October 21, 2009

The Daily Bankruptcy News

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Law:

Insider-Trading Case a Wake-Up Call, Say Defense Lawyers
(DBN)

BigLaw Firm Struggling With Downsizing and Pay Cuts Revamps Pro Bono Program
(DBN)

Fees Draw U.S. Trustee's Ire In Hawaiian Telcom
(DBN)

Lehman Fees
(DBN)

Squire Sanders Moving from Lockstep
(DBN)

Sheppard Mullin's NY Associates Share the Salary Pain
(DBN)

Talk Tough From In-House on Meeting the Bottom Line
(DBN)

Small Law Firm Open Thread: Bankruptcy
(DBN)

NY Firm Escapes Arbitration, Can Take Defense of Claims It Breached Pact to Court
(DBN)

Baker Hostetler Expands New York Office
(DBN)

Are Folger Levin and Crowell & Moring Talking Merger?
(DBN)

McAfee Says Former GC Has No Right to Sue, Despite His Exoneration
(DBN)

New Book Highlights S&C Partner's Central Role in Federal Bailout
(DBN)

Small Firm's Model Frees It to Take Complex but Unprofitable Cases
(DBN)

Lawyer Avoids Jail (Sorta)for Running NYC Bordello
(DBN)

Massive Service Frauds Alleged in NY
(DBN)

2nd Cir. Bans Lawyer for 'Indifference' to Client Rights & Professional Obligations
(DBN)

A female law student’s ‘compelling brief’ in support of sex
(DBN)

Insurers Found Not Obligated to Cover Law Firm Over Client's Fraudulent Activities
(DBN)

Do You Date Only Ivy?
(DBN)

Top 10 Celebrity Lawyers
(DBN)

Who Needs Cameras? Judges Allow Twitter in the Courtroom
(DBN)

Document Review: When 'As Fast as I Can' Doesn't Cut It
(DBN)

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Judges:

Will Galleon Case Become SEC v. Rakoff Part II?
(DBN)

Justice Kennedy Says Court Should Hear About 20 More Cases a Year
(DBN)

Sotomayor’s Gift of Gab Grabs Headlines Again
(DBN)

NY Judge Ousted From Bench Over Loan, But Brother Allowed to Retire
(DBN)

Chief Judge's Lawyer Hubby Goes on Trial for Flap With Cops Over Their Kid and His Buddies Drinking
(DBN)

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Wall Street:

US Stock Futures Point Lower Again
(DBN)

US Stocks Retreat as Housing Starts Data Overshadow Earnings
(DBN)

BlackRock's Quarterly Profits Climb 28%
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Massive layoffs expected for Pennsylvania state workers
(DBN)

Pfizer to lay off 19,000 workers
(DBN)

Mass. Puts a Number on Its State Layoffs: 726
(DBN)

Sun Microsystems to Lay Off 3,000
(DBN)

Bleak Prospects For Holiday Jobs
(DBN)

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Aviation:

Airline’s Sham Divorce Case Over Pilot Pension Payments Doesn’t Fly
(DBN)

Continental loses $18 million in third quarter
(DBN)

UAL Loss Is Smaller Than Estimates on Decline in Fuel
(DBN)

Japan Air May Need to Find Outside CEO as 'Signal of Urgency'
(DBN)

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Gambling:

MGM Mirage takes huge charge; Tracinda may want out
(DBN)

Kerkorian exploring options for MGM stake
(DBN)

Council votes down Greektown deal
(DBN)

Las Vegas: Beyond the Bottom!
(DBN)

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Finance:

CIT and Icahn: Collateral Damage
(DBN)

Hedge Fund Logi Energy Makes Offer In Excess Of $1 Bln For CIT Assets
(DBN)

CIT Group Gets Offer From Mystery Investor
(DBN)

Banks Demanding More Personal Guarantees on Small Biz Loans
(DBN)

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Software:

SCO Dumps McBride, Lays Off Staff
(DBN)

Fired SCO CEO Fires Back
(DBN)

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Oil/Gas:

Wilmington Trust Clarifies Role in Stallion Oilfield Services Ltd. Bankruptcy Case
(DBN)

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Accounting:

Overland Storage Probably Fired PwC Out of Spite
(DBN)

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Trustees:

Millionaire murder suspect blames bankruptcy trustee for shooting
(DBN)

Documents Released In Isleworth Killing
(DBN)

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Telecoms:

HawTel paying $2500 an hour to consultants
(DBN)

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Economy:

Producer Prices Fall, Indicating Sluggish Wholesale Demand
(DBN)

Housing starts miss expectations
(DBN)

Hank Paulson Held A Secret Meeting With Goldman Sachs In Moscow
(DBN)

Two easy-money pieces
(DBN)

Bailout's hidden costs
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

US new housing figures disappoint
(DBN)

Fewer home-building permits signal weakness ahead
(DBN)

Finances of Tax Credit Extension Are Questioned
(DBN)

Homeowner Hero's War on Banks
(DBN)

Obama admin. noncommital on housing tax credit
(DBN)

Countrywide Mortgages Lead California in Defaults
(DBN)

Default Notices Drop by 10 Percent in California
(DBN)

The Countrywide Vote
(DBN)

Nearly 250 Dallas-Fort Worth commercial properties facing foreclosure next month
(DBN)

FHA Backs More Than Half of Loans for New Homes
(DBN)

FHA Flunks Audit on Quality Control
(DBN)

New Statler Owners Back in Bankruptcy Court
(DBN)

St. Charles Based Home Builder Files For Bankruptcy
(DBN)

Group connected to AHF files for bankruptcy
(DBN)

Avoidable Foreclosures Continue Despite Servicers' 'Loan Modifications'
(DBN)

Hickory Chase developer files for Chapter 11
(DBN)

Two Boymelgreen firms threatened with bankruptcy
(DBN)

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Banking:

BNY Mellon posts 3Q loss on hefty charge
(DBN)

FDIC: Limited Extension of Bank Debt Guarantees
(DBN)

FDIC chief: Small banks can't compete with bailed-out giants
(DBN)

Are Bigger Banks Better?
(DBN)

California Sues State Street Bank - The Complaint
(DBN)

Calif. AG Brown Asks: “Are You Pimping” for State Street?
(DBN)

Documents raise skepticism on Hill about Bank of America
(DBN)

Merrill Lynch's Castillo Quits; No Replacement Named
(DBN)

Let's Stop Vilifying the Bankers
(DBN)

Bailiffs carry off DSB art collection
(DBN)

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Autos:

The auto bailout: How we did it
(DBN)

Ex-auto czar Steven Rattner may write a book
(DBN)

Former car czar: GM, Chrysler were on brink of death
(DBN)

Pain Ahead For GM And Toyota
(DBN)

Fake Watches Pulled From Hecker Auction
(DBN)

Geely, Ford Volvo Talks Said to Falter on Safeguards
(DBN)

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Student Debt:

Bankruptcy: New Haven For Student Borrowers? - High court decision could have big effect on college loan industry
(DBN)

College Tuition: Going for Broke
(DBN)

College Costs Are Rising, Report Says
(DBN)

Bill aims to stop student loan forgiveness being taxed as income
(DBN)

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Hotels:

Hotel Foreclosure Watch: Miami's Swank Shore Club Goes Delinquent
(DBN)

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Lehman:

I'll Fly Away: Lehman Bros. Sells Off Its Last Gulfstream Jet
(DBN)

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Compensation:

Credit Suisse Alters Pay Plan for Top Executives
(DBN)

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Tax:

IRS Warned Again of Homebuyer Credit Fraud
(DBN)

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Theme Parks:

No reprieve for Kiddieland, rides to be auctioned
(DBN)

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Hedge Funds:

How Dirty Are Hedge Funds?
(DBN)

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Horse Racing:

Maryland Racing Commission voices concern over Magna bankruptcy auction
(DBN)

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Newspapers:

Creditors Get Higher Bid for Bankrupt Philadelphia Papers
(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:

Woman who lost son fights for bankruptcy changes
(DBN)

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Insurance:

Will the Hard Insurance Market Arrive Late?
(DBN)

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Retailing:

Signs building that holiday retailing will be brighter
(DBN)

Banks move to foreclose on Block 37
(DBN)

Retailers may have a 'cutthroat Christmas'
(DBN)

Hilco's Cory Lipoff on the retail reorg challenge
(DBN)

Cupertino mall being liquidated after the lender forecloses on it
(DBN)

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Corporate Reform:

Schumer jumps into dark pool debate ahead of SEC meet
(DBN)

Hedge-trimming
(DBN)

New Sheriff in Town
(DBN)

Financial Autopsies
(DBN)

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Health Care:

Elizabeth Edwards Says Medical Debt Deserves Bankruptcy Protections
(DBN)

Whitehouse's panel hears from Coventry couple on bankruptcy
(DBN)

Franken backs measure that would help those battling high medical debt
(DBN)

Forum Health can keep using its cash
(DBN)

Will Erickson changes wipe out resident refunds?
(DBN)

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Enron:

Ex-Enron Executive Free of Charges After Ruling
(DBN)

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Fraud:

Insider Trading Arrests Open a Window on Hedge Fund Culture
(DBN)

Defense Lawyers: Insider-Trading Charges Should Worry Companies, Hedge Funds
(DBN)

Investors scramble to pull $1bn from fund after chief's arrest
(DBN)

Hedge Fund Billionaire Claims Innocence With Inside Trading Ring
(DBN)

Rakoff Gets Galleon Case And Will Bharara Become the Great Preetinder?
(DBN)

McKinsey Star Snared In Galleon Scandal
(WSJ: separate paid subscription required)

Huron, others could get caught in Galleon Group problems
(DBN)

Which Hedge Fund Is Gearing Up To Strip Search Employees In Wake Of Galleon?
(DBN)

Firm At Center Of Galleon Insider Trading Scandal Has Ties To Goldman Sachs
(DBN)

Insider Trading: What's Fair and What's Foul?
(DBN)

Fatal Character Flaws Bring Down Wall Street Titans
(DBN)

Unraveling Rajaratnam
(DBN)

Showdown in St. Paul: The Petters Trial Nears the Starting Gate
(DBN)

Tony Kushner: 'Bernie Madoff's a Murderer'
(DBN)

Jailed Ponzi King Madoff shares cell with drug peddler, socializes with ex-crime boss
(DBN)

Mets Entity May Be Sued for $48 Million Profit From Madoff Firm
(DBN)

Solomon Dwek, key witness in FBI's N.J. corruption probe, admits role in real estate scam
(DBN)

Dwek pleads guilty to $50 million bank fraud
(DBN)

Bernard Madoff swaps 'coke-fuelled' high life for prison pizza
(DBN)

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Religion:

Hearing scheduled in Del. diocese bankruptcy
(DBN)

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UK:

British Regulator Proposes Tighter Rules for Mortgages
(DBN)

Outrage over Clintons 13.5m profit after administration
(DBN)

John Barnes insists bankruptcy claim is due to a 'tax oversight'
(DBN)

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Canada:

Do Set-Off Rights Create Security Interests?
(DBN)

Canada Provinces Accused of Misusing JTI Bankruptcy
(DBN)

New consultants say Hydro's risk strategy 'adequate'
(DBN)

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Germany:

Thousands of jobs to go at German mail-order unit Quelle
(DBN)

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Sri Lanka:

Sri Lanka shares continue falling
(DBN)

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Asia:

Asia Said to Be Leading the Globe Out of Crisis
(DBN)

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