January 27, 2010

The Daily Bankruptcy News

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Law:

Bankruptcy decline has advisers scrambling for crumbs of business
(DBN)

Davis Polk Lawyers Were to Be Gatekeeper for AIG PR in Secrecy Effort
(DBN)

Chadbourne & Parke: True-Up Raises and Make-Whole Bonuses
(DBN)

Linklaters' retention rate plummets to 70 per cent
(DBN)

Consultant Expects 2009 Law Firm Profits to Be a ‘Mixed Bag’
(DBN)

Understanding the flat-fee contract for legal services
(DBN)

Deciding How Much to Invest in Legal Work (or what is "good enough")
(DBN)

Keven McKenna declares his law firm bankrupt
(DBN)

Career Center: Survey Says
(DBN)

After News Lawyer Wore Wire to Jail, Inmates Ask, What About My Counsel?
(DBN)

Emoticons a Sign You Should Step Away from the Keyboard, Firm Chair Says
(DBN)

Law Firms Are Guilty of E-Snubs, Too, NYT Reader Says
(DBN)

McDonough ranks No. 1 for women partners
(DBN)

To Haiti and Back: 'I Saw Things I Wish I'd Never Seen'
(DBN)

Cornell Law School Officials Expected More Applications, But Not a 52% Spike
(DBN)

Wisconsin Law School Seeks to Import Jersey Shore to the Great Lakes
(DBN)

Career Alternatives for Attorneys: Restaurateur
(DBN)

Lawsuit of the Day: Neighborhood Sues Frat Boys for Being Frat Boys
(DBN)

I Wonder How Important My Hairstyle is in a Law Firm
(DBN)

Arent Fox: Panda Lawyers
(DBN)

Another Law School Offers to Wipe Out Entire Loans of Public Sector Grads
(DBN)

Say What?!
(DBN)

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Judges:

Massey Coal Revisited: When Should a Judge Have to Recuse Himself?
(DBN)

Judge Can’t Figure Out Why Lawyers Thought DWI Scheme Was a Good Idea
(DBN)

Emotional Scars of Courtroom Stabbing Prevent Judge’s Return to Bench
(DBN)

Federal Judge Calls 2nd Circuit's Approach to Calculation of Attorney Fees 'Condescending'
(DBN)

Committee to vote on Porteous impeachment
(DBN)

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Wall Street:

Stock futures point to mixed Wall Street opening
(DBN)

Dow, S&P violate major trend lines
(DBN)

Stocks fall as financials offset earlier gains by retailers
(DBN)

Investors find some comfort in higher consumer confidence
(DBN)

The Never-Ending Goldman-AIG Saga
(DBN)

The man who walked away from Goldman
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

Verizon to Cut 13,000 Jobs as Businesses Reduce Lines
(DBN)

Home Depot to cut 1,000 jobs, shut three stores
(DBN)

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Retailing:

Filene's Basement bankruptcy gets OK
(DBN)

Ala Moana Center emerges from bankruptcy
(DBN)

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Religion:

Judge OKs Alaska diocese plan for abuse victims
(DBN)

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Bankruptcy Crimes:

Former lawyer pleads guilty to lying in bankruptcy
(DBN)

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Food/Drink:

Bashas' could get out of bankruptcy soon
(DBN)

Tops to assess stores' viability
(DBN)

Vinfolio seeks bankruptcy protection
(DBN)

China's pet lovers seek ban on eating cats and dogs
(DBN)

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Municipalities:

Is LA on the Road to Bankruptcy
(DBN)

Pennsylvania Capital Burned By Incinerator Debt
(DBN)

Pennsylvania Capital Should Weigh Bankruptcy , Controller Says
(DBN)

H'Burg Mayor Proposes Cuts, Raising Taxes
(DBN)

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Brands:

Generation Brands emerges from Chapter 11
(DBN)

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Magazines:

Moody's assigns `B1' rating on Reader's Digest
(DBN)

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Fraud:

'Tantrum' E-Mail Gets Ball Rolling on Thawing Stanford Assets
(DBN)

Witnesses Are Gathered Against Chief of Galleon
(DBN)

Deal expected in Galleon fund case
(DBN)

Galleon defendant Kurland nears plea
(DBN)

Lloyd's Must Pay for Stanford's Defense, Judge Says
(DBN)

Rabbis Request Bail For Rubashkin
(DBN)

Ex-Abramoff Associate Asks to Delay Retrial Until High Court Rules on Honest Services Statute
(DBN)

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Hotels:

Hotels 'about 18 months' away from full recovery
(DBN)

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Economy:

Global recovery off to strong start, IMF says
(DBN)

IMF Sharply Raises Global Economic Growth Forecast
(DBN)

Obama to Freeze Pay of Top Government Officials
(DBN)

How Uncle Sam will profit from TARP
(DBN)

NY Fed says supported AIG bid for confidentiality
(DBN)

Fed's Bernanke Gets More Vows Of Support From Senators
(DBN)

AIG shares drop ahead of congressional hearing
(DBN)

Geithner says AIG investments may gain value
(DBN)

Geithner Says US AIG Aid Saved Economy, Not Counterparties
(DBN)

Geithner Denies Role In AIG Counterparty Payment Decisions
(DBN)

Lest We Forget: AIG Collapse Threatened the Global Financial System
(DBN)

AIG hearing to include Paulson, Friedman testimony
(DBN)

Preview of the House’s A.I.G. Hearing
(DBN)

AIG Hearings: Geithner's Last Stand?
(DBN)

Officials Line Up Defense Ahead Of AIG Hearing
(DBN)

Vote on Bernanke Confirmation Is Scheduled for Thursday
(DBN)

Goldman Sachs Approached AIG To Scrap Contracts Months Before Being Paid In Full By NY Fed
(DBN)

French regulator was open to AIG talks-Barofsky
(DBN)

The hindered haircut
(DBN)

Paulson Distances Himself From AIG Payments
(DBN)

Where has the US bailout money gone?
(DBN)

30% Of Americans Rapidly Approach Poverty, Or Are Already There
(DBN)

America’s Millionaires by State
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

High-End Home Prices Gain in 12 US Cities
(DBN)

Bank of America Agrees to Modify Second Mortgages
(DBN)

Outlook for housing market muddied by anemic rise in prices
(DBN)

Rents Loom as Stuy Town Issue
(DBN)

Church Loses Millions In NYC Property Slump
(DBN)

Dean Baker: We’re Still In a Housing Bubble
(DBN)

Failed condo developer Jim St. Raymond declares bankruptcy
(DBN)

Hovnanian on Housing 'Over-Correction'
(DBN)

Federal Judge Green-Lights RICO Suits Against Title Insurers
(DBN)

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Logistics:

Dallas Logistics Hub developers file for bankruptcy protection
(DBN)

Richard Allen on Logistics Hub's Chapter 11: "It's a Good Project. It's Just a Timing Issue."
(DBN)

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Forest Products:

Chesapeake Hardwood seeks bankruptcy protection
(DBN)

______________

Aviation:

Delta reports $1.2 billion loss for 2009
(DBN)

JAL's bankruptcy busts a warped civil aviation industry
(DBN)

Japan Airlines Promotes Masaru Onishi to President
(DBN)

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Furniture:

Furniture maker seeks bankruptcy reorganization
(DBN)

______________

Newspapers:

Tribune Union Opposes $46 Million in Manager Bonuses
(DBN)

NEWSDAY Doomsday: Only 35 Subscribers for Paid Online Content
(DBN)

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Lehman:

Lehman SPV ruling sparks controversy
(DBN)

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Claims:

Claims processing
(DBN)

______________

Tax:

I.R.S. Seeks Disclosures to Help Root Out Tax Shelters
(DBN)

IRS Workers With Convictions
(DBN)

______________

Accounting:

Scammers Attack PricewaterhouseCoopers and Deloitte
(DBN)

Ernst & Young Hong Kong Settles Second Audit Negligence Claim
(DBN)

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Insurance:

EPL Insurance: A "Surprise" Coverage Decision
(DBN)

______________

Debt Collection:

Debt collectors become more aggressive; consumers cry foul
(DBN)

______________

Trucking:

Arrow records in disarray
(DBN)

______________

Derivatives:

Banks Reviving Synthetic Bets as Volcker Blasts Default Swaps
(DBN)

______________

 

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)

______________

Bankruptcy Rules:

Bankruptcy Rules Committee rethinks 2019 pricing disclosure amid HF panic attack
(DBN)

______________

Bankruptcy Theater:

Enron on Broadway
(DBN)

______________

Autos:

GM's Bankrupt Estate Sues BMW Over Parts Contract
(DBN)

Bill would put ex-GM, Chrysler dealers 1st in line for new franchises
(DBN)

Ford put at a cashflow disadvantage from GM and Chrysler bankruptcies
(DBN)

Post- bankruptcy, idled GM sites slow to go
(DBN)

GM Strikes Deal to Sell Saab Unit
(DBN)

Saab-Spyker deal takes 'exotic' to the max
(DBN)

Persistence pays off for Spyker's CEO Victor Muller
(DBN)

Saab union reps: 'Send home the liquidators'
(DBN)

How Spyker Cars Is Paying for GM's Saab Brand
(DBN)

Deal done, Spyker faces tough road ahead with Saab
(DBN)

______________

Corporate Reform:

Business Warns Regulation May Crimp Recovery
(DBN)

______________

Litigation:

Resolving Financial Crisis Claims Through Mediation
(DBN)

'Litigation Is Not Ping-Pong,' Judge Posner Says
(DBN)

______________

Celebs:

Cardinals' Rolle Billed by IRS for $2.2 Million
(DBN)

Anna Nicole Smith Lost Millions in Jewels, Clueless About Bankruptcy : Docs
(DBN)

______________

Compensation:

NY Fed wanted AIG bonuses yanked
(DBN)

Wall Street Beefs Up Clawback Rules
(WSJ: separate paid subscription required)

Stiglitz ‘Negative Value’ on Bankers Means No Davos Happiness
(DBN)

______________

Health Care:

St. Vincent's Hospital on brink of second bankruptcy
(DBN)

______________

Banking:

Colonial Bank bankruptcy gets messy; ex-employees seek back pay
(DBN)

Sheila Bair Dispenses Good News and Bad
(DBN)

______________

Gambling:

Pols want the straight poop on NYRA
(DBN)

______________

Theme Parks:

Cedar Fair’s Mystery: An Investor’s Game Plan
(DBN)

______________

Rating Agencies:

U.S. Judge Dismisses Claims Against Moody's, Standard & Poor's
(DBN)

______________

Corporate Governance:

Delaware Supreme Court Reaffirms the Caremark Standard and Clarifies Duty of Good Faith in the Wake of Disney
(DBN)

______________

Politics:

Democrats Slam Brakes on Health Care Overhaul
(DBN)

______________

UK:

Britain urges global deal on 'bank tax'
(DBN)

British Central Banker Favors Splitting Big Banks
(DBN)

UK economy still at risk of double-dip recession
(DBN)

MPs move to protect unsecured creditors
(DBN)

Retail administrations drop to their lowest figure in two years
(DBN)

______________

EU:

Weber Says ECB May Take Further Exit Steps in First Half
(DBN)

European Distressed Debt Market Outlook 2010 Report
(DBN)

______________

Canada:

Legal battle launched by American bankruptcy firm put on hold
(DBN)

Canwest creditors win backing for turnaround plan
(DBN)

______________

Japan:

Willcom to Seek Turnaround Via Bankruptcy Filing, Nikkei Says
(DBN)

______________

Iran:

Bank Melli Iran rejects rumors on bankruptcy
(DBN)

______________

Afghanistan:

Afghanistan wins $1.6 bln in debt relief -IMF
(DBN)

______________

 

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