May 4, 2011

The Daily Bankruptcy News

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Law:

Bonus Watch: DLA Piper’s People Pipe Up — and They’re Not Happy
(DBN)

Pay Raise Watch: West Coast Action
(DBN)

West Coast Firms Boosting Associate Pay
(DBN)

Howrey: Still Doing Business?
(DBN)

Insolvency Lawyer Elliott succeeds Cheyne as Linklaters senior partner as final vote closes
(DBN)

Global partner promotions plummet
(DBN)

Clifford Chance promotes 23 to partnership with more than half made up in Asia
(DBN)

Law Firm Recruiting Revolution
(DBN)

Lawyer Who Argued 'Roe v. Wade' Contemplates Post-Layoff Plans
(DBN)

Texas Firms May Have Turned the Corner
(DBN)

Pro Bono Push Part of Alabama Tornado Recovery
(DBN)

Biglaw Litigators, Rejoice! A Circuit Court Opinion on a Discovery Dispute
(DBN)

Future of the Legal Profession: Adapting to Changing Marketplace
(DBN)

Stevens Urges Congress to Crack Down on Prosecutorial Misconduct
(DBN)

Survey Results: Comparing Compensation Systems
(DBN)

There's Something About Canada
(DBN)

Vetting Controversial Clients: How Am Laws 200 Firms Do It
(DBN)

Does Skadden Do Personal Injury?
(DBN)

In-House Positions Are Slightly Better For Women Of Color
(DBN)

Was the Strike on bin Laden’s Compound Legal?
(DBN)

Laid-Off DLA Lawyer Sanctioned for MBA Loans Also Hadn't Paid Law School Loans
(DBN)

Bank Bashes Bad Barrister
(DBN)

"The Good Wife" - Law firm life not pretty, not pretty at all
(DBN)

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Judges:

Justice Ginsburg Is Term’s Most Frequent Dissenter
(DBN)

Remedy For Cash-Strapped State Courts: A Litigation Excise Tax
(DBN)

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Wall Street:

Wall Street stock index futures point to gains
(DBN)

Wall Street falls as earnings fears threaten rally
(DBN)

Wall Street tops corporate hall of shame
(DBN)

Munger: Wall St. Shares Blame for US Crisis
(DBN)

The Notorious Goldman Sachs Party Pad
(DBN)

Former Goldman Client Explains How Goldman Treats Clients Like They're Dumber Than They Are
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Oil likely to stay volatile
(DBN)

______________

Food/Beverage:

Food firms face test as higher prices reach aisles
(DBN)

Denny's profit falls 10% as margins weaken
(DBN)

The state of Sbarro: America's least essential restaurant.
(DBN)

Harry & David asks court for help closing 50 stores
(DBN)

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Television:

Tech-savvy and the poor are turning off TVs
(DBN)

______________

Religion:

Sioux City church files for bankruptcy
(DBN)

Christian Brothers order puts assets at $74M in bankruptcy papers
(DBN)

______________

Furniture:

Berkline, Couch Maker for Home Theaters, Files for Bankruptcy Protection
(DBN)

______________

Corporate Governance:

Delaware Chancery Court shifts burden of proof in applying entire fairness standard to recapitalization
(DBN)

______________

Banking:

Chase scuttles test of $5 ATM fee
(DBN)

Deutsche Bank sued by U.S. government
(DBN)

U.S. May Pursue More Lenders After Suing Deutsche Bank on Loans
(DBN)

UBS Unit Loses $10.6 Million Sexual Harassment Jury Verdict in Missouri
(DBN)

______________

Hotels:

Cerberus, Chatham Lodging Said to Win Auction for 65 Innkeepers Hotels
(DBN)

______________

Celebs:

Trump: Behind His Own Money Problems
(DBN)

______________

Hollywood:

"Ace Ventura" film co. seeks protection in US
(DBN)

Hollywood in turmoil as DVD sales drop and downloads steal the show
(DBN)

______________

Hotels:

Bank of Utica pays Hotel Utica taxes; staves off foreclosure
(DBN)

______________

Derivatives:

Timing of European CDS probe piques interest
(DBN)

______________

Terrorism:

Could Osama bin Laden's Death Bankrupt al-Qaeda?
(DBN)

______________

Resorts:

Lender appeals predatory lending decision in Yellowstone Mountain Club proceeding
(DBN)

______________

Trucking:

YRC Worldwide restructuring plan meets with skepticism
(DBN)

YRC Worldwide bankruptcy still possible
(DBN)

Fitch downgrades YRC Worldwide's debt rating
(DBN)

______________

Consultants:

Seaport Group Hires Perison, Special Situations Team from Oppenheimer
(DBN)

______________

Economy:

Recovery efforts could speed dollar's decline
(DBN)

Factory orders climb 3% in March
(DBN)

'Gang of Six' hammers away at debt deal
(DBN)

What Would Happen If China Sells Its Treasurys?
(DBN)

How Some Made Fortunes on Meltdown
(DBN)

Food prices set for "sustained" rise: Dallas Fed
(DBN)

Inequality Rising Across the Developed World
(DBN - NY Times - Paywall Limit Possible)

GAO: 401Ks Primarily Benefit the Wealthy
(DBN)

Credit Suisse: The End Of QE2 Will Lead To A Sell-Off
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

______________

Real Estate:

Foreclosures Trapped by a Lack of Lawyers
(DBN)

Tom Miller: I'm committed to consumers, not big banks
(DBN)

US sues Deutsche Bank for $1bn over 'reckless' mortgages
(DBN)

Deutsche Bank Unit Stuffed Mortgage Reviews in a Closet. Literally
(DBN)

Moody's downgrades Bank of America mortgage servicer ratings
(DBN)

MBA CEO revisits 30-year fixed mortgage as housing nears bottom
(DBN)

South Carolina Supreme Court stops foreclosure enforcement
(DBN)

Ranking Markets by Price Cut Probability
(DBN)

Cash for Keys Would Make Lenders Pay Debtors
(DBN)

Shadow inventory will keep housing recovery at bay for three to four years
(DBN)

Lawler: Monthly Report to Commissioner Suggests Serious REO Inventory Problem at FHA
(DBN)

Beazer FY 2Q loss misses views amid lower closings
(DBN)

FDIC closes pilot CMBS deal
(DBN)

Commercial Real Estate Loans Tick Up
(DBN)

CMBS 2.0 conduits 'very chunky'
(DBN)

_____________

Autos:

GM sales up 26.4 percent; Ford rises 16.4 percent
(DBN)

Small cars propel sales at GM, Ford
(DBN)

Supply fears cut May incentives
(DBN)

Chrysler wins first credit rating since 1998
(DBN)

Chrysler's credit ratings low, but offer optimism
(DBN)

Kia U.S. auto sales jump 57% in April
(DBN)

Nissan wins competition to be new official New York taxi
(DBN)

Fortunes Shift for U.S., Japanese Auto Makers
(DBN)

Delphi Automotive Profit Rises 35% as Car Production Recovers
(DBN)

Saab Auto To Restart Production After Spyker Secures Funding
(DBN)

______________

Retailing:

Sears' shares plunge on loss forecast
(DBN)

One Expensive Bankruptcy Case
(DBN)

______________

Municipalities:

Long Road out of Bankruptcy for Vallejo, Calif.
(DBN)

Assembly committee works on third version of municipal bankruptcy bill
(DBN)

Municipal bankruptcy bill is back and still lousy
(DBN)

Alabama storms to hurt Jefferson County finances
(DBN)

Atlanta Police Say “No Way” to Mayor’s 401(k)
(DBN)

Bankruptcy Court protects California bondholders from Chapter 9
(DBN)

Audit outlines more looming financial problems for Montebello
(DBN)

Lawrence mayor defiant in speech
(DBN)

______________

Trucking:

Fitch downgrades YRC Worldwide's credit rating
(DBN)

______________

Lehman:

No Fantasy in F.D.I.C. Lehman Paper
(DBN - NY Times - Paywall Limit Possible)

Rochelle on Lehman Plan
(DBN)

______________

Ethanol:

Fight Over Ethanol Subsidies Heats Up
(DBN)

______________

Asset Protection:

LLCs: Florida Acts To Resolve Olmstead Issues
(DBN)

______________

Tax:

How WaMu Beat IRS in Intangibles Case
(DBN)

The WSJ’s dubious fiscal reporting
(DBN)

______________

Education:

For-Profit College Aid Rules Sent for White House Review
(DBN)

______________

Gambling:

Busted Earnings From Las Vegas Sands Spark Selloff
(DBN)

______________

Directories:

Caribe Media Files for Chapter 11 Bankruptcy in Delaware
(DBN)

Caribe Media Files for Chapter 11 Bankruptcy With Debt up to $500 Million
(DBN)

______________

Baseball:

Dodgers May Not be Able to Cover Payroll This Month
(DBN)

Los Angeles Dodgers' Cash Crunch Won't Rush Monitor Tom Schieffer
(DBN)

______________

Hockey:

2-year battle for Phoenix Coyotes drags on in Glendale
(DBN)

NHL collects $25M from Glendale for Coyotes losses
(DBN)

______________

Compensation:

Janus suffers US pay defeat
(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)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

Vitro, WaMu, Berkline, Inverness, Tubo, Brundage: Bankruptcy
(DBN)

Thornburg, Lehman, Vitro, Nortel, Viceroy: Bankruptcy
(DBN)

______________

Bankruptcy Music:

Rocking Out With the Restructuring Gurus
(DBN)

______________

Bankruptcy Statistics:

Personal Bankruptcy Filings Moderate
(DBN)

A Deeper Dive into Racial Disparities in Chapter Choice and Women in Bankruptcy
(DBN)

The Stark Facts of Race and Bankruptcy
(DBN)

Bankruptcy filings fall in Toledo region for 8th month in row
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Rules:

The New Rule 2019 Is Headed Into the Home Stretch
(DBN)

______________

Plan Confirmation:

Court provides senior creditors with an additional mechanism for obtaining the right to vote a junior creditor's claim
(DBN)

______________

Sales:

The war over credit bidding in chapter 11 continues
(DBN)

______________

Fraud:

Beyond Raj: The Feds turn attention to Wall Street
(DBN)

The Raj trial is hurting Mckinsey
(DBN)

A rule in the Goldman Sachs handbook sounds a lot like the Raj defense
(DBN)

Irving Picard faces hurdles with Madoff clawbacks
(DBN)

Are Short Sellers Fabricating the Accounting Fraud Allegations Involving U.S.-Listed Chinese Firms?
(DBN)

Judge says Ryan artworks can be sold
(DBN)

Did Deutsche Bank Really Hide Its Bad Audits In A Closet?
(DBN)

$5.4 million gets Rothstein New York condo
(DBN)

Petters associate Vennes pleads not guilty
(DBN)

______________

Corporate Reform:

ABA chief would back Elizabeth Warren if nominated
(DBN)

ABA president backtracks from Warren comments
(DBN)

US Sen Carper: Favors Banking Industry Pro To Head Consumer Agency
(DBN)

House tries to defang consumer watchdog one tooth at a time
(DBN)

Consumer Groups Rally Against Passage of Bills to Alter CFPB
(DBN)

The war over consumer financial protection intensifies
(DBN)

Wall Street’s Sheriff Needs Many More Deputies
(DBN)

Consumer group presses Capito to announce husband's new banking job
(DBN)

U.S. Regulators Face Budget Pinch as Mandates Widen
(DBN - NY Times - Paywall Limit Possible)

U.S. Agencies Probing Senate Goldman Sachs Findings After Formal Referral
(DBN)

______________

Glass:

Sun Capital affiliate bids for Vitro US units
(DBN)

______________

M&A:

Lyondell Lawsuit Casts a Pall Over LBOs
(DBN)

______________

UK:

The Institute of Credit Management is calling for a radical change to the current regulatory framework for Insolvency Practitioners - Business Credit News UK
(DBN)

Tax will be biggest killer of businesses
(DBN)

Three quarters of firms cite tax bills as main insolvency factor
(DBN)

Pre-pack administrations and TUPE
(DBN)

Corporate Insolvency: Hospitality Industry Worst Affected
(DBN)

Debt fears rise for small businesses
(DBN)

Britons To Be Taxed On Secret Billions
(DBN)

FSA seeks more oversight of Europe firms
(DBN)

Grainger to Manage Insolvent Residential Properties for Lloyds
(DBN)

Appointment of Administrators - 3 May 2011
(DBN)

Winding Up Petitions - 3 May 2011
(DBN)

______________

EU:

S&P warns on European company defaults
(DBN)

Europe Retail Sales Decline Most in Almost a Year on Oil
(DBN)

______________

PIIGS:

Grehans' NAMA deadline expires
(DBN)

Legal action is likely as NAMA sends in receivers
(DBN)

Portugal reportedly negotiates bailout
(DBN)

Official: Portugal bailout to be $115 billion
(DBN)

Portugal aid terms likely to spark 2-year recession
(DBN)

Five ways to correct the Greek debt crisis
(DBN)

Greek Restructuring Isn't Straightforward
(DBN)

Greece Should Extend Bailout Loans, Premier's Adviser Says
(DBN)

The problems with a Greek “light dusting”
(DBN)

______________

China:

China Citic Bank sees 'severe' risk in real estate
(DBN)

End Game for US-China Economic Standoff
(DBN)

______________

MENA:

Dubai World Chairman: Committed To Creditors
(DBN)

______________

Pakistan:

They Called Themselves The Khans, Paid Their Bills On Time, Drove A Red Suzuki... Meet The Bin Ladens
(DBN)

______________

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Copyright 2011