May 18, 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:

Kirkland Picks Up Neff Bankruptcy Work
(DBN)

Goldman Sachs said to end talks to hire Paul, Weiss
(DBN)

Kilpatrick Stockton’s 4-Year Mentoring Program Sees ‘Wildly Phenomenal’ Results
(DBN)

Nationwide Pay Raise Watch: Pillsbury Winthrop
(DBN)

Yet Another Story About the Death of the Billable Hour
(DBN)

A Scorecard on Wall Street's Legal Troubles
(DBN)

Clash of the Titans: Four BigLaw Firms Battle It Out Over Fees, Disqualification
(DBN)

Geezer Power Gaining Traction
(DBN)

A Texas Lawyer You Don't Want to Mess With
(DBN)

Sullivan Partner Says City Bar Must Speak to Next Generation
(DBN)

From Associate to DOJ to Partner: How He Did It
(DBN)

Camerons set to outsource entire back office
(DBN)

Freshfields routs Clifford Chance in recession era financials
(DBN)

Pittsburgh Stealers: BigLaw Firm Loots Rival for 7-Attorneys, 7-Staffers Team
(DBN)

Hunton & Williams Lures 5 Paul Hastings Partners
(DBN)

Malpractice Suit Against Morgan Lewis Has Four Firms Pointing Fingers
(DBN)

Dershowitz on Wrongness, Law, Truth and Goldman Sachs
(DBN)

Law Firm Leaders Need to Re-Emphasize Professional Values
(DBN)

Blago Lawyer: ‘He’s a Celebrity Idiot’; Judge: Juror IDs Secret Until After Trial
(DBN)

In-house lawyers got themselves into this pickle about billable hour
(DBN)

Three-year suspension for attorney's failure to adequately supervise his thieving law partner
(DBN)

For German Firms, the Recession Passed Without Major Layoffs or Shake-Outs
(DBN)

If The Underwear Doesn't Fit, You Must Acquit
(DBN)

Lawyer sentenced to 12 years for renting dead man's condo
(DBN)

Law Firm Partner Accused of Putting Camera Under Employee’s Desk
(DBN)

Law Clerk of the Day: Alleged Bathroom Voyeur
(DBN)

Trial Begins for Arent Fox Ex-Partner Accused in Cover-Up in Lawyer’s Murder at His Home
(DBN)

U-G-L-Y, You Might Have an Alibi, But You’re Guilty, You’re Guilty!
(DBN)

Mother-Daughter Duos Go to Law School
(DBN)

Adventures in Lawyer Advertising: Personal Injury Firm Might Break Your Funny Bone
(DBN)

______________

Judges:

Who’s Afraid of the Big Bad Rakoff?
(DBN)

Wachtell, Davis Polk, Cleary: Anybody but Rakoff, Please
(DBN)

DC Lawyer Plays Virgil to Kagan's Dante as They Navigate Capitol Hill
(DBN)

What to Make of Elena Kagan’s Undergraduate Thesis?
(DBN)

Kagan May Have Agreed with Conservative Majority in Citizens United
(DBN)

Can Kagan Sway Conservative Justices? Not Likely, Law Profs Say
(DBN)

The Elena Kagan Sampler Platter
(DBN)

An exclusive preview of Elena Kagan's Supreme Court nomination questionnaire
(DBN)

Supremely Girly Girl
(DBN)

Soliciting a Date from the Solicitor General: Man Woos Kagan — Over Craigslist?
(DBN)

Harry Potter And The Florida Judge
(DBN)

Supreme Court Justice Quits for Law Practice—in New NBC Drama
(DBN)

Can Juveniles Be Sentenced to Life Without Parole for Non-Homicide Crimes?
(DBN)

Justices Rule on Prison Time for Juveniles, Sex Offenders
(DBN)

______________

Courts:

Redesigned US Courts Website is Unveiled
(DBN)

______________

Wall Street:

US Stock Futures Edge Up
(DBN)

US Stocks Rise, Dow Erases 184-Point Drop, as Euro Rebounds
(DBN)

China leads Asian stocks tumble
(DBN)

Wall Street's gone 'rogue,' says famed investor Jeremy Grantham
(DBN)

______________

Layoffs:

Whitney: Financial Reform = Tragic Jobless
(DBN)

Recovery Rewards Investors, Jobless No
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Hotels:

Hooters Hotel still worried about cash
(DBN)

Starwood Bid 'Better' Than $905 Million Offer for Extended Stay
(DBN)

______________

Corporate Reform:

House Oversight Republican Calls for Streamlined SEC
(DBN)

Warren: The deceptive fine print
(DBN)

The Audacity of These Women
(DBN)

Is It Time to Criminalize Wall Street Broker Dealers?
(DBN)

Has the SEC Gone From Zero to Hero?
(DBN)

Meredith Whitney takes on bank reform
(DBN)

Protesters fill DC street in support of financial regulatory reform
(DBN)

Wall St. Reform Bill Matches Obama's Blueprint
(DBN)

Wall Street reform's final round in Senate
(DBN)

European Vote Nears on Tighter Rules for Foreign Hedge Funds
(DBN)

______________

Health Care:

Cell Therapeutics: 45 Days Until Bankruptcy?
(DBN)

Medicare to Pay for New Oxygen Equipment in Bankruptcy Cases
(DBN)

Hospital CEO mum on staff, bed cuts
(DBN)

Judge signs order to sell off Sunwest property
(DBN)

______________

Politics:

New Jersey Congressmen and Goldman Sachs : perfect together
(DBN)

Cash to Congress Is Unabated as Banks Seek Influence
(DBN)

______________

 

 

Economy:

Obama's budget is laden with little taxes that add up big
(DBN)

Stressed out? So is the financial system
(DBN)

Interest Rates Climb After Tumbling Last Week
(DBN)

Manufacturing in New York Region Slows as Sales Cool
(DBN)

Wealth, Race and the Great Recession
(DBN)

Consumer Spending on Shaky Grounds
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Borrowers flunking out of trial mortgage modifications
(DBN)

Total Number of HAMP Permanent Modifications Nears 300,000
(DBN)

Government Foreclosure Prevention Program Sputters
(DBN)

Home builders' index hits 33-month high
(DBN)

More homeowners choose to default on loans
(DBN)

The Statistic Behind a Mortgage Meltdown
(DBN)

Gov’t Loan Mod Program Leaves Some Homeowners Worse Off
(DBN)

Tax Credit Expiration Weighs on Fannie Mortgage Origination Outlook
(DBN)

The 13 Housing Markets That Will Never Recover
(DBN)

TBW claims Farkas took $50 million plus
(DBN)

The Treasury's Mortgage Mod program Is Dying As Trials Begin To Slow, And Debt-To-Income Ratios Worsen
(DBN)

Sky-High Rents In New York: Take It or Leave It
(DBN)

Fannie, Freddie Freeze Out Federal Law
(DBN)

FHA Set to Reduce Closing Cost Assistance This Summer
(DBN)

_____________

Oil/Gas:

Tube seems to be working in Gulf spill
(DBN)

BP Doubles Estimate for Oil Captured in Gulf Spill
(DBN)

MMS offshore drilling chief to retire
(DBN)

Scientists Worry Current Could Carry Oil to Keys
(DBN)

BP, its safety probed, says partly reducing oil leak
(DBN)

White House to Create Panel to Study Gulf Oil Spill
(DBN)

Why oil has slumped 20% in the course of two weeks
(DBN)

Goldman Subsidiary Named In Fraud Suit
(DBN)

______________

Gambling:

Icahn reopens bankruptcy fight for 3 Trump casinos
(DBN)

Riviera loses $4.5 million, says bankruptcy possible
(DBN)

Station Casinos loses $53.5 million in first quarter
(DBN)

______________

Food/Drink:

Local Investors Buy Wisconsin Candy Chain Out Of Bankruptcy
(DBN)

______________

Litigation:

Federal Pilot Program Curbs E-Discovery Fights
(DBN)

Lockheed Withheld Documents in Trade Secrets Case
(DBN)

Who's Getting Hit With Securities Suits These Days?
(DBN)

______________

Municipalities:

Restructuring Experts Predict US Municipal Default
(DBN)

California budget crisis: it's worse than you think
(DBN)

______________

Exemptions:

10 New York Bankruptcy Exemptions You Need To Know
(DBN)

______________

Banking:

Washington Mutual files revised Chapter 11 reorganization plan
(DBN)

Paulson bets big on bank, adds homebuilder
(DBN)

ShoreBank Races to Raise Money to Stay Afloat
(DBN)

FDIC Ramping Up Loan Sales as More Banks Fail
(DBN)

______________

Payday Lending:

Lawmakers target payday loans
(DBN)

______________

Defaults:

Big Borrowers On The Brink
(DBN)

______________

Lehman:

A Lehman insider speaks out
(DBN)

______________

Equipment Rental:

Neff Rental, Inc. Reaches Agreement With its Creditors to Restructure its Balance Sheet
(DBN)

Neff Rental, Inc. Receives Approval of First Day Motions
(DBN)

______________

Pensions:

Push for Delphi benefits could stall PBGC chief's approval
(DBN)

Latest Blow: Smaller Payouts for Retirees
(DBN)

______________

Turnarounds:

To Get Paid on Time, Be Ruthless
(DBN)

______________

Corporate Governance:

What Berle and Means have wrought
(DBN)

______________

Newspapers:

Philly's full-court press
(DBN)

______________

Tax:

"Transfer pricing is the corporate equivalent of the secret offshore accounts of individual tax dodgers."
(DBN)

______________

Credit Cards:

Interchange Amendment Passes Senate 64-33
(DBN)

Citibank credit card charge-offs decline in April
(DBN)

Bank of America April Credit Card Charge-Offs Rise
(DBN)

______________

Retailing:

Home Depot first-quarter profit climbs 41%
(DBN)

______________

Claims Trading:

Bankruptcy claims trading at record high in April
(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 Reform:

The Politicizing Of Bankruptcy
(DBN)

Did Bankruptcy Reform Create More Mortgage Defaults?
(DBN)

______________

Autos:

GM posts $865-million profit for first quarter
(DBN)

GM Profit a 'Good, Useful Step' Toward Stock Sale, Liddell Says
(DBN)

GM (Finally) Makes a Profit, But Some Worries Remain
(DBN)

US Investments in Car Companies Won't Pay Off
(DBN)

Forget GM's Profit: Here's Why The Bailout Is Still A Big Flop
(DBN)

GM's tough sell
(DBN)

GM Loses First Arbitration
(DBN)

Chrysler pays back $1.9 billion in federal debt
(DBN)

Treasury takes $2.1 billion loss on Chrysler loan
(DBN)

______________

Video Rentals:

Blockbuster raises bankruptcy fears again
(DBN)

Is It Too Late to Save Blockbuster?
(DBN)

______________

Credit Reporting:

Senate Votes For a Clear Credit Score
(DBN)

______________

AIG:

AIG Drops Goldman As Main Corporate Adviser
(DBN)

______________

Accounting:

SEC Knew About Subprime Accounting Fraud a Decade Ago
(DBN)

Just to Clear It Up: Grant Thornton Is an Accounting Firm Not a Law Firm
(DBN)

BearingPoint, Inc. Unsecured Creditors to Receive $18 Million in First Distribution
(DBN)

______________

Finance:

Big Banks Like Bank Of America Loosen Up Small Business Loans
(DBN)

______________

Theme Parks:

Six Flags Q1 loss widens
(DBN)

______________

Baseball:

Would HSG or the Texas Rangers Be Forced Into Bankruptcy ?
(DBN)

______________

Fraud:

Lawyers at Risk? Proposal Would Overturn Stoneridge Bar to Aiding and Abetting Suits
(DBN)

Merkin Investor Awarded $1.8 Million in Madoff Case
(DBN)

Feds sanction Miami banker tied to Madoff fund
(DBN)

Why the SEC Decided to Sue Goldman Sachs
(DBN)

Goldman Sachs : By The Numbers
(DBN)

Goldman, Not Yet Officially Served by SEC on Fraud Charges, Ramps Up Settlement Talks
(DBN)

UBS, Goldman to pay $1.5M fine
(DBN)

Anil Kumar to pay $2.8M in Galleon case
(DBN)

Battle Between Raj and WSJ Continues
(DBN)

Valley developer charged
(DBN)

Miami banker banned from industry
(DBN)

Rubashkin Trial Delayed Until Friday
(DBN)

Bear Stearns Falsified Information as Raters Shrugged
(DBN)

Defense Lawyer for Allen Stanford Seeks to Withdraw
(DBN)

New Taylor Bean & Whitaker team claims ex-CEO Lee Farkas took $50 million
(DBN)

______________

UK:

More misery at Cattles with another writedown
(DBN)

Britain cornered as EU cracks down on hedge funds
(DBN)

UK consumer price inflation rises to 3.7 pct
(DBN)

Ex-RBS investment banker agrees to employment ban
(DBN)

VAT hike to 20% expected by economists
(DBN)

How tough will the new govt be on Tax Deferrers?
(DBN)

Second-charge mortgage possessions down by a third
(DBN)

UK business insolvencies down 15 per cent year-on-year in April
(DBN)

UK Declares War on Public Sector Pay
(DBN)

______________

EU:

German FM: Euro nations must reduce deficits
(DBN)

German Government Bonds Drop as Stocks Sap Demand for Safety
(DBN)

Understanding The Eurozone Crisis
(DBN)

Central Bank Buys Billions in European Debt
(DBN)

Euro Hits a 4-Year Low, Unsettling Markets
(DBN)

______________

Greece:

What Were Greek Bondholders Being Paid For?
(DBN)

Greek Official Quits Over Singer Husband's Taxes
(DBN)

_____________

Spain:

The rain in Spain
(DBN)

______________

Canada:

Court gives OK to Canwest sale
(DBN)

______________

China:

Europe’s Debt Crisis Casts a Shadow Over China
(DBN)

______________

Germany:

Karstadt Talks With Third Suitor, Administrator Says
(DBN)

______________

Mexico:

Mexico to put years of bankruptcy documents online
(DBN)

______________

Russia:

Imprisoned Russian tycoon Mikhail Khodorkovsky declares hunger strike in jail
(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).