November 24, 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:

Madoff Fee Watch
(DBN)

The Best Legal Gig in America
(DBN)

Sullivan & Cromwell Cleared for Entry in CIT Bankruptcy
(DBN)

Nortel Sells Another Business; Cleary, Latham on the Sale
(DBN)

Professional Retention & Compensation under the Code
(DBN)

Ashurst recruitment continues with hire of RBS UK restructuring chief
(DBN)

Nationwide (Possibly Temporary)Salary Cut Watch: Haynes and Boone
(DBN)

Reading the Revenue Writing on the Wall
(DBN)

The Business of Bankruptcy
(DBN)

For NY Firms, a Q3 to Forget
(DBN)

Orrick-Levi Strauss Deal Underscores Growth of Alternative Billing
(DBN)

Will law firms be forced to give up their best lever to enhanced profits?
(DBN)

Forever in Flat Fees?
(DBN)

It's Not Just About the Fees
(DBN)

Hildebrandt Interprets Economic Impact on Lawyers: 'Flat Is New Up'
(DBN)

Mayer Brown: Touch-Up Job
(DBN)

US Says $10M in Rothstein Ponzi Cash Paid Law Firm Salaries; Bugatti Seized
(DBN)

Holland & Knight Named in Ugly Restaurant Suit
(DBN)

What In-House Counsel Want: Relationship Building and Quick Answers
(DBN)

Guess Which Firm ‘Simpsons Superfan’ Andrew Blumberg Is Going To?
(DBN)

My Job Is Murder: Of Partners and Parol Evidence
(DBN)

The Fall of Obama's Attorney
(DBN)

Several States Move Closer to National Bar Exam
(DBN)

LSAT Test-Takers Jump by Nearly 20%; Should They Consider the Alternatives?
(DBN)

Grad Without a Credit Card Passes Bar Exam After Suing to Take the Test
(DBN)

Lawsuit of the Day: Friendless Man Sues Nintendo
(DBN)

Is Jeopardy! Champ Cordray the New Cuomo?
(DBN)

Law Student of the Day: Shady Yassin
(DBN)

Man Wrongly Jailed for Murder Helps Make Case for Actual Innocence Test
(DBN)

Too Embarrassed to Make Layoffs, Lawyer Stole $9.3M, Gets 7 Years
(DBN)

The consequences of the credit crunch are testing the skills of offshore funds lawyers to the maximum
(DBN)

Victims of Alleged Law Firm Scam to Get $13.6 Million, but More Payouts May Follow
(DBN)

Rothstein Roundup: Angry Investors Want to Hear What Scotty Knows
(DBN)

FTC May Sue Pre-Paid Legal
(DBN)

The Really Traditional Socratic Method
(DBN)

Attorney-Actress Performs Career Balancing Act
(DBN)

Lawyer transforms into Gator icon
(DBN)

Say What?!
(DBN)

______________

Judges:

Reflections on Judging from Judge Gerard Lynch
(DBN)

Trial Over Death Threats Against Federal Judges Could Test Free Speech Rules Online
(DBN)

Judge of the Day: New Mexico’s Slammin’ Sam Sanchez
(DBN)

______________

Wall Street:

Stocks seen falling at open
(DBN)

Stocks Fall on China Bank Capital Concern; Dollar
(DBN)

China's Stocks Fall Most in Three Months; Banks, SAIC Decline
(DBN)

Lehman, Bear Officials Made $2.5 Billion, Study Says
(DBN)

Goldman Sachs and the Demise of the US
(DBN)

Wall Street Still Plays Hardball
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
(DBN)

For Jobs, Bring Résumé, Bowling Shoes
(DBN)

California Unemployment Fund: $7.4B Deficit
(DBN)

______________

Autos:

Unraveling necessary for Detroit carmakers' future
(DBN)

Auto sector headed for repeat failures: Fitch
(DBN)

Taxpayers Unlikely To Recoup GM's Bailout Cash
(DBN)

What We'll Actually Lose on GM
(DBN)

Slow recovery could delay GM, Chrysler plans to go public
(DBN)

A Chinese-owned GM, it could happen
(DBN)

GM offering incentives to closed dealers' customers
(DBN)

The inside story of the GM, Chrysler bailouts
(DBN)

Obama task force worked fast, hard on auto rescue
(DBN)

Senators Seek Info On Auto Dealer Closures
(DBN)

Opel Reopens German Debate Over State Aid
(DBN)

Ford, Peugeot May Pay for GM Opel's Survival, State Incentives
(DBN)

Is Germany Reeling in the Opel Life Ring?
(DBN)

Germany warns fellow EU governments against GM jobs aid
(DBN)

______________

Publishing:

Borders on the Verge of Bankruptcy
(DBN)

Borders talks to rivals as collapse looms
(DBN)

Abitibi juggles to avoid large tax bills
(DBN)

______________

Gambling:

Fontainebleau Contractors Object to Penn's Bid
(DBN)

Icahn Continues Bankruptcy Gamble By Bidding On Fontainebleau
(DBN)

______________

Hotels:

More dirt surfaces on the Artisan Hotel
(DBN)

For the Hotel Industry, Recovery is a Long Way Off
(DBN)

______________

 

 

Economy:

Economic Recovery Likely Not Quite That Energetic
(DBN)

US gold hits record $1174/oz on dollar drop
(DBN)

Wave of Debt Payments Facing US Government
(DBN)

The new AIG report reveals how Geithner—and U.S. taxpayers—were fleeced
(DBN)

AIG: The Secret Bailout
(DBN)

IMF: World Economy Still Fragile
(DBN)

IMF: 2nd Bailout Would Threaten Democracy
(DBN)

Chicago Fed Index Bodes Ill for Recovery
(DBN)

Chase's Dimon Seen as Successor to Geithner
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Judge Blasts Bank's Foreclosure Conduct and Cancels Mortgage
(DBN)

Nearly a quarter of all US home mortgages are underwater
(DBN)

Northeast Home Sales Soar 25 Percent in October
(DBN)

October sales gains lift hopes for housing market
(DBN)

Home Prices in U.S. Probably Fell in September at Slowest Pace Since 2007
(DBN)

Economists React: Payback to Come in Existing-Home Sales?
(DBN)

Checking the Health of the Housing Recovery
(DBN)

Lower Housing Inventory? Try ‘Lower For Now’
(DBN)

What Happens When Fed Stops Propping Homes
(DBN)

Feds ponder home-improvement tax breaks
(DBN)

Freddie Mac says TBW losses 'could be significant'
(DBN)

KDP says sell ResCap bonds, sees bankruptcy filing
(DBN)

Commercial Property Values Dive 42.9% from '07 Peak
(DBN)

Fountain Village Development files for Chapter 11
(DBN)

Bankrupt Houston Home Builder Resurfaces
(DBN)

Residents group offers deal for Amelia Island Plantation
(DBN)

Distressed Homeowners Ponder Whether to Stay or Go
(DBN)

Maybe more need to walk away, prof says
(DBN)

So You're Underwater, What's Next?
(DBN)

Ex-Thornburg Mortgage CEO, CFO sued by trustee
(DBN)

Wick Building Systems files for bankruptcy
(DBN)

Wells Fargo Takes Sea Island's Frederica Golf Resort to Avert Foreclosure
(DBN)

_____________

Cable:

Lenders try to prevent Charter's bankruptcy exit
(DBN)

______________

Chemicals:

Lyondell should consider Reliance offer: creditors
(DBN)

Buyout could be a long-drawn one
(DBN)

Creditors' Plan & Deal Structure Key To RIL-LB Deal
(DBN)

Lyondell debt a concern
(DBN)

______________

Fraud:

Start Date Is Critical in Ponzi Plan
(DBN)

Woman Who Sank Galleon Was Beauty-Queen-Turned-Analyst Insider
(DBN)

Analyst Who Fed Raj Rajaratnam Inside Information Was a Total Cougar
(DBN)

Tangle Increases as Petters Trial Ends
(DBN)

Accused Ponzi schemer Petters is no victim - gov't
(DBN)

'Madoff victim' auction called ploy
(DBN)

Rising Bill in Unwinding of Madoff’s Assets
(DBN)

Berned golfers healing
(DBN)

Is Florida ground zero for Ponzi schemers just because that's where the money is?
(DBN)

SEC Busts Alleged $25M Dallas Ponzi Scam
(DBN)

______________

Lehman:

Lehman Re stays in liquidators' hands
(DBN)

Lehman's UK Administrator Proposes Claim Resolution Agreement
(DBN)

Lehman Brothers intends to return about $11 bullion to hedge funds
(DBN)

Got a Lehman signing bonus? Probably not for long
(DBN)

______________

Retailing:

Slow Month for Retailers, but Strong Finish Is Seen
(DBN)

As Black Friday Looms, Will Consumers Show Up?
(DBN)

______________

Horse Racing:

Bankruptcy to spur Lawrence County, Pa., harness track, owner says
(DBN)

______________

Telecoms:

Ciena to buy Nortel assets, double in size
(DBN)

Ciena will save 2,000 Nortel jobs
(DBN)

FairPoint loses $77m as revenues dip 18 percent
(DBN)

______________

RVs:

Country Coach may be out of options
(DBN)

______________

Boating:

The Woes of the Boat-Manufacturing World
(DBN)

______________

Private Equity:

Will Private Equity Be the Next Meltdown?
(DBN)

______________

Municipalities:

SD task force says bankruptcy an option
(DBN)

Philadelphia Mayor Nutter on Balancing Revenue, Services
(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)

______________

Banking:

Fed asks U.S. banks to submit TARP repayment plans
(DBN)

Concentrating on Commercial Real Estate
(DBN)

______________

Bankruptcy Statistics:

Bankruptcies on the rise again
(DBN)

______________

Food/Drink:

Bi-Lo submits bankruptcy reorganization plan
(DBN)

Bi-Lo spurns Food Lion
(DBN)

Brigham's owner vows to keep some restaurants open despite bankruptcy
(DBN)

______________

Corporate Reform:

A proposal that would force a companyýs creditors to take less than they are owed if a bailout is necessary could have the result of making credit harder to get
(DBN)

Support grows to limit the size of financial institutions
(DBN)

SEC to Focus on Derivatives as Insider Probes Expand
(DBN)

Kozlowski's life in jail
(DBN)

Why Kozlowski should get clemency
(DBN)

Are US regulators now racing to the top?
(DBN)

CFTC Chief to Police Financial Wild West
(DBN)

______________

Credit Cards:

Declines in credit card charge-offs to reverse-- Moody's
(DBN)

Credit Card Late Payments Drop in 3Q
(DBN)

The Card Game
(DBN)

Monster Debit Card Leads to $40 Pizza, 24,000 Percent Interest
(DBN)

______________

Compensation:

AIG's Rescue Bedevils U.S.
(WSJ: separate paid subscription required)

Fuld and Cayne didn't do so badly after all
(DBN)

______________

Religion:

Report: Diocese Wants to Pay Benefits to Pedophiles
(DBN)

Church mortgage delinquencies on the rise
(DBN)

______________

Finance:

Deep in debt, Advanta spends big on salaries
(DBN)

CIT gets court OK to borrow $500 million
(DBN)

______________

Sales:

Internet brings wider audience for bankruptcy auctions
(DBN)

______________

Aviation:

Feds to Try and Fix Airline Industry Again
(DBN)

JAL seeks 40 percent pension payout cut for survival
(DBN)

JAL Shares Slump On Bankruptcy Concerns
(DBN)

JAL's game of chicken
(DBN)

______________

Involuntary Bankruptcy:

Involuntary petitions for bankruptcy filed by AG against two N.H. businesses‏
(DBN)

______________

Direct Marketing:

BlueHippo Funding LLC files for Chapter 11
(DBN)

______________

Personal Finance:

Adults Moving Home in Recession; Delaying Marriage, Kids
(DBN)

______________

Newspapers:

Buyer for Phoenix 'East Valley Tribune'?
(DBN)

______________

Health Care:

Unused Hammond hospital goes on block
(DBN)

Medical debt: It's not just for the uninsured
(DBN)

______________

Debt Collection:

Legal Collector Axiant Files Bankruptcy ; NCO Group to Acquire
(DBN)

______________

Accounting:

Accountants caught up in bankers pay bill
(DBN)

The KPMG Dress Code Now Accommodates Ugly Christmas Sweaters
(DBN)

Congress Waters Down FASB-Oversight Plan
(DBN)

______________

UK:

Britain has run out of money, the CBI is told
(DBN)

Corporate insolvency register could move online
(DBN)

King Says Bank of England Encouraged Signs of Recovery
(DBN)

Debt collectors allowed to take cash from tills
(DBN)

RBS, Lloyds Are Doomed by State's Do-Good Owners
(DBN)

______________

Canada:

Altius Minerals says NLRC to emerge out of bankruptcy
(DBN)

______________

Mexico:

Mexico's Credit Rating Cut by Fitch as Oil Output Drop Swells Budget Gap
(DBN)

______________

Russia:

Russia Cuts Rate to Record Low 9% to Revive Lending
(DBN)

______________

Italy:

Buy-out of Bankruptcy Estates under Italian Bankruptcy Law
(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).