May 18, 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:

MegaFirm Snags One-Time Skadden Bankruptcy Practice Boss
(DBN)

No Bail, Head Directly to Rikers: Has DSK Been Treated Unfairly?
(DBN)

New York celebrity lawyer perfect fit' for IMF chief
(DBN)

The Law Firm As NASCAR: Adapting to Changes & Finding a Different Groove
(DBN)

Trustee, others working on Madoff case get bigger payout than victims
(DBN)

Madoff bonanza for att'ys
(DBN)

Picard Spends 31% of SIPC Money for Rent, Fees, Filing Shows
(DBN)

Locke Lord Bissell & Liddell’s motion to abate proceedings in legal malpractice case
(DBN)

City of Chicago’s New Top Lawyer Says He Plans to Bring More Work In-House
(DBN)

The Legal Technology Leadership Summit
(DBN)

LinkedIn Expects to Pay Wilson Sonsini $1.5 Million in IPO Legal Fees
(DBN)

Lotsa Dollars and No Sense
(DBN)

Judge Must Decide If $590,000 Fee for "Several Days" Work Is Reasonable
(DBN)

Court rules that "free speech" does not mean that lawyer can oppose former client
(DBN)

The New Associate and the Future of Contract Drafting
(DBN)

Experience/Exposure: Such a high price to pay
(DBN)

Tips for Young Lawyers
(DBN)

Likely Changes for Texas Loser-Pays Bill
(DBN)

Enough With The ABA; Law Students Appeal to the DOE To Force Law School Transparency
(DBN)

Indiana Tech Plans Law School; College President Says Jobs a Challenge in Any Field
(DBN)

Commencement Speechmaking 101
(DBN)

Law Grad Admits Copying Part of His Commencement Speech from YouTube
(DBN)

A Primer for Teaching Law as an Adjunct Professor
(DBN)

Lawyer’s License Revoked After Panel Finds He Hid Funds During His Divorce
(DBN)

Court Calls Lawyer’s Conduct a ‘Textbook Example of How Not to Operate a Law Office’
(DBN)

A Tale of Two Cufflinks :)
(DBN)

Law Firm Hot :)
(DBN)

"The Good Wife" - Proper Alicia Sleeps with the Boss
(DBN)

EEOC Sues Starbucks, Alleging Discrimination Against Employee with Dwarfism
(DBN)

______________

Judges:

Appeals court: Locking public out of court hearing illegal
(DBN)

Justice Breyer Recalls Legal Lessons of the Holocaust
(DBN)

On Judges and Country Clubs
(DBN)

In Da Club
(DBN)

Is the 6th Circuit the Nation’s Most Dysfunctional Appeals Court?
(DBN)

White Male Judges Are Being Discriminated Against (On Television)
(DBN)

Think Oral Arguments Are Important? Think Again, Justice Alito Says
(DBN)

Obama's health care lawsuits: Should we reconsider judicial review?
(DBN)

______________

Wall Street:

Stock index futures point to gains
(DBN)

Stocks Tumble
(DBN)

Goldman Sachs in danger of looking average
(DBN)

How Goldman Sachs Lied To Its Customers And Congress
(DBN)

Wall Street turns on Wall Street, finally
(DBN)

Economy's fading momentum drives money out of stocks, into bonds
(DBN)

______________

Layoffs:

America's Best- and Worst-Paying Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

Hospital runs up hundreds of thousands in unpaid water bills
(DBN)

Doctors Refusing to Treat Overweight Patients
(DBN)

Pricey restaurants in Pelosi’s district getting health care waivers?
(DBN)

______________

Retailing:

Walmart’s US sales struggle
(DBN)

At Wal-Mart, it's all about gas, gas, gas
(DBN)

When Speaking Up Isn't Enough
(DBN)

Lampert takes a stake in Big Lots
(DBN)

______________

Municipalities:

Chicago: Emanuel Unveils Major Budget Cut On First Full Day
(DBN)

Stockton City Council Facing Fiscal Emergency
(DBN)

California State Revenue Jumps $6.6B
(DBN)

States Aren't As Broke As They Thought
(DBN)

Shrinking Calif. state parks : 70 to close
(DBN)

The Real Threat to Teacher's Unions
(DBN)

City of Blytheville Owes IRS $2 Million
(DBN)

______________

Accounting:

Hooray for More Restatements?
(DBN)

CFOs Expect Modest Recovery
(DBN)

UK Watchdog Agency Opens Investigation on Big 4 Accounting Firms
(DBN)

______________

Glass:

Glass Maker Blenko Enters Chapter 11
(DBN)

______________

Telecoms:

Ex-Nortel U.S. Workers, Uncle Sam Wants You
(DBN)

Fairpoint Falls After Saying It's Unlikely to Meet Forecast
(DBN)

______________

Paint:

Merit Group Files for Bankruptcy on Acquisition Costs
(DBN)

______________

Corporate Reform:

Wall Street banks under scrutiny over mortgage loan packaging
(DBN)

SEC meets to discuss oversight of credit ratings agencies
(DBN)

Warren named to Oklahoma Hall of Fame
(DBN)

Treasury Reveals Two Senior Leadership Hires for CFPB
(DBN)

Rules for Employees, Including Its Own, Put S.E.C. on Hot Seat
(DBN - NY Times - Paywall Limit Possible)

Osama bin-Amish
(DBN)

______________

Avoidance Actions:

Tribune Noteholders Win Access to Shareholder Pre-Bankruptcy Payment Data
(DBN)

______________

Mass Torts:

Creditors to meet May 18 in Narco bankruptcy
(DBN)

_____________

IP:

Ericsson Said to Consider Entering Competition for Nortel Patent Portfolio
(DBN)

NMT Medical to liquidate intellectual property in early June
(DBN)

______________

Politics:

How a bankrupt member of Congress spends his money
(DBN)

Lawmakers rebuff pleas to return funds from alleged Ponzi schemer
(DBN)

Republican Overcomes Bankruptcy , Wins Auditor Race
(DBN)

______________

Education:

University of Phoenix Being Probed for Fraud
(DBN)

______________

Celebs:

Former NHL star Luc Robitaille in financial trouble
(DBN)

"The Situation" Sues His Dad
(DBN)

______________

Golf:

Sale of Brick Landing golf course on hold after buyer rescinds bid
(DBN)

______________

Credit/Debit Cards:

Card Scam Is Ammo in Fee Battle
(DBN)

______________

Economy:

Weaker manufacturing and home construction reports knock Treasury yields lower
(DBN)

U.S. Industrial Production Stalls on Auto Disruption; Housing Starts Drop
(DBN)

Big Investors Less Optimistic on Global Recovery
(DBN)

Coburn: 'Gang of Six' Could Be Imploding
(DBN)

The problem with ‘gangs’
(DBN)

US Living in Disney-Like Debt Bubble
(DBN)

Geithner: U.S. must deal with budget woes or pay more
(DBN)

America's New Default Deniers
(DBN)

Geithner Says U.S. Can’t Rely on ‘Magical Thinking’ to Fix Budget Deficit
(DBN)

Adventures with debt-ceiling politics
(DBN)

The History Of The Debt Ceiling
(DBN)

Rogoff Warns of Danger in US Debt
(DBN)

The Great Recession's Lost Generation
(DBN)

We Will Have Another Financial Crisis
(DBN)

Financial Repression Coming to America: El-Erian
(DBN)

Do Do That Voodoo
(DBN - NY Times - Paywall Limit Possible)

CBO: Budget Bill Savings Shrink
(DBN)

In Europe, a first call for IMF chief Strauss-Kahn to quit
(DBN)

Jailed IMF chief faces pressure to quit
(DBN)

Will the power brokers propel Gordon Brown into the IMF job?
(DBN)

The Strauss-Kahn Earthquake
(DBN)

If Strauss-Kahn is out, who might become IMF chief?
(DBN)

Strauss-Kahn wife Anne Sinclair stands by her man
(DBN)

Strauss-Kahn Prosecutors Are Willing to Consider Bail, Lawyer Brafman Says
(DBN)

IMF chief claims consent in hotel 'attack'
(DBN)

Lawyer: Maid who accused IMF chief telling truth
(DBN)

Accuser Described As "Shy, Religious" Immigrant From West Africa
(DBN)

What About the Woman Strauss-Kahn Allegedly Raped?
(DBN)

Dominique Strauss-Kahn: maid named by French media
(DBN)

Maid in IMF chief case suffering 'trauma'
(DBN)

Dominique Strauss-Kahn's lavish life: How does a socialist public servant pay for $3,000-a-night hotel suites and first-class flights?
(DBN)

The Maid Allegedly Assaulted By Strauss-Kahn Lives In Housing For Adults With HIV
(DBN)

Dominique Strauss-Kahn Is On Suicide Watch
(DBN)

Bernard-Henri Levy's defense of Strauss-Kahn smacks of sexism
(DBN)

Ben Stein Watch, DSK edition
(DBN)

Ben Stein’s Shameful Defense of Dominique Strauss-Kahn
(DBN)

Geithner : Strauss-Kahn not in position to run IMF
(DBN)

US Finance Official Calls for Interim IMF Chief
(DBN)

The 'Seduction' Myth: What the French Still Don't Get
(DBN)

French Law, American Custom And The 'Perp Walk'
(DBN)

IMF head held in virtual isolation on Rikers Island
(DBN)

IMF chief will not get diplomatic immunity, State Dept. says
(DBN)

George Soros dumps $800 million gold stake
(DBN)

People plan to work into their 70s or later
(DBN)

$2 Trillion Needed to Fix US Infrastructure
(DBN)

70% of Americans: High Gas Prices Hurt
(DBN)

BofAML survey reveals bleak assessment of global financial conditions
(DBN)

US Manufacturing is Back
(DBN)

Industrial Production unchanged in April, Capacity Utilization declines slightly
(DBN)

Taxing the rich
(DBN)

Religion vs Education vs Income?
(DBN)

Think of the Children
(DBN - NY Times - Paywall Limit Possible)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

3 Major Banks Under Investigation for Role in Mortgage Crisis
(DBN)

Schneiderman, With Mr. Martin, to Probe Mortgage Industry
(DBN)

Probes into banks' mortgage lending grow
(DBN)

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers
(DBN)

The big, and little, mortgage-fraud news
(DBN)

Is Another Major Mortgage Investigation Really Necessary?
(DBN)

Dick Bove Proves His Ignorance
(DBN)

Banks Say Simpler Mortgage Form Could `Stifle' New Products
(DBN)

The “Excess Supply of Housing” War
(DBN)

Look At How Few Houses We're Building
(DBN)

Architecture Billings Index indicates declining demand in April
(DBN)

Construction of new homes plummeted in April
(DBN)

Any Hope in Housing Starts?
(DBN)

Foreclosures Weigh on Housing Market
(DBN)

Chase chairman concedes errors in foreclosures
(DBN)

Foreclosures share of California sales inches down in April
(DBN)

Foreclosure filings drop across most of the West Coast
(DBN)

"20% Down" would have cut out 39% of homebuyers in 2010
(DBN)

Putting “trust” back in American housing finance
(DBN)

Housing Weakness Is Mixed Blessing
(DBN)

How Not To Fix The Housing Market
(DBN)

Bill to Protect Families Facing Foreclosure
(DBN)

'Biggest mistake': Dimon rues action on military families
(DBN)

Tough housing market slams Realtor income
(DBN)

Houston home sales slide more than 14% in April
(DBN)

GA Keen Realty hired to sell Metropark stores
(DBN)

Economically hurting, Impac Mortgage Holdings swings to 1Q loss
(DBN)

Banning Lewis Ranch Files Bankruptcy Plan to Auction Assets
(DBN)

Ex-Lawyer Gets Four Years for Mortgage Fraud, Owes $1.1 Million
(DBN)

Mutli-family Starts and Completions, and Quarterly Starts by Intent
(DBN)

_____________

Banking:

Court allows fraud claim against FDIC
(DBN)

UBS Exodus: A List of Bankers That Left
(DBN)

Activists Cross Moat to Storm JPMorgan Chase Shareholders Meeting
(DBN)

Protester handcuffed at Chase shareholders meeting
(DBN)

Bank Troubled Debt Restructurings Expected to Rise, Fitch Says
(DBN)

Zombie Banks and the Need for a Public Option in Finance
(DBN)

______________

Autos:

Chrysler restructures its debt deal
(DBN)

Toyota, Honda caught short with their buyers 'up for grabs'
(DBN)

Japan's Carmakers May Lose 193,000 U.S. Sales
(DBN)

Judge: Toyota Can be Sued for Economic Loss
(DBN)

______________

Hotels:

Bankruptcy derails Flatiron hotel debt auction
(DBN)

Investor offers $18.5M to buy Lotus hotel in Waikiki
(DBN)

______________

Video Rentals:

Icahn Seeks Unfair Blockbuster Claim Sanction, Law Firm Says in Court
(DBN)

______________

Paper:

AbitibiBowater shares fall after profit miss
(DBN)

______________

Cruise Ships:

Anschutz Unit Wins Ambassadors Bankruptcy Auction With $39 Million Offer
(DBN)

______________

Consumer Finance:

The Truth About Title Loans and Repossession
(DBN)

Low-income households struggle to access credit
(DBN)

______________

New Bankruptcy Opinions
(2 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)

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:

Merit Group, Bernard Madoff, West End Financial: Bankruptcy
(DBN)

Vitro, HearUSA, Lehman, New Stream, Scovill: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Ex-Taylor Bean’s Farkas Sues Insurer Over Legal Expenses for Fraud Trial
(DBN)

______________

Appeals:

This Is a Firm Deadline… And I Mean It!
(DBN)

______________

Litigation:

Plaintiffs Ordered to Pay E-Discovery Costs
(DBN)

______________

Food/Beverage:

Are Restaurants Really Risky Businesses?
(DBN)

______________

Oil/Gas:

WikiLeaks cables show that it was all about the oil
(DBN)

______________

Gambling:

Defamation Suit Over Maryland Gambling Held Up by Bankruptcy Judge - Would interfere with Ch. 11
(DBN)

______________

Orchestras:

Can bankruptcy fix orchestra? No: It damages its reputation.
(DBN)

______________

Nature:

Mississippi River: Closed For Business
(DBN)

Closure cost: $300M a day
(DBN)

‘Cajun Riviera’ Residents Pay Price of Living in Harm’s Way
(DBN)

______________

Fraud:

Raj Trial Done, But His Voice Will Linger
(DBN)

Galleon Defense Worked—to a Point
(DBN)

Galleon stoolie was taping through his hat
(DBN)

Insider trial jurors asked about Rajaratnam, bias
(DBN)

Consultants and lawyers divvy up Madoff recoverables
(DBN)

Peter Madoff's Aston Martin to Be Auctioned
(DBN)

Diamond Investment Ponzi Scheme Operator Gets 10 Years
(DBN)

______________

Finance:

Companies Rush to Borrow - Door Closing On Easy Credit
(DBN)

______________

Tech:

Hewlett-Packard slumps as forecast cut
(DBN)

______________

Tax:

Doctor, wife sentenced to prison for tax evasion
(DBN)

______________

Sovereigns:

S&P’s Latest Credit Ratings by Country
(DBN)

______________

UK:

UK inflation rises to 4.5%
(DBN)

BOE Voted 6-3 to Hold Rate on Consumer Risks
(DBN)

Unemployment Claims Rise Most Since January 2010 as Recovery Stays Fragile
(DBN)

UK Retailers Face Decade Of Austerity
(DBN)

Appointment of Administrators - 18 May 2011
(DBN)

What The Royal Wedding Wrought On The UK Economy
(DBN)

______________

EU:

The eurozone after Strauss-Kahn
(DBN)

Is the Downfall of Dominique Strauss-Kahn Also the Downfall of the Euro?
(DBN)

Europeans Face Up to Chance of 2nd Greek Bailout
(DBN)

ECB's Stark blasts 'vested interests' in US, UK
(DBN)

Merkel's Leadership Gap Fans Greek Crisis: Schroeder
(DBN)

______________

Germany:

Deutsche Bank Counts on Ackermann Testimony to Rebut Kirch Bankruptcy Case
(DBN)

______________

PIGS:

Strauss-Kahn, Greece and IMF Image Problem
(DBN)

Why DSK’s arrest is bad for the IMF, France, and Greece
(DBN)

Greece Risk Rising With IMF Turmoil: El-Erian
(DBN)

Greece May Delay Payments Under EU Proposal to Extend $156 Billion Bailout
(DBN)

EU's Juncker calls for radical Greek privatisation plan
(DBN)

You say restructuring, I say re-profiling
(DBN)

EU breaks taboo, talks of Greek debt restructuring
(DBN)

Greek Debt Restructuring Would Jeopardize Rest of Europe, Bini Smaghi Says
(DBN)

Opposition to Greek Restructuring
(DBN)

Greek bailout will derail without reform -IMF
(DBN)

IMF Greece Mission Head Thomsen Says Nation Needs to Speed Reforms Pace
(DBN)

Guide To the Greek Crisis
(DBN)

Greece needs a strategic plan
(DBN)

Greece Has Options to Fix Debt Woes, but All Lead to Misery
(DBN - NY Times - Paywall Limit Possible)

Westaway Says Strauss-Kahn Arrest Won't Delay Greek Aid
(DBN)

What Happens If Greece Defaults?
(DBN)

Could Greece be the next Lehman Brothers
(DBN)

IMF Approves $2.8 Billion Irish Loan
(DBN)

Drumm corrects bankruptcy errors
(DBN)

______________

Japan:

Documents Illustrate Desperate Hours at Plant
(DBN)

Fresh Tales of Chaos Emerge From Early in Nuclear Crisis
(DBN)

______________

Netherlands:

Van Der Moolen Governance Was Flawed Before Bankruptcy
(DBN)

______________

Belarus:

Belarus Goes Bankrupt Without Any Savior in Sight
(DBN)

______________

Hungary:

Practical Issues Concerning Hungarian Liquidation Rules
(DBN)

______________

Czech Republic:

Czech developer ECM files for insolvency
(DBN)

______________

MENA:

Mubarak to Apologize to Egypt
(DBN)

Thousands Defy Crackdown in Damascus
(DBN)

Libya's top oil official defects
(DBN)

Saudi Arabia Defies Mideast Upheaval
(DBN)

______________

Australia:

Company collapses in Australia remain high
(DBN)

Fertiliser Outfits Go Into Administration After Finance Fails
(DBN)

Moody's Cuts Rating of Four Major Australian Banks
(DBN)

______________

France:

Coeur Défense: The Application of the Safeguard Procedure
(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