January 22, 2010

The Daily Bankruptcy News

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Law:

Happy Days at BigLaw Here Again? Only Clients Stand in the Way
(DBN)

Laid-off lawyers, cast-off consultants -- The downturn is sorting the best professional-services firms from the rest
(DBN)

Davis Polk, Cleary Advising New York Fed
(DBN)

Citizens United Ruling a Big Win for Gibson Dunn's Olson
(DBN)

Cravath's Jebejian on Obama's bank plan
(DBN)

Seven From Robinson Diamant Join Bankruptcy Firm Levene Neale
(DBN)

Kirkland Picks Up Pieces for Bankrupt Atrium
(DBN)

The Legal Teams Behind the Conan - Leno Fight
(DBN)

An Alternative Fee Arrangement That Worked Out Quite Well
(DBN)

Law Firms Likely To Experiment Most with Models
(DBN)

Economist: Expect Profound Structural Shift in Legal Market
(DBN)

Changes in BigLaw's Recruiting Plan Draw Mixed Reviews Amidst Economic Chaos
(DBN)

As a marketing pitch, full service is empty according to general counsel
(DBN)

So, About the Collapse in Commercial Real Estate...
(DBN)

Locke Lord Managing Partner Confirms Rise in Profits Per Partner
(DBN)

Six Law Firms Make Fortune’s List of Top 100 Places to Work
(DBN)

Fortune: Not All Law Firms are Brutal, Soul-Crushing Places
(DBN)

Tax Lawyers' Sentences Include 'Explaining Dangers of Misleading IRS'
(DBN)

Ex-Client Sues Law Firm, Says Sex Trial Statements Cost Him $21.5M
(DBN)

Cooley Godward Unfreezes (But New Salaries Are Still Chilly)
(DBN)

Doh! Orrick accidentally confirms new Apple product
(DBN)

Canada law firm wins OK to hunt down Madoff assets
(DBN)

Jones Day Pans NALP Commission Plan to Delay Law Student Job Offers
(DBN)

Ace Cardozo Student Hits ‘Reply All,’ Sending Grade List to Classmates
(DBN)

Dodo ‘Dozo Student Makes Some Laugh, Others Cry
(DBN)

Law Firm Leaders Express Renewed Confidence About Trends in Revenues, Staffing
(DBN)

The merger of Lovells and Hogan has won plaudits and raised expectations - can the new firm live up to its promise?
(DBN)

Associates Need Love Too: So Get Rid of Them
(DBN)

I'm a Stranger Here Myself: Ex-GC Discovers How BigLaw Has Changed While He Was Away
(DBN)

Boies Lands Verbal Punches on Ballot Measure Backer During Proposition 8 Trial
(DBN)

Boston College 2L Is One of the Nation’s 100 Best Chess Players
(DBN)

Bookkeeper Sentenced for Embezzling From Law Firm
(DBN)

Judge Allows Lawyer to Testify Against Former Client on Tampering
(DBN)

Studying For the Bar Exam On An iPhone is a Bad Idea
(DBN)

Quote of the Day
(DBN)

"The Deep End" - The associates DON'T look tired
(DBN)

ABC Takes a Header in The Deep End
(DBN)

Pretty Shallow at the Deep End
(DBN)

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Judges:

House Task Force Recommends Impeachment for New Orleans Judge
(DBN)

Tough Morning for Justice Stevens
(DBN)

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Wall Street:

US Stock Futures Advance
(DBN)

Stock Futures Falling; Market Set to Resume Slide
(DBN)

Asia tracks US tumble after Obama bank proposal
(DBN)

Dow goes negative for 2010 as sellers swarm
(DBN)

Bank Proposal Sends Shares Even Lower
(DBN)

Regional Banks Spared Financial Sector Sell-Off
(DBN)

Goldman Taunts, Terrorizes Wall Street With Huge Quarter
(DBN)

Great vampire squid pays out $13bn in taxes
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Jobless Claims in US Unexpectedly Rise on Backlog
(DBN)

Finance Layoffs: Lloyds, BofA and more
(DBN)

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Compensation:

Goldman Sachs Set Aside $16.2 Billion for Worker Pay
(DBN)

On average, each Goldman employee will receive $498,000 in bonus money.
(DBN)

Shareholder sues Goldman Sachs over excessive pay
(DBN)

Goldman: Big profits, smaller comp
(DBN)

Let Me Tell Your Fortune: Executive Pay Projections for 2010
(DBN)

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Building Materials:

Plumbers Supply closes, files for bankruptcy
(DBN)

Atrium files for Chapter 11, cuts debt by 50 pct
(DBN)

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Autos:

Chrysler Chapter 11 Disclosure Statement Is Approved
(DBN)

GM seeks Delphi givebacks
(DBN)

Back from the brink
(DBN)

About 600 car dealers try to get businesses back
(DBN)

Former GM auto dealers launch class action lawsuit against GM Canada and national law firm
(DBN)

European auto plants shut, on chopping block
(DBN)

GM Europe goes back to the drawing board
(DBN)

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Horse Racing:

Penn's Bid Delayed On Racetracks
(DBN)

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Olympics:

Financial crisis could prevent some British athletes from competing in Vancouver
(DBN)

Lehman's blow to Whistler
(DBN)

Olympics Face Financial Challenges
(DBN)

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Corporate Reform:

Obama prepares media blitz on bank tax, consumer agency
(DBN)

A Reformer At The White House
(DBN)

WaPo: SEC Ignores Whistle-blowers, Lacks—and Violates—Tip Procedures
(DBN)

Tyco's Attempts at Frugality
(DBN)

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Radio:

Air America to Cease Broadcasting Immediately
(DBN)

Air America, 2004-2010
(DBN)

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Economy:

Rise in jobless claims signals slower recovery
(DBN)

The Global Debt Bomb
(DBN)

Democrats propose $1.9 trillion increase in debt limit
(DBN)

''Too Big to Fail'' Fails
(DBN)

Obama Moves to Restrict Big Banks
(DBN)

Krugman: Pretty Close to Giving Up on Obama
(DBN)

What new bank regulations would do
(DBN)

Geithner Has Concerns About President's Proposed New Bank Rules
(DBN)

Economists React: Is Obama Bank Plan ‘Wrong Solution’ or ‘Good Idea’?
(DBN)

Geithner's lifelong love of bailouts
(DBN)

AIG Took Four Tries on Filing as Fed Asked to Withhold Data
(DBN)

New York Fed Sets Up Unit to Handle Bailout Balance Sheet
(DBN)

Small Business Group Rebukes Obama Administration Over TARP
(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:

US House Prices Gain Back 6.3% Since Trough: S&P/Case-Shiller
(DBN)

Big Banks Also In Big Commercial Mortgage Trouble
(DBN)

Bair urges banks to take losses on commercial loans
(DBN)

FDIC Chief: CRE Delinquencies, Bank Failures to Keep Rising
(DBN)

US 30-year mortgage rate sinks below 5 pct
(DBN)

Why HAMP doesn't work
(DBN)

Homebuilders Turn to Private Equity as Bank Lending Dries Up
(DBN)

Advice for Real Estate Attorneys During Economic Upheaval: Hold Tight, Dig Deep and Specialize
(DBN)

Australian-owned US REIT files for bankruptcy
(DBN)

Eugene Based Development Firm Files Bankruptcy
(DBN)

"Remington Ranch files for Chapter 11"
(DBN)

Revival of key US CMBS type seen in 2nd half 2010
(DBN)

Large Loans Drive CMBS, CDO Delinquencies Higher
(DBN)

Macklowes are back
(DBN)

Should Private Equity Invest in Homes
(DBN)

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Banking:

Obama Moves to Limit 'Reckless Risks' of Banks
(DBN)

Obama Bank Curbs May Not Leave U.S. Financial System Much Safer
(DBN)

Bankers Reportedly Unthreatened by "Volcker Rule"
(DBN)

How Obama's new Wall Street proposals will - and should - punish Goldman Sachs.
(DBN)

Bank curbs hit Europe firms with US exposure hardest
(DBN)

Obama Bank-Plan Impact Hinges on How to Define Client Trades
(DBN)

White House Statement on Obama Bank Regulation Plan
(DBN)

Welcome back, Glass-Steagall
(DBN)

Bank Rules Could Sink Community Development VC Funds
(DBN)

FDIC Grants Its Chief Retroactive Ethics Waiver on BofA Mortgages
(DBN)

The New Bank Proposal
(DBN)

Obama Sizes Handcuffs For Banks
(DBN)

Bad for Banks
(DBN)

President Obama Takes on Big Banks: 'If They Want a Fight, That's a Fight I'm Willing to Have'
(DBN)

Obama's Extraordinary U-turn on Banks
(DBN)

Obama Slaps Banks With Volcker Rule
(DBN)

Senate Asks FDIC for WaMu Documents
(DBN)

Treasury Claims It Took Big Banks To The Cleaners
(DBN)

Sweden’s ‘Stability Fee’ on Banks Gains Global Attention
(DBN)

HSH Delaware Caves to Creditors, Files for Bankruptcy
(DBN)

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Hollywood:

Bankruptcy For MGM?
(DBN)

MGM mulls prepackaged bankruptcy with sale
(DBN)

MGM buyer sure to seek bankruptcy plan
(DBN)

Bob Yari Prods. Files for Bankruptcy
(DBN)

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Municipalities:

Bankruptcy no fix, Goldsmith says
(DBN)

The United States Of Debt
(DBN)

Is Your State A Debt Disaster?
(DBN)

America's 10 Biggest Cities: A Debt Report Card
(DBN)

Letter reveals L.A.'s plans for more layoffs
(DBN)

A bankrupt L.A.? No way.
(DBN)

How Close Is Tulsa To Bankruptcy ?
(DBN)

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Finance:

Bair Asks for Input on New Securitization Standards
(DBN)

GE Profit Declines on Finance Losses, Aviation
(DBN)

CIT Pays Interim Leader Tobin $8000 Weekly During CEO Search
(DBN)

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Newspapers:

Tribune Memo to Staff: We're Actually Making Money
(DBN)

Tribune Co. seeks approval for modified bonus plan
(DBN)

Tribune Gets Bonus Jitters As Payday Nears
(DBN)

Freedom Files Joint Plan of Reorganization
(DBN)

Freedom Updates Bankruptcy; No Shares for Family, Investors
(DBN)

Freedom sale now reaches beyond East Valley Tribune
(DBN)

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Health Care:

Unopened Hammond hospital sold to creditor
(DBN)

Health Care Reform Not Dead Yet, Says McDermott Lawyer
(DBN)

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Publishing:

Concerns over Borders Grow
(DBN)

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Corporate Governance:

Data on governance of closely-held firms
(DBN)

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Resorts:

Struggling Montelucia resort is purchased by lender
(DBN)

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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)

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Bankruptcy Reform:

BlackRock Proposes New Consumer Bankruptcy Option
(DBN)

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Bankruptcy Statistics:

There May Be More Financially Distressed Small Business Owners Than You Think
(DBN)

Bankruptcy becoming common in the middle class
(DBN)

Hard Times Lead To Dramatic Rise In Bankruptcies
(DBN)

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Bankruptcy Humor:

Stand-up comedian Tim Clue takes on debt and bankruptcy
(DBN)

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Bankruptcy Theater:

Bethany McLean spotlights Enron
(DBN)

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Sales:

On Break Up Fees
(DBN)

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History:

In Pictures: 10 Biggest Bankruptcies In U.S. History
(DBN)

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Litigation:

Litigants Sanctioned as Zubulake Judge Reaffirms Necessity of Compliance with Parties' E-Discovery Obligations
(DBN)

E-Discovery Costs Tripled Last Year
(DBN)

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Insurance:

Insurance Coverage for Special Litigation Committee Expenses
(DBN)

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Aviation:

Pilots’ Union Settles United Fliers’ Bankruptcy Lawsuit for $44 Million
(DBN)

Southwest Airlines Posts Full-Year Profit
(DBN)

Continental Posts Surprise Profit, Demand Improves
(DBN)

S&P:No Downgrades for Financials, Insurers from Japan Airlines Bankruptcy
(DBN)

JAL bankruptcy will not affect company's hotel portfolio
(DBN)

JAL bankruptcy casts shadow on crude price
(DBN)

American: no Delta-JAL immunity
(DBN)

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Construction:

Brundage-Bone Concrete Pumping Files Chapter 11
(DBN)

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Private Equity:

Obama's Bank Proposal: Major Implications For Private Equity
(DBN)

Say Dubai, Mr. Jackson
(DBN)

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Education:

Princeton Surge Beats Harvard, Yale as Applications Soar During Recession
(DBN)

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Furniture:

Simmons Bedding exits bankruptcy under new owners
(DBN)

Hendricks Emerges from Bankruptcy
(DBN)

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Politics:

Critics, Dissenters Predict Wave of Corporate Money After Campaign Finance Ruing
(DBN)

A new law to offset Citizens United? The President calls for action
(DBN)

Watching as the Supreme Court turns a corporation into a real live boy
(DBN)

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Food/Drink:

P&C employees await bankruptcy court's decision
(DBN)

If At First You Don't Succeed, Open Your Wallet
(DBN)

Bashas' offers bankruptcy exit plan
(DBN)

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Telecoms:

How dead is Nortel?
(DBN)

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Fraud:

7 Indicted in Galleon Group Insider-Trading Case
(DBN)

Nadel Receiver Sues Fund Investors on ‘False Profits’
(DBN)

Basking in Islands of Legalisms
(DBN)

More than a year later, Bernie's inner circle still isn't behind bars.So where are they?
(DBN)

No Shoe, No Shirt, No Problem
(DBN)

Loch Capital Investors Pull Money Due To Founders' Friendship With Known Insider Trader
(DBN)

Rothstein's possessions on view
(DBN)

Lauderdale Sgt. Greenlaw enrolled in RRA 401(k) profit-sharing benefit?
(DBN)

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Accounting:

Ernst & Young Partner Sentenced to Prison for Role in Tax Shelter Scheme
(DBN)

The Fortune 100 Best Companies to Work For: Deloitte #70
(DBN)

Are Firms with Negative Book Equity in Financial Distress?
(DBN)

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Bankruptcy Crimes:

Ohio Man Indicted on Bankruptcy Fraud Charges
(DBN)

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Swimming Pools:

Latham Wins Court Approval of Plan to Emerge From Bankruptcy
(DBN)

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UK:

Pre-packs are still good for creditors
(DBN)

UK Retail Sales Up 3.6 Percent in December
(DBN)

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Canada:

Canadian bankruptcy filings down four per cent in November over previous month
(DBN)

No Canadian bailouts?
(DBN)

Nortel Obtains Further Extension of Stay Period Under CCAA
(DBN)

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Germany:

JC Flowers' German-focused trusts seek bankruptcy
(DBN)

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Iceland:

Iceland's Continuing Crisis
(DBN)

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