February 11, 2010

The Daily Bankruptcy News

Law:

U.S. News & World Report's Planned Firm Rankings Raise Hackles
(DBN)

U.S. News to Rank Law Firms, and Now the ABA Is Concerned
(DBN)

Associate Bonus Watch: Orrick, A Case Study in Merit-Based Bonus Payments
(DBN)

Bingham Compensation Plan: A License to Take It Easy?
(DBN)

The Merits of Merit-Based Pay
(DBN)

Why Must Law Firms Be Strategic? Insights from WilmerHale, Cravath, and McDermott.
(DBN)

Cravath in Ménage à Trois with Industrial Gas Suppliers
(DBN)

Is Cravath One Step Closer to Getting Out of Conflicts Lawsuit?
(DBN)

Morgan Lewis Sees Sharp Drop in Profits, Revenue
(DBN)

Revenues Up, PPP down at Perkins Coie
(DBN)

Kasowitz Sues Duane Reade for $7 Million 'Success Fee'
(DBN)

Barnes & Thornburg Makes Strong Showing in 2009
(DBN)

Top-level Clifford Chance management see total earnings fall by one third
(DBN)

Snow Day!!!
(DBN)

Bank Blames Lawyers Now at Dykema for Part of its Financial Woes
(DBN)

Boutique Faces Suit Alleging Wage-and-Hour Violations
(DBN)

Little law firms eye bigger pricing plans
(DBN)

The boutique exodus
(DBN)

Something Fishy Coming to Empty Times Square Tower
(DBN)

It Takes a Niche: Lucrative Alternatives to Lawyering
(DBN)

Is Widespread Use of Alternative Fees Still a Long Way Off?
(DBN)

Silicon Valley Giant Sees Lower Revenues, Higher Profits in '09
(DBN)

City's Request Panics Attorneys
(DBN)

Cleary Advising Iceland in Ongoing Icesave Dispute
(DBN)

Wilmer, Buchanan Tapped for Pro Bono Matters Related to Haitian Orphans
(DBN)

Former Saul Ewing Partner Resigns From Pa. Commission Over DUIs in State Vehicles
(DBN)

Law Firm Puts New Brand on Downtown Tower
(DBN)

Lawyers & Client Face $312K in Potential Bad-Faith Sanctions
(DBN)

Secretary Accused of Stealing Nearly $900,000 From Chicago Lawyer
(DBN)

Williams Mullen Gags On Cucumber
(DBN)

Home Boy
(DBN)

The Dangers of Presenting at a Conference
(DBN)

Action Against N.Y. Office Rule for Out-of-State Attorneys to Proceed
(DBN)

Lawyer Known for Lavish Lifestyle and Golden Toilet Has Died
(DBN)

Next Stop on the Fourth Tier Express: Regent
(DBN)

Quote of the Day: I Would Do Anything for Love
(DBN)

Do's and Don'ts on Valentine's Day Gifts for Lawyers
(DBN)

Is The Law School Tenure System Forever With Us?
(DBN)

Tips for Dating an Attorney: Be Ready to Cite Sources, Deal with ‘Lawyer Personality’
(DBN)

______________

Judges:

Grandy tapped as bankruptcy judge in southern Ill.
(DBN)

The Scalia v. Stevens Smack Down
(DBN)

Got a Beef With Corporate America? Steer Clear of This Supreme Court
(DBN)

Hypotheticals From Bygone Days Date S.C. Justices to Pre-YouTube Era
(DBN)

Posner for President!
(DBN)

Prop 8 Case Puts Judge’s Sexual Orientation in the News
(DBN)

Where Are They Now: Judge Joseph Wapner
(DBN)

______________

Wall Street:

European shares advance in early trading
(DBN)

Shares Toss and Turn for Most of the Day
(DBN)

Risk for markets as stimulus eases: Goldman CFO
(DBN)

Markets Weigh Potential For Higher Discount Rates
(DBN)

Stocks stall as Bernanke signals end of stimulus
(DBN)

Bernanke's Tightening Talk Muzzles Market
(DBN)

Wall St. CEOs Threw Away Customer Trust
(DBN)

______________

Layoffs:

'Jobs bill' won't add many jobs
(DBN)

Jobs Bill Likely to Be Delayed in Senate
(DBN)

Merced County has 19.8 percent unemployment rate
(DBN)

Jobless Suffer With Corporate Cash Climbing to $1.19 Trillion
(DBN)

______________

Fraud:

Hearing in Stanford case set over bankruptcy issue
(DBN)

Stanford Shredders Jury to Begin Weighing Obstruction Charges
(DBN)

A federal receiver has again demanded the return of $1.8 million in donations from disgraced Texas banker
(DBN)

Hecker indicted on fraud charges
(DBN)

White-Collar Complication: Defendants Who Speak Out
(DBN)

______________

Retailing:

Store Closings Could Keep Piling Up Throughout First Half of 2010
(DBN)

______________

Aviation:

Airline consolidation, bankruptcy
(DBN)

Judge postpones hearing on Pace bankruptcy
(DBN)

Air Canada climbing out of red
(DBN)

Air France - KLM Slumps After Q4 Warning
(DBN)

______________

Accounting:

New suit over isle CPA, firm seeks millions
(DBN)

______________

 

Economy:

US Credit Risk Index Pares Decline on Bernanke Rate Comments
(DBN)

Bernanke Lays More Groundwork for Exit Without Giving Timetable
(DBN)

Once Stigmatized, Food Stamps Find Acceptance
(DBN)

Global Confidence Ebbs on Concern Budget Gaps Will Hurt Rebound
(DBN)

Stiglitz: Keep Printing Money, No Default Risk
(DBN)

Latest Data Hints at a Recovery in World Trade
(DBN)

GE's Immelt Differs With Paulson's Recollection of Financial Crisis Talks
(DBN)

How America Can Rise Again
(DBN)

Corporate America Is More Pessimistic Than You Know
(DBN)

New 'Truckers Index' Falls in January, Indicating Slowdown
(DBN)

______________

Real Estate:

Foreclosures Drop 10% in January
(DBN)

US Foreclosure Filings Surpass 300,000 for 11th Month in Row
(DBN)

Defaults on FHA Mortgages Pass 9 Percent
(DBN)

Freddie Mac Will Buy Out 120-Day Delinquent Mortgages
(DBN)

Concern Aired Over Banks’ Real Estate Loans
(DBN)

Creditors seek to end Rubicon's exclusivity
(DBN)

The Ripple Effect
(DBN)

Stuyvesant Town Ownership Hinges on Payment of $90 Million Tax
(DBN)

Sentiments of CRE Execs Are Better, But By No Means Good
(DBN)

TARP Watchdog Says Commercial Real Estate Loans Pose Danger
(DBN)

More Retail Property Deals in 2010 as Loans Mature and Banks Recognize Losses
(DBN)

Four CitiApartments affiliates file for bankruptcy
(DBN)

Not exactly keeping up with the Joneses
(DBN)

Home Builders’ Latest Strategy: Building Houses
(DBN)

Developer Jeffrey Klement files for bankruptcy
(DBN)

Hawaii ranks 11th for foreclosure filings
(DBN)

Option ARMs Don't Measure Up in HAMP: BofA
(DBN)

Citi to Let Distressed Homeowners Stay for 6 Mos.
(DBN)

With Little Oversight, Mortgage Servicers Rack Up Complaints
(DBN)

Genworth Provides 42% More Mortgage Workouts in 2009
(DBN)

_____________

Compensation:

Obama Doesn’t ‘Begrudge’ Bonuses for Blankfein, Dimon
(DBN)

UBS Claws Back Bonuses, But Misses The Point
(DBN)

Goldman CFO: Firm has no "magic formula" for pay
(DBN)

Wall St.’s Biggest Bonuses Go to Not-So-Big Names
(DBN)

AIG Pay Plan: Rank and Rile
(DBN)

______________

Newspapers:

New York Times owner reports £12m profit
(DBN)

New York Times Declines After Reporting Ad-Sales Drop
(DBN)

New York Times Shredded By Cloudy Outlook
(DBN)

______________

Movies:

Columbia, Lions Gate call Terminator auction unfair
(DBN)

'Terminator' rights a battle far from over
(DBN)

US judge OKs "Terminator" sale to hedge fund
(DBN)

______________

Autos:

GM looks to quick dealership settlements
(DBN)

GM exec: Mending fences at top of to-do list
(DBN)

Hecker Asset Wrangling Continues
(DBN)

GM Canada wants dealer suit thrown out
(DBN)

With Toyota in Trouble, Rivals Gain
(DBN)

Plaintiffs Lawyers from Over 20 Firms Ask Federal Court to Consolidate Toyota Case
(DBN)

Judge bars ex-Toyota attorney from releasing documents
(DBN)

California car magnate buys vintage Ferrari fleet in Dutch bankruptcy deal
(DBN)

______________

Apparel:

Auction Set for Bachrach
(DBN)

______________

Student Debt:

Making a Killing on Student Loans
(DBN)

______________

AIG:

AIG's Alico sale may delay, confuse taxpayer exit
(DBN)

A.I.G. Will Use a Grading System for Bonuses
(DBN)

______________

Credit Counseling:

Madigan sues debt settlement companies
(DBN)

______________

Credit Cards:

Entrepreneurs Weigh Credit-Card Options
(DBN)

The Anti-Plastic Movement
(DBN)

Credit card rewards: 4 new traps
(DBN)

______________

M&A:

Mexico Beats U.S. in M&A
(DBN)

______________

Accounting:

Accounting music video launches in time for holiday
(DBN)

______________

Food/Drink:

Unsecured lenders drop Bi-Lo bid
(DBN)

______________

Agriculture:

Bankruptcy could lead to smelly mess for state
(DBN)

______________

Convenience Stores:

Convenience store operator files for bankruptcy
(DBN)

______________

 

New Bankruptcy Opinions
(No new opinions today)
 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings

 

______________

Bankruptcy Statistics:

Personal bankruptcy filings down in January
(DBN)

2009: A Banner Year for Bankruptcies
(DBN)

______________

Finance:

US lenders more willing to own bankrupt firms
(DBN)

The Future of SPEs In Light of General Growth
(DBN)

An Introduction to DIP Financing
(DBN)

______________

Municipalities:

Carly Fiorina: California Bankruptcy 'Should Always Be Considered'
(DBN)

Harrisburg, Pennsylvania Capital, Has Rating Lowered by Moody's
(DBN)

SEC Says Alabama County Sewer Bond Case Shouldn't Be Dismissed
(DBN)

______________

Mass Torts:

Briefs accepted in asbestos lawsuit fraud appeal
(DBN)

______________

Corporate Reform:

Financial reform hits double deep freeze
(DBN)

Fighting Words from the Visionary of the Consumer Financial Protection Agency
(DBN)

______________

Lehman:

Lehman Justice Isn't Blind, It's Unconscious
(DBN)

______________

Hotels:

Las Vegas Ritz Shutting Down Due To Banker Bashing
(DBN)

______________

Banking:

Are Banks Really Refusing to Lend?
(DBN)

Global bank tax near, says Brown
(DBN)

BofA and Citi warned over credit ratings
(DBN)

Smaller banks at risk if commercial real estate falters
(DBN)

America's Best And Worst Banks
(DBN)

Bankers May Soon Be Driven to Alternate Careers
(DBN)

Credit Suisse says 2009 bonuses average $135,000
(DBN)

______________

Defaults:

Global debt defaults hit record $329 billion
(DBN)

______________

Distressed Investing:

Betting on Bad Debt Becoming a Growing Investment Play
(DBN)

______________

Tax:

IRS wants businesses to disclose all uncertain tax positions
(DBN)

______________

Committees:

When Is a Committee Not a Committee for Bankruptcy Rule 2019 Purposes?
(DBN)

______________

Health Care:

St. Vincent's to lay off 32 doctors
(DBN)

Hospital stocks endure Wall Street smack down
(DBN)

______________

Art:

Controversial Auction Sells Warhols From Polaroid's Collection
(DBN)

______________

Cross-Border:

Crossing Borders: International Reorganizations
(DBN)

______________

UK:

Three footy clubs face insolvency judgment day
(DBN)

BLP advises Portsmouth owner as football club wins stay of execution
(DBN)

The Sad State of Finances in English Football
(DBN)

Virtual meetings could save creditors’ cash and IPs bruises
(DBN)

KPMG warns retail CVAs could rocket
(DBN)

British Economy Now as Bad as 1970s
(DBN)

Bank of England: Recovery to be Slow
(DBN)

Bank Exposure to U.K. Government May Pose Risk
(DBN)

______________

EU:

EU summit to get to grips with Greece rescue plans
(DBN)

Europe Agrees to Aid Greece, but Is Unsure of How to Help
(DBN)

______________

Greece:

What Is Wall Street’s Exposure to Greece?
(DBN)

The role of Goldman Sachs in Greek crisis
(DBN)

Why failure to save Greece could see 'blood on the walls'
(DBN)

Greek aid would be no long-term fix for euro zone
(DBN)

Greece's PM vows to slash huge government deficit
(DBN)

Greek Unions Strike Amid Debt Crisis
(DBN)

______________

Japan:

Bankruptcy, Japan style
(DBN)

______________

Spain:

Spain GDP Falls for 7th Quarter, Hurts Deficit Fight
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of The Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).