November 19, 2009

The Daily Bankruptcy News

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Law:

B of A Officials Say Firing of GC Was Just a Corporate Downsizing
(DBN)

Ruling in BofA Class Action Opens Treasure Trove of Documents
(DBN)

BofA Hearing: More Questions than Answers
(DBN)

Jones Day leads as Lehman files suit against Barclays over $5bn 'windfall'
(DBN)

Gibson Dunn, Simpson Thacher Chart a Course for MGM
(DBN)

Gibson Dunn Names New Bankruptcy Partner (scroll down)
(DBN)

A&O signs legal work outsourcing deal
(DBN)

After BigLaw Deferral, ‘08 Grad Finds New Job as a Judge
(DBN)

Young lawyers put to the test in shrinking market
(DBN)

Layoffs at Schulte Roth
(DBN)

Leading law firms out of the recession
(DBN)

How to Shift Law Firms to a Performance-Based Compensation System
(DBN)

In Houston, Being an Am Law 100 Partner Has Its Drawbacks
(DBN)

Yearly Fee System Helped Tyco's Legal Department Put It All Together
(DBN)

The E-Discovery Battle between Vendors and Firms Has Arrived?
(DBN)

Hackers Targeting Large Law Firms in Increasing Numbers
(DBN)

Courts Raise Bar on Employers Monitoring Email
(DBN)

Attorney Acquitted in 36-Count Federal Drug & Money-Laundering Case
(DBN)

Accused of Running $1B Ponzi Scheme, Rothstein Gives Up Law License
(DBN)

Collateral Damage: More Folks Affected By Rothstein Rip-Off
(DBN)

Other firms scoop up Rothstein's colleagues
(DBN)

Lawsuit Accusing Toyota of Destroying Evidence Is Headed for Arbitration
(DBN)

Tom Daschle to Join DLA as Senior Policy Adviser
(DBN)

Ex-Lawyer Took Fifth, Couldn't Defend $2.4M Civil Case, Now Gets New Trial
(DBN)

Judge Bans Pro Se Defendant from His Own Trial
(DBN)

Lack of Commitment to Diversity Angers McGuire Woods Partner
(DBN)

My Job Is Murder: Of Death, Detectives, and Defibrillators
(DBN)

Law Student of the Day
(DBN)

Berkeley Law Students, How Did the ‘Not Ironic’ Strike Go?
(DBN)

ABA Shake-Up Ousts Executive Director, Other Top Staff
(DBN)

You (and 60,000 Others)Have Taken the LSAT. Now Read This.
(DBN)

1L’s Promising Pundit Career Cut Short Because of Harvard Law Finals?
(DBN)

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Judges:

Judge Jails 2 Attorneys for Contempt in 4 Days
(DBN)

Ex-Clerk Was Reluctant to Tell Scalia She Went into Entertainment Law
(DBN)

Justice Kennedy: Staffer Asked to Review Student Story Without His Knowledge
(DBN)

Judge of the Day: Michael Edwards
(DBN)

Tardiness Not a Matter of Ethics, N.Y. Judge Argues
(DBN)

Wheels of Congress grind slowly in Judge Thomas Porteous impeachment
(DBN)

Judge Thomas Porteous' behavior prompts questions about entire New Orleans area judiciary
(DBN)

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Wall Street:

US Stock-Index Futures Drop
(DBN)

European Stocks Fall for Third Day
(DBN)

Asian Stocks Mixed Amid U.S. Economic Weakness
(DBN)

US Stocks Fall
(DBN)

Wall Street Says Bah Humbug, Cancels Christmas Parties
(DBN)

Moody's May Cut Goldman Debt in $450 Billion Review
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Aetna says cutting roughly 1,250 jobs
(DBN)

Michigan jobless rate edges down to 15.1 percent
(DBN)

Jobless Benefits Will Expire Unless Congress Acts
(DBN)

Immigrant jobless rate soared during recession
(DBN)

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Pensions:

As pensions dried up, four firms paid top execs $49.5M
(DBN)

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Building Materials:

BMHC unveils plans to emerge from Chapter 11
(DBN)

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Health Care:

Sunrise Completes Sale of 21-Community Portfolio
(DBN)

Erickson Resists Call For Patient-Care Ombudsman
(DBN)

Most Americans Want Wealthy to Pay for Health Care
(DBN)

Hard-pressed small firms drop health insurance
(DBN)

Senate Health Plan Seeks to Add Coverage to 31 Million
(DBN)

The Health Care Numbers Game
(DBN)

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Telecoms:

Creditors to FairPoint: Pay Us Our Money
(DBN)

Nokia Siemens, One Equity bid for some Nortel assets
(DBN)

Ericsson hires 900 Canadian Nortel workers
(DBN)

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Newspapers:

Newspapers: The Opportunity of Bankruptcy
(DBN)

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Fraud:

Ritchie Capital Files RICO Lawsuit Against Two Former Petters Executives
(DBN)

Petters Testifies Son’s Murder Caused Him to Withdraw
(DBN)

HSBC Has to Pay Madoff Investors Only If Local Court Says So
(DBN)

Stanford lawyers and Lloyd's of London butt heads in court
(DBN)

Recovered funds to go to Stanford investors
(DBN)

Receiver targets former Stanford employees to recover money for investors
(DBN)

DOJ Deja Vu: Feds Unveil New Financial Fraud Task Force
(DBN)

Creditors seek to stop payments to Dwek
(DBN)

Creditors file suit against FBI informant Solomon Dwek
(DBN)

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Retailing:

Limited Has Unexpected Quarterly Profit, Raises Annual Forecast
(DBN)

Retail Rents Fall 9% in Manhattan
(DBN)

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Shipping:

Shipper CMA CGM Sees Demand Recovering in Europe, Not in U.S.
(DBN)

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Economy:

Geithner: Jobs can't flow without bank loans for small businesses
(DBN)

Geithner: Don't Count on US Consumers
(DBN)

National Debt Breaks $12 Trillion
(DBN)

Obama: Too much debt could fuel double-dip recession
(DBN)

Fed May Not Increase Rates Until 2012
(DBN)

Panel: US can dismantle 'too big to fail' firms
(DBN)

Downturn cost US metro areas all recent job growth
(DBN)

‘Road Trip’ Shows U.S. Stimulus Falls Short, ING Says
(DBN)

GAO Says More Than 50,000 Jobs Claimed From Stimulus Projects That Have Spent No Money
(DBN)

Improper government payments hit $98B
(DBN)

OECD Sees Bumpy Path to Recovery
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

What's Really Going On in the Housing Market
(DBN)

Hiring Boom in Mortgage Restructuring
(DBN)

Housing Starts In Surprise Decline, 10.6%
(DBN)

New Housing Starts Could be Worse Next Year
(DBN)

Housing Fell as End of Credit Loomed
(DBN)

FHA-Backed Lending Is a 'Train Wreck,' Toll Says
(DBN)

Manhattan retail rents vary wildly amid recession
(DBN)

Cedarlake Village in Plainfield files for bankruptcy
(DBN)

Surprise: Former LandAmerica customers vote for bankruptcy plan
(DBN)

Developers Diversified, Goldman Sachs Put CMBS Deals Back in Action
(DBN)

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Accounting:

CPAs Emit Faint Glimmer of Hope
(DBN)

Profits drop at Grant Thornton as restructure takes its toll
(DBN)

Liability claims set to surge
(DBN)

Pa. woman can't re-sue Ernst & Young for $103M
(DBN)

Lost Your Job? No One Cares!
(DBN)

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Autos:

GM Speeds Up Checks to Suppliers, Feds
(DBN)

GM Foresees Fewer Vauxhall Job Cuts
(DBN)

GM, Chrysler not required to make electric cars: Bloom
(DBN)

GM Must Pay Debt, Make Money Before IPO
(DBN)

GM Debt Pay to be Revisited in June
(DBN)

U.S. wants to fast-track GM IPO
(DBN)

White House car czar says GM IPO could happen in 2010
(DBN)

Chrysler's last chance to get it right
(DBN)

McCain won't back off slam about Chrysler
(DBN)

Chrysler May Drop 145 Dealers on Lack of Financing for Them
(DBN)

Courts Extend Law On Sales
(DBN)

Hecker discloses post- bankruptcy spending
(DBN)

Hecker barely avoids penalty
(DBN)

Many left in Jeff Sachs bankruptcy wake
(DBN)

Republicans John McCain, Michael Steele suddenly oppose GM, Chrysler bailouts, blame unions
(DBN)

Electric Cars Push Engine Parts Makers to Crisis Mode
(DBN)

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Banking:

Former IndyMac trustee files lawsuit against bank's parent
(DBN)

Post-Mortems Reveal Obvious Risk at Banks
(DBN)

TARP's Problem Children
(DBN)

Geithner Says Banks Have 'Obligation' to Lend More
(DBN)

Capital Injections to Bank of America and Citigroup Under Scrutiny as TARP Losses Increase
(DBN)

Citi chief stays on $1 a year
(DBN)

Here's Why The Hedge Funds Are Shorting Regional Banks
(DBN)

Small Banks Still Ailing
(DBN)

Union Bankshares repays $59 million TARP loan
(DBN)

Banks Need More Bankers on Boards
(DBN)

Wells Fargo agrees to buy back $1.4B in securities
(DBN)

As Congress Targets Overdraft Fees, Ready Financial Pounces
(DBN)

Hildebrand Says Switzerland Needs Tighter Bank Rules Than World
(DBN)

Barclays Enters the Twilight Zone
(DBN)

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Finance:

Strong bank bid could squeeze CIT's CDS auction
(DBN)

CIT's Pain Is Goldman's Gain
(DBN)

Credit Froth - Déjà Vu
(DBN)

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Coins:

National Gold Exchange's Mark Yaffe could emerge from bankruptcy in March
(DBN)

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Retailing:

Galleria Dallas manager Simon Property weighs options on buying General Growth
(DBN)

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Horse Racing:

Dixon land auctioned off in Magna horse-racing bankruptcy case
(DBN)

Judge to hear arguments over Magna profit-sharing deal
(DBN)

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Tax:

Joe Francis -- Record-Breaking Tax Debtor
(DBN)

Hoyer Says Financial-Transaction Tax 'On the Table'
(DBN)

UBSers Cometh to the Taxman
(DBN)

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Debt Collection:

State AG Sues 17 Internet Payday Lenders and Collection Agencies
(DBN)

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Municipalities:

California Faces $20B Deficits for Years to Come
(DBN)

New Jersey Panel Faces $111 Million Swaps Payment
(DBN)

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Hockey:

Field of potential Coyotes owners looks pretty thin
(DBN)

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Media:

60,000 communications jobs lost in NYC
(DBN)

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Mass Torts:

Boys ranch moves assets before abuse trials’ start
(DBN)

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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)

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Bankruptcy Reform:

Modify bankruptcy , not U.S. financial rules -Congress aide
(DBN)

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Bankruptcy Statistics:

Three Big Bankruptcy Filings in Delaware
(DBN)

More members of middle class file for bankruptcy
(DBN)

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M&A:

No bankruptcy M&A slowdown
(DBN)

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Awards:

David Osias of Allen Matkins to be Inducted as Fellow of American College of Bankruptcy
(DBN)

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Small Business:

Goldman's '10,000 Small Businesses' Plan a Hit
(DBN)

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Plan Confirmation:

Son of Pine Gate
(DBN)

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Corporate Reform:

Payback Time? The SEC Launches a Second 'Clawback' Case
(DBN)

Financial Reforms Grind Forward in Congress
(DBN)

Dodd Legislation May Strip Fed, FDIC of Power
(DBN)

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Food/Drink:

Penn Traffic files for bankruptcy , to sell stores
(DBN)

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Gambling:

Agreement expected in casino bankruptcy
(DBN)

Foxwoods financial troubles worries lawmakers
(DBN)

Atlantic City Casinos Experience Third Quarter Revenue Decline
(DBN)

Resorts Atlantic City reveals bleak financial situation as lenders prepare to take over
(DBN)

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Aviation:

Despite New Bidders, Japan Airlines Could Still Face Bankruptcy
(DBN)

Dueling Alliances Make Aid Offers to Japan Airlines
(DBN)

Loss-hit JAL too big to fail
(DBN)

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Metal Working:

Taylor-Wharton International files for Chapter 11
(DBN)

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Lehman:

Lehman chief denounces 'flat-out silly' claims
(DBN)

Lehman Brothers Creditors File $824 Billion in Claims
(DBN)

Lehman expects reorganization plan in 1st quarter
(DBN)

Lehman Will Fight Big Bank Claims
(DBN)

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Avoidance Actions:

Trustees in the Pope & Talbot and Specialty Motors Bankruptcies File Hundreds of Preference Actions
(DBN)

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Magazines:

Reader's Digest leaving longtime suburban HQ
(DBN)

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Celebs:

Rod Stewart Owes $3.3M, Says Law Firm
(DBN)

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Insurance:

Ambac capital exceeds required minimum
(DBN)

Former AIG CEO Says Government Is Making Things Worse for the Company
(DBN)

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Compensation:

Is Compensation on the Rise at PE Firms, Hedge Funds?
(DBN)

The big financial pay pie
(DBN)

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Private Equity:

Private-Equity Funding Plunges 62% at Calpers Amid Fee Review
(DBN)

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Arena Football:

If You Can’t Beat ‘Em, Join ‘Em
(DBN)

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Payday Lending:

On Poverty, Interest Rates, and Payday Loans
(DBN)

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Personal Finance:

How To Go Broke, In Style
(DBN)

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Debt Collection:

New York-Based Collection Giant Expands
(DBN)

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Resorts:

Moonlight Basin files for bankruptcy
(DBN)

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UK:

OFT delves into insolvency market
(DBN)

Global corporate insolvencies: after a black year in 2009, Euler Hermes expects corporate insolvencies to stabilize at a high level in 2010
(DBN)

Directors: Prepare for Insolvency
(DBN)

Brown Plans to Require Britain's Banks to Disclose Pay Levels
(DBN)

UK Companies See Rise in Middle-Management Fraud
(DBN)

HMRC pursues tax avoiders in transfer pricing clampdown
(DBN)

Personality of the year: Tony Lomas
(DBN)

Auditors caught in Rover headlights
(DBN)

UK Retail Sales Rise for Second Month on Clothing
(DBN)

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EU:

US Recovery Seen Outpacing Europe in 2010
(DBN)

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Iceland:

Icelandic Villain, Anyone?
(DBN)

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Asia:

Singapore Economy Expands for 2nd Straight Quarter
(DBN)

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Middle East:

Insolvency and directors' liability
(DBN)

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Australia:

No Rich pickings for ASIC
(DBN)

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