Below are my last 51 bankruptcy case tweets of August 2011 and 6 other tweets of general interest since my last post of August 25.  RSS Feeds are also available.  All my twitter posts are here (twitter) or here (blog).  

Twitter doesn’t seem very Google-friendly so it seems the only way to search for these tweets through Google is by posting them on my blog, which is why I’m now catching up on posting my tweets to the blog.

The chart from a post entitled The Housing Dip Continues is the "Money Game Chart of the Day" for 8/30/11. 

Bankruptcy Cases and Topics

• B-DE lacks S-M JD over post-conf. related-to actions vs NYS not reserved in plan; incr. recoveries give insuffic nexus. http://t.co/Z9ovEwn

• B-SDNY analogizes Madoff’s co-founder to Icarus who flew giddily towards Madoff until his wings of innocence melted. http://t.co/Zx70xtZ

• MD-FL: Dbtr’s discov. failures mean evid of $200M forfeiture settlement & any "adverse tax conseq" excluded from trial. http://t.co/SDIIJ7U

• MD-FL: Atty lien wont attach to plan payments; conf. order is final jdgmt & lien notice must issue bef. jdgmt entered. http://t.co/Gsr8mfw

• B-FL: §506(c) overrides state law under which lenders aren’t required to pay condo assessments during foreclosure case. http://t.co/SWRi3MU

• B-MI allows small bs. plan to proceed w/out required extension under §1129(e) bec debtor was diligent & issues complex. http://t.co/popVH0Nt.co/popVH0N

• B-TX: Noncollusive foreclosure complying w/state law avoidable as pref. if cr. gets prop. for less than in hypoth. liq. http://t.co/ev7MqOFt.co/ev7MqOF

• B-TX reviews circuit split―& unpalatable resolution―re extent of postpet. pre-rejection rent due under §365(d)(3). http://t.co/N49wR3O

• B-TX adopts 4th Cir. Midway that §365(d)(3) allows a landlord to recover an administrative expense under §503(b). http://t.co/N49wR3O

• B-TX analyzes landlord right to stub rent, holdover/pre-rejection period & post-rejection/pre-vacancy period.  http://t.co/N49wR3O

• B-MT holds per Stern ok to decide eq. subord & pref. actions but not fr. tsf ones bec they arent w/in public rts excep. http://t.co/g4NzRl4

• B-MI: Deferred payment to 1-time funeral home creditor not pref. bec credit extensions w/in ord course of its business. http://t.co/Sghf59b

• 8-BAP: Per Stern, removed replevin actions against nondebtor cos. arent core bec they dont arise in or under a BK case. http://t.co/QFyBARZ

• SDNY: Sec. Pltfs appeal of 3d party releases equitably moot for failure to object at conf. or seek stay pending appeal. http://t.co/K78eYvf

• B-ND wont lift stay or dismiss case on eve of foreclosure sale even where CEO makes seeming low-ball offer for asset. http://t.co/CwYOEqp

• D-AZ concluded presumption ag. fraudulent joinder wasn’t rebutted, so diversity jurisdiction destroyed & case remanded. http://t.co/1XeUA7b

• B-TN: Prior NY law requiring LLC’s dissolution upon BK filing of a member is rendered ineffective by § 541(c)(1). http://t.co/JqoYoPJ

• B-TX: Dischargeability right & amount nondischargeable is central to public BK scheme, so BK Ct can rule on per Stern. http://t.co/7Z1GU1s

• B-MA reviews enforceability of entity’s voluntary agreement not to file BK; gen. requires indep. showing of bad faith. http://t.co/XfagZq9

• B-MA: BK filing for sole purpose of frustrating imminent foreclosure is not in & of itself bad faith. http://t.co/iTFgsM9

• B-MA: State Ct. injunction ag. right to file BK or to convey property to enable BK filing is overbroad & unenforceable. http://t.co/iTFgsM9

• B-MI concludes per Stern can enter final orders in 363, 303, 362, 524, claims resolution & (maybe) 1123(b)(6) matters. http://t.co/NBo0Ufq

• B-MI asks: Would citing to Murray’s have derailed GM 363 sale bec Art. III judges & adjuncts can’t enter such an order?  http://t.co/NBo0Ufq

• Weil Bankruptcy Blog post collects some of the cases interpreting Stern v. Marshall. http://t.co/Jht3buj

• B-MD: Whether debtor is a "business trust" per §101(9)(A)(v) is a federal question independent of state law rules. http://t.co/BD1KjrL

• B-MD: Debtor is "business trust" per §101(9)(A)(v) if "primary purpose" is to carry on business & not to preserve res. http://t.co/BD1KjrL

• B-NJ: §506(b) applies only to postpet. int/fees/costs; prepet. penalties/int/fees/costs governed by §502 not §506(b). http://t.co/E3xAQWS

• B&W Creditor Blog: Coudert Brothers LLP Bankruptcy: Development Specialists, Inc. v. Orrick Herrington & Sutcliffe. http://t.co/nc9XIxc

• D-IL: Attorney-client privilege wont survive a corp.’s death; Ct reviews factors to determine whether corp. has "died." http://t.co/MhzUwDm

• B-MT: Funds sent by 3d parties to indiv ch 11 dbtr’s atty as retainer was gift that ch 7 trustee owned upon conversion. http://t.co/TaxNVYe

• D-NY: IRS not objecting to liq. trust’s claim of liability doesnt deprive BK Ct of post-conf. JD to fix liab. per §505. http://t.co/PaYt3Cx

• SDNY: Claims of fraudulent inducement to enter into guaranties not ground for invalidating jury waivers therein. http://t.co/zmwKAeS

• D-LA: Per FRBP 8003(a), obtaining leave to appeal interloc order w/out filing sep. motion for leave is fatal to appeal. http://t.co/tsMhfFy

• D-NC: No "unusual circumstances" warrant extension of stay to nondebtor’s counterclaim against nondbtr co-pltfs w/dbtr. http://t.co/Ob3SX5f

• D-DEL dismisses appeal of Spansion confirmation order on equitable mootness grounds under Continental 5-factor test. http://t.co/bgnZhS2

• B-VI notes circuit split re if burden of proof for intentional fraudulent tsf is clear & convincing or preponderance. http://t.co/9SbnOVK

• B-VI, applying Stern, issues final jdgmt on §548/549 issues, but if―Stern read broadly―only a report on §544(b) issue. http://t.co/9SbnOVK

• B-VI: Courts have relied on the word "value" in § 550(a) to authorize a pre-jdgmt interest award in avoidance actions. http://t.co/9SbnOVK

• B-VI: §544(b) standing exists only if an unsec. cr. exists who can assert the requisite nonBK cause of action. http://t.co/9SbnOVK

• B-VI: Imputation doctrine can attribute officer fraud to corp in fraudulent tsf, subject to rules re adv. int. excep. http://t.co/9SbnOVK

• D-AL: Mutual releases in plan between debtor & insiders appropriate where plan funding came from insiders in exchange. http://t.co/pHgBqWu

• D-FL reminds about the complications on appeal of a BK judge adopting counsel’s proposed order nearly verbatim. http://t.co/1AhIsl4

• D-FL: Lease dispute w/dbtr is noncore: involves no subst. BK rt, is governed by state law & can be decided out of BK. http://t.co/1AhIsl4

• 5th: BK Cts can recharacterize any debt to equity (not just insider claims) as part of inherent authority under §502. http://t.co/URgmFbA

• 5th: Actual notice of bar date required for known crs., while publication notice in WSJ is sufficient for unknown crs. http://t.co/m4SDNVC

• D-OH: Individualized dgs. recoverable under UFTA doesn’t mean an indiv. cr. has stdg in a BK to bring a fr. tsf action. http://t.co/q4zVrh8

• D-OH cites to cases that once BK filed, cr. loses standing to bring fr. tsf, alter ego, or RICO claims ag 3d parties. http://t.co/q4zVrh8

• D-OH denies nondbtr’s claims ag dbtr’s atty for aiding a fr. tsf bec injury is general & common to dbtr & all crs. http://t.co/q4zVrh8

• D-OH: Whether dgs general/specific, not sep./sameness of pool of money, determines nondbtr’s rts to sue 3d parties. http://t.co/q4zVrh8

• B-PA: Absent express lang. in stip, funds escrowed in adeq prot stip for taxes aren’t in trust for sec cr or tax body.  http://t.co/6NgDr2P

• D-KY: Notice of appeal too late bec BK Ct’s deferring issue of post-jdgmt int./fees didnt change final nature of jdgmt. http://t.co/m4SDNVC

Topics of General Interest

• Indeed a great read @johnpmcdermott   Tony Blair’s ostensibly contrarian column on the cause of the riots http://gu.com/p/3xbzx/tw @guardian

• Remembering my Mom, A"H, who survived the Holocaust & rebuilt w/ dignity, on the 5th anniv. of her passing. Story here:  http://t.co/FpbAMrj

• Dow surges 322 points on news that DC hit by large earthquake.  @alexjakubowski

• Tweaking The Algorithm: Google Gives A Small Peek Behind The Curtains http://tcrn.ch/nEh2mq

• Analysis: Solar shakeout will bring more failures, few deals | Reuters http://reut.rs/osAtJ8

• Widespread Radiation in Japan-Latest data point to cesium spreading, potentially contaminating rivers, lowland & ocean. http://t.co/FuxQQuQ

 Thanks for reading!

All caught up…  Below are my next 54 bankruptcy case tweets of August 2011 and 8 other tweets of general interest since my last post of August 24.  RSS Feeds are also available.  All my twitter posts are here (twitter) or here (blog).

The chart from a post entitled The Brand New Scariest Jobs Chart Ever is the "Money Game Chart of the Day" for 8/5/11. 

Bankruptcy Cases and Topics

• B-SDNY in Dreier case vs. Wachov reviews law re propriety of collapsing transactions in analyzing fraudulent tsf issues. t.co/NwIS0E9

• B-SDNY agrees that pltf only req’d to plead fraudulent intent of transferor under NY intentional fraudulent tsf law. t.co/NwIS0E9

• B-SDNY: NY Law of "fair consideration" in Ponzi scheme requires tsfee act in good faith & shouldnt have known of Ponzi. t.co/NwIS0E9

• B-SDNY: Having reason to question Dreier’s honesty/acctg of funds, isn’t equiv. to actual or constr knowledge of Ponzi. t.co/NwIS0E9

• B-SDNY dismisses fraudulent tsf & preference actions vs Wachovia in Dreier Ponzi under FRCP 12(b)(6) w/leave to replead. t.co/NwIS0E9

• B-SDNY: Substantially contemp. for pref. defense is case-by-case, but 3 day perfection delay is virtually simultaneous. t.co/NwIS0E9

• B-SDNY-Foreign Rep seeking emails only got ex parte relief in UK, but no ex parte ch 15 relief here as ag. publ. policy.  t.co/NgwYn1E

• B-CT looks to Black’s Dict. & sees no "scheme" here to hinder creditors that justifies lifting stay per §362(d)(4)(A). t.co/4JfQijf

• B-FL: Forfeited earnest money deposit for real estate contract subject to the lien of mortgage lender, not UCC lender. t.co/Ok0sEZ6

• B-KS: agree w/minority that §1409(b) venue limits dont apply to avoidance actions per plain meaning of "arising under. t.co/kRcvP0o

• B-TX: Equitable tolling not apply to §549 claim where applic. depends on conduct of a 3d party and not the defendant’s. t.co/FRKCcOy

• D-NV: Bank didnt waive right to demand full payment & to immediately foreclose simply bec adeq. prot. order was entered. t.co/gPEfWnA

• B-DC: Motions to remand or that Ct lacks subject matter JD are core proceedings that BK Ct can enter final orders on. t.co/f7CacUC

• B-SDNY reminds that Cts generally won’t modify loan agreements imposing default interest rates, esp for solvent debtor. t.co/Xu9j4j8

• B-MD won’t approve discl. st. for fatally flawed plan w/improper releases: "to do so would be an exercise in futility." t.co/sJl2Ciu

• B-IL strikes $13.9M proof of claim not electronically filed by FL atty, who compounded his error w/several more. Ouch!  t.co/lG0aYb5

• B-TN reminds that focus of reasonably equivalent value issue is on value received by the debtor not the transferee. t.co/jS6Nh2t

• B-IL:Pltf in §523 case precluded by judicial estoppel from bringing fraud claims that weren’t part of state ct. jdgmt. t.co/4mfCSsz

• BK-MS wont enjoin LA Distr Ct from proceeding w/ nondebtor litigation absent explicit authority empowering Ct to do so. t.co/PHure47

• SDNY: §502(d) is pers. disabil. of claimant-not claim attribute; it only attaches to "pure assignment" (vs. sold) claim. t.co/YLF7KYS

• B-DE: D&O get defense costs bec. RICO, Avoidance, & "Covered Matters" actions are "Related Claims" under D&O Policy.  t.co/NAE8rKN

• B-MA: 100% of FMV on a debtor’s Schedule C "should be like catnip to a trustee," so failure to timely object is fatal. t.co/LrPUTsl

• B-TX agrees that unsec. cr. can’t get postpet. fees & costs-even if contract permits them-under ch 11 plan paying 100%. t.co/16ahzKw

• 11th: Sov. Immun. shields FL DOR & VA DSS from claims for stay violations in trying to collect prepet. interest on DSO. t.co/Dr4uiyq

• D-TX: ERISA plan insurer states valid claim for constructive trust on collected premium not turned over & swept by BOA. t.co/h93XpFO

• D-KY cuts atty fees award to K&E for contract breach by 2/3; case not difficult and Ashland, KY local rates sufficient. t.co/2H8ej5R

• B-SDNY applies 2d Cir Enron op. & holds that cash tsf to fin. inst. as agent for redemption meets §546(e) safe harbor. t.co/VmTMLnW

• B-IL doubts §523(a)(2)(A) false pretenses claim can be sustained w/out proof of positive acts to further the deception. t.co/vF8krhw

• B-AZ: Litigation dgs. owed to dbtr for atty fees arent limited by what dbtr actually paid attys as unsec cr. of estate. t.co/PIwOL09

• B-SDNY extends time to complete defective service on corp (named officer not req’d); doesnt dismiss bec lim. pd had run.  t.co/t9XL988

• B-MI permits UST’s Rule 2004 exam ag. BofA re practice & procedure in filing claims for possible abuse of BK process. http://t.co/3dmkXdg

• B-AL: Golf course subject to implied restrictive covenant to operate prohibits 363 sale free & clear of such covenant. t.co/O72CQfq

• B-SC: Bona fide dispute exists under §363(f)(4) if there’s an obj. basis for disputing validity of asserted interest. t.co/qeKVel0

• B-TX: Cplt for turnover of disputed debt per §542 not dismissed per FRCP 12(b)(6) unless recovery not available at all. t.co/AlL61KT

• B-TX reviews separate doctrines of abstention/remand/removal & procedural devices of "mand. remand" & "mand. removal." t.co/AlL61KT

• B-IL: Filing an Objection to Discharge is a complaint that-while deficient in form-was timely filed & could be amended. http://t.co/c05eW4h

• D-CO: LLC member lacks standing to appeal a Court order for relief granting an involuntary petition. t.co/Lp3a7Id

• D-CO acknowledges validity of provision in LLC operating agr. prohibiting management from filing a bankruptcy petition. t.co/Lp3a7Id

• B-IL acknowledges that Twiqbal standards lessened when individual info of Def.’s role uniquely w/in Def.’s knowledge. http://t.co/ekrxyst

• B-IL acknowledges that Twiqbal standards lessened in BK where necessary information is 2d hand & records in disarray.  t.co/ekrxyst

• B-TX reviews scope/extent of stay applicable to property owners assn dbtr re common area / assessments / rents / dues / fees. t.co/FA0NUIg

• B-DE dismisses aiding & abetting breach of duty/conspiracy claims vs ttee’s agents for mismanaging value of I/O strips. t.co/iAJZ6fM

• B-MD denies all fees to conflicted attys who rep’ed dbtr & simultan. rep’ed largest creditors in unrelated st. ct case. http://t.co/40hf6v4

• 5th amends remand ruling to permit partial recovery on $29.7 admin claim if nec. to avoid equitable mootness concerns. t.co/40hf6v4

• B-TN reviews case split & adopts narrower view that absolute priority rule still applies in individual chapter 11 case. t.co/9XvfJV2

• B-SDNY: To get prepet. prejdgmt interest on P/C in BK, NYCPLR requires "sum awarded" by judgment, verdict or decision. t.co/jcdW8lX

• 2d Cir: Use of the "Net Investment Method" by Madoff Trustee for calculating the "net equity" of customers was proper. t.co/7LmswrU

• 2d Cir: Madoff Trustee not obligated to step into defrauder’s shoes or treat customer statements as reality. t.co/7LmswrU

• 2d Cir: SIPA doesnt prescribe a single way of viewing "net equity" in the myriad situations types of SIPA liquidations. t.co/7LmswrU

• 2d Cir, in rejecting "Last Statement Method," doesn’t hold that this way of calculating "net equity" is impermissible. t.co/7LmswrU

• 7th: Unless buyer particip. in alleged fraud, rescinding 363 sale not approp. on alleged SH fraud in joining invol pet. t.co/tk5D9YG

• 5th compares its "practical," "less stringent" std re "finality" in BK appeals w/ "rigid rule of finality" of 2d Cir. t.co/6aA5cnm

• 5th Cir distinguishes 3d Cir break-up fee cases requiring proof per §503(b) of necessity to "preserve value of estate." t.co/6aA5cnm

• 5th affirms break-up fee per §363(b) stds-not §503(b)-where order was issued before bidders incurred due dilig. fees. t.co/6aA5cnm

Topics of General Interest

• Good 11 yr old Texas Monthly profile re "It’s Rick Perry’s Party Now" A profile of the latest GOP pres. candidate. t.co/uLTEQx7

• Parsing the latest blow to Obama’s health care law http://t.co/dL32MmD by @CBSAndrew

• RT @Nouriel: RT @rcwhalen: My summer reading list: Debt, deflation & democracy. t.co/8C5w3rx

• Reports from inside #Syria:"there was ‘nothing but shooting and sounds of explosions, no water, no electricity.’"  t.co/acHNWY8

• Great reporting by @ryanlizza @NewYorker: The Transformation of Michele Bachmann from Tea Party Insurgent to Contender.  t.co/gI1QplD

• Now this is hardball politics! I still prefer the more captivating story, however unlikely, that Mossad poisoned him. t.co/gxKVYlw

• Is this Stanley Aronowitz @howclassworks or @nouriel: "Is Capitalism Doomed?" http://t.co/P0i1MCt. Reminds me of days at Columbia U 1980.

• Read Judge Posner’s quick take on the London riots. RT @UChicagoLaw: Becker-Posner Blog: The English Riots—Posner. t.co/zvJxJse

Thanks for reading!

Still catching up…  Below are my first 24 bankruptcy case tweets of August 2011 and one other tweet of general interest since my last post of August 21.  RSS Feeds are also available.  All my twitter posts are here (twitter) or here (blog).

The chart from a post entitled We Are Japan, Part #054903512 is the "Money Game Chart of the Day" for 8/16/11.  

Bankruptcy Cases and Topics

• 10th says BAP lacked jurisdiction to review appeal of order for relief entered by DE BK Ct AFTER eff. date of venue tsf. t.co/4v4LTHe

• 5th: Plan adequately preserved Avoidance Actions even though prospective individual defendants not identified therein. t.co/evY24sY

• 5th: Ct may consult disclosure statement to see if claims retained & post-confirm. debtor has standing to bring them. t.co/evY24sY

• D-PA considers but wont decide effect of Anti-Injunction Act on §105 inj. ag. enforcement of state jdgmt vs. nondebtor. t.co/NmqwlYq

• D-PA wont hear mot. for stay pending appeal of BK order when stay not 1st sought in BK Ct even if a request was futile. t.co/NmqwlYq

• 6th: BK trustee liable in official capacity for negligence, but personally only for wilful & delib breach of fiduc duty. t.co/ldOTeQ5

• B-DE: Propriety of Highbridge DIP loan to LAD judged under entire fairness std, not bs jdgmt, bec of McCourt conflict. t.co/rmdIZLn

• B-DE compares terms of proposed Highbridge & MLB DIP loans to Dodgers & finds MLB’s substantially economically superior. t.co/rmdIZLn

• B-TN explores law re requirements for seeking BK Ct leave to file suit in state ct v. BK trustee & denies motion to sue. t.co/5AI4RBm

• B-PA: For cash coll. mot., income capitalization method preferred over DCF yield capz in valuing hotel in stable market. t.co/hTYqFoI

• D-IL: Secured lender is real party in interest who shd be substituted in as Pltf in ch 7 debtor’s action to collect A/R. t.co/AlL9puu

• B-NE reviews 3 approaches developed re whether Trustee can waive individual’s attorney-client privilege (yes/no/maybe). t.co/8TzDp4D

• B-OH: Funds in IRS §457 deferred comp plan arent estate property per §541(b)(7)(A)(i)(II), so arent subject to DIP lien. t.co/R3i1197

• 7th: Trademark license can’t be "implied" where agreement doesn’t say it is, and so rights can be sold in a 363 sale. t.co/PUOUuPR

• 7th: Ok to substitute a party into litigation that has succeeded to the interest of the original party, even on appeal. t.co/PUOUuPR

• 7th: Order not literally final is appealable if only "ministerial" ruling by the lower court is reqd to make it final. t.co/PUOUuPR

• 7th: Universal rule-Trademark licenses aren’t assignable in or out of BK absent expressly authorization in agreement. t.co/PUOUuPR

• 7th: Service agreement isn’t a true trademark sublicense and so is assignable in a 363 sale w/out consent of nondebtor. t.co/PUOUuPR

• B-TX reviews §502(j) & FRBP 9024/FRCP 60(b) interplay when cr. doesnt answer claims obj. & order entered w/out hearing. t.co/n2cH530

• B-TX reviews interpretations of 5th Cir "specific and unequivocal" lang re if reorg debtor has standing to sue on claim. t.co/8xzecGD

• B-TX: Listing causes of action in Plan by code section is "specific & unequivocal" enough for standing to sue on claim. t.co/8xzecGD

• B-TX: Reference to Code Ch 5 & §§ 544/547/548/549/550/551 is "specific and unequivocal" to retain §542 turnover claim. t.co/8xzecGD

• B-SDNY: Contract exclusion for conseq dgs for lost profits etc too ambig. to bar "gen dgs" claim for lost profits on SJ. http://t.co/spsYrYG

• 9th: BK dbtr wanting to equitably subordinate claim of another BK dbtr must seek relief from stay in other dbtr’s case. t.co/e6C9Qb9

Topics of General Interest

• 300,000 Israelis protest rising prices (equivalent to about 20 million Americans). Imagine ##s if it wasn’t the Sabbath! t.co/DcUSg6Q

Thanks for reading!

Still catching up…  Below are my last 25 bankruptcy case tweets of July 2011 and one other tweet of general interest since my last post of August 20.  RSS Feeds are also available.  All my twitter posts are here.

The chart of What Stocks Typically Do After a 20% Correction is the "Money Game Chart of the Day" for 8/18/11 from a post entitled What Happens to Stocks If Profits Don’t Collapse?

 Bankruptcy Cases and Topics

• DC Cir: Creditors’ tortious intf. cplt v. FDIC for misconduct in thrift sale was outside of FIRREA’s jurisdictional bar. t.co/ESizhF2

• B-NC dismisses counts ag. lender for equitable subordination bec of meager allegations of control & inequitable conduct. t.co/auBW36Q

• D-TX disallows personal injury claim of party that does nothing to comply with ADR procedures in Pilgrims Pride case. t.co/MmtupL0

• D-LA: Whether lease allegedly terminated prepet. was sold in 363 sale is core proceeding that shd be heard by the BK Ct. t.co/vlvVPun

• D-AZ: Make-whole provision on prepayment that’s a reas. forecast of harm for future breach isn’t unenforceable penalty. t.co/WDIz9zY

• D-CA denies FDIC-R motion for mandatory withdrawal of reference of dispute w/ Indymac BK trustee re rts to tax refund. t.co/He0Uty3

• B-NJ reviews Circuit split & differing standards re whether a confirmed plan has extinguished a prepetition lien. t.co/xUH5NOF

• B-NEB: Agreement’s 10% purchase option (equaling 9% of total lease payments) is nominal, so it isn’t a true lease. t.co/m46aqyV

• B-PA: Dbtr’s active concealment of prepet transfers warrants equitable tolling to allow Ttee to amend cplt to add tsfs. t.co/JTza061

• B-PR: Failure to pay postpet. taxes is "cause" for dismissal per 1112(b)(4)(I) & no "unusual circs." warrant otherwise. t.co/5AyASXK

• B-DE: Recharacterization cplt .survives Twiqbal; 7 factors favor rechar. as equity, 3 favor debt, and 2 favor neither. t.co/Xuh4Udc

• D-FL excludes testimony per Daubert of accounting expert who tries to apply AICPA auditing stds. to non-auditing work. t.co/aoIrzS1

• D-MN:Circuits are split re right to jury trial on liability/dgs once debt found nondischargeable, but waiver found here. t.co/mcTuKpP

• B-NC: If UCC not found using Sec/State’s "standard search logic" then name error fatal to effective financing statement. t.co/s7ngRvn
• B-NH: Competitor buying claim for standing to offer competing plan & not just block Dbtr plan isn’t acting in bad faith. t.co/8iB85oT

• B-NH: Advances of balance sheet neutral debt and waivers of admin/priority claims aren’t new value to support a plan. t.co/8iB85oT

• MD-AL reminds that a suit for violation of § 524 discharge injunction can be brought only as a contempt action. t.co/xjACL5W

• 7th-Posner-reviews stds of appellate nonreview of remand of case removed under §1452, incl for lack of supplemental JD. t.co/y0f2ugG

• 7th assumes w/out deciding that BK Cts can exercise supplemental jurisdiction over state law claims, but why would they? t.co/y0f2ugG

• B-MS cites to Collier in reversing order appointing patient care ombudsman bec doc’s med care monitored by Medical Ctr. t.co/yiO9Pmg

• B-DC: Violation of § 542(b) by failing to pay debt or turnover deposits to Dbtr can’t be a basis for a contempt finding. t.co/xazWp1A

• 9th affirms long Markell op. re subrogation; agrees that partner/co-venturer isn’t surety entitled §509(a) subrogation. t.co/GtytNMS

• 9th disagrees with Markell op. that loan discharged via foreclosure wasn’t actually paid by subrogors under §509(a). t.co/GtytNMS

• B-NJ reviews 3d-2010 op. re Rooker-Feldman reqts; finds R-F applies to state foreclosure jdgmts even if interlocutory. t.co/gkhoMeM

• 5th: Injunction ag. Wells F. for filing claim replete with errors improperly aimed at other cases and beyond Ct. reach. t.co/7oupbo2

 Topics of General Interest 

• Wise & witty speech thrown by Justice Ginsburg in Cooperstown on the opening day of the Hall of Fame Induction weekend. t.co/aHGG8Rv

  Thanks for reading!

Catching up on things.  Lots of tweets, but no blog posts. Below are more twitter posts since my last post of July 17 with 50 BK cases and commentary and 6 other items of general interest.  RSS Feeds are also available.  All my twitter posts are here.

With hurricane season upon us, I thought some would like the inset infographic, taken from an 8/2/11 post entitled Rock me like a hurricane.

Bankruptcy Cases and Topics

• 10th BAP bars review of order under "law of the case" doctrine bec. 3 narrow grounds for departing from rule are absent. http://t.co/7knf9h6

• D-TX: Dbtr’s deposit to secure performance obligs didnt create an express, resulting or constr. trust favoring creditor. http://t.co/Tqc5iIu

• D-MA: Fee-only Ch 13 plans designed mainly to pay the filing atty’s fees over time per se violates the good faith reqt. http://t.co/pPU96Wi

• 11th-1st Impression: Order affirming BK Ct merits decision was final & appealable despite undecided issue of atty fees. t.co/RF9Qqjw

• 9th: Estate prop. revests in Ch 13 dbtr at confirm., so postpet. taxes can attach to revested prop. & not violate stay. t.co/KCl63eO

• B-NEB: Restrictive covenants requiring ch 11 developer to build certain prefab units in exchange for $1M not executory. t.co/P2hQYbA

• B-MN: Snapshot in Polaroid preference case (that incl. trustee counterclaim) of constit convolutions caused by Marshall. t.co/BEt2N52

• ED-WI reviews law in 7th Circuit on the requirement that a purchaser act in "good faith" in the context of §363 sales. t.co/drmlnyn

• ED-WI: Issue of good faith can be considered at the motion to dismiss stage in an unstayed appeal of a §363 asset sale. t.co/drmlnyn

• B-MO: Stay extended to all Def. in B/D arbitration actions on "control person" issue only based on identity of interest. t.co/D4pfYWI

• D-LA: §362’s automatic stay doesn’t apply to actions against a nondebtor corporation that is wholly owned by the debtor. t.co/pFFjPPW

• 7th Cir. again defers foraging into the debate whether actions filed in violation of the stay are void or just voidable. t.co/7ixmIx8

• 7th reminds that §108(c) & IL law provide basis to proceed vs. debtor on claims that become time-barred during the stay. t.co/7ixmIx8

• 7th invokes judicial estoppel beyond normal uses to stop gamesmanship in pursuing contradictory positions in 7th & D-Ct. t.co/7ixmIx8

• 7th reviews certifying for appeal as a final jdgmt a dismissal of claims vs. nondbtr despite pending stay vs. BK co-def. t.co/7ixmIx8

• B-NH: In pari delicto defense doesn’t apply to avoidance actions brought under Chapter 5 of the Bankruptcy Code. t.co/0PqhsW4

• B-DE wont dismiss cplt to recharacterize debt where contribs. were pro rata / subord unsec. & int. deferred / below-mkt. t.co/alSCfte

• B-FL: Atty depositing postdated retainer checks postpet. violates stay & creates impermissible adverse rel. w/client. t.co/fcc78sD

• D-IN: No abuse of discr. in sua sponte dismissal of adv. cplt w/out much notice or opport. to cure failure to prosecute. t.co/xtAB7gD

• 8th BAP: Trustee didn’t meet burden that benefit to estate from property sale outweighed harm to co-owner under §363(h). t.co/gLPYNSz

• 7th excludes municipal utility charges from stay exceptions of §§362(b)(3),(9),(18) bec. not a tax or spec. assessment. t.co/Kkc8SVq

• B-IL: Non-waiver clause in LLC operating agreement limits the risk that the waiver doctrine can be applied against you. t.co/UUxZWZM

• D-OH: Using "10b size category in assess[ing] small stock premium for [valuation] calculations" beats Daubert challenge. http://t.co/AmIXSlf

• BK-TX reviews tension between amending pleading under FRCP 9(b) & FRBP 4004(a)’s mandatory deadline for nondisch. cplts. t.co/52bTQ66

• 6th BAP remands on BK order to disgorg prepet. retainer in converted ch 11 case to determine if valid atty lien existed. t.co/Is6ypWx

• BK-NC: CIT properly exercised recoupment right postpetition to min. commission fee payable under factoring agreement. t.co/AuZbPvV

• B-NH: Ttee’s fraudulent transfer cplt survives dismissal w/out identifying actual creditor providing § 544(b) standing. t.co/EEgsgfd

• D-CA wont preclude appeal of trustee’s settlement transferring litigation claims to 3d party under eq mootness doctrine. t.co/JEKwv69

• D-CA won’t apply §363(m) mootness to an order approving a settlement even if the order accomplishes nearly same result. t.co/JEKwv69

• B-DE: Faltering co. defense to WARN Act inapplic. bec notices didnt provide suff. facts justifying lesser notice period. t.co/KVJFvnE

• B-DE concludes in class action BK adversary that grandparent mgmt co. is co-liable w/BK debtor for WARN act violations. t.co/KVJFvnE

• B-DE disagrees with per se rule that grandparent corps can’t share common ownership of distant indirect subsidiaries. t.co/KVJFvnE

• B-SDNY notes its disapproval of plan releases by BK estates when the requisite supporting due diligence hadnt been done. t.co/DBE3x51

• B-SDNY reflects on its disapproval of releases by 3d parties when they don’t satisfy 2d Cir.’s Metromedia requirements. t.co/DBE3x51

• B-SDNY, post-Marshall, requires change to term of confirmed plan requiring claims ag. ex-D&Os be brought in BK Ct only. t.co/DBE3x51

• B-SDNY notes as an aside that it has sustained objections to broad plan releases for former D&Os in 4 identified areas. t.co/DBE3x51

• B-SC interprets when "cause" exists under §363(k) to grant or deny a disputed lender the right to credit bid in a sale. http://t.co/zXNGkks

• B-CA: Ch. 20 Debtors still can’t "permanently" strip off unsecured junior lien w/out either a discharge payment in full. t.co/OMMXo7G

• B-OH: US Trustee can take 2004 exam re Wells Fargo’s standing to file proof of claim in ch 13 case & re claim’s validity. t.co/ImXj2Rl

• D-MI reviews how interrelated creditors/claims can be before they are ineligible to serve as separate §303 petitioners. t.co/C6Ccmf6

• B-SDNY thoroughly reviews competing interests of FRCP 15(a) & 16(b): freely amend pleadings or hold to scheduling order. t.co/UQIWdET

• B-SDNY:Waiting 4 yrs to amend affirm def to add §546(e) safe harbor, thinking it can be raised at leisure, is offensive t.co/UQIWdET

• B-TN: Ponzi scheme fraudulent tsf. case law is clear: investors may keep their returned principal, but not any profits. http://t.co/9ETm6Xd

• CWT’s @douglasmintz @pfcad (PFriedman) & M.Ellenberg, quoting Anna Nicole, ask re Stern v. Marshall: "How Big Is It?" t.co/2kx1RJq

• B-DE: Recharacterization cplt .survives Twiqbal; 7 factors favor rechar. as equity, 3 favor debt, and 2 favor neither. t.co/Xuh4Udc

• D-FL excludes testimony per Daubert of accounting expert who tries to apply AICPA auditing stds. to non-auditing work. t.co/aoIrzS1

• D-MN: Circuits are split re right to jury trial on liability/dgs once debt found nondischargeable, but waiver found here. t.co/mcTuKpP

• Good review of brief seeking JD-based dismissal of pref cplt based on reading of Marshall/Langenkamp/Granfinanciera. bit.ly/qk5zzu

• B-MT approves 9019 stip for 1st Lender’s creative financing of ch 7 Ttee’s continuing hotel ops. to preserve sale value. t.co/OuRtVMO

• B-AL denies plan provision giving plan cmmttee right to bring claim, financed by estate, that plan trustee won’t pursue. t.co/Z9MAf0x

 Topics of General Interest

• Jon Stewart Criticizes Obama for ‘Weak’ Debt Talks Performance. http://gawker.com/5821453/

• Extremely sad news re ex-K&E BK partner (and my first boss/mentor). Our heartfelt prayers to Ted & his family. t.co/4iACSMb

• And here I thought I overate yesterday! Guess it’s all relative. t.co/lFNtSEu

• A Visual Representation Of MurdochGate’s Toxic Spiderweb. http://is.gd/UB4UNN

• The Head Of The World’s Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013 http://is.gd/WXKk5T

• 22000 digitized photos (1898-46) of Jerusalem & ME donated to Lib. of Cong by members of the Amer. Colony in Jerusalem. t.co/WzOJ04e

 Thanks for reading!

Below are more twitter posts since my last post of July 4 with 47 BK cases and commentary and 15 other items of general interest.  RSS Feeds are also available.  All my twitter posts are here.The insert graphic contains a recent chart from Nate’s Market Analysis Blog entitled Greece is the Word.

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Bankruptcy Cases and Topics

• Bob Eisenbach post with links to Judge Novack’s update to Judge Newsome’s bankruptcy research binder (thru BR vol 436). http://t.co/8sbesVh

• B-OH: Robins "unusual circ" test to extend stay to nondbtrs relevant only re if irrep harm exists warranting prelim inj. http://t.co/QGA5izc

• BK-HI: 2 year limitations period of §548 is a substantive element of the trustee’s claim that can’t be equitably tolled. http://t.co/Wcetd0d

• BK-HI: Limitations pd. for §544 avoidance action runs from when last cr. cd reas. have discov. the fraudulent transfer. http://t.co/Wcetd0d

• B-PA: Entry of no asset report divests BK Ct of "related to" jurisdiction, but effect on §523 proceedings is unclear. http://t.co/CCG219b

• B-KS-Above median income Dbtr on BK filing, whose income later is under, CAN’T modify plan to reduce applic. cmmtmt. pd. http://t.co/ipBocpP

• CWT’s Mintz, NP’s Berman, & SASMF’s Butler provide in-depth analysis on municipal BKs & the inadequacies of Chapter 9.  http://t.co/MLtgKyN

• Read "Treatment of Interest on Nondischargeable Debts" by Nicholas Ortiz, citing 1st Cir case that interest does accrue. http://t.co/EpUyakW

• 4th-Severance comp earned post-firing entirely payable per §507(a)(4); no proration to amt attrib to 180 days prefiling. http://t.co/NgQsaA8

• D-MD: 363 Sale limits successor’s environ liab per debtor’s 1997 EPA Consent Decree to post-363 sale hazardous release. http://t.co/ASjLJy1

• 5th grants direct appeal of op. denying stdg of postconfirm trust bec. plan didnt specifically/unequiv. preserve claim. http://t.co/pMrJz9V

• D-TX won’t stay case after completion of fact discovery pending 5th Cir ruling on postconfirm. standing in MPF Holdings. http://t.co/VTrxMIF

• B-PA annuls stay where foreclosure sale occurred w/in minutes after (& w/out notice of) BK filing & no reorg. possible. http://t.co/4J9UL65

• B-NE lifts stay to all Insurer’s prepet DJ action over interp. of prof. liab. policy to continue in NY instead of BK Ct. http://t.co/fWBqiwm

• B-KS: Conting. reversionary int in prepet bond to stay jdgmt worth 0 bec bond was forfeited postpet after jdgmt was final. http://t.co/Kh1wzpA

• B-IL: Shareholder deriv. claim not discharged per §523(a)(4) but amt reserved pending review of Stern v Marshall effect. http://t.co/BpQVBR9

• B-MA: HSBC acquired mortgage on debtors’ property by valid assignment from MERS & so is entitled to stay relief. http://t.co/5qfmzeW

• B-PA: §105 injunction granted per Monroe Well test bec "unusual circumstances" exist to restrain actions ag non-debtors. http://t.co/hAETexu

• B-PA: Most courts consider §105 as the authority to fashion injunctive relief restraining prosecution of 3d-party litig. http://t.co/hAETexu

• B-EDNY: Well cited opinion allows bank’s claim for default interest but denies make-whole claim for prepayment penalty. http://t.co/NmbKX46

• B-MT: Legit. justification exists for separate plan classification based on anticipated future aid of crs. in one class. http://t.co/zJZXuj8

• B-IL: Pre-Stern, 7th Cir allowed BK Ct to fix nondisch. debt amt., but constitutional authority to do so not clear now. http://t.co/BpQVBR9

• 3d-Obligations of umbrella insurer exclude duty to defend & not otherwise triggered until underlying policies exhausted. http://t.co/IThdzzc

• B-FL: Conclusory constr. fr. tsf charge of not being made for reas. equiv. value dismissed absent more re nature of tsf. http://t.co/j2tWCXp

• B-DE: FRCP 9(b) reqts relaxed & interpreted liberally when BK Trustee asserts fraudulent transfer/breach of duty claims. http://t.co/2BUowz2

• B-OR: §547(a)(2)’s exclusion of substitute obligations from "new value" excludes forbearance from new value defense. http://t.co/qvSmuc7

• BK-NM reviews preference law’s "ordinary course of business" defense as applied to "first-time transactions." http://t.co/J3Zyrsf

• B-DE: Not def’s fraudulent intent that must be pled w/particularity per FRCP 9(b) but circumstances constituting fraud. http://t.co/2BUowz2

• B-CO rejects investor argument they had no valid contract to purchase stock & thus had unsecured debt not w/in §510(b). http://t.co/RvgLduA

• B-CO reviews policies behind & broad interp of §510(b) mandatory subord. of claims from purchase & sale of securities. http://t.co/RvgLduA

• B-FL: Trustee’s actual fraudulent transfer claims survive dismissal by plausibly asserting tsf to further Ponzi scheme. http://t.co/j2tWCXp

• B-FL reviews Ransom, Lanning & earlier cases in overruling UST obj. to including op. exp. for 3 cars in means test calc. http://t.co/SEGMbcI

• B-CO: Statutory cap of §502(b)(6)(A) equally applies to claims against guarantors of leases that are in bankruptcy. http://t.co/fNbqPw7

• BK-DE dismisses pref. complaint that doesnt give Def. adequate notice to ascertain which tsfs are at issue is dismissed. http://t.co/ESw1vd3

• B-IL: Pre-Stern, 7th Cir allowed BK Ct to fix nondisch. debt amt., but constitutional authority to do so not clear now. http://t.co/BpQVBR9

• D-IL imposes §1927 ag, Ch 7 Trustee’s atty not for crummy legal mal case v. Mayer Brown but for unprof. conduct in depo. http://t.co/P5jWWsT

• B-NJ denies postconfirm trustee mot. to disgorge fees of admin. insolv. estate bec consent order award was final award. http://t.co/PDRHRKE

• D-CA affirms BK Ct’s expunging of class claim for unpaid wages against Ch 13 owners of parking lots. http://t.co/mnAfii7

• D-CA reviews lack of policy factors supporting class claims in BK, incl. ease of filing claims & efficiency of process. http://t.co/mnAfii7

• D-CA: Failure of class claimants to file Rule 9014 motion for application of Rule 23 is dispositive in favor of denial. http://t.co/mnAfii7

• BK-AL: 363 sale of golf course prop. not free & clear of implied restrictive covenant for use of prop.as a golf course. http://t.co/AlPmMSd

• B-MI approves BK settlement & provides extensive review (after 65 trial days) of the history behind soft body armor. http://t.co/Sr9XmWb

• B-FL: Defendant’s failure to produce expert to refute Trustee’s insolvency expert dooms its fraudulent transfer defense. http://t.co/aNh8bLB

• B-DE: Cplt dismissed per Twiqbal that sets forth only conclusory allegations parroting Section 547’s statutory language. http://t.co/TtUQra0

• B-DE: Preference cplt doesn’t require attached copies of invoices, bills, canceled checks etc., to satisfy Twiqbal stds. http://t.co/TtUQra0

• B-DE: To satisfy Twiqbal in preference cplt, details of antecedent debt req’d & merely reciting §547 stds insufficient. http://t.co/TtUQra0

• B-DE: Twiqbal in §547 cplt requires evid. of preexisting dbtr/cr. rel. (like contract details & goods/servs. provided). http://t.co/TtUQra0

 Topics of General Interest

• Worth taking the family to NYC for this. RT @Gawker: Watch the Macy’s 4th of July Fireworks Grand Finale http://gawker.com/5817984/

• Excellent interview by David Lat of Jeh Johnson, ex-Paul Weiss partner, & now General Counsel of the Defense Department. http://t.co/vEKbyUX

• The future of jury trials? Watch Michigan’s experiment in adopting rules to significantly enhance juror involvement. http://t.co/Bz7t5uD

• 39 Questions with Charlie Munger. http://t.co/S8uSNM4

• RT @DouglasMintz: Good piece on the next financial crisis (whenever it should arise. http://t.co/a1pe2cf

• @CBSAndrew puts perspective on the Anthony trial, citing to mortifying @Harpers Index stats, incl 44 murders/day in US. http://t.co/oyeNGav

Below are my twitter posts since my last post of June 27 of 41 recent posts of bankruptcy cases and commentary, along with 6 other items of general interest.  RSS Feeds are also available.

The insert graphic contains corporate high-tech organizational charts from Bonkers World.

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Bankruptcy Cases

• New Bankruptcy Litigation Blog Post: 44 BK Tweets of June 20-26 & Links to Howard Marks’ book, The Most Important Thing. http://t.co/dYnmbjp

• B-MS-"2 working principles" of Twiqbal-plausible claims & rule that all allegations are true doesnt apply to legal concl. http://t.co/E4pARJg

• B-CO: B of A involuntary dismissed; mere taxpayers lack standing to file §303 involuntary under "Gov’t of People" theory. http://t.co/oIlTJwr

• BK-CO reviews circuit split on whether §109 ineligibility as a debtor deprives a BK Ct of subject-matter jurisdiction. http://t.co/oIlTJwr

• 6th: Debtors’ assertion on record of abandonment of claims ineffective absent notice & hearing per Rule 6007 & §554(a). http://t.co/ZJYc1m6

• WSJ-NY Ct of Appeals-MBIA Policyholders Can Sue to Unwind Restructuring as Fraudulent Tsf.  Opinion here: http://t.co/JXQqmSL  Article here: http://t.co/1fnxAjm

• 2d: 1st impression-§546(e) protects as "settlement payments" issuer’s payments to redeem commercial paper pre-maturity. http://t.co/aubIIcs

• Strong dissent on 2d Cir. op. extending the §546(e) exemption to all comm. paper redemptions pre-maturity using the customary DTC mechanism. http://t.co/aubIIcs

• 7th: Motion to deny bank right to credit-bid @ plan auction "lacks crucial check ag. undervaluation" & rightly rejected. http://t.co/hicC1QY

• B-FL: Motions in limine are disfavored & if evidence isnt clearly inadmissible then rulings shd be deferred until trial. http://t.co/IzGrgU4

• BK-PA: Legal error, if not challenged per Rule 59, is w/in the province of appeals & cant be addressed under Rule 60(b). http://t.co/x0uEP9s

• BK-KY: Mandatory abstention inapplicable to core proceedings (i.e., "arising under" the Code or "arising in" a BK case). http://t.co/alDX1zg

• B-Utah reminds only ch 7 trustee in corp case can represent dbtr once trustee appointed bec agent req’d for corp action. http://t.co/UFP71kP

• B-TX rules it has authority to enter ch 15 pre-recognition prelim inj to protect non-debtor guarantor subs ag. US suits. http://t.co/Nqkqnvp

• BK-IL reminds: marriage dissolution & prop. settlement can create constructive trust removing property from the estate. http://t.co/Nqkqnvp

• B-IL: Lien attaching in preference period to debtor’s equitable interests in another’s property rights is preferential. http://t.co/Nqkqnvp

• Ungaretti & Harris George Mesires reviews 7th Cir op. that a secured cr. can credit bid its claim in a reorg plan sale. http://t.co/G64MMxY

• SDNY: PA cts recognize aiding & abetting a breach of fiduciary duty; constructive knowledge is the proper knowledge std. http://t.co/fplsa3R

• SDNY: Ct-appointed appraiser akin to a BK Trustee and liability limited to intentional or grossly negligent misconduct. http://t.co/VBSL00U

• B-MD reviews splits re interplay bet. §542(a) & §549 turnover actions, holding §542 inapplicable to postpet. transfers. http://t.co/ywiVihm

• B-TX: BK Venue ok in Houston TX where LLC’s sole member makes decisions even if assets, domicile, & residence are in SC. http://t.co/SIBZWCe

• B-NY reviews §511 special BAPCPA tax claim provisions & inapplic. of Till in ch. 13 plan to lower statutory int. rate. http://t.co/EdRspBj

• B-SDNY-Investors in Madoff feeder funds aren’t "customers" under SIPA based solely on their ownership int. in the funds. http://t.co/mFQCtNh

• EDNY reviews dearth of authority for fed. ct. sitting in equity to authorize Receiver’s Certificates w/priming lien rts. http://t.co/hrrM9f7

• D-NV: 2 alternative tests in 9th to see if action is an exercise of police power: "pecuniary purpose" & "public policy". http://t.co/W8NTE42

• D-NV: CA enforcement action for bribes, unlic. sec. sales & unfair competition exempted as police powers per §362(b)(4). http://t.co/W8NTE42

• 7th: With 2 exceptions, agreements in IL to indemnify against intentional misconduct are void as against public policy. http://t.co/l48bdYv

• ED-MI: Isolated & contradictory response in ans. to adv. cplt isn’t binding jud. adm. to material fact in underlying BK. http://t.co/FqouF2O

• B-CA allows 13% of expert’s fees for going beyond facts re interest rates & for condescending lecture of Ct. re feasib. http://t.co/z8DGQKq

• B-CA: Oversecured creditor not entitled to interest at default rate where its claim is paid in full under a ch. 11 plan. http://t.co/z8DGQKq

• B-CA: Bank atty fees of $300K are in line w/fees of debtor’s counsel & reasonable for protecting a $16MM secured claim. http://t.co/z8DGQKq

• B-TN: Agr.’s not prohibiting Debtor from commingling clients’ funds doesn’t mean commingled funds are prop. of estate. http://t.co/1fqAv0u

• B-NE: Labor secy’s enforcing wage & labor stds exempt from stay per §362(b)(4) if only fixing-not enforcing-money jdgmt. http://t.co/QH4ZhIT

• BK-TX: Per 5th, Ct should consider prospective & retrospective views re benefits to estate for allowing fees under §330. http://t.co/4qqnVo2

• BK-IL examines in well-cited opinion the "frivolous" and "improper purpose" prongs of a successful Rule 9011(b) claim. http://t.co/fZZ2zzN

• B-FL: Ponzi scheme presumption of fraudulent intent only arises when transfer was made "in furtherance of" Ponzi scheme. http://t.co/RSCG1sr

• B-FL: Ponzi scheme operation is-by definition-insolvent & operating w/unreasonably small capital in fraudulent tsf case. http://t.co/RSCG1sr

• B-OR: Per §365(d)(5), administrative claim given to postpetition commercial rent claims regardless of benefit to estate. http://t.co/qm48fmX

• D-IL reviews jud. estoppel & standing of dismissed ch 13 dbtr to prosecute pers. inj. claim not disclosed in schedules. http://t.co/vSdRwiV

• B-AZ reviews diversity citizenship of postconfirm liq. trust: based on the trustee alone & doesnt include beneficiaries. http://t.co/hslbyJM

• B-AZ: Post-confirm JD exists bec the plan contemplates claim pursuit by liq trust; thus it’s integral to plan execution. http://t.co/hslbyJM

• B-AZ: Equitable remand per 28 USC §1452(b) doesn’t apply to claims removed on diversity JD grounds under 28 USC §1441. http://t.co/hslbyJM

 Topics of General Interest 

• Put this in the "there but for the grace of G-d go I" department — In re: The passing of a Skadden associate:  http://t.co/YjGrt6p

• Read Legal Theory Blog’s Lexicon on "Principles in Constitutional Theory." http://t.co/VTg1oaW

• Read Justice Ginsburg’s sharp comments on her good friend (politics & con. law aside) Justice Scalia & his recent term. http://t.co/mw8Q4iS

• Collection of articles on the big cover-up at Fukoshima. http://t.co/QOGTQyD

• The effectiveness of QE2 reviewed at the Econobrowser, which concludes: "the Fed did avoid making our problems worse." http://t.co/egNDHhh

• WAPO article on problems in the commercial RE mkt: securitized loan delinquencies near 10% & $350 billion in distress. http://t.co/IgVXfmY

Thanks for reading!

© Steve Jakubowski 2011