August 8, 2007

Daily Bankruptcy News

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Chapter 11 may be tough, but it beats dismemberment
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Law:

LA judge rules no dismissal on kickback charges against Milberg law firm
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Civil suit against Milberg Weiss is score-settling
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Qualcomm Lawyers Taken to the Woodshed Over Discovery Conduct
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Lawyer Defends Qualcomm Representation
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Dechert joins UK associate salary war
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King & Spalding Ups Ante to Match Alston's Pay for First-Years
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King & Spalding Delays Pay Controversy
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Haynes and Boone Latest to Hike Associate Salaries in Texas
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Pay Raise Watch: Haynes and Boone
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Pay Raise Watch: Boston Updates
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Perk Watch: Maternity Leave and Paternity Leave
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Glenn Close and Damages: Dubious or Delicious?
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New Career: Hedge Fund Sleuth
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Power Dialing for Ding-a-Lings
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Thomas P. Brennan Joins Mitchell Silberberg & Knupp's Bankruptcy Practice
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New Practice Groups Form Around Subprime Failures
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Judge Faces Removal From Bench Over Anti-Semitic Slurs From Bench
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Kirkland & Ellis Has a New Web Site
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Women GCs Take Growing Share of 'Fortune' 500 Jobs
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Airlines sue FBI, CIA over Sept. 11
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Say What?!
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EDD Expert Explodes Page Equivalency Myth
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Bridge Collapse Draws Lawyers
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Facebook for 1Ls
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Pants Judge Moving Closer To Unemployment
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Lawsuit of the Day: Sixth Circuit Horses Around With Literary References
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Corporate Reform:

Legal drama as backdating trial ends in 'guilty'
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New Stock Option Fears in the Valley
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The Brocade Verdict: A Report from the Trenches
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Jury convicts Brocade ex-CEO in options trial
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Brocade options case far from over
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Ex-Cendant chairman Forbes reports to prison
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Adelphia honcho Rigas, headed to prison, says he was in wrong place at wrong time
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Outside Director Liability
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Congressional Report Presses for SEC Changes
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American Express to Pay $65M Fine
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Sarbanes-Oxley Lowers Corporate Fraud Lawsuits
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The Rising Cost of White-Collar Defense
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Gambling:

Bankruptcy a good bet for Trump Resorts?
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Health Care:

Debt Rising Among the "Underinsured"
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Bad Debt Trips Tenet
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Court orders independent trustee for Inyx USA
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Publix's free-drug offer has flip side
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Adams ordered to reveal finances
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Kessler submits statement with court
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Enron:

Enron LJM Saga Continues
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Nevada regulators reschedule hearing on Enron settlement costs
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Utilities:

PG&E supports call to reject Calpine's reorganization
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Mirant to Complete Settlement with Pepco
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Golf:

Bankruptcy Judge Will Soon Determine Fate Of Running Horse
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Bondholders punish buybacks, LBOs with debt rate adjustments
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Ohio coin assets sale should top $50 million
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MVRA trumps bankruptcy
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Autos:

Delphi to keep 3 plants in deal with No. 2 union
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Judge OKs Sypris-Dana deal
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Can Nardelli Fix What Ails Chrysler?
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Cerberus Hit a Home Run
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GM assumes up to $2B of Delphi's pension
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Some Delphi Packard workers say contract stinks
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Workers say other options just don't compare to Collins
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Chrysler fears edgy executives will bolt
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GM, Ford retirees lose benefits appeal
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Auto industry woes have a chain reaction
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Economy:

Fed Keeps Rate at 5.25%; Inflation Is Main Concern
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US Credit Markets End Day Unmoved By FOMC Decision
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The dog days on Wall Street may still bite investors
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Marking time until the meltdown
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Real Estate:

Slowdown Restricts Access to Home Loans
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American Home bankruptcy shows subprime pain spreading: bankruptcy lawyer
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American Home Mortgage's new chapter starts in bankruptcy hearing
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Dough not count out AHM - former Krispy Kreme executive hired as restructuring officer
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Subprime Lending: The Untold Story
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Fannie Mae to the Rescue
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US Sen. Dodd: GSE investment cap should be eased
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Easing Fannie rules might not help market, critics caution
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Optimistic financing needs reality check
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Commercial Paper Shows Some Stress
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Impac Stops Funding Alt-A Loans
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Chart: Stricken Lenders
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Homebanc exits US mortgage market
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Angry Homeowners Take to the Web
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S&P puts alt-A bonds on negative watch
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Luminent Shares Plummet
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Foreclosure Rates Remain High In Fla.
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MGIC says it can back out of Radian deal
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Clinton Brings Subprime Crisis To Forefront Of Campaign
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Clinton Proposes Lender Rules, Prepayment Penalty Ban
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Masco Corp. Drops 6 Percent
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Homeownership Rates Continue to Slip
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Lenders curtail or halt funding
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Subprime City Confidential
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Countrywide spread volatility to continue
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UBS Restricts Its Purchases Of Home Mortgage Loans
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Subprime Meltdown Spills Into Jumbo Loan Market
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Bottom Feeding
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Gloomy times for profiteers of foreclosures
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Luminent Mortgage plunges as it grapples with margin calls
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Houston mortgage company lays off workers
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Some 'relief' for NJ Affordable investors
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Democrats capitalize on mortgage crisis
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Toll Brothers' home-building revenue slips 21%
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Credit Worries Swirl Around GMAC
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Mortgage REITs Feel Squeeze
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Media:

The Media Group Files for Bankruptcy
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Turner Media points finger at EchoStar
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Food/Drink:

Future cloudy for BIOTA after court-ordered foreclosure sale
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Electronic Court Access:

Project Puts Bankruptcy Court Audio Transcripts Online
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Consumer credit up more than expected
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Perrott Bankruptcy, Part 2: Mysterious Packages and a Lot of Missing Money
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New Bankruptcy Opinions
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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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Hedge Funds:

New Frontiers in Bankruptcy
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Bear Stearns risks anger over hedge funds collapse
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Bear Stearns' Flesh Wound
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Bear Stearns Bonds Approach Junk in New Note Sale
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Hedge funds hit critical list worldwide
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Bear Stearns turns to 'super salesman' to restore faith in firm
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Goldman denies talk of Alpha fund liquidation
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Why Ex-Trader at Amaranth Is Crying Foul
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The world of hedge funds
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Layoffs:

Sun to cut jobs
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Layoffs begin at Wabash National
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Aviation:

Pinnacle Airlines earnings plummet
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Airlines lose when customers must wait
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NWA shares up 11% on upgrade
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Pushing back at Northwest
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Celebrity:

Calif. judge orders Simpson to pay Goldmans money from video game
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Old Jay fuming about new Jay & the Americans
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Assets of McLean's CPA to remain frozen
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Insurance:

Excess insurer not bound by primary settlement
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Horse Racing:

Spitzer as yet undecided about NY bidders
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Banking:

FDIC asks appeals court to drop $72.3 million fine
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Hurwitz pleads his case before appeals court
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UK:

Bankrupt Generation
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Football's fine line between silverware and insolvency
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Insolvencies may lead to more matrimonial settlements being attacked
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Russia:

Court extends Yukos bankruptcy process for three months
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Rosneft suggests reduction of YUKOS receivership term
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Rosneft buys YUKOS assets at auction
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Canada:

BCE Loses Bid to Move BNP Paribas Suit From Ontario to Quebec
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Harry Stinson's nightmare
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Adviser charged with $3M fraud
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New Zealand:

Receivers in talks about possible Provincial Finance restructuring
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Signs 'not good' for Signature creditors
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Germany:

WestLB Mellon venture freezes assets
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China:

China banking industry risk assessment upgraded by S&P
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Sub prime loan crises may affect some Chinese banks
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India:

'MNCs' entry in retail would lead to suicides by smalltraders'
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