September 1, 2011

The Daily Bankruptcy News

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Law:

3M Sues DC Law Firm Chief, Says He Ran Defamation Campaign Under Guise of Seeking $30M Settlement
(DBN)

Lawsuit of the Day: 3M v. Lanny Davis
(DBN)

Law grads take their job frustrations to court
(DBN)

2011 Lifetime Achievers
(DBN)

The Associates Survey - Satisfaction within the midlevel ranks has fallen to its lowest level since 2004.
(DBN)

Two Partners Leave Paul Hastings for Nixon Peabody (Plus Paul Hastings staff layoffs.)
(DBN)

Real Lawyers Settle Cases
(DBN)

Firms consider merit-based partner pay shifts
(DBN)

Linklaters City corporate partner switches with New York counterpart
(DBN)

ABA Proposes Closer Scrutiny of Law School Scholarship Data
(DBN)

New Law School Opens on Schedule in Nashville
(DBN)

Change in GI Bill Hits Veteran Going to NYU Law School
(DBN)

ABA President: Allowing Nonlawyers to Practice Law Isn’t Solution to Justice Gap
(DBN)

Grads of School That Lost ABA Accreditation Can Still Take State Bar Exam
(DBN)

What Will Your Firm Stop Buying In Five Years?
(DBN)

E-Discovery and Compliance Risks Posed by the iPad
(DBN)

Insurers Demand a Piece of Bratz Case $141 Million Legal Fees Award
(DBN)

Former Senate Committee GC Accused of Leaking Secret Info
(DBN)

Patent company has big case, no office
(DBN)

DOJ Sues to Block AT&T, T-Mobile Deal
(DBN)

Dozens of Am Law 100 Lawyers on Hand for DOJ's Suit Against AT&T
(DBN)

The Government’s History of Blocked Mergers
(DBN)

Justice makes the right decision on AT&T
(DBN)

AT&T Comes Up Short on Legal Arguments
(DBN)

AT&T May Owe $3 Billion if T-Mobile Deal Dies
(DBN)

AT&T Antitrust Suit Draws Line in Sand That Will Affect Other U.S. Mergers
(DBN)

Reactions To DoJ Move Against AT&T, T-Mobile USA Deal
(DBN)

AT&T, Cerberus, Primary Global, TCW, BofA, Pfizer in Court News
(DBN)

"I don't care what it costs!"
(DBN)

A "Double Dip" Recession?
(DBN)

Lawyer who allegedly told client to break into foreclosed home faces trial
(DBN)

There’s No Such Thing as Bad Publicity When You’ve Got Swag
(DBN)

Will Shortz, Puzzlemaster
(DBN)

Mel Gibson Settles Child-Custody Case for $750K; Earlier Offer of $16M Reportedly Rejected
(DBN)

First Circuit Upholds Constitutional Right To Videotape Arresting Officers
(DBN)

Woman who recorded cops acquitted of felony eavesdropping charges
(DBN)

Police: Downed Power Line Used By Lawyer in Post-Irene Attack
(DBN)

Attorney convicted in bribery case
(DBN)

“Hot Sauce” Mom Avoids Jail
(DBN)

Man arrested with snakes, tortoises in pants
(DBN)

Man charged with shaving sleeping girlfriend's head)
(DBN)

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Wall Street:

Stock futures fall ahead of key macro data
(DBN)

US Stocks Log Worst Aug. in 10 Years; Dow Up for 2011
(DBN)

Dow Jones ends higher on Wed, loses 530 pts in Aug
(DBN)

The Worst Month for Failed IPOs in a Decade
(DBN)

Wall Street Could Lose $150 Million if AT&T Deal Fails
(DBN)

‘High Risk, High Reward’ Still Draws Graduates
(DBN)

Goldman: The World's Going To Hell In A Handbasket -- Here's How To Cash In!
(DBN)

______________

Layoffs:

Obama plans to outline jobs plan in speech to Congress on Sept. 7
(DBN)

Private sector adds 91,000 jobs
(DBN)

Private Hiring Slows
(DBN)

Smaller Labor Force May Curb US Expansion
(DBN)

Jobs Bill Needs to Target Small Businesses
(DBN)

Employment in Most Cities Makes Gains From 2010
(DBN)

In U.S., Worries About Job Cutbacks Return to Record Highs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Vick May Reimburse Creditors by 2014
(DBN)

Real estate woes of "Real Housewives"
(DBN)

Actor Steven Seagal Sued for Driving Tank into Arizona Home, Killing Puppy
(DBN)

______________

Building Materials:

Claudio Osorio reaches deal with InnoVida trustee
(DBN)

______________

Aviation:

Birmingham-Shuttlesworth International Airport objects to proposed Alabama Aircraft Industries sale
(DBN)

6 Airline Stocks Being Targeted by Short Sellers
(DBN)

Secret CIA flights exposed in billing dispute
(DBN)

______________

Municipalities:

Harrisburg City Council Rejects Mayor’s Plan, Upcoming Bond Payment In Jeopardy
(DBN)

Birmingham, Jefferson County leaders meet to discuss effects of financial situation
(DBN)

Poverty crisis in US gambling paradise
(DBN)

California's last company town votes for independence
(DBN)

Pay cuts in question in Michigan, Illinois
(DBN)

New Jersey Governor Christie Sued by Unions Over Pension, Health Cuts
(DBN)

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Ethanol:

NC's 1st ethanol plant draws $35M foreclosure bid
(DBN)

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Bonds:

Slowest August for junk bonds since 1995
(DBN)

______________

Alternative Energy:

Energy Conversion Devices Continues to Drift Toward Bankruptcy
(DBN)

______________

Video Rentals:

Blockbuster Bankruptcy : All Remaining Stores Shutting Down
(DBN)

_____________

Accounting:

Parmalat Judge Reaffirms Dismissal of Lawsuits Against Grant Thornton
(DBN)

______________

Oil/Gas:

Sevan Marine Posts $639 Million Net Loss, CFO Steps Down
(DBN)

______________

PE:

The #1 Predictor of Startup Failure: Premature Scaling
(DBN)

______________

Economy:

Chicago PMI slows in August
(DBN)

U.S. Manufacturing Probably Shrank in August
(DBN)

Fed's Lockhart: No Policy Can Be Ruled Out
(DBN)

Fed’s Lockhart Comfortable With Current Policy Stance
(DBN)

Federal Reserve Starting to Look Like Congress
(DBN)

ADP jobs report shows paltry growth again
(DBN)

Treasuries Head for Biggest Monthly Gain Since December 2008
(DBN)

Factory orders show 2.4 pct. rebound
(DBN)

U.S . has " enormous " debt problem : ECB's Stark
(DBN)

Demographics: U.S. Moves Closer to Minority Majority
(DBN)

More On The Certain Equality Of Reaganomics
(DBN)

Four Ways This Recovery is Different
(DBN)

Wells Fargo economist Vitner: Recovery could take years
(DBN)

Tallying the Economic Toll of 9/11
(DBN)

Roubini Sees 60% Chance Of A Recession In 2012
(DBN)

10 Strange Facts You Might Not Know About Warren Buffett
(DBN)

Entrepreneurs Still Hurting as U.S. Expansion Providing Few Opportunities
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

______________

Real Estate:

Ruling May Hurt CDD Investors In Florida
(DBN)

The Only Things Certain in Life: Death, Taxes, and…the Finality of Foreclosure Sales?
(DBN)

Goldman, banks strike mortgage deal with regulators
(DBN)

Another Fannie servicing portfolio up for sale
(DBN)

Fannie Mae and Freddie Mac Serious Delinquency Rates mostly unchanged in July
(DBN)

Let's Forgo Latest Grand Fix For The Foreclosure Crisis
(DBN)

Bank of America puts Countrywide lending unit up for sale
(DBN)

KB Home Partner Fights Deal Over Bankrupt Las Vegas Project
(DBN)

FHFA enters into BofA's $8.5 billion mortgage servicing settlement
(DBN)

Robo-Signing Settlement Needs to Go All the Way
(DBN)

Nevada Lawsuit Shows Bank of America’s Criminal Incompetence
(DBN)

Utah Judge questions foreclosures by BofA unit
(DBN)

Nevada AG Catherine Cortez Masto Destroys BofA in New Lawsuit
(DBN)

O'Brien steps up register to battle 'robo-signing'
(DBN)

Chicago Mandates That Lenders Register And Maintain Vacant Properties Before Acquiring Ownership
(DBN)

To Rescue Housing, Speed Up Foreclosures
(DBN)

Why Grand Plans to Fix Fannie and Freddie's Foreclosure Mess Could Misfire
(DBN)

'Sell-It-Yourself' Guru Sues Brokers Who Helped Him Sell His Own Home
(DBN)

Homeownership Rates by Selected Age Groups
(DBN)

Attack on deed of trust in bankruptcy court redux - not all ambiguities are created equal
(DBN)

Mortgage servicers increase private loan modifications in July
(DBN)

Mortgage insurers wrote $4.9 billion in new business last month
(DBN)

Appraisal industry readies for confusing GSE UAD deadline
(DBN)

Politically-Connected Chicago Developer Hit with Foreclosure Suit
(DBN)

_____________

Solar:

Solar company that Obama visited will shut down
(DBN)

Cringe time at White House
(DBN)

Obama's Big Bet on Solar Power Is Backfiring
(DBN)

When Government Fails at Industry Analysis: 3 Solar Cell Bankruptcies
(DBN)

GOP: Solar plan 'dubious' from start
(DBN)

Patrick, Obama share pricey, unhappy solar experience
(DBN)

Solar Start-Up Solyndra to File for Chapter 11
(DBN)

California’s Clean Energy Leaders Say Solyndra Bankruptcy “The Exception Not the Rule” for State’s Renewable Energy Industry
(DBN)

What Solyndra's Bankruptcy Means For Silicon Valley Solar Startups
(DBN)

Solyndra shuts down, and woe is US
(DBN)

Solyndra shellshock: Insiders and observers chime in on the fallen thin-film PV firm
(DBN)

What went wrong at Solyndra
(DBN)

Solyndra fades away
(DBN)

Solyndra Looks Like Big Write-off For Redpoint, RockPort, CMEA, US Venture Partners
(DBN)

Boston's RockPort Capital Partners a key investor in bankrupt solar firm Solyndra
(DBN)

Will lay off 1,100 workers
(DBN)

______________

Weather:

SBA to Tally Irene’s Toll
(DBN)

Airlines Recovering Quickly From Irene
(DBN)

The Cloudy Hurricane Irene Economic Forecast
(DBN)

Obama Declares Irene's Floods Disaster Areas
(DBN)

Nearly 2 million still out of power after Irene
(DBN)

East struggles to recover from Irene
(DBN)

NY Gov. Cuomo says damage from Irene to hit $1B
(DBN)

Hurricane Irene blamed for at least 45 US deaths
(DBN)

Insurers escape Irene's wrath, economy does not
(DBN)

Why can’t the cost of flood insurance rise?
(DBN)

______________

Fraud:

Latest Expert Network Insider Trading Case Underway
(DBN)

SEC Accuses Ex-Syntax-Brillian Executives of Accounting Fraud
(DBN)

Madoff Trustee to Dismiss Some Claims Against Maxam Capital Management
(DBN)

Bernie Madoff Responds to Charlie Gasparino
(DBN)

A Confused Bernie Madoff Accuses Steve Cohen Of Insider Trading And Frontrunning
(DBN)

Petters ex-lawyer gets probation for drug convictions
(DBN)

Attorneys Want to Capture Crookedest Lawyer Ever on Camera
(DBN)

Men with wide faces -- frauds or financial wizards?
(DBN)

Conrad Black on Life in Prison, Maintaining His Innocence, and Why He Blames Rupert Murdoch and News Corp. for His Legal Woes
(DBN)

Ex-Galleon Trader Drimal Sentenced to 5 ½ Year Term for Insider Trading
(DBN)

Inside trader Zvi Goffer in unusual leniency plea
(DBN)

A Busy Day For Insider Trading Cases
(DBN)

______________

Food/Beverage:

Oprah-Endorsed Restaurant Files for Bankruptcy
(DBN)

Restaurant Performance Index declined in July
(DBN)

______________

Telecoms:

Deutsche Telekom Unprepared for AT&T Deal Collapse
(DBN)

______________

Compensation:

25 Big Corp CEOs Made More Than Their Companies Paid in Federal Taxes
(DBN)

Do companies pay their CEOs more than they pay in taxes?
(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:

Boston Generating, Dodgers, Innkeepers, Raser, Deb
(DBN)

Madoff, GSC, Zais, Innkeepers, Borders, Lehman
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Insurance:

Court Enforces Anti-Assignment Clause and Holds Parent of Named Corporation Not Insured Under D&O Policy
(DBN)

Recent D&O coverage decisions
(DBN)

______________

Hotels:

Innkeepers v. Cerberus: Salvos Fly at First Hearing
(DBN)

Innkeepers wants quick pace for Cerberus lawsuit
(DBN)

Cerberus, Chatham Face October Trial in Innkeepers Lawsuit
(DBN)

Report: Loeb out at Renaissance hotel in Boston
(DBN)

NY judge orders Waikiki hotel back to Marriott
(DBN)

Owner of Waikiki Edition hotel files Ch. 11 bankruptcy
(DBN)

Hawaii's Hotel War
(DBN)

______________

Corporate Governance:

Shame on you, Exxon
(DBN)

______________

Mass Torts:

Feinberg gets another claims-processing job
(DBN)

______________

Banking:

In the Eye of the Storm: Defending Bank Officers and Directors in FDIC Litigation
(DBN)

Capital Law May Cut Bank Profitability to 11%, McKinsey Says
(DBN)

Even Buffett can't stop B of A bleeding
(DBN)

Bank Of America's Deal For Buffett's Endorsement
(DBN)

BNY Mellon CEO Fired for Being Difficult: Sources
(DBN)

BNY Mellon, Beset by Legal Challenges, Sinking Stock Replaces Kelly as CEO
(DBN)

______________

Politics:

Rick Perry on Social Security: Reform or abolish?
(DBN)

Perry Sticks By His Guns on Social Security
(DBN)

Rick Perry’s Secret Plan to Save Blue States from the Red States
(DBN)

Perry ‘Pay-to-Play’ Development Funds Miss Job-Creation Targets in Texas
(DBN)

Economist Calls Entitlements A Massive Ponzi Scheme And Says US Is Actually $211 Trillion In Debt
(DBN)

Why Do Conservatives Get a Pass?
(DBN)

Buffett Widens Rift With Republicans by Faulting Tea Party
(DBN)

______________

Autos:

Ford UAW workers approve strike authorization
(DBN)

UAW President Bob King says country is "not broke"
(DBN)

GM Pension Gap May Freeze Buybacks, Dividends
(DBN)

Obama's Labor Boss Buys American Made Car -- Built in Canada!
(DBN)

Saab near loan to avoid bankruptcy
(DBN)

Saab warns may not get funding as losses mount
(DBN)

$157M bank loan may let Saab avert bankruptcy
(DBN)

Saab owner's losses increase ten-fold
(DBN)

Saab Chief Apologies to Unpaid Workers
(DBN)

______________

UK:

Number of bars, pubs and clubs folding increases 9.4% in the last quarter
(DBN)

U.K. Manufacturing Shrinks Most in More Than Two Years as Orders Decline
(DBN)

UK property prices fell in August and expected to drift lower in coming months
(DBN)

Twice the number of people choose to rent than own their own home in UK
(DBN)

FSA freezes assets of several firms
(DBN)

London Loses as Banks Look to Book Trades Overseas
(DBN)

Appointment of Administrators - 31 August 2011
(DBN)

Winding Up Petition - 31 August 2011
(DBN)

______________

EU:

Eurobonds Are the Inevitable Fix for Europe's Debt Crisis: Kleintop
(DBN)

Euro-Zone Manufacturing Activity Plunges To Two-Year Low
(DBN)

Ackermann Rejects Lagarde's Drive for Mandatory Increases in Bank Capital
(DBN)

Both Inflation and Joblessness Hold Steady in the Euro Zone
(DBN)

______________

Canada:

Canada's Economy Shrinks
(DBN)

What Does Canada’s Shrinking GDP Say About U.S.?
(DBN)

Receiver seeks to wind down Blockbuster Canada's ops
(DBN)

Sobering up to NB's fiscal reality
(DBN)

______________

PIIGS:

Ireland: Unemployment Hits 14.4%
(DBN)

Company failures continue to climb
(DBN)

No magic bullet for mortgage arrears
(DBN)

ie: US court asked to deny Drumm protection
(DBN)

Anglo claims Drumm lied in court
(DBN)

Portugal gov't cranks up debt reduction effort
(DBN)

Portugal Promises Biggest Cuts In Decades
(DBN)

Spain's Government Bonds Fall as Nation Sells Five-Year Debt; Bunds Climb
(DBN)

Spanish Bond Auction Scrapes By Thanks To ECB Buying
(DBN)

______________

Australia:

Liquidator 'ate the magic pudding'
(DBN)

______________

Denmark:

Danish Banks Abused Loopholes When Counting Losses, FSA Says
(DBN)

______________

Vietnam:

Vietnam's Banking Outlook to Stay Negative
(DBN)

______________

Austria:

A-Tec CEO gives terms for stepping down
(DBN)

______________

China:

Chinese Manufacturing Index Near 29-Month Low Signals Limits on Tightening
(DBN)

China Does Away With Personal Income Tax
(DBN)

______________

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Copyright 2011