August 24, 2009

The Daily Bankruptcy News

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Law:

Lehman Pays Bankruptcy Advisers $308 Million in Fees
(DBN)

Thelen Settles Lawsuit With Schiff Hardin Over Sublease
(DBN)

Overseas Firm Finally Shells out Salaries
(DBN)

For One Law Firm, Canceled Summer Associate Program Is Old News
(DBN)

Midlevel Associates Rank Wachtell Tops in Compensation, Benefits
(DBN)

Howard Rice Sees Business Uptick, But Cancels 2010 Summer Program
(DBN)

Canceled Summer Program Watch: Howard Rice & Eckert Seamans Join the Party
(DBN)

Burges Salmon set to cut up to 31 jobs and freeze salaries
(DBN)

Tipster: Fish & Richardson Lays Off Corporate Lawyers [Update]
(DBN)

White & Case helps draft Kazakh restructuring laws
(DBN)

Canceled Summer Program Watch: Loeb & Loeb New York Doesn't Want Summers
(DBN)

McDermott Will & Emery Represents Tribune Company in Cubs Deal
(DBN)

Former Aide to Dick Armey Indicted in Abramoff Probe
(DBN)

Two Veteran Lawyers Say Now Is the Time for Fixed Fees
(DBN)

Flight in Phoenix: Five Attorney Bankruptcy Team Leaves Big-Law Outpost for More Local Firm
(DBN)

Alston & Bird Adds Bankruptcy Partner
(DBN)

Boom & Bust: E-discovery Industry Seeing Slower Growth, More Mergers
(DBN)

Hogan & Hartson Hosts ‘Sex and the City’
(DBN)

Only 25% of Americans Have a Positive Image of Lawyers
(DBN)

If Clothes Make the Man, What Should a Law Professor Wear?
(DBN)

K&L Gates Chairman Says Fordham Dean Needs to Join the 21st Century
(DBN)

Project Runway for Lawyers
(DBN)

The Only Crime: Sonnenschein Partner Paul Glad Can Never Eat Girl Scout Cookies Again
(DBN)

Microsoft Gets Expedited Appeal of Judge’s Ban on Some Word Product Sales
(DBN)

Tuition Free in the OC: Irvine Opens its Doors
(DBN)

Quit While You're Behind: Lawyer Sanctioned for Trying to Escape Earlier Sanction
(DBN)

Lawyer Ignores Major Heart Attack to Deliver Closing Arguments
(DBN)

JD Withheld From Alleged Rapist at University of San Diego
(DBN)

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Judges:

To Lawyers Who Represent Cooperators: Fear Judge Richard Sullivan
(DBN)

Trial of an Unrepentant Sharon Keller Wraps Up
(DBN)

Newly Released Documents Show Rehnquist's Private Side
(DBN)

Plain Talk From Judge Weighing Merrill Case
(DBN)

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Wall Street:

Stocks ready to stretch rally
(DBN)

Home Sales Lift Markets to Highest Close of '09
(DBN)

Shock! Goldman favors big clients
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

State unemployment, by the numbers
(DBN)

CA unemployment rises to 11.9 percent
(DBN)

Vegas jobless rate hits all-time high of 13.1%
(DBN)

NYC 9.6%
(DBN)

Some left feeling misled after spending thousands for job-search help
(DBN)

With Dad Laid Off, Finding Ways to Hold On
(DBN)

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Tax:

UBS chairman says clients "not harmless victims"
(DBN)

How Vulnerable Are Lawyers?
(DBN)

The UBS Matter May Be Settled, But the DOJ Keeps On Plugging
(DBN)

A Privileged World Begins to Give Up Its Secrets
(DBN)

Ex-UBS Banker Gets 40 Months in Swiss Bank Account Case
(DBN)

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Celebs:

Annie Leibovitz, photographer of stars, faces ruin
(DBN)

Forget Speidi; Meet Markus and Indrani
(DBN)

Not every ex-con gets the Vick treatment
(DBN)

Vick to appear in court before pre-season game
(DBN)

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Health Care:

Shreveport hospital set for foreclosure sale
(DBN)

Sebastopol hospital lays off 15 workers
(DBN)

Obama Challenges Health-Care Critics
(DBN)

New Splits Emerge in Health-Plan Talks
(DBN)

Five common myths about healthcare around the world
(DBN)

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Deals:

The Biggest Stumbles of the Week? Sam Zell or Eddie Lampert?
(DBN)

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Lehman:

PwC to appeal against Lehman decision over repaying clients
(DBN)

Hundreds of Hong Kong Lehman investors protest
(DBN)

Lehman scheme rejected by judge
(DBN)

Untangling Lehman's assets: The most expensive order ever from a Chinese restaurant
(DBN)

A Rally in Lehman Debt
(DBN)

Ex-Lehman CEO Fuld sells New York co-op for $26 mln
(DBN)

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Non-Profits:

Rainbows United CEO Fired
(DBN)

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Economy:

Roubini: Risk of double-dip recession rising
(DBN)

Fed's rate path, inflation aims may clash
(DBN)

Economy Is 'Leveling Out,' Bernanke Says
(DBN)

Fed, ECB eye recovery, too soon to hit the brakes
(DBN)

Don’t Let the Stimulus Lose Its Spark
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

US existing-home sales jump to 2-year high
(DBN)

Housing: Still a Long Road to Recovery
(DBN)

A Cul-de-Sac of Lost Dreams, and New Ones
(DBN)

Bulk condo prices are still sinking
(DBN)

America's Cheapest Homeownership Markets
(DBN)

Affordability Leads to Home Sales Spike in South
(DBN)

Midwest Home Sales Post 8.5 Percent Gain in July
(DBN)

Northeast Home Resales Climb 17 Percent in July
(DBN)

Developer Mastro agrees to Chapter 7 bankruptcy
(DBN)

Chandler's stalled subdivisions are coming back to life
(DBN)

Firms sued by SEC leave many in limbo
(DBN)

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Autos:

Fitch lifts negative outlook on 3 auto suppliers
(DBN)

Judge: GM can sever ties with 38 dealers
(DBN)

Car Buyers Make 'Mad Dash' to Dealers as Clunkers Program Ends
(DBN)

AutoNation ends "cash for clunker" sales early
(DBN)

Chrysler deputy CEO Press to leave-sources
(DBN)

How GM killed a car in 8 days
(DBN)

GM board fails to decide on Opel buyer, reports say
(DBN)

Merkel says GM decision on Opel urgently needed
(DBN)

Opel labor leader threatens action over GM delay
(DBN)

GM Advisers Said to Suggest Retaining Opel Ownership
(DBN)

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Aviation:

Who Will Southwest Try To Buy Next?
(DBN)

Mesa Air restructures more debt
(DBN)

Eclipse Aviation purchase approved
(DBN)

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Halloween:

Recession Scares Morbid Industries Into Liquidation
(DBN)

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History:

10 People Who Got Rich During the Depression
(DBN)

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Tech:

Turning Out The Lights: Tipjoy
(DBN)

Texas Instruments bids for Qimonda machinery
(DBN)

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Hollywood:

Terminator Producers File For Bankruptcy
(DBN)

You owe me, Arnie tells Terminator
(DBN)

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Oil/Gas:

Pacific Energy's Trading Bay sale gets OK from bankruptcy judge
(DBN)

Oil Trades Near 10-Month High on Optimism for Economic Recovery
(DBN)

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Ethanol:

Biofuel Plant in South GA Struggling
(DBN)

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Municipalities:

Region's troubles hurt even fiscally sound cities
(DBN)

Detroit public projects could face bind
(DBN)

Budget Pain Spreads To Energy-Rich States
(DBN)

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Theme Parks:

Six Flags lays out Ch. 11 restructuring plan
(DBN)

Former Six Flags execs offer to save failing parks
(DBN)

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Fraud:

Lawyers for Broker in Madoff Case Call US Suits Unfair
(DBN)

Madoff friend wants SEC, trustee charges dismissed
(DBN)

$1 Billion Fraud Case Against AIG Dismissed
(DBN)

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DIP Finance:

A DIP thaw in Canada
(DBN)

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Religion:

Diocese bankruptcy trustee asks for hearing
(DBN)

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Media:

JPMorgan Is Now the Largest Publisher in the U.S.
(DBN)

Reader's Digest Bankruptcy Underscores Its Need to Remake Media Model
(DBN)

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Dinosaurs:

Tinker the 65 million-year-old T-rex back in court
(DBN)

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Insurance:

Owners of Bankrupt Firm Can Sue Insurer
(DBN)

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Telecoms:

Ericsson CEO clueless about fate of Nortel deal
(DBN)

Dividing Nortel's spoils
(DBN)

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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:

Are bankruptcy lawyers compensated at market rates as the Bankruptcy Code intends?

Click here to vote and click here to see results

Last Week's Poll Results (Have Sales Replaced Reorgs)

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Banking:

Large Texas bank shut down by federal regulators
(DBN)

US Helps Spanish Company to Buy Texas Bank
(DBN)

Tracking Bank Failures
(DBN)

Colonial Bank Failure Highlights the Problem
(DBN)

What the Stress Tests Didn't Predict
(DBN)

Are There Too Many Financial Institutions in the US?
(DBN)

Big banks still hold FDIC captive
(DBN)

Banker, Gadfly, Lawyer, Spy
(WSJ: separate paid subscription required)

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Bankruptcy Statistics:

Inland area among nation's worst for bankruptcies
(DBN)

Filings Threaten Recovery
(DBN)

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Hockey:

Coyotes Hometown Seeks to Block Gretzky Claim
(DBN)

Sens owner surprised Balsillie questioned his integrity
(DBN)

Melnyk-bashing backfires on Balsillie
(DBN)

Latest round: Win for Balsillie, setback for NHL
(DBN)

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Newspapers:

Cubs happy to have ownership in place
(DBN)

How Zell botched Cubs deal
(DBN)

Newspapers, creditors to continue financing mediation
(DBN)

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Retailing:

AnnTaylor Posts Decline in Revenue
(DBN)

Sears, Lampert targeted in appeal of Kmart case
(DBN)

Old Time Pottery files for bankruptcy , won't close stores
(DBN)

Landlords find creative ways to fill retail spaces
(DBN)

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Gambling:

Station Casinos reveals newest property in the red
(DBN)

Trump investors worry investments will become worthless
(DBN)

Greektown creditors to vote on reorganization plans
(DBN)

Fontainebleau hit with $10 million construction claim
(DBN)

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Pensions:

Millions face shrinking Social Security payments
(DBN)

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Elder Debt:

Retirees increasingly burdened by debt
(DBN)

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Apparel:

Hartmarx 'Victory' No Longer Sweet for Rock Island Workers
(DBN)

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Jewelry:

High-end designers file into bankruptcy court
(DBN)

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Private Equity:

Indigestion Lasts at Buyout Firms
(DBN)

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Mining:

Sterling takes the keys
(DBN)

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Numismatics:

Despite Ch. 11 and fraud allegations, coin dealer back in business
(DBN)

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UK:

Struggling Focus boss attacks 'crass' rivals
(DBN)

Chek Whyte: I will pay all creditors in full
(DBN)

UK House Prices to Drop Further 13%, Bond Investors Forecast
(DBN)

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EU:

Europe Industrial Orders Increase More Than Forecast
(DBN)

European Bonds Fall as Stocks Rise on Indications of Recovery
(DBN)

ECB Warns of 'Bumpy Road' as No Stimulus End Signaled
(DBN)

______________

Ireland:

Ireland Rules Out Further Bank Takeovers
(DBN)

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China:

China to keep policy loose as economy faces new woes
(DBN)

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Thailand:

Thai economy emerges from recession in 2Q
(DBN)

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