January 4, 2008

Daily Bankruptcy News

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Law:

Jenner & Block Adds Bankruptcy Partner
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Kramer Levin Names Two Bankruptcy Partners
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Firms Are Partner-Heavy
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Survey Results: Bonuses (San Francisco / Silicon Valley)
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The Q-Ray Ionized Bracelet
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Lawyer Accused of Keying Marine's Car
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Beauty Queen-Turned-Law Student Accused of Kidnapping, Torturing Ex-Boyfriend
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Tax Court Sticks It to a Cleary Gottlieb Fifth Year
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Credit-Crisis Court Clogging
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How Large-Firm Associates Can Channel Their Inner Rebel
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Lack of courtroom drama is boring judges to sleep
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Ask and Answer the Right Questions in EDD
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Federal Judge Rebukes Lawyer in FedEx Fee Fight
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Holland & Knight Sued for Tortious Interference
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Bonovitz Steps Down as Duane Morris Chairman
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PoGo Sticks to Growth Plan, Raids NY Leader
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Law Firm Fight Escalates to Criminal Charges Against Former Partner
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Securities lawsuits soar in 2007
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Private Law Schools Tougher Than Public Schools
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UST challenges legal malpractice court settlement - Case involves Gitto/Global bankruptcy
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For judges, a justifiable raise: A bill to increase their wages and sever a link to Congress members deserves approval
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Lawyer Installs Shark Tank in Office
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The Jokes Just Write Themselves
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Dewey partner in Nazi email embarrassment
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Firm's cheapskate Christmas party shame
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Judge criticized for "banjo-strumming" spitting ruling
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Venable Partner Can't Shake Malpractice Claim
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Say What?!
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Retailing:

Bed Bath & Beyond Net Falls; Shares Drop on Forecast
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Tax:

Jackson Hewitt Gets Jacked
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Bankruptcy Statistics:

US bankruptcy filings rise in 2007, but remain below levels of earlier in decade
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Consumer Bankruptcy Filings Rose 40% in '07
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Vermont bankruptcies up sharply in 2007
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Pensions:

The Boomers Hit 62
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Bankruptcy Crimes:

Lawyer of the Day: Stephen Yagman
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Movies:

Movie Gallery posts loss, top officials selling stock
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Aviation:

United Airlines says weather hurt December traffic
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More than 1000 flight attendants seek NWA buyout
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Audit Says Global TransPark In Danger Of Bankruptcy
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End to travel woes unlikely
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Mass Torts:

Grace Trial to Test Asbestos Claims
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Wall Street:

Mixed portents for Wall Street's rescuers
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10 market predictions for a glum '08
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Thain Makes Like Komansky in Pledging to End Subprime Orgy
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Wall Street Eyes Several Key Economic Reports Released Thursday
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US stock futures edge higher before payrolls report
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How The Mighty Have Fallen
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Class Action Accuses LBO Giants Of Fixing Prices In Takeovers
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Music:

U.S. Album Sales Fell 9.5% in 2007
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Real Estate:

American Home Under Fire Over Loan Files
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Brokers Probed by FINRA on Mortgage Security Sales
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Customers taking bankrupt Levitt & Sons to court
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Fund Manager Faces Legal Siege Over Investments
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State Street most highly exposed to conduits
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Housing glut could could help war wounded overcome financial woes
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Global Home to Send Plan to Creditors
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Tort Lawsuits Soar Over Subprime Lending
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State Street's $618 million subprime legal bill
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Levitt & Sons' bankruptcy kills retirement dreams
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Owning vs. Renting: Still Not Close
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'Extreme Makeover' builder seeks protection
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Credit Crisis Finds New Victims - The list of suffering companies keeps growing and growing.
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Anatomy of a financial crisis
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NY legislature seeks subprime mortgage relief
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Reckless Bailout
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Probe of predatory lending - Oversight hearing looks at foreclosures in Brooklyn
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Consumer Lending:

Americans late payers on most loans since 2001
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Effects of lax lending standards settling in
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Economy:

Factory Orders Rise, Employment Slows
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US Initial Jobless Claims Fall From Two-Year High
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Initial Jobless Claims Decline, But Continuing Draws Increase
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Weak Jobs Data May Spur Rate Cut
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Inflation Fears May Trump Rate Cuts
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Reports Show Signs of Continued Weakness in the Economy
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Is '70s-style stagflation returning?
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Feasibility:

Born Again After Bankruptcy
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Autos:

GM sales down 5%
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Toyota now number-two carmaker in USA
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Hubler says no funds are left to pay creditors
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Even Trucks Hit the Wall in an Erratic 2007
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This Big 3 sequel is scary
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Dana Corp. Employees wait for information on their jobs
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Columbus auto dealer seeks bankruptcy
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Food/Drink:

Buffets Misses Coupon Payment; Bonds Fall to New Low
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Judge's ruling means Bar K likely to own old Olympia brewery
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Bootie Beer Company Files Voluntary Chapter 7 Petition
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Hedge Funds:

Analyst blames Merrill margin call for Bear fund collapse
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Ritchie Investor Bankruptcy Fight Heats Up
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Citadel Investment Group up 30% in '07
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Furniture:

Ashley Furniture store owner files for bankruptcy
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Fuel:

Developer seeks 'win-win' on plant - Rich Ryan looks to salvage farmers' investments in bankrupt ethanol plant
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Mining:

Asarco deal gets OK
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Politics:

Fearing recession, Wall Street eyes election warily
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Senators Dodd and Biden drop out of race
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Obama and Huckabee Triumph in Iowa
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Huckabee and Obama's victories are dramatic evidence of voters' hunger for change
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Finance:

Loan Funds Were Worst Performers in 2007 on Subprime, LBO Woes
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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), (12)
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NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

Health Care:

Lawmakers Head To Brooklyn Court To Save Troubled Ridge Hospital
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Former director expects more hospital layoffs
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Oil/Gas:

Bondholders Blamed in Monitor Oil Case
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Jewelry:

Jewelry line addition blamed for Alpha Omega bankruptcy
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Corporate Reform:

Ex - Goldman Analyst Gets Prison In Insider Case
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Judge orders former Waste Management CFO to pay $4 million
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Religion:

Jesuits agree to settlement in abuse case
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Celebrity:

Suge Knight Argues Major Judgment Creditor Failed To Disclose Prior Bankruptcy (scroll down)
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Lawsuit Ties Up Trump Tower Tampa Financing
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Financing For Trump Tower Is 'Days Away'
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Theme Parks:

Cypress Gardens CEO let go
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M&A:

The greatest ever merger wave is changing shape - but it may not be breaking yet
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Wall St M&A fees seen dropping 20 percent in 2008
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As Buyouts Falter, New Tactics Aim to Lock in Deals
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Insurance:

Subprime litigation may dent D&O insurers
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Accounting:

Arthur Andersen Lives On in Part as Protiviti
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Banking:

Citigroup and SocGen Say Sell European Bank Stocks
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CIBC has hedged exposure of $9.3 billion in subprime crisis
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UK:

Northern Rock loan grows £500m
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UK plans to prevent Northern Rock repeat
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KPMG predicts bumper year for personal insolvencies
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U.K. Mortgage Approvals Fall to a Three-Year Low
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Darling to overhaul bank insolvency rules
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Canada:

Struggling Wireless House Divests Non-WiMAX Products
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Quebecor World may have no options aside from sale
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Top court to hear bankrupt fisherman's case - Fishing license sold at foreclosure
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Korea:

Seoul aims to stave off credit crisis
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Ukraine:

Ukraine throws $2.4 bln lifeline to Naftogaz
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Australia:

Australia Bond Risk Rises to Record as Banks Lift Mortgage Rate
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Credit crisis to dent Australian mortgages
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Blackstone, Citadel Rumored To Be Interested In Centro
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EU:

Europe Services Growth Slowed in December, PMI Shows
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