February 12, 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:

New-Partner Growth Takes a Hit
(DBN Subscription Required)

Contrite Lerach Gets Maximum Two-Year Term
(DBN Subscription Required)

Bill Lerach Gets Two Years in Prison
(WSJ: separate paid subscription required)

'I Was Guilty'
(WSJ: separate paid subscription required)

Lerach Mulls Time Behind Bars
(WSJ: separate paid subscription required)

Nifong gets bankruptcy hearing; no decision made
(DBN Subscription Required)

Time for Winston Women To Go Burqa Shopping?
(DBN Subscription Required)

Giuliani Set to Return to His Houston-Based Firm
(DBN Subscription Required)

Attorney-Client Privilege May Follow Purchaser of Company
(DBN Subscription Required)

Berenson Bares Law Firm E-Mail's Details
(DBN Subscription Required)

BlackBerry Service Resumes After North America Outage
(DBN Subscription Required)

BlackBerry Outage: Oh Noes!
(DBN Subscription Required)

BigLaw Firm's Revenues, Profits Surge in '07
(DBN Subscription Required)

Howrey Opens Office in India, Gives Clients Lower-Cost Option
(DBN Subscription Required)

Sidley boosts revenues by 11 per cent
(DBN Subscription Required)

Lowey Dannenberg Bulks Up Bankruptcy
(DBN Subscription Required)

Company Sued Over GC's $10M Bonus
(DBN Subscription Required)

BigLaw Firm's Decision to Represent Roger Clemens Irks Lords of Baseball
(DBN Subscription Required)

Law Reviews Get a Bad Review
(DBN Subscription Required)

Microsoft-Yahoo: The Lawyer's Edition!
(DBN Subscription Required)

N.Y. Judge Applies SOX Protections to Ex-Partner of Global Firm's French Office
(DBN Subscription Required)

ABA Expresses Solidarity With Pakistani Lawyers
(DBN Subscription Required)

Real Estate Development Company GC Rides Out the Cycle
(DBN Subscription Required)

European M&A Deals Take a Dive, but Big Firms Still Racking Up Big Deals
(DBN Subscription Required)

Bankruptcy lawyer charged with theft
(DBN Subscription Required)

Time to bench Judge Kent
(DBN Subscription Required)

Worker Says Boss Waterboarded Him
(DBN Subscription Required)

______________

Fraud:

Kerviel E-Mails May Tie Trader to Deals, Lawyers Say
(DBN Subscription Required)

Kerviel is not 'French'
(DBN Subscription Required)

Trade loss message to SocGen: read the fine print
(DBN Subscription Required)

Ponzi Victims Say Radio Pitched The Fraud
(DBN Subscription Required)

______________

Economy:

White House Remains Optimistic on Economy
(NYT: separate free registration required)

White House Does Not See a Recession
(NYT: separate free registration required)

Bush set to sign stimulus package 'soon'
(DBN Subscription Required)

Borrow and Spend - The "Increased Prosperity" of the Bottom 20%
(NYT: separate free registration required)

______________

Horse Racing:

NYRA says negotiations going backward as shutdown looms
(DBN Subscription Required)

NYRA Workers to Rally at Capitol
(DBN Subscription Required)

New York Racing Association: Stoppage looms at Aqueduct
(DBN Subscription Required)

______________

Auto Racing:

Holley, Specialty Car-Parts Maker, Files Bankruptcy
(DBN Subscription Required)

______________

Health Care:

Proposed Federal Budget would Slash $246M in NJ State Hospital Funding
(DBN Subscription Required)

National Century exec faces defense cross examination
(DBN Subscription Required)

______________

Autos:

GM Has Loss of $722 Million on North America Costs
(DBN Subscription Required)

GM, UAW Reach Buyout Agreement
(WSJ: separate paid subscription required)

Delphi plant attracts another offer
(DBN Subscription Required)

Manchester strikes back at lender
(DBN Subscription Required)

Buyouts key to Ford goals
(DBN Subscription Required)

______________

Chemicals:

Judge OKs Solutia-EPA Settlement
(DBN Subscription Required)

______________

Banking:

Banks face further writedowns on LBO debt
(DBN Subscription Required)

Credit Suisse Profit Down on Write-Downs
(DBN Subscription Required)

Credit Suisse's Net Shrinks 72%
(WSJ: separate paid subscription required)

US Tax Payer to Bail Out Bankers From Default
(DBN Subscription Required)

______________

Mining:

Investor groups plan deal to buy Asarco
(DBN Subscription Required)

______________

Retailing:

Shopping malls die typically with a whimper
(DBN Subscription Required)

______________

Forest Products:

Pacific Lumber in deal to drop $1B claim
(DBN Subscription Required)

______________

Tech:

Tripath shell to merge with Etelos
(DBN Subscription Required)

______________

 

Real Estate:

Mortgage Crisis Spreads Past Subprime Loans
(NYT: separate free registration required)

Harsh Scrutiny for Title Insurers
(WSJ: separate paid subscription required)

Shareholder backlash emerges on subprime mess
(DBN Subscription Required)

US homeowners will get extra time to renegotiate mortgage payments
(DBN Subscription Required)

Feds, lenders to offer broader plan to help with foreclosures
(DBN Subscription Required)

New Mortgage Rescue Goes Beyond Subprime
(DBN Subscription Required)

Six US Banks Plan New Efforts to Stem Foreclosures
(DBN Subscription Required)

WaMu Forecloses On Anyone, Class Claims
(DBN Subscription Required)

2 experts see housing slump just beginning
(DBN Subscription Required)

First Magnus exec says the company planned to pay workers
(DBN Subscription Required)

Decision in Magnus filing may come soon
(DBN Subscription Required)

Loews Hurt by Subprime
(DBN Subscription Required)

Engle forges ahead despite parent firm's Ch. 11 filing
(DBN Subscription Required)

Will IndyMac put up the 'For Sale' sign Tuesday?
(DBN Subscription Required)

Standard Pacific's Fiscal House Needs Restructuring
(DBN Subscription Required)

Boston Hill Realty tries again
(DBN Subscription Required)

Walk-away homeowners are bitter pill for real estate
(DBN Subscription Required)

Why you'll never own a home
(DBN Subscription Required)

Adjustable-rate mortgages are 'like a neutron bomb'
(DBN Subscription Required)

R&B looks to rebuild under Ch. 11
(DBN Subscription Required)

A radical idea: Give all homeowners a break
(DBN Subscription Required)

Macklowe Receives Default Notice
(WSJ: separate paid subscription required)

'Scrivener' Closing Attorney Ruined By $19M Real Estate Fraud
(DBN Subscription Required)

Proposed bill gives states power to refinance loans
(DBN Subscription Required)

______________

Credit Cards:

Dingell to co-sponsor bill taking aim at credit card companies
(DBN Subscription Required)

Love Affair With Credit Cards Is On The Rocks
(DBN Subscription Required)

Moody's says bad debt on credit cards on rise
(DBN Subscription Required)

Consumer revolving credit slowed somewhat in December
(DBN Subscription Required)

______________

Insurance:

AIG Takes Hit on Subprime Accounting Woes
(DBN Subscription Required)

AIG rocked after PWC faults valuation of its derivatives portfolio
(DBN Subscription Required)

AIG Bodes Ill for Insurer Stocks
(DBN Subscription Required)

AIG Discloses Accounting `Weakness,' Stock Declines
(DBN Subscription Required)

Prosecutors Say Ex-A.I.G. Executives Created a Fraud
(NYT: separate free registration required)

How Bad Is It? AIG Can't Tell
(NYT: separate free registration required)

Fitch puts AIG credit ratings on watch
(DBN Subscription Required)

______________

Elder Debt:

Seniors in debt
(DBN Subscription Required)

______________

Motorcycles:

US Trustee Battles Global Motorsport
(DBN Subscription Required)

American IronHorse halts motorcycle production
(DBN Subscription Required)

______________

Religion:

Four parishes to pay more than $2.65M in diocese settlement
(DBN Subscription Required)

Diocese bankruptcy: Man continues to battle to collect judgment
(DBN Subscription Required)

Lawyers block records naming accused priests
(DBN Subscription Required)

Cornerstone confesses bankruptcy
(DBN Subscription Required)

______________

Enron:

Former Enron shareholders' attorney headed to pen
(DBN Subscription Required)

______________

Education:

Don't ignore the injustice of closure of flight school
(DBN Subscription Required)

Creditors coming after Silver State Helicopters
(DBN Subscription Required)

______________

Alternative Fuels:

Buyer of failed plant would inherit problems
(DBN Subscription Required)

Canton plant's finances 'a mess'
(DBN Subscription Required)

______________

Celebs:

Court Upholds Ron Isley Prison Sentence
(DBN Subscription Required)

______________

Software:

Layoffs coming at SCO
(DBN Subscription Required)

______________

Private Equity:

$300 Million to Burn, With a Catch
(NYT: separate free registration required)

______________

Publishing:

Barricade files to stave off lawsuits
(DBN Subscription Required)

______________

Bonds:

Buffett Offers to Back $800B Municipal Bonds
(NYT: separate free registration required)

______________

 

New Bankruptcy Opinions
(1 new opinion 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)

_____________

Moody's Expects More Defaults
(WSJ: separate paid subscription required)

Bankruptcy Reform:

Bankruptcy code changes contemplated
(DBN Subscription Required)

______________

Sales:

Delaware Bankruptcy Court Adopts New Local Rule For Section 363 Sales
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Ariz. bankruptcy rates rise 63 percent
(DBN Subscription Required)

______________

Corporate Reform:

Ex-Refco Executives Were Co-Conspirators, US Says
(DBN Subscription Required)

______________

Wall Street:

Worst may still lie ahead for financials
(DBN Subscription Required)

It is now clear that the credit crunch was not due simply to bull market over-optimism, but resulted very largely from the failures of a number of the financial models that have been a staple of the last generation
(DBN Subscription Required)

______________

Hedge Funds:

Bad Bets and Accounting Flaws Bring Staggering Losses
(NYT: separate free registration required)

______________

Shipping:

Logistics Company Fights for Its Life
(DBN Subscription Required)

______________

Aviation:

Why NWA CEO Steenland's role may be merger hang-up
(DBN Subscription Required)

Continental Sharing Profits With Workers
(DBN Subscription Required)

Analysts are dimming their 2008 outlooks
(DBN Subscription Required)

______________

Tax:

U.S. Wonders if Stock Compensation Deal Is Tax Abuse
(NYT: separate free registration required)

______________

Corporate Governance:

CEO departures surge to 134 in January
(DBN Subscription Required)

______________

Predatory Lending:

Virginia House Passes Payday Lending Reform Bill
(DBN Subscription Required)

Advocates dig in against high-interest loans
(DBN Subscription Required)

______________

Oil/Gas:

Key Energy gets no relief
(DBN Subscription Required)

______________

Wrestling:

Xyience Bankruptcy Proceeding Continues
(DBN Subscription Required)

______________

Basketball:

Do 60 Percent of NBA Athletes Go Broke Five Years After Retirement
(DBN Subscription Required)

______________

Accounting:

Foss auditors blamed in latest complaint
(DBN Subscription Required)

Skills shortage drives 25% rise in salaries
(DBN Subscription Required)

______________

Derivatives:

Credit Default Swap Tsunami Approaches
(DBN Subscription Required)

______________

Student Debt:

Student-Loan Issues Under Stress
(WSJ: separate paid subscription required)

______________

Plastics:

Victor stymies venue change
(DBN Subscription Required)

______________

UK:

UK January Inflation Quickens to Seven-Month High
(DBN Subscription Required)

UK inflation weaker than expected
(DBN Subscription Required)

£10m lottery winner faces being homeless
(DBN Subscription Required)

OFT criticizes 'complex' credit card deals
(DBN Subscription Required)

______________

EU:

Europe Economy May Stay Sick After Catching US Cold
(DBN Subscription Required)

______________

Canada:

Quebecor World signs, renews deals with key clients
(DBN Subscription Required)

New Law Clarifies Duty Of Care Owed By Ontario Directors
(DBN Subscription Required)

More restructuring time for Tahera Diamond
(DBN Subscription Required)

Cotton Ginny placed in receivership
(DBN Subscription Required)

______________

Germany:

German February Investor Confidence Unexpectedly Rose
(DBN Subscription Required)

______________

India:

Booming Indian Economy Shows Signs of Slowing Down
(NYT: separate free registration 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