August 11, 2010

The Daily Bankruptcy News

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Law:

Boies Schiller Throws Down Gauntlet, Calls Out Davis Polk on Associate Comp
(DBN)

Incensed Judge Rejects Lerach's Request to Work Off Community Service by Teaching
(DBN)

The 100% Summer Associate Offer Rates Keep Rolling In
(DBN)

Female Managing Partners Still Rare at Midsized Firms
(DBN)

Weil Leads String of Clients Out of Bankruptcy
(DBN)

Jason B. Binford Joins Bankruptcy Section of Kane Russell Coleman & Logan PC
(DBN)

LeClairRyan Selects Next CEO
(DBN)

Recruiter Claims He Is Owed $1.5M for Bingham and McKee Merger
(DBN)

Female Managing Partners Say Their Gender Can Help Their Jobs
(DBN)

How HP, Covington Handled the Mark Hurd Matter
(DBN)

SJ Berwin managing partner to stand down ahead of potential merger
(DBN)

Waiting Game Taking A Toll On Blago's Defense Team
(DBN)

Judge Denies Request to Enjoin Auction of Classic Cars From Prominent Lawyer's Estate
(DBN)

Duke Law School Dean David Levi Comes Out Swinging for Young Lawyers
(DBN)

Law Prof Sees More Plagiarism, Allows Do-Overs
(DBN)

On-Campus Recruiting Picking Up Slightly as Firms Seek to Avoid Generation Gap
(DBN)

The GC Is Out at the FDIC Buuuuuut ... What Happened?
(DBN)

In Ugly Economy, Age Bias Claims Are a Tough Sell
(DBN)

School Renamed for Lawyer Rather than Gunslinger
(DBN)

Two More L.A. Big Firm Refugees Start Their Own Firm
(DBN)

McNugget Rage
(DBN)

"One day, I'm going to law school. I think my years in the industry will make me a great lawyer."
(DBN)

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Judges:

Supreme Court Clerk Hiring Watch: Justice Kagan’s Clerks!
(DBN)

Gulf oil spill lawsuits go to New Orleans judge
(DBN)

Disgraced Former Judges Lose Immunity Battle in 'Kids for Cash' Scandal
(DBN)

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Wall Street:

U.S. stock futures point to sharply lower open
(DBN)

European shares fall after Fed fails to impress
(DBN)

Fed caution weighs on world stock markets
(DBN)

Whistleblowers to thrive on Wall Street?
(DBN)

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Layoffs:

23 Occupations That Will Never Recover From The Great Recession
(DBN)

Pentagon to Start Cutting Thousands of Jobs
(DBN)

For Those With Jobs, a Recession With Benefits
(DBN)

Why Jobs Are AWOL
(DBN)

The Seasonal Job Surge: 2010 Edition
(DBN)

Unemployment Would Be Drastically Lower If All The Newly Created Job Openings Were Actually Filled
(DBN)

Man Receiving Unemployment Benefits Refuses Over A Dozen Job Offers
(DBN)

Employers shouldn't be surprised that Americans won't take their crummy, low-wage jobs
(DBN)

Faces—and Fates—of the Jobless
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM results to show gain over first-qtr -sources
(DBN)

Report: Fleet sales are behind GM and Chrysler post- bankruptcy resurgence
(DBN)

The hidden cost of auto bailouts
(DBN)

$114 a share for GM stock would put US taxpayers even
(DBN)

Officials call for audit of GM's federal funding
(DBN)

Subprime lender has dubious role in GM sales plan
(DBN)

Dealers Beg for Cars as Automakers’ New Discipline Curbs Sales
(DBN)

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Defaults:

Defaults Are Falling, But For How Long?
(DBN)

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Hockey:

Now, About the Sale of those Dallas Stars
(DBN)

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Bankruptcy Crimes:

US attorney begins bankruptcy fraud crackdown after Spanky Macher's arrest
(DBN)

Prosecutor spells out counts against Macher
(DBN)

Roanoke Business Man Talks about Being Charged with Fraud
(DBN)

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Lehman:

Lehman Brothers Europe Sues Dubai Real-Estate Group Over Swap Transactions
(DBN)

Hope for HK Minibond investors
(DBN)

Former Lehman Brothers staff finding fresh fortune
(DBN)

GDF’s Takeover Is a Lehman Alumni Reunion
(DBN)

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Brokers:

CFTC adopts amendment regarding the operation of a commodity broker in bankruptcy
(DBN)

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Litigation:

How Fulbright Transformed Its Document Review
(DBN)

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Batteries:

ISE Files for Chapter 11 Bankruptcy Protection
(DBN)

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Video Rentals:s

Blockbuster preparing for bankruptcy
(DBN)

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Retailing:

American Apparel warns of likely sales drop, loss
(DBN)

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Credit Counseling:

Debtors' Assessments of Bankruptcy Financial Education
(DBN)

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Private Equity:

Firms Circle Morgan Stanley’s Real Estate Fund
(DBN)

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Economy:

Productivity Weakens in Second Quarter
(DBN)

Fed downgrades recovery outlook
(DBN)

Fed Looks to Spur Growth by Buying Government Debt
(DBN)

Fed Move on Debt Signals Concern About Economy
(DBN)

Study Looks at Tax Cut Lapse for Rich
(DBN)

How Economy is Hitting the Middle Class
(DBN)

House passes state aid bill; Obama signs into law
(DBN)

Tax reform for the rich and ultra-rich
(DBN)

Small-Business Owners Still Downbeat About Future
(DBN)

Reagan Aide: How the GOP Destroyed the American Economy
(DBN)

Common Adole sense : How Are Teen-Chat-Room Participants Grappling with the Recession?
(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:

Bankruptcy could be option for Stuyvesant Town
(DBN)

Stuyvesant Town mezz lenders Pershing and Winthrop plot Chapter 11
(DBN)

Bill the landlord
(DBN)

Bill Ackman Has His Hands All Over Stuyvesant Town
(DBN)

Obama studies U.S. role in mortgages
(DBN)

Storm Clouds Loom Over California Housing Market
(DBN)

Creditors Take Over Xanadu Project
(DBN)

Weekly Rate on 30-Year Fixed Rate Mortgage Averages 4.3%
(DBN)

Unemployment drives more home sellers to cut price
(DBN)

Jim Lindsey Buys Properties in Son John David's $170 Million Bankruptcy
(DBN)

Fitch: RMBS Delinquencies Possibly Nearing Plateau
(DBN)

Moody's Downgrades Multiple RMBS Tranches
(DBN)

Three S. Fla. law firms target of foreclosure probe
(DBN)

More underwater in metro Detroit homes
(DBN)

New York Jumps Ahead of Feds With Law Holding Mortgage Companies Accountable on Mods
(DBN)

Bachus Urges Hearings On HAMP Controversy
(DBN)

Amherst: 'Relatively Few' Loans Will Qualify for FHA Short Refi Program
(DBN)

Saguaro Ranch raises $3M, may move through bankruptcy process
(DBN)

Meruelo Maddux' Disclosure Statement Approved By Bankruptcy Court
(DBN)

The Shrinking Second Home
(DBN)

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Finance:

Solvency Opinions, The Trib, and Leveraged Deals
(DBN)

Structured Notes are Next Bubble
(DBN)

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Accounting:

Judge Grants Preliminary Approval in New Century Shareholder Settlement: KPMG to Pay $44.75 Million
(DBN)

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Examiners:

WaMu Examiner Wins Approval on Scope of Investigation
(DBN)

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Gambling:

Trump Entertainment, Post- Bankruptcy , May Seek Partner for Plaza Upgrade
(DBN)

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Mass Torts:

Report on Asbestos Bankruptcy Trust System
(DBN)

Order Tossing Expert Grabs Attention in Asbestos Case
(DBN)

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Health Care:

CHS Deemed Winner in Bankruptcy Court
(DBN)

Bankruptcy judge approves sale of Forum Health
(DBN)

Sicel files for bankruptcy
(DBN)

St. Joseph's hospital aims to buy St. Vincent's psych facility
(DBN)

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Insurance:

Actual and Potential Conflicts in D&O Coverage Placement and Claims
(DBN)

Ambac Financial in bankruptcy talks; shares plunge
(DBN)

Ambac Looks At Options While MBIA Cooks
(DBN)

MBIA Says It Will Have C.M.B.S. Losses
(DBN)

An Unsatisfying End To Insurer's 'Devastating' Ordeal?
(DBN)

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Museums:

Two Smaller Manhattan Art Museums (Chelsea and Folk) Have Big Money Problems
(DBN)

Museum Exhibits Muni Debt Woes
(DBN)

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Food/Drink:

No ruling yet in Bashas' bankruptcy case in Ariz.
(DBN)

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Religion:

Vatican pleased US plaintiffs seek to dismiss case
(DBN)

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Magazines:

Playboy's circulation drops 34%
(DBN)

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Tax:

Chicago leads largest cities in sales tax
(DBN)

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Fraud:

Is Goldman Sachs Still in Hot Water Over Abacus Deal?
(DBN)

No Settlement for Fabulous Fab
(DBN)

Revisiting Madoff and his stakeholders - is trustee Picard pursuing Hadassah and other charities as candidates for "clawback"?
(DBN)

Names "leaked" in Rothstein Ponzi case
(DBN)

WG Trading Receiver Seeks SunAmerica Ponzi Profits
(DBN)

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Resorts:

Sea Island to file for bankruptcy
(DBN)

Colony files for bankruptcy
(DBN)

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Hotels:

Developers of 2 downtown Baltimore hotels file for bankruptcy
(DBN)

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Jewelry:

Fortunoff Looks To Re-Launch Jewelry Business
(DBN)

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Education:

Court official: Close Pennsylvania Academy of Music
(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 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:

July Consumer Bankruptcy Filings Up 9 Percent from Last Month, Year
(DBN)

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Awards:

Charles A. Beckham Names St. Mary's 2010 Distinguished Law Graduate
(DBN)

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Miscellaneous:

Tronox, Compania Mexicana, Trump, NEC,, Abitibi, Nabors: Bankruptcy
(DBN)

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Hollywood:

MGM Studios face forced bankruptcy
(DBN)

Spyglass Said to Close in on Managing M.G.M.
(DBN)

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Banking:

Financial reform may kill the free checking account
(DBN)

US bank regulators move to replace credit ratings
(DBN)

Richer countries have cleaner banknotes
(DBN)

Judge denies WaMu attempt to get shareholder data
(DBN)

Citi Debt Sales Could Reach $21B in 2010
(DBN)

Wells Fargo Loses Ruling on Overdraft Fees
(DBN)

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Corporate Reform:

Cantwell, Murray back Elizabeth Warren for consumer agency
(DBN)

Groups Urge President Obama to Support Elizabeth Warren to Head New Consumer Financial Protection Bureau
(DBN)

White House leaning toward Warren nomination for new agency?
(DBN)

Obama's Subprime Nominee
(DBN)

Warren-Wary
(DBN)

Consumer agency begins to set infrastructure despite being leaderless
(DBN)

Hurd's final payday at Hewlett-Packard could reach $40 million
(DBN)

Why Mark Hurd's consigliere had to turn against him
(DBN)

HP value plummets $9 billion
(DBN)

Morgan Stanley Fined $800,000 for Failure to Disclose Conflicts
(DBN)

Financial regulation: Clear as mud
(DBN)

Goldman ‘Should Win Big’ Under New Regulations
(DBN)

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Aviation:

Mexicana needs $150m to keep flying
(DBN)

Mexicana resumes flights from London Gatwick
(DBN)

JetBlue suspends flight attendant accused of outburst
(DBN)

Lawyer attributes scuffle to rudeness of air traveler
(DBN)

Hero or Felon?
(DBN)

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Politics:

Wall Street Donates Twice as Much to Republican Campaigns as to Democrats
(DBN)

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Oil/Gas:

‘Shrinking to grow’ BP strategy for survival
(DBN)

Meet Your New BP Fund Trustees
(DBN)

Boom Makers Say BP Left Them Adrift
(DBN)

BP Station Owners Face Long Road to Recovery
(DBN)

Kilduff: Is Oil Headed to $200
(DBN)

Oil Declines on Slowing Fuel Demand
(DBN)

IEA raises oil demand outlook, but warns of growth doubts
(DBN)

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Asset Protection:

Ruling erodes protection for many small businesses
(DBN)

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Municipalities:

States Test Whether Pensions Can be Stripped
(DBN)

Schoolteachers Driving Cadillacs
(DBN)

Vallejo gets a deadline to give up bankruptcy protection
(DBN)

Does New Federal Aid Come at the Expense of Business?
(DBN)

Operating expenses of Chapter 9 municipal debtor are not administrative expenses protected by Section 503(b)
(DBN)

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UK:

Bank of England Lowers Economic Growth Outlook, Sees Inflation Moderating
(DBN)

Pound Drops as BOE Cuts Growth Forecast
(DBN)

Tods Murray acts in Tesco debt restructuring
(DBN)

High Court Sets P.E. Precedent With Ruling
(DBN)

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Canada:

Pocklington sentencing set for September 13
(DBN)

Canadian house prices see ‘dramatic’ slowdown
(DBN)

No immunity to bankruptcy
(DBN)

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S. Korea:

Yangjae project faces bankruptcy
(DBN)

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China:

Are Official Statistics Masking Blistering Hot 33% Inflation In China?
(DBN)

China auto sales fall 11.9%
(DBN)

China Output Growth Weakens; Inflation Accelerates
(DBN)

China Said to Order Banks to Book Trust Company Loans
(DBN)

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Germany:

German Bond Default
(DBN)

German corporate bankruptcies up 1.1 percent year-on-year in May
(DBN)

Chinese push into Germany’s heart and soul
(DBN)

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