October 30, 2007

Daily Bankruptcy News

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Law:

Cravath to Give Associates Special Bonus Plus Year-End Bonus
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Let BigLaw's Associate Bonus Season Begin
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Mayer Brown names new bankruptcy partner (scroll down)
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Going to Heller in a Handbasket? (Part 3)
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The Joys of BigLaw?
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In-House Salaries Boosted by Veteran Bonuses, Rookie Raises
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Slowdown Watch: Thacher Proffit & Wood
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Privilege Claim Can't Derail Irell Malpractice Case
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Client's E-Mails to His BigLaw Lawyers Not Privileged Because Sent Over Business E-Mail System Which Policy Said Could Be Monitored
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Chancellor William B. Chandler III, Baby Uh-Huh
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Why M&A Deals Are Like Sex and If You'll Be Getting Any
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Autumn Without the Harvest: Deal Pipeline Drying Up
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Business Life in the Law Firm--Trends and Issues
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Diversity: Exit Strategies
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Top Students Hold Law Firm Trump Cards
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Taking New Area of Litigation One Plaintiff Suit at a Time
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Complaints Against 'Select Attorneys' Whitewashed, N.Y. Lawsuit Alleges
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Lawyers to Share $12 Million in Fees in BAR/BRI Antitrust Case
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Lerach Pleads Guilty in Class Action Kickback Case
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Justices to Hear Exxon's Challenge to Punitive Damages
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Exxon Punis Case: Who's Psyched, and Who's Not
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The judge's 'shut up' heard round the Street
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Much Shelist makes a case for small, independent firms
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Judge, accuser in same building
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Mayer Brown promotes a bumper crop to partner
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Say What?!
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The Nutty Professor: A Commemorative Graphic
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Economy:

Merrill Lynch Comments On The Current U.S. Economy's Striking Similarities To The Late 1980s
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Fed to cut rates to manage risks, analysts say
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Fed's next move? Degree of uncertainty is high
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Gross predicts a 3.5% fed funds rate
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Caterpillar Recession Warning Dismissed by Executives
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Real Estate:

Paulson Says U.S. Hasn't 'Hit Bottom Yet in Housing'
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Top CEOs: Worst Isn't Over
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Many questions arise in wake of builder's bankruptcy announcement
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Bankruptcy lag hangs up builder's customers
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You Can't Get There From Here
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Fitch Puts $23.9 Billion Of AAA-Rated CDOs On Watch For Downgrade
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Laid-Off Countrywide Home Loan Workers File Class Action
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From the Subprime to the Ridiculous
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More troubles for loan seekers
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Construction Firm's Bankruptcy Is a Lesson For Businesses
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Foxtons selling NJ listings
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Double-digit California home price drop seen
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Banking:

UBS loss more than expected
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No quick way out, warns UBS
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Subprime crisis affects banks worldwide
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Autos:

Former ASC design chief sued
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Dana agrees to pay $2 million in axle case
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Delphi files changes
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Ford may change some plant closure plans
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Ford, union poised for talks finale
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At Chrysler, Home Depot Still Lingers
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Aviation:

Post-Bankruptcy, Northwest Swings To 3Q Profit
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Kitty Hawk, Inc. to Cease Scheduled Network Air and Ground Operations
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Cessna buys assets of Columbia
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Union's pilot ready to fight American Airlines
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Health Care:

Pharmed Group files for Chapter 11 bankruptcy
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Westwood official fights for hospital
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Suit filed by defunct company over 'egg-sharing'
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Many companies are tightening up on health benefits
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Enron:

Bear Stearns to pay $1 mln in Enron settlement
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Bear Stearns Gets Off Quite Light In Latest Enron Settlement
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Wall Street:

Bear Stearns Cuts About 2 Pct of Staff
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Merrill Said to Face More Writedowns
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Merrill Lynch Revival on Hold
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Wall St.'s Expanding Universe
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The Search for a Chief Who Can Unite Merrill Lynch
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Rodriguez Not Greedy by Standard of Wall St.
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Food/Drink:

Winn-Dixie Starving to Escape Bankruptcy's Shadow
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Viansa files plan for bankruptcy
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Rare $3M diamond focus of LeNature's fight
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Celebrity:

Michael Jackson to go bankrupt?
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New Felony Coercion Charges Filed in O.J. Simpson Case
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Credit Cards:

The $915B bomb in consumers' wallets
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Charge-offs headed north, hitting 4.81% in September to a new record for this year. This is the fourth consecutive month that credit card charge-offs have increased.
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Barclays becomes major credit card player
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Top Card Issuers' Charge-Offs Rise 19% in Q3
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Politics:

Wall Street, Hill clash
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Exemptions:

Concealed Assets and Exemptions
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Student Debt:

Elizabeth Wurtzel: All Grown Up Now
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Mass Torts:

Dana Corp. reaches settlement on 7,500 asbestos-related claims
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Grace, six ex-officials get appeal rehearing
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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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Judges:

Sheppard Mullin Partner Takes Unconventional Path to Bankruptcy Bench
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Corporate Reform:

Supreme Court hears another case on the limits of liability as now-defunct commodity brokers seek redress from big futures exchange
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Trillium, Syre to pay fines in SEC settlement
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Awards:

2007 Recipient Named For Lawrence P. King Award for Excellence in Bankruptcy
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Hedge Funds:

Bear hedge fund investors seek control
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Pols Take Aim at Hedge Funds With Tax Bill
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Hedge fund tax bill is 'nowhere close'
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UK Regulator Criticizes Hedge Funds
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Movies:

Creditors protest Movie Gallery plan
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Mining:

Asarco Allegations Sent to TCEQ
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Southern Copper, workers reach wage agreement
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Funeral Industry:

Swindle to Die For
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Personal Finance:

The greatest financial fears: health care costs, inadequate retirement savings, an IRS audit, and credit card debt
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UK:

U.K. Home Prices, Loans Fall, Signaling Cooling Boom
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Rise and fall of Reuben Singh
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Canada:

Pope & Talbot files bankruptcy in Canada
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Harmac jobs on shaky ground
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Pricewaterhouse to oversee Pope bankruptcy
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Textile companies look at filing for bankruptcy
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Thow claims 'another story' in downfall
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Japan:

Japan's MUFG expects subprime losses to rise six-fold
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School's closure in Japan exposes tough times for foreign teachers
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Nova crash adds to 'eikaiwa' wage woes
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IP Mobile Files for Bankruptcy Protection
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Bank of Japan not expected to raise rates until early '08
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Cayman Islands:

U.S. Courts Again Address The Recognition Of Cayman Mutual Fund Insolvency Proceedings
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Korea:

Bank Loans to Weak Firms Surge
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EU:

Euro Falls as Credit-Market Losses Erode European Bank Earnings
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