September 6, 2007

Daily Bankruptcy News

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Law:

Dorsey & Whitney adds bankruptcy partner from Proskauer
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BigLaw Firm Premieres in LA
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Distribution of 2006 Starting Salaries for Lawyers
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Mayer Brown future up for grabs as competing visions vie for dominance
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Sonnenschein Sued for Millions by Former Partner
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Mandatory retirement policies have split the legal industry
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'Retired' Partners Re-Hired at Other Firms
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Anonymous Lawyer
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Judge of the Day: Herman Thomas
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The Bruised Booze Cruiser: An Alternate Account
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Law School of Rock: Mikey Mel & The JDs v. Josh Keesan
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As Clients Come Knocking, a Small-Firm Dream Gets Bigger
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SmithAmundsen Announces the Expansion of Its Bankruptcy Practice
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Firm Survives 9/11 Attack, But Changes
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Orrick Attorney Puts Activism on Hold to Make Partner
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Law Firms May Dodge Malpractice Bullet at Calif. High Court
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Law Firms Can Send Registered E-Mail
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Sex With Client's Mom Requires Waiver
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Policies on law firms billing during travel time
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Unknown Freshfields claim comes to light
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King & Spalding, Alston & Bird Announce Plans for New Offices
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Proskauer prepares London launch
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EPP is the new PEP
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Say What?!
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Revealed: London's true £1m partners
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Magic circle left wanting in female partnership stakes
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Former Judge, Prosecutor Sentenced in NC
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Profession-wide move to merit-based remuneration tolls death knell for associate lockstep
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How to Have the Best Interviews
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Wall Street:

US stocks slide further after drop in home sales
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Stocks Fall Sharply on Home and Fed Reports
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Stocks Slip as Fed Says Credit Crisis Is Contained
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Wall Street On Pause Ahead Of Slew Of Key Economic Data Thursday Morning
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Banking:

Money Market Squeeze Is Getting Worse, Barclays's Bond Says
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Two major US lenders nix plan to merge
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Global Credit Rout May Paralyze Infrastructure Loans
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Banks issue record amount of dollar debt
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Health Care:

Law firm seeks to recover hospital funds for creditors
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Lawsuits target assets distributed before hospital closed its doors
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Supply is Up "Dramatically," Says Medical Debt Buyer
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Insurance:

Hank Greenberg's Tonya Harding Act Falls Flat
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Hedge Funds:

Citigroup Closing Its Tribeca Fund
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GA shuts two struggling funds
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Moody's Lowers Outlook on Commercial Paper Funds
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Accounting:

S.E.C. Accuses Saks of Deceit on Earnings
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Mining:

ACORN wants ASARCO decision to be made in EP
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Food/Drink:

Krispy Kreme Is In Serious Trouble
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Corporate Reform:

Ex-Street couple pleads guilty to insider trading
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Bankruptcy Reform:

The 7th Circuit "Hangs" with the Minority - Or Does It?
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Autos:

Delphi shareholder, employee settlements move forward
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Ex-CEO hopeful about Detroit 3
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Real Estate:

US pending home sales plummet by 12%
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Pending Sales Slide Should Be No Surprise
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Democrats Prepare Bills to Tighten Loan Rules
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More Subprime Side Effects?
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Markets are stable, but subprime fallout far from over, Treasury, SEC and other agencies tell Congress
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Tucson pink slip bombshell
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Delta Financial discounts loans to raise capital
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What People Can Do if Foreclosure Looms
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Cutaia bankruptcy filing reinstated
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Former Fed governor Gramlich, subprime lending critic, dead at 68
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McMansion bankruptcy losses are justified
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Can the Mortgage Crisis Swallow a Town?
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Countrywide Financial To Cut 900 Additional Jobs
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First Magnus asks to borrow $15M to help with liquidation
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ResCap spreads may overestimate bankruptcy risk
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U.S. commercial real estate may see price drop
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Housing Still Sinking
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Home-equity loans dry up
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Third of home loans fail to close in August
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Credit Flu May Delay Housing Recovery
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Economy:

US Economic Slowdown Expected
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OECD Sees Sharp US Economic Slowdown
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Accounting and Finance Worker Confidence Drops 7 Points
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Fed Survey Finds Economy Holding Up
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World markets tumble on OECD warning
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Gov't Official: Hit to Economy Not Over
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Cash Management:

Just Another Day At Sentinel
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Bankruptcy Rules:

Proposed amendments to the Federal Rules of Bankruptcy Procedure, For Comment
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Tax:

Banker Sentenced for Three Decades of Tax Evasion
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Theme Parks:

Judge kicks Zoomers out of bankruptcy protection
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Belgian company sues Etheredges over rides
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Religion:

Priest Abuse Victims Wary SD Diocese May Renege Settlement
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Crucial hearing postponed in diocese bankruptcy case
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Judge Pushes San Diego Diocese To Settle
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Publishing:

Business 2.0 Magazine Shutting Down
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Student Debt:

Report highlights student-loan conflicts
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The Dirty Secret of Campus Credit Cards
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House-Senate deal reached on college aid
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Predatory Lending:

McGraw continues fight against Internet payday lenders
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Lawsuit says is payday lender posing as sheriff's employee
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M&A:

The crisis of confidence choked off the easy credit that fueled buyouts, abruptly altering M&A psychology. Until the squeeze eases, stock-swap deals with strategic merit likely will prevail.
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Mass Torts:

Fen-phen lawyers seek ruling's stay
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Pensions:

New rules on underfunded pension plans call for corporate action now
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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?

Local Rules:

New Ch. 13 Flat Fee Rules - MDFL, Tampa
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Northern District Of California Bankruptcy Court Proposes Amendments To Local Rules
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Proposed Amendments To SDTX BK Local Rules
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Horse Racing:

NYRA renewal subject to political wrangling
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Panel: NYRA picks bad bet in deal
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Aviation:

In the year ended June 30, 121 regularly scheduled flights were late more than 70 percent of the time
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Credit Cards:

Consumers Will See Credit Term Changes
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Aviation:

AirTran pilots vote out union president, vice president
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Refco:

Refco Execs: Insurer Won't Pay Legal Fee
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Bankruptcy Statistics:

Bankruptcy filings climb 34% in August
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Layoffs:

Facility Closures and Permanent Mass Layoffs (Sept. 2-8)
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Lay-offs spike: sign of a recession?
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Rating Agencies:

Pressure Tightens on Rating Agencies
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Moody's slashes SIV ratings
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Municipalities:

A looming bankruptcy
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New Concerns in Europe About Credit Fallout
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How To Beat Seller's Remorse
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UK:

'Quickie' insolvencies (prepacks) help preserve jobs
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Holiday ticket firm goes under
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Boss tried to hide cash as firm went bust, jury told
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BoE keeps interest rates at 5.75pc amid market turmoil
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Homeowners still heading for rate shock
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Canada:

More interest relief on student loans urged
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Lawsuit against fund dealers in Portus case blocked
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EU:

Euro Deposit Rate Falls Most in 2 Weeks on ECB Offer
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ECB holds interest rates steady
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India:

How to deal with recovery agents & debt
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Cayman Islands:

US ruling could impact hedge funds
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New Zealand:

Another finance company in receivership
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Indonesia:

BI holds key rate
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Ireland:

Troubled Irish Company Allowed to Revamp
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