January 19, 2010

The Daily Bankruptcy News

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Law:

Let the Sun Shine! Firms Cautiously Optimistic Heading Into 2010
(DBN)

Wall Street May Seek to Sway Congress by Hiring Top Lawyer
(DBN)

All Your Sacrifices Helped in 2009
(DBN)

The Bloom Is Off the Biglaw Rose
(DBN)

Who Should (And Shouldn't) Go to Law School
(DBN)

Layoff Watch: Seyfarth Shaw Cuts 40 People
(DBN)

No Longer Their Golden Ticket
(DBN)

Mayer Brown Tells Clients to Brace for Costly Capital Reform
(DBN)

Abrupt Closure of Mann Bracken's Offices Causes Chaos
(DBN)

Eversheds - £20m loan and partner cash contributions
(DBN)

Bankruptcy Case Leads Lawyer To Charity Work
(DBN)

Bankruptcy Judge Rules Refinancing Lender's Carelessness Won't Cost It Priority
(DBN)

Bankruptcy lawyers forecast busy year
(DBN)

Last Week in Layoffs
(DBN)

Four out of five partners are now expecting growth at their firm in 2010
(DBN)

Moving away from associate lockstep?
(DBN)

Plaintiffs Sanctioned for Failure to Produce Electronic Files in Hedge Fund Suit
(DBN)

Plaintiff's Securities Counsel: "Pay-to-Play" Practices?
(DBN)

Recruiter's Suit Over Partner Hire Fee Proceeds Against Paul Hastings
(DBN)

K&L Gates Hits $1B; Chairman Kalis Beats His Chest
(DBN)

Former Sidley, Skadden Lawyer Has Suspension Cut in Half
(DBN)

BigLaw's Problem: Downturn Wasn't 'Down' Enough
(DBN)

The "Swine" Group Pigs Deflate the Rate!
(DBN)

Outsourcing: It’s Cheap and Easy to Do.
(DBN)

Eversheds defends latest outsourcing
(DBN)

Fee Dispute Highlights Conflicts Over How BigLaw Manages, Staffs Litigation
(DBN)

Did Joe Collins Get Hit With a Lawyer Tax?
(DBN)

DLA ‘Working Lawyer’ Explains Why He and 8 Others Moved to Jackson Lewis
(DBN)

Planned All-Male Bar Panel on Women Lawyers’ Skills Draws Female Fire
(DBN)

Debt Collection Law Firm Abruptly Closes; Thousands of Cases Dismissed
(DBN)

More Law Firms Help Out Haiti
(DBN)

BigLaw Stepping Up on Haiti Aid
(DBN)

A Haitian Orphanage Falls: A Chat With Kirkland's Chris Greeno
(DBN)

Transcript-Doctoring Former Chicago Student Cleared to Practice
(DBN)

Former Sidley, Skadden Lawyer Has Suspension Cut in Half
(DBN)

Ethics Complaints Dismissed in 'Total Attorneys' Case
(DBN)

Temple Third-Year Law Student Suspected in Shooting
(DBN)

Inside India's Legal Outsourcing Machine
(DBN)

Lawyer Arranged His Own Death
(DBN)

BigLaw Archetypes Thrown Into 'The Deep End'
(DBN)

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Judges:

A Bench More Attuned to Precedent Than Prescience
(DBN)

What Do Judges Want?
(DBN)

Something's Fishy at the High Court
(DBN)

Judge Minces No Words
(DBN)

The Ninth Circuit takes away another case from the docket of U.S. District Judge Manuel L. Real:
(DBN)

Justice Scalia's Musical Interlude
(DBN)

Gender & U.S. Supreme Court Oral Argument
(DBN)

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Wall Street:

Shares Fall Ahead of Key U.S. Earnings Reports
(DBN)

US Stock Futures Are Little Changed Before Citigroup Earnings
(DBN)

World stocks fall amid JAL bankruptcy, US earnings
(DBN)

JPMorgan Chase Earns $11.7 Billion
(DBN)

JPMorgan loan losses overshadow higher Q4 profit
(DBN)

Dow Plunges 100 Points on JPMorgan's News
(DBN)

Wall Street's Bold Move to Save Their Bonuses
(DBN)

Goldman Sachs delays bonus announcement
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Smurfit-Stone to cut 600 workers in 2010
(DBN)

JAL set to cut a third of its workforce
(DBN)

George Will on Unemployment
(DBN)

Job Outlook: Not So Gloomy
(DBN)

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Food/Drink:

Uncertain Future For Penn Traffic Stores
(DBN)

Online wine seller Vinfolio takes unusual 'insolvency' route
(DBN)

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Aviation:

Japan Air Seeks Bankruptcy in $10 Billion Turnaround
(DBN)

Billions in Debt, Japan Airlines Files for Bankruptcy
(DBN)

JAL crew, passengers fret
(DBN)

About $441 mln JAL fuel hedges may be exposed
(DBN)

JAL Bankruptcy : Will The US Help Its Carriers, If Necessary?
(DBN)

JAL on the brink
(DBN)

Loss of ‘Government Umbrella’ May Revive Zombie JAL
(DBN)

JAL agrees tie-up deal with Delta
(DBN)

American Airlines: No reason to believe JAL, Delta deal is close
(DBN)

For AMR, lost JAL link could force open other doors
(DBN)

As JAL Bankruptcy Nears, Investors Rethink 'Too Big to Fail'
(WSJ: separate paid subscription required)

Buddhist priest to head Japan Airlines - and without salary
(DBN)

JAL woes set to reshape alliances
(DBN)

JAL creditors 'to be obliged to waive 358.5 bil. yen in loans'
(DBN)

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Compensation:

AIG pay flap - again
(DBN)

A.I.G. Said to Look at Other Ways to Repay Bonuses
(DBN)

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Economy:

Mixed economic signals hint at slow expansion
(DBN)

January Consumer Sentiment Little Changed
(DBN)

Obama confident proposed bank fee will become law
(DBN)

US investment banks divided over levy
(DBN)

Paulson Asked to Testify at AIG Bailout Hearing With Geithner
(DBN)

Did Foreigners Cause US Financial Crisis?
(DBN)

IMF's Strauss-Kahn Warns Against Early Stimulus Exit
(DBN)

Economist: Texas Will Recover First
(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:

HAMP By The Numbers: One in Eight Trial Mods Go Permanent
(DBN)

Is Slashing Mortgage Principal the Answer?
(DBN)

Mortgage Plans Helped 7% Who Signed Up
(DBN)

Paperwork Woes Plague Mortgage Plan
(DBN)

Capmark Investments Files for Bankruptcy
(DBN)

Atlanta Apartments Go Into Chapter 11
(DBN)

Developer prepares bid to buy Statler
(DBN)

As Miami Condos Prices Fall, It's Lender vs. Lender
(DBN)

Detroit to Sue Owners for Demolitions
(DBN)

UBS’s 10 Predictions for Housing in 2010
(DBN)

Nonprime Borrowers With Negative Equity: Not a Pretty Picture
(DBN)

HB Equities defaults on $100M note
(DBN)

Top apartment owner Miles files Chapter 11
(DBN)

Developer Stern under pressure over bankruptcy
(DBN)

Bank of America's Galveston Fish Story
(DBN)

Americans Who Pay the Most in Property Tax
(DBN)

CMBS Delinquencies Rose Five-Fold, Moody's Says
(DBN)

GMAC's infighting stalls ResCap sale
(DBN)

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Banking:

Three Banks Fail
(DBN)

Why Banks Aren't In Bankruptcy
(DBN)

Former bankers circle failed institutions
(DBN)

Bank Profits: Not High Enough?
(DBN)

Obama Promises All-Out Battle to Impose New Tax on Major Banks
(DBN)

The 'Responsibility' Tax
(DBN)

Proposed bank fee riles as industry assesses cost
(DBN)

Obama chides banks' "audacity" for fighting fee
(DBN)

Obama accuses nation's largest banks of selfishness
(DBN)

Investors sue New Frontier Bank board members, officers
(DBN)

Why Citigroup's Going to Take the Fall
(DBN)

How Bankers Think
(DBN)

Trust No Bankers: Always Wrong on Regulation
(DBN)

World's Worst Banker Returns to Work
(DBN)

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Lehman:

Lehman's Bankruptcy Fee Tab Climbs
(WSJ: separate paid subscription required)

______________

Agriculture:

Subsidies prop up cotton country through downturn
(DBN)

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Health Care:

Sales set to pay Monsour hospital debt
(DBN)

______________

Hollywood:

MGM claims to have bidders
(DBN)

______________

Insurance:

Swiss Re gets $1.27B in Warren Buffett deal
(DBN)

Market for directors' and officers' insurance on the rise in Europe as lawsuit risks mount
(DBN)

______________

Oil/Gas:

‘Prepackaged’ deal helps Express Energy Services expedite court process
(DBN)

______________

Video Rentals:

Movie Gallery Inc. weighs second bankruptcy
(DBN)

______________

Gambling:

United Auburn take over casino management: Thunder Valley owners decide not to renew contract with bankrupt Station
(DBN)

Developer eyes Fontainebleau
(DBN)

______________

Corporate Reform:

Backers fight for US consumer agency's survival
(DBN)

Will The Banks Win Again? Bailout Watchdog Rallies Support For Consumer Protection Agency
(DBN)

Sen. Dodd may drop push for consumer financial protection agency
(DBN)

Who To Blame If The Consumer Financial Protection Agency Fails
(DBN)

Some lawmakers worry CFTC not going far enough
(DBN)

Some Quick Notes on the Financial Crisis Inquiry Commission Hearings
(DBN)

The Financial Hearings are a Joke
(DBN)

SEC, FDIC: Our Failings Added to Crisis
(DBN)

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Municipalities:

Illinois Careens Toward Bankruptcy
(DBN)

______________

Advertising:

Advertising firm files for bankruptcy - The firm that caters to the financial industry saw revenues plummet 64%.
(DBN)

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Building Materials:

Sun Capital affiliate to purchase Arch Aluminum
(DBN)

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Personal Finance:

In today's economics of marriage, it's a man's world
(DBN)

______________

Tax:

Swiss Banker Blows Whistle on Tax Evasion
(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:

US Senators Want Bankruptcy Court for Failing Financial Firms
(DBN)

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Bankruptcy Statistics:

Bankruptcy filings shoot up in La.
(DBN)

Bankruptcy court filings jump in Nevada
(DBN)

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Bankruptcy Events:

Turnaround Underground
(DBN)

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Litigation:

Who's Winning and Who's Losing the Dismissal Motions in Subprime Securities Suits?
(DBN)

______________

Newspapers:

Morris Publishing Group Files Plan of Reorganization with Bankruptcy Court
(DBN)

Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11
(DBN)

Mercury News parent swaps debt for equity
(DBN)

Media News Group Set for Bankruptcy, Says Operations will be Unaffected
(DBN)

MediaNews Enters Bankruptcy , Big Newspaper Chains Remain There
(DBN)

Good reading on Pioneer Press parent's bankruptcy
(DBN)

Affiliated, Morris set packaged reorgs
(DBN)

Group Readies Bid for Three Canwest Newspapers
(DBN)

______________

Trucking:

After 10 months in Chapter 11, Summitt Trucking moves into the black
(DBN)

______________

Credit Cards:

Credit Cards and Reluctant Regulators
(DBN)

______________

Finance:

Hold the Line (of Credit)
(DBN)

Usury and Securitization
(DBN)

______________

Retailing:

350 to lose their jobs in Bernie's bankruptcy
(DBN)

Hilco Merchant Resources LLC to Manage Bernies Going out
(DBN)

______________

Corporate Governance:

Taking Away Directors' Rubber Stamps
(DBN)

New Rules Allow for "Lightening Fast" Adjudication of New Cases Filed in Delaware Court of Chancery
(DBN)

______________

Accounting:

Global audit industry is unsustainable
(DBN)

Grant Thornton: Declining Revenues, Raises in 2010, and Stephen Chipman Will Be Blogging
(DBN)

UK Code Requires 'Independent Non-Executives' for Big 4
(DBN)

Layoff Watch '10: More Details on Ernst & Young
(DBN)

______________

Celebs:

Nicolas Cage Owes IRS $14 Million
(DBN)

Nicolas Cage's Catastrophic Financial Situation May be Coming to End
(DBN)

Fight ensues over irreplaceable Princess Diana gowns
(DBN)

______________

Autos:

Shares in Old GM Still Being Traded
(DBN)

Spyker Said to Be Lone Remaining Bidder for GM Unit
(DBN)

Spyker Denies Joint Genii Bid For Saab
(DBN)

Who is Really Running Detroit?
(DBN)

GM's Girsky Gets $1.1M in Salary, Cash
(DBN)

GM Gives Opel a $930M Boost
(DBN)

______________

Hotels:

Hotel Foreclosure Watch: The Four Seasons Turns Cold in Dallas
(DBN)

______________

Shipping:

More Ships Than Containers to Fill Them
(DBN)

______________

UK:

U.K. inflation accelerates at record pace
(DBN)

140,000 companies "in severe financial distress"-Begbies Traynor
(DBN)

Drop in administrations won't continue, says Deloitte
(DBN)

UK Economy: Decades of Painful Readjustment
(DBN)

UK: Brokers to Protest Bank Bonus Tax
(DBN)

UK Recession Map Shows Unequal Pain
(DBN)

______________

EU:

European Banks Take Another Small Step Toward More Normal Lending
(DBN)

______________

Canada:

Grafstein Group Plans Bid for Three Canwest Papers in Canada
(DBN)

______________

Greece:

European Ministers Say Greece Must Tackle Deficit Itself
(DBN)

EU ''not Worried'' About a Greek Default
(DBN)

______________

Iceland:

Iceland Credit Risks Rise ‘Considerably,’ S&P Says
(DBN)

Dutch FinMin - No Icesave Renegotiations With Iceland
(DBN)

______________

Australia:

Australia Plans Insolvency Law Overhaul, More Director Protection
(DBN)

______________

Middle East:

Some Dubai World Creditors Said to Seek Loan Sale
(DBN)

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