April 1, 2008

Daily Bankruptcy News

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Law:

US crisis manna for bankruptcy lawyers, foreclosure experts
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Bankruptcies stay steady; lawyers stay busy
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Law Firms Beef Up For Bankruptcy Work, the Hottest Growth Area
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Wall Street Collapse: A Silver Lining for Lawyers?
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Global Dealmaking Drops More Than Two-Thirds for Big Law Firms
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Failed Corporate Deals Fuel Malpractice Suits Against Firms
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US firm smashes £100k pay barrier for London associates
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Judge rules Milberg correctly charged
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Samuel Fishman and Lawyer Fraud: Why Risk so Much for So Little?
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In effort to be "green," firm to run sheep pilot scheme at new digs
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Ex-Jenkens Lawyers Land on their Feet at Hunton
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The U.S. News Rankings: More Wailing and Gnashing of Teeth
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Motion Asks Judge to Refer Pillsbury Bankruptcy Partner for Possible Perjury Prosecution
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Ethics Commission Recommends Suspension for Miss. Judge Tied to Scruggs
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Less M&A Work for Lawyers in Q1
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Trial, appeal, merger - in just hours
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"Joke" Motion Lands Lawyer in Hot Seat
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Hiring Lawyers by the Numbers - Procurement divisions get more involved in hiring outside counsel
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Gibson Dunn Latest Target in Refco Fallout
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Judge Denies Punitives for Bedbug Plaintiffs, But Lets Case Go to Trial
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Aging Bulls: Older Lawyers "Blunt" in Assessing New Generation, Changes in Profession
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Speech Lessons From Obama
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Green Law Firms Are Where It's At
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Federal Circuit May Be in for Big Changes
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Ex-Houston DA Fined $19K for "Venomous" Deletion of E-Mails
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No Criminal Charges in Death of Anna Nicole Smith's Son
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Lawyers Starting Their Own Firms Take a Leap of Faith
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If You Have to Lose a Trial, This Is the Way To Do It
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Wall Street:

Futures Gain on UBS, Deutsche Bank News
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Market Plunges, Fed Acts
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Debt Turmoil Hits Street Stock, Bond Sales
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Stocks gain, led by financial companies
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The last days of Bear Stearns
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Funds eye court action against Bear Stearns
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Chaos on Wall Street
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We can't trust Wall Street - we need an 'FFA'
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Trying to Get Up Off the Mat - Bernanke Offers a Hand, As Stocks Fall in Quarter; Where's the Turning Point?
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Financial markets wait for next shoe to drop
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Aviation:

Aloha employees rally at bankruptcy court
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Governor tries to intervene in Aloha bankruptcy case
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Judge won't stop Aloha Airlines closure
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Goodbye, Aloha
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Kaua'i workers brace for future
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In the end, loyalty went out window
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Employees still in shock over shutdown
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Hawaii authorities try to stop Aloha from closing
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Aloha Airlines Crisis Will Test Emergency Powers
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Lack of Cash, Suitors Kills Aloha
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Aloha's closure leaves travelers stuck on ground
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Remaining Isle carriers move to fill void from Aloha's closing
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Aloha's quick demise didn't surprise everyone
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Aloha Employees Rally, Thank Lawmakers
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Aloha Passengers Look For Refund
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Post-war prejudice gave rise to Aloha
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Hawaiian stock soars amid Aloha closing
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Champion Air shutting down May 31
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Teamsters win right to represent UAL mechanics
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Payout for Northwest Chief, if He Goes
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Lack of details from Delta, Northwest good news
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American Airlines flight attendants to launch campaign against executive bonuses
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American Airlines Fights to Quell Bankruptcy Fears
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Airline profit guidance lowered again
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Alitalia union walks out of Air France-KLM talks
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Talks on Air France-KLM takeover of Alitalia extended
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Recording Industry:

Ampex files for bankruptcy protection
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Education:

International pilot academy at Ryan Airfield files for bankruptcy
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Politics:

Clinton didn't pay health insurance bills
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Hillary's Delta Blues
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McCain guru linked to subprime crisis
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John McCain, Anti-American?
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Clinton campaign head made $200,000 with subprime lender
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Obama Statement on Countrywide Payouts: "Outrage"
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Clinton, Obama Criticize Paulson Plan
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Credit Cards:

Plastic Card Tricks
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Doomsday cult calls credit cards satanic
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Credit cards at ski resort compromised
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Skiing:

Tamarack Resort Announces Layoffs, Credit Suisse Files Another Suit
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M&A:

M&A bankers see big drop in fees
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Banks want Clear Channel lawsuit tossed Mar
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Layoffs:

Dell: We'll save $3 billion; Cut 8,800 positions
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Channel 2 whacks anchor Mary Ann Childers, 17 others in cost-cutting
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Insider Compensation:

CEO compensations draw ire, support
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Setting Bonus Targets With Hindsight
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Municipalities:

BJCC officials say their bonds unfairly tarnished because of association with Jefferson County
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Osos district wants judge to free up frozen funds
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I wanna work for Oakland
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Real Estate:

White House plan offers little foreclosure relief
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One man's mortgage nightmare - He's sick, out of work and likely to lose his home
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Is Bush Embracing the Dodd-Frank Sub-Prime Bailout Plan?
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Extent of Gov't Mortgage Help Unclear
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Homeowner relief bill stalled in Senate
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Democrats seek quick strike vs. foreclosure
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San Francisco Fed's Yellen says more solutions needed to mitigate foreclosures
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Lehman looks at halting subprime loans
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KKR Financial Settles Dispute With Creditors
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KKR Financial Reaches Lender Deal, Will Sell Shares
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HUD Chief Resigns Amid Criminal Probe
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Foreclosures Hit Multi-Family Homes Hard
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Big bucks spent for N.Y., Florida legal advice in TOUSA bankruptcy
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Nevada foreclosures making housing personal for Reid
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Thornburg raises $1.35 bln to head off bankruptcy
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PDG's plan prevails
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Subprime mortgage losses hit Conseco
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Corporate Reform:

Paulson Backs Regulatory Overhaul, Broader Fed Role
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Fed eyes Nordic-style nationalization of US banks
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Time to Nationalize Citigroup?
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Paulson's gamble
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Treasury Official Behind Finance Overhaul
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Obstacles Seen as Treasury Rolls Out New Financial Rules
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Paulson Plan Gets Blasted
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Critics swarm plan to retool Wall Street oversight
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On Paper, Wall Street Gets Its Way
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Wall St. Not Seen Changed by Oversight
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No ulcers for Congress in Paulson regulatory plan
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Fed up with the Fed
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Schumer Has Praise for Paulson's Regulatory Restructuring Plan
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Dodd: Treasury Plan Falls Short
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Paulson's plan too long-term for some in Congress
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Insurance Industry Split Over Paulson Plan
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Hedge Funds Get a Pass
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Paulson's Speech Brings Results Already
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Paulson's Fig Leaf
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Financial patch and mend won't do
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Reserve requirement for i-banks is coming, predicts Pimco's Gross
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The Fed And The Henhouse
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SarbOx seen in new light following subprime fiasco
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Lehman to Offer Convertible Stock
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Massachusetts securities regulator: Paulson's plan absurd
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Colorado Proposes Tough Law on Executive Accountability
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Health Care:

59% of U.S. doctors support universal health care
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Governor signs hospital bankruptcy bill
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Mass Torts:

Montana Can Be Sued Over Grace Case
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Cash Management:

Sentinel Ex-Executives Near Settlement
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Alternative Fuel:

Second ethanol company struggling
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Pacific Ethanol suffers a bigger-than-expected loss
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Central Illinois to sell assets
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Biofuel startup slow going as slow as molasses
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Accounting:

More Totally Useless Auditors: New Century Financial
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Financial Literacy:

Sallie Mae Commemorates April as National Financial Literacy Month
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Advertising:

Interep Restructures, Refinances Its Debt
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Interep to seek OK to tap DIP
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Forest Products:

Harvard Endowment May Buy Timber Tract
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Palco case plods onward
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Student Debt:

Lenders bail out of student loan market
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Pensions:

Retirees' pensions cut at Inco
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Religion:

Davenport diocese offers to put schools, churches into settlement
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Court Administration:

Bankruptcy court using e-mail , less paper
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Tech:

AGT's post-bankruptcy plans
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AGT files Ch. 11
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Golf:

Utah's Promontory Club in Bankruptcy
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Retailing:

Princeton Ski Shop Closing Doors
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Hoop to tap $30M funding
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Credit Counseling:

Debt Management Industry Shows Record Growth as Credit Crunch Sets In
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Oil/Gas:

Congress Has Big Questions for Big Oil
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Predatory Lending:

Payday loan ban denies freedom to consumers
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Insurance:

White Mountains gets Answer equity
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Resorts:

Tamarack will begin temporary layoffs
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Media:

Creative's DIP says it's for sale
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Gambling:

Trustee to run riverboat during sale and licensing
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New Bankruptcy Opinions
(1 new opinion 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)
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Bankruptcy Reform:

Senate Democrats to seek support for foreclosure prevention bill
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GOP housing woes
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Bankruptcy reform wrongly peddled as housing-crisis fix
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Bankruptcy Education:

Online International Bankruptcy Course
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Hedge Funds:

Activist Hedge Fund Pardus Halting Redemptions
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No Pardons for Pardus Investors
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Man Group seeks to profit from credit crunch
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Hedge fund legends humbled by crisis
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Economy:

Midwest Business Contracts in March
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Business Off in Several U.S. Regions, Indexes Show
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U.S. production figures healthier than projected
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Dollar May Fall Against Euro Before March Manufacturing Report
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Trichet, King May Support Fed as Ammunition Runs Low
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Quiet N.Y. Fed Chief Makes Loud Moves
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The 'Recession' Is a Media Myth
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Can Fox News Survive After The Bush Era Ends?
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Legg Mason Profit Cut by Pact to Support Money Fund
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Food Prices Rise, Farmers Respond
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Banking:

UBS to Write Down $19 Billion; Chair Will Depart
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UBS Looks To Firm Up Its Capital Base
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Deutsche Bank to Write Down Record 2.5 Billion Euros
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Citi Splits Consumer Banking, Card Units
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Luksic group could buy stake in Citi
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Tenn. banks wrestle with housing decline
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Turnarounds:

How Jack Hockema brought Kaiser Aluminum back from bankruptcy
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Autos:

Judge approves Delphi extensions as financing deadline nears
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March auto sales seen capping dismal quarter
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G.M. Closes Car Plant; Parts Maker Tries to Push U.A.W.
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Strike at American Axle may threaten Chevrolet Malibu
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Stakes rising in Axle strike
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American Axle looking to hire workers
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American Axle workers strike for fairness, not greed
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Visteon cuts CEO pay
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Chrysler retirees lose life insurance
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Corporate Governance:

Modern Corporate Governance and the Erosion of the Business Judgment Rule in Delaware Corporate Law
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Boating:

Ill economic winds batter the boating industry
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Personal Finance:

More Americans Delay Retirement
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Intellectual Property:

Exclusive patent license deemed non-assignable
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UK:

Failure has never been so richly rewarded
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Allen & Overy and Freshfields bag over £15m from Northern Rock
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House prices likely to fall by a quarter in two years
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Pound slumps to record as housing fears grow
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Investment banking at the end of the road
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Rock in red until 2012
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Nowhere to go for 'Northern Rock orphans'
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Pickfords bought by rival but jobs not guaranteed
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King warns of 'radical change'
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Survey reveals job loss fears
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Foreign 'investment' homes leave woman facing bankruptcy
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Paragon to axe jobs over funding crisis
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Canada:

Bankruptcies can be rife with nuance and complexity
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Typical Canadian bankrupt is man next door
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Quebecor World closes older plant
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Quebecor World says retooling near completion
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ABCP committee hits the road to sell its restructuring plan
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Ontario takes aim at payday loans
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Creditors meeting on TrentonWorks rail car plant adjourned for two weeks
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Spain:

Spanish property firm Labaro seeks administration
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Switzerland:

Swiss prosecutors narrow case against FIFA's former marketing partner
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South Africa:

Analysts Fear Increase in Liquidations, Bankruptcy
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EU:

ECB's Noyer Says Prices Must Be Anchored for Rate Cut
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Japan:

Japan watchdog probing Cerberus
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Japan Tankan Business Confidence Falls to 4-Year Low
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Gloom over Japan economy deepens
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Japanese CMBS transactions ratings unaffected on Reicof bankruptcy
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Nursing Care Firm Another Victim of Investment Fraud
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Australia:

Opes under 'share manipulation' probe
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Russia:

Capital flight puts Russia on the ropes
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China:

China Drafting Financial Institution Bankruptcy Ordinance
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