October 8, 2009

The Daily Bankruptcy News

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Law:

Former Clients Sue Mintz Levin, Former Partner for Fraud
(DBN)

Skadden, Paul Weiss Lead Unusual FDIC Deal for Bad Corus Loans
(DBN)

The Bankruptcy Files: Media, Energy, and Electric Scooters
(DBN)

UK & Australia Firms Mull Megamergers to Amp Up in Asia
(DBN)

Major UK law firms suffer drop-off in 2009 Global 100 results
(DBN)

Bank of America Bonus Suit Should Be Decided by Jury, US Says
(DBN)

It's the End of the World As We Know It, Or Maybe Not
(DBN)

Law Pub Ponders the ‘Associate Apocalypse’
(DBN)

Your Guilt-Edged Career
(DBN)

Incoming Associates at Fenwick Take the Money and Run
(DBN)

What’s Going on at Akin Gump? (Some staff cuts, plus news on offer rates.)
(DBN)

Firm asks partners to plow in millions in fresh capital
(DBN)

Delaware Law Firm Hit With Sexual Harassment Suit
(DBN)

In Wake of Messy Parting and Mutual Loathing, Ex-NY Partner and Firm Both See Suits Tossed
(DBN)

Why Law Firm Interviewers Are Asking ‘Tell Me About a Time’ Questions
(DBN)

Blog Response to Law Firm’s Demand for Photo Takedown: We’ll Mock You
(DBN)

Ex-NBA Playing Lawyer Is ‘Gun Shy’ of Big Firms After Short Dreier Stint
(DBN)

Lawyer Who Quit UBS to Co-chair Linklaters’ US Practice Changes His Mind
(DBN)

Playing the Middle Game: Is Now the Time to Expand? Check
(DBN)

The Economy Is Still Soft For IP Lawyers
(DBN)

Firms Line Up For Another IPO Avalanche
(DBN)

Judge Tosses Suits by Kasowitz Benson and Ex-IP Chair
(DBN)

Notes from the Breadline: Every Picture Tells a Story
(DBN)

Authorities Struggle to Cope With ‘Tsunami of Digital Evidence’
(DBN)

Microsoft Has Cut Legal Budget By 15%, Asked Outside Counsel to Trim Fees 10%
(DBN)

Belmont (TN)To Open New Law School — Just Because They Can
(DBN)

Lawyer of the Day Stephanie Birkitt: An Update on the Ex-Letterman Lover
(DBN)

Court Deals Setback to Attorney Convicted in Sex Scam
(DBN)

The Cornerback v. The Counselor
(DBN)

Turned In by Toddler, Lawyer Sanctioned
(DBN)

Say What?!
(DBN)

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Judges:

At High Court, Cross Words Over Mojave Memorial
(DBN)

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Wall Street:

Stocks poised to climb
(DBN)

US Stocks Fall as Homebuilders Decline on Tax Credit Concern
(DBN)

$3 million government handout to aid Goldman Sachs' firm
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Recession in U.S. May Erase Previous Expansion's Jobs, Goldman Sachs Says
(DBN)

Senator wants to extend jobless benefits for all states
(DBN)

The hardest part is competing with people with 20 years experience, because they lost their jobs
(DBN)

Mental-health troubles rise in jobless
(DBN)

House Republicans Press Obama on Jobs Creation
(DBN)

Finance Layoffs: Mutual of Omaha and Capital Bank
(DBN)

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Credit Cards:

The End of 0%? Reigning in 'Credit Card Roulette'
(DBN)

Wells Fargo Will Raise Credit-Card Rates Ahead of Law
(DBN)

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Celebs:

Anna Nicole Smith Investigated in Murder Plot
(DBN)

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Oil/Gas:

Oil Near $71 on Optimism Over Economic Recovery
(DBN)

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Consumer Credit:

Wells Fargo Continues Cuts to Personal Credit Lines
(DBN)

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Telecoms:

Ciena bids $521M for Nortel business units
(DBN)

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Aviation:

U.S. carriers' cuts may give them edge, consultancy says
(DBN)

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Tax:

U.S. claims Colo. tax preparer sought $55 million in fraudulent returns
(DBN)

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Gambling:

Bondholders hike offer for Trump casinos to $225 million
(DBN)

Hearing set on fate of Trump casinos in AC
(DBN)

Trump, Noteholders Narrow Disagreements Over Control of Casino Operator
(DBN)

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Hotels:

Hotel defaults, foreclosures rise in California
(DBN)

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Litigation:

Ronald Perelman Loses Court Bid to Revive $1.6 Billion Morgan Stanley Case
(DBN)

WaMu Employees' Lawsuit Against JPMorgan Dismissed
(DBN)

Is the Death of the Securities Class Action Greatly Exaggerated?
(DBN)

Subprime Lawsuit Against Mortgage Securitizer Dismissed
(DBN)

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Municipalities:

California Broke, Thanks Mexico
(DBN)

Bing's turnaround plan squarely confronts Detroit's dire straits
(DBN)

Highland Park's state overseer charged with theft
(DBN)

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Tax:

Forgiveness, for Some
(DBN)

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Economy:

Next Global Crisis Won't Look Like the Last
(DBN)

Reid, Pelosi Meet Obama on Aiding Economy
(DBN)

Inside the Crisis
(DBN)

Obama under fire over falling dollar
(DBN)

Budget deficit hits $1.4 trillion for '09
(DBN)

For seventh month, consumers cut debt
(DBN)

He foresaw the mortgage mess; now, he sees an inflation wreck
(DBN)

The economy: One step forward, two steps back?
(DBN)

Mr. Geithner, Wall Street is on Line 1
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Reverse mortgages could become the next subprime crisis, says a report
(DBN)

Commercial real estate: the coming storm
(DBN)

U.S. office vacancies reach five-year high of 16.5%
(DBN)

Effective Manhattan office rents off 45%
(DBN)

Houston office market falters amid sluggish demand
(DBN)

IRS Guidelines Clears the Way for CMBS Modifications: K&L Gates
(DBN)

Mortgage Applications Surge to 4-Month High
(DBN)

New Order: No Money, No Problem
(DBN)

Fannie And Freddie Scheme To Help Independent Mortgage Lenders Grow
(DBN)

Fannie And Freddie To Prop Up Warehouse Lending
(DBN)

Frank To Propose Loan Plan For Unemployed Borrowers
(DBN)

Henry S. Miller Brokerage, auction firm to market distressed commercial properties
(DBN)

Kirk Corp. converted to chapter 7 liquidation
(DBN)

Kelly Gearhart bankruptcy debts now put at $65 million
(DBN)

South Tahoe convention center project files for Chapter 11
(DBN)

Fed becomes reluctant landlord
(DBN)

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Banking:

The obscenely high new bank fees for ATM usage and overdrawn checks
(DBN)

80% of Debit Card Holders Don't Want "Protection"
(DBN)

Americans Spend More On Overdraft Fees Than They Spend On Fresh Vegetables
(DBN)

Sheila Bair on secured creditors
(DBN)

Fed Says Banks Slow to Take Commercial Losses
(DBN)

The rise of the East and Demise of the West
(DBN)

John Thain Admits He Didn't Understand Merrill's Risks
(DBN)

FDIC sells $4.5B in Corus assets to Starwood group
(DBN)

Capmark Financial Pours $600 Million into its Ailing Bank
(DBN)

Guess who bankers want to work for most?
(DBN)

Winters Shows JPMorgan Bankers a Path to Safety, Dimon Shows Him the Door
(DBN)

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Autos:

GM Says on Target With Change, but Risks Remain
(DBN)

More jobs to be cut at GM
(DBN)

Chrysler to unveil 5-year plan
(DBN)

GM shifts focus from restructuring to vehicles
(DBN)

GM Expects Car Sales to Stay Slow
(DBN)

GM's top sales executive leaving
(DBN)

GM names Buick exec Docherty as new US sales chief
(DBN)

More legal wrangling in Hecker case
(DBN)

Trustee need not give Hecker his records, judge rules
(DBN)

Auto suppliers face 'tenuous' future
(DBN)

Doubts grow over Opel deal
(DBN)

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Baseball:

Baseball Attendance Falls Amid Recession
(DBN)

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Newspapers:

Investor Wants Sun-Times Bidding Process Reopened
(DBN)

Sun-Times Media Group, Jim Tyree on same page
(DBN)

Sun-Times Media, union reach tentative deal
(DBN)

Newspaper auction overseers appointed
(DBN)

Freedom Fights Bankruptcy Disclosure
(DBN)

Mysteries of Philadelphia
(DBN)

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Auto Racing:

Motorsports Authentics faces bankruptcy
(DBN)

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Horse Racing:

Hoosier Park to File for Bankruptcy ?
(DBN)

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Finance:

PIMCO has left CIT steering committee - source
(DBN)

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Hockey:

Sabres, Coyotes share rare bond of bankruptcy
(DBN)

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Enron:

Checks could go out soon in one Enron case
(DBN)

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Corporate Reform:

A test case for Wall Street justice
(DBN)

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Accounting:

Could Accounting Rule Changes Magnify Real Estate Woes?
(DBN)

E&Y fined over audit failures
(DBN)

Ernst & Young Paid $400 Million to Settle Akai
(DBN)

IPO "Crisis" Crushes Small-Caps, Grant Thornton Contends
(DBN)

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Religion:

Judge tells diocese to do more
(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 Prediction:

Firm seeks SEC probe of Hertz over bankruptcy suit
(DBN)

Bankruptcy-spotting toolkit
(DBN)

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Compensation:

Visteon judge rejects bonuses for top officers
(DBN)

Fed aims to rein in bank pay abuses way below top execs
(DBN)

Bailed-out banks pre-empt pay czar
(DBN)

In Merrill’s Failed Plan, Lessons for Pay Czar
(DBN)

Digging Deeper Into Merrill’s Failed Pay Plan
(DBN)

Citigroup tries to shed $100 million-man Andrew Hall
(DBN)

Wall Street Pros Expect Big Cash Money Bonuses This Year
(DBN)

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Apparel:

American Apparel Running Out Of Room On Credit Lines
(DBN)

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Lehman:

Lehman Judge Says It Can Move Ahead With Suncal Plan
(DBN)

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Retailing:

Judge OKs involuntary Ch. 7 for Ellen Tracy
(DBN)

Retail Vacancies Hit Multiyear Highs
(DBN)

Retailers nervous as consumers beef up credit scores
(DBN)

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Golf:

Golf firm True Temper files for Chapter 11
(DBN)

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Pensions:

401(k)savers took beating during meltdown of '08
(DBN)

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Health Care:

Opposition to insurance tax grows in House
(DBN)

Health Costs: Steeper Still
(DBN)

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Private Equity:

The Reason Stanford Is Selling Private Equity
(DBN)

How private equity dealmakers can win while their companies lose
(DBN)

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Corporate Governance:

Who Gets Sued in Veil Piercing Cases?
(DBN)

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Personal Finance:

Why the recession won't teach us frugality.
(DBN)

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Derivatives:

Firms and U.S. regulators clash on derivatives rules
(DBN)

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Metals:

PTC Alliance Wins Approval of 'First Day' Motions
(DBN)

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Media:

Blodget: A CBS bankruptcy? Not yet
(DBN)

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Fraud:

Madoff's `very ordinary' mansion up for sale
(DBN)

Should Madoff's Winners Give Back to Losers?
(DBN)

Record ‘Phish Phry’ Bank Cybercrime Bust Nets 100 in US & Egypt
(DBN)

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UK:

Begbies Traynor joint venture extends reach into US insolvency market
(DBN)

RBS Faced Risk of Full Seizure by Brown at 2008 Crisis Climax, Gieve Says
(DBN)

Britain Risked `Bank Runs, Riots' as RBS, HBOS Neared Collapse Last Year
(DBN)

BoE Leaves Rates At 0.5 Percent
(DBN)

U.K. Consumer Confidence Rises to Highest in 1 1/2 Years as Recession Ebbs
(DBN)

Property chiefs slam CVAs
(DBN)

Lloyds looking to scale back government aid, EU seen key
(DBN)

Care home operator debt restructure hands roles to Macfarlanes and A&O
(DBN)

Equitable Life under investigation again
(DBN)

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EU:

European Economy Contracts More Than Estimated
(DBN)

Global Economic Crisis Rescues European Bank
(DBN)

ECB expected to keep interest rates at record low
(DBN)

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Canada:

Inside Goldman's deal with CanWest
(DBN)

The Asper dream ends, the sell-off begins
(DBN)

CanWest directors demand protection
(DBN)

CanWest Didn't Properly Finance Buyout of Papers, Black Claims
(DBN)

Scotiabank, creditors to control CanWest dailies
(DBN)

Canadians favor tax aid to help country's ailing newspaper industry
(DBN)

Allen-Vanguard 'regrets' deal means shareholders get nothing
(DBN)

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Japan:

Japan Sept corporate bankruptcies drop 18 pct yr/yr
(DBN)

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Ireland:

Children told to bring own toilet paper to school
(DBN)

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