July 24, 2009

The Daily Bankruptcy News

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Law:

After Brief Respite, More Layoffs at Dechert
(DBN)

Layoff Watch: Layoffs Weeks in the Making Finally Come to Dechert
(DBN)

Layoff Watch: Fulbright & Jaworski
(DBN)

Milbank Cancels 2010 Summer Program in L.A.
(DBN)

Firm cuts working hours and pay: but not billing targets
(DBN)

More Associates Get Hit in Wallet by BigLaw Pay Cuts
(DBN)

FoxMandal looks for external funding as firm struggles to pay staff
(DBN)

Pro B-Oh No! How Some Firms Explain Their 2008 Declines
(DBN)

Sweep of Arrests Underway in ‘Major’ N.J. Corruption Probe
(DBN)

FBI Sweep in N.J. Includes Arrests of Rabbis and Three Mayors
(DBN)

New Jersey Corruption Has Seton Hall Law Connection
(DBN)

Deutsche Bank accused of law firm spy plot
(DBN)

Is New York Still the Capital of Capital Markets Practice?
(DBN)

6 DLA Piper Lawyers Leave Megafirm for Midsize Phila. Practice
(DBN)

Disgusting partner behavior revealed
(DBN)

From $500 Million DOJ Settlement, Only $211,000 Goes to Whistleblower's Lawyers
(DBN)

Bankruptcy Trustee Seeks ‘Smarter than a 5th Grader’ Prize Money
(DBN)

Trio of Firms Look to Dump Lockstep for Merit-Based Associate Pay
(DBN)

Career Centers Adjust in Bad Market
(DBN)

Potential Claims From the TARP Program
(DBN)

Pls Hndle Thx: The Fugitive?
(DBN)

Orrick Posts Be-Your-Own-Venture-Lawyer Tools
(DBN)

Survey Finds Associates, Especially Women, Losing Interest in Making Partner
(DBN)

Adventures in Lawyer Advertising: Legal Ninja For Hire
(DBN)

Lawsuits May Be Down, But the Plaintiffs' Lawyers Haven't Gone Away
(DBN)

Say What?!
(DBN)

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Judges:

Surprise! Key Republican to Vote 'Yes' on Sotomayor
(DBN)

Specter Looks to Undo Scotus Rulings
(DBN)

Appeals Judge Charged in Mortgage Fraud Case
(DBN)

Ex-Judge Pleads Guilty to Bank Fraud
(DBN)

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Wall Street:

 

Wall St jumps to 2009 highs on earnings, housing data
(DBN)

'Main Street: zero. Wall Street: a billion gazillion bajillion'
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Alcatel-Lucent to cut 850 jobs
(DBN)

Still a 'worrisome picture' on U.S. unemployment
(DBN)

Jobless Checks for Millions Delayed as States Struggle
(DBN)

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Newspapers:

New York Times Net Rises on Cost Cuts; Ad Sales Slump
(DBN)

Hey, Newspapers Aren't Completely Screwed Anymore!
(DBN)

Sun-Times' cash position weakened in June
(DBN)

The Ann Arbor News hitting the presses a last time
(DBN)

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Telecoms:

Nortel looks to be worth more dead than alive
(DBN)

Ericsson says it will bid for Nortel wireless unit
(DBN)

Ontario Court to Expedite Nortel Severance Appeal
(DBN)

RIM refuses to give up on Nortel unit
(DBN)

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Television:

Court approves sale of KRON's parent
(DBN)

Gray to run 7 Young stations as part of bankruptcy plan
(DBN)

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Economy:

Roubini Says Chances of 'Double Dip' Global Recession Are Rising
(DBN)

New jobless claims rise to 554K, total rolls fall
(DBN)

Bernanke Missed Threat of Subprime Losses, Book on Fed Says
(DBN)

Fed's Fisher Says 'Faint Recovery' Starting in US
(DBN)

Global financial reform needed, but not in the works
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Home Resales in US Increased More Than Forecast
(DBN)

Mortgage rates little changed
(DBN)

US Bank files $78M suit against Opus, Rauenhorsts and others
(DBN)

Home Sales Recovering in Northeast Region
(DBN)

Senior Mortgage Investors Benefit From US Guidance
(DBN)

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Autos:

Insiders at new GM same as they ever were
(DBN)

Debt reduction pushes Ford to $2.3B 2Q profit
(DBN)

Ford profit impressive, but Mulally still wary
(DBN)

Ford profit a surprise, but repeat not likely
(DBN)

Delphi retirees try to be heard in bankruptcy buzz
(DBN)

Delphi case turns tables on Obama task force
(DBN)

Detroit Lions lose again: Visteon walking away from Ford Field lease
(DBN)

GM names small senior committee, announces government-appointed board of new GM
(DBN)

Hecker's bankruptcy trustee goes after $60000 gifts
(DBN)

Toyota leans toward dissolving joint venture with GM, shutting factory
(DBN)

Toyota overhauling entire U.S. operation
(DBN)

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Rail:

Union Pacific: Some Idled Rail Cars Back In Service
(DBN)

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Chemicals:

LyondellBasell replaces CFO Bigman
(DBN)

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Derivatives:

'Naked' Default Swaps May Be Banned In House Bill
(DBN)

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Personal Finance:

Recession crimping style of youths
(DBN)

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Credit Cards:

Credit card companies defend arbitration
(DBN)

American Express 2Q Net Down 48%; US Card Ops In Red
(DBN)

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Biodiesel:

Mid-America Agri Products goes bankrupt
(DBN)

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Celebs:

Michael Jackson's personal doctor is target of manslaughter probe
(DBN)

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Software:

Microsoft Can’t Evade Downturn’s Tight Grip
(DBN)

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Municipalities:

California Budget Woes to Persist
(DBN)

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Food/Drink:

Mickelson doesn't waffle on this putt
(DBN)

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Banking:

PNC, other US regional banks face more loan losses
(DBN)

Fifth Third put TARP repayment on back burner
(DBN)

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Aviation:

Continental notifies union it may furlough 310 pilots
(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)

This Week's Poll:

Should cramdown be available to underwater Chapter 13 debtors?

Click here to vote and see current results

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Bankruptcy Reform:

Mortgage Cramdown Redux
(DBN)

One Is the Loneliest Number
(DBN)

Is Bankruptcy Mortgage Modification Back?
(DBN)

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Finance:

CIT Bondholder Adviser: Tender Offer Aimed At Out-Of-Court Solution
(DBN)

CIT creditor advisers seek bankruptcy option -source
(DBN)

CIT and the bankruptcy option
(DBN)

CIT Bondholders Push Bankruptcy
(DBN)

CIT's Deal With Creditors: Don Corleone Financing?
(DBN)

Dodd Says US Shouldn't Rule Out Helping CIT Avoid Bankruptcy
(DBN)

Is The Market Underestimating The Potential Fallout From A CIT Collapse?
(DBN)

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Fraud:

Madoff: The Never Discussed Impact Of The Net Equity Question, The Devastating Impact Of Discovery On SIPC's Position, And Argum
(DBN)

Is Jeff Epstein Also Running A Ponzi Scheme?
(DBN)

Investment fund owner charged in $24M Ponzi scheme
(DBN)

Two indicted in $9.7 million Ponzi scheme
(DBN)

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Mass Torts:

'Any Exposure' Causation Theory Packs California Courts With Defendants
(DBN)

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Corporate Reform:

Fees For "Far-out Transactions"
(DBN)

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Accounting:

Accountants' Group Calls for Single Set of International Rules
(DBN)

Audit Firms' Litigation Woes Mount, Report Shows
(DBN)

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Hockey:

City Must Reveal Incentives For Coyotes Bidders
(DBN)

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Tech:

Austin plant remains key in Spansion's post-bankruptcy future
(DBN)

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Bankruptcy Statistics:

Personal Bankruptcies In CT Up 28% In 2nd Quarter
(DBN)

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Tax:

Partnership Bankruptcy Tax Issues
(DBN)

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UK:

Britain’s Economy Shrinks More Than Expected but at Slower Pace
(DBN)

Kerry Katona jubilant as bankruptcy set to come to an end
(DBN)

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Germany:

Hypo May Be Liable for Late Disclosure, Judge Says
(DBN)

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Canada:

Canwest is closing two E! stations
(DBN)

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