July 9, 2007

Daily Bankruptcy News

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Law:

Executives Rank Law Firms on Service and 'Arrogance'
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Firm Raises Seattle First-Years' Pay to Match New York
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Ex-Freshfields Partner Sues Firm to Test Age Discrimination Law
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Skadden Raises To... iPhones!
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Big Law Firms Have Faith in Big Churches and Big Billings
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Shhh! Pro Bono's Not Just for Liberals Anymore
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Supreme Court Justices Hit the Road for the Summer
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Ethics Opinion Allows Attorneys to Work With Nonlawyers to Create Business
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More on Oona O'Connell
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Calif. Lawyers Sue Over Pay
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Lawyer Reprimanded for 'Vulgar' Comments About Judges
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A Deal for the Public: If You Win, You Lose
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Standoff Over Fired U.S. Attorneys Intensifies
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Schools across the country are teaching less about the law and more about lawyering
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Former Law Dean Claims Her Firing Was Retaliation
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Say What?!
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Outsourcing Law
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Judge Who Lost $54M Suit Not Giving Up Pants Fight
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Lawyer hopefuls stress over test
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Can Lawyers Afford Not to Play the Rankings Game?
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Reality TV Star Lawyers
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Ex-Corporate Head at Milberg Weiss Joins Moses & Singer
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Cost-conscious Honeywell to cut back on law firms in Europe
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Has the Merger Hurricane Passed, or Is This the Eye of the Storm?
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Who Says Lawyers Can't Rock?
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No Discipline for 'Best Lawyer' Claim
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Lawyer Arrested for Videotaping Female Colleagues
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Lawyer of the Weekend: Peter Barta
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Corporate Reform:

Judge Grills Prosecutors in First Stock Option Backdating Trial
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Conrad Black Jurors May Have More Than Just Guilt To Determine
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Jewelry:

Creditors search for convicted jewelers' assets
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Golf:

A Creditor In Running Horse Wants Foreclosure Auction Now
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Mass Torts:

Bankrupt firm wins $449M victory
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Faster WR Grace Ch 11 Exit Sought
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Utilities:

Calpine: Hearing date set to consider approval of settlements
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Fitness:

Bally shareholders' plan would nix stock
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Bally Dissenters Step Up
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Hedge Funds Muscle In on Bally's Bankruptcy Plans
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Economy:

U.S. economy may struggle to achieve projected growth rate
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U.S. Rebound May Be Bumpier Than Fed Expects as Credit Tightens
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Tall ship goes on the auction block today
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Clipper sailing a new course
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Autos:

UAW Reaches Agreement with Dana
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Supplier's Chapter 11 exit might take months
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Delphi details shrinking UAW
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Shifting pension benefits to UAW protects workers
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UAW Pact With Dana Signals Softer Stance
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Wall Street Downshifts GM Forecasts
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GM's check engine light is flashing once again
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Real Estate:

Subprime CDO Losses Could Reach $52 Billion, Credit Suisse Says
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Increasing Rate of Foreclosures Upsets Atlanta
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Few foreclosures for NO
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Subprime fallout wafting toward Wall St.
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Why Haven't Home Construction Jobs Disappeared?
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Q1 Subprime Market Sees Big Drop, Shifts
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Bank will foreclose on Kara project
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Subprime mortgage saga: Home gone, inheritance lost
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When Foreclosure Threatens, Beware the Bird Dogs
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Nonprofit housing agency in bankruptcy
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Riches seen in Rag Shop leases
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Equity Stripping: The Housing Bubble Dupes Again
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Subprime Securities: the Next Billion Dollar S&L Crisis
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No Housing Bottom in Sight
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Subprime Ho-Hum
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Celebrity:

Pearlman's return steeped in irony
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Accounting:

PricewaterhouseCoopers Settles Fraud Suit With Tyco for $225 Million
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Accounting Change Has Lawyers Busy
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Investors ignore accounting scandals
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Aviation:

NWA's flagging morale
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Northwest flight attendants call on CEO Steenland to resign
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Northwest's rebuild just got tougher
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Flying the angry skies
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Association of Flight Attendants Distribution Completes Post Bankruptcy Unsecured Claims Paid to Northwest Contract Employees
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Canada 3000 lessors lose court appeal
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Health Care:

Rural areas struggle to provide health care
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Southeast Carries On Despite Shortages
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Hospital group rejects system and cashes in
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Hedge funds defend InSight Health's changed bankruptcy plan
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Enron:

Six-years and counting, as couple wait for an end to Enron drama
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Retailing:

M&K's Assets to be Auctioned
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Publishing:

Could OJ's book see daylight?
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Orleans lawyer to stay in jail, bankruptcy dismissed
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'Motorola': Absolute Priority Rule, FRBP 9019 Settlements
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Banks, Brokers Aren't Ready for More Globalization
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New Bankruptcy Opinions
(1 new opinion 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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Religion:

Archdiocese seeks a settlement as 500 sex abuse cases head for trial
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Bank Seeks Permission to Foreclose on Sherman Allen's Church
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Warren: Are Mormons Different?
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Food/Drink:

Plan for Olympia brewery falls flat
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Bankruptcy Statistics:

IN bankruptcy Filings Rise in 2007
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Financial Literacy:

Teach the Children
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Finance:

Leveraged finance market 'unsustainable'
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Student Debt:

College-aid officials 'hear outcry'
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Colleges fear debt puts damper on donations
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Waste:

Sanitec Industries Files for Bankruptcy
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Bankruptcy Reform:

Judge Easterbrook Doesn't Get Hung Up by the Hanging Paragraph of "the 2005 Act"
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Moody's slams private equity
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Clinton Brother Is Set To Settle With Bankruptcy Estate
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UK:

Bates: We won't go without a fight
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When the crash happens, one man is waiting to pick up the pieces
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KPMG sells Kwik Save stores
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Surprise buyer for IVA firm
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Barclays looks to exit sub-prime lending as FSA sounds alarm
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More people have loans that risk homes
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Stiff loan deals put debtors on the streets
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U.K. Banks Rein In Risks of Bad Debt
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Russia:

Debt-Laden YUKOS Raises Rosneft's Debt by $4.5 Bln
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Australia:

Credit card reliance blamed for bankruptcies
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New Zealand:

Anatomy of a financial disaster
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Serbia:

New Bankruptcy Mafia arrest
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India:

Dream farms turning into nightmares
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Seeds of debt sow suicide in India
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