August 30, 2007

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:

Midlevel Associates: The Paycheck Report
(DBN Subscription Required)

Yes, They Charge More: They're Experts
(DBN Subscription Required)

Lawyer of the Day: Peter 'P'Ta Mon' John
(DBN Subscription Required)

UK Firm Moves Partners to NY to Kickstart Wall St. Practice
(DBN Subscription Required)

London Calling (Finally) for NY BigLaw Firm
(DBN Subscription Required)

L.A. Partner's Departure Is Latest Blow for Mayer Brown
(DBN Subscription Required)

A "Crim Pro" Lesson, Courtesy of Sen. Larry Craig
(DBN Subscription Required)

A Judge Named Alito
(DBN Subscription Required)

Is Affirmative Action at Law School Actually Hurting Minorities?
(DBN Subscription Required)

So Who's in the Mood for Curry Goat?
(DBN Subscription Required)

What Every Lawyer Should Know About the Economics of a Law Practice
(DBN Subscription Required)

Did Bill Lerach Channel Richard Nixon?
(DBN Subscription Required)

Did Lerach Channel "The Godfather II"?
(DBN Subscription Required)

Phone Caller of the Day: Bill Lerach
(DBN Subscription Required)

Lerach's Exit Strategy
(DBN Subscription Required)

Recruiters List the Resume Essentials for GC Wannabes
(DBN Subscription Required)

Umbrella Rulings Can't Cover All Data
(DBN Subscription Required)

Who's the Lawyer? Suit to Decide
(DBN Subscription Required)

eBay Scheme Earns Reprimand for Lawyer
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Attorneys Leaving Posts as President Bush's Term Nears End
(DBN Subscription Required)

How to Improve the Lawyer-Secretary Work Relationship
(DBN Subscription Required)

Dewey-LeBoeuf tie-up to back European push
(DBN Subscription Required)

In-house lawyers reconsider careers as salary gap widens
(DBN Subscription Required)

Federal Judges Fleeing the Bench?
(DBN Subscription Required)

______________

Religion:

Davenport diocese gets bankruptcy extension
(DBN Subscription Required)

______________

Real Estate:

Banks Press American Home for Mortgages
(DBN Subscription Required)

Crisis for Tarragon Continues
(DBN Subscription Required)

Falor loses control of third Chicago hotel
(DBN Subscription Required)

H&R Block reopens Option One talks, posts big loss
(DBN Subscription Required)

U.S. Congress split on solution to subprime crisis
(DBN Subscription Required)

Builders' debt cut as bankruptcy fears continue to linger
(DBN Subscription Required)

"A taste for credit"
(DBN Subscription Required)

Housing Bailout Chatter Gets Louder
(DBN Subscription Required)

Mortgage applications fall 4.2%; fewer seek ARMs
(DBN Subscription Required)

Did Bernanke Really Say That
(DBN Subscription Required)

Court allows AHM to auction 5700 mortgages
(DBN Subscription Required)

Judge says former Magnus workers must wait to be paid
(DBN Subscription Required)

Foreclosures skyrocket; Maryland takes action
(DBN Subscription Required)

Thornburg Offering Convertible Shares
(DBN Subscription Required)

Freddie Mac posted a 45% drop in earnings
(WSJ: separate paid subscription required)

______________

Publishing:

Publishing the O.J. Simpson book: Another chapter in a bizarre saga
(DBN Subscription Required)

Orders for Simpson Book Soar
(NYT: separate free registration required)

Hollinger creditors press case
(DBN Subscription Required)

______________

Corporate Reform:

Shareholder rights groups aim to shoot down SEC proposals
(DBN Subscription Required)

After 4 Years, Last Charges Dropped in Quattrone Case
(NYT: separate free registration required)

SEC Prevails in Long Fight Over Corporate Documents
(DBN Subscription Required)

______________

Credit Cards:

A Credit Card Crackdown?
(DBN Subscription Required)

______________

Finance:

Bankruptcy Exit Loans Look Uncertain
(DBN Subscription Required)

A battle looms over the $24 billion required for KKR to take over First Data as banks and their private-equity clients lock horns over financing
(WSJ: separate paid subscription required)

______________

 

 

 

Autos:

ResCap, Labor Talks Weigh on GM
(DBN Subscription Required)

Federal-Mogul Gets OK for $3.5B Loan
(DBN Subscription Required)

Judge approves deals ending Delphi's last labor disputes
(DBN Subscription Required)

______________

Economy:

On Poverty, Maybe We're All Wrong
(DBN Subscription Required)

Three paths for Bernanke
(DBN Subscription Required)

The economy was stronger during the spring than earlier estimated
(WSJ: separate paid subscription required)

US pay gap widens on hedge fund boom
(DBN Subscription Required)

Top fund managers made 22,300 times average wage
(DBN Subscription Required)

The Fed is watching financial markets closely and is "prepared to act as needed" should market disruptions threaten the economy, Bernanke said in a letter to Sen. Schumer
(WSJ: separate paid subscription required)

Recession fears as more hedge funds crumble
(DBN Subscription Required)

Nobel Laureate Sees No Recession in US
(DBN Subscription Required)

Economy surges ahead at 4 percent annual rate
(DBN Subscription Required)

______________

Hedge Funds:

Basis Capital's Yield Alpha Fund Seeks Bankruptcy Protection in U.S.
(WSJ: separate paid subscription required)

SEC rule to tackle hedge fund fraud
(DBN Subscription Required)

Canadian insurer battles hedge funds in court over research reports
(DBN Subscription Required)

Not all hedge funds hit by credit woes
(DBN Subscription Required)

Asia hedge funds' simplicity may be saving grace
(DBN Subscription Required)

French Hedge Fund Postpones Redemptions, Cites Sentinel
(DBN Subscription Required)

Hedge funds are responsible for nearly 30% of all U.S. bond trading
(WSJ: separate paid subscription required)

______________

Health Care:

Tenet Healthcare: Tired Of Being Bankrupt
(DBN Subscription Required)

Tenet Says It Has Resources To Execute Turnaround
(DBN Subscription Required)

Patients in US turn to no-interest loans for health care
(DBN Subscription Required)

Wariness Urged in Using Credit Cards for Medical Bills
(NYT: separate free registration required)

______________

Wall Street:

Credit, loan losses may crush Wall Street results
(DBN Subscription Required)

Wall Street worries about Fed
(DBN Subscription Required)

Traders say JPY funded carry trades starting to look top−heavy
(DBN Subscription Required)

Stocks are pointing to a lower start Thursday
(WSJ: separate paid subscription required)

Downgrades
(DBN Subscription Required)

______________

Mass Torts:

Judge: Secrecy May Have Cost WR Grace In Tersigni Investigation
(DBN Subscription Required)

______________

Mining:

Judge OKs Asarco's $27 million settlement
(DBN Subscription Required)

______________

Family Law:

Another Court Holds that Trustee Does Not Have the Ability to Administer Exempt Property for DSO Creditors
(DBN Subscription Required)

______________

Aviation:

Union skeptical on NWA gains
(DBN Subscription Required)

______________

Theme Parks:

Time extended for Wild West sale
(DBN Subscription Required)

______________

Timber:

Palco mill and non-officer bonus plans approved
(DBN Subscription Required)

______________

Rating Agencies:

Credit-rating agencies to get long, hard look from Washington
(DBN Subscription Required)

______________

Accounting:

Herz stays mum on subprime meltdown
(DBN Subscription Required)

Fair value fingered for market crash
(DBN Subscription Required)

Deloitte records 15% revenue surge
(DBN Subscription Required)

______________

Some debt's never too old for collection efforts
(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), (11), (12)
(DBN Subscription Required)

______________

Telecoms:

Is EarthLink's Fuse Burning Out?
(DBN Subscription Required)

San Francisco's Free Wi-Fi Network Close to Death
(DBN Subscription Required)

______________

Student Debt:

College Students, Watch Your Credit
(WSJ: separate paid subscription required)

The College Credit Scam
(DBN Subscription Required)

______________

Cash Management:

Ex-CBOT exec named trustee in Sentinel case
(DBN Subscription Required)

Sentinel Investor Looking to Collect
(DBN Subscription Required)

______________

Food/Drink:

Trustee asks judge to void sale of Le-Nature's plant
(DBN Subscription Required)

______________

Ponzi:

Eimicke Associates' collapse heads to grand jury
(DBN Subscription Required)

______________

Media:

Charter Looks to Put off Debt Maturity
(DBN Subscription Required)

______________

Bankruptcy Reform:

A nonbailout solution offered
(DBN Subscription Required)

Will cooler heads prevail in latest crisis?
(DBN Subscription Required)

______________

Utilities:

Calpine Files Notice to Reset Disclosure Statement Hearing
(DBN Subscription Required)

______________

Pensions:

Retirees face 'guaranteed income gap,' Fidelity warns
(DBN Subscription Required)

______________

Tax:

IRS Is Denied Work Papers of Textron
(WSJ: separate paid subscription required)

Judge Orders a Web Site Selling Tax-Evasion Advice to Close
(NYT: separate free registration required)

HR 3056, Tax Collection Responsibility Act of 2007
(DBN Subscription Required)

Debtors Defeat Bankruptcy Trustee in Battle Over Tax Refunds
(DBN Subscription Required)

______________

Banking:

Think about world peace; while you're doing that I'll be over here stealing your stuff
(DBN Subscription Required)

______________

European 10-Year Bond Yields Near 3-Month Low on Credit Concern
(DBN Subscription Required)

UK:

Liquidity crisis could spark $43bn 'firesales'
(DBN Subscription Required)

Pound Falls Against Dollar Before BOE Says Home Loans Declined
(DBN Subscription Required)

Britain's Housing Lenders Tighten Subprime Credit
(DBN Subscription Required)

______________

Australia:

Australian fund Basis Yield files for bankruptcy
(DBN Subscription Required)

Show Us Your SIVs And Conduits
(DBN Subscription Required)

______________

Cayman Islands:

Basis Yield Files Bankruptcy Over Subprime Defaults
(DBN Subscription Required)

Basis Capital Files For Bankruptcy Seeks Cayman Protection, Just Like Those Bear Stearns Funds
(DBN Subscription Required)

______________

New Zealand:

Timeline of finance companies going into receivership
(DBN Subscription Required)

______________

Germany:

German state-owned bank WestLB booked an $826 million charge for proprietary trading losses
(WSJ: separate paid subscription required)

Wider WestLB Probe Hurts Sale Prospects
(WSJ: separate paid subscription required)

Bank Inquiry Reaches Executives
(NYT: separate free registration 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