November 8, 2007

Daily Bankruptcy News

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Law:

What Would You Do?
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Lawyers, Students Report on Unrest in Pakistan
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Clifford Chance Joins the N.Y. Bonus Wars
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Hermes Sargent Bates Launches Bankruptcy Practice Areas
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Star performers report growth above 20 per cent
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Bonus Watch: Cadwalader's Number-Free Bonus Memo
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Bonus Watch: Weil Announces Special Bonuses
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Bonus Watch: White & Case Matches
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Credit Slump Gonna Mean Layoffs?
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BigLaw Firm Votes to Drop Mandatory Retirement
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ABA Ethics Opinion Approves Collaborative Law
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Let the holiday law party games begin
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UK firms defy credit crunch with double-digit growth
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Rebuked Large Firm Attorneys Fight Sanctions
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US Firm Continues UK Hiring Push
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Filtering Responsive Data in EDD
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Supreme Court Argument Report: An Arbitration 'Case of the Century'?
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Why Another Law School?
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9 Steps to Rein In Outside Counsel Costs
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US Firm Continues UK Hiring Push
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In a Perfect Firm
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The Cute Beatle Caught Making Moves on NY Lawyer's Wife
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Executed Man's Wife Sues Judge Who Closed Courthouse Door
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Weirdest Case? You Be the Judge
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Lovells tinkers with lockstep again
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Attorney-Client Communications Stored on Employer's E-mail Server Not Protected by A/C Privilege
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Say What?!
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Real Estate:

Cuomo Subpoenas Two Of The Nation's Largest Home Mortgage Lenders
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Cuomo To Issue Subpoenas To Freddie Mac,Fannie Mae
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NovaStar sells mortgage servicing rights for $155M
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Congress Lags The Markets On Mortgage Mess
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The Injustice of "Doing Something" about Subprime
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First Magnus Capital requests dismissal of lawsuit
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Inside the Broken Heart of a Mortgage Lender
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US House panel endorses home appraisal standards
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AIG Profit Falls 27 Percent on Mortgage-Linked Losses
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AHM accused of providing faulty mortgage data
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Toll Brothers Revenue Falls as Demand for Homes Drops
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The Real Deal on the Homebuilders
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SEC investigating Merrill subprime portfolio
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Foreclosure scam triggers plea
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Congress Should Adopt Mortgage Modification Bill Now
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Economy:

Productivity Surges by 4.9 Percent Rate
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Will the Credit Crunch Steal Christmas?
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With $100 oil in sight, traders talk $110
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Utilities:

Calpine Lenders Want Extra $50.4M
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Bankrupt Calpine sees $3.7 billion profit
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Electrical Services:

American Capital Holding Short-Circuits
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Aviation:

Airlines mulling merger options
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Jerry Grinstein unpacks his bags
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Banking:

Washington Mutual: Things Are Worse
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Uncertain future sinks Washington Mutual shares
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WaMu: Continuing Investigation Into NY Atty General Claims
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Politics, not finances, might rescue Citigroup
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Can Citi Regroup?
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Brazilian Police Hold Credit Suisse, UBS Employees
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Conservative bankers? Surely you jest!
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Wall Street:

Markets Jolted as Oil Surges and Economic Worries Grow
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Markets plunge on near-$100 oil, a record-low dollar, and billions in distressed debt
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Morgan Stanley sees $2.5 billion subprime profit hit
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Morgan Stanley: $3.7B subprime mortgage writedown
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US Stocks Drop on Mortgage Probe, Slumping Dollar; GM Falls
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Wall Street's Doubters Growing
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Autos:

GM's revival shaky
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Ford beats expectations with loss
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Remy Receives DIP Facility Approval
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Firm controlled by Wilbur Ross acquires ex-Collins & Aikman plant
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Can Wagoner Outlast GM's Loss?
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Toyota profit up 11% despite U.S. market woes
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Food/Drink:

Interstate's post-bankruptcy financing OK'd
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Twinkies baker opens door to bids
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Mass Torts:

Judge to OK Federal-Mogul's Chapter 11 Exit Plan
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Congoleum Corporation Reports Third Quarter Results
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Asbestos Doc, Now a Defendant, Is Missing
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Hedge Funds:

Hedge Funds Have Best Month in Over Two Years
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How Fred Hilmer threw $341,000 over the hedge
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Debt Collection:

Collection Agencies Mistakenly Harass 'Debt-Free' Man
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What Is Zombie Debt And Why Is It A Problem?
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Corporate Reform:

Victories, Defeats and Casualties of War on Corporate Fraud
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Enforcement on Backdating Cools Off
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Ex-Legal Chief Claims Samsung Had Bribe Fund for Prosecutors
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Investing:

Investment company's Ch. 11 bankruptcy in question
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Paper:

NexBank Lead Bidder for Marcal Assets
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Marcal auction ahead?
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Fraud:

Pair suspected in $300M MI Ponzi scam
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Jersey pol in $40M NY Ponzi bust
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Toys:

Lionel, rival train maker chug toward deal
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Horse Racing:

Plan May Split Control of NY Tracks
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New Bankruptcy Opinions
(1 new opinion 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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Bankruptcy Verite - Are Reorg Recoveries Higher Than Liquidation Recoveries?
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Bankruptcy Reform:

Banks fight home loan bankruptcy bill
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Bankruptcy Law Backfires on Banks as Foreclosures Offset Gains
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Does Mortgage Crisis Have its Roots in Bankruptcy Reform?
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Credit Cards:

Visa, American Express in $2.1 bln settlement
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Health Care:

Objections filed in Pharmed bankruptcy sale
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New owner takes control of Greater Southeast Community Hospital
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Klinger Center closes in bankruptcy filing
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New lease on life for Barnert
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Layoffs loom with defeat of hospitals sale
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Voters block hospital sale
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Struggling Hospital's New Owner Pledges A Healthier Future
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Layoffs:

Facility Closures and Layoff Announcements (Nov. 4-10)
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Accounting:

FAS 157 Could Cause Huge Write-Offs
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Politics:

Obama makes 'dream' pitch to middle class
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Tax:

Grassley would restrict companies' use of non-economic tax shelters
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Wesley Snipes Wants Change Of Venue In Tax-Fraud Case
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Global corporate default rate continues decline, says Moody's
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UK:

Bank of England Keeps Key Rate Unchanged at 5.75%
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Credit crunch hits jobs
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Financial regulator 'asleep on the job' as debt strikes
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National Debt at Record $9 Trillion
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Freedom Leisure could be facing bankruptcy
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Write-off fears wipe £1.8bn from value of RBS
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Ex-wife takes landmark test case to Court of Appeal following the bankruptcy of her husband
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Japan:

Nova faces liquidation after sale
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English teachers feel abandoned after Japanese giant collapses
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Japanese Stocks Drop as Dollar Tumbles, Subprime Losses Widen
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Australia:

$20m owed by failed financier
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ASIC takes legal action for Westpoint investors
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Russia:

Court to examine Yukos bankruptcy procedure completion on Nov. 12
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Canada:

Thow receiving threats, his lawyer says
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Italy:

Parmalat denies report of banks settlement
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Asia:

Slowdown in U.S. consumer spending may bring 'subprime crisis' to Asia-Pacific
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