsuit
(DBN)

Pontiac Emergency Financial Manager: Bankruptcy Possible
(DBN)

Reno dug itself into hole with $373 million in bonds
(DBN)

Vallejo council goes to work on lean budget
(DBN)

Signs of recovery for Michigan's economy
(DBN)

Cash-strapped states considering online lottery sales
(DBN)

RI lawmakers mull changes to municipal receivership law
(DBN)

Cleveland Schools Ask For $32 Million Loan
(DBN)

Hedge Funds Buying Municipal Bonds Stalk New Yankee Stadium Parking Lots
(DBN)

Muni bonds unsettled by Lehman move
(DBN)

______________

Resorts:

E-mails focus of resort's bankruptcy hearing
(DBN)

______________

Utilities:

Calpine Asks Court To Approve $110M Settlement
(DBN)

______________

Education:

Subprime Education
(DBN - NY Times - Paywall Limit Possible)

______________

Celebs:

Alexis Bellino Battles Foreclosure Claims, Jim Bellino Insults
(DBN)

Sarah Ferguson 'continually on verge of bankruptcy '
(DBN)

'Octomom' cancels bikini car wash planned to raise funds to avoid foreclosure
(DBN)

______________

Hotels:

Hotels: Occupancy Rate increases 2.5 percent compared to same week in 2010
(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)

______________

Bankruptcy Statistics:

Businesses going broke on decline
(DBN)

Business Bankruptcies Fell 18 % in May But Trend Might Not Hold
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Could the bankruptcy code handle the wind down of financial institutions better than new regulations can?
(DBN)

______________

Bankruptcy Poetry:

Yankees/Red Sox Series
(DBN)

Summer in the City
(DBN)

______________

Fraud:

Mets owners to tell judge in hearing Bernie Madoff suit should be moved to U.S. District Court
(DBN)
w

Madoff Fraud Case Against New York Mets Owners Gets July 1 Court Hearing
(DBN)

SEC may pursue fraud case against Goldman's Tourre
(DBN)

Top TBW execs sentenced in $2.9 billion mortgage fraud scheme
(DBN)

Attorney Blames Self for Vaughan's Money Problems
(DBN)

______________

Credit/Debit Cards:

Fitch: Credit-card charge-offs fall in May
(DBN)

What you need to know about swipe fee changes
(DBN)

Still Not Working Abroad
(DBN)

HSBC says will run down US card business if buyer not found
(DBN)

Let Free Markets Rule, and Banks Win, on Debit-Card Fees
(DBN)

______________

Financial Literacy:

Declining Cognitive Ability Presents Challenges to Boomer Finances
(DBN)

______________

Retailing:

Borders Gets Reprieve on Closure of 6 Stores
(DBN)

______________

Corporate Reform:

Raj Date is top contender for CFPB director job: congressional source
(DBN)

Ex-Ohio AG to play role in new agency
(DBN)

Financial-Industry Groups Urge Delay of US Resolution Rules
(DBN)

GOP Senators Weigh Fresh Angles to Rein In Dodd-Frank
(DBN)

Too Big to Fail, or Too Trifling for Oversight?
(DBN)

______________

Lehman:

Goldman joins disclosure fight over Lehman claims
(DBN)

Rattled by Lehman - again
(DBN)

______________

Accounting:

$100 Million Claim Against Deloitte & Touche
(DBN)

Confirmed: There Is a Shortage of Good Accountants
(DBN)

Ernst & Young Didn't Appreciate the Threat of ‘Action’ By Audit Client Who Wanted Rubber-Stamped Financial Statements
(DBN)

______________

Student Debt:

Don't Count on Settling Those Student Loans
(DBN)

What Student Loan Settlements Really Look Like
(DBN)

______________

Asset Protection:

The Use and Abuse of Domestic Asset Protection Trusts
(DBN)

______________

Movies:

Ben Stein's 'Expelled' To Be Auctioned as Premise Media Faces Bankruptcy
(DBN)

______________

IMF:

IMF Computers Said to Be Targeted in State-Based Cyber-Attack
(DBN)

Slim chance Fischer will win IMF bid
(DBN)

Why Fischer’s IMF candidacy is a non-starter
(DBN)

Lagarde Favored Over Carstens for IMF's Top Post as Nomination Period Ends
(DBN)

Carstens plays ‘economist’ card in IMF leadership race
(DBN)

______________

UK:

1,500 BBC News Jobs at Risk
(DBN)

Lloyds set to cut another 15,000 jobs
(DBN)

US tax reforms could cost UK banks billions
(DBN)

DLA Piper and BLP act on final White Tower sale
(DBN)

Nowhere else to go: Haldanes calls in administrators
(DBN)

Rushden & Diamonds expelled from Football Conference following financial troubles
(DBN)

What happened to Rushden should be a warning
(DBN)

RBS staff retirement homes may be closed
(DBN)

Southern Cross Says No Decision To Shut Homes
(DBN)

Barings Fund Chairman Duckworth to be U.K. Serious Fraud Office Director
(DBN)

Banks Set To Hit Merlin Lending Targets
(DBN)

Appointment of Administrators - 10 June 2011
(DBN)

Winding Up Petitions - 10 June 2011
(DBN)

______________

EU:

Euro Drops for First Time in Month on a Reduced ECB Interest Rate Outlook
(DBN)

Why some Greek bonds might be worth more than others
(DBN)

Europe's most powerful banker
(DBN)

Bundesbank Chief Says Euro Can Weather Greek Default as Governments Haggle
(DBN)

Merkel Warns Against Inaction in Debt Crisis
(DBN)

Greece costing ECB its credibility, independence
(DBN)

______________

Germany:

Merkel Says German GDP Growth Likely to Exceed 3% This Year
(DBN)

______________

PIGS:

Germany and ECB disagree over Greece
(DBN)

ECB and Germany May Be Forced to Compromise
(DBN)

Something Is Wrong In Greece
(DBN)

Greek Bailout Bondholder Role Needs ECB Assent
(DBN)

Schaeuble 'Insists' the Private Sector Share Greek Aid in Clash With ECB
(DBN)

Record IMF Greek Lending May Intensify Favoritism Concerns
(DBN)

Juncker: Greece Needs 'Soft' Debt Restructuring
(DBN)

In Greece, Some See a New Lehman
(DBN)

Spain banks too reliant on foreign financing
(DBN)

Portuguese, Spanish Bonds Fall on Debt Concern
(DBN)

______________

MENA:

Dozens Claimed Dead in Misrata Fighting
(DBN)

In $22 billion Saudi feud, who knew what? - Banks contest charges that massive losses were work of rogue in-law
(DBN)

______________

Japan:

TEPCO starts ventilating No. 2 reactor
(DBN)

Japan Power Crunch Widens
(DBN)

Insolvency stares straight at Japan's biggest utility
(DBN)

Japan retail fund value falls first time in 7 months
(DBN)

Is Biggest Short Sale Hiding in Plain Sight?
(DBN)

Japan’s Machinery Orders Drop 3.3% in Sign Companies Are Paring Spending
(DBN)

______________

China:

Roubini sees " meaningful probability " of China hard landing
(DBN)

China Lending Tumbles on Slowing Economy
(DBN)

______________

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Copyright 2011