September 9, 2009

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Chadbourne Challenges Tribune Co. Fee Examiner's Call
(DBN)

Client’s Sons Sue Hogan & Hartson for $120M, Say Lawyer Fought Too Hard
(DBN)

Lifetime Achievers 2009
(DBN)

Ethics complaint tests Internet advertising
(DBN)

Cuomo Takes Aim at Bank of America's Lawyers
(DBN)

BofA considered 'MAC' clause before shareholder vote
(DBN)

NY's Cuomo may charge BofA execs over Merrill
(DBN)

N.Y. AG Calls Bank’s Privilege Claims ‘Indiscriminate,’ Seeks Waiver
(DBN)

'A Modest Proposal': How a Doctor Would Overhaul Legal Practice
(DBN)

Fulbright & Jaworski: The Latest Firm to Abandon Lockstep
(DBN)

Fingers Crossed at Fulbright
(DBN)

Allen & Overy's annual LLP report reveals £40m fall in cash reserves
(DBN)

A&O's top-earning partner pocketed £2.3m last year
(DBN)

BigLaw Associate Pay Should Be Cut to $125K or Even $100K, Consultant Says
(DBN)

Are Some People Still Living in 2007? (Or: Some early speculation on bonuses.)
(DBN)

Layoff Watch: Kirkland & Ellis Chicago
(DBN)

Camerons defers newly-qualified start dates by up to three months
(DBN)

OMG. So sorry, but u r fired. :-(
(DBN)

Will Bennett's Departure Hurt Skadden Arps?
(DBN)

Lessons from Madoff (& the SEC)
(DBN)

IPO Lawyers Seek $245 Million of $586 Million Accord
(DBN)

Attorneys Fight Plaintiffs Counsel's $195 Million Fee Request
(DBN)

Cleary Lawyers, The NYAG Would Like to Meet You
(DBN)

Last Month in Layoffs
(DBN)

Will Star Partner's Exit Close Doors for NY Juggernaut?
(DBN)

How negotiations over the Iron Man and the Incredible Hulk led to 20-hour days and airport lounge drama
(DBN)

Maria, We Just Lost a Partner Named Maria
(DBN)

How a Kentucky Solo Exposed the Fen-Phen Lawyers
(DBN)

Doing the Right Thing: An Empirical Study of Attorney Negotiation Ethics
(DBN)

The Great Wilson Sonsini Office-Supply Swindle?
(DBN)

Legal Secretary of the Day: For the Ladies
(DBN)

Job-Hunting Older Lawyers Should Lose the Comb-Over, Update the Wardrobe
(DBN)

Kennedy Law Group seeks bankruptcy protection
(DBN)

Temple Law gets slice of Household settlement
(DBN)

The Recession and the Courts: Spotlight On Georgia
(DBN)

New Florida Sen. LeMieux Faces Scrutiny for Law Firm Work
(DBN)

McCarthys shutdown a boon to other Ottawa shops
(DBN)

Law Firm Marketer Gone Wild
(DBN)

Ex-Fed’l Prosecutor Gets Suspended 1 More Year in Latest Shoplift Case
(DBN)

Radio water-death trial to begin
(DBN)

Former Law Partners at War in Miami
(DBN)

Lawsuit of the Day: Worst Safety Drill — and Christmas Eve — Ever
(DBN)

4 women in Wis. lover's gluing must stand trial
(DBN)

North Dakota Law Dean Says U.S. News Info on Clerkships Is Wrong
(DBN)

University of Chicago Law names new dean
(DBN)

Lawyers Are Taking Over China's Government
(DBN)

Say What?!
(DBN)

______________

Judges:

Sotomayor Takes Her Seat
(DBN)

The High Court: The Calm Before the Storm
(DBN)

Justice Sotomayor: The Unjust Hearings
(DBN)

Judging's A Lot More Than Balls And Strikes
(DBN)

Judge's Sex Crime Trial Begins
(DBN)

Judge Suspended for Alleged Sex for Dismissal Offer
(DBN)

Insulted in Restroom, Texas Judge Jails Court Attendee, 69, for Contempt
(DBN)

Case reversed by US justices back at WVa court
(DBN)

Reed Smith's Stanley Hopes Third Time's the Charm in West Virginia Case
(DBN)

______________

Wall Street:

Stocks poised to pull back
(DBN)

European, Asian Stocks Fall for the First Time in Five Days
(DBN)

US Stocks Climb As Investors Add To Risk; DJIA Up 50 Points
(DBN)

The return of Wall Street alchemy
(DBN)

Why Goldman Always Wins
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Even those with jobs feel pain: fewer hours, jobs out of field
(DBN)

Despite Stimulus Dollars, School Resumes With Ranks of Teachers Much Reduced
(DBN)

World job market showing signs of recovery
(DBN)

Fin Air plans to layoff 6,000 workers
(DBN)

The State of Illinois union officials will lay off at least 1,000 state workers
(DBN)

Rhode Island Governor Don Carcieri announced plans to cut 1,000 state workers
(DBN)

Continental Automotive Systems will lay off 1,000 employees
(DBN)

Suncor will lay off 1,000 employees
(DBN)

American Apparel will cut 1,500 workers from its downtown Los Angeles factory
(DBN)

______________

Banking:

Citigroup doesn't have a TARP exit strategy
(DBN)

One Year Later: Where Are The PE Arms of Failed Banks?
(DBN)

WaMu: The forgotten bank failure
(DBN)

RBS hires Goldman Sachs to advise on sale of aircraft unit
(DBN)

______________

Fraud:

15 Madoff Investors in Mass. to Share $8M Fairfield Settlement
(DBN)

It Took Just 30 Years For SEC To Uncover Brooklyn's Version Of Madoff
(DBN)

Brooklyn's Philip Barry May Have Perpetrated World's Worst Ponzi Scheme
(DBN)

Madoff's penthouse could be yours for $10 million
(DBN)

Madoff's Belgian Shoes Stashed as US Markets Home
(DBN)

NY Law Student Settles Suit Against Madoff's Brother
(DBN)

'Lebanese Madoff' mystery stuns investors
(DBN)

Peek inside Madoff's homes and boats
(DBN)

Madoff Beach House Attracts a Spate of Offers
(DBN)

US says NY Ponzi operator diverted money for p---
(DBN)

Sullivan pleads not guilty in Ponzi scheme, released on bond
(DBN)

US financiers in the frame for fraud
(DBN)

SEC Closes Down $40M Ponzi Scheme
(DBN)

______________

 

Radio:

Bluewater Broadcasting Files for Bankruptcy
(DBN)

______________

 

 

Economy:

Obama Asks Senate To Increase Debt Ceiling
(DBN)

US Loses Top Competitive Ranking To Switzerland
(DBN)

A breakdown on handling big failures
(DBN)

America and Its Deficits: Are We Broke Yet?
(DBN)

The American dream: A new reality - Rising unemployment, lower wages may downsize expectations
(DBN)

Consumers won't bail out economy
(DBN)

Providing The Right To Fail
(DBN)

4 problems that could sink America
(DBN)

The 10 Who Blew The Recession
(DBN)

Why Are Corporate Insiders Selling Their Shares?
(DBN)

Town Needs the Basics, Gets a Skate Park
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Wealthy Families Succumb to Bankruptcy as Real Estate Crashes
(DBN)

When Is a House Worth Less Than a Car?
(DBN)

GMAC Trims Mortgage Business Staff
(DBN)

Boston's Hancock Tower and the coming commercial real estate crisis
(DBN)

Fitch downgrades Capmark Financial Group rating to C
(DBN)

Backlash Against Banks Grows Over Mods
(DBN)

Tough economy can take its toll on your health
(DBN)

Should cities divest from banks that don't modify mortgages?
(DBN)

Construction bankruptcies in northwest Arkansas hit $60 million
(DBN)

Growing Losses at FHA
(DBN)

A new normal for home sales
(DBN)

Owner of Landmark, Meridian Condos Files Ch. 11
(DBN)

_____________

Insurance:

AIG Slips as Credit Suisse Cuts to 'Underperform'
(DBN)

AIG's slow climb back
(DBN)

Texans CUSO Insurance Group Files Chapter 11 Bankruptcy
(DBN)

What to Watch Now in the World of D&O
(DBN)

______________

Consultants:

Credit Suisse could acquire Mesirow
(DBN)

______________

Autos:

Taxpayers face heavy losses on auto bailout
(DBN)

US should consider trust for auto stake- panel
(DBN)

GM's CFO likely out
(DBN)

The post-clunker effect: No traffic, little stock
(DBN)

Auto dealers ordered to quit fighting Chrysler
(DBN)

Auto sales are down, but auto suppliers' stocks are up
(DBN)

Oversight panel to raise questions about auto bailout
(DBN)

Dreams downsized in Michigan as jobs, wages may be crippled long-term by recession
(DBN)

Labor impatient for Opel decision
(DBN)

China's Tengzhong says Hummer talks with GM ongoing
(DBN)

China puts brakes on Hummer deal
(DBN)

Koenigsegg inks deal with China's BAIC over Saab
(DBN)

______________

Investing:

Fitch downgrades American Capital
(DBN)

______________

Celebs:

Leibovitz loan deadline arrives, creditors silent
(DBN)

Former Cowboy Accused of Mortgage Fraud
(DBN)

______________

Resorts:

Oh, Mexico
(DBN)

______________

Hedge Funds:

Hedge Funds Had Net Inflows of $4.5 Billion in August
(DBN)

______________

Corporate Reform:

U.S. Is Failing to Act on ‘Too Big to Fail’ Risks?
(DBN)

Financial reforms stalled as Congress returns
(DBN)

______________

Oil/Gas:

Producers seek bankruptcy trustee for Semgroup
(DBN)

SemGroup names new CEO, board
(DBN)

Trident Resources files for bankruptcy
(DBN)

______________

Bankruptcy Crimes:

Couple charged with bankruptcy fraud in NH
(DBN)

______________

History:

Life In (and After)Our Great Recession
(DBN)

Still think that this is as bad as the Great Depression?
(DBN)

______________

Hotels:

Hotel Chain's Bankruptcy Filing Extends Industry's Woes
(DBN)

Judge ordered iconic Riverside Hotel sold to pay debts
(DBN)

______________

Consumer Credit:

Consumer Credit Decline in July Set Record
(DBN)

US consumers: massive deleveraging in full swing
(DBN)

______________

Derivatives:

Swaps Dealers Agree to Targets for Clearing Trades
(DBN)

Derivatives in Bankruptcy -- part 2
(DBN)

______________

Lehman:

BBC's Lehman Brothers Movie Actually Sounds Pretty Awesome
(DBN)

Dick Fuld's Comeback Will Be Successful
(DBN)

I've been "dumped on" for Lehman failure: Fuld
(DBN)

One Year Later: Lehman’s Dick Fuld as Victim?
(DBN)

You Want a Piece of Richard Fuld? 'Line Up'
(DBN)

History will judge Lehman mistake harshly
(DBN)

______________

Retailing:

Struggling firms utilize his 'common sense'
(DBN)

______________

Cross-Border:

The perils of cross-border bankruptcies
(DBN)

______________

Mining:

How much does it cost Asarco to produce a pound of copper?
(DBN)

______________

Trucking:

Truckload Rates Still Sliding
(DBN)

______________

Gambling:

Casino revenues slide in August, but Greektown gets a boost
(DBN)

Wall Street bets big again on casino bonds
(DBN)

Harrah's offers $720M in new notes to repay debt
(DBN)

______________

Shipping:

Texas ports taking a big hit from recession
(DBN)

______________

 

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)

______________

Bankruptcy Reform:

The absolute destruction of the ownership rights conferred by bankruptcy may well signal the utter death of America's economy.
(DBN)

______________

Trade Credit:

Hitting the wall - 503(b)(9)
(DBN)

______________

Newspapers:

Lipson on Bankruptcy, the Inky and Irony
(DBN)

Sun-Times in Deal to Sell Most Assets
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy filings continue to rise in Arizona
(DBN)

August Filings Hold Steady
(DBN)

______________

Litigation:

Iqbal Keeps Spreading
(DBN)

______________

Tax:

Overspenders to face tax audits?
(DBN)

US citizens in rush for offshore tax advice; Americans fear prosecution amid IRS crackdown
(DBN)

Swiss Deal With I.R.S. May Hide Some Tax Cheats
(DBN)

______________

Health Care:

Perriello: Medical bills are biggest cause of bankruptcy
(DBN)

Shuttered Riverside Hotel to be sold at auction
(DBN)

Baucus: Up to $3,800 fine for failure get health insurance
(DBN)

Congress may tax executive health plans
(DBN)

'Safety net' hospitals fear they won't survive health-care reform
(DBN)

23 Dems Have Said They Will Vote 'No' On Healthcare Reform
(DBN)

_____________

Food/Drink:

Pilgrim's Pride sees bankruptcy exit in 2009
(DBN)

______________

Distressed Investing:

Transactions with Distressed Companies
(DBN)

The Chinese Learn About Vulture Investing
(DBN)

______________

Compensation:

Ackermann Dares to Play Down Pay Issue
(DBN)

______________

Rating Agencies:

Warren Buffett keeps cashing out of Moody's
(DBN)

______________

Municipalities:

Detroit should avoid bankruptcy
(DBN)

CA legislature now frantic, as if on meth
(DBN)

Ugly municipal bankruptcy bill rears its head in California Legislature again
(DBN)

______________

Trustees:

Petters trustee withstands investor's challenge
(DBN)

______________

Aviation:

Airlines await rebound in business travel
(DBN)

Beware Air Travel's Recovery
(DBN)

More failures likely for smaller low-cost carriers
(DBN)

______________

Magazines:

Publisher Cygnus Wins Approval For Its Bankruptcy -Exit Plan
(DBN)

BusinessWeek draws 93 bidders
(DBN)

______________

Chemicals:

Lyondell Chemical bankruptcy judge approves hiring of CFO
(DBN)

______________

Labor:

Salaries Down for College Grads in 2009
(DBN)

______________

Accounting:

Uzbekistan Gives KPMG the Boot
(DBN)

Congress Needs More Testimony on Accounting Stuff They Won't Understand
(DBN)

PwC Isn't Starving
(DBN)

In a Pinch, Deloitte Lets Anyone Sign Off on Audit Reports
(DBN)

______________

Personal Finance:

As men lose jobs, wives who make less become primary wage earners
(DBN)

______________

Debt Collection:

More Than 500 Collection Firms, Creditors Sued in Late August
(DBN)

______________

Hockey:

What Redfield T. Baum will hear, and when he'll decide
(DBN)

NHL risks bad precedent in Coyotes bankruptcy
(DBN)

And then there were two
(DBN)

Relocation fee as much as $195-million, NHL says
(DBN)

NHL owner gets more than 8 years in prison
(DBN)

Leafs GM Burke tight-lipped about Phoenix Coyotes bankruptcy case
(DBN)

Balsillie offers city $50 million in Coyotes bid
(DBN)

______________

Horse Racing:

Remington Park sale closer to completion
(DBN)

______________

UK:

Rescue plans could inhibit SME lending
(DBN)

Prepacks: Feeling the urge to merge
(DBN)

No fines for offshore tax avoiders claiming 'innocent errors'
(DBN)

MG Rover report advance copies sent
(DBN)

Greenspan Says UK Faces 'Long While' to Exit Slump
(DBN)

______________

EU:

Bankers in Europe Criticize Crackdown on Bonuses
(DBN)

New Dutch banking code will limit bonuses
(DBN)

Bankers sue for €33m in unpaid bonuses
(DBN)

______________

Canada:

Insolvency Law Amendments to Take Effect on September 18, 2009
(DBN)

______________

Japan:

Creditors set to reject Lone Star's J-Reit rescue
(DBN)

______________

Lebanon:

Hezbollah denies bankruptcy link
(DBN)

______________

Punjab:

Punjab Govt on verge of bankruptcy
(DBN)

______________

China:

China's stimulus powers world economies
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of The Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).