August 13, 2008

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

 

Law:

At Trial, Lawyer Claims Former Firm Cut Her Salary Over Pregnancy
(DBN Subscription Required)

Edwards Scandal Puts Texas Plaintiffs Lawyer on the Defensive
(DBN Subscription Required)

Attorney Says He Paid for Cross-Country Moves Before Learning of Edwards' Affair
(DBN Subscription Required)

In U.S., Expert Witnesses Are Partisan
(NYT: separate free registration required)

Layoff Watch: The Sky Is Not Falling, and a list of law firms that have done layoffs)
(DBN Subscription Required)

Adventures in Lawyer Advertising: Stoel is Freestylin'
(DBN Subscription Required)

Pepper Hamilton Expands Delaware Corporate Practice
(DBN Subscription Required)

Law Firms Opening Distressed Assets Groups
(DBN Subscription Required)

Law Firms: Upping the Flex Factor
(DBN Subscription Required)

Economy, Exits Hurt Buchanan Ingersoll
(DBN Subscription Required)

London and New York, Meet Mumbai and Delhi
(DBN Subscription Required)

Thelen: And Then There Was Steiner. For Now.
(DBN Subscription Required)

Another Firm Drops Summer Associate Program
(DBN Subscription Required)

GCs' Pet Peeves
(DBN Subscription Required)

General Motors drives the use of minority and women lawyers on its matters, with targets
(DBN Subscription Required)

Aides in US Hiring Scandal Won't Be Prosecuted, Mukasey Says
(DBN Subscription Required)

E-Discovery Worries Persist
(DBN Subscription Required)

Attempt to Relax Conflicts Rules Falls Short at ABA Annual Meeting
(DBN Subscription Required)

Under what circumstances may a plaintiff file a complaint using a pseudonym?
(DBN Subscription Required)

Lawyer saved in daring jungle rescue
(DBN Subscription Required)

What was the date again?
(DBN Subscription Required)

______________

Judges:

Judge's Perjury Trial Begins
(DBN Subscription Required)

______________

Banking:

Banks' Subprime Losses Top $500 Billion on Writedowns
(DBN Subscription Required)

Banks remain exposed to risk after debt sales
(DBN Subscription Required)

UBS: Preparing to Dump Its Investment Bank?
(DBN Subscription Required)

Cool reception greets UBS shake-up
(DBN Subscription Required)

UBS chiefs knew of rule breaches
(DBN Subscription Required)

UBS reorganizes, appoints new CFO as rich clients flee
(DBN Subscription Required)

UBS posts Q2 losses, writedowns of $5.1B
(DBN Subscription Required)

Michael Price Shorts Citigroup, Sees Few Banks to Buy
(DBN Subscription Required)

FDIC official cuts estimate of IndyMac's uninsured deposits
(DBN Subscription Required)

Fifth Third to seek bidders for payment arm
(DBN Subscription Required)

ABN arm secures future with €1bn financing
(DBN Subscription Required)

Chevy Chase Ceases Lending In All But 11 States
(DBN Subscription Required)

ING bank reports 25 percent fall in 2Q earnings
(DBN Subscription Required)

As Big Banks Send Work to India, World Financial Centers Lose Steam
(DBN Subscription Required)

______________

Wall Street:

US stocks head for moderately lower open
(NYT: separate free registration required)

Stock Pessimism Fades as Commodities Tumble, Bank Concern Eases
(DBN Subscription Required)

U.S. Stocks Fall Tues. on Banking Concern; JPMorgan, Goldman Retreat
(DBN Subscription Required)

Goldman Estimates Cut by Oppenheimer, Deutsche Bank
(DBN Subscription Required)

Stricter Short-Sale Rules Seen In Wake Of Emergency Order
(DBN Subscription Required)

Short-selling rule backfires
(DBN Subscription Required)

Since 2002, when research was formally separated from investment banking, the quality of research on Wall Street has deteriorated, and many top analysts have left the business
(NYT: separate free registration required)

Efforts to de-risk banks' balance sheets raise questions
(DBN Subscription Required)

______________

Tax:

Study says most corporations pay no US income taxes
(DBN Subscription Required)

Do Most Companies Really Pay No Taxes?
(DBN Subscription Required)

______________

Music:

McLean trustee wants instruments returned
(DBN Subscription Required)

______________

Oil/Gas:

Trustee's office calls for investigation of Semgroup trading practices
(DBN Subscription Required)

U.S. oil demand drops to lowest level in 26 years
(DBN Subscription Required)

SemGroup's bankrupt claim questioned
(DBN Subscription Required)

______________

Autos:

Severance falls short for Plastech workers
(DBN Subscription Required)

Dura still looking for cost savings
(DBN Subscription Required)

Suppliers warn U.S. already losing race for electric car technology
(DBN Subscription Required)

Blue Water decides to liquidate
(DBN Subscription Required)

GM sees "significant interest" in assets for sale
(DBN Subscription Required)

Auto supplier Intermet seeks bankruptcy protection
(DBN Subscription Required)

Ford lays off 300 Detroit-area auto workers
(DBN Subscription Required)

An S.U.V. Traffic Jam
(NYT: separate free registration required)

SUV Inventories: Up, or Down?
(DBN Subscription Required)

BMW, Daimler face reality, but Europe's mass car makers are in denial
(DBN Subscription Required)

______________

Construction:

Fletcher Full-Year Earnings Fall on US Housing Decline
(DBN Subscription Required)

______________

Workouts:

Who Owns Your Loan? - Entrepreneurs are negotiating with tough new creditors as banks look to ditch troubled loans
(DBN Subscription Required)

______________

Resorts:

Wildwood, lender hit choppy waters
(DBN Subscription Required)

______________

Pensions:

Fla. state pension fund loses 4.4 pct in year
(DBN Subscription Required)

______________

Predatory Lending:

Payday loan bill bad for consumers
(DBN Subscription Required)

______________

Cross-Border:

New Cap wins permanent protection
(DBN Subscription Required)

______________

 

Real Estate:

One Third of New Owners Owe More Than House Is Worth
(DBN Subscription Required)

45 Percent of 2006 Home Buyers Underwater
(DBN Subscription Required)

America's most in-debt households
(DBN Subscription Required)

Mortgage Applications Index Fell 1.5% Last Week
(DBN Subscription Required)

Home Prices Off Nearly 12 Percent in June, Index Says
(DBN Subscription Required)

CA Foreclosures Unexpectedly Surge
(DBN Subscription Required)

W.Va. AG sues Countrywide over home foreclosures
(DBN Subscription Required)

Countrywide/BofA Merger Impacts California Defaults
(DBN Subscription Required)

See you in court, Countrywide edition
(DBN Subscription Required)

HUD: bankrupt Arizona lender violated RESPA
(DBN Subscription Required)

Freddie to Stop Buying Subprime Loans in NY State
(DBN Subscription Required)

Banks, GSEs Crossing Signals?
(DBN Subscription Required)

Mortgage Giants Find a Bright Spot in Rental Financing
(NYT: separate free registration required)

Pa. starts to test subprime lenders
(DBN Subscription Required)

D.R. Horton funded down payments for 29% of its sales last quarter?
(DBN Subscription Required)

California foreclosure sales jump 22.5% since June
(DBN Subscription Required)

World focused on Merced's dire housing situation
(DBN Subscription Required)

Toll Reports Revenue Decline as Home Slump Deepens
(DBN Subscription Required)

______________

Finance:

Mechanism for Credit Is Still Stuck
(NYT: separate free registration required)

______________

CDOs:

S&P Cuts Ratings On $17.63 Billion In CDOs On Credit Deterioration
(DBN Subscription Required)

______________

Economy:

The likeliness of a consumer squeeze
(NYT: separate free registration required)

U.S. Retools Economy, Curbing Thirst for Oil
(WSJ: separate paid subscription required)

Fed auctions another $25 billion in loans
(DBN Subscription Required)

Meltzer Says Fed Failing to Control Inflation, ECB Doing Better
(DBN Subscription Required)

Bankruptcy Rising, in the Midst of a Boom
(DBN Subscription Required)

______________

Newspapers:

Bad News At Thomson Reuters
(DBN Subscription Required)

______________

ARS:

Citi, UBS, Merrill Say 'Oops' on Auction Freezeout
(DBN Subscription Required)

Buyback Headache for Fund Firms
(WSJ: separate paid subscription required)

Auction-Rate Hangups
(DBN Subscription Required)

Funds Join Redeem Team
(DBN Subscription Required)

______________

Bankruptcy Reform:

The 2005 Chapter 11 Amendments: Facilitating a downward spiral?
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Bankruptcy Filings Hit Recent High Last Month
(WSJ: separate paid subscription required)

______________

Food/Drink:

Upscale New York Sandwich Chain Files For Bankruptcy Protection
(DBN Subscription Required)

Uno Restaurant Faces 'Default' Grade on Missed Coupon
(DBN Subscription Required)

Reinhold Creditors Request Liquidation
(DBN Subscription Required)

Bennigan's franchisees look to regroup
(DBN Subscription Required)

______________

Municipalities:

Vallejo bankruptcy case proves time-consuming
(DBN Subscription Required)

Jeffco Commission To Consider Sewer Options
(DBN Subscription Required)

After failing to produce a workable sewer bailout plan, Jefferson County should call on the governor to appoint an independent sewer task force
(DBN Subscription Required)

Jeffco wants AG Troy King to investigate banks in sewer banks
(DBN Subscription Required)

Wall Street Losses Cut Tax Bill, Sap New York Revenue
(DBN Subscription Required)

______________

Retailing:

Bed Bath & Beyond benefits from Linens' woes
(DBN Subscription Required)

Linens to Close 28 More Stores
(WSJ: separate paid subscription required)

At Linens, the news worsens
(DBN Subscription Required)

Gottschalks seeks cash infusion
(DBN Subscription Required)

TJX Net More Than Triples as Shoppers Seek Bargains
(DBN Subscription Required)

Circuit City: Outlook Is Grimmer Than Ever
(DBN Subscription Required)

Boscov's future
(DBN Subscription Required)

Alumni Hall wins Dawahare's stores, 117 Bidding Rounds
(DBN Subscription Required)

______________

Turnarounds:

What it Takes to Be a Turnaround Pro
(DBN Subscription Required)

Tatum Appoints Leadership to Texas Restructuring Practice
(DBN Subscription Required)

______________

Distressed Investing:

Private equity funds focus on distressed debt
(DBN Subscription Required)

Firm finds value in bad loans
(DBN Subscription Required)

______________

Finance:

Banks to toughen lending standards into 2009
(DBN Subscription Required)

______________

Hotels:

Credit crunch catches up with IHG
(DBN Subscription Required)

______________

Alternative Fuels:

Biofuel Energy shares fall 60%
(DBN Subscription Required)

______________

Corporate Reform:

Brocade Backdating Cases Make for Strange Bedfellows
(DBN Subscription Required)

______________

Derivatives:

Credit Default Swaps Dealers Get Nasty
(DBN Subscription Required)

______________

Student Debt:

Three Large Lenders Out of FFEL - Nonprofits Unable to Secure Bridge Loans
(DBN Subscription Required)

______________

Avoidance Actions:

Incorporation = fraudulent transfer?
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(3 new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

_____________

Aviation:

Frontier receives first round of funding
(DBN Subscription Required)

Prosecutors launch Alitalia investigation
(DBN Subscription Required)

Delta, Northwest pilots to arbitrate seniority
(DBN Subscription Required)

Troubled airlines boost parts auctions
(DBN Subscription Required)

United Airlines: O'Hare Today, Gone Tomorrow
(DBN Subscription Required)

______________

Bankruptcy Sales:

Judge Markell's Bombshell BAP Ruling That a Winning Credit Bid in a Bankruptcy 363 Sale Doesn't Strip Off Junior Liens
(DBN Subscription Required)

______________

Jewelry:

Whitehall to hold liquidation sale into holidays
(DBN Subscription Required)

______________

Courts:

Bankruptcy Court finds new home
(DBN Subscription Required)

______________

Politics:

Fannie Mae spent more than $1.5M lobbying in 2Q
(DBN Subscription Required)

Freddie Mac spent nearly $2.3M lobbying in 2Q
(DBN Subscription Required)

______________

Awards:

The 2009 Vault Rankings Are Out!
(DBN Subscription Required)

Fried Frank Named One of the Best Law Firms for Women
(DBN Subscription Required)

Hunton & Williams LLP Chosen Among Best Law Firms for Women
(DBN Subscription Required)

Heller Ehrman Named Among Working Mother and Flex-Time Lawyers' 2008 List of Best Law Firms for Women
(DBN Subscription Required)

Wachtell, Lipton, Rosen & Katz #1 Law Firm for Sixth Straight Year, Says Vault
(DBN Subscription Required)

Sidley Named a Best Law Firm for Women
(DBN Subscription Required)

4 CA Firms fall, 4 join 'Working Mothers' list
(DBN Subscription Required)

Davis Polk Named Among Best Law Firms for Women
(DBN Subscription Required)

Annual Report Puts Spotlight on Best Law Firms for Women
(DBN Subscription Required)

______________

Credit Cards:

Card Issuers Tighten Underwriting Standards
(DBN Subscription Required)

______________

Recording Industry:

Death Row Records Ends Assets Duel
(WSJ: separate paid subscription required)

______________

Celebs:

Pacman's House Fetches $1.1 Million At Auction
(DBN Subscription Required)

More mortgage troubles for Ed McMahon
(DBN Subscription Required)

McLean victims to get little
(DBN Subscription Required)

______________

Plastics:

Atlantis can use DIP loan
(DBN Subscription Required)

______________

Health Care:

Oasis wins Highgate auction
(DBN Subscription Required)

______________

UK:

U.K. bankruptcy brigade
(DBN Subscription Required)

UK Pound Declines to 21-Month Low as Housing Slump Deepens
(DBN Subscription Required)

Bank of England Cuts Growth Forecasts, Jobless Climbs
(DBN Subscription Required)

Jobs market continues to falter
(DBN Subscription Required)

Surge in credit card debt charge-offs
(DBN Subscription Required)

Banks face risk of stricter rules
(DBN Subscription Required)

In pursuit of best practice for UK insolvency regime
(DBN Subscription Required)

Lenders save Labour from bankruptcy with 7 year reprieve to pay £15m
(DBN Subscription Required)

Bank of England clears way for rate cuts
(DBN Subscription Required)

London Banks, Falling Down
(DBN Subscription Required)

Heat is on for offshore account holders
(DBN Subscription Required)

Football clubs bitten by credit crunch
(DBN Subscription Required)

Generation debt's financial problems only just beginning
(DBN Subscription Required)

______________

EU:

Economic Malaise Threatens To Undermine European Unity
(DBN Subscription Required)

______________

Israel:

Court Appoints Temporary Receiver for Delta Diamonds
(DBN Subscription Required)

______________

Latin America:

Latin America Faces Deeper Poverty From Food Prices
(DBN Subscription Required)

______________

Germany:

SachsenLB investigators carry out raids
(DBN Subscription Required)

______________

Australia:

Australian Consumer Sentiment Rises 9.1%
(DBN Subscription Required)

______________

Japan:

Japan Economy Shrinks 2.4%, Signaling Recession Looms
(DBN Subscription Required)

Japan's Stock Futures Fall as Asset-Writedown Concerns Reemerge
(DBN Subscription Required)

Urban Files for Bankruptcy With $2.35 Billion in Debt
(DBN Subscription Required)

______________

India:

India's economy expected to grow 7.7 pct this year
(DBN Subscription Required)

______________

Canada:

Madill equipment goes on the block
(DBN Subscription Required)

______________

Spain:

Spanish holiday village becomes symbol of property crisis
(DBN Subscription Required)

______________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries).