October 22, 2009

The Daily Bankruptcy News

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Law:

Judge: Some Lawyers Aren't Smart Enough For Chapter 11
(DBN)

Documents in BofA Probe Apparently Show CEO Misled Feds
(DBN)

Sinking Galleon Group Latches On to Gibson Dunn
(DBN)

Bank of America Stays Loyal to Wachtell
(DBN)

On the Tragic Story of Kilpatrick Stockton's Mark Levy
(DBN)

Squire Sanders Indefinitely Defers Half Its Incoming Associates, Plans More Layoffs
(DBN)

Lawyer’s Lament: Pressure to Review 80 Docs an Hour, for $23 an Hour
(DBN)

Paying Too Much for Outside Lawyers? There's Nobody to Blame but Yourself
(DBN)

JPMorgan finalizes panel with rates frozen at 2008 levels
(DBN)

Foley & Lardner: Layoffs Complete, But Still No Room for First Years
(DBN)

Crowell Chairman Stays Mum on Merger Buzz
(DBN)

Clifford Chance to update partner appraisals to increase focus on pipeline work
(DBN)

Major UK firms cut back profit payouts amid tough markets
(DBN)

Why is there is an absence of debate about exactly what it is that makes law firms successful?
(DBN)

Slaughters hesitates over annual firmwide bonus payout
(DBN)

S&C Promotes Five Associates--Including Four Women--to Partner
(DBN)

Salary Cut Watch: Williams Mullen
(DBN)

Deferred Associates Stay Busy Before Starting at Their Firms
(DBN)

Judge Follows 2nd Circuit in Fee Award but Expresses Dissatisfaction With 'Geographic Lodestar' Model
(DBN)

Do Law Firm Associates Fear Rainmaking?
(DBN)

The New Untouchables: Lawyers Who Can Imagine a Better Way
(DBN)

The Snark: Deaf, Dumb and Lawyer
(DBN)

The Rodent: Trouble Is My Business (and Business Is Aggravating)
(DBN)

Ex-Toyota Lawyer Holds Tight to Whistleblower Suit
(DBN)

King of Torts Joe Jamail Featured on Slate’s ‘80 Over 80’ List
(DBN)

BigLaw Firm Is On Its Own in Big Malpractice Mess as Insurers Get OK to Walk Away
(DBN)

What Makes NY Associates Special? Nothing, Says One BigLaw Big Shot
(DBN)

Former Adelphia Executives Win Chance to Quash Conspiracy Case
(DBN)

In-House Counsel Defrauded Bank of $12M, Court Finds
(DBN)

Gossip Getting Around About Possible BigLaw Hookup
(DBN)

Richard Hatch, Flavor Flav, Paris Hilton, Meet Joseph Tacopina, Esq.
(DBN)

"The truth about ------ ceased being private during the swimsuit competition"
(DBN)

Does This Count as Legal Experience?
(DBN)

Blackwater lawyers seek protection
(DBN)

Dole on a Roll: Court Declines to Enforce $97M Judgment
(DBN)

Judge Rules Against Fulbright Lawyer Seeking Part of Friend’s Estate
(DBN)

In-Houser Convicted of Multi-Million Dollar Fraud to Pay for Shopping Trips, New B--bs
(DBN)

Name Partner and His Lawyer Wife Donate Millions Again, This Time to Her Law School
(DBN)

New York Law Firm Is Star of New Reality Show
(DBN)

Nashville cops auction gold seized from suspect's mouth
(DBN)

Why lawyers shouldn't marry each other
(DBN)

______________

Judges:

Oral Testimony May Be Obsolete in 15 Years, Top Judge Warns
(DBN)

In Bizarre Case, Weepy Ex-Judge and Rich 83-Year-Old Neighbor's Kin Trade Allegations of Abuse
(DBN)

Judge From Anna Nicole Smith Case Caught Up in Elder Abuse Claims
(DBN)

______________

Wall Street:

US Stock-Index Futures Decline
(DBN)

Stocks Fall Around World on China
(DBN)

US Stocks Erase Gains in Final Hour as Bove Cuts Wells Fargo
(DBN)

Imperialism: Goldman Sachs Style
(DBN)

Goldman Exec: Inequality Path to Prosperity
(DBN)

How Wall Street Will Kill the Recovery
(DBN)

Goldman Sachs Speaks Orwellian
(DBN)

Goldman should be allowed to fail
(DBN)

Morgan Stanley turns first profit in a year
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Lawmakers Weigh Job Measures
(DBN)

Bet on It: Las Vegas Unemployment? 13.9%
(DBN)

Weak Job Market: College Grads Back at Home
(DBN)

Michigan tops US state jobless rates again in Sept
(DBN)

MI jobless picture brightens a little
(DBN)

Washington area joblessness worsens in September
(DBN)

23 states report higher unemployment in September
(DBN)

Unemployment in Nevada, Florida Increases to Record
(DBN)

Hundreds line up to flip burgers for $10 an hour
(DBN)

Unemployment Benefit Extension Stalls in US Senate
(DBN)

Interactive map shows geography of U.S. jobs
(DBN)

______________

Autos:

Ex-Car Czar: Chrysler, GM Were Run by Idiots
(DBN)

Steven Rattner: Why we had to get rid of GM's CEO
(DBN)

US stake in GM worth $25 billion, ex-auto aide says
(DBN)

GM, Chrysler Recovery Not Assured, Rattner Says
(DBN)

Rattner expands criticism of GM
(DBN)

What Will Become of Detroit? Don’t Ask Steve Rattner
(DBN)

Auto Czar Rattner on “Nattily Clad” Bankers and the GM, Chrysler Rescues
(DBN)

Inside the Chrysler, GM rescues
(DBN)

Which Came First: Government Ownership or Catastrophic Losses?
(DBN)

Judge: Hecker can't use grand jury investigation as excuse to delay
(DBN)

EIB loan opens the door to Saab sale
(DBN)

Hyundai Motor profit surges amid sales jump
(DBN)

______________

Hotels:

Future of SoBe Hotel Not Such a Shore Thing
(DBN)

Hotels: Don't Buy Them Now, But Start Looking
(DBN)

______________

Politics:

Bad economy doesn't slow down lobbying spending for some
(DBN)

______________

Building Materials:

Creditors Back Restructuring, Nortek Claims
(DBN)

______________

Newspapers:

Locals raise bid for Philadelphia papers to $87M
(DBN)

Star Tribune posts $18.3 million net loss in bankruptcy
(DBN)

______________

Pensions:

PBGC takes over Powermate DB plan
(DBN)

______________

 

Economy:

Fed Beige Book Says Economy Making 'Modest' Gains
(DBN)

Boston Fed reports broad economic decline
(DBN)

Jobless Numbers Hit New Highs Around U.S.
(DBN)

Fed's Rosengren: How to Fight the Great (Financial) Fires of Our Time
(DBN)

Watchdog: Bailout Helped, but at Great Cost
(DBN)

Public distrust is biggest cost of TARP, Barofsky says
(DBN)

TARP 'Unlikely' to Yield Taxpayer Returns, Audit Says
(DBN)

Geithner: Core TARP Programs Ending
(DBN)

Zeroing in on the Dollar's Decline
(DBN)

Dollar Rebounds as China Economic Data Curbs Growth Optimism, Stocks Fall
(DBN)

More Americans in Poverty Than US Numbers
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Wells, U.S. Bancorp get big boost from mortgages
(DBN)

Digging Yourself Out of a Mortgage Mess
(DBN)

Servicers Prefer Foreclosure
(DBN)

What's next if Obama's loan mod plan fails?
(DBN)

Feared flood of foreclosures in California may be averted
(DBN)

2.7 Million Homes In The Foreclosure Pipeline Could Overwhelm Market
(DBN)

Real-Estate Slump Hits Howard Hughes's Heirs
(DBN)

Vornado's 'hoarding' its cash
(DBN)

CMBS Loan Losses Expected To Rise Dramatically
(DBN)

Examiner: DBSI officials engaged in an 'elaborate shell game'
(DBN)

Lend America Faces Federal Probe for Allegedly Brokering Fraudulent FHA Loans
(DBN)

Feds Help Feed New Market For Easy Mortgages
(DBN)

Has Morgan Stanley Shaken Its Real-Estate Albatross?
(DBN)

Morgan Stanley Takes Another Hit on Crescent Investment
(DBN)

Houston commercial foreclosures mount
(DBN)

The Story Of 21 Year Old With The Underwater FHA Loan Is Even Worse Than You Think
(DBN)

_____________

Admin Claims:

Substantial Contribution Claims Require Intent to Benefit Estate
(DBN)

______________

Health Care:

Franken Schools Right-Wing Analyst On Medical Bankruptcies In Countries With Universal Care: ‘It’s Zero’
(DBN)

Witnesses have zero luck slipping fishy math past Franken
(DBN)

Questions Linger as Erickson Enters Bankruptcy
(DBN)

Reassuring Retirees
(DBN)

Forum Health Confirms More Layoffs Coming
(DBN)

Congress Won't Rein in Health Care Costs
(DBN)

______________

Oil/Gas:

OPEC Chief Blames Speculators for Oil Price
(DBN)

Conditions in Place for Oil to Cross $100
(DBN)

______________

Ratings Agencies:

Loopholes in Bills to Regulate Ratings Agencies
(DBN)

______________

Fraud:

How Strong Is The Evidence in the Galleon Insider-Trading Case?
(DBN)

Scandal Plays Out Among New Elite
(WSJ: separate paid subscription required)

UBP liquidates fund after FBI arrest
(DBN)

Galleon to Liquidate Funds; Said Approached on Assets
(DBN)

Rookie Traders Trying To Short Galleon Portfolio Might Need Lesson In Professional Trading
(DBN)

History's Top Ten Insider Trading Cases
(DBN)

Banks, Drug Claims Added to Madoff Investor Lawsuit
(DBN)

Did the Mets Really Make Money Off Madoff?
(DBN)

Suit Alleges Madoff Culture of Drugs and 'Sexual Deviance'
(DBN)

KPMG pulled into Madoff lawsuit
(DBN)

Madoff: A Snapshot of Life in Prison
(DBN)

Stanford team adds Mac Secrest, lawyer for Ken Lay
(DBN)

______________

Directories:

RH Donnelley gets OK for bankruptcy plan vote
(DBN)

______________

Lehman:

Looking Back at Lehman
(DBN)

Simmons advises hedge fund RAB on Lehman bankruptcy dispute
(DBN)

Lehman's Mortgage Business Is Back From The Dead
(DBN)

Hank Paulson Gave Goldman Sachs An Inside Look At Lehman As It Died
(DBN)

______________

Gambling:

CityCenter worth about half of building cost
(DBN)

Penn National Gaming says it wants Fountainebleau if the price is right
(DBN)

Kerkorian 'Shakes Trees' for Investors, MGM Chief Murren Says
(DBN)

Bing Asks Council To Revisit Greektown
(DBN)

Greektown Casino deal in limbo after City Council's no vote
(DBN)

______________

Turnarounds:

When to shut down your company
(DBN)

______________

Musical Instruments:

Poor US Economy Has Guitar Makers Singing the Blues
(DBN)

______________

Celebs:

Carlton Fields Sues Ludacris for $61K
(DBN)

______________

Food/Drink:

New York City Sues Tavern on the Green Operators, Saying Name Isn't Theirs
(DBN)

Strictly Kosher?
(DBN)

Kersey dairy files for Chapter 11
(DBN)

______________

Credit Cards:

Bernanke Airs Concern on Speeding Up Credit-Card Law
(DBN)

Citi Jacks Credit Card Rates To 29.99% On Unsuspecting Customers
(DBN)

______________

Telecoms:

Ericsson misses forecasts as sales fall
(DBN)

______________

Distressed Investing:

Vulture Investing: Best Before or After The Bankruptcy?
(DBN)

______________

Municipalities:

California may be too big not to fail
(DBN)

Munis in Worst Month Since '08
(DBN)

_____________

Aviation:

AMR, Continental Fall on Losses, Weak Travel Outlook
(DBN)

Boeing Posts Wider Loss
(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)

______________

Bankruptcy Reform:

Change bankruptcy laws to help address medical financial stress
(DBN)

______________

Compensation:

Administration Said to Order Deep Cuts in Pay at Bailed-Out Companies
(DBN)

Feinberg to Order 50% Cuts in Compensation for Bailed-Out Firms
(DBN)

ABI Poll Casts Doubt on Bonus Reforms
(DBN)

Stagehand At Carnegie Hall Makes $500k/Year
(DBN)

Many US Companies Cutting Bonuses
(DBN)

At Rescued Banks, Perks Keep Rolling
(DBN)

______________

Mass Torts:

B & B: radiology reports stay secret
(DBN)

______________

Banking:

Official: Don't expect 'all money back' from banks
(DBN)

Bogus Statistics: The Banking Industry's Go-To Lobbying Tool
(DBN)

Charlotte: Bust Brings New Humility
(DBN)

BoA makes a deal to sell yet another asset in a bid to raise capital
(DBN)

Top Obama Officials Knew of Bank of America Deal
(DBN)

Fed's Tarullo says breaking up big banks too hard
(DBN)

Volcker Fails to Sell a Bank Strategy
(DBN)

Big Banks Take Your Money, Then Run
(DBN)

Class Action Lawsuits Filed Against Bank of America, Wachovia, U.S. Bank, JPMorgan Chase and Citibank Over Overdraft Fee Policies
(DBN)

Morgan, Wells Earnings Reveal How Conflicted Analyst Opinions Are over Banking Sector
(DBN)

Wells Fargo Cut to 'Sell' by Rochdale's Bove on Mortgage Fees
(DBN)

DSB Bankruptcy Leaves US Speedskating With $300,000 Deficit
(DBN)

Compromise Bill Could Block States on Bank Rules
(DBN)

Deutsche Bank Expects to Post $2 Billion Profit
(DBN)

Credit Suisse swings to $2.3 billion profit
(DBN)

______________

Finance:

Obama to Offer Banks Aid for Small Businesses Loans
(DBN)

Icahn's CIT Proposal Still Lacks Details
(DBN)

The 'obscure' peak oil hedge fund and the ailing lender
(DBN)

______________

Religion:

Church property in dispute during diocese bankruptcy proceeding
(DBN)

Abuse claimants target parish assets
(DBN)

Judge Approves First Motions In Diocese Bankruptcy
(DBN)

Wilmington Diocese is covering up its cover-up
(DBN)

______________

Accounting:

Living with a Scarlet Audit Letter
(DBN)

PwC: Sour Economy Sparks Divestitures
(DBN)

Ernst & Young Pranks Involve Heavy Lifting, Possibly Spending $200-$300
(DBN)

Frauds put forensic accountants in the spotlight
(DBN)

KPMG UK defends Madoff audit
(DBN)

______________

Retailing:

With IP sales, retailer names fade but never die
(DBN)

Walmart Sees 'Tough' Holiday Season With Late Buying
(DBN)

Deserted shopping mall bleak symbol of Fed bailout
(DBN)

______________

Corporate Reform:

The SEC's Tough New Offensive on Insider Trading
(DBN)

Investment Vehicles of the Ultrarich Draw Scrutiny
(DBN)

Tug of war over financial reforms
(DBN)

New tool for regulators: Wiretaps
(DBN)

Jenkins: When Bad Luck Is a Crime
(DBN)

Adelphia's Rigases Win Appeal on Conspiracy Charge
(DBN)

_____________

Enron:

Cleared Enron defendant warns of prosecutors' power
(DBN)

______________

Elder Debt:

Elderly more likely to face debt management problems
(DBN)

______________

UK:

Auditors warned as insolvencies rise
(DBN)

The lessons of the banks' failure are yet to be learnt
(DBN)

UK Retail Sales Unexpectedly Stagnate for a Second Month
(DBN)

British Bank Regulator Slaps Industry
(DBN)

Kaupthing Loses Ruling in U.K.
(DBN)

SFO Criminal Probe Into 'Missing' Financier
(DBN)

Gala Coral investors agree debt restructure
(DBN)

______________

EU:

Europe's central bankers go from death to dancing
(DBN)

______________

Canada:

Developers willing to dive into distress
(DBN)

Nortel pensioners protest bankruptcy laws in Ottawa
(DBN)

Canadian Nortel creditors may regret polite approach
(DBN)

Tobacco Companies May Face C$200 Billion in Canadian Claims
(DBN)

Special audit to examine Hydro's risk management
(DBN)

______________

China:

Factory Slump Puts China Near Recession
(DBN)

China economic growth accelerates
(DBN)

______________

Germany:

Quelle's Bankruptcy 'No Surprise'
(DBN)

______________

Russia:

Medvedev, oligarch lock horns over corruption
(DBN)

Russia drops $22.5 billion suit vs BONY
(DBN)

______________

Japan:

The Return of Japan's Zombie Finance
(DBN)

______________

 

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