June 13, 2008

Daily Bankruptcy News

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Law:

Thacher Proffitt rules out further layoffs
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Blackwater Hopes to Revive Malpractice Suit Against Wiley Rein
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U.K. Firms Celebrate Double-Digit Growth
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Supreme Court Says Guantanamo Detainees Have Right to Challenge Detention
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Fen-phen attorneys made 'a lot of money,' but deserved it
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'We're Women ... We Get It.'
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George Mitchell Gives Up Chairman Title at DLA
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Non-Attorney Ownership Will Mean More Competition for Law Firms
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Law Firms Plan to Help Partners Launch Post-Retirement Careers
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UCLA Dean on Mortgage Crisis: Too Few Lawyers in Home-buying
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Texas Justice of Peace Must Halt Courtroom Paddling
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Rape Charge Dropped Against Lawyer, Ex-'Bachelor' Contestant
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Will Obama's Camp Have Room for Lawyers Who Backed Clinton?
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A New Breed of Attorney Enters the Fray
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In-House Counsel See Generation Gap
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The Unfriendly Skies
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Lawyer convicted of toilet shame
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Lawyer blows clients' money on "loose women"
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Consternation as Lovells senior partner swings from ceiling in lycra
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'Respectfully, . . .'
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Judges:

Kozinski Calls for Investigation of Himself
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Miscellaneous musings in the aftermath
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What's Next for Kozinski?
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Filmmaker and Judge Both Have It
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Everything You Wanted to Know About Judge Kozinski But Were Afraid to Ask
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What "Stuff" was on Judge Kozinski's Personal Website?
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Judge Sanctioned for Four-Year Delay in Written Judgment
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Bankruptcy Reform:

National Guard and Reservist Debt Relief Act of 2008
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Aviation:

Disaster looms for airlines, study asserts
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Delta CEO says fares must rise 'pretty significantly'
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Continental Cuts Heaviest In Houston, Cleveland Hubs
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Continental cuts 8% of capacity out of Houston
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Exec pay proposal fails at tense UAL meeting
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United to charge for checked luggage
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Fuel Costs Push Airlines to Raise Charges on Drinks, Checked Bags
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US Airways shares fall as '08 fuel bill raises new concerns
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US Airways the latest to announce deep cuts
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Expedia again selling Frontier tickets
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Haynes and Boone, Hoover Hull Advising ATA Airlines on FedEx Suit
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In 2010, US airlines are smaller, maybe smarter
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US airline shares fall into no-go territory
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No $600,000 bonus for Aloha's ex-CEO
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Air Jamaica: Time's up
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Virgin Blue Cuts Routes, Lifts Fares
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Foreign Aid Could Rescue Domestic Air Travel
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Banking:

Banks Tougher on Borrowers
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Citigroup Shuts Down Old Lane, Co-Founded By Pandit
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Citigroup faces $800m loss on Old Lane
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Big Banks Ride the Roller Coaster
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Bank Profits to Be Weak All Year, Bank of Canada Says
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A bank on life support
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Printing:

Quebecor Asks for US Court Ruling to Allow European Sale
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Trucking:

High fuel prices, sluggish economy ease trucker shortage
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Newspapers:

Increased Bankruptcy Risk For Newspapers
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Ratings Agencies:

Moody's Under Pressure From Regulators, to Change Muni Ratings
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Hedge Funds:

Missing swindler 'armed and dangerous'
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S&C's Steven Peikin Says Samuel Israel's Just Another Felon on Run
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Education:

Student loan options tighten
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Corporate Reform:

Prosecutors seek stiff jail term for ex-Refco CEO
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Plea in escort service case involving Spitzer
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Tall tales worth a $6.1M loan
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Ponzi scheme ends in prison for Southwick
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Man convicted in gigantic fraud gets maximum sentence
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AIG Group Draws Focus of Probes
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Forest Products:

An end to Hurwitz saga
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Student Debt:

Lawsuit targets defunct Silver State Helicopters' student loan providers
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Real Estate:

Foreclosures Rise 48% in May as US Bank Repossessions Double
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Fixed-rate mortgage rates at highest since October
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It'll get worse
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Another Subprime Securities Lawsuit Dismissal
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Nearly Half of Americans With Mortgages Worried About Keeping Their Homes
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OTS's Gimble Suggests Using Negative Equity Certificates To Stem Tide Of Rising Foreclosures
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Judge orders another delay in SunCrest bankruptcy sale
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FBI Halts Some Cases to Investigate Mortgage Frauds
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Countrywide VIPs: In the Senate and Beyond
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$35 million mortgage fraud uncovered
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Sellers want more for O.C.'s pricier homes. Again!
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McMahon shouldn't be the face of foreclosure
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Matrix seeks to assume contracts
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Foreclosure Rates Higher Around Military Bases
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Plan to clarify mortgage info sparks ire
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Judge orders Regency property into receivership
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Elite housing community The Retreat sees fortunes fall
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Some Home-Loan Delinquencies Fell, Others Rose In May
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Central Texas foreclosures up 18% this year
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Foreclosures increase in Nassau, Suffolk
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Santa Cruz Mortgage files for bankruptcy
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Economy:

Ben in a Bind
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Support for Fed Despite Fears
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Market Has Irrational Expectations for the Fed
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Speculators Under Scrutiny in Commodities Volatility
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The Enron Loophole
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Jobless claims rise to 384k, worse than expected
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Nobel Prize winner says U.S. is not in recession, and may avoid one
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Fitch sees rising default risk for LBO companies
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Inflation from Asia: The next crisis
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Will youngest boomers go broke?
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Discharge:

Second and Seventh Circuits Issue Decisions on Third-Party Releases
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Wall Street:

European Stocks, Shares in China Drop; US Index Futures Gain
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Futures Fall Ahead of Inflation Data
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May CPI seen up at fastest pace in 2008
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Treasury's Paulson says investment banks making progress on liquidity
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Good Times Left Lehman Unprepared for the Bad
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Lehman lifer loses shot at the top
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Wall Street 'Takes No (Top Women) Prisoners' for Callan, Cruz
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Lehman Brothers, RIP
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Lehman: The Next Bear Stearns?
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Lehman Brothers Sale Seems Unlikely
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Lehman may be for sale
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Lehman and the liars
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Dick Fuld's Incredibly Shrinking Inner Circle
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In McDade Lehman Trusts
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Lehman finance, operating chiefs depart amid tumbling stock price
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Lehman's Holders in Pain
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Autos:

Ford Is Running 8 Plants Below Capacity
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Union, car hauler meeting as 1250-worker strike continues
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Car hauler seeks injunction to temporarily halt strike
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Plastech to name bidders for assets
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Corporate Governance:

Judge denies CSX injunction request against funds
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RVs:

The Demise of the RV
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Politics:

Senate Rule XXVI and the Consumer
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Countrywide's Many 'Friends'
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Rezko: Prosecutors Pushed Me to Talk About Obama
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Obama Makes An Appeal to Credit Card Debtors
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Obama takes aim at predatory lenders
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Obama, McCain: Fiscally Fit?
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So the GOP wants to talk about shady friends?
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Stockbrokers:

Subprime Meltdown May Mean More Stockbroker Bankruptcies
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Brokers may now be a bigger risk
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Layoffs:

NJ bills tighten notices of layoffs
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US Factories Bring Jobs Home as Shipping Costs Bite
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Oil/Gas:

Tekoil to seek funds
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Trucking:

IdleAire details emerging
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Mass Torts:

Settlement due in Fed Mogul case
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Nonprofits:

Nonprofits in Distress
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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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Retailing:

Tax Checks Yield Surprising Growth in May Retail Sales
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Mining:

Asarco's fraud case has a new wrinkle - Grupo Mexico offers $2.7B
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Grupo Mexico Offers To Pay Off Asarco Claims
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Bid for Asarco becomes heated
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Lawmakers question Asarco buyers
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Monthlong mining trial comes to close
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Asarco lawyer: Grupo's actions in mine transfer 'grotesque'
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El Paso butts heads with Asarco in bankruptcy court
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Decisions in smog-filled back rooms?
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Two US Congressmen Object To Vedanta's Asarco Takeover
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Finance:

As Banks Shun Loans, Hedge Funds Move In
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The Lessons of Clear Channel
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Health Care:

Private equity firm buys Haven Healthcare
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Haven Healthcare Saga
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Bankruptcy Litigation:

LeNature's bankruptcy suits could last years
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Hockey:

Del Biaggio troubles move closer to Predators
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FBI probes Del Biaggio, Preds sale
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FBI subpoenas government records
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Fraud:

Attorney For Rivas Creditors Going After Those Who Got Gifts
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Plan Confirmation:

A bankruptcy without the Luxury of consensus
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Financial Literacy:

How to Teach Your Kids About Money
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Rules:

Supreme Court Approves Changes to Bankruptcy Rules
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Furniture:

Bellach's furniture chain in bankruptcy court
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Publishing:

St Stephen the Great files for bankruptcy
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Tax:

Tax firm settles with 18 state attorney generals
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Pensions:

Gannett Freeze May Spread Pension Chill
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Workers are sleepwalking towards an impoverished old age
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Bankruptcy Crimes:

The Worst That Can Happen In A Bankruptcy
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Radio Personality Bibbins Dies In Federal Prison
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Municipalities:

Rediscovering Chapter 9 as Financial Woes of Municipalities Escalate
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M&A:

Debt markets the problem for PE firms
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Cross-Border:

Main Knitting seeks Ch. 15 OK
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UK:

A silver lining to the property slump
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UK Homebuilders May Avoid 'Armageddon'
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'Doom talk is tipping us into recession'
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People relying heavily on Overdrafts and Credit cards
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UK Sandwich Chain EAT Hires PwC to Find Buyer
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Germany:

Court rejects damage claims against lender IKB
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Australia:

Bankruptcy boom
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Canada:

Canadians need to dig out as debt load hits dangerous high
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Xceed Mortgage shifts gears in wake of ABCP crisis: Q2 loss $16.7M on charges
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Town awaits pulp mill's fate
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Gypsum plant closed
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China:

Special Bankruptcy Out for SOE
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India:

India Inflation at 8.75%
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Japan:

Japan's Consumer Confidence Falls to Six-Year Low
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Italy:

Latest Developments in Italian Bankruptcy Law
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