February 12, 2010

The Daily Bankruptcy News

Law:

Trustee Seeks Law Firm Records to ID Any Other Attorneys in $1.2B Rothstein Scheme
(DBN)

Trustee Sues Rothstein Partner for $10M, Alleges Charges for Jewelry, Home Repairs & Reptiles
(DBN)

Will Bankruptcy Work Continue to Boom?
(DBN)

Biglaw Attorney Turned Psychotherapist Analyzes The Legal Profession
(DBN)

Holland & Knight Litigation Chair Leaves for Boutique
(DBN)

SJ Berwin sounds out US firms as Stateside strategy moves up agenda
(DBN)

W&C Scrambling in Wake of L&W Raid
(DBN)

Law firms form consortium in Toyota recall litigation
(DBN)

Latham, L.A. Boutique Won't Delay Judgment Day
(DBN)

Morgan Lewis: Not Enough Pie for Everybody
(DBN)

Locke Lord, Baker Botts gross revenue down in 2009
(DBN)

Schiff Hardin's Revenue Slips
(DBN)

Drop in Profits, Revenue at Morgan Lewis
(DBN)

Women have been flocking to the legal profession for a generation - yet still fail to make it to senior roles
(DBN)

Legal Secretaries Pursue Class Action, Claim Overtime Violations
(DBN)

Lawyers are going nowhere in this new marketplace unless they can lose this obsession with the effort-based valuation of work
(DBN)

Emerging Trends in Law Firm Litigation?
(DBN)

General Counsel Smashes Bribery Ring at Own Company
(DBN)

Caught in a Legal Snow Daze
(DBN)

Did You Go to Law School to Make $15/Hour?
(DBN)

Law School Offers Spring Break Alternative: Help Haitians Stay in US to Support Families
(DBN)

Beer-Loving Asbestos Lawyer Funds Hops Breeding Program
(DBN)

Corri Fetman: America’s Most Risqué Lawyer
(DBN)

Cross-eyed and facial hair
(DBN)

Prosecutor Suspended Over Plea Deal Allowing Victim to Slap Defendant
(DBN)

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Judges:

Bankruptcy Judge Sees Debt Level Rising
(DBN)

Sen. Reid Critical of ABA Judicial Nominee Evals
(DBN)

FantasySCOTUS: The Majority Shall Reign Supreme
(DBN)

Conservative Judicial Group Moves Into Crisis Mode
(DBN)

Radio Host in Contempt Case Urges 1000s of Fans to E-Mail Court; Federal Judge is Not Pleased
(DBN)

Bank of America Judge Poses 8 Questions on Settlement With SEC
(DBN)

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Wall Street:

US Stock-Index Futures Decline on Chinese Bank Requirements
(DBN)

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Layoffs:

Senators Unveil Long-Awaited Jobs Bill
(DBN)

Obama report: 95,000 jobs to come each month
(DBN)

Administration's Job Prediction 'Somewhat Disingenuous'
(DBN)

Deal on Jobs Shows Limits of Push for Bipartisanship
(DBN)

First-time jobless claims fall more than expected
(DBN)

Obama Advisers Predict Unemployment of 8.2% by 2012
(DBN)

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Hotels:

Marriott says tough to predict recovery
(DBN)

Four Seasons Hotel said to be hitting the block
(DBN)

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Oil/Gas:

Flying J Files Turnaround Plan With Full Payment for Creditors
(DBN)

Flying J files reorg plan rich in asset sales
(DBN)

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Telecoms:

Maine Lawmakers Grill FairPoint Official on Bankruptcy Impact
(DBN)

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Finance:

US $2.3B Stake In CIT Is Wiped Out
(DBN)

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Municipalities:

Moody's again drops Harrisburg's bond rating
(DBN)

Harrisburg can get back on its feet without bankruptcy
(DBN)

Christie declares New Jersey in 'state of fiscal emergency'
(DBN)

Fiorina Suggests California File Bankruptcy : 'This State Can't Pay Its Bills'
(DBN)

Miami Faces Specter Of "Bankruptcy"
(DBN)

Governor Christie Declares 'New Jersey on Edge of Bankruptcy '
(DBN)

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Trucking:

YRC Worldwide Clears Major Debt Hurdle
(DBN)

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Corporate Reform:

Sens. Dodd and Corker to take lead on financial reform overhaul
(DBN)

Dodd's bipartisan push may signal end for consumer protection agency
(DBN)

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Economy:

Obama open to tax hikes on middle class
(DBN)

Dallas Fed chief concerned about government's deteriorating finances
(DBN)

Economists Expect Shifting Work Force
(DBN)

America May Be Doing OK
(DBN)

Credit Study Hints At Economic Turnaround
(DBN)

Elizabeth Warren: "What Part Of 'We Bailed You Out' Don't You Get?"
(DBN)

Hank Paulson Accidentally Reveals How He Fostered The Bailout Mentality
(DBN)

Financial Perversions Sold During Credit Boom
(DBN)

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Real Estate:

Home prices fell 12% in 2009
(DBN)

The Coming Foreclosure and Commercial Real Estate Storms
(DBN)

US mortgage rates dip below 5 pct again
(DBN)

US property loans may fail
(DBN)

Commercial Real Estate Woes Will Cost Banks $300bn: COP
(DBN)

Oregon 9th in nation for foreclosure in January
(DBN)

Visalia developer seeks bankruptcy protection for Dallas properties
(DBN)

California Estate Linked to Edra Blixseth Listed for $75 Million
(DBN)

FTC Seeks Limits On Mortgage Modification Firms
(DBN)

Fannie And Freddie Are The Real Budget Busters, And They're Spending Money To Preserve An Accounting Fiction
(DBN)

Palms of Treasure Island sold in bankruptcy auction
(DBN)

Citi's New Deal For Underwater Homeowners: If You Don't Trash The Place, You Can Live There Six Months Rent Free!
(DBN)

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Autos:

White House report: Auto, parts industries lost $107B over 4 years
(DBN)

Carmakers Struggling, But Industry Allies Rebound
(DBN)

Chrysler Offers Money-Back Guarantees on Minivans
(DBN)

Mercedes, Chrysler Feud Over Hybrid Equipment
(DBN)

GM may contribute more to underfunded UAW pensions
(DBN)

Hecker Starts Trial, Surrenders Passport
(DBN)

Regulators Hired by Toyota Helped Halt Investigations
(DBN)

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Compensation:

Pension Funds Sue Morgan Stanley Over Pay and Bonuses
(DBN)

Shareholder Suit re ‘Staggering’ Pay Says Morgan Stanley Is Run for Employees’ Benefit
(DBN)

Goldman Sachs CFO David Viniar: Don't Expect Compensation Cuts in 2010!
(DBN)

Golden days of CEO pay over?
(DBN)

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Fraud:

Judge hears arguments on Stanford bankruptcy issue
(DBN)

Ruling in Stanford Bankruptcy Case Next Month

Most lawmakers haven't returned donations from disgraced Texas banker Allen Stanford
(DBN)

Bankruptcy attorneys seek $18 million in payments from three Scott Rothstein law partners
(DBN)

Financial Resources bankruptcy spurs calls for inquiry
(DBN)

Fair Finance denies wrongdoing as it agrees to receivership
(DBN)

Durham fights appointment of bankruptcy trustee
(DBN)

Madoff's brother, sons subject of criminal tax-fraud cases
(DBN)

Ex-Madoff Aide Frank DiPascali Wins Release on $10 Million Bail
(DBN)

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Movies:

Sony Pictures and Lions Gate in talks for 'Terminator' rights with private equity fund
(DBN)

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Banking:

More Gossip from the Bank of America-Merrill Lynch Merger
(DBN)

Why the Bank Bailouts Were Necessary
(DBN)

The mother of all bank re-securitizations?
(DBN)

Banks Expected To Sell More Nonperforming Loans
(DBN)

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Mass Torts:

Fla. Ruling to Determine Fate of Thousands of Asbestos Cases
(DBN)

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Accounting:

Going concern warnings put business at risk
(DBN)

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Distressed Investing:

Fund seeks distressed assets from other funds
(DBN)

Lennar Buys $3.05bn of Distressed Real Estate Loans
(DBN)

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Newspapers:

It doesn't ad up for The NY Times
(DBN)

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Gambling:

Gambling Revenue Rises in Las Vegas
(DBN)

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New Bankruptcy Opinions
(3 new opinions today)
 

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings

 

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Bankruptcy Statistics:

OC bankruptcies spike nearly 60 percent in January
(DBN)

Prepackaged bankruptcy filings, section 363 sales will remain brisk business, predicts Jones Day
(DBN)

Chapter 11 Filing Data Are Noisy
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Food/Drink:

Fast food franchisee files for bankruptcy
(DBN)

Court extends bankruptcy protection for Mariner Seafoods
(DBN)

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Personal Bankruptcy:

Solicitor General Amicus Brief in Lanning
(DBN)

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Credit Cards:

Is it time for a revolt against credit card companies?
(DBN)

______________

Health Care:

St. Vincent's troubles led to two shutdowns
(DBN)

Marshall dismayed at hospital shortage
(DBN)

Qns. reacts to St. Vincent's shaky future
(DBN)

______________

Sales:

3rd Circuit Affirms Rejection of $15 Million Break-up Fee in Section 363 Bankruptcy Sale
(DBN)

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Litigation:

The Delaware Court of Chancery Offers New Arbitration Procedures for Confidential, Efficient Resolution of Significant Business Disputes
(DBN)

Why Litigators Should Be Looking Forward to Health-Care Reform
(DBN)

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Aviation:

American Airlines plans to start charging its stand-by fliers
(DBN)

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Theme Parks:

Shareholder wants Six Flags' management replaced
(DBN)

______________

Private Equity:

VC-Backed Bust: Veoh Networks
(DBN)

For Private Equity, I.P.O. Exits Proves Elusive
(DBN)

Turnaround Firm Looks Under The Hood, Finds Dividend
(DBN)

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UK:

Law firms should notify regulator of financial trouble, says KPMG
(DBN)

HMRC on warpath with law firm over ‘secret’ tax advice
(DBN)

Offshore tax scheme clampdown looms
(DBN)

MRC administrators cut over 400 staff at Ethel Austin
(DBN)

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EU:

Euro Falls as EU's Greece Agreement Offers Limited Measures
(DBN)

Greece’s Woes May Give Pause to Euro Zone Candidates
(DBN)

Euro zone GDP recovery falters, bumpy road ahead
(DBN)

Euro Falls for Third Day on Concerns About Slowing Regional Growth, Greece
(DBN)

German halt casts shadow over European GDP recovery
(DBN)

______________

Greece:

Greek PM: We Don't Need Saving
(DBN)

EU leaders say ready to help debt-laden Greece
(DBN)

Merkel dashes Greek hopes of economic rescue bid
(DBN)

EU leaders offer Greece moral support but no financial aid, to seek IMF assessment
(DBN)

EU Comes to Greece's Rescue, But With Strings Attached
(DBN)

Investors bewildered by EU deal over Greece
(DBN)

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Canada:

The Ins and Outs of Insolvency
(DBN)

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Italy:

Mariella Burani holding co declared bankrupt
(DBN)

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Germany:

Germany's economic recovery stalls
(DBN)

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China:

China surprises by raising banks' required reserves
(DBN)

______________

Korea:

Creditors to Nominate Successor For Hynix Semiconductor Chief
(DBN)

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