June 17, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Cahill Gives Out ‘Mid-Year’ Bonuses
(DBN)

London lateral hiring by international firms grew 41% in 2010
(DBN)

Florida Bar investigates law firm's errors in bankruptcy case
(DBN)

In-House: The Other Side Of Paradise?
(DBN)

Small Firms: Salary Survey Results
(DBN)

Allen & Overy faces fresh claim from fiction-writing former associate
(DBN)

How Can a Lawyer ‘Settle’ for the Only Job He Can Get?
(DBN)

The new capitals of law
(DBN)

Lawyers and Love: This Could Get Gross
(DBN)

What's Hot and What's Not in Business Development
(DBN)

Calling All Clients: Client Interviewing Weathers Economy
(DBN)

UK: Legal 'near-sourcing' threatens to widen status gap
(DBN)

NY Lawyer Ordered to Pay More Than $1 Million by Pair of Truly Ticked Judges
(DBN)

Revulsion Is No Basis For Lawyer to Withdraw
(DBN)

Progress for Women--If You Don't Aim Too High
(DBN)

Howrey lawyer: bankrupt energy project still is viable
(DBN)

Even at Play, Lawyers Can Be Spotted at 50 Paces
(DBN)

5 Ways to Make In-House Counsel's Job Easier in High Stakes Litigation
(DBN)

New York City Bar Rules on the Ethics of Litigation Financing
(DBN)

Most Highly Regarded Firms: Insurance & Reinsurance 2011
(DBN)

Most Highly Regarded Firms: Corporate Governance 2011
(DBN)

Most Highly Regarded Firms: Business Crime Defense 2011
(DBN)

The Value of a Paralegal Degree: Experts Weigh In
(DBN)

Alternative Legal Careers: BigLaw to Admissions to Consulting
(DBN)

Former Law Students Open Pudding Shop
(DBN)

Are law schools opening themselves to deceptive-advertising claims?
(DBN)

Is Not Getting Your Grades A Big Deal? The Georgia Bar Thinks So
(DBN)

Longtime Law Prof Denied Emeritus Status Decries ‘Petty’ and ‘Inexplicable’ Decision
(DBN)

Judges Come Down Hard on Wired Jurors
(DBN)

Five LinkedIn tips that lawyers don't know
(DBN)

Peeing Professor Is A Wanted Man
(DBN)

Dad???
(DBN)

Man sets himself on fire outside courthouse
(DBN)

Entire plane evacuated for man's refusal to pull up his baggy pants
(DBN)

Man Attacks Neighbor With a Bulldozer Over Stolen Scrap Metal
(DBN)

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Judges:

Manhattan Bankruptcy Judges 'Too Fast to Fail'
(DBN)

Justice Kagan stays alert with a little bench humor
(DBN)

A Case So Screwed Up Four Litigators and Now Even the Judge Face Disbarment
(DBN)

Ex-Judge's Law License Suspended Over Rubber Check He Gave Lawyer
(DBN)

Can Justice Be Bought?
(DBN)

Head of Delaware’s Court of Chancery hanging up robe to take job with private law firm
(DBN)

Federal judge to sanction Deters
(DBN)

Stairs in Courthouse Create Transparency Illusion, Administrator Says
(DBN)

New York judges ask for 41-percent raise, retroactive pay
(DBN)

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Wall Street:

US stock index futures mixed
(DBN)

Blame It On the Greeks
(DBN)

DJIA Flirts With Rare Seven-Week Losing Streak
(DBN)

Market Internals Crumbling
(DBN)

What Not To Do As A Wall Street Intern
(DBN)

Wall Street Braces for New Layoffs as Profits Wane
(DBN)

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Layoffs:

Unemployment applications drop, but remain high
(DBN)

Is the man-cession finally over?
(DBN)

Made in USA: Overseas jobs come home
(DBN)

Illinois unemployment climbs in May to 8.9 percent
(DBN)

9 Scary Facts About The Unemployment Crisis
(DBN)

Congressman Joins Jobless Ranks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

World's Biggest Banks Face Capital Clampdown
(DBN)

Short These US Banks If Greece Defaults
(DBN)

FDIC Accuses Colonial Of Delay Tactics In $1.5 Billion Fight
(DBN)

What if Banks Looked Like America?
(DBN)

WaMu Deal Collapses, Hedge Funds Back On Hot Seat
(DBN)

Should WaMu investors have gotten a better deal?
(DBN)

______________

RVs:

Winnebago profit falls 80%
(DBN)

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Private Equity:

Private equity battling downward return trend
(DBN)

______________

Aviation:

FAA Registration Law Does Not Preempt State UCC Where Partially Completed Airplanes Fail To Satisfy FAA Definition of "Aircraft"
(DBN)

Republic Pins Frontier Airlines' Fate to Pilot Vote on Savings
(DBN)

Corporate Jet Set: Leisure vs. Business
(DBN)

FAA Set to Give Investors Peek at M&A Air
(DBN)

______________

Celebs:

Trustee to Question Young Buck Over Concert Fees
(DBN)

The Real Housewives of New York City Recap: Debt Becomes Her ...
(DBN)

The Real Housewives of NYC: A Fate Worse Than Debt
(DBN)

Ex-Met Lenny Dykstra Pleads Not Guilty to Grand Theft, Drug Charges
(DBN)

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IP:

Auction for Nortel patents delayed amid high interest
(DBN)

Coincidence? As objections roll in, Nortel delays patent auction
(DBN)

Trademark License Agreement Defines Materiality, Effectively Establishing a Perpetual Executory Agreement Subject to Perpetual Rejection
(DBN)

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Corporate Reform:

CFPB can open without chief
(DBN)

No regulators no regulation
(DBN)

What You Need to Know About the Proposed New Liquidation Regime under Dodd-Frank
(DBN)

Top Dems Believe Warren Warming To Senate Recruitment
(DBN)

In Defense of Consumer Protection
(DBN)

U.S. Lawmakers Press Regulators on Capital, Derivatives Rules
(DBN)

_____________

Valuation:

In a Case of First Impression, the Third Circuit Holds that Discounted Cash Flow Analysis May be Used as a 'Commercially Reasonable Determinant of Value' with Respect to Repurchase Agreement Acceleration Under Section 562
(DBN)

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Finance:

Court Grants Parent Companies Standing To Sue Lender as Third-Party Beneficiaries of Loan Commitment Agreements
(DBN)

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Financial Privacy:

ADP Reveals Data Breech
(DBN)

______________

Autos:

Toyota sees output levels back on track from July
(DBN)

Saab creditors seek over $3.6 million with collection agency
(DBN)

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Golf:

Oregon golf course projects go to court
(DBN)

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Economy:

Treasurys up; 2-year yield hits record low
(DBN)

Leading Economic Indicators in U.S. Probably Increased in Sign of Rebound
(DBN)

June Philly Fed index drops into negative level
(DBN)

Greenspan Says Greece Default ‘Almost Certain,’ May Trigger U.S. Recession
(DBN)

U.S. jobless claims drop 16,000 to 414,000
(DBN)

Consumer Expectations Drop to 2 Year Low
(DBN)

Confidence Is Eroding Among Factories, Consumers
(DBN)

Debt Talks Ready for Tough Trade Offs
(DBN)

Why We're All Greeks This Week
(DBN)

Wealthy Becoming Less Optimistic on Economy
(DBN)

The Growing Desperation Of The Don't-Raise-Taxes-On-The-Rich Crowd
(DBN)

The right way to cut Medicaid costs
(DBN)

McKinseyGate
(DBN - NY Times - Paywall Limit Possible)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Housing starts still bouncing along the bottom
(DBN)

NAR May home prices drop as sellers fear a double dip
(DBN)

Wanted: 6.5 million new households to clear inventory
(DBN)

This housing crisis is not the Great Depression
(DBN)

30-year fixed-rate mortgage ticks higher to 4.50%
(DBN)

Bad news: Foreclosures are slowing down
(DBN)

Foreclosure Filings Plunge as Bank Delays Mask 'True Face' of U.S. Crisis
(DBN)

A Really Bad Decision
(DBN)

CitiMortgage paying borrowers $12,000 after a short sale
(DBN)

Do We Have a Fraud Problem? The Case of the Mysteriously Appearing Allonge
(DBN)

Jury Deadlocks in Real Estate Attorney’s Mortgage Fraud Trial
(DBN)

Bair floats combining mortgage servicer consent orders with AG settlement
(DBN)

US housing construction shows signs of life
(DBN)

Freddie Mac ready for growth in housing markets
(DBN)

REOs surge in New York and New Jersey
(DBN)

Court Vacates the Foreclosure Sale and Awards Damages, Finding that the Lender Violated the Automatic Stay by Proceeding with the Sale Where Debtor Guaranteed the Loan, but Had No Ownership Interest
(DBN)

Negative Outlook for KB Home
(DBN)

KB Home to Pay Lenders Up to $225 Million to Settle South Edge Claims
(DBN)

Judge approves SunTrust settlement in LandAmerica case
(DBN)

Banks, thrifts lower commercial mortgage debt holdings in 1Q
(DBN)

Home Builders to Settle Las Vegas Land Dispute
(DBN)

HFZ files bankruptcy-exit plan for One Madison
(DBN)

Yellowstone Club Property Sells in Bankruptcy Auction
(DBN)

Barclays and Lehman Brothers argue over apartment giant Archstone
(DBN)

_____________

Claims Trading:

Claims Trader Loses Out on Cure Payments Where Debtor's Approved Plan Permits Post-Confirmation Rejection of Executory Contracts
(DBN)

______________

Lehman:

Lehman Will Recover Up to $65 Billion for Creditors, Marsal Tells CNBC
(DBN)

Lehman Bros' Marsal: Expects Something 'Positive' Around Dec
(DBN)

______________

Telecoms:

Nortel requests rules on cash dispersal
(DBN)

Using 552(a) to Invalidate a Lender's Security Interest in Proceeds of an FCC License
(DBN)

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DOMA:

John Boehner Won't Appeal Ruling Declaring Gay Marriage Ban DOMA Unconstitutional - “Bankruptcy cases are unlikely to provide a path to the Supreme Court"
(DBN)

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Food/Beverage:

Md. state senator says Allen Foods bankruptcy filing devastating for his E. Shore district
(DBN)

17 Awesome McDonald's Dishes You Can't Buy In America
(DBN)

______________

Secured Claims:

Security Interest in FCC License and Proceeds Thereof is 'After-Acquired' Property Where No Sale Agreement Executed Pre-Petition, Wiping Out Lender's Lien
(DBN)

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Retailing:

Borders deal will avoid closing 40 stores
(DBN)

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Oil/Gas:

Energy Agency Says World Will Turn to Americas for Oil
(DBN - NY Times - Paywall Limit Possible)

IEA: $100 Oil is Threat to Growth
(DBN)

Meet the man with the power to crack down on oil speculators
(DBN)

______________

Ethanol:

Senate Backs Repeal of Ethanol Credit
(DBN)

______________

Tax:

Swiss aid in detecting tax evasion
(DBN)

Feds Seize $404 Million from Deutsche Bank
(DBN)

______________

Orchestras:

Philadelphia Orchestra Association Reports Results of First Two Weeks in Chapter 11
(DBN)

______________

Municipalities:

Some Harrisburg City Council members lean toward bankruptcy
(DBN)

Local officials worried over bill that puts 'teeth in Act 47 status'
(DBN)

Act 47 planners didn't ask Harrisburg's input
(DBN)

State Proposes Taking Over Harrisburg City
(DBN)

Chapter 9: Muniland's long road to bankruptcy
(DBN)

How North Dakota Became the Best Economy
(DBN)

10 Cities Still Getting Killed by Foreclosures
(DBN)

Jefferson County distributes layoff letters to 546 employees
(DBN)

Alabama's Biggest County Girds For Deep Civil-Servant Layoffs
(DBN)

Jefferson County lawmakers say they will try again to ban sewer fees for nonusers
(DBN)

Judge says Jefferson County, Ala. layoffs will halt criminal court cases in late June
(DBN)

Court appointed head explains recommended sewer rate increase
(DBN)

Strange files to intervene in JeffCo sewer crisis
(DBN)

CA: Jerry Brown Vetoes Democrat's Budget
(DBN)

Ex-LA Mayor Warns of Insolvency
(DBN)

Yankee Stadium’s conduit-bond boondoggle
(DBN)

______________

Food/Beverage:

Details emerge in Allen bankruptcy
(DBN)

State of Md. to Assist Workers, Businesses Affected by Allen's Bankruptcy
(DBN)

______________

Glass:

Texas judge blocks Vitro bonuses to U.S. execs
(DBN)

______________

Book Reviews:

The Fall of the House of Zeus: The Rise and Ruin of America’s Most Powerful Trial Lawyer by Curtis Wilkie
(DBN)

______________

Education:

Rags to Rags and Riches to Riches
(DBN)

______________

Finance:

Revolvers Back in Bank Lending Arsenals
(DBN)

______________

Mail:

US Postal Service Nears Collapse
(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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Court Holds that 'All Value' Must be Considered in Determining 'Reasonably Equivalent Value' in Fraudulent Transfer Case
(DBN)

______________

Claims Trading:

Madoff Claims Lure Banks
(DBN)

______________

Receiverships:

Collateral-Order Doctrine Utilized in a Case of First Impression; Court Affirms Broad Equitable Powers of a Receiver
(DBN)

______________

Executory Contracts:

What Happens When a Debtor Seeks to Reject a Right of First Refusal?
(DBN)

______________

Corporate Governance:

No D.&O. Liability Risk? Wouldn't That Be Nice
(DBN - NY Times - Paywall Limit Possible)

______________

Distressed Investing:

Biggest Distressed Debt Investor Marks Europe After 22 Years of 19% Return
(DBN)

______________

Compensation:

Investor 'Say on Pay' Is a Bust
(DBN)

______________

IMF:

Mexico's Carstens still in IMF race
(DBN)

Greek restructuring last resort: Mexico's Carstens
(DBN)

Strauss-Kahn's First Statements To The NYPD Make It Look Like He Had No Idea Why He Was Arrested
(DBN)

The DA Has Tons Of Evidence Against Dominique Strauss-Kahn
(DBN)

Dominique Strauss Kahn Tried To Use Diplomatic Immunity When He Was First Arrested
(DBN)

______________

UK:

UK: Tax Cuts Would Make Things Worse
(DBN)

R3 raises issue with Time to Pay scheme
(DBN)

UK has one of the highest tax burdens for both low and high earners
(DBN)

Millions in UK Public Sector to Work Longer for Less
(DBN)

______________

EU:

Europe bids for time in Greek bailout 'quarrel'
(DBN)

Can kicked?
(DBN)

The euro crisis: A second wave
(DBN)

Crisis in the eurozone: Where next for the euro?
(DBN)

EU asks Greece, Belgium to implement bank rules
(DBN)

ECB won't accept collateral from govts in default
(DBN)

In Greece bailout, trouble brews for Germany's Merkel
(DBN)

Germany seeks reform consensus in Athens
(DBN)

Greek Hunt for Debt ‘Holy Grail’ Pits ECB Against Naked Banks
(DBN)

Greek Bailout Leaves French Unruffled While Germany Seethes
(DBN)

Merkel: Private sector role must be voluntary
(DBN)

Ignored Greek Default Risk Makes Bank Stress Tests ‘Irrelevant’
(DBN)

______________

Canada:

Kitco to offer plan to its creditors
(DBN)

______________

PIGS:

Europeans try to calm fears over Greek crisis
(DBN)

Another Lehman weekend on deck?
(DBN)

Finding Opportunity in the Greek Crisis
(DBN)

Why a Greek default won’t ever be priced in
(DBN)

Rehn Urges Greek Cuts to Unlock Payment, Predicts Bond Deal
(DBN)

The Greek bail-out: what's going on?
(DBN)

A Whiff of Panic in the Air
(DBN)

How We Got Here: Greece on the Brink of Disastrous Default
(DBN)

Greek Leader Facing Mass Resignations
(DBN)

Greek prime minister vows to stay
(DBN)

Greek PM makes rival finance chief to shore up support
(DBN)

Greek PM reshuffles government, lenders dangle lifeline
(DBN)

Papandreou's Greek 'Odyssey' Challenged by Confidence Vote
(DBN)

Greece Bracing For More Chaos
(DBN)

Greek economy goes up in smoke
(DBN)

Greek fury over deeper cuts vote
(DBN)

Source of Greek Crisis? A Nation in Denial
(DBN)

Greece: The One That Got Away
(DBN)

Spread of Greece Crisis An Issue for All Europe, Papandreou Says
(DBN)

Greek banks: The first casualties
(DBN)

IMF continues to support Greece amid crisis
(DBN)

Banks in Behind-the-Scenes Greek Battle
(DBN)

The Greek Example - Another bailout to save the banks only delays the inevitable default
(DBN)

Why Bondholders Should Share the Burden of a Greek Bailout
(DBN)

Greece isn't priced in, and neither is Ireland
(DBN)

IE: Eircom Said to Weigh Seeking Over 1 Billion Euro Debt Writeoffs
(DBN)

Noonan Says Ireland Fears Adverse Consequences From Greece's Debt Crisis
(DBN)

Ireland Opens New Front as ECB Battles to Avert Another Meltdown
(DBN)

Ireland to seek ECB backing for bond haircuts
(DBN)

Ireland revives Anglo election pledge; ECB silent
(DBN)

Ireland has yet to raise bondholder losses with ECB
(DBN)

Irish Government to burn senior bondholders in disgraced banks
(DBN)

Ireland Seeks to Differentiate Itself From Greece
(DBN)

Irish leaders says country in strong position to make bank bondholders share losses
(DBN)

Big banks' senior debt 'will be repaid'
(DBN)

New Portuguese premier warns of "great difficulties" ahead
(DBN)

Bond vigilantes in Europe could push Spain to the brink of disaster
(DBN)

Spanish Firewall 'Illusion' in Danger
(DBN)

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Iceland:

Baugur Liquidator Demands Billions from Former Chair
(DBN)

______________

Hong Kong:

Overview of the Insolvency Regime in Hong Kong
(DBN)

HK bankruptcy petitions rise 16.2 pct in May vs April
(DBN)

______________

France:

The New Fast-Track Restructuring Procedure in French Insolvency Law: The 'Accelerated Financial Safeguard Procedure'
(DBN)

______________

Afghanistan:

A bank scandal in Afghanistan: Black holes
(DBN)

______________

Russia:

Medvedev Says State Dominance of Russian Economy Threatens Nation's Future
(DBN)

______________

China:

Corrupt Officials Took $124 Billion Out of China
(DBN)

China Doubts High; Short-Sellers Descend on Hong Kong
(DBN)

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Copyright 2011