April 10, 2008

Daily Bankruptcy News

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Law:

As Deals Plummet, Law Firms Focus on New Opportunities
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Is part-time the new full-time?
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Trump, Claiming He Has "Ph.D. in Legal Fees," Dukes it Out With Lawyers
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Sonnenschein: Portnoy's Complaints
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Endless Summer? Not at Pillsbury (And start dates possibly pushed back for first-years, too.)
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Legal Careers: Two Views, Both Bad
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Merger Watch
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At Trial, Hollywood Power Broker Says He Wanted Only Information
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Balancing Act: Weighing Work-Life Commitments
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OMM Retirement Deal Sends Partner to Manatt
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Bush Lawyers Seek the Next Soft Landing
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Law Firm Competitive Intelligence
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Chief Marketing Officers Are Dropping Off at Some Law Firms
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Legal Writing Prof Wins Pulitzer
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Fla. SC probing unusual judicial ethics charge
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Clifford Chance Launches New Women's Network
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Say What?!
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A Guide for Plaintiffs' Attorneys . . . or Defendants' List of Places To Avoid
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Consultants:

Co-heads of Jefferies & Co.'s restructuring practice defecting
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Judges:

Are bankruptcy judges unconstitutional?
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Economy:

Fed Weighs Options As Credit Crunch Lingers
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Recession Is On
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Economy is in recession, Bloomberg economist survey says
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Another Great Depression?
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IMF predicts 'mild recession' in US
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2009 won't be much better than 2008, says IMF
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IMF Urges Stronger US, Europe Response to Slowdown
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As credit turmoil grows, US heads for recession
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IMF warns of the dangers of global recession
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Dollar withers as IMF projects US recession
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Treasury's McCormick says IMF growth projections 'unduly pessimistic'
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Oil reaches $112 for the first time
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Soros puts subprime loss at over $1 trln
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Dollar Within Cent of Record Low Against Euro on Rate Outlook
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Dear Mr. Greenspan: You played a part in this mess
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Wholesale Inventories Jumped in February
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Inflation Is Set to Reach Decade High
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Wall Street:

Trustee Targets Investment Banks; Will His Suit Spark Others?
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Wednesday's Financial Winners & Losers
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US Rep Raises Concerns About Discount Window Abuses, Banks Borrowing To Issue Dividends?
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Goldman's hard-to-value assets rose in 1st qtr
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Taking The Credit Crunch Private
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US stock futures lower on commodity price fears
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Futures Slip Ahead of Retail Sales
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Bear Stearns Lawsuit Stayed
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Horse Racing:

ClassicStar bankruptcy change sought
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NYRA to seek another hearing postponement
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Video Rentals:

Movie Gallery sees exiting bankruptcy in 2nd-quarter
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Religion:

Bankruptcy: one year later
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Resorts:

Yellowstone Club on Brink of Bankruptcy, Edra Blixseth Says
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Bankruptcy Crimes:

Erwin Chemerinsky - The legal scholar talks about his quest to free Stephen Yagman and what it means to be a truly educated lawyer
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Distressed Investing:

Marathon races to buy distressed assets
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30 second guide to distressed debt
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Insider Compensation:

Trustee Balks at Wellman Bonus Plan
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Trucking:

Truckers Announce Fuel Boycott
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Gambling:

Owner of Terrible's Casino wrestles with financial woes
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Student Debt:

Fitch May Cut First Marblehead Ratings
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First Marblehead and the media blame game
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Borrowers warned against loan implications
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Food/Drink:

Jays' creditors vacate 2004 motion
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Discharge:

Duke players ask court to OK pursuit of lawsuit against Nifong
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Private Equity:

Apollo Set for Liftoff
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Paper:

Xerium buys some time
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Tax:

Small Businesses Fight To Scuttle Tax Proposals
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Report Finds Two Kinds of Tax Fraud Have Spread
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Lost money on a stock fraud? No tax loss for you!
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Effort to End Private Tax Collection Renewed
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Newspapers:

The Future of Newspapers
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Alternative Fuels:

Ethanol plant sale will extend to summer
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Mining:

Asarco again is given Ch. 11 plan extension
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Hedge Funds:

HSBC Lures Hedge Fund Clients Away From Prime Brokers
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Citi Sued for Hedge Fund Fraud
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Bear funds sue bank, auditor
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Real Estate:

Bush, House jockey over foreclosure fix
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Bush Mortgage-Insurance Plan Faces Fight
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McConnell tries to cover Bush's tracks
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Tax Credits, FHA Expansion, Loans Among Myriad Proposed Housing Fixes
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President Bush wants lenders to waive tenth of unpaid sum on 100,000 home loans
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White House Offers New Housing Plan
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U.S. office vacancies up as leasing ebbs
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Bush And Barney Together On FHA Plan? Maybe, But Not Sure It Helps
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Mortgage Assistance Plan Impact Doubted
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Counseling needed piece of housing fix
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Delinquencies Rising
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S&P cut likely won't slow mortgages
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NovaStar pays fired CEO $1.34 mln
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Subprime Lender's Failure Sparks Lawsuit Against Wall Street Banks
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First Magnus forgets personnel files
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Third Way for FHA
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FHA Expands Mortgage Insurance to Troubled Borrowers
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Subprime is 'Collective Bankruptcy" - OECD Head
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Six Facing Charges in Massive Mortgage Fraud Scheme
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Aviation:

Fuel Costs Just Part of Airlines' List of Woes
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NWA, Delta Could Share Atlantic Routes
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Northwest, pilots settle bankruptcy grievance claim
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Delta Asks Union to Drop Part Of Contract to Boost Deal Prospects
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Delta, Northwest flying into labor troubles?
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For Pilots, Dreams Run Into Reality
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NWA merger now hinges on vote by Delta pilots
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My Big Fat Airline Merger
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Delta working with pilots to make NW merger work
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JetBlue chairman Neeleman to leave company
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ATA Airlines' bankruptcy drives up Phoenix-Hawaii fares
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Aloha Air Cargo and Trade Association Meeting
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Aloha Cancels Some Cargo Flights for Second Day
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Aloha union lawyer says buyer will emerge
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Demise of Rivals Boosts Hawaiian Air
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Mesa flying on empty while Congress opens review of isle air mess
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American Cancels More Flights
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American Cancels 1,000 Flights in New Sign of Trouble
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American Airlines cancels 900 more flights Thursday
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New Delays Loom as F.A.A. Expands Airliner Review
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Aviation Experts Say Aging US Planes Are Crippling Airlines
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Repairs strand many at airports
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The American Airlines Debacle
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American's flight attendants want to be paid for cancellations
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Flight Cancellations Spread
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What can passengers of bankrupt Skybus do now?
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Skybus Customers Seeking Refunds Put Strain on Banks
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Attorney general considers whether to prosecute Skybus
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Skybus Founder says he can save the airline
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Mementos of a failure
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Silverjet Says It's in Takeover Talks; Shares Jump
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Court approves Adam Aircraft sale
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Crash landing for Oasis Airlines
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Asian Carrier Shuts Down, Stranding Thousands
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Italy says Air France still Alitalia's only hope
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Alitalia, Unions To Meet Thursday
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Alitalia Has Cash for 'Very Short Term'
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Retailing:

Low forecast hurts Bed Bath & Beyond shares
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Sports:

MHSAA plans Chapter 11 bankruptcy filing and appeal to 'assure' its future
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Municipalities:

No watchdogs for Jefferson County
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Jefferson County commissioners vow to fight state control in case of bankruptcy
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Jefferson County Advisers Meet US Officials as Crisis Looms
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White House, Congress briefed on Jefferson County financial crisis
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Yee shouldn't have pledged support before seeing the deal
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Tech:

Solidus wins extension
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Autos:

Dire economy tests Detroit 3
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Delphi may ask court to enforce investment plan
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Delphi's emergence debt ratings withdrawn
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Investor interested in Delphi despite pulling out of deal
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Ex-Blues boss to oversee VEBA, designed to protect against bankruptcy
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Guggenheim Willing to Finance Competitive Bidders in Diamond Sale
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UAW makes pitch to end 45-day American Axle walkout
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Bellwright banks on lender
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Asian auto suppliers eye US companies
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Forgitron attracts PE buyers
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Construction:

Ann-Lee heads to auction
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Health Care:

NJ Weighs Closing Some Hospitals
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Tapestry suspends Nasdaq trading
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Obesity more costly to U.S. companies than smoking, alcoholism
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Magazines:

Latin gets bidder for magazine
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Politics:

John McCain admits having failing grades in Economics 101
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Obama's economic advisers: forward-looking, largely untested
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Debt Collection:

Class Accuses Citibank Of RICO Abuses
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Insurance:

Subprime liability claims could reach $4B: Fitch
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S&P cuts U.S. mortgage insurers, housing outlook dims
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Furniture:

Collezione can tap cash
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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)
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T-REX
Sell your bankruptcy claim to the highest bidder
Distressed Debt Auctions

Bankruptcy Statistics:

Economic Woes Continue Business Bankruptcy Surge
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Bankruptcy Reform:

GOP, bankers oppose relief proposal
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Middle Class:

Those in middle feeling squeezed
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Financial Literacy:

Why Johnny Keeps Getting Ripped Off
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High school seniors get 'F' in finance
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Derivatives:

Counterparty Credit Risk In The Post-Bear Stearns World
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Benefits of the Fed Doing Reverse MBS Swaps
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Credit Default Swaps: Derivative Disaster Du Jour
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Telecoms:

MVNO epidemic continues
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Personal Finance:

Fewer employees convinced they can retire comfortably
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Accounting:

CFO pay down last year, but top performers still fared well
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Restatements up, but fraud rarely the cause, Treasury finds
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Seventh Circuit holds that Arthur Andersen is not entitled to insurance coverage for lawsuits brought by retirees seeking to enforce pension benefit rights
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Grant Thornton ready to follow in KPMG's footsteps
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Office Equipment:

Danka to sell U.S. ops
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Fraud:

Ameriprise Settles N.H. Case Over Forged Customer Signatures
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Banking:

Once belittled by Wall Street, small Missouri bank a big hit now
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Washington Mutual spurned J.P. Morgan buyout offer
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Elder Debt:

Elderly Victims Of Subprime
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Forest Products:

Lawyers scrutinize MRC in PALCO bankruptcy
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Mendocino Redwood on the stand in Palco case
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Transcripts from Schwarzenegger's Eureka visit
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Mass Torts:

Congoleum objections hit deadline
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$412 Million in Attorney Fees Awarded to Plaintiffs Lawyers in Fen-Phen Litigation
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Grace asbestos agreement should be approved
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D.C. Lawyers in the W.R. Grace Settlement
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Corporate Governance:

LLC Not Subject to Corporate Governance Standards of Corporations
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Utilities:

NC Power dismiss motion continued
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Metals:

SIM declares Chapter 11
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Agriculture:

Grain elevator shut down
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UK:

Bank of England Cuts Key Rate
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UK and world facing the biggest financial shock since the Great Depression
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U.K. consumer confidence plunges to 4-year low as home prices fall
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IMF makes a mockery of Darling's optimistic forecast
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Darling rebuffs IMF over downgraded growth prediction
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IVA or Bankruptcy? IVA.co.uk Debt Debate Weighs Up Insolvency Options
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One-click bankruptcy sparks concern
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Club boss warns he could go bankrupt
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Image conscious Brits ignore credit crisis and take on more debt to appear wealthier to peers
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India:

IMF lowers India`s growth forecast
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Middle East:

Middle East sees strong growth amid record oil prices, IMF says
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Asia:

Asia shows resilience in face of global economic slowdown, IMF says
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Canada:

US slowdown sinking Canada's economy too
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Wanted - legal eagles specializing in bankruptcy
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Canadian Cattlemen ask Ottawa for $50 million
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Quebecor World battles bankruptcy with new contract wins
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New-car sales soar but dealers' profits plunge
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Bankruptcy compounds swine industry gloom
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EU:

ECB, Wary of Inflation, Won't Cut Until September, Survey Shows
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Italy:

Parmalat to Hold Meeting on Dividends; Stock Jumps
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Australia:

HIH's Assets in UK Will Go to Australian Creditors
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Hungary:

Insolvencies, business closures surge in Hungary in first quarter
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Singapore:

Jade Tech under CAD probe, Aussie to track down assets
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Japan:

Japan May Decline First Time in Six Years
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Romania:

Bankruptcies in Romania up 35 percent in 2007
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