September 27, 2007

Daily Bankruptcy News

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Law:

Lawyer's Blackberry rings up fine in court
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13-Lawyer Raid Highlights Lateral Hijinks
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NY Firm Moves Into Roomier Downtown Digs
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Playing 'Peekaboo' with Debra Wong Yang of Gibson Dunn
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Bonus Watch: San Francisco
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Small Law Firm Has a Big Appetite for Litigation
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Mukasey's AG Nomination Boosts Patterson Belknap
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The Client Survey Says . . .
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Outsiders turn to out-of-town talent in efforts to crack key Big Apple market
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Navigating a Turnaround
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Big fees follow big risk for trial attorneys
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Magic Circle Firms Have the Magic Touch
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Former Attorney General of U.K. Joins Debevoise & Plimpton
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Barlow Litigation Team Defects to Mayer Brown
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Judge Draws Fire for $9.11 Giuliani Fundraiser
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Court: Lawyer Lied in Firm Fight - But Which One?
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No Ruling on Craig Restroom Plea Issue
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Eversheds faces £20m negligence claim
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Wall Street:

Buffett Said to Consider Bear Stake
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Outlook for Trader Bonuses: The Bloom is Off the Rose
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Merrill Lynch May Write Down Assets by $4 Billion
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Corporate Reform:

SEC Probes Whether Issuers Pressured S&P, Moody's
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Executive gets 20 years for fraud in stock scam
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Rating Agencies:

Credit rating firms grilled on Capitol Hill
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Senators accuse rating agencies of conflicts of interest in market turmoil
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Mass Torts:

Court OKs Reorganization of Ex-RHI Units
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Federal-Mogul Struggles to Exit Chap. 11
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Aviation:

UAL's board mulling asset sales
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Mesa denies trying to kill off Hawaii airline
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Finance:

Despite economy, companies still leasing and financing equipment; new deals reach $6.9 billion in August
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GE, the Old-Fashioned Lender
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Chemicals:

Solutia says poised to emerge from bankruptcy
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Health Care:

Ailing North Jersey hospitals get a little breathing room
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BMC board backs offer it likes
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Chris Benoit's former doctor expects to file for bankruptcy
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Union set to assume $51 billion responsibility
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Kids' Health Coverage Gets House OK, Bush Veto Expected
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Weyerhaeuser says decision reversing bankruptcy court on spin-off
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Autos:

Text of the UAW's statement
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Summary of UAW-GM contract agreement
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GM and UAW both claim contract victory
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Short Strike Signals New Era for Weaker Union, GM
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Most call VEBA good deal for GM
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New pact will give UAW health care clout
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US Auto-Parts Makers Gain on GM-UAW Labor Agreement
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GM Steps Back From the Brink
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Analysts see quick Ford, Chrysler deals with UAW
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Union could meet resistance at Ford, Chrysler despite GM deal
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Lazard's Man at UAW Taps Into a Veteran Of Auto Clashes -- Dad
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GM Pact Still Faces UAW Member Vote
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Challenge moves to showroom
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Reality intrudes at General Motors
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New contract gives GM a chance at competing
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With Strike Over, Detroit Faces Old Worries
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The Big Three finally add up to big trouble for blue-collar workers
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Credit Reporting:

Credit Checks and Balances - Credit Has Become A Life Necessity
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Hedge Funds:

An Absolute Mess
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SEC Brings Fraud Charges Against San Francisco Hedge Fund Manager
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Hedge Funds Anticipate Recession in 2008
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Two Panels to Advise on Hedge Funds
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Hedge Fund Bankruptcy Echoes in Memphis
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Bear Stearns taps rivals for hedge fund services
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Banking:

Fremont Says Ford Isn't Prepared to Complete Purchase
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Insurance:

Insurers Want U.S. to Curb Competitors' Fund Transfers to Bermuda
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Student Debt:`

Sallie Mae says buyers do not expect to close deal
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Telecoms:

Vonage's Prospects Dim
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Furniture:

Bombay earns OK from judge
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Utilities:

Calpine gets green light for new plant
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Banking:

Overdraft fees hit young adults hardest -- is it fair?
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Predatory Lending:

D.C. Lowers The Boom On Payday Lenders
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Empirical Research:

Warren: Pre-testing Makes Perfect
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Golf:

Cat Island's South Carolina National Golf Club sold for $2 million
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New Bankruptcy Opinions
(5 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?

Real Estate:

Wilbur Ross leads bidding for American Home unit
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Countrywide: Mortgage Restructure Free-For-All?
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Subprime: It's Not About Creditworthiness
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Some First Magnus managers lost assets
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First Magnus Won't Fight WaMu Over Loans
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More downgrades for American Home
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Thwarted Homebuyer Does the Old Saw-the-House-in-Half-Trick . . . Horizontally
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Foreclosures swamp housing aid groups
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House panel OKs mortgage debt forgiveness tax bill
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Credit Cards:

Gravel had some tough words for credit card companies
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Celebrity:

McLean admitted taking clients' money, trustee says
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Economy:

Durables Don't Look So Tough
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Food/Drink:

Podlucky account target in probe
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US seeks control of Le-Nature's jewelry
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Teamsters say Interstate Bakeries' right to file reorganization should be closed
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Avoidance Actions:

Ordinary Course Preference Case Takes Extraordinary Turn: Ninth Circuit Strikes Down Local Bankruptcy Rule On Jury Trials
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Enron:

5th Circuit OKs Super-Long Enron Brief
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A Short Post About a Long Brief
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UK:

Bank's big auction begins with no bidders
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Rock crisis revealed 'deep flaws
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UK authorities failed Northern Rock - CBI chief
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CBI turns on BoE in `banana republic' attack
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Canada:

RCMP charge co-founders of Portus Group with fraud, money laundering
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Cayman Islands:

Court can halt bankruptcy probes
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Japan:

IPMobile's dream over before it's even begun
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