October 17, 2007

Daily Bankruptcy News

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Law:

An Out-of-Town JD Hips NY Lawyers on Living the Good Life
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Cash Caste System: Firm Offers Associates Choice of Pay and Hours Levels
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Layoff Watch: Kirkland & Ellis (Chicago)
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At Firms With 'No Jerks' Rules, Abusive Attorneys Need Not Apply
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Thelen, It Rhymes With 'Wheelin'
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E-Discovery Looks Like Risky Business
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Lawyers Less Depressed Than Many?
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Weil Loses Top Executive to Rival
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Litigation Against Major Companies Flagging
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Survey Highlights E-Discovery Issues
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Diversity Efforts Fail Because the Underlying System Is Broken
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You Can Be Comfortable Or You Can Be...
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Why Did Bruce Hyman Do It?
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After Not-Guilty Pleas, Lawyers May Part Ways
(NYT: separate free registration required)

An Interesting Peek Into a Lawyer's Withdrawal From a Case
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Underdog Catcher
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Houston law firm to open L.A. office
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Spears Booked on Two Hit-and-Run Charges
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Britney to have her soul 'cleansed'
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It's tempting, but the Magic Circle is unlikely to go public
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A Lawyer Bride Sues Her Florist
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Hydrangea-gate and Little Miss Party Pants
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American Lawbreaking
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Big Legal Bill for Anna Nicole Smith's Baby
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Law Student Arrested in Shooting Incident
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Wherein Judge Milian Dispels the Stereotype of the Feisty Latina
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Closing the Courtroom
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Lawyers in and out of Love
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Banking:

Paulson Plans to Review Off-Balance Sheet Bank Units
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A Fiendishly Ingenious Confidence Scheme
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Bank of America, J.P. Morgan, Wachovia cut profits due to mortgage loan losses
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Super Conduit to the rescue!
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A crucial catch in the banks' 'super fund'
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Banks' Safety Net for Lenders May Have Holes in It
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Credit Crunch Rattles Citigroup Model
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Citigroup Acknowledges Poor Risk Management
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Aviation:

Delta's sales highest ever
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Fuel Worries Drag on Airlines
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Delta CEO Would Consider Merger
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Is NWA merger on horizon?
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Airline trims flights as merger stalls
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Are US airlines destined to disappoint?
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Hedge Funds:

Huizenga family renews fight against hedge fund
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Hedge Fund Managers Braced For Lower Fees
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Barnert buyout faces $35M hurdle
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Health Care:

Life 'Is Harder Now' -- Mind If I Question the Timing?
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St. Barnabas explores Pascack deal
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$2M needed to keep Kessler's doors open
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Feds cover pension plans at 3 ailing hospitals
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Sage Memorial Hospital Projects Breakeven For FY2007
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Credit Cards:

Lenders Sharpen Their Fangs
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Subprime loans, credit cards are costly combo
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Card Industry Under Increased Scrutiny
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U.S. households will receive about 5.3 billion credit card solicitations during 2007
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Mass Torts:

Baucus praises Senate for passing bill banning asbestos use
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Law lords to rule on asbestos-related test case
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An asbestos expert's Beaumont background
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Autos:

Chrysler deal meets some sharp resistance
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Delphi sells unit for $106 million
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Palm Bay Chevrolet files Chapter 11
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State Task Force Offers Help to Former Champion Workers
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Geneva Finance seeks debenture repayment freeze
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9 objections reported to Dana bankruptcy plan
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Economy:

Consumer prices rose 0.3% in September while costs excluding food and energy advanced 0.2%, conforming to Fed expectations. Home builders slowed groundbreakings to the weakest pace in 14 years
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Paulson warns of damage to come
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Paulson's Call for Change
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Paulson Credit Push Earns Jeers From Free-Marketers
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Most CFOs say the Fed's half-point rate cut was the right tonic, but see recession as a real threat
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Silicon Valley Start-Ups Awash in Dollars, Again
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Five Fed Banks Opposed Half-Point Discount-Rate Cut
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Foreigners sold record amount of US assets in August
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What Do Brazil, Mexico, Russia and the USA Have in Common?
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Real Estate:

Subprime Lending's Culture of Risk
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Help homeowners, Paulson tells industry
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Homebuilder outlook falls to record low
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More price drops, more layoffs
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Mortgage bankers see tough times continuing for residential markets
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As Defaults Rise, Washington Worries
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Why Subprime May Be a Winner
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"Housing Decline Is Still Unfolding," Paulson Says
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Paulson has "no interest" in speculator bailout
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Stupid Is As Stupid Does
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First Magnus Files Chapter 11 Plan
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Thornburg Mortgage loss tops $1 billion
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NovaStar Sells Servicing Unit
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NovaStar's sale of servicing rights could bring large job cuts
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Southern Calif. home sales plunge 30 pct in Sept
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D.R. Horton hit by housing slump as orders fall to lowest in almost six years
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Countrywide Says Restructuring May Cost $150 Million
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Frank urges corporate executives to join with Washington to curb income gap
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REP R.I.P.
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Houston home sales show biggest decline for years
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Missold loans are blow for US builders
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Mortgage Originations Expected to Plunge
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Wall Street:

Bear Stearns Rises After China Citic Discloses Bid for Stake
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Asian Stocks Decline on U.S. Subprime Concern; India Slides
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Asset Protection:

Protecting Your Assets in Case You're Sued
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Cash Management:

Sentinel month's income $23 million, trustee says
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Layoffs:

Boston Scientific planning thousands of layoffs
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Politics:

The wooing of the middle class
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Bankruptcy Reform:

Bankruptcy Business as Usual Despite BAPCPA Speed Bump
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What I Hate Most About the New Bankruptcy Law
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Bankruptcy In Florida: Chapter 7 Two Years After The Reform
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Missed Opportunity: Education Courses Not Targeted to Bankruptcy Filers
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Committees:

Membership Has Its Privileges, Or Does It?
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Cautious on Huron Consulting Group Due to Lack of Volume
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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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Investors Brace for Bankruptcy Surge
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Utilities:

What's a little consolidation among friends?
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Accounting:

Accounting board resets inspection priorities, cuts workload
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Deloitte delivers record 15.5% global growth
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Are off-balance sheet disclosures still inadequate?
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Big Four increase share of fee income
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Corporate Reform:

After five years, cost is the bane of Sarbanes-Oxley
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Cisco Execs Arrested for Tax Evasion
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The sky's no limit for CEO perks
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The U.S. is probing prominent American food companies for possible fraud and corruption in the military's Iraq supply operations
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Refco:

Refco trusts sue insiders including ex-CEO
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Theme Parks:

Battle for Wild West rides heating up
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Ownership of rides key to their fate
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Sale of Cypress Gardens Completed
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Forest Products:

Pope & Talbot gets extension
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PALCO plan opposers speak up
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Publishing:

Despite objections, 'If I Did It' is doing it
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Vegas columnist, sued for libel, declares bankruptcy
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Insurance:

Ritchie Funds Win More Time to File Bankruptcy Liquidation Plan
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Movie Industry:

Movie Gallery's first-lien debt rating cut to 'D'
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Movie Gallery gets OK on "first day" bankruptcy motions
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Bankruptcy Filing Includes Agreement With Sopris
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Post-Travelers Decisions Continue The Debate Regarding The Allowability Of Unsecured Creditors' Claims For Postpetition Attorneys' Fees
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UK:

Banks accused of credit card con
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Debt warning as bankruptcy levels rocket
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1m use plastic to pay mortgage
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Are property receivers rubbing their hands in glee?
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Fraud costs double for UK
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Sweden:

Ericsson Shocks With Profit Warning
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Russia:

Rosneft Q2 net soars to 7.655 bln usd from 1.077 bln on Yukos auctions
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Canada:

Skeena Commercial Paper Holders Get Their Money Back
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India:

Sub-prime bomb ticking in India
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Croatia:

Causes of Bankruptcy in Europe and Croatia
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Spain:

Madrid court orders seizure of 1.832bn euros from Afinsa directors
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South Africa:

Misuse Of The Liquidation Process
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