April 27, 2010

The Daily Bankruptcy News

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Law:

Weil Lawyers Will Take Stand in Lehman-Barclays "Windfall" Brawl
(DBN)

McDermott Wins Appeal of $4.4M Trial Court Sanction in Medtronic Patent Case
(DBN)

Law Firms Watch Howrey’s ‘Prescient’ Associate Training, Despite Drag on Profits
(DBN)

Suit Claims Ex-Ruden McClosky Lawyer Diverted $1.1M from Alzheimer’s Group
(DBN)

Goldman Sachs Recruits Legal Bigwigs for Defense Team
(DBN)

Line Begins to Form for Lead Counsel Committee in Toyota MDL
(DBN)

IPOs Are on Upswing but Not Related Legal Fees
(DBN)

Simpson, Cleary, Davis Polk Lead on Treasury's Citi Sale
(DBN)

"If the Client Has to Ask, You Just Lost Them"
(DBN)

BigLaw Partner Slept With Lawyer Wife's Boss, Got Spouse Fired, Suit Claims
(DBN)

As MegaMerger Approaches, BigLaw Firm Asks Attorneys to Recycle Business Cards and Whatnot
(DBN)

Young Americans for Freedom Distance Themselves from Toledo 1L
(DBN)

How Lawyers Should Handle Traffic Stops
(DBN)

Dallas firm Shackelford, Melton & McKinley adds bankruptcy attorney Frances A. Smith
(DBN)

After Web Publication Posts iPhone Pix, Cops Seize Editor’s Home Computers
(DBN)

DOJ Adds 15 New Prosecutor Jobs to Computer Hacking Team
(DBN)

Ouch! Bill for Office Lease Review Nears $6K, Including $60 for an 8-Word E-Mail
(DBN)

New 2-Year College Is Designed as Path to Law School for Onetime Underachievers
(DBN)

Law Revue Video Contest: The Finalists
(DBN)

Wake Forest Law Students: Time for the Annual Meltdown
(DBN)

Randy Quaid Accuses His Lawyer of 'Gossip-Mongering'
(DBN)

Federal Judge Authorizes Anonymous Jury
(DBN)

Disbarred Lawyer Kin To Grim Reaper?
(DBN)

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Judges:

Law Profs Propose Cure for Supreme Court ‘Cult of Celebrity’
(DBN)

This Time Around, Obama Sidestepping E-Word
(DBN)

Should Supreme Court Opinions Be Anonymous?
(DBN)

Inside the High Court: Justice Breyer and Joe Bananas
(DBN)

On the Wacky Ninth Circuit: Just How Wacky Is It?
(DBN)

As Claims of Sexual Harassment of Female Attorneys Emerge, Judge Quits Forever
(DBN)

Lawyers Get Prison; Judge Awaits Sentence
(DBN)

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Wall Street:

Futures Fall Ahead of Fed, Goldman
(DBN)

Wall Street futures little changed; focus on earnings
(DBN)

Stocks sputter after hitting '10 highs
(DBN)

BlackRock Profits Soar, Stock Sinks
(DBN)

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Layoffs:

Hundreds Camp Out For Job Opps In Queens
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Treasury to sell 1.5 billion shares in Citigroup
(DBN)

Citi slips as government announces sale
(DBN)

Citi CEO Pandit looks abroad for recovery, growth
(DBN)

Goldman Won, Investors Lost on WaMu Deal
(WSJ: separate paid subscription required)

Deutsche Bank profit surges 49%
(DBN)

Bank of China First-Quarter Profit Rises 41% on Loans
(DBN)

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Metals:

Aleris seeks OK of bankruptcy exit funding letter
(DBN)

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Lehman:

'Gone With The Wind' Studio Appears In Lehman Bankruptcy
(DBN)

Lehman Director Says He Doesn't Remember Barclays Profit Talks
(DBN)

Barclays vs Lehman: Clash of the titans
(DBN)

Trial to start over $11bn 'windfall' for Barclays
(DBN)

Was Barclays' Lehman windfall unfair?
(DBN)

Lehman 'did not expect to lose'
(DBN)

Restitute tax dollars lost in Lehman collapse
(DBN)

Shareholders Amend Lehman Suit To Include Examiners Claims
(DBN)

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Autos:

Chrysler Seeks to Block Colorado Auto Dealer Law
(DBN)

GM: Looking for Loans in All the Wrong Places
(DBN)

GM plans to spend $890M to upgrade factories
(DBN)

Auto dealers head to Senate to fight bill regulating lending
(DBN)

Visteon Execs to Split $237 Million
(DBN)

Forecast: Auto industry to add 88,000 positions
(DBN)

Marchionne Chasing Ghosn Finds Chrysler No Nissan in First Year
(DBN)

Daimler Raises 2010 Forecast After Mercedes-Benz Profit Jumps
(DBN)

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Horse Racing:

Judge approves Magna reorganization plan
(DBN)

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Hollywood:

James Bond will need all his charm to stay alive
(DBN)

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Economy:

Economists say the stimulus didn't help
(DBN)

Economists: Recovery Stronger Than Expected
(DBN)

Fed Poised to Keep Record-Low Rates to Aid Rebound
(DBN)

Will The Next Crisis Bankrupt America?
(DBN)

Meet the Real Villain of the Financial Crisis
(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:

Top 10 mortgage fraud states
(DBN)

Homeownership Hits Lowest Rates Since 2000
(DBN)

REIT American Mortgage files for bankruptcy
(DBN)

The Housing Market Has Gone Mad
(DBN)

Case-Shiller Wants You To Ignore Some Housing Data
(DBN)

Ahead of Sluggish Recovery, House Prices Show 0.3% Annual Growth
(DBN)

Hardest Hit States Submit Housing Aid Proposals, Some Offer Help Paying Mortgage
(DBN)

California Commercial Mortgage Delinquencies Drop in Q110
(DBN)

Countrywide Reportedly Settles Subprime-Related Securities Lawsuit for $600 Million
(DBN)

Appraisal Fraud Jumps 50% in 2009: MARI
(DBN)

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Corporate Reform:

Bankruptcy is the best way to address TBTF
(DBN)

Senate Republicans Reject Democrats' Financial Reform Bill...For Now
(DBN)

US bank leader sees new rules passing
(DBN)

Resolution Authority: Voting Rules
(DBN)

Resolution Authority: Missing an Umpire
(DBN)

Resolution Authority: The New Court
(DBN)

Republicans (and Ben Nelson) Block Debate of Financial Reform Bill
(DBN)

Why financial reform bill is stalled - and why it isn't dead yet
(DBN)

Gillibrand: No Plans for Amendment to Help Wall Street
(DBN)

Window Narrowing On Financial Reform
(DBN)

Poll: Most Americans back financial reform
(DBN)

Fed's Hoenig: US must lead reform
(DBN)

Senate panel finds Goldman spread risk through financial system
(DBN)

Levin accuses Goldman Sachs of running 'conveyor belt' of toxic mortgages
(DBN)

______________

Ratings:

Berating the Rating Agencies
(DBN)

S&P Puts Hertz, Dollar Thrifty on CreditWatch
(DBN)

______________

Newspapers:

Newspapers nationwide see big drops in circulation
(DBN)

Perelmans join investors bidding for newspapers
(DBN)

Philly Papers Face Milestone In Bankruptcy Fight
(DBN)

Caveat Emptor in Philadelphia
(DBN)

Rendell Says He's Matchmaking in Newspaper Auction Strictly for City's Benefit
(DBN)

______________

Aviation:

United, Continental hit obstacle in merger talks
(DBN)

JAL recovery looks gloomy / Trustees seek further route cuts as local govts protest
(DBN)

______________

Retailing:

General Growth bankruptcy exit plan hearing delayed
(DBN)

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Food/Drink:

Court OK's Fuddrucker's bankruptcy plan
(DBN)

Lollipop Tree's former owners object to bankruptcy sale
(DBN)

Life Sentence Sought By Feds for Kosher Meat Plant Exec Ignites Firestorm
(DBN)

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Health Care:

St Vincent's to sell Greenwich Village property for $48 mln
(DBN)

CBay buys Spheris for $116 mn
(DBN)

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Municipalities:

Bankruptcy 'not an option' to help LA
(DBN)

City could face bankruptcy if public safety levy is not renewed
(DBN)

______________

Celebs:

Bench warrant issued for Bergstein
(DBN)

JLo's Ex Goes Bankrupt After Second Attempt At Tell-All
(DBN)

______________

Gambling:

Judge delays ruling on Station Casinos wage lawsuit
(DBN)

______________

Litigation:

Supreme Court Justices Consider Courts' Role in Arbitration
(DBN)

Jury Awards $18.5 Million to Victim of Scoutmaster Abuse
(DBN)

______________

Finance:

CIT Group Reports Profit During First Post- Bankruptcy Quarter
(DBN)

______________

Debt Collection:

Strong Performance Reported by Agencies in First Quarter
(DBN)

______________

Accounting:

Big Auditing Firms Rocked By Repurchase Risk
(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 - (Contact us to list your seminar)

______________

Bankruptcy Bill:

Our thoughts are with you
(DBN)

______________

Fraud:

Goldman Emails: “One S—— Deal”
(DBN)

Dueling Documents Set Stage for Goldman Sachs Showdown
(DBN)

Goldman Said to Have Been in Other Mortgage Deals
(DBN)

Goldman Sachs hearing: expect more questions, not answers
(DBN)

Goldman Sachs Emails: Firm Traded Against Clients, Profited Off Their Losses ...
(DBN)

Tourre emails show agony, ecstasy of banker life
(DBN)

Senate panel: Goldman hurt customers
(DBN)

Goldman clients complained about trades
(DBN)

Goldman culture crash
(DBN)

Who Sold What? Flurry of Leaks Before Goldman Showdown in Senate
(DBN)

O'Melveny, Gibson Dunn, "Master of Disaster" Join Goldman Sachs Fracas
(DBN)

Contrite Goldman boss tells of 'one of the worst days of my life'
(DBN)

Goldman boss Lloyd Blankfein admits bank should listen to public opinion
(DBN)

Shelby: Goldman Might be 'Duplicitous' but Not 'Fraud'
(DBN)

Goldman accused of 'net short' on loans
(DBN)

Tourre: A Hero in Villain's Garb?
(WSJ: separate paid subscription required)

What Will Fab Tourre Say to Blankfein Tomorrow?
(DBN)

Goldman trader: 'The only potential survivor'
(DBN)

Ex-Goldman Trader Bought Major Stake in ACA, Shorted Subprime CDOs
(DBN)

Was ACA Goldman's Dupe or Accomplice?
(DBN)

Rise and Fall of a $1B Goldman Monster
(DBN)

Goldman Sachs Bet Against Its Own Deals, Senate's Levin Says
(DBN)

Goldman CEO says firm didn't bet against clients
(DBN)

Goldman: We've Got to Explain Derivatives Better
(DBN)

What's an Investment Bank's Fiduciary Duty to Clients?
(DBN)

'Out of thin air': Synthetic CDOs pumped bubble
(DBN)

A Few Questions for Goldman Sachs
(DBN)

4 tough questions for Goldman Sachs
(DBN)

Goldman, CEO hit with investor lawsuit
(DBN)

Lookout Goldman, Here Come the Shareholder Lawsuits
(DBN)

Goldman Sachs Investors Sue Over Abacus Disclosures
(DBN)

Goldman Sachs Is Feral Beast, And That's Not A Bad Thing
(DBN)

Goldman Employees Ready to Fight
(DBN)

Battle over Hecker's belongings moves to Crosslake
(DBN)

______________

Student Debt:

House Judiciary Subcommittee Debates Fairness of Discharging Private Student Loan Debt
(DBN)

______________

Setoffs:

Triangular Setoff Not Permissible
(DBN)

______________

UK:

Steep increase in firms at risk of insolvency
(DBN)

Rugby-Top 14 club Montauban files for bankruptcy
(DBN)

Administrators retrieve £4m for Farepak creditors
(DBN)

______________

EU:

Merkel Tells Greece, Euro Region That Bailout Isn't a Done Deal
(DBN)

Germany's CDU keeps pressure on Greece over aid
(DBN)

Euro slides, investors seek clarity on Greece
(DBN)

______________

Greece:

Emergency loans likely for Greece, official says
(DBN)

Tough Love During Talks on Greek Crisis
(DBN)

Papaconstantinou Says Markets Must Be Convinced On Greek Debt
(DBN)

Most Greeks disapprove of EU/IMF aid deal-poll
(DBN)

Greece may face multi-year crisis after aid
(DBN)

Greek crisis - it ain't over yet
(DBN)

Is Greece's Tragedy In Its Final Act?
(DBN)

Greece needs nine billion euros by 'critical' May 19: minister
(DBN)

Greek bailout: $65b just the start
(DBN)

Markets hammer Greece on fears over German help
(DBN)

______________

Ireland:

FitzPatrick fails to get case heard in camera
(DBN)

Courts still regard going bust as the option of last resort
(DBN)

______________

Germany:

KPN sees signs of German recovery
(DBN)

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