August 7, 2009

The Daily Bankruptcy News

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Law:

Another Jewel in the Weil Bankruptcy Crown
(DBN)

Judge Approves $15 Million in Fees in Madoff Matter
(DBN)

Cox Smith Litigation Team Wins $61 Million Financial Fraud Case
(DBN)

Recession forces more to act as own lawyer
(DBN)

The Anonymous Lawyer's Law-Firm Layoff Memo
(DBN)

Associate Salary-Slashing Continues
(DBN)

Recent Law Grads Pursuing Hard-to-Get Paralegal, Secretary Jobs at Firms
(DBN)

Tipster: More Layoffs Today at Fulbright & Jaworski [Update 2]
(DBN)

Day Pitney to Transform Summer Associates into Apprentices
(DBN)

Mintz Levin Cuts Associate Salaries
(DBN)

Happy Associates Are Found Where Layoffs Are Not
(DBN)

Career Center: Who Wears the Crown for July?
(DBN)

Boies, Winston on AIG Settlement
(DBN)

Reversed Perk Watch: Soda Subsidy Slashed at Foley & Lardner
(DBN)

GCs Say Law Firms Have Little Cause for Complaint
(DBN)

Why Women Leaders Get a Bad Rap: Queen Bee Jealousy and ‘Vision Thing’
(DBN)

MBA, JD, or PhD
(DBN)

FDIC Enraged?: BigLaw Firm Sued Over Bank Job
(DBN)

Layoff Watch: Partners Emeriti at Schiff Hardin?
(DBN)

Schiff Hardin Update: Partners Emeriti Still Welcome
(DBN)

Firm mulls over autumn partner cash call
(DBN)

City climate offers Weil a chance to shine in London
(DBN)

Linklaters sued by former associate
(DBN)

Revolution in law firm business model draws closer
(DBN)

Give us your tired, your poor, your huddled law school graduates, yearning to... earn $27K? For half-lawyer, half-paralegal work?
(DBN)

4th Cir. Upholds Jury Verdict for McGuireWoods in FMLA Case
(DBN)

U.K. Elite Hold On to Equity as Salaried Partner Ranks Grow
(DBN)

Undoing Stoneridge?
(DBN)

AIG's Former CEO, CFO to Pay $16.5 Million to Settle Fraud Charges
(DBN)

K&L Gates Staffer Alleged to Be Gunman in Gym Shooting That Killed Three Women, Injured Nine
(DBN)

Why Didn't Anyone Tell Police About Pittsburgh Health Club Shooter’s Website?
(DBN)

Morris James Is Named Delaware's 5th Top Workplace in the "Mid-sized Company" Category
(DBN)

Manhattan Court Reporter Charged With Endangerment for Piloting Rush-Hour Train
(DBN)

Say What?!
(DBN)

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Judges:

In Divided Vote, Senate Confirms Sotomayor for High Court
(DBN)

Caught Up in Stripper Scandal, Judge Pleads Guilty to Bank Fraud
(DBN)

NY Judge Pleads Guilty To Driving While Impaired
(DBN)

Judge Who Rose from WWII Interment Camp to Be First Japanese-American on Federal Bench Dies
(DBN)

Why Justice Thomas Loves Wal-Mart
(DBN)

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Wall Street:

US Stock Futures Drop
(DBN)

Stock index futures mixed ahead of jobs data
(DBN)

Goldman employees have to cool it; Goldman wives, not so much
(DBN)

High-Frequency Trading Grows, Shrouded in Secrecy
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

US Initial Jobless Claims Fall More Than Projected
(DBN)

The Recession Will End . . . When I Get My Job Back!
(DBN)

Mohawk Industries laying off 400 workers
(DBN)

Celanese Corp. plans to lay off 100
(DBN)

Illinois correctional facilities will be laying off 1,000+ employees
(DBN)

Milwaukee Journal Sentinel laying off 92
(DBN)

Anglo American, reduces its workforce by 15,000
(DBN)

Another Hurdle for the Jobless: Credit Inquiries
(DBN)

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Retailing:

Sluggish July sales show tight-fisted consumers
(DBN)

Retailers Suffered Listless Sales in July
(DBN)

Shoppers itching to spend
(DBN)

Abercrombie July same-store sales falls 28 percent
(DBN)

Zale closes 118 retail locations in 4th-quarter
(DBN)

Boscov's receives federal loan to get out of bankruptcy
(DBN)

Bankruptcy judge grants General Growth extra time
(DBN)

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Celebs:

Nicolas Cage Joins Sophia Loren & Other Famous Tax Dodgers
(DBN)

Korean paper seeks millions from Jackson estate
(DBN)

Michael Jackson's mom played role in business, too
(DBN)

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Municipalities:

Detroit Schools bankruptcy analysis wrapping up
(DBN)

Detroit Public Schools & Bankruptcy
(DBN)

Detroit mayor says need for wage concessions from labor unions is urgent
(DBN)

Multibillion-Dollar Sewer Fiasco Still Bubbling
(DBN)

Detroit is practically a giant food desert
(DBN)

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Sports:

AFL shuts down
(DBN)

Future of arena ball uncertain
(DBN)

Jones not surprised by AFL move
(DBN)

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Horse Racing:

Horse Thieves: Seizing the Preakness
(DBN)

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Lexicon:

Lazylancing
(DBN)

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Economy:

Jobless claims drop 38,000 to 550,000
(DBN)

Stimulus Spending Fails to Follow Unemployment, Poverty
(DBN)

Ask the Economists: Obama's second 100 days
(DBN)

TARP bailout money we can kiss goodbye
(DBN)

Did Woodstock lead to the economic meltdown?
(DBN)

At Old Manufacturing Sites, Renewables Rise
(DBN)

US green card petitions down sharply in poor economy
(DBN)

Update: House provides $500 Million for 8 gov't VIP jets
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Half of mortgage borrowers will be 'underwater'
(DBN)

US Mortgage Rates Fall to 5.22%, Freddie Mac Says
(DBN)

Commercial REITs Face Troubled Future, Says Fitch
(DBN)

A Tale Of Two Commercial Real Estate Markets
(DBN)

A Blighted Land: An Empirical Study of Residential Developer Bankruptcies in the United States (2007-2008)
(DBN)

DBSI Investigator Issues First Report
(DBN)

Mortgage Giants' Revamp Disputed
(DBN)

Fixing Fannie Mae
(DBN)

Should the government own any part of the "good" Fannie and Freddie?
(DBN)

Fannie Mae asks Treasury for aid
(DBN)

Regulators Push Modifications Despite Second Lien Ownership
(DBN)

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Private Equity:

Blackstone Has $180.8 Million Profit, LBOs Stabilize
(DBN)

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Autos:

Adviser: Feds won't run GM, Chrysler
(DBN)

GM, Chrysler IPO Race Begins
(DBN)

Report: New GM not responsible for old pollution
(DBN)

GM's top environmental official to leave
(DBN)

Congress OKs $2B 'clunker' boost, bill heads to Obama
(DBN)

Governor asks for $1B for auto suppliers
(DBN)

GM Says Opel Talks Need Time, Cites Magna Disputes
(DBN)

Company looks to buy assets of bankrupt Intermet
(DBN)

Magna posts Q2 loss on weak auto market
(DBN)

Little progress made between GM, Magna on Opel deal
(DBN)

Reports: Labor talks resume at Ssangyong Motor
(DBN)

Ssangyong to Resume Output This Month as Protest Ends
(DBN)

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Consultants:

Bankruptcy advisory business booms for Blackstone
(DBN)

Shocking Accounting Scandal at Huron Consulting Group
(DBN)

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Credit Reporting:

'Credit Hackers' Win the Credit Card Game - Legally
(DBN)

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Accounting:

Grant Thornton Spreads Out the Liability, Admits Nineteen New Partners
(DBN)

Are the Big Four accounting firms following in the footsteps of Biglaw, by freezing or cutting salaries?
(DBN)

Moss Adams Gives Venture Bank the 'It's Not You, It's Me' Routine
(DBN)

Hey Big 4! My Expectations Are Already Very Low . . .
(DBN)

Firm Watch: KPMG
(DBN)

Firm Watch: BDO
(DBN)

Firm Watch: Grant Thornton
(DBN)

Firm Watch: Deloitte
(DBN)

LandAmerica: Victims of Bad Marketing or Ponzi Schemers?
(DBN)

Lock up the Booze, E&Y Interns in Orlando
(DBN)

Arlen Specter Not Pandering to the Bean Counter Vote
(DBN)

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Sovereigns:

Is the United States Flirting with Insolvency?
(DBN)

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Tax:

United States and UBS nearing end of tax row
(DBN)

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Lehman:

Law firms, advisers collect fees from Lehman
(DBN)

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Newspapers:

New York Times hires Goldman Sachs to investigate Boston Globe sale
(DBN)

Inquirer parent asks for bankruptcy extension
(DBN)

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Trucking:

Gainey Corporation emerges from bankruptcy
(DBN)

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Food/Drink:

Bankrupt Waffle House franchisee draws bids
(DBN)

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Resorts:

Lawsuit claims Edra Blixseth exaggerated worth
(DBN)

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Hockey:

Jim Balsillie's lawyer is ready to move an NHL team to Hamilton
(DBN)

Bidding for Coyotes can be a complex game
(DBN)

Judge T. Baum Giving NHL Commissioner Bettman the One-Finger Salute?
(DBN)

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Student Debt:

Unwary college kids buried under debt
(DBN)

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Derivatives:

Reforming Derivatives: Naked Fear
(DBN)

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Pensions:

Downturn Cuts Retirement Accounts by 15%
(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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Fraud:

Madoff Trustee's $14.7 Million Fee Request Approved by Judge
(DBN)

Madoff Victims Start Getting IRS Refunds
(DBN)

Something Bernie Madoff Can Feel Thankful For
(DBN)

Inmates may have to pay for prison
(DBN)

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Personal Finance:

For Many Americans, Nowhere to Go but Down
(DBN)

The recession is sparking a new era in stand-up comedy
(DBN)

Fairs see huge crowds when they weather recession
(DBN)

Number of Homeless Families on the Rise
(DBN)

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Theme Parks:

Judge Orders Sale of Creation Science Theme Park to Pay Evangelist's Tax Debts
(DBN)

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Telecoms:

Ericsson, RIM to face off over Nortel
(DBN)

MPs turn up pressure to block Nortel sale
(DBN)

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Non-Profits:

Ritchie to lead Rainbows rebuilding
(DBN)

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Gambling:

Court hears pitch to save Greektown Casino
(DBN)

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Insurance:

D&O Cost Spike Continues For Finance Area
(DBN)

Firm Lists Top 10 Insurer Failures Seen By Examiners
(DBN)

Contingent Fees Hit By Hunter, Says Transparency No Safeguard
(DBN)

Moody's Says Recent Insurer Gains May Not Last
(DBN)

Former AIG CEO to settle fraud charges
(DBN)

AIG Posts $1.82 Billion Profit, First Since 2007
(DBN)

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Banking:

Banks line up for second round of TARP
(DBN)

Judge refuses to OK $33M BofA settlement
(DBN)

Rakoff on BofA, SEC Settlement: Not So Fast, Fellas
(DBN)

Morgan Stanley to pay $950 mln for TARP warrants
(DBN)

Bank of NY Mellon repurchases TARP warrants
(DBN)

The FDIC Is In Trouble
(DBN)

Judge denies Home Federal Savings Bank injunction, clearing path to takeover
(DBN)

Royal Bank of Scotland posts $1.7 billion loss
(DBN)

RBS boss Stephen Hester on bad debts, bonuses and the economy
(DBN)

Credit Suisse's Toxic-Asset Bonus Pool Said to Return 17%
(DBN)

Credit Suisse Bankers Could See Big Payday: Report
(DBN)

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Oil/Gas:

Goldman: Get Ready For Oil Prices To Go Back To $147
(DBN)

FTC to crack down on oil price manipulation
(DBN)

SemGroup challenges former execs' insurance
(DBN)

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Software:

Judge rebukes SCO, blocks sale, appoints bankruptcy trustee
(DBN)

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Health Care:

Congressional Hearing on Medical Bankruptcies (July 28, 2009)
(DBN)

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RVs:

Obama Thinks Innovation Can Rise From Monaco's Ashes
(DBN)

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Art:

Annie Leibovitz's Best Option: Bankruptcy Court?
(DBN)

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UK:

Britain prints more money
(DBN)

Q2 insolvency stats reflect misery of UK economy
(DBN)

UK Producer Prices Unexpectedly Rose in July
(DBN)

Record number of people declared insolvent 'but worst to come'
(DBN)

RBS Says Results to Be Poor for Two Years After Unexpected Loss
(DBN)

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EU:

Worst over in E.Europe, investors go cherry picking
(DBN)

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Canada:

Canada July Jobs Loss Triple Economists' Forecasts
(DBN)

Fraud probe launched into bankrupt adoption agency
(DBN)

Families devastated by adoption agency's bankruptcy
(DBN)

Adoption families rally support in wake of agency bankruptcy
(DBN)

Canadian parliamentary committee to review Nortel-Ericsson-Deal
(DBN)

Fraser Papers posts smaller than expected loss
(DBN)

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Germany:

Hypo Real Estate Has Loss, Sees No Profit Before 2012
(DBN)

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