December 19, 2007
Daily Bankruptcy News
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Law:
SEC sues Mayer Brown partner over Refco collapse
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Mayer Brown derivatives chief charged with securities fraud
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Bonus Watch: O'Melveny & Myers (CA and DC)
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'Lowball' Bonuses at Some BigLaw Firms
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O'Melveny Dressed Down by Judge, but Cleared for MySpace Case
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$10 Million, for 'Services Rendered'
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Marty Lipton's Pricey M&A Advice (But Free Predictions)
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No $12M, No Problem: Law Firms OK $174M Contingent Fee
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Er ... maybe I should rephrase that ...
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Cutting Out Privacy in the Office
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Defense Lawyers Take Issue With 9th Circuit Ruling on Closing Courtrooms
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Some NY Lawyers Can Bring Their Cell Phones and PDAs to Court Again
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Julia Roberts Character Doesn't Cuss So Much, Thanks to Houston Lawyer
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Law Firm May Be Liable for Earlier Errors
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Ad Of the Year: Bingham's Bear & Baby
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Ave Maria Law Wants To Sell Its Naming Rights
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Federal judge: Web site is free to rate lawyers
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Mortgage GC Notes Interesting Times in Industry
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Oops - Judge Wasn't Sworn In, So Cases Must Be Retried
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"There is nothing in the Federal Rules of Civil Procedure to prevent a party from filing successive pleadings that make inconsistent or even contradictory allegations"
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Say What?!
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Wall Street:
Goldman Awes Investors
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More Hits to Morgan Stanley
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Bear Stearns Chiefs to Skip Bonuses
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Futures Dip Before Morgan Stanley Results
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Goldman's 'horrible' Nov. points to more credit losses
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Economy:
Summers, Greenspan on Economy
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ECB Credit Tap Opens With Record $502.5B
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Money Market Rates Fall for Second Day on ECB Action
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Fed Aims to Ease Credit Strains With Cash Auction
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Corporate Reform:
Chicago Lawyer Is Indicted On Refco-Related Charges
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Bankruptcy Crimes:
Attorneys make closing statements in bankruptcy case
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Fraud:
Fitness fiasco leaders sentenced
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Media:
Granite Hopes to Rock On
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Telecoms:
Nortel Pushes Vonage Towards Bankruptcy
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Aviation:
Judge approves sale of AEX Jet
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Historic Planes Sold At Auction
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Furniture:
Sales now under way in Levitz' last days
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Real Estate:
Fed Board Recommends Tighter Curbs on Subprime Loans
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Fed plan reins in dicey mortgage policies
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Fed Aims for Lending Fix
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Fed Tackles Subprime. Finally.
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Fed Will Limit Penalties on Prepayment of Subprime Mortgages
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November foreclosures take a dip
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Specter, Casey ask banks for info in Pa. mortgage fraud case
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Housing Starts, Permits Decline
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Homebuilders Decline
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Housing slump stalls Brasota distributions
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New home building off 3.7 percent in Nov.
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U.S. Economy: Starts Drop, Permits Reach 14-Year Low (Update2)
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Hovnanian, Home Builder, Posts Wider Loss
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Neumann Homes' creditors seeking $286.9 million
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Neumann troubles still haunt buyers
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First, do no harm
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Lawmakers in Snyder case seek updates from mortgage execs
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Manhattan Market Dips, but Parts Remain Rarefied
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Dwek will withdraw claim of slavery
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The Upside Of Subprime
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Mass Torts:
Federal-Mogul to Emerge From Bankruptcy
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Cash Management:
Court OKs Sale of Sentinel Securities
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Enron:
Enron Creditors reaches settlement with Deutsche Bank
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Insurance:
Insolvency Exposure For Professional Indemnity Insurers
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Finance:
Banks Study Bailing Out Struggling Bond Insurer
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Timber:
Mediation doesn't settle Pacific Lumber bankruptcy dispute
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Cash-flow crisis killing independent loggers
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Health Care:
Kessler emerges from bankruptcy
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Doctors' offices may go under the knife when Medicare reimbursements take a 10 percent cut
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N.Y. firm is only bidder for Pharmed lab
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Workers opting out of employer health coverage
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Forest Products:
Pope and Talbot alters auction plans
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Religion:
Church selling land meant for high school
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Corporate Governance:
More corporate execs concede to shareholder demands to avoid showdowns, possible ouster
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Mass Torts:
Cincinnati Enquirer on fen-phen scandal
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Tax:
Hundreds of US tax officials caught snooping at records
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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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Defaults to Quadruple as More Companies Cut to Junk
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Bankruptcy Reform:
Warren: A Plan to Clean Up the Subprime Mess
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Evidence:
Federal Rule of Evidence 502 and the Bankruptcy Lawyer
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Municipalities:
Florida Got Lehman Help Before Run on School's Funds
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States face huge funding gap for non-pension benefits
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Autos:
GM to Start Another Round of Buyouts and Seek Cheaper Labor
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GM raises prices
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GM offers buyouts to 5,200
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Detroit Revival Vies With Industry's Decline
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GM Starts First Phase of Buyouts
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Delphi Steering attracts another possible buyer
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Accounting:
Ex-BDO director loses job after PCAOB action
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Auditors pore over sub-prime accounts as year end nears
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Hedge Funds:
Bear Stearns to get trial over hedge fund money
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Bear Stearns Hedge Fund Manager Departs Amid Probes
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Distressed debt hedge funds to shine in 2008
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Goldman Hedge Fund Investors Pull $3 Billion
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Credit Cards:
Mastercard Faces Fines in Europe
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EU Orders MasterCard to Drop Fees
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Banking:
Asset lenders capitalize on credit crunch
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UK:
Rock crisis and credit crunch could cost taxpayers £70bn
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Jailed Lib Dem donor forced into bankruptcy
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Canada:
Tony hails new bankruptcy fund for workers
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TQS television network files for bankruptcy protection
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Trucking firm pursues bankruptcy protection
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Germany:
German business confidence slips
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China:
China to face headwinds of global slowdown
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Australia:
Centro Denies It Faces Bankruptcy
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Subprime casualty exits amid scrutiny
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