May 19, 2008

Daily Bankruptcy News

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Law:

Lawyers Rank 17th on Forbes List
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List of Best Jobs for Introverts Ranks "Lawyer" Sixth
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Associate Advice from the Corner Office: Part IV
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Layoff Watch: Hunton & Williams
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Wanna Be Lollipop Girl's Lawyer?
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Lawyer's 'Pimp Hand' Mojos Up A Staffer's Suit?
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Pillsbury and Sutherland Prefer Their Nicknames
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Dentons profits up by 12% in '08 results to reach £470k
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Dentons' increase outstripped by rivals'
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New Big Boss Named at NY's Biggest Firm
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Skadden Names Eric Friedman, 43, as New Executive Partner
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How Skadden Decided on its New Executive Partner
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Thacher Names New Distressed Assets Partner
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Fen-Phen Lawyer Trial: Gallion's Former Associate Testifies
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Managing Talent Globally
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Dickson Minto rules out Willkie Farr merger
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'Vaccine Bar' May Be a Shot in the Arm for Small Firm
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CA lawyers must now advise their clients in writing when they do not carry malpractice insurance
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FBI: Man Wrote Threats to Justice Thomas and Others Because Ex Left Him for Black Man
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Former Ohio AG Spends First Day Out of Work Helping Wife Sell Stuff Online
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Florida Bar Group to Honor Indicted Miami Lawyer
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SMU Law Grad to Vie for the Bachelorette's Heart
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Adventures in Lawyer Advertising: Tom Goldstein Wants To Be Your Lawyer
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This Law Student Does Not Want To Strip For You
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Judges:

Judge Accused of Flashing His Ex-Girlfriend Takes His Show on the Road
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Scalia's Best Friend Is...Ginsburg?
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Please, Somebody Sell Justice Scalia Some Stock
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Ruling Castigates 35-Year Mich. Judge; Defense Costs Top $100K
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Autos:

American Axle Proposal Cuts Pay, Offers Buyouts
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Axle workers face harsh cuts in tentative deal
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UAW members learn details of tentative agreement
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UAW urges adoption of Axle deal to angry workers
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Workers expect Axle pact to pass
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American Axle workers see faults in tentative deal
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GM could have avoided Axle strike mayhem
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GM Plants Set to Resume
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GM pledges $218 million to end Axle strike
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Delphi court action against fund
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Delphi asks court to force investors to pay $2.6 bln
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Frustration boils over as Plastech shuts
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Lear plant closure costs 300 jobs
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Tango girds for battle with Chrysler
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Fraud:

Consultant admits fraud, disputes amount of loss
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Anaheim Ducks Owner Accused Of Fraud
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Municipalities:

Unions sacrifice, council disappoints
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Predictable mess
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Together, we can change Vallejo's legacy
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The trouble with unions
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Vallejo was living beyond its means
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Celebs:

Barkley needs to stop rolling dice before he busts
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Pearlman Promotes Court Delay
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Retailing:

Difficult times altering how some people shop
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Lowe's falls on housing report
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Health Care:

Ultimately, who's going to get stuck with the bill?
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Practice's Bankruptcy Creates Record Controversy
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Gadsden considering downsized hospital model
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Asset Management:

Sentinel settlement reached
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Gambling:

Las Vegas economy looks like busted flush
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Tech:

Is X-Rite Inc. heading to bankruptcy court?
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Forest Products:

Decision on fate of Pacific Lumber expected within days
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Security:

USProtect funds diverted to owner
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Corporate Governance:

Smith v. Van Gorkom Revisited
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Enron:

Enron prosecutor: I was right ... or was I?
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Real Estate:

Mortgage Lenders seeks more time to negotiate plan
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Senator's Ties to Real Estate Draw Criticism
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Shelby: Housing Rescue Will Be Enacted
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Feds failing on housing bailout
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Teeing Up the Next Mortgage Bust
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Trump slams state, says they stole his success
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Trump Gets a Reported $100 Million for Mansion
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California Luxury Home Prices Fall for Second Straight Quarter
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ResCap says gets enough consents for bond exchange
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Foreclosure crisis also hits big developers
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Woman fights to keep her home initially seized for $68 debt
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How to Keep Your Home and Avoid Bankruptcy Pitfalls
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$1M mortgage mess: No English? No income? No problem!
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Foreclosure statistics tell different stories to different interpreters
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Federal task force investigates fraud in subprimes
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Lost Levitt home deposits can be reapplied, Broward judge says
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A Thicket of Easy Loans That Entangled One Mortgage Holder
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CalPERS misjudges the landscape
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As consumers worry, credit markets open for a home builder
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Maguire Properties Founder Is Ousted
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Placer Vineyards' Ch. 11 dropped
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More Atlanta homes at risk; Clayton hardest hit
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Economy:

Paulson Says Economy Is Starting to Rebound
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US Recession to End by September, Business Economists Say
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Why So Long to Call a Recession?
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May consumer sentiment drops to 28-year low on falling home prices, tepid job market
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More awful housing and inflation data expected this week
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Looking Ahead: This Week's Major Economic Reports
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President Bush Calls for More Oil Exploration at Home
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Bush faults Democrats for gas prices
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White House says Saudi Arabia not hiking oil output
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Saudi Increase Will Not Lower Oil Price, Iraq Says
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Oil Trades Above $126 on Dollar Weakness, Commodities Demand
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Pump price soars 17 cents in 2 weeks
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Average gasoline prices seen nearing $4 soon
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In Economic Downshift, Minorities Risk Losing Most
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New breed of American emerges in need of food
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Aviation:

Fuel costs may thrust airlines into bankruptcy
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US Airways pilots union disapproves of possible United combo
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US Airways, United talks on merger haven't gelled
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United balking at merger deal
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Expert weighs in on United, Continental
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Delta-NWA merger benefits could take years
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Airlines expect merger review to extend
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More airlines charging for second bags
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Airline Quality Getting Worse
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Delta CEO: Good Merger, Tough Business
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Transport union rejects American Airlines offer
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Frontier seeks court OK of severance plan
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Teamsters Protest Frontier Execs' Severance Packages
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Alitalia denies having trouble paying staff wages
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Eos' Shutdown Prompts Suit
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Eos files bidding procedures
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Jewelry:

Fabrikant creditors fight insider claims
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L.I.D. rakes in $32.8M
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Personal Finance:

Hard times: Children pitch in when parents share truth about budget crunch
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Telecoms:

Winstar Comm gets use of cash
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M&A:

How Clear Channel Changes Deals
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Banks' Terms Imperil Deal to Buy Out Bell Canada
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Television:

Lehrer Says 'News Hour' Money Woes Are Worst Ever
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Pappas DIP is deep-sixed
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Hotels:

Lender: Toss CF Hospitality case
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Debt Collection:

Debt Collectors Issuing 1099s May Violate Law
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Politics:

Obama warns seniors on Social Security
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'We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times... and then just expect that other countries are going to say OK'
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Food/Drink:

Steakhouse Partners has a new beef
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Roadhouse Grill flames out
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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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Bankruptcy Litigation:

Parmalat Had Little Cash Left, Executive Testifies
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Heavyweight Lawyers Going Toe-to-Toe in Parmalat Trial
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Accounting:

Banks Hide $35 Billion in Writedowns From Income, Filings Show
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Senator from tiny state is making big waves
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Investors sue Arthur Andersen
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Bankruptcy Research:

Is Secured Debt Used to Redistribute Value from Tort Claimants in Bankruptcy? An Empirical Analysis
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Wall Street:

U.S. Stock Futures Flat
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UK Stocks Erase Gains
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Asian Stocks Rise
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Stock Gains Defy Reports of Weakness
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Dimon no longer sees Bear's asset management group as an asset
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JPMorgan to Shed Bear Funds
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Government needs mechanism to shutter insolvent i-banks, says FDIC's Bair
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Oil Producers Mask Decade's Worst S&P 500 Profit Drop
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Finance:

Lending Terms Worry Investors
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New Article Examines Whether Wire Transfers Can Immunize Payments To Shareholders In LBOs
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Loose debt covenants
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Corporate deleveraging under way
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Religion:

Pastor promised riches, but flock says only he prospered
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Insider Compensation:

Pay pipeline still pumping for CEOs
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RVs:

RV sales crunched by housing woes, gas prices
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Lure of open road beats costs
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Witness Protection:

Witness's security link to debt case a puzzle
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Banking:

Lehman, Goldman, Morgan Stanley Outlooks Cut At Citi
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The need for a strengthened insolvency and resolution framework for banks ? A central banker?s perspective
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UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months
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Fitness:

Keys seeks final DIP approval
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Movie Industry:

The True Story of a Script, Big Dreams and Vanishing Private Equity
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Student Debt:

A no brainer, right?
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Sales:

Prosser auction hits high gear
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UK:

Bankruptcy applications rise by 12 per cent
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Labour Party near bankruptcy after donation fall
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Fewer people facing bankruptcy
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High street will feel shock of house sales collapse
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'Bankrupt' Kerry Katona Gets Hubby New Porsche
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The experts agree: it is getting better
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Sharks offering free 'advice' prey on desperate debtors
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Epidemic of debt spreads to Britain's middle class
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Is Britain's love affair with the property market finally over?
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Bankruptcy increases at fastest rate in country
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Sale of Au Naturale stores secures 550 jobs in Scotland
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Voluntary bankruptcies rising fast - with worse to come
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Homeserve Falls on Margin Pressure, Earnings Estimate
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Bradford & Bingley Declines on Outlook for Mortgages in UK
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EU:

EBRD meets to map out future as inflation risks loom
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New Zealand:

Blue Chip investors' hopes fade
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Canada:

Downtrodden pork business forces closure of swine center
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Judge delays ABCP decision
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Russia:

Recoveries from Russian bank defaults have been low
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