November 2, 2007

Daily Bankruptcy News

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Law:

McDermott Will to Add Lower-Paid Associates
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McDermott's Assoc. Tiers Twist: The B Team
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Bonus Watch: Milbank Matches
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Bonus Watch: Kirkland & Ellis Says See Ya in December
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Bonus Watch: Davis Polk Matches
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Bonus Watch: Paul Weiss Matches
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Philadelphia Bar Approves Best Practices for Retaining, Promoting Women
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Bush Says There Might Not Be an Attorney General if Mukasey Nomination Fails
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"Lawyers. Billing. Hours."
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Global Firms Brace for Chill in Asia
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The Very Busy Cohen Milstein
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Legal Networking Site Triples Users as Top Firms Sign Up to Share Advice
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Green Light for Legal Malpractice Suit - Charter Communications claims a law firm wrecked its purchase of another cable company and asks for $150 million in damages
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State of the Legal Market
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Small-town lawyer launches magnificent website
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Arnall Golden Gregory Holds the Line on Associate Pay
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Two NY BigLaw Leaders Match Cravath Bonuses
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Law Firms Backing Away From Affiliate Businesses
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Ethics Ruling Addresses Outsourcing
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Top 10 Ethics Traps - and Escape Routes
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First-Hand Accounts of the Fires
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Circuits Wary of Plan for Policing Federal Bench
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Firm's associates risk poisoning
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Anonymous Lawyer
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Say What?!
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Rich Lawyers Behaving Badly Kick Sand in Each Other's Face Over Fees
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Allen & Overy on track to hit £1bn at half-year
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Slaughters dishes out associate pay rises
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Pay Daze
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Lawyers too dull to be on TV
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Man convicted of sexually assaulting bike
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Hedge Funds:

Bear Stearns CEO denies WSJ allegations
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Bear Stearns Gets Smoked
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House to Vote on $49.5 Billion Hedge-Fund, Buyout-Firm Tax Rise
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Deals With Hedge Funds May Be Helping Merrill
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IRS probes hedge funds and private equity firms for possible tax abuses
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Banking:

Citigroup Falls to Four-Year Low After Analyst Cuts
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Downgrades Send Citi's Stock Sharply Lower
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Citigroup capital under scrutiny
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Citi: That Sinking Feeling
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Black-Hole Banking
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Major trading losses on the way for banks as shares tumble
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Horse Racing:

IRS Seeks $1.6B From NY Racing Body
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IRS wants $6.5 billion in taxes, penalties from bankrupt NYRA
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NYRA denies IRS claims
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Pick a winner, horsemen urge state
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Celebrity:

Aaron Carter Takes Pearlman To Court
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Autos:

Chrysler, Ford tumble as US Oct auto sales down
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Chrysler cuts four models, up to 10000 hourly jobs
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Harsh business reality sets in
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Chrysler slicing 1 in 3 jobs
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Cuts at Chrysler raise anger, fears at UAW
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Workers understand but dislike decision
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Job Cuts at Chrysler Go Even Deeper Than Expected
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Chrysler Cuts Could Hurt Ford
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Amended Delphi reorganization plan rejected by Equity Committee
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Ford mulls Jaguar bids
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Ford workers fret as issues prolong talks
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Religion:

Judge's tears, rebuke close case
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Real Estate:

Cuomo Charges Crush WaMu
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Cuomo: E-mails tell tale of collusion on real estate appraisals
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Cuomo cites jurisdictional issues over WaMu
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WaMu suspends relationship with appraiser
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First American sued in mortgage appraisal probe
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Foxtons listings go to highest bidders
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A last way to escape foreclosure
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Magnus queried over pay to execs
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NC foreclosures up by 62 percent
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Woman fights American Home Mortgage in court
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Neumann ends bankruptcy watch
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Q3 Foreclosures 2 to 4 Times Above Last Year
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Debris from broken dreams piles up
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Publishing:

Newspapers will report steep circulation drops
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Oil/Gas:

Big Trouble for Big Oil
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Aviation:

Airline, pilots torn by success
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Tax hike in Kitty Hawk exit called last resort
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Kitty Hawk enters "grey" area
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Mesa's Not Quitting Hawaii
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Enron:

Bank seeks additional $2.7 million from Enron
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Debt Collection:

How discharged debts can be revived
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Prisoners of Debt
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Bankruptcy Reform:

To tell the truth
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Moody's Economist Favors Bill for Home Mortgage Modification in Bankruptcy
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M&A:

Corporate execs grow sour on M&A for 2008
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Accounting:

E&Y worldwide revenues hit $21.1bn
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Health Care:

Barnert Hospital may be resuscitated
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Deal may add BMC garage sale
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QMed considers bankruptcy protection
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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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Economy:

Credit Crunch: More To Come
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Straining under 'piling on' of costs
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Manufacturing, Consumer Spending Slow
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More Signs of Employment Plunge
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Payrolls grow by strong 166,000 in Oct.
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Fed Pumps $41B More
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Income Data Hints at Underlying Economic Strength
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Retailing:

US retailers at risk if holiday season weak
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Wall Street:

In Wild Swing, Stocks Give Up Rate-Cut Gains
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An ethical problem at Merrill Lynch?
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Video Rentals:

Blockbuster Goes Bust
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Rating Agencies:

Being Kept in the Dark on Wall Street
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Mining:

Settlement with mining company could mean millions for cleanup
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Art:

District Attorney's Office Searches Art Dealer's New York Home
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Corporate Reform:

O'Neal's $161 Million Merrill Payout May Spur `Say-on-Pay' Bill
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Case Against Ex-Brocade Exec Keeps Shrinking
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White Collar Prosecutions Lowest In 20 Years
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Bankruptcy Prediction:

Credit Risk: Who's Going To Go Bankrupt? Visa and Experian, are hoping to expand upon their already considerable inroads by teaming up to develop credit risk management products and services
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UK:

Official Figures Show Fewer Going Bust
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Insolvency drop 'calm before the storm'
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PwC warns of troubled period for borrowers
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Insolvencies down by 5%
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Three more banks to seek judgments against Lynn
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Rock racks up debts of £23bn to the Bank
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Highlands goes into insolvency
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Canada:

Montreal university on verge of bankruptcy
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A 'bleak Christmas' to hit the forest industry
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BC adviser accused of stealing $30 million from clients
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Pope and Talbot stirs things up in the House
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Grads who wind up sick or out of work go through student loan hell
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Russia:

YUKOS bankrupt's estate announced
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Yukos bankruptcy receiver to appeal Dutch court's ruling
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Japan:

Foreign teachers stranded
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