August 5, 2009

The Daily Bankruptcy News

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Law:

Kirkland & Ellis adds Nash to bankruptcy practice
(DBN)

NY BigLaw Partner Wins Lion's Share of Partnership, Law License in Divorce
(DBN)

How to Succeed in Restructurings and Life
(DBN)

How to Structure 363 Sales of Assets in Bankruptcy
(DBN)

Lawyer With Stockholm Syndrome Has Advice for Associates
(DBN)

Advice to Young Associates: ‘Think Like a Partner’
(DBN)

Jones Day Slams Its Competitors
(DBN)

With Glut of Laid-Off Lawyers, Temp Jobs are Harder to Find—and Pay Less
(DBN)

Heller Employees Aren't Happy with How the Bankruptcy Case is Going
(DBN)

Specter Bill Could Mean Business for Trial Lawyers
(DBN)

With 401(k)s Clobbered and IRAs Reeling, Fewer Older Lawyers Aspire to Retire
(DBN)

McKenna Long & Aldridge LLP Represents Canadian Government in Chrysler and General Motors Deals
(DBN)

Patton Boggs Picks Up Mortgage Finance Group
(DBN)

GE Pays $50 Million to SEC, $200 Million to Lawyers and Accountants
(DBN)

Could GC Hire Signal BigLaw Firm Is Fired?
(DBN)

DLA Piper Lawyer Trades Big-Firm Perks for Boutique
(DBN)

Chairman of Thompson & Knight Dies
(DBN)

White House Counsel's Job at Stake?
(DBN)

Judge Strikes Down La. Restrictions on Lawyer Internet Ads
(DBN)

Bill Will Establish That Lawyers Cannot Be Trusted
(DBN)

Lawyer Couple Must Turn Over Prospective Client Information to Former Firm
(DBN)

Law School Ends Long Struggle by Winning ABA Accreditation
(DBN)

Citing Cuts, Public Defenders Refuse New Cases
(DBN)

Speedo Suit: Just When You Thought It Was Safe to Go Back in the Water
(DBN)

Brief-swapping and bed-hopping in the quest to secure a permanent position
(DBN)

Suspended Attorney Target of Mortgage Lender's Lawsuit
(DBN)

Canadians Know How To Stimulate The Legal Economy
(DBN)

Lawyer Disciplined Over Blog Posts
(DBN)

Lawsuit of the Day: Bananas Cop Sues Police
(DBN)

Say What?!
(DBN)

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Judges:

NY Judge Quits Over Lack of a Raise, Rejoins 750-Lawyer Firm
(DBN)

When the Clock Strikes Five: Pregaming the Sharon Keller Trial
(DBN)

Battle Lines Set, Senate Debates Sotomayor
(DBN)

Reverse $3.5M Verdict Due to Taint of Corrupt Judges, Overseer Tells Top Pa. Court
(DBN)

Souter Buys Home in Swanky Area, Says Farmhouse Won’t Hold All His Books
(DBN)

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Wall Street:

US Index Futures Fluctuate
(DBN)

Stocks gain after a struggle
(DBN)

Schumer: SEC to ban flash trading
(DBN)

What's Happened to Wall Street's Senior Women?
(DBN)

Goldman orders employees to pretend they're poor
(DBN)

Why are company insiders selling?
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Jobless find pay cuts hard to swallow
(DBN)

Second Wyoming soda ash producer announces layoffs
(DBN)

Eli Lilly plans to cut hundreds of sales jobs with buyout offers, will restructure marketing
(DBN)

This Year's Best Careers
(DBN)

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Banking:

No end in sight for bank bailouts
(DBN)

Geithner : TARP II Won't Be Needed
(DBN)

Bairing Her Claws
(DBN)

UBS: The Good Days Are Gone
(DBN)

HSBC: Chicago has too many banks
(DBN)

SEC Memo says Guaranty Bank to be Seized, not Sold
(DBN)

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Agriculture:

US Farmland Values Fall for First Time Since 1987
(DBN)

Archer Daniels Midland profit plummets
(DBN)

You will pay more for milk while dairy farmers go broke
(DBN)

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Finance:

Lender Exodus Allows Survivors to Be Selective
(DBN)

Diligence Required for Tapping Capital Markets
(DBN)

CIT Pulls Morgan Stanley in Two Directions
(DBN)

GMAC:$5.6 Billion New Capital Raising Subject Of Discussion With Fed
(DBN)

Is the Credit Tussle Easing?
(DBN)

Distinct Chill Maintains Grip on Credit Environment
(DBN)

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Aviation:

United Airlines traffic falls 4% in July
(DBN)

Bidder For Eclipse Assets Makes Play
(DBN)

Five Hours on The Tarmac: Should Congress Step In?
(DBN)

Cathay Pacific returns to profit
(DBN)

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Solar:

Applied Solar Announces Receipt of DIP Financing
(DBN)

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Gambling:

Donald Is Back
(DBN)

What Trump Gets, Not Everyone Can
(DBN)

Trump Bondholders Plan to Challenge Takeover by Donald Trump
(DBN)

Trumping Bondholders?
(DBN)

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Retailing:

Credit Worries Limit Small Retailers' Stock
(DBN)

General Growth judge OKs $2.75 million loser fee
(DBN)

Boscov's Regrouping One Year After Bankruptcy Filing
(DBN)

Dollar Thrift 2nd-quarter profit jumps 15 pct
(DBN)

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Photography:

Did Condé Nast King Si Newhouse Push Annie Leibovitz Towards Bankruptcy?
(DBN)

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Art:

Sotheby's 2Q Profit Drops 87 Percent
(DBN)

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Food/Drink:

Domino's Pizzas owner declares Chapter 11 bankruptcy
(DBN)

Bashas' closings having trickle-down effect
(DBN)

Creditors voting on Copia liquidation plan
(DBN)

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Advertising:

Nothing to shout about
(DBN)

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Corporate Governance:

ABA Task Force on Corporate Governance
(DBN)

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Jewelry:

162-Store Jewelry Chain, Ultra Stores, Emerges from Bankruptcy
(DBN)

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Economy:

US consumer spending, pending home sales up
(DBN)

Consumer Spending Rises in June, But Worries Continue
(DBN)

Higher Costs Spur Rise in Spending
(DBN)

Cost of Living in America
(DBN)

US Incomes Fall 1.3%, Biggest Drop in Four Years
(DBN)

Bernanke’s Exit Dilemma
(DBN)

Obama Setting Out to Put Brighter Face on Economy
(DBN)

Economic Statistics Improve, but Hope Is Elusive
(DBN)

Biden: Economic Stimulus Plan Meeting Its Goals
(DBN)

Economists React: Consumers Still 'Missing Link' in Recovery
(DBN)

Sheila Bair not cowed by Geithner tantrum, criticizes Obama
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Obama mortgage rescue: Only 9% getting help
(DBN)

Home Sales Rise for Fifth Straight Month
(DBN)

Pending Sales of Existing Homes in US Surge 3.6%
(DBN)

'Uneven' Mortgage-Plan Results
(DBN)

Treasury's Loan Mod Progress Report: Read the Fine Print
(DBN)

Who's Modifying Mortgages?
(DBN)

ACORN Asks HAMP Servicers to Forgive Principal
(DBN)

BofA, Wells Fargo failing new mortgage effort
(DBN)

`Name and shame' reports begin on mortgage servicers
(DBN)

Paradise Lost: The State of Commercial Real Estate Lending
(DBN)

Fannie Mae, Freddie Mac Likely to Be Wound Down, Moody's Says
(DBN)

NYC Foreclosures Drop, but Some Areas Struggle
(DBN)

Bad mortgages widen GMAC losses
(DBN)

GMAC Financial's Loss Widens to $3.9 Billion
(DBN)

DR Horton, Pulte Report Losses, Say Outlook Remains Difficult
(DBN)

Ex-owner of USA Capital pleads guilty
(DBN)

Judge extends time for DBSI accounting inquiry
(DBN)

Judge orders DBSI president to answer questions
(DBN)

Fla.-Based Mortgage Company Suspended
(DBN)

Developer Mastro to fight bankruptcy demands
(DBN)

Trump's Trump Card: the $20m Discount
(DBN)

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Corporate Reform:

Geithner's Blowup
(DBN)

GE Pays $50 Million to Resolve SEC Accounting Probe
(DBN)

Geithner's Meltdown Over Financial Reform
(DBN)

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Sports:

Reports: Arena league to announce demise
(DBN)

Union official: AFL on brink of folding
(DBN)

Foster, Kurz: AFL is not dead
(DBN)

Storm coach dismayed by reports of Arena league's demise
(DBN)

So long Arena Football: It won't be missed
(DBN)

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Chemicals:

Lyondell seeks extension of bankruptcy financing
(DBN)

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Oil/Gas:

Chinese company high bidder for SemFuel assets
(DBN)

Big Oil Speculator Defends Practice in Washington
(DBN)

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Ethanol:

Ethanol industry ailing
(DBN)

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Municipalities:

Guard troops may be needed in troubled Alabama county
(DBN)

Gov. Bob Riley says special session call could come this week
(DBN)

Judge clears way for Jefferson County to cut sheriff's budget
(DBN)

Jefferson County employees rally at courthouse
(DBN)

California Won't Accept Its Own IOUs
(DBN)

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Personal Finance:

Chickens in the Backyard
(DBN)

For frugal food shoppers, dented tomato cans, crushed cereal boxes are too good to pass up
(DBN)

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Fraud:

Citing Madoff, Judge Slams SEC for 'Relentless' Pursuit of Legitimate Company
(DBN)

Specter Law Would Let Investors Sue Fraud Accomplices
(DBN)

Madoff funds 'squandered on legal fees'
(DBN)

Madoff Litigator Chasing JPMorgan For Clawback
(DBN)

Madoff-tainted Merkin pocketed $35M a year
(DBN)

Settlement Payment Defense May Insulate Investors from Madoff Securities Trustee
(DBN)

Joan's Message To Madoff
(DBN)

More finger pointing at Mrs Madoff
(DBN)

Ruth Madoff 'knew about fraud', claim associates
(DBN)

Ruth Madoff: 100 Pounds of Rage?
(DBN)

Ruth Madoff's Financial Life Comes Full Circle
(DBN)

Mark Seal on Ruth Madoff
(DBN)

Prosecutors want to keep Stanford behind bars
(DBN)

Stanford Asks Judge to Let New Lawyers Argue for Fees
(DBN)

Stanford advisers want their CD commissions
(DBN)

Con Man Edward Okun Gets 100 Years for Fraud Scheme
(DBN)

Okun Joins Madoff in Century Club
(DBN)

Asset freeze stays put at 2 Detroit-area firms accused of orchestrating $53M Ponzi scheme
(DBN)

Drabinsky Sentence Bid Would Draw Laughs in US, Lawyer Says
(DBN)

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Newspapers:

Journal Register Punts Sweet Eagles Suite
(DBN)

Region jolted by newspapers' bankruptcy
(DBN)

Publisher of Journal Sentinel to cut 92 jobs, or 6 percent of work force
(DBN)

New judge assigned to papers' bankruptcy
(DBN)

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Hockey:

Cardinals Protest Tax to Save Coyotes
(DBN)

Bettman may have to clean up his own mess
(DBN)

Moyes allowed to question Reinsdorf on collusion
(DBN)

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Television:

Utilities withdraw objections to Youngstown TV bankruptcy
(DBN)

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DIP Finance:

Debtor-in-Possession Financing: Looking Beyond the Debtor
(DBN)

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Shipping:

Sea of troubles
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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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Bankruptcy Statistics:

Consumer bankruptcies jump 34%
(DBN)

Study: Bankruptcy filers seek to hold on to homes
(DBN)

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Bankruptcy Reform:

Barney Frank Threatens Return of 'Cram-Down' Legislation
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Tax:

In Inquiry, I.R.S. Could Investigate Advisers of Wealthy
(DBN)

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Autos:

Chrysler Creditors Seek to Sue Daimler, Former Directors Over Asset Sales
(DBN)

Board endorses direction of reorganized GM
(DBN)

Tentative Signs of Cooperation Emerge in Auto Supplier Workouts
(DBN)

Senate will OK 'clunker' extension this week-Reid
(DBN)

`Cash for clunkers' effect on pollution? A blip
(DBN)

U.S. vehicle fuel efficiency has increased only 3 mpg in 80 years
(DBN)

Obama administration withholds data on 'cash-for-clunkers' program... Not selling American cars?
(DBN)

Cash for Clunkers Boosts Foreign Car Sales
(DBN)

Auto-Battery Makers to Get Stimulus
(DBN)

'Clunkers' Boon for Car-Killing Chemical
(DBN)

Automakers Give Rave Reviews to Cash-for-Clunkers
(DBN)

G.M. Chairman Vows to Defend Market Share
(DBN)

Another Chrysler-Daimler lawsuit possible
(DBN)

Buick drives away from PGA Tour
(DBN)

European carmakers outperform after BMW results
(DBN)

South Korea Police Raid Worker-Occupied Factory
(DBN)

Commandos Storm Ssangyong Plant
(DBN)

50 injured as South Korean police raid plant to end strike
(DBN)

Creditors File for Ssangyong Liquidation
(DBN)

Toyota struggles to get back on track
(DBN)

GM Opposition to Magna Weakens, German Officials Say
(DBN)

GM Board Ends Meeting Without Recommendation on Opel
(DBN)

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Weddings:

Jilted by a Wedding Vendor, Newlyweds Get Help From the State
(DBN)

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Consultants:

FTI Consulting Q2 profit tops St; outlook disappoints
(DBN)

Huron should be last firm with accounting woes
(DBN)

Huron Book Cooking Lawsuits Likely to Be Filed this Week
(DBN)

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Lehman:

New York Seeks Hundreds of Millions in Tax From Lehman
(DBN)

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Private Equity:

PE returns aren't so bad, but need validation
(DBN)

PE Industry To SEC: 'Please Stop All This Nonsense'
(DBN)

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Accounting:

Accounting Tricks Catch Up With GE
(DBN)

Grant Thornton Offers Business Bankruptcy Service
(DBN)

Barney Frank Doesn't Legislate Accounting, He Only 'Exerts Pressure'
(DBN)

Deloitte UK CEO Does All Right For Himself
(DBN)

______________

Insurance:

Swiss Re makes surprise Q2 net loss, hedges backfire
(DBN)

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Mass Torts:

Judge Robreno: Cleaning up clogged asbestos MDL
(DBN)

Asbestos MDL Clearing Docket With Shocking Tactic...
(DBN)

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Health Care:

Checking the Pulse of Healthcare Financing
(DBN)

Medical Papers by Ghostwriters Pushed Therapy
(DBN)

Health Care Reform and the Unpopular T-Word
(DBN)

Health Lobbyists Blitz Congress
(DBN)

Surprise Bills at the Doctor’s
(DBN)

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Credit Cards:

Banks Get Picky In Issuing Cards
(DBN)

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UK:

Profession still exposed despite Moore Stephens 'landmark' win
(DBN)

In Britain, Signs of Rebirth in Housing
(DBN)

UK July services PMI up more than expected
(DBN)

UK June industrial output rises 0.5 pct m/m
(DBN)

Lloyds Loses $5.3 Billion in H1 on Bad Loans
(DBN)

UK Recovery Signs Mount as Services, Manufacturing Expand
(DBN)

UK Credit Card Charge-Offs Surpass 10%
(DBN)

Bridge Business Recovery called in at Trak
(DBN)

______________

Canada:

Adaltis liquidates assets, goes out of business
(DBN)

Canwest faces uncertain future
(DBN)

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Venezuela:

Chavez May Seize Coffee Companies, Extend Takeovers
(DBN)

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China:

China is a Ponzi scheme
(DBN)

Official says China's jobless situation 'very grave' despite improving economy
(DBN)

______________

Germany:

German car sales up 29.5 percent on year in July, but scrap bonus boom fades
(DBN)

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Ireland:

AIB bad debts soar, "bad bank" seen to the rescue
(DBN)

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Sweden:

Sweden's Economic Recovery Next Year to Be Slow, Fitch Says
(DBN)

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