August 6, 2007

Daily Bankruptcy News

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Rising Fees Charged In Bankruptcy Cases Elicit a Backlash
(WSJ: separate paid subscription required)

Law:

Federal Judge Rejects Plea in Case of Disbarred Attorney -- Again
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Thelen Wins Fight With Whistleblower Over $54M Fee
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Motion to Reschedule on Account of Being Whipped?
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Conventional Salary Wisdom Wrong
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Pay Raise Watch: Baker Botts (Texas)
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Perk Watch: Sabbaticals
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Firm Raises First-Year Pay, Angering Some Senior Associates
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Heller Ehrman Summers: 'Where's Our Raise?'
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Firm Merges for Seventh Time Since 2005
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Stand by your man
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Freshfields stands by O'Brien after conflict case
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Disgruntled Client Launches Toll-Free Number for Gripes About BigLaw Firm
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Tort-a-licious: The Trials of Law School
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Former Class Members Sue Milberg Weiss
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Milberg's Case for Kickbacks
(WSJ: separate paid subscription required)

Lovells selects new chief for US regions, insolvency is growth target
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Akin Gump Faces Age-Discrimination Suit
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Second Life bar elects real life partner as president
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Venable's 2007 Bocce Champs
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Document Review in the US versus India
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Lawyers Gone Bad: Money, Sex and Madness
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Say What?!
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Son to Get $250 K of $28 M Jail Award?
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Differential Pricing at Law Firms & Gender
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Picture of the Day (and Possible Bar Exam Question)
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Economy:

Fed to weigh hit of credit crunch
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Oil Falls on Concern Subprime Debacle Will Reduce U.S. Growth
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Global Stocks Decline
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Coming Week: Panic Button?
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The Fed and markets
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Recession talk rears its head amid loan mess
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Markets Fall as Lender Woes Keep Mounting
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Buffett's in a mood to buy
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Don't count on Fed easing interest rates so fast despite credit woes
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Search for a scapegoat finds Greenspan
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Wary of the future, some workers choose to trade in the family career
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Real Estate:

American Home Mortgage Files for Bankruptcy After Shut Down
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Lenders cut back, tighten terms
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Builders beg banks to ease interest covenants Print Email RSS Reprints
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Wall Street awaits Fed rate decision
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Home Myths Meet Reality
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NovaStar Shelves Some Loans
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Will NovaStar follow American Home into bankruptcy?
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Will Anything Be Left Of American Home?
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Demise of top mortgage lender shocks employees
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How credit-card firms can inflate your mortgage bill
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No money down vanishing as mortgage option
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Colbert's Turn on the Subprime Crisis
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Risky mortgages were very popular in the West
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Freddie CEO wary of more subprime loans
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'Credit crunch is here'
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Vulture investors feed on subprime carrion: The contrarians
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Vulture investors feed on subprime carrion: The lawyers
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Some outer suburbs in metro Phoenix hit hard by foreclosures
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Mass. bankruptcy surge: Housing woes cited
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Foreclosure agents bask in bad times
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Amid US Mortgage Woes, Sen Dodd Criticizes Regulators
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Beazer Homes Fights Continues to Fight Off Bankruptcy Rumors
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State Clamps Down On Mortgage Lender
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Company's collapse good for industry in long run, lenders say
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Hard year for homeowners
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Loan Insurer ACA Capital May Be Toast
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4 will bid for Queen Mary
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Autos:

Cerberus closes deal to nab Chrysler
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Bob Nardelli gets top Chrysler job
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Nardelli Makes Comeback With Chrysler
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Chrysler's Nardelli Hiring Could Raise Concerns At UAW
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Chrysler Punishes Former CEO
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The new fix-it guy? Nardelli's bold style gets results, criticism
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Former Tower CEO a turnaround dean
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The UAW's Health-Care Dreams
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US auto parts company Delphi reaches labor deal, clears obstacle
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Hedge Funds:

Merrill accelerated Bear hedge debacle
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Bear Stearns's Spector Resigns
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Bear Stearns shares plunge on S&P rating cut
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Bear Stearns Preserving Capital To Weather Credit Storm
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Who Screwed Bear Stearns?
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Harvard loss shows value of a hedge fund education
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Hedge funds tied to roller-coaster stock market ride
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How Bear Stearns Mess Cost Top Executive His Job
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Pensions:

IRS Gets Tough on 'Rollover' Time Limits
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More than 80 percent of 401(k) participants unaware of fees
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Senior Debt:

Mired in debt, more people 55 and older face bankruptcy
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Bankruptcy Statistics:

After a Lull, Signs of a Bump in Bankruptcies
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Consumer bankruptcies rise 34 percent in July
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Bankruptcy filings rise 59% in northwest Ohio
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Aviation:

The Best of Flights, The Worst of Flights
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Northwest Pilots Approve Bonus for Perfect Attendance
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Georgia Firm Buys Tiger Type Certificate
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Retailing:

Ronco fails to sell off assets in auction
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Telecoms:

Pac-West Telecomm Files Chapter 11 Plan
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Mass Torts:

Fen-Phen Lawyers Owe at Least $62 Million to Former Clients
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Movies:

Credit Crunch, the movies' latest drama
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Predatory Lending:

Predatory lenders target the vulnerable
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Corporate Reform:

What blame does board at Peregrine really bear?
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63 CFOs Convicted in Past Five Years
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Sonus Takes $54M Backdating Charge
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Home sweet holding cell
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John Rigas tells his side of the Adelphia Story
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Onetime Top Analyst Gets Jail Time
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Credit Cards:

Congress eyeing arbitration clauses in consumer contracts
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Accounting:

Deloitte to pay $165M over Adelphia collapse
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KPMG Defendants Seek Postponement of Trial
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Seven Fields lawsuit to be retried
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The high cost of financial restatements
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Insurance:

Home Insurers' Secret Tactics Cheat Fire Victims, Hike Profits
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Food/Drink:

Bakery enterprise spirals out of control
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RJ Gator's attracts $1.65M bid
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Adelphia Recovery Trust Announces Settlement of Tow and Rosensweig Litigation
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Before the Credit Crunch, a Timely Warning
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New Bankruptcy Opinions
(7 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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Next victims of the credit squeeze
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Have Section 363 Sale Orders Gone Too Far?
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Health Care:

Tyrone Hospital submits plan to leave bankruptcy
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Hospital to open again in a few months
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Boston Scientific's debt suffers from lack of sale
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Democrats use radio address to talk about healthcare
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Bankruptcy protection could help hospital sale
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Nursing home files for bankruptcy
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Parkway Hospital plans return from bankruptcy
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Religion:

More legal skirmishing in San Diego bankruptcy case
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St. Ambrose University removes former bishop's name from library
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Publishing:

Why publish OJ book?
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Collateral Estoppel and Piercing of the Corporate Veil in the OJ Simpson Related Bankruptcy Case
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Bankruptcy Reform:

Outrage by Dick Morris and Eileen McGann
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Newspapers:

Tribune sale at issue as industry woes grow - Newspaper decline could collapse deal
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Enron:

UC receives money from Enron class action lawsuit
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Asset Protection:

Repeat Offender Permanently Banned from Telemarketing, Selling Asset Protection Programs
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Paper:

Port Townsend Paper unsecured creditors to vote on reorganization plan by Monday
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UST:

Lawyer's new gig - UST (scroll down)
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Insuring Against Credit Risk Can Be Risky
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UK:

Corporate lifesaver
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Debt set to soar by the end of 2007
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Soap star reveals debt hell
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Esporta may face bankruptcy or sale as bank struggles to syndicate debt
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Credit crunch looms
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OFT upgrades cartel team to build on £270m BA rap
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Bankruptcy rate rises as individuals and businesses fall further behind
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Busted by the borough
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Exit fees make a sneaky re-entrance
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Canada:

Bankruptcy business becalmed in booming Calgary
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Canada's finance chief calls his country's inability to convict white-collar criminals an international 'embarrassment'
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Australia:

US subprime disease infects ASX
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Administrators need $7m for Estate
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Israel:

Heftsiba seeks court protection as debts mount -- Banks are owed NIS 818 million out of total company debts of almost NIS 1.6 billion.
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Hapoalim: Heftsiba bosses gutting the firm
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Court halts all Heftsiba proceedings
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Germany:

The dangers of bailing out banks
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IKB faces takeover threat from rescuers
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Germany Sets Shaky Precedent With Lender Bailout
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