November 4, 2010

The Daily Bankruptcy News

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Law:

Bankruptcy Lawyers' Conduct Was "Textbook Unprofessional," But Judges Don't Throw the Book at Them
(DBN)

NY Firm Chief Says He Fired His Brother for "Abject Laziness"
(DBN)

Winners/Losers: Am Law 200 Alums and the Mid-Term Elections
(DBN)

Why a Better Economy Is Bad News for Some BigLaw Partners
(DBN)

Smaller Firms May Soon See More Laterals, Fewer Young Lawyers
(DBN)

New Scruggs Book Worth a Read, But Not Because Trial Lawyer is Interesting, Review Says
(DBN)

Did Gibson Dunn Miss the Kill Step for Chevron in Ecuador?
(DBN)

Clifford Chance to re-run first round of senior partner election due to voting glitch
(DBN)

Kilpatrick Stockton merging with Townsend and Townsend and Crew
(DBN)

The New In-House Lawyer: Make Us Money, Don't Use Outside Counsel
(DBN)

". . . integrity, diligence, and heart"
(DBN)

Business Case for Work/Life Balance--Really?
(DBN)

Pls Hndle Thx: You Should Have Just Given Her a Foot Massage
(DBN)

Extremely Versatile Crockery
(DBN)

Am Law Tech Survey 2010: A Cloudy Forecast
(DBN)

Clash of Two of US's Most Famous Litigators Ends With Juror Bounced in Billion Dollar Case
(DBN)

Republican Momentum Stalls at State Attorneys General Offices
(DBN)

McCalla Raymer Appoints Susan Reid as General Counsel
(DBN)

Will UK Management Trends Influence US Law Firms?
(DBN)

A Guide for General Counsel Looking to Recruit/Retain Lawyers
(DBN)

Ira Sorkin, Bernie Madoff's Lawyer, Switches Firms
(DBN)

Ally, Porsche, MGM, Terra Firma, Mazda, Madoff in Court News
(DBN)

Class Action Partner Sues Over Price of Delta Airline Ticket Sold to His Wife, Seeks Punitives
(DBN)

Does Every Hour Provide the Same Value?
(DBN)

Chinese law firms are competing with foreign firms for corporate clients on both sides of the Pacific—and beyond.
(DBN)

Law Student Alert: Learn Meditation, but Don't Fail the Bar
(DBN)

Student loan debt growing at a rate of $2,853 per second
(DBN)

Young attorneys discover new skills to help them land work after law school
(DBN)

Will You Help Clothe a Law Student?
(DBN)

Brunei Prince Fights to Keep S-- Statues Out of New York Trial Against Legal Advisors
(DBN)

Mug Shots
(DBN)

Inebriated Mom Has 12-Year-Old Son Drive Home
(DBN)

Man in pig costume protests lawyers
(DBN)

______________

Judges:

Judge Admits Taking Beach House Use as Bribe
(DBN)

Gay Marriage Judges Get Boot in Iowa
(DBN)

Iowa Judges’ Ouster Sends Signal to Bench
(DBN)

Judge Sues Lawyer for Defamation, Says Ethics Complaint E-Mailed to Over 100, Then Wins Re-election
(DBN)

Dinner At A Reduced Rate OK
(DBN)

Election Shakes Up Senate Judiciary Committee
(DBN)

______________

Wall Street:

Stock Futures Rise a Day After Fed Meeting
(DBN)

Stocks Climb to Highest In Two Years
(DBN)

Wall Street Gets Its Groove Back
(DBN)

______________

Layoffs:

Congress' Next Big Issue: How to Handle Jobless '99ers'
(DBN)

ADP: Employers Added 43,000 Jobs in October
(DBN)

Do Employees Still Feel Lucky to Have Jobs?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

S&P cuts Ambac Financial to 'D' on skipped payment
(DBN)

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Hollywood:

MGM files for bankruptcy
(DBN)

Read MGM's Bankruptcy Filing. James Bond Not Included.
(DBN)

Metro-Goldwyn-Mayer files for bankruptcy after creditors strike deal with Carl Icahn
(DBN)

MacGyver Owed $1.2 Million By Bankrupt MGM
(DBN)

MGM anticlimax
(DBN)

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Aquaculture:

Floundering Fish Farm Flops Into Bankruptcy
(DBN)

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Cash Management:

Bank of New York-Mellon Wins Right to Press $312 Million Lien on Sentinel
(DBN)

______________

Health Care:

Marcus & Millichap Handles Bankruptcy Sale of Assisted Living Facility
(DBN)

______________

Retailing:

Loehmann's talks with creditors, weighs bankruptcy
(DBN)

Perfect Storm: Lessons For Distressed Retailers
(DBN)

______________

Debt Collection:

LinkedIn group discusses debt collection
(DBN)

______________

Accounting:

600+ in Grant Thornton Office Move to BDO
(DBN)

Ernst & Young Employee Disappointed with Boston Office’s Party Planning, Lack of Boozehounds
(DBN)

Do Women In Accounting Get the Shaft When It Comes to Pay?
(DBN)

______________

 

 

Economy:

Fed to buy hundreds of billions more in bonds
(DBN)

Fed will spend upward of $1 trillion to buy gov't bonds over next year
(DBN)

Fed’s More Aggressive Move May Not Go Far Enough
(DBN)

Fed's Big Gamble: What Could Go Wrong
(DBN)

A Few Hundred Billion Here, A Few Hundred Billion There . . .
(DBN)

How the Fed’s Move Could Trickle Down to Consumers
(DBN)

Treasury 30-Year Bonds Tumble as Fed Purchases Other Securities
(DBN)

Berner Says 10-Year Bond Yields May Fall to 2.25% After Fed Easing Steps
(DBN)

Bernanke Faces More Congressional Scrutiny After GOP Election Gains
(DBN)

Bernanke's Fed Sets Sail With $600 Billion QE2
(DBN)

Bye, Bye Geithner?
(DBN)

The Lone Dissenter: Thomas Hoenig Hits Seven
(DBN)

Parsing the Fed: How the Statement Changed
(DBN)

Oil Climbs to Highest in Six Months on Fed Stimulus Optimism
(DBN)

Bernanke's Dire Straits: Money From Nothing And Debt For Free
(DBN)

Mad About Debt
(DBN)

Capital turning from UK to US, lured by distressed sales and tax cuts
(DBN)

Manufacturer Orders Rose Briskly in September
(DBN)

U.S. Economy's Service Sector Grew Faster in Oct.
(DBN)

Unemployment Drops in 85 Pct of Metro Areas
(DBN)

Obama signals compromise with GOP on tax cuts
(DBN)

OECD: World Economy Recovery Slowing
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

______________

Real Estate:

FHA-insured mortgages may be under review for foreclosure process
(DBN)

17 new state AGs to take office, may accelerate foreclosure investigation
(DBN)

Freddie Seeks $100 Million After Reporting $4.1 Billion Third-Quarter Loss
(DBN)

Freddie Mac nonperforming assets grow 33% in 3Q, adds $6.8 billion in REO
(DBN)

Freddie Mac Loses $4.1B in 3Q
(DBN)

Housing Recovery Stalled: Freddie CEO
(DBN)

Next House banking panel head: liquidate GSEs
(DBN)

Fannie and Freddie Face Uncertain Future
(DBN)

Nearly half of Freddie Mac mortgage modifications redefault
(DBN)

SunTrust Bank appeals court ruling in Bannerman bankruptcy case
(DBN)

The Predatory Nature of Home Loan Modifications
(DBN)

Could Bank of America put Countrywide into bankruptcy ?
(DBN)

In Commercial Real Estate, Signs of Moderating Pain
(DBN)

Lennar Said to Seek $800 Million in Funding for Distressed Unit
(DBN)

_____________

Autos:

It's Official: The Government Isn't Getting Its Money Back Out of GM
(DBN)

G.M. Confirms U.S. Will Cut Its Stake to 35%
(DBN)

GM Said to Have Disagreed With Treasury Over IPO Price Range
(DBN)

US will want more for rest of GM shares
(DBN)

GM IPO: Have They Got A Deal For You!
(DBN)

GM investors stand to make losses on IPO
(DBN)

Ford October sales up 19%
(DBN)

Motown Gets Momentum With Big Three Rising
(DBN)

Toyota, GM lag as US auto sales gain
(DBN)

General Motors: $45 Billion Tax Break Mandated by Bailout
(DBN)

G.M. Can Use Jets to Promote Stock Sale
(DBN)

______________

Fraud:

Mafia Figure Ratted Out by Crookedest Lawyer Ever Gets 4 Year Sentence
(DBN)

Latin American Investors Sue Over Millions Lost in Madoff Fraud
(DBN)

Berenfeld settles Rothstein suits for $10M
(DBN)

Ponzi on the prairie
(DBN)

Pitfalls for French Doctor in Insider Case
(DBN)

______________

Politics:

Lessons from Elizabeth Warren
(DBN)

Democrats Lost More Seats in Districts With Better Economies
(DBN)

Prosperity Index Reveals Voters' Anger
(DBN)

Republicans Gain Control of At Least 19 Democratic-Held State Legislatures
(DBN)

Obama Takes Blame for Losses, Reaches Out to Republicans
(DBN)

Obama: Election was referendum on the economy, not on his policies
(DBN)

Speaker-to-be vows to repeal Obama healthcare reforms
(DBN)

Democrats can't blame the economy for their massive losses
(DBN)

Parsing the Republican economic agenda
(DBN)

Stalemate seen in Congress on banking and housing
(DBN)

______________

Food/Drink:

Protein Solutions Seeks to Sell 200,000 Pounds of Beef
(DBN)

______________

Distressed Investing:

Due Diligence in Acquiring Distressed Debt
(DBN)

______________

Resorts:

Swiss bankers want to liquidate Tamarack
(DBN)

Yellowstone Club Bankruptcy Reorganization Overturned
(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 Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

MGM, FX Luxury, Innkeepers, Yellowstone, Acorn: Bankruptcy
(DBN)

Emerging markets rejig insolvency measures
(DBN)

______________

Banking:

WaMu Sale Kicked Off by FDIC Call to Jamie Dimon
(DBN)

Goldman Sees $26 Billion Potential Losses At Top U.S. Banks
(DBN)

FDIC Sues Failed Bank's Former Directors and Officers
(DBN)

BNP Paribas Grows to World's No. 1 Bank as France Says Size Doesn't Matter
(DBN)

AmericanWest Bank Parent Seeking Sale of Bank thru Ch. 11
(DBN)

______________

Corporate Reform:

A Scale-Back Is Possible in Financial Overhaul Law
(DBN)

Face-to-Face With Elizabeth Warren: Envisioning a 21st Century Consumer Agency for All Americans
(DBN)

Dick Grasso Says Election May Bring Regulators, Business Closer
(DBN)

______________

Celebs:

Montag, Pratt close to bankruptcy ?
(DBN)

Do Heidi & Spencer Pratt Deserve Bankruptcy Protection?
(DBN)

Quaid in America?: Randy and Wife Are Court No-Shows Again
(DBN)

Wesley Snipes to Argue for New Tax Trial
(DBN)

Celebrity and the threat of bankruptcy
(DBN)

Celebrities in the red
(DBN)

______________

M&A:

With financial institutions looking to move distressed loans off their books, it can be faster to acquire a company by buying its bank debt
(DBN)

______________

Litigation:

Is It Malpractice to Turn ESI Into Bloated Images?
(DBN)

Database Discovery Is Dubious, but Unavoidable
(DBN)

Delaware Bankruptcy Court Sheds Light on The Common Interest Doctrine Preventing The Waiver of Privileged Communications
(DBN)

______________

Bankruptcy Crimes:

Overland Park man sentenced to 10 years for bankruptcy fraud
(DBN)

______________

Tax:

Capitalize Chapter 11 Liabilities in a Sale
(DBN)

Why Washington’s Tax on the Rich Failed
(DBN)

US Sues to Stop Chicago Attorney From Promoting `Abusive' Tax Shelters
(DBN)

______________

Municipalities:

Judicial receiver presents Central Falls a $310000 bill
(DBN)

Municipal Bond Market Isn't Facing Collapse, Wells Fargo Says
(DBN)

______________

Hotels:

Court Investigates Former Hilton Pittsburgh Financing
(DBN)

______________

Chemicals:

Tronox Reaches Settlement With Equity Committee
(DBN)

______________

Consultants:

Impetus Capital Launches Small Business Advisory, Restructuring Firm
(DBN)

MorrisAnderson Honored With "Turnaround of the Year" Award From Atlanta Chapter of the TMA
(DBN)

______________

Private Equity:

Buyout-backed companies weathered storm
(DBN)

______________

Corporate Governance:

Legitimate Protection from Parental Abuse or Just Another Blame Game?
(DBN)

______________

UK:

BNP leader Nick Griffin could lose Euro seat as party faces bankruptcy
(DBN)

Northern Ireland Loses Out as Job Cuts Ambush Prosperity Pledge
(DBN)

Bankruptcies rise fastest among middle-aged women
(DBN)

Bankruptcies set to rise
(DBN)

Warning over 'zombie' businesses
(DBN)

Christie + Co experiences increase in distressed asset sales
(DBN)

Winding Up Petitions - 3 November 2010
(DBN)

Number of 'distressed' pubs, hotels and restaurants keep on rising
(DBN)

“Dig deep, the worst may be yet to come”
(DBN)

______________

Portugal:

Portugal Passes Budget in ‘the Start’ of Deficit Fight
(DBN)

Portugal’s Borrowing Costs Rise
(DBN)

______________

Ireland:

Pressure on Ireland as Investors Dump Bonds
(DBN)

Ireland Faces ‘Messy’ Month on Budget, Goldman Says
(DBN)

______________

Iceland:

Iceland’s Debt Relief Tussle Risks Alienating IMF
(DBN)

______________

Japan:

Too-Big-to-Fail Banks Must Curb Pay, Japan’s Oku Says
(DBN)

______________

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