August 4, 2010

The Daily Bankruptcy News

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Law:

BigLaw's Way Too Big Bill Slashed by Judge, Partner Singled Out
(DBN)

Charles Glerum's Didactic Dalliance
(DBN)

Tyco Settlement Lawyers Alleged To Have Bilked Clients
(DBN)

Biglaw Salary Stragglers: Foley & Lardner
(DBN)

Boies Schiller Likes Them Combative (But Not Obnoxious)
(DBN)

$215M Suit Says Grant & Eisenhofer Hid Agreement and Took Excessive Fee from Clients
(DBN)

On Suicide Within Big Firms: 'Seeking Help . . . is Proof of Strength'
(DBN)

Brown Rudnick Likely to Escape Sanctions for Improper Redaction
(DBN)

Covington, Williams & Connolly on Newsweek Sale
(DBN)

Judge to Nixon Peabody: Easy on the Billing, Okay?
(DBN)

Citi, Zell and Tribune: Smelled 'Like Divorce Work.'
(DBN)

Some NY BigLaw Firms Projecting Larger Summer Classes Next Year
(DBN)

Recession Strikes Harder at N.J. Top 40 Second-Tier Firms
(DBN)

Reunited We Stand
(DBN)

Milbank Adds Five-Partner Group From Latham's Finance Practice
(DBN)

Simmons closes results season with falls in both PEP and revenue
(DBN)

Great Law Jobs Available! (If You’re Not Into That Whole Salary Thing)
(DBN)

Rule Limiting Legal Services in Terror Cases Is Challenged
(DBN)

S&C’s Mail Room Mix-up Leads to Life-and-Death Cert Petition
(DBN)

Latham Takes Baton From S&C in Botched Death Penalty Case
(DBN)

Bringing E-Discovery In-House
(DBN)

Demand for NY Lawyers' Services Dipped, Consultant Says
(DBN)

More Midsized Firms Seeking Help Making It Rain
(DBN)

Lowenstein Sandler Adds Bankruptcy Lawyer
(DBN)

The Bluegrass State’s Sordid Sports Trial (Or: University of Louisville basketball coach Rick Pitino must really hate Karen Sypher)
(DBN)

Lawyer Gets 60 Days in Fatal Horse Neglect Case
(DBN)

The Dean of the Circumcision Malpractice Bar
(DBN)

Lawyerly Lairs: Recent Cardozo Grad Buys $1.7 Million Condo — from Alan Colmes!
(DBN)

Jury Awards $1.55 Million in Damages to Lawyer Sued for Sexual Harassment
(DBN)

Ruling Highlights Disparity Between Male, Female Law Partners
(DBN)

Is Law School Prestige Wildly Overrated?
(DBN)

From Playboy to Biglaw
(DBN)

‘Law & Order’ Probably Doesn’t Like You
(DBN)

Vet Lost Home After Lawyer Drafted Trust Rather Than Will, Ethics Complaint Says
(DBN)

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Judges:

Republicans Take Aim at Kagan
(DBN)

Kagan Not a 'Real Lawyer,' Says Sen. Sessions
(DBN)

Senate Begins Debate on Kagan Nomination
(DBN)

Disgraced Former Judge Wants Sentence Overturned
(DBN)

Newspaper: Judge’s 3-Month Suspension Is a Paid Vacation
(DBN)

Magistrate Evokes Maytag Repairman, Schoolmarm in Opinion Blasting Lawyers
(DBN)

Arbitrators Don't Have to Disclose Discipline, Calif. High Court Rules
(DBN)

Judge Pleads Guilty in Reckless Driving Case, But His Lawyer Blames Mechanical Problems
(DBN)

Convicted Ex-Federal Judge Complains He's Being Treated Like Sex Offender, Seeks New Sentence
(DBN)

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Wall Street:

Stock futures fall
(DBN)

US Stocks Retreat as Home Sales, Spending Data Miss Estimates
(DBN)

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Layoffs:

More Workers Face Pay Cuts, Not Furloughs
(DBN)

A Market Punishing to Mothers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Former Chreky Employees Sue to Protect Claims
(DBN)

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Fraud:

Ex-Attorney Rothstein Owes $188M to 218 Ponzi Victims, But They’ll Get Much Less, Feds Say
(DBN)

Cerberus's LNR Real Estate Finance Company Accused of Fraud in Lawsuit
(DBN)

US Seeks Forfeiture of $5.1 Million From Bernard Madoff Aide Bongiorno
(DBN)

Merkin seeks to dismiss Madoff feeder fund lawsuit
(DBN)

Living Next To Andrew Madoff Almost Saved Kenn Starr From The Feds
(DBN)

The Decline and Fall of Kenneth Starr
(DBN)

How a Ponzi Schemer's Pole-Dancing Wife Sold Him Out to the Feds
(DBN)

In Retrospect, There Were A Bunch Of Things Accused Ponzi Schemer Kenneth Starr Didn't See Coming
(DBN)

New York Mets Owners Sued for Pensions Lost in Bernard Madoff Ponzi Scheme
(DBN)

Bernard Madoff's New City accountant loses CPA license
(DBN)

Bernie Madoff : scourge of the Jews
(DBN)

Leslie Scrushy in settlement talks with HealthSouth
(DBN)

Con 'artist' jailed
(DBN)

Trustee: 'Little hope' of seeing $54M lent to Durham
(DBN)

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Bankruptcy Crimes:

Louisiana Business Owners Convicted of Bankruptcy Fraud
(DBN)

______________

Credit COunseling:

Ex-director of debt management firm facing bankruptcy
(DBN)

FTC targeting debt-relief companies
(DBN)

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Economy:

Consumer Spending and Incomes in US Stagnate
(DBN)

Why Are Markets Ignoring The Obvious US Slow Down As If It's Nothing?
(DBN)

Factory Orders Drop for 2nd Month
(DBN)

US savings rate hits highest level in year
(DBN)

Here's Who Really Owns America
(DBN)

Corporate Bond Risk Rises Amid Speculation Slowdown Will Spur Fed Action
(DBN)

Stimulus Slammed: Republican Senators Release Report Alleging Waste
(DBN)

A ‘Tsunami’ With ‘Shades of Kristallnacht’
(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:

Pending Sales of Existing US Homes Decrease 2.6%
(DBN)

Glut of Houses Holds Back Housing Market, Economy
(DBN)

Rare comic book saves family from foreclosure
(DBN)

Builders stay red after pending home sales
(DBN)

DR Horton posts $50.5M profit for 3Q
(DBN)

HUD Predicts HAMP Re-Default Rates to be 'Significantly Lower' Than Expected
(DBN)

Five states to get foreclosure prevention aid
(DBN)

Rate on 30-Year-Mortgage Drops to Record Low Week-to-Week
(DBN)

No Such Thing as a Simple Mortgage
(DBN)

Mitchell Massey's Growth Group Files for Bankruptcy Protection
(DBN)

Bank trying to sell former home of Premier Properties founder
(DBN)

Banks `Throw in the Towel' Waiting for Higher Rates to Add Mortgage Bonds
(DBN)

Seeking Distressed Homeowners, Fannie Mae Tries Website
(DBN)

$624m BofA Settlement Set for Countrywide Investors
(DBN)

CalPERS defrauded in $922 million LandSource deal, lawsuit says
(DBN)

Slimmed-down Pacific Lifestyle Homes emerges from bankruptcy after 22 months
(DBN)

FGIC Corp files for Chapter 11 protection
(DBN)

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Autos:

G.M. Sales Rose 5.4% in July
(DBN)

A GM Initial Public Offering Might Stir Caution
(DBN)

The auto industry lives. Can we admit that government intervention worked?
(DBN)

Third Circuit's Obtuse Devotion to "Plain Meaning" Continues in Visteon
(DBN)

Supplier Lear posts big jump in 2Q profit
(DBN)

Chrysler says sales rise 1 pct from June to July
(DBN)

General Motors, Ford July Sales Gains Trail Estimates
(DBN)

Runaway Toyotas: Toyota Documents Reveal Company Able to Recreate Sudden Acceleration Incidents
(DBN)

Consolidated Toyota Class Action Cites Calif. Consumer Protections
(DBN)

Toyota swings to profit, raises outlook
(DBN)

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Baseball:

Bids for Rangers start at 9 am in bankruptcy court
(DBN)

Rangers auction program: Know the players
(DBN)

Rangers Top Bidder Can't Take Field Without Baseball's Blessing
(DBN)

Cuban Can Defer Closing on Bankrupt Texas Rangers Pending League Approval
(DBN)

News Corp. Opts Not To Bid In Court Auction of Texas Rangers
(DBN)

Texas Rangers Said to Receive Joint Bid From Cuban, Crane
(DBN)

Mark Cuban isn't the best solution for the Rangers
(DBN)

Maury Brown provides Rangers bankruptcy auction primer
(DBN)

Rangers afire on the field, but shaky in court
(DBN)

Rangers' players and personnel to keep eyes on court proceedings
(DBN)

Let's talk bankruptcy and auction
(DBN)

______________

Credit Cards:

MasterCard Declines as Growth in Processed Transactions Stalls
(DBN)

______________

Trucking:

YRCW Beats Guidance 50% … and Buries Bankruptcy Buzz
(DBN)

US trucker YRC posts smaller loss but shares fall
(DBN)

YRC Worldwide stays mum about two looming issues
(DBN)

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Newspapers:

Tribune Health Questioned Ahead of LBO
(DBN)

Blame piles up in Tribune Co.'s 2007 buyout
(DBN)

Tribune report unsealed, bankruptcy exit delayed
(DBN)

Tribune Delays Bankruptcy Exit as Creditors Study Fraud Claims Over Buyout
(DBN)

Examiner: 2 Tribune execs engaged in fraud during sale
(DBN)

______________

Art:

Lawrence Salander Gets at Least 6 Years in Prison for $120 Million Art Scam
(DBN)

______________

Health Care:

CHS submits Forum Health bid
(DBN)

Arizona Heart Institute files for Chapter 11
(DBN)

North General may make deal with Abyssinian
(DBN)

Frustrated Swedish man sews up his own leg after long ER wait
(DBN)

______________

Lehman:

Lehman makes its next property gamble
(DBN)

PwC's Lehman's team dealt creditor blow by appeal courts
(DBN)

______________

Food/Drink:

Struggles Intensify For A&P
(DBN)

______________

Turnarounds:

The Boss Shouldn't Have Promoted His Sons
(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)

______________

Bankruptcy Statistics:

Stormy economy forcing many to seek bankruptcy as way out
(DBN)

FL: Bankruptcies continue to rise in July
(DBN)

US Consumer Bankruptcies May Exceed 1.6 Million for Year, Institute Says
(DBN)

AOUSC's Annual BAPCPA Report Filings
(DBN)

Visualizing Financial Distress
(DBN)

July Bankruptcy Filings Rise, But Look at the Big Picture
(DBN)

______________

Bankruptcy Reform:

House moves gun bill, Senate companion introduced
(DBN)

______________

Miscellaneous:

Grupo Mexicana's Unit, Almatis, Lafarge, Gems TV, Innkeepers: Bankruptcy
(DBN)

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Consumer Bankruptcy:

Exemption Fallout from Schwab
(DBN)

______________

Corporate Reform:

Polite watchdog has a bite, too
(DBN)

Is Warren more of a moderate?
(DBN)

Political Cartoons. Elizabeth Warren edition.
(DBN)

Elizabeth Warren Bibliography
(DBN)

Geithner: Elizabeth Warren an 'Effective Advocate for Reform'
(DBN)

SEC Whistleblowers Get a Raise
(DBN)

______________

M&A:

The M&A Recession: A Recovery Is Still a Ways Away
(DBN)

______________

Aviation:

Mexicana Wards Off Repo Men After Bankruptcy Filing
(DBN)

Mexicana insists Gatwick route unaffected by crisis
(DBN)

Mexicana's fate is up in the air
(DBN)

Spirit Airline's Next Fee? Talking to a Human at the Airport
(DBN)

Arrow Air to auction off assets
(DBN)

______________

Politics:

GOP Needs to Regain Fiscal Discipline, Stockman Says
(DBN)

48% blame Obama, not Bush, for bad economy
(DBN)

______________

Metals:

Oaktree drops opposition to Almatis shake-up
(DBN)

______________

Consumer Finance:

Recovery in car and home loans lifts Ally
(DBN)

Wall Street and Legalized Loan Sharks
(DBN)

______________

Municipalities:

Map: State debt per capita
(DBN)

Cash-strapped California considers legalizing sports gambling
(DBN)

City That Outsourced Everyone Is Snared by Pay Scandal
(DBN)

______________

Tax:

Americans swap passports; Desire to avoid tax leads some to renounce citizenship
(DBN)

______________

Education:

GAO Finds Deceptive Practices at For-Profits
(DBN)

______________

Theme Parks:

Six Flags CEO Quits Despite Bankruptcy Approval
(DBN)

______________

Oil/Gas:

BP pays less for CEO failure than U.S. firms
(DBN)

BP says 'static kill' has successfully plugged oil well
(DBN)

BP clashes with Texas officials over GC's alleged negligence admission
(DBN)

BP Confirms Thousands of Claims Deferred
(DBN)

BP Still Leaves Damage Claims in Limbo
(DBN)

Deepwater insured losses are $4B to $6B
(DBN)

______________

Paper:

AbitibiBowater to solicit creditor approval for its plans of reorganization
(DBN)

______________

Banking:

Societe Generale quarterly profits triple
(DBN)

BofA Could Shed Some Serious Weight
(DBN)

______________

UK:

U.K. services growth unexpectedly slows
(DBN)

KPMG US close to $24m Countrywide settlement
(DBN)

Smith & Williamson restructuring head Stephen Cork resigns
(DBN)

______________

Middle East:

Oaktree Capital Agrees to Support Dubai-Led Debt Restructuring of Almatis
(DBN)

______________

Australia:

One.Tel legal battle continues
(DBN)

Assigning your rights under a D&O policy: the High Court speaks
(DBN)

______________

 

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