April 15, 2008

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Click Here
Prior editions: Click Here
Search prior headlines: Click Here
Search prior New Opinions: Click Here

Law:

Lawyer to lead national bankruptcy group
(DBN Subscription Required)

NY Bankruptcy Practice Chief Switches Firms
(DBN Subscription Required)

Women Law Firm Leaders Still Sparse
(DBN Subscription Required)

Beware of E-Mail Bearing O'Melveny Name
(DBN Subscription Required)

Why Is O'Melveny & Myers So 'Spicy?'
(DBN Subscription Required)

Criticizing Firm, Judge Denies Fees in Hip-Hop Bankruptcy
(DBN Subscription Required)

Bigger Benefits in Smaller Markets
(DBN Subscription Required)

McKenna's Roadmap to Partnership and Rainmaking
(DBN Subscription Required)

Clifford Chance Revs Up US Operations
(DBN Subscription Required)

Law Jobs Layoffs - The 'R' Word
(DBN Subscription Required)

Delaware Superior Court Commissioner David White Resigns to Join McCarter & English
(DBN Subscription Required)

BigLaw Firm Retools Associate Development
(DBN Subscription Required)

How To Compensate A Rainmaking/Investor "Muted" Partner?
(DBN Subscription Required)

Walter G.D. Reed Elected Managing Partner of Edwards Angell Palmer & Dodge
(DBN Subscription Required)

Attorneys' Fees Granted for "Therapeutic Disclosures"
(DBN Subscription Required)

A Path to Landing a Supreme Court Argument? Clerk for a Justice
(DBN Subscription Required)

Looking for Savings? Firms Chip at Associate Ranks, Summer Programs
(DBN Subscription Required)

Hearing scheduled in Scruggs' fee dispute
(DBN Subscription Required)

Felony Charges in Guam Dropped Against Greenberg Traurig
(DBN Subscription Required)

Guam-O-Rama! Prosecutors Drop Charges Against Greenberg Traurig
(DBN Subscription Required)

Judge Porteous defense says dissenting judges don't believe punishment fits the crime
(DBN Subscription Required)

SCOTUS Will Hear Wrongful Conviction Case
(DBN Subscription Required)

What Would a Scalia-Alito Corporation Sell?
(DBN Subscription Required)

Gibson Dunn Helps to Shape the Supreme Court
(DBN Subscription Required)

Carry Your Office in Your USB Thumb Drive
(DBN Subscription Required)

Security Concerns Stop Most Law Firms From Using iPhone
(DBN Subscription Required)

Dear John: US Senator Won't Have to Take Stand in DC Madam Trial
(DBN Subscription Required)

Rocker's Remarks Spurred O'Melveny Partner to Buy WNBA Team
(DBN Subscription Required)

Dozens of Lawyers at Custody Hearing for 416 Kids from Texas Ranch
(DBN Subscription Required)

Suit Claims Boss Waterboarded Worker as Motivational Tack
(DBN Subscription Required)

Attorney Penalized for Not Keeping Current with Court Technology
(DBN Subscription Required)

O'Melveny in for Rowling on Harry Potter copyright case
(DBN Subscription Required)

Project Law School
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Economy:

Warren: The Stimulus that Can't Stimulate
(DBN Subscription Required)

Credit hangover will last a decade, analysts predict
(DBN Subscription Required)

Fed's Warsh Sees Signs of Credit Repair
(WSJ: separate paid subscription required)

Culture Wars
(DBN Subscription Required)

Global funding pressures intensify
(DBN Subscription Required)

Congress wants to jolt economy - again
(DBN Subscription Required)

Budget Cuts Threaten Core Indicators
(DBN Subscription Required)

February U.S. business inventories rise 0.6%, in-line with estimate
(DBN Subscription Required)

U.S. Producer Prices Climb 1.1% in March
(NYT: separate free registration required)

Oil Rises to Record on Nigeria, Mexico Losses, Chinese Demand
(DBN Subscription Required)

Food Costs Rising Fastest in 17 Years
(DBN Subscription Required)

Fuel Choices, Food Crises and Finger-Pointing
(NYT: separate free registration required)

______________

Retailing:

Wave of bankruptcies in retailing causes alarm
(NYT: separate free registration required)

Retail sales slide in March as gas, food prices rise
(DBN Subscription Required)

Retail Sales Rise on Gain in Gasoline
(DBN Subscription Required)

Linen 'n Things' critical vendors need to be paid
(DBN Subscription Required)

Wilsons needs more capital by Q2
(DBN Subscription Required)

Hancock seeks exit financing OK
(DBN Subscription Required)

J&J's Rosy Results Boost Futures
(WSJ: separate paid subscription required)

False Positive for Retail Sales?
(WSJ: separate paid subscription required)

______________

Wall Street:

US Stocks Retreat
(DBN Subscription Required)

Hormones 'may fuel market crises'
(DBN Subscription Required)

Bear Stearns Reaped a Profit Before JPMorgan Takeover
(DBN Subscription Required)

Anatomy of a Merger
(NYT: separate free registration required)

Uneasy on Wall Street
(DBN Subscription Required)

Bear Stearns CEO may remain as JPMorgan rainmaker
(DBN Subscription Required)

Bear Stearns may face SEC civil charges
(DBN Subscription Required)

Bear sees a $200 mln muni loss, $88 mln write-down
(DBN Subscription Required)

Bear Reveals Plunge in Sales, Trading
(WSJ: separate paid subscription required)

______________

Bonds:

FGIC Seeks Out Investors, Considers Selling Company
(DBN Subscription Required)

Bond Insurer Ponders Its Options
(NYT: separate free registration required)

______________

Utilities:

Settlement close in gas company bankruptcy
(DBN Subscription Required)

______________

M&A:

How Bad Is It: The Going Price for Buyout Debt
(DBN Subscription Required)

______________

Corporate Reform:

Jury indicts executives of bankrupt Temecula company
(DBN Subscription Required)

Initiative Would Send Execs To Jail For Failure To Perform Legal Duty
(DBN Subscription Required)

______________

Credit Cards:

Put up or shut up for card companies
(DBN Subscription Required)

______________

Politics:

Clinton says she'd support Ford, GM bailouts
(DBN Subscription Required)

Hillary's Middle Class Hypocrisy
(DBN Subscription Required)

It's (Really) the Economy, Stupid
(DBN Subscription Required)

Franken's campaign tour to focus on middle class
(DBN Subscription Required)

McCain says USA in recession
(DBN Subscription Required)

Blames 'greedy' Wall Street
(DBN Subscription Required)

McCain to Propose Economic Reforms
(WSJ: separate paid subscription required)

Economy a Top Issue as Pennsylvanians Consider Candidates
(DBN Subscription Required)

______________

Celebs:

Texas law firm: McLain owes us $17,500
(DBN Subscription Required)

______________

 

Real Estate:

US Foreclosures Jump 57% as Homeowners Walk Away
(DBN Subscription Required)

Groups Press for More Housing Relief
(DBN Subscription Required)

Fremont to Sell Banking Ops to CapitalSource; Bankruptcy May Follow
(DBN Subscription Required)

Wachovia to scale back option ARM focus
(DBN Subscription Required)

Real Estate Agents Spent $13.7M Lobbying
(DBN Subscription Required)

Deflating housing bubble extends to Mexico
(DBN Subscription Required)

In Mexico, the building boom rages
(DBN Subscription Required)

More Americans staying out of housing market
(DBN Subscription Required)

Hundreds in AZ Valley fall into foreclosure daily
(DBN Subscription Required)

Subprime Fallout Hitting Job Market
(DBN Subscription Required)

More allegations filed against Countrywide
(DBN Subscription Required)

SunCrest developer looks to sell in June
(DBN Subscription Required)

AHM sale to Ross closes
(DBN Subscription Required)

Desperate Homeowners Look to Cast Their Mansions in Film
(DBN Subscription Required)

______________

Banking:

Wachovia's California nightmare
(DBN Subscription Required)

Wachovia's Wall of Worry
(DBN Subscription Required)

Wachovia: The Problem with Guarantees
(DBN Subscription Required)

Wachovia's California crisis: "California really is that bad"
(DBN Subscription Required)

Wachovia's Lead Director Says Board Backs Thompson
(DBN Subscription Required)

Wachovia's loss a grim sign for banks
(DBN Subscription Required)

At Wachovia, Pick-A-Pay Becomes Pick-A-Problem
(DBN Subscription Required)

Frankenstein Finance: Trying to breathe life into WaMu and Wachovia
(DBN Subscription Required)

UBS GC turned chair proposes management shake-up
(DBN Subscription Required)

Earnings Slip at U.S. Bancorp
(WSJ: separate paid subscription required)

Banking's Mean Season
(DBN Subscription Required)

Party's over for banks, warns top regulator
(DBN Subscription Required)

______________

Hedge Funds:

Bayou fund chief gets 20 years
(DBN Subscription Required)

Advisory Panels Urge Changes By Hedge Funds, Investors
(DBN Subscription Required)

______________

Environmental:

SOS repayment plan rejected by bankruptcy judge
(DBN Subscription Required)

______________

Health Care:

Bankruptcy court OKs plan for Diomed to repay loan
(DBN Subscription Required)

Bookkeeper tries to get hospital's medical records to patients
(DBN Subscription Required)

Geriatric Care Is Facing Crisis
(WSJ: separate paid subscription required)

______________

Private Equity:

Private Equity's Linens Sag
(DBN Subscription Required)

Cerberus' Recluse Lifts the Veil a Little
(NYT: separate free registration required)

______________

Horse Racing:

Judge Orders ClassicStar Liquidation
(DBN Subscription Required)

______________

Alternative Fuels:

Central Illinois Energy sale set for April 23
(DBN Subscription Required)

______________

Municipalities:

Jeffco Not Making Payment
(DBN Subscription Required)

Largest US Municipal Bankruptcy Looms in Alabama
(DBN Subscription Required)

Jeffco puts off vote on extending $53 million payment
(DBN Subscription Required)

Jefferson County Wins Bond Payment Break as State Mulls Options
(DBN Subscription Required)

Court Case Is Lost in Cauldron of Muni Market Woes
(DBN Subscription Required)

______________

Accounting:

Rites of spring no longer include annual reports
(DBN Subscription Required)

Fair Value: Like Throwing Gas on a Fire
(DBN Subscription Required)

______________

Student Debt:

Nelnet Falls As Analyst Cuts Estimates
(DBN Subscription Required)

Lenders Seek Funding for Student Loans
(DBN Subscription Required)

Squeeze hits US student loans
(DBN Subscription Required)

Sallie Mae Halts Student-Loan Consolidation
(DBN Subscription Required)

Student loan turmoil stresses families
(DBN Subscription Required)

______________

Tax:

Short of cash for taxes? Maybe you should borrow from the I.R.S.
(NYT: separate free registration required)

Tax Audits to Hit Small Biz Much Harder
(DBN Subscription Required)

______________

Mining:

Peachtree files disclosure statement
(DBN Subscription Required)

______________

Apparel:

Crocs Falls After Company Lowers Sales Forecast, Fires 600
(DBN Subscription Required)

______________

Gambling:

Deal salvages Tropicana Tahoe casino
(DBN Subscription Required)

______________

Emergency Response:

EDM creditors seek to lift stay
(DBN Subscription Required)

______________

Corporate Governance:

Court Imposes Caremark Fiduciary Duty on Corporate Officer (as compared to Director)
(DBN Subscription Required)

______________

Distressed Investing:

HRJ Capital closes $195M distressed fund-of-funds
(DBN Subscription Required)

______________

Financial Literacy:

FDIC's Money Smart Reaches One Million, Releases Young Adult Version
(DBN Subscription Required)

______________

Consumer Debt:

Increasing Consumer Debt Level Raises Bankruptcy Filings
(DBN Subscription Required)

______________

Religion:

Pope: 'Deeply Ashamed' of Scandal
(WSJ: separate paid subscription required)

______________

Corporate Governance:

Shareholder bill of rights in the works, union claims
(DBN Subscription Required)

______________

Predatory Lending:

CA payday loan bill gutted
(DBN Subscription Required)

Payday lending rate cap lands in Ohio Senate
(DBN Subscription Required)

Arkansas AG pursues payday lenders
(DBN Subscription Required)

______________

 

 

New Bankruptcy Opinions
(1 new opinion today) 

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN Subscription Required)

Recent Ch. 11 Filings
(DBN Subscription Required)

Bankruptcy Jobs:

(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11)
(DBN Subscription Required)

____________

The current crisis: From credit crunch to bankruptcy wave
(DBN Subscription Required)

Loan To Own:

Making Movies
(DBN Subscription Required)

______________

Aviation:

Delta to Join Northwest to Form World's Largest Airline
(NYT: separate free registration required)

Charting Joint Flight Path For Delta and Northwest
(WSJ: separate paid subscription required)

Obstacles remain despite agreement on merger
(DBN Subscription Required)

NWA-Delta merger draws mixed reactions
(DBN Subscription Required)

Congressmen Respond To Delta Merger
(DBN Subscription Required)

One global airline, but two distinct work cultures
(DBN Subscription Required)

NWA's email to its customers
(DBN Subscription Required)

Merger memo from Delta executives to Employees
(DBN Subscription Required)

Why Delta pilots support the merger
(DBN Subscription Required)

Comair union plans to fight Delta-Northwest merger
(DBN Subscription Required)

Bastian Still Flying High in Delta-NWA Merger
(DBN Subscription Required)

Continental and United ready if others merge
(DBN Subscription Required)

New United/Continental Deal Could Kill Delta Takeover
(DBN Subscription Required)

What's next for American Airlines
(DBN Subscription Required)

AA pilots to picket airports
(DBN Subscription Required)

Pueblo Pursues $2M After Adam Aircraft Bankruptcy
(DBN Subscription Required)

Outlook is murky for airlines, frequent flyer miles
(DBN Subscription Required)

Get ready to pay more to fly
(DBN Subscription Required)

Italians ready to invest in Alitalia-Berlusconi (DBN Subscription Required)

Asian budget carriers face challenges after Oasis collapse
(DBN Subscription Required)

Rebound seen in Frontier Airlines stock
(DBN Subscription Required)

On deck for carrier: Settle with First Data
(DBN Subscription Required)

Airline violating basic escrow rules
(DBN Subscription Required)

S&P index drops Frontier
(DBN Subscription Required)

An Insider's Look at Airline Industry Turmoil
(DBN Subscription Required)

Five Steps to Follow When Buying Airline Tickets
(DBN Subscription Required)

Lawyer says Avery suicidal as sentencing approaches
(DBN Subscription Required)

NWA, Delta merge; new airline to be named Travel With Attitude :)
(DBN Subscription Required)

Southwest Airlines Now Taking Passengers To Destinations By Shuttle Bus :)
(DBN Subscription Required)

______________

Oil/Gas:

Monitor Oil to Repay Second-Lien Lenders
(DBN Subscription Required)

Capco seeks final OK for cash use
(DBN Subscription Required)

______________

Insider Compensation:

AFL-CIO wants shareholder say on executive pay
(DBN Subscription Required)

CEO Pay Helped Fuel Subprime Crisis, AFL-CIO Says
(DBN Subscription Required)

Executive Pay: The Bottom Line for Those at the Top
(NYT: separate free registration required)

______________

Bankruptcy Crimes:

Ninth Circuit Upholds Lawyer's Conviction for Bankruptcy Fraud
(DBN Subscription Required)

______________

Fairness Opinions:

The Ha-Lo effect
(DBN Subscription Required)

______________

Newspapers:

Southtowns Citizen in bankruptcy
(DBN Subscription Required)

______________

Sovereign Debt:

US credit rating under threat
(DBN Subscription Required)

______________

UK:

Two firms hit by commercial property downturn
(DBN Subscription Required)

U.K. Housing Market Slump Becomes Worst Since at Least 1978
(DBN Subscription Required)

Brown Calls for More Bank Transparency to Quell Credit Crisis
(DBN Subscription Required)

Golden Key $1.6 billion SIV enters receivership
(DBN Subscription Required)

Darling embarrassed as Northern Rock fails to pass on rate cut
(DBN Subscription Required)

Online bankruptcies open to abuse
(DBN Subscription Required)

Erinaceous in hands of KPMG administrators
(DBN Subscription Required)

______________

Canada:

Long bankruptcy taints developer's regal image
(DBN Subscription Required)

Credential May Have `Relief Plan', Crawford Says
(DBN Subscription Required)

Canadian economy to avoid current U.S. recession
(DBN Subscription Required)

Credit union merger comes with big ABCP bill
(DBN Subscription Required)

Textile mills have seven weeks to settle debt before court intervenes
(DBN Subscription Required)

Firms balk at banks' immunity
(DBN Subscription Required)

Ottawa to pay farmers $50-million to slaughter hogs
(DBN Subscription Required)

______________

Russia:

PwC Loses 2nd Appeal on Tax Claim
(DBN Subscription Required)

Will Moscow's Real Estate Bubble Burst?
(DBN Subscription Required)

______________

China:

Some Ant Farmers Receive a 10 Percent Settlement - the Rest Nothing
(DBN Subscription Required)

______________

Spain:

Troubled Spanish property builders throw in the kitchen sink
(DBN Subscription Required)

______________

Australia:

Brokerage Collapse Involves Aussie Rogue's Gallery
(DBN Subscription Required)

From Opes to Barry Hall: the high price of the second chance
(DBN Subscription Required)

______________

Germany:

German Investor Confidence Unexpectedly Fell in April
(DBN Subscription Required)

______________

Switzerland:

Switzerland charges 2 people in connection with collapse of Italian dairy empire Parmalat
(DBN Subscription Required)

______________

 

Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.You can search the headlines from prior editions of the Daily Bankruptcy News by clicking here.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $50/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us by clicking here for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com