October 7, 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:

Dechert Begins Action Against DLA Piper Over Lateral Partner Hire
(DBN)

Feud escalates between Gibson Dunn and Patton Boggs
(DBN)

Survey Results: Biglaw Bonus Predictions
(DBN)

Super-Rich Law School Graduates: Lawyers on the Forbes 400
(DBN)

Baker & McKenzie is the king of all law firms
(DBN)

Irell, Proskauer - Beginning of men-as-finished
(DBN)

Proskauer: Former CFO's $10 Million Discrimination Suit 'Meritless'
(DBN)

Crowell & Moring Hit With Ethics Complaint Over 'Inbreeding' Comment
(DBN)

BofA, JPMorgan, BNY Mellon, S&P, AIG, SocGen in Court News
(DBN)

Deutsche Bank, Credit Suisse, Lone Star, Apple in Court News
(DBN)

A Legal Revolution Begins in UK
(DBN)

Rep. Issa Quizzes FHFA About Firms Hired to Sue Financial Institutions
(DBN)

In-House Counsel’s Three Clients
(DBN)

2011 Law Department Compensation Benchmarking Survey
(DBN)

In Florida, a Legal Oasis Blooms
(DBN)

Big Girls Do Cry
(DBN)

High-profile KEL law firm trims staff
(DBN)

New York Lawyer is Indicted and Arrested in New Jersey, Where He Faces 2 UPL Counts
(DBN)

Lawyers are the filthiest of all office workers
(DBN)

Reema Bajaj Pleads Not Guilty
(DBN)

Attorney who charged excessive fees wins back law license
(DBN)

Secret panel can put Americans on kill list
(DBN)

Sen. Barbara Boxer Accuses ABA of Taking ‘Half Measures’ to Collect Better Job Stats
(DBN)

NYU Law SBA Scandal Resolution: Administration Throws Former Treasurer Under The Bus
(DBN)

Night school grad gives $2 million to law school
(DBN)

Derrick Bell, Law Professor and Author, Dies
(DBN)

'I do' via Skype: MSU law professors propose distance marriage reforms across U.S.
(DBN)

Parents Just Don’t Understand
(DBN)

Greenberg Traurig Opens Mexico City Office, Expects to Have 20 Lawyers There in Early 2012
(DBN)

A $300 bet goes wrong
(DBN)

Kidnapping suspect ended standoff wearing Burger King crown, parrot
(DBN)

Robbers cut off hair and beards of Amish victims
(DBN)

Tale of dead dog’s ashes not enough to save lawyer
(DBN)

Woman Forced to Listen to Rush Limbaugh, Sues
(DBN)

A bizarre lawsuit has the Pinball Hall of Fame playing defense
(DBN)

Alarming Complaint From Morton's Kitchen
(DBN)

One of the most gruesome and notorious crimes ever - Prosecutor opposes parole of 'Black Widow'
(DBN)

______________

Judges:

Scalia Bests Breyer for Senate Zingers, Asserts ‘Every Banana Republic’ Has a Bill of Rights
(DBN)

Lawyer Accused of Car Assault in Narrow Miss with Jaywalking Judge
(DBN)

Union Carbide Judge Disqualified After $322 Million Asbestos Verdict for Oil Worker
(DBN)

Case Dismissed, Says Judge Who Didn't Want to Catch the Flu
(DBN)

______________

Wall Street:

US Stock -Index Futures Retreat; S&P 500 Contract Falls 0.3%
(DBN)

Up again: Stocks close higher on Europe hopes
(DBN)

Stocks Rise on Help for European Banks
(DBN)

Obama Acknowledges Wall Street Protests as a Sign - Video
(DBN)

Biden likens Occupy Wall Street to tea party, blasts Bank of America
(DBN)

Occupy Wall Street keeps a wary distance from the Democratic Party
(DBN)

Confronting the Malefactors
(DBN - NY Times - Paywall Limit Possible)

'Occupy Wall Street' protests continue
(DBN)

Arrested Wall Street Protesters Seek Talks With City Over Police Tactics
(DBN)

NYPD Officer Brags That He Is Looking Forward To Clubbing Protesters
(DBN)

Occupy Wall Street. Again.
(DBN)

Why 'Occupy Wall Street'?
(DBN)

‘Occupy Wall Street’ and the Constitution
(DBN)

Wall Street Protesters Disgusted With Both Parties
(DBN)

Occupy Wall Street March Gets Massive Turnout; 28 Arrested in Police Crackdown
(DBN)

Fox News, AP, and 'Occupy Wall Street'
(DBN)

Occupy, anti-war activists band together
(DBN)

Beyond Wall Street: 'Occupy' protests go global
(DBN)

'Occupy' Movement Comes to Dallas
(DBN)

Hey Occupy Wall Street! You're on private property!
(DBN)

When Will The Occupy Wall Street Protesters Be Kicked Out Of Zuccotti Park?
(DBN)

Wall Street-style protests target downtown Los Angeles bank
(DBN)

______________

Layoffs:

US jobless claims hint at labor market improvement
(DBN)

US employers likely added few jobs in September
(DBN)

Why the Jobs Disappeared
(DBN)

Dwarfs Better Off Tossed Than Jobless, Florida Republican Says
(DBN)

More People Sought Unemployment Aid Last Week
(DBN)

U.S. Underemployment Declines Slightly in September
(DBN)

Unemployed risk a permanent pay cut
(DBN)

Some Unemployed Find Fault in Extension of Jobless Benefits
(DBN)

A job is becoming a dim memory for many unemployed
(DBN)

Consumer Comfort Index in U.S. Caps Worst Quarter Since ’09 on Job Outlook
(DBN)

Survey: Small Business Owners report reduction in employment, hiring plans slightly positive
(DBN)

Defiant Obama challenges GOP on jobs bill
(DBN)

UM economist slashes Michigan jobs forecast for 2012
(DBN)

NYC Firing 700 School Employees Today
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Radio:

Nassau seeks Chapter 11, not 7
(DBN)

______________

Politics:

Nudity Comments Spice Up Senate Battle
(DBN - NY Times - Paywall Limit Possible)

Scott Brown: “Thank God” Elizabeth Warren Didn’t Pose Nude Like Him
(DBN)

Sen. Scott Brown Offends Everyone That Thinks Elizabeth Warren Is Hot ‎
(DBN)

Brown's first major gaffe of 2012 race
(DBN)

Elizabeth Warren abs-olutely has Scott Brown's attention ‎
(DBN)

Scott Brown: Wall Street's Favorite
(DBN)

How Not to Run Against A Woman
(DBN)

Quoted: Elizabeth Warren on how she paid for college ‎
(DBN)

The conservative response to Elizabeth Warren
(DBN)

Protests Offer Obama Opportunity to Gain , and Room for Pitfalls
(DBN)

Herman Cain to the unemployed: 'Blame yourself!'
(DBN)

Obama's September Approval Rating Remains at Term-Low 41%
(DBN)

______________

Economy:

Employment still weak: Jobless claims rise by 6,000
(DBN)

The Latest Evidence That There's Still No Recession
(DBN)

SocGen: 'There's A 65% Probability Of A US Recession'
(DBN)

Obama: Wall Street protesters' frustrations felt by many
(DBN)

Time For A Millionaire Tax?
(DBN)

The Millionaire Tax: Smart Politics, Awful Policy
(DBN)

Congress sits idle while economy falters
(DBN)

The death of Steve Jobs: Steve Jobs and America's decline
(DBN)

Steve Jobs, American Capitalist
(DBN)

World facing worst financial crisis in history, Bank of England Governor says
(DBN)

How debt committee could fake its way to $1.2 trillion
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

California open to deal in mortgage settlement talks: report
(DBN)

Editorial: Don't let lenders off the hook for greed
(DBN)

Attorneys General Settlement: The Next Big Bank Bailout?
(DBN)

Bondi owes state, not banks
(DBN)

What happens if AG mortgage deal falls through?
(DBN)

Foreclosure Talks Move Forward
(DBN)

Want To Save $215 Billion? Eliminate the Mortgage Deduction
(DBN)

Read My Lips: A Refi Plan Is Coming
(DBN)

Why won’t Frannie do principal reductions?
(DBN)

30-year mortgage below 4 pct. for first time ever
(DBN)

New Discounts for Mortgage Borrowers
(DBN)

To Fix Housing, Fix Housing Finance
(DBN)

A Town That Explains Housing’s Conundrum
(DBN)

Census: Housing bust worst since Great Depression
(DBN)

Law Firm to Pay $2 Million Over Foreclosure Practices in New York
(DBN)

The new economics of refinancing
(DBN)

Numbers Up, But Mortgage-Relief Effort Still Falters
(DBN)

KB Home, Partners Settle Fight Over Las Vegas Project
(DBN)

THP could be heading for liquidation
(DBN)

Capmark Financial Group Inc. Emerges From Bankruptcy
(DBN)

Commercial Property Values Flat Amid Economic Fears
(DBN)

_____________

Banking:

WaMu Judge Rejects Quick Approval of New Reorganization Plan
(DBN)

Judge orders WaMu to engage in broad mediation before proceeding with reorganization plan
(DBN)

Bank fees and the free market
(DBN)

Will the Big Bad Banks Save Obama?
(DBN)

BofA CEO: $5 Fee Needed to Pay for Dodd-Frank
(DBN)

We have a 'right to make a profit' - BofA chief
(DBN)

Legislation Would Help Customers Switch Banks
(DBN)

More Americans are turning to credit unions
(DBN)

No Wonder A Bank CEO Is Freaked Out By Occupy Wall Street
(DBN)

A Question of Trimming Pay at Goldman Sachs
(DBN - NY Times - Paywall Limit Possible)

S&P cuts core Dexia banks by one notch, on watch
(DBN)

______________

Food/Beverage:

Not So Friendly's: Bankrupt Restaurant Chain Lays Off 1260 Overnight
(DBN)

Friendly's, Through Fribble-Tinted Glasses
(DBN)

Friendly Ice Cream Wins Court Approval of Bankruptcy Loan
(DBN)

_____________

Photography:

Kodak shares jump as company seeks new strategy
(DBN)

______________

Corporate Reform:

The Multibillion-Dollar Leak - Draft of 'Volcker Rule' Hits Internet, Rocking Wall Street, Washington; 'Proprietary Trading' on Line
(DBN)

Cheat Sheet: Details of the Long-Awaited Volcker Rule
(DBN)

Obama's consumer watchdog is dead in the water
(DBN)

Geithner Warns Republicans on Blocking Consumer Watchdog
(DBN)

Fact Check: The Real Reasons Republicans in Congress are Blocking Richard Cordray
(DBN)

Cordray CFPB director nomination passes Senate Banking Committee
(DBN)

More Whistleblowers Coming Forward Ahead of SEC Case Against Bear Stearns' Cioffi
(DBN)

Did Ignored Madoff Tipster Spark N.Y. Prosecutors' Suits Against Bank of New York Mellon?
(DBN)

Geithner: Financial Services Industry Is Too 'Sensitive' To Criticism
(DBN)

______________

Solar:

Obama defends Solyndra loan, says solar viable
(DBN)

Solyndra Sought Second Guarantee After First
(DBN)

Solyndra’s Bid for Fresh Guarantee Never Seriously Considered, Chu Says
(DBN)

Jonathan Silver to step down after Solyndra controversy
(DBN)

Senate Dems ask Chu for report on US clean energy investment
(DBN)

_____________

Privacy:

Could my privacy policy hinder the liquidation of my company's assets?
(DBN)

Borders customers can opt not to share data
(DBN)

______________

Fraud:

Madoff Trustee Sues ABN Amro, Nomura
(DBN)

Pivotal decision will impact Madoff SIPC proceedings and fraudulent transfer cases
(DBN)

Madoff: A business tale worthy of Shakespeare
(DBN)

Madoff trustee Picard questioned over $59 bln Kohn case
(DBN)

Father and son sentenced for aiding $930 million NJ Ponzi scheme
(DBN)

Soros fails to quash insider trading conviction
(DBN)

Convicted $100M fraudster tried to kill witness: prosecutors
(DBN)

______________

Baseball:

Judge delays ruling on Dodgers' request
(DBN)

______________

Defaults:

Corporate default tally rises by three to 32: S&P
(DBN)

______________

Hotels:

Sagamore Hotel Checks Into Chapter 11
(DBN)

______________

Municipalities:

Retired Central Falls officer may lose his 'unique deal'
(DBN)

Alec Baldwin donates money to Central Falls
(DBN)

Petelos begins job as first JeffCo manager, bankruptcy still on radar
(DBN)

Attorney hired by Harrisburg City Council vows to fight against state takeover
(DBN)

Dexia still bringing stress to a town near you
(DBN)

______________

Autos:

Volvo owner Geely denies reported interest in Saab
(DBN)

______________

Health Care:

California's Palm Drive Hospital Questions Management Firm's Performance
(DBN)

Hoboken University Medical Center Reaches $10M Settlement With Creditors
(DBN)

Hoboken hospital's prospective buyers plan to expand facility
(DBN)

Nurses union files objections to settlement agreement
(DBN)

Denied dentist visit, teen pulls out own teeth
(DBN)

Feds to design health insurance for the masses
(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:

Madoff, Hoboken Hospital, Central Falls, Sagamore
(DBN)

Lehman, Auto Loans, L.A. Dodgers, Madoff, Ambac
(DBN)

Rochelle on Friendly Ice Cream, Chef Solutions, WaMu
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Venue:

A chapter 11 diaspora? House Judiciary Committee considers chapter 11 venue reform
(DBN)

______________

Insiders:

Members May Be Insiders of an LLC Debtor in the Seventh Circuit
(DBN)

______________

Lehman:

Lehman Brothers Unit Sues Goldman Sachs Unit for Failed Deal
(DBN)

______________

Orchestras:

Philly orchestra, musicians reach tentative pact
(DBN)

Mediator hopeful for Louisville Orchestra agreement
(DBN)

City may get little or no symphony
(DBN)

______________

Retailing:

Retailers report solid Sept. gains
(DBN)

Mall Vacancy Rates increased in Q3
(DBN)

______________

Debt Collection:

Debtors to Get More Protection from Collection Under New Regulator
(DBN)

It is Time to Pay Attention to CFPB Developments and Credit Cards
(DBN)

______________

Avoidance Actions:

Trustee in Opus South bankruptcy files preference actions
(DBN)

______________

Awards:

TMA Announces 2011 Turnaround and Transaction of the Year Award Winners
(DBN)

Kirkland & Ellis LLP Receives Three Restructuring Awards from Turnaround Management Association
(DBN)

______________

Museums:

Museum files more bankruptcy details
(DBN)

Future of Slavery museum unlikely
(DBN)

Lender moves to foreclose on Las Vegas Mob Experience, artifacts
(DBN)

______________

Rating Agencies:

Rating Firms' Asset Game
(DBN)

______________

M&A:

Del Monte settlement quantifies cost of conflicts
(DBN)

______________

Oil/Gas:

Oil rises to near $ 83 ahead of US jobs report
(DBN)

______________

Consumer Finance:

Loan Delinquencies Increase For Second Consecutive Quarter
(DBN)

_____________

Celebs:

Camille Grammer Steps Out with Her New Man, A Bankruptcy Lawyer
(DBN)

______________

Credit/Debit Cards:

Will Debit Fees Push Us Back To Credit Cards?
(DBN)

______________

Tax:

JK Harris to file for bankruptcy
(DBN)

______________

Drugs:

Feds: Pot dispensaries must shutdown in 45 days, except this one . . .
(DBN)

California Pot-Clinic Crackdown Threatens $1 Billion Industry
(DBN)

______________

Aviation:

Bankruptcy talk rattles American Airlines' frequent fliers
(DBN)

American Airlines Saddled With High Costs
(DBN)

______________

UK:

UK debt-ridden banks dealt blow as Moody downgrades
(DBN)

Judgment day looms for 'Solicitors from Hell' website
(DBN)

Oaktree to take over Panrico in second debt reorg
(DBN)

125,000 UK jobs saved by Insolvency & Rescue Specialists
(DBN)

Four Seasons Healthcare in talks over debt
(DBN)

Appointment of Administrators - 5 October 2011
(DBN)

Leonard Curtis Business Solutions Group wins corporate recovery firm of the year at prestigious industry awards
(DBN)

______________

EU:

Central Banks in Europe Move to Support Economy
(DBN)

The 4 Trillion-Euro Fantasy
(DBN)

Economists React: ECB Pulls Out Almost All the Stops
(DBN)

Merkel stokes bank rescue speculation
(DBN)

Who Will Rescue Collapsing European Banks When Banks Are Bigger Than Countries?
(DBN)

Merkel-Sarkozy Divided on Default Threat to Banks
(DBN)

ECB skipper braced for more stormy waters
(DBN)

The EU is planning to make a plan to recapitalize banks it declared sound in July
(DBN)

Summer of Banking Delusion Brings Crisis to Europe’s Core
(DBN)

European Central Bank to buy 40bn covered bonds
(DBN)

European Central Banks Extend Global Efforts
(DBN)

ECB buys governments time on banks as Greek default risk looms
(DBN)

Dutch approve euro rescue fund expansion
(DBN)

German minister pledges investment in Greece
(DBN)

Making Case for Jobs Bill , Obama Cites Europe’s Woes
(DBN)

______________

PIIGS:

How Greece Could Escape the Euro
(DBN)

Greeks propose referendum on debt
(DBN)

Greece Submits New Austerity Bill
(DBN)

Greek Fin Min Sees Bond Swap Done By Mid-Dec
(DBN)

ie: State's bankruptcy laws challenged
(DBN)

Island's Hidden Spending Strains Portugal
(DBN)

Spain Makes Banks Pay for Cajas Overhaul to Shield Budget
(DBN)

______________

Australia:

Law firm money man on $2.7m theft charge
(DBN)

Centro to Call for New Trust Vote Following Court Approval
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a curated 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