December 14, 2009

The Daily Bankruptcy News

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Law:

On Orrick’s Merit-Based System: A Chat With Ralph Baxter
(DBN)

62 Former Heller Ehrman Partners Agree to Pay $1.6M to Creditors
(DBN)

Even Weil Tones Down the Holiday Party
(DBN)

The Bankruptcy Files: Season's Greetings from Chapter 11
(DBN)

Best Lawyers - The New York Area’s Lawyers of the Year
(DBN)

2010 Lawyers of the Year Spotlight
(DBN)

Adams and Reese Expands, Adds 60 to its Ranks
(DBN)

Texas Bar Bankruptcy Section newsletter
(DBN)

Dallas-Based Gardere Trims $20K From Associate Pay, Cuts Billables
(DBN)

Clients push back against 1st-yr associates on accts, win at Gardere
(DBN)

Last Week in Layoffs
(DBN)

Firms braced for flood of applicants in 2010
(DBN)

‘Tis the Season for Mystery Meetings
(DBN)

Associate Pay Cuts Won’t Rebound with Economy
(DBN)

Pay Cuts - Now being referred to as "correction," not "temporary measure"
(DBN)

Baker & McKenzie plans to stay in East Loop
(DBN)

GC Kelly Likely To Leave AIG Over Pay Smackdown
(DBN)

SEC to Congress: BofA Probe Going Deeper
(DBN)

My Job Is Murder: Of Departures and Denouements
(DBN)

Texas Innocence Project Counsel Profits on Exonerees
(DBN)

Advice For Young Lawyers, From Legendary Litigator Bob Bennett
(DBN)

Law And More: You Spent 3 Years Studying to Be What?
(DBN)

Chicago-based firm under fire
(DBN)

L.A. Lawyer Pleads in Quellos Case, Admits He Didn't Pay Tax on $35M Offshore Account
(DBN)

New Lawyer Show Sugarcoats Reality
(DBN)

Legal Training Looks at New Directions in Response to Recession
(DBN)

Fictional TV Lawyers We Love
(DBN)

How NOT to avoid jury duty!
(DBN)

Gadget Gifts for the 2009 Holiday Season
(DBN)

Recession forces more people with legal problems to represent themselves in court
(DBN)

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Judges:

Federal Judges Push Back Against Recusal Proposals
(DBN)

Defendants Seek to Recuse Judge Over Coffee Talk
(DBN)

Justice Sotomayor: A Boon for Business?
(DBN)

New Turmoil in Embattled Ariz. County as Appeals Court Bans Sheriff from Searching Judge’s Computers
(DBN)

Because Judge Jed Rakoff Said No
(DBN)

2 Judges & 1 Lawyer Win Bribery Appeals After 5th Circuit Raises New Issue
(DBN)

How to Safely Blog and Tweet From Court
(DBN)

Judge’s E-Mail to Newspaper Reportedly Forces Him Off Trial
(DBN)

Raised Eyebrows as Judge, Judge-Elect Hire Wives as Secretaries
(DBN)

Federal Judge Takes a Stand on 'Legalese'
(DBN)

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Wall Street:

US Stock-Index Futures Rally as Abu Dhabi Bails Out Dubai
(DBN)

Week Ahead: Stocks Look Ready to Push Past 2009 Highs
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

The jobs deficit
(DBN)

Real unemployment rate is far higher than the headlines
(DBN)

Laid-off Mercury Cos. workers win $4.29M settlement
(DBN)

In Michigan, One Answer to the Jobs Crisis
(DBN)

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Mass Torts:

Ex-Subsidiary Says GM Can't Scrap Contract Over Asbestos Claims
(DBN)

California Economic Recovery Taking Hold -- For Asbestos Lawyers
(DBN)

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Autos:

Auto industry seeks a lifeline in DC as Michigan struggles for hope
(DBN)

Retooled GM board driven by urgency
(DBN)

Notes from behind the scenes
(DBN)

Pulled back from disaster, a determined Mich. auto industry enters new age
(DBN)

Some closed GM and Chrysler dealers could get reprieve under spending bill
(DBN)

A slowdown spirals into a meltdown
(DBN)

Chinese Firm Strikes Deal to Produce Saab Models
(DBN)

GM Said to Push a Full Sale of Saab Auto, With Spyker Becoming Frontrunner
(DBN)

Court to decide fate of Ssangyong Motor next week
(DBN)

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Credit Cards:

Pulling back the curtain on wizards of consumer lending
(DBN)

Rate hikes, fees take effect before new law
(DBN)

Are Debit Cards the New Credit Cards?
(DBN)

Credit rules mean pain for industry, consumers
(DBN)

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Bankruptcy Crimes:

Salinas attorney Nelsen, wife indicted on bankruptcy fraud charge
(DBN)

Attorney cries foul over use of polygraph to deny sentencing break to bankruptcy fraud defendant
(DBN)

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Fraud:

Honest failure: Why a well-intentioned law to crack down on corruption should be struck down."
(DBN)

One Year Later: A Glimpse At Bernie’s Life Behind Bars
(DBN)

Madoff Makes New Friends Behind Bars
(DBN)

Bernie Madoff Is the Most Popular Guy in Prison
(DBN)

Nonprofits reeling after the year of Madoff
(DBN)

Madoff: Victim vs. victim
(DBN)

Prosecutors probe California feeder fund in Madoff affair
(DBN)

Law And More: Madoff's Talent: Lyndon Johnson's Instinct for reading people, responding just right
(DBN)

Former Estate Financial principal files bankruptcy
(DBN)

Another 'mini-Madoff' pleads guilty to fraud charges
(DBN)

EMI sues Citigroup for £2bn over 'fraud' and 'lies'
(DBN)

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Economy:

Retail Sales, Confidence Beat Forecasts
(DBN)

Bailout Losses Likely to Be Larger Than Treasury Estimates
(DBN)

Summers Predicts Job Growth by Spring
(DBN)

Greenspan Expects Jobs to Snap Back
(DBN)

Number of Hungry American Kids Skyrockets
(DBN)

Top Economic Adviser: 'Of Course' Recession Isn't Over
(DBN)

Tax Cuts Might Accomplish What Spending Hasn't
(DBN)

For feds, more get 6-figure salaries - Number of high-paid federal workers exploding
(DBN)

Shortchanging Taxpayers on TARP Pay Back
(DBN)

Senate Sends $1.1 Trillion Spending Bill to Obama
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Get Ready, Get Set, Point Fingers
(DBN)

Fairfield Files for Chapter 11
(DBN)

Former NYC Law Department Attorney Admits Starting Mortgage Scam to Pay Gambling Debts
(DBN)

Housing Value Decline Since 2006: $5.7 Trillion
(DBN)

New housing crisis
(DBN)

Interest Rates Are Low, but Banks Balk at Refinancing
(DBN)

Unit of Dallas-based Henry S. Miller Cos. agrees to enter bankruptcy
(DBN)

Short Sales, a Long Process
(DBN)

Barclays: Treasury Should Boost Fannie Lifeline to $300 Billion
(DBN)

Met Mortgage creditors get 2 more cents on the dollar: Some third-round payments will be as little as $10
(DBN)

Fall River land-taking saga reopened after arbitration award
(DBN)

Once reluctant, banks getting on board with short sales
(DBN)

SaltAire developers seek to exit Chapter 11
(DBN)

How Cleveland aggravated its foreclosure crisis
(DBN)

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Accounting:

Ernst & Young Prevails in $140 Million Case Brought by Frontier Creditors Trust
(DBN)

Female Deloitte grad quits over 'attractive males' email
(DBN)

Layoff Watch '09: Deloitte
(DBN)

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Banking:

Banks Fail in Florida, Arizona, Kansas
(DBN)

Not Everybody Loses on Bank Failure Friday
(DBN)

Citigroup Agrees to Repay $20 Billion of TARP Bailout Funds
(DBN)

Administration Criticizes Bankers
(DBN)

Can Obama bully the bankers?
(DBN)

Obama Aide to Bankers: They've Got Obligations
(DBN)

A Long Shadow Over Small Banks
(DBN)

Overdraft Seen as 'New Tobacco' from AGs
(DBN)

Winners and Losers in the Bank Reform Bill
(DBN)

SEC eyes all aspects of BofA's Merrill proxy
(DBN)

Bank of America May Face More Claims, SEC Aide Says
(DBN)

Dallas banker's fall from grace was merely a detour
(DBN)

Banks in TARP tread lightly
(DBN)

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Corporate Reform:

House votes to reform financial regulations
(DBN)

Fixing the Global Financial System
(DBN)

Are Prosecutorial Missteps Helping Broadcom Defendants?
(DBN)

______________

Biotech:

Hawaii Biotech declares bankruptcy
(DBN)

______________

Autos:

Obama: Automakers can be a 'source of strength'
(DBN)

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Retailing:

InkStop stores hold bankruptcy liquidation sale
(DBN)

Redeem All of Gift Card, or Give Store a Present
(DBN)

In troubled times, layaway makes a comeback
(DBN)

Va. bankruptcy judge weighs plan for S&K chain
(DBN)

Mall giant General Growth moves to thwart hostile takeover
(DBN)

______________

Chemicals:

Lyondell ignores RIL's offer, files rescue plan
(DBN)

Lyondell creditors say settlement is invalid
(DBN)

______________

Telecoms:

Could a New Nortel Emerge?
(DBN)

______________

Magazines:

367 magazines shuttered in 2009
(DBN)

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Art:

Banks give up business of art
(DBN)

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Directories:

Yellow-Pages plot high tech road out of bankruptcy
(DBN)

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Aviation:

Budget airline looks set to collapse
(DBN)

British Airways Pension Shortfall Widens to 3.7 Billion Pounds
(DBN)

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Turnarounds:

Why a Friend Shouldn't Run Your Business
(DBN)

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Building Materials:

National Home Centers Files Chapter 11
(DBN)

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RVs:

In Lane County, the RV industry's swift crash
(DBN)

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Personal Finance:

A Lesson in Frugality, From the Tenements
(DBN)

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Resorts:

Put a Ring on It
(DBN)

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New Bankruptcy Opinions
(No 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 Reform:

Bankers say no way to proposed mortgage bankruptcy changes
(DBN)

House Passes Reform Legislation but Scraps Bankruptcy Cramdowns
(DBN)

House Defeats Cramdown Measure
(DBN)

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Bankruptcy Statistics:

Bankruptcy flood may be just starting
(DBN)

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Compensation:

U.S. caps exec pay at $500K - Order affects cash salary of top executives at companies that accepted government bailout
(DBN)

Goldman Wins by Not Paying Cash Bonuses
(DBN)

US sets pay rules at 4 firms
(DBN)

_____________

Insurance:

U.S. watchdog asks why Lincoln got rescue funds
(DBN)

D&O Insurance Distress
(DBN)

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Food/Drink:

Tops places bid on bankrupt Quality stores
(DBN)

Bankruptcy Of Restaurants 'Not An Option' For TV Chef Ramsay
(DBN)

Tavern on the Green operators make back-up plans
(DBN)

Luxury restaurant Olana files Ch. 11
(DBN)

______________

Celebs:

Annie Leibovitz Is Now $30 Million In Debt
(DBN)

Gordon Ramsay in hot water, as his business goes down in flames
(DBN)

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Student Debt:

Student loan default data highlights for-profits
(DBN)

Senator seeks ombudsman for private student loans
(DBN)

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Hotels:

Trendy Gansevoort South Not So Chic for Credit Suisse
(DBN)

______________

Gambling:

Icahn Joins Trump Casino Fight
(DBN)

Icahn buys 1st-lien debt of Trump's casino company
(DBN)

A Fontainebleau Military Resort?
(DBN)

______________

Satellites:

Worldspace sats considered for de-orbiting
(DBN)

______________

Municipalities:

NY Gov. says he will hold back cash
(DBN)

Texas Sales Tax Revenue Continues Decline
(DBN)

Judgment puts future of Mesa in question
(DBN)

______________

M&A:

Strategic Buyers Still in the Catbird Seat
(DBN)

______________

Health Care:

More time to work toward a better solution at Forum
(DBN)

Forum Delays Pishkur Payday Hearing
(DBN)

Medical bills are a driving force behind many personal bankruptcies
(DBN)

Senate reform loophole allows caps on payouts for some illnesses
(DBN)

______________

Corporate Governance:

Failed Bank Directors and Officers: When the FDIC Comes to Call
(DBN)

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Tax:

IRS hires 'hundreds' for new wealth unit
(DBN)

How Many Ways Can You Tax the Rich?
(DBN)

L.A. Tax Lawyer Pleads Guilty to Tax Evasion in Kickback Scheme
(DBN)

IRS and Foreign Countries May Jointly Audit Some Corporations
(DBN)

Banker bonus tax like Britain's not favored by New York lawmakers
(DBN)

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Oil/Gas:

Foxx payout will be $1.17 million
(DBN)

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UK:

Britain's Hefty Bonus Tax Enrages Bankers
(DBN)

Bank 'supertax' could have global reach
(DBN)

Insolvency practitioners make ý3bn in the recession
(DBN)

Insolvency: The good, the bad and the future
(DBN)

London's new Robin Hood moves the homeless into city's poshest mansions
(DBN)

Tullett Prebon Will Help Brokers to Leave UK, Escape Bonus Tax
(DBN)

______________

EU:

Bond Vigilantes Prowling Europe
(DBN)

______________

Middle East:

Dubai to create bankruptcy framework, Dubai World may use
(DBN)

United Arab Emirates Shares Climb on Dubai World Debt Optimism
(DBN)

D-Day nears for Dubai's $3.5 billion debt hurdle
(DBN)

Dubai’s Improbable Tale
(DBN)

Dubai Fallout Makes Financing Tougher
(DBN)

Euro Gains After Dubai Gets $10 Billion Bailout From Abu Dhabi
(DBN)

______________

Germany:

German Unemployment May Rise to 4.2 Million
(DBN)

______________

Iran:

U.S. Freezes $2 Billion in Iran Case
(DBN)

______________

Japan:

Japan Tankan Sentiment Rises at Slowest Pace Since Recession
(DBN)

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