July 21, 2010

The Daily Bankruptcy News

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Law:

NY BigLaw Dominates, Wachtell Remains at Profession’s Pinnacle in Annual Vault 100 Survey
(DBN)

Vault 100 Law Firm Rankings
(DBN)

Quinn, Susman Both Claim Victory in WaMu Hearing
(DBN)

New Roles for Lawyers
(DBN)

The pupil strikes back
(DBN)

Bankruptcy lawyers on pace for record year
(DBN)

Freshfields to Blur the Meaning of 'Associate'
(DBN)

Townsend and Kilpatrick Kill Talks
(DBN)

Texas is hot -- or at least Porter & Hedges and McKool Smith are
(DBN)

Nationwide Salary Thaw: Happy Happenings at Hogan?
(DBN)

Minneapolis, Where Recent JD's Work For Dirt Cheap And Scrounge Through Garbage Cans
(DBN)

'Fabulous Fab' Response to SEC: Blame the In-House Lawyers
(DBN)

New SEC Disclosure Rules Take Toll on GC Bonuses; Average Drops Below $1M
(DBN)

Suit Says Law Firm ‘Opinion Mill’ Aided Attorney Marc Dreier’s $700M Fraud
(DBN)

Davis Wright, Latham Caught Up In Madoff Drama
(DBN)

Aaron Biber, Guilty
(DBN)

Fashion Model's Malpractice Claims Revived Against Boies Schiller
(DBN)

Reed Smith Partner Commits Suicide in Chicago
(DBN)

NY Real Estate/Bankruptcy Practice Leader Switches Firms
(DBN)

Ballard Spahr Adds Bankruptcy Partner
(DBN)

Financial Reform Bill May Be Boon for Law Firms
(DBN)

FACEBOOK Lawyer 'Unsure' Whether Founder Mark Zuckerberg Signed Contract
(DBN)

Lindsay Lohan Reports for Jail, Her Longtime Lawyer at Her Side
(DBN)

Celebrity Attorney Shapiro ‘Joins’ then Bolts (?)Lohan Legal Team
(DBN)

Legal Job Hunters Should Tune in to Interviewer’s Personality, Recruiting Directors Say
(DBN)

Lawyer Is Among Those Fed Up with Seat Hogging, an Offense in New York City
(DBN)

Adieu Review?
(DBN)

Ambition Looks Lonely (at least from my BigLaw window)
(DBN)

BigLaw Firm Accused of Missing Deadlines, Could Face $143 Million in Late Fees
(DBN)

Former Bingham Lawyer Publishes His 18th Novel
(DBN)

Law and Layoffs: On Making the Best out of a Bad Situation
(DBN)

Jay Leno Drops a MoFo
(DBN)

2010 GC Compensation Survey: The Great (In-House)Hangover
(DBN)

2 Name Partners at ‘Robot Robot & Hwang’ are Legal Machines
(DBN)

BigLaw Faces Challenges in Managing New Staffing Approaches
(DBN)

Law School Hiring Skews Liberal, Say Researchers
(DBN)

Law Schools Run Like Puppy Mills
(DBN)

Best. College Library Marketing Video. Ever.
(DBN)

More Kimberly Kourt News
(DBN)

A Funny Thing Happened to Alex Barnett’s Legal Career: In a Dismal Job Market, He’s Now a Comedian
(DBN)

Stupid Defendant Tricks: Poor Photo-Editing Skills Edition
(DBN)

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Judges:

Senate Judiciary Committee Approves Kagan Nomination
(DBN)

Sessions: I Must Oppose Kagan's Nomination
(DBN)

Clarence Thomas calls Supreme Court a 'marble palace'
(DBN)

In Idaho, Justice Thomas Does Not Stay Silent
(DBN)

Judge Who Stalked Female Lawyers and Other Women Awaits Word on Punishment
(DBN)

Judge rebuked but avoids ouster
(DBN)

Federal court strikes down non-partisan judicial races
(DBN)

Judge: 'I Know You've Been Sworn ... ' but I Don't Care
(DBN)

Judge Who Nixed Moratorium On Drilling Won't Recuse Himself
(DBN)

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Wall Street:

 

Goldman Sachs profit sinks 82% as chunk goes toward SEC fine, British tax
(DBN)

Goldman: Excluding SEC settlement and UK tax, earnings fall 44%
(DBN)

Goldman's Viniar `Not Aware' of Any Plans for CEO Change After Settlement
(DBN)

Goldman CFO says market sentiment hasn't turned yet
(DBN)

Goldman bonus pool shrinks
(DBN)

Goldman Lost Money on Volatility Bet in 2nd Quarter
(DBN)

It's trading engine sputters, and Goldman looks pedestrian
(DBN)

Goldman Earnings: Fab Gets “Thrown to the Wolves”
(DBN)

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Layoffs:

Extension of Benefits for the Jobless Clears Senate Hurdle
(DBN)

Jobless Benefits: It's the Economy, Stupid
(DBN)

Unemployment Extension Fight Is Just Beginning
(DBN)

Amid The Political Clutter, Listen To What Bernanke Says About Employment
(DBN)

Stimulating Unemployment
(DBN)

Unemployment rate falls in 39 states in June
(DBN)

Unemployment rate falls across 39 states, but it's not good news
(DBN)

Nevada Retains Highest State Unemployment Rate
(DBN)

Dire Job Market? Join the Military
(DBN)

The New Poor: After Training, Still Scrambling for Employment
(DBN)

Does job retraining work?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Sanctuary Cities Breed Bankruptcy
(DBN)

Union leaders digging in to fight city in court
(DBN)

Local governments face tough times -- and worse
(DBN)

A City Outsources Everything. Sky Doesn’t Fall.
(DBN)

Fat cat officials in small, poor California city cause wide anger
(DBN)

Bell council seeks resignations of 3 city officials
(DBN)

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Horse Racing:

Ky. horse farm in bankruptcy may move breeding operation to Ocala
(DBN)

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Economy:

Fed in Hot Seat Again on Economic Stimulus
(DBN)

June Unemployment Rates, by State: Most Regions Show Improvement
(DBN)

Wages Fail to Keep Pace With Inflation
(DBN)

Long-Term Unemployed Put Less Pressure on Wage Inflation
(DBN)

Economic Quagmire For The U.S.
(DBN)

Does the Fed Have Any Ammo Left?
(DBN)

TALF, Other Program On Way Out
(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:

Number of homes under construction falls to record low in June
(DBN)

Many don't qualify for Obama's foreclosure prevention
(DBN)

Living Large in Bankruptcy
(DBN)

BofA permanently modifies 70,000 mortgages
(DBN)

HAMP Permanent Mods Increase 15% in June; Treasury Now Including Delinquency Rate
(DBN)

40% Leave Mortgage Aid Program
(DBN)

Massachusetts foreclosures double in June
(DBN)

Townhouse Price Cut Hits Ritzy Neighborhood
(DBN)

Why Housing Data Are Misleading: The Tax Credit Angle
(DBN)

Class Actions Allege Mortgage Trickery
(DBN)

Ginnie Mae Buybacks Cause JPMorgan REO Assets to Nearly Triple
(DBN)

Mortgage Banker Profit Slips 32% in First Quarter
(DBN)

Housing Bubble Leaves $4 Trillion Hangover
(DBN)

Mortgage Insurer MGIC Posts First Quarterly Profit in Three Years
(DBN)

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Compensation:

Feds target '08 bonuses
(DBN)

______________

Fraud:

SEC chairman says more post-crisis cases in pipeline
(DBN)

Goldman Call Turns Testy Over Fraud Case
(DBN)

Goldman Sachs Settlement With SEC for $550 Million Approved by US Judge
(DBN)

Fabrice Tourre Not only ‘Fabulous,’ But Also a Fighter
(DBN)

Goldman Says Clients Stay Loyal Despite SEC Case
(DBN)

Conrad Black not expected to attend bail hearing
(DBN)

Legal bills mount for Conrad Black after insurance runs dry
(DBN)

Conrad Black may leave prison today after being granted bail
(DBN)

Can Conrad Black afford to sue nemesis Tom Bower?
(DBN)

Hecker insurance refund sought
(DBN)

SEC Knew About Repos Accounting Before Lehman: Report
(DBN)

Is Mary Schapiro Talking About a Certain Lehman Brothers Auditor?
(DBN)

Stanford Officers Seek to Not Testify at Lloyd's Insurance Coverage Trial
(DBN)

______________

Banking:

US Banks Pay Bulk of UK Bonus Tax
(DBN)

WaMu Would Agree to Bank Failure Probe With No Long Delay, Attorney Says
(DBN)

WaMu bankruptcy judge to appoint examiner
(DBN)

Wanted: Owners of $9.8 million in WaMu accounts
(DBN)

Bank of America's Dark Cloud
(DBN)

More Depressing Commentary on Community Banks
(DBN)

The loans that killed MetroBank
(DBN)

FDIC-owned lender says "no" to repayment, opting to keep loans on books at risk to taxpayers
(DBN)

The Dark Side of Bank Wholesale Funding
(DBN)

The Shadow of Shadow Banking
(DBN)

______________

Autos:

Delphi Said to Begin Sounding Out Banks on IPO
(DBN)

Chrysler Financial may lend big again
(DBN)

Toyota subpoenaed again, this time over faulty steering components
(DBN)

Federal Judge Approves Discovery Agreement in Toyota MDL
(DBN)

______________

Hotels:

Extended Stay Wins Court Approval of Plan to Sell Assets, Exit Bankruptcy
(DBN)

Cozumel Caribe Seeks Bankruptcy Protection in US on Decline in Tourism
(DBN)

______________

Hedge Funds:

An Outspoken Fund Manager With Contrarian Views
(DBN)

______________

Baseball:

Mark Cuban Mentioned in Court as Possible Rangers Bidder
(DBN)

Rangers Bankruptcy case, the story that just won't die
(DBN)

Creditors raise new concerns over Rangers' sale
(DBN)

______________

Nightclubs:

CBGB Holdings Slams Kristal Estate
(DBN)

______________

Mass Torts:

Asbestos still killing families, decades later
(DBN)

Thousands Injured, 275 Dead, WR Grace Not Guilty
(DBN)

Silicosis mass tort fraud update
(DBN)

______________

Newspapers:

Bankruptcy Sale of Brown Publishing Newspapers Under Fire on Two Sides
(DBN)

______________

Symphonies:

Symphony must be open to all possibilities
(DBN)

______________

Hollywood:

Icahn renews Lionsgate push
(DBN)

______________

Corporate Governance:

Chancery Dismisses Claim that Acquirer Aided and Abetted Breach of Revlon Duty Based on Merger Payments to Preferred Holders and Zero Received by Common Stockholders
(DBN)

_____________

Priorities:

Intercreditor Agreements Get Trumped
(DBN)

_____________

Retailing:

Teen wasteland
(DBN)

______________

Private Equity:

PE Shakeout “Will Be Huge”
(DBN)

_____________

 

New Bankruptcy Opinions
(2 new opinions today - link repaired from yesterday)

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)

______________

Miscellaneous:

WaMu, Innkeepers, Lehman, Point Bank, Cozumel, Extended Stay: Bankruptcy
(DBN)

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Pensions:

Poll: Faith in Social Security system tanking
(DBN)

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Private Equity:

Goldman Plans to Stay in Private Equity Business
(DBN)

______________

Aviation:

Continental and United reach transition pact with pilots
(DBN)

UAL Profit Beats Estimates on Fuller Jets, Higher Fares
(DBN)

United exec sees bag fees spreading
(DBN)

______________

Oil/Gas:

BP CEO reported to leave soon
(DBN)

BP Kept Drilling After Report of Leak, Worker Says
(DBN)

Is experimental well cap making disaster worse?
(DBN)

Pressure rises on BP, and the well
(DBN)

BP Can Keep Well Shut Another 24 Hours as No Evidence of Leak
(DBN)

Relief tunnel should reach Gulf well by weekend
(DBN)

Exodus of Rigs Hasn't Happened
(DBN)

Oil service companies fight losing battle over drilling ban
(DBN)

Transocean Employees Become Focus of BP Oil-Spill Investigators
(DBN)

Round Two of BP Litigation: The Clean-Up Suits Begin
(DBN)

Exxon Valdez Lawyers Circling The BP Spill
(DBN)

BP Considering New Method for Sealing Well
(DBN)

BP oil spill cleanup threatened by tropical storms
(DBN)

US oil spill could destroy 100,000 jobs
(DBN)

BP Sells $7 Billion in Assets to Apache
(DBN)

UK PM Defends BP as It Sells Assets to Pay for Spill
(DBN)

The BP leak has been plugged. Let the complaints begin
(DBN)

BP's altered photo distorts spill center activity
(DBN)

Messy cleanup of BP oil spill damages the Gulf
(DBN)

Can BP's Image Survive the Spill?
(DBN)

BP's chemical soup already causing Toxic Rain destruction
(DBN)

______________

Corporate Reform:

The Dodd-Frank Act: How it Impacts Specific Industries, Entities and Transactions
(DBN)

Dodd-Frank Financial Reform: “I’ll Have the Meatless Entrée, Please”
(DBN)

Obama to Sign Financial Measure as Treasury Reviews Consumer Candidates
(DBN)

Obama to consider consumer chief fairly quickly
(DBN)

Democrats push pick to lead agency
(DBN)

The Case For Elizabeth Warren
(DBN)

Should Warren be Tapped to Lead Consumer Agency?
(DBN)

Why Is The White House Afraid Of The Elizabeth Warren Fight?
(DBN)

Paul Volcker Doesn’t Like His Own Rule Anymore
(DBN)

Too Big To Fail, the 1912 Version
(DBN)

______________

Examiners:

Judge appoints WaMu examiner; shareholders win
(DBN)

______________

Gambling:

Governor to Offer Plan to Overhaul Atlantic City
(DBN)

Firm agrees to set minimum bid in Fortune Valley casino auction
(DBN)

______________

Health Care:

Cuts in Home Care Put Elderly and Disabled at Risk
(DBN)

LifePoint acquisition of Sumner Regional still faces obstacles
(DBN)

______________

Tax:

How Big of a Burden Will the New 1099 Reporting Requirements Be for Small Businesses?
(DBN)

______________

Credit Cards:

Credit Card Delinquencies Down in First Quarter
(DBN)

Schumer weighs in on credit
(DBN)

______________

Marketing:

Marketer TLC Americas files for Ch. 11
(DBN)

______________

Cross-Border:

Nortel's Canadian, U.S. creditors face different experiences
(DBN)

International Arbitration - Perspectives on insolvency
(DBN)

______________

UK:

Bonus tax costs Goldman Sachs $600m
(DBN)

______________

EU:

E.U. Test May Need to Fail Some Banks
(DBN)

Europe Proposes to End Coal Mining Subsidies by 2014
(DBN)

Moment of truth as Europe learns depth of banking rot
(DBN)

______________

Canada:

Canadians back away from borrowing
(DBN)

Where the Job Recovery Is Strong: Oh Canada!
(DBN)

______________

Greece:

Greek Rail System’s Debt Adds to Economic Woes
(DBN)

______________

Ireland:

Ireland is staring down the barrel of bankruptcy
(DBN)

Bank of Ireland Counts Cost of EU Aid Rules
(DBN)

Irish endure more pain to conquer debt
(DBN)

______________

Germany:

Germany's New Economic Miracle
(DBN)

______________

Spain:

Spain's financial crisis
(DBN)

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