October 29, 2007

Daily Bankruptcy News

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Law:

Another post-merger kink for Sidley Austin
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Hundreds of Key Oracle Records Allegedly Withheld From Plaintiffs
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How Is the Subprime Mortgage Meltdown Affecting BigLaw?
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Pay Raise Watch: King & Spalding
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First-year associate hiring down slightly at big Texas firms
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Former Big-Firm Partner Finds Solo Is Better
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David Boies Testimony at Issue in Tyco Appeal
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$5.6M Award Upheld, but Court Wants Explanation on Attorney Fees
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Super Lawyer Ads Cost Super Big Bucks
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Four Leaders On The State of the Profession--Make That, "the Industry"
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Bart Schwartz: Monitor of the Moment
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Davis Polk: It Ought To Be in Pictures?
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Federal Judge Tells SEC Lawyer "Sit Down, Shut Up"
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Lawyer's Theatrics Void $30M Jury Award
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SoCal Fires, Part II
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San Diego Wildfires Force Attorneys to Leave Their Firms
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One L Of the Day: Alabama Law's Sharon Nichols
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Will GCs in Backdating Scandals Lose Their Licenses?
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Black Lawyers Rare at Supreme Court
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US firms stake London future on organic growth
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Firm vows to get tough on coasting partners
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Taxi Gig Drives Cabbie, 59, to Law School
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Mob Considered Giuliani Hit
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Lawyers 'Shake Their Groove Things' in Charity Fundraiser
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Is Your Dress Code Damaging Your Firm's Business Development Efforts?
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Real Estate:

Reporting on the "Mortgage Meltdown"
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Lending giant suffers big loss
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Countrywide projects return to profit
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UBS Cautions Of More Subprime Write-downs In 4Q
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A New Low in New Home Sales
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Homebuilder Bankruptcy Cases - What You Need to Know
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Stressed borrowers use plastic to delay default
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Relief sought for strapped owners
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Mortgage lending rules cheered, feared
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Which is worse: foreclosure or bankruptcy?
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Study finds Midwest has highest risk of foreclosures, fraud
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More debtors use bankruptcy to keep homes
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Ohio foreclosures continue at an alarming rate
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As Housing in Florida Plummets, the Top Tier of the Market Just Dips
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Mortgage foreclosures hitting Connecticut cities hard
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'Foreclosure Hotline Swamped'
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N.J. home building falls 21%
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Most say home loan bailout unrealistic
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Making money in housing 'on the way down'
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Foreclosure leaves them just this side of homeless
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As firms do the real math, losses related to mortgages could pile up
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Will subprime meldtown cost $4 trillion, $400 billion, or $104 billion?
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This Time, Housing Is Taking Department Stores Down With It
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Uncertain future between Neumann Homes, Gilberts
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Banks rethink relationships with mortgage brokers
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Judge allows bankrupt Foxtons to sell real estate listings
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1031 Tax Group Owner Loses Planes, Yacht
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Props holding up values of risky mortgage securities are giving way
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Couple facing foreclosure commits suicide
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From start to finish: One house goes through a foreclosure sale
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Highly leveraged commercial real estate deals are dead, but capital is ready to jump at low-debt deals
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Religion:

Jesuits pay for sins of abusers
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Adding to 'this great darkness'
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Autos:

Pact with Chrysler gets UAW's OK -- just barely
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Reaction to Chrysler/UAW Contract
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Ford, UAW to Balance Job Guarantees Against Need for Cost Cuts
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U.S. auto contract talks turn to Ford, and the fight could be just beginning
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Dealing gears up; job security key
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'A precarious situation': The Ford dynasty takes a hard look at itself
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Autoworkers cling to middle class
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Wall Street:

Merrill board weighs fate of CEO
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Merrill board in accord on removing CEO
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Merrill Chief Stan O'Neal Has Decided To Leave
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O'Neal Ouster Makes Mess of Maternal Merrill Lynch
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It would cost Merrill Lynch at least $159 million to oust its chief
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BlackRock CEO not aware of Merrill CEO candidacy
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Risk-Taker's Reign at Merrill Ends With Swift Fall
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Merrill's Former Chief Tully Calls Losses 'Sickening'
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Merrill: Where Was The Board?
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Merrill Cushions the Blow on Bonuses
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Bankruptcy Reform:

New Bankruptcy Law Fails To Generate More Repayment
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Celebrity:

Michael Jackson's running out of money
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OJ Simpson just might spend time behind prison bars yet
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Britney Spears gets slammed ... by The Wall Street Journal
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Student Debt:

College Tuition Offers a Lesson in Sticker Shock
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Schools weigh classes on loans as student debt mounts
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Aviation:

Kitty Hawk awaits delist next week
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US Airlines Put Off Buying New Planes
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Suit: Creditors were cheated to increase Comair sale price
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Corporate Governance:

Companies using compensation consultants pay CEOs more with no shareholder benefit
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Banking:

Deutsche Bank considers participating in SIV fund
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SIV bail no biggie, says S&P
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Predatory Lending:

House Takes Aim At Predatory Lending
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Payday lenders fill war chests
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Tax:

Rangel's 'Mother of All' Tax Bills' Is 'Psycho'
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Texas Task Force to Address Tax Lien Foreclosures By Private Investors
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Mass Torts:

Rising bankruptcy expenses cause WR Grace earnings to fall
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Personal Finance:

Seminar focuses on 'credit revolution'
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Forest Products:

Pope & Talbot's future on the line
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Corporate Reform:

Ex-IL Governor Writes of 'Mindless Brutality' in Prison
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Free Dennis Kozlowski?
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Art:

Sotheby's Sues Salander, Saying Art Dealer Defaulted on Loans
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Debt Collection:

Publicity Firm Shames Client for Failure to Pay a Bill
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New Bankruptcy Opinions
(1 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:

Warren: Counting Medical Bankruptcies
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SEC Requests WellCare Information
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Officials: Fate of Bayonne Medical will not impact Richmond University Medical Center
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Culver City hospital makes Chapter 11 filing
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Clinic visits grow more complex
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Economy:

Bernanke, 'Reluctant' to Cut Rates, May End Up Doing So Anyway
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Wall Street bets on a U.S. rate cut
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What Kind of Caution by the Fed This Time?
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Fed braces for weaker growth ahead
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Crude Oil Rises to Record Above $93 as Mexico Shuts Production
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A Half, a Quarter or None?
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Business investment growth slows
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Maybe Inflation Is More Than a Sideshow
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Share of income belonging to nation's wealthy widens
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Labor Ready: An economic canary
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Housing Slump May Reduce Payrolls, Growth
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Cost of crash goes far beyond drop in home values
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Dollar weakens as expectations of a Fed rate cut grow
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Software:

SCO gets bankruptcy court approval to sell its Unix business
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Hedge Funds:

Pledging Allegiance to the United States of Hedge Funds
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Train wreck is coming
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Sowood's Collapse
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Absolute Capital Says Investors Back Changes to Funds
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UBS Loses Investor Confidence as Biggest Fund Manager
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Rating Agencies:

Connecticut Investigates Major Debt-Rating Agencies
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Did Standard & Poor's wrap toxic securities in gold?
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Toys:

Toy-Train Makers Close To Ending Long Legal Battle
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Finance:

Cost to issue hybrids soaring - Growing market for trust preferreds and other hybrids 'a disaster' during credit crunch
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Accounting:

Mark-to-Make-Believe Accounting Claims a Victim
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Some small auditors have big problems
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Wilbur Ross, buyer of failed companies
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Greg Feste's telling trail of fumbles
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UK:

Whose squad will win Northern Rock?
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One in three Northern Rock staff face axe
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Pensioners facing financial abyss
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Profit warning at Elephant
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Fraudulent applications for credit rise
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Crooked Insurance Boss Jailed For Covering 'Commercial Disaster'
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Japan:

Receivers want NOVA to be back offering classes soon
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Japan can't afford housing plunge
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China:

China Passes US in Top 10 List as China Life Surges
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Germany:

A fallen German media mogul wants to be a player again
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