August 24, 2007

Daily Bankruptcy News

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Law:

Is All Quiet on the Law Firm Merger Front?
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How Much Will 'Best Law Firms for Women' List Influence Attorneys?
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Bryan Cave claims to be no.1 class action firm
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Someone Deserves To Be Shot Over This
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Nixon Peabody: This Is Not a Theme Song
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Considering Arbitration's Costs and Dangers
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Simpson Thacher hikes rates
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Say What?!
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Perk Watch: Working Abroad
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Lawyers as Jurors
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Lawyerly Lairs
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Fake Law Firm of the Day: Hewes & Associates
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Dickie Scruggs Hires John Keker In Criminal Case
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A White-Collar Lawyer Who Idolizes Darrow
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Fake Law Firm Web Site Mirrors Reality
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Promise to Pay for Law School is Enforceable
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Firm installs weird evolution screensaver
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Law Firm Benefit: $4 Back-Up Child Care
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The Blogs the Judges Read
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Why Some Law Firms Won't Plan
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Clifford Chance settles massive discrimination claim
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Never A Better Time To Be A Global Law Firm
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How about that Judge Plough?
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Wall Street:

Wall Street fades as credit jitters resurface
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Commercial Paper Market Shrinks the Most in Seven Years
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Economy:

US Budget Deficit Projected
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Countrywide CEO Sees Recession Ahead
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Religion:

Bankruptcy judge holds off ---- for now ---- on sending sex abuse cases against Catholic church to trial
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Judge to rule on allowing sex-abuse trials in San Diego diocese
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Adelphia:

Deloitte to Pay $167.5M to Adelphia Fund
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Bankruptcy Statistics:

Business bankruptcy rate will rise
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Music:

Kill the Music
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Aviation:

BA admits surcharge collusion in US court
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Retailing:

Home Depot Said to Cut Price to Try to Save Sale of Unit
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Celebrity:

Going, Going Gone! More Pearlman Items Up For Bids
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Lumber:

Bean Lumber filing for bankruptcy
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Hedge Funds:

Quantitative hedge funds reported big losses this month, in part because they shared large positions in the same stocks.
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Not So Smart - In an era of easy money, the pros forgot that the party can't last forever
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Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime
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Autos:

GM Says It Would Share Parts With Competitors to Save
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Lead Plaintiffs Announce an Agreement in Principle With Delphi Corporation to Settle Securities Class Action Litigation
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Dura Automotive sets creditor payoff plan to exit bankruptcy
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Real Estate:

Bankruptcy Law Doesn't Jibe With Modern Mortgages
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Wiping Out $200 Billion
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Bill to George: Fix subprime mess
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Show Me The Money!
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Desperate Home Sellers Swear By These Unconventional Tactics
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BofA elaborates on Countrywide
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Countrywide's 'Bailout' Not Looking So Good For Anyone
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Countrywide was a deal BofA was waiting for
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Ken Lewis's Savvy Countrywide Investment
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$2B stake in Countrywide may pay off
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Countrywide's Mozilo Sees Closer Bank of America Ties
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Countrywide Wins Few Fans
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Assurances on Buybacks May Cost a Lender
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Countrywide Option Trades Brisk
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CEO pledges survival, but sees a recession
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American Home: Insurers, Agents Impeding
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ARMs are crushing borrowers
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Subprime woes erupt in US, but India, Japan hit most
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Tighter lending requirements making things tough on buyers
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Avoiding a Mortgage Meltdown
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Many at fault for mortgage fracas
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Region losing hundreds of mortgage jobs
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Mortgage workers can't get to 401(k)s
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Subprime Fallout Could Help Venture Capitalists
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Countrywide credit protection cheapens
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Bank of China Reports Heavy Exposure to Subprime Crisis
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Chinese Banks Slump on Subprime Exposure
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More Indian outsourcers hit by US mortgage crisis
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In Britain and U.S., Urgent Steps to Change Mortgage Systems
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Short sales of homes on rise
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Pimco manager urges federal bailout of homeowners
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Belatedly, Some States Move to Limit Damage From Subprime Lending
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Distressed Debt:

Credit squeeze triggers rise distressed debt
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Health Care:

Tyrone Hospital to discuss reorganization plan with corporate members
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Carraway's star on the rise again
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Pascack hospital tries to raise cash
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DC Mayor Warms to Offer to Sell Hospital
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Boston Scientific Gets Debt Breathing Room
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Corporate Reform:

Shareholders Sue Over Alleged Backdating by Citrix Systems Execs
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Rise in Insider-Trading Cases Shows the Perils of Pillow Talk
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SEC kicks into phase one of pay-disclosure review
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Credit Reporting:

Credit Piggybacking
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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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Warren/Westbrook: Chapter 11: Conventional Wisdom and Reality
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Economy:

Commercial Paper Continues Plunge, Pressures Mount on Fed to Cut Rates
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US Initial Jobless Claims Fell by 2000 Last Week
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Mass layoff events and initial claimants for unemployment insurance, August 2003 to July 2007, seasonally adjusted
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The job market is coming under pressure from layoffs by mortgage-finance firms as the subprime business unravels.
(WSJ: separate paid subscription required)

Asian stocks slip as subprime fears return
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Global markets recovery falters, with eyes on US
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Food/Drink:

Krispy Kreme Franchisee Great Circle Files Bankruptcy
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Problems mount for bankrupt brewer
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Judge asked to reject Metabolife bankruptcy plan
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Sailing:

Pacific Seacraft Could Face Liquidation Under Chapter 7 Bankruptcy
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Pensions:

San Diego pension saga offers a cautionary tale
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Fitness:

Firm, Taut Prepack?
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Athletic Association closing
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Refco:

Refco trustee sues just about everybody
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Celebrity:

McLean investors want answers
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Banking:

Merrill Lynch issues a string of bank downgrades
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Student Debt:

Police Probe Death of Student Distraught Over Loans
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Sentinel:

Judge Appoints Trustee for Sentinel
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Bankruptcy trustee takes control at Sentinel
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What Happens To Options in Bankruptcy
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Is Usana selling vitamins, a pyramid scheme or an illegal tax shelter?
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Investors in short-term debt of a KKR affiliate hired a bankruptcy lawyer to advise them on a request to delay repayment
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UK:

As Foreclosures Mount, Britain Acts to Change Mortgage System
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Debt fears mount as top City banker quits
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China:

China Money Swap reform provides new hedging tool
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China's wall of money
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Canada:

School closing leaves parents 'hamstrung'
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Germany:

New bankruptcy law planned
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