July 30, 2009
The Daily Bankruptcy News
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Law:
A Lamb Lies Down at Paul Weiss
(DBN)
Salary Cut Watch: Holland & Knight
(DBN)
Fading Away
(DBN)
Tipster: Husch Blackwell Laying Off More Lawyers
(DBN)
Goodsill Anderson Lays Off 9 Staff
(DBN)
Quinn, Sidley On BoA $100 Million Settlement With Parmalat
(DBN)
Mayer Brown advises new bank rising from Kaupthing's ashes
(DBN)
Vick bankruptcy lawyers seek $1.5M for their fees
(DBN)
‘Billion Dollar’ Charlie Nesson Makes Jury Feel Right at Foam
(DBN)
Jenkens & Gilchrist Wins Millions in Suit Against Former Client
(DBN)
Schulte Roth Sues Investment Firm Over $2.8 Million in Unpaid Fees
(DBN)
Ropes & Gray Wins Lien Against Patents
(DBN)
Pillsbury's San Diego Managing Partner Switches to K&L Gates
(DBN)
Want to Make Rain? Ditch Your Insecurities
(DBN)
Anonymous Gift Abruptly Halts Test Case
(DBN)
One Client, Four Firms Stiffed for Millions in Fees
(DBN)
Midsize Firms Prefer Open-Compensation Models
(DBN)
Former Heller Ehrman Building Forfeit to Lenders
(DBN)
O'Melveny Looks to Unload Extra Square Footage in S.F.
(DBN)
Madoff Whistleblower's Lawyer Branches Out On Own
(DBN)
Goldman Attorney Arrested for Soliciting Undercover Cop
(DBN)
Should Lawyers Tweet with Clients?
(DBN)
Extra Recession Pressure on Women Makes It Harder to Say No
(DBN)
FTC Delays Enforcement of Identity Theft Rules That Would Affect Lawyers
(DBN)
How Law Departments Can Do More for Less
(DBN)
Growing Demand for Multilingual Attorneys
(DBN)
Court-Appointed Attorneys File Emergency Motion to Demand Pay
(DBN)
Prof’s Daughter, 17, is Murdered After Alleged Kidnap in L.A. Law School Area
(DBN)
The OCI -- Drop it like it's hot?
(DBN)
Michigan Law Graduate Complains to ABA About 'Wolverine Scholars Program'
(DBN)
Jury Hears Tape of Witness Talk By N.Y. Attorney on Trial in Obstruction Case
(DBN)
Notes from the Breadline: In This Age of Fiberglass I'm Searching for a Gem
(DBN)
BigLaw Firms Beefing Up Banking Practices
(DBN)
UK law leaders suffer PEP plunge but revenues hold steady
(DBN)
Mixed fortunes for £100m-plus London firms as profits fall by 23%
(DBN)
Headcount holds level but set to fall in 2010
(DBN)
Twelve months in recession and more to come - top lawyers reflect on an uncertain market
(DBN)
The bigger and better excel in an unforgiving market
(DBN)
UK Ends More Than 600 Years of Tradition as Law Lords Bow Out
(DBN)
Massachusetts's Anachronistic Alimony Regime
(DBN)
Lawyer Files Lawsuit Against His Own Mother
(DBN)
Say What?!
(DBN)
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Judges:
Senate Likely to Vote on Sotomayor Next Week, Says Reid
(DBN)
Judge Giving Tough Fashion Tips to Defendants
(DBN)
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Wall Street:
Stock index futures point to higher open
(DBN)
Stocks dip on economic woes
(DBN)
To Catch a Goldman Sachs Compliance Officer?
(DBN)
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Layoffs:
National and State by State Unemployment Rates
(DBN)
Managers liable for payroll of bankrupt casino
(DBN)
Nearly a fifth of employees who are laid off return to the company that let them go
(DBN)
USPS Targets Thousands of Branches for Closure
(DBN)
Increasing Postal Deficits Intensify Talks on Solution
(DBN)
AAA lays off another 322 workers, cites downturn in travel industry
(DBN)
Americans Exhausting Jobless Benefits
(DBN)
In downturn, robots laid off
(DBN)
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Autos:
Obama expects GM, Chrysler to repay loans
(DBN)
GM May Resume Leasing in August to Recoup Lost Sales
(DBN)
General Motors goes back to car leasing : A sad day for consumers
(DBN)
Congress failed auto dealers
(DBN)
Senate rejects plan giving auto stock to taxpayers
(DBN)
Penske Net Falls 63%, Saturn Talks Past 'Midfield'
(DBN)
Car and truck maker losses mount, outlooks steadier
(DBN)
GM China Sees 70%-Plus July Sales Growth on Stimulus
(DBN)
Why Did GM Spin Off Delphi?
(DBN)
Delphi to drop pensions
(DBN)
New Plan Would Sell Delphi to Lenders
(DBN)
Delphi Judge Expected to OK Sale Today;
(DBN)
American Axle wins waiver extension-source
(DBN)
How To Rewrite Cash For Clunkers Legislation
(DBN)
'Clunkers' cash is going fast
(DBN)
'Clunker' Sales Raise Worry
(DBN)
What clunkers are being traded in? Lots of US-made SUVs and trucks
(DBN)
Germany Risks Clash With GM Over Selection of Buyer for Opel
(DBN)
Magna deal to buy Opel from GM hits potholes
(DBN)
Renault Posts Loss of $3.8 Billion
(DBN)
Ford Said to Slow Volvo Sale, Seeking Better Price
(DBN)
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Insurance:
Hartford Posts Loss, Exceeds Analysts' Estimates
(DBN)
Insurers Lincoln Natl, Hartford Swing To 2Q Losses
(DBN)
Aflac's Net Profit Falls 35% on CIT-Fueled Losses
(DBN)
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Celebs:
Backstreet's Back
(DBN)
Jackson Doctor's Sketchy Past: Foreclosure, Domestic Violence
(DBN)
Michael Jackson chef recalls doctor's role, final days
(DBN)
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Student Debt:
Biggert Protects Wall Street, Hurts Students
(DBN)
Project on Student Debt
(DBN)
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Economy:
Fed Report Suggests Recession May Be Bottoming Out
(DBN)
Fed: Economic activity remains subdued
(DBN)
Obama Sees 'Beginning of the End' of US Recession
(DBN)
Obama mocks mag for 'Recession is Over' cover
(DBN)
US durable goods orders slump, mortgage demand off
(DBN)
Counting Stimulus Jobs - One Week Jobs Count As "New Jobs?"
(DBN)
American Express Buys Back Treasury Warrants
(DBN)
What Mancession?
(DBN)
Geithner 'MIA' during Lehman Brothers meltdown, says new book
(DBN)
Economy Tracker Map
(DBN)
Recovery Index
(DBN)
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Real Estate:
Barney Frank threatens banks to stop foreclosures
(DBN)
Lucrative Fees May Deter Efforts to Alter Troubled Loans
(DBN)
Loan Servicers Work the Fine Print in Obama Foreclosure Plan
(DBN)
New Federal Housing Administration Loan Assistance
(DBN)
US properties worth $2.2 trillion at risk of default, study says
(DBN)
Commercial Real Estate Crash Looming, Says Fed's Yellen
(DBN)
Rapidly Falling Prices Changing Dynamics of Office Leasing, Ownership
(DBN)
Foreclosures: How bad is your city?
(DBN)
Foreclosure Inventory Hits Record Level in June
(DBN)
Mortgage Delinquencies Rise, Equifax Reports
(DBN)
EnCap insurer to pay more than $2M to local towns
(DBN)
Phoenix Home Resales Surge 71% from 2008
(DBN)
SEC Charges Four Arizona-Based Promoters in $197 Million Mortgage Lending Scheme
(DBN)
Borrowers to Banks: Show Me the Money
(WSJ: separate paid subscription required)
Receivers' Catch: Foreclosures - Bypassing Foreclosure In Favor of Receivership
(WSJ: separate paid subscription required)
Countrywide Alumni Seek Profits From Housing Collapse
(DBN)
SEC sues Mortgages Ltd. lender Radical Bunny
(DBN)
Demand for U.S. Industrial Space Falls to Decade Low
(DBN)
S&P Slashes Ambac to Junk on Expected Losses
(DBN)
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Fraud:
Ruth Madoff sued for $45 million
(DBN)
Irving Picard Attempts to Sue the Pants Off Ruth Madoff
(DBN)
Madoff Trustee Spreads His Wings, Sues Ruth
(DBN)
Law Student's Suit Against Madoff's Brother Peter Is Settled, Lawyer Says
(DBN)
Madoff Names Feeder Fund Managers for Lawyer
(DBN)
Release Dates Moved Up for Madoff Books
(DBN)
Madoff: Can't believe fraud lasted so long
(DBN)
Madoff Gives Lengthy Interview From Behind Bars
(DBN)
Bernie Madoff talks! And talks and talks and talks
(DBN)
Madoff Says He Pulled Off Fraud Scheme Because Feds Weren't Watching
(DBN)
Hartmarx: Adding Insult to Injury
(DBN)
Senate Probes Banks for Fraud
(WSJ: separate paid subscription required)
______________
Newspapers:
No resolution yet in Creative Loafing bankruptcy fight
(DBN)
Star Tribune wins approval of bankruptcy plan outline
(DBN)
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Gambling:
Trump may need a handyman in AC
(DBN)
Trump Entertainment's Neglect Ruined Sale, Suit Says
(DBN)
Casino investor Celani to file plan to buy Greektown Casino
(DBN)
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Tech:
New lawyers for Psystar
(DBN)
Psystar Sobers Up, Lawyers Up, Prepares To Die Go To Court
(DBN)
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Banking:
Some banks are missing dividends on government's preferred securities
(DBN)
Bad bank loans go to insider at New Frontier
(DBN)
The end of bank branches?
(DBN)
Treasury finally getting tough on banks
(DBN)
Profiting from bank failures
(DBN)
No More Bank Deals for Wilbur Ross?
(DBN)
Senate probes Goldman, Deutsche
(DBN)
Some Banks Send FDIC Bills To Business Customers
(DBN)
FDIC To Divide Banks To Draw Bids
(DBN)
Credit unions: Where the credit flowed too freely
(DBN)
Bank Sued After Toxic Auction Fire
(DBN)
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M&A:
Cowing Potential Targets With The Threat Of A Traditional LBO
(DBN)
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Health Care:
Forum's Reorganization Plan Taking Shape
(DBN)
Sale of bankrupt Mt. Lebanon facility delayed
(DBN)
No healthcare reform vote before autumn: Obama
(DBN)
Support Slips for Health-Care Plan
(DBN)
Tough love for fat people: Tax their food to pay for healthcare
(DBN)
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Consultants:
Lazard, Bankruptcy Adviser, Reports a $43 Million Profit
(DBN)
BearingPoint: The end of an era
(DBN)
Focus Management named adviser to bankrupt Hyman Companies
(DBN)
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Payday Lending:
Pay day lender to nullify loans in settlement
(DBN)
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Hockey:
Reviewing bids for the Coyotes
(DBN)
NHL board unanimously denies Balsillie
(DBN)
Anybody but you, Balsillie: NHL
(DBN)
NFL goes overboard on Michael Vick
(DBN)
Molson family loses backing for purchase of hockey team
(DBN)
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Aviation:
Air Canada raises C$1 bln in fresh liquidity
(DBN)
Jazz deal could help Air Canada avert bankruptcy
(DBN)
Singapore Air May Post First Loss in 24 Years as Travel Slumps
(DBN)
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(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)
This Week's Poll:
Which industry is likely to see the most bankruptcies in the next year? Click here to vote and see results |
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Bankruptcy Reform:
Frank Threatens Banks With a Return to 'Cramdown'
(DBN)
House Dems may resurrect 'cramdown' bill
(DBN)
'Cram-Down' May Be Revived to Boost Mortgage Relief
(DBN)
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Bankruptcy Statistics:
Bankruptcies : The Next Wave
(DBN)
Chapter 7 filings up 60 percent in north Georgia
(DBN)
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Corporate Governance:
Court of Chancery Dismisses Fiduciary Duty Claims
(DBN)
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Oil/Gas:
AG Dives into SemCrude Bankruptcy Case
(DBN)
State court asked to rule on SemGroup
(DBN)
Shell Cuts Capital Spending, Jobs as Profit Falls 67%
(DBN)
Gensler Seems Convinced On Energy Position Limits
(DBN)
ICE says it rarely sees "excessive" oil positions
(DBN)
Goldman Says Curbing Speculators May Disrupt Markets
(DBN)
CFTC chief fears undermining speculation clampdown
(DBN)
Oil plunges 6%
(DBN)
______________
Hotels:
Marriott Seeks to Expand by Taking Over Struggling Hotels From Competitors
(DBN)
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Telecoms:
Courts approve Nortel/Ericsson deal
(DBN)
MatlinPatterson slams Avaya's Nortel offer
(DBN)
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Software:
Microsoft Prescribes Permanent `Diet Regime' After First Annual Sales Drop
(DBN)
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Tax:
In UBS Tax Case, U.S. Continues To Wage War, While Talking Peace
(DBN)
UBS Attorney Says Settlement Is Near in Massive Tax Dispute, but IRS Not Convinced
(DBN)
Trying to Care About the UBS and IRS Debacle is Getting Difficult
(DBN)
UBS Probe Spurs Rich Americans Into Confessions
(DBN)
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Municipalities:
Desperate Arizona may sell Capitol buildings! 'We need the money'
(DBN)
California Can't Stop IOUs Just Yet, State Controller Says
(DBN)
Schwarzenegger to call special session on taxes
(DBN)
Facing budget gaps, states shuffle tax codes
(DBN)
States Struggle With More Cuts
(DBN)
Detroit schools official: Deficit could top $259 million
(DBN)
Neighbors face bigger hit to ease Vallejo pain
(DBN)
______________
Derivatives:
Frank, Peterson To Unveil Derivatives Regulation
(DBN)
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Personal Finance:
A One-Way Ticket Out of Harm's Way
(DBN)
Should You Invest In Toxic Assets?
(DBN)
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Credit Cards:
Advanta Says Defaults More Than Doubled
(DBN)
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Aerospace:
An uncertain future for bankrupt Sea Launch
(DBN)
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Mass Torts:
First Neurontin Case Dismissed: Pfizer Saved by the Mystery Donor
(DBN)
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Accounting:
AICPA Report: Accounting is Still Sexy on Campus
(DBN)
UAL Dumps Deloitte for Ernst & Young
(DBN)
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Cable:
Report: Investors not seeking control of Charter
(DBN)
______________
Food/Drink:
Anxiety Flowing From California Vineyards
(DBN)
Organic food is no healthier, study finds
(DBN)
______________
Finance:
As CIT falters, rivals eye factoring business
(DBN)
GE, Harley Should Keep Finance Units, Frank Says
(DBN)
______________
UK:
How the cards are cut
(DBN)
Banks Study U.K. Rule on Overseas Executives
(WSJ: separate paid subscription required)
63 profit warnings in Q2 2009: picture more complex than numbers suggest
(DBN)
House Prices in U.K. Rise for Third Month on Short Supply
(DBN)
______________
EU:
European Economic Confidence Rises More Than Forecast
(DBN)
European Retail Sales Fall for 14th Month as Recession Deepens
(DBN)
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Canada:
Canwest reports $1.58 billion loss in nine months
(DBN)
Earl Jones investment company bankrupt
(DBN)
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Germany:
German Unemployment Rises; Job Cuts Continue Even as Recovery Signs Mount
(DBN)
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Mexico:
Mexico GDP to Shrink 6.5%-7.5% This Year, Bank Says
(DBN)
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Russia:
RUSAL has 7 weeks to convince banks on debt
(DBN)
Russia needs debt to keep up consumer demand-Putin
(DBN)
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France:
French jobless rise seen persisting until 2011
(DBN)
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