October 16, 2007

Daily Bankruptcy News

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Law:

Catching Up to The New Market for First-Year Salaries
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BigLaw Firm Dances Away From Lockstep, And Its Not Alone
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Baker & McKenzie chairman demands strategy rethink
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The Client is Always Right
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Affairs, Forgery, Car Chases, and Other Fun Stuff
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The Heller Ehrman Layoffs: Don't Believe the Spin?
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Are You "Super," a Specialist - Or a Lawyer?
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Decline in Trials Impacts Midrange Law Firms
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Milberg - Lazar Agrees to Plea Guilty; Weiss Wants NY Trial
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More Milberg Weiss Pleas Are Likely
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Law Students Navigate Interviews and Cross-Country Travel to Get a Clerkship
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BigLaw Finds Associates Make Good Guinea Pigs for Technology
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The Skadden Gays: Out and Proud, or Tacky and Loud?
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Michael Clayton
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After Screwing Up Case, NY Lawyer Busted for Faking Judge's Order
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BigLaw Firm Names National Marketing Partner
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Attorney Defends Work for Defunct Bank, Says He Was Fooled by Former Execs
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Say goodbye to 1-800-flowers.com lawsuit
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Libeled Judge Faces Ethics Charges for Letters to Publisher
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Now, corporate power is also dictating law firms' environmental practices
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Cert Pool Clerks Getting Stingier While Docket Shrinks, Study Says
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Is There Life After Law?
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Are Brighter Days Ahead for Litigators?
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How to Make Associate Development Happen
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Banking:

US banks start fund to protect credit market
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Fund for credit market seen as modest first step
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Behind The Banking Rescue
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Behind the Citigroup rescue
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Banks get burned again and again by cheap funding
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U.S. sues Lloyds TSB Bank, Bank of Cyprus
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Verizon Says It Turned Over Data Without Court Orders; Firm's Letter to Lawmakers Details Government Requests
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Aviation:

Kitty Hawk files for bankruptcy, again
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Cirrus weighs bid for bankrupt aircraft-manufacturing competitor
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Federal Judge Unclots Path for Deep Vein Thrombosis Suits Against Airlines
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Horse Racing:

Jockey's Guild files bankruptcy
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Cash Management:

Customer losses top $200 million at Sentinel, auditor finds
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Sentinel losses put at up to $350 million
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Lawyer quit before Sentinel collapse
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Sentinel client sues top executives
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Economy:

Life is harder now, some experts say
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Bernanke: Housing Woes to Slow Growth
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Agriculture:

Class war and the Farm Bill
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Software:

SCO Asks to File Severance/Benefits Info Under Seal in Bankruptcy Case
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Stricken SCO to lay off 16 workers
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Autos:

GM cuts $47 billion in health-care liability with UAW pact
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GM job costs to plummet
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Chrysler Tentative Accord Wins Union Board's Approval
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UAW Negotiator Urges a `No' Vote on Chrysler Deal
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Union leaders approve Chrysler deal amid rank-and-file dissent
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Ford, UAW pledge teamwork on company turnaround
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UAW looks for job security, healthcare from Ford
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Dura Asks for Payment for Departing Exec
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GM Rally Loses Steam as Labor Details Emerge
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Delphi and Calpine Bondholders Undermined by Subprime Seizure
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Layoffs:

Time Warner's AOL Internet Division to Cut 2000 Jobs
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AOL Layoffs Highlight Time Warner's Quandary
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Mass Torts:

Jackpot denied
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Reno Jury Awards $99 Million in Punitives in Wyeth Drug Case
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O'Quinn personally liable
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Hedge Funds:

Ex-hedge fund manager sentenced in NYC
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SEC Sues NY Hedge Fund For Allegedly Improper Short Sales
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Fixing the greed in private equity
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Absolute gaining support for fund restructuring
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Cambridge Place moves to block withdrawals
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CFTC Turning On FERC In Amaranth Enforcement Case
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Wall Street:

Stressed Out on Wall Street
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Stocks Retreat Amid Bad Debt Worries
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Wall Street faces credit crunch fraud allegations
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Bankruptcy Reform:

The Terrible Twos? A Look At BAPCPA's Impact On Business Bankruptcy
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Accounting:

Auditor liability and caps get a hearing in Washington
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Nortel settles accounting fraud case with US SEC
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Avoidance Actions:

Former brothers-in-law sue dead millionaire's lawyer for fraudulent transfers
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Health Care:

Bad Debt, Charity Care Set Records at Michigan Hospitals
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Movie Industry:

Movie Gallery files for Chapter 11 bankruptcy
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Oil/Gas:

Petro heads for Chapter 11
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Pensions:

Fees Under Fire
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The Next Shoe to Drop?
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Uncertainty hangs over shadowy investment vehicles
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One SIV To Rule Them All - When Bankers Collude, Who Wins?
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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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Student Debt:

Sallie Mae Falls on Concern Bid Will Get Bogged Down
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Real Estate:

'King of Bankruptcy' sees subprime revival
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O'Neal Deemed Subprime CEO as Mortgages Mar Merrill Earnings
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Beazer Offers Bondholders Cash Incentive To Avoid Default
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Loan Modifications . . . Where is the Decider?
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Attorneys see need for mortgage reform
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Judge: American Home Unit Threatened
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Foreclosures hit record high in metro Atlanta
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Housing market flame-out may burn us all
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You'll have to jump through hoops to modify your onerous mortgage
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Builders Turn to Credit Repair
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Tony 'burbs will feel foreclosure bite
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End of easy credit points to fundamental shift for property market
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USA Capital investor vents anger
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Celebrity:

Mystery Pearlman Documents Could Reveal Hidden Assets
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Judge tells Pearlman lawyer to release records
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Michael Jackson Ordered To Pay Overdue Lawyer Fees
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OJ Simpson Co-Defendant to Plead
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Corporate Reform:

Say-on-pay law could mean lawsuits galore, Oxley says
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HP agrees to options-backdating settlement
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A Big Backdating Settlement in Mercury Class Action
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'Thanks for the Disclosure,' says Mercury Foe
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In-House Counsel, Beware!
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What Makes an Ethical Executive?
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Food/Drink:

Jays S. Side plants may shut for good
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Credit Cards:

The Myth That Consumers are Drowning in Debt
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Students Try To Cut Credit Card Dependency
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Religion:

Brom asks Catholics to help pay settlement
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UK:

Sinking Like A (Northern) Rock
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Creditors push families to brink
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Allen & Overy: 'We have no conflict on Northern Rock'
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Northern Rock bosses face MP grilling
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Calm before the storm - profit warnings remain steady in Q3 but outlook remains turbulent says Ernst & Young
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Japan:

'Mr. Yen' warns of further subprime credit woes
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Germany:

German bank hit by subprime crisis slashes results, directors leave
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Cayman Islands:

Insolvency regime improvements welcomed
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