July 2, 2010

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Cahill Gordon Gives Out Mid-Year Bonuses
(DBN)

DLA Piper and the Long Road Back to $160K
(DBN)

Profits Per Partner Up 10 Percent at Allen & Overy
(DBN)

Kleinberg, Kaplan Adds Bankruptcy Attorney
(DBN)

Law Firm Mergers On the Rise, But Still Way Behind ‘09 Activity
(DBN)

First-Timers, Familiar Faces Bring Their 'A' Game to the A-List
(DBN)

Restructuring Experts Brace For Gulf Coast Bankruptcy Filings
(WSJ: separate paid subscription required)

21 former Scott Rothstein attorneys cleared by The Florida Bar
(DBN)

Morgan Stanley Names Barron as Chief Legal Officer
(DBN)

Musical Chairs: Frank Barron Leaves Cravath for Morgan Stanley
(DBN)

Former Partner's Lawsuit Against Defunct Wolf Block Survives
(DBN)

Proskauer Wins Landmark Case; Do Employees Lose?
(DBN)

Gone With the Wind
(DBN)

No Quarter Given to Lawyer Who Blew Deadline After Tactical Delay
(DBN)

House Expands Damages Available to Oil Spill Workers
(DBN)

Oil Spill Lawyers Competing Against BP . . . and With the Government
(DBN)

LeBron's Lawyer on Life Inside the James Gang: It's "Mayhem"
(DBN)

Arrest Made in Law Firm Package Hoax
(DBN)

Salary Scale and Recession Survival Tactics for In-House Counsel
(DBN)

Do Georgetown Law Students Heart Twilight?
(DBN)

US judge says Pa. blasphemy law unconstitutional
(DBN)

How to Approach a Meeting With a Legal Recruiter
(DBN)

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Judges:

The Confirmation Process: Is this the Judiciary Committee We Deserve?
(DBN)

When court adjourns, NY judge plays in rock band
(DBN)

Judge sent back to prison for second parole violation
(DBN)

Woman gets 5+ years in judge stalking
(DBN)

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Wall Street:

 

Job worries hurt stocks at start of 3rd quarter
(DBN)

Morgan Stanley Said to Plan Hiring of 500 Bankers
(DBN)

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Layoffs:

Jobless claims climb 13,000 to 472,000
(DBN)

Planned Job Cuts Inch up in June
(DBN)

US Job Availability Jumps Sharply
(DBN)

Is Two Years of Benefits Too Much?
(DBN)

Factory Jobs Return, but Employers Find Skills Shortage
(DBN)

Pelosi: Unemployment Checks Fastest Way to Create Jobs
(DBN)

Drug Makers Shed 35,000 Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Financial crisis panel takes Goldman Sachs to task
(DBN)

Panel Chairman Presses Goldman Sachs on Its Mortgage Bets’ Market Effect
(DBN)

SEC Cuts Off Pay-to-Play for Investment Advisers
(DBN)

Execs Testify on Derivatives' Role in Crisis
(DBN)

How Washington Lobbyists Shaped the Financial Reform Bill
(DBN)

Speculation Grows Over Who Will Head the CFPB
(DBN)

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Labor:

Delta - Northwest merger: one way ticket to new unions?
(DBN)

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Hollywood:

Icahn bid for Lionsgate falls short
(DBN)

Bergstein strikes back at creditors in court
(DBN)

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Aviation:

Cargo carrier Arrow Air bankrupt, to liquidate
(DBN)

Airline Floats Plans for Standing-Room Fares
(DBN)

Japan Air Wins 43.3 Million Yen Rent Cut for Tokyo Headquarters
(DBN)

Govt eyes last-ditch lifeline for JAL
(DBN)

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Packaging:

Smurfit-Stone falls after exiting from bankruptcy
(DBN)

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Lehman:

Hedge Funds, Pension Object to Lehman Bankruptcy Plan
(DBN)

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Payroll Services:

Mirabilis, once biggest payroll-tax-fraud case, now snarls IRS and all involved
(DBN)

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Video Rentals:

Blockbuster says to delist from NYSE
(DBN)

Blockbuster exec: Bankruptcy not off the table
(DBN)

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Economy:

Employment in US Probably Dropped in June on Census Cutbacks
(DBN)

Evidence mounts that recovery is hitting the skids
(DBN)

Liquidity Worsens for the First Time in 15 Months, Moody's Says
(DBN)

Greenspan: Recent Decline Typical of Recession
(DBN)

Fiorina Declares Stimulus Program a Failure
(DBN)

Huge homeless tent city takes root in Hawaii
(DBN)

Six Months to Go Until The Largest Tax Hikes in History
(DBN)

Even The Best-Case Scenario For The Deficit Is Pretty Bad
(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:

Mortgage rates drop to another record low
(DBN)

May pending home sales drop even with low mortgage rates
(DBN)

Pending Home Sales Fall Record 30%
(DBN)

Housing Market Staggers as Tax Credit Expires
(DBN)

Why Plummeting Home Sales Matter
(DBN)

Home tax credit extension relieves tardy buyers
(DBN)

When did we forget that subprime loans caused all of this?
(DBN)

Maryland’s Foreclosure Mediation Law Takes Effect
(DBN)

Short Sale Discounts Vary Widely from State to State
(DBN)

D.R. Horton outlook upgraded by Fitch
(DBN)

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Autos:

June steady but soft for auto industry as sales dip from May
(DBN)

GM sales drop 13 percent but rise year-over-year
(DBN)

GM says China sales overtake US for first time
(DBN)

Ford sales up 15% on strong Mustang, Super Duty sales
(DBN)

Chrysler sales jump 35%
(DBN)

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Oil/Gas:

BP could be ripe for takeover
(DBN)

Should Exxon buy BP ?
(DBN)

Odds are, BP to get new CEO this year
(DBN)

White House: Revised drilling ban coming ‘in the next few days’
(DBN)

BP seeking more funds to deal with spill
(DBN)

The Case Against Ken Feinberg
(DBN)

Senate GOP will lift block on subpoena power against BP
(DBN)

Why Are Republicans Running Defense for BP ?
(DBN)

Doc Shows BP Ignored Own Advice In Finishing Doomed Well
(DBN)

BP Criminal Charges in Oil Spill May Be Foregone Conclusion, Analysts Say
(DBN)

Gulf business owners say BP is 'nickeling and diming' them
(DBN)

Crist requests second round of tourism marketing support from BP
(DBN)

Oil 'super skimmer' comes to BP's aid
(DBN)

Hurricane Alex hampers gulf skimming operations, officials say
(DBN)

Hurricane could suspend oil capping for two weeks
(DBN)

BP relief wells may be completed in July
(DBN)

Hurricanes May Be Good for Gulf Oil Spill, Experts Say
(DBN)

What's so bad about the biggest Gulf spill ever?
(DBN)

BP Spill Is `Game Changing' for Industry
(DBN)

Lesson from the Gulf oil spill: Listen to the locals
(DBN)

14 seafood businesses sue BP in Jefferson County
(DBN)

Legal Help for the Gulf's Vietnamese Fishermen
(DBN)

Environmental groups ask Obama to permanently halt offshore drilling
(DBN)

Jones Act of 1920 continues to slow BP Gulf oil spill clean-up
(DBN)

First major oil spill bill passed by House
(DBN)

Senate Committee Moves Bill To Lift Oil Spill Liability Cap
(DBN)

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Fraud:

Ponzi Prosecutors Fear Attorney Fees May Bleed Estate Dry
(DBN)

US judge detains Pa. hoax mom for fraud trial
(DBN)

Next in Rothstein scandal: Rosenfeldt
(DBN)

Ex-Ahold Executive Gets Fraud Conviction Thrown Out
(DBN)

Full repayment seems unlikely in the Estate Financial bankruptcy case
(DBN)

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Religion:

Amid Abuse Scandal, Focus of Church Drifted Away
(DBN)

Latest angle in Catholic Church sex abuse suits: fraud
(DBN)

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Celebs:

Antoine Walker Pleads Not Guilty In Las Vegas Casino Fraud Case
(DBN)

Blagojevich trial: Ex-guv, wife spent heavily on upscale clothes, IRS agent testifies
(DBN)

Dermontti Dawson files for bankruptcy
(DBN)

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Finance:

Spain and BP: Debt markets embrace the ugly
(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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Baseball:

Restructuring Officer Recommends Bidding Be Opened Back Up for Texas Rangers
(DBN)

Texas Rangers auction recommended
(DBN)

Will the Texas Rangers be auctioned off like a herd of cattle?
(DBN)

Source: Rangers headed to one-day auction
(DBN)

Roll of the dice pays off for Rangers
(DBN)

Rangers bidders invited to mediation
(DBN)

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AIG:

Panel Questions Pricing Role of Goldman and AIG
(DBN)

Goldman Says Claims on AIG Were Legitimate
(DBN)

Robert Benmosche: Chairman Goes or I Go
(DBN)

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Awards:

Munger, Tolles & Olson Scores A-List Hat Trick
(DBN)

Weil Places Among The American Lawyer’s A-List Firms
(DBN)

Ulmer & Berne Receives Top Rankings in Chambers USA
(DBN)

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Banking:

Next wave of U.S. bank mergers may be on horizon
(DBN)

U.S. Treasury Sells 1.1 Billion Shares of Citigroup Common Stock
(DBN)

ShoreBank still in running for TARP funds despite end of program
(DBN)

Banks now need your permission to charge overdraft fees
(DBN)
d

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Directories:

Truvo USA files bankruptcy, lenders to take over
(DBN)

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Newspapers:

Philadelphia Newspapers Union Fund Asks Judge to Halt Exit From Bankruptcy
(DBN)

Bankruptcy Judges Gives Tribune Examiner More Time
(DBN)

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Municipalities:

Despite fiscal woes, Central Falls pays back loan
(DBN)

How Fishkill Can Avoid Bankruptcy
(DBN)

Paterson backpedals on NY hedgie tax
(DBN)

California budget deadline passes without a budget
(DBN)

Nevada a bigger loser than California in economic downturn
(DBN)

Will School Districts Go Bankrupt?
(DBN)

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Horse Racing:

Zayat Stables, owner of winning horses, to exit bankruptcy
(DBN)

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Media:

Sacramento media mogul moves to pull plug on radio, TV stations
(DBN)

Pecker's tight squeeze
(DBN)

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Retailing:

18 Riskiest Retail Stocks
(DBN)

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Accounting:

PwC appoints 38 new partners
(DBN)

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IP:

Third Circuit Decision Suggests Another Way For Trademark Licensees To Protect Against License Rejection In Bankruptcy
(DBN)

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Rail:

Railroads Outpace Truckers in Recovery
(DBN)

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Chemicals:

Chemtura Corporation Keeps Rolling Down
(DBN)

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Financial Advice:

Financial Advisors Changing Strategies
(DBN)

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UK:

Ex- BP CEO Given High-Profile Role in British Government
(DBN)

Consortium buys seven Vantis offices
(DBN)

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China:

China Raises 2009 Growth Estimate to 9.1% From 8.7%
(DBN)

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Spain:

Spain jobless claims fall a third straight month
(DBN)

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Czech Republic:

No. of insolvency petitions up by 83% in H1 yr/yr
(DBN)

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