April 29, 2010

The Daily Bankruptcy News

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Law:

Lessons of The Am Law 100
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Bankruptcy Judge Rejects Dreier Agreements
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On The Firm That Lawyered Up Goldman's Abacus Deal
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Balanced Life Was a Choice, Anonymous Attorney Says
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Baby, The Rain Must Fall
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NY Rainmaker, Two Others Defect
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UK Legal Market, New Report Reveals, Relatively Flat
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Feds Poised to Pursue Worker Misclassification as a Crime
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Law Is Always in Fashion
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Bad Day for In-House Lawyers
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Goodwin Procter Partner Says Friends Were Flabbergasted at Paddy O’Prado Bet
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Why Law Firms Need a Uniform Definition of 'Equity Partner'
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Response to Misdirected E-Mail Violated Spirit of Ethics Opinion, Judge Rules
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New Associates and Their "Emotional Intelligence" Demands
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Mr. Chuck Vindicated: Mayer Brown Notifies Incoming Associates of Their Fates
(DBN)

Mayer Brown Dodges Another Refco Bullet
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Chadbourne & Parke Wants to Party With Its Laid-Off Associates
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Fixing Toyota? I Can't Say Exactly, But It's Gonna Cost Yuz
(DBN)

Gucci's Scrap With Guess Over Non-Lawyer Heats Up
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Quote of the Day: Billing Practices
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In-House Counseling: Where You Eat
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No Country for Old Men
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Another Reason to Be Nice to Your Secretary
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Former H&K Trainee Cheated on, Dumped by Swedish Princess
(DBN)

Harvard Law School 3L’s Racist Email Goes National
(DBN)

Harvard Law School 3L: Will defense be Asperger's Syndrome?
(DBN)

The Harvard Law School ‘Racist’ Email Controversy: Corrections and More Commentary
(DBN)

Women GCs Must Speak Up to Effect Change, Study Says
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City Settles Lawsuit Over Missing Boys Found Dead Inside Car Trunk
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Police: Woman Bites Man After Being Called Fat
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Texas Rep to Introduce Arizona-Style Immigration Bill
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Judges:

Federal Judge Plays Serious Hardball With Jury-Duty No-Show
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Federalist Society Launches New US Supreme Court Website
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A New Argument In Favor of Cameras in the Courtroom
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Wall Street:

US Stock-Index Futures Advance
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World stocks mixed amid caution over Europe crisis
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Dow back above 11000
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Stocks Rise in US on Fed, Earnings; Fall in Europe on Spain
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Wall Street’s Terms of Art, Endearment and Subterfuge
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Layoffs:

Warren and Troy top Forbes "Worst Cities for Jobs" list, Detroit second
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Unemployment Falls in a Majority of US Cities
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U.S high-tech industry lost 245,600 jobs in 2009
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National and State by State Unemployment Rates
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Animated Map of Unemployment
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Newspapers:

Inquirer Lenders, Investors Vie in Bankruptcy Auction
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Bidders sweeten offers for Philly newspapers
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Bidder rescinds Philly paper job cut plan
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Creditors win frenzied bankruptcy auction for Daily News & Inquirer
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Interview with James C. Tyree, Mesirow CEO and Sun-Times investor
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Autos:

A GM claim that doesn't tell the whole story
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Is the new General Motors ad misleading?
(DBN)

GM Properly Used Escrow to Repay US, Treasury Says
(DBN)

GM still in arrears
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Ford's debt problem
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Toyota Announces Another Recall
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Aviation:

JetBlue swings to loss, shares plunge
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Will Customers Be the Excess Baggage of Airline Consolidation?
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United, Continental nearing merger decision
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New rules for tarmac delays take effect today
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Aero may halt operations due to accumulated debt
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Telecoms:

Sprint Nextel cuts its customers losses to 75,000
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HP Purchase Saves Palm from Bankruptcy
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Why H-P's Palm Buy Will Fail
(DBN)

Elevation Partners Squeezes Tiny Profit From Palm Investment
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Elevation's Palm Exit Defies Naysayers
(DBN)

Did Palm Pull Off a Miracle?
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Theme Parks:

Six Flags reaches deal to emerge from bankruptcy by Monday
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Building Materials:

Bankruptcy court confirms Atrium's reorganization plan
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Economy:

Fed Keep Rates at Record Lows; Upbeat on Economy
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Financial crisis costs U.S. households an average of $100,000
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Bernanke says prompt action needed on deficit
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W.House's Orszag warns of dangers of huge deficits
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’Debt Like Cancer’ Addressed by Obama Commission on U.S. Debt
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Expect 'subpar' recovery: S&P economist
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IMF's Strauss-Kahn doesn't see W-shaped recession
(DBN)

GE Says Economy Has Stabilized
(DBN)

Small-Business Owners' Confidence Rises
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The Amazing History Of Human Economic Development
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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:

Fannie Mae Extends Incentive to Buy Their Distressed Home Inventory
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CMBS Delinquencies Could Rise To 9% By Midyear
(DBN)

Debate Rages Over Supply of Foreclosed Homes
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Hank Paulson’s Washington Home Listed at $4.6 Million
(DBN)

Home Builders Succumb to Tax Credit Madness
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Former Premier president copes with aftermath of bankruptcy
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Religion:

Vatican: Pope may apologize for abuse by priests
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Will Bishops Handle Abuse Cases Differently?
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Fraud:

Goldman Shows It Can Still Lobby Hard
(DBN)

Always bet on Blankfein
(DBN)

Lloyd Stayed Even Later
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Lloyd Blankfein Is No Quitter
(DBN)

Paulson Deal Had Been Rejected
(DBN)

Goldman's more than a Wall Street toll collector
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Is Goldman evil or just doing its job?
(DBN)

In Goldman E-Mails, How to Sell Junk
(DBN)

The Myth of the Sophisticated Investor
(DBN)

Learn to Love the Goldman Inquisition
(DBN)

Anger, Worry for Employees
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Goldman Sachs' soul search--sincere or strategy?
(DBN)

Free Fab? Is Goldman Preparing to Throw Tourre Under the Bus?
(DBN)

More on Fab Fab’s Testimony: Did the SEC Score Points After All?
(DBN)

John Paulson: Goldman Scandal's Real Ringmaster?
(DBN)

Is what Goldman Sachs did nothing but gambling?
(DBN)

The "Alpha Deception" Is The Real Reason Blankfein Won't Admit To Being A Bookie
(DBN)

A Return to Old-Fashioned Principles
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Goldman Sachs Hearing: Senators Wield Oversimplified Metaphors, Execs Fight Back With Stonewalling
(DBN)

Grading Goldman's Witnesses: From Blankfein to Birnbaum
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Goldman Sachs: Bloodied, Bruised but Still Profitable
(DBN)

Dowd: Olive Oil and Snake Oil
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Goldman Top Boss Lloyd Blankfein Denies Moral Obligation Towards Clients
(DBN)

Goldman Sachs: Let the clients beware
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Prison Garb for the Goldman Gang
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"Fahgetaboutit!" Goldman Sachs to US Congress :)
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How Goldman might seek redemption
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Denver: Alleged Ponzis came in threes
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Credit Cards:

Charge offs increase, though delinquency level shows potential for better future
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Health Care:

Florida Legislature budgets $50 million to struggling Jackson hospital
(DBN)

Moll Industries files Ch 11 to avoid fire sale of equipment
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Here’s What Primary Care Doctors Do All Day
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2010's 1Q Hospital Mass Layoffs Keep Pace with 2009's Record Levels
(DBN)

St . Vincent's tragic, undeserved end
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Residents Skeptical Over St. Vincent's Replacement
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Compensation:

Sharper Image Gets All-Clear To Chase Ex-CEO's Severance
(DBN)

Where the Bonuses Are Biggest
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Investor calls for capping executive severance
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Switzerland Takes Step to Cap Banker Bonuses
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Resorts:

Whistler owners refinance debt, negotiate new loan
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Distressed Investing:

Debt Buyers Report Huge Earnings in First Quarter
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Accounting:

Compensation Watch '10: Ernst & Young Re-reassures Merit Increases
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Gambling:

Station Casinos: Boyd Gaming meddling in bankruptcy case
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Municipalities:

Harrisburg Closer To Bankruptcy
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AIG:

AIGs $182 Billion Bailout Has Stabilized It, GAO Reports
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Student Debt:

Late Payments On Student Loans Drops In Q4
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Oil/Gas:

Leaking oil well lacked remote shutoff switch
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Gulf oil spill 'five times' larger than estimated
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Oil and Water
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Litigation:

Forum Shopper's Remorse
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New Bankruptcy Opinions
(1 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Insurance:

Goldman Suit Won't Change D&O Pricing, Experts Say
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Corporate Reform:

An Advocate For the Average Citizen
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Geithner May Be Criminally Charged?
(DBN)

Senate Dems warn of all-nighter to force GOP on Wall Street reform bill
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Republicans to back down on US financial reform
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Obama Welcomes End of Financial Regulation Impasse
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The Good and Bad of the Republican Financial Reform Alternative
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Dodd Bill Endgame
(DBN)

Harry Reid: Republican party's filibuster 'anti-American'???
(DBN)

Legislating a Conscience on Wall Street
(DBN)

Foxes Ask For Sturdier Henhouses
(DBN)

McCaskill defends use of salty language during senate hearing
(DBN)

Goldman Scrutiny Makes Case For 'Volcker Rule,' Senators Say
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Financial Literacy:

Study shows correlation between financial literacy and foreclosure
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Debt Collection:

Lawsuits Filed Against 525 Agencies, Creditors In Two-Week Period
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Retailing:

Bill Ackman Thinks General Growth Properties Can Double Over Next Several Years
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Walking Co. Emerges from Bankruptcy
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Gottschalks Plans A Comeback
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Lehman:

Lehman Brokerage Sale Was Good for US, Lawyer Says
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Food/Drink:

Sentencing hearing begins in slaughterhouse case
(DBN)

Rubashkin's lawyers, prosecutor argue over Agriprocessors lender's loss
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Chemicals:

Tronox Wins More Time to Control Its Bankruptcy Case
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Hotels:

SW Boston Hotel Venture Seeks Chapter 11 Bankruptcy Protection
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Tahoe Ritz Carlton Checks Out, Defaults
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UK:

How Kerry Katona is coping with bankruptcy
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Top 14 club files for bankruptcy
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British April house prices up 1%: Nationwide
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EU:

Euro Rises After IMF Boosts Pledge to Aid Greece
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Spain downgraded, Europe debt crisis widens
(DBN)

Everything You Need To Know About The Rapidly Approaching Crisis In Spain
(DBN)

Here's The Presentation Spain Is Using To Convince The World It Can Borrow Money
(DBN)

Meanwhile, the Euro Zone Approaches an Implosion Point
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The Cohesion Crisis
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Reining in Europe's debtor nations
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IMF warns Greece fallout could spread to Europe
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Merkel: can't allow Greece to suffer Lehman's fate
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Angela Merkel rides Germans' anger at Greece
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Merkel says need long-term solution for Greece
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Angela Merkel's Big Fat Greek Circus Act
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Europe's next bankruptcy candidates?
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Greece:

Obama concerned about Greek debt, monitoring closely
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Greek bank woes pose new risk in debt crisis
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Greece Will Need up to 135 Billion Euros
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Already Holding Junk, Germany Hesitates
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World leaders urge Greece to wield spending axe
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Talk of bigger Greek aid plan takes edge off contagion fears
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Germany Has Big Investment in Greece -- Even Before a Bailout
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IMF and European Central Bank turn the screws on Germany to help Greece
(DBN)

Merkel Says Greek Euro Entry Not Based on 'Sustainable Factors'
(DBN)

New measures necessary for EU-IMF loans
(DBN)

Hope and anger as Greeks adjust to challenge of changing the country
(DBN)

Greek distress could stimulate divergent costs of capital
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Rhodes to ruin
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Middle East:

Dubai Says JPMorgan, BofA Back Refinancing of Almatis's Debt
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Germany:

Karstadt bidder Triton gets more time
(DBN)

Germans Resent Plans To Bailout Greece
(DBN)

German Jobless Drops as Economy Shrugs Off Winter, Greek Crisis
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Spain:

Spanish stocks slump after S&P credit downgrade
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