April 25, 2008

Daily Bankruptcy News

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Law:

Subprime-Crisis Lawsuits 2008: By the Numbers
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A Firm Goes Green
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Creative ways to keep on billing when the lights go out for Earth Hour
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Anatomy of a Deal Gone South
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London Partners to Associates: At $125K, We're Paying You Too Much
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Do Associates Feel Pressure To Give Political Donations To Candidates Supported By Senior Partners?
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Survey Results: Payback?
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N.J. court rules lawyers must report colleagues' known misdeeds
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Loyola of New Orleans, Exonerated?
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Linklaters may ditch Eastern European offices
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Cashflow worries at Mayer Brown?
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Fame and shame in top 100 UK lawyers list
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Rumors of European layoffs at Dechert
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Pay Cut Prompted a Shearman Office in Mannheim, Germany, to Jump Ship
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Defections May Close Blank Rome Office
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Ex-Scariest Lawyer in the World Gets (Temporary) Reprieve From Prison
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Bankruptcy judge delays Nifong ruling
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Nifong Wants All Cases Tried In One Court
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Diversity Manager Hiring Rises, But Are They Effective?
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After Carrot Attack, Woman Sues Husband Over Loss of Eye
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New York AG Pension Probe Focuses on 12 Attorneys from 1 Law Firm
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N.Y. Firm Preemptively Sues Secretary Who Threatened Rape Suit Against Partner
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Client Intake is Purely Operational. Not.
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Thompson & Knight Expands Corporate Reorganization & Creditors' Rights Practice
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Texas Appeals Court to Hear Emergency Challenge in Polygamy Ranch Raid
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'Bad Dads': New Fox Reality TV Program Collects Child Support
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James Spader Argues Before ABC's 'Supreme Court'
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Minnesota Judge Doesn't Need a 'Sexpert'
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Say What?!
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Judges:

Don't play the Somma card, Randi
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Judge, Former 'Thug' Who Kicked Whites Out of Courtroom, Teams Up With Bill Cosby
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Aviation:

Delta and Northwest try to reassure Congress on merger
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US lawmakers mostly receptive to Delta-Northwest merger
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Delta CEO Says Fewer Than 1000 Layoffs From Merger
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Delta: Merger won't affect fares
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House Antitrust Task Force: Go Slow On Delta-Northwest Merger
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Airline chiefs get cool congressional reception to merger
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Machinist President Urges Congress to Reject Airline Merger Scams
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Why US Airways Is Flying Solo
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US Airlines Cut Capacity, Charge More Despite Strong Demand
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US Airways, Alaska Air Post Losses as Fuel Costs Rise
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Republic surprised by Frontier's move to end leasing contract
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Company halts effort to buy carrier's cargo unit
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Aloha Air, pilots meet with federal mediations
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Travel insurance popular amid airline woes
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Airlines slam Alitalia loan, EU voices doubts
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Ryanair calls out Alitalia illegal aid
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Thielert Shares Tumble 72% as Investors Refuse Funds
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Jewelry:

LID Ltd to Auction Entire Inventory in Bankruptcy Proceeding
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Politics:

Mill Hill Populism
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Distressed Investing:

ADM Capital raises $418 mln for new debt fund
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The Midas of Misery
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Finance:

Leveraged loan market shows signs of life
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London benchmark rate under suspicion
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Auto Racing:

Rising fuel, hotel costs the pits for NASCAR fans
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Student Debt:

Arkansas offers $80M loan to help student loan agency
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Student loan agency offers buyouts, cuts college grants
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State pulls out of one student loan program
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Personal Finance:

WSJ: 'Time for Americans to start stockpiling food'
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Home Improvement:

Housing Slump Cuts Black & Decker's Profit
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Real Estate:

New-Home Sales Fall to Low Last Seen in 1990s
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New home glut: Inventory at 27-year-high
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NAHB's Seiders Projects Declining Home Starts In 2008
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Rates on 30-year mortgages top 6 percent
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FHA Helps Prop Up Housing Market
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Premier Properties retreats into bankruptcy
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SEC sues ex-USA Capital chief to recover 'ill-gotten gains'
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US House Panel Spars Over Housing Aid Program
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White House Plans To Veto Two Key Foreclosure Proposals, Says Frank
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The affluent, too, couldn't resist adjustable rates
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Homebuilders and bankruptcy
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Homebuilders: No recovery until 2009
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Kimball Hill Homes says it's talking with potential investors
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Kimball Hill's ratings lowered on Chapter 11 filing - Moody's
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Kimball to tap tax refund as DIP
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Neumann supplemental DIPs get OK
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Isleton gets OK for asset sale
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Talks Halted Over Seattle Property
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Autos:

Ford's huge 5-cent profit
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Finished celebrating? Now get back to work
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Latest round of Ford Motor Co. buyout and early retirement offers nets 4,200 departures
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Ford To Cut North America Production, Continue Job Cuts
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Ford Chief Mulally May Do for Automaker What He Did at Boeing
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Ford Faces Long Road Despite Gain
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Is the Ford turnaround for real?
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AutoNation 1Q profit tumbles as housing woes drag on sales
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UAW leader: American Axle seeks different terms at different plants
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'We're fired up:' Axle workers hit board room and picket line
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Delphi seeks to amend, extend credit agreement
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Delphi Corp. lowers 2008 forecast
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Unsecureds balk at Forgitron sale
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Rising yen, costs hurt Japan automakers; outlook poor
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Honda reports its largest profit loss in 10 years
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Economy:

Many states appear to be in recession
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Durables Orders, Excluding Transportation, Gain
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It's So Much Worse Than You Think
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Rice Climbs to Record as World Bank Warns of Thai Export Risk
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Telecoms:

Company hires investment bankers to explore options
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Food/Drink:

Food costs squeeze restaurants
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First Le-Nature's official pleads guilty to fraud
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Manufacturing:

HIG fights Versa bid for Shapes/Arch
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Retailing:

Amazon Gains, Despite an Economic Slowdown
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Retailer bankruptcies looking like those of auto-parts makers
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Corporate Reform:

Warren: Making Credit Safer - The case for regulation
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Ex-AOL Attorney and Former Exec at PurchasePro Acquitted
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Gabelli Funds To Pay $16 Million To Settle SEC Market-Timing Case
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Recent Rulings Pose Potential Threat to Backdating Settlements
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Frank Prods SEC to Study ARS Havoc
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SEC Gears to Stiffen Rules for Wall Street
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Home Depot Co-Founder Fails to Get Suit Dismissed Over Grasso's NYSE Pay Package
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Banking:

Barclays' profits set to fall
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Smithtown Bancorp profit climbs on surge in loans
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Credit Suisse sees no need for capital hike
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Commercial Banks Step to Fed Window
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So where are all the bank mergers?
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Municipalities:

City seeks to avoid $41M settlement
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Alternative Fuels:

Gore Ducks, as Backlash Builds Against Biofuels
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Money Management:

Where the Fingers Are Pointing
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Health Care:

MediCor clear to sell assets
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Oil/Gas:

Osyka lands stalking horse
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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)
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Newspapers:

NYT braces for bloodbath - first ever mass firing of journalists
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Wall Street:

Stock Futures Rally on Lower Oil
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SEC Sues Trader for False Rumors About Alliance Data
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Merrill helps brighten mood on Wall St.
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T. Rowe chief says credit pressures easing; stock jumps
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Microsoft earnings decline 11%; Concern about slowdown
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Bank debt deals not sign credit tightness has eased
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JPMorgan Offers Mayer $27 Million; Greenberg Stays On
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Bankruptcy Statistics:

WI: Bankruptcy filings up 30 percent across state
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Enron:

For Creditors, Enron's End of the Line
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scription Required)

Court Approves Enron Creditors Recovery Corp.'s Citigroup Settlement
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Insider Compensation:

Delta CEO got pay package of $11.3 million for four months in 2007
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Countrywide's Mozilo reaped $132 million as mortgage lender got hammered
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Fraud:

Feds: Adelphia Fraud Victims Can Ask for their Money Back
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New software purports to give auditors clues as to when executives' public statements indicate that fraud may be at hand
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Jerome Kerviel's new job
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Bonds:

N.Y.'s Dinallo says talking to SCA about capital
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Publishing:

Auction looms for Creative Group
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Corporate Governance:

How much D&O coverage do former officers and directors need?
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Tax:

Judge Sentences Wesley Snipes to 3 Years for Tax Convictions
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Internet Sales Tax Comes to NY
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Derivatives:

Boomtime for derivatives as investors bet on volatility
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Swap shop - Why one part of the credit markets just keeps on growing
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Resorts:

Equivest plan OK'd
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Advertising:

WPP Sales Rise Less Than Predicted on March Slowdown
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Recording Industry:

Death Row must cough up more cash
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Dry Cleaning:

Bargain Cleaners nears exit
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Financial Literacy:

Bankruptcy judge continues teen crusade
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Credit Cards:

American Express Revenues Rise on Higher Cardmember Spending; Credit Indicators in Line with Expectations
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UK:

U.K. Homebuilders Plunge on Persimmon Sales Slump
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A recession in the UK by 2009
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Archbishop attacks growing debt culture
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Lenders tighten screw in bad debts battle
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Slaughters rebuttal leads to Northern Rock High Court showdown
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UK Banks Faced With £1 Billion Refund Ruling
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Canada:

Canada Says Credit Shortages to Persist Until 2010
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Ontario Judge Approves Vote on C$32 Billion Canadian Debt Plan
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Livent trial: Curtain raiser
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Advisors feel the heat of uncertain times - Even when their firms aren't affected, advisors feel like they are fighting fires
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Slowdown hits Canadian economy
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Carney warns rate relief will be slow to reach consumers
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Japan:

Japan inflation hits 10-year high
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Australia:

Heavy Borrowing Haunts Australia Brokerages
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