December 2, 2009

The Daily Bankruptcy News

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Law:

High Court Considers Restrictions on Attorneys Giving Bankruptcy Advice
(DBN)

Oral Argument at the Supreme Court
(DBN)

Federal Law Limiting Legal Advice Draws Particular Interest at the Supreme Court
(DBN)

High Court Hears Student Loan Bankruptcy Case
(DBN)

40% of Firms Cut Starting Associate Pay, While 44% Consider 2010 Cut
(DBN)

Patton Boggs Mystery Meeting
(DBN)

Faegre & Benson Layoff Update: Firm Denies, Associates Disagree
(DBN)

Bonuses at Law Firms Not Guaranteed in 2009
(DBN)

Top-earning Linklaters partner took home £2.5m for last financial year
(DBN)

Billing Rates Projected to Increase 3.2% in 2010
(DBN)

Good News for 2Ls: Some Law Firms Interviewing Again
(DBN)

Advice for Job-Seeking Lawyers: Cast a Wide Net, Don’t Vent
(DBN)

It Could Get Awkward at Seyfarth
(DBN)

Lawsuit of the Day: Lancaster v. Seyfarth Shaw Partners told to ‘hustle for cash,’ congratulated for ‘prying cash out of clients’ hands.’
(DBN)

Weil Names New Bankruptcy Partner
(DBN)

Milbank Names Two New Bankruptcy Partners
(DBN)

Kirkland Leads Charter Out of Bankruptcy
(DBN)

It's Sunny for Philadelphia's Legal Market, Survey Shows
(DBN)

Sidley Austin Pushes Into Silicon Valley With Lateral Hires
(DBN)

Lawyer Rothstein Charged With Running Ponzi Scheme
(DBN)

Lawyer's Alleged Fraud a Case of 'Greed Run Amok,' Says Prosecutor
(DBN)

Rothstein's mob image questioned
(DBN)

DynCorp Lawyer's Firing Makes Waves
(DBN)

Ethics Opinion Requires Disclosure on Ghostwritten Pleadings
(DBN)

Terror by Trial Lawyer
(DBN)

Federal Judge Releases Written Opinion on 'Red Flags Rule'
(DBN)

The Harvard Law Financial Aid Situation (With Emails)
(DBN)

Adventures in Lawyer Advertising: Muscle, Talent, Results, and Terrible Acting
(DBN)

Lawyer Sanctioned Over Alleged 'Couch of Restitution'
(DBN)

Say What?!
(DBN)

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Judges:

Inside the High Court: Sotomayor Collides With Ginsburg During Questioning
(DBN)

Lawyer Ponies Up Charity Money In Lieu Of Contempt Finding for Using Profanity in Court
(DBN)

Federal judges to take stand in trial of New Jersey shock jock Harold (Hal)Turner
(DBN)

No Saint: Impeachment Charges Begin for N.O. Federal Judge
(DBN)

Judge to rule on bull killing ritual
(DBN)

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Wall Street:

US Stock-Index Futures Are Little Changed
(DBN)

Stocks Rise Worldwide as Dubai Concern Wanes, China Expands; Dollar Drops
(DBN)

High-frequency trading surges across the globe
(DBN)

Handguns and Historical Revisionism at Goldman?
(DBN)

King me, BlackRock boss says
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Finance layoffs and hirings: Canopy, Cowen and more
(DBN)

Corporate America to workers: We're not hiring, you'll just have to work harder
(DBN)

Job Cuts Loom as Stimulus Fades
(WSJ: separate paid subscription required)

US May Raise Rates Before Jobs Recovery
(DBN)

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Autos:

Auto sales limp towards end of rough year
(DBN)

More Consumers Late on Auto Loans in 3Q
(DBN)

GM's US sales fall 2.2 percent in November
(DBN)

Henderson Said to Flunk Board's 100-Day Review on Fixing General Motors
(DBN)

GM CEO Henderson Resigns After 8 Months
(DBN)

The Brief Wondrous Life of Fritz Henderson
(DBN)

It's Whitacre's GM now
(DBN)

GM CEO Henderson forced out; Whitacre takes over -- for now
(DBN)

GM rocked by CEO Fritz Henderson's speedy exit
(DBN)

Chrysler sales tumble in mixed November for automakers
(DBN)

Chrysler Ends U.S. Soccer Sponsorship
(DBN)

Drop in Ford Truck Sales Offsets Increase for Cars
(DBN)

Kildee gets his wish: congressional hearing Wednesday on Delphi bankruptcy
(DBN)

Dutch luxury car maker Spyker interested in Saab
(DBN)

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Media:

Let Them Fail, Says Murdoch
(DBN)

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Banking:

Big Risks to U.S. Bank Stocks Exist, Citi Says
(DBN)

Wells Fargo to close 122 California branches: report
(DBN)

AmTrust Financial Files for Bankruptcy in Cleveland
(DBN)

WaMu Is Gone, but the Parent Is Fighting On
(WSJ: separate paid subscription required)

US Treasury To Sell Capital One Financial Warrants
(DBN)

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Derivatives:

Thomson Default Swaps Triggered by Bankruptcy Event
(DBN)

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Enron:

Utilities get $9 million from Enron scandal
(DBN)

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Economy:

Fed's Plosser: Timely withdrawal of stimulus crucial
(DBN)

Fed banks worried in November that recovery was shaky
(DBN)

Fed's Plosser calls for higher interest rates
(DBN)

Bernanke Backed By Bank Panel Senators After `Far From Perfect' First Term
(DBN)

Housing, Factory Activity Picks up
(DBN)

US Manufacturing Slows in November
(DBN)

Summers Disputes Pimco’s ‘New Normal’ of Slow Economic Growth
(DBN)

Treasury Nominee Miller Stands to Receive $15 Million on T. Rowe Options
(DBN)

NY Fed Takes Stakes in 2 AIG Units
(DBN)

4 Economic Moves Washington Got Right
(DBN)

Survey: Rural Midwest Still in Recession
(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:

Home sales contracts soar in October
(DBN)

Junk mortgages: It just gets worse
(DBN)

Pending home sales highest in 3-1/2 years
(DBN)

CMBS Delinquencies Grow 504% since '08
(DBN)

$1trn in Commercial Real Estate Equity Lost, Say Analysts
(DBN)

A King of Real Estate, Fallen on Harder Times
(DBN)

Bank of America Has "Good Excuse" for Not Offering Mortgage Modifications; HAMP a Spectacular Failure
(DBN)

Prospective Statler buyers need more time to close purchase deal
(DBN)

The Difference Between Businessmen and Homeowners
(DBN)

PA Borrower Sues to Have Toll Brothers Mortgage Voided
(DBN)

Short Sale Incentives Coming in 2010, Treasury Says
(DBN)

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Newspapers:

Tribune's Payouts To Lenders' Lawyers No Secret Anymore
(DBN)

Judge gives Tribune more time for bankruptcy plan
(DBN)

Greenspun Media Lays Off Staff, Reorganizes Units
(DBN)

New Round of Cutbacks Coming at Gannett Newspapers
(DBN)

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Insurance:

D&O Insurance: Recent Rulings Relevant to Subprime Claims
(DBN)

AIG completes deal to reduce debt to Federal Reserve
(DBN)

AIG’s ‘Tainted Brand’ in U.K. Damages Life Unit Before Sale
(DBN)

If AIG is Solvent, Why Can't They Pay Us Back?
(DBN)

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Biotech:

Vermillion Awaits Decision by Bankruptcy Court After Filing Chapter 11 Reorganization Plan
(DBN)

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Fraud:

Treasury Said To Have Seized Firm's Bonus Pool
(DBN)

Madoff London Employees Said to Avoid Facing U.K. Fraud Charges
(DBN)

A year later in New York, it's Madoff as cabaret
(DBN)

Florida Lawyer Is Charged in Fraud Case
(DBN)

Minneapolis Man Ran Fake Hedge Fund
(DBN)

Jury Deliberates 4th Day in Petters Fraud Trial
(DBN)

Palm Beach Finance Files Bankruptcy on Petters Loss
(DBN)

SEC Sends Subpoenas To More Companies In Insider-trading Probe
(DBN)

Swindler's atty: He's not like Madoff
(DBN)

Judge tosses some charges in Stanford shred case
(DBN)

Senators aim to put squeeze on Antigua over Stanford assets
(DBN)

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Celebs:

A look at 'White House crasher's' bankruptcy records: $80,000 in credit card debt
(DBN)

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Religion:

Creditors In Del. Diocese Bankruptcy Meet
(DBN)

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Health Care:

CCS Medical Wins Approval from Bankruptcy Court for Its Chapter 11 Asset Sale
(DBN)

More uninsured likely as COBRA subsidy expires
(DBN)

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Oil/Gas:

Rancher Energy Signs Memorandum of Understanding to Attract New Capital
(DBN)

SemGroup Energy Partners LP announces new name
(DBN)

SemGroup emerges from bankruptcy
(DBN)

______________

Fashion:

French court shuts down Lacroix fashion designs
(DBN)

It's over for Lacroix
(DBN)

Sad end to glittering Lacroix fashion house
(DBN)

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Agriculture:

Reorganization Plan Approved for Greenberg Traurig Client T H Agriculture & Nutrition
(DBN)

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Accounting:

Are Other Small Big 4 Offices at Risk of Closure?
(DBN)

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Private Equity:

Limestone, Aluminum Lead To Bankruptcy Court Opportunities
(DBN)

Six New PE Bankruptcies in November - Year's Total at 72
(DBN)

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Distressed Investing:

Boyazny on distressed opportunities
(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:

Congressional Activity Re: Bankruptcy
(DBN)

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Book Reviews:

Holiday Reading
(DBN)

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Gambling:

Foes and Friends in Trump Bankruptcy
(DBN)

Bankruptcy Fight, Las Vegas Style
(DBN)

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Theme Parks:

Six Flags noteholders seek to end exclusivity
(DBN)

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Litigation:

Class Actions: A rip-off far worse than Madoff's?
(DBN)

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Corporate Reform:

A Second Judge Has Questions on an SEC Settlement
(DBN)

A Study in Contrasts in Financial Overhaul
(DBN)

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Retailing:

Bank's Action Rattles a New Mall in Chicago
(DBN)

General Growth Files Bankruptcy Turnaround Plan in New York
(DBN)

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Municipalities:

San Diego: Sanders distances himself from bankruptcy suggestion
(DBN)

Bankruptcy is an 'opportunity'?
(DBN)

______________

Student Debt:

Loan Debt Is Focus of 2 New Reports
(DBN)

Average student debt rises to $23,000
(DBN)

______________

Credit Cards:

U.S. credit card offers pick up for select few
(DBN)

______________

Pensions:

Pension tension on the rise
(DBN)

______________

Rules:

Amendments to the Federal Rules of Appellate Procedure take effect today
(DBN)

______________

UK:

BDO forecasts amnesty rush
(DBN)

ICAEW launch online insolvency network
(DBN)

______________

EU:

Europe near deal on shake-up of bank policing
(DBN)

European Banks Growing Bigger ‘Sowing the Seeds’ of Next Crisis
(DBN)

______________

Canada:

Toronto Restaurants Dropping Like Flies
(DBN)

Art: The sudden demise of Ritchies Auctioneers
(DBN)

Premier gets third degree over Hydro whistleblower
(DBN)

CanWest wins extension for restructuring
(DBN)

______________

Middle East:

Where's the next Dubai?
(DBN)

Big Risk, Little Reward
(DBN)

Dubai World to meet creditor panel on debt crisis
(DBN)

Dubai creditors fight for their money
(DBN)

Dubai Credit Risk Falls Most in 9 Months On Debt Plan
(DBN)

Does Islamic Banking Law Prohibit A Bailout Of Dubai World?
(DBN)

Is the Dubai Crisis a Sovereign Debt Crisis or a Bankruptcy?
(DBN)

Dubai's debt standstill redefines Gulf lending - bankers
(DBN)

New York Hedge Fund Leads Effort On Dubai Bonds
(DBN)

Hedge Fund QVT,Dubai Creditor,Has History Leading Committees
(WSJ: separate paid subscription required)

Dubai Crisis May Trigger Expat Job Losses
(DBN)

Outstanding loans from Dubai World and units
(DBN)

Dubai World's $60bn debt woes raise questions for private equity portfolio
(DBN)

Managing the nitty-gritty of Dubai World debt
(DBN)

Investors Shorted Dubai World Debt Back in September
(DBN)

______________

North Korea:

Chaos reportedly erupts after North Korea revalues currency
(DBN)

______________

Japan:

Japan's Central Bank Takes Steps to Lift Economy
(DBN)

Why Japan's Economic Boost Won't Work
(DBN)

______________

France:

France Telecom Must Repay $1.65B in State Aid
(DBN)

______________

Greece:

Greece faces bankruptcy
(DBN)

Greece Faces New EU Demands on 'Worrying' Deficit
(DBN)

______________

Russia:

A Victory for Holders of Yukos
(DBN)

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