August 29, 2007

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Autos:

Delphi, plaintiffs close to settling fraud lawsuit
(DBN Subscription Required)

Chrysler proposed shedding noncore assets, such as its Mopar components business, as part of its contract talks with the UAW
(WSJ: separate paid subscription required)

DaimlerChrysler profit falls in 2nd quarter
(DBN Subscription Required)

Dealership's inventory repossessed
(DBN Subscription Required)

E&Y lobbied US government on behalf of Ford
(DBN Subscription Required)

Credit crunch cools demand for automobiles
(DBN Subscription Required)

______________

Law:

Firms Add Humorous Edge to Recruiting Pitches
(DBN Subscription Required)

Has the Gravy Train Departed?
(DBN Subscription Required)

Federal district judge agrees without explanation to 4-month leave, "not allowed to talk," unusual event
(DBN Subscription Required)

Katten Adds Heidi J. Sorvino as Co-Chair of New York Bankruptcy Practice
(DBN Subscription Required)

Fried Frank Names New Bankruptcy Partner (scroll down)
(DBN Subscription Required)

Lawyerly Lairs: D.C.
(DBN Subscription Required)

Anonymous Lawyer
(DBN Subscription Required)

Perk Watch: How Green Was My Law Firm
(DBN Subscription Required)

Implications of 3rd Circuit 'Teleglobe' Ruling on Attorney-Client Privilege
(DBN Subscription Required)

Meet an In-House Cost-Cutter Who Believes in Fixed Fees
(DBN Subscription Required)

Dewey & LeBoeuf: More on the Merger
(DBN Subscription Required)

Lerach Retires Under Investigation Cloud
(DBN Subscription Required)

Are Associate Lawyers in the Firing Line?
(DBN Subscription Required)

BigLaw Firm Could Settle Age Discrimination and Contract Cases Pending Against It
(DBN Subscription Required)

BigLaw Juiced Over Sweet Profits From California's Orange
(DBN Subscription Required)

Erased E-Mails Return as Sanction
(DBN Subscription Required)

Lawyer Who Bungled Case Owes Ex-Client $5 million, Jury Finds
(DBN Subscription Required)

William Lerach is retiring amid a criminal probe. The high-profile securities lawyer, long a nemesis of corporate America, plans to leave his firm at the end of the week
(WSJ: separate paid subscription required)

Lawyer Quits Firm to Focus on Inquiry
(NYT: separate free registration required)

Lerach's Departure Memo
(DBN Subscription Required)

Bill Lerach To Resign August 31
(DBN Subscription Required)

SEC Sues Former KLA-Tencor, Juniper GC
(DBN Subscription Required)

Dallas Firm's Fee Dispute Could Become a Federal Case
(DBN Subscription Required)

Another Reason to Carry Crisp Benjamins
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Client Balks at Bare-Bones Bill
(DBN Subscription Required)

______________

Economy:

Fed Put Inflation Skepticism Above Credit Concern
(DBN Subscription Required)

Look who's begging for bailout
(DBN Subscription Required)

Federal Reserve foresaw credit crunch risk
(DBN Subscription Required)

Confidence Weakens by Most in Two Years
(DBN Subscription Required)

______________

Food/Drink:

Despite Good Earnings Winn-Dixie Tanks
(DBN Subscription Required)

Scranton collector hauls in ex-LeNature's chief's trains
(DBN Subscription Required)

Wonder Bread's downfall
(DBN Subscription Required)

______________

Entertainment:

Movie Gallery Delays the Inevitable
(DBN Subscription Required)

______________

Labor:

Confronting the CEO Pay Gap
(DBN Subscription Required)

CEO pay: 364 times more than workers
(DBN Subscription Required)

5319 Ohio manufacturing jobs gone in months, study says
(DBN Subscription Required)

______________

Hedge Funds:

Cheyne Says It Seeks to Restructure Debt
(DBN Subscription Required)

Cheyne May Liquidate Commercial Paper Unit on Losses
(DBN Subscription Required)

______________

Environmental:

Supreme Court Alters Balance of Power Among Debtors and Others Who Share Environmental Liabilities
(Martindale: separate free registration required)

______________

Bankruptcy Reform:

Bankruptcy Code Revision to Fight Foreclosure in the Works?
(DBN Subscription Required)

______________

 

 

Wall Street:

Fresh Fears for Wall Street
(DBN Subscription Required)

Markets stumble as Fed fails to reassure
(DBN Subscription Required)

Stocks are likely to rise early Wednesday
(WSJ: separate paid subscription required)

Merrill lowers Bear Stearns, Lehman and Citi
(DBN Subscription Required)

Downgrade Dumps Lehman
(DBN Subscription Required)

Crunch time for bloodied Wall St. banks
(DBN Subscription Required)

State Street Stock Falls on Credit Woes
(DBN Subscription Required)

US Stocks Fall Most in Three Weeks; Lehman Leads Banks Lower
(DBN Subscription Required)

It's a field day for stock market's bad news bears
(DBN Subscription Required)

Asian markets tumble after U.S. sell-off
(DBN Subscription Required)

Downgrades
(DBN Subscription Required)

______________

Real Estate:

Housing Prices Fall by 3.2%; Steepest Drop in 20 Years
(DBN Subscription Required)

No Way To Know Number of Troubled Mortgages, Lenders In US
(DBN Subscription Required)

IndyMac Is Hiring
(DBN Subscription Required)

Indymac Expands Retail Lending;Barclay's Unit Cuts Jobs
(DBN Subscription Required)

CIT Closes Home Lending Unit
(DBN Subscription Required)

Bankruptcy Judge Grants TransLand's Emergency Request to Fund Residential Loans and Construction Draws
(DBN Subscription Required)

Coast confronts growing wave of lawsuits
(DBN Subscription Required)

NYC-area mortgage-related layoffs top 14000
(DBN Subscription Required)

Mortgage crisis a boon for banks
(DBN Subscription Required)

Could subprime problems hurt search engines?
(DBN Subscription Required)

More getting SOLD! on idea of home auctions
(DBN Subscription Required)

Furnishings Sales Worsen Amid Housing Woes, Inventory Glut
(DBN Subscription Required)

Court OKs Sale of HomeBanc Mortgages
(DBN Subscription Required)

Objections mount to Magnus' wage plan
(DBN Subscription Required)

Ex-American Home Mortgage manager going to prison
(DBN Subscription Required)

Accredited Home tender extended by Lone Star
(DBN Subscription Required)

Subprime inflicts new damage as banks seek cash
(DBN Subscription Required)

What Will Fix the Mortgage Mess?
(DBN Subscription Required)

Odorous alliances in mortgage meltdown
(DBN Subscription Required)

Home Prices Across the Nation
(NYT: separate free registration required)

Mortgage woes spread to pricey real estate
(DBN Subscription Required)

______________

Health Care:

Tenet shares fall after brokerage's bankruptcy comment
(DBN Subscription Required)

Poverty rate down but fewer have health insurance
(DBN Subscription Required)

Patient Who Gouged Out Eyes Gets $2.2 Million Bill
(DBN Subscription Required)

Benefits to continue for Kessler employees
(DBN Subscription Required)

Doctors Medical Center gets grant
(DBN Subscription Required)

At Grady's expense, senator is adding fuel to fire
(DBN Subscription Required)

______________

Mining:

Asarco wants its former Rosemont Ranch property back
(DBN Subscription Required)

______________

Corporate Reform:

SEC Charges General Counsel of KLA, Juniper in Options Cases
(DBN Subscription Required)

Ex-Goldman banker pleads guilty to insider trading
(DBN Subscription Required)

Bankest cofounder sentenced to 20 years
(DBN Subscription Required)

Black's trial request likely to fail
(DBN Subscription Required)

Backdating: Are the Lawyers to Blame?
(DBN Subscription Required)

______________

Theme Parks:

No firm offer for theme park
(DBN Subscription Required)

______________

Horse Racing:

Spitzer Due To Name Racetrack Franchise Choice Next Tuesday
(DBN Subscription Required)

______________

Banking:

Bank lending weaknesses could infect economy
(DBN Subscription Required)

______________

Personal Finance:

Pricing Risk: Payday Loans
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No 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)

______________

Mass Torts:

Judge approves Travelers' $449M settlement
(DBN Subscription Required)

______________

Enron:

Judge overturns controversial Enron debt ruling
(DBN Subscription Required)

Enron Announces Federal District Court Decision Regarding Transferred Claims
(DBN Subscription Required)

US Industry Associations Applaud Victory In Enron Appeal
(DBN Subscription Required)

'Slippery slope' led to Enron, CMU, Harvard researchers find
(DBN Subscription Required)

______________

Cash Management:

Sentinel trustee appointment delayed to Wednesday
(DBN Subscription Required)

CFM aims to recoup funds lost in Sentinel
(DBN Subscription Required)

______________

Utilities:

Calpine falls after reorganization plan revised
(DBN Subscription Required)

______________

M&A:

CFOs expect increase in private-equity activity
(DBN Subscription Required)

______________

Layoffs:

EarthLink to Cut 900 Jobs
(NYT: separate free registration required)

______________

Publishing:

Judge defers to Canada in fight for Sun-Times
(DBN Subscription Required)

US's largest bookseller still has no plans to carry OJ book
(DBN Subscription Required)

Don't Stop the Presses -- Sell the Building Instead
(WSJ: separate paid subscription required)

______________

Adelphia:

Rigas Family Wants Deloitte Case Heard In Penn
(DBN Subscription Required)

______________

Telecoms:

Virgin Mobile confident it won't be Amp'd No.2
(DBN Subscription Required)

______________

Corporate Governance:

The Impact of the Credit Crisis on Shareholder Activism and Shareholder Democracy
(DBN Subscription Required)

______________

Global Power Equipment says reaches agreement in bankruptcy case
(DBN Subscription Required)

UK:

FTSE bosses' pay 'soars'
(DBN Subscription Required)

Expert suggests alternatives to IVAs
(DBN Subscription Required)

IVA.co.uk voices concerns over the the sub-prime market for loans and mortgages
(DBN Subscription Required)

Millions caught in credit card heist
(DBN Subscription Required)

Record 120,000 will apply for insolvency in '07
(DBN Subscription Required)

E&Y calls in investment bank to value Metronet
(DBN Subscription Required)

______________

Korea:

Civil Suits Among Low-Income Bracket Rise
(DBN Subscription Required)

Korean banks' debt workouts normalize more small firms in 2nd quarter
(DBN Subscription Required)

______________

Israel:

Wife of Heftsiba CEO: He ruined our lives
(DBN Subscription Required)

______________

New Zealand:

Property Finance Group into receivership
(DBN Subscription Required)

______________

Germany:

German workers take on private equity "locust"
(DBN Subscription Required)

German consumer sentiment shaken by market crisis
(DBN Subscription Required)

______________

Russia:

Arrest Ordered for Russian Oil Entrepreneur, a Critic of the Kremlin
(NYT: separate free registration required)

______________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

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