March 24, 2010

The Daily Bankruptcy News

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Law:

Supreme Court backs man whose student loans were dismissed in bankruptcy
(DBN)

Bet on Hiring 100 NY Lawyers From Failing Firm Pays Off
(DBN)

Lawyer Layoff Patterns: Young Go 1st, and Top 10 JD Is No Shield
(DBN)

More middle-class jobless need government aid
(DBN)

18-Partner Hogan & Hartson Group Will Spin Off Prior to Lovells Merger
(DBN)

Fast-Paced Ignite Law Dives Into the Future of Law Practice
(DBN)

Prediwave Tsunami, Simpson Thatcher & Bartlett
(DBN)

Baker Hostetler Partners Eager to Get Their Names All Over Health Care Reform Lawsuits
(DBN)

Crookedest Lawyer Ever Wanted GOP Senate Seat
(DBN)

The Curious Case of the ex-Dreier Partner, Russian Defense Contracts, and Love Letters
(DBN)

Experts Debate the Theory of BigLaw Evolution
(DBN)

Law in 2010: FLAT
(DBN)

New Model Evolving: Law Firms Have 18 Months Maximum To Adapt
(DBN)

Warnings Toll for BigLaw Firms Resistant to Change
(DBN)

On the Anniversary of Its Death, Biglaw Firm Still Looking to Get Paid
(DBN)

Will MegaFirm's New Management Team Be Leaner and Meaner?
(DBN)

Mega Trends for Legal Profession
(DBN)

Nothin' But Blue Sky: United Airlines' New Top Lawyer Is Flying High
(DBN)

WestlawNext Pricing - Simple Chart to Answer All Your Questions
(DBN)

Fired Techie Aims to Take a Byte Out of NY Firm
(DBN)

BAR/BRI Plaintiffs Firms Take Fee Request Back to the 9th Circuit
(DBN)

Dallas PI Lawyer Indicted in Murder of Law Firm Partner’s Ex-Wife
(DBN)

A Terrible Denouement
(DBN)

Business Cards for Law Students: Terrific or Tool-tastic?
(DBN)

Nathan Sawaya Gives Up Corporate Law for Legos
(DBN)

Lawyer's Conviction Over Her Husband's Shakedowns of Her Lovers Stands
(DBN)

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

Cougars, Dancing and Attorney Fisticuffs
(DBN)

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Judges:

Is Obama Grooming This Berkeley Professor for Supreme Court?
(DBN)

Judge's Rejection of 9/11 Settlement Raises Questions About His Asserted 'Power of Review'
(DBN)

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Courts:

Court Worker Charged With Making Bomb Threat
(DBN)

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Wall Street:

Stock Futures Down; Sovereign Debt Woes Weigh
(DBN)

U.S. stocks shed bulk of gains after housing data
(DBN)

Dow at New 17-Month High
(DBN)

Wall Street's Fear Gauge Sinks to 2-Year Low
(DBN)

Jim Rogers Starts Shorting Stocks
(DBN)

Howie Hubler of New Jersey: The Return of a Subprime Villain
(DBN)

Wall Street Despised in Poll Showing Majority Want Regulation
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Walgreen Wishes You'd Get The Flu
(DBN)

CEO says Saks may close a few stores
(DBN)

Fed Moves to Curb Gift-Card Abuses
(DBN)

Consumers don't get full protection from Fed's new gift-card rules
(DBN)

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Compensation:

Feinberg Said to Cut Cash Pay by One-Third at Five Companies
(DBN)

Tough-Talking Feinberg Eases a Bit on GMAC
(DBN)

The Big Wall Street Pay Days That Ken Feinberg Missed
(DBN)

US cuts compensation to top GM execs, slashes GMAC stock grants
(DBN)

Pay czar takes aim at all TARP takers
(DBN)

Study Shows Bailed Out Executives Stayed At Firms Despite Pay Cuts
(DBN)

The Banker Exodus That Wasn't
(DBN)

Kenneth Feinberg having an impact?
(DBN)

How much should Goldman Sachs set aside for compensation?
(DBN)

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Construction:

San Diego tollway builders file bankruptcy
(DBN)

MidSouth Utility Group files for bankruptcy
(DBN)

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Telecoms:

Investor: Palm Has '90% Chance' of Bankruptcy or Merger
(DBN)

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Hollywood:

MGM stares down the bankruptcy barrel
(DBN)

MGM to chat with creditors
(DBN)

MGM Could Go It Alone if Bids Disappoint
(DBN)

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Accounting:

Was Bank of America In on Repo 105-style Accounting Tricks?
(DBN)

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Hotels:

W Union Square Hotel Put Into Bankruptcy by Lender
(DBN)

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Finance:

GMAC Said to Plan Sale of US Factoring Unit to Wells Fargo
(DBN)

Small Businesses May Still Face Credit Crunch from Banks
(DBN)

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Education:

Fallout spreads from ComputerTraining collapse
(DBN)

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ARS:

Credit Suisse Ordered to Pay STMicroelectronics Award
(DBN)

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Gambling:

Starwood's Sternlicht Seeks Riviera Casinos Through Bankruptcy
(DBN)

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

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Economy:

Geithner: Guarantees for housing can limit crises
(DBN)

Yellen - Record Low Rates Needed to Rev Up Recovery
(DBN)

All Invoke Keynes as Stimulus Advocates Assailed as Spendthrift
(DBN)

Dallas, Houston metros again set US growth pace
(DBN)

In Defense of Bailouts
(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:

A First Step on Fannie and Freddie
(DBN)

Northeast Home Sales Post 13 Pct. Annual Increase
(DBN)

Home Sales Increase in South in Feb.
(DBN)

Midwest Home Sales Up Nearly 10 Pct in February
(DBN)

Existing home sales rise in Midwest, fall overall for Feb.
(DBN)

Existing home sales: Is the home-buyer tax credit failing?
(DBN)

Home Prices Continue Decline as Economist Sees Accelerated Double Dip
(DBN)

New York Fed Warehousing Junk Loans On Its Books
(DBN)

US MBA Mortgage Applications Index Declined 4.2% Last Week
(DBN)

Geithner promises mortgage fix
(DBN)

More Sellers Put Homes on Market, but There Are Fewer Buyers
(DBN)

Fannie, Freddie: Financial Winners & Losers
(DBN)

Barney Frank Dances With His Fannie/Freddie Skeletons
(DBN)

Frank wants details on mortgage lender overhaul
(DBN)

Showtime for Fannie and Freddie
(DBN)

U.S. existing-home sales down third month in a row
(DBN)

Commercial Real Estate CDO Default Rate Could Hit 25%, Fitch Says
(DBN)

KB Home Reports Loss on Lower Revenue; Shares Fall
(DBN)

For Housing, Some Muted Expectations
(DBN)

Second Chance for Loan Mods
(DBN)

Second Chance for Homeowners: How Soon Is Too Soon?
(DBN)

Farah Takes 5th Amendment At FRM Trustee Hearing
(DBN)

What Will Happen to Housing? The Private-Label View
(DBN)

Tax Credits Make It Difficult to Interpret Housing Data
(DBN)

California To Home Buyers: Here's $10,000
(DBN)

Taking Baby Steps on 2nd Mortgages
(DBN)

Guilty plea in giant mortgage fraud case
(DBN)

Some CRE Sectors May Begin Recovery Later This Year, Deloitte Say
(DBN)

The Most Powerful People in U.S. Real Estate
(DBN)

Lennar posts smaller fiscal 1st-quarter loss
(DBN)

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Mass Torts:

Judge upholds punitives award against asbestos attorneys
(DBN)

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Distressed Investing:

Felony Charges Filed Against Silverleaf CEO Baldwin
(DBN)

Ackman’s Greatest Short Ever Told Began With Handshake Refused
(DBN)

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Video Rentals:

Blockbuster to Offer Warner Bros. Movie Rentals Before Netflix
(DBN)

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Banking:

Call for global approach to failing banks
(DBN)

FDIC Opens Discussion with Private Investors on Failed Bank Assets
(DBN)

BofA Hires Ex-Goldman Exec to Direct Mortgage Department
(DBN)

Bankruptcy Court Rules Former Texans CUSO Exec Owed $21 Million
(DBN)

Despite Court Ruling, Texans Disputes Judgment
(DBN)

More Barn Door Slamming
(DBN)

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Non-Profits:

ACORN To Close Remaining Units, File For Bankruptcy
(DBN)

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Lehman:

Lehman Examiner Says CME Should Disclose Bidders
(DBN)

Lehman's Nemesis Returns
(DBN)

We Exposed Lehman, So Why Aren't We Investigating These 7 Huge Questions?
(DBN)

Lehman Brothers seeks approval of claims resolution procedures
(DBN)

Investigator calls for all Lehman Brothers evidence to be made public
(DBN)

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Autos:

Assessing the Chrysler Bankruptcy
(DBN)

Legal advisor reflects on first-hand role of auto bailout
(DBN)

Automakers prepare to tackle dealer arbitration
(DBN)

Chrysler Still Fighting to Cut Dealers
(DBN)

Chrysler Makes Amends with Suppliers
(DBN)

With No Buyers, Ford Takes Jets off Market
(DBN)

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Newspapers:

Bankrupt Newspaper Companies Cutting 75 Percent Of Debt
(DBN)

Judge allows Tribune to drop bonus motions
(DBN)

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Insurance:

Oklahoma Seeks Receivership of Imperial Casualty and Indemnity
(DBN)

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Financial Privacy:

Prosecutors to seek 25 years for TJX hacker
(DBN)

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Private Equity:

PE Guidelines Causing ‘Outbreak of Hives’
(DBN)

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Fraud:

Galleon Prosecutors to File Robert Moffat Information
(DBN)

Ex-IBM exec looks ready to plead guilty in Galleon
(DBN)

Rajaratnam Lawyer Argues Over Wiretap Turnover
(DBN)

Skeptical US court mulls Galleon wiretaps
(DBN)

Stepkids Sue Lawyer’s Widow Over Alleged $1.4M Trust Investment With Bernard Madoff
(DBN)

The New Financial Crime Wave
(DBN)

Rothstein big spender on jewelry, slow to pay for purchases
(DBN)

Rothstein Chabad Insider Speaks Out Against Rabbi, Secrecy
(DBN)

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Bankruptcy Crimes:

Meridian man sentenced for bankruptcy fraud
(DBN)

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Chemicals:

Chemtura Hit With $9B Claim Over Toxic Chemicals
(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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Sales:

Credit Bidding
(DBN)

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Student Debt:

Court sides with debtor in student loan case
(DBN)

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Celebs:

Lenny Dykstra Loses Bid For Insurance Money
(DBN)

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Avoidance Actions:

What happens when an avoidable transfer crosses international borders?
(DBN)

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Corporate Governance:

California Court of Appeal Provides Guidance For Directors Of Financially Distressed California Corporations
(DBN)

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Municipalities:

Villaraigosa warns of bankruptcy if L.A. City Council blocks electricity rate hike
(DBN)

States Challenge Health Bill Saying Medicaid Expansion Will Bust Budgets
(DBN)

Bloomberg Projects Worst NYC Job Cuts In Decades; As Many As 19,000 Could Face Ax
(DBN)

California, in Financial Crisis, Opens Prison Doors
(DBN)

Another hard year for California economy: report
(DBN)

CA: 12 Local Schools Could Face Bankruptcy
(DBN)

Municipalities and derivatives: Cities in the casino
(DBN)

Pennsylvania’s state capital is on the brink of bankruptcy
(DBN)

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Horse Racing:

Auction for Md. horse tracks called off
(DBN)

Magna Parent to Acquire Maryland Tracks
(DBN)

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Corporate Reform:

Wall Street Reform Flies Through Committee, Headed For Floor Fight
(DBN)

Short Sellers Do Work of Cops on Doughnut Break
(DBN)

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Health Care:

States Sue to Block Health-Care Reform as Illegal
(DBN)

Health Care Suits by States ’Unlikely to Succeed,’ Scholars Say
(DBN)

Health Reform: How Much Will It Hurt?
(DBN)

On Tort Reform and the Health-Care Bill: Where’d We End Up?
(DBN)

What the Rich Will Pay for Health Care
(DBN)

Will New Health Care Really Cut Costs?
(DBN)

Health-care reform II: the sequel
(DBN)

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Distressed Investing:

Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund
(DBN)

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Defaults:

Wacky Tobaccy, and the Debt Refi Cliff
(DBN)

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Oil/Gas:

Judge approves refinery sale order
(DBN)

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Golf:

Bankruptcy judge approves Reserve Club reorganization
(DBN)

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Movies:

Former studio CEO charged in film tax credit case
(DBN)

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UK:

British insolvencies fall 15% year-on-year
(DBN)

Insolvency rules fail co-ops, say MPs
(DBN)

Administrators' pre-appointment costs and pre-packs
(DBN)

Alstom UK Board Members Arrested in Bribery Case, SFO Says
(DBN)

Wales suffers lowest level of insolvencies
(DBN)

Crackdown on 'phoenix' insolvency deals
(DBN)

Moore Capital Worker Among Six Arrested for UK Insider Deals
(DBN)

Britain Raids a Leading Hedge Fund
(DBN)

______________

EU:

Fitch downgrades Portugal on budget concerns
(DBN)

Greek Rescue Spells Tragedy For The Euro
(DBN)

Spain, France seek Eurogroup meeting on Greece
(DBN)

Germany Sees Strong IMF Role on Greece, Official Says
(DBN)

Versailles Redux
(DBN)

Euro struggles at 10 month lows, Greece drags
(DBN)

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Greece:

Germany sets tough terms for EU help for Greece
(DBN)

Germany Seems to Signal a Compromise on Greece
(DBN)

Why Greece is not suffering quite enough yet
(DBN)

A possible answer to Greece's debt - A new internal currency
(DBN)

______________

Canada:

Canwest Guilty of 'Gamesmanship' in Bankruptcy , Goldman Says
(DBN)

CanWest broadcast sale urgent, court told
(DBN)

A tough day nears for Abitibi workers
(DBN)

Sahara Energy seeks protection under BIA (Sahara-Energy)
(DBN)

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Spain:

No Insolvent Financial Institutions In Spain
(DBN)

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Germany:

German Business Confidence Rises in March
(DBN)

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Ireland:

Investigators close in on Ireland's bankers
(DBN)

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Slovak Republic:

The Slovak Chapter 11
(DBN)

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China:

Mutually beneficial US-China economic relationship beginning to unravel
(DBN)

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