December 17, 2009

The Daily Bankruptcy News

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Law:

See The Bankruptcy Attorneys Breaking The $1000 Per Hour Barrier
(DBN)

Chicago bankruptcy lawyers charge more than $900 an hour
(DBN)

Dewey Matches Market for Bonuses, Keeps Lockstep
(DBN)

Weil Gotshal’s Boston Holiday Party Was in the Conference Room
(DBN)

Big Law's Small-Budget Holidays
(DBN)

How in-house lawyers and outside counsel from around the world dismantled Nortel.
(DBN)

McKool Smith Expanding National Bankruptcy Practice
(DBN)

Challenge to $40 Million Contingency Fee Now in Referee's Hands
(DBN)

Harris Beach Names New Bankruptcy Partner
(DBN)

Rothstein's Former Clients Sue Over Defamatory Web Site
(DBN)

Associate Bonus Watch: Simpson Shares the Wealth with Public Service Fellows
(DBN)

Tales of the Deferred: Will Other Firms Follow Nixon Peabody?
(DBN)

Awkward or Not, Go to the Holiday Party, Recruiter Advises Laid-Off Associates
(DBN)

McDermott's Lanny Davis Sticks Up For Partner, Ex-Mass Gov. Weld
(DBN)

Staffing the Law Firm of the Future
(DBN)

Remember WaMu?
(DBN)

Billionaire Stanford & His Lawyers Held in Contempt Over Legal Fees Suit
(DBN)

As Boston-Based Firms Grow Globally, US Competitors Expand in Beantown
(DBN)

Partnership Expert Faces Malpractice Suit
(DBN)

Malpractice? What Malpractice?: BigLaw Firm Fires Back in LeNature Suit
(DBN)

Bad Holiday News for About 2/3 of Nixon Peabody’s Deferred Associates
(DBN)

WolfBlock Alums Gather for Party; About 1/3 Are Jobless or Underemployed
(DBN)

Class action firm sanctioned over solicitation of workers for overtime suit
(DBN)

Best. Motion to Continue. Ever.
(DBN)

Sanctions Imposed for Wiping BlackBerrys
(DBN)

Houston Associate, Family Members Found Dead in Apparent Murder-Suicide
(DBN)

Ex-Wife Goes After Deep Pockets
(DBN)

BigLaw Parties Hardly for the Holidays
(DBN)

Year-End Lists: Lawyers Behaving Badly
(DBN)

Foreign Law Firms Can’t Open in India, Mumbai High Court Rules
(DBN)

Say What?!
(DBN)

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Judges:

Ninth Circuit Names Bankruptcy Judge
(DBN)

Judge Kevin Moriarty Did Not Beat the Honorable Gavel
(DBN)

Judge Cormac Carney: The Left Coast's Jed Rakoff?
(DBN)

Judge Carney's Dramatic Dismissal of the Broadcom Backdating Criminal Case
(DBN)

Former Justice O'Connor leads push to end judicial elections
(DBN)

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Wall Street:

US stock futures point to weaker start for Wall St
(DBN)

US Stocks Erase Gain as Bond Yields Rise on Inflation Concern
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Detroit's Unemployment Nears 50%
(DBN)

Unemployment taxes may double or even triple in 2010
(DBN)

Finance Layoffs & Hirings: Deutsche Bank and more
(DBN)

Finance Job-Seekers Said to Be Open to Pay Cuts
(DBN)

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Banking:

FDIC Said to Bar Subprime Executive From Work on Failed Banks
(DBN)

Treasury Report: Bank Lending Down Again
(DBN)

Treasury Backs Out of Plans to Sell Citi Stake
(DBN)

Prodding Banks Without a Stick
(DBN)

Two bills in Congress restore Glass-Steagall
(DBN)

Is a WaMu-JPMorgan Settlement Possible?
(DBN)

Bailout banks keep tax breaks as they repay loans
(DBN)

Citi's $38 Billion Tax Break Fiasco
(DBN)

Credit Suisse's Rogue Banking
(DBN)

Bank of America Names Moynihan CEO, Replacing Lewis
(DBN)

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Derivatives:

Roe in Financial Times: End bankruptcy priority for derivatives, repos and swaps
(DBN)

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Education:

Lawsuit Traces Bankruptcy to Vendetta
(DBN)

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Building Materials:

Jones Stephens files for bankruptcy protection
(DBN)

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Museums:

Fresno Metropolitan Museum Nears Bankruptcy
(DBN)

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Gambling:

RI slot parlor files reorganization plan
(DBN)

Boyd Offers $2.45 Billion in Cash, Debt for Station
(DBN)

Next step after tribe's default not yet certain
(DBN)

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Food/Drink:

New York Supermarket Chain Bids for P&C Stores
(DBN)

Tavern on the Green prepares for auction
(DBN)

Merisant Plan of Reorganization Approved
(DBN)

Westgate Mall sues Brigham's
(DBN)

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Aviation:

Teamsters Urge Bankruptcy Reform to Protect Airline Workers
(DBN)

American Could Top Up USD$1.1 Bln JAL Offer
(DBN)

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Economy:

Obama considering executive order as way to stave off bankruptcy
(DBN)

Limit on federal borrowing may hit $290 billion
(DBN)

Fed Will Hold Down Rates, Citing Tenuous Recovery
(DBN)

US Senator Vows to Block Bernanke's Second Term as Fed Chief
(DBN)

Time's Person of the Year 2009: Federal Reserve Chair Ben Bernanke
(DBN)

Ben Bernanke is Time's Person of the Year. Is he doomed?
(DBN)

Fasten Your Seatbelts: The Great Central Bank Exit
(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:

US mortgage delinquencies at new high
(DBN)

Housing Starts Rise Less Than Expected
(DBN)

Housing Starts Surge in November
(DBN)

Who is to blame for the mortgage modification mess?
(DBN)

BofA to Focus on Sense of Urgency in Converting HAMP Mods
(DBN)

Citi to Suspend Foreclosures for 30 Days
(DBN)

4 Big Mortgage Backers Swim in Ocean of Debt
(DBN)

Financial Rules Bill Permits Commercial-Mortgage Debt Loophole
(DBN)

Brookside Tampa seeks bankruptcy
(DBN)

TOUSA bidding process, breakup fee approved
(DBN)

Loan modification, bankruptcy can complicate each other
(DBN)

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Celebs:

Person of the Year: Elizabeth Warren?
(DBN)

Inn Trouble: Randy Quaid and Wife Miss Court Date on Hotel Debt, Forfeit Bail and Are Felony Fugitives
(DBN)

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Fraud:

Hedge fund king Cohen's ex says he engaged in insider trading
(DBN)

Rajaratnam, Chiesi, court showdown looms
(DBN)

Galleon Witness Khan Appears in N.Y. Court, Judge Accepts Plea
(DBN)

Galleon Witness Khan Appears in NY Court in Plea
(DBN)

Former Lazard Banker Accused of Insider Trading
(DBN)

The Stanford Saga: Three Questions About Recognition
(DBN)

Bankruptcy fraud prosecutions down
(DBN)

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Bankruptcy Crimes:

Prosecution Drop May Embolden Bankruptcy Fraud as Filings Surge
(DBN)

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Trucking:

Goldman Sachs Accused by Teamsters of Driving YRC Toward Ruin
(DBN)

YRC Worldwide extends offer deadline again
(DBN)

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Golf:

Woodcrest Club details plan to emerge from bankruptcy
(DBN)

Time for the rescue club
(DBN)

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Funeral Services:

96 Boxes Of Cremated Remains Found In Storage Unit
(DBN)

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Brokerages:

CFTC Proposes To Let Trustees Operate Bankrupt Broker Accounts
(WSJ: separate paid subscription required)

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Hockey:

Coyotes captain defends Gretzky
(DBN)

Ice Edge partners laughing all the way to the bank?
(DBN)

Red ink pours unchecked from Coyotes
(DBN)

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Retailing:

Why The Bear Case On General Growth Properties Is Totally Wrong
(DBN)

Century Plaza future unclear as owner restructures $10.25B in debt
(DBN)

4 Stocks Enjoying Their Last Christmas?
(DBN)

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Distressed Investing:

Converting carnage into value
(DBN)

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Compensation:

Executive Compensation at a Turning Point
(DBN)

Bank Bonuses: The 'Fat Cats' Try to Look Slimmer
(DBN)

French Tax Bonuses 50%, Will US Follow?
(DBN)

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Theme Parks:

Apollo to buy amusement park operator Cedar Fair
(DBN)

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Health Care:

Judge rejects plan to throw out Sunwest bankruptcy case
(DBN)

'Cadillac Tax' in Health Plan Would Hit Middle Class Hard
(DBN)

President Obama Predicts U.S. Bankruptcy Without Health Care Bill
(DBN)

Forceful Lobbying Push Helped Kill Medicare Buy-in Plan
(DBN)

House passes COBRA subsidy extension bill
(DBN)

CMS: Proposed Medicare cuts could be disastrous to hospitals
(DBN)

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Accounting:

Ernst & Young firm cleared in Frontier case
(DBN)

Satyam's Internal Auditor: All Roar, No Bite
(DBN)

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Credit Cards:

When Credit Card Rates Hit the Roof, It's Time to Bust Out the Scissors
(DBN)

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Mining:

Golden Hill Ventures tumbles into receivership
(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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Morality:

Heroes of the Credit Markets, Third Class
(DBN)

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Bankruptcy Reform:

Airline unions ask House panel for changes in bankruptcy law
(DBN)

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Bankruptcy Music:

A Bankruptcy Riff on Christmas Songs
(DBN)

"Debt-Free Girl"
(DBN)

"A Bankruptcy Wife's Lament"
(DBN)

"Debts in Wrong Places"
(DBN)

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Lehman:

Judge says Lehman can pump $100 million into bank unit
(DBN)

Lehman Bankruptcy Judge Approves $50 Million Bonuses
(DBN)

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Intellectual Property:

Treatment of IP Licenses in Bankruptcy
(DBN)

______________

Aviation:

Scot airline Flyglobespan to file for bankruptcy
(DBN)

Passengers stranded after airline goes bust
(DBN)

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Mass Torts:

Los Angeles jury rejects $26 million asbestos suit
(DBN)

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Finance:

The strange dance of big banks and small business
(DBN)

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Autos:

Creditors in Visteon case allege unfair business model for Visteon
(DBN)

Visteon Creditors May Sue Ford
(DBN)

The UAW: Detroit's New Management Bad Guys
(DBN)

Obama eligibility lawyers represent Chrysler dealers
(DBN)

Denny Hecker could face ' bankruptcy hell'
(DBN)

Former Hecker lieutenant must testify, judge says
(DBN)

Car dealers will learn to do more with less
(DBN)

Wagoner's ouster shocks GM; task force readies bankruptcy
(DBN)

Delphi Retirees 'Optimistic' Bill Will Pass
(DBN)

Troubled Ssangyong Motor Avoids Liquidation
(DBN)

______________

Insurance:

JG Wentworth raises $84M in financing
(DBN)

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Corporate Reform:

SEC Just Now Seeking Key Information On Meltdown
(DBN)

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Corporate Governance:

Best-Paid U.S. Corporate Boards
(DBN)

S.E.C. Cracks Down on How Firms Are Governed
(DBN)

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Hotels:

Court examiner gives Artisan Hotel report
(DBN)

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Software:

Ch. 11 Trustee Cahn Opposes SUSE's Motion to Lift Stay
(DBN)

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Municipalities:

Judge denies Prichard pensioners' request to move ahead with lawsuit
(DBN)

California Bonds Fail on Advice Bill Lockyer Couldn't Refuse
(DBN)

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RVs:

Tucson's Beaudry RV cuts 51 people
(DBN)

______________

Biotech:

Bankruptcy court OKs Hawaii Biotech spending plan
(DBN)

Hawaii Biotech ousts dissident board member
(DBN)

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Tax:

First Appeals Filed in UBS Tax Case
(DBN)

______________

Movies:

Did Jennifer Aniston and Liam Neeson sink a distributor?
(DBN)

______________

UK:

UK retail sales in surprise fall
(DBN)

Borders faces Christmas closure
(DBN)

Time to pay arrangements 'winding down'
(DBN)

______________

Canada:

Goldman Sachs Fails to Reverse Transfer of Canwest TV Assets
(DBN)

Quality footwear retailer Dack's slips in to bankruptcy ; closing last 6 stores
(DBN)

Canada: From Depression to Bubble of Bubbles
(DBN)

______________

Greece:

S&P cuts Greece as it eyes return to bond markets
(DBN)

______________

Middle East:

Dubai debt crisis will force more transparency
(DBN)

Dubai's Abu Dhabi $10 Billion Bailout Good News--For Now
(DBN)

______________

Italy:

US Deal-Making in the Downturn: Alternative Acquisition Strategies for Italian Buyers
(DBN)

______________

 

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