December 15, 2009

The Daily Bankruptcy News

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Law:

More Internal Documents from Simpson Thacher
(DBN)

US Supreme Court Drops Bombshell "Summary Disposition" Vacating 2d Circuit's Chrysler Decision
(DBN)

Supreme Court rejects appeal of Chrysler bankruptcy exit
(DBN)

Hope For Mega Bonuses at Latham & Watkins?
(DBN)

Does Cravath Need to Match Sullivan & Cromwell?
(DBN)

Recession prompts firms to rethink the billable hour
(DBN)

Weil's Lehman Legal Bill Reaches $127 Million
(DBN)

Ex-Client Sues Paul Hastings for $55 Million in Soured Loan
(DBN)

Cleary, Davis Polk Lead Citi's Bailout Repayment
(DBN)

Ashurst advises Nakheel creditors on Abu Dhabi bailout
(DBN)

Firm reveals 5m increase in partner cash contributions
(DBN)

Slain L.A. Lawyer Got Restraining Order Against Another Attorney in 2005
(DBN)

Valerie Richmond Joins Taylor English Law Firm
(DBN)

Unable to Find Legal Job, Blogger Posts Bah Humbug Tale on YouTube
(DBN)

Kansas AG Sues Association for Honest Attorneys and Its Leader
(DBN)

Jurors’ Wikipedia Research, Friending at Issue in Two Md. Cases
(DBN)

Washington & Lee Law Dean Leaves School (And Unfinished Business)Behind.
(DBN)

How Much Does It Cost to Install a Lieutenant Governor?
(DBN)

Lawyer, 47, still lives with parents
(DBN)

Attorney Suspended for Covering Up His Lack-of-Work Ethic
(DBN)

From Prosecutor to Perp: The Robert Simels Story
(DBN)

Is it worth accepting an offer to join your firm's partnership if it means having to take a reduced salary?
(DBN)

MN 'Attorneys of the Year' announced
(DBN)

Disarray in Philly Court System Impedes Justice
(DBN)

J.D. Just Ain't What It Used to Be
(DBN)

A Law Prof With More Than Exams on Her Mind
(DBN)

Cases soar as recession batters wallets, psyches
(DBN)

S.F. Associate Wins a Million Bucks in ESPN Game
(DBN)

Say What?!
(DBN)

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Judges:

Judging the judges - Does secret process let errant jurists get away with breaking the law?
(DBN)

Judges Judging Judges: Is the Process Too Secretive?
(DBN)

Despite troubles, some on bench keep salaries; Those who do admit misdeeds don't always leave the public payroll
(DBN)

Should Judges and Lawyers Be "Friends"?
(DBN)

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Wall Street:

European, Asian Shares Decline; US Stock-Index Futures Drop
(DBN)

Stocks, euro gain after Dubai bailout eases fears
(DBN)

Global Stocks Rise as Default Swaps, Dollar Drop Following Dubai Bailout
(DBN)

Dubai bailout, Exxon deal lift Wall St
(DBN)

RIP: Wall Street's Bonus Culture
(DBN)

Goldman Fueled AIG Gambles
(WSJ: separate paid subscription required)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Finance Layoffs and Hirings: Wells Fargo and more
(DBN)

CFOs Are Nearly Done Firing People
(DBN)

Experts: Economy Will Rebound, Job Growth Won't
(DBN)

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Finance:

Bank of America will lend $5B more to businesses next year
(DBN)

CIT Commits to $500 Million to Small Biz
(DBN)

US Treasury Recognizes $2.33 Billion Loss On CIT Investment
(DBN)

Citi Recovers in CIT Bankruptcy
(DBN)

Wait 'Til Next Year, Credit Suppliers Say
(DBN)

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Municipalities:

D.C. hands out $15M in bonuses despite recession, budget
(DBN)

Professor believes budget troubles for states will get worse
(DBN)

Nightmare scenarios haunt states
(DBN)

Big cities feeling big budget pinch
(DBN)

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Compensation:

Goldman finally strikes right tone with bonuses
(DBN)

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Oil/Gas:

Oil slips for 9th day as inventories weigh
(DBN)

Mariner Energy to Purchase Edge Petroleum's Operations
(DBN)

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Health and Beauty:

Luxury Spa Chain Files for Bankruptcy
(DBN)

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Student Debt:

More than one in 5 students will default on college loans
(DBN)

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Mining:

What to do with Asarco
(DBN)

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Symphonies:

The symphony that refuses to die
(DBN)

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Sports:

Sports Illustrated puts Stephen Colbert on cover
(DBN)

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Horse Racing:

Developers, Former Owner Bid For Md. Racetracks
(DBN)

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Aviation:

Most JAL retirees back pension cuts--company survey
(DBN)

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Agriculture:

Trustee for Bankrupt Iowa Packer Asks Farmers to Return Payments
(DBN)

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Economy:

Obama Tells Bankers That Lending Can Spur Economy
(DBN)

Redefining How to Repay TARP
(DBN)

An Accelerating Recovery?
(DBN)

Fed May Delay Tightening Next Year as Congress Debates Powers
(DBN)

Treasury to auction off warrants to buy TCF stock
(DBN)

Fed's Goal: Make Sure We All Feel Calm
(DBN)

The surprisingly steep decline in world trade
(DBN)

TARP: And Then There Were None
(DBN)

TARP Repayments Push Geithner to Focus on Unemployment, Credit
(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:

American Dream 2: Default, Then Rent
(DBN)

Commercial Real Estate Market is Grim
(DBN)

Houston tops Texas CRE distressed markets
(DBN)

Why the Ferocious Building Boom in Houston?
(DBN)

Fairfield Residential files bankruptcy
(DBN)

Bankruptcy will cost CalSTRS its investment
(DBN)

Stuy Town’s Rents: Falling, Falling
(DBN)

What’s So Great About 30-Year Fixed-Rate Mortgages?
(DBN)

New Mortgage Security Guidelines Planned
(WSJ: separate paid subscription required)

Group buying Statler gets more time
(DBN)

Home Not Selling? Maybe Your Realtor Isn't Hot Enough
(DBN)

Capmark Completes Sale of Mortgage Unit
(DBN)

Ginnie Mae's rogues gallery
(DBN)

Mastro bankruptcy trustee sues on insurance payments
(DBN)

Moody's Sees Weak Demand for Building Materials in 2010
(DBN)

No Sanctuary for Animals Left on Foreclosed Farm
(DBN)

Developer's Easy-Money Pitch Left a Trail of Ruin
(DBN)

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Autos:

Supreme Court Says Challenge to Chrysler Sale Is Moot
(DBN)

Critics Of Chrysler Sale Find Positive In High Court's Order
(WSJ: separate paid subscription required)

I Know It's Over
(DBN)

GM May Have Left Bankruptcy Too Soon
(DBN)

Ford credits Obama's handling of auto industry
(DBN)

Another executive shift at GM
(DBN)

GM dumps seniority to find success
(DBN)

Ford to restore perks, raises
(DBN)

McAllister files suit against Nissan
(DBN)

Dura being sold to private-equity firm, creating $2 billion supplier
(DBN)

Subsidized Europe faces traumatic 2010
(DBN)

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Celebs:

The A-List way to make ends meet!
(DBN)

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Banking:

FDIC: Worst of Bank Failures Not Over
(DBN)

Big bankers meet Obama -- then go home
(DBN)

Wells Fargo becomes last big bank to repay TARP funds
(DBN)

Citigroup Shares Will Be Free to Get Fat Again
(DBN)

Citi: It's Payback Time
(DBN)

US could see $13-14 billion profit on Citi
(DBN)

Citigroup Stock Falls on TARP Repayment
(DBN)

Citigroup is Repaying TARP – So Why the 5% Drop'
(DBN)

Why are big banks like Citigroup rushing to pay back TARP funds?
(DBN)

Citi's Expensive TARP Exit
(DBN)

Bob Kelly is Not Going to BofA. He Really Really Means It.
(DBN)

Bank of America Said to Be Likely to Name Insider CEO
(DBN)

FDIC alleges BankUnited staff hurt bank
(DBN)

The Fight for WaMu Documents
(DBN)

Why Banks are Not Allowed in Bankruptcy
(DBN)

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Sovereigns:

Bond Traders Put Pressure on Debt-Laden Nations
(DBN)

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Hockey:

Canada Still Part Of Potential Coyotes Buyer's Plans
(DBN)

Coyotes not only cause for concern
(DBN)

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Newspapers:

Morris seeks debt exchange, could file bankruptcy
(DBN)

Philly publisher, lenders battle over "credit bid"
(DBN)

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Gambling:

Lack of talk in Stations' bankruptcy case puzzles judge
(DBN)

Beal, Icahn join forces in Trump Entertainment war
(DBN)

Worker Benefit Plans Among Top Creditors In OTB Bankruptcy
(DBN)

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Resorts:

All broke up: Elvis resort dream dashed, property to be sold
(DBN)

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RVs:

RV market crashed hard, fast
(DBN)

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Accounting:

Big Four Firms Dominate Best Places to Intern Rankings
(DBN)

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Hedge Funds:

Hedge Fund Staff Expect More Comp in 2009
(DBN)

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Trucking:

YRC Worldwide again will slash pay of nonunion workers
(DBN)

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Education:

Soldier Can’t Recall His Course Lessons at For-Profit College
(DBN)

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New Bankruptcy Opinions
(1 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:

'Cramdown' legislation could be a losing battle, backers say
(DBN)

Committees to Discuss Bankruptcies
(DBN)

House Bankruptcy Bill Introduced
(DBN)

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Bankruptcy Statistics:

Guesstimate of 2010 Bankruptcy Filings
(DBN)

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Lehman:

Lehman Unit Failed to Segregate Vast Sums of Money, Judge Says
(DBN)

Lehman Bankruptcy Advisers Get $533.5 Million
(DBN)

State Street Wants $80 Million From Lehman Trustee
(DBN)

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Corporate Reform:

Best (and worst) of the Decade: Financial heroes and villains
(DBN)

New Consumer Agency Passes One Hurdle
(DBN)

Not Losing Is New Winning as Bankers Dilute Overhaul
(DBN)

The 9/11 Ruling That Corporate Defendants Love
(DBN)

Regulators Resist Volcker Wandering Warning of Too-Big-to-Fail
(DBN)

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Fraud:

Rajaratnam Makes 2nd Request for Bail Reduction
(DBN)

Chais not off the hook
(DBN)

Trustee alleges fraud by Lone Star affiliates
(DBN)

Healthcare fraud cases rise 30 percent
(DBN)

Tom Petters Sounds Pretty Guilty on Tape
(DBN)

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Food/Drink:

Chef Sees Busy 2010 After Close Call With Bankruptcy
(DBN)

Stuttgart Family Foods files for bankruptcy
(DBN)

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Credit Cards:

Capital One Expects Weakness To Linger Through Q1
(DBN)

Twenty-one Percent of Consumers Expect to Carry Holiday Credit Card Debt After January 2010
(DBN)

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Tax:

Swiss Prosecutor Drops Probe of Former UBS Executives
(DBN)

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Biotech:

Hawaii Biotech power struggle heads into bankruptcy court
(DBN)

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Chemicals:

Lyondell Files Reorganization, Weighs Reliance Bid
(DBN)

Huntsman asks US court to force Tronox assets auction
(DBN)

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Telecoms:

FairPoint battles Maine over rebates: Telecom says state can't require $8M in payments while company is in Ch. 11
(DBN)

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Video Rentals:

Movie Gallery hires restructuring advisor 18 months after exiting bankruptcy
(DBN)

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Health Care:

Fate of hospitals is in voters' hands
(DBN)

Ryan Pushes Federal Help for Forum
(DBN)

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Retailing:

Retail Sales Rise as Holiday Deals Lure Last-Minute Shoppers
(DBN)

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UK:

Succeeding by Failure
(DBN)

Lloyd’s of London, ‘RBS of 15 Years Ago,’ Has Lessons for Banks
(DBN)

RBS Chairman Says Board Didn't Threaten to Resign
(DBN)

RBS CEO Hester Attacks 'Politicization' of Bank Amid Bonus Talks
(DBN)

Darling Rejected Advice to Disclose Crisis Loans to RBS, HBOS
(DBN)

Insolvency rates 'are likely to rise in New Year'
(DBN)

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Canada:

Fraser Strives to Survive as Smaller, Specialty Company
(DBN)

Report Alleges Ponzi Scheme
(DBN)

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Greece:

Greece's government unveils major spending cuts
(DBN)

Greek PM says his country risks sinking in debt
(DBN)

Traders on Alert Over Greek Debt
(DBN)

Greek PM pledges spending cuts, tax on bankers
(DBN)

Should the EU Rescue Greece?
(DBN)

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Middle East:

Dubai May Need More Help to Repay Debt After Abu Dhabi Bailout
(DBN)

Rather Than Risk A Chapter 11, Dubai Is . . . Keeping it In-House
(DBN)

Decree ushers in insolvency reforms
(DBN)

Tribunal set up for debt claims
(DBN)

Too Big To Fail, After All
(DBN)

Abu Dhabi May Demand More Power for $10 Billion Dubai Lifeline
(DBN)

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Mexico:

Mexico Whacked With Second Debt Downgrade
(DBN)

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Germany:

German Investor Confidence Declines for Third Month
(DBN)

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Kazakhstan:

Alliance Creditors Back $4.5 Billion Restructuring
(DBN)

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