April 14, 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:

Lawyer Goes From Billable Bankruptcy to Success on a Flat-Fee Scale
(DBN)

After Perhaps $100K in Legal Fees, Becker & Ex-Associate Settle $2K Pay Dispute
(DBN)

Former Associate Ends $12 Million Fee Suit Against Labaton Sucharow
(DBN)

Deferred Associates Get the Word: What They'll Be Paid and When They Can Start
(DBN)

Who Should Foot the Bill for the ‘Worthless’ Young Associates?
(DBN)

Turnaround Underground - Networking Opportunities
(DBN)

Heller's Creditors: Spending Big Bucks On (Hopefully) Getting Back Really Big Bucks
(DBN)

Partners of the Day: Linda Smith and Chuck Diamond
(DBN)

Ousted Lindquist Partner Accused of Stealing $1M from Firm & Clients
(DBN)

Plaintiffs Seek to Revive Holland & Knight Ponzi Suit
(DBN)

Vinson & Elkins Makes Good: First-Year Associates Begin Oct. 4
(DBN)

Fulbright Releases 2010 International Arbitration Report
(DBN)

London Revenue Plummets For U.S.-Based Firms
(DBN)

Managing partner of Thompson & Knight Houston office jumps to Mayer Brown
(DBN)

Elderly Millionaire Is Destitute After Payment of Fees for Lawyers and Care
(DBN)

Six Lawyers (Two Bankruptcy Lawyers) Join McKool Smith in New York
(DBN)

A Strike Against Stroock: New York AG Rules Against Extell
(DBN)

Pls Hndle Thx: Great Taste, Less Filling
(DBN)

Communication Is Key for Success as a Lawyer, Panel Says
(DBN)

Assigning Value to E-Discovery's Unknown
(DBN)

More Small and Solo Corporate Practices Emerging
(DBN)

Bookkeeper Gets 51 Months for Stealing $948K From Law Firm
(DBN)

Law Grad Pleads Guilty in ATM Scam at Sands Casino
(DBN)

Now Out of Prison, Ex-Milberg Partner Might Teach Class at UC Irvine Law School
(DBN)

Professor Lerach
(DBN)

The Hubris of Would-Be Lawyers
(DBN)

Post-Hubris: After lawyers crash, they shouldn't hide
(DBN)

The Working Professional Poor
(DBN)

When the law firm could go under: Diane vs. Will on "The Good Wife"
(DBN)

Court and Police Share Motorists' Bizarre Excuses for Speeding
(DBN)

______________

Judges:

U.S. Bankruptcy Judge appointed to Northern District of Iowa
(DBN)

Judicial Independence, Autonomy, and the Bankruptcy Courts
(DBN)

Democrats to Move Judicial Nominees as High Court Battle Looms
(DBN)

Elizabeth Warren On Supreme Court Nomination: It Would Be An 'Honor' To Be Considered
(DBN)

Liberals Balk at Obama's SCOTUS Front-Runner
(DBN)

Senate Democrats' wish list for high court: Someone with non-Ivy background
(DBN)

Senators, Interest Groups Weigh In on Possible Stevens Successor
(DBN)

Granholm reportedly on Supreme Court short list
(DBN)

Fight Over 9th Circuit Nominee Could Foreshadow Trouble for Supreme Court Pick
(DBN)

Obama Shuns the Left as White House Mulls U.S. High Court Slot
(DBN)

‘Socialist’ Obama to Move Supreme Court to Right
(DBN)

“With the possible exception of Ruth Ginsburg”
(DBN)

Obama to Meet With Senators on Stevens Retirement
(DBN)

O’Connor gives inspiration to law students
(DBN)

Specter Chides High Court, Renews ‘Cameras’ Debate
(DBN)

A Funny (Yes, Funny) Look at Diversity and the Supreme Court
(DBN)

NC Judge Suspended; State Chief Justice Didn't Say Why
(DBN)

Judge Receives a Scolding After Hugging Defendant
(DBN)

______________

Wall Street:

US Stock-Index Futures Advance
(DBN)

Free money is stocks' secret weapon
(DBN)

Market rises slightly as results eyed
(DBN)

Buffett Bet on Goldman Sachs 'Integrity'
(DBN)

JPMorgan Reports Income of $3.3 Billion
(DBN)

______________

Layoffs:

Wanted: People with Good Credit for Low-Paying Jobs
(DBN)

Washington unemployment rate rises slightly to 9.5 percent in March
(DBN)

Dueling Editorials on Unemployment Benefits
(DBN)

Why Are Workers Happy with Fewer Benefits and Longer Hours?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Trucking:

YRC president's resignation sends shares lower
(DBN)

______________

Corporate Reform:

GOP Leader Faults Democrats' Finance Overhaul
(DBN)

McConnell tells GOP: Vote no on Wall Street bill
(DBN)

After Hobnobbing With Bankers, McConnell Attacks Wall Street Reform
(DBN)

A GOP Financial Reform Bellwether
(DBN)

McConnell: Dodd reform bill guarantees perpetual bank bailouts
(DBN)

White House sees momentum on financial reform
(DBN)

Major US financial regulation reform proposals
(DBN)

The West Virginia Mining Disaster and the Financial Crisis Have the Same Root Cause
(DBN)

SEC - Extreme makeover
(DBN)

______________

Municipalities:

City, County Officials Whisper ' Bankruptcy ' to Solve Pension Woes
(DBN)

Can a Town Survive With Nearly No Government?
(DBN)

______________

Religion:

Bishops decry bill to lift statute of limitations on civil abuse suits
(DBN)

Evangelist Zito files for bankruptcy
(DBN)

Priestly Sex Abuse and the Concept of Innocence
(DBN)

______________

Compensation:

Exxon Cuts Tillerson's Pay by 16% After Stock Slide
(DBN)

Union Brandishes Banker Pay in Fight With Wall St.
(DBN)

______________

 

 

 

Economy:

Trade Gap Widens More Than Anticipated on Imports
(DBN)

Small businesses don't see recovery
(DBN)

U.S. Economist Dissents, Saying Recession Is Over
(DBN)

Dallas Fed Directors Sought Additional Discount-Rate Increase
(DBN)

Sales, hiring and capital spending remain very weak, trade group says
(DBN)

Imagine the Bailouts Are Working
(DBN)

She's 97 and homeless
(DBN)

Nation's Deficit Calls for Painful Choices
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Banks Disagree Over Obama's Principal Reduction Plan
(DBN)

New report slams foreclosure program
(DBN)

The Fight for the Middle Class: Obama's Mortgage Relief Program Isn't Working
(DBN)

Watchdog: Obama Foreclosure Plan Leaves Many Out
(DBN)

Watchdog Group: Obama's Mortgage Aid Plan Wastes Billions
(DBN)

Elizabeth Warren Directs Mortgage Ire at Banks: Why Not Agencies?
(DBN)

Banks Resist Plans to Reduce Mortgage Balances
(DBN)

Top Four Banks Ready to Write-Down Second Liens
(DBN)

Wells Fargo Drops Lawsuit Against Mortgage Borrower
(DBN)

Seeds of a housing rebound in Southern California seen in March
(DBN)

In re Tousa highlights risks to lenders relying on after-acquired collateral and “savings clauses” in loan documents
(DBN)

Pols Attack One Another Instead of Mortgage Lenders
(DBN)

For Some Markets, Bubble-Era Prices Decades Away
(DBN)

Down Market Drives Up Lawsuits Against Appraisers
(DBN)

_____________

Tax:

The High Costs of the New Tax Laws
(DBN)

Death, taxes hold similar appeal
(DBN)

IRS continues audit trend away from large corporations and toward smaller businesses
(DBN)

Virginia, Maryland name tax debtors
(DBN)

Man Blames IRS Raid for Wife’s Suicide
(DBN)

How the United States pierced UBS's tradition of secrecy
(DBN)

Swiss Lawmakers Bow to Bankers Urging UBS Settlement
(DBN)

______________

Banking:

FDIC: Banker Pay Poses Systemic Risk
(DBN)

WaMu Excluded From 'Too Clubby to Fail' Group, Killinger Says
(DBN)

Now Meet Two WaMu Whistleblowers
(DBN)

'Greedy' WaMu Channeled Sir Mix-A-Lot
(DBN)

WaMu CEO Feared Goldman "Sharks"
(DBN)

WaMu's new line: 'Who knew?'
(DBN)

IMF Says Regulators Should Consider Setting Capital Surcharge
(DBN)

Bank regulators need bigger tool kit: IMF
(DBN)

US bank chief mobbed by angry borrowers
(DBN)

The Rich (And The Quick) Get Richer
(DBN)

US Bank Profit 'Imbalances Are Re-Occurring'
(DBN)

Cybercrime Poses New Risks in Commercial Banking
(DBN)

Banks, Bankers, and the New Political Economy
(DBN)

UBS CEO tells shareholders outflows to continue
(DBN)

Big Banks Draw Big Profits From Microloans to Poor
(DBN)

______________

Gambling:

Trump Entertainment 4.0: Less debt, more Ivanka
(DBN)

Harrah’s Offers 13% Yield on Boosted Sale of New Debt
(DBN)

______________

Newspapers:

Tribune Lenders Can't Offer Rival Reorganization Plan
(DBN)

Brian Tierney Racks Up The Wins
(DBN)

______________

Lehman:

Hudson Castle: How Lehman Brothers Juggled Money
(DBN)

Puzzling Over Lehman's Secret 'Alter Ego'
(DBN)

The original sin of Repo 105
(DBN)

Investigators Focusing Further on Lehman's Use of Accounting Gimmicks
(DBN)

UBS Ordered by Finra to Pay 2 Buyers of Lehman Notes
(DBN)

Indict Lehman Brothers Execs—And Create Strong Consumer Protection Agency
(DBN)

______________

Telecoms:

Fairpoint Blames Fire For Maine Internet Outages
(DBN)

______________

Retailing:

Pearl Supply to remain open in Chapter 11
(DBN)

Simon, General Growth at Impasse on Divestiture
(DBN)

______________

Finance:

Trustee: Insiders 'looted' Fair Finance
(DBN)

Fair Finance trustee sues Dan Laikin for $19M
(DBN)

______________

Awards:

Sonnenschein Partner Farrington Yates Named "Fellow" by International Bankruptcy Professionals Group
(DBN)

______________

Health Care:

St. Vincent CEO Amoroso resigns
(DBN)

Cascade Medical Center has made a remarkable turnaround
(DBN)

______________

Tech:

Intel posts big jump in first-quarter profit
(DBN)

______________

Corporate Governance:

Business Groups, Obama Administration Spar Over Corporate Governance
(DBN)

Laster's moment
(DBN)

NOL and void
(DBN)

Chancery Awards Attorneys' Fees Based on Pre-Litigation Conduct in Breach of Fiduciary Duties
(DBN)

______________

Autos:

General Motors Appoints UCLA's Cynthia Telles to Its Board
(DBN)

General Motors Board Gets Its Own Shrink
(DBN)

Claim delays Visteon Corp.'s bankruptcy exit
(DBN)

Automakers to Taxpayers: Can We Get Another Bailout, Please?
(DBN)

Bill gives dealers rights over carmakers
(DBN)

Toyota halts sales of Lexus SUV
(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)

Seminars
(DBN)

______________

Bankruptcy Statistics:

First Quarter Buyout-Backed Bankruptcies: Fewer, Smaller
(DBN)

______________

Loan-To-Own:

Bad bankruptcy citizen
(DBN)

______________

Accounting:

More Hot Water For Ernst & Young With New Lehman Allegations
(DBN)

Why A Big 4 Failure Is Imminent–and What It Will Mean
(DBN)

Consultant Gets 15 Months in Ernst & Young Case
(DBN)

Tim Geithner Hated His Old Accountant
(DBN)

______________

Fraud:

US judge to hear claims re Madoff feeder funds
(DBN)

WexTrust Co-Founder Byers Pleads Guilty to Fraud
(DBN)

Judge: Ex-Hecker aide can't block subpoena
(DBN)

Vantis uncovers $6bn Stanford black hole
(DBN)

Former USA Capital Officer Sentenced for Fraud Conviction
(DBN)

______________

Politics:

Minting Bank Lobbyists on Capitol Hill
(DBN)

______________

Insurance:

Ambac Financial Shares Have ‘No Value,’ JPMorgan Says
(DBN)

______________

Sovereigns:

IMF Widens Pool for Crisis Funds
(DBN)

New World Disorder: IMF's Greek Bailout
(DBN)

______________

Aviation:

Labor strife clouds possible USAir/United merger
(DBN)

Spirit's Carry-On Bag Fees Draw Senate Legislation
(DBN)

______________

Politics:

Demands in Sarah Palin's Speaking Contract
(DBN)

______________

Hockey:

Decision coming on Phoenix Coyotes ownership
(DBN)

Glendale goes with Reinsdorf, kills Ice Edge lease for Phoenix Coyotes
(DBN)

______________

Hollywood:

Miramax Sequel - Burkle Backs Weinsteins' Bid for Their Old Studio
(DBN)

______________

Derivatives:

The derivatives ding-dong waiting in the Dodd bill
(DBN)

Collateral and Derivatives
(DBN)

______________

Private Equity:

Debt Loads Expose Private-Equity Game
(DBN)

______________

Horse Racing:

Zayat Refutes Claims by Fifth Third
(DBN)

Centaur's junior lenders press for bankruptcy liquidation
(DBN)

______________

Distressed Investing:

Advanced Distressed Debt Concept: The J Factor
(DBN)

______________

Humor:

An oh-so-practical judge
(DBN)

______________

Financial Literacy:

April is Financial Literacy Month
(DBN)

______________

Celebs:

Would Sarah Palin Consider Helping Pamela Anderson with Her Tax Problem?
(DBN)

You Talkin' to Me? Bankruptcy , shmankruptcy
(DBN)

Kosar's car in bankruptcy sale
(DBN)

______________

UK:

Ex-Northern Rock Executives Fined and Banned
(DBN)

Liquidations set to be highest since 1992
(DBN)

M&A activity to surge in 2010
(DBN)

Sharp fall in retail administrations in Q1 2010
(DBN)

______________

EU:

Euro Rally May Be Fleeting as Europe's Economy Lags
(DBN)

European Industrial Output Rises More Than Forecast
(DBN)

______________

China:

China May Post 11.7% Growth
(DBN)

______________

Greece:

Wealthy Greeks flee debt crisis to snap up prime London properties
(DBN)

A Greek on Greece
(DBN)

Soros Says Greek 'Death Spiral' Risk Remains After Aid Package
(DBN)

Pimco Says 'Too Early' to Buy Greek Bonds as EU Pledges Aid
(DBN)

IMF faces whole new kettle of fish in Greece
(DBN)

Legal Threat, Ambiguity Cloud Greek Aid Deal
(DBN)

Germany pours cold water on Greece rescue package
(DBN)

Germany holds key to understanding Greek crisis
(DBN)

Greek Bonds Fall a Second Day as Biggest Investors Stay Away
(DBN)

Greek Bond Short Bets Are 'Dangerous Game' After Aid, DWS Says
(DBN)

Greek parliament approves tax overhaul
(DBN)

______________

Ireland:

Quinn appoints financial restructuring firm
(DBN)

Ireland's Bad Bank May Demolish Homes
(DBN)

______________

Iceland:

Iceland Report Lashes Out At Government, Banks
(DBN)

______________

Middle East:

Desert reprieve
(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 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.

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 service 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).