April 13, 2010

The Daily Bankruptcy News

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Law:

The Bankruptcy Files: Plenty of Restructuring Work to Go Around
(DBN)

The Lost Class Does Not Even Warrant A Spellcheck?
(DBN)

Simpson Thacher Partner on Sex Abuse Case Against His High School: "I Have to do This"
(DBN)

Clifford Chance Drops Billable-Hours Requirement for Associate Bonuses
(DBN)

Clifford Chance: Cancels Hours Requirement for Bonuses in London, But No Change in NYC
(DBN)

Stevens & Lee, Revenue Decrease, Profits Per Equity Partner Up
(DBN)

Revenue Down, Profits Up At Sutherland
(DBN)

Law Grad’s Part-Time, Low-Paid Job is More Than Many Have, Consultant Says
(DBN)

Blank Rome Addition Could Lead to Texas Presence
(DBN)

Speelman, One of Nation’s Most Successful Legal Executives, Joins Blank Rome LLP as Partner
(DBN)

McCarter & English Selects First Woman Managing Partner in N.Y. Office
(DBN)

Ex-FINRA Enforcement Chief Joins Bingham McCutchen
(DBN)

Malpractice Claim Against Kirkland Shifts to Federal Court
(DBN)

Fashion Dos and Don'ts From the Windy City
(DBN)

Lawyer Reprimanded for Ad that ‘Grossly Misstated the Law’
(DBN)

Plaintiffs Lawyers Seek New Trial After Contrite Juror E-Mails to Say He Changed His Vote
(DBN)

Post-Trial Jury Interviews in the Internet Age
(DBN)

Law Firm Sabbaticals Continue Even in Recession
(DBN)

Verdict of the Day: Canadian ‘A------’
(DBN)

So what exactly should female attorneys wear?
(DBN)

Jeffer Mangels Adds Bankruptcy Attorney
(DBN)

Coral Gables bankruptcy attorney goes bankrupt
(DBN)

Law Prof Is Member of Opus Dei, Says Whipping Only ‘Stings a Bit’
(DBN)

2L at Kansas Law Thinks NBA Draft a Safer Bet than OCI
(DBN)

Temple Law Grads Get into the T-Shirt Business
(DBN)

New Study Shows Large Firms Behind the Technology Curve
(DBN)

The Future of Legal Education: Get Real
(DBN)

Just How Crappy Is Legal Education Today?
(DBN)

The good news is, the ticket was dismissed...
(DBN)

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Judges:

Three More SCOTUS Names
(DBN)

White House Said to Be Widening Search for High Court Nominee
(DBN)

Who's Next? Looking Past the Justice Stevens Vacancy
(DBN)

Hillary, No; This Guy You’ve Never Heard of, Maybe*
(DBN)

Only One of 3 Judges on Rumored Short List Would Bring Religious and Law School Diversity to Court
(DBN)

With Stevens Set to Retire, Possible Replacements Prepare Their Resumes
(DBN)

Must Justice Stevens’s Replacement be a Protestant?
(DBN)

Filibuster Of Stevens Replacement ‘Unlikely,’ Say GOP Senators
(DBN)

Democrat Predicts Fast Action on Supreme Court Vacancy
(DBN)

Stevens' Replacement Could Set Stage for Proxy Fight Over Roberts' Influence on High Court
(DBN)

Choose your own Supreme Court justice to succeed John Paul Stevens
(DBN)

‘Socially Awkward’ Judge Made Me Feel ‘a Little Creepy,’ Asst. DA Tells Ethics Panel
(DBN)

Drunken Driver Spared Jail Time Accused in New DWI Accident, and Judge Is the Victim
(DBN)

Unmasking a Judge’s Anonymity: Saffold v. Plain Dealer Publishing Co.
(DBN)

Sister suspended from Supreme Court job
(DBN)

Russian Judge Shot to Death at Home in Possible Contract Hit Over His Work
(DBN)

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Wall Street:

Stock futures point to weaker Wall Street open
(DBN)

Dow ends at 11,000 - 1st time in 18 months
(DBN)

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Layoffs:

Senate Agrees to Temporary Jobless Benefits Extension
(DBN)

Employment Will Come Back In America, It's Just Pay That Won't
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Lawmakers Try to Unravel WaMu's Failure
(WSJ: separate paid subscription required)

US Senate panel: high-risk loans brought down WaMu
(DBN)

Killinger got $25M in WaMu's final year
(DBN)

UBS Hopes Profit Will Lift Client Confidence
(DBN)

UBS Still Faces Serious Issues
(DBN)

UBS's US Brokerage Unit Still Losing Assets
(DBN)

Federal Judge Green-Lights Trial Lawyers' Suit Against Wachovia
(DBN)

Citigroup plans 40% asset cut
(DBN)

Midwest Bank and Trust Teeters After Feds Reject Capital Plan
(DBN)

FDIC's Sheila Bair on Bank Failures and Too-Big-To-Fail
(DBN)

Banks in crisis: 1929 and 2007
(DBN)

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Claim Trading:

US bankruptcy claim trades hit $2.89 bln in March
(DBN)

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Celebs:

What they're saying about former SU star Derrick Coleman's bankruptcy
(DBN)

Derrick Coleman Owes Creditors $4.7 Million, Has Chinchilla Fur Coats, Chevy Nova
(DBN)

Derrick Coleman Latest Ex-Athlete to Find Himself Under Mountain of Debt
(DBN)

Giving Derrick Coleman His Due
(DBN)

State of California claims Pamela Anderson owes $500,000 in back taxes
(DBN)

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Agriculture:

Judge rejects rancher's bankruptcy plan
(DBN)

Pilgrim's Pride to close offices, cut 213 jobs
(DBN)

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Pensions:

Pension Funding Is Up, but Shortfalls Remain
(DBN)

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Resorts:

Calif. says Yellowstone Club founder skips taxes
(DBN)

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Economy:

How to prevent America's next financial crisis
(DBN)

Obama Rallies Markets With Policies That Resemble Rubinomics
(DBN)

A Dumbbelled Recovery
(DBN)

Connecting the Dots: No Recovery Without Jobs
(DBN)

Map Of The Day: Visualization Of Global Debt Levels
(DBN)

Economic pain eases in hard-hit areas
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Banks Deploy Armies of Staff to Mortgage-Default Front
(DBN)

JPMorgan Chase Argues Against Mortgage Modifications, Citing Sanctity Of Contracts
(DBN)

Mortgage modification program comes with new rules
(DBN)

WaMu, 'Securitization Factories' Fueled Crisis, Senators Say
(DBN)

WaMu Bank Executives Aware of Rampant Fraud
(DBN)

Should We Be More Optimistic About Housing?
(DBN)

Bernstein is on hook for West Edge
(DBN)

Stuyvesant Town, Extended Stay Raise CMBS Delinquencies
(DBN)

Another erroneous foreclosure at Bank of America
(DBN)

Judge Dismisses 110 of the Felony Counts Against Southern California Attorney Accused of Loan Modification Scam
(DBN)

NY home mortgage rates may hit 6% by year's end
(DBN)

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Corporate Reform:

Sentences Get Harsher in White-Collar Cases
(DBN)

Bank bosses squirm as Wall Street secrets are laid bare
(DBN)

Tough rules to limit debt would reform US financial system
(DBN)

CFTC's Gensler Says Regulators Failed to Stop Financial Crisis
(DBN)

Memos Show Risky Lending at WaMu
(DBN)

Regulators Remain Reluctant to Detail Handling of WaMu
(DBN)

WaMu's Failure Reveals Regulator Bumbling
(DBN)

______________

Theme Parks:

Stark group wins backing for Six Flags control
(DBN)

Six Flags Chief Tamps Down Apollo Chatter
(DBN)

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Municipalities:

Pension benefits play big role in Jacksonville City Hall budget problems
(DBN)

America's Most Bankrupt Cities
(DBN)

Harrisburg Authority Will Skip $425,000 Bond Payment
(DBN)

Pa. city's profits go up in smoke
(DBN)

Is Los Angeles going bankrupt? Are 'lavish pensions' to blame?
(DBN)

LAPD detectives sidelined by city budget crisis
(DBN)

Going broke on the ‘Taj Mahal of toilets’
(DBN)

Oregon may try 4-day school week to save money
(DBN)

Interactive Map Of The State Pension Crisis
(DBN)

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Religion:

Settlement in clergy sex abuse case
(DBN)

The Pope Can’t Be Sued Abroad . . . Is That a Good Thing?
(DBN)

Vatican to Bishops: Follow Law, Report Sex Abuse
(DBN)

Vatican Publishes Procedures for Sex Abuse Cases
(DBN)

______________

Golf:

WCI puts seven golf courses on the market
(DBN)

Colonial Club stockholders hand over club and $6 million debt to creditor
(DBN)

______________

Payday Lending:

Payday lenders targeted
(DBN)

______________

Auto Racing:

RPM In Default Of $90 Million Loan
(DBN)

______________

Aviation:

First Quarter Traffic Grew For Airlines
(DBN)

JAL Saw 10% Fewer Passengers On Intl Flights In Feb
(DBN)

______________

Compensation:

AIG "strongly objected" to pay czar's cuts
(DBN)

New Freddie Mac CEO Earned $800,000 Last Year
(DBN)

Merck CEO Got $11.9 Million in 2009 Compensation
(DBN)

______________

Gambling:

Donald Trump Beats Carl Icahn in Battle for Casinos
(DBN)

______________

Hockey:

Watchdog group questions Reinsdorf Coyotes deal
(DBN)

Bankruptcy Nixes Coyotes As All-Star Game Host
(DBN)

______________

Consumer Credit:

TitleMax Chapter 11 Plan Approved in Bankruptcy Court
(DBN)

______________

Horse Racing:

New hearing in Zayat case scheduled
(DBN)

______________

Retailing:

General Growth shares fall after report on talks
(DBN)

______________

Night Life:

Lease Trouble Could Spell End For Vegas Nightclub
(DBN)

______________

Lehman:

Lehman may have fudged bankruptcy
(DBN)

Lehman Channeled Risks Through 'Alter Ego' Firm
(DBN)

What was Lehman doing with Hudson Castle?
(DBN)

More on Lehman's use of Repo 105s
(DBN)

______________

Litigation:

Defamation Lawsuit Against Wal-Mart Results in $9M Verdict
(DBN)

______________

Turnarounds:

Price Points Based on Hopes Instead of Margins
(DBN)

______________

Hedge Funds:

Reporter hears hedge fund manager confess to priest
(DBN)

______________

Symphonies:

Competing plans for Honolulu Symphony reorganization allowed
(DBN)

______________

 

New Bankruptcy Opinions
(2 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)

______________

Newspapers:

Tribune Co. files bankruptcy reorganization plan
(DBN)

Tribune lenders say bankruptcy plan unfair
(DBN)

Creditors critique Trib bankruptcy pact
(DBN)

Tribune could do better in the long run
(DBN)

Canwest Newspapers' Bankruptcy Extended to June 30
(DBN)

______________

Autos:

Treasury ends $3.5B program for auto suppliers
(DBN)

Whitacre: GM to report “solid” first-quarter results
(DBN)

GM and Chrysler May Need Another Bailout to Pay For Pensions
(DBN)

The new Motor World Order
(DBN)

Why Aren't Plaintiffs’ Lawyers Drooling Over Recent Toyota Revelations?
(DBN)

Toyota's US legal reputation runs on empty
(DBN)

______________

Health Care:

Report: 60 Hospitals Cancelled Due to New Health Law
(DBN)

______________

Mail:

Post Office needs to cut deeper
(DBN)

______________

Energy:

Mirant: Fast rise, hard fall
(DBN)

______________

Distressed Investing:

Investors Want Nonperforming loans; Deals Scarce, E&Y Survey Says
(DBN)

______________

Credit Counseling:

A Less-Noticed Challenge In The Card Act
(DBN)

______________

Mass Torts:

Jury Awards $30 Million in 3 Asbestos Cases
(DBN)

______________

Tax:

UBS Client Pleads Guilty To Tax Fraud
(DBN)

______________

Personal Bankruptcy:

No Means Test Deduction for 401(k) Loan Repayment
(DBN)

______________

Fraud:

Hecker girlfriend charged with fraud
(DBN)

Public will foot the bill for Hecker's defense
(DBN)

______________

Exemptions:

New California exemption amounts
(DBN)

______________

Food/Drink:

Trustee Sues Former PE Owners of Buffets Holdings
(DBN)

______________

Derivatives:

Finally, a Broadway-Style Song About Credit Default Swaps
(DBN)

______________

UK:

Liquidation figures highest since 1992
(DBN)

UK consulting fees slump 6%
(DBN)

Business failures buck economic trend
(DBN)

Channel lauds pre-pack shake-up
(DBN)

______________

EU:

Euro Rises Most Since September as Greece Wins Aid Package
(DBN)

European shares close flat; banks gain on Greece aid
(DBN)

Greek Aid Pact May Be 'Defining Moment' For Euro Fiscal Policy
(DBN)

Germany Asserts Interests as Greek Crisis Unfolds
(DBN)

Euro retreats vs dollar, hits day's low
(DBN)

______________

Greece:

Greek rescue could put government on hook for more
(DBN)

Greece T-bill sale oversubscribed, yields jump
(DBN)

Not enough
(DBN)

What The Greek Bailout Does (And Doesn't) Do
(DBN)

Greece: Cash Flow Doesn't Solve Balance Sheet Woes
(DBN)

Greece Is Still In Trouble
(DBN)

______________

Canada:

More Albertans declare bankruptcy
(DBN)

Canadian bankruptcies post biggest Jan. drop in 20 years
(DBN)

Nortel disabled employees seek political help
(DBN)

Nortel Pensioners Want Bankruptcy Law Changes
(DBN)

Flaherty seeks pension advice
(DBN)

______________

China:

China bank lending slows as Beijing's curbs bite
(DBN)

______________

Iceland:

Icelandic leaders accused of 'negligence'
(DBN)

Bank 'knew Iceland was at risk but kept savers in the dark'
(DBN)

The bankers that froze Iceland
(DBN)

______________

Germany:

Karstadt administrator gets more time for sale
(DBN)

______________

Middle East:

UAE Bankruptcy Law Needed to Prevent Problems, Official Says
(DBN)

Dubai’s $330 Billion Deferred Buildings Impose Fees
(DBN)

______________

Ireland:

The doom merchant whose warnings don't seem so far-fetched anymore
(DBN)

Barristers make informal inquiries about bankruptcy
(DBN)

______________

Switzerland:

Switzerland mulls corporate tax on bankers' bonuses
(DBN)

______________

 

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