March 19, 2008

Daily Bankruptcy News

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Law:

Bear and Block: Do Client Relationships Persist Post-Merger?
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Sonnenschein Case Has Its Day in Court
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Ex-Staff Attorney Takes Aim at BigLaw Minority Hiring
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Covington and Its 'Staff Attorney Ghetto'?
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Women Lawyers' Salaries Slipping, Article Says
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How Firm Cut Attrition in Half
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Drinker Biddle Is Put Back on Defense in Malpractice Claim
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Weil Gotshal Counsels WL Ross & Co. LLC in $1.1 Billion Acquisition of H&R Block's Mortgage Servicing Business
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Restructuring checklist
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Bingham's Latest Losses Join Arnold & Porter
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Several Atlanta Law Offices Damaged in Tornado
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Man Charged WIth Threatening Federal Judge by Fax
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Boot These Five Dumb Office Practices
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Lesson Plans to Help GCs Avoid 'Club Fed'
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E-Mail: When to Keep? When to Throw?
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Non-Equity Partner Tiers
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Royal Caribbean Sues for Attorney Fees
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Not-So-Sweet Charlotte: Firms See Hopes Fade in Dixie Banking Hub
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Judge Says Beatle's Ex's Claim Were "Exorbitant," She Was Unimpressive
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Bad Hair Day Creates Sleek New Style for McCartney's Divorce Lawyer
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2nd Circuit: Probation for Lawyer in $100M Fraud Too Lenient
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At a minimum, don't omit "at a minimum"
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What Arlen Spector Is Doing For Corporate America
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Economy:

Can't Grasp Credit Crisis? Join the Club
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Fed cuts key interest rates by 3/4 point
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Why Fed rate cuts won't help you
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Fed Cuts Main Rate to 2.25%, Says Outlook `Weakened'
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Federal Reserve still has room to cut
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U.S. Mulls Next Steps in Crisis
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IMF chief says global financial crisis more serious than thought
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Fed cuts, but Europe holds tight
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Inflation Up at the Producer Level
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No one knows where this ends
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Autos:

Bleak Forecasts for Ford and GM
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Chrysler, Plastech reach another deal to keep parts flowing
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Banking:

Wachovia, BofA lower rates
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French Bank in Scandal Overhauls Top Ranks
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BNP Paribas rules out SocGen bid
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WaMu: Skip customers; save execs
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Paper:

Xerium shares plunge on possible bankruptcy
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Awards:

American College of Bankruptcy Inducts Stephen Gray as Fellow
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Furniture:

LB Furniture files for bankruptcy
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Bankruptcy For Bellach's
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Domain wins bid procedures OK
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Health Care:

Board can't vote for bankruptcy yet
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State may eliminate financial aid for Kessler
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Poulsen's attorney blames misunderstanding for witness-tampering charges
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Lawyers spar over questioning of pharmacist at hearing on Medicaid fraud case against store
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Subprime Loss Strikes Health Insurer
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Why Hospitals Want Your Credit Report
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NJ insurer's demise leaves many doctors in bad shape
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Once-ailing Auburn hospital ended 2007 with $1M profit
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ALT creditors given options
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Art:

Salander Settles Dispute With Landlord Over Rent
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Municipalities:

What can be learned from Vallejo'$ woe$
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Municipalities, not-for-profits keen to bid on their own auction-rate debt
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Jefferson County wants to restructure $3 billion
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Alternative Fuels:

BioEnergy of America's Rise and Fall
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Enron:

Enron revisited
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3 Enron figures lose broadband appeal
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Financial Literacy:

Students learn how to make financial decisions
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Insider Compensation:

Directors' cut a lot lower than executives' pay, survey reveals
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'Paltry' Exit Packages for Bear Executives
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Predatory Lending:

Ark. Official Goes After Payday Lenders
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Security:

USProtect sued for involuntary bankruptcy, loses federal contracts
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Finance:

Firms Wrestle With Loans' Stigma
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Pensions:

Failing to Heed the Lessons of Enron
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Real Estate:

Housing Starts, Building Permits Drop (Update1)
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Can a 17-year low be good news?
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Overoptimism and Subprime Mortgages
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Fannie Mae, Freddie Mac May Be Freed From Capital Requirements
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New GMAC CEO sees "uncertainty" in profit plan
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US Sen. Schumer calls for GSE capital relief
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Agency Mortgage-Bond Spreads Fall on Capital Constraints Report
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Mortgages May Find Help From Uncle Sam
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White House Signals Openness on Mortgage Relief
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Democrats Draft Plans for Distressed Homeowners
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Treasure Coast builder Sunland Homes files for bankruptcy
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Fed's actions offer little immediate relief for home builders
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CA Attorney General Shuts Down 6 Lending Companies
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FBI mortgage probe extended -17 large firms investigated
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Sub-prime mortgage watchdogs kept on leash
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American Home Creditors Achieve Harmony
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Thornburg shares spike on credit pact
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BofA, AHM creditors agree on pact
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Too big to bail
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SC Supreme Court | Justices to hear HomeGold case today
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Mortgage Brokers Take Jobs Advising Anxious Borrowers How to Keep Their Homes
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Condo Prices Head Lower Across U.S.
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An Example of Bear Sterns's Conduct?
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Wall Street:

Lower open seen
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Futures Fall as Jitters Resurface
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European stocks falter on bank stress
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Tues: Stocks blast on Fed cut
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The Fed Is Too Easy on Wall Street
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Earnings at Goldman and Lehman send US stocks soaring
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Skepticism abounds on Lehman's future
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Morgan Stanley Tops Lowered Expectations
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Bear Surges as Traders Bet on Higher JPMorgan Bid
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The Bear Precedent
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Why the Fed had to bail out Bear Stearns.
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JPMorgan's $12 Billion Bailout
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They gambled. They lost. We pay the price
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How America's Investment Banks Lost their Reputations
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'New world order,' buyers seen for banks
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The Mystery of the Bear Stearns Stock Price
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Bear Stearns amends by-laws for expenses
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About Bear Stearns' Stock Price ...
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It's Bondholders vs. Shareholders in a Race to Buy Bear Stearns Stock
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Bear's Run-Up Sets Stage for Clash
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Open Questions About the JP Morgan-Bear Stearns Deal
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A quick death for Bear Stearns
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Ode to Bear, Stearns
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Questionable Trading Practices May Have Led to Bear Stearns' Collapse
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If Bear staff is cut, tough employment market awaits them
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SEC Unlikely To Press Charges Over Bear Stearns Statements
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SEC Eyes Bear Stearns' Comments
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Where was the SEC during the Bear crisis? Critics wonder
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Fed Moves Won't Fix Market's Lack of Confidence
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Bear Stearns's fall prompts a search for faith in banking and markets
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Frank Quattrone: Comeback Kid
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Wall Street turmoil rattles NYC economy
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Swinging Between Optimism and Dread on Wall Street
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Aviation:

Delta to eliminate 2000 jobs, cut domestic routes
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Delta employee cuts are tip of iceberg
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Northwest may trim flights to save on fuel
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Delta Air Will Offer Buyouts to 30,000, Cut Flights
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Delta flight attendants jittery about downsizing plan
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NWA pilot leaders back seniority arbitration
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Northwest pilots say merger proposal by Delta is 'too risky'
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US Airways Pilots Fight Over Union
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United cutting back to offset fuel costs
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It's Time for United's CEO to Go
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Alitalia Slides as Air France Meets Unions on Bid (Update4)
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Air France-KLM chief warns Alitalia deal at risk
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Italy opposition bloc, unions against Alitalia deal
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About 5000 job cuts eyed at Alitalia uniT
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Air France-KLM offer for Alitalia is 'diktat', intentions queried
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Air France-KLM's bid for Alitalia runs straight into problems
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Indonesia grounds low-cost carrier Adam Air, citing safety concerns
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EasyJet May Miss Earnings Target as Fuel Costs Rise
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Radio:

Interep To File For Bankruptcy?
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Computers:

Apple sends independent Apple reseller into bankruptcy
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Gambling:

A foreclosure sign on the Vegas strip?
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Student Debt:

46% of N.H. College Students Delinquent on Card Accounts
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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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Mass Torts:

WR Grace Lenders Refuse to Renew Loans
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Fraud:

Kerviel gets out of jail but told to stay put
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CVS settles Medicaid overbilling charges
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Predictions:

LBOs at Greater Risk of Default
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Forgotten tome tells woeful tale
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Furniture:

Wickes creditors question Sun Capital claims
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Credit Cards:

Visa Inc Raises $17.9 Billion in Record IPO
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Big Payday for Wall St. In Visa's Public Offering
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Analyst Expects Higher Q1 Card Charge-Offs, Delinquencies
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Forest Products:

Ainsworth Lumber's senior secured debt lowered; co kept on negative watch
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Retailing:

Boutiques brace for economic downturn
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Judge clears Sharper Image liquidation
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Lillian Vernon auction set
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Corporate Governance:

Delaware Fiduciary Duties and the Bear Stearns Imbroglio
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Sovereign Debt:

Exxon $12 Billion Venezuela Asset Freeze Overturned
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Plastics:

Plans Finalized to Sell Victor Plastics
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Hedge Funds:

Why today's hedge fund industry may not survive
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Colorado puts stop to Black Diamond Fund
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Absolute fund falters
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Ritchie Dismisses Coventry Suit, Plan To Re-File Claims Soon
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Bankruptcy Statistics:

Are Bankruptcy Filings Highest at the Beginning of the Month?
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Accounting:

Financial statements still a tough read, say audit committee members
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SOX has improved audit quality
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Corporate liquidity falls by $250 billion
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Former KPMG Partner Indicted
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Politics:

Michelle Obama's Pain
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Metals:

Opposition to reopening Asarco smelter
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Bonds:

Investors lining up to sue over auction-rate securities
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This Could Be the End of Bond Insurance
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Alternative Fuels:

Booming oil, grains to kill biofuels
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Manufacturing:

Powermate files bankruptcy and plans to close plant in Kearney
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Powermate looks for fast sale
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Asset Protection:

International Tax Scandal Raises Questions About Informants
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UK:

Fears for bankruptcy threat
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CAB reports 35% rise in queries from struggling homeowners
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Rise in bankruptcy is predicted as cost of living increases
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BOE Panel Defeated Gieve, Blanchflower Rate-Cut Votes (Update1)
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Charities warn of rising debt woes
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Banks face massive job cuts
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British court ruling threatens Orange County's $80 million investment
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Millions seek help with debts, says charity
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The cracks are opening in UK's debt mountain
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Spain:

Spanish constructor Seop files for bankruptcy
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Germany:

Germany Calls For Global Cooperation On Financial Crisis
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Canada:

A courtroom love-in as ABCP wins protection
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Retail investors' vote key to ABCP restructuring
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Canadian Lawmakers Likely to Review Commercial Paper Collapse
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Quebecor World faces another loss
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Quebecor World could be dealt another blow
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Japan:

Bank of Japan Left Leaderless
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Goldman Wins Approval for Golf Course Turnaround Plan
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