May 8, 2009
The Daily Bankruptcy News
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Law:
Chrysler Lawyers Seek Fees Before Other Professionals
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Which Lawyers Are in the Driver's Seat on Chrysler Bankruptcy?
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Skadden, Squire Sanders on Disputed Phoenix Coyotes Bankruptcy
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Firm Eyes Axing 119 Lawyers
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Jenner & Block: Problems Per Partner?
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‘Calculus of the Damned’: Layoffs Gurus Look at Quantity—and Quality—of Associate Hours
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Law's long hours culture is leaving many in the profession on the verge of burnout
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Downturn’s Losers: BigLaw, ‘Entitled’ Associates, Top Schools
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Layoff Watch: Harvard Law School (Or: Welcome to the End Times)
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Will Pay Cuts Hit New York Law Firms?
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Ruden McClosky Lays Off More Than 20 Staff, Lawyers
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Associate Job Losses May Mean Paralegal Job Gains
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Nixon Peabody's Proposed Bonus Structure
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BigLaw Firm Cuts Back on Hiring Law School Grads, Asks First Years to Defer Starts
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Meyer, Suozzi Adds Bankruptcy Partner
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Hewlett-Packard Proves In-House No Haven From Churn
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Blue Ribbons and Power Ties: Firm Finishes Its Annual Ranking of Partners
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Lawsuit Claims Chadbourne Overcharged for Computerized Legal Research
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Study Projects Growth in Corporate Legal Spending
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Have Prosecutors Gone Too Far (And What Do We Do About It)?
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Would-Be Client Wins $2.2M Verdict in Law Office Chair-Collapse Case
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NY Partner Says She Was Wrong to Leave Her Bickering Kids by the Side of the Road
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Taking Kids to Work Sparks Lawsuit, as Fla. Jail Guards Reportedly Stun Several
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Worst law firm website. Official.
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Firm offers retraining program
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Judges:
To Replace Low-Key Souter, Obama May Go Bolder
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Should Obama Appoint a District-Court Judge?
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Woman Should Replace Justice Souter
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Supreme Court watchers eye Sonia Sotomayor
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N.Y. Federal Judge Likely on Shortlist; Backers Say She Meets Obama Requisites
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Small, Seasoned Group Helps Obama Manage Supreme Court Selection
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Should the judge be an umpire or an empathizer?
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Is There a Doctor in the Court?: Trial Disrupted as Judge Becomes "Light Headed"
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In-Chambers Shoving Match Alleged Between Two Judges
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Wall Street:
Stocks poised for a rebound
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World Markets Gain After US Bank Test; Jobs Eyeds
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US Stocks Drop as Bank, Technology Shares Fall; Bonds Slide
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Layoffs:
National and State by State Unemployment Rates
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DuPont to Cut Another 2,000 Jobs
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Older Workers Embrace Career Change, Less Stress
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Press 1 if You're Unemployed in Colorado, and Ready to Hold
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Out of Work in Finance, They Turn to Teaching Math
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Job Loss Can Make You Sick, New Study Finds
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Autos:
In its rush to save Detroit, the American government is trashing creditors' rights
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Chrysler & Credit Bidding
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G.M. Says Its Cash Reserves Are Dwindling
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To survive year, GM says it needs $11.6 billion in aid
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General Motors can't avoid talk of bankruptcy
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Say Goodbye To GM
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Defiant bondholders make GM bankruptcy more likely
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The Other GM
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How to Profit From a Bankrupt GM
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Union Says CAW, GM Canada Being Pushed to Talk
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GM idling of parts plants will affect 18,000
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GM's journey sounds like a road trip with bickering relatives
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Is Obama driving an illegal bargain for Chrysler?
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The Illusion of Accountability for Chrysler's Loans
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Chrysler Getting $300 Million Less From Treasury
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Chrysler to Make Cars in US Based on Alfa Model
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Chrysler Vows Profit By 2077 :)
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363(f)Fight Looming in Chrysler?
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Ford bracing for partsmaker shutdowns
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Magic Carpet Ride
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How Do I Know That the Chrysler Bailouts are About the Unions?
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The Big Business of Big Labor
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Auto dealers lobby Obama against "drastic" reduction
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Cutting dealers won't help automakers recover
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Dealers launch PR campaign
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Auto industry refugees head to wind power
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Toyota Cuts Dividend, Predicts 2nd Straight Loss on Lower Sales
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Food/Drink:
InBev's Payment Slowdown
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Insurance:
Allstate posts 1Q loss as investments fall
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Economy:
Obama Releases Details of $3.4 Trillion Budget Plan
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Slow Recovery No Help for Obama's Plans
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New Spending Plans Swamp Budget Savings
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Fed Sees Up to $599 Billion in Bank Losses
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Prices jump on signs of U.S. economic recovery
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Consumer credit falls at fastest pace in 18 years
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New York Fed Chairman, With Ties to Goldman, Resigns
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Productivity rebounds while wage pressures ease
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What Happens to the American Dream in a Recession?
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Richard Posner: Capitalism in Crisis
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US 30-year bond auction gets dismal reception
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Real Estate:
Commercial Mortgage Delinquencies in US Rise to 11-Year High
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Deserted Sites Add to Property Bust's Toll
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Mortgage rates rise as outlook brightens
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House Passes Limits on Adjustable-Rate, Exotic Loans
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Has Los Angeles Hit Bottom?
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Houston-area home starts dive in the first quarter
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Foreclosures aren't just for subprime buyers anymore
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Surge in Underwater Mortgages Forces Obama Administration to Review Loan Limits
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REITS Raise $10.6 Billion to Cut Debt, Buy Competitors' Assets
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Crescent's Troubles Mirror Real Estate's Fall
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Tax:
Obama seeks to double tax law enforcement budget
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4 With Ties to Ernst & Young Guilty of Tax Fraud
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Banking:
Banks Need Funds, but Taxpayers May Not Have to Pay
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Stress Tests Find 10 Big Banks Need $75B More
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U.S. Puts Hope in Private Sector to Lend Hand
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Stress Tests Results Split Financial Landscape
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Bernanke Says Fed Monitoring Liquidity of Banks on Daily Basis
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Stress Test Shows Banks That Need To Raise Capital
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GMAC is staring nationalization in the face
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Obama manages expectations in stress tests
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F.D.I.C. Seeks a Monitor for ‘Too Big to Fail’ Entities
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Bank stock could have 'distress triggers'
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Wells Fargo announces $6 billion stock offering
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State Street Said to Have No New Capital Need After Stress Test
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Bad Loans Raise Possibility of Writedowns at Small-Cap Banks
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Bank Stress Tests, Ratings Reviews Lead to Money-Market Flight
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Report: Bank of America searching for new directors
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Goldman & J.P. Morgan: Your New Banking Overlords
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RBS Posts First Quarter Loss of $1.29 Billion
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Corporate Reform:
Bernanke Outlines the Future of Financial Regulation
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SEC's Khuzami Seeks More Trial Lawyers Amid Surge in Inquiries
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US SEC calls Madoff miss wake-up call
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SEC To Ask Congress For More Authority To Seek Civil Penalties
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GAO report criticizes SEC under Cox
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Newspapers:
Deal Reached to Keep Boston Globe in Print
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Emotional Discussion Expected Over Globe Cost Cuts
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Globe publisher sees future for paper
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Philly newspapers get 60-day stay from lawsuits
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AbitibiBowater Wins Pension, Financing Plan Approvals
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Municipalities:
JPMorgan Reveals Threat of SEC Charges Over Alabama Sewer Deals
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California Needs Unprecedented Cash Flow Loan
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New Jersey Can't Afford Government
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Hockey:
Hockey League Seeks Halt of Coyotes Bankruptcy Case
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Balsillie eyes Hamilton arena for 7th Canadian NHL team
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Horse Racing:
Hearing Postponed in Magna Bankruptcy Challenge
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Psychology :
A guide to surviving tough times
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Personal Finance:
In hard times, an uptick in "neighboring"
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Retailing:
U.S. Retailers See Signs of Easing in Sales Slowdown
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Wal-Mart Leads Retail Surprises
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Wal-Mart's Move To Drop Sales Reports Has Broad Ramifications
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General Growth move shakes investors
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Hedge Funds:
Hedge Funds Gain Most Since 2000 as Stocks Rallied
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Forest Products:
Weyerhaeuser Debt Rating Cut to Junk by Moody's
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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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Bankruptcy Reform:
White House Silence Paved Way for Cramdown Crash
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Bankruptcy Music:
The Indubitable Equivalents
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Health Care:
Downturn May Send Public Hospitals Into Bankruptcy
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Aviation:
Boeing Loses $4.4 Billion Deal, Has Net Order Loss
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United: The Incredible Shrinking Airline
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Delta passenger traffic drops 7.7 percent for April
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Fraud:
Merkin Sued for Return of Madoff Fund Withdrawals
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Where is Madoff's money?
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Unwinding Madoff's Fraud, Fairly
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With Suit, Picard Officially Launches Merkin Clawback
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Madoff Fraud Won't Hurt Luxembourg Funds, Guill Says
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Hot Or Not?
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OC financier used investor funds as 'personal piggy bank,' report says
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Former Fundraiser Hsu Pleads Guilty in Ponzi Case
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One Depo With Paris: Hotel Heiress Caught Up in WEG Collapse
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Rule 2019:
Anyone else notice this?
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Credit Counseling:
Cuomo Starts National Debt-Settlement Industry Probe
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Radio:
Sirius Gets Run Over
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Lehman:
Lawyer Eric Holzer Pleads Guilty in Lehman Insider Trading Case
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Music:
Warner Music Has Wider Loss on CD Drop
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Oi1/Gas:
Oil rises to 6-month high
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Natural gas tops $4 for first time in six weeks
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Apparel:
Giannoulias threatens bank over Obama suit-maker
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Furniture:
Spring Air Loses Its Bounce?
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Pensions:
More States Start Pension Inquiries
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Consumer Credit:
Consumer Credit Drops by Record Amid Job, Bank Losses
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Media:
CBS Reports $55.3 Million Loss as Advertising Sales Plummet
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Bonds:
Junk Rally Premature as Defaults Loom
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Private Equity:
American Capital Shareholders Terrified of Reverse Stock Split And/Or Bankruptcy
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Resorts:
W.Va. company moves to buy The Greenbrier resort
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Justice Family in Greenbrier Deal
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Yellowstone Club Auction Draws Few Bidders
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Trucking:
Truck Orders Fall in April
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Recession sends trucking on new routes
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UK:
UK Producer Prices Increase Most in 10 Months
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EU:
Central Banks in Europe Ease Credit Policies Further
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Era Over Weber's Bond Objections
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Spain:
Cranes in Spain Point to a Strain
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Australia:
Australian Employers and Consumers Defy Recession Forecast
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Germany:
German Government Holds 47 Pct of Hypo Real Estate
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Commerzbank vows to rebound from crisis by 2012
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