July 30, 2008
Daily Bankruptcy News
Bankruptcy heads into the 'perfect storm'
Subprime Class Actions Proliferating, Says New Report
Sued More, Settling Less
The New Whipping Boy?
Orrick Settles With San Diego for $2.8 Million Over City Pension Fund
More law firms demand that clients sign blanket waivers.
Should You Break Bread With the Enemy?
Martindale-Hubbell Gets a Makeover
Law Firm Mascot of the Day: Lady J.
Prominent Lawyer Accused by Former Paralegal of Being 'Sexual Predator'
New Marketing Technology Awaits Your Firm
Firms jockey for more green
When To Turn Down a Tenured Law Professorship Job Offer
Thompson & Knight Goes Modern
Akin Gump Losing Lawyers to Greenberg Traurig and Hunton & Williams
Southern Firms Take Comfort in California Sun
Citing Racist Behavior, Judges Ban Lawyer From Courthouse Floor
Sun & Orrick Uncork Photocopy Whines
New Theory Why US Attorneys Were Axed: Perceived Sexual Orientation?
Virtual Law Partners
Proposed Litigation Disclosure Rules Brouhaha
Are Traditional Retainer Agreements Outdated?
Where Kozinski Goes, So Goes Security
US Stock Futures Gain
Markets Poised to Extend Gains
Dow jumps 266; crude drops to $122
SEC extends limits on naked short selling
Merrill Sells $8.55 Billion of Stock, Unloads CDOs
By unloading assets at a deep discount, has Merrill Lynch put other banks on the hot seat?
Will Merrill's Markdown Cap the Credit Crunch?
"I Said What?!"
Merrill Options Trading `Stood Out' Prior to $5.7 Billion Loss
Fire sale at Merrill puts Thain on the hot seat
Wall Street analysts see bigger 2008 loss for Merrill
Frank Quattrone's Comeback
Restaurant Chains Close as Diners Reduce Spending
Bennigan's, two other dining chains file for bankruptcy
Bennigan's shutting down nationwide
Bennigan's staff react to chain's closure
Starbucks to close stores in Australia, cuts COO position
Wild Edibles files for bankruptcy protection
'I'll fight to the death,' says USA Springs chief
Starbucks Cuts 1000 Jobs; Makes Executive Changes
Las Vegas's Gambling Slump Shows Why Starbucks Bubble Lost Air
Obama speaks with Bernanke, Paulson
Obama's Economic Deep Dive
Mervyns stores near bankruptcy filing
Mervyns says files for Chapter 11 bankruptcy
Shopping the Mervyn's Bargain Bin
Bernard Sands tells vendors to not ship to Mervyns
Retailers likely to increases prices
Boscov's says finances won't force store closings
Judge warns PL lenders
Appeals court denies stay on Palco plan
PALCO transition to Humboldt Redwood Co. underway
Red Shield gets loan offer to restart mill
Citigroup Markdowns May Rise $8 Billion
Citigroup: Poster Child For Poor Regulatory Oversight
Barclays, RBS, UBS Fall After Merrill Unloads Assets (Update2)
Bank Brings Claim Against Barclays
Can the Feds Really Save Troubled Banks?
WaMu's Bloated Asset Values Don't Fool Investors
CBS Slams Payday Loan 'Traps'
Pa. requires licensing for Internet payday lenders
Bidder for WNI plants OK'd
Florida Bank Finds Itself the Owner of Not-So-Fun Theme Park
Officers and Directors Take Note: Don't Check Your Fiduciary Duties at the Door
House Prices Fell at Faster Pace in May
Home Prices in 20 Major Cities: You're OK If...
Mortgage application volume hits 2008 low
Mortgage Applications Index Dropped 14.1% Last Week
Bush Signs Housing Bill
The hidden tax traps in the housing-rescue bill
Frank calls for restructuring of the mortgage servicing industry if servicers fail to cooperate
Is 22 cents on the dollar now the going rate for subprime assets?
Layered Risk Driving U.S. Jumbo Prime RMBS Performance Declines
Is this a new way to finance mortgages?
An Investment Firm That Prospered From Past Crises Turns to Mortgages
Home prices tumble in Seattle
Another Tampa luxury builder bankrupt
Miami hit hardest by housing slide
Creditors seek assets of SunCrest
People's Choice wins confirmation
Demand Surges on Foreclosure Web Sites
WCI all but sure to become bankrupt
Vacant-Property Fees Add to Woes
For the FDIC, a Servicing Transfer of Historic Proportions
Law-Firm Backed Default Outsourcers to Merge
Home Prices Fall in May; Consumer Confidence Is Flat
Economic confidence among small business owners rebounded in July
Consumer confidence rebounds
The consumer is often wrong
Suddenly, hedge funds are shorting oil
Number Of Homeless Declines 12%
Energy Prices Are Bright Sliver in Grim Economy
Oil Price at $90 Is Enough to Save Global Economy
How Can The New York Times Be Worth So Little?
Lawyer Drops Suit Against Paper for Cutting Staff, Devaluing Subscription
AirTran to cut capacity
Lufthansa Operating Profit Jumps; Sticks to Outlook
Airlines lose only $157 million in second quarter
Delta Raises Fee For Second Bag: $50
Frontier seeks approval to sell 6 planes for $165 million
Frontier posts $8.8 million loss in June
Jaws dropped when Frontier got its loan
Chapter 11 filing rendered worthless largest part of Frontier CEO's compensation
JetBlue CEO cuts own salary; will industry follow?
No furloughs for 900 American flight attendants
Old Skybus Planes Not Yet Enjoying "Retirement"
Alitalia convenes board ahead of rescue plan
Lufthansa Expands Cost Cuts as Fuel Expenses Rise
Ciprico files for bankruptcy
Bank of America to finance SemGroup bankruptcy
Stubborn, Odd Bets Destroyed SemGroup
Lawsuits against SemGroup mounting
High interest in bankrupt SemGroup LP's assets
Inside The Semgroup Bust
SemGroup's Collapse Pinches Small Firms
Enterra Energy says it is owed $10M by insolvent energy marketer
Oil buyer's bankruptcy a big hit to West Texas
New Century runs out of gas
Willie Aames Not in Charge of His Finances
Del Biaggio may leave legacy behind
Labor Department cautions on use of 401(k) debit cards
Wells Fargo goes on the offensive with 'at risk' credit card holders
Advanta's Earnings Drop 83% on Loss Provisions
Creditors file to force LC&N into bankruptcy
Enjoyable but not Educational? Debtor Financial Management
Melanie Gray Named Among Houston's 50 Most Influential Women
Pigeon King bankruptcy meeting
New Bankruptcy Opinions
Chapter 7, 12 & 13 Private Trustee Locator
Recent Ch. 11 Filings
US billion-dollar bankruptcies highest since 2003
GMAC Suspends Leasing To Those With Poorest Credit
GMAC mulling pullback from leasing
Lease woes sting automakers
Car Leases' Era May Be Over
Fitch cuts rating on credit for Chrysler
Businesses cheating Uncle Sam out of $40 billion in payroll taxes
Fitch cuts ratings on SCA, XL Capital Assurance
Pittsburgh mayor, county exec tell Pa. regulators to act fast on troubled casino
Investment group accuses Tropicana conservator of politicizing sale
Former Enron exec paying $31.5M in SEC settlement
Marshals, Coping With Business Crime Wave, Sell Fund Portfolios
Heckel's Marina files for bankruptcy protection
Moody's Second - Quarter Profit Falls
Distressed Investing :
Lone Star Is Flush, Ready to Shop
Can America Go Bankrupt?
No cash on hand, Mass. lender tells students to find loans elsewhere
Students Make Costly Mistakes With Financial Aid
Hawaii visitor arrivals drop 14.2% in 'scary' situation for tourism
Laurus prevails in Thinkpath auction
Jeffco hearing set on sewer bond crisis
Jefferson County Debt Questions Still Unanswered
Using Cash Credit Cards To Hide Cash From Creditors
Accounting fraud on the rise
Lawmakers Now Pressing for Banks to Hide Losses Longer
Modern Continental wins DIP access
Bank distress worries return to haunt UK
Crosby lukewarm over quick fix
Woolworths Plunges as Sales Decline on Worsening UK
UK Regulator Questions UBS and JP Morgan Cazenove Employees
The Insolvency Service Annual Report 2007-08 has now been published
UK Business Failures Up 17.5%
U.K. Outlook Gets Darker
Jobs and cash flow on the line as small businesses face up to the credit crunch
NRock makes 1,300 jobless in restructure
Finance firm's staff 'told to lie'
Bridgecorp pair grounded
Siemens to sue 11 ex-board members
Gloom sets in for French consumers and industry
Japan's jobless rate close to a two-year high
Euro zone business morale sinks in July, outlook dark
Europe's Housing Markets Come To Rue High Indebtedness As Boom Turns To Bust
Province out $8 million after company declares bankruptcy
'Not one of them is secure'
Glint of good news in CIBC capital woes
Massive Bell Canada layoffs could be "tip of the iceberg"