July 8, 2010

The Daily Bankruptcy News

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Law:

Brown Rudnick Takes Its Shot at the WaMu Bankruptcy
(DBN)

Law Firm Mergers in Second Quarter Hit Double Digits
(DBN)

Jones Day seeks final $7.2 million for Chrysler bankruptcy work
(DBN)

Lawyers in Wiretapping Suit Submit Their Bill: $2.6 Million
(DBN)

Are Top US Law Firms Outsourcing Some Legal Work? 83% Won’t Say
(DBN)

‘The Job Market Is Even Worse Than Many of Us Thought’
(DBN)

Time to Take That Unsexy Job?
(DBN)

Lawyer Sues Firm for Overtime Pay, Seeks Class Action Status
(DBN)

Survey Finds ‘Deep Vein of Anger’ Among Women Partners Over Law Firm Pay Gap
(DBN)

Understanding the Summer Associate Strata
(DBN)

Blackstone Group names chief legal officer
(DBN)

Skadden Tops The World in M&A Advisements
(DBN)

Freshfields Nabs Some BP Corporate Work
(DBN)

Another AmLaw Star Goes In-House
(DBN)

Three Join McKool Smith's Bankruptcy Practice
(DBN)

King & Spalding Summer Associate Dies in Commuter Train Accident
(DBN)

Why Does a Chapter 11 Cost So Much?
(DBN)

Wal-Mart Pulling Out the Big Guns to Fight $7,000 Fine
(DBN)

Dykema Brings On New Marketing Expert
(DBN)

Ex-Lawyer Gets 5 Years for Swindling Clients Out of $4.3M
(DBN)

‘Sequel’ or ‘Spinoff?’ For Actor, a Distinction With a Big Difference
(DBN)

Freshfields financial results confirm shrinking income at big four firms
(DBN)

Halliwells gets more time for deals in effort to ward off administration
(DBN)

Clifford Chance partner profits jump by £200k against marginal fall in revenue
(DBN)

Clifford Chance Is Top U.K. Law Firm as Revenue Falls
(DBN)

Hammonds posts strong profits revival as PEP rises by 32%
(DBN)

Norton Rose PEP dips below £500k on back of revenue drop
(DBN)

Bird & Bird announces double-digit increase in revenues for 2009-10
(DBN)

Back to reality - law firm confidence adjusts to an austere age
(DBN)

Cadwalader Names New Co-Chair of Litigation Department
(DBN)

Jenner Warns Corporate Clients Harmed by Oil Spill of Impending Pollution Claim Deadline
(DBN)

Would-Be Associates at Some East Coast Firms Face Longer Deferrals, Fewer Summer Jobs
(DBN)

Managing Large Law Firm Staff in the New Normal
(DBN)

Rude Law School Applicants Beware: You Are Not That Anonymous
(DBN)

Stephen Colbert Rips Loyola-L.A.’s ‘Foolproof Plan to Get Their Graduates Better Jobs’
(DBN)

"The record clearly shows that the defendants are fools, but that is not the same as being incompetent."
(DBN)

Michigan Law Tells Its 3Ls They’re Screwed; Offers Counseling
(DBN)

UMass School of Law: Seductive tradeoffs that lower risk of getting JD
(DBN)

Cracking the Work-Life Code
(DBN)

Prof Links Professionals’ Helicopter Parenting to Failed Marriages, Forgone Friendships
(DBN)

Scorched Law Firm Offers $1,500 Reward, Urges Public to ‘Burn an Arsonist’
(DBN)

Bakery leader's lawyer smuggled witness hit list from jail, court records say
(DBN)

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Judges:

Would Kagan’s Fundraising Prowess Bring Recusals? It Depends, Ethics Experts Say
(DBN)

5th Circuit Judges Looking at Drilling Halt Case Have Oil Ties
(DBN)

Couple alleges Porteous was impartial, requests new trial
(DBN)

Judicial Screening Committees See an Upsurge
(DBN)

Ethics Panel Nixes Charity Auction Plan, Says There’s No Fee Lunch for Judges
(DBN)

A judicial change to believe in
(DBN)

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Wall Street:

US Stock -Index Futures Slip
(DBN)

Banks boost European shares
(DBN)

Markets See Biggest Rally Since May
(DBN)

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Layoffs:

Wells Fargo to shut subprime lending unit, cut 3800 jobs
(DBN)

For a New Generation, an Elusive American Dream
(DBN)

The New York Times Is Now Treating Kids With 40K Job Offers Like They're In A Breadline
(DBN)

Overconfidence, Entitlement in Twentysomethings Threatened by Great Recession
(DBN)

Young Americans Learn That Trying To Find Work Is Pointless
(DBN)

The Self-Inflicted Insanity of American Unemployment
(DBN)

Sallie Mae Faces Thousands Of Layoffs
(DBN)

OECD: Rich Country Jobless May Have Peaked
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Two Plead Guilty to Charges in Georgia Bank Failure
(DBN)

Wells Fargo accused of aiding 'looting' of USA Capital
(DBN)

Bank Failures : 2010 Pace Exceeds 2009
(DBN)

Europe puts limits on banker bonuses
(DBN)

WaMu securities holders file complaint
(DBN)

Wells Fargo’s Procedure of Freezing Accounts After A Bankruptcy Filing Invalidated
(DBN)

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Tax:

HSBC Clients In U.S. Tax Probe, Report Says
(DBN)

Tanning salons feel burned by 10% 'tan tax'
(DBN)

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Student Debt:

Tips on Settling Defaulted Federal Student Loans
(DBN)

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Baseball:

Rangers' bidding proposal for team facing likely opposition
(DBN)

How Bud Selig Has Grown Tired of Tom Hicks
(DBN)

Gilbert a no-show at Rangers' mediation
(DBN)

Nolan Ryan understands caring for team, fans comes first
(DBN)

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Retailing:

Family Dollar shares fall on weak outlook
(DBN)

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Hotels:

US trustee opposes Extended Stay bankruptcy plan
(DBN)

Hotel company files for bankruptcy
(DBN)

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Autos:

Chrysler, GM in talks on fed loans
(DBN)

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Gambling:

Paterson replaces OTB chief
(DBN)

$125,000-a-month new president at NYCOTB
(DBN)

Racing committee chair 'incensed' over hire of new NYC OTB leader
(DBN)

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Economy:

Congress Has Inhibited Growth By Creating Uncertainty
(DBN)

This Is No Time For More Federal Stimulus
(DBN)

I.M.F. Raises Growth Forecasts for World Economy
(DBN)

5 Ways Congress Can Bolster Growth
(DBN)

Bigger Role Seen for Emerging Financial Centers
(DBN)

10 factors that could lead U.S. economy into 'double-dip' recession
(DBN)

Returns On US TARP Investments May Decline
(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:

Allen Stanford loses third bail bid
(DBN)

Carlyle hit with lawsuit over collapsed mortgage
(DBN)

Most HAMP Borrowers Are 50% Underwater
(DBN)

45% of S. Florida's May home sales are for a loss
(DBN)

Weekly Mortgage Applications Rise 6.7%
(DBN)

Housing Double Dip Appears To Be Underway
(DBN)

US Commercial Property Sales Trail Six-Year Average
(DBN)

Banks Often Extend Sour Property Loans
(DBN)

Housing Market Setback? Index Shows Less Work for Architects
(DBN)

Manhattan Office Vacancy Rate Drops in Second Quarter
(DBN)

Bulk Condo Sales Reveal A Gut-Wrenching Property Price Collapse
(DBN)

How Fannie And Freddie Unloaded Their Trash
(DBN)

Halfway through 2010, the Year of the Short Sale Hits Some Serious Snags
(DBN)

Buying Into Distress
(DBN)

Both Sides Now - Borrowers and lenders must face the music with a plan
(DBN)

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Fraud:

Dangerous liaisons at IBM: Inside the biggest hedge fund insider-trading ring
(DBN)

Police Chief With Rothstein Ties Cleared
(DBN)

Feds snagged Rothstein's AmEx gift cards
(DBN)

Judge cites flight risk in ordering Hecker to stay put
(DBN)

Hecker, Leach to share trial; curfews to continue
(DBN)

Conrad Black requests bail in 2007 fraud case
(DBN)

Exec sentenced to 85 years in NY real estate scam
(DBN)

Philly: A workout in court over Ponzi-scheme gift
(DBN)

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Hedge Funds:

Hedge Funds Drop 0.94% As Distressed, Equity Hedge Funds Take Toll
(DBN)

Hedge Funds ‘Frozen in Headlights’ Cut Trading as Markets Swing
(DBN)

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Oil/Gas:

Bad Weather Continues to Hamper Oil Spill Response Efforts
(DBN)

BP in the Wake of the Deepwater Horizon Incident and the Bankruptcy Implications of Mounting Environmental Liabilities
(DBN)

Owner of Exploded Rig Is Known for Testing Rules
(DBN)

BP Sets New Target To Seal Oil Well
(DBN)

Obama Asks Court to Restore Drill Ban
(DBN)

White House Appeals Controversial Drilling-Ban Ruling
(DBN)

BP shores up its takeover defense
(DBN)

Mr. Hayward, your sunset awaits
(DBN)
d

A Beach Walk With the Ghosts of Exxon Valdez
(DBN)

Truth and lies in oil-skimming statistics
(DBN)

BP Steps Up 'Charm Offensive'
(DBN)

Gulf Coast Deserted for July Fourth Weekend
(DBN)

Spill threatens oystermen's way of life
(DBN)

Oil Slick Hurting Businesses From Coast to Coast
(DBN)

Some BP gas station owners switching brands
(DBN)

Beach cleaners only skimming oil off surface sand
(DBN)

BP's Hayward flies to Mideast to meet 'partners'
(DBN)

Abu Dhabi: Once Burned By Citi, Twice Shy With BP?
(DBN)

The shadowy legacy of BP's former 'Sun King'
(DBN)

Oil Companies Benefiting From Tax Breaks And Subsidies As Congress Meekly Looks On
(DBN)

Delta Petroleum appoints Lakey as new CEO
(DBN)

Flying J Cleared to Exit Bankruptcy
(DBN)

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Health Care:

Obama to Bypass Senate to Name New Medicare Czar
(DBN)

Skilled Healthcare plunges after $671 mln jury verdict
(DBN)

Medical Staffing files prepackaged Chapter 11
(DBN)

North General says goodbye to its last ambulance
(DBN)

Bankruptcy Judge Scolds Forum Parties
(DBN)

Lawyers bill accused doctor for $3000K
(DBN)

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Municipalities:

Cash-strapped PA finds $10M for Arlen Specter Library
(DBN)

Here's The Real Reason Cities And States Would Never Be Allowed To Default
(DBN)

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Soccer:

Soccer odds on Barcelona going bankrupt?
(DBN)

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Celebs:

Real Housewives of New Jersey’s Joe and Teresa Giudice Are in More Legal Heat
(DBN)

Suge Knight Wanted for Skipping Court Date
(DBN)

Brunell Chapter 11 'sign of the times'
(DBN)

A Tearful Lindsay Lohan Is Sentenced to 90 Days in Jail
(DBN)

Lindsay Lohan sued over boutique bills
(DBN)

Ray Williams, Living out of his Car
(DBN)

Former Kiss Guitarist Loses Bankruptcy Appeal
(DBN)

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Lehman:

Head of Lehman Brothers UK administration steps back
(DBN)

Puzzle over Banque de France’s Lehman role
(DBN)

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Electronics:

Philips taps restructuring expert as new CEO
(DBN)

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Religion:

Vatican Revises Rules on Sex Abuse
(DBN)

The financial rewards reaped by Methodist preachers who grow their flocks
(DBN)

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Debt Collection:

FDCPA Rulemaking Authority Part of Financial Reform Bill
(DBN)

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Accounting:

“Independent” Directors for the Audit Firms: Much Ado About Nothing
(DBN)

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Cruise Ships:

Royal Caribbean Is Headed for Rough Waters
(DBN)

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Sovereigns:

Sovereign Risks Materialize
(DBN)

The Progressives’ Legacy of Bankruptcy
(DBN)

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Agriculture:

Men who ran bankrupt Salem plant face charges
(DBN)

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New Bankruptcy Opinions
(2 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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Bankruptcy Statistics:

Minn. Bankruptcies Highest In A Decade
(DBN)

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Discharge:

Extended Stay Bankruptcy Plan Draws US Objection Over Lawsuit Releases
(DBN)

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Corporate Reform:

Auto Dealers, Local Banks Avoid Consumer Oversight
(DBN)

Elizabeth Warren to head Consumer Protection Bureau?
(DBN)

Madigan cool to consumer board post, supports Warren
(DBN)

Looks Like Dimon Has Some ‘Splaining To Do
(DBN)

Exhibit A in the Case for Corporate Responsibility
(DBN)

Here's How Financial Reform Could Make Another Crisis Even More Likely
(DBN)

Is This Really Finance Reform?
(DBN)

Too Big to Fail = Too Powerful to Pay
(DBN)

Former FDIC Chief Slams Final Financial Reform Bill
(DBN)

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Finance:

Are Big Banks Really Helping Small Business?
(DBN)

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Miscellaneous:

Trade Secret, Medical Staffing, Eco2, St. Vincent, Rangers: Bankruptcy
(DBN)

The Bankruptcy Files: Aviation, Publishers, Toll Roads, and Athletes
(DBN)

Extended Stay, Neenah Foundry, Medical Staffing, Cedarlake: Bankruptcy
(DBN)

I Really Must Find a New Line of Work
(DBN)

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Secured Credit:

Is the Tide Turning Against Secured Creditors?
(DBN)

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Consultants:

FTI Consulting Takes A Tumble
(DBN)

Work Out and Reorganization Specialist Larry Candido Joins Sitrick Brincko Group
(DBN)

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Telecoms:

NH board approves FairPoint reorganization
(DBN)

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Turnarounds:

Doheny touts role in struggling firms' revival
(DBN)

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Food/Drink:

Restaurants feeling the pinch
(DBN)

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Credit Cards:

Credit-card delinquencies fall to 8-year low
(DBN)

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Aviation:

Airlines Gain Altitude With June Traffic Reports
(DBN)

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Education:

Fewer Low-Income Students Going to College
(DBN)

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Awards:

Weil Gotshal Receives Two International Legal Alliance Awards
(DBN)

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Litigation:

Federal jury awards $269.2 million in damages in "Who Wants to Be a Millionaire" suit
(DBN)

Don Johnson awarded $23.2 million in 'Nash Bridges' back profits
(DBN)

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Hollywood:

MGM Studio Said to Seek New Debt Waiver Amid Creditor Talks
(DBN)

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Distressed Investing:

Credit Suisse Said to Spin Off Credit Hedge Funds
(DBN)

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Shipping:

Container Shipping Rates Back to Highs
(DBN)

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Trucking:

Home of former Arrow Trucking executive auctioned
(DBN)

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Art:

Applejack Art Partners files for Chapter 11 bankruptcy
(DBN)

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UK:

North East Is Regional Bankruptcy and IVA Hotspot
(DBN)

OFT plans could push up cost of insolvency
(DBN)

Treasury steps up anti-avoidance plans
(DBN)

Vantis sale process months in the making
(DBN)

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EU:

EU lawmakers vote to cap bank bonuses
(DBN)

Bank stress tests put EU leaders in the hotspot
(DBN)

'Soft as butter' bank tests draw lukewarm reaction
(DBN)

EU Stress Tests on Banks Will Be 'Very Serious,' Juncker Says
(DBN)

European Banks Leave Rates on Hold
(DBN)

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Canada:

Toronto existing home sales fall by 23 per cent in June
(DBN)

‘Moderate decline’ forecast for Toronto house prices
(DBN)

Shareholders sue MI Developments
(DBN)

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Greece:

Market Sets Greek Debt Haircut at Three Times Stress-Test Level
(DBN)

Greeks strike against pension reform
(DBN)

As cuts bite, Greece tested by dissent
(DBN)

Krugman: Greece May Have To Leave The Euro
(DBN)

______________

Russia:

Shunned By Central Bank, Russia's IIB Defaults, Turns To VTB
(DBN)

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Germany:

Karstadt Creditor Valovis Says It Can't Accept Rental Demands of Berggruen
(DBN)

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Hong Kong:

Hong Kong Luxury Flat Deal Raises Questions
(DBN)

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Japan:

Japan machinery orders drop 9.1 percent in May
(DBN)

Japan's Corporate Bankruptcies Continue To Drop In June
(DBN)

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China:

China's Export Growth Slower in June
(DBN)

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