November 9, 2009

The Daily Bankruptcy News

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Law:

2009 Worst Year for Lawyer Headcount in 3 Decades
(DBN)

Legal Sector Lost 5,800 Jobs Last Month, Labor Bureau Says
(DBN)

Cleary Matches Cravath Bonuses Is it all over?
(DBN)

Clifford Chance set for more layoffs as capital markets team faces cutbacks
(DBN)

Simmons' half-year results show revenues down by 16%
(DBN)

A&O announces half-year figures as revenues fall by 7%
(DBN)

Dentons boosts first-half revenues by 3.5%
(DBN)

What's to Become of Ropes & Gray?
(DBN)

Floridian Firm's Troubles Very Good for Lawyers (Except the Ones Who Work There)
(DBN)

TD Bank Ordered to Turn Over Records to Embattled Law Firm's Receiver
(DBN)

V&E at Center of Astor-Style Texas Case
(DBN)

‘Star Associate’ Alleges Breakdown Over Work Conditions, Sues Sedgwick & Partner
(DBN)

What Makes Laterals Run?
(DBN)

Lawsuit of the Day: Sex, Drugs, and 3,000 Billable Hours
(DBN)

BigLaw Firms Still Struggle for Balance
(DBN)

Despite Gains, Gender Parity in Partnerships Is a Long Way Off
(DBN)

Last Week in Layoffs
(DBN)

Partners seek new models but wary of LPOs, outsourcing
(DBN)

Why Abandoning Lockstep Can Lead to Disgruntled Associates
(DBN)

Woman Lawyer Who Hid Gender in 1930s Law Job Applications Dies at 99
(DBN)

Firms Don't Want Corporate Counsel's Gold Stars
(DBN)

Time to Roll 'Em, Buddy, for the Tropicana Las Vegas Casino's New Top Lawyer
(DBN)

Nadel Receiver Leaves Fowler White Boggs Along With at Least 9 Others
(DBN)

Troutman Sanders: Confident Its Accused Real Estate Chief Will Return to Work
(DBN)

Revised Ethics Rule Allows Lawyers to Tout Super Lawyers Designation
(DBN)

Rothstein Firm Is Running on Fumes, Newspaper Says
(DBN)

DOJ Pushes 'Comprehensive Approach' to Discovery Reform
(DBN)

Task-Code Billing
(DBN)

A Mayer Brown Associate’s Supreme Court Debut: A Post-Argument Recap
(DBN)

Panel Reinstates Failed Hedge Fund's Claim Against J.P. Morgan Chase
(DBN)

Two Law Firms Housed in Orlando Building Where Shooter Left One Dead
(DBN)

Judge vacates $1.26B default ruling against PepsiCo
(DBN)

Busted! Lawyers Nabbed in SEC's Hedge Fund Probe
(DBN)

Legal Malpractice Plaintiffs Can Recoup Fees Paid to Fix Lawyers' Mistakes
(DBN)

Legal Secretary’s Paper-Punchings are Confetti for Yankees Victory Parade
(DBN)

An Ill-Advised Way To Make $300
(DBN)

Lawyer of the Day: I’m Not As Think As You Drunk I Am
(DBN)

Man Files Lawsuit Claiming That Kate Gosselin and Octomom's kids are his
(DBN)

Say What?!
(DBN)

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Judges:

Civil Rights Group and Daughter of Executed Man Want Court-Closing Judge Back on Trial
(DBN)

Troubled Pa. Court Asks Lawyers to Volunteer to Reduce Trial Backlog
(DBN)

9th Circuit Vindicates Judge for His Ruling in Bizarre Murder-for-Hire Case
(DBN)

Chief Justice Takes to the Mound on Supreme Court Baseball Cards
(DBN)

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Wall Street:

Stocks poised to climb
(DBN)

European, Asian Stocks Gain on G-20, Axa; US Futures Advance
(DBN)

Bear's last supper
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Jobless: 10 Percent Is Tougher Than It Used to Be
(DBN)

Protecting Your Money Ahead of a Pink Slip
(DBN)

Finding a job tougher today than in 1982 recession
(DBN)

Big Oil's New Lean Look Fuels Job Fears
(DBN)

Up in the Air Screening Has New York Elites Pondering Layoffs
(DBN)

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Banking:

Reed Says ‘I’m Sorry’ for Role in Creating Citigroup
(DBN)

IMF exploring insurance levy on banks
(DBN)

Zombies Draining Deposits from Healthy Banks
(DBN)

Overdraft-protection timebomb
(DBN)

UK gives impetus to global banks tax
(DBN)

Small banks in Ga., Mich. closed
(DBN)

Big California bank fails, has China branches
(DBN)

The Dismantling of Citi
(DBN)

Worrying About Bailout Banks' Brain Drain
(DBN)

RBS Cuts Losses, Bank Profits Slump
(DBN)

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Autos:

Car Buyers Come Back, but Not in Droves
(DBN)

Credit shortage threatens supplier growth
(DBN)

Prebul trial set; no plea
(DBN)

NM Auto Dealer Tried to Save Business by Gambling
(DBN)

Judge scolds Hecker for scant financial disclosures
(DBN)

'Clunkers' sales point to challenges for Detroit's Big 3
(DBN)

G.M. Executive Quits Over Opel Decision
(DBN)

How the Wheels Fell Off GM Europe
(DBN)

Magna's Wolf Says Opel Needs More Independence
(DBN)

GM to Stick to Opel Cuts Plan
(DBN)

Opel unions see autonomy as condition to talks
(DBN)

GM's Henderson to Fill Opel Power Vacuum, Handelsblatt Says
(DBN)

GM's China 2009 sales pass 1.5 million units
(DBN)

GM Tries to Restart Russian Deal with Magna
(DBN)

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Hockey:

Players need to know real Coyotes' story
(DBN)

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Resorts:

High-flying Big Sky humbled by bankruptcy , lawsuits
(DBN)

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Economy:

U.S. Unemployment Rate Hits 10.2%, Highest in 26 Years
(DBN)

Broader Measure of U.S. Unemployment Stands at 17.5%
(DBN)

Trade Gap Probably Widened, Imports Grew
(DBN)

America and the Terrible, Horrible, No Good, Very Bad Jobs Numbers
(DBN)

G-20 Said to Start Adopting Detailed Stimulus Exit Framework in January
(DBN)

Bailout Update: $400 Billion Outstanding
(DBN)

Brown Urges Group of 20 Ministers to Avoid `Dangerous' Early Stimulus Exit
(DBN)

Nobel Winner Phelps Sees U.S. Recovery Fading, `New Normal' For Economy
(DBN)

Many jobs 'saved' by stimulus funds weren't in jeopardy
(DBN)

Berkshire Says Profit Tripled in Quarter
(DBN)

Buffett's `Wake-Up Call' to Berkshire Managers May Signal More Cost Cuts
(DBN)

Stimulus, Not Tax Needed: Geithner
(DBN)

World's Central Banks Signal End to `Largesse' as Depression Threat Fades T
(DBN)

Inside the Global Gold Frenzy
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Higher Unemployment Means Many More Distressed Properties to Come
(DBN)

Freddie Mac posts $5 billion loss
(DBN)

Administration Rejects Plan to Buy Fannie Mae Credits
(DBN)

Super Jumbo Mortgages, Housing's Blank Check
(DBN)

Q&A: How To Rent Your Home From Fannie Mae
(DBN)

First-time-homebuyer credit draws fraudulent claims
(DBN)

Commercial real estate facing worse days
(DBN)

Owner of bankrupt OC project buys Vegas land
(DBN)

Financing woes prompt Charlotte development firm's bankruptcy filing
(DBN)

Could Weak Housing Tank Economy Again?
(DBN)

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Debt Collection:

Think you've got it bad?
(DBN)

______________

Compensation:

Windfall Is Seen as Bank Bonuses Are Paid in Stock
(DBN)

To Retain Its Bankers, Citi Offers Option Plan
(DBN)

______________

Fraud:

Madoff Trustee Drops $279 Million From Claim Against Merkin
(DBN)

Galleon Scandal Scorecard: Hedge Funds, Lawyers and 'Octopussy'
(DBN)

The Real Keys to the Galleon Case?
(DBN)

Galleon: Taking the Insider Out of Insider Trading
(DBN)

Hedge fund scam suspect in on the run in Mumbai: FBI
(DBN)

The goofy Galleon gang: Wacky hedgies play cops and robbers...with real cash!
(DBN)

Defendant in Galleon Case Worked at SAC
(DBN)

FBI clipping hedge funds
(DBN)

Brothers' land deals bring lawsuits, federal investigations
(DBN)

Southern Funding owner pleads guilty to bank fraud
(DBN)

Petters investors may see 'clawbacks'
(DBN)

OC restaurant king accused of fraud
(DBN)

______________

Small Business:

Small Businesses Hunker Down to Survive
(DBN)

______________

Lehman:

Fannie Mae Files $15.8 Billion in Claims in Lehman Bankruptcy
(DBN)

Small investors win another round in fight over Lehman bankruptcy
(DBN)

______________

Telecoms:

Will state have say in FairPoint bankruptcy ?
(DBN)

Creditors seek bankruptcy probe
(DBN)

Same chapter, different book in Fairpoint, PSNH bankruptcy cases
(DBN)

Who killed Nortel? Rock meets hard place
(DBN)

______________

Religion:

Churches flooding already hammered real-estate market
(DBN)

Plaintiffs make deal for release of priests' records
(DBN)

Deal puts off abuse cases against parishes
(DBN)

Goldman Sachs boss says banks do "God's work"
(DBN)

Even as Dioceses file bankruptcy over sex abuse cases, Catholic Bishops threaten to undermine health insurance reform
(DBN)

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Tech:

MagnaChip exits bankruptcy in US
(DBN)

______________

Fashion:

Mittal Family Buys Escada, Moving Into Luxury Goods
(DBN)

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Celebs:

Bear Stearns Casualty Leaves Poker Table $22 Million Lighter
(DBN)

______________

Theme Parks:

Six Flags agrees to Avenue Capital bankruptcy plan
(DBN)

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Derivatives:

Ban Credit Default Swaps
(DBN)

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Charity:

Charitable Giving in Tough Times
(DBN)

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Hotels:

Tampa: Westshore Hotel foreclosure caused by high debt, mismanagement
(DBN)

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Bankruptcy Crimes:

Mississippi woman sentenced for bankruptcy fraud
(DBN)

_____________

Credit Counseling:

Beware of 'Debt-Relief' Offers
(DBN)

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Newspapers:

Loan guarantee to newspaper raises journalistic eyebrows
(DBN)

Judge to Rule on Phila. Newspapers Bankruptcy Status
(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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Consumer Credit:

Consumer Credit Declines More Than Forecast Amid Mounting U.S. Job Losses
(DBN)

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Chapter 13:

In re Lanning
(DBN)

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Exemptions:

Transcript in Schwab v. Reilly
(DBN)

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Finance:

CIT's bankruptcy fuels the debate about resolving financial failures
(DBN)

Banks Doubted a Lender, but Still Propped It Up
(WSJ: separate paid subscription required)

______________

Corporate Reform:

Executives Are Wary After Arrests
(DBN)

Choice for Bear Trial Jury: Two Clashing Stories
(DBN)

Ex-Agriprocessors Exec Admits ‘Mistakes,’ Denies Guilt
(DBN)

Wall St. trial summations hone in on "toast" email
(DBN)

Critics take Frank 'too-big-to-fail' bill to task
(DBN)

Regulating Wall Street Like Las Vegas: Yes We Can
(DBN)

______________

Symphonies:

Honolulu Symphony files for bankruptcy
(DBN)

Honolulu Symphony Bankruptcy Disturbs Musicians
(DBN)

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Consumer Electronics:

Another Paul Allen Company Enters Bankruptcy
(DBN)

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Municipalities:

Criminal cases unlikely on new debt allegations in Jefferson County
(DBN)

Credit Default Swaps Sink Jefferson County
(DBN)

Life without Prichard pension: Couple's savings could be gone by Christmas
(DBN)

Public Pensions Face Ugly Choices
(DBN)

______________

Health Care:

Sweeping Health Care Plan Passes House
(DBN)

Maybe a New Day for Doctors’ Pay
(DBN)

Sierra Kings hospital board gets new leader
(DBN)

Natchez bankruptcy proceedings coming to an end?
(DBN)

Recession Hits Senior Communities
(DBN)

______________

Insurance:

A.I.G. Reports Profit but Warns of Continued Volatility
(DBN)

______________

Education:

Prep Schools Face Cuts in Student Aid
(DBN)

______________

Personal Finance:

Florida shooting suspect had money problems
(DBN)

______________

Manufacturing:

Buyer could end massive CORE bankruptcy
(DBN)

______________

Radio:

Citadel Broadcasting prepares for Chapter 11
(DBN)

______________

Food/Drink:

Copia liquidation plan approved
(DBN)

City Wants to Make a Federal Case Out of Tavern on the Green
(DBN)

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Tax:

UK And Australia Seek UBS Data
(DBN)

______________

Accounting:

When Is a Lease a Lease?
(DBN)

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Oil/Gas:

Teton Energy Files For Chapter 11 Bankruptcy Protection
(DBN)

Teton Energy Corporation Files for Reorganization Under Chapter 11
(DBN)

______________

Gambling:

Trump Entertainment loses $15 million in third quarter
(DBN)

______________

Credit Cards:

Advanta Corp files for bankruptcy protection
(DBN)

______________

Examiners:

Creditors seek examiner in FairPoint bankruptcy
(DBN)

______________

UK:

Insolvency stats show corporate liquidations drop
(DBN)

Britain and U.S. Clash at G-20 on Tax to Insure Against Crises
(DBN)

Lloyds Has 165 Billion-Pound BoE Bank Loans
(DBN)

British Bankers Defend Their Pay and Bonuses
(DBN)

A boom in bust as 400 a day go bankrupt
(DBN)

Lloyds rights issue looks distinctly unattractive
(DBN)

Britons face higher credit card charges
(DBN)

______________

Canada:

Canada Loses 43,200 Jobs in October, Unemployment Rate Increases to 8.6%
(DBN)

______________

Middle East:

World Bank: UAE insolvency laws need reform
(DBN)

Japanese Companies Are Owed Billions in Dubai
(DBN)

______________

Israel:

Bankruptcy looms for Betar Jerusalem
(DBN)

______________

Bulgaria:

Bondholders Decide on Bankrupt Bulgarian Steel Mill Fate
(DBN)

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