March 17, 2010

The Daily Bankruptcy News

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Law:

Reports: Scott Rothstein Was a (Pretty Good) FBI Informant
(DBN)

Rothstein defense attorney got pay raise to $500,000, forgiven $190,000 in loans last October
(DBN)

Confidentiality Issues Mushroom in the Tribune Bankruptcy
(DBN)

The Bankruptcy Files: Casinos, REITs, and Trash Haulers
(DBN)

Judge Lets Stand Nadel Receiver's Lawsuit Against Holland & Knight
(DBN)

Some Associates Unprepared for Short ‘Shelf Life,’ Recruiter Says
(DBN)

Milbank Revenue Dips; PPP Rises 5 Percent
(DBN)

Hit Hard By Economy, Some Law Firms Borrow Big Bucks
(DBN)

At Ruden McClosky, the Exodus Continues
(DBN)

K&L Gates: A Boston Salary Cut Makes for an Interesting Mob Mollification Strategy
(DBN)

Chapman and Cutler Brings Next Year’s Bonus News Today
(DBN)

Recent Takes on the New Normal for BigLaw
(DBN)

Temporary Lawyer Sues Wilmer for Defamation
(DBN)

On Lawyers and Their Misdeeds: McGuireWoods’s Louis Zehil
(DBN)

Is Paul Weiss in Bed With Terrorists? Leading law firm attacked in inflammatory WSJ op-ed.
(DBN)

Yet Another Post Providing Advice to BigLaw Associates
(DBN)

Ex-DLA Piper Partner Tells UK Tribunal She Was Fired for Being Pregnant
(DBN)

"A Little Nervous," Ousted NY BigLaw Partner Admits Swindling Clients for $10 Million
(DBN)

BigLaw Firm Can't Shake Suit That It Enabled $168 Million Ponzi Scheme
(DBN)

Is Gideon Alive and Well? New York Case Says Absolutely Not
(DBN)

New York Case Faults Public Defender Programs
(DBN)

Blind Item: Biglaw Partner Likes Your Faces
(DBN)

Franklin Pierce Law Center In Talks to Merge with University of New Hampshire
(DBN)

11th Circuit Affirms $20,000 Sanction Against 'Birther' Lawyer
(DBN)

After grueling two-month trial, lawyer lands on jury
(DBN)

Interview with Rielle Hunter discusses Fred Baron, mentions Lisa Blue
(DBN)

Lawyer's Disciplinary Case Examines Behavior at Depositions
(DBN)

Clients Sue Deranged Lawyer's Estate
(DBN)

The Constitutional amendment America needs
(DBN)

Harming Business Clients with Zealous Advocacy
(DBN)

Today's Sign of the App-Pocalypse: BigLaw on Your iPhone
(DBN)

Lawyer's Use of Handicapped Parking Tags Leads To Suspension
(DBN)

What Would Jesus Do? Oppose Iqbal and Twombly, Apparently.
(DBN)

Pitfalls of Social Networking for Judges and Attorneys
(DBN)

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Judges:

We’ll Always Have Bankruptcy
(DBN)

Democratic Freshmen Take Up Fight Over Obama’s Stalled Nominees
(DBN)

Walker's Got Little Patience
(DBN)

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Courts:

Federal Courts Move Toward More Public Access
(DBN)

Judicial Conference Quadruples Free PACER Access, Chops Cost of Digital Audio
(DBN)

Virginia Thomas' Ethics Check
(DBN)

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Wall Street:

Stock futures trading higher ahead of open
(DBN)

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Layoffs:

White House: Jobless Rate Will Be Elevated for 'Extended Period'
(DBN)

Washington state unemployment rate rises to 9.5 percent
(DBN)

Illinois School District Cutting 1,037 Jobs
(DBN)

Illinois unemployment soars to 12.2% in January
(DBN)

California Sends Out 21,000 Pink Slips to Education Workers
(DBN)

Delta to Cut 840 Regional Jobs at Cincinnati Airport
(DBN)

L.A. Trial Courts Undergoing Mass Layoff
(DBN)

Tim Geithner: &#%*@ This Jobless Rate
(DBN)

Do Jobless Benefits Discourage People From Finding Jobs?
(DBN)

A Sign of Hiring Hope for Small Biz
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Visteon plan would save pensions
(DBN)

Visteon judge won't halt benefits termination
(DBN)

Visteon will keep pension plans
(DBN)

Visteon's new plan offers recovery to bondholders
(DBN)

CRO: Atkinsons cooperating in US Fidelis review
(DBN)

Former CFO accuses Fidelis owners of fleecing
(DBN)

Toyota sends engineers to check crashed NY Prius
(DBN)

Toyota Finally Gets Around to Blaming the Victim
(DBN)

Toyota drivers experience more runaway acceleration than owners of other vehicles
(DBN)

Aston Martin’s Kuwait Investor Buckles Under Debt
(DBN)

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Finance:

Corporate Debt Coming Due May Squeeze Credit
(DBN)

CIT Reports Post-Bankruptcy Net Worth Rose to $41.99 a Share
(DBN)

Pimco Chief Sees Credit Tightening in Fed Move
(DBN)

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Retailing:

New Bid for General Growth Coming
(DBN)

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Health Care:

Massachusetts Treasurer: Dems healthcare plan will 'bankrupt the country in four years'
(DBN)

Keeping track of Jackson Health System's financial woes
(DBN)

Jackson Health System retreats on cuts, closings
(DBN)

Refused Liver Transplant Coverage, Man Pays for It Himself, Sues & Wins Legal Fees
(DBN)

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Economy:

Fed to Keep Rates Low for 'Extended Period'
(DBN)

Parsing the Fed: How the Statement Changed
(DBN)

Federal Reserve ends supports as US economy mends
(DBN)

Outlook for US economy upgraded
(DBN)

The Lone Dissenter: Kansas City’s Hoenig Stands Firm
(DBN)

Euthanizing The Volcker Rule
(DBN)

The Volcker Rule Is No More.
(DBN)

Volcker to Tell Congress Fed Should Retain Supervision Powers
(DBN)

Obama's Economic Team - Tim Geithner, Christina Romer, Peter Orszag - Face Criticism On Capitol Hill
(DBN)

Mancessions, Around the World
(DBN)

14 Fun Facts on the US Deficit
(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 construction declines
(DBN)

An Odd Way to Measure the Success of Mortgage Mods
(DBN)

Permanent HAMP Mods See 45% Bump In Feb.
(DBN)

Citi Mortgage Workouts Outnumber Foreclosures 15 to 1 in Q409
(DBN)

BlackRock Proposes a Different Way to Extinguish Debt and Avoid Re-Defaults
(DBN)

Citi Demands You Pay $0 Or They Will Foreclose On Your House
(DBN)

Mortgage rates could spike as Federal Reserve program expires
(DBN)

PIMCO: End of mortgage buys form of tightening
(DBN)

What’s Next for the Fed and Mortgages?
(DBN)

Southern California Home Prices Rise for Third Month
(DBN)

Defaults Soar as Foreclosures Slide in Sunny California
(DBN)

BofA Breaks Into Another House but Finds No Parrot
(DBN)

Bank of America's Post-Foreclosure Brain Freeze Immune To Global Warming
(DBN)

Resolved CMBS Dwarfed By Special Servicing Pipeline
(DBN)

BofA Wants $535M From Title Insurers
(DBN)

Fed Affirms Plan to End Mortgage Intervention
(DBN)

Shiller: Rethinking the government's role in housing finance
(DBN)

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Corporate Reform:

Comparing Financial Stability Oversight Councils
(DBN)

Financial reform experts need to start lobbying Congress--just like the banks
(DBN)

The Fed’s Spectacular Comeback
(DBN)

Getting the bankers out of the Fed
(DBN)

Dodd's Bill Holds No One Accountable
(DBN)

A War Without a General
(DBN)

Chamber Stands Against Consumer Financial Protection Bureau
(DBN)

Senate panel seen approving financial reform
(DBN)

Here's an Idea: Make Megabanks Tell the Truth
(DBN)

Chamber, Wall Street lobby seek to alter Dodd bill
(DBN)

Stumbling block for Senate bank reform: Investors
(DBN)

It's Going to Take Guts to Win Real Wall Street Reform
(DBN)

Prosecutors want Nacchio in court for sentencing
(DBN)

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Aviation:

AAR Corp's third-quarter profit falls 42%
(DBN)

Flight's Grueling Delay Compounded by Surly Staff
(DBN)

Virgin America's Nightmare Flight Now Under Federal Investigation
(DBN)

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Food/Drink:

Uno Restaurant Files Bankruptcy Plan, Plans Offering
(DBN)

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Municipalities:

New Jersey Governor Proposes Steep Spending Cuts
(DBN)

Is your state the next Greece?
(DBN)

Bobb: Close 45 Detroit schools
(DBN)

Vallejo struggles to keep city safe during bankruptcy
(DBN)

Promised pensions benefits for public-sector employees represent a massive overhang that threatens the financial future of many cities and states
(DBN)

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Celebs:

Smothers Brothers calling it quits after 52 years - Bankrupt!
(DBN)

America's Most Wanted Tax Scofflaws
(DBN)

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Fraud:

Madoff brother and sons attack trustee's claims
(DBN)

There's Deep Fraud on Wall Street
(DBN)

Chicago Title Assisted San Diego Fraud, Mastermind Tells Jury
(DBN)

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Non-Profits:

Iowa Association of School Boards faces serious financial problems
(DBN)

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Corporate Governance:

Chancery Changes Co-Lead Counsel in Revlon Class Action
(DBN)

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Batteries:

Firefly CEO: Bankruptcy was only option
(DBN)

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Tax:

Swiss financial secrecy threatened
(DBN)

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Hotels:

Trump International Hotel in Fort Lauderdale faces foreclosure
(DBN)

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Insurance:

Hartford announces plan to repay TARP funds
(DBN)

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Sovereigns:

Albert Edwards Predicts Deflation Followed By Double-Digit Inflation As "Governments Opt To Default, And Monetization Is Policy Lever of First Resort"
(DBN)

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Video Rentals:

Blockbuster Admits Bankruptcy Is A Possibility
(DBN)

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New Bankruptcy Opinions
(3 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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In Defense of Failure
(DBN)

Bankruptcy Reform:

Senate Bankruptcy Hearing
(DBN)

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Bankruptcy Statistics:

Data show surge in consumer cases
(DBN)

OC Feb. bankruptcies highest for the decade
(DBN)

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Lehman:

Lehman May Be Revived as For-Profit Asset Manager
(DBN)

What's left of Lehman: A plan
(DBN)

Lehman Brothers, Greece and Enron
(DBN)

How Does Repo 105 Work?
(DBN)

Firm estimates $115 billion allowance for claims guaranteed by parent company
(DBN)

Lehman whistle-blower 'vindicated,' lawyer says
(DBN)

Lehman's Stepford wives
(DBN)

Will Lehman Fallout Rekindle Bank Asset Worries?
(DBN)

Lehman Hid Money With Help of Global Rules
(DBN)

A Breakdown Of The Lehman Docs Provides A Painful Road Map Of Discovery
(DBN)

Lehman GC Thought He Heard the Cavalry (the Fed)Coming Over the Hill, Turns Out It Was a Stampede of Creditors
(DBN)

Hope in the Fuld
(DBN)

Lehman Brothers Autopsy: Repo 105, and Why Auditors Have Some Explaining to Do
(DBN)

Lehman's collapse was all its own fault
(DBN)

Time For A Full Congressional Investigation To Nail Lehman's Directors To The Wall
(DBN)

Lehman: where were the watchdogs?
(DBN)

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Awards:

Wolff & Samson’s Karen Gilman Named One of New Jersey’s Best 50 Women in Business
(DBN)

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Trucking:

YRC auditors raises going concern doubts
(DBN)

Arrow trucks to be auctioned Thursday
(DBN)

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Hockey:

Financial scrutiny continues to follow Phoenix Coyotes
(DBN)

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Newspapers:

NY Times CEO paid $4.9 million
(DBN)

NY Times cuts 150 jobs; 8% of newsroom
(DBN)

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Banking:

Lewis Says Wall St. Is Headed for a Reckoning
(DBN)

Citigroup Aids Unit as Volcker Rule Spurs Defectors
(DBN)

Goldman could be a bank, for better or worse
(DBN)

Major Dutch fund ABP sues BofA over Merrill
(DBN)

Deal Or No Deal, WaMu Edition
(DBN)

60 plaintiffs to drop New Frontier Bank lawsuit
(DBN)

Don't praise BofA for deciding to stop mistreating customers
(DBN)

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Sports:

Having Bought High, Owners of Sports Teams Find They Must Now Sell Low
(DBN)

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Student Debt:

Collections & Credit Risk - Student Lending in Limbo After Senate's About-Face
(DBN)

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Soccer:

Cash-strapped Portsmouth docked 9 points by league
(DBN)

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Insurance:

Ambac Financial delays financial release
(DBN)

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Compensation:

Ken Chenault Collects A Big Bonus, Quietly
(DBN)

Ex-Circuit City CEO Gets Bonus, Fees
(DBN)

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Accounting:

Deloitte Appoints Langford to Lead Distressed Practice
(DBN)

Big 4 Client Restatements Lower but Damage Is Done
(DBN)

Four Things Campus Recruits Need to Keep in Mind Regarding Ernst & Young
(DBN)

KPMG Gets Kicked Out of the Sleep Number Bed for Deloitte
(DBN)

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UK:

The Affluence Trap
(DBN)

Universities face going to the wall
(DBN)

U.K. Will Push Countries for Similar Bonus Rules, Turner Says
(DBN)

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EU:

EU fudges Greek rescue yet again
(DBN)

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Canada:

Mega Brands get OK for recapitalization plan
(DBN)

“Perfect storm” drives Auto Journal Group to bankruptcy
(DBN)

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Greece:

Greece to Seek Details on Loans From Europe
(DBN)

Greece avoids S&P downgrade but risks remain
(DBN)

Greece Gets Boost From S&P, but Awaits Word From E.U.
(DBN)

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Chile:

Chile Braces for Severe Economic Slowdown
(DBN)

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Middle East:

Dubai World to Offer Full Repayment, Report Says
(DBN)

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