December 18, 2009

The Daily Bankruptcy News

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Law:

Multimillion Dollar Fee Requests Have Some Questioning Big Bankruptcy Bills
(DBN)

Kelley Drye Set to Abandon Lockstep Pay System
(DBN)

Brian Moynihan: From Edwards & Angell to the Top of BofA
(DBN)

Mayer Brown leads on GM sale of Saab assets to Chinese company
(DBN)

Weil, Squire Sanders, Wachtell, and O’Melveny on $2.4 Billion Cedar Fair-Apollo Deal
(DBN)

Foley, Farella Defending Latest Batch of Insider-Trading Defendants
(DBN)

Baker & McKenzie wins injunction against BA strike action
(DBN)

What Happens in Vegas: Ten Am Law Firms on Year's Craziest Bankruptcy
(DBN)

Most—But Not All—Deferred Associates Still Starting in January
(DBN)

Nationwide Start Date Round-Up: Who’s making contact in 2010?
(DBN)

The 12 Layoffs of Christmas: Ax-Prone BigLaw Firm at It Again
(DBN)

Associate Bonus Watch: Sidley Austin
(DBN)

Mayer Brown to Cut Partners and Associates in London
(DBN)

Seyfarth Shaw Mystery Meeting Follow Up: Another Firm Moves to Kill Lockstep
(DBN)

Associate Bonus Watch: Stroock Strokes Associates With Cravath Bonus
(DBN)

Why Did John O’Brien Leave Sullivan & Cromwell?
(DBN)

GCs Working Harder but Pay Has Flattened, Experts Say
(DBN)

Bank of America’s 44-Day GC Gets Chief Executive Job
(DBN)

Kin Draws Small Firm Lawyer Into High-Profile Supreme Court Privilege Case
(DBN)

The Bear Stearns Deal: What the Top Lawyer Knew ... and When
(DBN)

Rothstein Faces New Malpractice Suit; Auction at Replica Law Office Planned
(DBN)
d

Law Firm Trades Library for Xmas Shop, Employs All Hands on Sales Floor
(DBN)

San Francisco, Seattle Have Greatest Percentage of Part-Time Lawyers
(DBN)

Lawyers of the Year 2009
(DBN)

Lessons from Goldman Sachs
(DBN)

Investigators: Grandmother Pulled Trigger in Howrey Associate Slaying
(DBN)

Police Theorize Howrey Associate Was Willing Participant in Murder-Suicide
(DBN)

Prominent Attorney Gets 3-Year Suspension for 'Outrageous Conduct'
(DBN)

Man Exonerated After 35 Years
(DBN)

'Will Work For Carbon Credits!' says Florida Lawyer
(DBN)

At Houston’s Bayless & Stokes, It’s Christmas All Year Long
(DBN)

Ethical Dimensions of the New Federal Rules on Discovery
(DBN)

9th Circuit Ready for Trial Court Close-ups
(DBN)

Applying to Law School? Please Reconsider!
(DBN)

Lawyers work as they wee
(DBN)

Clifford Chance partner in bizarre Santa Claus email
(DBN)

Crime Counter
(DBN)

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Judges:

Judge survives a vampire attack
(DBN)

Judges Say NYC's Top Lawyer Insulted Them
(DBN)

Judge Rises to the Challenge in Tavern Trademark Case
(DBN)

Federal Circuit Again Rebukes an Eastern District of Texas Judge for Refusing to Transfer Case
(DBN)

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Wall Street:

US Stock-Index Futures Gain
(DBN)

Asian Stocks Fall on Concern Banks Need More Capital
(DBN)

Stocks Fall as Dollar Gains, FedEx Disappoints
(DBN)

Soul-searching a Goldman Sachs
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Initial Jobless Claims in US Unexpectedly Increase
(DBN)

House approves $155 billion for jobs
(DBN)

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Autos:

General Motors IPO likely by July 2010: US official
(DBN)

Obama auto team irons out plans for the future of Chrysler, GM
(DBN)

Chrysler Considers Challenge to Dealer Legislation
(DBN)

Chrysler’s Old Carco Has to March 31 to Win Support
(DBN)

Marchionne takes risky way
(DBN)

GM representative unable to explain rationale for company's franchise wind-down policies
(DBN)

Bankruptcy court saves Ssangyong Motor's skin
(DBN)

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Fraud:

Madoff claims to be redone if court balks at method
(DBN)

Madoff Liquidator Picard Wins $22 Million in Fees
(DBN)

Judge Sets January 2011 Trial in Stanford Case
(DBN)

Allen Stanford, Now Thinner and Hairier, To Stand Trial in 2011
(DBN)

The Magic of RICO
(DBN)

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Boating:

Bankrupt boat maker Genmar sells marina for $3 million
(DBN)

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Aviation:

Delta leads in bidding war for stake in JAL
(DBN)

Latest Airport Hassle: Carousel Crooks
(DBN)

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Biotech:

deCODE Scientists Make Big Discovery Amid Bankruptcy
(DBN)

Acu-Gen Biolab files for Ch. 11 bankruptcy
(DBN)

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Software:

Dynetech Corp.: Bankruptcy creditors angry as Laurence J. Pino acquires $1.85 million mansion
(DBN)

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Economy:

Senate panel backs Bernanke for second term
(DBN)

Leading indicators rise for 8th straight month
(DBN)

Philadelphia Factory Index Rises to Four-Year High
(DBN)

Greenspan warns on looming fiscal crisis
(DBN)

Greenspan: Commission to Shrink the Deficit Is 'Excellent Idea'
(DBN)

The Watchdog: Elizabeth Warren
(DBN)

Warren named Bostonian of the Year
(DBN)

Warren: Feminomics - Women and Bankruptcy
(DBN)

Harvard’s Feldstein Says U.S. Economy Still Mired in Recession
(DBN)

Unemployment claims rise unexpectedly
(DBN)

U.S. Focuses on Winding Down AIG, Auto Assistance
(DBN)

Two-thirds of Folks Who Received Stimulus Checks Never Spent Them
(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:

Pay the Mortgage or Walk Away?
(DBN)

Foreclosure Backlog Estimated at 1.7M
(DBN)

Owners Making Agreed Loan Payments Can Lose Their Homes Without Notice
(DBN)

General Growth Bankruptcy: Real Estate's Foundations are Shaking
(DBN)

Morgan Stanley to Surrender 5 San Francisco Towers
(DBN)

Homebuilding Looks Stable for First Time Since 2006
(DBN)

Home prices increase in Bay Area, SoCal
(DBN)

More Borrowers Drawn to 15-Year Mortgage
(DBN)

Lenders to Get Miami Condo Complex
(DBN)

Creditors question Seven Falls developer
(DBN)

Home Builders Association Files For Bankruptcy
(DBN)

Attorneys Charged With Mortgage Fraud
(DBN)

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Newspapers:

Death of Newspapers Foretold
(DBN)

NY Times Lays Off 18 Workers in Newsroom Cutbacks
(DBN)

Newspapers, radio had a really bad 2008
(DBN)

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Banking:

Obama vs. the Banks
(DBN)

The surprising reason why banks are suddenly repaying their TARP funds
(DBN)

Moynihan, Lewis rally the troops at BofA
(DBN)

Moynihan Rises to Top Spot at BofA After Four Jobs in One Year
(DBN)

US Treasury eyes maximum price for Citigroup shares
(DBN)

Citigroup Shares Decline After US Treasury Delays Stake Sale
(DBN)

The Citigroup debacle
(DBN)

How the Citi stock offering flopped
(DBN)

Wells Fargo Faces Federal Probe
(DBN)

Credit Suisse, Other Banks, Get Hit for Playing Ball With Rogues
(DBN)

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Building Materials:

Roper Brothers files for bankruptcy protection
(DBN)

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Television:

Cyrus says appeals court stays ION's Ch 11 exit plan
(DBN)

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Bankruptcy Crimes:

Low rate of bankruptcy fraud prosecutions attracting attention
(DBN)

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Trucking:

Bad news for YRC Worldwide
(DBN)

Teamsters plead YRC's case to reticent bondholders
(DBN)

Teamsters Taking Goldman At Its Word On YRC Debt Swap
(DBN)

YRC Issues Low Liquidity Warning
(DBN)

YRC Has Until Yearend to Corral Bondholders, Avert Bankruptcy
(DBN)

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Derivatives:

Industry report casts doubt on CDS link to bankruptcy process
(DBN)

Harvard Swaps Are So Toxic Even Summers Won’t Explain
(DBN)

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Compensation:

Pay Czar Feinberg Makes Waves In Lehman Case
(DBN)

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Theme Parks:

Amusement Park Sale Throws Industry for a Loop
(DBN)

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Corporate Reform:

Not Charged, But Not Off the Hook, a Private Equity Banker Waits
(DBN)

Feds Want Former McKesson HBOC Chairman Taken Into Custody
(DBN)

Stalling on Sarbox
(DBN)

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Agriculture:

Lenders Work With Hog Producers To Avoid Farm Closures
(DBN)

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Discharge:

1st Circuit: Employment Discrimination Claim Is Dischargeable in Bankruptcy
(DBN)

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Credit Cards:

Discover Financial 4Q Profit Slips, Bad Loans Rise
(DBN)

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Religion:

Diocese bankruptcy judge unseals victim settlement
(DBN)

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Municipalities:

California's population grows by less than 1%
(DBN)

Potholes and bankruptcy : Borrowing money for operating costs
(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 Humor:

Bankruptcy Bill
(DBN)

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Morality:

Is Walking Away From Your Mortgage Immoral?
(DBN)

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Litigation:

Trustee Says Exec 'Pilfered' $31 Million
(DBN)

Trustee suit: Texas firm looted Bruno's
(DBN)

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Retailing:

General Growth Considering 'Indications of Interest'
(DBN)

Pier 1 surprises with profit, sees better margins - Substantially all holiday items still at full price
(DBN)

Joffco Square Retail Center Seeks Ch. 11 Bankruptcy Reorganization
(DBN)

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Consultants:

Epiq Systems' bankruptcy business hits record high
(DBN)

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Health Care:

Rx for those bankrupted by medical crisis
(DBN)

Health Care Without Bankruptcy, Please
(DBN)

Bam: Bankruptcy if health bill fails
(DBN)

Choctaw County hospital closes
(DBN)

Creditors ask to postpone St. Mary's reorganization
(DBN)

Hackensack hospital seeks extension of Pascack license
(DBN)

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Gambling:

Nev. casino regulators OK new owners for 6 casinos
(DBN)

The Daily Docket: Boyd Bids For Station Casinos
(DBN)

Twin River Files A Bankruptcy Reorganization Plan
(DBN)

Nearing Collapse, OTB Seeks Help
(DBN)

Sahara Hotel & Casino Darkens 2 Towers
(DBN)

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Debt Collection:

When Good Customers Become Bad Bill Payers
(DBN)

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Finance:

Small Business Credit Cards Now Carry Sizeable Risk
(DBN)

House, With a Surprise Objection, Extends S.B.A. Stimulus Provisions
(DBN)

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Private Equity:

True Temper Sports putts its way out of Ch. 11
(DBN)

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Insurance:

Hartford’s Business Model ‘Does Not Make Sense,’ Bernstein Says
(DBN)

State Closes Insolvent Hawaii Insurance Company
(DBN)

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Lehman:

Ex-Lehman Brothers staff to share $50m bonus bonanza
(DBN)

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Pharma:

Vion Pharmaceuticals Files Bankruptcy After FDA Rejects Drug
(DBN)

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Accounting:

Ernst & Young to pay $8.5 mln to settle SEC charges
(DBN)

Is Fair Value Accounting Fair?
(DBN)

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Chemicals:

Chemtura sees exit from bankruptcy in summer 2010
(DBN)

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UK:

Insolvency profession under the spotlight
(DBN)

Stockport County administrators defend fees
(DBN)

Accountant faces probe over Equitable
(DBN)

RBS Cash Buys ‘Two Pints of Beer, Packet of Crisps’
(DBN)

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EU:

Recession anger sparks strikes in Europe
(DBN)

______________

Canada:

Canada warns of the housing boom it fostered
(DBN)

Union seeks fund for bankrupt companies
(DBN)

______________

Germany:

German Business Confidence Rises to 17-Month High
(DBN)

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Ireland:

Bishop Resigns in Irish Abuse Scandal
(DBN)

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Greece:

Greece Worries Continue to Weigh
(DBN)

Embattled Greece to overhaul tax system
(DBN)

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Middle East:d

Lawyers warn that insolvency tribunal may go against treaties
(DBN)

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Poland:

Poles go deeper into debt
(DBN)

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France:

Thomson SA files for US bankruptcy protection
(DBN)

______________

Hong Kong:

HK bankruptcies fall in Nov for first time in 15 months
(DBN)

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