February 13, 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:

Northwest Attendants Want Out of Pay Cut
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Comair mulls pilots' contract proposal
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Comair, pilots strike deal
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Pension agency sells stake in US Airways
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Law:

In Wake of Seven Firings, Branches Clash Over Interim U.S. Attorney Nominees
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LeBoeuf builds Moscow with DLA Piper partner
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Email of the Day, By Gibson Dunn's Larry Simms
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Revenue up 12% but profits flat at Bingham
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Bonus programs not improving performance
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Dechert DC's FSG Favoritism?
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ABA may adopt conduct rules for judges
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Why Do GCs Fire Firms?
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At Libby Trial, a Boondoggle of a Time
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Say What?!
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Was Milberg satisfied, or just shy?
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Law Firm Policy Manual for the MTV Generation
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$49M Disappoints Some in Lawyers' Class
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Ex-Fed Chair Paul Volcker Says Judges are Underpaid
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Pepper Hamilton Names Gussack as Chairwoman
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Ex-Partner Sues Steel Hector and Merger Partner Squire Sanders for Breach of Contract
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Adelphia:

Adelphia bankruptcy exit plan ruled effective by judge
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Adelphia bankruptcy exit unshackles IPO
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Health Care:

St. Vincent Files Chapter 11 Plan
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Hospital system eyes end of bankruptcy in 4 months
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Doctors seeks passage to solvency
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Government intervenes in HealthEssentials suit
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Corporate Reform:

SEC Seeks to Curtail Investor Suits
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Qwest, Ex-CEO to Pay $46.5M to Settle Securities Fraud Suit
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Innocent beneficiaries of options get a break
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Not All Backdaters May Be Charged: SEC
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SEC May File HomeGold Charges
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Court decision boosts options-backdating lawsuit
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McAfee's Former Top Lawyer May Face Charges
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Is the DOJ "Forum Shopping" in Cybercrime Prosecutions?
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Foamex says emerges from chapter 11 bankruptcy protection
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Autos:

Former Ford workers watch mail and wait
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Cerberus may be close to buying auto-parts maker
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Auto parts sector tightens its belt
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Delphi Posts Wider 3Q Loss on Costs
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Ex-WCI owner pursues Delphi
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Economy:

House Panel Approves $1.3B in Tax Breaks
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Indexes drop as oil sinks, home loan woes persist
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Real Estate:

Bankruptcy judges back homeowners
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New Century Financial Faces Legal Troubles Over Subprime Fallout
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Foreclosure Failures
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Chill wind blows into real estate's cozy profit haven
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Lenders Direct Capital Corp. Weary of Subprime Lending
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ECC sells operations to Bear Stearns, pays the banker $7 million
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Subprime loan boom sinking
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Massachusetts and Florida Report Highest Foreclosures for Month of January
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Bulk Sales Planned In New York
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Mass Torts:

Judging Asbestos
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Hardie makes first asbestos payment
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Fla. Appeals Court Upholds Asbestos Medical Criteria Law
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Publishing:

Buyer Seeks Majority of Advanced Marketing Services
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Southtowns Citizen files Chapter 11 bankruptcy
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AMS plans to sell off business to a rival
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Anna:

Stern Vows To Keep Smith's Mom Away
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Corporate Governance:

Directors Less Liable in Delaware Ruling
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Hedge Funds:

A year after its collapse the Bayou Group hedge fund may take down dozens more unsuspecting investors
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Credit Cards:

Bank of America has begun offering credit cards aimed at illegal immigrants
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Pensions:

Utility pension trial under way
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Lionel Seeks Extension for Ch. 11 Plan
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New Bankruptcy Opinions
(1 new opinion 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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Bankruptcy Court Decides When Trade Vendor Priority Claims Get Paid
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Enron:

Enron case rolls back investor safeguards
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Leonardo DiCaprio Headed for the Corporate World
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Re-reading the Fifth Circuit's Denial of Skilling's Bail Pending Appeal
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Media:

Air America Radio Gets OK for Auction
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Layoffs:

Harley lays off 440
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Bankruptcy Crimes:

Ohio defendant pleads guilty to bankruptcy fraud and forging bankruptcy judge's signature
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Cross-Border:

Chapter 15: The Bankruptcy Code's New Cross-Border Insolvency Rules
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Tax:

To date: IRS Use of Private Contrators Nets $11 Million
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Privilege Standing Committee Update
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ChoicePoint(R) Sells Bulk Bankruptcy, Liens and Judgments Records Business; Enters into Long-Term Access Agreement
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UK:

Bankruptcy or an IVA?
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Bills pile high as NHS fails to pay suppliers
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Book retailer enters administration
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The school age borrowers
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Rogue directors to escape board bans
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Watchdog to rule on Railtrack
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Boom times are good for going bankrupt in the United Kingdom
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Russia:

Yukos owes more than $26.8 bln, bankruptcy supervisor says
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China:

Ripoff Nation
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Japan:

Japan January Corp Bankruptcy Cases Up 15.3% On Year
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Canada:

Lacroix asks help in paying legal bills
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