December 4, 2007

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

 

Law:

Why the US's top law firms are betting big on bankruptcy
(DBN Subscription Required)

Greenberg Traurig Grows Bankruptcy, Litigation Practice in Central Florida with Soriano Addition
(DBN Subscription Required)

Is the Law-Firm Bonus System Economically Irrational?
(DBN Subscription Required)

Associate Bonus Watch: Linklaters Matches
(DBN Subscription Required)

Pay Raise Watch: Alston & Bird Raises
(DBN Subscription Required)

Associate Bonus (and Nationwide Pay Raise) Watch: Something's Afoot at Fulbright
(DBN Subscription Required)

Law Firm Leaders Predict Belt-Tightening Ahead
(DBN Subscription Required)

"We can't beat the donkeys any harder"
(DBN Subscription Required)

'Smaller' Client Claims Reed Smith's Big-Client Focus Led to Inflated Bills
(DBN Subscription Required)

Mintz Levin Establishes Practice Group Dedicated To Subprime Market Crisis
(DBN Subscription Required)

Law firm team targets mortgage mess
(DBN Subscription Required)

'Greylord' prosecutor to head Jones Day office
(DBN Subscription Required)

So Why Does Weinstein Get all the Good Cases?
(DBN Subscription Required)

Are Mid-Sized Boutiques a Dying Breed?
(DBN Subscription Required)

Skadden Who? BigLaw Little-Known Among U.K. Law Students
(DBN Subscription Required)

Firms Lend Associates to Clients
(DBN Subscription Required)

Tired of the Firm but Not Ready to Bolt? Try a Secondment!
(DBN Subscription Required)

Creativity's No Curse for a Lawyer Fond of Verse
(DBN Subscription Required)

Sticker-Shocked Law Firms Win $600,000 Judgment Over Copying Costs
(DBN Subscription Required)

Ad Targeting Improves on Web Sites
(DBN Subscription Required)

Skadden Partner Dies After Drug Search
(DBN Subscription Required)

Jenner & Block to Close Its Dallas Office
(DBN Subscription Required)

The Firm That Came in From the Cold
(DBN Subscription Required)

Tidal Wave of Lawyers Nears, Bar Applications Forewarn
(DBN Subscription Required)

It's Party Time for Mr. Scruggs
(WSJ: separate paid subscription required)

Grisham on the Scruggs Case
(DBN Subscription Required)

Scruggs Updates
(DBN Subscription Required)

Giuliani's Law Firm Lobbied for Bill Considered Threat
(NYT: separate free registration required)

Pricey Perks Risk Miami Attorney's Job
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Under-performing partners are being targeted as law firms look to improve profitability
(DBN Subscription Required)

Judge of the Day: Cheryl Aleman
(DBN Subscription Required)

______________

Autos:

GM Sales Tumble as Ford Has Rare Gain
(DBN Subscription Required)

Ford and GM Plan to Trim 2008 Output
(NYT: separate free registration required)

Merging GM And Ford
(DBN Subscription Required)

Economy hammers automakers
(DBN Subscription Required)

Carmakers warn of tougher times ahead in US
(DBN Subscription Required)

US Nov Auto Sales Weak Amid Fuel, Credit Woes
(DBN Subscription Required)

Delphi: Credit crunch hurts plan to leave bankruptcy
(DBN Subscription Required)

Delphi Seeks To Extend Chapter 11 Control Through March
(DBN Subscription Required)

UAW contracts may have national ripple effect
(DBN Subscription Required)

______________

Municipalities:

Florida fund woes causing few muni ripples
(DBN Subscription Required)

Florida's Pension Fund Holds Same `Suspect' Debt as Frozen Pool
(DBN Subscription Required)

______________

Utilities:

Calpine Equity Panel Rejects Ch 11 Plan
(DBN Subscription Required)

Buffett Bets On Utilities Sector
(DBN Subscription Required)

______________

Retailing:

Big A Drug Stores selling California stores
(DBN Subscription Required)

Eddie can't whitewash Sears' troubles
(DBN Subscription Required)

______________

Wall Street:

Goldman, Merrill, Lehman Estimates Cut by JPMorgan
(DBN Subscription Required)

Morgan Stanley's Cruz, a 25-year vet, could exit bank with $72.2 million
(DBN Subscription Required)

Corporate dividends begin disappearing act
(DBN Subscription Required)

Wall Street Falls on Mortgage Unease
(DBN Subscription Required)

Japanese Stocks Fall 148.78 Points
(DBN Subscription Required)

European Bonds Advance for Second Day as Global Stocks Decline
(DBN Subscription Required)

Wall Street set to fall as banks weigh
(DBN Subscription Required)

______________

Banking:

Citi, HSBC moves signal bank SIV's end
(DBN Subscription Required)

______________

Credit Counseling:

Credit counseling as a "negotiation"
(DBN Subscription Required)

______________

 

Economy:

Paulson Says Subprime Loan Plan to Ease Economy Risks
(DBN Subscription Required)

U.S. Notes Fall on Speculation Bets for Fed Rate Cuts Overdone
(DBN Subscription Required)

Yellen Sees Risks to Spending From Market 'Turmoil'
(DBN Subscription Required)

Manufacturing Grows at Slower Pace (Update1)
(DBN Subscription Required)

First Contraction in Credit Manager's Index Adds to Recession Fears
(DBN Subscription Required)

Waiting on a Cut
(DBN Subscription Required)

NACM Credit Manager's Index Report for October 2007
(DBN Subscription Required)

Economic train wreck in the U.S.
(DBN Subscription Required)

FedEx chief says global economy in trouble
(DBN Subscription Required)

______________

Real Estate:

Subprime Relief May Aid Only a Few, Analysts Say
(NYT: separate free registration required)

US puts heat on lenders to freeze rates
(DBN Subscription Required)

Congress is about to do for the subprime industry what its Sarbanes-Oxley legislation has done for the securities industry
(DBN Subscription Required)

Pact on easing mortgage crisis seen this week
(DBN Subscription Required)

'08 housing outlook bleak
(DBN Subscription Required)

Home Shortages Expected in 2009
(DBN Subscription Required)

Poorer neighborhoods hit hardest, but wealthy, middle class also squeezed
(DBN Subscription Required)

Many with good credit got risky loans, study finds
(DBN Subscription Required)

Countrywide CEO says bankruptcy not an option
(DBN Subscription Required)

Countrywide CEO backs government aid
(DBN Subscription Required)

Union calls for Countrywide Bank boycott
(DBN Subscription Required)

Fannie Mae could face more losses
(DBN Subscription Required)

Novastar soars 69 percent, prompts NYSE request
(DBN Subscription Required)

NovaStar keeps quiet, and stock soars
(NYT: separate free registration required)

Hawaii home prices have flattened out
(DBN Subscription Required)

Richardson Calls for Mortgage, Credit Reforms
(DBN Subscription Required)

US housing slump expected to be worst since World War II
(DBN Subscription Required)

Lennar dumps 11,000 home sites for 40 cents on dollar
(DBN Subscription Required)

Housing Bubbles, Credit Crunches and the Broken American Dream
(DBN Subscription Required)

Condo bankruptcy fight club
(DBN Subscription Required)

Ex-Couples Find That It Isn't as Easy as It Used to Be To Get Out of Their Loan
(DBN Subscription Required)

______________

Enron:

Hewitt sued over error in Enron plan allocations
(DBN Subscription Required)

Lay's estate to his heirs or the government?
(DBN Subscription Required)

_____________

Health Care:

Aliquippa hospital sold; future uncertain
(DBN Subscription Required)

______________

Accounting:

Accounting board views hybrid securities as liabilities, which may limit their use by companies
(DBN Subscription Required)

Verifone Market Value Drops By Half; Profit Restated
(DBN Subscription Required)

______________

Religion:

Davenport diocese to pay $37M in bankruptcy case
(DBN Subscription Required)

______________

Food/Drink:

Jays' bidder covers health insurance
(DBN Subscription Required)

Jays factory to close
(DBN Subscription Required)

Judge to rule on Jays Foods sale
(DBN Subscription Required)

______________

Stock Brokers:

E*Trade's Bailout Draws Boos
(DBN Subscription Required)

E*Trade raises its rates for customers -- desperation?
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Ohio bankruptcy filings up from a year ago
(DBN Subscription Required)

______________

Horse Racing:

Jockeys' Guild told little aid is likely
(DBN Subscription Required)

Guild plans to work with industry on jockey issues
(DBN Subscription Required)

Jockeys' Guild Ends Health Care
(DBN Subscription Required)

Bruno blasts Silver, Spitzer over NYRA
(DBN Subscription Required)

______________

Politics:

Economy Moves To Fore as Issue
(WSJ: separate paid subscription required)

Governor Bill Richardson Proposes Fix to Foreclosure Crisis
(DBN Subscription Required)

Obama offers plan for averting credit trouble
(DBN Subscription Required)

Obama lashes out at credit card 'predators'
(DBN Subscription Required)

Ted Kennedy In Support Of Hard-Working American Families
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
(DBN Subscription Required)

_____________

NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

UST:

U.S. Trustee Program Playing Tough With Countrywide, Others
(DBN Subscription Required)

______________

When Startups Shut Down: A Venture Capitalist Reflects On Why Early Stage Businesses Fail
(DBN Subscription Required)

Credit Rating:

Fitch moves into line with Moody's over risk of more defaults linked to collateralization
(DBN Subscription Required)

Moody's may cut ratings on $105 billion of SIVs
(DBN Subscription Required)

______________

M&A:

Cerberus' troubled deals taking bite out of returns
(DBN Subscription Required)

Cerberus, H&R Block end mortgage deal
(DBN Subscription Required)

Debt Reckoning Is Also Looming for LBO Shops
(WSJ: separate paid subscription required)

M&A value tumbles despite increased deals
(DBN Subscription Required)

______________

Credit Cards:

Congress Vs. Credit Cards
(DBN Subscription Required)

Senate set to scrutinize BofA rates
(DBN Subscription Required)

______________

Hedge Funds:

A Lurid Aftermath to a Hedge Fund Manager's Fast Life
(NYT: separate free registration required)

______________

Bankruptcy Prediction:

Predicting Debt
(DBN Subscription Required)

______________

Aviation:

Unhappy United mechanics move for Teamsters vote
(DBN Subscription Required)

US Airways Saga Proves Mergers Only a Band-Aid
(DBN Subscription Required)

Trouble On The Horizon For US Airlines
(DBN Subscription Required)

Mileage programs continue downward spiral
(DBN Subscription Required)

______________

Corporate Reform:

SarbOx exec pay clawback could scratch Dell
(DBN Subscription Required)

Subprime turmoil has potential to have same disastrous aftermath as Enron
(DBN Subscription Required)

The next great backdating trial
(DBN Subscription Required)

Officers Who Conceal Backdating, Beware
(DBN Subscription Required)

Buffett Is Named as a Witness in the Fraud Trial of 5 Insurance Executives
(NYT: separate free registration required)

Greenwood troubled by impact of reform law
(DBN Subscription Required)

______________

Celebrity:

Knievel's Legacy Charged With $12.75 Million Debt
(DBN Subscription Required)

_____________

UK:

Discover to take big charge for UK card business
(DBN Subscription Required)

Rock suitors fight to get upper hand
(DBN Subscription Required)

Rock bidders line up amid Virgin jitters
(DBN Subscription Required)

Bankers face inquisition by MPs over Rock
(DBN Subscription Required)

Nabarro and White & Case win coveted hedge fund roles on Northern Rock
(DBN Subscription Required)

City braced for administration
(DBN Subscription Required)

Citigroup tells MPs subprime losses have far exceeded profits
(DBN Subscription Required)

Huge debt 'tip of the iceberg'
(DBN Subscription Required)

3-4 South Sq scores magnificent seven on Metronet insolvency
(DBN Subscription Required)

______________

Germany:

German Bank Acts to Help Its Programs Tied to U.S. Mortgages
(NYT: separate free registration required)

______________

China:

The coming China crash
(DBN Subscription Required)

______________

Korea:

Banks to Extend Emergency Loans to Construction Firms
(DBN Subscription Required)

______________

EU:

European Economy Suffering From Subprime Fallout, Officials Say
(DBN Subscription Required)

______________

Canada:

Ontario braces for ABCP blow
(DBN Subscription Required)

______________

 

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com