January 7, 2010

The Daily Bankruptcy News

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Law:

The Year Wasn't So Bad for Law Firms in the Second 100
(DBN)

Litigation Department of the Year, Labor & Employment: Paul Hastings
(DBN)

Duane Morris Names Two New Bankruptcy Partners
(DBN)

Linklaters advises PwC on deal to return assets to Lehman clients
(DBN)

Growing Midsize Firm Pays Big Bucks, Targets ‘Core Industries’
(DBN)

The Agent Zero Chronicles: A Gun-Toting, Punch-Throwing Look at Sports in the Law
(DBN)

The Axeman
(DBN)

The Value of a Law Degree
(DBN)

Associate Bonus Watch: Munger, Tolles & Olson
(DBN)

Despite Rumors, NY BigLaw Firm Keeps the Home Fires Burning With New 15-Year Lease
(DBN)

NY Firm Hit With Anonymous Allegation of Skullduggery by Lawyer Claiming to Be Former Staffer
(DBN)

Ex-NY BigLaw Associate Disbarred for Insider Trading
(DBN)

Is 'Attorney' Still a Good Job?
(DBN)

Pls Hndle Thx: The Dawning of the Age of Aquarius?
(DBN)

Law firm mergers fall 24% in 2009
(DBN)

Are Law Firm Mergers Up or Down?
(DBN)

Boies’s Bargain The legendary litigator snaps up an $8 million apartment
(DBN)

New year brings new leaders at Chicago law firms
(DBN)

Almost 1/3 of Law Students Expect to Graduate with $120K Debt
(DBN)

Debt: The Silent Killer
(DBN)

Pls Hndle Thx: The Dawning of the Age of Aquarius?
(DBN)

Shackled Scott Rothstein tells judge he'll plead guilty in Ponzi scheme
(DBN)

Seeing $$ Signs Goes From Good to Bad for GCs at Bailed-Out Companies
(DBN)

What Is the Big Law 2009 Word of the Year?
(DBN)

Of Am Law 100 Firms, 29 Are Tweeting
(DBN)

Minority Law Student Numbers Dip as Law School Capacity Rises
(DBN)

Battle Gets Personal Between Prosecutor and Professor
(DBN)

The Attorney and the Jailhouse Lawyer: NY Man Disbarred for Having Convict Do His Lawyering
(DBN)

Former BigLaw Attorney Spends His Mornings Feeding the Homeless
(DBN)

The Year's Most Memorable Lawyer Misbehavior
(DBN)

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Judges:

Judge Draws Censure for Cutting Trial Short
(DBN)

Judge Seeks Contrition, Not Money, from Settling Lawyers
(DBN)

Judge Steps Down Following Flap Over Facebook Ties to Defendant
(DBN)

Pa. Judge's Request for New Sanctions Hearing Denied
(DBN)

Counting Crows Play Wilkes-Barre: New Charges of Justice Run Amok
(DBN)

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Courts:

Calif. Federal Judge OKs Posting of Prop 8 Trial to YouTube
(DBN)

Las Vegas Courthouse Shooting a 'Suicide Mission,' Say Officials
(DBN)

Odd Bankruptcy Angle To Las Vegas Courthouse Shooting
(DBN)

Nationwide courthouse security review
(DBN)

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Wall Street:

European, Asian Shares Decline; US Index Futures Retreat
(DBN)

Europe shares edge up to new 15-mth closing high
(DBN)

Which Wall Street firm will hire Chris Dodd?
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

ADP: 84,000 jobs lost in December
(DBN)

Finance Layoffs & Hirings: Citigroup and more
(DBN)

Compared to Other Rich Countries, U.S. Had Big Job Losses
(DBN)

Where The Jobs Will Be This Decade
(DBN)

Scotia Capital: US Could Create 2M Jobs
(DBN)

Fed's Bullard: US jobless rate to start falling
(DBN)

Census Bureau to Hire 1.2 Million
(DBN)

Lockheed Martin to cut 1,200 jobs
(DBN)

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Autos:

GM CEO predicts profit in 2010
(DBN)

GM: Hundreds of dealership could be restored
(DBN)

Politicians' auto show fly-in adds insult to injury
(DBN)

Welcome to Govt. Motors, Makers of Just 5 of the Top 20 Sellers in 2009
(DBN)

Ex-Delphi salaried await ruling
(DBN)

A Once-Defiant U.A.W. Local Now Focuses on G.M.’s Success
(DBN)

GM, Chrysler Sales Provide Road Map To Struggling Companies
(WSJ: separate paid subscription required)

Spyker said to be General Motors' only candidate to buy Saab
(DBN)

GM not hopeful on Saab deal, proceeds with closure
(DBN)

Saab Postpones Board Meeting as GM Proceeds With Unit Wind-Down
(DBN)

Spyker to Make New Offer for Saab
(WSJ: separate paid subscription required)

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Tax:

UBS Client Sentenced to 5 Years Probation
(DBN)

Report shows IRS has 'unacceptable' customer service
(DBN)

Want tax help? Lots of luck calling the IRS, advocate says
(DBN)

Why It Could Be More Expensive to Do Your Taxes
(DBN)

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Trucking:

YRC Soars: Customers Returning “Aggressively” Says CEO Zollars
(DBN)

YRC Chief Says Bankruptcy 'Not on Our Radar'
(DBN)

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Adult Entertainment:

Las Vegas topless club cites economy in bankruptcy filing
(DBN)

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Biotech:

Vermillion creditors bless reorganization plan
(DBN)

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Banking:

Citigroup sacks taxpayers in title game
(DBN)

Citigroup's John Havens Was Paid $9 Million in 2009
(DBN)

What Used To Be A Crime Is Now Just Banking
(DBN)

FirstFed Financial files for bankruptcy
(DBN)

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Politics:

Could Chuck Schumer Replace Dodd as Banking Committee Chairman?
(DBN)

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Economy:

Fed Minutes Show Division on Emergency Steps
(DBN)

U.S. Service Sector Shows Modest Growth
(DBN)

US Consumption, Spending to Spur Job Recovery, Bullard Says
(DBN)

ADP Says US Companies Cut Estimated 84,000 Jobs
(DBN)

Recovery's durability worries Fed policymakers
(DBN)

Geithner's New York Fed Told AIG to Limit Swaps Disclosure
(DBN)

100 Years of Consumer Spending
(DBN)

Promise to Trim Deficit Is Growing Harder to Keep
(DBN)

Pimco's Bill Gross Sees 2010 as Year of Reckoning
(DBN)

BlackRock's Doll sees US economy outperforming peers
(DBN)

Gen Y-ers got the message from recession
(DBN)

Beginning of the End For Economic Rescue
(DBN)

France best place to live in world; USA drops to #7
(DBN)

Fed Squabbles Over Asset Purchases
(WSJ: separate paid subscription required)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Some Fed officials conflicted on mortgage program
(DBN)

Bankruptcy auction planned for 333 units in Kendall
(DBN)

Opus NW lays off workers but says bankruptcy not in its future
(DBN)

Commercial Real Estate in 2010: Weak Fundamentals and Constrained Liquidity
(DBN)

Shopping Center Receiverships and Foreclosures Usher In New Year
(DBN)

Brooklyn, Fuhgeddaboudit? Not Toll Brothers
(DBN)

Vegas Home Prices Post First Quarterly Gain in 3 Years
(DBN)

Mortgage Insurer Sues Countrywide Finance
(DBN)

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Fraud:

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

More Aiding and Abetting Liability Legislation
(DBN)

Fla. lawyer to plead guilty in $1 bln Ponzi case
(DBN)

With New Allegations, Hot Rajaratnam Case Gets Even Hotter
(DBN)

Kumar to Appear in Manhattan Court in Galleon Case
(DBN)

Satyam was rescued to preserve India's image
(DBN)

Stanford's daughter fights for $1.3 million condo
(DBN)

The catchall fraud law that catches too much
(DBN)

Miami Resident Charged in $55 Million Medicare Fraud Scheme
(DBN)

Man Gets 10 Years for Role in $70M Ponzi Scheme
(DBN)

Why we cheated: Former HealthSouth CFO spills the beans in new book
(DBN)

Executive Sue Sachdeva Spent $31 Million of Her Company’s Money on Clothes
(DBN)

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Retailing:

Walgreen Posts Surprise Drop in Same-Store Sales
(DBN)

The Rim faces financial woes
(DBN)

Bay Area retail centers mired in foreclosures
(DBN)

Online sales rise 4 percent during holiday season
(DBN)

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Aviation:

American Airlines says it would invest in JAL even in bankruptcy
(DBN)

Japan fund eyes $3.3 billion investment in JAL
(DBN)

JAL Plan Calls for $7.9 Billion Cut in Liabilities, Nikkei Says
(DBN)

Business travel lobby opposes ties between Delta and JAL
(DBN)

Miami firm AeroThrust files for bankruptcy
(DBN)

Mesa Air Group Receives Nasdaq Staff Delisting Notice
(DBN)

Mesa, regional airlines face a tough future
(DBN)

Mesa To Drop Aircraft In Chapter 11
(DBN
)

Aero Inventory sale delayed by inaccurate data, say administrators
(DBN)

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Celebs:

Actor Barry Corbin files bankruptcy petition
(DBN)

Donny & Citadel
(DBN)

Polaroid Enlists a Pop Star
(DBN)

Celebrity Recession: Who Lost It All In 2009
(DBN)

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Furniture:

Mattress makers' shares jump on Tempur-Pedic outlook
(DBN)

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Newspapers:

Newspapers argue lenders must reveal debt-holdings
(DBN)

Surry paper ceases publication
(DBN)

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Food/Drink:

Tops bid for Penn Traffic nears
(DBN)

Tops intends to submit bid for most Penn Traffic assets
(DBN)

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Gambling:

Isle of Capri to take over Greektown in Detroit
(DBN)

Station Casinos: Isle of Capri could run casinos
(DBN)

Tropicana Entertainment likely to emerge from bankruptcy this month
(DBN)

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Accounting:

Former Deloitte vice chairman violated firm's trading rules, judge says
(DBN)

BDO cleared of misconduct in XL collapse
(DBN)

IASB releases proposal for liability standard
(DBN)

Nightmare Client of the Day: Lady Gaga
(DBN)

New Clarity on Contingent Liabilities
(DBN)

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Insurance:

D&O Insurance: Investigative and Special Litigation Committee Defense Expense Held Covered
(DBN)

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Environmental:

Sweeping Environmental Liability Under the Bankruptcy Carpet: Fresh Start Is Not Guaranteed
(DBN)

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Debt Collection:

It's Official Mann Bracken the Debt Collector is Out of Business in Georgia
(DBN)

Nine of the country's largest consumer debt buyers will be required to submit information to the Federal Trade Commission about their practices in buying and collecting consumer debt
(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)

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Failure is an Option—The Brilliance of our Corporate Restructuring Regime
(DBN)

Bankruptcy Statistics:

Business Bankruptcy Filings Surge
(DBN)

Business Bankruptcies Rise More Than Individuals’
(DBN)

More Bankrupts Choosing Ch. 7 Over Ch. 13
(DBN)

Wave of Bankruptcies Hits States Hammered by Housing Bust
(DBN)

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Finance:

GMAC, ResCap Bonds Rally on Bailout, Rejection of Bankruptcy
(DBN)

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Mass Torts:

WCI Trust Sues 14 Insurance Companies Over Drywall
(DBN)

Merlin Olsen Says Asbestos Gave Him Cancer
(DBN)

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Credit Cards:

Lawyer Fed Up and Not Paying Up
(DBN)

Looking into the Crystal Ball and Seeing More and More Credit Card Fees
(DBN)

Handicapping The New Card Game
(DBN)

Late Credit Card Payments to Rise
(DBN)

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Corporate Governance:

The Alcon Independent Directors’ Dilemma
(DBN)

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Corporate Reform:

Are Banks Getting Revenge for New Regulations?
(DBN)

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Municipalities:

Underfunded Public Pensions as “Stranded” Costs? Two Trillion Dollars?
(DBN)

New Year but No Relief for Strapped States
(DBN)

Leaner Detroit, Urban Farms Part of Mayor's Plan
(DBN)

California's Schwarzenegger wants more federal money
(DBN)

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Brokers:

CFTC proposes to allow bankruptcy trustees of commodity brokers to operate business in ordinary course
(DBN)

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Lehman:

Lehman's Plan for Claims Draws Fire From Banks
(DBN)

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Telecoms:

Nortel bonds make 'amazing' rebound
(DBN)

Nortel Wins Approval to Auction Internet Phone Unit
(DBN)

FairPoint releases financial report
(DBN)

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Litigation:

Litigation Holds and E-Discovery Demands
(DBN)

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Celebs:

Cream drummer Ginger Baker has no dough (scroll down)
(DBN)

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Pensions:

Federal agency to take over Eddie Bauer pension plan
(DBN)

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Sovereigns:

Sovereign Debt Defaults and Restructuring
(DBN)

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UK:

Labour in panic over debt
(DBN)

Darling's 50% tax fails to curb bonus payouts
(DBN)

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EU:

Eurozone retail sales drop 1.2 percent in November
(DBN)

Euro-zone economic sentiment indicator up in Dec.
(DBN)

European Banks Cut at KBW as Outlook for Growth Is 'Limited'
(DBN)

______________

Canada:

Union calls for probe into Hollinger transactions
(DBN)

Playwright indebted to bankruptcy experience
(DBN)

Canadian Firm Wins Ban on US Suits From ABCP Sales
(DBN)

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Iceland:

Europe Furious over Icelandic Bank Veto
(DBN)

Iceland crisis: what Ashurst and Mishcon advised
(DBN)

Iceland economy minister warns of Icesave fallout
(DBN)

Compromise Needed on Iceland
(WSJ: separate paid subscription required)

Iceland's instability could hurt ratings - Moody's
(DBN)

S&P puts Iceland's ratings on negative credit watch
(DBN)

Iceland split on debt crisis
(DBN)

People of Iceland Versus Global Economic Policymakers
(DBN)

Voters and creditors
(DBN)

Iceland in the age of austerity
(DBN)

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Argentina:

Argentine Debt Exchange Likely to Move Forward, Aberdeen Says
(DBN)

Argentina Fires Central Bank Head Over Debt Plan
(DBN)

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Macedonia:

Macedonia Not Facing Bankruptcy , Minister Says
(DBN)

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Middle East:

A Sure Sign of Excess: The World’s Tallest Building
(DBN)

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Greece:

Greece says needs no bailout, EU visit starts
(DBN)

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Ireland:

Irish eyes aren't smiling on the Emerald Isle
(DBN)

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Australia:

Bankruptcy numbers down in lead-up to Christmas, more cut deals with creditors
(DBN)

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