February 10, 2010

The Daily Bankruptcy News

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Law:

The Year in Bankruptcy: 2009
(DBN)

Bingham Unveils Details on 'Hybrid' Associate Compensation Plan
(DBN)

Bingham McCutchen: Lockstep Base Pay, Merit Bonuses — It’s a Hybrid Plan That Seems to be Working
(DBN)

BigLaw Firm Back on March, Taking Three Bankruptcy Lawyers From Rival
(DBN)

Seyfarth Shaw Adds Greg Yates as NY Bankruptcy Partner
(DBN)

Large Firms Balk at Plans to Revamp Law School Recruiting Process
(DBN)

What’s Up with Clerkship Bonuses?
(DBN)

Ruden McClosky: "We're Not Dissolving"
(DBN)

Willkie Farr posts falling financials for second consecutive year
(DBN)

At Buchanan, Revenue Down, PPP Up
(DBN)

Heller Ehrman Art Auction Exceeds Expectations
(DBN)

Stuy Town Tenants Hire Paul Weiss
(DBN)

Head Count Drops at Texas Firms
(DBN)

Cravath Calls Airgas' Claims a Bunch of Hot Air
(DBN)

Rothstein probe targets Adler
(DBN)

Akerman task force to assist homebuilders
(DBN)

In Rare Move, Federal Circuit Overturns Lower Court's Sanctions
(DBN)

How Health Care Reform Setback Might Benefit BigLaw
(DBN)

In Airgas, Air Products Smackdown, Cravath Hit With Shrapnel
(DBN)

Ex-Client Loses TRO Bid to Ban Cravath in $5.1B Deal, But Could Win Next Round Next Week
(DBN)

Feds May More Closely Scrutinize Attorney-Client Accounts to Close Money-Laundering Loopholes
(DBN)

We Know About Cornell, But What about Vandy, GULC, Duke, Etc?
(DBN)

Northwestern’s Gender Neutral — Possibly Hermaphroditic — Barrister ‘Rulers’
(DBN)

The Most Wanted Law Schools: See Whose Applications Are Way Up
(DBN)

Go-to Trial Lawyer Dies
(DBN)

What GCs Want
(DBN)

Report Criticizes Influence of Plaintiffs Lawyers
(DBN)

Dear In-House Counsel for Macy’s: Buy a Shredder. HTH.
(DBN)

Generation Y Attorneys Enter the Workplace
(DBN)

Legal Battle Over Space Rock: If Lessee Owns It, Is He Liable to Landlord for Damage?
(DBN)

First Jurors, Now Defendants Tweet Mid-Trial
(DBN)

First Thing Lawyer Tells New Clients: Shut Down Facebook Account
(DBN)

Lawyer looking for a lady to date
(DBN)

Judge to Mitigate Damages Out of Pity For Philip Morris Counsel
(DBN)

Say What?!
(DBN)

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Judges:

IL: Local lawyer appointed federal bankruptcy judge
(DBN)

Because Kozinski Must Always Have His Fun
(DBN)

Laura Grandy is new chief judge of bankruptcy court
(DBN)

What if the gay-marriage trial judge is gay?
(DBN)

Clarence Thomas, Sonia Sotomayor, and the Noble Lie
(DBN)

Supreme Court arguments reveal an old-fashioned bench
(DBN)

Federal Judge Blasts Attorneys for 'Bad Faith'
(DBN)

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Wall Street:

World Stocks Rise as Europe Debt Crisis Fears Ease

European Shares Rise For Third Day

Stocks Rally on Greece Hopes
(DBN)

Paulson: 'I'm Not A Great Investor'
(DBN)

Will We Ever Again Trust Wall Street?
(DBN)

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Layoffs:

How a New Jobless Era Will Transform America
(DBN)

Downsizing Killing Workers, Economy
(DBN)

AbitibiBowater subsidiary cuts 163 jobs
(DBN)

GM's Opel plans to invest $11 billion, seeks $3.7 billion in aid; cuts 8,300 jobs in Europe | Washington Examiner
(DBN)

Giving Up on the Conventional Resume
(DBN)

Job openings at 1 per 6.1 unemployed
(DBN)

DC: Decision Time on Long Term Employment

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Banking:

BofA, Citigroup rating outlooks negative-S&P
(DBN Subscription Required)

Fading crisis should galvanize bank boards
(DBN)

Are damaged small banks worthy?
(DBN)

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Magazines:

Penton Media to File Bankruptcy to Cut Debt by $270 Million
(DBN)

Trade publisher bankruptcy plan hits CLOs
(DBN)

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Symphonies:

Philadelphia Orchestra's Ticket Sales Add to Woes
(DBN)

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Tax:

IRS Chief Counsel Outlines Nondischargable Tax Debts in Chapter 13
(DBN)

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Celebs:

Lenny Dykstra Would Like to Give You Investment Advice
(DBN)

Bankruptcy Lawyers to the Celebrities - organized alphabetically!
(DBN)

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Movies:

Studio Tied to Saints Dispute Ordered Liquidated
(DBN)

Terminator Franchise Sold To A Hedge-Fund
(DBN)

MGM enters second round of sale bidding, sources say
(DBN)

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Hotels:

Ritz-Carlton Exits Woebegone Lake Las Vegas
(DBN)

Closing of hotel at Lake Las Vegas raises concerns of ripple effect
(DBN)

2009 called 'the worst' for Valley hotels
(DBN)

Regency buyers seek bankruptcy dismissal
(DBN)

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Small Business:

When States Can't Pay, Small Employers Face Cash Drought
(DBN)

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Economy:

Fed to Reveal Its Strategy for Raising Interest Rates
(DBN)

Consumer Confidence Falls in February

Stimulus Spent? Only 34% of Total

Paulson Tells Buffett Banks to Repay 'Every Penny'
(DBN Subscription Required)

Paulson says nation may profit from bank bailout
(DBN)

When Hank met Warren – a conversation between Paulson and Buffett
(DBN)

Hank Paulson: George W. Bush Was 'Like a Mother' to Me
(DBN)

Warren: Wall Street's Race to the Bottom
(DBN)

Where Elizabeth Warren Got It Wrong

Businesses Reduced Inventories in December
(DBN)

Consumers Spent Modestly in January
(DBN)

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Real Estate:

No Exit as Fannie, Freddie Flail
(DBN)

Trillion-dollar CMO market looks vulnerable
(DBN)

Tishman Speyer rival Brookfield buys debt in loan-to-own bid for DC assets
(DBN)

FHA Loan Defaults Surpass 9%
(DBN)

Silent Second Lien Risk to RMBS Getting Louder
(DBN)

Products Tied to Mortgage Bonds May Face Peril
(DBN)

Changing The Rules In Michigan's Bankruptcy Process
(DBN)

Pulte Homes Narrows Loss
(DBN)

Pulte Homes Posts Bigger than Expected Loss
(DBN)

Nonperforming Loans Introduce Title Risks
(DBN)

Latest from the Lembi Group: Chapter 11 filing
(DBN)

December Drop Brings IAS Index Back to 2004 Levels
(DBN)

Developer with CA Valley ties files for bankruptcy
(DBN)

AHF: Turning point might be near
(DBN)

330 Hudson St. taken back by Trinity
(DBN)

New Valuation Tool Targets REOs
(DBN)

Lawyer admits mortgage scam
(DBN)

Ill. AG Files Suit on Reverse Mortgages
(DBN)

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Autos:

Majority of scrapped GM, Chrysler dealers file appeals
(DBN)

Wegner Motor Sports files for bankruptcy

Inside Toyota's epic breakdown
(DBN Subscription Required)

Toyota's troubles could remake the auto industry
(DBN)

Secretive Culture Led Toyota Astray
(DBN)

Toyota Hit With Federal and State Claims by Stockholders, Vehicle Owners
(DBN)

Kentucky town feels Toyota's pain
(DBN)

Reasons Why Toyota Will Recover Quickly From The Recall Mess
(DBN)

Opel’s Strategy Has Fewer Jobs and Less Capacity
(DBN)

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Fraud:

Rajaratnam to provide SEC with wiretaps
(DBN Subscription Required)

Rajaratnam Will Seek Separate Trial From Chiesi, Lawyer Says
(DBN)

Galleon’s Rajaratnam, Chiesi Face Additional Charges
(DBN)

Fund Manager Stein Sentenced to Nine Years for Fraud
(DBN)

Stanford Investors May Get Some Funds, Receiver Says
(DBN)

Alleged Stanford Shredders Lose Bid to Dismiss Case
(DBN)

East Hampton 'Bag Lady' Tells How Madoff Took It All
(DBN)

Tom Petters, Ponzi schemer, likely to face life sentence next month

Petters' daughter may receive cash set aside
(DBN)

Judge again declines to pay Westgate receiver's bill
(DBN)

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Aviation:

UAL Buoys US Airlines After 'Blowout' Revenue Data

AAR Estimates Impact of Mesa's Bankruptcy on Third Quarter Results
(DBN)

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Horse Racing:

Maryland Jockey Club auction rescheduled
(DBN)

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Lehman:

US Bankruptcy Court flips English decision on flip clauses in Lehman Brothers case
(DBN)

Lehman Examiner's Report Will Not Be Public -- for Now
(DBN)

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Retailing:

Boot Town Western Wearhouse's Chapter 11 plans accepted by Dallas court
(DBN)

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Food/Drink:

One Company’s Trash Is Another Zoo’s Treasure
(DBN)

Interstate Bakeries creditors trust reaches $56M settlement
(DBN)

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Credit Reporting:

Catchy Tunes, But Is the Service Bogus?
(DBN)

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Corporate Governance:

Shareholder Suit: Hef Nixed Playboy Deals to Keep Busty Blonds, Other Lifestyle Perks
(DBN)

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Health Care:

Daughters of Charity health system looks to acquire Downey Regional med center
(DBN)

The World of Long-Term Care Hospitals
(DBN)

Valley Health System's plan to emerge from bankruptcy OK'd; challenges lie ahead
(DBN)

COBRA subsidy extension now in draft jobs bill
(DBN)

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Bankruptcy Rules:

Bankruptcy Rule May Chill Investing, Lawyer Says
(DBN)

Hedge funds vs. bankruptcy judges
(DBN)

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Gambling:

Atlantic City casinos post 8.5% decrease in revenue
(DBN)

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Religion:

Court to auction hot springs near Nome for sex abuse settlement
(DBN)

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Student Debt:

Predatory Lends and College Students
(DBN)

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Trucking:

YRC Worldwide Loses $899 Million in 2009
(DBN)

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New Bankruptcy Opinions
(No new opinions today)
 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings

 

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Corporate Reform:

Financial Regulatory Reform Isn't Happening
(DBN)

US stock exchange heads take aim at "Volcker rule"
(DBN)

S.E.C. Enforcers Focus on Avoiding Madoff Repeat
(DBN)

Straight-Talking Former Federal Prosecutor Is Getting the SEC to Actually Apply Themselves
(DBN)

TARP Watchdog Launches Audit of Bailout Contracts
(DBN)

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Committees:

Judge Bufford likes Websites
(DBN)

Two More Decisions Issued On Whether Bankruptcy Rule 2019 Requires Informal Groups To Disclose Their Trades
(DBN)

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Penton, Movie Gallery, Rubicon, Chemtura, Aleris: Bankruptcy
(DBN)

Municipalities:

Bankruptcy Bloodbath May Hit Muni Bond Owners Next
(DBN)

Controller Says Harrisburg, Penn., May Default
(WSJ: separate paid subscription required)

Two Failing States: Greece and California
(DBN)

Fiorina says Calif. bankruptcy could be considered
(DBN)

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Newspapers:

Star Tribune Staffers Buy Ad To Honor Ex-Colleagues
(DBN)

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Sovereigns:

Sovereign Debt Pain Just Beginning
(DBN)

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Telecoms:

Fairpoint Ordered To Pay Customer Rebates In Maine
(DBN)

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Labor:

The Wages of Recession: Average 2010 Raise Will Barely Cover Inflation
(DBN)

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Foundries:

Grede lands $60 million revolving credit agreement
(DBN)

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Accounting:

DOJ Continues Fight for Deloitte Records
(DBN)

Half of accountants want a new job
(DBN)

Ex-KPMG Associate Sets New Bar for Expense Reimbursement Abuse
(DBN)

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Defaults:

U.S. Speculative-Grade Default Rate Fell in January, Moody's says
(DBN)

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Derivatives:

Creator of Credit Default Swaps Now at AIG
(DBN)

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Compensation:

Investors Said to Pressure Morgan Stanley on Pay
(DBN)

In Heart of the Crisis, Bank of America Exec Bought Ferrari, Rethought It
(DBN)

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Accounting:

Accountants waiting for better times to take new role

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UK:

Grant Thornton rescues Yokshire bakers
(DBN)

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EU:

The indebted economies of Southern Europe threaten the financial stability of the eurozone. The need for a bailout illustrates the flaws in monetary union
(DBN Subscription Required)

Euro falters, awaits details of Greece rescue
(DBN)

UK, Sweden Split With Euro Region on Assisting Greece
(DBN)

Anatomy of a Euromess
(DBN)

Darkness Falls Over A Europe In Chaos, As German, Swedish, And UK Leaders Have Different Ideas For Solving Greece
(DBN)

Is Austria The Next Euro Nation To Get Vaporized?
(DBN)

New European Leadership Faces Economic Hurdles
(DBN)

CDS Spreads Tighten for Greece, Portugal
(DBN)

EU Nations' Reality - Greece's Woes Are Theirs, Too
(DBN)

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Canada:

Fraser Papers reaches three-year agreement with United Steelworkers locals
(DBN)

Fraser Papers' Maine union accepts 8.5 per cent pay cut
(DBN)

Nortel deal buys pensionsers little time
(DBN)

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Greece:

Europe Weighs Rescue Plan for Greece
(DBN)

Greece's Papaconstantinou Unveils Tax Overhaul to Boost Revenue
(DBN)

Germany Mulls Loan Guarantees
(DBN)

Why a debt crisis in Greece matters to the rest of the world
(DBN)

Germany Outlines Greek Aid Measures on Eve of European Summit
(DBN)

Greece Grapples With Tax Evasion
(DBN)

Greek Strikes Challenge Papandreou's Bid to Stop Fiscal Crisis
(DBN)

Corporate Credit Risk Falls Amid Prospects of Greece Support
(DBN)

Greece sticks to guns on wages, taxes
(DBN)

Europeans Discuss Aid for Greek Debt
(DBN)

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China:

China confirmed as world's top exporter
(DBN)

China Lists $9.6 Billion in Shares of U.S. Companies
(DBN)

Senior Chinese Military Officers Propose Selling US Debt
(DBN)

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Spain:

The Pain of Spain is Mainly in the....Euro
(DBN)

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Germany:

German corporate bankruptcies rise again
(DBN)

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