January 26, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

WilmerHale Posts 7 Percent Increase in Profits Per Partner
(DBN)

How Badly did Am Law Firms Really Fare Last Year?
(DBN)

Pepper Hamilton Attorney Gets the Texas Rangers
(DBN)

Hughes Hubbard Issues True Up Raises, Above Market Bonuses (If You Hit Your Hours)
(DBN)

Associate Bonus/Salary Watch: Wilson Sonsini Announces Bonuses A Few Days After Firing Staff
(DBN)

Sales. Such a Dirty Word
(DBN)

Pillsbury Gets Pilloried for Pro Bono Work in San Francisco
(DBN)

A sense of optimism as law firms looking to expand
(DBN)

6 Tips for an Effective Job Search
(DBN)

Rothstein bankruptcy auction raises $180,000 for creditors
(DBN)

On the Lexis and Westlaw of the (Near)Future
(DBN)

The One-Two Punch to BigLaw's Gut
(DBN)

Linklaters set to name new Americas chief
(DBN)

Law Firm Sues Over Unauthorized Use of Web Site
(DBN)

Judge Finds Agreement Between Firm, Ex-Partner Ambiguous on Arbitration Requirement
(DBN)

Fla. Lawyers Asked to Donate Billable Hour to Haiti Relief Effort
(DBN)

Are Lawyers Just One Step Removed From Criminals?
(DBN)

West Coast US firms report steady financials after challenging year
(DBN)

Ex-Partner Suit: Two Firms Using My Name Is One Too Many
(DBN)

Expected Legal Industry Trends in ý10 Outlined
(DBN)

John Yoo’s ‘Secret Class’: The Professor Responds
(DBN)

Law Schools Rearrange Deck Chairs
(DBN)

Allegedly Beaten By 15-Year-Old Son, Mom Must Pay His Legal Bills
(DBN)

Secretary Gets Probation for Using Law Firm Credit Card for Exotic Dancer Trip
(DBN)

The Revenge of Justice’s Assistant
(DBN)

The expression "open mouth, insert foot" takes on a whole new meaning.
(DBN)

"Never say "no" to where you are sent or why?"
(DBN)

The hot and sexy legal profession, at least on TV
(DBN)

______________

Judges:

After 34 Years, a Plainspoken Justice Gets Louder
(DBN)

DA Calls for Boycott of Judge
(DBN)

______________

Courts:

Bankruptcy Court Names New Executive Officer
(DBN)

Judges Look to Kindles for Paperless Court
(DBN)

______________

Wall Street:

US Stock-Index Futures Decline
(DBN)

State of Shock
(DBN)

Asian Stock Markets Slide for a 5th Day
(DBN)

Volatility and Politics Are Feeding Fears of a Market Correction
(DBN)

Wall Street Moving Cash Into NY Attorney General’s Race
(DBN)

Judge Blasts Wall Street's 'Corrupt' Culture
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

25 States' Unemployment Funds in the Red
(DBN)

New York City OTB warns employees of shutdown
(DBN)

______________

Compensation:

Goldman Sachs Bonuses May Get Boost as Obama Plan Hammers Stock
(DBN)

Goldman Caps UK Partner Pay At $1.6 Mln
(DBN)

With Draconian Pay Cuts, Goldman Sachs Is Destroying Itself and Everything It Stands For, Says Analyst
(DBN)

Goldman bonuses grow on Obama stock rout
(DBN)

______________

Tech:

Ericsson Profit Declines as Customers Slash Spending
(DBN)

______________

Food/Drink:

Employee stock plan to buy Penn Traffic pulled from the bankruptcy court agenda
(DBN)

Tops bid receives approval of judge
(DBN)

C&S Wholesale Grocers may lose jobs after Penn Traffic sale
(DBN)

Quality Candy files for bankruptcy
(DBN)

______________

Radio:

The Demise of Air America
(DBN)

______________

Gambling:

Missouri May Seek Closure of President Casino
(DBN)

Bankruptcy exit date set, new board to oversee Greektown Casino Hotel
(DBN)

Cash-strapped OTB is once again racing toward closure
(DBN)

Bankruptcy judge urges Station Casinos, creditors to negotiate
(DBN)

Bankrupt Twin River names new directors
(DBN)

President Casino on its last legs
(DBN)

______________

Rail:

Union Pacific Profit Falls 17 Percent
(DBN)

______________

Municipalities:

Harrisburg considers major tax hikes, asset sales to avoid bankruptcy
(DBN)

______________

Newspapers:

Papers should be in local hands not bankers'
(DBN)

Why Singleton will stay after bankruptcy
(DBN)

______________

Aviation:

Collusion with government blamed for JAL's failure
(DBN)

______________

Horse Racing:

Bank wants to take over Zayat's horses
(DBN)

______________

 

 

Economy:

Obama Talks of Restoring Security for Middle Class
(DBN)

Budget Freeze Is Proposed
(DBN)

Figures on government spending and debt
(DBN)

Economists: Slow Recovery Taking Hold
(DBN)

An Investigator Presses to Uncover Bailout Abuse
(DBN)

U.S. Probes AIG's Payout to Partners
(WSJ: separate paid subscription required)

Fed Strove To Keep America In Dark On AIG
(DBN)

Obama Seeks Freeze on Many Domestic Programs
(DBN)

Bernanke's prospects brighten; vote not yet set
(DBN)

McCain is the Latest "No" to Bernanke
(DBN)

Bernanke is least-bad choice at Fed
(DBN)

White House, Top Republican Say Bernanke to Keep Job
(DBN)

Existing home sales sink
(DBN)

Corporate Antagonism Goes Public
(DBN)

Corporations are People Too: Just Nastier
(DBN)

The background to the Volcker rule
(DBN)

Poverty rate hits 17.5% in Nashville
(DBN)

E-Mails Show New York Fed Lawyers' Push to Hide AIG Details
(DBN)

Goldman Shown Most Aggressive With A.I.G.
(DBN)

Goldman: Disaster if Bernanke Raises Rates
(DBN)

A 'bumpy' Davos 2010 awaits world leaders
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Existing Home Sales Decline More Than Forecast
(DBN)

December home sales down nearly 17%; Largest monthly drop in more than 40 years
(DBN)

Facing Bankruptcy , Stuy Town Owners Hand Keys to Investors
(DBN)

'Tale of greed gone awry': Owners unload $5.4B Stuyvesant Town, Peter Cooper Village complexes
(DBN)

Tishman's 'Strategic Default' on Stuyvesant Town
(DBN)

StuyTown is 'Exhibit A' for strategic default apologists
(DBN)

Fallout Is Wide in Failed Deal for Stuyvesant Town
(DBN)

CalPERS loses $500 million on New York apartment deal
(DBN)

Control of Stuyvesant Takes Center Stage
(DBN)

Scramble after huge NY property deal collapses
(DBN)

Wilbur Ross Prepared to 'Go All the Way,' Buy Stuyvesant Town
(DBN)

Tishman Speyer's “Jingle Mail” on Stuyvesant Town
(DBN)

Tishman Speyer: The Grand Walkaway
(DBN)

In Stuyvesant Town, Shock, Apprehension and a Stirring of Hope
(DBN)

Tishman deal fails: sign of trouble in commercial real estate
(DBN)

Interest in Statler is speculative
(DBN)

Ex-Attorney Charged in Alleged Loan Modification Scheme Victimizing Over 400
(DBN)

FHA Cracks Down on 4 Mortgage Lenders
(DBN)

Former staff of Magnus to get some pay
(DBN)

_____________

Autos:

GM's Leadership Search Leads Back To Whitacre
(DBN)

General Motors abandons search for new chief executive
(DBN)

GM will repay bailout loans by end of June
(DBN)

Congressman asks Geithner to review Chrysler's Super Bowl ad buy
(DBN)

Ron Gettelfinger: The man who conquered Detroit
(DBN)

Hopes flicker for Saab future
(DBN)

GM says Saab is closing; no viable bids
(DBN)

About 43% of Canceled GM, Chrysler Dealers File for Arbitration
(DBN)

Legal Attack on Toyota Widens Following Second Auto Recall
(DBN)

______________

Symphonies:

'Bankruptcy' is heard as orchestra struggles
(DBN)

______________

Finance:

AlixPartners Says U.S. Companies Could Face a $513 billion Refinancing Crisis this Year
(DBN)

Corporate Europe faces £350bn refinancing headache
(DBN)

______________

Tax:

Are Reports of the Demise of Swiss Banking Secrecy Premature?
(DBN)

UBS Client Barouh Charged in U.S. With Filing False Tax Return
(DBN)

Post mortem on IRS private debt collection program
(DBN)

Factors that affect the IRS's ability to collect from individuals after default of a Chapter 11 bankruptcy
(DBN)

______________

Mass Torts:

Groups line up to support CSX asbestos appeal
(DBN)

Beau Biden drops out of Delaware Senate race
(DBN)

______________

Labor:

Arnie's Budget Plan Aims Straight at Unions
(DBN)

______________

Hedge Funds:

The fall of a hedge-fund wunderkind
(DBN)

______________

Trucking:

Trailer Shipments Hit 32-Year Low
(DBN)

Trucking industry continues to face challenging future
(DBN)

______________

Cross-Border:

Pushing the Envelope
(DBN)

______________

Telecoms:

Nortel is Dead – Unless ……
(DBN)

______________

 

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)

______________

Banking:

Adding up the costs for global banks
(DBN)

FDIC Mulls Securitizing Troubled Assets
(DBN)

Investing in Banks Loses Its Appeal
(DBN)

Colonial BancGroup can use cash, bankruptcy court rules
(DBN)

Charter Bank Takes A One-Way Trip Through The Looking Glass
(DBN)

Bank Failures Continue, Lawsuits Trickle In
(DBN)

______________

Litigation:

Ethics and Ediscovery
(DBN)

You've been served
(DBN)

DHB Industries Ex-Chief David Brooks Looted Company, Jury Told
(DBN)

______________

Corporate Reform:

Admitting Misconduct While Avoiding Charges
(DBN)

Wall St. Reforms Doomed to Fail
(DBN)

Still Needed: A Sheriff of Finance
(DBN)

NY Fed Investigated by Treasury's Barofsky Over AIG Bailout
(DBN)

______________

Retailing:

Four Seasons mall emerges from bankruptcy
(DBN)

General Growth restructures $9.4 billion of mortgages
(DBN)

General Growth hires UBS Investment Bank to aid emergence from bankruptcy
(DBN)

Retailers try new survival strategies for 2010
(DBN)

US retail industry sales seen up 2.5 pct for 2010
(DBN)

Which Retailer is Bankruptcy Bound?
(DBN)

______________

Celebs:

Someone Still Buying Rounds For Lenny Dykstra
(DBN)

______________

Fraud:

Judge Allows S.E.C. to Add to Galleon Case Charges
(DBN)

SEC Wants Rajaratnam to Turn Over U.S. Wiretaps for Lawsuit
(DBN)

Two settle in Galleon case
(DBN)

Madoff and His Confidants Take a Drubbing in Third Season of ‘Damages’
(DBN)

Plot Thickens in Huge FCPA Shakedown
(DBN)

Florida Likely to Launch Investigation into HELOC Fraud
(DBN)

Minnesota Ponzi-Schemer Jailed for Refusing to Relinquish Submarine, Concert Tickets
(DBN)

______________

Credit Cards:

Chase May Get U.S. High Court Review in Credit-Card Rate Case
(DBN)

______________

Religion:

Judge approves bankruptcy plan for Fairbanks diocese
(DBN)

Bishop of Fairbanks diocese starts reconciliation mission
(DBN)

______________

Credit Reporting:

Groups Question Insurer's Use of Credit Scores
(DBN)

______________

Distressed Investing:

Versa Capital Management Expands to Chicago, Los Angeles
(DBN)

______________

Hotels:

Court Records Show Artisan Hotel Owner Has A Troubled Financial Past
(DBN)

______________

Public Transit:

Monorail bankruptcy already a bumpy ride
(DBN)

______________

Debt Collection:

State Attorney General Goes After Capital One for Debt Collection and Re-Aging
(DBN)

______________

UK:

Britain Breaks Out of Recession, but Just Barely
(DBN)

FSA Plans Ban on Unfair Fees for Home-Loan Arrears
(DBN)

One in five UK shopping centres 'at risk'
(DBN)

BDO steps up investigation of E-Clear
(DBN)

Kerry Katona buys new furniture despite facing possible eviction
(DBN)

UK Insolvency Law: Trust Issues Complicate Lehman Administration
(DBN)

Church of England writes off £40m
(DBN)

______________

Canada:

CAW pushes for tougher legislation aimed at protecting severance payments
(DBN)

______________

China:

Chinese Banks Said to Rein in Loans
(DBN)

______________

India:

Some PE firms picked up plum deals as others held back
(DBN)

______________

Italy:

Fraud, bankruptcy case against Maltese lawyer starts in Italy
(DBN)

______________

Germany:

German Consumer Confidence Falls
(DBN)

______________

Japan:

Japan’s High Debt Prompts Credit Rating Warning
(DBN)

______________

Argentina:

Argentine Banking Dispute Goes to Congress
(DBN)

______________

Australia:

Banks rebuff increased bankruptcy threshold
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of The Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).