February 18, 2008

Daily Bankruptcy News

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Law:

Dechert Pushes Profits Per Partner Over $2 Million
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DLA Piper Becomes Third Law Firm to Report $2B-Plus Revenues
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$2.4M in Profits Per Partner Could Bring 3 More U.K. Law Firms into Top 10
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Linklaters: first Manhattan...
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DLA, Mayer Brown slow down in 2007
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Paul, Hastings: The Fourth 'Big Three' Firm?
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Sound of the First Year Workin' on the . . . Doc Review Gang
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Top First-Year Pay Has Hit Ceiling
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Life's tough for BigLaw associates
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Perk Watch: Mayer Brown Matches
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Privilege threat to global firms
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Protecting the Attorney-Client Privilege in Corporate Families
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Lawyer Who 'Worked' 1,286 Days in a Year: 'Common Practice'
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Pay Raise Watch: NY to 190? Only in Your Dreams...
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Bilked Investor Balks at Paul Hastings' Deal
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Another Justice to Step Down in Massey Energy Case
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One Former Bill Lerach Law Firm Scarcely Misses a Step
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Wolf Block Still Keeping Its Eyes on the Merger Prize
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Big-Law Associates Facing 2008 Salary Cap
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Vast Legal-Aid Fraud Laid to Two Brothers
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Are TV Shows to Blame for Distrust of Lawyers?
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Federal Case Law Just Wants to Be Free
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Controversial Texas DA Resigns, Saying Prescription Drugs Impaired His Judgment
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General Counsel Aren't Dodging a Bullet Anymore
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Judges Misled by Their Intuition
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Lawyer's penalty too light for some
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Chicago Legal Legend, at 100, Roasted in Mock Trial
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ABA Approves Bar Pass Standards for Accreditation
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A Lawyer's Former Life on the Links
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Lawyer's Childhood Beatle Encounter Results in Oscar Nomination
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Suitcase-Holding Beauty Is a Lawyer
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Solos Have the Advantage of Nontraditional Office Space
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Say What?!
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The Fine Points of Technology for Marketing Law Firms
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Bankruptcy Reform:

Seeking protection
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Congress Craves Cramdowns
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Banking:

Subprime crisis affects banks worldwide
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ANZ Bank Says Provisions Will Eliminate Profit Growth
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Qatar Buys Credit Suisse Shares
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Another $200 billion in bank write-downs possible, says UBS
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Gulf lenders prepare for US subprime writedowns
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Central banks take fewer risks
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Community banks weathering the subprime storm
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Wachovia Cheats, Customers Say
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Personal Finance:

Meet "The Money Lady"
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Broke? Blame your primitive brain
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Autos:

GM, UAW move ahead in brave new world
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How far will GM buyout cash stretch?
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Insourcing doesn't shake suppliers
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Plastech contract to be decided Tuesday
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Chrysler to extend Plastech contract
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Chrysler CEO could teach GM a few tricks
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Blackhawk Auto seeks to sell assets
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Magna has shot at Chrysler plastics work
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UAW chief wants Plastech to survive, be stronger
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Minority suppliers face peril
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Auto delinquencies reach 10-year high
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Palm Beach demands Manchester trustee
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Health Care:

9 Examples Of How Health Care In America Can Be Improved
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No orders to defraud investors, National Century witnesses testify
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Link to Coniglio could hurt hospital
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Medical City Lancaster officially closed down
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bscription Required)

Financing Boob Jobs, Facelifts, Braces, Root Canals, LASIK, oh, and Artificial Insemination
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Software:

SCO rises from the ashes
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SCO: taken over, slightly richer, but still on its way out
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Stephen Norris moves on Unix maker
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Aviation:

AA Pilots Seeking to End Impasse
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Big Sky Airlines employees try to keep flying
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Big Sky may be pawn within airline's parent company
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Kitty Hawk says it will try to reorganize
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Delta, Northwest merger could be announced this week
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Politicians want to query Delta-Northwest on possible merger
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United pilots want payback
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Airline industry makeup needs to change, Bethune says
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Taiwan Carrier Seeks Court Protection
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$203M consumer settlement in airline price-fixing case
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Derivatives:

Arcane Market Is Next to Face Big Credit Test
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AIG's losses show swaps next domino
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Judges:

Judge to retire after arrest incident
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When Judge Roberta goes a-courting
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Male Judge + DWI + Little Black Dress + Fishnets = Judge of the Day
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Plastics:

Arkansas company may buy Victor Plastics
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Tech:

Eneco awaits DIP ruling
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Real Estate:

Housing Starts May Hold Near 16-Year Low
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A Lifeline That Falls Short
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Do the Math on Recession and Foreclosures
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Foreclosures' grim rise reverses fortunes in city
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No Lull in Mortgage Pitches
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A family's struggle against great debt
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Vt. foreclosures jump 23 percent
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Sell first, litigate later
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State can do little to help with loan-service woes
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Fighting mortgage disservice
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Creditor plan approved for First Magnus
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Wachovia gives NovaStar another waiver
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Loss carryback provision shows up in housing bill
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As mortgage market tumbles, ad spending by lenders persists
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Challenge Questions GM Building
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Reckoning for a real estate mogul
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Trade group squeezes Fannie & Freddie
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New Century loses IRS fight
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Market Woes Are Palpable at Builders' Trade Show
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Latest turn in credit crisis spurred by defaults among non-subprime borrowers
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Some homeless squat in foreclosed houses
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Getting rid of empty cubes
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Foreclosures rising as share of sold homes in hard-hit cities, hurting prices
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Wall Street:

Wall Street Braces for More Volatility
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European Stocks Rise, Led by Credit Suisse; Asian Shares Fall
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Bank shares rise on dividend talk and Northern Rock
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Ignore the whiners of Wall Street
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Bear makes uphill run on buyout rumors
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Economy:

Depression risk might force U.S. to buy assets
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Consumer confidence plummets to lowest level in 15 years
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Hard times heighten long-felt unease
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Currency:

Dollar Trades Near Two-Week Low Versus Euro Before Housing Data
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Bonds:

A Split-Up of Insurers of Bonds Is Considered
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Bond Insurer Split May Trigger Litigation, Bank of America Says
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Ambac in Talks to Split Itself Up
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FGIC says it plans to split in two
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FGIC plans to ringfence municipal cover
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FGIC plan could disadvantage some policy holders
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FGIC's breakup: saving Main Street at the expense of Wall Street
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Auction-rate securities suffer total insecurity
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Buffett role similar to one Morgan once played
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Bond insurers involved in subprime market need a shake-up
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Insurers face probe into exposure risks
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Regulator in crisis talks to save bond insurers
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Fraud:

SocGen trader faced earlier inquiry
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Jerome Kerviel's Employment
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Refco boss admits fraud charges
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Investment broker gets nearly four years in prison for fraud
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Taco Bell Franchise Owner Headed to Prison
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Fraud that may have begun in Windsor
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Ponzi suits name Troy firm
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Predatory Lending:

Payday loan's hook a sinker
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Debt Collection:

Debts that won't die
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GenCon Files for Chapter 11 Bankruptcy Protection
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Retailing:

Lillian Vernon lays off half of work force, could file for bankruptcy
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Mining:

El Paso, Asarco Battle in Ch 11 Court
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Food/Drink:

Wornick files Chapter 11 bankruptcy, reorganization plan
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Wornick wins DIP
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Accounting:

A New Vision for Accounting
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FASB makeover bid gets cool reception
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Sports:

McGee's former financial planner files for bankruptcy during lawsuit
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Latest Roger Clemens Twist: McNamee's Lawyer Says Bush Could Pardon Pitcher
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Irrigation:

ETwater wins disclosure statement
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Fitness:

Getting ripped off at the gym?
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History:

Swinging Sixties: When the Boom Turned to Bust in Miami Beach
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Telecoms:

Investor contests Blue Frog Ch. 11
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Student Debt:

Student suspension may affect thousands
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Sales:

When Do Rights of First Refusal Constitute an Unenforceable Restriction on Assignment in Bankruptcy?
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Religion:

Diocese statement called 'misleading'
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More sex abuse allegations against Spokane Diocese boys' ranch
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Credit Cards:

Credit cards loosely tied to Fed rate cuts
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Credit Crisis Oozes Into Retail Sector
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New Bankruptcy Opinions
(1 new opinion 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

Exit Financing:

Crunch makes Chapter 11 book harder to close
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The Year in Bankruptcy: 2007
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Politics:

Republican Party to Stiff $3,000,000 Contributor?
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Hedge Funds:

Things Not To Say When Your Bear Stearns Hedge Fund Is Imploding
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Shades of Amaranth: Firm Makes Wrong Bets on Gas
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RAB shares plunge on N.Rock nationalization
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Hedge funds go to the movies - and lose big
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Judge to Bayou Founder: Go Straight to Jail
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Citigroup blocks withdrawals from a hedge fund
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Good Faith:

Two Circuits Examine Chapter 11's Good-Faith Filing Requirement
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Professional Fees:

Corporate Reorganization & Professional Fees
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Motorcycles:

Global Motorsport to Auction Assets
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Education:

The Insiders Are Selling, but Why?
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Maritime:

Nichols Bros. exits bankruptcy
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Corporate Reform:

SEC drift said to prevent action on credit crunch
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Corporate Governance:

Corporate governance gets more transparent worldwide
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Option reprice wave builds
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Are Caremark Duties of Directors Real?
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Prediction:

A Start-Up Says It Can Predict Corporate Fate
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Partnerships:

LPs in tightening credit market
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Disaster Recovery:

Hell hath no fury when storm clouds abate
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UK:

Credit crunch has no impact on bankruptcies - MoJ
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Government to Control Struggling British Bank
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Northern Rock nationalized with £100bn taxpayers' money - but nothing for shareholders
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Treasury seeks to head off shareholder legal action
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UK's Brown faces grilling on bank nationalization
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British Bungle Bank Bailout
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No to Virgin and Flowers as Northern Rock nationalized
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Nationalizing Northern Rock is the right decision
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Fury as Chancellor Darling nationalizes Northern Rock
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A reputation cracks
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Darling under fire as Northern Rock is nationalized
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Chorus of protest over sudden return to nationalization
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'Our shares are worthless' say the Rock's furious investors
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Absolutely, incredibly, utterly wrong!
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Boxer Scott Harrison's Homes Sold To Pay Inland Revenue
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Merchants of Misery: Debt collection is one of the UK's fastest-growing industries
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U.K. Rightmove House Prices Rise for First Time in Four Months
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Warning of rise in homes repossessed
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Bankruptcy loses social stigma
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Culture of high debt
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Purple shares dive 23% on UK unit bankruptcy
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Forget Credit Cards: Blame Hookers
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A third of adults 'worry about debts'
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Germany:

IKB plans $2 bln share sale to help with bailout
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Tax Scandal in Germany Fans Complaints of Inequity
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German Investigators Conduct Raids in Tax-Evasion Probe
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Japan:

Japan Service Demand Falls as Consumers, Companies Cut Spending
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Citigroup Plans to Hire 'Hundreds' in Japan to Target Wealthy
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Aioi Insurance predicts Y90 bil subprime-linked losses
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China:

Is the party over in China? Massive unemployment looms
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Australia:

Study finds corporate health in jeopardy
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Centro wins reprieve from lenders
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Centro Properties Group under heavy pressure to sell assets
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Canada:

Thow appeals record fine
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Pakistan:

Business without bankruptcy laws
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Isle of Man:

Isle Of Man Court Clarifies International Insolvency Law
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Guam:

Mainland credit market dislocations likely to affect Guam
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