May 12, 2010

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Clifford Chance Strengthens US Firm With New Bankruptcy Partner
(DBN)

Ex-Squire Sanders City chief joins McGuireWoods in double hire, including restructuring
(DBN)

Good Times May Be Here Again for M&A Lawyers
(DBN)

A Bankruptcy Fee Bonanza
(WSJ: separate paid subscription required)

How Many Firms Will Continue To Pay For A Pro Bono Year?
(DBN)

Atypical law-firm culture at Jones Day: Everyone seems happy
(DBN)

The Am Law 100 2010: Too Big to Fail?
(DBN)

A Perfect Work-Life Balance May Be a Fantasy for Lawyers
(DBN)

Antoin Tony Rezko bankruptcy: Trustee asks for return of $1.7 million in legal fees from Antoin Tony Rezko
(DBN)

Former RRA Partner Holds Out Hope for Settlement in Firm Bankruptcy
(DBN)

Condo Developers Take On N.Y. Attorney General Over Stroock's Alleged $16 Million Typo
(DBN)

Lawyers—Especially Men—May Be Too Optimistic About Case Outcomes, Survey Says
(DBN)

Struggling Industry Round-Up: Video Stores And (Gulp)Media
(DBN)

Court: Accurate reporting about bankruptcy litigation not libelous
(DBN)

Risk Management and E-Discovery: Qualcomm Revisited
(DBN)

‘Shortcuts’ by NYPD Lab Tech Could Put Thousands of Cases in Doubt
(DBN)

Ethics Officials Seeing More Cases from Lawyers’ Online Foibles
(DBN)

E-Discovery, Business Goals and Best Practices
(DBN)

Show Us the Love to Avoid Discovery Fights, Attorneys Urge
(DBN)

Triple Vision for Attorney Dad About to See His 3 Kids, All 26, Earn JDs
(DBN)

Law School Disclosure on Employment Stats?
(DBN)

Unlucky 13: None of the Managing Partners in this Group Have iPads
(DBN)

Were 16 Law Schools Too Revealing in Disclosures to U.S. News?
(DBN)

It’s a Law Firm, Not a Fat Farm
(DBN)

"The Good Wife" - Alicia Grows Up, Keeps Job
(DBN)

Um, Honey, Our Kid Has Been Kidnapped ... Again
(DBN)

______________

Judges:

Kagan at West Point: A Speech You Might Hear More About
(DBN)

Obama's Supreme Court Nominee Brings Bankruptcy Experience to the Court
(DBN)

Why Hollywood should be very nervous about Elena Kagan
(DBN)

What Kagan Would Mean for Tech
(DBN)

So Who Takes Kagan’s Spot As Solicitor General?
(DBN)

Who Does SCOTUS Nominee Elena Kagan Look Like?
(DBN)

Judicial experience a fairly new expectation for Supreme Court nominees
(DBN)

33% Want Kagan Confirmed, 33% Do Not, 34% Not Sure
(DBN)

A ‘Sleeper Issue’? Kagan Urged Clinton to Support Ban on Late-Term Abortions
(DBN)

Kagan Fits Mold of ‘Organization Kids’ Who Didn't Take Risks, Columnist Says
(DBN)

Elena Kagan and Me: One Semester of Civ Pro With the New SCOTUS Nominee
(DBN)

My law school classmate, Elena Kagan
(DBN)

Elena Kagan , Post lawyer
(DBN)

Doubts about Kagan on key Obama issue
(DBN)

The obsession with Kagan's 'careerism' is more than a little sexist
(DBN)

The Kagan Appointment and the Women's Movement
(DBN)

Sessions, Hatch Distance Themselves From RNC Attack On Kagan
(DBN)

Kagan Probably Will Be Confirmed, Conservatives Say
(DBN)

GOP wants Clinton-era papers on Kagan
(DBN)

The Hilarious Media War Over Steele's Slavery-Based Attack on Kagan
(DBN)

9 Editorials on Elena Kagan
(DBN)

See Supreme Court Nominee Elena Kagan’s Financials for Yourself
(DBN)

One contingent hopes Kagan hearings revisit 9/11 case
(DBN)

The Judge in the Gray Flannel Suit
(DBN)

Sotomayor vs. Kagan : The Politics
(DBN)

On Elena Kagan and the Socratic Method: One Man’s Tale
(DBN)

Kagan Nomination Gives Sestak Chance to Scold Specter
(DBN)

Lawrence Lessig Calls Glenn Greenwald's Critique Of Elena Kagan 'Absurd'
(DBN)

Law Review Article Could Spell Trouble for Kagan at Confirmation Hearing
(DBN)

______________

Wall Street:

Stock futures rise modestly, point to higher open
(DBN)

Most Asian Stocks Rise
(DBN)

European Stocks Advance
(DBN)

How the major stock indexes fared on Tuesday
(DBN)

Euro, Stocks, Commodities Retreat as Bailout Optimism Ebbs
(DBN)

US single-stock circuit breakers done deal: source
(DBN)

Market Inquiry Focuses on One Trader
(DBN)

JPMorgan Traders Match Goldman's Quarter With No Trading Loss
(DBN)

Goldman Sachs ' moral obligation
(DBN)

US stock drop could have been twice as bad: Goldman
(DBN)

SEC Sends Subpoenas in Probe of Stock-Market Drop
(DBN)

Wall Street hires army of Washington insiders
(DBN)

______________

Layoffs:

Fed's Lacker Sees Evidence US Jobs on Growth Path
(DBN)

Dean Foods plans to cut up to 400 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Hotels:

Bidding for Extended Stay assets "robust"
(DBN)

Grand Island Holiday Inn owner files for bankruptcy protection
(DBN)

______________

Tech:

Spansion emerges from bankruptcy leaner, profitable
(DBN)

______________

Autos:

Senator will block PBGC vote over Delphi pensions
(DBN)

GM payback will take more than a Google miracle
(DBN)

GM dealer declares war on wind-downs
(DBN)

UAW looks to cash in on industry’s gains
(DBN)

GM weighs options for GMAC-like finance arm
(DBN)

GM considers return to finance business
(DBN)

Why small cars equal small profits
(DBN)

______________

Debt Collection:

Bad-Debt Prices Up In 2010
(DBN)

Judges Taking On Debt Collectors' Shady Practices
(DBN)

______________

 

 

 

Economy:

In Greece, a Reflection of U.S. Debt Problems - Both Have Governments Too Big For their Budgets
(DBN)

Wholesale Inventories, Sales in US Rose in March
(DBN)

Consumer Confidence Rises in May on Jobs Hopes
(DBN)

Senate backs one-time audit of Fed bailout roles
(DBN)

Where Did the $2trn Bailout Go? Amendment to Dodd Bill Wants to Know
(DBN)

US Exposure to EU Bailout: $50 Billion and Counting
(DBN)

TARP Watchdog Says US Gets Fair Prices for Warrants
(DBN)

No Morgan Stanley handout, Treasury says
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Law Firms Readying for Real Estate Work Even Without Market Rebound
(DBN)

Home Prices Gain in 91 US Cities in First Quarter
(DBN)

Monthly House Prices Remain 1.9% Below 2009: IAS
(DBN)

Home prices could sink without tax credit
(DBN)

20 Cities Where Home Prices Are Still Dropping Like A Stone
(DBN)

Mortgage defaults in U.S. show signs of slowing
(DBN)

Predatory Loan Modifications
(DBN)

Single Women Bought First Homes at Twice the Rate of Men in 2009
(DBN)

Foreclosure Standoff: Homeowner Carried Out of Home by His Hands and Feet
(DBN)

US Senate rejects GOP's Fannie, Freddie plan
(DBN)

Freddie lets GMAC loan go free for fee
(DBN)

Senate Approves Study of Fannie Mae and Freddie Mac
(DBN)

Home Prices Stabilize in Non-Boom Regions
(DBN)

Was There Good Reason for a Housing Boom?
(DBN)

CMBS Loan Resolutions Slow Delinquency Climb
(DBN)

FDIC Safe Harbor Changes Could Risk Investor Confidence
(DBN)

Court Approves Brookfield $180M Bankruptcy-Exit Deal For Fairfield
(DBN)

Developer Tim Malone declares bankruptcy
(DBN)

4,000 new NY luxury condos sitting vacant
(DBN)

Legend Homes, one of Portland's biggest builders, back from bankruptcy
(DBN)

Buyout Firm Wins Fremont General Out Of Bankruptcy
(DBN)

_____________

Banking:

FDIC Approves Proposal for Large Banks to Write 'Funeral Plans'
(DBN)

Top 10 Best Practices For Lenders On Problem Loans
(DBN)

______________

Health Care:

Medical-services provider Chem Rx files for bankruptcy
(DBN)

Average family medical costs top $18,000
(DBN)

The Most Popular Prescription Drugs
(DBN)

Emeritus/Blackstone Joint Venture Announced as Sole Bidder in Sunwest Bankruptcy Auction
(DBN)

St. Vincent's Hospital Closing May Violate Federal and State WARN Acts
(DBN)

Westbrook Zeroes In on St. Vincent's Property
(DBN)

Chance Of Having A Heart Attack Spikes After Working More Than 10 Hours Per Day
(DBN)

______________

Aerospace:

Sea Launch plan may pay Boeing less than owed
(DBN)

______________

Baseball:

Texas Rangers' fate likely to fall on commish
(DBN)

Selig plays hardball with creditors in Rangers' sale
(DBN)

Selig and Hedge Fund Face Off Over Rangers
(DBN)

______________

Basketball:

Ross Perot Jr. sues Mark Cuban, claims Mavericks 'insolvent'
(DBN)

Perot v. Cuban
(DBN)

Mark Cuban responds to Perot Jr.'s lawsuit: Mavs are not insolvent
(DBN)

______________

Municipalities:

Not a Sidewalk to Walk On or a Leg to Stand On
(DBN)

California Vs. The WORLD
(DBN)

Schwarzenegger Readies 'Terrible Cuts' to Close California Budget Deficit
(DBN)

______________

Trade Claims:

When are goods received for the purpose of asserting administrative priority status under Section 503(b)(9)of the Bankruptcy Code?
(DBN)

______________

Television:

Judge Reaffirms Young Broadcasting Reorganization Plan
(DBN)

______________

Credit Cards:

Senator proposes limiting credit card swipe fees
(DBN)

______________

Corporate Reform:

How many votes will financial reform get?
(DBN)

Dodd: Senate Will Vote On 'Volcker Rule' Amendment This Week
(DBN)

Morgan Stanley probed by Federal authorities
(DBN)

Morgan Stanley's Gorman Says No Substance to CDO Allegations
(DBN)

Payday lenders and check cashers fight financial reform legislation in Congress
(DBN)

BP: From Oil Spilling to Financial Reform Killing
(DBN)

Tidying Up the Lot
(DBN)

______________

Food/Drink:

USA Springs seeks OK for $55m loan
(DBN)

______________

Tax:

World Health Organization Moving Ahead on Billions in Internet and Other Taxes
(DBN)

Hotel Developers Implicated in $33 Million Tax Scam
(DBN)

_____________

Oil/Gas:

Liability Lessons From the Gulf Oil Rig Disaster
(DBN)

BP Pushes for Houston; Plaintiffs’ Lawyers Aren't so Sure
(DBN)

Of Oil Slicks and D&O Claims
(DBN)

Chronology of Gulf of Mexico oil spill
(DBN)

9 Ways to Fix a Catastrophic Oil Spill
(DBN)

BP oil spill has rattled the entire offshore industry
(DBN)

Oil spill testimony to Congress: Not our fault
(DBN)

Industry Doesn't Step Up
(DBN)

BP and Transocean blame each other for Gulf of Mexico oil spill
(DBN)

Gulf oil spill driving up seafood prices
(DBN)

U.S. to Break Up Oil-Rig Regulator
(DBN)

Does Administration’s Proposed Break-up of Offshore Oil Regulator Go Far Enough?
(DBN)

Natural Gas Slows Oil Leak in Gulf
(DBN)

Dead Dolphins Wash Up On Coast; Oil's Role Unclear
(DBN)

_____________

 

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 - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Liquidations dominate bankruptcy filings
(DBN)

The Uneven Rise and Fall of Bankruptcy Filings
(DBN)

______________

Bankruptcy Reform:

Did Changing Bankruptcy Laws Cause the Mortgage Mess?
(DBN)

______________

Mass Torts:

No Conflicts Found in Congoleum Paying $2 Million Fee to Asbestos Plaintiffs Lawyers
(DBN)

______________

Examiners:

Tribune's examiner says he will analyze strength of fraud claim
(DBN)

______________

Consumer Debt:

$123 billion in 19 Months: Credit Card Debt's Amazing Plummet
(DBN)

______________

Avoidance Actions:

Fraudulent Transfers and LBOs – It’s All In the Numbers . . . Or Is It?
(DBN)

______________

Aviation:

Turbulence Ahead for Continental-UAL Merger Plans?
(DBN)

______________

Awards:

Boys & Girls Harbor Honors Weil's Marcia Goldstein
(DBN)

______________

Religion:

"Sin Within the Church" Threat to Catholicism: Pope Benedict
(DBN)

Pope blames church's own sins for sex scandal, not outsiders; calls for profound purification
(DBN)

______________

Trucking:

YRC charts course to recovery by end of 2010
(DBN)

______________

Lasers:

GSI Group details plan to exit bankruptcy
(DBN)

______________

Hockey:

NY judge orders NHL's suit against Moyes to Arizona
(DBN)

Coyotes' suitor breaks off talks
(DBN)

Ice Edge out; True North silent
(DBN)

NHL may get $25M from city to keep Coyotes in AZ
(DBN)

Coyotes' future is coming to a head
(DBN)

______________

Retailing:

Zale Receives $150 Million Five-Year Loan From Golden Gate
(DBN)

Distressed Retail Mortgages Present CMBS Special Servicers with Unique Challenges
(DBN)

______________

Celebs:

Lenny Dykstra Hits A New Low
(DBN)

Michael Jackson pleads for financial help
(DBN)

______________

Politics:

Eye on the Big Bank Lobby
(DBN)

______________

Bankruptcy Crimes:

Woman convicted of bankruptcy and wire fraud
(DBN)

______________

Tax:

Congratulations, You're Paying the Least Amount Of Taxes In Sixty Years
(DBN)

______________

Fraud:

Moody's CEO's "Automatic Sale" Defense May Not Cut It: Time To Launch Insider-Trading Investigation
(DBN)

Cuomo: Ivy Lied to Clients About Madoff Fraud
(DBN)

Goldman: The conflicts aren't the problem. The conflicts are the opportunity.
(WSJ: separate paid subscription required)

Fair Finance owner holds expensive cars, art
(DBN)

Faith-Based Bank Execs Accused of Fraud
(DBN)

______________

Theater:

Pasadena Playhouse files for Chapter 11 bankruptcy
(DBN)

______________

UK:

UK markets buoyed by new government, await fiscal detail
(DBN)

PwC: Lawyers want more CVAs
(DBN)

Cameron is UK's New PM, Youngest in 200 Yrs
(DBN)

Spotting a supplier in financial trouble
(DBN)

______________

EU:

Europe's Economy Grows at Faster Pace Than Forecast
(DBN)

Trillion-Dollar Bailout Plan Sparks Grim Musings on Future of Europe
(DBN)

Germany: We Are The Schmucks Of Europe
(DBN)

Even $1 Trillion Won't Save The European Disaster, Says Roubini
(DBN)

Gold Trades Near Record as European Debt Threatens Currencies
(DBN)

IMF Plays Deal Maker in Europe
(DBN)

Spain Outlines New Budget Cuts
(DBN)

______________

Canada:

Godfrey, Bondholders Top Torstar With C$1.1 Billion Canwest Bid
(DBN)

Court to review Alberta Health's bid to ward off Calgary clinic's bankruptcy
(DBN)

Surgeries to continue at private Calgary hospital, but at a cost to taxpayers
(DBN)

Steward: Bankrupt beacon of privatized health-care
(DBN)

______________

Greece:

The Lessons of Greece
(DBN)

IMF Still Predicting Gloom for Greece
(DBN)

Time for Greece to play by the E.U.'s rules
(DBN)

Greece Bailout May Not Be Enough: Economists Say It Will Only Buy the Country Some Breathing Space
(DBN)

Rosenberg: Greece Is LTCM All Over Again, And The PIIG Economies Will Get Savaged By Austerity
(DBN)

IMF report predicts long, painful road ahead for Greece's recovery
(DBN)

Greece 1Q GDP -0.8% q/q,-2.3% y/y As Public Consumption Drops
(DBN)

______________

Germany:

German economy grows 0.2 percent in Q1
(DBN)

______________

Iceland:

Iceland Issues Warrant for Kaupthing Bank Ex-Chairman Einarsson
(DBN)

______________

 

Please note that The Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that The Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive The Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when The Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).