October 19, 2009

The Daily Bankruptcy News

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Law:

Police Official Moonlights As Bankruptcy Lawyer
(DBN)

Skadden Arps Advising CIT on Recapitalization Options
(DBN)

Kirkland elevates 5 bankruptcy lawyers to partner
(DBN)

Lubic leaves Sonnenschein for K&L Gates
(DBN)

Lawyers Vexed by New Law Barring Up-Front Fees for Mortgage Modification Work
(DBN)

Deconstructing O'Melveny Chair's Remarks on BigLaw
(DBN)

Did BofA Mess Up Its Privilege Waiver?
(DBN)

Was He Listening? - Legal advice-whether it was taken or not-is at the center of state and federal probes of Bank of America
(DBN)

5th Circuit to Interpret Departing-Lawyer Rule
(DBN)

How Alex Sink got 1000 attorneys to work for free
(DBN)

Defense Counsels Hired For `Not Your Garden Variety Insider Trading Case'
(DBN)

Start-up Lures Big Firm Refugees with Lower Billing Rates, Higher Morale
(DBN)

Blog Tracks Federal Jobs for Lawyers
(DBN)

U.K. Firm Sees 10 Percent of Partners Leave in Ten Months
(DBN)

Under Scrutiny, Attorney Puts His Firm out of Business
(DBN)

Billionaire Among 6 Nabbed in Hedge Fund Insider Trading Case
(DBN)

11thCircuit: Don't Break the Law to Comply With It
(DBN)

Simmons goes all-out on corporate responsibility
(DBN)

Litigation-Financing Fund Raises a Record $130M in IPO
(DBN)

Former Nixon Peabody Associate Faces Criminal Charges for Alleged Insider Trading
(DBN)

Law Firms to Be Rated on Client Satisfaction in New ACC Index
(DBN)

Five Types of Corporate Lawyers Predicted for the Future
(DBN)

MoFo Settles Billing-or-Malpractice Fight
(DBN)

Artist Admits Using Other Photo for ‘Hope’ Poster, Lawyers To Withdraw
(DBN)

Hunton & Williams delays record disclosures in Stanford case
(DBN)

Ex-Red Wings Star Sergei Fedorov Sues Lawyers, Claims Client Conflict Cost Him Millions
(DBN)

Quinn Emanuel Believes in ‘C.B.A.’ (Check BlackBerry Always)
(DBN)

Lawyer Facing Possible Discipline Digs Hole a Little Deeper
(DBN)

Interracial Newlyweds Derailed In Dixie
(DBN)

Law Firm Swag Contest: The Winner
(DBN)

Anonymous Wikipedia Libelist Linked to Patterson Belknap
(DBN)

New Details Emerge About Search Warrants In Letterman Case
(DBN)

Lawyer Protests 120-Day Contempt Term for Language Used in Court Filing
(DBN)

The Balloon Boy Bust: Can Authorities Come Up With Federal Charges?
(DBN)

Heat maps as a way to portray risks of litigation
(DBN)

Say What?!
(DBN)

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Judges:

New U.K. Supreme Bench Stirs Debate
(DBN)

RIP: Judge William Wayne Justice
(DBN)

Justice returns to city: Sotomayor is star at 30th reunion
(DBN)

Was Judge Transferred Because of His Facebook Activity?
(DBN)

Is It A Requirement For Judges To Abuse Their Power?
(DBN)

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Wall Street:

US Stock-Index Futures Rise
(DBN)

US Stocks Rise as JPMorgan's Profit Helps Dow Exceed 10000
(DBN)

Bailout Helps Fuel a New Era of Wall Street Wealth
(DBN)

Seniors stiffed as greedy fat cats roll in bailout dough
(DBN)

Goldman Can Spare You a Dime
(DBN)

Bear Stearns case: Not so simple
(DBN)

Even monkeys might resent the return of record profits-and record bonuses-on Wall Street
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

US can't afford pay for no work
(DBN)

Florida Jobless Rate Worst Since 1975
(DBN)

Job Program Found to Miss Many States That Need It Most
(DBN)

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Priorities:

Reports of the Demise of Senior-Class Gifting in Chapter 11 an Exaggeration
(DBN)

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Health Care:

Forum Creditors Object to Pishkur Agreement
(DBN)

Get in shape or pay a price
(DBN)

Union Upset Over Former CEO's Potential Consulting Salary
(DBN)

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Retailing:

An Early Peek at What Might Be Under the Tree
(DBN)

Price War Over Books Worries Industry
(DBN)

Fashion Place sued for $6.6 million in unpaid bills
(DBN)

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Corporate Reform:

Don’t Let Exceptions Kill the Rule
(DBN)

Obama, Advisers Push Back on Bank Lobbying Against Regulation
(DBN)

Mr. Storch Goes to Washington
(DBN)

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Fraud:

Hedge Fund Chief Is Charged With Fraud
(DBN)

Feds: Tipsters aided Silicon Valley insider-trading scheme
(DBN)

How Galleon Got (and Lost)Its Edge
(DBN)

Sri Lanka shocked by fund manager fraud charges
(DBN)

Sri Lanka Stocks Fall Most in 4 Months on Rajaratnam Arrest
(DBN)

Rajaratnam Gave Lots of Money to the Tamil Tigers
(DBN)

Hedge-Funder Raj Rajaratnam Got Cranky When People Refused to Partake in His Insider-Trading Scheme
(DBN)

Insider Trading Defendants, Wasting no Time, Lawyer Up
(DBN)

Arrest of Hedge Fund Chief Unsettles the Industry
(DBN)

The Galleon Insider-Trading Charges: The Moody’s Connection
(DBN)

Rajaratnam Surfaced in Terror Probe
(DBN)

Prosecutors Ask Judge To Let Key Madoff Defendant Go Home
(DBN)

Madoff Victims Aren't Entitled to Fake Profit, SIPC Tells Judge
(DBN)

Mark Madoff Just Wanted to Be Somebody Else for a Day
(DBN)

Trustee Says More Madoff Aides Tied to Fraud
(DBN)

Tom Petters bets it all on a trial
(DBN)

Teachers, principals caught in fraud case
(DBN)

Skilling, Black Say Ditch 'Honest Services' Law
(DBN)

Skilling review fuels debate over Enron prosecutors
(DBN)

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Tax:

No Amnesty, But Evaders Still Welcome
(DBN)

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Securitization:

Unpack Those Troubled ‘Repackaged’ Securities
(DBN)

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Health Care:

The hard truth - America's four health care systems
(DBN)

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Economy:

All ears are on Bernanke, Fed report
(DBN)

2009 federal deficit surges to $1.42 trillion
(DBN)

Canadian Dollar Climbs Toward Parity With U.S.
(DBN)

Is It the 1930s Again?
(DBN)

US Deficit Worst Since 1945
(DBN)

Women Earned More During Recession
(DBN)

Geithner: US Must Live Within Its Means
(DBN)

The Economic Stimulus Plan, Part 2
(DBN)

Conditions point to another lost decade
(DBN)

Too Big to Fail - Even Greenspan Is Speaking Out
(DBN)

Television and Debt
(DBN)

Young people bear the brunt of recession
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Drop in foreclosures called ‘very scary’
(DBN)

Bank Errors Mar Mortgage Relief
(DBN)

Mortgage Rates Up, but Still Under 5 Percent
(DBN)

Mortgages: Price Security for Home Sellers
(DBN)

The media loan-modification program
(DBN)

Law Prohibits Up-front Fees for Foreclosure Relief Services
(DBN)

BarCap Expects $2bn of CMBS TALF Requests
(DBN)

Liquidating Lenders Manage 60% Recovery
(DBN)

17% Commercial Vacancy in S. California
(DBN)

Florida Foreclosure Crisis Far From Over
(DBN)

Giant landlords desperate for refinance money
(DBN)

New Owner of Madoff’s Montauk House Paid $9.41 Million
(DBN)

Large Wash. planned community files for Chapter 11
(DBN)

Chapter 11 for Cascadia
(DBN)

Orphaned developments victim of market forces
(DBN)

Ackman says he is shorting Realty Income Corp.
(DBN)

Mortgage applicants face new checks on spending habits
(DBN)

Trustee: Most Mastro properties worth less than amounts borrowed
(DBN)

A new crisis: Lenders abandon properties
(DBN)

No Recession in Real Estate Litigation, South Florida Lawyers Find
(DBN)

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Education:

Harvard Bet on Interest-Rate Swaps Backfires, Costing School $500 Million
(DBN)

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Layoffs:

A Lifeline Not Made in the U.S.A.
(DBN)

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History:

The View From Inside a Depression
(DBN)

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Celebs:

William Jefferson gets bad news from bankruptcy trustee
(DBN)

Anna Nicole's last days: Drinking from baby bottle
(DBN)

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Finance:

CIT Group says it marshals support for debt plan
(DBN)

Oppenheimer's Heinberg on a CIT Group bankruptcy
(DBN)

CIT presses new plan to avoid bankruptcy
(DBN)

CIT amends restructuring plan with bondholders
(DBN)

VC Funding On Pace For First Sub-$20B Year Since 1998
(DBN)

Constrained lenders and wary borrowers explain falling levels of credit
(DBN)

______________

Movies:

Producer Fights to Release ‘Six Wives’
(DBN)

______________

Credit Cards:

Bank of America May Overhaul Cards After $4.7 Billion of Losses
(DBN)

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Sales:

Recession spurs corporate yard sale
(DBN)

______________

Newspapers:

STMG Holdings investors ID'd
(DBN)

______________

Aviation:

JAL task force to tap govt-backed rehab body
(DBN)

Japan Air Said to Resume Talks With Delta, American
(DBN)

______________

Telecoms:

Three states' lawmakers to meet about FairPoint
(DBN)

______________

Accounting:

In bad times, fraud pays — for accountants
(DBN)

Mavericks Need Not Apply at Ernst & Young
(DBN)

KPMG Shake-up Continues
(DBN)

______________

Religion:

Diocese balks at judge's order
(DBN)

Catholic Diocese of Wilmington files bankruptcy
(DBN)

Bankruptcy filing delays church sex abuse case
(DBN)

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Gambling:

Executive named examiner in Fontainebleau bankruptcy case
(DBN)

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Food/Drink:

Metromedia emerges from Ch. 11
(DBN)

______________

Oil/Gas:

Particle Drilling back in one piece
(DBN)

Stallion Oilfield files for Chapter 11
(DBN)

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Sovereigns:

Congress to Outlaw Indiana Pension Funds
(DBN)

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Consumer Credit:

Consumers Continue To Struggle, Issuers Cut Credit
(DBN)

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Ratings Agencies:

How Moody's Sold Out Investors
(DBN)

______________

Private Equity:

Private equity firms are trying to cash out of their investments. Uh-oh.
(DBN)

______________

Academia:

Empty Creditors and Debt Exchanges
(DBN)

______________

Lehman:

Barclays owed $3 bln in assets from Lehman-lawyer
(DBN)

Lehman execs aware of Barclays discount: court documents
(DBN)

Lehman Bankruptcy Fees Approach $200 Million
(DBN)

______________

Trucking:

Some YRC Worldwide union workers again reject concessions proposal
(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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Bankruptcy Prediction:

Report finds new wrinkle in U.S. bankruptcies
(DBN)

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Bankruptcy Statistics:

Bankruptcies in WA hit four-year high
(DBN)

Bankruptcy filings soar in Nevada
(DBN)

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Litigation:

So Long Chapter 11: Charter Defeats Lenders at Trial over $11 Billion in Debt
(DBN)

______________

Insurance:

Ninth Circuit Weighs In on Insured-versus-Insured Exclusion in Chapter 11
(DBN)

AIG, Greenberg in settlement talks
(DBN)

Asbestos claims for purchased companies covered: Court
(DBN)

Poor Credit? 35% Higher Insurance Costs
(DBN)

Obama: Insurance Co's Deceptive, Dishonest
(DBN)

______________

Bankruptcy Reform:

House Bankruptcy Hearing Scheduled
(DBN)

______________

Autos:

Detroit’s post-bankruptcy enthusiasm misplaced
(DBN)

Saturn out of orbit
(DBN)

Union confident in Chrysler future after meeting
(DBN)

Chrysler Finance-GMAC Dispute Traps Dealers
(DBN)

GMAC: Most Chrysler dealers to qualify for new loans
(DBN)

Chrysler Bank Sues Former Española Dealer
(DBN)

Ssangyong contacting potential buyers
(DBN)

EU warns on German aid in Opel deal
(DBN)

Germany says EU concerns don't endanger Opel deal
(DBN)

GM Ready to Keep Control of Opel, Make Deeper Cuts
(DBN)

Carlos Ghosn Bets The Car Company
(DBN)

Frank Stronach sought CAW bailout
(DBN)

______________

Avoidance Actions:

The Evolution of a Majority Rule: Two Circuits Rule Payments to Shareholders in Private LBOs Shielded From Avoidance by Settlement Payment Defense
(DBN)

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Compensation:

To the Horror of Wall Street, Czar Goes After Lewis’s Pay
(DBN)

Pay rules complicate GM CFO search
(DBN)

Freedom execs can get bonuses, severance, bankruptcy judge says
(DBN)

Banker Bonuses In A Time of Crisis
(DBN)

Hands off our pay
(DBN)

______________

Personal Finance:

For Financial Planners, a Year of Tough Questions
(DBN)

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Banking:

California bank becomes 99th in US to be closed in 2009
(DBN)

Bank of America Posts Third-Quarter Loss on Defaults
(DBN)

Bank of America Tells Congress Merrill Disclosures Were Proper
(DBN)

Calculating Merrill’s Losses — A ‘Wild A– Guess’
(DBN)

Bank of America: Profit by the Pen, Loss by the Pen
(DBN)

FDIC bank fund in the red until 2012
(DBN)

The Banks Are Not Alright
(DBN)

Citi Gets Left in the Dust
(DBN)

BofA’s Lewis Sheds No Tears in Final Conference Call
(DBN)

DSB boss said to have two takeover plans
(DBN)

DSB bankrupt after sale failure
(DBN)

DSB bankruptcy : 1,300 jobs lost today
(DBN)

______________

Resorts:

Another Caribbean Resort Goes Belly Up
(DBN)

COBRA problem solved, Premier Resorts says
(DBN)

______________

Hockey:

Glendale spent $2.1M on Coyotes campaign
(DBN)

We Win, You Win
(DBN)

_____________

Fashion:

Mariella Burani sees debt restructuring deal imminent
(DBN)

______________

Utilities:

Calpine Loan Holders 'Led to Slaughter' With Exchange, KDP Says
(DBN)

______________

Credit Reporting:

Credit quick fixes should raise warning flag
(DBN)

______________

Municipalities:

Orange County Dodged Calpers Bullet
(DBN)

Armageddon in Alabama Proves Parable for Local US Governments
(DBN)

Judge recuses herself from Arthur Blackwell embezzlement case
(DBN)

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Video Games:

The death of a studio
(DBN)

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UK:

The party's over for Fergie
(DBN)

U.K. Perspective Recognition of Overseas Insolvency Procedures: Spoiled for Choice?
(DBN)

Car Wash-Valuation in the Context of a U.K. Scheme of Arrangement
(DBN)

Borrowers with Pension Schemes: Risks and Issues for Lenders in the United Kingdom
(DBN)

Pre-packs face scrutiny and calls for more transparency
(DBN)

______________

EU:

European Restructuring Deals Could Double
(DBN)

______________

Canada:

Teamsters Union supports demands of Nortel Retirees' Protection Committee
(DBN)

Pocklington fraud case may get resolved soon
(DBN)

Secret complaint could bankrupt Manitoba Hydro
(DBN)

The Insanity of the New Bankruptcy Canada Rules
(DBN)

______________

Germany:

Germany Confident of Opel Deal
(DBN)

______________

Japan:

Bank of Japan minutes show stimulus concerns
(DBN)

______________

Australia:

Vultures go hungry as banks extend loans
(DBN)

Asset protection after Richstar
(DBN)

______________

Iceland:

As world climbs out of recession, Iceland's economy remains in deep freeze
(DBN)

Emerging steps do little for Icelandic confidence
(DBN)

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