August 3, 2009

The Daily Bankruptcy News

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Law:

Last Week in Layoffs
(DBN)

ABA's MIA
(DBN)

The Golden Ax: Which BigLaw Firms Did Layoffs Best
(DBN)

The Bankruptcy Files: Inside Michael Vick's 'Excessive' Legal Bills
(DBN)

Clifford Chance to energize practice areas with sector focus bid
(DBN)

Norton Rose apes KPMG
(DBN)

Proskauer Rose Defers Current Summers to 2011
(DBN)

When the WSJ Has No Clothes
(DBN)

Cadwalader Offers Document Review Jobs to Lawyers on Sabbatical
(DBN)

Flight of the Rainmakers: Big-Firm Lawyers Opt for Boutique Practices
(DBN)

Winning Strategies for Older but Wiser Job Seekers
(DBN)

LessBigLaw: Fewer Lawyers Expected in 2010
(DBN)

Kramer Levin Soars in Double Eagle Coin Hoarding Case
(DBN)

The Proposed Tax Break for the Trial Bar
(DBN)

Consultant Touts 6 Systems Lawyers Need to Build a Dream Practice
(DBN)

‘7 Secrets’ to Help Lawyers Thrive in a Recession
(DBN)

Mikva on U of I Scandal: ‘Illinois Has Carried it to an Extreme.’
(DBN)

Hard Rock lawyers earn $1 million
(DBN)

DeGuerin Out, Patton Boggs In as Stanford’s Defense Counsel in $7B Case
(DBN)

A Beantown Headscratcher: Nesson’s Client Admits to Infringement
(DBN)

US student ordered to pay $675K fine to the RIAA
(DBN)

Career Alternatives for Attorneys: New England Innkeeper
(DBN)

Michigan Admissions Dean Responds to the Haters
(DBN)

Law Student of the Day: Moritz Student DQ'ed from Dairy Queen
(DBN)

'Lawyer' vs. 'Attorney': A Distinction Without A Difference?
(DBN)

Finding Accurate Law Text Online Nearly Impossible, Panelists Say
(DBN)

For Some Lawyers, A Day In The Office Can Carry Risks to Life and Limb
(DBN)

Facebooking Judge Catches Lawyer in Lie, Sees Ethical Breaches
(DBN)

Software Company's Former GC Suspended for Three Years for Role in Backdating
(DBN)

Made-Up Lawyers Try Real World Networking
(DBN)

Lawyers emerge as the winner in Ford settlement
(DBN)

UK Law Society starts campaign to scare off wannabe lawyers
(DBN)

Trouser woman 'ready for 40,000 lashes'
(DBN)

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Judges:

McCain Is Undecided on Sotomayor
(DBN)

Judge whose husband, mother were murdered looked into buying security system but didn't
(DBN)

Miss. Judge Bobby DeLaughter Pleads Guilty to Scruggs-Related Obstruction
(DBN)

Plea Agreements in Pa. Judicial Corruption Scandal Rejected
(DBN)

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Wall Street:

Stocks headed for gains
(DBN)

Rally Spurs Stocks to '09 Highs
(DBN)

Wall Street profits from trades with Fed
(DBN)

House votes to restrict Wall Street pay
(DBN)

Rescues Unlimited: Government as Wall Street’s Enabler
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Geithner Says Unemployment May Peak in Second Half of 2010
(DBN)

Prolonged Aid to Unemployed Is Running Out
(DBN)

Obama may extend jobless aid
(DBN)

College Grad Can't Find Job, Sues School for Tuition
(DBN)

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Banking:

Regulators shut banks in Fla., NJ, Ohio, Okla
(DBN)

Citigroup Looks Like It Could Shine
(DBN)

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Retailing:

Costly, Yes, but for You...
(DBN)

Beall's Outlets feasts in famine
(DBN)

Ritz Regroups With a Wide-Angle Approach
(DBN)

Pavilion mall fights for life in reorganization bankruptcy
(DBN)

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Tax:

Settlement Reached in UBS Tax Case
(DBN)

UBS not to pay fine in US tax settlement: reports
(DBN)

UBS, Feds, Swiss Reach Deal in Huge Tax Case; Names Likely to Follow
(DBN)

IRS Canvassing 400 Colleges on Compensation
(DBN)

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Fraud:

Big Investor Counters Charges in Madoff Case
(DBN)

Philanthropist wants Madoff trustee lawsuit tossed
(DBN)

Bernie Madoff's prison adviser gives a lesson in criminal injustice
(DBN)

Funds Hire Gumshoes To Vet For Next Madoff
(DBN)

Ruth Madoff must show independent sources of wealth
(DBN)

Big Investor Counters Charges in Madoff Case
(DBN)

Stanford Replaces Criminal Defense Lawyer
(DBN)

Stanford Receiver May Sue Investors - Judge
(DBN)

In Search of Competent (And Honest) Advisers
(DBN)

Fraud cases uncovered in sour economy
(DBN)

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Aviation:

No Apologies From the Boss of a No-Frills Airline
(DBN)

Republic closes Midwest deal
(DBN)

Buyer comes forward for Eclipse assets
(DBN)

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Health Care:

What Happened to Worrying About the Uninsured?
(DBN)

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Corporate Reform:

Bachus Says Parts of Financial Regulation Plan 'Have Stalled'
(DBN)

For a fee, they teach you Jail 101
(DBN)

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Fashion:

The Fall of Christian Lacroix
(DBN)

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Hockey:

Coyotes bankruptcy fight heating up
(DBN)

Jerry Reinsdorf's bid for Phoenix Coyotes needs more time
(DBN)

Goldwater Institute Attempts to Intervene in Coyotes' Bankruptcy
(DBN)

Judge allows most Glendale documents on Coyotes to remain sealed
(DBN)

Baum no NHL ally in Coyotes fight
(DBN)

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Pensions:

Delphi, Forum retirees brace for changes
(DBN)

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Economy:

Revised: Economy 2X Worse
(DBN)

US Recession Worst Since Great Depression, Revised Data Show
(DBN)

A Do-Over of Economy, for Better and Worse
(DBN)

Consumers Suffer From Low Economic Esteem
(DBN)

GDP -1%
(DBN)

Roubini: Recession Won't End Until Year End
(DBN)

Geithner Says Unemployment May Peak in Second Half of 2010
(DBN)

More steps may be needed on economy: Geithner
(DBN)

Business Activity in U.S. Contracts at Slower Pace, ISM-Chicago Index Says
(DBN)

Greenspan says no need yet to raise interest rates
(DBN)

Greenspan: Obama's solution is inadequate
(DBN)

Greenspan Says 2.5% Growth Possible in Third Quarter
(DBN)

U.S. Economy Shrinks at 1% Annual Rate; Spending Falls More Than Estimated
(DBN)

IMF Says U.S. Recovery to Be `Gradual,' More Stimulus Funds May Be Needed
(DBN)

Geithner: To save economy, deficit must go down
(DBN)

Geithner: New taxes may be needed
(DBN)

Geithner: No TARP II
(DBN)

Obama says many months before US exits recession
(DBN)

When Does a Depression or a Recession End?
(DBN)

U.S. Economic Contraction Slowed in Quarter
(DBN)

Signs of weakness in economy boost Treasurys; Record amount of debt issuance
(DBN)

Federal Agencies Diverted Earmark Money
(DBN)

Officials see US economic growth in 2nd half
(DBN)

In With 'Recession,' Out With 'Depression'
(DBN)

Recovery to Hinge on Businesses
(WSJ: separate paid subscription required)

Slice of central US safe from recession shrinking
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Housing could take another turn downward: Greenspan
(DBN)

Foreclosures stabilize in key states
(DBN)

In Florida, Housing Recovery Still Looks Distant
(DBN)

Rookie Home-Buyer Mistakes
(DBN)

Renters can suffer when owners are in bankruptcy
(DBN)

Court filings detail developer's executive pay
(DBN)

Files detail LandAmerica money woes
(DBN)

A Mortgage Watchdog Group Is Born
(DBN)

More Americans are falling behind on their property taxes, compounding the collapse of the housing market
(DBN)

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Autos:

GM Creditors Sue JPMorgan, Banks, Claiming $1.4 Billion Loan Was Unsecured
(DBN)

Opel Tops GM Board's Agenda as Whitacre Convenes First Meeting
(DBN)

House Votes to Add $2 Billion to ‘Cash for Clunkers’
(DBN)

Obama administration hopeful on "clunker" extension
(DBN)

'Clunkers' Honored Through Tuesday
(DBN)

Dealers Race to Get Their Clunkers Crushed
(DBN)

Dealers Welcome Clunker Traffic, Even if It’s No Cure-All
(DBN)

Chrysler to Drop 'Clunker' Incentive
(DBN)

Buick's demise not final
(DBN)

Some used car dealers are clunker law critics
(DBN)

Cash For Clunkers draws scammers
(DBN)

'Cash for clunkers' not a great deal for everyone
(DBN)

Ford's US Sales Rise for First Time Since 2007 on 'Clunkers'
(DBN)

Shuttered factories, shattered lives in US rust belt
(DBN)

Remembering when GM employed half of Flint, Michigan
(DBN)

Tampa's Ernie Haire Ford set for auction
(DBN)

Canada stalls? The humbling of Detroit North
(DBN)

Ssangyong Motor May Seek Liquidation If Occupation Continues
(DBN)

Labor talks at S.Korea's Ssangyong Motor break off
(DBN)

More selfishness at Ssangyong
(DBN)

Tensions mount as Ssangyong employees seek to evict fired workers
(DBN)

Germany says Opel suitors must improve bids
(DBN)

GM Said to Back RHJ Offer or Bankruptcy for Opel Over Magna Bid
(DBN)

Opel may enter bankruptcy
(DBN)

Germany, GM to Meet Opel Bidders
(DBN)

Subaru Forecasts 30% Gain in July Sales
(DBN)

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Health Care:

The solution for GM and Chrysler might be good medicine for U.S. health care system
(DBN)

Closed Fulton hospital ends pension program
(DBN)

The Healthcare Bankruptcy Myth
(DBN)

Health Bill May Advance Without Bipartisan Deal
(DBN)

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Celebs:

Money-troubled doctor found lifeline in Jackson
(DBN)

The search warrant for the house owned by Michael Jackson's Doctor
(DBN)

Paper: Aide 'killed' Michael Jackson with Demerol hit as Doctor slept
(DBN)

Michael Vick deserves a second chance
(DBN)

Michael Is A “Vick-tim”
(DBN)

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Corporate Reform:

Court Orders Reduced Term for Ex-Qwest Chief
(DBN)

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Gambling:

Las Vegas Sands Declares Quarterly Dividend
(DBN)

Casino Disrepair Causes Potential Purchaser to Sue Trump Casinos
(DBN)

Bankruptcy imperils Madera County casino
(DBN)

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Resorts:

Blixseth Battle Rages On
(DBN)

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Hotels:

Bad News for Extended Stay's 'Bad Boy' Lichtenstein
(DBN)

Downtown Stockton's Lexington Hotel checks out
(DBN)

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Non-Profits:

Rainbows to reduce staff, sell buildings
(DBN)

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Finance:

CIT to provide $1 bln to trade finance unit
(DBN)

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Distressed Investing:

Lone Star Said to Secure Pledges for $20 Billion Distressed Property Funds
(DBN)

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Consultants:

Law firms weigh shareholder claims against Huron
(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:

GM and Chrysler should have been allowed to undergo Ch. 11 bankruptcy without government support.

Click here to vote and see results

Last Week's Poll Results

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DIP Finance:

Default Increase Curbs Bankruptcy Lending as Recoveries Dwindle
(DBN)

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Mass Torts:

Clear as Mud: Asbestos Trusts and Empirical Evidence
(DBN)

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Banking:

What Do the Banks Owe the Country?
(DBN)

‘Nice’ Wasn’t Part of the Deal
(DBN)

Regulators Get Tougher on Banks
(DBN)

Bank of America Exits Include 3 More Directors
(DBN)

Corus Bankshares Declares It Is on the Brink of Failure
(DBN)

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Oil/Gas:

Profit Dips 71 Percent at Chevron
(DBN)

Paper: World Oil Supplies 'Running Out Fast'
(DBN)

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Ethanol:

Bankrupt VeraSun files plan to cancel common stock
(DBN)

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Municipalities:

Bankruptcy fallout
(DBN)

Alabama County Faces Major Layoffs
(DBN)

Alabama county prepares for government shutdown
(DBN)

Calif. Deal Leaves More Kids Uninsured
(DBN)

California public union OKs strike authorization
(DBN)

Detroit School System Eyes California Case
(DBN)

California bankruptcy ruling a precedent for DPS
(DBN)

Washington Park officials defend bankruptcy decision
(DBN)

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Executive Compensation:

$100 Million Payday Poses Problem for Pay Czar
(DBN)

House Gives Regulators Incentive Pay Role; Senate Prospects Dim
(DBN)

House Backs Greater Say On Pay by Shareholders
(DBN)

______________

Credit Cards:

Monthly credit card payments increase
(DBN)

______________

Tech:

As Banks Retreat, Valley Financier Looks to Fill a Gap
(DBN)

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Numismatics:

Playtime Is Over for Florida Collector
(DBN)

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Corporate Governance:

Gary Hamel: Can a Company Die Prematurely?
(DBN)

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Student Debt:

College Credit Card Atmosphere Starting to Calm
(DBN)

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Jewelry;

Finlay Said to Get 2 Bids Before Possible Bankruptcy
(DBN)

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Agriculture:

USDA Raises Dairy Support Prices to Help Industry
(DBN)

______________

Telecoms:

Does Nortel have a future after all?
(DBN)

______________

Photography:

For Annie Leibovitz, a Fuzzy Financial Picture
(DBN)

______________

Trucking:

Gainey on disputed loans to himself: 'It was my company'
(DBN)

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Ratings Agencies:

S&P Says Investors Can't Sue Over High Ratings on Lehman Bonds
(DBN)

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Religion:

A prayer for hard times
(DBN)

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Food/Drink:

Bashas' liable to get smaller in bankruptcy
(DBN)

Co-op investors lose big bucks
(DBN)

______________

Theme Parks:

HRP lawyers will get paid, 3000 other creditors won't
(DBN)

______________

Museums:

Michigan's Sports Hall of Fame on its last legs
(DBN)

______________

UK:

Collapses still high but leveling out, says Deloitte
(DBN)

Auditors raise National Express alarm
(DBN)

Deloitte: UK business administrations may 'plateau'
(DBN)

'Quickie' bankruptcies off to a slow start
(DBN)

Ronnie dossier stirs the bitter row at JJB
(DBN)

U.K. Consumer Confidence Holds at Highest Since April 2008 as Slump Eases
(DBN)

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Canada:

Why Garth Drabinsky is no ordinary fraudster
(DBN)

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India:

India's Madoff ? Accused of duping 2500 investors in police net
(DBN)

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Australia:

Australia's Swan Says Too Early to Curb Stimulus
(DBN)

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China:

Chinese Manufacturing Expands for Fifth Month on Record Lending, Stimulus
(DBN)

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Germany:

German Retail Sales Unexpectedly Slump for 2nd Month
(DBN)

______________

Malaysia:

Bankruptcy Act Might Be Amended To Make It Client-friendly
(DBN)

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