October 28, 2009
The Daily Bankruptcy News
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Law:
Lehman, GM and WaMu Bankruptcies Allow Weil To Grow
(DBN)
Weil Helps Foxwoods Get Temporary Debt Relief
(DBN)
Heller Bankruptcy Attorneys Learn It's Not Fun When The Judge Is Your Proofreader
(DBN)
Reed Smith the Latest to Drop Associate Lockstep
(DBN)
Rajaratnam Taps Akin Gump's Dowd; Gibson Dunn Stays Classy
(DBN)
Galleon Group Case a Boon for Law Firms
(DBN)
Defendants in AIG Scam Lawyer Up for Appeal
(DBN)
Freshfields heads up firms on ING restructuring and 7.5bn rights issue
(DBN)
Law-firm partners see clients paying up as positive economic sign
(DBN)
Wal-Mart to Require Outside Law Firms to Have Flextime Policies
(DBN)
Women at the Rain Dance
(DBN)
Ex-Dorsey Partner Kills Himself on Eve of Insider Trading Deal
(DBN)
Dead in Reported Suicide, Attorney Faced SEC Complaint Over Leak of Law Firm Data
(DBN)
McKool Smith's Hugh Ray III Featured as Panelist During National Conference of Bankruptcy Judges
(DBN)
Deferred Associates "Hit the Ground Running" at Non-Profits, DA's Offices
(DBN)
Bankruptcy Court Approves $31 Million More in Chrysler Legal Fees
(DBN)
Blame U.S. News Rankings For Higher Law School Tuition
(DBN)
New Villain in Law School Debt Tragedy
(DBN)
With New Leader Based in NYC, BigLaw Firm Renews Deal on Manhattan Digs
(DBN)
Chicago Prosecutors Playing Hardball With Northwestern Students
(DBN)
Once High-Rolling Vegas Law Firms Now Watch Their Wallets
(DBN)
Is Ex-Shearman Associate Breaking into an Obama Boys Club?
(DBN)
Adventures in Lawyer Advertising: Snyderman
(DBN)
Price to PepsiCo for Not Being in Court: $1.26 Billion
(DBN)
Texas Jury Orders $65 Million Dividend in 'Oppressed Shareholder' Case
(DBN)
Already-Married Lawyer Tricks Woman Into Marriage
(DBN)
Lawsuit of the Day: I Scream, You Scream, We All Scream For Ice Cream
(DBN)
Ex-Client on Trial over Alleged Hit on Lawyer; Paralegal Testifies
(DBN)
Taj Lives! (And He’s Pissed)
(DBN)
Man who threw feces in courtroom gets 31 years
(DBN)
Mug Shots Of The Week
(DBN)
Say What?!
(DBN)
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Judges:
Justice Scalia Is More of a Plessy Guy
(DBN)
Judge Kozinski Exonerated, Complaint Dismissed
(DBN)
Jurors Dispute Ex-Judge’s Acquittal in Paddling Case
(DBN)
The Eyes of the Law: Chief Justice Roberts
(DBN)
Waiter, There's a Gavel in My Soup
(DBN)
Texas judge to handle Scruggs case
(DBN)
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Wall Street:
US Stock-Index Futures Decline on Earnings Recovery Concern
(DBN)
World Markets Fall After Weak US Consumer Report
(DBN)
Stocks Mostly Fall on Mixed Data
(DBN)
Goldman Issues Massive Rebuttal To Claims Of Market Manipulation
(DBN)
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Layoffs:
National and State by State Unemployment Rates
(DBN)
Map: Is Your State's Unemployment in Danger?
(DBN)
Ariz. Official Warns of 'Massive' Teacher Layoffs
(DBN)
Experts expect fierce competition for holiday jobs
(DBN)
Western Pennsylvania jobs hit 23-year bottom
(DBN)
Temp Jobs May Be at Turning Point, Signaling U.S. Payroll Gains
(DBN)
Japan Airlines Corp. will dramatically reduce its workforce with the layoffs of 13,000 workers
(DBN)
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Autos:
Union Votes Go Against Cuts at Ford
(DBN)
Chrysler chief to detail company's turnaround plan
(DBN)
Chrysler's Secrecy Making Dealers Nervous
(DBN)
Electric-Car Companies Grab US Cash to Blunt Risks
(DBN)
Daimler 3Q net falls 74 percent
(DBN)
Burton wants hearing on Delphi pensions
(DBN)
More Chrysler Dealers Could Close Over Financing Dispute
(DBN)
With Friends Like These ...
(DBN)
VW Said to Discuss Buying Insolvent Carmaker Karmann
(DBN)
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Trucks:
Paccar posts 96% plunge in profit
(DBN)
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Magazines:
Bankruptcy judge approves Questex bidding plan
(DBN)
Here Come the Forbes Layoffs
(DBN)
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Golf:
Seven Falls files for bankruptcy
(DBN)
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Chemicals:
Tronox assets undervalued in Huntsman bid - shareholder group
(DBN)
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Religion:
Widow of abuse victim seeks to reopen suit against diocese
(DBN)
Northern Alaska bishop amends bankruptcy plan
(DBN)
Lawyers want to lift bankruptcy stay against Diocese of Wilmington
(DBN)
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Student Debt:
The Subprime Student Loan Racket
(DBN)
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Turnarounds:
Focus Management Group opens Dallas office
(DBN)
Miller Buckfire Hires Industrial Specialist
(DBN)
Looking Up in a Down Economy
(DBN)
Multiple Strategies Used in IT Company Turnaround
(DBN)
Cash Management in Distressed Organizations
(DBN)
The Role of Junior Debt in Middle-Market Restructurings
(DBN)
To Improve Cash Flow, Stall Payments to Vendors
(DBN)
This Bright-Eyed New Owner Needs to Clean House
(DBN)
The Boss Needs to Hustle to Increase Sales
(DBN)
Rebooting a Struggling Family Business
(DBN)
To Survive, Cut Overhead and Sell Property
(DBN)
To Beat Failure, Be the Boss Again
(DBN)
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Credit Cards:
Citibank shows why credit card holders need protection
(DBN)
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Ratings Agencies:
AAA rating loses luster as agencies lose face
(DBN)
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Debt Collection:
More Than 500 Agencies, Creditors Sued In Early October
(DBN)
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Trucking:
A Trucker's View of the Economy
(DBN)
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Hedge Funds:
K1 Hedge Fund Snared in Probe as Barclays, JPMorgan Face Losses
(DBN)
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Economy:
Consumers: Current economy at 26-year low
(DBN)
New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers
(DBN)
For Geithner, the Wrinkles Aren't Just in Finance
(DBN)
Geithner: Good Case for Extending Stimulus
(DBN)
OECD’s Gurria Says It’s ‘Too Early’ to End Stimulus Programs
(DBN)
Obama's "too big to fail" bill curbs bailouts
(DBN)
CEO study: Economy to stay flat, worse
(DBN)
Recovery is fragile with job losses mounting
(DBN)
Fund Manager Pellegrini Says Shorting US Debt 'Attractive Bet'
(DBN)
Politics Freeze Small Businesses
(DBN)
Economic Stress Index
(DBN)
Economy Tracker Map
(DBN)
US Debt Clock
(DBN)
Recovery Index
(DBN)
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Real Estate:
Home prices rise in most major cities in August
(DBN)
US home price gains may not be sustainable-Shiller
(DBN)
Fears of a New Chill in Home Sales
(DBN)
Are Home Prices Still Too High?
(DBN)
Map: U.S. home sales and prices
(DBN)
High Foreclosures Spread into New Areas
(DBN)
Commercial Mortgage Delinquency Rate Climbs
(DBN)
The Amazing Round Trip Of House Prices Back Toward Pre-Bubble Levels
(DBN)
Moody's Report Reaffims CRE's Woes
(DBN)
Capmark Increased Office, Hotel Loans as Zell Called Market Top
(DBN)
Judge delays deadline in Capmark servicing sale
(DBN)
Capmark's bankruptcy provides a template for the future
(DBN)
How Goldman Sachs, KKR wrecked Capmark: report
(DBN)
More analysis on the Capmark bankruptcy
(DBN)
Capmark's CMBS Servicer Ratings 'Evolve' with Bankruptcy : Fitch
(DBN)
Bargains Abound in Midtown Manhattan Sublease Market
(DBN)
Commercial Real Estate Implosion: 67 Percent Fall in Multifamily Starts
(DBN)
Asset Manager Warns of Likely Loss on Stuy Town Loan
(DBN)
Analyst: Fears of commercial real estate collapse unfounded
(DBN)
Bankruptcy Court Wipes Out Mortgage Debt When Servicer Fails to Document Claim
(DBN)
US judge appoints trustee to run Thornburg Mortgage
(DBN)
Taylor Bean seeks court okay for deal with Ranieri fund
(DBN)
Maryland governor exploring legislation to require mediation before foreclosure
(DBN)
Class-action lawsuit targets Pulte Home over housing crash
(DBN)
Statler purchase: Another pipedream?
(DBN)
Fed appraisal rules sink home values
(DBN)
Property Valuation Fraud Becoming A Growing Trend
(DBN)
Artists Prepare to Freeze Abandoned Detroit House
(DBN)
'Hole' buried in bankruptcy
(DBN)
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Steel:
US steelmakers beat estimates but outlook gloomy
(DBN)
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Aviation:
Airline Profits Powered by Fuel Hedges
(DBN)
Textron 3Q profit plunges on weak markets
(DBN)
Textron saw no business jet cancellations for 2010
(DBN)
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Celebs:
William Jefferson's income meets standard for bankruptcy case to proceed
(DBN)
Prosecutors seek $478K from Jefferson
(DBN)
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Telecoms:
Michael Dworkin On VPR's & Bankruptcy
(DBN)
FairPoint wants broadband regulations relaxed
(DBN)
Verizon deal sends FairPoint spiraling into Ch. 11
(DBN)
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Gambling:
Station Casinos files for reorganization extension
(DBN)
Boyd Gaming: Echelon on hold, still interested in Station Casinos
(DBN)
Boyd CEO says Station Casinos bid is legitimate
(DBN)
Harrah's Reports $1.6B Loss in 3rd Quarter
(DBN)
Wynn Profit Drops as Gamblers Spend Less
(DBN)
Fla. Judge Revives Trump Casino Dispute
(DBN)
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Fashion:
Hearings adjourned on Emirati bid for Christian Lacroix
(DBN)
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Corporate Reform:
Geithner says reform will accompany recovery
(DBN)
Car Dealers Protected From New Consumer Protection Agency
(DBN)
Familiar Flavor To Financial Reform Bill
(DBN)
Regulators Prepare for Next 'Big One'
(DBN)
The Moral Hazards of Barney Frank’s Bank Salvation Plan
(DBN)
House Tackles Rules on Failing Firms
(DBN)
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Credit Counseling:
National Law Firm Reaches Out to Clients of Debt Settlement Firm Gone Bankrupt
(DBN)
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Health Care:
Bankruptcy judge gives Forum Health OK to hire interim CEO
(DBN)
Hip, hip, no way
(DBN)
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Tires:
GPX Intl Tire U.S. operations file for bankruptcy
(DBN)
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Hotels:
Hilton Debt Weighs on Blackstone
(WSJ: separate paid subscription required)
How Goldman and the Waltons lost a bundle
(DBN)
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Food/Drink:
Super 88 chain seeks bankruptcy protection
(DBN)
Ham's Restaurants File For Bankruptcy
(DBN)
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Mining:
Asarco may be emerging from bankruptcy
(DBN)
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Newspapers:
Senior lenders allow papers' offer to lapse
(DBN)
Taylor, Opperman make bid for stake in Star Tribune
(DBN)
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Education:
Flight-school students gain financial relief
(DBN)
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Oil/Gas:
Flying J wants to sell refinery
(DBN)
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Ethanol:
Ethanol plant to be auctioned off in pieces
(DBN)
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Retailing:
Home furnishings chain emerges from Chapter 11
(DBN)
Z Gallerie emerges from Chapter 11 bankruptcy
(DBN)
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Hockey:
Too early for a Coyotes bankruptcy victory lap
(DBN)
Coyotes in Canada?
(DBN)
Ice Edge again takes aim at Coyotes
(DBN)
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(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:
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(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
(DBN)
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Examiners:
Bankruptcy Judge To Congress: Change Examiner Law
(DBN)
Examiner appointed for Lyondell
(DBN)
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Compensation:
Why Wall Street bonuses are on the rise
(DBN)
Pay Czar Increased Base Pay at Firms
(DBN)
Wall Street pay continues to be the Great Distraction
(DBN)
BMW Links Exec Pay to That of Line Workers
(DBN)
Generosity doesn’t make bonuses smaller
(DBN)
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Municipalities:
Houston, we have a problem
(DBN)
Prichard files for bankruptcy protection again
(DBN)
The ins and outs of Chapter 9
(DBN)
Bond Weakling California Shows States’ Failure to Disclose Debt
(DBN)
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Banking:
Bill Seeks to Shift Rescue Costs to Big Banks
(DBN)
Deal Reached on Bank Crackdown
(DBN)
Key Parts of Financial Stability Improvement Act
(DBN)
ING Sets Unwelcome Precedent for State-Aided Banks
(DBN)
Amcore says it's undercapitalized
(DBN)
Strategist: Pull the Plug on Problem Banks
(DBN)
Wachovia's End
(DBN)
Smaller American banks are now at the centre of the credit storm
(DBN)
Why Did WaMu Fail? Maybe Because They Lent Money To OJ Simpson
(DBN)
New Frontier bank had warnings before collapse
(DBN)
Xerox-ACS: The $90 Million Banker Fee Bonanza
(DBN)
Are Home Loan Banks at Risk?
(DBN)
Bank protesters descend on Chicago
(DBN)
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Finance:
GMAC Asks for More US Aid
(DBN)
Icahn entices small bondholders to reject CIT plan
(DBN)
Icahn Acts to Neutralize Scare Tactics of CIT Group
(DBN)
Bondholder Adviser Derides Icahn's CIT Offer
(DBN)
Icahn Steps Up Battle Over CIT Debt Plan as Deadline Approaches
(DBN)
Oppenheimer's Heinberg on a CIT Group bankruptcy
(DBN)
CIT bankruptcy may come within a week
(DBN)
Finance sector is "mixed picture," Geithner says
(DBN)
Down, Down, Down Go 10-Year Venture Returns
(DBN)
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Lehman:
Lehman compensation not guaranteed, warns law firm
(DBN)
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Insurance:
AIG Dismantled By Asian, European Buyers as U.S. Dollar Plunges
(DBN)
AIG Part II
(DBN)
Former Marsh Execs Acquitted
(DBN)
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Fraud:
Galleon Said to Have Liquidated More Than 90% of Investments
(DBN)
Galleon Investors Trust They'll Get Their Money Back On Time
(DBN)
Other Hedge Fund In Rajaratnam Case Talks Restructuring, Buyout Of Indicted Founder
(DBN)
Lessons from Galleon
(DBN)
Galleon's Google Tipster Identified As Active Stock Blogger
(DBN)
Ex-AMD CEO Ruiz Said to Be Tied to Galleon Insider-Trading Case
(DBN)
The Galleon Group's Bollywood Connection
(DBN)
Galleon Charges Shine Harsh Light On Hedgers
(WSJ: separate paid subscription required)
Galleon Employee Asked To Model Spandex On Conference Room Table
(DBN)
Who Was Jeffry Picower?
(DBN)
Bank Of America Accused Of Enabling Ponzi Scheme
(DBN)
Reynolds’ Rap: Petters Case Could Hinge on Mysterious Informant
(DBN)
Stanford CFO sentencing postponed
(DBN)
Stanford Legal Team Hints at Need for More Time
(DBN)
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Accounting:
Audit industry remains top heavy
(DBN)
Staff working to point of exhaustion
(DBN)
All Big Four Firms Make The World's Top 50 Most Attractive Employers List
(DBN)
KPMG Partner Named in $240 Million Tax Fraud
(DBN)
Not Even Forensic Accountants Are Safe
(DBN)
Miami forensic accountant faces own scandal
(DBN)
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Tax:
Tax Bill Boosts Reporting by Banks, Rich
(DBN)
IRS Unit to Scrutinize the Wealthy
(DBN)
House Bill Takes Aim at Overseas Tax Dodgers
(DBN)
7,500 accept IRS amnesty, speculation program might be extended
(DBN)
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Corporate Governance:
A Fresh Look into the Zone of Insolvency
(DBN)
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Personal Finance:
How the other 75 percent lives
(DBN)
More teens running away during the recession
(DBN)
The long-lasting negative impacts of graduating during a recession
(DBN)
Who Are These Rich Jerks?
(DBN)
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UK:
The 10 towns with the highest rates of personal bankruptcy
(DBN)
Linklaters sues Sir Robert McAlpine for failed M&E work
(DBN)
Insolvency work still coming in despite recovery
(DBN)
Personal insolvencies to break record
(DBN)
British high street shows signs of recovery, says CBI
(DBN)
FSA orders major structured products review - 3 advice firms face enforcement
(DBN)
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Canada:
Pension attention cheers Nortel retirees
(DBN)
Ex-Canwest workers protest outside court hearing severance issues
(DBN)
Credit card giants create debit havoc
(DBN)
Auctioneer in bankruptcy
(DBN)
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China:
Enforcing Creditors' Rights in China
(DBN)
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India:
The Distress of Distressed-Asset Investing in India
(DBN)
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Cayman Islands:
Winding Up a Cayman Islands Hedge Fund
(DBN)
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Italy:
Italian Business Confidence Rises in October as Recession Ends
(DBN)
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