September 8, 2009

The Daily Bankruptcy News

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Law:

Was It Worth It? With Debt of Up to $250K, Some Law Grads Are Dubious
(DBN)

Reality's knocking
(DBN)

Linklaters matches Slaughters at top of FTSE 100 client rankings
(DBN)

Lowered Expectations Make Grads of Less Elite Schools Happier in BigLaw
(DBN)

Bryan Cave Offers ‘Resources’ for Deferred Grads, Doesn’t Confirm $70K Figure
(DBN)

Legal Sector Loses 100 Jobs in August
(DBN)

Lawyer Suing NY BigLaw Firm Wants to Try His Luck in Vegas
(DBN)

What’s Going on at Cooley Godward?
(DBN)

The recession makes externships a sweeter deal for students
(DBN)

Associates working in large firms are the least satisfied.
(DBN)

Devil in the Details Could Come Back to Haunt Edwards Angell
(DBN)

Compensation Down for GCs at Big Companies
(DBN)

Tampa law firm files for bankruptcy
(DBN)

Don Bryant files lawsuit against Bryan Cave, Brody
(DBN)

Redskins Legal Tactics Rile Up Fans
(DBN)

Accused Lawyer ‘Hung Out to Dry’ By Ex-Detroit Mayor, Expert Witness Says
(DBN)

North Dakota Law Tops Harvard in U.S. News Ranking!
(DBN)

We Lov Dov, Part III: American Apparel to Shed 1,500 Workers
(DBN)

Former AG John Ashcroft Can Be Sued By Material Witness Detainee, 9th Circuit Says
(DBN)

Gonzales: Comments Supporting AG on Interrogation Probe Were Misconstrued
(DBN)

9th Circuit Blasts Feds for Post-9/11 Detention of 'Material Witness'
(DBN)

Employee’s Alleged Tab-Divider Scam Cost Wilson Sonsini $1M, Prosecutors Say
(DBN)

Ex-Assistant Dean at Illinois Law School Charged with Theft
(DBN)

Cases Pile Up in Georgia Courts
(DBN)

The Douchiest Law School: Harvard vs. Duke
(DBN)

Law Firms Developing Social Media Policies
(DBN)

NALP Group to Review Law Firm Recruitment, OCI Schedule
(DBN)

So These Three Lawyers Walk Into a Bar . . .
(DBN)

______________

Judges:

The Rise Of Fed-Up Judges?
(DBN)

'The Remoras Are Loose Again': Judicial Order of the Day
(DBN)

‘Will It Ever Be the Same?’ Justices Wring Hands Over New Kid in Class
(DBN)

After Chevron Posts YouTube Video, Ecuador Judge Steps Down in $27B Case
(DBN)

Judge of the Day: Stephen Belden
(DBN)

In Revealing New Memoir, a Friend Remembers Rehnquist
(DBN)

Supreme Court Opens Up to C-SPAN
(DBN)

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Wall Street:

Stock Futures Higher Amid Optimism Over Recovery
(DBN)

Stocks Up on Merger Activity and Stimulus Pledge
(DBN)

Wall Street Pushes Higher to Close Week
(DBN)

Views of the Recovery
(DBN)

Markets to stay wary on stimulus after G20 pledge
(DBN)

New Exotic Investments Are Emerging on Wall Street
(DBN)

High court to rule on mutual fund fees
(DBN)

Funds Hitting Back In High-Fees Case
(DBN)

Wall Street failed, but its leaders still win
(DBN)

The financial industry didn't collapse in the economic earthquake, but for many its image has been shaken
(DBN)

Investors See Few Reasons to Send Market Higher
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Rebecca Alvarez Gets One-Month Reprieve From Joblessness With 50% Pay Cut
(DBN)

Jobless rate at highest level in 26 years
(DBN)

Teen rate at 25.5%; Highest level since records kept
(DBN)

Why Joblessness Keeps Rising Even As Economies Improve
(DBN)

The Best Places to Launch a Career
(DBN)

______________

Municipalities:

States Cut Back and Layoffs Hit Even Recipients of Stimulus Aid
(DBN)

Mayor wants state to designate Reading a distressed city
(DBN)

Civilian Patrols Grow in Recession
(DBN)

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Insurance:

Wall Street Pursues Profit in Bundles of Life Insurance
(DBN)

AIG Agrees to Sell Fund Unit to Li's Pacific Century
(DBN)

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Banking:

Five More US Banks Are Seized, Pushing Total for Year to 89
(DBN)

Global regulators flag sweeping new bank rules
(DBN)

Capmark Distress May Signal Bank Failures Topping 100
(DBN)

Getting banks to improve their funding profiles will not be easy
(DBN)

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RVs:

Dear Ndugu, I’d Like To Tell You About Senior Notes
(DBN)

Lazy Days RV Center plans bankruptcy
(DBN)

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Personal Finance:

Families turn to food stamps as wages drop
(DBN)

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Celebs:

Debts closing in on Annie Leibovitz
(DBN)

Annie Leibovitz: The hunter and the hunted
(DBN)

D-Day for Annie Leibovitz
(DBN)

Leibovitz Gets One-Month Extension in Lawsuit Tied to Her $24 Million Loan
(DBN)

Photographer sues Leibovitz
(DBN)

Woman Says Max Factor Heir Hid Assets to Avoid $19M Judgment
(DBN)

______________

Finance:

CEO Who Oversaw Loss of Billions At CIT Given New Contract
(DBN)

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Food/Drink:

Wines and losses: Respected dealer goes bankrupt, and creditors howl
(DBN)

NY: Eateries struggle to survive the summer
(DBN)

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Jewelry:

Archangel Seeking to Convert Ch. 7 to Ch. 11
(DBN)

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Horse Racing:

No bids for Santa Anita race track
(DBN)

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Mining:

2 copper mines in Peru spurring Grupo Mexico: Retaking Asarco is way to preserve huge stake in mines' parent company, analysts say
(DBN)

______________

Health Care:

Insured, but Bankrupted Anyway
(DBN)

Betters offers former Aliquippa Hospital to Beaver County
(DBN)

Credit Crunch Pushes Health-Care Lenders Out Of The Market
(DBN)

Will Caterpillar's Walgreens Deal Shrink Drug Costs?
(DBN)

______________

Tourism:

New York Defies Tourism-Plunge Forecasts as `Big Summer' Fills Hotel Rooms
(DBN)

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Economy:

In Unemployment Report, Signs of a Jobless Recovery
(DBN)

Jobless rate in US climbs to 9.7 percent
(DBN)

Joblessness remains a threat to recovery
(DBN)

A Lost Decade for Job Growth
(DBN)

Permanent Job Cuts
(DBN)

Jobless Recovery in U.S. May Boost Company Profits as Productivity Surges
(DBN)

A Year After Meltdown: Tough Questions, Choices
(DBN)

Bloom Set to Oversee Factory Aid
(DBN)

Five Lessons From the Financial Crisis
(DBN)

Obama Announces Initiatives to Increase Savings
(DBN)

Comparing This Recession to Previous Ones: Job Losses
(DBN)

IMF Raises 2010 Global Growth Forecast to 2.9% From 2.5%, Official Says
(DBN)

How Did Economists Get It So Wrong?
(DBN)

Roubini: 'U-shaped' recovery possible
(DBN)

G-20 Ministers Back Stimulus, but Pay Limits Are Elusive
(DBN)

'Capitalism is evil', says new Michael Moore film
(DBN)

Closely Watched Buffett Recalculating His Bets
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Problem CMBS Loans Up 7% in Two Months
(DBN)

Are We Still At Risk for Mortgage Armageddon?
(DBN)

Lake Las Vegas proposes bankruptcy plan
(DBN)

Mortgages: A Down Payment Anomaly
(DBN)

Magnus workers awaiting final pay
(DBN)

The US couple behind the housing crisis
(DBN)

Toledo developer files for bankruptcy
(DBN)

Sellers of mansions not feeling so rich
(DBN)

LA Developer Files Chapter 11
(DBN)

Mozilo Cites Inaccuracies in SEC Suit
(DBN)

Are You in Loan Modification Hell? Join the Club.
(DBN)

Homeowner confronts bank exec in court
(DBN)

Bankruptcy Judge Grills Wells Fargo
(DBN)

_____________

Banking:

Construction Loans Falter, a Bad Omen for Banks
(DBN)

Judge blocks regulators on $1 billion held by Colonial BancGroup
(DBN)

______________

Corporate Reform:

Judges Punish Wall Street Over Excesses as Regulators Talk About Reforms
(DBN)

The Wait for Financial Reform
(DBN)

SEC's left hand doesn't know what its right hand is doing
(DBN)

SEC Could Hold Key for Former Brocade CEO in Backdating Case
(DBN)

______________

Television:

TiVo awarded $200 mln in Dish Network patent suit
(DBN)

______________

Credit Cards:

Change is in the cards
(DBN)

______________

Autos:

Chrysler assets left behind in bankruptcy lost $10B in June
(DBN)

Chrysler defaults on loan
(DBN)

Chrysler Bankruptcy Objectors Continue Fight After The Fact
(DBN)

Mourdock again aims at Chrysler
(DBN)

Outspoken new chairman's blunt talk rocks GM execs
(DBN)

GM bonds not typical situation
(DBN)

General Motors getting out of golf course business
(DBN)

New for Chrysler in 2010: Not much
(DBN)

JL French Chapter 11 plan gets bankruptcy court OK
(DBN)

Guard keeps watch at end of Hecker empire
(DBN)

China to pass US as top auto market
(DBN)

______________

Lehman:

The Lesson of Lehman Brothers
(DBN)

Lehman leads the way in 'lottery ticket' rally
(DBN)

Korea Development Bank threatens to withhold Lehman information
(DBN)

Lehman Brothers Failure May Have Saved Us All
(DBN)

Lehman assets considerably reduced, say receivers
(DBN)

Lehman Brothers collapsed the day he arrived, but this Frenchman still wants to work in London
(DBN)

Lehman ex-president Gregory files $233 mln claim
(DBN)

Not in the fuld
(DBN)

Fuld eyes moles in new book
(DBN)

Lehman failed due to communication breakdown
(DBN)

______________

Printing:

AbitibiBowater creditors get filing deadline
(DBN)

______________

Telecoms:

At least three firms in bidding for Nortel unit
(DBN)

Avaya "Hell or High Water Clause" Can be Costly
(DBN)

______________

Retailing:

Liz Claiborne working with turnaround firm
(DBN)

Sears' Lampert hits back at 'inaccurate' report
(DBN)

Retail Hiring Study Shows Signs of Increasing Confidence in U.S. Recovery
(DBN)

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Stationary:

The Honor of Your Presence Is Requested…
(DBN)

______________

Distressed Investing:

Sam Zell Has a New Plan to Profit From the Bad Economy
(DBN)

______________

Religion:

Should Southern Baptists embrace the economic downturn?
(DBN)

______________

Derivatives:

Derivatives in Bankruptcy -- part 1
(DBN)

_____________

Property of the Estate:

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

_____________

Avoidance Actions:

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

_____________

M&A:

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

Signs of an Upswing in Merger Activity
(DBN)

_____________

Tax:

Swiss Ease Bank Secrecy in New Treaty With Britain
(DBN)

______________

Investment:

American Capital gets notice on $393M debt
(DBN)

______________

Chemicals:

Tronox seeks 8 December auction for assets pursued by Huntsman
(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)

______________

Bankruptcy Humor:

Bankruptcy Bill
(DBN)

_____________

Compensation:

Group of 20 Seeks Curbs On Bonuses, But Not Caps
(DBN)

______________

History:

2007: The end is near
(DBN)

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

______________

Oil/Gas:

Gas Prices Down $1 Since Labor Day 2008
(DBN)

Tax agencies object to Sem reorganization
(DBN)

Jacked up in Texas
(DBN)

______________

Aviation:

Airlines may have more bankruptcies , mergers
(DBN)

US Airways' Pilot Battle Simmers
(DBN)

______________

Cruise Ships:

'Vomit cruise' operator Transocean Tours files for bankruptcy
(DBN)

______________

Newspapers:

Sale won't stanch Sun-Times' losses
(DBN)

Report: Bid for Bankrupt 'Sun-Times' Parent Near
(DBN)

Filing: $530,000 Owed To Philadelphia Newspapers
(DBN)

Record publisher: debt “far exceeds” assets
(DBN)

The Philadelphia newspaper saga turns nasty
(DBN)

Philly newspapers, creditors clash over "local" ads
(DBN)

______________

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)

Judge hints Coyotes likely to stay through new season
(DBN)

Which Number Is More Absurd?
(DBN)

Ice Edge CEO Says Coyotes Bid Alive
(DBN)

______________

Magazines:

Reader's Digest stays upbeat despite trouble signs
(DBN)

______________

Education:

Princeton, Harvard Raise Undergrad Tuition as Economy Burns
(DBN)

______________

Art:

Polaroid to auction art
(DBN)

______________

Gambling:

Indian casinos not immune to troubles during recession
(DBN)

Security officers sue Tropicana over alleged unpaid wages
(DBN)

As gambling industry struggles, it’s a safe bet that Twin River will get bigger
(DBN)

Greektown Casino creditors seek to sue investors
(DBN)

Station Casinos Lenders Want Independent Examiner
(DBN)

______________

Corporate Governance:

Delaware is Dominant Choice of Law for Merger Agreements
(DBN)

______________

Defaults:

Debt default watch - 213 companies so far this year
(DBN)

______________

Labor:

What three bankruptcies might mean to unionists
(DBN)

______________

Fraud:

Merkin's Feeder Funds Seek Dismissal of Madoff Suit
(DBN)

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

Report Shows Investigators Botched Madoff Probes
(DBN)

Hedge Funds in Edinburgh Feel Madoff Effect as Clients Demand to Know More
(DBN)

Madoff Scam Touched Family of SEC Official Whose Unit Got Tip
(DBN)

Court's receiver seeks fees from ex-Sen. Stanley
(DBN)

Boca Raton trader admits to Ponzi scheme
(DBN)

Trustee wants contempt citation in Saints dispute
(DBN)

______________

UK:

Northern Rock shareholders cast adrift
(DBN)

Lloyds May Ask Preference Shareholders to Convert, Times Says
(DBN)

The art market: All's fair, or the battle of the tents
(DBN)

Bankrupts being refused basic banking
(DBN)

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

______________

Canada:

Canada Adds Jobs but Unemployment Rate Rises
(DBN)

Flaherty Says Slower Growth Clouds Canada Forecasts
(DBN)

______________

Israel:

Ramet on verge of seeking bankruptcy protection
(DBN)

______________

Russia:

Russian Auction House to help sell off collateral on bad loans
(DBN)

Russian Tycoon's Fall Spurs Money Hunt
(WSJ: separate paid subscription required)

______________

Cayman Islands:

Hedge Fund Hot-Spot Denies Bankruptcy
(DBN)

Trouble in paradise
(DBN)

______________

Denmark:

One in three hotels on brink of bankruptcy
(DBN)

______________

Japan:

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

Japan May See `Catastrophic' Finances Under Hatoyama's DPJ, Weinberg Says
(DBN)

_____________

Germany:

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

_____________

France:

French August Business Confidence Climbs After Exports Help End Recession
(DBN)

______________

Spain:

Spain's Industrial Production Declines for 15th Month as Recession Deepens
(DBN)

______________

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