February 25, 2008

Daily Bankruptcy News

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Law:

Departures Raise Questions About Weil's Bankruptcy Practice
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Patterson Belknap Gets Bankruptcy Partner
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Sonnenschein Nabs Bankruptcy Partner
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Paul Hastings Goes to the Bank
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It feels like a profession
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Can Women Litigate and Procreate?
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Leading Law Firms Reform Hourly Charging System
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Bill More Hours, Get More Clients
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For Law Firms Too, 2008 Shaping up to be Tough
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Why Big Law Is Bracing
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'Super Lawyers' Contest Heads for the Stretch
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Going Public Pays: 56% Profit Increase Follows Law Firm's IPO
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Pay Raise Watch: More on Seyfarth Shaw
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Layoff Watch: Thacher Proffitt
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King & Spalding's 2007
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MoFo's Sublease Woes
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Bonus Watch: Heller Ehrman Update
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In Support of Unpublished Opinions
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Firm to Honor Former Prez With Concerto
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Summer Associate Job Offers Must Be Accepted Within 45 Days
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Contingency Jackpot: Firm Keeps Fingers Crossed for $130 Million Fee
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On Death & Dying (Financially, That Is)
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New Partner Tapped to Lead Firm's 400-Lawyer Business Team
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Lawyer Who Billed Client $373,000 in "$28,000 Controversy" Gets New Shot at Pay Day
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Clumsy Redaction Can Spell Negligence
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Millions May Be at Stake in Suit Over Hit NBC Game Show
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Market Jitters: Bad for Investors, But Good for Law Students?
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Justice Benjamin in Massey Energy: I'm Not Going Anywhere
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Firm hit by associates' racism claims
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Legal Outsourcing Trends and Forecast
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Youths Cite Making Money, Interest in Politics as Reasons to Attend Law School
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Like to Golf? Law Firm Seeks Associate Rainmakers
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How Yale Law School Decides Which Applicants to Admit
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Kirkland & Ellis Disdains Litigation - Against Itself
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Lawyer Could Face Sanctions After Adding Images of Kangaroos, Swastikas to Filing
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Pensions:

401(k) Plans Put on Notice As Investor's Suit Advances
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This worker won the right to sue your 401(k) plan
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Pension insurer's stock shift delays fee hike. For now.
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M&A:

Buyout Firms Meet in Germany as Takeovers Vanish, Returns Drop
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PE firms have piles of cash, many hurdles to investing it
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Plastics:

Wellman Inc files for bankruptcy protection
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Municipalities:

Fiscal woes put Vallejo in spotlight
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Calif city considers bankruptcy filing
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Mining:

Creditors Seek FCDC Coal Bankruptcy
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Asarco Tries to Avoid Cleanup Costs
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Accounting:

Grant Thornton Revenues Rise 14.4 Percent
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Ex-finance chief adds injuries to insult, courtesy of a shotgun
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Tax:

Depreciation fix may not be bonus over the long run
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Theft Shines Light on Tax Dodgers
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Art:

Lawrence Salander Seeks Job to Help His Bankrupt NY Gallery
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Predatory Lending:

SC: Payday lenders might be reined in
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Banking:

Faulting UBS for Losses in Bad Debt, Bank Is to Sue
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European Banks Up As Ambac Fears Fade
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ATM Equity appeals for trustee
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Subprime? Not Here, Hoss.
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Ripped Off by the Banking Industry
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What Will the Bank Supervisors Do About the "Liquidity Crisis"?
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Hedge Funds:

Hedge fund investors fight back
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Tech:

Wall St. cutbacks crimp tech sector
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Bonds:

Ambac Closer to Raising $3 Billion
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Rubber:

Anger and frustration over factory closing
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Real Estate:

Congress to Examine Housing Proposals
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Foreclosures on the rise
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State Farm: No new FL homeowners policies
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MN: Defaults on loans skyrocket in state as economy weakens
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Countrywide Puts an End to Ski Junket
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Countrywide Plaintiffs Include Borrowers, Investors, Shareholders
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GMAC Barrels Downhill
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GMAC, ResCap cut deeper into junk, may sell a unit
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30-70%? -- Probably Not the Real Rate of Mortgage Fraud
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Lenders cut off the home-equity tap
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Housing ills breed commercial flu
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Bankruptcy Boot Camp: Basic training in bogus mortgage fees
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Housing-Related Jobs Slumping
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Commercial property values in for steep drop, says loan liquidator
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Retail spaces stay empty
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American Home unit offers opportunity in Texas
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High End Homebuilders Try Low End
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Rural Iowa poised for hit from foreclosure problems
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City sets up mortgage triage team
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Fannie, Freddie Expected to Post Big Losses
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A million may lose homes in 2008
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Developers leave downtown Buffalo a land of empty promises
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L.A.'s upscale downtown delayed
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Where 'Mortgage' Isn't a Scary Word
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Renting gains appeal amid US housing tumult
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Economy:

Recession in US More Likely in 2008, Economists' Survey Finds
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Economy to skirt recession, but growth said to crawl
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Bernanke to tell Congress has eyes on growth risks
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Alarm bells as inflation pressures mount
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Your federal tax rebate isn't automatic -- here's how to get it
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We need an economy that works for all of us
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Autos:

Plastech's money woes squeeze mold-makers
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Insourcing adds to autoparts makers woes
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GM to start demolition of 2 closed plants
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Dura averts cash shortfall
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Aviation:

Monday is New Target for Delta-Northwest Merger Announcement
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Labor at United, Continental girds for possible merger
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Prospective airline merger puts labor in limelight
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Bankruptcy Crimes:

Prosecutors seek lifetime bankruptcy ban
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Former used-car dealer convicted of bankruptcy fraud
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Seminars:

The Ripple Effect of the Home Loan and Sub-prime Meltdown
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Derivatives:

Swaps backers rush to prevent 'credit event'
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Corporate Governance:

Will activists target financials?
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Media:

Bank's Suit May Hurt Deal for Clear Channel Unit
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History:

The Panic of 1907
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Enron:

Bankers get three years' prison for Enron role
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Enron's NatWest Three Hoping to Head East to Serve Time
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Credit Cards:

Moody's Sees More Credit-Card Pain
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Credit Cards Could Be Next to Melt Down
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Exit Financing:

Solutia says Citi agreed 'absolutely' to fund loan
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Distressed Investing:

Oxford Targets Commercial Loan Portfolios
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Automatic Stay:

Contracting for Stay Waivers
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Retailing:

Sharper Image Gift Cards Not Accepted
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Housing Slump Weighs on Lowe's
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Leverage Inc. Announces Bankruptcy Insurance Policy
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Sears CEO job tough sell
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Princeton Ski gets liquidator OK
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Jurist cuts to chase in PVI bankruptcy case
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New Bankruptcy Opinions
(No 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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T-REX
Sell your bankruptcy claim to the highest bidder
Distressed Debt Auctions

Politics:

Warren: The New Politics of Bankruptcy
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Bankruptcy Reform:

Bankruptcy cram downs rolled into foreclosure relief bill
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Foreclosure prevention plan under attack
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Bankruptcy courts' help sought on mortgages
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Senate to Vote This Week on S.2636: Bankruptcy Loan Modification for Distressed Home Mortgage Borrowers
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Poll: Loan Modification Should Be Allowed in Bankruptcy
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Academia:

Bankruptcy Noir
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Bankruptcy Verite
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The Case for Symmetry in Creditors' Rights
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Wall Street:

Futures Point to Rise on Wall St
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Goldman Profit Magic May Run Out
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Bids Fall for Morgan Stanley's CICC Stake
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Q1 holds more of the same for investment banks
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Forget big returns in the coming years, say stock market bears
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Health Care:

Grady's fate lies with DeKalb
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Closing Victory would cost lives
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Nursing Home's "Operator" Not A Legal Entity
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Cascade of losses doesn't end with death
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Deadline set at Reese
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Muhlenberg to close most hospital units
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Mohawk Valley Nursing Home files for bankruptcy
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Insider Compensation:

Interstate creditors, unions balk at executives' bonuses
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IRS wants to tax golden parachutes
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Student Debt:

What the Foreclosure Mess Tells Us About Private Student Loan Dischargeability
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Brown Ends Tuition for Lower-Income Students
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Celebs:

In the Drama of Britney Spears, a Show Business Fortune Is at Risk
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Prediction:

Dozens more bankruptcies may be coming
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Fraud:

CA: Bill would allow assets to be seized - Business owners who use bankruptcy to escape fines could see their personal wealth targeted
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Mass Torts:

Asbestos Bankruptcy Channeling Injunction Cannot Reach Direct Actions Based on Independent Duty of Insurer, Second Circuit Rules
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Corporate Reform:

Ex-Marsh execs found guilty of bid rigging
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Judge: Ex-CEO's Sentence for Perjury
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Agriculture:

Black owners lose grasp on family farms
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Layoffs:

P&G to Cut About 15 Percent Of Management Staff
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UK:

Open tender raises bankruptcy fears
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Nationwide: 25% home deposit
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Debt-hit homebuyers face double blow
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One small legal step and a giant leap for Northern Rock
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Major firm wouldn't touch Rock valuation 'with a barge pole'
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Shareholders face £50 fee to sue Govt over Northern Rock
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Hundreds targeted in buy-to-let probe
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New Zealand:

Bad debtors keen on new insolvency law
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Canada:

Quebecor World Provides Update on Restructuring
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China:

As China's inflation soars, world fears knock-on effects
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Australia:

Cathy Jayne battles bankruptcy
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