September 30, 2009

The Daily Bankruptcy News

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Law:

Survey Shows Summertime Blues for Summer Associates
(DBN)

Debevoise & Plimpton Recaptures Role in $8 Billion Litigation
(DBN)

How Some Pennsylvania Firms Compensated for the Bad Economy
(DBN)

Summer Associates Report Fear, Anxiety and Lots of Food
(DBN)

Competition for Government Jobs Heats Up
(DBN)

The Future of the AmLaw 200
(DBN)

Welcome to the Future: It's all about Quality
(DBN)

Telecommuting - It's time for law firm leaders to face facts
(DBN)

Missing an Ex
(DBN)

Jail’s a Bummer, Allen Stanford Finding
(DBN)

Title Search: Returning to BigLaw, Ex-SEC GC Gets Unique Rank
(DBN)

Kirkland & Ellis launches banking practice; hires lawyer from Barack Ferrazzano
(DBN)

Clerk Wins $4.9 Million Malpractice Verdict Against Firm That Settled Her Malpractice Case Against Rival
(DBN)

Clients Sued by Firms for Fees Retaliate With Malpractice Suits
(DBN)

Former Paul Hastings Tax Associate Spared Prison for Insider Trading
(DBN)

Bryan Cave off Hook in $16 Million Suit Alleging Concealment of Client Fraud
(DBN)

Tales of the Recession's Effect on the Legal Profession
(DBN)

'New Formulation' on Conflicts Returns Debevoise to $8 Billion MetLife Case
(DBN)

Big Law's foreign offices a pretty good hedge
(DBN)

Attention Denver 3Ls: Maybe You Can Help Folsom Help Zazi!
(DBN)

The Zazi Case: A Big Client for a Small-Time Lawyer
(DBN)

Appeals court dismisses Dan Rather's suit vs. CBS
(DBN)

Weil Gotshal Wins Dismissal of Dan Rather's Suit against CBS
(DBN)

Federal Judge Nixes $390M Jury Verdict in Microsoft Patent Case
(DBN)

Roman Polanski’s Lawyers Reportedly Provoked His Arrest
(DBN)

Summer Associate Report: ‘The economic times suck.’
(DBN)

Lawyer Gets Money, Gets More Money, Impersonates Lawyer
(DBN)

On Marc Dreier
(DBN)

Marc Dreier: Now This is a Sense of Entitlement
(DBN)

Fake It ‘Til You Break It
(DBN)

Stanford Law Graduate Turned Prostitute Gets Home Detention
(DBN)

The strangest legal story in a long time, if not ever
(DBN)

Why Medical Malpractice Is Off Limits
(DBN)

Trial Lawyers Lobby in Trouble?
(DBN)

The Word ‘Matters’ Apparently Matters in Law Firm Taglines
(DBN)

Say What?!
(DBN)

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Judges:

Federal Judge Who Announced Intent to Resign Over Pay to Join Plaintiffs Firm
(DBN)

Court replaces judge in Chevron pollution case
(DBN)

Judge of the Day: Kevin P. Moriarty
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

Drop in Consumer Confidence Weighs on Stocks
(DBN)

A Day of Wandering Ends Lower on Wall Street
(DBN)

Unknown Terror Keeps Goldman Sachs Employees Silent
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

YRC Worldwide Cuts More Jobs
(DBN)

400 Hawaii workers will lose their jobs
(DBN)

Consumer Confidence in U.S. Unexpectedly Declines Amid Rising Unemployment
(DBN)

Suicides in France Put Focus on Workplace
(DBN)

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Food/Drink:

Jolt Cola maker files for bankruptcy protection
(DBN)

Jolt Cola Looks to Recharge In Bankruptcy
(DBN)

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Accounting:

Police raid E&Y's HK office in Akai enquiry
(DBN)

New York CPA Firms' Employment Down 7%
(DBN)

KPMG Wants to Make Sure New Associates Are Comfortable
(DBN)

Deloitte Passes on the Opportunity to Admit Mistakes
(DBN)

Dear PCAOB, Are You For Real?!
(DBN)

Global standards 'imperative' - E&Y chief
(DBN)

Bean Counter Art: The Big Four Accountant
(DBN)

PwC India Auditors Found Guilty of Professional Misconduct
(DBN)

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Debt Collection:

Green Tree Servicing And Tough Collection Practices. Is It Justified?
(DBN)

Debt Collector's "Abusive" Calls Caught on Tape
(DBN)

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Finance:

CIT jumps 13% on report of possible IndyMac tie-up
(DBN)

CIT's future in question ahead of lender meeting
(DBN)

CIT Could Be Turned Over to Bondholders
(DBN)

Citi and Barclays Offer CIT Financing, Report Says
(DBN)

CIT in talks for loan of up to $10 billion
(DBN)

No truth to CIT-IndyMac merger talk: source
(DBN)

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Economy:

Consumer Confidence Index falls
(DBN)

Officials: Fed will need to boost interest rates quickly
(DBN)

IMF Cuts Forecast for Global Losses to $3.4 Trillion
(DBN)

Survey: Recession Not Over For Many Business Owners
(DBN)

More Economic Indicators: Animal Abandonment, Backyard Gardens, Cancelled EZ Pass
(DBN)

US Income Gap Widens As Poor Take Hit in Recession
(DBN)

Top 5: Biggest Losers of 2009
(DBN)

What to Expect from The Postrecession Economy
(DBN)

What Explains the ‘Mancession?’
(DBN)

Volcker Says Rise of China Underscores Decline in U.S. Economy, Leadership
(DBN)

Chinese, Japanese factories ramp up output
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Home Prices Rebound as Tax-Credit Expiration Looms
(DBN)

Home Prices Increase by Most Since 2005
(DBN)

Looking for Home Price Bottom in the Rear View Mirror
(DBN)

Fannie and Freddie Delinquencies Move Into Uncharted Territory
(DBN)

No Money Down!
(DBN)

Debtor's Prison Holds No Place for Kent Swig: A Bankruptcy Case Study
(DBN)

Freddie mac delinquency rate hits record high
(DBN)

Should the Home-Buyer Tax Credit Be Allowed to Expire?
(DBN)

Fed Held Back as Evidence Mounted on Subprime Loan Abuses
(DBN)

Countrywide's Destroyed Phone Logs Prompt Calls for More Info
(WSJ: separate paid subscription required)

Reader's Digest Wants 100K Feet
(DBN)

Real Estate Lawyer 'Stacked' Mortgages on Family Homes, Prosecutor Says
(DBN)

Countrywide Phone Calls Add to Din Over Loans
(WSJ: separate paid subscription required)

Summer Houses: More Sales, Lower Prices
(DBN)

Foreclosure blight: The cleanup crawls along
(DBN)

Imperiled Realogy taps Icahn
(DBN)

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Banking:

How the feds are collecting billions in fees from bailed-out banks
(DBN)

FDIC says bank failures to cost around $100B
(DBN)

FDIC asks banks for help
(DBN)

Banks to Prepay Assessments to Rescue FDIC
(DBN)

Bank of America, Major Banks' FDIC Premiums May Top $10 Billion
(DBN)

FDIC Paints Terrifying Picture Of Bank Health
(DBN)

Bank-Bailout Fund Faces Years in Red as Failures Jolt System
(WSJ: separate paid subscription required)

Bankers: FDIC plan may not suffice
(DBN)

Key Points on FDIC Proposal for Prepayment of Fees
(DBN)

Is a “Too Small to Bail” banking system better?
(DBN)

Bair bites banks
(DBN)

Banker-Pay Limits May Hurt Citigroup, Bank of America
(DBN)

So Banks Really Want to Help Customers? Here's What They Should Do
(DBN)

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Compensation:

Freddie Mac Offers New CFO Huge Pay Package
(DBN)

New Pay Rules Could Kill Ailing Banks
(DBN)

Is lavish CEO pay on the way out?
(DBN)

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Radio:

Restructuring an Industry: Is Anyone Listening?
(DBN)

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Wind Energy:

Wind turbine company gets reprieve
(DBN)

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Lehman:

Lehman Escalates Sale Fight
(DBN)

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Retailing:

Credit limits, self-discipline threaten holiday sales
(DBN)

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Corporate Reform:

I.M.F. Calls for Restructuring of Financial System
(DBN)

SEC Watchdog Pushes Changes After Failure to Detect Madoff Fraud
(DBN)

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Newspapers:

Star Tribune's exit from bankruptcy no comfort to Strib workers
(DBN)

Newspapers finally have some good news
(DBN)

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Credit Cards:

Fed Proposes Rules on Credit Cards
(DBN)

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Pensions:

Pensions in Pain: New Treatments for a New Time
(DBN)

73% of multiemployer pension plans underfunded: Study
(DBN)

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Telecoms:

FairPoint teeters on bankruptcy
(DBN)

FairPoint's lenders give it time for a possible restructuring
(DBN)

Nortel's final folly
(DBN)

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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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Bankruptcy Statistics:

Chapter 11 Business Bankruptcies Down 14%
(DBN)

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Exemptions:

NACBA Brief on Supreme Court Exemption Case
(DBN)

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Aviation:

Surviving airline bankruptcies
(DBN)

‘Clear’ Security Service May Return at Airports
(DBN)

Japan Airlines Will Continue to Get Government's Help
(DBN)

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Mass Torts:

Asbestos Plaintiff's Lawyers Ask W.R. Grace Bankruptcy Court to Order that Its Findings - on Solvency - Do Not Matter In any Other Forum
(DBN)

Some litigation-created asbestos trusts "engage in transactions of a type the IRS deems dubious
(DBN)

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Fraud:

Big Law Firms Face Legal Malpractice Suits Over Unraveling Ponzi Schemes
(DBN)

The Madoff Exiles
(DBN)

How to Catch the Next Madoff
(DBN)

Goodbye Conroe, Hello Houston: Stanford Gets New Digs
(DBN)

Stanford beats system
(DBN)

Stanford slapped by judge
(DBN)

More Hot Water for Le-Nature’s Executives
(DBN)

Bank of America Withdraws Support for ACORN
(DBN)

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Health Care:

Drowning in $279,721.14 in hospital bills and insurance won't pay
(DBN)

Recessions may be good for your health
(DBN)

Regulators object to Sunwest proposal
(DBN)

______________

Non-Profits:

Recession Delivers a Double Blow to Many Charities
(DBN)

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Hotels:

Starwood-Led Group Raises the Extended Stay Stakes
(DBN)

______________

Celebs:

Even RoboCop has to pay taxes
(DBN)

Boxer Mayweather and the IRS are even-steven
(DBN)

______________

Autos:

Resentment Lingers in Congress Over Auto Dealership Cuts
(DBN)

73% of multiemployer pension plans underfunded: Study (DBN)
(DBN)

The forced sale of Opel to Magna defies both industrial logic and European rules
(DBN)

Ottawa ends guarantee program for auto warranties
(DBN)

Japan new vehicle sales fell 3 pct in Sept
(DBN)

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Motorcycles:

Bankrupt Vectrix to sell assets for $5M
(DBN)

______________

Personal Bankruptcy:

10 Things Bankruptcy Court Won't Tell You
(DBN)

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Oil/Gas:

SemGroup fallout detailed
(DBN)

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Gambling:

Investors gobble up debt of troubled casinos
(DBN)

Wilbur Ross looking at casino sector
(DBN)

Bankruptcy hearing resumes for Station Casinos
(DBN)

______________

UK:

Payment performance improves in August among British businesses
(DBN)

U.K. Economy Shrank 0.6% in Second Quarter, Less Than Previously Estimated
(DBN)

UK banks tell govt to count cost of "living wills"
(DBN)

UK's Biggest Banks Probed Over Tax Issues by FSA
(DBN)

______________

EU:

Trichet Says It's Too Early to Withdraw Stimulus, Declare the Crisis Over
(DBN)

Europe Confidence in Economic Outlook Rose to a 12-Month High in September
(DBN)

______________

Italy:

Italian September Business Confidence Falls on Slumping Consumer Spending
(DBN)

______________

Germany:

German Unemployment Rises; 'No Turnaround' in Sight
(DBN)

______________

Latvia:

Latvian retail sales plunge 30.3 pct
(DBN)

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