December 16, 2009

The Daily Bankruptcy News

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Law:

Bankruptcy Rates Top $1000 Mark in 2008-09
(DBN)

Inside Jones Day's 685-Page Lehman Fee Application
(DBN)

WilmerHale Joins the Killing Lockstep Party
(DBN)

Lovells to enter global top 10 after securing Hogan merger vote
(DBN)

Associate Bonus Watch: Dewey & LeBoeuf Helps Me Keep My Clothes On
(DBN)

Tough Times for Big Law - Grads turn down offers of $80,000 not to work for a year
(DBN)

Why Hasn’t Everyone at Cravath Taken the Deferral Deal?
(DBN)

MegaMerger Creates Firm Larger Than Skadden, Jones Day
(DBN)

Nixon Peabody Deferral Extension: Can Somebody Check A Calendar?
(DBN)

More changes at Sonnenschein as firm cuts staff and drops lockstep pay for associates
(DBN)

Wachtell Advising Wells Fargo on TARP Repayment
(DBN)

Alleged Ponzi Schemer Scott Rothstein Ran into Trouble at Prior Firm
(DBN)

Rothstein Daughter Another Of His Victims
(DBN)

Alston & Bird: A Party For Those Who Have Been Forced Out
(DBN)

Lawsuit of the Day: Cerberus v. Paul Hastings
(DBN)

The Year's 10 Most Infamous Lawyers
(DBN)

Ex-Senate Leader’s Law Firm Success Recipe: Transparency, Inclusion & Shared Mission
(DBN)

Judge Tosses Suit over Jurisdictional Problem and Chides Kirkland Lawyer
(DBN)

'In the Crosshairs': GCs Can Ignore Financial Fraud Risks at Their Peril
(DBN)

Partnership Vote Clears the Way for ‘Truly a Different Kind of Firm’
(DBN)

Prosecutor’s E-Mail Sent to His Lawyer on a Work Account is Privileged, Court Says
(DBN)

Tiger Woods' Reaches Into His Bag and Finds a Law Firm to Send a Warning
(DBN)

Lawyers' Indictment in Wealthy Suburb Shocks Many
(DBN)

Lawyer of the Day: Aaron Biber
(DBN)

My Lawyer Is a Bat-Wielding Maniac!
(DBN)

New Solos Get Cheap Rents and Good Deals, But Will Clients Come?
(DBN)

Phoenix lawyer known for TV ads faces discipline
(DBN)

Michael Jackson estate administrators, attorneys seek payment
(DBN)

Drag Me From Hell
(DBN)

Jefferson County cases keep Texas on Judicial Hellhole 'Watch List'
(DBN)

Madison and St. Clair counties on 'Hellhole' watch list
(DBN)

Hellhole! South Florida Tops 2009 List
(DBN)

Eyes on Calif. in 'Judicial Hellholes' report
(DBN)

Hellhole report sparks debate in W.Va.
(DBN)

State AGs, supreme courts don't go unnoticed in Hellholes report
(DBN)

Job Search Tips for the Unemployed Law Graduate
(DBN)

Hola, life long love affair in Arizona
(DBN)

When Lawsuits Backfire: The Georges Marciano Tale
(DBN)

Say What?!
(DBN)

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Judges:

Impeachment: `First Time for Everything'
(DBN)

Appearing Before Judge Robert Kressel? Read On . . .
(DBN)

Can a Judge Have Facebook Friends? It Depends on What State They Work In
(DBN)

Bad Date With Defendant Puts Judge on Trial; Defense Alleges Batted Eyelashes
(DBN)

'Insinuation' Hurt Right to Fair Trial, Former Judge Argues
(DBN)

San Diego Attorney Margaret Mann appointed as new Bankruptcy Judge in San Diego
(DBN)

Judges Used 'Fear Factor in Kids-for-Cash Case
(DBN)

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Wall Street:

European Stocks, US Futures Advance; Asian Stocks Fluctuate
(DBN)

Wall Street breaks win streak
(DBN)

Sentiment on S&P 500 Sinks to Five-Month Low on Debt Concern
(DBN)

Fat Cats: The $12T Banker Bonus Lesson
(DBN)

Goldman Faces Lawsuit on Pending Bonuses
(DBN)

As Goldman Thrives, Some Say an Ethos Has Faded
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

The Agony Of Unemployment
(DBN)

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Autos:

Rattner on GM, Chrysler turnaround plans: 'They were delusional'
(DBN)

Chrysler Files Plan, US Gets Nothing for TARP Loan
(DBN)

Emerging from bankruptcy, GM prepares to repay bailout loans
(DBN)

GM to Repay Loans From US, Canada by End of June
(DBN)

GM: Pay limits hinder hiring of new CEO
(DBN)

GM, Ford to End Salaried-Employee Pay Freeze on Demand Recovery
(DBN)

Why GM's Henderson Was Forced Out
(DBN)

UAW will likely nominate VP for Gettelfinger's top spot
(DBN)

No Candidate Emerging for GM's CEO Spot
(DBN)

Chrysler may need more dealership cuts
(DBN)

Auto Sales May Rise 20% in US on 'Enormous Pent-Up Demand'
(DBN)

The Car Czar's Story
(DBN)

Empty lots are reminders of Hecker's fall
(DBN)

The Car Dealer Mess
(DBN)

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Glass:

Bankruptcy Court Appoints Unsecured Creditors Committee in Arch Case; Contains Several Glass Industry Executives
(DBN)

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Nightclubs:

Prive' owners to ask judge to enforce lease agreement for new nightclub
(DBN)

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Corporate Reform:

US financial bill will not avert crises -- Pitt
(DBN)

SEC Mulls Surprise Audits for Investment Advisers
(DBN)

Ohio AG Richard Cordray: Dear Wall Street, I'm Coming For You
(DBN)

Will the SEC Get Personal? - Stung by the scuttling of its Bank of America settlement, the regulator may step up its scrutiny of individuals
(DBN)

Execs Named in Bulk of SEC Fraud Cases
(DBN)

SEC Aims Low
(DBN)

Another Loss for Uncle Sam: Judge Dismisses Broadcom Charges
(DBN)

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Hedge Funds:

Hedge Fund Advisor Sentenced in $194 Million Hedge Fund Collapse
(DBN)

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Funeral Services:

First of two judges clears way for repair of mausoleum
(DBN)

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Economy:

Fed to Strike Upbeat Note on Economy
(DBN)

Global Confidence Holds Near Record as Recovery Gains Momentum
(DBN)

Production, Producer Prices Increase
(DBN)

When U.S. Isn't Land of Opportunity
(DBN)

Bernanke Rebuffs Senator's Request For Documents
(DBN)

Moody's Misery Index ranks Spain at No. 1; Ireland gets a fourth ranking
(DBN)

Don't Be Fooled, Main Street Was Bailed Out
(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:

Homebuilder Sentiment Index Drops
(DBN)

Southern California Home Sales Rise Again
(DBN)

Buyer Demand Slips for Foreclosed Properties
(DBN)

The Fannie and Freddie show continues... and continues
(DBN)

Remaking Fannie and Freddie: Six Mistakes to Avoid
(DBN)

Israel Billionaire Leviev Mired in New York Property
(DBN)

Bank's effort to recoup AHF CDs stalls
(DBN)

Grim forecast for Delaware commercial real estate
(DBN)

Dyer Mountain project passes to third developer in 15 months
(DBN)

Court to OK mall owner's restructuring
(DBN)

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Banking:

FDIC hiring 1600 to handle bank failures
(DBN)

Banker Baiting 101
(DBN)

US bank regulators water down securitization plan
(DBN)

Sheila Bair: 'Bank Failures to Accelerate Into Next Year'
(DBN)

FDIC Boosts 2010 Budget, Staff as Bank Failures Rise
(DBN)

Wamu asks to probe Fed over collapse
(DBN)

Congress takes another look at Glass-Steagall
(DBN)

Really, They Won't Reinstitute Glass-Steagall
(DBN)

Citi's TARP Repayment: The Downside for a Troubled Bank
(DBN)

Even Without TARP, Banks Still Subsidized
(DBN)

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Credit Cards:

Capital One Delinquency Rate Up Nearly 6%
(DBN)

Banks' Card Woes Hurt Stocks
(DBN)

AmEx Card Write-offs Fall to 2009 Low
(DBN)

Card Issuers Under Pressure
(WSJ: separate paid subscription required)

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Fraud:

Federal Judge Takes Issue With SEC's Treatment of Ponzi Scheme 'Winners'
(DBN)

Rajaratnam, Chiesi Indicted for Conspiracy, Fraud
(DBN)

What About the Four in Galleon Case Not Indicted?
(DBN)

An Unwelcome Spotlight Falls on SAC Capital
(DBN)

Rajaratnam: 'I am no Madoff'
(DBN)

DiPascali's Help Contributed to Three Madoff Arrests
(DBN)

Lawyer seeks bail for Madoff's ex-finance chief
(DBN)

SEC Seeks Dismissal of Madoff Victims Negligence Suit
(DBN)

A Silver Lining To Madoff Scandal?
(DBN)

Now People Are Falsifying Madoff Memorabilia
(DBN)

Feds Arrest 30, Including Doctors, in $60M 3-State Medicare Fraud Sweep
(DBN)

Bankruptcy trustee asks for 3 months to sort things out
(DBN)

Fake Catholic priest accused of $2.7M fraud that includes Florida developers
(DBN)

Financial-crime cases fell ahead of recession
(DBN)

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Newspapers:

Newspaper Bankruptcy Ruling Could Hinge on ''Or,'' Or a Comma
(DBN)

Creditors, owners duel for Philly newspapers
(DBN)

Philadelphia Newspapers asks court for cash sale
(DBN)

Court hears credit-bid arguments in newspaper case
(DBN)

Miami Herald Asks Online Readers for Donations
(DBN)

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Retailing:

Judge OKs General Growth plan with property lenders
(DBN)

General Growth shares overvalued?
(DBN)

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Agriculture:

Neb. farmer loses appeal in elevator bankruptcy
(DBN)

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Chemicals:

LyondellBasell top brass file rival plan to RIL
(DBN)

Lyondell Battle Pits Reliance against Lenders
(DBN)

Tronox discusses deal to avoid asset auction
(DBN)

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Tools:

Tool maker Axia Inc files for Chapter 11
(DBN)

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Sports:

Getting Ahead of Yourself: New Chicago Rush owners fumble the news
(DBN)

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Gambling:

US approves Icahn buy of Tropicana
(DBN)

Fontainebleau judge denies request for $1 million in bonuses
(DBN)

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Building Materials:

Gunite's parent files bankruptcy
(DBN)

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Bankruptcy Crimes:

Bankruptcy Attorney Indicted for Bankruptcy Fraud
(DBN)

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Radio:

Radio struggles to maintain its listeners, revenues
(DBN)

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Food/Drink:

Economy taking toll on restaurant franchisees
(DBN)

Charlesbank puts another restaurant chain up for auction
(DBN)

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Distressed Investing:

Distressed Debt? That's So-oooo Q2 2009
(DBN)

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Celebs:

Why Celebrities Go Broke?
(DBN)

______________

M&A:

Weil Gotshal's Radin on CEOs negotiating M&A
(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)

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Bankruptcy Music:

Bankruptcy Bill
(DBN)

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Retailing:

Best Buy's shares drop as sales come at a price
(DBN)

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Compensation:

SEC to Require Broader Disclosure on Executive Pay
(DBN)

Are Morgan and Goldman Immune to Pay Reforms?
(DBN)

Goodbye Golden Parachute
(DBN)

______________

Aviation:

Up Next: A Bailout For Airlines?
(DBN)

Airlines weather storm but face turbulent 2010: IATA
(DBN)

Airlines in Deeper Trouble than Forecast
(DBN)

Airlines expected to lose $5.6 billion in 2010
(DBN)

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Entertainment:

Image Entertainment says may file for bankruptcy
(DBN)

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Education:

Mass. ex-gov: Grudge led to Ky. college bankruptcy
(DBN)

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Trucking:

YRC Debt Swap Faces Resistance From Creditors With Derivatives
(DBN)

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Oil/Gas:

Bankruptcy plan OK'd for natural-gas developer
(DBN)

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Ethanol:

Bankruptcy court oks Pacific Ethanol plant reopening
(DBN)

Valero will buy Wisconsin ethanol plants
(DBN)

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Health Care:

St. Francis seeks to retake sold Oahu hospitals
(DBN)

Physicians declare victory in hospital district vote
(DBN)

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Resorts:

Creditors seek to force Tamarack into bankruptcy
(DBN)

Friar Tuck bid fails
(DBN)

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Finance:

Fitch withdraws CIT Group ratings
(DBN)

The Beginning Of The End Of Free Money
(DBN)

New Signs of Life for Collateralized Loans
(DBN)

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Lehman:

Lehman Unit Failed to Isolate Vast Sum of Client Cash
(DBN)

Judge attacks Lehman for rules breach
(DBN)

Lehman was a bad call the UAE avoided
(DBN)

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Accounting:

PwC executive director Shah quits; more exits likely
(DBN)

Revenues fall at KPMG UK and European parent
(DBN)

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Private Equity:

Ames Taping Tools Filing for Prepackaged Bankruptcy
(DBN)

______________

Hockey:

Cox: All eyes on Coyote troubles at NHL governors meeting
(DBN)

NHL owners not on hook for Coyotes losses
(DBN)

______________

Hotels:

Roaring Fork Lodge in Glenwood Springs files for Chapter 11 protection
(DBN)

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Municipalities:

New Orleans leaves the cellar - Crescent City no longer worst city; San Joaquin, Rust Belt in bottom 10
(DBN)

Moody's: Public Debt Risk Rising
(DBN)

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UK:

RBS to draft new bonus plan for chief executive
(DBN)

Borders In Sale Negotiations
(DBN)

U.K. Wants Investment Banks to Plan for Return of Client Money
(DBN)

U.K. Unemployment Falls for First Time Since 2008
(DBN)

______________

EU:

Bank Collapse in Austria Brings Debt in Eastern Europe Center Stage
(DBN)

Europe Manufacturing, Services Expansion Accelerates
(DBN)

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Middle East:

New bankruptcy law to be announced in the UAE within months
(DBN)

Dubai's $10 bln cash came through bond sale
(DBN)

Meeting of creditors is next test for Dubai World
(DBN)

Creditors likely to agree Dubai World standstill
(DBN)

Evans, head of Dubai financial tribunal, a sharp 'legal brain
(DBN)

International Banking Corp. seeks bankruptcy in US
(DBN)

Abu Dhabi Fund Seeks to End Citigroup Share Purchase
(DBN)

Citi's Dubai Mistake: A Sign of More Bad Things to Come?
(DBN)

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Austria:

Austria probes near-demise of Hypo Alpe Adria
(DBN)

______________

Canada:

Bankruptcies plunge at record pace
(DBN)

Is housing really that frothy? Consumer bankruptcies ease
(DBN)

Creaking pension system is failing Canadians
(DBN)

Alleged Ponzi scheme built on trust, goodwill
(DBN)

______________

Greece:

Greek bailout not under discussion, markets suffer
(DBN)

Markets cast doubt on Greek crisis plan
(DBN)

______________

China:

Debtors could face jail time
(DBN)

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