August 6, 2009

The Daily Bankruptcy News

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Law:

With Jan Baker Aboard, Latham Seeks to Break on Through to the Debtors' Side
(DBN)

Hughes Hubbard Hires 2 for Bankruptcy Practice
(DBN)

Patton Boggs to the Rescue! (Provided, Of Course, it Gets Paid)
(DBN)

No One's Getting Paid in the Allen Stanford Case
(DBN)

Stroock Seeks to Scuttle Trump Casino Deal for Bondholder Group
(DBN)

FDIC Sues Baker Botts for Findings of Internal Investigation
(DBN)

BigLaw Pay Cut Survival Guide
(DBN)

‘Kindest Cut’ at Perkins Coie: Only 3.8% Pay Reduction, No More Layoffs Expected
(DBN)

Salary Cut Watch: Perkins Coie Makes a Tiny Incision
(DBN)

Perkins' Coy Cut
(DBN)

Salary Cut Watch: Mintz's Levy on Salaries
(DBN)

Lovells to keep 69%
(DBN)

Notes from the Breadline: Alone, Alone, Alone
(DBN)

Day Pitney's New Definition of Summer
(DBN)

BigLaw Roommates: Firm Moves Into Rival's Manhattan Digs
(DBN)

Alleged Gunman in Pittsburgh Gym Shootings Was K&L Gates Staffer
(DBN)

Buchanan Team Closes $150 Million Deal In Indalex Bankruptcy
(DBN)

Specter, Other Dems, Looking to Reverse Huge Securities Decision (Stoneridge)on Third Party Liability
(DBN)

Judge forces DeGuerin to stay on Stanford case for now
(DBN)

Six-Lawyer Mortgage Team Switches Firms
(DBN)

9th Circuit Finds for Firm Over Theft of Firm's Web Site Content
(DBN)

First-Year Salaries Expected to Drop, Though NJ Firms Buck Trend
(DBN)

The Higher Cost of a JD
(DBN)

Former Partners Face Off in Vegas Strip Club Suit
(DBN)

Prominent Attorney Charged With Witness Tampering Faces Heated Cross-Examination
(DBN)

Law Firm Done With Paper
(DBN)

Knock, Knock: Lawyer's "Joke" Gets His License Pulled
(DBN)

Texas Man Charged With Taking Photos Up Legal Assistant’s Skirt at Courthouse
(DBN)

Former Lawyer Takes His Mustard Museum to New Town
(DBN)

Lawyerly Lairs: Latham Partner Gives His Wife a Fabulous Paris Pad for Her Birthday
(DBN)

Bankruptcy attorneys form new Wolfson & Bolton P.L.L.C.
(DBN)

Federal Judge Orders Lawyer Jailed Over Scheduling Conflict
(DBN)

Dewey, Cheatem & Howe Makes Appearance in Loan Fraud Case
(DBN)

Ex-US Rep. Jefferson Convicted; Harvard Law Grad Could Face Long Jail Term
(DBN)

Glue(d)Stick Victim Arrested
(DBN)

Say What?!
(DBN)

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Judges:

End of the Road for Sotomayor?
(DBN)

Testimony at Sotomayor Hearing Opens Bloomberg to Deposition
(DBN)

'Iqbal' Forces Federal Judge's Hand on No-Fly List
(DBN)

On the Road Again, With Clarence and Ginny
(DBN)

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Wall Street:

Weak Economic Data Puts Stock Market Rally on Hold
(DBN)

UK Stocks Drop
(DBN)

German Stocks Fall for Second Day
(DBN)

Goldman Faces Inquiries on Pay and Derivatives
(DBN)

S.E.C. Starts Crackdown on ‘Flash’ Trading
(DBN)

Goldman Sachs $100 Million Trading Days Reach Record
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

More layoffs: ADP and Challenger Gray & Christmas reports are in
(DBN)

Jobs Still Disappearing, But Not As Fast
(DBN)

Maintenance and Repair Weathering Hard Times
(DBN)

Best Cities to Start a Career
(DBN)

Job Options Narrow as U.S. Recession Bites
(DBN)

EDS workers face more pay cuts
(DBN)

Finance Layoffs: PNC to lay off 74
(DBN)

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Consumer Goods:

P&G profits, sales drop as global demand slips
(DBN)

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Banking:

Bair Says US Regulators Should Set Pay Standards for Banks
(DBN)

Politics, Citigroup and Andrew Hall's bonus
(DBN)

Banks still getting sicker
(DBN)

Georgian Bank Says Bad Loans Surged 10-Fold in Six Months
(DBN)

Billion-Dollar Suit Filed Against Citi and Credit Suisse
(DBN)

Oppenheim Opens Its Doors
(DBN)

America needs a single bank regulator
(DBN)

Colonial bank confirms raid of Fla. branch
(DBN)

Societe Generale 2nd quarter net profit falls by half on higher writedowns
(DBN)

Commerzbank Posts Loss on Higher Bad-Loan Provisions
(DBN)

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Art:

Annie Leibovitz May Have Better Luck in Bankruptcy
(DBN)

Sotheby's Sees Art Market Bottom: Profit Declined 87%
(DBN)

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Defaults:

Riskiest corporate debt looks frothy
(DBN)

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Tech:

Turning Out The Lights: Nanochip
(DBN)

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Hockey:

Judge delays Coyotes owner's contempt hearing
(DBN)

Cardinals strongly oppose Coyotes tax district in Glendale
(DBN)

Bankruptcy judge says Balsillie bid for Coyotes will stand
(DBN)

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Aviation:

Frontier employees to rally in airline's defense
(DBN)

Southwest plays defense with Frontier bid
(DBN)

Southwest: If You Can't Beat 'Em, Buy 'Em
(DBN)

Upgrades in videoconferencing technology help firms slash travel budgets
(DBN)

Most airlines shares fall as broader market slides on economy worries
(DBN)

Aviation crisis? What crisis? Budget carriers flourish amid economic gloom
(DBN)

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Newspapers:

'Baltimore Sun' Guild Files Motion Against Tribune Bonus Plan
(DBN)

U.S. Trustee, unions question Tribune Co. bonus plan
(DBN)

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Economy:

Private businesses cut 371,000 jobs in July, far fewer than in June
(DBN)

US private sector job losses bode ill for recovery
(DBN)

Service Industries Shrank at Faster Pace in July
(DBN)

An Unexpected Gain in Factory Orders in June
(DBN)

Stiglitz Says U.S. Facing `Very Slow' Recovery as State of Banks Unknown
(DBN)

Obama Says Grants Will Spur Innovation, Create Jobs
(DBN)

Warren - TARP Oversight Panel Split Over Transparency
(DBN)

Few buying a consumer-led recovery
(DBN)

'Clunkers' Add 0.5 Percentage Point to GDP
(DBN)

Have the Stimulus Programs Failed?
(DBN)

Consumers' Concern About Economy Growing
(DBN)

How Much Stimulus Funding is Going to Your County?
(DBN)

Tracking Stimulus Spending - Made Easy!
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

More Homeowners 'Upside Down' on Mortgages
(DBN)

'Underwater' US Mortgages May Hit 48%
(DBN)

July Inventory of Houses Falls
(DBN)

Wells Prioritizes HAMP, While CRL Calls For Cramdowns
(DBN)

Obama administration official says US housing agency's Lockhart to step down
(DBN)

Fannie and Freddie's uncertain future
(DBN)

US Considers Remaking Mortgage Giants
(DBN)

Borrowers' Income Losses Push GSE Delinquencies Upward
(DBN)

Investors Sweat Through 'Dog Days' of Distressed Debt
(DBN)

Radian Gains Most Ever on Second-Quarter Profit
(DBN)

GMAC May Have to Put ResCap Through Bankruptcy
(DBN)

The Second Wave of the Credit Crisis
(DBN)

Gov't Mortgage Partners Sued for Abuses
(DBN)

Kent Swig set to forfeit huge condo project
(DBN)

Boston Lawyer’s Suit Over Unaffordable Loans Could Be a Model
(DBN)

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Autos:

Appeals Court Issues Chrysler Sale Opinion
(DBN)

2d Circuit Chrysler Opinion
(DBN)

AlixPartners study: Vehicle sales could hit 16 million by 2013
(DBN)

Dealers, Senate agree: Keep Cash for Clunkers rolling
(DBN)

US Auto Suppliers Aren't in Line for More Aid, Bloom Says
(DBN)

White House: GM IPO Likely for 2010, But Not Chrysler.
(DBN)

Bloom: GM, Chrysler have more to do
(DBN)

GM Wants To Be No. 1
(DBN)

The Next Auto Shakeout
(DBN)

Task force head says gov't won't run automakers
(DBN)

Washington will not get involved in GM sale of Opel
(DBN)

American Axle cites bankruptcy risk after deep loss
(DBN)

American Axle aims for out-of-court restructuring
(DBN)

Clunkers provide a bonanza for junkyards
(DBN)

Why Hertz, Avis Are Breaking Down
(DBN)

US Says Aid to Auto States to Grow in Next 9 Months
(DBN)

Michigan -- the clunker state
(DBN)

4 expected to bid for dealer's assets
(DBN)

Germany Wants GM to Forego Opel Royalty Payments
(DBN)

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Oil/Gas:

Transocean's 2Q Sunk by Drilling Slump
(DBN)

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Lehman:

It's Payday In Lehman Chapter 11
(DBN)

Cash-starved US local govts seek $1 bln from Lehman
(DBN)

NYC Tries to Jump Ahead in the Lehman Creditor Line
(DBN)

Lehman's tax bill raises questions
(DBN)

Judge OKs $950M Lehman Aid To Aurora
(DBN)

David Wessel on the failure of Lehman Brothers
(DBN)

______________

Credit Counseling:

Some debt relief services are a bust
(DBN)

______________

Derivatives:

Credit Default Swap Prices Down but Still Elevated
(DBN)

CDS report: Markets widen after US data disappoint
(DBN)

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Finance:

CIT up 20% continues to rally
(DBN)

Trump bailout no return of lender risk
(DBN)

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Theater:

Budget Leads to Blowup
(DBN)

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Private Equity:

American Capital slumps on loss; still in debt default
(DBN)

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Corporate Reform:

In financial agency turf wars, at least one loser is obvious
(DBN)

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Tax:

UBS tax deal details unlikely on Friday: sources
(DBN)

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Mass Torts:

Asbestos lawyers oppose subpoena of radiologist in national litigation
(DBN)

Argentinians invoke 1853 treaty in Delaware asbestos suit
(DBN)

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Accounting:

Cut-price Rentokil-KPMG deal raises ethical questions for auditors
(DBN)

New accounting rules worry US banks
(DBN)

Tax work may be outsourced to India
(DBN)

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Personal Bankruptcy:

1st Circuit Affirms Means Test Decision
(DBN)

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Agriculture:

Postville, USA
(DBN)

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Book Reviews:

Review: Busted - Life Inside the Great Mortgage Meltdown
(DBN)

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Religion:

LA Priest's Mission: Saving Flock From Foreclosure
(DBN)

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New Bankruptcy Opinions
(3 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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Gambling:

Trump Casinos' Chapter 11 Redux
(DBN)

Fontainebleau's suit against lenders moved from bankruptcy court
(DBN)

Boyd Gaming profit falls 41 pct
(DBN)

Celani wants to be a Greektown creditor
(DBN)

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Consultants:

Ex-Huron CEO cashed out $8.3M
(DBN)

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Retailing:

General Growth Properties hammered by rising vacancies
(DBN)

Recession claims shoe distributor
(DBN)

Costco's July same-store sales drop 7 percent
(DBN)

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Municipalities:

Detroit school audits find millions in waste
(DBN)

Teaching Detroit educators a fiscal lesson
(DBN)

Budget Cuts Devastate California Higher Education
(DBN)

Judges order California to cut prison population by 40,591
(DBN)

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Packaging:

Court Confirms Caraustar Reorganization Plan
(DBN)

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Hotels:

Large Hotels Lead Loans Of Concern For U.S. CMBS
(DBN)

Judge denies case dismissal: Marriott owners face involuntary bankruptcy
(DBN)

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Telecoms:

Nortel Wins Approval of Avaya-Led Auction of Unit
(DBN)

Ottawa calls emergency Nortel meeting
(DBN)

Canada legislators to probe sale of Nortel assets
(DBN)

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Fraud:

Madoff Victims to Get Checks Faster With New Plan, Trustee Says
(DBN)

2 former Broadway producers sentenced to prison
(DBN)

Our Ponzi Nation: Trouble Afoot in the Motor City?
(DBN)

______________

Politics:

House Orders Up 3 Elite Jets; $200 Million Cost... Gulfstreams For Ferrying Members of Congress
(DBN)

Flashback: Congress Members Criticize Auto Executives' Jet Travel
(DBN)

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Personal Finance:

The crash's hidden losers
(DBN)

Invisible Victims of Global Downturn
(DBN)

Some seek a crystal ball in a murky market
(DBN)

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Trucking:

Evergreen Transportation files Chapter 11
(DBN)

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Rail:

Rail traffic: The economic indicator that's not improving
(DBN)

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Jewelry:

Finlay files for bankruptcy , to sell assets
(DBN)

______________

Health Care:

White House, Democrats Call Health-Care Protests Manufactured
(DBN)

Obama Promises Healthcare Reform This Year
(DBN)

Hospitals cut off building projects
(DBN)

______________

Pensions:

Massachusetts to Cut Hedge Funds After Record Pension Losses
(DBN)

______________

M&A:

M&A market shows 'positive signs'
(DBN)

______________

Insurance:

Axa says 1st half net profit fell 39 percent as financial crisis hits earnings
(DBN)

______________

Credit Cards:

Points taken: AmEx changes rewards rules
(DBN)

______________

Golf:

Greenbrier Takes GM's Place On PGA Tour
(DBN)

______________

Mining:

Doe Run Peru says was worried about creditors
(DBN)

______________

Celebs:

Jackson's Personal Doctor Was In Financial Trouble
(DBN)

______________

UK:

Exporting Chapter 11
(DBN)

Bouncing Britain
(DBN)

Challenge to insolvency fees risks backfiring on creditors
(DBN)

Calls for transparency with pre-packs
(DBN)

UK government considering updating insolvency laws
(DBN)

Taylor Wimpey Writedown Signals More Home Price Falls
(DBN)

______________

EU:

Europe Retail Sales Drop More Than Forecast as Consumers Curtail Spending
(DBN)

______________

France:

France seeks more time to recover millions in farm aid
(DBN)

______________

Spain:

Over 3,000 bankruptcies in Spain in first half of this year
(DBN)

______________

Germany:

Germany Prepares New Rescue Methods for Banks
(DBN)

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