November 20, 2009

The Daily Bankruptcy News

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Law:

Welcome to the Hollow Law Firm: Surge of Outsourcing Associate Work Predicted
(DBN)

Ditching Billable Hour: 'Everyone Wants to Do It'
(DBN)

Lovells to Move Farther Away From Lockstep Under Planned Merger With Hogan Hartson
(DBN)

Survey Finds Revenue, Profits Down at Law Firms
(DBN)

‘Tis the Season: Skadden Matches Cleary and Cravath on Bonuses
(DBN)

A&O accelerates bonuses for associates
(DBN)

Coudert Estate Pursues Fees Earned From Former Clients
(DBN)

Navigating Big Law's Complicated Power Structure
(DBN)

Bad News for BofA?
(DBN)

Law Firm Price Wars Break Out as Some Try ‘Loss Leader’ Bids for Work
(DBN)

Double Entry: Merged Firm Would Have One Payscale for Partners, But Two Sets of Books
(DBN)

Dealmaker of the Week: Martha McGarry of Skadden Arps
(DBN)

Bingham, Reed Smith Lead on Wells Fargo's $1.4 Billion ARS Settlement
(DBN)

UK partners making the move to US law firms need to be prepared for something of a culture shock
(DBN)

The high court's term is awash in cases that could change the practice of law.
(DBN)

Ch-Ch-Ch-Changes
(DBN)

Making a Vulgar Comment Now Gets You Fired?
(DBN)

De-Partners: Firm Says So Long to a Dozen Stakeholders, De-Equitizes More
(DBN)

Firm Vice Chairman Uses Twitter to Strike Back at NYT Reporter for Story on Client
(DBN)

JPMorgan and Linklaters Prove You Can Get Back Together
(DBN)

A Scott Rothstein Sampler Platter
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TD Bank named in Rothstein lawsuit
(DBN)

Lawyers Find New Jobs Despite Stigma of Claimed $1B Rothstein Scheme
(DBN)

Michael Clayton-Style Plotline Rolls On for Ex-Toyota Attorney
(DBN)

It May Be a Man's World, But ...
(DBN)

Associate hospitalized after collapsing at home - Billed 330-400 hours last month?
(DBN)

Lawyer-Daughter's Film On Controversial Lawyer-Father, At a Theater Near You
(DBN)

The controversy surrounding the ACC's venture to rate outside counsel
(DBN)

Clifford Chance set to vote in Childs for second term as managing partner
(DBN)

We Can Be Heroes
(DBN)

NU Law Dean Adjusts ‘Super Lawyers’ Rankings to Reflect Law School Size
(DBN)

UCLA Students Protest Fee Hikes
(DBN)

UCLA Protest Follow Up: On The Ground at UCLA Law
(DBN)

Law Firm Invokes Privacy Laws in Suing Rival Over Search Engine Keywords
(DBN)

Say What?!
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Judges:

Dalton Flap Wasn’t the First for Justice Kennedy
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Wall Street:

US Futures Fall
(DBN)

Stocks Fall as Rising Dollar Lures Investors
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Stock Selloff Continues on Mixed Data
(DBN)

Bailout Hasn't Checked Wall Street Risks, Warren Says
(DBN)

Goldman's CEO apologizes for part in financial crisis
(DBN)

The 70% Discount on Goldman's $500M Gift
(DBN)

The Bankruptcy Of Goldman Sachs
(DBN)

GS a short? And five reasons we hate Goldman Sachs
(DBN)

Revolt: Shareholders Demand Goldman Pay Lower Bonuses
(DBN)

Goldman names 272 directors
(DBN)

Morgan Stanley CEO: Wall St. Can't Control Ourselves
(DBN)

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Layoffs:

National and State by State Unemployment Rates
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AOL offers buyouts to over a third of work force, 2,500
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In Wall Street's Back Yard, Unemployment Rises
(DBN)

Are you committing career suicide?
(DBN)

Survey: Nearly 60% of Workers Want New Job
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Retailing:

Gap profit up 25%; Old Navy stores see demand pick up
(DBN)

Sears Narrows Its Loss as Costs Decline
(DBN)

Sears posts second quarterly loss in row
(DBN)

Dirty secrets of Black Friday 'doorbusters'
(DBN)

Lampert's sales lulu
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Accounting:

Ex- Parmalat auditors settle US investor lawsuit
(DBN)

Will PwC and KPMG Reconsider Canceling Their Holiday Parties?
(DBN)

Finance chiefs ignore 2010 pay freezes
(DBN)

Revenue tumbles 4.1% at Grant Thornton
(DBN)

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Trucking:

Bankrupt Flying J agrees to sell another asset
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Telecoms:

Creditors Set Sights on Sun Capital, Salford Capital in MIG Money Hunt
(DBN)

FairPoint says it's on rebound
(DBN)

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Newspapers:

AP Says 90 Layoffs This Week Reach Payroll Goal
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Personal Finance:

Economic Crisis Is Getting Bloody -- Violent Deaths Are Now Following Evictions, Foreclosures and Job Losses | Rights and Liberties
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Economy:

U.S. Economic Indicators Weaker Than Expected
(DBN)

Geithner, under fire, defends AIG bailout
(DBN)

Geithner Hopes for Quick End to TARP
(DBN)

Geithner Cagey On Folding TARP
(DBN)

Geithner Rejects Call to Resign, Faults Republicans
(DBN)

Geithner Resignation Calls May Increase as 2010 Election Nears
(DBN)

Blame game on Hill
(DBN)

Geithner Is Under Fire on Economy
(DBN)

Elizabeth Warren Profiled
(DBN)

Ben Stein: 4 lessons from the recession
(DBN)

Watchdog Urges Caution on Claims of 640,000 Stimulus Jobs
(DBN)

US Treasury to hold auction to sell TARP warrants
(DBN)

Congressman Calls for Post Office Bailout
(DBN)

Unintended Consequences on Wall Street
(DBN)

Bove on bank failures, financial reform
(DBN)

House Panel Approves Broad Fed Audits
(DBN)

Economic Stress Index
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Economy Tracker Map
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US Debt Clock
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Recovery Index
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Real Estate:

One in seven mortgage holders are either late on their payments or are already in foreclosure
(DBN)

Defective Paperwork Strips Mortgage Holder of Foreclosure Rights
(DBN)

Foreclosures hitting more people with good credit
(DBN)

With F.H.A. Help, Easy Loans in Expensive Areas
(DBN)

Foreclosures will keep rising through 2010, report says
(DBN)

Mortgage loans: Record number are late
(DBN)

Sam Zell Disses Wilbur Ross, Commercial Real Estate ‘Savants’
(DBN)

Commercial Real Estate Will Collapse
(DBN)

Office Delinquencies Latest Driver of CMBS Troubles
(DBN)

Why No One’s Watching Fannie and Freddie
(DBN)

San Francisco Home Prices Rise, First Time Since '07
(DBN)

Nearly 10% of Texas Mortgages in Arrears
(DBN)

D.R. Horton Fiscal 4th-Quarter Loss Narrows
(DBN)

Housing Bust Halts Growing Suburbs
(DBN)

Many More Mortgage Fraud Cases in Pipeline; ‘Like Shooting Fish in a Barrel’
(DBN)

Payout near for some 1st Magnus ex-workers
(DBN)

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Retailing:

General Growth Makes $9 Billion Debt Restructure Deal
(DBN)

General Growth says some malls may exit bankruptcy
(DBN)

General Growth Properties faces new territory
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Finance:

CIT Group says bankruptcy plan wins wide support
(DBN)

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Autos:

GM analyst predicts solid November US sales
(DBN)

GM data masks difficult times ahead
(DBN)

U.S. Teaches Carmakers Capitalism
(DBN)

Harvey Miller on GM
(DBN)

Ghosn: General Motors should have joined team in 2006
(DBN)

Ex-czar gives Chrysler take
(DBN)

Peters urges McCain to attend Detroit auto show; backs Chrysler survival
(DBN)

Foamex seeks dismissal of bankruptcy case
(DBN)

Judge Finds Hecker in Contempt of Court
(DBN)

GM to Present Opel Plan in December
(DBN)

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Municipalities:

Steep Revenue Drops Worry Mayors
(DBN)

UCLA students protests 32% tuition hike
(DBN)

Near Riots
(DBN)

A Crown Jewel of Education Struggles With Cuts
(DBN)

Black Hole Closes In Huntington
(DBN)

Can Jefferson County break the bank?
(DBN)

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Tech:

Dell’s Profit Falls 54%
(DBN)

GSI Group files for bankruptcy
(DBN)

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Celebs:

Pamela Anderson : Pammie shrugs off bankruptcy rumors
(DBN)

Rod Stewart, Jackson Estate Slapped with Suits Over Unpaid Legal Bills
(DBN)

How Nicholas Cage Blew His Money
(DBN)

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Fraud:

Report: No Link Between Fraud and Companies Hurt by Downturn
(DBN)

Currencies trader sentenced to 24 years for fraud
(DBN)

Ex-McKesson Chairman Is Found Guilty of Fraud
(DBN)

DOJ, FCC Target Deaf Translation Service in National Fraud Case
(DBN)

DOJ Taps Denis McInerney as Fraud Section Chief
(DBN)

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Aviation:

JAL hit by report of $1 bln derivatives charge
(DBN)

Japan's Tokyu Group reportedly keen to limit JAL exposure
(DBN)

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Religion:

Settlement reached in Fairbanks diocese lawsuit
(DBN)

What Would Jesus Buy?
(DBN)

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Hockey:

Red ink flowing at record rate
(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
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
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DIP Finance:

The Federal Government as DIP Lender
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Insurance:

D&O Insurance: Is "Choice of Law" the Next Hot Topic?
(DBN)

The Changing European Liability Landscape and the D&O Insurance Marketplace
(DBN)

Did D&O Cover Fuel The Credit Crisis? 'Yes,' Says An Attorney
(DBN)

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Compensation:

Big shareholders ask Goldman to cut bonuses
(DBN)

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Banking:

Fed's Fisher sees need to break up big banks
(DBN)

Banks borrow less from emergency Fed program
(DBN)

Broad restrictions on big banks near approval
(DBN)

Dutch Bank Gets Another Cash Injection
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Gambling:

Report Shows Station Casinos Insiders, Not the Recession, Drove the Company into Bankruptcy
(DBN)

Union wants insiders to help pull Station from bankruptcy
(DBN)

Alternative Greektown plan backed
(DBN)

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Credit Cards:

Warren: Winning Means No Sale If You Can’t Explain It
(DBN)

GAO-Hard to see consumer savings from card fees
(DBN)

GAO: Credit card companies' fees hurt businesses
(DBN)

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Food/Drink:

Brigham's restaurants look to bankruptcy protection
(DBN)

To outcry, Brigham's heads to bankruptcy
(DBN)

Trustee: 154 salmonella claims filed
(DBN)

Back-up name chosen for Tavern on the Green
(DBN)

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Book Reviews:

The First Thing We Do, Let's Kill . . .
(DBN)

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Corporate Reform:

Wall Street tax must be international: Pelosi
(DBN)

How to Achieve Real, Populist Reform
(DBN)

Panel sets fees for big firms, aims to rein in Fed
(DBN)

Financial Reg Overhaul Starts on Bumpy Road
(DBN)

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Oil/Gas:

Turnkey E&P Inc. Announces Adverse Change in Bankruptcy Status and Delisting Application From NEX
(DBN)

Crusader Energy Group Inc. Announces J/M Crusader Acquisition Sub LLC as Successful Bidder
(DBN)

SemGroup may exit court Nov. 30
(DBN)

Oil tankers loitering off British coast as they lie in wait for price hikes
(DBN)

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Directories:

Idearc says court approves standby Paulson agreement
(DBN)

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Health Care:

The Botax? Nip/tuck levy to help health care plan
(DBN)

House health reform plan works for Houston and Texas
(DBN)

Senate girds for Saturday vote, long battle on health care
(DBN)

Major tax increases in the Reid health care bill
(DBN)

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Resorts:

Bankruptcy papers show big trouble at Moonlight Basin
(DBN)

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Lehman:

Weil's Miller on unwinding Lehman Bros.
(DBN)

Lehman claims may total up to $1 trillion
(DBN)

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Mass Torts:

A picture is worth a thousand words or several thousand dollars
(DBN)

Update on Bates White Paper on Impact of Asbestos Bankruptcies
(DBN)

Waiting for pleural plaques in the UK
(DBN)

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UK:

Tax increases loom as government debt grows
(DBN)

Lending weakness threatens recovery despite stronger retail sales
(DBN)

Warming Signs in U.K. Commercial Property
(DBN)

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EU:

Top Eurobank prepares for 'global economic collapse'
(DBN)

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China:

China Will Face Its Own Bubble, Pimco's Gross Says
(DBN)

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Greece:

As Recovery Spreads, Greece Is Bypassed
(DBN)

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Hong Kong:

Hong Kong Bankruptcy Filings Fall to Lowest in Year
(DBN)

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France:

Making France a More Attractive Forum for Restructuring in Europe (Part I)
(DBN)

Making France a More Attractive Forum for Restructuring in Europe (Part II)
(DBN)

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