December 7, 2009

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

2,900 Law Jobs Lost Last Month—and More in Sept. and Oct.
(DBN)

Last Week in Layoffs
(DBN)

Where Do We Go from Here?
(DBN)

Associate Bonus Watch: Paul Weiss Follows SullCrom’s Lead
(DBN)

Orrick: No Bonuses for First-Year Associates
(DBN)

Is There a New Standard for Bonuses?
(DBN)

SJ Berwin: deferring pay is prudent
(DBN)

Firms' Billing Rates Inched Up During 2009, Survey Shows
(DBN)

Snapshot: Matthew Feldman
(DBN)

Bailout Work Pays Off Big Time in the U.K.
(DBN)

Linklaters in radical move to reject over-specialization
(DBN)

Ex-Lawyer Released After 33 Months in ‘Debtor’s Prison’
(DBN)

Florida Lawyer Charged With Fraud Collected $35M in 2008
(DBN)

Rothstein, Partners Paid Hefty Salaries
(DBN)

Florida Hedge Funder the Big Loser in Rothstein Scheme
(DBN)

'Chooch' and Wrong: A Biggie Falls in NY Pension Fund Probe
(DBN)

Biglaw Firm Announces New Pay Scheme: What Does the Associate in the Street Think?
(DBN)

Firms gave millions to case runner
(DBN)

Crystal Balling Billables: Firm On a Hiring Binge Sees Real Estate Surge Ahead
(DBN)

Lawyers Made Messy Firm Divorce Worse, Judge Says
(DBN)

Comcast-NBC Deal to Put a Fleet of M&A Lawyers to Work
(DBN)

Bracewell & Giuliani moving uptown next year in the Big Apple
(DBN)

Eversheds global brand rollout takes a tumble
(DBN)

My Job Is Murder: Of Legends and Legerdemain
(DBN)

Thinking of Raising Hourly Billing Rates? Get Ready to Rumble
(DBN)

‘Being A Lawyer Makes Me Sick’
(DBN)

Reports of Law School Cheating Increase Along with Focus on Grades
(DBN)

Harvard Law School Grade Reform Update
(DBN)

The PC Police Ride Strong at Northwestern
(DBN)

Unlikely Source May Be Raising Summary Judgment Bar
(DBN)

Italian Jury Finds U.S. Student Guilty of Murder, Gives Her 26-Year Sentence
(DBN)

Blagojevich Evidence Stolen in Law Firm Break-in
(DBN)

30 Out in the Cold in Moscow Layoff
(DBN)

BigLaw firm launches its own Facebook site
(DBN)

Is Akin Gump's Tom Goldstein Television's Next Big Thing?
(DBN)

______________

Judges:

Showstopper
(DBN)

Espinosa Oral Argument Provides Glimpse Into World of Supreme Court
(DBN)

House Judiciary Schedules Hearing on Judge Recusals
(DBN)

Judge in ‘Girls Gone Wild’ Case Requests ‘All Relevant Video Footage’
(DBN)

FantasySCOTUS.net Predictions of the 10th Justice: Forecasting the Swing Vote of Justice Kennedy.
(DBN)

Ex-NY Judge Is Disbarred, Faces Prison for Shaking Down Lawyers
(DBN)

Assuring judicial impartiality: New disqualification rule will make justices more accountable
(DBN)

Jury gets case of blogger accused of judge threats
(DBN)

No Testimony From Judges in Prosecution of Radio Host
(DBN)

______________

Wall Street:

Stock-Index Futures Fall
(DBN)

UK Stocks Decline
(DBN)

Memo to Wall Street: Philanthropy, not bonuses
(DBN)

A Windfall Profits Tax for Goldman Sachs?
(DBN)

Why is Barney Frank so Mad at Wall Street?
(DBN)

John Paulson Returns to Earth
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

The Job Drought May Be Over
(DBN)

An In-Depth Look At the Jobs Report
(DBN)

Broader Jobless Rate Declines to 17.2%
(DBN)

Jobless professionals vie for holiday sales work
(DBN)

Two Jobs and Still Underemployed
(DBN)

2010: Surge in People Quitting Their Jobs
(DBN)

Americans May See Leaner Workplace for Years
(DBN)

______________

Corporate Reform:

Bernanke Holding Tight to Fed's Regulatory Hammer
(DBN)

Sarbanes-Oxley Law May Be Reshaped by U.S. Supreme Court Clash
(DBN)

The Supreme Case Against Sarbanes-Oxley
(DBN)

______________

Fraud:

Rajaratnam's FBI Probe a Decade Ago Lacked Proof of Fraud
(DBN)

In fallout of fraud sting, IRS joins hunt
(DBN)

High court to take up corruption law; 'Honest services' called too vague; prosecutors call provision vital
(DBN)

The World's Most Corrupt Countries
(DBN)

______________

Religion:

Hundreds of claims filed in Jesuits in the Northwest bankruptcy case
(DBN)

______________

Health Care:

COBRA subsidy program coming to an end
(DBN)

Bankruptcy filing worries Pequannock residents
(DBN)

______________

Building Materials:

Generation Brands Files Pre-Packaged Chapter 11 Plan of Reorganization
(DBN)

______________

 

 

 

Economy:

Unexpected drop in jobless rate sparks optimism
(DBN)

Long-term unemployment worsens
(DBN)

U.S. Forecasts Smaller Loss From Bailout of Banks
(DBN)

Big Paydays for Rescuers in the Crisis
(DBN)

Bernanke does a bad, bad thing
(DBN)

Bernanke's biggest fears
(DBN)

Where The Next Debt Crisis Will Occur
(DBN)

Geithner Disputes Goldman's Claim It Didn't Need Gov't Help
(DBN)

Geithner: "none would have survived"
(DBN)

Running a Deficit without Fear
(DBN)

OECD: Public Debt Jeopardizes Recovery
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Why Treasury Needs a Plan B for Mortgages
(DBN)

Should Borrowers Share The Blame For So Few Mortgage Modifications?
(DBN)

Is a Loan Modification Just Another Exotic Mortgage?
(DBN)

Quarter of borrowers in anti-foreclosure plan are behind
(DBN)

Where Housing Will be in 2012
(DBN)

No Escape From TARP for U.S. Banks Choking on Commercial Real Estate Loans
(DBN)

Fresh attack on foreclosures
(DBN)

The Dumbest Stimulus Plan to Date
(DBN)

Mortgage Insurers Deny 20-25% of Claims: Moody's
(DBN)

Bob Toll Struggles With a Cash Burden
(DBN)

Mastro bankruptcy trustee won't be replaced
(DBN)

Bankruptcy puts developer's deals in doubt
(DBN)

Judge approves bankruptcy plan for Patterson Park CDC
(DBN)

West Edge project's future still in court — and in doubt
(DBN)

West Edge: Anatomy of a dream turned nightmare
(DBN)

LA: Big Landlord To Lighten Up
(DBN)

Renting rooms becomes viable option for homeowners
(DBN)

Extreme Makeover has extreme costs
(DBN)

Deputies witness recession's toll as evictions increase
(DBN)

_____________

Bonds:

TCW ousts star fund manager Jeffrey Gundlach
(DBN)

______________

Gambling:

Vegas's biggest gamble yet: the new 7000-room Vdara
(DBN)

Binion's closing Las Vegas hotel; casino remains
(DBN)

2nd Greektown bankruptcy plan may get vote next week
(DBN)

Attorney General Comments on Station Casino Bankruptcy
(DBN)

AG says any Station Casinos trustee must be licensed by gaming regulators
(DBN)

______________

Food/Drink:

'Tavern' fixtures all to go
(DBN)

Bankrupt Bashas' grocery, union declare truce
(DBN)

Post-Bankruptcy, Centro Employees Sue Anne Burrell for Discrimination
(DBN)

Hamptons Pioneer, the Laundry, Files for Bankruptcy
(DBN)

______________

Resorts:

Recession wipes out Idaho's Tamarack ski resort
(DBN)

Paradise Lost for Wealthy Resort Novice
(DBN)

______________

Aviation:

Petition is aimed at ownership of Pace
(DBN)

Japan to give JAL $7.7 bln loan support
(DBN)

_____________

RVs:

Settlement in Fleetwood Toxic Trailer Lawsuit?
(DBN)

______________

Consumer Bankruptcies:

BAPCPA Increases Cost of Consumer Bankruptcy Cases
(DBN)

______________

Compensation:

Daddy war bucks
(DBN)

Five AIG Execs Say May Quit Over Pay
(DBN)

Fresh Pay Skirmish at AIG
(WSJ: separate paid subscription required)

Geithner Criticizes Wall Street Pay
(DBN)

______________

Credit Cards:

Stores Face New Credit Card Snag
(DBN)

______________

Mass Torts:

Asbestos, environmental losses lowest since 2000: Best
(DBN)

______________

Tax:

Reading The Tax Tea Leaves
(DBN)

______________

Celebs:

IRS & California Slap $1.9m Tax Liens Against Pamela Anderson
(DBN)

Richard Fuld Falls On Hard Times?
(DBN)

______________

Hedge Funds:

Steve's SAC of shame
(DBN)

______________

 

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)

______________

Autos:

GM CEO shuffles managers, seeks culture change
(DBN)

Whitacre's GM Culture Fix Moves Up Younger Executives, Women
(DBN)

Lutz' New Assignment: I Should Be So Unlucky
(DBN)

Auto Critic Key in GM Turnaround
(WSJ: separate paid subscription required)

GM's Directors Start Acting . . . Like Directors
(DBN)

Dealers to GM, Chrysler: No thanks
(DBN)

Chrysler restoration interests some auto dealers
(DBN)

GM, Chrysler take different paths
(DBN)

After GM bankruptcy , union takes control
(DBN)

Experts say GM needs another Mulally
(DBN)

Experts question outsider as GM chief
(DBN)

GM Europe envisions fewer job cuts
(DBN)

GM To Cut About 8,300 Jobs At Opel
(DBN)

Mercedes-Benz Sales Up 19% In November
(DBN)

GM Still Hoping for Germany's Assistance
(DBN)

______________

Politics:

Elizabeth Warren Has Your Back!
(DBN)

______________

Oil/Gas:

SemGroup roller coaster was a tough, wild ride
(DBN)

______________

Accounting:

Layoff Watch '09: Crowe Horwath
(DBN)

PwC's Moritz: 'We Will Have Base Increases Next Year'
(DBN)

E&Y Layoffs Update
(DBN)

Layoff Watch '09: Update on Ernst & Young's November Round
(DBN)

______________

Municipalities:

DPS teachers decry $10,000 deferment
(DBN)

20 Most Stressed Counties in October
(DBN)

______________

Banking:

Sen. Schumer rips banks' 'double-dipping' on ATM fees
(DBN)

Shares revival allows KIA to profit from Citigroup stake
(DBN)

Six more banks closed, total hits 130 this year
(DBN)

The FDIC Considers Another Loss Leader
(DBN)

Bank of America Stock Sale Biggest Since 2001
(DBN)

Reckless banks still to pay
(DBN)

______________

Private Equity:

Get Ready For Some Tough Fundraising Times
(DBN)

______________

Fashion:

French Officials Are Still Trying to Get the Sheikh to Buy Christian Lacroix
(DBN)

______________

Celebs:

In court, Salahis hand over designer watch to pay debt
(DBN)

______________

Student Debt:

Higher education, Kafka-style
(DBN)

______________

Newspapers:

Anxious Times as ax is set to swing again
(DBN)

______________

Enron:

Enron, welcome to Broadway
(DBN)

______________

Speedskating:

Speedskater Blasts Colbert For Ribbing Canada
(DBN)

______________

UK:

Slaughters set to receive £33m for financial crisis work for the Treasury
(DBN)

Darling Weighs Levy on UK Bankers' Bonuses, Scrapping Tax Cut for Rich
(DBN)

RBS: 1,000 Investments Bankers Quit
(DBN)

______________

EU:

Trichet Sees Need for Legal Process to Tackle Troubled Banks
(DBN)

______________

Italy:

Parmalat's Tanzi's EU100 Million Art Trove Seized
(DBN)

______________

Venezuela:

Venezuela Arrests Banco Real President, Board Member
(DBN)

______________

Greece:

Fears of Greek bankruptcy unfounded
(DBN)

______________

Germany:

German Manufacturing Orders Unexpectedly Declined in October
(DBN)

______________

Iceland:

Iceland Opposition Agrees to Stop Blocking Depositor Accord
(DBN)

Iceland Economy Shrank 7.2 Last Quarter on Investment, Demand
(DBN)

______________

Australia:

Australia Widens Lender Aid After Slamming Big Banks
(DBN)

______________

Middle East:

Dubai Stocks Drop Most in World on Dubai World Default Concern
(DBN)

The World Overreacted to Dubai Crisis
(DBN)

Dubai Bondholders Would Get Manhattan-Sized Barren Land in Case of Default
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of The Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).