August 21, 2007

Daily Bankruptcy News

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Law:

Allen & Overy boosts global leveraged finance practice with U.S. hires
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Mayer Brown suffers as A&O ramps up New York
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What's Up With Bingham McCutchen?
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What's Up With Linklaters?
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Anonymous Lawyer
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A Quest to Get More Court Rulings Online, and Free
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Not so fond farewells
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IP market hots up as law firms fight for talent
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A Guy Walks Into a Bar and Files a Pro Se Suit
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Using Wiki Edits to 'Trash' Other Firms?
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What Will Come of a Lerach-less Lerach Coughlin?
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Lawyerly Lairs: Livin' La Vida Loca
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Clifford Chance pays out in sexual orientation claim
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Associate lockstep a thing of the past as Howrey looks to ability
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Judge Appoints PD, Has Him Arrested
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L.A. Law Firms Flash Their Fashion Sense
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Say What?!
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DLA Piper Lawyer Helps Free Former Classmate From Chinese Prison
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More Career Choices for Women Lawyers
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Ninth Circuit is Hep to the Drug-World Jive
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EDD Dangers Sneak Under the Radar
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An escort service with an over-involved lawyer
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Banking:

Deutsche Bank taps Fed credit window
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Layoffs:

SunTrust to Cut 2400 Jobs
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Furniture:

PeopLoungers avoids asset sale
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Accounting:

'Going concerns' are a growing concern for accountants
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Two Prominent Attorneys Subpoenaed in KPMG Case
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Utilities:

Hedge fund Harbinger and GE unit make offer for Calpine
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Reliant Energy plant seeks bankruptcy protection
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Channelview Bankruptcy Does Not Affect Ratings of Reliant Energy, Inc.
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Hedge Funds:

Hedge Funds Are Squeezed by Investors and Lenders
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Hedge fund firm Fortress reports wider loss
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Meanwhile in the Hamptons it's business as usual
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Hedge fund losses prompt exits as deadline looms
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Insurance:

Subprime crisis may spark D&O claims: Marsh
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Nervous investors flee bond insurers
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Mass Torts:

Congoleum Corporation Delays Filing 10-Q
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Kentucky Trial Derby
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Health Care:

Group makes counter bid for hospital
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Barnert Hospital able to cover payroll
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Hospital's creditors hit owners over finances
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Publishing:

Publishing O.J. Simpson's 'If I Did It': Another chapter in a bizarre saga
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Gambling:

Palm Beach Princess gambling ship line lays off 60
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Aviation:

3300 Delta pilots to receive pension boost
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Money market funds abused, claims founder
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IT Firms Jittery Over Credit Crunch Fallout
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Bankruptcy Judge Rejects Claims Based on Loss of Note Conversion Rights
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Autos:

A model for off-loading retiree health care?
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Delphi Union: 'We're Making The Best Of A Bad Situation'
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Economy:

Panic eases, credit woes persist
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Leading Indicators Up in July, Offsetting Decrease in June
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Treasurys Gain on Credit Fears
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Central banks continued to pump funds into markets as fears of contagion from the U.S. subprime crisis persisted
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Index Suggests U.S. Economic Expansion
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Japan Bank Puts $7B Into Money Markets
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Asian Stocks Extend Rebound
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European stocks lower as banks fall
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Real Estate:

How Missed Signs Contributed to a Mortgage Meltdown
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U.S. lawmaker: Subprime defaults at center of financial storm set to climb
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Capital One slashes jobs, mortgage industry swoons
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Capital One and the mortgage domino effect
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Capital One Closes GreenPoint Mortgage, Idling 1900
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Sub-Prime Risk and Reward
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US Foreclosures Rise Sharply in July
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Thornburg Sells Securities to Revive Home Lending
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Fitch Cuts Thornburg's Credit Rating
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Thornburg On The Defensive
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Luminent Sells Majority Stake
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American Home Faces Lender Demands
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Mortgage Crisis Could Spell Disaster for Online Ad Market
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Mortgage industry should have known better
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HomeBanc lays off 183 in Florida
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Money market funds' subprime connection
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The subprime crisis ate my quarter
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Buyers for distressed mortgage debt scarce, but they exist
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Countrywide ads tout safety amid report of layoffs
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Mortgage Fraud Gets Focus
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The cautionary tale of Aegis Mortgage's bankruptcy
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Jobless First Magnus workers uncertain about final paychecks
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Laughlin Ranch finance plan OK'd
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Tarragon facing financial woes
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Companies trying to stay alive by selling pieces of themselves
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A Revolving Door At Countrywide Financial
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Wall Street:

Why $70m wasn't enough to keep 'Goldfinger' at Goldman
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Burnt Fingers, Red Faces And Bernanke
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Layoff Woes Continue On Wall Street
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Investors shrugged off the Fed's attempt to restore order to the credit markets and bought up the safest government securities, triggering the biggest drop in yields on short-term Treasurys in nearly 19 years
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Fixing the Markets' Financial Black Holes
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Tax:

Adviser to Plead Guilty in KPMG Tax Shelter Case
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Heavyweight law firms to ask IRS for deferred comp plan delay
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Let's Give the IRS a Break
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Buyouts:

Debt crunch puts mega-buyouts in jeopardy
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Religion:

US judge won't intervene in diocese case
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Lawyers submit hefty bill to Portland Archdiocese
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Software:

HALO Technology Holdings Files for Chapter 11 Bankruptcy Protection
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Intellectual Property:

Sale of Stoller Trademark Assets to SPTA is Completed
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New Bankruptcy Opinions
(1 new opinion 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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Music:

Dr. Dre Sues Death Row Over Album Rights
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Food/Drink:

A Pair of Franchisees Runs into Trouble
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Nellson Nutraceutical Heads for Auction
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Decision coming on LeNature's dismissal
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Creditor shield sought for 18 TGI Friday's
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Corporate Reform:

"Uncanny parsimony with the truth"
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SEC Proposals Mean More Confusion on Director Nominations
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Media:

Adelphia shareholders' claims against banks tossed
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Telecoms:

Vonage sues to nullify patents
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Celebrity:

Investor buys life insurance policies of embattled music mogul
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Enron:

NatWest Three lawyers in row with Travers over defense 'interference'
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Snohomish Pays $18 Million To Settle Enron Contract Fee Fight
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Credit Cards:

Credit Industry Implicitly Endorsing "Adverse Events" Model of Bankruptcy?
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Secured Debt:

Article 9, Asset Securitization, and the Great Depression
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Sentinel Files For "Not Our Problem" Bankruptcy
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Sentinel records faulted before bankruptcy
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FCStone reports loss related to Sentinel's bankruptcy
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Sentinel Sued by SEC, Accused of Defrauding Clients
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Warren Buffett may be one of the last buyers standing, as the subprime shakeout forces private equity and hedge funds to the sidelines
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Epiq's founder hit upon 'a perfect application'
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Humble environs belie Epiq Systems' influence in legal circles
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Blue Light Special in the Boot and Nuke Department
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UK:

UK hedge fund manager Solent falls foul of credit market turmoil
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Odey hard hit as performance drops
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'If I'd read the fine print I'd have steered away'
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Solvent Restructuring Of Dana's U.K. Pension Liabilities
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Metronet workers turn on administrators
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BDO warns on 'superwoman' fund
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Canada:

Ranchers Beef closes in Canada
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Russia:

US Hedge Fund to Purchase Yukos Assets
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Four-Year-Long Chess Match
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Lynch Says He Will Sell Yukos Assets
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New Zealand:

Nathans Finance put into receivership
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Germany:

SachsenLB Has EU3 Billion in Subprime Investments, Person Says
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Japan:

Japan Pursues Consumer Finance Reform
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China:

CNAIC sales arm goes broke
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