March 11, 2008

Daily Bankruptcy News

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Law:

Wolf Block Adds Bankruptcy Group Leader
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Firm Forges 225-Lawyer Financial Industry Group
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Drinker Biddle & Reath Forms Hedge Funds Task Force
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Jim Rishwain's Good Answer
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Pa. Law Firms Not Seeing Layoffs
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Five Elements of Effective Collaboration Between Paralegals and Attorneys
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Top law schools make curriculum more practical
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Mortgage mess becomes prime territory for law firms
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Chief federal judge investigated for alleged involvement with prostitutes
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New Law Firm Perk: Lactation Room
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Bryan Cave opens San Francisco office
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Missouri law-firm merger will lead to new Denver office
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DLA Piper Opens in Houston
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The economic downturn and corporate boutiques
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Negligence Case Against Rawle & Henderson Can Continue
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House Judiciary Committee Sues Miers, Bolten
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No Associates at This Law Firm, Just Consultants
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New Rules to Combat Judicial Misconduct
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Two Lawyers, Two Troubling Mysteries
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Threats Against Judges, Lawyers on the Rise;
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Founder of Big Immigration Firm Gets 2 Years, Fined $750K in Visa Case
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Once-Prominent Lawyer Sues Casinos for Gambling Addiction
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What's A Law Like You Doing in a State Like This?
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From the Department of Dubious Defenses
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Are You Kidding?
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Economy:

Economy weak but not enough for recession
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How This Economy Is Going To Play Out
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US wholesale stocks fall behind sales
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SEC's Atkins says post-crisis rules need time
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Crude Oil Rises Above $108 to Record as Returns Outpace Stocks
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Crude Oil Futures Rise to a Record for a Fifth Day in New York
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High Oil: A Year Of Bankruptcies For Auto And Airline Firms?
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Survey finds employers less likely to hire in second quarter
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Consumer Spending Grew 3.3% in January
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Economic follies
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M&A:

Blackstone Profit Falls 89% on Credit Market Meltdown
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Blackstone: Biding Its Time
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'Opaque accounting,' credit crisis send Blackstone's Q4 profit plunging
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Buyout Industry Staggers Under Weight of Debt
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New private equity trend: Bankruptcy?
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Corporate Reform:

Spitzer Is Linked to Prostitution Ring
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Excerpt From FBI Affidavit
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Prostitution Report Weakens Spitzer
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What Goes Around Comes Around for Spitzer
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An Alleged Evening with Client Nine, A Look at the Mann Act
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White Knight to Client 9: A Stark Fall
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Revelations Began in Routine Tax Inquiry
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DOJ Issues Guidelines on Corporate Monitors
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Autos:

G.M. Won't Intervene in Strike at American Axle
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Strike Could Be A Long One
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Ford offers dealers buyouts
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Delphi Relaunches Exit Financing With GM Backing
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Delphi: Layoffs, bankruptcy issue are double trouble for firm
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Delphi, Dura gain in battle to emerge from bankruptcy
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Tenneco to buy assets of Delphi plant in Kettering
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Court lets Dana exec regain lawyer license
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Nutrition:

Leiner Health Products Files Voluntary Chapter 11 Petition
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Leiner Health ratings cut to 'D' following bankruptcy filing - S&P
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Radio:

Denver Radio tunes in DIP
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Municipalities:

Live from the OC on the JC
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Jefferson County representatives meet with Wall Street firm to discuss bond-debt crisis
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City Councilman William Bell wants bankers held responsible for Jefferson County get out of bond mess
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US States Revolt Against Muni Credit-Rating System
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Real Estate:

Countrywide shares fall after FBI probe reports
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Countrywide probe may offer BofA a way out
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Loan Data Focus of Countrywide Probe
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Countrywide's New Bad News
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Carlyle Fund Seeks Halt to Liquidation
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Carlyle Capital Could Lose Billions
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Carlyle lenders sell $5bn of collateral
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Carlyle Group Holding 'Crisis Talks' in NY
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Carlyle Capital woes put focus on fund's survival prospects
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Bush family touched by subprime crisis
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Carlyle trading re-opened, shares plummet
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Fannie, Freddie stocks dive
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Suit says Levitt misled investors about financial condition
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Real estate agents offer limo tours of bank-owned homes
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Maryland Lawmakers Take Up Foreclosure Proposals
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Subprime alternative: FHA reform deal close
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NAACP Mortgage Class Action Fast Tracked
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Losses Deepen at Hovnanian Enterprises
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Toll Warns of Risk Tied to Ventures
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Contractor wants SPI stay lifted
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Wall Street:

Bear Stearns Shares Fall on Liquidity Speculation
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Panic in credit markets on Bear Stearns insolvency fears
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Bear Stearns rumor adds to woes
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Lehman Brothers to cut 1,400 jobs
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Morgan Stanley Chief Grappling With New Risk
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Two million jobs can be eliminated in the financial services industry in the next six months - Lehman takes the lead . . .
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Markets stagger again as bad news pours in
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Wall Street futures rise
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Aviation:

Firm in NWA Reorg Appeals Bonus Denial
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Northwest CEO calls $105 oil a 'serious budget-breaker'
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Delta, others boost fuel surcharges
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Northwest Air Settles With Machinists Over Bankruptcy Claim
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Air France-KLM puts conditions on Alitalia bid
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Buyers possible for Adam Aircraft assets
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Bankruptcy Statistics:

Arizona bankruptcies up 60 percent this year
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Many more going bankrupt
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Bonds:

Munis to refinance $23 billion of auction-rate debt in next 30 days
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MBIA turning the tables
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Forest Products:

Supervisors consider letter to bankruptcy court
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Abitibi-Consolidated solvency concerns jump
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Health Care:

WellPoint Cuts Its Outlook, Sending Shivers Through Shares of Health Insurers
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AARP survey shows overwhelming support for Health Care Reform
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Closing Remarks in National Century Case
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Government: Execs turned National Century in 'pack of lies'
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NJHA: No Hospital Safe from State's $143 Million Cut
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Utilities:

Failed oil company owed customers millions
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Celebs:

Two Michael Jackson Fans Bid For Neverland
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Relocation:

Relocation firm Sirva wants secrets kept during bankruptcy case
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Layoffs:

Layoff loopiness
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History:

The Biggest Business Blunders Ever
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Injunctive Relief:

Ninth Circuit Pumps New Life Into Section 105 Injunctions
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Mass Torts:

Amid $4.5B Vioxx deal, more Merck suits
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Intellectual Property:

Selling a Domain Name Online
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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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Bankruptcy Reform:

Senate Judiciary Panel Begins Mortgage/Bankruptcy Bill Markup
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Professor supports subprime crisis reform
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Retailing:

Retail retrenchment hurts malls
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Mall files for bankruptcy
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Retailers fight to survive, slash prices to avoid going out of business
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World's Designated Shoppers Drop
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Sharper Image wins OK on final DIP
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Labor:

In bankruptcy, seeing how the other half lives
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Avoidance Actions:

Arrow Electronics Receives Adverse Opinion in Bankruptcy Proceeding
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HVAC:

Fedders Tries to Block Lawsuit
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Bankruptcy Research:

Human Capital, Bankruptcy and Capital Structure
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Creditor Rights and Corporate Risk-Taking
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Food/Drink:

Twinkie maker talks with new investor
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Interstate hopes to stay free
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Seminars:

Professor Erwin Chemerinsky Speaks Tonight at the Los Angeles Bankruptcy Forum Dinner
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Foreclosure Conference at Valparaiso
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Banking:

Latest drain on banks? Corporate drawdowns
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Societe Generale Capital Increase
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Semantics:

Credit crisis lurches from bad numbers to bad writing
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Insider Compensation:

Congress Gets It Wrong Attacking Wall Street CEOs
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When CEOs reap awards for failure
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Religion:

Clergy sex abuse payouts nearly double
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Hedge Funds:

Citigroup Acts to Bolster Hedge Funds
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Fraud:

Rogue trader who cost Bermuda company $141m had a history of bankruptcy and all-night gambling
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Money Transfer:

MoneyGram revises bailout
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Education:

Silver State Helicopters Owner No Show at Bankruptcy Hearing
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Alternative Fuels:

Ethanol industry losing its momentum
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Engineering:

Thinkpath pins hopes on cash use
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S&P Puts Nationwide Ratings on Watch
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UK:

U.K. Gilt Spread at Widest in 4 1/2 Years on Economy, Inflation
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Carter & Carter to Name Administrators as Talks Fail
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Five FSA officials quit over NRock
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Japan:

Yen Advances Against Major Currencies on Credit Market Losses
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China:

China's Inflation Surges to 8.7% as Food Prices Soar
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Germany:

Bundesbank's Weber Says Inflation May Not Recede Much
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Norway:

Norske Skog issues new profit warning
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Russia:

Polymer OJSC on the Edge of Bankruptcy
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Canada:

Quebec judge gives Remstar Corp. the OK to go for TV network TQS
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