January 11, 2010

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Morrison & Foerster
(DBN)

Last Week in Layoffs
(DBN)

$500 Million Malpractice Claim Dismissed Against Chadbourne & Parke
(DBN)

2nd Circuit Reverses Sanctions Against Cravath Attorneys in Alien Tort Case
(DBN)

The Bankruptcy Files: Once Upon A Mattress
(DBN)

Houston law firms plan rate bumps
(DBN)

Will Others Be Charged in Alleged $1.2B Scheme By Founder of Fla. Law Firm?
(DBN)

For its GC, AIG Going With (Yet Unidentified)New York Lawyer
(DBN)

Recession Spurs Interest in Graduate, Law Schools
(DBN)

NY Associates: Your BigLaw Firm Is Paying Your Out-of-Town Comrades Less Coin
(DBN)

Oh-Oh-Oh: Legal Sector Lost 2100 Jobs in December
(DBN)

A&O keeps on 87% as retention rates begin to recover
(DBN)

Attorney Ranked 80th on Best Jobs List
(DBN)

AIG's Deputy General Counsel Wrote to Her Bosses: The Government Is Tearing Me Apart!
(DBN)

Buoyed by skittish economy, fledgling boutique law firms thrive
(DBN)

No. More. Law Schools!
(DBN)

Game Off: Downturn Hitting Lawyers Where They Work and Play
(DBN)

Why teachers will never make as much money as lawyers
(DBN)

Law firms must demonstrate value to clients
(DBN)

Just 19% of partners at larger law firms are women
(DBN)

Extracurricular Pursuits for Attorneys: St. Louis Rams Cheerleader
(DBN)

Job of the Week: Bankruptcy Baller
(DBN)

S.F. real estate law firm Cassidy Shimko folds
(DBN)

At a Law Firm and Gay? One Man’s Advice on Coming Out
(DBN)

Bookkeeper Gets 10-Year Sentence for Stealing Law Firm Funds
(DBN)

Should the ABA Regulate Law Schools More Forcefully?
(DBN)

Big Law Gets Small Screen Treatment--Again
(DBN)

Reason #897,999 not to go to law school
(DBN)

Homeless Man Seeks $2.4 Million From Lawyer Over Nuisance Suit
(DBN)

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Judges:

Prudent Lessons From Judge Prudence Carter Beatty
(DBN)

Sonia Sotomayor's high-profile debut
(DBN)

Fingernails a ‘Sports-Car Red,’ Sotomayor Also Stands Out for ‘Exuberant’ Questioning
(DBN)

Justice Sonia Sotomayor Has Star Power
(DBN)

High Court Returns to a Busy Schedule
(DBN)

Obama 10th Justice Kagan Subverts Supreme Court Business Tilt
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

Shares Post Small Gains Despite Weak Jobs Report
(DBN)

DC at-tax Wall St.
(DBN)

Are They Really Sorry?
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Obama Tries to Turn Focus to Jobs, if Other Events Allow
(DBN)

U.S. Job Losses in December Dim Hopes for Quick Upswing
(DBN)

Published Unemployment v. Real Unemployment
(DBN)

Lost Decade: Reason to Expect Better?
(DBN)

U.P.S. Plans to Cut 1,800 Jobs
(DBN)

UPS: The Poster Child for a Jobless Recovery
(DBN)

With Jobs Few, Most Workers Aren't Satisfied
(DBN)

New Job Often Means a Cut in Pay
(DBN)

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Trustees:

9th Circuit Explains "Derived Quasi-Judicial Immunity" Protecting Trustees
(DBN)

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Telecoms:

Former Nortel director says board always knew saving the company was a long shot
(DBN)

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Municipalities:

Winter Breaks Budgets and Rules the Road
(DBN)

California No Longer Golden
(DBN)

Los Angeles Hires an Economy Chief
(DBN)

Stockton Ca: Most Miserable City in USA
(DBN)

20 Most Stressed, 20 Least Stressed Counties
(DBN)

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Banking:

Banks Prepare for Big Bonuses, and Public Wrath
(DBN)

Ordinary Americans Can't Hurt Banks
(DBN)

Lib Dems Want Big Banks Broken Up
(DBN)

Horizon Bank is the first to fail in 2010
(DBN)

FDIC seeks to tie deposit insurance fees to bank pay
(DBN)

FDIC sells toxic assets in public-private fund
(DBN)

Out From Under Government Control, BofA Boosts Bonuses
(DBN)

Bank CEOs to answer for financial crisis
(DBN)

No Free Lunch: Another Financial Institution Grapples With Enforced Frugality
(DBN)

FDIC nibbles nicely at bank risk
(DBN)

China banks eclipse American rivals
(DBN)

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Boating:

Calif. company buys Ranger, other Genmar equities
(DBN)

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Trucking:

Arrow Trucking files for bankruptcy
(DBN)

Suit alleges fraud by Arrow
(DBN)

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Theme Parks:

Cedar Fair's swift tumble, pending sale irk investors
(DBN)

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Accounting:

Accounting Loses 2,600 Jobs in December
(DBN)

Rumor of the Day: Fired Koss VP Had Garage Sales at Her Desk
(DBN)

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Gambling:

SunCruz offers apologies
(DBN)

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Economy:

Dollar Falls to 3-Week Low on Growing Signs of Global Recovery
(DBN)

Jobs gloom hits west’s recovery hopes
(DBN)

Shrinking U.S. Labor Force Keeps Rate From Climbing Above 10%
(DBN)

Federal Reserve Seeks to Block Release of U.S. Bailout Secrets
(DBN)

Geithner Asked to Testify on AIG E-Mails by Towns
(DBN)

Geithner ankle deep in AIG quicksand
(DBN)

How thick is Tim Geithner's skin?
(DBN)

Tim Geithner’s Very Bad Week
(DBN)

What's Haunting Timothy Geithner?
(DBN)

NY Fed: Geithner Wasn't Involved In AIG Disclosures Issues
(DBN)

Greenberg: Goldman Caused AIG Collapse
(DBN)

NY Fed Lawyer Says AIG 'Didn't Warrant' Geithner's Attention
(DBN)

US 2-Year Notes Rise Most in Five Months as Jobs Decline
(DBN)

How Deficit Hawks Could Derail The Recovery
(DBN)

Sun Belt Struggles to Begin Recovery
(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:

In Foreclosureville, USA, so much change
(DBN)

Fed: Mortgage Rate Rise in Spring
(DBN)

The Difficulty of Modifying Second Mortgages
(DBN)

Redefault Rates 'Tragic', Says Amherst
(DBN)

Walk Away From Your Mortgage!
(DBN)

BigLaw Firm Drops Key Figure in Subprime Debacle as Client
(DBN)

Fed's Rosengren sees mortgage rate rise in spring
(DBN)

Grubb & Ellis Predicts Commercial Real Estate Will Decline More Slowly in 2010
(DBN)

Commercial Real Estate Collapses Suggests CW about Residential Bubble May Be Wrong
(DBN)

Just How Much Steam Do REITs Have Left?
(DBN)

Adfitech cleared to put bankruptcy plan to vote
(DBN)

Investors allege Catlin lied about financial situation
(DBN)

Stuy Town in Limbo, Heading Toward Default
(DBN)

BlackRock, Tishman to Miss Stuy Town Debt Payment
(DBN)

StuyTown default worries 5,000 tenants
(DBN)

Milwaukee: Firms unlikely to see much money
(DBN)

Investors allege Catlin lied about financial situation: Allegations involve Zinfandel Place in Rancho Cordova and a Denver project
(DBN)

Commercial Real Estate: Slow Motion Wreck
(DBN)

Hope of Reprieve for Bond Investors
(DBN)

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Food/Drink:

Newly Frugal Generation Revives Discount Dining
(DBN)

Tops Markets to pay $85M for Penn Traffic's supermarkets
(DBN)

Price Chopper, Tops Markets face off in bankruptcy court
(DBN)

Must-Haves from the Tavern on the Green Auction
(DBN)

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Newspapers:

CanWest Newspaper Unit Files for Bankruptcy
(DBN)

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Aviation:

Japan Airlines Set for Bankruptcy as Hatoyama Abandons Bailouts
(DBN)

Airline Rejects Delta Offer; 15,600 Jobs Cut
(DBN)

U.S. Fliers Unlikely to Shun Japan Airlines in Bankruptcy
(DBN)

Japan Airline's Largest Banks Said to Agree to Bankruptcy Plan
(DBN)

'Flexibility' critical to JAL bailout
(DBN)

JAL will not forge capital tie-up with US carrier
(DBN)

Japan Air Said to Consider Dissolving Pension Fund for Retirees
(DBN)

JAL reportedly struggling to get pension cuts
(DBN)

Japan fund leaning towards JAL delisting: source
(DBN)

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Fraud:

McKinsey’s Bad Day
(DBN)

Arrests Made in Real Estate Ponzi Scheme
(DBN)

Slipping into Senility
(DBN)

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Corporate Reform:

Hearings to Begin on Causes of Financial Crisis
(DBN)

The Financial System: Most Dangerous Than an Al Qaeda Attack?
(DBN)

‘Prosecutorial Misconduct’ Cries Spreading Like Wildfire in SoCal
(DBN)

Former KB Home CEO's Lawyers Hunt for Misconduct in Backdating Case
(DBN)

Group seeks proof of post-Madoff reforms at SEC
(DBN)

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Pensions:

PBGC takes over plans of two Value City units
(DBN)

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Turnarounds:

Denial About Financials Leads to Failure
(DBN)

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Autos:

Dinged-up Chrysler sputtering like a beater
(DBN)

Detroit's Life After Death Is No Paradise
(WSJ: separate paid subscription required)

Detroit 3 look to hit reboot key
(DBN)

Cities Struggle to Find New Uses for Auto Plants
(DBN)

Chrysler is moving ahead with arbitration for 789 closed dealers
(DBN)

Can China Save General Motors?
(DBN)

China Ends U.S.'s Reign as Largest Auto Market
(DBN)

GM hires AlixPartners to wind down Saab
(DBN)

Spyker down;chances on Saab deal shrink
(DBN)

Peugeot Citroen Sees More Pain in 2010
(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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Committees:

Court won't force Six Flags investors to reveal debt trades
(DBN)

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Jurisdiction:

3d Circuit Further Explains the Limited Scope of a Bankruptcy Court's Subject Matter Jurisdiction
(DBN)

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Bankruptcy Statistics:

Business bankruptcies expected at same pace in 2010
(DBN)

Bankruptcies took ’09 to pre-reform level
(DBN)

116 Notable Corporate Bankruptcies of 2009
(DBN)

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Litigation:

A novel lawsuit against Credit Suisse
(DBN)

How Ronald Perelman met his match
(DBN)

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Compensation:

For Top Bonuses on Wall Street, 7 Figures or 8?
(DBN)

Spending Bonus Cash Becomes Risky as Clawbacks Spread
(DBN)

Whatever You Heard About Bank of America's Huge-Ass Bonuses Is Wrong
(DBN)

Bonuses are Back
(DBN)

Goldman Sachs Weighs Requirement for Charity
(DBN)

Banks Brace For Bonus Fury
(WSJ: separate paid subscription required)

Ex-Merrill CEO Thain Says Bonuses Will Be ‘Primarily Stock’
(DBN)

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Credit Cards:

The Damage of Card Rewards
(DBN)

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Hotels:

Sunstone Giving 11 Hotels Back to Lender
(DBN)

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Celebs:

Former NFL star Kosar to have assets sold to pay off debts in bankruptcy case
(DBN)

Who Wants to Buy Nic Cage's Haunted House?
(DBN)

Suge Knight Earns $1200 A Month Now?! Being Sued Again For Child Support?!
(DBN)

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Insurance:

Can AIG Be Saved?
(DBN)

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Finance:

Six Flags, Smurfit Exit Financing Spur Leveraged-Loan Market
(DBN)

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Consumer Credit:

Consumer Credit Outstanding Continues To Decline
(DBN)

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Defaults:

It's Official: 2009 Sets New Default Record At 265
(DBN)

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Lehman:

Was Lehman Sacrificed So That AIG Had To Be Bailed Out?
(DBN)

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Pharma:

Accentia makes post- bankruptcy plans
(DBN)

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Horse Racing:

NYRA giving up secrets
(DBN)

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UK:

Gala Coral Seeks Waivers In Debt Restructuring
(DBN)

U.S. Bankers Are Fed Up With British Regulations
(DBN)

Turner Plan on ‘Socially Useless’ Trades Make Bankers See Red
(DBN)

U.K. Financial Company Pessimism Increases, CBI Says
(DBN)

Debt will force 100 Scots a day into bankruptcy in 2010
(DBN)

PwC administrators use debt collectors to chase BIA cash
(DBN)

Will UK Bonus Tax Drive Banks Out of the ‘City’?
(DBN)

Court upholds Scotland's pleural plaques damages law
(DBN)

Virgin Said to Talk to Blackstone on Northern Rock
(DBN)

Big Lenders Take Stake in London Brokerages
(DBN)

Kerry Katona: I can’t afford more cosmetic surgery
(DBN)

"High probability" UK will be downgraded
(DBN)

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Canada:

Credit card woes
(DBN)

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Iceland:

Iceland Poll Shows Most Plan to Vote Against Icesave Deal
(DBN)

Banking Bullies
(DBN)

Icesave Vote By March 6
(DBN)

Iceland says reassured on EU bid despite Icesave
(DBN)

Iceland’s President Lambastes Fitch for Junk Grade
(DBN)

Iceland would benefit from paying up
(DBN)

The Icesave deal is unfair and unreasonable
(DBN)

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Venezuela:

Chavez orders currency devaluation by by 50% in Venezuela
(DBN)

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China:

China Tightens Home-Loan Guidance, Reaffirms Downpayment Ratio
(DBN)

China becomes biggest exporter, edging out Germany
(DBN)

Corrupt China officials pocket 50 billion
(DBN)

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Middle East:

Dubai’s First Foreclosure May Open Floodgates in Worst Market
(DBN)

Global body of insolvency professionals to hold maiden Annual Regional Conference for MENA in Dubai
(DBN)

Arabtec’s Aabar Deal May Signal Looming Losses
(DBN)

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