March 12, 2008

Daily Bankruptcy News

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Law:

Thorp Reed Names New Bankruptcy Partner
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Howrey Tells Clients It's Getting Off the Troll Road
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Allen, Goetz quit White & Case
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White & Case faces walkout as top partners move to quit
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More On O'Melveny's Early Retirement Offers
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Rulings on Judge Complaints to Be Public
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Law Firm Forms Distressed Assets Group
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Adventures in Law Firm Marketing: Lawyers in Lederhosen?
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Boston Bar Prez Decries Law's Focus on Money
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Judge Porteous case referred to disciplinary committee
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Lawyers, Firms Juggle Part-Time Challenges
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Bullied lawyer set to collect record $25Mn compensation
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Stripper: Groundbreaking Judge Banked My Money
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Ex-Judge of the Day: John Brennan
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Ashcroft defends fees
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Deals for corporate monitors reined in by Justice Department
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Milberg Weiss tops U.S. class action ranks
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Is Your Data Wide Open to Your Opponent?
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Judge to Decide if Miami Attorney Helped Hide Illegal Bank Activity
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Law Firms Set Up 'Pipeline' for Minority Talent
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Houston, We Have the World's Largest Firm
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Ex-Client's Death Delays Firm's Day in Court Over "Unconscionable" Fees
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Nifong to keep bankruptcy protection
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Appeals Court to Journo: Pay No Fines! For Now
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Sonnenschein Defends Ex-Partner's Pay in Trial Beginning This Week
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Day 1 of Rosenthal's Trial Wraps Up
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Rosenthal's Opening Statement
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Sonnenschein Answers Back
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Fla. Lawyer Willie Gary Wins Contempt Battle in Child Support Dispute
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California's Top Court is Most Influential, Kentucky's is Least
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Right to Confront . . .
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The Tough, Smart Bunny
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Visa to shell out $15m in fees on landmark IPO
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Wall Street:

Wall Street Cheers Big Ben
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The Fed buys the market
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Can the Fed finally reassure investors?
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The Fed Rally
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Wall Street Looks to Extend Gains
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Wall Street rally set to falter
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Fed action may have targeted Bear Stearns
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Bearish On Bear
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Bear Stearns hits lowest point in years
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Best one-day rise since 2002...
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European Stocks Climb on Fed Lending Plan
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Wall Street insiders bracing for tougher times
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Rating Agencies:

McGraw-Hill says housing crunch to hit revenue
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Moody's, S&P Cut Forecasts Citing Credit Slump, Slowing Economy
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Mass Torts:

WR Grace to Pay for Cleanup of Asbestos Contamination in Libby
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Grace to pay record fine
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Senator: Grace's $250 million asbestos deal 'drop in the bucket
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WR Grace Cleared on Pension Payments
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WSJ Praises Court to Condemn Court System
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Retailing:

The Fall of the American Consumer
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What to do with that Sharper Image gift card
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Low expectations for U.S. retail sales
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Software:

Spyrus Files for Chapter 11
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Health Care:

National Century defense calls case 'slipshod and sloppy'
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Government: executives lied, cheated, covered up
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Fate of five executives now rests with jurors
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WellPoint is dark cloud for insurers
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Humana shares plunge by 24% percent
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Thomas-Davis claims settled after 10 years
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Natchez Regional readies in case bankruptcy option needed
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Dobi Medical to exit next week
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Hospitals move out to the 'burbs,' but others facing bankruptcy
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Bayonne Medical Center takes on insurance carriers - Residents get letter in what hospital calls 'scare tactics'
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Enron:

Ex-British bankers each sentenced to 37 months in prison in Enron case
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Bonds:

Moody's, S&P defer cuts to AAA subprime bonds, hiding losses
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Spitzer Woes Not Likely to Hurt Bond Insurers
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House's Frank Says Municipal-Bond Rating Scale `Ridiculous'
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Horticulture:

It wasn't the drought that killed Pike
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Financial Literacy:

Financial Literacy Can Be Colorful and Fun
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Credit Scoring:

Credit scorers find creative new ways to judge you
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Real Estate:

Mortgage applications fell 1.9% last week
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Rep. Frank seeks $10 billion to buy foreclosed properties
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Banks See Home-Equity Losses Soar
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New Century Panel Weighs Plan
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Short Sellers Got No Reason To Live
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Carlyle Execs in Talks to Salvage Fund
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Fannie Mae, Freddie Mac Well-Capitalized - OFHEO
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Hovnanian, homebuilders rally on Fed moves to boost liquidity
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Foreclosures becoming 'nightmare' for cities...
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Thornburg write-down grows 58 percent, but shares soar
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BofA to move forward with Countrywide deal
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New Jersey lawmakers target mortgage woes
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Mortgage Bill Passes PA Senate
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Struggling States Offer More Foreclosure Help
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Trustee Drops Suit Over Harder Hall
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Borrowing requirements tightening and changing regularly in U.S.
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Bankruptcy lawyer spends $715K for Southport condo
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Philrich gets DB Key Largo property
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Economy:

Fed pumps more money into financial markets
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The Fed's Historic Innovation
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Central banks to inject $200 billion to ease market strains
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Another day, another $200 billion liquidity injection
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Another Bailout. For Everyone.
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Fed plan sparks big gain for bellwether gauge
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The Fed May Run Low on Unconventional Ammo
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Get ready for a bear of a downturn, say economists
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A Long, Ugly, Deep Recession
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US January Trade Deficit Rises 0.6%; Exports Gain
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Big freeze coming as large companies nix new hiring
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January Consumer Credit 7% Greater than Last Year
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Going, going, gone: a rising auction of scary scenarios
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Credit Suisse/ZEW March economic indicator drops to minus 71.7 pts
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Closed-end funds to redeem illiquid auction-rate securities
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Telecoms:

Sprint shares fall after bearish analyst report
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Printing:

Quebecor Seeks to Pay $4.6M in Bonuses
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Municipalities:

JeffCo Sewer Debt: All Options Still Possible
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High Finance Backfires on Alabama County
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How Organized Labor Bankrupted an Entire City
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Alternative Fuels:

Central Illinois Energy hires chief restructuring officer
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Aviation:

Airlines' High Fuel Bills Could Rekindle Merger Talks
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Could oil prices break or seal NWA-Delta merger deal?
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Skyrocketing fuel prices could hurt Delta's credit rating
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Golf:

Chapter 11 for Diablo Grande
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Politics:

McCain's Next Big Test: Econ. 101
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Spitzer Shares Arrogance of Other Powerful Men
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Eliot Spitzer's Dizzying Descent
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Spitzer Resists Calls to Resign
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Pressure Mounts for Spitzer's Resignation
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Spitzer scandal could make things easier for insurers
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The fall of ethics man
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Used Hookers For 6 Years
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Legal Consequences Uncertain for Spitzer in Wake of Call-Girl Revelations
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Beyond the Court of Public Opinion, Is Spitzer Legally Vulnerable?
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Meet Spitzer's Lead Lawyer, Michele Hirshman of Paul Weiss
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Could Spitzer Lose His Law License?
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Spitzer's Wife Gave Up Lawyer Job for Family
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The 02138 Curse?
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Spitzer: The Legal Fallout
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Spitzer Interdisciplinary Roundup
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In Defense Of Hookers - Trustee Ran Brothel
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Good Faith:

Two Circuits Examine Chapter 11ýs Good-Faith Filing Requirement
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Television:

Cable operator struggles to avoid bankruptcy
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Charter to issue new to debt to pay off old debt
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Cross-Border:

Ruling Re Non-U.S. Bankruptcy Creates Global Implications
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Banking:

Buffett, Goldman eyeing stake in WaMu
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Are America's Banks Being Nationalized by the Fed?
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Seminars:

"Credit Crisis: The Mounting Effects on Mutual Funds, Advisers and Financial Services Companies"
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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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The Year In Bankruptcy: 2007 - Part 1
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The Year In Bankruptcy: 2007 - Part 2
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Personal Finance:

Consumers pinching their pennies
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Fraud:

Infomercial stars charged with fraud
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Hedge Funds:

The Pro-Deal, Anti-Hedge-Fund Courts?
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Global hedge funds rebound in Feb after dismal Jan
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U.K. Hedge Fund Faces Criminal Action
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Photography:

Photographer chronicles Geneva Steel's demise
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Autos:

American Axle talks aimed at ending strike founder
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Wagoner: American Axle strike not affecting retail sales
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UAW President: American Axle 'Dictating,' Not Negotiating
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Union: Axle not budging in talks
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GM workers root for strikers
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Longer Axle strike would ripple though auto industry
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Toyota, Honda Fail to Meet Pay Demands as Japan Inflation Gains
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Delphi sweetens terms on bankruptcy exit loan
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Delphi offers shares in reorganized company
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Delphi, Dura gain in battle to emerge from bankruptcy
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Firm says Delphi may need to stay in bankruptcy
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IRS Seeks Delay of Holley Ch 11 Plan
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Fox Collision assets being sold
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Illinois Statute Gives Debtors Less Protection After Bankruptcy?
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Finance:

Where Either a Borrower Or a Lender Can Be
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Accounting:

Hot Times for Accounting Officials
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3 ways companies bury their debt
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Corporate Reform:

New Rules for White-Collar Crime Cases
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Appellate Court Keeps Judge in Grasso Compensation Dispute
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Debate Continues on Whether Wall Street Changes Have Aided Investors
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Predatory Lending:

CO: Bill Would Cap Payday Loan Interest Rates
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Exemptions:

College Savings May be Off Limits After Bankruptcy
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HVAC:

Fedders fights unsecureds' lawsuit
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Agriculture:

Facing possible bankruptcy, New Horizon looks to sell its holdings
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Credit Cards:

Consumer revolving credit grew again in January
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Firefighting:

American LaFrance alters bankruptcy plan
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Lender Liability:

"Adelphia": Action To Proceed Against Lenders, Banks For Aiding And Abetting Breach Of Fiduciary
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Skiing:

Billionaire Blixseth Misses $20 Million Payment to LeMond Group
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UCC:

Credit crunch 'could last years'
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Dragnet Clause Is Enforceable
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UK:

Record number go bust in Wales
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Deloitte called in at Carter & Carter
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Darling predicts UK economic slump in '08
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NRock action saved confidence in UK banks - Darling
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Card fraud jumps by 25%
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Half of Britain 'financially overweight'
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Spain:

Spain bank slashes property lending as crisis looms
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Asia:

Fears of an economic tsunami grow, especially in Asia
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EU:

ECB finds common cause with Fed
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Germany:

German investor confidence rises
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Japan:

Japan Feb corporate bankruptcies up 8.3 pct yr/yr
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