September 25, 2007

Daily Bankruptcy News

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Law:

In Salary Twist, Firm Pays More -- and Less
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Bonus Watch: Washington, DC
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New lawyers face a tough job market
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Is the Legal Gold Rush Over?
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A Cold Slap for Law Students
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The "Haves" vs. the "Have-Nots"
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Associate Perk: Free Vacations
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Flexible future?
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Say What?!
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What Legal Superstars Charge
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Mel Weiss is sinking his firm
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Loyola 2L: Come Out Come Out Whoever You Are!
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Loyola 2L Hits the Big Time
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Small Firm Pays Big, But Not Right Away
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Junkie Prostitute-Turned-Associate Quits BigLaw to Bring Her Life to the Screen
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Mukasey's First Task as AG: Filling Ranks
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Be Prepared, Be Very Prepared
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DLA Piper Recruiting Rampage
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Dewey to accept LeBoeuf structure
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Attorney Leaves Big Tobacco Behind to Represent the Richest Man in the World
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Emotional Distress Suit Over 'Inhumane' Deposition Is Axed
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NY proposes conflict rule relaxation
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Scoring BigLaw for LGBT-Friendliness
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Motley Rice Considers Disbanding Atlanta Office
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Law School Loans About to Be Lightened for Some
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NY Lawyer Navigates Dating on the Cheap
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Mid-market UK firms bullish on results as credit crunch bite
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Dispute teams prepare for bonanza
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McDermott loses its way in London as US management keeps shtoom
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Columbia Law Dean Criticizes Ahmadinejad Invite
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"Die Hard" Director Sentenced to Hard Time in Prison
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Langston sues Bryant in bankruptcy court over $14M in legal fees
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Bench Beset by Record Resignations, Cash a Factor
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Economy:

Strike, rate cut echo theme of economic stress
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Global financial crisis to have 'far-reaching' impact: IMF
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The good, bad and ugly of Fed rate cut
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'The Fed is obviously terrified'
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Investor optimism tumbling on concerns on housing, energy prices
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Blackstone Oracle Foresees 'Meaningful Slowdown'
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Cash Management:

Sentinel doomed by 'excessive leverage,' trustee says
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Aviation:

Hawaiian, Mesa lawsuit heads to trial
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Hawaiian and Mesa vie for skies in court
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AMR Plunges as JPMorgan, Goldman Cut Profit Estimates
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Airlines Caught In a Tailspin
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Cessna out front to buy Columbia, officials say
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Flying for the Holidays? Brace Yourself.
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Cramped in Coach With No Peanuts Can Look Good
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Corporate Reform:

Billionaires in the Big House
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No new trial for former Suprema execs
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Celebrity:

Pearlman trustee goes after law firm
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2 Lawyers in Bankruptcy Case Crossfire
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Finance:

U.S. Leveraged Loan Risk Reaches Lowest in Almost Three Months
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Corporate-Loan Investors Strike Back
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Banks Reduce Backlog of Unsold Debt to $370 Billion
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Health Care:

Illness and Inability to Repay: The Role of Debtor Health in the Discharge of Educational Debt
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Hospital doomed by $100M in debts
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Autos:

Gettelfinger: UAW was 'pushed over a cliff'
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Union says it was left with no choice
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A weakened union plays its only trump card
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Walkout Over Jobs, Cost Cuts
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It's hard to see any winners in strike
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Reputation of Detroit 3, UAW seen as casualty
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In GM Strike, Both Sides See a Crossroads
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How Cerberus Hedged Auto Bets
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How long can the strike last?
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Striker wallets drained
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Resumption of Talks May Signal Short Strike
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Tactics from 1970 don't fit '07 reality
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Teamsters to honor UAW picket lines
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Dealers not yet worried
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Playing With Fire
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GM Strike Tells Us Everything About the Turnaround
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What's good for GM is good for the UAW
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Is the UAW strike for real?
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Brakes failed on efforts to avoid action
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High-stakes gamble for both UAW, GM
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Full text of UAW press release
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Walkout may impact GM suppliers
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UAW strike will affect all segments of MI
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On Strike at G.M., Resolute but Anxious About Future
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UAW Strikes! Union Slams General Motors for Failing To Address "Job Security"
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The day of auto job guarantees is gone
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Action is fight for way of life
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UAW Says Strike Is About Job Security
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GM strike costing 760 vehicles per hour
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US autos strike
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GM Strike: Not To Worry
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GM already gave at the office
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General Motors rating unchanged by strike - S&P
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GM strike sees 73000 walk off
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Now it gets interesting
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Dana says creditors panel got offer from hedge fund Appaloosa
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Youth Debt:

Banks: Hit 'em when they're young
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Food/Drink:

Bravo Brands files Chapter 11
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Krispy Kreme's Liquidity Woes
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Farmland will be next LeNature's asset for sale
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Golf:

"You're seeing golf courses all over the place filing for bankruptcy"
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Corporate Reform:

GAO says corporate penalties are too low
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SEC close to finalizing rules to help small public companies, private firms
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SEC's Small Biz Proposals Criticized
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Theme Parks:

Florida group bids for Adventure Parks Group
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Cypress Gardens May Get Another Bidder
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Prairie Rose lawyer wants train returned
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Accounting:

H&R Block Drops KPMG
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Forest Products:

Pacific Lumber Denied Severance Bid
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Palco workers denied severance pay for now
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Enron:

No appeal on Enron claims trading ruling
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Enron says ruling clears way for Citigroup trial
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Enron creditors commend rejection of appeal
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Mining:

Asarco asks to raise CEO's salary
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Layoffs:

Bank Of America To Layoff 2,500 LaSalle Employees
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Student Debt:

Colleges awaiting word on student loan investigation
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New Bankruptcy Opinions
(2 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?

Bankruptcy is the new black
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11th Circuit Limits Nasdaq's Immunity In WorldCom Suit
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Will the Coming Flood in Commercial Bankruptcies Look Like 0's and 1's?
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Bankruptcy Reform:

House bill would let courts alter mortgages
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House bill would shield workers in bankruptcies
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Democrats Ready Push for Labor
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Real Estate:

The Loan That Keeps On Taking
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Sub-prime to the ridiculous
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Lenders Require Higher Credit Scores
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American Home Mortgage faces inquiry
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Deed and Note Traders files for bankruptcy
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Risky Loans Help Build Ghost Town of New Homes
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Mortgage REITs face mounting liquidity pressure: Fitch
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Sink or Swim: Liquidity Issues Plague Builders
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Fortress' subprime unit Nationstar halts US loans
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USA Capital's former owner offers few answers
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Commercial rentals slow nationwide
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Countrywide Sees Modifying 25,000 Mortgages in '07
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Wall Street:

A Pullback After a Global Credit Warning
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Utilities:

Calpine cuts estimated return in bankruptcy plan
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Hedge Funds:

Bear Stearns Liquidators: No Chap. 11
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US judge allows time for hedge funds' bankruptcy in Cayman Islands
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Hedge fund collapse boss faces legal fight
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Courts:

PACER online to carry District Court, Bankruptcy Court transcripts
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Software:

Pass the source, please
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Publishing:

Too many newspapers and not enough readers shaking up publishers
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Intellectual Property:

Patent Law Collides With Bankruptcy: Federal Circuit Denies Bankruptcy Liquidation Trust Standing To Sue For Patent Infringement
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UK:

Who is taking the lead at Northern Rock?
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Only £4.4m left to protect UK's bank deposits
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Valuing Northern Rock
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Credit crunch to hit hardest in 2008
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ING Has 28.7 Bln Euros of Alt-A Mortgage Exposure
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80% of professional services companies are hit by fraud
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A&L fees come under fire
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Erinaceous admits breaching bank covenants
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Germany:

Deutsche Bank's Sticky Debt Problem
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German bank shares fall on fears of subprime market fall-out
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Romania:

Bankruptcy surges 50% in Romania
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Germany:

German business sentiment slips in Sept.
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