March 4, 2011

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Bonus Watch: Paul Hastings Consolidates Regular and Spring Bonus News Into One Moneymongous Announcement
(DBN)

2 Howrey Partners Say They Waited As Long As They Could Before Heading for the Exits
(DBN)

Revenues, Profits Rise at Goodwin Procter
(DBN)

McGuireWoods Attorney Admitted to American College of Bankruptcy
(DBN)

Simpson Thacher Hires Senior Bank of America Lawyer
(DBN)

Freshfields leads as Cattles restructuring completes
(DBN)

Large Firms in Texas See Lateral Hiring Growth
(DBN)

Where Are the Women Litigators?
(DBN)

Bullivant Closes Calif. Office After Practice Heads Lead 12-Lawyer Leap to Locke Lord Bissell
(DBN)

Ex-General Counsel, 4 Other Former WellCare Execs Indicted in Claimed $400M Medicaid Fraud
(DBN)

Law Firm Facing High-Heels Injury Suit is Now Gearing Up for E-Mail Discovery Dispute
(DBN)

BigLaw Boss Steps Down Six Months Into His Term
(DBN)

Lawyers at "Closed" Office Say They Quit Because They Weren't Getting Paid
(DBN)

The Vioxx Endgame: It’s All About the Fees
(DBN)

Clifford Chance has a bigger Superbrand than Eversheds
(DBN)

Performance Reviews Are Neither Objective Nor Fair, Management Prof Says
(DBN)

Survey Results: What Counts as Billable Time
(DBN)

Small Firms and Big Technology
(DBN)

Top 5 Things I Learned While Drunk at an ABA Tech Show :))
(DBN)

Law Firm Risk Management in an Era of Breakups and Lawyer Mobility: Limitations and Opportunities
(DBN)

Social Media Reinvents The Legal Profession?
(DBN)

Q&A With a Citizen of the World
(DBN)

Most. Embarrassing. Loss. Ever.
(DBN)

Associate in mouse horror drama
(DBN)

Are Law Students So Broke They Can’t Afford to Look Decent at Graduation?
(DBN)

Would-Be-Lawyer of the Day: Don’t Put Smiley Face in a Court Filing
(DBN)

Partner in "slave" email autoreply
(DBN)

Old White Man Sues Firm, Alleging Racial, Gender, and Age Discrimination
(DBN)

Ex-SEC Leader Walks Out on Deposition
(DBN)

Amazing law firm website revealed
(DBN)

Judge Refuses Class Action Status for Suit Claiming ‘Time Bomb’ in Law Firm Software
(DBN)

Why Charlie Sheen's Legal Case Against CBS, WB Is Not So Crazy
(DBN)

Man arrested for trapping woman in fold-out couch
(DBN)

______________

Judges:

‘Standard of Review Decides Cases’
(DBN)

Judge in Mets kosher hot dog case recuses himself for fan cap
(DBN)

"Ray Charles could see that those signatures were doctored"
(DBN)

Mo. Man Gets 14-Year Sentence for Profanity-Laced Taunts on Judge’s Answering Machine
(DBN)

Bill Would Require Supreme Court Justices to Explain Recusals, Create Ethics Review Process
(DBN)

Belching, Bullying Ex-Judge Loses Appeal in DWI
(DBN)

Lawyer Accuses Federal Judge of Bias for Chevron
(DBN)

______________

Wall Street:

Stock futures rise ahead of nonfarm payrolls
(DBN)

Stocks leap higher as hope builds for job recovery
(DBN)

Best one-day rally in three months for US stocks
(DBN)

Morgan Stanley Exec Bit Off A Colleague’s Ear “Mike Tyson-Style”
(DBN)

______________

Layoffs:

Initial jobless claims approach 3-year low
(DBN)

Employment Situation: Some Improvement, but Still Grim
(DBN)

Fed’s Kocherlakota Says ‘Highly Accommodative’ Policy Warranted on Jobless
(DBN)

Layoffs At Pre-Recession Level; Job Openings Down 30%
(DBN)

Unemployment Hits 10.3% in February
(DBN)

Retail jobs disappear as shoppers adjust to self-service
(DBN)

Job training in crossfire of deficit battles
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

GM Estate to Liquidate as Creditors Question Stock Value
(DBN)

Bankruptcy Plan Approved for Company of Bad GM Assets
(DBN)

11 old GM properties to be sold
(DBN)

GM sells just 281 Chevy Volts in February, Nissan only moves 67 Leafs
(DBN)

Ford Accounting Move May Add $13B to Profit, Expert Says
(DBN)

Chrysler refinancing talks advance, sources say
(DBN)

Delphi pension hearing proposed
(DBN)

Bristol Cars put into bankruptcy protection
(DBN)

______________

Food/Drink:

Creditors, Unions, Trustee Object To A&P Bonus Plan
(DBN)

______________

Aviation:

Sun Country Airlines close to being sold
(DBN)

Group Misses Deadline to Buy Shares Of Ailing Mexicana
(DBN)

______________

Religion:

Ad Campaign Searches for Victims of Abuse by Clergy
(DBN)

St. Paul Lawyer Sues Catholic Church, Will Air Ads in Wis.
(DBN)

New documents show Dolan's delay
(DBN)

______________

Municipalities:

When Cities Struggle, Workers Punished -- But Bondholders Spared
(DBN)

Bill Gates Addresses The 'Completely Unsustainable' Crisis In Public Pensions
(DBN)

Bill Gates: Our States' Ridiculous Budget And Pension Accounting "Would Make Enron Blush"
(DBN)

State bankruptcy is not the answer
(DBN)

Roubini’s big muni report
(DBN)

Broke Town, USA
(DBN)

Crime, Drugs, And Prostitution Engulf Bankrupt California City
(DBN)

Harrisburg shouldn't consider bankruptcy , Dauphin County commissioner says
(DBN)

Gov. Walker warns of layoff notices to 1,500 state workers on Friday
(DBN)

Are Wisconsin Public Workers Overpaid Or Underpaid?
(DBN)

Union Crisis Could Happen Anywhere
(DBN)

No Outrage: Ohio's Even Tougher Union Bill
(DBN)

Thousands of N.J. police officers, firefighters protest at Statehouse over potential benefits cuts
(DBN)

Wisconsin Senate Okays Arrest of Democrats Hiding in Illinois
(DBN)

Detroit Public Schools Sells $231M Muni Deal, At A Price
(DBN)

Bell tolling for DPS in new cash-flow financing gambit
(DBN)

Michigan bill contains limited details on emergency power
(DBN)

Michigan Governor Tells Cities to Tighten Budgets
(DBN)

Detroit: Up from the ashes
(DBN)

State Crises Mean New Language of Deceit
(DBN)

______________

Bankruptcy Crimes:

'Spanky' Macher released from jail as federal trial postponed
(DBN)

______________

Shipping:

Domino effect in Dry Cargo Market?
(DBN)

______________

Financial Literacy:

Financial literacy has its limits
(DBN)

______________

Soccer:

Birmingham Owner Pledges Own Assets to Help Soccer Team Meet Debts
(DBN)

______________

Call Centers:

IAC loses appeal over ex-unit that went bankrupt
(DBN)

______________

Economy:

Weekly unemployment report may hint at labor recovery
(DBN)

U.S. Service Industries Grow at Fastest Pace in Five Years
(DBN)

Expect a Very Strong Jobs Report For February: Gross
(DBN)

Income Optimism Keeps U.S. Comfort Index Near 2008 High
(DBN)

Fed Policy Makers Signal Abrupt End to Bond Purchases in June
(DBN)

The Oil Shock of 2011
(DBN)

Dollar's Reign as World's Main Reserve Currency Is Near an End
(DBN)

U.S. Decline in Global Arena: Is America No Longer No. 1?
(DBN)

Bernanke's QE3 Question
(DBN)

Global recovery progressing, some risks: IMF chief
(DBN)

It's Going to be a Stormy Recovery
(DBN)

Merle Hazard: Feelin' Lousy
(DBN)

PIMCO's Gross urges slow pace of deficit cuts
(DBN)

Food Prices Hit Record High, Spurring Worries About Global Unrest
(DBN)

Absorbing the Food Shock of 2011
(DBN)

The 23 Governments That Could Get Crushed By Food Price Inflation
(DBN)

Oil's surge felt by drivers, fliers and shoppers
(DBN)

Will Rising Gas Prices Put Brakes On The Economy?
(DBN)

The Libyan Crisis: Where Are Oil Prices Going?
(DBN)

Economy May Reverse Course When Fed Buying Ends: Gross
(DBN)

Even Tea Party Members Do Not Support Cutting Social Security
(DBN)

Boehner Aims to Tame Social Security
(DBN)

Does the Tea Party Really Hate John Boehner?
(DBN)

Here's how a federal government shutdown would affect you
(DBN)

Greenspan: Surge in Gov't 'Activism' Hampering Recovery
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Housing will be a drag on the rich world’s recovery for the foreseeable future
(DBN)

Mortgage rates drop for third week
(DBN)

Accused foreclosure attorney withdraws from 750 cases
(DBN)

NAR lobbying to preserve mortgage interest deduction, 30-year fixed mortgage
(DBN)

Warren Buffett's Subprime Housing Solution
(DBN)

Republicans take steps to kill Obama mortgage aid
(DBN)

Home refinancings through HARP up 30% in fourth quarter
(DBN)

Top servicers transferring loans that fail HAMP trial
(DBN)

Watchdog: Treasury Done ‘Very Little’ to Fix Gov't Foreclosure Relief Program
(DBN)

Why Bank of America is Crying Over Obama's New Foreclosure
(DBN)

Obama Administration's Foreclosure Program Shambles Along
(DBN)

House Republicans Vote To Cancel Two New Mortgage Programs
(DBN)

Seattle house prices post largest drops since 2009
(DBN)

HUD Secretary: Fannie, Freddie Housing Goals Didn't Work
(DBN)

Senator sees Dodd-Frank trumping ad hoc CMBS regulation
(DBN)

Commercial loans outperform other loan types: MBA
(DBN)

Commercial property has bounced back, but only in the best locations
(DBN)

The crisis has spurred innovation in commercial property
(DBN)

MBA: Delinquency rates on CMBS loans rise to 8.95%
(DBN)

FBI steps up nationwide efforts to address mortgage fraud, especially in NJ
(DBN)

Obama officials, attorneys general closer to possible deal with banks in foreclosure mess
(DBN)

The Bizarre Mortgage “Settlement” Negotiations
(DBN)

Banks Face More Loan Write-Downs
(DBN)

Judge fines anti-foreclosure lawyer
(DBN)

Another County Seeking to Collect Unpaid Recording Fees From MERS
(DBN)

California lawmakers revive bill that would kill dual-track foreclosures
(DBN)

Government, banks wrestle over settlements in botched foreclosures
(DBN)

Robo-signing slows Fannie, Freddie foreclosure
(DBN)

Bank seeks end to Philly sheriff's sale moratorium
(DBN)

WA House Passes Foreclosure Protection Bill
(DBN)

Capital One slows foreclosures to a trickle in California
(DBN)

Mass. foreclosures plummet
(DBN)

Real estate brokerage sues condo vulture investors
(DBN)

Foreclosure Merit Badge: Bank aims to boot Boy Scouts
(DBN)

In Price of Farmland, an Echo of Last Boom
(DBN)

Why The Housing Crisis Will Get Worse Before It Gets Better
(DBN)

Property is widely seen as a safe asset. It is arguably the most dangerous of all
(DBN)

_____________

Fraud:

McKinsey faces risks as Gupta case unfolds
(DBN)

Gupta, Rajaratnam Wanted SEC Action Postponed to After Trial
(DBN)

Is McKinsey & Co. the Root of All Evil ?
(DBN)

Goldman’s Blankfein Said to Agree to Be Rajaratnam Trial Witness
(DBN)

Raj Begged The SEC Not To Charge Gupta
(DBN)

Court to Rajaratnam 11: No Blackberrys For You
(DBN)

Rajat Gupta and Goldman Sachs: SEC After Big Fish?
(DBN)

The Insider Trading Scandal: Is It the Crime or the Prosecution?
(DBN)

Davos Man Rajat Gupta in Bizarro World
(DBN)

Rajaratnam Attorneys Cry Foul in Gupta Case
(DBN)

Rajaratnam Attorneys Cry Foul in Gupta Case
(DBN)

Indian business world fears cloud from charges
(DBN)

Juicy Hedge Fund Insider Allegations Revealed
(DBN)

Insider-Trading Probes Send Investors Scurrying Even When No One's Charged
(DBN)

The Temptation of Insider Trading: Why Top Professionals Might Slip
(DBN)

Beazer CEO forfeits bonus in SEC pact over fraud
(DBN)

Mets Owner Wants To Lose
(DBN)

Swift deal needed in Mets Madoff dispute, mediator says
(DBN)

Mets owners may face more allegations
(DBN)

Madoff Victims Fight Reimbursement Formula
(DBN)

Madoff investors face wary judges
(DBN)

Madoff Trustee, 'Net Winners' Face Off Over Victim Status
(DBN)

Professor estimates JPMorgan made $900M from Madoff
(DBN)

Issa, Grassley probing SEC on ex-lawyer's Madoff ties
(DBN)

JPMorgan, Banks Say Madoff Trustee Would Break Secrets Pact
(DBN)

Court Rulings Are Mixed Bag for Kenneth Starr
(DBN)

Outside directors named in SEC financial fraud case
(DBN)

Federal Lawyer Says the Government's Expanding Its Use of Debarment
(DBN)

How Marika Tolz's fraud allegedly started
(DBN)

New indictment issued against Podlucky, others
(DBN)

CDO, CDS Fraud Probes to Be 2011 Priority, Prosecutor Says
(DBN)

Bankruptcy trustee charged in "Ponzi-like" scheme
(DBN)

______________

Hotels:

Landmark NY hotel going back to auction block
(DBN)

Hotels: RevPAR up 12.1% compared to same week in 2010
(DBN)

______________

Valuation:

The Effect Of Carl Icahn On Company Valuation
(DBN)

______________

Non-Profits:

Should Tax Dollars Be Used To Support Non-Profit Executives Earning More Than President Obama?
(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
(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)

______________

Trustees:

Bankruptcy trustee charged with mishandling $16M
(DBN)

______________

Insurance:

D&O Policy Is Excess of CGL Policy
(DBN)

______________

Bankruptcy Statistics:

When were O.C. bankruptcies only double digits?
(DBN)

______________

Corporate Reform:

Who's Afraid of Reforming Wall Street?
(DBN)

For Corporate Directors, SEC Keeps the Bar Low
(DBN)

Bank Lobby Splinters On CFPB Ahead Of Director Confirmation Deadline
(DBN)

Defending the Indefensible
(DBN)

______________

Tax:

House Votes to Repeal 1099 Provision
(DBN)

Washington Mulls a Corporate Tax Overhaul
(DBN)

______________

Oil/Gas:

Fortress Energy in bankruptcy scare
(DBN)

______________

Gambling:

Is corporate bankruptcy an option for tribal casinos?
(DBN)

______________

Furniture:

Robb & Stucky scrambles to find buyer to avoid liquidation, mass layoffs
(DBN)

______________

Health Care:

Lender takes scalpel to surgery center
(DBN)

Shut Aliquippa hospital's equipment will continue to be of service
(DBN)

Taking a scalpel to the healthcare system
(DBN)

Gutting Medicare By Refusing To Pay The Bills - Hospitals Headed For Bankruptcy?
(DBN)

White House must seek expedited appeal of ObamaCare ruling: federal judge
(DBN)

Third of U.S. Sleeps Less Than Seven Hours a Night
(DBN)

Government Report Finds 92 Percent of Nursing Homes Employ Convicts
(DBN)

______________

Education:

Government Should Exit Higher Ed
(DBN)

______________

Retailing:

Retail sales show broad increase in February
(DBN)

U.S. Retailer Shares’ Slide Since Black Friday Signals Squeeze on Margins
(DBN)

Rugged Bear chain closing all stores
(DBN)

New tenants will fill Borders bookstore openings, cities say
(DBN)

______________

Accounting:

The Mystery of Vanishing Accounting Scandals
(DBN)

______________

Celebs:

Report: JaMarcus Russell faces foreclosure on Oakland mansion
(DBN)

Wesley Snipes Seeks Supreme Court Review of His Tax Convictions
(DBN)

______________

Trucking:

Gig is up, but rig is far from home
(DBN)

______________

UK:

Appointment of Administrators - 3 March 2011
(DBN)

Winding Up Petitions - 3 March 2011
(DBN)

The future of Plymouth Argyle was in fresh doubt, with the club facing a mystery High Court hearing
(DBN)

Ransom payments hit hopes of rescue hard
(DBN)

JJB to landlords: halve our rent or we will close
(DBN)

UK Business insolvencies fall In January
(DBN)

______________

EU:

EU Regulators Plan Bank Stress Tests
(DBN)

European Central Bank Says Rate May Rise Soon
(DBN)

______________

Canada:

HB Fenn creditors gather in Toronto
(DBN)

Disabled Nortel workers want bill fast-tracked
(DBN)

Ottawa seeks freer hand to seize ill-gotten foreign cash
(DBN)

______________

Germany:

Cross-Border Update on German Restructuring – Who Pays Next Time?
(DBN)

______________

France:

France to scrap tax cap for rich
(DBN)

______________

MENA:

First There Were PIIGS to Worry Over, Now We Have MENA
(DBN)

Britain freezes assets of 20 of Gaddafi's security chiefs
(DBN)

Qaddafi Takes His First Western Hostages
(DBN)

Fear Stalks Capital on Day of Protests
(DBN)

UK freezes Libyan wealth fund assets
(DBN)

Libya’s Hidden Wealth May Be Next Battle
(DBN)

Serenading the Qaddafis
(DBN)

Saudi Arabia contagion triggers Gulf rout
(DBN)

Saudi Shiites Call for Day of Anger
(DBN)

Analyst: Saudi Arabia's Regime Will Fall
(DBN)

Friday Of Rage Sees Airstrikes In Yemen, Violence In Bahrain And Protests In Tripoli
(DBN)

US Prepares for Bad Outcomes in Middle East
(DBN)

How companies get employees out of global hotspots
(DBN)

______________

PIIGS:

IMF reduces interest rate on Irish rescue loan
(DBN)

Imposing Losses On Senior Bank Bondholders Valid, Says Soros
(DBN)

Irish Government Says Bank of Ireland Misled on Bonuses
(DBN)

Is Portugal's Treasury Down To Just $4 Billion?
(DBN)

______________

Iceland:

More Money Reclaimed to Pay Icesave
(DBN)

______________

India:

India Hedge Funds Struggle To Raise Funds Despite Roaring Economy
(DBN)

______________

China:

CapitaLand Queries Beijing's Moves
(DBN)

______________

Russia:

Former Billionaire Polonsky Quits Business After Real Estate Bankruptcy
(DBN)

______________

Brazil:

Independencia Creditors Approve Plan to Sell Assets
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).

 

Copyright 2011