August 9, 2007

Daily Bankruptcy News

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Law:

Court Benchslaps Adorno & Yoss
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Large New Jersey Firms Approve Midyear Pay Hikes for Associates
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Pay Raise Watch: More on King & Spalding
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Freshfields Germany ups associate pay
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Perk Watch: Firm Retreats
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A Heartfelt Farewell to Greenberg Traurig
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Clifford Chance launches review of early retirement deals for partners
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GCs Offer Lawyers Tips on Wooing Corporations
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Banking giants in adviser diversity drive
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Small Calif. Boutique Grows, Eschews Mergers
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X-Summers: The Claw
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2nd Circuit Rebukes Arbitration Panel for Limiting Fee Award
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Alito Finds Questions Difficult
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Where Have All the Securities Class Actions Gone?
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What Lawyers Can Learn From Paris Hilton
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More Firms Hike Associate Salaries
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Associates at Some Firms Say Their Satisfaction Is Soaring
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Trophy Prank Cost: Law License & More
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Crazy Plaintiffs Who Sue the Dry Cleaners Need Not Apply
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Say What?!
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Lawsuit of the Day: Greer v. 1-800-Flowers
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Greer v. 1-800-Flowers: An Update
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Gambling:

Trump casinos lose for second year in row
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Hedge Funds:

Bear Stearns tries to allay client fears
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Will Bear's Woes Eat Into Brokers' Wallets?
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Damage control at Bear Stearns is priority for Schwartz
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AFL-CIO Lobbies for Higher Taxes on Hedge Funds, Buyout Firms
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All Locked-up
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Aviation:

Delta pilots say airline owes them $100 million
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NWA says 1400 have applied for pilot jobs
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Celebrity:

Items from Pearlman's mansion, business empire to be part of second auction
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Paper:

Pope & Talbot explores last ditch capital raising
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Health Care:

BMC is on the brink
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Current system leaves too many Americans on brink of disaster
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Food/Drink:

At foreclosure, BIOTA plant sold to UPS
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Credit markets rally, corporate borrowers make hay
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Autos:

Delphi reports $821 million loss in 2Q
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General Motors is on track to reach its $9 billion cost-cutting target in 2007, its financial chief said, but the auto maker is looking for "further reductions," including more benefits from its blue-collar attrition program
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GM Trims 2007 US Industry Sales Forecast
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Ford expects drop in industry sales
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Dura goes private in new plan
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Real Estate:

BNP Paribas Freezes Funds as Loan Losses Roil Markets
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CBRE Realty Finance suspends new investments
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Wilbur Ross Looks to Subprime
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Anxious Builders Pile On Incentives
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Mortgage Applications Rise
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Mortgage Firms Face Fresh Fights, Give Up or Sell Out
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Home sales headed for 5-year low, realtors say
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NovaStar, National City, and Aegis on Shaky Ground
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Homebuilders Reach For The Bottom
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Builder Seeing 'Different' Housing Slump
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Delta Financial Slumps After Mortgage Lender Postpones Results
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Five Mortgage REITs Said at Risk
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Luminent Gets Default Notices
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Subprime impact on US financial firms limited -IMF
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Money Funds May Hold Subprime, Too
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Subprime `Tsunami' Hits Asset-Backed Commercial Paper Market
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Impac Says It Expects to Weather US Mortgage Slump
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The Implode-O-Meter & the Law
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Clinton proposes $1 billion to help with home foreclosures
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GMAC Mortgage Unit Faces More Costly Credit Protection
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A realtors' group again lowered its forecast for existing U.S. home sales in 2007
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Utilities:

Lawrence utility seeking bankruptcy
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Economy:

Bush backs markets to ride out crisis
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Bush Faults Easy Money for Volatility
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More than half of Americans are uncomfortable making a major purchase over the next three months
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Religion:

Uncovering Child Sex Abuse: A Stand-Off with the Catholic Church
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Avoidance Actions:

9th Circuit Holds Trustee Bringing Preference Action Not Opposing Party in Creditor's Counterclaim Action
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Buyout backlog threatens big banks
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Investors get third chance to prove InterBank case
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Receiver appointed for 12 Percent Fund; angry investor asks judge for default
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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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Bankruptcy Reform:

Clinton and the Bankruptcy Law
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Bankruptcy History:

Perrott Bankruptcy, Part 3: Lord Mansfield and Hidden Banknotes
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Refco:

Bankruptcy Trustee Sues Big Investor in Refco
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Publishing:

Central Plains files Chapter 11
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Golf:

New Buyer for the Running Horse?
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Student Debt:

Debt a bitter pill even for a future doctor
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Corporate Reform:

SEC hits up First Bancorp for $8.5 million as subprime probes continue
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Broadcom Ex-CEO's Adviser Faces Charges
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Profiting From The Meltdown
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UK:

DB Mortgages pulls sub-prime range from market
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Shock credit insurance statistics
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Bank warns of 6% interest rates by Xmas
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Rapid rise in women going bankrupt
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London shares down early on, sentiment hit by WestLB bankruptcy
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Businesses harden attitudes towards bankrupts
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Deutsche Bank pulls UK subprime loans
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Israel:

Heftsiba CEO's property held in Israel
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Some Heftsiba construction to be completed
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Russia:

Court puts Yukos shipping subsidiary under external management
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Brazil:

Number of bankruptcies in Brazil fall by 29.1% in the first half
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Brazil airline Gol posts loss on crisis, Varig
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Korea:

Bank of Korea Unexpectedly Raises Key Rate to 5%
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Australia:

Parliament approves bankruptcy legislation
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