December 11, 2009

The Daily Bankruptcy News

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Law:

A Fly on the Wall at 425 Lex: Inside a Simpson Thacher Partner Meeting
(DBN)

Heller Creditors Pencil Deal With Junior Partners
(DBN)

BigLaw & the 'Tsunami Economy': Demand Down, Billing Rates Up
(DBN)

In-House Counsel, Law Firms Not Seeing Eye to Eye
(DBN)

Bankruptcy Border War Ends With Milbank Win For Grupo Mexico
(DBN)

Freshfields gives extra cash to Insolvency team
(DBN)

Cooley Names New Bankruptcy Partner
(DBN)

Reed Smith Names New Bankruptcy Partner
(DBN)

A.I.G. General Counsel Is Set to Depart Amid Talks on Pay
(DBN)

Stephen Karotkin Quoted on Bankruptcy Fees Oversight
(DBN)

Dealmaker of the Week: Peter Golden of Fried Frank
(DBN)

New Leadership at Weil Gotshal
(DBN)

Some Law Firms Begin Firing Equity Partners, Despite a Better Third Quarter
(DBN)

Firms set to roll out new pricing deals for clients
(DBN)

Associate Pay Cuts Here to Stay, Say Firms, Analysts
(DBN)

Neither Fish Nor Fowl
(DBN)

What You Should Be Doing With Those Unbillable Hours
(DBN)

Downward Facing Esq.: BigLaw Bending Over Backwards to Offer Clients Flexible Billing
(DBN)

New Career Path for U.S. Lawyers: Outsourcing Firms
(DBN)

New General Motors GC Takes the Wheel, Steering for a Comeback
(DBN)

Associate Bonus Watch: Fried Frank’s Black Box of Bonuses
(DBN)

Ex-Ropes & Gray Lawyer Pleads Guilty in Galleon Case
(DBN)

Ex-Client Sues BigLaw Firm for Rent Money
(DBN)

Do Rothstein-like Scandals Change the Perception of Lawyers?
(DBN)

Second Chance for Former Locke Lord Partner Ends in Dismissal
(DBN)

Vacation Changes At WilmerHale
(DBN)

Prominent L.A. Lawyer Shot in Head Outside Home Was Murdered
(DBN)

Pls Hndle Thx Rprts: Dancing with Mr. Brownstone
(DBN)

Citing His Age, 83-Year-Old Lawyer Says ‘Couch of Restitution’ Claims Are Absurd
(DBN)

Study Group At Columbia Requires A Transcript
(DBN)

On Crushing Your First-Year Exams: Advice From Some Who Did
(DBN)

Firm secretary convicted of filming up a woman's skirt
(DBN)

Looking for Love in All the Wrong Places? A Craigslist ‘Missed Connection’ at the SCOTUS
(DBN)

Attorney pleads not guilty to meth dealing
(DBN)

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Judges:

Judge Porteous accused of bankruptcy fraud during hearing Tuesday
(DBN)

Federal Judge Unruffled by Allegations of Law Firm Pay-to-Play
(DBN)

O’Connor: Want a Qualified, Impartial Judiciary? Don’t Use Contested Elections
(DBN)

Criminal Case Against Judge Raises Questions About Prosecution
(DBN)

Sources: Law Firm Caught Up in Judge Scandal to Close by Year's End
(DBN)

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Wall Street:

Stocks set to climb
(DBN)

Stocks in broad-based rally
(DBN)

Goldman Sachs Alters Its Bonus Policy to Quell Uproar
(DBN)

Bonus Backlash May Boost Wall Street Pay
(DBN)

Americans Are Furious at Wall Street
(DBN)

Top Goldman Execs to Get Only Stock in Bonuses
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Labor Dept.: Weekly jobless claims up
(DBN)

Stiglitz Urges ‘Powell Doctrine’ to Fix Jobs Picture
(DBN)

Finance Layoffs and Hirings: GMAC and more
(DBN)

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Banking:

Bank of America's TARP payment could delay CEO announcement
(DBN)

Brown and Sarkozy may have started something by taxing bankers' bonuses
(DBN)

Geithner moots TARP exemption for small banks
(DBN)

ING to Repay Half of Bailout in Coming Weeks
(DBN)

______________

Finance:

GMAC likely to get less than $5.6B in new government loans
(DBN)

CIT Shares At 4 Cents After Lender Emerges From Bankruptcy
(DBN)

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Fraud:

Ex Ropes & Gray attorney charged in SEC inquiry
(DBN)

Judge Denies Bid To Move Picard's Cohmad Cases From Bankruptcy
(WSJ: separate paid subscription required)

Most Madoff Victims Denied SIPC Repayments a Year After Arrest
(DBN)

The Madoff game: Where Ponzi players are today
(DBN)

Charities Still Stung by Madoff Scandal Year Later
(DBN)

Bernie Madoff's Taint Albatross Around Neck Of Former Employees
(DBN)

The Bungling of the Madoff Case
(DBN)

Mark Madoff Is Having a Tough Time Finding Work
(DBN)

SEC Opens "The Rockford Files" , Thwarts Another "Structured Settlement Funding" Ponzi Scheme
(DBN)

Trustee: Fraud dates to June '05
(DBN)

Will Congress and Citigroup fund ACORN again?
(DBN)

US judge declares Swiss banker, lawyer fugitives
(DBN)

______________

 

 

 

Economy:

Household Wealth in US Rises, Revisions Show Plunge
(DBN)

New US jobless claims rise, trade gap narrows
(DBN)

Elizabeth Warren on Financial Transparency and TARP
(DBN)

Special IG Of TARP Releases Expanded Bailout Spending Report
(DBN)

TARP a Disaster Says Congressional Oversight Panel
(DBN)

Treasury Used $364bn of TARP funds in 2009
(DBN)

TARP critic steps down from oversight panel
(DBN)

Geithner-don't declare victory too soon in crisis
(DBN)

Geithner: Positive Return Expected From TARP
(DBN)

Geithner: Treasury Faces Losses From Autos, AIG
(DBN)

'I Don't Understand Why This Is So Complicated' : Geithner
(DBN)

Many See the VAT Option as a Cure for Runaway Deficits
(DBN)

Treasury: housing aid to push TARP losses up
(DBN)

Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash
(DBN)

Moody's Says No Plans to Lower US, UK Ratings
(DBN)

Morgan Stanley Sees Bumpy, Boring Recovery
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Only about 4% get long-term mortgage help
(DBN)

Lenders modify few loans under Obama plan
(DBN)

Treasury official: Report shows homeowners need quicker help
(DBN)

Taxpayers are keeping the mortgage market afloat. That's not going to work forever.
(DBN)

Gov't program only helps 31000 borrowers so far
(DBN)

US Foreclosures Will Hit 3.9 Million
(DBN)

First Look: Inside The $75 Billion Plan to Save Housing
(DBN)

Hawaii foreclosures up 122 percent in November
(DBN)

November Foreclosure Data Mixed
(DBN)

American Foreclosures Set To Break The 4 Million Mark
(DBN)

Drop in Foreclosure Filings May Be Temporary
(DBN)

Foreclosure risk up 85% in NYC in Nov.
(DBN)

U Street Atlantic Towers plan faces foreclosure threat
(DBN)

Statler's future cloudy as ever
(DBN)

Developer Frenz facing foreclosures, lawsuits
(DBN)

State wins back wages for laid-off title company workers
(DBN)

You Just Strategically Defaulted on Your Mortgage. What's Next? 'We're Going to Disneyland!'
(DBN)

Will Their "Collective Stupidity" Spare Subprime Officials from Liability?
(DBN)

Death by Mortgage Debt Collection?
(DBN)

_____________

Insurance:

Novel Claim Against Insurer in Madoff Fiasco
(DBN)

Bailout watchdog criticizes loans to big insurers
(DBN)

Bribery Scandal's Massive D&O Insurance Costs
(DBN)

______________

Magazines:

Editor & Publisher closing after 108 years
(DBN)

______________

Celebs:

Salahis Offered Phony Watch to Settle Debt
(DBN)

Dykstra Poised to Give Up Bling
(DBN)

Ramsay hasn't a pot to diss in
(DBN)

______________

Food/Drink:

Bankruptcy judge approves Pilgrim's Pride exit plan
(DBN)

______________

Committees:

Equity committee denied in Smurfit Stone bankruptcy
(DBN)

______________

Directories:

Idearc expects to emerge from Chap 11 by year-end
(DBN)

______________

Health Care:

Ryan, Wilson Brown Ask Obama to Intervene with Dollars for Forum Health
(DBN)

Leaders seek more Forum options
(DBN)

Natchez hospital sues ex-management
(DBN)

Suit says Quorum hid hospital's losses
(DBN)

______________

Derivatives:

4 Huge Loopholes in the Derivatives Reform Legislation
(DBN)

______________

Retailing:

Barneys new year
(DBN)

______________

Telecoms:

FairPoint's woes are continuing
(DBN)

______________

Funeral Services:

Judge asked to release funds to fix mausoleum
(DBN)

______________

Defaults:

Default Risk to Linger in 2010
(DBN)

______________

Transport:

Freight Shipping Slips for Second Month
(DBN)

______________

 

New Bankruptcy Opinions
(1 new opinion today - corrected link from yesterday)

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)

______________

Bankruptcy Reform:

US Rep Frank: Expect Mortgage Bankruptcy Changes To Pass
(DBN)

Turner joins up with Democrats to help bankrupt homeowners
(DBN)

Senate to try again on HC bankruptcy bill; PBGC flexes might
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Increase Nearly 20%
(DBN)

______________

Corporate Reform:

Rhetoric Picks Up as Vote Nears on Regulatory Overhaul
(DBN)

US House tackling historic financial reforms
(DBN)

House Trims State Powers in Debate on Financial Rules Overhaul
(DBN)

House scales back proposed Wall Street rules
(DBN)

Questions, answers on Wall Street regulation bill
(DBN)

House to Weigh Dropping Plan for Consumer Financial Watchdog
(DBN)

______________

Autos:

Threatened G.M. and Chrysler Dealers Win a Round in the House
(DBN)

General Motors' executive suite sees mass turnover
(DBN)

Judge says Visteon can cut retirees' benefits
(DBN)

Buick GMC chief quits after nine days
(DBN)

Chevrolet's New Boss Already Canned
(DBN)

GM Delays European Restructuring Plan to January
(DBN)

Chrysler Reverses No-Liability Position Regarding Product Defect Claims
(DBN)

SAIC to Partly Take over Saab's Key Assets at Lower Price
(DBN)

______________

Radio:

Citadel Broadcasting Preparing to File for Bankruptcy
(DBN)

______________

Mass Torts:

W.R. Grace Accused of 'Scorched-Earth' Tactics
(DBN)

______________

Gambling:

Bankrupt Fontainebleau seeking $1 million for bonuses
(DBN)

______________

Environmental:

Asarco pays record $1.79 bln for enviro cleanup
(DBN)

Feds: Asarco settlements will clean up 80 sites
(DBN)

______________

Accounting:

Some controversial accounting rules contributed to the banks' problems
(DBN)

Audit watchdog shines light on Big Four's cross-selling
(DBN)

______________

Lehman:

US judge says Lehman trustee can transfer assets
(DBN)

______________

Hotels:

The Artisan Hotel could be forced into Chapter 7 bankruptcy
(DBN)

______________

UK:

Brown urges fellow EU leaders to consider tax on bonuses
(DBN)

UK Risks Flood of Bankruptcies: Fund Manager
(DBN)

HMRC wants to name and shame tax advisers
(DBN)

______________

EU:

Banker bonuses, Greece in spotlight at EU summit
(DBN)

European Stocks Rise Broadly After Greece Bankruptcy Doubted
(DBN)

EU Says Stimulus to Remain Until Recovery ‘Secured’
(DBN)

EU bankers' bonus tax plan gains momentum in Brussels
(DBN)

______________

Canada:

Hollinger Publishing Wins Bankruptcy Protection, Has No Assets
(DBN)

______________

France:

France to Unveil Tax on Bonuses
(DBN)

______________

Spain:

Spain Says Adios to Xmas as 19% Jobless Hits Spending
(DBN)

______________

Greece:

Greece vows to 'clean up' its debt mountain
(DBN)

Greek Bonds Present 'Great Opportunity' After Slump, DWS Says
(DBN)

______________

Japan:

Japan Consumer Sentiment Falls First Time This Year
(DBN)

______________

Holland:

Investors want inquiry into Van der Moolen bankruptcy
(DBN)

______________

Middle East:

Nakheel Bond Jumps to 54 Cents Before Dec. 14 Payment Deadline
(DBN)

______________

 

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