February 1, 2010

The Daily Bankruptcy News

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Law:

Last Week in Layoffs
(DBN)

BigLaw Retreats: Why You Should Run and Hide
(DBN)

Ropes & Gray builds office with hire of Weil restructuring partner
(DBN)

Bankruptcy on Both Coasts
(DBN)

Vinson & Elkins Raises & Bonuses: New York Happy, Texas Sad
(DBN)

New Orleans Lawyer Arrested For Threatening Bankruptcy Court
(DBN)

WilmerHale’s Warm Welcome — for Conservatives
(DBN)

White & Case's London office is facing a serious challenge in the wake of the four-partner walkout to Latham
(DBN)

The 2010 Lateral Report: Buyer's Market
(DBN)

Morrison & Foerster: 50 Take Early Retirement Option
(DBN)

Winstead Rescinds Offer 4 Days Before Start Date
(DBN)

What's Up With Kirkland's Revolving Door?
(DBN)

Paul Weiss Reports "Most Profitable Year in Firm's History"
(DBN)

Hughes Hubbard's Revenue, Profits Spike
(DBN)

Profits, Revenue Drop at Quinn Emanuel
(DBN)

Gross Revenue, Profits Down at Goodwin Procter
(DBN)

Viva Vivendi! New York Plaintiffs' Firms Score Huge Verdict
(DBN)

Lawyers Ask Court To Stop Toyota From Fixing Cars
(DBN)

Part-time programs help firms keep female partners working
(DBN)

A&O sets benchmark for part-time work
(DBN)

Continuum: DIY to High-End Legal Services
(DBN)

S&C Can Breathe Easier in WaMu Case...for Now
(DBN)

Prosecutor Says Miller Canfield Lawyer Was Member of Biker Gang
(DBN)

Suit Proceeds Against Attorneys Accused of Facilitating Mortgage 'Doomed to Failure'
(DBN)

Ex-Staff Lawyer Can Proceed With Disparate Impact Claim Against Covington, Judge Says
(DBN)

Associate Fired for Accessing Confidential E-Mail Gets Second Chance at Firm
(DBN)

US News Joins Law Firm Rank-O-Rama
(DBN)

Lawmaker to AG: Law Schools May Be Misusing Public Funds to Fight Competitor
(DBN)

Judge Sides With Blind UCLA Law Grad, OKs Software to Read Bar Exam
(DBN)

The sacrifices of Harvard Law graduates who took unconventional paths
(DBN)

You Promised Me, You Said You Would, You Gotta Give In So I'll Be Good, Just Pay My Darned Fee!
(DBN)

Repackaging for non-legal careers
(DBN)

Is Vinny of ‘The Jersey Shore’ Smarter Than You Are?
(DBN)

The Deep End is Shallow and in Need of a Dialogue Coach
(DBN)

Attorney Did Not Violate Sex With Client Rule: Never Met Client
(DBN)

What Can You Do With a J.D.?
(DBN)

Say What?!
(DBN)

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Judges:

7th Cir. Skewers Judge Shadur Over Ex-Lawyer’s Sentence, Remands Case to Another Judge
(DBN)

What happens when justices get personal
(DBN)

Lady Justice Does Not Have Enough Female Friends
(DBN)

Up Close and Personal with Justices Stevens and Ginsburg
(DBN)

Ruth Bader Ginsburg Is Human
(DBN)

At 97, Groundbreaking Former Federal Judge Is Upbeat and Still Practicing Law
(DBN)

Accused D.C. Judge Stalker Tells Her Side
(DBN)

Justice Ginsburg’s Dozing During SOTU
(DBN)

On Obama v. Alito, Who’s Right? Here’s Your Answer
(DBN)

FantasySCOTUS Predictions of the 10th Justice: How wise are the crowds?
(DBN)

In Overturning Precedent, Roberts Court ‘Has Lost Its Virginity’
(DBN)

"Citizens United" may bring Sandra O'Connor big win
(DBN)

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Wall Street:

Stock futures signal gains on Wall Street
(DBN)

GDP Skeptics Hammer Stocks
(DBN)

Nasdaq battered as techs slump
(DBN)

Goldman’s Latest Perk: Offering Mortgages to ‘Cash-Strapped’ Bankers
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Uncle Sam Wants You ... to Have a Job
(DBN)

Formula Shows Why It's So Hard to Cut Jobless Rate
(DBN)

Stimulus Report Fuels Jobs Pressure
(DBN)

Pope calls on business, govt to save jobs
(DBN)

Gibbs: Cost of Obama's Jobs Push in Range of $100B
(DBN)

Allstate may shed 20% of its agents
(DBN)

Laid-off executives have farther to fall
(DBN)

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Corporate Reform:

Cleaning Up Wall St.
(DBN)

Bankers try to fight off wave of controls
(DBN)

How a crusade to protect consumers lost its steam
(DBN)

Davos leaves questions over global bank rules push
(DBN)

Federal Agency Proposes Reduced Criminal Penalties for Corporations
(DBN)

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Lehman:

Barclays defends Lehman deal
(DBN)

Paulson Blames U.K. for Lehman's Demise
(DBN)

Deep into the Lehman-Barclays Dispute
(DBN)

Fitch warns of downgrades following Lehman ruling
(DBN)

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Theater:

Pasadena Playhouse on verge of another bankruptcy
(DBN)

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Credit Cards:

Card Delinquencies Fall To Three-Month Low
(DBN)

New credit card statements to feature more information
(DBN)

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Telecoms:

FairPoint bankruptcy plan expected today
(DBN)

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Packaging:

Smurfit clears bankruptcy hurdle, showdown looming
(DBN)

Open and shut: Smurfit-Stone ordered to reveal its finances to potential buyers
(DBN)

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Economy:

White House to paint grim fiscal picture
(DBN)

$100 Billion Increase in Deficit Is Forecast
(DBN)

US Budget Sees Deficits for a Decade
(DBN)

Growth Jumps 5.7%, Fastest Pace in Six Years
(DBN)

Roubini Calls Growth 'Dismal and Poor', Predicts Second-Half Slowdown
(DBN)

Bailout cop: TARP's not working
(DBN)

US economy grows at fastest rate in 6 years
(DBN)

Davos 2010 ends with bankers on the defensive
(DBN)

Recession Was Tipping Point in World Power
(DBN)

Volcker to spell out future of banks
(DBN)

Paulson says he feared run on dollar at start of crisis
(DBN)

Commodity funds 'could be next bubble to burst'
(DBN)

Summers: GDP 'Favorable,' but More Effort Needed
(DBN)

So, How Do You Think This Movie Will End?
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

House Prices Fall In Jan - Report
(DBN)

Fannie Mae offers help with closing costs to foreclosure buyers
(DBN)

Treasury Modifies Mortgage Modification Program Paper Trail
(DBN)

No Walk of Shame: Stiffing mortgage company
(DBN)

Fed preparing to end its mortgage-rate initiative
(DBN)

Quicker "Non-Judicial" Foreclosures and Evictions Coming to Florida
(DBN)

TARP Overseers Have Commercial Real Estate in Their Sights
(DBN)

Real Estate Restructuring: Handing Lenders the Room Keys
(DBN)

Law Prof Says Underwater Borrowers Suffer from ‘Norm Asymmetry’
(DBN)

Payback time for Fannie Mae and Freddie Mac
(DBN)

Deadbeat Jerk Or Practical Realist? This Woman Walked Away From Her Mortgage
(DBN)

When Forensic Loan Audits Are Used Against Lenders
(DBN)

The best story you'll ever read on loan modification hell
(DBN)

Dismissal Motions in Thornburgh Mortgage Subprime Securities Suit Denied in Part, Granted in Part
(DBN)

All Those Little Stuyvesant Towns
(DBN)

Is New York Ready for ‘Trump Town’?
(DBN)

Opus West wins confirmation
(DBN)

Bankruptcy Judge Invalidates Securitization Payment Structure
(DBN)

Bankruptcy Court Strikes Waterfall Subordination Provisions Conditioned on Bankruptcy
(DBN)

Tougher Times Coming for Commercial Real Estate
(DBN)

Crescent Resources sees Chapter 11 exit in Q2
(DBN)

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Banking:

FDIC announces bank failures in Florida, Georgia
(DBN)

Citigroup Plans Huge Liquidation Sale Of Private Equity, Hedge Fund Units
(DBN)

Obama's Bank Job
(DBN)

Overseer: Bank bailout program has mixed results
(DBN)

Volcker: Stop big bank risk-taking
(DBN)

Smaller Banks Don’t Need $30 Billion From U.S.
(DBN)

WaMu Judge Lets Shareholders Retain Bankruptcy Role
(DBN)

WaMu Equity Makes Case Via YouTube
(DBN)

Bankers Put Focus on ‘Real Economy’
(DBN)

Tiny Chicago thrift to 'go dark'
(DBN)

Bankers in favor of paying global fee
(DBN)

Swiss warn UBS bank could collapse
(DBN)

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Fraud:

Some sympathy for Allen Stanford
(DBN)

Stanford causes Vantis going concern threat
(DBN)

E-mails reveal desperate final days of Rothstein's Ponzi scheme
(DBN)

Hard Times Can Bring Out Con Artists
(DBN)

FBI Informant Dwek Began Bribing In His Teens
(DBN)

When the muck flies, FBI corruption witness Solomon Dwek and feds vulnerable
(DBN)

Combating Financial Fraud
(DBN)

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Finance:

In the Packaging of Loans, a Bust With Precedent
(DBN)

The Places They Go When Banks Say No
(DBN)

Credit Crisis, The Sequel? Corporate Debt May Flood
(DBN)

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Health Care:

How to kill a hospital
(DBN)

St. Vincent's hit with contempt motion
(DBN)

Bankruptcy filing caps string of clinic losses
(DBN)

Patients stand by troubled clinic
(DBN)

Medical center bankruptcy draws 3 plans
(DBN)

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Retailing:

Zale Next Retail Bankruptcy : Poll Predicts
(DBN)

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Compensation:

Goldman's Blankfein Expecting $100M Bonus
(DBN)

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Accounting:

KPMG aims to treble consulting revenues
(DBN)

Deloitte: Worst Behind Us. Hiring and Retaining Talent Are Top Priorities
(DBN)

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Debt Collection:

U.S. Government to Pay $7.4 million in Debt Collection Class Action Settlement
(DBN)

FTC Hails Victory Over Abusive Debt Collection Practices
(DBN)

Demise of Axiant, Mann Bracken means chaos, lost jobs
(DBN)

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Tourism:

Amelia Island: A tourist town with little tourism
(DBN)

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Swimming Pools:

Judge clears Latham International plan to exit Chapter 11 bankruptcy
(DBN)

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Golf:

New financing could save bankrupt Bend golf resort
(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 Jobs:

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

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Health Care:

Bankruptcy filing caps string of clinic losses
(DBN)

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Municipalities:

Debunking the bankruptcy myth
(DBN)

Alabama becomes ghost of its corporate past
(DBN)

Jefferson County runs up millions of dollars in legal fees wrestling with debt
(DBN)

Slumping sales tax revenue squeezes state
(DBN)

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Insurance:

More About D&O Insurance Coverage for Special Litigation Committee Expenses
(DBN)

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Autos:

Chrysler plans quirky turnaround
(DBN)

Chrysler will proceed with arbitration in the cases of 789 dealerships
(DBN)

Hecker of a deal: $6.6M house sells for $3.5M
(DBN)

Former Ford, Chrysler auto plants await rebirth
(DBN)

GM to sell Saab to Dutch carmaker Spyker
(DBN)

Saab's Savior
(DBN)

Hummer deadline extended to end of February
(DBN)

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Book Reviews:

Two Days That Shook Wall Street
(DBN)

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Bankruptcy Vendors:

Careful selection of markets stars in Epiq's growth story
(DBN)

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Celebs:

A Sometimes Homeless Sly Stone Sues Ex-Manager, Claims IP Theft
(DBN)

Stories of bankrupt athletes common
(DBN)

A Housewife With Real Problems
(DBN)

Dykstra Mansion On The Market For $14.9 Million
(DBN)

Rip Torn Arrested for Breaking into Bank
(DBN)

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Tax:

Germany Weighs Purchase of Swiss Bank Data by Informant
(DBN)

Obama Tax Credits Aimed at Small-Business Hiring
(DBN)

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AIG:

Risky Trading Wasn’t Just on the Fringe at A.I.G.
(DBN)

AIG filing casts doubt on 'limited exposure' claim
(DBN)

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Aviation:

JAL Says Still Neutral on Delta or American Tie-Up
(DBN)

JAL talks with rivals
(DBN)

JAL president says carrier will decide on alliance partner "as soon as possible"
(DBN)

Japan Airlines bellyflops in a sea of patronage and kickbacks
(DBN)

EU Reviews New Oneworld Plan on Antitrust Concerns
(DBN)

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Bonds:

2010 could be a scary year for bond investors
(DBN)

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Non-Profits:

Mergers, Closings Plague Charities
(DBN)

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Hotels:

Bank's claim to bankrupt hotel challenges Alexandria's downtown plan
(DBN)

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Food/Drink:

Long-term plan critical to Bashas' Chapter 11 reorganization
(DBN)

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M&A:

How Times Have Changed (or Not)for Deals
(DBN)

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UK:

UK: Manufacturing Jumps Most in 15 Years
(DBN)

Accountants could be next amnesty target
(DBN)

Deloitte unveils insolvency at lingerie makers
(DBN)

PwC urges pension trustee prudence despite drop in number of corporate insolvencies
(DBN)

PwC reaction to judgment on Scottish Lion scheme of arrangement
(DBN)

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Greece:

EU reluctantly plans Athens bail-out
(DBN)

Greece's economic problems and euro threats are exaggerated
(DBN)

Are Greek Bonds the New Subprime?
(DBN)

The Great Greek Unraveling of the EU
(DBN)

Protesting Greek farmers produce their 'list of demands'
(DBN)

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China:

China tells banks to check loans being used properly
(DBN)

Many of China's 2000 motor-makers are under threat
(DBN)

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Guam:

Bankruptcy filings up 68%: Medical bills, job losses contribute to debt burden
(DBN)

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Ireland:

Court backlash on personal guarantees
(DBN)

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S. Korea:

Shareholders extend deadline for Hynix stake bids
(DBN)

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Russia:

2009: Russia in Record Economic Contraction
(DBN)

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Japan:

Sluggish economy leaves many Japanese in the cold
(DBN)

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