October 14, 2009

The Daily Bankruptcy News

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Law:

A Day About Bad Lawyering at the High Court
(DBN)

BacMerSaga Twist: Wachtell’s Emails Likely Headed For Public Consumption
(DBN)

Sizing up BofA's Privilege Waiver
(DBN)

BofA, Merrill docs to put employees on spot?
(DBN)

Alston & Bird Squeezes the Secretaries
(DBN)

Update: Mystery Meeting at Winston & Strawn
(DBN)

This Year's New Associates: Help or Competition?
(DBN)

One Jobless Lawyer's Tales of Woe
(DBN)

Law Firm Layoffs: When the Facts Obscure the News
(DBN)

Customize your hours and compensation at Thompson & Knight
(DBN)

WilmerHale Warns Associates Against Talking to ATL - But Has It Worked?
(DBN)

Top South Florida Attorneys' Billing Rates Rise in 2009
(DBN)

Lecture, But No Sanction for Company that Sought Dismissal of Foley Suit
(DBN)

Gary Kaplan Joins Farella Braun + Martel
(DBN)

Honigman forms international auto team
(DBN)

Shearman, Willkie On Hand for Bloomberg/BusinessWeek Tie Up
(DBN)

Ex-law partners move beyond bankruptcy turmoil
(DBN)

Big-Deal Firms Hang On In Small-Deals Era (And Cooley Rallies)
(DBN)

Debevoise on Another AIG Asset Sale, Simpson Thacher Joins In
(DBN)

Firm Rebuked Over "Frivolous" Attempt to Recoup Costs From Former Client
(DBN)

Management at London law firms: Sometimes it was 'poor', other times 'woefully ineffective'
(DBN)

Dead Man's Statute Stops Testimony in Law Firm Fee Dispute
(DBN)

To Tweet or Not to Tweet
(DBN)

Pioneering Woman Attorney Dies at 101
(DBN)

No, Boston Firm Is Not Randomly Awarding Shopping Sprees, Darn It
(DBN)

Lawyer Fined $20K for ‘Wild Accusations’ in Suit Over Obama Citizenship
(DBN)

The Applied Discovery Rooftop Gathering: A Photo Essay
(DBN)

Virginia Board of Bar Examiners Threatens Retaliatory Action Against Eager Test Takers
(DBN)

Expat Lawyers Found Guilty of Stealing Kazakh Clients and Fees
(DBN)

Questions Raised Over FBI Search Warrants on Prominent Miami Attorney
(DBN)

Lawsuit of the Day: So You Think You Can Dance?
(DBN)

Bon Jovi to Rock Plaintiffs Lawyer's Holiday Party
(DBN)

Say What?!
(DBN)

Facebook Poke Gets Woman Arrested
(DBN)

Mug Shot Roundup
(DBN)

Handsome young attorney looking for woman over 35
(DBN)

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Judges:

Summary of actions by the Supreme Court on Tuesday
(DBN)

Justices Cite Concern Over Class-Action Costs
(DBN)

Sotomayor Joins Conservatives to Raise Class-Action Cost Concern
(DBN)

GQ on D.C. Clout: Who's Mightier than Chief Justice Roberts?
(DBN)

Who Didn't Get Disciplined For Doing Something Bad Before Joining the Bench? Guess.
(DBN)

Retired Supreme Court Justice Wraps Up Local Cases
(DBN)

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Wall Street:

US Stock-Index Futures Rise
(DBN)

Stocks Decline, Led by Financial Shares on Concern of Loan-Related Losses
(DBN)

Wall St falters on J&J, banks
(DBN)

Goldman Sachs Cut to 'Neutral' by Meredith Whitney
(DBN)

Pessimism on Stocks Increases on Valuations as Earnings Begin
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Employees face layoffs at Premier Resorts
(DBN)

Finance Layoffs: BofA and Capmark Financial
(DBN)

Bleak job market boosts military recruitment; Meets all goals for first time since 1973
(DBN)

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Enron:

US Supreme Crt To Hear Appeal from Enron's Skilling
(DBN)

Understanding Skilling's Appeal
(DBN)

'Honest services' law in jeopardy?
(DBN)

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Tax:

Multinationals Win Battle Over Tax Hike
(DBN)

Obama Still Wants Corporation Taxation Reform
(DBN)

Deferral Drama: Why Obama corporate tax reversal hints at a VAT
(DBN)

A Texas tax battle heads to New York
(DBN)

Tax break of up to $3,500 for pet care expenses
(DBN)

Democrats Plan Push to Raise Taxes on Buyout, Venture-Capital Executives
(DBN)

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Health Care:

Health Bill: Insurance Industry Withholds Support
(DBN)

Unions Will Oppose Baucus Bill Unless It's Changed
(DBN)

Centrist Group: Baucus Bill Still Has Problems
(DBN)

Senate panel OKs middle-of-the-road health plan
(DBN)

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Economy:

Global Confidence Rises as Manufacturing Expands, Stocks Climb
(DBN)

Gold strides onto record turf again
(DBN)

Dollar Declines to Weakest Level Since Before Lehman Bankruptcy
(DBN)

Dollar loses reserve status to yen & euro
(DBN)

Public Rage at Government, Business
(DBN)

Jobs, deficit temper upbeat outlook among economists
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Report: Capmark readying bankruptcy filing
(DBN)

Foreclosures Pose Challenge, Cost to Census Count
(DBN)

U.S. to Set Guidelines for Modifying Troubled Commercial Real-Estate Loans
(DBN)

Foreclosures Outpacing Mortgage Changes
(DBN)

11th Circuit Sides With Developers in Fight to Enforce Contracts
(DBN)

Tilson: Housing "Recovery" Is Still The Mother Of All Head Fakes
(DBN)

Douglas Wilson Companies Sells Three Distressed Properties for Regional Bank
(DBN)

Boymelgreen faces eviction from his Brooklyn HQ
(DBN)

IRS Addresses CMBS Pre-Default Loan Modification Rules...But Will It Help?
(DBN)

California's Sensible Mortgage Restraints
(DBN)

Report: Banks hold more than 90,000 CA homes in inventory
(DBN)

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Fraud:

Bernard Madoff's Mercedes-Benz to Be Auctioned by US Marshals
(DBN)

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Banking:

Bank watchdogs crack the whip
(DBN)

Bank of America giving up Merrill deal documents
(DBN)

SEC Broadens Inquiry Into Bank of America's Merger With Merrill
(DBN)

Mortgage-servicing Rights Writedowns Could Crush Banks' Earnings for Quarter
(DBN)

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Finance:

CIT's Peek Steps Down
(DBN)

CIT's Jeffrey Peek and the Downside of Reaching Your Dream
(DBN)

Is Jeffrey Peek stepping down from CIT to keep the company alive?
(DBN)

GMAC's Ally Lampoons Kid-Cheating Lenders, Woos Depositors With Top Rates
(DBN)

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Baseball:

Chicago Cubs bankruptcy case in a league of its own
(DBN)

Cubs in and out of bankruptcy in one day
(DBN)

Chicago Cubs get needed bankruptcy court OK
(DBN)

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Video Games:

European Developer Oxygen Games Declares Bankruptcy
(DBN)

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Aviation:

Eclipse Aerospace wants free rent from Albuquerque
(DBN)

JAL wants ¥250 billion debt waiver
(DBN)

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Oil/Gas:

Aurora Oil & Gas Corporation Files Proposed Plan of Reorganization
(DBN)

Crusader Energy Group Inc. Announces Offer for Sale of Certain Texas Oil and Gas Assets
(DBN)

Oil prices near high for year
(DBN)

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Personal Finance:

The Hidden Price of Prepaid Debit
(DBN)

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Compensation:

Pay Czar Asks AIG Not to Pay Promised Bonuses
(DBN)

Pay czar insuring AIG will slash bonuses
(DBN)

Goldman Bonuses Astounding But Stylistically Legit
(DBN)

______________

Private Equity:

Private equity exec says industry aided downturn
(DBN)

Energy Future Bondholders Hire LAw Firm To Fight Debt Exchange
(DBN)

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Lehman:

City Puts Heat on Lehman Over Fire Hazard
(DBN)

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Derivatives:

The Really, Really Simple Way To Fix The $592 Trillion Derivatives Market
(DBN)

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Furniture:

Simmons solicits votes for pre-packaged bankruptcy
(DBN)

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Retailing:

Retail Sales in U.S. Probably Fell After `Cash for Clunkers' Plan Expired
(DBN)

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Food/Drink:

Supporters of meat plant exec crowd courtroom
(DBN)

Tavern on the Green sues NYC, seeks eviction delay
(DBN)

Timing Becomes an Issue in Tavern on the Green Dispute
(DBN)

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New Bankruptcy Opinions
(2 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)

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Bankruptcy Statistics:

Bankruptcy rates in Utah can be deceiving
(DBN)

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Fraudulent Transfers:

Tousa Judge Rules Citicorp Loans Were Fraudulent Transfers
(DBN)

______________

Fraud:

It’s Not Just the Skilling Case: High Court Tackles Honest Services Fraud
(DBN)

Bernie Madoff -- The Scrapper In The Slammer
(DBN)

Another Firm Swept Up in Suit Over Stanford Scheme
(DBN)

SEC Fights Stanford Receiver's Bid to Revive Clawbacks Against Investors
(DBN)

Report: Sjoblom Withdraws from Proskauer; Chadbourne Added to Stanford Suit
(DBN)

ACORN fires founder's girlfriend
(DBN)

Fish & Richardson: The Latest Scam Target
(DBN)

Former United Rentals Executive Pleads Guilty
(DBN)

Buy Sam Israel's Getaway Wheels
(DBN)

______________

Autos:

In tentative deal, Ford agrees to give $1K bonus
(DBN)

Bankruptcy Plus Divorce Equals Major Drama
(DBN)

Judge to Hecker: Source of cash?
(DBN)

Chrysler and BBDO Said to Be Parting Ways in 2010
(DBN)

Repo Man Allegedly Tries to Get Cops to Do His Job
(DBN)

Moscow's risky Opel gambit
(DBN)

Opel takeover was complex two-year journey
(DBN)

GM Opel German Workers Agree to Cost Cuts, Union Says
(DBN)

Vauxhall says will keep British car plants open
(DBN)

______________

Horse Racing:

Preakness Required To Stay In Maryland
(DBN)

______________

Theme Parks:

Six Flags New Orleans No More
(DBN)

______________

Newspapers:

Philly newspaper owners appeal credit-bid ruling
(DBN)

Holdout Union Delays Sun-Times Sale
(DBN)

______________

Magazines:

Bloomberg Buys BusinessWeek
(DBN)

______________

Accounting:

Firm Mascot Challenge: PwC
(DBN)

Work/life balance not working for accountants
(DBN)

______________

Telecoms:

Mike Z bellies up for bankrupt Nortel `crumbs'
(DBN)

______________

Gambling:

City OKs plan to lift Greektown casino from bankruptcy
(DBN)

Detroit casino revenues fall to lowest this year
(DBN)

Twin River set for bankruptcy hearing
(DBN)

______________

Hotels:

Hawaii Hotels Face Tough Times
(DBN)

Cities where hotel rates have dropped the most
(DBN)

Commercial Real Estate Depression Means Major Hotel Bargains
(DBN)

______________

UK:

Berkeley Sues Over Broken Contracts Signed During Housing Peak
(DBN)

UK Inflation Rate Declines More Than Forecast to Five-Year Low of 1.1%
(DBN)

Lloyds Said to Face 2 Billion-Pound Fee to Exit APS
(DBN)

Some pension schemes close to insolvency
(DBN)

UK Lawmakers Told to Repay Disputed Expense Claims
(DBN)

Growth in UK unemployment slows
(DBN)

Profit warnings hit a six year low
(DBN)

______________

EU:

Bank Bond Risk Falls in Europe on Wagers Profits Will Recover
(DBN)

Europe Industrial Output Rises for Fourth Month, Adding to Recovery Signs
(DBN)

______________

Germany:

German Investor Sentiment Drops on Economic 'Realism'
(DBN)

______________

China:

China Consolidates Its Lead in Global Trade
(DBN)

Decline in Chinese trade slowing
(DBN)

The Recession's Not Over for China's Law Firms
(DBN)

______________

India:

India Finds Itself Awash in Foreign Investment
(DBN)

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