June 9, 2010

The Daily Bankruptcy News

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Law:

Clients Just Saying No To Paying for Summer Associates
(DBN)

Welcome, Summer Associates! We’re Glad You’re Here, but Clients Aren't
(DBN)

A Memo for Summer Associates: Bizarro World
(DBN)

Like Your Lawyer’s Prediction? Good, Now Ignore It
(DBN)

NY BigLaw Firm Adds to "Bench" in Bankruptcy Practice
(DBN)

King & Spalding Helps BofA Settle FTC Charges Against Countrywide
(DBN)

Toyota Investors Vie for Lead-Plaintiff Lawsuit Spot
(DBN)

Judge Delays Appointing Lead Counsel in Toyota Shareholder Litigation
(DBN)

Senate Committee Wrestles With Oil Spill Liability Issues
(DBN)

K&L Gates: Closed to Associate Mothers?
(DBN)

Winston & Strawn Tries To Rewrite History By Editing Out a Problematic Partner
(DBN)

Rule Twelve
(DBN)

Ex-White House Lawyer Posts $750K Bail in Case Over Alleged Murder Attempt on Attorney Wife
(DBN)

4 Things Every Recent Female Law Grad Needs to Learn
(DBN)

Billionaire Sex Offender Settles Legal Fee Dispute
(DBN)

Utah Gearing Up For Its First Firing-Squad Execution Since ‘96
(DBN)

Michigan Lawyer Ryan Hill Has a Funny Way of Showing ‘Marriage Matters’
(DBN)

Too yellow?
(DBN)

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Judges:

Sotomayor Looks to Scalia While Announcing Civil Pro Decision
(DBN)

Kagan and the Cert Pool: Should She Jump In?
(DBN)

Kagan Not a Souter-Style Stealth Candidate, Says Former Acting SG
(DBN)

Kagan's Brushes With the Boldfaced (While a Supreme Court Clerk)
(DBN)

Rock On, NY Judges, Rock On!
(DBN)

Judicial Candidate Defends Robocalls on Jurisdictional Grounds
(DBN)

Judge Considering Fraud Claims in Banana Workers’ Suit Says She Was Threatened
(DBN)

Judges Can Moonlight as Artists, Says Ethics Panel
(DBN)

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Wall Street:

Stock futures narrowly mixed ahead of opening
(DBN)

Late Surge Carries Stocks Higher
(DBN)

Wall Street's failure to communicate
(DBN)

Wall Street's Advice to Joran van der Sloot
(DBN)

Wall Street's Biggest Bears
(DBN)

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Layoffs:

Senate tax bill omits COBRA subsidy extension
(DBN)

Bosses more bullish on hiring
(DBN)

A Few Steps Short on Jobs
(DBN)

Job turnover remains scarce in April, U.S. says
(DBN)

Fed's Evans Says May Labor Report 'Disappointing'
(DBN)

Job Prospects in LA Dim
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Kerviel Seeks to Show That SocGen Knew of His Trading
(DBN)

Kerviel Tells Paris Court Nothing Hidden From His SocGen Bosses
(DBN)

Who is Jerome Kerviel? Court tries to crack case
(DBN)

Goldman's "Four Corners" Strategy Ticks Off the FCIC
(DBN)

Crisis Panel Accuses Goldman of Stalling
(DBN)

What Will the FCIC's Goldman Subpoena Uncover?
(DBN)

The Other Thing Warren Buffett And Goldman Sachs Have In Common
(DBN)

Shaming Goldman: mission impossible
(DBN)

A bad quarter coming for Goldman Sachs?
(DBN)

Smurfs guru Stuart Ross jailed in $11M plot to extort son-in-law David Blitzer
(DBN)

Ex-girlfriend ordered to pay in Rivas scheme
(DBN)

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Lehman:

Lehman Seeks to Invest $255 Million in 237 Park Avenue Tower
(DBN)

Lehman Slams SunCal Bid To Block Deal
(DBN)

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Mass Torts:

Congoleum Corporation Plan of Reorganization Confirmed
(DBN)

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Gambling:

Demolition of Oasis Casino expected to cut expenses for Black Gaming
(DBN)

Laughlin casino developers file for bankruptcy
(DBN)

Michigan panel to meet on transfer of Greektown Casino ownership
(DBN)

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Corporate Reform:

Reform By Committee Will Fail, Warren Says | WBUR
(DBN)

Leading Men of U.S. Financial Regulation
(DBN)

Law of diminishing returns
(DBN)

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Miscellaneous:

Emerging from a stewpot - Companies reorganizing under Chapter 11 enter hard-boiled negotiations for their survival
(DBN)

Attorneys anticipate increasing activity as assets send distress signals
(DBN)

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Litigation:

E-Discovery: A Litigator's Perspective
(DBN)

BankUnited creditors seek suit against former executives
(DBN)

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Baseball:

Texas Rangers Seek to Hire Perella Weinberg as Investment Banker
(DBN)

D.C. Lawyers Flock to Field for Strasburg's MLB Debut
(DBN)

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Economy:

Small-Business Confidence in US Rose in May to 20-Month High
(DBN)

Stimulus Talk Yields to Calls to Cut Deficits
(DBN)

Fed's Duke Says 'Burdened' US Consumers May Be Slow to Return
(DBN)

US Debt is Not Approaching 100% of GDP
(DBN)

It's the Economy, Mr. Bernanke
(DBN)

Survey: It's a Riskier World
(DBN)

Babson Capital to Trim Equity on US Downturn Bet
(DBN)

Showdown on Fund Taxes
(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:

Mortgage Fraud Risk Up 11% in Yearly Index
(DBN)

Where is the CRE/CMBS crash?
(DBN)

Despite Narrow Monthly Gain, House Prices Fall 2.8% from 2009
(DBN)

BofA Subprime Settlement a Sign of the Times for Countrywide
(DBN)

Tousa proposes bonuses for remaining 29 employees
(DBN)

Millions in unpaid bills left in dust of Elevation Chandler bankruptcy
(DBN)

Bank of America Puts Short Sales Ahead of REO
(DBN)

Strike Strategic Default: Survey Finds Mortgage Payments Remain Borrower Priority
(DBN)

GE Capital to Slash CRE Holdings in Half
(DBN)

Homeowner Frustrations Over Chinese Drywall Shift to Suppliers
(DBN)

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Chapter 13:

Supreme Court Rules in Lanning
(DBN)

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Retailing:

Dollar General profit tops expectations
(DBN)

Sun Capital's Drug Fair confirms liquidating plan
(DBN)

Chapter 11 hits San Jose's Hacienda Gardens
(DBN)

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Aviation:

With Profits Near, Airline Leader Throws Down Gauntlet With Labor
(DBN)

Airlines body slams German air travel tax plans
(DBN)

Reviving Fast Lanes at Security
(DBN)

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Municipalities:

Public Pensions Could Bankrupt California
(DBN)

Central Falls state receivership faces opposition in court and on streets
(DBN)

Central Falls, RI, court-takeover hearing delayed
(DBN)

Muni Bond Issuer Tests Receivership As Answer To Fiscal Woes
(WSJ: separate paid subscription required)

Once Considered Safe, Municipal Bond Defaults May Rise
(DBN)

It's All Greek to Albany
(DBN)

Grand Jury Says City Should Consider Bankruptcy
(DBN)

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Food/Drink:

Bankrupt operator of 4 IHOPs given 2 weeks to resolve tax issues
(DBN)

Owner of 5 TGI Friday's files for bankruptcy protection
(DBN)

Rubashkin Cleared of Child-Labor Charges
(DBN)

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Private Equity:

Return to 'bolt-on' deals
(DBN)

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Accounting:

PwC face investigation over JP Morgan audit
(DBN)

Accountants to sue funk legend George Clinton
(DBN)

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Building Materials:

Columbus Wood Products owners seek bankruptcy to wrest control from bank
(DBN)

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Tech:

Microsoft seeking to restructure debt
(DBN)

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Small Business:

Small-Business Confidence in US Increased in May
(DBN)

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Video Rentals:

Blockbuster Debt Falls as Bankruptcy Loan Offered, Analysts Say
(DBN)

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Personal Bankruptcy:

Only a fraction of those in need file for bankruptcy
(DBN)

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Bankruptcy Statistics:

Phoenix bankruptcy filings fall in May
(DBN)

St. Louis business bankruptcies highest since '92
(DBN)

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Marine:

Henry Marine Service Inc. files for bankruptcy
(DBN)

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AIG:

To justify AIG's bailout, regulators overlooked its colossal problems
(DBN)

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Politics:

Real Disposable Income: Bad News for Democrats? - After tax income is declining for many
(DBN)

The Tea Party: Tax Cuts And Smaller Government, But More Red Ink
(DBN)

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Consumer Credit:

First Quarter Credit Card Charge-offs Increase, Delinquencies Decline
(DBN)

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Hockey:

Glendale approves proposal in bid to keep NHL Coyotes
(DBN)

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Distressed Investing:

Distressed Funds Suffered Large Losses in May
(DBN)

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Finance:

Usury on Prosper
(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 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:

New bankruptcy filings are ebbing, but the billion-dollar Chapter 11 bonanza of 2008 and 2009 still haunts us
(DBN)

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Compensation:

Fed Finding Status Quo in Bank Pay
(DBN)

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Oil/Gas:

BP Warned by Gov’t Agencies, Vinson & Elkins of Potential Issues at Multiple Sites
(DBN)

Boycott BP? For What?
(DBN)

U.S. and BP slow to accept Dutch expertise
(DBN)

Gulf oil leak may be bigger than BP says
(DBN)

BP to donate oil revenues to wildlife fund
(DBN)

BP: Fishermen getting bulk of compensation checks
(DBN)

Oil Drilling to Reopen
(DBN)

Interior Department imposes new drilling safety requirements
(DBN)

Ken Salazar, fed agencies slapped with lawsuit over drilling ban
(DBN)

Congress mulls boosted liability for drilling firms and oil companies
(DBN)

Moratorium to cut 25 mln bbls of 2011 US crude
(DBN)

Will BP be bought or bankrupt?
(DBN)

Level of Staffing On Rig Is Questioned
(DBN)

BP Becomes Lawmakers’ ‘Pinata’ as Oil-Spill Hearings Reach 28
(DBN)

Deepwater Drillers: Analysts Cut Bait
(DBN)

Rate of Oil Leak, Still Not Clear, Puts Doubt on BP
(DBN)

Oil spill cleanup faces 'an enemy that changes'
(DBN)

Why BP CEO Tony Hayward hasn't been fired yet
(DBN)

BP Indirectly Funded Rahm Emanuel's Rent-Free (and Tax-Free) Use of Capitol Hill Townhouse
(DBN)

Fickle oil slick scatters its threats across Gulf
(DBN)

Take spill forecasts with grain of salt water
(DBN)

Coastal communities react
(DBN)

Toxic Undersea Oil Plumes Lurk in Gulf of Mexico
(DBN)

Chevron's $27 billion liability In Ecuador
(DBN)

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Insurance:

Ambac May File Pre-Packaged Bankruptcy as Regulators Limit Cash
(DBN)

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Credit Cards:

Zywicki on Interchange
(DBN)

The Interchange Cross-Subsidy: False Analogies
(DBN)

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Autos:

Auto parts maker Holley to emerge from bankruptcy
(DBN)

Report: GM to reinstate more dealers
(DBN)

Closing Chrysler Dealer Refuses To Go Silently
(DBN)

German committee rejects GM aid request
(DBN)

Germany denies committee rejects GM aid request
(DBN)

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Tax:

Lampert’s $829 Million Payout May Shield Him From Tax Increase
(DBN)

After Swiss Vote, UBS/DOJ Deal Suddenly Looking Less Certain
(DBN)

Legacy for One Billionaire: Death, but No Taxes
(DBN)

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Banking:

WaMu shareholders file second motion for examiner
(DBN)

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Telecoms:

FairPoint report shows credit default, big loss in ’09
(DBN)

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UK:

Manchester United Owner's Debt Troubles Fans
(DBN)

Fitch Says Cameron Faces 'Formidable' UK Debt Task
(DBN)

HMRC to veto Portsmouth CVA
(DBN)

Northern Rock Plans to Cut 650 UK Jobs by Year End
(DBN)

Corbett’s Bookshops takes on administrators
(DBN)

Griffins Insolvency Practitioners challenges Pompey administrators with higher return
(DBN)

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EU:

EU finance ministers seek European bank tax
(DBN)

EU tightens oversight of governments
(DBN)

Govt rejects EU budget peer review deal
(DBN)

Are Europe's political elite on course to destroy the EU?
(DBN)

Europe's Rescue Fund Won't Halt Sovereign Debt Crisis, RBS Says
(DBN)

EU Debt Unlikely to Reignite Bank Crisis, Ingves Says
(DBN)

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Greece:

Greek Finance Minister: Budget Is "On Track"
(DBN)

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Hungary:

Hungarian Leader Announces 29-Point Budgetary Plan
(DBN)

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Brazil:

Brazil's First-Quarter GDP Expanded 9% From Year Ago
(DBN)

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Switzerland:

Switzerland: Home of Chocolate, Cuckoo Clocks and BigLaw
(DBN)

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