June 23, 2010

The Daily Bankruptcy News

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Law:

In Law Schools, Grades Go Up, Just Like That
(DBN)

What's So Bad About Grade Inflation?
(DBN)

New federal legislation could regulate bankruptcy attorneys
(DBN)

Plaintiffs Lawyers Gather to Strategize Oil Spill Suits
(DBN)

Law Firms Express ‘Growing Enthusiasm’ for Contract Lawyers
(DBN)

Firms Predict More Cuts in Non-Equity Partners, Support Staff
(DBN)

For Law Firms, Cost-Cutting and Alternative Fees Here to Stay
(DBN)

Baker & McKenzie Re-Deferrals Turn Into Rescinded Offers
(DBN)

With Firm on Life-Support, Rivals Eye Snatching Practice Teams
(DBN)

Kirkland Partner Will Represent BP in Criminal Investigation
(DBN)

Who Are The Lawyers Representing WikiLeaks?
(DBN)

Dechert Raids Fried Frank for Financial Institutions Trio
(DBN)

Williams & Connolly Gets Landmark CDO Defense Work
(DBN)

Faegre & Benson Helps Pigs Fight Unicorns
(DBN)

Pinsents sees PEP jump by a third
(DBN)

What a BigLaw Buddy Can Mean for Solos and Small Firms
(DBN)

Will the $20 billion Oil fund Make the Toyota Case Cool Again?
(DBN)

Career Advice for Women Lawyers: Fake It.
(DBN)

Do Lawyers Actually Read Boilerplate Contracts? Richard Posner and Evan Chesler don’t; do you?
(DBN)

In Their Words: Attorney Views About Costs and Procedures in Federal Civil Litigation
(DBN)

Attorney Allegedly Charged Cancun Trip on Client’s Credit Card
(DBN)

How Law Schools Can Produce Happier Students and Satisfied Lawyers
(DBN)

Marketing by the Numbers
(DBN)

Tips to Help Lawyers Resolve Conflicts -- in Cases and Beyond
(DBN)

Book of Rejection Letters Includes One from Princeton ‘Law School’
(DBN)

Men, Women Convicted for Mingling at Party
(DBN)

Real Ex-Law Student of New Jersey: Albie Manzo
(DBN)

New Head of Trial Lawyers Group Plans Charm Offensive
(DBN)

ABA OKs Another Law School, But Will Grads Rise From the Economic Ashes or Crash and Burn?
(DBN)

Funniest Lawyer in New York? This is Why God Invented Heckling.
(DBN)

Attorney Accused of Smuggling Heroin Into Jail
(DBN)

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Judges:

Kagan sought secrecy in 4 of 5 open gov't cases
(DBN)

Solicitors General Favor Kagan, With One Exception
(DBN)

Federal Judge Blocks Offshore Drilling Moratorium in Gulf of Mexico
(DBN)

Republicans Might Boycott Kagan Hearings
(DBN)

Barbara Houser Like You've Never Seen Her Before
(DBN)

Judge Rakoff Addresses Stanford Directors' College
(DBN)

Supreme Court’s Arbitration Ruling Draws Liberals’ Ire
(DBN)

Judge Who Was Famous for Fifteen Minutes in Anna Nicole Smith Case Puts Out a Book
(DBN)

Sealing Requests Aim to Manipulate Court, N.Y. Judge Says
(DBN)

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Wall Street:

Stocks set for higher open
(DBN)

Dow falls 149 on weak economic news
(DBN)

Energy Sector Leads Late Drop
(DBN)

Going, Going, Gone...Old Wall & Broad Street Sign Sells For $116,500
(DBN)

Ace Greenberg On Jimmy Cayne: “Dope-Smoking Megalomaniac”
(DBN)

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Layoffs:

Stocks slide on new concerns about housing, banks
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

As Law Takes Effect, Obama Gives Insurers a Warning
(DBN)

Forum negotiations continue
(DBN)

One step closer to sale
(DBN)

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Autos:

Is the GM IPO worth the trouble for JPMorgan, Morgan Stanley?
(DBN)

Is General Motors Rushing Its IPO?
(DBN)

Geithner says auto-related bailout losses to be less than expected
(DBN)

Ex-Chrysler dealer in Mo. sues for reinstatement
(DBN)

Chrysler, part-owned by gov't, spends $591,000 in 1Q to lobby on auto safety
(DBN)

Visteon to expand auto parts plant in China
(DBN)

Hecker bankers accused of financial maneuvers
(DBN)

SEC Must Ban Auto Czar Steven Rattner From Securities Industry
(DBN)

Feds take over Novi supplier's pensions
(DBN)

Nissan CEO earned $9.8 mln last year
(DBN)

Germany's Auto Industry is Thriving
(DBN)

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Accounting:

Bonus and Compensation Watch ‘10: Grant Thornton Delivers the Goods
(DBN)

Are Going Concern Opinions Associated with the Reversal of Financial Distress for Bankrupt Firms?
(DBN)

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Municipalities:

Millionaires Tax Plan Fails in NJ
(DBN)

Dallas: Fastest growing US city
(DBN)

Recession Keeps Cities Growing
(DBN)

San Diego May Declare Bankruptcy to Cut Benefits
(DBN)

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Bankruptcy Crimes:

Bankruptcy Fraud: Your Cheatin’ Heart
(DBN)

Moser is convicted of bankruptcy fraud for hiding assets
(DBN)

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Lien Priority:

"Trumping" Seniority: Recent Decisions in Westpoint Stevens and Trump Entertainment Allow Bankruptcy Process to Undermine Intercreditor Terms Between First-Lien and Second-Lien Lenders
(DBN)

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Surfing:

Quiksilver Strikes Gold With Debt for Equity Exchange
(DBN)

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Hollywood:

Lionsgate's Creditors Foil Icahn's Plan by Raising Change in Control Threshold
(DBN)

Hedge Funds Said to Back Spyglass to Run MGM
(DBN)

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Mining:

Patriot Plunges on West Virginia Mine Closure Costing 175 Jobs
(DBN)

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Baseball:

Texas Rangers Bankruptcy Judge Won't Approve Sale Plan Without Changes
(DBN)

Rangers expected to change bankruptcy plan
(DBN)

The possible fallout from bankruptcy ruling Rangers have "impaired" creditors
(DBN)

Texas Rangers Judge Sets July Reorganization Hearing
(DBN)

Judge: Creditors Can Block Rangers Sale
(DBN)

Judge's deadline won't help Rangers' hopes to add by trade
(DBN)

Texas Rangers GM says team can upgrade if necessary
(DBN)

Texas Rangers' bankruptcy could help New York Mets' hunt for Roy Oswalt
(DBN)

More statement happiness: Count Rangers Baseball Express among those pleased with Judge's ruling
(DBN)

Report: Ruling does not give lenders ability to veto sale of Rangers
(DBN)

Rangers, Lenders Agree on Restructuring Officer to Monitor Sale
(DBN)

Judge's ruling allows Tom Hicks' mess to linger over Texas Rangers
(DBN)

Mets' squeeze play
(DBN)

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Celebs:

'NJ Housewives' Foreshadows Teresa's Bankruptcy
(DBN)

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Identity Theft:

Namesafe Inc. files for bankruptcy
(DBN)

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Economy:

Poll Finds Deep Concern About Energy and Economy
(DBN)

Hypocritical Americans Claim To Be "Deeply Concerned" About Energy
(DBN)

That ’30s Feeling
(DBN)

Economists React: 'Next Few Months Will Be Tough' for Housing
(DBN)

Bernanke Economy May Get Boost From Stronger Chinese Currency
(DBN)

World's rich got richer amid '09 recession
(DBN)

The Poor Rich
(DBN)

When Caution Carries Risk
(DBN)

G-20 preview: Obama's stimulus plea to be ignored by Europe
(DBN)

Here Is How The UK's Emergency Budget Would Look In The U.S.
(DBN)

20 Must-See Charts On America's Disastrous Level Of Government Spending
(DBN)

Geithner Says Bailout Money Is Being Repaid
(DBN)

Credit not obstacle to growth: Geithner
(DBN)

Cancelled: There Will Be No Congressional Budget This Year
(DBN)

Hoyer: Permanent middle class tax cuts too costly
(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:

Purchases of US Existing Homes Unexpectedly Fall
(DBN)

Is May's Home Sales Decline an Alarming Signal of What's to Come?
(DBN)

Housing on the Rocks
(DBN)

Outlook for Home Prices Grows Darker
(DBN)

The Vast Foreclosure Backlog Shrinks a Bit
(DBN)

Americans Think House Prices Will Rise Again
(DBN)

Geithner says homeownership aid effort has limits
(DBN)

Battles in California Over Mortgages
(DBN)

California’s Tax Credit Bidding ‘Hasta La Vista’ To Buyers
(DBN)

Mortgage Delays Blamed in Home Sales Decline
(DBN)

Study: Subprime Lending Fueled by Campaign Cash
(DBN)

Hooking Bass (brothers) at Lake Las Vegas
(DBN)

Court Confirms Lake Las Vegas Plan of Reorganization
(DBN)

Apollo, Others Among Suitors For ResCap
(DBN)

Obama Administration Scorecard Tracks Housing Data, Foreclosure Mediation
(DBN)

Bond Defaults Stalk Michigan's Wealthiest as Home Prices Crash
(DBN)

Total Number of HAMP Permanent Modifications Passes 340,000
(DBN)

Design Firm Uses Icebergs to Hide Stalled Construction
(DBN)

Distressed CMBS Loans Up 41% in April, as Commercial Real Estate Prices Edge Higher
(DBN)

Life Companies Face Increasing CRE Loan Losses, Fitch Says
(DBN)

CMBS Dealflow Could Pave the Way for Revived CRE Finance
(DBN)

$75M Mansion Near Orlando Selling 'As Is'
(DBN)

Germantown Settlement unit gets court ultimatum on property
(DBN)

Sept. Sale Seen for Stuyvesant Town and Peter Cooper
(DBN)

Stuy Town – Who Got “Stuffed”?
(DBN)

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Oil/Gas:

Judge blocks offshore drilling ban
(DBN)

US to issue new oil drilling ban
(DBN)

Drilling's Sheriff Salazar Under Scrutiny After BP Gulf Spill
(DBN)

Legal drilling battle looms as Gulf spill spreads
(DBN)

"If some drilling equipment parts are flawed, is it rational to say all are?"
(DBN)

Federal judge owned oil stock
(DBN)

Oil Drillers Won't Rush Back to Deepwater After Judge Ends Ban
(DBN)

LoPucki: BP bankruptcy "increasingly inevitable?"
(DBN)

Bankruptcy Looming for BP?
(DBN)

A Bankrupt BP - Worse For The Financial World Than Lehman Brothers?
(DBN)

BP was on Roids
(DBN)

BP’s Hypocrisy Problem
(DBN)

U.S. public still backs offshore drilling
(DBN)

A $5B hitch for BP
(DBN)

BP Commission Comments Carry Bad News For Houston Economy
(DBN)

Well design may be hampering spill efforts
(DBN)

Feds bill BP, others $51.4 million more
(DBN)

Feinberg Ramps Up Compensation Fund
(DBN)

Faster Claims Payment Needed, Feinberg Says
(DBN)

That 'shakedown' could be a gift to BP
(DBN)

Head of Oil Spill Claims Fund Heads Back to Gulf
(DBN)

What BP was missing on Deepwater Horizon: a whistleblower
(DBN)

Tony Hayward As Zombie CEO
(DBN)

BP Magazine Discovers Bright Side to Oil Spill
(DBN)

BP Oil Disaster Costs U.S. State Pensions $1.4 Billion in Value
(DBN)

Big Oil Strikes Back, Slam Obama's Drilling Ban
(DBN)

We don't know. That's scary.
(DBN)

BP Faces More Complaints Over Wildlife Injuries
(DBN)

Internal Revenue Service may tax Gulf Coast damage claims
(DBN)

The Spill, The Scandal and the President: How Obama let BP get away with murder.
(DBN)

Spirit Airlines Ad Mocks BP Oil Spill
(DBN)

Anadarko is binary option on BP incompetence
(DBN)

Anadarko, BP May Use Cheaper Process on Spill Clash
(DBN)

A Colossal Fracking Mess
(DBN)

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Lehman:

JPMorgan Said Barclays Misled Judge in Lehman Deal
(DBN)

No love lost between Barclays' John Varley and JP Morgan's Jamie Dimon
(DBN)

Lehman Hearing Puts Diamond in a Rough Spot
(DBN)

KPMG Sells Another $600 MM of Lehman Asia Assets, But Long Road Ahead
(DBN)

Lehman Bankruptcy Court Rules That Safe Harbors for Derivatives Do Not Override Mutuality Requirement for Setoff
(DBN)

Barclays boss tells US court Lehman deal was 'riskiest week' of his life
(DBN)

Lehman assets a "dog's breakfast": Barclays president
(DBN)

Calpers joins Lehman creditor group
(DBN)

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Cross-Border:

The Forum Shopping Debate Heats Up for In-Bound Cross-Border Cases?
(DBN)

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Tax:

Would the IRS Take the Heisman Trophy as Payment for Back Taxes?
(DBN)

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Health & Beauty:

Calgon, take me away … again
(DBN)

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Aviation:

Turkish Cypriot airline thrown into chaos
(DBN)

JAL to encourage early retirement of 3300 more employees
(DBN)

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Ethanol:

Hawkeye Renewables emerges from bankruptcy
(DBN)

Ethanol Backers Mad at EPA Delay
(DBN)

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Construction:

Under pressure to fund benefits, unions demand dues
(DBN)

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Golf:

Palm Desert Country Club residents: Golf course is out of control
(DBN)

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Awards:

Haynes and Boone Wins Two National Awards for Rise Energy Acquisition of Pacific Energy Resources Controlling Interest
(DBN)

Chambers USA Ranks 24 Bilzin Sumberg High In Bankruptcy
(DBN)

The Lawyer Awards 2010: Winners!
(DBN)

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Distressed Investing:

Turnaround Firm Accretive Solutions Forms Investment Unit
(DBN)

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Newspapers:

Philly Papers' Owner Renamed As Chapter 11 Exit Looms
(DBN)

New management for Philadelphia Inquirer taking shape
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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 Alternatives:

Squeezing the Most Value from Distressed Assets: Is Chapter 11 Always the Best Way?
(DBN)

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Miscellaneous:

Texas Rangers, AbitibiBowater, Strauss, Garlock, Crucible: Bankruptcy
(DBN)

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Disclosure:

Hot tub moments are forever
(DBN)

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Corporate Reform:

Elizabeth Warren Should Head Consumer Agency, Brown Says
(DBN)

Auto exemption decision now lies in Senate hands
(DBN)

Auto dealers' proposed exemption moves ahead
(DBN)

The CFPA Auto-Dealer Exemption
(DBN)

New agency would help consumers save money: Warren
(DBN)

Administration to Congress: Reinstate Superfund taxes
(DBN)

Volcker Rule goes down to the wire
(DBN)

Congress sprints for Wall Street reform finish line
(DBN)

Congress nears deal on consumer protections
(DBN)

Mortgage Industry Urges Risk Retention Exemption in Financial Reform Act
(DBN)

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Crickets:

Florida Cricket Farm To Liquidate
(DBN)

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Private Equity:

Limited Partners Fear Coming Distressed Buying Boom
(DBN)

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Student Debt:

Crackdown Looming for Subprime Student Lenders
(DBN)

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Horse Racing:

Horse Racing Industry Saddled With Financial Meltdown
(DBN)

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Fraud:

U.S. Wants One Trial In Stanford Ponzi Case
(DBN)

The Madoff aftermath and charities: the curious case of the Howard Hughes Medical Institute and its new Form 990
(DBN)

Madoff's ex-finance chief released on bail in NYC
(DBN)

Rubashkin legal team vowing to fight conviction, 27-year sentencing
(DBN)

Judge Holds Hearings to Re-Sentence Ex-Qwest CEO
(DBN)

Large Rally for Rubashkin in Los Angeles
(DBN)

Prosecutor: Rubashkin deserves his 27-year sentence
(DBN)

Nine West Founder in the Clear Over Ponzi Investment - Investors can't sue each other
(DBN)

How prosecutors are ignoring Wall Street elite
(DBN)

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Committees:

Court Denies Bid for US Concrete Equity Committee
(DBN)

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Convenience Stores:

APPCO owner wants closed stores back
(DBN)

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Apparel:

Obama's fashion factory in Illinois may close
(DBN)

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Retailing:

Motion to convert Hackett's bankruptcy pulled
(DBN)

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Photography:

Records set at NYC Polaroid auction
(DBN)

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Banking:

J.P. Morgan names finance chief, shuffles execs
(DBN)

JPMorgan Sets Sights Overseas
(DBN)

US regulators see hope, threats in bank recovery
(DBN)

Bank overdraft fees diminish, but new ones are cropping up
(DBN)

Small Banks Late on Bailout Payments, Escape Outrage
(DBN)

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Credit Cards:

The Latest Credit Card Regulations from the Federal Reserve
(DBN)

Interchange Theory: Simultaneous Rent-Extraction from Both Merchants and Consumers
(DBN)

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Derivatives:

Failed AAA Rated Rembrandt Deal Spurs Outcry - "I don’t think it’s the job of the financial community to bewilder its clients"
(DBN)

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Politics:

Texas GOP Party Near Bankruptcy
(DBN)

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Turnarounds:

Going Overboard When Wooing Potential Clients
(DBN)

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UK:

BOE Splits on Rate as Sentance Pushes for Increase
(DBN)

Britain raises VAT sales tax to 20%
(DBN)

England Will Cut Corporate Taxes
(DBN)

Osborne gets UK's turnaround under way, say Turnaround Managers
(DBN)

Insolvency Service IT upgrade delayed
(DBN)

Insolvency rate among medium-sized firms reaches lowest point since September 2007
(DBN)

Insolvency stats show SMEs are weathering storm
(DBN)

Fear of cash flow problems for families across the UK
(DBN)

Facing Deficit, Britain Unveils Emergency Budget
(DBN)

UK makes sharpest cuts in decades in new budget
(DBN)

U.K.'s Pain Threshold Tested to Limit
(DBN)

Osborne to Tax Banks, Cut `Out of Control' U.K. Spending
(DBN)

British Banks' Mortgage Approvals Increase to Five-Month High on Low Rates
(DBN)

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EU:

Europeans act alone on bank tax before G20
(DBN)

European Consumer Confidence Holds Near Nine-Month Low on Cloudy Outlook
(DBN)

France, Germany and U.K. Support Bank Tax
(DBN)

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Canada:

Canwest Judge Calls TV Sale Dispute 'Ridiculous'
(DBN)

Canwest, shareholders fail to reach agreement
(DBN)

Busy Canada Builders Said to Scout for Acquisitions
(DBN)

Nortel creditors face another delay over process
(DBN)

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China:

China Sends Mixed Signals on Currency
(DBN)

As Chinese Wages Rise, Machines Replace Workers
(DBN)

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Russia:

$32Bln in Tax Debt All But Written Off
(DBN)

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Greece:

Credit Agricole Takes Bigger Writedown in Greece
(DBN)

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Spain:

Spanish Parliament to Vote on Labor Reforms
(DBN)

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Italy:

Sacconi Says Italy Jobless Rate May Keep Rising in Next Months
(DBN)

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New Zealand:

Health empire in trouble
(DBN)

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Ireland:

Even Druids saw benefits of clean slate for indebted
(DBN)

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Greece:

Greece can avoid debt restructuring - finmin
(DBN)

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Middle East:

Islamic Finance v. Islamic Bankruptcy
(DBN)

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