July 13, 2007

Daily Bankruptcy News

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Law:

Spam filter costs lawyers their day in court
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About That Huge Salary: It's a Long Shot
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GCs' New Gold Watch
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Associate Salaries: Do We All Get What We Pay For?
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Lawyer Biography of the Day
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Pay Raise Watch: Paul Hastings to 180 In London
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Is the Milberg Weiss Indictment Hypocritical?
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US says Milberg Weiss partner literally passed money "under the table"
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'Freshfields threatened by heavyweight partners'
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Nine People File $1.3M Lawsuit Against Globe-Trotting TB-Infected Lawyer
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Pants-Suit Plaintiff to Judge: Please Reconsider
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Working 9 to 5: Is Part-Time Doable in BigLaw?
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Law Firms Use Strategic Teams to Master the Marketplace
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Young Conaway Bankruptcy Section Ranks First in Delaware in 2007 Chambers USA Rankings
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Does It Pay to Be Married In Biglaw?
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Saving ESI With 'Litigation Hold' Letters
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BALCO Lawyer Gets 30-Month Prison Term
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The Virtual Assistant: Every Lawyer Needs One!
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Life after law
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What Differentiates the Rainmaker?
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Judge Walton "Perplexed" Over Critique Of Libby Sentence
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Paul Hastings raises London associate salaries to £90k
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Wigs Off for U.K. Civil, Family Judges
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Dress For The Part
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Say What?!
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Student Debt:

Sallie's Suitors Get Cold Feet
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Health Care:

Point Therapeutics cuts staff, eyes bankruptcy
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Creditor asks for Monsour's property
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Investigation Into Ambulance Company Ends Without Criminal Charges
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Inyx Chairman & CEO Jack Kachkar Approved as Debtor-In-Possession Lender for Inyx Subsidiaries
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Reopened Santa Paula Hospital recovers nicely
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Profit doesn't belong in discourse about health care
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Utilities:

Calpine, creditors settle over $282 million claim
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Publishing:

Judge delays Simpson book settlement
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Municipalities:

Marion Bank Accounts Frozen
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Layoffs:

Longaberger Lays Off 113 At Headquarters
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Mass Torts:

9th Circuit reverses pretrial ruling in W.R. Grace case
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Aviation:

UAL Can't Stop Pilots' Pension Suit Against Union, Judge Says
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Will it be harder to get credit?
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The Museum of Bankruptcy (scroll down)
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Autos:

Bankruptcy judge OKs Collins & Aikman shut-down plan
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UAW juggles outside pressure
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Auto Executive No Longer Advises Cerberus
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Corporate Reform:

Black fraud trial moves into 12th day of deliberations Friday
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Agonizing waiting game for Black
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Finger pic gets the thumbs-up
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Options 'Giveback' Settlements Could Become Trend
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Broadcom Options Probe Shifts to Ex-CEO
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Charges Expand Options-Backdating Case
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Retailing:

Tweeter Accepts $38 Million Purchase Bid
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Food/Drink:

Rancho De Andallusia Files for Ch. 11
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Justice Dept: sell off BIOTA
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Hedge Funds:

Congress shows no haste on private equity taxes, hedge funds
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Sydney hedge fund hit by global debt wobbles
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Big Hedge Fund Mystery Solved
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Fitness:

Downtown Athletic Club Facing Bankruptcy
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Derivatives:

Banks, brokers pay higher price for volatility
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Refco:

Refco creditors eye Mayer Brown 'fraud' action
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Court-Appointed Examiner Blows The Whistle on Mayer Brown In Refco Case
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Auditors Could Face Refco Suits
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Examiner's Report
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Religion:

Land deal is voided, builder says
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Church shuns talk of assets
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Accounting:

Defense Cost Estimates Offered in KPMG Case
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Anna:

Judge Freezes Cash Sought in Dispute With Ex-Lawyer in Anna Nicole Smith Case
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Enron:

NatWest Three 'discover key evidence'
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Entertainment:

If it sells, Wild West is likely to go cheap
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Park's abrupt close no big deal
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Wild West World and other rolls of dice
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Top Queen Mary suitor drops out
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Predatory Lending:

Let's Make a Deal
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Youth Debt:

Generation M Mindful of Creditworthiness
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Banking:

The buyout boom faces a potential challenge from waning demand for risky bank loans
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The Flip Side of Twist Cap: Letters of Credit as Executory Contracts in Bankruptcy
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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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Real Estate:

Foreclosure activity rises dramatically
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S&P corrects multibillion-dollar mortgage bonds overstatement
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Four Subprime Lenders Caused Most of Bond Downgrades
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U.S. Urges China to Buy Mortgage-Backed Securities
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Fresno-area foreclosure rate triple the national average in June
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GE Plans to Seek Buyer for Subprime Mortgage Unit
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Rates on 30-year mortgages rise
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Foreclosure fund to aid borrowers
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CDOs Lose Marbles; Credit `Kerplunks!': Mark Gilbert
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Lawyers Having Legal Field Day After Subprime Loan Collapse
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The robbery of the century
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Probe Sought on New Century, KPMG Deal
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Ratings agencies scramble to reassess subprime risk
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House GOP Bill Would Require Mtge Broker Registration
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Bill introduced to limit abusive lending practices as housing market worsens
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Various U.S. First-Lien Subprime RMBS Classes Downgraded
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Meadowlands Project Totters, but Failure May Not Be an Option
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Lenders set to foreclose on 1.8m borrowers in sub-prime crisis
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Fitch Warns On 170 Subprime Bond Deals, CDOs
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HUD to Eye Mortgage Policies at Lenders
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States add their legal teams to subprime probes
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CCI owner plans to sue Coast Bank
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Energy:

Earth Biofuels Investors Push for Ch. 7
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The Party's Over
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Celebrity:

Boy band mogul to stay in jail
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Bankruptcy Statistics:

Utah bankruptcy filings are up 25% for first 6 months
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Saying No to an LBO
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Consumer Bankruptcy in Europe
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UK:

KPMG in firing line over Leeds sale
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League refuses to approve Leeds sale
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The Insolvency (Amendment) Rules 2007 (provisionally expected to come into force on 6th August 2007) and Companies - The Insolvency (Amendment) Rules 2007 (provisionally expected to come into force on 6th August 2007)
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'No pay for 6 weeks - then they fired us'
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Australia:

Debt levels become more desperate
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Canada:

Stock tanks as Toronto dry cleaner seeks court protection
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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