July 29, 2008

Daily Bankruptcy News

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Law:

Kirkland ramps up New York with Weil capture
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Jenner & Block's Bankruptcy Practice Bolstered
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Gay Associate Who Sued S&C Over Bias Joins Clifford Chance
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Survey: 2007 Was a Good Year to Graduate Law School
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Probe finds Gonzales aides blocked jobs
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Who's to Blame for GonzoGate? DOJ Report Points to Goodling
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BigLaw Rollercoaster: First Layoffs, Then Promotions, Fee Cuts and . . . Bonuses?
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In the Christensen Trial, Animosities Are Revealed
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When Clients Are Sold, Law Firms Could Be Left Behind
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Spence: Law School Is a Fraud
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Lawyers happy to join up with accountants
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London Push Is "Just Capital": Firms Look to UK for Cash for Clients
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Chamber Attacks Plaintiffs Bar on 'Earmarks'
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Do You Suffer From 'Preparing to Live Syndrome'?
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Former US Atty Says Fired For Reporting Fraud
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One Lawyer on Payroll of Seven N.Y. Fire Districts
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'How To Handle This?' (By not sending out over the law school list-serv?)
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How Not To Spend the Week Before the Bar Exam?
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Judges:

Kozinski, facing disciplinary inquiry, to keep low profile at conference
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Hippies, sword-wielding Mongols and the 9th Circuit's image problem
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Judge Sanctioned for Calling Crack Addiction a 'Black Man's Disease'
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Economy:

NY Gov warns of worst economy in decades
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Fed's Mishkin: inflation 'above rates consistent with price stability'
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US unemployment highest in 20 years
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More businesses planning job cuts
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Oil stages late-day rally amid tensions
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US Motorists May Drive Less for 1st Time Since 1980
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Credit crisis now hits the well-off
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Record Deficit of $482 Billion Forecast
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9 ways you can take advantage of this "terrible" economy
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M&A:

KKR Aims to Catch Blackstone With Offering, New Funds
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Aviation:

Tradewinds Airlines files for bankruptcy
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AirTran posts $13.5M loss
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AirTran's 2nd-quarter losses not as bad as expected
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British Airways, Iberia Holding Discussions on Merger
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Systemwide Cuts Starting to Hurt
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Are you gay?
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Russian Air Carriers at Risk of Mass Bankruptcy
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Britain may lose 5 million air travelers
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Berlusconi Hatches Plan To Save Alitalia
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Ryanair chief seeks new ploys to fly clear of trouble
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Air Canada in for rocky ride
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This Oasis Is Closed
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Autos:

Fed aid for Big 3 pushed
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Delphi can proceed with Appaloosa suit
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Did Appaloosa Horse around on Delphi Deal?
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G.M. Cuts Jobs as Part of a Production Curb
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GM closure just the tip of the iceberg
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Are auto jobs lost forever?
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GM to Cut Shifts, Slow Output at Four Truck Plants
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Printing:

Quebecor World Appoints Jeremy Roberts Chief Financial Officer
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Corporate Reform:

Ex-Refco chief plans appeal of prison sentence
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Real Estate:

IMF warns of more housing-related pain, end "not visible"
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Fannie, Freddie Find Housing Bill Leans Toward Rescue
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Freddie Mac/Fannie Mae bailout added to U.S. debt
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Paulson's Covered-Bond Guidelines Seek to Spur Sales
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CNA Buys More Subprime, Calls Mortgages 'Attractive'
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Should Freddie Mac and Fannie Mae Retain Immunity From Taxes?
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A New Tool Announced to Support Home Loans
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Stay in Your Foreclosed Home and Fight. It Can Work Out
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Struggling Public Homebuilders Try Custom Homebuilding
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Meet Judge Arthur Schack, Foreclosure Watchdog
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Wall Street:

Dow Plunges 240 Points Monday
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Bleak Housing Outlook
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Merrill Plans $5.7 Billion Write-Down
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Merrill to sell troubled assets, raise capital
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Merrill Tries to Lance the Boil
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KKR in Fishbowl, Swims With Sharks
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Singapore Saves Merrill
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Stock Indexes Continue to Slip
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Politics:

Warren Buffett to advise Barack Obama on the economy
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Retailing:

Linens 'n Things to Close 57 Underperforming Stores
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Steve & Barry's lays off 125 workers
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Goody's seeks approval of reorganization plan, hearing Aug. 25
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Former clothing chain owners still in court fight
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Mervyn's may file for bankruptcy in 'next few days'
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Another LBO'd Retailer's Bankruptcy Said to Be Imminent
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Boscov's denies bankruptcy reports
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Boscov's ponders next step
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Furniture:

Assets of bankrupt Suiteplay set for auction
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Douglas Furniture files for Chapter 11 protection
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Gambling:

With Pittsburgh Casino In Crisis, Gaming Board Staff To Visit
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Officials weigh casino takeover
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Oil/Gas:

On SemGroup and Margin Requirements
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More creditors come after firm
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SemGroup subsidiary reaches pact
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Enterra Energy Trust Announces Financial Exposure to SemGroup
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Pioneer seeks $30M out of SemGroup bankruptcy
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Big overlap between SemGroup LP and SemGroup Energy Partners execs
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Calgary firm unfazed by US parent's woes
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List of Canadian firms owed by energy marketer SemGroup grows
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Where does US get its oil?
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Pioneer Natural seeks SemGroup condensate payment
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Finance:

Crunch boosts demand for staple financing
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Business loans dip as banks mend
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Bonds:

XL to recapitalize its former bond insurance unit
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Crumbling bond market sounds distress alarm
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States Conducting Coordinated GIC Probe
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Newspapers:

Journal Register's troubles exemplify an industry
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Avoidance Actions:

It Is Time to "Sunset" Preference Law As We Have Known It
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New Bankruptcy Opinions
(1 new opinion 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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Food/Drink:

Tyson Falls as Profit Slumps 92%
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Court appoints committee to represent USA Springs' creditors
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Arenas:

DVA Sports files for bankruptcy
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Personal Finance:

The Suicide Solution
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Health Care:

Brownsville Hospital To Re-Open
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Health care in crisis
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Medical Credit Scoring in Hospitals
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Resorts:

Tamarack plans to sell $670 mln in bonds
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Forest Products:

Judge insists Palco plan get under way
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Transfer of PALCO assets mired in legal wrangling
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Municipalities:

Jeffco heading for default on $3.2 billion sewer payment
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Committees:

Upcoming DE Organizational Meetings
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Banking:

Testimony About a U.S. Law in Russian Bank Case
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Banks' Woes Made Worse By Big Bets on Banks
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More writedowns for Citi?
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Bank Of America Lets Identity Thief Withdraw$40,000 In 1 day
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5 big winners in the banking crisis
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National Bank of Nevada and First Heritage make seven failed banks, so far
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Computers:

Assurz Folds--Are Customers Stuck?
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Ratings Agencies:

Einhorn gives ratings agencies junk rating
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Accounting:

Nursing-home Verdict against PwC Upheld
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How to arrive at fair value during a crisis
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Mass Torts:

11th Circuit Rules That Celotex Provided Late Notice for Asbestos Property Damage Claims
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Fraud:

Investors Were Taken for 'Tens of Millions' in Real-Estate Ponzi Scheme, They Claim
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Construction:

Housing slump pummels G-Katmar Construction into bankruptcy
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Pigeons:

Pigeon King to face creditors
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UK:

No quick fix for UK home loan crisis
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Curtis staff hold sit-in over pay after administrators called in
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Mortgage approvals hit new low
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Canada:

Federal Gypsum files for bankruptcy
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Tahera ordered to pay
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BCE Plans to Eliminate About 2500 Management Jobs
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Canadian Commercial Paper Holders Seek Protection Extension
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FisherCast owes nearly $40M
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Between a rock and a hard place
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Eaton's memorabilia looking for a home as liquidator closes books
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