September 4, 2009

The Daily Bankruptcy News

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The Daily Bankruptcy News will not publish on Monday, September 7, 2009 due to the Labor Day holiday

Law:

Study: US Government Will Need to Go on Hiring Binge, Legal Jobs Included
(DBN)

ABA Slams Bankruptcy Code Provision
(DBN)

Kramer Levin, Dechert Lead Gyms Out of Bankruptcy
(DBN)

New software program poses threat to PACER
(DBN)

Third Time's the Charm: BigLaw Firm Swings the Ax Again
(DBN)

As Pay Cuts and Layoffs Abound, Some Associates Are Actually Getting Raises
(DBN)

Partner Emeritus, Meet Biff -- You Could Learn Something
(DBN)

Partner promotions down a third this year at top 50 UK law firms
(DBN)

$8B Suit Stalled as Members Press to Disqualify Debevoise
(DBN)

Partner Promotions at Top UK Firms Fell 33% Over Past Year
(DBN)

Bob Bennett Leaving Skadden for Hogan & Hartson
(DBN)

Bennett, Known for Media Savvy, Watches His Words
(DBN)

Firm Hasn't Paid Partners Profits Since November, Some Grumble About Lateral Moves
(DBN)

Kirkland Lays Off Associates in NYC, DC and Chicago
(DBN)

Sonnenschein Makes More Cuts
(DBN)

Drawing the Right Lessons from the Bleak Entry-Level Legal Job Market
(DBN)

Bryan Cave Offers Incoming Associates 'Go Away' Money
(DBN)

Lawyer Takes Fraud Suit Against Proskauer to Nevada
(DBN)

Heller Judge Orders Mediation Talks
(DBN)

Brockovich law firm felled by litigation
(DBN)

Firm With International Ambitions Gets Tougher on Partner Reviews
(DBN)

Study: The Better the School, the Less Happy the Associate
(DBN)

Client Sues BigLaw Claiming Shoddy Work, Inflated Bills
(DBN)

Pls Hndle Thx: The Wedding Braggers
(DBN)

Notes from the Breadline: We're All in this Thing Together (Walking the Line Between Faith and Fear)
(DBN)

Sheppard Mullin Potty Puddle Watch: Make sure to wipe the seat, ladies.
(DBN)

Bargain JDs
(DBN)

A Failure of Research: Posner on Law Professors and the Financial Crisis
(DBN)

ABA Should Publish Better Job Info for Naive Law Students, Prof Says
(DBN)

Hard Times Hit Newby Lawyers in Korea
(DBN)

Say What?
(DBN)

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Judges:

Female Lawyers with Masculine Names May Have a Better Shot at Judgeships
(DBN)

Supreme Court Retirement Watch: More on Justice Stevens
(DBN)

Trading a Wrench for the Bench
(DBN)

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Wall Street:

Stock futures signal gains; eyes on jobs data
(DBN)

US Stocks Gain as Retail Sales Beat Forecasts, China Rallies
(DBN)

Losing Streak Ends at 4 for Dow
(DBN)

AIG and Lehman Brothers are born again
(DBN)

New Masters of Wall Street
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

US jobless claims fall in latest week
(DBN)

1.3 million to lose jobless benefits by year's end
(DBN)

Finance Layoffs: M&I, Bank First National and more
(DBN)

UNC System schools announced plans to cut 900 administrative staff members
(DBN)

380 employees at the Maui Prince Hotel in Hawaii received layoff notices following the announcement of foreclosure proceedings against the hotel
(DBN)

Maui Prince Hotel not closing
(DBN)

TTM Technologies will cut its staff by 347
(DBN)

Layoffs toughest on workers young, older
(DBN)

Firms Fight Slump With Pro Bono Work
(DBN)

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Discovery:

Delaware Bankruptcy Judge Rules 2004 Exam Proper Even Though Four Adversary Actions are Pending
(DBN)

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Tax:

Taxman builds elite team to tackle Swiss evasion
(DBN)

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Exemptions:

Are You a Work Horse?
(DBN)

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Hockey:

Balsillie raises bid for Phoenix Coyotes to $242.5 mln
(DBN)

Balsillie pushed back Coyotes deadline, offers $50M to Glendale
(DBN)

Glendale city council to discuss Balsillie's new Coyotes proposal
(DBN)

Bettman rips idea for midseason Coyotes' move
(DBN)

Coyotes' ruling may be delayed
(DBN)

Balsillie lawyer spices up courtroom drama
(DBN)

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Consumer Debt:

Consumers With Good Credit Linked To 'Strategic Default'
(DBN)

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Derivatives:

Derivatives in Bankruptcy -- part 1
(DBN)

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Fraud:

Madoff's sons, brother may face civil charges
(DBN)

After Its Madoff Report, Can Victims Sue the SEC?
(DBN)

Bernie Madoff and the Unfortunate Consequences of Celebrity Bias
(DBN)

Madoff case may bring new whistleblower bounties
(DBN)

Congress to probe SEC's lapse on Madoff
(DBN)

Stanford has leg surgery
(DBN)

Stanford Investors, Unlike Madoff's, Won't Get Their Money Back From SIPC
(DBN)

Madoff Thought Jig Was Up in 2006, But SEC Didn't Check Trades
(DBN)

Accused of $74M Loan Fraud, Nemazee Did it Again - Twice, Prosecutors Say
(DBN)

Barry Stokes gets 12 years in $19 million swindle
(DBN)

Receiver named in BBC Equities case
(DBN)

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Banking:

Banks targeted by burned LBO investors
(DBN)

Buyer's remorse for Wells Fargo?
(DBN)

Deutsche Bank Chief Says Lenders Learned From Crisis
(DBN)

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Health Care:

Insured, but Bankrupted Anyway
(DBN)

Does the US Really Account for So Much Pharma Profit?
(DBN)

IRS would become Obamacare's enforcer
(DBN)

Bankruptcy court approves $5M sale of Oscient drug
(DBN)

Is Practicing Defensive Medicine Needlessly Costly?
(DBN)

The myth of American medical superiority.
(DBN)

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Art:

Affordable Art Keeps Gallery Afloat
(DBN)

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M&A:

Kraft's $16.7 Billion Cadbury Bid May Thaw Mergers
(DBN)

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Avoidance Actions:

Whitehall Jewelers Files Over 90 Preference Actions in Delaware Bankruptcy Court
(DBN)

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Economy:

More Americans Than Anticipated File Jobless Claims
(DBN)

What To (Really) Watch In The Jobs Report
(DBN)

US hiring outlook dips, better elsewhere: Manpower
(DBN)

Did the Stimulus Save the Economy?
(DBN)

Fed's Fisher Says U.S. Likely to See Prolonged Period of `Sluggish' Growth
(DBN)

Stiglitz Sees `Significant' Chance of Another Contraction in U.S. Economy
(DBN)

Clarium: recovery isn't sustainable
(DBN)

Barack Obama is committing the same mistakes made by policymakers during the Great Depression, according to a new study endorsed by Nobel laureate James Buchanan
(DBN)

China alarmed by US money printing
(DBN)

Stimulus Progress Bar: Spending Varies Greatly by Agency
(DBN)

Food stamp list soars past 35 million... New record; up 22 percent from June '08
(DBN)

Bailout Update: $393 Billion Outstanding
(DBN)

Geithner Pushes for Tough Global Capital Rules
(DBN)

G20 expected to discuss exit strategies
(DBN)

South Korea, Australia Say Early Stimulus Withdrawal May Derail Recovery
(DBN)

European Countries Call on G-20 to Tackle Bonuses
(DBN)

Turning Point for the Global Recession?
(DBN)

Gold Nears $1000 in London on Increased Demand for a Haven
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Judges' Frustration Grows With Mortgage Servicers
(DBN)

Saving homeowners - 1 at a time
(DBN)

Banks Report Troubled CRE Loans, REO Properties Reach $44.4 Billion
(DBN)

Fitch 'Concerned' with 17% of US CMBS Portfolio
(DBN)

Capmark Negotiating Mortgage Unit Sale to Stave Bankruptcy
(DBN)

Capmark May File for Bankruptcy After Quarterly Loss
(DBN)

Capmark's troubles show impact of commercial-property losses
(DBN)

Berkshire, Leucadia In Pact To Buy Capmark Mortgage Operations
(DBN)

Prices Rise 7% Nationwide
(DBN)

Tranche Warfare: Mezzanine Lenders Stepping Into Foreclosure Fray
(DBN)

SilverLeaf Expands Distressed Asset Purchases in Massachusetts
(DBN)

Shares fall sharply for Hovnanian Enterprises
(DBN)

Florida fund has black eye from Stuytown deal
(DBN)

Fannie/Freddie: Double, Double Mortgage Trouble
(DBN)

KKR’s Real-Estate Crisis
(DBN)

WCI Emerges from Chapter 11
(DBN)

Bankruptcy Judge Grills Wells Fargo Over Loan Modifications
(DBN)

Beware of This Distressed Homebuilder
(DBN)

LPS Sees Foreclosure Inventory Rise 89.6% from 2008
(DBN)

Lender sued over Lake Las Vegas loans
(DBN)

Reluctant Landlords Better Off Selling…Even at a Loss
(DBN)

Prime Jumbo Trouble: The Foreclosures Keep Coming
(DBN)

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Lehman:

PwC fine-tuning $100bn Lehman clawback claim
(DBN)

Lehman Leftovers Lift On Wave Of Speculation
(DBN)

The Death of Lehman: Closing in on One Year
(DBN)

How the collapse of Lehman Brothers pushed capitalism to the brink
(DBN)

Landing After Lehman
(DBN)

Not in the fuld
(DBN)

Fuld eyes moles in new book
(DBN)

Lehman failed due to communication breakdown
(DBN)

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Corporate Reform:

As CFTC and SEC meet, Schapiro OKs searing Madoff report--why now?
(DBN)

What About Forum Shopping?
(DBN)

Wall Street's CDS revenue grows as regulators debate
(DBN)

Can We Really Protect Consumer Finances?
(DBN)

Schumer eyes proposal to hike funding for post-Madoff SEC
(DBN)

Backdating News: Former Monster Exec. Gets Two Years
(DBN)

SEC, CFTC May Sharpen Rules on Market Manipulation
(DBN)

SEC May Send Staff to 'Fraud College' to Detect Future Madoffs
(DBN)

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Municipalities:

Detroit takeover viewed as last resort
(DBN)

The Lure and Limitations of Bankruptcy Restructuring for Municipalities
(DBN)

States Shut Down to Save Cash
(DBN)

Judge Refuses to Block R.I. Shutdown
(DBN)

Alabama's Jefferson County to extend debt deal
(DBN)

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Property Rights:

Thy neighbor's corn
(DBN)

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Personal Finance:

8 Recession Road Trip Games
(DBN)

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Newspapers:

Sun-Times closing Chicago-area printing press
(DBN)

Sun-Times Said to Be Reorganizing on Stalking-Horse Bid
(DBN)

Canada newspaper threatens to cease publication
(DBN)

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Distressed Investing:

Buyout Shops Pounce on Bankrupt Targets
(DBN)

The Four Questions of Distressed Investing
(DBN)

KKR targeting bankrupt companies
(DBN)

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Celebs:

Ex-Met Dykstra Accused of Taking $40,000 Stove After Bankruptcy
(DBN)

Dykstra Loses Control of His Bankruptcy Case
(DBN)

Lenny Dykstra Wiffs in Bankruptcy Case
(DBN)

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Bonds:

Bond rally should make investors nervous
(DBN)

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Student Debt:

Student Debt Grows Dramatically
(DBN)

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Private Equity:

Monthly PE-Backed Bankruptcy List: The Mega-buyouts Are Beginning To Crack
(DBN)

Lower Debt? More Flexibility? Sounds Great So Far
(DBN)

Big Buyout Firms Suffer Steep Pay Drops
(DBN)

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Property of the Estate:

8th Cir BAP Rules Social Security Proceeds Not Property of the Estate
(DBN)

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History:

Bankers, pawnbrokers, actors, jugglers, acrobats, quacks, and brothel keepers...in 16th Century Holland
(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)

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:

Business bankruptcies hold steady
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Mass Torts:

West Virginia judge announces intent to dismiss the case filed by CSX against a radiologist over faulty x-ray readings
(DBN)

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Autos:

Hayes Lemmerz wins nod on bankruptcy plan
(DBN)

Cooper-Standard wins final DIP nod
(DBN)

Judge Approves JL French Restructuring Plan
(DBN)

GM-Delphi deal drawing closer
(DBN)

The power behind the throne at GM
(DBN)

International auto practice launched by CB Richard Ellis specializing in auto dealership real estate
(DBN)

US approves GM plans to buy certain Delphi assets
(DBN)

'Clunkers' Program Has Repaid 17% of Dealer Filings
(DBN)

How Germany's Attempt to Save Opel Failed
(DBN)

Opel workers threaten to withdraw concessions
(DBN)

Opel Trustees Said to Gather Sept. 10 to Discuss GM Decision
(DBN)

Why GM Is No Longer In a Hurry to Sell Opel
(DBN)

The hands GM board could deal in Opel poker
(DBN)

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Rating Agencies:

Negligent Misrepresentation and Rating Agencies
(DBN)

Judge says 2 ratings agencies must face claims
(DBN)

Moody's, S&P Parent McGraw-Hill Fall After Lawsuit Advances
(DBN)

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Food/Drink:

Who Made a Killing in the Pilgrim's Pride Deal?
(DBN)

Brazil Food Co JBS Fast Becoming Turnaround Specialist
(DBN)

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Pensions:

Retirees' quest to regain health benefits can continue: Court
(DBN)

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Accounting:

The Day the Audits Died
(DBN)

Smaller firms clean up as recession sees audit clients shun the Big Four
(DBN)

PCAOB Appears to Be Taking After Big Brother
(DBN)

Where are Deloitte's Revenue Results?
(DBN)

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Insurance:

Hayes Named To Lead N.Y. Liquidation Bureau
(DBN)

Large Cats Could Drain Global Capital
(DBN)

Zurich Net Income Drops 53% As Recession Takes Toll
(DBN)

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Retailing:

Back-to-School Season Results Are Weak for US Retailers
(DBN)

Retailers Post More Same-Store-Sales Declines
(DBN)

Will Weston get involved in Barneys?
(DBN)

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Hotels:

Debt Clouds Future of Fontainebleau
(DBN)

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Telecoms:

Bankruptcy Judge Slams Charter Founder Allen
(DBN)

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Oil/Gas:

Natural Gas Declines to Lowest Level Since March 2002
(DBN)

Palm Energy, Pisces Energy file for Chapter 11 protection
(DBN)

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Religion:

Jesuit Bankruptcy
(DBN)

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Radio:

Company behind failed ND radio station effort declares bankruptcy
(DBN)

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Committees:

Upcoming DE Organizational Meetings
(DBN)

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Corporate Governance:

Shareholders at the Ballot Box
(DBN)

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Politics:

Treasury Pick Owes at Least $10.5 Million on Investment Deals
(DBN)

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Gambling:

Las Vegas Sands: Too Big to Fail?
(DBN)

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Aviation:

Lufthansa's Debt Rating Lowered to Junk by Moody's
(DBN)

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UK:

Over 5,000 retailers to go out of business next year
(DBN)

Barclays Fined $4 Million by FSA for Report Failures
(DBN)

IPA lukewarm on company rescue consultation
(DBN)

Sexism in the city - poor pay, worse jobs and terrible bonuses
(DBN)

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EU:

European Central Bank Warns of a Patchy Recovery
(DBN)

Call Grows in Europe to Limit Bonuses
(DBN)

EU big three’s bonus attack misjudged
(DBN)

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Canada:

Canada Unexpectedly Posts First Job Gain in Four Months on Finance, Retail
(DBN)

Traveller's Inn hotel chain files for bankruptcy
(DBN)

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Iceland:

OECD says Iceland should sell banks
(DBN)

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Cayman Islands:

Trouble in paradise
(DBN)

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Germany:

German Industrial Output Declined in July After Rising in June
(DBN)

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Japan:

Japan Corporate Bankruptcies Fall on Stimulus, Credit Programs
(DBN)

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