September 14, 2010

The Daily Bankruptcy News

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Law:

Tribune Trustee Draws the Line at Jones Day
(DBN)

Wilmer, Former Client Spar Over 'Don't Ask' Lawsuit
(DBN)

Brighton takes bankruptcy helm at K&L Gates
(DBN)

Law Firm Bonus Isn't ‘Wages,’ Court Says, If No Set Formula Applies
(DBN)

Planned Law Firm Office Building Sparks Architectural Debate
(DBN)

Finding the Right Hammer: iPads, Laptops and Lawyers
(DBN)

Gender Rather Than Productivity Explains Lower Pay for Women Partners, Study Suggests
(DBN)

Are Flex/Part-Time Options Holding Women Back?
(DBN)

BigLaw: Female Lawyers Just Want to Have Fun But a Good Man Is Hard to Find
(DBN)

Equity partnerships ride out the recession at UK’s top firms
(DBN)

Partner’s Success Advice: Meet a Lot of People and Treat Them Well
(DBN)

Great Expectations? Small Firm Practice v. Biglaw Practice
(DBN)

Ex-BigLaw IP Partners Boomerang Back to Foley & Lardner—with Same Small-Firm Rate Structure
(DBN)

Corporate Changes Recruiting Game: Will BigLaw Follow?
(DBN)

Arbitrator: Crime-Fraud Exception Lets Ex-Toyota Counsel Use Privileged Docs in Whistle-Blow Case
(DBN)

On Rivkin and Casey, The Lawyers Trying to Slay the Health Care Law
(DBN)

Is $75K the Lawyer Happiness Number? Shoes and ‘Life Assessment’ Part of Trade-off
(DBN)

The Quickly Unraveling Clerkship Market
(DBN)

DA Helps Chase and Corner Purse Snatcher
(DBN)

Top County Prosecutor & Executive Assistant Indicted in Political Corruption Case
(DBN)

Duke Law Turns to Craigslist to Fill Key Administrative Role
(DBN)

Ode to an Adjunct Professor
(DBN)

Fed’l Judge Cites ‘Insubordination,’ Says Cooley Had Right to Fire Tenured Law Prof
(DBN)

Yale Law School Going to the Dogs?
(DBN)

Top 70 Law Faculties in Scholarly Impact
(DBN)

Top Party Law Schools
(DBN)

"Oh, she must be a lawyer."
(DBN)

Lawsuit of the Day: Space Alien Followers v. Pope Benedict (No, Seriously)
(DBN)

Company Hit With $459 Million Judgment Over 'Junk Fax' Transmissions
(DBN)

Just When You Think You've Heard It All
(DBN)

Lawyer smokes pages of Bible and Koran, asking 'Which is best?'
(DBN)

Man enraged over cold eggs kills wife, 4 others
(DBN)

Man Who Has Seen Too Many Movies
(DBN)

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Judges:

Senate opens impeachment trial against judge
(DBN)

Hatch on impeachment panel for Louisiana judge
(DBN)

Lawyer for Impeached Judge Puts Focus on Prosecutors
(DBN)

The Impeachment Trial of Judge Porteous
(DBN)

Impeachment Trial Raises Question: What Is a Kickback?
(DBN)

Sponge left inside judge during surgery nearly kills him
(DBN)

Over 100 Federal Judicial Slots Are Unfilled. So Where's the Outrage?
(DBN)

In New Book, Justice Breyer Takes it Straight to Justice Scalia
(DBN)

Magistrate’s $79M Powerball Win Is Also a Windfall for His ‘Fearless & Fair’ Predecessor
(DBN)

U.S. District Court of Nebraska Signs Justice Ginsburg :)
(DBN)

John Roberts, the Accidental Chief Justice
(DBN)

Wanted: Style Stickler Lawyer Willing to Work for 9 Bosses
(DBN)

Judge to Hear 'Odious Squabble' Over Lawyer's Footsie
(DBN)

Why the Judicial-Vacancy Crisis Should Matter
(DBN)

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Wall Street:

Stock futures inch lower ahead of retail sales
(DBN)

Wall Street Extends September Rally
(DBN)

High Frequency Traders Get 'Quote Stuffing' Fine
(DBN)

Trader Cost Morgan Stanley $9B, Has New Job
(DBN)

Brutal Documentaries Zero In on Wall Street
(DBN)

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Layoffs:

IMF Calls for Focus on Creating Jobs
(DBN)

The Recent "Good" Jobs Reports Have Been Among The Worst Ever Recorded
(DBN)

Corporate's Cash Not Going Towards Hiring
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Judge sentences ex-IBM exec to 6 months prison
(DBN)

State bribery lawsuit against former CalPERS board member blocked
(DBN)

US Foodservice to Pay $30 Million to Settle Fraud Suit
(DBN)

NJ car dealer sentenced to 33 months for fraud
(DBN)

No MBA for NYU student in insider trading scheme
(DBN)

Petters co-defendant Catain sentenced to 7 1/2 years
(DBN)

New Jersey investment advisor charged in $100 million Ponzi scheme
(DBN)

Rothstein co-conspirator faces 10 years in prison at October sentencing
(DBN)

Court Nixes Challenge to Special Master in Prudential Fraud Suit
(DBN)

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Student Debt:

Student Loan Defaults Are Still Rising
(DBN)

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Resorts:

Island One Files for Bankruptcy After Florida Property Values, Sales Drop
(DBN)

______________

Municipalities:

Restructuring groups eye indebted cities
(DBN)

Bankruptcy looming, Pa. capital sued over debt
(DBN)

Was the Harrisburg default threat the first domino for municipal bonds?
(DBN)

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Trustees:

Conway MacKenzie's Charleston appointed trustee of TI Acquisition LLC Claims and Creditor Trust
(DBN)

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Ratings Agencies:

Executive Who Questioned Moody’s Ratings Sues
(DBN)

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Economy:

Senate Republicans firm on tax cuts for rich
(DBN)

Boehner may vote for 'partial' extension of tax cuts
(DBN)

McConnell Offers Law to Keep Bush-Era Tax Rates
(DBN)

Rich Americans Save Tax Cuts Instead of Spending, Moody's Says
(DBN)

Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now
(DBN)

BofA's Moynihan sees 25% chance of double dip recession
(DBN)

2010: A Year of No Inflation
(DBN)

Doomsday warnings of US apocalypse gain ground
(DBN)

Geithner Warns on 1930's Like Risk
(DBN)

San Francisco Fed Warns Of Sluggish Growth, Weak Wages, And Falling Inflation
(DBN)

Contrarians Find Betting on Recovery a Lonely Job
(DBN)

IMF chief: Crisis not over until jobs come back
(DBN)

3 Signs It's Truly a Jobless Recovery
(DBN)

US Fed to buy about $27 bln of Treasuries and TIPS
(DBN)

Warren to Address Financial Services Dinner
(DBN)

Global Production Is Now Bigger Than At Any Time In Human History
(DBN)

Poverty rate paradox: Poverty rises, but FBI crime rate falls
(DBN)

12 Signs of Continued Hard Times
(DBN)

IMF: Stimulus Cheaper Than Unemployment
(DBN)

Roubini's Speech Must Have Been The Most Terrifying Thing Ever
(DBN)

Demise of US Consumer is Exaggerated
(DBN)

Maybe America doesn't need all that stuff
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Housing Recovery in Only Two Areas, Says Federal Reserve Report
(DBN)

Freddie Mac estimates home sales to fall another 23% in 3Q
(DBN)

Modifying mortgage can be a tough task
(DBN)

How to twist the truth and influence people
(DBN)

Stalled Philly Development Gets Court Mediator
(DBN)

Farkas Wins One, Loses One in District Court
(DBN)

Mortgage Litigation Index Tumbles
(DBN)

Deja Vu: Family Buys House With A $0.67 Down-Payment
(DBN)

Plan Offers Hedge on 'Strategic' Default
(DBN)

Stuyvesant Town Offered Co-op Plan
(DBN)

Wannabe Stuy Town owner reaches out to tenants
(DBN)

Condo developer Dan Hunt files for Chapter 11
(DBN)

Fate of downtown Austin towers still unknown
(DBN)

Next up for Charlotte's EpiCentre — what’s the project worth?
(DBN)

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Education:

US Student Loan Defaults Rose to 7% in 2008, Led by For-Profit Colleges
(DBN)

Here's Why The Price Of A College Education Makes No Sense Anymore
(DBN)

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Tax:

Bush tax cuts 101: What changes could be in store for taxpayers?
(DBN)

Democrats, GOP Harden Tax Positions
(DBN)

Tax Cuts Battle Royale: Obama vs. Boehner vs. McConnell vs. Reid vs. Senate ...
(DBN)

Homebuyer Tax Credit: Nearly Half of Recipients Must Return It
(DBN)

Excluded Income Can Still Hit Group NOLs
(DBN)

Father-Son Developers' Miami Tax-Fraud Trial Begins
(DBN)

DOJ Employees Owe $14.3M in Back Taxes
(DBN)

Why Do White House Staffers Have Trouble Paying Taxes?
(DBN)

______________

Banking:

The War on Bank Profits?
(DBN)

5 Ways Basel III Will Build Better Banks
(DBN)

Banks Rise as Basel Gives Firms Eight Years to Comply
(DBN)

New Capital Rules Not Much of a Stretch for US Banks
(DBN)

Tracking Bank Failures: Total Reaches 119 for Year
(DBN)

Industry warms to proposed global banking rules
(DBN)

Tiny TARP-Takers Taking It On The Chin
(DBN)

An Old Case Haunts The FDIC’s Bank-Closers
(DBN)

______________

Litigation:

Tribune Creditors Want to Pursue Zell Over LBO
(DBN)

Evidence of Fraud in Chevron Lawsuit
(DBN)

______________

Avoidance Actions:

Corn sellers could owe paybacks
(DBN)

Meridian trustee eyes ‘clawbacks’
(DBN)

______________

Compensation:

Study Finds CEO Salaries Increase With Layoffs
(DBN)

'Unpaid pay czar' got 6-figure salary
(DBN)

______________

Newspapers:

Inquirer Faces Shutdown In Union Spat
(DBN)

______________

Health Care:

Check Hospital Bills for Errors to Avert Financial Trouble
(DBN)

Economic downturn boosts cancer rates
(DBN)

______________

Private Equity:

Tax changes drive private equity’s great selloff
(DBN)

______________

Credit Reporting:

People who fight improper bills can end up with bad credit scores
(DBN)

______________

Accounting:

A Landmark Day for Auditor Liability?
(DBN)

Deloitte survey shows pay rates flat but bonuses up
(DBN)

Stressed accountants turn to booze and drugs
(DBN)

Deloitte grows global revenues by 1.8%
(DBN)

______________

Personal Finance:

111 Frugal Tips for Smarter Buying and Serious Saving
(DBN)

Debt Distress: Symptoms and Treatment
(DBN)

Nervous Americans want easy access to their cash
(DBN)

Tricky Ways to Get a Better Return from the Money You Put in the Bank
(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 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:

Tribune, Movie Gallery, Tronox, Abitibi, Old GM, Bear Island: Bankruptcy
(DBN)

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Jury Trials:

An Inherent Claim Against The Estate?
(DBN)

______________

Newspapers:

Philly sale delayed; Trib sets adviser
(DBN)

No More Law Firms, Says Tribune Co. Trustee
(DBN)

______________

Video Rentals:

Blockbuster CFO leaves amid bankruptcy worries
(DBN)

CRE Professionals prepping for anticipated Blockbuster bankruptcy
(DBN)

______________

Corporate Reform:

Job of Rewriting Bank Regulation Has Only Started
(DBN)

Two important ratios the new Basel guidelines ignored
(DBN)

Basel III Won't Stop Next Crash
(DBN)

Basel III: And the Biggest Winners Are….
(DBN)

Basel Slams The Barn Door But The Horse Ran Away Two Years Ago
(DBN)

Job of Rewriting Bank Regulation Has Only Started
(DBN)

______________

Oil/Gas:

As BP Suits Take Off, a Hard Look at the ‘MDL’ Process
(DBN)

BP remains partners with firms that it blames for gulf oil spill
(DBN)

Gulf Spill May Defy Darkest Predictions
(DBN)

NOAA: Gulf Spill Wasn't As Bad As Exxon-Valdez
(DBN)

Gulf oil spill: compensation should cost less than $20bn – Bob Dudley
(DBN)

Thick coat of oil covers Gulf sea floor
(DBN)

Fed Spending On BP Spill: $18,000 to monitor news coverage tone; $57K on 'marine charter for things'...
(DBN)

'Terrified' New Yorkers protest gas drilling
(DBN)

______________

Small Business:

Here's What's Actually In The Small Business Bill
(DBN)

______________

Aviation:

Was Continental Headed for Bankruptcy Before Merging With United?
(DBN)

Judge approves Sun Country bankruptcy plan
(DBN)

Rosavia files bankruptcy statement at arbitration court
(DBN)

______________

Insurance:

Court rules D&O policy’s Side-A benefits not property of bankrupt estate
(DBN)

______________

Autos:

How Much is GM Really Worth?
(DBN)

Levin: GM should cover Delphi white-collar pensions
(DBN)

Chrysler Bosses Sue For Declined Pensions
(DBN)

______________

Lehman:

5 Key Lessons From Lehman's Fall
(DBN)

Hurricane season: Preference and other avoidance litigation in the Lehman cases
(DBN)

Tasked with tidying up Lehman
(DBN)

Unwinding fees from Lehman to pass $2bn
(DBN)

Lehman asks for OK to sell Utah industrial bank
(DBN)

______________

Manufacturing:

Sad end for last major GE light bulb plant
(DBN)

______________

Arms:

Bad Economy Hurts US Arms Sales
(DBN)

Saudis to Buy $60 Billion in US Arms
(DBN)

______________

Credit Cards:

Credit Card Use Continues to Plunge
(DBN)

______________

EU:

The Subprime Of Europe May Be About To Blow, And Once Again Banks Are Caught Red-Handed
(DBN)

Eurozone industrial rebound runs out of steam
(DBN)

______________

Canada:

Canada's airlines recovering, but slowly
(DBN)

______________

Germany:

Hypo Real Estate Needed Extra Aid Quickly, Finance Minister Schaeuble Says
(DBN)

German Investor Confidence Fell to 19-Month Low in September
(DBN)

______________

Australia:

Australian Lenders Learn Nothing From US Housing Bust, Offer Mortgages At 105% Of Property Value
(DBN)

'Strip watchdog of company collapses'
(DBN)

______________

China:

Chinese Leader Says Country Needs to Stabilize Home Prices
(DBN)

5,000 Chinese SOEs Go Bankrupt Each Year since 2002
(DBN)

China to Foreign Businesses: Stop Crying
(DBN)

______________

Cuba:

Cuba to cut 500,000 gov't workers, reform salaries
(DBN)

______________

India:

Auditors may have to pay investors for fraud by companies
(DBN)

______________

Africa:

African Success Benin Rocked by Giant Ponzi Scheme
(DBN)

______________

Latin America:

Latin American and Caribbean economies rebounding
(DBN)

______________

Greece:

Greek protesters confront government on economy
(DBN)

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