May 20, 2010

The Daily Bankruptcy News

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Law:

Law Firm Wikipedia Wars
(DBN)

Proskauer Cuts "Extremely Favorable" Deal for New NY Office, Including a Huge Vanity Plate
(DBN)

Dentons opens 2009-10 results season with 20% PEP increase
(DBN)

The Great Boomer Lateral-Hiring Spree Continues
(DBN)

Allen & Overy Adds Bankruptcy Counsel
(DBN)

Squire Sanders hires former Olswang restructuring head
(DBN)

New bankruptcy partner for Venable in L.A.
(DBN)

Clifford Chance seals hire of Pillsbury restructuring partner in NY
(DBN)

Attorney Seeks to Combine 100-Plus Lawsuits Over Gulf Oil Spill
(DBN)

It Took Longer Than It Thought, But BigLaw Firm Hits Headcount Target for New Office
(DBN)

Return to Professionalism Focus Could Help Quell Discontent, Two Legal Leaders Say
(DBN)

In-House Counseling: Stooping to Conquer
(DBN)

U.S. jury decides $250 million punitive damages against Novartis
(DBN)

4th Circuit Says Judge Erred By Cutting $6M Fee to $600K
(DBN)

DLA Piper Will Open Office in Turkey, Where a Lot of Work Awaits
(DBN)

As Law Offices Close, Lawyer Recounts Escape From Bangkok
(DBN)

Best Legal Department 2010: Microsoft
(DBN)

How Number-Crunching Led to Cost-Cutting
(DBN)

Cornell Contracts Exam Should Fail for Ambiguity, Vagueness
(DBN)

Kilpatrick's lawyer owes IRS $2M
(DBN)

Lawyer Suspended Over DUI Arrests and Secret Tapes
(DBN)

Eavesdropping Is Rude, and If You're a Lawyer It Can Get You in a Lot of Trouble
(DBN)

Student Busted For Prom Meltdown
(DBN)

Beauty Parlor Speeder Hits 102 MPH
(DBN)

Dress For Success
(DBN)

Don't Tase Me Maam
(DBN)

Mug Shot Round Up
(DBN)

Lawyer’s C-Word Invective Spurs Criminal, Ethics Charges by Animal Rights Group
(DBN)

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Judges:

Just One Mother on Supreme Court; Does It Make a Difference?
(DBN)

Kagan: A Young Scholar Trashes Some Giants
(DBN)

Kagan Confirmation Hearings to Start on June 28
(DBN)

Kagan Had Strong Financial Year in 2009
(DBN)

'The Tip of the Iceberg': Parsing Kagan's Critique of Bush v. Gore
(DBN)

Elena Kagan: A Judicial Moderate in Activist Clothing?
(DBN)

Kagan Hearings Start as Court’s Term Nears End
(DBN)

‘Quotable Judge Posner’ Is Law Prof’s Life Project
(DBN)

Shaping of Judiciary Key Part of Specter's Legacy
(DBN)

High Court Confirmation Process Gets Bad Reviews at Launch Event for Supreme Court Book
(DBN)

Slow learners at the 9th Circuit
(DBN)

A Judge Judging Himself: Another Opinion on Judicial Recusal
(DBN)

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Wall Street:

US Stock Futures Fluctuate
(DBN)

European Stocks Rebound
(DBN)

The close: Correction averted
(DBN)

Stocks End Down Hard AGAIN: Here's What You Need To Know
(DBN)

Global Stocks Drop After Move by Germany
(DBN)

Germany's Ban on Shorting 'Surprised Us,' NYSE Says
(DBN)

Goldman Docs Show Doubled Edged Advice
(DBN)

MTA dumping Goldman Sachs as advisor
(DBN)

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Layoffs:

College Grads Flood U.S. Labor Market With Diminished Prospects
(DBN)

Teaching Candidates Aplenty, but the Jobs Are Few
(DBN)

Court nixes Mesa Air- Delta deal, 500 jobs at stake
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

CFTC panel to look at high-frequency trading in July
(DBN)

New Oversight Report Criticizes the SEC
(DBN)

Senate Democrats delay cloture vote, work on a way forward
(DBN)

Financial Overhaul Bill Stalled: What's Next?
(DBN)

Car dealers make final push for exemption
(DBN)

Should Auto Dealers Be Exempt from Consumer Financial Protection?
(DBN)

Sen. Gregg: Derivatives Proposal Like ‘Madhatter’s Tea Party’
(DBN)

Chris Dodd: ‘The Mad Hatter’ of Derivative Regulation
(DBN)

Sen Dodd mends fences as Wall St reform vote slips
(DBN)

Democrats Clash Over Financial Bill Changes
(DBN)

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Newspapers:

Tribune amends reorganization plan
(DBN)

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Banking:

ShoreBank raises needed capital; commitments reached for about $135 million for ShoreBank
(DBN)

WaMu and FDIC expect settlement this week
(DBN)

Wash. Mutual says FDIC will sign Chapter 11 deal
(DBN)

US To Sell Wells Fargo & Co. TARP Warrants Thursday
(DBN)

Citigroup Will Probably Avoid $10 Billion Tax Liability
(DBN)

The Incredible Shrinking Bank Sector
(DBN)

State-owned Dutch bank ABN Amro reports profit in Q1 but warns of big loss coming in Q2
(DBN)

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Insurance:

Excess insurer entitled to recover partial refund paid by trustee to primary insurer following policy limits settlement with primary insurer
(DBN)

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Video Rentals:

Final Credits Rolling for Movie Gallery
(DBN)

Movie Gallery Judge Halts $1.75 Million Break-Up Fee
(DBN)

Movie Gallery to Receive $74.2 Million From Sales
(DBN)

Video stores face increased competition from Web
(DBN)

The Sun Has Not Yet Set On Blockbuster
(DBN)

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Religion:

The Vatican's Deeds Don't Yet Match the Pope's Words
(DBN)

Father Maciel, John Paul II, and the Vatican Sex Crisis
(DBN)

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Mining:

Copper King Mining Corporation Files
(DBN)

Utah's Copper King Mining files for Chapter 11
(DBN)

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Furniture:

Barcalounger files bankruptcy
(DBN)

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Fitness:

Exercise equipment maker files for bankruptcy
(DBN)

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Golf:

River Vale Country Club headed for auction block
(DBN)

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Hockey:

Mystery group now interested in Coyotes
(DBN)

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Economy:

Consumer Prices Unexpectedly Decreased in April
(DBN)

U.S. Inflation at 44-Year Low as Retail Prices Fall
(DBN)

Central Bank Discloses a Strategy for Asset Sales
(DBN)

US Federal Reserve Meeting Minutes for April 28
(DBN)

Federal Reserve sees slightly better 2010 economy
(DBN)

Mortgage Data Leaves Bankers Uncertain of Trend
(DBN)

Fed Officials in No Hurry to Sell Mortgage Assets, Minutes Say
(DBN)

Next year's budget is sinking in deep red ink
(DBN)

U.S. suffers from same afflictions now causing turmoil in Europe
(DBN)

EU Debt Crisis Shows Future for US
(DBN)

We're Not Greece--Yet
(DBN)

Volcker: What You're Seeing In Europe Is The Future Of America
(DBN)

11 Signs The Government Has Become An Overgrown Monstrosity That Every American Is Dependent Upon For Survival
(DBN)

Fifteen Uncommonly Clever Economic Indicators
(DBN)

Fannie, Freddie Did Not Cause the Financial Crisis
(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:

Mortgage Delinquencies Rose in the First Quarter
(DBN)

Delinquent-loan data suggest improvements in the economy
(DBN)

Loan Mod Logjam Continues for 265,000 Homeowners
(DBN)

U.S. MBA Mortgage Applications Index Fell 1.5% Last Week
(DBN)

One in 7 US homeowners paying late or in foreclosure
(DBN)

End of tax incentives to hurt homebuilding industry
(DBN)

Proskauer's Office Deal a Sign of the Times for Tenant Bargaining Power
(DBN)

Orleans cancels sale, plans to emerge from bankruptcy
(DBN)

Now It's "Prime" Mortgages That Are Going Bust Right And Left
(DBN)

Loan Demand to Buy Homes Sinks to 13-Year Low
(DBN)

Henderson County development Seven Falls gets more time
(DBN)

Ex-City Lawyer Gets 20 Months in Mortgage Scam
(DBN)

Miami Beach Developers Alleged to Coach Witness Lies
(DBN)

CRE Exposure Still Weighing on Life Insurers
(DBN)

Sovereign Funds Show Reignited Interest in Shopping for U.S. Property
(DBN)

Commercial Real Estate Prices Fall Again
(DBN)

After the housing crisis home flippers cash in on foreclosures
(DBN)

Opus Streamlines, Rolls Up $300M of Assets
(DBN)

Opus Northwest units sold to ... Opus
(DBN)

Rarity may have backers
(DBN)

Arrest sought in land case - Bankruptcy judge wants Charles Evans to answer questions
(DBN)

FBI Mortgage Fraud Investigations Jump 400% in Five Years
(DBN)

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Autos:

GM to Stop Paying Union Employees to Quit
(DBN)

Visteon term lenders offer to backstop equity investment-end fee bonanza
(DBN)

Perception Trumps Reality at GM
(DBN)

GM's Bob Lutz Talks Tough on Last Day: 'We had to compromise'
(DBN)

Contractor At Volkswagen's Tennessee Plant Files For Chapter 7
(DBN)

Cleanup funds offer new life, jobs, for shut plants
(DBN)

Chrysler Teams Up With Santander on Car Loans
(DBN)

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Litigation:

Reducing the ESI Burden of Privilege Logs
(DBN)

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Hollywood:

MGM Creditors Near Deal
(DBN)

Cerberus in talks with ailing MGM over standalone deal
(DBN)

Regulators express concerns on movie futures
(DBN)

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Food/Drink:

Talks on Tavern: Try, Try Again
(DBN)

Court approves Quality Candy sale
(DBN)

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Fraud:

Clients Worried About Goldman’s Dueling Goals
(DBN)

Goldman Sachs Under the Microscope
(DBN)

Rothstein's bankers questioned by attorneys
(DBN)

Sapp: Rothstein Owes Me $100K
(DBN)

Jail turns Stanford into a 'wreck'
(DBN)

'Savagely Beaten' Ponzi Schemer Wants Out of Prison
(DBN)

R. Allen Stanford seeks pretrial release from prison, but judge strikes motion
(DBN)

Allen Stanford Still Wants Out Of Prison, Dammit
(DBN)

How Stanford is worse than Madoff
(DBN)

Stanford's Latin American Victims Cry Out for Justice from 87 US Legislators
(DBN)

Santander suspicious of Bernard Madoff in 2006
(DBN)

Bahamas bank sued in relation to Madoff fraud
(DBN)

Theatre J Cancels IMAGINING MADOFF After Elie Wiesel Objects
(DBN)

Goldman Sachs Hands Clients Losses in ‘Top Trades’
(DBN)

Former deacon guilty in small-town Tenn. Ponzi scheme
(DBN)

Former Attorney talks in Hecker Case
(DBN)

Hecker seeks court's OK to leave Medina home for lake
(DBN)

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Mass Torts:

For asbestos-ravaged town, questions persist
(DBN)

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Retailing:

American Apparel Tumbles as Retailer May Breach Loan Covenant
(DBN)

Clothing chain blames immigration law in looming default
(DBN)

General Growth shakes up managers
(DBN)

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Distressed Investing:

Elgin Seeks to Buy US Bankruptcy Loans for CLOs
(DBN)

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Hotels:

$800 Million Innkeepers USA Trust Loan Goes into Special Servicing
(DBN)

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Soccer:

Real Mallorca Heads For Bankruptcy Reorganization
(DBN)

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Corporate Governance:

Wall St. reforms could bite Delaware
(DBN)

Directors & officers risks in Europe
(DBN)

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Lehman:

Lehman investigation blocked by US-EU regulator stand-off
(DBN)

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Art:

No jail for art swindler -- yet
(DBN)

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Tax:

IRS Demand for Tax Shelter Lists Has Companies Fearing Audits
(DBN)

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Rating Agencies:

With Deal Flow at a Trickle, Rating Agencies Get a New Competitor
(DBN)

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Horse Racing:

Cash-strapped New York racing under threat
(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:

RI bankruptcy numbers hit 11 year high
(DBN)

Bankruptcies rise in Triangle counties
(DBN)

Orlando on pace for consumer-bankruptcy record
(DBN)

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Bankruptcy Alternatives:

Compositions are a viable alternative to bankruptcy
(DBN)

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Bankruptcy Audits:

U.S. Trustee Audits on Debtor Bankruptcy Filings
(DBN)

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Aviation:

Mesa Air Group Loses Battle with Delta, and US Airways Must be Smiling
(DBN)

American Airlines chief Arpey says labor cost gap must narrow
(DBN)

AA Flight Attendants Authorize Strike
(DBN)

The Truth About The Cost Of American Airlines Flight Attendants
(DBN)

A Waning Star of Air Travel Struggles as a Solo Act
(DBN)

American weathers slump
(DBN)

Money-losing American Airlines parent AMR touts new tactics
(DBN)

Southwest says lack of bag fee helps increase revenue
(DBN)

Domestic airfares fall in Q4
(DBN)

Global glut of seats promises more airline losses
(DBN)

Air France-KLM Net Loss Widens Due To Slowdown
(DBN)

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Credit Cards:

Watch Out for a Credit Card Act Loophole
(DBN)

New Debit Card, Credit Card Laws Will Save Consumers $5 Billion This Year
(DBN)

Balances on cards squeezed for profit
(DBN)

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Symphonies:

Honolulu Symphony Revamps Business Plan
(DBN)

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Municipalities:

Ex-Financial Services Co Employee Pleads Guilty In Muni Bid-Rigging Case
(DBN)

US state pensions becoming federal issue
(DBN)

Act Now to Prevent the Pension Crisis From Bankrupting Our Cities and States
(DBN)

Antioch official says city not on brink of bankruptcy
(DBN)

Under Prichard Plan, Pensioners would get $200/Month for 10 Years
(DBN)

Sacramento, Calif., Schools Face Bankruptcy
(DBN)

Business leaders face Michigan's fiscal reality
(DBN)

New Jersey Millionaire Tax Passage Likely; Christie Veto Looms
(DBN)

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Student Debt:

Wells Fargo To Make Student Loans Available to Parents
(DBN)

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Health Care:

Ailing Harlem hospital to transfer services
(DBN)

Palm Drive Hospital exits bankruptcy
(DBN)

Slowness of Jackson Health System changes frustrates officials
(DBN)

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Finance:

What Small Business Lending??
(DBN)

Corporate Borrowing Costs Rise as German Ban Saps Confidence
(DBN)

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Oil/Gas:

BP told feds it could handle oil spill 60 times larger than Deepwater Horizon
(DBN)

Avoid Chaos, Decide Now Where to Try Oil Spill Cases, Lawyer Urges Multidistrict Panel
(DBN)

Judge Warns BP to Preserve Evidence
(DBN)

Louisiana's Spending On Gulf Oil Spill $5 Million And Rising
(DBN)

BP Withholds Oil Spill Facts
(DBN)

BP bows to demands from Congress and scientists for live feed of oil leak
(DBN)

In Gulf Spill, BP Using Dispersants Banned in U.K.
(DBN)

Cement Blew Up Through Well, Transocean CEO Says
(DBN)

Oil Spill Has Florida Worried About Hit to Tourism
(DBN)

Bradwood LNG files for bankruptcy. But what’s next?
(DBN)

Oil Settles Close to $70, Halting 16-Day Slide
(DBN)

Federal Oil Leasing and Royalty Income a Raw Deal for Taxpayers
(DBN)

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UK:

Bankrupts 'harassed' by creditors
(DBN)

Bankers, the Rich, Sit Pretty as UK Budget Cuts Loom
(DBN)

Official Receiver goes offline for 10 days
(DBN)

Insolvency watchdog under fire
(DBN)

Retail sector saw record business failures in 2009
(DBN)

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EU:

Europe 'Has Capacity' to Manage Debt Crisis: Geithner
(DBN)

European Union: A coalition of irresponsibility
(DBN)

Merkel Isolated After Short-Selling Ban Fails to Win Backers
(DBN)

Merkel presses for coordination on financial reform
(DBN)

Germany Acts Alone to Protect the Euro and Big Banks Against Speculators
(DBN)

German CDU Official 'Confident' of Votes to Pass Euro Aid Bill
(DBN)

Germany’s short-selling ban misses the point
(DBN)

Germany Forges Ahead on Reforming the Euro
(DBN)

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Greece:

Greece pays off creditors using EU rescue loans
(DBN)

Thousands gather for Athens strike
(DBN)

Luxembourgers Pay Most for Greece Rescue Loans
(DBN)

Bailout About Saving Banks and Rich Greeks
(DBN)

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Canada:

Province's Abitibi appeal rejected
(DBN)

Private health-care hospital on life support
(DBN)

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Japan:

IMF Says 'Critical' Japan Pursues Credible Debt Plan Next Year
(DBN)

Japan Economy Grows Less Than Forecast, Putting Pressure on BOJ
(DBN)

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Croatia:

Croatia gets bids for three of six ailing shipyards
(DBN)

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Italy:

Italy, Corporate/Company Law, Restructuring Under Italian Law
(DBN)

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Singapore:

Credit card overspending accounts for about half of bankruptcy cases in 2009
(DBN)

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Middle East:

Dubai World, creditors reach restructuring deal
(DBN)

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Hong Kong:

Hong Kong bankruptcies fall 18 pct in April vs March
(DBN)

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Australia:

80,000 Australian firms downgraded in the March quarter 2010
(DBN)

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