July 26, 2007

Daily Bankruptcy News

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Law:

New Legislation Would Bolster Attorney-Client Rights
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Big Law Is More Global & Profit-Focused
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Pay Raise Watch: Bracewell & Giuliani
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Profits vs. Partners: Is Biglaw Going the Way of the Dinosaur?
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Indicted and Ousted NY Partner Denies Inflating Fees
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The Great American Pants Suit Fundraiser
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The Go-To Guy For Court Fights With Paris Hilton
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Perk Watch: CLE, Yeah You Know Me
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Strategic Talent Acquisition : How to Be More Competitive in Recruiting Top Talent
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Scott Turow: Ban Billable Hour
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Clifford Chance shakes up business development function
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Meet Lindsay Lohan's Lawyer
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First Day of N.Y. Bar Exam Marked by Software Snafus
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KM Attorneys Seek Calm in the E-Mail Storm
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House Democrats Approve Contempt of Congress Citations Against Two Presidential Aides
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Associate Brings the Sexy Back to Lawyering
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Nev. Judge Suspended, Poses"Substantial Threat," Commission Finds
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Observers Agog Over Nev. Judge Saga
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Say What?!
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Real Estate:

Mortgage Woes Will Worsen, Analysts Say
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Countrywide's Dip Ignites Concerns About Economy
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Lenders' prime mortgage woes likely to deepen, analysts say
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New home sales, construction drop in Houston
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Fewer Consumers Able to Sell Their Homes in June
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Housing's worst recession since '92
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Banks look to finish Kara Homes projects
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Judge OKs sale of Chicago club property
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Subprime lenders yank most popular loan type
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Existing home sales down 19 percent in Palm Beach County
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Moody's 'upgrades' subprime rout to 'serious'
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Layoffs:

U.S. goes to court to seek back pay
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Mass Torts:

Asbestos Corporation Limited: Announcement of Proposal To Creditors
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Bidders bail on Armstrong
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Debt Investors Grow Decidedly Cautious
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Autos:

A New Pileup in the Auto Sector?
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Rocky road
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Chrysler Sale to Be Completed After Banks Take Loans
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Chrysler sale is still on fast track
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Banks, Cerberus and Daimler to hold some loans in future deal
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Chrysler Throws Salt in Citigroup's Wounds
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Banks stuck with Chrysler debt
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Workers at eight Dana auto parts plants OK new contract
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Dana defends Centerbridge deal
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Dura Auction of Atwood Unit OKed
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The housing market's weakness is dimming the outlook for auto makers for July and the rest of the year
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Ford Reports a Net Profit of $750 Million for Second Quarter 2007
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Sypris deal will likely save Dana millions
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Hedge Funds:

Regulator files civil charges against Amaranth
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Amaranth Charged In Control Of Prices
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Corporate Reform:

SEC Brings Backdating Charges Against Ex-KLA Chief
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KLA Escapes Tough Backdating Penalty
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To Fight or Not to Fight?
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Economy:

Fed's Beige Book shows little change in US economic picture
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Fed survey: Economy expanding
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IMF raises global growth forecast
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Warren: Making Numbers Count
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IMF warns on credit markets volatility
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Food/Drink:

Judge Rejects Claims By Foreign Investors In Parmalat Suit
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Entertainment:

Movie Gallery Mayhem -- With shares plunging 98% in the past two years, Movie Gallery's equity carcass is nearly picked clean.
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Getting Off the Omnibus: Fair Notice of Claims Objections
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Subordination and Waiver of Claims Between Creditors in Chapter 11
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New Bankruptcy Law Benefits Trade Creditors
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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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As Bankruptcy Work Dries Up, Some Small Firms Are Hopeful
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Buyout boom seen sputtering as investors lose taste for risk
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The Garden Of Eden Or A Perfect Storm?
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Manufacturing:

Rockford Products Workers Keep Spirits Up & Product Line Running
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Painful decision may help Rockford Products survive
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Rockford Products in court today
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Health Care:

Dimensions seeks $14 million from county in court today
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Johnson's Position On Hospitals Gets Personal
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Junk social science index
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Hospital Operator Blames Bad Debt on Higher Self-Pay Balances
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Audit finds human eggs missing from defunct donor firm
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MN Cancer Center Emerges From Bankruptcy
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Tyrone partner plan fizzles
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Wall Street:

Wall Street's debt machine is sputtering
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Retailing:

Tweeter Abandons Bankruptcy Bonuses
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Religion:

Group Wants Access To SD Diocese Bankruptcy Hearings
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Claims of sexual abuse flood Davenport Diocese
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Credit Suisse Hedges Against Corporate Failures (scroll down)
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UK:

Northern Rock wrong to blame Insolvency Practitioners, says insolvency trade body
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Insolvency trade association to launch quarterly debt index
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Italy:

Parmalat Trial May Lead to Billions in Damages
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Foreign Investors Claims Dismissed In US Parmalat Suit
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Australia:

Second Australia hedge fund hit by subprime woes
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