October 24, 2007

Daily Bankruptcy News

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Law:

How Big a Raise Can You Expect Next Year?
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Mark Wege, Edward Ripley Join King & Spalding's Insolvency Practice
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Have No Fear, the Damsels For Distress Are Here!
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Key Heller Partners Jump Ship
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Going to Heller in a Handbasket?
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Are Lower Billables Start of a Trend?
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More Firms Cut or Change Billable Hours for First Year Associates
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Beating the Boys Redux
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An Explanation for Bizarre Biglaw Behavior?
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Newark's Gibbons Opens Office in Wilmington, Del.
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Why Pillsbury Eliminated Mandatory Retirement
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Are Lawyers Becoming Obsolete?
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Poker & the Law
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Calif. Wildfires Drive Lawyers From Homes, Offices
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Are Midsize Firms Where It's At?
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One Reason to Seek a New Trial: Your Lawyer Is a Stalker
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'Lost Pants' Judge May Lose Job
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The Billing Method Is Not the Best Tool for Controlling Legal Cost
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Lawbreaker in Chief
(NYT: separate free registration required)

Growing Criticism of Mukasey re Waterboarding
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NY Firm Bags Another Partner in Push for Laterals
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Lawyers Embrace 'Paid Volunteerism' Trend
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Anonymous Lawyer
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Lethal Injection Ban Leads To Rise In Back-Alley Lethal Injections
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2nd investigation of federal judge launched after disabled parking violation
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Cadwalader, Wickersham & Taft Tidbits
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There's Something About Markel
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Judge Scolds Lawyer Litigant for 'Vitriolic and Venomous Allegations'
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New Trend? Drive-Through Law Office
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Ethics letter to ABA on separately negotiated fees
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Court Runs a Tight Ship
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Cordero v. Epstein: She's a Man, Man!
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Aviation:

American Airlines pilots union seeks 53 percent pay boost
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UAL talks to potential buyers of maintenance unit
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Columbia Executes Asset Purchase Agreement with Cessna
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Columbia Bankruptcy Hearing Reveals More Delays And Uncertainty
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Bankruptcy Reform:

Going For Broke
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Lawmakers to mull subprime bankruptcy relief
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New bills aim to help delinquent borrowers
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Religion:

Archdiocese asks that names of sex abuse accusers should be made public
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Forest Products:

Judge Wary of Pacific Lumber Plan
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Judge tells Pacific Lumber parties to pick a mediator
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Furniture:

The Bombay Company Receives Court Approval to Sell Bombay Furniture Company of Canada to Canadian Retailer, Benix
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Movie Industry:

Auction sets price for Movie Gallery loans
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Economy:

Finance execs more pessimistic, see credit troubles lingering
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Greenspan says US recession not likely
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Corporate Reform:

Ameriprise accused of forgery
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Prosecutors: Qwest had a pact; Assertion shoots hole in Nacchio's secret info stance
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Autos:

Chrysler contract hinges on votes at key plants
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Chrysler UAW Contract, in Danger, Faces Critical Voting Day
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UAW Leaders Hit the Shop Floor To Lobby Workers on Chrysler Deal
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Fate of new Chrysler contract in question as union voting continues
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Indiana Locals Reject Chrysler Contract
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Local chief breaks with UAW
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UAW locals must face cold realities in Chrysler deal
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Chrysler's secret deal to win UAW vote
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Dana Receives Court Approval of Disclosure Statement
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US says Delphi owes workers millions
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Feds want Delphi to make good on $3.1 million retirement plan glitch
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Blackhawk files for bankruptcy
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Real Estate:

Warren: Phone Sex and Mortgage Servicing
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Delinquency Rates Rise on Home Equity Lines of Credit
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Countrywide: The Good, The Bad, Or The Ugly?
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Hub group, Countrywide in deal
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Countrywide's New Scare
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Mortgage Meltdown
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Dissing DAP
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Lenders Slow to Rescue Failing Mortgages
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CDOs Confront Subprime Goblins
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Staring into Countrywide's abyss
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Popular mortgage "mods" fuel moral hazard
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Elliott Building Group Selling All Assets
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Chicago-Area Homebuilder Will File for Bankruptcy After Default
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Builder believes troubled times may soon end
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Bankruptcy leaves subdivision incomplete
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Area reels from builder's bankruptcy
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Customers caught by builder's plight
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Detroit Housing Woes Cited in Neumann Homes Bankruptcy Filing
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American Home Sues BofA for $25M
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Ross Can Buy American Home Service Unit, Judge Rules
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Postal inspectors raided mortgage broker home
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Women and the Subprime Crunch
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Tales from Foreclosure World
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The race to rescue subprimes
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Complex investments give money market fund investors fresh worries
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Housing slump has South Florida condo investors heading the exits
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Debtors: On Vacating the Premises, Take Your Goo With You!
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A Fly In The Ointment: Sale Of Property May Cut Off Landlord's Section 502(b)(6) Lease Rejection Claim For Future Rent
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East Bay lenders announce layoffs
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Personal Finance:

Consumers shelled-out $55 billion from late fees from all kinds of loans last year
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Software:

SCO still wants to waste cash on lawyers
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The US Trustee Files Three Objections
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SCO Gets $16M Offer For Its Unix Business
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Hedge Funds:

Failed hedge fund says Cayman Islands assets qualify it for US protection
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Food/Drink:

Receiver quits AmeriStop case
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Celebrity:

O.J. Raked in more than $1M from 03-05
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2 Plead in Simpson Armed Robbery Case
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Layoffs:

Mass layoff events and initial claimants for unemployment insurance, October 2003 to September 2007, seasonally adjusted
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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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Health Care:

Monitor eyes care at Pascack hospital
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DC Council approves funds for buyer of Greater Southeast
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Kessler needs $2M, but public needs guarantee
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Pharmed in deep trouble
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National Century president indicted over attempted witness tampering
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It's auction day for Med Center
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Wall Street:

Merrill Charges Rise by $2.5 Billion
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Merrill said it would take write-downs of $7.9 billion for collateralized debt obligations and U.S. subprime mortgages, significantly greater than what it forecast earlier this month
(WSJ: separate paid subscription required)

Wall Street's 2007 bumper crop? Layoffs
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Mass Torts:

WR Grace Settles Asbestos Claims
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Bankruptcy Statistics:

New Yorkers filed for bankruptcy in droves
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Bankruptcy Filings Jump Signals Trouble
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Fraud:

Judge freezes Snyder's personal assets
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Chemicals:

Calpine Seeks OK to Sell Solutia Claim
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Debt Collection:

We have consolidated for decision four intertwined cases that present nine questions under the Fair Debt Collection Practices Act, several of which have engendered considerable controversy at the circuit level and even some circuit splits
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Student Debt:

SLM, investors fail to agree
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Tuition rising faster than financial aid: what's a student to do?
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Banking:

The Hanger-on
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Structured investment vehicles face mounting problems as three major banks try to finalize a rescue plan for the funds
(WSJ: separate paid subscription required)

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Telecoms:

Level 3 shares fall 24% as company admits problems
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Senators Say White House Cut Deal With Panel on FISA; Documents Said to Be Traded for Telecom Immunity
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Finance:

Congress takes aim at securitizations ahead of elections
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Fed signals support for Paulson plan to help commercial paper market
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UK:

Don't lose your home, go bankrupt instead
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Independent Insurance chiefs face jail
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Canada:

Berkshire's Thow settlement proposal rejected
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France:

EU investigates French state guarantee for La Poste that cuts loan costs
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Australia:

Australian farmers face bankruptcy from drought
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Indonesia:

Indonesia's top court overrules bankruptcy verdict for state aircraft firm
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