June 15, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Berger Singerman's Business Reorganization Practice Receives Highest Ranking In The World-Famous Chambers USA 2010 Guide
(DBN)

Happy Days Are Here Again? No, But the Saddest Days Might Be Over
(DBN)

Ohio Justices OK Firing of Vorys Sater
(DBN)

Ghosts of Thacher Proffitt Get SNR Denton Off on a Sour Note
(DBN)

How Did Latham Become the Poster Child for Layoffs?
(DBN)

Skadden Hires Away Rival's Global Antitrust Chief
(DBN)

Simpson Thacher Public Interest Fellows Not Welcomed Back?
(DBN)

Three Law Firms Claim Success With New Apprenticeship Model
(DBN)

Legal Career Consultant Says Up to 25% of Her Clients Want to Leave the Law
(DBN)

Alternatives for Laid-Off Lawyers: Road Trip in a Porsche
(DBN)

BigLaw: The Five Jerks You Meet in Law Firms
(DBN)

McDermott Will & Emery Converts Three Offers to Discovery Attorneys
(DBN)

McDermott Partner Was Young Chess Champion
(DBN)

9th Circuit Revives Suit Against Lawyer O'Donnell
(DBN)

Plain English for Lawyers: 'Exactly What You Are Supposed to Do'
(DBN)

Gen Y: Will it blow up Jones Day?
(DBN)

Law Professor Notes 'Casualties of Our Profession'
(DBN)

The platform is changing
(DBN)

Some Atlanta Law Firms See Business Uptick, and Associates Benefit
(DBN)

Prominent Houston PI Lawyer Is Shocked to Learn of Alleged Plot to Kill His Wife
(DBN)

Award of attorneys fees is payable to the "prevailing party," not to the prevailing party's attorney - Award can be offset against other debts owed to defendant by plaintiff
(DBN)

High Court Lets Government Take Fee Awards for Clients' Debts
(DBN)

Attorneys Can Give Up Chasing Chase for Fees
(DBN)

Thank Skadden's Joe Flom (And His Wife) for That Public Piano Near You
(DBN)

Law Firm Destroyed By Fire Has Hard Drive, Will Practice in Unknown New Location
(DBN)

Economics of law often an abstract concept
(DBN)

After Mass Defection, BigLaw Firm Ends Romance With Romeo's Padua - Insolvency Partner and Associates Leave
(DBN)

When Associates Dress Better Than Partners
(DBN)

Blank Rome Ordered to Create 'Chinese Wall' to Avoid Conflict
(DBN)

Dechert’s next gen heads
(DBN)

The Marrying Kind
(DBN)

Lawyer of the Day: Brittney B. Horstman
(DBN)

“Too Hot” Former Citibank Employee Hires Top-Notch Lawyer to Fight Case
(DBN)

Law Firm Spammed Our Investors, Contends Ex-Client in Fee Dispute
(DBN)

BigLaw Firm Asks to Drop Billionaire Scammer as Client
(DBN)

What Might Medical Malpractice Test Projects Look Like?
(DBN)

After Ruling, Firing-Squad Looms Closer for Utah Killer
(DBN)

Dirty Drunk
(DBN)

______________

Judges:

Scotus Roundup: The Next Two Weeks Will be Very, Very Busy
(DBN)

Newly released Kagan papers show a flair for the political
(DBN)

Relevance of Kagan's work as clerk on Supreme Court debated
(DBN)

Elena Kagan’s White House Years
(DBN)

Kagan confirmation would affect major tobacco case
(DBN)

Revolt of the Junior Justices?
(DBN)

______________

Wall Street:

 

The Bulls Choke, Market Down
(DBN)

Downgrade of Greece Debt Slows U.S. Indexes
(DBN)

______________

Layoffs:

Structural versus cyclical unemployment
(DBN)

Survey: Americans have little confidence in government's ability to fix unemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

The Price Customers Pay For Strikes
(DBN)

New Numbers on Airline Job Losses and Outsourcing
(DBN)

Spirit Airlines, pilots called to table
(DBN)

______________

Hotels:

Extended Stay Wants Investigation Documents Destroyed
(DBN)

Starwood Opposes Extended Stay Sale to Centerbridge, Blackstone
(DBN)

Look Where The Hotel Industry Has Been Devastated This Year
(DBN)

______________

Consultants:

FTI Consulting Upgraded to Neutral
(DBN)

______________

Hollywood:

Icahn takes another swing at Lions Gate management before his offer deadline
(DBN)

Lionsgate, Icahn continue to trade jabs
(DBN)

Icahn predicts doom for Lionsgate
(DBN)

______________

Software:

Judge Confirms That Novell Owns Unix Rights in SCO Case
(DBN)

______________

Video Rentals:

Blockbuster Tanks On Bankruptcy Fears
(DBN)

Blockbuster looks at bankruptcy financing among other options
(DBN)

______________

Tax:

UBS Tax Deal at Risk in Game of Political Ping-Pong
(DBN)

Swiss Parties Edge Closer to Ratifying U.S. Tax Deal
(DBN)

______________

Consumer Credit:

Consumer Credit Rises; Card Debt Drops Again
(DBN)

______________

Payday Lending:

Arizona Attorney General Warns Payday Lenders
(DBN)

______________

Debt Collection:

Early Health Care Reform Rules to Benefit Medical Debt Buyers and Collectors
(DBN)

______________

Lehman:

Firm Disqualified From $285 Million Lehman Case Over Notice of Conflict
(DBN)

______________

Biotech:

Hawaii Biotech to be sold at auction
(DBN)

______________

Photography:

Polaroids reach era's end being auctioned
(DBN)

______________

 

 

Economy:

Bullard: U.S. Economic Recovery Insufficient For Rate Increase
(DBN)

Fed's Bullard: strong global recovery under way
(DBN)

Treasuries Fall as Signs of Global Recovery Damp Safety Demand
(DBN)

Debt Default: It Can Happen Here
(DBN)

Altos House Price Index Up for First Time in 9 Months
(DBN)

A Challenge for New MBAs
(DBN)

Deflation is Still the Real Threat
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

U.S. Income Losses Could Hurt Housing Demand
(DBN)

Radical Ideas From a Federal Housing Bureaucrat
(DBN)

Squatters Add to Mortgage Lenders’ Woes; Eviction from $3.3M Listing a Civil Matter
(DBN)

Subprime lender Fremont emerges from bankruptcy
(DBN)

Arizona homebuilders buying up land once again
(DBN)

Top Execs Leave Bankrupt Subprime Mortgage Lender Fremont
(DBN)

S&P: HFA Delinquencies Increased Significantly In 2009
(DBN)

New Homes Getting Smaller...Smaller
(DBN)

Subprime Mortgage Performance Improving as Delinquencies Drop
(DBN)

_____________

Banking:

CD rates: Rates on deposit products at lowest levels in years
(DBN)

Stop Obsessing Over Bank Failures
(DBN)

______________

Municipalities:

Obama's State Aid Proposal Faces Hurdles
(DBN)

RI gov signs bill barring receivership for cities
(DBN)

Dems Assure NY Gov't Shutdown Will be Avoided
(DBN)

Privatizing America’s Roads
(DBN)

If You Thought New York Was Bad, Check Out The Ridiculous Public Sector Pensions In Illinois
(DBN)

California's economy to see sluggish recovery this year, UCLA economists say
(DBN)

______________

Health Care:

Tyrone Hospital Emerging From Bankruptcy
(DBN)

LifePoint Hospitals remains sole bidder for Sumner Regional
(DBN)

Lenders Seek Fixes to Forum Sale Deal
(DBN)

Health-Care Costs to Rise 9% in 2011; Higher Deductibles Ahead
(DBN)

Medical liability reform, the White House version
(DBN)

State, city far behind schedule on hospital-bed closings
(DBN)

______________

Oil/Gas:

Lawmakers Cite 'Shortcuts' at BP
(DBN)

Maryland Senators Fear BP Bankruptcy Will Lead to Taxpayer Funded Cleanup
(DBN)

Betting Odds: BP, Oil Leaks, & Bankruptcy
(DBN)

Magnitude of Gulf of Mexico oil spill fuels concerns that BP may be bankrupted
(DBN)

Protecting shareholders takes back seat in BP mess
(DBN)

BP Bankruptcy Would Offer No Protection From Costs
(DBN)

BP credit rating slashed six notches by Fitch
(DBN)

Businesses Collapse Still Waiting on Their BP Check
(DBN)

BP is not alone in Gulf exposure
(DBN)

The `name that BP disaster’ contest
(DBN)

Governor Bobby Jindal told to Prepare for BP Bankruptcy
(DBN)

Congress members join call for BP escrow fund
(DBN)

Lawmakers to BP: Put up $20 billion
(DBN)

Oil spill takes big toll on some sectors
(DBN)

Key Dem says payouts to spill victims come before BP's stockholders
(DBN)

BP split would trap global assets in US
(DBN)

For BP, Breaking Up Would Be Hard to Do.
(DBN)

BP may face charges, but execs likely won’t
(DBN)

Pensioners In Horror, As BP Plunges Another 9%
(DBN)

Visiting Gulf, Obama Vows to Press BP on Spill Claims
(DBN)

Obama begins three-state tour of Gulf Coast
(DBN)

The High-Stakes Negotiating Game Between Obama and BP
(DBN)

Liberal DC think tank running White House response to BP?
(DBN)

BP Hires Goldman, Others for Spill Advice
(DBN)

BP's 5 Screw-Ups? Investigators Want to Know.
(DBN)

Alabama governor blasts response leadership
(DBN)

Catch and release only off Pensacola beaches
(DBN)

Cash Flows for BP, but Investors Worry
(DBN)

Investors desert oil giant
(DBN)

A Word To BP Shareholders
(DBN)

BP's growing isolation
(DBN)

BP's wrongs undercut what it's doing right
(DBN)

A Disaster, Privately Managed
(DBN)

BP engineer called doomed rig a 'nightmare well'
(DBN)

Will the Cruise Ship Industry Do BP's Dirty Work?
(DBN)

Louisiana Business Challenges Moratorium on Offshore Drilling
(DBN)

BP seen as the scourge of southern Louisiana
(DBN)

BP workers exposed to illness, injury from cleanup
(DBN)

Exxon, Chevron Seek Reprieve From Oil 'Crucifixion'
(DBN)

AGE expects to emerge from bankruptcy in September
(DBN)

______________

Awards:

Legal 500 Ranks Eight Bracewell Practices, Including Restructuring, as Leaders in the U.S.
(DBN)

Five Cole Schotz bankruptcy attorneys receive top marks
(DBN)

Weil Gotshal Raises the Bar in Chambers USA 2010
(DBN)

______________

Trucking:

YRC freight improves, cash burn continues
(DBN)

______________

Marine:

Trico Marine may file for bankruptcy protection
(DBN)

______________

Gambling:

Greektown scrambling after firm drops bid to manage bankruptcy exit
(DBN)

Casino manager exits case
(DBN)

Gambling debts send beleaguered former CalPERS board member back to Bankruptcy
(DBN)

______________

Agriculture:

Ag Lenders Face Heightened Regulatory Scrutiny
(DBN)

______________

Jewelry:

David Webb bought for $11M, exits Chapter 11
(DBN)

______________

Non-Profits:

FAIM files for bankruptcy
(DBN)

Museum leaders' pay: What they make and why
(DBN)

______________

 

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 Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Corporate Reform:

Sen. Lincoln Offers Clarifications on Plan to Spin Off Derivatives
(DBN)

US Banks Set to Lose Swaps Fight
(DBN)

______________

Evidence:

‘Unauthenticated’ Photo From Website Held Inadmissible
(DBN)

______________

Fraud:

Judge rebuffs RRA bankruptcy attorneys
(DBN)

Rothstein Partner Fails to Show Up for Deposition
(DBN)

Jeff Skilling's 3 Big Tips For Accused White-Collar Criminals
(DBN)

Wrestling With His Conscience, Madoff Took Antidepressants in Prison
(DBN)

Madoff Feeder Fund Claims Should Be Denied, SIPC Tells Court
(DBN)

Stanford's Co-Defendants Try to Flee the 'Circus'
(DBN)

Nacchio Learns the Hard Way the Miseries of ‘Con Air’
(DBN)

$300 Million Ponzi in Gold, SEC Says
(DBN)

Feds Say Ken Starr Ran $59 Million Ponzi
(DBN)

Goldman Hires Bush v. Gore Law Firm
(DBN)

What is it about good-looking French traders and the global financial crisis?
(DBN)

______________

Claim Allowance:

Third Circuit Overrules Long-Criticized Frenville Decision; Redefines When "Claim" Accrues for Future Claimants
(DBN)

______________

Baseball:

In Advance of Big Hearing in Rangers Bankruptcy, Some Key Revelations
(DBN)

Greenberg-Ryan could get $10M breakup fee
(DBN)

Report: HSG connived with creditors to sabotage sale of Rangers to Greenberg
(DBN)

Rangers Blocked From Making Better Deal by League, Lawyer Says
(DBN)

Rangers, creditors head back to bankruptcy court
(DBN)

Updates on Texas Rangers Bankruptcy
(DBN)

MLB rips lenders' assertions in Rangers bankruptcy hearing
(DBN)

______________

Autos:

Judge weighs Visteon bankruptcy disclosure
(DBN)

Visteon files new reorganization plan
(DBN)

UAW Chief Urges Union to Keep Fighting
(DBN)

Retiring UAW chief says worst of auto crisis past
(DBN)

Auto recovery czar stepping down
(DBN)

Cadillac preparing to welcome back hundreds of franchisees
(DBN)

Ontario to hold off on sale of GM stake
(DBN)

New Strike Threats at Honda Parts Plant in China
(DBN)

In China’s Honda Factories, Two Unlikely Labor Leaders
(DBN)

Ford Sales Decline Again in Europe
(DBN)

______________

Insurance:

Ambac Has Alternatives to Bankruptcy, Chairman Says
(DBN)

Ambac Soars as Chairman Says Routes Around Bankruptcy
(DBN)

AIG to Be Final Insurer on TARP as Lincoln Plans Exit
(DBN)

______________

Telecoms:

Las Vegas telecommunications companies seek bankruptcy
(DBN)

Fairpoint Thinks It's A Good Time To Ask For Less Regulation
(DBN)

______________

Tech:

ID Interactive files Chapter 11
(DBN)

______________

Celebs:

Andre Chreky Strikes Deal To Keep Control Of D.C. Salon
(DBN)

NV Supreme Court hears arguments in O.J. Simpson appeal
(DBN)

Ex-NBA star due in Vegas court in casino debt case
(DBN)

Bank wins $1.2M against ‘Top Chef’ Dean
(DBN)

Artist Thomas Kinkade faces DUI arrest, bankruptcy
(DBN)

Brunell, Former Jags Face Several Loan Defaults
(DBN)

______________

UK:

Vantis shares suspended amid survival fears
(DBN)

OBR slashes economic growth forecasts
(DBN)

British inflation pace slows in May
(DBN)

______________

EU:

Debt Burden Falls Heavily on Germany and France
(DBN)

After Euro Zone Crisis, What Next?
(DBN)

Here's Everything You Need To Know About Who's Exposed In Europe
(DBN)

______________

Canada:

The new face of debt
(DBN)

Canwest creditors back newspaper restructuring
(DBN)

______________

Greece:

European Debt Crisis: Moody's Cuts Greece Government Ratings to Junk
(DBN)

Greece rejects Moody's 'junk' status rating
(DBN)

Wind Hellas Talks to Creditors as Greek Austerity Hurts Sales
(DBN)

______________

Spain:

Spain sees credit squeeze, denies EU rescue bid
(DBN)

______________

China:

China bank watchdog warns of bad-loan risk, other dangers
(DBN)

______________

France:

France Ready to Make Cuts Despite Pain
(DBN)

Sarkozy Criticized for Trying to Influence Sale of Le Monde
(DBN)

______________

Germany:

Primacom files for insolvency protection
(DBN)

Angela Merkel's government threatened with collapse
(DBN)

German Investor Sentiment Plunges on Debt Crisis
(DBN)

______________

Australia:

Duff misses debt payments deadline
(DBN)

______________

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).