August 23, 2007

Daily Bankruptcy News

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Law:

The Thousand-Dollar Bar
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Top Lawyers Bill $1,000 an Hour
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Some Law Firms Keep the Lid on Partner Pay Info
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Pay Raise Watch: NYC to Associate Layoffs?
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Pay Raise Watch: Mumbai to $8,160?
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Two Other Firms Say They'll Dole Out More Cash to Beginners
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Outsourcing: By a Factor of Ten
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Ethics Rules, Offshoring and Mark-Ups on Contract Attorney Fees
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Solution to the Federal Judicial Pay Crisis: Marry Into Money
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Canadian bankruptcy specialists merge
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Dickie Scruggs Charged With Criminal Contempt
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Ex-Law Firm Leaders Get Back in the Groove
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$1 Million Malpractice Award Against Gunster Yoakley Upheld
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Anti-Casino Groups Call for Probe of Cozen O'Connor Attorneys
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The Smoking Gun in the E-Mail Box
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Lawyer on Esquire Best-Dressed List
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A Conversation with Marianne Short, Managing Partner of Dorsey & Whitney
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"Barbie" Sued by Mattel
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Former SEC Commissioner Roel C. Campos Joins Cooley
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Latest Name Game Move: 'Mayer Brown'
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Pricing's Role in the Law Practice Business Model
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Big TX Firms Pay Grads $160 K But Balk at Raises for All
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Is the Billable Hour Now Dead?
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5th Circuit Holds There is Genuine Issue of Material Fact as to Whether Defendant Properly Mailed Notice; Reverses Summary Judgment
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Say What?!
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Economy:

Economists, traders still expecting rate cut despite calm, rising market
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My, How Fast Liquidity Disappeared
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Cloud of fear hovers over Fed
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It's Out of Bernanke's Reach
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Elliott Wave theorists see 'great credit contraction'
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Aviation:

Delta's New CEO Known for Decisiveness
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Delta workers greet new CEO
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Northwest's deal for Midwest Air likely will raise antitrust challenge
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PBGC will boost pensions of some Delta pilots
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Seven Flying Finn employees suspected of bankruptcy offences
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Diet:

Judge Asked to Reject Metabolife Plan
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Food/Drink:

Anonymous tip may thwart Giant Eagle-LeNature's deal
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Trustee digs deeper in LeNature's probe
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Student Debt:

Congress Deals With Growing Student Debt Crisis
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PHEAA Awards More Than $500K In Bonuses
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HVAC:

Fedders' North American units file Chapter 11
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Corporate Reform:

Ex-Qwest CEO Nacchio gets bail pending appeal
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An All-Star Cast of "Friends" in Stoneridge
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Lawyers 'Fly Blind' on Options Penalties
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3rd Circuit Rules Prison Time 'Reasonable' for Tax Cheat
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Autos:

DURA Files Plan Of Reorganization & Disclosure Statement
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Soon-To-Be Laid-Off Employees Say They're Losing In More Ways Than One
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Lawyers: Offers coming soon for Rockford Products
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Chrysler, Nardelli Stare Down Oblivion Once More
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Half of laid off Dana workers have found other jobs
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Real Estate:

Bank of America to invest $2 bln in Countrywide
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Lawyers Learn From HomeBanc's Demise
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Late loans soar on troubled mortgages: FDIC
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Mortgage Job Losses Surpass 40,000
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Possible Countrywide Bankruptcy Developments
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Navigating subprime securities
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Lehman to shut down subprime business
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Lehman, Accredited, HSBC Shut Offices; Crisis Spreads
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Quality Home Loans Enters Bankruptcy
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Builders: Jumbo-Loan Woes Hurt Luxury-Home Sales
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Accredited Halts U.S. Loan Applications
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Magnus lender hustles to find mortgage deals
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Sub-prime firms make cutbacks
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Some home lenders go into hibernation
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HSBC begins US mortgage cull
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The mortgage industry has seen the worst from poor underwriting; now worst danger is investor confidence
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Capital Needed To Shore Up Mtge Market;No 'Quick Fix'
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Accredited to Lay Off About 1600, Close 60 Retail Locations
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Failed homebuilder files suit against Coast Bank
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Lone Star says entitled to end Accredited merger
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Workers Sue HomeBanc's Over Layoffs
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Home construction down in July
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Ground Zero of the Real Estate Bust
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Bank sued over work on foreclosure
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The Fire Next Door: CRE Markets Feel Heat From Deepening Housing Woes
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Investor Sues Thornburg Mortgage
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Subprime Crisis Isn't Fault of Ratings Companies
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Impac Mortgage Holdings cuts 350 jobs
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What to Do If Your Mortgage Lender Goes Bust
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Banking:

Four Banks Borrow From Fed Window
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Federal regulators take over Norlarco Credit Union
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Theme Parks:

Potential buyers plan Wild West World tour
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Politics:

Proposals From the Stump
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Accounting:

Refco Suit Hits Grant Thornton, PwC, E&Y
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SarbOx caused almost 350% increase in audit fees
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Layoffs:

Laid Off? Cut Back and Get Back Out There.
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Mass Torts:

Fen-phen lawyers remain jailed
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M&A:

Billionaires gear up for spending spree
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Evaluating bankruptcy (video)
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New Bankruptcy Opinions
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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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Health Care:

Purchase Deal for Southeast Hospital
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Chair of bankrupt Bayonne hospital resigns
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Hospital's uncertainty driving away employees
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Northern cities seek hospital
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Moody's Cites Weak Collections in Downgrading HMA
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Bad Debt Is A Community Benefit, AHA Tells IRS
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Music:

Judge OKs payments in polka star case
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Fraudulent Transfers:

Solvency Opinions: Trenchant Analysis or Legal Armor?
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Hedge Funds:

Harvard hit by $350m loss on Sowood stake
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Confessions of a Hedge Fund Monkey
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Resurrection of a hedge fund
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Goldman fund rebounds after $3B rescue
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Refco:

Refco: Let 1,000 Lawsuits Bloom!
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Bankruptcy Statistics:

Business bankruptcies up 38% in second quarter
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Turnarounds:

Turnaround Management Association Names Best Corporate Renewal Accomplishments in Turnaround and Transaction of the Year Awards
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Wall Street:

Wall St seen opening higher as credit fears fade
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Bloodbath Beckons on Wall Street
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Corporate Governance:

Boards Behaving Badly: A Delaware Primer
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Sentinel:

Sentinel Management Seeks Trustee to Run Business in Bankruptcy
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Sentinel bankruptcy trustee likely named Thursday
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Discus May Lose $407 Million on Sentinel Collapse
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McLean's investors getting their day in court
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UK:

Town football club is facing bankruptcy
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Conduits and how they work
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London braces itself for job losses as crisis spreads
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Record numbers face debt meltdown
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Sub-primed and ready to explode
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Consumer debt exceeds GDP, says Grant Thornton
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Clifford Chance stars on £2.8bn Eurotunnel debt deal
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Canada:

Major Quebec bankruptcy firms to merge
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New Zealand:

Creeping sense of financial crisis
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Israel:

International arrest warrant issued for Heftsiba CEO
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