June 1, 2010

The Daily Bankruptcy News

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Law:

Real Estate Restructuring Work Proving a Boon to Firms
(DBN)

The Bankruptcy Files: Oil Companies Go Bust as Extended Stay Seeks Solvency
(DBN)

Last Week in Biglaw
(DBN)

Eversheds posts 28% partner profits rise against 3% drop in revenues
(DBN)

Camerons posts double-digit drop in both revenue and partner profits
(DBN)

The Am Law 200 2010
(DBN)

No Place to Hide - The recession's impact wasn't confined to the nation's top 100 firms--The Second Hundred felt the pain too
(DBN)

Dentons chief executive: the transatlantic tide is coming
(DBN)

The Tort Lawyer and the BP Oil Disaster
(DBN)

Senate Bill to Exclude Small Health, Legal, CPA Firms From FTC Red Flags Rule
(DBN)

Three More Nixon Peabody Partners Decamp to DLA Piper
(DBN)

BP Facing Familiar Nemesis: PI Lawyer Brent Coon
(DBN)

High Court 'Exxon' Puni Ruling Targeted in Wake of Gulf Oil Spill
(DBN)

Attorney Unemployment Rates Cause for Cautious Optimism
(DBN)

More Billable Hours? Don't Count on It, Survey Says
(DBN)

The Trials of Pierce O'Donnell
(DBN)

Younger Partners Ascendant at Cravath, ‘Not Your Grandfather’s’ Law Firm
(DBN)

Who'll Stop the Raid? Firm Nabs Three More Partners From Rival
(DBN)

Morgan Lewis Opens Del. Office
(DBN)

Obermayer Terminates Partner in Wake of Family Court Flap
(DBN)

Mark Tuohey Leaves Vinson & Elkins for Brown Rudnick, Cites Retirement Policy
(DBN)

M&A Shake-up At “Not Your Grandfather’s” Cravath
(DBN)

Judge Sorts Claims in Rothstein Ponzi Scheme
(DBN)

FTC Postpones 'Red Flags' Identity Theft Rule
(DBN)

Concern Over IRS Proposals That Could Threaten Attorney-Client Privilege
(DBN)

Ohio Takes Action Against the “CSI Effect” on Juries
(DBN)

Adviser to Stars Arrested in Alleged Ponzi Scheme Linked to Partner in Prominent Law Firm
(DBN)

Client sues counsel for suing judges
(DBN)

Time to Mate the Swiss: How BigLaw Firms Merge Internationally
(DBN)

Long-Time Legal Secretary Reflects on Law Office Changes
(DBN)

Attorney suspended for six months and one day for serving a summary judgment motion on opposing counsel of record
(DBN)

Firms No Fan of Facebook Community Pages
(DBN)

The Wit, Wisdom, and Worthlessness of Law Reviews
(DBN)

A Mass. Lawyer You Don’t Want to Work For and a Law Student You Don’t Want to Hire
(DBN)

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Judges:

Senate Bill to Seat More Bankruptcy Judges, Extend Temp Positions Passes Judiciary Committee
(DBN)

Judge Recounts, in Brief, How to Write Your Way to Defeat
(DBN)

Report Urges Sweeping Changes for Pa. Juvenile Courts, Judicial Conduct Board
(DBN)

Filmmaker, Pressured, Quits as Judge
(DBN)

Judges Facebooking: Permissible But With Extreme Caution
(DBN)

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Courts:

Ralph Regula Federal Building opens Tuesday
(DBN)

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Wall Street:

Stocks set for a lower start
(DBN)

World markets fall amid China, Europe jitters
(DBN)

On Quiet Day, Markets in Europe End Mixed
(DBN)

Stocks slide, euro falls after Spain downgrade
(DBN)

Ace Greenberg: Who's to blame for Bear's collapse
(DBN)

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Layoffs:

Nearly 880,000 Californians are long-term unemployed
(DBN)

Census Hiring Set to Go Supernova
(DBN)

Economy could take a hit if federal jobless benefits are not extended
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Distressed Finance:

The Ugly World of Vulture Finance
(DBN)

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Tax:

House Votes to Eliminate Hedge Fund Tax Break
(DBN)

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Banking:

U.S. Bank Failure Total Is 77 as More Institutions Are Shut
(DBN)

Regulators shut down 3 banks in Florida, 1 each in Nevada, California, for 78 failures in 2010
(DBN)

Bank of Florida's Lenders Closed as Bank Failures Climb to 78
(DBN)

City National buys another failed bank
(DBN)

Bill would aid depositors at failed IndyMac Bank
(DBN)

When Banks Don't Trust Banks
(DBN)

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Corporate Reform:

Shorting Reform
(DBN)

3,000 Pages of Financial Reform, but Still Not Enough
(DBN)

Warren Buffett Forced to Testify Before Financial Crisis Commission
(DBN)

Warren Buffett Is Not Your Grandpa
(DBN)

FCIC still refuses to release staff information, publishes ethics policy
(DBN)

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Celebs:

Ex-NBA Star Walker Lists Casino Debt, Foreclosures In Bankruptcy Filing
(DBN)

Signposts of Sarah Ferguson's road to ruin
(DBN)

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Tech:

GSI Group Receives U.S. Bankruptcy Court Confirmation on Plan of Reorganization
(DBN)

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Politics:

In Ohio, Gauge for Midterms, Economy Rules
(DBN)

Tea Party candidate's company seeks bankruptcy protection
(DBN)

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Religion:

Pope appoints panel to investigate abuse
(DBN)

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Horse Racing:

New York racing’s frazzled financial status takes even more luster off buzzless Belmont
(DBN)

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Aviation:

Government to hit airlines harder for bumping passengers
(DBN)

Nigerian airlines, facing troubled balance sheets, offered government bailout
(DBN)

Ryanair to Pay First Dividend After Restoring Profit
(DBN)

British Airways Crews Resume Walkout
(DBN)

Highland Airways should be dissolved, suggest PwC administrators
(DBN)

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Accounting:

FASB's Big Bad Idea
(DBN)

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Environmental:

State seeks pieces of bankrupt firms for cleanup
(DBN)

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Hockey:

$25 mil moved from Glendale fund to cover Phoenix Coyotes pledge
(DBN)

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Subordination:

The enforceability of structured finance subordination provisions: where to next?
(DBN)

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Hedge Funds:

Funds Post Biggest Drop Since Dark Days of Lehman
(DBN)

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Economy:

U.S. Consumer Spending Was Stagnant in April
(DBN)

Fed Officials Upbeat On U.S. Recovery
(DBN)

Fed chief sees delicate dance ahead
(DBN)

Evans: Fed could delay ending low rates
(DBN)

Hillary: 'The rich are not paying their fair share'
(DBN)

Brazil, India, China May Be Overheating, Roubini Says
(DBN)

Blacks Lose Decades of Economic Gains
(DBN)

TARP's tiniest failures add up
(DBN)

Roubini: Global recovery anemic, outlook fragile
(DBN)

Krugman: Governments Are About To Make The Dumbest Mistake Ever--Cutting Back On Spending And Killing The Recovery
(DBN)

Hank Paulson tells his side of the story on the great recession
(DBN)

Global Economy to Grow 3.7%
(DBN)

The Case for the 'Teacher Bailout'
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Home Sales Set to Plummet in Phoenix, Las Vegas as Tax Credit Expires
(DBN)

Huge profits result from foreclosure procedure
(DBN)

Hamp-ered loans - Investor denials squash many mortgage mods
(DBN)

Soldier in Iraq Loses Home Over $800 Debt
(DBN)

CRE Vacancies To Peak Near Early 2011
(DBN)

Owners Bet on Raising the Rent, and Lost
(DBN)

More Bank-Owned Homes Likely to Hit the Market
(DBN)

No Penalties for Mortgage Company with Worst Loan Mod Backlog
(DBN)

Barry Sternlicht, the Real Estate Bargain Hunter
(DBN)

Mary Jane Augustine
(DBN)

Little-known Bellevue firm linked to $850M in loans; spans four states
(DBN)

Union to Banks: Fix Up L.A.’s Foreclosures or Else!
(DBN)

Las Vegas: Rhodes leaves trail of disappointed business partners
(DBN)

Misrated Mortgages
(DBN)

Stewart Lender Services Sees Loss Mitigation Business Jump Ten-Fold
(DBN)

Unemployment Drives Most Mortgage Defaults
(DBN)

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Municipalities:

American cities at risk of default and bankruptcy
(DBN)

Municipal bankruptcy bill heading to Schwarzenegger
(DBN)

Bankruptcy talk spreads among Calif. muni officials
(DBN)

Bankruptcy idea spreads from Vallejo to other California cities
(DBN)

Distressed status wouldn't be easy for Dunmore
(DBN)

America's 7 junkiest cities
(DBN)

Houston: Model City
(DBN)

Unions fear cities going bankrupt
(DBN)

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Avoidance Actions:

Leveraged Buyout Transactions Under Heightened Scrutiny in Bankruptcy: Withstanding Creditor Challenges to Fraudulent Transfer Claims
(DBN)

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Celebs:

11 Athletes Who Threw Away Their Million-Dollar Fortunes
(DBN)

Pamela Anderson Accused of Stiffing Web Developer
(DBN)

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Oil/Gas:

Waiting out the spill: Anger, frustration and uncertainty
(DBN)

BP Plunges After Attempt to Plug Gulf Oil Leak Fails
(DBN)

Risky 7th Attempt to Stop Gulf Leak
(DBN)

BP's Next Effort Could Increase Oil Flow
(DBN)

BP Needs 'Lottery Win' in August to Seal Oil Leak at First Try
(DBN)

Why The Next Step Of The Deepwater Fix Is Incredibly Dicey
(DBN)

BP says spill costs hit $990 million
(DBN)

Some experts predict spill's tab will reach $10 billion
(DBN)

Oil Could Spew Until August
(DBN)

6 Reasons We Can't Fix The Oil Spill
(DBN)

Disastrous effects of spill may be hidden in Gulf depths
(DBN)

BP Spill Tests Its Survival
(DBN)

For all its blunders, BP didn't cut and run
(DBN)

A changed BP? It was only an illusion
(DBN)

BP’s Gulf fiasco makes it vulnerable to a takeover
(DBN)

BP spill costs soar as leak could continue into August
(DBN)

BP, Obama face clamor to halt oil spill 'crime'
(DBN)

BP CEO disputes claims of underwater oil
(DBN)

BP disaster: worst oil spill in US history turns seas into a dead zone
(DBN)

BP Seeks to Catch Most Oil as U.S. Exerts Spill Role
(DBN)

U.S. Plans ‘for Worst’ in Gulf, Seeing Risk in Leak Strategy
(DBN)

Sen. Schumer Calls for Repeal of Liability Limits
(DBN)

BP: 'No Certainty' New Plan Will Work
(DBN)

Admiral Mullen: Oil Industry Better Equipped to Counter Spill
(DBN)

BP defends efforts to control rig costs
(DBN)

Our Fix-It Faith and the Oil Spill
(DBN)

Fishermen Fear Disruption of Their Way of Life
(DBN)

Gulf oil spill: 'Everybody's lost hope'
(DBN)

Alabama coast could see oil Wednesday
(DBN)

At the scene of the BP oil spill cleanup: booms, busts, and confusion
(DBN)

Documents Show Early Worries About Safety of Rig
(DBN)

BP Engineers Making Little Headway on Leaking Well
(DBN)

Effort to Kill Well Hangs in Balance
(DBN)

There Was 'Nobody in Charge'
(DBN)

Energy industry somber about new offshore limits
(DBN)

A crude summer on the Gulf Coast?
(DBN)

Oil spill gutting confidence - and staining reputations
(DBN)

Town's way of life ‘under assault' by spill
(DBN)

Hurricane Season Is Only Going to Cause More Problems for BP
(DBN)

Famous Bookmaker Gives Odds on BP CEO
(DBN)

A disaster with many fathers
(DBN)

Drilling for Certainty
(DBN)

TriDimension Energy Files Chapter 11 Bankruptcy
(DBN)

Petroflow Energy Subsidiaries File Chapter 11
(DBN)

Oil Falls on Concern China's Growth Is Slowing, Stronger Dollar
(DBN)

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Baseball:

Rangers creditors seek to expand bankruptcy case
(DBN)

Lenders move against Rangers as club scrambles to meet payroll
(DBN)

Which Side is "Negotiating in Bad Faith" in the Battle Over the Texas Rangers?
(DBN)

Rangers fans find humor in bankruptcy
(DBN)

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Newspapers:

Tribune Delays Sending Bankruptcy Plan to Creditors
(DBN)

Tribune fails again to get Bankruptcy Court OK to begin plan vote
(DBN)

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Television:

‘B’ Is for Bankruptcy
(DBN)

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Consumer Debt:

Increase in borrowing shows more optimism
(DBN)

Moody's: Defaults, delinquencies on credit cards drop in April
(DBN)

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Corporate Governance:

Financial reform legislation likely to give shareholders more say in corporate governance
(DBN)

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Chemicals:

Chemtura to file reorganization plan by June 17
(DBN)

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Rail:

Amtrak 'misled' Congress on finances
(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 Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Disclosure:

Houlihan Lokey Challenged Over Disclosure In Aventine Case
(DBN)

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Committees:

How Can We Sleep When Rule 2019 Is Burning?
(DBN)

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Hotels:

Mortgage Holders Prevail in Auction of Former Maui Prince Hotel
(DBN)

European group buys foreclosed Watergate hotel
(DBN)

Centerbridge Group Is Said to Buy Extended Stay
(DBN)

Hotel industry hit hard by defaults
(DBN)

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Student Debt:

Placing the Blame as Students Are Buried in Debt
(DBN)

Who's To Blame For Students' Subprime Loans?
(DBN)

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Autos:

US may choose lead bank on GM IPO next week
(DBN)

Tuesday marks the one-year anniversary of GM's bankruptcy filing
(DBN)

The Lessons of the GM Bankruptcy
(DBN)

After bankruptcy , GM, Chrysler turn the corner
(DBN)

Making cars is cheaper now for General Motors and Chrysler
(DBN)

Lansing auto plants survive 'nerve-wracking' year
(DBN)

Tesla's Elon Musk "ran out of cash"
(DBN)

Judge Orders Toyota to Perform Document Dump
(DBN)

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Health Care:

PwC loses ruling on big Pa. healthcare bankruptcy
(DBN)

Oahu hospitals see their way out of bankruptcy
(DBN)

2 hospitals ink short-term leases with St. Vinnie
(DBN)

Is it a done deal? - Assessing the chances of LifePoint getting company in its bid for the bankrupt Sumner Regional
(DBN)

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Personal Finance:

Debt-induced stress continues for many Americans
(DBN)

Military Families Struggle with Mounting Debts
(DBN)

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Telecoms:

FairPoint may pay state's bankruptcy legal fees
(DBN)

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Bankruptcy Crimes:

Texas Businessman Pleads Guilty to Defrauding U.S. Bankruptcy Court
(DBN)

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Litigation:

Smoker's $8 Million Award Could Open Door to More Suits
(DBN)

When Is an E-Discovery Burden an Undue Burden?
(DBN)

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Agriculture:

Subsidies pay farmers rain or shine
(DBN)

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AIG:

AIG and Pru locked in talks on rescue price
(DBN)

The AIG/Prudential Deal: Still Going
(DBN)

AIG Rejects Prudential's Bid to Lower Price for Asian Unit
(DBN)

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Fraud:

Kenneth Starr – the rise and fall of a Ponzi star
(DBN)

Judge Sorts Claims in Rothstein Ponzi Scheme
(DBN)

Man's Global Ponzi Scheme 'Massive,' Mocking
(DBN)

Judge refuses to unfreeze Alfred Villalobos' assets
(DBN)

BDO Seidman fights claims brought by fraudster Lew Freeman
(DBN)

Still no Goldman Sachs, SEC settlement
(DBN)

Justice Department focusing on Goldman Sachs' Timberwolf deal?
(DBN)

Ponzi Man Was Persistent, SEC Says
(DBN)

Attorneys on both sides of the counsel table strike it rich with qui tam litigation
(DBN)

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Gambling:

What Lead to the New York Racing Association's Near-Bankruptcy
(DBN)

Steve Wynn Takes on Washington, Vegas & EBITDA
(DBN)

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Financial Privacy:

U.S. requiring creditor companies to defend against identity theft
(DBN)

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UK:

Restructuring and Insolvency - England & Wales - Q&A
(DBN)

British manufacturing maintains fast pace in May
(DBN)

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EU:

Euro Falls, Heads For Monthly Loss, on European Debt Concern
(DBN)

Euro Hits 4-year Low
(DBN)

Europe's Banks at Risk From Slower Growth, Central Bank Says
(DBN)

ECB Warns Banks That Rely Heavily On State Support Packages
(DBN)

Eurozone banks face 195 bln euro writedowns to end 2011-ECB
(DBN)

Europe Banks Face Bond Sales Risk, Higher Loan Losses
(DBN)

Czech President: Euro Zone has failed
(DBN)

Country-by-country look at Europe's debt crisis
(DBN)

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Spain:

Credit rating cut deals blow to Spain
(DBN)

Fitch Downgrades Spain’s Credit Rating
(DBN)

Spain's cajas rush to strike deals
(DBN)

Spain vows labour reform by June with deal or not
(DBN)

Spanish Voters Will Force The Government To Dissolve Before Major Austerity Measures Can Be Passed
(DBN)

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China:

Unrest May Signal New Phase in China Economy
(DBN)

China warns debt woes threaten global recovery
(DBN)

And Now Chinese Real Estate Debt Is Blowing Up
(DBN)

Financial Crisis Has Left China Stronger
(DBN)

China's Shift From Cheap Labor Hard on All
(DBN)

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Greece:

Roses to tomatoes: Greeks are going back to the basics
(DBN)

E&Y probed over Greek insolvency
(DBN)

Greece urged to give up euro
(DBN)

Fin Min: Greece Short On Revenue Targets, Vows Tax-Evasion Crackdown
(DBN)

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Germany:

German Unemployment Falls Twice as Much as Forecast
(DBN)

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Russia:

Russia Goes Online to Hire Lawyers for Strasbourg
(DBN)

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Switzerland:

Highest rise in bankruptcy proceedings in ten years in 2009
(DBN)

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Argentina:

Argentina Wins Appeal of 'Inflated' $2.24B Award
(DBN)

Argentina Extends Bond Swap to June 22 to Lure More Creditors
(DBN)

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Middle East:

Dubai Holding Reports $6.2 Billion 2009 Loss
(DBN)

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