August 31, 2007

Daily Bankruptcy News

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Law:

Firm Says First-Years "Likely" to Get a Raise
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William Weintraub Joins FKSA to Launch Financial Restructuring & Insolvency Department
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Layoffs?
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Caution: Private E-Mails Might Turn Public
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"I'm Gonna Sue, Sue, Yes I'm Gonna Sue . . ."
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Lawyer of the Day: Clifford Chance's Lisa Murtagh
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Battle Over $75 Million in Lawyer Fees in Microsoft Case Coming to a Head
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Freshfields outsources its recruitment
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In-House Blues
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Justice Department Investigating Whether Gonzales Misled Congress
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New Delta Chief Exec Earned His Wings as an In-House Counsel
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Hundreds of NY Bar Exam Takers May Have Had Essay Answers Fouled Up by Software
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The U.S. Attorney Mess Keeps Going, and Going . . .
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BigLaw Firm Faces More Defections, But Aims to Bolster Waning Practice
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Say What?!
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Budget Crunch Hits U.S. Attorneys' Offices
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IP Specialists Earning Up to $2,000 an Hour
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Federal judge's humor just one key asset - "I swear you are dumber than even a bankruptcy judge"
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Was Judge's Opinion Unethical?
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Career Law Clerks v. Recent Law-School Grad Clerks
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Firm forces article to be withdrawn
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HireTrade Goes After Avvo?
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Corporate Reform:

Bernanke May Hear Call for Fed Activism on Regulation
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The SEC has sent 300 letters to companies nationwide, demanding more information related to executive pay
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Hedge Funds:

Judge Rejects Bankruptcy for 2 Hedge Funds
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Bear Stearns Judge Rejects Ban on Hedge Fund Suits
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Risk of redemptions loom over 2000 hedge funds
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Big banks hound battler
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Study Criticizes Hedge Fund Salaries
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20/20 Hindsight Through What Were Once Rose-Colored Glasses
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Cash Management:

Sentinel trustee no stranger to blowups
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Sentinel gets court OK to pay payroll, other expenses
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Theme Parks:

Potential Wild West buyers plan offer
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Autos:

GM to Cut Ontario Plant Shift as Pickup Sales Fall
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GM cuts "shocked the living hell" out of CAW boss
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GM layoffs have domino effect
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With hundreds of thousands of layoffs, Michigan workers who don't lose their jobs are asked to do more
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Ford's Mulally losing luxury of time
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UAW contract talks pick up pace
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Dismal auto sales likely in August
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Real Estate:

Less Lending to Consumers Could Mean More Bankruptcies
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Bush to bail out struggling homeowners
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Bush Plans Loan Relief on Housing
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Why a U.S. Subprime Mortgage Crisis Is Felt Around the World
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Freddie Mac's Heart Attack
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Subprime cloud has begun precipitating
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Judge starts to untangle complicated finances of CM Development
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Fund placed bad bets on mortgage companies
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BNP Paribas CEO: Don't blame us for subprime chain reaction
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Bernanke Opposes Lift Of Fannie, Freddie Caps
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House price appreciation slowest since '97
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Sale of a Block Loan Unit Is at Risk
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Attorney sentenced in mortgage fraud scheme
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Speculators Seen as Causing Many Defaults
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Mortgage Firm Sells $500 Million in Stock
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Gary Bradley associate fined in bankruptcy case
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Lone Star seeks lower Accredited price
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Creditors seek involuntary against Oxford Homes
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Countrywide moves to claim loans from First Magnus
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American Home Mortgage says it needs a 'crisis' PR firm
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Retailing:

Sears: Where America Doesn't Shop
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Economy:

Leading lender likens US credit crisis to Great Depression
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European shares rise on Bush bailout, Bernanke
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US jobless claims up 9000 last week
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U.S. economy expands at 4% rate, fastest pace in more than a year
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A key gauge of inflation, the core PCE index, rose just 1.9% in July from a year earlier, remaining within the Fed's perceived comfort zone
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Insurance:

Subprime unlikely to affect reinsurance industry
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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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Publishing:

Barnes & Noble changes mind on Simpson
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Wall Street:

Stock Market Points Toward Higher Open
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Downgrades
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Finance:

Commercial paper extends slump on asset-backed woes
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Food/Drink:

Judge rejects Giant Eagle deal
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LeNature's plant goes to Giant Eagle rival
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Bankruptcy Statistics:

Bankruptcy up this year in Minnesota
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Textiles:

GMAC opposes confirmation of Delta Mills' bankruptcy plan
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Religion:

Diocese land slated to sell this week
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Utilities:

Calpine Consulting Fees Close to $300M
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Calpine Mulling Stock-Rights Offering
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How does bankruptcy treat prepayment penalties with solvent debtors and unpreserved issues
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UK:

Record number of families defaulting on debt
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Interest rate for student loans doubles
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Man ordered to repay £4.5m transferred to him in banking error
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Bright blames others
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Barclays Capital rescued from collapse an investment vehicle it helped set up last year, injecting $1.6 billion into Cairn High Grade Funding
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Israel:

Israeli CEO who built illegally in West Bank arrested in Italy
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Canada:

Hiding in plain sight
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All choked up
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