October 26, 2007

Daily Bankruptcy News

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Law:

Sullivan Settles With Former Associate Who Sued Firm for Discrimination
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Former Co-Counsel Turn on Each Other in FedEx Fee Fight
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The Curious Case(s) Of Baker & McKenzie's Weisberg
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Indicted Partner Resigns From Baker & McKenzie
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Perk Watch: Flu Shots!
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U.K. to Let Banks, Hedge Funds Buy Law Firm Shares
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Indicted Houston Lawyer's Novel Defense
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Rhyme, No Reason: Firm's Big Bills in Limerick Form for Wee Work Slashed
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Freshfields gives students the real deal
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Lawyer launches woeful self-publicizing site
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"We are ruthless"
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$18B Securities Claim Reaches Rare Trial
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Key Privilege Ruling Makes European In-House Lawyers Feel Inferior
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Law Firm: Retract 'Weasel' or Else
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U.S. LLPs Might Have to Disclose Their Finances in London
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NY Firm's World Wide Web
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Embattled judge moved to Houston
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Big Biz Scoring System for Law Firm Hires
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Another Partner Leaves Heller, Wants to Avoid Being "Cog"
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Law as a second career?
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Say What?!
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Mass Torts:

Quigley Co. Bankruptcy Plan to Proceed
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Bankruptcy costs weigh down Grace earnings
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Judge: Justice Dept Silence Aided Tersigni Fraud
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Avoidance Actions:

Court Denies Rosetta's Motion to Dismiss
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Software:

Novell might never get a penny from SCO
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Tax:

First Read: The Dems new tax proposal
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House Democrats propose tax overhaul
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Rangel Tax Plan's Centerpiece Is 30.5% Top Corp Rate
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Tax Plan Yields Mixed Blessings
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Wall Street:

MBIA's $1.8 Billion SIV Having Trouble Raising Money
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Merrill's subprime shakeout shows perils of SIV bailout
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Merrill's Chief Is Said to Consider a Bid to Merge
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Why Merrill Lynch Got Burned
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Market falls on write-down worries
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More Merrill Lynch Writedowns Expected
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Economy:

Durable-goods orders slump
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Jobless claims fall
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IMF warns on global slump
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Reports Show Mixed Economic Picture Ahead of Fed Meeting
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Economy's Weak Signals Persist
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Autos:

UAW dissidents concede Chrysler deal will pass
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UAW shifting its focus to Ford
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UAW bargaining now shifts to Ford, which is evaluating budgets and may have the greatest need for labor-cost cuts
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Auto Suppliers Ready To Roll
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Judge OKs Delphi-Valeo Settlement
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Failed Company Overpaid Millions in Fees - An investigation into Collins & Aikman's bankruptcy and decision to liquidate finds that many fees did not pass the reasonableness test
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Navistar could lose Ford line, chief says
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Real Estate:

'We are headed for billions in lost wealth'
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New Home Sales Rise
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Lies and statistics: Home sales did NOT rise
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Their house foreclosed, a couple ends their lives
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REITs See Biggest Drop Since 1998 as U.S. Rout Grows
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Subprime ABX Index Falls Sharply On Weak Monthly Loan Reports
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Deteriorating subprime market pummels ABx, bond insurers
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Foreclosure losses could top $100 billion
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Mortgage problems could cost banks and investors $400 billion
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Foreclosures will drive down property values
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Landlords Oppose Movie Gallery Plans
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With Buyers Sidelined, Home Prices Slide
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American Home Sues Lehman Bros.
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Neumann bankruptcy raises questions
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BofA to Exit Mortgage Wholesale Business
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Gone, baby, gone ...
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Morgan Stanley files $10M suit for bad loans
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CA median home prices drop
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Countrywide shares dive more than 10 percent a day before results
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MGIC Problems Point to More Pain
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Pulte Homes Swings to Loss
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Queen Mary Sale Stalls Over Secondary Lease
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Religion:

Diocese's dismissal hearing moved to Tuesday
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Education:

Alumni, trustees meet over future of Antioch this week
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Furniture:

Bombay makes its first round of layoffs
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Mortgage slump worrying furniture retailers
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Mining:

Federal judge leaves Asarco lawsuit intact
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Municipalities:

An emphatic 'yes' in Los Osos
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Private Equity:

Private equity not just for big firms
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Celebrity:

Michael Vick Buys Place in Florida -- Bankruptcy Coming Next?
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Owen Wilson Eats Lawyers' Cookies and Runs
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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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Who's Going to Take the Financial Weight?
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Corporate Reform:

U.S. SEC sees "rampant" insider trading on Wall St.
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No Protection Against Massive-Fraud Charges
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Bat Mitzvah Big Spender Charged With Fraud
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Hedge Funds:

Amaranth Fine May Signal More U.S. Futures Regulation
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Rangel Seeks $48 Billion Hedge Fund, Buyout Firm Tax
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Golf:

Running Horse Goes to Auction
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Running Horse bankruptcy case dismissed
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Student Debt:

Dodd seizes on student loan overpayment
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Student Loan Default Rates Higher for Minorities, Those with Greater Debt
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Accounting:

Class Action Against PricewaterhouseCoopers
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Big Four in line of fire from huge class action
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Aviation:

United's pilots protest exec pay at their expense
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Wall St Firms Lose Delta Lease Case
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Insurance:

AIG Falls on Speculation About Subprime Writedown
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Health Care:

LifeHouse Takes 5 Skilled Nursing Properties in Bankruptcy Auction
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When Sick Time Simply Isn't Enough
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Credit Crisis Spreading New Jitters in Europe
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UK:

Bankruptcy Makes You Feel Like Crap
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Men 20% deeper in debt than women
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Bank of England fears rerun of credit crisis
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British Home Prices Set for Correction
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Rethinking the 'credit culture'
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Lender hit by credit crunch
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Canada:

Thow ordered to Seattle court
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Bankruptcy legislation to be reinstated
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Australia:

Mustang Marine in receivership, reports say
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Japan:

Nova to file for bankruptcy, debts to top 50 bil. yen
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Russia:

European Court Rules Russia Violated Rights of Yukos Oil Manager
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