July 13, 2010

The Daily Bankruptcy News

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Law:

Law School Applicants Up 3%, Lawyer Positions at Top Firms Down 4%
(DBN)

Why the Kids Are Heading to Law School, Despite the Lousy Outlook
(DBN)

So You’re a CPA Thinking About Law School
(DBN)

Ex-Client Claims DLA Piper's Advice Led to Bankruptcy
(DBN)

"Recent graduates do not apply"
(DBN)

What One Mizzou Grad Learned in Law School
(DBN)

The 2010 Midsize Hot List
(DBN)

Are You Dunzo With Biglaw? Four Ways to Know When It's Time To Go
(DBN)

Show Me the Money — Not Work/Life Balance
(DBN)

D.C. Fights $3.1 Million Fee Request in High Court Gun Case, Says Publicity From Case Should be Bonus
(DBN)

Federal Judge Tosses Class Action Against Epstein Becker, Sheppard Mullin
(DBN)

Wurtzel on the Bar Exam: ‘The First Thing That Has To Go’
(DBN)

Ex-Law Student Files New $1M Suit Against Lawyer in Prove-Me-Wrong Dare
(DBN)

As Jury Deliberates in 45-Count Case, Ex-Attorney Takes Plea Deal
(DBN)

Despite $600K Oversight Role, Law Firm Missed Dual Hats Worn By Attorney-Developer
(DBN)

Lawyer Under Fire for Sending $15K/Month in Legal Support Work to Own Firm
(DBN)

Judge Slashes ‘Excessive’ $675K Award in Music Download Case to $67.5K
(DBN)

Are You a 'Lawyer' or an 'Attorney'?
(DBN)

Biglaw Perk Watch
(DBN)

'Magic' iPad proves popular with lawyers
(DBN)

2nd Circuit Spares Attorney Arbitration in Suit Over Law School Loan
(DBN)

What Elite Kindergarteners Can Teach You About Job Offers
(DBN)

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Judges:

Judges Say Litigants Are Increasingly Going Pro Se—at Their Own Peril
(DBN)

Senators Probe for Kagan Weak Points, While Ex-Editor Hits Her Pronunciations
(DBN)

Sonia Sotomayor to Publish Memoir with Knopf
(DBN)

Off the Bench, Sotomayor Signs Autographs, Cautiously Answers Nosy Reporters
(DBN)

5th Circuit's shameful disappearing act
(DBN)

20% of Supreme Court Docket Involved Lawyering Cases in Legal Ethics ‘Revolution’
(DBN)

The remarkable judge who struck down the Defense of Marriage Act
(DBN)

Porteous ex-aide loses suit over firing
(DBN)

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Wall Street:

Wall Street Manages to Continue Win Streak
(DBN)

Why Is Wall Street Adding Workers?
(DBN)

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Layoffs:

Fighting Unemployment With a Stick
(DBN)

Analysis: How 2 Million Lost Jobless Benefits
(DBN)

The Unemployment Rate Race
(DBN)

The 8 Lowest Paying Jobs in America
(DBN)

Unemployment Extension: Welfare Lines Getting Longer As Benefits End
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Credit Reporting:

More Americans' credit scores sink to new lows
(DBN)

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Accounting:

US investors demand communication with auditors
(DBN)

The Way Things Are Going, Eventually No One Will Have to Comply with Sarbanes-Oxley Section 404
(DBN)

For Starters, PwC Pays Their Attorneys a Lot of Money
(DBN)

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Retailing:

Texas pension system to invest $500M in General Growth
(DBN)

General Growth Properties Files Plan of Reorganization and Disclosure Statement
(DBN)

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Corporate Reform:

Scott Brown to vote 'yes' on financial reform
(DBN)

How Democrats get to 60 on Wall Street reform
(DBN)

Masters of Main Street - The auto dealers
(DBN)

Paulson Likes What He Sees in Overhaul
(DBN)

Agency has teeth, Warren says
(DBN)

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Tax:

Second Circuit holds that equity owners in leveraged lease agreements are entitled to assert bankruptcy claims for tax losses
(DBN)

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Celebs:

Teresa Giudice is facing foreclosure
(DBN)

Real Housewives of New Jersey Bankruptcy
(DBN)

Mel Gibson Can Keep His Life but His Freedom is Probably Going to be Taken Away
(DBN)

Usain Bolt in dash from the taxman
(DBN)

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Newspapers:

Scotts Valley Press Banner parent files Chapter 11 bankruptcy petition to ...
(DBN)

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Financial Advisors:

Former Stanford Adviser Chris Collier Files Chapter 7 Bankruptcy
(DBN)

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Food/Drink:

IHOPs in Buffalo, Orchard Park to shut as bankruptcy dismissed
(DBN)

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Pensions:

Fisher to testify about Delphi retirees' losses
(DBN)

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Hotels:

Gramercy Park Hotel Loan on Block?
(DBN)

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Economy:

IMF: Little Risk of Double Dip Recession
(DBN)

Dropping a dime on Treasury-Goldman chats
(DBN)

75-hour workweek the new normal?
(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:

US agency issues subpoenas on private mortgage bonds
(DBN)

Goldman Sachs, Citigroup Sued Over Subprime Loans
(DBN)

Lawyer convicted of mortgage-rescue fraud
(DBN)

Are the Rich More Likely to Default on Their Mortgages?
(DBN)

Why Mortgage Rates Vary So Much
(DBN)

Getting Rid of Nonrecourse Mortgages?
(DBN)

Subprime Lending is Dead; Long Live Subprime Lending?
(DBN)

How To: Turn Around a Struggling Property
(DBN)

Is Commercial Real Estate Bouncing Back?
(DBN)

Commercial real estate prices reaching one third 2007 rates
(DBN)

CMBS Delinquency Rate Slowed In June
(DBN)

Office Vacancies In Greater Hartford At 19.1 Percent In Second Quarter
(DBN)

15 Texas Homeowners Sue Bank of America for Abusive Practices – Don’t Mess With Texas
(DBN)

80 Broad lender says he's foreclosed on Kent Swig
(DBN)

18 Cities Whose Suburbs Are Rapidly Turning Into Slums
(DBN)

REO Investors Sue for Losses in Alleged Scam
(DBN)

HUD May Deny More Filed FHA Claims, DBRS Warns
(DBN)

Los Angeles Stiffens Foreclosure Penalties
(DBN)

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Oil/Gas:

U.S. Issues Revised Drilling Ban
(DBN)

BP's runaway well puts an industry on hold
(DBN)

Rule changes could make Gulf a lonely place
(DBN)

BP Starts Test on Stopping Leak From Gulf Well
(DBN)

As BP gets closer to sealing leaking well, the stakes get higher
(DBN)

BP Says New Cap Installed
(DBN)

BP Cuts Payments on 40,000 Claims
(DBN)

BP settlements are gamble for Gulf Coast victims
(DBN)

Why would Exxon want to buy BP's problems?
(DBN)

Exxon BP? Chevron BP? Not so fast
(DBN)

Could India's Reliance buy BP?
(DBN)

BP assets worth risk of indigestion for Apache
(DBN)

In BP’s Record, a History of Boldness and Costly Blunders
(DBN)

A Slow Start for Obama’s Oil Spill Commission
(DBN)

Kerkorian Sitting On $700 Million Loss In Delta Petroleum
(DBN)

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Finance:

Bernanke: $40B in small biz loans disappear
(DBN)

Reasons for Drop in Small-Business Lending Elusive
(DBN)

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Mass Torts:

Circor Puts Asbestos-Plagued Unit Into Bankruptcy
(DBN)

Leslie Controls Seeks Bankruptcy for Asbestos Claims
(DBN)

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Fraud:

Goldman eyes new deadline
(DBN)

Fraud Suspect Faces X-Rated Accusations
(DBN)

Judge: No trust for Rothstein property
(DBN)

Alleged investment fraud files for bankruptcy
(DBN)

Sentencings set for six Petters codefendants
(DBN)

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Hollywood:

Whatever Happened to Baby Miramax?
(DBN)

Tutor Backtracks On Bergstein's Role in Miramax
(DBN)

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Gambling:

Riviera Holdings, Las Vegas Casino Owner, Files for Bankruptcy
(DBN)

New York comptroller warns that NYRA could run out of money
(DBN)

DiNapoli: NYRA Needs Slot Revenue
(DBN)

Greektown Casino sues Papas over $1.5M in gambling debts
(DBN)

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Magazines:

Magazines Are Starting To Come Back To Life
(DBN)

______________

Municipalities:

Cities' Woes Will Linger, Thousands Of Jobs Will Go
(DBN)

New Jersey Assembly Passes Real-Estate Tax Cap in Compromise With Christie
(DBN)

Pittsburgh reports $8.5 million surplus, worsening infrastructure
(DBN)

Here are 4 reasons why Texas beats California in a recession
(DBN)

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Banking:

FDIC Files First D&O Suit of Current Failed Bank Wave
(DBN)

Documents Show Bank of America 'Dollar Rolled' $10 Billion in Debt
(DBN)

F.D.I.C. Gains Power to Investigate Banks
(DBN)

US Firm Sues British Banks
(DBN)

Wells Fargo Stagecoach May Return a Little Lighter
(DBN)

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Debt Collection:

Mom, Are You a Deadbeat?
(DBN)

______________

Turnarounds:

A rare bankruptcy success
(DBN)

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Health Care:

Buyers for St. Vincent's home health programs
(DBN)

______________

Distressed Investing:

Mencher gets back into distressed debt business
(DBN)

______________

Trucking:

YRC Expects to Post Profitable Second Quarter
(DBN)

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New Bankruptcy Opinions
(3 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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Baseball:

New Holdup in Pending Rangers Sale
(DBN)

Judge in Rangers' bankruptcy case confirms negotiator has received threats
(DBN)

Texas Rangers sued by prospective buyers
(DBN)

The Complaint
(DBN)

CRO Filing Indicates Rangers Cooperating with Greenberg/Ryan Suit
(DBN)

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Envelopes:

Gores Group Offers To Buy NEC Holdings
(DBN)

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Lexicon:

The Phraseologist
(DBN)

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Miscellaneous:

Rangers, National Envelope, Spheris, US Concrete, Crucible: Bankruptcy
(DBN)

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Aerospace:

Sea Launch in deal with AsiaSat
(DBN)

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Involuntary Bankruptcy:

Second Circuit affirms district court's power to prevent involuntary bankruptcy filings
(DBN)

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Financial Literacy:

Attorneys and judges to teach financial literacy
(DBN)

______________

Credit Cards:

As consumers slash debt, credit cards boost incentives
(DBN)

Revolving Credit Declines For 20th Consecutive Month
(DBN)

______________

Consumer Credit:

Auto Title Loans, Not So Bad After All--Who Knew?
(DBN)

______________

 

Awards:

Dykema Super Lawyers Named To Corporate Counsel Edition
(DBN)

______________

Private Equity:

Buyout-Backed Bankruptcies? What Buyout-Backed Bankruptcies?
(DBN)

______________

Theme Parks:

Mudslide Prevents 'Ghost Town in The Sky' From Reopening
(DBN)

______________

Autos:

The Cost of Rushing GM?
(DBN)

General Motors' IPO: Why Delay the GM Stock Offering?
(DBN)

Chrysler delays Toledo expansion
(DBN)

Ssangyong Motors extends deadline for takeover bids
(DBN)

How Toyota lost its way
(DBN)

______________

UK:

Business failure levels fall, especially in manufacturing
(DBN)

Credit Managers Expect more insolvencies
(DBN)

Profit warnings drop significantly
(DBN)

Deloitte: Administrations at pre-credit crunch low
(DBN)

Government warns of further tax on bankers’ pay
(DBN)

S&P affirms U.K. AAA rating, negative outlook
(DBN)

Pubs endure stale taste of failure
(DBN)

Rise in lawsuits against solicitors
(DBN)

U.K. consumer inflation slows less than expected
(DBN)

Banks urged to offer bank accounts to bankrupts
(DBN)

Louise Brittain to probe bankrupt Colin Hendry’s finances
(DBN)

______________

EU:

Euro falls broadly on Portugal downgrade
(DBN)

EU Says Withholding Sovereign Risk Will Hurt Banks
(DBN)

ECB Slows Controversial Bond Buying to Near Halt
(DBN)

Now Merkel Wants A Country's Sovereignty In Exchange For Germany's Cash
(DBN)

EU Banking System on the Brink
(DBN)

Could 15% Of European Banks Actually Fail The Stress Tests?
(DBN)

______________

Germany:

German investor confidence falls again
(DBN)

______________

Greece:

Greece Sells Treasury Bills at 4.65%, Less Than Rate EU Wants for Bailout
(DBN)

______________

Canada:

Canada: Economy Already Contracting
(DBN)

______________

Middle East:

Turnaround specialist scents revival in Gulf
(DBN)

______________

China:

Investors Run Into Trouble With Chinese Deals
(DBN)

China's textile firms may face bankruptcy on yuan appreciation
(DBN)

______________

Romania:

New enactment affects directors’ liability during insolvency proceedings
(DBN)

______________

Portugal:

Moody's Cuts Portugal's Debt Rating
(DBN)

______________

Australia:

Insolvency Update June 2010
(DBN)

______________

Ireland:

Little sympathy for FitzPatrick
(DBN)

______________

 

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