May 19, 2010

The Daily Bankruptcy News

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Law:

Lehman Trustee Law Firm Got $84 Million in 19 Months
(DBN)

Kirkland & Ellis Is to Represent BP in Big-Ticket Oil Spill Litigation
(DBN)

Dreier's Ex Opposes Trustee's Fees
(DBN)

Proskauer Rose finalizes 11 Times Square move
(DBN)

Law Firm Inks $852 Million Outsourcing Deal
(DBN)

Time, Time, Time, See What's Become of Me
(DBN)

‘Trust But Verify,’ Court Tells 2 Lawyers Suspended Over Partner’s $17M Fraud
(DBN)

Rethinking the Law Firm Workplace
(DBN)

Mintz Levin 2012 Deferral Follow Up
(DBN)

Terrible Tales From Desperate Job Seekers: Immigration law applicants get the Ellis Island treatment
(DBN)

Test Drive! Law School Paying Firms to Hire Graduates
(DBN)

Deposition Company Ended Overseas Outsourcing Over Quality Problems
(DBN)

Forget Work/Life Balance: All Work Is Great Fun for Some, Says Consultant
(DBN)

Law Prof Blasts Schools as ‘Feminist Seminaries and Psychotic Kindergartens’
(DBN)

Faced with Mandatory Retirement, Two Partners Form Boutique with 22 Others
(DBN)

Old People Will Not Go Quietly
(DBN)

McDermott Hit With Layoff-Related Age Bias Suit
(DBN)

Jamaica's Prime Minister Expresses 'Profound Regret' for Extradition Fight, Manatt Hiring
(DBN)

Illinois Auditor Slams Blagojevich Over Legal Fees, Outside Counsel
(DBN)

Laid-Off Associate Wins Reverse Bias Judgment
(DBN)

Attorney Draws Ethics, Criminal Charges for Cursing at Another Lawyer
(DBN)

Ex-Law Partner Secreted Assets from Tennis Star Jimmy Connors, Suit Contends
(DBN)

Defense Lawyer Holds Possible Record for Most Clients Sentenced to Death
(DBN)

Jurors May Be Swayed by a Pretty Face, Study Finds
(DBN)

Lawyer of the Day: The Burka Brawler
(DBN)

Lawyer Catches ID Mixup Missed By ‘Incredibly Bored’ Screener at LaGuardia
(DBN)

Woman Sues Cellular Provider for Revealing Affair in Bill
(DBN)

As the world stops: Good Wife
(DBN)

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Judges:

Elena Kagan's Senior Thesis: 'Socialism' and Beyond
(DBN)

The effort to ‘out’ Kagan
(DBN)

Kagan Discloses She Met With Skadden Lawyers Before Nomination
(DBN)

New Book Says Obama Offered Skadden's Craig Judgeship
(DBN)

Elena Kagan’s Celebrity Doppelgänger Is…
(DBN)

9/11 families blast Kagan
(DBN)

Judge projects fair image on Goldman destiny
(DBN)

Grassley vote will signal his approach to court picks r
(DBN)

Supreme Court nomination of Kagan: WASP tradition triumphs
(DBN)

"Why does Justice Antonin Scalia have nine children?"
(DBN)

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Wall Street:

Futures point to weak Wall St on regulation worries
(DBN)

Stocks Turn Lower After Euro Falls to 4-Yr Low
(DBN)

Hong Kong's Stock Index Falls to 14-Week Low
(DBN)

German market plunges after short selling ban
(DBN)

Six-month test period for US trading curbs
(DBN)

A patch for Wall Street's bad habits
(DBN)

SEC Proposes Circuit Breakers for 10% Swings in Stock Prices
(DBN)

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Layoffs:

Unemployment by the Numbers
(DBN)

Pfizer Cutting 6,000 Jobs and Closing Eight Plants
(DBN)

Pfizer axes hundreds of jobs in Britain and Ireland
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Could Financial Reform Pass This Week?
(DBN)

Senate Republicans Call Reform Bill a ‘Takeover’ of the Banking Industry
(DBN)

Warren on Looming Pre-Emption Compromise: “States Ought to Be Able to Enforce Their Own Laws”
(DBN)

Senators load financial overhaul with irrelevancies
(DBN)

Wall Street Overhaul Not So Bad For Wall Street
(DBN)

Dodd seeks to delay swap reg
(DBN)

Probes in all corners of Wall Street heat up
(DBN)

Bank-state senators try to weaken reform bill
(DBN)

Senators load financial overhaul with irrelevancies
(DBN)

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Banking:

Hundreds Protest Outside Bankers' Houses In DC
(DBN)

BofA: The D.C. Protests Didn't Happen That Way
(DBN)

FDIC Groans Under Weight of Toxic CDOs
(DBN)

The "Inflatable" Charter
(DBN)

FDIC scores big with TD Bank purchase of South Financial
(DBN)

JPMorgan eyes sustained recovery, dividend raise
(DBN)

George Soros no longer betting on Citigroup
(DBN)

Goldman whodunit
(DBN)

Small banks made bad decisions, too, as Georgia illustrates
(DBN)

Washington Mutual, FDIC reach reorganization deal
(DBN)

ShoreBank gets infusion of capital to avoid FDIC takeover
(DBN)

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Health Care:

Massachusetts Insurers Post Big Losses
(DBN)

Doctors fleeing Medicare in droves
(DBN)

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Insurance:

Ambac shares slump after quarterly loss
(DBN)

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Radio:

Citadel Broadcasting Wins Bankruptcy Plan Approval
(DBN)

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Gambling:

Trump Resort Casinos' Bankruptcy Ruling Appealed By Bank
(DBN)

Sun Cruz casino boat up and running
(DBN)

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Economy:

Housing Starts Jump, Wholesale Prices Decrease
(DBN)

Recovery Will be a Tug of War
(DBN)

Volcker Says Time Is Running Out for U.S. to Tackle Fiscal Woes
(DBN)

Wake up, America
(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:

New home construction surges 41%
(DBN)

Home Building Up, but New Permits Fall
(DBN)

Mortgage Default Rates Lower as Consumers Choose Property Over Plastic
(DBN)

The Maddening World of Mortgage Modifications
(DBN)

Ocwen, HomeEq Hold Highest HAMP Conversion Percentage in April
(DBN)

Canceled HAMP Trials Jump 80% in April
(DBN)

Foreclosures spark a new business: Specializing in short sales
(DBN)

Nearly 40 percent of California foreclosures were rentals
(DBN)

Justice Department Investigating Hamptons NY Property Market
(DBN)

Real Estate Bankruptcies: Next Wave Features Underwater Assets, Complex Structures
(DBN)

Stall in Applications for Federal Mortgage Program
(DBN)

Grading Bob Toll, the Father of McMansions
(DBN)

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Derivatives:

Bankruptcy and Derivatives: What’s All the Fuss, Anyway?
(DBN)

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Awards:

Elizabeth Warren named one of Time Magazine's 100 Most Influential People in 2010
(DBN)

DC Bar Names Zuckerman Spaeder LLP 2010 Pro Bono Law Firm of the Year
(DBN)

The Lawyer Recognizes Weil Among the Transatlantic Elite
(DBN)

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Retailing:

Wal-Mart Profit Rises 10% on International Growth
(DBN)

Distressed consumer no longer boon for Wal-Mart
(DBN)

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Oil/Gas:

BP Doubles the Estimated Bill for Oil Clean Up
(DBN)

Salazar: BP will pay all costs
(DBN)

BP insists oil spill impact 'very modest'
(DBN)

Ken Salazar: Gov't failed to assure drilling safety
(DBN)

Interior Department Hit With Lawsuit Over BP Oil Spill
(DBN)

Fight Begins Over Venue for Deepwater Horizon Litigation
(DBN)

Transocean punished for legal tactics in old spill - Company used bankruptcy, "gamesmanship" of courts
(DBN)

Interior Secretary says offshore oil still needed
(DBN)

Obama plans independent commission on BP spill
(DBN)

Tighter regulations to follow Gulf oil spill
(DBN)

The Bumbler From BP - How CEO Tony Hayward is making the Gulf oil-spill disaster even worse
(DBN)

Independent oil producers fight proposal to hike liability cap
(DBN)

Scientists Look for Signs That Spill Is Spreading
(DBN)

Coming Hurricane Season Could Complicate Gulf Oil Spill Disaster
(DBN)

U.S. expands no-fishing zone around oil spill
(DBN)

Oil spill to shut down 19 percent of Gulf fishing
(DBN)

The Oil and the Loop Current
(DBN)

Florida, Gulf States May Suffer From BP Oil Spill, Moody's Says
(DBN)

Ted Turner: Is God speaking in Gulf Coast spill?
(DBN)

Rivers Of Oil And The Limits Of Control
(DBN)

Oil's true cost
(DBN)

Oil rising again after a 2-week selloff
(DBN)

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Aviation:

Mesa Air may lay off 500 after Delta wins ruling
(DBN)

Ash may push European airlines into bankruptcy, mergers
(DBN)

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Food/Drink:

Fuddruckers Franchisees Oppose Sale to Tavistock
(DBN)

Got a Sam Seltzer's gift card? Good luck with that
(DBN)

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Lehman:

Billionaire in $12.4m Lehman claim row
(DBN)

Dismissal Motion Denied in Case Alleging Lehman-Related Exposure
(DBN)

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Credit Cards:

New Credit Card Law to Save Consumers $5B
(DBN)

Credit Card Industry Blindsided by Senate
(DBN)

Credit-Card Industry Faces ‘Volcanic’ Senate Eruption
(DBN)

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Parking:

Aurora Buys Parking Company America Airports out of Bankruptcy
(DBN)

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Hockey:

Third ownership group talking to NHL, Glendale about Coyotes
(DBN)

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Trucking:

What trucking statistics—yes, trucking—can tell us about the economy
(DBN)

IdleAire ready to make a comeback
(DBN)

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Workouts:

Junk Debt Maturities Likely to Spark Wave of Distressed Swaps
(DBN)

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Municipalities:

Leaders acknowledge Antioch could face bankruptcy
(DBN)

Candidates won't rule out bankruptcy for sewer debt
(DBN)

Conspiracy of Banks Rigging States Came With Crash
(DBN)

Taxpayer Bailout Prohibition for States, Localities Fails
(DBN)

Short-run tax hikes being used to fill gaps
(DBN)

Derivative Disaster Spreads to Local Governments
(DBN)

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Equipment Rentals:

Wayzata, Apollo to Recapitalize Bankrupt Neff Rental
(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 - (Contact us to list your seminar)

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Bankruptcy Audits:

USTP Audits of Consumer Bankruptcies Finds Stable Rate of Misstatements
(DBN)

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Bankruptcy Statistics:

Bankruptcy Filings Last Year Largest Rise Since 2006, increasing 27%
(DBN)

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Turnarounds:

Uncertainty Reigns in Commercial Real Estate Market
(DBN)

The World on Sale: Sourcing, Executing Distressed Commercial Real Estate Deals
(DBN)

Triage Required to Address Ills in Real Estate Holdings
(DBN)

Attacks Continue on Lenders’ Right to Credit Bid in 363 sales
(DBN)

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Litigation:

Toro, Toro! Why You May Want Your Lawyers to See Red
(DBN)

Mechanisms That Help Reduce the Cost of E-Discovery
(DBN)

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Rating Agencies:

KPMG considered entering credit-rating market
(DBN)

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Accounting:

Transparency’s New Advocate
(DBN)

Arabian Nights Saga Features Big Four Firms
(DBN)

BDO Not Thrilled with the Legal Advice It Got Re: Tax Shelters
(DBN)

Imprisoned Russian Billionaire Shows Americans How To Protest Tax Injustices
(DBN)

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Tax:

Are You Saying That An IRS Collection Agent Might Not Be Completely Honest with a Taxpayer?
(DBN)

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Compensation:

The Fat Cat Hypothesis
(DBN)

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Hedge Funds:

Rise and Fall of a Hedge Fund
(DBN)

Lobbyist Is Said to Supply Fund Names to Congress
(DBN)

Bobbing as the Taxman Weaves
(DBN)

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Politics:

Specter Defeat Signals a Wave Against Incumbents
(DBN)

Tea Party puts Rand Paul over the top in KY
(DBN)

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Fraud:

Rajaratnam Can’t See Khan’s SEC Records, Judge Rules
(DBN)

Clients Worried About Goldman's Dueling Goals
(DBN)

Goldman to Face SEC Deputy Director in Subprime Securities Suit
(DBN)

Ruth was no babe in Madoff's scam
(DBN)

Informant Urges Australia to Investigate Goldman
(DBN)

Stanford, in Dershowitz Filing, Says Rights Violated
(DBN)

The Allen Stanford Case Continues to Be a Total Fiasco
(DBN)

Another Week, Another Lawyer Change for Allen Stanford
(DBN)

Santander Cited Madoff Risk in 2006, Investors Say
(DBN)

Amount of Fair Finance return still in limbo
(DBN)

Bank employee claims Rothstein ignorance
(DBN)

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Autos:

GM And Ford Take Different Paths To Profit
(DBN)

It's too early for GM to party
(DBN)

Taxpayer profit on GM bailout becoming more likely
(DBN)

Washington turns its attention away from GM, big profits or no
(DBN)

Old GM sites would receive funding for clean up
(DBN)

UAW chief expects 12 mln US vehicle sales in 2010
(DBN)

Michigan lawmakers discuss protections for auto dealerships in wake of closings
(DBN)

Bensusan Asks That Prebul Not Be Allowed To Discharge Debt Through Bankruptcy
(DBN)

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Academia:

Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts and Breakups (Second Edition)
(DBN)

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Alternative Fuels:

Bankruptcy court OKs sale of Dixie Pellets property
(DBN)

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UK:

Channel braces for insolvency surge
(DBN)

Equifax adds prompt payment code to business reports
(DBN)

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EU:

Germany Goes Rogue
(DBN)

European Businesses Hit in Credit Squeeze From Greek Crisis
(DBN)

Merkel Pushes Europe to Curb 'Destructive' Markets
(DBN)

Sovereign Crisis Spurs 'Lehman II' Concern in Europe
(DBN)

5 Reasons Europe Won't Run the 21st Century
(DBN)

E.U. Farm Subsidies: Agriculture Benefits Raise Eyebrows
(DBN)

Merkel Seeks EU Rules After German Short-Selling Ban
(DBN)

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Greece:

Did U.S. Banks Hasten Greek Demise?
(DBN)

Go Ahead and Default, Greece!
(DBN)

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Canada:

Beware the coming credit card hit on Canadian families
(DBN)

Canada campaigns against global bank tax
(DBN)

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China:

Chinese Stocks Retreat Abruptly From 2009 Gains
(DBN)

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Thailand:

Thailand's biggest dept store destroyed in riots
(DBN)

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