August 5, 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:

Cadwalader: How the firm got to this unhappy pass
(DBN Subscription Required)

It's Raining Men. And Women. From Cadwalader
(DBN Subscription Required)

Firms play musical chairs as bankruptcies rise
(DBN Subscription Required)

The Paycheck Report
(DBN Subscription Required)

Court Filings Show Wilson Sonsini Paid Brocade $9.5 Million Over Backdating Claims
(DBN Subscription Required)

The Tide is Turning: the New Legal Market
(DBN Subscription Required)

Lawyer of the Day: Bob Dillinger
(DBN Subscription Required)

Former U.S. senator again surfaces in Scruggs probe
(DBN Subscription Required)

Associate's Sex Discrimination Claims Proceed Against Firm
(DBN Subscription Required)

UBS GC Resigns in Wake of Cuomo's Auction Rate Securities Filing
(DBN Subscription Required)

Attorney Can Be Sued for Negligence That Forced Client to Settle Litigation
(DBN Subscription Required)

That partner you work for isn't a 'freak show'; he has a diagnosable medical condition
(DBN Subscription Required)

"Put Me in Coach, I'm Ready to Play Today": Shot at Trials Helps Firms Add Talent
(DBN Subscription Required)

Firms Hear From Those With Offshore Accounts
(DBN Subscription Required)

Middle-Aged Male Lawyers Bad-Tempered Due to Lack of Sleep
(DBN Subscription Required)

Heller's D.C. Managing Partner Leaves for Bingham
(DBN Subscription Required)

Deloitte Poll Sees Litigation Data Panic
(DBN Subscription Required)

NY BigLaw Firm Sacks Associate for Taking Summer Associate to Strip Club
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Judges:

Top Judge's Ringing Cell Phone Disrupts Court Hearing
(DBN Subscription Required)

Justice Kennedy Hits 'Silly' Attitude of Critics, Supports Kozinski
(DBN Subscription Required)

A Primer on What Lawyers Can Say About Judges
(DBN Subscription Required)

______________

Retailing:

Boscov's Department Stores Seek Bankruptcy Protection
(DBN Subscription Required)

Reorganization will help retailer become a different store
(DBN Subscription Required)

Boscov's creditors
(DBN Subscription Required)

Loss may prove a hard blow to malls
(DBN Subscription Required)

List of 10 Boscov's stores that are closing
(DBN Subscription Required)

Lot Stores forced into Ch. 11
(DBN Subscription Required)

Steve & Barry's Said to Receive Bid from Hedge Fund
(NYT: separate free registration required)

$163M deal may give Steve & Barry's a second chance
(DBN Subscription Required)

Linens can sell nine leases
(DBN Subscription Required)

'Department stores are dinosaurs'
(DBN Subscription Required)

______________

Aviation:

How Foreign Airlines Thrive as US Founders
(DBN Subscription Required)

JetBlue to Start Charging for Pillows
(NYT: separate free registration required)

Frontier Airlines gets new financing offer
(DBN Subscription Required)

Frequent-flier miles are becoming the Zimbabwean dollars of business travel - increasingly worthless.
(DBN Subscription Required)

British Airways flies into cloudy future
(DBN Subscription Required)

LOT threatened with bankruptcy?
(DBN Subscription Required)

Air France-KLM net down 59 pct, Iberia makes loss
(DBN Subscription Required)

______________

Student Debt:

Court Eases Discharge Requirements for Student Loans
(DBN Subscription Required)

______________

Pigeons:

Help For Pigeon Owners
(DBN Subscription Required)

______________

Hedge Funds:

Carlyle decides to get out of the hedge fund business
(DBN Subscription Required)

______________

Notice:

BAE gets contract to manage bankruptcy notices
(DBN Subscription Required)

______________

Food/Drink:

Turnaround effort targets half of closed Bennigan's
(DBN Subscription Required)

Economic Storm Finally Crashes Into Supermarkets
(DBN Subscription Required)

______________

Jewelry:

Whitehall's Lawyers: Disqualifying FTI Puts Sale at Risk
(DBN Subscription Required)

______________

Hedge Funds:

Hedges Trimmed
(DBN Subscription Required)

Northern Rock scars RAB Capital profits
(DBN Subscription Required)

______________

Health Care:

DIP gives Lubbock new life
(DBN Subscription Required)

______________

Bankruptcy Reform:

Senate Judiciary Postpones Action to Exempt Reservists / Guardsmen From Bankruptcy Test
(DBN Subscription Required)

______________

 

Real Estate:

Moody's sees more severe housing downturn
(DBN Subscription Required)

Subprime Mortgage Meltdown is Just the 1st Wave
(DBN Subscription Required)

WCI Communities Files For Bankruptcy Protection
(DBN Subscription Required)

Florida builder succumbs to housing bust; Icahn says financing efforts failed
(DBN Subscription Required)

'Perfect Storm' Hits WCI - and Icahn's Wallet
(NYT: separate free registration required)

Moody's & Fitch Join S&P in Massive Alt-A RMBS Downgrade Avalanche
(DBN Subscription Required)

Asking Home Prices Fall in July, While Inventory Growth Slows
(DBN Subscription Required)

Fannie Mae, Freddie Mac to Report Losses Through End of Year
(DBN Subscription Required)

'Leveraged Bailout' Won't End Mortgage Madness
(DBN Subscription Required)

Truce Time in the Fan-Fred Wars
(WSJ: separate paid subscription required)

Fannie, Freddie Do More
(WSJ: separate paid subscription required)

At Freddie Mac, Chief Discarded Warning Signs
(NYT: separate free registration required)

On help for housing, two stark views
(DBN Subscription Required)

Fannie Mae and Freddie Mac make out like bandits
(DBN Subscription Required)

Fannie faces glut of unsold homes
(DBN Subscription Required)

At the bottom of it all, one man?
(DBN Subscription Required)

Crosswinds statement goes to vote
(DBN Subscription Required)

A battered Beazer holds on
(DBN Subscription Required)

Davis counseling LandSource
(DBN Subscription Required)

Court to appoint restructuring officers - Two developers will be in charge of LandSource reorganization
(DBN Subscription Required)

Financing for Lake Las Vegas OK'd
(DBN Subscription Required)

Police Use Foreclosed Homes for Stings
(DBN Subscription Required)

US housing market changes drastically as new help arrives
(DBN Subscription Required)

Developers challenge bankruptcy by lender
(DBN Subscription Required)

Legend Homes employees placed on furlough
(DBN Subscription Required)

Would-Be Owners Scramble to Outbid Banks, Hire New Contractors
(DBN Subscription Required)

______________

Economy:

Bernanke May Sound Tougher on Inflation to Avert Fed Rebellion
(DBN Subscription Required)

June incomes rise smallest in a year, prices up
(DBN Subscription Required)

The Pain Spreads - Job losses aren't just for bankers and builders anymore.
(DBN Subscription Required)

Worst inflation in 27 years trumps tax rebates
(DBN Subscription Required)

Consumer Spending Rose in June
(WSJ: separate paid subscription required)

US Factory Orders Rose More Than Forecast on Fuel
(DBN Subscription Required)

The Fed's flight of the doves
(DBN Subscription Required)

July planned layoffs rise 26 percent vs June
(DBN Subscription Required)

Oil Below $120
(DBN Subscription Required)

Falling oil prices: The downside
(DBN Subscription Required)

______________

Oil/Gas:

SemGroup Energy Partners protests funding plan
(DBN Subscription Required)

SemGroup MLP units stage comeback
(DBN Subscription Required)

______________

Textiles:

Quaker nears liquidation
(DBN Subscription Required)

______________

Fraud:

Kerviel's assistant handed preliminary charges
(NYT: separate free registration required)

______________

Theme Parks:

No Fun for Six Flags Amid Slump
(WSJ: separate paid subscription required)

______________

Franchises:

After a Franchisor Files for Bankruptcy
(DBN Subscription Required)

______________

Alternative Fuels:

Ethanol bankruptcy converted
(DBN Subscription Required)

______________

Hockey:

Hearing set for Ranch arena case
(DBN Subscription Required)

______________

Celebs:

Willie Aames of 'Eight is Enough' fame files for Chapter 7
(DBN Subscription Required)

______________

Personal Finance:

For many in military, finances are a battlefield
(DBN Subscription Required)

No Cushion
(DBN Subscription Required)

______________

Fitness:

Keys Fitness looks ahead
(DBN Subscription Required)

______________

Insider Compensation:

Former LeNature's CEO buys diamonds on company dime
(DBN Subscription Required)

______________

Rating Agencies:

S&P rated deal 'structured by cows' according to SEC report
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No new opinions 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)

_____________

Autos:

Yes, General Motors Needs Cash Soon, Says Citi
(DBN Subscription Required)

General Motors Canada's Employees Worry About Pension Plan's Solvency
(DBN Subscription Required)

Car leasing's fall means cost climb for consumers
(NYT: separate free registration required)

Chrysler breaks vow of silence
(DBN Subscription Required)

A year after Cerberus' takeover, Chrysler struggles to drive forward
(DBN Subscription Required)

Chrysler financial problems will spread to GM and Ford
(DBN Subscription Required)

______________

Municipalities:

Jeffco Bankruptcy Option Not Best?
(DBN Subscription Required)

No Special Session for Jeffco
(DBN Subscription Required)

______________

Banking:

Greenspan warns more banks may be bailed out
(DBN Subscription Required)

HSBC Warns of Challenges as Its Profit Drops 29%
(NYT: separate free registration required)

Societe Generale Profit Falls 63% on Debt Writedowns
(DBN Subscription Required)

Wachovia CEO says management shake-up over
(DBN Subscription Required)

Problems for Community Banks
(DBN Subscription Required)

______________

Wall Street:

US Stock Futures Gain
(DBN Subscription Required)

Last rites for Wall Street - How Bear's Restructuring Team Prepared For Its Own Bankruptcy
(DBN Subscription Required)

Merrill's Chief Defends Recent Sale
(NYT: separate free registration required)

How Merrill trampled the little guys
(DBN Subscription Required)

On Wall St., Reputation Is Fragile
(NYT: separate free registration required)

______________

Credit Cards:

Sen. Levin to Fed: More credit card rules needed
(DBN Subscription Required)

Soft Credit-Card ABS Market May Add To Consumer Credit Woes
(DBN Subscription Required)

Defaults Hurt Credit-Card Bonds
(WSJ: separate paid subscription required)

Bankrupt Profits: The Credit Industry's Business Model for Postbankruptcy Lending
(DBN Subscription Required)

______________

Finance:

A Small Business Loan from a Hedge Fund?
(DBN Subscription Required)

______________

Politics:

Obama's Emergency Economic Plan
(DBN Subscription Required)

______________

Corporate Governance:

Chancery Court Rules On Lord Black's Request for Advancement of Legal Fees
(DBN Subscription Required)

Regulation could come down hard on excessive executive pay
(DBN Subscription Required)

______________

Religion:

Dominion Ministries files for bankruptcy
(DBN Subscription Required)

Former Tucson priest gets 10 years in prison in abuse case
(DBN Subscription Required)

______________

Publishing:

Children's book publisher Playmore files for bankruptcy
(DBN Subscription Required)

______________

Ticketing:

Olympic ticket websites close down
(DBN Subscription Required)

______________

UK:

Two-fifths seeking debt help due to mortgage crunch
(DBN Subscription Required)

Quintain to Skip Dividends, Sell Assets, Cut Jobs
(DBN Subscription Required)

Northern Rock Posts Loss of 592 Million Pounds as Arrears Rise
(DBN Subscription Required)

Nationalized lender Northern Rock loses $1.2 billion
(DBN Subscription Required)

______________

New Zealand:

Court refuses to stay proceedings against Bridgecorp founder
(DBN Subscription Required)

______________

EU:

ECB, BoE expected to leave rates unchanged
(DBN Subscription Required)

______________

China:

Booming China Suddenly Worries That a Slowdown Is Taking Hold
(NYT: separate free registration required)

______________

Russia:

Former Yukos Exec Found Guilty for Contract Killings
(DBN Subscription Required)

______________

Brazil:

Brazilians Party While Loan-Shark Rates Rule
(DBN Subscription Required)

______________

Germany:

Germans get new Liechtenstein data
(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 (email inquiries are usually answered substantially more quickly than phone inquiries).