January 12, 2010

The Daily Bankruptcy News

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Law:

Office Bargains Abound in Bad Economy, Allowing Law Firms to Create Exciting Space
(DBN)

Hot Water Flows to K&L Gates in Le-Nature’s Meltdown
(DBN)

Good News for Willkie Associates
(DBN)

Unknown Salaries and Start Dates Don't Impact Law Firm Job Acceptance Rates
(DBN)

Predictions for 2010
(DBN)

Latham to Open Office in Houston; New Hires Include Ex-Akin Gump Energy Chief
(DBN)

Cohen Seeks Sanctions Against Ex-Wife's Lawyer
(DBN)

Law Firms Are Tough to Sue
(DBN)

Slain Calif. Lawyer Angered Some ‘Very Nasty People’
(DBN)

AIG Picks Old Lehman Hand as New General Counsel
(DBN)

New Milbank Partner Quits After Former Firm Alleges ‘Personal Misconduct’
(DBN)

A Chat With David Boies
(DBN)

Citing Quinn Emanuel's Bills, Thornburgh Trustee Seeks to Slow Payments
(DBN)

Schulte Names New Bankruptcy Special Counsel
(DBN)

Kaye Scholer Promotes Bankruptcy Lawyers
(DBN)

Stevens & Lee Names New Bankruptcy Partner
(DBN)

Duane Morris Names Bankruptcy Partner
(DBN)

Vinson & Elkins expands to West Coast
(DBN)

Will Elena Kagan Lead the Shareholder-Litigation Revival?
(DBN)

Class Sues LA-Based Attorneys
(DBN)

Little Firm Lands Big Federal Contract
(DBN)

Next Target for Plaintiffs Bar: Nursing Homes?
(DBN)

Firm sees net debt triple during 2008-09 financial year
(DBN)

With its business battered by the recession, SJ Berwin is facing a defining challenge
(DBN)

Ex-Associate's Suit Over Origination Fees Proceeds
(DBN)

Estimates for Legal Work and Legal Estimators
(DBN)

Law School Rank and Class Year Take Back Seat to Practical Skills in 2010
(DBN)

The Class of 2008: The ‘Lost Generation’ Revisited
(DBN)

More Law Profs Ban Laptop Use in Class
(DBN)

Professor of the Day: UCLA's Pavel Wonsowicz
(DBN)

Law school draws older crowd
(DBN)

Law Schools Are 2/3 White
(DBN)

Recession is Hurting Lawyer Sports
(DBN)

Law Firm Partner Found to Have Violated Bar Rules With Class Action Benefiting Just 7 People
(DBN)

Big Law Gets Another Small Screen Treatment in 'The Deep End'
(DBN)

Writer trades law for laughs
(DBN)

Say What?!
(DBN)

______________

Judges:

Rakoff Denies SEC Motion Seeking New Charge Against BofA
(DBN)

At the Supreme Court, Life Is One Big Vocabulary Lesson
(DBN)

______________

Courts:

Deputy Breaks His Leg in Scuffle with Texting Court Observer
(DBN)

LA Presiding Judge Warns Law Firms of Economic Hit from Court Budget Cuts
(DBN)

______________

Wall Street:

US Stock Futures Decline
(DBN)

Stocks in US Rise a Sixth Day
(DBN)

Goldman Under Fire (Again): Ponzi Bonuses
(DBN)

Greenberg Blames Goldman for AIG's Demise. But Is That Fair?
(DBN)

Goldman Sachs Still Shines for MBAs Who Ignore 'Hype'
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Some U.S. Jobs Aren't Coming Back
(DBN)

AOL announces plan to lay off more than 1,000 workers
(DBN)

Long Term Unemployed Hits 1948 Rate
(DBN)

The face of food stamps is changing
(DBN)

Financial, Mortgage Hirings Up as Overall Employment Dips
(DBN)

______________

Compensation:

New York AG seeks bonus data on bailed-out banks
(DBN)

Obama Targets Wall Street Bonuses
(DBN)

Is Wall Street Caving On Bonuses?
(DBN)

The Real Bank Pay Scandal
(DBN)

______________

Corporate Reform:

SEC eyes more charges against BofA
(DBN)

SEC won't file civil charges against BofA execs
(DBN)

New SEC Bank of America Claims Must Await Second Suit
(DBN)

Regulator’s Client Pitch Hit Little Guy in Head
(DBN)

______________

Retailing:

Wal-Mart to Close 10 Sam's Clubs Stores in US - 1,500 jobs
(DBN)

Unfinished Summerlin mall a monument to recession
(DBN)

______________

Food/Drink:

Equal maker Merisant emerges from bankruptcy
(DBN)

Penn Traffic's bankruptcy case awaits next court hearing; Tops said to be touring Penn stores
(DBN)

Abacus Advisors Engaged By Penn Traffic Creditors Committee to Advise on Sale
(DBN)

Supermarket Swap
(DBN)

Who Owns What at Tavern on the Green?
(DBN)

______________

Health Care:

Haemacure files for bankruptcy in both Canada, United States courts
(DBN)

______________

Sovereigns:

Bankruptcy could be good for America
(DBN)

Fitch Goes Wobbly About U.S.'s Credit Rating
(DBN)

Consequences of Defaults on Sovereign and Bankrupt Bank Obligations
(DBN)

______________

Lehman:

Lehman seeks to expose 'silly' claims
(DBN)

Ex- Lehman General Counsel Asked to Join AIG
(DBN)

______________

 

 

 

Economy:

Liquidating Firms Claim Billions In US Stimulus
(DBN)

Fed Said to Earn $45 Billion in 2009
(DBN)

What the Financial Crisis Commission Should Ask
(DBN)

The Upcoming Recession Generation
(DBN)

Obama Weighs Fee to Recoup Bank Bailout and Cut Deficit
(DBN)

Populist Anger Fuels Bid to Charge Banks
(WSJ: separate paid subscription required)

Recession Maybe Over In Q4
(DBN)

Federal Reserve Fighting to Keep Its Bailout Secrets
(DBN)

US court skeptical of Fed push for bailout secrecy
(DBN)

When Greed Is Not Good
(DBN)

15 Things That Caused the Financial Crisis
(DBN)

There's No Stimulus Here
(DBN)

There is No Plan B for Obama’s Economy
(DBN)

The Most Stunning Revelation in Too Big Too Fail
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Should Treasury Get Into the Mortgage Modification Business?
(DBN)

More than 13% of Mortgages Delinquent or Foreclosed in November
(DBN)

Bankrupt Seattle developer Michael Mastro settles with state on securities charge
(DBN)

U.S. House Prices to Income: 1989-2009
(DBN)

Run, Don't Walk Away From Your Mortgage
(DBN)

Dimon calls commercial real estate a 'train wreck'
(DBN)

CMBS Delinquencies May Double by 2012
(DBN)

CMBS investors set for lucky escape
(DBN)

Four indicted in foreclosure case
(DBN)

What Wall St. Bonuses Mean For Housing
(DBN)

Subprime Problems Persist, as Alt-A, Option ARM Crisis Brews
(DBN)

Stuy Town Losses Plague Singapore Fund
(DBN)

$47bn of Interest-Only RMBS Loans to Recast This Year
(DBN)

_____________

Video Games:

Electronic Arts cuts forecast, shares fall
(DBN)

______________

Autos:

GM CEO promises profit for taxpayers
(DBN)

Pelosi, LaHood laud US investment in autos
(DBN)

GM needs to stop 'taking punches'
(DBN)

At the Detroit Auto Show: Execs Chase The Hand That Fed Them
(DBN)

Carmakers roasted with bailout jab
(DBN)

Icahn sued over planned Federal Mogul bond offering
(DBN)

Auto show-Chrysler boss shows UAW chief some love
(DBN)

Automakers, suppliers get $56.6M in grants
(DBN)

Visteon retirees expect hearing
(DBN)

Fiat and Chrysler play 'Will It Blend?'
(DBN)

Only the pope, president get a tie from Marchionne -- not Pelosi
(DBN)

Saab Dealers Tell GM to Negotiate or Else…
(DBN)

Sweden Steps In to Broker Saab Deal, Told by GM Sale Possible
(DBN)

______________

Publishing:

Haights Cross files 'prepackaged' bankruptcy
(DBN)

______________

Photography:

Kiddie Kandids files for bankruptcy , closes studios
(DBN)

______________

Fraud:

Groups must repay Scott Rothstein donations
(DBN)

Judge: Hecker and Woods Are Two Peas In A Pod
(DBN)

Madoff Assets Located in Canada, Lawyers Needed, Trustee Says
(DBN)

Help for Madoff victims?
(DBN)

Fitch raises Ford's default risk rating
(DBN)

SoFla Auction of Bernie's Stuff May Be Bogus
(DBN)

TD wins delay in release of Stanford records
(DBN)

Stanford case may toughen Florida's banking laws
(DBN)

Agriprocessors official pleads guilty to document fraud conspiracy
(DBN)

Investment advisors Neil Moody, Chris Moody face fraud charges
(DBN)

Moodys charged with securities fraud in Nadel Ponzi case
(DBN)

Man gets six years in $40 million scam
(DBN)

SEC says LA radio host took part in $20M scam
(DBN)

Arizona concert promoter busted in alleged Ponzi scheme
(DBN)

Calif. Fund Manager Sentenced in Fraud Scheme
(DBN)

Ex-Homestore CEO Set to Plead Guilty in Fraud Case
(DBN)

______________

Private Equity:

Buyout-Backed Bankruptcies In 2009 Well Ahead Of 2008
(DBN)

______________

Insurance:

AIG Stock Is Worthless—Isn't It?
(DBN)

______________

Utilities:

Propane distributor files Chapter 11
(DBN)

______________

Pensions:

PBGC takes over Hartmarx pension plan
(DBN)

_____________

Litigation:

Could New Regs Bring More Lawsuits?
(DBN)

______________

Celebs:

Bankruptcy taken by Celebrity Big Brother contestant Steve Baldwin
(DBN)

______________

Distressed Investing:

Joint Effort in Europe Seeks Assets in Distress
(DBN)

______________

 

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)

______________

Bankruptcy Reform:

Senators in talks about big bank bankruptcy court
(DBN)

______________

Bankruptcy Statistics:

Experts see more bankruptcy trouble in 2010
(DBN)

St. Louis business bankruptcies up 19% in '09
(DBN)

______________

Finance:

Hedge Fund Lender Reaps Returns on Fallen Companies Banks Shun
(DBN)

Advanta to liquidate its assets
(DBN)

Obama administration sets probe of FHA lenders
(DBN)

The End of Free Money
(DBN)

Lending to Private Equity, Hedge Funds in Uptrend
(DBN)

Risks Remain High for Junk Bonds
(DBN)

______________

Horse Racing:

Stronach settles Magna Entertainment case
(DBN)

Deal would allow Stronach to retain Santa Anita, Gulfstream
(DBN)

Magna Entertainment, creditors agree on turnaround
(DBN)

______________

Aviation:

Delta Hiking Fees for Checked Bags
(DBN)

Hatoyama Sets JAL for Bankruptcy in Biggest Break From History
(DBN)

Japan Air Plummets by Limit on Bankruptcy Speculation
(DBN)

American, partners boost JAL support offer
(DBN)

Delta may seek cash-less deal with JAL
(DBN)

JAL secures quota of retiree approval for pension cuts
(DBN)

JAL: Some things don't stay the same, or do they?
(DBN)

JAL may leave Oneworld as bankruptcy looms
(DBN)

Shares in JAL Untraded Amid Bankruptcy Fears
(DBN)

______________

Bonds:

Corporate Bond Returns Rising Fastest Since '98
(DBN)

______________

Municipalities:

Schwarzenegger budget ax would fall heavily on poor
(DBN)

California: Worst Budget Mess Ever
(DBN)

Arizona Running Out of Accounting Gimmicks
(DBN)

______________

Banking:

Bonus bonanza won’t heal the BofA/Merrill divide
(DBN)

Bank Is in Talks to Settle State Claims Over Merrill
(DBN)

Bank Is in Talks to Settle State Claims Over Merrill
(DBN)

Banks Have More Bite When They're Allowed to Bark
(DBN)

WaMu Shareholders Form Official Bankruptcy Group
(DBN)

Q409 Losses on the Way for Banks: Citi
(DBN)

FDIC Churns Out Demand Letters
(DBN)

Failed Banks: Will the FDIC's Next Steps Include Litigation?
(DBN)

______________

UK:

UK fraud losses jump 76% in 12 months
(DBN)

Lenders face “tidal wave” of mortgage fraud
(DBN)

6bn tax created from bank bonus
(DBN)

RBS Chief Stephen Hester Says Bonuses Are 'A Lose-Lose Subject'
(DBN)

UK House Price Gauge Unexpectedly Falls
(DBN)

1M UK Borrowers Using Credit Cards for Mortgages
(DBN)

______________

EU:

Signs of Vigor in Eastern Europe Economies
(DBN)

Small Firms Imperil Europe's Comeback
(DBN)

______________

Canada:

Canwest CEO opposed bankruptcy decision
(DBN)

Bank questions Canwest CEO's authority
(DBN)

Canwest Publishing Unit Gets $898M Bid
(DBN)

Canwest director Frank King resigns to pursue 'other commitments'
(DBN)

Haemacure to make proposal to creditors
(DBN)

______________

Italy:

Burani holding company bankruptcy sought
(DBN)

______________

Germany:

Landesbank Losses May Bring Change to German Banking
(DBN)

______________

Venezuela:

Venezuela military shutters store amid devaluation panic
(DBN)

Will Seize Businesses That Raise Prices
(DBN)

S&P revises Venezuela's outlook to stable from negative
(DBN)

______________

Middle East:

Dubai Bankruptcy
(DBN)

______________

Greece:

IMF mission heads to debt-stricken Greece
(DBN)

______________

China:

As China Rises, Fears Grow on Whether Boom Can Endure
(DBN)

China's Central Bank Tightens Liquidity Further
(DBN)

______________

Iceland:

Angry Icelanders Back President
(DBN)

______________

 

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