September 18, 2009

The Daily Bankruptcy News

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Law:

BigLaw Firms Offer Big Idea: Forget About the Billable Hour
(DBN)

Mayer Brown and Reed Smith to Roll Out Fixed-Fee Plans for Corporate Clients
(DBN)

O’Melveny Aims to Become Fixed-Fee Leader, Leaked Plan Says
(DBN)

O'Melveny & Myers: Martin Luther of Law Industry, Which Will Also Implement Manifesto
(DBN)

Is the Billable Hour Dying?
(DBN)

Why Clifford Chance needs to remember its own lessons
(DBN)

Appearing on the Silver Screen Friday: Kirkland's James Mutchnik
(DBN)

$7.5 Million Offer Could End Heller Employees' Suit
(DBN)

Could The Am Law 100 Become The Am Law 10?
(DBN)

Law Firms' Pursuit of Bank Business Still Going Strong One Year After Lehman's Collapse
(DBN)

Ex-GC Sues McAfee, Accuses Howrey and Wilson Sonsini of Complicity in 'Project Shield'
(DBN)

2000-Whine: First Quarter Billables, Profits Were Awful for Some BigLaw Firms
(DBN)

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

UK top 10 suffer steep Q1 fee income drop as slowdown hits biggest firms hardest
(DBN)

Organizations Helping Deferred Associates Transition to Public Interest Placements
(DBN)

S&C vs. Harvard and the Relevance of NALP's 45-Day Rule
(DBN)

With or Without You
(DBN)

MetLife, Class Present Final Arguments to 2nd Circuit on Disqualification of Debevoise
(DBN)

Could Rakoff's Ruling Cost BofA's Shareholders More Than $33 Million?
(DBN)

Post-Stoneridge, Congress Revisits Securities Fraud
(DBN)

Judge Strikes DuPont Defenses in $60M Benlate Litigation Due to Discovery Fraud
(DBN)

MegaFirm, MiniManagement?
(DBN)

With Subpoenas, Cuomo Throws Himself in BacMer Imbroglio*
(DBN)

Is Rudy Giving Up Before He Begins?
(DBN)

Rainmaking: Its Not Just for Old Guys Anymore
(DBN)

Biglaw Perk Watch: Clifford Chance’s Lingerie Allowance?
(DBN)

Law Firm Allows Full-Time Parenting in the Workplace
(DBN)

Firm Closing Office and Laying off 60
(DBN)

Shoosmiths asks all staff to take pay cut
(DBN)

Amici Request En Banc Review of Standards on Fee-Splitting
(DBN)

Legal Rebels Tour ‘09 Roundup: Week 1
(DBN)

Ex-Employee Pleads in $1M Law Firm Fraud and Fire
(DBN)

New York State Bar Association Listserv Madness
(DBN)

Ethical Like a Fox
(DBN)

Monica Goodling, Vindicated
(DBN)

Orly Taitz - Now That Her 15 Minutes of Fame Is Up, Will She Be Disbarred?
(DBN)

How hilarious is this shovel-wielding lawyer guy?
(DBN)

______________

Judges:

With Larson's Resignation, Judicial Pay Back in the News
(DBN)

Judge Stephen G. Larson Resigns Because Judges are Underpaid (But Are They Really?)
(DBN)

Is Sotomayor’s ‘Corporations Aren't People’ Comment a Harbinger?
(DBN)

Nobody Puts Sonia Sotomayor in a Corner
(DBN)

No New Trial for Texas Man, Despite Judge/Prosecutor Affair
(DBN)

Merrill Bonus Judge Called Stickler on Transparency
(DBN)

Clerkship Application Season: D-Day
(DBN)

Peering Into The Crystal Ball for Obama’s Judicial Picks
(DBN)

Calif. Judges, Attorneys Work Through Court Closures
(DBN)

Judge Suspended for 6 Months for Sending Clients to His Own Lawyer
(DBN)

Signatures on orders filed in cases involving accused lawyer aren't mine
(DBN)

Lawyer shoots judge in court
(DBN)

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Wall Street:

US stock futures signal dip
(DBN)

European and Asian Stocks Pause After Rally
(DBN)

BlackRock's Fink Seeks to Cut 'Billions' in Wall Street Fees
(DBN)

U.S. Proposes Ban on ‘Flash’ Trading on Wall Street
(DBN)

Irrational exuberance retakes market psyche
(DBN)

U.S. companies end their 7-year stock buyback binge
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

US jobless claims decline 12,000 in latest week
(DBN)

Harris Sees 'Severe Bleeding' in US Labor Market
(DBN)

Philly set to layoff 3,000 city workers
(DBN)

Phila. avoids layoffs after Senate OKs bill
(DBN)

Michigan anticipates the layoffs of 52,000 employees by October 1
(DBN)

Morley Companies to lay off 100
(DBN)

About 400 Nortel employees in Canada could lose jobs in Avaya sale
(DBN)

Michigan Sings the White-Collar Blues
(DBN)

Unemployment Hits 10.3% in New York City
(DBN)

______________

Gambling:

Fontainebleau: Bank no longer 'seeking to destroy' project
(DBN)

______________

 

 

Economy:

US Initial Jobless Claims Fell to 545000 Last Week
(DBN)

Philly Fed factory index stronger in Sept.
(DBN)

Household Net Worth in US Increases by $2 Trillion
(DBN)

US financial probe panel aims at crisis "antidote"
(DBN)

Ready for a Bounce in the Economy?
(DBN)

Rising Debt May Cause Sun to Set on US Economy
(DBN)

The Great Recession: Charting the Road to Ruin
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

US housing construction, permits rise
(DBN)

Single-Family Housing Starts in US Decline 3%
(DBN)

Option ARMs To Wreak More Havoc
(DBN)

Toll's CEO Sells More Stock; Analyst Sees Housing Trouble Ahead
(DBN)

Mortgage Rates in US Decline to Lowest Since May
(DBN)

Commercial-Mortgage Bond Risk Falls on Rule Changes
(DBN)

Fed Program to Aid Commercial Real Estate Slow to Produce Deals
(DBN)

Sold! Bernie Madoff Beach House Goes to Contract at $8.75 Mil +
(DBN)

Indictment Issued and Plea Entered in Property Sale Cited in Trump Lawsuit
(DBN)

Kirk Corp. rebuffed bank's offer to fund liquidation, company says
(DBN)

Bankruptcy in Potomac
(DBN)

Impostor Clients Land Attorneys in Hot Water
(DBN)

_____________

Ratings Agencies:

Brown Puts Credit Agencies on Hot Seat Over Securities Crisis
(DBN)

______________

Accounting:

Accountants Misled Us Into Crisis
(DBN)

It Pays to Mind the GAAP Gaps
(DBN)

Is the Era of Work/Life Balance Over?
(DBN)

Rumor of the Day: E&Y Considering Coal in Your Stocking
(DBN)

Rumor Mill: KPMG Making Pay Freeze Announcement?
(DBN)

______________

Delivery:

FedEx 1Q net income falls 53%
(DBN)

______________

Fraud:

One Down, Two to Go: Madoff Beach House Sells
(DBN)

Who Bought Bernie Madoff's Beach House?
(DBN)

SEC Failure To Expose Madoff Fraud Seen Snagging D&O Claims
(DBN)

SoCal pastor sued for fraud, cheating parishioners
(DBN)

'This isn't Bernie Madoff,' judge says in sentencing Palm Beach socialite on bankruptcy, mortgage and tax fraud charges
(DBN)

House Votes 345-75 to Ban Federal Grants to Acorn
(DBN)

On the Lookout for Stimulus Fraud
(DBN)

______________

Chemicals:

Senior creditors finally get a consolation prize
(DBN)

______________

Celebs:

Guy Filed For Bankruptcy
(DBN)

______________

Ratings:

S&P May Cut $578 Billion of Corporate Debt Securities
(DBN)

______________

Corporate Reform:

As New Panel Probes Financial Crisis, Why Is Perp Walk Seldom Seen?
(DBN)

______________

Baseball:

Ex-Chicago Cub Shawon Dunston sends handwritten letter to Bankruptcy Court seeking college tuition money
(DBN)

______________

Media:

Media Rules Complicate Restructurings
(DBN)

______________

Food/Drink:

Pilgrim's Pride files Chapter 11 plan
(DBN)

______________

Credit Reporting:

Hidden Culprit in Financial Crisis
(DBN)

______________

Adoptions:

Parents asked to bail out failed adoption agency
(DBN)

______________

Defaults:

Forty percent of U.S. junk bonds to default by 2013
(DBN)

______________

Health Care:

Forum Lenders Hold Off on Executing Disposition Plan for Northside Hospital
(DBN)

Should Americans Be Forced to Get Health Care?
(DBN)

Democrats Assail Baucus Plan for Insurer Tax, No Public Option
(DBN)

Angry doc: Get the profit out
(DBN)

Federal Health Jobs Outpay Cabinet Posts
(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)

______________

Mass Torts:

Lawyer Accused of Asbestos Fraud Wins Summary Judgment
(DBN)

W.R. Grace beat the biggest criminal environmental prosecution yet by hanging tough with its employees.
(DBN)

______________

Finance:

Record Fall In Lending to Businesses In July
(DBN)

As Riches Fade, So Does Finance's Allure
(DBN)

______________

Autos:

American Axle lenders pact staves off bankruptcy
(DBN)

Fiat/Chrysler CEO Is Not an Optimist
(DBN)

Chrysler-Fiat Merger to Be 'Exceptionally Difficult,' Lutz Says
(DBN)

Hecker focus of federal grand jury
(DBN)

Dealers indicate Penske close to buying Saturn
(DBN)

______________

Student Debt:

US House Approves Obama Plan to End Student-Loan Subsidies
(DBN)

Bill Upends System for College Loans
(DBN)

Why Student Loan Reform is Essential
(DBN)

______________

Compensation:

Former CEO Fights SEC's Bid to Claw Back $4 Million Under SOX
(DBN)

U.S. Bankers Face Sweeping Curbs on Pay
(DBN)

______________

Aviation:

Why Is American Airlines Rearranging the Deck Chairs?
(DBN)

Government 'cannot allow' JAL bankruptcy
(DBN)

Report: American Airlines in joint bid to help JAL
(DBN)

______________

M&A:

Wall Street's Biggest Con Is M&A 'Advice'
(WSJ: separate paid subscription required)

______________

Banking:

Braking the Banks
(DBN)

Bank CEOs shouldn't have skipped Obama's speech
(DBN)

Banker Pay to Face Global Limits at G-20 Session
(DBN)

Swiss Bankers Back a Broad Withholding of Taxes
(DBN)

Swiss Stock Exchange Probes UBS
(DBN)

Barclays Fights To Reach the Elite
(DBN)

WaMu Part II? (Wells Fargo)
(DBN)

Ex-Morgan Stanley banker jailed for 7 years in HK
(DBN)

______________

Hedge Funds:

Fewer funds shut down in second quarter, HFR says
(DBN)

______________

Credit Cards:

Discover Financial's 3Q profit more than triples
(DBN)

Credit Card Charge Offs Increased in August
(DBN)

Retailers Ready for Fight on Credit-Card Fees
(DBN)

______________

Newspapers:

Star Tribune to exit bankruptcy
(DBN)

Publisher Chris Harte's good-bye letter to Star Tribune employees
(DBN)

Star Tribune's lenders to own company, name publisher
(DBN)

Tribune Co. creditors plan to join forces to investigate possible 'fraudulent conveyance': Single probe likely of Sam Zell's 2007 deal to take Tribune Co. private
(DBN)

______________

Retailing:

Ikea Has Slowest Sales Growth in More Than a Decade
(DBN)

Bankruptcy judge confirms Boscov plan
(DBN)

______________

Hockey:

Coyotes owner wants judge to intervene against NHL
(DBN)

______________

UK:

Regulators unveil blueprint for failing banks
(DBN)

UK Recession May End In Months
(DBN)

______________

Canada:

Feds toughen bankruptcy rules
(DBN)

______________

Germany:

Angela Merkel shrugs off criticism of GM deal
(DBN)

______________

China:

Recovery Picks Up in China as U.S. Still Ails
(DBN)

______________

Hong Kong:

Hong Kong Aug bankruptcies rise 33 pct yr/yr
(DBN)

______________

 

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