August 10, 2009

The Daily Bankruptcy News

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Law:

Linklaters Faces Dispute Over Layoffs
(DBN)

Where the Work Is: Lawyers Recommend These Practice Areas in Recessionary Times
(DBN)

NY Partner, Firm Cash In for $15 Million in Madoff Scandal
(DBN)

There's a bull market on Wall Street. Not for investors, but for a handful of elite lawyers and financial pros
(DBN)

Between a Rock and a Hard Case
(DBN)

Last Week In Layoffs
(DBN)

Layoff Watch: Akerman Senterfitt
(DBN)

Firm considers making cash call
(DBN)

Davis Polk Escorts Morgan Stanley Out of TARP
(DBN)

Solo Story: A Chat With Big-Firm Refugee Mitchell Matorin
(DBN)

Democrats Take Aim at Supreme Court Decisions
(DBN)

Blank Rome Settles Malpractice Claim for $20 Million
(DBN)

Firm That Took On Legal Malpractice Case Now a Defendant in One
(DBN)

Older but Wiser: Get With the Program!
(DBN)

Disgraced Former UBS GC Now a Williams & Connolly Partner
(DBN)

Bucking Trend, Pupillage Salaries in London on the Rise
(DBN)

Violent Terms Are Often Used in Defense Work, Attorneys Say
(DBN)

MBA, JD, or PhD
(DBN)

Vacation Memo: Elie
(DBN)

Law Firm Won Tax Case, But Says Ex-KPMG Partner Still Owes $1.3M Bill
(DBN)

Billion Dollar Firm Faces Suit by Axed Staffer
(DBN)

Legal Secretary Loses in Suit Against BigLaw Firm, Partner
(DBN)

RocknRolla
(DBN)

Extortion Conviction Upheld for Lawyer Who Threatened Hair-Cut Pricing Suit
(DBN)

Why Did Pfizer Resort to 'Michael Clayton' Tactics at First Neurontin Trial?
(DBN)

Justice Comes to Alberto Gonzales
(DBN)

Questions for Alberto Gonzales - The Counselor
(DBN)

In Stunning Development, Lawyer Gets Tasered Again - Twice
(DBN)

Disbarred Lawyer Busted for Forging Ruling in Case He Never Filed
(DBN)

Prisoner Says Jail Lost His Leg
(DBN)

Video Takeoff of Dancing 1L Imagines Divorce Court Boogie
(DBN)

Who Needs Retirement? 101-Year-Old Lawyer Chugging Right Along
(DBN)

Lawyer of the Day: Patrick J. Manshardt
(DBN)

Say What?!
(DBN)

______________

Judges:

Sotomayor Confirmed to U.S. Supreme Court
(DBN)

Friends: Justice Sotomayor Has a Fun Side
(DBN)

Sotomayor: Soon-To-Be the Nation’s Most Famous Door-Answerer
(DBN)

Now Well-Worn ‘Wise Latina’ Phrase is Worn, Literally, By Sotomayor Fans
(DBN)

Obituary: Judge Robert M. Takasugi
(DBN)

Senate Confirms Legal Nominees, but Not the Biggest Ones
(DBN)

Cameras Come to the Supreme Court -- in HD, No Less
(DBN)

His Honor, The Pimp: Ex-Judge Gets Prison for Recruiting Prostitutes
(DBN)

With Soto in the Can, White House Steps up the Appointments
(DBN)

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Wall Street:

European Stocks Retreat
(DBN)

FTSE Down 0.7 Pct
(DBN)

Dow and S&P Close at New '09 Highs
(DBN)

As media war intensifies, the squid drinks its fill
(DBN)

Templeton's Mobius Says Stocks Face 30% 'Correction' This Year
(DBN)

What's Missing in Earnings Reports: Revenue Growth
(DBN)

VIX Signals S&P 500 Swoon as September Approaches
(DBN)

Something Is Rotten In The State Of Wall Street
(DBN)

Was Goldman Sachs ever close to failure?
(DBN)

One measure of Goldman Sachs' risk
(DBN)

The lamest business excuse of 2009: "We're a good company with a bad balance sheet."
(DBN)

Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

The Jobs Report: Not as Bad, but Not Good
(DBN)

Jobless Figures: Good, Bad, or Indifferent?
(DBN)

Firms Pare Severance Packages
(DBN)

Finance Layoffs: AIG, Wells Fargo and more
(DBN)

Altia Furloughing 650
(DBN)

Kindred Healthcare intends to layoff 573
(DBN)

Axa is set to layoff 350
(DBN)

Taylor, Bean & Whitaker is shutting down with 5,000 jobs at stake
(DBN)

Unemployment For Busted Entrepreneurs
(DBN)

Teenage Unemployment Remains High
(DBN)

Jobs: Gone Today, Gone Tomorrow
(DBN)

Kick 'Em When They're Down
(DBN)

Anything for a paycheck? Rotten job is better than none
(DBN)

Where Layoffs Are the Last Option
(DBN)

Even in Texas, recovery in job market likely to be slow
(DBN)

A brutal summer for young job seekers
(DBN)

______________

Consultants:

A tale of two piggies
(DBN)

______________

Executive Compensation:

Imperfect Politics of Pay
(DBN)

Effort to Rein in Pay on Wall Street Hits New Hurdle
(DBN)

______________

Personal Finance:

Falling U.S. Birth Rates
(DBN)

Five things you shouldn't do during a recession
(DBN)

8 Vacation Spots: What’s Hot and Not in Recession
(DBN)

Avoiding Money Fights with Your Mate
(DBN)

Love in the Time of Layoff: The Appeal of Employment
(DBN)

Understanding banks' new credit criteria
(DBN)

Recession breeds vacation angst
(DBN)

______________

Book Reviews:

Books About the Financial Crisis
(DBN)

Bankruptcy Bill's Summer Reading List
(DBN)

______________

Retailing:

Retailer bailout? Ask Boscov's buyers
(DBN)

Zale Jewelry Completes Closure of 160 Stores So Far in 2009
(DBN)

When Will Retail Finally Turn?
(DBN)

Retailers nervous as back-to-school shopping season begins
(DBN)

______________

Gambling:

The Donald is compelling, but deal not done
(DBN)

Distressed AC casinos selling at bargain-bin rates
(DBN)

Economy Helps Same Old Names Resurface In Atlantic City Casinos
(DBN)

Making sense of gaming's big crash
(DBN)

Timid Gamblers Hurt Coffers in U.S.
(DBN)

Greektown Casino: Waiting for the chips to fall
(DBN)

______________

Mining:

Asarco Fight Heats Up
(DBN)

Battle over bankrupt miner Asarco heads to court
(DBN)

USW objects to Grupo Mexico's Asarco bid
(DBN)

Rio Drops After $102 Billion Excess Ore Charge Report
(DBN)

Rio Tinto Accuser Says Article Was His Own Opinion
(DBN)

______________

Trucking:

Frozen Food Express Loses $5.2 Million
(DBN)

Quality Distribution Posts Big Loss
(DBN)

______________

Shipping:

Shipping foreclosures set to rise
(DBN)

______________

Consumer Debt:

Consumer debt keeps shrinking, voluntarily and otherwise
(DBN)

Revolving Credit Down In June
(DBN)

______________

Apparel:

At Long Last, Hartmarx Is Sold to Investors
(DBN)

______________

Jewelry:

Gordon Bros Named "Stalking Horse" for Finlay Enterprises
(DBN)

______________

Mass Torts:

Chrysler and Sales Free and Clear
(DBN)

______________

Non-Profits:

Bankruptcy leaves Rainbow's creditors asking what's next
(DBN)

______________

Credit Cards:

How Americans Got Into a Credit Card Mess
(DBN)

Credit card companies fail, businesses scramble
(DBN)

_____________

Golf:

Quintero Golf Club facing foreclosure
(DBN)

______________

 

Economy:

US Cuts Less Jobs Than Forecast
(DBN)

Optimism over US unemployment drop is premature
(DBN)

Krugman Says World Avoided Second Great Depression
(DBN)

All Eyes Turn To Meeting of Fed Committee
(DBN)

Paulson’s Calls to Goldman Tested Ethics
(DBN)

Why was Goldman invited to the AIG bailout party?
(DBN)

Paulson, Goldman CEO spoke often in heat of crisis
(DBN)

Stimulus: How Fast We're Spending $792 Billion
(DBN)

Deficit grew by $181 billion -- in July
(DBN)

Big Mac Says All About World After Lehman's Fall
(DBN)

$700 billion in TARP funds difficult to track
(DBN)

In Eight Cities, Wait Continues for Stimulus-Led Recovery
(DBN)

Fed likely to keep key interest rate at record low
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

$75 Billion Carrot, but Few Nibbles
(DBN)

Fed Focusing on Commercial Real-Estate Recession as Bernanke Convenes FOMC
(DBN)

Freddie Mac Reports Profit
(DBN)

Do Fannie and Freddie Need a 'Bad Bank?'
(DBN)

Lehman Bros. wins $50M foreclosure judgment in Delray Beach
(DBN)

Mansions Go Under the Gavel
(DBN)

The Law, Economics and Psychology of Subprime Mortgage Contracts
(DBN)

Expensive homes miss the recovery
(DBN)

Ethics Panel Clears Dodd in Countrywide Refinancing
(DBN)

Key Lawmaker Received Countrywide Loans
(DBN)

Shocker: Ethics Committee Clears Dodd and Conrad
(DBN)

Beazer Homes Improves Losses
(DBN)

Arizona's Commercial Real Estate Bloodbath
(DBN)

Lawsuits Claiming Abuse Mount for Gov't Mortgage Partners
(DBN)

Fannie Mae Paydowns Drop as Buyouts Rise
(DBN)

"I'm a developer. That doesn't mean I'm evil."
(DBN)

Madison Avenue Retail Rents Plunge
(DBN)

Bundled Mortgages Pose Problems for Housing Program
(DBN)

Economy casts shadow over Houston real estate
(DBN)

First-time home buyer tax credit faces increased IRS scrutiny
(DBN)

Vacancies Curb California Recovery
(DBN)

Luxury home builder Impel Inc. files for bankruptcy protection
(DBN)

Want a Good Deal on a House? Check the Crime Blotter
(DBN)

48% Underwater? Lawler Challenges Deutsche Bank Report
(DBN)

How to Save an ‘Underwater’ Mortgage
(DBN)

_____________

Private Equity:

For Private Equity, a Very Public Disaster
(DBN)

Cypress Group Faces Vote For Survival
(DBN)

How PE (Didn't)Get Its Groove Back
(DBN)

Blackstone H1 Shows PE Up; Hedge Funds Down from Year Ago
(DBN)

"We're a Big Mid-Market Fund" and Other Head-Scratchers From the Blackstone's Earnings Call
(DBN)

______________

Mail:

It’s Time to Stay the Courier
(DBN)

______________

Fashion:

A Little Less Vogue
(DBN)

______________

Derivatives:

Derivatives Fuel Berkshire Hathaway's 14% Q2 Earnings Rise
(DBN)

______________

Tax:

UBS, IRS still working out deal
(DBN)

UBS clients still safe from IRS
(DBN)

Your Token IRS/UBS Update
(DBN)

UBS Shares Lower Amid U.S. Tax Talks
(DBN)

UBS tax talks stall over data transfer details
(DBN)

Former Rabbi Charged in $35M Tax Fraud Scheme
(DBN)

Tax Haven Smackdown!
(DBN)

Rhode Island shutting down small business for non-payment of taxes...
(DBN)

______________

Newspapers:

Platinum Equity bids for Boston Globe
(DBN)

What's a Big City Without a Newspaper?
(DBN)

Newspaper Ad Revenue To Recover
(DBN)

Small is beautiful (and successful)for newspapers
(DBN)

Seattle Times Newspaper Rebounds To Profit?
(DBN)

Lament for a Dying Field: Photojournalism
(DBN)

______________

Accounting:

Loyal accountants may jump ship when economy rebounds
(DBN)

Capgemini First Half Flat, But Second Half Expected Down, Sober Outlook
(DBN)

Rumor of the Day: Comp and Bonus Pools at Big 4 Seriously Depleted
(DBN)

Bob Herz is the Most Dangerous Man in America
(DBN)

______________

Hockey:

Lawyer Takes Blame in Coyotes Snafu
(DBN)

NHL's 'donnybrook in the desert'
(DBN)

Coyotes combatants mum on sale
(DBN)

Two Quotes Tell The True Balsillie Story
(DBN)

Smart lawyer is Balsillie's ace in the hole
(DBN)

NHL asks court to toss Balsillie's bid
(DBN)

Not so shocking: NHL takes lead in resolving Tampa Bay Lightning divorce proceedings
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Rise in July, Set Off Most of June's Decline
(DBN)

Middle District of Florida bankruptcies rise 50% in first half
(DBN)

Sacramento region's business bankruptcies climb 57%
(DBN)

______________

Food/Drink:

Top Chef Contestant Abandons Ship
(DBN)

Reality Hits Home for Celebrity Chef
(DBN)

Allen & Delancey Files for Bankruptcy
(DBN)

Wine collection in bankruptcy auction
(DBN)

______________

Municipalities:

Labor unions drop appeal of Vallejo bankruptcy
(DBN)

Occupational tax bill to save Jefferson County has flaws, lawyer for county says
(DBN)

Alabama Supreme Court to hear Jefferson County occupational tax
(DBN)

Detroit's personal income growth one of slowest in U.S.
(DBN)

Amid cost cutting, L.A. city pensions continue to soar
(DBN)

‘An Interesting Debate’: How To Clear 40,000 From California’s Prisons?
(DBN)

The state budget blues
(DBN)

A Silence, Now Coldly Permanent, in a Mill Town
(DBN)

______________

Personal Bankruptcy:

1st Circuit Rules that Debtor may Deduct Mortgage Payments on the Means Test, Even if He Intends to Return the Property
(DBN)

______________

Telecoms:

BlackBerry maker wants Nortel sale cancelled
(DBN)

RIM says it had deal with Nortel
(DBN)

Nortel CEO to announce his departure
(DBN)

VarTec founders seek end to suit: Mitchells' lavish lifestyle remains key issue
(DBN)

______________

Lehman:

Judge OKs $96M in fees in Lehman
(DBN)

______________

Religion:

N.S. diocese reaches $13-million settlement in abuse case
(DBN)

______________

Small Business:

Entrepreneurs in a recessionary era
(DBN)

______________

Financial Literacy:

Giving kids 'the talk' about money
(DBN)

______________

Politics:

Opposition Emerges to House's Jet Spree
(DBN)

______________

Agriculture:

For small dairies, hard times abound
(DBN)

______________

Corporate Governance:

New shareholder in town could muddy the governance waters
(DBN)

Task Force of the ABA Committee on Corporate Governance Issues Report on the Delineation of Governance Roles and Responsibilities
(DBN)

______________

Art:

Annie Leibovitz's Epic NY Renovations Spurred Lawsuit, Debt
(DBN)

______________

Consumer Goods:

Wilton creditors drop Chapter 11 pressure
(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 Jobs:

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

This Week's Poll:

The recession is ending, but bankruptcy lawyers will remain busy for ____ years.

Click here to vote and see results

Last Week's Poll Results (GM-Gov't)

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Health Care:

How to Count Medical Debt in Bankruptcy
(DBN)

Consumer Reports goes into the hospital ratings business
(DBN)

Insurers Fight Back on Health Overhaul Quietly
(DBN)

Why Paying for Health Care Reform Is Difficult and Essential
(DBN)

Health-Plan Tax May Hit Wide Group
(DBN)

Help Wanted: Health Care Still Adding Jobs
(DBN)

Town Hall Crowd Shoots Health Message, Messenger
(DBN)

______________

Banking:

Bank lobbyists winning battle against regulation
(DBN)

US banks to make $38 billion from overdraft fees
(DBN)

US Bank Failures Rise to 72 With Collapses in Florida, Oregon
(DBN)

Remote Deposit Capture (RDC)iPhone App
(DBN)

J.P. Morgan's Compiling A WaMu Who's Who
(DBN)

Morgan Stanley leaves smaller TARP tip
(DBN)

How many banks will fail?
(DBN)

Colonial Bank Shouldn't Make Any Late Summer Plans
(DBN)

The FDIC May Have to Seize Itself
(DBN)

Is it Time To Short Wells Again?
(DBN)

The Federal Reserve: What the Hell Is It?
(DBN)

Old Banks, New Lending Tricks
(DBN)

US Bonus Masters Trounce French Amateurs
(DBN)

BofA Owes Judge Data
(DBN)

How Uncle Sam Owns Ken Lewis
(DBN)

Why Do Banks Grow Too Big To Fail?
(DBN)

______________

Autos:

How Chrysler Spruced Up Bankruptcy
(DBN)

GM to attempt IPO by July 2010: filing
(DBN)

Can GM Really Pull Off an IPO?
(DBN)

'Old GM' tries to ease fears on environmental cleanups
(DBN)

N.Y. town fumes at what GM left behind
(DBN)

GM gets to walk away from its polluted sites
(DBN)

GM's environmental quid pro quo.
(DBN)

GM sees stagnant '09, fears losing consumers
(DBN)

EBay, GM set to start car-selling trial Tuesday
(DBN)

U.S.: Don't expect more supplier aid
(DBN)

American Axle not going Chapter 11
(DBN)

Dealers submit more than $1B in 'clunker' requests
(DBN)

Some scrap yards find Cash for Clunkers program to be a pain in the wrecks
(DBN)

Top Ten Most Traded in Clunkers
(DBN)

Where clunkers go to die
(DBN)

Meridian Automotive Systems files for Chapter 7 liquidation
(DBN)

Some Olds dealers lose again
(DBN)

Auto Settlement for UAW Pensions Sets Bad Precedent
(DBN)

Magna posts $205 million loss as auto-parts sales plunge
(DBN)

Magna International is still in running to purchase Opel
(DBN)

RHJ Still Has 'Good Chance' of Winning Opel, Fischer Tells HB
(DBN)

______________

Fraud:

Feds: Former Madoff CFO to Plead Guilty to Criminal Charges
(DBN)

Ex-Madoff Finance Chief Could Point US to Other Accomplices
(DBN)

Madoff Victims May Wait 15 Yrs. For Full Payout
(DBN)

Sanford's Wife Moves Out
(DBN)

Politicians return Stanford cash
(DBN)

Civil lawyer tossed from Stanford's criminal case
(DBN)

Texas Hedge Fraud Scammed Own Brother
(DBN)

CFTC Says Couple Ran $22M Ponzi Scam
(DBN)

Liens stack up on house owned by Southwest Michigan native linked to alleged Ponzi scheme
(DBN)

Fraud spotlight on Hollywood
(DBN)

______________

Insurance:

D&O Insurers Seek Relief from Automatic Stay in Order to Assert Coverage Defense Counterclaims Against Investment Firm Insureds
(DBN)

For Florida insurance woes, no shortage of suspects to blame
(DBN)

AIG Turns Profit, Warns of 'Volatility'
(DBN)

AIG posts $1.82B profit; CDS unwind crawls
(DBN)

Ambac looks to alternative revenue streams
(DBN)

Government, Insurers Cast as Villians
(DBN)

______________

Celebs:

Celeb Makeup Favorite Swept Into Bankruptcy
(DBN)

Michael Jackson's Doctor is a Deadbeat
(DBN)

Promoter’s Insurance Against Jackson Concert No-Show Excluded Illegal Drugs
(DBN)

Wacko Jacko Bios Gush With Moonwalks, Pasty-Faced Finale
(DBN)

______________

Hotels:

Luxury resort offers $19 room - minus bed and TP
(DBN)

______________

Aviation:

More job cuts coming at Delta
(DBN)

Air Canada posts $155 mn profit
(DBN)

Ottawa's $100M Air Canada boost draws criticism
(DBN)

Trustee accepts Eclipse offer; bidding to start
(DBN)

United's flight attendants ask for mediator
(DBN)

Liquidity will determine how long carriers can survive, analysts say
(DBN)

BAA's UK Airport Traffic Falls 2.4% in 16th Consecutive Drop
(DBN)

______________

Oil/Gas:

SemGroup challenges former execs' insurance
(DBN)

Oil Falls for a Third Day as Gasoline Drops on Weak Fuel Demand
(DBN)

______________

Ethanol:

Losses grow for Pacific Ethanol
(DBN)

______________

Finance:

CIT moves closer to declaring bankruptcy
(DBN)

Honey, the Market Shrunk CIT
(DBN)

CIT Suspends Preferred Dividends, Saving $50 Million
(DBN)

______________

UK:

Company insolvencies jump 40% in year
(DBN)

Insolvencies rise to record levels
(DBN)

Company Administrations fall 22% on last quarter but still up 9% from last year
(DBN)

Lack of lending behind the surge in company closures, says FPB
(DBN)

Do you want the good news or the bad news?
(DBN)

Arbitration and Insolvency
(DBN)

Our mortgage nightmare
(DBN)

UK House Prices Will Rise 2% in 2010 as Slump Ends, CEBR Says
(DBN)

UK Companies Get New Loans More Easily, CBI Says
(DBN)

Top accountant attacks plan to help debtors
(DBN)

______________

EU:

European Government Bonds Rise as Stocks Snap 4 Weeks of Gains
(DBN)

______________

France:

Factory Shut Down in France After Workers Clash with Manager
(DBN)

______________

Korea:

IMF lifts Korea economic view, but sees momentum slowing
(DBN)

______________

Japan:

Japan July corporate bankruptcies +1.0 pct yr/yr
(DBN)

Japan Machinery Orders Climbed 9.7% in June
(DBN)

Japan's Merchant Sentiment Climbs to 22-Month High on Stimulus
(DBN)

______________

China:

China's Economy May Grow 9.4% This Year on `Strong Momentum,' Goldman Says
(DBN)

Guangzhou's Grand World Scenic Park reportedly closed
(DBN)

China's Property Sales Surge 60% From Year Earlier
(DBN)

Wen: No Plan to Halt China's Easy Credit Policy
(DBN)

______________

Iceland:

Van der Moolen files for protection from creditors
(DBN)

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