May 6, 2010

The Daily Bankruptcy News

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Law:

Goldman Sachs Seeks Dismissal of Suit by Investor Alleging Bad Madoff Advice
(DBN)

High-profile Paul Weiss partner set to join Goldman defense team
(DBN)

Sen. Specter Has Lawyers (and the Stoneridge Case) In His Crosshairs
(DBN)

Will the Financial Reform Bill Include An Aiding and Abetting Liability Provision?
(DBN)

Sidley Lawyer Defends Lehman-Barclays Sale
(DBN)

THE AM LAW 100 2010: Profits Per Partner
(DBN)

Peer Monitor Index for Q1, 2010 Cost Cutting Continues, Demand Remains Flat, and Rates Are Under Pressure
(DBN)

Oil Spill Lawsuits Spreading Fast
(DBN)

Were the ‘Good Old Days’ of BigLaw Better?
(DBN)

Music City Lawyers Moan a Mournful Melody
(DBN)

Nashville Legal Community Struggles to Cope With Flooding
(DBN)

Foley Boosts Insurance & Reinsurance Practice With 7-Lawyer Lovells Group
(DBN)

White & Williams Acquires 10 Edwards Angell Lawyers for ‘Booming’ D&O Work
(DBN)

7th Circuit Warns of Dangers of Computers and Tequila, But Gives E-Filer a Pass
(DBN)

It's Still Tough Times for Wouldbe BigLaw Associates
(DBN)

CC loses ground to UK rivals in US growth stakes
(DBN)

The Golden Trough
(DBN)

Top firms continue to churn out salaried partners as equity tightens
(DBN)

Reducing Price and Cost - The REAL Exercise
(DBN)

Lawyer says capping his team's fees at $50 million would derail $3 billion settlement
(DBN)

The Deferred: We come to praise law firms, not bury them
(DBN)

Blank Rome: Indefinite Deferral Isn't A Subtle Signal
(DBN)

Is Anyone Desperate Enough to Do This?
(DBN)

Judge OKs Firm's Suit Over Former Associate's 'Gripe Site'
(DBN)

Bad News for Laid-Off Associates: BigLaw Is Shunning You, Recruiter Says
(DBN)

Study Finds Experience ‘Sweet Spot’ for Associates Jumping to Corporate Jobs
(DBN)

That Over-70 Age Discrimination Lawsuit: EEOC Doesn't Take Prisoners
(DBN)

More NY Lawyers Boycott Phoenix Meeting
(DBN)

Don't Like the Arizona Immigration Law? Whom Should You Boycott?
(DBN)

Arizona Cities Join the Attack on Immigration Law
(DBN)

Don't boycott Arizona, ex-Justice O'Connor says
(DBN)

Hawker of Princess Di Plates Drags National Firm Back to Court
(DBN)

Embarrassing Depo Wins Conn. Sect’y of State the Right to Run for AG Job
(DBN)

Raid on Skadden Pays Off for BigLaw Rival
(DBN)

National Firms Ink New NY Office Deals
(DBN)

Lawyer Tells Sentencing Judge He Didn't Know Tax-Lien Deal Was Illegal
(DBN)

Gay BigLaw Associate, Other Panelists Advise Law Students on Coming Out at Work
(DBN)

Law Dean Boycotts US News Rankings
(DBN)

Best Law Firm Ads Ever
(DBN)

"The Good Wife" - Will Alicia or Carey win the "contest"
(DBN)

Comedian Wins Defamation Suit Over Mother-in-Law Jokes
(DBN)

Lawyer rejected for Pa. bar in 1847 admitted
(DBN)

What Is It Like to be a Cop?
(DBN)

Cops disarm 'gunman,' spoil movie shoot
(DBN)

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Judges:

A fair judge - Hundreds honor retiring bankruptcy jurist
(DBN)

Justice Stevens: To Life, To Life, L’Chaim
(DBN)

High Court short-listers' Job No. 1: Don't mess up
(DBN)

Justice Stevens: push for nominees' views improper
(DBN)

Stevens' spirit looms large as Obama ponders pick
(DBN)

Will Robert Downey Jr. Play Her in the Movie?: Sonia Sotomayor Gets the Comic Book Treatment
(DBN)

Delaware Superior Court Establishes Special Business Court
(DBN)

To replace John Paul Stevens, an atheist
(DBN)

Obama wants a consensus-building justice
(DBN)

Garland Has More Assets than Others on Shorter Supreme Court Short List
(DBN)

Ten reasons Obama might appoint Diane Wood
(DBN)

High Court Long Shot Has a Reputation for Persuasion
(DBN)

Judge jails woman for racy t-shirt worn in courtroom
(DBN)

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Wall Street:

Stock Index Futures Point to Higher Wall St Open
(DBN)

Stocks Slide Worldwide, Erasing 2010 Gain
(DBN)

US Stocks Fall as Disney, GE Slump Amid Concern About Europe
(DBN)

US Stocks Resume Decline as Greek Concern Outweighs Economy
(DBN)

Asian stocks react to news from Europe with jitters
(DBN)

NYSE Imposes First “Hard Close” Penalty—On Goldman
(DBN)

Why Investors Should Care About the Greek Crisis
(DBN)

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Layoffs:

New report shows the agony of long-term unemployment
(DBN)

Job reports paint a brighter picture
(DBN)

Nationwide Insurance to Hire 1,400
(DBN)

Private sector adds jobs for 3 months: ADP
(DBN)

Rosengren Says Economy Is Years From Full Employment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Lehman:

Lehman Trustee Didn't Grasp Letter He Charged $12600 to Review
(DBN)

Lehman Brothers Judge Tells Swedbank to Release Funds
(DBN)

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Magazines:

Washington Post Co. to Sell Newsweek
(DBN)

Why Is Time Magazine Still Profitable While Newsweek Is Toast?
(DBN)

Don Graham: We're Open to Any Good Buyer
(DBN)

Is Newsweek Toast?
(DBN)

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Corporate Reform:

Why Jamie Dimon is Afraid of Debating Elizabeth Warren
(DBN)

SEC Didn't Act After Spotting Wall Street Risks, Documents Show
(DBN)

Deal reached to drop $50 bln bank fund from reform
(DBN)

Taking down a failing financial firm: Who pays?
(DBN)

2 Votes Break Logjam on Financial Overhaul Bill
(DBN)

Changes In Agreement
(DBN)

Death of 'Bailout Fund' Renders Resolution Authority Toothless
(DBN)

Senate set to vote on 'orderly liquidation' system, a key Wall Street reform
(DBN)

FDIC backs Dodd-Shelby agreement on ending bailouts
(DBN)

Bair on the Derivatives Spin Off Rule: 'Not a Good Idea'
(DBN)

What's missing from Wall Street reform
(DBN)

Expert: Financial Bill Has Huge Loophole
(DBN)

Fed's Plosser Says Dodd Bill Would Encourage Bailouts
(DBN)

Plosser Urges Senate to Keep Fed Banking Oversight
(DBN)

JPMorgan Chase Memo Sneers At 'Ignorant' Senators, 'Time For The Grownups To Step In'
(DBN)

Grownups
(DBN)

Senate Finally Ready To Move On Democrats Financial Reform Plan
(DBN)

Ex-Bear Stearns CEO defends conduct of firm
(DBN)

Former SEC chairman to be grilled on failure to regulate Bear and Lehman
(DBN)

Cayne Says He Believes Something 'Untoward' Happened to Bear
(DBN)

Ace Greenberg Warned Jimmy Cayne About Liquidity Problems, ‘Knew That He’d Been Smoking Pot for Years’
(DBN)

Bear Stearns Execs Blame Outsiders For Firm's Failure
(DBN)

Bear Stearns' Cayne concedes leverage was too high
(DBN)

Scrappy cigar-smoker personified his bank
(DBN)

Ex-Bear Stearns Chief Splits With Wall Street, Endorses Regulating Derivatives
(DBN)

6 simple steps to really fix Wall Street
(DBN)

Gross Disagrees With Buffett; Finds Ratings Agencies 'Nonsensical'
(DBN)

U.S. Top Cop: SEC May Not Delay Civil Cases
(DBN)

Orthodontists brace against bank reform :)
(DBN)

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Ratings Agencies:

Gross Says Dismiss Bond Ratings on Common Sense
(DBN)

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Food/Drink:

Mayfair wants more to say about Quality bankruptcy
(DBN)

Planet Organic Files for Bankruptcy Protection
(DBN)

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Religion:

Bankruptcy judge tells pastor he needs a lawyer
(DBN)

Cardinal Can’t Quote Scripture or His Own Archdiocese Policy on Pedophile Priests
(DBN)

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Newspapers:

Oklahoman announces 57 layoffs, some in newsroom
(DBN)

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Aviation:

United, Continental non-negotiable items were Chicago headquarters, Smisek to lead company
(DBN)

Airline Mergers Aren't Storybook Romances
(DBN)

Who Is the 'Ugly Girl' Among Airlines?
(DBN)

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Credit Cards:

Senators Take Aim at $40B in Credit Card Fees
(DBN)

Card Charge-Off Rates 'At Or Near A Peak': Moody's
(DBN)

Vermont Lawmakers Crack Down on Credit Card Fees
(DBN)

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Economy:

Senators Seek to Force Fed Disclosure of Borrowers
(DBN)

Fear index hits 3-month highs
(DBN)

Batten down the hatches for decade of austerity
(DBN)

How Congress Played Both Ends During the Financial Crisis
(DBN)

Feds $2.3 Trillion Garage Sale
(DBN)

Fed's Rosengren defends low-rate stance
(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:

Was It Really a Bubble?
(DBN)

Freddie Mac Seeks Billions More After Big Loss
(DBN)

Mortgage Applications Spike Ahead of Tax Credit Deadline
(DBN)

Home Builder Pulte Fails to Meet Expectations
(DBN)

Builder Wants State to Probe MGM Mirage Nonpayment
(DBN)

Proposed Fannie Mae Overhaul Could Result In Increased Mortgage Costs
(DBN)

DLA Piper 2010 State of the Market Survey Unveils Improved 12-Month Outlook but CMBS Concerns Loom
(DBN)

Chicago apartments: 125 foreclosures a week
(DBN)

Flipper Victims Sue Developer: Should Others Be Worried?
(DBN)

Jumbo Loans Get Cheaper, But It's Still Tough to Qualify
(DBN)

Portland sees trend of 'zombie buildings'
(DBN)

Latest in Saga of Flawed Las Vegas Luxury Project
(DBN)

Moody’s Downgrades $13bn of Subprime RMBS
(DBN)

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Banking:

Is the WaMu Bankruptcy Finally On Its Way Out?
(DBN)

Banks Surprise with Debt Trading Profits
(DBN)

Geithner Says Can't Take All Risks out of Banking
(DBN)

Troubled Bank Sales: FDIC’s Surprisingly Shifting Tides
(DBN)

AmTrust's former parent should have sold assets to keep bank from failing, FDIC says
(DBN)

St. Paul's Croatian Credit Union is shut down
(DBN)

Bids sought for ShoreBank, Midwest Bank
(DBN)

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Sovereigns:

Greece doubts fuel nerves over sovereign debts
(DBN)

It's Not About Greece Anymore
(DBN)

Inflation: The Obvious Endgame To Sovereign Insolvency
(DBN)

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Tourism:

As Cancellations Mount, Gulf Coast Resorts Fear a Lost Summer
(DBN)

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Oil/Gas:

NorthernStar to seek bankruptcy protection
(DBN)

Endless process defeats LNG
(DBN)

Bankruptcy, local pushback dooms Ore. LNG port
(DBN)

Oil Spill Disclosures Spreading
(DBN)

Oil spill costs mount for US economy, companies
(DBN)

Deepwater Horizon oil spill: Obama attempts to limit political fallout
(DBN)

Insurance industry braces for liability hit from oil spill
(DBN)

The Cost & Effects Of The BP Oil Spill
(DBN)

What will BP really pay?
(DBN)

Moody's Says Gulf Spill Pressures BP Credit Rating
(DBN)

Political resistance to new oil drilling increases
(DBN)

BP ups spill estimate sharply in worst-case confab
(DBN)

BP sends $100M to Gulf states to get them ready
(DBN)

Unpredictable Current Is Wild Card in Gulf Disaster Scenarios
(DBN)

Oil from Gulf of Mexico spill presents no immediate harm to public: experts
(DBN)

White House backs lifting liability limit for oil spills
(DBN)

Obama biggest recipient of BP cash
(DBN)

Are More Oil Spills Inevitable?
(DBN)

Giant box being loaded on barge, headed for Gulf
(DBN)

A Toxic Fix to a Toxic Problem
(DBN)

NOAA: 1 of 3 Gulf well leaks halted but oil flow same
(DBN)

Gulf oil spill could 'devastate' South Florida's environment
(DBN)

Oil Spill Could Further Paralyze Florida Economy
(DBN)

Florida opens hot line for businesses hurt by Gulf oil spill
(DBN)

Oil spill puts Gulf Coast tourism in limbo
(DBN)

Seafood retailers fearful of backlash
(DBN)

Miss. governor: No need to panic about oil slick
(DBN)

Gulf Coast May Be Permanently Changed by Oil Spill
(DBN)

Oil falls below $80 on Greece, rising stocks
(DBN)

Transocean Profit Declines for Fifth Quarter
(DBN)

Gulf Rig Owner Sees Financial Hit, More Lawsuits
(DBN)

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Telecoms:

FairPoint Bankruptcy Hearings Open in Maine
(DBN)

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Health Care:

Hospital to be sold, SRHS declares bankruptcy
(DBN)

WellPoint rates face new scrutiny from state and federal officials
(DBN)

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Baseball:

The Good, the Bad, and the Ugly of MLB Seizing the Rangers
(DBN)

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Celebs:

Judge recalls bench warrant for Bergstein
(DBN)

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Mining:

Grupo Mexico sees growth in US miner Asarco
(DBN)

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Credit Counseling:

More consumers are unhappy with debt settlement companies
(DBN)

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Gambling:

Station Casinos Auction Approval Delayed by Judge
(DBN)

Lawyers question Station officials, try to show reorganization plan unfair
(DBN)

Station Casino name could disappear
(DBN)

Hourly Employees from Station Casinos Attend the Company’s Bankruptcy Proceedings for the First Time
(DBN)

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

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Hotels:

Hotel Profits Decline Record 35.4 Percent According to PKF Report
(DBN)

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Resorts:

Yellowstone Club Founder To Sue Over Controversial Loan
(DBN)

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Compensation:

Feinberg Said to Review $500,000-Plus Pay Packages at 150 Firms
(DBN)

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AIG:

AIG: Financial Winners & Losers
(DBN)

How the Prudential dream turned sour
(DBN)

Prudential Faces Large Break Fees If AIG Deal Runs Aground
(DBN)

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Finance:

C&I Lending to Stay in Doldrums
(DBN)

Providing Loans Based on Cash Flow, Not Credit Score
(DBN)

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Education:

For-Profit College to Stop Recruiting in Homeless Shelters
(DBN)

How Wall Street and a new breed of for-profit universities are transforming the way we think about college in America.
(DBN)

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Fraud:

Fitch revises Goldman Sachs rating outlook to negative
(DBN)

Goldman Sachs's Blankfein Reassures Private Wealth Clients
(DBN)

Lloyd Blankfein Is Just Glad That This Crisis Was Able To Bring Him Closer To His Clients
(DBN)

Live Blogging a Goldman Client Conference Call
(DBN)

Lloyd Wants You to Brag About Being a Goldman Client
(DBN)

Goldman boss admits handling of conflicts can be 'a little off'
(DBN)

How Long Will Lloyd Blankfein Last?
(DBN)

Blankfein: Goldman must recognize doubters
(DBN)

Goldman Should Explain Selling Crap
(DBN)

Blodget: Blankfein Is Toast
(DBN)

Fraud-Tarred Finance Firms' Trail May Mean Blankfein Keeps Job
(DBN)

Who Could Replace Goldman's Blankfein?
(DBN)

Hank Paulson- Goldman Reunion
(DBN)

It is Official: Fab Tourre is in Trouble With SEC
(DBN)

Oregon Congressman Calls Goldman Sachs "Gambling Addicts" On House Floor
(DBN)

'It's a Lot Like Fantasy Football': DeFazio on Goldman Sachs
(DBN)

Former Dallas Investment Advisor To Plead Guilty in Fraud Case
(DBN)

SpongeBob Bath Toymaker’s Officers Accused of Fraud
(DBN)

Refund sought for disgraced Florida lawyer's donation to California's Prop. 11 campaign
(DBN)

$10 Million Ponzi Claim in Upstate N.Y.
(DBN)

Bank Abetted $35M Ponzi, Investors Say
(DBN)

_____________

Health Care:

Jackson Health System payment process shaky
(DBN)

______________

Paper:

AbitibiBowater shares dive on bankruptcy plan
(DBN)

______________

Pensions:

1300 Meridian Automotive retirees take pension hit
(DBN)

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New Bankruptcy Opinions
(2 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:

Bankruptcy filings in Hawaii continues to grow
(DBN)

Western States Lead in Personal Bankruptcies
(DBN)

Jacksonville-area bankruptcies hit a record high: And lawyers say the numbers will worsen before they get better.
(DBN)

Bankruptcy Filings Drop in April
(DBN)

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Bankruptcy Reform:

Durbin Considers Cramdown-Related Amendment As Part Of Wall Street Reform
(DBN)

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Bankruptcy Theater:

Enron play flops in US as art imitates life
(DBN)

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Trade Claims:

Do Hybrid Claims Qualify for Section 503(b)(9) Administrative Expense Treatment?
(DBN)

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Bankruptcy Compensation:

Unlucky 13?
(DBN)

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Times Square Bomber:

A Suspect Pressed by Finances
(DBN)

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Mass Torts:

CSX: U.S. SC helped fraud case against attorneys
(DBN)

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Examiners:

WaMu shareholders lose request for examiner
(DBN)

Visteon trustee supports examiner to probe plan
(DBN)

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Litigation:

Discontent Over Civil Litigation Creates Backdrop for Judicial Conference
(DBN)

E-Discovery at Issue in Case Involving Anna Nicole Smith's Mom
(DBN)

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Municipalities:

Former L.A. mayor Riordan warns of city bankruptcy risk, says labor costs must be slashed
(DBN)

Riordan's budget warning
(DBN)

Sacred cows in California get overdue critical eye
(DBN)

Six California underwriters pressed again on CDS
(DBN)

Caltrain choices: electrification or insolvency
(DBN)

Oakland Is About To Go Bust
(DBN)

Economic losses in billions seen in Nashville flooding
(DBN)

States Facing $90 Billion in Budget Shortfalls
(DBN)

______________

Autos:

In Fight Over Toyota Suits, Plaintiffs’ Lawyers Pull Out All the Stops
(DBN)

GM Replaces Marketing Chief Docherty After Two Months
(DBN)

GM Scores A Marketing Coup
(DBN)

GM recalls about 160,000 Hummer H3s
(DBN)

Chrysler Stops the Bleeding, Now Comes the Tough Part
(DBN)

Michigan auto supplier abandons pension plans
(DBN)

Chrysler Cuts Dealer Arbitration Count; Hearings Intensify
(DBN)

Chrysler adds 0% loan incentives, sweetens rebates on most models
(DBN)

PBGC Protects Meridian Automotive Systems Pension Plans
(DBN)

Trustee in Hecker bankruptcy case is loaded for bear
(DBN)

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Accounting:

Crisis panel to probe window-dressing at banks
(DBN)

______________

Payday Lending:

Storm Clouds Brewing for Payday Lenders
(DBN)

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Retailing:

Brookfield says its General Growth plan best bet
(DBN)

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Derivatives:

How Derivatives Lost the Game
(DBN)

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Default Dividends:

Recovering From Corporate Default May Not Be Too Hard
(DBN)

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UK:

Insolvency profession grinds through new rules
(DBN)

Tips when facing up to insolvency
(DBN)

UK budget deficit 'to surpass Greece's as worst in EU'
(DBN)

UK Is 'Safe Haven' as Greek Debt Crisis Spreads, Bootle Says
(DBN)

U.K. Banks’ CDO Marketing Comes Under FSA Scrutiny
(DBN)

The IP will see you now
(DBN)

______________

EU:

Euro zone warned of contagion; 3 dead in Greece
(DBN)

Euro plunges as Club Med debt fears spread
(DBN)

What It Looks Like When The Market Gives Up On A Currency
(DBN)

As Markets Slip, Worries about Borrowing in Europe
(DBN)

Delaying the Inevitable?
(DBN)

Bold Stroke May Be Beyond Europe's Means
(DBN)

Is Europe facing a 'Bear Stearns' moment?
(DBN)

Eurozone Contagion: Seven Reasons Markets Doubt the Bailout
(DBN)

Euro In Downward Spiral Amid Raging Greek Protests
(DBN)

Moody's warns of 'contagion' risk for banks
(DBN)

Past EU/IMF bailouts show risks
(DBN)

Many possible triggers for wider euro debt crisis
(DBN)

Are Europe's leaders losing control of the debt crisis?
(DBN)

A bail-out for Greece is just the beginning
(DBN)

Dollar rises on European debt fears
(DBN)

Stocks, Euro Tumble on Debt Concern; S&P 500 Losses Limited
(DBN)

Don't gloat over deaths in Greece
(DBN)

Help Portugal Help Greece
(DBN)

Portugal's Borrowing Costs Surge at Bill Auction
(DBN)

Uh oh. Spanish Spreads vs. Germany Nearing Highs
(DBN)

Gloom Spreads as Europe's Debt Crisis Deepens
(DBN)

Watch Greece but don't forget America
(DBN)

We must all take our Greek medicine
(DBN)

Weber Says Greek Crisis Doesn't Justify Every Tool
(DBN)

FDIC's Bair: Doesn't See Greece Crisis Greatly Affecting US Banks
(DBN)

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Canada:

Loonie swoons following Greek economic fallout
(DBN)

Private health clinic bankruptcy case continues
(DBN)

Alberta bankruptcy stats up a bit year-over-year
(DBN)

Ontario Securities Regulator Taking 'Steps' on Goldman Sachs
(DBN)

Shaw buys Goldman's stake in Canwest
(DBN)

_____________

Greece:

3 dead as anti-austerity riots erupt in Athens
(DBN)

Video of Protests in Greece
(DBN)

Intense public anger in Greece as parliament considers cuts
(DBN)

Greece to back austerity, anxious markets eye ECB
(DBN)

Greek End Game
(DBN)

Greece and the myth of the easy economic fix
(DBN)

Greece Paralyzed by Violence
(DBN)

Greek Unrest Raises Fears About Impact on Bailout
(DBN)
d

Greek President: Violence-hit nation on 'edge of abyss'
(DBN)

Sad Outlier
(DBN)

Can Greece cut its deficit by 11 points by 2014?
(DBN)

No tea parties in Athens
(DBN)

Greek public sector union to strike again next week
(DBN)

Greek Debt Crisis Gives Big Banks a Chance to Be the Heroes
(DBN)

Photos: War On The Streets Of Athens
(DBN)

Greek Riots Threaten to Scare Tourists Key to Economy
(DBN)

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Portugal:

Moody's says very likely to downgrade Portugal
(DBN)

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India:

Indian companies feel the wrath of the World Bank
(DBN)

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Chile:

Chile Economy Shrank Most Since 1996 After Earthquake
(DBN)

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Germany:

Germany's Asmussen Says 'Orderly Defaults' a 'Far Off' Option
(DBN)

German Banks 'Will Emerge Unscathed' from Greek Bailout
(DBN)

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Japan:

Commercial RE Files For Bankruptcy Protection; Debt Y15B
(DBN)

Kenedix Falls 7.9% in Tokyo Trading after Commercial RE Failure
(DBN)

______________

Middle East:

Middle East’s Tefron Survives Triple Jeopardy
(DBN)

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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).