December 28, 2009

The Daily Bankruptcy News

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Law:

Weil Gotshal Shows Associates the Money: Seniority Raises + Bonuses of Up to $50K
(DBN)

Associate Bonus Watch: Kirkland’s Unhappy Campers?
(DBN)

Quinn Emanuel Bonuses
(DBN)

Wachtel Lipton Bonuses
(DBN)

Recruiter Loses Bid to Win Fee From Akin Gump
(DBN)

The Future of Summer Associate Recruiting
(DBN)

Deferred Associate Diaries
(DBN)

Cravath: Zero Associates Worthy of Partnership
(DBN)

Associate Bonus Watch: Mayer Brown (NY)Matches
(DBN)

Born to be Lawyers: Responses to Wurtzel’s Take on the Cravath Deal
(DBN)

How Lawyers at One Small Firm Said Goodbye to the Billable Hour
(DBN)

Some Possible New Business Models for Big Law: BOGO Anyone?
(DBN)

Hollywood Legal Icon Bert Fields Named in Pellicano Wiretap Suit
(DBN)

How the Firm Stole Christmas
(DBN)

DLA Piper: Taking the Merit Based Model Out for a Spin
(DBN)

Not the Smoothest Lateral Move
(DBN)

At Dechert — and Elsewhere? — Litigation Coming Back to Life
(DBN)

Commercial Real Estate Takes a Hit
(DBN)

Obama Nominates Wilmer Partner for U.S. Attorney Slot
(DBN)

15 Lawyers Say So Long to Dickstein, Hello to Kasowitz Benson in Same Building
(DBN)

M&A League tables
(DBN)

Judge Slashes 'Fat Cat' Bank's Bill for Subpoenaed Documents
(DBN)

Lawyer Sees No Smoking Gun in Toyota Files
(DBN)

For 2nd Time in a Week, BlackBerry Blinks; RIM Suggests Software Upgrade
(DBN)

No Place Like Home for the Holidays: Manhattan BigLaw Firms Holding On to Their Offices
(DBN)

Bankruptcy attorney: Hoping for recovery, but recession's lessons will be forgotten
(DBN)

Coal in Their Bonus Envelopes?: BigLaw Team Draws Sanctions Just in Time for the Holidays
(DBN)

Court of Chancery Finds Party in Contempt for Destruction of Evidence; Sanctions Include Heightened Burden of Proof, Waiver of Privilege and "Significant" Award of Attorneys' Fees
(DBN)

Investors Say Percy Sutton Looted Company
(DBN)

As K&L Gates Lifts Salary Freeze, Blog Explains Lingo of Pay Thaws
(DBN)

Latest Twist in Rothstein Case: Firm Loaned $35M to Lawyers & Others
(DBN)

Some Rothstein victims were repaid
(DBN)

Donations from Rothstein's firm
(DBN)

The Naughty List: Firm That Fronted for Ponzi Scheme Channeled Millions to Politicians
(DBN)

Student Taught NYU a Lesson re Alleged $409K Liquor-Store-Receipt Fraud
(DBN)

Willkie Farr Housekeeper Is Known for Her Lumpia
(DBN)

Lawyer Briefly Detained in Snowball Incident Waxes Philosophical on Rule of Law
(DBN)

ABA Presses the Case for Loan Relief for Law Graduates
(DBN)

How 5 Grads Survived a Recession—And How You Can Too
(DBN)

Say What?!
(DBN)

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Judges:

Judges Taking On Foreclosures: Activism or Necessity?
(DBN)

Judge of the Day: Donald Jackson
(DBN)

Mark Twain Lives On in Federal Judge's Ruling on Release of Medicare Data
(DBN)

Oversight of Pa. judges is wrapped in secrecy; The Judicial Conduct Board, created to protect citizens from errant judges, is criticized as doing just the opposite
(DBN)

Effort Begun to End Voting for Judges
(DBN)

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Wall Street:

Dow Jones, S&P hit new records
(DBN)

AAA investors running out of options
(DBN)

How Goldman Bet Against Its Clients and Won
(DBN)

Master of risk who did God's work for Goldman Sachs but won it little love
(DBN)

Bear Stearns Staff Parties On as Banks Scrap Events
(DBN)

Stocks to wrap up 2009 on high note
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

New U.S. jobless claims unexpectedly fall to 452,000
(DBN)

Oklahoma Sets Unemployment Claims Record in 2009
(DBN)

Even as Economy Mends, a Jobless Decade May Loom
(DBN)

Berkshire Eliminates 21,000 Jobs as Manufacturing, Retail Slump
(DBN)

KT to Eliminate 5,992 Jobs, Reduce 16% of Workforce
(DBN)

East Texas towns fear Pilgrim's Pride job cuts
(DBN)

Berkshire Has Shed 8% of Workers
(DBN)

The plight of the long-term unemployed
(DBN)

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Banking:

Banks Bundled Bad Debt, Bet Against It and Won
(DBN)

Bankers Defend Lack of Lending
(DBN)

A Bank Idea, With Ancient Roots, for Helping Small Businesses
(DBN)

WesBanco completes pullout from US Treasury's TARP
(DBN)

Banks Push Back Against Foreign Police Access to Records
(DBN)

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Municipalities:

Schwarzenegger May Appeal to Obama as $21 Billion Deficit Defies Solution
(DBN)

Cities Downsize Ambitions Amid Slump
(WSJ: separate paid subscription required)

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Hollywood:

MGM: We Won't Sell to Just Anybody
(DBN)

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Economy:

Jobless claims, durable goods point to improvement
(DBN)

Demand for Durable Goods Softer Than Expected
(DBN)

Incomes, spending up; U.S. new home sales plunge
(DBN)

Geithner: Job growth should resume by springtime
(DBN)

Recession Slows Population Rise Across Sun Belt
(DBN)

12 Days of Gift-Giving Cost True Love $21,466
(DBN)

The Big Economic Stories of 2009, and What’s to Come
(DBN)

Recession? Teenagers Get It, and Are Cutting Back
(DBN)

Winners and losers for the year
(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:

Foreclosure Cases Raise Questions
(DBN)

To modify or not to modify - Depends on credit, regulatory, accounting and legal considerations
(DBN)

Owning Home No Longer the American Dream
(DBN)

New US Home Sales Fall 11.3% in November
(DBN)

Advertising with Impunity on Craigslist, Foreclosed-Home Strippers Avoid Sanctions
(DBN)

Mortgage Rates Cross 5%
(DBN)

Subprime Crisis Part Two Coming Soon
(DBN)

US promises unlimited financial assistance to Fannie Mae, Freddie Mac
(DBN)

U.S. Move to Cover Fannie, Freddie Losses Stirs Controversy
(DBN)

Here's The Secret Reason We Eliminated The Bailout Caps On Fannie And Freddie
(DBN)

Mortgage Titans Resist Shrinkage
(DBN)

Freddie Mac sees rates headed to 6 pct by end of 2010
(DBN)

Fannie and Freddie: The Gifts that Keep on Giving
(DBN)

Heads of Fannie and Freddie Could Earn $6 Million
(DBN)

Fannie and Freddie's Huge Christmas Bonus
(DBN)

Home Equity Lending Evaporates
(DBN)

No Consequences for Lying Borrowers
(DBN)

Can We Take Housing Off Life Support?
(DBN)

Beazer Homes Settles Subprime-Related Derivative Lawsuit
(DBN)

Why U.S. Home Sales Are Both Up and Down
(DBN)

Why NY Fed Economists Expect Homeownership Rate To Keep Falling
(DBN)

Park Lafayette developer files Chapter 11
(DBN)

S&P Downgrades Five Mortgage Insurers
(DBN)

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Health Care:

Senate passes health care overhaul
(DBN)

Democrats Say Final Health-Care Bill Will Look Like Senate’s
(DBN)

What Health Care Overhaul Means for You
(DBN)

Senate Bill: Reactions from Doctors, Insurers, Business, Etc.
(DBN)

Budget Office Rebuts Democratic Claims on Medicare
(DBN)

Holders Of Canopy's Health Savings Accounts Sue
(DBN)

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Agriculture:

Emergency help for farmers not likely in '09
(DBN)

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Personal Finance:

How to Get Extended Cobra Health Insurance Subsidies
(DBN)

Surviving with Dignity - Part II: My Father's Reflections on the Holocaust, Pre-War Poland, and a Life Rebuilt from the Ashes
(DBN)

Thinking Hard About Retirement and Death
(DBN)

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Derivatives:

Aiful Credit Swaps Ruling May Come Next Week After UBS Request
(DBN)

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Gambling:

Black Gaming Files Chapter 11 Bankruptcy Plan
(DBN)

Problems for Palm Beach Princess
(DBN)

Senior members of Palm Beach Princess crew fired
(DBN)

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Furniture:

Chinese white knight to save Simmons
(DBN)

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Retailing:

Holiday Retail Sales Rose an Estimated 3.6%, SpendingPulse Says
(DBN)

Sparse Shelves Greet post-Christmas Deal Hunters
(DBN)

Zale Said to Work With Bank Rothschild on Options
(DBN)

General Growth Properties: Ackman vs. Hovde vs. Me
(DBN)

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Corporate Governance:

What Iceberg? Just Glide to the Next Boardroom
(DBN)

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Aviation:

Failed Attack Likely Won't Crash Airline Stocks
(DBN)

Ailing JAL faces bankruptcy option: report
(DBN)

London bigwigs dragged into Flyglobespan row
(DBN)

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Biotech:

HyperMed Files for Bankruptcy
(DBN)

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Food/Drink:

P&C will be in business at least through January
(DBN)

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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)

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Bankruptcy Poetry:

Bankruptcy Bill
(DBN)

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Fraud:

Madoff Assaulted in Prison
(DBN)

Madoff in the Prison Hospital
(DBN)

Bail Sitters
(DBN)

Madoff Victim Can’t Redo $2.7 Million Divorce Deal, Court Rules
(DBN)

Ponzi payoff probe
(DBN)

Gregory Meeks' trip to Venezuela on behalf of Stanford's bank raises ethics questions
(DBN)

Koss Executive Accused of Embezzling Company Funds to Pay Off Shopping Spree
(DBN)

$152 Million Ponzi Scheme Alleged
(DBN)

Minor, ex-judges await law review
(DBN)

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Autos:

Auto Suppliers Face an Uncertain Life After Nummi
(DBN)

Auto Suppliers Turn Around - New Credit, Quick Restructurings of GM and Chrysler Sustained Parts Makers
(WSJ: separate paid subscription required)

Decline in Number of US Auto Dealerships
(DBN)

GM pays new CFO $US750,000, plus stocks
(DBN)

The Long Goodbye for Dying Brands
(DBN)

Visteon benefits might decline
(DBN)

Chinese carmakers take ground with Saab and Volvo
(DBN)

Sberbank wants GM to compensate for Opel
(DBN)

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Credit Cards:

CARD-ing profit$
(DBN)

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Radio:

Invisible Airwaves Crackle With Debt
(DBN)

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Chemicals:

RIL ups cash component of its LyondellBasell acquisition offer
(DBN)

LyondellBasell files motion to settle claims
(DBN)

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Compensation:

AIG CEO Battles U.S. Over Pay
(WSJ: separate paid subscription required)

AIG investigated executives regarding pay moves
(DBN)

Feinberg Approves Pay for 3 Officials
(DBN)

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Religion:

Monsignor Testifies as Grand Jury Probe of L.A. Diocese Steps Up
(DBN)

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Celebs:

White House Party Crashers No Stranger to the Court System
(DBN)

Salahis Face So Many Suits that Court Clerks Recognized their Name
(DBN)

Psst... Is Naomi Campbell filing for bankruptcy ?
(DBN)

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Environmental:

Asarco's bid to use bankruptcy to avoid cleanup a cautionary tale
(DBN)

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Corporate Reform:

Dimon, Blankfein, Mack Among First to Testify at Crisis Panel
(DBN)

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Education:

Flight school caught in fraud case
(DBN)

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UK:

Britain's Cost of Borrowing Rises
(DBN)

Millions face new pay freeze in 2010
(DBN)

Pounding for PM over debt crisis
(DBN)

Dickensian ‘logbook loans’ to be banned
(DBN)

Payback must wait
(DBN)

Bumper Christmas sales as shoppers flood the stores
(DBN)

Trade credit insurers pay out record amount in claims
(DBN)

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Canada:

2009: A very eventful year for bankruptcy in Canada
(DBN)

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Mexico:

More Mexicans returning home to poverty
(DBN)

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Japan:

Aiful Avoids Bankruptcy as Creditors Said to Approve Debt Plan
(DBN)

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Ireland:

In Ireland, 'Tis the Season to Be Angry
(DBN)

Two more bishops resign in Irish church scandal
(DBN)

Irish finance minister may be forced to retire
(DBN)

Retailers revel in unexpected Christmas spree
(DBN)

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Middle East:

Dubai learns harsh truth about financial centres
(DBN)

Dubai World Restructuring Subject to Special Purpose Government Decree
(DBN)

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Russia:

Court Gives Yukos a Rare Victory
(DBN)

Russia Cuts Interest Rates for 10th Time This Year
(DBN)

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