May 19, 2011

The Daily Bankruptcy News

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Law:

MegaFirm Raises Associate Pay Slightly, Doubles Some Bonuses
(DBN)

2Ls Have to Argue a Hypothetical in Pepper Hamilton’s ‘Hot Seat’ Interviews
(DBN)

Pepper Hamilton Gets Testy with Recruits
(DBN)

Revamping Law Firm Interviews
(DBN)

Freshfields to raise associate salaries
(DBN)

Stern Is Not Bowing Out Gracefully
(DBN)

KEL law firm banned from US bankruptcy court
(DBN)

God is in the Details
(DBN)

Gibson Dunn Launches 10-Part “E-Discovery Basics” Project
(DBN)

Skadden Partner to Head 9/11 Compensation Fund
(DBN)

The Rise of the Wall Street Super Lawyer
(DBN)

Get Rid of Sick Days
(DBN)

Law Firm Introduces App That Notifies Potential Hires About Available Jobs
(DBN)

Should You Be Proud of Having Forgotten More Law Than 20-Somethings Have Learned?
(DBN)

Bingham Must Pay Recruiter $1.9 Million for McKee Acquisition, Arbitrator Orders
(DBN)

Jacoby & Meyers' Newest Fight: Helping Nonlawyers Own Law Firms
(DBN)

Manhattan Prosecutor Said to Withdraw From Strauss-Kahn Case Over Conflict
(DBN)

When Diplomatic Immunity Becomes Total Diplomatic Impunity
(DBN)

Lawyer, Court Reporter Were ‘Accidental Entrepreneurs’
(DBN)

If you look closely, though, you'll notice a few poor souls who burn out immediately
(DBN)

Galleon, Deutsche Bank, Smurfit, Madoff, Lehman in Court News
(DBN)

Lawyer Loses in Court, But Gets Desired Result With PR Battle in Tabloid Case
(DBN)

Would You Work as a Federal Prosecutor — for Free?
(DBN)

The Essential Elements of a Successful Diversity Program
(DBN)

Indiana Tech Moves Forward With New Law School Plans. Can Nobody Stop Them?
(DBN)

15-Year-Old College Grad Is Headed to Law School
(DBN)

Law School Deception
(DBN)

Gender Imbalance: Declining Numbers of Women at Law Schools
(DBN)

San Francisco Cops, In Wake of Misconduct Allegations, Might Start Carrying Cameras During Arrests
(DBN)

Juror dies of heart attack while hearing testimony
(DBN)

Lawsuit of the Day: Woman Allowed To Relieve Pressures
(DBN)

Juror Accused of Asking for a Cut of Any Verdict
(DBN)

Looking to Cut the Rug at the Jefferson Memorial? Think Again
(DBN)

______________

Judges:

Thomas Talks Back
(DBN)

Supreme Court Justices on Writing: Say it Simply
(DBN)

Layoff Announced Today for Hundreds of NY Court Attorneys, Staffers
(DBN)

Former state Supreme Court Justice pleads for another chance
(DBN)

Goodwin Liu: Senate braces for possible filibuster over judicial nominee
(DBN)

Clarence Thomas' visit to Ga. spurs debate
(DBN)

______________

Wall Street:

US Stock Futures Higher Ahead Of Jobless Claims, Existing Home Sales
(DBN)

Wall Street snaps losing streak, but headwinds remain
(DBN)

Goldman Sachs Back at No. 1
(DBN)

______________

Layoffs:

Most Common Jobs Among Lowest Paid
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

SEC proposes new rules for ratings firms
(DBN)

Ratings agencies react favorably to SEC's proposed rules
(DBN)

A New Wall Street Investigation: Is the Hammer Finally Coming Down?
(DBN)

Will New York's Attorney General Finally Nail the Banks?
(DBN)

Feds want your feedback to improve mortgage disclosure
(DBN)

Coming soon: A mortgage you can understand
(DBN)

Is The ‘Perp Walk’ Contrary To Justice?
(DBN)

Tepid Regulatory Response to Loan Crisis Hinders Recovery Current Reaction Lacks RTC’s Aggressive Response to S&L Crisis
(DBN)

______________

Lehman:

Lehman gets green light on $144 million NY tax bill settlement
(DBN)

Judge approves Lehman derivatives sale
(DBN)

Lehman Suit Belongs in District Court, Michigan Agency Says
(DBN)

Lehman, Bank of America Settlement Wins Court Approval
(DBN)

______________

Health Care:

Health Adventure bankruptcy hearing postponed
(DBN)

Health expenses to rise 8.5% in 2012: study
(DBN)

SEC Looks to Revamp Credit-Rating Practices Under Dodd-Frank
(DBN)

______________

Consultants:

GCG Promotes Angela Ferrante to Assistant Vice President, Bankruptcy Operations
(DBN)

______________

Settlements:

Multiple decisions in New Century TRS Holdings, Inc., hold: when you settle a claim, you get what you contract for
(DBN)

______________

Shipping:

Vultures Circling the Drybulk Sector
(DBN)

Karlsen Shipping In Hands Of Receiver
(DBN)

______________

Financial Literacy:

Hard Financial Lessons Learned In College
(DBN)

______________

Turnarounds:

Legal, Practical Reasons Distressed Companies Need Turnaround Advisors
(DBN)

______________

Food/Beverage:

Sbarro Provides Update on Chapter 11 Process
(DBN)

Philly developer can't force bankrupt A&P to drop lease, judge rules
(DBN)

______________

Economy:

Inflation concerns dominate April Fed meeting
(DBN)

Most at Fed want rate hikes before asset sales
(DBN)

Geithner: GOP Will be Responsible for Default
(DBN)

Geithner Offers Fiscal Facts
(DBN)

Plan for Smaller Social Security Checks
(DBN)

IMF Chief May Claim "Consensual"; Hotel Key Card Records Are Likely Evidence
(DBN)

IMF Chief Resigns, Denies Allegations
(DBN)

IMF’s Strauss-Kahn Makes New Bid for Bail
(DBN)

Strauss-Kahn: 'I Want To Protect This Institution'
(DBN)

Scandal Is Another Travesty at IMF Door
(DBN)

The World Economic Order, Circa 2025
(DBN - NY Times - Paywall Limit Possible)

Poll: Americans Want Government to Push Economic Mobility
(DBN)

Senate Blocks Repeal of Tax Breaks for Big Oil
(DBN)

Senate Bill Would Limit Savers Using 401(k)s as Rainy-Day Funds
(DBN)

Fed’s Bullard: Bond Market Will Be Fine When QE2 Ends
(DBN)

How Foreigners Will Buy the US
(DBN)

Government's TARP Investments in Banks Turn $7B Profit
(DBN)

Rich splurging, others scrimping, report says
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Foreclosure attorney David J. Stern sidesteps Fannie arbitration, GSE alleges
(DBN)

Warren: New Mortgage Forms to Empower Consumers
(DBN)

'Shopping sheet' may help buyers select a mortgage
(DBN)

Mortgage applications rose 7.8% last week on more refinancings
(DBN)

Optimism in Housing Market Ignores One Thing: All of the Empty Houses
(DBN)

Foreign Buyers Getting Firesale Prices on U.S. Housing
(DBN)

Treasury establishes single-point of contact rule for HAMP
(DBN)

Consumers peg housing market recovery at 2014 or later
(DBN)

Recovery for New Home Sales: Uneven, Long-Term
(DBN)

What’s the Future of the Mortgage-Interest Deduction?
(DBN)

Freddie Alters Property Insurance Requirements
(DBN)

Southern California Distressed Investor CT Realty Sells Off Notes, Properties
(DBN)

Private investors, issuers tell Senate they're ready for more RMBS deals
(DBN)

CRE professionals warn Dodd-Frank could undercut CMBS recovery
(DBN)

CMBS delinquency rate climbs to 9.22% in April: Moody's
(DBN)

First-quarter commercial foreclosures climb in North Jersey
(DBN)

Razing Buildings to Raise Cash Generating Recovery from ‘Deconstruction’
(DBN)

Minimizing Rental Losses Requires Active Management Days of ‘Set It and Forget It’ Are Gone
(DBN)

Investing in State Tax Liens Understanding the Mechanics of Acquisition
(DBN)

_____________

Debt Collection:

Bartmann Testifies Before Massachusetts AG
(DBN)

______________

Enron:

Enron exec Fastow gets closer to prison release
(DBN)

Enron's Andy Fastow Out of Prison
(DBN)

______________

Orchestras:

Month after bankruptcy filing, Philadelphia Orchestra unveils awareness, fundraising campaign
(DBN)

Phila. Orchestra Cellist Speaks: Don't Blame Us For Bankruptcy, We Rule At Life
(DBN)

______________

Municipalities:

Bankruptcy suggested for indebted Electric City Power
(DBN)

Welfare-queen states
(DBN)

W.Va. jobless benefits fund dodges insolvency
(DBN)

State Pension Showdowns Call for New Federal Referee
(DBN)

______________

Fraud:

Madoff Trustee Drops $212 Million Claims Against Feeders
(DBN)

Peter Madoff’s Wife Sells Palm Beach Home
(DBN)

Madoff Wines, Brown Liquid Help Raise $41530 for Ponzi Victims
(DBN)

Goffer Passed Tips to Galleon to Impress Rajaratnam, Prosecutor Tells Jury
(DBN)

Defense Launches Aggressive Attack on US Case Against Traders
(DBN)

Former Diamondback Capital Manager Pleaded Guilty in Galleon-Linked Probe
(DBN)

Jury Consultants: At Least Part of the Raj Trial Went Well
(DBN)

Perella Weinberg to Fork Over $11.5 Million in Dreier Fraud
(DBN)

______________

Packaging:

Smurfit Shareholders Ask Delaware Judge to Block $3.5 Billion Buyout Offer
(DBN)

______________

Resorts:

Utah company buys Daufuskie resort from lenders who reclaimed it from bankru0ptcy
(DBN)

Yellowstone Club Founder Blixseth Wins Bankruptcy Case Dismissal
(DBN)

Ex-billionaire to seek sanctions against Montana
(DBN)

______________

Hotels:

Bankruptcy Court judge gives go-ahead to unfinished deal to sell Lotus hotel
(DBN)

______________

Sales:

From the Bench: Practice Points Section 363 and Plan Sales
(DBN)

______________

Compensation:w

Citi CEO Gets a Big Retention Deal
(DBN)

______________

Bankruptcy Crimes:

Former Idaho woman sentenced for bankruptcy fraud
(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)

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)

______________

Bankruptcy Statistics:

One in Eight Americans Have Contemplated Bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Lehman, Windstar, Wolf Mountain, Lotus, Alabama Air: Bankruptcy
(DBN)

Merit Group, Windstar, Blockbuster, Tribune: Bankruptcy
(DBN)

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

How to Prepare for Your Company’s Death
(DBN)

______________

Rating Agencies:

SEC to propose tougher rules for credit raters
(DBN)

S&P downgraded more firms to junk over past month
(DBN)

______________

Insurance:

AIG: Government Prays a Bigger Sucker Is Out There
(DBN)

Judge: Insurer Not Responsible For Covering Bank's Losses From Ponzi Scheme
(DBN)

______________

Banking:

Fed Wants Annual Bank Stress Tests
(DBN)

3 Banks Facing Maximum Legal Pain
(DBN)

______________

Personal Finance:

In Consumer Behavior, Signs of Gas Price Pinch
(DBN)

______________

Telecoms:

FairPoint Q1: Revenue declines $16M while broadband subscribership rises
(DBN)

______________

Celebs:

Celebrity Investments Gone Sour
(DBN)

______________

Autos:

Chrysler Said to Prepare to Repay US, Canada Government Loans Next Week
(DBN)

______________

Aviation:

Frequent Flier Plans Still Draw Consumer Ire
(DBN)

______________

Entertainment:

A Yu-Gi-Oh! Battle Gets Real
(DBN)

______________

UK:

Trading While Insolvent
(DBN)

UK Banks Will Be Made to Disclose More Data, BOE's Bailey Says
(DBN)

Appointment of Administrators - 18 May 2011
(DBN)

Winding Up Petitions - 18 May 2011
(DBN)

Commercial Court to rule on UK bankruptcy proceedings
(DBN)

______________

EU:

How the Strauss-Kahn Case Damages Europe
(DBN)

Europe's denial of debt default will only make matters worse
(DBN)

______________

Canada:

Want to Invest in Canada? Buy Some Beef, or Canola
(DBN)

Remaining Hangers stores closing their doors
(DBN)

______________

PIGS:

Greek Bonds Lead Peripheral Debt Decline as Restructuring Concern Persists
(DBN)

Stark: ECB would reject Greek bonds after restructuring
(DBN)

ECB holds line against Greece restructuring
(DBN)

Vienna Could Be a Stop on the Route to Greek Recovery
(DBN)

Greece bankruptcy would have domino effect -Dutch Fin Min
(DBN)

IE: IL&P Mortgage Arrears Increase
(DBN)

Spain raises $4.5 billion at broadly unchanged rates
(DBN)

Portugal opposition says no room for error in bailout
(DBN)

______________

Russia:

Medvedev proposes special bankruptcy regime for agribusiness
(DBN)

______________

MENA:

US, EU Plan New Steps on Syria
(DBN)

U.S. freezes assets
(DBN)

Egypt Running Out of Food
(DBN)

Gaddafi's Wife, Daughter Flee to Tunisia
(DBN)

______________

Japan:

Quake knocks Japan into recession, late 2011 recovery
(DBN)

Economic Effects of Japanese Quake Ripple
(DBN)

______________

Czech Republic:

Sazka uses its debt as a strategy
(DBN)

______________

Denmark:

Moody’s downgrades seven Danish banks
(DBN)

______________

Australia:

Moody's Downgrades ANZ, Commonwealth Bank, Westpac, NAB
(DBN)

______________

Iceland:

Iceland's Economics Ministers Promises Icesave Payment
(DBN)

______________

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Copyright 2011