May 10, 2011

The Daily Bankruptcy News

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Law:

Former SEC Counsel Rejoins Cleary Gottlieb Amid Madoff Scrutiny
(DBN)

A Promising Spring: Legal Industry Adds 1,500 Jobs, Demand for Legal Services Increases
(DBN)

Partners Overwhelmingly Say Law Practice Has Become More Stressful
(DBN)

Too late to save the legal profession?
(DBN)

Firm Facing Malpractice Suit May Challenge Settlement, Circuit Says
(DBN)

It's Not Just What You Earn
(DBN)

'Loser Pays' Marches Forward in Texas
(DBN)

Texas House Passes Loser-Pays Bill
(DBN)

Texas District Attorney Headed to Jail for Misusing Seized Assets
(DBN)

Bankruptcy Partner Feinsmith to head Pepper Hamilton's Hub office
(DBN)

Baker Donelson Elects Justin M. Sveadas Shareholder
(DBN)

Mintz Levin Adds Former Senior DOJ Fraud Attorney, Paul Pelletier, To Washington, D.C. Office
(DBN)

Clifford Chance loses another US litigation chief as Cleary swoops
(DBN)

In-House: Big-Firm Pitches
(DBN)

How to Prepare Your Expert Witness
(DBN)

Legal Entrepreneur Forms Law Firm that Shuns Office Face Time and Lawyer Rainmaking
(DBN)

About 25 Percent of Lawyer Moms Leave the Workplace, Study Finds
(DBN)

What Does Family Friendly Mean for Male Attorneys?
(DBN)

Kershaw Firm Lays Off One-Third of Staff, Says Business Is Up, But New Focus Requires Less Support
(DBN)

Adultery Remains a (Legal) No-No in Colorado
(DBN)

The ‘Lost’ Art of Hyphens
(DBN)

Suddenly Solo? Trust Your Instincts
(DBN)

How to Avoid Answering Phone Calls
(DBN)

Would a Law Department Be Persuaded to Try a Law Firm That Brought Business to the Company?
(DBN)

Another New Social Media Site Goes After Lawyers
(DBN)

Don’t Ask Don’t Tell is Over, but Harvard Law Student Still Can’t Serve
(DBN)

What To Do With The UVA Law Student Who Cried Wolf?
(DBN)

Administrative Shake-Ups At A Law School Falling in the Rankings
(DBN)

The trouble with law reviews
(DBN)

Unbelievable Amount of Debt for Law Graduates
(DBN)

Men Outnumber Women at Most Top Law Schools, But the Imbalance Is Greater at B-Schools
(DBN)

To Law School or Not?
(DBN)

Law Revue Video Contest: Honorable Mentions
(DBN)

Delaware delays plans to launch law school — and it's not alone
(DBN)

Lawyer Rapped for Overselling His Small Firm in Brochure, Phone Book and Online Ads
(DBN)

Signed 1st Edition of Beloved Trial Novel, ‘To Kill a Mockingbird,’ Sells for $25K
(DBN)

Felony Defendants Donated to Prosecutor Funds in Plea Deals OK’d by Judges
(DBN)

'Too short' gal sues city over cleaning job
(DBN)

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Judges:

Judge Olson Schedules En Banc Show Cause Hearing Against Kevin Gleason.
(DBN)

Judges and Bob Dylan: Judges hand down the law with help from Bob Dylan
(DBN)

Stevens, retired from Supreme Court, has book deal
(DBN)

Kaplan Declines to Recuse From Chevron Case
(DBN)

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Wall Street:

US stock index futures rise
(DBN)

US Stocks Edged Higher on Surging Commodities
(DBN)

Citi, AIG lead financial stocks south
(DBN)

Goldman's Amazing Trading Quarter
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Grasping The Full Costs Of The Auto Bailout
(DBN)

General Motors To Add Thousands Of Jobs
(DBN)

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IP:

RIM expected to enter bidding for Nortel patents
(DBN)

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Banking:

FDIC's Bair to leave agency July 8th
(DBN)

White House eyes Gruenberg to head FDIC: report
(DBN)

Tracking Bank Failures: Regulators Close Florida’s Coastal Bank
(DBN)

Bank to allow texts to OK overdrafts
(DBN)

Bank of America Billions in Losses at Stake on Moynihan Outlook
(DBN)

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Celebs:

Braxton hesitant about posing
(DBN)

Orange County 'Housewife' Sues to Stop Foreclosure
(DBN)

Lenny Dykstra Faces Up To 80 Years In Prison For Stealing The Light Fixtures
(DBN)

Jermaine Dupri sued over child support payments
(DBN)

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Batteries:

A123's loss widens as costs surge
(DBN)

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Consumer Debt:

Credit limits on rise for first time since 2008
(DBN)

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Religion:

Irish Christian Brothers' future uncertain, order's leader says
(DBN)

Future of Christian Brothers 'hopeless,' says superior
(DBN)

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Furniture:

Berkline employees sue company over abrupt shutdown
(DBN)

______________

Debt Collection:

McGraw, other AGs settle over movie rental collections
(DBN)

The Debate Over Social Media In Collections Heats Up
(DBN)

______________

Gambling:

The Future of Absolute Poker Looks Bleak
(DBN)

______________

Utilities:

Dynegy Reports Net Loss for the Fourth Consecutive Quarter
(DBN)

______________

Economy:

Boehner: Cuts must outweigh debt ceiling increase
(DBN)

John Boehner Gives Huge Speech On The Debt Ceiling, And It's A Game-Changer
(DBN)

Speaker Boehner: Tax hikes are 'off the table '
(DBN)

Treasury yields head toward 2011 lows
(DBN)

IMF Official: U.S., Europe At Turning Points, Must Address Debt Problems
(DBN)

Key players shaping economic policy during the Obama administration
(DBN)

U.S. tax burden at lowest level since '58
(DBN)

Bill Gross Steps Up Bets Against US Debt
(DBN)

U.S. Manufacturing Centers Staging A Comeback
(DBN)

Unpeople
(DBN - NY Times - Paywall Limit Possible)

Exiting AIG
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Housing Prices Still in Steep Decline
(DBN)

28.4% of all single-family homes with mortgages are "underwater"
(DBN)

Foreclosures drag Ohio home values down $1.6 billion since 2009
(DBN)

Forecast: Orlando worst housing market in US
(DBN)

Fiserv reports on the upside to falling home prices
(DBN)

Construction Employment Update
(DBN)

Half of Fannie Mae mortgages registered in MERS name
(DBN)

Court Cases Yield Mixed Results on Challenges to MERS
(DBN)

Homeowners Exploiting Bankruptcy Loophole To Dump 2nd Mortgages
(DBN)

Banking on Saving the American Dream
(DBN)

Pay up: Foreclosure investigator targets banks for contributions
(DBN)

Mortgage-Bond Investors to Seek H&R Block Unit Repurchases
(DBN)

Banks giving loan modifications but only if homeowners waive legal rights
(DBN)

‘Squatter Rent’ May Boost Spending as Mortgage Holders Bail on Payments
(DBN)

Las Vegas developer tangling with lender in bankruptcy case
(DBN)

Banks ‘Calling Shots’ in Distressed Markets
(DBN)

HomeStreet files IPO amid cease and desist orders
(DBN)

Reported incidents of mortgage fraud drop 41% in 2010
(DBN)

Brazen Low-Income 'Developer' Rolled Taxpayers, Nonprofit Says
(DBN)

Bank takes over ownership of Fresno Pacific Towers
(DBN)

Gramercy Capital Fails to Make Payments of $790 Million
(DBN)

Bottom in US residential property sector unlikely until 2012, analysts predict
(DBN)

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Hotels:

Shareholders question sale of Innkeepers USA Trust
(DBN)

Innkeepers, Bankrupt Hotel Owner, Files Chapter 11 Plans Following Auction
(DBN)

Mediator appointed in Sawgrass Marriott bankruptcy case
(DBN)

______________

Retailing:

Sears researching possible move from Illinois
(DBN)

State scrambles to keep Sears
(DBN)

______________

Lehman:

Judge Holds Off Ruling On Lehman Trustee Vs Barclays Dispute
(DBN)

Lehman, Barclays in $1.1 billion accord on assets
(DBN)

Paulson plays the Lehman bust
(DBN)

Paulson May Make as Much as $726 Mln on Lehman Bonds
(DBN)

CalPERS, San Mateo Co. to lose millions in bankruptcy
(DBN)

______________

Credit Cards:

Moody's sees drop in US credit-card charge-offs
(DBN)

Pew finds positive results from credit card law
(DBN)

______________

Fraud:

Don’t Point Fingers If You’re Standing in the Shoes of a Fraudster
(DBN)

Liquidators of Fairfield Sentry Limited, Largest Madoff Feeder Fund, Reach Global Settlement Agreement with Madoff Trustee
(DBN)

Madoff trustee in $1 billion pact with Fairfield funds
(DBN)

Madoff Trustee Drops $3.8 Billion in Claims Against Fairfield Feeder Funds
(DBN)

How they failed to catch Madoff
(DBN)

Galleon Jurors Parse Alleged Tips
(DBN)

Bankruptcy trustee sues GOP
(DBN)

Most Ponzi Schemers Run in Same Crowds as Victims, as One Lawyer Found Out
(DBN)

Resentencing for Conrad Black on track for June 24
(DBN)

______________

Shipping:

Why Horizon Lines Should Declare Bankruptcy
(DBN)

______________

Corporate Reform:

More Roadblocks for New Consumer Protection Agency
(DBN)

Republicans Propose 'Tweaks' To New Financial Rules
(DBN)

Republicans: Change consumer bureau, or else
(DBN)

US FDIC and Federal Reserve propose rule on resolution plans and credit exposure reports
(DBN)

Wall Street, Corporate Crime and Prosecutorial Discretion
(DBN)

Dodd-Frank Dissenters Sound Off
(DBN - NY Times - Paywall Limit Possible)

______________

Food/Beverage:

Steakhouse chain wins liquor license price dispute
(DBN)

______________

Tax:

IRS Probes Kabbalah Centre Finances
(DBN)

______________

Oil/Gas:

Oil Inventories Increase to Near a Two-Year High
(DBN)

US Gasoline Extends Gains as Mississippi Threatens Refineries
(DBN)

______________

Municipalities:

Is Providence on the Verge of Bankruptcy ?
(DBN)

______________

Rail:

AAR: Rail Traffic "mixed" in April
(DBN)

______________

New Bankruptcy Opinions
(1 new opinion today - link fixed from yesterday)

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)

______________

Miscellaneous:

Innkeepers, Caribe Media, Raser Technologies, Vitro: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Corporate Death Peaks 3 Years Post-IPO
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Rules:

New Duties for Debtors: Form Amendments in the wake of Lanning and Ransom
(DBN)

______________

Baseball:

Bankruptcy could help Frank McCourt retain control of Dodgers
(DBN)

Selig speaks on differences between Dodgers, Mets
(DBN)

______________

Insurance:

Southern tornadoes may cost insurers $5.5 bln
(DBN)

______________

Orchestras:

Philadelphia Orchestra Escrows Ticket Money in Case Performances Canceled
(DBN)

Amid bankruptcy, concerts by Peter Nero and Philly Pops to continue
(DBN)

______________

Health Care:

Caring for poor, hospitals reach brink of closure
(DBN)

Sale of Twin City Hospital to Franciscan Services Corp. finalized
(DBN)

______________

UK:

Bank Bail-in Bonds May Avert 'Systemic Trauma,' IIF Says
(DBN)

ICAS calls for changes to insolvency laws
(DBN)

Appointment of Administrators - 9 May 2011
(DBN)

Winding Up Petitions - 9 May 2011
(DBN)

11 Stone Buildings adds insolvency silk to its ranks
(DBN)

Insolvency and Government cuts
(DBN)

Tax cuts may slow company insolvency figures
(DBN)

The Phoenix Four got off lightly
(DBN)

Peer's anger at MG Rover 'slap on the wrist'
(DBN)

Phoenix Four: What happened to the men who ruined Rover?
(DBN)

Ante nuptial contract provides limited protection once insolvency befalls a spouse
(DBN)

Pre-packaged administrations: Davey to the rescue?
(DBN)

Ex-Langbar CEO Pearson Should Have Known About Fraud, U.K Prosecutor Says
(DBN)

______________

EU:

Euro Declines Against Yen for Fifth Day as Greece's Rating Cut
(DBN)

European debt worries
(DBN)

Is Europe About to Collapse? Not if It Restructures Sovereign Debt
(DBN)

Central Bank Drift: Eupdate Extra
(DBN)

ECB's Bini Smaghi-Debt restructuring would be suicide
(DBN)

______________

PIIGS:

S&P cuts Greek credit rating
(DBN)

S&P's Greek warning is also a recommendation
(DBN)

Moody's warns multi-notch cut for Greece possible
(DBN)

Greek Banks Are Sound, Rumors Of Euro Exit 'Nonsense' - Banker
(DBN)

UBS's Magnus Says Delaying Greek Restructure Is Damaging
(DBN)

Bini Smaghi Says Euro Member Debt Restructuring Wrong in Theory, Practice
(DBN)

Greek Debt-Maturity Extension Won't Help Underlying Solvency, Buiter Says
(DBN)

A (hard) Greek restructuring by the numbers
(DBN)

Athens must be put under the gun
(DBN)

Brand new Greek bailout rumors are swirling
(DBN)

Papademos on What Greece Must Do to Address Debt Crisis
(DBN)

Greece comes back for more
(DBN)

Greece's Unsustainable Burden
(DBN)

Weighing Europe's options on Greece
(DBN)

Greece will crash, so build up the buffers
(DBN)

Greece Joins Belarus as Europe's Lowest-Rated Country After S&P's Debt Cut
(DBN)

The Greek Melodrachma
(DBN)

How Greece could avoid triggering a Lehman moment
(DBN)

EU, IMF inspectors in Greece to examine fiscal accounts
(DBN)

Spanish stocks sink
(DBN)

Spanish bankruptcies climb to record high
(DBN)

Banks Reject Offer Of €25 Million To Meet Builder's Debts Of €113 Million
(DBN)

On the Treasury’s Curious Denial That Geithner Blocked Deal on Irish Debt
(DBN)

Portuguese Banks Eye Path to Stability
(DBN)

______________

Japan:

Post-March 11 Bankruptcies Surge vs. Kobe Impact
(DBN)

Cabinet Wants Deeper Tepco Restructuring
(DBN)

______________

China:

US tells China to look to its own consumers
(DBN)

China trade gap widens sharply in April
(DBN)

______________

Mexico:

Mexico Takes Aim at a Titan in Telecom
(DBN)

______________

Australia:

Corporate insolvencies on the rise
(DBN)

______________

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Copyright 2011