December 10, 2009

The Daily Bankruptcy News

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Law:

Law Firm Revenue Forecast to Drop as Much as 10% This Year
(DBN)

Hiring Lawyer Getting Resumés from Ivy League Law Grads for First Time
(DBN)

Heller Leaders Saw Failure Looming, Documents Show
(DBN)

Legal Heavies Tackle the First-Year Associate Dilemma
(DBN)

The Recession Takes A Toll
(DBN)

Associate Bonus Watch: Boies Will Be Boies Generous bonuses, above-market base salaries.
(DBN)

David Boies Has a New Home
(DBN)

Alabama's King Now Highest Paid Attorney General
(DBN)

DLA Piper: Killing Lockstep Follow-Up
(DBN)

NYLJ 100
(DBN)

Barnes & Thornburg Adds bankruptcy Partner
(DBN)

Taylor English Duma Adds Bankruptcy Partner (scroll down)
(DBN)

Sullivan & Cromwell Plans for New Chairman
(DBN)

Kirkland & Ellis elects corporate lawyer as new chairman
(DBN)

Paul Hastings, Allen & Overy On Hand as W Hotel Changes Hands
(DBN)

Drinker Biddle and Stoel Rives are Expanding in California
(DBN)

Ho! Ho! Ho!: Santa Comes Early for Firm With $5 Million Bonus on Fees
(DBN)

Detective Says Death of L.A. Lawyer Might Be a ‘Targeted Killing’
(DBN)

Rothstein: Levin lawyers up; Spinosa gone
(DBN)

Billionaire Sex Offender’s Racketeering Suit: Rothstein Lawyers Lied About Me
(DBN)

Attorney, firm seek LeNature lawsuit dismissal
(DBN)

Debevoise Sues to Collect $6M Bill; Client Cites 50 Lawyers, ‘Subpar’ Work
(DBN)

Counsel for eBay Endures Fiery Cross-Examination by Craigslist Lawyer
(DBN)

As Law Firms Respond to Crisis, 21% of Law Students Regret Choice
(DBN)

My Job Is Murder: Of Explanations and Escapes
(DBN)

Good News on Jobs: More Interviews
(DBN)

A Class For Change
(DBN)

Canadian Lawsuit of the Day: Lawyer Not Charmed By Witch’s Ruse
(DBN)

A Beauty Queen in an Orange Jumpsuit? Former Law Student Kumari Fulbright Is Prison-Bound
(DBN)

Woman who sued employer over jury duty is awarded $150,000
(DBN)

Incarceration Map
(DBN)

Gonzales Says He Shouldn't Have Fired U.S. Attorneys
(DBN)

The outlook for law firms with a presence in Dubai
(DBN)

Debt chaos signals the end of West's love affair with Dubai
(DBN)

Say What?!
(DBN)

Law Firm Abandons iPhone After Experts Warn of Security Issues
(DBN)

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Judges:

Why You Shouldn't Take it Hard If a Judge Rejects Your Friend Request
(DBN)

Justices Give Unusual Leeway to Lawyer Attacking Honest Services Law
(DBN)

Sotomayor Draws Retort From a Fellow Justice
(DBN)

When Public Misunderstands a Legal Ruling, Judges Have an Option
(DBN)

Pa. Conduct Board Tabled Complaint Against Judge in 2006, Chairman Says
(DBN)

Former Judge Halverson Rolls Back Into the News
(DBN)

Kozinski is Colorful in Dissent
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

Stock markets to focus on jobs
(DBN)

US stocks end with first gains in three days
(DBN)

Are Goldman Sachs Bankers Really Carrying Guns?
(DBN)

Volcker Slams Wall St. Financial Innovation
(DBN)

Morgan Stanley Exec Changes License Plate After No One Finds Joke That Funny
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Gloomy Employment Picture For California
(DBN)

Need a Job? Where to Look Right Now
(DBN)

How Obama Plans to Avoid a Jobs 'Katrina'
(DBN)

Consol Energy has issued layoff warnings to 500 workers
(DBN)

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Banking:

Bank of America : Check's in the mail
(DBN)

How BofA Got Out of a Harsh Penalty
(DBN)

BofA Board Meets: Close on CEO Decision
(DBN)

BofA's Montag Spends $4.88 Million in TARP Offering
(DBN)

Citi To Raise Capital, Pay Back TARP
(DBN)

Volcker to bankers: 'Your response has been inadequate'
(DBN)

Greater Atlantic Financial ponders liquidation
(DBN)

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Fraud:

If Honest-Services Law is Struck, Will an ‘Earthquake’ Ensue?
(DBN)

Senators Press Officials on Scope of Fraud Prosecutions
(DBN)

Subprime Losses Don't Warrant Lawsuits, XL CEO Says
(DBN)

Lawmakers blast SIPC, Madoff bankruptcy trustee
(DBN)

SEC Proposal Aimed at Early Madoff Investors
(DBN)

Answers elude victims of Madoff's 'big lie'
(DBN)

Legislator: Madoff 'victims being victimized again'
(DBN)

US Rep Kanjorski Warns Madoff Victims Help May Be Limited
(DBN)

Madoff victims may recover more cash via new tax rules than from clawbacks
(DBN)

Queens Ponzi flourished as Madoff imploded
(DBN)

Ex - IBM Exec & Others Deny SEC Charges In Galleon Case
(DBN)

Broadcom Co-Founder Samueli's Guilty Plea Set Aside by Judge
(DBN)

Additional Allegations of Prosecutorial Misconduct Raised in Broadcom Case
(DBN)

New Organization Aims To Help Victims Of Investment Fraud
(DBN)

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Sovereigns:

Countries' Debt Woes Pose Risk to Upturn
(WSJ: separate paid subscription required)

______________

Credit Cards:

Companies not expected to be hit hard by credit card reform
(DBN)

Amount of debt tied to credit cards continues to drop in October
(DBN)

Gen Y buried in plastic debt
(DBN)

Higher Rates Paying Off for Credit Card Firms
(DBN)

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Economy:

Treasury Secretary Geithner extends TARP into late 2010
(DBN)

The Incredibly Ambiguous TARP
(DBN)

White House Jobs Proposal Draws Weak Praise
(DBN)

Warren: TARP not a "slush fund"
(DBN)

Elizabeth Warren: It Ain't Over Yet
(DBN)

Boehner: Shut Down TARP by Year's End
(DBN)

Gregg: Extra TARP Funds 'Don't Exist'
(DBN)

Geithner Outlines Future for TARP
(DBN)

Jitters Over Geithner's TARP Plans
(DBN)

What's behind mixed signals from Obama and Geithner on TARP?
(DBN)

Obama Won't Use TARP Funds For Two Components Of Jobs Push
(DBN)

Where has the bailout money gone?
(DBN)

Cash for Caulkers: $12,000 a Home
(DBN)

Former Bailout Czar Signs On With Firm That Helped Run Bailout
(DBN)

Era of Meanness, Greed Drawing to End: GE's Immelt
(DBN)

Hard Times for Elderly in Rural Areas
(DBN)

Odd Economic Indicators
(DBN)

Thousands of Stimulus Reports Missing
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

Bailout Tracker
(DBN)

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Real Estate:

Only 10,000 Permanent Loan Modifications So Far
(DBN)

Why Loan Modifications Are Like 'Jurassic Park'
(DBN)

Foreclosure filings fall 8 percent in November
(DBN)

Warren report says federal plan not stemming foreclosure crisis
(DBN)

US Homeowners Lost $5.9 Trillion Since 2006 Peak
(DBN)

A better forecast on mortgage, credit delinquencies
(DBN)

Deutsche Sees New Year's Surge of Fannie, Freddie Buyouts
(DBN)

CMBS: Back in Business?
(DBN)

Commercial Real Estate Loan Defaults Rise in Third Quarter
(DBN)

SL Green snaps up loan on 510 Madison - Setting the stage for bankruptcy?
(DBN)

Home Values Plummet $500 Billion in '09
(DBN)

Phoenix ending year with 5th largest drop in home values
(DBN)

Merced goes to top in nation's foreclosures
(DBN)

Metro Denver housing sales surge 23 percent in November
(DBN)

Mortgage Rates Post Modest Uptick, Refinancing Up
(DBN)

Lawmakers growing frustrated with mortgage-relief failures
(DBN)

Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too
(DBN)

'Toxic Titles' Worth Less than Cost of Foreclosure
(DBN)

Mortgage company accounts scrutinized
(DBN)

Companies, government pushed on mortgage program
(DBN)

High-End Home Price Reductions Set To Accelerate Next Year
(DBN)

Lewie Ranieri is championing an inventive solution for fixing the mortgage mess he's accused of enabling in the first place
(DBN)

When a House Is Not a Home
(DBN)

CalPERS firing some real estate investment partners
(DBN)

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Lehman:

Barclays, Boies Schiller Blow Open Attorney-Client Privilege in Lehman Case
(DBN)

Richard Fuld, Lost in the Matrix
(DBN)

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Telecoms:

FairPoint Delays Filing Bankruptcy Reorganization Plan
(DBN)

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Agriculture:

Evicted Farmer Asks Judge to Order Bank to Care for His Animals
(DBN)

______________

Mining:

Grupo Mexico closes deal to reacquire Asarco
(DBN)

Asarco emerges; bonuses sought
(DBN)

End of ASARCO bankruptcy settlement brings millions to MT
(DBN)

Minco Silver makes US$12.5 million bid for Sterling Mining Company
(DBN)

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Building Materials:

Generation Brands Receives Approval of First Day Motions
(DBN)

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Trucking:

YRC Teamsters in Chicago Vote Down Wage Cuts a Third Time
(DBN)

YRC needs more bondholders to agree to debt-swap to avoid bankruptcy
(DBN)

______________

Newspapers:

Cashing Out Of Freedom Isn't Free, Either
(DBN)

Star Tribune sticking with Associated Press; reorg plans delayed
(DBN)

______________

Theme Parks:

Unpaid Ghost Town workers were warned pay might not come
(DBN)

______________

Compensation:

GE chief attacks executive 'greed'
(DBN)

______________

Hedge Funds:

More Signs of Revival in Hedge Fund Industry
(DBN)

______________

Hotels:

South Beach's Gansevoort hotel to be auctioned in foreclosure sale
(DBN)

______________

Corporate Governance:

Insolvency, Bankruptcy, and the Board: Risk, Rules, and Realities
(DBN)

______________

Construction:

General Crane files Chapter 11
(DBN)

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Distressed Investing:

U.S. Treasury suspends TCW's toxic asset fund
(DBN)

______________

Accounting:

Rumor Mill: Ernst & Young Layoffs Move on to the Advisory Practice
(DBN)

______________

Defaults:

The Coming Wave of Debt Defaults
(DBN)

______________

 

New Bankruptcy Opinions
(1 new opinion 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)

______________

Bankruptcy Statistics:

November Bankruptcy Filings Decline, Following Seasonal Pattern
(DBN)

______________

Food/Drink:

Pilgrim's Pride To Exit Bankruptcy
(DBN)

KFC, Arby's franchise owner files for bankruptcy
(DBN)

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Tax:

House Votes to Boost Private Equity Taxes, Renew Tax Breaks
(DBN)

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Pensions:

Riverstone exec pays $20 mln in pension probe-NY AG
(DBN)

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Insurance:

Fitch Ratings Expects Insurance Losses to Rise
(DBN)

______________

Aviation:

Delta Air, United Say Business Travel Returns as Slump Recedes
(DBN)

Southwest Airlines chief plays down business travel rebound
(DBN)

Regional airlines are scrambling for new strategies
(DBN)

______________

Electronics:

BlueHippo files Chapter 7 bankruptcy
(DBN)

______________

Movies:

Overseer: Liquidate Film Studio in Saints Dispute
(DBN)

______________

Ethanol:

Fergus Falls ethanol plant files for bankruptcy
(DBN)

Bankrupt ethanol plant sells for $15M
(DBN)

______________

Autos:

GM's Man In The Hot Seat
(DBN)

UAW retirees are getting some welcome news
(DBN)

Arbitration between auto-dealers and makers on fast track
(DBN)

Durbin, Hoyer Announce Plan to Resolve Disputes with Terminated Auto Dealers
(DBN)

Health of automotive lenders improves
(DBN)

Auto jobs at lowest point in 46 years
(DBN)

Joe Prebul Back In The Car Business
(DBN)

______________

Chemicals:

Lyondell creditors back Reliance Industries
(DBN)

_____________

Retailing:

General Growth attractive but not an easy buy
(DBN)

After 2,500% Gain, Pershing's Not Done with General Growth Properties Yet
(DBN)

Neiman Marcus' 1Q profit falls 34% as luxury demand remains weak
(DBN)

West Oaks Mall sold out of foreclosure
(DBN)

______________

Museums:

New York's Folk Art Museum Stops Payments for Bonds
(DBN)

______________

Committees:

The Return Of The Rule 2019 Question: Delaware Bankruptcy Court Weighs In On Whether Creditor Groups Must Disclose Trading Data
(DBN)

______________

Corporate Reform:

Wall Street Reform Hits Main Street - A massive tax on America's most successful companies
(DBN)

House to Begin Debate for Financial System-Amendments in Limbo
(DBN)

US House Debates Financial Rules Revamp Amid Clash Over Fund
(DBN)

Centrist, conservative Democrats delay financial reform debate
(DBN)

Debating Wall Street regulations not easy for Dems
(DBN)

Democrats in Disarray Over Bank Rules
(DBN)

Some Wall St. Firms Too Big - to Punish
(DBN)

______________

Batteries:

Turning Out The Lights: Imara, A Lithium-Ion Battery Maker
(DBN)

______________

Gambling:

Horizon dealers seek work; casino mum
(DBN)

______________

Finance:

CIT = Shareholder Death?
(DBN)

CIT Leaves Bankruptcy, With Questions
(DBN)

CIT still facing regulatory hurdles post-Chapter 11
(DBN)

______________

Health Care:

Regional sues ex-management, seeks $46M
(DBN)

______________

Derivatives:

Soros: CDS Market is Just Legal Homicide
(DBN)

______________

UK:

Britain to Levy a One-Time Tax on Banker Bonuses
(DBN)

UK Bankers Fume Over Bonus Levy, Others Welcome It
(DBN)

UK Banks to Swallow 'Poison Pill' of Bonus Tax
(DBN)

Bankruptcy is Too Easy
(DBN)

______________

Canada:

CanWest says Goldman hampering restructuring
(DBN)

______________

China:

Recession Elsewhere, but It’s Booming in China
(DBN)

______________

Greece:

On Brink of Bankruptcy , Greece Spreads Panic in European Union
(DBN)

Greece 'will avoid bankruptcy ': Eurogroup head
(DBN)

______________

Latvia:

Latvian economy shrinks 19 pct in 3rd quarter
(DBN)

______________

Middle East:

Dubai debt concerns spread beyond Dubai World
(DBN)

______________

 

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