July 12, 2007

Daily Bankruptcy News

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Law:

General Counsel Keep Close Watch on Associate Pay Hikes
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Allen & Overy profit surges 31 per cent to reach $2m PEP landmark
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The Jobless JDs
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Do-It-Yourself Forensics
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Ganging Up on the Lawyers
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Bush Orders Miers to Defy House Committee's Subpoena
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Ten Senior Donovan Hatem Lawyers Defect to LeClair Ryan
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How a Lawyer Saved His Sanity, One Meal at a Time
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Law schools need to do more to manage students' expectations.
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Why Partners Have No Sense of Humor
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Eversheds overhauls management team
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Law Firm Partnerships - The "Life Events" Of A Law Firm
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Updates on The Boys from the Bayou
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A Vitter Video Worth Watching
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Freshfields to face M&S disciplinary hearing next month
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Show Associates Love, Not More Money
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Say What?!
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11-lawyer firm actively seeks - and finds - a big firm to take it over
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Corporate Reform:

Jury in Conrad Black fraud trial gone home without reaching verdict
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Parsing the Partial Verdict
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Judge tells stalled Black jury to resume deliberations
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Real Estate:

Single-family starts to fall again in 2008, realtors say
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NAACP Sues Subprime Lenders
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Housing's Heartache Isn't Over
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Will Stocks Feel Subprime Sting As Debt Ratings Are Cut?
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U.S. Foreclosures Jump 87 Percent as Lending Practices Tighten
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Real estate woes taking heavy toll on Wall Street
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The Subprime Disaster: How Long Can the Experts Live in Denial?
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More Subprime Woes to Come
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Municipalities:

Bridgewater treasurer says town heading for receivership
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Autos:

Bankruptcy Court approves Tower sale to Cerberus
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Cerberus vows to hold on to Chrysler
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ASC's Creditors Push to Convert Case
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Big shareholder objects to Dana stock plan
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UAW boss evades queries on talks
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Debt Uncertainty Complicates Chrysler Deal
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Student Debt:

Sallie Mae says buyers believe takeover threatened
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House slashes student lender subsidies
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Hedge Funds:

Edwards Talks Tough on Hedge Funds
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SEC Asserts Authority to Sue Hedge Funds, Responding to Ruling
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Closing loophole, SEC says hedge funds can't commit fraud on investors
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Timber:

Carrier sues for $9 million: Grim outlook for creditors, employees
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Banking:

New Study Claims 'Abusive' Bank Fees
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Fitness:

Cleveland Athletic Club struggles to survive; bankruptcy recommended
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Entertainment:

Experts say Wild West World was doomed from start
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Accounting:

Big Four must prepare to lose market share
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Judge Kaplan's KPMG Dilemma
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Textiles:

Joan Fabrics Seeks Sell to Last Assets
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Religion:

Catholic Abuse Crisis Starts to Fade
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No settlement yet in lawsuit against Clinton's brother by bankruptcy trustee
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Private Equity Fund-Raising Jumps 42% in 1st Half of 2007
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Recent rulings by the Delaware Court of Chancery could slow the pace of some private-equity deals
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Cerberus exec sees buyout deal slowdown
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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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Refco:

The Refco Fallout Touches Two Law Firms
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Accountability called into question
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Refco examiner faults lawyers, auditors in collapse
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Refco Report Sheds Light on Collapse
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Chicago firms should be sued in Refco collapse: report
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Refco Bankruptcy Examiner Names Firms Likely to Face Lawsuits
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Publishing:

Family Of Nicole Brown Simpson Seeks Share Of OJ Book Rights
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Free July 12 Web Seminar: "The Ongoing Saga of Marshall v. Marshall: Beyond the Anna Nicole Headlines"
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Bulls Fiddle as Junk Bonds Burn
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Restructuring deals too complex, insolvencies seen
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Throwing a lifeline
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UK:

Creditors are in 'cloud cuckoo-land', says judge
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Eurotunnel says revenue up 7 per cent in first half thanks to higher traffic
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'I'm getting debt hassle, honey'
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Dearer Home Loans As Debt Crisis Deepens
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Bankrupted over your council tax bill
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Leeds face another day of reckoning
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Canada:

Creditors force bankruptcy
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Furniture Direct and Home Fashion Market furniture being sold off
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Russia:

YUKOS Bankruptcy Sorts Out Russia's Budget Problems
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Rosneft Grabs Yukos Assets, Gazprom Selects Total SA
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Yukos E. Siberian fields sold off to Rosneft for $230 mln
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Australia:

Andersen partners must pay
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