February 6, 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:

Brown Rudnick Names Three New Bankruptcy Partners
(DBN Subscription Required)

Former Kaye Scholer Partner Pleads Guilty to Tax Charge
(DBN Subscription Required)

Settlement Agreement in Spotlight as Legal Malpractice Case Against Duane Morris Begins
(DBN Subscription Required)

If Presidential Candidates Were Top Law Firms, Which Ones Would They Be?
(DBN Subscription Required)

Lawyer's E-Mail Goof Lands on NYT's Front Page
(DBN Subscription Required)

Painful Lessons in Electronic Discovery from Qualcomm Decision
(DBN Subscription Required)

Bonus Watch: Dechert Docks Associates for Dilatory Billables
(DBN Subscription Required)

Profit up 10% at New York's Paul Weiss
(DBN Subscription Required)

Associates at Top KC Firms Top $100K
(DBN Subscription Required)

How Does Escalating Compensation Fit In With Today's Firm Economics?
(DBN Subscription Required)

Cadwalader Equity Partner Profit Dips, But Microsoft Deal Will Refill Coffers
(DBN Subscription Required)

Death of the "King of Torts" Triggers Ugly Fight Over Firm, Stakes in Jets, Football Franchise
(DBN Subscription Required)

Lawyer's Email Slip-up Leads to Zyprexa Leak
(DBN Subscription Required)

How Being the Bearer of Bad News Could Be Good for Your Career
(DBN Subscription Required)

"Angry Guy Gets Law License, Sues"
(DBN Subscription Required)

Diverse Practices, Fewer New Hires Boost Firm's Revenue, Profits
(DBN Subscription Required)

Minority Enrollment at Law Schools Is Faltering
(DBN Subscription Required)

Second Suit Proceeds Seeking Pay Raise for Judges
(DBN Subscription Required)

How GCs Can Avoid Recession-Planning Pitfalls
(DBN Subscription Required)

Some States Seek to Limit Judicial Power to Regulate Lawyers
(DBN Subscription Required)

Lawyer Featured in Column on Medical Mysteries
(DBN Subscription Required)

Clemens talks, experts say he shouldn't
(DBN Subscription Required)

Is honesty really always the best policy?
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Bonds:

Fitch mulls MBIA downgrade
(DBN Subscription Required)

Fitch Again Warns on Bond Insurers
(DBN Subscription Required)

Monolines face more losses
(DBN Subscription Required)

Banks Reportedly Mull Group for FGIC
(DBN Subscription Required)

Force Behind Bond-Insurer Rescue
(WSJ: separate paid subscription required)

Ambac Directors Accused Of Dumping Stock
(DBN Subscription Required)

Municipal Bonds Providing No Safe Haven From Stock Market Storm
(DBN Subscription Required)

______________

Wall Street:

Stocks Plunge on Service Sector Weakness
(DBN Subscription Required)

How Wall Street Voted
(NYT: separate free registration required)

Lehman's Head of Fixed Income Unit, Nagioff, to Leave
(DBN Subscription Required)

Goldman's CMO Liabilities
(DBN Subscription Required)

Goldman Is Fired by Massachusetts Fund Amid Changes
(DBN Subscription Required)

The Street's Fears Deepen
(DBN Subscription Required)

Asian Markets Follow Dow's Decline
(NYT: separate free registration required)

Stocks Look to Extend Losses After Tuesday's Dismal Day
(DBN Subscription Required)

Bargain Prospects Lift Stock Futures
(WSJ: separate paid subscription required)

______________

Layoffs:

Charming Shoppes Cuts 200 Jobs
(DBN Subscription Required)

______________

Fraud:

French Trader Says He Won't Be Made a Scapegoat
(NYT: separate free registration required)

SocGen trader got 'a bit carried away'
(DBN Subscription Required)

Jerome Kerviel looking a lot less smart
(DBN Subscription Required)

SocGen Traders, Executives Worried About Bonuses
(DBN Subscription Required)

______________

Telecoms:

Maker of Ojo VoIP/videophone likely on bankruptcy path
(DBN Subscription Required)

Former Enron turnaround chief to head Hawaiian Telcom
(DBN Subscription Required)

______________

Video Rentals:

Court Approves Movie Gallery's Disclosure Statement
(DBN Subscription Required)

______________

Recording Industry:

Closing A Chapter of Hip Hop History
(DBN Subscription Required)

WMG Bids For Death Row Catalog
(DBN Subscription Required)

Producer Teddy Riley In Financial Trouble, Puts Studio On The Market
(DBN Subscription Required)

______________

Art:

Gallery Seeks to Resolve Art Dispute
(DBN Subscription Required)

Salander committee can pursue claims
(DBN Subscription Required)

Lawyers Suggest Process to Retrieve Art From Salander-O'Reilly
(DBN Subscription Required)

______________

Hedge Funds:

Ritchie Capital Pays $30M+ for Market Timing
(DBN Subscription Required)

Hedge fund settles with NY, SEC for $40M in trading case
(DBN Subscription Required)

Investors pull funds out of laggard Japanese hedge fund
(DBN Subscription Required)

______________

Software:

10K Filing Suggests Grim Outlook for SCO
(DBN Subscription Required)

______________

Tax:

IRS Is Likely to Get More Resources To Combat Cheating on Tax Returns
(DBN Subscription Required)

______________

 

Real Estate:

Foreclosures Smack GMAC
(DBN Subscription Required)

GMAC Posts $724 Million Loss as Home Loans Sour
(DBN Subscription Required)

GMAC May Cut More ResCap Jobs, Sees Refi 'Boom'
(DBN Subscription Required)

Toll Says Sees Little Relief In Sight For US Homebuilders
(DBN Subscription Required)

New Century files detail-lite plan
(DBN Subscription Required)

House Judiciary Subcommittee Holds 3rd Hearing on Subprime Crisis
(DBN Subscription Required)

How to Fix The Housing Crisis
(DBN Subscription Required)

Goldman expects big drop in commercial property values
(DBN Subscription Required)

Subprime Markdowns Reach U.S. Central, Credit Unions
(DBN Subscription Required)

Morgan Stanley Cries Mommy, SEC Comes Running
(DBN Subscription Required)

Apollo, Bain LBOs Lose Investors' Money, Bonds Show
(DBN Subscription Required)

Thornburg returns to profitability in 4Q
(DBN Subscription Required)

Subprime lender Accredited plans comeback
(DBN Subscription Required)

Loan mod delays invite lawmaker action
(DBN Subscription Required)

Judge mulling First Magnus employee suit
(DBN Subscription Required)

Former Platinum Properties executives face fraud charges
(DBN Subscription Required)

Cities Fight Glut of Vacant Houses
(DBN Subscription Required)

Sub Prime Tsunami Costing Blacks, Latinos Billions
(DBN Subscription Required)

S&P seeks comments on mortgage proposal
(DBN Subscription Required)

Subprime-related writedowns to hit $265B in 2008
(DBN Subscription Required)

Condo developers seek bankruptcy protection
(DBN Subscription Required)

Troubled homeowners: Can't pay? Just walk away
(DBN Subscription Required)

Caught In The Middle: Miami's Middle Class Exodus
(DBN Subscription Required)

Another bidder abandons Ozymandius
(DBN Subscription Required)

Bizarre Ripple From Real Estate Meltdown
(DBN Subscription Required)

______________

Economy:

US service sector slows down
(DBN Subscription Required)

A bright red recession indicator
(NYT: separate free registration required)

US service sector shrinks for the first time in nearly five years
(DBN Subscription Required)

Service industries in 'stunning fall'
(DBN Subscription Required)

Consumer Comfort Index hits 14-year low
(DBN Subscription Required)

Lacker Sees Recession Risk, More Cuts May Be Needed
(DBN Subscription Required)

Additional Interest Rate Cuts Questioned
(DBN Subscription Required)

Oil Drops Below $89 on Recession Fears
(DBN Subscription Required)

When the middle class is deemed the rich'
(DBN Subscription Required)

Senate advances stimulus package
(DBN Subscription Required)

______________

Furniture:

Wickes Furniture Plans Bankruptcy Sale
(DBN Subscription Required)

Without buyer, Wickes could be liquidated
(DBN Subscription Required)

Great American makes stalking horse bid for Domain
(DBN Subscription Required)

______________

Relocation:

Allied Van Lines Files for Bankruptcy
(DBN Subscription Required)

Move On Down
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Consumer bankruptcy filings increased more than 30 percent nationwide
(DBN Subscription Required)

______________

Mining:

Creditors, US government oppose investigation of Asarco
(DBN Subscription Required)

Everything Must Go: Asarco's Big Selloff
(DBN Subscription Required)

Parent company wants Asarco probe
(DBN Subscription Required)

______________

Aviation:

AirTran hits turbulence
(DBN Subscription Required)

Alitalia cuts flights out of Milan
(DBN Subscription Required)

Silverjet still losing altitude
(DBN Subscription Required)

______________

Accounting:

Demand For Accountants On The Rise
(DBN Subscription Required)

______________

Finance:

Corporate-Loan Market Is Reeling
(WSJ: separate paid subscription required)

______________

Politics:

The Economy: Good News for Dems, Right?
(DBN Subscription Required)

______________

Derivatives:

CDS sellers denied full role in bankruptcy arena
(DBN Subscription Required)

______________

Education:

Interviews Re Silver State Helicopter
(DBN Subscription Required)

Attorney general eyes flight school
(DBN Subscription Required)

No parachute likely for copter students
(DBN Subscription Required)

Dreams of Flying Going Down in Flames
(DBN Subscription Required)

Founder Of Copter Flight Academy Named To Economic Advisory Board
(DBN Subscription Required)

Silver State Leaves Long List Of Creditors
(DBN Subscription Required)

Charter School's Closing Hard on Seniors
(DBN Subscription Required)

______________

IP:

Licensing Intellectual Property From An Israeli Company: What Happens If There's A Bankruptcy?
(DBN Subscription Required)

______________

Student Debt:

Woman Shoots Husband Over IRS Garnishment Of Refund For Student Loan
(DBN Subscription Required)

______________

 

 

New Bankruptcy Opinions
(No 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)

_____________

Autos:

Chrysler Has Accord in Supplier Rift That Shut Plants
(DBN Subscription Required)

Plastech To Resume Production For Chrysler
(DBN Subscription Required)

Old Detroit auto culture wins Round 1
(DBN Subscription Required)

Chrysler Plays Chicken with Parts Supplier, Parts Supplier Loses
(DBN Subscription Required)

Dura Execs to Forgo Bonus Payments
(DBN Subscription Required)

Credit Card, Auto Debt to Spike in 2008
(DBN Subscription Required)

BMW Seeks EU500 Million in Savings From Job Cuts
(DBN Subscription Required)

Mercedes-Benz group global sales rise 16% in January
(DBN Subscription Required)

______________

Bankruptcy Reform:

The Medical Bankruptcy Fairness Act of 2008
(DBN Subscription Required)

Addressing the "hanging paragraph" of 11 U.S.C. sec. 1325, a three-judge Eighth Circuit panel rejects the rulings of a majority
(DBN Subscription Required)

______________

Retailing:

Lane Bryant parent closing 150 stores
(DBN Subscription Required)

To Make a Deal, Fortunoff Checks Into Chapter 11
(DBN Subscription Required)

Fortunoff bankruptcy sad for Long Island
(DBN Subscription Required)

Pier 1 is sinking into the sea
(DBN Subscription Required)

______________

Healthcare:

More than 100 potential jurors report for National Century trial
(DBN Subscription Required)

______________

Banking:

Bond insurer trials threaten banks as Ross circles
(DBN Subscription Required)

______________

Horse Racing:

NYRA Working on 'Contingency Plans'
(DBN Subscription Required)

Odds are, dispute over racing franchise could go on and on
(DBN Subscription Required)

______________

Ratings Agencies:

Reputations on the line for ratings agencies
(DBN Subscription Required)

The great credit rating scandal
(DBN Subscription Required)

______________

Firefighting:

LaFrance DIP lender is also suitor
(DBN Subscription Required)

______________

Distressed Investing:

Creditor committees
(DBN Subscription Required)

The new complexities of workouts
(DBN Subscription Required)

Do covenant-lite terms hamper restructuring?
(DBN Subscription Required)

______________

Corporate Reform:

SEC forms office to pay back wronged investors
(DBN Subscription Required)

______________

Oil/Gas:

Solv-Ex chief triggered $825-million loss in oilsands project
(DBN Subscription Required)

______________

Enron:

UC Settles for Millions in Enron Lawsuit
(DBN Subscription Required)

______________

G7 to mull cooperation on disclosure for securitized products
(DBN Subscription Required)

Illegality of Securitization, Bankruptcy Issues and Theories of Securitization.
(DBN Subscription Required)

UK:

Northern Rock is not a ticket for a 'gravy train'
(DBN Subscription Required)

Virgin aims for A rating and hires top guns to capture Northern Rock
(DBN Subscription Required)

Branson expects rocky voyage with Northern Rock
(DBN Subscription Required)

Olivant could return for Rock
(DBN Subscription Required)

Olivant Investment Firm Reopens Door to a Move on Northern Rock
(WSJ: separate paid subscription required)

If recession strikes the USA, Britain may follow
(DBN Subscription Required)

22% struggling to repay debts
(DBN Subscription Required)

Debt juggernaut rolls us into a madhouse
(DBN Subscription Required)

Asbestos ruling will pave way for claims by pleural victims
(DBN Subscription Required)

U.K. Companies Slack on Filings
(DBN Subscription Required)

______________

France:

French protectionism and banks
(DBN Subscription Required)

SocGen races towards discounted capital hike
(DBN Subscription Required)

______________

Canada:

Tembec bondholders reject Jolina scheme
(DBN Subscription Required)

______________

Ireland:

Survival tactics
(DBN Subscription Required)

______________

Australia:

Homeowners endure gloomy start to 2008
(DBN Subscription Required)

Mitsubishi Motors axes Australian plant with 930 layoffs
(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