August 27, 2007

Daily Bankruptcy News

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Autos:

Dana Invites Appaloosa to Submit Offer
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Dana may consider bankruptcy-exit offer
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GM, Ford threatened by Cerberus divide on union-led health-care fund
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Ford, GM propose health care fund to union
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Ford asks Fed for help
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Creditors criticize Dura plan
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Law:

Two Big Law Firms in Merger Talks
(NYT: separate free registration required)

LeBoeuf, Dewey Ballantine In Advanced Merger Talks
(WSJ: separate paid subscription required)

Law Firm Merger Talks Expected To Announce Deal This Week
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Dewey/LeBoeuf? Welcome to the 21st Century
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Edward Ripley: Seasoned Bankruptcy Lawyer Doubles as Youth Soccer Referee
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Wooing Summer Associates with Ferraris and Cristal
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Public Humiliation, Courtesy of Your Friends at Wilson Sonsini
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The Fieger Indictment
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Flamboyant Lawyer Who Represented "Dr. Death" Indicted
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Contempt Trial for Arrested PD
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From battling in court to making kids happy - A nationwide trend
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Case Taken as Favor Turns Into Malpractice Claim
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Nixon Peabody ThemeSongGate
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Nixon Peabody ThemeSongGate Wrapup
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Everyone May Be a Winner at Nixon Peabody, but Do They Have a Sense of Humor?
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BigLaw Firm Increases Ties to Candidate Rudy
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End of the Profession or Common Sense?
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Washington Kept Outside the Magic Circle
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Firm Decides To Put Billable Hours On Hold
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When Is $1,000/hour worth it?
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Revealed: the 12 UK firms with million-plus partners
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Small Firm's Lawyers Not Waiting for Wal-Mart Fees
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3rd Circuit Slashes Punitive Damages Award
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Susman Godfrey Sued Over Alleged Fraud, Conspiracy
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Competitive Intelligence: Brave New World
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Another Christian Law School Announced
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11th Circuit: Return Katrina Docs!
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Meckler Raids Megafirm, Marches Into Texas and Arizona
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Legal fees rising to vomit point
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Law Blog Banks on Disgruntled Large-Firm Associates
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Smart Marketing Messages by Fox Rothschild
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Say What?!
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Lawsuit Decision Matrix
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Banking:

Fix-it shops lick chops as default wave nears
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Subprime keeping feds from setting bank regs
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Is Wells Fargo on the level?
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Economy:

Central banks try to prevent the global system from unraveling
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Wall Street, Still a Little Wobbly, Steadies Itself
(NYT: separate free registration required)

Debt Issues Top Economists' Fears
(WSJ: separate paid subscription required)

Credit market has pros confused
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Will the Fed Weigh In Again?
(NYT: separate free registration required)

How Much Money-Market Vulnerability?
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Ex-Treasury chief Summers warns on recession risks
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Durable goods orders rise 5.9% in July, beating estimates
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Avoid the Craziness and No One Gets Hurt
(NYT: separate free registration required)

Budget office sees little long-term subprime effect on economy
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U.S. crisis underscores global links
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US subprime crisis hits Indian outsourcing companies
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Corporate Taxes Slowing
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Consumer Rights:

When failure is an option
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Direct Marketing:

Mal Dunn Associates files for Chapter 11 bankruptcy protection
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Middle Class:

Is There (Middle Class) Life After Maytag?
(NYT: separate free registration required)

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Health Care:

Judge gives AMH extension for reorganization plan
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Hospital payments in legal fray
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New owners of Greater Southeast to meet with city in quest for funds
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Two senior centers file for bankruptcy
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Single-Payer Reform Only Cure For Rising Healthcare Costs
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Private Equity:

Deutsche Bank sells DB Capital Partners
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Publishing:

Pre-orders Surge For Simpson Book
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Real Estate:

Inside the Countrywide Lending Spreen
(NYT: separate free registration required)

Countrywide's boiler room
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A marriage made in crisis
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Did Countrywide Give Away Store?
(WSJ: separate paid subscription required)

Fraud, greed run lending
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Hughes Watters Askanase Receives Summit Award
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Subprime, debt 'bigger threats than terror'
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Condo Troubles Further Squeeze Property Lenders
(WSJ: separate paid subscription required)

Mortgage market needs up to $250 billion to stabilize
(DBN Subscription Required)

Your home as a piggy bank? Not anymore
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Federal Trust Corporation Files Joint Bankruptcy Petition Against TransLand
(DBN Subscription Required)

Subprime assets infect many money market funds
(DBN Subscription Required)

Easy-money bills come due
(DBN Subscription Required)

Say goodbye to putting no money down
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Schumer Asks for Loan Limits
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As thousands face home foreclosures, officials must help
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Credit-score panacea failed to stop US mortgage crisis
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Gateway Funding keeps on fighting
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Out of cash, out of time, out of home
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Now, a fix-up downturn
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How regulators fed the credit mess
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Real estate group guts neighborhoods
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Luxury Miami Condo Conversion Is Facing Financial Trouble
(NYT: separate free registration required)

Jobs tight for many from First Magnus
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Initial hearing set for First Magnus
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No health insurance from First Magnus
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Mortgage meltdown claims new set of victims
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Truth-in-Lending Disclosure Failure Leads to Mortgage becoming "UnSecured"
(DBN Subscription Required)

As Woes Grow, Mortgage Ads Keep Up Pitch
(NYT: separate free registration required)

Modular homebuilder's debt plan draws attack
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Merrill could face big subprime write down
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Where's Merrill?
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The death of the 'must buy' mantra
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ARMs race: The fallout of the mortgage mess
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Here Come the Vultures
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Flips, scams blamed in California housing decline
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Once-hot Miami struggles to weather housing downturn
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Try before you buy, even with a new home
(DBN Subscription Required)

Schumer, Klein: crackdown on 'unethical' lenders
(DBN Subscription Required)

Mortgage Crunch Impact Spreading
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2 banks target future in home-lending plan
(DBN Subscription Required)

Amstar Financial Says 'Goodbye' to Mortgage Lending
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Mining:

Augusta Named in One of ASARCO's Bankruptcy Complaints
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Mining-firm creditors seek $100 million
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Asarco case twists again
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Wall Street:

Why the markets' roller coaster seems wilder
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Bum Markets, Big Bonuses
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Wall Street's rookies socked by first crisis
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Kramer said a possible 25% market collapse?
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Derivatives:

The moving target of credit default swaps
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Credit Derivatives: Confirmation Backlogs Increased Dealers' Operational Risks
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Accounting:

Deloitte Drops Company Shortly after IPO
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Sen. Schumer urges Big 4 on mortgage accounting
(DBN Subscription Required)

Judge OKs $167.5M Deloitte Settlement for Adelphia
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Financial Literacy:

Financial education must start before college
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Theme Parks:

Wild West World Potential Buyer in Town
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Bankruptcy Reform:

News from the Congressional Front - Part I: Pending Bankruptcy Legislation of Interest to You
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US Trustee Report on Effects of Means Test
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Distressed Investing:

Vulture Funds Pick at Strapped Companies
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Cleaning Up on the Meltdown
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M&A:

The Big Deal Breakdown
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Tax:

IRS rule could tax your deferred comp
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Blaming the Correct Governmental Body
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Peregrine... Long fall from grace
(DBN Subscription Required)

Fedders cut to 'D' as North American units file for bankruptcy
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New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
(DBN Subscription Required)

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Religion:

More Developments In San Diego Diocese Bankruptcy Case
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Judge: Priest abuse cases can go to trial
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Celebrity:

McLean's CPA given access to personal funds
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Corporate Reform:

Will the Credit Crisis End the Activists' Run?
(NYT: separate free registration required)

Lack of consensus dogs US regulators
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Is there a medal for biggest bank ripoff?
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Three hundred companies get pay query letters from SEC
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Half-billion fraud claim dropped against Rigas family
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SarbOx or not, execs can still cook the books
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Timber:

Judge OKs cash bonus plan for some PALCO employees
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Credit Cards:

Debt collectors hounding card holders
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Take a seat, students: This is Debit Card Usage 101
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The next credit crunch?
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Card Debt Stays Dry in Credit Storm
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Cards Train Teenagers to Use Plastic
(NYT: separate free registration required)

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Hedge Funds:

Just How Contagious Is That Hedge Fund?
(NYT: separate free registration required)

More hedge fund failures likely, "but unlike LTCM"
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Tale of two Lays awaits an ending
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The sheer chutzpah of hedge funds
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My hedge is better than yours
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Rolling the dice on catastrophe
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Hub fund chief tells investors of $400m loss
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State regulators sue hedge fund operator
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Labor:

House Democrat vows reform of WARN Act
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Utilities:

Calpine to honor low-rate contract
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Art:

Culture 'vulture funds' prepare to swoop
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Enron:

Ninth Circuit Backs Consumers Against FERC
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Pensions:

Pension burden getting to you? Sell it.
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Is a vulture fund coming to your retirement plan soon?
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Aviation:

The Unfriendly Skies
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Lessons from Panic of '07
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UK:

Pension funds demand money back
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Bankrupt Rev is found dead
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Brace yourself for the insolvency crunch
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Bright 'kept in the dark' by staff
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Indie boss lashes out at Big Four auditor
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Nation of debt lovers suffers mortgage crisis
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City stars humbled as meltdown hits Mr. Sub-prime
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The credit crisis can be blamed for the resignation of a high-profile British banker who worked with volatile collateralized debt obligations
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Bear Stearns rivals courting its clients
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Canada:

Stinson dethroned from hotel reign
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Germany:

German state decides to sell bank hit by US crisis
(DBN Subscription Required)

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New Zealand:

Sector in crisis as Christchurch finance company in trouble
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Australia:

Late pay sends firms to the wall
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One.Tel - Many unhappy returns
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Delinquencies from low docs hit record
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Russia:

Swiss court refuses Russian bid for Yukos assets
(DBN Subscription Required)

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China:

CCB reveals $1.06bn subprime exposure
(DBN Subscription Required)

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