November 2, 2009

The Daily Bankruptcy News

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Law:

5th Circuit Decides Disqualification Case Involving Departing-Lawyer Rule
(DBN)

Spookiest Bankruptcy Opinion of 2009
(DBN)

Drinker Biddle Makes Second Round of Associate Layoffs, Moves to Merit System
(DBN)

A Terrifying Tomorrow for 22 Associates as BigLaw Firm Axes Them, Ends Lockstep
(DBN)

In That Case, Are We the Investment Banking Industry?
(DBN)

Last Week in Layoffs
(DBN)

Will the concept of 'floating lawyers' catch on
(DBN)

BigLaw Firm Halves Associates' Bonuses, Extends Salary Freeze
(DBN)

Judge in Heller Case Hears Objections to Attorney Fees, Proposed $19 Million Settlement
(DBN)

All Aboard: Cravath, Skadden Score Roles in Insider Trading Probe
(DBN)

Ex-Client Sues Seyfarth, Seeks Treble Damages & Legal Fees
(DBN)

Lawyers' $11 Million Bonus Request Leaves Judge, SEC Surprised
(DBN)

DLA Piper Getting No Love on the Streets
(DBN)

Pro B’Oh No! Making Sense of the Kaye Scholer Move
(DBN)

Most Influential General Counsel
(DBN)

Pressure Builds for In-House Attorneys
(DBN)

Bank and panel firms lock horns over secondments
(DBN)

Party isn't quite over, but firms put a cap on lavish festivities
(DBN)

Bill Lerach and Mel Weiss are Halfway Home
(DBN)

Lawyers Remember Strange Halloween Costume Case
(DBN)

Police probing ' bankruptcy case' angle in lawyer's murder
(DBN)

Pelosi Health Care Bill Blows a Kiss to Trial Lawyers
(DBN)

On the ‘Birthers’ Lawsuits and Separation of Powers
(DBN)

Ropes & Gray: Stockpiling Swine Flu Drugs
(DBN)

From Child Star to Law Professor
(DBN)

Jury Says Radio Station Must Pay $16.6M in Woman’s Water Intoxication Death
(DBN)

For Partner and Actress, Two Roles and the World's Her Stage
(DBN)

Caption Contest Finalists: Spooky Services
(DBN)

Bogle Takes on Mutual Fund Industry as Top Court Considers Fees
(DBN)

It's time to stop the trial bar's assault on mutual funds
(DBN)

Lawyer of the Week: Roland Corning
(DBN)

Lawyer in Trouble for Refusing to Take Off Watch for Courthouse Scanner
(DBN)

The New Art of Alimony
(DBN)

Say What?!
(DBN)

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Judges:

Congress Set to Take Aim at Judicial Recusals
(DBN)

Texas Judge Is Too-Often Rude, Another Judge & Lawyer Complain
(DBN)

DA’s Final Answer: Ex-Judge’s Acquittal Stands in Paddling Case
(DBN)

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Wall Street:

Stock-Index Futures Advance Before Manufacturing Report
(DBN)

Asian markets hit by CIT bankruptcy , Wall Street fall
(DBN)

Stocks Tumble on Consumer Weakness; Dow Down 2.5%
(DBN)

Wall St Week Ahead: Goodbye to all that stimulus?
(DBN)

Report: Goldman bet against own products
(DBN)

Wall Street's broken rally
(DBN)

What's Still Wrong with Wall Street
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Chrysler offers buyout to 23,000 workers
(DBN)

Geithner: Economy Rebounding, but Job Growth Lags
(DBN)

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Corporate Governance:

When Shareholders Crack the Whip
(DBN)

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Finance:

CIT files for 5th largest US bankruptcy
(DBN)

The CIT Experiment
(DBN)

CIT's Bankruptcy May Help Bondholders and Erase Taxpayer Stake
(DBN)

CIT's Swoon Hits Taxpayers
(WSJ: separate paid subscription required)

CIT Group files for prepackaged bankruptcy
(DBN)

$2.3 billion in taxpayer funds likely lost
(DBN)

Why CIT Group's bankruptcy doesn't matter
(DBN)

CIT failure to leave small businesses floundering
(DBN)

Fallout Forces Scramble for New Sources of Cash
(WSJ: separate paid subscription required)

A century of CIT, from St Louis to New York
(DBN)

Hundreds of jobs at risk at CIT Group
(DBN)

Heavenly Returns for Angel Investors?
(DBN)

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Music:

Lil Jon Bounces Back From Label’s Bankruptcy
(DBN)

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Credit Counseling:

Counselor knows why his clients are mad; he's mad, too
(DBN)

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Aviation:

Boeing Seeks To Reduce Losses from Sea Launch Bankruptcy
(DBN)

Are the Bankrupt Skies the Friendliest?
(DBN)

JAL Downgraded on Transport Minister Comments
(DBN)

Fear of cancelled flights prompts govt to save JAL
(DBN)

Air India: Rats and In-Air Fist Fights
(DBN)

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Retailing:

Temporary stores 'pop up' as mall owners sign shorter leases
(DBN)

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Freight:

Hot-rodding freight broker EA Hunter crashes, burns
(DBN)

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Corporate Reform:

Obama's financial reforms draw Democratic fire
(DBN)

Geithner Leads a Fresh Charge on Financial Reform
(DBN)

Are 'too big to fail' powers just too big?
(DBN)

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Resorts:

Turnberry told to pay $6M to Fairmont
(DBN)

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Plastics:

Recticel banks on bankruptcy to renegotiate money-losing deals
(DBN)

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Private Equity:

PE-Backed Busts Jump in October
(DBN)

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Litigation:

U.S. companies experiencing new litigation wave, anticipate more to come
(DBN)

Court of Chancery Explains Policy Reasons For Selection of Lead Counsel in Class Action; Rejects Motion to Reconsider
(DBN)

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Ratings Agencies:

How Moody's Sold Its Rating, Sold Out Investors
(DBN)

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Hedge Funds:

Frozen in Time: The Offices of Duff Capital Advisors
(DBN)

The hedge 'plunder'
(DBN)

Hedge Funds in Chapter 11
(DBN)

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Economy:

Geithner: 'Bankruptcy Code is not effective in times of severe stress'
(DBN)

Numbers big (joblessness)and small (interest)
(DBN)

Geithner: Choppy and uneven recovery underway
(DBN)

Is the economy, in fact, on the mend, or is Greenspan's theory flawed?
(DBN)

Stimulus Still an Economic 'Force,' Geithner Says
(DBN)

Roubini Fear: Biggest coordinated asset bust ever
(DBN)

Faber: GDP Report was Actually Horrible
(DBN)

US Suffering Because of Washington Failures
(DBN)

Geithner: Deficit reduction has to wait
(DBN)

Tim Geithner's Life Is Much Worse Than We Think
(DBN)

Goodbye to all that stimulus?
(DBN)

Fed Seen on Hold as Outlook Uncertain
(DBN)

25 People to Blame for the Financial Crisis
(DBN)

Erratic Behavior by Fed and Treasury Helped Exacerbate Financial Crisis
(DBN)

CBS Says White House Is Fudging Stimulus Jobs Numbers
(DBN)

Great Depression vs. Great Recession
(DBN)

Not all boom counties cough up gains in recession
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

$1 Chicago suburb homes lack buyers
(DBN)

Fraud Watch for Homeowners
(DBN)

FDIC Adopts Guidelines on CRE Loan Workouts
(DBN)

Foreclosures Growing in Suburbs and Secondary
(DBN)

Flipping a Coin, Dividing an Empire
(DBN)

Loans Goldman bought didn't get much scrutiny
(DBN)

Goldman now seizing homes subprime mortgages bought
(DBN)

Goldman left foreign investors holding the subprime bag
(DBN)

Goldman got cozy with loan star that crashed and burned
(DBN)

Should I Walk Away?
(DBN)

My $290,000 Home is Worth What?
(DBN)

South Capital Construction sues many over Trinity Town Center
(DBN)

Bankrupt builder sues Aurora, other cities.
(DBN)

Judge Rules in Favor of Astani Condo Sales
(DBN)

Do Mortgage Lenders Make More Money When a Loan Goes into Foreclosure?
(DBN)

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Tax:

Hillary: 'We tax everything that moves and doesn't move'
(DBN)

Foreign Tax Cheats Find U.S. Banks a Safe Haven
(DBN)

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Fraud:

For SEC, Madoff Answers More Troubling Than Questions
(DBN)

Madoff wishes SEC caught him years ago!
(DBN)

Jailhouse Interview: Madoff Rips SEC, Calls Schapiro a 'Dear Friend'
(DBN)

Falling Friehling: Madoff’s Auditor to Plead Guilty
(DBN)

Complacent SEC helped Ponzi scheme going
(DBN)

Madoff documents reveal incredulous, unfocused SEC
(DBN)

Are 'Madoff auctions' not as claimed?
(DBN)

Some Madoff Victims' Claims Paid
(DBN)

Muni-Bonds Gone Wild? Say It Ain’t So, CDR Fin Pro!
(DBN)

Top DOJ Fraud Section Supervisors Planning to Leave Justice Department
(DBN)

Did Galleon Always Have Too Much of an Edge?
(DBN)

Galleon Wiretaps Rattle Hedge Funds as Insider Trading Targeted
(DBN)

Hints of Missed Chance to Pursue Galleon Case
(DBN)

Rajaratnam Started Side Venture With Ex-McKinsey Chief in 2006
(DBN)

Minneapolis financier tells court of failed $60 million deal with Petters
(DBN)

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Insurance:

Judge orders insurer to indemnify JPMorgan Chase
(DBN)

D&O Insurance: Increased Limits Warranty Exclusion Precludes Coverage
(DBN)

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Banking:

Fed Summons CEOs of 28 Top US Banks to Meet With Supervisors
(DBN)

Pandit 'Near Death' Cash Hoard Signals Lower US Bank Profits
(DBN)

SEC in Settlement Talks with BofA, UBS
(DBN)

Feds close 9 banks
(DBN)

$2.5 billion hit to FDIC insurance fund
(DBN)

Small Banks Move In as Giants Falter
(DBN)

Can Citigroup Carry Its Own Weight?
(DBN)

WaMu fallout remains widespread
(DBN)

WaMu, bank runs, zombies and Bair
(DBN)

Banks Can Lie About Commercial Loans
(DBN)

Please Listen to the F.D.I.C.'s Chief
(DBN)

Geithner Urges Banks to Resume Lending, Help Recovery
(DBN)

Hawkeye State Bank May Face Punitive Damages in Loan Case
(DBN)

Regulators to Private Equity: Take It Elsewhere
(DBN)

Banking on PE investments
(DBN)

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Health Care:

On Nantucket, senior living on the edge
(DBN)

Supply-Side Ideas, Turned Upside Down
(DBN)

Wife of Sen. Against Public Option Rakes In Millions From Insurer
(DBN)

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Accounting:

Massive Malpractice Action Against Deloitte Is Reinstated
(DBN)

Grant Thornton's Determination to Saturate Us with Data on CFOs Knows No Bounds
(DBN)

Moss Adams Values 'A Balanced Life' over 'Accountability'
(DBN)

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Religion:

Wilmington diocese judge to ponder how far stay extends
(DBN)

Clergy abuse survivors call diocese settlement offer a “second rape”
(DBN)

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Golf:

Golf Clubs Hit Rough Patch
(DBN)

Twin Lakes Country Club closes
(DBN)

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Hockey:

It's possibly NHL's Greatest disgrace yet
(DBN)

Coyotes run by howling lunatics
(DBN)

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Horse Racing:

Gulfstream Park's president quits suddenly
(DBN)

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Food/Drink:

Franchise owners take on 'Erma's'
(DBN)

Civil lawsuit halted in LeNature's case
(DBN)

Tavern on the Green Halloween party from hell, say booted patrons
(DBN)

______________

Credit Cards:

Credit card rates rise to beat new law
(DBN)

Rules in the New Credit Card Act
(DBN)

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Hollywood:

Terminator franchise goes up for auction
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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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Cycles:

Bankruptcy, 10 Years After
(DBN)

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Bankruptcy Statistics:

Tennessee bankruptcy petitioners lead in debt repayments
(DBN)

______________

Bankruptcy Reform:

Bill adjusts bankruptcy laws in medical aftermath
(DBN)

______________

Compensation:

Is the ‘Pay Czar’ Unconstitutional?
(DBN)

Defining Excessive Executive Pay
(DBN)

______________

Autos:

The Old G.M. Is Dead, but Its Shares Live On
(DBN)

Ford’s Plan to Cut Costs Falls Short in Union Vote
(DBN)

Ford has suffered less than rivals
(DBN)

UAW accepts defeat of plan to alter Ford deal
(DBN)

Rejection of Ford-UAW deal spells trouble for region, industry
(DBN)

Canadian autoworkers vote in favor of ratifying Ford deal
(DBN)

Bailout Nation Mentality: Ford Workers Reject Further Concessions
(DBN)

Automakers gird for 'new normal'
(DBN)

The holdout: Alone in an abandoned car plant
(DBN)

Ghost among the machines
(DBN)

Chrysler Confirms New Round Of Buyout Offers
(DBN)

Chrysler's revival to lean heavily on Fiat
(DBN)

Seeing shades of gray in plight of Delphi retirees
(DBN)

Auto dealership bill sent to IL governor
(DBN)

Joe Prebul Trial Still Set For Nov. 16
(DBN)

Get Hecker's ex-mansion on the cheap
(DBN)

Chinese Acquisitions in the Auto Industry
(DBN)

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Oil/Gas:

A Wave Of Energy Bankruptcies
(DBN)

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Ethanol:

Otter Tail Ag files bankruptcy , inks deal with lenders
(DBN)

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Newspapers:

Ruling bolsters dissidents in Tribune Co. bankruptcy case
(DBN)

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Magazines:

It's pink-slip Time
(DBN)

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Celebs:

Attorney, 2 Others Face Trial in Drug Case Concerning Anna Nicole Smith
(DBN)

Former Cornhusker Sells Outland Trophy at Auction
(DBN)

Banks Star-Crossed by Celebs
(DBN)

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Auto Racing:

Waterford Speedbowl Files For Bankruptcy
(DBN)

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Gambling:

Centaur Gaming Becomes Latest Casino Developer To File Bankruptcy
(DBN)

Herbst reorganization plan gets OK
(DBN)

Sunday filing shows Boyd backs lenders seeking a look into finances
(DBN)

Station Casinos scales back free live entertainment
(DBN)

______________

Telecoms:

Bankruptcy a good thing for FairPoint
(DBN)

FairPoint 'happy' about bankruptcy restructure
(DBN)

Editorial: Protect Vermonters in FairPoint bankruptcy
(DBN)

Fairpoint plan spells fear for workers' benefits
(DBN)

Faced with Verizon’s plan, other states pay close attention to FairPoint’s woes in New England
(DBN)

The day it ended for Nortel Networks
(DBN)

Nortel Bankruptcy News: $28B Worth of Claims Filed
(DBN)

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Education:

School of hard cash
(DBN)

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Municipalities:

Boom to gloom: Recession slams Fla. counties
(DBN)

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Book Reviews:

An Ambitious Look at Wall Street's Convulsions
(DBN)

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Radio:

Radio station goes broke, signs off
(DBN)

______________

Lehman:

Lehman Art Auction Sells Out
(DBN)

Fuld's Last Stand On Auction
(DBN)

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Newspapers:

The Death of Newspapers, Continued
(DBN)

Transcontinental expects gamble to yield big returns
(DBN)

Newspapers aren't doing as badly as you think
(DBN)

______________

UK:

UK Bank Shake - Up to Bring In New Competitors - Darling
(DBN)

Royal Bank of Scotland to be 84% Nationalized
(DBN)

Taxpayer-owned banks still look a bad bet
(DBN)

Alistair Darling set for £30bn bank cash injection
(DBN)

Lovells takes lead on administration of Threshers parent company
(DBN)

Sandcity claws back money as stores sold
(DBN)

England Needs £350B in Tax Increases, Cuts
(DBN)

______________

EU:

Manufacturing Grows in Euro Zone, UK
(DBN)

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Germany:

Quelle last-ditch clearance sale founders as website crashes
(DBN)

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Ireland:

Irish Parl't to Approve "Bad Bank" on Nov 12 - Whip
(DBN)

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Japan:

Tokyo to Tighten Corporate Governance
(WSJ: separate paid subscription required)

Japan's Bonds Gain Most in a Month as CIT Failure Boosts Demand
(DBN)

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Australia:

Pastor Glenn Duker's $60 million debt
(DBN)

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Italy:

Italy's indebted Risanamento draws up new board list
(DBN)

______________

China:

Chinese Manufacturing Expands at Fastest Pace in 18 Months, Surveys Show
(DBN)

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