March 1, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: Cleary Raises to Cravath Spring Bonus Scale
(DBN)

Bonus Watch: Fried Frank Grills Up Spring Bonuses
(DBN)

Shearman posts falling revenue and partner profits for 2010 financial year
(DBN)

Howrey Going to Bring This to a Close?
(DBN)

Howrey left with one London partner as Kirkland swoops
(DBN)

Slowly, a Howrey Resolution Starts to Come into Focus
(DBN)

Winston's Delicate Dance
(DBN)

Bankruptcy Attorney Joins McGuireWoods in Chicago
(DBN)

Where Lawyers Earn the Most
(DBN)

Want to Succeed in BigLaw? Sociability, Enterprise and Appearance All Help, Partner Says
(DBN)

How a Law Firm ‘Test Drive’ Put SMU Grad in an Associate’s Chair, Along With Many Classmates
(DBN)

Bar Survey Says Half of Responding Lawyers Saw Pay Cut, Nearly 20% Are Mulling Career Changes
(DBN)

Blind to the Market – A Law Firm Challenge
(DBN)

'Intentional Rightsizing' in '09 Pays Off for Firm in 2010
(DBN)

Former Sonnenschein Partner Expects $2.1M Payday After Jury Says He Deserved More for Lockerbie Work
(DBN)

Judge OKs Bankruptcy Settlement With Former Rothstein Partner
(DBN)

Simpson Thacher, Skadden Advise on Blackstone's Mall Buy
(DBN)

Former SEC Lawyer Says Ethics Counsel Allowed Madoff Work
(DBN)

Small Firms, Big Lawyers: The Secret to Finding a Small-Firm Job
(DBN)

What Firm Is Tops for Work Quality, According to General Counsel?
(DBN)

Court Battles Continue Between LI Attorney & Firm Accusing Him of Defamation
(DBN)

Everything associates didn't learn in law school
(DBN)

Partner Adds Detail to Feud with Lieff Cabraser
(DBN)

Law School Group Urges Female Students To Get in Better Shape
(DBN)

Indiana Tech explores law school
(DBN)

New UMass Law School Is Unexpected Cash Cow; Extra Enrollment Helps Raise Nearly $1M
(DBN)

The Schools the Big Firms Love: U of Chicago, Harvard
(DBN)

Is There More to Law School Than a Prestige Ranking?
(DBN)

Top law schools placed fewer graduates at top firms in 2010
(DBN)

Do You Really Need Confederate-Flag Decor at Your Law School Party?
(DBN)

After 5 Years of Serious Dating, Firm Proposes (Merger) to Australian BFF
(DBN)

Crusading Lawyer, Out of Prison After Tax Conviction, Learns to Slow Down
(DBN)

In Defamation Action Over Statement That Firm Had "Dipped Into" Trust Funds, Truth Is Allowed As A Defense
(DBN)

Texas Bars Attorney from Using 'Workers Comp' in his Blog
(DBN)

Bankruptcy Attorney Suspended From Practice And Fined $40,000 For Taking Credit Counseling Course For Client
(DBN)

Law Firm Staff Rappel to Safety from 6th Floor After NZ Quake, But Face Uncertain Future
(DBN)

Clifford Chance shuts down two data centers
(DBN)

Lawyer Who Lost Cash Wants to Find and Reward Homeless Man for Turning It In
(DBN)

A $363,000 Tax Bill to Widow Led to Obama Shift in Defense of Marriage Act
(DBN)

A slip of the shoe leads to lawsuit
(DBN)

Dumb Stunt, Family Tells Baseball Team
(DBN)

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Judges:

Judge says he won't recuse himself from Yellowstone Club bankruptcy cases
(DBN)

Thomas Strikes Ominous Tone in Speech
(DBN)

Porteous' lawyer deserves suspension
(DBN)

Judge Says Senate Is Injuring Federal Judiciary
(DBN)

In Fla., Proposed Court Budget Cuts Raise Concerns of Big Slowdowns, Overwhelming Workloads
(DBN)

Guilty! (and Have a Nice Day): Pilot Project Aims to Make Court a More Pleasant Experience
(DBN)

Grieving Mom Becomes Symbol After Tirade Against Judge in 'Kids for Cash' Scandal
(DBN)

Former Federal Judge Stripped Of Georgia License
(DBN)

Judge says depression, accident led to troubles
(DBN)

U.S. Asks to Destroy Guns Owned by Blogger in Prison for Threats to Judges
(DBN)

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Wall Street:

Stock index futures point up; Bernanke eyed
(DBN)

Easing oil price, economic news send stocks higher
(DBN)

Japanese Stocks Climb the Most in Two Weeks as Concern on Oil Price Eases
(DBN)

Oscar Spotlight Puts Wall Street Under Harsh Light
(DBN)

Asset Manager Sues Over ‘The Big Short’
(DBN)

Inside Job wins Oscar for best documentary
(DBN)

Goldman Sachs Estimates Possible Losses From Legal Cases at $3.4 Billion
(DBN)

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Layoffs:

Moody's: GOP Cuts Will Cost 700,000 Jobs
(DBN)

State employment-population ratio declines, 2010
(DBN)

Fastest Growing Industries for 2011
(DBN)

Educated Women Get Paid Less Than Uneducated Men
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Bernard Madoff says running world's biggest ponzi scheme was a 'head trip'.
(DBN)

Madoff victims fire back: 'The man is a monster'
(DBN)

Bernie Madoff Defends Himself: 'I'm A Good Person'
(DBN)

Madoff Unsure He's A Sociopath, Sure He's A Good Person
(DBN)

Bernie Madoff Would Like A Little Credit For All Of His ‘Legitimate’ Achievements In Life
(DBN)

Madoff, father of the automated trade
(DBN)

Top SEC Lawyer Did Not Recuse Himself on Madoff
(DBN)

Madoff Speaks . . . and Speaks and Speaks and Speaks
(DBN)

JPMorgan's $907 million Madoff bonanza
(DBN)

Bernie Madoff, Warren Buffett -- complete opposites?
(DBN)

Madoff claims Ponzi scheme’s roots legal
(DBN)

Bernie Madoff: 'It Was Only a Nightmare For Me'
(DBN)

Madoff's Most Astounding Rationalizations
(DBN)

Mets Owners Turn to Appeals Court in Hopes of Limiting Liability
(DBN)

Jail Buddy Blogs About Madoff
(DBN)

SEC Claims 3 Ex-Directors Aided Looting of Body-Armor Maker
(DBN)

Gibraltar Bank’s Rothstein defenses
(DBN)

Annals of white-collar crime, James Altucher edition
(DBN)

NC Man Gets 8 Years' Prison for $80M Ponzi Scheme
(DBN)

Trustee wants Rowan to repay $14000
(DBN)

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Retailing:

In Borders Bankruptcy Aftermath, Publishers Look Beyond Bookstores To Help Sales
(DBN)

General Growth Beats Analyst Estimates With Positive Funds From Operations
(DBN)

General Growth 4Q Loss Widens On Reorganization Charges
(DBN)

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Trucking:

YRC Worldwide sets next course in restructuring efforts
(DBN)

YRC Falls After Reaching Deal With Union That Dilutes Equity
(DBN)

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Pensions:

PBGC takes over Forum Health plan
(DBN)

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Media:

Tribune confirmation trial now set for second week
(DBN)

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Economy:

Business Activity in US Grew at Fastest Pace in 20 Years
(DBN)

Fed’s Dudley Says Growth Not Reason to ‘Reverse’ Stimulus
(DBN)

Chicago Manufacturing Data Indicate ‘Pervasive Growth’
(DBN)

Texas Manufacturing Activity Picks Up
(DBN)

World factory input costs rising sharply
(DBN)

Income of workers climbs 1.0% in January
(DBN)

Your Incredible Shrinking Paycheck
(DBN)

China's holdings of US debt larger than reported
(DBN)

Consumer Spending Cools
(DBN)

Don't Blame Fed for Recent Price Hikes
(DBN)

Will oil force the Fed's hand?
(DBN)

Buffett Lays Out Blueprint for Future
(DBN)

A Closer Look at Buffett's Annual Letter to Berkshire Shareholders
(DBN)

Warren Buffett's Berkshire: Analyst Yanks 'Sell' Call
(DBN)

Warren Buffett Piles Up Cash At Berkshire, Looks For Outlet
(DBN)

Treasury Names Buyout Executive to Ally Board
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Pending home sales down 3 percent last month
(DBN)

Freddie Mac: U.S. home prices drop 4.3% in fourth quarter
(DBN)

Court Allows Borrower’s Proof of Claim in Light of Questionable Practices by Lender
(DBN)

Big four banks brace for billions in potential losses from lawsuits
(DBN)

HSBC suspends foreclosure actions
(DBN)

Buffett Says Home Ownership Still Makes Sense for Most Americans
(DBN)

Warren Buffett sees housing recovery to start within a year
(DBN)

Fewer distressed borrowers consider defaulting on mortgage debt
(DBN)

Couple is 'underwater' and in the global spotlight
(DBN)

Trials and tribulations of a loan modification
(DBN)

Freddie Mac implores delinquent mortgage borrowers to pick up the phone
(DBN)

Miami real estate vulture fund expecting huge discounts on troubled loans
(DBN)

Michael Lewis Sued Over Mortgage Meltdown Book
(DBN)

Fannie, Freddie REO inventory continued to rise in 4Q
(DBN)

Republicans take aim at HAMP
(DBN)

BofA analysts claim GSE reform 'politically infeasible'
(DBN)

Principal Write-Downs Still Popular With Wonks
(DBN)

High Oil Prices Complicate Housing Recovery
(DBN)

St. Joe CEO, 3 Directors to Resign
(DBN)

Commercial Real Estate Breathes Life Into a Moribund Market
(DBN)

Fitch Ratings: Lack of new CMBS leads to limited master servicers
(DBN)

New Jersey mortgage executive sentenced to 14 years in prison
(DBN)

Fourth-quarter LV valley land values dip 30 percent
(DBN)

Liquidation plan approved for defunct Cedar Funding
(DBN)

_____________

Municipalities:

Is State Bankruptcy The Next Wave in Public Employee Union Busting?
(DBN)

Jefferson County gets turnaround advice; bankruptcy an option
(DBN)

Vallejo Shows the Way
(DBN)

Scott Walker's Unprincipled Rigidity
(DBN)

Union bargaining just a dream for many gov workers
(DBN)

Public unions: Convenient economic scapegoats?
(DBN)

Pension Funds Strapped, States Look at 401(k)s
(DBN)

New Jersey's Pension Funds Need Drastic Restructuring
(DBN)

Clinging to old ways not solution for Michigan
(DBN)

______________

Aviation:

Small Airports, Left Behind
(DBN)

JAL To Get Capital From Daiwa, 7 Others
(DBN)

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Autos:

GM loses $3.3 billion in first quarter, lowers sales outlook
(DBN)

GM Dealers More Upbeat Than Ford Dealers
(DBN)

Adventures in CDS reporting, GM edition
(DBN)

BMW to UAW: You Suck
(DBN)

Overcapacity Weighs on Europe's Auto Makers
(DBN)

Auto Sales May Approach ‘Clunkers’ Highs as US Rebounds
(DBN)

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Health Care:

Did Obama just move to save the health care law?
(DBN)

______________

Hotels:

Hoteliers urged to file for bankruptcy
(DBN)

Innkeepers Unsecured Creditors Object To Buyout
(DBN)

______________

Agriculture:

Judge rejects bankrupt farmer's plan
(DBN)

______________

Video Rentals:

Blockbuster filing lists "potential bidders"
(DBN)

Amazon to bid for Blockbuster?
(DBN)

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Food/Drink:

Restaurant Performance Index declines in January
(DBN)

______________

Consultants:

LECG Selling Off Practice Groups to FTI, Grant Thornton, WeiserMazars
(DBN)

______________

Celebs:

Legendary Investor Lenny Dykstra Makes A Few Predictions
(DBN)

______________

Symphonies:

A Chapter 11 threat in orchestra talks
(DBN)

______________

Paper:

Blue Heron paper mill's sudden closure sidetracks bankruptcy hearing
(DBN)

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Satellites:

Reorganization plan filed for satellite company.
(DBN)

______________

Bankruptcy Crimes:

Fraudulent estate planner gets 25 years in prison
(DBN)

______________

Furniture:

Five furniture suppliers on Robb & Stucky creditors
(DBN)

Furniture orders back up after 3-month decline
(DBN)

______________

Shipping:

Korea Line Files For Ch. 15 To Stymie US Litigation
(DBN)

______________

Debt Collection:

Collector Sentenced For Selling Personal Information To Fraudulent Debt Collectors
(DBN)

______________

New Bankruptcy Opinions
(3 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)

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Insurance:

MBIA Shareholder Lawsuit Reinstated by US Appeals Court
(DBN)

Citibank Agrees to Withdraw From MBIA Restructuring Suits
(DBN)

No D&O Insurance at Berkshire
(DBN)

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Bankruptcy Statistics:

Bankruptcy filings ease slightly in Indiana
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Jurisdiction:

Stern v. Marshall, and the Power of Bankruptcy Courts to Issue Final Orders on All Compulsory Counterclaims
(DBN)

______________

Venue:

Borders Improper Bankruptcy Venue
(DBN)

______________

Banking:

More Banking Bait-and-Switch
(DBN)

Small banks, credit unions stick with free checking
(DBN)

FDIC calls for big bank restructuring
(DBN)

Citi Under Attack for Failing to Disclose Regulatory Criticism
(DBN)

______________

Bonds:

Longest Bond Slump Since 2008 Marks Recovery as Junk Surges
(DBN)

______________

Corporate Reform:

Disinformation About the Consumer Financial Protection Bureau
(DBN)

Why Elizabeth Warren needs your help to police the banks
(DBN)

“The Financial Industry Has Become So Politically Powerful That It Is Able To Inhibit the Normal Process of Justice And Law Enforcement”
(DBN)

Former Fed Vice Chairman Kohn: Congress Shortsighted If Regulators Not Funded
(DBN)

Gross Gets `A' for Effort on Trader Greed
(DBN)

Gasparino Explains Why No One Went To Jail After The Crash
(DBN)

______________

Tax:

GE's Tax-Break Guard Dogs
(DBN)

Passthroughs Shrink the Corporate Tax by $140 Billion
(DBN)

______________

Marine:

Trico Announces Vessel Auction
(DBN)

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Credit Cards:

AmEx: Maybe $500M in Losses
(DBN)

Credit Card Delinquencies Fall 32%
(DBN)

______________

Resorts:

Friar Tuck buyers elusive
(DBN)

______________

UK:

UK Insolvencies Appear to Stabilize In 2010, But Still Under Pressure
(DBN)

Appointment of Administrators - 28 February 2011
(DBN)

Winding Up Petitions - 28 February 2011
(DBN)

UK manufacturing growth stays at 'record' high
(DBN)

______________

EU:

Mideast turmoil increases EU inflation risks
(DBN)

New bank state aid rules by end-2011 -EU official
(DBN)

CoCos May Get Approval From Regulators in Basel for Too-Big-to-Fail Banks
(DBN)

Forget The Crisis, Europe Is Blowing Away Expectations All Over The Place
(DBN)

______________

Canada:

Bankruptcy report profiles average debtor
(DBN)

Male, 41, married with 4 credit cards
(DBN)

Canada Facing Health Care Crisis
(DBN)

The Falls golf development in Chilliwack in creditor
(DBN)

High roller Harry Kakavas lives to fight another day
(DBN)

______________

Middle East:

Pressure for Change Grips Middle East
(DBN)

Pro-Gadhafi Forces Attempt Raids on East
(DBN)

Libya's mercenaries pose difficult issue to resolve
(DBN)

US freezes $30 billion of Libyan assets
(DBN)

US Military Moves Forces for Possible Libya Mission
(DBN)

US presses Europe to act on Libya
(DBN)

Why Americans Should Fear The Middle East And North Africa Revolutions
(DBN)

White House Says Exile is 'One Option' for Ghadafi
(DBN)

Libya fires anti-Gadhafi ambassador to US
(DBN)

Gadhafi clamps down on protesters in Libya's capital
(DBN)

Where Libya ranks among the worst oil supply disruptions of all time
(DBN)

ICC: Killing of Libyan civilians could be criminal
(DBN)

Sheen and Qaddafi: Both Nuts, Both on ABC
(DBN)

Crude Oil Climbs From One-Week Low as Iran Protests Add to Supply Concern
(DBN)

Egypt delays expected reopening of stock market
(DBN)

UAE bankruptcy law in early draft stages
(DBN)

______________

Ireland:

Election no quick cure for Ireland's ills: more debt, fewer jobs
(DBN)

Ireland Will Have V-Shape Recovery: Wilbur Ross
(DBN)

EU to discuss lower interest rates for Ireland-Rehn
(DBN)

Irish Vote Sets Stage for Showdown With EU
(DBN)

Bad Irish Loans Hit Lloyds
(DBN)

______________

Portugal:

Portugal Faces More Pressure On Bail-Out
(DBN)

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Singapore:

Winthrop Fires Back In Bankruptcy Fight For Luxury Resorts
(DBN)

______________

China:

China's Manufacturing Grows at Slowest Pace in Six Months
(DBN)

______________

South Africa:

Insolvencies take a massive drop
(DBN)

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Copyright 2011