August 18, 2009

The Daily Bankruptcy News

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Law:

Heller Creditors Seek $24M in Pension, Argue Firm was in Red As Early As ‘07
(DBN)

Heller Pensions at Risk?
(DBN)

Bankruptcy lawyer Aims to Bring 'Fiegenomics' to Washington
(DBN)

Kirkland, Cravath, Simpson On Reader's Digest Restructuring
(DBN)

Quinn Emanuel Slams Cuomo's 'Unwarranted' ARS Suit Against Charles Schwab
(DBN)

Don't mess with the AG
(DBN)

Attorneys Convicted Over Diet-Drug Settlement Sentenced to Jail, Ordered to Pay $127 Million
(DBN)

Debtors File Class Action Alleging Attorneys Conspired to Defraud
(DBN)

Beep, Beep, Beeeeeeeeep: BigLaw Firm's Summer Program Flatlining
(DBN)

No Layoffs at Major Law Firms Last Week, But Are Doldrums Ending?
(DBN)

Paul Hastings Offer Rates
(DBN)

Baker McKenzie Profits Per Partner Tumble. More Outsourcing in the Future?
(DBN)

A Revised List of Future Layoff Suspects
(DBN)

A Day in the Life of a Layoff
(DBN)

Aussie Partners See Salary Cuts
(DBN)

Pillsbury Iffy on Fate of SF Summer Programs
(DBN)

Are Generation Y Lawyers a Bunch of Slackers?
(DBN)

For Litigators, a Different Kind of Recession
(DBN)

Law Firms Become Tougher on Past Due Bills
(DBN)

Wachtell, Simpson, Others On Hand for Colonial's Death
(DBN)

More on Dick Armey's Resignation
(DBN)

Law firms were once the darlings in the portfolio of any bank manager, but, over
(DBN)

Most Law Firm Reform Ideas Are ‘Insipid and Inadequate,’ Consultant Says
(DBN)

Appeals Court OKs Contempt for Veteran Lawyer Over Debt Collection Case
(DBN)

Ex-Lawyers Get 20-25 Years for Bilking Fen-Phen Clients of $94M
(DBN)

3 Indicted in Biggest Hacking and ID Theft Case Ever Brought by DOJ
(DBN)

Judge Axes Case, Awards Legal Fees for Texting Witness at Trial
(DBN)

Take Back the Law!
(DBN)

A Thousand Little Gitmos
(DBN)

Pet Killers, Beware of Orrick
(DBN)

Paralegal Seeks Damages from Ex-Partner for Death of Chihuahua
(DBN)

Over-40 Lawyers Pursue Rock ‘n’ Roll Fantasies, Diving Records
(DBN)

A Man, a Coffee Label, and a Lawsuit
(DBN)

'Waiter, There's a Fly in My Salad': The Lawsuit
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge’s Frustrated Outburst Creates Mistrial
(DBN)

Judges Sharing the Pain of Paycuts
(DBN)

Judge Apologizes for Racially-Tinged Postings Regarding Obama Supporters
(DBN)

'She Answered a Simple Question': The Trial of Sharon Keller Begins
(DBN)

Judge Goes to Trial Over Execution
(DBN)

Delaware Judges Take Voluntary Pay Cut
(DBN)

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Wall Street:

Futures Rise after Monday's Stock Selloff
(DBN)

World Markets Recover Poise After Big Sell-Off
(DBN)

Stocks tumble on consumer fears
(DBN)

Wall Street Joins a Global Downturn
(DBN)

Investors Scatter to Safe Havens
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Lockheed Martin cuts 800 space division jobs
(DBN)

Job Search Firms: Big Pitches and Fees, Few Jobs
(DBN)

Dealing With a Second Layoff
(DBN)

Texas Jobless Face Two Major Problems
(DBN)

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Food/Drink:

Saxbys Coffee, in bankruptcy, asks for delay
(DBN)

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Gambling:

Fate of Fontainebleau will likely be determined by new owner
(DBN)

______________

Banking:

After Colonial, clock ticks for Guaranty
(DBN)

What's Happening at the FDIC?
(DBN)

Fed Says Banks Tightened Lending in Second Quarter
(DBN)

The Great American Bank Robbery
(DBN)

______________

Tech:

Agilent Technologies reports $19 million loss
(DBN)

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ARS:

New York sues Schwab over auction-rate securities
(DBN)

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Fraud:

Bad News for the Brothers Madoff?
(DBN)

Stanford warnings ignored, US senators are told
(DBN)

Former Stanford Adviser Says SEC Was Warned About Bad Certificates of Deposit
(DBN)

"Runaway receiver" in Stanford case isn't making anyone happy
(DBN)

Stanford Senate hearing draws thousands of investors
(DBN)

Former Madoff Employees' Suffering Can Be Compared to Only One Thing
(DBN)

Brooklyn's Bernie Madoff Spent $40 Million on Shag Carpeting and Cheese Sandwiches
(DBN)

Possible Bay Ridge Ponzi Scheme Has Locals in Litigation
(DBN)

Ex-Credit Suisse Broker Eric Butler Guilty of Securities Fraud
(DBN)

______________

Private Equity:

Why Are Buyout Firms Still Charging Deal Fees?
(DBN)

______________

 

 

 

Economy:

Fed Extends TALF
(DBN)

TALF Program Extends Into 2010
(DBN)

8 Things They're Glad the Recession Killed
(DBN)

Even amid the worst economic slump since the Great Depression, some companies just keep growing
(DBN)

Central Bankers to Blame for Meltdown
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

July home sales post first monthly year-over-year gain in 2 years
(DBN)

Mortgage Delinquencies Rose to Record in 2Q
(DBN)

Homebuilder Confidence in US Rises to One-Year High
(DBN)

Tax Bills Put Pressure on Struggling Homeowners
(DBN)

Show Me the Original Note and I Will Show You the Money
(DBN)

A Nation of Renters, Courtesy of Uncle Sam?
(DBN)

Banks fail to modify mortgages
(DBN)

Fed, Treasury extend TALF to mid-2010 for CMBS
(DBN)

NYC Foreclosed properties go for 14 cents on dollar
(DBN)

Vermont Laws Shut Door on Bust, Boom
(WSJ: separate paid subscription required)

Fla. Court Wants Foreclosure Mediation
(DBN)

Reappraising Home Appraisers
(DBN)

Taking "Downsizing" to a Whole New Level
(DBN)

Recent Bankruptcy Court Decision Reconciles Central Tenets of Commercial Real Estate Financing and Bankruptcy Law
(DBN)

Lawsuit alleges Ransome abusing bankruptcy
(DBN)

_____________

Magazines:

Reader’s Digest to File for Chapter 11 Bankruptcy Protection
(DBN)

Bankruptcy and Reader’s Digest
(DBN)

Will Reader's Digest Survive Bankruptcy?
(DBN)

Why Digest's Next Excerpt Will Be From Chapter 11
(DBN)

Chapter 11 plan cedes Reader's Digest to lenders
(DBN)

Reader's Digest can't escape media's recession
(DBN)

______________

Finance:

CIT Group dodges bankruptcy ... for now
(DBN)

______________

Celebs:

On '60 Minutes' Vick says 'I blame me'
(DBN)

Old Friend Helping Vick Make New Start
(DBN)

Do You Accept Michael Vick's Apology?
(DBN)

The Crash of Annie Leibovitz
(DBN)

______________

Retailing:

Dillard's posts narrower quarterly loss
(DBN)

Lowe’s Quarterly Profit Misses Expectations
(DBN)

Home Depot's Second-Quarter Profit Falls Less Than Estimated
(DBN)

______________

Identity Theft:

Three Indicted in Largest Corporate Identity Theft Case in History
(DBN)

______________

Aviation:

How Frontier's Pilots Stymied Southwest Airlines
(DBN)

Will the 787 Deep-Six Boeing?
(DBN)

______________

Mining:

Grupo Mexico Increases Asarco Bid
(DBN)

______________

Hotels:

River Road Hotel Partners files for Chapter 11
(DBN)

______________

Finance:

CIT Winners Look Like Losers in Bond Swap
(DBN)

CIT Posts Ninth Straight Quarterly Loss as Reserves for Bad Loans Triple
(DBN)

What is going on with CIT?!
(DBN)

Fitch downgrades CIT's issuer default rating
(DBN)

Easing Small Players' Losses In CIT Crisis
(DBN)

CIT's CDS spreads still sky-high
(DBN)

______________

Politics:

Conservatives Now Outnumber Liberals in All 50 States, Says Gallup Poll
(DBN)

______________

Bonds:

Corporate Credit Slumps Most Since March on Concern for Economy
(DBN)

______________

Fashion:

Friday Fashion Flop
(DBN)

______________

Credit Cards:

Losses on AmEx credit cards slow in July
(DBN)

Unlike Amex , Capital One Defaults Worsening
(DBN)

U.S. Credit card defaults in signs of stabilizing
(DBN)

Falling Credit-Card Defaults Signal Recession May Be Ending
(DBN)

______________

Personal Finance:

Households hide their savings in closets, in pillows - even in brown paper lunch bags, just not at a bank
(DBN)

______________

Bankruptcy Litigation:

Tribune creditors seek probe of Zell buyout
(DBN)

______________

Accounting:

FASB may extend fair value to loans
(DBN)

Accountants just can't get a break...
(DBN)

______________

Non-Profits:

Social service agency JESCA files for bankruptcy protection
(DBN)

______________

Plastics:

Vincent Plastics in bankruptcy
(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 Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

This Week's Poll:

Have pre-plan sales of substantially all assets become the norm in Chapter 11 in lieu of reorganizations?

Click here to vote and click here to see results

Last Week's Poll Results (How Long Will Bankruptcy Practice Stay Busy)

____________

Newspapers:

Tribune Co. creditors seek special counsel to probe buyout, could sue to recover money
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings up 35% in 2009; Chapter 11 Filings up 91%
(DBN)

Guam bankruptcy filings increase
(DBN)

______________

Autos:

Creditors sue over Chrysler Financial spinoff
(DBN)

Chrysler Creditors Sue Daimler, Seeking 'Billions'
(DBN)

New auto industry is showing signs of its old self
(DBN)

Lear files reorganization plan, may exit this year
(DBN)

Cash for Clunkers: It's Still a Clunker
(DBN)

"Clunkers" program slows car gifts to US charities
(DBN)

Ernie Haire Ford sold at auction
(DBN)

Delphi retirees try to be heard in bankruptcy
(DBN)

Lengthy death watch for Ford's Ontario factory
(DBN)

GM, Koenigsegg Said to Reach Saab Agreement, Lack $300 Million
(DBN)

GM, Koenigsegg ink stock purchase deal on Saab
(DBN)

______________

Corporate Reform:

Justice Dept. won't appeal Nacchio resentencing ruling
(DBN)

CFPA is scaring non-bank lenders, too, and they know who they are
(DBN)

______________

Compensation:

Clawing Back Executive Pay
(DBN)

Supreme Court to Hear Case on Executive Pay
(DBN)

The Quick Buck Just Got Quicker
(DBN)

Incoming AIG CEO To Get $7 Million Annual Salary, Plus Incentives
(DBN)

______________

Oil/Gas:

CFTC considers limits on energy positions
(DBN)

Tulsa's semgroup Sells semfuel
(DBN)

Plano man arrested, accused of oil securities fraud for second time
(DBN)

______________

Municipalities:

Florida population drops for 1st time since 1946
(DBN)

Tight Budgets Pinch State Park Funds
(DBN)

_____________

Health Care:

Repros plunges as company says may face bankruptcy
(DBN)

Medical Capital wants bankruptcy protection
(DBN)

Alternate Plan as Health Option Muddies Debate
(DBN)

Health-Care Co-ops: Fig Leaf or Fix?
(DBN)

House Won't Drop Public Option
(DBN)

White House Reassures on Health Plan
(DBN)

Boycotting Whole Foods
(DBN)

Making Sense of the Public Option
(DBN)

______________

Fashion:

Who Will Save Lacroix?
(DBN)

______________

Religion:

Prosperity preachers barely acknowledge recession, "fear will make you stingy."
(DBN)

______________

Mass Torts:

James Hardie Seeks A$200 Million for Asbestos Fund
(DBN)

______________

M&A:

Bankruptcy Is the New M&A
(DBN)

______________

Student Debt:

Be wary of private student loans
(DBN)

______________

UK:

London Financial Hiring Stalled in July, Morgan McKinley Says
(DBN)

Huge spike in Glasgow bankruptcies
(DBN)

Chek Whyte Bankrupt Backlash
(DBN)

______________

Canada:

Canada's top doctor: Health care system 'imploding'... 'We all agree that things are more precarious than perhaps Canadians realize'
(DBN)

______________

Germany:

German Investor Confidence Rose to Highest Since 2006
(DBN)

______________

France:

French Woman's 'Bad Joke' to Creditors, Leaves Her Behind Bars
(DBN)

______________

Australia:

James Hardie Industries Shares Rise on Housing Market Prospects
(DBN)

______________

China:

Counting Profits in China - A Whole New Kind Of Accounting
(DBN)

______________

Japan:

Japan's Economic Recovery May Falter as Companies Cut Investment, Payrolls
(DBN)

______________

 

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