May 27, 2010

The Daily Bankruptcy News

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Law:

Two Law Firms Agree to Trans-Atlantic Merger
(DBN)

Sonnenschein to Combine With Denton Wilde, Become SNR Denton
(DBN)

Transocean Taps Sutherland and Skadden
(DBN)

Law Prof Surveys Legal Secretaries, Chronicles Layoffs, Conflicts with Female Lawyers
(DBN)

The Hard Goodbye
(DBN)

Most Large Texas Firms Go Smaller on 2010 Summer Classes
(DBN)

Associate Deferral Programs a Success, Report Concludes
(DBN)

Changing Spaces
(DBN)

NY BigLaw Firm Takes Advantage of Recession Wracked Market to Lockin Lease Extension
(DBN)

In-House Counseling: Not a Knuckle-Dragger
(DBN)

Foley & Lardner: The Firm That No Offered a Summer Associate War Veteran
(DBN)

InsideCounsel’s SuperConference: Risky Business
(DBN)

Lawyer Charged in Alleged $60M Stock Scheme
(DBN)

Schwab Settlement to Generate $20 Million Fee for Hagens Berman
(DBN)

Solo Advises New Law Grads Not to Hang Out Their Own Shingle
(DBN)

The Boss
(DBN)

Box Mitzvah
(DBN)

Lawyer, Professor, Art Collector
(DBN)

McElhaney: Think Big
(DBN)

Client consent is a safe step when lawyers outsource work on cases
(DBN)

How Edward Bennett Williams built the world's most powerful law firm
(DBN)

Sometimes the choice of practice can bring a better balance
(DBN)

Ex-Partner Charged in Alleged $2M Theft from Law Firm & Clients
(DBN)

Want Scalia on Your Smartphone?
(DBN)

Meet This Season’s Lawyers from The Bachelorette
(DBN)

How Sweet It Isn't: ‘Grub for Gluttons’ is Law Student’s Recipe for Success
(DBN)

Mug Shot Roundup
(DBN)

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Judges:

The Unconfirmable Supreme Court (Part 2): The Conservatives
(DBN)

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Receivers:

Guilty plea may be a first for court-appointed receivers
(DBN)

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Courts:

Love That New Federal Courthouse? Here's Why You Maybe Shouldn't
(DBN)

Specter Gives Kagan a Confirmation Tip Sheet
(DBN)

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Wall Street:

Futures sharply higher on China euro-zone comments
(DBN)

Stocks Take Late Dive, Rally Lacks Confidence
(DBN)

SEC proposes high-frequency trade oversight rules
(DBN)

Tourism: Cashing in on Wall Street rogues
(DBN)

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Layoffs:

OECD: Joblessness on the horizon
(DBN)

City Of Baltimore To Notice Hundreds of Layoffs
(DBN)

Toledo to Lay Off Hundred of Teachers, Says Union Head
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Lehman:

Lehman: JPMorgan Chase pushed firm into bankruptcy
(DBN)

Lehman Sues JPMorgan for Billions of Dollars in 'Lost Value'
(DBN)

Lehman Sues JPMorgan For Holding 'Financial Gun' To Its Head
(DBN)

The Complaint
(DBN)

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Accounting:

Bank of America , Citigroup , Deutsche Bank Hid Debt
(DBN)

FASB Issues Proposal Requiring Banks to Book Loans' Fair Value
(DBN)

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AIG:

AIG on path to repay US taxpayers; loss risk seen
(DBN)

Once AIG repays gov't, won't be too big to fail-AIG CEO
(DBN)

Warren Says AIG Units May Need to Weigh Bankruptcy
(DBN)

Bailout watchdog: AIG was 'Frankenstein'
(DBN)

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Fraud:

Insider Trading Arrests Tied to Disney
(DBN)

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Aviation:

Iraqi Airways to be closed following bankruptcy
(DBN)

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Baseball:

Texas Rangers need financing by day's end to meet payroll
(DBN)

Lenders bid against MLB to provide bankruptcy loans for Rangers
(DBN)

Why the Creditors of the Texas Rangers Got Into a Bidding War with MLB
(DBN)

Rangers say they prefer MLB financing plan
(DBN)

Rangers to Tap $21.5 Million Loan From Major League
(DBN)

Texas Rangers Nearly Max Out Team Credit Card
(DBN)

Texas Rangers Owner Wants To Keep His Season Tickets
(DBN)

After big financial losses, Rangers/Stars owner Hicks eager to exit pro sports
(DBN)

When Dollars and Sense Don't Add Up
(DBN)

The United States Trustee Breaks Down (And Tears Apart) the Rangers' Bankruptcy Filing
(DBN)

Rangers' bankruptcy hearing continues
(DBN)

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Hockey:

Bad news for Gary Bettman, good news for hockey fans
(DBN)

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Boating:

Bremen based yacht builder and dealer Drettmann files for bankruptcy
(DBN)

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Sovereigns:

Rescuing the rescuers
(DBN)

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Economy:

Orders have risen in four of the past five months
(DBN)

New home sales soar 15% in April
(DBN)

TARP Investment Leads to Huge Losses for US Treasury
(DBN)

Compared To Our Bailout, The Euro Bailout Is Nothing
(DBN)

Treasury Grosses $6.2 Billion in Sale of Citigroup Shares
(DBN)

Markets Want Action on European Debt Crisis, Geithner Says
(DBN)

The Next Two Years for the World Economy
(DBN)

OECD Lifts Growth Outlook as Emerging Nations Rebound
(DBN)

Poverty Through the Decades
(DBN)

Good news and bad news
(DBN)

Europe Pain May Impede U.S. Upturn
(DBN)

America's National Debt Tops $13,000,000,000,000;
Debt Per Taxpayer - $117,975;
US Debt To GDP Ratio - 90.3%

(DBN)

US money supply plunges at 1930s pace as Obama eyes fresh stimulus
(DBN)

Rep Seeks Notification Each Time GSEs Get Bailout Funds
(DBN)

Economic Recovery in the World's Advanced and Emerging Market Economies - Interactive map
(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 sales jump in April
(DBN)

Mortgage Rates Fall to 4.8%, Home Buyers Still Scarce
(DBN)

Freddie Sees House Prices Down Slightly in Q110
(DBN)

Why Mortgage Lenders Went Wild
(DBN)

Mortgage insurer sees NY workouts soar 28%
(DBN)

Best Buy Wins Suit Against Developers Diversified
(DBN)

Henderson files objection to Lake Las Vegas bankruptcy plan
(DBN)

Toll Bros 2Q Loss Narrows; Says Recovery Underway
(DBN)

Rise in desk jobs bodes well for Manhattan landlords
(DBN)

Commercial building occupancy still falling, Realtors say
(DBN)

Arizona Home Values Dropped the Most
(DBN)

CRE Lending Remains Constricted, but Loosening for Office and Retail
(DBN)

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Food/Drink:

Labor Talks Remain Key to Tavern's Future
(DBN)

USA Springs files bankruptcy plan
(DBN)

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Oil/Gas:

Heated Argument on Rig Before Blast
(DBN)

BP Used Riskier Method to Seal Oil Well Before Blast
(DBN)

Miscalculations Set Stage for BP Oil Disaster
(DBN)

The Real Cause Of BP's Oil Spill
(DBN)

Obama to keep drilling moratorium for 6 months
(DBN)

New Drilling Projects Move Forward Despite Moratorium
(DBN)

Judge Refuses to Delay Oil Spill Lawsuit Against BP
(DBN)

Courts Split on Staying Gulf Oil Spill Lawsuits
(DBN)

BP to Appoint Independent Mediator for Claims Process
(DBN)

Anger Over WH Response to Spill in the Gulf
(DBN)

What's the best way to punish BP for the oil spill?
(DBN)

WR Berkley Raised Offshore Rigs' Insurance Rates 40%
(DBN)

US Sen Boxer: Stop Offshore Drilling If No Disaster Plan In Place
(DBN)

Rep. Miller: Interior Should 'Claw Back' Offshore Leases
(DBN)

Influence Game: Govt Regulators Hired by Companies
(DBN)

“It’s BP’s Oil”
(DBN)

US Sen. Jeff Sessions wants to raise BP's liability to $20 billion
(DBN)

Rig engineers ‘knew oil well could blow’
(DBN)

Report: Witness says BP took ‘shortcuts’
(DBN)

BP Spill Takes Big Toll On US Gulf's Small Drillers
(DBN)

Oil Jumps Above $71 as Demand, Durable Goods Orders Increase
(DBN)

TXCO Resources files for bankruptcy
(DBN)

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Newspaper:

Tribune plans $16 mln in bonuses on bankruptcy exit
(DBN)

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Distressed Debt:

Fewer Debt Swaps Expected This Year, But Wait Until 2013
(DBN)

Bond Distress Highest Since ’09 as Sales Vanish
(DBN)

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Jewelry:

Former Fred Leighton Owner Back In Bankruptcy Court
(DBN)

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Health Care:

Hawaii Medical Center's reorganization plan gets approval
(DBN)

Hospital hopes versus realities 
(DBN)

Giving birth to a new hospital wouldn't be easy, experts say
(DBN)

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Banking:

Treasury Completes Sale of 1.5 Billion Citigroup Shares, Plans To Sell 1.5 Billion More
(DBN)

Community Banks: Up TARP Creek Without A Paddle
(DBN)

Change Proposed in Way Banks Value Assets
(DBN)

WaMu's Chapter 11 Case: Here Come the Shareholders
(DBN)

Bank Stocks Under New Pressures
(DBN)

Failed New South Federal secures $6M for loan defaults
(DBN)

Wilbur Ross showing the way on bank buyout
(DBN)

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Insurance:

Allen Stanford, D&O Insurers Spar Over Defense Issues
(DBN)

Ambac Settlement With Banks Clears Legal Challenge
(DBN)

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Retailing:

Westfield Won't Bid for General Growth
(DBN)

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Warranties:

US Fidelis back in bankruptcy court
(DBN)

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Shipping:

Idle Box Ship Fleets Shrinks by a Million TEUs
(DBN)

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Hotels:

Extended Stay's fate put on block
(DBN)

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New Bankruptcy Opinions
(No new opinion 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 Reform:

Greater Employee Protections Proposed
(DBN)

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Newspapers:

Tribune Seeks Approval for $59 Million in Management Bonuses
(DBN)

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Corporate Reform:

Matthew Richardson Explains the Bank Tax
(DBN)

Government Regulation: One Man’s Take on Why We Need More
(DBN)

Obama Administration Leans Toward Letting Banks Keep Derivatives Trading
(DBN)

Fiduciary provision regarding financial advisors may be most important part of financial reform bill
(DBN)

Don’t cry for Wall Street over financial reform
(DBN)

Citigroup fined in cemetery funds case
(DBN)

SEC chief admits settlements enable more lawsuits
(DBN)

Wall Street's Temper Tantrum
(DBN)

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Municipalities:

More US Cities Could Be Facing Bankruptcy
(DBN)

Mayor Linda Thompson tells CNBC Harrisburg won't become 'poster child' for municipal bankruptcy
(DBN)

Vallejo BK Offers Cautionary Tale to Cities, Unions
(DBN)

Gov. Christie: We're Not Raising Taxes; Budget Freeze worked
(DBN)

Miami Commissioner Says Bankruptcy is City's Best Hope
(DBN)

Will Miami Declare Bankruptcy And Start A Nationwide Trend?
(DBN)

Cash-strapped Rhode Island can't pay state tax refunds
(DBN)

Democrats propose tax hikes in response to Schwarzenegger's fiscal plan
(DBN)

NY Assembly Looks At Millionaire's Tax
(DBN)

Detroit not only major city with budget shortfall
(DBN)

Not Out of the Woods: The Recession's Continuing Impact on Big City Taxes, Services and Pensions
(DBN)

States Make Huge Education Cuts Across the U.S. - Tens of Thousands of Teachers Nationwide Face the Ax
(DBN)

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Autos:

Government: 89 deaths tied to Toyota acceleration
(DBN)

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Trucking:

Big Truck Orders Jump 91% in April
(DBN)

Banks facilitate truck stops' reopening
(DBN)

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Fraud:

Refco fraud victims to recover $135 mln
(DBN)

Receiver Moves to Distribute $200 Million to Madoff Investors
(DBN)

Madoff trustee seeks documents on Kingate's relationship with FIM
(DBN)

Hecker Auction Draws Hundreds Of Bidders
(DBN)

SEC Says New York Investment Firm GTF Defrauded Investors
(DBN)

Prominent Yale Donor and Former Outside Counsel Charged in $60 Million Fraud
(DBN)

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Video Rentals:

Blockbuster Can't Reduce Debt, Faces Bankruptcy
(DBN)

Clash over cash amount hampers Blockbuster's debt negotiations
(DBN)

Blockbuster shareholder fires another shot
(DBN)

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Mining:

What recession? Mining equipment is sold out until next year
(DBN)

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Directories:

After bankruptcy, $15 million to say 'bye'
(DBN)

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Cross-Border:

Chapter 15 five years out - a Canadian perspective: treatment of cross-border insolvencies in United States courts
(DBN)

Australia's ABC Learning Centres files for Chapter 15
(DBN)

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UK:

Duchess of York Jokes About Newspaper Sting
(DBN)

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EU:

Doubts on European Central Bank Amid Crisis
(DBN)

E.U. Proposes Bank Levy to Pay for Future Crises
(DBN)

Euro Debt Crisis Likely to Be Contained, Bullard Says
(DBN)

US Investors Trim Euro Bank Commercial Paper, Cut Maturities
(DBN)

US Treasury chief to meet German finance minister
(DBN)

Europe's Banks Hoard Cash
(DBN)

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Canada:

RCMP may be investigating Jaffer
(DBN)

Rising household debt threatens recovery
(DBN)

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Greece:

Greece Begins Epic Corruption Clean-Up
(DBN)

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Ireland:

Leading economist predicts Ireland has one-in-four chance of bankruptcy
(DBN)

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Spain:

Bank Of Spain Proposes Raising Provisioning For Bad Debt, Real Estate
(DBN)

Spanish banks strain to borrow abroad
(DBN)

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Italy:

Berlusconi Defends Austerity Cuts, but Strike Looms
(DBN)

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Japan:

Japan's exports jump 40 percent in April
(DBN)

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China:

Trampled in a Land Rush, Chinese Push Back
(DBN)

The Property Price Guessing Game
(DBN)

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