May 11, 2011

The Daily Bankruptcy News

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Law:

Judge throws out case vs ex-Glaxo lawyer
(DBN)

Paul Weiss Snags Corporate Partners from O’Melveny — Along With a Top Client
(DBN)

O'Melveny Loses Seven NY Partners to Paul Weiss, Two to Weil Gotshal
(DBN)

Aggressive Tax Lawyer or Criminal? Jury to Decide re 2 Ex-Jenkens & Gilchrist Partners
(DBN)

What's Hot in the Legal Profession
(DBN)

Improving Prospects — But For Whom?
(DBN)

Can Law Firm Partners Spare 20 Hours of Billables?
(DBN)

When Family Law and Bankruptcy Collide
(DBN)

PR Advice to King & Spalding
(DBN)

Much Shelist $13M Settlement Paves Way for Receiver’s Suit Against Insurer
(DBN)

If You Want A Job In This Economy, Better Work On Your Physical Strength
(DBN)

Last Chance to Make a First Impression
(DBN)

HSBC, Barclays, Hooters, Lehman, Rajaratnam, British Sky in Court News
(DBN)

Fewer BigTex Firms Earn Spots on Deals Lists
(DBN)

Law Firms Cashed in on St. Vincent's Bankruptcy , Report Says
(DBN)

Prosecution of Tax Lawyer Daugerdas Enters Home Stretch
(DBN)

John Galliano Is Suing His Ex-Lawyer
(DBN)

Take Your Shirt Off To Succeed
(DBN)

Earning a Seat At the Table, Part IV
(DBN)

In Texas, it's not 'loser pays,' but it's still pretty good
(DBN)

Foreclosure fraud complaints flood Florida Bar but no lawyer reprimands so far
(DBN)

Reportedly Stabbed in Neck By Client With Pencil During Court Hearing, Lawyer Stays on Case
(DBN)

FCPA Verdict, Galleon, Drilling, HealthSouth, Tax Shelters in Court News
(DBN)

Exonerated Inmates Fight Lawyer's Lobbying Fees
(DBN)

Federal Judge Cuts Fee Sanctions for Withheld Discovery
(DBN)

The Dogs of Law :)
(DBN)

Lawyer Seeks Continuance in the Interest of Marital Harmony
(DBN)

A Better Dialogue Regarding Law School Scholarships
(DBN)

More Drama From UVA Law School
(DBN)

2011 Law School Commencement Speakers
(DBN)

Michigan Law Commencement Walkout
(DBN)

La Verne Law School on the Brink of Losing ABA Provisional Accreditation
(DBN)

The Bonus
(DBN)

"The Good Wife" - Family Law Attorneys, Please Warn Alicia
(DBN)

"The Good Wife" - Cary lands on his feet, mutates into a player
(DBN)

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Judges:

Frost's Beth Buchanan named bankruptcy judge
(DBN)

Judging Is Just Politics By Other Means
(DBN)

Judge of the Day: Calls Defendant ‘G---- Than a Sweet-Smelling J--- Strap’
(DBN)

Federal Judge Issues Arrest Warrant for Well-Known Lawyer, a No-Show for Client’s Trial
(DBN)

Federal Judge Accuses DC of a Discovery Violation ‘of Exotic Magnitude’
(DBN)

Justice Sotomayor welcomes new US citizens
(DBN)

Justice Thomas: making waves in First Amendment jurisprudence
(DBN)

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Wall Street:

US stock futures signal slightly higher open
(DBN)

US stocks carry gains into third day
(DBN)

Goldman Had Just One Losing Day Last Quarter
(DBN - NY Times - Paywall Limit Possible)

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Layoffs:

Unemployed getting stung by prepaid cards' fees
(DBN)

Some employers rethink five-day workweek
(DBN)

Recession Hit Hardest at Lower-Wage Jobs
(DBN - NY Times - Paywall Limit Possible)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Taneja Bankruptcy Trustee Settles Ponzi Scheme Lawsuits
(DBN)

CFTC Tells Goldman It Might Bring More Fraud Charges
(DBN)

Scott Rothstein's wife reaches deal in bankruptcy case
(DBN)

Scott Rothstein's Nightclub Up for Sale
(DBN)

Safra National Bank of New York Sued For $111 Million By Madoff Trustee
(DBN)

Scrushy Wins Partial Reversal Due to Supreme Court’s Skilling Decision
(DBN)

Rich art collection of jailed former CEO to be sold Sunday at Phila. auction house
(DBN)

Madoff Trustee, Fairfield, to Team Up to Go After Noel
(DBN)

More Madoff Victims Closer To Recovery
(DBN)

Unraveling Madoff's web of lies
(DBN)

Bernie Madoff's Liquor Cabinet Goes On Auction
(DBN)

Stanford Super Series owner's fraud trial postponed to September
(DBN)

SEC Missing Stanford Fraud Not Excused by Law, Investors Say
(DBN)

Galleon Deliberations Stretch On
(DBN)

Raj jurors take group photos
(DBN)

______________

Baseball:

Frank McCourt could file for bankruptcy
(DBN)

SAC's Cohen Tipped To Buy Mets Stake
(DBN)

Steve Cohen's Mets bid ruled a wild pitch
(DBN)

Madoff and the Mets - "dubious methods based on flimsy evidence"
(DBN)

______________

Hockey:

NHL considers legal move, maybe a new buyer for Coyotes
(DBN)

Ice Edge Holdings withdraws from Coyotes deal
(DBN)

Coyotes staying in desert
(DBN)

______________

Resorts:

Doral Golf Resort & Spa Put Up for Sale to Cut Debt Following Bankruptcy
(DBN)

Chandler resort lender cries fraud
(DBN)

______________

Food/Beverage:

Harry & David Reaches Consensus with Creditors and Noteholders on Structure for Plan of Reorganization
(DBN)

Harry & David reaches $100 million financing deal
(DBN)

Lenders Ask Giordano's to Return Cadillac
(DBN)

______________

Consultants:

Carl Marks Advises Scovill Fasteners in Sale of Company
(DBN)

______________

Furniture:

Verlo Mattress franchise group files for bankruptcy protection
(DBN)

______________

Nature:

Mississippi Crests in Memphis at 48 Feet
(DBN)

______________

Retailing:

Planned US retail closings fall 36% in first qtr
(DBN)

First-quarter online retail sales up 12%
(DBN)

______________

Tax:

Microsoft-Skype deal shows need for tax reform
(DBN)

______________

Economy:

Boehner: No Debt Limit Rise Without Spending Cuts
(DBN)

Debt Crisis Exposes Oz Behind Tax Pledge
(DBN)

Wall Street says cuts alone won't fix budget
(DBN)

TARP holdings reaped $154 mln in April
(DBN)

Treasury, AIG cut plans for share sale: source
(DBN)

PIMCO raises bet against U.S. government debt
(DBN)

Fed's Lacker: QE2 end high-water mark of stimulus
(DBN)

US recovery inhibited by housing woes-Fed's Duke
(DBN)

Import, small business data point to inflation
(DBN)

Fed's Lacker: Even modest recovery can be inflationary
(DBN)

NFIB: Small Business Optimism Index decreases in April
(DBN)

New Group of Americans Go Hungry
(DBN)

More Bad News for Food Prices
(DBN)

Nation's midsection leading the way to recovery: Meredith Whitney
(DBN)

U.S. Wholesale Inventories Increase 1.1%
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Foreclosures crush home prices
(DBN)

Home Sellers Become US Lenders of Last Resort for Credit-Damaged Buyers
(DBN)

The young find silver lining in housing bust
(DBN)

States Said to Alter Mortgage Accord as Banks, Republicans Balk
(DBN)

So Much For Tough Stance On Robo-Signing, States May Ease Foreclosure Settlement
(DBN)

Foreclosure deal fix is in
(DBN)

In mortgage crisis, a lesson from Iowa farms
(DBN)

AG Settlement Just About Cashed, As Principal Reductions Exit the Picture
(DBN)

Banks Said to Offer $5 Billion to Resolve Probe of Foreclosures
(DBN)

Lawyers questioned on foreclosure signing practices
(DBN)

The Courts Belong to the People of Florida
(DBN)

Sales Volumes Might Be Up, But Home Prices Continue Falling
(DBN)

Florida existing home, condo sales jump in first quarter
(DBN)

Home Prices Drop in 75 Percent of Cities
(DBN)

Phoenix-area foreclosures down to 36 percent of existing home sales in April
(DBN)

Florida 'rocket docket' requests 10-day extension for response to ACLU
(DBN)

Pasquinelli court filing paints a grim picture
(DBN)

Nevada lawmaker seeks lender property protection
(DBN)

US housing system looking more and more like Europe?
(DBN)

Lender Processing faces FDIC complaint on WaMu losses
(DBN)

Foreclosure sale set at Rarity Ridge
(DBN)

Miami's $262 Million Paramount Bay Condo Tower Goes on Auction Block
(DBN)

Gramercy May Lose About 900 Properties on Unpaid Loans
(DBN)

_____________

Trustees:

Getting the Right Bankruptcy Trustee
(DBN)

______________

Banking:

BofA Star Michelle Meyer And CEO Brian Moynihan Have A Disagreement
(DBN)

BofA Billions in Loan Losses at Stake on Moynihan Outlook
(DBN)

Banks Hurry Up and Wait for Guidance from CFPB
(DBN)

Neugebauer Seeks CFPB Documents From Servicing Settlement Talks
(DBN)

FDIC's Bair says money funds run moral hazard
(DBN)

Top Banks Give Nod To Junior Debt Writeoffs
(DBN)

HSBC to slash costs by up to $3.5 billion
(DBN)

______________

Corporate Reform:

Why CEOs Avoided Getting Busted in Meltdown
(DBN)

US Senate banking panel chief defends Dodd-Frank
(DBN)

Nothing is clear when it comes to Dodd-Frank and the CFPB
(DBN)

Zywicki: Bureau of Consumer Protection must put consumers first
(DBN)

Payday Loan Kingpin Praises Elizabeth Warren
(DBN)

Goldman Sachs Kind Of Feels Sorry For Regulators Trying To Keep Them In Check
(DBN)

______________

Gambling:

Atlantic City Casino Gambling Revenue Declined 7.1% in April
(DBN)

Blanca Gaming Not Declaring Bankruptcy
(DBN)

______________

Orchestras:

SSO officially files for Chapter 7 bankruptcy
(DBN)

Absolute Poker And Ultimate Bet Poker Head for Bankruptcy
(DBN)

How Tough Love Averted Catastrophe & Led to 4200 New American Jobs
(DBN)

Orchestra, pops tangle in court
(DBN)

______________

Autos:

GAO: Government still faces hurdles in exiting auto companies
(DBN)

Former GM execs sue for retirement benefits
(DBN)

Chrysler's April Sales Rise 20% on Non-US Gains
(DBN)

Fiat Could Own 70% of Chrysler within Year
(DBN)

Toyota to Return to Full Output Sooner
(DBN)

Toyota: No We Won't
(DBN)

China Auto Sales Growth Slows Jan-April
(DBN)

______________

Oil/Gas:

Big Oil CEOs to Face Congress
(DBN)

Senate Dems seek to end tax breaks for big oil
(DBN)

______________

Ethanol:

Levelland ethanol plant outlines lifeline plan in bankruptcy motion
(DBN)

______________

Telecoms:

Nortel US, Canadian Units Battle European Affiliates Over $9.8 Billion
(DBN)

Nortel US bondholders push for speed on Nortel Europe claims
(DBN)

Nortel gets court approval to sell US headquarters for $43.1m
(DBN)

______________

Mail:

Postal Service reports billions in losses
(DBN)

______________

Golf:

Walden Lake Golf and Country Club owner files for bankruptcy protection
(DBN)

______________

Fashion:

Dov's liquidity drying up
(DBN)

______________

Student Debt:

Congrats 2011 college grads: You owe $22,900!
(DBN)

______________

Tech:

Profile Technologies Files for Bankruptcy Protection
(DBN)

______________

Distressed Investing:

Turnaround Firm Platinum Group Buys Nordquist Sign Co.
(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)

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, Vitro, Madoff, Harry & David, Doral: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

In the Wake of the Recession, Bankruptcies Hit Women, Communities of Color Hard
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Some Powers for Dealing With Failed Financial Firms
(DBN - NY Times - Paywall Limit Possible)

______________

Bankruptcy Rules:

Almost There: This Year’s Nascent Bankruptcy Rule Amendments Head Toward the Finish Line
(DBN)

______________

Celebs:

Trump has lots of experience with bankruptcy
(DBN)

Trump support collapses
(DBN)

Lenny Dykstra Can't Make Bail in Fraud Case
(DBN)

______________

Credit Cards:

Late Fees Drop Two Years After Credit-Card Act, Pew Study Says
(DBN)

______________

Municipalities:

Inside New York City's Ugly Financial Situation
(DBN)

The push toward privatizing
(DBN)

Whistleblowers in muniland
(DBN)

RI Gov: aggressive action needed for troubled city
(DBN)

RI officials: Time running out for Central Falls
(DBN)

Michigan town's woes a sign of tough choices to come
(DBN)

$200k a year lifeguards in California
(DBN)

Wealthy N.Y. Suburbanites Push Back Against Skyrocketing Property Taxes
(DBN)

Dozens of states eye jobless-borrowing sting
(DBN)

______________

Health Care:

Bankrupt St. Vincent's pays millions in legal, other fees
(DBN)

Clarksville hospital seeks $11 million to avoid liquidation
(DBN)

Franciscan Services acquires struggling Ohio hospital
(DBN)

Why American health-care costs so much
(DBN)

Seventh extension likely last for Lower Bucks
(DBN)

______________

Lehman:

JPMorgan denies gouging Lehman in $8.6 billion fight
(DBN)

Most Revealing Lehman Brothers Comment Of The Week
(DBN)

Lehman presses case for dismissal of Morgan suit
(DBN)

RBS, Lehman Minibond Singapore Negligence Lawsuit Dropped
(DBN)

Lehman, Barclays fight over rescue terms
(DBN)

______________

Mass Torts:

BP Rejects Claims for Drill-Ban Losses, Damages to Oil Spill Cleanup Boats
(DBN)

______________

IP:

Apple, RIM, Cisco, Samsung, HTC Could Fight Google for Nortel Patents
(DBN)

Does ARIN have the right to approve all IPv4 address sales?
(DBN)

_____________

Sovereigns:

Paris Club cancels $256 mln of G. Bissau's debt
(DBN)

_____________

Consumer Credit:

Revolving Debt Rose In March; Charge-Offs Poised To Fall Further
(DBN)

______________

Mail:

Post Office has $2.2 bln loss, warns of Sept insolvency
(DBN)

______________

UK:

UK banking group sees split over Basel accord
(DBN)

Bank Of England Downgrades Growth Forecast, Upgrades Inflation Expectation
(DBN)

Retail failure worsens as administrations increase by 55%
(DBN)

Appointment of Administrators - 10 May 2011
(DBN)

Winding Up Petitions - 10 May 2011
(DBN)

Northern Ireland labelled as debt and bankruptcy hotspot
(DBN)

Bankruptcy misery on the rise in Ulster
(DBN)

______________

EU:

France, Germany Stress Need for Unity
(DBN)

Economic catastrophe and eurozone bail-outs explained in plain English
(DBN)

______________

PIIGS:

Greeks go on strike to protest austerity measures
(DBN)

Greece Inches Close to Debt Brink
(DBN)

Greek CDS falls on loans talk
(DBN)

Germany Rejects Talk of Easing Bailout Terms
(DBN)

Greek Out?
(DBN - NY Times - Paywall Limit Possible)

More Greek Out
(DBN - NY Times - Paywall Limit Possible)

EU and IMF start key Athens visit as Greeks strike
(DBN)

Merkel Resists Pressure on New Aid for Greece
(DBN)

Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending
(DBN)

Will These Countries Be The Next To Raid Their Pensions?
(DBN)

Irish thinktank says government should ramp up cutbacks
(DBN)

Spain Says Austerity Measures Working as Deficit Narrows, Spending Drops
(DBN)

______________

Czech Republic:

Czech Lottery Operator's Debt Totals $2.43 Billion, CTK Says
(DBN)

______________

Australia:

D-Day For CEC As Administrators Take Control
(DBN)

Experts warn on SME insolvency outlook as ATO steps up action
(DBN)

______________

New Zealand:

All insolvency practitioners to be registered
(DBN)

______________

Japan:

Japan aims for Tepco compensation scheme this week
(DBN)

______________

China:

China's economy cools, limiting need for tighter policy
(DBN)

______________

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Copyright 2011