December 21, 2009

The Daily Bankruptcy News

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Law:

For Associates, It's Been a Decade of Thrills and Chills
(DBN)

Law Firms Cut Junior-Lawyer Bonuses by as Much as 71 Percent
(DBN)

Privilege Takes Center Stage as WaMu Bankruptcy Heats Up
(DBN)

How class action firms acquire pension-fund clients
(DBN)

Did Big SCOTUS Firms Try to Edge Out a Little Guy?
(DBN)

Will Law Firm Changes Affect Hiring and Retention of Associates?
(DBN)

New vs. Old Thinking about the Legal Market
(DBN)

Last Week in Layoffs
(DBN)

More Firm Lawyers Go Part Time
(DBN)

Sex, Drugs, and 3000 Billable Hours Defendant law firm moves to strike ‘scandalous’ material.
(DBN)

Kelley Drye Joins BigLaw Bandwagon Driving Away from Lockstep Pay
(DBN)

Holland & Knight Avoids Throwing Lockstep Baby Out with the Bathwater
(DBN)

Associate Bonus Watch (and Salary Thaw): Allen & Overy
(DBN)

70 Leave Firm in Mass Defection
(DBN)

Associate Bonus Watch: Gibson Dunn
(DBN)

Secret Bonuses
(DBN)

Is Deferring Deferred Associates the New Deferring Associates?
(DBN)

An Economic Crisis is a Terrible Thing to Waste: Reforming the Business of Law for a Sustainable and Competitive Future
(DBN)

Shift to Smaller Firms & Value Challenge Aren't Killing Billable Hour, Consultant Says
(DBN)

A Few Drinks, and the Hogan Lovells Merger Is History
(DBN)

O'Melveny's Srinivasan Tapped for Skilling Supreme Court Argument
(DBN)

A Year Later, Simpson Thacher Still Treasury's TARP Go-To
(DBN)

Weil heads up quartet of firms on $2.4bn amusement park buyout
(DBN)

Latham, Mayer Brown, Wilmer Lead on Unprecedented Ernst & Young Settlement
(DBN)

The Bear Stearns Deal: What JPMorgan's GC Knew -- and When
(DBN)

Bill Would Protect Attorney-Client Privilege
(DBN)

Relationship Survival Guide: How to Avoid Getting Dumped by Your Client
(DBN)

Former Law Firm Partners Suspended for Not Paying Taxes
(DBN)

San Fran Real Estate Boutique Closes
(DBN)

Pls Hndle Thx: What Secretaries Want
(DBN)

With money tight, lawyers may cut ethical corners
(DBN)

Every Alabama Lawyer Should Try the ‘BCS Defense’
(DBN)

Is W&L Already Providing the 3L Experience of the Future?
(DBN)

Proof That Duke Deserved Douchiest Title?
(DBN)

Visiting Professor at NYU Makes a Mess of 1L Contracts Exam
(DBN)

Convicted for Being Naked in Own Home, Man Complains of ‘Living in a Fishbowl’
(DBN)

Career Alternatives for Attorneys: Swinger Promoter
(DBN)

Law Firm’s Search for Records Turns Up 96 Boxes of Cremains
(DBN)

Lawsuit of the Day: Lego My Lego (Shoe)
(DBN)

Attorney Sued For Nose Biting; Claims Self-Defense
(DBN)

Defendant Gets Familiar Juror: His Previous Judge
(DBN)

Say What?!
(DBN)

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Judges:

Judge Blasts U.S. Attorneys' Pursuit of High-Profile Defense Lawyer
(DBN)

Judge: BCS Title Football Game Takes Precedence Over Upcoming Trial
(DBN)

FantasySCOTUS: Citizens United v. FEC (a.k.a. The Hillary Movie Case)Revisited
(DBN)

Judge faces impeachment case
(DBN)

U.S. Supreme Court: A cast of interesting characters
(DBN)

No More Sexting With Sotomayor on the Court
(DBN)

Sotomayor still overwhelmed by new life in limelight
(DBN)

Sotomayor disappointed by 'wise Latina' souvenirs
(DBN)

Sotomayor's Caribbean Christmas vacation
(DBN)

U.S. courts in West to allow video coverage of civil cases
(DBN)

Venezuela Imprisons Judge
(DBN)

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Wall Street:

US Stock-Index Futures Rise
(DBN)

Markets Are Edgy Ahead of Holidays
(DBN)

Goldman Gives Up on Profits from Dead People
(DBN)

Taxpayers Help Goldman Reach Height of Profit in New Skyscraper
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Unemployment rising again in Southwest Florida
(DBN)

South Florida fares better on unemployment rate
(DBN)

Jobless Rate Improved in Most States in November
(DBN)

Productivity Up as Workers Do More With Less
(DBN)

Chrysler Financial to close site, lay off 250
(DBN)

Letters to Santa Reveal a US in Pain
(DBN)

Finance Hirings & Layoffs: Morgan Stanley and more
(DBN)

AT&T plans to cut 461 Florida jobs in its land-line operation
(DBN)

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Chemicals:

Pension board claims Huntsman bid undervalues Tronox assets
(DBN)

Tronox files new reorganization plan
(DBN)

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Municipalities:

Vallejo council to examine path to pull city out of bankruptcy
(DBN)

Can Detroit Be Saved?
(DBN)

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Public Transportation:

Off the rails
(DBN)

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Lehman:

Funds at loggerheads over trapped Lehman cash
(DBN)

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Private Equity:

Drilling For Debt Repayment With A Move To Nasdaq
(DBN)

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Resorts:

Date for sale of resort assets pushed back
(DBN)

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Economy:

Forget Ideology; Let’s Fix the Economy
(DBN)

No Real Need for More Misery
(DBN)

The Economy Will Suck Wind Next Year
(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:

Eliminating ‘He Said, She Said’ on Loan Modifications
(DBN)

Underwater homeowners use bankruptcy escape hatch
(DBN)

BofA, Chase Halt Foreclosure Evictions Until Jan. 3
(DBN)

More homes are poised to hit the market
(DBN)

The Biggest, Baddest Real-Estate Loan
(DBN)

Lawyer Charged in Alleged Scheme to Divert Mortgage Payoffs to Fake Company
(DBN)

Commercial Real Estate on Shaky Grounds
(DBN)

Looking a Little Deeper at Bernanke’s Floating Rate Mortgage
(DBN)

San Francisco Sees Second Month of Annual House Price Increases
(DBN)

Housing Recovery Needs 3.2m Prevented Foreclosures, Says Credit Suisse
(DBN)

Deutsche Sees House Prices Falling Another 10 Percent
(DBN)

Portland homebuilder clears bankruptcy court
(DBN)

KeyLime Cove files for Chapter 11 bankruptcy
(DBN)

Housing's Fate Is Lurking in the Shadows
(DBN)

Experts Say Commercial Property Woes Only Beginning
(DBN)

More Wealthy Default on Their Mansions
(DBN)

Moody's Reviews $143 Billion of Jumbo-Mortgage Bonds
(DBN)

How the Stuy Deal Went Down...and Down...and Down
(DBN)

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Autos:

GM Makes First $1B Towards Repayment
(DBN)

Detroit automakers on new path; hope flickers
(DBN)

House Members Question Role on Treasury in Delphi Bankruptcy
(DBN)

Visteon wants to drop pension plans
(DBN)

Visteon's proposed Chapter 11 plan gives lenders 96 percent of new equity, ends U.S. pension, unsecured creditor obligations
(DBN)

Saab may get a second life
(DBN)

Auto jobs shake-up slams black middle class
(DBN)

Detroit 3 automakers: Where they're at now
(DBN)

High Gas Prices, Recession Were One-Two Punch for Car Makers
(DBN)

Chapter 7 notes from behind the scenes
(DBN)

Judge Grants Heckers' Divorce
(DBN)

Heckers officially split. Now, the money.
(DBN)

Prebul meets with creditors, declines questions
(DBN)

Tarbox bitter, still fighting
(DBN)

A Lament for Saab, Quirky but Loved
(DBN)

In Sweden, Living With a Death Foretold
(DBN)

Auto Suppliers Struggle to Survive
(DBN)

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Personal Finance:

Utility Bill Is One More Casualty of Recession
(DBN)

Americans Are Finally Saving. How Did That Happen?
(DBN)

Can These Retirements Be Saved?
(DBN)

Role swapping strains families
(DBN)

College Savings Funds at Risk in Bankruptcy Filings
(DBN)

Surviving With Dignity - Part I: Reflections of My Mother on How She Miraculously Survived the Holocaust and Rebuilt Her Life
(DBN)

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Sports:

Bankruptcy final for AFL
(DBN)

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Trucking:

YRC's struggles mount, rivals set to gain
(DBN)

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Shipping:

CMA CGM Warns of Bankruptcy Unless Bondholders Back Debt Change
(DBN)

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Gambling:

Trump, Icahn trade barbs in Atlantic City casino fight
(DBN)

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Fraud:

Judge Sets Trial Date for Allen Stanford as Attorneys Tussle Over Fees
(DBN)

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Accounting:

KPMG Global Revenue Drops 11.4%
(DBN)

Ernst & Young Pays $8.5 Million to Settle Charges with SEC Over Bally Fraud »
(DBN)

Section 409A: Worst Tax Enactment of the Decade
(DBN)

The Day After: KPMG and E&Y Holiday Party Report
(DBN)

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Theme Parks:

Snyder's Six Flags Roller-Coaster Ride
(DBN)

Bondholder revolt at Six Flags
(DBN)

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Banking:

Regulators shutter 2 big California banks, 5 others
(DBN)

Executive at Barclays Defends Pay
(DBN)

Citigroup ‘Lottery Ticket’ Warrants May Pay U.S. Lowest Return
(DBN)

The Most "Evil" Lenders Are Also, Conveniently, The Richest
(DBN)

Pay, Politics and BofA's Hunt for a CEO
(DBN)

Bankers' Per-Loan Profits Fall on Higher Product Costs
(DBN)

Failure of New Frontier Bank will have wide-ranging implications
(DBN)

Lenders get an order: Ramp up the rescues
(DBN)

UBS, Credit Suisse Said to Face Tougher Rules on Liquid Assets
(DBN)

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Religion:

Diocese Bankruptcy Judge Unseals Settlement
(DBN)

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Bankruptcy Crimes:

Bankruptcy fraud enjoys 'open season'
(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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Derivatives:

Credit Derivatives That Distort Markets
(DBN)

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Celebs:

Santa Claus Files for Chapter 11 Bankruptcy :)
(DBN)

Time misses the boat on the Person of the Year
(DBN)

Setting Stage for ‘Lawyer’s Dream’ Divorce, Tiger Woods’ Wife Retains Attorney Sorrell Trope
(DBN)

Story of Tiger Woods’ Parking Lot Liaison Reportedly Killed with Law Firm’s Help
(DBN)

This Year’s Top 10 Celebrity Legal Scandals
(DBN)

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Bankruptcy Rules:

Judicial Conference Bankruptcy Rules meeting
(DBN)

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Retailing:

Holiday shoppers keep registers ringing
(DBN)

Retailers Feeling Effects of Snow on Super Saturday
(DBN)

Initiation at Store 5476
(DBN)

General Growth Properties, Inc. Announces $100M Common Stock Dividend
(DBN)
s

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Radio:

Citadel Broadcasting Files for Bankruptcy Protection
(DBN)

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Corporate Reform:

Regulators Brawl for Control of Banks
(DBN)

Comverse to Pay $225 Million in Backdating Settlement
(DBN)

Dodd tacks new course on Senate bank bill
(DBN)

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Corporate Governance:

Delaware's Shrinking Half-Life
(DBN)

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Credit Cards:

New Credit Card Tricks, Traps, and 79.9% APRs
(DBN)

Discover Falls on Q4 Earnings Report
(DBN)

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DIP Finance:

Tennenbaum Closes DIP Fund with $454 Million
(DBN)

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Magazines:

A Reader’s Digest That Grandma Never Dreamed Of
(DBN)

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Newspapers:

Heartland Publications files for Chapter 11
(DBN)

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Symphonies:

Honolulu symphony files for bankruptcy
(DBN)

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Health Care:

Hospital employees receive back pay
(DBN)

Congress approves COBRA premium subsidy extension
(DBN)

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Food/Drink:

Bidding war continues for Penn Traffic grocery outlets
(DBN)

Robert Moses Provides Evidence in Tavern on the Green Case
(DBN)

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Aviation:

Airline unions decry bankruptcy laws
(DBN)

Globespan collapse raises questions over card processor's role
(DBN)

Flyglobespan was owed £34-36m in online payments: reports
(DBN)

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Building Materials:

US Bankruptcy Court Confirms BMHC's Plan of Reorganization
(DBN)

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Hedge Funds:

Fund Boss Made $7 Billion in Panic
(DBN)

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UK:

Traders Reap Bonuses as U.K. Watches
(DBN)

Goldman Threatens UK with Move to Spain
(DBN)

Kerry Katona facing New Year eviction
(DBN)

High Street retailer Borders doors shut for good tomorrow
(DBN)

Apollo Said to Submit Rescue Plan for Britain's Gala
(DBN)

Deloitte to recover 90% for Landsbanki creditors
(DBN)

Shareholder revolt against FTSE 100 exec pay
(DBN)

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Middle East:

Dubai World to meet lenders to discuss repayment plans
(DBN)

Dubai World to Press For Loan Extensions
(DBN)

Selling Dubai
(DBN)

The Law of Gravity in Dubai
(DBN)

Dubai May Not Present 'Standstill' Terms, Bankers Say
(DBN)

Dubai World to make no precise debt proposal-source
(DBN)

Dubai World debt not to impact UAE economy: Al Mansouri
(DBN)

UAE Shares Fall to Weekly Low on Concern Over Bank Results
(DBN)

Full Repayment of Dubai Debt May Still Be Possible
(DBN)

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Greece:

A Greek Bearing Promises
(DBN)

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China:

China Property Stocks Drop Most Since August on Curbs
(DBN)

China Tightens Rules On Land Sales To Property Developers
(DBN)

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Iceland:

Iceland Lawmakers Threaten to Reject Icesave Bill a Second Time
(DBN)

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