December 22, 2010

The Daily Bankruptcy News

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Law:

Top Partners to Work for - Chicago
(DBN)

Bankruptcy Report: Two Years of Rain
(DBN)

Latham, Kramer Levin Representing Ernst & Young in Suit Over Lehman Failure
(DBN)

Bankruptcy Professionals Take Notice, Part II: Another Court Sinks Another Set of Professionals
(DBN)

Bonus Watch: Linklaters Matches Cravath (But at least it has the gross-up)
(DBN)

Bonus Watch: Simpson Thacher Matches Cravath
(DBN)

Bonus Watch: That’s All Folks, Sullivan & Cromwell (Basically) Matches Cravath
(DBN)

Quinn Emanuel Announces Associate Bonuses of Up to $82K
(DBN)

Jones Day--No Bonus, But 36 New Partners
(DBN)

Law Firm Trajectory Has Nine Stages, Followed by a Re-examination of Life Stages
(DBN)

'That's me in 15-20 years'
(DBN)

Top firms reject candidates with 'working class accents'
(DBN)

President Obama Signs Legislation Limiting FTC's 'Red Flag' Rules
(DBN)

Major London-Based Law Firms Look to Australia for New Global Base
(DBN)

Cuomo to E&Y: Let Me Introduce You to My Good Friend, Martin
(DBN)

Building and Protecting a Reputation
(DBN)

Former Banking Bigwig Returns to BigLaw Roots
(DBN)

Law and the Multiverse Blog Mixes Lawyers and Superheroes
(DBN)

Wyclef Jean Stages Concert in DLA Piper’s Multi-Purpose Room
(DBN)

Texas Lawyers Get Cubicle Christmas Thumbs-Up for ‘Calf Pen’ Holiday Hodgepodge
(DBN)

Lawyer Represents Convicted Boyfriend, Gets Into Battle of Wills With Probation Dept., is Suspended
(DBN)

Despite Ailing Wife, Judge Denies Former Gov’s Request for Early Release
(DBN)

What Did (or Will) Your Firm Do for Fun This Holiday Season?
(DBN)

Firm's Holiday Cheer Backfires
(DBN)

US law firms buying Cuban cigars
(DBN)

Law Firm Group Decides to Have a Ball, Lose It All in Flash Mob Dance (Video)
(DBN)

How to Be Productive During the Holiday Season
(DBN)

"Translating Your Annual Review: What Partners Really Mean"
(DBN)

Laid Off, Not Working: Is there any way back?
(DBN)

Poker Lessons
(DBN)

Who Says Lawyers Can't Dance?
(DBN)

Former BigLaw Partner Opens Flat Fee-Only Boutique
(DBN)

IOLTA Accounts May Lose FDIC Protection
(DBN)

Sad Ending to Story About Lawyer’s Missing Husband Leaves Questions Unanswered
(DBN)

2011 Princeton Review Top 50 Law Schools
(DBN)

Linklaters Is Most Diverse Law Firm
(DBN)

New Apps for Lawyers: PDF Annotation App Shootout
(DBN)

The Twelve Books of Christmas (2010)
(DBN)

What to give the lawyer who has everything?
(DBN)

Lawyers Show Their Sentimental Side With Holiday Traditions
(DBN)

Law Students After Hours
(DBN)

Lawyers for WikiLeaks Founder Outraged as Documents Leak About His Own Accusers
(DBN)

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Judges:

Heads Up, Supreme Court! Specter Minces No Words on His Way Out
(DBN)

Right-Wing Blogger Who Threatened Illinois Judges, Sentenced To 33 Months
(DBN)

Entire Supreme Court Recuses Itself on Building Sale
(DBN)

Senate Confirming Most Obama Judges
(DBN)

Judges Presiding Over Health Care Lawsuits Have Stakes in Industry
(DBN)

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Wall Street:

Wall Street futures point to slightly lower open
(DBN)

US Stocks Erasing Loss Since Lehman Failure Fuels 2011 Bulls
(DBN)

Financial Shares Push Wall Street Higher
(DBN)

The Truth About Wall Street Bonuses in 2010
(DBN)

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Layoffs:

Unemployed get another jobless benefit -- free yoga
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Insurance:

Ambac seeks to settle with Wisconsin, creditors, lawyer says
(DBN)

Ambac in Settlement Talks Over Allocating $7.3 Billion Net Operating Loss
(DBN)

AIG confirms $150mn D&O Settlement
(DBN)

US Plans Two Large AIG Stock Sales
(DBN)

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Celebs:

Lenny Dykstra speaks
(DBN)

Lindsey Lohan accused of battery at rehab center
(DBN)

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Lehman:

Prosecuting Lehman Bad Actors: Does Suing Ernst & Young Help?
(DBN)

Lehman Bankruptcy Tab: $1.07 Billion and Counting
(DBN)

Lehman Europe Loses London Swap Ruling, Can't Demand Payments
(DBN)

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Jewelry:

Shane Co. jewelers emerges from bankruptcy
(DBN)

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Exemptions:

Increase urged in protected amounts in NY bankruptcy filings
(DBN)

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Education:

Washington Post's Kaplan Higher Education Sued for Racial Discrimination
(DBN)

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Telecoms:

TerreStar, Creditors Fight Over $100 Million Rights Plan
(DBN)

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Health Care:

Medical Bills and Bankruptcy
(DBN)

The Runaway Doctor
(DBN)

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Credit Cards:

Will the Fed's Debit Fee Rule Help Merchants?
(DBN)

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Economy:

Economy grows but hiring lags
(DBN)

Fed extends central bank swap lines
(DBN)

Government liabilities rose $2 trillion for year
(DBN)

1 in 7 Americans Now on Food Stamps
(DBN)

US heads for budget showdown; Republicans to seek $100B cuts as they call March deadline
(DBN)

Johnny Depp and the New Tax Law
(DBN)

Why The United States Of America Is Broke
(DBN)

And The Best Performing Sector Since Lehman Is...
(DBN)

Word of the year? Austerity
(DBN)

Economic Stress Map
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Bailout Recipients
(DBN)

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Real Estate:

Disney’s Celebration: No Housing Party Here
(DBN)

Banks Said to Illegally Break Into Homes
(DBN)

Six banks up against wall in NJ
(DBN)

TIC: Grubb Ruling Offers Peek Into Boom-Era Fallout
(DBN)

Roubini, others call for US mortgage standards
(DBN)

Some Homeowners to Lose Tax Break
(DBN)

Las Vegas home sales down 22.9% in November
(DBN)

Florida bank failures account for 10% of FDIC losses in 2010: Condo Vultures
(DBN)

States accuse Bank of America of ‘widespread fraud’ on homeowners
(DBN)

California Coastal Communities plans to exit bankruptcy protection
(DBN)

Court OKs Orleans Homebuilders bankruptcy exit(2)
(DBN)

Statler Towers gets yet another extension
(DBN)

Fannie Mae, Freddie Mac foreclosures double modifications in 3Q
(DBN)

Fannie Mae sees brighter 2011, raises GDP growth estimate to 3.4%
(DBN)

Open letter to regulators: Develop national mortgage servicing standards
(DBN)

A Key Measure Of Commercial Real Estate Health Is Starting To Break Out
(DBN)

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Finance:

Solvent Debtors Beware – Noteholders May Be Entitled to an Unsecured Claim for Expectation Damages Resulting From a No-Call Provision in Indenture
(DBN)

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Autos:

Cerberus Said to Recoup 90% of Chrysler Investment After Sale
(DBN)

Chrysler Financial Value Jumped 33% After Treasury's Exit
(DBN)

TD, Chrysler Deal Had Big Benefits: Analyst
(DBN)

TD-Chrysler deal could test Ally
(DBN)

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Fraud:

NY Attorney General Cuomo sues Ernst & Young, alleging Lehman accounting fraud
(DBN)

Ernst & Young: We Didn't Topple Lehman Brothers
(DBN)

Ernst & Young charged, other suits coming?
(DBN)

Cuomo’s coruscating complaint
(DBN)

Factbox: NY case alleges Ernst & Young fraud as Lehman auditor
(DBN)

Judge Revokes Ex-Madoff Aide's Bail, Orders Surrender
(DBN)

Bernie Madoff's Secretary Didn't Want to Spend Kwanza in Jail
(DBN)

Hedge funds go to war over Rothstein case
(DBN)

Prosecutors Seek Second Competency Exam for Allen Stanford
(DBN)

Stanford's receiver sues former employees to collect $10M
(DBN)

WikiLeaks: Diplomats warned about Stanford
(DBN)

NJ firm scammed dozens of investors in $40M Ponzi
(DBN)

Man Gets Prison For NFL Ponzi
(DBN)

Alleged $200M Ponzi schemer gets new lawyer, previous attorney says he wasn't paid
(DBN)

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Tax:

Deutsche Bank Settles Tax Shelter Case
(DBN)

Deutsche Bank Coughs Up Cool $553 Million in Tax-Shelter Deal
(DBN)

Others May Follow Deutsche U.S. Tax Fraud Deal
(DBN)

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Municipalities:

16 US Cities Facing Bankruptcy If They Don't Make Deep Cuts In 2011
(DBN)

The Looming State Budget Crisis
(DBN)

City threat to shut street lights in budget crunch
(DBN)

Can Chicago and Illinois declare bankruptcy?
(DBN)

‘Red flags’ in US muni projects
(DBN)

One Big Fact Meredith Whitney Is Ignoring In Her Muni Doom Prediction
(DBN)

CBO Report on Local Governments
(DBN)

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Bankruptcy Poetry:

Year-End
(DBN)

M&A
(DBN)

Lehman Bankruptcy
(DBN)

‘Tis the Season
(DBN)

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Retailing:

Golden Gate's Orchard Brands Said to Weigh Bankruptcy
(DBN)

VF Corp. acquires Rock and Republic brand name
(DBN)

A Tough Sell at Sears
(DBN)

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Radio:

New Jersey's Atlantic Broadcasting files for bankruptcy
(DBN)

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Oil/Gas:

Oil Surges to Two-Year High on Retail Sales, S&P 500 Recovery
(DBN)

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Credit Reporting:

Suit Claims Use of Credit History in Hiring Hurt Black Applicants
(DBN)

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M&A:

M&A bankers can expect a busy year - like 2005
(DBN)

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Finance:

Structured finance downgrades, defaults slow as 2010 ends: S&P
(DBN)

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Private Equity:

Cerberus-Chrysler: Did TD Bank Just Rescue Private Equity?
(DBN)

Private Equity Looks Abroad, But May Be Blind to the Risks
(DBN)

The Top Ten Private Equity Deals of 2010
(DBN)

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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 Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

Bankruptcy Jobs:

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

Seminars - (Contact us to list your seminar)

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Miscellaneous:

The Bankruptcy Files: $45 Million More in Holiday Lehman Fees
(DBN)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Corporate Reform:

Elizabeth Warren: Held to Account
(DBN)

One More "New" Sheriff In Town
(DBN)

Advocates Urge NY Gov: Sign Consumer Protections Bill
(DBN)

Hurd in the Crosshairs: SEC Probe Seen as Limited
(DBN)

Hurd Wants Accuser's Letter Shielded
(DBN)

The SEC Is Conducting A Wide Investigation Of Possible Chinese Stock Fraud
(DBN)

Cuomo Leaves Plate of Unfinished Business for Next NY Attorney General
(DBN)

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Plan Confirmation:

Second Circuit affirms designation of secured lender’s vote and effective cram down of its claim
(DBN)

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Litigation:

Changes to Rule 26 make it easier to work with experts
(DBN)

How to Keep the Cloud From Bursting in Litigation
(DBN)

Unexpected eDiscovery: Boldly Exploring the Outermost Frontiers of ESI
(DBN)

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Accounting:

Cuomo Sues Ernest & Young Over Lehman
(DBN)

Why Cuomo Is Suing Ernst & Young
(DBN)

How to Make Auditors More Accountable
(DBN)

Ernst & Young: Highlights from the Lehman Investigation
(DBN)

Ernst & Young already took reputational hit
(DBN)

Ernst & Young Wasn't About to Let Some Civil Fraud Charges Put a Damper on Their Holiday Season
(DBN)

Is This a Picture From Last Night’s Ernst & Young Holiday Party?
(DBN)

Fraud Experts: Calls for Criminal Charges Against Ernst & Young Are “Absurd”
(DBN)

Cuomo Sues E&Y: Auditing Profession At Risk
(DBN)

Ernst & Young Partner May Have Known This Lehman Brothers Bankruptcy Situation Was Going to Get Worse
(DBN)

Accounting Firm for Crookedest Lawyer Ever Going Out of Business
(DBN)

Here’s a Visual: A 64 Year-old Accountant in Bed . . .
(DBN)

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Banking:

Bank Of America Registers BrianMoynihanBlows.com And BrianMoynihanSucks.com
(DBN)

Confirmed: Bank Of America Is The Wikileaks Target
(DBN)

FDIC closes three sales of failed bank holdings for less than one-third of value
(DBN)

Banks Best Basel as Regulators Dilute or Delay Capital Rules
(DBN)

Credit unions pay for risky behavior by a few
(DBN)

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Compensation:

World Bankers Brace for 7 Percent Drop in Bonuses
(DBN)

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Environmental:

Groupo Mexico seeks to claw back fines it paid
(DBN)

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Apparel:

Peeling off denim
(DBN)

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IP:

Patents on the Auction Block
(DBN)

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Agriculture:

ND farmer asks for more time on reorganization plan
(DBN)

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Debt Collection:

Robo-Signer II: Former Exec Accuses JPMorgan of Illegal Credit-Card Debt Collections
(DBN)

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Credit Counseling:

Koster gets refunds for debt settlement customers
(DBN)

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Viaticals:

Incentives Matter
(DBN)

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UK:

Building blocks - insolvency special edition 2010
(DBN)

Winding Up Petitions - 21 December 2010
(DBN)

Retail sector sustains downward trend in business failures for October/November 2010
(DBN)

Big Four warned Darling of banking collapse risk
(DBN)

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EU:

Moody's Sees No Europe Defaults, Portugal at Investment Grade
(DBN)

Fed extends program to ease Europe debt crisis
(DBN)

ECB Will Lend European Banks $197 Billion to Meet Liquidity Over Year-End
(DBN)

Citi Warns of New Bank Failures in Europe
(DBN)

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PIGS:

Portugal's Downgrade May Make Default Inevitable
(DBN)

China Ready to Buy $6.6 Billion Of Portugal Debt
(DBN)

High Court overturns transfer of Drumm house into wife's name
(DBN)

Irish Banks to Get Aid, as Burden-Sharing Spreads
(DBN)

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China:

Frustration Builds on China's High Food Prices
(DBN)

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Australia:

Insolvencies rife in construction, retail and services sectors
(DBN)

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Copyright 2010