October 2, 2009

The Daily Bankruptcy News

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Law:

McKool Smith Adds National Bankruptcy Practice
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McKool Smith Breaking into the Bankruptcy Biz
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Foley Recruit to Expand N.Y. Bankruptcy Practice
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Off Da Hook! Ninth Circuit Vindicates Irell in Broadcom Case
(DBN)

Wildman Harrold Rescinds Job Offers to 10 New Associates
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No Offer Watch: Schulte Roth Summer 2009 Recap
(DBN)

Never Mind About 2010, Katten Tells 6 Deferred Law Grads, Can You Start Now?
(DBN)

Cooley Lays Off 58 Staffers
(DBN)

Clifford Chance outsources 300 deals to Indian service center
(DBN)

Widespread discrimination against laid off lawyers
(DBN)

Career Center: All the Leaves are Falling… (Plus a list of September’s hot law firms)
(DBN)

Hard Times for Harvard Law Students
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Match Game: A Modest Proposal on Revamping Law-Firm Hiring
(DBN)

Firm Leaders Fail to Win Backing in Bid to Boot Underperforming Partner
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Could the Bad Economy Be Good for Women Lawyers?
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Citigroup now using alternative fees for one third of all work
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Weil #1 For Diversity
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Legal OnRamp Release 2.0
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New Report Shows Signs of Life in Law Firm Merger Market
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U.K. Hourly Rates Head in Unfamiliar Direction
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Survey reveals nearly half of lawyers still nervous about job security
(DBN)

Defections Could Leave NY Firm in Dutch With Deutsche Bank
(DBN)

Shots Fired in Bear Stearns Case; Spotlight Shifts to Defense Counsel
(DBN)

BigLaw Firm Answers Malpractice Claims
(DBN)

Musical Chairs: Lanny Davis and Eileen O’Connor Leave Orrick for McDermott
(DBN)

From New York to Bangalore: An Outsourcing Tale
(DBN)

Judge Orders Toyota to Hold All Car-Crash Documents
(DBN)

Small Litigation Shop Scores Big Win in Adverse Climate
(DBN)

Industry Fallout Results in Trend of New Small Firms
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Jersey lawyers are the most expensive in the world
(DBN)

Law Firms Need a Focused Strategy for the New Economy
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Tempted By Foreclosure Crisis, Some Lawyers Overcharge & Underwork
(DBN)

Would-Be Lawyer with Pattern of ‘Offensive Behavior’ Denied License
(DBN)

How Selling Mary Kay Cosmetics Helped ‘My Pink Lawyer’ in Practice
(DBN)

Judge Axes Attorney from Criminal Case, Says He ‘Played a Major Role’
(DBN)

Law Firm Agrees to Pay $40K to Lawyer Who Lost Job After Military Stint
(DBN)

10 Dating Rules That Can Also Help You in a Job Interview
(DBN)

Former U.S. Attorney v. Angry Estranged Husband
(DBN)

Is the iPhone Ready for Law Firms?
(DBN)

Attack of the Stack Whacker at American University - Washington College of Law
(DBN)

Misadventures in Lawyer Advertising: Jane Clark Swaps Out Her Hubba-Hubba Photo
(DBN)

Deal Goggles
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Lawyer of the Day: the Once High-Billing Todd Stitzer
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Say What?1
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Judges:

Justice Thomas Speaks About His Silence on the Bench
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Proposed Standard for Lawyer Advice: What Would Judge Rakoff Think
(DBN)

Scalia Worries Gifted Litigators Should Be Doing Something More Productive
(DBN)

Justice Thomas Says Nomination Was Like a ‘Near Death Experience’
(DBN)

Is the U.S. Supreme Court Losing its Relevance?
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Wall Street:

US Stock-Index Futures Fall
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European shares lower ahead of US jobs data
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Dow Drops Over 200
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Jobless Claims Weigh Down Street
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Finally, Heads Are Rolling Again on Wall Street
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Layoffs:

National and State by State Unemployment Rates
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US Initial Jobless Claims Rose 17,000 to 551,000
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Bernanke: Government should help long-term jobless
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Who's Stealing Americans' Jobs Now?
(DBN)

Joblessness for Rabbis
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Economy:

IMF chief: sustained stimulus needed to save jobs
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Manufacturing Grows at Slower Pace, Claims Rise
(DBN)

Bernanke: A new super-currency would weaken the dollar
(DBN)

Happy Birthday, Bailout: $390 Billion Outstanding
(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:

August pending home sales rise to 2 1/2 year high
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Pending US home sales up seven months in a row
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Foreclosure Crisis Brings Record Number of Complaints Against Lawyers
(DBN)

US 30-year mortgage rate retests record lows
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Manhattan Apartment Prices Decline for Second Straight Quarter
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Autos:

Ford Says US Sales Fell 5.1% After 'Clunkers' Ended
(DBN)

Chrysler, GM sales nearly halved, Daimler down but Hyundai soars
(DBN)

Without Clunker Program, Auto Sales Fall Back
(DBN)

Renault Says Saturn Talks Broke Down at Last Minute
(DBN)

Don't look for another bid for Saturn, industry experts say
(DBN)

Saturn Dealers Hang Onto Optimism
(DBN)

The truly puzzling life of Chrysler's deputy CEO
(DBN)

Shumates, dealerships file Chap. 11
(DBN)

Toyota Says Company Is 'Grasping for Salvation'
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Newspapers:

Philly newspaper creditors seek control of company
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Newspaper creditors claim owners want control
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Can creditors use IOUs to bid on papers? Judge to rule
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Judge quizzes both sides in newspaper case
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Telecoms:

CEO: Bankruptcy "certainly very possible" for FairPoint
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Big names eye troubled FairPoint
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FairPoint says defaults on credit facility
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Oil/Gas:

Edge Petroleum files for Ch 11, to sell most assets
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Shipping:

US Shipping Partners' bankruptcy plan confirmed
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Lehman:

Fed May Have Jumped Lehman Creditor Line
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Court Probes Fed In Lehman Bankruptcy
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Celebs:

Anderson's financial ruin rumors continue
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Accounting:

E&Y restructure Hong Kong outpost following raid
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Credit Cards:

Fitch: Respite Over for US Credit Card ABS as Chargeoffs Resume Climb
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New Bankruptcy Opinions
(1 new opinion 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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Bankruptcy Prediction:

Does a Negative Research Report Constitute Libel?
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Aviation:

Frontier Airlines emerges from bankruptcy
(DBN)

EU Says Oneworld Alliance May Be Illegal
(DBN)

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Banking:

Who Can Take Charge at Bank of America?
(DBN)

Lewis Still Faces a Gantlet of Legal and Political Woes
(DBN)

Ken Lewis' $53 Million Goodbye
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Compensation:

Reader's Digest Paid Execs Millions Before Bankruptcy
(DBN)

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Gambling:

Recession Causing Lucky Dog Casino To Close For The Winter
(DBN)

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M&A:

The Value of M&A Deals Is on Track to Plunge Nearly 50 Percent This Year to Levels Not Seen Since the Mid-1990s, Says Report by The Boston Consulting Group
(DBN)

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Hockey:

The NHL Drops the Puck
(DBN)

Bankruptcy Judge Leaves Room for N.H.L.'s Offer
(DBN)

Coyotes' pothole-filled path
(DBN)

Coyotes fans optimistic after ruling
(DBN)

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Theme Parks:

Freestyle Music Park Gets Off to Rocky Start
(DBN)

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Food/Drink:

$12 Million in Insurance for PCA Victims
(DBN)

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Fraud:

Madoff trustee ups claim against investor Picower
(DBN)

Dreier airs his dirty laundry
(DBN)

ACORN Legal Memo Confirms Depths of Troubles
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Consultants:

AIG fires McKinsey as adviser
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Finance:

CIT Collapse Would Be a Drastic Mistake, Pros Say
(DBN)

CIT Pledges to Cut $5.7 Billion of Debt in Swap Offer
(DBN)

CIT Says Bondholders Would Own 94 Percent of Company
(DBN)

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UK:

UK House Prices Rose for Fifth Month in September
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Japan:

Japanese Business Sentiment Up Slightly
(DBN)

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Asia:

Asia-Pacific Bond Risk Jumps on Concern US Recovery Faltering
(DBN)

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