July 16, 2007

Daily Bankruptcy News

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Law:

Firms, Some Very Reluctantly, Feel the Pressure to Merge
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BigLaw Firm Mourns Partner's Death on Vacation
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How Dream Team Lawyers Can Bring Nightmare Bills - And Indifferent Results
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Firm Outsources IT, Lays Off Staffers
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Latest Milberg Twist: Cash Under Table at HoJo's?
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The History of Allen & Overy: 1930 - 1971
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The livin' is easy for summer associates
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Summer associate warms to law work
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Small-Firm Founder Has a String of Accusers
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Freshfields managing partner admits second age dispute
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Freshfields' Pension Plan Sparks Age Discrimination Claim
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Say What?!
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Judge Jacobs: I will not read judicial opinions
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High Court Loss Prompts Malpractice Claim Against McGuireWoods
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Need Evidence? Try Asking Google
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How One Part-Time Lawyer Leads a Very Full Life
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Seagal sues law firm
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Florida Lawyer Playing Hardball in Little League Dispute
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Outsourcing Expert Witnesses?
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Reed Smith closes on legacy Richards Butler HK arm
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Publishing:

OJ Simpson Now Shy About Using His Name on "If I Did It" Book
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Stick a fork in OJ book, experts say
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Audiobook seller goes silent
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Religion:

Catholic Church avoids abuse trial with LA deal
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Catholics Call Sex Abuse Deal 'Fair'
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Senior Debt:

Bankruptcy looms over many elderly
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More seniors going broke
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Celebrity:

'Miami Vice' star in legal battle with lender
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Enron:

PUD to pay $18 million to settle Enron dispute
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Utilities:

US Trustee says Calpine plan not ready for vote
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Economy:

E&Y sounds alarm on profit warnings
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Higher cost of debt rippling through markets
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KPMG warns on M&A market peak
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Student Debt:

Sallie Mae Holders Furious At Flowers
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Autos:

Ford preparing to sell Volvo unit
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Ford denies talks to sell Volvo
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No wage cut for Delphi's lawyers
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Detroit Three, UAW gear up for grim talks
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Lear shareholders to vote on Icahn deal
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Corporate Reform:

Conviction puts Black in toughest spot yet
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Jurors in Black Media Trial Speak Out
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Conrad Black 'not guilty' say jurors
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What Americans Need To Know About Conrad Black
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No media sympathy for Black in verdict's wake
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Black has already hired lawyers for appeal
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Lord Fraud
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Black failed to grasp the US way
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For Conrad Black, a Downfall Shaped by Many Battles
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Black trial casts a pall on plea deals
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Conrad Black's wife a loyal, but potentially detrimental, presence in court
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Conrad Black could now face prison - and bankruptcy
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Black likely to remain free on bail until sentencing
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'Gloves are off' for Black
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Black victims want compensation
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Black's conviction presents latest deterrent against CEO misdeeds
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Health Care:

Former hospital workers await pay
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Red ink hospital to go green
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Municipalities:

What Is Act 47?
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Media:

Deal keeps Internet radio from being muted
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Real Estate:

No Bankruptcy Protection for Homeowners
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Bankruptcy Surge
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Warren: A Way Out of Homeowner Hell
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Laughlin Ranch files bankruptcy
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Agencies Cut Bulk of Subprime-Backed Bonds
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Moody's and Standard & Poor's Faux Subprime Downgrades
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Lawyers eye raters, underwriters in subprime cases
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Foreclosures keep tight grip
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Housing troubles begin to snowball
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700 Short Sales Under Way In Phoenix Area
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The Fallout of Subprime Loans
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Subprime quagmire ensnares the wealthy, too
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Wave of foreclosures hits homeowners across nation
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GE seeks buyer for subprime mortgage unit
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Some lenders unscrupulous in approving mortgage loans
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Would-be Queen Mary operator abandons attempt
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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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Banking:

More Aggressive Commercial Loans, More Defaults
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Office Loan Defaults Likely To Rise
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Overdrafts rise, and banks are making more on fees
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Wall Street:

Wall Street wakes up to more risk
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Stocks in U.S. Poised for 10 Percent Drop, Options Bets Show
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Stocks to ride robust earnings wave
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Accounting:

$44 Million: One Former KPMGer's Estimated Cost of Defense
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Nine out of ten auditors witness fraud
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Golf:

Trump, Evans 'very close' to a deal
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Food/Drink:

Nature's Sunshine under scrutiny
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Credit Cards:

Consumer revolving credit jumped significantly in May
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Emotion Often Trumps Reason in Card Use
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Akron Thermal adviser faces court scrutiny of fee
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Akron Thermal asks judge to declare lease valid
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Brokers Wilt in Debt Market's Heat
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US or Europan model for consumer bankruptcy?
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UK:

Bankruptcy is the biggest taboo
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Metronet faces administration
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Leisure and Retailing Business Failures Soar
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Kidnapped and tortured by loan sharks
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Austria:

BAWAG Bank Scandal Trial Gets Under Way
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Russia:

Government saves petroleum companies from bankruptcy
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Spain:

Consumer Bankruptcy in Europe: Spain is Different!
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Canada:

Too many Canadians think credit will always be cheap
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