September 19, 2007
Daily Bankruptcy News
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Law:
Dorsey & Whitney adds restructuring partners
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Lawyer Lerach in plea deal with prosecutors
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Lerach's guilty plea
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Plea Agreement
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Lawyers for the Goldmans Want the Memorabilia Linked to OJ's Arrest
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Outsourcing Gains Traction in U.K. Legal Market
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Qualcomm Firms Seek to Pierce Privilege
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Things Bill Lerach Won't Be Indicted For
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Pro Bono Assignment on Behalf of Hurricane Katrina Client Leads to Sanctions
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The Great Legal Firm Outsourcing Move
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Fifth Circuit Judge King to Receive National Devitt Award
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Senator Says Attorney General Nominee Would Force Justice Officials to Report Calls From Politicians
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Judge's Noise Punishment Fits Crime
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Judge's 'Incessant' Questions Cited in Reversal
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Google Docs Roils Legal Tech
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Calling All Legal Tech MacGyvers
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Law Firms Going Global
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Lawsuit of the Day: Are You There God?
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Say What?!
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The Managhan Law Firm (aka 'My Wife Is Sleeping Around and That's Why We're No Longer Law Partners')
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Wall Street:
Lehman takes $700m hit from credit crunch
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The worst of the credit crisis is over, says Lehman Brothers
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Morgan Stanley reported quarterly profit fell 17%, as the company was hit by a $940 million writedown on loans amid the global credit crunch
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Brace for big job losses on Wall Street
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Wall Street cheered the rate cut, hoping renewed confidence will get financial markets going again. The Dow industrials climbed 2.5%.
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Tax:
Obama Proposes $80 Billion Tax Cut for Middle Class
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Aviation:
Airlines say credit crunch will put multi-billion dollar dent in profits
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ABC 'World News' Beats Up on Airline Industry
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Health Care:
Judges limits spending by bankrupt Bayonne hospital
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BMC gets more time 'progress' toward sale
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Kessler Hospital ownership bid still up in air
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Health Deal For Detroit Could Spark More
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Troubled hospital says it needs consultant
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Hedge Funds:
SEC Asks Hedge Funds for Data To Find Potential Inside Traders
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SEC eyes all in the family fund ties
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Absolute Capital founder quits
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Way cleared for Bear Stearns liquidation
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No Goldman fund bailout
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Hit with market angst, hedge fund stars can't splurge
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Wilbur Ross's Greatest Credit Hits
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Economy:
Cheering greets Fed announcement
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Stocks Jump on Big Fed Rate Cut
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Bernanke Facing Some Tough Scrutiny
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Three Telling Days for the US Economy
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Bank acts boldly to avert recession risk
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New York oil price soars to record high after Fed rate cut
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Rate Cut May Provide Only Passing Relief
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Fed's cut an opening act
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Fed's big cut: Good or bad?
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Autos:
UAW and GM Are Still at Odds
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GM, UAW contract talks push on, key issues remain
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UAW letter warns of firm deadline in contract talks
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UAW: Our patience is limited
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GM Seeks Shift to 401(k) Pensions for New Employees
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Health-Care Trust Could Make UAW Big Player On Wall Street
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TRW Automotive unit to buy part of Delphi
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Real Estate:
Will the Fed Reverse the Housing Slump?
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Foreclosures countywide jumped 80% in August
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Subprime Borrowers to Lose Homes at Record Pace as Rates Rise
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Bailout through bankruptcy?
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Bush says no to raising FHA loan limits past $417000
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HI August foreclosures up sharply
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WI foreclosures triple in August
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NC foreclosure rate up 83% in August
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MD foreclosures in state jump in August
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Kentucky foreclosures rise by 41.5 percent in August
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Ohio foreclosures third in nation
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Alabama foreclosures up 68 percent
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Foreclosure surge continues, California No. 1 in US
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Cleveland's workers left to pick up pieces in property collapse
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AHM creditors may get retirement cash
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Beazer's House of Cards
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Coast Bank sues CCI borrowers
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Impac Mortgage Holdings Cuts 144 Jobs, Ends Alt-A Lending
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US insurers little exposed to subprime woes
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Fitch cuts ratings on $1.2 bln worth of CDOs
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SEC reportedly making American Home inquiries
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Legal dispute snarls some mortgages
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Fed rate cut won't bring quick relief for borrowers
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House approves bill helping mortgage borrowers
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Accredited Accepts Lone Star's $296 Million Offer, Halts Suit
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Retailing:
Fashion Shop stores to close permanently tonight
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Bombay Company may be headed to bankruptcy court
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Corporate Reform:
Report finds US prosecutors ignore corp-fraud policy change
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Specter Pushes Bill to Curb Corporate Prosecutors
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New Bankruptcy Opinions
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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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Food/Drink:
Pittsburgh brewery transfer complete
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Debt Holders Sue Wachovia Over Le Nature's Loan
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Lawsuit: Wachovia ignored signs of bankruptcy
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Could This Be the End of the Twinkie?
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Court Administration:
Judicial Conference Votes to Curb Career Clerks
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Hearing Transcripts to Go Online
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Software:
SCO says there is 'substantial doubt' it will survive
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SCO's Last Bankruptcy Straw
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Banking:
Have Litigators, Will Travel
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There's a run on a bank in Britain: Could it happen in the US?
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NetBank's future a 'grim situation'
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Mass Torts:
Famous Litigator Pleads Guilty to Defrauding Clients, Faces Up to 15 Years in Prison
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Politics:
Attracting Young Voters with Debt Relief
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Layoffs:
Facility Closures and Permanent Mass Layoffs (Sept. 16-22)
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Payday Lending:
Prospera's Experiment
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Bankruptcy Statistics:
Bankruptcy Filing Figures Through August
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UK:
Darling caught off guard by first big test
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Northern Rock bosses under fire
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Bank of England Offers New Infusion of Loans
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Politics of a crisis
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Big Green Gathering in financial trouble
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IVAs 'have changed consumer attitudes towards bankruptcy'
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Publishing company in provisional liquidation
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Government launches loan shark crackdown
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Canada:
Real estate boom swells ranks of the house-poor
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Federal Gypsum Company under bankruptcy protection
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