August 25, 2008

Daily Bankruptcy News

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Law:

Heller to Delay Associate Start Dates
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Axing Associates Now Could Mean Problems Later, Expert Says
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How's Your 2008 Shaping Up?
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2008 Associate Salary Survey Released
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The Mess in Mississippi, Redux: The Joe Biden Connection?
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Web Site Features Firm Satire
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Law School To Students: Mind Your Manners!
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Proposal could boot Shatner from Alabama television ad
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Female Lawyers Still Underrepresented at Firms
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Chancery Court Disqualifies Counsel Due to Litigation Conduct Involving Privileged Documents and Witness Interviews; and Addresses Standing to Allege Ethical Violations
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Job bias lawsuits on the increase - Rise may be due to economy
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Negotiations Under Way in White House Subpoena Case
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Attorney Fees and Accounting Costs Part of Restitution
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Brocade Plaintiffs Firms to Split $8 Million
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Key Defendants in Court Corruption Case Seek Dismissals
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Ex-Lawyer Again Convicted of Murder in Neighbor's Dog-Mauling Death
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Cadwalader to Lose Beijing Managing Partner
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Wall Street Journal Article on E-Discovery
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Picks of the Month: Required Bankruptcy Reading for October 2007
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Chicago Power Outage Outrage Sparks Law Firm Probe of Generator Delivery
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What Floats Her Boat
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Say What?!
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Judges:

Justices Tell Colleague Not to Publish His Opinion.
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Judge's Agreement to Resign Could Open Pandora's Box
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Lawyer Accused of Calling Judge a 'Narcissistic, Maniacal Mental Case'
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Should Wearing Short Shorts Be A Crime?
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Economy:

U.S. and Global Economies Slipping in Unison
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Central Bankers See More Credit-Crisis Losses, Fischer Says
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Looking Ahead Major Economic Reports for the Week
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Dollar Rises on Speculation Oil Decline to Bolster US Economy
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Treasury secretary has a plate full of hot potatoes
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Bankers caught between hope and despair
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Buffett, others say mounting debt a mounting problem
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Bernanke looks for new regulatory approach
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Finding the Mess Behind the Mess
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How did our national and personal debt crisis get so bad?
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Wall Street bailout aid questioned at Fed event
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Bernanke says financial crisis taking toll on economy, inflation outlook uncertain
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Getting ready for Phase Two of the credit crisis
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Bernanke Says US Inflation Should Slow Into 2009
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Fed chairman to hold line on interest rates
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Criminals dumping US dollar
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Autos:

Auto industry to blitz for aid
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Big 3's $50B plea is no bailout
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Chrysler called top risk for bankruptcy
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U.S. Auto Sales Woes Continue
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GM preparing for talks to sell Hummer
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How Bankruptcy Would Wreck GM and Chrysler
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Fiat faces doubts about ability to meet targets
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Auto Parts Execs Guilty Of Securities Fraud
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Wall Street:

European Stocks Drop, Led by Banks; US Index Futures Decline
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US Stocks Drop Fri., S&P 500 Ends Three-Week Advance as Banks Fall
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Asian Stocks Fall for Fourth Week on Credit, Economic Concerns
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Analysts in Fantasyland,
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Wall St. loses momentum as financial woes persist
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Analysts' Accuracy on US Profits Worst in 16 Years
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KDB warned against buying Lehman
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KDB Plays Down Interest in Lehman
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Bankruptcy Statistics:

Louisiana bankruptcy filings are on the rise
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Bankruptcy Crisis Worse In Iowa
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Retailing:

At Some Troubled Retailers, A Tug-of-War Over Gift Cards
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Retail space gets mauled by slowdown
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Steve & Barry's deal gets OK
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Stephon Marbury to bankrupt fashion chain: How about a little something for the effort
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Mervyns hopes shutting stores will aid comeback
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More Trouble Ahead For Retail Sector?
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Politics:

Biden adds experience to Obama ticket
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Biden Camp Pressed for No. 2 Spot
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Biden, McCain Have Much in Common
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Delaware Corporate Litigation and Sen. (VP?) Joe Biden
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Obama - Biden: A Two-Lawyer Ticket
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NY Times Compares Obama's and Biden's Votes
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Joe Biden, Delaware Destroyer
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Biden Donates Campaign Contributions by Scruggs and Associates
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Nader Hits the "MasterCard VP" Choice
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Obama Biden & Bankruptcy What is really going on here?
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Obama's small change
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What Biden Means
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The Good and Bad on Biden
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Obama Aides Defend Bank's Pay to Biden Son
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Who's the real cash king?
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Music Industry:

Hip Hop Record Label Death Row Records Still Looking for a Buyer
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Jewelry:

$20 million in gems, jewelry to help pay creditors
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Real Estate:

Home Sales Probably Held Near Decade Low
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Fannie and Freddie's blame game
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Fannie, Freddie Preferred Stock Downgraded By Moody's
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Fannie Doesn't Want New York Subprime, Either
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Freddie Mac starts talking to PE firms about raising cash
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What Will Mac 'n' Mae Cost You and Me?
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How the Mortgage Giants Lead The Market Deeper Into Crisis
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Freddie, Fannie Ills Vex Experts
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Too big to fail? We'll see about that
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Freddie and Fannie: Living in the Past
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The big secret in US housing
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Indiana Joins States Suing Countrywide
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States' Countrywide lawsuits shift to federal court
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Higher Fees for Mortgages
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US prime mortgage defaults worsen faster than subprime
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In Central Valley, the Ruins of the Housing Bust
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Ninth Circuit rules subprime borrower due no damages
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Dubinsky bankruptcies pile up as lenders head to the courts
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Struggling Northeast DC co-op declares bankruptcy
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Homebuilders Try To Ride Tax Credit Wave
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Los Angeles, San Diego Luxury-Home Prices Fall Most in Decade
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FDIC's IndyMac Borrower Aid Is `Dangerous' for Bonds
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"Safe Harbors"? Investors Still Facing a Ground Swell of Subprime Issues
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Default Talk and Frayed Nerves
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New laws sprout as vacant homes become eyesores
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In Abandoned Homes, The Remnants of a Life
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Home builder's travails make some wonder which others are at risk
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Prime Jumbos Showing Strain: S&P
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Commercial mortgages: Next to collapse?
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ARS:

Auction-rate deals bypass big players
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Deal Time For SEC, Merrill
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Bankruptcy Litigation:

The Dash for the Cash: Suits by Post-Confirmation Trusts
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Seventh Circuit Discusses Split Re Whether a District Court's Order to Remand to Bankruptcy Court is Appealable
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Subprime Litigation: A Glimpse of the End Game?
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Syntax-Brillian Bosses Accused Of Whacking Shareholders For $375 Million
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Municipalities:

Dual bankruptcy threats
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Vallejo's Chapter 9 plea stays alive
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Final decision in judge's hands
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Jeffco researching bankruptcy option
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Thankfully, Gov. Bob Riley is trying to drag divided Jefferson County commissioners toward something on which they all can agree to solve the $3.2 billion sewer bond crisis
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Motion seeks protection if Bridgeport goes bankrupt
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Confronted by realities, Schwarzenegger turns to tax hike
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Mining:

Asarco sees light at the end of tunnel
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Wash. would get $200 million for Asarco cleanup
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Mining Industry Shifts on Bad News
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Aviation:

Frontier billed $4.8M by bankruptcy attorneys
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Midwest behind on airport payments, may file Chapter 11
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AirTran to furlough 169 pilots
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CEO of the Cockpit #86: Heat
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Lufthansa poised for alliance with Alitalia
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Alitalia To Ditch Troubled Units, Eyes Rescuer
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Health Care:

Trinity Hospital files for Chapter 11 bankruptcy protection
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Renaissance Hospital in Terrell is Filing for Bankruptcy
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Century City hospital scheduled to close
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Healthy interest in Pascack: Firm wants to put $80M into hospital
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Costs, economy pummel doctors
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Uninsured to Spend $30 Billion
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Casinos:

Tropicana seeks new sale for Indiana casino
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Hockey:

'Tennessean' wants Preds investor's info to remain public
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Art:

Center for arts seeks bankruptcy protection
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Toys:

Bankruptcy isn't fun and games for Sabada
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Entertainment Venues:

Kidman joins fight to save Studio Arena
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Education:

School's demise blamed on owner
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Fraud:

The rehabilitation of a former fraudster
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Insider Compensation:

Glub, glub, glub: 40% of options are underwater
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Layoffs:

Mass layoff events and initial claimants for unemployment insurance, August 2004 to July 2008, seasonally adjusted
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Committees:

Upcoming Organization Meetings ED PA
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Upcoming Organization Meetings DE
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Personal Bankruptcy:

Do I Need To Disclose My Marijuana Stash To The Bankruptcy Court?
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Distressed Investing:

Lone Star Funds, the investment firm that wants what Wall Street doesn't: its toxic assets.
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Trucking:

IdleAire 'here to stay,' turnaround specialist says
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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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Bonds:

Strapped firms swap bonds
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Convertible Bonds' Goose Is Cooked
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Banking:

Feds close bank in Kansas; ninth collapse this year
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Fannie and Freddie threat to banks
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Calif. won't probe NY Sen. Schumer over IndyMac
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Wells Fargo rejects speculation over deal for a struggling rival
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Bankers debate asset pools and arbitrage
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Student Debt:

Easy credit goes to college
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That Student Loan, So Hard to Shake
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Insurance:

Some insurers could see Fannie, Freddie losses
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Corporate Reform:

SEC Dealt Blow in Key Insider Trading Case
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Tumble in restatements sparks criticism of SEC
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Food/Drink:

Mrs. Fields Files Prepackaged Chapter 11 Bankruptcy
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Down economy hits local restaurateurs, national chains
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Furniture:

Judge approves The Bombay Co.'s bankruptcy plan
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Bankruptcy Reform:

Obama Differed With Biden On Two Key Business Votes
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Finance:

Libor Signals Credit Seizing Up as Banks Balk at Money Lending
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Circumvention of the Bankruptcy Process: The Statutory Institutionalization of Securitization Transactions
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Loans backed by assets thrive as cheaper funding vanishes
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Dry Cleaning:

California firm bids most for Tuchman stores
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Consultants:

Mason's ties to Alvarez & Marsal?
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Religion:

Churches sprinkling financial tips into spiritual counseling
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Oil/Gas:

Judge appoints Blackstone to handle SemGroup finances
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Alon joins others seeking payment from SemGroup
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Bankruptcy Research:

Exploring the Link between Bankruptcy and Corporate Control
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Boating:

Boat Sellers Surviving a Sinking Economy
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Celebs:

Vick adviser a no-show at Newport News bankruptcy hearing
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Sovereign Debt:

Massive US debt defies comprehension, begs for reform
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Accounting:

Divided D.C. Circuit Rejects Challenge to SOX Oversight Board
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Accountancy makes you sick
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Maritime:

SeaEscape crew moves to have ship seized
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Predatory Lending:

AZ: Prop. 200 needed in hard times
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UK:

Review called for as bankruptcies soar
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Bean rules out imminent end to downturn
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Leap in inquiries on how to sack staff
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UK on borrowed time
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Consumer debt 'outstrips GDP'
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Bankrupt Katona enjoys six-hour pub crawl
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Kerry to spend 15K pounds on a makeover!
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Cancer patient fears losing family home
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Brown attacked over N Rock assertion
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Foxtons considers review as downturn hits property market
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New Zealand:

Hanover eyes $4m after bankruptcy appeal fails
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New Zealand Retailer Buys 17 Whitehall Stores
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Canada:

Forestry workers adapt to a new reality
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EU:

European Notes May Fall on Speculation ECB to Delay Rate Cuts
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Growth slowdown is Europe's main problem
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Japan:

Bankruptcies darken Bank of Japan's year
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Yakuza the Big Winners in Japan's Credit Crisis
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Russia:

Russia cosmetics chain facing ruin after $65 mln debt claim
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Denmark:

Danish Central Bank buys out ailing bank
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Spain:

Spain Producer Prices Rise Most in Two Decades
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Thailand:

Thai economy slows sharply
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Macao:

Macao casinos' luck may be running out
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