September 11, 2009

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Bankruptcy fees Boom, bust, bonanza
(DBN)

Judge cuts Stanford receiver fee request
(DBN)

Will Wachtel Take The Fall For The Bank of America-Merrill Merger?
(DBN)

SEC Filing Takes a Dig at Wachtell by Quoting the Firm’s Own Lawyers
(DBN)

Why Was Bank of America's GC Fired in the Middle of a Controversial Merger?
(DBN)

K&L Gates Sued By Bankruptcy Trustee
(DBN)

White & Case Drops N.Y. Partner From Executive Committee
(DBN)

The Very Model of a Modern Major BigLaw Firm
(DBN)

Income Gap Shrinks as Lawyers and Other Top Earners Take a Pay Hit
(DBN)

Eternal Vigilance Is the Price of BigLaw
(DBN)

22 Attorneys, 95 Secretaries Face the Ax as BigLaw Firm Eyes Fourth Layoff
(DBN)

Eversheds to Cut as Many as 117 Jobs
(DBN)

Pls Hndle Thx: Nope, No Jobs Yet
(DBN)

K&L Gates Missed ‘Massive Fraud’; Its Probe of Co. a ‘Stunning Failure,’ Suit Says
(DBN)

‘More Crap to Pursuit’: Judge Highlights Frank Words In UBS Suit
(DBN)

Hedge Fund Wins $35.5 Million Prejudgment Lien Against UBS
(DBN)

Lawyers Address Generational Tensions at Law Firms
(DBN)

Blogging Lawyer Accused of Revealing Secrets of Little-Disguised Clients
(DBN)

Former Lawyer of the Day: Temporarily Homeless, Currently on Unemployment
(DBN)

Obama Bucks the Trial Lawyers: Is Med-Mal Reform Imminent?
(DBN)

Eight (Extremely)Angry Men (And Women)
(DBN)

PI Law Firm Owes $1.5M for Phone Book Ads, Bankruptcy Petition Says
(DBN)

Law Prof Charged with Tax Evasion, Claims Severe ADD, Prosecutors Say
(DBN)

Hamline Law Faculty Might Need Some Ritalin
(DBN)

The Beginning of NALP's End?
(DBN)

Stepford Secretary Strikes Again
(DBN)

Clifford Chance secretary arrested for fraud
(DBN)

Say What?!
(DBN)

______________

Judges:

Meet the New York Judges in Charge of Smacking Down Wall Street
(DBN)

Chief Justice Roberts: Nope to the $15,000; Yep to the Big House
(DBN)

______________

Wall Street:

US Stock Futures Advance
(DBN)

World Stocks Rise
(DBN)

Stocks Rally to '09 Peaks
(DBN)

Maybe Goldman Sachs Partner Rich Kimball Didn't Get the Memo About Laying Low for a While
(DBN)

J.P. Morgan 'borrows' $750M from unwitting customers
(DBN)

Cautiously, Small Investors Edge Back Into Stocks
(DBN)

Surviving Lehman: The financial industry crawls back from the abyss
(DBN)

The Flight from Risk
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Job Openings Down 50% from 2007 Peak
(DBN)

U.S. now has 6 unemployed people for every job opening
(DBN)

New jobless claims fall more than expected
(DBN)

Deere to cut 367 workers at harvester plant
(DBN)

10 Best U.S. Cities To Earn A Living
(DBN)

Official at Chicago Factory Where Laid-Off Workers Sat-in Arrested
(DBN)

Monsanto to cut 8% of work force
(DBN)

Pelosi: House to act quickly to extend jobless benefits
(DBN)

______________

Mass Torts:

Philadelphia judge takes aim at mass X-ray screenings
(DBN)

United They Stood: Beating the Biggest Criminal Environmental Case
(DBN)

______________

Newspapers:

A private equity solution for family-owned newspapers goes sour
(DBN)

Sun-Times bidders call for pay cuts, more
(DBN)

Sun-Times newsroom union leader balks at concessions request
(DBN)

Philly Newspapers Ad Wars Heat Up
(DBN)

How bankrupt papers are coping
(DBN)

______________

Insurance:

Stiffer D&O Rates
(DBN)

Towers Perrin Releases 2008 D&O Survey Report
(DBN)

Popularity Of Side A D&O Coverage Growing
(DBN)

______________

Retailing:

If the rich aren't shopping, who is?
(DBN)

Wal-Mart CEO: 'Purchase Deferral Is The New Normal'
(DBN)

______________

Education:

Why college costs rise, even in a recession
(DBN)

Yale's endowment slides 30 percent
(DBN)

Harvard Endowment Falls 27.3%
(DBN)

Williams College Has 18.4% Investment Loss for Year
(DBN)

______________

Telecoms:

Verizon ready to oppose Nortel enterprise sale
(DBN)

National security concerns raised again in Nortel asset sales
(DBN)

______________

Hotels:

Extended Stay agrees to buyout, bankruptcy probe
(DBN)

______________

 

 

 

Economy:

US Initial Jobless Claims Fell to 550000 Last Week
(DBN)

US poverty rate rises to 11-year high
(DBN)

US Economic Growth to Slow as Car Rebates End, Survey Shows
(DBN)

TARP: Treasury Shifts Focus of Rescue To Small Businesses
(DBN)

Geithner Says Bailout Programs Are Shrinking
(DBN)

Fed: Economic activity stabilizing
(DBN)

We Need More Lehmans
(DBN)

How TARP Funds Ended Up in the Wrong Hands
(DBN)

Government fears stimulus fraud, scams; '100 matters' investigated
(DBN)

Recession Takes Toll on U.S.
(DBN)

Rosenberg: Everything is still terrible
(DBN)

Fed's Kohn says no exit for extended period
(DBN)

Florida's economic recovery lags behind rest of U.S., Fed says
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Freddie Mac: Fixed mortgage rates inch lower
(DBN)

Foreclosure Filings Top 300,000 for Sixth Straight Month
(DBN)

Foreclosures: The struggle continues
(DBN)

Moody's Sees Slow Recovery for Securitization Industry
(DBN)

LandAmerica files bankruptcy plan
(DBN)

Too Gloomy? Whitney Predicts 25% Home Price Plunge
(DBN)

REITs prepare for commercial real estate bust
(DBN)

Commercial/Multifamily Delinquency Rates
(DBN)

Dallas-Fort Worth pre-owned home sales fall 15% in August
(DBN)

Denver-area home sales fall 14 percent
(DBN)

Bankruptcy Filed for Downtown LA Tower
(DBN)

Fannie & Freddie's Guarantee: A Self-Fulfilling Prophecy?
(DBN)

Banks Fuel Ginnie, Mixed Report Card for Mods
(DBN)

_____________

Autos:

More than $25.5 billion in auto loans at risk, according to Experian Automotive
(DBN)

GM reportedly will offer 60-day money-back guarantee
(DBN)

Johnson Controls Auto Unit Shifts to Growth From Restructuring
(DBN)

Bankruptcy judge orders Checker Motors to make severance payments
(DBN)

Chrysler Prepares to Resume Leases
(DBN)

Auto dealers now united on settlement
(DBN)

'Clunkers' Reimbursements on Track
(DBN)

Germany's Merkel: GM Board Backs Opel Sale To Magna
(DBN)

G.M. Agrees to Sell Opel to Magna, With Strings
(DBN)

Layoff fears as GM picks Canadian buyer for Opel
(DBN)

______________

Fraud:

And The Oscar Goes To...
(DBN)

What Do You Think This Is, Merrill Lynch?
(DBN)

Brown, Everything Brown! Bernie Madoff's Penthouse Revealed to Critical Media
(DBN)

Madoff Rage Turns Florida Residents Into Poop-Throwing Psychos
(DBN)

Bernard Madoff's boats to be sold
(DBN)

How to break the law , a guide by Bernard Madoff
(DBN)

Madoff Mocks the SEC, Hates Charities
(DBN)

Ex-Stanford Employee Raffanello Charged With Obstructing SEC Investigation
(DBN)

Former Miami DEA Chief Indicted in Stanford Probe
(DBN)

Scrushy ordered to answer questions about assets
(DBN)

______________

Resorts:

Florida developer backs out of troubled resort project near Vail
(DBN)

______________

Recession Lexicon:

TGIT
(DBN)

______________

Credit Cards:

Dodging Credit-Card Reform
(DBN)

______________

Television:

New Vision Television's Reorganization Plan Approved
(DBN)

______________

Oil/Gas:

PNG Ventures files for bankruptcy protection
(DBN)

New SemGroup leaders await work as reorganization dustup continues
(DBN)

______________

Gambling:

Atlantic City casino revenue down in August
(DBN)

______________

Plastics:

Molder Triple Diamond files for Chapter 11
(DBN)

______________

Lehman:

Lehman's Wrath Is Felt in Land of Genghis Khan
(DBN)

What happened to bankers who crashed with Lehman
(DBN)

______________

Mining:

Sterlite Lifts Asarco Bid, Topping Grupo Mexico Offer
(DBN)

______________

Accounting:

Ex PwC employee goes global with email rant
(DBN)

Deloitte UK and PwC UK Revenues Flat, Showing Tough External Conditions
(DBN)

Always Remember Pants
(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:

Conyers argues for reconsideration of mortgage 'cramdown' provision
(DBN)

Barney Frank Vows To Resurrect Cramdowns
(DBN)

Despite Frank’s Threats, Cramdowns Still Long Shot
(DBN)

Banking group decries cramdowns
(DBN)

______________

Banking:

Aligning the stars for investments by private equity funds in banks
(DBN)

Bank's Commercial Loan Defaults to Hit 5%
(DBN)

______________

Compensation:

Geithner Wants Bankers' Pay in Equity That Can Be 'Clawed Back'
(DBN)

______________

Corporate Reform:

Will any Wall Streeters go to jail?
(DBN)

Congress probing SEC's Madoff failure
(DBN)

SEC contrite over failure to uncover Madoff
(DBN)

Geithner says less need for government in markets
(DBN)

SEC's Kotz Offers Steps to Help Prevent Next Madoff
(DBN)

Former AIG Executive Faces Probe
(DBN)

______________

Predatory Lending:

How a PR Op's Nonprofit Turned Payday Loans Into Gold
(DBN)

______________

Gift Certificates:

$2.3M in Claims Filed Against Gift Certificate Co.
(DBN)

______________

Aviation:

Court approves Frontier reorganization
(DBN)

Airline Bankruptcies: Is the Industry Out of the Woods?
(DBN)

JP Morgan doesn't see bankruptcies this time around
(DBN)

Airline Fees are Big Money
(DBN)

______________

Trucking:

Judge grants Gainey Corp. more time to complete negotiations, sale
(DBN)

______________

Fashion:

Fashion's Night Out: Dealmaker style
(DBN)

______________

Hockey:

Judge ponders rejecting both bids for Coyotes
(DBN)

Judge Baum's third option: Balsillie, NHL might both end up without Coyotes
(DBN)

Desert showdown
(DBN)

Judge muddies battle for Coyotes
(DBN)

Coyotes auction: Glendale makes damage case, NHL and Balsillie argue over relocation fees
(DBN)

NHL - Phoenix Coyotes Bidding War Getting Hilariously Messy
(DBN)

10 Issues to Focus on in Phoenix Coyotes Case
(DBN)

______________

Health Care:

'Extremely Compromised': Jamaica Hospital Faces Fiscal Strain
(DBN)

Health Insurers Say Obama's Misportrayal Misses Source of Medical Expenses
(DBN)

Carraway board faces lawsuit on medical records
(DBN)

______________

Litigation:

Subprime-Related Filings on the Wane but Defense Costs Aren't
(DBN)

______________

Food/Drink:

Bankruptcy Takes A Bite Out Of The Big Apple
(DBN)

Time May Change Me. . . But Judges Don’t Change Venue
(DBN)

______________

Credit Reporting:

Credit Scores: What You Need to Know Now
(DBN)

______________

Theme Parks:

2 firms vying to take over Orleans theme park
(DBN)

_____________

Rail:

US Rail Shipments Fell 16.4 Percent in August
(DBN)

______________

UK:

Bank of England Keeps Asset Purchase Plan at $290 Billion, Rates Unchanged
(DBN)

Bosses' pensions up 23% despite downturn
(DBN)

How every household lost £31,000
(DBN)

UK Seeks Disqualification of Former MG Rover Executives
(DBN)

______________

Canada:

Disgraced financier Jones facing eviction
(DBN)

______________

Mexico:

Mexico Scrambles to Save its Credit Rating
(DBN)

______________

France:

French July Industrial Output Climbs as Stimulus, Exports End Recession
(DBN)

______________

Ireland:

Irish bad bank law published
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of The Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).