July 14, 2009
The Daily Bankruptcy News
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Law:
In dark economic times, rays of hope for junior associates
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Staff Layoffs at K&L Gates: It's Not The Number, It's The Manner
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Dreier Gets 20-Year Sentence for 'Betrayal of Trust'
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Name Partner at National Firm Charged With Breaking Nine Bar Rules
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Governor in Hot Water Over Hogan & Hartson Hire
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Freshfields Hires Former BofA Deputy GC
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Matthew Sanderson of Looper Reed & McGraw Licensed as Solicitor
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Firm Offers Lawyers Four-Day Week, Chance to Buy Extra Vacation
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After Leading Civil Rights Triumph, Black Legal Hero Was Never Found
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Is a Lawn Mower a Motor Vehicle? Man's Felony Theft Sentence Could Ride on the Answer
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Could There Be Accreditation for Distance Learning Law Schools in the Not-So Distant Future?
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Former Ballard Spahr Attorney Becomes Alleged Drug Mule
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Say What?!
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Judges:
Praise, Skepticism Greet Sotomayor
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Sotomayor: The Afternoon Session.
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Sotomayor Addresses Criticisms on First Day of Confirmation Hearing
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Sotomayor vows impartiality
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Repeatedly Referenced 'Wise Woman' in Speeches
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'Umpire' Analogy Is Assailed
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Pro-life protesters interrupt hearing
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'Jane Roe' Arrested
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Democrats Play a Little Offense in the Sotomayor Hearings
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Firefighter Under Fire for Scheduled Testimony in Sotomayor Hearings
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Senate Sermons: The Philosophy of Judging
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Sotomayor Hearings Begin: Sens. Leahy and Sessions Rattle Their Sabers
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Sotomayor: Get Ready For Comparisons To Souter
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The Seinfeld Hearings
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What Alberto Gonzales Would Like to Ask Judge Sotomayor
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KC Royals Quiz Sotomayor :)
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Megyn Kelly v. Sonia Sotomayor: Who Wore It Better?
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Wall Street:
US Stock-Index Futures Advance
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Stocks Advance, Bonds Decline Before Goldman Sachs Earnings
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Stocks set to keep rising
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Goldman executives sold $700m of stock; Selling surge came amid bailout
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Goldman Sachs Likely to Post Huge Profits, Analysts Say
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Putting That Goldman Sachs Expected Profit in Perspective
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Teenager's Report Has London Atwitter
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Layoffs:
National and State by State Unemployment Rates
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Robots Join the Ranks of the Unemployed
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Finance Layoffs: Wells Fargo and Advanta
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Autos:
Steven Rattner leaving auto task force
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Did He Leave In Scandal?
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GM bankruptcy seen bringing chain effect: auditor
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Lutz Says GM to Be Run 'Like A Private Company'
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Now for the hard part
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Auto Parts Makers Struggling to Steer Out of Bankruptcy
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Lear Corp. hoping to restructure debt, stem rebellion by suppliers
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And You Thought Detroit Had Issues
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GM Bankruptcy Judge Approves Delphi Asset Purchase
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Visteon Bonus Plan Stirs Opposition
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Supplier JL French back in bankruptcy court
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New Chrysler Dumping Viper? Not So Fast
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Lear says union workers were 'disruptive'
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GM Has High Hopes for Asia After Bankruptcy Exit
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U.S. Eyes Health of Auto Suppliers
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RHJ back in race for Opel stake
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Tax:
UBS in last-ditch talks with US government to protect client anonymity
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DOJ-UBS Compromise Targets Biggest Tax Cheats
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UBS Tax Case Unsettles Account Holders
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'Tough' Judge Adjourns UBS Tax Case Until August
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Negotiations Continue In UBS Tax Dispute
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How UBS's Legal Troubles Are Hurting Its Business
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Poking holes in the Swiss
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Swiss Bluster Pays Off For UBS
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US Likely To Take Hard Line In UBS Case
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UBS Tax Case A Ride For Account Holders
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Economy:
Budget deficit tops $1 trillion for first time
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June budget gap $94.32 billion
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Geithner Says Global Economy Faces Setbacks on Recovery Path
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Geithner says force of global recession receding
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Zuckerman: The Economy Is Even Worse Than You Think
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Geithner says growth may occur this year
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Economy Tracker Map
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Recovery Index
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Real Estate:
One in Four Mortgage Defaults May Be ‘Strategic’
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Feds mulling mortgage aid for unemployed
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Closings, cutbacks, defaults, bankruptcy news
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Condo associations forced into bankruptcy
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HI: Keeping above water demands creative thinking
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Finance:
Moody's cuts CIT further into junk on liquidity woes
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Could CIT Survive Bankruptcy?
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CIT Ch. 11 may put dent in DIP lending
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CIT plus Skadden doesn't equal Ch. 11, right now
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CIT Rises on `Active' Talks for US Aid
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Short-term government support then acquisition may be best option
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Washington's CIT riddle
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Moody's, S&P weigh in on CIT Group sell-off
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CIT Doesn't Get the GE Treatment
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CIT Group bonds fall sharply amid liquidity talks
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CIT Group Scrambles to Survive, Avoid a Run
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CIT Watch: Analysts Says Debt Load Isn't the Only Problem
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CIT seeks government support
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Lender's Financial Issues Could Have Ripple Effect
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Geithner Says US Has Authority to Address CIT
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Geithner: Watching CIT developments closely
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CIT: Not Too Big to Fail
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European CDOs would suffer widespread hit from CIT
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Food/Drink:
Arizona's Bashas' seeks Chapter 11 reorganization
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Oil/Gas:
Oil rises above $60 on signs Asia growth reviving
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Mass Torts:
Calif. Supreme Court Declines to Review 'Judicially Sanctioned Extortion'
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Media:
Broadcasters Seek Federal Aid
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Sinclair says it might consider bankruptcy
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Hockey:
Coyotes bankruptcy : Moyes, NHL face-off again
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With Coyotes, Spectator isn't sitting idly by
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League brass will submit to questioning
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Bankruptcy Statistics:
Iowa bankruptcies up 27 percent
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Tech:
Rocky Mountain Instrument files Chapter 11; cites 2007 raid, recession
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Bonuses:
Another $230 Million in AIG Bonuses: Why Don't We Take Our Chances?
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AIG bonuses 'extremely disappointing': Kanjorski
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Ballet:
Ballet Florida files Chapter 7
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Rating Agencies:
US SEC creates credit rater inspection squad
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Fitness:
Belt-Tightening Hurts Gyms
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Health Care:
St. Francis sisters may file HMC plan
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Gambling:
Fontainebleau builder says it's protected from paying severance
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Accounting:
Audit Overseer Faults BDO, Grant Thornton
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(2 new opinions today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:
(1)-
(2)-
(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
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Aviation:
Judge approves Republic plan to buy Frontier
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Airlines, Already Suffering, Brace for Further Woes
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Bankruptcy puts your frequent flier miles at risk
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ASA furloughs 56 more pilots
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Air Canada's biggest union votes on key deal to restructure airline
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British Airways Says Job Cuts Vital, May Sell Convertible Bonds
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British Airways fighting for survival, CEO says
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Fraud:
Top Stanford Aide Plans to Plead Guilty Soon
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Judge sets bond for former Stanford exec Davis
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Allen Stanford Appeals Bail Decision
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Madoff's new home: Atlanta
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Nothing Could Be Finer Than Madoff In Carolina?
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Insurer Claims Worker Hid Madoff Trusts
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Ga. Lawyer Pleads Guilty to Ponzi Scheme Worth $2 Million
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Big Potatoes: NY BigLaw Partner Convicted in $2.4 Billion-With-a-B Fraud
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Lawyer Gets 20 Years in $700 Million Fraud
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Banking:
BofA should pay US a break fee for guarantee
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Banks Made 'Bloody Fortune' While Subsidized by US
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Bank Earnings: A Foggy Second Quarter
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Personal Finance:
Stress Test for the American Safety Net
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Private Equity:
1H Buyout-Backed Bankruptcies By The Numbers
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Magazine:
Business Week sale may fetch only $1
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Baseball:
Cubs May Slide Into Bankruptcy
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Will the Cubs get tagged out by bankruptcy?
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Manufacturing:
Sulzer's H1 orders down 29%, sees no quick recovery
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RathGibson files Chapter 11
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Derivatives:
Tim Geithner's latest headache
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Pharma:
Oscient Pharma files for bankruptcy
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Retailing:
Eddie Bauer bankruptcy auction may draw crowd
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Mattress Retailer Faults Stores, Executive Team
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Telecoms:
Nortel's 'garage sale' is attracting more vultures
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UK:
UK annual inflation slows to 1.8% in June
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Will Woolworths shares be resurrected?
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Record bankruptcy in Wales as debt timebomb goes off
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London Turns Eye to Empty Mansions
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Fewer profit warnings issued
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Begbies' results boosted by insolvencies
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PwC investigating MG Rover assets sale
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UK Economist Wages Rise, Top Earner Gets 1.5 Million Pounds
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EU:
Rise in eurozone factory output
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Germany:
German Investor Confidence Unexpectedly Fell in July
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Canada:
Adoption agency's bankruptcy devastates families
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Shermag wins extension to CCAA deadline
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