August 31, 2009
The Daily Bankruptcy News
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Law:
Baker Botts Hits $100 Million Mark in Asarco Bankruptcy
(DBN)
Nationwide Layoff Follow-Up: More Numbers From Baker Botts
(DBN)
I assumed $750/hr was incentive enough
(DBN)
Proskauer Targeted in Class Action Over Handling of Stanford Financial
(DBN)
Sjoblom, Proskauer Rose Face Fallout From Stanford Affair
(DBN)
It's Not About the Money
(DBN)
Law Firm Leaders: Why Hire Summers When Laid-Off Lawyers Are Available?
(DBN)
Accept Your Offers: All of Them
(DBN)
How GCs are Cutting Costs - and Possibly Law Firm Profits
(DBN)
Debtor lawyers Say Manager Holds Records Hostage
(DBN)
Bankruptcies bring bucks
(DBN)
Seniors, advocates fume over attorney's bankruptcy
(DBN)
Obama’s ‘Pay Czar’ Made $5.76M Last Year as a Law Firm Partner
(DBN)
Prosecutorial Misconduct in Patrick Fitzgerald’s Office? Yes, Says Judge
(DBN)
Notes from the Breadline
(DBN)
No Offer in Hand? Then You Need a Plan
(DBN)
Skadden, You Gladden Her Heart
(DBN)
Talkin Bout a Revolution
(DBN)
Who Represents America's Biggest Companies: 2009
(DBN)
On Law Firm Leadership and Accountability
(DBN)
Are Lawyers Creditors?
(DBN)
Heigh-Ho, Heigh-Ho: Firm Invites Some Deferred Associates to Un-Defer
(DBN)
Firm rolls out reduced hours measures to avoid further job cuts
(DBN)
The striking differences between the US and UK legal markets
(DBN)
Firm Quietly Cuts Lawyers & Staff
(DBN)
In a Downturn, Who Gets Priority?
(DBN)
Would Someone Get This Firm a Tourniquet? Four More Partners Defect
(DBN)
King & Spalding Resets Associate Salaries to 2008 Levels
(DBN)
Masry & Vititoe bankruptcy numbers at least four lawyers and law firms among top creditors
(DBN)
7th Circuit Upholds Dismissal of Case for 'Flagrant' Attorney Misconduct
(DBN)
Howrey Can Use 'Ethical Wall' Over Client's Objections
(DBN)
Colleagues Want Attorney That Said "I'll Snatch You Bald" Fired
(DBN)
Lost in Supreme Court? Try Family Court! (Of Course, You'll Get Suspended...)
(DBN)
Ex-Receptionist Sues Littler Over Alleged Lack of Bathroom Breaks
(DBN)
Don't lie to the court about having a brain tumor
(DBN)
Law Student Recalls Sabotage by Co-Worker
(DBN)
Law Firm Manager Sentenced to Prison for Carjacking Hoax
(DBN)
The Douchiest Law School: Eight in the Douche Bag
(DBN)
Prelude to a Kiss - Associates Gone Wild
(DBN)
Say What?!
(DBN)
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Judges:
Judges Allegedly Behaving Badly: Texas’ Donald Jackson
(DBN)
Ex-Judge Convicted of Attempted Extortion and Soliciting Bribes
(DBN)
Ex-Judge’s Disability Pension Related to Winning $2.1M Libel Suit Is Rejected
(DBN)
Scalia Reportedly Upset at Suggestion His Judging Is Influenced by Religion
(DBN)
Ex-NY Judge Convicted of Trying to Shake Down Lawyers
(DBN)
Charges dropped against Texas SC justice's wife
(DBN)
A ‘Little Judge’ Who Rejects Foreclosures, Brooklyn Style
(DBN)
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Wall Street:
US Stock-Index Futures Drop
(DBN)
European Shares Fall as China Plunges Nearly 7 Pct
(DBN)
Shanghai Shares Tumble 6.75%
(DBN)
Asian Stocks Fall on China Growth Concern
(DBN)
US second-quarter earnings tough to beat
(DBN)
US Stocks Advance on Better-Than-Estimated Economic Reports
(DBN)
It’s Time to Admit That Money Funds Involve Risk
(DBN)
Checkmate for a Wall Street wizard?
(DBN)
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Layoffs:
National and State by State Unemployment Rates
(DBN)
Whirlpool to close Indiana plant, cut 1,100 jobs
(DBN)
Resort at Singer Island to lay off 230
(DBN)
The new F-word: Furloughs
(DBN)
Older, younger workers in a job jam
(DBN)
Monster Worldwide Shares Up on Stabilizing Trend
(DBN)
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Banking:
Regulators Shut Down Three Failing Banks, Pushing 2009 Total to 84
(DBN)
US bank failures picking up speed
(DBN)
Is it Possible 1,000 Banks Could Fail?
(DBN)
Banks' struggles have worsened
(DBN)
Raft of Deals for Failed Banks Puts U.S. on Hook for Billions
(WSJ: separate paid subscription required)
Feds seize Bradford Bank; M&T to buy assets
(DBN)
Guaranty Financial Group Seeks Bankruptcy Protection
(DBN)
FDIC to Ease Entry for Private Equity Firms Buying Failed Banks
(DBN)
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Hedge Funds:
Investors in Cerberus Seek to Pull $5.5 Billion
(DBN)
Cerberus to Raise New Distressed Funds After Investors Pull $4.9 Billion
(DBN)
How Dodd Helped A Troubled Hedge Fund Fight For Help
(DBN)
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Economy:
As Big Banks Repay Bailout Money, U.S. Sees a Profit
(DBN)
Consumer spending rises in July, but consumer sentiment slips
(DBN)
An Echo Chamber of Boom and Bust
(DBN)
Survey Finds Support for Fed, Jitters on Spending
(DBN)
Reluctance to Spend May Be Legacy of Recession
(DBN)
Who Gets the Blame for the Deep Deficit?
(DBN)
Lessons of the Financial Crisis
(DBN)
Halting Recovery Divides U.S.
(WSJ: separate paid subscription required)
Lecturing Bernanke
(DBN)
Rep. Frank Seeks Compromise on Fed Audit Bill
(DBN)
Economic Stress Index
(DBN)
Economy Tracker Map
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Recovery Index
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Real Estate:
Mortgages: The Depths of Mortgage Debt
(DBN)
Taylor Bean hopes to recoup $1 billion from government
(DBN)
Lawyer indicates TBW may not restructure out of bankruptcy
(DBN)
Bank of America gets Taylor Bean accounts
(DBN)
Low Mortgage Rates Are Back—For the Moment
(DBN)
High-profile properties facing foreclosure
(DBN)
Fed Paper: Were Fannie, Freddie Affordable Housing Goals Effective?
(DBN)
Restructuring guru, new board members join TBW salvage team
(DBN)
The Feds are making the mortgage mess even worse
(DBN)
Banks slapped again; commercial real estate delinquencies mushroom
(DBN)
Mastro bankruptcy stirs up creditors: Who's first in line?
(DBN)
Countrywide, Former Employees Settle Class Action Over Retirement Losses
(DBN)
Fed Requires More Disclosure for Home Secured Credit
(DBN)
Judge: Penobscot Building lender to control rent payments
(DBN)
More Subprime Lawsuit Dismissals
(DBN)
Denver: Project owner blames lender for landmark's bankruptcy
(DBN)
Phoenix Home Sale Prices Rise on Fewer Distressed Sales
(DBN)
Clearing Distressed Debt . . .and Its Debris - The $20 House
(DBN)
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Health Care:
Health Care Plan Could Help Hospitals' Bad Debt, Study Says
(DBN)
Medical Bankruptcy in the United States, 2007: Results of a National Study
(DBN)
Doctors Euthanized Dozens During Katrina?
(DBN)
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Newspapers:
Another US publisher goes bankrupt
(DBN)
Non-Profit’s Bankruptcy Another Blow To Newspapers
(DBN)
Bankruptcy battle: Who will own the Daily News and Inquirer?
(DBN)
Phila. Newspapers, top creditors agree on several points
(DBN)
Auction for Philly newspapers slated amid Ch. 11
(DBN)
Tribune Co. bankruptcy case: Division in the ranks of creditors
(DBN)
Tribune bondholder fight no precedent for mega-LBOs
(DBN)
Tribune may exit bankruptcy this fall
(DBN)
Tribune Chief May Remain for the Cleanup
(DBN)
Bogdan Seeks Path for Chicago Reader's Survival
(DBN)
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Municipalities:
After Century of Big Growth, Tide Turns in Florida
(DBN)
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Hockey:
NHL’s Commitment To Arizona: One Season
(DBN)
Coyotes bankruptcy : Where everyone stands
(DBN)
Glendale finally gets benefit of the doubt?
(DBN)
MLSE, NHL at odds over rights
(DBN)
VETO
(DBN)
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Food/Drink:
Bashas' asks firm to probe store leases
(DBN)
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Chemicals:
Huntsman to buy Tronox assets for $415 million
(DBN)
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Claim Trading:
Debt Sales Drag Despite Low Prices
(DBN)
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Accounting:
Grant Thornton is Making Their Passion Known Worldwide
(DBN)
Rumor of the Day: Deloitte Snagging Chrysler Audit from KPMG?
(DBN)
Who is the Mastermind Behind Accountants' Lack of Prestige?
(DBN)
Rumor: E&Y SoCal Layoffs
(DBN)
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Mining:
Asarco bankruptcy case ruling will affect Arizona for years
(DBN)
Grupo Mexico makes offer to Asarco workers
(DBN)
US judge may decide Asarco's fate as soon as Monday
(DBN)
Sterlite gets crucial nods
(DBN)
Asarco awaits its fate
(DBN)
Grupo Mexico makes 2 year extension offer to Asarco workers
(DBN)
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(No new opinions today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:
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(10)
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This Week's Poll:
Rank and file employee claims for unpaid wages should receive a priority in assets above secured creditors |
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Last Week's Poll Results (Are bankruptcy lawyers compensated at market rates?)
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Bankruptcy Humor:
Bankruptcy Bill
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Autos:
Chrysler's 'New' Attitude: Revving Up Post-Chapter 11 Warranty Coverage
(DBN)
Remaining GM dealers face tough standards, sales goals
(DBN)
Closing auto dealerships leave void
(DBN)
Detroit's car woes spread to California
(DBN)
August Auto Sales Up for a Change?
(DBN)
Cash for Clunkers rebates slow to flow
(DBN)
Decision to Close Plant Casts Toyota in Unfamiliar Role
(DBN)
Germany: GM Decision on Opel Probably Weeks Away
(DBN)
While Opel's in limbo, GM's laughing
(DBN)
Opel Aid May Not Be Linked to Survival of Car Plants in Germany, FTD Says
(DBN)
Buffett, GM, Buy Into Chinese Auto Industry
(DBN)
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Fraud:
True Blood: When Spitting in Your Palm and Shaking Isn't Good Enough
(DBN)
Could Madoff curveball trigger N.Y. Mets sale?
(DBN)
Stanford still hospitalized
(DBN)
Boca Raton man facing federal charges in Ponzi scheme
(DBN)
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Retailing:
The New, Adventurous Eddie Bauer
(DBN)
Krugman appointed Eddie Bauer CRO
(DBN)
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Tax:
Nortel Faces $3 Billion Tax Claim From IRS in Bankruptcy Case
(DBN)
France Gets Details on Swiss Accounts
(DBN)
Taxes Around The World
(DBN)
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Celebs:
Vick's Path to Redemption Is Clear
(DBN)
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Credit Cards:
Good news and bad on credit card reforms
(DBN)
Making sure students pass credit card test
(DBN)
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Sales:
Going once, going twice. Sold.
(DBN)
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Aviation:
Republic CEO sees better times ahead for Frontier
(DBN)
China Southern Falls Most in 6 Months on Profit Drop
(DBN)
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Telecoms:
Nortel Wants Another Bankruptcy Extension
(DBN)
Sotel Systems protests proposed Nortel sale
(DBN)
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Municipalities:
Detroit's financial crisis comes to a head
(DBN)
Detroit deficit has some fearing city can't stay afloat
(DBN)
Detroit on brink of financial ruin
(DBN)
Mayor lays off 205 city of Detroit workers
(DBN)
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Lehman:
Lehman to Chicago Schools: Pay Up!
(DBN)
Lehman UK arm to sue for $100bn
(DBN)
$4bn bill looms for untangling Lehman
(DBN)
Lehman faces up to $100bn in claims
(DBN)
Lehman's Europe Administrator May Claim $100 Billion
(DBN)
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Consumer Goods:
Spectrum Brands exits bankruptcy
(DBN)
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Cross-Border:
Cross-Border Restructuring: Issues and Insights
(DBN)
Singapore to Make Billions Handling Cross-Border Arbitrations
(DBN)
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UK:
Lehman Brothers UK sues US arm
(DBN)
UK House Prices in Biggest Rise in 5 Years
(DBN)
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EU:
European Consumer Prices Decline Less Than Economists Forecast
(DBN)
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Russia:
Bookberry's Last 4 Stores to Close
(DBN)
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