September 4, 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:

Brown Rudnick makes latest Bear Stearns hire with bankruptcy partner
(DBN Subscription Required)

Make That 37 Partners Who Have Left Heller Ehrman This Year
(DBN Subscription Required)

Eversheds to axe 33 lawyers plus staff
(DBN Subscription Required)

O'Melveny Closes In on Chairmanship Election Results
(DBN Subscription Required)

Judge Orders Oracle Sanctioned Over Ellison E-Mails
(DBN Subscription Required)

No Offer Watch: DLA and Bryan Cave
(DBN Subscription Required)

Does Legal Outsourcing Put Private Information at Risk?
(DBN Subscription Required)

Cadwalader Practice Head Defects
(DBN Subscription Required)

The Cadwalader Files: Partners Are People Too
(DBN Subscription Required)

Summer Wives (Part 1 of 2)
(DBN Subscription Required)

Novel Charges Stand Against Lawyer in Benefits Fraud Case
(DBN Subscription Required)

More Partner Defections From Firm Seeking Merger
(DBN Subscription Required)

Lawyers 'in Love With MoFo' Among those at Big Firms on Facebook
(DBN Subscription Required)

Corporate BigLaw Team Defects
(DBN Subscription Required)

Lawyers Still Lag on the Technology Front
(DBN Subscription Required)

Clients Asking for More Women / Minorities
(DBN Subscription Required)

Fred Baron - Return to Sender
(DBN Subscription Required)

Firm Double Dips Into Bear Stearns Refugee Pool for Hires
(DBN Subscription Required)

Reports: Detroit Mayor to Plead Guilty Thursday Morning
(DBN Subscription Required)

Nifong might lose 3 guitars
(DBN Subscription Required)

Feds Can Review Lawyer's Client Files, Judge Rules
(DBN Subscription Required)

A Real Southern Peach
(DBN Subscription Required)

Say What?!
(DBN Subscription Required)

______________

Judges:

Federal Judge Pleads Not Guilty to Sex Crime Charges
(DBN Subscription Required)

Judge Again Accused of Rudeness, Belligerence Towards Lawyers, Litigants
(DBN Subscription Required)

______________

Bankruptcy Reform:

Warren: Revisiting the 2005 Amendments When Times Get Hard
(DBN Subscription Required)

______________

Autos:

Tough US Auto Market Sees Discounts Losing Their Draw
(DBN Subscription Required)

Kerkorian's firm settles GM stock claims
(DBN Subscription Required)

Carmaker cuts must go deeper
(DBN Subscription Required)

GM, Ford, Toyota post US sales decline
(DBN Subscription Required)

GM, Ford Drag US Auto Sales to 10th Straight Monthly Decline
(DBN Subscription Required)

GM's Wagoner Dismisses Bankruptcy Talk
(DBN Subscription Required)

Auto Industry Sees Signs of Hope
(WSJ: separate paid subscription required)

Big Three have few options other than bankruptcy
(DBN Subscription Required)

Delphi faces counterclaims from investors
(DBN Subscription Required)

Mercedes-Benz August US sales drop 11.8%
(DBN Subscription Required)

Honda Passes Chrysler as Asia Brands Widen US Share
(DBN Subscription Required)

______________

Wall Street:

European Stocks, US Futures Decline
(DBN Subscription Required)

Futures Weaken Ahead of Data
(WSJ: separate paid subscription required)

HK index hits new 1-year low amid growth fears
(DBN Subscription Required)

Commodities bubble burns big investment funds
(DBN Subscription Required)

JP Morgan to exit municipal swaps
(DBN Subscription Required)

Merrill may fail to sell bad loans
(DBN Subscription Required)

Lehman rises on reports of capital injections
(DBN Subscription Required)

______________

Mining:

Asarco ruling: Appeal likely
(DBN Subscription Required)

ASARCO LLC Wins Liability Phase of Fraudulent Transfer Trial
(DBN Subscription Required)

ASARCO Parent Company Makes an Offer
(DBN Subscription Required)

Asarco seeks billions from Grupo Mexico in dispute
(DBN Subscription Required)

Grupo Mexico's Asarco Damages May Pass $200 Million
(DBN Subscription Required)

______________

Credit Counseling:

Debt settlers still on McGraw's radar
(DBN Subscription Required)

______________

Jewelry:

Fortunoff requests Chapter 11 case dismissal
(DBN Subscription Required)

______________

Fraud:

CA Founder Wang `Personally Directed,'Implemented' Fraud, Ex-Chief Says
(DBN Subscription Required)

______________

Resorts:

Double JJ shuts down operation
(DBN Subscription Required)

______________

 

 

Real Estate:

GMAC Plans to Cut 5000 Jobs at Mortgage Unit
(NYT: separate free registration required)

ResCap Campaign To Save $1 Billion A Year Imperils Future Profits
(DBN Subscription Required)

August Foreclosure Rates Show Mixed Results
(DBN Subscription Required)

Foreclosing conflict
(DBN Subscription Required)

Housing's Recovery Won't Arrive Until 2011
(DBN Subscription Required)

Woodside Homes to file for Chapter 11 bankruptcy
(DBN Subscription Required)

Congress is Costing You Thousands of Dollars...?
(DBN Subscription Required)

Hovnanian reports deeper quarterly loss
(DBN Subscription Required)

Toll Brothers Swings To 3Q Loss On Write-Downs; Sales Fall
(DBN Subscription Required)

Fremont General Accepts Resignations Of CEO, President
(DBN Subscription Required)

Another Private Builder Fails
(DBN Subscription Required)

Court Enjoins Installation of Apartment Windows Offering Central Park View
(DBN Subscription Required)

Judge grants short-term funding for Centerpoint
(DBN Subscription Required)

Lenders Move to Foreclose on Macklowe
(WSJ: separate paid subscription required)

More On Commercial Real Estate Foreclosures
(DBN Subscription Required)

______________

Economy:

US Must Buy Assets to Prevent `Financial Tsunami,' Gross Says
(DBN Subscription Required)

Economy 'Slow' in Most of US, Fed's Beige Book Says
(DBN Subscription Required)

Jobless Claims in U.S. Rise More Than Forecast as Employers Face Slowdown
(DBN Subscription Required)

U.S. Companies Reduced Payrolls by 33,000 in August
(DBN Subscription Required)

US Productivity Gain Exceeds Prior Estimate; Labor Costs Fall
(DBN Subscription Required)

US July factory orders rise 1.3%, stronger than forecast
(DBN Subscription Required)

Consumers Scale Back on Luxuries
(DBN Subscription Required)

This credit crunch worse than '90s version
(DBN Subscription Required)

Economic weakness in Southeast continues
(DBN Subscription Required)

______________

Fraternities:

These Greeks are bankruptcy geeks
(DBN Subscription Required)

______________

Corporate Reform:

Ex-Credit Suisse Brokers Accused of $1B Subprime Fraud, Sued by SEC
(DBN Subscription Required)

Oil Data Probed for Manipulation
(WSJ: separate paid subscription required)

______________

Retailing:

Steve and Barry's closing several stores
(DBN Subscription Required)

Mervyn's Sues Ex-Owners, Charges They 'Stripped' It
(WSJ: separate paid subscription required)

Boscov's 'success payments' opposed
(DBN Subscription Required)

Wal-Mart's August Sales Rise 3%, Beating Projection
(DBN Subscription Required)

Discounters Outpace Other Retailers
(WSJ: separate paid subscription required)

Cupertino Square owners file for bankruptcy
(DBN Subscription Required)

August Sales Sluggish for Many Retailers
(NYT: separate free registration required)

Poor retail sales figures weigh on Wall Street
(DBN Subscription Required)

______________

Forest Products:

Workers to protest new owners of Pope & Talbot mill
(DBN Subscription Required)

______________

Record Industry:

Battle Heats Up For Death Row Assets
(DBN Subscription Required)

Death Row Records Co-Founders Lydia Harris and Suge Knight Face Dramatically Different Futures
(DBN Subscription Required)

______________

Hedge Funds:

Brother of Bayou Finance Chief Marino Pleads Guilty to Helping Hide Fraud
(DBN Subscription Required)

Hedge funds face losses on Gustav
(DBN Subscription Required)

______________

ARS:

Auction-Rate Bailouts Bypass Some Investors
(WSJ: separate paid subscription required)

______________

Health Care:

North Oakland Medical Centers sale brings pluses for Pontiac, workers
(DBN Subscription Required)

Lubbock group wins bidding for Highland
(DBN Subscription Required)

______________

Convenience Stores:

Somerset Oil's 12 Gas Stations to be Auctioned
(DBN Subscription Required)

______________

Student Debt:

Most Students Find Loans Despite Credit Crisis
(DBN Subscription Required)

______________

Accounting:

KPMG Cost Them $50 Million In Fake Tax Shelters, Investors Say
(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)

_____________

Banking:

S&P cuts view on 10 US banks, cites housing
(DBN Subscription Required)

______________

Municipalities:

Vallejo, unions wait for bankruptcy ruling
(DBN Subscription Required)

Half Moon Bay officials despondent over failed Beachwood bill
(DBN Subscription Required)

Jefferson County's mess could be rest of Alabama's too
(DBN Subscription Required)

______________

Aviation:

Airline industry to lose US$5.2-billion this year: IATA
(DBN Subscription Required)

Global airlines in deep crisis, 26 go bust: IATA
(DBN Subscription Required)

For airlines, recent strides are only temporary
(DBN Subscription Required)

Midwest Moves to Avoid Bankruptcy
(WSJ: separate paid subscription required)

Republic Airways Holdings recalling 100-plus pilots, flight attendants
(DBN Subscription Required)

400 workers will keep their jobs, Frontier Airlines says
(DBN Subscription Required)

Alitalia Says Colaninno-led Group Made Offer Monday
(DBN Subscription Required)

Alitalia signs agreement with IATA
(DBN Subscription Required)

Zoom's grounding leaves 1200 stuck in Caribbean
(DBN Subscription Required)

______________

Bankruptcy Litigation:

Mervyn's Sues Private Equity Owners
(NYT: separate free registration required)

Mervyn's Sues Ex-Owners
(WSJ: separate paid subscription required)

US auditors call for urgent action on liability reform
(DBN Subscription Required)

______________

Defaults:

'Unforgiving' Lenders May Force Surge in LBO Defaults
(DBN Subscription Required)

______________

Oil/Gas:

Failed energy trader SemGroup owes Fortis $304 mln
(DBN Subscription Required)

Oklahoma may act as Semgroup creditor
(DBN Subscription Required)

______________

Layoffs:

Staff Learns of Layoffs Via E-mail Mistake
(DBN Subscription Required)

______________

Turnarounds:

Turnaround specialists saving troubled firms
(DBN Subscription Required)

_____________

Food/Drink:

Le Nature's legal fees nearly $19 million
(DBN Subscription Required)

Shells seeks bankruptcy protection
(DBN Subscription Required)

______________

Politics:

Obama win would have banks eyeing US Senate posts
(DBN Subscription Required)

Obama says economic issues will decide election
(DBN Subscription Required)

Candidates Need Talent From Big Law Firms
(DBN Subscription Required)

Where Candidates Stand With Small Businesses
(WSJ: separate paid subscription required)

______________

UK:

Bankruptcy calls on debtors rocket by nearly 20%
(DBN Subscription Required)

British central bank holds interest rates steady
(DBN Subscription Required)

Struggling hospitals to be 'taken over' by the government
(DBN Subscription Required)

House prices '10.9% lower than year ago'
(DBN Subscription Required)

House prices suffer biggest fall since records began
(DBN Subscription Required)

U.K. plan for first-time home buyers is sure to fail
(DBN Subscription Required)

______________

EU:

ECB May Keep Key Rate at Seven-Year High on Inflation
(DBN Subscription Required)

European First-Half Loan Default Rate Stable So Far, But Sharp Jump Probable, Report Says
(DBN Subscription Required)

Defaults soar on European leveraged loans
(DBN Subscription Required)

______________

Sweden:

Sweden Raises Key Rate to 4.75% as Prices Accelerate
(DBN Subscription Required)

______________

Czech Republic:

Towns struggle to repay loans
(DBN Subscription Required)

______________

Canada:

Technology Licences Upon Bankruptcy
(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).