August 1, 2007

Daily Bankruptcy News

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Law:

For New JDs, There Are Jobs A-Plenty, But Few Pay Big Bucks
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Winstead Says Yes to Bonuses, No to Raises
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X-Summers: O'Melveny & Mystery Man
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Is This Any Way to Recruit Associates?
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Clerkship Bonus Watch: Akin Gump and Willkie (and WilmerHale Pulls a Latham)
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Think Twice Before Asking For That Pay Raise
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5 leave Fulbright for Greenberg Traurig
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Billing Practices That Cement Relations with Law Firm Clients
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Lovells overhauls US management team
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Annual Survey Shows the New Reality of Associate Life
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Associates More Satisfied
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How Law Firms Can Train the Global Attorney
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Competitive Intelligence for Law Firms
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Murdoch Can Thank Lawyers for WSJ Deal
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Legal Fees In Murdoch's Dow Jones Deal Likely To Exceed $30 Million
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Court: Big Firm Goofed, No Arb Clause
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Is the Independence of Going Solo Worth It?
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Insider Trading: Why More Attorneys Are Being Charged and What Companies Should Do to Prevent It
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Billables - 15 hours for the flight?
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King & Spalding Managing Partner Joins WilmerHale
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Say What?!
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Strategic Planning's Encounter with Reality
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UW Law School Tuition Hikes? Blame Lasee's Lousy Love Life
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Aviation:

NWA Reports a Profit After Bankruptcy
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Midwest Airlines Could Be Sold
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Alitalia Chairman Resigns On Eve Of Board Meeting
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Northwest Juggles Upset Passengers, Tired Pilots
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AA pilots suspend talks with airline, contemplate new proposal
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Hedge Funds:

Hedge Funds Hit the Wall
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Harvard, Aetos may take hit from Sowood losses
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Fear and greed on Wall Street: Fear has the advantage, thanks to hedge fund Sowood
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Another Bear Hedge Fund Reportedly on Ropes
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Telecoms:

Bankrupt Amp'd Sells Subscribers to Maine Telco
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Telus hangs up on upstart Amp'd Mobile
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Corporate Reform:

Allou's former CEO gets 15 years
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Skiing:

As the Alps warm up, resorts feel the chill
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Manufacturing:

Foss creditors clear key legal hurdle
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Liquor License Constitutes 'Property of the Estate,' Right of Use Foreclosed By Lease Rejection
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Autos:

Profits Won't Keep Detroit Big 3 From Seeking UAW Cuts
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GM and Ford expected to report sales slump
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An Inconvenient Truth
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Tower leaves Chapter 11 bankruptcy, company says
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Refco:

Weil Gotshal Lawyers To Become Witnesses in Refco Suit?
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Real Estate:

American Home Can't Fund Mortgages, Shares Plummet
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American Home Rocked To Its Foundation
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Bankruptcy threat looms for American Home Mortgage
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Indymac hit by sub-prime turbulence
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Wall Street's Subprime Woes Plague Asian Markets
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Subprime Test Awaits Insurance Industry
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Another wave of bad news pounds the US mortgage market
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Federal Judge Rejects Homeowners' Lawsuit Against Major Mortgage Registry
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MGIC and Radian face subprime blow
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Kara creditors to vote on revival plan
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S&P upgrades Morgan Stanley, says the bank can handle subprime exposure
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Repair Costs Included in 'Damages' for Lease Termination
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Inland Empire leading the way in foreclosures
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Wells Fargo sued for racial bias in mortgage loans
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Synthetic CDOs fall from grace
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Macquarie Says Fortress Funds Value May Fall 25%
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Economy:

US Consumer Confidence Climbs to Six-Year High
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As wages slip, poverty rates rise
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Consumer spending slows down in June
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Credit Markets Rebound as Confidence Surges on GMAC, Citadel
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US Venture Capital Fundraising Plunges 62%
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Inflation rose just 0.1% in June from May and 1.9% from a year earlier. Labor costs increased 0.9% last quarter
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Investors flee risk, stocks tumble
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Health Care:

Dimensions board puts off key decisions
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Sale is one option for Bayonne Med Center
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Bonds:

Junk Bonds Have Worst Month in Five Years on LBOs, Subprime
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Predatory Lending:

Warren: From 20% to 2000% in One Generation
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ACORN Rallies Against Predatory Lending
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Usury: Back and better than ever
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Student Debt:

Lender Agrees to Contribution of $2 Million to a Student Fund
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Alumni groups paid for grads' info
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Alumni group, loan company sever ties
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings
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Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
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Bankruptcy judge salaries would increase 50% under proposal
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Layoffs:

J&J to cut thousands of jobs
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Layoff plans fall to 1-year low in July
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Pensions:

Judge to Rule on Oneida Pension Dispute
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The End of Retirement
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Timber:

PALCO announces more job cuts
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Palco secures $75 million in financing
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Pacific Lumber Restructuring Plans Will Reduce Shifts, Employment Levels
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Mass Torts:

Asbestos-Related Claims Diluted For Voting On Plan
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Fitness:

Bally Total Fitness files Chapter 11 bankruptcy
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Tax:

The Academic Consensus on Carried Interest
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Publishing:

OJ Simpson criticizes Goldman family
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New York, Delaware Courts Rule on Reclamation Claims
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UK:

Deloitte predicts surge in company administrations
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Students fail to realize huge extent of debts
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1 in 7 'seriously overstretched' on credit cards
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Consumer confidence crashes in London
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Debts.co.uk says full-year in line, IVA uncertainty
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Goldman escapes E100m claim over bond losses
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Russia:

Spaceship maker fights bankruptcy
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Yukos Unit Questions Sale of Assets
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Australia:

Bridgecorp investors could recover just 25pc: receivers
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The Sins Of The Sons (Of Gwalia) Are Visited On Creditors Yet Again
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Men more likely to default on credit
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Canada:

Bre-X: Felderhof not guilty
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com