March 19, 2009
Peter Pocklington Accused of Hiding Assets
I remember when Peter Pocklington traded Wayne Gretzky from his Edmonton team to the Kings. I bought season seats right after that. Anyway for some godforsaken reason he filed chapter 7. The case is pending in Riverside before Judge Meredith Jury. Several creditors have sued to deny his discharge on the grounds he is hiding all kinds of assets offshore. You can access the complaint against him here. Plaintiff's counsel, David Casselman, is a really aggressive attorney. You really don't want him after you.
By the way a little trivia - Barack Obama is six months younger than Wayne Gretzky.
March 18, 2009
Speaking of a Trillion; and by the way, GO ZAGS
So its not bankruptcy. I had a long day today.
I laughed myself sick at lunch today reading the Daily News article by Thomas Hoffarth. He points out that no 16th seed in the NCAA Tournament has ever beaten a first seed going 96-0 and only 11 times has the 16th even come within 10 points in the game with the first. The 15th seed has only beaten the 2nd seed 4 times going 92-4, the last time being in 2001. "Perhaps that's why oddsmaker Danny Sheridan has set the odds of 16th seed Alabama State winning the tournament at a trillion to one." The odds on East Tenneasse winning is a septillion to one. I'll lay a dollar on that. I don't think there is a septillion dollars in the universe.
My alma mater, Gonzaga, is going to do it this year. All the way to the final four. I'm not sure if they post odds for that.
Law Review Symposium: Bringing Down the Curtain on the Current Mortgage Crisis
This looks like a pretty good program at Pepperdine Law School. You can access the brochure here. Fourteen speakers including Prof. Bob Lawless.
When Friday, April 17, 2009, 8:30 a.m. – 5 p.m.
Where Pepperdine School of Law
24255 Pacific Coast Highway
Malibu, CA 90263
Contact Name Margaret Barfield
Contact Email firstname.lastname@example.org
Contact Phone 310-506-4654
Type of Lecture/Seminar Symposia
Cost Attendance with MCLE credit: $150
Attendance with no MCLE credit: $75
Student (non-Pepp): $15
Pepperdine Law Student: no cost, but registration required
American College of Bankruptcy - Induction of Class 20 on March 26
The induction of the new fellows will take place ath the Supreme Court. The information can be accessed here. The 33 new inductees include our own Judge Geraldine Mund, Prof. Dan Bussell from UCLA, and Gary Klausner. Ken Klee will lead one of the related programs on his new book, Bankruptcy and the Supreme Court.
Magna Entertainment - Santa Anita Racetrack - First Day Declaration
March 17, 2009
The Crisis of Credit Video
This instructional video is pretty good. You can access it here.
March 15, 2009
Symposium on Chapter 11 at DePaul in Chicago - April 16
For Better or Worse: Chapter 11 in the Post-BAPCPA Downturn
BAPCPA, the 2005 Bankruptcy Code overhaul, brought some significant changes to corporate reorganization, leading some to dub Chapter 11 as the "National Foreclosure Act." This panel will examine the myths and realities behind this description by focusing on the more sweeping BAPCPA amendments: time restrictions on assumption or rejection of commercial leases, the limited plan exclusivity period, 20-day administrative expense claims and the attempted reigning in of executive compensation.
Speakers: Jo Ann J. Brighton, K&L Gates, Charlotte, North Carolina; Judge Joy Flowers Conti, United States District Court, Western District of Pennsylvania, Pittsburgh, Pennsylvania; Richard E. Mikels, Mintz Levin, Boston, Massachusetts
Thanks to Prof. Nancy Rapoport
Circuit Court of Appeals cases from Last Week
2nd Circuit Court of Appeals, March 11, 2009
Overbaugh v. Household Bank N.A., --- F.3d ---, 2009 WL ------ (2nd Cir. 2009)(Chapter 13 trustee has standing to object to a motion to reclassify a claim; and motion to reclassify defendant's secured claim was properly denied as defendant had perfected a purchase money security interest in the secured claim pursuant to the terms of New York's UCC)
5th Circuit Court of Appeals, March 11, 2009
Cadle Co. v. Duncan, --- F.3d ---, 2009 WL ------ (5th Cir. 2009)(debts were dischargeable where Plaintiff failed to prove that the Debtor acted with fraudulent intent in omitting certain items from the schedules accompanying his bankruptcy petition)
Thanks to Findlaw.com