May 26, 2010

The Daily Bankruptcy News

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Law:

Survey Shows Law Firms Charging Different Rates for the Same Work
(DBN)

Bankruptcy Lawyer Loses Free-Speech Challenge
(DBN)

Willkie Farr turns to Kaye Scholer for restructuring partner duo
(DBN)

New Low for Law Firm Behavior During the Recession
(DBN)

BigLaw Firm Founder Dies
(DBN)

Armstrong Teasdale re-elects Chivell managing partner
(DBN)

Deferred Associates Put Pro Bono Time to Good Use
(DBN)

Is the Practice of Law Still Mainly a Man's World?
(DBN)

Women Lawyers to Watch
(DBN)

Springtime for Bonuses At Sullivan & Cromwell?
(DBN)

Look! Up in the Sky! It's a Crime! It's a Bankruptcy! It's the Crookedest Lawyer Ever!
(DBN)

Transocean Can't Cap Spill Liability Using Old Law, Lawyers Say
(DBN)

Transocean Seeks Delay of Depositions in Oil Spill Litigation
(DBN)

Judge in oil rig case swamped by lawyers
(DBN)

With Shareholders Okay, Smurfit-Stone Set to Exit Bankruptcy
(DBN)

So...What Does it Take to Get Disbarred in New Jersey?
(DBN)

Summer Events Planned to Celebrate 50th Birthday of ‘To Kill a Mockingbird’
(DBN)

Rose Walker: A Firm Who Gets It
(DBN)

Summer Associate of the Day: America’s Next Top… Lawyer?
(DBN)

Prosecutor Chooses Tea Party Talks Over Job, But Plans Suit to Get Gig Back
(DBN)

Law Firm Warns Super-Yacht Owners: Beware of Ship Seizures in Italian Waters
(DBN)

Duke Ups Ante on Loan-Repay Help for Law Grads Making as Much as $75K
(DBN)

Coast Guard Suspends Search for Missing Irell & Manella Partner
(DBN)

U.S. Supreme Court declines to hear case of L.A. lawyer jailed for contempt of court
(DBN)

(Dismissed) Lawsuit of the Day: Rotunda v. Zengerle
(DBN)

‘Pukemon’ pleads guilty
(DBN)

"I don't even know else what to say"
(DBN)

"You lied to this court, continued to lie, after you pleaded guilty to lying"
(DBN)

Another Prime Time Law Firm Show for Attorneys to Mock
(DBN)

"The Good Wife" Finale - They want what they want
(DBN)

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Judges:

Elena Kagan Was Upset By Her B-Minus in Torts
(DBN)

Kagan's Public Service Commitment Touted by Harvard Law Grads
(DBN)

Judiciary chairman defends Kagan against GOP fire
(DBN)

As Marshall clerk, Kagan was wary of conservatives
(DBN)

At Harvard, Kagan’s Sights Were Aimed Higher
(DBN)

Judge Had Inactive License; Error Disclosed After Reprimand for Being Rude, Using Profanity
(DBN)

Judge signs out so he can cash in
(DBN)

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Wall Street:

Stock Index Futures up as World Stocks Rebound
(DBN)

Dow rebounds after 300-point plunge; closes just above 10,000
(DBN)

Risk-Averse Investors Send Stocks Sliding on Debt Fears
(DBN)

Stock Market Turbulence Here to Stay
(DBN)

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Layoffs:

The 20 Most Unemployed Cities In America
(DBN)

It’s Quitting Time! Why Workers Are Leaving their Jobs in Droves
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Baseball:

Texas Rangers Slide Into Bankruptcy
(DBN)

Creditors voice concerns over Rangers' bankruptcy
(DBN)

Creditors in Texas Rangers Sale Say There is a, "Higher Bid Out There"
(DBN)

Timing will be interesting in the Texas Rangers' bankruptcy plan
(DBN)

Rangers bankruptcy filings reveal perks, sale efforts
(DBN)

Rangers say bankruptcy sale only option
(DBN)

Texas Rangers' bankruptcy is cause to celebrate, or so they tell me
(DBN)

Bankruptcy plan looks like a good thing, but let's not treat current owner like a hero
(DBN)

Hicks Can't Escape Hecklers
(DBN)

Rangers strike out financially, but Hicks will probably get a golden parachute
(DBN)

Rangers Bankruptcy Should Be 'Traditional,' U.S. Says
(DBN)

Beyond Bankruptcy: MLB's Ulterior Motives Behind the Sale of the Texas Rangers
(DBN)

A-Rod takes a hit: Texas Rangers file for bankruptcy, could cost Yankees' Alex Rodriguez $25 million
(DBN)

HSG Creditors Over Texas Rangers Bankruptcy Filing: "This is now war"
(DBN)

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Banking:

The WaMu Bankruptcy Won't End
(DBN)

Washington Mutual Holders Seek Probe Of JPMorgan Role
(DBN)

Moody's Says Court Ruling Gives FDIC Broad Powers Over Failed Bank Assets
(DBN)

Banks get scary again
(DBN)

Banking Without A Security Blanket
(DBN)

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Autos:

Auto Loan Payments Show Sharp Improvement
(DBN)

Recovering Auto Sales May Spur Parts Deals, Drawing Ross, Icahn
(DBN)

Sudden Acceleration Death Toll Linked to Toyota Rises
(DBN)

Judge Puts Calif. Toyota Claims on a Single Track
(DBN)

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Food/Drink:

Captain D's Seafood operator seeks bankruptcy protection
(DBN)

Bi-Lo CEO sees 'stronger, more competitive' retailer
(DBN)

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Lehman:

Lehman Wins Approval for Archstone Restructuring Deal
(DBN)

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Student Debt:

Who should be responsible when student loans can't be paid back?
(DBN)

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Newspapers:

Tribune Co. proposes $14.9 million more in executive bonuses
(DBN)

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Insurance:

Ambac to pay banks $2.6 billion
(DBN)

Ambac Judge Rules Against Mortgage Bond Holders in a Wind-Down
(DBN)

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History:

America’s Poorest Presidents: Bankruptcy, Insolvency and Extreme Financial Hardship
(DBN)

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Economy:

Consumers Gain Confidence as Employment Improves
(DBN)

Lowest Auctioned Yield Ever For 2-Yr Treasury
(DBN)

Bullard Says Europe Crisis Unlikely to Foil Recovery
(DBN)

Home Prices in US Cities Rise Less Than Forecast
(DBN)

Private pay shrinks to historic lows as gov't payouts rise
(DBN)

Gold Rising; Speculators buying faster than producers can mine
(DBN)

How We're Doing as Debt Fears Rise
(DBN)

What The UK's New Austerity Budget Would Look Like In The U.S.
(DBN)

Fed/ECB/BOE should move on rates from late 2010 -OECD
(DBN)

Surge in LIBOR Sign of Financial System Stress
(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:

Shadow Inventory Could Take Four Years to Clear: Morgan Stanley
(DBN)

Home prices fell 0.5 percent from February to March
(DBN)

Home prices in Chicago metropolitan area at eight-year low
(DBN)

Hey New York Homeowners, Look Out Below
(DBN)

A Look at Case-Shiller, by Metro Area (May Update)
(DBN)

Bad Bets on Housing Boom MBS Wiped Out Fannie, Freddie: FHFA Report
(DBN)

Defaults on Apartment-Building Loans Set Record for U.S. Banks
(DBN)

A.I.G. to Seek Sale of $1.9 Billion in Apartments
(DBN)

Realtors Say The Housing Fall Is Over, While Inventory Approaches Peak Crash Levels
(DBN)

Mortgage-Bond Spreads Widen to Seven-Month High on More Supply
(DBN)

Home Buyers Should Celebrate the Greek Debt Crisis
(DBN)

Utah Takes Over Abandoned Planned Community
(DBN)

Lenders pressing Broadbent
(DBN)

Parkmerced in default
(DBN)

County Attorney Accused of Mortgage Fraud Will Stay on Job
(DBN)

Homeowner Files Sexting Suit Against Bank Rep
(DBN)

Jamestown files for bankruptcy
(DBN)

Mapping the Mortgage Interest Deduction
(DBN)

Hey, Mortgage Industry: Nobody Trusts You
(DBN)

Falling Home Prices Raise Fears of New Bottom
(DBN)

New $3bn Foreclosure Prevention Program Added to Wall Street Reform Bill
(DBN)

Delinquent Buy-Outs Add $3.9bn to Freddie's Ever-Growing Mortgage Portfolio
(DBN)

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Oil/Gas:

BP Prepares for 'Top Kill' Procedure to Contain Spill
(DBN)

BP tests tricky oil plug plan as Obama vents
(DBN)

Size of Spill Will Dictate Size of Bill
(DBN)

BP offers $500 million to study oil spill impact
(DBN)

Civil fine in Gulf spill could be $4300 barrel
(DBN)

Signs of trouble evident hour before oil rig explosion
(DBN)

Louisiana residents confront officials at oil spill meeting
(DBN)

White House faces fire over BP oil leak
(DBN)

Is Blame Shifting From BP to the Government?
(DBN)

On the Hook: Senators Looking to Pin Down BP, Transocean
(DBN)

Website Offers Betting on Spill-Related Extinctions of Gulf Species
(DBN)

Congress Seeks to Quadruple Oil Barrel Tax to 32 Cents
(DBN)

Will the Gulf Cleanup Effort Yield a Constitutional Smackdown?
(DBN)

Gulf Oil Spill: How Much Oil Has Leaked Into The Gulf Of Mexico? (WIDGET)
(DBN)

Cousteau Jr.: 'This Is a Nightmare... a Nightmare
(DBN)

Feds Declares Fisheries Disaster: Ala, Miss, La
(DBN)

'The Plan Is to Let Us Die,' Coastal Parish President Says
(DBN)

6 Worst Acts of BP During Oil Spill
(DBN)

Gulf oil spill moves closer to Texas coast
(DBN)

Online maps, apps help track oil spill
(DBN)

White House: BP Gulf Coast oil slick is worst spill in US history
(DBN)

Report shows close ties between rig inspectors, oil industry
(DBN)

Interior Probe Finds Fraternizing, P--- and Drugs at MMS Office in La.
(DBN)

The big offshore lie
(DBN)

Chevron: Offshore Drilling Needs to Go On
(DBN)

Short term, oil spill means mini job boom in Gulf
(DBN)

Panel Suggests Signs of Trouble Before Rig Explosion
(DBN)

Rig blast survivors to testify in probe
(DBN)

BP Had a Key Role in the Exxon Valdez Disaster
(DBN)

BP-owned Alaska oil pipeline shut after spill
(DBN)

North American Petroleum files for Chapter 11
(DBN)

Bush: US is Addicted to Oil
(DBN)

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Aviation:

AA plans to train volunteer attendants
(DBN)

JAL delays unveiling rehab plan
(DBN)

Iraq dissolves Iraqi Airways over Kuwait dispute
(DBN)

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Religion:

In Brief to High Court, U.S. Supports Vatican in Sex-Abuse Case
(DBN)

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Tax:

Megayacht Seized for Tax Evasion
(DBN)

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Chemicals:

Chemtura Comments on the Status of the Development of its Plan of Reorganization
(DBN)

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IP:

Nortel May Raise as Much as $1.1 Billion From Selling Patents
(DBN)

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Art:

One Galleries’ Bankruptcy Means Another Christie’s Auction
(DBN)

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Health Care:

Catholic hospital closings plague the northeast
(DBN)

St Vincent's research centre irks locals
(DBN)

Long waits, overcrowding result from Queens hospital closings; a harbinger of St. Vincent's fallout?
(DBN)

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Non-Profits:

Lender targets SeedAmerica CEO
(DBN)

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Distressed Investing:

Securitization of delinquent loans heats up
(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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Celebs:

Ex-Mayor of Detroit Jailed, Loses $120K Job, for Living Lavishly Instead of Paying Restitution
(DBN)

Please Pack Your Knives…And File For Bankruptcy - Bankruptcy Beat
(DBN)

Nicolas Cage Must Not Have Heard About the Fiscal Crisis in California
(DBN)

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Corporate Reform:

Bernanke Says Central Banks Must Be Free of Pressure
(DBN)

Frank Will Lead on Final Financial Reform
(DBN)

Frank Says Lincoln Derivatives Measure 'Goes Too Far'
(DBN)

Lincoln-bank risk management not affected by bill
(DBN)

Regulators Push for Global Rule on Bank Capital
(DBN)

This Wall Street Lady Enforcer Shoots Blanks
(DBN)

SEC Commish: Agency Needs to Get Tough on Miscreants
(DBN)

Sen. Gregg: Financial Reform Bill Is 'Disaster'
(DBN)

Twelve Senators Named to Wall St Reform Panel
(DBN)

Wall Street, in Response to Financial Reforms, Might Move Some Trading Offshore
(DBN)

Four Ways to a Better Finance Bill
(DBN)

How to instantly stop the next banking crisis
(DBN)

Financial Reform: A Win for Wall Street, A Cold Shoulder for Main Street
(DBN)

Volcker Was Frozen Out of the White House
(DBN)

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Gambling:

New objections filed to Station Casinos bankruptcy plan
(DBN)

Execs: East Coast Casino Market Getting Crowded
(DBN)

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Municipalities:

No new tax, so Dunmore exploring "distressed," bankruptcy options
(DBN)

California Dems Unveil Tax-Increase Package
(DBN)

Lessons of hard times in Vallejo
(DBN)

Grim Vallejo budget emerges
(DBN)

Cities just two paths on benefits
(DBN)

The California Quagmire
(DBN)

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Aviation:

Air Slovakia faces bankruptcy
(DBN)

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Horse Racing:

Magna Cum Loud
(DBN)

New York state loan averts Belmont crisis
(DBN)

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Fraud:

Judge Wants to Know 'Who's on First' on Allen Stanford's Legal Team
(DBN)

Kim Rothstein wants $1.1 million clawback suit dismissed
(DBN)

Rothstein Victims Duke It Out in Bankruptcy Court
(DBN)

The Professional
(DBN)

Hecker's closeout sale
(DBN)

At Denny Hecker auction, it was mogul mania
(DBN)

Group Claims $15.5 Billion in Madoff Settlements
(DBN)

European banks settle Madoff cases, Swiss hold out
(DBN)

Ex-execs charged in $60M stock scam in NYC
(DBN)

Does the False Claims Act Work a Little Too Well?
(DBN)

Kerviel Says SocGen Superiors ‘Helped’ Him Make Disputed Trades
(DBN)

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Video Rentals:

Blockbuster's Run may Finally be Ending
(DBN)

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Radio:

Future of radio stations still unclear
(DBN)

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Corporate Governance:

Delaware's Future in light of Pending Federal Legislation
(DBN)

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UK:

In London, Banks Begin to Hire Again
(DBN)

Fergie To 'Start Fresh' In NYC?
(DBN)

UK Gov't announces £6.2 billion cuts package
(DBN)

The new poverty - The impoverished professionals: New victims of the crunch
(DBN)

Creditors under attack
(DBN)

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EU:

The contagion of austerity
(DBN)

European Nations Take Steps to Pare Deficits
(DBN)

Europe's Credit Woes Tied to Market Turmoil
(DBN)

US Treasury Sec arrives in Europe for crisis talks
(DBN)

Microsoft CEO says concerned about Europe contagion
(DBN)

How Selfish Germany Will Kill EU
(DBN)

Europe’s Misery Spells Opportunity for Rich Americans
(DBN)

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Greece:

Greece's Finance Ministry Millionaires
(DBN)

Greek government discusses privatizations as finance ministry probes its own for tax evasion
(DBN)

Greek workers heckle culture minister on Acropolis
(DBN)

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Canada:

AbitibiBowater files restructuring plan
(DBN)

Newsprint giant eyes new fields
(DBN)

Abitibi boss seeks financial simplicity
(DBN)

Parliament to vote on securing pensions at failing companies
(DBN)

Bear Mountain development inches toward bankruptcy
(DBN)

Connaught project gets bankruptcy order
(DBN)

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Germany:

Germany Drafts Wider Ban on Speculative Trades
(DBN)

German Consumer Confidence Declines on European Deficit Crisis
(DBN)

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Spain:

The Spanish savings bank CajaSur is under the threat of bankruptcy
(DBN)

No end in sight to the pain in Spain
(DBN)

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Ireland:

Economist's O'Brien warns of increased sovereign bankruptcy risk
(DBN)

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Iceland:

Economist: 25% chance Ireland will go bankrupt
(DBN)

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