April 24, 2007

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Bankruptcy News on the Internet 

Also available on the Web (with links to the news stories) http://bkinformation.com/News/DailyNews.htm
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

Delta Air Lines cuts first quarter loss
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Delta, Northwest bonds soar; bankruptcies near end
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Should you buy Delta Airlines stock?
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Delta expects to soar after exiting Chapter 11
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Progress Reported In Northwest Airlines Flight Attendant Talks
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Clock is ticking on NWA flight attendants
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Delta Pilots Take Cash, Not Shares
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Security Aviation on auction block
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Deloitte puts airline fraud at $600m
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Law:

Will Associate Pay Hikes Fracture the BigLaw Machine?
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DOJ Defections Grow as Prosecutor Firings Controversy Builds
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How law firms must weigh associates' needs against those of the business
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Law Firm Economic Survey
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Young Lawyer Wins Trump Job on "The Apprentice"
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Attorney The Donald Rejected Poses for Playboy
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Left-Coast Firm Loses Rainmaker as Partners Continue to Head for the Exits
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Lawyer of the Day: Kenneth Heller
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No big pay hike expected after Allen & Overy announces salary increase
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Firing Law Firms
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Stephen D. Susman Once Again Named Commercial Litigation Lawyer of the Year
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Law Firm Leaders Can Learn From the CEO Approach to Communications
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Minnesota's U.S. Attorney Paulose is the epitome of low profile public official
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Bronfman v. Snyder: An Entertaining Legal Spat
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Banking:

It`s raining jobs; foreign banks to hire over 50000 in India
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Health Care:

Samaritan's bankruptcy stirs worry
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NJ may shut some struggling hospitals
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State officials rejected PG hospitals bid
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Bankruptcy Reform:

Debt gag order tossed
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New York Bankruptcy Court Applies Prior Lien Defense To Post-BAPCPA Reclamation Claims
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Sports:

NYRA casino hearing adjourned
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Legal Education:

Beyond Bankruptcy
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Credit Cards:

Reckless Unreckless Lending
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Tenacious Collector Can Be Distressed Company's Unsung Hero
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Autos:

Chrysler bidding heats up this week
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Chrysler's Predicament
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US trustee is troubled by Dana's rising Chapter 11 bills
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Dana's '07 bankruptcy bills could be $180M, trustee warns
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Dura Auto plans equity rights offering to fund Chapter 11 exit
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Toyota overtakes GM in global vehicle sales
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Analysts predict auto sales slowdown
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Student Debt:

Three states reach student-lender pacts
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Shady practices taint college loan business
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An Education Department aide reported holding over $50,000 of stock in Sallie Mae after being hired by the agency that regulates the student-loan company
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Universities Reach Agreements on Student Loan Conduct
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How to find the right student loan in the face of scandal
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Attorneys General Follow NY's Lead In Probing Industry
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Pa. student-loan agency adopts lending ethics policy
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A Student Loan Program Without a Middleman
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Layoffs:

Tribune announces 250 job cuts in Chicago and Los Angeles
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Stoughton Trailers To Lay Off More Than 1,100 Workers
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Barclays clinches ABN deal, will cut 12800 jobs
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More Mortgage Job Cuts in Texas
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Religion:

SD Parishes ask court to allow construction
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Telecoms:

Verizon vs Vonage: Patent battle back in court
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Mass Torts:

Congoleum Corporation Gets Another Going Concern Warning
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Oil/Gas:

Raptor Capital Corporation announces intention to reorganize
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Enron:

Enron Treasurer Ben Glisan Out of Prison after Three Years
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Corporate Governance:

Outside Director Liability: A Perfect Storm
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Co-Head of Alvarez & Marsal's Corporate Finance Group Inducted as a Fellow to The American College of Bankruptcy
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Stakes Rise Over Debtors' Duty to Preserve ESI - Obligations Arise When Litigation Is 'Reasonably Anticipated'
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New Bankruptcy Opinions
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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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Utilities:

Cleco reaches settlement with Calpine
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S&P cuts Ameren ratings
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Corporate Reform:

HealthSouth's Scrushy to Pay $81 Million in SEC Suit
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Auditor Testifies in Conrad Black Trial
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Hollinger's Boultbee Hid Payments, Auditor Says
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Directors and officers are seeking greater personal protection against lawsuits, even as securities fraud claims against their companies decline
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SEC Plans to File Civil Suit Against Former Apple GC Over Stock Options
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Apple's former finance chief, Fred Anderson, settled with the SEC over alleged stock-option backdating
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Stress and Long Hours Prompt Employees to Lie, Cheat, and Steal
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Agriculture:

Going 'organic' can bankrupt small farms
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Food/Drink:

Bottled-water company owner hopes bankruptcy saves firm
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Real Estate:

Subprime Bondholders May Lose $75 Billion in U.S. Housing Slump
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Kara will try to complete two projects
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KPMG Files Suit Against Fannie Mae
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CA subprime loan aid possible / Assembly committee supports creating a pool of money to help with refinancing
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Ohio Tries to Fend Off Foreclosures on Home Loans
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Broken promises, broken homes
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Placing bets on housing future
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More Gloom Possible On Home Sales, Prices
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FL pounded by foreclosures
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Five Steps To Prevent Big Mortgage Trouble
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Minneapolis owners losing homes at record pace
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Just 44 percent of March mortgages used for OC homebuying were fixed rate
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Foreclosures soar in R.I.
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Predatory Lending:

'Payday lending' restrictions get initial AZ House OK
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Lenders accused of preying on blacks
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Economy:

Outsourcing, core part of business
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UK:

Debt-a-Holics find insane reasons to borrow
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