May 21, 2010

The Daily Bankruptcy News

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Law:

The Bankruptcy Files: Barcalounger and Movie Gallery Go Bust, Hughes Hubbard Gets Paid
(DBN)

New NALP Numbers Are Out — and as Bad as Ever
(DBN)

Congratulations on That JD! Any Hope of a J-O-B to Go With It?
(DBN)

Lawyer Who Inflated Grades for Sidley Job Gets Three-Year Suspension
(DBN)

Truth, Justice and the BigLaw Way
(DBN)

Former Big Firm Lawyer Suspended for 3 Years Over Fake Resume
(DBN)

NY Practice Leader Defects, Expects Clients to Follow Him
(DBN)

NY Chief Quits Newly Merged MegaFirm
(DBN)

NY Firm Pillaging Laterals From In-House Ranks
(DBN)

Law School Raises $100 Million During 18-Month Campaign
(DBN)

Co.‘s Effort to ID Web Critic Is Quashed; Posts Were ‘Hyperbolic Opinion,’ Says Fed’l Judge
(DBN)

Pennsylvania AG Issues Subpoena for IDs of Two Twitter Critics
(DBN)

Calif. Lawyer's Name Stolen for Scam
(DBN)

What's in a Name? Cooley Decides Less is More
(DBN)

Many In-House Counsel Are Social Media Savvy But Biglaw Firms? Not So Much.
(DBN)

Taking Your Law Firm to the Next Level
(DBN)

TV Star Puts Law School on Hold to Play a Lawyer on TV
(DBN)

Unbillable Hours: A True Story
(DBN)

Lawyer Books, Very Short
(DBN)

At Heart of Superman Suit, a Disappearing Lawyer With a Grudge
(DBN)

Law Prof Decries ‘Beauty Bias’ and Killer Shoes, Suggests Legal Remedies for the Former
(DBN)

NALP Employment Numbers: What to Believe?
(DBN)

Notre Dame Law School Klepto Follows Class to London
(DBN)

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Judges:

7th Circuit Nixes 30-Day Jail Term for Flooding Judge’s Computer with E-Mail
(DBN)

Yale Lawyer Picked for 2nd Circuit
(DBN)

Fair Reporting in the Courtroom
(DBN)

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Wall Street:

US Stock Futures Edge Up After Thursday Bashing
(DBN)

Stocks Drop Most in a Year on Economic Reports, European Debt Crisis
(DBN)

Roubini: Stocks to Tumble Another 20%, Cash the Safest Place
(DBN)

GMI's Raoul Pal Predicts Stock-Market Crash Amid Debt Defaults
(DBN)

Stocks tumble as euro drops, jobless claims rise
(DBN)

Poor US jobs data knocks Wall Street, reignites global stock market sell-off
(DBN)

Trading curbs will cause more uncertainty
(DBN)

S.E.C. Investigating Whether Brokers Fulfilled Obligations in May 6 Plunge
(DBN)

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Layoffs:

Lawmakers Extend Jobless Benefits
(DBN)

Calif. Supreme Court Clarifies Who Can't Be Sued by Stiffed Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Banks Post Highest Profits in Two Years, FDIC Says
(DBN)

Problem bank list hits 775
(DBN)

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Municipalities:

Prichard suggests large cuts to pension payments in bankruptcy plan
(DBN)

State law bars Central Falls bankruptcy
(DBN)

An Incinerator Becomes Harrisburg's Money Pit
(DBN)

Padded Pensions Add to New York Fiscal Woes
(DBN)

Disabled face hard choices as states slash Medicaid
(DBN)

Can States Fix Their Pension Problems?
(DBN)

Ten US Cities Still in Free Fall
(DBN)

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Parking:

Bankrupt airport parking operator sells CT lots
(DBN)

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Autos:

Former Delphi executives will face trial in October
(DBN)

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Tubing:

RathGibson bankruptcy reorg plan unopposed
(DBN)

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Economy:

Fed says Europe crisis threatens US economy
(DBN)

New weekly jobless claims rise by 25,000
(DBN)

Leading indicators slip 0.1 percent in April
(DBN)

Baucus, Levin to Propose Higher Tax on Buyout Firms
(DBN)

Treasuries Drop on Speculation European Ministers to Aid Euro
(DBN)

China to US: Put Your Fiscal House in Order
(DBN)

Volcker: Need a Change in the System
(DBN)

Gross: World in Midst of Rush to Liquidity
(DBN)

Recoveries as Difficult as Recessions
(DBN)

Bill Gates Sr: Rich Don't Pay Enough Taxes
(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:

Freddie Mac: Mortgage rates hit yearly low
(DBN)

Mortgage Rates Hit New Lows in Two Weekly Surveys
(DBN)

It’s the Mortgage, Stupid
(DBN)

Cash-strapped landlords let evictions lag
(DBN)

Home Appraisals Remain a Hot-Button Issue
(DBN)

Moody's Takes Action on $19.6bn of Jumbo, Alt-A RMBS
(DBN)

Why North Dakotans Make Their Mortgage Payments
(DBN)

Vegas: Foreclosures on land pushing prices back to 2003 levels
(DBN)

New Survey Finds 59% of Homeowners Would Not Consider Strategic Default
(DBN)

DW Commercial Foreclosures Up 58%
(DBN)

Lenders Bite the Bullet, Buy $3.1bn of Mortgages Back from GSEs
(DBN)

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Oil/Gas:

BP, under fire, says its oil leak control advances
(DBN)

BP capturing 5000 bpd oil at Gulf leak site
(DBN)

Gulf Coast tourism suffering
(DBN)

Oil arrives on La. shore, edges into key current
(DBN)

Pictures
(DBN)

BP oil leak just latest disaster to challenge resolve of Louisiana fishermen
(DBN)

Oil Gushes From BP Well as Scientists Study Leak Size
(DBN)

1 Month Later, Numbers Just Get Worse for Gulf
(DBN)

Month into Gulf spill, fishermen see bleak future
(DBN)

Salazar: BP "On The Hook" for Gulf Oil Crisis
(DBN)

EPA demands less toxic dispersant
(DBN)

Conflict of Interest Worries Raised in Spill Tests
(DBN)

Oil falls below $70 on global economy concerns
(DBN)

Kansas oil companies sue to recover revenue lost in SemGroup bankruptcy
(DBN)

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Fraud:

Lobbyist quizzed about Rothstein's political operations
(DBN)

Nashville FBI agent accused of defrauding SunTrust Bank
(DBN)

Fair investor proposes forming creditors committee
(DBN)

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Hedge Funds:

Whistle-Blowers Become Investment Option for Hedge Funds
(DBN)

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Corporate Reform:

Financial Reform Passes Senate: Another Win for Obama Looms
(DBN)

Major Parts of the Financial Regulation Overhaul
(DBN)

Provisions of House, Senate financial reform bills
(DBN)

Frank: 'Not a hard bill to conference'
(DBN)

Fed's 'Main Street' Message Protected Its Powers in Senate Bill
(DBN)

Key Washington players in Wall Street reform fight
(DBN)

Scott Brown key to Wall St. bill passage
(DBN)

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Health Care:

Massachusetts Legislators Take $100 Million from Hospitals
(DBN)

TLC Vision emerges from bankruptcy
(DBN)

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Tax:

Judge rules EMC founder concocted 'sham' $62M tax-shelter
(DBN)

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Lehman:

Forum Appeal Denied Over New Jersey Pension Fund's $180 Million Investment in Lehman
(DBN)

Lehman Pays Managers, Lawyers $794 Million for 19 Months Work
(DBN)

Judicial Watch Files Lawsuit Against Federal Reserve to Obtain AIG and Lehman Brothers Documents
(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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Aviation:

AMR says labor costs are a $600 million drag
(DBN)

British Airways Strike Looms as Court Says Vote Valid
(DBN)

British Airways Posts Record Annual Loss
(DBN)

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Derivatives:

Naked Truth on Default Swaps
(DBN)

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Awards:

Cooley Bankruptcy Group Named Turnaround Atlas Awards Finalist
(DBN)

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Newspapers:

Tribune Facing Legal Battle With Creditors
(DBN)

Tierney looks to life outside of newspapers
(DBN)

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Resorts:

Racy Resort Faces Dearth of Hedonists
(DBN)

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Solar:

Boulder's Simple Solar files for Chapter 11 bankruptcy protection
(DBN)

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Trucking:

Trucker Pay Falling as Demand Rises
(DBN)

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Environmental:

Tronox Can Settle Suit Over Radioactive Waste Cleanup
(DBN)

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Retailing:

Discounts squeeze Sears margins
(DBN)

American Apparel's Latest Financial Mess
(DBN)

General Growth Wins Approval on Last of Secured Debt
(DBN)

Why Wal-Mart's Sales Should Worry Everyone
(DBN)

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Satellites:

WorldSpace Strikes New Deal To Sell Its Satellites
(DBN)

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UK:

Creditors “hound” debtors in IVAs
(DBN)

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EU:

Merkel Makes Case to Markets After Isolation on Ban
(DBN)

Merkel should avoid channeling Dick Fuld
(DBN)

Merkel's Difficult Fight to Tame the Markets
(DBN)

Trichet Faces Growing Criticism in Europe Crisis
(DBN)

Germany, France renew vows on multi-national bank tax
(DBN)

Euro-Zone Policy Sets Stage for Depression
(DBN)

Germany: Europe's fed-up sugar daddy
(DBN)

Euro Drops, Yen Surges as Europe's Crisis Spurs Risk Aversion
(DBN)

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Greece:

20,000 Greeks march on parliament
(DBN)

Greek prime minister calls on Arab investors to put money in his cash-strapped country
(DBN)

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Spain:

Spain braces for street protests against spending cuts
(DBN)

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Poland:

Poland thinks Lukashenka's economy may go bankrupt
(DBN)

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Middle East:

Q+A-Next up for Dubai World's restructuring plan
(DBN)

Dubai World Debt Deal One Step Closer to Done
(DBN)

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Japan:

Nikkei suffers biggest weekly drop in over a year
(DBN)

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Germany:

German Business Confidence Unexpectedly Declines
(DBN)

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India:

'Bankruptcy drove family to suicide'
(DBN)

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