June 25, 2008
Daily Bankruptcy News
GCs Cutting Back on Outside Firms
Award to Ex-Sonnenschein Partner Reduced
Fired Thelen Reid Partner's Arbitration Award Upheld
The Unknown Milberg - Naming the unidentified "conspiring former partners."
Has a New Am Law 100 Firm Been Born With Husch Blackwell Merger?
K&L Gates/Kennedy Covington Merger Gets Partners' Okay
Summer Associates of the Day
Report Says DOJ Rejected Top Job Candidates for Political Reasons
Should Headhunters Be Paying You?
Pace of New Law Firm Offices Is Brisk
The Ron Kirk Rumba
Nutraloaf: Cruel? Or Merely Unusual?
Adventures in Lawyer Advertising: A Firm Goes for an Image Makeover
Life After BigLaw: 'No Job, No Baby and 10 Pounds of Leftover Fat'
U.S. Attorney's Office fights for strip club
Lawyer of the Day: David Evan Jones
Federal Judge Responds to Limerick Brawl With a Bit of Poetic Justice
Judge Who Had Sensitivity Training Is Accused Again of Rudeness
Kozinski's authority as chief judge limited until Web site issue is resolved
A warning on oil speculation from NWA's Steenland
Delta, Northwest Pilots Reach Tentative Pact Before Merger
Delta, Northwest CEOs say oil cost justifies merger
Could AirTran go under?
Don't hate the airlines - pity them
Jet Airways Posts Second Straight Loss on Fuel Price
Midwest, Union Talk Huge Cuts in Salary, 200 Jobs
US Airlines: A Put on Oil?
Downturn may compel airlines to return aircraft
Turbulence ahead for regional airports
Airlines crying mayday
Aerospace soars out of Ch. 11
Airlines' Fallout Effect - As airlines cut flights, other industries feels the pain.
Oil futures gain as production concerns continue
Tekoil hopes to maintain Canadian operations
Oil prices won't come down: OPEC president
San Diego Running Low on Assets
Think outside the box
Mississippi Breaches Levee, Cities Battle Floodwaters
BofA provides financing for Whitehall Jewelers
Whitehall Jewelers sets sale
Whitehall an example of a roll-up gone bad
Who Is On the Market Police's Radar?
Plan to bar funds from commodities garners few fans
Baltimore Mayor Admits Relationship with Developer
Backers Expect Attorney-Client Privilege Bill to Pass
Boston Herald to lay off printing plant workers
Avoiding Bankruptcy in Old Age
Asarco settles Okla. claims; earns $40M in May
Suspect in bankruptcy frauds arraigned
Disbarred Attorney Arraigned in Federal Court
Is it ever right for investors to make money from the debt of poor nations?
DC Charity Files for Bankruptcy to Forestall Foreclosure
Judge rules against city in Queen Mary settlement
In Hard Times, Some Firms 'Go for the Jugular'
Death knell sounded for private equity boom
Holders of Distressed Debt, Beware
Are Break-up Fees Lost Profits?
Home prices post record 15.3% drop
Four years of gains in home prices wiped out
The slump in US house prices has officially gone nationwide
Housing aid bill clears key Senate hurdle
Senate housing rescue bill clears key test vote
Approval Is Near for Bill to Help U.S. Homeowners
Private Mortgage Insurers Feel the Mortgage Hit
Legal tactic delays NJ home foreclosures
Fannie, Freddie Fail to Relieve Housing by Shunning Jumbo Loans
Real Estate Developer Hit With Indictment
Bay Area home prices continue steep fall
LA home price declines accelerating
Tampa area home prices plummet
Rising Gas Prices Crushing Housing Recovery in Inland Empire
Metro Detroit home prices continue downward spiral
Two-Thirds of the Way There on Home Prices?
Home-Builder Sector Loses More Ground On Latest Data
Countrywide vote on B of A merger to end mortgage era
Illinois to Sue Countrywide
23 Senators refuse to disclose home mortgage details
Largest Mortgages Ltd. creditor may be owed $197.2M
Bankruptcy judge delays trustee decision on Mortgages Ltd.
Lender's downfall puts downtown plans in limbo
Caruso Homes files for bankruptcy protection
Goody's Family Clothing, Inc. Appoints DJM Realty to Dispose of 69 Retail Store Leases
Draper objects to plan by Zions to buy SunCrest
New Jersey Property Tycoon Hits Bankruptcy, and Creditors Face Underwater Auction Bids
Levitt & Sons can sell land
Long Battle Ahead for Opponents of Down-Payment Assistance Programs
Inflation May Unleash 'Financial Tsunami'
Whatever Happened To Inflation Targets?
Spectre of inflation over global economy
Orders for Durable Goods Unchanged in May
Consumer confidence tumbles to 16-year low, more than forecast
Americans' loss of confidence: Worse even than it looks
Economists should listen to consumers
Exchange Says Efforts to Curb Speculation 'Foolish'
University forecasters say US is in recession
House prices rise, and gasoline usage grows. What's going on?
GM may burn billions in cash by end of 2010
Chrysler Taps a $2 Billion Credit Line
Chrysler borrows $2B, despite having money
A GM-Ford Combo?
Ford's Volvo Car unit says to cut 2,000 jobs
Detroit's Big Three need cash -- fast
Progressive Moulded goes down
New York Racing's Exit From Bankruptcy Delayed Until July
Wyoming Ethanol to file plan
Just Who Are The Super Rich?
Millionaires club gets bigger, members richer
Millionaire Club Grows at Slowest Pace in Four Years
Rich scale back exposure to property
Workers asked to shoulder even more benefit burdens, survey finds
The Ratings Racket
SEC Wants Investors to Reduce Reliance on Ratings
Truck firm files for bankruptcy
Wickes stores last in US to close
A (Fire) Sale for Circuit City?
Nursing home deal planned
High Medicare Costs, Courtesy of Congress
Junk-Bond Defaults Continue Apace - Moody's
Health and Beauty:
Nellson creditors take haircuts
Six Flags may have to raise white flag
Despite disarray at financial firms, CEOs got pay hikes last year
New Bankruptcy Opinions
Chapter 7, 12 & 13 Private Trustee Locator
Recent Ch. 11 Filings
BofA CEO Lewis the Next to Fall?
Citi Chairman Meets With Kuwait Sheikh
Kuwait sovereign wealth fund pumps billions into American financial institutions
Small Banks Face a Huge Test
Barclays Seeks $8.9 Billion Through Share Issue
Banks more leveraged now than before credit crisis, says J.P. Morgan
The Lawyer Awards: Freshfields scoops Firm of Year
Bankruptcy case tests the patience of veteran judge
Victims of scam have their say
Investor, a Socialite, Is Charged With Fraud
Financier Linked to Burkle Is Charged
Citigroup Considers Repealing a Pledge, and the Slogan With It
The U.S. House Ways and Means Committee last week voted favorably for a bill that includes a provision requiring credit card companies to report credit and debit card transactions to the IRS
MasterCard Pays $1.8 Billion to American Express
Futures Rise, With Fed in Focus
Asian Stocks Drop for a Fifth Day
Stocks End Lower Tuesday On Eve Of Fed's Interest Rate Decision
Stocks hit lowest level in three months
Profits seen off more than 10 percent
Greenspan Says Market 'Crisis' May Extend Into 2009
Wall Street Should Avoid Fed `Dependence,' Ryan Says
Financial Firms May Make Deeper Cuts, Eliminate 175,000 Jobs
Who really knows how many bankers are unemployed?
The professional death of a brilliant Bear Stearns salesman
A 'Bonfire' Returns as Heartburn
Lehman: Folding His Bonus
Obama Hopes to Ease Clinton's Debt
Herbst taps new directors
Casinos: Buyouts, bid wars and bankruptcy
CF Hospitality sheds receiver
'Below' standard audit costs KPMG
Homeowners clamor for help with debt
Katona given until August to avoid bankruptcy
Sharp leap in insolvent families
350,000 UK jobs set for the axe
Builders pin hopes on non-residential market
Squeeze, crunch, crisis - next stop crash
Economic Slowdown Will Test Credit Standings Of England's Leading Football Clubs
Bankruptcy application stayed, plans revived to build NL oil refinery
German, Italian Consumer Confidence Fade
Inflation Tops Unemployment as Main Concern in EU
'Risk of triggering inflationary wage-price spiral is particularly acute'
Investors Call ECB's Bluff, Bet on Rate Increases
Chile's Peso Falls to Six-Month Low Amid Economic Slump Concern
Mexico Prices Climb at Almost Twice the Forecast Pace
Australia now has 172,000 millionaires
Bankruptcy trustee banned
Bankruptcy of developer depresses Japanese property stocks
Aiful Falls to Lowest in Decade on Insolvency Concern
Bosnian Federation on verge of bankruptcy
Chernyshev engine plant in shareholder row as bankruptcy looms