September 3, 2009

The Daily Bankruptcy News

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Law:

ABA Brief Says Lawyer Advice Shouldn't Be Restricted by Bankruptcy Law
(DBN)

The ABA Brief
(DBN)

The CLLA Brief
(DBN)

Plan B
(DBN)

Lock the Law School Doors
(DBN)

Layoff Watch: Sonnenschein Continues the September Push
(DBN)

Sonnenschein Makes More Cuts
(DBN)

Layoff Watch: Kirkland Closes Down 20 NY Associates
(DBN)

No Offer Watch: Dorsey & Whitney Brings More News From the Upper Midwest
(DBN)

Layoff Watch: Quarles & Brady
(DBN)

Counting Up Baker Botts' Lawyers
(DBN)

Partners In, Associates Out At Cooley Godward
(DBN)

No Offer Watch: At Least Pepper Hamilton Breaks 50%
(DBN)

Disbarred NYer and Ponzi Scheme Embroil BigLaw Firm in Malpractice Fight
(DBN)

In Law Firm Divorce, Who Gets the Kids, Er, Clients?
(DBN)

Your Thoughts on Work-Life Balance
(DBN)

Are Law-School Applicants Like 'Gatsby's Revelers?'
(DBN)

As BigLaw Leader Leaves to Huddle With NFL Stars, How Will His Firm Replace Him?
(DBN)

Retirement Ruled Wrongly Imposed on In-House Counsel
(DBN)

Ropes & Gray Leads on Pfizer's Record Settlement
(DBN)

Pfizer Whistleblower's $51.5M Payday Could Spark More Qui Tam Suits
(DBN)

Distinguished Legal Career Grows Out of Rural Texas
(DBN)

Lovells secures insolvency boost with French referral deal
(DBN)

No Double Trouble at All: Lawyer Represents Both Parties in Sale, Is Sued by Both, Wins
(DBN)

Friending a Naive Adverse Witness for Info Could Violate Ethics Rules
(DBN)

Career Center: News You Can Use, for Fall Recruiting
(DBN)

Proffered opinion from Texas lawprof does not suffice to save big fees
(DBN)

Running SueEasy Turned Out to Be Not So Easy
(DBN)

Alberto Gonzales the opera
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Retirement Watch: Justice Stevens?
(DBN)

Chilly Judge Concedes She Needs to Stay Cool
(DBN)

Judge Accused of Bias for Dig About Cigar-Smoking, Latte-Drinking Lawyer
(DBN)

Chevron Video Posted on YouTube Was Doctored, Accused Judge Says
(DBN)

After Striking Out With Ginsburg, Attorney for Catholic Diocese Tries Scalia
(DBN)

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Wall Street:

Futures Climb Out of Rut
(DBN)

Stocks Book Fourth Straight Drop
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Private sector sheds 298000 jobs in August: ADP
(DBN)

Planned layoffs, actual job cuts declining
(DBN)

Detroit mayor eyeing Sept. 26 for city layoffs
(DBN)

Recession Fallback: Jellyfish Business
(DBN)

Job scams growing in sour economy
(DBN)

Under-40 work force struggling more than ever
(DBN)

A Reluctance to Retire Means Fewer Openings
(DBN)

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Autos:

The old GM garners some interest
(DBN)

Del. Chrysler site on fast track for auction
(DBN)

Investors use debt to buy auto suppliers, experts say
(DBN)

GM Board Said to Study Opel Options Before Next Week
(DBN)

Cooper-Standard borrowing OK'd
(DBN)

German Plans for GM's Opel Go Awry
(DBN)

RHJ plays cool hand in Opel bidding
(DBN)

Germany Rejects RHJ's Improved Bid for GM's Opel, Backs Magna
(DBN)

Buy-out group eyes Ssangyong
(DBN)

France threatens boycott on US auto firm over plant closure
(DBN)

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Newspapers:

Freedom wins motions to keep operating in Ch. 11
(DBN)

Freedom: Ch. 11 reorg should take just few months
(DBN)

Court gives preliminary OK to Claremont newspaper sale
(DBN)

Hedge Fund Taps Media Vets to Lead Creative Loafing
(DBN)

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Apparel:

New Hartmarx names new president, COO
(DBN)

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Hockey:

Save the Coyotes? Not on Taxpayers’ Dime.
(DBN)

Coyotes bankruptcy theater is flat
(DBN)

NHL asks judge to scrap Balsillie bid
(DBN)

NHL Doesn’t Trust Balsillie to Own Team, Judge Told
(DBN)

Judge: Balsillie should consider extending deadline
(DBN)

Balsillie agrees to only some games in Hamilton
(DBN)

Key ruling looms in Coyotes bankruptcy
(DBN)

Balsillie shows up for crucial hearing
(DBN)

Owners examined making pitch to purchase the Coyotes
(DBN)

NHL would pay creditors: lawyer
(DBN)

Judge in Coyotes case biding time as season nears
(DBN)

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Economy:

July Factory Orders Up 1.3%
(DBN)

Factory orders rise less than expected in July
(DBN)

Companies Cut More Jobs Than Forecast in August
(DBN)

ADP Jobs Data Boost Consumer-Spending Fears
(DBN)

Stimulus saves construction jobs: House panel
(DBN)

Iowa a leader in using stimulus dollars
(DBN)

Further evidence points to recession bottoming out
(DBN)

G20 Seek Coordinated Exit Strategies
(DBN)

US companies borrow, stockpile cash as rates fall
(DBN)

Consumers more confident, still not spending
(DBN)

Gen. Y: The "entitlement generation' gets a rude awakening in the recession
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Hearing on Kirk bankruptcy plan delayed
(DBN)

Mortgage Bankers Push for Federal Loan Guarantee
(DBN)

U.S. mortgage applications slip, loan rates dip
(DBN)

Berkshire Enters Deal With Capmark as Lender Weighs Bankruptcy
(DBN)

Perkins Rowe in financial hot water
(DBN)

Fed Considered Extending End-Date for MBS Purchases
(DBN)

Berkshire, Leucadia Form Venture to Buy Capmark Mortgage Assets
(DBN)

Extreme Makeover Sequel: Another 'Dream Home' Listed for Sale
(DBN)

Assets of Bankrupt Developer R.W. Hertel May Go to Creditors
(DBN)

Workouts And Lender Liability
(DBN)

Feral Houses
(DBN)

Caruso Homes on track to emerge from bankruptcy protection
(DBN)

Hovnanian Posts a Narrower Loss
(DBN)

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Corporate Reform:

CFTC: 'No sacred cows' in harmonizing swap rules with SEC
(DBN)

CFTC's Approach Is Best for Derivatives, Brodsky Says
(DBN)

SEC, CFTC cautious amid calls to end turf war
(DBN)

SEC, CFTC coordination worries exchange chief
(DBN)

Crackdown on deals seen at both FTC and DoJ
(DBN)

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Retailing:

Retailers Report Sales Declines for August
(DBN)

Samsonite retail unit files for bankruptcy
(DBN)

Costco August same-store sales fall 2 percent
(DBN)

Retailers play defense, thin inventory
(DBN)

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Gambling:

Judge delays key part in Station bankruptcy case
(DBN)

Lenders want study on Station's rejection of Boyd, other issues
(DBN)

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Municipalities:

Jefferson County to take new look at bankruptcy
(DBN)

Alabama's Jefferson County seeks bridge loan
(DBN)

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Ethanol:

Nebraska Ethanol Plant to be Auctioned
(DBN)

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Lehman:

The Lehman 'undertaker' who takes a real delight in his work
(DBN)

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Politics:

Congress's Rating in US Drops to 24-Year Low
(DBN)

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Oil/Gas:

Talisman Energy Says Needs Oil Prices of at Least $60 a Barrel
(DBN)

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Insurance:

Inventing a Future for AIG
(DBN)

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M&A:

The Bright Side of an M&A Bottom: Fees Can Only Go Up, Right?
(DBN)

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Health Care:

Pfizer to Pay Record $2.3B, Subsidiary to Plead to Felony in Drug Marketing Case
(DBN)

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Accounting:

Billion-dollar lawsuit could destroy top accountancy firms
(DBN)

Lawsuit to Turn on Fair-Value Feud?
(DBN)

Crowe Horwath Offers Chapter 11 Services
(DBN)

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Pensions:

US Airways pilots union sues pension agency
(DBN)

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Food/Drink:

Reported Brazilian suitor for Pilgrim's Pride denies any takeover
(DBN)

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Finance:

CIT Still Likely to Dodge Bankruptcy
(DBN)

Daimler Said to Offer 160 Basis-Point Spread for Loan
(DBN)

TALF data point to improved loan outlook
(DBN)

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Mail:

Postal Service Considering Closing 413 Post Offices
(DBN)

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Celebs:

Which One Of You Is Lenny Dykstra's White Knight?
(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)

This Week's Poll:

Rank and file employee claims for unpaid wages should receive a priority in assets above secured creditors

Click here to vote and click here to see results

Last Week's Poll Results (Are bankruptcy lawyers compensated at market rates?)

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Bankruptcy Statistics:

US consumer bankruptcies up 24 percent in August
(DBN)

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Mining:

Asarco Gets Closer to Chapter 11 Exit
(DBN)

Why does Grupo Mexico want Asarco so badly?
(DBN)

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Fraud:

SEC investigation: We missed Madoff
(DBN)

SEC Never Took 'Competent' Look at Madoff's Firm, Report Finds
(DBN)

A First Look at the Big Ol' Madoff SEC Report
(DBN)

Madoff Files: A Chronicle of SEC Failure
(DBN)

False prophet, false profits?
(DBN)

Stanford Receiver Defends Fees After SEC, Investors Protest
(DBN)

Sir Allen's Bellagio problem
(DBN)

'Shi'ite Bernard Madoff' held in custody in Lebanon
(DBN)

Feeling Minnesota? Dreier Heads to Sandstone, 'A Fine Place to Be'
(DBN)

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Compensation:

Bank CEOs Paid More Than S&P 500 Chiefs, Study Shows
(DBN)

They Make What?! Bank Exec Pay Soars
(DBN)

Executive Pay Overshadows Pensions, the Details
(DBN)

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Mass Torts:

Promise of scrutiny could save asbestos defendants
(DBN)

Is Laser-Hair Removal the New Asbestos?
(DBN)

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Aviation:

Frontier Airlines' majority creditors approve its plan to emerge
(DBN)

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Banking:

White House to Propose Big Reserves at Banks
(DBN)

It's Ground Hog Day for the Nation's Top 50 Banks
(DBN)

Bailed-out bankers to get options windfall: study
(DBN)

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Private Equity:

How private equity profits at taxpayer expense
(DBN)

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Education:

Should College Resemble A Low-Cost Airline? Schools Tout Value Over Amenities
(DBN)

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Telecoms:

Nortel Talks on LG Venture Sale Advancing With Multiple Bidders
(DBN)

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Distressed Investing:

KKR Turns Vulture Investor as Distressed Debt Cheaper Than LBOs
(DBN)

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Hotels:

Hotel, 68% Off
(DBN)

Hilton owner's Detroit hotel closes
(DBN)

Hotel Stocks Set to Catch Swine Flu
(DBN)

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RVs:

Motorhome dealer owes nearly $18M
(DBN)

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UK:

Restructuring cases highlight subordinate risk
(DBN)

UK Services Index Climbs to Near Two-Year High
(DBN)

UK Insurers Drop on $113 Billion EU Capital Plan
(DBN)

Northern Rock's Mortgage Arrears Soar, S&P Reports
(DBN)

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EU:

OECD Sees Smaller G-7 Economic Contraction, 'Modest' Rebound
(DBN)

Euro-zone retail sales fall in July
(DBN)

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Italy:

Italy's Risanamento clears revamp plan after banks sign up
(DBN)

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China:

Deal Struck in China on Bankruptcy Test Case
(WSJ: separate paid subscription required)

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Cayman Islands:

UK paper: 'Cayman bankrupt'
(DBN)

Caymans’ dream run ending
(DBN)

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Ukraine:

Ukraine's Naftogaz struggles with debt amid losses
(DBN)

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Australia:

Australian Interest-Rate Increase Looms as Economy Accelerates
(DBN)

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Mexico:

Mexican Real Estate Empire Faces Woes
(WSJ: separate paid subscription required)

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