May 5, 2010

The Daily Bankruptcy News

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Law:

US trustee objects to fee claims in Extended Stay bankruptcy
(DBN)

Bankruptcy Fees
(DBN)

The New York Times on Chapter 11 Fees
(DBN)

The Bankruptcy Files: Aluminum, Concrete, and Construction
(DBN)

Goldman Sachs Reveals Slew of Shareholder Suits
(DBN)

Goldman Continues Building All-Star Defense Team
(DBN)

'Deal With It!' ACC's Top Lawyer Says New Pay Practices Are On the Way
(DBN)

Flexible But Smart: Mid-Sized Firms Bend to Clients' Wishes on Billing
(DBN)

Orrick Fires Back in Thornburg Fraud Suit
(DBN)

Orrick Nixes Potential Merger With UK’s 600-Lawyer SJ Berwin
(DBN)

Law Firm Merger Mania? Townsend and Kilpatrick Might Be in Talks
(DBN)

120-Lawyer N.J. Firm Opens New Office in Ft. Worth, Texas
(DBN)

Are Some Partners Employees? And Can They Sue As Such?
(DBN

EEOC Moves to Strike Portions of Kelley Drye's Defense in Age Discrimination Suit
(DBN)

The Coming Debate Over Defining "Quality"
(DBN)

Manatt Phelps Is Back on Hot Seat in Big Bucks Malicious Prosecution Suit
(DBN)

Malpractice Cases Keep New Firm Busy; ‘We Even Have a Case Against a Psychic’
(DBN)

Ethics Opinion Says Lawyers May Ghostwrite Court Papers and Not Disclose It
(DBN)

Report: Congress makes too many vague laws
(DBN)

Would-Be Law Student Sets Up Paypal Account, Asks for Tuition Donations
(DBN)

Lesson No. 1: Know Your Own Billing Rates
(DBN)

At Harvard, Intellectualism is the New Hood to Hide Behind
(DBN)

Too Much Green Wave? Louisiana Strikes Back at Law-School Clinics
(DBN)

Law School Students Don’t Like Undergrads in the Duke Law Library
(DBN)

Non-traditional Student Tackles, Excels at Law School
(DBN)

Lawyers Using Law Firms as Launching Pads, Study Shows
(DBN)

ABA Feeling Heat Over Not Canceling Upcoming Meeting in Arizona
(DBN)

Twin Who Stands In for Delayed Defendant Brother Gets 179-Day Contempt Term
(DBN)

He Wrote the Book on Legal Thrillers: A Q&A with Scott Turow
(DBN)

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Judges:

Signs Pointing to Kagan for Scotus Seat
(DBN)

Judicial Hotness
(DBN)

Judges make law
(DBN)

Recent high court cases revive debate on judicial activism
(DBN)

Obama Interviews 7th Circuit Judge Diane Wood for Potential Supreme Court Nod
(DBN)

Judicial Supremacy and the Constitution
(DBN)

A Supreme Court without Protestants?
(DBN)

Sotomayor Stars in New Comic Book
(DBN)

Stevens Talks Cubs, Pulls ‘Rank’ and Gives Kagan Top Billing at 7th Circuit Dinner
(DBN)

Judicial Sight-ations: Justice Stevens, and Several Potential Successors, in Chicago
(DBN)

Conflict Questions Arise Over Claims Judge Had Affair With Public Defender
(DBN)

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Wall Street:

Anxiety Returns to Markets Over Prospects for Europe
(DBN)

Wall Street Indexes Close Down More Than 2%
(DBN)

Stocks pummeled on debt worries
(DBN)

Shorting Profits Fade as Bets Against Banks Backfire
(DBN)

Bear Stearns execs say firm's collapse unavoidable
(DBN)

Cactus Raazi Was Short the Housing and Print-Journalism Markets
(DBN)

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Layoffs:

UBS Plans 'Hundreds' of Hires at Securities Unit
(DBN)

As airlines embrace, workers brace for job losses
(DBN)

80% of School Districts to Cut Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Drink:

U.S. diners plan to cut restaurant meals spending
(DBN)

A murky picture as seafood industry eyes oil slick
(DBN)

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Rating Agencies:

Credit rating agencies under intense scrutiny in Europe
(DBN)

Calpers Suit Against Ratings Services Can Proceed
(DBN)

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Celebs:

Ramsay sued over wine bill
(DBN)

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Fraud:

Goldman plans settlement talks with SEC-Gasparino
(DBN)

Goldman Sachs hit by slew of lawsuits
(DBN)

Debate Flares on Goldman's Role as Market Maker
(DBN)

Goldman Lawsuits Claim Breach Of Fiduciary Duty, Corporate Waste, Abuse Of Control, Mismanagement & Unjust Enrichment
(DBN)

Goldman could use independent chairman right now
(DBN)

4 ways to tell if Lloyd Blankfein will exit Goldman Sachs
(DBN)

If More Businesses Operated Like Goldman Sachs
(DBN)

What Buffett Didn't Tell Goldman's CEO
(DBN)

It's a First: Goldman's CDS Spreads Trump Morgan Stanley's
(DBN)

Why a Criminal Case Against Goldman Sachs Matters and Why Charges Could Stick
(DBN)

Who is to blame in Goldman deal?
(DBN)

Goldman Not Ready to Stop Trading Against Clients
(DBN)

Goldman Turns to New Lobbying Playbook for Washington
(DBN)

Goldman fined on 'nakeds'
(DBN)

Goldman's no-name defense
(DBN)

Madoff investor's estate set to pay $2bn to victims of Ponzi fraud
(DBN)

Former TVI Corp. executives plead guilty to fraud
(DBN)

Mortgage fraud Ponzi schemer gets 25 years in prison
(DBN)

Galleon Probers Looked for Bear, Deutsche Bank Names
(DBN)

Kerviel says bosses knew
(DBN)

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Aviation:

Airlines may merge, but the troubles stay the same
(DBN)

Let's Drop Together: Continental and United Shares Fall 12%
(DBN)

UAL execs hit jackpot
(DBN)

Birthday Call to United Chief Led to Air Merger in Three Weeks
(DBN)

Weighing United-Continental merger's impact on US Airways
(DBN)

Continental and United: A consumer view
(DBN)

Continental, UAL merger may face some turbulence
(DBN)

United, Continental May Win Support by Ceding Flights
(DBN)

CEO: United-Continental Deal Won't Mean Fare Hikes
(DBN)

The Skinny on United-Continental
(DBN)

Clear Plans Return To Airport Security Lines
(DBN)

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Health Care:

Beth Israel To Take Over St. Vincent's Cancer Center
(DBN)

Hep C Trial Lawyers Demand $8.5M Damages
(DBN)

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Economy:

Factory orders strengthen, home sales contracts up
(DBN)

Nouriel Roubini: forget sub-prime mortgages. It's the sub-prime financial system we need to fix
(DBN)

Conventional wisdom on consumer recession spending is bunk
(DBN)

Can the Fed unload the $2.3 trillion in assets it acquired during the meltdown without crashing Wall Street again?
(DBN)

Geithner: Banks should bear bailout burden
(DBN)

Financial Overhaul? Taxpayers Still on Hook
(DBN)

Proposed bank tax wouldn't crimp lending: Geithner
(DBN)

US 30-Year Yields Touch Lowest This Year on Europe Concern
(DBN)

The Forever Too-Big-to-Fail War
(DBN)

GOP calls Democrat Barbara Boxer’s bailout amendment a ‘cover vote’
(DBN)

JPMorgan Still Hates The Economy
(DBN)

NACM's Credit Managers'' Index Economic Report for April 2010
(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:

Pending home sales at five-month high, orders jump
(DBN)

NAR: Tax-credit expiration to steal wind from real estate sales
(DBN)

Disorganization at Banks Causing Mistaken Foreclosures
(DBN)

S&P raises Beazer Homes rating to 'B-'
(DBN)

Pulte posts narrower quarterly loss
(DBN)

Orleans Homebuilders may not sell
(DBN)

Partners Say Trump Was Desperate to Derail $1.8 Billion Real Estate Deal
(DBN)

S&P, Experian Join Forces for New Mortgage Default Indices
(DBN)

1Q Bank Results: Potential for CRE Armageddon Fading
(DBN)

Commercial Mortgage Delinquency Soars to Historic High
(DBN)

Times Square bomb suspect arrested trying to flee country...Was In Foreclosure
(DBN)

San Francisco law firm seeks dismissal of Thornburg lawsuit
(DBN)

As Geithner Pushes Bank Tax, Outsourcers Look to Ease the Pressure
(DBN)

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Insurance:

Bankruptcy and D&O Insurance
(DBN)

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Oil/Gas:

BP told to stop circulating settlement agreements
(DBN)

Judge Enjoins BP's 'Unconscionable' Contract With Fishermen-Volunteers
(DBN)

Washington to keep 'boot on the throat' of BP over oil spill
(DBN)

Claims or Court? The Choice Facing the BP Oil Spill Victims
(DBN)

Gulf of Mexico oil spill poses new problems for hotels, tourism
(DBN)

BP: Stopping Oil Spill Will Take Months
(DBN)

W.H.: BP may avoid some costs
(DBN)

Oil rig insurance claims may top $1Be
(DBN)

BP, Transocean lawsuits surge as oil spill spreads
(DBN)

Why BP should pay spill's full cost
(DBN)

CDS On Halliburton, Transocean Widen On Oil Slick
(DBN)

Oil slick brings boom to the boom business
(DBN)

BP Chief Claims Oil Spill 'Wasn't Our Accident'
(DBN)

BP Chief: We'll get loads of illegitimate claims - this is America
(DBN)

Higher Gas, Seafood Prices Likely from Spill
(DBN)

Gulf Oil Spill Is Bad, but How Bad?
(DBN)

The Worst Oil Spills
(DBN)

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Gambling:

Boyd Gaming posts $8.4 million profit in first quarter
(DBN)

Casino operator interested in buying some of Station's smaller properties
(DBN)

Station Casinos Auction Approval Delayed by Bankruptcy Judge
(DBN)

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Retailing:

General Growth explains why it sticks with Brookfield
(DBN)

General Growth said to consider buyout offer
(DBN)

Malls for sale. But are they too cheap?
(DBN)

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Student Debt:

Answers About Student Loans: Part 1
(DBN)

Sallie Mae lowers interest rates on non-federal student loans
(DBN)

Who borrows most for college? New report
(DBN)

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Newspapers:

Despite Bankruptcy , Dan's Papers is 'Here to Stay'
(DBN)

Dynasty to bankruptcy
(DBN)

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Lehman:

Barclays Got No 'Secret' Discount on Lehman Deal
(DBN)

Barclays Had Right to Walk Away From Lehman Deal, Lawyer Says
(DBN)

Lehman Gets Tough On Claims
(DBN)

Bankrupt Lehman Brothers Paid $500K to Prepare Dick Fuld for Congress
(DBN)

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Telecoms:

Court approval of plan critical to Fairpoint's reorganization
(DBN)

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Baseball:

Bud Selig a huge ally in Texas Rangers' sale effort
(DBN)

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Payday Lending:

The Road To Perdition
(DBN)

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Disclosure:

It’s Never Too Late to Deal with Unscheduled Assets
(DBN)

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Tax:

DOJ: You Bet Your A$ We’re Going After More Offshore Tax Evaders
(DBN)

The creepy “we know where you live” tax amnesty ad
(DBN)

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Banking:

Bank Failures: A State-by-State Affair
(DBN)

Warren: Reform Would Even Field for Small Banks
(DBN)

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Accounting:

In More Accounting Firm-Terrorism Related News, Some Taxi Driver Really Had It Out for Deloitte
(DBN)

REMEC Court Decision Could Expose Companies to More Accounting Fraud Litigation
(DBN)

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Avoidance Actions:

Remedying Law’s Failures to Remedy Fraudulent Transfers in Leveraged Buyouts
(DBN)

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Retailing:

Simon Property Doubles Bid for General Growth
(DBN)

General Growth postpones key hearing to May 7
(DBN)

Zale Corp Attracts Bears…Again
(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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Bankruptcy Statistics:

US Bankruptcy Filings Fell 4% in April From March
(DBN)

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Bankruptcy Humor:

The Colbert Report Season 6 Episode 61: ‘Elizabeth Warren’
(DBN)

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Examiners:

WaMu, creditors fight shareholders over examiner
(DBN)

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Credit Counseling:

FTC Finds Less Than 10% Success Rate In Debt Settlement
(DBN)

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Credit Reporting:

S&P Starts New Credit Scores for Corporations
(DBN)

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Corporate Reform:

Jail Time for Wall St. Crime? Senate Considers It
(DBN)

Key senators strike compromise on finance measure
(DBN)

Community Banks Also Fear Financial Reform
(DBN)

K Street Carve-Outs: Financial Industry Lobbyists Find Gaps In Dodd Bill
(DBN)

JPM wishes the adults were in charge of financial reform
(DBN)

Wall Street Reform, Financial Fraud and Foreclosures
(DBN)

Draft Bill Aims To Protect Consumer Privacy
(DBN)

'Too Big To Fail' Plan Draws Fire In Financial Bill Debate
(DBN)

Corker hoping Senate votes soon on Dodd-Shelby agreement
(DBN)

Insurers leery of elements in financial services reform
(DBN)

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Small Business:

The Disappearing Small Businesses (Designation) in Bankruptcy
(DBN)

“Small Business” Chapter 11’s – Are They Really Worth It?
(DBN)

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Autos:

Treasury defends plan to make banks pay for auto bailout losses
(DBN)

Group complains to FTC about GM “paid in full” ad
(DBN)

Fiat's grasp falling short of its reach
(DBN)

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Concrete:

U.S. Concrete Receives Court Approval of 'First-Day' Motions
(DBN)

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Theme Parks:

Company makes bid to buy Ghost Town
(DBN)

Judge approves offer to buy Ghost Town in the Sky
(DBN)

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Municipalities:

Assured Guaranty unlikely to be hurt by Harrisburg
(DBN)

Ex LA Mayor Riordan Says City Will Go Bankrupt
(DBN)

Los Angeles on the Brink of Bankruptcy
(WSJ: separate paid subscription required)

CEOs Rank Calif. Worst for Business
(DBN)

California's State Revenues Plunge
(DBN)

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Consumer Debt:

MasterCard Profit Climbs as Consumers Boost Spending
(DBN)

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Trucking:

US trucker YRC posts loss on sharp sales drop
(DBN)

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Debt Collection:

Why the Courts are Currently an ARM Battleground
(DBN)

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Religion:

Mediator named in Delaware Catholic abuse claims
(DBN)

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Private Equity:

Yawn: PE-Backed Bankruptcies Not Even Moving the Radar
(DBN)

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Golf:

Creditor files for foreclosure against Colonial Country Club
(DBN)

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Tech:

Noteholders seek to block Spansion reorganization
(DBN)

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Labor:

Station Casinos reaches settlement in employee wage suit
(DBN)

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UK:

Begbies renegotiates its credit facilities
(DBN)

Hotel insolvencies soar
(DBN)

New head of KPMG global financial services
(DBN)

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EU:

The Euro Trap
(DBN)

EU Could Still Face Bankruptcy
(DBN)

The Honeymoon's Over For European Debtors
(DBN)

Merkel Says She Was Right on Greece, Winning ‘Unthinkable’ Cuts
(DBN)

Euro hits one-year low on Greek debt crisis
(DBN)

German banks, insurers to support Greek bailout
(DBN)

Contagion fears hang over ECB rate meeting
(DBN)

Greek Contagion Spurs Surge in Portugal, Spanish Debt Swaps
(DBN)

Even bears aren't bearish enough on Spain's sovereign debt
(DBN)
fs

German Bund Yield Falls to 15-Month Low on Greek Debt Concern
(DBN)

Merkel links Europe's future to Greek aid plan
(DBN)

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Greece:

Greece's Fund to Provide as Much as 15 Billion Euros For Banks
(DBN)

Wishing Greece Had Never Joined the Euro
(DBN)

Greece’s Stumble Follows a Headlong Rush Into the Euro
(DBN)

What a Sovereign Heart Attack Looks Like
(DBN)

The shock troops of bankruptcy
(DBN)

Greek strikers challenge bailout deal
(DBN)

Greece and Insolvency
(DBN)

Workers Shut Hospitals
(DBN)

Greece to reform pensions as part of bailout agreement
(DBN)

Greece sets one-off tax on 2010 corp. profits
(DBN)

Europe warns Greece: stick to austerity plan or loans stop
(DBN)

Lazard Confirms It Is Advising Greece
(DBN)

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Spain:

Spain Seen as Moving Slowly on Financial Reforms
(DBN)

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China:

Faber: China May 'Crash' in Next 9 to 12 Months
(DBN)

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Argentina:

Argentina eyes legal strategy to force swap holdouts
(DBN)

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