March 11, 2010

The Daily Bankruptcy News

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Law:

Kaye Scholer Will Pay Opponent’s Legal Fees After Judge Blasts Pleading
(DBN)

Rolling Stealth Layoffs Continue at McDermott Will & Emery
(DBN)

King & Spalding Announces New Pay Scale, Bonuses
(DBN)

"This Isn't the End of Big Law Firm Associates"
(DBN)

Chicago to $10 an Hour!
(DBN)

Howrey restructuring set to hit 10% of global partnership
(DBN)

Firm ditches managing partner role in top-level overhaul
(DBN)

High Court ruling that lawyers are ‘debt relief agents’ gets mixed reaction
(DBN)

Howdy Partner! For General Counsel, the Times, They Are a-Changin'
(DBN)

Prophet of Profit
(DBN)

S&C Joins General Growth Fray
(DBN)

Panel Discussion on In-House Work Spells Bad News for Young Associates
(DBN)

Hustle and Cash Flow: Firms Focus on Raising Revenues Back to Pre-Crash Levels
(DBN)

As Toyota staggers, lawyers step forward
(DBN)

Plaintiffs Lawyers Jockey for Venue in Massive Toyota Litigation
(DBN)

Solo Punished for Paying Paralegal a Percentage of Fees
(DBN)

Most adulterous professions
(DBN)

NYU 3L Takes Unemployment Plight to YouTube
(DBN)

70-Year-Old Lawyer Hits One-Year Mark in Jail in Contempt Case
(DBN)

Greenberg Lawyer Boies Leaves Cuomo’s Office After Deposition
(DBN)

Defections Continue at National Minority-Owned Firm
(DBN)

Former Receiver/Trustee Pleads Guilty to $2.6 Million Fraud, Faces up to 14 Years
(DBN)

Source: Former Sens. Breaux, Lott in Talks With Patton Boggs
(DBN)

After Serving His Time, Ex-Milberg Partner Lerach Blasts Wall Street
(DBN)

Cozen O'Connor Cozies Into New Manhattan Office
(DBN)

John Quinn Can Skip the Stairmaster
(DBN)

Yet Another Way the U.S. News Rankings Have Changed Law Schools
(DBN)

BigLaw Firm Takes the Cake in Annual Contest
(DBN)

Study Partly Blames Higher Law School Tuition on 40% Leap in Faculty Size
(DBN)

UT Law Fallout: Professors, Students Scramble
(DBN)

Business Partner Convicted in Mortgage Lawyer’s Shooting Death
(DBN)

Tort Lawyer, Onetime Reservist Plays Army Col. in ‘Green Zone’
(DBN)

Spouses have bathroom privacy rights
(DBN)

Police: Driver lacked razor-sharp focus
(DBN)

Friends Face Jail on Weapons Charge After Off-Duty Cop Is Hit by Snowball
(DBN)

TV's Sexiest Legal Commentators
(DBN)

"There was no word on why the man had a meat thermometer in a movie theater"
(DBN)

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Judges:

The Death Penalty is Illegal! Oh, Wait, Lemme Double Check That
(DBN)

Roberts on the State of the Union: ‘I’m Not Sure Why We’re There’
(DBN)

Justice Roberts Talks About Clerks, Oral Argument, & State Of The Union
(DBN)

Obama v. SCOTUS: The Battle Rages On
(DBN)

A Second Mistrial for Blogger Charged With Threatening Judges
(DBN)

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Wall Street:

US Stock-Index Futures Drop
(DBN)

Stocks post modest gains
(DBN)

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Layoffs:

Unemployment Decreased in Nine US States in January
(DBN)

Bump in unemployment rates seen as sign that jobseekers are back on market
(DBN)

Senate Passes $149 Bln for Jobless Aid, Tax Breaks
(DBN)

Michigan lost 80,000 manufacturing jobs last year
(DBN)

In January, 5.4 unemployed people competed for every job opening
(DBN)

South Carolina Considers Cutting 2,300 State Jobs
(DBN)

Michigan's January jobless rate decreases slightly to 14.3 percent
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Prepacks:

"Prepackaged" Bankruptcy Filings Surge As Debtors And Creditors Work Together To Avoid Costs And Uncertainties of Chapter 11
(DBN)

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Food/Drink:

NY City Wins Right to 'Tavern on the Green' Name
(DBN)

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Gambling:

Judge hears final arguments in Trump casinos' bankruptcy
(DBN)

Trump Casinos Need New Loan, Icahn Lawyer Tells Judge
(DBN)

Economy rolls losing streak for Colorado casinos
(DBN)

Hoosier Park exec reassures employees
(DBN)

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Administrative Claims:

Second Circuit: Section 502(d) Does Not Bar Allowance of Administrative Expense Claims
(DBN)

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Golf:

Barrington Hall Golf Course Could Go Under
(DBN)

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Small Business:

Q&A: Atlanta Fed's Altig on Small Business's Potential to Derail Recovery
(DBN)

How Goldman Sachs Can Help the Little Guy
(DBN)

Why Won’t the S.B.A. Lend Directly to Small Businesses?
(DBN)

______________

Bankruptcy Crimes:

Italy-FBI Raids Crack Down on Mafia in New York
(DBN)

Prosecutors Bring Bankruptcy Fraud Charges Against Hecker
(DBN)

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Sales:

Third Circuit To Consider "Credit Bidding" Rights In Asset Sales Conducted Pursuant to Chapter 11 Plan
(DBN)

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Chemicals:

Blavatnik Said to Seek as Much as 15% Lyondell Stake
(DBN)

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Politics:

House Leaders Bar Earmarks to For-Profit Companies
(DBN)

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Economy:

U.S. Businesses Continued to Cut Inventories in January
(DBN)

Obama Defies Pessimists as Rising Economy Converges With Stocks
(DBN)

Mega-rich adding wealth
(DBN)

GMAC Bailout Blasted by Oversight Panel
(DBN)

GMAC Executive Pay Packages Questioned by TARP Oversight Panel
(DBN)

Stimulus Money to Start Flowing to Private Sector in Coming Months
(DBN)

Monthly Federal Budget Deficit Balloons to Record; Up 14% from 2009
(DBN)

Canadian dollar likely to trump US
(DBN)

U.S. Consumer: Beaten but Not Out
(WSJ: separate paid subscription required)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Foreclosures dip from January levels
(DBN)

Connecticut Sues Moody’s, S&P Over Subprime Ratings
(DBN)

Fannie Mae to offer new 3-year benchmark notes
(DBN)

Delaware Bankruptcy Court Abandons Per Se Rule For "Stub Rent" Claims
(DBN)

Despite Looming Fed Exit, Mortgage Rates Stay Low
(DBN)

An Extreme Makeover Home’s Mysterious Raffle
(DBN)

Section 503(b)(9) Developments: Circuit City and Pilgrim's Pride Courts Weigh In
(DBN)

Tousa Creditors Score Big With Fraudulent Transfer Victory
(DBN)

Trustee in Mastro bankruptcy goes after four new targets
(DBN)

Silverstein Building in 'Imminent Default'
(DBN)

Woman says Bank of America wrongly repossessed home
(DBN)

Bank Sorry for Taking Parrot
(DBN)

Reality Check on Real Party in Interest / “Produce The Note” Strategy
(DBN)

Thinning Loan Loss Coffers May Restrict CRE Lending
(DBN)

Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large
(DBN)

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Banking:

Drive-through window - The FDIC is seeking to award seized banks to bidders
(DBN)

BoA CEO Moynihan says overdraft change "gives up" revenue
(DBN)

Why Bank of America got rid of overdraft fees
(DBN)

How Will BofA Recoup Lost Overdraft Income?
(DBN)

Bank of America's New Overdraft Policy: What It Means To You
(DBN)

Regulators Honing in on Size of BofA
(DBN)

How The End Of Overdraft Fees Could Wind Up Costing Cardholders
(DBN)

Don't count on your bank covering overdrafts
(DBN)

Banks rally on M&A speculation
(DBN)

Why WaMu Stock Has Soared: It's a Cheap Lottery Ticket
(DBN)

Washington Federal Warrants Auctioned
(DBN)

Are TARP Funds Being Used To Fund Cheap Overseas Call Centers?
(DBN)

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Hotels:

Extended Stay examiner completes investigation
(DBN)

______________

Theme Parks:

Does Apollo want to merge Cedar Fair and Six Flags ?
(DBN)

Three companies speak out against Cedar Fair deal
(DBN)

______________

Municipalities:

Illinois in crisis
(DBN)

Citizens Of Illinois Get Slapped With Staggering 33% Income Tax Hike To Fill Deficit
(DBN)

Ravitch Presents NY Bail Out Plan
(DBN)

Cities cut more but won't go bust
(DBN)

California Is Doomed
(DBN)

Sales Tax Rates Hit Record High
(DBN)

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Celebs:

Lenny Dykstra, Head Case
(DBN)

Suge' Knight's Financial Problems
(DBN)

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Newspapers:

Report: Dozens laid off after sale of East Valley Tribune
(DBN)

______________

Attorneys' Fees:

Second Circuit Says Unsecured Creditors Can Recover Postpetition Attorneys' Fees
(DBN)

______________

AIG:

What is Spooking the Shorts at AIG?
(DBN)

______________

Turnarounds:

Experts: Sitcom Logic Won’t Work in Distressed Companies
(DBN)

______________

Insurance:

More new Florida property insurers in trouble
(DBN)

______________

Aviation:

Airlines recovering strongly, still in red-IATA
(DBN)

Airlines Threaten to Cancel Flights
(DBN)

______________

Credit Cards:

National credit card rates
(DBN)

______________

Litigation:

In federal court, must the party seeking a preliminary injunction establish a likelihood of success on the merits?
(DBN)

______________

Retailing:

Berkowitz Gets 'Long Leash' at Fairholme to Pursue Mall Offer
(DBN)

______________

Waste Management:

Trash Hauler EnviroSolutions Files for Bankruptcy Protection
(DBN)

______________

Debt Collection:

Suthers settles debt collection suit
(DBN)

______________

Accounting:

Profession under fire over gender pay gap
(DBN)

______________

Administrative Claims:

Administrative Claims Cannot Be Disallowed Under Section 502(d)
(DBN)

______________

 

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 Jobs:

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

Seminars
(DBN)

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Bankruptcy Reform:

Resolution But No Solution?
(DBN)

______________

Mass Torts:

Federal jury finds fraud on part of asbestos lawyers
(DBN)

______________

Autos:

Rattner Now Predicts Taxpayers Could Get GM Investment Back
(DBN)

Rattner: Auto Turnaround Wasn't Like Private Equity At All
(DBN)

Rattner: Auto Collapse Could Have Led to Michigan Bankruptcy
(DBN)

Arbitration or Bust: Chrysler Says it Won't Reinstate Terminated Dealers
(DBN)

Chrysler calls back hundreds of workers
(DBN)

Toyota's bad, but Chrysler is worse
(DBN)

GM CEO says on track for pre-June loan repayment
(DBN)

Shareholders want new bankruptcy plan for Visteon
(DBN)

Chrysler Stamping Plant Auctioned Off
(DBN)

Hummer Plant Reopens For a Final, Huge Fleet Order
(DBN)

Toyota hands over 'smoking gun' memo
(DBN)

Another runaway Toyota Prius reported
(DBN)

Spike in Prius Complaints May Not Be All It Seems
(DBN)

BMW 2009 Profit Falls 36 Pct to $286 Million
(DBN)

Volkswagen Targets Second Year of Record Sales After 27% Two-Month Surge
(DBN)

______________

Corporate Reform:

Corker: Financial Reform Plan 'Is Very Imminent' - Includes "Contingent Capital" and Provisions to Steer Firms Into Bankruptcy
(DBN)

Elizabeth Warren: "It's Banks vs. Families."
(DBN)

Will ‘Shaming’ Punishments Take Hold in Corporate America?
(DBN)

Senate Bill on Finance to Include Agency That Tracks Financial Risk
(DBN)

______________

Fraud:

Hello Franz! Cooperator No. 9 in Galleon Case Makes Debut
(DBN)

Hedge Fund Trader Wore Wire In Galleon Probe
(DBN)

Question: What Do Bernie Madoff and David Letterman Have in Common?
(DBN)

Former NY state official pleads guilty in 'pay to play' scandal
(DBN)

Grand jury adds new charges, including bankruptcy fraud, against Hecker
(DBN)

Hecker associate will fight questioning
(DBN)

Another Hecker lawyer wants out, citing pay
(DBN)

Bankruptcy lawyers: Kim Rothstein owes $1 million she spent in Ponzi cash
(DBN)

Ponzi victims, unite!
(DBN)

Former Humboldt Creamery CEO looks to keep dairymen from addressing court in federal fraud case
(DBN)

______________

Finance:

Companies Resume Bond Sales
(DBN)

US corp bond sales climb as risk appetite returns
(DBN)

Chances missed at GMAC to protect taxpayers: panel
(DBN)

Credit Market Springs to Life
(WSJ: separate paid subscription required)

Even the Wealthy Can't Attract Credit
(DBN)

______________

Avoidance Actions:

Delaware Bankruptcy Court Says Subsequent New Value Need Not Remain Unpaid
(DBN)

______________

Health Care:

Jackson Health System leaders warn of insolvency without county loan
(DBN)

Jackson Memorial Health In Miami Facing Financial Collapse
(DBN)

Health Secretary Asks Insurers for Cooperation
(DBN)

Insurers, Reaping Huge Profits, Hike Rates
(DBN)

______________

Tax:

HSBC: employee stole data on 15,000 Swiss accounts
(DBN)

______________

Derivatives:

Derivatives Debate Splits US and Europe Regulators
(DBN)

______________

UK:

Regus uses insolvency tools to cut rents
(DBN)

Civil servants 'told to imitate answering machines'
(DBN)

______________

EU:

Naked Swaps Crackdown in Europe Rings Hollow Without Washington
(DBN)

Hedge Fund Law Coming to a Head
(DBN)

______________

Canada:

Canwest Noteholders Abusing Bankruptcy Process, Goldman Says
(DBN)

Bondholder Catalyst says it backs Goldman's fight for Canwest's broadcast assets
(DBN)

Ian Thow's debts will still weigh on jailed investment adviser
(DBN)

Canada's economy shifts into recovery mode
(DBN)

______________

Greece:

Greece, the Latest and Greatest Bubble
(DBN)

Greece warns of worse downturn as strikes loom
(DBN)

New Strike Paralyzes Greece
(DBN)

Greece says EU could intervene, mechanism in works
(DBN)

Hedge Funds Lose Money Even With Euro, Pound Tumbles
(DBN)

______________

Spain:

Spanish banks postpone losses, store up trouble
(DBN)

______________

Australia:

Structured finance company collapses
(DBN)

______________

China:

Number of Chinese billionaires 'second only to US'
(DBN)

Chinese Consumer Prices Rose 2.7 Percent
(DBN)

______________

 

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