October 3, 2007

Daily Bankruptcy News

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Law:

When $1,000 an Hour Is Not Enough
(NYT: separate free registration required)

Salary Wars
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Lawyers' Notes Become Ethics Test in Case Before Calif. Supreme Court
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Stakes Rise Over Debtors' Duty To Preserve ESI
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New Chairman at Jenner Looks to the 'Young Leaders'
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Non-Top-Tier Law Schools: Brooklyn Law Strikes Back
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Non-Top-Tier Law School Graduate of the Day: Daniel Petrocelli
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Is Flatter Freer?
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Poorly Waged Patent Battle Becomes International Controversy
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Lawyer of the Day: Lord Peter Goldsmith
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Bingham Bear Scares Colbert
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More Woe Ahead for Private Equity and Mortgage-Backed Securities Lawyers?
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Bonus Watch: Atlanta
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Lawyer Defends Use of Opponent's Notes
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Reprimanded federal judge accustomed to attention
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NOW takes Kent complaint to Congress
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Federal Judge Slams Pennsylvania Lawyers
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A GC Trial Primer: 10 Rules to Remember
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Conn. firms Pump Up Salaries
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Firm Adds 22 Refugees From Defunct Rival
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McCarter & English names New Managing Partner
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Houston firms' political bond is strong
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Counsel Not Ineffective Despite Calling Client a Liar During Trial
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Judge Resigns Amid Probe of Possible Judicial and Sexual Improprieties
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Judge Accused of Spanking Teens in Chambers Resigns From Bench
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Law firms sweat details to keep digital data out of wrong hands
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Weighing the Relative Merits Of Legal Profession v. Banking
(WSJ: separate paid subscription required)

Law-Firm Memo of the Day
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In Plea Deal, Former Cravath Lawyer Admits Having Sex With Teenagers
(NYT: separate free registration required)

Dewey & LeBoeuf names executive board
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Young(er) Law Librarians Wanted
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Celebrity:

Simpson must give Rolex to Goldman
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The Law of Opinion Has Priceless Instruments in Question
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Forest Products:

Texas judge to rule in Pacific Lumber redwoods case
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Economy:

Greenspan sees signs the credit crisis is passing
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Bernanke Spoke With Rubin as Credit Crisis Worsened
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Paper:

Marcal Paper Mills, Inc. Files Intent to Proceed with Amended Plan
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Hedge Funds:

Basis Capital To Begin Paying Redemptions On Pac Rim Fund
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Autos:

Deal may not be enough to save GM
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Sad September In Detroit
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Ford in settlement talks
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September auto sales disappoint
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Judge Approves Delphi, GM Warranty Deal
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Remy Announces Overwhelming Acceptance of Prepackaged Plan of Reorganization
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Bankruptcy Reform:

Housing crisis adds new wrinkle to bankruptcy reform
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Was the Credit Industry Sincere in its Lobbying for Bankruptcy Reform?
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Real Estate:

Realtors study says home sales ahead look weak
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The Bull Rips A Hole In The Matador's Cape: New Ninth Circuit Decision Limits Reach Of Section 502(b)(6)'s Landlord Cap
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Pending Home Sales Slide to Record
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Outfoxed, New Jersey Discount Brokerage Headed for Bankruptcy
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Feds probing American Home collapse
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Consultant bills American Home $868K
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First Magnus assets of scant interest in auction effort
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Loan Servicers Create New Mortgage Snags
(NYT: separate free registration required)

Real-estate speculators are turning unsold homes into rentals, creating a "shadow market" that has made investors jittery about REITs
(WSJ: separate paid subscription required)

Goldman Sachs May Buy Subprime Mortgage Servicer
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Credit crunch ripples into mega-mansion market
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Subprime loans defended
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Home loan demand falls despite interest rate dip
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Iowa Attorney General Calls Out to Distressed Borrowers
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Risk your house to save your credit cards?
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Student Debt:

Sallie Mae Rebuffs Reduced Offer From JC Flowers
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Religion:

Spokane Diocese makes first payment to sex abuse victims
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Mining:

Asarco asks for 8th extension to file bankruptcy plan
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Mayor of El Paso opposed to reopening ASARCO plant
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Food /Drink:

IBC, Teamsters make progress on new work deal
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Lender wants control of brewery property
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Dot Foods backs out of plans to buy Empire Beef's assets
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Stage set for court showdown over Twinkie-maker's future
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Enron:

Enron: Citigroup Silencing Ex-Employees
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Insurance:

The Insurance Receiver
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Credit Scores and Insurance Rates
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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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Personal bankruptcy law and entrepreneurship
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Wall Street:

Swooping in on the Debt-Ridden
(NYT: separate free registration required)

Morgan Stanley to cut about 600 jobs
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Job Cuts on Wall Street Spread
(WSJ: separate paid subscription required)

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Aviation:

Hawaiian Airlines president: Fares would go up without go!
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Health Care:

Barnert Hospital on life-support
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Brain or Spinal Injury Linked to Increased Bankruptcy Rates
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Ailing Pascack Valley Hospital bonds get downgraded
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Anger over hospital's demise
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Accounting:

Auditing the Auditors After Sarbanes-Oxley
(WSJ: separate paid subscription required)

Bankrupt raceway park's accounting firm sued
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Layoffs:

Facility Closures and Permanent Mass Layoffs
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Credit Suisse to cut 170 more jobs
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Mass Torts:

DuPont Lawyers Make Asbestos Money-Maker
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Corporate Reform:

Hedge fund manager's sentence 'too lenient'
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No more Democrats: Nazareth to depart SEC
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UK:

Lawmakers Question Credit-insurance Link
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Insolvency Service Newsletter
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Northern Rock soars as Flowers closes in
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A consultation document on changes to the Insolvency Act 1986 and the Company Directors Disqualification Act 1986 to be made by a Legislative Reform Order for the modernization and streamlining of insolvency procedures
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Canada:

Santa declares bankruptcy; creditors may not get paid
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Cayman Islands:

A Fine Balance: Two Recent Cases From The Cayman Islands
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Germany:

Deutsche Bank will take up to $3.09 billion in charges on leveraged loans and other writedowns
(WSJ: separate paid subscription required)

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