January 28, 2011

The Daily Bankruptcy News

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Law:

DLA Piper to Become World’s Largest Law Firm with Australian Merger
(DBN)

Bonus Watch: Cleary Gottlieb Matches S&C Spring Bonuses!
(DBN)

The Lawyers Behind the FCIC Report
(DBN)

NFL’s Top Lawyer Will Give Up Multimillion-Dollar Paycheck in Event of Lockout
(DBN)

From Kentucky To Cravath To Chase
(DBN)

Howrey Going to Make This Merger Happen? (Plus two interesting internal emails.)
(DBN)

Firm Cuts Payouts to Ex-Partners as Headcount Drop Puts Credit Line in Doubt
(DBN)

NY Lawyer, Called "Most Worst Attorney," "Dumb" and "Fool" in Online Rant, Can't Sue
(DBN)

Rumors of the Death of Client Alerts Greatly Exaggerated
(DBN)

Stationery famine at K&L Gates
(DBN)

Strange But True: Fred Thompson Joining Forces With Trial Lawyers
(DBN)

Law Firm Screw-Up Reveals Allegations About Gilbert Arenas
(DBN)

Forced Out at Sullivan & Cromwell Over Age, Partner Lands New NY BigLaw Gig
(DBN)

Lehman, Goldman, Galleon, Deutsche Bank, K1 in Court News
(DBN)

Dealmaker of the Week: E. William Bates of King & Spalding
(DBN)

Firm ‘Draws’ Attention To M&A Trends Through Animation
(DBN)

Baker Botts Partner Sheedy Found Dead in Moscow
(DBN)

If the Hatchet Comes to Justice, Here’s How it Might Hit
(DBN)

What's Your Elevator Speech?
(DBN)

In-House: Where Law Is Not King
(DBN)

Hours After Appeal Filing, Top Ill. Court Rules Emanuel Stays on Ballot, Rebukes Appellate Panel
(DBN)

Thomson Reuters Hiring Attorneys for New LPO Outfit in Michigan
(DBN)

Lawyer Takes 5th re Bombing at Law Firm Partners’ Home, But Protective Order is Denied
(DBN)

Judge Endorses Lawyer's Use of 'Success Bonus' to Enhance $600/Hour Fees
(DBN)

Massachusetts Law Student Engages in Epic Judicial Intimidation
(DBN)

Retired professor, wife, give $6 million to Oklahoma law school
(DBN)

Economy, Jobs Stall Plans for Three New NY Law Schools
(DBN)

Closing the Loop on the Crowdsourced Law School Rankings
(DBN)

Tablet Computers: Today and Tomorrow
(DBN)

New Worldox iPad App Released
(DBN)

Mobile Apps for Law -- A New Searchable Database for Legal Professionals
(DBN)

Harvard Law Instructor Moonlights as Secret Garden Maid
(DBN)

New York City Bar Releases Diversity Report
(DBN)

PPP: Poor Placental Precedent?
(DBN)

Woman Runs Over Herself In Truck Amid Attempt To Flee Police
(DBN)

Couple stoned to death for adultery
(DBN)

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Judges:

It’s a Small World, But There’s No Need to Recuse: Judges Need Not Recuse Themselves Where They Will Be Marrying a “Mere Employee” of a Litigant’s Counsel
(DBN)

Judge does his civic duty - in the jury box
(DBN)

By skipping Obama speech, justices bring politics to court
(DBN)

Bias! The Case Against Lawyers and Judges
(DBN)

Snowstorm Closes Some NY Courts
(DBN)

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Wall Street:

US Futures Slipping
(DBN)

Wall St extends gains on earnings; faces resistance
(DBN)

How the Major Stock Indexes Fared Thursday
(DBN)

Earnings Drag on DJIA
(DBN)

Wall Street Treads Softly After Latest Jobless Data
(DBN)

This Goldman partner told her employees to hide junk that couldn't be sold in CDOs
(DBN)

Why You Wish You Worked At Goldman Sachs (And No It's Not The Money)
(DBN)

A Bear Stearns analyst was so excited about housing, employees at AIG thought he was on drugs
(DBN)

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Layoffs:

Long Term Unemployment Still Sky High
(DBN)

Snow boosts jobless claims
(DBN)

99ers More Likely to Be Older, Married, Minority
(DBN)

The 10 Jobs Where Hiring Will Surge In 2011
(DBN)

Outsourcing At Boeing: How The Aerospace Giant Looks Abroad For Key Suppliers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

GM Withdraws Application for $14.4 Billion US Loan
(DBN)

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Corporate Reform:

Can the SEC Make Brokers Shape Up?
(DBN)

Securities Lawyers Ask Lawmakers to Change SEC Funding Rules
(DBN)

Treasury Department Announces the Beginnings of CFPB Team
(DBN)

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Municipalities:

Cities on the Brink
(DBN)

Newt Gingrich, Jeb Bush say let states declare bankruptcy
(DBN)

Newt Gingrich Dreams Of Launching Weapon Of Mass Destruction On State Pension Plans
(DBN)

Deadbeats Bush and Gingrich Say "States Better off Bankrupt"
(DBN)

Should US states be allowed to go bankrupt?
(DBN)

Rift between Republicans on 'bailout' for states
(DBN)

State bankruptcy protection eyed
(DBN)

Allowing states to enter bankruptcy conceals real problem
(DBN)

The latest on states declaring bankruptcy
(DBN)

Allowing bankruptcy for states would bail out irresponsible pols
(DBN)

Congressional Bankruptcy Rumblings Worry California
(DBN)

Governors plead for cooperation in addressing state, federal deficits
(DBN)

Muni Bonds Aren't All Bad
(DBN)

Cash-strapped Bell to consider disbanding police department, cutting salaries
(DBN)

Bell mayor no-show at city meeting to discuss cuts
(DBN)

Bell police angry at a possible elimination of department; residents say proposal is premature
(DBN)

Orange County Considers $320 Million Pension-Note Sale to Itself
(DBN)

Walters: States don't go bankrupt
(DBN)

Harrisburg, Pa, Incinerator Seen Worthless To Private Buyers
(DBN)

Jefferson County, Ala., Looks To Hire Financial Turnaround Firm
(DBN)

Where the Union Members Still Are
(DBN)

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Non-Profits:

YMCA seeks bankruptcy protection
(DBN)

Fifth Circuit confirms that Save Our Springs' bankruptcy plan is inadequate
(DBN)

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Aviation:

Court blames Swissair for bankruptcy of Belgium's Sabena
(DBN)

Texas objects to SJ30 sale to mystery buyer
(DBN)

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Heavy Equipment:

Caterpillar's Profits More Than Quadruple
(DBN)

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Avoidance Actions:

Bruno's bankruptcy trustee wants payments to creditors returned
(DBN)

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Sovereigns:

US, Japan told time running out to deal with debt
(DBN)

Moody's Basically Just Threatened To Downgrade The US
(DBN)

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Economy:

Initial Jobless Claims in US Rose Last Week to 454,000
(DBN)

Durable Goods Orders Fell in December
(DBN)

Geithner Optimistic, Despite High Unemployment
(DBN)

Geithner: Global Inflation 'Not High on List of Concerns'
(DBN)

Rand and Ron Paul Introduce Twin Fed-Audit Bills
(DBN)

US Treasury starts maneuvering on debt limit
(DBN)

The Union's Troubled State
(DBN)

Barack Obama sounds a lot like Herbert Hoover
(DBN)

The President Ignored the Elephant in the Room
(DBN)

Palin Takes a Swing at Obama's State of the Union Address
(DBN)

Three Years After the Great Recession's Start
(DBN)

Americans Lose Faith in Pretty Much All Big Organizations, Especially Banks and Corporations
(DBN)

Few Signs of United Approach to Financial Regulation
(DBN)

The FCIC Report
(DBN)

FCIC report: 10 causes of the financial crisis
(DBN)

In Panel’s Report, Stern Warning on Repeating Financial Crisis
(DBN)

FCIC Insider: “I Can’t Believe They Suborned Brooksley Born”
(DBN)

WH Applauds Financial Commission's Work
(DBN)

Crisis Panel Slams Greenspan
(DBN)

Who Doesn't FCIC Report Blame? You.
(DBN)

Bernanke: Only One Firm Not at Risk in '08
(DBN)

Wall Street's Collapse to Be Mystery Forever
(DBN)

Crisis Panel's Report Parsed Far and Wide
(DBN)

The financial inquiry commission lets a crisis go to waste
(DBN)

Harsh Words for Regulators in Crisis Commission Report
(DBN)

Infighting, Investigations Overshadow FCIC Report
(DBN)

Fed takes a flogging in FCIC report
(DBN)

Financial Crisis Report's Glaring Omission
(DBN)

Wine list of the day, Davos edition
(DBN)

Davos: What Happens When You Don't Get Invited To Any Parties
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Attorney who worked for developer faces $24 million lawsuit
(DBN)

Clash of the Titans: RMBS Edition
(DBN)

Venue battles erupt in cases stemming from the housing meltdown
(DBN)

For Housing, a Quick Fix 0r Less Risk
(DBN)

Commission outlines Goldman Sachs subprime dilemma in financial crisis
(DBN)

Housing Recovery May Take Five Years-Plus
(DBN)

Pending home sales rise in December
(DBN)

NAR pending home sales rise 2%; TrimTabs expects slow recovery
(DBN)

2010 Foreclosures by City
(DBN)

A Frightening Satellite Tour Of America's Foreclosure Wastelands
(DBN)

The Foreclosure Fallacy
(DBN)

Nevada court blocks Bank of America trust foreclosure
(DBN)

Major banks not buying into Arizona foreclosure
(DBN)

Mortgage Shenanigans in Virginia
(DBN)

Govt's Loan Mod Program Crippled by Lax Oversight and Deference to Banks
(DBN)

Q&A With a Defender of Florida's 'Rocket Docket' Foreclosures
(DBN)

Commercial mortgage-backed securities to rebound in 2011
(DBN)

Want To Make Money In Home Building? Avoid Land
(DBN)

CEO Of Fannie Mae After Being Told Firm Can't Handle More Risk: Email Isn't A Good Venue For "Venting"
(DBN)

The "Arrogant And Unethical" Corporate Culture At Fannie Mae From 1998-2004
(DBN)

Wallison singles out US housing policy for causing financial crisis
(DBN)

Mortgage refinances may drop 77% by 2012
(DBN)

Judge Stops Sale of Downtown Fresno Landmark
(DBN)

John's Pass developer files for bankruptcy protection
(DBN)

Lenders Step Up Reviews of Military Foreclosure Practices
(DBN)

The U.S. Real Estate Market on Life Support: Unplugging the RESPA-Rator
(DBN)

Group convened by Center for American Progress unveils housing finance fix
(DBN)

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Movies:

Daryl Hannah Movie Becomes Currency in RHI Bankruptcy
(DBN)

Demi Moore Is Playing A Chief Risk Officer In Her Next Movie
(DBN)

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Retailing:

Ultimate Electronics Files for Bankruptcy as Suppliers Curtail Shipments
(DBN)

Wattles' Chapter 11 ploy risky
(DBN)

New Credit Deal Gives Borders a Lifeline
(DBN)

Borders must close some stores as part of $550M boost
(DBN)

Borders gets conditional lifeline; shares soar
(DBN)

Borders Eyes Bankruptcy Financing
(DBN)

Loehmann's closing State Street store
(DBN)

______________

Corporate Governance:

SEC Approves Non-binding Say on Pay Rule
(DBN)

______________

Hotels:

LNR seeks new standing in Innkeepers bankruptcy
(DBN)

Hotels: RevPAR up 9.3% compared to same week in 2010
(DBN)

______________

Telecoms:

TerreStar Seeks More Time To Control Its Bankruptcy
(DBN)

Profit Falls 21% at Nokia
(DBN)

Creditors sue past executives from HawTel for $2.5 million
(DBN)

______________

Fraud:

Adler settles Rothstein case
(DBN)

Bankruptcy Trustee: Rothstein Partner Adler Is Broke and Owes IRS
(DBN)

Potential Scams Top 7,000 in BP Spill Compensation
(DBN)

Who is Allen Stanford?
(DBN)

Vaughan's mansion could soon be sold
(DBN)

US Court Freezes Assets in Online Scam Probed by FTC
(DBN)

______________

Celebs:

Miami Heat Buys $2M Mansion To Rescue Tim Hardaway From Tax Debt
(DBN)

______________

Credit Cards:

Credit card rates at record highs near 15%
(DBN)

______________

Health Care:

Sunwest bankruptcy case ends
(DBN)

House GOP Debates Privatizing Medicare
(DBN)

______________

Corporate Governance:

Delaware for Small Fry: Jurisdictional Competition for Limited Liability Companies
(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:

AbitibiBowater, Contessa, Constar, Charlie Brown's: Bankruptcy
(DBN)

Most memorable companies no longer with us
(DBN)

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Bankruptcy Statistics:

Personal Bankruptcy in Connecticut Filings Rise 12-Percent in 2010
(DBN)

Mass. personal bankruptcy filings rose in 2010
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Fees:

"Overhead:" Undead, Undead, Undead
(DBN)

______________

Lehman:

Lehman Sued Over $450 Million Bermuda Repo `Abuse'
(DBN)

When It Collapsed The Lehman Brothers HQ Looked Like That "Run On The Banks" Scene From It’s A Wonderful Life
(DBN)

When Lehman Was Collapsing The Fed Was Taking Advice From Pretty Much Anyone In Finance
(DBN)

Lehman Brothers' Startling Emails: Repo 105 "Accounting Gimmick" Are "Another Drug We're On"
(DBN)

Dick Fuld Used To Call Ken Lewis At Home So Much, Ken Lewis' Wife Had To Get Involved
(DBN)

How Jamie Dimon Played Mind Games With Lehman Execs During Their Downfall
(DBN)

Fed Mulled Emergency Loan to Save Lehman
(DBN)

Ousting Lehman's Fuld, Picking Successor Was Weighed by Fed, E-Mail Shows
(DBN)

______________

Banking:

Secret to Bank's Comeback: A Rich Uncle Named Sam
(DBN)

______________

Pensions:

Crisis Forces Look at Pension Reforms
(DBN)

______________

Gambling:

Moody's says Herbst Gaming debt rating outlook stable, despite challenges
(DBN)

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Video Rentals:

Icahn Seeks Dismissal of Blockbuster Creditor Lawsuit
(DBN)

______________

Tax:

Corporate Tax Code Proves Hard to Change
(DBN)

Tax Code Overhaul Could Raise Taxes on Some
(DBN)

Geithner : Tax reform debate in 'first inning'
(DBN)

______________

Finance:

Banks Get $30B for SBA Loans
(DBN)

______________

Religion:

Sex-Abuse Fallout
(DBN)

______________

Trucking:

Bankruptcy trustee files lawsuit against execs at Arrow Trucking
(DBN)

______________

Mass Torts:

Court revives N. Calif. town's pollution lawsuit
(DBN)

______________

UK:

UK: Consumer Confidence Falls Most in 17 Yrs
(DBN)

Austerity 'could cause recession'
(DBN)

Appointment of Administrators - 27 January 2011
(DBN)

Winding Up Petitions - 27 January 2011
(DBN)

Banks still resist small firm lending
(DBN)

______________

EU:

George Soros Says EU May Disintegrate, Again
(DBN)

Defending the Euro at Davos
(DBN)

EU Retail Rises Most Since 2006
(DBN)

Merle Hazard on Germany :)
(DBN)

______________

Canada:

NHLers burned by bankrupt Bear Mountain development on Vancouver Island
(DBN)

______________

France:

Number Of Failing French Companies Falls 4.2% In 2010
(DBN)

______________

Japan:

"Brownie, you're doing a heckuva job"
(DBN)

Japanese Prime Minister on Defensive Over Debt Comments
(DBN)

______________

Ireland:

Nama To Get 20,000 New Loans Under Revised Bill
(DBN)

Drumm's wife may be questioned in Boston court on bankruptcy claim
(DBN)

Disgraced Drumm forced to put €4m Cape Cod hideout on market
(DBN)

Irish Give 51 Billion More Reasons to Avoid Bonds
(DBN)

______________

Spain:

Spain to Raise Retirement Age to 67
(DBN)

______________

Australia:

'Almost All Pub Sales Distressed': Debt Repayments Extended In Absence Of Buyers
(DBN)

______________

Poland:

Poland Moves Closer to Pension Rollback
(DBN)

______________

Egypt:

Nobel laureate joins deadly Egypt protests
(DBN)

Protesters Clash With Police in Egypt
(DBN)

North Africa in flames: Why Egypt is no Tunisia
(DBN)

Today Is The Big Show For Egypt's Protest Movement
(DBN)

Egypt's Day of Reckoning is Here
(DBN)

US Delicate Dealings with Egyptian Leaders
(DBN)

All Eyes on Egypt
(DBN)

WikiLeaks Spurs On Protests By Releasing New Egypt Corruption Cables
(DBN)

______________

Middle East:

Arab Governments Bracing for New Protests
(DBN)

What Behind the Unrest in the Arab World?
(DBN)

______________

Yemen:

Yemenis take to the streets calling for President Saleh to step down
(DBN)

______________

Russia:

Russia opens criminal case against International Industrial Bank
(DBN)

______________

Czech Republic:

Sazka Is Trying to Postpone Debt Payments
(DBN)

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Copyright 2011