February 2, 2010

The Daily Bankruptcy News

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Law:

What Did Paul Weiss Just Say?
(DBN)

Lateral Partner Moves Spiked in 2009, New Report Shows
(DBN)

Haynes and Boone hires six for New York office, including two in bankruptcy
(DBN)

Paul Hastings Partner Defections: And Then There Were Six
(DBN)

Greenberg Traurig Adds Lawrence E. Rifken and John T. Farnum to Reorg & Bankruptcy Practice
(DBN)

Revenues Up, Profits Down at Bryan Cave
(DBN)

Greenberg Traurig Completes Leadership Transition
(DBN)

Leading law firm under fire after a partner 'questions commitment of young-mother candidate'
(DBN)

World Wide Ebb: Eight More Partners Defect From NY BigLaw Firm
(DBN)

MoFo Surprised at Number of Staffers Retiring Early to Preserve Health Subsidies
(DBN)

Mayer Brown and the Infinite Silence
(DBN)

Weil Gotshal's Restructuring Team Off to Fast Start in 2010
(DBN)

Government Lawyers: Welcome to the Recession
(DBN)

On the Cauldron System of Justice: Who Needs a Courtroom, Anyway?
(DBN)

School creep's detention haul
(DBN)

Weil Gotshal Leads Two Clients Out of Bankruptcy
(DBN)

When Legal Bills Become a Cause for Dispute
(DBN)

Note to Recruiting: Hire the C Students
(DBN)

Closing Attorney & Bank Lawyer Must Defend Suit Over Alleged Loan Fraud by Others
(DBN)

Don't Be the Associate in the Red Shirt!: William Shatner Beams Into Law Firms
(DBN)

Jones Day: NALP Plan for Delayed Job Offers Is Radical and Anticompetitive
(DBN)

Hell of a (Jones)Day, Today
(DBN)

More Fallout From ABA President Carolyn Lamm's Spin Piece
(DBN)

San Diego May Be Classy, But Does It Need a Public Law School?
(DBN)

Attorney Says Prosecutors Engaged in Vendetta to Ruin Him
(DBN)

Another Attorney Leaves the Law to Drive a Cupcake Truck
(DBN)

Say What?!
(DBN)

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Judges:

Judge Offers 'E-Mail Netiquette for Lawyers'
(DBN)

Justice Alito's candid response to Obama's rebuke
(DBN)

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Wall Street:

Stock futures signal fall on Wall Street
(DBN)

Does Lloyd Blankfein Have a Death Wish?
(DBN)

Collapse Of Bear Stearns Took Away From Hank Paulson's Bird Time
(DBN)

The little-known reason why investment banks got too big, too greedy, too risky, and too powerful.
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Finance Layoffs: Barclays, Regions and more
(DBN)

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Aviation:

Boeing predicts economic recovery in 2010
(DBN)

Japan Airlines Plans Quick Decision on Delta, American Offers
(DBN)

Asian air traffic passes N. America's
(DBN)

New Management Team Vows to Rescue Japan Airlines
(DBN)

ETIC looks to lighten JAL's load
(DBN)

India's capital-hungry airlines
(DBN)

Bonus Miles Expand, but Flight Upgrades Are Squeezed
(DBN)

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Telecoms:

FairPoint reports $2.76b debt in bankruptcy filed Friday
(DBN)

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Health Care:

St. Vincent to take over Washington County Memorial
(DBN)

Doctors group hasn't shown it can buy VHS hospitals, trustee says
(DBN)

Sunrise to cut VP of North American operations
(DBN)

Obama proposes COBRA premium subsidy extension
(DBN)

Health Care: 16% Of GDP?
(DBN)

Lessons from a failed medical venture
(DBN)

N. Vernon hospital buys bankrupt hospital's assets
(DBN)

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AIG:

AIG: Could the Cancer Have Been Contained?
(DBN)

Why AIG info was really withheld
(DBN)

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Lehman:

Barclays Employees Say The Glorious Lehman Cafeteria Is Back
(DBN)

BarCap Moves To Dismiss Lehman Suit
(DBN)

Lehman lobbies, briefly
(DBN)

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Newspapers:

Chicago Tribune Trims Size
(DBN)

Tribune Creditors Seek To File Suit Over 2007 Buyout
(DBN)

Tribune Seeks More Time to Reorganize, Cites Creditors' Debate
(DBN)

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Municipalities:

Adviser urged JeffCo leaders to hire HealthSouth turnaround firm
(DBN)

Judge may soon ask Vallejo to begin drafting bankruptcy exit plan
(DBN)

Vallejo's financial woes mean more cops for Hayward, Richmond
(DBN)

California's Divided Fortunes
(DBN)

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Insurance:

MetLife Cut by Fitch on Commercial Real Estate Losses
(DBN)

At 1st Circuit, Unum Group Challenges Verdict Based on Insureds' False Claims
(DBN)

______________

 

 

Economy:

Huge Deficits May Alter U.S. Politics and Global Power
(DBN)

US manufacturing grows in Jan; spending up a touch
(DBN)

Data Hit Hopeful Notes for Economy
(DBN)

Consumer spending slows
(DBN)

Financial Crisis Panel Members Aided Firms Involved in Bank Suits
(DBN)

Volcker Looms Larger as Support for Bernanke Strengthens Ties
(DBN)

White House Unveils $3.8 Trillion Budget
(DBN)

Obama Budget Has $1.9 Trillion Tax Rise for Richest, Businesses
(DBN)

Business howls over Obama tax bites
(DBN)

Budget Would Raise Tax Rates on Wealthy, Limit Deductions
(DBN)

Fed's Emergency Efforts Winding Down Amid Market Approval
(DBN)

Volcker Rule vs. Basel Proposals
(DBN)

Obama's wish-list economy
(DBN)

On prayer, birds and dry heaving - the testing of Henry Paulson
(DBN)

BP Sees 'Slow' Recovery as Profit Misses Estimates
(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:

Fannie Mae Serious Mortgage Delinquencies Rise Above 5%
(DBN)

Fannie, Freddie seen tapping more taxpayer funds
(DBN)

Construction Spending Drops Sharply
(DBN)

Mortgage Modifications Drive Lack of Private Investor Demand
(DBN)

Bob Toll Takes a Pay Cut
(DBN)

Home Valu pushed into bankruptcy by suppliers
(DBN)

That Commercial Real Estate Shoe
(DBN)

Mortgage deduction in crosshairs again
(DBN)

Cool Springs developer files reorganization plan after bankruptcy
(DBN)

Macklowe Selling Off New York Rental Business
(DBN)

Least and Most Affordable Housing in the World
(DBN)

SIGTARP Warns of Second Housing Bubble
(DBN)

Distressed Commercial Property Could Cause Another Financial Crisis
(DBN)

MBA: 13% of Commercial Mortgages to Mature in 2010
(DBN)

Bank leaves trail of flipping, fraud
(DBN)

_____________

Banking:

Citigroup settles with Cuomo over "free" checking
(DBN)

Bankers in Davos Seek a United Message on Volcker Rule
(DBN)

Banks Gear Up for a Battle
(WSJ: separate paid subscription required)

______________

Magazines:

Reader's Digest Delays Bankruptcy Exit; Offloads CompassLearning
(DBN)

Reader's Digest UK arm faces administration threat
(DBN)

Marlin Equity Buys Compass Learning
(DBN)

______________

Fraud:

Solomon Dwek: I lied, I cheated and I stole
(DBN)

Rothstein E-Mails Reveal Role of Former Plaintiffs Lawyer
(DBN)

Lauderdale Chief Adderley says scrutiny over Rothstein unfair
(DBN)

Rothstein surrenders all the material possessions that made up his life of luxury
(DBN)

Madoff firm former exec being forced to forfeit house
(DBN)

Madoff Victims Take on Trustee Over Compensation Totals
(DBN)

Stanford Workers Illegally Shredded Files, Jury Told
(DBN)

Allen Stanford liquidators' 'cash fear'
(DBN)

Litigation Fraud Allegations Hotly Disputed in Dole Case
(DBN)

Federal fraud inquiry involving Colonial Bank ongoing
(DBN)

How U.S. Law Helps Shield Global Criminality
(DBN)

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Furniture:

Court approves Classic Sleep Products sale
(DBN)

______________

Resorts:

Greg LeMond Weighs Bid For Blixseth Compound
(DBN)

______________

Pensions:

PBGC Takes Fluid Routing Pension Under Wing
(DBN)

______________

Autos:

Ex-Treasury chief ignored GM plea
(DBN)

Bears nipping at Ford as short interest ticks up
(DBN)

Nummi workers demand action by union
(DBN)

Sharp cuts for some Delphi retirees
(DBN)

Opel labour, CEO clash on revamp plan
(DBN)

Toyota's woes drag down entire industry
(DBN)

______________

Baseball:

The Rangers sale is a "trainwreck"
(DBN)

______________

Video Rentals:

Movie Gallery weighs liquidation
(DBN)

______________

Hollywood:

The MGM Follies: How Hedge Funds Got Taken for a Billion Dollar Ride in Hollywood
(DBN)

______________

Mass Torts:

Asbestos firm argues against amicus briefs
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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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Bankruptcy Prediction:

Fewer Corporate Failures Ahead
(DBN)

______________

Litigation:

Judge Scheindlin Issues 85-page Opinion on E-Discovery entitled "Zubulake Revisited: Six Years Later"
(DBN)

______________

Bankruptcy Reform:

Does "Too Big to Fail" Mean "Too Big for Bankruptcy"?
(DBN)

______________

Directories:

RH Donnelley exits bankruptcy as Dex One
(DBN)

______________

Retailing:

Bankruptcy Marks End of Ski Market's Legacy
(DBN)

General Growth seeks six-month extension to exclusivity
(DBN)

______________

Corporate Reform:

A Curveball Alters Talks Over Reform of Wall St.
(DBN)

What Volcker should tell Wall Street
(DBN)

Obama seeks 12 percent budget increase for SEC
(DBN)

Greenberg Traurig's Sklaire on the shift in tone at the SEC
(DBN)

TARP Watchdog: 'It Is Hard to See How Any of the Fundamental Problems in the System Have Been Addressed'
(DBN)

______________

Finance:

For Some A.R.C. Loan Borrowers, an Expensive Surprise Caps the Long Wait
(DBN)

As insults fly, U.S. business lending suffers
(DBN)

Wall of Junk Debt Maturities Looms, Moody's Says
(DBN)

CIT Group COO Mason to Leave Feb. 26
(DBN)

Small businesses say credit not yet a problem
(DBN)

______________

Distressed Investing:

Speculative-Grade Default Rate to finish 2010 at 5%, S&P Says
(DBN)

Corvus Group Launches Troubled Asset Advisory Group
(DBN)

LBC Credit Partners Closes $645M Fund II, Surpassing $400M Target
(DBN)

Distressed Positioned in Credit Rally
(DBN)

______________

Golf:

Oakwood Country Club files for bankruptcy early after IRS seizes assets
(DBN)

______________

Celebs:

'Peter Puck' To Part With Championship Rings
(DBN)

Fallen stars enjoy the fruits of failure - No penalty when stars fail
(DBN)

______________

Food/Drink:

New owner of former Penn Traffic supermarkets asks everyone to 'have patience'
(DBN)

Wilmington Trust Clarifies Role in Natural Products Group, LLC Bankruptcy Case
(DBN)

Price Chopper Sues Penn Traffic For $1.6M
(DBN)

______________

Elevator Music:

Muzak Completes Financial Restructuring and Emerges From Chapter 11
(DBN)

______________

Trucking:

Arrow let bills, workers' claims pile up in closet
(DBN)

______________

Compensation:

$100 Million Bonus Report: Goldman Lashes Out
(DBN)

A bonus question
(DBN)

______________

Tax:

Swiss Banks Achilles Heel Is Workers Selling Data
(DBN)

______________

Hotels:

Extended Stay Court Examiner Seeks More Time
(DBN)

______________

UK:

London risks becoming 'brothel' for bankruptcy tourists
(DBN)

Sovereign's scheme administrators announce further US$30million distribution to creditors
(DBN)

______________

Canada:

Victoria bids on bankrupt motels
(DBN)

CanWest to rejig newspaper auction
(DBN)

______________

Germany:

A disorderly descent
(DBN)

German Retail Sales Increase on Christmas Spending
(DBN)

______________

Japan:

Smugness at heart of woes for Toyota, JAL
(DBN)

______________

Greece:

Greek PM says cannot be at mercy of lenders
(DBN)

Greek Bond Spreads Narrow Ahead Of EU Verdict
(DBN)

______________

China:

China Ore Standoff Shows Limits to Economic Clout
(DBN)

______________

Australia:

Australia in surprise interest rate freeze
(DBN)

______________

 

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