September 17, 2009

The Daily Bankruptcy News

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Law:

Shearman, Weil, Baker Pluck Pilgrim's Pride from Bankruptcy
(DBN)

Jones Day: Lehman Judge OK'd Barclays Sale Based on 'Inaccurate Record'
(DBN)

Weil Gotshal restructuring partner Lori Fife recalls being on the front line when Lehman Brothers collapsed
(DBN)

Report: Cuomo subpoenas BofA directors
(DBN)

In BofA/SEC Case, Wachtell, Shearman Get Shoved Toward Spotlight
(DBN)

Experts See Only Slight Risk for Law Firms in BofA Case, Despite Judge’s Ire
(DBN)

BigLaw Summer Forecast for 2010 Is Dark and Chilly
(DBN)

Slower Economy Leads to Lower Offer Rates at BigLaw Firms in Texas
(DBN)

Salary Cut Watch: Don’t Forget About Faegre & Benson
(DBN)

Ex-McAfee Lawyer Roberts Sues Company Alleging He Was Backdating Scapegoat
(DBN)

Airline, media and auto companies risk bankruptcy : study
(DBN)

Latham & Watkins Adds Bankruptcy Partner In NY (scroll down)
(DBN)

Schulte Roth & Zabel Adds Bankruptcy Partner
(DBN)

Linklaters and Garrigues strengthen Spanish litigation and insolvency teams
(DBN)

Manhattan Firm Moving Into Offices of Zombie Firm
(DBN)

K&L Gates Grabs One-Fourth of Kelley Drye's Chicago Lawyers
(DBN)

The New Biglaw Business Model, According to O’Melveny & Myers
(DBN)

Failure = Success?: As BigLaw Firm Swings the Ax Hard, Why at Least One Office Was Spared
(DBN)

More Jurors Resentful of Corporations—and Plaintiff Windfalls, Studies Show
(DBN)

Patton Boggs Would Still Like to Represent Allen Stanford
(DBN)

Harvard Law Donor Faced $100M Tax Probe at Time of Suicide, Source Says
(DBN)

Suspension Stayed for Lawyer Who Tried to Settle Without Client’s Consent
(DBN)

Several BigLaw Lawyers Win Supreme Court Clerkships
(DBN)

Bad Economy: A Boon for Women Lawyers?
(DBN)

Notes from the Breadline: Always Seem to Get Things Wrong
(DBN)

Those Who Can’t Mass Email, Blog
(DBN)

Law Student of the Day: Playmate of the Month?
(DBN)

Georgia Supremes Ponder Legality Of Tort Reform
(DBN)

On Marital Aids, Alabama, and the U.S. Constitution
(DBN)

Holder Won't Prosecute Bush Official in US Attorneys Firing Scandal
(DBN)

Couple's trash bin tryst takes wrong turn
(DBN)

Say What?!
(DBN)

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Judges:

Judge’s Affair With Prosecutor Raised Too Late; Appeals Court Denies New Trial
(DBN)

Court Workers Claiming Courthouse Mold Made Them Sick Issue Ultimatum
(DBN)

What Kind of Judge Stands Up For Truth and Justice?
(DBN)

Justice Stevens Retirement Watch: An Update
(DBN)

Sotomayor Issues Challenge to a Century of Corporate Law
(DBN)

Yale Edges Past Harvard in Supreme Court Clerkship 'Battle'
(DBN)

Are Obama’s judges really liberals?
(DBN)

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Wall Street:

US Index Futures Fluctuate
(DBN)

Asian Markets at New Highs for Year; Europe Gains
(DBN)

Wall Street Rises for Third Day on Economic Optimism
(DBN)

Banks, GE Lead Stocks Up
(DBN)

Manager optimism not reflected in asset allocation
(DBN)

Wall Street's Deal Factory Hits the Reset Button
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

First-Time Jobless Claims Expected to Rise
(DBN)

Survey: More workers now living paycheck to paycheck
(DBN)

White-Collar Work Hard to Find
(DBN)

MI jobless rate hits 15.2% in August
(DBN)

Los Angeles City Council is voting on a retirement plan that may result in 1,000 layoffs
(DBN)

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Banking:

How Living Wills Could Help Banks
(DBN)

Buffett praises BofA's Ken Lewis -- not!
(DBN)

F.D.I.C. Sells Failed Bank’s Troubled Mortgages to Private Investor
(DBN)

Fallout from Rejection of SEC/BofA Settlement
(DBN)

Citing Risks, U.S. Seeks New Rules for Niche Banks
(DBN)

CIB cleared to file expedited bankruptcy
(DBN)

Citi CEO Pandit Has 'Little Doubt' of Profit Return
(DBN)

Fifth Third expects 3rd Q losses to increase 24%
(DBN)

Fed focuses on property exposure
(DBN)

US won't ID banks rejected for aid
(DBN)

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Aviation:

Delta Air Lines plans $500M private debt offering
(DBN)

Bumped Passengers Learn a Cruel Lesson
(DBN)

JAL turnaround plan to be reviewed
(DBN)

Aeroflot plans to cut 2,000 jobs
(DBN)

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Television:

Bankruptcy is TV producer's latest reality
(DBN)

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Receivers:

Court-appointed receivers find business booming
(DBN)

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Chemicals:

Bankruptcy judge approves Tronox bidding plan
(DBN)

Tronox Wants Toxic School Suit Put On Hold
(DBN)

LyondellBasell Offers a Deal to Soothe Senior Creditors
(DBN)

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Newspapers:

Will the Star Tribune's new owners cut newsroom staff?
(DBN)

Creditors seek name of new Star Tribune publisher
(DBN)

Sun - Times bidder blasts union's vote on pay cuts
(DBN)

Sun-Times CEO's letter to employees
(DBN)

At Chicago Sun-Times, Guild's 'no' vote is all that matters
(DBN)

Sun-Times, union have 2 weeks to close gap
(DBN)

New York Times, Gannett Shares Surge After Ad Spending Report
(DBN)

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Fraud:

A public defender rides to Sir Allen's rescue
(DBN)

Stanford investors seek help
(DBN)

Madoff's Penthouse: Messy or Meticulous?
(DBN)

Sculpture stolen from Madoff's Montauk home
(DBN)

Gimme Shelter: Lookin' good
(DBN)

Fourth Videotape Reveals ACORN Advising 'Pimp,' 'Prostitute' in California
(DBN)

Duo who turned this trick
(DBN)

SEC wants judge to order big penalty in Kmart case
(DBN)

Financier's Sudden Death Revives Old Questions
(DBN)

Dubai World says suing ex-CEO of unit for fraud
(DBN)

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Distressed Investing:

Tribune owner looking to invest in country's real estate
(DBN)

Investors Expect Bank Woes May Finally Jump-Start Distressed Buying Opportunities
(DBN)

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Economy:

Gov't Rescue Steps May Have Worked but at Big Cost
(DBN)

Just how big the difference is between the technical end of the recession and anything resembling a satisfactory performance
(DBN)

Americans Plan to Limit Spending Amid Concern About Economy, Survey Shows
(DBN)

Data Point to Growth, Without Inflation
(DBN)

Global Confidence Index Holds at Highest on Record on Signs Slump Is Over
(DBN)

Obama plans to reform economy, not just health insurance
(DBN)

Consumer Prices in US Increased 0.4% in August
(DBN)

Manufacturers leading early stages of recovery
(DBN)

Sizing Up the Fed's Next Move
(DBN)

Fed policy makers dividing on hiking rates
(DBN)

Volcker Predicts 'Long Slog,' Risk of 'Relapses' for Economy
(DBN)

Warren Buffett Says Economy Will be O.K. In Three or Four Years
(DBN)

Public opposes stake in ailing firms
(DBN)

Greenspan Sees Threat Congress Will Hamper Federal Reserve
(DBN)

Which 'Titan of Finance' Nearly Burst Into Tears During a Phone Call With the Treasury?
(DBN)

Who Came Off Best in The New Yorker's Epic Crisis Story?
(DBN)

World Bank Says Number of People in Poverty Will Rise 89 Million by 2011
(DBN)

How bad is the recession damage? Bad. Real bad.
(DBN)

Dr. Doom's not-so-dire projections
(DBN)

ObamaCare: Dem Senator Warns of 'Big, Big Tax' on Middle Class
(DBN)

Dollar Drops to Lowest Level in Almost Year Against Euro
(DBN)

Senate Dem: End 'Bottomless Pit' Stimulus Projects
(DBN)

The Stimulus Didn't Work
(DBN)

FDIC Names First Winner in Toxic Asset Program
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Don't Flub "Stub" Rent: Some Thoughts on Code Section 365(d)(3)
(DBN)

Fed Examining Mid-Sized Banks' Losses to Commercial Real Estate
(DBN)

Builders Probably Began Work on U.S. Homes at Fastest Pace in Nine Months
(DBN)

The problem with mortgage modifications.
(DBN)

Home builders' index creeps higher in September
(DBN)

Builder confidence up, but tax fears loom
(DBN)

IRS rules ease commercial mortgage refinancing
(DBN)

"New Rules" Hope to Stave Off Commercial Real Estate Defaults
(DBN)

Homebuyer Tax-Credit Extension Gains Support
(DBN)

CA: Southland home prices move north for fourth consecutive month
(DBN)

Home Lender's Rise, Fall Marked Era
(WSJ: separate paid subscription required)

Deal would unfreeze TBW mortgage, escrow payments
(DBN)

Official seeks trustee for Thornburg, CEO resigns
(DBN)

The Secret Test That Ensures Lenders Win on Loan Mods
(DBN)

To get your mortgage modified, hit 3 --and wait
(DBN)

FDIC Launches Foreclosure Prevention Tool Kit
(DBN)

FBI mortgage fraud probes now up to 2,600 cases
(DBN)

MFI-Miami To Investigate Securitizations
(DBN)

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Retailing:

This retail sales apple is rotten at the core
(DBN)

Recession lowers retail worker turnover rates
(DBN)

Luxury Retailers Rush To Adapt: Chic Goes Cheap
(DBN)

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Fashion:

As consumers cut back, many celebrity clothing lines have gone bust
(DBN)

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Autos:

GM, Chrysler bankruptcies indicate foreign automakers could one day own U.S. market
(DBN)

Sergio Marchionne on Chrysler: "Little had been done"
(DBN)

Fiat CEO: Chrysler worse than we thought
(DBN)

Who Let the Chryslers in Here?
(DBN)

For Ex-Chrysler Manager, Janitorial Work
(DBN)

GM chief defends Opel sale decision
(DBN)

Private jets for auto execs? Not anymore
(DBN)

American Axle works to avoid bankruptcy
(DBN)

American Axle gets 4th waiver on credit facility
(DBN)

Michigan's year of reckoning isn't over
(DBN)

SEC fines 4 ex-Dana execs
(DBN)

GMAC Expands Leasing Options to Chrysler Customers
(DBN)

Ottawa ends warranty guarantees for GM, Chrysler
(DBN)

Gloom fills Belgian plant after takeover
(DBN)

Wheels come off Middle East car sales
(DBN)

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Telecoms:

Nortel bankruptcy judge denies Verizon objection
(DBN)

US, Canadian judges approve Nortel bankruptcy sale
(DBN)

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Food/Drink:

NY-based market chain still losing money, stores
(DBN)

A Grand Spectacle, Frozen in Time
(DBN)

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Tax:

Huffman Koos owner pleads guilty to hiding $3.8M from IRS
(DBN)

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Celebs:

Royalty Dispute Rocks Allman Brothers Band
(DBN)

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Small Business:

Small Business Survival Strategies: Lessons Learned From the Downturn
(DBN)

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Tax:

Your Mortgage Interest Could Be Red Flag to IRS
(DBN)

Two Suicides Shake the World of Wealth
(DBN)

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Student Debt:

Weighing the Worth of Student Loans
(DBN)

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Hedge Funds:

How hedge funds are managing risk post-Lehman
(DBN)

SEC and UK FSA Will Cooperate on Hedge-Fund Rules and Data
(DBN)

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Credit Cards:

Frank Plans Earlier Date for New Credit-Card Curbs
(DBN)

Credit Card Losses Climb With Jobless Rate in August
(DBN)

Credit card all about scheduling
(DBN)

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Turnarounds:

Big Bankruptcy Beneficiaries
(DBN)

______________

 

New Bankruptcy Opinions
(1 new opinion 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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Insurance:

Report: AIG CEO wants private jet
(DBN)

Lloyd's of London Insurers Pull $825 Million From Hedge Funds After Losses
(DBN)

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Video Rentals:

Blockbuster may close hundreds of stores
(DBN)

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Movies:

Capitalism’s Little Tramp
(DBN)

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Compensation:

Ex-Merrill McCann Testifies Thain Ordered Him to Give Up His 2008 Bonus
(DBN)

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Construction:

Mainline Contracting files for Chapter 11 bankruptcy protection
(DBN)

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Oil/Gas:

SemGroup to submit new plan, has deal with producers
(DBN)

Federal Court Sides With Karl W. Miller
(DBN)

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Building Materials:

Insulation maker BioBased Technologies files for Chapter 11
(DBN)

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Religion:

Should Bankers Repent?
(DBN)

The archbishop doesn't get it
(DBN)

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Health Care:

Struggling hospital Westchester Square Medical Center gets new lifeline
(DBN)

Doctors win favor to buy Valley Health System hospitals
(DBN)

Sunwest to sell 148 properties to Blackstone
(DBN)

Is Obama’s Health-Care Reform Proposal Unconstitutional?
(DBN)

The Senate Is Ready to Act on Health Care
(DBN)

Baucus Health Bill Has No Public Option
(DBN)

Public Option Lite
(DBN)

Baucus Health Plan Would Cut Budget Deficit, CBO Says
(DBN)

Reid: Health care bill won't work for Nevada
(DBN)

Baucus Bill: Subsidies and a ‘Young Invincible’ Plan
(DBN)

Revenue Seen Not Adding Up to Fees
(DBN)

______________

Ratings Agencies:

Moody's, S&P May Face More Disclosure, Liability in SEC Rules
(DBN)

California Will Investigate Rating Companies' Role in Crisis, Brown Says
(DBN)

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Radio:

Sirius: 91% Chance of NOT Going Bankrupt
(DBN)

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Personal Finance:

Consumer Credit Squeezed in New Economy
(DBN)

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Hockey:

In front of few, Coyotes take ice
(DBN)

Glendale siding with NHL's bid
(DBN)

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Finance:

Return of High-Yield Debt Raises Concerns
(DBN)

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Private Equity:

What The PE Industry Got Wrong
(DBN)

On Loan-To-Own: PE Pros Are Slow-Moving, Distressed Debt Investors Are Gunslingers
(DBN)

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Corporate Reform:

Volcker Renews Call for Limits on Systemically Important Banks
(DBN)

Treasury Seeks Consumer Allies for Wall Street Revamp
(DBN)

If banks behave, Obama's watchdog agency shouldn't scare them
(DBN)

Fed Expands Reach To Cover Subprime Lenders
(DBN)

SEC Taps Derivatives Expert for New Division
(DBN)

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Arbitration:

National Arbitration Forum Faces Lawsuit
(DBN)

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Municipalities:

Christie: NJ heading 'towards bankruptcy '
(DBN)

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Lehman:

Was Barclays's Lehman Deal a Little too Sweet?
(DBN)

Lehman Specter Shadows Partners
(WSJ: separate paid subscription required)

______________

Accounting:

Profession is failing to attract graduates
(DBN)

Ex-KPMG director jailed for fraud
(DBN)

Deloitte Will Not Hold Your Hair Back While You're Worshipping the Porcelain God
(DBN)

PwC Is Sick of You Not Passing the CPA Exam
(DBN)

E&Y Is Making Good on its Promise to The 2nd Year Associates
(DBN)

Rumor Mill: KPMG Layoff D Days
(DBN)

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UK:

Lehman administrators call for US-style rules in UK insolvency
(DBN)

A year on and we're still learning from Lehmans
(DBN)

U.K. Retail Sales Growth Unexpectedly Stalls as Shoppers Reduce Spending
(DBN)

Insolvencies will rise next year
(DBN)

Darling right to crack the whip on “living wills” for banks
(DBN)

Growth holds the key to reversing Britain's fiscal ruination
(DBN)

UHY Hacker Young completes 35 year insolvency
(DBN)

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EU:

Europe's farmers dump milk to protest low prices
(DBN)

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Canada:

Canada July Factory Sales Rise Fastest in 11 Years on Auto Production
(DBN)

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Ireland:

Ireland to Pay 54 Bln Euros For "Bad Bank"
(DBN)

Ireland to buy banks' dud loans at 30 pct discount
(DBN)

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India:

Bankruptcy code may hit finmin wall
(DBN)

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Japan:

Bank of Japan May Keep Rate at 0.1% as Recovery Loses Steam
(DBN)

Japan's new finance head faces tough economic road
(DBN)

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Germany:

Arcandor Jumps on Speculation Shares Aren't Worthless
(DBN)

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Iceland:

Ireland to Pay EU54 Billion for Banks' Risky Loans
(DBN)

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Middle East:

‘Never Go Bust’ Families Mean End of Easy Credit
(DBN)

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