January 13, 2010

The Daily Bankruptcy News

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Law:

McDermott Will & Emery: Another Firm Kills Lockstep, Cuts Pay
(DBN)

Layoff Watch: Schulte’s November Layoffs Become Official
(DBN)

Kaye Scholer: Back to More Simple Methods for Cutting Salaries, Plus a Big Time Bonus
(DBN)

Revenue down at Paul Weiss as PEP nudges up
(DBN)

Pillsbury posts drops in revenue and profit for 2009
(DBN)

Judge to Issue Restraints Against Gripe Site Mocking Law Firm
(DBN)

Mortgage Lender Hits Latham and Manatt With Malpractice Suit
(DBN)

Slew of Client, Fee Details Found in Proposals From Fla. Pension Fund Beauty Contest
(DBN)

Unrepentant Ex-Lawyer Bill Lerach’s Planned Trip to Europe Irks DOJ
(DBN)

Scott Rothstein and His Amex Card: He Never Left Home Without It
(DBN)

Stroock Names New Restructuring Partner
(DBN)

Blank Rome Expands Los Angeles, California Office
(DBN)

Ex-Associate Tries Again, Wins Ruling He Can Seek $12M in Fees From Former Firm
(DBN)

In the noise about Pfizer's massive fixed-fee arrangement, a whispered question
(DBN)

BigLaw, BigLaw, It's a Hell of a Job, Laterals Up and Stealth Layoffs Down
(DBN)

Great Responsibility Comes With Great Pay, GC Survey Shows
(DBN)

So Much For the Innovative Steven Cohen RICO Suit
(DBN)

More Twists, Turns, and Craziness from Patricia Cohen’s SAC Inspired Lawsuit
(DBN)

You Don't Need X-Ray Vision to Get a Peek at These Paychecks
(DBN)

Jersey Shore @ NYU Law?
(DBN)

Grandma sent to jail -- and forgotten
(DBN)

Harvard Law Prof’s ‘Lightning Bolts’ are Losing Power Over Financial Firms, Analyst Says
(DBN)

10 Lawyers You Don't Want Representing Your Spouse In A Divorce
(DBN)

Tell Me You Didn't Put A Clear Plastic Bag Over Your Head And Rob That Joint
(DBN)

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Judges:

Kozinski Letter Defends Court Cameras, Notes the Current Century
(DBN)

Judge Kozinski Unrelenting On ‘Cameras in the Court’ Issue
(DBN)

Solicitor General Gives Justice Scalia a Promotion, Briefly
(DBN)

Lawyer Accuses Federal Judge of Catholic Bias and Misconduct; Judge Hits Lawyer With Sanctions
(DBN)

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Wall Street:

Stock futures point to higher Wall Street open
(DBN)

China, HK shares slide after PBOC tightens; banks hit
(DBN)

Wall Street Lower on Earnings and Bank Jitters
(DBN)

Goldman Acknowledges Conflicts With Clients
(DBN)

1987 Redux?
(DBN)

How Wall Street Dates
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Chart: People Unemployed for 26 Weeks
(DBN)

Chicago: Factory Job Losses Worst in 98 Years
(DBN)

Some U.S. Jobs Won't Return
(DBN)

U.S. Job Hiring Picks up in November
(DBN)

U.S. job seekers outnumber jobs by more than 6 to 1
(DBN)

One in 5 working age men out of a job
(DBN)

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Banking:

FDIC's Bair says not consulted on bank tax idea
(DBN)

F.D.I.C. Seeks Comment on Bank Fee Plan
(DBN)

Obama Plans to Raise $120 Billion From Banking Fees
(DBN)

Success of Obama bank fee idea tied to public anger
(DBN)

Bank Fee Flap: Is the Government Running Up the Score?
(DBN)

Wall Street unhappy about 'revenge tax'
(DBN)

FDIC to bonus-loving banks: Pay up!
(DBN)

How to Punish A Bank
(DBN)

Report: BofA to oust chief risk officer
(DBN)

SEC Files Suit Claiming Bank of America Hid Merrill Losses Before Takeover
(DBN)

New SEC Suit Alleges BofA Hid 'Extraordinary Losses' at Merrill
(DBN)

We Waited for This From the S.E.C.?
(DBN)

BofA's Secret: Real-Estate Banking
(DBN)

Washington Mutual Inc. wants to disband new shareholders committee
(DBN)

'For Bankers, Saying 'Sorry' Has Its Perils
(DBN)

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Aviation:

Now or never on A400M rescue, says Airbus
(DBN)

Airbus Says A400M 'Mission Impossible' Risks Company's Future
(DBN)

Investors Sell as JAL Tries to Decide Its Next Step
(DBN)

Japan Airlines Slumps by Daily Limit for Second Day
(DBN)

Japan Airlines heads towards bankruptcy
(DBN)

JAL to slash 15,000 jobs, sell subsidiaries under restructuring plan
(DBN)

Japan Airlines Gets New CEO as Bankruptcy Looms
(DBN)

American sweetens JAL proposal to $1.4 billion
(DBN)

JAL Needs Government Backing to Survive: Analyst
(DBN)

Qantas May Retain Codeshare With Japan Airlines, Macquarie Says
(DBN)

Vietnam Airlines 2009 profit falls 42 percent
(DBN)

Rocky ride for Asian airlines
(DBN)

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Oil/Gas:

Newfield, Anadarko to acquire TXCO assets
(DBN)

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Food/Drink:

Tops makes top bid for P&C stores
(DBN)

The sale of bankrupt Penn Traffic to Tops Markets on a fast track
(DBN)

One Agriprocessors supervisor to remain in jail, another likely heading there
(DBN)

Tavern on the Green Auction Begins Today
(DBN)

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Ethanol:

Restructuring emphasized at ethanol meeting
(DBN)

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Compensation:

Dem Congressman introduced 50% tax on bonuses
(DBN)

Even RBS CEO's Parents Think He Gets Paid Too Much
(DBN)

Wall St. Pay Is a Focus of Many in Washington
(DBN)

Goldman Tries to Put a Halo on Bonuses
(DBN)

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Economy:

New York Fed Faces House Subpoena Over AIG Bailout
(DBN)

Senator urges SEC probe NY Fed over AIG emails
(DBN)

Businesses Criticize Inquiry Panel Cast
(DBN)

U.S. Chamber warns of 'double-dip' recession because of Dem policies
(DBN)

Fed Sees $46.1 Billion Profit in 2009
(DBN)

AIG, autos offset Treasury bank bailout profits
(DBN)

US lawmakers force issue on Fed role in AIG bailout
(DBN)

Dollar Gains After Plosser Says Fed Must Raise Interest Rates
(DBN)

The Real Reason The SEC Is Holding Back AIG Bailout Documents
(DBN)

Bernanke Challenged on Rates' Role in Bust
(DBN)

Funny, Doesn't Feel Like a Recovery
(DBN)

Hip hip hooray! Oh, wait.
(DBN)

U.S. small business owners exited 2009 with less optimism
(DBN)

America slides deeper into depression as Wall Street revels
(DBN)

U.S. Trade Deficit Widens By More Than Expected In November
(DBN)

Credit Suisse: China Consumers to Overtake US in 2020
(DBN)

GM: China Will Drive Future Car Demand
(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:

KB Home Falls After Builder Reports 27% Revenue Drop
(DBN)

New Mortgages Expected to Drop in 2010
(DBN)

Sellers Cut Listing Prices on 21% of Homes
(DBN)

Judge orders closure of Statler Towers
(DBN)

Preservationists Appeal to Keep Statler Alive
(DBN)

Developers express interest in Statler
(DBN)

Corbin Park Developer Files Chapter 11
(DBN)

2200 OC home sellers 'underwater'
(DBN)

Jumbo RMBS Defaults Triple: California, Florida, And New York Lead the Way
(DBN)

Manhattan leasing activity dropped 15% in 2009
(DBN)

Miami-Dade launches online foreclosure auctions
(DBN)

Mayflower Looks to Restructure Debt
(DBN)

End of THP's bankruptcy is 'very, very close'
(DBN)

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DIP Finance:

More companies go public soon after bankruptcy
(DBN)

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Committees:

Revisions to Bankruptcy Rule 2019 will discourage active involvement in US bankruptcy cases
(DBN)

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Directories:

Yellow pages publisher RH Donnelley exits bankruptcy
(DBN)

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Gambling:

Judge turns aside new bidder for Greektown Casino
(DBN)

Fertittas seek to block creditors' lawsuit in Station bankruptcy case
(DBN)

Station Casinos Creditors Oppose Deal To Pay Lenders' Fees
(WSJ: separate paid subscription required)

Casino Cruise ships collapse
(DBN)

Revenue off 13.2% at Atlantic City casinos in 2009
(DBN)

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Fraud:

Judge Allows Insurer to Cancel Rothstein's Policy
(DBN)

Galleon's Rajaratnam Denied Cut in $100 Million Bail
(DBN)

Prosecutor: Inside Trades Maybe Topped $50 Million
(DBN)

Secret Witness Emerges in Galleon Case
(DBN)

'Tipper X' Hangs Over Galleon
(WSJ: separate paid subscription required)

Bank Accuses Arrow Trucking of Fraud
(DBN)

Madoff trustee seeking fraudster assets in Canada
(DBN)

Peter Pocklington's California bankruptcy fraud case postponed until March
(DBN)

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Hollywood:

Low bids for MGM cloud fate of studio
(DBN)

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Finance:

CIT in talks to hire Thain as CEO
(DBN)

Government Officials Probe 15 FHA Lenders
(DBN)

A tough year for U.S. venture capital fundraising
(DBN)

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Religion:

Delaware Catholic Diocese Must Face Bankruptcy Trial
(DBN)

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Retailing:

Ski Market will honor 50 percent of gift cards
(DBN)

The Real Retail Sales Chart
(DBN)

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Vendor Management:

Staffing Firms Among 750 Sued in Ensemble Chimes Global Bankruptcy Case
(DBN)

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Consumer Debt:

The Misleading Decline in Consumer Debt
(DBN)

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Accounting:

The SEC Whacks Ernst & Young Over Bally Total Fitness - Now for the Spoils of Victory
(DBN)

Half of accountants want to leave profession
(DBN)

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Municipalities:

Washington Fires Back at Schwarzenegger
(DBN)

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Distressed Investing:

Siguler Guff Adds Owayda to Management Team
(DBN)

CRG Capital, World Bank Launch European Distressed Fund
(DBN)

Hennessee Distressed Index Shows Big Gain in 2009
(DBN)

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Financial Literacy:

America's Financial Illiteracy
(DBN)

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Telecoms:

Nortel, a year later: How the liquidation was done
(DBN)

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Bonds:

Junk debt rally ignores 2010’s biggest risk
(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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Bankruptcy Reform:

Senators eye 'too big to fail' bankruptcy fix
(DBN)

A Special Bankruptcy Court
(DBN)

Big-Bank Bankruptcy
(DBN)

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History:

A Midget, Banker Hearings and Populism Circa 1933
(DBN)

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Corporate Reform:

Judge Denies New Trial for Ex-Qwest CEO Nacchio
(DBN)

Barons of Wall Street to face US crisis panel
(DBN)

Reign in Wall St.? Don't Hold Your Breath
(DBN)

Leap First, Look Later
(DBN)

US Senate panel moves to muzzle consumer watchdog
(DBN)

Financial Reform Circus Opens
(DBN)

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Autos:

Detroit Skids From Dream Machines to Bailouts in Vivid History
(DBN)

How Ford weathered the recession
(DBN)

Marchionne Says Fixing Fiat Was Bigger Challenge Than Chrysler
(DBN)

GM Says Western Europe Industry Sales May Tumble 14% This Year
(DBN)

Marchionne: Chrysler needs an 18% sales jump to profit
(DBN)

Marchionne Upends Chrysler's Ways
(WSJ: separate paid subscription required)

Detroit Auto Show: At Chrysler, Placeholders Until the New Products Arrive
(DBN)

Auto show-Rattner: Both GM and Chrysler will survive
(DBN)

Fiat chief raises hopes for Chrysler IPO in 2011
(DBN)

Visteon Selling Crash-Avoidance Technology
(DBN)

Struggles by rivals a boon for Ford
(DBN)

A Former Auto Town's Economic Turnaround
(DBN)

Further factory shutdowns coming, Chrysler CEO says
(DBN)

GM plant too tainted to save
(DBN)

Hecker's ex-wife sues to keep bucks and baubles
(DBN)

Overcapacity woes stalk auto makers
(DBN)

Top Auto-Parts Picks
(DBN)

GM Studies Saab Bids as Liquidators Take Over, Board Disbands
(DBN)

GM Names Wind Down Team for Saab
(DBN)

GM Studies Saab Bids as Genii Prepares New Offer
(DBN)

Inside the GM Opel Deal Collapse
(DBN)

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Trucking:

Arrow trucks, trailers focus of intense hunt
(DBN)

Feds sue bankrupt Aurora trucking firm
(DBN)

Judge's ruling may shut truck body manufacturer
(DBN)

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Credit Cards:

Fed issues rule to protect credit card users
(DBN)

On top of credit score, retail credit lines now ask for income, asset data
(DBN)

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Pensions:

PBGC Protects Champion Parts Inc. Pension Plans
(DBN)

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Celebs:

How Lindsay Lohan Spent And Partied Her Way To The Poorhouse
(DBN)

Gordon Ramsay's accounts show £4.3m loss
(DBN)

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Elevator Music:

US judge approves Muzak bankruptcy exit plan
(DBN)

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Magazines:

Reader's Digest Bankruptcy Judge Approves Unit's Sale
(DBN)

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Horse Racing:

Magna reaches bankruptcy deal
(DBN)

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Health Care:

Sides at odds on severance pay for former Forum Health CEO
(DBN)

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Sovereigns:

Sovereign Debt Next Risk for Global Economies?
(DBN)

Where is America’s Debt?
(DBN)

Gideon Rachman says Bankruptcy's the Cure!
(DBN)

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UK:

UK Bankers Surrender on Bonus Levy as Income Tax Rise Looms
(DBN)

Landlords face backlash from tenants who have used 'plastic' to pay rent
(DBN)

UK universities warn that they face 'meltdown'
(DBN)

Korea's Debt Rating Now Better Than UK's
(DBN)

BDO announces Latitude pre-pack
(DBN)

Begbies Traynor announces new partner appointment
(DBN)

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EU:

European Central Bank's Tough Balancing Act
(DBN)

Year of Reckoning for Europe's Lenders?
(DBN)

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Canada:

Pensions at risk in CanWest mess
(DBN)

Rehab clinic shuts, dumps addicts at airport
(DBN)

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China:

China moves to rein in lending amid overheating fears
(DBN)

China's Central Bank Raises Reserve Ratio
(DBN)

Can China's Boom Last?
(DBN)

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France:

France Confident It Can Tax and Retain Bankers
(DBN)

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Germany:

German Economy Shrank 5% in 2009, More Than Forecast
(DBN)

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Japan:

Japan Bankruptcies Fell in 2009 for First Time in Four Years
(DBN)

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