September 18, 2008

The Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

 

Law:

Milbank Tweed Named Counsel to Lehman's Creditors' Committee
(DBN Subscription Required)

Sign of the Times: Chelsea Clinton at Lehman Bankruptcy Hearing
(DBN Subscription Required)

Lehman advisers set to be hit in bank's collapse
(DBN Subscription Required)

Firms Aid in Fed's Bailout of AIG
(DBN Subscription Required)

Barclays Enters $1.75 Billion Deal to Acquire Lehman Assets With Firms' Help
(DBN Subscription Required)

The new world
(DBN Subscription Required)

Locke Lord's Computers Kept Running While Ike Destroyed 65 Offices
(DBN Subscription Required)

V&E Sustains Less Hurricane Damage than Associate's House
(DBN Subscription Required)

Picking Up the Pieces
(DBN Subscription Required)

Heller Ponders Dissolution
(DBN Subscription Required)

Were Heller's Problems Caused by Term Limits?
(DBN Subscription Required)

I Vant to be Alone (Or, Unwanted Officemates)
(DBN Subscription Required)

BigLaw Looking to Lure Laterals by the Lake
(DBN Subscription Required)

Report: In Wake of Ticket Incident, Lerach Moving to New Prison
(DBN Subscription Required)

Hurricane Ike: Helping via Hotline
(DBN Subscription Required)

Meltdown World
(DBN Subscription Required)

Discovery Disaster Threatens to Derail Case Against Former McAfee GC
(DBN Subscription Required)

6th Circuit Rules That Rooker-Feldman Does Not Prevent Bankruptcy Court from Declaring that Post-Discharge Judgment is Void Ab Initio
(DBN Subscription Required)

Facing Big-Firm Rejection
(DBN Subscription Required)

Supreme Court's Global Influence Is Waning
(NYT: separate free registration required)

Law School Gets $5 Million From Recent Grad's Mom
(DBN Subscription Required)

Now Playing at Houston's V&E: SpongeBob
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Judges:

House Panel Opens Judge Impeachment Probe
(WSJ: separate paid subscription required)

Judge In O.J. Simpson Trial Cracks Down
(DBN Subscription Required)

______________

Wall Street:

Stock Futures Rise on Liquidity Boost, Deal Talk
(NYT: separate free registration required)

Bailout Fails to Stem Global Stock Slump
(NYT: separate free registration required)

Stocks tumble after government bailout of AIG
(DBN Subscription Required)

Why Wall Street is unraveling
(DBN Subscription Required)

Where Will All the Bankers Go?
(DBN Subscription Required)

No T-Bills To Buy?
(NYT: separate free registration required)

The financial crisis Wall Street's bad dream
(DBN Subscription Required)

US Stocks Plunge as Lending Freezes Up Following AIG Takeover
(DBN Subscription Required)

SEC Stiffens Short-Selling Rules Amid Market Turmoil
(DBN Subscription Required)

Gold posts biggest 1-day gain ever
(DBN Subscription Required)

AIG Leads 'Unlucky 13' Stocks to $1 Trillion Loss
(DBN Subscription Required)

"A rising tide of writedowns"
(DBN Subscription Required)

Finance houses in a rush to link
(DBN Subscription Required)

Morgan Stanley Tries to Halt Slide
(WSJ: separate paid subscription required)

Big hedge funds reassess M Stanley risk
(DBN Subscription Required)

Wall Street survivors under fire
(DBN Subscription Required)

Money Market Funds Enter a World of Risk
(NYT: separate free registration required)

Wall Street losing faith in banks
(DBN Subscription Required)

______________

Politics:

Congress May Adjourn, Leave Crisis to Fed, Treasury
(DBN Subscription Required)

In Washington, Financial Furor Is a First-Rate Chance to Assess Blame
(NYT: separate free registration required)

AIG Bailout Causes More Jitters on Capitol Hill
(DBN Subscription Required)

McCain, Obama Both Oppose Bailout Of AIG Management
(DBN Subscription Required)

Memo to Obama and McCain
(DBN Subscription Required)

Bunning Condemns AIG Bailout
(DBN Subscription Required)

Biden calls paying higher taxes a patriotic act
(DBN Subscription Required)

McCain scolds Wall Street, supports automaker loans
(DBN Subscription Required)

McCain says government 'forced' to bail out AIG
(DBN Subscription Required)

The Ad Campaign McCain, on the Economy
(NYT: separate free registration required)

Palin says she's disappointed by another bailout
(DBN Subscription Required)

Senate to stay in session to deal with market crisis
(DBN Subscription Required)

Dodd Says the Fed Has Authority to Set Up Debt Fund
(DBN Subscription Required)

Reid Says 'No One Knows What to Do' to Solve Crisis
(DBN Subscription Required)

______________

Derivatives:

AIG and the Derivative Nightmare
(DBN Subscription Required)

Deutsche Bank Limits Credit Swaps Adding to Bank Risk
(DBN Subscription Required)

______________

Banking:

Federal bank insurance fund dwindling
(DBN Subscription Required)

Washington Mutual Up for Auction
(NYT: separate free registration required)

Morgan Stanley Considers Merger With Wachovia
(NYT: separate free registration required)

Mor-chovia?
(DBN Subscription Required)

WaMu's New Chief Knows The Subprime Business
(DBN Subscription Required)

______________

Ratings Agencies:

It's Time for 'We Hit an Iceberg' Credit Ratings
(DBN Subscription Required)

______________

 

Real Estate:

Housing Starts at 17-Year Low in August
(NYT: separate free registration required)

Sales up, prices down as foreclosures flood Southern California ...
(DBN Subscription Required)

FHFA Appoints New Fannie and Freddie Chairmen
(DBN Subscription Required)

Government's Freddie, Fannie takeover could benefit Black borrowers
(DBN Subscription Required)

Banks Jettison Commercial-Property Debt
(WSJ: separate paid subscription required)

Applications to refinance home mortgages surge
(DBN Subscription Required)

Boston Properties shares taking a pounding
(DBN Subscription Required)

More Pain Coming for South FL Markets
(DBN Subscription Required)

Questions Surround FHA's Push into Troubled Mortgages
(DBN Subscription Required)

______________

Insurance:

With Fed's $85 Billion Loan, A.I.G. Starts to Calculate a Measured Sell-Off
(NYT: separate free registration required)

Regulator group formed to aid sale of AIG assets
(DBN Subscription Required)

Unheard Pleas, Lost Chances Pushed Ailing AIG to Brink
(WSJ: separate paid subscription required)

NY Gov. Paterson, Dinallo help seal AIG loan
(DBN Subscription Required)

AIG spurned Allianz, J.C. Flowers
(DBN Subscription Required)

AIG Bailout: Its Value in Common Sense Terms
(DBN Subscription Required)

AIG businesses for sale as Fed bailout buys time
(DBN Subscription Required)

AIG's brush with bankruptcy stuns Asian investors
(DBN Subscription Required)

Greenberg, His Firms Lost Almost $6 Billion on AIG
(DBN Subscription Required)

AIG Falls on Concern Shareholders Will Be Wiped Out
(DBN Subscription Required)

Post AIG, Insurers Ponder
(DBN Subscription Required)

Severe terms pries open purse strings
(DBN Subscription Required)

This greed was beyond irresponsible
(DBN Subscription Required)

AIG Directors Sued by Pension Fund Seeking to Recover Losses
(DBN Subscription Required)

Conseco sinks after revealing Lehman, AIG holdings
(DBN Subscription Required)

Insurance may see Ike's surge
(DBN Subscription Required)

______________

Lehman:

Risky Real Estate Deals Helped Doom Lehman
(NYT: separate free registration required)

Lehman's Shotgun Wedding Set for Hearing Tomorrow
(DBN Subscription Required)

Lehman seeks OK for complex procedure
(DBN Subscription Required)

Possible sale of $32.6 billion of commercial properties
(DBN Subscription Required)

Lehman creditors seen pushing for swift sale of assets
(DBN Subscription Required)

VCs Assess Fallout From Lehman Brothers Loss
(WSJ: separate paid subscription required)

Deutsche Delays Samurai Bonds After Lehman Bankruptcy
(DBN Subscription Required)

Lehman counterparties scramble to stake claims but CSO holders could turn a profit, sources say
(DBN Subscription Required)

Bank Blowup Will Spur Litigation Boom
(DBN Subscription Required)

PwC: Lehman staff will be paid
(DBN Subscription Required)

Barclays Submits Stalking Horse Bid for Lehman's Broker-Dealer Operations of About $5.7 Billion
(DBN Subscription Required)

______________

Finance:

GM, UBS Short-Term Debt Costs Soar as Money Fund Breaks Buck
(DBN Subscription Required)

______________

Telecoms:

Nortel Drops Most Since at Least 1980 After Cutting Forecast
(DBN Subscription Required)

Judge to sort out Prosser case
(DBN Subscription Required)

______________

Movie Industry:

Focus Enhancement board votes for bankruptcy filing, then resign
(DBN Subscription Required)

______________

Committees:

Upcoming DE Organizational Meetings
(DBN Subscription Required)

______________

Tax:

International Tax-Shelter Plot Thickens; Mogul Sues UBS
(DBN Subscription Required)

______________

Corporate Reform:

The Dawn of the Reregulation Era?
(DBN Subscription Required)

SEC May Require Disclosure of Hedge Funds' Short-Sale Positions
(DBN Subscription Required)

SEC cracks down on short selling
(DBN Subscription Required)

______________

Religion:

Shield on priests' files sought
(DBN Subscription Required)

______________

Utilities:

EDF Said to Be Out of Running to Buy Constellation
(DBN Subscription Required)

Lehman bankruptcy could short-circuit Constellation Energy
(DBN Subscription Required)

______________

ARS:

The ARS Party Continues: Lawsuit Against UBS Proceeds
(DBN Subscription Required)

______________

Gambling:

Casino Aztar to be auctioned Nov. 18
(DBN Subscription Required)

______________

Golf:

Negotiations continue to keep open ArrowCreek Country Club
(DBN Subscription Required)

______________

Municipalities:

Jefferson County's bond insurers sue
(DBN Subscription Required)

______________

Construction:

Hurd Windows wins use of cash
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10)
(DBN Subscription Required)

_____________

Economy:

Henry Paulson's Frankenstein
(NYT: separate free registration required)

The Paulson-Bernanke Doctrine, improvised in crisis
(DBN Subscription Required)

Three-Month T-Bill Rates Plunge to Lowest Level Since 1950s
(DBN Subscription Required)

Worst Crisis Since '30s, With No End Yet in Sight
(WSJ: separate paid subscription required)

Abroad, Bailout Is Seen as a Detour From Capitalism
(NYT: separate free registration required)

Bloomberg warns of possible 'next wave' crisis
(DBN Subscription Required)

Who'll Bail Out Uncle Sam?
(DBN Subscription Required)

America will need a $1,000bn bail-out
(DBN Subscription Required)

Are the Government's Bailouts Hurting the Economy?
(DBN Subscription Required)

A Big Unknown: Cost of Bailouts
(WSJ: separate paid subscription required)

Central Banks Offer Extra Funds to Calm Money Markets
(DBN Subscription Required)

Changing the rules of the game
(DBN Subscription Required)

Fed may find more at its door
(DBN Subscription Required)

Welcome to The Impasse
(DBN Subscription Required)

Can Bailout Capitalism Work?
(DBN Subscription Required)

Current account deficit widens to 5.1% of GDP
(DBN Subscription Required)

______________

Fraud:

Scam Targeted Towards Some Bankruptcy Debtors
(DBN Subscription Required)

______________

Autos:

Federal Aid to Detroit Seems Likely
(NYT: separate free registration required)

Banks backing Big 3 on loans
(DBN Subscription Required)

GM and Ford Officials Seeking US Loans to Meet Fuel Goal
(NYT: separate free registration required)

US Sen. leader Reid says auto loans 'very important'
(DBN Subscription Required)

Auto Supplier Federal Mogul Cuts 4,000 Jobs
(WSJ: separate paid subscription required)

______________

Utilities:

Constellation Shot Down on Credit Worries
(DBN Subscription Required)

______________

Retailing:

Marty Shoes Inc. closing, files Chapter 11
(DBN Subscription Required)

______________

Oil/Gas:

Suppliers to SemGroup win ruling
(DBN Subscription Required)

SemGroup gets more funds
(DBN Subscription Required)

SemGroup workers gain incentive pay
(DBN Subscription Required)

______________

Hedge Funds:

A Dark Mood Among Hedge Funds in London
(NYT: separate free registration required)

______________

Trustees:

House Panel Told Trustee Pay Should be Increased
(DBN Subscription Required)

______________

Newspapers:

Star-Ledger obituary could be written soon
(DBN Subscription Required)

______________

Aviation:

United Airlines Faces Losses on Its Contracts for Jet Fuel
(NYT: separate free registration required)

Flight Risk
(DBN Subscription Required)

Easyjet warns of tough times ahead
(DBN Subscription Required)

Italian minister: Alitalia 'hangs by a thread'
(NYT: separate free registration required)

______________

Credit Cards:

National credit card debt per credit card borrower increased 2.63% sequentially to $1,717 in the second quarter and 8.6%, compared to 2Q/07
(DBN Subscription Required)

______________

UK:

Bank sees further signs of slowdown
(DBN Subscription Required)

Global banking's worst nightmare
(DBN Subscription Required)

Hedge Funds Attack Britain's Biggest Mortgage Bank
(DBN Subscription Required)

British bank HBOS to join Lloyds
(DBN Subscription Required)

Footsie climbs after Lloyds rescue
(DBN Subscription Required)

Insolvency Service laptop theft creates industry response
(DBN Subscription Required)

BDO says it dealt with XL issues
(DBN Subscription Required)

______________

Russia:

Russia Gives Banks Cash, Halts Stock Trading to Head Off Crisis
(DBN Subscription Required)

Financial turmoil accelerates in Russia
(DBN Subscription Required)

Russian stock market still shut after plunge
(DBN Subscription Required)

______________

Latin America:

Brazil, Mexico Homebuilders Drop on Credit Concerns
(DBN Subscription Required)

______________

Japan:

BoJ injects 1,500,000,000,000 yen
(DBN Subscription Required)

______________

Germany:

'Dumbest' German bank criticized for Lehman transaction
(DBN Subscription Required)

______________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). OUR PHONE SERVICE IS CURRENTLY IMPAIRED AS ARESULT OF HURRICANE DAMAGE. UNTIL THIS NOTICE IS REMOVED, PLEASE COMMUNICATE WITH US ONLY BY EMAIL.