July 9, 2010

The Daily Bankruptcy News

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Law:

Troutman Partner, Receiver in Starr Case, Sues Scorsese
(DBN)

Starr/Scorsese Complaint
(DBN)

No Way in the World Could We Be Satisfied
(DBN)

Ex-Client Wins $7.3M Emotional Distress Award Against Law Firm
(DBN)

BigLaw Firms Band Together to Protest New Limits on Their Web Sites
(DBN)

Freshfields Financials Confirm Shrinking Income at Big 4 London Firms
(DBN)

How to Make Law Firms' Compensation Systems More Fair
(DBN)

Slamming BigLaw Profit Model, Partner Strikes Out on His Own
(DBN)

Billable Hours – Firms Vary Wildly
(DBN)

A&O announces extra holiday and new bonus guidelines
(DBN)

Economic Downturn Didn't Lead to Pro Bono ‘Nosedive’ After All
(DBN)

Akerman Partner Quits Over Firm's BP Work
(DBN)

Stories From Ill-Fated Contract Attorneys
(DBN)

Ex-SEC Lawyer Avoids Prison for Role in Marc Dreier Fraud Scheme
(DBN)

Judge Says Docs Shared with Litigation Finance Companies Not Privileged
(DBN)

Lawyer Says LeBron James Is His Son
(DBN)

Halliwells' landlords turn off the air conditioning
(DBN)

Halliwells: the inside story
(DBN)

Hope for Halliwells as trio offer takeover deal
(DBN)

A good war for Freshfields and A&O – the big four in the recession
(DBN)

Less than a third of female lawyers now aiming for partnership
(DBN)

Simpson Legal Fees for KKR, Blackstone IPOs Seem Worlds Apart
(DBN)

Office Mgr Accused of Using Law Firm Checks to Pay $218K in Credit Card Bills
(DBN)

Judge Reads 100-Page Instructions to Jury Trying Ex-Attorney Accused of $4M Client Theft
(DBN)

Former Execs' Convictions Upset Over Failure to Produce Documents
(DBN)

Hong Kong Is Law Firm Battleground, Davis Polk Partner Says
(DBN)

The Heat Is On! How Are You Handling It?
(DBN)

Revenge of the Laid Off Associate
(DBN)

Is That a Lightsaber in Your Pocket?
(DBN)

Nothing Law student attacks shopkeeper over too small ------
(DBN)

Reality Television Can Be Good For Your Career, Says Apprentice Loser
(DBN)

Crazy, crazy law firm website
(DBN)

Judge declares US gay-marriage ban is unconstitutional
(DBN)

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Judges:

Slick Justice? More on the Fifth Circuit and Its Ties to Oil
(DBN)

Does Kagan Support Stoning?
(DBN)

2nd Circuit Chides, Removes Judge From Case
(DBN)

Federal Judge to Sheriff: You are Ordered To Take a Class on the US Constitution, Especially that Part on Free Speech
(DBN)

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Wall Street:

Stock futures point to lower open on Wall Street
(DBN)

Wall Street's great enablers: Pension funds and endowments
(DBN)

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Layoffs:

Merck Plans to Lay Off About 15% of Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retailers post choppy June, start to discount more
(DBN)

General Growth Has Deal for New Loan From Barclays
(DBN)

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Autos:

Chrysler launches money-back guarantee
(DBN)

Meetings set to update Delphi retirees
(DBN)

No Immediate Incentive to Buy GM, Chrysler
(DBN)

New GM on steady track to IPO as old GM fades out
(DBN)

Auto industry breathing easier
(DBN)

MN final score: 28 franchise dealers reprieved, 24 shut
(DBN)

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Banking:

What happened to banks' toxic assets?
(DBN)

WaMu bankruptcy hearing adjourned till July 20
(DBN)

Why Banks Need 'Living Wills'
(DBN)

US, EU agree to share citizens' bank data
(DBN)

Top Bank Regulator Dugan to Leave Aug. 14
(DBN)

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Hollywood:

Daniel Craig and Sam Mendes will wait for Bond 23, MGM still rudderless, penniless
(DBN)

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Hotels:

Extended Stay Plan Faces Opposition
(DBN)

Trustee Slams Extended Stay Chap 11 Plan
(DBN)

Private equity, wealth funds chase banks' hotels
(DBN)

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Receivers:

Martin Scorsese Sued by Kenneth I. Starr Receiver
(DBN)

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Art:

Art Business Tumbles Into Bankruptcy
(DBN)

Former art gallery owner sentenced for swindling artists
(DBN)

Drivers of Las Vegas Art Scene Cash Out
(DBN)

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Trucking:

Texas Carrier Files For Bankruptcy Protection
(DBN)

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Economy:

US should cut deficit to spur recovery, IMF says
(DBN)

IMF: Global Pullback in 2011
(DBN)

The Third Depression
(DBN)

Companies brace for end of cheap made-in-China era
(DBN)

USA marks 3rd-largest, single-day debt increase
(DBN)

Deficit hits $1 trillion in June for second year
(DBN)

New Jobless Claims Fall More Than Expected to 454,000
(DBN)

24 Depressing Pieces Of Evidence That Difficult Economic Times Lie Ahead
(DBN)

More Poverty by Anyone's Measure
(DBN)

Is the US in Decline?
(DBN)

Greenspan: Economy May Be Undergoing 'Pause'
(DBN)

Bank Bailout May Turn a Profit for Treasury
(DBN)

Bank Bailouts Revisited
(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 30-Year Mortgage Rates Decline to Record 4.57%
(DBN)

Biggest Defaulters on Mortgages Are the Rich
(DBN)

IMF: 'Double dip' slump in housing possible
(DBN)

House Prices Soar 8.8% from 2009
(DBN)

Fears of a Looming Commercial Real Estate Crisis
(DBN)

Mortgage Refinance 'Wavelet' Attracting Better-Credit Borrowers
(DBN)

Big surge in NY apartment rentals seen last quarter
(DBN)

'Liar Loans' Make a Comeback
(DBN)

Nevada Leads Country with 70% of Mortgages Underwater
(DBN)

Survey: Homeowners Working with Servicers Often Blindsided by Foreclosures
(DBN)

Homeowners Staying in Homes Longer
(DBN)s

Miami Beach Luxury Real Estate Gets Cheaper as Short Sales Abound
(DBN)

Horowitz puts 3 buildings up for sale in move to exit bankruptcy
(DBN)

Pinn projects fall into hot water around the Bay Area
(DBN)

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Oil/Gas:

Obama Presses BP on Procedures to Recover More Oil
(DBN)

BP May Have Third Ship Collecting Oil in Three Days
(DBN)

New BP cap, ships could capture all leaking oil: US
(DBN)

Coast Guard unwilling to assume BP timetable
(DBN)

Obama administration set for drill ban legal fight
(DBN)

Obama loses drilling moratorium appeal
(DBN)

Drilling advocates issue 'call to arms' over ban
(DBN)

The Legal Case For an Offshore Drilling Ban
(DBN)

Could the Oil Spill Be Stopped This Month?
(DBN)

BP drilling 'ahead of schedule'
(DBN)

BP dampens hope of early leak fix
(DBN)

Forecast for Gulf impacting spill containment plan
(DBN)

Misery and Opportunity
(DBN)

Hundreds of fishermen don't get their BP checks
(DBN)

Only $1 Million? That's Child's Play
(DBN)

Ban Cuts Oil Output by 82,000 Barrels a Day
(DBN)

For BP, Multimillion-Dollar Fines Amount to a Day’s Worth of Profit
(DBN)

Oil Poised for Biggest Weekly Gain Since May as Equities Rise
(DBN)

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Student Debt:

Fears of Sallie Mae restructuring may be overdone
(DBN)

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Mass Torts:

Congoleum Corporation Exits Bankruptcy
(DBN)

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Chemicals:

Chemicals maker Tronox files reorganization plan
(DBN)

Tronox to Give Control of Company to Creditors Under Bankruptcy Exit Plan
(DBN)

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Video Rentals:

Blockbuster extends chairman's contract
(DBN)

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Aviation:

Airline Tarmac Delays Drop as US Rule Takes Effect
(DBN)

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Distressed Investing:

Hennessee Distressed Hedge Fund Index Falls Again
(DBN)

Tishman Speyer on Restructuring Spree
(DBN)

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Baseball:

Rangers' auction in limbo after opposition
(DBN)

Bankruptcy may end Rangers' best hope
(DBN)

Ryan awaits court ruling on ownership
(DBN)

Ryan as owner: 'It might not happen'
(DBN)

Nolan Ryan: "I don't have a good feeling about things"
(DBN)

Rangers May Negotiate Sale Agreement With New Bidder
(DBN)

Report: Hearing on Rangers bankruptcy auction canceled
(DBN)

Rangers' uncertainty extends to GM
(DBN)

A-Rod at bat in Texas court
(DBN)

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Newspapers:

Publisher files for reorganization
(DBN)

Pension issue won't delay Philadelphia newspapers' bankruptcy reorganization
(DBN)

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Agriculture:

Two of Scott Salyer's cases collide
(DBN)

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Gambling:

Try a termination specialist
(DBN)

Gaming officials say market stagnant but improving
(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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Exemptions:

Schwab v. Reilly - A Victory For Debtors?
(DBN)

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Miscellaneous:

Point Blank, MGM, Orleans, Pasadena Playhouse, WaMu, Dyncorp: Bankruptcy
(DBN)

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Bankruptcy Statistics:

Phoenix bankruptcy rates improved in June
(DBN)

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Fraud:

Judge Ready to Decide Who Will Control Millions in Rothstein Assets
(DBN)

Rothstein law partner was paid $500,000 the day Rothstein fled
(DBN)

Starr Update: Subpoenas Issued to Winston, Thelen, Bristol
(DBN)

Judge Bans Travel for Hecker
(DBN)

Judge Defers Civil Lawsuit for Adviser in Fraud Case
(DBN)

Former NIR Group Analyst Pleads Guilty To Securities Fraud
(DBN)

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Debt Collection:

Ghosts of old loans haunt debt buyers' targets
(DBN)

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Theater:

Pasadena Playhouse emerges from Chapter 11 bankruptcy
(DBN)

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Health Care:

Medical Staffing Network Holdings Obtains Debtor-In-Possession Financing
(DBN)

NY: Hospital closure bill passed in legislature
(DBN)

Hospitals Cut Back on Temporary Staff as Recession Takes Its Toll
(DBN)

More charges surround health care fraud case
(DBN)

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Financial Advisors:

Fee-Only A Benefit In Bankruptcy Cases
(DBN)

______________

UCC:

Court Rejects ‘End Run Around’ Bankruptcy Process In Receivables Dispute
(DBN)

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Prognostication:

10 Brands That Will Disappear In 2011
(DBN)

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Private Equity:

Private equity funding falls 26% through first half of 2010
(DBN)

Citi exits PE
(DBN)

Apollo's Leon Black shows debt dexterity in down market
(DBN)

PE racks up fee$ in bad times
(DBN)

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Avoidance Actions:

Brown & Joseph’s Bankruptcy Division Retained on Republic Windows & Doors Case
(DBN)

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Municipalities:

It's Time For A Marshall Plan To Save Disastrous State Budgets
(DBN)

The Right to Default
(DBN)

There goes everybody
(DBN)

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Accounting:

PCAOB Inspection of Ernst and Young – But Which One is Lehman?!
(DBN)

BDO appoints six partners from the ranks
(DBN)

Compensation Watch ‘10: Is Anyone at Grant Thornton Getting Impatient?
(DBN)

Four Ways Accountants Can Battle the Slow Summer Days
(DBN)

______________

Celebs:

Attorneys for Snipes may seek dismissal or new trial
(DBN)

Lindsay Lohan Denies Her Fingernails Contained a Message for the Judge
(DBN)

______________

UK:

UK Pensions Regulator issues FSD against Nortel for £2.1bn deficit
(DBN)

Begbies Traynor: Businesses owe nearly £70bn to creditors
(DBN)

Begbies profits climb in 2010
(DBN)

Queen of England Tightens her Belt
(DBN)

______________

EU:

6 European Banks That May Need A Bailout
(DBN)

Will Europe Raise Their Retirement Age?
(DBN)

______________

Canada:

Fraser Papers Announces Further Extension of CCAA Protection
(DBN)

Quebec car dealer sues GM Canada over wind-down pact
(DBN)

U.S. firms file lawsuit against Stronach
(DBN)

______________

Greece:

Greeks strike before pension vote
(DBN)

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Germany:

More German companies filing for bankruptcy
(DBN)

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