March 25, 2010

The Daily Bankruptcy News

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Law:

Layoff Patterns: Was There a Method to the Madness?
(DBN)

Report Finds Power Shift and Declining Support for Law Firm ‘Up or Out’ Model
(DBN)

Associate Bonus Watch: Paul Hastings Matches Cravath Scale Everywhere but Atlanta
(DBN)

Your Average BigLaw Name Partner Is a Dead White Guy
(DBN)

General Counsel Flex Their Muscles
(DBN)

7 Factors Behind Landing an In-House Law Job
(DBN)

More 2010 Start Dates Trickle In: Good News for Kirkland, Simpson First-Years
(DBN)

McGuireWoods Wants Its $12 Million in Fees
(DBN)

Lawyers converge for Toyota hearing
(DBN)

ATL Courtship Connection: Lawyers in Love with Lillie’s
(DBN)

Lawyer Accused of Courtroom Seat-Belt Stunt Avoids Sanctions
(DBN)

Laboratory Alleges Patent Denied due to Attorney's Plagiarism
(DBN)

Lawyer Sues After Film Contained More Thighs than Anticipated
(DBN)

From Snow Cones to Law Practice: Solo Makes the Best of Bad Marketing Ideas
(DBN)

Ex-DLA Partner Who Forged Payroll Docs to Boost Salary Gets Jail Time
(DBN)

Manhattan District Attorney’s Private Bank Accounts Publicized
(DBN)

Pimp Daddy, Attorney at Law: NY Lawyer Admits Running Bordello
(DBN)

Blistering SEC Watchdog Report Criticizes Ex-Venable Partner
(DBN)

9/11 Lawyers Return to Bargaining Table to Refine Settlement
(DBN)

Tempers Flare in North Face v. South Butt
(DBN)

Indian Lawyers Group Seeks to Prohibit Activities of Foreign Law Firms
(DBN)

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Judges:

16-Year Judge Loses Seat on Bench Over Husband's Peripheral Role in 1 Divorce Case
(DBN)

Scalia and Breyer Go At It Once Again
(DBN)

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Wall Street:

Futures higher ahead of jobs data
(DBN)

Bonus cuts put 'massive wrench' in Wall Street divorces
(DBN)

Goldman Sachs Accused of Disrespecting the Miracle of Life
(DBN)

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Layoffs:

Illinois State Police brace for drastic cuts
(DBN)

Group says Va budget cuts will cost 37,000 jobs
(DBN)

2.4M US Jobs Have Been Lost to China
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Utilities:

US electricity co Bosque Power files for bankruptcy
(DBN)

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Non-Profits:

Judge approves Rainbows United bankruptcy plan
(DBN)

Vows to pick up where ACORN left off are made
(DBN)

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Newspapers:

Newspaper firm seeks extension of loan deadline
(DBN)

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Video Rentals:

Hollywood Video Closing 805 Stores
(DBN)

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Finance:

GMAC Sells Most of Factoring Business to Wells Fargo
(DBN)

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Awards:

White Case Ranked Top Bankruptcy Firm Worldwide in 2009
(DBN)

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Trucking:

Ex-Arrow truckers moving on with life
(DBN)

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Horse Racing:

Racing Industry Rallies For Aqueduct Casino
(DBN)

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Compensation:

Credit Suisse CEO rakes in $18 million for 2009
(DBN)

CEOS Defy Obama With More Cash Instead of Pay-for-Performance
(DBN)

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Accounting:

If BofA's Using Repo 105, What's Being Done About It?
(DBN)

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Hotels:

Nazarian’s Beverly Hills Hotel Back on Lenders’ Guest List
(DBN)

$hort stay deal
(DBN)

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Aviation:

Highland Airways collapses
(DBN)

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Sovereigns:

No Greece In The American Machine
(DBN)

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Hollywood:

Debtholders fight lowball MGM bids
(DBN)

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Attorneys' Fees:

Second Circuit Joins Ninth Circuit in Allowing Post-petition Attorneys' Fees on Undersecured Claims
(DBN)

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Student Debt:

Banks Could Lose Student-Loan Business
(DBN)

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Economy:

Durable Goods Orders Climb, Home Sales Decline
(DBN)

Treasuries Tumble as Five-Year Note Auction Draws Weak Demand
(DBN)

Fed's Hoenig 'Worried' Low Rates to Lead to Asset Price Bubbles
(DBN)

Social Security to See Payout Exceed Pay-In This Year
(DBN)

The False Threat Of The Fed's Swollen Balance Sheet
(DBN)

Bill Gross: What It Takes To Escape The Debt Trap
(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:

Bank of America to offer home loan writedowns
(DBN)

How Bank of America’s Mortgage Write-Down Program Works
(DBN)

Bank of America's Mortgage Writedown: Too Little, Too Late, and Too Confusing
(DBN)

BofA Principal Forgiveness Plan Bad for Junior Bondholders
(DBN)

U.S. banks pay lip service to second mortgages
(DBN)

TARP Inspector Barofsky Harps on HAMP
(DBN)

California’s Tax Credit: Will Home Buyers Stampede for $18,000?
(DBN)

Big Builders Reap Big Tax Benefits, Small Builders Reap Resentment
(DBN)

New-home sales fall to record low
(DBN)

The Debt Dance: Fannie, Freddie on Uncle Sam’s Books?
(DBN)

Home Builders Bounce On Bad News
(DBN)

Banks Foreclose on Hell! :)
(DBN)

Broker Warns About CMBS Modifications
(DBN)

Lawyer Jailed in Lieu of $7.5M Bail in Alleged Real Estate Fraud
(DBN)

Stage 3 developer files for bankruptcy
(DBN)

Charlotte County developer files for bankruptcy
(DBN)

Rents Rising as More Americans Can’t Afford to Buy
(DBN)

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Mail:

US Postal Service moves closer to 5-day delivery
(DBN)

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Health Care:

With healthcare reform, economic zombies shuffle toward bankruptcy
(DBN)

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Autos:

Chrysler Exec: March sales up 51 pct from Feb.
(DBN)

Darrow III owes $80 million in personal bankruptcy
(DBN)

Fiat says report of 5,000 job cuts is premature
(DBN)

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Radio:

WLS-parent Citadel seeks more control in bankruptcy
(DBN)

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Debt Collection:

Preparing for an Administrative Tidal Wave in the ARM Industry
(DBN)

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Video Rentals:

Blockbuster is 'bleeding to death'
(DBN)

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Art:

Dreier’s Warhols Can’t Be Claimed by 360networks
(DBN)

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Sovereigns:

Ex-IMF head urges insolvency mechanism for states
(DBN)

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Litigation:

Challenging 'Manual' ESI Collections
(DBN)

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Gambling:

Station breakup proposed
(DBN)

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Municipalities:

Bankruptcy ? What bankruptcy ?
(DBN)

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Environmental:

Chemtura hits back at $9 billion claim over toxins
(DBN)

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Corporate Reform:

Behind Consumer Agency Idea, a Tireless Advocate
(DBN)

Elizabeth Warren: 'Socratic With A Machine Gun'
(DBN)

Financial Reform Gets A Boost
(DBN)

How Financial Reform May Play Out
(DBN)

Is Sarbanes-Oxley a failure
(DBN)

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Museums:

Hollywood Museum Isn't Giving Up
(DBN)

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Newspapers:

Newspaper firm's lenders ready a bid
(DBN)

Newspaper Ad Revenues Fall to 1986 Levels
(DBN)

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Private Equity:

Private Equity: The Cause of, and Solution to, All of Life’s Problems
(DBN)

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Tax:

Tax Refunds from NOL Carrybacks Create a Window of Opportunity for Lenders
(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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Insurance:

Ambac says may seek bankruptcy protection
(DBN)

Ambac Establishes Segregated Account for Certain Policies
(DBN)

Second Circuit Affirms Excess D&O Insurers' Coverage Denial Based on Prior Knowledge Exclusion
(DBN)

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Bankruptcy Theater:

Is Bringing Enron To Broadway A Crap Shoot?
(DBN)

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Corporate Governance:

Icahn says Lions Gate board failed shareholders
(DBN)

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Fraud:

Madoff - analysis of the recent decision regarding the scope of SIPA protection
(DBN)

Galleon wins wiretap stay
(DBN)

Hecker's ex-wife reaches deal on jewelry, cars, cash with bankruptcy trustee
(DBN)

More legal troubles for Hecker
(DBN)

Another Hecker lawyer is out
(DBN)

Hecker bankruptcy attorney to withdraw
(DBN)

SEC accuses New Mexico real estate executive of $80M Ponzi scheme
(DBN)

Petters' homes go to government; judge says appeal 'unlikely to succeed'
(DBN)

How Not to Run an SEC Investigation
(DBN)

The Man Who Outted Madoff
(DBN)

Vaughan ran fraud scheme, feds allege
(DBN)

The Securities-Fraud Tide Is Rising
(DBN)

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Avoidance Actions:

The Seventh Circuit's Recent Opinion in Boyer v. Crown Stock Distribution, Inc. - Lessons from a Failed Leveraged Asset Sale
(DBN)

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Banking:

First post-crisis bank IPO offers play on failure
(DBN)

Unions Make Strides as They Attack Banks
(DBN)

Rich Pumped for Fees in Banking Conflict of Interest
(DBN)

Bove Says Shares of U.S. Banks May Quadruple by 2012
(DBN)

12% of Michigan Banks in Trouble
(DBN)

Citi's Yard Sale Crimps a Turnaround
(WSJ: separate paid subscription required)

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Lehman:

Lehman Seeks Investment Partner
(DBN)

Soros Fund Buys $38 Million in Lehman Claims From Goldman Sachs
(DBN)

Janus Sells a $153.5 Million Lehman Claim to Merrill Lynch
(DBN)

Petition to United States Bankruptcy Court for appointment of a Lehman Brothers Equity Committee
(DBN)

Fuld Feeling Good, Now
(DBN)

Where Are the Perp Walks?
(DBN)

Even Bankrupt Lehman Gets a Fat Tax Refund
(DBN)

Report: Richard Fuld Practically Wet Himself During Lehman Inquiry
(DBN)

Lehman Head Warns of More Big Bank Failures
(DBN)

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UK:

Britons Cling to Services, Despite Debt
(DBN)

Tenon warns of ‘long tail’ of insolvencies
(DBN)

British retail sales post biggest jump since May 2008
(DBN)

Where's The Selloff?
(DBN)

Toothless No More? FSA’s Sweep Sends Signal on Insider Trading
(DBN)

Debt Relief Orders to receive "common sense" change
(DBN)

______________

EU:

Frantic EU seeks solution to Greek debt crisis
(DBN)

Bailout Showdown: Greece and Germany Raise the Stakes
(DBN)

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Greece:

Greece to Default ‘At Some Point,’ UBS’s Donovan Says
(DBN)

IMF role in Greek aid could tarnish euro
(DBN)

Move will take pressure off Greek banks
(DBN)

______________

Canada:

Rail maintenance firm Jarvis PLC going into administration
(DBN)

CanWest asks court to boost executive bonuses
(DBN)

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Germany:

Uncertain future for Germany's Karstadt
(DBN)

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Australia:

Settlement approved in dispute over HIH collapse
(DBN)

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Argentina:

Argentina Wins Ruling Over Citibank Asset Seizure
(DBN)

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Middle East:

Dubai commits $9.5 bln to Dubai World
(DBN)

Stocks Rally, Dubai Swaps Plunge as Officials Ease Debt Concern
(DBN)

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