January 6, 2010

The Daily Bankruptcy News

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Law:

Tough Times? Not For This Group of High-Flying Legal Eagles
(DBN)

Cadwalader Promotes Bankruptcy Lawyer to Partnership
(DBN)

The Chasm in BigLaw Management: Restore or Cut Salaries?
(DBN)

BigLaw Partners May Be Worth Top Pay, But What About Associates?
(DBN)

Associate Bonus Watch: Irell & Manella Pays Twice S&C
(DBN)

The cloudy future of Big Law
(DBN)

Lawyer's Statements in Letter Protected by Privilege
(DBN)

Work-Product Battle Reaches Supreme Court
(DBN)

Top DC Bankruptcy Lawyers
(DBN)

Dechert Bonuses for ‘Reasonably Busy’ Associates Range from $7,500 to $30,000
(DBN)

Associate Bonus Watch: Dechert Matches, Cuts Salaries in the Boondocks
(DBN)

Moves in Lateral Market Kick Off 2010
(DBN)

Litigation Department of the Year Product Liability Winner: Reed Smith
(DBN)

Weil Named Finalist by AmLaw for Litigation Department of the Year
(DBN)

Ex-Attorney Mulls Plea in Alleged $1.2B Scheme as Trustee Sues Firm Partner for $4M
(DBN)

Skadden Is Top Deal Adviser as M&A Lawyers Face Slow Recovery
(DBN)

Skadden Stiffs Bomb Scare Victims
(DBN)

New Leadership at Skadden Arps Chicago Office
(DBN)

10 Lawyers Exit Jeffer Mangels to Form New Elkins Kalt Firm
(DBN)

Suspension Recommended for Ex-H&K Partner, an ‘Addict of Privilege’
(DBN)

Foley & Lardner Software Gives Clients Real-Time Look at Costs
(DBN)

TPM Shines Spotlight on Allen Stanford's Lawyers
(DBN)

‘Modest’ Isn't a Word Used to Describe New S&C Chairman
(DBN)

Lawyer of the Year: The Nominees
(DBN)

Cohen's Ex-Wife Stuns Lawyer by Dropping Him
(DBN)

Former Partner Gets a Second Shot at Sonnenschein in Fees Dispute
(DBN)

NALP Report Said to Recommend Later Date for Summer Offers
(DBN)

The Eyes of the Law: Harriet Miers Gets Sworn In
(DBN)

Lawyer’s Enterprising iPhone App Routes Clients to ‘My Attorney’
(DBN)

Sharon Stone to Be a ‘Law & Order’ Prosecutor
(DBN)

The Job Market Is Tough for Law Grads in China, Too
(DBN)

UBS whistleblower seeks probe of government lawyers
(DBN)

Lawyer Disbarred and Jailed for Forging Judge's Order Loses Appeal
(DBN)

DOJ Offers Guidance to Prevent Prosecutor Errors: But Will it Work?
(DBN)

Lawyer wants to become a flight attendant
(DBN)

How a handful of guys at Harvard Business School helped law firm leaders get back into education
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

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Judges:

Move Over, Tom Delay, Here Comes Judge Rakoff!
(DBN)

Scalia in Mississippi: Stop With the Judges, Already!
(DBN)

Scalia Worried About Supreme Court Filled with Experienced Judges
(DBN)

Ex-Judge Can’t Cite Court’s ‘Culture of Corruption’ in Bid to Regain Job
(DBN)

Why Is Paul Minor Still Behind Bars?
(DBN)

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Litigation:

In Lawsuit of the Decade (So Far), Property Owners Sue Credit Suisse
(DBN)

Is The Golden Era of Securities Class-Action Suits Coming to An End?
(DBN)

FINRA Warns About Principal-Protected Structured Notes
(DBN)

2nd Circuit Calls for State Court Assist in Refco Trustee Suit Against Mayer Brown and Auditors
(DBN)

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Wall Street:

US Index Futures Drop; S&P 500 May Decline From 15-Month High
(DBN)

US Stocks Remain Lower On Weak Housing-, Auto-Sales Data
(DBN)

How Big Finance Bought Uncle Sam
(DBN)

Goldman Director: Bankers Are Like Movie Stars And Deserve To Be Paid Like Them
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Americans' job satisfaction falls to record low
(DBN)

Pilgrim's Pride cuts 230 jobs after sale to JBS
(DBN)

The Future of Jobs in America
(DBN)

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Banking:

Sorry Geithner: Banks Have No Conscience
(DBN)

Bank returns should fall but not too far
(DBN)

Banging on the Bankers
(DBN)

Pain ahead for small banks
(DBN)

Banks cleaning up messes left by recently acquired lending institutions
(DBN)

Too Little, Too Late
(DBN)

New Frontier Bank pushed boundaries
(DBN)

New Frontier Bank failure highlights weaknesses in inspections and oversight
(DBN)

FDIC issues cease-and-desist order for Paragon Bank & Trust
(DBN)

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Tax:

Tax Enforcers Intensify Focus on Multinationals
(DBN)

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Bankruptcy Crimes:

2 California men sentenced in scam involving fraudulent bankruptcy petitions
(DBN)

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Municipalities:

Linda Thompson takes over city on brink of bankruptcy
(DBN)

Voters to California: Drop dead
(DBN)

Battered Midwestern Cities See Unemployment Drop
(DBN)

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Packaging:

Smurfit-Stone seeks financing to exit bankruptcy
(DBN)

Smurfit-Stone Mill Closing Delayed a Few Days
(DBN)

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Sports:

New Meadowlands Stadium's Name a Sign of the Times
(DBN)

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Finance:

GMAC Says Lender Will Post $5 Billion Loss in Fourth Quarter
(DBN)

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Corporate Reform:

Senators wrangle over financial reform
(DBN)

Rubashkin Could Face 27-Year Prison Sentence
(DBN)

SEC Plans Hedge Fund Sweeps
(DBN)

Di Florio to head SEC compliance unit
(DBN)

Former Comverse Execs to Shell Out Millions in Backdating Settlement
(DBN)

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Gambling:

Judge Rejects Bid for Laurel Gaming Rights
(DBN)

Greektown Casino-Hotel could be under new management soon
(DBN)

Isle of Capri to advise Greektown Casino-Hotel
(DBN)

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Paper:

Oregon City paper mill strikes bank deal to keep operating
(DBN)

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Economy:

Fed's Hoenig Warns on Too-Big-to-Fail, Backs Glass-Steagall
(DBN)

Divergent Views on Signs of Life in the Economy
(DBN)

November Factory Orders Higher Than Forecast
(DBN)

Economists place blame for own failures on banks
(DBN)

Recovery Will be Stronger Than Forecast
(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:

Pending Home Sales Fall After Months of Gains
(DBN)

Slowing Pace of Home Sales Raises Fears of New Retreat
(DBN)

NY Fed: Most Successful Mortgage Modifications Reduce Borrowers’ Principal
(DBN)

CMBS delinquencies pass 6 pct for first time
(DBN)

Capitalist Fools
(DBN)

Fannie's Christmas Eve Surprise
(DBN)

Barney Frank: Fannie, Freddie Are Basically 'Public Policy Instruments'
(DBN)

This Year's Housing Crisis
(DBN)

How Obama's Mortgage Modifications Are Making Things Worse By Giving Desperate Homeowners A False Sense Of Hope
(DBN)

Sargent Ranch owners file for bankruptcy
(DBN)

Fed Economist: Housing Is a Lousy Investment
(DBN)

Dolan increases stake in National Default Exchange
(DBN)

Manhattan Real Estate Now 'Reasonable,' Whatever That Means
(DBN)

REITs Look to Manhattan as Market Recovers
(DBN)

Beazer Homes to Offer New Stock, Convertible Debt
(DBN)

Bronx tenants win case citing Stuy Town
(DBN)

Macklowe Moves to Regain Drake; Blackstone Buys In on a REIT
(DBN)

Promise Homes in bankruptcy ; Perry hits snags
(DBN)

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Autos:

December a Mixed Month for Auto Sales
(DBN)

Ford Ends the Year With Its Best Month Since May 2008
(DBN)

A Bankruptcy Saga For The History Books
(DBN)

Chrysler finishes '09 with worst sales in 47 years
(DBN)

Chrysler Sales Skid Four Percent In December, Down 36 Percent In 2009
(DBN)

Number of cars on U.S. roads sees largest drop ever
(DBN)

Delphi Salaried Retirees Association to protest pensions in Detroit court Friday
(DBN)

Grassley wants answers on handling, cost of 'Cash for Clunkers' program
(DBN)

Chrysler is 'doomed,' says car critic Phil Edmonston
(DBN)

Asian car makers dethrone Detroit
(DBN)

Japan Auto Sales Hit 38 Year Low
(DBN)

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Hotels:

Blackstone Making Play for Control of Highland Hospitality
(DBN)

Vail Plaza Hotel developer loses project in bankruptcy court
(DBN)

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Publishing:

Haights Cross to file for Ch.11 bankruptcy
(DBN)

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Golf:

Country Club seeks bankruptcy auction
(DBN)

Peacock golf club files for bankruptcy
(DBN)

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Furniture:

Simmons restructuring plan gets court OK
(DBN)

Mattress maker files for Chapter 11
(DBN)

Classic Sleep Products' Ch. 11 plan includes $10M in financing
(DBN)

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Retailing:

Ski Market Bankruptcy Stings Bike Vendors
(DBN)

Midwest Mall's Mortgage Woes
(DBN)

Macy's closing Burlington Center Mall store, 4 others
(DBN)

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ADR:

Fair or Unfair? Should Debtors Be Forced Into Mediation?
(DBN)

______________

Oil/Gas:

Anadarko acquires some TXCO assets
(DBN)

Jones Energy acquires bankrupt oil and gas co.
(DBN)

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Debt Collection:

Buffalo's debt collectors accused of bullying
(DBN)

100,000 Collections in NYC Called Bogus
(DBN)

______________

Awards:

Bank Bailout Overseer, an HLS Professor, Named Bostonian of the Year
(DBN)

______________

Hedge Funds:

Judge Strips Away Hedge Funds' M&A Fig Leaf
(DBN)

______________

Horse Racing:

NYRA: Toss Out NYCOTB Bankruptcy Petition
(DBN)

Time to run NYRA out of business
(DBN)

Sale of Preakness race track postponed
(DBN)

Preakness slows Magna sale
(DBN)

______________

Politics:

Lobbying Blows Back on Mortgage Lenders, Shareholders
(DBN)

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Trucking:

YRC's “bailout” a series of strange events
(DBN)

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Lehman:

Lehman’s Plan to Handle Claims Contrary to Law, Creditor Says
(DBN)

______________

Insurance:

Top Ten D&O Stories of 2009
(DBN)

Setoff Rights And Bankruptcy D&O Litigation
(DBN)

Georgia Opens Probe of SEUS Insurance CEO Over ' Enron '-Like Accounting
(DBN)

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Accounting:

Too few auditors?
(DBN)

The 2009 Big Four firms performance analysis
(DBN)

Deloitte Wins Major Round Re: Alleged Inside Trader Flanagan
(DBN)

Grant Thornton Gets Fired (Again)
(DBN)

______________

Small Business:

Start-Ups Will Keep Struggling in 2010
(DBN)

______________

Rating Agencies:

Is Credit Rating Free Speech?
(DBN)

______________

Compensation:

Board pay: Unchecked and out of hand
(DBN)

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Food/Drink:

Penn Traffic seeks quick sale of assets
(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)

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Bankruptcy Reform:

Barney Frank: Mandatory Principal Write-Downs Unrealistic
(DBN)

CRS Report Re: Legislation to Modify Section 1322 Primary Residence Exception
(DBN)

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Committees:

Bankruptcy Disclosure Rules Rankle Investors
(DBN)

______________

Bankruptcy Statistics:

US business bankruptcies rise 38 pct in 2009
(DBN)

Big Drop in December 2009 Filings--That's RIght, a Big Drop
(DBN)

Every State Sees Double-Digit Bankruptcy Growth
(DBN)

Arizona led bankruptcies in 2009
(DBN)

South Florida bankruptcies rose 28 percent last year
(DBN)

Bankruptcies rose 22.5% in Eastern NC
(DBN)

Inland Northwest bankruptcy filings soared in '09
(DBN)

SD one of five states below national average for bankruptcy filings
(DBN)

Bankruptcy filings rise as job losses, debt, medical bills mount
(DBN)

State's Bankruptcies Climb As Recession Hits the Rich
(DBN)

______________

Finance:

Credit (Bid) Where Credit's Due
(DBN)

Economist Argues Fed Debt Purchases Boost Lending
(DBN)

______________

Health Care:

Proposed settlements at issue in endoscopy case
(DBN)

______________

Credit Cards:

How Visa, Using Card Fees, Dominates a Market
(DBN)

Visa Does Not Issue Cards or Extend Credit
(DBN)

Credit Card Nation: The Financial Pain of Middle Class Women
(DBN)

______________

Fraud:

3rd Circuit Tosses $33 Million Verdict Against Bank, Broker Charged With Aiding Ponzi Scheme
(DBN)

Feds: New Charges Pending Against Rajaratnam
(DBN)

Rothstein Set To Change Plea To Guilty
(DBN)

Rajaratnam Profits Reached $36 Million, US Says
(DBN)

Raj Rajaratnam's Insider Trading Was Worse Than Anyone Thought
(DBN)

In Galleon Cases, Timing Could Be Everything
(DBN)

'Madoff of Colombia' Headed for New York
(DBN)

Judge rules lawsuit against bank involved in Madoff scheme may proceed
(DBN)

Fairfield Greenwich Defendants Move to Dismiss Investors' Billion-Dollar Madoff Suit
(DBN)

Class Action Denied In Madoff-Related Litigation
(DBN)

Bernie Madoff auction in Aspen? Sort of... kind of... maybe...
(DBN)

Alleged Ponzi Mastermind Stanford Pwned in Antigua
(DBN)

Top Stanford Aide Schmoozed Lawmakers, Sweet-Talked Journos
(DBN)

Stanford Clients to Get Back Gold Coins, Judge Rules
(DBN)

Sandlin named in Stanford scheme
(DBN)

Operation Satyam, a job half done
(DBN)

Oxendine Launches Criminal Probe, Compares Company's Books to Enron
(DBN)

______________

Museums:

Fresno Met to close immediately
(DBN)

______________

Aviation:

Mesa Air Group files for bankruptcy, to cut fleet
(DBN)

Mesa Air Allowed to Pay Fuel Suppliers, Employees
(DBN)

Some more details from Mesa Air's bankruptcy filing
(DBN)

Statement by the Mesa Air Group Unit of the Air Line Pilots Association
(DBN)

Bombardier jet orders at risk from Mesa bankruptcy
(DBN)

Mesa bankruptcy a long time coming
(DBN)

JAL's Biggest Creditor Supports Bankruptcy Option
(DBN)

Prepackaged bankruptcy option sought after for JAL: Report
(DBN)

JAL wary of bankruptcy, government cooling on bailout
(DBN)

PwC fights to clawback cash for FlyGlobespan
(DBN)

______________

Religion:

Diocese appeals bankruptcy court rulings
(DBN)

______________

Radio:

WKRS radio parent files for bankruptcy
(DBN)

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Distressed Investing:

2009 - What a Year for Distressed Debt!
(DBN)

______________

UK:

British ruling party may face bankruptcy
(DBN)

Judge closes credit card loophole
(DBN)

M&S slumps as London weakens
(DBN)

Only 13,000 take up NDO, PwC predicts
(DBN)

KPMG bill £2m for Aero Inventory administration
(DBN)

Top lawyer is new President of TMA
(DBN)

Northern Rock Finishes Good Bank, Bad Bank Split
(DBN)

______________

Canada:

Crisis from 'super-sized finance' looms
(DBN)

______________

Germany:

German Unemployment Falls as Export Outlook Brightens
(DBN)

______________

Iceland:

Iceland Vetoes Icesave Compensation
(DBN)

Icesave veto could freeze Iceland's EU hopes
(DBN)

Iceland Should Have Stuck to Fishing
(WSJ: separate paid subscription required)

Iceland's ratings cut as president vetoes bill
(DBN)

UK Treasury: Confident Iceland Will Work To Win OK For Debt Deal
(DBN)

Britain threatens to freeze Iceland out of EU
(DBN)

It’s War With Iceland. Will Brown Invade?
(DBN)

______________

Netherlands:

Van der Moolen to Auction Statuettes, Cars in Bankruptcy Sale
(DBN)

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Denmark:

2009 sees record number of bankruptcies in Denmark
(DBN)

______________

Middle East:

Dubai real estate is the real desert
(DBN)

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