May 24, 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:

The New Squeeze: Firms Push Back on Recruiter Fees
(DBN)

Will Lawyer for Food: Class of '09 Faces Worst Job Market in More Than a Decade
(DBN)

Clifford Chance profits anticipated to be up by 15%
(DBN)

And How About $150,000?
(DBN)

Lehman Paid Jenner $53.5M for Report on Collapse; and $794M in Fees to All Lawyers, Managers
(DBN)

Wall Street's legal elite stage recovery but fees fall at US top 100
(DBN)

Sidley Austin Adds 3 Partners to Executive Committee
(DBN)

"Nothing short of outrageous and an insult to this court and its processes"
(DBN)

Dewey & LeBoeuf Has a Backlog of Associates Returning from the Deferral Year
(DBN)

When Mentoring Goes Bad
(DBN)

Embarrassing delivery to A&O
(DBN)

A&O hit with £3.4m claim from fiction-writing former associate
(DBN)

Brand-Spanking-New MegaFirm Unfreezes Pay, Announces Raises
(DBN)

The Hogan Lovells love-in continues – but don’t mention remuneration
(DBN)

Firm battles backlash from controversial outsourcing deal
(DBN)

Illinois Law Professor: Make the 1L Year Free
(DBN)

Do's and Don'ts From Jones Day's Hiring Partner
(DBN)

O’Neill Considering Litigating BP Gulf Spill
(DBN)

Stroock Wins Reprieve on $16 Million Escrow Release
(DBN)

Arizona Tribe Sues Steptoe & Johnson
(DBN)

Linklaters rumored to have lost six corporate lawyers in one day
(DBN)

Wachtell Advising JCI on Visteon Bankruptcy Bid
(DBN)

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

Jailed Paralegal Faces 23 New Charges in Alleged $700K Law Firm Thefts
(DBN)

Dangers Of High Volume Practice
(DBN)

Have JD, Now What? Many Law Grads Get Jobs, But Not Dream Careers
(DBN)

Bryan Cave Partner Picked to Be Next Deputy Attorney General?
(DBN)

Chadbourne & Parke Continues Its In-House Hiring Spree
(DBN)

Hollywood Lawsuit Features an American Icon and a Disappearing Lawyer with a Grudge
(DBN)

Lawyer Wins $8.8 Million in Suit Against Baron & Budd Over Misrepresentations
(DBN)

Citing Manatt Affair, Top Jamaican Official Steps Down
(DBN)

Suspended NY Lawyer Comes Up With $100,000 to Stay Out of Jail
(DBN)

Spangenberg Speaks, Says Sue First, Ask Questions Later
(DBN)

The Rise of Legal Project Management
(DBN)

The Mojave Cross: A Strange Case Gets a Whole Lot Weirder
(DBN)

Solo Reprimanded for ‘Legal Experts’ Trade Name
(DBN)

Twitter Lessons for Big Law Firms
(DBN)

"I don't even know what it is, to tell you the truth"
(DBN)

Pls Hndle Thx: Ok Computer
(DBN)

PI Lawyers Say Insurers Are Delaying Settlements and Offering Less
(DBN)

Lawyer Is Puzzled Why Alleged Scammer Used His Name and Bar Number
(DBN)

Blogging Lawyer Suspended
(DBN)

Law Student’s Struggle to Cope With Personal Tragedy Inspires Others
(DBN)

University of Texas Considers Renaming a Dorm Honoring a Klansman Law Professor
(DBN)

LSAT: Testing Wealth, Not Logic
(DBN)

Prosecutor and Lawyer Charged with Attempted $6M Extortion via Indictment Misconduct
(DBN)

Law School Grads Urged to Consider Alternative Paths
(DBN)

Woman admits to stealing $400,000 from AU law journals
(DBN)

Woman Says Fall Gave Her a Foreign Accent
(DBN)

______________

Judges:

Kagan’s 2003 Speech: A Window Into Her Views on Judging?
(DBN)

Document Dump! Senate Gearing Up for 168,000 Pages on Kagan
(DBN)

Scalia says he, Breyer and Kagan are friends
(DBN)

Kagan known for openness, assertiveness at Harvard
(DBN)

Elena Kagan: Hostile to free speech?
(DBN)

A veteran's Harvard ally: Elena Kagan
(DBN)

Judging Women
(DBN)

Kagan and the power elite
(DBN)

Elena Kagan goes on Supreme Court confirmation offensive in drab D.C. clothes
(DBN)

Elena Kagan's writings suggest judge's proper role
(DBN)

Kagan’s Writings Back Wider Executive Powers
(DBN)

Tobacco Executive Charged With Threatening Family Court Magistrate
(DBN)

Yale GC Nominated to Second Circuit (Course, She Went to Harvard)
(DBN)

Obama Taps BigLaw Partner for Federal Bench
(DBN)

Home of Law Classmate Who Sued Judge, Alleging $500K Debt, Is Raided by Authorities
(DBN)

Judge Can Speak at Same Event as Obama, Ethics Opinion Says
(DBN)

Google’s Privacy-Invading Street View Cars Should Avoid Judge Larry Burns’s House
(DBN)

Lawyer plays dual role in court deal - Chief justice said he did not know lawyer/adviser was also a developer in $200 million project
(DBN)

Judge Weinstein Takes On Child Pornography Laws
(DBN)

Take Justice Off the Ballot
(DBN)

______________

Wall Street:

US Stock-Index Futures Tumble
(DBN)

Stocks bounce back as worries over euro-zone bailout ease
(DBN)

Swatting at Wall Street From a Bunker in Brooklyn
(DBN)

The Market Speaks on a Goldman-SEC Settlement
(DBN)

______________

Layoffs:

Mass layoffs spike led by manufacturing
(DBN)

Cuts to Child Care Subsidy Thwart More Job Seekers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Rating Agencies:

Suddenly, the Rating Agencies Don’t Look Untouchable
(DBN)

Congress Debates 'Ratings Shopping' Fix
(DBN)

______________

 

 

 

Economy:

Recovery in US to Exceed Previous Estimates, Economists Say
(DBN)

Treasury Reduces TARP Cost by $11.4bn
(DBN)

Economy Will Need a Bigger Boat
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

Shadow Inventory Could Reach 5.5m by 2011: Report
(DBN)

Blame the Building if the Mortgage Falls Through
(DBN)

Homebuilder files $58M bankruptcy
(DBN)

Increase in Architectural Billings Sets Stage for Increased Construction
(DBN)

Credit Suisse Analyst: Tax-Credit Hangover Is Here
(DBN)

Mortgage Rates Decline
(DBN)

Tales of Woe: Predatory Mortgage Fees and Products
(DBN)

Risk Retention Fails to Address Conflicts in Re-Emerging Securitization
(DBN)

Special Servicers Take On $82bn in CMBS Loans through Q110: Fitch
(DBN)

Consumer Confidence in Home Prices Exceeds Zillow Property Valuations
(DBN)

Records break down loans made by Taylor Bean
(DBN)

_____________

Oil/Gas:

BP May Attempt to Plug Oil Leak With Mud Next Week
(DBN)

BP: Oil Tube is Starting to Fail
(DBN)

BP admits Deepwater rescue is capturing less oil
(DBN)

BP denies covering up extent of oil spill
(DBN)

BP Increases Gulf Oil-Leak Recovery; Flow Continues
(DBN)

Mixed messages as frustration mounts over Gulf oil spill
(DBN)

BP not prepared for worst case, Miller says
(DBN)

NY Congressman: BP Oil Spill Response “Absolutely Ridiculous”
(DBN)

BP misses "deadline after deadline"
(DBN)

BP says containment costs reach $760 million
(DBN)

US Raises Pressure on BP to Stop Oil Leak, Clean Up Spill
(DBN)

Obama Team's Tough BP Talk Undercut By Tougher Reality
(DBN)

Oil Spill Sparks Call for Aggressive Gov't Role
(DBN)

U.S. government to take control of oil spill response if BP stumbles
(DBN)

Spill: Why is British Petroleum Still in Charge?
(DBN)

U.S.: Only BP can plug well
(DBN)

U.S. Was Not Ready For Major Spill
(DBN)

Obama blames spill on breakdown at BP
(DBN)

Cleaning oil-soaked wetlands may be impossible
(DBN)

Gulf Coast fears spreading slick, fishing ban widens
(DBN)

Oil spill's toll will go far beyond gulf
(DBN)

How much is a pelican worth?
(DBN)

Louisiana blasts BP, Feds for slow oil response
(DBN)

Louisianans take oil cleanup in own hands as frustration mounts
(DBN)

Public beach in Louisiana closed as oil washes up
(DBN)

Obama Picks Graham, Reilly to Probe Gulf Oil Spill
(DBN)

Frustration mounts as oil seeps into Gulf wetlands
(DBN)

Louisiana fears oil onshore is just the start
(DBN)

EPA mulls barring BP from government contracts
(DBN)

Agency Orders Use of a Less Toxic Chemical in Gulf
(DBN)

BP wants to continue using contentious dispersant
(DBN)

BP invokes trade secret to keep dispersant's effect from EPA & public
(DBN)

Obama Charges Panel With Revising Drilling Rules
(DBN)

Obama: Gulf drilling only if ensure no more spills
(DBN)

A deadly, brown beach leaves a bitter trail
(DBN)

Obama: Oil panel will not interfere with Justice probe
(DBN)

Scientists Fault Lack of Studies Over Gulf Oil Spill
(DBN)

Oil rises above $70 but pessimism lingers
(DBN)

______________

Discharge:

9th Circuit Rules that Damages Assessed Against Unlicensed Contractor under California Law Discharged Even Though Fraud is Found
(DBN)

______________

Retailing:

General Growth Says Lenders Seek to Extinguish Rights
(DBN)

Attention Sears' (and Kmart) shoppers: pawn brokering in aisle 5
(DBN)

______________

Sports:

Leonsis: NHL Financially Stronger Than NBA
(DBN)

______________

Newspapers:

Extra! Extra! Read All About It…In 3-D?
(DBN)

Tribune Co. Given a Week to Cough Up Info
(DBN)

______________

Autos:

Resurrection of NUMMI auto plant by Tesla and Toyota lifts spirits
(DBN)

Chrysler CEO confident about future
(DBN)

Johnson Controls offers $1.25B for Visteon unit
(DBN)

White House Wants to Cut Gas Use in Half
(DBN)

______________

Accounting:

Deloitte’s Birkett Helps Dubai World Reach Agreement
(DBN)

______________

Student Debt:

Buried under student loan debt: One post-grad's story
(DBN)

______________

Corporate Reform:

Financial Overhaul Bill Poses Big Test for Lobbyists
(DBN)

What's Next for the Financial Overhaul?
(DBN)

Financial Regulation, the Morning After: What Happened to Armageddon?
(DBN)

As Reform Takes Shape, Some Relief on Wall St.
(DBN)

Rules Grow, Banks Stay Same Size
(DBN)

______________

Horse Racing:

NYRA says it will close June 9 without assistance
(DBN)

______________

Hockey:

Winnipeg's hopes for NHL team stay alive
(DBN)

______________

 

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)

______________

Distressed Investing:

Investors bet on equity in bankrupt US companies
(DBN)

______________

Committees:

Washington Mutual 2019 Ruling, Part II
(DBN)

______________

Aviation:

As times improve, travelers pack bags
(DBN)

British Airways Cabin Crews Walk Out
(DBN)

British Air Cuts Flights as Workers Walk Out
(DBN)

______________

Mass Torts:

1,400 asbestos cases dismissed
(DBN)

______________

Banking:

U.S. Banks Post Profit, but Woes Persist, 'Problem' Banks at 775 - 10% of all US banks
(DBN)

WaMu amends reorganization plan
(DBN)

FDIC, WaMu reach agreement on bankruptcy plan
(DBN)

______________

Municipalities:

CA borrowed $7 billion from feds to pay jobless benefits
(DBN)

Chapter 9: Mercy for Municipal Misfortune
(DBN)

Harrisburg needs a plan before it cries ' bankruptcy '
(DBN)

Pension issue balloons with soaring costs
(DBN)

Municipal Bonds: The Next Financial Land Mine?
(DBN)

______________

AIG:

Case Said to Conclude Against Head of AIG Unit
(DBN)

Prosecutors Said to Drop Probe of Ex-AIG Executive
(DBN)

AIG welcomes US Justice Dept. decision
(DBN)

______________

Derivatives:

Derivatives Sour Wall St. on Obama
(DBN)

______________

Compensation:

Perks Continue for Some Wall St. CEOs
(DBN)

______________

Tax:

Stealth IRS changes mean millions of new tax forms
(DBN)

What Higher Taxes Will Really Mean
(DBN)

______________

Health Care:

Westcliff Medical Laboratories Files Bankruptcy , Will Be Sold to LabCorp
(DBN)

______________

Religion:

Pope calls for ethics in world economy
(DBN)

National Church Council near bankruptcy
(DBN)

______________

Fraud:

Kurland gets 27 months in prison in Galleon case
(DBN)

Are Goldman and the SEC Heading Toward a $1 Billion Settlement?
(DBN)

‘100% Protected’ Isn't as Safe as It Sounds
(DBN)

2nd Circuit Ruling Keeps 'Stoneridge' Door Shut
(DBN)

______________

Food/Drink:

Soup Kitchen Creditors File to Force Bankruptcy
(DBN)

'Soup Nazi' faces bankruptcy
(DBN)

______________

Golf:

Bankruptcy Filed for CCWP, Foxfire
(DBN)

______________

Satellites:

DBSD Seeks to Preserve Bankruptcy Plan Pending FCC Approval
(DBN)

______________

UK:

Duchess of York in tabloid sting over finances
(DBN)

Duchess of York apologizes after newspaper sting
(DBN)

True North a "bona-fide" owner waiting for Coyotes?
(DBN)

England Halts Disastrous Home Information Packs
(DBN)

______________

EU:

Whatever Germany does, the euro as we know it is dead
(DBN)

What It Would Take to Recover the Euro
(DBN)

Crisis Imperils Liberal Benefits Long Expected by Europeans
(DBN)

UK Backs Germany's Effort to Support Euro
(DBN)

France poised to raise retirement age
(DBN)

Spain Seizes Savings Bank In Rescue Bid As Talks Fail
(DBN)

Why the US should support Europe's rescue package
(DBN)

EU Backs Tougher Sanctions to Combat Debt
(DBN)

Future without Euro is a Possibility
(DBN)

Household Indebtedness in the EU
(DBN)

______________

Greece:

75% Chance of Greek Default
(DBN)

______________

Japan:

Japan Keeps Economic View Unchanged Despite Stronger Recovery
(DBN)

______________

Australia:

Surge in middle class bankruptcy
(DBN)

______________

China:

PRC Bankruptcy: Jurisdiction Woes Curdle Int'l Creditors’ Rights
(DBN)

China Resources Profit Rises as Retail Demand Gains
(DBN)

_____________

Middle East:

Dubai creditors agree $14.4bn deal
(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).