March 15, 2010

The Daily Bankruptcy News

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Law:

Lehman Used Linklaters Opinion to Justify Aggressive Accounting, Report Says
(DBN)

When U.S. Firms Balked at Lehman’s Moves, Lehman Took them East
(DBN)

Lehman Report Shows Ex-GC's Fight to the Bitter End
(DBN)

Life in the Doldrums Continues for Civil Litigators
(DBN)

Davis Polk Leads the Pack in New York; Sullivan and Cleary Hang In There
(DBN)

Ex-Client Cites DLA Piper Ties to AAA, Seeks Court Hearing on Alleged Associate Flub
(DBN)

These Three Associates Find Trading Income for Experience Well Worth It
(DBN)

Katten Salary Follow-Up: Pay Raise If You Hit Hours, Salary Cut If You Did Not
(DBN)

Dissolution Watch: Darby & Darby Going Down
(DBN)

Last Week in Layoffs
(DBN)

Worst may be over, for some
(DBN)

Nine Real Estate Lawyers Leave Pillsbury for Goulston
(DBN)

When $975/hr is Value Pricing
(DBN)

Paper Explores Why Pa. Lawyers Allowed to Practice After Conviction
(DBN)

This Isn't Your Daddy's Law Library! - Time For a Law Library Revolution!
(DBN)

Lawyers for 9-11 Responders Would Take One-Third Under Settlement
(DBN)

Lawsuit of the Day: Former Model Doesn’t Want to be Lusted After
(DBN)

Republicans Criticize AG Holder’s Failure to Disclose Terrorism Briefs
(DBN)

Yale, Harvard, Chicago Top Prof’s Scholarly Impact Rankings
(DBN)

New Law School Faculty Rankings
(DBN)

USC Law Prof’s Lament: Why Can’t Wal-Mart Provide Legal Services?
(DBN)

Fighting Words in the Bluegrass State
(DBN)

UC to Pay Back $38M to Baited and Switched Law Grads
(DBN)

That Lost Billable Hour
(DBN)

Temple Law Student Wants to Party with Some Undergrads
(DBN)

Lawyer filed lawsuit to get into rodeo barrel racing
(DBN)

2nd Circuit Rejects Most of New York's Attorney Advertising Limits
(DBN)

More Am Law 200 Firms Embrace Blogging
(DBN)

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Judges:

Three CA Central District Bankruptcy Judges to Retire in Next 12 Months
(DBN)

Peter Carroll to be New Chief Judge in the Central District of California
(DBN)

Justice Stevens is Behind the Plate on the Green Bag’s New Trading Card
(DBN)

First One @ One First’s Guide to SCOTUS Seats, Part I: When to Arrive?
(DBN)

Justice Stevens Keeping "Options Open" on Retirement
(DBN)

Justice Clarence Thomas sends Cedar Hill student a surprise package
(DBN)

Clarence Thomas, Silent but Sure
(DBN)

Ruth Bader Ginsburg says she would forbid state judicial elections
(DBN)

White House stands ground on high court criticism
(DBN)

The Secret Tale Of William Lauder
(DBN)

Hal Turner Wins Another Mistrial, Decides to Mix it Up For Third
(DBN)

Former Judge Deemed A-O-Kaye to Lead Paterson Investigation
(DBN)

Circuit Judge Tacha Encourages the Next Steps Toward Equality
(DBN)

Firm That Made Job Offer to Presiding Judge Not Liable for Damages
(DBN)

Justice's wife launches 'tea party' group
(DBN)

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Wall Street:

US Stock Futures Decline
(DBN)

U.S. Stocks May Be the Best Bargains
(DBN)

How Men’s Overconfidence Hurts Them as Investors
(DBN)

Bankruptcy 10K Disclosures: Not Just for the Distressed Anymore
(DBN)

Short-Sellers as Slump's Heroes?
(DBN)

Women Were Better at Trading Stocks During the Financial Crisis Than Men
(DBN)

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Layoffs:

Vegas jobless rate hits all-time high of 13.1%
(DBN)

Bad credit is blocking people getting jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Dodd seeking middle ground on new financial rules
(DBN)

Dodd Bill to Toughen Stance on Banks
(DBN)

Dodd Faces 'Ticklish Position' Going Alone on Financial Rules
(DBN)

Strange Signals From Bair and Warren
(DBN)

Fed gets new oversight powers under Dodd bill
(DBN)

US, EU at Odds Over Global Financial Reform
(DBN)

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Tax:

IRS offers help paying taxes
(DBN)

IRS Says Its Audits of Wealthy Are Rising
(DBN)

IRS visits Sacramento carwash in pursuit of 4 cents
(DBN)

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Batteries:

Firefly Energy files for Ch. 7 bankruptcy
(DBN)

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Hotels:

Extended Stay Bankruptcy Examiner Mabey Files Report Under Seal
(DBN)

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Golf:

Bad economy prompts closure of Holmes Harbor Golf Course
(DBN)

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Student Debt:

Conn. Would Waive Student Loans in 'Green' Jobs
(DBN)

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Turnarounds:

Don't Blame the Economy, Apply the Basics
(DBN)

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Defaults:

CMBS Retail Loan Delinquencies Dip, All Others Rise, Moody's Says
(DBN)

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Sovereigns:

Moody's Warns of Risks to Triple-A Credit Ratings for Major Economies
(DBN)

Moody's: UK, US closer to losing AAA rating
(DBN)

Credit Derivatives Don't Kill Countries, Politicians Do
(DBN)

The Sovereign Risk Wild Card
(DBN)

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Economy:

White House Identifies 3 as Likely Picks for Fed Posts
(DBN)

Also On the Fed Short List: One Consumer Advocate, One Social Security Expert
(DBN)

Fed may hint at how long rates will stay at lows
(DBN)

Federal Reserve decision on interest rates is due Tuesday
(DBN)

Bernanke Stimulus Exit May Be Aided by Yellen, Raskin
(DBN)

Investors turn attention to Fed meeting
(DBN)

Central banker says USA should not blame others
(DBN)

Stop Saying the Financial System is Fixed
(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:

Even High-Score Borrowers at Risk of Mortgage Default
(DBN)

Loan Modification Program Starts to Get Some Traction
(DBN)

BofA, Wells gov't mortgage modifications up in Feb
(DBN)

Loan Modification Plan Sheds 8 Percent of Borrowers
(DBN)

Treasury Report Suggests New Mortgage Modifications Slowing
(DBN)

Critics Say Banks Still Have Not Done Enough to Help Homeowners
(DBN)

Underwater homeowners leave behind mortgages, but lenders can still come calling
(DBN)

Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
(DBN)

Miles from the Strip, visions of an upscale village dim
(DBN)

Las Vegas, launched two decades ago, now more ghost town than oasis
(DBN)

GMAC's mortgage arm will be tough to unload
(DBN)

Home-Credit Derby Has Its Price
(DBN)

Guidelines for new short-sale rules
(DBN)

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Retailing:

In a Surprise, U.S. Retail Sales Rose in February
(DBN)

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Banking:

How Eliminating Overdraft Fees Could Cost You
(DBN)

Overdraft Protection: Why Bother?
(DBN)

WaMu bankruptcy deal may leave shareholders with nothing
(DBN)

Washington Mutual Settlement With JPMorgan Is Less than Holders Expected
(DBN)

WaMu Falls on JPMorgan Settlement on Cash, Tax Refund
(DBN)

WaMu gets $6 billion in dispute with JPMorgan, FDIC
(DBN)

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Autos:

Delphi retirees feeling frustrated
(DBN)

Bankruptcy agreement could aid Kenosha plant
(DBN)

Toyota, U.S. Can’t Replicate Prius Acceleration, Report Says
(DBN)

Memo takes air out of James Sikes' tale of out-of-control Toyota Prius with stuck accelerator
(DBN)

Runaway Prius story called into question
(DBN)

Atkinsons, firms they control owe US Fidelis $65 million, bankruptcy filing shows
(DBN)

Hecker won't wipe out $767 million in debt through bankruptcy
(DBN)

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Lehman:

Lehman Report: Were Securities Regulators Out to Lunch?
(DBN)

Lehman Examiner’s Report, The Day After
(DBN)

Learning From Lehman
(DBN)

Lehman administrators consider damning report
(DBN)

Report claims E&Y knew about Repo transactions
(DBN)

In Lehman's Demise, Some Shades of Enron
(DBN)

Lehman's advisers were guard dogs that didn't bark
(DBN)

Lehman triggers investigation into accounting practices
(DBN)

CSI Lehman-Barclays: Who Really Killed the September 2008 Deal?
(DBN)

What killed Lehman
(DBN)

Do Criminal Charges Await Lehman Crew?
(DBN)

Lehman Bankruptcy Report Points Way to Plaintiffs, Not Prison, Lawyers Say
(DBN)

Examining Lehman's Creative Accounting
(DBN)

Dubai fund considered last-minute bid for Lehman
(DBN)

Fragile riches
(DBN)

The familiar themes in Lehman's latest drama
(DBN)

The Lehman Bankruptcy Report Is a Road Map for Criminal Charges
(DBN)

Ernst & Young Was ‘Comfortable’ with Lehman’s Shady Accounting
(DBN)

Lehman's hidden leverage shenanigans may haunt Fuld
(DBN)

Lehman assets funneled through UK-based arm
(DBN)

PwC: Lehman's report mainly concerns US - Administrator says Europe may be unaffected
(DBN)

Osborne blasts FSA over Lehman Brothers
(DBN)

Linklaters implicated in bank debt shuffle
(DBN)

Lehman and OTC Derivatives: A Dog That Didn't Bark
(DBN)

Lehman's $50 billion conjuring trick
(DBN)

Lehman CFOs were warned of "reputational risk" of transactions
(DBN)

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Finance:

Finance Chiefs Look Warily Ahead
(DBN)

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Private Equity:

Private Equity’s Trojan Horse of Debt
(DBN)

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Litigation:

Why Witnesses Turn Evasive and How to Make Them Stop
(DBN)

Recoveries from Commercial Verdicts Plummet
(DBN)

A Half Century of Automotive Litigation
(DBN)

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Jurisdiction:

Breach of Pre-petition Contract Claims Not Immune From “Core” Jurisdiction
(DBN)

7th Cir-BK standing narrower than Art. III. "Person aggrieved" in BK must appear, object, & have pecuniary interest
(DBN)

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Derivatives:

De-Detour: CDS Nudity on the Exotic Fringe
(DBN)

Goldman Sachs Demands Derivatives Collateral It Won’t Dish Out
(DBN)

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Fashion:

Michelle Obama’s designer goes bankrupt
(DBN)

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Celebs:

Friend steps forward to help pay for Haim's funeral
(DBN)

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Distressed Investing:

Neuberger to List Distressed Debt Fund
(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
(DBN)

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Bankruptcy Statistics:

Waiting for the Next Big Wave
(DBN)

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Bankruptcy Music:

Judge Alan S. Trust Wins Bankruptcy Song Contest
(DBN)

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Municipalities:

States may hold onto tax refunds for months
(DBN)

LA: Cutting to the core
(DBN)

Muni Middleman’s Financing in Dark Leaves Homeless on Outside
(DBN)

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Fraud:

Lawyers, accountants seek big fees in Rothstein bankruptcy
(DBN)

Madoff-Related Derivative Suit Survives Dismissal Motion in New York Court
(DBN)

How I Got the Goods on Madoff, and Why No One Listened
(DBN)

Why Coffee Trashed Harry
(DBN)

Vertical victims challenge bankruptcy status
(DBN)

Three Plead Guilty in Illinois in $213 Million Fraud Conspiracy
(DBN)

Schrenker - ''Data'' Show He Tried to Fake Own Death
(DBN)

Internet Fraud Doubles to $560M
(DBN)

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Software:

The SCO Group Announces $2 Million in Financing
(DBN)

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Debt Collection:

Violence Spurs Calls To Rein In The Repo Man
(DBN)

Of Cyborgs and Repo Men
(DBN)

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Health Care:

CCS Medical bankruptcy hits milestone
(DBN)

ObamaCare–The Worst Deal of All Time
(DBN)

Sick, uninsured and in debt: One man's health care crisis
(DBN)

Managed Care: Get Used to It
(DBN)

Health care: Going from broken to broke
(DBN)

Are most emergency room visits really unnecessary?
(DBN)

We all end up paying as hospitals absorb costs of uninsured
(DBN)

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Chemicals:

Lyondell to pursue $3.25 billion debt financing to exit
(DBN)

Lyondell Chemical to Raise $6.05 Billion to Pay Debt
(DBN)

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Horse Racing:

Centaur bankruptcy painful, necessary
(DBN)

Collapse Of Aqueduct Deal Threatens NYRA's Future
(DBN)

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Religion:

Diocese reclaims HQ in $1.2M post- bankruptcy deal
(DBN)

Vatican officials defend pope on abuse
(DBN)

Roman Catholic Child Abuse Scandal Spread throughout Europe
(DBN)

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Gambling:

Sales of AC's Tropicana Casino to Icahn completed
(DBN)

CityCenter contractor seeks $492m
(DBN)

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Retailing:

Gottschalks creditors OK liquidation plan
(DBN)

Men's Wearhouse Identifies 145 Stores for Probable Closure
(DBN)

Retail LBOs Return With Recovery
(DBN)

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Accounting:

PwC suffers Satyam setback
(DBN)

Could Lehman be Ernst & Young's Enron?
(DBN)

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Compensation:

AIG Nears Retention-Payment Deadline
(DBN)

AIG Said to Cut Bonuses by $21 Million to Meet Feinberg Mandate
(DBN)

UBS Hands Out $52 Million to Board
(DBN)

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Corporate Governance:

Who Should Be in the Boardroom?
(DBN)

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Chapter 13:

Computing “disposable income” for debt payments
(DBN)

Further Thoughts on Hamilton v. Lanning
(DBN)

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Telecoms:

FairPoint's bankruptcy filing moving forward
(DBN)

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Education:

In Hard Times, Lured Into Trade School and Debt
(DBN)

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UK:

Gordon Ramsay: 'I was a crazy psycho'
(DBN)

Pre-packs and insolvency tourism: the Government view
(DBN)

Debt laden borrowers struggle to meet basic living costs
(DBN)

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EU:

German minister defends European IMF idea
(DBN)

Trichet Sides With Advocates of Crackdown
(DBN)

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Greece:

Greek bailout tops EU finance ministers' agenda
(DBN)

Eurozone to agree Greek safety net
(DBN)

EU finmins to discuss Greek aid, no firm figures seen
(DBN)

Greek PM hails EU, US support against speculators
(DBN)

Squeezing a sound company dry
(DBN)

The mythology of Greece's financial crisis
(DBN)

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Australia:

Insolvency industry must change
(DBN)

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China:

China Takes Aim at U.S. on Currency
(DBN)

China Uses Rules on Global Trade to Its Advantage
(DBN)

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