August 19, 2009

The Daily Bankruptcy News

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Law:

Zuckerman Wants In on Tribune Bankruptcy
(DBN)

Q: What Can Law Firms Do To Make Everyone Happy? A: Read This
(DBN)

$40 Million Benchslap for Weil Gotshal
(DBN)

Landing a Small-Firm Job Took Something Extra
(DBN)

Are the Times A-Changing Yet?
(DBN)

Two veteran lawyers say that now is the time for fixed fees
(DBN)

Butzel Long attorneys to serve as counsel for creditors in GM bankruptcy case - Detroit News and Information
(DBN)

Butzel Long's Fisher on hedge funds in bankruptcy
(DBN)

Weil Gotshal’s Next Fee Request in Lehman: $45.2 Million
(DBN)

Laughing All the Way to the Bankruptcy: NY Firm Passes $100 Million in Fees in Lehman Disaster
(DBN)

Mamas Don't Let Your Babies Grow Up To Be Contract Attorneys
(DBN)

Four Tips for Reluctant Networkers
(DBN)

Paul Hastings Hiring Only 75 Percent of Summers
(DBN)

Paul Hastings Correction: The Firm Will Defer Part of the Class of 2010 to 2011
(DBN)

In this Recession, Litigation Isn't a Savior
(DBN)

Book Excerpt: Reflections on Moving Inside to Outside
(DBN)

400-Attorney Firm Names New Boss in Philly
(DBN)

After Settlement, Opinions Erased From Lexis and Westlaw
(DBN)

Lawyer Fraud Taints Pesticide Suit Claims
(DBN)

2 Texas Lawyers Conspired to Defraud Client Debtors, Class Action Contends
(DBN)

Lawyer Sanctioned for Filing Suit His Folding Client Was Ordered Not to File
(DBN)

Judge Dismisses Malpractice Case Against Pepper Hamilton
(DBN)

Age Discrimination Suit Against Crowell & Moring Moves to Federal Court
(DBN)

Vault Releases 2010 Law Firm Rankings
(DBN)

Dressing for Formal Events on a Budget
(DBN)

Forget St. Barts and Be Grateful You’re Working, Columnist Tells ‘Exhausted’
(DBN)

Allocating E-Discovery Costs in New York
(DBN)

For Litigators, a Different Kind of Recession
(DBN)

E-Discovery Fears May Explain Why Recession Didn't Spur Litigation
(DBN)

Founding Fathers mostly lawyers
(DBN)

Angry Neighbors With Paintball Guns Target Speeders
(DBN)

Lawsuit of the Day
(DBN)

Courtroom Drama Should Have Triggered Mistrial, Court Rules
(DBN)

Lawyer of the Day: Gary Appelblatt
(DBN)

Welcome to the firm, Kate!
(DBN)

Armored Truck Nicknamed Armadillo is Unique Anti-Crime Tool
(DBN)

Say What?!
(DBN)

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Judges:

Judge Slams Weil Lawyer Over Courtroom Remarks
(DBN)

Where Bush Looked for His District Court Judges
(DBN)

Lawyers spar in trial of judge over death-row case
(DBN)

Keller still on stand after Day 2 of hearing
(DBN)

Judge: Closing court before appeal wasn't a ruling
(DBN)

Fellow judge says Keller violated procedure in death row case; Former court counsel Ed Marty's statement could raise doubts
(DBN)

Los Angeles County Judges Take Voluntary Pay Cut
(DBN)

J.Lo Throws Dinner Party for Sonia Sotomayor
(DBN)

Supreme Court Sets Oral Argument in Schwab v. Reilly - November 3, 2009
(DBN)

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Wall Street:

US Stock-Index Futures Decline
(DBN)

Stocks Fall as China Slumps; Commodities Drop, Yen, Bonds Rise
(DBN)

Stocks Rebound on Retail Results
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

15,000 applied for 500 jobs at a JCPenny's
(DBN)

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DIP Finance:

Sankaty Raising Funds for DIP and Mid-Market Lending
(DBN)

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Banking:

Bad banks -- They're baaack!
(DBN)

Colonial Bank Marks a New Low for Loans
(WSJ: separate paid subscription required)

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Packaging:

Pliant's Apollo-shaped bankruptcy plan goes to vote
(DBN)

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Retailing:

With Few Exceptions, Retailers Remain Weak
(DBN)

Heavy lifting starts now in General Growth bankruptcy
(DBN)

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Bankruptcy Litigation:

Judge: Lenders can intervene in Lyondell lawsuit
(DBN)

Magna Entertainment Creditors Allowed to Sue Chairman
(DBN)

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Corporate Reform:

Rethinking the Corporate Crime Spree
(DBN)

AGs back Obama's Consumer Financial Protection Agency
(DBN)

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Health Care:

Man says he sold kidney in US for $20k
(DBN)

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Corporate Governance:s

Law Firms Submit Joint Letter to SEC on Corporate Board Nominations
(DBN)

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Lehman:

Lehman Brothers collapse to be turned into primetime drama
(DBN)

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Religion:

Bankrupt diocese begs for nationwide donations to cover attorney fees
(DBN)

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Economy:

Recovery begins, but recession leaves scars, IMF says
(DBN)

Frailty Lingers in Producer Price and Housing Reports
(DBN)

LAT poll says public has lost hope in the stimulus plan.
(DBN)

Dollar to Decline Amid Concern It 'May Lose Reserve Status'
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

New Home Construction Unexpectedly Declines in July
(DBN)

Single-Family Home Starts Rose in July
(DBN)

In Appraisal Shift, Lenders Gain Power and Critics
(DBN)

The Lack of Evidentiary Foundations Fosters Fraud
(DBN)

Fitch Ratings Steps Up Probe into Commercial Mortgage Exposure
(DBN)

No New Apartments
(DBN)

Tishman Said To Seek New Loan Terms on DC Properties
(DBN)

Home Sales Up in Southern California
(DBN)

Pulte and Centex merge to become nation's largest homebuilders
(DBN)

Freddie Mac Names Morgan Stanley's Witherell as COO
(DBN)

Smith Mountain Lake developer files for bankruptcy
(DBN)

Has Government Intervention Stalled Home Price Declines?
(DBN)

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Autos:

GM Announces First Production Hike, Worker Rehire Since Bankruptcy
(DBN)

American Axle Reaches 11-Month High on Accord With GM
(DBN)

GM agrees to sell Saab to tiny Swedish carmaker
(DBN)

Chrysler creditors sue Daimler, claim fraud
(DBN)

Chrysler Unsecured Creditors' Committee Launches Bankruptcy Website
(DBN)

Chryslers' Bankruptcy Deal—the Casualty Count Begins
(DBN)

Former Car Dealer Prebul Repeatedly Takes The Fifth
(DBN)

Cash-for-clunkers boost Japanese car sales; Americans choose Toyota over US brands
(DBN)

GM board to meet on Friday on Opel sale
(DBN)

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Fraud:

Madoff Lover Stuck With Him Because of His Tenderness, Her Lust
(DBN)

Bernard Madoff turns into a money-making machine - at last
(DBN)

Bernie Madoff Is Actually Quite Boring
(DBN)

Bernie Madoff's Other Little Secret
(DBN)

Ex-Brocade Chief Reyes Gets Fraud Conviction Reversed
(DBN)

Jones' Financial Records Missing: Bankruptcy Trustee
(DBN)

Jones used millions to support lifestyle: auditor
(DBN)

Audit: Montreal Ponzi scheme netted $12.3M
(DBN)

SEC Freezes Assets of Private Equity Group
(DBN)

Plaintiffs and Plantations
(DBN)

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Tax:

US says building criminal cases against UBS clients
(DBN)

More than 150 UBS clients reportedly to face US charges
(DBN)

Banker Pointed Feds to 150 UBS Clients Now Under Investigation, Filing Says
(DBN)

US seeks reduced term for star Swiss bank witness
(DBN)

Tax Probe Targets More Europe Banks
(DBN)

Private Tax Collection
(DBN)

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Metals:

Secondary Aluminum Smelter Files for Bankruptcy Protection
(DBN)

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Newspapers:

Bankruptcy Judge to Lawyer: 'You've Made a Mess'
(DBN)

2 suitors ready to bid on NH newspaper
(DBN)

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Hotels:

Bad Boy' Dispute Brewing over Hotel Chain Bankruptcy
(DBN)

Hyatt Regency Dearborn hotel owner defaults on loan
(DBN)

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Food/Drink:

The Demise of Sky-High Dining
(DBN)

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Private Equity:

Reader's Digest Bankruptcy: Private Equity's Graveyard is Getting Crowded
(DBN)

Laundry Room Chronicles: Reader's Digest Debacle
(DBN)

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Credit Cards:

When Credit-Card Rules Take Effect
(DBN)

______________

Accounting:

Radio Station Black Tuesday Update
(DBN)

Financial heavyweights defend fair value
(DBN)

Get Ready for the Next Fair-Value Showdown
(DBN)

Bonuses down in response to downturn
(DBN)

Will calculate for food
(DBN)

McGladrey & Pullen Sued for Helping Bad Guys
(DBN)

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Consumer Debt:

More Consumers Added Debt In July
(DBN)

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Hockey:

NHL, Balsillie ready for next round
(DBN)

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Television:

TV stations' pact draws fire
(DBN)

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Municipalities:

Malibu Gains City Hall Via Bankruptcy Buy
(DBN)

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New Bankruptcy Opinions
(2 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)

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Turnarounds:

Meet MGM's Newest Star -- Turnaround Guru Stephen Cooper
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Theme Parks:

Former execs offer to manage bankrupt Six Flags
(DBN)

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Prepacks:

Prepackaged insolvency is increasingly popular
(DBN)

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Mail:

The US Postal Service: Our Next Bankruptcy ?
(DBN)

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Aviation:

Southwest, union ties in focus after failed deal
(DBN)

Frontier Could Exit Bankruptcy In Sept.
(DBN)

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Mining:

Grupo Mexico Arranges $1.5 Billion Asarco Financing
(DBN)

The Struggle for Asarco
(DBN)

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Celebs:

Lenny Dykstra's crazy expensive German Shepherd
(DBN)

Annie Leibovitz and the Indebted Rich
(DBN)

Michael Jackson's children have lawyered up
(DBN)

Judge divides Simpson memorabilia
(DBN)

10 celebrities' big money mistakes
(DBN)

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Oil/Gas:

Forecasts: no end in sight for natural gas glut
(DBN)

Crude Oil Falls as China Equities Decline on Growth Concern
(DBN)

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Gambling:

Hooters Casino may go bust
(DBN)

What happens in Vegas is hurting Vegas
(DBN)

Twin River returns to bankruptcy court
(DBN)

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Trucking:

Who will win if YRC fails?
(DBN)

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Sports:

Lang Bleeds Green and Gold
(DBN)

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Hollywood:

MGM studio replaces CEO, hires turnaround expert
(DBN)

Can Cooper revive MGM?
(DBN)

Hollywood Moguls Face Their Own Drama
(DBN)

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Health Care:

Endoscopy doc a no-show in bankruptcy court
(DBN)

Obama to rally grass roots backers on health care
(DBN)

AARP Loses 60,000+ Members Over Pro- Obama Health Care Stance
(DBN)

Gallup Polls Highlight Polarized Health-Care Debate
(DBN)

White House Is Seeking to Repair Intraparty Rift About Public Option
(DBN)

Democrats Seem Set to Go It Alone on a Health Bill
(DBN)

______________

Tech:

Poor HP Earnings Dim Hopes for Tech
(DBN)

______________

Consultants:

Huron Consulting Beats the Numbers, Cooked Books and a Bunch of Other Shadiness Notwithstanding
(DBN)

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Debt Collection:

Cuomo sues debt collection operation
(DBN)

______________

Personal Finance:

Walking Away From Secured Debt
(DBN)

Chicken Farming in the City
(DBN)

'Squeaking By' on $300,000? Keeping Up Appearances in a Recession
(DBN)

______________

Fitness:

Crunch gym's closing part of bankruptcy restructuring
(DBN)

______________

UK:

UK Government Swaps Rise After Cameron Warns of Default Risk
(DBN)

Actor Morrissey to pay back debts
(DBN)

King Sought $329 Billion of Asset Purchases
(DBN)

______________

EU:

In Eastern Europe, a deeper slump
(DBN)

______________

Canada:

Smurfit seeks sale of 1 million acres
(DBN)

Canada May Not Block Nortel Asset Sale to Ericsson, Globe Says
(DBN)

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Russia:

Understanding Bankruptcy Proceedings
(DBN)

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Germany:

Arcandor Creditor Valovis Rejects Administrator's Allegation
(DBN)

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