April 1, 2010

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:

Corporate Scorecard 2010
Bankruptcy: Ducking for Cover

(DBN)

Alternative Billing: Who’s Actually Doing It?
(DBN)

At Law Firms, Reconsidering the Model for Associates’ Pay
(DBN)

Linklaters Back to Full Lockstep
(DBN)

Linklaters announces salary band freeze
(DBN)

Kirkland restructuring partner aborts plan to join GTM
(DBN)

"Clients Have Gotten Smarter."
(DBN)

Williams & Connolly Shuns Laterals and Generally Keeps Its Partners
(DBN)

The Real Deal? Advice on Nabbing that Dream Job
(DBN)

Buchanan Ingersoll's Revenue Falls 3 Percent, RPL Goes Up by 5 Percent
(DBN)

Quarles & Brady opens Tampa office
(DBN)

Bakers London restructuring sees £3m redundancy costs
(DBN)

Freshfields sued for racketeering
(DBN)

High Court Justices Appear Skeptical of Private Contempt Prosecutions
(DBN)

MGM, Skadden, Get More Time in Debt Crunch
(DBN)

Layoff Watch: Lovells Makes Cuts Ahead of May Merger
(DBN)

"It's not American Idol"
(DBN)

Chadbourne's Recruiting No Relief for Associates Whose Job Offers Were Rescinded
(DBN)

Report: GCs Have More Power in Post-Recession World
(DBN)

The BigLaw Big Thaw: Second Firm Reinstates Lockstep Pay Raises After 2009 Freeze
(DBN)

$100 Million Malpractice Claim Proceeds Against Greenberg Traurig
(DBN)

After Layoffs and Pay Cuts, BigLaw Firm's Revenues Drop, But Boss Sees Growth Ahead
(DBN)

2 Baker Hostetler Attorneys Accused of Supporting African Inheritance Scam
(DBN)

Locke Lord Hit With Suit by Former Income Partner
(DBN)

Welcome to the Future: The Intimacy Imperative
(DBN)

Deportation Ruling Sets New Standard for Legal Advice
(DBN)

Lawyer Drops Practice to Pursue Ballooning Career
(DBN)

Is the University of Texas’ Admissions Policy Legal?
(DBN)

Supreme Court Ruling Opens Federal Courts to More Class Actions
(DBN)

New Front Opens in Dispute Between ABA, FTC
(DBN)

Lawyer Faces Employee Suit Alleging 'Extreme and Outrageous Voyeur Activities'
(DBN)

Michigan Law Secret Society Openly Mocked
(DBN)

Keeping Up With What's In and Out in Big Law
(DBN)

Lawyering and Living for Less: Building a Working Wardrobe Without Breaking the Bank
(DBN)

Did You Go to Law School to Earn $12 an Hour?
(DBN)

Self-Proclaimed BigLaw Vet Charged with --- Tourism
(DBN)

Loyola Law School (L.A.) Retroactively Inflates Grades
(DBN)

After Fainting During 4th Cir. Hearing, Law Student Goes On to Make Great Argument
(DBN)

$3,400 per Hour Legal Research Has Arrived
(DBN)

I Just E-Mailed a Friend, US Lawyer Charged in Dubai Corporate Info Case Tells ABA Journal
(DBN)

______________

Judges:

US Supreme Court Phases Out PDF - Embraces Apple’s iPad Format (and Money) :)
(DBN)

Supreme Court Punts
(DBN)

Limits Of Free Speech
(DBN)

An Amusing Oral Argument: Justice Thomas Opens His Mouth, and Justice Sotomayor Struggles With Math
(DBN)

Judge Faces Trial Over Her Relationship With Prosecutor During Capital Case in Her Court
(DBN)

The Power of Posner: A Study of Prestige and Influence in the Federal Judiciary
(DBN)

"Friending" And Ethics
(DBN)

______________

Wall Street:

Futures up on upbeat data from China, Europe
(DBN)

World stocks up, buoyed by Chinese data
(DBN)

We should be policing Wall Street
(DBN)

CFTC Approves Bankruptcy Protections For Cleared OTC Trades
(DBN)

Wall Street’s Makeover
(DBN)

______________

Layoffs:

US private sector cuts jobs in March; eyes on Fri
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Chrysler's reinstatement offer upsets dealers
(DBN)

Ford UAW Retiree Fund to Raise $1.78 Billion From Warrant Sale
(DBN)

Mulally says Ford can accelerate debt repayment
(DBN)

______________

Lehman:

The collapse of Lehman Brothers
(DBN)

Lehman Brothers Bankruptcy Examiners Report is Further Evidence That UBS Wronged Investors
(DBN)

Weil Gotshal Bills Lehman $1000 Per Hour for Lawyers
(DBN)

Lehman's Demise and Repo 105: No Accounting for Deception
(DBN)

______________

Tax:

Swiss Move Closer to Releasing UBS Names
(DBN)

______________

Corporate Reform:

Corker 'Absolutely Cannot Support' Dodd Bill
(DBN)

Where On Earth Has The SEC Been?
(DBN)

S.E.C. Mulls Publicizing Details, Even If You Settle
(DBN)

______________

Hotels:

Starwood plans to open 300 hotels
(DBN)

Four Seasons lenders schedule auction to sell their interest
(DBN)

Extended Stay: Bad Boy Stuck in Quagmire?
(DBN)

Wyndham closes on new credit line, repays loan
(DBN)

______________

AIG:

New York Fed details assets bought for Bear Stearns, AIG bailouts
(DBN)

AIG's big losses on CDOs dissected
(DBN)

They Reportedly Drove AIG to Ruin
(DBN)

How Lou Lucido Let AIG Lose $35 Billion With Goldman Sachs CDOs
(DBN)

______________

 

 

Economy:

US factory orders rise in Feb, buoy manufacturing
(DBN)

ADP Says U.S. Companies Unexpectedly Cut Payrolls
(DBN)

Federal agency debt issuance shrinks in 1st qtr
(DBN)

Hartford repays TARP, no plan to buy back warrants
(DBN)

Fed Reveals Bear Stearns Assets It Swallowed in Firm's Rescue
(DBN)

A special report on America's economy
(DBN)

Economist Johnson Urges Breakup of Big Banks
(DBN)

Business Jets, an Economic Indicator?
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Restructuring CRE
(DBN)

Weakness Persists in Commercial Mortgage Market Even as Tenants Look to Buy
(DBN)

CRE Firms Lay Out Modes for Operating in a Post-Recessionary Environment
(DBN)

Private Sector Mortgage Modifications Outnumber HAMP 2 to 1
(DBN)

Fannie Delinquencies Reach All-Time High at 5.52%
(DBN)

Mortgage-Bond Market Prepared for Fed's Exit
(DBN)

Sell-off after Fed's mortgage program ends? Not to worry
(DBN)

Complacency seeps in as Fed stops buying MBS
(DBN)

Some Regions Never Felt Housing Boom, or Bust
(DBN)

Movie of the Week? The Lennar Story
(DBN)

Mortgage Rates Up, Along with Applications for New Loans
(DBN)

Bob Miell wants bankruptcy administrators probed
(DBN)

47 payments behind with Chase and I finally got my loan modification
(DBN)

It Was a Housing Boom, not a Construction Boom
(DBN)

Manhattan’s office market flirting with rebound
(DBN)

Washington DC Office Market Facing Age of Austerity?
(DBN

AIG Settlement Shifts More Responsibility to Wholesale Lenders: K&L Gates
(DBN)

_____________

Derivatives:

Insider Trading?
(DBN)

______________

Health Care:

Medical bankruptcy can hit anyone
(DBN)

Emeritus/Blackstone Joint Venture Appointed "Stalking Horse" Bidder in Sunwest Bankruptcy Auction
(DBN)

Would You Give a Kidney to a Stranger for $100K?
(DBN)

Ford's Mulally Not Taking Cost Over Health-Care Law
(DBN)

______________

Fraud:

R. Allen Stanford and his current criminal-defense lawyers "had some disagreements" over strategy
(DBN)

State of Play in Galleon Insider Trading Case
(DBN)

A Web of Insider Trading Charges
(DBN)

Fraudsters Beware, Bharara's Throwing More Forces Your Way
(DBN)

Ken Lewis Will Not Settle with NY Attorney General Cuomo, Report
(DBN)

Denny Hecker: My new neighbor
(DBN)

Judge Ray Ray Shuts Out the Public From Rothstein Depo
(DBN)

Supreme Court restricts whistleblower lawsuits
(DBN)

Receiver Tracks Down $78M Ponzi Scheme
(DBN)

Greer tapped as Rothstein expert witness
(DBN)

Dreier Co-conspirator Sentenced to 46 Months
(DBN)

______________

Food/Drink:

Wal-Mart's Grocery Sales Top 50% In US For First Time
(DBN)

______________

Video Rentals:

Stake in Blockbuster Cut Down by Carl Icahn
(DBN)

______________

Radio:

Regent Revenues Dip In Q4
(DBN)

______________

Golf:

Owner, top official of suburban Toledo firm charged
(DBN)

______________

Software:

Copyright Troll Loses High-Stakes Unix Battle
(DBN)

Novell-SCO Group Legal Quarrel Over Unix, Far From Over
(DBN)

______________

Gambling:

Atlantic City Casino CEO 'Close' to China Loan
(DBN)

Hooters hotel-casino narrows loss, says bankruptcy possible
(DBN)

Station Casinos loses $1.13B in 4th quarter
(DBN)

______________

Banking:

Bank failure lawsuit: Heritage Community Bank investors sue former chairman
(DBN)

Regional banks still owe big TARP bucks
(DBN)

______________

Building Materials:

Grant Forest Places Units in Bankruptcy in Delaware
(DBN)

______________

Electrical Supply:

Electrical Components files for bankruptcy
(DBN)

______________

Elder Debt:

More Seniors to be Homeless by 2020
(DBN)

______________

Private Equity:

PE-Backed Firms Defaulted Less in Recession, PE Council Study
(DBN)

______________

Distressed Investing:

Distressed Investor Lynn Tilton ‘Wears Tight Leather'
(DBN)

______________

Compensation:

Hedge Fund Managers’ Pay Roars Back
(DBN)

______________

Humor:

Financial Laugh Lines
(DBN)

______________

Finance:

Staring Down the Banks
(DBN)

______________

Newspapers:

Tribune Co. buys more time for reorganization plan
(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)

Seminars
(DBN)

______________

Bankruptcy Reform:

Banks' fate could land in Delaware's lap - Bill would give high-profile cases to state's bankruptcy judges
(DBN)

______________

Etymology:

“Bankruptcy”
(DBN)

______________

Litigation:

Creditors Fight Back
(DBN)

______________

Retailing:

Rite Aid predicts its loss may grow in fiscal 2011
(DBN)

43-store card and gift store chain Swoozie's closing down
(DBN)

General Growth files exit proposal, auction rules
(DBN)

General Growth plan leaves door open to Simon
(DBN)

______________

Religion:

Vatican Official Defends Pope’s Handling of Case
(DBN)

Will the Pope Be Deposed? Not If the Vatican Can Help It
(DBN)

Alleged Victim's Lawyers: Vatican Protected Priest
(DBN)

______________

Hollywood:

MGM gets fourth debt extension as acquisition, restructuring or bankruptcy draws near
(DBN)

MGM's suitors vanish
(DBN)

______________

Student Debt:

Student Loans: The Government Is Now Officially in the Banking Business
(DBN)

For students, a healthy dose of loan reform
(DBN)

Fact Check: Student Loans Won't Cost More
(DBN)

______________

Chemicals:

Lyondell to Pay $162 Million to End US Claims
(DBN)

______________

Accounting:

SEC to Banks: Who Else Used Repo 105?
(DBN)

______________

Aviation:

Skyservice airline shuts down
(DBN)

Court Action Keeps Epic Auction in Play
(DBN)

______________

Non-Profits:

Seed America CEO Talks About Bankruptcy Filings
(DBN)

______________

Municipalities:

Vallejo Goes for Broke
(DBN)

Lawmakers Push States to Speed Taxpayer Refunds
(DBN)

Three Reasons Public Sector Workers Are Killing The Economy
(DBN)

Recession Deflates Speeding Ticket "Cushion"
(DBN)

Report Blasts States for Abusing Civil Forfeiture Laws
(DBN)

California Debt Beats Greece's in Bond Sales
(DBN)

Nevada's Taxable Sales Down 8.1%
(DBN)

______________

M&A:

The Pace of Deal-Making Picks Up
(DBN)

______________

Theme Parks:

Freestyle Music Park debt unpaid as Thursday deadline approaches
(DBN)

Six Flags and Incremental Recoveries to Junior Bondholders
(DBN)

Six Flags Bought Out By Federal Government :)
(DBN)

______________

Music:

Music group EMI in dire straits
(DBN)

______________

UK:

R3 slams "misleading" pre-pack figures
(DBN)

Insolvency practitioners prompt more than 600 complaints
(DBN)

Equitable Life boss hits out at solvency change
(DBN)

FSA charges follow US prosecutions
(DBN)

Jarvis axes 1,100 jobs after rescue hopes fade
(DBN)

U.K. manufacturing survey strongest since 1994
(DBN)

Scientist proves Kerry Katona doesn't actually exist :)
(DBN)

Britain Questions ‘Too Big to Fail’
(DBN)

______________

EU:

Unemployment and Inflation Inch Up in Europe
(DBN)

______________

Canada:

Canadian judge OKs revised $57M deal between Nortel, ex-employees
(DBN)

______________

Australia:

Insolvency blues: the rogues make injustices seem routine
(DBN)

______________

Greece:

Five Greek Banks Downgraded by Moody’s
(DBN)

Pimco Sees Greece Action as Ineffective
(DBN)

Optimism and Doubt in a Duel Over Greece
(DBN)

______________

Ireland:

Insolvency cases up 25% in first quarter
(DBN)

______________

China:

Remember SIVs? China Has 'Em And They're Hiding A Massive Credit Bubble
(DBN)

China’s Growing Wealth Gap
(DBN)

______________

Russia:

Yukos still fighting from beyond the grave
(DBN)

______________

Japan:

Japan Manufacturers Least Pessimistic Since 2008
(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).