April 15, 2009
The Daily Bankruptcy News
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Law:
8 Simple Rules for Keeping Your Job
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So, Did Brobeck Partners Who Left with Business "Steal" It?
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Goodwin Procter Pushes Associate Start Dates Into 2010
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McKenna Cuts New Associate Pay by $20,000
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BigLaw ‘Has Changed Forever,’ Says Womble Carlyle, Cutting Pay 10 Percent
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Layoff Watch: Womble Carlyle is an 'Innovator' of Associate Cutbacks
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Cutting Associate Salaries: The Next Wave to Sweep BigLaw?
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Salary Cut Watch: Are the Barbarians at the Gate?
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Kirkland 'Perk' Watch: Starbucks AND Dunkin' Donuts at the New Chicago Office
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Perkins Coie Cuts 12 Associates, 26 Staffers
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Even Obama Can't Help Perkins Coie
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Northwestern Allows Unemployed Law Grads to Defer Loan Payments
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A Year Later, Ex-Thacher Lawyer Realizes Optimism Was Wrong
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Start Date Watch: Goodwin (Finally) Announces Delayed Start Dates
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Move to Disqualify Wilson Sonsini From Employment Suit Hangs on Silicon Valley's Informality
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Big Cheese in the Big Apple: Firm Names New NY Boss
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After Layoffs, Grabbing 64 From Zombie Firm, a Flat Year
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Lawyer Loses License Because of Failure to Pay Debts
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Mass. Agency Dismisses Associate’s Holiday-Party Drugging Claim
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National Be Kind to Lawyers Day
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Steven Smith joins Dechert's business restructuring and reorganization group
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Lawyer Tells of Sacrificing Personal Life for Work
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DLA Piper to appoint Alan Solow vice chairman of its U.S. restructuring group
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Low-Key, High Profile: Laid-Back, Harley-Riding Lawyer to Lead Probe in Ted Stevens Case
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Lawyer Sues Troopers He Says Roughed Him Up for Using Cell Phone at Courthouse
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High-Functioning Alcoholic Lawyers May Defy Stereotypes
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ABA President TommyBoy Wells Blames Profession's Collapse On Law Firms
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Attorney General to Ramp Up Training for Prosecutors
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Federal Judge Raps Court-Appointed Receiver for Conflict of Interest
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Man Accused of Posing as Lawyer Across the U.S. Goes on Trial for Fraud
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AG to Sue NY Law Firm, Charges Process Co. Over Alleged ‘Sewer Service’
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Bankruptcy Records Hint At Fees From $70 Million IP Settlement
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How Much Do Law Professors Make? Apparently, Not Enough.
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Wall Street:
European, Asian Stocks Decline; US Index Futures Fluctuate
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Procter & Gamble ups dividend by 10%
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Bridgepoint Raises $141.8 Million in Second US IPO This Year
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Retailing:
Stores suffer big drop in March sales
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General Growth CMBS could run bond holders through recovery gauntlet
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Autos:
Chrysler Talks Bogged Down On Issues of Equity for Banks
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Fiat CEO warns Chrysler unions, cut costs or we walk
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Retiree pensions are at risk
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Obama's 'fervent hope' is for GM, Chrysler restructuring
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Bankruptcy looms over auto talks
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Boston Consulting Group to advise on GM, Chrysler restructuring
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GM chairman looks to change half of board members by June
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GM Moved C$600 Million From Canada to Win US Bailout Money
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GM Chairman Says Bankruptcy Looms
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GM to File Chapter 11 on June 1?
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Rogers: Task force pushing automakers into bankruptcy
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US could get shares of GM and Chrysler
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GM recalls 1.5 million cars. Can it recall its image?
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GM Executive Sees Hurdle for China Sales Goal
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Ford Bonds at Seven-Month High as Swap Raises Ratings
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Fourth Circuit Rules That The "Hanging Paragraph" Protects Negative Equity
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French carmaker Heuliez put into administration
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Municipalities:
Sales-Tax Revenue Falls at Fastest Pace in Years
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Schwarzenegger to Seek Obama Backing for Government Note Sales
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Distressed Investing:
UBS Starts Distressed-Asset Fund
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Art:
Another Art Museum's Collection on the Block
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Oil/Gas:
OPEC Cuts 2009 Oil Demand Forecast as World Economy Contracts
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Economy:
Retail Sales, Producer Prices Declined in March
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Bernanke Sees Signs US Contraction May Be Slowing
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Global Confidence Rises to 11-Month High as Credit Markets Thaw
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Obama sees signs of economic progress but more struggle
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Obama Offers Vision of Recovery
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Interest Rates or Collateral?
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The way out may be tough right now, but companies looking ahead to 2010 should get their houses in order.
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Recession nearly over?
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This Free Money Comes With Strings
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Cutting back financial capitalism is America's big test; Has the US become Russia?
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Bernanke's PR Push Rewrites Fed Script
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Real Estate:
Shoving Off The Ritz
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US MBA Mortgage Applications Index Fell 11 Percent Last Week
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Stunned By Reality
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California Scheming
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Straw Buyers Fueled a Post-Boom Real Estate Scam
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Banks Ramp Up Foreclosures
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In Virginia, It's a Tenant's Market
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REIT Sector Is Ripe for M&A
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Could SwapRent stop the foreclosure crisis?
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Banking:
U.S. Planning to Reveal Data on Health of Top Banks
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More Bank Sector Gloom Hits Revival Hopes
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On Wells Fargo and banks’ well-being
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Goldman amasses $164bn in liquid assets
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The Goldman Two-Step
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Goldman Sachs’s Viniar Says He’s ‘Mystified’ by Interest in AIG
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Gripe Site Targeted by Goldman Sachs Slaps Back
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US Rep. Frank welcomes Goldman TARP payback plan
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Goldman, Take the Money and Run
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Banks Returning Bailout Money Kvetch About Repayment Terms
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Bank Shares Struggle, But Not Citigroup
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Shrinking financial services sector datapoint du jour
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Battle brewing over Citigroup board?
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Tax:
Fla. Yacht Broker Pleads Guilty in UBS Tax Case
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Second American Client Charged in UBS Tax Probe
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Tax Day Becomes Protest Day
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Derivatives:
CDS report: Banks good, industrials bad
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Insurance:
‘We don’t hate you AIG’
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Layoffs:
White House: More American job losses ahead
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Hallmark Cutting Up to 8 Percent of US Work Force
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ArcelorMittal to Lay Off 400 Workers in Indiana
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UBS to Cut 7,500 More Jobs After $1.8 Billion Loss
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Air France-KLM to Cut as Many as 3,000 Jobs by 2011
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More Layoffs Coming at Yahoo
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Los Angeles school board votes to lay off 5,400 employees
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Building Materials:
Nailite sale is approved
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iFloor seeks more time
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Bonuses:
AIG: Bonuses or ransom?
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AIG Executive Who Penned Dramatic Exit Letter Still Working There
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Credit Cards:
Discover raises interest rates on some credit cards
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Mining:
Clearwater seeks OK to liquidate
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Personal Bankruptcy:
Means Test Does Not Apply to Individual Chapter 11 Cases
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Education:
In financial limbo
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Harvard College’s Faculty to Cut Budget 19 Percent in 2 Years
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Newspapers:
Philly Chief Tierney Defends Bonus As Bankruptcy Neared
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Debt Collection:
Children as Payment Devices??!!
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(No new opinions today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:
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(10)
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 |
Absolute Priority Newsletter
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Health Care:
New Jersey hospitals in trouble, trade group says
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Despite Recession, Drug Makers, Hospitals Raise Prices
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Brotman Medical Center emerges from Chapter 11 bankruptcy protection
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Insurance Lags as Cancer Care Comes in a Pill
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Corporate Governance:
Delaware Law Changes May Help Shareholder Activists
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Fraud:
US judge approves sale of Madoff's Mets tickets
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Madoff investors go after his assets
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Madoff Securities International Files For Bankruptcy Protection
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Madoff’s Car to Be Seized
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United Kingdom-based unit of Madoff business files for US bankruptcy
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Madoff Liquidators Clash at Court Hearing Over LuxAlpha Funds
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Lehman:
Lehman Holds On To Radioactive Assets
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Transatlantic divide
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The Lehman Legal Bill: $84 Million and Counting
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Linklaters racks up more than £33m on Lehman bankruptcy
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Weil bills $55m on Lehman as US earnings top $84m
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Food/Drink:
Frederick’s, Manhattan Restaurant, Seeks Bankruptcy
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UK:
Harder-Edged Warnings About Britain’s Economy
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Advisers cash in from failure fee bonanza
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Financial crisis, UK payment system edition
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Business is booming at run-down stores
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KPMG called in to six-star hotel group
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Mortgage lending increases but remains historically low
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Equitable Life Policyholders go to Court on Claims
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Brown Poverty Target Strained as 31% in England Have Poor Homes
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UK Property Slump Eases as Buyers Return
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EU:
Weber Opposes ECB Rate Below 1%, Highlighting Council Divisions
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Canada:
Canwest media gets debt extension
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PharmEng to file for bankruptcy
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Japan:
In Japan, Jobless Learn to Farm
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Poland:
Poland to Ask IMF for Credit to Shield Economy, Zloty
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China:
Property prices forecast to halve
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China's Economic Growth May Cool to Slowest in Almost 10 Years on Exports
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Singapore:
Singapore's Economy May Shrink Most Since Independence as Trade Collapses
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Argentina:
Argentina Investigating ‘Unusual’ Merrill Lynch Stock Trades
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Russia:
Russia May Turn to Foreign Banks for Loans to Cover Deficit
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Russia Risks Bad-Loan ‘Avalanche’ With 20% in Default
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Italy:
Tiscali auditor Ernst & Young raises doubts over co future'
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Australia:
Australia Banks Face ‘Headwinds’
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India:
Indian Restructured Loans May Increase, Bank of America Says
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