September 19, 2008

The 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:

Bankruptcy professionals in hot demand
(DBN Subscription Required)

Boom Time for Bankruptcy?
(DBN Subscription Required)

Hot: Bankruptcy in NY & Delaware; Cooler: Bankruptcy Practice Elsewhere
(DBN Subscription Required)

Merger or No, Gems Remain in Thelen's Ranks
(DBN Subscription Required)

Which Firm Might be On a Potential WaMu Sale?
(DBN Subscription Required)

Effects of Financial Collapse Worry Lawyers, Law Students
(DBN Subscription Required)

GCs See Major Changes in Company Risk Management in Wake of Wall Street Meltdown
(DBN Subscription Required)

When lawyers parachute into an executive suite in crisis, they may be headed for a fall
(DBN Subscription Required)

With Markets in Turmoil, NY BigLaw Firms Muster for Bankruptcy, Bailouts
(DBN Subscription Required)

Trial of McAfee Former GC Begins, Delay in Disclosing Critical E-Mails Explained
(DBN Subscription Required)

Contract Lawyers, Search Terms Blamed for Late-Disclosed McAfee E-Mails
(DBN Subscription Required)

Crisis on Wall Street
(DBN Subscription Required)

Morgan, Milbank and Heller Ehrman
(DBN Subscription Required)

Heller Is Stuck In A Moment
(DBN Subscription Required)

Freshfields cuts jobs as crunch continues to bite
(DBN Subscription Required)

Thelen Down 200 Lawyers; How Many to Go?
(DBN Subscription Required)

Davis Polk: Making Bank
(DBN Subscription Required)

USA, AIG and the JDs
(DBN Subscription Required)

Labor Department Drops Green Card Audit of Nation's Largest Immigration Law Firm
(DBN Subscription Required)

The American Jury System: A Whole Lot Of Gaming Going On
(DBN Subscription Required)

UK Lawyers Forecast Litigation Rush After US Bank Demise
(DBN Subscription Required)

Exploring Federal Appeals Courts Under McCain, Obama Administrations
(DBN Subscription Required)

Study Supports Elimination of Hundreds of N.Y. Courts
(DBN Subscription Required)

Suits, Legislation Over a Civil Right to Counsel Grow Across U.S.
(DBN Subscription Required)

Median Starting Pay for Legal Services Lawyers is $40K, Survey Says
(DBN Subscription Required)

Gender Equality in the Legal Workplace
(DBN Subscription Required)

For Lawyers, the World Is 'Us and Them'
(DBN Subscription Required)

Lawyer done over by one night conquest
(DBN Subscription Required)

______________

Wall Street:

Stocks Soar Most in Six Years
(DBN Subscription Required)

Putnam Fund closes after investors pull cash
(DBN Subscription Required)

Putnam, Mellon Spur 'Oh, My God' Withdrawals From Money Market
(DBN Subscription Required)

As Money Funds Suffer, Firms Look Closer
(DBN Subscription Required)

US Treasury Announces Plan to Insure Money-Market Holdings
(DBN Subscription Required)

Did a Short-Selling Conspiracy Spark the Stock Market Debacle?
(DBN Subscription Required)

Wall Street's bad dream
(DBN Subscription Required)

Global financial firms face new write-down wave: S&P
(DBN Subscription Required)

China to buy half of Morgan Stanley?
(DBN Subscription Required)

Wachovia's Got Little to Offer Morgan Stanley
(DBN Subscription Required)

Big investors stop lending bank shares
(DBN Subscription Required)

Wall Street's Just Deserts
(DBN Subscription Required)

Short Sellers Under Fire in US, UK After AIG Fall
(DBN Subscription Required)

SEC bans short selling
(DBN Subscription Required)

N.Y. Attorney General Launches Probe of Short-Selling Amid Market Upheaval
(DBN Subscription Required)

______________

Autos:

With Delphi, GM bites the bullet
(DBN Subscription Required)

Auto sales may suffer as banks tighten credit
(DBN Subscription Required)

Uncertainty in U.S. auto industry puts pressure on suppliers
(DBN Subscription Required)

GM Volt: Dream Car or Road to Bankruptcy?
(DBN Subscription Required)

______________

Politics:

Schumer says banks deserve lifeline from Congress
(DBN Subscription Required)

Frank pitches bankers on the merits of RTC for banks
(DBN Subscription Required)

Obama Gains in Polls as Financial Crisis Shifts Focus
(DBN Subscription Required)

Phil Gramm's Fingerprints
(DBN Subscription Required)

Bush says he's working hard on economic turmoil
(DBN Subscription Required)

Bush Cancels Trip Amid Financial Crisis
(WSJ: separate paid subscription required)

U.S. lawmaker seeks AIG, Lehman documents
(DBN Subscription Required)

McCain Says S.E.C. Chairman Should Be Fired
(NYT: separate free registration required)

Obama mocks McCain's call to fire SEC chairman
(DBN Subscription Required)

Bush Emerges After Days of Financial Crisis
(NYT: separate free registration required)

House Republicans Criticize US Action on Crisis
(DBN Subscription Required)

Financial Katrina
(DBN Subscription Required)

Bush economic advisors meet with Pelosi
(DBN Subscription Required)

______________

Derivatives:

It's the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out
(DBN Subscription Required)

Systemic Risk Haunts Credit-Default Swaps
(DBN Subscription Required)

Short-term swaps hit by Japan dash
(DBN Subscription Required)

Warren Buffet's warning on credit default swaps comes true
(DBN Subscription Required)

Buffett's swaps 'time bomb' goes off on Wall Street
(DBN Subscription Required)

Activity in CDS Market Works in the Fed's Best Interest
(DBN Subscription Required)

______________

Retailing:

Versa makes bankruptcy purchase bid for Boscov's
(DBN Subscription Required)

Boscov's: We must find buyer before holidays
(DBN Subscription Required)

Boscov family may be back with bid for department store chain
(DBN Subscription Required)

Boom goes bust - the luxury bubble bursts
(DBN Subscription Required)

______________

Municipalities:

Jefferson County Economic and Industrial Development Authority told not to depend on funds from the county
(DBN Subscription Required)

Muni Market's 'Vallejo' Threatens Police, Firefighters as Labor Costs Soar Investors
(DBN Subscription Required)

______________

Corporate Governance:

Outside Director Liability: SEC Enforcement Action
(DBN Subscription Required)

Revlon Duties Not Triggered in All Sales
(DBN Subscription Required)

Financial disaster ignited by lax boards
(DBN Subscription Required)

______________

 

Real Estate:

California home sales surge as prices plummet
(DBN Subscription Required)

Freddie Mac says Lehman exposure could exceed $400 million
(DBN Subscription Required)

Lehman owes Freddie Mac at least $1.2bn
(DBN Subscription Required)

Tumult builds over alleged 'Lose your home, lose your vote' scheme
(DBN Subscription Required)

North Texas home builder Sheridan is latest to file for bankruptcy
(DBN Subscription Required)

Captain's creditor looks to sell assets
(DBN Subscription Required)

The Finest Foreclosures
(WSJ: separate paid subscription required)

Long-Term Solutions, Deleveraging, and Mortgage Modification
(DBN Subscription Required)

______________

Economy:

Vast Bailout by U.S. Proposed in Bid to Stem Financial Crisis
(NYT: separate free registration required)

Paulson, Bernanke Seek Support for an Agency to Buy Bad Debt
(DBN Subscription Required)

Why the markets love the RTC
(DBN Subscription Required)

America's Treasury, Fed and Congress decide to spend a lot of money to stabilize markets
(DBN Subscription Required)

Financial Cleanup Brings Sense of Relief
(WSJ: separate paid subscription required)

Any Hope for Hope for Homeowners?
(DBN Subscription Required)

Central Banks Add $71 Billion to Ease Credit Squeeze
(DBN Subscription Required)

Tighter Credit Transforming the Economy
(NYT: separate free registration required)

Why Have the Government Bailouts Involved Only a 79.9% Equity Position?
(DBN Subscription Required)

The foundations of US capitalism have shattered
(DBN Subscription Required)

Possible US bailout plan grips Washington, Wall St.
(DBN Subscription Required)

US Treasury to work through weekend on asset plan
(DBN Subscription Required)

U.S. bends the rules of free markets
(DBN Subscription Required)

Not all US companies in financial crisis treated equally
(DBN Subscription Required)

Why did the Fed provide $180B to overseas banks?
(DBN Subscription Required)

Economic Forecast Finds Few Signs of Improvement
(NYT: separate free registration required)

Paulson: Rescue Package Will Require Legislation
(DBN Subscription Required)

The pain on Main Street
(DBN Subscription Required)

US Commercial Paper Market Falls Most This Year
(DBN Subscription Required)

Leading Index Falls More Than Forecast
(DBN Subscription Required)

'Bailout Mania'
(DBN Subscription Required)

US Lawmakers Attack Bailouts as France-Like; French Say Merci
(DBN Subscription Required)

Downturn Drives Up New York's Jobless Rates
(NYT: separate free registration required)

Household Net Worth Drops
(WSJ: separate paid subscription required)

______________

Corporate Reform:

Sue Them, Jail Them, Make Them Pay for Meltdown
(DBN Subscription Required)

Players Remaking Financial World
(WSJ: separate paid subscription required)

______________

Banking:

Washington Mutual Said to Attract Multiple Potential Bidders
(DBN Subscription Required)

Citigroup considers bid for Washington Mutual
(DBN Subscription Required)

Could WaMu survive by selling off key pieces?
(DBN Subscription Required)

Wells Fargo's 'serial acquirer' chairman poised to pick off rivals
(DBN Subscription Required)

______________

Food/Drink:

Reinhold bankruptcy filing falls apart
(DBN Subscription Required)

Millions missing, CEO under scrutiny at bankrupt restaurant firm
(DBN Subscription Required)

______________

Horse Racing:

NYRA emerges from bankruptcy
(DBN Subscription Required)

______________

Tech:

Tech won't be shielded from financial-sector fallout
(DBN Subscription Required)

______________

Insurance:

D&O Insurance: More about Defense Expense and Limits Adequacy
(DBN Subscription Required)

AIG has no plans to shed commercial lines
(DBN Subscription Required)

Accounting rules and short-sellers didn't sink A.I.G. A.I.G sunk itself.
(DBN Subscription Required)

Authorities to vet AIG efforts to sell businesses
(DBN Subscription Required)

AIG's Willumstad walks with $7 million
(DBN Subscription Required)

Pension fund sues AIG in Wilmington court
(DBN Subscription Required)

AIG dropped from Dow Jones Industrial Average
(DBN Subscription Required)

______________

Utilities:

Constellation brought the near-collapse on itself
(DBN Subscription Required)

Buffett swoops to pick up US power company
(DBN Subscription Required)

Collateral, credit crunch took down Constellation
(DBN Subscription Required)

Buffett sees a star in Constellation
(DBN Subscription Required)

______________

Pensions:

PBGC takes over Rand McNally pension plan
(DBN Subscription Required)

______________

Hedge Funds:

Hedge fund closures rising
(DBN Subscription Required)

______________

Nonprofits:

Greater Ford City CDC files for bankruptcy
(DBN Subscription Required)

______________

Sports:

Sports Sponsorships Suffer with the Economy
(DBN Subscription Required)

______________

Accounting:

In Crisis, Fingers Point at Mark-to-Market Rule
(WSJ: separate paid subscription required)

KPMG could pay out $17.6m in court case
(DBN Subscription Required)

______________

Personal Finance:

Crisis Seeps Into Everyday Lives
(WSJ: separate paid subscription required)

______________

Celebs:

200 Pages Of Tape Transcripts Unveiled In O.J. Simpson Trial
(DBN Subscription Required)

______________

Motorcycles:

American IronHorse files plan
(DBN Subscription Required)

______________

Oil/Gas:

Producers for Sem must file by state
(DBN Subscription Required)

______________

 

New Bankruptcy Opinions
(No new opinions 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)
(DBN Subscription Required)

_____________

Aviation:

Airlines shore up cash positions as fuel falls
(DBN Subscription Required)

AMR Corp. raises $300M through common stock sale
(DBN Subscription Required)

Delta, Northwest still wait for Justice approval
(DBN Subscription Required)

Delta: Less cash on hand than projected
(DBN Subscription Required)

Northwest will prepay $300M loan after merger
(DBN Subscription Required)

Workers' cheers greet collapse of Alitalia rescue plan
(DBN Subscription Required)

Alitalia on the brink as offer is scrapped
(DBN Subscription Required)

Berlusconi Under Pressure to Save Insolvent Alitalia
(DBN Subscription Required)

Alitalia airline cancels flights
(DBN Subscription Required)

Alitalia licence may be suspended soon
(DBN Subscription Required)

BA nosedives as top-flight customer base hits hard times
(DBN Subscription Required)

______________

Lehman:

Overview of Lehman Brothers-style Chapter 11 bankruptcies
(DBN Subscription Required)

Bankruptcy judge acknowledges need for quick decision
(DBN Subscription Required)

Barclays announces fundraising plans for Lehman assets
(DBN Subscription Required)

Lehman looking at offloading Japan assets after bankruptcy
(DBN Subscription Required)

Lehman Brothers' Chinese Venture Is Running Well
(DBN Subscription Required)

Linklaters puts 20 partners on Lehman job
(DBN Subscription Required)

PwC aims to sell Lehman Europe assets in days
(DBN Subscription Required)

Lehman's Law Firms Brace for Huge Hit to the Bottom Line
(DBN Subscription Required)

UK Firms May Be Losing Legal Fees in Lehman Brothers Bankruptcy
(DBN Subscription Required)

42% of Lawyers Surveyed Fear Career Fallout from Lehman Woes
(DBN Subscription Required)

The fallout from the bankruptcy of Lehman Brothers
(DBN Subscription Required)

How Lehman Was Allowed to Die
(DBN Subscription Required)

Bankers Survey Shows Opposition to Lehman Bailout
(DBN Subscription Required)

Traders Moved Credit Derivatives Positions Ahead of Lehman's Bankruptcy
(DBN Subscription Required)

Lehman's structured notes put trustees in the spotlight
(DBN Subscription Required)

SIPC To File Lehman Liquidation Proceeding Friday
(DBN Subscription Required)

Shareholders sue Reserve fund for holding Lehman's commercial paper
(DBN Subscription Required)

Kansas firm to handle Lehman bankruptcy filing
(DBN Subscription Required)

List Of Companies Reporting Lehman Bros Exposure
(DBN Subscription Required)

Venezuela Faces Loss on Lehman
(WSJ: separate paid subscription required)

Bank Leumi to sue Lehman Brothers
(DBN Subscription Required)

Bank of New York restructures cash fund on loss
(DBN Subscription Required)

A House Marked by 9 Years of Local Financial Change Now Falls Into British Hands
(NYT: separate free registration required)

______________

Bankruptcy Litigation:

Auditor Negligence Exception to In Pari Delicto
(DBN Subscription Required)

______________

Finance:

Credit woes will likely crimp equipment leasing
(DBN Subscription Required)

_____________

Health Care:

Trinity can use cash collateral
(DBN Subscription Required)

______________

Hotels:

Bray & Gillespie can tap cash
(DBN Subscription Required)

______________

Distressed Investing:

Buffett's Berkshire Accelerates Pace of Acquisitions
(DBN Subscription Required)

______________

Credit Cards:

Moody's Forecasts Weak Credit Card Performance
(DBN Subscription Required)

______________

UK:

Lloyds-HBOS deal to shed 40,000 jobs
(DBN Subscription Required)

Banks Have to Be More Realistic About Risk, FSA's McCarthy Says
(DBN Subscription Required)

Bleak for Britain
(DBN Subscription Required)

How the banking crash unfolded
(DBN Subscription Required)

HBOS - How Did It All Go Wrong?
(DBN Subscription Required)

Lloyds Says HBOS Deal Could Affect Law Jobs
(DBN Subscription Required)

FSA Short Ban Includes Barclays, HBOS, Lloyds TSB
(DBN Subscription Required)

Calls grow for City regulation
(DBN Subscription Required)

City salary and bonus expectations drop
(DBN Subscription Required)

______________

Russia:

Russian Exchanges Remain Closed a Second Day
(NYT: separate free registration required)

Turmoil Threatens Russia's Rise
(DBN Subscription Required)

Players Return To Russian Roulette
(DBN Subscription Required)

Russia Stocks World's Cheapest as Market Surges After Halt
(DBN Subscription Required)

Putin Blames the US for Russian Financial Turmoil
(DBN Subscription Required)

______________

Canada:

RG Mitchell files for bankruptcy
(DBN Subscription Required)

Canada's credit problems not as serious as US: BOC deputy
(DBN Subscription Required)

Laid-off workers, creditors won't be paid a cent
(DBN Subscription Required)

______________

Australia:

Centro Sells Shopping Centers, Assets in Australia, New Zealand
(DBN Subscription Required)

______________

Japan:

Two Lehman Brothers Japan Units File for Bankruptcy Protection
(DBN Subscription Required)

Japan Says Economy 'Weakening,' Keeps View Unchanged
(DBN Subscription Required)

______________

Germany:

Heads Roll in German Lending Bank Scandal
(DBN Subscription Required)

______________

Asia:

Bitter Asians wag the finger at US bank bail outs
(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 (email inquiries are usually answered substantially more quickly than phone inquiries). OUR PHONE SERVICE IS CURRENTLY IMPAIRED AS ARESULT OF HURRICANE DAMAGE. UNTIL THIS NOTICE IS REMOVED, PLEASE COMMUNICATE WITH US ONLY BY EMAIL.