September 9, 2010

The Daily Bankruptcy News

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Law:

Report Predicts More Equity Partners Will Be Axed, Sees More Outsourced Work
(DBN)

Law Firms 'Shrinking Toward Profit Growth' in Midyear Survey
(DBN)

New ‘Lower Cost’ Alternative Law Firm Adds 5 More Seyfarth Attorneys
(DBN)

Corporate bankruptcy: Costly and often worthless
(DBN)

One of Every Nine Bankruptcy Cases Is Filed Without a Lawyer
(DBN)

The 4 Firms In-House Counsel Fear The Most
(DBN)

What Downturn? Law Firm Rates Rose While the Economy Tanked
(DBN)

UK 200 financials laid bare in pivotal year for profession
(DBN)

The underlying goals of law firm interviewers have shifted
(DBN)

Interviewing for a Job? Try Asking This Question
(DBN)

Are You One of the Cool Kids at Big Law?
(DBN)

Associates Survey 2010: Where Everybody Knows Your Name
(DBN)

Dentons and Jones Day land roles on Connaught administration
(DBN)

Financial Probe of Europe’s Wealthiest Woman Could Focus on 2 Law Firms
(DBN)

First Amendment Advocate Defends Right to Lie
(DBN)

Does This Law Degree Make My Ass Look Fat?
(DBN)

The Cart and the Horse
(DBN)

Judge Lets Stand Major Lindsey's Suit Against Former Recruiter
(DBN)

Judge Axes $28 Million From Lawyers' Fees, Lets Them Keep $5 Million Gift
(DBN)

Bearing the Fashion Cross
(DBN)

Trustee Seeks to Auction 80 Artworks Owned by Defunct Dreier Law Firm
(DBN)

Law Firm's Role in BDO Tax Fraud Case Presents Conflict, Judge Finds
(DBN)

Ex-NY Partner Says BigLaw Partnership Agreement Lets Him Keep Disputed $875,000
(DBN)

Ex-Partner Claims He Owes Chadbourne Nothing in Dispute Over Fees
(DBN)

Protectionism Finds a Home in Ohio
(DBN)

John Grisham Reveals His Ill-Fated Plans to Be an Asphalt Man and Tax Lawyer
(DBN)

Waller Lansden Shakes Up Recruiting
(DBN)

How Much Do Letters of Recommendation Matter to Law Schools?
(DBN)

Record $10M Chicago Law Grad Gift Will Fund 60 Full-Tuition Merit Scholarships
(DBN)

Burning Man 2010 Was Not a Police State, Not Even Close
(DBN)

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Judges:

Elena Kagan Quote Provides a Runner-Up in Dictionary’s ‘Words of Summer’
(DBN)

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Wall Street:

Stock Index Futures Up
(DBN)

U.S. Markets End the Day Higher
(DBN)

Schapiro: Fleeing investors question stock market integrity
(DBN)

Analyst: Wall St. layoff wave coming in '11
(DBN)

Goldman Said to be Winding Down Equity Prop Trading Desk
(DBN)

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Layoffs:

Job Openings Rise For First Time Since April
(DBN)

Nearly 5 Jobless Workers Per Opening in July
(DBN)

Fed Can't Fix US Unemployment
(DBN)

Lockheed Says 25% of Executives to Take Voluntary Retirement
(DBN)

Why Firms Sit on Cash but Won't Hire
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hotels:

Hotels Poised to Shed Properties
(DBN)

Hotels Lure Investors as Lodging Surpasses US Offices, Retail
(DBN)

Bankruptcy Watch: 10 Riskiest Hotel Stocks
(DBN)

Ritz-Carlton Kapalua foreclosure could work to buyers' advantage
(DBN)

Lender seeks foreclosure against owner of former Hilton
(DBN)

Innkeepers USA Bankruptcy Plan Is Rejected
(DBN)

Judge: Innkeepers Failed to Uphold Duties to Creditors
(DBN)

Village hotel auction slated
(DBN)

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Mass Torts:

Pfizer's Quigley Unit Is Denied Permission to Exit Bankruptcy by Judge
(DBN)

NY Court Rejects Chapter 11 Plan For Pfizer's Quigley Unit
(DBN)

Chemtura Wins Approval to Dismiss Some Claims Over Butter Flavor Chemical
(DBN)

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Tax:

Two IRS Debtors that might Raise Eyebrows
(DBN)

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Health Care:

Nursing home co. settles $677M lawsuit for $50M
(DBN)

Skilled Healthcare shares jump on settlement
(DBN)

St. Vincent's Urgent-care plan aborted
(DBN)

State allowed HMG to reduce time it keeps medical records
(DBN)

Unsecured creditors seek peek at North General's financials
(DBN)

Employers Predict Their Health Costs Will Rise 5.9% Next Year
(DBN)

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Jewelry:

Doris Panos Designs Gets Approval for Chapter 11 Reorganization
(DBN)

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Resorts:

Credit Suisse's "greedy antics" cost it $229M
(DBN)

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Video Rentals:

Blockbuster shareholders left in suspense
(DBN)

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Municipalities:

Nevada is most economically stressed in USA
(DBN)

The Most (And Least) Economically Stressed Counties In The US
(DBN)

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Avoidance Actions:

Meeting planned to discuss VeraSun preference letters
(DBN)

Some farmers facing having to pay back hundreds of thousands
(DBN)

Seventh Circuit holds securitization trustee may be liable as "initial transferee" in fraudulent conveyance action
(DBN)

Fraudulent Transfer Litigation – A New Use for Credit Default Swaps?
(DBN)

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Paper:

White Birch Paper Co. Auction Set for Sept. 15
(DBN)

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Golf:

Shores golf course buyer backs out
(DBN)

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Receiverships:

Request for Appointment of Receiver for LLC based on Chancery's Equitable Powers Allowed to Proceed to Trial Due To Potential Insolvency
(DBN)

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Gambling:

Time to Shuffle Up & Deal at Harrah’s
(DBN)

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Economy:

Job Openings in US Rose in July in Sign Some Businesses Ready to Expand
(DBN)

Fed Report Finds Signs That Growth Is Slowing
(DBN)

BofA Sees Low Chance of Double Dip
(DBN)

Fed Buying Treasurys Pose Serious Risk
(DBN)

Boehner Calls for 2-Year Freeze on All Tax Rates
(DBN)

Obama plan for corporate tax credit, infrastructure spending gets cool reception
(DBN)

The harsh math behind Obama's tax-cut pledge
(DBN)

Stiglitz: Academic Economists Deeply Guilty for Current Mess
(DBN)

US loses ground in competitiveness report
(DBN)

More Stimulus Needed For "Savage" Recession: Geithner
(DBN)

Kocherlakota-Fed policy as accommodative as can be
(DBN)

Fed survey sees slower growth in East and Midwest
(DBN)

Obama slams GOP leadership, economic policies
(DBN)

GOP Academics Praise Obama's New Plans
(DBN)

Reid blames Bush, Wall Street for sick economy
(DBN)

Panel examining recession's causes meets in Vegas
(DBN)

Financial crisis panel tells NV leaders to be bold
(DBN)

OECD cuts global economic growth forecasts
(DBN)

TARP investment returns strong
(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:

US Mortgage Applications Index Falls, First Drop Since July
(DBN)

Double dip in home prices coming in 2011
(DBN)

Loan Mod Profiles: For Some, a Modification
(DBN)

Purchase Mortgage Applications Post Largest Rise Since May
(DBN)

Fannie, Freddie mortgage refinancing increases one-third in August
(DBN)

US Banks Report CRE Loan Troubles Subsiding Amid Strong Quarterly Earnings
(DBN)

What Happens If We Just Let the Housing Market Crash?
(DBN)

Is Housing Overvalued?
(DBN)

Obama Administration announces an additional $1 billion to foreclosure-stricken neighborhoods
(DBN)

Short Sale Lease-Backs Make Total Sense – Fannie, Freddie and Servicers Are the Problem
(DBN)

'Stuy' in Bill's eye
(DBN)

Bass Brothers Seek Jury Trial in Lake Las Vegas Case
(DBN)

Sparks Developer's Chapter 11 Blamed on Economy
(DBN)

Pitcairn Property tossed out of bankruptcy court
(DBN)

WCI sells Sun City Center golf courses
(DBN)

Crescent litigation trust sues Duke Energy, seeks $1.2B
(DBN)

Builders Brief Land Buying Spree Gets Grounded
(DBN)

Brothers charged in foreclosure fraud
(DBN)

Hedge Funds Can't Always Save Home Builders
(DBN)

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Religion:

The Gospel of Wealth
(DBN)

______________

Lehman:

The final hours of Lehman : Debate continues
(DBN)

Fed Lawyer: No 'Plan B' If Barclays's Lehman Buy Fell Through
(DBN)

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Oil/Gas:

BP: No Single Factor Caused Gulf Spill
(DBN)

The Report - Executive Summary - Appendices A, B, F, G, H - Appendices C, D, E - Appendices I to AA - Video - Press Release
(DBN)

BP and Partners Trade Blame for Oil Spill
(DBN)

BP Report Spills Blame on All Involved in Deepwater Horizon Disaster
(DBN)

Report by BP on Gulf Spill Hints at Likely Legal Defense
(DBN)

Report Highlights More Problems at Offshore Oil Agency
(DBN)

Regret, apology not part of BP's oil spill report
(DBN)

New supply, flat demand will create an oil surplus
(DBN)

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Accounting:

Gun-slinging accountant loses Chapter 7 battle
(DBN)

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Retailing:

General Growth CEO to stay on after restructuring
(DBN)

Circuit City Stores Wins Bankruptcy Court Approval of Liquidation Plan
(DBN)

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Celebs:

Real Housewives of NJ Teresa Giudice: 8 Rumors About Her – Which Are True?
(DBN)

Teresa Giudice: Multiple Cases of Fraud Can Lead to Prison
(DBN)

11 Famous Athletes Who Blew Millions Failing At Business
(DBN)

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Newspapers:

Tribune names head of restructuring effort
(DBN)

Two unions still holding up sale of Philadelphia papers
(DBN)

______________

Student Debt:

Is the student loan industry headed for a meltdown?
(DBN)

______________

Directories:

Truvo USA Wins Court Approval for Voting by Creditors on Bankruptcy Plan
(DBN)

______________

Prediction:

Will These Companies Drown in Debt?
(DBN)

______________

Hedge Funds:

Bayou creditors Want Award Against Goldman Upheld
(DBN)

Are hedge funds abusing bankruptcy?
(DBN)

______________

Hockey:

No deal on Coyotes, talks continue
(DBN)

Coyotes still a big problem
(DBN)

______________

Pensions:

Third Circuit concludes that employees’ unvested retiree benefits are protected during an employer’s Chapter 11 bankruptcy
(DBN)

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Ballet:

Ballet Florida workers may get relief soon from bankruptcy court
(DBN)

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Defense:

Military Contractors Shed Workers as Pentagon Cuts Budget
(DBN)

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Finance:

CEO Who Drove CIT To Bankruptcy Gets New Gig
(DBN)

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Education:

For-Profit Colleges’ Latest Lesson to Students: How to Fight Stricter Regulation of Schools
(DBN)

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Private Equity:

Gores Group Buys National Envelope’s Assets and Some Liabilities Via Section 363 Deal
(DBN)

Freeman & Co. LLC Names James Murray As A Managing Director
(DBN)

Kramer Levin Naftalis & Frankel Hires James Moriarty and Russell Pinilis As Partners
(DBN)

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New Bankruptcy Opinions
(3 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)

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Miscellaneous:

Quigley, Truvo USA, Capmark Financial, Circuit City: Bankruptcy
(DBN)

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Savings:

Debtors Feast at the Expense of the Frugal
(DBN)

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Academia:

The University of Richmond School of Law welcomes David Epstein as George E. Allen Chair Professor
(DBN)

______________

Corporate Reform:

Working with Elizabeth Warren is no walk in the park, critics say
(DBN)

Will Elizabeth Warren get the Nod or Not?
(DBN)

Consumer watchdog candidate Elizabeth Warren pays another visit to White House
(DBN)

Warren call gets warmer
(DBN)

______________

Aviation:

US Airways Pilots Yearn For a Contract
(DBN)

______________

Autos:

Chrysler, U.S. Bank in 'formal' loan agreement
(DBN)

New CEO Akerson urges GM to go on 'attack'
(DBN)

GM still awaits its Lee Iacocca
(DBN)

G.M. Makes a Play for Buyers and Investors
(DBN)

GM's AmeriCredit acquisition irks feds
(DBN)

How GM Made $30 Billion Appear From Thin Air
(DBN)

Auto Industry Could Get Boost on Obama Plan
(DBN)

Why Carmakers Aren't Coming Back Soon
(DBN)

Consumers find auto deals, discounts thing of past
(DBN)

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Trucking:

North America could be shut out of commercial markets: Alix
(DBN)

______________

Debt Collection:

Late On Your Car Note? Don't Accept That New Facebook Friend Request
(DBN)

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Insurance:

What to Watch Now in the World of D&O
(DBN)

______________

Hollywood:

Spyglass toppers sign intent to take over MGM
(DBN)

Spyglass signs MGM letter of intent, courting Ken Schapiro to become COO
(DBN)

'Nash Bridges' judgment increased by nearly $28.5M
(DBN)

______________

DIP Finance:

Capmark Creditor Committee Opposes Disputed Loan Deal
(DBN)

______________

Credit Cards:

Study Shows Drop in Credit Card Use
(DBN)

Is Anything Going To Stop The Decline Of Consumer Credit Card Usage?
(DBN)

Business Credit Cards Under the CARD Act
(DBN)

______________

Fraud:

Hecker agrees to plea deal, could face 10 years in jail
(DBN)

Hecker pleads guilty to conspiracy, bankruptcy fraud
(DBN)

U.S. Attorney in NY Brings Back Old Hand to Head New Civil Frauds Unit
(DBN)

Goldman Sachs Fined $27 Million by UK for Not Reporting Probe
(DBN)

Judge Denies Allen Stanford's Motion for Contempt in Insurance Coverage Case
(DBN)

______________

Banking:

Judge OKs Advanta settlement with FDIC that could cost investors
(DBN)

‘We’re not buying anything,’ BofA CEO says
(DBN)

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UK:

Massive bonus deal for new Barclays boss provokes fury
(DBN)

Bob Diamond: Polished - or Flawed?
(DBN)

Connaught collapse: What went wrong?
(DBN)

Connaught demise exposes Osborne's gamble
(DBN)

Connaught fate a sign of austerity woes to come?
(DBN)

Connaught clobbered
(DBN)

Connaught administrators say they need goodwill of councils
(DBN)

Social housing group Connaught calls in KPMG as administrators
(DBN)

KPMG seeks to sell stricken Connaught's contracts
(DBN)

Connaught jobs threatened as social housing arm enters administration
(DBN)

Sheffield Wednesday saved from bankruptcy by Co-operative Bank
(DBN)

Goldman Sachs expected to be fined about $30 million in UK
(DBN)

Debt problems mount for struggling households
(DBN)

______________

EU:

In Europe, it's no longer East vs. West
(DBN)

Fiscal Austerity is Failing in Europe
(DBN)

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Canada:

Government investment in asbestos is morally bankrupt
(DBN)

CanWest gains protection extension
(DBN)

Olympic Disaster In Vancouver As Taxpayers Get Billed For $1 Billion "Ghost Town"
(DBN)

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Germany:

Data Show German Economic Juggernaut Slowing
(DBN)

______________

Ireland:

Ireland Plans to Split Up Troubled Lender
(DBN)

______________

Greece:

Greek recession deeper than thought, outlook bleak
(DBN)

Beware of Greeks Bearing Bonds
(DBN)

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Portugal:

Portugal's Borrowing Costs Rise at Sale of 2013, 2021 Bonds
(DBN)

______________

Afghanistan:

Afghan security forces beat angry customers to prevent run on Kabul Bank
(DBN)

______________

Spain:

Spain allows cities to take new loans to rescue them from bankruptcy
(DBN)

______________

Russia:

Lenders, lawyers fight over assets of bankrupt Russian gambler
(DBN)

Are Big 4 Audits in Russia Worthless?
(DBN)

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