March 13, 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:

Early-Retirement Deal May Boost O'Melveny's Profits per Partner
(DBN Subscription Required)

Retire at 50? Many Firms Offer Early Option, But Few Match O'Melveny's Offer
(DBN Subscription Required)

More Departures at O'Melveny & Myers: Paying Partners To Go Away
(DBN Subscription Required)

White & Case faces fresh revolt over partner compensation
(DBN Subscription Required)

The incomprehensible political wrangling at White & Case has finally taken its toll
(DBN Subscription Required)

McDermott in capital dispute with ex-partner
(DBN Subscription Required)

Adventures in Law Firm Marketing: Pillsbury Pulls Video
(DBN Subscription Required)

Time for 2Ls to Panic?
(DBN Subscription Required)

A Law Firm Job for Spitzer? Not So Fast
(DBN Subscription Required)

Kilpatrick Stockton Subprime and Credit Markets Litigation Team Adds White Collar Crime Capability
(DBN Subscription Required)

Advice for Rookies on Their First Time in Court
(DBN Subscription Required)

How Law Firms Can Help Associates Transition to Partnership
(DBN Subscription Required)

Difficult Decisions in Down Cycles
(DBN Subscription Required)

Opponent Computer Searches Likelier Under Revised Civ Pro Rule
(DBN Subscription Required)

Greenberg Traurig Indicted
(DBN Subscription Required)

Judiciary Proposes $475 Million Budget Increase for '09
(DBN Subscription Required)

In House - Beware the Hidden Costs of Containing Costs
(DBN Subscription Required)

Is Lawyer Malaise Moving from the Firm to the Campus?
(DBN Subscription Required)

ABA Law Student Group Tackles Depression
(DBN Subscription Required)

Bird & Bird Agrees to Merger With Finland's Fennica
(DBN Subscription Required)

New Leadership in Gibson Dunn's D.C. Office
(DBN Subscription Required)

Sonnenschein/Rosenthal:

Day 2: Direct Examination of Rosenthal
(DBN Subscription Required)

Direct Examination of Rosenthal Wraps Up
(DBN Subscription Required)

End of Day 2: Michele Roberts Begins Cross-Examination
(DBN Subscription Required)

______________

2 Lawyers Attacked in Federal Court Melee
(DBN Subscription Required)

Do Women Pursue Law Degrees for Different Reasons Than Men?
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

Top judge: don't link pay raises to travel expense ban
(DBN Subscription Required)

______________

Economy:

Dollar Trades at Record Low Versus Euro as Fed Plan Disappoints
(DBN Subscription Required)

Dollar Falls to 12-Year Low of 100 Yen on Carlyle Fund Failure
(DBN Subscription Required)

Budget deficit widens to record $175.6 billion
(DBN Subscription Required)

Oil Rises Above $110 to Record
(DBN Subscription Required)

Glum's the Word for Economy - Most CFOs in Duke Survey Say U.S. in Recession
(DBN Subscription Required)

How a lender bailout hurts the economy
(DBN Subscription Required)

Observers somewhat impressed by Fed's latest push
(DBN Subscription Required)

U.S. to Revamp Credit Rules, Drawing From Crisis Lessons
(WSJ: separate paid subscription required)

Credit markets may need public funds-IMF's Lipsky
(DBN Subscription Required)

CFOs See Recession through 2009
(DBN Subscription Required)

______________

Health Care:

Medical firms duke it out in bankruptcy dispute
(DBN Subscription Required)

Humana Gets A Cold
(DBN Subscription Required)

Humana's Warning Is Latest Symptom Of HMO Sickness
(DBN Subscription Required)

UnitedHealth cautious on 2008 results
(DBN Subscription Required)

Health care costs force many to keep working
(DBN Subscription Required)

Natchez Hospital Considers Bankruptcy
(DBN Subscription Required)

Kahuku Hospital in better health
(DBN Subscription Required)

Gov't to pay $666M to hospitals
(DBN Subscription Required)

Leiner Health wins use of cash
(DBN Subscription Required)

Merrill settles suit over DVI
(DBN Subscription Required)

Panel Hears Plans for Medical School at Pascack
(DBN Subscription Required)

______________

Municipalities:

Berkshire Sees Greater Risk in Debt of States, Cities
(DBN Subscription Required)

SEC to allow debt buybacks in auctions
(DBN Subscription Required)

Jefferson County plan would use tax funds to avoid bankruptcy
(DBN Subscription Required)

Reaction Mixed To Sewer Debt Proposal
(DBN Subscription Required)

High Finance Backfires on Alabama County
(NYT: separate free registration required)

Northwest Arkansas Counties Battling Foreclosures
(DBN Subscription Required)

______________

Rating Agencies:

Moody's to assign muni bonds corporate ratings
(DBN Subscription Required)

______________

Forest Products:

Pope & Talbot Wins Ch 11 Extension
(DBN Subscription Required)

______________

Aviation:

Airline Woes: 'It's Just Math'
(DBN Subscription Required)

Airlines face trouble on many fronts
(DBN Subscription Required)

Delta stock sinks as fuel costs soar
(DBN Subscription Required)

Continental pilots picket before talks
(DBN Subscription Required)

American Airlines dives on sector downgrades
(DBN Subscription Required)

______________

Luggage:

Talon is Ingear stalking horse
(DBN Subscription Required)

______________

Utilities:

Waterbury seizes oil company's assets
(DBN Subscription Required)

______________

Personal Finance:

In weak economy, Americans swap steak for chicken
(DBN Subscription Required)

______________

Mass Torts:

Grace and Redemption
(DBN Subscription Required)

Grace: The last asbestos malingerer
(DBN Subscription Required)

Jury awards $20 million in asbestos case
(DBN Subscription Required)

Chapter 11 exit is good for Federal-Mogul
(DBN Subscription Required)

______________

Pensions:

Reports of DB plans' death greatly exaggerated: study
(DBN Subscription Required)

______________

Predatory Lending:

Protests as payday loan bill advances
(DBN Subscription Required)

Without payday loans some consumers pay more bank fees
(DBN Subscription Required)

______________

Asset Protection:

Liechtenstein Issues Warrant for Tax Informant
(NYT: separate free registration required)

______________

M&A:

Carlyle Capital in default, on brink of collapse
(DBN Subscription Required)

Carlyle Capital Nears Collapse as Rescue Talks Fail
(DBN Subscription Required)

______________

Environmental:

Mining Legal Battle Brewing
(DBN Subscription Required)

______________

 

 

Real Estate:

Foreclosure Activity Rose in February
(NYT: separate free registration required)

Freddie Mac CEO: Home prices will keep falling
(DBN Subscription Required)

Freddie CFO Says Company Has Enough Capital to Expand
(WSJ: separate paid subscription required)

Bill targets foreclosure lawsuits
(DBN Subscription Required)

Mortgage servicers caught in 'prisoner's dilemma'
(DBN Subscription Required)

Brainstorming About 'Bailouts'
(WSJ: separate paid subscription required)

Congress Considers $15,000 Rebate Checks For All Home Buyers
(DBN Subscription Required)

Bill to Propose Expanded U.S. Backing of Home Loans
(NYT: separate free registration required)

Confessions of a subprime broker
(DBN Subscription Required)

Carlyle Capital banks to seize $16bn in assets
(DBN Subscription Required)

Toll CEO's bonus plan draws fire, but passes
(DBN Subscription Required)

Countrywide Seeks Home Foreclosures
(DBN Subscription Required)

Weakening housing market threatens Latino wealth
(DBN Subscription Required)

The Truth Behind National Foreclosure Numbers
(DBN Subscription Required)

Taking From 401(k) For Mortgage: Bad Idea
(DBN Subscription Required)

Neumann hands over stake in 6 developments to lender
(DBN Subscription Required)

Creditors Want New Century Probe Sealed
(DBN Subscription Required)

Company may fail, but stock soars
(NYT: separate free registration required)

Gauging Value In Real Estate As Prices Slide
(DBN Subscription Required)

Foreclosure fallout
(DBN Subscription Required)

U.S. Office Occupancy On the Wane
(DBN Subscription Required)

Using Retirement Plans to Save Your Home
(DBN Subscription Required)

OH: State Launching Campaign To Fight Foreclosures
(DBN Subscription Required)

Distressed properties concentrated in Miami
(DBN Subscription Required)

Diablo gets DIP, seeks buyers
(DBN Subscription Required)

GA: Senate OKs bills to help foreclosed homeowners
(DBN Subscription Required)

Foreclosures in New Hampshire Double in One-Month
(DBN Subscription Required)

S&P Cuts Ratings On $6.91 Billion In CDOs
(DBN Subscription Required)

More Crime, More Homeless, Less Money
(DBN Subscription Required)

Focus Property proposes payment plan to resolve loan troubles
(DBN Subscription Required)

Court appoints receiver to Islamadora
(DBN Subscription Required)

Study Tracks Subprime Litigation
(DBN Subscription Required)

Lawsuits Outline Scheme to Use Forged Deeds to Steal Properties
(DBN Subscription Required)

______________

Wall Street:

Stock markets close lower a day after central banks move to boost liquidity
(DBN Subscription Required)

U.S. Stocks Retreat on Recession Concern; Refiners, Banks Drop
(DBN Subscription Required)

Morgan Stanley Shareholders Want Board Shake-Up
(DBN Subscription Required)

Global markets slump on US credit woes, weak dollar
(DBN Subscription Required)

Futures Slide on Renewed Credit Concerns
(NYT: separate free registration required)

Overseas Retreat Sinks Futures - Stocks are expected to open sharply lower
(WSJ: separate paid subscription required)

Bear Receiving Cautious Treatment
(WSJ: separate paid subscription required)

J.P. Morgan CEO says subprime cleanup about halfway done
(DBN Subscription Required)

______________

Credit Cards:

Credit Card Crash-Test
(DBN Subscription Required)

Senate bill would rein in credit cards' 'extreme penalties'
(DBN Subscription Required)

Target in Talks to Sell Half of Credit-Card Unit
(DBN Subscription Required)

CapOne Card Default Rate Tops 7% in February
(DBN Subscription Required)

______________

Politics:

NY Gov. Spitzer resigns after sex scandal
(DBN Subscription Required)

For an Aspiring Singer, a Harsher Spotlight
(NYT: separate free registration required)

Spitzer's legal future
(DBN Subscription Required)

Disgraced NY governor won't need new job
(DBN Subscription Required)

Did Langone put the screws to Spitzer?
(DBN Subscription Required)

Is Clinton's Corporate Law Background Hurting Her Candidacy?
(DBN Subscription Required)

______________

Layoffs:

Pilgrim's Pride to Close 7 Facilities, Layoff 1,100
(DBN Subscription Required)

______________

Hedge Funds:

Drake May Shut Largest Hedge Fund; GO Capital Halts Redemptions
(DBN Subscription Required)

Muni Bond Fund to Liquidate
(DBN Subscription Required)

A novel tug of war in US Bankruptcy Court
(DBN Subscription Required)

______________

Insider Compensation:

CEO Pay: The Steroids Era
(DBN Subscription Required)

What CFO Made $5B Less than His Boss?
(DBN Subscription Required)

Schwarzman Got $350.2 Million From Blackstone Funds Last Year
(DBN Subscription Required)

Toll Brothers Expands Plan for Bonuses to Its Chief
(NYT: separate free registration required)

______________

Judges:

Bankruptcy Judge: Ladies just like cheaper things
(DBN Subscription Required)

Stripper says judge shielded her from creditors
(DBN Subscription Required)

______________

Gambling:

DiamondJacks casino owners file bankruptcy
(DBN Subscription Required)

______________

Enron:

Skilling seeks to use Fastow notes
(DBN Subscription Required)

Enron shareholders deadline April 30 -- meetings this month
(DBN Subscription Required)

______________

Corporate Governance:

Spitzer Is Not Alone
(DBN Subscription Required)

______________

Seminars:

Business Lawyers to Take it Global in Dallas
(DBN Subscription Required)

______________

Banking:

Lenders Face More Misery
(DBN Subscription Required)

Wachovia: Housing Woes Are Far From Over
(DBN Subscription Required)

Despite Enron, antiquated bank secrecy laws have covered up today's wrongdoing and regulatory failures
(DBN Subscription Required)

Billionaire Wilbur Ross: Expect bank failures
(DBN Subscription Required)

ANB Must File Capital Plan
(DBN Subscription Required)

______________

Horse Racing:

Spitzer allegations leave New York racing industry in limbo
(DBN Subscription Required)

The Day at the Races
(DBN Subscription Required)

______________

Photography:

Battlefield Photos Made Brady Famous - and Bankrupt.
(DBN Subscription Required)

______________

Horticulture:

Creditors want trustee to manage Pike Nursery
(DBN Subscription Required)

______________

 

 

New Bankruptcy Opinions
(1 new opinion 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)

____________

T-REX
Sell your bankruptcy claim to the highest bidder
Distressed Debt Auctions

Bankruptcy Reform:

US Senate's Reid vows retry on housing rescue bill
(DBN Subscription Required)

Mortgage bankruptcy election aftershocks
(DBN Subscription Required)

Brown: Judges need interest-rate say: Senator wants GOP to OK some parts of foreclosure bill
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Subprime Crisis Foments Ch. 11 Bankruptcy Surge
(DBN Subscription Required)

______________

Autos:

GM seeks option to take tools from Plastech
(DBN Subscription Required)

Delphi Recovery Hits Snag
(DBN Subscription Required)

Delphi: Insider-Trading Claims Give Bankruptcy Saga A Last-Minute Twist
(WSJ: separate paid subscription required)

American Axle Strike Another Dagger Pointed at GM
(DBN Subscription Required)

Can a Toyota Man Fix Chrysler?
(NYT: separate free registration required)

AmeriCredit Shares Placed on Hold
(DBN Subscription Required)

Autoworkers weigh buyouts, knowing their future pay will likely be far less
(DBN Subscription Required)

Ford may pay price for bonus strategy
(DBN Subscription Required)

______________

Corporate Reform:

Questions About Corporate Monitors
(DBN Subscription Required)

Bank Reports a Boon to Prosecutors
(DBN Subscription Required)

______________

Fraud:

Police detain another Societe Generale employee
(DBN Subscription Required)

Societe Generale employee released without charge
(DBN Subscription Required)

SocGen Faces Investor Lawsuit Over Losses
(DBN Subscription Required)

Utah pair charged with fraud
(DBN Subscription Required)

SEC files charges in Florida
(DBN Subscription Required)

Soccer-Former ISL boss refuses to answer judges at fraud trial
(DBN Subscription Required)

______________

HVAC:

Fedders Gets OK to Sell HVAC Units
(DBN Subscription Required)

______________

Finance:

Global crisis in world of high finance
(DBN Subscription Required)

______________

Bonds:

Nuveen plans bailout for its auction-rate debt investors
(DBN Subscription Required)

Stadium bonds hit by skyrocketing interest
(DBN Subscription Required)

______________

Accounting:

BDO Parent Company May Still Be Held Liable for $522 Million Verdict
(DBN Subscription Required)

______________

Skiing:

Credit Suisse sues Tamarack over unpaid debt
(DBN Subscription Required)

______________

Furniture:

Stickley Furniture's Mission
(DBN Subscription Required)

Bellach's leather furniture chain files Chapter 11
(DBN Subscription Required)

______________

Awards:

Thompson & Knight Bankruptcy Attorney Recognized as "Empire State Counsel"
(DBN Subscription Required)

Sheila T. Smith Named Executive of the Year
(DBN Subscription Required)

______________

Retailing:

US malls start to feel consumer slowdown
(DBN Subscription Required)

Weak Results for Three Clothing Retailers
(NYT: separate free registration required)

The next recession domino: Boutiques
(DBN Subscription Required)

______________

Celebs:

Even Michael Jackson is Singing the "Foreclosure Blues"
(DBN Subscription Required)

______________

Alternative Fuels:

Ethanex Energy Inc. says it might seek bankruptcy protection
(DBN Subscription Required)

Judge won't throw out corn contract
(DBN Subscription Required)

______________

Exit Financing:

Solutia Solution
(DBN Subscription Required)

______________

Jewelry:

Documents seized from Alpha Omega
(DBN Subscription Required)

______________

Student Debt:

Study: Many college students over their heads in debt
(DBN Subscription Required)

Credit Crunch Could Slow Student Loans
(DBN Subscription Required)

Iowa Student Loan won't offer private student loans
(DBN Subscription Required)

______________

Publishing:

Ziff Davis can tap cash
(DBN Subscription Required)

______________

Sovereign Debt:

Comptroller fears time is short for U.S. finances
(DBN Subscription Required)

Can the Fed Go Bankrupt?
(DBN Subscription Required)

_____________

UK:

Darling's Budget Increases U.K. Borrowing, Squeezes Business
(DBN Subscription Required)

U.K. Two-Year Notes Fall Most in a Decade; Debt Sales Boosted
(DBN Subscription Required)

Worrying signals we're going bust
(DBN Subscription Required)

The £66m 'bribe' shadow hanging over Fifa
(DBN Subscription Required)

The Magna Carta is a mystery to nearly 50pc Brits
(DBN Subscription Required)

______________

Japan:

Goldman Sachs finds the rough in Japan
(DBN Subscription Required)

______________

Italy:

Parmalat Bank Of America Probe Widens In Parma-Source
(DBN Subscription Required)

Main Parmalat trial opens Friday
(DBN Subscription Required)

______________

Canada:

Bank of Canada sees more subprime losses globally
(DBN Subscription Required)

______________

Germany:

German regional lenders urged to merge
(DBN Subscription Required)

______________

France:

France's sordid housing crisis
(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