October 26, 2009

The Daily Bankruptcy News

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Law:

Heller Bankruptcy Judge to Lawyers: Your Plan Is a Mess
(DBN)

The Bankruptcy Files: Is The Party Over?
(DBN)

Legendary Houston Lawyer Finds Himself Playing Defense
(DBN)

What Was BofA Lawyer's Advice on Merrill? It Depended on the Audience
(DBN)

Now a Shortage of Foreclosure Attorneys
(DBN)

Chrysler's bankruptcy judge approves $48 million in payments to 10 lawyers, advisers
(DBN)

Old GM billed $23M for 90 days in bankruptcy filing
(DBN)

No Loyalty to Dead Clients?
(DBN)

Half of Folger Levin to Join Crowell & Moring
(DBN)

What’s Going On at Finnegan Henderson?
(DBN)

Allen Matkins Makes Another Salary Cut, And More Layoffs
(DBN)

NY Firms Remain Strong in DC Despite Slight Drop in Numbers
(DBN)

Notes from the Breadline: Friends and Other Strangers (Part 1)
(DBN)

Malpractice Suit Against Proskauer Is Dismissed
(DBN)

Orly Taitz appeals judge's $20,000 sanction; Calls Land's remarks 'political lynching'
(DBN)

Suit Calls U.S. Attorney's Office a 'Girls Club'
(DBN)

To Build Practice, Ex-Bush SG Embraces Liberal Clients
(DBN)

Supreme Court's 'Iqbal' Ruling to Get Congressional Hearing
(DBN)

A big property seizure case hits the Supreme Court
(DBN)

So You Want to Go Solo? You Sure?
(DBN)

S&C Chair Credits Flexible Policies for Women-Dominated Partnership Class
(DBN)

New Associates Find Work but Remain Mindful of Bad Economy
(DBN)

How is technology likely to impact the practice of law in the next few years?
(DBN)

Public Interest Lawyer Says Loaned Associates Should Be Permanent Program
(DBN)

UC Hastings Law School to $50K (Non-Resident Tuition)
(DBN)

Lawyer Indicted for Bankruptcy Fraud Over Client Advice
(DBN)

‘Vampire’ Law Prof Takes Academic Look at Zombie Litigation
(DBN)

Lawyer Who Once Weighed 386 Pounds Is Now Running Marathons
(DBN)

Lawyer of the Day: Samir Zia Chowhan
(DBN)

Motion of the Day: “We shall meet again you know where”
(DBN)

Writ of Craving Oyer
(DBN)

Lawsuit of the Day: Defective Underwear
(DBN)

Say What?!
(DBN)

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Judges:

Retired Justice O’Connor’s Family Home Is Moved to Museum
(DBN)

An Affectionate Portrait of Bill Rehnquist, Regular Guy
(DBN)

Justices Ginsburg, Scalia onstage in Washington National Opera's 'Aridane'
(DBN)

Thomas to other Supreme Court justices: Hush!"
(DBN)

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Wall Street:

US Stock-Index Futures Advance
(DBN)

Stocks End Week on a Down Note
(DBN)

Soros calls Wall St profits 'gifts' from state
(DBN)

Short Memories at Goldman
(DBN)

Flirting With Disaster: The Bear Prosecution Hits More Roadbumps
(DBN)

Wall Street Follies: The Next Act
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

65 and Up and Looking for Work
(DBN)

Reflecting on the Financial Health of a Former Employer
(DBN)

Looking for a New Job? Follow the Pink Slips
(DBN)

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Small Business:

Obama Seeks Support For Small Business
(DBN)

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Autos:

Chrysler Financial's fate: A 56% cut in pay, liquidation
(DBN)

General Motors To Raise CEO Henderson's Compensation
(DBN)

Chrysler offered $24.25M for Delaware plant
(DBN)

Bankruptcy hastened deal, insiders say
(DBN)

Fisker eyes old GM Del. plant
(DBN)

'No strike' language riles UAW
(DBN)

Bill would protect those who lost their dealerships
(DBN)

How Hecker's empire crumbled
(DBN)

Auto Recyclers Are Feeling Pressed as Clunkers Stack Up With a Deadline Nearing
(DBN)

Salaried retirees from Delphi Corp. expected to testify
(DBN)

GM To Encounter Delay In Opel Sale - Reports
(DBN)

GM's directors to review Opel sales deal in November
(DBN)

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Health Care:

Bankruptcy filing unlikely to harm communities' ratings
(DBN)

Davis Wright Settles Sunwest Litigation
(DBN)

Creditors Object to Forum's Interim CEO
(DBN)

Medical Debt's Hit on Credit is Unfair
(DBN)

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Newspapers:

Tribune Co. bankruptcy case: Bondholder group says company hid fees
(DBN)

Good news hard to find at U.S. papers
(DBN)

Brian Tierney's time, money, luck slipping away from his Philly news empire
(DBN)

Sun-Times union accepts cuts, clearing way for sale
(DBN)

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Gambling:

RI slot parlor closer to ending greyhound racing
(DBN)

Can Atlantic City Raise the Stakes?
(DBN)

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Finance:

CIT Warns of Big Losses if Investors Reject Plan
(DBN)

CIT warns bankruptcy may leave next to nothing
(DBN)

Icahn Proposes Own CIT Bankruptcy Plan
(DBN)

Carl Icahn exits Yahoo's board to focus 'on other matters'
(DBN)

Icahn Could Become Top Shareholder at CIT Group
(WSJ: separate paid subscription required)

Dispute over CIT claims
(DBN)

Obama Urges Small Business Loans
(DBN)

Capmark , Big Commercial Lender, May File for Bankruptcy
(DBN)

Capmark Financial Files for Bankruptcy, Has $21 Billion in Debt
(DBN)

Sequoia branches too far
(DBN)

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Pensions:

Calpers Cleans House, Finally
(DBN)

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Hotels:

The Scottsdale W Escapes Foreclosure
(DBN)

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Resorts:

City National calls Greenbrier loans a problem
(DBN)

Bidder for Daufuskie Island resort asks for more time
(DBN)

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Economy:

Can Main Street Catch Up with Wall Street?
(DBN)

Middle America Will Take Brunt of Policies
(DBN)

Obama Says Small Businesses Must Be at Forefront of Recovery
(DBN)

How Volcker Became Disillusioned with Obama
(DBN)

Two Lessons From the 1987 Crash
(DBN)

Is the Stimulus Really Working at All?
(DBN)

Too-Big-To-Fail Resolution: Why One Size Can't Fit All
(DBN)

Warning to US, Canada in UK Economic Data
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

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Real Estate:

Existing-home sales rebound to 2-year high
(DBN)

Uncle Sam Adds 5% to Prices of Homes, Goldman Says
(DBN)

More Homeowners Simply Walking Away
(DBN)

Real Estate Market Reels Again
(DBN)

First Magnus checks won't go out just yet
(DBN)

Trustee alleges scam, wants execs to take fall
(DBN)

If Lenders Say ‘The Dog Ate Your Mortgage’
(DBN)

House Oversight Leader Agrees to Subpoena Documents on Mortgage Deals
(DBN)

Opus Parent Closing
(DBN)

Feds Ready To Start Pushing Banks Toward CRE Loan Workouts
(DBN)

The Best and Worst Retail Markets in Third Quarter
(DBN)

Strapped Borrowers Go to Court
(WSJ: separate paid subscription required)

Fewer McMansions on the Horizon
(DBN)

Senate Sets Home-Buyer Proposals
(DBN)

Report Sheds Light on Why Homeowners Walk Away
(DBN)

LA: Going for Broke
(DBN)

Expect Bankruptcy In The Record Stuyvesant Town Real Estate Deal
(DBN)

UN Investigator Launches Probe Into US Housing Crisis
(DBN)

Capmark, Big Commercial Lender, May File for Bankruptcy
(DBN)

"Shadow" Housing Cloud S. Florida Recovery
(DBN)

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Banking:

7 More Banks Closed, 106 Failed in 2009
(DBN)

Bank failures hit 106 for year; many more are weak
(DBN)

US Bank Failures Exceed 100 for Year, First Time Since 1992
(DBN)

America's big banks are getting healthier. The small fry are not.
(DBN)

The Debate Over Vilifying Bankers
(DBN)

New Debit Card Overdraft Law Would Change the Game Entirely
(DBN)

One Bad Check: $683 in Overdraft Fees
(DBN)

Bernanke: Smaller Banks Not Necessarily the Answer for 'Too Big to Fail' Dilemma
(DBN)

How Main Street banks get what they want
(DBN)

Sorting Out the Secret Money From Switzerland
(DBN)

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Corporate Reform:

Bernanke puts heat on Congress to reform financial regulation
(DBN)

The delusion of managing unmanageable risk
(DBN)

In Bear Trial, Prosecution Seems to Falter
(DBN)

Obama's consumer protection agency passes first test
(DBN)

US Considers Reining In 'Too Big to Fail' Institutions
(DBN)

The government's push to standardize over-the-counter derivatives could severely disrupt corporate hedging programs
(DBN)

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Fraud:

Witness in Galleon Case Is Said to Have History of Passing Secrets
(DBN)

The strong case against Raj Rajaratnam
(DBN)

Shearman & Sterling Signs On to Wind Down Galleon
(DBN)

Provocative Legal Developments Involving Rajaratnam and Galleon
(DBN)

Probe Widening In Galleon Case
(WSJ: separate paid subscription required)

Terror-Funding Suit Filed Against Indicted Billionaire Hedge Fund Manager
(DBN)

Cozy Valley culture under scrutiny in Galleon case
(DBN)

Galleon Tip-Seeking on Intel Known to Prosecutors Since 2001
(DBN)

Galleon insider trading web extends back to 1990s
(DBN)

Galleon Case: The Richard Grodin File
(DBN)

Polycom executive placed on administrative leave
(DBN)

Galleon case complicated by further court action
(DBN)

Rajaratnam Gets Hit With Highest Bail In US History
(DBN)

Galleon Founder Puts Up Apt. To Secure Record-Setting Bail
(DBN)

Galleon scandal's executive conundrum
(DBN)

Learning to Love Insider Trading
(DBN)

Galleon managers in Asia explore buyout of fund-sources
(DBN)

Rajaratnam: Relentless Pursuit of Data
(WSJ: separate paid subscription required)

I'm a victim, pleads dealer hiding from art fraud case
(DBN)

Bernie bargain Benz
(DBN)

Bernard Madoff scheme's top beneficiary found dead
(DBN)

Lawyer: Death complicates Madoff investment case
(DBN)

Swenson didn't loot DBSI, lawyers say
(DBN)

Judge limiting costs to Stanford victims
(DBN)

Skilling's Enron Appeal: Is 'Honest Services Fraud' a Bogus Charge?
(DBN)

PwC Has the Perfect Solution to This Whole Satyam Misunderstanding
(DBN)

______________

Aviation:

Cut In Half
(DBN)

Sham Divorces? Not for a Retirement Plan Administrator to Decide, Says Judge
(DBN)

Don't expect top-notch service on a bankrupt airline
(DBN)

Tough week for Delta, in air and at the bank
(DBN)

Japan govt looking into special law for JAL
(DBN)

Govt-backed body to oversee JAL turnaround
(DBN)

Turnaround force tasked with rescuing JAL as it slashes jobs and subsidiaries
(DBN)

British Airways cut to sell at Deutsche Bank
(DBN)

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Accounting:

The U.S. and international accounting standards boards mull the divide between them on how banks should recognize changes in a loan's fair value
(DBN)

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Health Care:

Senate Bankruptcy hearing
(DBN)

Small Business Faces Sharp Rise in Costs of Health Care
(DBN)

How an Insurance Mandate Could Leave Many Worse Off
(DBN)

Seniors balk at retirement home buy-ins
(DBN)

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Fragrances:

Crabtree & Evelyn Files For Chap 11
(DBN)

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Mass Torts:

Hardie fund 'close to bankruptcy '
(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
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

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Bankruptcy Humor:

Bankruptcy Bill
(DBN)

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Compensation:

5 myths about Wall Street pay days
(DBN)

Fed plan to police bank pay unlikely to curb risk
(DBN)

Washington's Plans May Result in Even Higher Executive Pay
(WSJ: separate paid subscription required)

AIG to disburse $12M in delayed exec payments
(DBN)

A Step Forward on Pay
(DBN)

Wall St. pay wrath thrusts directors in spotlight
(DBN)

Banks Face Bonus Deadline - Report
(DBN)

US pay czar emphasizes wide "clawback" power
(DBN)

Psst...Here's Where Bankers Are Getting A Pay Raise
(DBN)

Why Are Bankers Paid So Much?
(DBN)

Banking Pay: ‘Is It Really Risk Mitigation or Just Populist Politics?’
(DBN)

Bailouts and Bonuses
(DBN)

Why Wall Street Bonuses Won't Go Away
(DBN)

Executive pay is only part of the problem
(DBN)

Companies as diverse as Polo Ralph Lauren and Eli Lilly are adopting executive-pay plans that echo principles laid out by U.S. regulators
(WSJ: separate paid subscription required)

______________

Antitrust:

House Panel Discusses Bankruptcy, Antitrust Issues
(DBN)

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Celebs:

The Obamas pose for Annie Leibovitz. Will it help her avoid bankruptcy ?
(DBN)

First family's first portrait on the house
(DBN)

Broke Aussie Author Inspires Bidding Frenzy
(DBN)

Pammie bankrupt over platinum pool
(DBN)

Hard-up Fergie out of the red
(DBN)

I was on the brink of being bankrupt after US lifestyle firm failed, says Duchess
(DBN)

Toni Braxton Faces Foreclosure
(DBN)

Behind Michael Jackson's mad money
(DBN)

______________

Lehman:

Goldman claim a shame
(DBN)

PricewaterhouseCoopers tries to win approval for Lehman Brothers' assets scheme
(DBN)

Metavante to appeal swap ruling in Lehman case
(DBN)

Clearing a Name at Lehman
(DBN)

Lehman Brothers Examiner Wants to Interview Former SEC Chief
(DBN)

______________

Telecoms:

Governors talk tough to FairPoint
(DBN)

Let FairPoint go bankrupt
(DBN)

FairPoint Voluntarily Files for Ch. 11 Protection
(DBN)

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Personal Finance:

Wealthy Hawk Their Gold for Cash
(DBN)

Dave Ramsey; Can He Really Get You Out of Debt?
(DBN)

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Oil/Gas:

Bankruptcy filing shows state of oilfield services firms
(DBN)

Oil Poised To Climb
(DBN)

______________

Exemptions:

California Homestead Exemption Increases January 1, 2010
(DBN)

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Horse Racing:

Chickasaw Nation submits new top bid for Lone Star Park
(DBN)

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Environmental:

Apex Oil: Environmental Cleanup Liability Survives Bankruptcy
(DBN)

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Utilities:

Few bondholders accept Energy Future Holdings offer
(DBN)

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Food/Drink:

Max & Erma's chain in Pittsburgh files for bankruptcy
(DBN)

Super 88 files bankruptcy
(DBN)

Chain eateries feel crunch after the economy went sour
(DBN)

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Credit Cards:

Angry Consumers Cancel Their Credit Cards
(DBN)

Card issuers rethink policies
(DBN)

Card companies are fending off criminals and the effects of new laws
(DBN)

Schumer: Credit card law should take effect sooner
(DBN)

Prepaid, but not prepared for debit cards' hidden fees
(DBN)

______________

Hockey:

NHL inches closer to settling Coyotes' fate
(DBN)

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Agriculture:

Lender's Failure Squeezes Dairy Farmers
(DBN)

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Religion:

Diocese's struggles surpass bankruptcy
(DBN)

______________

Municipalities:

Veloz: Consider bankruptcy for Bayonne
(DBN)

Bankruptcy : Some Explainers
(DBN)

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UK:

Plan for larger state role in bankruptcy cases attacked
(DBN)

PwC wins two gongs at Insolvency Rescue Awards
(DBN)

Conservative Wants Business Credit Scheme
(DBN)

Prince Andrew defends big bonuses
(DBN)

Seaside towns' rising tide of personal insolvencies
(DBN)

Time to Break Up the Megabanks
(DBN)

______________

Germany:

German consumer confidence for Nov slips
(DBN)

______________

Canada:

Conservatives willing to change bankruptcy laws: O'Connor
(DBN)

Details of Canwest's debts outlined in creditor list
(DBN)

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Norway:

Norway Divided by Citizen Wealth Tables
(DBN)

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Japan:

Saving lives by offering debtors a way out
(DBN)

______________

Korea:

Korean growth at seven-year high
(DBN)

______________

Mexico:

Mexico Looks to US for Economic Recovery
(DBN)

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