April 29, 2008

Daily Bankruptcy News

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Law:

Associate Advice from the Corner Office
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Paul Hastings Deals With Aftermath of Murder-Suicide
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Bonus Watch: Sullivan & Cromwell's Super-Special Bonuses
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Squire Sanders On Board For Eos
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Students from Top Law Schools Go to Top Law Firms
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Vinson & Elkins Bolsters New York, Global Offices
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Best law firm website
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Worried Partners Secretly Seek Business Development Help
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The Progress of Women Lawyers at Big Firms: Steadied or Simply Studied?,
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Big Firms Often Pay Bar Exam Costs, Sometimes Pay Signing Bonuses
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Davis Polk elects first London partner to management team
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Mistrial Rejected in Pellicano Case
(NYT: separate free registration required)

Ex-Lord partners start practice
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Scalia Hits Media Circuit to Promote Book
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Hot Doc Found at Law Firm in $8.4M Detroit Settlement Flap
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Indy law firm eyes merger with Cincy practice
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Looking to Move Up, Partners Are Getting Rainmaking Advice on the Down-Low
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Latest BigLaw Defections Doom Troubled Office
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MoFo in the OC, RIP
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Canadian lawyers predict additional hiring in the next 12 months
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Ave Maria! Unable to Raise Cash, Law School Scraps New Building Plan
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Paralegal charged in LA for unauthorized bankruptcy legal services
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Lawyer & Client Jailed in Bizarre Scheme to Defraud Attorneys
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E-Mails Show More Abramoff Links to Ex-DOJ Staffers; Probe Continues
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Making Your Case: The Art of Persuading Judges
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Private practice laid groundwork for legal thrillers
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Say What?!
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Judges:

Disgraced Former Judge: 'I Cried. Who Wouldn't?'
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Judge of the Day: Jesse Harris
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Aviation:

United Evaluates Its Merger Options
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United Pilots: Tilton's 'Greed' Has Gone On Long Enough
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United Airline's poor decisions
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US Airways soars on upgrade, possible merger talks
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United, US Airways May Give It Another Go
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United, US Airways in 'very advanced' combo talks
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US Airways-United link: Survival or doomed wedlock?
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Deal could mean cutbacks, headquarters location change
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US Air might not be as good a fit for UAL
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Frontier and First Data Corp.
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Pilot Union Approves Continental Merger Decision
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Decision took 2 board meetings
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Continental may go the alliance route
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United could divert from merger plans - Spurned airline also investigating alliances
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American Airlines Workers Say Fool Us Once, Shame On You...
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Aloha Pilots To Learn Strike Fate
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Aloha Airlines shuts down cargo operations
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Hawaii loses 85% of air cargo capability
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Unclear how cargo void will be filled
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Aloha Cargo customers left scrambling
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Neighbor Isle firms worried about impact
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Fees and more travel fees
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6 Ways Airline Mergers Will Affect Travelers
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It's hard to see pluses in airline merger
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Grounding Airline Mergers
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Why Airline Mergers Don't Fly
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Airlines Address Long Waits -- Sort Of
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Analysts braced for BA profit warning
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Eos bad news for business-class carriers
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Silverjet shrugs off failure of Eos
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How much is ExpressJet really worth?
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Ocean Airlines Sinks
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Newspapers:

Newspaper Weekday Circulation Falls 3.6%, ABC Reports
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NYT loses 9% of Sunday circulation
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Banking:

Carlyle Sees Opportunities In Financial Institutions
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How big is the capital hole at the banks?
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S&P sees increased chance of U.S. bank downgrades
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Troubled Citigroup Seeks a Solution
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Federal Home Loan Bank loans to members hit record high in first quarter
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Big bank woes just beginning, Morgan Stanley analysts say
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The binge culture of banking must be changed
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Swiss bank UBS to cut 8,000 jobs
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Royal Bank May Take C$4.2 Billion in Writedowns
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Deutsche Bank, Allianz take fresh write-downs
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Subprime-hit German bank IKB posts 965 bln euro first half loss
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Deutsche Bank Says It Had First Loss in Five Years
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Telecoms:

Verso Technologies files for bankruptcy protection
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Mass Torts:

Federal District Court Reverses Bankruptcy Court Ruling Allowing Appointment of "Special Insurance Counsel"
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Real Estate:

US Foreclosure Filings Double in First Quarter, Led by Nevada
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Foreclosures spike 112%, with no end in sight
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Bank of America to modify home loans
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Countrywide loses $893 million in 1Q on rising loss reserve
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Millions Have Serious Difficulties Paying Mortgage Bills
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Housing relief efforts slow as pace of foreclosures rise
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Percentage of vacant U.S. homes for sale sets record
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Mortgage industry takes steps to fight regulation
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Senate Hearing Focuses on Mortgage Lenders
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Abandoned homes reflect a crisis
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Fifty Ways To Leave Your Lender
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The Other America: Not Walking Away
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Thornburg Mortgage says faces US SEC probe
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Half of homes for sale in North Santa Barbara County are former foreclosures
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Anti-Blight Plan Passes CA Senate
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CA Senate OKs foreclosure heads-up for homeowners
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Developer Empire Land files for bankruptcy protection
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Historic DIP to fund Empire Land
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Foreclosure refugees head for O.C. apartments, Landlords reluctant
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People are just walking away from their homes in Central Florida
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Loving Loan Workouts
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Barclays North: the decline of a real estate powerhouse
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DenMark to sell assets
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Arrow seeks Chapter 7 switch
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Goodbye, Cheap Oil. So Long, Suburbia?
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Desire for the Best Schools Helped Create Mortgage Mess?
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Preying on those who can't pay
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More Than 200 Liens Filed Against Regency Homes
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Couple Loses Suit Claiming Realtor Let Them Overpay for Home
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Autos:

Ford Circles the Wagons
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Kerkorian's Bet on Ford
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Will Kerkorian ultimately sting Mullaly?
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A Kerkorian scenario: Loosening Ford family's grip
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Kerkorian may be looking for quick profit in offer for Ford stake
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Heee's baaack
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Wall Street Analysts Are Upbeat On Kerkorian's Stake in Ford
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General Motors May Post Loss as Kerkorian Signals Ford Support
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GM to Reduce 2008 Production by 138000 Pickups, SUVs
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For GM, April is the cruelest month
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UAW: No GM role in Axle talks
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BMW's profit hit by financial crisis, weak dollar
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Auto Dealer Facing Bankruptcy
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UAW seeks severance
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UAW extends strike deadline at Mansfield plant
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Ghosn Gets Candid - "the U.S. auto market is not going to be great again"
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Daimler's Profit Slips Despite Solid Sales
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Centrix plan approved
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Ford Credit Charge-offs Nearly Double
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Wall Street:

Futures in the Red; All Eyes on the Fed
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Stocks sputter out ahead of Fed meeting
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JPMorgan could complete Bear deal by May 29
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Financial Literacy:

Financial Literacy 101
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Financial Literacy Goes to Capitol Hill
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Insurance:

Hartford's Profit Plunges 83% on Investment Losses
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Bankruptcy Rules:

BAPCPA Guru Cathy Vance Untangles the Purpose and Application (So Far) of New Bankruptcy Rule 6003
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Utilities:

Judge orders $2.3 million payment by Akron Thermal
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Municipalities:

Bond Plan Uses Police HQ, Fire Stations For Collateral
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AZ bill extends power to put districts in receivership
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Electronics:

SonicBlue creditors get a choice
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Celebs:

$30 Million Wrongful-Death Judgment Against Bankrupt Robert Blake Cut
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Tax:

Corporate Tax Audits Rise 4%
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Corporate Reform:

SEC recommends options lawsuit vs Pixar ex-CFO
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Movie Industry:

Hollywood may not be able to handle hard times
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Software:

Trial starts today in SCO lawsuit
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Jewelry:

OTC seeks DIP loan
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Student Debt:

Student Loans, and the Housing Crisis
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New Bankruptcy Opinions
(2 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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Bankruptcy Reform:

Waiting (Too Long) for Relief
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Awards:

Congrats to Professor Warren! - What do B.B. King, Justice John Paul Stevens, University of Illinois chancellor Richard Herman, and Elizabeth Warren have in common?
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Economy:

US Begins Sending Out Tax Rebates
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One Guy Who Has Seen It All Doesn't Like What He Sees Now
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Small-Business Confidence Still Sliding
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Some Measures Of Inflation Angst Ease As Fed Seen In Control
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The case against rate cuts
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The Fed may not cut rates
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Bond investors bet on rate hikes as inflation looms
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Fed board to discuss paying interest on reserves
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Bernanke May Have to Follow Volcker to Avoid Being Tagged Burns
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Former Fed Official Calls Bear Stearns Loan `Worst Decision'
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OPEC says oil could hit $200; Cartel's president blames weak dollar
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Oil in 2012: $200 or $50?
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Gas could go to $10/gal
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We're 10 Years Away from Lowering Gas Prices
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Where is your gas money going?
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Record oil prices drive Shell 1Q profits up 25 percent
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Oil Price Rise Fails to Open Tap
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Carlyle exec sees only US economy woes this year
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Economic threats to overseas operations are companies' biggest concern, survey shows
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Credit Cards:

A Credit-Card Crackdown
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Visa Profit Surges in First Public Quarter
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Restructuring payments can hurt credit score
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Rating Agencies:

S&P delivers blow to CDOs
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Motorcycles:

IronHorse names stalking horse
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Health Care:

Natchez Regional nearing a long-term plan
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Adams forced to vacate hospital
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Corzine, hospitals to meet on funding cuts; closings feared
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"Cash before chemo..."--Two arguments for health reform
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Horse Racing:

NYRA's bankruptcy plan confirmed
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Judge to consider Jockeys' plan
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Accounting:

Arthur Andersen Loses $25 Million in Insurance Coverage
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What's Wrong with Subprime Accounting?
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Finance:

Taking Finance Seriously: How Debt Financing Distorts Bidding Outcomes in Corporate Takeovers,
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Finance Company Receivables Grew 6% in February
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Adult Entertainment:

Scores West's sale may go dry
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Oil/Gas:

Oil Execs Of Bankrupt Company Accused Of Inside Trading
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M&A:

Big M&A deals abound as markets diverge
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Consultants:

Daniel L. Galante Joins Alvarez & Marsal Transaction Advisory Group as a Managing Director and National Practice Leader
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UK:

Young Britons 'blinging' into debt
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Millions 'financially deceived' by banks, insurers and advisers
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House prices to fall by a quarter
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Housing gloom: the silver lining
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House price inflation hits 'negative'
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UK April retail sales weakest since Nov. 2005
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'Road to ruin' fears over £5 petrol
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Eurotunnel launches $1.43 billion rights issue
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EU:

EU cuts growth forecast as inflation rises
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Europeans See Inflation Penalizing The Poorest
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Canada:

Tax cheats hit hard with fines, jail
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Japan:

Subprime sinks Mizuno Securities to US$4B loss
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Australia:

ANZ broke law on Opes - Panel
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China:

ICBC Profit Rises 77% to 33.1 Billion Yuan on Lending
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Hong Kong March retail sales up 20 pct yr-on-yr by value
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