November 17, 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:

Fired Bank of America GC Tells His Side of Story
(DBN)

The Shifting Associate Paradigm
(DBN)

Firms warned against ditching associate lockstep
(DBN)

The New Price Is Right
(DBN)

Firms are cautiously optimistic about year ahead survey reveals
(DBN)

Is Paris Burning? Lawyers Running Out the Door of NY Firm's Outpost Like It's a Fire drill
(DBN)

Corcoran Group Sanctioned for Failure to Preserve E-Mail for Discovery
(DBN)

Two Roads Diverge in E-Discovery Costs
(DBN)

Attorney General May Subpoena Lawyers' Records for Pension Fraud Probe
(DBN)

Law Firm Disputes are Uglier in Jersey
(DBN)

Now Joining The Am Law 100: Hogan Lovells
(DBN)

Lovells partners in line for post-merger windfall
(DBN)

Rodge Cohen Drives a Subaru!
(DBN)

Chevron Files Malicious Prosecution Suit Against Plaintiffs Lawyer
(DBN)

Bridezilla BigLaw Firms Pick Out Their New Name as They Write Their Vows
(DBN)

My Job Is Murder: Of Fainting and Failing
(DBN)

The way many law firms have handled their layoff planning has had a major impact on staff morale
(DBN)

Misconduct By 3 Sekhon Firm Lawyers Puts Up to 700 Clients in Peril
(DBN)

Adventures in Lawyer Advertising: 100% Lean
(DBN)

Peter Kalis Wants K&L Gates Associates To Show Common Sense
(DBN)

Ropes Takes More Space, Orrick's on the Cheapside
(DBN)

'Lawyer You Can Trust' Gets Prison for Theft
(DBN)

Like Corporate Cousins, City of Chicago Seeks Lower Outside Legal Fees
(DBN)

The Wal-Mart of Law Firms Might Be Wal-Mart
(DBN)

New Law School Survey Ranks ‘Super Lawyer’ Quotient
(DBN)

Harvard Tops First Ever Super Lawyers’ Ranking of Law Schools
(DBN)

The End of A Scandal? DeLaughter Gets 18 Months in Prison
(DBN)

Say What?!
(DBN)

______________

Judges:

Ninth Circuit Annual Report 2008
(DBN)

9th Circuit Panel Rebukes Calif. Federal Judge Over Marcos Millions
(DBN)

Judges Face Off on How to Interpret Statutes
(DBN)

Judge Whose High-Flying Career Crashed and Burned Over Affair With Stripper Avoids Jail
(DBN)

The Savage Truth: Obama Taking His Time on Judges
(DBN)

Congress Limits New Federal Courtrooms
(DBN)

From Walking The Beat To Taking A Seat; One Man's Unlikely Journey From Philadelphia Cop To Pa. Supreme Court Justice
(DBN)

Porteous impeachment request to be subject of hearings
(DBN)

Federal judge sues impeachment panel
(DBN)

______________

Wall Street:

US Stock-Index Futures Are Little Changed
(DBN)

UK Stocks Fall From 14-Month High
(DBN)

Emerging-Market Stocks Fall From 15-Month High
(DBN)

Bernanke Lunches With Wall Street as Jobless Prosperity Buoys Stock Market
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Continuing Unemployment Is Predicted by Fed Chief
(DBN)

Squandering Severance
(DBN)

______________

Bankruptcy Music:

It's Time for Bankruptcy Songs
(DBN)

______________

Corporate Reform:

Bernanke Signals Support for Letting US Shrink Risky Firms
(DBN)

Fed proposal restricts gift card fees
(DBN)

______________

Newspapers:

Tribune Co. Doubles Cash Flow, Requests More Time for Bankruptcy Reorganization
(DBN)

Washington Blade Newspaper Closes
(DBN)

Largest US Gay Newspaper Publisher Shuts Down
(DBN)

______________

Jewelry:

Jules R. Schubot jewelry store files Chapter 11 bankruptcy
(DBN)

______________

Gambling:

Station Casinos posts $445M third-quarter loss
(DBN)

Deutsche Bank Drowning in Vegas on Costliest Bank-Owned Casino
(DBN)

______________

Health Care:

Senate Hearing on Medical Bankruptcies
(DBN)

______________

 

 

 

Economy:

Audit Faults New York Fed in A.I.G. Bailout
(DBN)

More U.S. Households Seek Food Aid
(DBN)

US retail sales surge on autos, manufacturing slows
(DBN)

Roubini: Worst Yet to Come for Unemployment
(DBN)

Bernanke Signals ‘Extended’ Low-Rate Period May Become Longer
(DBN)

World Bank’s Lin Says Global Recovery Still Fragile
(DBN)

U.S. business inventories fall 0.4 pct in September, four year low
(DBN)

Taxpayers Bail Out Money Disappears with Bankruptcies
(DBN)

6 Warning Signs for Double-Dip Recession
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Mortgage Delinquencies Hit Another Record in 3Q
(DBN)

Bankruptcy Ruling May Breach CMBS Trust Structure: Moody's
(DBN)

America's Newest Land Baron: FDIC
(DBN)

Beazer's Chief May Face “Clawback” Suit by SEC
(DBN)

Champion Homes announces Chapter 11 bankruptcy filing
(DBN)

Another Buyer for Capmark?
(DBN)

Court Sides With Developer, Tells Citi: Show Them the Money
(DBN)

$75 Billion HAMP Program: Homeowners and Taxpayers Duped?
(DBN)

Modification Scams
(DBN)

Who's to Blame for the Housing Bubble?
(DBN)

Seller-Funded Down Payments Still Plague FHA
(DBN)

Unhappy Condo Buyers Sue Donald Trump
(DBN)

Citi Steps Up Loss Mitigation Efforts in Florida
(DBN)

_____________

Tax:

Millions will have to repay part of tax credit
(DBN)

UBS to Unveil Criteria Used in Turning Over Accounts to U.S.
(DBN)

______________

Resorts:

Amelia Island Plantation files for bankruptcy
(DBN)

______________

Discharge:

U.S. Trustee Objects to Third-Party Releases in LandAmerica's Reorganization Plan
(DBN)

______________

Insurance:

Ambac unlikely to be seized by regulators
(DBN)

Marsh Settles "Contingent Commission" Securities Suit for $400 Million
(DBN)

______________

Finance:

No TARP-ing over CIT
(DBN)

CIT has $1.07 bln loss before bankruptcy
(DBN)

Gordian Group's Kaufman on CIT's reorganization
(DBN)

A Change at the Top of GMAC as It Negotiates for Another Government Bailout
(DBN)

______________

Credit Cards:

Creditors, nonprofits, brace for Advanta bankruptcy fallout
(DBN)

Lawsuit filed against Citibank for raising interest rates on cardholders in good standing
(DBN)

______________

Accounting:

CNN Says that Big 4 Business Is Blowing Up
(DBN)

Update on Ernst & Young Layoffs
(DBN)

______________

Debt Collection:

Longtime Collections Firm Dissolves Amid Client Lawsuits
(DBN)

______________

Hockey:

Forbes Says NHL Overpaid For Coyotes
(DBN)

Bettman won't put timeline on Coyotes' sale
(DBN)

______________

Corporate Governance:

Court of Chancery Decides Fiduciary Duty Claims Against LLC Manager
(DBN)

______________

Fraud:

5th Circuit Rules for Investors in Stanford Clawback Action
(DBN)

'Swashbuckling Industrialist' Tom Petters Is Going to be Responsible for Putting Senior Citizens on the Street
(DBN)

CA attorney general's office files charges against alleged Ponzi schemer
(DBN)

Texan Admits He Ran $50M Ponzi Scam
(DBN)

SEC broadens fraud accusations against Tustin lender
(DBN)

Ex-HealthSouth Executive Livesay Must Go to Prison, Appeals Court Rules
(DBN)

______________

 

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)

______________

Bankruptcy Statistics:

Corporate Bankruptcies Slow With Thaw In Lending
(DBN)

______________

Bankruptcy Reform:

Congressional Action on Bankruptcy
(DBN)

______________

Derivatives:

Repeal the Safe Harbors?
(DBN)

Bank of America, UBS, JPMorgan Accused of Rigging Derivative Sales in Suit
(DBN)

______________

Autos:

After Bankruptcy , GM Struggles to Shed a Legendary Bureaucracy
(DBN)

Just 3 months after bankruptcy , company aims to repay loans, reinvest in itself
(DBN)

GM's Drop In The Bucket
(DBN)

GM repays $297.6 million to Germany for Opel loan
(DBN)

______________

Telecoms:

Hawaiian Telcom bankruptcy plan confirmed
(DBN)

______________

Fashion:

M. Burani Board To Meet Tue,Seeks Ways To Avoid Insolvency
(WSJ: separate paid subscription required)

______________

Building Materials:

BMHC says it's ready to emerge from bankruptcy
(DBN)

______________

Pensions:

PBGC deficit nearly doubles to $22 billion
(DBN)

______________

Compensation:

Why 'say on pay' won't work
(DBN)

______________

Litigation:

Amaranth Withdraws $350 Million Case Against Touradji Capital
(DBN)

Lowering the Raised Bar
(DBN)

Intel settlement: The power of emails
(DBN)

Unlikely Source May Be Raising Summary Judgment Bar
(DBN)

______________

Religion:

St. Louis Archdiocese Spending More on Lawyers Than on Sex Abuse Victims
(DBN)

______________

Food/Drink:

14 Max & Erma's being closed as firm reorganizes
(DBN)

______________

Biotech:

DeCODE Genetics Files For Bankruptcy ; Reaches Sale Pact
(DBN)

______________

Banking:

It's As Bad As You Think
(DBN)

Too Big to Fix?: NY Partner Declares Washington's Chance to Reform Bank Regulation Has Passed
(DBN)

TARP Cannot Save Some Banks
(DBN)

______________

Mining:

Asarco bankruptcy end game
(DBN)

______________

Lehman:

Lehman Sues Barclays for $5 Billion Plus Damages
(DBN)

______________

UK:

FPB launches attack on 'phoenix' practice
(DBN)

FSA's proposed powers on bank bonuses 'headline chasing'
(DBN)

Former Woolworths bosses slams Deloitte's administrator role
(DBN)

U.K. Inflation Rate Increases More Than Forecast
(DBN)

______________

Ireland:

Existing bankruptcy law stifling Irish business
(DBN)

______________

Mexico:

Mexico: Money for Poor Relatives in US
(DBN)

______________

 

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. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
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 clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase. Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, 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 The 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 which is on our distribution list (if receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list). 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, contact us by clicking here for help.

The 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).