March 25, 2008

Daily Bankruptcy News

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Law:

BigLaw Dogs Playing Poker Set to Fold on Associate Salaries
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Layoffs, Shake-Ups at National Firms Affect Local Offices
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Pay-dispute trial reveals salaries at Sonnenschein
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Sonnenschein Trial: Week 3
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Wachtell Partners Make By Far the Most: $4.48M, on Average
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Who's More Recession Proof, Uncle Sam or John Bull?
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Saddling up to buck the market
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Law Firm Leverage Could Determine Which Associates Get the Ax
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O'Melveny Hire Feels the New Partnership Squeeze
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US top 50's $92.8bn haul makes 2007 the best ever
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Boom or bust? Go figure
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New York Fed Taps Simpson Thacher on Bear Stearns Deal
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Lovells restructuring partner quits for UBS role
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Childless Female Lawyers Bill More than Childless Male Lawyers
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Dickie Scruggs' incredible shrinking wallet
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2008 Summer Associates May Have to Work for Offer
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Paul Hastings parachutes real estate head into London as investors shun New York
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Battle rages over MCI/WorldCom fees
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What Women Lawyers Can Learn From Hillary Clinton
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11th Circuit Demands Sanctions - Panel says district judge erred in not sanctioning the plaintiffs in their failed suit
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Trial pulls back the curtain on Anthony Pellicano's ways and means
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Fight over Langston's and Balducci's millions appears headed for state court
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Detroit Mayor Charged With Perjury
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Contempt Case: Did Top Detroit City Lawyer Help Destroy Docs?
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Is Practice Depth the Silver Bullet for the Coming Recession?
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The Elastic Tournament: The Second Transformation of the Big Law Firm
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3rd Circuit: Final Judgment No Prerequisite for Attorney Fees
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Is Schwarzenegger Serious About Taxing Lawyers?
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Outside Counsel and Liability: A Cautionary Tale
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Bankruptcy info by email
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Law Firms' New Role: Loan Renegotiator
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Article Analyzing the Impact of PACER
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Because the World Needs More Law School Ranking Systems: Say Hello to the Vault Top 25
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Does a Testifying Expert's Consideration of Attorney Work Product Vitiate the attorney Work-product privilege?
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Retailing:

Same-store sales, profits up at Walgreen
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Babystyle, the baby retailer, files for bankruptcy
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Gift cards vs. bankruptcies
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Facing issues, BlueSky is said to have closed
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Small Retailers pushed into Bankruptcy. US Government Subsidies to Chain Companies
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Finance:

Small Firms Find Credit Is Tightening
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Banking:

Regulators let Home Loan Banks lift MBS holdings
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Student Debt:

Note to parents: College loans to be scarce, costly
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Brazos Suspends Student Lending
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Colleges Change Lending Habits
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Three Banks Discontinue Federal Student Loans
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Alternative Energy:

Ethanex to file for bankruptcy protection
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Accounting:

McGladrey & Pullen sued for $550 million
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Peregrine Auditor's Jury Deadlocks
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Distressed Investing:

After the Fire
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Bad times, good times
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Corporate Reform:

SEC looks to trim overlap with foreign regulators
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Olis ruling may affect many criminal cases
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Today, No Bribe Is Too Small
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Richard Berger, ex-CEO of Craig, resentenced to 8 years
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Predatory Lending:

Desperate for cash, many in U.S. taking high-interest 'payday' loans
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"Pay day" loans exacerbate U.S. housing crisis
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Accounting:

S.E.C. Accuses Biovail and Executives of Accounting Fraud
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Security:

USProtect gets trustee
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Gambling:

Tropicana Threatened It With Bankruptcy
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Tropicana claims bondholders want to force it into bankruptcy
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Record Industry:

A new look at Knight's 'Business'
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Credit Cards:

Americans addicted to credit cards
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Charging back: Will credit cardholders get their due?
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Layoffs:

Surviving layoffs not easy
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Tech:

Tech firm enters Chapter 11 as it tries to fend off rival
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Relocation:

Sirva sells European unit
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Real Estate:

Homes Sales Rise, But Prices Slide Sharply
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A glimmer of relief in housing
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Realtors say FL sales continue to fall in February
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Foreclosures Drive Prices Lower
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Foreclosure Rate Outpaces Sales by Lenders
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Fed May Buy Mortgages Next, Treasury Investors Bet
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Do we even want assistance?
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Frank-Dodd Approach Won't Fix the Mortgage Mess
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Thornburg amends by-laws in fight for survival
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Thornburg Moves One-Third Of The Way Away From Bankruptcy
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NovaStar involuntary to be dismissed
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Fannie Awaits the Wrecking Ball
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Countrywide Reconstructed: PennyMac
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Standard Pacific gets default waiver extension
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Housing-Related Bankruptcies Are Soaring In NJ
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Bank seeks to nullify Christensen's bankruptcy
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Bear Bailout Paves Way for $1+ Trillion US Homeowner Bailout Plan
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Moody's Downgrades MGIC
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Mortgage insurers get tougher on buyers
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Feds Indict 19 in Major Mortgage Fraud Case
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Justice Department Weighing Theories and Evidence in Subprime Crisis
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Best Places To Buy Foreclosed Homes
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Bank-owned homes are real estate's new gold rush
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WA housing legislation signed into law
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Behind the housing bubble: 'greed on steroids'
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Man once involved in Grand Prairie resort plans sentenced
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Commercial rents in New York to flatten out
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VA: Bankruptcy filings to save homes are on the rise
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As Sky Falls, Condos Look For Protection
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SDG decries Simplon filing
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Wall Street:

JPMorgan Raises Bear Stearns Bid to Woo Shareholders
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Fairness Letters: Bankers Called $2 Bid, $10 Bid 'Fair'
(WSJ: separate paid subscription required)

Why Didn't (Doesn't) Bear Stearns Go Into Bankruptcy
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Could J.P. Morgan up offer to $20?
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Stocks leap on new JPMorgan-Bear deal
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Wall St. Cheers Bear Deal and Housing Data
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Financial, Housing Stocks Soar
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Is JPMorgan Getting Too Clever?
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A Sweeter Bear Bid May Sour the Fed
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JPMorgan and Bear Test the Limits
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Fears Forced J.P. Morgan to Sweeten Offer
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Loaded for Bear?
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The Hand Behind the Deal
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Profiting From the Bear Stearns Buyout
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Fed's 'Loan' For Bear Deal Actually a BlackRock Managed Fund
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Bulls run wild at Bear Stearns
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Jamie Dimon, Master of the Risk-Averse
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Dimon `Pulled the Trigger Fast' to Win Bear Stearns Acquisition
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Angry Bear
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Bear's Big Guarantee
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Did Mistakes in the JPM-Bear Contract Help Lead to Renegotiation?
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The Morgan Guarantee
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The dangers of doing an M&A agreement over a weekend
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Did JP Morgan Understand The Bear Stearns Guarantee?
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Fed's Bear Trap
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If Bear staff is cut, tough US job market awaits
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At Bear Stearns, resentment and fear abound
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The bankruptcy of Bear Stearns would have been a good lesson
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Bear Stearns Bailout and My Outrage
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Bear Stearns support group forming
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Bear Stearns merchandise floods eBay
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Wall Street may cut 20,000 jobs over 2 years
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World markets rally on easing US worries
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Jittery Markets Make the Most of Good News
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Stocks Head for Moderately Higher Open
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Are investors preparing for a thaw in debt markets?
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Gaming:

Bondholders Seek Ch 11 for PacificNet
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Politics:

Clinton Proposes Fixes for the Economy, Mortgage Crisis
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Clinton: Protect mortgage lenders
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Clinton Calls For Expert Panel On Housing Crisis
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Expert 'Concerned' By Clinton's Housing Plan
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Derivatives:

Demons On Wall Street
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Pensions:

U.S. Supreme Court allows employers to reduce health benefits for older retirees
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Motorcycles:

American Ironhorse to File Chapter 11
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Corporate Governance:

Icahn's fight with Motorola gets personal
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)

A house divided
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Utilities:

Willow Creek moves toward sale
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Celebs:

Michael Jackson and his family all running out of money
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Barry Bonds' Legal Team Has Eyes On Perjury Trial
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Asset Protection:

Hard Times Hit a Postage-Stamp Land
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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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Economy:

Too dumb to fail - Suddenly, the Fed is committed to saving a whole lot more companies
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Partying Like It's 1929
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The U.S. is Choking on Debt Financed Expansion
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Recessions hard for presidents to remedy
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IRS to open offices to help with stimulus payments
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Top banker just can't win as US economy careens
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Local Rules:

Southern District Of New York Bankruptcy Court Proposes Amendments To Local Rules
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Bonds:

Fitch says will keep rating on bond insurer MBIA
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Aviation:

S&P cuts AMR's rating outlook
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High-priced fuel scares airlines
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Aloha, Aloha
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Aloha Airlines to Continue All Operations
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Senators explore ways to help Aloha in bankruptcy
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Some Midway ex-workers can get back-wages payment
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Low-cost Airtran hits a dry patch
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Like United, Delta to charge $25 for 2nd checked bag
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More Delay and Frustration, and All at a Higher Fare
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Italy transport minister wants to open Alitalia data room to Air One/Intesa
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Silvio and Alitalia
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Air France-KLM, Alitalia to meet trade unions at 2.00 p.m.
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Unions pressed to back Alitalia bid
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Autos:

Delphi's exit from bankruptcy delayed
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Dana Shares Rise on Analyst's Comments
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Strikers resent Axle CEO's raise
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ROL seeks continued stay
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Hedge Funds:

Distressed Debt In Bloom
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Personal Finance:

America's Coming Garage Sale
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Going into 'survival mode' - As economy slides, New Englanders hunker down, channel inner Yankee
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Why We Borrow Until It Hurts - Leveraging Lets Us Gain in the Short Term -- and That's When We Stop Thinking
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Barbara Lee's War on Poverty
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Ohio: Nearly one in 10 now receives food stamps; highest number in state's history
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Baby Boomers Moving Back in With Mom and Dad
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Telecoms:

Winstar returns to Chapter 11
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Debt Collection:

'Zombie debt' can haunt years later
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FDCPA Complaints Rose 2.4% Last Year
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Health Care:

Witness's "Amnesia:" $500,000; Getting Away With $1.9 Billion Fraud: Priceless
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Nat'l Century executive denies trying to bribe witness
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Executive Tries To Discredit Witness In $1.9 Billion Fraud Case
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Health Care: Not So Recession-Proof
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Adams asks judge for reprieve
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Ambulance company files for Chapter 7 bankruptcy
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Treatment's side effects may include bankruptcy
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NRMC board hires bankruptcy attorney
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Dodging Medical Bankruptcy
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Video Rentals:

Movie Gallery can close stores
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Municipalities:

Jeffco's sewer debt $11491 per customer
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Marin faces financial tsunami
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Mining:

Asarco seeks more time to file bankruptcy plan amid auction
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UK:

Recession: be prepared
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The toxic end to the age of free money
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The day the banks faced disaster
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Bankruptcy practice unlawful
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Does anybody know what went wrong?
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Canada:

Canadian Investor Group Urges Caisse to Buy Commercial Paper
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New delays for harmac
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Australia:

Davnet's Moignard in court
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Japan:

Subprime woes threaten Japan's real estate recovery
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Big business confidence at all-time low
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China:

ICBC Profit Surges, Bank of China Growth Trails on Subprime
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Italy:

Parmalat scandal fallout continues
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