October 7, 2009

The Daily Bankruptcy News

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Law:

Delphi’s Miller: Bankruptcy Is A ‘Clumsy Tool’
(DBN)

Heller Shareholders Lay Out Bankruptcy Theories
(DBN)

The Mini-Bankruptcy Files: Dead Media Edition
(DBN)

First Task for Law-Firm Hires: Finding an Interim Job First
(DBN)

Making Sense of the Law-Firm Deferral Situation
(DBN)

On the Future of Associate Pay
(DBN)

Make Yourself Useful: A Chat about Job-Getting
(DBN)

Lawyer Running Stanford's Firms Asks for $9 Million More
(DBN)

Thomas Walper Rejoins Munger, Tolles & Olson Bankruptcy Group
(DBN)

Milberg Makes List of Hot Plaintiffs Firms
(DBN)

Layoff Watch: Paul Weiss Staff Attorneys
(DBN)

Last Month in Layoffs: September 2009
(DBN)

Is the Associate Apocalypse Upon Us?
(DBN)

Some BigLaw Leaders Still Ponder: How Low Can Associate Salaries Go?
(DBN)

Lawyer Says Lawyer Defamed Him in Press Release on Defamation Suit
(DBN)

More Black than White Associates Report Too Little Work, Anxiety and Job Search
(DBN)

Judge Dismisses Dueling Suits Involving Firm Partner Fired for Harassment
(DBN)

AG Eric Holder a Finalist in Mustached American of the Year Contest
(DBN)

Toyota Litigants Want to Know What the Heck Is in Those Four Boxes
(DBN)

Most Competitive Law Students at Baylor, Most Liberal at CUNY, Survey Finds
(DBN)

Bloomberg to Compete with Lexis and Westlaw
(DBN)

Meet Orly Taitz: Lawyer, Dentist and Birther in ‘Alice in Wonderland’ Crusade
(DBN)

The Eyes of the Law: Professor Tom Cruise at Harvard Law School?
(DBN)

Recruiting Firm Hits Lewis Brisbois With $100 Million Lawsuit Over Placement Fee
(DBN)

5 Reasons for Lawyers to Use Social Media
(DBN)

Former Biopure VP Gets 3 Years for Faking Cancer to Escape Lawsuit
(DBN)

Say What?!
(DBN)

______________

Judges:

Soto Chatty on Court’s First Day; Is a Rivalry Building with Scalia?
(DBN)

______________

Wall Street:

US Stock-Index Futures Rise
(DBN)

Gold at new highs, world equities gain
(DBN)

Emerging-Market Stocks Reach 13-Month High, Commodities Rally
(DBN)

Goldman Hatred Is Out of Control
(DBN)

Vampire squid’s windfall not as sinister as it seems
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Support Builds for Tax Credit to Help Hiring
(DBN)

Jobless Rate Key to Democrats in 2010
(DBN)

British Airways to axe 1,700 cabin crew jobs and freeze pay
(DBN)

Many at end of jobless benefits
(DBN)

Take this jobless recovery and shove it!
(DBN)

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Celebs:

Michael Vick to star in his own TV series
(DBN)

Judge OKs involuntary Ch. 7 for Ellen Tracy
(DBN)

Broke Taylor forced to auction items
(DBN)

______________

Autos:

GM hits a big speed bump
(DBN)

Warren mayor predicts GM will move most employees out of Detroit
(DBN)

Bing to meet with GM on the future of the RenCen
(DBN)

GM rules against moving facilities
(DBN)

Thousands Line Up For Stimulus Money in Detroit
(DBN)

Delphi, Ex-GM Parts Unit, Exits 4-Year Bankruptcy Through Sale
(DBN)

PwC sees risks to Magna's Opel takeover
(DBN)

So far, Fiat leaders fail to impress at Chrysler
(DBN)

Chrysler 'May Not Make It Another Year'
(DBN)

Action Motors files Chapter 11 protection
(DBN)

Hecker a scofflaw? Yes, says trustee
(DBN)

Lear Corp Plans Roughly $300M Chapter 11 Exit Loan - Sources
(WSJ: separate paid subscription required)

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Media:

Canadian Media Conglomerate Files Bankruptcy
(DBN)

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Newspapers:

The Sun-Times' Last, Best, Horrible Hope
(DBN)

Sun-Times Union and Thane Ritchie Claim Foul on Bid to Buy Paper
(DBN)

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Resorts:

Colony files for Chapter 11 bankruptcy
(DBN)

______________

Defaults:

One in seven midcap companies may be a credit risk.
(DBN)

______________

 

 

Economy:

Who Was Paulson Talking About?
(DBN)

A Threat to Global Recovery: Too Many Factories
(DBN)

What if Only the Rich Recover?
(DBN)

Shouts of 'Stop printing money' greet Dem congressman at townhall
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Faced With Foreclosure, Homeowners Can’t Get Lawyers to Help
(DBN)

CA State Bar Files Petitions on Alleged Modification Fraud
(DBN)

Fla. Appeals Court Takes Judge to Task for 'Benevolence' in Foreclosure Case
(DBN)

Manhattan Office Vacancies Reach Five-Year High
(DBN)

Bargain-Basement Skyscrapers
(DBN)

1 in 17 Tampa commercial properties in distress
(DBN)

American Home Court Denies Bank's Deficiency Claim by Accepting Discounted Cash Flow Valuation of Mortgage Loan Portfolio Subject to Repurchase Agreement
(DBN)

Is the Impact of the First-Time Home Buyer Tax Credit Overstated?
(DBN)

Raleigh developer goes bankrupt
(DBN)

_____________

Bankruptcy Prediction:

Hertz claim for defamation
(DBN)

______________

Aviation:

Airlines Slash Jobs, Weigh Charges
(DBN)

Republic Airways says September traffic up
(DBN)

Airport Settles $75 Million Debt
(DBN)

Bankrupt Sterling Airlines still taking to the skies
(DBN)

British Airways says it is shedding 1,000 jobs
(DBN)

Airline asks passengers to use the toilet before boarding
(DBN)

______________

Lehman:

The Lehman Myth in the Financial Crisis
(DBN)

Was it just by chance? Could this be Kismet?
(DBN)

______________

Gambling:

Penn National Gaming makes bid for bankrupt Fontainebleau
(DBN)

Judge's stay puts Station Casinos workers' lawsuit over back wages on hold
(DBN)

______________

Banking:

Imposing a haircut on secured bank creditors
(DBN)

Why Sheila Bair’s Remarks about Repos are Really, Really Important
(DBN)

"Ken Lewis Doesn't Like Lawyers"
(DBN)

BofA narrows internal CEO candidates down to two
(DBN)

FDIC's total hit from busted banks could reach $500 billion
(DBN)

F.D.I.C. Arranges Sale of Troubled Regional Bank Assets
(DBN)

Private bankers chanting new mantra
(DBN)

______________

Trucking:

Velocity to pay fired drivers
(DBN)

______________

Municipalities:

Analyst says gaming won't save Vegas
(DBN)

Illinois Unpaid Bills Hits Record High; Tax Revenue Plummets
(DBN)

______________

Furniture:

The Real Burning Bed in the Simmons Mattress Story
(DBN)

______________

Corporate Reform:

Will the Supreme Court Knock SOX’s Socks Off?
(DBN)

Wall Street Regulation Won't Be Completed This Year, Bair Says
(DBN)

______________

Pensions:

Ex-Political Boss Pleads Guilty in Pension Case
(DBN)

______________

Movies:

Hollywood braced for budget cuts; Studios set to tighten belts in after big budget flops
(DBN)

______________

Credit Cards:

Credit Cards Still Pay, Despite Defaults
(DBN)

The Card Game: Prepaid, but Not Prepared for Debit Card Fees
(DBN)

______________

Oil/Gas:

SemGroup's chosen CFO resigns
(DBN)

______________

Accounting:

PwC global books $26.2bn revenues
(DBN)

KPMG forced to pay in discrimination case
(DBN)

No Accounting for Accountants
(DBN)

______________

Finance:

Debt-Market Paralysis Deepens Credit Drought
(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)

______________

Plans:

'Journal Register' Case Reaffirms The Vitality of 'Gift' Plans
(DBN)

______________

Bankruptcy Humor:

Bankruptcy Bill
(DBN)

______________

Bankruptcy Statistics:

Filings in September 2009 Remain Steady
(DBN)

Bankruptcy Filings Maintain a Steady State
(DBN)

______________

Health Care:

Reedley hospital to file for bankruptcy
(DBN)

Natchez Regional bankruptcy over soon
(DBN)

Extra Health-Care Facility Fees Take Many Patients by Surprise
(DBN)

Nursing homes struggling, many already in bankruptcy
(DBN)

______________

Private Equity:

Was Simmons really over flipped?
(DBN)

Bankers' revenge
(DBN)

______________

M&A:

Tanking banks and M&A
(DBN)

______________

Compensation:

Pay Czar May Curb Wall Street Salaries by 50 Percent
(DBN)

Lyondell Says It Doesn't Owe Pay That Was Deferred
(DBN)

Some bankers still expect a bigger bonus
(DBN)

______________

Food/Drink:

Official Committee of Unsecured Creditors Supports Merisant Plan of Reorganization
(DBN)

______________

Corporate Governance:

Risk-taking by Boards and the Financial Crisis
(DBN)

The Content of Veil Piercing Complaints
(DBN)

______________

Consultants:

Sage buys bankruptcy services firm Donlin Recano
(DBN)

______________

Fraud:

Altogether now
(DBN)

Lawyer For Madoff Whistleblower Launches Own Firm
(DBN)

Obama names Madoff case judge to fill Sotomayor spot
(DBN)

LA Venture Capitalist, Philanthropist Under Scrutiny by SEC
(DBN)

ACORN Story Gets Curiouser and Curiouser
(DBN)

Hamas Finds Gaza Tunnels' $500 Million Loss Worse Than Madoff
(DBN)

______________

UK:

Council bankruptcy use criticized
(DBN)

______________

EU:

European Economy Contracts More Than Estimated
(DBN)

______________

Canada:

CanWest Global Files For Bankruptcy Protection
(DBN)

CanWest assets likely to be sold
(DBN)

"Business As Usual" for CanWest Employees
(DBN)

Canwest choked by convergence Kool-Aid
(DBN)

Canwest CEO Leonard Asper's memo to staff
(DBN)

Personal Insolvency Related Amendments to the BIA
(DBN)

Ottawa needn't control executive bank pay, says corporate lawyer Purdy Crawford
(DBN)

______________

Middle East:

UAE's insolvency laws delay business closure up to five years
(DBN)

______________

New Zealand:

Superyacht builder's creditors face two-month wait
(DBN)

______________

Czech Republic:

Number of bankruptcies surge 54% y/y in Jan-Sep.
(DBN)

______________

Latvia:

Latvia faces choice of bad and worse, premier says
(DBN)

______________

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