August 15, 2008

Daily Bankruptcy News

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Law:

Federal Judge Blasts Alston Clients for Discovery Misconduct
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Top 10 Firm Hits the $2 Billion Mark
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Former Apple general counsel Heinen agrees to $2.2M backdating settlement
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Lawyers' Ties Hint at Extent of Hiding Edwards's Affair
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Rielle Hunter's Father Was a Lawyer Implicated in Horse-Killing Scam
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Alston settles with former client, Friedman's Jewelers
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What's Going on at Shearman & Sterling?
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WilmerHale to $1500 / Hour?
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Jones Walker to Wed Miller Hamilton, Forming 270-Lawyer Southern Shop
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Responding to Former Client's Lawsuit, Reed Smith Denies Churning Fees
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National Strategy Not Playing Out as Planned for AmLaw 100 Firm
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Trevor Hoffmann Joins Haynes and Boone's New York Bankruptcy Group
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Weil, Gotshal & Manges Names Michael J. Lyle New Managing Partner in D.C.
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What's the oldest active litigation pending in the federal district courts?
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Hardin Scores One for the Unfriendly Skies
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Shook Hardy Shaves 180,000 Miles From Monthly Commute
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Appeals Panel Blasts Lawyers' Padded Bills
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Bryan Cave Latest to Open Distressed Assets Group
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Use Arguments Sparingly
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Linklaters in knolidge branding shame
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Proskauer adopts beef-based recruitment process
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Clifford Chance lawyers fail to hit their marks
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"Follow the blood to find Tweety"
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A Portrait of Georgia's President as a Young Lawyer
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Say What?!
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Judges:

Stalker judge given suspended sentence
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Aviation:

Merrill to buy 19 million shares of US Airways
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US airline 'broke safety rules'
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Why Are Airline Stocks Flying High?
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Bangalore int'l airport heading for bankruptcy
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Gemini liquidated
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Laurus wins Gemini Air Cargo
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Insurance:

Mortgage, bond insurers get lift after auction-rate settlements
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Wachovia's BluePoint Insurance Unit Files Bankruptcy
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S&P downgrades outlook for commercial lines insurance
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Banking:

Banks leap from foolish risks in mortgages to none at all
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All Eyes on Downey Financial
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Wells Fargo Cheated on Earnings?
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Health Care:

Doctors Medical Center gets OK to emerge from bankruptcy
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Highland Medical Center headed for auction block
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Hospital resuscitation
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The Rise of Medical Tourism
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Liquidity and Healthcare 2008
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Retailing:

Judge says Linens 'n Things can close more stores
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Boscov's hit by a familiar storm
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Elliott Outdoors files for protection from creditors
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Six Flags Mall is once again scheduled for foreclosure
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Out of cash, Wilsons meets 'slow death'
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Retailers glum over slow sales for school
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Gambling:

Gaming Board Approves Transfer Of License To Bluhm
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Broke Lottery Winner Gambles on Judge's Soft Heart, Loses
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Student Debt:

UBS Misled Student-Loan Agency, New Hampshire Says
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Bonds:

Ambac, MBIA dodge a bullet at S&P
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Accounting:

Deloitte's top partner pockets £5.7m
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PwC: Banks' Disclosures Lack Substance
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Education:

Slump Squeezes Enrollment at Private Schools
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Construction:

Fairbanks OK Lumber KO'd by bankruptcy
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Resorts:

$39 Million Settlement in a Feud at an Exclusive Montana Resort
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Non-Profits:

SOS bankruptcy plan denied
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Convenience Stores:

Uni-Marts settles on Atlantis
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Real Estate:

Sales of Existing Homes Decline to 10-Year Low; Median Price Tumbles
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Home Equity Frenzy Was a Bank Ad Come True
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Housing Prices Tumble in US Cities on Bank Foreclosure Sales
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Ginnie Mae's New Role Spurs Concerns
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30-year mortgages remain at 6.52 percent
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Second Mortgages Undermining New FHA Bailout Law
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CDO holders face tranche warfare
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Office vacancy rates rising, but so are rents
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State-By-State Foreclosures
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California home prices plunge 28%, worst in U.S.
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LA in the Eye of the Foreclosure Storm
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AZ land firm files for bankruptcy
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NY foreclosures up 44% in July
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Housing Rebound in Cleveland Signals Bad News for U.S. Market
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Most First Place creditors left holding the bag
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Strong Rental Markets in a Weak Economy
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Broker pleads guilty in Coast Bank case
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Miller says lenders agree to give flood victims 'breathing room'
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Bankruptcy Statistics:

Bankruptcy's dog days of summer
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Economy:

US Has Inflation On The Brain
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Global Economic Picture Darkens
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Living Costs Rising Fast, and Wages Are Trailing
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Midwest prices rose 0.5% in July
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Economists expect the New York Federal Reserve's August manufacturing index to show declining economic activity for the fourth straight month
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All I Want for Christmas Is an Upturn
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Banks borrow more from the Fed
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Consumer Prices Stun Market Watchers
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Greenspan Tells WSJ Fannie, Freddie Deserved Breakup
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Georgia's jobless rate highest in 15 years
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Jobs slump is MN's worst since '83
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California nightmare for the global economy?
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Oil drops below $114 on slowing economies
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$65 oil is coming (maybe)
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Wall Street:

Stocks set to keep climbing
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US Stocks Rise as Fannie Mae, Freddie Mac Spur Bank Rally
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Merrill Lynch freezes hiring until year end
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Goldman Earnings Estimate Cut by JPMorgan on Equity, Bond Sales
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Lehman may post third-quarter loss, says analyst
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Merrill Lynch, Citigroup and dividend cuts
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How to steal a company
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Who Orchestrated the Fall of Bear Stearns?
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Arguments heard in JPMorgan-Bear Stearns merger case
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Celebs:

Bankruptcy judge orders hearing in Vick case
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Trump to buy Ed McMahon's house
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Religion:

Davenport diocese looks at restoring money paid out in abuse cases
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Prominent Suffolk church declares Chapter 11 bankruptcy
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Autos:

GM up 10% as oil prices decline, cost savings speed up
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GM Aims to Speed $10 Billion Savings, Get More in '08
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Chrysler not about to fail, analyst says
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A Strange Detour for Chrysler
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End of the road for US automakers?
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Court Extends Diamond's Time to File Chapter 11 Plan
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US pressures Delphi over pension plans
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Volvo, Intermet hit rough spot
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Plastech unveils liquidation plan
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Car parts makers wary of slowdown
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Creditors can face Joe Gibson in court
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Goldman Downgrades Daimler, Renault, Volvo
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Food/Drink:

US cookie seller Mrs. Fields, NexCen in cash crunch
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Jenny Lee Bakery turning off the ovens
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Investors emerge in USA Springs bankruptcy filing
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The Shine is Off Applebee's, Among Others
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Oil/Gas:

Oil producers slowed by bankrupt marketer
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SemGroup consultants not cheap
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JED Oil to pursue sale
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Corporate Reform:

Setting Securities Fraud Sentence, Judge Raps Fed Guidelines
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Movie Reviews:

Fiscal Armageddon, coming to a cinema near you
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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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Newspapers:

Gannett to Cut 1000 Jobs at Community Newspapers
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Court dismisses Desert Advocate bankruptcy
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El Nuevo Dia Orlando to close publication and lay off 49
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Distressed Investing:

The King of Bankruptcy
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ARS:

Morgan, JPMorgan Settle Auction-Rate Probe, Pay Fines
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Auction-rate deals top $48bn
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The Auction-Rate Bond Mess: What Happened? (If Anything)
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Fraud:

Ponzi Scheme Charges Hit WexTrust
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Politics:

Mashburn appointed as trustee in Terrill bankruptcy case
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Obama Details Raising Taxes on Gains, Dividends
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Obama Bests McCain Among Bush-Backing Bankers, Drug Companies
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McCain Son Tied to Troubled Bank
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Jackson Browne Sues John McCain Over Song Use in Campaign Advertising
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Golf:

Gold Creek Golf Club Apparently Closes, Files Chapter 11
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Municipalities:

Sewer Plan: What Plan?
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Jefferson County Commission votes for referendum on sewer debt
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Jefferson County to Offer Voters a Voice
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Credit Cards:

Credit card solicitations to U.S. households has dropped off by 17%
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Piggybackers Are Still In The Game
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Tax:

Banking Scandal Unfolds Like a Thriller
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Liechtenstein Plans More Tax Cooperation
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Jewelry:

Michael Hill rep says Whitehall deal 'imminent'
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Mass Torts:

Bankrupt Congoleum's Net Goes through the Floor
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Television:

Pappas gets 6th OK for cash use
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Bankruptcy Litigation:

Insurer sues Podlucky, family over mortgage
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Seminars:

National Conference of Bankruptcy Judges Annual Program
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UK:

Bad debts threaten further blows
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Competition in misery for UK and Europe
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Merill set to avoid UK tax for decades after $29bn loss
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Higher rungs of housing ladder feel mortgage pain
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Fall in tourism adds to industry woes
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Pound Declines 11th Day Versus Dollar, Sliding for Fourth Week
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England, Wales Q2 company winding up, bankruptcy petitions pick up
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Repossession orders up by 24%
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Japan:

BOJ May Keep Key Rate at 0.5% After Economy Shrank, Prices Rose
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Urban Has Biggest Drop in 12 Years After Bankruptcy
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Chile:

Chile Bank Raises Key Rate to 10-Year High as Inflation Mounts
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India:

US debtors boost Indian outsourcing
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Canada:

Livent: Gottlieb lawyer challenges witness's recollection of conversation
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Jobless protest lack of severance
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EU:

European Bonds Headed for Third Weekly Gain as Economy Shrinks
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Deutsche Bank says euro-zone recession is likely
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Germany:

German Consumer Optimism Drops to 5-Year Low
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Vietnam:

City Developments Seeks Distressed Assets in Vietnam
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