March 10, 2011

The Daily Bankruptcy News

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Law:

Kirkland Profits Per Partner Top $3 Million
(DBN)

BigLaw Partners Voting on Dissolving Firm
(DBN)

Howrey Scorecard: Where Have All the Lawyers Gone?
(DBN)

The Howrey Syndrome: What does a working stiff do?
(DBN)

Howrey LLP, RIP: Partnership Votes to Dissolve
(DBN)

Report: Latham Bankruptcy Lawyer is Running Howrey Meeting to Vote on Possible Dissolution
(DBN)

Howrey to Dissolve Effective March 15
(DBN)

Breaking Away From Firm Racked by Defections, Cash Woes, National Firm Is Born
(DBN)

Another Great Departure Memo: Skadden Associate Trades Chicago for… Nepal?
(DBN)

Looking For a Law Job? Yeah ... Better Shop Around
(DBN)

SNR Denton seeks new chief exec ahead of partner pay overhaul
(DBN)

Trio of partners do battle for Linklaters' senior partner role
(DBN)

Annual Best Employer List in UK Lists Few Law Firms
(DBN)

Court to Rule in Case of Imprisoned Exec That Carries Major Privilege Implications
(DBN)

Lobby Battle Over Loans for Lawsuits
(DBN)

SEC head says she relied on counsel tied to Madoff account to sort out any conflict
(DBN)

Schapiro Says Lawyer's Madoff Work Didn't Seem a Conflict
(DBN)

Small Firms: It’s Not About the Law
(DBN)

A Look Inside the 65-Person Marketing Staff of a $1 Billion Law Firm
(DBN)

A Cleansing Look at Law Firm Marketing and Messaging
(DBN)

The Key to Lawyer Happiness: The '2/3 Rule'
(DBN)

No 'Gotcha Moments': What All Good Plaintiffs' Lawyers Need To Know
(DBN)

Opening at Inside-Trading Trial Show Different Views of Data
(DBN)

Kelley Drye Faces Malpractice Suit
(DBN)

Police: Bankruptcy Lawyer Stole Client's Money
(DBN)

Joseph, Greenwald & Laake Adds Bankruptcy Lawyer
(DBN)

Law Firm Library Outsourcing: Outrage or Opportunity
(DBN)

Tablet or E-Book Reader? It Depends
(DBN)

Will LawPivot Shake Up the Legal Industry?
(DBN)

Lawyer Websites Affected by Google Search Algorithm Changes
(DBN)

Lawyer is Suspended Over Her Marriage to an Elderly Client
(DBN)

Lack of Ellipses Leads to Public Reprimand for Massachusetts Lawyer
(DBN)

Amazon Crusader. Chevron Pest. Fraud?
(DBN)

Lerach Blames Pension Woes On Pay-To-Play — Theirs, Not His
(DBN)

Nneka Ukpai Scores Victory for Client and the System
(DBN)

Bill to Permit Non-Attorney Ownership of Law Firms
(DBN)

Davis Polk’s First Summer Associate, a ‘Work-Until-Death’ Litigator, Dies at 100
(DBN)

Law Schools Helping to Pay the Price for Students' Firm Employment
(DBN)

Cuts at UNLV could render law school a 'mediocre institution'
(DBN)

The Answer: "How do I get out of law and do something different?"
(DBN)

Mid-Haircut, Connecticut Man Stabs Victim With Pair Of Scissors (w/pic)
(DBN)

Mug Shots
(DBN)

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Judges:

Judge Accused Of Hiding Ties To Lawyer’s Father
(DBN)

Judicial Watch Suit Accuses Judge-Turned-Congressman of Sexual Harassment
(DBN)

7th Circuit Zaps Lawyer for Exceeding 14K Word Limit in Brief, Summarily OKs Lower Court Decision
(DBN)

London Judge, in Wig and Full Robes, Tackled Escaping Sex Offender
(DBN)

Justice Scalia Objects
(DBN)

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Wall Street:

US Stock -Index Futures Drop on Slowing Chinese Exports, Spain Downgrade
(DBN)

Moody's Downgrades Spain, And Markets All Around The World Are Diving
(DBN)

The adage that quitters never win is not exactly weighing on Wall Street lately.
(DBN)

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Layoffs:

10 Industries That Will Hire the Most in 2011
(DBN)

Morgan Stanley Smith Barney To Ax 200-300 Brokers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Awards:

Deborah Grieve Honoured With International Insolvency & Restructuring Award
(DBN)

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Hedge Funds:

Hedge-Fund Assets Reclaim Pre-Crisis Level, Aim Higher
(DBN)

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M&A:

Goldman Says It's Time to Bet on M&A
(DBN)

______________

Utilities:

Dynegy’s Accountant Agrees: They’re in Big Trouble
(DBN)

Dynegy Stock Bleeds On Bankruptcy Talk
(DBN)

Dynegy appoints Icahn, Seneca-backed board members
(DBN)

Fitch Lowers Dynegy , Inc. and Units Ratings
(DBN)

S&P Downgrades Dynegy Two Steps Deeper Into Junk, Outlook Negative
(DBN)

The Dynegy Apocalypse is Near. Or Not.
(DBN)

______________

Credit Cards:

Now Back to Our Regularly Scheduled Programming (i.e., Interchange!)
(DBN)

______________

Retailing:

Seattle's Best Steamed About Borders Store Closures
(DBN)

Borders' Failure Offers Lessons
(DBN)

NYSE to delist Borders Group
(DBN)

______________

Hotels:

This Innkeepers Thing Is Getting Scary
(DBN)

King Kamehameha Estate Disputes MSR Resorts' Right to Hotel
(DBN)

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Media:

JPMorgan e-mails show concerns about Tribune deal
(DBN)

______________

Telecoms:

Judge Says TerreStar's Public Parent Can Keep Tapping Loan
(DBN)

______________

Religion:

Milwaukee priests' sex abuse cases prompt apology from Archbishop Jerome Listecki
(DBN)

______________

Mass Torts:

Exxon CEO Blames BP for Gulf Oil Spill
(DBN)

______________

Oil/Gas:

America's Big Fracking Mess
(DBN)

A fear of fracking may slow natural gas trend
(DBN)

______________

Aviation:

Grounded Mexicana Hopes To Restart Operations By Easter Week
(DBN)

______________

Food/Drink:

Urban Flats files for bankruptcy but stores open
(DBN)

______________

Economy:

Bill Gross: Tax The Wealthy And Corporations A Lot More
(DBN)

Pimco Abandons Treasurys, Treasurys Rally
(DBN)

Soros: 'The World Does Need Order'
(DBN)

Factories Bounce in January but Broader Recovery Needed
(DBN)

What if Congress Can't Rein in Debt?
(DBN)

Senate Rejects GOP's Plan for $61 Billion of Budget Cuts
(DBN)

Rethinking Consumer Confidence
(DBN)

Poll: Americans Still See US on Wrong Track
(DBN)

Three Storm Clouds on Horizon of Recovery
(DBN)

World's Billionaires 2011: Record Year For The Richest
(DBN)

China and Russia drive growth in world's billionaires
(DBN)

Mexico's Slim again tops Forbes billionaires list
(DBN)

Don’t Envy the Super-Rich, They Are Miserable
(DBN)

We should slash welfare for the wealthy
(DBN)

The 14 Biggest Billionaire Losers Of The Year
(DBN)

BofA: $200 Oil Would Mean Recession
(DBN)

Cost of Gasoline by State and Incomes
(DBN)

Oil Prices Fall After Supply Report
(DBN)

Why You are Paying More for Food
(DBN)

Americans Suffer Anxiety About Retirement
(DBN)

Gasoline cost to jump $700 for avg household
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Paralegal Says Others Scribed ‘Attorney’ Signatures on 1,000 Deeds in Foreclosure Cases
(DBN)

Courts Overstepped in Requiring NY Attorneys to Sign Affirmations in Foreclosures
(DBN)

Foreclosures plunge 27% - biggest drop on record
(DBN)

BofA doesn't believe in treating borrowers fairly
(DBN)

BofA “Bad Bank” for Legacy Assets: Will This Eventually Be a First Use of Dodd Frank Resolution Powers?
(DBN)

How to funnel money to bankers and brokers, housing edition
(DBN)

Republicans Object to Mortgage Settlement Proposal
(DBN)

Foreclosure Fraud Settlement: The Empire Strikes Back (or Why Are Republicans So Obsessed with Backdoor Cramdown?)
(DBN)

Top Senate Republican blasts proposed foreclosure settlement as a "regulatory shakedown"
(DBN)

`Mockery' Made of Some Creditors in Proposed Mortgage Servicing Settlement
(DBN)

Banks balk at draft
(DBN)

Investors and Protestors May Be Getting Foreclosure Settlement Wrong
(DBN)

Administration accused of bypassing Congress in negotiating deal with banks
(DBN)

JPMorgan Fights Back on Forced Principal Forgiveness
(DBN)

Fannie Mae resists bankruptcy bailout action for desperate homeowners
(DBN)

Foreclosures = Affordability Problem?
(DBN)

Ocwen targeted by FTC for scrutiny
(DBN)

BoA Foreclosure Settlement Nonsense
(DBN)

John Walters vs. Bank of America: Little Guy Takes on the Banksters
(DBN)

House committee votes to end HAMP and NSP
(DBN)

Democrats to amend bills ending HAMP, NSP
(DBN)

Georgia bill gives AG more subpoena power to probe foreclosure fraud
(DBN)

69% of Las Vegas mortgages are underwater
(DBN)

The 15 Cities With The Most Underwater Mortgages
(DBN)

Mortgage Applications in U.S. Rise 16%, Biggest Gain Since June
(DBN)

How cheap houses spell bad news
(DBN)

Freddie Mac implores mortgage servicers to reach borrowers early
(DBN)

Cleveland Fed economist calls for toxic asset bad bank
(DBN)

Freddie Mac hires two REO servicers to help handle rising inventory
(DBN)

Economists say irresponsible property investors contribute to urban blight
(DBN)

Statler Towers Closer to Sale
(DBN)

Croce expects deal for Statler to be completed next week
(DBN)

Croce: "The Fact That Everybody Else Would've Given Up is the Reason I Haven't"
(DBN)

Punishing the 'bad boy' guarantor
(DBN)

Bridger Commercial Funding Shuts Doors
(DBN)

Boomtime mortgage execs gear up for market shift
(DBN)

_____________

Fraud:

Jury chosen for signature US insider trading trial
(DBN)

Jury of 10 women, 8 men picked for Rajaratnam insider-trading trial
(DBN)

Teachers, Municipal Workers Are Among Those Picked for Rajaratnam's Jury
(DBN)

Factbox: Makeup of jury in Rajaratnam trial
(DBN)

The Raj Jurors Have To Change The Channel If They See Raj On TV
(DBN)

Rajaratnam Exploited a Corrupt Network, US Tells Jury
(DBN)

Greed drove Rajaratnam's network - prosecutor
(DBN)

Galleon Prosecutors, Defense Trade Salvos
(DBN)

Defense Faces Daunting Task as Insider Trading Trial Begins
(DBN)

Why The Judge's Jury Instructions Just Made The Raj Prosecution That Much Tougher
(DBN)

10 Big-Names Who Will Be Testifying At The Raj Trial
(DBN)

Rajaratnam Defense Lawyer Says US `Has It Wrong' in Galleon Insider Case
(DBN)

Raj Opening Statements: 'Tomorrow's Trades Today' vs. 'Shoe-Leather Research'
(DBN)

Raj Defense: The Feds Witnesses Are Liars And Gossips Looking For Lenient Sentences And Raj Was Just Doing His Job
(DBN)

Welcome to the Raj Rajaratnam Show
(DBN)

Hurtado on Potential Jurors in Galleon Trial
(DBN)

Madoff Trustee's Subpoena of Banker Gropper Returned by Austrian Ministry
(DBN)

Mets Had Money Trouble Before Lawsuit Was Filed
(DBN)

Rowan ordered to turn over more Hecker documents
(DBN)

______________

Debt Collection:

Florida Judge Orders Debt Collector Not To Use Social Media To Contact Debtor
(DBN)

______________

Video Rentals:

Icahn Disputes Blockbuster Bondholder
(DBN)

Icahn Says He Has Right to Bid for Blockbuster at Auction
(DBN)

Blockbuster Noteholders Icahn, Monarch, Oppose Liquidation, Support Sale
(DBN)

Bankruptcy court will decide today whether Blockbuster has a future
(DBN)

Company Claims You Owe Late Fees On Video Rentals
(DBN)

______________

Banking:

Surprised? Americans Lost Faith in Banks
(DBN)

______________

Gambling:

TPG, Apollo Said to Be Among Creditors Poised to Take Over Aliante Casino
(DBN)

______________

Education:

Higher ed contemplates fallout of financial exigency
(DBN)

______________

Symphonies:

Exploratory committee looks to buy Honolulu Symphony assets
(DBN)

______________

Bankruptcy Crimes:

Former Real Estate Broker Sentenced to Federal Prison
(DBN)

______________

Manufacturing:

Receiver asks: Where are millions at InnoVida?
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion 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)

______________

Bankruptcy Statistics:

Business Bankruptcies Fall In February As Consumer Woes Persist
(DBN)

First Personal Bankruptcy Drop Since 2005 To Help Consumer ABS -Fitch
(DBN)

Orange County bankruptcies rise 18 percent
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Corporate Reform:

Sen. Shelby Takes on Elizabeth Warren
(DBN)

Lawyer’s FOIA Request Reveals More Information About SEC’s Surfing Employees
(DBN)

Monster's Treacy's Judge Erred on Forfeiture, Court Rules
(DBN)

______________

Sales:

Court Holding “Value” in Section 363(f)(3) Means Actual Aggregate Value of Liens Securing the Property Rather Than Face “Amount” of Liens Gets Undersecured Lenders Wired Up
(DBN)

______________

Municipalities:

Volunteer army takes over Texas town
(DBN)

US Schools: 82% May be Labeled Failing
(DBN)

GOP Senators in Wisc. Do End Run Around Absent Dems, Find Way to Vote on Collective Bargaining Bill
(DBN)

The Real Lesson from Wisconsin
(DBN)

MI Senate votes to give emergency financial managers more power
(DBN)

Michigan and emergency financial managers
(DBN)

Gov. Christie's Talk Blunt, but Not Always Straight
(DBN)

______________

Finance:

Moody’s warns on covenant-lite loans
(DBN)

______________

Festivals/Fairs:

Nevada State Fair Canceled after more than 100 years
(DBN)

______________

Health Care:

Palm Drive admits $2.3 million in improper Medicare billings
(DBN)

______________

Hollywood:

David Bergstein Loses Appeal to Have Lawyers Disqualified
(DBN)

______________

Celebs:

Busy Lawyer’s Guide to Charlie Sheen’s Termination Letter
(DBN)

Charlie Sheen Showdown: Lawyers Break Silence, Reveal New Details
(DBN)

Creditors Request That A Shield Of Bankruptcy Protecting Young Buck Be Lifted
(DBN)

Celebrity appearance fees: How much do they charge?
(DBN)

Mel Gibson to Take Plea Requiring No Time
(DBN)

Allen Iverson’s Colorado Home Foreclosed After Nearly $1 Million In Price Reductions
(DBN)

______________

Video Games:

How Rovio Fought Off Bankruptcy to Make Angry Birds
(DBN)

______________

Trucking:

Settlement proposed in Arrow bankruptcy
(DBN)

______________

Auto Racing:

New Jersey Motorsports Park shuffling debt service
(DBN)

______________

UK:

Winding Up Petitions - 9 March 2011
(DBN)

Appointment of Administrators - 9 March 2011
(DBN)

BoE set to keep rates at record low -- for now
(DBN)

Government cuts to hinder Insolvency Service
(DBN)

Begbies Traynor to spend £3m in restructuring
(DBN)

Begbies Traynor lowers FY targets
(DBN)

Supreme Court rejects balance sheet insolvency
(DBN)

______________

EU:

ECB Says 'Strong Vigilance' Warranted to Contain Inflation Risks
(DBN)

Euro Zone Debt Crisis Intensifies on Summit Eve
(DBN)

______________

MENA:

Libya Update
(DBN)

Gadhafi's Forces Gain, Tripoli Makes Appeals
(DBN)

Qaddafi Attacks Ras Lanuf By Air, Land And Sea
(DBN)

Qaddafi's End Requires One Power to Step Up
(DBN)

Gaddafi London home taken over by squatters
(DBN)

Civil war cuts Libya's oil output by two-thirds
(DBN)

Kuwait Protesters Want PM to Go
(DBN)

Yemen protesters 'may have been hit with nerve gas'
(DBN)

Dubai Stocks Tumble to World's Cheapest
(DBN)

Dubai World’s Drydocks Unit Sued in Singapore for Failing to Pay Suppliers
(DBN)

'Day of Rage' Looms
(DBN)

Saudi prince questions ban on women driving
(DBN)

______________

PIIGS:

Ireland's New Premier Seeks Easier Bailout Terms
(DBN)

Greek Unemployment Hits 14.8%
(DBN)

Portugal Teeters as EU Debt Crisis Grows
(DBN)

Iceland vs Greece
(DBN)

Update: Ireland and Greece
(DBN)

Spain hit by debt downgrade; Moody's cites banks
(DBN)

______________

Hungary:

Municipal bankruptcies gathering pace in Hungary
(DBN)

______________

China:

Fitch's Bold Call on China Banking-System Risk
(DBN)

Is China's Economy Slowing Too Fast?
(DBN)

China's Debt Burden Limits Policy Leeway
(DBN)

10 Reasons To Short China Now
(DBN)

Yuan Forwards Weaken After China Reports Surprise Trade Deficit
(DBN)

______________

Iceland:

Arrests in Iceland Bank Collapse
(DBN)

______________

Mexico:

Vitro Bankruptcy
(DBN)

______________

South Korea:

Bank of Korea Raises Rate to 3% From 2.75% After Inflation Breached Target
(DBN)

Farewell to Lone Star
(DBN)

______________

Czech Republic:

Sazka to dispose of property only with administrator's consent, court rules
(DBN)

______________

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Copyright 2011