November 18, 2009

The Daily Bankruptcy News

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Law:

How B of A’s GC Got Fired: Leave Now, and Leave Your BlackBerry Behind
(DBN)

House Panel Challenges BofA on Timing of GC's Firing
(DBN)

Fired BofA Counsel Tells Congress Of The "Wild Ass Guess" About Merrill Losses
(DBN)

Lots of Intrigue, Few Answers in BofA-Merrill Flap
(DBN)

Some Mysteries in the BofA-Merrill Deal
(DBN)

Nationwide Layoff Watch: Schulte Gets Things Done Before the Holidays
(DBN)

Jones Day, Boies to Battle over Lehman-Barclays Deal
(DBN)

Stroock, Kasowitz Lead Way on Trump Casino Deal
(DBN)

Harvey Miller Testifies Before House Judiciary Subcommittee on Commercial and Administrative Law
(DBN)

Ugly Side of the Beauty of BigLaw
(DBN)

Show Me the Money
(DBN)

How Much Will That Case Cost? Who Cares?
(DBN)

Rothstein And Dreier: How Much Alike?
(DBN)

Attorneys seek Rothstein interview
(DBN)

Judge Tells Defense Lawyers to Hire Private Security in Blackwater Case
(DBN)

As Small & Midsize Firms Cut Costs By 1.8%, Revenue Drops 4%
(DBN)

First Associates, Then Non-Equities, Next....
(DBN)

Partners of Mintz Levin and Choate Form New Law Firm
(DBN)

Class Claims Web of Attorneys Took $24M
(DBN)

Five Questions for Law Firms Abandoning Lockstep Compensation
(DBN)

Association for Corporate Counsel Says Its Rankings Aren't Ripe Yet
(DBN)

Ex-Clients Claim Collapsed Law Firm Took Filing Fees Without Filing Suit
(DBN)

‘Sonic Boom’: Rothstein Churned $250M in Trust Funds Last Month, Lawyer Says
(DBN)

Winston & Strawn Opens Two More China Offices
(DBN)

Will Immigration Crackdown Cost AUSA Her Shot at Top Post?
(DBN)

Law School Tuition Hikes Spread Like Wildfires in California
(DBN)

Most. LSATs. Ever.
(DBN)

A misplaced modifier is not a $2.45-million mistake
(DBN)

Lawyers Who Are Okay With Burning One Down (Or: Pot and the Law)
(DBN)

______________

Judges:

Testimony: Fed’l Judge Owed $150K on Credit Cards, Got $20K from 2 Lawyers
(DBN)

School-Press Flap Frustrates Kennedy
(DBN)

Sotomayor Becomes a Supreme Court and YouTube Celebrity
(DBN)

Was Chief Justice's Comment on Special Masters Too Harsh?
(DBN)

Second Porteous Witness 'Not Strong Enough' to Cut Off Old Friend
(DBN)

Federal Judge G. Thomas Porteous Tries to Derail Impeachment
(DBN)

Scruggs' judge gets 18 months
(DBN)

______________

Wall Street:

 

Wall Street on Track for Record in Profits
(DBN)

Wall St. job losses looking smaller than feared
(DBN)

Wall Street Investors Find Little Incentive to Buy
(DBN)

Wall St gains on broker views, but retailers sink
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Boeing gives pink slips to 250 employees
(DBN)

AP Lays Off Employees to Hit Cost-Cutting Goal
(DBN)

House Leaders Push for Jobs Bill
(DBN)

Geithner says rebalancing means jobs
(DBN)

Get Ready For 7 Million More Lost Jobs
(DBN)

______________

Retailing:

Home Depot sales, profit slide in third quarter
(DBN)

Foreclosure Proceedings for N. Colo. Mall Begin
(DBN)

Retail sales improve, but grim holiday season still forecast
(DBN)

______________

Banking:

Healthy Banks? Tracking TARP Recipients Hit With Sanctions
(DBN)

Help (still) wanted: Bank of America CEO
(DBN)

UBS reveals investment banking 'revolution' to regain profits
(DBN)

Citizens Financial parent to explore "strategic alternatives'
(DBN)

DSB bankruptcy expected to take up to 10 years
(DBN)

______________

Magazines:

Reader's Digest plan trustee seeks to halt reorganization
(DBN)

______________

Discharge:

We're Bankrupt, Nearly Everyone Involved Is Off the Hook—Not So Fast ...
(DBN)

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Bankruptcy Crimes:

GA woman sentenced for SC bankruptcy fraud
(DBN)

______________

Health Care:

No medical bankruptcies in France
(DBN)

Widow stuck with $161K medical bill
(DBN)

______________

Credit Cards:

Credit Card Defaults Fall At Capital One, BofA And JP Morgan, But Delinquencies Rise
(DBN)

______________

Distressed Investing:

Easing the stress of distressed M&A
(DBN)

Values in Mauled Debt
(DBN)

______________

Accounting:

Hopefully You've Got Plenty of PTO
(DBN)

Satyam Would Like the U.S. Lawsuits Moved to India, Oh, and PwC Would Like to be Left Out Altogether
(DBN)

______________

Mass Torts:

Madison County asbestos cases top last year's total
(DBN)

______________

Turnarounds:

Why the Boss Needs to Pay Herself More
(DBN)

_____________

 

 

Economy:

Bankruptcy Experts Challenge Obama's 'Too Big To Fail' Plans
(DBN)

U.S. House Dems sharpening 'too big to fail' plan
(DBN)

The hiring rate for recent college graduates nosedived this year to the lowest level in decades
(DBN)

House Systemic Risk Fund Could Be Capped at $200 Billion
(DBN)

U.S. Wholesale Prices Show Few Inflation Pressures
(DBN)

Who Was Really Bailed Out? We Still Don’t Know
(DBN)

NY manufacturing cooled in October
(DBN)

Fed officials differ on recovery's pace
(DBN)

Hindsight On AIG Is 20/20
(DBN)

AIG, Geithner And Backdoor Bailouts
(DBN)

Bailout in Lieu of Bankruptcy : The Sad Saga of AIG
(DBN)

Watchdog: Geithner Tried to Negotiate With AIG Counterparties
(DBN)

Geithner Paid AIG Counterparties in Full Because He 'Lacked Leverage' With Banks
(DBN)

Fed Busting
(DBN)

Jobs 'saved or created' in congressional districts that don't exist
(DBN)

"P--- Index" points to economic recovery
(DBN)

A tale of two American economies
(DBN)

The 'Racession': Asians Are OK, Mexicans Aren't, Blacks and Whites Suffer Together and Sympathize
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

A Stimulus That Could Save Money
(DBN)

TransUnion Sees Delinquency Rise for 11 Quarters
(DBN)

Housing Starts in U.S. Probably Rose, Consumer Prices Show Inflation Low
(DBN)

Drake Hotel’s Prime Space Remains Undeveloped
(DBN)

Ara Hovnanian: Surprisingly Upbeat at Home Builder Conference
(DBN)

Southern California Home Sales Rise (Modestly) in October
(DBN)

San Francisco Pending Home Sales Increase 58% Year Over Year
(DBN)

Phoenix Housing Recovery is a Mirage
(DBN)

Creditors approve LandAmerica's bankruptcy exit plan
(DBN)

In Housing Bust, Government Increasingly Favors Homeowners Over Renters
(DBN)

ResCap volatile as GMAC's plans uncertain
(DBN)

Transeastern lenders given some slack on TOUSA bonds
(DBN)

Trustee slams Alizadehs in new suit
(DBN)

Philadelphia Gives Homeowners a Way to Stay Put
(DBN)

_____________

Small Business:

Goldman, Buffett Establish $500 Million Small-Business Program
(DBN)

Small Business Loans: $10 Billion Evaporates
(DBN)

Small Business, Key to Recovery, Is Still Hurting
(DBN)

______________

Fraud:

Stanford Defendants Clash With Lloyd’s Over Payments
(DBN)

Bernard Madoff Aide Frank DiPascali Transferred to Westchester County Jail
(DBN)

Madoff Yacht, Boats Sold at Auction in Fla.
(DBN)

Thomas Petters Takes Stand at His Fraud Trial in Minnesota Federal Court
(DBN)

Petters Tells Fraud Trial Jurors He `Ran too Fast' and Trusted Too Much
(DBN)

Ponzi scheme crackdown in California
(DBN)

Raj Rajaratnam Is Not Looking For A Plea Deal
(DBN)

______________

Corporate Reform:

Elizabeth Warren: Financial Rules 'Literally Don't Work Anymore"
(DBN)

Breuer: Beware, Execs, The DOJ Will Take Your Fancy Cars
(DBN)

SEC Falls Short in Financial Audit
(DBN)

Advocating For A Consumer Financial Protection Association
(DBN)

Morgan Stanley CEO's defiant speech clicks around the world
(DBN)

______________

Cable TV:

Charter's Chapter 11 reorganization plan confirmed
(DBN)

______________

Autos:

GM Announces It Will Pay Back Gov't Loan - With Gov't Money
(DBN)

Auto business remains GMAC's top priority, new chief says
(DBN)

GM's future: what next?
(DBN)

General Motors: Still a Loser
(DBN)

GM Said to Narrow Search for New Finance Chief to Two Outsiders
(DBN)

State OKs new tax incentives to keep GM in RenCen
(DBN)

GM wants to dump liability for damaged engines in Dex-Cool cases
(DBN)

GM Rebound Pivots on Sales After Henderson Cuts Costs
(DBN)

More US Taxpayer Help For Fiat
(DBN)

Report: Hecker lifestyle not hampered by bankruptcy
(DBN)

______________

Trucking:

Wayzata Capital submits winning bid in Gainey Corp. bankruptcy auction
(DBN)

______________

Lehman:

KDB's Min Rues 'Very Good Opportunity' Missed in Lehman Failure
(DBN)

Lehman & Barclays
(DBN)

______________

Mining:

Immediate changes to Asarco unlikely
(DBN)

______________

Derivatives:

Debt restructurings spark CDS confusion
(DBN)

______________

Newspapers:

Auction for papers' fate pushed back again
(DBN)

______________

Charities:

Citing economy, Salvation Army lowers donation goal for kettles
(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)

______________

Bankruptcy Statistics:

More Middle-Class Americans Falling Victim to Bankruptcy, Study Finds
(DBN)

______________

Tax:

IRS Sees Success In Anti-Evasion Campaign
(DBN)

14,700 Taxpayers Disclose Offshore Accounts
(DBN)

IRS Details Map To Find UBS Tax Fraud
(WSJ: separate paid subscription required)

Swiss suspect "serious fraud" among UBS clients
(DBN)

Another 7,500 Confess Secret Accounts to IRS, as Swiss Unveil Plan to Say More
(DBN)

How the tax code makes debtors of us all.
(DBN)

______________

Retailing:

Retailer Earnings Show Stabilization
(DBN)

______________

Celebs:

Nicolas Cage's Money Woes
(DBN)

Nicolas Cage caused his own financial ills, ex-business manager says
(DBN)

______________

Resorts:

Trouble in Paradise
(DBN)

______________

Aviation:

Delta Offers $1 Billion to Japan Airlines
(DBN)

Transport Min: never said JAL's court-led- bankruptcy impossible
(DBN)

Japan Air Falls After Report on Minister's Bankruptcy Remarks
(DBN)

______________

Municipalities:

Business leaders back anti- bankruptcy plan for JeffCo
(DBN)

______________

Furniture:

Simon hires Lazard for General Growth bid--sources
(DBN)

It's Chapter 11 and business as usual at Simmons
(DBN)

______________

Gambling:

Penn National asks bankruptcy court for approval to buy Fountainebleau
(DBN)

Gaming expo workshop focuses on bankruptcy
(DBN)

Foxwoods fails to make full debt payment
(DBN)

Sillerman's Vegas Dreams Crash
(WSJ: separate paid subscription required)

Two Rivers panel to release mortgage used as collateral for loan in default
(DBN)

Trump, bondholders reach deal over 3 NJ casinos
(DBN)

U.S. casino revenue slips 5.5 percent in third quarter
(DBN)

Debt-ridden casino operators told to expect pressure
(DBN)

______________

Boating:

Bankruptcy officer tags Ranger as Genmar's best asset
(DBN)

______________

Finance:

Why GMAC Shouldn't Have a Government Ally
(DBN)

Lender That Really Does God's Work Is Slowed by Funding Decline
(DBN)

______________

Corporate Governance:

Do Stockholders Really Know What’s Best?
(DBN)

Was 'screw the shareholders' BofA's attitude?
(DBN)

______________

Compensation:

Fat cat pay - Then and now
(DBN)

______________

Sales:

Buyer Beware
(DBN)

______________

Hockey:

Bettman: Coyotes sale expected by season's end
(DBN)

______________

Metals:

Creditors shoot down Tri Star exit plan
(DBN)

______________

Student Debt:

College Debt Crisis May Turn on Lending Reforms
(DBN)

______________

Exemptions:

California homestead exemptions increase January 1
(DBN)

______________

Cuisine:

Recipes from the Great Depression
(DBN)

______________

Fashion:

No takers for fashion house Christian Lacroix: administrator
(DBN)

______________

Hollywood:

'Terminator' to have new owner by January
(DBN)

______________

Oil/Gas:

SemGroup chooses new CFO
(DBN)

______________

UK:

Govt proposes bankruptcy application reforms
(DBN)

UK regulators will have the power to 'tear up' bank bonus contracts
(DBN)

______________

Russia:

Bankruptcy Bill to Grant 5-Year Amnesty
(DBN)

______________

Germany:

Ex-Deutsche Bank Chief Breuer Charged Over Kirch Litigation
(DBN)

______________

Spain:

Spanish Consumer Spending Drops Least in Three Quarters as Recession Eases
(DBN)

______________

 

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