February 25, 2010

The Daily Bankruptcy News

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

Law:

Despite Decreased Revenue at Some Law Firms in 2009, Sunnier Year May Be Ahead
(DBN)

Profits, Revenue Hit Record Highs at Jenner & Block
(DBN)

Is Plaintiff-Side Work BigLaw’s New Pathway to Riches?
(DBN)

Did Blockbuster drop Kirkland for Weil?
(DBN)

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

How bad was it in 2009?
(DBN)

The Defections From White & Case Continue
(DBN)

Revenue Declines Slightly at Arent Fox
(DBN)

Hogan sees financials fall in 2009 as firm gears up for Lovells merger
(DBN)

Profits, Revenue Hit Record Highs at Jenner & Block
(DBN)

Locke Lord Adds Another Former U.S. Attorney
(DBN)

Morrison & Foerster Expands Bankruptcy & Restructuring Practice with Addition of Partner Anthony Princi to New York Office
(DBN)

Fried Frank Hires Epstein
(DBN)

Eversheds rated as top law firm brand in 2010 Superbrands rankings
(DBN)

Judge to Compel 2 Rothstein Firm Lawyers to Turn Over Computer Passwords
(DBN)

Former Managing Partner Gets 99 Years in $25M Investment Scheme
(DBN)

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

Lawyer Explains Why Ex-Detroit Mayor Missed Payment: He Must Live Lavishly
(DBN)

Is Jeffrey Toobin the Tiger Woods of Legal Journalism?
(DBN)

Big firms put their associates through hell, but small firms pay peanuts
(DBN)

Ex-Ropes, Foley Hoag Lawyer Settles With NHLPA In Employment Dispute
(DBN)

EDs
(DBN)

Former Wall Street Professional Attempts To Break Into Competitive New York Market
(DBN)

Applications for UMass Law School Soar
(DBN)

NALP Won’t Distinguish Between Equity and Non-Equity Partners: Women, Minorities, and Lovers of Truth Get Angry
(DBN)

Law Firm Consolidates Support Services and Saves
(DBN)

Are Law Schools Gaming Their Law Review Circulation Data?
(DBN)

Columbia 2L Julia Neyman and her ‘Buns of Steal’
(DBN)

Naming Rights or Naming Wrongs? A Chat With Cooley Dean Dan LeDuc
(DBN)

Southern Lawyers Don't All Wear Seersucker
(DBN)

Lawsuit of the Day: More Meat!
(DBN)

One Weird Lawsuit
(DBN)

Indubitably
(DBN)

Say What?!
(DBN)

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Judges:

Justice Thomas’ Wife Launches Website for ‘New Citizen Activists’
(DBN)

Appeals Court Reverses Death Sentence, Doesn’t Mention Judge-Prosecutor Affair
(DBN)

Man Held in Courthouse Graffiti Threat Against Judge
(DBN)

Study says women under-represented in nine state court systems
(DBN)

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Wall Street:

US Stock Futures Drop Amid Cautious Tone
(DBN)

World Stocks Fall as New Greece Worries Weigh
(DBN)

Asia Stocks Rally Falters After Bernanke
(DBN)

Greece Woes Weigh on European Stocks
(DBN)

Wall Street a safer career haven than you'd think
(DBN)

Jon Corzine: People Are Just Jealous of Goldman Sachs
(DBN)

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Layoffs:

For Workers at Closing Plant, Ordeal Included Heart Attacks
(DBN)

Bernanke: Jobs Picture Still Grim
(DBN)

Senate Votes 70-28 for $15B Jobs Bill
(DBN)

Why Republicans Voted For The Jobs Bill Wednesday
(DBN)

Bad Credit Sidelines Jobless Workers
(DBN)

Horrid Job Number Coming
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Bipartisan Negotiators Working on Financial-Regulatory Reform Plan
(DBN)

Dodd: Protecting consumers central to bank-reform bill
(DBN)

Senators, finally, near an attractive deal on financial regulation
(DBN)

S.E.C. Restricts Short-Selling and Addresses a Global Accounting Shift
(DBN)

Sen. Dodd: CRE Problems Require 'Prompt and Robust' Action By Regulators
(DBN)

Fed Open to Reform, Bernanke Tells Congress
(DBN)

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Lehman:

China Club Blames Lehman Job Cuts for Its Bankruptcy
(DBN)

Lehman Brothers settles collateral claims with JPMorgan
(DBN)

Lehman's Ghost Haunts California
(DBN)

Tenon Is Fined $1.1 Million Over Lehman Products
(DBN)

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Resorts:

Trustee Says Blixseth 'Doomed' Yellowstone Club
(DBN)

Blame Game Continues in Yellowstone Club Hearings
(DBN)

Lawyers for Yellowstone Club founder say Credit Suisse, not timber baron, to blame in scheme
(DBN)

LeMond objects, property sale halted at Yellowstone Club
(DBN)

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Recycling:

MRC Files for Bankruptcy Protection
(DBN)

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Architecture:

Recession Pushes Looney Ricks Kiss Into Bankruptcy
(DBN)

______________

Telecoms:

Nortel to skip auction, sell VoIP business to Genband
(DBN)

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Economy:

Bernanke Expects Extended Low Rates
(DBN)

2009: World Trade Had Biggest Drop Since 1945
(DBN)

One big dividend U.S. taxpayers could forgo
(DBN)

Business Investment Falls At Record Rate
(DBN)

Geithner: Growth Before Deficit Reduction
(DBN)

Senator Questions Bank Fees on Stimulus Bonds
(DBN)

Obama Defends His Policies to C.E.O.’s
(DBN)

Bankers Made Reckless Bets on the Economy, Knowing Taxpayers Were Going to Pick up the Tab
(DBN)

Barings warns of fragile US economic recovery
(DBN)

Volcker Bank Plan Faces Headwinds in Senate
(DBN)

White House Recommits to Volcker Rule
(DBN)

It's Official: Now Known as Great Recession
(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:

Chase and Other Servicers Leave Many in Loan Mod Limbo; Treasury Threatens Penalties
(DBN)

New home sales drop 11 percent in January, new low
(DBN)

On New Home Sales It's Builders vs. Government
(DBN)

Analyst: Pressure Will Build on Fed To Extend Mortgage Program
(DBN)

Gross Mortgage Application Volume Declines 8.5%
(DBN)

StuyTown tenants gear up
(DBN)

Distressed CRE Assets Jump 15% at Nation's Banks
(DBN)

Freddie Mac posts loss, but says federal aid not needed for now
(DBN)

Freddie Mac to Resume Treasury Aid as Accounting Rules Change
(DBN)

Geithner: We're Not Ready to Overhaul Fannie, Freddie
(DBN)

Treasury To Delay Fannie And Freddie Reform Until 2011
(DBN)

Ex Treasury Secretary Paulson: Shrink Fannie and Freddie
(DBN)

Jumbo Mortgages Beginning to Thaw
(DBN)

View from the mortgage modification trenches
(DBN)

FHA Servicers May Get Incentives for Successful Modification
(DBN)

Toll Brothers Quarterly Loss Is Narrower Than a Year Ago
(DBN)

Investor moves against NY's Stuyvesant loan servers
(DBN)

70 condo projects in Florida have special Fannie Mae loan designation
(DBN)

Vaughn Realty Files For Bankruptcy
(DBN)

Attorney in Federal Wire Fraud Case Allegedly Didn't ID Buyers at Closings
(DBN)

Facing ARMageddon Borrowers Grapple With Refinancing
(DBN)

Why Buying a Foreclosed House on the Cheap Is Harder Than You Think
(DBN)

Backlog of California Homes Declines in January
(DBN)

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Autos:

In Mysterious Move, FBI Raids Toyota Suppliers
(DBN)

Hummer joins GM's growing scrap heap
(DBN)

Hummer May Go to Private Equity
(DBN)

Steel wheels maker to roll out of bankruptcy
(DBN)

Another Hecker pal accused of hiding assets
(DBN)

Hecker's Girlfriend Ordered To Return Gifts
(DBN)

GM: Ed Whitacre's Odd Moves
(DBN)

Bob Lutz: Retirement Could be Near
(DBN)

Dana posts $431M loss in '09; sales down 35%
(DBN)

GM disputes Romney's claim of government control
(DBN)

Toyota's Mounting Bill
(DBN)

Toyota's Humbling Fall
(DBN)

FBI raids US headquarters of Toyota supplier Denso in antitrust probe
(DBN)

Toyota Sees Anger from Japanese Suppliers
(DBN)

Toyota recall pact with NY sought by other states
(DBN)

Toyota chief blasted by lawmakers despite apology
(DBN)

Cultures collide with Toyoda testimony
(DBN)

______________

Video Rentals:

Blockbuster posts 4Q loss of $435M as woes deepen
(DBN)

Blockbuster – Bankruptcy In The Near Future?
(DBN)

______________

Paper:

Bear Island Paper, Newsprint Maker, Seeks Bankruptcy
(DBN)

______________

Food/Drink:

Albertsons makes $290M bid for Bashas'
(DBN)

Ariz. Grocer Bashas' Rejects Bid From Albertsons
(DBN)

______________

Banking:

The Big Bank Excuse
(WSJ: separate paid subscription required)

The Overdraft Campaign: Banks Try to Scare Customers into Accepting $35 Fees
(DBN)

Troubled banking industry sharply reduced lending in 2009
(DBN)

Obama’s $90 Billion Bank Fee Formula May Be Revised by Panel
(DBN)

______________

Tax:

Swiss to Submit Revised UBS Tax Deal to Parliament
(DBN)

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Distressed Investing:

Eddie Lampert Reads
(DBN)

______________

Compensation:

Bonus Blowback Bypasses Brokers
(WSJ: separate paid subscription required)

Big bonus reprise ramps up backlash talk
(DBN)

SocGen, BNP Resist Higher Fixed Pay for Bankers as Bonuses Fall
(DBN)

______________

Credit Cards:

Credit card reform may push more Americans into payday loan hell
(DBN)

______________

Academia:

The Cost Effectiveness of the Private-Sector Resolution of Failed Bank Assets
(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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Retailing:

Westfield, General Growth sign nondisclosure
(DBN)

Glendale Galleria owner General Growth finds a possible rescuer
(DBN)

General Growth eyes split
(DBN)

General Growth Ignored Bids Since August, Simon Says
(DBN)

Unsecured Creditors Question General Growth Plan
(DBN)

Bucksbaum breaks silence on General Growth woes
(DBN)

General Growth to get $2.625 bln from Brookfield
(DBN)

Macerich: ‘Consolation’ Prize for Losing General Growth Suitors?
(DBN)

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Health Care:

Why Don’t People Sue Their Doctors Over Bad Credit Advice?
(DBN)

UCSF Medical Center: Profile of a turnaround
(DBN)

Florida hospital continues downward spiral, will cut 900 jobs
(DBN)

______________

Debt Collection:

Supreme Court Declines Review of FDCPA Ruling
(DBN)

Credit Card ARM Inventory to Remain Strong as Charge Offs Spike
(DBN)

______________

Sales:

Market for hard-to-sell assets gets a big boost
(DBN)

SecondMarket Goes Illiquid in Asia
(DBN)

______________

Horse Racing:

Bank files new motion in Zayat bankruptcy
(DBN)

______________

AIG:

A.I.G. Was Surprised People Got So Mad About the Government Giving Them $182.3 Billion in Taxpayer Money
(DBN)

AIG Swaps Unit ‘Boys Club’ Punished Women, Ex-Workers Claim
(DBN)

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Gambling:

Trump Entertainment again looks to sell Trump Marina casino
(DBN)

Trump vs. Icahn: The Rumble in Atlantic City
(DBN)

Trump, Icahn trade insults in NJ court
(DBN)

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Fraud:

Prominent Miami Receiver Charged in Multimillion-Dollar Fraud
(DBN)

Florida Money Manager Nadel Pleads Guilty to Fraud
(DBN)

Madoff Investors Sue SIPC Directors in Claims Dispute
(DBN)

SIPC Statement on Lawsuit Filed by BLMIS Investors
(DBN)

Madoff Daughter-in-Law Asks Name Change After Threats
(DBN)

Blixseth Fraud Trial: Court Seeks Assets, Answers
(DBN)

______________

UK:

Pressure of Britain's debt crisis leading some to desperate actions
(DBN)

‘Lepers’ in London Defend Right to Make Money as Election Looms
(DBN)

______________

EU:

Germany quietly gains from euro zone crisis
(DBN)

Daube Says Any EU Bankruptcy , Exit Would End European Union
(DBN)

Eurozone Economic Sentiment Falls in February
(DBN)

Europe's Got More Problems than Just Greece
(DBN)

EU leaves 2010 growth outlook at 0.7%
(DBN)

Euro zone loans to firms falls to 18-month low
(DBN)

IMF: EU to Pay Off Deficit for 20 Years
(DBN)

European Recovery May Fail to Gather Strength in 2010, EU Says
(DBN)

______________

Greece:

Banks Bet Greece Defaults on Debt They Helped Hide
(DBN)

Protesters clash with police in downtown Athens as deficit tensions rise
(DBN)

Germany: No need so far to adjust debt for Greece
(DBN)

Cleaning up Greece's Augean Stable
(DBN)

Germany parries Greek broadside over Nazi occupation
(DBN)

Greece Has Now Made A Bailout Impossible
(DBN)

Greeks walk out over cuts
(DBN)

Moody's joins S&P in warning on Greece
(DBN)

Experts leave Greece as tension mounts over cuts
(DBN)

How Far Will Greek Contagion Spread?
(DBN)

______________

Canada:

Quebec mulls buying stake in AbitibiBowater
(DBN)

The fall of Winnipeg's Canwest
(DBN)

Fraser Papers defeats obstacles in restructuring
(DBN)

______________

Australia:

Proposed bankruptcy law amendments anger
(DBN)

______________

Italy:

Parmalat's Top Holder Seeks Dividend From Lawsuit Settlements
(DBN)

______________

Germany:

German Jobless Rate Up to 8.7 Percent
(DBN)

Greece crisis may force bank corrections -Germany
(DBN)

______________

Spain:

Euro's Next Battleground: Spain
(DBN)

______________

 

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