August 10, 2010

The Daily Bankruptcy News

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Law:

Facing Shrinking Revenues, Small Firms Hike Fees, Cinch Belts
(DBN)

Does Milbank Raid Suggest Law Firms Are Readying for an M&A Comeback?
(DBN)

Milbank, Fried Frank Hit Jackpot With Station Casinos Bankruptcy
(DBN)

Is Wachtell Overrated?
(DBN)

Linklaters heads up trio of firms on $3.2bn RBS private equity sell-off
(DBN)

Recruiter's Complaint Suggests Rocky Road to Bingham-McKee Merger
(DBN)

Law Schools See Signs of Better Job Opportunities for Students
(DBN)

Florida Lawyer Holds a $5,000 Contest to Find Him a Job in California
(DBN)

Energy + Bankruptcy = Deal Time!
(DBN)

Summer Associate Etiquette 101: Share Your Bottle of Wine
(DBN)

Meet the Househubby
(DBN)

14-Year-Old Impresses Law Firm With Document-Review Abilities
(DBN)

Ex-NY Partner Reveals Hefty Salary in Campaign Disclosures
(DBN)

Are NY Law Firms Outsourcing Legal Work to India? One Admits It, One Denies It
(DBN)

Keeping Legal Work From Moving to India
(DBN)

Texas Firm Grows, But Mainly in Manhattan
(DBN)

How HP's General Counsel Handled Company's Sex Harassment Nightmare
(DBN)

Ill. to Pay Only 40% of its Share of Salaries for State’s Attorneys, Public Defenders
(DBN)

Boies Schiller Partner Takes ABA Helm
(DBN)

Discrimination Suit Against Covington Heats Up Again
(DBN)

Seyfarth Lawyer Warns Take-Out Stand About ‘Lizard-Like’ Monsters
(DBN)

Lawyer Realized Early that Bedbugs Were Going to Be Big
(DBN)

Is Teaching at Law School a Form of Community Service? Bill Lerach Thinks So
(DBN)

Power to the People: The ‘Citizens’ Panel’ is Shaking Up Japan
(DBN)

Shreveport to be home of new LC law school
(DBN)

The Value of Law School “Eliteness”
(DBN)

With Lease Running Out, Is Firm Aiming to Axe Office?
(DBN)

Ruling in Allen & Overy Layoff Dispute Reopens Debate Over French Associates
(DBN)

Harvard Prof Sees Legal Profession in Turmoil
(DBN)

Race Is On to Claim Famed Lawyer's Fleet of Vintage Cars
(DBN)

Career Alternatives: Starving Artist Emory Law Grad Eugene Ahn Gives Up Labor Law for Rap
(DBN)

Clifford Chance Partner Charged with Hitting Girlfriend
(DBN)

Attorney Suspended For Paying Receptionist Under The Table
(DBN)

Sentencing Delayed for Defendant as He Plays Poker in Restitution Effort
(DBN)

Senator Proposes Constitutional Amendment to Combat ‘Birth Tourism’
(DBN)

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Judges:

Using the High Court’s Bench: A Solution to the Recusal Problem?
(DBN)

Supreme Court Rearranges Schedule With Kagan in Mind
(DBN)

Kagan Sworn In, with Three Major Constitutional Disputes Looming
(DBN)

Justice Ginsburg: Confirmations Should Be Less Contentious
(DBN)

Scalia unhurt after he tripped outside restaurant
(DBN)

In defense of the new judicial activists
(DBN)

For Third Time, Blogger Charged With Menacing Judges Goes on Trial
(DBN)

Judge's Rant at Pro Se Litigant Draws Ethics Charges
(DBN)

Bizarre Meltdown in Produce Aisle, Drunk Driving Arrests Haunt Lawyer Running for Bench
(DBN)

Here Comes the Judge — and Check Out Her Peep-Toe Shoes!
(DBN)

Judges order pregnant woman to be flogged, shot dead
(DBN)

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Courts:

While most state courts face harsh budget cuts, this court gets a $48 million 'Taj Mahal'
(DBN)

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Wall Street:

Stock futures fall ahead of Fed meeting
(DBN)

Quiet Day Ends With Moderate Gains on Wall Street
(DBN)

The Rise of the Permabears
(DBN)

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Layoffs:

Some Firms Struggle to Fill Jobs
(DBN)

Executive: Why I'm Not Hiring New Workers
(DBN)

Movie Gallery lays off hundreds
(DBN)

Bill would freeze federal workforce at 2009 levels
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Asbestos Is A Good Lesson For BP — To Avoid
(DBN)

Law School Dean, Former Judge Named to BP Fund
(DBN)

BP spill costs rise to $6bn
(DBN)

BP $20 Billion Oil-Spill Compensation Fund Agreement Completed With U.S.
(DBN)

BP Deposits $3 Billion in Spill Fund
(DBN)

BP, Anadarko Lead Energy Rebound as Cap Stops Spill
(DBN)

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Mass Torts:

GM's Estate May Face Billions in Asbestos Claims
(DBN)

CSX points at 1,400 dismissals in fraud case against law firm
(DBN)

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Fraud:

Madoff Judge Erred in Ruling Over Recovery of Fake Profit, Customers Argue
(DBN)

SEC, Tourre Had Preliminary Talks, Agency Lawyer Says
(DBN)

Judge in 'Fabulous Fab' case offers to sell Goldman IRA
(DBN)

‘Fabulous Fab’ Tourre Gearing up for Paper Flood Ahead of Trial
(DBN)

Goldman Under Investigation in U.S. and U.K.
(DBN)

Lawyers prepare to reopen 'honest services' cases in wake of Supreme Court ruling
(DBN)

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Industrial Equipment:

Hilco Industrial Completes Asset Sale in Miller Bros. Coal Company Bankruptcy
(DBN)

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Bankruptcy Crimes:

"Spanky" Macher, Roanoke's ex-tow truck magnate, charged with bankruptcy fraud
(DBN)

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Video Rentals:

Blockbuster shareholders strike back
(DBN)

Will Blockbuster Make Its Debt Payment?
(DBN)

Blockbuster Bankruptcy Imminent, Analysts Say
(DBN)

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Economy:

Stocks, U.S. Futures Climb on Stimulus Speculation
(DBN)

Economists cut forecasts and see more Fed action
(DBN)

Fed ponders more easing as economy stumbles
(DBN)

U.S. Incomes Tumbled in 2009
(DBN)

Fed paper sees recession odds rising
(DBN)

Fed Shifting Its Debate to Deflation
(DBN)

Inexperienced Companies Chase U.S. School Funds
(DBN)

6 Curious Displays of How the Struggling Economy Is Hitting the Middle Class
(DBN)

Fooled By Stimulus: Economists Still Missing The Huge Economic Regime Change
(DBN)

PIMCO: US On Verge of Turning Japanese?
(DBN)

U.S. executives less optimistic on economy, hiring
(DBN)

Obama overtures to business fall flat
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

`Buy and Bail' Homeowners Get Past Mortgage Hurdles From Fannie, Freddie
(DBN)

Fannie Mae brings back no-downpayment mortgages
(DBN)

$125 Million Shareholder Settlement Approved in New Century Financial Collapse
(DBN)

Analysts Warn Home Sales and Prices Not Yet at Rock Bottom
(DBN)

Rasmussen: Mass mortgage forgiveness deeply unpopular
(DBN)

Freddie Mac needs $1.8 billion more from taxpayers
(DBN)

Fannie Mae, Freddie Mac losing political support
(DBN)

Fannie and Freddie's Foreclosure Barons
(DBN)

Sen. Bacchus Calls for Investigation into Fannie Mae Whistleblower Allegations
(DBN)

Zillow Sees 3.6% Dip in US Home Prices as More Underwater Mortgages Come up for Air
(DBN)

Ackman on Path to Own NYC's Stuyvesant Town
(DBN)

Pershing, Winthrop Make Move on Stuyvesant/Peter Cooper
(DBN)

Gencom Restructuring Out of Mortgage Mess
(DBN)

Second bidder emerges for Statler
(DBN)

Can "Delay and Pray" Save Commercial Real Estate?
(DBN)

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Corporate Reform:

Memo to Dodd: Elizabeth Warren is Worth the Fight
(DBN)

Nominees will be crucial in enactment of new Wall Street law
(DBN)

Durbin and Levin back Elizabeth Warren
(DBN)

Bank in Maxine Waters case was weakest to get TARP funds
(DBN)

Merrill’s Downfall Provides Disclosure Lesson
(DBN)

Feds 'Carving Out' More Cases Against Individual Execs — So What Can GCs Do?
(DBN)

Lawyer Season
(DBN)

______________

Politics:

Panic at White House over stalled economy
(DBN)

Ethics panel charges Rep. Maxine Waters with 3 violations
(DBN)

Is the Tea Party Going Broke?
(DBN)

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Autos:

For GM, a Subprime Solution
(DBN)

Revenue Rises, and Chrysler Narrows Its Loss in Quarter
(DBN)

Chrysler Loss Narrows to $172 Million on Lower Costs
(DBN)

Chrysler posts $183M operating profit for second quarter
(DBN)

Chrysler faces long drive to profitability, says Sergio Marchionne
(DBN)

Recovery ‘a long, slow slog’ for Detroit 3
(DBN)

Visteon second-quarter loss widens on interest, benefit charges
(DBN)

GM Done Fighting with Dealers Over Closures; Now Fighting Over Facility Upgrades
(DBN)

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Marketing:

EMAK Worldwide Files Voluntary Chapter 11 Petition for Relief from Legal Fees
(DBN)

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Health Care:

Skilled Healthcare stock rises on mistrial motion
(DBN)

Vanguard to buy MedCath's stake in Ariz. Heart Hospital
(DBN)

Forum union objects to sale
(DBN)

Nurses object to sale of Forum
(DBN)

Aransas Pass hospital has a new name and new owners
(DBN)

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Education:

New York Military Academy Adopts A Plan to Stay Alive
(DBN)

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Utilities:

Constellation bids $1.1B for Boston plants
(DBN)

______________

Telecoms:

Freedom Communications USA files for bankruptcy protection
(DBN)

FairPoint hoping to emerge from bankruptcy
(DBN)

FairPoint asks Vt. to reconsider disapproval of bankruptcy plan
(DBN)

______________

Celebs:

Dykstra Bankruptcy Trustee Steps Down
(DBN)

Teresa Guidice Kept Bankruptcy a Secret From Bravo?
(DBN)

______________

Art:

Chelsea Art Museum's Building Files for Bankruptcy
(DBN)

Paintings From Pigs
(DBN)

______________

Lehman:

Lehman, HSBC May Be Sued Over Worthless 'Minibonds'
(DBN)

Pay the Bums
(DBN)

A Different Take on Lehman's Executive Fees
(DBN)

Cohan: Still Paying for Lehman's Demise
(DBN)

Lehman Brothers creditors in for long wait
(DBN)

______________

Hockey:

Stars hope to avoid repeat of messy Texas Rangers sale saga
(DBN)

Hicks believes Stars sale will be smoother than Rangers
(DBN)

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Insurance:

MBIA reports quarterly profit; Ambac reports loss
(DBN)

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Newspapers:

What the Tribune and Sun-Times had in common
(DBN)

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Hollywood:

Ailing Studio MGM Facing Bankruptcy Next Month
(DBN)

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Distressed Investing:

Hennessee Distressed Hedge Fund Index Rebounds, Increases in July
(DBN)

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New Bankruptcy Opinions
(1 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Southern California bankruptcies tops in U.S.
(DBN)

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Bankruptcy Reform:

Where’s that Chapter 13 influx?
(DBN)

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Miscellaneous:

Lehman Minibonds, Comercial Mexicana, Chemtura, Circuit City: Bankruptcy
(DBN)

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Student Debt:

Student-Loan Debt Surpasses Credit Cards
(DBN)

______________

Food/Drink:

Top Chef's restaurant in foreclosure
(DBN)

US judge says he'll rule soon on Bashas' bankruptcy plan
(DBN)

______________

AIG:

AIG faces Fed scrutiny, Buffett's bets spared by Dodd law
(DBN)

Elizabeth Warren Uncovered What the Govt. Did to 'Rescue' AIG, and It Ain't Pretty
(DBN)

______________

Chemicals:

Chemtura Wins Approval for $1 Billion Agreement to Finance Bankruptcy Exit
(DBN)

Tronox Inc. reorganization delayed while its plan is reviewed
(DBN)

______________

Banking:

Improve banks’ survival with living wills
(DBN)

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Accounting:

People Are Still Talking About Those PwC Layoffs
(DBN)

Compensation and Bonus Watch ‘10: Who Knows BDO?
(DBN)

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Credit Cards:

Credit Card Study: Key Info Is Hidden in Fine Print or Not Disclosed at All
(DBN)

______________

Aviation:

Troubled Mexicana Airlines suspends long-haul flights
(DBN)

Union in talks to save troubled Mexican airline
(DBN)

Pilots For Troubled Airline Mexicana To Keep Flying, Defer Pay
(DBN)

Mexicana Pilots Discuss Plan for Bankrupt Carrier With Possible Investors
(DBN)

JAL to cut more than 19,000 jobs by March 2015
(DBN)

Flight Attendant Uses Emergency Slide to Escape Dispute
(DBN)

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Litigation:

Rothstein e-discovery dispute heats up
(DBN)

All About Emails, Texts, Blogs and Non-Dischargeability
(DBN)

______________

Magazines:

Magazine circulation fails to rebound despite rise in ads
(DBN)

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Awards:

Andrea Hartley Elected Chair of ABA Law Practice Management Section
(DBN)

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Municipalities:

What a Mess, This Town's in Tatters
(DBN)

Why we need to let states go broke
(DBN)

America Goes Dark
(DBN)

Moody's calls states' aid a bridge to recovery
(DBN)

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Hedge Funds:

Still in the Red: Hedge Funds Posts Most Negative Returns in 16 Months
(DBN)

______________

Baseball:

Mark Cuban Thought Texas Rangers Were His
(DBN)

Arlington to begin process of transferring lease, debts to new Rangers owners
(DBN)

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Bankruptcy Finance:

DIP Lending in Transition
(DBN)

______________

Retailing:

General Growth Q2 sales up, rents pressured
(DBN)

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Cross-Border:

In pursuit of universality in cross-border insolvency
(DBN)

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UK:

Britain Begins to Feel the Pain of Austerity Cuts
(DBN)

Company Administrations fall for fifth successive period
(DBN)

High personal insolvency levels becoming the norm
(DBN)

Enforcement of adjudication on insolvency
(DBN)

Holyrood to act on debt deals
(DBN)

Break Up RBS, Barclays While There's Still Time
(DBN)

U.K. Banks Studying How to Prop Up Firms
(DBN)

______________

EU:

Argentina's warning to the eurozone
(DBN)

Europe's Economy: Euro Zone Moves On from Debt Crisis
(DBN)

Whatever happened to the euro zone crisis?
(DBN)

______________

China:

In Crackdown on Energy Use, China to Shut 2,000 Factories
(DBN)

Factory 'Closure' Order Less Than It Might Seem
(DBN)

China bank stress tests could be sign of trouble
(DBN)

______________

Canada:

Seventh postponement for Pocklington sentencing hearing
(DBN)

Sinister Connections at BC Hydro
(DBN)

Abitibi seeks $1.35 billion finance, fees under wraps
(DBN)

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Spain:

Spanish Corporate Bankruptcies Drop In Q2
(DBN)

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Ireland:

The coming collapse of the Irish middle class
(DBN)

______________

Japan:

Bank of Japan Holds Rates Steady
(DBN)

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