April 16, 2010

The Daily Bankruptcy News

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Law:

DLA Piper Reinstates Pre-Recession Pay Rates
(DBN)

US News Warns of Tough Times for Law Grads; Expert Says 'It’s Just Like the Lottery'
(DBN)

Trying To Go To A Small Firm? Be Prepared For A Harsh Rejection
(DBN)

Second NY Partner in a Week Defects From Downsizing Firm
(DBN)

Lanny Davis Leaves McDermott, But Not the Building
(DBN)

Lovells Names New Bankruptcy Partner
(DBN)

3,000 students rank A&O, Eversheds and Bird & Bird as stand-out firms
(DBN)

Clifford Chance re-opens 2011 trainee recruitment
(DBN)

Freshfields Expects More Work Than It Can Handle
(DBN)

Court Backs Silicon Valley Law Group in Malpractice Mess
(DBN)

Lawyer Who Started Firm With Father Is Suing Him for $300,000
(DBN)

Fish Gotta Swim, Birds Gotta Fly: Plaintiffs Lawyers Gotta . . .
(DBN)

Court Clears Way for Trial on Merits of Long-Running Malpractice Claim
(DBN)

As MegaMerger Nears, Firm Makes Up 21 Partners, None in US
(DBN)

After Sanctions Are Lifted, Qualcomm Lawyers React: This ‘Can Happen to Anybody’
(DBN)

An Interview with One of the Qualcomm Six, Adam Bier
(DBN)

A Message for Stressed Lawyers
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Retired Lawyer Must Serve Time for Holding $30M in Art Stolen By Client, 1st Circuit Says
(DBN)

Boies Gets Ready for Banana Battle
(DBN)

Vedder Price, Milbank on $2B Deal for AIG Aircraft Unit
(DBN)

Its Leader Gone, Virtual Law Partners Soldiers On
(DBN)

Bingham McCutchen’s High-Flying ‘Diversity’ Ad
(DBN)

Feds Say Lawyer Promoted Tax Fraud Using Roth IRAs and Claimed Charity
(DBN)

Minneapolis Lawyer Accused of Stealing From Clients
(DBN)

The Ethics of Disagreeing With a Partner
(DBN)

Health Care Law Will Make Student Loan Repayment Easier for Some Future Law Grads
(DBN)

Judge Weighs Why Restaurant Asked Lawyer, Ex-NBA Star to Give Up Seats; Defense Cites ‘Gentility’
(DBN)

At Long Last, Nominees for U.S. Attorney Slots
(DBN)

Firm Sued Over Loan-Modification Work Loses Battle but Sees Resolution Ahead
(DBN)

Today's Law Schools: State of the 19th Century Art
(DBN)

Obsession With Tenure And Money Likely to Ruin the Future of Legal Education
(DBN)

LSAT Range Changes from 2005 to Today
(DBN)

Married to It
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Happiness Tips for Lawyers
(DBN)

SEC subpoenas Pre-Paid Legal Services documents
(DBN)

Pre-Paid Legal Plunges
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Trolley Frolic
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Judges:

Kagan Appears Popular with Justices, But ‘Tangles Regularly’ with Roberts
(DBN)

A Closer Look at Elena Kagan
(DBN)

Supreme Court wants more money for security; Justice Thomas cites 'volume' of threats
(DBN)

The most polite justice
(DBN)

From Justice Breyer, a Harbinger on Health Care?
(DBN)

Breyer and Thomas Discuss High Court Docket, Clerks, Cameras
(DBN)

Clarence Thomas Throws Fellow Justices, Feeder Judges, and Law Schools Under the Diversity Bus
(DBN)

Only two law schools can be a path to serving on the highest court in the land
(DBN)

High Court Nomination For '10th Justice' Would Be Rare
(DBN)

The sad state of the liberal law student
(DBN)

For high court nominee, no (political)experience necessary
(DBN)

Judge Challenged on Handling of 9/11 Case
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Wall Street:

US Stock-Index Futures Retreat
(DBN)

Why Investors Are Still Rattled
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SEC Proposes to Out Large Equities Traders
(DBN)

The Boardroom Battle That Cost Merrill’s Shareholders $50 Billion
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Layoffs:

Unemployment claims jump: latest sign that recovery will be slow
(DBN)

Lawmakers Vote to Extend Unemployment Benefits
(DBN)

There Are 6.5 Million Americans At Risk Of Never Rebuilding Their Careers
(DBN)

New York City Unemployment Rate Falls to 10% on Gains
(DBN)

Illinois unemployment edges up to 11.5%
(DBN)

Michigan unemployment rate stays at 14.1 percent in March
(DBN)

AEP to cut up to 10 percent of its workers
(DBN)

For many, being jobless can seem never-ending
(DBN)

Man with sign, suit and MBA looks for work on busy corner
(DBN)

National and State by State Unemployment Rates
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Animated Map of Unemployment
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Corporate Reform:

SEC Commissioner Paredes Slams Dodd Financial Reg. Bill
(DBN)

Some financial reforms missing from US bills
(DBN)

Big Battle Between Democrats and Republicans Over Your Money
(DBN)

McConnell lacks support to block Wall Street reform bill
(DBN)

Consensus on a Point: No Bailouts
(DBN)

GOP Warms To Breaking Up The Big Banks
(DBN)

Sen. Bob Corker: 'The bill as it now is written allows ... bailouts in perpetuity'
(DBN)

GOP Sen. Corker Defends Financial Reform Bill
(DBN)

Will Dodd's Financial Reform Bill Allow Bailouts?
(DBN)

FDIC chief says financial regulatory reform bill ends taxpayer-funded bailouts
(DBN)

Reid Wants Regulatory Reform Debate Next Week
(DBN)

US Treasury Seeks to Ease Path for Bank Seizures in Dodd Bill
(DBN)

Panel says regulators sparred while WaMu burned
(DBN)

GE Faces SEC Review After Paulson's Account of Talks
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Gambling:

State bailout likely for Off-Track Betting
(DBN)

New York OTBs could be on the way out
(DBN)

Deal to save NYC gambling agency eludes Albany
(DBN)

State's Casinos Report Less Revenue, A Day After Mass. Vote
(DBN)

MGM Grand in sales talks with Detroit
(DBN)

Icahn Reviewing Options After Losing Trump Casinos
(DBN)

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Fraud:

Rothstein's banker Spinosa to be deposed
(DBN)

Rothstein's largest investor: victim or accomplice?: With $65 million at stake, insurers claim George Levin deceived them
(DBN)

Lawyer: Rothstein Paid Clerk For "Companionship"
(DBN)

Judge freezes $33 million paid to Scott Rothstein financial adviser
(DBN)

Antigua revokes Stanford’s knighthood
(DBN)

Investors Allege Lawyer Who Jumped to His Death Defrauded Them of Nearly $28M
(DBN)

Developer Toberman gets 64 months for fraud
(DBN)

Bankruptcy trustee seeks help in Hecker case
(DBN)

Good Timing? How One Bank Cut its Link to a $1.2 Billion Ponzi Scheme
(DBN)

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Derivatives:

CFTC Poised To Investigate Naked Credit Default Swaps
(DBN)

Some Thoughts on Central Clearing
(DBN)

Geithner Pushes Derivatives Changes, Omits Spin-Off Requirement
(DBN)

‘Liquidity Puts’ That Cost Citigroup $14 Billion May Be Curbed
(DBN)

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Television:

Young 2009 Revenues Drop 16 Percent
(DBN)

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Baseball:

Texas Rangers' Creditors, Still Unhappy With Terms of Sale to Greenberg and Ryan, Threaten Bankruptcy Filing
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Celebs:

Pamela Anderson Speaks Out About Her Tax Problem
(DBN)

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Economy:

New jobless claims unexpectedly rise by 24000
(DBN)

Industrial output inches higher in March
(DBN)

Economists Are Split Over Inflation
(DBN)

Fed's Bullard wants more conditionality in low rate pledge
(DBN)

Why the U.S. recovery will be bigger, faster, and stronger than economists and politicians expect
(DBN)

Fortune 500: Profits bounce back
(DBN)

Nevada Most Stressed State in Country
(DBN)

Homeless 'Tent City' Settlers In Get Reprieve
(DBN)

The New Fortune 500 List
(DBN)

Here's Obama's Secret Plan To Drastically Reduce The Deficit And Save The Economy
(DBN)

Raising taxes on rich unlikely to cut deficit
(DBN)

Taxes On The Rich Are The Poor Man's Burden
(DBN)

Economic Stress Index
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Economy Tracker Map
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US Debt Clock
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Recovery Index
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Bailout Tracker
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Real Estate:

Foreclosure rates surge, biggest jump in 5 years
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Behind the Foreclosure Numbers: "Strategic Defaults"
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Fighting Foreclosures
(DBN)

75% Of Homeowners In Loan Modification Plan Still Owe More Than Their Homes Are Worth
(DBN)

Housing Recovery Remains Anemic, Fitch Says
(DBN)

The Impact of the 2005 Bankruptcy Law on Subprime Mortgage Performance
(DBN)

Gallup: nearly three-quarters of Americans think now is a 'good time' to buy a house
(DBN)

Fannie Mae Director Outlines Program to Turn Homeowners into Renters
(DBN)

Principal Reduction: Who Deserves It?
(DBN)

Big Four Testify On Principal Reductions
(DBN)

US mortgage rates fall for 1st time in 5 weeks
(DBN)

Outlook Foresees Increasing Amount of Distressed CRE Debt Investing
(DBN)

Calif Median Home Price Rises in Month
(DBN)

Commercial mortgage delinquencies spike
(DBN)

New Quarterly Records For Scheduled Auctions, REOs
(DBN)

Exhibit A: The Rise, and Fall, of One Commercial Project
(DBN)

Home builder's index rebounds in April
(DBN)

Foreclosures Hit New High in March, Up 19%
(DBN)

Ohio foreclosures spike in 1Q
(DBN)

Foreclosures Keep Piling Up In Connecticut
(DBN)

Many in South Florida still losing homes
(DBN)

Hundreds line up for mortgage relief program in Miami Beach
(DBN)

OC foreclosure activity rises in first quarter
(DBN)

Foreclosure more than double in Miss. over year
(DBN)

Miami World Center Front Man Marc Roberts Files Bankruptcy
(DBN)

Bills Introduced To Extend ‘Zero Down’ Home Loans
(DBN)

Fannie Modifies Waiting-Period Requirements
(DBN)

Wells Fargo Reports 523,336 HAMP Mortgage Modifications
(DBN)

More HAMP Trials Canceled Than Converted
(DBN)

The Government’s Loan Mod Bizarro World
(DBN)

Will Modification Efforts Diminish (or Just Delay)Price Declines?
(DBN)

Looking at Morgan Stanley's $8 Billion Real Estate Problem
(DBN)

Bankruptcy case delays auction of downtown Phoenix luxury condos
(DBN)

'Eamus Catuli' Wrigley rooftop club in foreclosure
(DBN)

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Pensions:

Quadrangle Group Settles Pension Fund Case
(DBN)

Dominos fall in pension probe
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Packaging:

Smurfit-Stone creditors OK bankruptcy plan
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Autos:

Visteon swings to Q4 profit
(DBN)

GMs Pension a boondogle ready to burst all over the American people?
(DBN)

US judge sets newly merged Toyota suits in motion
(DBN)

Just how many states are investigating US Fidelis?
(DBN)

Ford Says It Opposes German Taxpayer Aid for GM's Opel Unit
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Hockey:

Bettman anticipates no problems with Coyotes sale
(DBN)

Steal of a deal gets nuttier: Reinsdorf gets $200K if it flops
(DBN)

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Theme Parks:

Resilient says Six Flags bondholders undervalue company
(DBN)

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Health Care:

Federal ruling complicates Spheris bids
(DBN)

Miami-Dade leaders want bigger union pay cuts at Jackson Health System
(DBN)

St. Vincent's Hospital Layoffs Highlight Need for WARN Notice and Remedies
(DBN)

Housing Plan Survives For St. Vincent's Site
(DBN)

Obamacare scofflaws to have tax refunds withheld
(DBN)

Vion Cuts Agreement on Licenses With Yale University
(DBN)

Senate OKs short-term extension of COBRA subsidy
(DBN)

Doctors dropping patients as Medicare reimbursement cut looms
(DBN)

Noyack Medical Partners Forms Distressed Real Estate Fund
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Municipalities:

Does LA need to declare bankruptcy to deal with pensions?
(DBN)

This Is Why Cities Are Going Broke
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Threat of muni meltdown isn't limited to the U.S.
(DBN)

Bing's reality is tough love for Detroit
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Religion:

About the Vatican's response to the clergy abuse scandal
(DBN)

What Some Churches are Doing to Protect Children
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Pope Benedict has turned his back on a church in crisis
(DBN)

Catholic Church Fights Connecticut Law Repealing Statute of Limitations on Child Sexual Abuse
(DBN)

Lawyers For Sexual Abuse Victims Fire Back At Catholic Church
(DBN)

Ireland Asks Church to Pay Half of Compensation Claim
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Hotels:

Four Seasons Nevis Called a National Emergency
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Aviation:

Continental Said to Reopen Talks With United
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AA union stepping up protests of exec wages
(DBN)

Airlines of the Living Dead
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Video Rentals:

Shark Still Circling the Block
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Claims Trading:

SDNY Bankruptcy Court Thwarts Takeover by Claims Purchaser
(DBN)

March Claims Trading Report
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Plan Confirmation:

The Rise of Reinstatement: Lessons Learned from Spectrum and Charter
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Turnarounds:

Show Me the Money: Financing Options for Small and Middle Market Companies
(DBN)

To Maximize Value, Look Beyond the Bottom Line
(DBN)

Directors’ Duties In and Around the Zone of Insolvency
(DBN)

10 Major Challenges Facing Restructuring Industry Uneven Recovery, Tight Credit Plague Distressed Companies
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Private Equity:

Are Big L.B.O.’s Set for a Comeback?
(DBN)

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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
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Seminars
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Bankruptcy Statistics:

Wisconsin bankruptcy filings rise more than 20%
(DBN)

UT bankruptcies on record pace
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Litigation:

E-Discovery Threatens to 'Litigize' Arbitration
(DBN)

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Student Debt:

Senators Unveil Bill to Allow Discharge of Private Loans in Bankruptcy
(DBN)

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Tax:

Happy Tax Day: IRS Charges 7 More Ex-Clients of UBS Swiss Bank
(DBN)

2 Charged in Tax Evasion Scheme Involving HSBC
(DBN)

Preview of the Coming Tax Wars
(DBN)

10 Interesting Things We Learned From Barack Obama's Tax Return
(DBN)

Across The Country, Americans Rage Against Taxes
(DBN)

Who Pays Taxes?
(DBN)

Federal income tax: Who’s paying and who isn't?
(DBN)

Tax Burdens
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Politics:

Tea Party Tax Day Photos
(DBN)

N.Y. Democrats at Odds With Wall Street Backers
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Mass Torts:

"Rather brief" exposures enough to support $30 million asbestos award
(DBN)

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Compensation:

Obamas Made $5.5 Million in '09
(DBN)

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Credit Cards:

Consumer advocates speak out against Credit CARD Act protections
(DBN)

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Lehman:

Lehman Seeks to Spin Off Asset Manager, Deflecting Objections
(DBN)

Did Lehman's Arrangement with Hudson Violate Accounting Principles?
(DBN)

Lehman Examiner's Report Suggests Possible Fraud
(DBN)

Now We Know Why the CME Group Didn't Cooperate With the Lehman Examiner
(DBN)

Lehman Brothers reorganization plan values assets at $41b
(DBN)

Lehman Europe administration ahead of schedule, says PwC
(DBN)

PwC's Lehmans fees top £210m
(DBN)

Revealed: Who Profited From Lehman's Fall
(DBN)

Lehman takes aim at guarantee claims
(DBN)

Lehman bidders 'likely immune from suit'
(DBN)

If We Want Answers, Prosecutors Need to Get Going
(DBN)

Big banks cheated Lehman
(DBN)

Canva$ of pure hatred
(DBN)

Lehman is Dead — Long Live Lehman!
(DBN)

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IP:

Turning a Paige on Domain Name Ownership
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Retailing:

Simon vs. General Growth
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Rock & Republic Said Drawing Interest
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Venue:

Rock & Republic . . . and Venue
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Accounting:

Here's Why a Big 4 Accounting Firm Failure Is a Reality
(DBN)

Accountants embrace "Biggest Loser" contest
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Newspapers:

Bankruptcy judge orders taping documents produced
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Food/Drink:

Ex-Franchisee Seeks Relief For Taco Del Mar ‘Disaster’
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Tech:

Spansion noteholder group raises $419 mln in rival bid
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Magazines:

944 Media legal woes spurred bankruptcy
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Education:

Economy forcing students to change college plans
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Post-Confirmation:

Performance Review for Post Reorganization Equities
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Banking:

Senate panel says regulators ignored risks at WaMu
(DBN)

Bank examiners raised WaMu problems back in 2005
(DBN)

The Secret of the Banks’ Success
(DBN)

Heavy CRE Concentration Drops U.S. Century Bank to Lowest Junk Rungs
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Consumer Credit:

Unemployment checks used as collateral for payday loans
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Bankruptcy Crimes:

Woman gets jail for bankruptcy fraud
(DBN)

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UK:

Baker Tilly is trustee in Halabi bankruptcy
(DBN)

Overheating is not just an Icelandic thing
(DBN)

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EU:

Euro slides as investors turn against Greece
(DBN)

Greece problems hit European equities
(DBN)

Eurozone ministers seek ways to stem debt crisis
(DBN)

Towns in Europe Learn About Swaps the Hard Way
(DBN)

Analyst Raises Possibility of German Exit from Eurozone
(DBN)

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Greece:

Greece Moves Closer to Aid Trigger as IMF, EU Head for Athens
(DBN)

Greece leans toward aid from IMF
(DBN)

Greek PM says will tap IMF/EU aid if needed
(DBN)

Betting Against The Greek Bailout
(DBN)

Greece seeks details on rescue plan
(DBN)

Are Greece's Debt Problems Spreading?
(DBN)

Some Respite for Greece in Successful Debt Sale
(DBN)

Greek pride gives way to realism as debt crisis grows
(DBN)

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Canada:

Nortel campus hits the auction block
(DBN)

Private investigator filed for bankruptcy
(DBN)

Denials all around in Guergis-Jaffer drama
(DBN)

Corporate restructurings cost millions
(DBN)

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Latin America:

Distressed M&A and restructuring in Latin America
(DBN)

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Argentina:

Fernandez Ends Argentina's Nine-Year Default With a $20 Billion Debt Swap
(DBN)

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Portugal:

Debt Crisis Watch Turns to Portugal
(DBN)

Brussels Warns Portugal on Budget Deficit
(DBN)

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Hong Kong:

Hong Kong bankruptcies up 38 pct in March vs February
(DBN)

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