February 24, 2010

The Daily Bankruptcy News

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

Law:

US top court: Companies are based where execs are
(DBN)

Supreme Court Establishes 'Nerve Center' Test for Corporate Jurisdiction
(DBN)

Morrison & Foerster Adds Bankruptcy Partner From Paul Hastings
(DBN)

Coasting Partners Beware: You Aren't Out of the Woods Yet
(DBN)

Covington & Burling Partner Wants to Fix the Broken Legal System
(DBN)

Am Law Firms Hitch a Ride with Big Auto Assignments
(DBN)

Federal Judge Steps Aside, Allows Del. Court to Decide Claimed Cravath Conflict Issue
(DBN)

Venable Sees Flat Revenue
(DBN)

At Reed Smith, Profits Rise as Revenue Falls
(DBN)

D.C. Firms Post Mixed Results
(DBN)

Ruden McClosky Faces Tough 2010 With Fewer Lawyers, Offices
(DBN)

Alternative Billing Boosts Robust 2009 Figures at Crowell & Moring
(DBN)

Firm Tinkers With BigLaw Model, Sees Revenue and Profits Plummet in 2009
(DBN)

The Secret to Success for a Young Managing Partner
(DBN)

Latham Raids Vinson & Elkins for Four Partners
(DBN)

PI Lawyer Takes ‘Honest Services’ Plea; Case Once Thought ‘Massive’ Fizzles
(DBN)

Probe of Slain Lawyer Leads to Allegations of Scam Involving His Law Firm
(DBN)

Top Legal Officer Stepping Aside at Morgan Stanley
(DBN)

Trump v. Icahn Gets Underway
(DBN)

Cooley Godward Chair Points Finger at Wilson Sonsini as Brocade Backdating Trial Opens
(DBN)

Body of Victim in Lotto Winner Murder Case Found in Law Firm’s Back Yard
(DBN)

Thorp Reed & Armstrong Gets Bankruptcy Partner
(DBN)

Law School Buys Naming Rights to Ballpark
(DBN)

Lawyer Accused of Stealing $2.4M from Corporate Client, Gambling It Away
(DBN)

Lawyer Suspended for Using Client’s Handicapped Parking Permit
(DBN)

Taj Still Lives! And He’s Running for Arizona AG.
(DBN)

Craigslist Post of the Day
(DBN)

Jim Belushi to play lawyer in CBS drama
(DBN)

2nd Circuit Denies En Banc Review of Lynne Stewart's Sentence
(DBN)

Woman, 79, Finishes Law School, Lands 1st Job in Practice
(DBN)

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Judges:

Akin Gump's Goldstein: Kagan Will Be the Next Scotus Appointment
(DBN)

Is Pay Freeze for Judges a Constitutional Violation? Yes, Say Other Judges
(DBN)

Will the Supreme Court Hear Case Involving Prosecutor/Judge Affair?
(DBN)

Judge Accused of Paddling Defendants Is Disbarred
(DBN)

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Wall Street:

 

Stocks retreat as confidence slumps
(DBN)

Contrarian view on consumer confidence
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Layoffs:

ABC News to Cut Hundreds of Staff Members
(DBN)

NYC Transit to Cut 1,000 Jobs
(DBN)

San Fran expected to cut 1,000 school employees
(DBN)

Continental to lay off 600 reservation agents
(DBN)

Boeing prepares to cut nearly 800 IT workers
(DBN)

Layoffs Looming at MaineToday Media
(DBN)

Scott Brown branded turncoat for 'jobs bill' vote
(DBN)

Mass Layoffs Increase in January
(DBN)

Harry Reid Unleashed: 'Men, when they're out of work, tend to become abusive'
(DBN)

Economist Mark Zandi Says More Jobs Are On The Way as the Economy Rebounds in Nation's Heartland
(DBN)

Most of Unemployed Don’t Expect to Find Work
(DBN)

Nearly 20% of workers underemployed
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Chemicals:

Chemtura Wins Right to Control Bankruptcy Until June
(DBN)

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Corporate Reform:

Administration Makes Push for Consumer Agency
(DBN)

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Gambling:

Trump, Ichan Compete for 3 Atlantic City Casinos
(DBN)

Trump Argues Name Can't Be Used By Icahn for Casinos
(DBN)

Bankruptcy court is the latest venue in the Trump-Icahn Atlantic City battle
(DBN)

Icahn says he might sell two of three Trump properties
(DBN)

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Publishing:

HMH staves off bankruptcy with financial restructure
(DBN)

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Health and Beauty:

O.C. firm’s bankruptcy plan OKed
(DBN)

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Economy:

Consumer Confidence Falls to Lowest Since April
(DBN)

Bernanke Likely to Face Questions on Jobless Recovery
(DBN)

Two Fed banks wanted discount rate hike in mid-Jan
(DBN)

Another Fed Maneuver to Digest
(DBN)

CBO: Stimulus bill created up to 2.1 million jobs
(DBN)

Greenspan: Recovery 'extremely unbalanced'
(DBN)

Junk Economics and the Assault on the Middle Class
(DBN)

Hard Times? Americans Blame the Poor
(DBN)

America's Greek Shield
(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:

Nearly One in Four Borrowers Underwater on Mortgage
(DBN)

Case-Shiller Adds to Confusion on Housing Market
(DBN)

A Look at Case-Shiller, by Metro Area (February Update)
(DBN)

Home prices fall another 2.5%
(DBN)

U.S. Home Prices Rise Modestly
(DBN)

Orlando Home Prices Crash in January
(DBN)

Automated Short Sales on the Way as HAFA Nears
(DBN)

FICO Finds More Borrowers Default on Mortgages Over Credit Cards
(DBN)

Highlights from Home Builder ‘Survivor Conference’
(DBN)

Gov't to add consumer protections to mortgage plan
(DBN)

Failed Heritage Plantation developer files for bankruptcy
(DBN)

New settlement in Met suit
(DBN)

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Autos:

General Motors roaring out of bankruptcy
(DBN)

UAW Anger at Contract Concessions on the Rise
(DBN)

Darrow III files for bankruptcy protection
(DBN)

GM ex-CEO Fritz Henderson hired back as a consultant - $3,000/hour
(DBN)

Hecker's girlfriend must turn over cash and prizes
(DBN)

Witnesses: Toyota problems could be electronics
(DBN)

The Real Cause Of Toyota's Problems
(DBN)

Toyota Official Says Recall May Not Fully Solve Safety Problem
(DBN)

Toyota’s Latest Legal Headache
(DBN)

Toyota president: We grew too big, too fast
(DBN)

Spyker says purchase of Saab finalized
(DBN)

Spyker a notorious late payer
(DBN)

Deal to Sell Hummer to China Company Nears Collapse
(DBN)

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Banking:

FDIC Report Suggests Biggest Drop in Lending Since The 1940s
(DBN)

FDIC's 'Problem Bank' List Grows
(DBN)

Sick banks may mean feeble recovery
(DBN)

At FDIC , Bracing for a Wave of Failures
(DBN)

Banks at risk of going bust tops 700
(DBN)

Banks Apply Pressure to Keep Fees Rolling In
(DBN)

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Fraud:

Va. entrepreneur faces fraud charges, bankruptcy
(DBN)

Moving trucks spotted at Tim Durham's home
(DBN)

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Resorts:

Club founder goes on trial for 'looting' MT resort
(DBN)

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Paper:

Natchez pulp recycler files for Chapter 11 bankruptcy
(DBN)

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Food/Drink:

Tavern On The Green creditors, city face off over name
(DBN)

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Aviation:

After 14 months of declines, airline passenger revenue rose last month
(DBN)

Nearly a quarter of US airline jobs vanished in decade, data show
(DBN)

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Student Debt:

$180,000 In Debt
(DBN)

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Health Care:

Judge considers doctors' ability to buy VHS hospitals
(DBN)

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Enron:

Enron Savings Plan Begins Distribution from Newby Settlement
(DBN)

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Theme Parks:

Bankruptcy judge to decide who owns rides at Kentucky Kingdom
(DBN)

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Video Rentals:

Blockbuster Opts for a Restructuring
(DBN)

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Religion:

Judge orders diocese to pay
(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 Reform:

Poll Finds Little Support For ‘Too-Big-To-Fail’ Court
(DBN)

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Sovereigns:

Harvard's Rogoff Sees 'Bunch' of Sovereign Defaults
(DBN)

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Litigation:

Judge’s Latest E-Discovery Ruling Is ‘Wake-up Call to Litigants’
(DBN)

Step 1 for Legal Holds: Trigger Events
(DBN)

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Retailing:

Brookfield Said to Seek 30% Stake in General Growth
(DBN)

The Force Is With Simon Property, Not GGP, in Mall Wars
(DBN)

For General Growth creditors: cash vs stock?
(DBN)

General Growth reportedly agrees to relinquish Chapel Hills Mall to lender
(DBN)

Home Depot, Macy's Forecast Sales Growth After 2009 Declines
(DBN)

Home Depot Not Home Free
(DBN)

Target Profit Rises on Holiday Sales and Groceries
(DBN)

Christmas Shopping, Competitors' Demise To Boost TJX's Q4
(DBN)

Sears Rises as Fourth-Quarter Sales Beat Estimates
(DBN)

Office Depot Narrows 4th-Qtr Loss, Tops Estimates
(DBN)

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Avoidance Actions:

Fraudulent Transfer Claims on the Rise
(DBN)

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Distressed Investing:

Who's buying bankrupt firms?
(DBN)

Hedge Funds Distressed Debt Survey
(DBN)

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Recording Industry:

Future of Public Enemy's New Album Uncertain as Sellaband Files for Bankruptcy
(DBN)

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Plastics:

Bankruptcy court rules in favor of liquidating Illinois molder Duraco
(DBN)

Former Duraco workers demand back pay
(DBN)

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Magazines:

Another publisher files for bankruptcy
(DBN)

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Defaults:

Debt: The Big Hangover Has Only Just Begun
(DBN)

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Credit Cards:

The Credit Card Companies' New Catch-22
(DBN)

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Municipalities:

States' tax collections fall again
(DBN)

Muni defaults may rise, Moody's warns
(DBN)

LA's Financial Rating Downgraded
(DBN)

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Celebs:

Famous brothers calling it quits?
(DBN)

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Tax:

1 in 8: OK to Cheat on Taxes
(DBN)

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Telecoms:

FairPoint reports revenue overstated
(DBN)

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Consultants:

Huron's Shares Dive on Tepid 2010 Revenue Outlook
(DBN)

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Newspapers:

Miami Herald stops asking for donations... 'Experiment' over
(DBN)

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Academia:

Top Five Bankruptcy Article Downloads
(DBN)

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EU:

Europe's Recovery Shows Signs of Stalling
(DBN)

European Banks Face Showdown on Debt
(DBN)

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Canada:

Abitibi restructuring at risk
(DBN)

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Greece:

Greece paralyzed by strike against austerity plan
(DBN)

Greek/German 10-yr debt yield spread widens
(DBN)

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Iceland:

Iceland to start talks on EU membership
(DBN)

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