January 10, 2007

Daily Bankruptcy News

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Law:

Moore & Van Allen Announces New Bankruptcy Partner
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Is Your Managing Partner Still Making Jet Engines?
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Reading the Associate Compensation Tea Leaves
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New Bankruptcy Partner Might Be Able to Get You a Great Deal on Office Supplies
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In a Troubled Economy, New Business Opportunities Still Abound
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Going Concern Value of a Law Firm
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L'Affaire Scruggs: Tony Resigns From Representing Zach
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Joey and Billy Resign From Representing Dickie
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Will Qualcomm Sue Its Lawyers?
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Law Firms Let Women Forge Their Own Way
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Why Law Firms Should Encourage Associates to Play Nice
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Texas Firms Interested in Golden State
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BigLaw Firm Going to Houston, Houston, Houston
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San Francisco Bay Area Law Firms Float on Turbulent Waters
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Sullivan & Cromwell Countersued by E-Discovery Vendor
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Reed Smith Grows Revenue 38.5 Percent
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BigLaw Firm Freshens Up Its Lipstick With New Lease, Bigger NY Offices
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A&O scoops Shearman global M&A chief
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Winston debuts in Charlotte with six-partner banking raid
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Legal Profession Is Top Contributor of Campaign 'Bundlers'
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Judge Reluctantly Agrees Private Eye Can Be His Own Lawyer in Hollywood Wiretaps Trial
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Judge Threatens Prosecutor With Contempt for Wearing Ascot to Court
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Judge of the Day: William Sosnay
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Lawyer Sues Bar Over Bad Ad
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Bad Debts Earn License Suspension for Lawyer
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Release of Racist and Racy DA E-Mail Leads to Call for Resignation
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Coin Flip Decides Law Firm's New Name
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Paralegal Turea Simpson Receives Bankruptcy Assistant Certification
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Economy:

Goldman predicts light recession
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Citigroup, Merrill seek fresh capital injections
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Jobless Claims Fell in Latest Week
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Jittery? Mistrustful? Join the club
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Fed head may be forced to lower interest rates
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For Bernanke, a Question of Toughness
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Economists: Consumer spending, rate cut, will stave off recession
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Worker confidence plunges
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Will Greenspan's reputation be the next bubble to burst?
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How To Partner With Recession
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Utilities:

Calpine Corp to be rated 'B' upon upcoming bankruptcy exit
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Alternative Fuels:

NJ biodiesel company files for bankruptcy
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U.S. Energy Systems, Inc. Files Chapter 11 Seeking to Expedite Strategic Restructuring Process and Fund UK Operations
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Bonds:

Will the $3.7 trillion corporate bond market follow subprime's decline?
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MBIA cuts its dividend and will sell $1 billion in notes after losses
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How Do You Spell 'Crisis'? MBIA
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Mining:

Hedge fund objects to Lehman Brothers' pay in Asarco bankruptcy case
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Companies file bankruptcy petition against CW Mining
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Real Estate:

Countrywide says foreclosures highest on record
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Countrywide teeters on brink of bankruptcy
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Countrywide December loan fundings down 45%
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Mortgage Lender's Bankruptcy Would Have Severe Impact on Consumers
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Countrywide Shares Tumble
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BofA's Tough Countrywide Choice
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Forget the "Foreclosure Investigator"--File a Lawsuit!
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US mortgage applications 'soar'
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Keeping the Housing Slump at Bay
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Dirty Deeds
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KB Homes Betting On Countrywide Just As Market Kills It
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Washington Mutual stock falls amid mortgage woes
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New Century bankruptcy examiner seeks more time
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New Century Probe Results to Be Aired
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Bankruptcy Fears Bulldoze WCI Communities
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Too little, too late? Fannie Mae CEO calls for mortgage industry reforms
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Moody's cuts Goldman Sachs Alt-A deals
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Nevada firm to foreclose on Laughlin Ranch section
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Wall Street:

US Stocks Gain Most in 2 Weeks, Led by Technology, Financials
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Late Rally Saves Wall Street
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Tony Blair Expected to Join JPMorgan
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Countrywide Deals Another Blow to the Glass Jaw Market
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Stocks Set for Weak Start
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Chemicals:

Solutia to offer $400M notes to aid bankruptcy emergence
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Telecoms:

Pac-West Emerges from Bankruptcy; New Execs Take Over
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Aviation:

Delta Air Pilot Leaders Meet About Potential Mergers
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Pilots union chairman's letter to members
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Big Sky Layoffs
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Air Travelers' Woes Likely to Worsen This Year
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Comair cuts flights; jobs next?
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Layoffs:

Starting From Scratch At 50
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Another 1,656 Layoffs at NPG
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Furniture plant to lay off 175 to 190 workers
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Hedge Funds:

Bear Shutters Third Hedge Fund
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Corporate Reform:

No New Trial for Former Chief of Brocade
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Banking:

Capital One Lowers Profit Forecast
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Second Life bans virtual 'banks'
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Health Care:

Haven Case: Move To Not Pay Creditor
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Jewelry:

Derco Files for Chapter 11
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Lumber:

Hard times for mill
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Ponzi:

Alleged Ponzi Scheme Invokes Legal Fees
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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), (12)
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NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

Autos:

Delphi Begins Bankruptcy Financing Talks
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Toyota's Annual Sales Rise 6% As Auto Maker Eyes No. 1 Spot
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Concerns About Chrysler As Auto Show Starts
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Credit Cards:

Delinquency Rates On the Rise
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Accounting:

Have Auditors Become Too Conservative? Evidence from Going Concern Opinions
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Deloitte's Parmalat deal goes to bond holders
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Retailing:

December retail sales seen as tepid
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Slow December to Hit Stores
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Big 5 same-store sales fall
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Stock Brokers:

Bankruptcy Could Still Be On E*Trade's Table
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E*Trade Sells $3 Billion of Mortgage, Municipal Bonds
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Tech:

Novato high-tech firm declares bankruptcy
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Payroll Services:

'A mess' after Hollywood payroll firm implodes
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Mass Torts:

Insurer offers US firms asbestos cover
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Asbestos plaintiff can't fight tobacco dismissals
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Vioxx Settlement Plan Heads for Key Deadlines
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Credit Counseling:

Is Cheaper Better?
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UK:

Bank of England Keeps Benchmark Interest Rate at 5.5%
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ECB, BOE Leave Rates Unchanged
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Sagging Sales Slam Britain's Retailers
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Four out of 10 'relying on credit'
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Bill for Beckett's farm blunder: £300 million
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Calls are made on the insolvency profession and financial sector to deal with a potentially massive rise in personal insolvencies by 2010
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Darling Says Northern Rock Sale May Not Be Possible
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Canada:

Canadian banks could face broader troubles from US subprime
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Printer's shares sink below $1
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Australia:

Australian Banks Have Exposure to Countrywide
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Australian regulator in talks with Centro on debt
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Investors drive down banks on mortgage exposure
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Japan:

Muto Says Japan's Economy Will Keep Slowing for Now
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