May 29, 2009

The Daily Bankruptcy News

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Law:

Cooley Helps Levi Strauss Pick Up 73 Stores
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Cravath Advises on End of AOL-Time Warner
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NY BigLaw Firms Tackle Bank Implosion
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Buying ‘Options’ on Associates Is a Bet Economy Will Improve
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Eckert Seamans Continues Growing With Lateral Hires
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NY Lawyer Has to Cough Up $94,854 in Sanctions
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Firms rush to dump new lawyers
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Freshfields sacks by voicemail
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Awesome CMS Cameron McKenna song
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How In-House Counsel ‘Value’ Challenge is Changing One Law Firm
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2009’s Toll: More Than 10,000 Law Firm Layoffs and Lower Pay Trend
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The New Schulte Vacation Policy
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Covington & Burling Staff Attorneys: An Endangered Species?
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Envision, if You Will, A Debt-Free Beginning . . .
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Law Firm Sued in Debt-Collection Class Action Claims Negative Net Worth
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Bankruptcy Lawyer Opens A New Chapter
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How Are Plaintiffs Faring in Credit Crisis Lawsuits?
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Trustee Pushes for July Auction of Dreier's Apartment
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The Often Sad and Sometimes Crazy World of ‘Family Law’
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Pls Hndle Thx: Kill The Beast
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Dallas Lawyer's Film Screened at Cannes
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OMG. Law Firm in Memphis Offers Yoga.
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Judges:

More Sotomayor on Bankruptcy
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Sotomayor's Specialty Was Kayoing Knockoffs
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Sotomayor’s Sharp Tongue Will Make Her a Match for Scalia
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Questions Over Sotomayor-Led Panel's Delay in Climate Case
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More, More, More on You-Know-Who
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Sotomayor the Law Firm Lawyer
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It’s Not Quite ‘Justice Sotomayor’ Yet, But . . .
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Nominee’s Links With Advocates Fuel Her Critics
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Sotomayor’s Sharp Tongue Raises Issue of Temperament
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From Bad to Worse for Judge Kent
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Wall Street:

Futures Point to Higher Open Ahead of GDP Revision
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World stocks gain amid upbeat Japan, India reports
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After a big rally, stocks aren't looking so cheap
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Treasury Auction Rallies Stocks
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Layoffs:

National and State by State Unemployment Rates
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Corporate Reform:

Should The Fed Be The Systemic Risk Regulator?
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Financial Overhaul Raises Questions
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Oil/Gas:

Particle Drilling to file bankruptcy papers
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Oil hits new 6-month high above $65
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SemGroup releases 3Q report
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Soccer:

Saints staff without pay as club nears bankruptcy
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M&A:

Levi's deal highlights distressed M&A trend
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Tech:

Dell's Sales Miss Analysts' Estimates on Slumping PC Demand
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Retailing:

Target Holders Re-Elect Board, Reject Ackman Nominees
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Ex-Kmart CFO: Slow pay no secret
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Tiffany's 1st-Quarter Profit Tumbles 62 Percent
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Don't Mess With This Creditor
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Corporate Reform:

Conrad Black Co-Defendant Wins Bail Pending Appeal
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Ethanol:

BioFuel Receives Notice of Default From Lenders
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Credit Cards:

Credit card rates, limits change before new law starts
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Food/Drink:

Recession turning people into Homer Simpsons
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Trucking:

Truck tonnage continues to drop
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Mining:

Harbinger files its plan for buying Asarco
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Economy:

Durable-Goods Orders Near 13-Year Low
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New Jobless Claims Fall, But Unemployment Up
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Troubled mortgages hit record high
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US banks borrow less from Fed in latest week
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Children Of The Recession
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Roubini: U.S. economy may dip again next year
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Recession Finds Houston
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Economy's fall still bad - even if less steep
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Japan, India Revival Adds to Evidence Global Recession Easing
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Economic Stress Map
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Real Estate:

New-Home Sales Rise Slightly
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More Homeowners Facing Foreclosure
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Mortgage Delinquencies, Foreclosures, Rates Increase
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Foreclosures rise on prime loans
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Aging ‘New’ Homes
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Mortgage rates spike
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Mixed Signs In The Housing Market
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6 punished in Dallas-area mortgage fraud case
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Lock 'Em Up & Throw Away The Key
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2 Attorneys Among 13 Charged in Claimed N.Y. Mortgage Fraud
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Weak cash flow could force NovaStar into bankruptcy
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Clear Lake high rise developer in bankruptcy
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Why Your Mortgage Won't Make You Rich
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Why Do Borrowers Default? Hint, It’s Not Because of High Mortgage Payments
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BofA loses bid to dismiss most of Countrywide lawsuit
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Aviation:

Don't Try to Con Continental
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Frontier Airlines reports $2.4M April net profit
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Fraud:

It’s Thankless, but He Decides Madoff Claims
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Madoff Compensation Fund Growing
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Paris, London May Be Used as Center for Madoff Settlements, Says Frieden
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Madoff victims ask California lawmakers for tax relief
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Stanford's Estranged Wife Asks Judge to Join in SEC Fraud Case
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Politics:

White House Seeks Strong Business Ties
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Finance:

Fed Not Setting Rates in Credit Markets: Sources
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Credit Relief May Not Last Long
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Insurance:

For Next CEO, AIG Isn't About Insurance
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Is It Safe? Conseco Stares Down 'B' Word
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Personal Finance:

Still Working, but Making Do With Less
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Health Care:

Hospital Dying For Cash
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Recession Leaves Many Children Uninsured
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Health care now or never, Obama says
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Politics:

Obama Tells Hollywood Dinner: 'You Ain't Seen Nothing Yet'
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Movies:

Michael Moore film to explore financial crisis
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Agriculture:

Dairy farmers in desperate straits
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Eurofresh Makes Operating-Expense Proposal to Bankruptcy Judge
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Municipalities:

Schwarzenegger to ask Legislature for 5 percent state worker pay cut
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Lay off 4,000 workers, or let the mayor cut the grass?
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Advertising:

RH Donnelley files for Chapter 11
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Accounting:

PwC gets court approval for BearingPoint assets
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2 Auditors Held in India Fault System
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 New Bankruptcy Opinions
(1 new opinion 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:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
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Autos:

GM plans for bankruptcy Monday
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GM's expected bankruptcy filing Monday likely will trigger string of Michigan auto supplier bankruptcies
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Payday! GM pays 90,000 workers early
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The Crippling Of Detroit
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GM Bankruptcy to Be a Tale of Best of Assets, Worst of Assets
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GM Bondholders Agree to Plan Clearing Bankruptcy Path
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Government Driving A Hard Bargain - Chrysler and GM Bankruptcies, Jakubowski Comments
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Proskauer's Marwil on a GM bankruptcy
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GM, facing bankruptcy, trying to unload once-promising brands
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GM's Deal with Bondholders: A Speedier Bankruptcy?
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New GM Plan Gets Support From Key Bondholders
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GM Bondholders Unite group says new offer "lopsided"
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Small GM bondholders shut out of new offer
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GM bankruptcy still likely despite deal
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Crash diet: GM getting in shape for Chapter 11
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Skids Greased For GM Bankruptcy
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GM to announce 14 plant closures on Monday
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GM Not Seen Being Publicly Traded For A Period-Obama Aide
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GM Said to Plan for June 1 Bankruptcy, Sale of Assets
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Meltdown 101: GM vs. Chrysler bankruptcy
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US govt to own 72% of GM
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Why are GM Shares Trading Above Zero?
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Small Favors: GM Bankruptcy Could Mean Tax Boon
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Obama Making Big Political Bet on GM
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Why GM Can’t Be Saved
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New GM' still must settle up with 'Old GM'
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Government to swap $40B for GM stock
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Shelby assails large gov't role in General Motors
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GM Said to Plan June 1 Bankruptcy as Debt Plan Gains
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GM Ruining Lives
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Suppliers feel the heat from GM's impending bankruptcy
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Patterson: Visteon, Metaldyne bankruptcies likely the first dominoes
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Looming GM Bankruptcy Threatens Sales at Partsmakers American Axle, Shiloh
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UAW chief says GM will make subcompacts in US
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GM: Who's buying this dog?
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Visteon a cautionary tale on global auto crunch
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Chrysler's CEO sees sale to Fiat closing Friday
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Chrysler hearings over Fiat sale enter second day
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Chrysler heads back to bankruptcy court Friday
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Making Sense of Chrysler's Proposed Section 363 Sale
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Closing Chrysler's Dealers: Cui Bono?
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Nardelli: Chrysler-Fiat is best for everyone
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What Chrysler needs after bankruptcy
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Retired Chrysler boss loses car and pension as price of rescue
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Auto Taskforce: We Don't Negotiate With Terrorists
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Delphi wins hearing delay; will file new plan to leave bankruptcy
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Possibility of a Checker Motors Corp. sale speeds toward a June 12 deadline
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GM's proposed repurchase of Delphi plants faces difficulties
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Koenigsegg one of suitors for GM's Saab-report
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Opel Rescue Talks Stall After GM Demands an Extra $415 Million
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Fiat bows out of Friday's Opel talks
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Opel Opting for Bankruptcy May Not Be a `Strange' Idea, German Lawyers Say
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Canada:

Thow to appear in court June 3
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Germany:

German Regulator's Warnings on Hypo Problems 'Ignored'
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Credit Insurers Raise Rates in Germany as 'World Is on Fire'
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S. Korea:

South Korean Manufacturers' Sentiment Rises to Eight-Month High
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India:

India's Economy Probably Expanded at Slowest Pace in Six Years
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