May 19, 2009
The Daily Bankruptcy News
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Law:
Trustee Objects to Kirkland Hire in General Growth Bankruptcy
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Best Legal Department -- 2009
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Move Over Big Bankruptcy , Here Comes Big Antitrust
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Pillsbury Defers 54 to 2010 and 2011, Offers $60K to Go Away
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Pillsbury: Let's Try This Whole 'Voluntary Departure' Thing One More Time
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RBS, Barclays, HSBC Getting London Lawyers for Free as Job Cuts Increase
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$10/hour
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Welcome to Linklaters!
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Cleary Partner Never Wants You To Be 'Out-of-Office'
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Massachusetts Superior Court Rescinds Clerkship Offers
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DLA Piper Salary Cut Follow Up
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Lawyers believe the downturn will push firms towards new business models
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Holland & Knight Sued Over Documents in $360 Million Ponzi Scheme
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Duane Morris Adds Bankruptcy Lawyer
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Quinn Emanuel Adds Bankruptcy Lawyer
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Wendy Ponader Rejoins Baker & Daniels' Bankruptcy Practice
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‘Meganumbers’ Pay for Lawyers Is On the Wane, Recruiter Says
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Hipster Cities Like Portland Attract Lawyers Willing to Work as Paralegals
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Maher formally quits Mayer Brown in wake of top-level overhaul
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Paralegal Charged With Stealing Funds From One Law Firm to Pay Restitution to Another
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Say it Ain’t So, Geno! Cauley to Plead Guilty, Give up Law License
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More Lawyers Getting iPhones, But What Are the Best Apps?
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Are State AGs Getting Ready To Dogpile Subprime Securitizers?
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Two Subprime Cases Face Harsh Judicial Scrutiny
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Judges:
Home Court
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Possible SCOTUS nominees way back when: Kagan and Sotomayor in law school
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Wall Street:
US Stock-Index Futures Gain
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Dow rises 235 points on new signs of emerging turnaround
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Bank Stocks Help Rally the Markets
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Layoffs:
National and State by State Unemployment Rates
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Layoff tracker
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American Express will eliminate 4,000 jobs
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U.S. Postal Service has cut 25,000 jobs this year
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Finance Layoffs: Sovereign Bancorp, BlackRock Inc. and more
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With Jobs Scarce, Age Becomes an Issue
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Layoffs loom at Lockheed Martin after Marine One cancellation
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Layoffs hammer auto towns
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Why College Seniors Without Jobs Are Better Off than Most
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Autos:
Ford Rejects Big Cuts in Dealer Network
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White House auto adviser, dealers to meet
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President Obama's actions bring big change to auto industry
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G.M. Bankruptcy Seen as All But Inevitable
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The UAW Gets Fussy About GM's China Strategy
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GM, Canada Union Talks Are 'Very, Very Difficult,' Lewenza Says
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UAW says GM talks to intensify as jobs issue looms
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Nader Calls on Congress to Review GM Bankruptcy Plan
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GM bankruptcy would be complex, painful
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General Motors: A corporate governance toilet bowl to the end
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Warren assembles plans to lure GM HQ from Detroit
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GM retirees bully bondholders with White House's help
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GM Bondholder Says Deal Stinks
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Auto Plan Is Capitalism at Work
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House panel seeks documents from Chrysler
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Personal injury lawyers get seat on Chrysler's unsecured creditors' committee
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Chrysler Dealers Want to Keep Non-Bankruptcy Rights
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Dealer group in talks with Chrysler to scale back franchise termination plans
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Chrysler sweetens buyout offer for UAW workers
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Chrysler expands retirement deal to UAW workers at 6 factories
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$64M(US)to be paid to Magna, Chrysler court filing shows
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Chrysler's Nardelli: reports on compensation loophole false
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Dealer Math in GM, Chrysler Cuts Is More Sales at Fewer Stores
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Donations die as car dealers fail
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As dealerships vanish, crisis hits home
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Auto industry upheaval devastates economies
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Obama Tightens Green Screws On Detroit
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German minister says Opel may still go bankrupt
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GM's Opel to Receive More Than Two Bids, Union Chief Franz Says
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Investors interested in GM's Opel unit to detail plans
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Saab Automobile May Get More Time to Reorganize
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Aviation:
Airline Premium-Class Revenue Falls as Much as 40%, IATA Says
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The Economics of Pilot Pay
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Air Passenger Rights Awaiting Clearance
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Finance:
Libor to Extend Drop Amid Signs of Banking-Industry Recovery
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Economy:
Blue collar males lose more ground; unemployment rate surges past national average
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At Geithner's Treasury, Key Decisions on Hold
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Some Bankruptcies Are Worth It
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Recession in Perspective
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Brazil and China eye plan to axe dollar; Nations move to use own currencies for trade
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Economic Stress Map
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The Feds in Business: An Exit Strategy
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In Advising U.S., BlackRock Thrives in Uncertain Times
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BlackRock Closer to Buying Toxic Assets
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Inheriting $4.8 Trillion Will Leave You Broke
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Accounting tricks can’t hide huge US need for cash
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How the Brain Makes Decisions in a Recession
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Real Estate:
US home builder sentiment at 8-month high
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US Home Starts Probably Rose in April From Near-Record Lows
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CMBS Loan Defaults On the Up
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Lowe's: Let's build a rally together
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NJ developer’s bankruptcy filing a tale of caution
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Developer of Greenwood Project Files Chapter 11
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Affluent Homeowners: Underwater and Sinking Fast
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Report: Most home sellers still overvaluing properties
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Distressed property sales hit upscale condos
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In Cleveland, Facing Giants and Failing
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Retailing:
Can General Growth Shareholders Survive Bankruptcy?
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What "Green Shoots" in Retail Look Like
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Corporate Reform:
Monster settles SEC backdating charges for $2.5M
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High Court to Weigh Sarb-Ox; Conrad Black Conviction
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Conrad Black must pay his own legal expenses
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Executive Compensation:
Geithner Says Government Shouldn't Cap Executive Compensation
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Accounting:
Auditing Oversight Board Gets US High Court Review
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FASB Tightens Off-Balance-Sheet Loan Rules
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PwC to launch Fraud Academy
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Credit Cards:
Overhaul Likely for Credit Cards
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Credit card reforms up for Senate vote
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The Credit Card Industry
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Notes From Another Credit Card Crisis
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Proposals not likely to fix credit card dependency
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More Good News: Record High Credit Card Defaults
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The credit card company everybody hates
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Education:
Founder Buying Ailing Conn. School of Broadcasting
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Mining:
Grupo Mexico Climbs Most in Two Weeks on Upgrade
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Lehman:
Lehman Seeks to Probe Barclays Brokerage-Unit Payment
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Did Barclays Deal Undervalue Lehman’s Assets? Lehman Wants to Know
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Health Care:
Tax on Health-Care Benefits Is Among Senate Options
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Mail:
Economy Hasn't Hit Bottom, Postmaster General Says
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Hockey:
NHL has support in Coyotes battle
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Coyotes' future should be made clear today
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Three big sports organizations support the NHL
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A line being drawn in desert sand
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An all-or-nothing play in bankruptcy court
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Personal Finance:
Why Backyard Chickens Are a Trend
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Yes, I Look Fabulous, but Inside I'm Really Saving
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Celebs:
More Money Trouble for Michael Jackson
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Vick's movement out of prison will be tracked
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Corporate Governance:
The American vs. Canadian approach to target board duties
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Trucking:
YRC Gets Reprieve
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Shipper Ties YRC Bailout to Lower Rates
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Fraud:
Trustee Sues Hedge Funds Over Losses to Madoff
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Meticulous Madoff Records Said to Aid Probe of High-Return Investors
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Madoff may have had accomplices
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Chais Would Help in Madoff-Related Criminal Probe, Lawyer Says
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Stanford liquidators can seek US bankruptcy : judge
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Stanford investors respond to receiver bills
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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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(10)
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Bankruptcy Reform:
House Likely to Pass Housing Bill This Week Without 'Cramdown'
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Banking:
State Street takes $3.7B loss on conduits
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14th Bank Returns TARP Money
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S.&P. Warns of Further Challenges for Banks
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Small US banks could lose $100 billion: Study
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State Street's turnaround
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Local Banks Face Big Losses
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F.D.I.C. Looks to Shift Fee Burden to Larger Banks
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Anatomy of a bank loss
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Goldman Sachs, Morgan Stanley apply to repay TARP
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Bankers on front lines of recovery
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Mitsubishi UFJ Forecasts Return to Profit After Full-Year Loss
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Oil/Gas:
Tumbling prices push 2 US energy firms into Chapter 11
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Oil jumps on supply concerns
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Oil rises above $60 on signs recession easing
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Fuel distributor’s lawsuit says company was cheated, leading to its bankruptcy
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Ethanol:
Pacific Ethanol units joins others in bankruptcy court
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Travel:
Creditors Filing Reveals Details of Joystar Bankruptcy
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Municipalities:
Collins asks JeffCo departments for 33 percent cuts
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U.S. keeps California waiting on plea for debt backstop
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Tim Geithner Would Prefer You Not Use the Words 'Federal' or 'Bailout' When Talking About the Federal Bailout of California
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Newspapers:
Chapter 11: The End, or a Page-Turner?
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Philly newspapers can use cash during bankruptcy
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Public firms' greed fueled papers' woes
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Star Tribune: Our financial condition deteriorating
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Judge to Rule Tuesday on Tucson Citizen Case
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'Inquirer' Projects More Losses
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Only a Moron Would Go Into Journalism, Harvard Prof Tells Journalist
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Book Reviews:
Busted
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Resorts:
Justice to own & operate The Greenbrier; Marriott withdraws opposition
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CrossHarbor to Buy Yellowstone Club, Person Says
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Auctions:
Do Bidding Procedures Matter?
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Buyers and sellers often get tangled up when talks with third-party bidders are allowed
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Gilded Era Is Going, Going, Gone
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Enron:
Supreme Court takes case that could aid Enron's Skilling
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RVs:
Campsites demand strong, but motor home sales down
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Food/Drink:
Agriprocessors Faces New Troubles
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Distressed Investing:
Versa raises $650 million to buy 'distressed' firms
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UK:
UK Inflation Rate Dropped to 15-Month Low in April
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M&S Cuts Dividend, Sees No Signs of 'Green Shoots'
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Pension Gap at $334 Billion Forces UK Dividend Cuts
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Bank of England Lifts Bonuses, Hires Most Staff Since 1987 to Fight Crisis
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EU:
European Bonds Decline as Confidence Soars, Equities Advance
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Ireland:
Bank of Ireland to Buy Back Debt After Profit Slumps
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Hong Kong:
Hong Kong's Jobless Rate Climbs to 5.3%; Highest in Three Years
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Germany:
German Investor Confidence Rises to Three-Year High
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Russia:
Nabiullina Says Russian Economy May Shrink up to 8%
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