February 11, 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:

Latham Leads Strong Year in LA, Could Surpass Skadden
(DBN Subscription Required)

Skadden, Latham punch through $2bn barrier
(DBN Subscription Required)

Latham & Watkins, Gunning for the Top?
(DBN Subscription Required)

Cleary reveals steady 2007 growth
(DBN Subscription Required)

Lerach Says Payoffs Were Widespread
(DBN Subscription Required)

Bill Lerach, Giver of Cookies and Cars, to be Sentenced Today
(DBN Subscription Required)

Amigos de Lerach: Nader, Ben Stein ... Clinton?
(DBN Subscription Required)

Class actions feel effects of Milberg case
(DBN Subscription Required)

Rise in legal costs slows; big biz gains upper hand
(DBN Subscription Required)

The O'Melveny & Myers 'Witch Hunt'
(DBN Subscription Required)

So What's Up With MoFo in the OC?
(DBN Subscription Required)

Skadden Kills Blog's 'Hot Associate' Contest
(DBN Subscription Required)

It's Not About "Integration"
(DBN Subscription Required)

Firm introduces three associate grades
(DBN Subscription Required)

Law firms follow money in credit mess
(DBN Subscription Required)

New BigLaw Perk for Struggling Associates: Career Counselor
(DBN Subscription Required)

Assault Rap for Rough Handshake
(DBN Subscription Required)

Suit Against James Brown's Lawyers and Greenberg Traurig as Wild as Singer's Life
(DBN Subscription Required)

Legal-aid firm swindled poor, suit alleges
(DBN Subscription Required)

Sheppard Mullin Adds 10 to Real Estate Practice
(DBN Subscription Required)

Howrey's Hop from DC Suburbs to India
(DBN Subscription Required)

Are In-House Counsel Ready to Embrace Social Networking Sites?
(DBN Subscription Required)

DOJ to Boost Billables for the Street's Outside Counsel
(DBN Subscription Required)

New niche for e-discovery: special masters
(DBN Subscription Required)

Allen & Overy Claims Pole Position in 2007 Debt Capital Markets Tables
(DBN Subscription Required)

Reintroducing. . . L'Affaire Pellicano!
(DBN Subscription Required)

$4.1 Million Fees Award Upheld in Class Action, Less Than Defendant Counsel Fees
(DBN Subscription Required)

Small Law Firm Thrives as Real Estate Market Swoons
(DBN Subscription Required)

Slumping Dollar Pumps Up Some BigLaw Paychecks
(DBN Subscription Required)

Cocaine and Lies Could End BigLaw Partner's Career
(DBN Subscription Required)

Why are TV Lawyers Ethically Challenged? That's Hollywood
(DBN Subscription Required)

______________

Tax:

The Bag of Tricks Is Almost Empty
(NYT: separate free registration required)

______________

Wall Street:

Recession Hint Sends Fri. Stocks Down Sharply
(NYT: separate free registration required)

US Stock Futures Little Changed
(DBN Subscription Required)

U.K. Stocks Fall
(DBN Subscription Required)

German Stocks Drop
(DBN Subscription Required)

World stocks fall
(DBN Subscription Required)

Earnings forecasts suffer amid economic upheaval
(DBN Subscription Required)

Unusual perks: Goldman Sachs covers sex changes
(DBN Subscription Required)

______________

Aviation:

Delta flight attendants look to unionize
(DBN Subscription Required)

Delta, Northwest Discuss Future
(WSJ: separate paid subscription required)

Jet charter hit with bankruptcy suit
(DBN Subscription Required)

NWA pilots won't be rushed into merger deal
(DBN Subscription Required)

Delta, Northwest May Merge, Create Biggest Airline
(DBN Subscription Required)

______________

Banking:

Warren: The Future of Bank Fees
(DBN Subscription Required)

Credit Suisse Topples UBS as it Dodges 'Suprime Bullet'
(DBN Subscription Required)

Bottom Fishers Nibble at Banks, Brokers
(DBN Subscription Required)

SocGen Hunt Hits Dead End
(WSJ: separate paid subscription required)

Societe Generale Plans Offer to Raise EU5.5 Billion
(DBN Subscription Required)

Societe Generale profits plunge to 947 million euros
(DBN Subscription Required)

SocGen woes mean rich pickings for bankers and taxman
(DBN Subscription Required)

BofA Gets Wells Notice
(WSJ: separate paid subscription required)

Banks insist they won't blink on leveraged loan pricing
(DBN Subscription Required)

Loan Losses May Spur Writedowns
(DBN Subscription Required)

______________

Credit Reporting:

FICO: Don't blame us for mortgage mess
(DBN Subscription Required)

______________

Religion:

St. Anthony's to provide $1M towards bankruptcy settlement
(DBN Subscription Required)

St. Mary's to pay $650K in diocese sex abuse settlement
(DBN Subscription Required)

Clergy abuse victims to get more money
(DBN Subscription Required)

______________

Celebs:

Buyers Tour Pearlman Home Before It Goes To Auction
(DBN Subscription Required)

Kerry 30 days from bankruptcy
(DBN Subscription Required)

______________

Education:

Helicopter students say they've been scammed
(DBN Subscription Required)

Flight school's withdrawal fees disputed
(DBN Subscription Required)

New College of California Is on Deathbed
(DBN Subscription Required)

______________

Health Care:

Haven Sites Attract Interest
(DBN Subscription Required)

Nursing Home Finance Check
(DBN Subscription Required)

Two Cities, Two Besieged Hospitals, Two Startlingly Different Results
(NYT: separate free registration required)

In Communities Losing Hospitals, Rising Voices
(NYT: separate free registration required)

Sun Care air ambulance out of service
(DBN Subscription Required)

Insider: National Century investors didn't get full disclosure
(DBN Subscription Required)

Hospital coverage ignored cost comparisons, bankruptcy effect
(DBN Subscription Required)

______________

Bonds:

A surge of interest in below-investment-grade bonds bodes well for an economic recovery
(DBN Subscription Required)

______________

 

Real Estate:

SEC Eyes Disclosure In Subprime Probes
(NYT: separate free registration required)

Countrywide Financial, Acorn reach US subprime agreement
(DBN Subscription Required)

Look who's reneging on a condo deal
(NYT: separate free registration required)
?"

Year of "denial" in US subprime crisis
(DBN Subscription Required)

Weyerhaeuser Swings to Loss on Housing
(NYT: separate free registration required)

NovaStar gets waiver from Wachovia
(DBN Subscription Required)

Court OKs TOUSA Plan
(DBN Subscription Required)

Expect Florida to lag in housing turnaround
(DBN Subscription Required)

Builder's trial starts Monday
(DBN Subscription Required)

National City Execs Allegedly Dumped Shares
(DBN Subscription Required)

Housing crisis leaves many in the dust
(DBN Subscription Required)

Neither a subprime nor duped borrower be
(DBN Subscription Required)

Homebuyers Say 'Homecomings' Cheats
(DBN Subscription Required)

______________

Economy:

Recession Would Work in Democrats' Favor
(NYT: separate free registration required)

Credit Woes May Widen
(WSJ: separate paid subscription required)

A repeat of the Great Depression is unlikely
(DBN Subscription Required)

IMF sees sharp U.S. slowdown
(DBN Subscription Required)

With problems spreading from Wall Street to Main Street, America's credit crisis will get worse before it gets better
(DBN Subscription Required)

Global Finance Leaders Warn of Risk From U.S. Housing Woe
(NYT: separate free registration required)

Anxious time ahead for markets as G7 hints at worsening global gloom
(DBN Subscription Required)

G7 Meeting: Slower Growth, $400 B Subprime Loss
(DBN Subscription Required)

Economists say recession now an even bet
(DBN Subscription Required)

Now, Feed the Data to the Subprimeoscope
(NYT: separate free registration required)

RBC consumer confidence index drops to lowest level since 2002
(DBN Subscription Required)

______________

Resorts:

Bankruptcy Trustee's Suit Naming Former Queen Mary Chief Acknowledges Possible Defense In Alleged Transfers To "Leisure Horizons"
(DBN Subscription Required)

______________

Bankruptcy Statistics:

TN: Bankruptcy petitions jump 21 percent
(DBN Subscription Required)

IN: Region bankruptcies up 25 percent
(DBN Subscription Required)

______________

Mining:

Copper company Asarco granted bankruptcy extension
(DBN Subscription Required)

No examiner for Asarco
(DBN Subscription Required)

______________

Forest Products:

Redwood wrangle - It may be a new day for logging
(DBN Subscription Required)

______________

Utilities:

US Energy Systems to settle with former CEO
(DBN Subscription Required)

______________

M&A:

Buyout firms frozen by debt crisis
(DBN Subscription Required)

______________

Photography:

Polaroid brings down the shutters on iconic film
(DBN Subscription Required)

______________

Student Debt:

Ex-Decker students' loans may be forgiven
(DBN Subscription Required)

______________

Bankruptcy Crimes:

Man gets 4 years in bankruptcy fraud
(DBN Subscription Required)

______________

Corporate Governance:

For exiting CEOs, a soft landing
(DBN Subscription Required)

______________

Horse Racing:

New York franchise deal still not finalized
(DBN Subscription Required)

______________

Fraud:

Are banks to blame for the Kerviels of the world?
(DBN Subscription Required)

Theory Gains That Trader Had a Helper
(NYT: separate free registration required)

Messages Show Details of French Trader's Actions
(NYT: separate free registration required)

Detroit accounting firm played role in Ponzi scheme, suit claims
(DBN Subscription Required)

______________

Museums:

Heritage Museum seeks way out of financial woes
(DBN Subscription Required)

______________

Hedge Funds:

Down market will test hedge funds
(DBN Subscription Required)

Hedge funds put up shutters to weather storm
(DBN Subscription Required)

Court Orders Hedge Fund Frauds to Pay $3.1M+
(DBN Subscription Required)

_____________

Food/Drink:

Sweet Traditions sales approved
(DBN Subscription Required)

______________

Finance:

Price plummet seen halving commercial loan-backed issuance
(DBN Subscription Required)

______________

Consumer Bankruptcy:

The Ninth Circuit BAP Has Ruled No More Ride Thru
(DBN Subscription Required)

______________

Glass:

Westshore looks to secured lenders
(DBN Subscription Required)

______________

Credit Cards:

Bankruptcy Judge OKs Solidus Sale of 3 Units
(DBN Subscription Required)

Princeton wins cash extension
(DBN Subscription Required)

Is Bank of America blindsiding cardholders?
(DBN Subscription Required)

Credit-Card Pinch Leads to Pullback in Spending
(DBN Subscription Required)

Debt Relief Can Cause Headaches of Its Own
(NYT: separate free registration required)

Americans accustomed to cheap and easy money -- and an economy geared to their free-spending ways -- face a harsh new reality as banks raise rates and lower ceilings on credit cards
(DBN Subscription Required)

U.S. Spending Monitor recorded its third consecutive monthly decline
(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)

_____________

Bankruptcy Reform:

A subprime fix to bank on
(DBN Subscription Required)

______________

Autos:

Auto economist sees limited drop in 2008 sales
(DBN Subscription Required)

Auto dealers' economist predicts 2008 US sales drop, late rebound
(DBN Subscription Required)

Chrysler Lays Out Radical Turnaround Plan
(WSJ: separate paid subscription required)

Chrysler to talk to dealers on cuts soon
(DBN Subscription Required)

Dealers top priority for automakers
(DBN Subscription Required)

Chrysler faces tough road to success
(DBN Subscription Required)

Chrysler banks on revived product line to push dealer consolidation
(DBN Subscription Required)

Chrysler Is Talking to Others About Using Their Cars
(DBN Subscription Required)

Chrysler not viable as stand-alone company
(DBN Subscription Required)

Chrysler's expects no further job cuts amid restructuring
(DBN Subscription Required)

Chrysler dealers endorse latest restructuring move
(DBN Subscription Required)

Analysts see clouds for Chrysler
(DBN Subscription Required)

Manchester Inc. Seeks Protection of Chapter 11 of the Bankruptcy Code
(DBN Subscription Required)

Johnson Rubber wins DIP
(DBN Subscription Required)

Trading sparse as Dana's stock back on NYSE
(DBN Subscription Required)

Plastech: What Comes Next?
(DBN Subscription Required)

Plastech not the only troubled supplier
(DBN Subscription Required)

______________

Recording Industry:

Dr. Dre Seeking Death Row Documents
(DBN Subscription Required)

______________

Chemicals:

Solutia Lawsuit Set for Feb. 21 Trial
(DBN Subscription Required)

Citi, Goldman, Deutsche do not accept 'trick' claim
(DBN Subscription Required)

______________

Ratings Agencies:

Tiny Firm Gives Ratings Giants Worry
(WSJ: separate paid subscription required)

Embattled rating agencies float changes in voodoo they do
(DBN Subscription Required)

Peril ahead as raters scrutinized
(DBN Subscription Required)

______________

Corporate Reform:

Cox insists no slowdown at SEC in '08
(DBN Subscription Required)

U.S. Atty. Wants Information from SEC's Merrill Lynch Probe
(DBN Subscription Required)

SEC Settles With Calif. Lawyer Over Opinion Letter
(DBN Subscription Required)

Cox puts subprime, CDOs on SEC's 2008 agenda
(DBN Subscription Required)

______________

Financial Literacy:

Bankruptcy clerk working to create solvency course
(DBN Subscription Required)

______________

Credit Counseling:

Warren: Profit Possibilities
(DBN Subscription Required)

Beware of Debt Counselors With High Fees
(WSJ: separate paid subscription required)

______________

Personal Finance:

Employees who have financial worries can add to workplace stress
(DBN Subscription Required)

12 ways to recession-proof your life
(DBN Subscription Required)

______________

Accounting:

Bristol-Myers squibbed by auction rate bonds
(DBN Subscription Required)

Tax strategies may lose federal imprimatur
(DBN Subscription Required)

______________

Judges:

Police allege bankruptcy judge was driving drunk
(DBN Subscription Required)

______________

Retailing:

Fortunoff must keep its own identity to thrive
(DBN Subscription Required)

Sale of Retailer Hits Legal Snag
(NYT: separate free registration required)

_____________

UK:

Firms expect domestic orders drop
(DBN Subscription Required)

£10m Lotto winner has spent it all
(DBN Subscription Required)

Alarm at rush to bankrupt council tax debtors
(DBN Subscription Required)

Should we be worried if Sir Richard Branson wins Northern Rock?
(DBN Subscription Required)

Debt counselor seeks sympathy for borrowers from Rock bidders
(DBN Subscription Required)

10m 'may default on debt by end of year'
(DBN Subscription Required)

UK Dec trade deficit improves slightly
(DBN Subscription Required)

Banks won't scramble to follow Egg's lead
(DBN Subscription Required)

Firm to take on banks after Dorsey litigation hires
(DBN Subscription Required)

______________

Canada:

Lundstrom's bankruptcy 'like a death'
(DBN Subscription Required)

US Housing Crunch Hits Hard On Canadian Lumber Towns
(DBN Subscription Required)

Underwriters await outcome of BCE suit
(DBN Subscription Required)

______________

China:

China legislates on bankruptcy in banks
(DBN Subscription Required)

______________

Ireland:

Cork shellfish company applies for bankruptcy
(DBN Subscription Required)

______________

Germany:

Fears of more sub-prime losses at German bank IKB
(DBN Subscription Required)

IKB stock tumbles after report it needs another $2.9 billion
(DBN Subscription Required)

Germany's Steinbrueck sees subprime write-downs reaching 400 bln USD
(DBN Subscription Required)

______________

Australia:

Fortress falls on forced asset sales
(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