July 10, 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:

Orrick Delays Start of Associate Class, On-Campus Recruiting
(DBN Subscription Required)

Orrick Overhauls On-Campus Recruiting OCI pushed to late fall / early spring; current summers deferred to 2012.
(DBN Subscription Required)

Orrick's OCI Delay: The First of Many?
(DBN Subscription Required)

Law Firm Merger Market Distinctly Tepid During Second Quarter
(DBN Subscription Required)

Midsize Firms Weigh Salary Cuts
(DBN Subscription Required)

Allen & Overy Reports Solid 2008-09 Financials
(DBN Subscription Required)

A&O results: income up 7% as PEP dips to £1m
(DBN Subscription Required)

Allen & Overy Revenue Rises 7.7% on Currency Exchange
(DBN Subscription Required)

Hammonds PEP falls by 25 per cent
(DBN Subscription Required)

Shumaker Loop Brings on 69 from Defunct Abel Band
(DBN Subscription Required)

Law firms boost their image and client base by going social
(DBN Subscription Required)

Is Law a "Mature" Industry?
(DBN Subscription Required)

Firm's Partners Asked to Repay Profits to Cover Tax Bill
(DBN Subscription Required)

Refco Juror Threatens Violence During Deliberations
(DBN Subscription Required)

Judge Declines to Grant Mistrial Over Jury Unrest in Refco Fraud Case
(DBN Subscription Required)

Plugging In Is Rock Guitarist Lawyer's Outlet
(DBN Subscription Required)

Texas Lawyer Remembers Stint in Jacksons’ Backing Band
(DBN Subscription Required)

Sonsini Driven Back to Straight-Up Lawyering?
(DBN Subscription Required)

New lawyers face the dole as retention rates drop
(DBN Subscription Required)

Pepper Hamilton Adds Bankruptcy Partner
(DBN Subscription Required)

Cozen O'Connor opening 2 more Pa. offices
(DBN Subscription Required)

Ban Upheld on State Troopers Practicing Law
(DBN Subscription Required)

A Closer Look at Sarah Palin's Legal Fees and Finances
(DBN Subscription Required)

8th Circuit: Attorney Can't Discharge $360,000 Student Loan Debt
(DBN Subscription Required)

Senior partner jailed over stolen painting
(DBN Subscription Required)

Catholic Law School Claims Professors Are Ministers
(DBN Subscription Required)

Indiana Law School Seeks 24.5% Tuition Boost
(DBN Subscription Required)

Former Illinois Law Dean Testifies About Pressure to Accept Favored Applicants
(DBN Subscription Required)

U of I Law School Got Scholarship Cash for Clout Admissions
(DBN Subscription Required)

Is this cartoon about the University of Illinois's law school, or Villanova's?
(DBN Subscription Required)

'Holier' Than Thou: Motion to Compel Defense Counsel to Wear Appropriate Shoes at Trial
(DBN Subscription Required)

Everyone's Favorite Cravath Alum Feeling Overtaxed by Sex Offenders Program
(DBN Subscription Required)

Unwinding Is Stressful
(DBN Subscription Required)

Pls Hndle Thx: OCI Strategery
(DBN Subscription Required)

Locke Lord Partner to Run for Ill. Gov
(DBN Subscription Required)

The American Legal System: We'll Always Have Paris
(DBN Subscription Required)

Melvin Belli’s Former Home Listed for $39.5 Million
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Judges:

New Report Looks at Sotomayor by the Numbers
(DBN Subscription Required)

Sotomayor’s Nomination: Today’s News
(DBN Subscription Required)

Witnesses Line Up to Testify at Sotomayor Hearings
(DBN Subscription Required)

Floyd Abrams: The Judge Sotomayor I've Faced
(DBN Subscription Required)

To Get to Sotomayor's Core, Start in New York
(DBN Subscription Required)

Uncommon Detail Marks Rulings by Sotomayor
(DBN Subscription Required)

Ginsburg Defends Sotomayor, Calls ‘Wise Latina’ Flap Ridiculous
(DBN Subscription Required)

Justice Ginsburg: An Affirmative Action Baby?
(DBN Subscription Required)

Judges Call on US to Simplify Sentencing Guidelines
(DBN Subscription Required)

Examiner Says: Censure Judge. Maybe De-Bench Him
(DBN Subscription Required)

4th Circuit Chief Judge Announces Retirement
(DBN Subscription Required)

______________

Wall Street:

US stock futures signal losses
(DBN Subscription Required)

US Stocks Rise as Bank Rally Tempers Economy Concern
(DBN Subscription Required)

US Stocks May Falter as Commodities Retreat, Jefferies Says
(DBN Subscription Required)

New Goldman Conspiracy: They're Seeing Every Trade Before They Happen
(DBN Subscription Required)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN Subscription Required)

______________

Retailing:

Weak retail sales in June raise worries
(DBN Subscription Required)

Kira Plastinina Reopens, People Protest
(DBN Subscription Required)

Ritz Camera probably won't make it through summer
(DBN Subscription Required)

Sears puts out Christmas gear in July
(DBN Subscription Required)

J.C. Penney store sales fall 8.2%
(DBN Subscription Required)

Eddie Bauer Receives Final Court Approval of $100 Million DIP Facility
(DBN Subscription Required)

______________

Municipalities:

Bobb weighs bankruptcy options for Detroit schools
(DBN Subscription Required)

DPS may wind up in bankruptcy
(DBN Subscription Required)

DPS' Bobb calls meeting with ex- bankruptcy judge 'a very sad moment'
(DBN Subscription Required)

California, on the brink, sends IOUs to alcoholics
(DBN Subscription Required)

S.E.C. Wants I.O.U.'s to Be Treated as Securities
(DBN Subscription Required)

Banks Turn the Screws on California
(DBN Subscription Required)

Budget Cuts May Force Illinois To Free 10,000 Prisoners
(DBN Subscription Required)

Detroit Strains to Serve Middle-Class Residents
(DBN Subscription Required)

California counties see property revenue fall
(DBN Subscription Required)

Why We'll Leave L.A.
(DBN Subscription Required)

As the state's finances disintegrate, for many so does the California Dream
(DBN Subscription Required)

Alabama County in Meltdown Mode
(DBN Subscription Required)

One Festival the Mayor Can't Get Behind :)
(DBN Subscription Required)

______________

Food/Drink:

Third Dunkin' Donuts franchisee files for bankruptcy protection
(DBN Subscription Required)

______________

Oil/Gas:

Oil Rises From 7-Week Low as US Jobless Claims, Dollar Drop
(DBN Subscription Required)

Oil Weakens as Recovery Hopes Dim
(DBN Subscription Required)

Ex-SemGroup executives sue partnership over compensation
(DBN Subscription Required)

New front in SemGroup fight
(DBN Subscription Required)

______________

Agriculture:

A Dairy Farm Can't Lay Off the Cows
(DBN Subscription Required)

______________

Insurance:

AIG May Have Zero Value After Rescue, Citigroup Says
(DBN Subscription Required)

______________

 

 

 

Economy:

565K new jobless claims, lowest level since Jan.
(DBN Subscription Required)

Initial Claims Worse Than You Think
(DBN Subscription Required)

Employment is NOT a lagging indicator
(DBN Subscription Required)

In fundamental shift, consumers are saving rather than spending
(DBN Subscription Required)

Inventories at US Wholesalers Fell for Ninth Month
(DBN Subscription Required)

"Children of the Recession" Offer Answers
(DBN Subscription Required)

Buffett Compares 1st Stimulus to Viagra Candy Combo
(DBN Subscription Required)

Says unemployment could hit 11%
(DBN Subscription Required)

Economists Oppose More Stimulus
(DBN Subscription Required)

Pimco's Clarida Says No Traditional Postwar Recovery
(DBN Subscription Required)

Pimco leaves Wall St. asking why it nixed toxic-asset plan
(DBN Subscription Required)

New Details On Toxic-Assets Program Fail To Inspire Confidence
(DBN Subscription Required)

A Second Stimulus Package? Yikes!
(DBN Subscription Required)

Both Obama and his critics are wrong about the stimulus package
(DBN Subscription Required)

It's Not Just a Recession. It's a Mancession!
(DBN Subscription Required)

Deloitte's New Shift Index - Elegant Framework For A Complex World
(DBN Subscription Required)

Advice from an Economist Who Saw 1929
(DBN Subscription Required)

Tussle over TARP bailout exit strategies
(DBN Subscription Required)

Economy Tracker Map
(DBN Subscription Required)

Recovery Index
(DBN Subscription Required)

______________

Real Estate:

Mortgage rates fall a second week
(DBN Subscription Required)

Geithner Urges More Mortgage Help
(DBN Subscription Required)

Mortgage Firms Asked To Modify More Loans
(DBN Subscription Required)

Expect More Home Price Declines Almost Everywhere
(DBN Subscription Required)

Commercial Real Estate Is a 'Time Bomb,' Maloney Says
(DBN Subscription Required)

Apartment vacancies highest since 1987
(DBN Subscription Required)

California Commercial Real Estate Rebound Could Come in 2011
(DBN Subscription Required)

Manhattan Rents Collapse 17%
(DBN Subscription Required)

NYC Distress Tops $9 Billion
(DBN Subscription Required)

Commercial real estate woes grow
(DBN Subscription Required)

Commercial real estate pain good for some
(DBN Subscription Required)

Conner Homes losing projects to bankruptcy
(DBN Subscription Required)

Rulings favor creditors' committee in Tousa bankruptcy case
(DBN Subscription Required)

Opus West will auction its assets
(DBN Subscription Required)

Woodmont TCI Group files for bankruptcy
(DBN Subscription Required)

Developer Skidmore files for bankruptcy
(DBN Subscription Required)

At Beazer Homes, It Was See No Evil and Pay No Penalty
(DBN Subscription Required)

Spare $4 million? Downtown Boise 'pit' up for sale
(DBN Subscription Required)

_____________

Autos:

"New GM" ready to exit bankruptcy
(DBN Subscription Required)

Congress v. bankruptcy law in bid to protect dealers
(DBN Subscription Required)

US Congress Seeks To Reverse GM, Chrysler Dealer Closings
(DBN Subscription Required)

Big 3 tangled in state dealer laws
(DBN Subscription Required)

Dealerships find way to ride out brand loss
(DBN Subscription Required)

Congress risks botching auto company repairs over dealers
(DBN Subscription Required)

An appeal of GM's sale is a nonstarter
(DBN Subscription Required)

Whirlwind auto deals raise conflict questions
(DBN Subscription Required)

GM Bankruptcy Media Roundup
(DBN Subscription Required)

GM Expects Sale of Assets to 'New GM' by Friday
(DBN Subscription Required)

GM may cut workers' health care, union says
(DBN Subscription Required)

A Muscle Car to the Rescue for General Motors
(DBN Subscription Required)

GM's life after bankruptcy doesn't get easier
(DBN Subscription Required)

Ford May End General Motors' 78-Year Run as Top US Automaker
(DBN Subscription Required)

If GM emerges, 'unthinkable off table'
(DBN Subscription Required)

Time is ticking for General Motors ex-CEO Rick Wagoner
(DBN Subscription Required)

US officials seek to cut Rick Wagoner's exit package
(DBN Subscription Required)

GM to Lose Market Share on Lack of New Products, Merkle Says
(DBN Subscription Required)

GM Leftovers May Languish in Bankruptcy Court for Years
(WSJ: separate paid subscription required)

General Motors Considers Changing Logo Color to Green
(DBN Subscription Required)

GM Moraine property indefinitely mired in bankruptcy case
(DBN Subscription Required)

GM's Sleepy Hollow Nightmare Shows Perils for Closing Factories
(DBN Subscription Required)

Bids on Delphi due today; few offers expected
(DBN Subscription Required)

Six suitors, including TRW, eyed Delphi-sources
(DBN Subscription Required)

Lee seeks hearings on Delphi pensions
(DBN Subscription Required)

Lear Prohibited From Tapping Canadian Plants for Cash
(DBN Subscription Required)

Lear Receives Approval of First Day Motions
(DBN Subscription Required)

Objection filed to Intermet bankruptcy plan
(DBN Subscription Required)

Opel's Schild Says BAIC Bid Is Alternative to Magna's
(DBN Subscription Required)

______________

Fraud:

Madoff: I'll do the time
(DBN Subscription Required)

Ruth Madoff's One-Bedroom
(DBN Subscription Required)

SEC Official Says Her Resignation Isn't Tied to Madoff
(DBN Subscription Required)

Claims Total Over 15,400 in Fraud by Madoff
(DBN Subscription Required)

Stanford Will Remain in Jail Until Trial, Judge Rules
(DBN Subscription Required)

Prosecutors Resort to Wealth P--- in Dreier Case
(DBN Subscription Required)

Paris Hilton film trial rooted in Miami man's alleged Ponzi scheme
(DBN Subscription Required)

Real Estate Ponzi Scheme Alleged in SoCal
(DBN Subscription Required)

Private Party May Face Criminal Liability for Aiding Honest Services Fraud, Rules 3rd Circuit
(DBN Subscription Required)

______________

Newspapers:

One Investment Firm Plays Role in 3 Biggest Newspaper Bankruptcies
(DBN Subscription Required)

The Eagle Times files for bankruptcy protection
(DBN Subscription Required)

News group $225 million in debt after bankruptcy
(DBN Subscription Required)

______________

Pensions:

Consultants say suspended 401(k)matches may never return
(DBN Subscription Required)

______________

Mining:

3rd bidder vies to take over Asarco
(DBN Subscription Required)

______________

Corporate Reform:

U.S. Moves to Shed Light on "Dark Markets"
(DBN Subscription Required)

Why There Should Be More Oil Speculation, Not Less
(DBN Subscription Required)

Geithner Said to Seek New Derivatives Regulation
(DBN Subscription Required)

Frank Introduces Consumer Protection Legislation
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN Subscription Required)

____________

Health Care:

Highly Questionable Medical Bankruptcy Figures from Fraser Institute
(DBN Subscription Required)

Medical bankruptcies must factor into debate
(DBN Subscription Required)

Cabrini files for bankruptcy protection
(DBN Subscription Required)

Hospitals' Tax Breaks May Be Curtailed
(DBN Subscription Required)

'Rationing' Doctors' Pay
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Keeping score: bankruptcy boom
(DBN Subscription Required)

______________

Banking:

Citigroup's executive shuffle aims to please
(DBN Subscription Required)

Tens of billions remain in bank bailout fund
(DBN Subscription Required)

Geithner drives harder bargain on TARP warrants
(DBN Subscription Required)

U.S. Panel Says Bank Warrants May Be Undervalued
(DBN Subscription Required)

Nope, The P-PIP Probably Still Won't Work
(DBN Subscription Required)

Merrill Shaking Down BofA For Monster Paychecks
(DBN Subscription Required)

Bankslaughter explained
(DBN Subscription Required)

______________

Credit Cards:

US Credit Card Delinquencies Continue at Record Highs
(DBN Subscription Required)

Credit Cards: It's Not Over
(DBN Subscription Required)

______________

Lehman:

Lehman Advisers Win Big
(DBN Subscription Required)

Lehman Brothers Annoys Us Even From the Great Beyond
(DBN Subscription Required)

DBS Sued by Investors for Losses Tied to Lehman Notes
(DBN Subscription Required)

______________

Trucking:

YRC and Teamsters in tentative deal; stock doubles
(DBN Subscription Required)

______________

Aviation:

Losses loom for airlines, but most can stave off bankruptcy – for now
(DBN Subscription Required)

______________

Distressed Investing:

Carlton Group To Auction Distressed Commercial Assets
(DBN Subscription Required)

How Are Soros and Paulson Trading?
(DBN Subscription Required)

______________

Celebs:

Pelosi Blocks Resolution to Honor Jackson
(DBN Subscription Required)

Slugger Dykstra Says Bankruptcy A Step To Success
(DBN Subscription Required)

After bankruptcy filing, Dykstra shares 'actual facts'
(DBN Subscription Required)

Lady gaga broke after spending all her money on outifts
(DBN Subscription Required)

_____________

Tax:

UBS Digs in Its Heels on Clients' Names
(DBN Subscription Required)

Ex-Partner at Tax Firm Pleads Guilty in Shelter Case
(DBN Subscription Required)

______________

Gambling:

Vegas casino developer says it didn't default
(DBN Subscription Required)

Unfinished Fontainebleau Las Vegas spent big on art
(DBN Subscription Required)

Riviera Misses Another Interest Payment
(DBN Subscription Required)

______________

Boating:

Boat Maker On The Hook For Fishing Tournament Fees
(DBN Subscription Required)

______________

Fashion:

Lessons for the luxury industry from the demise of a famous brand
(DBN Subscription Required)

______________

Personal Finance:

Sperm, egg donors increase during recession
(DBN Subscription Required)

Homeless families spike in the suburbs
(DBN Subscription Required)

______________

Derivatives:

Geithner says derivatives blindsided the gov't
(DBN Subscription Required)

Geithner Seeks 'Difficult-to-Evade' Derivatives Laws
(DBN Subscription Required)

B&B senior, subordinated CDS payment triggered
(DBN Subscription Required)

______________

Museums:

In Hard Times, Should Museums Sell Artwork?
(DBN Subscription Required)

______________

Credit Counseling:

FTC Whacks 'Debt Reduction' Operation
(DBN Subscription Required)

______________

Insurance:

Ensuring Coverage for Actions in Response to Investigations
(DBN Subscription Required)

A.I.G. Seeks Government Support for Bonus Payouts
(DBN Subscription Required)

______________

UK:

UK CEOs Rush to Shield Home, Spouse as Regulator Gets Tough
(DBN Subscription Required)

Foxtons Is Told by UK Court That Landlord Terms Are Unfair
(DBN Subscription Required)

______________

Canada:

Canada Pares Less Jobs Than Expected, Joblessness at 11-Yr High
(DBN Subscription Required)

Rumors swirl as CanWest shares plunge in heavy trading
(DBN Subscription Required)

______________

Japan:

Japan's Golf-Club Deliveries Signal GDP Growth
(DBN Subscription Required)

Rothschild Starts Examining 60 Acquisitions in Japan
(DBN Subscription Required)

______________

Australia:

Traveller's approaches creditors
(DBN Subscription Required)

______________

New Zealand:

NZ House Sales Increase 40% on Year
(DBN Subscription Required)

______________

South Africa:

South African Manufacturing Contracted for Eighth Consecutive Month
(DBN Subscription Required)

______________

China:

China's Exports Fall for Eighth Month on Global Slump
(DBN Subscription Required)

______________

Russia:

Russia Cuts Key Rate to 11% in Bid to Spur Lending
(DBN Subscription Required)

______________

 

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).