August 26, 2009

The Daily Bankruptcy News

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Law:

BofA, SEC, Finger Wachtell, Shearman, Ask Rakoff to OK Deal
(DBN)

Did Bank of America Waive Attorney-Client Privilege in Merrill Bonus Flap?
(DBN)

SEC's Merrill Charges Were 'in Error': BofA
(DBN)

The Mainstream Media Is Aware That Law Firms Exist, Right?
(DBN)

Masry & Vitotoe, Firm in ‘Erin Brockovich,’ Files For Chapter 11
(DBN)

Daimler Says 'Nein' to Susman Godfrey in Chrysler Bankruptcy
(DBN)

Proskauer Rose and Mintz Levin Kick Off 'Deferment Extension' Season
(DBN)

Judge orders SEC to explain more in BofA case
(DBN)

The SEC Explains
(DBN)

Sex and the City 2 at Hogan & Hartson
(DBN)

Fewer Fee-Earners Feeling the Heat, but More Layoffs on the Way for London Firm
(DBN)

Ben Affleck and Matt Damon to Portray Morgan Lewis Lawyers
(DBN)

Major Canada Firm Must Produce Pay Info in Hard-Fought Sex Bias Case
(DBN)

Suit Claims Foley & Lardner Disclosed Confidential Patent Information
(DBN)

Former Partners Accuse Clifford Chance of Unfair Dismissal
(DBN)

Who Wants To Be A Millionaire? Ken Basin, Harvard Law '08, Sure Does.
(DBN)

Welcome to the Legal Rebels Project
(DBN)

Mobile Law Office
(DBN)

How to Avoid Getting Fired
(DBN)

Laid-Off Lawyers Struggle in Establishing Their Own Firm
(DBN)

Firm's Good Deed of Hiring Former Client Goes Punished
(DBN)

Some Do's and Dont's for Escaping From a Large Firm
(DBN)

News Flash to Law Students: If You Get a Summer Job Offer, Accept Now!
(DBN)

Ex-Lawyer Found Dead as Fed’l Trial in Embezzlement Case Is Hours Away
(DBN)

Attorney Indicted for Taking Bribe to Coach Client to Lie
(DBN)

Dollar Store for Law Schools
(DBN)

From Small Tweets, Big Firm Clients Grow
(DBN)

Comedian's Mother-in-Law Sues Over Being Brunt of Jokes
(DBN)

Lawyer Still Seeking Travel Companion - 51 (River Oaks)
(DBN)

Say What?!
(DBN)

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Judges:

‘Kids for Cash’ Judges Withdraw Guilty Pleas, Head to Trial
(DBN)

Tough Fight at Ethics Hearing for Judge Who Closed Court on Execution Day
(DBN)

Woman to sue judge over removal of Islamic head scarf
(DBN)

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Wall Street:

US Stock-Index Futures Fluctuate Before Economic Reports
(DBN)

Japanese Shares Reach a 10-Month High
(DBN)

European stocks slip on caution about recovery
(DBN)

Stocks rally on Bernanke, data; oil sells off
(DBN)

Why Goldman gives big clients a peak at its research
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Recovery won't improve unemployment
(DBN)

Buyouts could save Post Office $500M
(DBN)

Swiss Life to Cut 520 Jobs After Profit Slumps 91%
(DBN)

CA Corrections to issue 1,300 new layoff notices in wake of budget cuts
(DBN)

Job outlook rough until 2012 and beyond
(DBN)

Number of NYC jobless largest since '92
(DBN)

US employers see hires in year ahead
(DBN)

Cummins to Consolidate Plants, Cut Jobs
(DBN)

The Unemployed Never Had It So Bad
(DBN)

We're all going to be better workers: Lessons we all learned from during the downturn
(DBN)

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Municipalities:

Jefferson County blocked from spending occupational tax money
(DBN)

Rhode Island to shut down gov't for 12 days
(DBN)

Detroit teachers rally against concessions and layoffs
(DBN)

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Newspapers:

Philadelphia Inquirer Advertises Its Future
(DBN)

Hedge fund Atalaya buys Creative Loafing in bankruptcy auction
(DBN)

NY hedge fund gets Chicago Reader, 5 other weeklies
(DBN)

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Tech:

Turning Out The Lights: ConSentry Networks
(DBN)

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Retailing:

Staples hurt by interest, reorg costs
(DBN)

Sears axes ad budget as sales slide
(DBN)

Abercrombie & Fitch: The World's Worst Recession Brand?
(DBN)

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Oil/Gas:

SemGroup Energy reports $3.5 million second quarter net loss
(DBN)

Sem amends, extends plan
(DBN)

Gale ForcePetroleum plans to file for bankruptcy
(DBN)

Claims Trader Seeks Conversion of Viking Offshore Bankruptcies
(DBN)

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Alligators:

Alligators are safer too, during the recession.
(DBN)

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Predatory Lending:

$1 million fine for fast lender
(DBN)

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Credit Reporting:

Credit scores worsen for the good folks
(DBN)

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Economy:

Obama Raises 2010 Deficit Outlook 19% to $1.5 Trillion
(DBN)

White House, CBO see budget deficits for years ahead
(DBN)

40 Percent Tax Increase Needed To Close Deficit
(DBN)

Consumer sentiment, home prices show signs of life
(DBN)

Great Depression in San Joaquin Valley
(DBN)

Senate Confirmation of Bernanke May Focus on Response
(DBN)

Senate's Bunning Says Obama Has 'No Clue' in Naming Bernanke
(DBN)

Bernanke Is Sentenced to 4 More Years
(DBN)

Bernanke’s Next Tasks Will Be Undoing His First
(DBN)

Bernanke May Redefine Fed Mission in Financial-Market Stability
(DBN)

Bernanke gets rewarded for bravery in defeat
(DBN)

Credit Suisse Economist Sees End of Recession Near
(DBN)

Economy Was Still in Recession Last Month
(DBN)

Fed Foiled by FOIA, Ordered to Cough Up Loan Recipients Names
(DBN)

'Cash for Refrigerators' Debuts in Fall. Really.
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Home prices on the upswing
(DBN)

US home price increases may not stick
(DBN)

California Existing-Home Sales Up 12% in July
(DBN)

California mortgage delinquencies expected to rise through 2009
(DBN)

Why It’s Hard to Tell If Price Gains Represent a ‘Turning Point’
(DBN)

Economy drowning in underwater homeowners
(DBN)

Borrowers Lie for Loan Modifications
(DBN)

Home Foreclosures and Depression
(DBN)

Delinquent UPB For CMBS Jumps 511% Year-Over-Year
(DBN)

Citi's Mortgage Unit Adds 1400 to Stem Foreclosures
(DBN)

Pulte Homes, others rise on home price increases
(DBN)

Homebuilders Buy Land After Three Years of Selling as U.S. Demand Returns
(DBN)

PE firms turn IndyMac around
(DBN)

How foreclosure changed life for everyone in one cul-de-sac in Southern California
(DBN)

Detroit: Penobscot Building in default
(DBN)

What's next in Taylor Bean bankruptcy ?
(DBN)

_____________

Health Care:

Report: Small, mid-sized non-profit hospitals struggling
(DBN)

Company Cleared To Test Swine Flu Vaccine Fighting Off Liquidation
(DBN)

Health care claim costs expected to rise 10.5 pct
(DBN)

"Medical" Bankruptcy Cases
(DBN)

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Student Debt:

Not-so-easy credit for college kids
(DBN)

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Compensation:

Obama quiets, but 'pay czar' to hit bonuses
(DBN)

Banks add 'pay czar' clause to contracts
(DBN)

Citi's $100M man wants his check
(DBN)

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Litigation:

Court of Chancery Provides Guidance on Common Discovery "Hot-Spots"--Privilege Logs and the Scope of Redactions
(DBN)

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Religion:

Unseal priest lawsuit records
(DBN)

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Personal Bankruptcy:

Another Sign of the Futility of the 2005 Bankruptcy Law
(DBN)

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Hockey:

NHL in, Reinsdorf out of Coyotes bidding
(DBN)

NHL Offer to Buy Bankrupt Phoenix Coyotes Challenges Balsillie
(DBN)

Balsillie tightens screws on desperate NHL
(DBN)

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Serial Filings:

Bankruptcy's repeat offenders
(DBN)

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Gambling:

Trump blasts bondholders' opposition to restructuring plan
(DBN)

Lawyers agree to exchange information on Twin River bankruptcy
(DBN)

Law Firms Double Down in Station Casinos Bankruptcy
(DBN)

Small lenders feeling irked in Station case
(DBN)

______________

Accounting:

KPMG: We're Not Done
(DBN)

Possible Confirmation for Your Unfounded Rumors about Partner Expenses
(DBN)

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Baseball:

Cubs Chair on Chapter 11's Troubles for a Baseball Club
(DBN)

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Contempt:

TR spared jail time in bankruptcy case
(DBN)

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Examiners:

Magna judge considers request for examiner
(DBN)

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Mining:

Arizona backs Sterlite in battle for Asarco
(DBN)

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New Bankruptcy Opinions
(4 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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Autos:

Bankrupt suppliers seek exec bonuses
(DBN)

Lear can pay $20.6 million in bonuses
(DBN)

Chrysler Sues Daimler Alleging Breach of Contract
(DBN)

'Cash for clunkers' is administrative nightmare
(DBN)

Germans upset with General Motors' indecision about Opel
(DBN)

GM’s latest Opel dance plays with German nerves
(DBN)

GM's high-stakes standoff over Opel
(DBN)

GM Tells German Officials it Still Wants Opel Deal
(DBN)

The hands GM board could deal in Opel poker
(DBN)

GM Walks Fine Line With Opel
(DBN)

Toyota Will Cut Domestic Production as Sales Plummet
(DBN)

______________

Tax:

UBS and the Taxpayers' Hidden Billions
(DBN)

______________

Software:

Chapter 11 Trustee appointed in SCO Bankruptcy
(DBN)

The Roller SCOaster Continues: Fight With Novell Heads to Trial
(DBN)

SCO gets a partial win on appeal
(DBN)

SCO wins shock Unix verdict
(DBN)

_____________

Personal Finance:

When Financial Opposites Attract
(DBN)

Tom Wolfe on The Rich
(DBN)

______________

Fraud:

Former Stanford Investment Advisers Push to Get Assets Unfrozen
(DBN)

Madoff investors to sue PwC for $2bn
(DBN)

Madoff-Founded Cohmad Asks to Dismiss $100 Mln Suit
(DBN)

Fund-Raiser for Obama and Clintons Accused of Fraud
(DBN)

Madoff Mistress Spills Beans on 'Mr. Winky Dink'
(DBN)

Alleged Mistress to Forward Book to Madoff in Jail
(DBN)

Will There Be Fancy Wraps And Sweat Lodges For Stanford As Well?
(DBN)

NFL Players Tangled In Ponzi Scheme
(DBN)

Banker charged with fraud over $74M loan
(DBN)

Recession casting light on dark deals
(DBN)

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Banking:

The Best Umbrella - Potential liability of officers and directors of failed FDIC-insured financial institutions
(DBN)

FDIC chairman sees new wave of big risks
(DBN)

Whitney: "Early on in bank closures"
(DBN)

The Inside Story of What Went Wrong at Franklin Bank
(DBN)

Not a single American bank made it into list of top 25 safest
(DBN)

BofA nixes sale of card debt through federal plan
(DBN)

Texas banks outperforming the country in the recession
(DBN)

Colonial BancGroup files for Chapter 11 protection
(DBN)

French Bank’s Parent to Guarantee Toxic Assets
(DBN)

French Bankers Accept Restrictions on Bonuses
(DBN)

Sarkozy's Threat to Shun Bankers on Pay Sparks Concern From U.S. Investors
(DBN)

______________

Magazines:

Bankruptcy judge okays Reader's Digest $150 million DIP loan
(DBN)

______________

Art:

Boom's Over, Boys: Art's New Take on Money
(DBN)

______________

Corporate Reform:

The Meltdown Fall Guys
(DBN)

______________

Food/Drink:

Restaurants in the hot seat
(DBN)

Chianti as Collateral
(DBN)

______________

UK:

PwC dealt Lehmans payback blow by High Court
(DBN)

Baker Tilly assisting Charles Russell on Awal Bank collapse
(DBN)

Kerry Katona is still bankrupt and uses legal aid
(DBN)

Elle Macpherson Can't Counter London Gloom as Americans Flee Rising Taxes
(DBN)

______________

Germany:

German Business Confidence Climbs More Than Forecast
(DBN)

______________

Malaysia:

Malaysian Economy Enters Recession
(DBN)

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Russia:

Russian drug distributor seeks Veropharm bankruptcy
(DBN)

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