February 4, 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:

Bankruptcy Judge Cuts Firm's Fees Over Failure to Show Ties to Client
(DBN Subscription Required)

O'Melveny denies bad times
(DBN Subscription Required)

O'Melveny & Myers Launches 'Witch Hunt' for Tipsters?
(DBN Subscription Required)

D.C. Associate Bonuses 'Fairly Healthy' This Year
(DBN Subscription Required)

Bonus Watch: Getting to the Bottom of the Cadwalader Mystery
(DBN Subscription Required)

Sidley Austin's Insanely Early Start Dates
(DBN Subscription Required)

Anonymous Lawyer
(DBN Subscription Required)

"Us lawyers are at the bottom of the pile now"
(DBN Subscription Required)

Attorneys Need to Hear the Voice of the Client
(DBN Subscription Required)

Two law firms announce merger
(DBN Subscription Required)

Barrett Law Firm Announces Name Change
(DBN Subscription Required)

SocGen eschews big players as niche Paris firms line up in fraud case
(DBN Subscription Required)

Hiring Spree By Quarles & Brady in Chicago?
(DBN Subscription Required)

Some Law School Grads Don't Go the Firm Route
(DBN Subscription Required)

$21,000 Award Upheld Against Attorney Who Faxed Unsolicited Ads
(DBN Subscription Required)

Microsoft & Boies: Let Bygones Be Bygones
(DBN Subscription Required)

US trio lead on Microsoft's $44.6bn Yahoo bid
(DBN Subscription Required)

Company uses E-auction to pick lawyers
(DBN Subscription Required)

Attorney General John Edwards? Justice John Edwards?
(DBN Subscription Required)

With Edwards Out, Many Trial Lawyers Look to Obama
(DBN Subscription Required)

Nestle bars firm over conflict
(DBN Subscription Required)

Project Management May Leave GCs With Fewer Surprises
(DBN Subscription Required)

Former Law Firm Partner Disbarred in D.C. for Insider Trading
(DBN Subscription Required)

Some States Seek Change in How Lawyers Are Regulated
(DBN Subscription Required)

A Salmagundi of 'Selyaisms'
(DBN Subscription Required)

Gazing Into the EDD Crystal Ball
(DBN Subscription Required)

Lawyer's Bullying Secretary Over Weight, Demands She Exercise Were Likely "Outrageous," Judge Rules
(DBN Subscription Required)

Five Profs Resign at Law School, Call for Dean's Ouster
(DBN Subscription Required)

Touro Law For Sale?
(DBN Subscription Required)

You Know You Work For A Great Firm When ..
(DBN Subscription Required)

Lawyer Defends 'Fake Bomb' as Free Speech
(DBN Subscription Required)

Judge Warns Lawyers About Appeals of His Rulings
(DBN Subscription Required)

Federal judge's social life raises questions
(DBN Subscription Required)

State Court Recognizes Gay Marriages From Elsewhere
(NYT: separate free registration required)

Will the Recession Hit Legal Services?
(DBN Subscription Required)

______________

Autos:

Borrowers struggle to pay auto loans
(DBN Subscription Required)

GM's Car Sales Rise in an Otherwise Tough Month
(NYT: separate free registration required)

Plastech Files for Bankruptcy Protection
(WSJ: separate paid subscription required)

Plastech files bankruptcy
(DBN Subscription Required)

Claim reveals Dana CEOs left with hefty perks
(DBN Subscription Required)

Nissan Net Income Up 26.6% at 132.2 Billion Yen in Q3, FY07
(DBN Subscription Required)

Romney auto industry foray went under
(DBN Subscription Required)

______________

Celebs:

Wesley Snipes Is Acquitted of Tax Felonies
(NYT: separate free registration required)

The family of a murder victim insist O.J. Simpson's book is a confession to the crime
(DBN Subscription Required)

______________

Bonds:

Dinallo's Rescue Plan Focuses on Ambac
(DBN Subscription Required)

Bond-Insurer Foe Soldiers On
(WSJ: separate paid subscription required)

8 Banks Discuss Aid for Bond Insurer
(NYT: separate free registration required)

Ambac Gets A Little Help From Its Friends
(DBN Subscription Required)

______________

Fraud:

Investigators question French bank executives
(DBN Subscription Required)

France to Fault SocGen in Report
(WSJ: separate paid subscription required)

How to Lose $7.2 Billion
(WSJ: separate paid subscription required)

Lagarde Says SocGen Controls `Clearly' Failed
(DBN Subscription Required)

France to seek stricter bank controls post: SocGen
(DBN Subscription Required)

______________

Religion:

Diocese fund garners $6M
(DBN Subscription Required)

Soens Says Davenport Diocese Abandoned Him To Save Itself
(DBN Subscription Required)

Church facing wave of trouble
(DBN Subscription Required)

Bishop outlines diocese's plan in letter read at Masses
(DBN Subscription Required)

______________

Enron:

Enron plaintiffs stay in fight despite losing ruling
(DBN Subscription Required)

Judge to consider dropping firms from $40 billion Enron lawsuit
(DBN Subscription Required)

Enron investors get new chance; Judge will allow arguments not covered previously
(DBN Subscription Required)

______________

Accounting:

How 'cash' at companies became risky
(DBN Subscription Required)

McLean investors drop fraud suits against accountant
(DBN Subscription Required)

A loophole that's lost its luster
(DBN Subscription Required)

______________

Chemicals:

Solutia, banks still in stalemate over $2 billion financing deal
(DBN Subscription Required)

______________

Utilities:

Calpine, debtholders set $52 mln settlement
(DBN Subscription Required)

Calpine powers out of Ch. 11
(DBN Subscription Required)

______________

Horse Racing:

NYRA trustee quits, blasting Bruno
(DBN Subscription Required)

______________

Corporate Reform:

Waxman wants more info on compensation consultants
(DBN Subscription Required)

______________

Environmental:

Green piece
(DBN Subscription Required)

______________

Banking:

Three ways to reform bank bonuses
(DBN Subscription Required)

Banks could write down $70 billion more
(DBN Subscription Required)

Bank models put credit in doubt
(DBN Subscription Required)

It's crunch time for Ken Lewis
(DBN Subscription Required)

Berkshire Bank reports record income numbers
(DBN Subscription Required)

______________

 

 

Real Estate:

Beazer Homes exits mortgage business
(DBN Subscription Required)

Beazer shrinks business, cuts more jobs to stay afloat
(DBN Subscription Required)

Judge Sanctions Countrywide, Says It Disobeyed Court Rules
(WSJ: separate paid subscription required)

Scrutiny of Countrywide Business Practices Intensifies
(DBN Subscription Required)

Judge won't let homeowners buy bargain loans
(DBN Subscription Required)

Hogan & Hartson's Pro Bono Win - Keeps Clients In Their Homes
(DBN Subscription Required)

Subprime overseers looking like Kerviel
(DBN Subscription Required)

A trillion-dollar smile
(DBN Subscription Required)

Bank of America, Countrywide face hurdles
(DBN Subscription Required)

NYC Home Prices Start to Dip, Recalling '90s Slump
(NYT: separate free registration required)

Did Greenspan push risky home loans?
(DBN Subscription Required)

Atlanta's mortgage woes 'will get worse'
(DBN Subscription Required)

Confessions of a Mortgage Broker
(DBN Subscription Required)

Moorage broker gets 28 years for swindling clients
(DBN Subscription Required)

FBI calls mortgage fraud 'substantial'
(DBN Subscription Required)

Stakes Rise In Subprime Cleanup
(DBN Subscription Required)

Fair Game Lenders Who Sold and Left
(NYT: separate free registration required)

Big Loans, Lower Rates
(WSJ: separate paid subscription required)

Congress is breaking out its blunt instruments
(DBN Subscription Required)

A housing rescue that would go too far
(DBN Subscription Required)

Stimulus might not stimulate us
(DBN Subscription Required)

Negotiating the mortgage maze
(DBN Subscription Required)

Dream homes become nightmares for buyers
(DBN Subscription Required)

Foreclosures move into tony ZIP codes
(DBN Subscription Required)

UBS focus of U.S. subprime probe
(DBN Subscription Required)

Deutsche to take over Macklowe's EOP properties
(DBN Subscription Required)

Investment Group Buys Trend Homes
(DBN Subscription Required)

Orix to exploit subprime woes with US investment
(DBN Subscription Required)

Foreclosures as seen in the arts
(DBN Subscription Required)

Whole ZIP codes defined as 'high risk'
(DBN Subscription Required)

Risky loans take toll on Alaska borrowers
(DBN Subscription Required)

Sept. 11 attacks led to the foreclosure crisis
(DBN Subscription Required)

______________

Bankruptcy Reform:

Warren: The Power of Numbers
(DBN Subscription Required)

______________

Economy:

Economy's downturn has its upside
(DBN Subscription Required)

How 'Bout Them Economy
(DBN Subscription Required)

It's the Economy Again, and Some See Similarities to 1992
(NYT: separate free registration required)

Jim Rogers predicts one of the worst recessions since WW II
(DBN Subscription Required)

DOL: Payrolls down, not up in January
(DBN Subscription Required)

Jobs Machine Is Conking Out
(DBN Subscription Required)

Services Growth Slowed as Housing Slumped
(DBN Subscription Required)

US Economy Unexpectedly Sheds 17000 Jobs
(DBN Subscription Required)

Barometers of economy, pawn shops' volume up
(DBN Subscription Required)

The Fed's good news/bad news scenario
(DBN Subscription Required)

Lost Innocence, Now Appearing in the Economy
(DBN Subscription Required)

Credit crisis spreading beyond financial sector
(DBN Subscription Required)

______________

Gambling:

Moses Lake casino in bankruptcy
(DBN Subscription Required)

______________

Predatory Lending:

Warren: Wrong Number
(DBN Subscription Required)

______________

Printing:

'Business as usual' for Quebecor
(DBN Subscription Required)

______________

Bankruptcy Crimes:

Charges pending a year after drug money goes missing
(DBN Subscription Required)

______________

Retailing:

Fortunoff files for bankruptcy, agrees to sell to Lord & Taylor
(DBN Subscription Required)

______________

Dot-coms:

Dot-com bust victims get temporary relief
(DBN Subscription Required)

______________

Corporate Governance:

The greener the biz, the greener the bonus
(DBN Subscription Required)

______________

Jewelry:

Dept. of Justice eyes fraud in jewelry store failure
(DBN Subscription Required)

Family Must Turn Over Fabrikant Info
(DBN Subscription Required)

______________

Hedge Funds:

Sailfish denies 'blowup' rumors
(DBN Subscription Required)

Oxford Funding Corp. Forms Hedge Fund To Buy Bargain Real Estate
(DBN Subscription Required)

UBS Settles Hedge Fund Fraud Case
(DBN Subscription Required)

Into the valley and through the hedge
(DBN Subscription Required)

Distress: The silver lining
(DBN Subscription Required)

______________

Derivatives:

Derivatives is an industry tainted by its side-effects
(DBN Subscription Required)

Derivatives at the Bottom of Every Chasm
(DBN Subscription Required)

______________

Tax:

Unpaid taxes amount to 'cheap loan'
(DBN Subscription Required)

Tax protesters, IRS is not amused
(DBN Subscription Required)

______________

Layoffs:

Big layoffs no longer limited to finance, housing
(DBN Subscription Required)

Dell announces call center layoffs in US and Canada
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Behind the numbers of rising bankruptcy filings
(DBN Subscription Required)

______________

Consumer Bankruptcy:

Bankruptcy Median Income Data Update
(DBN Subscription Required)

______________

Poverty:

Hard times on the frontlines in the war on poverty
(DBN Subscription Required)

______________

Distressed Investing:

Distressed Investing Conference 2008: Videos
(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)

_____________

Trustees:

When businesses fail, consulting exec works to pick up the pieces
(DBN Subscription Required)

______________

Wall Street:

Massachusetts Accuses Merrill of Fraud
(NYT: separate free registration required)

Merrill brokers fired after CDO sales
(DBN Subscription Required)

Reps question controversial 'minitenders'
(DBN Subscription Required)

Brokerages, banks weigh down S&P 500
(DBN Subscription Required)

It's Even Worse Over There
(DBN Subscription Required)

China leaps higher
(DBN Subscription Required)

Stocks Set to Open Flat
(WSJ: separate paid subscription required)

______________

UST:

Even the US Trustee Has an Occasional "Credit Crunch"
(DBN Subscription Required)

______________

Aviation:

Time factor important in Delta merger
(DBN Subscription Required)

Delta president: We're strong enough to go it alone
(DBN Subscription Required)

Mesa plans to appeal Hawaiian lawyer fees
(DBN Subscription Required)

Trustee Opposes MAXjet Sale
(DBN Subscription Required)

______________

Credit Cards:

Internet bank Egg to cancel thousands of credit cards
(DBN Subscription Required)

The Coming Credit Card Meltdown
(DBN Subscription Required)

______________

Asset Protection:

FBI investigating popular lawyer and 'asset protection' guru
(DBN Subscription Required)

______________

Alternative Fuels:

Shareholders lose $5 million on Canton plant
(DBN Subscription Required)

Documents show big losses for investors in bankrupt ethanol plant
(DBN Subscription Required)

______________

Health Care:

Trials in huge fraud case to begin
(DBN Subscription Required)

Bankrupt hospital in Paterson moves patients and shuts down
(DBN Subscription Required)

Urban hospital in NJ closes down
(DBN Subscription Required)

Suncoast Hospital wins use of cash
(DBN Subscription Required)

A soaring rise, rapid fall for Pharmed
(DBN Subscription Required)

______________

Finance:

Higher fees, more covenants seen for speculative-grade borrowers
(DBN Subscription Required)

Spreads widen, yet credit costs all over map
(DBN Subscription Required)

______________

Debt Collection:

Insulting collections letter draws lawsuit
(DBN Subscription Required)

______________

Politics:

California Slump, Illinois Job Loss Buffet Candidates
(DBN Subscription Required)

Hillary: Garnish wages of workers who refuse to buy health insurance
(DBN Subscription Required)

Corporate presidential campaign giving surges
(DBN Subscription Required)

______________

Credit Reporting:

Weird stuff that hurts your credit
(DBN Subscription Required)

______________

Insurance:

Met investors' hopes fade: Court rulings favor big auditing firms
(DBN Subscription Required)

______________

Manufacturing:

Radnor lender: Lift exclusivity
(DBN Subscription Required)

______________

Awards:

Michael Barrett Elected a Fellow of the Texas Bar Foundation
(DBN Subscription Required)

______________

Sovereign Debt:

Is Uncle Sam's top credit rating at risk of a downgrade?
(DBN Subscription Required)

American debt and the Great Chinese Mind-Bender
(DBN Subscription Required)

______________

UK:

Bankruptcy doubles over six years
(DBN Subscription Required)

Insolvency fall 'masks true problem'
(DBN Subscription Required)

Scots Debt Levels Soar
(DBN Subscription Required)

Amnesty could result in more clarification over IVAs
(DBN Subscription Required)

IVA Protocol Agreement Reached
(DBN Subscription Required)

Business big shot: Mr Average Bankrupt
(DBN Subscription Required)

Northern Rock set for three rescue proposals by Monday deadline
(DBN Subscription Required)

Northern Rock's Troubles Demoralize Its Hometown
(DBN Subscription Required)

Northern England contemplates life without a benefactor
(DBN Subscription Required)

Final dash for Rock
(DBN Subscription Required)

Homebuyers are on a high wire with a cold wind blowing and no safety net,
(DBN Subscription Required)

Citi Cuts Off Some U.K. Credit Cards
(WSJ: separate paid subscription required)

MAC, U.K.-style
(DBN Subscription Required)

Dirty hospital told to clean up its act
(DBN Subscription Required)

What should happen when bankruptcy and divorce proceedings coincide?
(DBN Subscription Required)

Businesses adopt blinkered approach to debt despite looming credit crunch
(DBN Subscription Required)

UK corporate fraud likely to hit record high in 2008
(DBN Subscription Required)

______________

Australia:

300,000 Aussies risk losing homes
(DBN Subscription Required)

______________

Canada:

Bankruptcy raises big stink in little Quebec town
(DBN Subscription Required)

Pope & Talbot To Announce Any Competing Bids Today
(DBN Subscription Required)

Workers now have more protection from bankruptcies
(DBN Subscription Required)

______________

China:

China Bank Sets Aside Subprime Reserves
(DBN Subscription Required)

______________

EU:

Treatment and the European Perspective: Why Don't We Ask Whether US Debtors in Bankruptcy Have Other Social Problems?
(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