October 6, 2009

The Daily Bankruptcy News

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Law:

O'Melveny on SonicBlue Problem: Ain't Our Problem
(DBN)

Legal Sector Loses 2,000 Jobs in September
(DBN)

Mixed news for Class of 2009: Wildman rescinds offers; Katten moves up start date
(DBN)

Nixon Peabody Hiring Partner: Student Recruitment Model Is ‘Antiquated’
(DBN)

Seasonal Work For Laid Off Attorneys: Halloween Time
(DBN)

Crowell & Moring Asks Staff To Voluntarily Lay Themselves Off
(DBN)

Overhead Cost at Large Law Firms Matters After All
(DBN)

Law Grads Scramble for Interim Jobs; More Deferrals, Fewer Stipends in Future?
(DBN)

Associate Salaries: The War is Over
(DBN)

Bingham McCutchen to Adopt 'Merit Lockstep' System
(DBN)

Bad News for Laid Off Associates: Your Résumés Are Not Welcome
(DBN)

DLA Piper Previews the 2009 Bonus Season
(DBN)

Has the Recession Forever Changed Large Law Firms?
(DBN)

New Headache for Greenberg Traurig: The Allen Stanford Scandal
(DBN)

Report: Receiver Looking at Greenberg Traurig’s Work for Allen Stanford
(DBN)

High Court Debates Value of Attorney-Client Privilege
(DBN)

Did Bank of America CEO Ken Lewis Listen to His Lawyers?
(DBN)

After Some 20 Years and $20M, Was $42M More a Fair Fee for 4 Months’ Work?
(DBN)

2009 Plaintiffs' Hot List: The Firms to Watch
(DBN)

Law firm mergers on the rise
(DBN)

BigLaw Firm Acquires NY Financial Services Litigation Boutique
(DBN)

A Prognosis For Future Bankruptcies
(DBN)

Allen & Overy names new restructuring group senior counsel
(DBN)

Cloudy With a Chance of Shortfalls: NY Leader Loses Rainmaker
(DBN)

Goodwin Procter Enters CIT Mess
(DBN)

Bear Stearns Fund Judge to Weigh Lawyer's Conflict
(DBN)

Ralph Cioffi's Florida fishing trip
(DBN)

As bankruptcy crisis plays on, Cincinnati law firms still swamped
(DBN)

M&A Market Rebound Buoys Corporate Practices
(DBN)

Private equity phoenix set to rise from ashes in New Year bonanza
(DBN)

Survey Shows Recession's Impact on Minority Associates
(DBN)

K&L Gates in Bizarre WWE Smackdown
(DBN)

Depositions Set in Sex Harassment Suit Against Gordon & Rees, Managing Partner
(DBN)

Jury in Astor Case Appears to Be Struggling
(DBN)

Sign o' the Times" More Firms Suing Slow-Paying Clients
(DBN)

Plaintiffs Firms Face Rule 11 Motion by Cravath for Work on Massey Derivative Suit
(DBN)

A mission to protect consumers from their own lawyers
(DBN)

Slaughters in talks over outsourcing plans
(DBN)

A&O in bid to dominate US work in London
(DBN)

BAE lawyer lands in top US job
(DBN)

Swimming With the Sharks
(DBN)

Cooley Litigator in San Diego Gets Silicon Valley's Coolest Cases
(DBN)

Will Erin Andrews Sue Marriott, Ramada?
(DBN)

Letterman picked up the tab for assistant/mistress's legal education
(DBN)

Iqbal: The Supreme Court Slams the Door
(DBN)

Judge Wants Answers After Patent Company Voluntarily Dismisses Suit Against Foley & Lardner
(DBN)

'Who Can I Sue' rankles some lawyers but brings in clients for listed lawyers
(DBN)

You Can Run, But You Can’t Hide: Extradition Getting Harder to Dodge
(DBN)

Con Law Prof’s Wife Sues George Mason Claiming Sexual Harassment
(DBN)

Lawyer Takes Justice to Streets as New TV Reality Show Eliminates Courtroom
(DBN)

Lawyers Get YouTube-Style Site
(DBN)

Lawyer Finds Humor in North Face's Threatened Litigation Over 'South Butt'
(DBN)

Say What?!
(DBN)

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Judges:

The Ninth Circuit Curse Never Sleeps
(DBN)

6 Supreme Court Judges Attend Catholic Mass
(DBN)

Sonia Sotomayor not selling Greenwich Village pad over weak housing market
(DBN)

Sotomayor Takes Active Role on Court's First Day
(DBN)

Newer Justices Could Transform Supreme Court
(DBN)

Do Women Make Better Judges?
(DBN)

Judge apologizes for allowing TV cameras in courtroom
(DBN)

‘Oh Dear’: O’Connor Disappointed to See Some Decisions ‘Dismantled’
(DBN)

'Sex-for-leniency' judge goes on trial
(DBN)

Embattled Lawyer Seeks Judge’s Recusal, Cites Possible ‘Whisper’ By AG Holder
(DBN)

Judge Who Replaced Halverson Tells Police Her Lawyer Husband Struck Her
(DBN)

Educational? You Be The Judge.
(DBN)

Judge Tells Senate Federal Courts Are 'In Crisis'
(DBN)

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Wall Street:

US Stock-Index Futures Rise
(DBN)

European shares up as recovery hopes gain ground
(DBN)

Financial Stocks Lead Market Rally
(DBN)

Roubini: Stocks, Commodities Have Risen 'Too Much, Too Soon, Too Fast'
(DBN)

Stiglitz Says Markets Are `Irrationally Exuberant' About Economic Recovery
(DBN)

Goldman's image problem
(DBN)

Stock Seers Say Gross 5% May Only Be Normal in Debt
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Many Lost Jobs Will Never Return
(DBN)

American Apparel is forced to lay off 1800 workers
(DBN)

Unemployment to peak in 8-12 months: IMF chief
(DBN)

A Pickup in Orders, Not Hiring
(DBN)

Greenspan Foresees a Rise in Unemployment
(DBN)

Job Market Improved: First Time in 18 Months
(DBN)

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Advertising:

US online ads fell for second quarter in a row
(DBN)

______________

Telecoms:

Nortel Talking With Ciena As Workers Plan Protests
(DBN)

Windstream Buying Up Fairpoint Debt? - Company may be watching possible bankruptcy closely
(DBN)

______________

 

Corporate Reform:

US court affirms sentences of Adelphia's Rigases
(DBN)

______________

 

 

Economy:

Services Grow for First Time in a Year
(DBN)

Treasury set 'unrealistic expectations'
(DBN)

Did the Government's White Lies Endanger the Bailout?
(DBN)

Obama Weighs Spending, Tax Cuts to Stem Job Losses Without Second Stimulus
(DBN)

IMF Deepened the Financial Crisis
(DBN)

Fed Should Release Names of Banks, Bloomberg Says in Lawsuit
(DBN)

BlackRock, Others Buy Into PPIP
(DBN)

The demise of the dollar
(DBN)

World Bank appeals for funds as aid rationing looms
(DBN)

Soros Says 'Basically Bankrupt' Banks Restrain U.S.
(DBN)

How We Barely Missed a Great Depression
(DBN)

Assessing the Financial Crisis
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Thornburg, creditors clash on need for trustee
(DBN)

MGM Mirage Slashes Condo Prices
(DBN)

_____________

Banking:

BofA's brings back iconic Merrill Lynch logo
(DBN)

Bank of America mulls 'emergency' CEO
(DBN)

The real reason Bank of America CEO Ken Lewis suddenly quit
(DBN)

Why Citigroup's Pandit could get booted next
(DBN)

Wells Fargo, Biggest US Banks Raised by Goldman
(DBN)

______________

Obituaries:

Irving Sulmeyer 1927-2009
(DBN)

______________

Finance:

Restructuring In a No-Credit World
(DBN)

CIT plans to increase $3 billion bondholder loan
(DBN)

Goldman's Profit on CIT Could Rouse Critics
(DBN)

CIT Group Has Little Hope of Succeeding
(DBN)

CIT bondholders should sell or prepack
(DBN)

Global Finance Industry Is Still Dragging
(DBN)

Big borrowers hit by falling values, skimpy lenders
(DBN)

______________

Corporate Governance:

Caremark-based Duties of Directors
(DBN)

______________

Bankruptcy Crimes:

The FBI Would Like To Give You 13 Tips To Consider Before Filing Bankruptcy
(DBN)

______________

Furniture:

An Executive Who Ruled From Afar and Walked Away Rich
(DBN)

Private equity firms ravaged Simmons; could they do the same to banks?
(DBN)

______________

Golf:

Andover golf club files bankruptcy
(DBN)

______________

Health Care:

Waves of new funding cuts imperiling nursing homes
(DBN)

______________

Credit Cards:

Will the Fed enforce tough new credit card rules?
(DBN)

Delinquencies Expected To Increase
(DBN)

______________

Discovery:

Hearing Held on Freedom Bankruptcy Documents
(DBN)

______________

Tech:

Spansion sees end to Chapter 11 in Q4 or early 2010
(DBN)

______________

Examiners:

Lyondell unsecured creditors request examiner
(DBN)

______________

Fraud:

Mets' owner strikes out with Madoff trustee
(DBN)

Madoff trustee wants investor to return $7.2B
(DBN)

Stanford's Pendergest-Holt Permitted to Sell Property, Keep Some Proceeds
(DBN)

Postgaming Marc Dreier’s Performance on ‘60 Minutes’
(DBN)

______________

Gambling:

Judge seeks quick sale of Fontainebleau Las Vegas
(DBN)

Station seeking to hold off case
(DBN)

Strategies for Distressed Gaming Entities
(DBN)

Casinos spend millions on 'comps'
(DBN)

______________

Accounting:

Alleged 'Fall Guy' Sues KPMG for $30 Million
(DBN)

KPMG Comp Discussions: Mid-Atlantic Says 'No topic is off-limits' and Possible Cuts in the Midwest
(DBN)

______________

Software:

Trustee Backs SCO's Litigation Against Novell
(DBN)

______________

Turnarounds:

Service Providers Corporate Restructuring: Pitfalls And Opportunities
(DBN)

______________

Municipalities:

Report Says Vallejo an Example of Problems with Unions
(DBN)

______________

Chemicals:

Workers say bankrupt Lyondell owes millions in pay
(DBN)

______________

Celebs:

Nicolas Cage Owes $2 Million, Bank Claims
(DBN)

Fergie creditors' haircut
(DBN)

______________

Politics:

Debt: The Legacy of Reagan?
(DBN)

______________

Debt Collection:

Collectors Charged In $8 Million Fraud Scheme
(DBN)

______________

Derivatives:

Don't worry about the U.S.-China trade war over chicken feet. Worry about the coming conflict over T-bills and derivatives.
(DBN)

______________

Private Equity:

Profits for Buyout Firms as Company Debt Soared
(DBN)

Five More Bankrupt Companies That Earned Their Private Equity Backers a Return
(DBN)

PE-Backed Busts: What's in Store for Q4 and Beyond?
(DBN)

______________

 

New Bankruptcy Opinions
(3 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)

______________

Breaking the Chapter 11 'Tsunameter'
(DBN)

No more $19 doughnuts; More businesses to fail
(DBN)

Sales:

Pornography and Section 363
(DBN)

______________

Bankruptcy Statistics:

Nationwide personal bankruptcies crossed the 1 million threshold ...
(DBN)

______________

Bankruptcy Prediction:

Notable Bankruptcies of 2009: Q3
(DBN)

______________

Compensation:

Pay Czar Said to Plan Salary Cuts at Bailed-Out Firms
(DBN)

______________

Student Debt:

Options for Managing Law School Student Loan Debt
(DBN)

______________

Compensation:

General Growth proposes $11.6 million bonus pool
(DBN)

______________

Exemptions:

Amici Bankruptcy Professors Pottow & White "Win" on BAPCPA 11 U.S.C. 522(p)
(DBN)

______________

Autos:

As Delphi Emerges From Bankruptcy, Executive Regrets the Bumpy Ride
(DBN)

Chrysler to pay Visteon as it exits businesses
(DBN)

Marchionne names new bosses for Chrysler, Dodge
(DBN)

US, Swedish investors eyeing Volvo bid
(DBN)

At Volvo, We're Private Equity, and We're Here to Help
(DBN)

______________

Accounting:

PwC, KPMG Iceland offices raided over banking collapse
(DBN)

______________

Oil/Gas:

Peak Oil: The End Of the Oil Age is Near, Deutsche Bank Says
(DBN)

Edge Petroleum to sell most assets, files for Chapter 11
(DBN)

Yukos International Seeks $100 Billion in Damages in Strasbourg
(DBN)

______________

Retailing:

Parent of Olympics Retail Manager Enters Chapter 11
(DBN)

Holiday sales: Tough sledding ahead
(DBN)

Popular Treasure Coast outlet mall files for bankruptcy
(DBN)

Hilo Hattie Emerges From Bankruptcy
(DBN)

InkStop Abruptly Closes All 152 Stores
(DBN)

The 'Vacancy' Blight: Finding New Uses for Empty Stores
(DBN)

______________

Boating:

Fountain's motion to stop sale is denied
(DBN)

______________

Newspapers:

Big Day for Sun Times
(DBN)

Sun-Times deadline passes with no second bidder in sight
(DBN)

______________

Lehman:

Lehman Europe creditors offered payout
(DBN)

Living with the Lehman legacy
(DBN)

______________

Education:

Colleges offer no slack on late fees
(DBN)

______________

Food/Drink:

Food Lion company agrees to buy Bi-Lo assets
(DBN)

______________

Hockey:

City of Glendale Trying to Muster Support For Bankrupt Coyotes
(DBN)

How it all went wrong
(DBN)

______________

Personal Finance:

How to Rebuild Credit After Bankruptcy
(DBN)

Saving hurts credit
(DBN)

______________

Magazines:

Trade publisher Questex Media files for bankruptcy
(DBN)

Condé Nast to Close Gourmet, Cookie and Modern Bride
(DBN)

Reader's Digest can borrow $150 million in bankruptcy
(DBN)

______________

Tax:

Seattle-Area Man Pleads Guilty in Swiss Bank Case
(DBN)

IRS Can't Claim the $5M Debtor Never Inherited
(DBN)

The IRS Will Pay You for Snitching but You Better Have a Big Fish and Don't Mind Waiting
(DBN)

______________

Disclosure:

Bank slips in a veiled threat: Exchanging a big house for The Big House?
(DBN)

______________

Religion:

Scotus Ruling Paves Way for Disclosures on Sex-Abuse Cases
(DBN)

Problems With Tithing
(DBN)

______________

UK:

E&Y's £11m gem may be worth just £100
(DBN)

U.K. Manufacturing Output Unexpectedly Slumps to Lowest Level in 17 Years
(DBN)

Britons Will Work Longer, Earn Less in Austerity Drive to Reduce Deficit
(DBN)

Does TUPE apply when buying an insolvent business?
(DBN)

British Banks to Face Tougher Liquidity Rules
(DBN)

Ernst & Young begins Equitable appeal
(DBN)

UK sees M&A activity fall
(DBN)

Financial Services Industry Could Lose 60K
(DBN)

______________

EU:

Europe's banks back from brink for now
(DBN)

______________

Germany:

Angry shareholders berate Hypo bosses
(DBN)

______________

New Zealand:

New Zealand Business Confidence Jumps to 10-Year High
(DBN)

______________

Italy:

Challenges in Italian debt restructuring
(DBN)

______________

 

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