September 18, 2007

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Lerach to Plead Guilty, Serve 1 to 2 Years
(DBN Subscription Required)

Lerach to Be Second Milberg Lawyer to Plead Guilty
(DBN Subscription Required)

William Lerach is set to plead guilty to one count of conspiracy in the criminal case involving the securities lawyer's former firm, Milberg Weiss
(WSJ: separate paid subscription required)

Lerach Set to Plead Guilty
(DBN Subscription Required)

Perkins Coie Agrees to Pay $19 Million in Malpractice Suit
(DBN Subscription Required)

McCarter & English Hikes Starting Pay for First-Years to $135,000
(DBN Subscription Required)

New Firm Resolves 'Sunday Stomach'
(DBN Subscription Required)

Arter & Hadden former partners to pay $11M settlement
(DBN Subscription Required)

Mukasey's Pedigree
(DBN Subscription Required)

Mukasey's Selection Seen as a Shift for White House
(DBN Subscription Required)

Seven Things to Know About Michael Mukasey
(DBN Subscription Required)

Michael Mukasey: An Anecdote
(DBN Subscription Required)

Chemerinsky Accepts Irvine's Renewed Offer
(DBN Subscription Required)

Apparent Tape Released of O.J. in Vegas
(DBN Subscription Required)

Fired Judge Blames Elf for Court Mishaps
(DBN Subscription Required)

Squire Sanders Scores Coup in Luring Greenberg Lawyers
(DBN Subscription Required)

Legal Malpractice Verdict Not Reduced by Firm's Contingent Fee
(DBN Subscription Required)

Attorney-Entrpreneur Hopes Peers Will Flock to New Lawyers-Only Social Networking Site
(DBN Subscription Required)

Tourists Flock to Bathroom Bust Senator's Stall of Infamy
(DBN Subscription Required)

EU Court: No In-House Counsel Privilege
(DBN Subscription Required)

Fuss Over Firm's $1.8 M 'Pro Bono' Fee
(DBN Subscription Required)

Law Firm Gets TV Show Mentions
(DBN Subscription Required)

When Results Matter: Does Your Culture Cultivate or Kill Contribution?
(DBN Subscription Required)

Law Firm Economic Outlook for 2008
(DBN Subscription Required)

First-Years Need a Road Map to Career Success
(DBN Subscription Required)

Lawyer of the Day: John David R. Atchison
(DBN Subscription Required)

______________

Economy:

Unindicted Blunderer
(DBN Subscription Required)

Greenspan says US recession risk up
(DBN Subscription Required)

Credit crunch reverberates through Europe, US
(DBN Subscription Required)

If There's A Recession?
(DBN Subscription Required)

Paulson Cautions Against Rush to Regulation in Credit Crisis
(NYT: separate free registration required)

Optimism of U.S. chief executives lowest in four years
(DBN Subscription Required)

Fed officials have to decide what action to take on the discount rate, at which banks borrow directly from the Fed
(WSJ: separate paid subscription required)

______________

Real Estate:

US Home Foreclosures Doubled in August
(DBN Subscription Required)

Greenspan warns of fresh US housing woes
(DBN Subscription Required)

House Pushing Mortgage Plan
(DBN Subscription Required)

Domino-Like Bankruptcies Offer Lessons
(DBN Subscription Required)

Hovnanian's Fire Sale Burns Other Builders
(DBN Subscription Required)

NovaStar Can't Pay Dividend, Forfeits REIT Status
(DBN Subscription Required)

Sale of mortgage lender to GE, Blackstone may collapse as banks pull support
(DBN Subscription Required)

First Magnus outsourcing firm feels left out of bankruptcy proceedings
(DBN Subscription Required)

Trustee Aims to Stop Homebanc Bonuses
(DBN Subscription Required)

American Home tries to seize $27 million in retirement savings
(DBN Subscription Required)

Brasota trustee considers special bidder
(DBN Subscription Required)

Furniture business slowing down with real estate market
(DBN Subscription Required)

Caught in a toxic mortgage
(DBN Subscription Required)

Bad mortgages cut like a knife
(DBN Subscription Required)

Real Estate Guru To Bankruptcy: One Man's Tale
(DBN Subscription Required)

Housing woes deepen as US delinquencies, foreclosures rise
(DBN Subscription Required)

Merrill Lynch cuts subprime unit jobs
(DBN Subscription Required)

National City says problem loans rise
(DBN Subscription Required)

Obama Likens Subprime Mortgage Fallout to Enron Case
(DBN Subscription Required)

______________

Forest Products:

Pacific Lumber to File Bankruptcy Plan
(DBN Subscription Required)

Pope & Talbot Announces Extension to Lender Agreement
(DBN Subscription Required)

______________

Turnarounds:

Saving a Company from Bankruptcy
(DBN Subscription Required)

______________

Cash Management:

Sentinel bankruptcy lists $2 billion in assets
(DBN Subscription Required)

Sentinel Wired $11M to Founder, Wife
(DBN Subscription Required)

______________

Student Debt:

Law Aims to Cut Credit Card Debt for Students
(DBN Subscription Required)

______________

Health Care:

Bankrupt Bayonne hospital, union win state help to stay open
(DBN Subscription Required)

Encore Capital Cuts 115 Jobs
(DBN Subscription Required)

Judge approves Metabolife liquidation plan
(DBN Subscription Required)

Rally set for BMC
(DBN Subscription Required)

Taking Sides on Tenet
(DBN Subscription Required)

______________

 

Autos:

What's taking so long? High-stakes health plan
(DBN Subscription Required)

Signing bonuses may seal UAW deal
(DBN Subscription Required)

UAW sticking point: Retiree health trust
(DBN Subscription Required)

Health deal could aid Ford most
(DBN Subscription Required)

GM Offers Cap on Workers' Health Costs, People Say
(DBN Subscription Required)

Auto Shares Up As GM-UAW Talk
(DBN Subscription Required)

GM, union head back to the drawing board
(DBN Subscription Required)

UAW workers return to work at GM without new contract
(DBN Subscription Required)

Promise fades on GM talks with workers
(DBN Subscription Required)

Ford May Outrun GM in Union Deal
(DBN Subscription Required)

EPA: Court Should Rule on Dana Costs
(DBN Subscription Required)

UAW and GM: Stuck in Neutral?
(DBN Subscription Required)

Ford could accelerate cost cutting if a slowing U.S. economy puts the auto maker at risk of missing key financial goals in 2008 and 2009
(WSJ: separate paid subscription required)

______________

Banking:

BofA warns credit crunch to hurt investment bank's third quarter
(DBN Subscription Required)

Stock in bankrupt bank now worthless
(DBN Subscription Required)

ATM Surcharges and Bank Consolidation
(DBN Subscription Required)

Two Sides of the Coin: Payments and Lending
(DBN Subscription Required)

Banks Bail Out (On Borrowers)
(DBN Subscription Required)

______________

Fitness:

Bally expects to emerge from bankruptcy this month
(DBN Subscription Required)

______________

Software:

SCO Blames Linux For Bankruptcy Filing
(DBN Subscription Required)

SCO Lawsuits: 'Misguided From the Start'
(DBN Subscription Required)

Chapter 11, in Which SCO Finally Gets What It Deserves
(DBN Subscription Required)

Half of SCO's Accountants Quit
(DBN Subscription Required)

Few surprised at SCO plight
(DBN Subscription Required)

______________

Aviation:

Market turmoil threatens airline profits
(DBN Subscription Required)

Northwest Airlines hiring up to 5000 workers
(DBN Subscription Required)

Aloha's losses widen
(DBN Subscription Required)

Aspen Executive Air seeks bankruptcy protection
(DBN Subscription Required)

______________

Corporate Reform:

Former grocery store executives indicted for fraud
(DBN Subscription Required)

______________

Pensions:

PBGC takes over Union Stamping fund
(DBN Subscription Required)

______________

Food/Drink:

Interstate Bakeries Corp. Files For Reorganization Extension
(DBN Subscription Required)

Wonder Bread Bails on Southern California
(DBN Subscription Required)

______________

Utilities:

Rosetta objects to Calpine's reorganization plan
(DBN Subscription Required)

Calpine accused of misleading creditors
(DBN Subscription Required)

California Fights Calpine Move To Scuttle 2001 Power Contract
(DBN Subscription Required)

______________

Mass Torts:

Former Superstar Miami Attorney To Begin His Own Trial
(DBN Subscription Required)

Merck sued for Medicaid fraud
(DBN Subscription Required)

______________

Hedge Funds:

Most Hedge Fund Strategies Lost Money In August
(DBN Subscription Required)

Hearing to probe Norshield collapse
(DBN Subscription Required)

SEC Charges Hedge Fund Head Over PIPEs
(DBN Subscription Required)

______________

Avoidance Actions:

Avoidance of Pre-Bankruptcy Transactions in Multinational Bankruptcy Cases
(DBN Subscription Required)

______________

Environmental:

Scary Stories and the Limited Liability Polluter in Chapter 11
(DBN Subscription Required)

The Uniform Acts' Loophole in Fraudulent Conveyance Law
(DBN Subscription Required)

______________

Enron:

Securities Case Before Supreme Court Has Law Firms on Edge
(DBN Subscription Required)

______________

Manufacturing:

Potential buyer ends Rockford Products talks
(DBN Subscription Required)

______________

Rating Agencies:

Credit derivative law suits
(DBN Subscription Required)

______________

Theme Parks:

Pepsi seeks millions from Wild West
(DBN Subscription Required)

______________

Credit Cards:

(What Determines) What's in Your Wallet?
(DBN Subscription Required)

______________

Wall Street:

Futures lower ahead of Fed meeting
(DBN Subscription Required)

______________

Bankruptcy Reform:

Median family income data updated
(DBN Subscription Required)

______________

 

 

New Bankruptcy Opinions
(4 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12)
(DBN Subscription Required)

______________

Bankruptcy Claim Auctions
Trade Receivable Exchange
Sell your Chapter 11 claim to the highest bidder
Are You Getting the Best Price?

Life after bankruptcy
(DBN Subscription Required)

Tax:

US IRS Provides Tax Information For Home Foreclosures
(DBN Subscription Required)

How Lehman Sold Plan to Sidestep Tax Man
(WSJ: separate paid subscription required)

______________

Insurance:

No Judgment, No Insurance, Says Appeal Court
(DBN Subscription Required)

______________

Finance:

Credit Suisse, Citigroup take losses on debt to keep LBO deals alive
(DBN Subscription Required)

Banks Balk at Buyout Funding
(DBN Subscription Required)

______________

Accounting:

An accounting-industry group says supposed long-term values for securities and loans don't trump today's market prices
(WSJ: separate paid subscription required)

______________

Politics:

Obama Urges Wall Street to Protect the Middle Class
(NYT: separate free registration required)

______________

Data Security:

With the Loss of One Laptop
(DBN Subscription Required)

______________

Proving Comity: Seeking Recognition Under Chapter 15 of the Us Bankruptcy Code
(DBN Subscription Required)

UK:

Pre-pack administration survives HMRC claim
(DBN Subscription Required)

A UK Perspective On The Turmoil In The Credit Markets
(DBN Subscription Required)

Bank runs affecting the housing market?
(DBN Subscription Required)

A rush to cash out of Northern Rock
(DBN Subscription Required)

Northern Rock under fire over exec pay rises
(DBN Subscription Required)

Fears grow for British economy
(DBN Subscription Required)

Bank Worries Roil Across Europe
(DBN Subscription Required)

How dodgy US loans five years ago brought about crisis in the UK banking sector
(DBN Subscription Required)

Weakness lies in deposit security rules
(DBN Subscription Required)

The debt timebomb is ticking
(DBN Subscription Required)

Charities, sports may share Northern Rock pain
(DBN Subscription Required)

Call for banks to be more honest about the value of their assets
(DBN Subscription Required)

Northern Rock says hasn't yet used BoE facility
(DBN Subscription Required)

Bank's Strife May Shake UK Confidence
(DBN Subscription Required)

Northern Rock pulls FTSE down nearly 2%
(DBN Subscription Required)

Lending Rates Surge as Northern Rock Concern Deepens
(DBN Subscription Required)

Fear stalks UK banking sector in wake of Northern Rock debacle
(DBN Subscription Required)

The Next Northern Rock?
(DBN Subscription Required)

Chancellor steps in to halt bank run
(DBN Subscription Required)

Shares of two more UK mortgage lenders plummet
(DBN Subscription Required)

A £28bn cheque to stop the panic
(DBN Subscription Required)

Northern Rock crisis threatens Governor of the Bank of England's position
(DBN Subscription Required)

Turkey holiday firm collapse
(DBN Subscription Required)

______________

Sweden:

Viragen subsidiary files for bankruptcy
(DBN Subscription Required)

______________

Japan:

Corporate Bond Risk Rises in Japan
(DBN Subscription Required)

______________

Germany:

German Investor Confidence Probably Fell to a Nine-Month Low
(DBN Subscription Required)

______________

Italy:

Parmalat reiterates it is suing banks for role in group's collapse
(DBN Subscription Required)

______________

Russia:

Promneftstroi Becomes Legal Owner of Yukos Finance
(DBN Subscription Required)

______________

Canada:

Drowning in a sea of red
(DBN Subscription Required)

AG increases use of forfeiture powers to seize assets
(DBN Subscription Required)

______________

Australia:

Mortgage debt 'at all-time high'
(DBN Subscription Required)

______________

China:

China banks face rising risks despite earnings
(DBN Subscription Required)

______________

 

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com