October 29, 2009

The Daily Bankruptcy News

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Law:

Heller Creditors Seek $150 Million, Detail Firm's Failings
(DBN)

Skadden Helps NHL Buy Coyotes; Cadwalader Repping Prospective Buyer
(DBN)

Sonnenschein Reps Icahn as CIT Stays on Life Support
(DBN)

Brewers and Yankees fans lawyered Chicago Cubs sale
(DBN)

DLA Piper and Barlows drafted to help with 200m 'mini Madoff' asset trail
(DBN)

Wachtell's merger advice has come under scrutiny in the ongoing investigation into the Bank of America-Merrill Lynch
(DBN)

Lawyer Raided Sullivan & Cromwell Offices for Inside Info Years Ago, Court Filings Say
(DBN)

Law Firm Merger Mania: Lovells and Hogan & Hartson Talks Still on Track
(DBN)

Reed Smith Joins the Attack on Lockstep
(DBN)

No Offer Watch: McGuireWoods Does the Wave
(DBN)

The Snarky Lawyer Returns: Discovery Disputes
(DBN)

Career Center: A Collection of Compensation Information
(DBN)

Columnist Laments Unemployed Law Grads and Broken Unspoken Contract
(DBN)

Want to Update Your Avvo Listing? If So, Start Policing Client Comments, Opinion Says
(DBN)

A Series of Unfortunate Events Leads to $1.26 Billion Judgment
(DBN)

Even lawyers are stung by 'evolving' economy
(DBN)

Chamber of Commerce and Trial Lawyers Release Battling Litigation Reports
(DBN)

Lawyer? What Lawyer? Condo Owner Protests Costly ‘Representation’
(DBN)

Notes from the Breadline: Friends and Other Strangers (Part 2)
(DBN)

What Gets Rudy Motivated?: Maybe It's Not Splitting the Cash With His Firm
(DBN)

Foley lands $208 million federal contract
(DBN)

Lawyer's $900/Hour Arbitration Fee Angers Transit Board Members
(DBN)

Lawyer Loses Appeal of 90-Day Sentence for Making Obscene Gesture in Court
(DBN)

Former Toyota Attorney Complains the Automaker Hounded Him
(DBN)

Lawsuit of the Day: Another Reason to Keep Your Daughter Off the Pole
(DBN)

Supplemental Lawsuit of the Day: Principal’s ‘Phallusy’?
(DBN)

Kilpatrick sues Stefani over leaked text messages
(DBN)

Fla. Managing Partners Survey Shows Year of Retrenchment
(DBN)

What a Top Lawyer Wants, What a Top Lawyer Needs ...
(DBN)

'Iqbal' Fails to Find Fan Base at House Judiciary Committee Hearing
(DBN)

Deputy Assistant AG Fired After Being Caught in Cemetery With Stripper
(DBN)

4 Lawyers Accused in Major Ins. Fraud; Geragos Blames AIG for Client’s Situation
(DBN)

Superhero Persona: Good Marketing Idea for Lawyers?
(DBN)

Law School Says Stats on Jobless Grads Were Wrong; Publication Differs
(DBN)

Is Brooklyn Law School Informing On Its Own Students?
(DBN)

No damages for defective underwear
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge Recuses Himself, Citing Another Jurist's "Unsolicited Conversations"
(DBN)

Jury Convicts Judge in Prostitution Case
(DBN)

DA Plans to Appeal Ex-Judge’s Acquittal in Paddling Case
(DBN)

Judge-Stalking Trial Delayed After Defendant Checks Herself Into Hospital
(DBN)

Judge pleads guilty to vehicle tampering
(DBN)

Attorneys argue judges liable for actions on bench
(DBN)

______________

Wall Street:

US Stock Futures Rise Before GDP Report
(DBN)

Stocks Slide as Risk Loses Favor
(DBN)

Lazard gets bankruptcy boost
(DBN)

Exotic Bets to Hedge a Portfolio
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

US Airways to cut 1,000; Boston targeted
(DBN)

American to Close KC Base, Fire 700
(DBN)

Versace cuts 350 jobs and forecasts losses
(DBN)

Arizona Unemployment Hits 17.2%
(DBN)

______________

Aviation:

US Airways to Slash 1000 Jobs, Cut Flights
(DBN)

Continental Will Add Fees to Help Return to Profit
(DBN)

Panel recommends Japan Airlines seek public funds
(DBN)

Japan Airlines turns to govt for 'huge' bailout
(DBN)

______________

Finance:

GMAC May Receive Third Government Bailout in November
(DBN)

Let GMAC Fail
(DBN)

Prevent Bailout Alzheimer's: Some GMAC Fun Facts
(DBN)

GMAC = Insanity
(DBN)

Fixing GMAC: Paging JPM
(DBN)

Why is GMAC Paying Dividends While It Begs the Taxpayer for Money?
(DBN)

How Many Lifelines Can GMAC Get?
(DBN)

CIT Announces Accelerated Process for Appointing New Directors in Potential Prepackaged Plan of Reorganization
(DBN)

Icahn Should Give Up Running Other People's Money
(DBN)

CIT Mess Leaves Edgeview Partners In Limbo
(DBN)

Governments Never in Default Pay More Interest Than Companies
(DBN)

______________

Food/Drink:

Ham's Restaurants File For Bankruptcy
(DBN)

Damon's files for Chapter 11 bankruptcy
(DBN)

______________

Student Debt:

Lender Agrees to Forgive Flight Students' Debt
(DBN)

The Subprime Student Loan Racket
(DBN)

______________

 

 

Economy:

New home sales fall a surprising 3.6 percent
(DBN)

US Factory Orders Rise
(DBN)

Fewer deaths during a recession
(DBN)

Stimulus jobs overstated by thousands
(DBN)

IMF Raises Growth Forecasts for Asia
(DBN)

TARP special master doubts AIG will repay all it owes
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Surprise drop in new home sales
(DBN)

Delinquencies Swell to 11% in Q309
(DBN)

REITs and Commercial Real Estate's Victims
(DBN)

Builder California Coastal Files for Bankruptcy
(DBN)

Senate Said to Revise Plan to Extend, Expand Homebuyer Credit
(DBN)

New York, New Jersey Counties Lead in Property Taxes
(DBN)

Class Action Revived Against Countrywide Over Alleged Kickbacks
(DBN)

Pain Persists, But Worst May Be Over for Nation's Industrial Real Estate Market
(DBN)

Q3 Retail Real Estate Report: Better but Not Out of the Woods Yet
(DBN)

Texas House Sales Improve Despite Rising Unemployment
(DBN)

Foreclosures Double in DC Area
(DBN)

Hottest Housing Market? Minneapolis St Paul
(DBN)

_____________

Fraud:

Cash Losses in Madoff Scheme Put at $21.2 Billion
(DBN)

SIPC Allots $534 Million for Madoff Victims
(DBN)

Judge Sullivan to Madoff Cooperator: Show Me Your Cards
(DBN)

Madoff 'Losers' Get Only $534 Million; 'Winners' Get Zero
(DBN)

Fund lost $1bn, wants Madoff suit dropped
(DBN)

Indirect Investors in Ponzi Schemes Might Get a Break
(DBN)

McKinsey Suspends Executive Suspected of Insider Trading
(DBN)

McKinsey & Co. launches insider probe
(DBN)

Former AMD chief linked to Galleon case
(DBN)

Stanford receiver: up to $1.5 billion in assets may be recovered
(DBN)

Globalfoundries chairman linked to fraud probe
(DBN)

______________

Autos:

GM to draw gov't funds for Delphi costs?
(DBN)

Old GM to pay adviser more than $16 million
(DBN)

GM predicting its first sales uptick in 21 months
(DBN)

Citing Boosts in Market Share and Sales, GM Says It Sees Progress
(DBN)

Republicans: GM rescue is 'bridge loan to nowhere'
(DBN)

Visteon seeks approval of $150 mln DIP financing
(DBN)

Va. Auto Parts Plant Closing
(DBN)

Ford set to offload Volvo to Chinese carmaker Zhejiang Geely
(DBN)

Volvo sale to be complex for Ford
(DBN)

______________

Bankruptcy Crimes:

Myrtle Beach man facing bankruptcy fraud charges
(DBN)

______________

Telecoms:

Unions balk at FairPoint's calls for $30m in concessions in plan
(DBN)

Nortel says will delay GSM asset auction
(DBN)

Nortel gets court approval for packet core network component sale to Hitachi
(DBN)

Judge says FairPoint can tap $75m bankruptcy loan
(DBN)

______________

Golf:

The Federal Club files Chapter 11
(DBN)

______________

Banking:

Second Time's the Charm for Plaintiffs in WaMu Complaint
(DBN)

Former Chair of Citi: Restore Glass-Steagall
(DBN)

Despite Erosion in CRE Assets, Bankers Ask: "What? Me Worry?"
(DBN)

The Coming “Tea Parties” Against J.P. Morgan
(DBN)

Deutsche Bank Says Markets to Boost Investment Banks
(DBN)

ICBC Third-Quarter Profit Rises 19% as Loans Increase, Provisions Decline
(DBN)

______________

Corporate Reform:

An Easy First Round For Financial Reforms
(DBN)

Government Witness Bolsters Prosecution in Bear Stearns Trial
(DBN)

Could a Florida real estate deal sink Cioffi and Tannin?
(DBN)

House Financial Committee Busy
(DBN)

______________

Credit Cards:

Cards From Largest Banks Would Break Law
(DBN)

Many Online Credit Card Offers ‘Unfair or Deceptive,’ Pew Report Says
(DBN)

______________

Derivatives:

M Stanley court battles over China derivatives
(DBN)

Capmark - Would this work?
(DBN)

AIG, Geithner, CDOs for 100 cents on the dollar
(DBN)

______________

Mining:

Bankruptcy status cuts Asarco profits
(DBN)

______________

Art:

Stamford Arts Center, Out Of Bankruptcy , Starts New Business Model
(DBN)

______________

Agriculture:

Leading Greenhouse Farming Operation Expects to Exit Bankruptcy in November
(DBN)

______________

RVs:

Two Boulder-area RV firms file for bankruptcy
(DBN)

______________

 

 

New Bankruptcy Opinions
(1 new opinion 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)

______________

Bankruptcy Statistics:

US Personal Bankruptcy to Reach Near Record Levels in 2009
(DBN)

______________

Compensation:

Bonuses Await Executives if General Growth Speeds Through Bankruptcy
(DBN)

Pay czar: I don't want more authority
(DBN)

Parsing Feinberg's pay rationale
(DBN)

GM CEO calls pay cuts 'fair'
(DBN)

Feinberg: Fed, Treasury Releases on Compensation Weren't Coordinated
(DBN)

AIG's Misguided TARP-Funded Bonuses
(DBN)

Executive pay crackdown is a joke
(DBN)

The Cost of Wasserstein’s Riches
(DBN)

______________

Mass Torts:

Fla. Appeals Court Reverses $24.2 Million Verdict in Asbestos Case
(DBN)

______________

Retailing:

Z Gallerie's road ahead may be rocky
(DBN)

______________

Corporate Governance:

Chancery Court Discusses Fiduciary Duty of Director to Disclose Information While Negotiating Release with Corporation and Whether Lack of Disclosure Could Invalidate the Release
(DBN)

______________

Sales:

The Pinnacle of Auctions
(DBN)

______________

Finance:

CIT Shoots Icahn Down
(DBN)

CIT secures $4.5 bln credit facility
(DBN)

New CIT aid is in hedges
(DBN)

CIT Bonds Show Bankruptcy Inevitable as Swap Expires
(DBN)

______________

Celebs:

Dan Issel Broke, His Memorabilia Up For Auction
(DBN)

Anna Nicole Witness: Doc Hid Medical Records
(DBN)

______________

Accounting:

Ernst & Young's Latest Attempt to Boost Morale
(DBN)

______________

Newspapers:

Bankruptcy judge defers action in Tribune lawsuit
(DBN)

Zell: Trib Co. Won't Be Out of Bankruptcy This Year
(DBN)

Zell Concedes Failure in Tribune Deal
(DBN)

Sam's sad sob story
(DBN)

______________

Jewelry:

Pace of Failure Increases at Jewelry Firms
(WSJ: separate paid subscription required)

______________

Hotels:

Blackstone in negotiations to restructure $20bn debt at Hilton
(DBN)

______________

Municipalities:

Pension fund drove Prichard to bankruptcy
(DBN)

Bankrupt Prichard owes 20 largest creditors nearly $700000
(DBN)

______________

Horse Racing:

Chickasaw Nation subsidiary prevails again in reopened Lone Star Park auction
(DBN)

______________

Hockey:

Argonauts' owners going solo in bid for Coyotes
(DBN)

______________

Tax:

UBS Client Rubinstein Gets 12 Months House Arrest
(DBN)

______________

Oil/Gas:

Shell Doesn't Expect 'Quick' Recovery in Demand as Net Falls
(DBN)

Conoco's Profits Fall by 71%
(DBN)

______________

Personal Finance:

Bankruptcy filing soils job résumé , hope of better life
(DBN)

______________

Apparel:

Ecko slam-dunked
(DBN)

______________

Television:

DBSD wins bankruptcy OK.
(DBN)

______________

M&A:

Confidence in M&A market improving, Dykema survey finds
(DBN)

______________

UK:

Northern Rock to Limit Lending as EU Approves Bailout
(DBN)

Freshfields and Slaughters take lead on plan to split up Northern Rock
(DBN)

Structured product failures blamed on advisers: Eversheds
(DBN)

______________

Middle East:

Saudi Arabia vows to overhaul courts, laws
(DBN)

_____________

Iceland:

IMF releases 167.5 million dollars in loan to Iceland
(DBN)

______________

Germany:

MAN Q3 net income falls 98 pct to euro6 million
(DBN)

German Ship Owners Face Market Collapse
(DBN)

______________

 

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