July 31, 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:

After 25 years, BigLaw Firm and Client Parting Ways Over Fee Dispute
(DBN)

Zombie Firm Wins Millions in Suit Against Former Client
(DBN)

Will the Recession Be Big Law's Kryptonite?
(DBN)

Contract lawyers' work and class action expenses - ethically problematic?
(DBN)

DLA Piper Lawyer Trades Big-Firm Perks for Boutique Gym Office
(DBN)

Troutman Sanders: Pay Cut is NOT Retroactive.
(DBN)

Layoffs at Fulbright & Jaworski?
(DBN)

Bradley Arant Cuts 35 Staff
(DBN)

Mallesons to Cut 100 Lawyers, Staff
(DBN)

Profits down 50% at SJ Berwin
(DBN)

Dewey & LeBoeuf website causes vertigo
(DBN)

Surprise, Surprise: Mid-Level Associates Feeling ‘Significant Anxiety’
(DBN)

For Midlevel Associates, a Year to Forget
(DBN)

Associates Survey 2009: National Rankings
(DBN)

Associates Survey 2009: Results by City
(DBN)

Associates Survey 2009: Results by Size - Am Law 100 and Global 100 Firms
(DBN)

Associates Survey 2009: Results by Size - The Am Law Second Hundred
(DBN)

Associates Survey 2009: Results by Size - Non-Am Law 100 Firms
(DBN)

Midlevel Associates Rank McKee Nelson Best for Handling Layoffs
(DBN)

Career Center: Last Call for Summer Associates, and What Are the Odds of Making Partner?
(DBN)

Freshfields names Pritchard as new US managing partner
(DBN)

A&O staff wait by their phones to receive marching orders
(DBN)

Karl Rove Tells N.Y. Times: I Relayed US Attorney Hiring & Firing Info
(DBN)

Women Partners Say They’re Still Forced into Support Roles at Firms
(DBN)

Eddie Bauer's legal bill
(DBN)

Pls Hndle Thx: Reverse Schadenfreude
(DBN)

How does today's workload compare to a year ago?
(DBN)

A Very Expensive Typo? Stroock Isn't Sweating It
(DBN)

M&A revival on the horizon
(DBN)

Heller's Broke, But the Fees Keep a'Rising
(DBN)

Sand Castles
(DBN)

3rd Circuit Upholds Bar to Litigation Over Litigation
(DBN)

Attorney Embarks on Multistate Hunt for Boom-Time Investor's Assets
(DBN)

Suspicious Lawyer Reported Law Firm; One Counsel Arrested During Bar Exam
(DBN)

Kwame Kilpatrick Text Scandal Redux: This Time With A Venable Partner
(DBN)

Profs Giving Gonzo Chilly Welcome in Steamy Lubbock
(DBN)

This Is London
(DBN)

Yale's Carter Creates Super Spy Holding Key to Missing Billions
(DBN)

Legal Bills in Pet Pug Custody Case Top $40K as Judge Mulls ‘Subjective Value’
(DBN)

Sheriff's offices releases chase video of 7-year-old driver...
(DBN)

Say What?!
(DBN)

______________

Judges:

Supreme Challenge? Judge Calls Out Scalia Over Heller Language
(DBN)

Judge in Scruggs Case Pleads Guilty to Obstruction of Justice
(DBN)

The Real Battle for the Federal Judiciary
(DBN)

Arnold to Judges: Shape Up
(DBN)

______________

Wall Street:

Stock Futures Rise Modestly Ahead of GDP Report
(DBN)

FTSE Lower Ahead Of U.S. GDP
(DBN)

Rally Spurs Stocks to '09 Highs
(DBN)

How You Finance Goldman Sachs’ Profits
(DBN)

Wall Street Compensation–’No Clear Rhyme or Reason’
(DBN)

Must Read Article on Goldman - If You're Sick of All the Nonsense
(DBN)

It May Be Outrageous, but Wall Street Pay Didn't Cause This Crisis
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

U.S. Initial Jobless Claims Rise by 25,000 to 584,000
(DBN)

Silicon Valley's Jobless Quit Tech
(DBN)

Federal bill would offer additional unemployment benefits
(DBN)

Monster Worldwide Suffers 2Q Loss as Sales Plummet
(DBN)

______________

Politics:

As U.S. recession bites, Ohio hopes fade for Obama
(DBN)

______________

Tax:

1,200 Rhode Island businesses face closure 'unless they pay overdue sales taxes'
(DBN)

Taxing Dilemma for UBS Clients: Confess to IRS, or Wait and See?
(DBN)

______________

Aviation:

Southwest Air Offers Minimum $113.6 Million to Buy Frontier
(DBN)

Frontier Airlines – Emmy Winner?
(DBN)

Southwest’s Bid for Frontier Is Bad News for United
(DBN)

CAW ratifies Air Canada deal
(DBN)

Airlines Profit on Fliers’ Bad Luck
(DBN)

British Airways More Bullish Than Air France Following Losses
(DBN)

______________

Convenience Stores:

Magellan Buys Bankrupt Longhorn's Assets
(DBN)

______________

Photography:

The Coming Annie Leibovitz Fire Sale
(DBN)

______________

Satellites:

Industry Reacts to ProtoStar Bankruptcy
(DBN)

______________

 

 

Economy:

Unemployment rates rise in 90% of metro areas
(DBN)

GDP Report Is Likely to Show Recession Eased in 2Q
(DBN)

Jobless claims show downward trend in hopeful sign
(DBN)

Treasuries Head for Fourth Monthly Decline as Recession Eases
(DBN)

Obama: Risky if firms think they are too big to fail
(DBN)

Obama vigorously defends economic policies
(DBN)

IMF Chief Cautious on Economic Recovery
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Data Shows Housing Getting Better–and Worse
(DBN)

Mortgage Default: Landlord Edition
(DBN)

Florida family gets 32-story condo building -- all to themselves
(DBN)

Fannie, Freddie Won't Repay All Aid, Lockhart Says
(DBN)

30-year mortgage rates rise for 2nd-straight week
(DBN)

PennyMac debuts with a thud
(DBN)

Swindlers steal houses in foreclosure scam
(DBN)

Thornburg creditors seek to block sale of unit
(DBN)

Daily Show Gets Some Laughs Out of Geithner’s Home Troubles
(DBN)

Brokers Audition for the Madoff Listing
(DBN)

Analyst Spies Find Deals in New York City Rental Market
(DBN)

_____________

Fraud:

Judge Blasts SEC for Barking Up Wrong Tree
(DBN)

How a pair of bankrupt Texas grandparents cashed in on Afghanistan's contracting bonanza
(DBN)

CPA Admits to $20 Million Fraud
(DBN)

Could Carmela Soprano Have Been Sued Like Ruth Madoff?
(DBN)

______________

Autos:

Govt to suspend 'cash for clunkers'
(DBN)

Too many clunkers, too little cash
(DBN)

New funding sought for US "clunker" program
(DBN)

When Auto Plants Close, Only White Elephants Remain
(DBN)

The General Motors Diet
(DBN)

Judge approves Delphi sale to lender group, GM
(DBN)

Delphi Judge Overrules Most of 1,900 Objections to Sale Plan
(DBN)

Clunker-nomics 101
(DBN)

Clunker Cash May Run Out
(DBN)

GM's Tax Shelter
(DBN)

Ford sees dramatic 'cash for clunkers' boost
(DBN)

Judge Approves $500 Million In Bankruptcy Financing For Lear
(DBN)

6 Steps to 'Cash for Clunkers'
(DBN)

Detroit area jobless rate tops 17%
(DBN)

FBI agents raid, search Denny Hecker headquarters
(DBN)

Midwest Motors says Hecker trustee wrong about deal
(DBN)

Appeals Court Upholds Lopsided Award Against Ford Motor Co.
(DBN)

GM makes more changes to management ranks
(DBN)

Germany Wants Crash Info From ‘Old’ GM
(DBN)

GM blog lifts hood on power struggle over Opel
(DBN)

Mitsubishi Motors loses $278 million
(DBN)

Audi profit falls 25 pct during first half
(DBN)

______________

Pensions:

Pension Agency Would Be Revamped Under Measure in US Congress
(DBN)

PBGC to Seize Metaldyne Pension Plan
(DBN)

______________

Trucking:

Another big loss for YRC
(DBN)

______________

Celebs:

Judge: Vick's legal fees are too high
(DBN)

Vick Says He's Close to Signing With NFL Team
(DBN)

Hearing set on Vick's revised bankruptcy plan
(DBN)

______________

Resorts:

Empire pulls off move to save it from bankruptcy
(DBN)

______________

Insurance:

Billions in Lehman Claims Could Bury an Elusive Insurer
(DBN)

After Rescue, New Weakness Seen at A.I.G.
(DBN)

Earnings fall sharply at Universal American
(DBN)

______________

Finance:

CIT Investors Cry Foul
(DBN)

Venture Firm Ignition Partners Dealt Another Tough Blow
(DBN)

______________

Debt Collection:

Debt Collections Fastest-Rising Consumer Complaint
(DBN)

______________

Derivatives:

US bill would restrict OTC derivatives holdings
(DBN)

Key lawmakers release principles for derivatives regulation
(DBN)

Derivatives Plan Leaves Open 'Naked' Swaps Issue
(DBN)

Lawmakers Say Have Accord on Derivatives Oversight
(DBN)

______________

Hockey:

Gary Bettman's Act Is Wearing Thin
(DBN)

Moyes objects to Reinsdorf
(DBN)

______________

 

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:

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

Click here to vote and see results

____________

Banking:

Report Shows Bonuses Paid by Bailed-Out Banks
(DBN)

The Cuomo Report’s Bonus Breakdown
(DBN)

Banks Paid $32.6 Billion in Bonuses Amid US Bailout
(DBN)

US Limits on Bank Pay, Bonuses Face Senate, Obama Skepticism
(DBN)

No profits? Here's a fat bonus!
(DBN)

Ackermann Says Bad Loans Are ‘Next Wave’ of Crisis
(DBN)

Hermitage: Bankers May Have Helped with Fraud
(DBN)

Banks edge up borrowing from Fed emergency program
(DBN)

Bank Credit Swaps Head for Best Month Since April '08
(DBN)

HSBC May Post Loss on $15 Billion Bad Loan Provisions
(DBN)

______________

Bankruptcy Communication:

Who says what to whom
(DBN)

______________

Private Equity:

Private Equity: the Barbarians Are Coming, Again
(DBN)

______________

Television:

Court OKs Gray to Run Young Broadcasting Stations
(DBN)

______________

Private Clubs:

Sarasota's University Club files for Chapter 7 bankruptcy
(DBN)

______________

Newspapers:

Eagle Times Owes $5 Million
(DBN)

Judge Defers Creative Loafing Auction Rule Until Aug. 25 Sale
(DBN)

Judge OKs Star Tribune reorganization plan
(DBN)

Pimp hand mightier than the pen
(DBN)

______________

Art:

Art Agent Sues Annie Leibovitz on $24 Million Loan, Rights to Art
(DBN)

______________

Executive Compensation:

US House Panel To Probe Executive Compensation At TARP Recipients
(DBN)

September hearing to review executive pay
(DBN)

______________

Magazines:

Would You Pay Anything For Trader Monthly ?
(DBN)

______________

Municipalities:

Council president: Georgetown not considering bankruptcy protection
(DBN)

One City Battles Foreclosures and Crime
(DBN)

Washington Park declares bankruptcy
(DBN)

______________

Telecoms:

Venture capitalists urge Ottawa to probe Nortel deal
(DBN)

Bidders gird for next Nortel sale
(DBN)

_____________

Oil/Gas:

Crude Oil Declines on Concern Demand Recovery Yet to Take Hold
(DBN)

Court approves SemGroup plan
(DBN)

Total Profit Drops 54% on Crude Prices, Lower Output
(DBN)

______________

Retailing:

It's Christmas at the Mall
(DBN)

Liberty First-Half Loss Widens as Mall Values Decline
(DBN)

______________

Boating:

Brunswick Slashes Boat Production
(DBN)

______________

Gambling:

Lenders battling in Station Casinos bankruptcy case
(DBN)

Las Vegas Sands Loss Widens in 2nd Qtr
(DBN)

Sands Still Hopes to Sell Retail Assets
(DBN)

Businessman Tom Celani offering $450 for bankrupt Greektown Casino
(DBN)

Vegas Casinos Cut Costs, Slash Room Prices in 2Q 1
(DBN)

______________

EU:

Euro-zone consumer prices see record July drop
(DBN)

Euro Zone Unemployment Hits 9.4 Percent
(DBN)

______________

Canada:

Judge delays ruling on Pocklington's asset list
(DBN)

______________

Russia:

Prominent Investor in Russia Claims Wide Fraud Scheme
(DBN)

Russia Stocks Fall From 6-Week High on Credit Suisse Downgrade
(DBN)

______________

Japan:

Japan Jobless Rate Climbs to 6-Year High in June
(DBN)

______________

 

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).