July 1, 2010

The Daily Bankruptcy News

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Law:

Aiming for BigLaw? You May Want a Different Target, Happiness Researcher Says
(DBN)

Attorneys Gear Up for Federal Financial Reforms
(DBN)

WASP Law Firms Finally Dead?
(DBN)

A Partner Exodus from White & Case?
(DBN)

Man Pleads Guilty to Scam Using Dewey & LeBoeuf Name
(DBN)

Will Bracewell & Giuliani Client Prove to Be Oil Spill Savior?
(DBN)

White & Case wins lead role as creditors question Lehman reorganization plan
(DBN)

Scottie Pippen Scores $2M Verdict in Law Firm Malpractice Case
(DBN)

Levene, Neale, Bender, Rankin & Brill Becomes Levene, Neale, Bender, Yoo & Brill
(DBN)

Halliwells partners could face £10m joint liability to banks
(DBN)

Haynes and Boone New York Doubles Space in Move to 30 Rock
(DBN)

Discrimination Suit Against Ballard Spahr Gets New Life
(DBN)

Solo Lawyer & Office Manager Wife Accused of Stealing $2M From Guardianship Clients
(DBN)

Lawyer fights for his license in legal practice quagmire
(DBN)

Global In-House Salary Survey: U.S. Headcounts Hit, Salaries Flat
(DBN)

In-House Counseling: Splitting Hairs
(DBN)

Don't Just Find a Mentor, Be One
(DBN)

Owner Pulls Plug on Pacific Law Firm
(DBN)

Plaintiffs’ Counsel Gripes About Akin Gump, Ballard Spahr Fees
(DBN)

Fordham Students Left With Bitter Taste in Their Mouths After Dean Treanor’s Departure
(DBN)

A MoFo Attorney Tries to Capitalize on the Art of Contract Law
(DBN)

Law Firm Launches iPhone App
(DBN)

New Bar Exam Riles India's Law Grads
(DBN)

‘Don’t Taze My Granny’
(DBN)

Lawyer Claims Alleged Prostitute Harassed Him
(DBN)

Law Firms Can Monitor Finances to Help With Growth Opportunities
(DBN)

The Sullivan & Cromwell Insane Asylum
(DBN)

Father Seeking Child Custody Ordered to Get Counseling for 'Deplorable Beliefs'
(DBN)

Dallas store sells U.S. flag with 61 stars
(DBN)

Good Reason to Kill #7
(DBN)

Woman blames vampire for crashing car
(DBN)

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Judges:

Marker named to bankruptcy judgeship
(DBN)

Sessions to Kagan: Tell Us About Appealing ‘Don’t Ask, Don’t Tell’ Cases
(DBN)

Confirmation all but sure, Kagan ends testimony
(DBN)

On Final Day of Questioning, Kagan Refuses to Define Her Views
(DBN)

Top Five Elena Kagan Quotes from Day 3 of Her Supreme Court Confirmation Hearings
(DBN)

Recuses Herself From Vampire v. Werewolf
(DBN)

Will Kagan Give Scalia a "Run for His Money"?
(DBN)

A Supreme Court Nominee Walks Into a Bar…
(DBN)

To Cite or Not to Cite? Senators, Kagan, Spar Over Foreign Law
(DBN)

Meet Irving, the Kagan Who ‘Knows Everything’
(DBN)

Today’s Metaphors: Kagan Advises Democrats About Being an Actor and an Umpire
(DBN)

Roberts Takes ‘Dominant Role,’ Was Justice Most Often in Majority
(DBN)

Suspension Urged for Lawyer Who Called Judge a ‘Narcissistic, Maniacal Mental Case’
(DBN)

Suspicious Package Closes Federal Courthouse
(DBN)

Courts in Brownsville close as Hurricane Alex advances
(DBN)

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Wall Street:

Stocks seen falling at open
(DBN)

World stocks down on Europe, China growth doubts
(DBN)

Stocks end rough quarter with more questions
(DBN)

US Stocks Drop as S&P 500 Posts 12% Loss for Second Quarter
(DBN)

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Layoffs:

Jobless Claims Show American Job Machine Sputtering in Recovery
(DBN)

House rejects extension of jobless benefits
(DBN)

Senate fails to restore some jobless benefits
(DBN)

1.3 million unemployed won't get benefits restored
(DBN)

Employers Only Add 17,000 Jobs in June
(DBN)

Teachers to Lose Positions, Keep Pay
(DBN)

CA job vacancies plunge sharply in June
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM: To Bankruptcy And Back Again
(DBN)

Union agrees to talks with GM plant bidder
(DBN)

Chrysler wins arbitration case
(DBN)

Ford unburdens $4 billion in debt
(DBN)

Edmunds: Average Prices Of Used Vehicles Rising, Led by GM
(DBN)

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Packaging:

Smurfit-Stone Emerges From Bankruptcy , Lists on NYSE
(DBN)

Smurfit CEO says company not looking to be sold
(DBN)

PBGC Hails Saved Pensions at Reorganized Smurfit-Stone Container Corp.
(DBN)

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Accounting:

Will Auditors Ever Answer to Investors for Aiding and Abetting?
(DBN)

D.C. Circuit Gives DOJ Hope in Deloitte Discovery Dispute
(DBN)

KPMG Resolves Lawsuit with New Century
(DBN)

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Newspapers:

Sam Zell Just Pulled The Needle Off The Record
(DBN)

Tribune Co.'s Zell: 'All bankruptcy scenarios are difficult'
(DBN)

The future of newspapers via Sam Zell
(DBN)

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Education:

Durbin warns of for-profit colleges rip offs
(DBN)

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Theme Parks:

Court levies $14M judgment against Freestyle
(DBN)

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Pensions:

Nortel Networks to kill retiree benefits Aug. 31
(DBN)

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Celebs:

Celebrity Lawyer Didn't Timely Pay $400K in Taxes, But Hopes to Keep Law License & Avoid Prison
(DBN)

Michael Jackson's Housing Debt Weighs on Estate, Heirs
(DBN)

Suit threat for Lane over Dykstra book
(DBN)

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Sovereigns:

Governments Move to Cut Spending, in 1930s Echo
(DBN)

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Software:

Strategic Labor, Inc. files for Ch. 11
(DBN)

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Directories:

Truvo USA LLC files for bankruptcy protection
(DBN)

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Economy:

Jobs Market Barely Budges in June as Hiring Stays Weak
(DBN)

Global Manufacturing Shows Weakening From China to Europe
(DBN)

Fed Officials Avoid Talk of Further Stimulus to Stoke Growth
(DBN)

Betting That Cutting Spending Won’t Derail Recovery
(DBN)

Old Economy Leading the Recovery For Now
(DBN)

The Complete History Of Each State's Boom, Bust, And Recovery
(DBN)

National debt soars to highest level since WWII
(DBN)

Federal debt reaching alarming rate, congressional budget officer warns
(DBN)

America's Debt Problem Will Be Fine If Politicians Just Do Absolutely Nothing
(DBN)

8 Ways the Recession Has Changed Us
(DBN)

US: Recession Hit Half of Working Adults
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

A third of Illinois home sales distressed property
(DBN)

40 percent of Florida homes sales are foreclosures
(DBN)

Mortgage Modifications: Why a Third Are Canceled
(DBN)

Mortgage Delinquencies Drop For Fourth Consecutive Month
(DBN)

Weekly Mortgage Applications Soar on Record Low Rates
(DBN)

US Congress backs home tax credit extension
(DBN)

Energy Savers, Loan Losers
(DBN)

Manhattan Apartment Sales Jump 80% as City Employment Improves
(DBN)

Fannie Mae Mortgage Portfolio Passes $800bn in May, Cleared to Fund More ‘Dead Assets’
(DBN)

Talf retires as savior of securitization
(DBN)

Golf course homeowners face tough choice
(DBN)

Carinalli: Creditors will get 10 to 56 cents on the dollar
(DBN)

Opus West Granted Permission to File Amended Complaint Alleging Self-Dealing and Adding Mark Rauenho
(DBN)

Chiron Properties files for Chapter 11
(DBN)

Is Strategic Default Immoral
(DBN)

Mortgage Walk-Away Not Favored, Even by Borrowers in Need
(DBN)

Should Lenders Go After Borrowers Who ‘Walk Away’?
(DBN)

Mortgage Rescue Crackdown Continues In New York
(DBN)

Illinois sues Countrywide over subprime loans
(DBN)

New Home Builders Keep Building, Despite a Rocky Time
(DBN)

Builder Price Cuts Could Delay Sector’s Recovery
(DBN)

Golden State: Builder Raises Cash With Eye on California Recovery
(DBN)

Miami's Platinum condo files Chapter 11
(DBN)

Homeowners Association That Evicted U.S. Soldier Gets Death Threats
(DBN)

BofA and Fannie Mae Illegally Foreclose on Michigan Cancer Victim
(DBN)

General Growth challenging Howard Hughes heirs over Summerlin payments
(DBN)

$2.3 Billion in Troubled CMBS Loans Coming Due Over Next 6 Months
(DBN)

Investors Snap Up High-Quality Multifamily Properties as Rents, Occupancy Improve
(DBN)

Developer with several Near Loop properties files for bankruptcy
(DBN)

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Lehman:

Hedge Funds Battle Lehman Bankruptcy Plan
(DBN)

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Hockey:

Phoenix Coyotes ownership saga drags on in Glendale
(DBN)

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Hollywood:

Bergstein Claims Pending Involuntary Bankruptcy Is Damaging Companies
(DBN)

MGM Bankruptcy Stalls 'Three Stooges', 'Robocop' and More
(DBN)

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Retailing:

General Growth wants Ch. 11 plan extension
(DBN)

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Fraud:

Judge to Hecker: prepare for 2 trials
(DBN)

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Health Care:

Sumner: Hospital is ours, not LifePoint's
(DBN)

Medical Staffing expects Chapter 11 on July 2
(DBN)

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Awards:

Greenberg Traurig's Business Reorganization and Bankruptcy Practice Receives Chapter 11 Reorganization of the Year Award
(DBN)

Four McKool Smith Principals Named to Lawdragon 500
(DBN)

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Resorts:

Lehman Hot Springs auction postponed
(DBN)

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Oil/Gas:

Influential Lawmaker Suggests Temporary Drilling Ban On BP
(DBN)

Hearing Held for BP Claims
(DBN)

Claims warning for BP oil spill victims
(DBN)

Class Claims BP Has Corrupted Claims Process with Bogus Lawyers
(DBN)

Feinberg plans 6-month payments for BP spill victims
(DBN)

The Nasty $272 Million Bill BP Sent To Anadarko
(DBN)

Uh-Oh, Looks Like Anadarko Was Involved In Gulf Well Design
(DBN)

What penalties might BP face for the Gulf spill?
(DBN)

Gulf claims administrator talks of 'tough' calls
(DBN)

BP Oil Spill Cleanup on Hold as Hurricane Alex Heads Toward Mexico and South Texas
(DBN)

Hurricane Alex forces 12 percent of Gulf of Mexico platforms to evacuate
(DBN)

Hurricane Alex Pushes "Worst Oil" Ashore; Cleanup Slowed
(DBN)

BP didn't consider hurricanes in its response plan
(DBN)

Fishing Ban in Gulf of Mexico Expanded
(DBN)

BP spill nears a somber record as Gulf's biggest
(DBN)

BP still needs weeks on relief well - Salazar
(DBN)

BP Solution: Just Blow It Up?
(DBN)

BP shares up nearly 2% on 'M&A fantasy'
(DBN)

BP should say goodbye to its US operations
(DBN)

Gulf Coast cos. may need to pay tax on BP money
(DBN)

The boom and gloom Louisiana economy
(DBN)

US Fines BP for Misreporting Gas Production
(DBN)

TNK- BP says it may buy some BP assets if on sale
(DBN)

BP Killing Sea Turtles in Spill-Containment Burns, Lawsuit Says
(DBN)

Obama slams Republicans over BP 'apology' and economy
(DBN)

Salazar Supports Increased Penalties for Oil Industry
(DBN)

Poll: 'A Favorable View of B.P.?'
(DBN)

No working phone number gets BP claim denied
(DBN)

Would BP's CEO Have Been Executed In China?
(DBN)

Efficiency trumped safety at BP despite CEO rhetoric
(DBN)

Crist requests another $50M from BP for tourism marketing
(DBN)

BP Now Hit with Mental Health Claim
(DBN)

Web campaign vows to blast BP with vuvuzelas
(DBN)

Could The Deepwater Horizon Tip Over, Break The Ground, And Release A 3 Billion Barrel Oilpocalypse?
(DBN)

Trident Completes Financial Restructuring and Emerges From Bankruptcy Protection
(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 Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Cross-Border:

Metcalfe: a bold reaffirmation of Chapter 15ýs reach
(DBN)

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AIG:

Figure in AIG Crisis Testifies
(DBN)

Documents Show Goldman Pressure on A.I.G.
(DBN)

Contract Law in New AIG-Goldman Twist
(DBN)

US lawmakers amazed at ex-AIG boss Martin Sullivan's ignorance
(DBN)

Ex-AIG's Cassano Says Bailout Was Too Generous
(DBN)

AIG’s Cassano Says He Told PwC Everything
(DBN)

Joe Cassano’s Testimony: AIG CDS Worked Just Fine
(DBN)

Financial commission member compares AIG to BP
(DBN)

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Baseball:

Bankruptcy distracts from Texas Rangers' on-field success
(DBN)

Hicks Drew Salary, Expenses from BK Rangers
(DBN)

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Aviation:

Arrow Air grounded after 57 years
(DBN)

JAL To Start Talks With Banks Over Extra Financial Aid
(DBN)

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Banking:

Banks Not out of the Woods
(DBN)

Chicago banking; Chicago-based banks still losing money
(DBN)

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Religion:

Can Bankruptcy Save The Church?
(DBN)

Vatican attorney comments on Supreme Court decision
(DBN)

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Fraud:

Has the SEC's Civil Suit Against Goldman Cost It Clients?
(DBN)

Gary Cohn Testimony: Goldman Didn't Bet Against Clients
(DBN)

Former Madoff Market Maker Yields Trickle for Victims
(DBN)

RICO Suit for Citi and Con Man Viola
(DBN)

ACPERA: DOJ Corporate Leniency\
(DBN)

Judge will sentence Petters defendants in August
(DBN)

Private school leaders sued for fraud after bankruptcy filing
(DBN)

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Exemptions:

Stick to Your Guns
(DBN)

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Corporate Reform:

Financial Overhaul Wins Final Approval in House
(DBN)

FinReg Passes House But Senate Looms Ahead
(DBN)

Reid says no vote on financial overhaul bill until after July 4 recess
(DBN)

After years of abuse, consumers get some help
(DBN)

The Beginning of a Return to Consumer Protection?
(DBN)

The Failure of Financial Reform, Itemized
(DBN)

Berkshire May Be Required To Post Up To $8 Billion In Collateral
(DBN)

Inside the Financial Reform Bill
(DBN)

Wall Street reform bill needed to prevent another crash and recession, Obama says
(DBN)

Volcker Said to Be Disappointed With Final Version of His Rule
(DBN)

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Miscellaneous:

AbitibiBowater, National Envelope, Lehman, General Growth: Bankruptcy
(DBN)

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Municipalities:

Vallejo Bankruptcy Leaves Bondholders Waiting
(DBN)

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Financial Advisers:

Nearly 50 Broker-Dealers slapped with trustee's private-placements suit
(DBN)

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Food/Drink:

Restaurant Index Softened In May
(DBN)

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Envelopes:

National Envelope gets $140 mln Cenveo buyout bid
(DBN)

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Gambling:

Greektown Casino Hotel emerges from Chapter 11 bankruptcy
(DBN)

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Equipment Rental:

Neff Corp. Wins Court Approval to Borrow $175 Million
(DBN)

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Debt Collection:

Collecting Judgments During Appeal
(DBN)

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Finance:

Duke Says Return to Pre-Crisis Lending May Take Years
(DBN)

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UK:

U.K. factory growth pace sees slight June slowdown
(DBN)

UK Cuts Will Slash 550K Jobs by 2015
(DBN)

Vantis enters administration
(DBN)

Stanford liquidators fight to stay on after Vantis MBO
(DBN)

Ernst & Young pays fine, costs to settle Equitable Life investigation
(DBN)

Royal Mail's £65m advisers bill as 50,000 jobs are axed
(DBN)

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EU:

ECB loans suggest banks' cash needs easing
(DBN)

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China:

China tort law set to trigger surge in claims
(DBN)

China manufacturing PMI shows growth cooling
(DBN)

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France:

French public debt hits 80% of GDP
(DBN)

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Ireland:

Irish Economy Resumes Growth, Unemployment Rises
(DBN)

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Iceland:

The Icelandic Post-crisis Miracle
(DBN)

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Venezuela:

Venezuela govt to seize 11 US-owned oil rigs
(DBN)

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Spain:

Day 3: Spain metro strike continues over austerity
(DBN)

Moody's Warns It May Downgrade Spain
(DBN)

Spanish Bonds Fall on Possible Moody's Cut as Nation Sells Debt
(DBN)

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Japan:

Business confidence in Japan at 2-year high
(DBN)

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Germany:

German Unemployment Falls for 12th Month
(DBN)

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Latin America:

Economies in Latin America Surge Forward
(DBN)

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