April 14, 2008

Daily Bankruptcy News

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Law:

Southern District of New York Bars Former Law Firm Partner Pending Misconduct Probe
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Diversity, the Billable Hour, & Other Challenges
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As U.S. Deals Dry Up, Law Firms Go Abroad; 150K Moving Bonuses
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Dewey: Closing doors
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Large Law Firms Treat Minority Attorneys Better
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How Urban Life Drives Lawyers Crazy
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For Some Associates, Work is Slow, Delayed or Nonexistent
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In Searching for New Job, Gonzales Sees No Takers
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Despite Stoneridge decision, scheme liability still in play
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Law Firms Curtail Associate Programs
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What's the Deal with Deals?
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Life Lessons From a Legal Rock Star
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NY Firms Cashed In on Lobbying at Record Pace
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Supreme Court Justices Turn to Ex-Clerks for Unusual Role
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Recession Has Firms Looking to Pickup a Few Rupees on the Side
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Top Law Schools Tighten Their Hold on NLJ 250 Firms
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Managing EDD In-House
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Attorney Allegedly Fired for Being "Too Much of a Lawyer"
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Report from Iraq: U.S. Lawyers Wanted
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Corporate Counsel Fight IRS on Key Work Product Protection Case
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Beyond the Partner Track: How to Keep Legal Talent
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Does E-Filing Spark Fear of Technology?
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Is Subprime a Boon for Attorneys?
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UK law firm first to commit to stock offering
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London's SJ Berwin Wants to Make More Friends in the United States
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Prosecution rests in Pellicano trial
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D.C. Madam Case Rough on Witnesses
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90 N.Y. Lawyers May Have Collected Millions of Dollars in 'Scam' Pensions
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Say What?!
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Lawyer marketing polluting the web
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Economy:

'Shocking' GE results show size of crisis
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Consumer Confidence Falls to 26-Year Low
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For all the pain already endured, plenty of crisis is waiting ahead
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Fewer Men Work
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G7: Top Economic Powers Endorse Plan To Avert Financial Crises
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G-7 May Have to Act Before Sustained Dollar Rebound
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Finance Ministers Emphasize Food Crisis Over Credit Crisis
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World leaders show unity as credit crisis drags on
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The safety net for big lenders
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Billionaire George Soros sees trouble where others turn a blind eye
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Slowdown tougher on debt-laden companies
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Greenspan defends oversight of economy
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The questions Greenspan didn't ask
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Bernanke in 2002 Urged Readiness to Cut Rates `Aggressively'
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The Fed Had All It Needed to Avoid Crisis
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Remembering the Great Depression
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IMF head gives food price warning
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Rising Food Prices and Public Policy
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'Hard times' push more to request food stamps
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Alternative Fuels:

Biofuels Linked to Soaring Food Prices
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Fishing:

Is Calif. salmon fishery finished?
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West Coast Cancels Salmon Fishing Season
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M&A:

Judge rejects banks' request in Clear Channel case
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Municipalities:

City of Gould Seeks Bankruptcy Protection
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4 bills ready for debate; Jeffco to vote on extension
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Alabama officials meet over Jefferson County debt
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Health Care:

Renaissance Healthcare Systems runs out of money to finish building medical center
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Diomed sets sale to AngioDynamics
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Doctors Hospital gets a new lease on life
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Natchez Regional hires new leadership
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Medicare caps put some hospice facilities in a bind
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Co-Payments for Expensive Drugs Soar
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Politics:

Foreclosure Politics
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Corporate Reform:

SEC flexing its muscle in San Diego case
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Insider Compensation:

Survey Results of CEO Compensation
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Obama Pushes Say on Pay
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Forest Products:

PALCO bankruptcy on hold
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Palco case rests without resolution
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Food/Drink:

Restaurants Feel Economic Squeeze
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Recording Industry:

Failing Labels Put Rock Band in Limbo
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Metals:

Future of Mega Shredder unknown after owners file for bankruptcy
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Cash Collateral:

Cash collateral in consumer cases
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Book Reviews:

The decline and fall of the American empire of debt
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Real Estate:

Housing bubble 'mutating into global phenomenon'
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Subprime players may get big tax break
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Negotiating with the Mortgage Company
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Taxpayers rescue mortgage lenders
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Washington Takes On the Mortgage Mess
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Bush for bailouts?
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Fannie warns homeowners who walk away
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Sinking housing market maroons homeowners
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The real estate crisis is nothing compared to our long-term debt addiction
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There's gold for some in the mortgage mess
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Foreclosure scam may have hit Napa
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Many areas are becoming ghost towns as families foreclose
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Federal program now best bet for home shoppers?
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Housing decline puts heat on CFM
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SunCrest: Sunk by 'perfect storm'?
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Fremont Forges Sale Pact
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Higley Park draws interim cash
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You Thought You Had an Equity Line
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Mortgage counseling hotline beefed up
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Aviation:

Airlines Face New Cash Challenge
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Feds finally take action in Airline Industry Bankruptcy Crises :)
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Pounded and grounded
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American Airlines to hike air fares
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Even Congress Is Starting to Hate the Airlines
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Delta, Northwest Could Unveil Merger as Early as Tuesday
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Will Delta, Northwest merger really happen this time?
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Northwest pilot leaders due to meet amid merger buzz
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Pilot unions to meet separately
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Signs of trouble ahead for Northwest, Delta
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FAA's nosedive on air safety
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Airlines skid to end of rough week
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Frontier adds to airlines' troubles
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Frontier gets bankruptcy court approval to keep flying
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Frontier: Tweaks or overhaul?
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Fronteir boss willing to make tough decisions
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Frontier Airlines, The Latest Credit Card Victim
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First Data's demand turns fears to reality
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Frontier, First Data play the blame game
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Not all's fare as airlines seek cash
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Wave of airline bankruptcies shakes industry
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Matter of Time Before More Airline Frustrations Take to the Skies
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Bush gets update on airline woes
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Beset by flight delays, excuses, passengers need a bill of rights
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ATA plan ticks off workers
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Former Aloha Employees File Lawsuit
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High oil prices drive Sun Country to cut jobs
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Scared out of the sky
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How the recession could be good for airline passengers.
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United's next hurdle: costly repairs
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Aloha clouds Honolulu airport plan
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What will scrubbed flights do to airline industry?
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Bankrupt Airlines: Four's a Crowd
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Most airlines struggle to stay solvent
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Wall Street:

It's a Long, Cold, Cashless Siege
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Goldman Strategist Says U.S. Earnings Are 'Awful'
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Stocks in Europe and Asia Decline; U.S. Index Futures Retreat
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Stock Futures Track Global Falls
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Wall Street soured
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US stocks brace for flood of earnings reports
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Billionaire sues Bear over stock purchase
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Goldman sacks more employees
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Major Indexes Fall More Than 2 Percent
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Global equity markets slide in Q1
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Corporate Reform:

IMF advisory body says time for reform has come
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Hedge Funds:

Credit Crunch Hurts Hedge Funds
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Kaupthing accuses hedge funds of 'smears'
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SEC Demands $198 Million From Hedge Fund
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Credit Crunch Hurts Hedge-Fund Stars
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Court Dismisses Involuntary Petition against Ritchie Multi-Strategy Global, L.L.C.
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Meet the world's only female activist hedge fund manager
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Don't blame market mess on hedge funds
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Autos:

American Axle Makes New Offer to UAW
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UAW rejects mediator in American Axle talks
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Veterans of GM buyouts offer tips to those facing new offer
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Delphi chairman recounts tense times with UAW
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Delphi seeks more time before bankruptcy exit
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Enron:

Battle Looms Between CRRA, Towns That Sued Over Enron Deal
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Student Debt:

College Loans Trigger New Worries
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Loans, aid unaffected by slow economy
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Fewer Options Open to Pay for Costs of College
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A Tougher Market for Student Loans
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Personal Finance:

Economic woes altering vacation plans
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Debt forced Naval officer to become call girl
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Rating Agencies:

Fitch has itch to play tough
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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)
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T-REX
Sell your bankruptcy claim to the highest bidder
Distressed Debt Auctions

When Bad News Is Good Business
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Manufacturing:

GE Stuns Investors With Profit Miss, Cut in Forecast
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GE shares fall 13%
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Lessons of GE
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GE's profit shortfall underscores credit crisis
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Tax:

IRS Corporate Tax Audits Fall
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Man renounces US citizenship during tax evasion sentencing
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Banking:

Wachovia posts surprise loss
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Citigroup and Merrill Lynch reveal fresh $15bn loss
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Citigroup faces growing pressure to cut dividend
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Citi mulling sale of its German operation
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Investors fear for US bank losses
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Bank of Nova Scotia interested in National City auction
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Banks resist push for greater cash reserves
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Deutsche Bank to Sell LBO Debt
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Banks edging closer to a subprime pass
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Mass Torts:

Congoleum Irks Insurers With Exit Plan
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Good Grace
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Retailing:

Retailers form check-out line
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Speculation Grows Over LNT Bankruptcy Protection Filing
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Apollo Struggles to Keep Debt From Sinking Linens n Things
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Linens 'n Things retains restructuring firm Conway Del Genio Gries
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Banks not bailing out retailers
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Economy's slide sends more stores into bankruptcy
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Religion:

Abuse Victims Group Plans Protest
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US Catholics seek bold papal action on sex abuse
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Archdiocese of Portland hands over deeds to 124 parishes
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Churches Tackle Worshipers' Money Management
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Scalia 'Disturbed' About Church-State Separation 'Lie'
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Art:

An Art World Casualty
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Is Street Turmoil Coloring Art Market?
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Credit Cards:

Even Credit Card Offers Are Ebbing
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Capital One Charge-Offs Rise, Delinquencies Fall
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Pensions:

Consumers increasingly take loans from retirement plans
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Accounting:

A Lender Failed. Did Its Auditor?
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Profit warnings reach seven-year high
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FASB defends fair value
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Restating: The Career Killer
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Corporate Governance:

They're angry, yes, but big investors don't blame directors for corporate credit woes
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Bankruptcy Statistics:

Idaho bankruptcy filings rise 15 percent in quarter
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Bonds:

Auction Rate Collapse Brings Bondholders 12% After-Tax Return
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Jewelry:

LID New York plans on selling its assets
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Movie Industry:

Now playing: Revenge of the Hollywood Lenders
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UK:

UK economy faces tough times as credit crunch hits big City spenders
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'Apprentice' reject faces bankruptcy
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How to sue your surveyor if the valuation is wrong
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The House of Lords hands down its decision in the HIH assets appeal
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Equifax Survey Reveals Mortgage Troubles Ahead
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Fear of closure for 4,000 estate agents
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Erinaceous falls victim to property slide
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Switzerland:

IMF cuts Swiss 2009 growth outlook to below 1 per cent
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EU:

ECB Can't Afford to Cut Rates This Year
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China:

IMF says China not immune
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China Stocks Fall Most in 11 Weeks on Interest Rates Concern
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Canada:

Union says TrentonWorks creditors' meeting crucial
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Of passion, paydays and Parmesan
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Australia:

Australia: Families hit by rising bankruptcies and home repossessions
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Iceland:

Iceland's fire
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