July 16, 2009
The Daily Bankruptcy News
| Also available on the Web (with links to the news stories) | Click Here |
| Prior editions: | Click Here |
| Search prior headlines: | Click Here |
| Search prior New Opinions: | Click Here |
Law:
BigLaw Gloom, In Hopes of Avoiding Doom: Morgan Cuts 2010 Program
(DBN Subscription Required)
Wanted: Unemployed Lawyers for Unpaid Work
(DBN Subscription Required)
Morgan, Lewis Cancels 2010 Summer Hiring Program
(DBN Subscription Required)
MegaFirm Names One - One? That's It? You Gottabekiddinme - New Partner in Promotion Round
(DBN Subscription Required)
Incoming 1L Writes Columnist About Fear of Never Having Fun Again
(DBN Subscription Required)
Slaughters gets top marks from associates over bonus
(DBN Subscription Required)
Freshfields quits GE panel by 'mutual agreement'
(DBN Subscription Required)
Freshfields to use 'milestones' to mark associate development
(DBN Subscription Required)
Ashurst PEP falls by more than a third in 2008-09
(DBN Subscription Required)
Simmons announces results with a 20% PEP fall for 2008-09
(DBN Subscription Required)
Osborne Clarke sees PEP plummet
(DBN Subscription Required)
PEP falls 21 per cent at Pannone
(DBN Subscription Required)
Proskauer Advises Company at Center of Derivatives Probe
(DBN Subscription Required)
Minnesota AG Files Bias Suit Against Leading Arbitration Firm
(DBN Subscription Required)
5th Circuit Throws Out Scruggs' $70 Million Deal
(DBN Subscription Required)
New York City, Haven For Litigants
(DBN Subscription Required)
Corporate veteran on life in the buccaneering eighties and facing his fourth recession
(DBN Subscription Required)
Report: Biggest Bankruptcy Wave Has Yet to Hit
(DBN Subscription Required)
Notes from the Breadline: Workingman's Blues
(DBN Subscription Required)
NY BigLaw Firm Offers Partnership to Top Prosecutor Fresh Off Madoff and Dreier Cases
(DBN Subscription Required)
To the Lifeboats! Penn and UVA Allow Unlimited Clerkship Applications
(DBN Subscription Required)
Emory Law School Suggests Calm Amidst Economic Storm
(DBN Subscription Required)
Harvard Law Tells Students: Don't Panic Over Jobs, Try Richmond
(DBN Subscription Required)
Lawyer Vindicated After Long Fight for Wrongfully Convicted Brother
(DBN Subscription Required)
Donald Trump Loses Libel Suit Over Author’s Claim He’s a Mere Millionaire
(DBN Subscription Required)
Judge Sent Homeless Man to Jail for Failing to Support Boy Who Wasn’t His
(DBN Subscription Required)
Andrew Cuomo's Beauty Crackdown
(DBN Subscription Required)
Killer Clients
(DBN Subscription Required)
______________
Judges:
Required Bankruptcy Reading from Klee and Hayes for Justice-To-Be Sonia Sotomayor
(DBN Subscription Required)
Judge Bork on Judge Sotomayor: The ‘Wise Latina’ Is Not Qualified.
(DBN Subscription Required)
Sotomayor: Judges look at specific cases, not broad policies
(DBN Subscription Required)
Abortion Is Front and Center in Sotomayor Hearing
(DBN Subscription Required)
Day 3, Confirmation Hearings: 2nd Amend. Fundamental? ‘Have Not Made Up My Mind’
(DBN Subscription Required)
Sonia Sotomayor Day 3: How Many More Questions Could They Possibly Have?
(DBN Subscription Required)
Sotomayor a Shoo-In, WaPo’s Broder Says, as Experts Debate Value of Hearings
(DBN Subscription Required)
Brennan Center Report Finds Sotomayor in Mainstream Among Second Circuit Judges
(DBN Subscription Required)
Sotomayor Credits 'Perry Mason'
(DBN Subscription Required)
Judge Booted for Lewdness, Lies Now Busted for Lying, Cheating Clients
(DBN Subscription Required)
Court Sides With Preacher Jailed for Predicting God Would Smite Judge
(DBN Subscription Required)
Judge Suspended for Assigning Secretary to Help Run His Real Estate Business
(DBN Subscription Required)
______________
Wall Street:
US Stock-Index Futures Fluctuate
(DBN Subscription Required)
Stocks Get Boost From Tech, Energy
(DBN Subscription Required)
Stocks Surge in Broad Rally
(DBN Subscription Required)
Stock Market Will Crash As US Consumers Retrench
(DBN Subscription Required)
WSJ Trashes Goldman: Subsidized "Goldie Mac" Making Billions At Taxpayer Expense
(DBN Subscription Required)
Ex-Goldman talent have had influence at the highest reaches of government
(DBN Subscription Required)
Goldman’s biggest remaining risk: pay backlash
(DBN Subscription Required)
As some big banks hobble on, Goldman Sachs dazzles with huge profits. But how?
(DBN Subscription Required)
______________
Layoffs:
National and State by State Unemployment Rates
(DBN Subscription Required)
Checking in on the 'New Jobless'
(DBN Subscription Required)
New Jersey's unemployment rate hits 9.2 percent
(DBN Subscription Required)
Texas jobless benefit fund nearly tapped out
(DBN Subscription Required)
Unemployment to top 13% in Sacramento?
(DBN Subscription Required)
Mich. unemployment rate jumps 1.1% to 15.2%
(DBN Subscription Required)
CA prepares to ax 2,000
(DBN Subscription Required)
Slow recovery to keep jobless rate high, Fed says
(DBN Subscription Required)
Bidder for Nortel wireless unit warns of more job cuts
(DBN Subscription Required)
Harley-Davidson To Cut More Jobs
(DBN Subscription Required)
Lloyds Banking to Cut a Further 1,200 Jobs
(DBN Subscription Required)
Lufthansa to Cut About 400 Jobs
(DBN Subscription Required)
Workers adjust to life after pay cuts
(DBN Subscription Required)
Starting Fresh With an Unpaid Internship
(DBN Subscription Required)
French Workers Facing Layoffs Ratchet Up Threats
(DBN Subscription Required)
French parliament votes on allowing Sunday work
(DBN Subscription Required)
______________
Financial Literacy:
Teaching Kids About Money the Hard Way
(DBN Subscription Required)
______________
Retailing:
Smith & Hawken To Close Stores
(DBN Subscription Required)
Liquidators to bid for Eddie Bauer
(DBN Subscription Required)
Chang-Lima Studios joins bankrupt retailers
(DBN Subscription Required)
Hilo Hattie avoids liquidation
(DBN Subscription Required)
______________
Gambling:
Fontainebleau contractor says its liens take priority over lenders
(DBN Subscription Required)
______________
Oil/Gas:
Nexen Profit Plunges as Oil Prices, Output Slide
(DBN Subscription Required)
______________
Economy:
Reports on factory sector suggest economy is improving
(DBN Subscription Required)
Foreclosures up: 1 in 84 homes affected in first half of year
(DBN Subscription Required)
Inflation Rises in June on Jump in Price of Gasoline
(DBN Subscription Required)
Fed Saw Economy as 'Weak' and 'Vulnerable' at June FOMC Meeting
(DBN Subscription Required)
The Next Six Months
(DBN Subscription Required)
World downturn tilts up
(DBN Subscription Required)
Angelides to Lead Financial-Crisis Probe
(DBN Subscription Required)
Geithner Says US Can't Afford to Apply Growth Brake Too Soon
(DBN Subscription Required)
World Bank warns of deflation spiral
(DBN Subscription Required)
U.S. toxic asset plan draws criticism
(DBN Subscription Required)
Social Security spends $700,000 on Phoenix conference: Airfare, hotel entertainment, dancers
(DBN Subscription Required)
Deficits saved the world
(DBN Subscription Required)
'Recession is over,' BofA Merrill Lynch tells investors
(DBN Subscription Required)
Poor in Colorado may get free phones
(DBN Subscription Required)
Economy Tracker Map
(DBN Subscription Required)
Recovery Index
(DBN Subscription Required)
______________
Real Estate:
FTC, 23 States Act to Stop Sham Loan Consultants
(DBN Subscription Required)
US Foreclosures Rise 33 Percent From June 2008
(DBN Subscription Required)
Manhattan office rents drop 44%
(DBN Subscription Required)
Southern California median home sales price surges in June
(DBN Subscription Required)
The Growing Threat Of Commercial Property Bankruptcies
(DBN Subscription Required)
America's Most Troubled Luxury Neighborhoods
(DBN Subscription Required)
Hamptons Home Inventory Increases 12%, Prices Fall
(DBN Subscription Required)
Fla. retains No. 3 foreclosure ranking
(DBN Subscription Required)
MGIC Posts Eighth Straight Quarterly Loss on Mortgage Defaults
(DBN Subscription Required)
_____________
Fraud:
2nd Circuit Says Adviser's Knowledge of Bayou Hedge Fund Fraud Not Proven
(DBN Subscription Required)
Madoff’s Prison Consultant Weighs In On Inmate No. 61727-054
(DBN Subscription Required)
UBS's $42 Million Oddo Payment Reversed in Madoff Row
(DBN Subscription Required)
Stanford liquidator faces new battle over UK assets
(DBN Subscription Required)
Samuel Israel Sentenced to Two Years for Bail-Jumping
(DBN Subscription Required)
Conrad Black denied bail
(DBN Subscription Required)
Ponzi schemers face the music
(DBN Subscription Required)
Ex-NFL Player Guilty in Ponzi Scam
(DBN Subscription Required)
Satyam trio face lie detector test
(DBN Subscription Required)
Court Approves Outside Directors' Massive Settlement in Peregrine Systems Securities Suit
(DBN Subscription Required)
Montreal Adviser Ran C$50 Million Ponzi Scheme, Regulators Say
(DBN Subscription Required)
______________
Tourism:
Hawaii Looks to Space Tourism to Aid Recession Woes
(DBN Subscription Required)
______________
Health Care:
Health Reform Requires Lawsuit Reform
(DBN Subscription Required)
57% Tax Looms For Highest Earners
(DBN Subscription Required)
Republicans unveil chart depicting bureaucracy of Dem government-run health care
(DBN Subscription Required)
'Grassroots' work to promote Obama's healthcare pays $11-16 per hour
(DBN Subscription Required)
Obama May Rely on Partisan Vote for Health-Care Bill
(DBN Subscription Required)
A $1 trillion bargain
(DBN Subscription Required)
Don't Fear The Health Care Bill--Yet
(DBN Subscription Required)
______________
Municipalities:
California Is Close to New Budget Deal
(DBN Subscription Required)
______________
Corporate Reform:
Democrat Appointments to Financial Crisis Inquiry Commission
(DBN Subscription Required)
Petition for Fed Independence
(DBN Subscription Required)
Group calls Fed "tarnished," demands risk monitor
(DBN Subscription Required)
US opens second front on credit derivatives
(DBN Subscription Required)
______________
Credit Cards:
American Express Predicts Writeoffs Will Be Lower Than Forecast
(DBN Subscription Required)
Credit card makers assuage worries for financials
(DBN Subscription Required)
Card Fees Pit Retailers Against Banks
(DBN Subscription Required)
______________
Autos:
GM management changes begin
(DBN Subscription Required)
White House slams auto provision in House funding bill
(DBN Subscription Required)
Car dealers see bill as road to recovery
(DBN Subscription Required)
Obama's sobering message to Detroit
(DBN Subscription Required)
Michigan asks U.S. for loan aid
(DBN Subscription Required)
Rick Wagoner, gets retirement package worth over $10M
(DBN Subscription Required)
Visteon Becomes GE Landlord
(DBN Subscription Required)
______________
Banking:
A Tale of Two Bailouts
(DBN Subscription Required)
Federal Judge Finds Bailout Act Voids Citigroup's Bid for Wachovia
(DBN Subscription Required)
JPMorgan Chase earns $2.7 billion
(DBN Subscription Required)
Are Banks Getting Cheeky?
(DBN Subscription Required)
Paulson says he threatened bank chief executive
(DBN Subscription Required)
Paulson says acted appropriately on BofA
(DBN Subscription Required)
Paulson Says Scuttling Merrill Deal Was 'Unthinkable'
(DBN Subscription Required)
Bad times for the economy mean good times for bankers who restructure struggling companies' debt.
(WSJ: separate paid subscription required)
______________
Hotels:
Marriott Second-Quarter Net Falls 46% as Global Travel Declines
(DBN Subscription Required)
______________
Hedge Funds:
Hedge fund collapse back to haunt Carlyle
(DBN Subscription Required)
______________
(2 new opinion today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)
Recent Ch. 11 Filings
(DBN Subscription Required)
Bankruptcy Jobs:
(1)-
(2)-
(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
(DBN Subscription Required)
____________
 |
Bankruptcy Prediction:
Wave of Bankruptcies Predicted by Year's End
(DBN Subscription Required)
______________
Bankruptcy Statistics:
2009 Colorado bankruptcy filings soar
(DBN Subscription Required)
______________
Finance:
CIT Calls Bailout Unlikely, Fuels Bankruptcy Concern
(DBN Subscription Required)
CIT inches closer to bankruptcy
(DBN Subscription Required)
Should CIT bondholders run for it?
(DBN Subscription Required)
CIT Solution Is Bankruptcy - Not Bailout
(DBN Subscription Required)
Now Watch The CIT Backlash Begin
(DBN Subscription Required)
CIT needs debt-holders to pay up
(DBN Subscription Required)
Credit-Market Rally Sputters as Investors Doubt Growth Rebound
(DBN Subscription Required)
The Coming CIT Bailout
(DBN Subscription Required)
CIT woes don't bode well for holiday
(DBN Subscription Required)
For small businesses, CIT is already failing
(DBN Subscription Required)
Retailers plead for government help to save CIT Group
(DBN Subscription Required)
Commercial Paper Shrinks at Record Pace Driving ConEd to Bonds
(DBN Subscription Required)
New fears grip market for securitization
(DBN Subscription Required)
______________
Insurance:
Madoff: The Insurance Coverage Litigation Arrives
(DBN Subscription Required)
______________
Auto Racing:
NASCAR Stars Lose GM Sponsorships
(DBN Subscription Required)
______________
Aviation:
American Airlines parent AMR posts 2Q loss
(DBN Subscription Required)
AMR Loss Beats Estimates on American Air's Bag Fees
(DBN Subscription Required)
Creditors add wrinkle in Boeing's Vought deal
(DBN Subscription Required)
All-pet airline hits skies
(DBN Subscription Required)
Air China forecasts 50 percent first-half profit rise, rebounding from 2008 loss
(DBN Subscription Required)
______________
Tax:
Picking on the Swiss
(DBN Subscription Required)
______________
Student Debt:
Miller Backs Obama Plan Ending Loan Guarantees for Sallie Mae
(DBN Subscription Required)
______________
Newspapers:
NYT's Sulzberger tries to explain to staff why company is $1B in debt
(DBN Subscription Required)
US newspaper publisher Gannett posts 2nd-qtr profit above analyst views despite sales drop
(DBN Subscription Required)
______________
Ratings Agencies:
Is CalPERS suing ratings agencies to mask its own negligence?
(DBN Subscription Required)
______________
Book Reviews:
Books Of The Collapse
(DBN Subscription Required)
______________
Telecoms:
MatlinPatterson eyes strategic partner in Nortel bid
(DBN Subscription Required)
Bid for Nortel re-ignites interest by rivals
(DBN Subscription Required)
Nortel subsidiary files for creditor protection
(DBN Subscription Required)
Would-be purchaser has long experience with Nortel
(DBN Subscription Required)
Nortel French Workers Stage Threat to Force Pay Talks
(DBN Subscription Required)
______________
Television:
Analyst Calls Sinclair Bankruptcy Threat "Posturing"
(DBN Subscription Required)
New Vision Television Receives Court Approval of All First-Day Motions; New Vision's Financial Restructuring Moves Forward
(DBN Subscription Required)
Lenders likely to take over Young Broadcasting, WTEN
(DBN Subscription Required)
______________
Hockey:
Judge rejects request for Reinsdorf deposition
(DBN Subscription Required)
______________
Motorcycles:
Harley-Davidson net off; cuts outlook
(DBN Subscription Required)
______________
UK:
Insolvency specialists in demand
(DBN Subscription Required)
UK unemployment rises by 281,000 to 2.38 million; rate up from 7.2 pct to 7.6 pct
(DBN Subscription Required)
HMRC seeks offshore account details
(DBN Subscription Required)
Brown Backs Plan to Hold Back Half of Bonuses for Five Years
(DBN Subscription Required)
British Banks Should Delay Pay, Cut Risk, Report Says
(DBN Subscription Required)
______________
Canada:
Manufacturing sales stumble
(DBN Subscription Required)
Expect more forestry bankruptcies : report
(DBN Subscription Required)
______________
Germany:
German manufacturing work force down 2.3 percent over past year
(DBN Subscription Required)
Escada Insolvency Is Closer as Bondholders Jib, Evolution Says
(DBN Subscription Required)
______________
Mexico:
Mexico GDP May Shrink 7% This Year, UN Agency Says
(DBN Subscription Required)
______________
Russia:
Russian developer RTM files for bankruptcy - court
(DBN Subscription Required)
______________
China:
China's economic growth accelerates amid stimulus
(DBN Subscription Required)
______________