March 19, 2010

The Daily Bankruptcy News

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Law:

New York Profits Making a Comeback
(DBN)

Bankruptcy Lawyers Troubled by Recent High Court Ruling
(DBN)

Drugstore Chain Denies Owing Kasowitz $7M 'Success Fee'
(DBN)

Former Client Sues Gibson Dunn Over $1.3 Million in Fees
(DBN)

Sonnenschein Denied Rehearing in Former Partner's Suit Over Fees
(DBN)

The Class of 2010 Start Dates are Rolling In
(DBN)

Shearman becomes latest firm to revamp pay for associates
(DBN)

Milberg Lawyers Leave Jail, Hit Links, Slopes; Reflect on Life
(DBN)

Quantum Meruit Gives Firm Clean Sweep in Fee-Collection Suit
(DBN)

Ex-Nixon Peabody Associate Settles SEC Insider-Trading Complaint
(DBN)

Associate Bonus Watch: Mayer Brown (Chicago and DC)
(DBN)

Is In-House Not All That It’s Cracked Up to Be?
(DBN)

It Ain’t 2007, But at Cravath, Revenues are Back on the Upswing
(DBN)

White & Case London base posts 20% drop in revenues for 2009
(DBN)

Some New Partners Take Nontraditional Paths
(DBN)

Survey highlights discontent among female lawyers over working hours
(DBN)

Coupon Offer: 20% off BigLaw Fee
(DBN)

MoFo launches iPhone app
(DBN)

Attorney Bruce Akerly Joins Cantey Hanger
(DBN)

Maria Diakoumakis Joins Dykema
(DBN)

Sullivan & Worcester LLP Announces Acquisition of National Bankruptcy Group
(DBN)

Greenberg, Ropes Advising on Extended Stay Investment Offer
(DBN)

Is Rodge Cohen Comparing His Clients to Coke Addicts?
(DBN)

Teaching Lawyers How to Manage: Can it Improve the Bottom Line?
(DBN)

Correction: Culture Gap Between Deferred and Public Interest Attorneys Not as Wide as We Were Led to Believe
(DBN)

Historic law firm collapses after 250 years in business
(DBN)

Zombie Servers Put Law Firm in Midst of Internet ‘Litigation’ Blitz
(DBN)

Harvard Law Grad Accused in 9/11 Chapel Fire Was ‘Profoundly Intoxicated,’ Lawyer Says
(DBN)

DLA Piper sued for sexual discrimination
(DBN)

Firm tells trainees to sleep together
(DBN)

iHelp for Lawyers From CES and Beyond
(DBN)

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Judges:

In Rejecting SEC Settlement, Has Pauley Pulled a Rakoff?
(DBN)

Used Car Salesmen in Delaware
(DBN)

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Courts:

Supreme Court Introduces New Website with Enhanced Search Capabilities
(DBN)

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Wall Street:

Stock Futures in Narrow Range Ahead of Opening
(DBN)

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Layoffs:

Siemens to Cut 4,200 Information Technology Jobs
(DBN)

What Will Labor Market Recovery Look Like?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Turnarounds:

Jerome York, Apple Director and Chrysler, IBM CFO, Dies at 71
(DBN)

When Jerry York shook up GM
(DBN)

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Finance:

CIT Posts $1 Bln Q4 Loss
(DBN)

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Agriculture:

South Florida grower DuBois & Son files for bankruptcy
(DBN)

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Retailing:

General Growth plan hearing may be delayed
(DBN)

A bidding war for General Growth illustrates how the seeds beneath the snow are starting to bloom again
(DBN)

General Growth to Submit New Proposal, Lawyer Says
(DBN)

What Drives David Simon
(DBN)

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Fraud:

Accountant Admits "Mistakes" In Rothstein Ponzi
(DBN)

Hecker's pile of bills now stands at $1.5M
(DBN)

Hecker Accused Of Using Children's Trust Money
(DBN)

NYC Art Dealer Pleads Guilty to $100M Swindle
(DBN)

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Health Care:

CBO's score: Cloudy with a chance of bankruptcy
(DBN)

Ill. high court: Hospital shouldn't be tax exempt
(DBN)

Judge approves deal to protect Community Health Systems' investment in Spheris
(DBN)

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Compensation:

Paid to Fail
(DBN)

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Economy:

Chicago Fed Midwest factory activity rose in Jan
(DBN)

Greenspan Concedes That the Fed Failed to Gauge the Bubble
(DBN)

Visualizing the National Debt
(DBN)

Little Change in U.S. Consumer Prices in February
(DBN)

Feb leading indicators tick up; slow recovery seen
(DBN)

CBO raises cost estimate of TARP bailout to $109 billion
(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:

30-year fixed-rate mortgage averages 4.96%
(DBN)

Fannie Cuts Projected 2010 Mortgage Originations, Again
(DBN)

Yearly House Price Decline Narrows to Less Than 1% in January
(DBN)

FHA Mortgage Applications Increase 31% in February
(DBN)

California's median home sale price jumps 11.2% in February
(DBN)

Judge terminates Rubicon's exclusive right to file Ch. 11 plan
(DBN)

Another Harlem condo files bankruptcy
(DBN)

Desert Sage owners indicted on 70 felony charges
(DBN)

BlackRock, Blackstone among ResCap suitors
(DBN)

Developer of The Harbor in Rockwall files for bankruptcy
(DBN)

Orlando time-share mogul David Siegel to unload $350M in assets
(DBN)

Lenders Shun Odd Homes
(DBN)

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Transport:

FedEx ups outlook as profit jumps
(DBN)

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Insurance:

Two Appellate Courts Consider D&O Insurers' Obligation to Advance Defense Expenses
(DBN)

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Corporate Reform:

SEC on the Long, Hard Road to Redemption
(DBN)

FDIC's Sheila Bair Backs Consumer Agency, Defying Other Regulators
(DBN)

SEC Doubts Itself, So Does Congress
(DBN)

The SEC's investor protection fantasy
(DBN)

Corker warns of financial bill codifying TARP
(DBN)

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Hotels:

Starwood consortium to invest $905 mln in Extended Stay
(DBN)

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Bankruptcy Crimes:

Stokes convicted of bankruptcy fraud
(DBN)

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Theatre:

Pasadena Playhouse Considers Filing Bankruptcy to Alleviate Debt
(DBN)

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Banking:

Failing Banks Should Go Through Bankruptcy, Key Senators Say
(DBN)

Greenspan: Banks Need to Raise Reserves 40%
(DBN)

The banking industry's man in Washington says banks should be protected instead of consumers
(DBN)

Treasury Keeps Citigroup Names Secret on Concern of Harassment
(DBN)

A Banking Battleground
(DBN)

Basel agrees global too big to fail banks plan
(DBN)

Comerica Repays $2.25bn in TARP Funds
(DBN)

Why You Should Still Avoid Banks Like the Plague
(DBN)

Why Bank Stocks Could Vault Even Higher
(DBN)

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Oil/Gas:

US Court Orders Seizure Of Rosneft Assets Under Yukos Lawsuit
(DBN)

Owner of Big West refinery confirms Alon as sole bidder
(DBN)

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Video Rentals:

What Are Blockbuster's Options?
(DBN)

S&P Downgrades Blockbuster 2 Notches On Bankruptcy Worries
(DBN)

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Municipalities:

Municipalities and derivatives: Cities in the casino
(DBN)

Harrisburg in crisis A burning issue
(DBN)

The New York State Treasury Just Came Up $2 Billion Short, And Is Resorting To An Accounting Move To Avoid Insolvency
(DBN)

Investors, Beware: The $2 Trillion Hole
(DBN)

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Horse Racing:

Magna Entertainment Eyes The Small Screen
(DBN)

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Hollywood:

Creditors attempting to force David Bergstein's companies into bankruptcy
(DBN)

MGM studio relives past as binding offers are due
(DBN)

Liberty Media, Elliott Said to Drop From MGM Bidding
(DBN)

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Gambling:

Black Gaming bankruptcy plan hits early obstacles
(DBN)

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Resorts:

Judge: Idaho's Tamarack Resort officially bankrupt
(DBN)

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Media:

Upcoming waves of media restructuring
(DBN)

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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 Statistics:

Bankruptcies' '50-Year Flood' Slows to a Steady Stream
(DBN)

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Bankruptcy Reform:

Senate lawmakers receive conflicting testimony on expanding Chapter 12 of the Bankruptcy Code
(DBN)

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Lehman:

Lehman says Barclays got $13 bln windfall in sale
(DBN)

Bernanke says SEC was told after brokerage firm failed stress tests
(DBN)

Lehman Had $39 Billion in Encumbered Cash Before Bankruptcy
(DBN)

JPMorgan also used accounting gimmick
(DBN)

Merrill staffers reportedly warned SEC over Lehman
(DBN)

Was Lehman Alone in Using Accounting Gimmick?
(DBN)

Lehman, Metavante to Propose Settlement in Bankruptcy Court
(DBN)

Lehman's Bizarro World: Former Execs 'Shrug' At $50B Accounting Trick
(DBN)

The Lehman Report: Is It Time for a Special Prosecutor?
(DBN)

HSBC drew up exit plan amid liquidity fears
(DBN)

Lehman Whistleblower Wants A Career Switch To Digital Movie Maker
(DBN)

Beancounters in a bind
(DBN)

Lehman Shows Auditors Fail Investors Eight Years After Reforms
(DBN)

Lehman's auditor goes blind from the cooking
(DBN)

Lehman report puts 'face' on financial crisis
(DBN)

Derivatives In Bankruptcy: Some Lessons From Lehman Brothers
(DBN)

FSA on defensive over Lehman failings
(DBN)

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Domain Names:

S--.com Creditors: Name Too Hot to Be Sold
(DBN)

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Radio:

Sirius XM gets 2nd warning from Nasdaq
(DBN)

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Autos:

Auto bailout to cost taxpayers $34B, analysts say
(DBN)

Toyota to hand off pension bill to U.S.
(DBN)

UAW reaches severance deal at NUMMI plant
(DBN)

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Small Business:

When Business Credit Scores Get Murky
(DBN)

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Trucking:

Tulsa's Bankrupt Arrow Trucking Goes On The Auction Block
(DBN)

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Litigation:

$24 Million Verdict Upheld Against Tobacco Companies
(DBN)

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Aviation:

ANA sees deeper loss but aims for Asia's top spot
(DBN)

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Pensions:

NY's Cuomo asks if 28 local pensions overpay retirees
(DBN)

Cuomo Expands New York Probe to 'Pension Padding'
(DBN)

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Tires:

Denman workers prepare for bankruptcy
(DBN)

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UK:

UK Unemployment Hits 25%
(DBN)

Administrators close 81 Ethel Austin stores
(DBN)

Largest UK Homebuilder Calls Bottom on Recession
(DBN)

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EU:

Trichet Pushes for Transparency Around Credit Default Swaps
(DBN)

Euro drops vs US dollar on Greek pessimism report
(DBN)

Europeans debate exiting euro
(DBN)

Greece, the euro, and the Battle of Jutland
(DBN)

Is There a Greece Bailout?
(DBN)

Germany's ZEW Chief: Greece Should Go To IMF, Not EU
(DBN)

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Canada:

Nunavut MLA's company aims to restructure debt
(DBN)

CanWest chase over for Godfrey consortium
(DBN)

TV broadcasters suffer big losses
(DBN)

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Greece:

Greek PM warns of debt spiral
(DBN)

Greek PM gives European leaders a week to produce rescue plan
(DBN)

Germany Backtracks on Europe Rescue for Greece
(DBN)

Smart, Greek Brinkmanship
(DBN)

Greek Banks’ ‘Challenging’ Profitability May Trigger Cut at S&P
(DBN)

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Australia:

Insolvency Law Reform In Australia
(DBN)

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