November 23, 2009

The Daily Bankruptcy News

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Law:

Law Firms Get $30M For Work On ABFS Case
(DBN)

The Jones Day Lawyers Looking to Take Down SOX
(DBN)

Those 2009 Financials Are Going to Be Ugly
(DBN)

Survey: Alternative Billing Will Become Rule, Not Exception
(DBN)

Associate Bonus Watch: Simpson Thacher & Bartlett Falls in Line
(DBN)

Seyfarth Shaw: Salary Cuts and Deferral Extensions, Oh My
(DBN)

More big law firms postpone start dates for first-year associates
(DBN)

Sutherland to Jettison Lockstep Associate Pay
(DBN)

Holiday Party Invites: Are Deferred Associates on the List?
(DBN)

Clifford Chance promotes support staff from India to associate
(DBN)

Criticism directed at Hogan Lovells for not adopting a combined profits center
(DBN)

$100M Suit: Ex-Firm Leader Peddled Fake Investments in Sex Case
(DBN)

Getting Hired Now
(DBN)

Davis Polk ‘Rock Star’ To Lead DOJ’s Fraud Section
(DBN)

Dead NY BigLaw Firm Claws for Fees From the Grave
(DBN)

General Counsel Panelists Say They Like Firms That Take the Initiative
(DBN)

Class Action Target Sues Law Firm for Defamation
(DBN)

Economy redefines law firm's focus
(DBN)

Reality Bites
(DBN)

Is the End of the Tunnel Near for Law Firms?
(DBN)

United Technologies Takes a Stand, Puts Billable Hour 'on Life Support'
(DBN)

Is the Billable Hour So Five Minutes Ago?
(DBN)

Linklaters sees revenues drop by almost 10% at half-year stage
(DBN)

My Job Is Murder: Of Sushi and Succubi
(DBN)

Pls Hndle Thx: To Catch a Thief
(DBN)

Cuomo Took Campaign Cash From Lawyers With Matters Before Him
(DBN)

Bankruptcy cases are lucrative for lawyers, other professionals
(DBN)

Lawyer on Jury Talks Lawyering in Trial Involving Lawyer
(DBN)

New face of court testimony
(DBN)

A Defiant Stewart Reports to Jail
(DBN)

States Warm to the Disclosure of Liability Coverage
(DBN)

Lawsuit of the Day: Hand Model Sues Meanies on Co-Op Board
(DBN)

______________

Judges:

Online Applications for Judicial Clerkships Jump by 66%
(DBN)

Ex-Pa. Judges in 'Kids for Cash' Scandal Win Partial Civil Immunity
(DBN)

______________

Wall Street:

U.S. stock futures climb
(DBN)

Stocks fall for 3rd day as dollar strengthens
(DBN)

Wall St. Finds Profits Again, Now by Reducing Mortgages
(DBN)

NY Times to Goldman Sachs: Pay up to cut public debt
(DBN)

Goldman's Response to Questions About AIG
(DBN)

Goldman's Sachs-Cloth and Ashes Tour Continues
(DBN)

2010 outlook: Flat is the new up
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Economists bullish -- but not about jobs
(DBN

Fla. jobless rate climbs to 11.2 percent in Oct.
(DBN)

Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1%
(DBN)

Economists forecast no MI employment growth until 2011
(DBN)

550 to lose jobs as Valero shuts refinery
(DBN)

Poll: Americans Feel the Pain of Job Loss
(DBN)

Watch The Country Get Fired: Unemployment By County 2007-2009
(DBN)

Extent of those underemployed becoming clearer
(DBN)

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Retailing:

'Black Friday' deals may not signal retail comeback
(DBN)

______________

Rating Agencies:

Ohio Jumps On The Rating Agency Lawsuit Bandwagon
(DBN)

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Newspapers:

Exclusivity extended in Phila. Newspapers bankruptcy
(DBN)

Newspaper Circulation May Be Worse Than It Looks
(DBN)

Freedom execs defend bankruptcy plan
(DBN)

Publisher Says Buyer Emerges for Ariz. Paper
(DBN)

Bing Tries To Buy The News
(DBN)

______________

Corporate Reform:

Consumer advocate rankles banks
(DBN)

I Retract My Apology and Call for More Regulation of Goldman Sachs
(DBN)

SEC wilts on surprise adviser audits
(DBN)

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Religion:

Deadline near to file church abuse claims
(DBN)

Diocese suits really punish parishioners, not perpetrators
(DBN)

______________

Lehman:

BoI, AIB seek $220m from failed Lehmans
(DBN)

Lehman, Bear Executives Cashed Out Big
(WSJ: separate paid subscription required)

______________

Credit Cards:

The Great Unknowns of Credit Card Bills
(DBN)

JPMorgan Pulls Arbitration Clause From Card Contracts
(DBN)

Consumers Union asks Fed to take action on credit card debt practices
(DBN)

______________

 

 

Economy:

Spending by Consumers Probably Increased
(DBN)

Fed under fire as public anger mounts
(DBN)

Federal Government Faces Balloon in Debt Payments
(DBN)

McConnell, Hutchison Don’t Echo Call For Geithner Resignation
(DBN)

Revisiting a Fed Waltz With A.I.G.
(DBN)

Bankruptcies to remain high? Roubini calls for 'U' recovery
(DBN)

What if a Recovery Is All in Your Head?
(DBN)

Why No One Expects a Strong Recovery
(DBN)

Agency Stands By Estimate on Jobs
(DBN)

Fed's Bullard: Asset Buying Efforts Should Remain Active
(DBN)

Bills Yielding Zero as Stocks Soar Make 1938 Moment
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

October Home Sales May Look Unseasonably Hot
(DBN)

Go Ahead and Yell. He’s Everyone’s Punching Bag.
(DBN)

Expect tightening from the FHA
(DBN)

FHA may hike fees on home loans
(DBN)

Now The FHA Is Subsidizing Hedge Funds That Flip Mortgages For Easy Profits
(DBN)

Commercial Real Estate Slide Kills City Budgets
(DBN)

Zell, Pritzker at opposite ends of spectrum
(DBN)

S.F. Office Space: Get It Cheap, While You Can
(DBN)

See No Evil Accounting - Banks are avoiding commercial real estate losses by refusing to assess property values
(DBN)

Center for Responsible Lending Puts 2009 Foreclosures at 2.9 Million
(DBN)

Even the good die young? High-quality mortgages approaching foreclosure
(DBN)

Investors question high-interest solicitations
(DBN)

D.R. Horton Sees 26 Percent Spike in 4Q Orders
(DBN)

Desperate homeowners find mortgage relief elusive
(DBN)

Detroit program to keep people in foreclosed homes
(DBN)

Behind a failed mortgage company
(DBN)

Morgan Unloads Crescent
(DBN)

My Childhood Home, Alone
(DBN)

Builders’ Dream Home: A McMansion-Sized Nightmare
(DBN)

Luxury, High-Rise Condo Auction…In The Bronx
(DBN)

_____________

Municipalities:

Unburied bodies tell the tale of Detroit — a city in despair
(DBN)

Auburn Union could face bankruptcy
(DBN)

Moody's warns NY Legislature on budget
(DBN)

Las Vegas dealt a losing hand in tumultuous economy
(DBN)

______________

Banking:

BofA May Name Stopgap CEO If Board Needs More Time for Search
(DBN)

Ken Lewis says he could stay on as CEO indefinitely
(DBN)

Independence May Cost Banks Billions
(DBN)

How Bad Is America's Bank Bust?
(DBN)

Banks Struggle to Finance Recovery - CBI
(DBN)

Sleeper cost for big us banks gaining steam
(DBN)

Florida regulators close bank
(DBN)

Review faults executives of County Bank
(DBN)

Members United Announces $150 Million October Loss, Passes Out Pink Slips
(DBN)

______________

Telecoms:

Bankruptcy judge has say in FairPoint's future States' roles could be limited
(DBN)

Walkout threat at FairPoint initiated payment
(DBN)

Ciena trumps NSN to buy Nortel ops for $769 million: sources
(DBN)

Avaya's Ali on digesting Nortel
(DBN)

Nokia to bid for Nortel's assets
(DBN)

______________

Autos:

GM: Taking Taxpayers for a Ride
(DBN)

GM creditors may recover some lost funds
(DBN)

Ford's turnaround gains momentum
(DBN)

The Best Thing That Ever Happened to Lear
(DBN)

Opel head: Company must shrink capacity up to 25%
(DBN)

______________

Auto Racing:

NASCAR 'surviving' despite economic crunch
(DBN)

______________

Celebs:

Sultan offers to help Zsa Zsa financially
(DBN)

Nicolas Cage's Manager Says Gatsby-Like Actor Has No One to Blame But Himself
(DBN)

Wesley Snipes appeals 3 tax convictions
(DBN)

Richest dead celebrity
(DBN)

______________

Health Care:

Health care bill clears first Senate hurdle on party-line vote
(DBN)

______________

Hotels:

Istithmar may lose W Hotel
(DBN)

Hotel investors tiptoe back into buying game
(DBN)

______________

Food/Drink:

Penn Traffic's buyer better be ready for a tough battle
(DBN)

______________

Hockey:

Boom to Bust
(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)

______________

Personal Bankruptcy:

Personal bankruptcy has become a largely middle-class phenomenon
(DBN)

______________

Bankruptcy Humor:

Bankruptcy Bill - Special Texas Edition
(DBN)

______________

Examiners:

Station Casinos Judge Says Bankruptcy Examiner Isn't Needed
(DBN)

______________

Derivatives:

Geithner says credit-default swaps weren't the problem, after all.
(DBN)

______________

Chemicals:

India firm may buy bankrupt LyondellBasell
(DBN)

Reliance Bond Risk Rises After Bid for LyondellBasell
(DBN)

Delaware's chemical complex crumbling
(DBN)

______________

Golf:

Golf courses suffer as recession deals a bogey
(DBN)

______________

Resorts:

Moonlight Bankruptcy : is it Yellowstone Club, or is it Tamarack?
(DBN)

Blixseth Furniture, Antiques Up For Grabs
(DBN)

______________

Private Equity:

Buyouts Are Back, Baby!
(DBN)

______________

Tax:

Another blow to a struggling economy: taxes
(DBN)

______________

Fraud:

Petters: ‘I Didn't Want a Bentley. I’m Not a Bentley Guy”
(DBN)

Addicted, followers at trial can't get enough; For attorneys, law students and regular folks, the Petters saga has it all
(DBN)

Galleon sells its stake in India's Edelweiss
(DBN)

Insider trading case's key players
(DBN)

Rajaratnam in talks with US for at least another 30 days
(DBN)

Rajaratnam's Request to Unseal Khan's Criminal Case Is Delayed
(DBN)

Informant tells Galleon judge tips came from Asia
(DBN)

Stanford investors to Antigua: Remove liquidator
(DBN)

Mississippi Valley Title: Fraud claims add up in alleged scheme
(DBN)

Joseph Forte's financial pyramid scheme
(DBN)

La. Businessman Indicted in Alleged Ponzi Scheme
(DBN)

13 Charged in $19M Central Oregon Bank Fraud
(DBN)

Beware of those who say beware of scams
(DBN)

______________

Gambling:

Majestic Star Casino LLC files for Chapter 11
(DBN)

Boyd Gaming Takes A Hit From Stations Casinos Bankruptcy Judge
(DBN)

Executive's departure blow to Greektown Casino
(DBN)

______________

Finance:

The Economy and Finance
(DBN)

______________

Compensation:

Inside the tug-of-war over pay at AIG
(DBN)

The pay of America's top corporate chief executives has increased nearly five times as fast as the wages of rank-and-file workers over the last 20 years
(DBN)

______________

Mass Torts:

Asbestos: World's Shameful Legacy
(DBN)

______________

Accounting:

Rumor Mill: KPMG L.A. Layoffs, Maybe Dallas?
(DBN)

______________

Oil/Gas:

U.S. payouts from oil, natural gas revenue fall by half
(DBN)

______________

UK:

Warning signs flash of second slump in UK housing market
(DBN)

British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips
(DBN)

Disgraced MG Rover Heads Take Extra £11M
(DBN)

Donnington Park race track declares bankruptcy
(DBN)

With No Buyer Yet, Concern that the End is Near for Borders UK
(DBN)

______________

EU:

Eurozone economic activity 'hits a two-year high'
(DBN)

______________

Canada:

Massive increase in personal bankruptcy rate in Canada
(DBN)

Hydro: Dumb and Dumber
(DBN)

Struggling companies hit a wall
(DBN)

______________

Australia:

One.Tel collapse opens an insurance can of worms
(DBN)

______________

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