May 20, 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:

‘Reply All’ Was a Mistake, Peeved Partner Tells Quinn Emanuel Associate
(DBN Subscription Required)

Quinn Emanuel Associate Has Reservations About 'Redskin' Victory
(DBN Subscription Required)

Bankruptcy Partner Loss for Skadden
(DBN Subscription Required)

Skadden loses third partner in a week
(DBN Subscription Required)

Weil-Kirkland Team In General Growth Draws Fire
(DBN Subscription Required)

Firm Offers Possible Year of Three-Day Weekends . . . With a Catch
(DBN Subscription Required)

Skadden Summers: Welcome to the New Market Class of 2010 start dates pushed to 2011.
(DBN Subscription Required)

Jones Day, Boies Schiller on Lehman-Barclays Deal
(DBN Subscription Required)

Mayer Brown governance structure in limbo as Maher quits
(DBN Subscription Required)

Did the National Arbitration Forum Pander To ‘Famous Parties’?
(DBN Subscription Required)

Our Ponzi Nation: Holland & Knight Sued Over Alleged Nadel Fraud
(DBN Subscription Required)

Can You Ask Clients for Business?
(DBN Subscription Required)

How a Jones Day Associate Dealt with an ‘Ornery Senior Partner’
(DBN Subscription Required)

London Lawyers at US Firms Face FSA Insider-Trading Charges
(DBN Subscription Required)

Small Firms Make Case for Why They're More Cost-Effective
(DBN Subscription Required)

JG Wentworth Affiliates to Reorganize Under Chapter 11
(DBN Subscription Required)

Dreier's Hampton Homes to Be Auctioned
(DBN Subscription Required)

Under Pressure, Ex-BigLaw Partner Quits Job as NY Integrity Watchdog
(DBN Subscription Required)

U.S. Attorney Picks Are Under Way
(DBN Subscription Required)

Mass. Judge Orders Criminal Discovery Training for U.S. Attorney's Office
(DBN Subscription Required)

NY Leader Loses London Rainmaker
(DBN Subscription Required)

'Bored' Juror Goes Missing From Court
(DBN Subscription Required)

Lawyers Losing at Love: Bounced from The Bachelorette, Cut from The Cougar
(DBN Subscription Required)

______________

Judges:

Judge's Ex-Girlfriend Pleads Not Guilty to Burglary, Stalking
(DBN Subscription Required)

Most NJ Judges to Take Two-Day Furloughs
(DBN Subscription Required)

Colo. Judge Says She Was Approached About Supreme Court Seat
(DBN Subscription Required)

Is the Hofstra Law Dean on the SCOTUS Short List?
(DBN Subscription Required)

Move Over, Nino. There’s a New Sparring Justice on the Bench
(DBN Subscription Required)

Socially inept lawyers are now turning to image consultants and marketing experts in order to, among other things, learn how to dress for clients and the courtroom
(DBN Subscription Required)

Chief Justice John Roberts: The Elephant in the SCOTUS Courtroom?
(DBN Subscription Required)

______________

Wall Street:

US Stock-Index Futures Gain
(DBN Subscription Required)

World stocks lackluster after mixed US trade
(DBN Subscription Required)

Surprise drop in housing data checks market's rise
(DBN Subscription Required)

Volatility index below 30 for 1st time since Sept
(DBN Subscription Required)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN Subscription Required)

Another 6,400 Workers to Lose Jobs at HP
(DBN Subscription Required)

America goes on furlough
(DBN Subscription Required)

More On Recession Proof Jobs
(DBN Subscription Required)

______________

Debt Collection:

New York AG sues Texas, Arizona debt settlement firms
(DBN Subscription Required)

______________

Retailing:

Home Depot is ready, but shoppers aren't yet
(DBN Subscription Required)

Dick's Sporting Goods profit dips
(DBN Subscription Required)

A Renaissance For Saks
(DBN Subscription Required)

Maui Divers offers $1M for Hilo Hattie
(DBN Subscription Required)

BJ's Wholesale 1Q Profit Rises 42 Percent
(DBN Subscription Required)

______________

Resorts:

Greenbrier Resort Out of Bankruptcy
(DBN Subscription Required)

Tamarack may get new owner
(DBN Subscription Required)

______________

Lehman:

Lehman-Barclays: The Deal That Won't Die
(DBN Subscription Required)

Lehman seeks right to probe Barclays
(DBN Subscription Required)

______________

Gambling:

Gaming outlook dicey nationwide
(DBN Subscription Required)

MGM Mirage May Pull Casino Sale
(DBN Subscription Required)

Man blames Vegas casino drinks, drugs for $14.75M in losses
(DBN Subscription Required)

______________

Fraud:

Madoff Investor Merkin Approves Receiver for Funds
(DBN Subscription Required)

Madoff Bankruptcy Trustee Sues Feeder Fund for $3.5 Billion
(DBN Subscription Required)

Bernard Madoff, in court and out
(DBN Subscription Required)

State weighs tax relief for Ponzi scheme losses
(DBN Subscription Required)

The Reasons Fraud Spikes In a Recession
(DBN Subscription Required)

______________

Corporate Reform:

White House mulls regulatory panel
(DBN Subscription Required)

SEC Finds Whizzes to Bust Wall Street's Worst
(DBN Subscription Required)

S.E.C. to Propose Change in Election of Boards
(DBN Subscription Required)

______________

Hockey:

Bankruptcy court tells NHL, Moyes to work out sale plans
(DBN Subscription Required)

Bankruptcy judge most powerful man in sport
(DBN Subscription Required)

'Why are we arguing?' - judge
(DBN Subscription Required)

Coyotes Bankruptcy May Disrupt Other Professional Sports, Leagues Claim
(DBN Subscription Required)

Balsillie gets boost in court
(DBN Subscription Required)

500 rally in support of Coyotes
(DBN Subscription Required)

Battle over Coyotes ' fate reaches critical hearing; what's at stake?
(DBN Subscription Required)

Phoenix sports fans differ on Coyotes' future
(DBN Subscription Required)

More prospects than Coyotes
(DBN Subscription Required)

Judge orders mediator to determine Coyotes owner
(DBN Subscription Required)

Coyotes remain in limbo
(DBN Subscription Required)

______________

Theme Parks:

Hard Rock Park creators file suit
(DBN Subscription Required)

______________

Economy:

Drop in Building of Apartments Drags Down Housing Starts
(DBN Subscription Required)

Data suggest slow housing recovery
(DBN Subscription Required)

Fed's Stern sees healthy growth in US from mid-2010
(DBN Subscription Required)

Fed to Add Older CMBS to TALF in July, Allow More Ratings Firms
(DBN Subscription Required)

Geithner's gift to Wall Street
(DBN Subscription Required)

Meltdown Will Leave Changed Economy
(DBN Subscription Required)

Dimon Says TARP Went Astray
(DBN Subscription Required)

Economists Stuck in 1930s Need a Decade Update
(DBN Subscription Required)

College grads trying for even menial jobs in tough economy
(DBN Subscription Required)

The Bad Guys of Subprime Lending Are Raking in Bailout Billions
(DBN Subscription Required)

Economic Stress Map
(DBN Subscription Required)

______________

Real Estate:

US housing starts, permits plumb record lows
(DBN Subscription Required)

Residential Delinquencies Soar in Q1-09
(DBN Subscription Required)

Southern California Home Prices Fall on Foreclosures
(DBN Subscription Required)

Construction slowdown blamed in Vegas bankruptcies
(DBN Subscription Required)

Congress OKs bill easing foreclosures
(DBN Subscription Required)

Housing: Recovering or Not?
(DBN Subscription Required)

Concerns About a False Bottom in Housing
(DBN Subscription Required)

The Most ‘Affordable Cities’ Missing Something: Jobs
(DBN Subscription Required)

Toll Brothers 2Q Home-Building Revenue Falls 51%
(DBN Subscription Required)

Whetstone Development Co. files for Chapter 11
(DBN Subscription Required)

Landlords face competition from record-low housing prices
(DBN Subscription Required)

______________

Credit Cards:

Credit Card Legislation
(DBN Subscription Required)

Senate OKs Credit-Card Bill
(DBN Subscription Required)

Dodd: Public Anger Helped To Fuel Bill On Credit Cards
(DBN Subscription Required)

Will Credit Card Legislation Curtail Consumer Credit?
(DBN Subscription Required)

A primer on the new restrictions that credit card companies face
(DBN Subscription Required)

Exploiting The Credit Card Law Loophole
(DBN Subscription Required)

Fed says first-quarter delinquency rates surge, credit card delinquencies set record
(DBN Subscription Required)

Chase Suit Over Credit Card Interest Rates Is Reinstated by Appeals Court
(DBN Subscription Required)

______________

Banking:

U.S. banks need $24B; 600 banks may close
(DBN Subscription Required)

U.S. Weighs How to Let Banks Give Money Back
(DBN Subscription Required)

Repaying TARP for a Return to Gluttony
(DBN Subscription Required)

Banks discuss TARP repayment with US
(DBN Subscription Required)

Fed to Respond to TARP-Repayment Applications in June
(DBN Subscription Required)

JPMorgan's Dimon Aims to Exit TARP in 'Few Weeks'
(DBN Subscription Required)

Bank of America Raises $13.5 Billion Selling Stock
(DBN Subscription Required)

Bidders submit pitches to acquire ailing BankUnited
(DBN Subscription Required)

______________

Municipalities:

Troubled Municipality Roundup
(DBN Subscription Required)

Council rejects bankruptcy , looks to bonds
(DBN Subscription Required)

Vallejo to pay city manager $390,000 to quit
(DBN Subscription Required)

Obama's hard stand with California
(DBN Subscription Required)

Is California Too Big to Fail?
(DBN Subscription Required)

State tells Hartland its bankruptcy 'not an option'
(DBN Subscription Required)

Bankers Share Whining Rights With Fed-Up States
(DBN Subscription Required)

______________

Finance:

'Continuous Bankruptcy ' Still Worth Pursuing
(DBN Subscription Required)

The wreck of modern finance
(DBN Subscription Required)

______________

Aviation:

Mesa Air has to say goodbye to "Aloha"
(DBN Subscription Required)

Long road lies ahead for United in contract talks
(DBN Subscription Required)

Air France -KLM reports first loss, 2,700 job cuts
(DBN Subscription Required)

______________

Tech:

Hewlett-Packard Drops After Saying Slump Will Persist
(DBN Subscription Required)

______________

Pensions:

Federal pension insurer shows $33.5 billion deficit
(DBN Subscription Required)

______________

Food/Drink:

Bankruptcy court oks sale of Pilgrim's Pride plant
(DBN Subscription Required)

Albertsons is set to announce widespread price cuts, compete with Walmart
(DBN Subscription Required)

______________

Accounting:

AIG investors to receive $843 million in accounting fraud case, SEC says
(DBN Subscription Required)

______________

Magazines:

Trump Mag Closed
(DBN Subscription Required)

______________

Television:

Ion Media Files Bankruptcy With Deal to Swap Debt for Equity
(DBN Subscription Required)

Economic tailspin batters local TV
(DBN Subscription Required)

______________

Radio:

Clear Channel hears bankruptcy's song?
(DBN Subscription Required)

______________

Oil/Gas:

Energy Partners files bankruptcy reorganization plan
(DBN Subscription Required)

______________

Ethanol:

Sunoco to pay $8.5 million for bankrupt Northeast Biofuels ethanol
(DBN Subscription Required)

______________

RVs:

American Industrial Offers To Buy Fleetwood
(DBN Subscription Required)

______________

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN Subscription Required)

____________

Walker Wilcox Matousek

Bankruptcy Statistics:

Business bankruptcies running at twice last year's pace
(DBN Subscription Required)

______________

10 firms fighting for their lives
(DBN Subscription Required)

Autos:

GM bankruptcy plan eyes quick sale to government
(DBN Subscription Required)

GM warns: Bid to restructure may fail
(DBN Subscription Required)

G.M. Doesn't See U.A.W. Deal Before Bond Deadline
(DBN Subscription Required)

GM's offer to bondholders troubles a regular guy
(DBN Subscription Required)

Dealers wary of GM bankruptcy option
(DBN Subscription Required)

GM To Close 264 Canada Dealerships On Wednesday
(DBN Subscription Required)

Chrysler's Pensions Underfunded by $10 Billion, Government Agency Reports
(DBN Subscription Required)

Chrysler Revamp Plan Could Block Lawsuits From Current Vehicle Owners
(DBN Subscription Required)

363(b) Sale Unopposed? Perhaps not!
(DBN Subscription Required)

GM Omitted as Defendant in Fatality Claim Due to Its Possible Bankruptcy
(DBN Subscription Required)

Cerberus Said to Study Chrysler Financial as Stand-Alone Lender
(DBN Subscription Required)

Ind. treasurer: Chrysler deal caused fund losses
(DBN Subscription Required)

Magna Is Said to Join Suitors for General Motors' Saturn Brand
(DBN Subscription Required)

Chrysler's Rejected Dealers Seek to Delay Auction
(DBN Subscription Required)

Houston-area Chrysler dealers not going quietly
(DBN Subscription Required)

Letter from a Dodge Dealer
(DBN Subscription Required)

Ex-GE Chief Welch Criticizes Obama-Led Chrysler Bankruptcy
(DBN Subscription Required)

Rally highlights need for U.S. auto jobs
(DBN Subscription Required)

As Political Winds Shift, Detroit Charts New Course
(DBN Subscription Required)

GM Says Still Hasn't Made Deals With Treasury, UAW
(DBN Subscription Required)

St. Louis lawmakers push to keep GM, Chrysler dealerships open
(DBN Subscription Required)

Bill Ford Hails Obama's Plan as Avoiding 'Patchwork'
(DBN Subscription Required)

Obama faces tough test with manufacturers
(DBN Subscription Required)

Cities criticize auto task force
(DBN Subscription Required)

Dealers aim to join Saturn bid
(DBN Subscription Required)

Feds to inject $7.5B more into GMAC
(DBN Subscription Required)

German govt, banks agree Opel bridge finance model
(DBN Subscription Required)

Magna's Opel Bid Is Preferred to Fiat's, State Official Says
(DBN Subscription Required)

Fiat Prepares Bid for GM Europe
(DBN Subscription Required)

______________

Derivatives:

Derivatives Market Declines for First Time on Record
(DBN Subscription Required)

Collateral, Collateral Everywhere
(DBN Subscription Required)

______________

Insurance:

AIG Names Six to Board as Trustees Assert Control
(DBN Subscription Required)

Moody's Calls The Hartford's Federal Bailout A Mixed Blessing
(DBN Subscription Required)

Stress tests planned for Europe's largest insurers
(DBN Subscription Required)

______________

Sales:

Stalking horses and use of section 363
(DBN Subscription Required)

______________

Newspapers:

Arizona's Tucson Citizen Won't Resume Publication
(DBN Subscription Required)

'Inquirer' Looks For A Delay
(DBN Subscription Required)

______________

Celebs:

Judge rejects Vick's bankruptcy bid
(DBN Subscription Required)

Vick to work with Humane Society
(DBN Subscription Required)

______________

Ice:

Suits, investigations put heat on Reddy Ice
(DBN Subscription Required)

______________

Furniture:

Office furniture index shows bottom is near
(DBN Subscription Required)

_____________

Golf:

Recession hits U.S. Open sponsorships
(DBN Subscription Required)

______________

UK:

UK Factories See 'Glimmer at the End of the Tunnel,' CBI Says
(DBN Subscription Required)

Darling says recession over by Xmas
(DBN Subscription Required)

______________

Canada:

Latest deadline nears in Canwest talks with creditors
(DBN Subscription Required)

The end of the untouchable pension
(DBN Subscription Required)

______________

Japan:

Japan's GDP Drops, Experts Expect Turnaround
(DBN Subscription Required)

In Japan, Secure Jobs Have a Cost
(DBN Subscription Required)

______________

Norway:

Despite Energy Reserves, Norway Slips Into Recession
(DBN Subscription Required)

______________

China:

China tightens controls on bank lending, amid complaints of delays, misuse of stimulus funds
(DBN Subscription Required)

Will China end world's recession?
(DBN Subscription Required)

______________

Brazil:

Brazilian ethanol firm seeks bankruptcy protection
(DBN Subscription Required)

______________

Spain:

Moody's May Cut Rating on 34 Spanish Banks Amid Economic Slump
(DBN Subscription Required)

______________

Germany:

Mayfair Eviction Fight Pits Credit Suisse Against Investor
(DBN Subscription Required)

______________

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 in a variety of places, formats and prices. Click here for a list of choices. Feel free to contact us with any questions.

Passwords
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 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 at which you are receiving the Daily Bankruptcy News. 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 for the publication, contact us by clicking here for help.

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).