May 3, 2011

The Daily Bankruptcy News

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Law:

Associate Gold Rush: A Stampede of Firms Big and Medium Join the Spring Bonuses Spree
(DBN)

Demand for Associates Drives Pay Back Up to Pre-Bust Bucks (In One Market at Least)
(DBN)

Almost 3K BigLaw Attorneys Down the Drain
(DBN)

Law firms braced for third year of stagnant financials
(DBN)

The Am Law 100 2011: Fat Chance
(DBN)

Infographic: Do You Have BigLaw Chops?
(DBN)

What's the Bigger Obstacle, Gender or Race?
(DBN)

Cadwalader's Partner Scott Greenberg Tapped As Outstanding Young Restructuring Lawyer
(DBN)

Florida judge upholds block on AG investigation into foreclosure firm
(DBN)

Ball Janik site offers window into cases
(DBN)

Merger with 700-Lawyer Affiliate Gives DLA Piper World’s Biggest Attorney Roster, About 4,200 Strong
(DBN)

Allen Matkins Partner Pleads Not Guilty in DUI Manslaughter Case
(DBN)

Meyers Nave Hires Sweet in Municipal Restructuring, Bankruptcy Practice
(DBN)

Color Coded Productivity Computers
(DBN)

Five Tips for Dealing With Obnoxious Opposing Counsel
(DBN)

Court Tells Pines To Ride The Pine
(DBN)

How to combat workplace drama
(DBN)

Prominent Attorney Jonathon Bristol Pleads Guilty in Kenneth Starr Money Laundering Crime
(DBN)

Ex-Winston Partner Pleads in $19M Scheme; Gov’t Says He Sought Law Firm Status, Not Personal Gain
(DBN)

King & Spalding Loses a Second Client - NRA - over Dropped DOMA Defense
(DBN)

King & Spalding’S Reversal Of Fortune
(DBN)

Kagan Praises Clement’s Integrity After His Resignation from King & Spalding
(DBN)

How De-Equitizing Partners Can Undermine A Business Model
(DBN)

What If You're Not a Recruiter's Dream?
(DBN)

Are Am Law Rankings Distorted by Swiss Vereins? Two of Top Five Operate This Way
(DBN)

Lawyers’ Competence at Issue in Supreme Court Appeal
(DBN - NY Times - Paywall Limit Possible)

Alternative Firm Arrangements Surpass Alternative Fee Arrangements for Cost Control
(DBN)

Booty-Dancing Partner: “I Was Falsely Accused”
(DBN)

Retired NYC Lawyer Must Return Pension Overpayment, Court Says
(DBN)

Are Law Schools Deceiving Students by Offering Merit Scholarships?
(DBN)

Law schools may be forced to disclose scholarship retention rates
(DBN)

Which Law Schools Dominate Judicial Clerkships?
(DBN)

Law School Apps Down: College Might Not Be Far Behind
(DBN)

Law Students: Feeling Stressed By Exams? Therapy Dogs are Ready to Provide a Sympathetic Presence
(DBN)

"Prescription chihuahua"
(DBN)

Can a rat be a service animal?
(DBN)

Therapy Kangaroo
(DBN)

Practicing Law in a Post-Apocalyptic World :)
(DBN)

AIG, Barclays, Google, Goldman, Rajaratnam, BofA in Court News
(DBN)

"The Good Wife" - There's Peter, surrounded by boxes, in his new apartment
(DBN)

Cheerleader who wouldn't root for assailant loses
(DBN)

Barclays, JPMorgan, Citigroup, Satyam-PwC, Starr in Court News
(DBN)

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Judges:

U.S. Bankruptcy Judge J. Rich Leonard Honored As Court Technology Pioneer
(DBN)

______________

Wall Street:

U.S. stock futures fall
(DBN)

European stocks fall, led by car makers
(DBN)

Mumbai stocks tumble to lead most of Asia down
(DBN)

US Stocks Fall as Decline in Oil Producers Overshadows Bin Laden's Death
(DBN)

Stocks Start May With Slim Losses
(DBN)

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Layoffs:

Fewer jobs for teens this summer
(DBN)

The Best Cities For Jobs
(DBN)

US Labor Participation Lowest Since Early 80s
(DBN)

Nancy Folbre: Super Sad True Jobs Story
(DBN - NY Times - Paywall Limit Possible)

Where are the jobs, Mr. President, Mr. Speaker?
(DBN)

The St. Louis Fed Presents Its Guide To Our Unemployment Nightmare
(DBN)

Two Out Of Three Looking To Switch Jobs, Says New Survey
(DBN)

Sleepwalking through America’s Unemployment Crisis
(DBN)

Outlook for US Job Creation: Grim
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Southwest Says Fees It Shunned to Remain at AirTran for Now
(DBN)

______________

Corporate Reform:

Headaches at the SEC's think tank
(DBN)

Bank Group’s Chief Expects Warren’s Nomination Soon
(DBN)

US Consumer Finance Agency Plans Draw Concern
(DBN)

Bachus Says Consumer Bureau Proposal Isn't Attack on Motherhood
(DBN)

Fine Print on Dodd-Frank, ‘SOX on Steroids,’ Slow to Arrive
(DBN)

Springtime for bankers
(DBN)

Citadel's Griffin assails too-big-to-fail reforms
(DBN)

Money Talks, Regulation Walks
(DBN - NY Times - Paywall Limit Possible)

______________

Celebs:

Vick paying off all his debt
(DBN)

The skeletons in Trump's closet
(DBN)

President Trump? 'I'm Very Serious'
(DBN)

______________

Debt Collection:

Rule protects federal benefit recipients from garnishment
(DBN)

Total Consumer Statute Lawsuits Rise; FDCPA Cases Hold Steady
(DBN)

______________

Lehman:

Lehman Seeks $500 Million From Barclays in Dispute Over Promised Bonuses
(DBN)

______________

Compensation:

FDIC Wants To Seize Wall Street Salaries? There’s Insurance For That
(DBN)

______________

Economy:

US Manufacturing Grows in April
(DBN)

Household Formation and the "Big L"
(DBN)

The Economic Impact Of Bin Laden's Death
(DBN)

Geithner gives Congress more time on debt limit
(DBN)

Geithner's Bombshell Buried in Debt Warning
(DBN)

Debt-Limit Deniers Say Geithner Tries to Stampede Republicans Into Vote
(DBN)

Treasury extends debt ceiling window to Aug. 2
(DBN)

Treasury Will Act to Avoid Default
(DBN)

6 Senators Hone Plan to Cut Deficit
(DBN)

Sen. Durbin Has ‘Positive Feeling’ About a Gang of Six Debt Deal
(DBN)

What Drives the Deficit?
(DBN)

How US Squandered Its Finances in 10 Years
(DBN)

As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains
(DBN)

Doomsday bunkers selling fast for America’s rich to escape the Apocalypse
(DBN)

Who’s Over-leveraged Now?
(DBN - NY Times - Paywall Limit Possible)

CBO Traces Deficit Back to 2001
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

LPS filed motion for sanctions in bad faith, foreclosure defense attorney alleges
(DBN)

The Chapter 11 “Shell Game”
(DBN)

Florida AG sues three companies for charging upfront fees on loan mods
(DBN)

Mass. high court wades back into foreclosure mess
(DBN)

Vericrest Financial: homicidally otiose
(DBN)

Construction Spending increased in March
(DBN)

Can the Mortgage Industry Clean Up, Pull Together?
(DBN)

Banks try to make vacant foreclosures look 'lived-in'
(DBN)

Phoenix-based Realty Executives files for bankruptcy
(DBN)

Hawaii's foreclosure overhaul calls for mediation
(DBN)

Private mortgage modifications drop 20% in first quarter
(DBN)

TN: Banks try to hasten foreclosures in state
(DBN)

RMBS market worries quiet mortgage cramdowns may get louder
(DBN)

Cash-flush investors still cautious about RMBS
(DBN)

Freddie Mac provides mortgage forbearance for victims of southern storms
(DBN)

Thornburg Mortgage Trustee Sues JPMorgan, Citigroup in Bid for $2 Billion
(DBN)

_____________

Health Care:

Doc holiday
(DBN)

______________

Autos:

Chrysler 1st Profit Since Bankruptcy
(DBN)

Profits at Last! Chrysler Finally Makes Some Money; Now the Hard Part Begins
(DBN)

Chrysler Profit Shows Detroit Revival as Japanese Struggle
(DBN)

Record Fall in Japan's Car Sales
(DBN)

Short-term loan to let Saab make cars again -- for a while
(DBN)

Honda to Cut Production of New Civic
(DBN)

China's Hawtai Motor comes to Saab's rescue
(DBN)

______________

Hollywood:

Lights, Camera, Auction
(DBN)

______________

Banking:

Problem-Asset Sales Heat Up As Capital Swells, Stigma Wanes
(DBN)

WaMu Inc. bankruptcy costs top $400M
(DBN)

Banks Said to Be Quizzed by European Union Over Libor Rates
(DBN)

Swapping Your Dead Cow For My Dead Pig Won't Fly With OCC
(DBN)

Fed: Banks more willing to make consumer loans
(DBN)

Banks Adding Treasuries Signal Lower Confidence in Recovery
(DBN)

______________

Distressed Investing:

JCR Raising $100M to Lend on Distressed Properties
(DBN)

______________

IP:

Nortel OK'd to auction patent portfolio June 20
(DBN)

______________

Municipalities:

Financial Martial Law in Michigan
(DBN)

Gov. Rick Snyder wants state assistance to help struggling schools, not emergency financial managers
(DBN)

Snyder sees emergency financial managers as failure to work together
(DBN)

Indiana muni bankruptcy bill sponsor to try again
(DBN)

Las Vegas monorail's future is in question
(DBN)

______________

Credit Counseling:

Supreme Court to Hear Arbitration Case re Consumer Rights Under Credit Repair Law
(DBN)

______________

Credit/Debit Cards:

Bank Seeks Order Blocking Fee Caps to Process Debit Card Transactions
(DBN)

Anatomy of a $500,000 credit card fraud
(DBN)

Swiped: Banks, Merchants And Why Washington Doesn't Work For You
(DBN)

Debate Over Debit Card Regs Misses Some Potentially Pro-Consumer Rules
(DBN)

______________

Tax:

US Might Make More Firms Pay Corporate Tax
(DBN)

U.S. Business Has High Tax Rates but Pays Less
(DBN - NY Times - Paywall Limit Possible)

______________

Hockey:

Negotiations for the Dallas Stars progress
(DBN)

______________

Retailing:

Furniture Retailer Cisco Bros. Files Chapter 11
(DBN)

Sears ailing
(DBN)

______________

Education:

Is A College Degree An Insurance Policy?
(DBN)

What’s a college education worth?
(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)

______________

Miscellaneous:

Vitro, Harry & David, BankUnited, Metropark USA: Bankruptcy
(DBN)

Lehman, Borders, Blockbuster, Innkeepers, Javo: Bankruptcy
(DBN)

______________

Bankruptcy Statistics:

HI: Bankruptcies fell in April for fourth time in 5 months
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Poetry:

LA Dodgers
(DBN)

The NFL
(DBN)

______________

Disclosure:

Think You’re Out of Hot Water Once Disclosure Statement Is Approved? Think Again . . . Court Denies Confirmation Over Inaccurate Disclosures
(DBN)

______________

Banking:

Banks Are Lending, But Not Enough
(DBN)

______________

Fraud:

Ex-Lawyer for Kenneth Starr Admits Role in Fraud
(DBN)

Rajaratnam Has Emergency Surgery on Foot
(DBN)

Galleon Judge Says No Deliberations Tomorrow Due to Juror’s Procedure
(DBN)

"I hate you, I'm not telling you a thing."
(DBN)

Santander fails to dismiss Madoff feeder fund suit
(DBN)

Bernie Madoff Movie Back On Track
(DBN)

Madoff: Paper trails and trials
(DBN)

Trustee for Madoff victims faces tough road
(DBN)

Warren Buffett Lets the Facts Bury Sokol
(DBN - NY Times - Paywall Limit Possible)

The Citi broker who alerted Buffett to David Sokol's odd Lubrizol story
(DBN)

Buffett Cut Sokol Calls Short, Saying, ‘We Just Shouldn't Talk’
(DBN)

Rothstein and habeas corpus
(DBN)

Want a piece of Hecker? You have another shot
(DBN)

Newest Hecker auction would include the $60000 fur coat he gave Rowan
(DBN)

______________

Food/Beverage:

Owner of Girls Gone Viral KFC Files for Bankruptcy
(DBN)

Bankrupt Harry & David still hiring
(DBN)

______________

Golf:

Auction Time for Connecticut Country Club
(DBN)

______________

Orchestras:

The Philadelphia Orchestra Declared It, So Who's Next?
(DBN)

The Philadelphia Orchestra's Unfortunate Bankruptcy Filing
(DBN)

______________

Telecoms:

EchoStar says Terrestar's auction rules uncertain
(DBN)

Nortel's European Units Seek More Than $10B From Parent
(DBN)

Nortel gets court nods for Google's "stalking horse" bid for patents
(DBN)

______________

Oil/Gas:

Oil Industry to Public: Suck It Up Whiners
(DBN)

Bernanke's Fuel, Oil's Rally
(DBN)

______________

UK:

UK Households: Worst for Finances Since 1977
(DBN)

The UK Economy Just Got Even More Bad News
(DBN)

Manufacturing grows at slowest pace in 7 months
(DBN)

The Weird Thing About That Dismal UK Economy
(DBN)

Time to Pay is 'ticking time-bomb' from the taxman
(DBN)

Goldman Cheats and Wins Again: Gets Special Treatment in UK Tax Abuse Settlement
(DBN)

Retail sales strong in April, outlook poor
(DBN)

______________

EU:

Buffett Criticizes Europe on Debt Woes
(DBN)

Bond Vigilantes Ignore Next Stage of Euro Mess
(DBN)

Europe Producer-Price Inflation Unexpectedly Accelerates
(DBN)

______________

Canada:

Gyro-Trac: COMI Under Part IV of the CCAA
(DBN)

______________

PIIGS:

Spain's Jobless Ranks Soar
(DBN)

Greece hopes tax crackdown raise funds
(DBN)

ECB Official: Extension of Greek debt maturities possible
(DBN)

Year after bailout, Greece rejects debt restructuring
(DBN)

Will Europe socialize Greek losses?
(DBN)

IE: 558 companies declared insolvent in 2011
(DBN)

New York Investor ‘Confident’ Irish Debt Spat Accord Possible
(DBN)

Portugal needs over 100 billion euros in aid - report
(DBN)

______________

MENA

Syrian Army in Widespread Raids, Arrests
(DBN)

An Introduction to Shari'ah Considerations in Bankruptcy and Insolvency Contexts and Islamic Finance's First Bankruptcy
(DBN)

Over 270 debt-ridden Gulf immigrants committed suicide
(DBN)

Bern freezes assets
(DBN)

The Worst Thing Ever Written About The Conflict In Libya Or About Cappuccino
(DBN)

France Is Dropping Concrete Chunks on Libya
(DBN)

______________

China:

China: Factories Slow Output Growth
(DBN - NY Times - Paywall Limit Possible)

Chinese Real Estate Developers Profits Drop, Debts Approach One Trillion
(DBN)

______________

Mexico:

Mexican court dismisses Vitro involuntary bankruptcy
(DBN)

______________

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Copyright 2011