December 9, 2009

The Daily Bankruptcy News

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Law:

DLA Piper: Bringing the Curve to Biglaw
(DBN)

Laid-Off Associates on the Morgan Lewis Holiday Party Invite List
(DBN)

Associate Bonus Watch: Ropes & Gray Matches
(DBN)

McDermott Will & Emery: Another December Deferral Extension
(DBN)

Brinks Hofer Cuts 7 Lawyers & 19 Staff, May Reduce Associate Pay Next Year
(DBN)

Hiring Lawyer Rejects Federalist Society Members—and Columnist’s Advice
(DBN)

Debevoise Sues Client Over $6 Million in Unpaid Bills
(DBN)

The Message That Will Seal Law Firms' Doom: 'It's Nothing Personal'
(DBN)

Paul, Weiss Names Two Bankruptcy Partners
(DBN)

Dechert Names Bankruptcy Partner
(DBN)

White & Case Names New Bankruptcy Partner
(DBN)

LawBidding: no-cost site for law departments to post questions about legal issues and receive proposals
(DBN)

New chairman at Kirkland & Ellis
(DBN)

New Century Defendants Lawyer Up
(DBN)

Tiger Woods Retains Boutique Firm Lavely & Singer
(DBN)

Wachtell's Herlihy Helping BofA Board Select New CEO
(DBN)

Supreme Court Rejects Early Appeals of Attorney-Client Privilege Determinations
(DBN)

Rothstein lawyers most searched on legal website
(DBN)

Feds: Rothstein fraud only $1.2 B
(DBN)

N.Y. Federal Judge Approves Solo's Manhattan-Level Fees
(DBN)

Officials of mortgage, law firms indicted
(DBN)

Lawyer Shot in Head Outside His Upscale Home Dies at Hospital
(DBN)

Don’t Mess With Texas Blokes
(DBN)

Herbies faces court action from former associate
(DBN)

Did AIG's Top Lawyer Stare Down the U.S. Pay Czar?
(DBN)

Lawyer Foreperson Who Criticized Counsel Is Focus of New Trial Request
(DBN)

Federal Judge Wonders if Lawyers in McKesson Case Laid a Trap in Form of Lawyer on Jury
(DBN)

Suspension Likely for Lawyer Who Made Improper Remarks to Female Clients
(DBN)

Lawyer Sues N.Y. Over Alleged Harm to His Reputation from Pension Clawback
(DBN)

Exam Stress Makes University of Maryland Law Students Catty
(DBN)

Sex, Religion, Law School, and the Supreme Court
(DBN)

Insider info on dodging the bullets in your formative years as a lawyer
(DBN)

Lawyer Arrested After Bringing Gun Into Courthouse
(DBN)

Every Girl Is Crazy About a Sharp-Dressed Man: GQ OKs AG's Suits
(DBN)

Obit: DUI Lawyer Richard Essen, the 'King of the Pretrial Motion'
(DBN)

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Judges:

Sotomayor Announces Her First Opinion on Busy Day at Supreme Court
(DBN)

Does Justice Kennedy Hold the Keys to Sarb-Ox's Fate?
(DBN)

Supremes take up Black, Skilling cases
(DBN)

High Court Justices Take Aim at 'Honest Services' Law
(DBN)

Judge Blasts 'Truly Chaotic' Defense
(DBN)

Embattled Judge Fined $50K in Defamation Case
(DBN)

Testimony Sheds Light on Alleged Corruption of Juvenile Judge
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

European, Asian Stocks Decline
(DBN)

Wall St rattled by recovery uncertainty
(DBN)

Morgan Stanley Ousts Petrick as Trading Chief
(DBN)

US Treasury to sell warrants to buy JPMorgan stock
(DBN)

"The question isn't who is going to let me; it's who is going to stop me"
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

US Employers Expect Slight Increase In Early 2010 Payrolls
(DBN)

CEOs: Don't expect hiring in next six months
(DBN)

Job Openings in US Decreased by 80,000 in October, Labor Says
(DBN)

Chicago hiring bleak for early 2010
(DBN)

More than 6,500 applied for 120 jobs at Applebee's
(DBN)

Double digit unemployment in California until 2012
(DBN)

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Derivatives:

JP Morgan Could Lose $3 Billion in Clearinghouse Profit
(DBN)

The Problem With Derivatives
(DBN)

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Celebs:

Pop Star Shakira Shares Story Of Bankruptcy Past
(DBN)

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Health Care:

Saint Vincent's lays off 180
(DBN)

Medical center files for bankruptcy
(DBN)

Weston Centers files bankruptcy
(DBN)

Obama endorses COBRA subsidy extension
(DBN)

Finding the Nerve to Cut Health Costs
(DBN)

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Tax:

UBS Again Allowing its Private Bankers to Visit Foreign Clients after Temporary Ban
(DBN)

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Sovereigns:

The 10 Countries Most Likely To Default
(DBN)

Developed Countries Rapidly Blowing AAA Ratings And Entering Debt Crisis Danger Zone
(DBN)

Moody's US credit warning spooks world markets
(DBN)

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Municipalities:

Deterioration Slows in State Tax Collections
(DBN)

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Litigation:

NERA Releases SEC Settlement Trends Update
(DBN)

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Aviation:

Delta meets Japanese govt for capital ties with JAL
(DBN)

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Debt Collection:

More Than 900 Collection Agencies, Creditors Sued In November
(DBN)

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Economy:

Obama: Boost Jobs Through Transportation, Tax Credits
(DBN)

Key Parts of Obama Job Creation Package
(DBN)

Job-Creating Bill Could Cost up to $200 Billion
(DBN)

Obama Adds $3.5B for Failing Schools
(DBN)

Consumer Confidence Drops in December
(DBN)

TARP stemmed panic but left trail of woe
(DBN)

Chief Executives Become More Optimistic About Economy
(DBN)

Dodd To Urge Congress To Direct Bailout Money To Small Businesses
(DBN)

Obama Offers Help for Small Businesses
(DBN)

U.S. Factory and Services Revenue to Grow, Dollar a Risk
(DBN)

Shock Backslide In Goods Shipped To The US
(DBN)

The American Bailout Nightmare
(DBN)

Obama: Nation must 'spend our way out' of recession
(DBN)

Mattress sales a litmus test for economy
(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:

Lenders claim paperwork delays mortgage mods
(DBN)

Chase Converts 2% of Offered HAMP Trials into Permanency
(DBN)

Strategic Defaults Rise with Negative Equity
(DBN)

Homeowners' Bank Accounts Frozen over Second Mortgages
(DBN)

The Mortgage Blame (and Ignorance?)Game
(DBN)

CMBS Delinquencies Top 4%
(DBN)

SEC Charges California Mortgage Firm
(DBN)

JPMorgan Finds Modifications Tough Slog
(DBN)

Kansas City condo developer Buckeye Development files Ch. 7 bankruptcy
(DBN)

Dan Stern Homes, owners file for Ch. 7
(DBN)

Cheryl Lang On Strategic Defaulters, Borrower Incentives
(DBN)

New condo financing limits may deter buyers
(DBN)

List Prices Declined in 25 of 26 Markets
(DBN)

N. Texas: Existing Home Sales Jump 31%
(DBN)

Bankruptcy filing may send fate of Brauss' real estate empire to federal court
(DBN)

Speculators and House Flipping Are Back
(DBN)

StuyTown tenants set list of demands
(DBN)

Cedar Funding trial put on hold
(DBN)

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Finance:

CIT Aims to Emerge From Bankruptcy Thurs.
(DBN)

CIT Recovery Plan Needs Someone to Run Firm After Peek Departs
(DBN)

GE Sees Flat 2010 Profit at Finance Arm
(DBN)

Better oversight urged for small-business loan program
(DBN)

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Fraud:

US top court hears ex-media baron Conrad Black's appeal
(DBN)

Faint hope for Conrad Black
(DBN)

Tough questions at Black's hearing
(DBN)

Justices skeptical of 'honest services' law
(DBN)

US Plans to Revise Blago Charges to Avoid ‘Honest Services’ Problem
(DBN)

Corruption threatens "soul and fabric" of US: FBI
(DBN)

Artful Arithmetic From New Century Financial
(DBN)

Six Remaining Defendants Plead Guilty in $18 Million Fraudulent Investment Scheme
(DBN)

US SEC charges Brookstreet, CEO with fraud
(DBN)

US SEC sues to freeze assets of 'Ponzi scheme'
(DBN)

Stanford receiver sues investors to recoup profits
(DBN)

Austin law firm sues N.J. broker in Stanford case
(DBN)

Pervy Billionaire a Rothstein "Victim"
(DBN)

More Evidence of Stunning Miami Medicare Fraud
(DBN)

AG Investigating “ Madoff ” Auction
(DBN)

State Securities Regulators Blast SEC for ' Madoff Culture'
(DBN)

Protection Chief Struggles With Madoff Claims
(DBN)

Son of man who closed AL golf course pleads guilty to defrauding lenders
(DBN)

Businessman faces up to 37 1/2 years in massive mortgage scheme
(DBN)

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Hotels:

W hotel at Union Square sold at auction
(DBN)

Jackson's (W)Hole
(DBN)

Suit alleges Falor group siphoned money from Hotel 71
(DBN)

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Corporate Reform:

SEC to Insider Traders: Watch What You Say
(DBN)

Corporate Governance: Don't Rush Reforms
(DBN)

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Accounting:

Supreme Court Likely to Leave Accounting Oversight Board as Is
(DBN)

Herz: Give Banks More Freedom from GAAP
(DBN)

Chairman of PwC India Steps Down, Wants Time to 'Look at Other Things'
(DBN)

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Rating Agencies:

Credit Agencies Avoid Overhaul After Crisis
(DBN)

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Credit Cards:

More On Time Credit Card Payments Expected
(DBN)

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Theme Parks:

Six Flags Bankruptcy Judge Rejects Exit Financing, Stock Offer
(DBN)

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Retailing:

Walking Co in bankruptcy ; wants to shut 90 stores
(DBN)

General Growth draws suitors, no bid yet
(DBN)

Mall giant about to get bigger
(DBN)

Texas Comptroller opposes General Growth Properties' reorganization plan
(DBN)

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Food/Drink:

Tavern on the Green Operator Hires Firm to Sell Rights to Name
(DBN)

Tavern on the Green Will Not Go Quietly on New Year's
(DBN)

Lions and Tigers and Debt: Auctioning Off Tavern on the Green
(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:

Frank Backs Mortgage Cram-Down in Finance Reform Bill
(DBN)

Financial groups push back on 'cramdown' mortgage measure
(DBN)

Conyers and Eight Others Introduce Amendment to Provide Mortgage Modification Relief to Struggling Homeowners
(DBN)

Cramdown and Other Amendments Proposed for Restructuring Measure
(DBN)

Proposed "Too Big to Fail" Amendments to the Bankruptcy Code
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Autos:

$30 Billion Government Loss Predicted on Auto Bailout
(DBN)

GM Chairman: Company Has Narrowed Search For CFO
(DBN)

Ed Whitacre's Secret Plan To Save GM
(DBN)

GM exec: No new layoffs coming
(DBN)

Whitacre says GM may repay loans sooner
(DBN)

GM Will Consider Lump Sum Payment to US
(DBN)

Second chance near for GM, Chrysler dealers
(DBN)

Fiat CEO rips Germany over auto industry's woes
(DBN)

VW buys $2.5 billion Suzuki stake; eyes world No.1 spot
(DBN)

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Lehman:

Barclays Says Lehman Brokerage Gave No ‘Secret’ Gain
(DBN)

Dick Fuld's atonement: help the little guy
(DBN)

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Advertising:

Automotive advertising drops 30.8%
(DBN)

Spending on ads to stay slow in US
(DBN)

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Banking:

JPMorgan sees consumer losses rising
(DBN)

Citigroup Didn't Cheat VCG Fund on Swap, Appeals Court Rules
(DBN)

Bank of America Executive Under Scrutiny Relating to Merrill Lynch Takeover
(DBN)

Citigroup, Inc. and Wells Fargo & Co At Odds with Fed over Tarp Repayment
(DBN)

Insider Loans Distrusted by Bair as Georgia Failures Lead U.S.
(DBN)

CFTC May File Civil Action Vs Bank Of New York Mellon
(DBN)

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Baseball:

Mets Broke, Or Reverting to Form?
(DBN)

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Boating:

Boating firm is battening down the hatches
(DBN)

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Newspapers:

McClatchy Will Lift Wage Freeze
(DBN)

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Compensation:

Justices Question President’s Power to Control Board’s $500K Salaries
(DBN)

Kenneth Feinberg Backs Down on AIG Pay
(DBN)

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Resorts:

Friar Tuck sale in hands of bankruptcy court
(DBN)

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Workouts:

James Epstein says that a lot of lenders will offer extensions to overleveraged companies
(DBN)

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Chemicals:

Lyondell sets settlement in creditor lawsuit
(DBN)

RIL may buy part of LB group's debt
(DBN)

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Telecoms:

Nortel wraps up $10M sale of assets to Hitachi, names US bankruptcy monitor
(DBN)

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UK:

UK: Bankers to Pay Super Tax on Bonuses
(DBN)

Insolvency mugs
(DBN)

UK Lowers Forecast for 2009 GDP
(DBN)

Northern Rock starts legal and capital restructure
(DBN)

Floundering Rock valued at £5.68bn in the red
(DBN)

Northern Rock shareholders will not receive compensation, says BDO
(DBN)

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Canada:

Judge rebukes pension trustees
(DBN)

Fraser Papers workers protest restructuring plan
(DBN)

Portus investors recover 95% with final payment
(DBN)

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Germany:

German exports spur growth hopes, hitting 2009 peak
(DBN)

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Kazakhstan:

Kazakh bank BTA in deal to restructure $10 bln debt
(DBN)

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Greece:

Greek Stocks, Bonds Slide for Second Day on Downgrade Concern
(DBN)

Greece Threatens Bankruptcy , And the Euro Zone
(DBN)

Will Greece be the next Dubai?
(DBN)

Greece downgraded over high debt
(DBN)

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Middle East:

Dubai Shares Erase 2009 Gains, Drop Most in World on Debt Issue
(DBN)

Cost of insuring Dubai debt soars, Nakheel bond falls
(DBN)

Dubai Utility May Face £1.2 Bln Debt Bill
(DBN)

Dubai Has Another Little $20 Billion Problem
(DBN)

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Luxembourg:

Some aspects of Luxembourg Insolvency Law
(DBN)

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Ireland:

Ireland awaits sharpest budget cut in its history
(DBN)

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