March 23, 2010

The Daily Bankruptcy News

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Law:

Is the Law-Firm Model Dying? Not Yet, But It Might Be On The Clock
(DBN)

Baker Hostetler Partners Take Up States' Battle Over Health Care
(DBN)

Pepe & Hazard to Merge With McElroy Deutsch
(DBN)

NY Firm Shakes Up Pay For London Associates
(DBN)

K&L Gates's New Citadel Prominent Part of Steel City Skyline
(DBN)

Kramer Levin on the Last Battle of the Lehman Report
(DBN)

Survey of Large Texas Firms Shows Dramatic Drop in Lateral Moves
(DBN)

Last Week in Layoffs
(DBN)

Law firms are lucrative targets of cyberscams
(DBN)

Law Firms Expect Rebound in Moribund IPO Market
(DBN)

Farella's Rising Fortunes
(DBN)

Alternative Billing: Who’s Actually Doing It?
(DBN)

Business Models: Strategy and Governance
(DBN)

Lerach's New Gig?
(DBN)

Confessions of a Happy Lawyer
(DBN)

Greenberg Firm to Repay All $3.2M Related to Ex-Partner’s Work for Chicago Suburb
(DBN)

Mark McCombs’s Overbilling Costs Greenberg Traurig $3.2 Million
(DBN)

Flush With Big-Name, BigLaw Laterals, Boutique Is Ready to Bust Out
(DBN)

Women of a Certain Rage: Female Lawyers Angry Over Work Hours
(DBN)

Texas Appeals Court Upholds Solo's Conviction Over Sex Shakedowns
(DBN)

Attorney Wins Empathy but Not Fees
(DBN)

Trial to cast spotlight on China courts
(DBN)

$ for att'ys poor-ing in
(DBN)

Supreme Court to Rule on Prosecutorial Immunity
(DBN)

iPhone App is Nice... if your law firm's intention is to exclude everyone else
(DBN)

The BigLaw Sweet Sixteen
(DBN)

Recent Law Grad Seeks $174 Per Tweet for Posting Ads on Twitter
(DBN)

Accused of Stealing from Clients, Attorney Never Returned, and His Fate Is Still Unlearned
(DBN)

Mercer Law Students Fight With Faculty on Facebook
(DBN)

1Ls at Northern Kentucky Law are not Very Professional
(DBN)

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Judges:

Supreme Court hears arguments in bankruptcy, tax cases
(DBN)

Transcript
(DBN)

Supreme Court Battle Quietly Brews As Future Nominations Loom
(DBN)

Focus on Federal Judge (and Stern Taskmaster) William Pauley
(DBN)

If Stevens Steps Down, Obama Likely to Move Quickly
(DBN)

Court's Google Search Did Not Violate Evidence Rules, 2nd Circuit Says
(DBN)

Is DA ‘Turning the Scalpel of Recusal Into a Chain Saw’?
(DBN)

Litigant’s Situation Goes from Bad to Worse as E-Mail to Judge Results in New Conviction
(DBN)

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Wall Street:

US stock futures signal gains; housing data eyed
(DBN)

Reining in Outrageous Greed at Goldman
(DBN)

Big Clients Keep Their Head Start
(DBN)

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Layoffs:

Will Retiring Boomers Lead to Too Many Open Jobs by 2018?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Sales:

Appeals Court upholds bankruptcy credit bid ban
(DBN)

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Theme Parks:

Settlement reached in Six Flags bankruptcy fight
(DBN)

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Lehman:

VP Warned Lehman Execs
(DBN)

Ernst & Young's letter about Lehman accounting
(DBN)

Lehman Brothers Collapse: A Lesson in Conflicts of Interest
(DBN)

CME Guards Lehman Book Bidders Identity
(DBN)

Don't blame short sellers for Lehman demise
(DBN)

No Accounting for Lehman
(DBN)

The Tale of the Grim Repo: Lehman’s Link to True Sales
(DBN)

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Health Care:

Health Care Reform: "Affront to God"?
(DBN)

The Morning After: Reaction to the House Health-Care Vote
(DBN)

Health-Care Fight Will Shift to U.S. Regulators, States After Senate Vote
(DBN)

Medical community expects a big impact from health-care reform
(DBN)

How Health Care Will Reduce the Deficit
(DBN)

Consumer's Guide to Health Care Overhaul
(DBN)

Top Five Lies About Health Care Debate
(DBN)

The Fatal Flaw of ObamaCare
(DBN)

‘Smart Money’ Says Supreme Court Won’t Thwart Health Care Bill, Law Prof Says
(DBN)

Will the Courts Stop Health Care Reform?
(DBN)

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Accounting:

E&Y launches defense of Lehman audit
(DBN)

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Economy:

Fed: Taxpayers Shouldn't Pay for Failed Firms
(DBN)

Tax refunds up 10% due to stimulus
(DBN)

Geithner 2.0?
(DBN)

Average county was stressed in Jan.
(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:

New Short-Sale Rules, Option ARMs Pose Threat
(DBN)

U.S. housing's crooked crutch: tax deductions
(DBN)

The Case for Ending the Mortgage Deduction
(DBN)

Fannie, Freddie messy government tie tough to cut
(DBN)

Debate on the future of Fannie , Freddie heats up
(DBN)

Why Fannie and Freddie Continue to Cost Taxpayers Billions
(DBN)

Microcosm of the Housing Crisis on an Arizona Street
(DBN)

Orleans hires restructuring adviser
(DBN)

Vaughan Staying At Bellagio Resort
(DBN)

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Retailing:

Tiffany's Sales Not Shiny Enough
(DBN)

Company 'walking' out of bankruptcy soon
(DBN)

Elliott in talks to join General Growth plan
(DBN)

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Autos:

Chrysler Seeks American Motors Retirees
(DBN)

Chrysler Pins Revival on Repairing Industry's Worst Ties With Partsmakers
(DBN)

Cooper-Standard Automotive Obtains New Commitment for Equity Investment Backstop to Fund Amended Chapter 11 Plan
(DBN)

Luxury car dealer files bankruptcy
(DBN)

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Compensation:

Feinberg Reviews Pay at All Bailed-Out Firms
(DBN)

Few Fled Companies Constrained by Pay Limits
(DBN)

Ford CEO 2009 compensation up by nearly $1 mln
(DBN)

Ford's Mulally makes $17.9-million in '09
(DBN)

Goldman should show the way with lower pay
(DBN)

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Gambling:

NYC Off-Track Betting Bankruptcy Allowed to Proceed
(DBN)

Casinos: Carl Icahn Bets Big on Las Vegas, Atlantic City
(DBN)

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Newspapers:

Philadelphia Newspaper Executive Wins Key Victory in Bankruptcy Proceedings
(DBN)

Philly newspaper creditors can't bid with credit
(DBN)

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Radio:

Regent’s Chapter 11 hits a speed bump
(DBN)

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Non-Profits:

Acorn Will Disband, Spokesman Says
(DBN)

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Hollywood:

Time Warner Said to Plan $1.5 Billion MGM Studio Bid
(DBN)

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Celebs:

Salon Files For Bankruptcy On Eve Of Owner's Trial
(DBN)

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Ratings:

Rushed bankruptcy exits can hurt credit quality-S&P
(DBN)

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Municipalities:

State to Santa Rita School District: Make drastic cuts or face bankruptcy
(DBN)

Vallejo retirees ask court to protect their health coverage
(DBN)

Out of Cash: Governments Raising Traffic Fees
(DBN)

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Video Rentals:

Blockbuster shares tumble after bankruptcy warning
(DBN)

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Turnarounds:

Jerry York passes. Farewell to a turnaround maestro
(DBN)

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Hockey:

Reinsdorf resurfaces as possible Coyotes buyer
(DBN)

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Trucking:

Court papers say Arrow owed about $100 million
(DBN)

Company's former CEO turns in his $101000 car
(DBN)

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Awards:

Orange County Bankruptcy Forum Peter M. Elliott Award to Penelope Parmes
(DBN)

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Banking:

Bank Failure Cascade Continues
(DBN)

Bank Failures Highlight Lurking Problem
(DBN)

Bank of China’s Quarterly Profit Quadruples on Lending Surge
(DBN)

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Credit Cards:

Wells Fargo Card Executive Stung by Fraud, Gets Help From Visa
(DBN)

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Student Debt:

Defeat of Student Lenders Is a Win for America
(DBN)

Student Loan Relief for DOJ Attorneys
(DBN)

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New Bankruptcy Opinions
(2 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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Avoidance Actions:

Recent Decision Holds That Section 503(b)(9) "20 Day" Claims Can Be Used As Part Of New Value Preference Defense
(DBN)

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Personal Bankruptcy:

Today's Consumers Prefer Chapter 7 Bankruptcy 3 to 1
(DBN)

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Corporate Reform:

The Key to Financial Reform: Pass that "Consumer Protection Whatever"
(DBN)

Banking Panel Sends Financial Overhaul to Full Senate
(DBN)

Geithner: Even Conservatives Heart Financial Overhaul
(DBN)

Dodd Financial-Rules Bill Passed by Senate Panel in 13-10 Party-Line Vote
(DBN)

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Food/Drink:

The Squeeze on Napa Valley Wine
(DBN)

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Aviation:

Cirrus Design sues former supplier over bankruptcy rumors
(DBN)

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Resorts:

Bankruptcy judge orders settlement talks in Yellowstone Club case
(DBN)

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Horse Racing:

Magna wins over ex-racetrack owners; Plan to exit bankruptcy still faces obstacles
(DBN)

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Fraud:

Madoff Victims Appeal Ruling on Method for Paying Fraud Claims
(DBN)

How Nemazee Used Harvard Degree Swindling Banks of $292 Million
(DBN)

Hedge-Fund Worker, Five Others Arrested for Insider Dealing
(DBN)

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Mass Torts:

Asbestos Lawyers California Bound
(DBN)

Chubb wins round in asbestos cover fight with Travelers
(DBN)

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Private Equity:

Investors’ ‘Wish List’ Said to Anger P.E. Firms
(DBN)

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RVs:

Glendale assets to be auctioned off as part of bankruptcy process; 200 out of work
(DBN)

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Religion:

The Trial of the Catholic Church: A Tale of Moral and Financial Bankruptcy
(DBN)

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Finance:

Orrstown Bank Could Take $8.6M Hit From Yorktown Funding Bankruptcy
(DBN)

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Sovereigns:

Obama Paying More Than Buffett as Treasuries Show U.S. Losing AAA Stature
(DBN)

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Hotels:

Extended Stay makes $905 million deal
(DBN)

Extended Stay Creditors Want to Freeze Sale Proceeds
(DBN)

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UK:

Insolvency practitioners to receive £11m boost from new tax rules
(DBN)

Changes to pre-packs could cost creditors
(DBN)

Retail faces CVA crunch
(DBN)

UK inflation rate falls to 3% in February
(DBN)

6 Villains Of The Credit Crunch
(DBN)

Crackdown on offshore tax evasion
(DBN)

U.K. Investor Group Takes Issue With Bank Fees
(DBN)

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Canada:

CCAA amendment changes game for dispositions
(DBN)

Tax shelters unearthed
(DBN)

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EU:

Merkel: help Greece only at brink of bankruptcy
(DBN)

700 days payment terms for medical firms in Europe
(DBN)

U.S. Proposals for Taxes on Banks to Cover the Bailouts Gain Ground in Europe
(DBN)

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Greece:

Greek economy 'to worsen' in 2010
(DBN)

State-Run Bank in Athens Won Big With C.D.S.’s
(DBN)

Greek Aid Stalemate Deepens as ECB's Trichet Rejects Loan `Subsidy' Call
(DBN)

Greek Impasse Deepens as Trichet Rejects Loan Subsidy
(DBN)

I.M.F. Is More Likely to Lead Efforts for Aid to Greece
(DBN)

______________

Netherlands:

DSB bankruptcy claims reach over €3bn
(DBN)

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Ireland:

Irish suicide rates leap during economic collapse
(DBN)

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Georgia:

The Authorities Intend to Mitigate Company Liquidation Legislation
(DBN)

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