April 23, 2010

The Daily Bankruptcy News

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Law:

Clifford Chance Cuts Management Duties So Partners Can Bill, Baby, Bill
(DBN)

Lehman Lawyer Slams Financial Reform Proposals
(DBN)

Will Big Banks Pay Back Their Bailouts Through Biglaw?
(DBN)

Lawyers in ‘Lower Upper Class’ Begin Revolt with Goldman Case, Columnist Says
(DBN)

K&L Gates Founder Hates the Rich
(DBN)

Rothstein exotic car, yacht auction June 3
(DBN)

Another Legal Issue for Goldman: Should It Have Disclosed the Investigation to Investors?
(DBN)

Merged Hogan Lovells to Amp Up Corporate Practice in New York & London
(DBN)

Kirkland, Baker & McKenzie on $1.9B BofA Private Equity Sale
(DBN)

Lawyer Suspended for Hiding Client's 'Ironic' Death During Settlement Negotiations
(DBN)

Firm's starting salary rumored to be cut by 7%
(DBN)

6th Circuit Says No to Sanctioning Law Firms Over Meritless Suit
(DBN)

When is an equity partner not an equity partner?
(DBN)

Firm Partner Embroiled in Termination Dispute Involving Claims of Affair, Retaliation and Racial Bias
(DBN)

Did Ruden McClosky Take $1.1 Million From an Alzheimer's Organization?
(DBN)

Blago Moves To Subpoena Obama!
(DBN)

The Shrinking Legal Publishing World
(DBN)

A LinkedIn Profile Is Only the Beginning
(DBN)

Troutman Elects New Managing Partner, Delegates Some Roles Held by Chairman
(DBN)

Feds Waited Too Long to Pursue In-House Lawyer in False Claims Act Case, Judge Rules
(DBN)

Former Epstein Becker Shareholder Claims Firm Kept His Money
(DBN)

Last Surviving U.S. Prosecutor at Nuremberg Trials Dies
(DBN)

‘Trial From Hell’: Prosecutor Posts on Facebook; Jurors Text; Bailiff Chats in Deliberations
(DBN)

Matchmaker Says Artistic Types Are Often Better Dates for Lawyers
(DBN)

A Different View of the Case of the Destitute Millionaire
(DBN)

Top 8 Reasons to Take Pro Bono Cases
(DBN)

Firms advise clients not to pay for volcano time
(DBN)

Arizona House to Obama: No Birth Certificate, No Ballot
(DBN)

Lawsuit of the Day: Playing for the Wrong Team?
(DBN)

Lawyer of the Day: Brandon White Stranded in Gilligan’s Trial
(DBN)

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Judges:

Scotus Pick News: No Abortion ‘Test’; Welcome Judge Williams!
(DBN)

Meet Judge Diane Wood, a ‘Philosophical Outlier’ on the 7th Circuit
(DBN)

Potential Supreme Court pick Garland could find foes on left
(DBN)

A Concurrence In The Case Against Elena Kagan
(DBN)

An all women Supreme Court?
(DBN)

Nine Supreme Court justices? Why not stick with eight?
(DBN)

Courtly Love - Why an affair fails the 'ick' test.
(DBN)

Hogan Partner to Take Over EDNY; Madoff Judge to 2nd Circuit
(DBN)

Council Elects Kirscher to Bankruptcy Appellate Panel
(DBN)

Congratulations to Judge Denny Chin!
(DBN)

Federal Judges Still Finding Their Way on Post-'Booker' Sentencing
(DBN)

Judge Resigns, Avoiding Ethics Probe re Alleged Relationship with Prosecutor - News
(DBN)

I Did Nothing Wrong - Judge Linked to 'Lawmiss' Post
(DBN)

Jury's 'Tasteless' Gifts Lead to New Hearing
(DBN)

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Wall Street:

Stock Futures Rise, Point to Higher Opening
(DBN)

Euro, equities bounce, expect Greek aid call
(DBN)

Stocks Rise as Goldman, Other Banks Gain after Obama speech
(DBN)

Stocks cut losses after Greece-induced slump
(DBN)

Obama to Wall Street: 'Join Us, Instead of Fighting Us'
(DBN)

Wall Street to Obama: Hands off!
(DBN)

Did Obama Go Easy on Wall Street?
(DBN)

Banks complained about regulations in 1933, too
(DBN)

Why Wasn’t Jamie Dimon at Obama’s Speech Today?
(DBN)

Goldman's Grand Gesture
(DBN)

US IPOs mostly get lukewarm reception
(DBN)

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Layoffs:

Initial jobless claims fall after previous increases
(DBN)

Detroit area unemployment rate is 15.5% in March
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Compensation:

Big bonuses are back. Backlash isn't.
(DBN)

U.S. regulators to further rein in bank executive pay
(DBN)

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Rating Agencies:

Amid Goldman Fraud Case, Scrutiny of Rating Agencies Increases
(DBN)

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Metals:

Volcano Disrupts Aluminum Maker's Chapter 11 Case
(DBN)

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Tax:

Obama taxes to cost richest NYers $95K a year
(DBN)

Swiss Court Limits UBS Clients Who Can Block Tax Data
(DBN)

IRS Agent Didn't Report $41,842 in EBAY Sales
(DBN)

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Telecoms:

Verizon profit falls 75%
(DBN)

Prepaid is the New Wireless Battleground
(DBN)

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Newspapers:

New York Times, McClatchy Drop on Continuing Print-Ad Slump
(DBN)

McClatchy reports first-quarter profit, says ad picture improving
(DBN)

Times Shows Newspaper Bottom Lines Aren't Red All Over
(DBN)

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Private Equity:

Blackstone Said to Weigh Reworking $4.9 Billion Debt
(DBN)

Blackstone earnings rise, distribution changes
(DBN)

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Retailing:

Simon says it improved offer for General Growth
(DBN)

General Growth mall tenants just want a new owner
(DBN)

Brookfield, Simon Spar Over Fees, Anti-Trust
(DBN)

Amazon profit up 68 pct; outlook scares investors
(DBN)

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Health Care:

Two local lawyers file suits to keep St. Vincent's open
(DBN)

Report: ObamaCare will increase nation's healthcare costs
(DBN)

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Mining:

Sunshine Mine lease holder sold for $24 million
(DBN)

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Horse Racing:

Hearing continues on Magna reorganization
(DBN)

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Orchestras:

Philadelphia Orchestra: Is Anyone Listening?
(DBN)

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Fire Fighting:

Small fire districts fear losses in equipment maker's bankruptcy
(DBN)

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Apparel:

Battle Continues Over Rock & Republic
(DBN)

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Hockey:

More to Coyotes fight, Cuban says
(DBN)

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Economy:

Home sales rise as unemployment claims fall
(DBN)

Food costs jump most in 26 years
(DBN)

American Express Reports Cardholder Spending Up
(DBN)

Banks Cut Emergency Borrowing From Federal Reserve
(DBN)

First Quarter Shows U.S. Businesses Are Making A Comeback: Experian
(DBN)

Fed makes record payment to the Treasury
(DBN)

The uppers vs. the ultras
(DBN)

C. Bankers: Collapse Averted, not Debt Crisis
(DBN)

Get Ready for More Taxes
(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:

Mortgage rates unchanged from last week
(DBN)

March existing home sales jump 50% in Chicago
(DBN)

Existing Home Sales Switch Gears and Drive Upwards, But For How Long?
(DBN)

Hamptons home sales soar
(DBN)

Home Prices Drop Again in FHFA Report
(DBN)

Countrywide Home Loans in $150 Million Fight With Mortgage Insurer
(DBN)

Commercial Mortgage Mods at the Mercy of Special Servicers
(DBN)

Home Sales Surge in Southern Cities
(DBN)

IRS: Homeowners that use a short sale to avoid foreclosure won't be taxed
(DBN)

The Homeowners Whose Loss Was Paulson's $1 Billion in Gain
(DBN)

Underlying Goldman Deal, a Different Set of Risk-Takers
(DBN)

Foreclosed-Upon Homeowner Fails to Be Angry That John Paulson Made Billions Shorting His House
(DBN)

John Paulson Now Bullish on Housing
(DBN)

Tax Credit Extension? Don't Bet the House On It
(DBN)

A Small Shot of Hope for Jumbo Mortgages
(DBN)

No Foreclosures in North Carolina Until Modification Options Exhausted
(DBN)

U.S. Offers a Hand to Those on Eviction’s Edge
(DBN)

The Real State of the Housing Market
(DBN)

Counties using federal money to buy, sell foreclosed homes
(DBN)

The Real Reason Banks Won’t Modify Your Loan
(DBN)

Termini's latest: Saving the Statler
(DBN)

Madoff site nears foreclosure
(DBN)

Commercial, Multifamily Originations Fell 46% In '09
(DBN)

Trump's Apprentices? Real Estate's Biggest Jerks
(DBN)

Company seeks bankruptcy after Elvis Presley resort plans fizzle
(DBN)

Observations On the Distressed Property Buying Market
(DBN)

Commercial Realtor Volume, Income Dropped Sharply Last Year
(DBN)

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Fraud:

Goldman CEO: SEC Fraud Suit Will 'Hurt America'
(DBN)

Goldman Sachs Should Cut Losses in SEC Standoff, Lawyers Say
(DBN)

Levin summons Goldman Sachs execs to Congress for hearing Tuesday
(DBN)

Buffett comfortable with Goldman
(DBN)

Goldman Director Gave Tip on Buffett Deal
(DBN)

How Goldman Abandoned the Real Economy
(DBN)

Geithner Says SEC Didn't Give Advance Notice of Goldman Suit
(DBN)

Goldman Boss Visited White House as Firm Tangled With SEC Over Potential Fraud Case
(DBN)

Main Investor in Goldman Deal May Have Caused Losses
(DBN)

The Billion-Dollar Question in the Goldman Deal
(DBN)

SEC-Goldman CDO Would Have Performed Poorly Without Paulson
(DBN)

Did John Paulson Undermine Goldman's 'Big Boy' Defense?
(DBN)

Is John Paulson Watching the Kudlow Report?
(DBN)

Goldman Sachs: Paulson Told ACA He Was Short CDOs
(DBN)

SEC Charges Won't Be the End of Goldman, Hintz Says
(DBN)

The Goldman Scandal
(DBN)

Will Goldman Settle? An Argument for Yes
(DBN)

SEC can win without a Goldman trial
(DBN)

Fabrice Tourre's Landlord Says Tourre Was A Square Who Went Jogging, Once Broke His Sink And Was NOT A Fabulous Fab
(DBN)

Obama Doesn't Intend to Give Back $1 Million in Goldman Campaign Donations
(DBN)

Goldman Sachs will only exacerbate its problems by complaining
(DBN)

Goldman's ABACUS: The Difference Between a CDO and a Synthetic CDO
(DBN)

Abacus: From Routine Deal to Disaster
(DBN)

The Goldman deal was morally wrong
(DBN)

The bank left holding the can
(DBN)

Betting Against Goldman
(DBN)

US Woes Threaten Goldman's Government Business
(DBN)

Feds: Madoff lieutenant's family can keep $178K
(DBN)

Madoff's CFO Ordered to Forfeit Billions
(DBN)

Merrill Lynch Suit May Resemble Goldman Sachs Fraud Case
(DBN)

Creditors to be repaid in Solomon Dwek bankruptcy case
(DBN)

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Aviation:

US Air out of merger talks, Southwest posts profit
(DBN)

New York Exemption Is Denied for Tarmac Time Limit
(DBN)

Spirit Airlines' New Seats Don't Recline: Flights Without Legroom
(DBN)

Southwest Airlines ekes out $11 million profit
(DBN)

European Airlines Want Their Money Back
(DBN)

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Politics:

Lobbying expenditures drop for many firms in first quarter
(DBN)

John Boehner slams Goldman Sachs' clout -- but pockets its cash
(DBN)

US Fed Up with Political Incivility
(DBN)

Friend to Wall Street, Schumer Is Suddenly Quiet
(DBN)

A Wall Street Ally Balances Loyalties
(DBN)

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Food/Drink:

Fuddruckers closes 24 locations
(DBN)

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Hotels:

Starwood Capital to Make New Bid for Extended Stay
(DBN)

Sagamore Hotel wants judge to halt sale
(DBN)

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Hollywood:

MGM Struggles Could Threaten 'Stargate: Universe'
(DBN)

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Student Debt:

Congress considers easing student-loan burdens
(DBN)

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Consumer Finance:

Bill targets payday lending
(DBN)

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Religion:

Church Abuse Victim Sues Pope, Senior Vatican Officials
(DBN)

Lawsuit tries tough sell: Vatican as business
(DBN)

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Rail:

Union Pacific Profit Jumps 43 Pct as Demand Rises
(DBN)

Caltrain data shows path to bankruptcy without electric railroad
(DBN)

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AIG:

U.S. said to weigh two-year AIG exit strategy
(DBN)

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Accounting:

Here’s What Happens When You Lie to Your Auditors
(DBN)

Cash-strapped Clients Could Force Accounting Firms to Come Up with Creative Cost Savings
(DBN)

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Art:

Fresno Metropolitan Museum to Return Ansel Adams Prints to Family
(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
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars
(DBN)

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Lehman:

Lehman Bankruptcy Bill Approaches $750 Million
(DBN)

Lehman Liquidator Fees Top a Quarter-Billion Dollars
(DBN)

If only Perry Mason could run the trial of Lehman Brothers
(DBN)

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Corporate Reform:

Republicans Block Start of Debate on 'Bailout' Bill
(DBN)

Obama Financial Regulatory Reform Cheat Sheet
(DBN)

Senate panel: Rating agencies deliberately inflated ratings of toxic assets
(DBN)

Documents Show Internal Qualms at Rating Agencies
(DBN)

Banker-to-Bikers Fights to Keep Fed Oversight of Small Lenders
(DBN)

Heavy-Handed Politics Could Boost Bank Reform, Stock Prices and the Economy
(DBN)

SEC's Timing Seals Overhaul Deal
(DBN)

SEC staffers watched p--- as economy crashed
(DBN)

An Ex-Goldman Man Goes After Derivatives
(DBN)

Dance of the Derivatives
(DBN)

Constitutionality of Proposed Resolution Authority?
(DBN)

Resolution Authority -- Part 1 (Safe Harbors)
(DBN)

Resolution Authority, Part I: What's Wrong With the Republicans' Argument
(DBN)

Resolution Authority, Part II: What's Wrong With the Dodd Bill
(DBN)

The President on Financial Reform
(DBN)

Corruption Enforcement Actions Surge, Follow-On Lawsuits Emerge
(DBN)

Financial Reform's 'Public Option' - How President Obama's consumer-protection plan threatens his plan to rein in Wall Street excess.
(DBN)

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Autos:

So GM is all paid up? Well, not quite
(DBN)

GM Repaid the US with US' Own Money, Senator Says
(DBN)

2 from GOP criticize aid to car firms
(DBN)

AutoNation 1Q profit jumps as car buyers return
(DBN)

Chrysler Might Have a Future Yet
(DBN)

Fiat and Chrysler: The Sergio Marchionne way
(DBN)

Fiat expects billions in savings with Chrysler merger
(DBN)

US Fidelis attorney hopes for bankruptcy agreement in weeks
(DBN)

China embraces freedom of the road
(DBN)

Can China Save GM?
(DBN)

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Banking:

More Willingness to Switch Banks
(DBN)

Regulation could make bank FAT tax unnecessary
(DBN)

Without federal aid, banks plot different course
(DBN)

WaMu hearings shed light on seizure, sale
(DBN)

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Baseball:

Say It Ain't So. Uh-Oh, It's So.
(DBN)

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Credit Cards:

How the Credit CARD Act WON’T Help Consumers
(DBN)

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Celebs:

Former Pistons star Mahorn files for bankruptcy
(DBN)

Why Jennifer Lopez's ex husband going for Bankruptcy ?
(DBN)

So, What Do NFL Rookies Spend All Their Money On?
(DBN)

Lohan Told She Must Show Up For May Deposition
(DBN)

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Gambling:

Boyd objects to Station Casinos bankruptcy plan
(DBN)

Morgan Stanley's monstrous loss in Atlantic City
(DBN)

Five Atlantic City Casino Properties for Sale
(DBN)

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Credit Counseling:

Court Orders Credit Repair, Mortgage Relief Firms To Pay $7.5M
(DBN)

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Derivatives:

Derivatives traders search for ways to appease regulators
(DBN)

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Municipalities:

RI city says bankruptcy should be option
(DBN)

Kentucky City Contemplates Bankruptcy
(DBN)

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Corporate Governance:

Delaware Judge Drops Lead Lawyers, Challenges Business as Usual
(DBN)

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UK:

UK economic growth slows to 0.2%
(DBN)

U.K. Finance Jobs May Take Decade to Recover From Credit Crisis
(DBN)

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EU:

Europe stocks hit as Moody's cuts Greece, deficit revised up
(DBN)

EU architects survey cracks in monetary union
(DBN)

Survey Suggests Recovery Taking Hold in Europe
(DBN)

Europe Overwhelmed In A Sea Of Sovereign Debt Hogs
(DBN)

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Greek:

Greek gov't meeting ends with no aid announcement
(DBN)

Greek Debt Rating Downgraded; Deficit Grows
(DBN)

Moody's: European Dithering is Harming Greece's Efforts
(DBN)

Greek prime minister announces activation of EU/IMF aid package
(DBN)

Greek Two-Year Note Yields Jump Over 11% Amid Talks
(DBN)

A Bad Day For Greece
(DBN)

Greece is the word
(DBN)

Markets Pushing Greece to the Brink
(DBN)

Greece Faces "Historic" Decision To Avoid The Worst - PM
(DBN)

This is what the Greece endgame looks like
(DBN)

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Canada:

Bank of Canada says rate hikes 'appropriate'
(DBN)

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Ireland:

Ireland's budget deficit highest in EU
(DBN)

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Japan:

Backlash Builds in Japan to New Rules for Banks
(DBN)

Japan's Growing Poverty Rate
(DBN)

Bankruptcy wasn't my idea, Geos president states
(DBN)

Students stunned by Geos bankruptcy
(DBN)

Classes resume at bankrupt language school Geos
(DBN)

Bankruptcy of Geos blamed on shrinking market
(DBN)

Geos' fate sealed by failure to react quickly to rapid drop in demand
(DBN)

Morgan Stanley fund in debt extension in Japan
(DBN)

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Ukraine:

New gas deal with Russia to save Ukraine's Naftogaz from bankruptcy
(DBN)

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New Zealand:

Bankruptcy numbers rise
(DBN)

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Haiti:

Haiti Wants Food Aid to Stop?
(DBN)

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China:

High Profile Bankruptcies Spotlight PRC Bankruptcy Law
(DBN)

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Germany:

German business confidence edges higher again
(DBN)

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