August 14, 2007

Daily Bankruptcy News

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Law:

Partners are treating associates better than ever - because they don't have a choice
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V&E Expands NYC Office and Insolvency & Reorganization Practice -- Cronin & Vris Lawyers in NYC and Harry Perrin in Houston Join Firm
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Hermes Sargent Bates Adds Bankruptcy Partner
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Thompson Hine Adds Bankruptcy Partner
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Thompson & Knight Attorney Receives Legal Services of New York City Pro Bono Service Award For Bankruptcy Work
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Lockstep Compensation. Does it Still Merit Consideration?
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Firm chief hits out at PEP obsession
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New Associate Salaries in Midrange Law Firms
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Lawyerly Lairs: It's Good To Be A Biglaw Partner
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X-Summers: Golden Shower
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Perk Watch: Healthcare
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Pay Raise Watch: IP Firms
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A Summer Associate Farewell Email: 'WHEREAS, I Am a Tool'
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Lawyer-To-Be of the Day: Meghan Poirier
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All Quiet on the Merger Front?
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Nonlawyer Ownership of Law Firms Might Not Cause the Sky to Fall
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Are You a Token in Your Firm's Diversity Game?
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Wrongfully Prosecuted Lawyer Wins $400,000 in Fees After Prosecutors Misled Grand Jury
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New ABA President Emphasizes Shift Toward Public Service
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Beantown's Real Estate Boom Has Firms Jumping
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DLA Piper chairman diagnosed with cancer
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For Silicon Valley GCs, the Shadow Knows
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Three Strikes, and Qualcomm's General Counsel Is Out
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Qualcomm lawyer quits ahead of Nokia case
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Polish Bill Would Limit Lawyers to $96/Hour
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'Why I Escaped the Law'
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San Diego sues Willkie for dual roles
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Litigant to Judge: 'Bite Me, Your Honor'
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DWS's global gamble
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Is Value Billing "Reasonable?"
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Have Laptop, Will Practice
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True or False: You Are What You Bill
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Say What?!
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Message to Pants Judge: Please Don't Appeal
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Suing flower sender on Today Show
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Litigation Holds: Best Practices for Protecting Your Company's Email Data from Inadvertent Loss and Spoliation
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Coming Soon: E-Discovery Attorneys at Every Firm?
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Economy:

Fed's efforts to calm markets are far from over
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Blackstone debt market climate change warning
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Blackstone finds new deals tougher
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ECB Adds Cash for Third Day, Says Market Normalizing
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ECB Offers Additional Cash to Banks for Fourth Day
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Banking crisis hits Second Life
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Retailing:

Phillip Gall's files for bankruptcy
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Derivatives:

Counterparty Risk in the CDS Market
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Corporate Reform:

Rigases enter prison
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SEC Is Preparing Option to Charge Former GC of KLA
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Golf:

Residents Speak Out On Running Horse
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Publishing:

Simpson Book to Benefit Foundation
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Autos:

Auto industry woes have a chain reaction
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Delphi buyouts regretted
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Hedge Funds:

Bailout Or Injection?
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Goldman Global Equity Fund Gets $3 Billion in Capital
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Goldman pays the price of being big
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Goldman Gambit May Pressure Profits
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S&P reaffirms Goldman's credit rating after $3 billion hedge fund bailout
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Hedge funds braced for more pain
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Hedge funds forced into equities fire sale
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Goldman: 'This is not a rescue' - so what is it, then?
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Wall St. humbled by hedge funds
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Huizenga family sues over hedge fund flop
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Pack Mentality Among Hedge Funds Fuels Market Volatility
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Good for Goldman
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Rocket scientists end up acting like sheep
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Quant quake hits hedge-fund giants
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U.S. lawmakers are examining the use by some hedge funds of offshore affiliates to avoid paying taxes on lending profits
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Side Letters - Are Funds Hedging Their Bets?
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Real Estate:

Aegis Mortgage files for Chapter 11 bankruptcy
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Insider Trading at American Home?
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Judge rejects trustee in 1031 Tax Group bankruptcy
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For New Century, Is the Century Over?
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Huge Ponzi scheme alleged
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Accredited Goes To Court To Save Deal
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Can This Mortgage Marriage Be Saved?
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HomeBanc's Faithful Bankruptcy
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JP Morgan warns HomeBanc about foreclosure
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Silicon Valley real estate firm's $1.8 billion buyout 'unlikely' after lenders pull out
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Beazer: Ex-CAO May Have Violated GAAP
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Attorneys Employ Creative Methods
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Mortgage REIT Fund Hammered By Credit Crunch
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Trend Of Tighter Mortgage Standards Continues: Fed
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The Hidden Danger: ARMs
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Foreclosure: One California Home's Story
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Fed: Banks Tightening Subprime Standards
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The Tip of A Familiar Iceberg
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Home Depot's net income dropped 15% as the nation's largest home-improvement retailer continues to struggle amid a tough housing market
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Home Depot profits fall 14.8 percent
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U.S. Foreclosure Activity Remains High
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American Dream Financing Opened Pandora's Box
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Judge allows auction of Kara project
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CIBC Loses C$190 Million on Mortgage Securities
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Mortgage Crisis Becomes a Criminal Affair
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Cracks may appear in Manhattan apartment market
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Court may launch Queen Mary auction
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Publications:

Long Awaited by Bankruptcy Lawyers in LA and California: The Rutter Group Bankruptcy Practice Guide is Published
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Health Care:

Weston HMO in receivership
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Medicare ends contract with Suncoast
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Basketball:

The 'I' in "IT" doesn't stand for intelligence
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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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Banking:

US banks eased terms on business loans, tightened on real estate
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Accounting:

BDO Seidman Ordered to Pay $170 Million in Compensation to Portuguese Bank
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Nation's Top Accounting Firms See 15 Percent Growth
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Tax:

The Two-Income Tax Trap
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Pensions:

California Draws Line on Public Employee Pensions
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Judge denies motion to dismiss United Technologies 401(k) fee lawsuit
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Religion:

Diocese, creditors want more time to file plan
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San Diego diocese tried to hide millions of dollars, judge says
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Investment Banking:

UBS hit by global markets turmoil
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Fitness:

Bally Total Fitness Submits Motion to File Amended Plan of Reorganization
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Insurance:

Benicorp insurance files rehabilitation order
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Food/Drink:

Equipment in Le-Nature's bottling plant to be auctioned off
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Enron:

Travers rocked by NatWest Three allegations
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Corporate Governance:

Good News And Bad News For Corporate Managers Dealing With Insolvency Issues
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Credit Cards:

More Teens Wield Credit Cards -- With Parents Paying Debt
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Trade Vendors: Are Recent Bankruptcy Code Revisions an Elixir or a Placebo?
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Lord Black's Delaware Hollinger Cases
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UK:

Number of women applying for bankruptcy rises by 16 per cent
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Students Turn To Bankruptcy
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Debt sentence for 2007 graduates
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BDO report: Massive rise in business fraud
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Banks block overstretched borrowers from IVA scheme
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Canada:

Coventree Fails to Sell Asset-Backed Commercial Paper
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Russia:

Rosneft May Bid for Yukos' Foreign Assets
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Germany:

German sub-prime exposure escalates
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Australia:

Rams shares plummet on US sub-prime woes
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Israel:

Interpol to join manhunt for Heftsiba CEO
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Japan:

Builder goes under with debts topping ý560 billion
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