November 10, 2009

The Daily Bankruptcy News

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Law:

Bankruptcy Boutiques Are ‘Quietly Booming’
(DBN)

Day Pitney Axes 29 Staff in 3rd Round of Announced Layoffs This Year
(DBN)

Akerman Senterfitt Won’t Charge Leave Time for Swine Flu Absences
(DBN)

Matthew Feldman Returns to Willkie after Serving as Chief Legal Advisor to Treasury’s Automobile Advisory Team
(DBN)

Home Court Showdown at the Supreme Court
(DBN)

Litigation Practices Showing Signs of Life, Says Hildebrandt Study
(DBN)

Powell Law Firm Dropped as Defendant in Kids-for-Cash Case
(DBN)

Goodwin Procter and Boston Globe Need to Work on Their Timing
(DBN)

Goldman Envy Comes to the Legal Profession
(DBN)

Bankruptcy Lawyer Unleashes Vulcan Intellect?
(DBN)

Ex-SEC lawyer pleads guilty in NY Marc Dreier case
(DBN)

Rothstein in Upbeat Mood, Says He’s Smoking Cigars with His Lawyer
(DBN)

Lawyer Scott Rothstein's quick rise to life of a high roller ends even faster
(DBN)

Feds Seize Bank Stock, Luxury Cars Owned by Ousted Law Firm Chairman
(DBN)

Miller South Lawyers Back to Work After Going on Lockdown on Friday
(DBN)

Firm Sues Fired Associate Who Launched Firm Gripe Site
(DBN)

Madoff’s Prosecutor Is Joining Cleary Firm
(DBN)

My Job Is Murder: Of Confinement and Contracts
(DBN)

From Mayer Brown to Bucharest: A Chat with Mark Gitenstein
(DBN)

Mayer Brown's Touch-Up Job
(DBN)

Ashurst streamlines US strategy with six-firm list
(DBN)

Houston lawyers' holiday plans - the sober & the grandiose
(DBN)

Secret Details of Litigation Financing Deal Emerge
(DBN)

Will Meetings of the Future Be Televised?
(DBN)

Federal Judge Calls Courtroom Tweets Banned Broadcasts Under Rule 53
(DBN)

Should professional considerations be put ahead of personal relationships in the quest for job satisfaction?
(DBN)

Police Pay Informant to Frequent Prostitutes. Court Cries Foul.
(DBN)

"Bubble butt with brains." Anyone?
(DBN)

Say What?!
(DBN)

______________

Judges:

Justices Take Comedic Shots at Bilski Lawyer
(DBN)

Court Nixes Ex-Judge’s Effort to End Alimony After Retirement
(DBN)

Board Games: Refusal to Leave Corporate World Costs Judge His Job
(DBN)

Judge Reprimanded for Ex-Defendant Friendship
(DBN)

Court won't hear case with conflict question
(DBN)

______________

Wall Street:

US Stock-Index Futures Decline
(DBN)

Dow jumps to highest level in more than a year
(DBN)

Dow Closes Weirdly High
(DBN)

Greenspan Says Stock Rebound `Re-Liquifying' U.S. Economy After Stimulus
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Rosenberg: Unemployment May Hit 13%
(DBN)

Sprint Nextel Plans to Trim Another 2,500 Jobs
(DBN)

Electronic Arts Plans to Cut 1,500 Jobs
(DBN)

Pfizer cutting 15% of its research staff, 6 centers
(DBN)

Layoff euphemisms
(DBN)

The Recession’s Over, but Not the Layoffs
(DBN)

Requests Rise for Jobless-Aid Program
(DBN)

Blaming the President for Unemployment
(DBN)

______________

ARS:

A Way Out of the Deep Freeze
(DBN)

______________

DIP Finance:

Tennenbaum Capital: Buying Into the DIPs
(DBN)

______________

Trucking:

YRC Worldwide launches debt-for-stock swap, seen as last step to avoid bankruptcy
(DBN)

______________

Symphonies:

Time To Face The Music
(DBN)

Silenced symphony sounds an alarm
(DBN)

______________

Television:

Gray Swings to $10 Million Loss
(DBN)

______________

Banking:

Fed Says All Banks Except GMAC Met Capital Deadline Imposed by Stress Test
(DBN)

With Feds, BofA's Lewis Met His Match
(WSJ: separate paid subscription required)

HSBC and Barclays See Differing Results in Earnings and Loan Provisions
(DBN)

FDIC's 20% Shorter 'Merit' Reviews Preceded Banking Failures
(DBN)

Fed's Tarullo Says Dividing Banks May Not Curb Too Big to Fail
(DBN)

Any Takers For TARP II?
(DBN)

Banks' Commercial Loan "Nightmare"
(DBN)

Sullivan & Cromwell' Cohen says the abolition of Glass-Steagall was not responsible for the financial crisis.
(DBN)

BofA in Civil War Over Lewis' Successor
(DBN)

Feds Weren't the Only Thing That Drove Ken Lewis to the Edge
(DBN)

Merrill flinch
(DBN)

______________

Theme Parks:

More Flags, No Fun
(DBN)

______________

Agriculture:

The New Dust Bowl
(DBN)

______________

 

Economy:

Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor
(DBN)

Washington is Swallowing the Economy
(DBN)

Some Countries Are Stopping Their Stimulus
(DBN)

Stop the Jobless Recovery Madness
(DBN)

Berkshire Says Credit Crisis 'Abated' as Profit Jumps
(DBN)

Economic forecasts in bank tests miss their mark
(DBN)

G-20 Splits on Tobin Tax, Signals Banks Must Foot Bill of Future Bailouts
(DBN)

AIG May Be Able to Pay Back Fed Loan, Moody's Says
(DBN)

Fed: GMAC will still need more bailout money
(DBN)

UCBH failure likely spells second TARP loss
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Tishman Nears Restructuring, Sale of Stuyvesant Town
(DBN)

$3B Stuy-Town mortgage goes to special servicer
(DBN)

More Lenders Raise Prime Mortgage Standards: Fed
(DBN)

Existing-home sales rise in Chicago area
(DBN)

Negative-Equity Percentage Fell In Q3
(DBN)

46% of South Florida homeowners are `underwater'
(DBN)

Citi's Mortgage Workouts Outnumber Foreclosures in Missouri by 9 to 1
(DBN)

2010 Will Be Buyers' Market for Commercial Real Estate
(DBN)

Commercial Real Estate: How This Bust Is Different
(DBN)

Wilbur Ross: Commercial Real Estate Is Next Shoe to Drop
(DBN)

SunCal Picks Up 1072 Residential Lots for $20M
(DBN)

Developer Milt Barbis files for bankruptcy
(DBN)

Is Congress Creating Another Housing Bubble?
(DBN)

Closings/Cutbacks/Bankruptcies/Defaults
(DBN)

_____________

Fraud:

Fortuna Told U.S. Judge He Was Tipped by ‘Several Individuals’
(DBN)

Ex-SEC lawyer pleads guilty in NY Marc Dreier case
(DBN)

HealthSouth shareholders buy Richard Scrushy's Lake Martin properties
(DBN)

Petters' attorneys lose bid for mistrial
(DBN)

A scandal rocks the polo set
(DBN)

JPMorgan Blamed in $200M Ponzi Scam
(DBN)

Put Yourself in Ruth Madoff's Shoes
(DBN)

Bernie's bidder end
(DBN)

______________

Newspapers:

Sober Mood at New York Post as Circulation Spirals Lower
(DBN)

______________

Magazines:

Metropolitan Home Magazine to Close Down
(DBN)

______________

Credit Counseling:

Few Get Major Debt Relief From Settlement Firms
(WSJ: separate paid subscription required)

______________

Newspapers:

Star Tribune to cut about 100 jobs
(DBN)

______________

Metals:

Foundry will be auctioned
(DBN)

______________

Corporate Reform:

NY Jurors to Get Case at Hedge Trial
(DBN)

At Bear Trial, A Question of Venue
(DBN)

Munger Tolles Seeks to Dismiss $4 Million SEC 'Clawback' Suit Against Ex-CEO
(DBN)

______________

Private Equity:

Private Equity, Debt Worries
(DBN)

______________

IP:

Supreme Court skeptical of patents for hedging
(DBN)

______________

Compensation:

JPMorgan lifts salary freeze
(DBN)

Record Bonuses Return to Wall Street as Big Three May Award $29.7 Billion
(DBN)

______________

Oil/Gas:

Peak oil closer than IEA forecasts show: report
(DBN)

______________

Radio:

Citadel Broadcasting Discloses Chapter 11 Plans
(DBN)

Sirius' Hopes Keep Slipping Away
(DBN)

______________

Building Materials:

BioBased Partners Wrangle Over Bankruptcy
(DBN)

______________

Debt Collection:

FDCPA Lawsuits Soar Year-To-Year
(DBN)

Complaints Against Debt Collectors Rack Up in Fla.
(DBN)

______________

Lehman:

Sullivan & Cromwell's Cohen on Lehman's failure
(DBN)

______________

Accounting:

Jim Quigley Couldn't Wait to Tell Everyone That Deloitte Will Be the New Auditor of Satyam
(DBN)

PwC Tax Practice Eyeing Utilization
(DBN)

Layoff Watch '09: Ernst & Young
(DBN)

______________

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings
(DBN)

Bankruptcy Jobs:

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

______________

Prepacks:

"Prepackaged" bankruptcies tripled in past year
(DBN)

______________

Bankruptcy Statistics:

Central District of California Filings Break 10,000 in October, 2009
(DBN)

______________

Autos:

Turnabout on Opel shows GM can change
(DBN)

Chrysler reportedly offers more buyouts
(DBN)

Lear Exits Four-Month Bankruptcy as Debt Holders Accept Equity
(DBN)

New Lear Is 'Tighter, Leaner'
(DBN)

Unions control Detroit's future
(DBN)

AutoNation CEO Sees Depressed Sales Through 2011
(DBN)

GM CEO Henderson in Germany discussing Opel future
(DBN)

Magna not on the lookout for new alliance
(DBN)

Merkel presses GM for Opel restructuring plan, says company should pay the cost
(DBN)

______________

Gambling:

As earnings fall, Riviera unsure if bankruptcy can be avoided
(DBN)

Hard Rock, parent of Riviera post losses
(DBN)

______________

Finance:

Advanta president Rosoff explains leadup to bankruptcy
(DBN)

Bankruptcy filing is a blow to small business
(DBN)

Credit Won't Lead The Recovery
(DBN)

Confusion on Where Money Lent via Kiva Goes
(DBN)

Fewer banks tightening lending standards: Fed
(DBN)

J.P. Morgan says it will boost small business lending
(DBN)

______________

Religion:

Did Christianity Cause the Crash?
(DBN)

Lead Us Not Into Debt
(DBN)

God's Other Banker
(DBN)

______________

Municipalities:

Paterson: New York State Will Be Broke Before Christmas
(DBN)

California's Golden Age is Over
(DBN)

______________

Health Care:

$29K for 5 Minutes in the ER Raises Health Care Questions
(DBN)

As Bids Submitted for Forum's Assets, Nurses Union Urges Public Involvement
(DBN)

Mount Vernon Hospital struggles
(DBN)

AARP is 100 percent correct
(DBN)

______________

Mass Torts:

San Francisco's asbestos court
(DBN)

______________

Advertising:

BBDO Signals End to Chrysler Relationship, Its Detroit Office
(DBN)

______________

Skiing:

Elk Meadows ski resort on auction block
(DBN)

______________

Enron:

"Enron" vs "Jerusalem" at London Standard theatre awards
(DBN)

A discussion of the Skilling appeal
(DBN)

______________

Aviation:

Govt plans pension cuts, bridge loan in JAL rescue
(DBN)

ACE gives Air Canada deadline for repayment
(DBN)

______________

Derivatives:

David Einhorn vs the bloggers on credit default swaps
(DBN)

______________

Corporate Governance:

Ex-CEOs Lend Struggling Companies a Hand
(DBN)

______________

Personal Finance:

Recession Prompts Americans to Make Huge Sacrifices :)
(DBN)

______________

Boating:

Jacobs clears deck for Genmar bid
(DBN)

______________

Sovereigns:

Which big country will default first?
(DBN)

______________

UK:

Financial Regulations Chief Chides British Banks
(DBN)

British Tour Firms Facing Bankruptcy
(DBN)

London Economy Grows Most Since 2006, Leads U.K. Regions Out of Recession
(DBN)

Up to a third of First Quench stores were under par says KPMG chief
(DBN)

Maclaren riding into receivership, again?
(DBN)

______________

Canada:

Industrial profits to fall more than 20%
(DBN)

______________

Japan:

Japan faces risk of ratings downgrade over debt
(DBN)

Japan Corporate Bankruptcies Fall For Third Month
(DBN)

______________

Germany:

German ZEW dulls rapid recovery hopes
(DBN)

______________

 

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