May 14, 2010

The Daily Bankruptcy News

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Law:

Hiring Law Firms Offer ‘Reverse Signing Bonus’ Instead of Guaranteed Minimums
(DBN)

One PPEP Junkie Down, 199 to Go
(DBN)

The Perks of Small Law: Tuesday Masseuse and Tagging Events
(DBN)

Remember the $60, 8-Word E-Mail? Client Shares Hard-Learned Legal Cost-Control Tips
(DBN)

What’s the Difference Between an Email and a Pager?
(DBN)

DLA Piper in secret outsourcing discussions
(DBN)

THE AM LAW 100 2010: Alternative Fee Reality
(DBN)

White-Collar Bar: Mobilize!
(DBN)

Law Firm Trades Walls & Doors for Roof Deck, Coffee Bar, Comfy Sofas & Flat-Screen TVs
(DBN)

Lawyer Accused of Shooting at Census Worker
(DBN)

Venable Adds Bankruptcy Partner
(DBN)

Clifford Chance recruits Pillsbury restructuring partner for New York base
(DBN)

Upstart Bankruptcy Firm Took Leap of Faith That's Paying Off So Far
(DBN)

Smart Marketing Moves If a Law Firm Client Merges or Dissolves
(DBN)

Plaintiffs Attorneys Sanctioned for 'Spurious' Allegation
(DBN)

Plaintiffs From $1 Billion Case Take Another Shot at BofA
(DBN)

Linklaters lays off six associates and gets a kicking in court
(DBN)

Hogan Lovells issues ban on "provocative" clothing
(DBN)

Wolf Block to Former Partner Suing Over Severance: Wait Your Turn
(DBN)

Greenberg Traurig and Quarles & Brady Named in Investor Class Action
(DBN)

Suit Against Crowell Over Pan Am 73 Award Now in 2 Courts
(DBN)

U.S. judge to pick lead attorneys in Toyota cases
(DBN)

Judge Guts Chevron's Malicious Prosecution Suit Against Lawyer
(DBN)

Risk-Averse Lawyers Surf Net Into Stormy Ethical Seas
(DBN)

Revenue dips at leading UK firms but market remains bullish on recovery
(DBN)

World Wrestling Entertainment Denies Firing GC for Sexual Harassment
(DBN)

Would-Be Law Student Quits Tuition Contest Because of Mean-Spirited Blog Comments
(DBN)

Summer Associate of the Day: Kaavya Viswanathan (Aka the Alleged Harvard Plagiarist)
(DBN)

Firm Partner Gives Big to Alma Mater
(DBN)

New York Law School Student Trying to Scalp Graduation Tickets
(DBN)

An Explosive Federalist Society Lunch at Michigan Law?
(DBN)

Career Alternatives for Attorneys: Football Coach
(DBN)

RIP ‘Law & Order’? NBC Said to Mull Killing Legal Drama After 20 Seasons
(DBN)

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Judges:

The Ghost of Mrs. Kagan
(DBN)

What Citizens United Case Reveals About Kagan
(DBN)

Kagan’s Link to Marshall Cuts 2 Ways
(DBN)

Scoring Elena: NRA Sizes Up Candidate’s Record on Guns
(DBN)

A New Spin on Kagan's Positions
(DBN)

Senator: Kagan critical of Supreme Court
(DBN)

Obama Flashback: Supreme Court Nominee With No Judicial Experience Requires Extreme Scrutiny
(DBN)

‘Sleazy Profiteer?’ Op-Ed, Chamber Group Urge No Vote on Motley Rice Judicial Nominee
(DBN)

Liu's 9th Circuit Nomination Heads to Full Senate
(DBN)

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Wall Street:

Futures lower with data on tap, debt worries nag
(DBN)

Time for Regulators to Impose Order in the Markets
(DBN)

Euro Sags and Markets Turn Lower
(DBN)

Retail Reports Trip Up Stocks
(DBN)

The sound of unbridled market chaos
(DBN)

Oliver Stone Got Insights from Eliot Spitzer for Latest Wall Street Film
(DBN)

Employee Poaching Returns to Wall Street
(DBN)

‘Perfect Quarter’ at Four U.S. Banks Shows Fed-Fueled Revival
(DBN)

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Layoffs:

Jobless Claims in US Declined to 444,000 Last Week
(DBN)

America's Layoff Capitals
(DBN)

Industries Where Jobs May Not Return
(DBN)

Billboard petitions Obama for 'a freakin' job'
(DBN)

Airline employment continues its slide
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Ford CEO says 2010 will be "solidly" profitable
(DBN)

Ford Says Mulally Will Be CEO 'as Long as He Wants'
(DBN)

Chrysler concerned about GM's financing plans
(DBN)

Chrysler watching GM financing moves closely
(DBN)

GM to release first-quarter results Monday
(DBN)

Uncle Sam should firmly nix GM empire-building
(DBN)

Cooper-Standard Automotive Obtains Confirmation of Plan of Reorganization
(DBN)

Obama firm on dealer oversight
(DBN)

Is a Two-Tier Wage System Sowing Division Among UAW Workers?
(DBN)

U.A.W. Wants to Share in Big 3’s Financial Success
(DBN)

Federal judge in Calif. begins housekeeping of Toyota lawsuits as lawyers jockey to take lead
(DBN)

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Building Materials:

Aleris International's Plan of Reorganization Confirmed by Bankruptcy Court
(DBN)

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Conversion:

Sixth Circuit Affirms Bankruptcy Court’s Retroactive Conversion Order
(DBN)

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Banking:

How Big Banks Managed Miraculous Perfect Quarter
(DBN)

Forecast For The Sunshine State: Thunderstorms
(DBN)

Midwest Bank warns failure may be near
(DBN)

Changing the Narrative: Goldman Helps Ill. Bank
(DBN)

Swiss Whittle Away at Banking Secrecy
(DBN)

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Consultants:

Former Mesirow Employees Lose Trade Secret Ruling
(DBN)

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Municipalities:

A Michigan success story
(DBN)

Showdown in New York: Legislature Approves 100,000 Furloughs; Judge Blocks Action After Union Protest
(DBN)

15 Scary Reasons Why It's New York That's The Next Greece
(DBN)

Illinois among worst states for business
(DBN)

Michigan ranked as third-worst state for business by CEOs
(DBN)

D.C. flirts with its own Greek tragedy
(DBN)

In anticipation of upcoming bankruptcy hearing, Prichard approves $10.25 million budget 8 months into fiscal year
(DBN)

Banks’ Municipal Debt Trades Face Preliminary Probe
(DBN)

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Economy:

New claims for unemployment insurance inch down
(DBN)

Millions of jobs that were cut won't likely return
(DBN)

US faces same problems as Greece, says Bank of England
(DBN)

Deloitte: Executives Seem To Feel A Double Dip Is Coming
(DBN)

Americans' spending falls in April from March; figures underscore uncertain economic picture
(DBN)

Why Did the Senate Vote to Audit the Fed?
(DBN)

TARP watchdog: Big banks slashed small business credit lines
(DBN)

Could Debt Drive the U.S. to Collapse Like Greece?
(DBN)

Elizabeth Warren: ‘Capitalism Cannot Survive’ No-Strings Attached Bailouts
(DBN)

Majority Still Believe US is in Recession
(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:

US Home Seizures Reach Record as Recovery Delayed
(DBN)

Foreclosure continue to rise as banks work on backlogs
(DBN)

Home-buying fades without government help
(DBN)

Foreclosures Dip, More Trouble Ahead
(DBN)

Only $242 Million Spent So Far on Gov’t $75B Mortgage Mod Program
(DBN)

BofA Reaches 56,400 Permanent HAMP Mods
(DBN)

2 Lawyers Among 17 Charged in $3M Mortgage Rescue Fraud
(DBN)

Online system streamlines mortgage modification
(DBN)

Housing never really improved
(DBN)

Mortgage rates hit lowest levels of the year
(DBN)

Sellers Reduce Nearly 25% of List Prices in 2010
(DBN)

Crisis cut U.S. minority mortgage access
(DBN)

Ill. foreclosure filings jump 38% from 2009
(DBN)

W.Va. mortgage foreclosures up 24% in 2009
(DBN)

Distressed Sales Dominate Two-Thirds of Orlando Market
(DBN)

In California, Rates of Delinquency Vary, Mostly Driven by Negative Equity
(DBN)

Foreclosure filings in New York City dip from 2009: 'Things getting better'
(DBN)

To the survivors go the spoils of wrecked housing market
(DBN)

Housing Bulls Just Aren't Paying Attention To The Facts
(DBN)

Delinquency-Negative Equity Correlation
(DBN)

Senate Moves To Ban YSPs, No-Doc Loans
(DBN)

Are Pension Funds Warming Up to CRE Again?
(DBN)

Mall, Shopping Center REITs See Brightening Retail Landscape
(DBN)

New Survey Finds Improved Sentiment Among CRE Execs
(DBN)

CMBS Loan Delinquencies Keep Rising, Moody's Says
(DBN)

Are Friends of Angelo Still Receiving Perks From Bank of America?
(DBN)

13 Senators Who LOVE Fannie Mae And Freddie Mac
(DBN)

Tea Party protestors take aim at Fannie and Freddie
(DBN)

Private-equity firms Apollo Global Management and Centerbridge Capital Partners seek to acquire special servicer that holds troubled Stuyvesant Town loans
(DBN)

Residents ask for CalPERS’ help in Stuy Town rescue
(DBN)

Lake Las Vegas golf course owner sues Henderson over water agreement
(DBN)

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Fraud:

Rothstein Trustee Sues AmEx For $20M
(DBN)

Judge: RRA depositions open to the public
(DBN)

Former Rothstein Chief Operating Officer Gets Plea Deal
(DBN)

Rajaratnam Says Cricket, Not Crime, Was on His Mind
(DBN)

Ponzi report: Failures span 3 agencies
(DBN)

NY attorney general probing 8 banks over securities
(DBN)

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Corporate Reform:

Congress a stage for scolding of executives
(DBN)

With Banks Under Fire, Some Expect a Settlement
(DBN)

Moynihan Is Obama’s Top Bank Ally on Rules Overhaul
(DBN)

Bank probes expanding with new investigation
(DBN)

Banks, Ratings Agencies Said to Be Subpoenaed by NY's Cuomo
(DBN)

Does Inquiry into Morgan Stanley Implicate Citi and UBS?
(DBN)

Mortgages, auto loans at issue
(DBN)

Airlines Want Regulations on Derivatives
(DBN)

With Obama, Regulations Are Back in Fashion
(DBN)

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Ratings Agencies:

Bloomberg to enter credit rating business?
(DBN)

Were the Ratings Agencies Duped Rather than Dumb?
(DBN)

ECB Official Lashes Out at Rating Agencies
(DBN)

Senate vote would upend rating agency system
(DBN)

An SEC office would assign a credit rater for each security to avoid conflicts
(DBN)

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Deals:

Bankrupt Companies Now Look Like Great Bargains - Improving economy pulls companies from the brink
(DBN)

Bank failures pump up deal flow
(DBN)

CEOs: The Most Beautiful People in the World?
(DBN)

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Art:

The auction of Halsey Minor
(DBN)

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Basketball:

Cuban facing full 'court' pressure from Perot Jr.
(DBN)

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Music Industry:

Death Row To Release New Tupac Album
(DBN)

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Politics:

N.J. gov. sets tone for US
(DBN)

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Food/Drink:

Grocer Bashas' close to bankruptcy financing deal
(DBN)

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Textiles:

Xerium Technologies Reports Court Confirmation of Prepackaged Plan of Reorganization
(DBN)

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Video Rentals:

Blockbuster shares dive as cash worries mount
(DBN)

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Gambling:

Operator of Atlantic City Trump casinos cuts first-quarter losses in half
(DBN)

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Lehman:

Ex-Lehman Bankers Start Funds to Buy Structured Debt
(DBN)

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Hotels:

Banks Embrace ‘Extend and Pretend’ as U.S. Hotels Await Rebound
(DBN)

Extended Stay Has 'Number of Bidders' Before Auction
(DBN)

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Credit Reporting:

Consumer Credit Scores Hold Steady
(DBN)

In the War on Credit Scores, FICO Loses a Battle
(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 - (Contact us to list your seminar)

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Bankruptcy Statistics:

The Uneven Rise and Fall of Bankruptcy Filings
(DBN)

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Bankruptcy Reform:

Senate Rejects Bankruptcy For Nonbank Financial Cos Amendment
(DBN)

Derivatives safe harbors under siege
(DBN)

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Litigation:

Federal Civil Practice Bulletin: Second Circuit States that Pleading Allegations on "Information and Belief" Acceptable under Twombly
(DBN)

Federal Pilot Program Curbs E-Discovery Fights
(DBN)

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Sovereigns:

The Twilight of the Welfare State?
(DBN)

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Oil/Gas:

BP boss admits job on the line over Gulf oil spill
(DBN)

BP CEO: We Could Have Done More
(DBN)

Florida braces
(DBN)

Size of Oil Spill in Gulf Underestimated, Scientists Say
(DBN)

U.S. Said to Allow Drilling Without Needed Permits
(DBN)

Where's the oil? Model suggests much may be gone
(DBN)

Forget That $75 Million Liability Cap: Criminal Charges IN BP Spill Are "Very Likely" Says Former DOJ Official
(DBN)

Transocean To Workers After Rig Explosion: Sign The Waiver Here
(DBN)

Transocean: Limit Our Liability to $27 Million
(DBN)

US crude hits three-month low below $74
(DBN)

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Biofuel:

Federal court orders NW Mo. biofuels company to be sold at auction
(DBN)

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Retailing:

Kohl's profit tops Street; outlook disappoints
(DBN)

Kohl's, Urban Outfitters lead retail sector lower
(DBN)

Highland Mall files for bankruptcy
(DBN)

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Personal Finance:

The New Poor: In Job Market Shift, Some Workers Are Left Behind
(DBN)

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Small Business:

Weak small business lending could slow recovery
(DBN)

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Accounting:

Ira Silver Helps With Reinstatement of Deland Dodge
(DBN)

Standards tug of war risks more Lehmans-style accounting
(DBN)

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Bankruptcy Crimes:

AmerLink CEO pleads guilty to bankruptcy fraud
(DBN)

North Myrtle Beach hot dog vendor guilty of bankruptcy fraud
(DBN)

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Newspapers:

Tribune Co. bankruptcy plan faces new hurdles
(DBN)

More roadblocks crop up as Tribune Co. tries to emerge from bankruptcy
(DBN)

The economics of newspapers
(DBN)

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Tax:

Imminent End of Secrecy to Shake Up Swiss Banking
(DBN)

Are Taxes Really at a 60 Year Low?
(DBN)

Profit Exports Import U.S. Tax Cuts for Pfizer, Lilly, Oracle
(DBN)

Companies Dodge $60 Billion in Taxes Even Tea Party Condemns
(DBN)

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Health Care:

Triple the trouble for St. Vincent's Hospital as malpractice suits pile up
(DBN)

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Finance:

Court Decision Invalidating Indian Casino Debt Shakes Lenders
(DBN)

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Hockey:

Glendale follows one bad decision with another
(DBN)

Watchdog on trail of money transfer to NHL
(DBN)

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UK:

AlixPartners appoints two directors to London team
(DBN)

Top 20 firm sues former IP over repayment
(DBN)

Taxman toughens up on Time to Pay
(DBN)

U.K. Banks Face Possible Ban on Most Credit Insurance
(DBN)

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EU:

Euro Slumps as Jitters Over Greece Return
(DBN)

Europe the 'Lifestyle Superpower' Falters
(DBN)

Volcker Worried About Eurozone Dissolution
(DBN)

Spanish Union Calls for Public Sector Strike in June
(DBN)

Portugal Follows Spain on Austerity Cuts
(DBN)

Portugal to issue 'Crisis Tax'
(DBN)

What Spain's Brutal Austerity Budget Would Look Like Here
(DBN)

Preventing Future Debt Crises in Europe
(DBN)

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Canada:

Documents raise ownership questions at former Abitibi sites
(DBN)

Fraser Papers appointed Glen McMillan as Chief Restructuring Officer
(DBN)

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Greece:

And It Will Get Even Worse For Greece
(DBN)

Ackermann Doubts That Greece Can Pay
(DBN)

Greek Debt Crisis Will Worsen: The Center Won't Hold
(DBN)

Athens Hoteliers Say Greek Riots Emptying Rooms
(DBN)

Greek accounting stumbles towards change
(DBN)

How Republicans Would Stop U.S From Funding IMF Loans to Greece
(DBN)

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Ireland:

Will Ireland's Toxic Bank Cure or Kill the Nation's Economy?
(DBN)

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Iceland:

Icelandic bank accuses former CEO of fraud
(DBN)

Glitnir bank’s winding-up committee launches major court proceedings in New York
(DBN)

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China:

Fake Divorces and Housing Bubbles
(DBN)

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Middle East:

Abu Dhabi hotel installs gold vending machine
(DBN)

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Japan:

Properst Files for Bankruptcy on Property Market Drop
(DBN)

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