July 28, 2009

The Daily Bankruptcy News

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Law:

Morris Manning to Cut Associate Pay by Up to 15 Percent
(DBN)

Salary Cut Watch: Morris Manning Salary Cuts Based on Practice Group
(DBN)

DLA Piper: Pushes Back Current Summers Like Weil, Delays 2010 Summer Recruiting Like Orrick
(DBN)

Citigroup Cancels Its 2010 Summer Program
(DBN)

Tipster: More Layoffs at Fulbright & Jaworski
(DBN)

2 Lawyers on the G.M. Case Speak
(DBN)

Experience and fate thrust Jones Day partner John Mazey into the center of Chrysler's historic financial restructuring
(DBN)

Paul, Weiss, Cleary on Ericsson / Nortel Asset Sale
(DBN)

Cooley Loses Another Partner to N.Y. Firm
(DBN)

Female Lawyers in Gaza Must Cover Up
(DBN)

New general counsel have about five days before assessments of them form and harden
(DBN)

BigLaw, Downsized: Firm Moving to Smaller Manhattan Digs
(DBN)

Warning Signs of Big Law Career Self-Destruction
(DBN)

Private equity - tough for the committed, worse for the rest
(DBN)

The WARN Act and Distressed Companies
(DBN)

MegaFirm Finishes Restructuring, Promotes 17 to Partner
(DBN)

Obituary: McCarter & English’s Andrew T. Berry
(DBN)

Tough Times for Tinseltown Lawyers
(DBN)

These Lawyers March to the Beat of Their Own Drums
(DBN)

Law and the myth of social mobility
(DBN)

Spin the Wheel, Get a Corruption Sentence
(DBN)

Defense Attorney's Trial Begins in Witness-Tampering Case
(DBN)

Latest Pay Cuts Hit Profs
(DBN)

Pot and Polos
(DBN)

Will Credit Card Snafu Keep Disabled Law Grad from Taking Calif. Bar?
(DBN)

Sara Granda, disabled law grad, wins fight with state bar to take exam
(DBN)

Ex-BigLaw Associate, 29, Forms Biotech Boutique via Craigslist
(DBN)

Elizabeth Wurtzel: Can She Call Herself a 'Lawyer' Without Having Passed the Bar?
(DBN)

Kash and the Lobster
(DBN)

Wait. They offer those in court? NYC is so craaazy.
(DBN)

Say What?!
(DBN)

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Judges:

Judges Revolt Against Court Shutdown Plan
(DBN)

Sotomayor Endorsements: Oh, It Makes Me Wonder
(DBN)

Sotomayor Running Out of Potential GOP Support
(DBN)

Sessions to Vote Against Sotomayor
(DBN)

Grassley to Oppose Sotomayor
(DBN)

Youths' Right to Sue Case May Vanish With Files
(DBN)

Sources: Former Pa. Judges Created Culture of Fear, Corruption
(DBN)

Ousted From Bench Over Ties to Stripper, Ex-Judge Now Charged With Bank Fraud
(DBN)

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Wall Street:

US Index Futures Decline
(DBN)

Stocks end mostly down day with slight gains
(DBN)

US Stocks Rise as Gain in Home Sales Sends Banks, Builders Up
(DBN)

Surging Profit Estimates Signal 26% Rally for S&P 500
(DBN)

Wall Street under pressure
(DBN)

Wall St Week Ahead: Rally may cool on earnings reality check
(DBN)

The Stock Market's Fragile Rally
(DBN)

Wall Street: Here comes the hard part
(DBN)

Goldman Sachs: Evil Or Just Smart?
(DBN)

How Goldman Sachs makes all that cash
(DBN)

Where Goldman Really Makes Its Money
(DBN)

Tenacious G
(DBN)

Masters Of The Universe Don't GARA If You Like Them Or Not
(DBN)

Break Up Goldman Sachs
(DBN)

Schumer Calls For Crackdown On 'Flash' Trading
(DBN)

SEC Rule on 'Naked' Short-Selling Now Permanent
(DBN)

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Commodities:

CFTC set to curb price spikes in commodities
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Verizon Plans 8,000 Job Cuts
(DBN)

North Dakota, a Place to Go for Employment
(DBN)

A Factory that Refused to Die
(DBN)

Millions wait for delayed jobless checks
(DBN)

To Create Jobs, Tennessee Looks to New Deal Model
(DBN)

When Workers Attack!
(DBN)

Mob beats steel factory executive to death
(DBN)

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Health Care:

Palmaris Imaging files for Chapter 11
(DBN)

A Bid to Tax Health Plans of Executives
(DBN)

Sale of human organs in NJ a worldwide scandal
(DBN)

Obesity Medical Costs Balloon to $147 Billion, Study Finds
(DBN)

25 Million Have Insurance, But Not Enough
(DBN)

Health Care in Crisis: Needless Costs, Needless Deaths
(DBN)

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Autos:

A Cliffhanger to See if a G.M. Turnaround Succeeds
(DBN)

Grading the Progress at the New G.M.
(DBN)

GM and Chrysler, Revisited
(DBN)

US Won't Try to Restrict Boards of GM, Chrysler
(DBN)

Task force head says gov't to sell automaker stock
(DBN)

Obama's auto chief: Government won't sell all its GM stake in stock offering
(DBN)

David Bonderman Part of New GM Board
(DBN)

GM's New Board Members: Up To The Task?
(DBN)

GM's UAW buyout tally is pending
(DBN)

Delphi favors bid from bankruptcy lenders
(DBN)

Delphi Board Approves Plan to Exit Bankruptcy
(DBN)

RHJ says Metaldyne deal rejected by court
(DBN)

Cash For Clunkers Could Hurt Charities
(DBN)

The Sad Truth About the Cash-for-Clunkers Program
(DBN)

'Cash-For-Clunkers' Plan Attracts 16,000 Auto Dealers
(DBN)

GM Expects to Get More Energy Funding
(DBN)

The UAW's Defined Benefactor
(DBN)

Delphi retirees organize
(DBN)

What's ahead for cats cared for at Chrysler plant?
(DBN)

The trouble of cats gone wild
(DBN)

Kansas City-area car dealers fight ditching by automakers
(DBN)

'What ifs' plague today's auto industry
(DBN)

MI 2nd-Worst on Economic Stress Index
(DBN)

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

Is Ford's Profit for Real?
(DBN)

Toyota Closes NUMMI - Public Backlash Likely
(DBN)

Porsche CEO golden parachute seen as excessive
(DBN)

RHJ Doesn't Rule Out Selling Opel Back to GM
(DBN)

EU green light for acquisition of US based Chrysler by Italian Fiat
(DBN)

Opel Workers Prefer Magna, Demand Input on Investor
(DBN)

Magna Offers to Invest More in Opel
(DBN)

Police Corner Protesters at Korean Car Plant
(DBN)

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Finance:

CIT Reworks Tender to Punish Late Exchange of Notes
(DBN)

Retailers hit by CIT fallout
(DBN)

Fear, Falling Demand Keep Loans Shrinking
(DBN)

Bank of America Drastically Cut Small Business Loans after Bailout
(DBN)

New loan for small firms complicated
(DBN)

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Arbitration:

The Revolution Rolls On: JPMorgan Chase Suspends Arbitration Activity
(DBN)

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Telecoms:

Ericsson to Acquire Nortel Unit for $1.13 Billion
(DBN)

Ericsson Confident Nortel Offer Will Win Approval
(DBN)

Ericsson admits hurdles remain in Nortel deal
(DBN)

Ericsson guarantees 2,500 jobs for Nortel employees
(DBN)

Nortel's Auction, Ericsson and the Power of 30 Million
(DBN)

RIM can’t be counted out yet in bid for Nortel, analysts say
(DBN)

Ottawa considers blocking Nortel deal
(DBN)

Nortel, RIM in wireless patent talks - source
(DBN)

Keep Nortel technology Canadian, says Ont. minister
(DBN)

Balsillie back in corner, elbows up
(DBN)

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Ratings Agencies:

Rating firms could lose their special status
(DBN)

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Pensions:

CalPERS appears to be a willing victim
(DBN)

The Great Pension Robbery
(DBN)

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Tax:

IRS Agents Tailing UBS Banker Visits
(DBN)

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Economy:

Bernanke Feared a Second Depression
(DBN)

Bernanke: Only 25 Financial Firms Matter
(DBN)

Bernanke: Bailing out firms disgusting, but necessary
(DBN)

Richard Posner: Nope, Fed Probably Won't Stop Inflation In Time
(DBN)

Consumer Sentiment Drops
(DBN)

Fed asks US households to help with finance survey
(DBN)

Americans Rate Fed Worst Among 9 Key Agencies
(DBN)

Recession works way into pop culture
(DBN)

Was the AIG bailout a Goldman bailout by proxy?
(DBN)

A Bailout Ballad
(DBN)

Deloitte issues gloomy economic outlook
(DBN)

US hopes China talks spur economy, job creation
(DBN)

Manufacturers Cautiously Optimistic about Mid-Year Economic Outlook
(DBN)

Why is America losing millionaires?
(DBN)

Roubini, Schwartz Square Off Over Bernanke Reappointment in NYT
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

New-home sales up 11% in June from previous month
(DBN)

Housing ‘News Sounds Better Than It Looks’
(DBN)

Homes Sales Up 11%, and Down 21%
(DBN)

Homeowner Vacancy Declines, But So Does Homeownership
(DBN)

Mortgage rates edge up after falling 3 weeks
(DBN)

Fed moves to make mortgages clearer
(DBN)

Real estate stocks climb as prices fall
(DBN)

Actually, There Will Be TWO Housing-Market Bottoms...
(DBN)

Home Prices Fall 19% Toward a 2010 Bottom
(DBN)

Luxury prices keep falling
(DBN)

Double-Digit Unemployment, Double-Barreled Trouble
(DBN)

Home Builders Face Lending Crisis
(DBN)

Texas leads the nation in homebuilding
(DBN)

San Diego high-rise condo market goes from frenzy to fizzle
(DBN)

Almost $165 Billion in Commercial Mortgages to Come Due in '09
(DBN)

Bernanke: Market for securities backed by commercial mortgages 'completely shut down'
(DBN)

Loan balloons coming, could trigger new foreclosure 'tsunami'
(DBN)

Lenders failed to heed red flags
(DBN)

Mortgages Ltd. emerges from Chapter 11
(DBN)

Creditors for Wall feel angst
(DBN)

Trinity Town Center's developers, lenders blame each other for the stalled project's troubles
(DBN)

New Appraisal Code Raises a Row
(DBN)

Appraisal rules can complicate selling a house
(DBN)

Real estate appraisers take it on the chin
(DBN)

Lifelines for Those 'Underwater'
(DBN)

Mortgage Servicing Update
(DBN)

Big offices now white elephants
(DBN)

Recessionomics: Tim Geithner Can't Sell House, Either
(DBN)

Ben Bernanke says Fed didn't act quickly enough to stop reckless mortgage lending
(DBN)

New Home Sales and the Impact of the $8,000 Homebuyer Credit
(DBN)

First-Time Home Buyers Eager to Reap Tax Credit Benefits, but Unsure of Details
(DBN)

Dodd Calls For Investigation of HAMP Violations
(DBN)

Give Us Your Poor, Your Tired, Your Entire Country
(DBN)

Senators allegedly told of Countrywide favors
(DBN)

Foreclosures Are Often In Lenders' Best Interest
(DBN)

Mortgage Modification Reconsidered
(DBN)

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Fraud:

Sir Allen discovers there's no air conditioning in jail
(DBN)

Stanford's Shredded Florida Papers Being Reassembled
(DBN)

Kuwaiti charged with fraud in US kills himself
(DBN)

Another Ponzi Scheme–With Yachts
(DBN)

Kerviel Lawyer Says SocGen Managers Knew of Trading Positions
(DBN)

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Hedge Funds:

NIR Group Subpoenaed By SEC
(DBN)

Was SEC slow to probe NIR Group?
(DBN)

______________

Municipalities:

California's IOUs: Latest Sub for Dollars
(DBN)

California Tears Safety Net That Saved Raffta From Bankruptcy
(DBN)

Schwarzenegger Will Sign Budget Deal Closing $26 Billion Gap
(DBN)

Paying Up
(DBN)

Detroit's Schools Are Going Bankrupt, Too
(DBN)

S. Ind. town considers bankruptcy over $1.4M debt
(DBN)

Detroit Mayor Dave Bing: 'We are broke'
(DBN)

Bankruptcy a good option for Detroit
(DBN)

______________

Celebs:

Bankruptcy Is Dykstra’s Weapon of Choice
(DBN)

NFL Commissioner Conditionally Reinstates Vick
(DBN)

______________

Executive Compensation:

Pay Czar to Rework 'High' Contracts
(DBN)

U.S. Set to Renegotiate Pay at Seven Firms
(DBN)

House May Vote on Executive Pay Plan
(DBN)

______________

Derivatives:

Five Firms Hold 80% of Derivatives Risk
(DBN)

BlueMountain Fund Climbs 18 Percent Through June on Credit Bets
(DBN)

Derivatives bill to clamp down on speculation
(DBN)

______________

Bankruptcy Crimes:

Dwek hid assets from creditors - with the blessing of prosecutors
(DBN)

Dwek's role as FBI informant was "worst-kept secret in New Jersey"
(DBN)

Just who is Solomon Dwek?
(DBN)

______________

Food/Drink:

Judge OKs using cash to keep Bashas' shelves stocked
(DBN)

Bashas' faces uphill battle against newer, larger grocery chains
(DBN)

State Agrees To Cut Fine Against Slaughterhouse
(DBN)

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Skiing:

Bankruptcy battle erupts over Mount Holly Club
(DBN)

______________

Small Business:

Small businesses are sinking
(DBN)

Small businesses forced to cut raises
(DBN)

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Metals:

Creditors vie for what's left of Integrity Manufacturing
(DBN)

______________

Newspapers:

As It Cuts Jobs, Gannett Also Cuts Severance Pay
(DBN)

Tribune asks for more time for bankruptcy plan
(DBN)d

Wrigley Hosts Financiers for Cubs
(DBN)

Ann Arbor News publishes its final edition
(DBN)

______________

Mining:

Grupo Mexico Amends Its Reorganization Plan for ASARCO
(DBN)

______________

Consultants:

Restructuring and Turnaround Specialist Daniel Williams Joins PricewaterhouseCoopers' U.S. Restructuring and Recovery Services Practice
(DBN)

______________

Lehman:

A Colossal Failure: Laying blame for Lehman's fall
(DBN)

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Credit Cards:

Credit card issuers will soon have to spell out more details on bills
(DBN)

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Fashion:

Lacroix in Joint Bid for Own House
(DBN)

______________

Distressed Investing:

LBOs Increase as Firms Plan Distressed Investments, Survey Says
(DBN)

______________

Financial Literacy:

Reaching the College Crowd
(DBN)

Buffett to tutor kids in finance in Web series
(DBN)

______________

Credit Counseling:

Debt-settlement companies may leave you deeper in debt
(DBN)

______________

Religion:

Trial Reveals Evangelist's Hidden Cash, Properties
(DBN)

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Bonds:

Junk bond yields slide as rising defaults don't scare buyers
(DBN)

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Accounting:

CFOs Not on the Recovery Bandwagon Yet
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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:

Which industry is likely to see the most bankruptcies in the next year?

Click here to vote and see results

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Bankruptcy Litigation:

Tronox creditors sue banks over spin-off deal
(DBN)

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Bankruptcy Statistics:

Bankruptcy filings in WA surge 52% in first half from year ago
(DBN)

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Corporate Reform:

Warren - Longtime critic joins government
(DBN)

Geithner Defends Consumer Plan, Snubs Regulator Pleas
(DBN)

Finance Officials Draw Battle Lines on Reform
(DBN)

Geithner urges end to 'dumb regulation'
(DBN)

Antitrust Chief Hits Resistance in Crackdown
(DBN)

An Early-Warning System, Run by the Fed
(DBN)

______________

Banking:

Bank regulators resist Obama's encroachment on their turf
(DBN)

FDIC seizes 7 banks, sells to PE
(DBN)

More Bank Failures in the Last Five Weeks Than in All of Last Year
(DBN)

Get ready for banking's next headache
(DBN)

Security Bank Corp. shut down
(DBN)

Wells Fargo Buys Mortgage Bonds as Defaults Rise
(DBN)

Texas-sized bank failure looms for Guaranty Financial
(DBN)

You Gotta Love Sheila Bair
(DBN)

Lender Failures Reach 64 as Georgia Shuts Security Bank's Units
(DBN)

Under pressure from Feds, Harleysville Nat'l selling self
(DBN)

Main Street's soaring sour loans
(DBN)

Citi exec's pay package may spark gov't showdown
(DBN)

Citi trader Andrew Hall fights for $100m bonus
(DBN)

JPMorgan Said to Raise Some Banker Salaries in 2010
(DBN)

How to Avoid Bank Bailouts
(DBN)

A Little Too Responsible? That’ll Cost You
(DBN)

A Retreat From Global Banking
(DBN)

Bill Would Shut out Countries With Lax Bank Rules
(DBN)

Fed Trims Program for Loans to Banks
(DBN)

Anatomy of buying a troubled bank
(DBN)

Politicians Accused of Meddling in Bank Rules
(DBN)

Deutsche Bank Profit Jumps as Securities Trading Picks Up
(DBN)

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History:

Green Shoots . . . from 1930
(DBN)

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Aviation:

New bankruptcies loom over airline industry
(DBN)

Airline workers at LAX create temporary homes
(DBN)

Superior Air Parts auction likely to focus on equity
(DBN)

Airlines hike fees again as travel slows down
(DBN)

Airline industry has hit bottom, staying on bottom
(DBN)

Ryanair Vs. Ryanair
(DBN)

EADS profit climbs 76%
(DBN)

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Insurance:

Ace Second-Quarter Profit Falls 28% on Investment Declines
(DBN)

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Pharma:

Argolyn Biosciences Goes Broke
(DBN)

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Personal Finance:

Our Payments Were Automatic. Stopping Them Wasn’t.
(DBN)

Rethinking Bankruptcy
(DBN)

Finding Help for the First Time
(DBN)

More Americans Paying Bills On Time, Still Feeling Skittish On Spending
(DBN)

Disaster Victims Hit With Credit Damage
(DBN)

Proof That the Economy Is Taking Its Toll on Socialites
(DBN)

Baby boomers cut free-spending ways
(DBN)

______________

Resorts:

All That Glitters…
(DBN)

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Building Materials:

Suit: Sencorp CEO acted improperly, cost people benefits: Ex-employees claim conspiracy; Juilfs calls it personal attack
(DBN)

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Hotels:

Bray & Gillespie bankruptcy ends; will continue to run 16 hotels
(DBN)

St. Regis' plight bodes ill for struggling top hotels
(DBN)

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Auto Racing:

Allstate drops NASCAR sponsorship
(DBN)

______________

Oil/Gas:

Black Diamond Energy owners struggle as their bank seeks to write off its loss
(DBN)

CFTC Shuts 'Enron Loophole' for Gas, Limits ICE Swaps
(DBN)

Catsimatidis may have played role in SemGroup revival
(DBN)

______________

Agriculture:

Farmer Suicides on the Rise
(DBN)

______________

Hockey:

Coyotes bid includes Canada games
(DBN)

NHL backs whatever bid keeps Coyotes in Arizona
(DBN)

New Bidder Seeks to Take Coyotes to Saskatoon
(DBN)

Desert dogs or prairie dogs, Coyotes still a mess
(DBN)

______________

Retailing:

A weary smile for Eddie Bauer and Ritz Camera
(DBN)

______________

Education:

Kendall College's financial turnaround seems to be for real this time
(DBN)

______________

Gambling:

Tropicana Entertainment’s $100,000 Check
(DBN)

Granite State Poker takes chance on bankruptcy
(DBN)

______________

Bankruptcy Crimes:

Jury selection begins in Dynus trial
(DBN)

______________

Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Motorcycles:

S&P cuts ratings on Harley-Davidson, says motorcycle sales falling faster than expected
(DBN)

______________

UK:

Pre-pack figures suggest foul play
(DBN)

UK Pub Chains Grow in Recession Even as Closures Hit Record
(DBN)

British economists send apology to queen
(DBN)

It's not just banks who have to shore up finances, their employees do too!
(DBN)

Chancellor faces a bank lending battle
(DBN)

Darling Demands Cheaper Loans for UK's Small Companies
(DBN)

Hopes of recovery ahead of reality
(DBN)

Leonard Curtis pledges support to APPG on insolvency
(DBN)

Mazars called in at Livingston FC
(DBN)

UK Land Registry House Prices Show First Rise in 17 Months
(DBN)

Northern Rock Shareholders Lose Appeal
(DBN)

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EU:

Europe braced for credit card defaults
(DBN)

______________

Canada:

The Nortel Auction and Canadian Pride
(DBN)

Arclin files for bankruptcy to aid in restructuring
(DBN)

Montreal Financial Adviser Earl Jones Is Arrested, CBC Reports
(DBN)

______________

Spain:

Spanish Despair Rises as Jobs Shrink
(DBN)

Santander May Post Profit Decline on Loan-Loss Provisions
(DBN)

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Italy:

Risanamento Creditors Propose EU500 Million Plan, Ansa Says
(DBN)

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Australia:

$200bn ticking debt bomb
(DBN)

______________

Middle East:

Pay up or go to jail, banks tell debtors
(DBN)

______________

South Africa:

South Africa's Unemployment Rate Increases to 23.6%
(DBN)

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