January 3, 2007

Daily Bankruptcy News

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Law:

Kaye Scholer Names New Bankruptcy Partner, New Counsel
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Saul Ewing Bankruptcy Partner Completes Leadership Program
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Skadden: Serving Clients . . . and, Yet Again, Free Hot Cocoa!
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K&E Wins AmLaw's Litigation Dep't of the Year
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Greenberg Traurig Launches 'Collection Drive' (and Hints at No More Pay Raises)
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Protesters greet return of federal judge accused of sexual harassment
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Law Student Faces Kidnapping Charges
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Law Firm Accuses Ex-Associate of Stealing Clients
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Heller Re-Elects Larrabee to Top Job
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BigLaw Firm Denied Look at Ex-Client's Books in NY Malpractice Flap
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Lawyers For Spears Seek To Quit
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Litigation Department of the Year: Kirkland & Ellis
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Wiley Rein's Blackberry Associate Gets Promoted
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Clients May Help End Billing by the Hour
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Whither the Billable Hour?
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'Graphic Fantasies' Audiotape Forces Judge to Resign
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Managing Ethics in E-Discovery
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Trading Briefs for Scores: Associate Gives Up the Law for Musical Career
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Why some law profs are so unhappy
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Sometimes Rehiring Attorneys Is Better Than Hiring Them
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Want to Take the N.Y. Bar Exam? Sign a Waiver
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Edwards Angell Completes Merger with U.K. Firm
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Say What?!
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Non-Delaware Lawyers Giving Advice on Delaware Law to Delaware Corporations Can Be Sued in Delaware
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Wall Street:

Wall St start worst in 25 years
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Futures flat as oil, data produce caution
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Sour Start to '08 For Wall Street
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Recession Fears Reappear; Crude Oil Kisses $100 a Barrel
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Wall Street's Subprime Hangover
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Mass Torts:

ACandS Nears Bankruptcy Exit
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Federal-Mogul exits bankruptcy
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W.R. Grace volatility higher into asbestos hearing
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Utilities:

Calpine seen well positioned after bankruptcy
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Fuel company files bankruptcy petition
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A&B Fuel customers deluge DA
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Health Care:

Pharmed Tries to Sell Inventory
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Hospital's closure opens a door
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Largo Med's parent buying Sun Coast hospital
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Pensions:

Precision attempts to unload pensions
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Politics:

Warren: It's All Academic
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Edwards attacks high CEO pay, big oil profits
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Subprime Meltdown and Election 08
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Hedge Funds:

Ritchie tells investors it's not on verge of insolvency
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Why did a number of equity hedge funds suffer big losses in August 2007 - and what do those losses say about systemic risk?
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Drake puts limit on hedge fund cash requests
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Banking:

Regional Bank in Ohio to Trim 900 Jobs
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Bank CEO: 'Unprecedented Challenges Face Our Industry'
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How Safe Bank Tried Subprime And Got Singed
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Municipalities:

KY pension problem worsening
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Audit warned State Board of Administration about risky investments
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Finance:

Leveraged Loans Lose $28 Billion While Carlyle Gets Punished
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Real Estate:

First big U.S. home builder to fail in the current slump leaves trail of victims
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With Builder in Bankruptcy, Buyers Are Left Out
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MBA's Mortgage Applications Index Fell 12% Last Week
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Bush may offer more housing relief
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Fixes made in 2007 not enough to halt foreclosures
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City of debt shows US housing woe
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Judge: Mediate foreclosures
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State Street to take $279 million charge - CEO of fund-management unit quits, with $14.1 million payoff
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Apartment Prices in Manhattan Defy National Real Estate Slide
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Southern Star in Bohemia files for bankruptcy
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New Century Not Ready to Emerge
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A 'Realistic' View of Lennar's Solvency
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Accused Vegas mega-foreclosure scam artist behind bars
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Option ARM Armageddon?
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Vacant homes vex neighborhoods
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Economy:

Fed Officials Lowered Growth Outlook at Last Meeting
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Factory Doubts: Poor Fed
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Housing, Credit and Financial Problems Drove Fed Rate Cut
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Discussion of a Fed Cut Only Stirs Up Concerns About a Weak Economy
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Yield Curve Is Steepest Since 2005 on Bets for Rate Cut
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US manufacturing weakness stokes recession worry
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A recession warning from a survey of companies
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Is a Recession Certain?
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The era of easy money is over
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Economic confidence among small business owners slipped slightly in December for the fifth consecutive month
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December Credit Index Falls for 4th Month to Record Low
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What Sky-High Oil Prices Mean for the Economy
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Oil's Surge Reshapes the World
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Can the Economy Handle $100 Oil?
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Stock Brokers:

Ex-E*Trade CEO Leaves with $11M
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Bankruptcy Crimes:

Figure in Rowland scandal gets 5 more years in bankruptcy case
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Cotton Broker Sentenced to Federal Prison on Bankruptcy Fraud
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High-profile LA lawyer denied bail
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Autos:

Delphi Chairman Miller in-line for $8.3 million
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Employees unhappy about CEO's $8 million bonus
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Harbinger Liquidates Dana Corp. Stake
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GM Sales Face Economic Headwind
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Chrysler's Belvidere plant to lay off 1,096 workers
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Dura Automotive wins one-month extension on bankruptcy loans
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Dana offering up factories
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Consumers caught in car loan trap can blame themselves
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Detroit may see worst year since 1998
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Aviation:

Delta holds key to shape of US fleets
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Delta/United Airlines merger could be wishful thinking
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United cancels more flights, pilots dispute cause
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Former rivals step in to fill MAXJet void
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Northwest Airlines slices tax bill by $380 million
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Celebrity:

Suge Knight Calls $130 Million Judgment Fraudulent
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Fuel:

Ethanol plant reorg adviser quits after a month
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Music:

Hall of Fame seeks money from McLean estate
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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

Retailing:

Restructuring experts warn retailers
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Corporate Reform:

Companies' Denial of Guilt Is New Twist in Prosecution Deals
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Which GCs Are Most at Risk in Backdating Cases?
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Jewelry:

Alpha Omega files for bankruptcy protection
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Hedge fund boosts stake in troubled jeweler Zale
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Immigration:

Acambaro case holds potential to pit 2 courts
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Distressed Investing:

Distressed investing seen as top 2008 performer
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Bankruptcy Statistics:

Toledo-area bankruptcy filings rise in '07
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Tampa-area bankruptcy filings surged in '07
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Student Debt:

Debt Slavery is Everybody's Problem
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M&A:

Failed deal rings in '08, putting Blackstone to test
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Ratings Agencies:

Why the Ratings Agencies Flunked
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Chapter 13:

Debt Slavery? Correlation of Slavery with Chapter 13 Filing Patterns
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UK:

U.K. Banks Plan to Tighten All Lending This Quarter
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Bankruptcy forces knight out of home
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New Partner at Menzies
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Credit crunch pushed record 14000 Scots to bankruptcy last year
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First my boys died ... now ex-husband's debt may cost us our home
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Insolvencies 'due to festive debt'
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Christmas bills herald sharp rise in debt and bankruptcies
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Hedge fund ups Northern Rock stake
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Persimmon Falls as UBS Says Mortgage Crunch to Crimp Home Sales
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APS files for creditor protection
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Ukraine:

Ukraine's state-run energy firm near bankruptcy
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Tymoshenko orders financial probe into Ukraine's gas monopoly
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Australia:

Centro as whistle blower for next crisis
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Citadel eyeing investment in Centro
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Australian IPOs raise less money amid credit crisis
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NAB home rise to trigger soaring rates
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Canada:

Debt deadlines loom for Quebecor World
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Retailers in the grip of 'tough' times
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U.S. economy slows as fears build Canada will catch cold
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Brazil:

Can Civil Law Countries Get Good Institutions? Lessons from the History of Creditor Rights and Bond Markets in Brazil
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Italy:

Bertone sold to Gruppo Prototipo
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