May 13, 2009
The Daily Bankruptcy News
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Law:
2010 Already Looking Chilly for Summer Associates
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Firm Survey: No Radical Changes Ahead
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William Henderson and the Drinker Biddle Move
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36 Dechert Partners Taking Pay Cuts
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Partner of the Day: Barton Winokur Takes a $1 Million Pay Cut
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Day Pitney Lays Off 20 Attorneys
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Stealth Layoff Watch/Impending Layoff Watch: Willkie Farr
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Sullivan & Cromwell Spring Bonus (And: The 2009 Summer Associate Budget)
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Happiness Set Point Permanently Lowered by Unemployment
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Some Deferred Start Dates May Become Withdrawn Job Offers
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Michelle Obama: Why I Left BigLaw
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Law Firm Business Model Isn't Changing All That Much, Survey Says
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Lovells Italy insolvency chief quits for Gianni
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Law firm CEO cuts own pay by $1M
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Many Women Lawyers With Kids Do as Well as the Men, Researcher Says
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Notes from the Breadline: Comes A Time (Part II)
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Judges:
Supreme Court Betting
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Has the Supreme Court Already Had a Hispanic Justice?
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The Supreme Court Nominee and the Tissue Box Test
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Justice Scalia Tells Law Student Why She Probably Won’t Be His Law Clerk
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House Approves Inquiry to Decide on Federal Judge's Impeachment
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Alcohol Treatment Could Water Down Texas Judge's Sentence
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Wall Street:
US Stock-Index Futures Fluctuate
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Wall Street Ends Mixed
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Among the fears on Wall Street, potential for GM bankruptcy
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The wrath of Big Red
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Layoffs:
National and State by State Unemployment Rates
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Job Openings and labor Turnover: March 2009
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Who's Hiring, and Who's Quitting?
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Tennessee mass layoffs balloon in first quarter
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US job openings scarce even as layoffs slow
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Rallies to keep American manufacturing jobs get emotional
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Man goes big in job search
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Layoff Tracker
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Banking:
BNY Mellon raising $1.2 billion through public offering of shares
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Pair of banks questioned
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Tourism:
Memorial Day travel to rebound
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Newspapers:
Judge Authorizes $13M in Tribune Employee Bonuses
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Tribune says papers did not lose money
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Galloway denies he approached Google about NY Times
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Hockey:
Coyotes bankruptcy could impact arena deals
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Goalies, Gretzky Wait For Paychecks
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NHL's Thrashers on the block?
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Fraud:
Madoff Trustee Sues Hedge Fund for $1 Billion
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New Wave of Suits Focuses on 'Intense' Investor Relationships With Madoff
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Madoff subject of 'Frontline' report
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Records Show Billions Withdrawn Before Madoff Arrest
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Stanford Deputy Indicted on Two Counts of Obstruction
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The Fall of the House of Noel
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Executive Compensation:
AIG Trustees Ask CEO to Develop Pay Plan by Year-End
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Pay Dirt: Executive Compensation
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U.S. Considers Financial Pay Guidelines
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Food/Drink:
Postville Marks Anniversary Of Agriprocessors Raid
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Corporate Reform:
Treacy Found Guilty by Jury in Monster Options-Backdating Case
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Entertainment:
Ticketmaster sees ticket sales drop
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Aviation:
Allegiant Air's prudent ways help it soar amid slump in travel
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Insurance:
Allianz Profit Drops 97%
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Economy:
Median home price drops in 90% of U.S. cities
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Trade Numbers Reflect Scope of Slump
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US Posts First Budget Deficit for April Since '83
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Social Security and Medicare insolvency seen closer
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Federal Hiring Frenzy... ...average pay $75,419
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Stimulus Aid Trickles Out, but States Seek Quicker Relief
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Warren: Elizabeth Warren: Back Stabbing PPIP
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Real Estate:
Home Prices in US Drop Most on Record in Quarter
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April foreclosures rise 32 percent
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Home prices slide 14%
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Miami home sales rise 72%
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LA default notices drop in April, foreclosure sales up
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LI foreclosure filings up 29 percent in April
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Michigan exits top 10 in rate of foreclosure
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Some see signs of life in AZ home sales
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US Foreclosure Filings Hit Record for Second Straight Month
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Foreclosure auction buyers finding bargains, report says
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New worry: business realty loans
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U.S. commercial real estate values drop 6% in 1Q
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Minority Gains in Homeownership Erode
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Despite Housing Bust, Homeownership Among Immigrants Remains Steady
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3 things to know about 'underwater' home values
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"Sickly" market sparks commercial mortgage feud
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Golf development files for bankruptcy
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Autos:
Chrysler and the Rule of Law
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The Better Bankruptcy Bureau
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As GM shares dive, W.House working on rescue plan
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Fear fuels wider fight to save GM, auto plants
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Nervous GM bondholders meet in Tampa
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Creditors look to work out GM deal
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GM stock lowest since 1933
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Top General Motors executives dump their shares at knockdown prices
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Stock sales by GM insiders drop a hint: Stay away
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GM executives flee GM shares. But did they take a hybrid?
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Pension deficit threatens GM's viability
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Let's Make It Perfectly Clear About GM
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Why GM May Go Bankrupt
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Reports: GM to export China-built cars to US
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Would-be car moguls seek GM's Saturn network
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Judge OKs Deal to Make GMAC Top Chrysler Lender
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Chrysler bankruptcy is more Magoo than Andretti
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How Chrysler's Bankruptcy Plan Threatens Our Markets
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The Ayn Rand Center on the Chrysler Bankruptcy
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Fiat to decide which Chrysler dealers to keep
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Expecting cuts, Chrysler retirees, dealers get legal help
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More buyouts in works at Chrysler
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After bankruptcy, Chrysler still faces uncertain future
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Chrysler to drop 800 dealers in bankruptcy
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Chrysler dealerships are running low on inventory
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Chrysler's Nagging Quality Issues
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Fiat plans to bypass US exec pay limits
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Chrysler Agreement Prevents Strike by UAW Until at Least 2015
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Chrysler Looks to Exit Some Leases
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Chrysler bankruptcy may take up to two years: report
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Utilities want Chrysler to ensure unpaid bills
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Ford shares sink on share offering
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Ford Gain Eases Holders' Concerns While Awaiting Mulally Profit
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GMAC — The Next Ward of the State
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Auto cuts, tight credit cost Hayes
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The auto industry's pain goes beyond Detroit automakers
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The New Tudors
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Could Automakers Drive a GDP Rebound?
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Canada says GM bankruptcy option is on the table
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What if a Chinese automaker made a bid for one of the Big Three?
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Pensions:
Ex-Blackstone Pension Agent Pleads Guilty to Fraud
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More companies freeze pensions
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Corporate Governance:
Unleashing the Power of Pensions
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Delaware and the Federalization of Corporate Law
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Resorts:
Judge orders Swiss bank to back of repayment line
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(No 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:
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(5)-
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(10)
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Bankruptcy Reform:
Bankruptcy's New Defenders
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Media:
Charter Sues DirecTV Over Bankruptcy Ads
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Oil/Gas:
Oil Climbs to Near $60 on Falling US Inventories
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Aspen Exploration execs plead not guilty to fraud
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Energy Partners, Ltd.: Court Enters Order Restricting Trading by “Substantial Equityholders”
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Bank of America To Help SemGroup In Lawsuit
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Ethanol:
Pacific Ethanol warns again on bankruptcy
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Credit Cards:
Business credit card firm founders
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Advanta blows up; are credit cards doomed?
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Lawmakers Line Up to Amend Credit-Card Bill
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Credit card processing CEO files for bankruptcy protection
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Shipping:
Ships Tread Water, Waiting for Cargo
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Solar:
DayStar Needs More Cash; Threatens Bankruptcy
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Construction:
Homeowners Cut Back Renovations to Recession Size
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Retailing:
General Growth chooses Farallon group for DIP loan
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Circuit City brand, Web site sold at auction
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Consignment Shops Clean Up
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Labor:
Hartmarx struggle reminiscent of past battle
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Hickey Freeman workers plan possible sit-in
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Biden: To rebuild middle class is to help unions grow
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Celebs:
Foreclosure hits Gottis
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Gambling:
MGM Mirage Bond Gains Make Coercive Exchange Unlikely
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Casino Project Sues Lender
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Derivatives:
Blaming CDS holders for a GM bankruptcy
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The Problems with CDS Purgatory
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Municipalities:
States' Tax Collections Continue to Fall
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Apparel:
Broder Bros. May File for Bankruptcy This Week
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Mass Torts:
A judge slams plaintiffs lawyers' torts-for-import game
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Video Games:
Midway creditors committee files complaint against Redstone
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Health Care:
Hospital, medical school to cut 440 jobs
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Health-Care Advocates Skeptical Of Insurers' Pledge
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Health Care, a Lesson in Pain
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Biotech:
Cash-Strapped Neurogen Corp. Looking For A Buyer
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Encorium Group, Genaera look to sell off, wind down operations
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UK:
BOE's King Predicts 'Protracted' British Recovery
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Germany:
Steinbrueck Plan Lets Banks Swap Bad Assets for Bonds
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Canada:
Personal bankruptcies soar in Canada
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Corporate bankruptcies fall in Canada
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Monthly trade surplus widens to $1.1B but bankruptcies keep increasing
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South Africa:
South African Retail Sales Fall at Fastest Pace in Nine Years
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