January 8, 2007

Daily Bankruptcy News

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Law:

Chadbourne & Parke Names New Bankruptcy Partner
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Six Lawyers in Qualcomm Case Sanctioned for 'Monumental' Discovery Violations
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Bonus Watch: Round-Up (Plus a Hint of a Base Salary Increase?)
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Say What?!
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Obama: "That's Why I Didn't Become a Trial Lawyer"
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Questioning an Adviser's Advice
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US Firms Lure U.K. Lawyers With $$$
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GenRe and AIG Insurance Trial: Execs, Lies & Audiotape
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Buffett's lieutenants go on trial
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More on Unhappy Lawyers
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Dinosaurs Still Roam, but Do Not Reign, in Court
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Cravath sends US stalwart to build London disputes practice
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Do as I Say, Not as I Do
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ABA Asked to Examine Accreditation of Pat Robertson's Law School
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Pillsbury revenue growth stalls but profit rises
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BigLaw Finds New Digs, Plans to Add 30-50 Attorneys
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Man of Steel Is BigLaw Associate by Day, ER Doc by Night
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I Object! I Sustain Me!: Judge Suspended for Dual Role as Jurist and Lawyer in Three Cases
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Dealing With Dysfunctional Counsel
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Anti-Lethal Injection Lawyers Struggle on Way to and in High Court
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Previously on 'Most Eligible Bachelors' List, Lawyer Now Faces Rape Charges
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There's Overbilling... and Then There's Under-Billing
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Roger Clemens Sues Former MLB Trainer for Defamation Over Steroid Comments
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Low Mileage Viper
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Economy:

White House Focuses on Economy
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Bush Admits Economy Faces Challenges
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The Debate Over How and How Long
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Paulson: Don't want to rush economic stimulus
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Fed's Lockhart: heightened uncertainty on economy
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Investor Jim Rogers sees worst recession in 'a while'
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Ability to track complex financial risk is 'lost forever'
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Bankruptcy Statistics:

Indiana fourth in nation in companies filing for Chapter 11
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SC bankruptcies soar
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Aviation:

For Airlines, World Keeps Shrinking
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Get It Together, UAL
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UAL stock dives on pilot angst
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UAL's Internal Discord
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Delta merger more likely
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Delta juggling between sale, merger choices
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Health Care:

Warren: Letter from an Uninsured Woman
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New Team Tackles Haven Woes
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Fig files for Chapter 11 bankruptcy protection
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Brooklyn Hospital Wants Attorney General To Help It Secede
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Autos:

Gentlemen, start your turnaround
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For top Delphi execs, Chapter 11 has happy ending
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Delphi asks for aid to get Chapter 11 exit loan
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Delphi to launch $6.8 bln loan Tuesday
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Icahn holds 75 pct class A stake in Federal-Mogul
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Awards:

Bingham Wins Airline Restructuring Award
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Real Estate:

Lender Tells Judge It 'Recreated' Letters
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Warren: What Can a City Do?
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45,000 homeowners seek foreclosure aid
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US mortgage job losses topped 86,000 in 2007
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A third of home sales delayed or failed
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Levitt and Sons Seeks to Borrow $3.5M
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Mortgage lenders must pay $99M in punitive damages
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Group Names 'Subprime' Word Of Year
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Bad appraisals contribute to housing mess
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The Foreclosed Pets
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Hahn & Hessen Selected as Counsel to Creditors' Committee in Delta Financial Corp. Bankruptcy
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CA sees record number of homes go to foreclosure auctions
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North Texas home sales fall 25% in December
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Baltimore Is Suing Bank Over Foreclosure Crisis
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The question of bailouts begins to hit home
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Office vacancy rate rise suggests slowing U.S. economy
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Wall Street:

Restless Wall Street
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Jefferies Plummets On Weak Predictions
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Cayne to Step Down as Bear Stearns CEO
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Oil/Gas:

Oil $200 Options Rise 10-Fold in Bet on Higher Crude
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Hedge Funds:

Court Approves Coventry/Ritchie Deal
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Banking:

Citigroup to Take $16 Billion Writedown, Merrill Says
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Credit concentration could hurt some borrowers, survey says
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Citi May Slash Workforce
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CIBC replacing top executives amid subprime crunch
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Man gets day in jail in $19 million loan fraud
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Banks may have to boost loss reserves, Moody's says
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Write-down Rumors Hit Credit Suisse
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Telecoms:

Vonage won't make it past 2008
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M&A:

A Different Story for Deal Making
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Finish Line May Need To Take Drastic Actions If Forced to Complete Takeover
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Alternative Fuel:

State looks into plant's bankruptcy
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Food/Drink:

H&H bankruptcy could hurt local suppliers
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Chicago-area Krispy Kreme stores to be sold
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Indictment of LeNature's ex-CEO expected
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Mass Torts:

Tersigni Opposes Appointment of Trustee
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Plaintiffs' attorneys challenge Vioxx settlement
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Mark Lanier Stirs the Pot
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Forest Products:

Interfor Receives Court Approval to Proceed With Acquisition of Pope & Talbot Sawmills
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Corporate Reform:

Non-prosecution agreements up 70%
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Accounting:

CFOs prepared to meet credit crunch head on
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New Bankruptcy Opinions
(2 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), (12)
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NEW
Claim Trading Alerts
The easy way to monitor
bankruptcy claims trading
30-Day Free Trial

Bonds:

Bond defaults at 26-yr low but will rise -Moody's
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Junk Bond Defaults to Rise Fivefold
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Covered bonds face challenges in 2008
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Finance:

A major source of global financing is crippled
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Some lenders exact stiff price from overleveraged borrowers
(WSJ: separate paid subscription required)

Paulson: Asset-backed paper market improving
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Bankruptcy Reform:

Change in bankruptcy laws pondered amid home mortgage meltdown
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Bankruptcy overhaul sought
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Consumer bankruptcy surge could boost mortgage bankruptcy bill
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Bankruptcy Crimes:

Woman sentenced to 33 months for forging bankruptcy judge's signature, social security, mortgage fraud
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Tax:

Wal-Mart Loses Tax-Shelter Case
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Utilities:

DA Listing Fuel Company Bankruptcy Victims
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Jewelry:

$6.6m of goods unaccounted for at Alpha Omega
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Credit Counseling:

Housing crunch builds demand for credit counselors
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Debt Collection:

Collectors Can Now Call Cell Phones
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Retailing:

Marks & Spencer, Saks Lead Rise in Retailer Credit Risk
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Experian, DSG Lead Jump in Retailer Credit Risk for Fifth Day
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Student Debt:

A Chairman Is Appointed to Rebuild Sallie Mae
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Bankruptcy Policy: A Review and Critique of Bankruptcy Statutes and Practices in Fifty Countries Worldwide
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UK:

Northern Rock Shareowner Pushes Its Plan
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Hedge fund piles pressure on Northern Rock board
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Narrowing options to consolidate debt as lenders shut doors on more borrowers
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Baronet forced out of stately home
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Church offers prayers for debtors
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British property plunges as buyers for buildings vanish
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A&O shares in £14m fees from Courts collapse
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Canada:

Bankruptcy appeal involving fishing licences going to Supreme Court of Canada
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Federal Gypsum waiting to hear if restructuring plan will go ahead
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France:

Sarkozy vows to change French economic landscape
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