October 22, 2007

Daily Bankruptcy News

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Law:

UBS GC Speaks Out on Law Firm Fees
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Lawyers Make Leap From Biglaw to 'Pocket' Firms
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Grading the Firms
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Reversed Perk Watch: The K&L Gates 401(k) Memo
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Nothing to See Here, Please Move Along Watch: Latham & Watkins
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The Lawyer Bride Who Sued Her Florist
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Even Better Than Bonsai? Choate Hall Showers Offerees with iPods
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Seymour Lazar Totally Pleads Guilty
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Marrying Into the Legal Machine - Wedded bliss isn't necessarily in the cards when you marry a big-firm lawyer
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Dewey & LeBoeuf Skirts Issue of London Management
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Wachtell Lipton set for shock London launch
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Nixon Peabody Opens in London; Staffing Arrangement Is Unusual
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Heller's L.A. Chief May Be Headed to Milbank
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Coca-Cola Attacks Coughlin Stoia Over Lerach Guilty Plea
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New Study Suggests Veteran Advocates Sway Supreme Court
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The reverse Martindale Hubbell -- it's a client directory for lawyers
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Rules Unclear re Supervising Outsourced Indian 'Lawyers'
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What Direction Legal Outsourcing?
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Don't Send George Mason's Bernstein Bad "Law P---"
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Reed Smith's Foster gets Facebook fan club
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Baker & McKenzie Partner Charged With Stock Fraud
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Firm Gets Top 'Family-Friendly' Nod
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Confidence Dips at U.K. Firms as Credit Squeeze Hits, but Partners Predict Growth
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Suing to Abolish Unpublished Appellate Court Rulings
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'I Was a Teenage Law Student'
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$75 Million Suit Says Seyfarth Bungled IP Case
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BigLaw Partners Slapped With $50 Million Malpractice Suit
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Keeping Score With Those (Underpaid?) M&A Dealmakers
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Dress Code for 'Scruffy' Law Profs
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Selection of counsel in foreign countries
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Sometimes dollars don't make sense
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A New Name for Boalt Hall
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Economy:

The Gloomsayers Should Look Up
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Third of businesses hurt by credit crisis
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US Companies See More Slowing in Housing, Growth
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Greenspan-Crisis was accident waiting to happen
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Greenspan: Current account 'not a huge problem'
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One World, Taking Risks Together
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Panic of 1907 pales in comparison to risks of global market
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Why modern finance costs Paulson sleep
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Health Care:

Copperweld VEBA cash running out
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Doctors Try Prepaid Plans
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Culver City Hospital Faces Bankruptcy, Closure
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Westside hospital expected to seek bankruptcy protection
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Nursing Home Buyouts Draw Scrutiny
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Hospitals vying for Pascack coverage
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Hospitals on the line
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Committees:

Best Practices For Creditor Committees
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Art:

Salander Hearing Airs Art Claims, Likely Bankruptcy
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Mass Torts:

Clean up docket sweeps away 200 Madison County asbestos cases
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Forest Products:

PALCO bankruptcy-related timberland ordinance returns to board agenda
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US venture deals fewer in number, bigger in size
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Autos:

Chrysler UAW Contract Rejected by Bigger Union Locals
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Close Vote Seen on Chrysler Contract
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Prospects fade for union approval of Chrysler deal
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UAW Locals Split on Chrysler Agreement
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UAW grip on pay scales is loosened
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Dana refines amount of repayments to unsecured creditors
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Delphi delays bankruptcy hearing
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Delphi Bankruptcy Exit To Be Reportedly Delayed To Early 2008
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Banking:

After years of setting aside less for bad loans, time for some serious catch-up
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More loan losses to come
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Bank lending to businesses has risen surprisingly fast, but the outlook for lending looks less promising. If banks cut back, it could cause a full-blown credit crunch, hurting the already slowing economy
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U.S. banks face one-two credit punch
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World Bank chief calls for new direction for lender
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World's Top Bankers Reserve Judgment on $80 Billion SuperSIV
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Bankers saw crisis coming, but were powerless
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The toughest CFO job in the world
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The Downside of Progress Hits the Banking Industry
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Senior bankers call for loans shakeup
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Wall Street:

Wall Street faces earnings avalanche
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Bear Stearns, Citic to Form Partnership
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FTSE down on U.S. growth fears
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A resurgence of concern about the health of the U.S. economy pushed Asian stock markets sharply lower
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With Wall Street Slowing, Uncertainty Descends
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Accounting:

Oversight board lightens its load
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Pensions:

Feds take over Werner pension plan
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Federal pension support isn't like welfare
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Food/Drink:

Teamsters give Interstate Bakeries' CEO a vote of no confidence
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Chemicals:

Solutia: Credit Crunch May Up Loan Cost
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Religion:

San Diego priests asked to donate a month's salary to lawsuit payoff
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$25 million short
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Tax:

Tax Hike Bill Is on Its Way
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Bounties boom for IRS tattlers
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Mining:

Bankruptcy court approves raise for Asarco CEO
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Golf:

City Of Fresno To Decide This Week If They Will Buy Running Horse
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Bankruptcy Reform:

Bankruptcy Reform Bites Back - For consumers, debt relief is harder to come by. And that's adding to housing woes
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Court Access:

Bankruptcy Hearings Come to Your iPod
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Asset Protection:

Thinking About Hiding Assets Overseas?
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Enron:

Natwest Three in plea bargain talks
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Sovereign Debt:

Vultures threaten debt-relief deal
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Prisoners' Debt: An Underappreciated Problem
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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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Prebankruptcy Waivers: The Price to Pay for Workouts?
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Real Estate:

Who's to blame? Is it the guy with 70 houses?
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Time to start blaming Realtors?
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Women and the subprime crunch
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A Troubled 'Ownership Society'
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Hit By The Boom
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The second coming of subprime?
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Buyers Pounce on Deals as Homes Go on the Block
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Mortgage Security Bondholders Facing a Cutoff of Interest Payments
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Countrywide's Mozilo's actions may not be illegal, just heartless
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Judge freezes assets of Pa. mortgage broker under investigation
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Unlike residential building, commercial construction boom expected to continue
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Lajitas Resort still on the market
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Queen Mary hits barrier to sale
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Oil & Housing: A Volatile Combination
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Levitt & Sons suspends home building
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Celebrity:

In humble Queens, Lou Pearlman was king
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Child support, bankruptcy trail former NBA player Caffey
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Collectors Attempt to Recover Dead Man's $40 Million Debt
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Pavarotti's wife and daughters 'amazed' by opera star's shocking £12m debts
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Auctions:

High profile auctioneers indicted for felony charges
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Hedge Funds:

Goldman takes lead in race for Cheyne
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Rating Agencies:

S&P wants to bring enterprise risk into its ratings
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Corporate Governance:

For Boards, CEO's Fate Can Be Tough Call
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Telecoms:

Tough Times for Telecom Gearmakers
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One more lawsuit may spell the end for Vonage
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Aviation:

Political winds may give airline mergers lift
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Kitty Hawk gets flying orders
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Hedge funds worry Delta pilots union
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UAL looks at service charges to bag revenue
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Software:

SCO vs. Linux: Costly German lawyers
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Corporate Reform:

Say-on-pay critics warn of problems
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US charges Xybernaut, Ramp ex-officials with fraud
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Exemptions:

Trustees Can Take Hostages! - They're Called "Exemptions"
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UK:

Coming Out of the Closet, About My Bankruptcy
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Bankruptcy for ex-Man Utd ace
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Banks keep defrauded customers in the red
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Property repos to hit 1992 levels
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Canada:

Legislature to review Polar Foods collapse
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Norbourg bankruptcy trustee reaches agreement with Fragasso
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Europe Feels Housing Chill
(WSJ: separate paid subscription required)

 

 

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