July 15, 2008

Daily Bankruptcy News

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Law:

Alston & Bird Chief Mum on Merger With Calif. Firm
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The Dog That's Not Barking - Where is all the restructuring and insolvency work?
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BigLaw Leaders Take the Reins Earlier Than Expected but Unfazed
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Dude, Where's Her Car? Ex-Counsel Sues Skadden
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Take Them Out to The All-Star Game
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The Business Press and the Billable Hour
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Layoff Watch: Pillsbury Winthrop Axes 15 in California?
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Creative renaming of legal services
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Woman arrested for toilet seat attack on boyfriend
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Strip Search of 13-Year-Old for Ibuprofen Ruled Unconstitutional
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Patent Venue: Is E.D. Texas the 'New Delaware'?
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Will Law Firm Economic Hard Times Drive New Technology Adoption?
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Former Assistant AG Winds Up on Feds' Terror Watch List
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Barack Obama, Legal Scholar
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Band from law firm booked for a big gig
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Find Evidence on Your Opponent's Web Site
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Amid Turmoil, Opportunity Awaits In Debt-To-Equity Conversions
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Has a U.S. Attorney Knowingly Prosecuted Innocent People?
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Personal bankruptcy law firm records found in trash dumpster
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Lawyer of the Day: Kennan M. DeWitt
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Lawyer's Affair Leads to Firm Breakup, $2M Verdict
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Forced to Retire at 65, Lawyer Sues Firm for Age Discrimination
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Judges:

Judge Who Fought Off Mugger Can't Fight Off Ethics Charges
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Judge of the Day: Deborah Riga
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Economy:

Soros: Fannie, Freddie crisis not the last
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Dollar Drops To Record Low
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Inflation up at fastest pace in 27 years
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The Bailout Bonanza Scorecard
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Subsidizing failures has had success
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Credit crisis enters uncharted territory
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Fed Takes New Step In Critical Evolution
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Are more banking bailouts looming?
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Crisis Tests Faith in U.S. Economy
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Ailing sentiment hits dollar and global stocks
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Financial collapse edges closer
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Hidden Casualties Of $4 Gas
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Lessons in Love, by Way of Economics
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Recession-Plagued Nation Demands New Bubble To Invest In :)
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Is Florida the Sunset State?
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Wall Street:

Stocks in Europe, Asia Decline; US Index Futures Retreat
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Stocks Plunge on Fear...
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Global Selloff Hammers Futures
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US Stocks Fall Monday, Led by Biggest Drop in Financials Since 2000
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US financial turmoil as rescue plan flops
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FTSE 100 falls 2.6 pct
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US bail-out fails to calm nerves
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Avoid Financials as `Fires' Continue, Birinyi Says
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Lehman Should Go Private
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Lehman CEO mulls ways to take bank private
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Politics:

GOP warns against fast government action on mortgages
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Dodd To Hold Hearing On Fannie-Freddie Plan
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Fannie, Freddie Fix May Not Come Quick
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McCain backs US actions on Freddie Mac, Fannie Mae
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Democrats Back Paulson Plan, May Set Vote This Week
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Housing, banking crisis piles pressure on Bush
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Autos:

G.M. to Announce a Further Restructuring
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GM set to cut thousands of jobs
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White-collar jobs are target in latest GM cuts
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GM prepares for 'realignment'
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Automakers view bankruptcy as last resort
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Delphi selling its brake business
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White knights for GM, Ford? Don't look to the Middle Kingdom
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Dollar Thrifty shifts credit agreement
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Johnston Shield seeks use of cash
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Aviation:

Midwest Airlines will cut 1200 jobs
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Midwest, Flight Attendants Meet
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AirTran shares plunge on downgrades
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American Results May Herald $910 Million in US Airline Losses
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United To Post $2.7 Billion Hit In Second Quarter
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When Sleeping at the Airport Is Part of the Trip
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Airlines to begin selling ads on boarding passes
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Despite FAA's Flight Limits, Airport Delays Worsen
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For airlines, second-quarter results is about cash
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EU receives Italian assurances on Alitalia
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British Airways Says Fuel Costs Make Break-Even Tough
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WL Ross to invest $80M in Indian airline
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Dry Cleaning:

Tuchman parent files for bankruptcy
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Alternative Energy:

Wyo Ethanol parent files for bankruptcy
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The great biolfuels con
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Fraud:

Legal heavyweights on bankruptcy/fraud case
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Telecoms:

Broadview wins Lightwave for $5.8M
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Real Estate:

Fannie, Freddie shares fall after early gains
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Fannie, Freddie Lure Debt Investors as Shares Plunge
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The End of Fannie and Freddie?
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'Unmitigated Disaster'
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Scramble Led to Rescue Plan on Mortgages
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Paulson Drove Rescue Plan
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Treasury: Authority to purchase GSE equity is 'not something we expect to use'
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Rogers, Soros: Fannie, Freddie plan a disaster
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Congress needs to rein in Fannie Mae and Freddie Mac
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Break Em' Up
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Averting a rescue
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Rescue mortgage-finance giants, but with accountability
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Biggs Calls Criticism of Fannie, Freddie Plan 'Silly'
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Money Funds Stick With Fannie, Freddie Debt on Rescue
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Freddie Mac Auctions off $3 Billion in Debt
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Plenty of Blame to Go Around for Fannie, Freddie
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Stock holders fret over US govt Fannie/Freddie plan
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Fannie Mae and Freddie Mac on trial
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Fannie, Freddie rescue pushes housing aid
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The Fallout From Freddie and Fannie
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Fannie and Freddie won't fail, but will they lend?
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Mixed Reads on Fannie, Freddie
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Germany's Steinbrueck expects more US Freddie, Fannie moves
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Treasury Rescues Should Have 'Upside' for Taxpayers
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Economist sees 'two-tier' mortgage system emerging
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What It Takes to Get a Mortgage Now
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Home not so sweet home
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New Fed Rules Crack Down on Shady Lenders
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The Golden State's Not-So-Golden Goose
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Promises Turn to Dust
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Housing crisis expected to deepen
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Lenders will get tougher
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Mortgage Insurers Raise Bar
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Retailing:

Teen Retailers' Back-to-School Blues
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Sunrise Mall gets reprieve from bankruptcy judge
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LNT plan almost ready - but will it fly?
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Retailer's Collapse Hits Mall Owners
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Judge OKs Dawahare's bid procedures
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Academia:

Eric Nguyen publishes paper in leading bankruptcy law journal
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Corporate Reform:

Mile High case goes to jury
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Poulsen trial delayed until October
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S.E.C. Maintains Complaint Against Langford is Valid
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Democrats Move to Regulate Corporate Monitors
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Student Debt:

Credit card debt on campus
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Financial Literacy:

Teaching Teens that Money Matters
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Personal Finance:

Ernst & Young Study Finds Most Middle Class Retirees Will Outlive Retirement Savings
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Hedge Funds:

Bayou Asks for Return of $89 Million Paid to Investors
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Textiles:

Western makes bed in Ch. 11
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Pillowtex: Five Years Later
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Movie Industry:

Paramount forced to suspend $450m financing
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Crisis Or Not?
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Television:

Approval for sale of Eagle assets expected tomorrow
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Syntax-Brillian gets $7.5 million interim financing
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Tax:

I.R.S. Aims to Give Teeth to a Program Meant to Counter Offshore Tax Avoidance
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Municipalities:

Here's Why Jefferson County, Alabama, Has to Go Bust
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Hedge Funds:

Insolvency: Hedge strippers
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Hedge Funds Subpoenaed in SEC Probe
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Health Care:

Credit ratings reflect Forum's problems
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Steel:

Tippins creditors to probe books
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Celebs:

Feds want $424 million restitution from Lou Pearlman
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Carpet:

Trinity rolls to auction
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Fraud:

$33 million Ponzi scheme halted
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Accounting:

Materiality Debate Emerges from the Dark
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Recording Industry:

Death Row Records auctioned for $24 million
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Mining:

Mining Arizona for stripped profit
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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)
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Banking:

Lines for cash
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Analysts Say More Banks Will Fail
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Confidence in U.S. banking sector weakens
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Regional Banks Face Rumors, Mass Investor Defections
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IndyMac Insurance Tab Could Hit $8B
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FDIC halts foreclosure on IndyMac mortgages
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Hall of shame for IndyMac ex-CEO
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IndyMac Failure - Test of FDIC Insurance
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'Insiders' get it wrong on IndyMac
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Washington Mutual shares plunge 30 percent
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Washington Mutual Drop Wipes Out Most of TPG Holding
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WaMu Says It's 'Well Capitalized,' With $40 Billion Liquidity
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Citi's $1.1 Trillion of Mysterious Assets Shadows Earnings
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Citi's Appointments With Red Ink
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Downey Savings & Loan - Next to Go?
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Is There A Full Moon?
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'Lists of Most Troubled Banks'
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Bankruptcy Reform:

Study Examines Potential BAPCPA Constitutional Issues
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Newspapers:

Chicago Tribune editor resigns
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LA Times Publisher David Hiller resigns
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Corporate Governance:

CareFirst Exec Has Exit Pay Halved
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D&O Insurance: The Adjudicated Fraud Exclusion
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Tech:

Sales Expected to Fall 20% in Semiconductor Equipment
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Oil/Gas:

Torrent gets final DIP nod
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Bankruptcy Statistics:

More Women Going Bankrupt
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Debt Collection:

In bad economy, life is good for the repo man
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UST:

Daniel M. McDermott is Appointed United States Trustee for Ohio, Michigan
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Awards:

L.A. attorney Amy Goldman named president of California Bankruptcy Forum
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Advertising:

Ad agency continues on despite Steve & Barry's bankruptcy
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Bathtubs:

Tub supplier seeks protection
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Pensions:

Turnover at PBGC exceeds that at other government agencies
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UK:

Cameron to call for bankruptcy help
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Cameron Proposes US-Style Bankruptcy System for UK Business
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How London can stay ahead in the recession
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Wife of canoe man lied to avoid bankruptcy 'shame', court told
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UK House-Price Drops Stay Close to Most Widespread Since 1978
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Retail sales fall back as May sun disappears
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Tory plan to 'protect firms from credit crunch'
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All is not well with A&L
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Hunt for liquidity intensifies as credit dries up, reports Q2 Deloitte CFO Survey
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Dawnay, Day files for administration
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Deloitte administrates home builders squeezed by crunch
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Shares slump wipes £45bn off pensions
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Russia:

Global Credit Crunch Affects Russian Loans
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Canada:

Student loan debt? Now forgivable via bankruptcy
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New statutory amendments re-order secured creditor priorities
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Maax sale prompts Ch. 15 filing
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Italy:

Parmalat Cuts Profit Forecast for 2008, Cites Economy
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Japan:

Japan's Stock Futures Drop in US as Financial Concerns Mount
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Bank of Japan cuts growth view, holds line on rates
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Australia:

ANZ Bank Loses A$275 Million From Opes Share Sale
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Kingpin stands to collect in crash
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New Zealand:

New Zealand Inflation Accelerates to 18-Year-High
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D-Day passes with no sign of Petricevic pay out
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Germany:

German Investor Confidence Fell to Record in July
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Spain:

Bankruptcy fears hit Spanish building stocks
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Martinsa Seeks Bankruptcy Protection After Failing to Get Loan
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Poland:

EU to defer Polish shipyard aid repayment
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