July 30, 2007

Daily Bankruptcy News

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Law:

Skadden Enjoys U.K. Spotlight as High-Profile M&A Counsel
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Quitting in Droves
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X-Summers: Crab Stabber AKA Senorita Foulmouth
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BigLaw Firm Gets Leg Up on More Elbow Room in the City of the Broad Shoulders
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Small Firms Think Big When It Comes to Clients
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Lawyer Denied Referral Fee Over Lack of Client Consent
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Gonzales Controversy Heats Up
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Say What?!
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Juliane Balliro and the $101 Million Award
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Do Women and Minority GCs Settle for Less?
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After Feds Decline Request, Judge Appoints Lawyers to Prosecute Scruggs
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Schumer Says Senators 'Duped' By Justices
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In Intra-Circuit Splits, Which Decision Governs?
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BAR/BRI Publisher Socked With Another Class Action
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Lawyer of the Day: Lionel Hutz
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The Best Dentist-Related Lawsuit Ever
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May I Have A Continuance?
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Corporate Reform:

Joe Nacchio Gets 6 Years for Insider Trading
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Appellate team faces tough road, experts say
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Nacchio: All Hopes on Mahoney
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Judge: Greed toppled ex-CEO
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2nd Circuit: No Time Bar for WorldCom Bondholders
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Hey, analyst. I'll trade you a club membership for a good rating
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Days may be numbered for Boca businessman wrestling with the SEC
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Ex-Brocade chief Reyes lied on backdating, U.S. says
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The call Brocade jurors never got to hear
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Faux Juror Delivers Brocade Verdict
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Fitness:

Bally Total Fitness files for bankruptcy
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Utilities:

Calpine Weighing Alternative Reorganization Plans
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Chapter 11 Rewind: Calpine's New Plan
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Creditors concerned steam utility can't survive
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Health Care:

Point Therapeutics terminates executive team
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St. Vincent Given OK to Exit Ch. 11
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Activists Use Hearing on Medical-Caused Bankruptcy to Push for National Health Care
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The Ugly Truth About Canadian Health Care
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Toys:

No end in sight for clash of toy train companies
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Manufacturing:

Bridge Finance Group Commits $26.5 Million Financing Package to Help Rockford Products Corporation Focus on Business Operations
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Furniture:

Rose Furniture auctions off inventory
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Economy:

Cheapest Stocks in 16 Years Draw Investors Amid Rout
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Market's woes called 'repricing risk' as fears continue over mortgage defaults
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Md. bubble economy feels chill wind from nation's credit crisis
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Why Bernanke Won't Save Investors
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Credit fears drench investor confidence again
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Market meltdown aftermath
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Bankruptcy Crimes:

2 sentenced for bankruptcy fraud
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Bankruptcy Reform:

UST Director Reports to Congress on the Impact of the Utilization of Internal Revenue Service Standards for Determining Expenses on Debtors and the Court
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Bonds hit by credit market dip
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A judge rules in favor of fresh starts
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Autos:

Ford shares up on forecasts for faster turnaround
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Ford to give more data to Jaguar and Land Rover bidders
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Ford denies Jaguar split
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At long last, goals in sight for Mulally
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More Parts Producers Give Up on Auto Industry
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Ford's hefty $750M profit may not be a blessing
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Warranty company goes bankrupt, leaving car owners to foot repairs
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Planned Dana cuts get OK
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Plant closing delivers one more blow
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Future of Harley dealer in judge's hands
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Zetsche to Chrysler: Thanks and goodbye
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Enron:

Possible Enron settlement emerges
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Enron Says Firm not Fixing Wrong Payments to Ex-Workers
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Aviation:

American execs share the pain but not the gain
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Northwest Scrubs Hundreds Flights For Lack Of Pilots
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Tiger assets up for auction
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NWA says spike in pilot absenteeism forces flight cancellations
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Debt Collection:

Women assault debtor's wife
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Bankruptcy Statistics:

First-half WI bankruptcy filings rise
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Hedge Funds:

Arbitrators hit hedge fund manager with $76 million judgment
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Finance:

Credit mess likely to hurt leveraged buyouts
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Securitization: Clever Is As Clever Does
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'Asset-Light' Debt's Deep Risks
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Bye-bye easy LBOs, says bond guru
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Student Debt:

Lessons From the Loan Scandal
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The Profit and the Pauper
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Food/Drink:

Foreclosure again looms for BIOTA
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Former Le-Nature's plant is back on the market
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Refco:

Buyout Firm Hits Mayer Brown With $245 Million Refco Suit
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Layoffs:

Many laid-off employees knew little of WARN Act
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Banking:

Bank ratings intact despite LBO funding jam
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S&P paints a gloomy picture for big banks
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HSBC says profits up 13 pct, but bad debts jump
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Subprime fallout hinders bank deals
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Telecoms:

SunRocket Customers Get A Reprieve
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Financial Literacy:

Teaching Kids About Money
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Accounting:

PCAOB: KPMG Fell Behind on Testing
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Book Reviews:

Courting Failure: How Competition for Big Cases is Corrupting the Bankruptcy Courts
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Fear and Loathing in Middle America
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Retailing:

Eddie's wizardry can't help Sears
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McLean traded on friendship to get millions
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Consumers still clueless about credit
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The "Ride Through" Doctrine Rides Again: Ninth Circuit BAP Lets A License Agreement Ride Through Chapter 11
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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:

AHM Infected By Subprime Problems
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Subprime crisis shows signs of spreading
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Spillover
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The Subprime Mess: Let the Blame Begin
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Fannie Mae and Freddie Mac hold billions in subprime-backed securities
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The Real Estate Squeeze
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American Home Mortgage says faces margin calls
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Banks are latest to feel housing market's malaise
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The Worst Is Yet to Come
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One way out of a mortgage
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Trapped by a house
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US subprime crisis shows signs of spreading
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Realtors add to evidence of deepening housing slump
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Absolute Capital latest US subprime casualty
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Frustrated sellers turning to rent-to-own arrangements
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Founder to bid for company
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Subprime rout stings junk-bond fund
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Nobody should act surprised by housing market collapse
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Home mortgage defaults, foreclosures may pop S. Florida housing bubble
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Prospective homebuyers caught in mortgage squeeze
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Entertainment:

OP bank seeks $1M in assets from Wichita theme park
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Lead bank reinsures park rides
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European Shares Weaken As Credit Worries Linger
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Stocks Fall in Europe, Rebound in Asia After Global Sell-off
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UK:

Bankrupt 20000 caught in debts crisis
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The risks of rocket science
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Banks make £240m from 0% card holders
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Over-leveraged credit markets an accident waiting to happen
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Vulture firms circle beleaguered homebuyers
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Britain's banks face £1bn bill from charges revolt
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Memo tells bank staff to reject overdraft fee refund demands
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Canada:

Path cleared for Portus payouts
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The Bre-X Saga - A Verdict 7 Years In The Making
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Japan:

Japanese Stocks May Drop on U.S. Subprime Concerns
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Italy:

Prosecutors Seek To Indict 15 Bankers In Parmalat Case
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China:

China Orders Banks to Set Aside Bigger Reserves to Cool Economy
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Germany:

IKB stock slumps after warning on subprime impact
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Deutsche Bank Payday Burgeons on Subprime Trading Bet
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Russia:

YUKOS Trustee in Bankruptcy Asks for the Second Term
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New Zealand:

NZ economy 'especially vulnerable' to drop in house prices
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