May 8, 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:

Chrysler Lawyers Seek Fees Before Other Professionals
(DBN Subscription Required)

Which Lawyers Are in the Driver's Seat on Chrysler Bankruptcy?
(DBN Subscription Required)

Skadden, Squire Sanders on Disputed Phoenix Coyotes Bankruptcy
(DBN Subscription Required)

Firm Eyes Axing 119 Lawyers
(DBN Subscription Required)

Jenner & Block: Problems Per Partner?
(DBN Subscription Required)

‘Calculus of the Damned’: Layoffs Gurus Look at Quantity—and Quality—of Associate Hours
(DBN Subscription Required)

Law's long hours culture is leaving many in the profession on the verge of burnout
(DBN Subscription Required)

Downturn’s Losers: BigLaw, ‘Entitled’ Associates, Top Schools
(DBN Subscription Required)

Layoff Watch: Harvard Law School (Or: Welcome to the End Times)
(DBN Subscription Required)

Will Pay Cuts Hit New York Law Firms?
(DBN Subscription Required)

Ruden McClosky Lays Off More Than 20 Staff, Lawyers
(DBN Subscription Required)

Associate Job Losses May Mean Paralegal Job Gains
(DBN Subscription Required)

Nixon Peabody's Proposed Bonus Structure
(DBN Subscription Required)

BigLaw Firm Cuts Back on Hiring Law School Grads, Asks First Years to Defer Starts
(DBN Subscription Required)

Meyer, Suozzi Adds Bankruptcy Partner
(DBN Subscription Required)

Hewlett-Packard Proves In-House No Haven From Churn
(DBN Subscription Required)

Blue Ribbons and Power Ties: Firm Finishes Its Annual Ranking of Partners
(DBN Subscription Required)

Lawsuit Claims Chadbourne Overcharged for Computerized Legal Research
(DBN Subscription Required)

Study Projects Growth in Corporate Legal Spending
(DBN Subscription Required)

Have Prosecutors Gone Too Far (And What Do We Do About It)?
(DBN Subscription Required)

Would-Be Client Wins $2.2M Verdict in Law Office Chair-Collapse Case
(DBN Subscription Required)

NY Partner Says She Was Wrong to Leave Her Bickering Kids by the Side of the Road
(DBN Subscription Required)

Taking Kids to Work Sparks Lawsuit, as Fla. Jail Guards Reportedly Stun Several
(DBN Subscription Required)

Worst law firm website. Official.
(DBN Subscription Required)

Firm offers retraining program
(DBN Subscription Required)

______________

Judges:

To Replace Low-Key Souter, Obama May Go Bolder
(DBN Subscription Required)

Should Obama Appoint a District-Court Judge?
(DBN Subscription Required)

Woman Should Replace Justice Souter
(DBN Subscription Required)

Supreme Court watchers eye Sonia Sotomayor
(DBN Subscription Required)

N.Y. Federal Judge Likely on Shortlist; Backers Say She Meets Obama Requisites
(DBN Subscription Required)

Small, Seasoned Group Helps Obama Manage Supreme Court Selection
(DBN Subscription Required)

Should the judge be an umpire or an empathizer?
(DBN Subscription Required)

Is There a Doctor in the Court?: Trial Disrupted as Judge Becomes "Light Headed"
(DBN Subscription Required)

In-Chambers Shoving Match Alleged Between Two Judges
(DBN Subscription Required)

______________

Wall Street:

Stocks poised for a rebound
(DBN Subscription Required)

World Markets Gain After US Bank Test; Jobs Eyeds
(DBN Subscription Required)

US Stocks Drop as Bank, Technology Shares Fall; Bonds Slide
(DBN Subscription Required)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN Subscription Required)

DuPont to Cut Another 2,000 Jobs
(DBN Subscription Required)

Older Workers Embrace Career Change, Less Stress
(DBN Subscription Required)

Press 1 if You're Unemployed in Colorado, and Ready to Hold
(DBN Subscription Required)

Out of Work in Finance, They Turn to Teaching Math
(DBN Subscription Required)

Job Loss Can Make You Sick, New Study Finds
(DBN Subscription Required)

______________

Autos:

In its rush to save Detroit, the American government is trashing creditors' rights
(DBN Subscription Required)

Chrysler & Credit Bidding
(DBN Subscription Required)

G.M. Says Its Cash Reserves Are Dwindling
(DBN Subscription Required)

To survive year, GM says it needs $11.6 billion in aid
(DBN Subscription Required)

General Motors can't avoid talk of bankruptcy
(DBN Subscription Required)

Say Goodbye To GM
(DBN Subscription Required)

Defiant bondholders make GM bankruptcy more likely
(DBN Subscription Required)

The Other GM
(DBN Subscription Required)

How to Profit From a Bankrupt GM
(DBN Subscription Required)

Union Says CAW, GM Canada Being Pushed to Talk
(DBN Subscription Required)

GM idling of parts plants will affect 18,000
(DBN Subscription Required)

GM's journey sounds like a road trip with bickering relatives
(DBN Subscription Required)

Is Obama driving an illegal bargain for Chrysler?
(DBN Subscription Required)

The Illusion of Accountability for Chrysler's Loans
(DBN Subscription Required)

Chrysler Getting $300 Million Less From Treasury
(DBN Subscription Required)

Chrysler to Make Cars in US Based on Alfa Model
(DBN Subscription Required)

Chrysler Vows Profit By 2077 :)
(DBN Subscription Required)

363(f)Fight Looming in Chrysler?
(DBN Subscription Required)

Ford bracing for partsmaker shutdowns
(DBN Subscription Required)

Magic Carpet Ride
(DBN Subscription Required)

How Do I Know That the Chrysler Bailouts are About the Unions?
(DBN Subscription Required)

The Big Business of Big Labor
(DBN Subscription Required)

Auto dealers lobby Obama against "drastic" reduction
(DBN Subscription Required)

Cutting dealers won't help automakers recover
(DBN Subscription Required)

Dealers launch PR campaign
(DBN Subscription Required)

Auto industry refugees head to wind power
(DBN Subscription Required)

Toyota Cuts Dividend, Predicts 2nd Straight Loss on Lower Sales
(DBN Subscription Required)

______________

Food/Drink:

InBev's Payment Slowdown
(DBN Subscription Required)

______________

Insurance:

Allstate posts 1Q loss as investments fall
(DBN Subscription Required)

______________

 

Economy:

Obama Releases Details of $3.4 Trillion Budget Plan
(DBN Subscription Required)

Slow Recovery No Help for Obama's Plans
(DBN Subscription Required)

New Spending Plans Swamp Budget Savings
(DBN Subscription Required)

Fed Sees Up to $599 Billion in Bank Losses
(DBN Subscription Required)

Prices jump on signs of U.S. economic recovery
(DBN Subscription Required)

Consumer credit falls at fastest pace in 18 years
(DBN Subscription Required)

New York Fed Chairman, With Ties to Goldman, Resigns
(DBN Subscription Required)

Productivity rebounds while wage pressures ease
(DBN Subscription Required)

What Happens to the American Dream in a Recession?
(DBN Subscription Required)

Richard Posner: Capitalism in Crisis
(DBN Subscription Required)

US 30-year bond auction gets dismal reception
(DBN Subscription Required)

______________

Real Estate:

Commercial Mortgage Delinquencies in US Rise to 11-Year High
(DBN Subscription Required)

Deserted Sites Add to Property Bust's Toll
(DBN Subscription Required)

Mortgage rates rise as outlook brightens
(DBN Subscription Required)

House Passes Limits on Adjustable-Rate, Exotic Loans
(DBN Subscription Required)

Has Los Angeles Hit Bottom?
(DBN Subscription Required)

Houston-area home starts dive in the first quarter
(DBN Subscription Required)

Foreclosures aren't just for subprime buyers anymore
(DBN Subscription Required)

Surge in Underwater Mortgages Forces Obama Administration to Review Loan Limits
(DBN Subscription Required)

REITS Raise $10.6 Billion to Cut Debt, Buy Competitors' Assets
(DBN Subscription Required)

Crescent's Troubles Mirror Real Estate's Fall
(DBN Subscription Required)

______________

Tax:

Obama seeks to double tax law enforcement budget
(DBN Subscription Required)

4 With Ties to Ernst & Young Guilty of Tax Fraud
(DBN Subscription Required)

______________

Banking:

Banks Need Funds, but Taxpayers May Not Have to Pay
(DBN Subscription Required)

Stress Tests Find 10 Big Banks Need $75B More
(DBN Subscription Required)

U.S. Puts Hope in Private Sector to Lend Hand
(DBN Subscription Required)

Stress Tests Results Split Financial Landscape
(DBN Subscription Required)

Bernanke Says Fed Monitoring Liquidity of Banks on Daily Basis
(DBN Subscription Required)

Stress Test Shows Banks That Need To Raise Capital
(DBN Subscription Required)

GMAC is staring nationalization in the face
(DBN Subscription Required)

Obama manages expectations in stress tests
(DBN Subscription Required)

F.D.I.C. Seeks a Monitor for ‘Too Big to Fail’ Entities
(DBN Subscription Required)

Bank stock could have 'distress triggers'
(DBN Subscription Required)

Wells Fargo announces $6 billion stock offering
(DBN Subscription Required)

State Street Said to Have No New Capital Need After Stress Test
(DBN Subscription Required)

Bad Loans Raise Possibility of Writedowns at Small-Cap Banks
(DBN Subscription Required)

Bank Stress Tests, Ratings Reviews Lead to Money-Market Flight
(DBN Subscription Required)

Report: Bank of America searching for new directors
(DBN Subscription Required)

Goldman & J.P. Morgan: Your New Banking Overlords
(DBN Subscription Required)

RBS Posts First Quarter Loss of $1.29 Billion
(DBN Subscription Required)

______________

Corporate Reform:

Bernanke Outlines the Future of Financial Regulation
(DBN Subscription Required)

SEC's Khuzami Seeks More Trial Lawyers Amid Surge in Inquiries
(DBN Subscription Required)

US SEC calls Madoff miss wake-up call
(DBN Subscription Required)

SEC To Ask Congress For More Authority To Seek Civil Penalties
(DBN Subscription Required)

GAO report criticizes SEC under Cox
(DBN Subscription Required)

______________

Newspapers:

Deal Reached to Keep Boston Globe in Print
(DBN Subscription Required)

Emotional Discussion Expected Over Globe Cost Cuts
(DBN Subscription Required)

Globe publisher sees future for paper
(DBN Subscription Required)

Philly newspapers get 60-day stay from lawsuits
(DBN Subscription Required)

AbitibiBowater Wins Pension, Financing Plan Approvals
(DBN Subscription Required)

______________

Municipalities:

JPMorgan Reveals Threat of SEC Charges Over Alabama Sewer Deals
(DBN Subscription Required)

California Needs Unprecedented Cash Flow Loan
(DBN Subscription Required)

New Jersey Can't Afford Government
(DBN Subscription Required)

______________

Hockey:

Hockey League Seeks Halt of Coyotes Bankruptcy Case
(DBN Subscription Required)

Balsillie eyes Hamilton arena for 7th Canadian NHL team
(DBN Subscription Required)

______________

Horse Racing:

Hearing Postponed in Magna Bankruptcy Challenge
(DBN Subscription Required)

______________

Psychology :

A guide to surviving tough times
(DBN Subscription Required)

______________

Personal Finance:

In hard times, an uptick in "neighboring"
(DBN Subscription Required)

______________

Retailing:

U.S. Retailers See Signs of Easing in Sales Slowdown
(DBN Subscription Required)

Wal-Mart Leads Retail Surprises
(DBN Subscription Required)

Wal-Mart's Move To Drop Sales Reports Has Broad Ramifications
(DBN Subscription Required)

General Growth move shakes investors
(DBN Subscription Required)

______________

Hedge Funds:

Hedge Funds Gain Most Since 2000 as Stocks Rallied
(DBN Subscription Required)

______________

Forest Products:

Weyerhaeuser Debt Rating Cut to Junk by Moody's
(DBN Subscription Required)

_____________

 

New Bankruptcy Opinions
(No new opinions 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 Reform:

White House Silence Paved Way for Cramdown Crash
(DBN Subscription Required)

______________

Bankruptcy Music:

The Indubitable Equivalents
(DBN Subscription Required)

______________

Health Care:

Downturn May Send Public Hospitals Into Bankruptcy
(DBN Subscription Required)

______________

Aviation:

Boeing Loses $4.4 Billion Deal, Has Net Order Loss
(DBN Subscription Required)

United: The Incredible Shrinking Airline
(DBN Subscription Required)

Delta passenger traffic drops 7.7 percent for April
(DBN Subscription Required)5

______________

Fraud:

Merkin Sued for Return of Madoff Fund Withdrawals
(DBN Subscription Required)

Where is Madoff's money?
(DBN Subscription Required)

Unwinding Madoff's Fraud, Fairly
(DBN Subscription Required)

With Suit, Picard Officially Launches Merkin Clawback
(DBN Subscription Required)

Madoff Fraud Won't Hurt Luxembourg Funds, Guill Says
(DBN Subscription Required)

Hot Or Not?
(DBN Subscription Required)

OC financier used investor funds as 'personal piggy bank,' report says
(DBN Subscription Required)

Former Fundraiser Hsu Pleads Guilty in Ponzi Case
(DBN Subscription Required)

One Depo With Paris: Hotel Heiress Caught Up in WEG Collapse
(DBN Subscription Required)

______________

Rule 2019:

Anyone else notice this?
(DBN Subscription Required)

______________

Credit Counseling:

Cuomo Starts National Debt-Settlement Industry Probe
(DBN Subscription Required)

______________

Radio:

Sirius Gets Run Over
(DBN Subscription Required)

______________

Lehman:

Lawyer Eric Holzer Pleads Guilty in Lehman Insider Trading Case
(DBN Subscription Required)

______________

Music:

Warner Music Has Wider Loss on CD Drop
(DBN Subscription Required)

______________

Oi1/Gas:

Oil rises to 6-month high
(DBN Subscription Required)

Natural gas tops $4 for first time in six weeks
(DBN Subscription Required)

______________

Apparel:

Giannoulias threatens bank over Obama suit-maker
(DBN Subscription Required)

______________

Furniture:

Spring Air Loses Its Bounce?
(DBN Subscription Required)

______________

Pensions:

More States Start Pension Inquiries
(DBN Subscription Required)

______________

Consumer Credit:

Consumer Credit Drops by Record Amid Job, Bank Losses
(DBN Subscription Required)

______________

Media:

CBS Reports $55.3 Million Loss as Advertising Sales Plummet
(DBN Subscription Required)

______________

Bonds:

Junk Rally Premature as Defaults Loom
(DBN Subscription Required)

______________

Private Equity:

American Capital Shareholders Terrified of Reverse Stock Split And/Or Bankruptcy
(DBN Subscription Required)

______________

Resorts:

W.Va. company moves to buy The Greenbrier resort
(DBN Subscription Required)

Justice Family in Greenbrier Deal
(DBN Subscription Required)

Yellowstone Club Auction Draws Few Bidders
(DBN Subscription Required)

______________

Trucking:

Truck Orders Fall in April
(DBN Subscription Required)

Recession sends trucking on new routes
(DBN Subscription Required)

______________

UK:

UK Producer Prices Increase Most in 10 Months
(DBN Subscription Required)

______________

EU:

Central Banks in Europe Ease Credit Policies Further
(DBN Subscription Required)

Trichet Drags ECB Into New

Era Over Weber's Bond Objections
(DBN Subscription Required)

______________

Spain:

Cranes in Spain Point to a Strain
(DBN Subscription Required)

______________

Australia:

Australian Employers and Consumers Defy Recession Forecast
(DBN Subscription Required)

______________

Germany:

German Government Holds 47 Pct of Hypo Real Estate
(DBN Subscription Required)

Commerzbank vows to rebound from crisis by 2012
(DBN Subscription Required)

______________

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $55/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Refunds are not available after purchase. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).