August 13, 2007

Daily Bankruptcy News

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Law:

Vinson & Elkins Acquires Bankruptcy Boutique Founded by Former Wachtell Partners
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Vinson & Elkins boosts bankruptcy practice
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Latest Associate Pay Hikes Leave Corporate Clients Cold
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Pay Raise Watch: Odds and Ends
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Gauging the Ripple Effect of Associate Pay Raises
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Economics 101: How Associate Pay Raises Affect MidTex Firms, GCs, Recruiters And Law Schools
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Hero of the Day: Jones Day Stranger on the Train
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Who says Associates Are Miserable?
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McKee Nelson: The Richest Guys in Town
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In Address to ABA, Justice Breyer Reflects on 'Difficult Year'
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When Arbitrators Are Their Own Judges
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Authenticating E-Mail Discovery as Evidence
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3 Fen-Phen Lawyers Jailed Pending Trial
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Needed: More Online Access to Federal Court Rulings
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Managing Partner For A Cycle
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Judges on ABA Panel Describe Living in Fear, Years After Unpopular Rulings
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Nacchio Judge "Ashamed" of Strip-Club Outing
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Lopped Fees Vex Plaintiffs Lawyers
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Giuliani Prays 'Like a Lawyer'
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High court reins in class actions
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Say What?!
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Economy:

Market Swings Are First Crisis for Fed Chief
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Perfect storm of debt rattles Wall Street
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U.S. consumer confidence rebounded in August
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A credit mess the feds can't fix
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The Fed Primes The Pump
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Countrywide's Mozilo Says Fed `May Change Everything'
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ECB injects €47bn into markets
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ECB Injects Cash for Third Day to Avert Credit Crunch
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Paycheck to Paycheck: Losing everything
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The Well of Liquidity is Running Dry
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Credit Cards:

Credit card companies' newest target customer? The formerly bankrupt
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Food/Drink:

Burger King Is Actually A Turnaround Story
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After 21 years, RJ Gator's faces uncertain future
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No payouts for former Parmalat groups
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Auditors, Banks Avoid Parmalat Charges
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Hedge Funds:

The Hedge Fund Implode-o-Meter
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Hedge fund flop hits Huizengas
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Bear's bear from investment carnage
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Goldman Sachs said it and other investors will inject $3 billion into a quantitative fund that has seen its performance "suffer significantly."
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Bayou Investors Lose Bid for Pretrial
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The Quant Bloodbath
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Health Care:

Ombudsman finds care at BMC may not be up to par
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Big Medical Scanner Finishes Bankruptcy
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Intellectual Property:

SCO never owned UNIX copyrights, owes Novell 95 percent of UNIX royalties, bankruptcy possible
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Corporate Reform:

Prison Bound: John and Timothy Rigas still want to make their case
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Kobi Alexander: Invoking Separation of Powers - In Namibia
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Silicon Valley copes with guilt
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Bankruptcy Statistics:

Causes multiplying as bankruptcies continue climbing
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Entertainment:

Offer for Wild West World Could Be Days Away
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Mining:

Creditors sue Grupo Mexico for $100M
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Rainmakers on a spree in turbulent times
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Autos:

The Most Dangerous Deal in America
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Sale of ASC assets is finalized
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Delphi workers learn details of offer
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UAW pact with Dana blazes way for auto talks
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Dana sustains 2nd-quarter loss of $133M
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Union rule change sets back workers
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Auto-Parts Makers Could Face More Pain
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Real Estate:

Buyout Firm Says It Intends to Back Out of Deal for Lender
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Accredited Files Lawsuit Vs. Lone Star
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Investors warm up to offer for lender
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Impac Mortgage Battles Bankruptcy Talk
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Employees sue American Home Mortgage
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HomeBanc files for bankruptcy
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Atlanta mortgage lender had little margin for error
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Beazer Delays Filing, Cites Accounting Woes
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An inquiry into Coast lending
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Trump Mortgage, "You're foreclosed"
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Missold loans are latest blow for US builders
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In a Spiraling Credit Crisis, Large Mortgages Grow Costly
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Subprime meltdown: Commercial market singed
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A survival guide for sub-prime bystanders
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Warren: The Risk of Doing Nothing
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Mortgage Woes Take Toll on Lender With Roots in Faith
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Home-loan giants barred from more debt
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Lender goes bust... don't panic
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Developers: Project to go on despite plummeting stock
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BNP Paribas Homebanc Chapter 11 exposure totals 30 mln eur
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Subprime Turmoil Catches Mutual Funds Off Guard
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Mortgage crisis shows how world is connected
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Fed Criticized in Subprime 'Train Wreck'
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In blink of an eye, credit no longer so easy
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'Chicken money' keeps keel even - Crisis in subprime loans reinforces need for safety
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Hawaii sees mounting subprime loan failures
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Wachovia cuts mortgage jobs, cites lower demand
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Idaho foreclosures up 21 percent
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How the mortgage crisis arose and infected the world
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The ABCs of CDOs and the sub-prime crisis
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Experts were wrong on subprime loans
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Auction for QM a cozy affair
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Foreclosure scam artists descending to dupe us
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Businessman lives lavishly while others lose money
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Lenders' troubles resonate in Ariz.
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Religion:

Diocese told to defend bankruptcy filing
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Judge may toss diocese bankruptcy
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San Diego Diocese Bankruptcy Anxiety
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Black nationalist institution in California goes down in bankruptcy and disquiet
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Entertainment:

Wild West World's parent company files for bankruptcy
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Aviation:

Northwest CEO Takes Some Blame
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Midwest Air turns to another suitor
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Airlines try to pacify passengers stuck on tarmac with free food
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Northwest Air, TPG Bid $395 Million for Midwest Air
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Little Jets, Big Problems
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Banking:

Greenspan takes advisory role at Deutsche Bank
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Politics:

Dodd defends donations from hedge fund industry
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Warren: Edwards Advances Credit Issues
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Publishing:

Hollinger to sell interest in Cayman Islands publishing company
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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), (12)
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U.S. seeks higher bankruptcy fees
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Turning around distressed firms complex business
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Good Debt?
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Celebrity:

Deal in Celeb-Manager's Bankruptcy Case
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How Not To Make Celeb $$
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Tenn. man spent, gave away investor funds
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Ex-bookkeeper offers clues to lost millions
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Skiing:

Ski resorts seek new summer image
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Ski Dubai Snowslope Operator Files for Bankruptcy Protection
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Pensions:

Latest 401(k) benny: Debit card to tap savings
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Refco:

Refco Suits Depend on Pending Case
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Refco Trustee Wants Half A Billion From Thomas H. Lee Firms
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Golf:

Suitor sees a golf project 'Fresno can be proud of'
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Risk Management:

Risk. Reconsidered.
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Banking:

$230,000 error may cost bank $30 million
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Committees:

Increased Scrutiny Placed on Trading by Members of Creditors' Committees
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Enron:

Natwest Three in witness outcry
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Mass Torts:

N.J. judge upholds $13.5M verdict in Vioxx case
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None of Your Business, Trustee!
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UK:

Record in bankruptcy applications
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Britain's pensioners are £57bn in debt
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IVA firms threaten to sue banks
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Is Britain about to slide down the subprime slope?
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We stand at the edge of a global banking crisis
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R3 response to TIX proposal
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Sea Containers' pension deficit drifts towards £190m
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How debt can spoil the party for the 'lucky generation'
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Japan:

Azabu Tatemono Granted Creditor Protection With Y565 Billion Debts
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Poland:

Polish group Elektrim files for bankruptcy in bonds, asset fight
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Cayman Islands:

Another billion-dollar 'bad egg' fallout?
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Australia:

Bankruptcy advisor avoids jail for bat rampage
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Germany:

Deutsche Postbank drawn into US subprime morass
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Israel:

Police issue arrest warrant for Heftsiba CEO
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Ireland:

More than 1,000 jailed over debt non-payment
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