August 17, 2010

The Daily Bankruptcy News

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Law:

Reed Smith Acquires Texas Rangers CEO Greenberg From Pepper Hamilton
(DBN)

In ‘Business Model Shift,’ Drinker Biddle Appoints Chief Value Officer
(DBN)

Crowell & Moring Hit With Second Malpractice Suit From Hijack Case
(DBN)

Drinker Biddle’s Latest Attack on the Billable Hour
(DBN)

Would You Want to Join the ‘Big Law Society’?
(DBN)

A Collection of Funny Summer Associate Stories from a Bygone Age
(DBN)

Bankruptcy Lawyer Josefina Fernandez McEvoy Joins the HNBA Legal Education Fund Board of Directors
(DBN)

Cozen O'Connor Latest Firm Tapped for Oil Spill Work
(DBN)

Cerberus Wants to Take a Bite - Make That Three - Out of Paul Hastings
(DBN)

What If Your BigLaw Boss Weren't a Lawyer?
(DBN)

The Ups and Downs and Ins and Outs of GC Pay
(DBN)

Limited Representation Agreement Defeats Legal Malpractice Claim
(DBN)

BigLaw Firm, Healthcare Client Team Up to Offer Services to the Poor
(DBN)

Business Brief Hits $30M ‘Civil Death Penalty’ for Goodyear Pretrial Foot-Dragging
(DBN)

NY Lawyer's Claims of Being Roughed Up at Courthouse Tossed
(DBN)

It’s Official; Birther, DDS, Esq. Orly Taitz Will Be 20K Poorer
(DBN)

Despite Support From Fellow Prosecutors, Asst. DA Loses License for 4 Years
(DBN)

Lawyer Suspended for Overbilling Is Disbarred for Continuing Practice
(DBN)

Charges Multiply After Judge Orders Laughing Defendant Removed
(DBN)

Cashier Stole $2.7M from Law Firm, But ‘Kept Man’ Hubby Beats Money-Launder Rap
(DBN)

Angry Law Grads Beef, Blog and Move On; Tuition Makes $15K Total in 80s Seem Paltry
(DBN)

‘A Big Ponzi Scheme’: More on the Ire Directed Toward Law Schools
(DBN)

Another New Law School?
(DBN)

Forget high tech, jurors and judge stick to notes
(DBN)

Defamation Suit Against Lawyer, PR Firm Tossed
(DBN)

Elderly man with walker robs bank, makes slow getaway
(DBN)

Childbirth in chains
(DBN)

Couple Stoned to Death
(DBN)

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Judges:

Emergency Relief Denied for Judge Who Closed Courthouse to Late Execution Appeal
(DBN)

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Wall Street:

Stock index futures up
(DBN)

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Layoffs:

The Problem with American Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Poor Marks for For-Profit Schools
(DBN)

For-profit education shares dive on loan data
(DBN)

Capella disputes gov't report on loan repayments
(DBN)

Strayer CEO Questions Dept of Ed Repayment Data
(DBN)

WaPo stock tumbles on ed data
(DBN)

The Latest Securities Litigation Target
(DBN)

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Lehman:

In Lehman's Demise, an Elusive Search for Culprits
(DBN)

Cost of winding up Lehman Brothers now close to $1bn
(DBN)

SEC May Charge Former Lehman Execs Says Charlie Gasparino
(DBN)

SEC is zeroing in on Lehman's top execs
(DBN)

Misrepresentation of Lehman guaranty supports securities claim
(DBN)

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Telecoms:

Bankruptcy costs push Nortel to $1.4B loss
(DBN)

FairPoint Communications Files Motion Seeking U.S. Bankruptcy Court Approval of Paul H. Sunu as New Chief Executive Officer
(DBN)

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Razors:

Lien holders buying American Safety Razor Co.
(DBN)

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Bankruptcy Privacy:

XY Magazines Destroys Former Members' Personal Info
(DBN)

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Insurance:

As Part Of Plan, Creditors May Become Owners Of Ambac
(DBN)

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Horse Racing:

Cullen Files Chapter 7 Bankruptcy Petition
(DBN)

Bank seeks to foreclose on Stonewall Farm
(DBN)

MI Developments posts loss on racing, gambling operations
(DBN)

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Economy:

Factories Lose Orders, Builders Lose Confidence
(DBN)

NY Fed: Manufacturing Grows Slightly in Aug.
(DBN)

Stimulus Fight Shifts to Campaign Trail
(DBN)

The Surprising Effects of a Recession
(DBN)

The End of American Optimism
(DBN)

What a Modern Depression Looks Like
(DBN)

Recession Has Gen Y's Singing New Tune
(DBN)

No Easy Route to Economic Recovery
(DBN)

Boston Fed: Economics Couldn't Reveal Housing Bubble
(DBN)

Economists See 40% Chance Of Double-Dip Recession
(DBN)

How to Think Like the Fed view!
(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:

Homebuilder confidence sinks for 3rd month
(DBN)

Production, Housing Starts in U.S. Probably Increased in July
(DBN)

House Price Appreciation Slows in June
(DBN)

Gov't Starts Talks on New Mortgage System
(DBN)

Lawsuits, failed ventures mark developer's past
(DBN)

Fed Rules to Help Mortgage Borrowers
(DBN)

Mortgage Lenders Must Tell Borrower 'Worse Case' Payment
(DBN)

Moody's Downgrades Continue on Another $22bn of RMBS
(DBN)

Freddie Mac Ramps Up Pressure On Banks Over Defective Loans
(DBN)

Geithner: no going back for Fannie, Freddie
(DBN)

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Banking:

Judge rejects SEC's Citi settlement
(DBN)

HSH Delaware Files Reorganization Plan to Amend Loan Agreement
(DBN)

Dismissal Motions Denied in Failed and Troubled Bank Securities Cases
(DBN)

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Finance:

Banks loosen credit to small firms
(DBN)

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Credit Cards:

Credit card lending standards loosen for 1st time in 3 years
(DBN)

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Oil/Gas:

First Louisiana shrimp season since BP oil spill starts
(DBN)

Fisherman battle Gulf's oil-stained image
(DBN)

U.S. to Tighten Reviews for New Offshore Drilling Plans
(DBN)

Long-Term Health Effects of BP Gulf Oil Spill Tough to Predict
(DBN)

New Orleans Judge Must Review Drill Bans, Court Rules
(DBN)

Ala. Governor Limits Attorney Fees in Oil Spill Lawsuit
(DBN)

Plumes of Gulf oil spreading east on sea floor
(DBN)

The Coast Is Not Clear
(DBN)

BP Raises $5B in Loans from EU Banks
(DBN)

Oil industry can't have it both ways
(DBN)

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Celebs:

'Real Housewives' star's bankruptcy auction rescheduled for October
(DBN)

Bankrupt 'Housewife' Teresa Giudice's $60K spending spree
(DBN)

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Gambling:

Atlantic City casino revenue drops for 23rd straight month
(DBN)

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Health Care:

Mistrial motion under submission: Judge offers no firm timetable for decision
(DBN)

The Class Action from Hell
(DBN)

Another Hospital Company Gets PE Interest
(DBN)

Flailing Arizona Heart gives green light to Vanguard acquisition
(DBN)

Former staff file suit against closed NY hospital
(DBN)

Staff Accuses St. Vincent's Board of Destroying Hospital
(DBN)

'Blood-$uck' suit
(DBN)

Lilly Faces Growing Financial Pressure
(DBN)

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Pensions:

In re Visteon: Third Circuit expands the protection of retiree benefits in Chapter 11 cases
(DBN)

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Fraud:

‘Massive Amorphous Blob’ of Evidence Slows Case Against Alleged Madoff Cohorts
(DBN)

When You're Most Vulnerable to Fraud
(DBN)

Rajaratnam, Conrad Black, Kulterer, Lehman, Facebook, UBS in Court News
(DBN)

11,000 corpses, prisoners receive federal aid
(DBN)

Former Executive Pleads Guilty in $136 Million Minority Contracting Fraud
(DBN)

3rd Circuit Gives Thumbs Down to 'Fraud-Created Market' Theory
(DBN)

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New Bankruptcy Opinions
(2 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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Newspapers:

Tribune asks bankruptcy judge for more time
(DBN)

Now Zell Wants to Get Paid, Too
(DBN)

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Miscellaneous:

Lehman, Compania Mexicana, Hawks Prairie, Ute Mesa, Pilgrim's: Bankruptcy
(DBN)

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Theme Parks:

After Ch. 11, Six Flags Entertainment earns $743.5 million in 2Q
(DBN)

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Autos:

GM Bankruptcy Estate Seeks to Sell Maker of BMW Parts
(DBN)

Is GM IPO Being Rushed for Political Purposes?
(DBN)

GM's changes rattle stability
(DBN)

GM details commitments to Opel unions, China's SAIC
(DBN)

Opel job cut compensation package not enough, says workers' council
(DBN)

Doubt cast on Mahindra's Ssangyong bid
(DBN)

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Nanotechnology:

Specialty coatings maker nCoat files for bankruptcy
(DBN)

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Food/Drink:

Bidders ready for Max & Erma's
(DBN)

WG: Suggested changes on PACA fix
(DBN)

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Distressed Investing:

Icahn bets on NRG and Anadarko, dumps Blockbuster
(DBN)

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Radio:

New Northwest Broadcasters to restructure debt
(DBN)

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Tax:

Pro-rata calculation of pre-petition portion of tax refund was reasonable
(DBN)

O'Connor, 11th Circuit Panel Side With Tax Preparer Against IRS
(DBN)

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Corporate Governance:

Holding parents liable for their children's wrongs: the U.S. and EU diverge in the corporate governance context
(DBN)

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Corporate Reform:

Why Does Dodd Oppose Elizabeth Warren?
(DBN)

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Municipalities:

An Overview of Chapter 9 of the Bankruptcy Code: Municipal Debt Adjustments
(DBN)

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Aviation:

Mexicana Agrees to Return Eight Leased Airplanes
(DBN)

Mexicana bankruptcy protection stalls; decline opens opportunities for others
(DBN)

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UK:

Barclays fined $298m for sanction breaking
(DBN)

Blackburn Rovers Bidder Says He'd Spend 100 Million Pounds on New Players
(DBN)

Inflation falls to 3.1% in July
(DBN)

More travel companies at at risk of bankruptcy after collapse of Sun4U
(DBN)

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EU:

Euro-Zone Inflation Rises on Higher Energy Prices
(DBN)

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Denmark:

Denmark Tightens Its Generous Jobless Benefits
(DBN)

______________

China:

Ignoring China's Bad Debt, or, Business as Usual
(DBN)

China: Helping poor matters more than economy rank
(DBN)

Why China is Winning the Economic War
(DBN)

Rich China Now Focuses on Military Might
(DBN)

China Reduces Holdings of Treasury Debt
(DBN)

______________

Germany:

German Investor Sentiment Declines to 16-Month Low
(DBN)

______________

Canada:

Canadian Homes Sales Sink 30%
(DBN)

Mackenzie pulp mill restarts, putting 270 back to work
(DBN)

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Russia:

Russian House of Fraud
(DBN)

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