September 30, 2010

The Daily Bankruptcy News

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Law:

Making Sense of An Orrick/Akin Gump Merger
(DBN)

Mo Money Mo Restructurings
(DBN)

What Makes 44% of BigLaw Lawyers Happy?
(DBN)

Vendors Trying to Squeeze Cash Out of Zombie Firm in Court
(DBN)

Former Law Firm Partner Charged With Bribing Senator
(DBN)

The Tribune Legal Bill...And, Oh Yeah, Its Future
(DBN)

Study: BigLaw Could Lose 17,500 Non-Partner Jobs in Upcoming Years
(DBN)

SJB chief says US talks on track despite real estate exits
(DBN)

A new transatlantic firm born as SNR Denton goes live
(DBN)

GCs: Legal Directories Out, Online Searches In
(DBN)

When the Stay-Home Parent Wants to Go Back to Work
(DBN)

What’s the Latham Billing Code for ‘Chilin’ With Oliver Stone’?
(DBN)

Former In-House Lawyer at Wal-Mart Launches Lawyer Networking Website
(DBN)

Beware of Fact-Specific E-Mail Discussion, Says ABA Ethics Opinion re Law Firm Websites
(DBN)

Ex-Legislator’s Indictment re Law Firm ‘Retainer’ Fees Spurs Call for Ethics Reform
(DBN)

Could an MBA be even more worthless than a J.D.?
(DBN)

Georgia State Is Top-Ranked ‘Best Value’ Law School
(DBN)

Judge orders turnover of woman's deleted Facebook posts
(DBN)

Lawyers Can’t Friend Potential Witnesses Under False Pretenses, Ethics Opinion Says
(DBN)

Lawyer's Wife Doesn't Believe He Tried to Hire Hit Man to Kill Her, Wants a Chat
(DBN)

Meet Shawn Chapman Holley, Lindsay Lohan’s Lawyer
(DBN)

Innocent Too Late
(DBN)

The Sexting District Attorney: Ken Kratz to Resign as DA, But He’ll Always Be ‘The Prize’
(DBN)

Keep Those B------ Firm… Appropriate
(DBN)

The disgrace of the legal services market
(DBN)

'Fed Up' Elderly Woman Shoots 12-Year-Old Boy
(DBN)

Trial Lawyers Use Social Media to Troll for Lawsuits
(DBN)

Californians Get JDs, Get Rich, End Up On "Forbes 200"
(DBN)

'Apprentice' Contender Quits Brooklyn DA's Office
(DBN)

The Good Wife: Tuning Back In for Season 2
(DBN)

Why No Big Law Reality Series?
(DBN)

What Would You Tell a Law Student Before They Enter the 'Real World?'
(DBN)

India Again Closes Door on Foreign Firms
(DBN)

Victim of Secret Dorm Sex Tape Posts Facebook Goodbye, Jumps to His Death
(DBN)

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Judges:

Welcome Back, Souter (and O’Connor and Stevens)
(DBN)

On Big Money and Judicial Retention Elections
(DBN)

Inmate Charged in Alleged Murder-for-Hire Plot Against Minn. Prosecutor and Sentencing Judge
(DBN)

Judge Strikes Down Ban on ‘Bawdy Houses’
(DBN)

Squirrely Judge Charged for Giving Acorns Stuffed With Condoms to Women
(DBN)

Judge wants simplified charges in Anna Nicole case
(DBN)

Leahy Introduces Bill to Allow Retired Justices to Serve
(DBN)

Calif. Federal Judge in Gay Marriage Case to Return to Private Practice
(DBN)

Big cases await U.S. Supreme Court's 2010-2011 term
(DBN)

Next Supreme Court Term Could Be Hard On Plaintiff Lawyers
(DBN)

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Wall Street:

Stock Futures Little Changed to End Quarter
(DBN)

Stocks Set to Close Out Best Quarter in a Year and Best September in 70 Years
(DBN)

Europe shares fall
(DBN)

Hong Kong Bank Stocks Fall, led by ICBC
(DBN)

Stocks Fall; Gold Stays Above $1300
(DBN)

Whitney Cuts Goldman Sachs, Morgan Stanley Profit Estimates
(DBN)

Goldman's New Ads: Healing the Damage from 'God's Work'?
(DBN)

Goldman Cutting Stake in China's ICBC, Seeks to Raise $2.05 Billion
(DBN)

Will Goldman Flee Europe?
(DBN)

Bank of America Said to Cut More Than 20 Prop Trading Jobs
(DBN)

Morgan Stanley Suspends Hiring
(DBN)

Where's the moral outrage on Wall Street?
(DBN)

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Layoffs:

Is Wall Street Twice the Size it Should Be?
(DBN)

Financial Sector Job Cuts Keep Mounting
(DBN)

Company that Obama said would rehire workers if stimulus passed plans to open new factory -- in China
(DBN)

Workers face uncertainty as NH mill mulls closure
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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AIG:

AIG government-exit plan gains momentum
(DBN)

AIG Board Said to Approve Plan to Wind Down US Majority Stake
(DBN)

No Exit: Government Deal to Bail Out of AIG Unfairly Punishes Taxpayers — Again
(DBN)

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Newspapers:

Morgan Stanley facing suits in Tribune buyout case?
(DBN)

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Autos:

Bankruptcy Reorganizations And The Troubling Legacy Of Chrysler And GM
(DBN)

GM, AmeriCredit to Become GM Financial
(DBN)

U.S. Auto Sales in September May Have Been Best Since March
(DBN)

Canadian Car Sales About to Hit Record High
(DBN)

Ferrari Profit Growth to Top 10% This Year
(DBN)

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Private Equity:

Private Equity Thrives Again, but Dark Shadows Loom
(DBN)

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Gambling:

Investors plan to bring Twin River out of bankruptcy
(DBN)

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Video Rentals:

Fade-Out Nears for Video Stores
(DBN)

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Telecoms:

Qwest, KPN Sued Over 2002 Bankruptcy of KPNQwest, Unpaid Debts
(DBN)

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Utilities:

Fortress, MatlinPatterson Fight Boston Generating Sale
(DBN)

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Economy:

In Tax Cut Plan, Debate Over the Definition of Rich
(DBN)

Jobless rates drop in two-thirds of U.S. metro areas
(DBN)

Online job demand rises 59,000 in September
(DBN)

Dollar Set for Biggest Monthly Loss Since 2008 Versus Euro on U.S. Economy
(DBN)

Fed's Plosser says likely lowering outlook for 2H
(DBN)

Three Fed Officials, Three Divergent Views
(DBN)

An unbelievable recovery is just that
(DBN)

Treasuries Fall as Fed Officials Question Quantitative Easing
(DBN)

The Self-Pity of the Harvard 'Poor'
(DBN)

Plundering the middle class – 35 percent of American households live on $35,000 or less each year. Bailouts a success for the wealthiest 5 percent of Americans
(DBN)

US Treasury to sell Citigroup preferred securities
(DBN)

PIMCO's Bill Gross: The Days of 10% Returns Are Gone
(DBN)

TARP, the Long Goodbye
(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:

Foreclosure "mess" unfolds state by state
(DBN)

‘Foreclosure Mill’ Law Firms Under Pressure from Lawmakers
(DBN)

Multiple state attorneys general initiate probe of foreclosure practices of Ally Financial
(DBN)

Will Massachusetts become the latest state to take on faulty foreclosures?
(DBN)

GMAC, N.C. wrangle over foreclosures
(DBN)

JPMorgan suspends certain foreclosures
(DBN)

JPMorgan Chase warns attorneys of possible foreclosure robo-signers
(DBN)

Colossal Failures in Judgment
(DBN)

JPMorgan Admits: One Of Our Employees Signed Thousands Of Foreclosures Without Reading Them
(DBN)

JPMorgan Asks Judges to Delay Rulings as It Reviews Foreclosure Documents
(DBN)

Moody's to review JPMorgan Chase servicer rating after foreclosure suspension
(DBN)

Fitch begins review of servicer foreclosure processes after GMAC issue
(DBN)

Banks Will Welcome the Delays Foreclosure Reviews Cause
(DBN)

Banks Foreclose First, Ask Any Questions Later
(DBN)

Nearly one in four second-quarter home sales a foreclosure
(DBN)

Distressed Homes Sell at 26% Discount
(DBN)

Great Credit May Not Get a Great Mortgage
(DBN)

Munger’s Vision Comes to Florida Foreclosure Proceedings
(DBN)

Corporate Mortgage Scams Threaten to Crash an Already Shaky Housing Market
(DBN)

Ambac Sues Countrywide Over Mortgage-Backed Bonds
(DBN)

Homebuyer tax credit kept REO sales down 28% in 2Q
(DBN)

Foreclosure postings on million-dollar Dallas homes on the rise
(DBN)

CMBS Delinquency Rate Continues to Climb
(DBN)

Ackman's $45 Million in Jeopardy as Stuyvesant Town Foreclosure Sale Nears
(DBN)

ACK! Can Pershing Get Its Money Back on Stuy Town Gambit?
(DBN)

Bankruptcy Court Cleans Up Onyx Condo
(DBN)

IStar Facing 'Inevitable Default' Downgraded by Fitch
(DBN)

Notice of sale filed by creditors of railyard developer
(DBN)

Confidence High Among Multifamily Investors
(DBN)

Failed business deal causes Wealthbridge Mortgage collapse
(DBN)

July Increase in Home Values Won't Last
(DBN)

_____________

Fraud:

U.S. judges weigh ex-mogul Conrad Black's appeal
(DBN)

Black, Estrada Greeted at 7th Cir. By a Skeptical Posner
(DBN)

Ambac sues BofA over 'massive fraud' on mortgages
(DBN)

Former NY Comptroller Hevesi to Plead Guilty to Corruption
(DBN)

Bankruptcy Court Approves Hecker Subpoenas
(DBN)

Trustee continues to track money in Hecker case
(DBN)

In Galleon Case, a Setback for S.E.C. on Wiretaps
(DBN)

LA man wanted in Ponzi scheme arrested in France
(DBN)

Brentwood investment manager gets 8 years for Ponzi scheme
(DBN)

Petters companies plead guilty
(DBN)

Societe Generale Wins Dismissal of US Investor Suit Over Kerviel Losses
(DBN)

Goldman's Fabrice Tourre Seeks Dismissal of SEC's Suit Over Subprime CDOs
(DBN)

Senators urged to close Skilling case loophole
(DBN)

______________

Lehman:

Lehman Memories Sold Off at Auction
(DBN)

Lehman Brothers Signs Sell for $111,700 in London
(DBN)

Bankers battle for Lehman souvenirs
(DBN)

Lehman's Flip Clause Litigation
(DBN)

______________

Corporate Reform:

Consumer Advocate Seeks to Reassure Bankers About Protection Agency
(DBN)

Consumer czar Warren says wants banks' help on rules
(DBN)

In Elizabeth Warren We Trust?
(DBN)

Infighting Besets Financial-Oversight Council
(DBN)

Crisis Panel Head: How Did Wall Street Miss It?
(DBN)

SEC Reviewing Structured Notes for Overcharging, Conflicts
(DBN)

Will SEC’s Settlement In Valuation Case Be Part Of A Trend?
(DBN)

SEC Lawsuit Tries to Keep Investor's Choices off Corporate Boards
(DBN)

Lawmakers Summon 'Overwhelmed' Regulators for Dodd-Frank Update
(DBN)

The Dodd-Frank Act: The New World of Systemically Risky Financial Companies and What It Means for Creditors
(DBN)

______________

Accounting:

Banking is out. Now everyone wants to be… an accountant
(DBN)

______________

Municipalities:

Harrisburg is Looking for Some Lawyers
(DBN)

Pennsylvania capital draws closer to bankruptcy
(DBN)

City Council defies mayor, hires bankruptcy lawyer
(DBN)

Illinois: Recession by the Numbers
(DBN)

Detroit Hit 4th Worse by Recession
(DBN)

Pensions: Angry populists' next target
(DBN)

______________

 

 

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:

ProtoStar, Centaur, South Bay, Gloucester, Boston Generating: Bankruptcy
(DBN)

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Bankruptcy Alternatives:

The Shadow Consumer Bankruptcy System
(DBN)

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Banking:

UBS says no dividends for some time, shares fall
(DBN)

Blankfein Threatens Europe
(DBN)

______________

Litigation:

Sanctionable Conduct Involving E-Discovery
(DBN)

______________

Education:

How the Economy Is Affecting Community Colleges
(DBN)

______________

Mass Torts:

The Sad Story of Venice, Illinois
(DBN)

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Hollywood:

Trustee Seeks to Question Casino About Bergstein Gambling
(DBN)

Capitol Films nears bankruptcy
(DBN)

Bergstein Misses Filing, Capitol Films Shuffles Toward Bankruptcy
(DBN)

______________

Rating Agencies:

IMF urges close regulation of credit rating agencies
(DBN)

______________

Health Care:

Medical Staffing Network Announces Completion of Financial Restructuring
(DBN)

Creditor fights hospital bankruptcy extension
(DBN)

$12 Million Recovered for Bayonne Medical Center Creditors
(DBN)

House Republicans Plot Budget Strategy to Scuttle Obama's Health Overhaul
(DBN)

Health Costs Seen Hitting Five Year High
(DBN)

______________

Jewelry:

Jeweler Shane's Bankruptcy Reorganization Plan to Go to Creditors for Vote
(DBN)

______________

Politics:

Deal says bankruptcy case has no effect on his debt, campaign
(DBN)

Reopened bankruptcy could expose Deal to more debt
(DBN)

Bankruptcy filing does not include Deal
(DBN)

______________

Oil/Gas:

CEO Shakes Up BP Management
(DBN)

US: Oil Firms Not Cooperating with Spill Probe
(DBN)

Confidentiality Clauses and BP
(DBN)

______________

Trustees:

NC estate taken by bankruptcy trustee after tobacco executive accused of lavish spending
(DBN)

Judge seals details around seizure of Chinqua Penn
(DBN)

______________

UK:

U.K. Services Contract for Second Month on Drop at Law Firms, Accountants
(DBN)

Pensions regulator faces court challenge
(DBN)

Proposed special administration regime for investment banks
(DBN)

Bankrupt reality TV star forced to sell £1.25m home
(DBN)

F.S.A. Plans Tougher Rules for Bank Complaints
(DBN)

Bebgies Traynor results in line with expectations
(DBN)

R3 backs OFT in debt management report
(DBN)

______________

EU:

EU Wields Fines to Save Euro From Greek-Style Mishaps
(DBN)

Goldman warns of exit from Europe on regulation
(DBN)

EU worried about viability of three German banks
(DBN)

European Banks Are Profitable but Fragile, E.C.B. Says
(DBN)

Eurozone Inflation Rises to 1.8 Pct in September
(DBN)

Merkel still pulling for insolvency mechanism
(DBN)

______________

Canada:

De Grandpré Chait adds two lawyers to insolvency team
(DBN)

______________

France:

French budget makes 'historic' spending cuts
(DBN)

______________

Germany:

Karstadt Insolvency Case Continues
(DBN)

German Jobless Rate Falls To Lowest Since April 1992 on Export-Led Demand
(DBN)

______________

Australia:

Rates to continue rising into next year, economists predict
(DBN)

______________

Middle East:

After Financial Crisis, Dubai Keeps Building, but Soberly
(DBN)

______________

Greece:

Wind Hellas Bondholders Said Favored Over Telenor to Acquire Phone Company
(DBN)

______________

Japan:

The Collapse of Japan's Consumer Finance Fortunes
(DBN)

______________

Portugal:

Portuguese government unveils debt-reduction plans
(DBN)

______________

Ireland:

Irish Deficit to hit 32% of GDP
(DBN)

Ireland Takes Over Bank as Bill Rises
(DBN)

Allied Irish may need as much as 3 billion euros
(DBN)

Ireland faces €34bn bill for Anglo Irish Bank, forced to redraft budget
(DBN)

EU's Almunia 'Welcomes' Irish Bank Bailout Announcement
(DBN)

Ireland to Take Majority Ownership of AIB in Bailout
(DBN)

______________

Spain:

Spain's Credit Rating Cut One Level by Moody's
(DBN)

Bank of Spain Says Country's Economy May Have Weakened in Third Quarter
(DBN)

______________

China:

Buffett Says China Charity Meet Exceeded Expectations
(DBN)

China curbs lending in move to cool housing market
(DBN)

China property stocks jump, shrug off new curbs
(DBN)

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