September 20, 2007

Daily Bankruptcy News

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Law:

Greenberg Traurig Expands Reorganization and Bankruptcy Practice
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S&C Shows Associates the Money
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Milberg Statement on Expected Mel Weiss Indictment
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And Then There was Melvin
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Melvyn Weiss is expected to be indicted in the long-running criminal probe of the trial lawyer's firm, Milberg Weiss
(WSJ: separate paid subscription required)

Bill Lerach and John Edwards: BFFs?
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Mel Weiss Expected To Be Indicted Tomorrow
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Milberg Ex Steven Schulman Nears Plea Agreement
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Quinn Emanuel to Try Out 72-Hour Interview
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US firms target UK mergers as battle for London heats up
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Freshfields cashes in on Northern Rock
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Say What?!
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Dry Cleaner Closes After Pants Battle
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Dan Rather Sues CBS For $70 Million
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Social Networking Just for Lawyers
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Key Business Cases May Do Supreme Court Disappearing Act
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E-Discovery 'Fiasco' Stalls Case, Hikes Costs
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Partnership Alternatives Gaining Acceptance at Top London Firms
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A Simple Column
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Marketing 101 for Law Firms
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In-Housers Get a Pay Bump
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BigLaw Firm Inks Office Deal, Gets Building Named for Firm
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Lawyer Sued for $17 M Over Claimed Dual Role
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Police: Lawyer Robbed Drugstore
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Real Estate:

Regulator Relaxes Fannie, Freddie Investment Rules
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Lone Star Buys Accredited, Finally
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American Home bouncing tax checks around country
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Bankruptcy judge criticizes First Magnus request for employee wages
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Subprime Borrowers to Lose Homes at Record Pace as Rates Rise
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Impac to All but Cease Loans and Omit 2007 Dividends
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Paulson, Bernanke Prepare to Defend Response to Housing Slump
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Mortgage broker files for bankruptcy
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Autos:

UAW, GM continue talks in Detroit
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GM seeking UAW givebacks in 3 areas
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Auto Talks Move Away From Health Care Benefit
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Healthcare is sticking point in car contract talks
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GM, UAW Discuss Retiree Health Options
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GM-UAW: Still No Deal as Patience Wears Thin
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Tower Automotive chief declines job with Cerberus
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CarMax Hits the Skids as Auto Buyers Dry Up
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Bankruptcy judge to set Dana EPA liability
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Economy:

Did the Fed go too far?
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Fed keeps the market guessing on rates
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The Bernanke Backlash
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Bernanke Made a Big Mistake
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Careful With That Ax, Ben
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Second-quarter earnings better than expected, but Q3 likely to disappoint
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Central banks lack tools to fix credit market panic
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Dear Mr. Bernanke: Fix the Housing Mess
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Consumer prices fell 0.1% last month, the first decline since October 2006, supporting the Fed's aggressive rate cut. Housing starts fell 2.6%
(WSJ: separate paid subscription required)

A rate pirate on the high debt sea
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US rate cut decried as 'socialism for Wall St'
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Software:

SCO now facing Nasdaq delisting
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Mining:

Judge approves payment to Asarco union
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Celebrity:

Bankruptcy trustee files motion against former Pearlman lawyer
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Theme Parks:

California company still intends to buy Wild West World
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Corporate Reform:

Penetrating the Private World of Corporate Monitoring
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Retailing:

Retailers may have worst holiday in five years
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Health Care:

BMC's creditors' war aired at bankruptcy case hearing
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Brownsville hospital project receives funding
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Aviation:

Criminal defense lawyer to represent Mesa CFO
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Food/Drink:

Chapter 11 for 19 TGI Friday's
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Student Debt:

Is deal to buy Sallie Mae broken?
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Banking:

Bankers sweat over sub-prime accounting
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Debt Collection:

New Law Protects Illinoisans from Invalid Debt Claims, Zombie Debt
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Texas AG Sues Collection Agency
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Restricted, distressed securities get e-marketplace
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Grammatical challenges in business bankruptcy
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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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Bankruptcy Claim Auctions
Trade Receivable Exchange
Sell your Chapter 11 claim to the highest bidder
Are You Getting the Best Price?

U.S. company defaults may reach $35 billion in 2008
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S&P Warns A Big Increase In Debt Defaults Is Coming
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Bankruptcy Reform:

Dick Durbin Does Bad Bankruptcy Bill
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Trustees:

Wiley Rein Partner Jason Gold Profiled for His Work As a Bankruptcy Trustee
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Hedge Funds:

Bear's prime brokerage biz may have lost market share
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Fugitive N.Y. Hedge Fund Manager Caught -- Again
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Utilities:

Calpine shareholders want exec VP's consulting firm off the case
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Calpine files new reorg plan
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Calpine value may be falling, creditors say
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Wall Street:

Morgan Stanley Profit Drops After Losses on LBO Loans
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Lehman's Bookkeeping Goulash Masks Hit From Loan Write-Downs
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Headed for an epic bear market?
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Well-known bankruptcy attorney Alan Broxton dies
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UK:

Northern Rock fiasco proves public no longer rely on government
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Why Northern Rock Crumbled
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Bank of England's King defends Northern Rock role
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King: Wanted To Act Covertly As Lender Of Last Resort To NR
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Northern Rock falls on government warning
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Northern Rock Shares Drop After UK Limits Guarantee
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Bank's bail-outs may be kept under wraps
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Soaring repayments for 250,000 as UK faces its own sub-prime crisis
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Bankruptcy set to soar, warns expert
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Credit crunch hits high street
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Germany:

Deutsche Bank's Mistakes to Curb Profit, Hiring
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Trinidad & Tobago:

Judges need training in bankruptcy
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