March 27, 2008

Daily Bankruptcy News

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Law:

The US Top 50
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Biovail Drops Howrey, Relies on Curtis Mallet to Settle SEC Charges
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Not Yet Merged with McGuireWoods, 8 Helms Mullis Lawyers to Go Elsewhere
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Lawyer of the Day: Jane Willis
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What's Up at Latham & Watkins? Morale - thanks to a 'no layoffs' promise
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Closing Arguments in Sonnenschein Trial
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The T25 Club: Membership Has Its Privileges
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Layoffs? - Survey Results
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Supreme Court hears arguments in bankruptcy case
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National Firm Shakes Up Management Nationwide
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MoFo's O.C. Struggles Continue
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Hot Energy Market Has Partners Doing the Electric Slide Out the Door
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Wachtell to Orchestrate Motorola Breakup
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Firm Gets Into Trouble for Lawsuit Loan
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Career Path From In-House to Firms Becomes Round-Trip
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UK Firms Rule When It Comes to Cashing in Overseas
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Dewey, Dunkem and Howe: LeBron James Plays a Lawyer on TV
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Miami Lawyer Ben Kuehne, Indicted by Feds, Returns Fire
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U.S. News Law School Rankings Leaked; NYU Down, Columbia Up
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10 Detroit Lawyers Probed Over $8.4M Claimed Sex Scandal Cover-up
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Lawyers behaving badly
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Lawyer Jokes at the Supreme Court
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How Law Firms Can Implement an Alternative Billing Program
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One Size Does Not Fit All for Bringing In Business
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Economy:

Home sales, durables data point to economic stall
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Americans in survey fear harder times are ahead
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Ghost In U.S. Machinery
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Survey: CFOs cutting back and hunkering down
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Bush says "confident" economy will be stronger
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Michigan's jobless rate at 7.2 percent
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The Fed Bailout Wasn't Just For Fat Cats
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Where No Fed Has Gone Before
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Consumers Are Holding Back
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Health Care:

Hospital Seeks Public Support
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Poulsen Found Guilty
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Medicare Fund to Be Broke by 2019
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BMC to address insurance coverage
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Adams allowed to stay
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Medicor notches deal with GCA
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Health Care Affordability a Concern, Americans Seek Change
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Bankrupt Victory Hospital To Be Auctioned on Monday
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Corporate Reform:

Paulson Urges Broader Fed Oversight of Wall Street
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Fed May Emerge From Crisis With More Influence at SEC Expense
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Wall Street Might Make Hot Air Look Like Change
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I-Banks Can't Have their Cake and their Discount Window Too
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U.S. markets seen losing ground to global competitors
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Prewett money-laundering trial goes to jury
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M&A:

Clear Channel Banks May Lose $3 Billion If LBO Closes
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Boston buyout firms sue banks to force $19b Clear Channel deal
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And We're Off! Clear Channel Litigation Begins
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The Clear Channel dealbreaker revealed
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Judge orders banks to fund Clear Channel buyout
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Clear Channel: What's Next?
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Credit Cards:

Warren, Levitin, and Porter testify before Congress about Credit Cardholders' Bill of Rights
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Aviation:

Airline sector sharply lower as crude spikes above $105 a barrel
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Fare hikes could crimp business class travel
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Don't Pilots' Sacrifices Count?
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Hawaiian, Go plan for Aloha shut-down contingency
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Biscayne Helicopters files for bankruptcy
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GE Capital wants Premair's jet
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Finance:

Citadel Buying Back Loans at Discount: Who's Next?
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Real Estate:

Subprime Autopsy Scorches KPMG and O'Melveny & Myers
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Examiner Report Assails Auditor for Work at Failed Home Lender
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New Century Bankruptcy Examiner Says KPMG Aided Fraud
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Examiner Report
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New Century Bankruptcy a Fee Bonanza
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Tousa Wants Insurer Payment
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New US home sales hit 13-year low
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California freefall: Home prices fell 26% in February
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Housing prices should be allowed to fall -- Paulson
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Home equity loans becoming next danger
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Mortgage crisis needs federal help
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The next bailout: Homeowners
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Moody's tougher on mortgage lenders
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Bus tours show properties in foreclosure
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BFWest files for bankruptcy
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Housing Downturn Hits Lennar
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Minnesota and the mortgage crisis: We've only just begun
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Thornburg Shares Rise 36% on Private Placement
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Legislation to aid home mortgage crisis
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American property dream in tailspin
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Texas couple taken advantage of in bankruptcy case, judge says
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2 women arrested in Livermore foreclosure scam
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Fixing the Housing Crunch
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How Not to Prevent Foreclosures
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'Savvy' Ventures Haunt Builders
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Autos:

Law firm bills Plastech more than $1 million
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Ford Removes Drain, Distraction With Jaguar/Land Rover Sale
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American Axle chief: Jobs can be moved
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Strike may shut first GM car plant
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Wall Street:

Futures Edge Higher Ahead of GDP
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Economists expect little change to GDP
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Paulson Calls for More Oversight of Investment Banks
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Protesters enter Bear Stearns headquarters
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Bear Stearns - JP Morgan Deal: Congressional Review Ordered
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Senators review as Paulson defends Bear Stearns deal
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Lawmakers zeroing in on Bear deal, Fed funding facility
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Let the Litigation Begin
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Bid to Seal Bear Deal
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Bear Stearns CEO Renting Out House
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Bear Stearns lawsuits: Who are these guys anyway?
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Disappointing Data Drag Down Wall Street
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Worthless Wall Street Research
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Pink Slips in a Bloodbath
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Enron:

Citigroup to pay $1.66 bln to settle Enron claims
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Enron Creditors To Get $3.42 Billion From MegaClaims Defendants
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Closing an Enron Chapter
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Government counters Skilling appeal claims
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Earth to Jeff Skilling! Get back to reality
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For Skilling's Appeal, How Key Are the Fastow Notes? Gov't Says Not Very
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Enron shareholder meeting tonight & Saturday afternoon
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Consultants:

Jason Paru Joins MorrisAnderson
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Tax:

Court Offers Insight into Limiting Effect of Tax Injunction Act to Bankruptcy Plans
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Awards:

Coury Inducted As American College of Bankruptcy Fellow
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Fish:

Ecomares faces court battle
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Bankruptcy Crimes:

Judge will consider money, victims in sentencing pair
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Punished for 'acquitted conduct'?
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Theme Parks:

Wild West World finds suitor
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Bankruptcy Research:

Vintage Capital and Creditor Protection
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When Do Firms Default? A Study of the Default Boundary
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Education:

Private Colleges and Universities Feel Impact of Credit Crunch
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New Bankruptcy Opinions
(No 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)
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T-REX
Sell your bankruptcy claim to the highest bidder
Distressed Debt Auctions

Banking:

Central bankers downbeat, Deutsche sees profit threat
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Bank earnings estimates continue decline
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Citigroup Slips After 10 Years as Biggest US Bank
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Analyst says Citi poised for 2008 loss
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Deutsche Bank, Citigroup Lead Increase in Corporate Credit Risk
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Personal Finance:

Boomers are boomeranging back to parents' home
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Bonds:

FGIC: mortgage losses exceed legal limits
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Bond, Loan Markets Remain Wary
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Distressed Investing:

Wilbur Ross Goes Bottom-Fishing
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Hedge Funds:

Pentagon Capital to shut hedge funds
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Nearly 50 hedge funds liquidated last year
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Meriwether Must Scramble Again
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Retailing:

Children's Place Hoop unit files for bankruptcy
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DSW sees drop in same-store sales
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Harvey Electronics, Inc. Announces Extension of Bankruptcy Financing; Will Close Selected Stores
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Accounting:

KPMG enabled OC lender
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When Auditors Cave
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Publishing:

Contention emerges in Ziff Davis bankruptcy case
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Apparel:

Isabella decides to sell out
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Municipalities:

Investment bankers, creditors tell Jefferson County to raise sewer rates
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Security:

PVI survives creditor onslaught
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Debt Collection:

FTC Wants to Intervene in Creditor Settlement
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Politics:

Clinton on Economy, Mortgage Crisis
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Presidential Candidates and Short-Term Fixes
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UK:

Regulator takes blame for Northern Rock
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Warning to banks as King hints at April cut
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King warns of new phase to credit crunch
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Russia:

YUKOS ordered to give $850 mln to shareholders
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Canada:

Pension plan case raises issues on director liability
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Some Canadian investors want ABCP money now
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Were ABCPs insured?
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Crawford Willing to `Make a Deal' With Canadian Debt Investors
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CIBC admits $25 billion in credit-crunch exposure
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Canadian households dodge U.S.-style credit woes
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Bankruptcies soar in Windsor
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Selling the jet to save the firm
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EU:

Amid Warnings, Europe's Economy Is Holding Up
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Germany:

IKB says FGIC lawsuit "unfounded"
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India:

PSEB heading for bankruptcy, says Bedi
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Japan:

BOJ: Japan economic outlook uncertain
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