September 16, 2011
Ohio Man Charged With Defrauding Fellow Amish
"An Ohio man has been charged with defrauding fellow Amish out of nearly $17 million by moving their money from safer securities to riskier investments subject to market fluctuations, federal prosecutors said Thursday...The indictment said nearly 2,700 people and entities lost about $16.8 million since 2006....Beachy had promised to put investor money into safer mortgage-backed securities but instead placed the money in stocks, mutual funds and bond funds that had more risk, the indictment said.
A&M Investments filed for bankruptcy protection in June, listing about $33 million in liabilities and nearly $18 million in assets. Members of Mennonite and Amish communities who lost money recently asked a bankruptcy judge to let them settle the matter out of court."
September 14, 2011
Bankruptcy Among College Grads Grows
"Bankruptcy has gotten more educated over the past five years, as financial distress spread to more of the population with college degrees, according to study results released Tuesday."
Bujak's estranged wife wants separate bankruptcy
"Former Canyon County Prosecutor John Bujak's estranged wife wants to separate her bankruptcy estate from his, the latest twist in the downfall of the southwestern Idaho Republican's political and personal fortunes."
September 13, 2011
Comeuppance for Harsh Discovery Order?
From: Bankruptcy law discussion list [mailto:BANKR-L@LISTSERV.ILLINOIS.EDU]
On Behalf Of Camp, Bryan
Sent: Tuesday, September 13, 2011 11:07 AM
Subject: Comeuppance for Harsh Discovery Order?
If y'all recall a recent Order posted on this list from US Dist. Judge Sam
Sparks where he invited counsel to a "kindergarted party" to resolve a
discovery dispute, you may be interested in this story: a reprimand from
Chief Judge Edith Jones. Link here:
Regards, -bryan camp
September 12, 2011
ANNUAL SUPREME COURT REVIEW
Federal Bar Association - Los Angeles Chapter
September 28, 2011
Time: 12:00 p.m. - 1:30 p.m.
Featuring UCI Law School Dean Erwin Chemerinsky.
Also Featuring Annual Judge Barry Russell Scholarship Awards.
Location: The Biltmore Hotel, 506 S. Grand Ave., Los Angeles, CA
Cost: $75 (FBA Members), $45 (government employees/Clerks/Students)
$90 (non members)
Group Registration Fees: FBA member table of 9 $600; Nonmember table of 9 $700
Federal judiciary receive complimentary admission.
New Jersey Devils Close To Bankruptcy, According To Report
"The New Jersey Devils have found themselves in financial hot water, according to a report in the New York Post. They're in default on a loan and could be declared bankrupt. Via the Post:
'The attendance-challenged, heavily indebted team missed its Sept. 1 loan payment, giving its lenders a breakaway chance to push the team into bankruptcy, a source with direct knowledge of the situation said.' "