December 1, 2009

The Daily Bankruptcy News

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Law:

Survey Shows the Bell Is Tolling for the Billable Hour
(DBN)

Bankruptcy Cases Taking Center Stage At The Supreme Court On Tuesday
(DBN)

Law Firms Promote Fewer Senior Associates to Partnership
(DBN)

No Partnership for You!
(DBN)

Short-term measures firm leaders have taken to cut costs
(DBN)

Seyfarth Partner Sues Own Firm, Alleging Demotion and Exploitation
(DBN)

Paul Hastings to Look Under the Canopy ...
(DBN)

Mixed decision for law grad on expunging student debt
(DBN)

Chadbourne to Restore Salary Cuts; Is it Morning in BigLaw?
(DBN)

Chadbourne’s Bonus Aims to Repay Cut Salaries
(DBN)

Associate Bonus Watch: Milbank Hops on the Bandwagon
(DBN)

Thanksgiving Week in Layoffs: 11.30.09
(DBN)

Layoff Watch: Faegre & Benson Gobbled Up Some Associates for Thanksgiving
(DBN)

Cast a Broad Net When Looking for Law Jobs
(DBN)

The Change Agenda: Can You Hear the Ice Melting?
(DBN)

Streamlined firms emerge from ashes of annus horribilis
(DBN)

2010 CA Prognostications
(DBN)

AIG-Greenberg Battle Ends With $150 Million Legal Tab
(DBN)

Bank Ordered to Pay $6 Million in Damages -- and $10 Million in Attorney Fees
(DBN)

$163K Fee Award to Firm Tossed Out Over Use of Secret 'Master Retainer'
(DBN)

Legal Secretary Sends E-Mail About Cancer Surgery, Is Fired, Suit Says
(DBN)

Real Estate Lawyer's Suicide a Sign of Desperate Times for Some
(DBN)

Buyer Beware: Firms Look Closely at Legal Liabilities of Merger Partners
(DBN)

Move Over, Crosby and Hope: Leaders of Merging Firms Hit the Road
(DBN)

IRS, FBI, Investors All Want a Piece of Rothstein's Seized Assets
(DBN)

Mayo: An overlooked Rothstein-Crist connection
(DBN)

Rothstein Condo at Dreier's Former Address Sought
(DBN)

Lawyer's Homes Seized in Fraud Case
(DBN)

TD Bank asks for Rothstein 'release'
(DBN)

In Wake of FCPA Disclosure, DynCorp Top Lawyer Gets Axe
(DBN)

My Job Is Murder: Of Beetles and Batrachotoxin
(DBN)

Tales from Gitmo: The Guantanamo Lawyers
(DBN)

Law Schools Reporting Drops of Up to 45% in On-Campus Interviews
(DBN)

A Musical Motion to Show Claus
(DBN)

Beautician Wins Major Property Case for Mom, Gets Law School Scholarship
(DBN)

Say What?!
(DBN)

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Judges:

Probe of US District Judge Thomas Porteous could touch lawyers
(DBN)

A judge judging himself: judicial recusal
(DBN)

Courthouse Abuzz Over DA’s Blanket Boycott of Longtime Judge
(DBN)

Judge: ‘At Any Time I Can Get Killed’
(DBN)

Civil cases against judges involve emotional suffering
(DBN)

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Wall Street:

US Stock-Index Futures Gain
(DBN)

Global Stocks Rally on BOJ Lending, China Data; Yen Declines
(DBN)

Markets Rise, With Spending and Dubai Weighing In
(DBN)

'Highest Paid Man on Wall Street' Ignites Culture War at His Kid's Prep School
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Two Jobs and Still Underemployed
(DBN)

Laid-Off Workers Face Expiration of Health Benefit
(DBN)

US Unemployed Seeking Day Labor Jobs
(DBN)

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Bankruptcy Rules:

New Massachusetts Bankruptcy Local Rules
(DBN)

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Retailing:

Holiday Sales to Drop as Forecasters See 'Discipline'
(DBN)

Mideast meltdown puts Barneys in creditors' reach
(DBN)

General Growth to keep revised mortgage terms secret
(DBN)

Staples Profit Tops Estimates as Retail Customer Traffic Grows
(DBN)

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Litigation:

US top court to decide reach of securities law
(DBN)

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Pensions:

PBGC takes over auto part maker's pension plan
(DBN)

Pension tension on the rise
(DBN)

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Tech:

GSI in bankruptcy , schedules special shareholder meeting
(DBN)

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Corporate Reform:

U.S. Sen Shelby urges nimble 'resolution regime'
(DBN)

S.E.C. Watchdog Eyes Insider Trading Probe
(DBN)

A Wager of Law!
(DBN)

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Religion:

Deadline Looms for Victims to File Sexual Abuse Claims
(DBN)

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Newspapers:

Freedom's 'East Valley Tribune' Gets a Buyer
(DBN)

Creditors turn up the heat in Freedom bankruptcy
(DBN)

Investors' bid for Star Tribune stake is in limbo
(DBN)

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Food/Drink:

Penn Traffic borrows $1.87 million to keep P&C stores stocked
(DBN)

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Horse Racing:

Golden Gate Fields to go up for auction
(DBN)

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Derivatives:

Default Swap Reforms Roiled as Aiful Tests Settlement
(DBN)

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Economy:

Fed to conduct tests of liquidity-draining tool
(DBN)

In-Geithner-We-Trust Bond Market Gets Lowest Yield
(DBN)

IMF: Tobin Tax a Possibility
(DBN)

Taxing Wall Street Today Wins Support for Keynes Idea
(DBN)

Fed Works on Plan to Pull System's Money
(DBN)

Rosenberg: This is a Depression
(DBN)

Stimulus Spending Hits $225 Billion
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4%
(DBN)

US Treasury gets tougher on home loan relief
(DBN)

Robert Reich: 'Shame Won't Work. Only Political Muscle and Courage Will'
(DBN)

Teams aim to speed mortgage relief
(DBN)

Some Borrowers Find Little Relief
(WSJ: separate paid subscription required)

Lenders Face Sanctions for Failed Loan Modifications
(DBN)

HAMP: Obama Turns Up Heat on Lenders
(DBN)

Treasury sets guidance to simplify "short sales"
(DBN)

Did US Bankruptcy Laws Exacerbate the Housing Crisis?
(DBN)

While Americans suffer, glutted banks refuse to renegotiate mortgages
(DBN)

As Treasury Department Stumbles, Liberals Push Tougher Measures to Stem Foreclosures
(DBN)

Lender Hartford challenges Diamond Oaks' $32 million bankruptcy
(DBN)

Capmark to sell mortgage unit for $515M
(DBN)

Lehman Bros. seizes Canyon Ranch
(DBN)

World’s Most Expensive Office Markets Get Cheaper on Job Cuts
(DBN)

Minneapolis riverfront developer files for liquidation
(DBN)

Buyers expected to wrap Statler deal
(DBN)

Buyers fail to close Statler deal
(DBN)

Missed payment clouds Statler's future
(DBN)

The housing speculators return
(DBN)

Lenders Lawyer Up
(DBN)

Arrogance Has Its Price
(DBN)

Stiff mortgage lenders, advises law professor
(DBN)

Nashville developer hasn't paid workers since January
(DBN)

Distribution of ABFS settlement is in dispute
(DBN)

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Banking:

Citigroup Names Bailout Critic Buiter as Chief Economist
(DBN)

Credit Union Blew It All on Bad Bets
(DBN)

Creditworthy borrowers should get priority from banks, panelists say
(DBN)

Banks Bracing for Record Defaults in 2010
(DBN)

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Cable Television:

Charter Communications emerges from bankruptcy
(DBN)

Moody's assigns junk rating to Charter holding co.
(DBN)

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Autos:

Michigan auto supplier sheds pensions in bankruptcy
(DBN)

GM, Chrysler Fees Pile Up
(DBN)

GM Goes Casual
(DBN)

Betting On A Better Deal For GM Bondholders
(DBN)

Small auto suppliers struggling to get loans
(DBN)

Fitch Ratings says U.S. auto industry headed for airline-style cyclical bankruptcies
(DBN)

Is This The End for GM?
(DBN)

Obama lays down the law
(DBN)

Alabama's Auto Industry's Rocky Road
(DBN)

US November auto sales to show slow recovery
(DBN)

Republicans To Call "Car Czar" To Testify Before House Subcommittee
(DBN)

Judge Approves Car Dealer Holley's Bankruptcy Plan
(DBN)

Potential buyers were shocked by Saturn deal
(DBN)

Saab’s Fate to Be Discussed This Week
(DBN)

Saab in 11th-hour talks with GM to avert its closure
(DBN)

Why GM Should Keep Saab
(DBN)

More jobs axed at GM's UK arm
(DBN)

GM regains full control of Opel as trust dissolves
(DBN)

GM Said to Weigh Sale of Saab Assets to Beijing Auto
(DBN)

_____________

Agriculture:

Agriprocessors bankruptcy comes back to bite some cattle producers
(DBN)

Eurofresh co-founder back as CEO, president
(DBN)

______________

Gambling:

Fontainebleau Las Vegas retailers part of auction
(DBN)

Majestic Star's emergency bankruptcy court motions approved
(DBN)

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Asset Protection:

Offshore Asset Protection For United States Clients
(DBN)

______________

Compensation:

No More Executive Bonuses!
(DBN)

______________

Health Care:

Embattled Canopy Financial Files Ch. 11 Bankruptcy; Details Emerge
(DBN)

Hospital battle heats up
(DBN)

Youngstown mayor seeks federal dollars to help Forum Health
(DBN)

Englewood Hospital points to declines to keep Pascack Valley closed
(DBN)

______________

Hockey:

Ex-Owner Says Coyotes Owe City Nothing
(DBN)

Preds owner David Freeman acknowledges cash flow problem
(DBN)

Financial woes plague Nashville owner
(DBN)

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Music:

Former Death Row Chief Prohibited From Interacting With Company
(DBN)

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Packaging:

Smurfit-Stone files reorganization plan
(DBN)

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New Bankruptcy Opinions
(2 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)

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Bankruptcy Statistics:

Bankruptcy Filings Continue to Surge
(DBN)

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Bankruptcy Prediction:

Hertz drops defamation lawsuit against analyst
(DBN)

______________

Bankruptcy Humor:

Bankruptcy Bill
(DBN)

______________

Student Debt:

High Court Hears Student Loan Bankruptcy Case
(DBN)

Court should rule in favor of lender in student loan case
(DBN)

______________

Insurance:

AIG Price Target Cut 40% by Bernstein on Reserves
(DBN)

A.I.G. in Debt-for-Equity Swap With New York Fed
(DBN)

British American files for bankruptcy
(DBN)

______________

Boating:

Bidding to refloat bankrupt Genmar begins at $55M
(DBN)

______________

Oil/Gas:

New SemGroup CEO upbeat as company prepares to emerge from bankruptcy
(DBN)

Oil, gas royalties for sale during bankruptcy auction in Oklahoma City
(DBN)

______________

Ethanol:

Ethanol Boom Gone Bust
(DBN)

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Theme Parks:

Hedge fund, creditors bid for Six Flags
(DBN)

Two Bondholder Groups Vie for Six Flags Control
(DBN)

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Fraud:

Madoff Investor Rosenman Loses Bid to Recover Assets
(DBN)

Wife of convicted Ponzi operator pleads guilty
(DBN)

SEC accuses Tampa executive of running 'fantasyland of fraud'
(DBN)

Arrest Imminent In Florida Ponzi Case, Report Says
(DBN)

Canopy Financial called a sham; FBI probes firm
(DBN)

Galleon Said to End Operations in Singapore at Year-End
(DBN)

Mass. Man Admits $20 Million Fraud With Trusts
(DBN)

______________

UK:

Bankruptcy and Diligence etc. (Scotland) Act 2007
(DBN)

Morgan Stanley: UK Risks Serious Debt Crisis
(DBN)

RCR update
(DBN)

Scottish firms beef up insolvency divisions
(DBN)

Awaiting Bonuses, U.K. Bankers Cherry-Pick Luxury Homes
(DBN)

U.K. Struggles to File Madoff Charges
(WSJ: separate paid subscription required)

UK Manufacturing Expansion Unexpectedly Slows
(DBN)

Menzies and Morley and Scott merge
(DBN)

Police seize files from Kerry Katona's ex-accountant
(DBN)

______________

EU:

Europe: What a Recovery Will Look Like
(DBN)

______________

Canada:

New Bankruptcy Rules Hurt Some People They Were Designed to Help
(DBN)

Nortel failure sparking Canadian pension debate
(DBN)

Canada's growth returns, imports surge
(DBN)

Nortel bonuses epitomize a baffling trend in business
(DBN)

______________

Middle East:

Dubai World in Talks on $26 Billion of Debt
(DBN)

Dubai World Says Debt Negotiations Only Cover Real Estate Arm
(DBN)

Dubai official: Dubai World's debt is its own
(DBN)

Speculation Grows Over a Tense Rift, With Billions at Stake
(DBN)

The Ascent, and Fall, of Dubai
(DBN)

Dubai's Jebel Ali says made bond coupon payment
(DBN)

In Dubai Debt Crisis, a Test of Law and Islamic Banking
(DBN)

Dubai Son-of-Subprime Shows Disease Still With Us
(DBN)

Dubai Shows Limits of Government Rescues, Roubini’s Das Says
(DBN)

Dubai, Abu Dhabi equities drop sharply for second day
(DBN)

20/20 Hindsight in Wake of the Dubai Default
(DBN)

A Financial Mirage in the Desert
(DBN)

Dubai-A Lesson In Why Transparency Matters
(WSJ: separate paid subscription required)

Dubai May Finally Be Broke, But It's Been Morally Bankrupt All Along
(DBN)

The Dubai Bubble by the Numbers
(DBN)

Dubai World May Have to Check Out of U.S. Hotels
(DBN)

Dubai shock won't sink foreign banks
(DBN)

Kuwaiti Firm Said to Sue Carlyle Over Debt Fund
(DBN)

______________

Germany:

German Unemployment Unexpectedly Declines as Economic Recovery Broadens
(DBN)

______________

France:

France's Thomson SA to restructure debt by Feb
(DBN)

______________

Greece:

The new Iceland? Greece fights to rein in debt
(DBN)

______________

Russia:

Ex-Yukos owners win international ruling against Russian government
(DBN)

______________

Japan:

BOJ to Provide 10 Trillion Yen in Emergency Credit
(DBN)

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