September 9, 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:

Schulte Roth Bankruptcy Leader Joins Bingham McCutchen
(DBN Subscription Required)

Lerach in Lockdown After Allegedly Offering Football Tickets to Guard
(DBN Subscription Required)

Client Sells Privileged Communications
(DBN Subscription Required)

Fannie & Freddie: The Legal Edition
(DBN Subscription Required)

Lawyers Worked for Weeks on Plan for Fannie, Freddie
(DBN Subscription Required)

NY and DC elite line up for US mortgage bail-out
(DBN Subscription Required)

Legal Adviser for Fannie, Freddie Takeover No Stranger to Developing Bailouts
(DBN Subscription Required)

Layoff Watch: JPMorgan Chases Out Bear Stearns Lawyers
(DBN Subscription Required)

Squire Sanders Now Claims Only One Staff Attorney Offer
(DBN Subscription Required)

Sullivan & Cromwell Goetz With the Program
(DBN Subscription Required)

$600K for a Corporate Law Professor?
(DBN Subscription Required)

Yale Law Women List Top 10 Family-Friendly Law Firms
(DBN Subscription Required)

Overseas Practices Keep British Firms Afloat
(DBN Subscription Required)

"Shockingly excessive" - Bingham, Beveridge Overbilled
(DBN Subscription Required)

Court Upholds Couple's Country Club Expulsion After Extramarital Liaison
(DBN Subscription Required)

Judge Who Scoffed at Dispute Between Former Law Partners Is Reversed
(DBN Subscription Required)

In Death Row Case, Judge Orders Depositions Over Alleged Improper Relationship
(DBN Subscription Required)

In a Recession, Lateral Moves Are Strictly by the Book
(DBN Subscription Required)

BigLaw Firm Ships 20 Lawyers to Mideast
(DBN Subscription Required)

US hires lawyer for Google/Yahoo inquiry
(DBN Subscription Required)

Fifth Circuit holds unconstitutional a Texas statute that tolls the statute of limitations against defendants for as long as they are not present in Texas
(DBN Subscription Required)

Plaintiffs, defendants find going slow in federal courts
(DBN Subscription Required)

Bickel & Brewer Disqualified
(DBN Subscription Required)

Duke Has The Worst College Football Team In America, As A Matter Of Law?
(DBN Subscription Required)

______________

Judges:

Justice Breyer Writing Another Book
(DBN Subscription Required)

Lawyers admonished against discussing Judge Kent case
(DBN Subscription Required)

Gag Order Implies Private Hearings for Federal Judge in Sex Abuse Case
(DBN Subscription Required)

How New York Judges Make Fashion Statements
(DBN Subscription Required)

Embattled Judge Recovering from Alleged Frying Pan Beating
(DBN Subscription Required)

______________

Banking:

Wells Fargo sees charge over Fannie and Freddie
(DBN Subscription Required)

Treasury's mortgage bailout a huge boost for B of A
(DBN Subscription Required)

Nevada Bank Failure Highlights Tension
(WSJ: separate paid subscription required)

Some banks hit hard by Fannie, Freddie exposure
(DBN Subscription Required)

WaMu's New CEO Faces Piles Of Delinquent Home Loans
(DBN Subscription Required)

BofA close to new Yankee Stadium deal
(DBN Subscription Required)

Anatomy of a bank failure: Why Integrity fell
(DBN Subscription Required)

______________

Hedge Funds:

Some hedge funds win big with Fannie, Freddie bets
(DBN Subscription Required)

______________

Wall Street:

European Stocks, US Index Futures Gain; Asian Shares Retreat
(DBN Subscription Required)

Stock Rally Poised to Continue
(WSJ: separate paid subscription required)

Fannie, Freddie stock takes nose dive
(DBN Subscription Required)

Who Is Taking the Big Hits on Fannie, Freddie Shares?
(DBN Subscription Required)

Big Board Lets Fannie and Freddie Stay
(DBN Subscription Required)

Markets Hail Fan-Fred Rescue
(WSJ: separate paid subscription required)

Fannie's preferred bloodbath
(DBN Subscription Required)

Lehman tumbles as uncertainty grows
(DBN Subscription Required)

First Bear, Then Fannie and Freddie... Is Lehman Next?
(DBN Subscription Required)

Fuld's plight
(DBN Subscription Required)

Lehman Eager For Help
(DBN Subscription Required)

______________

Municipalities:

Ala. county takes more time to avoid bankruptcy
(DBN Subscription Required)

______________

Newspapers:

Newspapers: The Bennigan's of the Digital Era?
(DBN Subscription Required)

______________

Health Care:

Highland Medical Center sold
(DBN Subscription Required)

Severe debt can cause depression and even suicide
(DBN Subscription Required)

3 top execs leave Good Samaritan Hospital
(DBN Subscription Required)

Hospital, Doctor Deals Up for Review
(DBN Subscription Required)

______________

ARS:

SEC 'Missed Opportunity' to Save Auction-Rate Buyers
(DBN Subscription Required)

Auction-Rate Cleanup Bill for New York State Tops $340 Million
(DBN Subscription Required)

______________

UST:

US Trustee Adopts New Bankruptcy Income Guidelines
(DBN Subscription Required)

Criminal Referrals by the United States Trustee Program, Fiscal Year 2007
(DBN Subscription Required)

______________

 

Real Estate:

Freddie Mac, Fannie Mae Bailout Lowers Mortgage Rates
(DBN Subscription Required)

Calls to Banks Pick Up
(DBN Subscription Required)

Conservatorship is less American than other bankruptcies
(DBN Subscription Required)

Mortgage Giants' Future: A Rebuild or a Teardown?
(NYT: separate free registration required)

Fannie, Freddie Review Uncovered 'Big Questions'
(DBN Subscription Required)

Treasury Found 'House of Cards' at Fannie, Freddie
(DBN Subscription Required)

Fannie Mae and Freddie Mac CEOs to get golden parachutes
(DBN Subscription Required)

Fannie, Freddie Get Tax Pass, Too
(DBN Subscription Required)

Fannie, Freddie Boards Protected from Suits
(DBN Subscription Required)

First the Government Takeover, Then the Lawsuit
(DBN Subscription Required)

Pension Funds Could Sue Fannie, Freddie Boards
(DBN Subscription Required)

Why Didn't US Bargain Harder?
(DBN Subscription Required)

Rating agencies cautiously optimistic about Fannie, Freddie junior debt
(DBN Subscription Required)

Why Paulson had to move on Fannie, Freddie
(DBN Subscription Required)

Big questions on Fannie-Freddie unanswered
(DBN Subscription Required)

The government's rescue plan seems to have spared Fannie Mae's and Freddie Mac's shareholders total eradication
(NYT: separate free registration required)

US rescue of Fannie, Freddie poses taxpayer risks
(DBN Subscription Required)

Playing Both Sides
(DBN Subscription Required)

Fannie, Freddie bailout greeted with cautious optimism
(DBN Subscription Required)

Saving Fannie and Freddie was nationalization pure and simple
(DBN Subscription Required)

Lack of Lasting Fix at Fannie, Freddie Could Hamper Debt
(WSJ: separate paid subscription required)

Fannie, Freddie Seizure Triggers Credit-Default Swaps
(DBN Subscription Required)

Paulson says GSE bailout cost hinges on housing
(DBN Subscription Required)

GMAC in possible bankruptcy mode?
(DBN Subscription Required)

Mortgage Loan Delinquency Rates Rise for Sixth Straight Quarter
(DBN Subscription Required)

Luminent files for bankruptcy
(DBN Subscription Required)

Judge lets Mercury Cos. pay employees' back wages
(DBN Subscription Required)

Delinquent home loans up sharply in Sacramento area
(DBN Subscription Required)

Chap. 11 no bonus block
(DBN Subscription Required)

Condo Buyers in Florida Seek to Exit Deals
(WSJ: separate paid subscription required)

6 Housing Markets That Could Still Crash
(DBN Subscription Required)

______________

Politics:

Reaction to Fannie, Freddie Takeover Split on Partisan Lines
(DBN Subscription Required)

Rescue of Mortgage Giants Displays Paulson's Clout
(NYT: separate free registration required)

Dodd feels misled by Treasury on Fannie/Freddie deal
(DBN Subscription Required)

Senator Dodd Says Fannie, Freddie Takeover Was Likely Weeks In The Making
(DBN Subscription Required)

Candidates React to Fannie-Freddie Bailout
(DBN Subscription Required)

Politics and the Fannie Mae Piggy Bank
(DBN Subscription Required)

Palin's Bailout Statement Raises Questions
(NYT: separate free registration required)

McCain and Palin urge Fannie, Freddie restructuring
(DBN Subscription Required)

Biden, Palin May Loom Large in Judge Picks
(DBN Subscription Required)

______________

Awards:

Corinne Ball Honored by Turnaround Management Association
(DBN Subscription Required)

______________

Retailing:

Feldman Mall reports bleak prospects, bankruptcy possible
(DBN Subscription Required)

Northgate Mall owner operating at loss
(DBN Subscription Required)

99 Cents Only Stores Raises Top Price to 99.99 Cents
(DBN Subscription Required)

______________

M&A:

Huntsman v Hexion: The Exciting Solvency Opinion Testimony!
(DBN Subscription Required)

A Major Deal Lands in Court
(WSJ: separate paid subscription required)

______________

Corporate Reform:

Judge rejects Samueli plea deal, delays sentencing
(DBN Subscription Required)

______________

Enron:

U.S. Court Revives Enron Cases
(WSJ: separate paid subscription required)

Royal Bank still faces Enron suit in Texas
(DBN Subscription Required)

______________

Dot-Coms:

Diet Channel tunes in new owners
(DBN Subscription Required)

______________

Derivatives:

Big Payments Are Expected in Credit Default Swaps
(NYT: separate free registration required)

Fannie and Freddie Just the Beginning of the Derivatives Deleveraging Bailout
(DBN Subscription Required)

______________

Religion:

$660 million priest abuse settlement in question after retired judge's recusal
(DBN Subscription Required)

______________

Telecoms:

Amnex units can confirm plans
(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)

_____________

Economy:

Who Else Can Pile On for a Federal Rescue?
(NYT: separate free registration required)

Aides Defend Bush's New-Found Socialism
(DBN Subscription Required)

US Consumer Credit in July Rises Less Than Forecast
(DBN Subscription Required)

US Financial Services Job Market Is Weakest Since 1991
(DBN Subscription Required)

Fourth-Quarter Hiring Plans at 5-Year Low
(DBN Subscription Required)

Paulson's successor faces more crises
(DBN Subscription Required)

NY Sun on GSE Buyout: Why Not Exxon, Too?
(DBN Subscription Required)

Makes America 'More Communist than China'
(DBN Subscription Required)

London and NY tie in finance ranking
(DBN Subscription Required)

______________

Insurance:

Creditors are taking control of troubled insurer
(DBN Subscription Required)

Reinsurers unscathed by credit crisis
(DBN Subscription Required)

______________

Aviation:

United Airlines says bankruptcy rumor is completely untrue
(DBN Subscription Required)

UAL Shares Swoon After Incorrect Reports on Possible Bankruptcy
(DBN Subscription Required)

Inside The UAL Story Debacle
(DBN Subscription Required)

Should Value Investors Use Stop-Loss Orders?
(DBN Subscription Required)

Five unions reject Alitalia plan
(DBN Subscription Required)

Futura halts flights and lays off staff
(DBN Subscription Required)

______________

Accounting:

PwC results cements dominance
(DBN Subscription Required)

GE warned over accounting practices
(DBN Subscription Required)

______________

Celebs:

Michael Jackson's underwear sale
(DBN Subscription Required)

O.J. Simpson Robbery and Kidnapping Trial Starts Today
(DBN Subscription Required)

______________

Autos:

Ford ready to seek loans guaranteed by government
(DBN Subscription Required)

Mulally hopeful about loan deal
(DBN Subscription Required)

Will mortgage bailout grease the skids for bailout of Big Three automakers?
(DBN Subscription Required)

GM, Ford Bankruptcy Risk May Decline With US Loans
(DBN Subscription Required)

Ford CEO: Lawmakers Back Industry
(WSJ: separate paid subscription required)

Delphi investor urges company's board to take speedy action to cut losses
(DBN Subscription Required)

Sales Slump Hits Luxury Cars
(WSJ: separate paid subscription required)

______________

Electronics:

Mohawk to seek OK for asset sale
(DBN Subscription Required)

______________

Plastics:

Merger makes Rehrig a basket case
(DBN Subscription Required)

______________

Bankruptcy Statistics:

Hawaii bankruptcies up 50%
(DBN Subscription Required)

______________

Layoffs:

Reynolds American will lay off 10% of its U.S. work force
(WSJ: separate paid subscription required)

______________

Computers:

CityNAP heads to bankruptcy court
(DBN Subscription Required)

______________

Private Equity:

LBO slowdown leaves PE firms sitting on billions
(DBN Subscription Required)

______________

Sovereign Debt:

8 megahorror debts chilling the U.S.
(DBN Subscription Required)

______________

Health and Beauty:

Ascendia Brands gets $26M DIP
(DBN Subscription Required)

______________

UK:

UK House Prices Fall as Sales Drop to Record Low
(DBN Subscription Required)

Oh my Darling - Chancellor urged to follow US mortgage lead
(DBN Subscription Required)

BDO to be named Rock valuer
(DBN Subscription Required)

______________

EU:

EU to Cut Economic Growth Forecasts
(DBN Subscription Required)

______________

Australia:

Australia Corporate Bond Risk Increases
(DBN Subscription Required)

Centro Cancels Sydney Mall Sale After Failing to Find Buyer
(DBN Subscription Required)

______________

New Zealand:

New Zealand Dollar Declines on Outlook for Prolonged Recession
(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).