July 11, 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:

Day Casebeer Weathers Storm Over Qualcomm Discovery
(DBN Subscription Required)

Jury Foreman in Fen-Phen: Prosecutors Didn't Do Their Job Correctly
(DBN Subscription Required)

Start Date / Layoff Watch: Seyfarth Shaw
(DBN Subscription Required)

Start Date Watch: Powell Goldstein
(DBN Subscription Required)

Heller Ehrman, Baker & McKenzie: C'mon, Guys, Get A Room Already!
(DBN Subscription Required)

UK Financial Powerhouses Laying Off Lawyers
(DBN Subscription Required)

Taxing the Rich (As In, Rich Lawyers Like You)
(DBN Subscription Required)

Subprime Legal: A Look at Who's Repping Former Credit Suisse Brokers
(DBN Subscription Required)

Corporate Push for Law Firm Diversity Enters a New Phase
(DBN Subscription Required)

Christensen Case a 'Wake-Up' Call for Lawyers on Use of Private Eyes
(DBN Subscription Required)

Law Firm Loses Bid to Collect 'Premium Fee'
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Most-Dissatisfied Professionals in the UK Are Male Lawyers
(DBN Subscription Required)

Law Firm Says Scrushy Owes It $57,000
(DBN Subscription Required)

Lawyer Band Practices in Judge's Chambers
(DBN Subscription Required)

Adventures in Lawyer Advertising: It's Dress-Up Barbie Time!
(DBN Subscription Required)

Sudden Settlement Ends Lurid Trial in Christie Brinkley Divorce
(DBN Subscription Required)

______________

Judges:

Judge Kozinski on Dating Game: "Good Afternoon, Flower of my Heart"
(DBN Subscription Required)

Embattled Las Vegas Judge Loses Bid to Extend Her Term
(DBN Subscription Required)

______________

Economy:

Why the Fed's Job Is Hard
(DBN Subscription Required)

Bernanke: Plan for another Bear-like collapse
(DBN Subscription Required)

Housing's Freefall Creates Bigger Problems for US Economy
(DBN Subscription Required)

Growth, Inflation in Dead Heat
(WSJ: separate paid subscription required)

Jobless claims dip but labor market still weak
(DBN Subscription Required)

Paulson Coy About Fannie And Freddie
(DBN Subscription Required)

Crude Oil Jumps More Than $5
(DBN Subscription Required)

Japan's Lost Decade Threatens to Be Global Norm
(DBN Subscription Required)

Economy Down, Crimestoppers Tips Up :)
(DBN Subscription Required)

A Delicate Balance
(DBN Subscription Required)

Crude Oil Rises to Record on Speculation Israel May Attack Iran
(DBN Subscription Required)

______________

Politics:

McCain Says Fannie, Freddie `Vital,' Must Not Fail
(DBN Subscription Required)

McCain Open to Bailouts for Fannie and Freddie
(DBN Subscription Required)

McCain Rejects 'Nation of Whiners' Comment by Gramm
(DBN Subscription Required)

McCain, Adviser at Odds Over Economy
(WSJ: separate paid subscription required)

Obama aide: Fannie, Freddie woes reflect economy
(DBN Subscription Required)

McCain, Obama Economic Messages Thrown Off Course by Diversions
(DBN Subscription Required)

N.Y. Congressman Rents Apartments at Bargain Rates
(NYT: separate free registration required)

______________

Aviation:

Airlines blame oil speculators for fuel prices
(DBN Subscription Required)

American Airlines Begins Major Employee Layoff
(DBN Subscription Required)

Frontier defers deliveries of Airbus jets
(DBN Subscription Required)

Delta, Northwest pilots to vote on labor agreement
(WSJ: separate paid subscription required)

Clock ticking on TPG-backed Midwest to secure concessions
(DBN Subscription Required)

An Open Letter to All Airlines
(DBN Subscription Required)

Aerospace Industry Flying Into Strong Turbulence Ahead
(DBN Subscription Required)

Airlines' woes hit repair shops
(DBN Subscription Required)

Oil-hit plane makers brace as big air show looms
(DBN Subscription Required)

______________

Mining:

Sterlite woos Asarco unions
(DBN Subscription Required)

Chair, Ranking Member of U.S. House Judiciary Committee Urge DOJ to do 'Careful Study' of Environmental Record of Vedanta/Sterlite, Other Would-Be Buyers of ASARCO
(DBN Subscription Required)

Colorado, feds reach $138.5M settlement over California Gulch
(DBN Subscription Required)

Grupo Mexico: Asarco sought new owner all along
(DBN Subscription Required)

House Judiciary Committee members join chorus questioning Asarco sale to Sterlite
(DBN Subscription Required)

______________

Health Care:

Judge OKs hospital's emergence from bankruptcy
(DBN Subscription Required)

Highgate's facilities to be auctioned
(DBN Subscription Required)

______________

Dry Cleaning:

Hilco Units Engaged to Market Business Assets of National Dry Cleaners, Inc.
(DBN Subscription Required)

______________

Pigeons:

Pigeon King bankruptcy files show it was $23-million in debt
(DBN Subscription Required)

______________

Televisions:

Syntax-Brillian Wins Early Chpt. 11 Motions
(DBN Subscription Required)

Olevia TV-Maker Files For Bankruptcy. Goodbye, Warranties
(DBN Subscription Required)

______________

Trucking:

Jevic moves ahead with truck sales
(DBN Subscription Required)

Palmer seeks relief: 3 companies filing for bankruptcy
(DBN Subscription Required)

Wells Fargo nets IdleAire
(DBN Subscription Required)

______________

Magazines:

In Deepening Ad Decline, Sales Fall 8% at Magazines
(NYT: separate free registration required)

______________

Credit Cards:

Consumer Credit Outstanding Rises, Fed Reports
(DBN Subscription Required)

______________

Distressed Investing:

Buyout firms shop the world for retail deals
(DBN Subscription Required)

______________

 

 

Real Estate:

Foreclosure Filings Drop in June
(DBN Subscription Required)

Foreclosures up more than 76 percent in California in June
(DBN Subscription Required)

N.C. foreclosures up 78%
(DBN Subscription Required)

Foreclosure Crisis Worst Since 1930s Great Depression
(DBN Subscription Required)

Fannie Mae, Freddie Mac shares slide for third day
(DBN Subscription Required)

Officials Rush to Reassure Markets About Loan Agencies
(NYT: separate free registration required)

Loan-Agency Woes Swell From a Trickle to a Torrent
(NYT: separate free registration required)

Insurance Dilemma Hits Fannie, Freddie
(WSJ: separate paid subscription required)

Fannie, Freddie Tumble on Bailout Concern, UBS Cut
(DBN Subscription Required)

US Reluctant to Bail Out Fannie Mae, Freddie Mac
(DBN Subscription Required)

Treasuries Fall on Speculation US to Support Fannie, Freddie
(DBN Subscription Required)

US Govt Considers Fannie/Freddie Takeover With No Debt Guaranty
(DBN Subscription Required)

Credit markets question value of GSEs' top ratings
(DBN Subscription Required)

Investors scramble for US T-bills on GSE fears
(DBN Subscription Required)

Fannie, Freddie sink on government rescue fears
(DBN Subscription Required)

The indispensability of Fannie and Freddie
(DBN Subscription Required)

Loomis Sayles' Fuss buying Fannie, Freddie debt
(DBN Subscription Required)

Fannie and Freddie: Beginning of a Bottom?
(DBN Subscription Required)

Extending the mortgage-crash pain
(DBN Subscription Required)

Home Prices Off More than 20 Percent Nationally
(DBN Subscription Required)

Encap's Mob Ties
(DBN Subscription Required)

Home builders are buying and developing land again -- or at least talking about it -- and analysts have misgivings
(DBN Subscription Required)

Fieldstone bankruptcy plan OK'd by judge
(DBN Subscription Required)

2nd lender announces Mortgages Ltd. help
(DBN Subscription Required)

MA condo developer wants to liquidate
(DBN Subscription Required)

Diablo Grande's collateral value plummets
(DBN Subscription Required)

River Elks creditor to seek stay relief
(DBN Subscription Required)

Deutsche Bank Sued Over Vacant Homes
(WSJ: separate paid subscription required)

Indymac Gets An FDIC Haircut?
(DBN Subscription Required)

The Handwriting On The Wall Is All In Caps
(DBN Subscription Required)

MW Johnson wins use of DIP
(DBN Subscription Required)

Downey Savings Abruptly Stops Doing Pay Option ARMs
(DBN Subscription Required)

Dodd poised for mortgage bill's passage today
(DBN Subscription Required)

Housing bailout includes new fingerprint demand
(DBN Subscription Required)

______________

Autos:

Shares of GM tumble to new 54-year low on speculation about financial health, bankruptcy
(DBN Subscription Required)

GM Gives 'No Thoughts' to Bankruptcy, Wagoner Says
(DBN Subscription Required)

Trouble? Here? No way
(DBN Subscription Required)

Chrysler to offer zero pct financing on '08 Rams
(DBN Subscription Required)

Chrysler says bankruptcy rumor has no merit
(DBN Subscription Required)

Recapitalization more likely than bankruptcy for Big 3 automakers
(DBN Subscription Required)

Domestic automakers' survival vital to national interest
(DBN Subscription Required)

Ex-car dealer gets 26 months in bank fraud
(DBN Subscription Required)

______________

Food/Drink:

Uneasy economy puts restaurants in the crosshairs
(DBN Subscription Required)

Wornick Company Successfully Completes Financial Restructuring
(DBN Subscription Required)

Judge approves LeNature's liquidation plan
(DBN Subscription Required)

______________

Celebs:

Vick's financial situation brings more bad news for Falcons
(DBN Subscription Required)

Hey Mike, where's the money?
(DBN Subscription Required)

Pete Doherty Heading for Bankruptcy?
(DBN Subscription Required)

Who wants to buy a Super Bowl ring?
(DBN Subscription Required)

______________

Municipalities:

Jefferson County Commissioners Tout New Debt Negotiation Team
(DBN Subscription Required)

Government Rule Makers Looking at Pensions
(NYT: separate free registration required)

______________

Retailing:

Linens 'n Things vendor payment program approved
(DBN Subscription Required)

Hopes high for Steve & Barry's
(DBN Subscription Required)

Buyers not likely for Steve & Barry's
(DBN Subscription Required)

Even Successful Sellers Can't Avoid Chapter 11
(DBN Subscription Required)

Burberry, PPR Fall as Deutsche, Goldman Cut Estimates
(DBN Subscription Required)

Best Buy falls on retail analyst's comments
(DBN Subscription Required)

Nordstrom tumbles on earnings warning
(DBN Subscription Required)

US Consumers Trade Down As Economic Angst Grows
(WSJ: separate paid subscription required)

______________

Credit Reporting:

Credit Scores Cost Consumers $28 Billion
(DBN Subscription Required)

______________

Bonds:

Debt Downgrades Keep Climbing
(DBN Subscription Required)

______________

Predatory Lending:

Payday lender to pay $38,000 for violating laws
(DBN Subscription Required)

______________

Accounting:

You'll Need a Fair Value "Mindset"
(DBN Subscription Required)

PwC Case Could Have Impact on Liability
(DBN Subscription Required)

Bernanke, Paulson Back Global Accounting
(DBN Subscription Required)

______________

Radio:

Radio stocks rocked; ad revenue concerns
(DBN Subscription Required)

______________

Tax:

Guilty Plea in Case of Illegal Shelters
(NYT: separate free registration required)

______________

Furniture:

Dormia wins final DIP
(DBN Subscription 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)

_____________

Banking:

Psst. Want Wachovia?
(DBN Subscription Required)

On CEO's first day, Wachovia hits 17-year low
(DBN Subscription Required)

Citi Sells Unit to Credit Mutuel for EU4.9 Billion
(DBN Subscription Required)

The Fed likes the idea of private equity shoring up banks
(DBN Subscription Required)

Fortis CEO could be dismissed on Friday
(DBN Subscription Required)

______________

Wall Street:

Futures point to lower open; GSE plan in focus
(DBN Subscription Required)

Futures Trip on Financials, Oil
(WSJ: separate paid subscription required)

US stock mostly lower on Fannie, Freddie woes
(DBN Subscription Required)

When the Bear Attacks - The past offers hints.
(DBN Subscription Required)

Lehman Shares Sink as Fannie, Freddie Plunge for Second Day
(DBN Subscription Required)

Pimco Says It Continues To Trade With Lehman
(DBN Subscription Required)

The Scare At Lehman: Like A Dress Rehearsal For A Run On The Bank
(DBN Subscription Required)

Investment firms didn't draw emergency Fed loans
(DBN Subscription Required)

______________

Horse Racing:

NYRA running short of cash
(DBN Subscription Required)

______________

Corporate Reform:

Bernanke stresses regulations in comments
(DBN Subscription Required)

Paulson: Hedge funds should not be immune from regulatory overhaul
(DBN Subscription Required)

______________

Newspapers:

Subscriber sues newspaper for cutting staff
(DBN Subscription Required)

______________

Alternative Energy:

Minnesota Cheated On Ethanol Subsidies, Bankrupt Company And Backers Say
(DBN Subscription Required)

______________

Forest Products:

Judge hears Palco stay arguments
(DBN Subscription Required)

______________

Fraud:

Bilked investors in Chattanooga told to be patient
(DBN Subscription Required)

Creditors' Hearing For Luis Rivas Investors Postponed To Aug. 7
(DBN Subscription Required)

______________

Hedge Funds:

Sandelman Blocks Redemptions
(DBN Subscription Required)

Hedge Funds Hit Storms
(WSJ: separate paid subscription required)

______________

Debt Collection:

M&A Activity in the Debt Collection Industry on Target to Exceed 2007 Results
(DBN Subscription Required)

______________

Gambling:

Vegas Strip revenue continues to suffer
(DBN Subscription Required)

______________

Mass Torts:

Justices back judge on dismissal of railroad asbestos suits
(DBN Subscription Required)

______________

Student Debt:

DOE Takes Steps to Aid Lenders
(DBN Subscription Required)

______________

Wealth:

10 Million Wealthy Folks Own An Astounding $40 Trillion!
(DBN Subscription Required)

______________

UK:

UK Business Failures Rise as Slowdown Takes Hold
(DBN Subscription Required)

Bez Bankrupt for the Second Time
(DBN Subscription Required)

Crunch hits savings and kids cash
(DBN Subscription Required)

House prices falling at fastest rate for 50 years - and interest rates 'won't be cut until 2009'
(DBN Subscription Required)

Incredulity over Katona's camp
(DBN Subscription Required)

UK FTSE 100 Index Enters Bear Market
(DBN Subscription Required)

______________

Canada:

Workers of bankrupt auto-parts maker meet with feds
(DBN Subscription Required)

Federal Gypsum workers can earn back pay by finishing order
(DBN Subscription Required)

Canada Shed 5000 Jobs; Unemployment Rose to 6.2%
(DBN Subscription Required)

Argus saga nears end
(DBN Subscription Required)

______________

Poland:

Poland Appeals to EU for More Time for Shipyards
(DBN Subscription Required)

______________

Australia:

Dark week and worse to come for property trusts
(DBN Subscription Required)

______________

China:

Shock for world trade as China exports fall
(DBN Subscription Required)

______________

EU:

EU Raids Cargill, Bunge Offices
(WSJ: separate paid subscription required)

______________

New Zealand:

US lender behind Five Mile receivership step
(DBN Subscription Required)

______________

Japan:

JGBs fall on Fannie Mae, Freddie Mac takeover report
(DBN Subscription Required)

______________

Denmark:

Roskilde Bank Tumbles After Central Bank Bailout
(DBN Subscription Required)

______________

Hungary:

Liquidation Proceedings In Hungary
(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 (email inquiries are usually answered substantially more quickly than phone inquiries).