December 7, 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:

Judge Rejects Race Bias Suit Against DLA Piper
(DBN Subscription Required)

Pity the Poor Partners?
(DBN Subscription Required)

When $250,000 Is Not Enough
(DBN Subscription Required)

Lawyers Salaries Projected To Rise 5.4 Percent in 2008
(DBN Subscription Required)

Firm leaders braced for tough 2008
(DBN Subscription Required)

Bonus Watch: Associate Compensation Overhaul at Boies Schiller? (And They're Going to Jamaica This Weekend)
(DBN Subscription Required)

A Crash Course for Surviving the Real Estate Market's Nosedive
(DBN Subscription Required)

Another Argument in Favor of Working in London
(DBN Subscription Required)

Study Shows In-House Costs Are Rising Faster Than Those for Outside Counsel
(DBN Subscription Required)

What Clients Think of Lawyers
(DBN Subscription Required)

The Mess In Mississippi: Are the Katrina Legal Fees In Play?
(DBN Subscription Required)

Woman Charged With Hiring Hit Man to Kill Lawyer's Wife
(DBN Subscription Required)

Just the FACTS, Ma'am
(DBN Subscription Required)

The Lawyer Bride Who Sued Her Florist: She's Back!
(DBN Subscription Required)

Law firms can go to extremes with holiday parties
(DBN Subscription Required)

Justice Scalia On the O.J. Simpson Case
(DBN Subscription Required)

Can You Speak Smarter Than a Fifth-Grader?
(DBN Subscription Required)

Barry Bonds's Legal Team: Who's On First?
(DBN Subscription Required)

Lerach: Fallen Plaintiffs Lawyer Emerging As Pundit
(DBN Subscription Required)

Magna Carta for Sale - To Highest Bidder
(DBN Subscription Required)

Time for Cameras: Those who are interested shouldn't have to line up overnight to watch Supreme Court debates
(DBN Subscription Required)

LA Law: Firm Files Injury Suit for Lanky Model
(DBN Subscription Required)

How Not to Succeed in Law School
(DBN Subscription Required)

Beware the Long Arm of Delaware Over Out of State Lawyers Practicing Delaware Law
(DBN Subscription Required)

______________

Economy:

Pessimism Is Growing in Executive Suites
(NYT: separate free registration required)

U.S. four-week jobless claims highest since Oct. 2005
(DBN Subscription Required)

______________

Corporate Reform:

UnitedHealth's Former Chief to Repay $600 Million
(DBN Subscription Required)

'NatWest Three' Deal Re-Ignites Plea Bargain Debate in the U.K.
(DBN Subscription Required)

SEC Probes More Merger-Rumor Trades
(WSJ: separate paid subscription required)

______________

Banking:

Rabobank bails out SIV
(DBN Subscription Required)

Rabobank to Take on $7.6 Billion of Tango SIV Assets
(DBN Subscription Required)

______________

Municipalities:

Florida Fund Meltdown: Bad To Worse
(DBN Subscription Required)

Florida Fund Reopens, Has $1.2 Billion of Withdrawals
(DBN Subscription Required)

______________

Autos:

Dana says Burns to remain CEO post-bankruptcy
(DBN Subscription Required)

Dana Announces Board of Directors
(DBN Subscription Required)

York, ex-auto execs to run Dana board
(DBN Subscription Required)

Delphi creditors, shareholders OK plan changes
(DBN Subscription Required)

Highland Capital may offer alternative bid for Delphi
(DBN Subscription Required)

Auto loan delinquency rises, another sign of stretched consumer
(DBN Subscription Required)

______________

Awards:

Attorney Recognized For Pro Bono Efforts
(DBN Subscription Required)

______________

Religion:

The Blessed Second Life of Beliefnet
(NYT: separate free registration required)

Complex matrix to help determine diocese payouts
(DBN Subscription Required)

Some parishes will be asked to help pay
(DBN Subscription Required)

______________

Stock Brokers:

E*Trade's not-quite-full disclosure of its deal with Citadel
(DBN Subscription Required)

Citadel To Handle E*Trade's Lucrative Order Flow
(DBN Subscription Required)

______________

Health Care:

CEO of Haven Healthcare took firm's money for personal use
(DBN Subscription Required)

Pharmed headquarters close to sale
(DBN Subscription Required)

Hospital gets more time to file bankruptcy plan
(DBN Subscription Required)

______________

Student Debt:

First Marblehead Showing Cracks?
(DBN Subscription Required)

______________

Politics:

Clinton, Edwards bash Bush's mortgage plan
(DBN Subscription Required)

______________

Trustees:

New Section 1104(e) May Not Be a Ticking Time Bomb After All
(DBN Subscription Required)

______________

 

 

Real Estate:

Bush announces deal to freeze mortgage rates
(DBN Subscription Required)

House prices 'seen falling 30%'
(DBN Subscription Required)

Warren: Slick Deal for the Banks
(DBN Subscription Required)

Lawless: Show Us the Fine Print!
(DBN Subscription Required)

Battle Lines Over Mortgage Plan
(WSJ: separate paid subscription required)

Mortgage Policy Conflict at the Wall Street Journal
(DBN Subscription Required)

S&P Weighs in on Bush's Borrower Rescue Plan
(DBN Subscription Required)

Bad Mortgage Medicine
(DBN Subscription Required)

Analysis On Mortgage Relief, Who Gains the Most?
(NYT: separate free registration required)

Tough to calculate mortgage winners
(DBN Subscription Required)

Homeowner bailout is a lousy idea
(DBN Subscription Required)

A Marshall Plan for Mortgages
(WSJ: separate paid subscription required)

Bush Touts Subprime Plan Faulted for Coming Too Late
(DBN Subscription Required)

What the Mortgage Bailout Means For You
(DBN Subscription Required)

Paulson: Avoiding foreclosures in interest of all
(DBN Subscription Required)

Californians fear Bush's plan disqualifies too many people
(DBN Subscription Required)

Paulson Subprime Fix Is Cheered by Democrats, Panned by Right
(DBN Subscription Required)

Treasury's Paulson says investor lawsuit risk of foreclosure plan is 'manageable'
(DBN Subscription Required)

Moral Hazard Cited as Bush Acts on Loans
(DBN Subscription Required)

Bush Subprime Plan: Too Much or Too Little?
(DBN Subscription Required)

Bush's plan for an interest rate freeze get an icy response
(DBN Subscription Required)

Mortgage plan only a small first step
(DBN Subscription Required)

D.C. lenders not part of mortgage deal
(DBN Subscription Required)

Countrywide, Lennar, MGIC Rise on Subprime Freeze
(DBN Subscription Required)

Lenders should modify mortgages, regulators say
(DBN Subscription Required)

Fed Updates Congress on Possible Housing Crisis Fixes
(DBN Subscription Required)

US Foreclosures Hit Record
(DBN Subscription Required)

US Mortgage Delinquencies Rise to 20-Year High
(DBN Subscription Required)

Toll Brothers Posts First Loss in 20 Years
(DBN Subscription Required)

Delta Financial to File for Bankruptcy
(DBN Subscription Required)

Countrywide Isn't Out of Woods Yet
(WSJ: separate paid subscription required)

Fannie prices record $7 bln preferred stock deal
(DBN Subscription Required)

Dozens indicted in Houston mortgage fraud case
(DBN Subscription Required)

How to protect against a homebuilder's bankruptcy
(DBN Subscription Required)

Secondary mortgage market still closed to many
(DBN Subscription Required)

Hot Land Sales Offset Housing Glut
(WSJ: separate paid subscription required)

Troubled home builder's sale has surprise benefit for boss
(DBN Subscription Required)

Loan mess was avoidable - Lax standards, greed force the administration to intervene to avoid complete meltdown
(DBN Subscription Required)

More lenders on life support
(DBN Subscription Required)

'Termination' of Lease Interpreted Broadly
(DBN Subscription Required)

______________

Bankruptcy Reform:

Bush intervention may slow mortgage plans
(DBN Subscription Required)

Mortgage intervention should extend to relief in bankruptcy courts
(DBN Subscription Required)

______________

Furniture:

Levitz Furniture closing all 76 stores
(DBN Subscription Required)

______________

Aviation:

Anger at 30000 feet
(DBN Subscription Required)

Air France and Air One move on Alitalia
(DBN Subscription Required)

Champion Air Faces Uncertain Future
(DBN Subscription Required)

______________

Celebrity:

McLean's trustee sues over iconic instruments
(DBN Subscription Required)

______________

Accounting:

Court Declines To Hold Auditors Liable for Failure To Include Ongoing Concern Qualification
(DBN Subscription Required)

BDO International boasts 20% fee gain
(DBN Subscription Required)

______________

Utilities:

Southern Co. Wants More From Witness Who Knew Less
(DBN Subscription Required)

______________

Mass Torts:

Firm loses bid to fight ruling in asbestos case
(DBN Subscription Required)

Ohio asbestos reforms - Here comes the court challenge
(DBN Subscription Required)

______________

Mining:

Feds enter claim against smelter
(DBN Subscription Required)

______________

Interest:

Allocation of Nondebtor's Payment to Interest Before Principal Violated Bar on Collection of Post-Petition Interest
(DBN Subscription Required)

______________

Chapter 11 Petition Filed Days Before Expiration of Holdover Tenancy Constitutes "Bad Faith"
(DBN Subscription Required)

 

 

 

New Bankruptcy Opinions
(2 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

Moody's sees sharp rise in defaults in 2008
(DBN Subscription Required)

Is the United States on the Brink of Bankruptcy?
(DBN Subscription Required)

Retailing:

Retailers Post Gains, but They May Be Brief
(NYT: separate free registration required)

US Retailers May Struggle to Boost December Sales on Prices
(DBN Subscription Required)

Mixed Report Cards For Retailers
(DBN Subscription Required)

Rumor: CompUSA going out of business in January
(DBN Subscription Required)

Hancock Fabrics gets filing extension
(DBN Subscription Required)

Kohl's predicts trouble for December
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Arizona bankruptcy rate rises
(DBN Subscription Required)

New Yorkers hit by growing debt
(DBN Subscription Required)

______________

Manufacturing:

Rockford Products Wants Ch 7 Case
(DBN Subscription Required)

______________

Hedge Funds:

Ritchie Funds Delay Asset Auction
(DBN Subscription Required)

Senate Blocks U.S. Tax Shift to Buyout-Firm Managers
(DBN Subscription Required)

Bankrupt Cayman Islands hedge-fund clients file new claims
(DBN Subscription Required)

SEC probes bank investments in hedge funds
(DBN Subscription Required)

______________

Bankruptcy Crimes:

Juries convict WY couple of bankruptcy fraud
(DBN Subscription Required)

SF couple sentenced to prison for bankruptcy fraud
(DBN Subscription Required)

Defendant admits to errors, not fraud
(DBN Subscription Required)

______________

Publishing:

How Solvent Is Tribune Co.?
(DBN Subscription Required)

______________

Third Party Releases:

Release of Chapter 11 Plan Proponent Overbroad and Impermissible
(DBN Subscription Required)

______________

Food/Drink:

Senate candidate Andy Martin says Jays potato chip employees, Illinois consumers have been abused by Snyder's of Hanover
(DBN Subscription Required)

LeNature's insurer wants out
(DBN Subscription Required)

______________

Committees:

Creditors' Committee Lacks Standing to Seek Equitable Subordination
(DBN Subscription Required)

______________

Software:

SCO: The Boies Schiller Application Takes a Step Forward
(DBN Subscription Required)

_____________

Intellectual Property:

Actual Test and Footstar Approach Govern DIP's Ability to Assume Patent and Technology License
(DBN Subscription Required)

______________

UK:

Northern Rock nationalization moves closer as Flowers pulls out
(DBN Subscription Required)

Olivant Proposes Northern Rock Deal
(WSJ: separate paid subscription required)

Olivant Seeks to Raise $1.6 Billion for Northern Rock
(DBN Subscription Required)

Bankruptcy viewed as an escape to young people
(DBN Subscription Required)

Eurodebt launches partnership with Debt Distress for advisers
(DBN Subscription Required)

BCCI group proposes two-day limit on opening arguments
(DBN Subscription Required)

Solicitor struck off after collapse of business
(DBN Subscription Required)

______________

Sweden:

Sweden's ScanMining files for bankruptcy
(DBN Subscription Required)

______________

Thailand:

Huge fine forces TPI Polene to seek restructuring delay
(DBN Subscription Required)

______________

Germany:

German Personal Bankruptcies Rise
(DBN Subscription Required)

Germany's neo-Nazis face bankruptcy moves
(DBN Subscription Required)

______________

Canada:

NDP: Shield laid-off workers
(DBN Subscription Required)

At CIBC, the bad old days are back
(DBN Subscription Required)

______________

Norway:

Black Humor Pervades Norway as Subprime Losses Extend to Arctic
(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