September 2, 2009

The Daily Bankruptcy News

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Law:

Nadel Receiver Sues Holland & Knight, Alleges Failure to Root Out Fraud
(DBN)

Drive-Through Bankruptcy
(DBN)

Things Are Very Bad for Summer Associates, How Bad Firm Leaders Aren't Sure
(DBN)

Some Thoughts on the Changing Legal Industry
(DBN)

Cold Hard Math: BigLaw Firm Offers Jobs to Only 30% of Summers
(DBN)

National Firm Plans to Close Office, Ax About 40 More Lawyers This Year
(DBN)

Big firms cut back on law school recruiting
(DBN)

27.5% of Morgan Lewis Summer Associates Get Offers—for 2011
(DBN)

Morgan Lewis: Shady used car dealer?
(DBN)

Nationwide No Offer Watch: Numbers from Kirkland and Orrick
(DBN)

More Good News: Mayer Brown Asks Deferred Associates To Start Early
(DBN)

Change of Address: Dreier Trades Manhattan Penthouse for Prison
(DBN)

Another Reason Not to Work Late
(DBN)

Work/life imbalance
(DBN)

Gloomy prospects fail to deter wannabe partners
(DBN)

Law Librarians Survey: No More Sacred Cows
(DBN)

Fees in Broadcom Litigation Exceed the $118 Million Settlement
(DBN)

Mayer Brown Hires Project Finance Lawyer Miller From Rival Simpson Thacher
(DBN)

Loeb & Loeb Adds Bankruptcy Partner
(DBN)

Bankruptcy and Legal Malpractice
(DBN)

SEC Regional Director Katherine 'Kit' Addleman Heads to Haynes and Boone
(DBN)

Venable Partner Resigns, Lost Monitor Job Due to Texts With Ex-Detroit Mayor
(DBN)

Ex-Toyota Lawyer Sues Automaker Over Handling of Evidence
(DBN)

Former Chevron GC Speaks Out on Torts Case, Recordings
(DBN)

Sullivan & Cromwell's Frank Aquila says due diligence is not always easy
(DBN)

9th Circuit Invites Additional Briefing on Former Broadcom Exec's Privilege Claim
(DBN)

N.Y. Trial Lawyers' Receptions May Have Violated Ethics Law
(DBN)

Alberto Gonzales supports Eric Holder's CIA torture probe
(DBN)

New OCI Reality: Law Students Less Cocky, 40 Fewer Firms Recruit at Illinois
(DBN)

Don't Major in Criminal Justice If You Want to Go to Law School
(DBN)

Call to Jury Duty Strikes New Fear: Financial Ruin
(DBN)

‘What Inspired Me To Go to Law School’: The Video Series
(DBN)

The Douchiest Law School: The Final Four
(DBN)

Immigration Lawyer Was in U.S. Illegally
(DBN)

Hearing Goes from Bad to Worse for Duct-Taped Defendant
(DBN)

Ninth Circuit Loses Softball Championship
(DBN)

Say What?!
(DBN)

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Judges:

Jurors Saw High-Fashion Low-Life, Judge Says 59-Years to Life Suits Him
(DBN)

Mass. Judiciary Drops Plan for Free Law Clerks Paid by Law Firms
(DBN)

Breyer Almost, but not quite, Bests Scalia for America's Top Justice Comic
(DBN)

Justice Stevens slows his hiring at high court
(DBN)

Judge pleads guilty to sexual abuse and harassment
(DBN)

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Wall Street:

US Stock-Index Futures Fluctuate
(DBN)

World Markets Track US Slide Amid Financial Fears
(DBN)

US Stocks Close Lower In Fincls Led, Broad Slide
(DBN)

Manufacturing Growth Can't Save US Stocks
(DBN)

AIG's Benmosche Says He Wants Wall Street IPO Underwriting Fees Cut by 50%
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

American Airlines to Cut 921 Flight Attendant Jobs
(DBN)

American Airlines warns of further job cuts
(DBN)

Farmer's Insurance Group plans 554 layoffs
(DBN)

Jobless rates up in 44 pct. of metro areas in July
(DBN)

Jobless rates up in fewer metro areas in July
(DBN)

Employees Are Ready to Push Beyond `Survival Mode`
(DBN)

Most U.S. workers say no to management jobs
(DBN)

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Newspapers:

Freedom Communications Enters Bankruptcy Protection
(DBN)

Major properties owned by Freedom Communications
(DBN)

Orange County Register's owner files for bankruptcy
(DBN)

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Banking:

Bank Debt Risk Rises Most in 15 Weeks on Capital Demand Concern
(DBN)

Is BofA ready to free itself from TARP?
(DBN)

Keep Bank of America on the hook
(DBN)

Wells Fargo Signals It Will Repay TARP Funds Soon
(DBN)

Wells Fargo CEO Stumpf Says Some Loan-Loss Rates Are Peaking
(DBN)

What Fall Brings for Wall Street's Banks
(DBN)

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Aviation:

Airlines group says global industry lost over $6 billion in first half, some signs of recovery
(DBN)

SkyEurope files for bankruptcy , halts flights
(DBN)

Thousands stranded as SkyEurope goes under
(DBN)

Resurrected Eclipse opens for business
(DBN)

Langa Air closes
(DBN)

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Hotels:

Maui Prince Hotel Faces Foreclosure
(DBN)

Court effort aims to keep Maui Prince open
(DBN)

Economy blamed for closure of former Pontchartain Hotel
(DBN)

Hotel sector feeling the pinch as economic slump hits
(DBN)

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Committees:

Upcoming DE Organizational Meetings
(DBN)

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Tech:

Sales of computer servers fall 30 percent
(DBN)

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Distressed Investing:

Zell Returns to Grave Dancing With $625 Million Distressed Securities Fund
(DBN)

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Economy:

Expanding Manufacturing Foreshadows Recession's End
(DBN)

Productivity, Factory Orders Seen on the Rise
(DBN)

US unemployment rate rises
(DBN)

How the Bailouts Could Have Gone Better
(DBN)

25 Winners Of The Financial Crisis
(DBN)

Who's rooting for the economy to fail again? These guys.
(DBN)

IMF Set to Raise 2010 Global Economic Growth Forecast to `Just Below' 3%
(DBN)

World Bank's Zoellick Says Chances of Global Recovery Increase
(DBN)

Ski-Jump Recession
(DBN)

Goldman Sachs Wrong in Calling Economic Recovery, Macro Hedge Funds Wager
(DBN)

The Fannie-Freddie rescue could turn a profit too
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

Recovery Index
(DBN)

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Real Estate:

Pending US home sales jump in July
(DBN)

The housing recovery mirage
(DBN)

For Commercial Real Estate, Hard Times Have Just Begun
(DBN)

Commercial mortgage defaults in Bay Area rising
(DBN)

Industry Seeks Fannie, Freddie Overhaul
(DBN)

Lenders pulled plug on Kearney Construction
(DBN)

Housing boom may just be more bad news for buyers
(DBN)

Former First Colony execs file Chapter 11
(DBN)

New York Seeks to Turn Stalled Projects Into Moderate-Income Housing
(DBN)

Apartment Complex Cause For CMBS Transaction Downgrades
(DBN)

Florida Pension Lost $250 Million on New York's Stuyvesant Town Apartments
(DBN)

Culling The Herd
(DBN)

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Autos:

Auto Industry Posts Best US Sales Of Year
(DBN)

Canadian auto sales slow 7.9% in August
(DBN)

Idle GM plants spark interest from automakers
(DBN)

Ford, Toyota, Honda US Sales Rise on 'Clunkers' as GM Falls
(DBN)

GM China says 2009 sales expected to rise 40 pct
(DBN)

'Clunkers' Consequences: GM Sales Down, Ford Gas-Guzzlers Up
(DBN)

Creditors' move boosts Hayes Lemmerz reorganization
(DBN)

GM to pay another $50 million for Delphi benefits
(DBN)

When will Delphi leave Chapter 11?
(DBN)

RHJ Sweetens Its Offer for Opel
(DBN)

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Compensation:

AIG CEO regrets sharp criticism of Cuomo
(DBN)

Citi Is Pissed Off About The Pay Czar's Comp Restrictions
(DBN)

European Finance Ministers Back Plans to Rein In `Bonus Culture' at Banks
(DBN)

S&P 500 firms prefer to fund CEO pay
(DBN)

Wall Street's Generous Banks
(DBN)

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Insurance:

Argus, Tremont settle Madoff insurance suits in NY
(DBN)

D&O Insurers Fund $118 Million Partial Settlement of Broadcom Options Backdating Derivative Suit
(DBN)

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Payment Processing:

Cynergy Data files for bankruptcy , to sell assets
(DBN)

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Fitness:

Bally Total Fitness Emerging From Bankruptcy Stronger, Leaner
(DBN)

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Tourism:

Lenders Pick Up Tourist Attractions at Auction
(DBN)

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Fraud:

Inside the Properties of Bernie Madoff
(DBN)

Cerberus ' troubles shed light on Madoff feeder funds
(DBN)

Madoff Trustee Said to Target Sons and Brother
(DBN)

Stanford back in jail with leg problem
(DBN)

In letter to judge, Nadel begs for house
(DBN)

Nadel receiver seeks to take over lawsuit, add Holland & Knight
(DBN)

Owners of offices sue Bravata Financial in alleged $50 million Ponzi scheme
(DBN)

Mormons Become Victims in $50 Million Scam to Sell Gold Bullion
(DBN)

Kerviel gains reprieve with trial delay
(DBN)

Detroit: Suspects deny Ponzi case
(DBN)

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Private Equity:

Cerberus aims to raise more funds
(DBN)

Cerberus Dismisses Talk of Fund Defaults
(DBN)

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Trucking:

Yellow submarine stay afloat with credit deal
(DBN)

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Tax:

Bankruptcy threat brings new concept to the Cayman Islands … taxes
(DBN)

Wegelin, Oldest Swiss Bank, Tells Customers to Sell U.S. Assets or Leave
(DBN)

Offshore Private Banking Model Is Dead, Experts Say
(DBN)

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Hockey:

Balsillie Tells NHL to Pick Its Battle
(DBN)

Scathing audit of golf empire accuses Canadian NHL owner of misusing funds
(DBN)

Judge set for critical puck decision in the desert
(DBN)

Speaking of an NHL team ...
(DBN)

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Education:

In a recession, is college worth it?
(DBN)

Liberal arts as a major not so popular in this downturn
(DBN)

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Credit Cards:

U.S. credit card satisfaction down amid higher rates
(DBN)

Charge-Off, Delinquency Rates Decline In July
(DBN)

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Accounting:

Companies may be burying billions more in environmental liabilities than their financial statements show
(DBN)

Deloitte, First To Report In 2008, But Apparent Delays in 2009
(DBN)

Deloitte Partner Fined $235k for 'Shoddy Accounting'
(DBN)

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New Bankruptcy Opinions
(2 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?)

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Mining:

Grupo Mexico Jumps Most in 10 Months on Asarco Ruling
(DBN)

The Bankruptcy Court Opinion
(DBN)

When Children and Parents Fight
(DBN)

Asarco saga could drag on
(DBN)

Asarco agony for Sterlite
(DBN)

US legal ruling lifts weight from Grupo Mexico
(DBN)

Vedanta's $2.1bn takeover plan of Asarco hit
(DBN)

Judge's pro-Grupo Mexico ruling reverberates
(DBN)

Asarco may be out of bankruptcy in 09-Grupo Mexico
(DBN)

There's huge money for attorneys in Asarco bankruptcy
(DBN)

SPMI Clarifies That Legal Controversy Over Sunshine Mine Continues
(DBN)

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Municipalities:

New York signs order to let OTB file for bankruptcy
(DBN)

Paterson Allows OTB To Go To Bankruptcy Court
(DBN)

Gov going for 'broke' to save OTB
(DBN)

First Step, Restructure City OTB; Next Step, A Complete OTB Overhaul?
(DBN)

City of Philadelphia takes out $275M loan
(DBN)

Florida's Economic Bust Propels Muni Bond Default Spike
(DBN)

Judge dissolves city's pact with IBEW
(DBN)

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Bankruptcy Statistics:

Business bankruptcies rise 18% in St. Louis
(DBN)

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Litigation:

The Bizarro World of Derivative Litigation: The Broadcom Settlement
(DBN)

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Gambling:

Station Casinos bankruptcy plan hearing delayed
(DBN)

Black Gaming Not Going Bankrupt...Yet
(DBN)

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Religion:

Hindu temple files for bankruptcy
(DBN)

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Jewelry:

To exit Chapter 11, Beaudry looks to high end
(DBN)

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Retailing:

Holt Renfrew said mulling bid for Barneys New York
(DBN)

Why Barneys is a stretch for Holts
(DBN)

Istithmar World working to rescue retailer Barneys
(DBN)

Barneys Under Pressure, The Al Roker Collection
(DBN)

Barneys to file for bankruptcy?
(DBN)

Better News, but Retail Prospects Are Still Dim
(DBN)

People of Walmart
(DBN)

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Finance:

CIT To Defer $22.9 Million Interest Payment On Notes
(DBN)

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Corporate Governance:

Rev Up Revlon! Lawsuit Filed Over Disney/Marvel Deal
(DBN)

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Corporate Reform:

The Koz (Remember Him?)Continues the Fight; Files for Habeas
(DBN)

U.S. market regulators in bid to end turf war
(DBN)

Sheila Bair goes on the attack again
(DBN)

Wells Fargo's Stumpf Calls Single Bank Regulator 'a Mistake'
(DBN)

SEC is digging in on derivatives investigations
(DBN)

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Ratings:

Fewer firms enter sick bay, and that's a good thing
(DBN)

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Health Care:

1 in 7 Californians Have Medical Debt, Study Finds
(DBN)

We asked the health insurance lobby about its top rep's coverage. They treated us like we had a preexisting condition.
(DBN)

The best and the worst that the American health care system has to offer
(DBN)

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Art:

Jobless artist's road trip chronicles recession
(DBN)

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Food/Drink:

A New York City landmark eatery falls victim to the recession
(DBN)

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Personal Finance:

Stop buying expensive cleaning produces. Most things can be cleaned with white vinegar, baking soda, coarse salt
(DBN)

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UK:

Corporate failures forecast to rise
(DBN)

U.K. Consumers Repaid Debt, Manufacturing Slows in Recovery `Setback'
(DBN)

UK M&A at 40-year low in the second quarter
(DBN)

Lloyds Wins Backing For Cash Call
(DBN)

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EU:

European Consumer Spending, Exports Help Ease Worst Recession in 60 Years
(DBN)

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Canada:

Banking watchdog has work cut out for him
(DBN)

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Japan:

Japan's New Ruling Party Focuses on Economic Woes
(DBN)

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Korea:

South Korean Exports Decline 20.6%, Tenth Drop, Amid Weak Global Recovery
(DBN)

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