January 21, 2010

The Daily Bankruptcy News

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Law:

The Bankruptcy Files: Fly the Kirkland Skies
(DBN)

Associate Bonus Watch: Goodwin Matches, Thaws, Contemplates Moving Away From Lockstep
(DBN)

Dorsey & Whitney: Clerical Error Fans Layoff Fears
(DBN)

20 New Staff Layoffs at Wilson Sonsini
(DBN)

Morgan Lewis: Details Still Sketchy on its Merit Based Compensation
(DBN)

A&O moves to retain talent with new flexi-time scheme for partners
(DBN)

Cadwalader Profits Per Partner Are Up, Way Up
(DBN)

A Tough 2009 Leads to Decrease in Partnership Promotions
(DBN)

Welcome to the Future: What Would Winston Do?
(DBN)

BigLaw Gets Its Wonk On
(DBN)

Morgenthau, 90, Lands at Hard-Charging Wachtell Lipton
(DBN)

Clifford Chance proposes more powers to handle partner performance
(DBN)

NY BigLaw Partner, Two Other Lawyers Busted on Tax Charges
(DBN)

Drinker Biddle Nets $1.8 Million Award in Fee Fight
(DBN)

11 Lawyers You Definitely Don't Want To See Across The Aisle
(DBN)

Clifford Chance Brings in New Top Corporate Litigator
(DBN)

BigLaw (Still) Stepping Up on Haiti Aid
(DBN)

N.Y. Bar Revises All-Male Panel on Women in Law
(DBN)

Pls Hndle Thx: The $100,000 Question
(DBN)

The Long, Uber-Expensive Goodbye: 8-Figure Payout, Lots of Lawyers as Conan Splits
(DBN)

Adventures in Law School Advertising: American University - Washington Preschool of Law
(DBN)

Politics Professor Pesters Paralegal
(DBN)

Dos & don'ts of law firm life
(DBN)

Lawyer Wants to Be a Millionaire, Looks to TV Game Show for Opportunity
(DBN)

Payday Lawsuit Loans
(DBN)

Twelve Useless Classes at Top-5 Law Schools
(DBN)

Girl, 13, sentenced to 90 lashes after she took cellphone to school.
(DBN)

‘Tommy Supreme’ Is Poker-Playing Lawyer in High-Court TV Drama
(DBN)

Say What?!
(DBN)

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Judges:

So Where Are the Judges, Anyway?
(DBN)

Judge Who Deflated Worker’s Tire Would Accept Public Reprimand
(DBN)

No Punishment Recommended for Judge Over Thwarted Last-Minute Appeal of Execution
(DBN)

Supreme Court Announces Special Sitting, Issues 3 Rulings
(DBN)

Defense Challenges E-Mail, Text Messages in Judge-Stalking Case
(DBN)

Top Court Temporarily Bans Senior Judge Due to Wife-Assault Case
(DBN)

Herman Thomas: Could the ‘Spanking Judge’ Become the ‘Spanking Senator’?
(DBN)

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Wall Street:

Europe Stocks, US Futures Are Little Changed
(DBN)

Some Disappointing Earnings Send Markets Lower
(DBN)

Charles Schwab's Profits Down 47 Percent in Fourth Quarter
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

A Jolly Good Jobless Rate ?
(DBN)

Jobless rates seen high for many more years
(DBN)

New Jersey jobless rate climbs to highest since 1977
(DBN)

Sioux City Meatpacking Plant Closes; 1,450 Jobs
(DBN)

Workers Are Unemployed So Long, They're Forgetting Their Skills
(DBN)

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Aviation:

2009 Airline Revenue: Worst Plunge Ever
(DBN)

Revenue Falls 7.4% as American Posts a Loss
(DBN)

Keynes Killed JAL
(DBN)

JAL Bankruptcy Shakes Up Japan Inc.
(WSJ: separate paid subscription required)

Japan Airlines goes bust, directors fall on their swords
(DBN)

JAL rescuers forced to write off contributions
(DBN)

Rivals want Japanese airline to come aboard
(DBN)

JAL Pension Shortfall May Prompt Japan Inc. to Change Its Ways
(DBN)

JAL's rehabilitation begins
(DBN)

Why are Delta and American battling for a stake in bankrupt JAL?
(DBN)

Delta and SkyTeam Issue Statement of Support for Japan Airlines
(DBN)

American warns of fight if JAL switches allegiance
(DBN)

Boeing discloses more JAL orders
(DBN)

Sojitz takes ¥15 billion hit as first to write off JAL investment
(DBN)

Transport ministry hints at review of two air-carrier system for int'l flights
(DBN)

Asia routes real plum as rivals circle JAL
(DBN)

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Economy:

Dudley Says Bailouts Needed to Prevent 'Collapse'
(DBN)

US wholesale prices post small rise in December
(DBN)

US Rep Issa: NY Fed AIG submissions "incomplete"
(DBN)

Obama's Double-Dealing Bank Tax
(DBN)

NY Fed prez says policy auditors should butt out
(DBN)

World Bank Sees Slowdown in Global Growth as Stimulus Wanes
(DBN)

Republicans Oppose Obama Deficit Panel
(DBN)

Boom and bust by the book
(DBN)

Understanding the A.I.G. Dispute
(DBN)

Jobs Not Created
(DBN)

The Deficit Shell Game
(DBN)

Export Value: Per Dollar GDP by Country
(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:

Home Construction Down Sharply in December
(DBN)

Housing starts fall, but permits soar
(DBN)

Worst year for builders since the 1950s
(DBN)

Home supply falls as banks hold back on inventories
(DBN)

Housing construction rebound is in slo-mo, economists say
(DBN)

Southern California pulls out of "nose dive" in home prices
(DBN)

Builder stocks fall on FHA news, housing starts
(DBN)

Are Commercial Real Estate Prices Stabilizing?
(DBN)

FHA Changes: A ‘Coup’ for the Building Industry
(DBN)

Suburbs See Poverty Grow With Recession
(DBN)

Builders’ Dream Home Sold for a Song at Foreclosure Auction
(DBN)

Mortgage pain persists for BofA, other big banks
(DBN)

State AGs predict uptick in home foreclosures this year
(DBN)

_____________

Student Debt:

Obama to Nationalize $103 Billion Student Loan Industry
(DBN)

______________

Compensation:

BofA Investment Bankers Get More Pay Deferred, Moynihan Says
(DBN)

Morgan Stanley drops pay load
(DBN)

Morgan Stanley, Bank of America increase employee pay by billions
(DBN)

______________

Fraud:

Which Dreier Victims Should Get Paid First?
(DBN)

Berkshire unit settles charges from AIG fraud case
(DBN)

SEC Eyes New Charges Against Galleon's Rajaratnam
(DBN)

Trustee looking for the last of Bennett Funding Group creditors
(DBN)

SEC Sues General Re Over AIG, Prudential Fraud
(DBN)

Judge won't upset verdict in Kmart case
(DBN)

______________

Newspapers:

Tribune Sees 2009 Cash at $500 Million, Topping Prior Estimate
(DBN)

Media guru says Hearst Corp. to lose $317M in MediaNews bankruptcy
(DBN)

______________

Food/Drink:

Uno seeks protection with restructuring pact in place
(DBN)

Tops still front-runner for Penn Traffic
(DBN)

The story behind Jacksonville's empty Miami Subs shops
(DBN)

______________

Corporate Reform:

Scott Brown's Victory Means Obama Is About To Rain Hellfire Down On Wall Street
(DBN)

Obama Goes To War With Lame-Duck Dodd Over Financial Regulation
(DBN)

______________

Corporate Governance:

Delaware Court of Chancery Explains Procedural Prerequisites to Rebut Business Judgment Rule Protection for Board of Directors; Defines "Interested" Director and Lack of Director "Independence"
(DBN)

______________

Hedge Funds:

Hedge Funds Hold Investors ‘Hostage’ After Rebound
(DBN)

______________

Derivatives:

Banks’ Derivatives Activity Falls Under I.R.S. Scrutiny
(DBN)

______________

Accounting:

Gen Re to Pay $92.2 Million to Settle Accounting Misconduct Claims
(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)

______________

Litigation:

Authenticating Web Pages as Evidence
(DBN)

______________

Lehman:

Lehman Ruling Threatens U.K. FSA’s Probes Into Client Accounts
(DBN)

______________

Banking:

Obama to Propose Limits on Risks Taken by Banks
(DBN)

Banks See a Leveling Off in Bad Consumer Loans
(DBN)

Banks’ Derivatives Activity Falls Under I.R.S. Scrutiny
(DBN)

An Antitrust Investigation of the Banks?
(DBN)

Treasury Says It Got Bailed-out Banks to Pay More
(DBN)

Morgan Stanley’s Quarter Falls Below Forecast
(DBN)

Wells Fargo's Upbeat Profits
(DBN)

Bank of America, Wells Fargo results bolstered by mortgage operations
(DBN)

Why Bankers Tend to Hoard
(DBN)

Credit Suisse: Barclays Needs Up To $45 Billion More
(DBN)

Bank of NY Mellon 4th quarter profit surges
(DBN)

BNY Mellon posts $1.37B loss for 2009
(DBN)

______________

Avoidance Actions:

Quebecor World Trustee Seeks $390 Million in 1,700 Vendor Suits
(DBN)

______________

Celebs:

Ex-Football Star Facing Bankruptcy, Foreclosure
(DBN)

Pam's not broke
(DBN)

______________

Autos:

Chrysler hires Liberatore to advise Marchionne
(DBN)

Few take Ford's latest buyout offer, union says
(DBN)

______________

Gambling:

Icahn Last Bidder for Fontainebleau in Bankruptcy
(DBN)

Icahn Set to Win Fontainebleau as Rivals Disqualified
(DBN)

______________

Building Materials:

Window fabricator Atrium files reorganization plan
(DBN)

______________

Chemicals:

US court ruling hits RIL plan to take over LyondellBasell
(DBN)

______________

Sports:

Creditors to Auction Stake in Olympic Ski Venues
(DBN)

______________

Debt Collection:

State Issues Suspension Order to Debt Collector Mann Bracken
(DBN)

Tap Dancing on a Debt Collector's Grave
(DBN)

Two State Attorneys General Take Action on Debt Collection Agencies
(DBN)

______________

UK:

U.K. Antifraud Agency Steps Up Fight Against Foreign Corruption
(DBN)

UK Posts Largest December Budget Deficit on Record
(DBN)

Litigation Costs Under Scrutiny in the U.K.
(DBN)

Online insolvency register could save time and money
(DBN)

Bank of England Votes 9-0 to Hold Rates
(DBN)

______________

EU:

Latvia approaches another precipice
(DBN)

______________

China:

Top Goldman Banker In China Warning Of A China Real Estate Bubble
(DBN)

China on Path to Become Second-Largest Economy
(DBN)

China Said to Punish Banks for Overlending
(DBN)

______________

Greece:

Greece widens funding search, euro takes fright
(DBN)

Greece Not Seeking Aid to Plug Debt Hole
(DBN)

______________

Italy:

Burani's Creditors Meet Ahead Of Court Date
(WSJ: separate paid subscription required)

______________

 

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