September 1, 2009

The Daily Bankruptcy News

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Law:

Summer Slots Dry Up, but Firms Unsure How Deep Cuts Will Go
(DBN)

How Lawyers Can Tap the Hidden Job Market
(DBN)

Small Law Firms: Is the Grass Really Greener?
(DBN)

The Case for Lower Associate Salaries
(DBN)

Lessons from a Meltdown
(DBN)

Loans and Moans
(DBN)

The Hours Follow-Up: If you're looking at less than 1600 in 2009, you're not alone.
(DBN)

Lawyers in Lyondell case show chemical dependency
(DBN)

Where's My Signing Bonus???
(DBN)

Nationwide No Offer Watch: Look to the Left, Look to the Right, One of You Will Not Be Working At Cadwalader
(DBN)

Journey With Us Now to Those Thrilling Days of Yesteryear: P.S., We're Cutting Your Pay
(DBN)

The open-book approach to reaching a flat-fee agreement with a firm
(DBN)

'That's Hot!' Paris Hilton Wins 'Hallmark' Decision at Ninth Circuit
(DBN)

Sherman & Howard gains 3 bankruptcy attorneys in Phoenix
(DBN)

Chadbourne & Parke Expands Bankruptcy and Financial Restructuring
(DBN)

Cohen Firm Adds New Bankruptcy Head
(DBN)

Macfarlanes adds to restructuring
(DBN)

Fla. Bar Board to Surf Social Websites for Adverse Applicant Info
(DBN)

Reform group takes aim at Calif. trial lawyers
(DBN)

New Managing Partner At Morris Manning
(DBN)

Fish & Richardson to Close 28-Attorney Office in Austin, Texas
(DBN)

The Fish Ain’t Sizzling in Texas; IP Firm To Close Austin Office
(DBN)

New TX solicitation Law Called Unconstitutional
(DBN)

Toyota may face demands to reopen settled crash cases in light of accusations by a former company lawyer
(DBN)

Opinion Letters Become Flash Point for Privilege Dispute
(DBN)

Law Firm Leaders Should Meet Budgets or Take a Pay Cut
(DBN)

Doing What Felt Right Put Lawyer, 33, at Helm of Own Practice
(DBN)

Kasowitz Loses Summary Judgment Motion Against Banks in $3 Billion Las Vegas Resort Case
(DBN)

Court Reporter Not Entitled to Fee for Copied Transcript
(DBN)

Gonzo for Gonzo! The Former AG Talks. . . and Talks . . . and Talks
(DBN)

State AGs Report Hearing More Credit Complaints
(DBN)

In $2.9 Million 'Blast Fax' Settlement, Plaintiffs Get Coupons and Lawyers Get Cash
(DBN)

Lawsuit of the Day: Don't Like Your Grade? Sue Your School.
(DBN)

Kilpatrick's attorney says he put client first
(DBN)

Legal Tab So Far in University of Illinois Admissions Scandal: $439,800
(DBN)

Dick Cheney and the Rule of Law
(DBN)

Justice Dept. Again Fielding Charges of Politics
(DBN)

Justice Dept. to Recharge Enforcement of Civil Rights
(DBN)

Mom Loses Case Over Unauthorized 10 a.m. Breast-Pumping Bathroom Break
(DBN)

Virginia May Be For Lovers, But Constance Bay Is For ...
(DBN)

Say What?!
(DBN)

______________

Judges:

Judge's Influences Include Obscure Bruce Willis Movies
(DBN)

Chevron Accuses Judge of Taking Bribes in Tort Case
(DBN)

______________

Wall Street:

US Stock-Index Futures Drop
(DBN)

Markets Close Lower After Sell-Off in China
(DBN)

Shanghai Index May Drop 25% as China Stocks in Bubble
(DBN)

Bonds bounce on stock selloff
(DBN)

Brokerages' Signing Bonuses May Fuel Abuses, SEC Chairman Warns
(DBN)

Study Asserts World's Stocks Controlled by "Select Few"
(DBN)

AFL-CIO, Dems push new Wall Street tax
(DBN)

Wall Street Stealth Lobby Defends Derivatives Haul
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Finance Layoffs: BofA, Citizens and more
(DBN)

Is Unemployment the Worst Since the Great Depression?
(DBN)

Employment for Young Hits Record Low
(DBN)

Laid Off and Learning . . . to be a DJ
(DBN)

Boomers Take a Step Back Down the Career Ladder
(DBN)

Lessons of Extreme Job Hunting
(DBN)

______________

Credit Cards:

Citigroup sells three credit card portfolios
(DBN)

Least Informative Announcement
(DBN)

Older People Using More Plastic
(DBN)

______________

Sales:

Section 363: a useful tool for asset sales in bankruptcy
(DBN)

Article on Chrysler and GM 363 Sales
(DBN)

______________

Banking:

Better and worse ways to fail
(DBN)

Big banks are even bigger than before
(DBN)

Bank Losses - CRE Sword Of Damocles
(DBN)

How a Bank's Directors Failed its Shareholders
(DBN)

What Big Banks Can Learn From A Sub-Sub-Prime Lender - 100% Payback Rate
(DBN)

Home Loan Executives bank is teetering
(DBN)

Bank of America Aims to Repay Some US Aid
(DBN)

US turns profit on bank bailouts
(DBN)

Dresdner Bankers Jump The Gun
(DBN)

Merkel, Sarkozy Take Aim At Bank 'Excesses'
(DBN)

______________

Bad Faith:

Implications of The Recent "Bad Faith Filing" Decision In General Growth Properties' Bankruptcy Proceeding
(DBN)

______________

Hedge Funds:

Amaranth Cleared in SEC Probe
(DBN)

______________

Retailing:

Barneys eyes restructuring or bankruptcy : report
(DBN)

Cleaned Sheets
(DBN)

Still No One Shopping
(DBN)

OfficeMax could use help of 'easy button'
(DBN)

Saratoga Shoe Depot files for bankruptcy
(DBN)

______________

Automatic Stay:

The 5th Circuit Helps Answer The Question Of Who Owns An Automatic Stay Violation Claim
(DBN)

______________

Distressed Investing:

Cerberus to Raise New Funds After Investors Pull $4.77 Billion
(DBN)

Baby Steps - Angelo Gordon Distressed Fund
(DBN)

______________

Accounting:

FASB Proposes Broader Fair-Value Reports
(DBN)

E-mail blunders you know you'll regret
(DBN)

Handicapping Firm Failure
(DBN)

Guess the Tab: E&Y Edition
(DBN)

Cash and Cash Equivalents, Insolvent State Version
(DBN)

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Economy:

Business Activity Rises More Than Expected
(DBN)

US Income Slump Biggest on Record
(DBN)

Factory And Lending Data Cast Recovery Doubt
(DBN)

US turnaround experts see light in 2010
(DBN)

TARP could have cost taxpayers $700 billion. Now it looks like it might break even.
(DBN)

Wait: Are Taxpayers Really Seeing a Profit From the Bailout?
(DBN)

Some Profits From TARP, but Are They Enough?
(DBN)

Blaming Hoover (for Helping Workers)
(DBN)

Krugman: The burden of debt
(DBN)

Men's Underwear Sales Dip
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Commercial Real Estate Lurks as Next Potential Mortgage Crisis
(DBN)

Commercial Mortgage Defaults Jump for US Banks
(DBN)

The Paradox of Empty Storefronts
(DBN)

Foreclosure Or Receivership? Handling Distressed Properties
(DBN)

A House Used to Own Me
(DBN)

Nudist Property Market Survives U.S. Housing Disaster
(DBN)

Is Angelo Mozilo a villain or just vilified?
(DBN)

Ex-Countrywide Execs' Firm Modifies Bad Loans for Taxpayer Cash
(DBN)

Hedgies Still Paying Record Rents In Greenwich
(DBN)

Colorado condo owner files for bankruptcy
(DBN)

A first step for Fannie and Freddie
(DBN)

Appraisal rules cause depreciation, critics say
(DBN)

Developer-owned NY bank hit with cease and desist
(DBN)

Colonial, Taylor Bean Woes Impact ABCP, RMBS Deals
(DBN)

FDIC Says TB&W Is Holding Homeowners 'Hostage'
(WSJ: separate paid subscription required)

Taylor Bean & Whitaker Mortgage Mess
(DBN)

Mortgage, escrow checks are frozen in legal standoff
(DBN)

_____________

Mining:

Bankruptcy judge backs Grupo Mexico bid for Asarco
(DBN)

Grupo Mexico Wins Judge's Support to Retake Asarco
(DBN)

Asarco is awarded to Grupo, ex-owner
(DBN)

Miner Asarco awaits key bankruptcy recommendation
(DBN)

______________

Fraud:

Madoff Liquidator May 'Claw Back' Charities' Profits
(DBN)

Madoff's Long Island beach getaway put up for sale
(DBN)

Stanford: "... it does not appear there will be any Estate left..."
(DBN)

Allen Stanford to undergo heart tests:
(DBN)

Signs point to more charges in Stanford case
(DBN)

Rogue Trader Ordered to Stand Trial, Lawyer Says
(DBN)

SEC Sues Man for Defrauding Church Community in Ponzi Scheme
(DBN)

Hedge Fund Exec Charged With Petters Conspiracy
(DBN)

______________

Insurance:

AIG CEO Sees No Need To Work In The Office
(DBN)

AIG Claim of Breach by Starr Is Rejected by Judge
(DBN)

Life Insurance Sales Post Biggest Drop Since 1942
(DBN)

Waxman Demands Insurers Explain 'Purging' Clients
(DBN)

______________

Trucking:

YRC Names Chief Strategy Officer
(DBN)

YRC Worldwide secures key $950M credit amendment
(DBN)

______________

Finance:

General Growth Properties Rulings Raise Concerns with Bankruptcy-Remote Structures
(DBN)

GGP Ruling Exposes Weaknesses in Popular Bankruptcy Remote SPE Structures
(DBN)

Single Purpose Entity or All in the Corporate Family?
(DBN)

Next Step for Microfinance: Taking Deposits
(DBN)

______________

Personal Finance:

Man Immune to Recession
(DBN)

Loan Sharks Circle the Credit-Starved
(DBN)

______________

Oil/Gas:

Semco: Court allows legal costs
(DBN)

SemGroup mediation requested
(DBN)

After 150 years, age of oil entering an efficiency phase
(DBN)

Baseline Oil & Gas files for bankruptcy protection
(DBN)

______________

Newspapers:

Zell's Role 'Unclear' After Bankruptcy
(DBN)

You’re Gone. But Hey, You Can Reapply.
(DBN)

Tribune Judge Approves Sale Process for Cubs
(DBN)

Philly Newspapers Ad Sparks Creditors’ Ire
(DBN)

Newspaper Cuts Clip Younger Workers
(DBN)

Ex-WSJ publisher among picks to lead Star Tribune
(DBN)

Pa. newspaper chain bids on NH paper
(DBN)

______________

Philanthropy:

Drops in corporate giving exceed forecasts
(DBN)

______________

Travel:

Travel site sued by several casinos files for bankruptcy
(DBN)

United's Credit-Card Fee Draws Travel Agents' Protest
(DBN)

______________

Chemicals:

Lyondell seeks injunction to protect Europe units
(DBN)

Lyondell lenders challenge Apollo/Access for fulcrum in backstop battle redux
(DBN)

______________

Tax:

UBS Tax Evasion Cases to Be Probed by IRS Corporate Auditors
(DBN)

IRS to Mine Mortgage-Payment Data
(DBN)

______________

Student Debt:

Should U.S. Adopt U.K. Student Loan Program?
(DBN)

______________

Aviation:

China's East Star bankrupt after court rejects investment plans
(DBN)

Slovak-based airline SkyEurope files for bankruptcy
(DBN)

______________

Shipping:

Shipping Rates Seen Falling 50%
(DBN)

______________

Finance:

CIT To Defer Interest Payment On Note Series; Shares Down
(DBN)

______________

Corporate Reform:

Broadcom Settles Stock Options Backdating Claims for $118 Million
(DBN)

______________

 

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)

This Week's Poll:

Rank and file employee claims for unpaid wages should receive a priority in assets above secured creditors

Click here to vote and click here to see results

Last Week's Poll Results (Are bankruptcy lawyers compensated at market rates?)

______________

Health Care:

Medical center in involuntary bankruptcy filing under siege by creditors
(DBN)

Until Medical Bills Do Us Part
(DBN)

CVS Clinics Match Care Offered at Physician's Offices in Study
(DBN)

Health-Care Anger Has Deeper Roots
(DBN)

______________

Autos:

Avoid GM stock, investors told
(DBN)

Rate of past due auto loans rises in 2nd quarter
(DBN)

Busted auto deals drive off Cerberus investors
(DBN)

Future claimants' interests in Chrysler bankruptcy
(DBN)

Dealers Still Waiting For 'Clunker' Cash...
(DBN)

Sayonara, California
(DBN)

HHI Holdings To Buy FormTech Assets
(DBN)

Auto Suppliers Reach for the Scalpel
(DBN)

Selling Opel key to rebuilding GM
(DBN)

Toyota accused of hiding test evidence
(DBN)

______________

Lehman:

PwC Basically Says That the Lehman Brothers Bankruptcy is a Trainwreck
(DBN)

Lehman shares jump in over-the-counter trading
(DBN)

______________

Bankruptcy Statistics:

HI bankruptcy filings trail in August
(DBN)

______________

Lexicon:

Pre-Fired
(DBN)

______________

Committees:

DE Organizational Meetings
(DBN)

______________

Magazines:

Women's Magazines Fare Poorly in Latest Circulation Figures
(DBN)

______________

M&A:

M&A's Late Summer Bump: Good Things to Come?
(DBN)

______________

Compensation:

Pension Advisers for G.M. Are Part of Pay Czar’s Review
(DBN)

AIG Chief Benmosche Says Cuomo 'Unbelievably Wrong'
(DBN)

______________

Pensions:

Worse than Madoff?
(DBN)

Just as We Learn to Love Saving, Government May Limit 401(k)Contributions
(DBN)

______________

Small Business:

Six businesses, one bad economy
(DBN)

______________

Corporate Governance:

"Better" Corporate Governance Made Banks Riskier
(DBN)

______________

Celebs:

Annie Leibovitz's exit strategy
(DBN)

Batman vs. the Taxman
(DBN)s

William Jefferson Files For Bankruptcy
(DBN)

Ex-congressman Jefferson runs out of cold, hard cash
(DBN)

Vick's bankruptcy stay nears its end
(DBN)

______________

Hockey:

Balsillie's tactics 'bizarre': Melnyk
(DBN)

Hockey's 'crooked timber' extends beyond the sticks
(DBN)

______________

Food/Drink:

Benihana Restaurants' Profit Falls 50 Pct in 1Q
(DBN)

______________

Tech:

Mac clone maker in legal tussle with Apple again
(DBN)

______________

Private Equity:

Freedom's failure marks setback for sponsors
(DBN)

A Motown headache for Cerberus
(DBN)

______________

Jewelry:

Tiffany Pursues Diamond Sales of Fallen Competitors
(DBN)

_____________

Gambling:

Station Casinos' creditors file new objection
(DBN)

______________

Municipalities:

Strapped cities lay off workers, cancel projects
(DBN)

______________

Fitness:

Crunch to Exit Bankruptcy After Sale to Angelo Gordon
(DBN)

______________

UK:

Worst of slump yet to come, says economist
(DBN)

Tight lending sparks fears for recovery
(DBN)

Brown pledges bonus clampdown
(DBN)

UK output hit forever, say experts
(DBN)

______________

EU:

European retailers fear working capital and supply chain risks
(DBN)

Euro jobless rate climbs to 9.5 pct
(DBN)

______________

Germany:

German move to stop banks becoming 'too big to fail'
(DBN)

______________

Canada:

Canada's Economy Cratered 3.4% in 2Q
(DBN)

______________

China:

Sina Profit Declines 41% as Internet-Ad Sales Drop
(DBN)

______________

Iceland:

Iceland To Save Itself By Parting With Half Of Yearly Economic Output
(DBN)

______________

Mexico:

Satmex Seeks Restructuring Accord by Year-End, Stein Says
(DBN)

Comercial Mexicana Bondholders Agree to Debt Exchange
(DBN)

______________

Italy:

Italy's Risanamento wins more time for revamp plan
(DBN)

______________

 

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