March 1, 2010

The Daily Bankruptcy News

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Law:

Last Week in Layoffs
(DBN)

If You Bail on Biglaw, Do You Have to Repay Your Deferral Stipend?
(DBN)

Debevoise Sees Big Decline in Profits, Revenue
(DBN)

Revenue Falls 11 Percent, Profits Rise at Dewey
(DBN)

Memo to Firm Leaders: Don't Go Overboard
(DBN)

Former Rothstein pal is set to be deposed
(DBN)

2010 CA Lawyers of the Year
(DBN)

Michael Wolff: The undertaker
(DBN)

Not your average Joe (Kennedy)
(DBN)

Donchess & Notinger, P.C. Claim Bankruptcy of Financial Resources Mortgage and CL&M Creating Financial Hardship
(DBN)

DOJ Settles Kickback Case With Troutman Sanders Partner
(DBN)

New York University Wins Fee Bid for Preserving Assets From Hedge Fund
(DBN)

FTC to Appeal ‘Red Flags’ Rule Requiring Law Firms to Implement ID Theft Measures
(DBN)

Advice for Solos to Survive a Struggling Economy
(DBN)

Repackaging for non-legal career: LEVERAGE
(DBN)

Lateral Recruiting in London Plummets
(DBN)

For the first time in years, the population of minority lawyers at big law firms is shrinking
(DBN)

Deal Makers and Breakers: Female Powerhouses and The Corporate Arena
(DBN)

How Bank of New York Mellon fought off a $23bn tax claim by the Russian Government
(DBN)

Excessive leaking & gossiping scream law-firm dysfunctional culture
(DBN)

Small law firms adapt faster
(DBN)

Tribe Headed to Justice Department
(DBN)

Former City Attorney Pleads to Felony in Courthouse Sex Case
(DBN)

"They’re overlawyered. They’re poisoned by lawyers."
(DBN)

Craigslist Ad: I’ll Sell Law Degree That Cost Over $100K for $59K Student Loan Balance
(DBN)

Bracewell & Giuliani MP Criticizes Naked Woman Art Display
(DBN)

At the Movies: Keeping Up with the Kunstlers
(DBN)

For New Yorkers Without A Snow Buddy
(DBN)

Toyota Withheld Docs in Rollover Cases, Says Former In-Houser
(DBN)

Driven Lawyers Hold Their Happiness Hostage, Recruiter Says
(DBN)

Ex-Prosecutor Gets FedEx Package Full of Marijuana
(DBN)

Former Law Dean Who Made $787K Asked to Return $60K; Another $350K Questioned
(DBN)

Meet the New NALP Recruiting Guidelines, They’re Substantially Similar to the Old NALP Recruiting Guidelines.
(DBN)

Firms Breathe Sigh of Relief Over NALP Change on Recruiting?
(DBN)

‘Hi Andrew, This is David. Will You Investigate Me, Please?’
(DBN)

Say What?!
(DBN)

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Judges:

Meet The William Rehnquist You Didn't Know
(DBN)

Judge Reprimanded for Pulling Out Gun in Courtroom
(DBN)

Cheating on FantasySCOTUS?
(DBN)

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Wall Street:

Stock Futures Climb Ahead of Opening
(DBN)

Talk of Greek plan, copper lift world stocks
(DBN)

Investors Scorn Bullish Forecasts
(DBN)

Hot Club Suffers Without Investment Bankers
(DBN)

Stocks edge higher after mixed economic news
(DBN)

Mixed Economic Data Leads to Marginal Monthly US Stock Gains
(DBN)

A Choir Boy Battles Wall Street
(DBN)

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Layoffs:

Union Pushes for Its Own Jobs Plan
(DBN)

Blaming The Weather For High Unemployment
(DBN)

National and State by State Unemployment Rates
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Animated Map of Unemployment
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Enron:

Former Enron CEO could see new trial
(DBN)

“Honest services” fraud: Round 3, Argument preview
(DBN)

Finding Untainted Jurors in the Age of the Internet
(DBN)

Pregaming Jeff Skilling's Big Day at the Supreme Court
(DBN)

Justices to Weigh Venue Issues in Skilling Case
(DBN)

Can Enron's Jeff Skilling Get A New Trial?
(DBN)

Next Up For The Unstoppable Sri Srinivasan: Jeff Skilling Defense
(DBN)

Appeal of Enron Exec: Failure is Not a Crime
(DBN)

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Chapter 13:

Trustee's Reply Brief in Lanning
(DBN)

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Personal Finance:

Hot strategy for the wealthy: File Chapter 11
(DBN)

70.5 is the new 65
(DBN)

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Chemicals:

Apollo positioned to win fight for Lyondell
(DBN)

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Banking:

FDIC Auctions Overdue Loans of Silverton, New Frontier, IndyMac
(DBN)

Warren Buffett rails against big bank executives
(DBN)

Citigroup Asset Sale Plan Gets a Lift
(DBN)

Largest US privately held bank still hasn't paid back TARP loan
(DBN)

Soros swoops in, takes another bank
(DBN)

Ken Lewis Destroys BofA: Gets $83M
(DBN)

Ben the bank czar
(DBN)

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Credit Cards:

What The CARD Act Means for Businesses
(DBN)

Does A Credit Card Issuer Have A Security Interest In Good Purchased On Card?
(DBN)

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Student Debt:

How to fix student loans; problems with private lenders
(DBN)

No mercy for debtors
(DBN)

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Gambling:

Population dearth doomed Casino MonteLago at Lake Las Vegas
(DBN)

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Aviation:

JAL reports 177.9bn yen loss
(DBN)

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Lehman:

Lehman Brothers settles JPMorgan's $7.68bn claim
(DBN)

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Mail:

The Crisis Is in the Mail
(DBN)

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Economy:

Housing sales drop; GDP revised upward
(DBN)

Jobs Report Critical After Mixed Economic Data
(DBN)

Manufacturing Returns to Growth In 2010
(DBN)

IMF Chief Wants New Global Currency
(DBN)

Berkshire Hathaway Annual Letter Offers Good News/Bad News
(DBN)

Soros Unhappy With Bailouts
(DBN)

Academics on What Caused the Financial Crisis
(DBN)

Many Americans See 'Chinese Century'
(DBN)

McCain Sees Irony in Paulson's Reforms
(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 resales drop for second consecutive month
(DBN)

Why Existing Home Sales Are Flat, Not in Free Fall
(DBN)

Some "Chatter" on Mortgage Principal Reduction
(DBN)

Another Foreclosure Alternative
(DBN)

Freddie Single-Family Mortgage Book Grows to 4% Delinquency
(DBN)

Will Underwater Homeowners Make Waves?
(DBN)

Home Prices Will Not go up Anytime Soon, Say Analysts
(DBN)

Liening on NY homeowners - Chase and law firm draw scrutiny over tactics in foreclosure cases
(DBN)

And The World’s Longest Trial Mod Is…
(DBN)

Homeowners rent out rooms to hang onto houses
(DBN)

Elizabeth Warren on the Coming Commercial Real Estate Crisis; 3000 Community Banks at Risk
(DBN)

As Commercial Real Estate Weakens, Moody’s Considers Action on Related CDOs
(DBN)

Fannie Seeks $15.3 Billion in Additional Aid
(DBN)

Risk Re-Defined: Fannie, Freddie & Unlimited Credit
(DBN)

Fannie Mae in Gigantic $74.4 Billion Losses for 2009
(DBN)

Freddie Mac Getting Out of Interest-Only
(DBN)

Freddie Mac Jan portfolio down, delinquencies jump
(DBN)

Freddie Mac's, Fannie Mae's behavior is the same as predatory lenders
(DBN)

Burning down the house: Obama must turn his attention to mortgage crisis
(DBN)

Bid to Curb Tax Break on Mortgages Falters
(DBN)

Growing Trend of Mortgage Insurance Claim Denials are Costing Servicers
(DBN)

Struggling homeowners file lawsuits against Pasadena-based OneWest Bank
(DBN)

Mortgage Rates Rise; 30-Year Crests 5%
(DBN)

Man who razed home might take business next
(DBN)

Builders Get Work From Banks
(DBN)

Warren Buffett sees housing market bouncing back by 2011
(DBN)

Power pair's harsh 'realty'
(DBN)

A Real Estate Oasis in the Desert Dries Up
(DBN)

Appaloosa Sues to Stop Stuy-Town Foreclosure
(DBN)

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AIG:

AIG Loss Bigger Than Estimated
(DBN)

AIG posts quarterly loss of $8.9 billion
(DBN)

Insurance giant AIG suffers $11 billion yearly loss
(DBN)

Prudential PLC Closes In on AIG Unit
(DBN)

AIG Chairman Critiques Pay Caps
(DBN)

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Fraud:

Ruling to put spotlight on fraud cases
(DBN)

Lawyer-Turned-Money Manager Pleads Guilty in Alleged $397M Ponzi Scheme
(DBN)

On Snowy Long Island, Feds Probing Alleged Kickbacks at Hedge Fund
(DBN)

Madoff Whistle-Blower Slams SEC in New Book
(DBN)

Fame has changed fraud investigator's life
(DBN)

Top 10 Madoff substitute names…
(DBN)

Executive says he was ready to kill Madoff
(DBN)

Grain dealer gets 9 years in $27M Ponzi
(DBN)

Ritchie Capital isn't giving up on Polaroid
(DBN)

British court: Stanford scheme centered in Antigua
(DBN)

What's Chinese for Ponzi ?
(DBN)

Enron review could free Conrad Black
(DBN)

'Billionaire' may face fraud charges
(DBN)

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Corporate Reform:

Senate financial reform talks snag on watchdog
(DBN)

Dodd Scraps Obama's Consumer Agency, Proposes Treasury Bureau
(DBN)

Details Emerge On Key Parts of Financial Reform Bill
(DBN)

Let the S.E.C. Help Itself
(DBN)

Fringe Banking, Financial Distress, and the Consumer Financial Protection Agency
(DBN)

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Autos:

US Auto-Sales Recovery May Hit 'Speed Bump' on Snow, Toyota
(DBN)

Toyota Recall Crisis Said to Lie in Cost Cuts, Growth Ambitions
(DBN)

U.S. is cast as villain in Japan
(DBN)

Toyota to hold pay advantage over GM, Ford years into future
(DBN)

Lawmaker: Toyota withheld crash lawsuit evidence
(DBN)

The Real Scandal Behind the Toyota Recall
(DBN)

The Great Toyota Witch Hunt
(DBN)

A Lexus owner’s frustrating journey through complaint process
(DBN)

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Finance:

CIT Plans First Bond Sale Since Exiting Bankruptcy
(DBN)

Credit Unions: Lift Cap on Small Biz Loans
(DBN)

Corporate Bond Returns Rise Most in Five Months
(DBN)

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Corporate Governance:

Delaware Court of Chancery Imposes Personal Jurisdiction on Singapore Resident Serving as LLC "Manager"
(DBN)

The persistent fiduciary duty minefield in LLCs
(DBN)

A Closer Look at Buffett's Letter to Berkshire Shareholders
(DBN)

Some CEOs Are Selling Their Companies Short
(DBN)

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Private Equity:

‘Golden Era’ May Elude Private-Equity Investors as Prices Rise
(DBN)

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Debt Collection:

FTC Reports Jump in Debt Collection Complaints
(DBN)

State AG Seizes $12 million in Assets in Debt Settlement Action
(DBN)

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Sovereigns:

Why Sovereign Is the New Black
(DBN)

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Consultants:

Former Corporate Restructuring Attorney Shira D. Weiner Joins Kurtzman Carson Consultants
(DBN)

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Fashion:

Lacroix Brand Signs String of Deals
(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)

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State Bar of Texas - Bankruptcy law section newsletter
(DBN)

Celebs:

Mr. Las Vegas Wards Off Debt Collectors
(DBN)

Trump Says Bankruptcy Is Not Part Of His Brand
(DBN)

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Derivatives:

It’s Time for Swaps to Lose Their Swagger
(DBN)

Casino Royale
(DBN)

So Why Hasn't the Credit Default Swaps Casino Been Shut Down?
(DBN)

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Accounting:

DOJ Defends Document Request Targeting Deloitte
(DBN)

Female accountants paid 60% less than men
(DBN)

KPMG Knows You’re Feeling Like a Fatty
(DBN)

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Resorts:

Fortress Said to Be Near Intrawest Debt Restructuring Deal
(DBN)

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Oil/Gas:

AGE Refining expecting to emerge from Chapter 11 soon
(DBN)

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Litigation:

Step 4 for Legal Holds: Implementation
(DBN)

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Tax:

UBS Tax Case Still Twisting And Turning
(DBN)

Getting Ready for Higher Taxes
(DBN)

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Compensation:

Firms Move Gingerly to Rescind Salary Cuts
(DBN)

Big pay for CEOs turning consultants
(DBN)

Executive Compensation and Public Outrage
(DBN)

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Hollywood:

Metro-Goldwyn-Mayer Said to Seek Bids by Mid-March
(DBN)

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Health Care:

North General looks for survival solutions
(DBN)

Medicare Payment Cuts for Docs Due to Start Monday
(DBN)

Report: Workers hidden on Jackson payroll
(DBN)

Why Is Health Care So Expensive? Let Us Count the Conspirators
(DBN)

Self Employed Push to Repeal Health Care Tax
(DBN)

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Aerospace:

Sea Launch — Financially Speaking...
(DBN)

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Municipalities:

JP Morgan: 'California a bigger risk than Greece'
(DBN)

Actuaries Going Ballistic
(DBN)

More calling for Lawrence receivership
(DBN)

Chapter 9 in city's future? Report says Johnstown should consider bankruptcy
(DBN)

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Disclosure:

11th Circuit Confirms That Potential Claims And Lawsuits Must Be Disclosed Or A Debtor Will Be Judicially Estopped From Pursuing Them.
(DBN)

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Hotels:

The mission: Keep hotels out of bankruptcy
(DBN)

Stabilized banks will signal hotel recovery
(DBN)

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UK:

Money crunch hampering many Premier League sides
(DBN)

The ins and outs of the football creditor rule
(DBN)

Greece Now, UK Next as Scots Investors Ready for 20-30% Plunge in Pound
(DBN)

Moore Stephens confident on buyer for Reader's Digest
(DBN)

Five million Brits 'permanently overdrawn'
(DBN)

Government makes bankruptcy even more expensive
(DBN)

UK's Biggest Landlord in No Hurry to Buy Properties, CEO Says
(DBN)

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EU:

Euro-zone manufacturing PMI at 30-month high
(DBN)

Eurozone unemployment steady at 9.9 percent in Jan
(DBN)

Soros 'at center of hedge funds plot to cash in on demise of the euro'
(DBN)

Euro in most difficult phase since launch - Merkel
(DBN)

Merkel Seeks to Damp 'Emotions' as Greek Crisis Weighs on Euro
(DBN)

Germany's frugality bemoaned for inhibiting euro zone growth
(DBN)

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Greece:

Time for Goldman to Come Clean
(DBN)

Europe Union Moves Toward a Bailout of Greece
(DBN)

Greeks struggle to cut back on spending during debt crisis
(DBN)

Rehn Urges Greece to Take New Steps to Cut Budget Gap
(DBN)

EU Demands Greece Reduce Deficit as Bloc Crafts Aid
(DBN)

Germany, France Mull 30 Billion-Euro Aid for Greece
(DBN)

Greek Rescue Taking Shape: Report
(DBN)

Greece may take more debt steps as EU visit looms
(DBN)

EU finance chief heads to Athens Monday
(DBN)

Greece urges expatriates to help cut its debt
(DBN)

Greek deal puts Goldman Sachs in the firing line – again
(DBN)

IMF Role in Greek Crisis Is Limited
(DBN)

Blame It On Derivatives, Blame it On Goldman Sachs, Blame It On the Nazis. But Don’t Blame the Greek Crisis on Greece
(DBN)

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Canada:

Debt in Canada: The Ticking Time Bomb
(DBN)

Radius Files Notice of Intention to Make a Proposal to Creditors
(DBN)

Reorganization proceedings continued notwithstanding allegations of conflict
(DBN)

CRA deemed trust trumps contractual right to set off
(DBN)

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Spain:

The Stakes in Spain: A Little Exaggerated
(DBN)

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Romania:

Crisis-hit property sees boom in insolvency
(DBN)

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Thailand:

Bombs Hit Bangkok Bank After Thai Court Seizes Thaksin Money
(DBN)

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Australia:

Lenders turn the screw on debt-burdened borrowers
(DBN)

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Middle East:

Insolvency laws 'outdated and inconsistent'
(DBN)

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