February 22, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here

Law:

Baker Hostetler Picks Up New Bankruptcy Lawyer
(DBN)

For Firm, Flat Year Hits Partners in the Wallet
(DBN)

Hedge Fund Wants Blank Rome Disqualified Over Conflict
(DBN)

A Peek At Wachtell Lipton’s Advice in BacMerSaga
(DBN)

Judge Mulls Jurisdiction for Cravath-Airgas Dispute
(DBN)

Cravath-Style Conflict Accusations Hit Blank Rome
(DBN)

Does King & Spalding Have the Inside Track on Toyota?
(DBN)

Revenue and Profits Fall at Mayer Brown
(DBN)

Linklaters' all-equity plan back in the picture
(DBN)

Kirkland & Ellis Holds Steady
(DBN)

Ashurst Asks More Partners to Leave, Shutters India Office
(DBN)

Last Week in Layoffs
(DBN)

Rothstein's fiduciary duty
(DBN)

Managing partners ‘always on call’
(DBN)

What the New White House Counsel Made Last Year
(DBN)

Will Former Toyota Lawyer Be Whistleblower Amid Safety Mess?
(DBN)

Circling the Sedans: Toyota Turns to BigLaw Partner as Congressional Probe Looms
(DBN)

Using a Lawyer’s Words Against a Client
(DBN)

Lawyers - $10/hour
(DBN)

Memo Identifies 100 Legal Jobs to Be Cut in L.A.
(DBN)

BigLaw Leader's Battlecry: Abolish NALP Now!
(DBN)

Reading BigLaw's Tea leaves: Is That a Tall Dark Stranger With Tons of Billables in Your Future?
(DBN)

From Patton Boggs to Afghanistan and Back Again
(DBN)

Attorney John O’Quinn’s Museum-Quality Cars to Be Auctioned to Pay Some $50M in Debts
(DBN)

Crazy Spammer Maligns San Francisco Law Firm and Berkeley 3L
(DBN)

BofA Protests Cuomo's Filing of Ex Parte Information
(DBN)

Suit Claims LegalZoom’s Document Prep Is Unauthorized Practice
(DBN)

Law Student of the Day: Adrielle Churchill
(DBN)

Endangered Species: Law Reviews See Subscriber Numbers Plummet
(DBN)

Jenner & Block Associate Killed in a Snowmobile Accident
(DBN)

Can Attorneys Practice Law Without Westlaw or LexisNexis?
(DBN)

Say What?!
(DBN)

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Judges:

Cuomo Sends Bank of America Testimony to Judge Rakoff
(DBN)

Does Justice Thomas' Silence Thwart Advocacy?
(DBN)

Ethics Prosecution Blasts Report, Seeks Sanction of Top Texas Judge
(DBN)

Kozinski Demonstrates Foreign Language Knowledge in Call for Rehearing
(DBN)

Justice Barack Obama? Law Prof Says President Could Nominate Himself
(DBN)

FantasySCOTUS: Testing the Partisan Waters
(DBN)

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Wall Street:

Stock futures signal firmer Wall Street opening
(DBN)

U.S. Stocks to Fall, Faber Says; Wood Doubts Recovery
(DBN)

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Layoffs:

Millions of Unemployed Face Years Without Jobs
(DBN)

Millions of Unemployed Face Years Without Jobs
(DBN)

Voters to Democrats: Jobs, Jobs, Jobs
(DBN)

$4B in Stimulus for Welfare Jobs Untouched
(DBN)

20 unemployed vie for every one NYC position
(DBN)

Boeing Sends Over 1,000 Layoff Notices
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

Bleak Economy Pushing Health Insurers to Raise Rates, Analysts Say
(DBN)

Obama to Urge Oversight of Insurers’ Rate Increases
(DBN)

New York City Public Hospitals Fear Huge Loss in State Money
(DBN)

Inland hospital district faces showdown with suitor in bankruptcy court
(DBN)

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Autos:

G.M. Will Pay Its Chief $9 Million in Cash and Stock
(DBN)

GM Names Ousted Chief Henderson Adviser as Whitacre Calls for More Changes
(DBN)

US says no GM ownership conflicts in Toyota case
(DBN)

War on carmakers?
(DBN)

Ford’s Jobless Recovery Means No Hiring as Plants Are Retooled
(DBN)

Visteon proposes exec incentive plan again
(DBN)

Hecker Reacts To Tough Week
(DBN)

Insurer says it told US of Toyota accident claims in 2004: report
(DBN)

Toyota boasted it saved $100M with limited recall
(DBN)

Toyota: Dems 'not industry friendly'
(DBN)

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Fraud:

U.S. Strongly Favors Leniency for a Madoff Aide
(DBN)

Judge Weighs Delay in Galleon Civil Trial
(DBN)

Kim Rothstein living rent free, bankruptcy trustee says
(DBN)

Kim Rothstein Collecting Rent on Forfeited Homes
(DBN)

Judge agrees to interim trustee for Fair Finance
(DBN)

Attorney stalks Petters’ empire
(DBN)

Extortion For Dummies? Rabbi Allegedly Targeted Hedge Fund
(DBN)

Thomas Hagemann, honest services fraud and the hypothetically innocent corporation
(DBN)

Possible Madoff Effect: Triple-Digit White-Collar Prison Sentences
(DBN)

US Favors Leniency for Madoff Aide
(DBN)

Court: Stanford stays in jail
(DBN)

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Retailing:

Simon Property rejects General Growth's response
(DBN)

General Growth Board Sued for Rejecting Simon Bid
(DBN)

Lowe’s Profit Climbs 27% After Sales Exceed Forecast
(DBN)

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Golf:

Bankruptcy a possibility for Colonial Country Club in Harahan
(DBN)

Tapatio in default on loan; foreclosure, sale or bankruptcy possible
(DBN)

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Economy:

Economists: Recovery is firmly on track
(DBN)

Ex-Treasury Secretaries Back Volcker Rule
(DBN)

U.S. Inflation Report Gives Fed Breathing Room on Rates
(DBN)

Core consumer price index fell 0.1% in January, the first drop since 1982
(DBN)

Bankruptcy phobia
(DBN)

Debt: US at Cliff's Edge
(DBN)

Working Without a Standard Playbook, the Fed Plans Its Moves on Rates
(DBN)

Paulson: Plenty of Blame to Spread Around
(DBN)

Rate hike furor shows delicate task ahead for Fed
(DBN)

Stimulus spending on track but may be hard to keep pace
(DBN)

Core inflation drops on falling housing costs
(DBN)

Can Washington Meet the Demand to Cut Spending?
(DBN)

Global Crisis Leads I.M.F. Experts to Rethink Long-Held Ideas
(DBN)

Crisis Over, Geithner Is Going Vogue
(DBN)

Dump Summers and Geithner: Bring in Warren and Spitzer
(DBN)

Bayh: Another Economic Crisis Might Not Be All Bad
(DBN)

GMAC Execs to Testify in Front of Congress
(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:

Home Delinquency Rate Fell Slightly in 4th Quarter
(DBN)

80% of Delinquents Will Lose Homes
(DBN)

Foreclosure Rage
(DBN)

Is the End of the Foreclosure Crisis in Sight?
(DBN)

Housing’s Crystal Ball
(DBN)

Obama to tout housing help Friday in Las Vegas
(DBN)

New Housing Aid Tackles Negative Equity, Second Mortgages
(DBN)

OneWest Bank accused of pushing home loan borrowers into foreclosure
(DBN)

Risky CRE Lending Deadly for Banks
(DBN)

Real Estate Looks Risky, but Less So for Bargain Hunters
(DBN)

Frustrated Owner Bulldozes Home Ahead Of Foreclosure
(DBN)

US Attorney's Office looking into Mastro after bankruptcy
(DBN)

Vanishing Cranes
(DBN)

City’s Affordable Housing Program Faces Trouble Finding Buyers
(DBN)

Foreclosure looms for One Madison Park
(DBN)

Opus Northwest for sale?
(DBN)

Decaying Apartments Symptom of Housing Crisis
(DBN)

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Tax:

Tax Protester's Action Puzzles Friends
(DBN)

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Telecoms:

Rakoff Slams JP Morgan Over Loan
(WSJ: separate paid subscription required)

More Nortel bad news: British pension regulator files $3B claim
(DBN)

Nortel asks US court to block threat from UK pension agency
(DBN)

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Municipalities:

Has the Golden State gone bust?
(DBN)

TARP Funds for Troubled States?
(DBN)

Pennsylvania's state capital considers filing for bankruptcy
(DBN)

Cities get creative in finding revenue
(DBN)

Genesee County commission chairman says Flint might need to file for bankruptcy
(DBN)

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Bankruptcy Crimes:

Couple gets six months in prison for bankruptcy fraud
(DBN)

9th Circuit upholds probation given man for bankruptcy fraud
(DBN)

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Turnarounds:

What to Do When Profits Stall
(DBN)

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Sports:

Fortress Said to Need $150 Million to Keep Resorts
(DBN)

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Resorts:

Ski Resorts Thrive, Despite Recession Pain
(DBN)

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Accounting:

Judge Dismisses 2 Counts Against Rothstein Firm's Former Accountants
(DBN)

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Litigation:

E-Discovery Failings That Amount to Gross Negligence
(DBN)

Itsy-Bitsy, Teeny-Weeny E-Discovery
(DBN)

Chancery Rejects Fiduciary Duty Claim Due to No Equitable Jurisdiction
(DBN)

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Politics:

The Bankruptcy Boys
(DBN)

Republicans Voting Against Stimulus Then Asked Obama for Money
(DBN)

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Newspapers:

Phila. Newspaper Exec Speaks on Bankruptcy Hearings
(DBN)

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Chemicals:

RIL raises LyondellBasell bid to $14.5 billion
(DBN)

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Magazines:

Reader's Digest and Life in These United States
(DBN)

Readers Digest US parent could be held liable for UK pensions deficit
(DBN)

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Celebs:

Actor Sinbad In The State of Bankruptcy
(DBN)

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Corporate Reform:

George Mason Law Prof Confirms CFPA Would Be Worse Than Useless
(DBN)

Elizabeth Warren: It's Bank Lobbyists vs. American Families In Fight For Financial Reform
(DBN)

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AIG:

AIG Death Spiral Ends as Bailout Support Brings Stable Revenue
(DBN)

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Gambling:

Vegas Families Face Off In Bankruptcy Grudge Match
(DBN)

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Public Transit:

Las Vegas Monorail officials thinking beyond crushing debt
(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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Bankruptcy Humor:

Overruled!
(DBN)

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Bankruptcy Statistics:

A fresh wave of business bankruptcy is nevertheless about to wash over US Bankruptcy Courts
(DBN)

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Finance:

New York Lender, Burned but Resolute
(WSJ: separate paid subscription required)

______________

Credit Reporting:

Credit Reporting in Fringe Credit Markets
(DBN)

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Banking:

Citigroup Warns Customers It May Refuse To Allow Withdrawals
(DBN)

Buying Belly-Up Banks With FDIC Backing
(DBN)

BofA’s Ken Lewis Was Always Moynihan’s Biggest Fan (Not)
(DBN)

Ken Lewis Knew: SEC Shows Deposition of Former BofA Chief
(DBN)

OneWest Buys Failed Bank, Three Others Collapse as Toll Climbs
(DBN)

SEC says Cuomo's got it wrong
(DBN)

Fringe Banking and Financial Distress
(DBN)

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Lehman:

Lehman Bankruptcy Advisers Paid $641.9 Million So Far
(DBN)

Alvarez & Marsal Gets $233 Million for Advising Bankrupt Lehman
(DBN)

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Credit Cards:

Banks Focus on People Who Can Pay More for Credit Cards
(DBN)

Credit card companies' side of the story
(DBN)

Beware Loopholes in New Credit Card Law
(DBN)

Credit cards then and now: A look at how the new law changes the rules
(DBN)

Credit card issuers react to Credit CARD Act
(DBN)

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Chapter 13:

Comments on Lanning
(DBN)

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Hedge Funds:

N.Y. Attorney General's Suit to Recover Hedge Fund Losses Proceeds
(DBN)

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Hotels:

Blackstone Group Refinances Debt at Hilton Hotels
(DBN)

The Next Chapter (11) In Buying Distressed Hotels: Bankruptcy Sales
(DBN)

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Theme Parks:

Six Flags wins right to present own plan until April 5
(DBN)

UK:

UK pension regulators target Nortel for US$3.2-billion
(DBN)

Tories Plan Discounts on U.K. Bank Share Sales
(DBN)

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EU:

Citi Says Europe’s Banks May Need $327 Billion Yearly
(DBN)

Debt Deals Haunt Europe
(DBN)

Soros: Greece Not The Only Test for Eurozone
(DBN)

Greek Crisis Fallout: Could the Euro's Days Be Numbered?
(DBN)

Euro Worst to Come as Greece Hammerlocks ECB on Rates
(DBN)

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Canada:

Aspers fail to retain Canwest
(DBN)

Mega Brands seeks creditor protection in U.S. court
(DBN)

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Greece:

Hedge Funds Bet on Greek Debt Default
(DBN)

Greece Said to Have Arranged Swaps With 15 Banks
(DBN)

The Real Greek Tragedy
(DBN)

Euro’s Unity Bid Hits Fine Print in Greek Debt Drama
(DBN)

Greece problems must be solved in euro zone: Lagarde
(DBN)

Anger grows over Greek tragedy
(DBN)

Three-way poker in Greek debt crisis
(DBN)

Bond issue, rescue rumors in focus for Greece
(DBN)

Greece Fixation Plagues European Markets
(DBN)

Greece's Painful Choice
(DBN)

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Cyprus:

Cyprus will suffer the same humiliation as Greece
(DBN)

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Germany:

German tax evaders come clean
(DBN)

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India:

Veil off bankruptcy racket
(DBN)

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China:

China Tightens Bank Lending Rules
(DBN)

China shares fall on bank reserve hike
(DBN)

China New Village Makes Chanos See Dubai 1,000 Times
(DBN)

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Hong Kong:

HK police probe tycoon after failed PCCW buy out
(DBN)

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S. Korea:

Fewer firms fall into bankruptcy in Jan.
(DBN)

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Australia:

The watchdog that didn't bark in the night … or at any other time, for that matter
(DBN)

Small business supports new bankruptcy laws
(DBN)

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Russia:

Can Russia Repay A Debt?
(DBN)

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Italy:

Italy a Bigger Threat to EU than Greece
(DBN)

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Iceland:

Iceland Prepares to Answer Icesave Counteroffer
(DBN)

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Middle East:

Dubai March debt plan to be 'equitable'
(DBN)

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Ireland:

Ireland Pushes Back ‘Bad Bank’ Deadline
(DBN)

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