March 23, 2011

The Daily Bankruptcy News

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Law:

Law Firm Hosts Bankruptcy 'Sweet 16′
(DBN)

Spring Bonus Stragglers
(DBN)

Linklaters launches Houston offensive
(DBN)

Orrick Unveils $1M Expansion
(DBN)

Poll Finds Jump in In-House Interviews of Law Firm Partners
(DBN)

“Bet the Farm” Versus “Law Factory”: Which One Works?
(DBN)

How to Become an (Almost) Indispensable Junior Associate (Part 3)
(DBN)

Ex-Associate Files ERISA Suit, Says Disability Payments re Motorcycle Accident Botched
(DBN)

The Job of Milk and Honey
(DBN)

Small Firms: Breaking Up Need Not Be Hard To Do
(DBN)

Going In-House and the Effect on Work/Life Balance
(DBN)

Work is work, but lunch is an occasion
(DBN)

ABA Law School Accreditation Committee Makes Strong Proposals
(DBN)

McCarter & English Adds Bankruptcy Partner in Boston
(DBN)

D.C. Heavyweight Trial Lawyer Decamps to Skadden
(DBN)

Law Professors Top Faculty Pay Scale
(DBN)

Ex-lawyer gets jail in bankruptcy fraud
(DBN)

Latham partner Inducted as a Fellow of The American College of Bankruptcy
(DBN)

Alston & Bird Wins 2011 Turnaround Award
(DBN)

Cuban Prisoner Released, With Pro Bono Help From 2 US Firms
(DBN)

Ethics: The Answer Is No Answer (Respectfully)
(DBN)

Sanctions: "Simply Amazing!"
(DBN)

Senator Calls Ex-SEC General Counsel's Madoff Work 'Troubling'
(DBN)

Little improvement in UK diversity statistics
(DBN)

Lawyer Who Won First National Spelling Bee Dies at 97
(DBN)

Goldman, Galleon, JPMorgan, Matrixx, Apple in Court News
(DBN)

Wife of Attorney Murdered at His Law Office Turns Herself In After Being Indicted
(DBN)

92-year-old woman shoots up neighbor's home
(DBN)

Former Office Manager to Get 7 Years in Theft of Over $1M from NJ Law Firm
(DBN)

Tropical Depression: The Latest in ‘Clerkship Lit’
(DBN)

Lawyer’s Free-Speech Ethics Challenge Inspires Legal Blogger’s Novel
(DBN)

9th Circuit rules that lies can be protected speech
(DBN)

Lawyer Who Spent Much of 2011 in Jail is Still in Good Standing
(DBN)

Identity of First Bachelorette Contestant Leaked… And It’s A Lawyer
(DBN)

"The Good Wife" - Lawyers on the Edge
(DBN)

Not Clear on the Concept: Man Allegedly Brings Beer to Court
(DBN)

Witness Refuses to Testify in Bonds Trial
(DBN)

On Opening Day, Feds Again Unable to Solve Greg Anderson
(DBN)

Chevron, Donziger Continue To Spar Over Ecuadorean Case
(DBN)

Ordered to Wear ‘Spit Guard’ at Trial After Targeting Attorney, Defendant Looks Like Hannibal Lecter
(DBN)

______________

Judges:

Supreme Court delivers two setbacks for business
(DBN)

Obama's Empathy for the Supreme Court
(DBN)

Securities-Fraud Plaintiffs Get Rare Win at Supreme Court
(DBN)

Regulating the Ethics of Supreme Court Justices?
(DBN)

Supreme Court Rejects "Statistical Significance" Requirement for Securities Suit Materiality
(DBN)

Scott frees some cash for courts, but not all
(DBN)

Head of Embattled CA Judicial Agency Resigns
(DBN)

AG Says Recusal Is Not Required of Judge Ruling in Hevesi Case
(DBN)

The Time For Judicial Engagement
(DBN)

______________

Wall Street:

Stock index futures point to lower open on Wall Street
(DBN)

Stock Futures Rise
(DBN)

Asian Stocks Retreat on Iodine in Tokyo Tap Water, Reactor Woes
(DBN)

EU: Shares set to dip; Portugal vote in focus
(DBN)

Wall St slips after 3-day run; volume at 2011 low
(DBN)

Soaring Oil Prices Snap 3-Day Streak
(DBN)

______________

Layoffs:

February had 1,421 mass layoffs involving 130,818 workers, both down from January
(DBN)

Which Hurts More? Firing or Layoff?
(DBN)

Judge tells Blue Heron officials workers should get their due pay, benefits
(DBN)

Nokia to Start Talks on Job Cuts at End of April
(DBN)

It's Not Structural Unemployment, It's the Corporate Saving Glut
(DBN)

Work of Depressions Watch
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

FDIC's Bair Says Dodd-Frank Banking Legislation Not 'Perfect'
(DBN)

Right person for a tough job
(DBN)

Warren 'I feel like Bob the Builder'
(DBN)

GOP-Led Panel 'Fact-Checks' White House Adviser Elizabeth Warren
(DBN)

Putting Some Bite Behind Elizabeth Warren
(DBN)

Demonizing Elizabeth Warren
(DBN)

New city, tone as US regulators sell bank reforms
(DBN)

Consumer Bureau Is 'Most Constrained' Agency: Warren
(DBN)

Warren teams up with the Chamber
(DBN)

Warren: Most Of Consumer Bureau Budget Will Go To Enforcement
(DBN)

Michigan Ex-Governor Granholm Said to Reject Consumer Bureau Job
(DBN)

Ex-Fund Manager Charged in SEC Death Threats Blames Retaliation for Plight
(DBN)

______________

Lehman:

Lehman to Amend $957 Million Deal With German Affiliate, Bondholders Say
(DBN)

______________

Celebs:

Rapper Ja Rule pleads guilty to tax evasion
(DBN)

Claims Against Young Buck Total $11.5 Million; $10 Million From G-Unit
(DBN)

Real Housewife Sonja Morgan Fights Back Against ‘Manufactured Outrage’ ... in Bankruptcy Court
(DBN)

Howard Stern Sues Sirius XM
(DBN)

Randy Quaid Performs Star Whackers
(DBN)

______________

Autos:

GM to sell preferred shares of Ally Financial for $1 billion
(DBN)

GM sues car-hauler, accuses it of holding $47M in vehicles hostage
(DBN)

______________

Finance:

Original Lender Sues Refinance Lender for Failure To Pay Off Original Loan, Despite Lack of a Contract To Do So
(DBN)

Bankruptcy Court holds that construction surety has claim to retainage over secured lender
(DBN)

______________

Gambling:

Suffolk Regional OTB to close four shops during bankruptcy
(DBN)

______________

Hotels:

Ohio hotels in bankruptcy owe GE $28M
(DBN)

______________

Trucking:

YRC CFO disputes near- bankruptcy buzz
(DBN)

YRC board member expresses optimism about trucker's recovery plan
(DBN)

YRC stock climbs
(DBN)

YRC; So what Direction IS this Company Headed?
(DBN)

ABF files brief in $750 million action against YRC
(DBN)

ATA Truck Tonnage Index declined in February
(DBN)

______________

Aviation:

When a Plane Isn't Really a Plane
(DBN)

Boeing wants higher ranking claim in aircraft case
(DBN)

U.S. airlines cut capacity to battle fuel costs
(DBN)

Disasters and Costly Oil Take Toll on Asian Airlines
(DBN)

______________

Utilities:

Judge rejects continuation of water line warranty
(DBN)

City works supervisor's firm did work for water agency
(DBN)

______________

Distressed Investing:

Pimco Said to Raise $1.5 Billion for Private Distressed Fund Targeting Bank Assets
(DBN)

_____________

Hollywood:

'Real Housewife' in Real Legal Battle
(DBN)

______________

Economy:

Fed: US Approaching Insolvency
(DBN)

Fed Gov. Richard Fisher Sees Signs Of "Speculative Excess," Warns Of Intoxication On Ambrosia Of Cheap Capital
(DBN)

Higher Inflation Expectations Are Spreading
(DBN)

Bank No Closer to Raising Rates in March, Minutes Show
(DBN)

China Has Potential to Dwarf U.S. Economy Within 20 Years, World Bank Says
(DBN)

Shared Sacrifice Urged on National Debt
(DBN)

Oil tops $105 per barrel
(DBN)

8 Ways $100 Oil May Affect You
(DBN)

Disruption in Japan Slows Rise in Oil Price
(DBN)

Is $120 Oil Breaking Point for Consumers?
(DBN)

Crude futures flat as traders eye Mideast turmoil
(DBN)

Fannie Mae: Rising Oil Prices Will Impact Housing Demand
(DBN)

Fed Profit Rose Sharply to $82 Billion Last Year
(DBN)

US Treasury to Sell Last Toxic Assets
(DBN)

Still No Recovery In: Jobs, Housing, Energy Use, Consumer Credit
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Sales of New U.S. Homes Probably Rose in February After Slump in January
(DBN)

Higher mortgage down payments may cramp homebuilder recovery
(DBN)

Architecture Billings Index increased slightly in February
(DBN)

No Spring Seen in Housing's Step
(DBN)

House Prices To Drop Another 20%?
(DBN)

Fannie and Freddie Hiding Over $100 Billion of Losses?
(DBN)

Census Housing Stock/Household Data
(DBN)

Foreclosure Terms May Pose ‘Moral Hazard,’ State Attorneys General Say
(DBN)

‘Safe’ Home Loan Proposal Coming Next Week
(DBN)

Roughly One-Third Of Homeowners Have Underwater Mortgages
(DBN)

Property Taxes Reach the Breaking Point
(DBN)

State to investigate case of couple who got free house
(DBN)

Creditors Seek Trustee For Fisher Island Amid Dispute
(DBN)

Quality, Not Speed, Is What Matters In Default Legal Work
(DBN)

Atlanta Home Prices Tumble Again
(DBN)

Fannie Mae expects home sales to remain soft through spring season
(DBN)

Housing double dip could be coming
(DBN)

Distressed property sales continue to weigh down CRE prices
(DBN)

Moody's: Commercial Real Estate Prices declined 1.2% in January
(DBN)

Worries Rise About Commercial Mortgage-Backed Securities
(DBN)

Pinnacle May Lose Harlem Site
(DBN)

_____________

Fraud:

Goldman's Blankfein Will be Called by U.S. to Testify at Rajaratnam Trial
(DBN)

Sides Clash Over Goldman Chief
(DBN)

Intel takes center stage in Rajaratnam insider trading trial
(DBN)

Galleon Tipper Rajiv Goel Tells Jury About Intel Disclosures
(DBN)

Rajiv Goel: "I Used The Money Raj Gave Me To Clear Out An Infestation Of Rats"
(DBN)

Raj paid informants cars and cash, witness says
(DBN)

Prosecutors Seek To Block Evidence Of Denials In Galleon Case
(DBN)

This Year's Galleon Wiretaps
(DBN)

Rajaratnam Camp Offended By Inside Information Leaks To Media
(DBN)

Rajaratnam made millions on tips from Indian-Americans
(DBN)

Prosecution Filing Shines Light on Possible Galleon Defense
(DBN)

Legal Game of Keep-Away Counters the Mets' Owners
(DBN)

Disaster Plans for the Wealthy, Courtesy of the Madoff Family
(DBN)

Ex-SEC official feels more heat on Madoff work
(DBN)

Contractual Representations and Warranties Provide Justifiable Reliance in Fraud Action
(DBN)

SEC names Boulder couple in suit against St. Anselm Exploration Co., alleging Ponzi scheme
(DBN)

Barry Minkow backslides
(DBN)

SEC charges Mt. View firm, execs with fraud
(DBN)

______________

Banking:

FDIC's Bair nearly started a bank run
(DBN)

FDIC's Bair: Dodd-Frank will strengthen smaller banks
(DBN)

Elizabeth Warren aims to cut regulatory costs for community banks
(DBN)

Federal Officials Seek To Ease US Community Bankers' Angst
(DBN)

Jamie Dimon Builds 'Dominant' Dealmaker Legacy With $20 Billion AT&T Loan
(DBN)

Banks Blamed for Ills at Credit Unions
(DBN)

How the Fed's dividend daze could backfire
(DBN)

Citigroup's dividend payout plans to lag other big banks
(DBN)

U.S. Banks Oppose Tighter Money Rules
(DBN)

______________

Media:

Judge in Tribune bankruptcy case says creditors can sue former shareholders
(DBN)

______________

Health Care:

Supreme Court: Investors can sue firm for not disclosing drug side effect
(DBN)

Mother's Truth Inadmissible at Republican Show Trial
(DBN)

Health Insurers Won't Cover 6-Year-Old Girl, Or Any Others Either
(DBN)

______________

Credit Cards:

Banks Find Allies in Debit-Fee Fight
(DBN)

Teachers and the Durbin Interchange Amendment
(DBN)

______________

Mass Torts:

Pfizer, Quigley Seek Court Approval of Asbestos Settlement
(DBN)

______________

Cemeteries:

New Report Reveals Wider Damage at Burr Oak
(DBN)

______________

Municipalities:

Michigan to help troubled local governments
(DBN)

'Shared Sacrifice', Gov. Snyder unveils Michigan's restructuring plan for state revenue
(DBN)

Snyder quickly falls out of favor
(DBN)

Snyder Losing Michigan, and Voters Want to Support Collective Bargaining
(DBN)

Michigan's War on the Middle Class
(DBN)

Detroit population drops to lowest level in 100 years
(DBN)

Detroit vacant housing rate doubles to 22.8%
(DBN)

As Michigan's Cities Empty Out, a Look Back at a Decade of Bad News
(DBN)

With About $500 Million in Outstanding Debt, Victorville Nears Insolvency
(DBN)

What's next for Boise County after bankruptcy
(DBN)

Few Stockton services to escape ax
(DBN)

Public Workers Rush for Retirement
(DBN)

Cuomo Reminds New York Legislators of Shutdown Option if No Budget Passed
(DBN)

______________

Consultants:

Alvarez & Marsal Hires Sage as Managing Director in Europe
(DBN)

______________

Corporate Governance:

Creditor of Insolvent Delaware LLC is Not Entitled to Derivative Standing
(DBN)

______________

Retailing:

Barnes & Noble Is Said to Be Likely to End Search for Buyer Without a Sale
(DBN)

______________

Shipping:

More Beluga Group companies file for insolvency
(DBN)

______________

Food/Beverage:

Harry & David faces hard choices soon
(DBN)

______________

Education:

Tone deaf Catholic schools honchos send letters to recruit new teachers as they close schools
(DBN)

Layoff notices at nearly 1,000 LAUSD schools would mean a heavy loss of certified positions
(DBN)

______________

Alternative Fuels:

Nestle CEO: Biofuels are Causing Starvation
(DBN)

Jatropha Biofuel 6 Times Dirtier than Gas
(DBN)

______________

Derivatives:

4 Wall Street Banks Still Dominate Derivatives Trade
(DBN)

______________

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(Temporarily Unavailable)

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)

______________

Venue:

Does It Matter Where Chapter 11 Bankruptcy Is Filed?
(DBN)

______________

Miscellaneous:

The Bankruptcy Files: Resorts, Furnishings, and Restaurants
(DBN)

Lehman, Tribune, Alabama Aircraft, Station Casinos: Bankruptcy
(DBN)

______________

Litigation:

Now That Everything Is Collected, What Manner and Form to Produce It?
(DBN)

Hard Times Make for Reluctant, Sometimes Angry Jurors
(DBN)

______________

Insurance:

Munich Re gives up on profit target after Japan hit
(DBN)

NY Fed Official Responsible for AIG Loans Joins AIG As AIG Pushes Sweetheart Repurchase to NY Fed
(DBN)

______________

Claims Trading:

Feb. US bankruptcy claim trades dip, value rises
(DBN)

______________

Plan Confirmation:

Creditor/Debtor Agreement on Loan Payoff Can Result in 'Impaired Accepting Class' Where There is No Provision for Interest
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Adequate Protection:

Still in the Minority, 9th Circuit BAP Holds that Creditors May Seek Adequate Protection Retroactively
(DBN)

Replacement Lien in Rents in Favor of Secured Creditor is Not Adequate Protection Where the Debtor Has No Equity Cushion
(DBN)

______________

Chapter 7:

Converted Chapter 7 case subject to review for abuse, 8th Circuit panel rules
(DBN)

______________

Symphonies:

Judge extends Louisville Orchestra's reorganization date
(DBN)

______________

Warranties:

Judge nixes rescue of controversial PWSA warranty
(DBN)

_____________

Inter-Planetary:

Chavez says capitalism may have ended life on Mars
(DBN)

______________

UK:

Violence warning in UK as unions plan mass march Sunday
(DBN)

Bank of England Voted 6-3 to Hold Rate to Assess Impact of Increase in Oil
(DBN)

Banks Bring Jobs to London as Finance Pays Most Tax in Britain
(DBN)

Bank Leumi Wins $19 Million UK Ruling Over Wachner Trades
(DBN)

Landlords approve JJB insolvency deal
(DBN)

JJB Sports dodges administration, again
(DBN)

Company Insolvency fears as businesses rely on plastic
(DBN)

Appointment of Administrators - 22 March 2011
(DBN)

Winding Up Petitions - 22 March 2011
(DBN)

Millionaire gangster Paul Ferris sued over £700 debt
(DBN)

Dyson frees the Spirit, leaving creditors Punch-drunk
(DBN)

______________

EU:

The Battle for Europe's Economic Soul
(DBN)

Soros: Two Speed Europe Set in Stone
(DBN)

______________

Canada:

Sahara Energy Ltd. Announces Completion of Bankruptcy Proposal
(DBN)

Office vacancies in city hit 5-year high
(DBN)

_____________

France:

French Fin Min: Public Finances Couldn't Deal With New Banking Crisis
(DBN)

______________

Switzerland:

Swiss Regulator Wants Measures To Liquidate Troubled Banks
(DBN)

______________

PIIGS:

Ireland and Portugal
(DBN)

Portugal braces for gov't collapse amid debt crisis
(DBN)

Portugal Government May Collapse Before EU Summit
(DBN)

Parmalat's Rising Uncertainty
(DBN)

Waterford Crystal pension entitlement case opens
(DBN)

Regulator To Look At Senior Bankers' Fitness To Practice
(DBN)

One Huge Difference Between US States And The PIIGS
(DBN)

Gigantic Spike Pushes Irish Yields Above 10%
(DBN)

______________

MENA:

White House denies regime change is part of Libya mission
(DBN)

Russia, China call for immediate ceasefire
(DBN)

China Trying to Have it Both Ways on Libya?
(DBN)

US, Allies Target Gaddafi's Ground Forces
(DBN)

Allies Strain to Mend Split
(DBN)

Gaddafi Forces Still Outgunning Rebels
(DBN)

Snipers, Tanks Terrorize Libyan City
(DBN)

How Oil Wealth Undercuts Democracy in Libya
(DBN)

Sweden Freezes Libyan Assets Valued at $1.6 Billion
(DBN)

Qaddafi And The Hidden Pot Of Gold In Libya
(DBN)

Hopeful Message About the World’s Poorest
(DBN)

Egypt's Interior Ministry set ablaze amid protest
(DBN)

New Political Party Emerges in Egypt
(DBN)

Egypt bourse suspends trade after reopening
(DBN)

Yemeni Leader: I'll Leave by Year's End
(DBN)

U.S. Cables: Top Yemeni General, Now Siding With Protesters, Linked to Corruption
(DBN)

No Good Options if Yemen Falls
(DBN)

New Clashes in Syria Kill 6
(DBN)

Moroccan FM: Arab Spring Could End Quickly
(DBN)

Dubai World Says Signed Final Debt Restructure Agreement
(DBN)

______________

Japan:

Japan government estimates earthquake, tsunami to cost up to $309 billion
(DBN)

Japan Extended Reactor's Life, Was Warned
(DBN)

Nuclear Cloud Comes With Aura of Arrogance
(DBN)

Fukushima Engineer Says He Helped Cover Up Flaw at Dai-Ichi Reactor No. 4
(DBN)

Japan evacuates nuclear plant
(DBN)

Japan's TEPCO seeking large loan from banks
(DBN)

Lack of Fuel Prolongs Japan's Crisis
(DBN)

Uneasy Tourists Shun Japan Amid Radiation Fears
(DBN)

Concern in Tokyo Over Spike in Tap Water Radiation
(DBN)

Tokyo-Based Investment Banker Announces Plans To Haze Colleagues Who Evacuated After The Earthquake
(DBN)

Before-And-After Photos Show How Fast Japan Is Rebuilding
(DBN)

Sony, Nissan Resume Operations at a Few Factories in Japan
(DBN)

The earthquake's economic impacts
(DBN)

US Halts Japanese Food Imports
(DBN)

______________

New Zealand:

McKenna gets 3 weeks to beat bankruptcy
(DBN)

______________

Australia:

Another hotel group collapses with $100 million in debt
(DBN)

Hoy jailed for 13 years
(DBN)

______________

Brazil:

Brazil's Central Bank Chief Says Loan Default Rate Rising
(DBN)

______________

India:

5 farmers end life in a day
(DBN)

______________

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