October 31, 2007

Daily Bankruptcy News

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Law:

In-House Counsel Requiring More of Outside Counsel
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Law Firm Is Giving Its Associates Two Year-End Bonuses
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How to Get a BigLaw Job
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E-Discovery Requests: Know Your Limits
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Apple Lawyers Make Third-Grader Cry
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Kilpatrick Stockton adds to DC office bankruptcy section
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Edwards Angell to Acquire London's Kendall Freeman
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Pay Raise Watch: Tulsa to $126,040
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How I Met Your... Partner?
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Is 'Super Lawyers' the Cheesiest?
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Lerach Guilty Plea Allows Him to Keep Millions
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Legal Malpractice Suit Against Personal Injury Lawyers Permitted to Go Forward
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Lawyer Still on the Hook for $28,000 per Month in Child Support
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Should Law Schools Adopt the B-School Case Method?
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Legal Malpractice Defense: We Had No Case
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Real Estate:

Home prices falling at record pace in August
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Tampa home prices free falling
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Home Prices Are Down, and So Is Confidence
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S&P/Case-Shiller Home Prices Fell 4.4% in August
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Mortgage Reform: The Beating Continues
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Bankruptcy Judge Calls Developer's Actions 'Criminal'
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Court to Mull First Magnus' Ch 11 Plan
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Queen Mary Trustee To Pay $1.15M To Settle
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Greenspan warns of further pain for US property prices
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Treasury Secretary Paulson says U.S. hasn't 'hit bottom yet in housing'
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HomeBanc wins OK to sell loan-servicing unit
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Office-Space Market Shows Signs of Slowing
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America's Big, Fat Housing Inventory
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Of AZ Valley homes for sale, a third sit empty
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Health Care:

WellCare Drops on Florida Expansion Halt
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NY state regulators said to be probing WellCare
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Bankrupt Pharmed Owes More Than $60M
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$900K raised for Kessler, says official
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For BMC staff, hope and fear
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Judges:

Frank J. Santoro appointed to Norfolk bankruptcy court bench
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Bankruptcy Reform:

Bankruptcy reform can stem foreclosures, panel told
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House Panel May Vote on Bankruptcy Bill
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Accounting:

Dell Climbs Out Of Accounting Hell
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Mining:

Asarco gets another extension for bankruptcy plan
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Asarco seeks $91 million settlement of environmental claims
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Review request: Asarco needs to take a hint
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Food/Drink:

What made chips fall at Jays
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Jeweler does not want green diamond from bankruptcy trustee
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Employment:

Storm Clouds on the Job Hunt Horizon
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Clear Thinking Group, Myers Named Plan Trustee in Oasys Mobile
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Autos:

Delphi Amends Bankruptcy Plan To Reflect Debt Reduction
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Champion Parts working through bankruptcy
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Delphi can't provide $3B in payments under amended plan
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Criminal probe into Delphi ends
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Chrysler to cut deeper: 1,000 managers targeted
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Wall Street:

Merrill Lynch ousts CEO O'Neal
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Ousted Merrill CEO Stan O'Neal Gets No Severance
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What's Merrill's Next Move?
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Merrill hit with shareholder lawsuit over subprime
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Merrill CFO Offered to Resign
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Handicapping Rate-Cut Winners
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As Fed Meets, Markets Still Count On Interest-Rate Cut
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New York City, State Budget Outlooks Dim as Wall Street Falters
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Economy:

The economy grew 3.9% in the third quarter, speeding up despite a much heavier drag by the housing sector as surging exports and stronger consumer spending helped turn growth surprisingly faster
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Can the US economy pull an Indiana Jones?
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Time to Stand Up to Wall Street
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No rate cut would spark question of what Fed knows
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Keeping Track of Poverty Levels in School
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Two-year low in US consumer confidence as home prices drop
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Consumers gloomiest since Katrina aftermath
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In a fight between Securitizationman and Superconduit, who would win?
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Bankruptcy Crimes:

OC Sheriff Carona Indicted on Federal Corruption Charges
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An unsettling portrait of 'America's Sheriff'
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Celebrity:

Jacko's Money D-Day: Default Of His Own? (scroll down)
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Germany halts case against Pearlman
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Forest Products:

Oregon timber company says will keep its workers as it reorganizes
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Bankruptcy Audits:

United States Department of Justice, Office of the U.S. Trustee, Awards Kroll Contract to Audit Individual Bankruptcy Filings
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Hedge Funds:

New California regulations may push hedge funds out of state
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Mass Torts:

Law School Scandal Could Surface at Lawyers' Fen-Phen Trial
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Apparel:

Dismissal of Innovative Designs Bankruptcy Case
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Insurance:

Belly-up insurer costs homeowners
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Personal Finance:

Which city has the lowest amount of personal debt?
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Pensions:

Ex-Chief of S.E.C. Says Pension Funds in Danger
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PBGC Hikes Maximum Retiree Payout
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Pension Fund Sues Countrywide Officers
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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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Auto Racing:

Bill Davis Trucking seeks bankruptcy protection
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BDR unaffected by bankruptcy move
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Bankruptcy Statistics:

Northern Illinois personal bankruptcy filings up in 2Q
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Aviation:

Hawaiian Air wins ruling, damages vs. Mesa
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Mesa looks to overturn ruling in Hawaiian Air case
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Hawaii air fares may rise after $80M ruling
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Workers praise decision that 'takes away ... uncertainties'
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Kitty Hawk's Closing Raises Questions About Who Will Pay Off Cargo Hub Bond
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No airline guaranteed survival
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Why Delta Should Buy Northwest
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Corporate Governance:

On Leaving Corporate Executives "Naked, Homeless and Without Wheels"
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Skiing:

Transmontagne Group Goes Out of Business
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M&A:

Mergers beat 2006 record after busiest month since August
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Manufacturing:

Bankrupt Rockford Trying to Sell Assets
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Telecoms:

Alcatel-Lucent cuts 4000 more jobs, trims outlook
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Student Debt:

Teach teens about credit card abuse
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How Not to Deal With A Failing Business
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UK:

Northern Rock Hires Blackstone as Adviser
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Sliding off the property ladder
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US-Style Litigation Coming to UK
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Liverpool star Riise declared bankrupt
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Thousands at risk of negative equity
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Shock rises in credit card fees
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Canada:

Portus co-founder to face court
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The softening market has brought with it a greater selection of D&O liability terms.
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Japan:

Nova Corp.'s Sacked Chief In Hot Water
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BOJ Leaves Benchmark Rate at 0.5 Percent
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Ireland:

From grinning to gaunt: legal eagle crashes back to earth
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Full house at High Court as creditors join €70m scramble
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Australia:

Creditors turn to police for action
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