February 21, 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
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Aviation:

JetBlue Shares Fall Most in 7 Months on Flight Delays
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JetBlue says delays could cost $30 million or more
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JetBlue vows to win back passengers with customer bill of rights
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US Airways CEO's Wings Clipped
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Supreme Court won't hear appeal over UAL Corp. stock plan
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AA pilots utter "strike" word
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Western Airlines cancels all flights
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Law:

Insolvency head Shandro quits Freshfields for UCL
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Associate Pay Raises: Updated List of Shame
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Sullivan & Worcester Names New Bankruptcy Partner (scroll down)
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Oops! Orrick Associate Lets Slip Mercury Backdating Document
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It's 10:00 a.m. Do You Know Where Your Associates Are?
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NY Prosecutor Suspended For Allegedly Leaking Docs to Defense Lawyer Fiance
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The email is more deadly than the mail
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Magic Backdating Ink and Mercury Interactive
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A Hearing Without Being Heard - As Justices Take Case, Plaintiff Finds It Has Little to Do With Her Anymore
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Calif. jury: Law firm must pay in sex suit
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Firms Taking Steps to Train Nonlawyer Staffers
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NY Firm Loses Bid to Seal Bankruptcy Files It Says Could Defame It
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Law Students Get Busy
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Lawyer Asks For More Fees - Forced Into Bankruptcy After Hard Money Lenders Finance Contingency Case - Judge Says He's Already Overpaid
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Say What?!
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Pepper Increases Revenue, RPL and Equity Tier
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The glass ceiling
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Vanessa Gilmore: A Delicious Judicial Diva
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High Court Rejects $79.5 Million Award in Philip Morris Case
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Businesses hail court ruling on jury awards
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Ex-A&O partner Harray to rebuild Milbank London corporate team
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DLA Piper plugs into Phoenix
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Legal Departments Tell Firms: Get on the Tech Train
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Investigator Pleads Guilty to Fraud Against Law Firms
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Attorney Facial Hair
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Enron:

Ex-Enron official's fate again on the line
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Meet the Men Who Fleeced Enron
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Layoffs:

Kraft may cut 8,000 jobs
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German and French Leaders to Meet on Job Cuts at Airbus
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Predatory Lending:

VA gov says he wants tighter cap on payday loans
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Payday Lenders Opt to Regulate Themselves
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Corporate Reform:

Wall Street's Next, Big Scandal? Genius At Work, Or An Unfair Edge?
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Stock-trading guru Wade Cook found guilty of seven of eight criminal counts
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Fannie Mae said it won't pay $44.4 million of shares previously promised as bonuses to 46 current and former executives
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Backdating: Not a "Judgment Call" - No business judgment protection
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Media:

Time Warner Cable execs receive bonuses for Adelphia success
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Bankruptcy trustee alleges Eimicke Associates' principal concealed assets
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Autos:

Nissan offers US workers early retirement as truck, SUV sales slip
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Ford misses some buyout goals; workers face layoffs
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New UAW pattern: givebacks
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1 or 2 Ford departments hit hard by buyouts, early retirements
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Kicking Chrysler's tires
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New hope for Delphi workers
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JP Morgan may auction Chrysler
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DaimlerChrysler faces break-up but who wants to pick up the pieces?
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If Daimler ditches Chrysler, whither Detroit?
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Many Are Eager to See Data on Chrysler
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GM Purchase of Chrysler Has 50% Chance, Merrill Says
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Union Objects to Bonuses for Dura Execs
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Delphi Signs Non-Binding Term Sheet With the Renco Group for Sale of Interiors and Closures Business
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Hedge Funds:

Prime brokerage executive quits Bear Stearns
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Analysis: United States: Bankruptcy Court Orders Return Of Over $140 Million of Margin Payments Made By Hedge Fund To Prime Broker
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Sports:

Off-track outlet sues NYRA over settlement payout dispute
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Economy:

Elizabeth Warren on Debt and the Middle Class
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Consumers More Satisfied Than Ever
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Real Estate:

The 'Mysterious Magic' of Subprime Lending Has Faded
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Wholesale Lenders Decline
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Is the Roof Falling on Housing?
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Home Depot's profit fell 28%, amid the housing slowdown
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Fears of increased mortgage defaults put spotlight on subprime lenders
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Risky loans come home to roost
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Mortgage lender to cut 250 jobs
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The mortgage bomb
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Popular Still, Risky Loans Driving Lender Changes
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Zero-down mortgage lenders folding
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'Short Sales' Rise As Housing Market Cools
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NovaStar Flames Out
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Credit Cards:

Charge for NOT using a credit card
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Bankruptcy Crimes:

Operation Truth or Consequences defendant to change plea to bankruptcy fraud indictment
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Youth Debt:

Get Out of Generation Debt
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Banking:

KKR, Blackstone Push for Lowest LBO Rates as Bankers Roll Over
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Pensions:

Pension gap divides public and private workers
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Wall Street:

IPOs Shun U.S. Exchanges While Wall Street Collects Record Fees
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EPIQ's earnings, revenue rise in 2006
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Film shows despair under mountain of debt
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The Best Way to Protect Yourself When the Global Liquidity Bubble Pops
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Profiting From Economic Hardship
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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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Religion:

Plaintiffs urge San Diego diocese to avoid bankruptcy filing
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Health Care:

Ex-Kessler workers disappointed with how they were treated
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Moore hospital files bidding procedures
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Mass Torts:

US Supreme Court Lets Stand Tax Rulings Against Coltec, Dow
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120,000 more to die in a decade as legacy of asbestos reaches a peak
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Anna:

Anna Nicole Smith: The Legal Afterlife
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The Very Strange Anna Nicole Smith Video - Howard Stern, Filmmaker
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Anna Nicole Smith's will
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Anna Nicole Smith Judge Wants TV Show, Report Says
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Bankruptcy Court Explores Elements of Identifying a Foreign Debtor's "COMI" in Chapter 15 and the Consequences of "Recognition" of a Foreign Proceedings as "Main" or "Nonmain"
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SPinX Chapter 15 Opinion Misses the Mark
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UK:

Towns top bankruptcy league
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Pensioners whose companies went bust win key case against government
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New mortgage loans hit record despite rate rises
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Payment of Preferential Creditors by Administrators Under Pre-Enterprise Act Administrations

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Russia:

Court recognizes bankruptcy of VIP-Bank
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Assets of Bankrupt Yukos to Be Auctioned
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Yukos creditors' committee sets out asset sale terms
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Canada:

McCarthy Tetrault Gains a Wealth of Experience in Cross-Border Restructurings With the Hire of Kevin McElcheran
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Predicting Business Failures in Canada
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Singapore:

When debtors fight back
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Italy:

Parmalat: Prosecutor Rejects Tonna Plea Agreement
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Capitalia Rift Could Spur CEO's Ouster
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Australia:

Australian Shareholders Given Equal Standing With Creditors in Insolvency

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Hong Kong:

Court of Final Appeal Affirms Wide Powers Under Section 221, of the Companies Ordinance to Assist Liquidators' Investigations

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Brazil:

Brazil Modernizes its Insolvency Law

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China:

Influence of China's New Enterprise Insolvency Law on International Investors

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Italy:

Deloitte ordered to pay £66m in Parmalat settlement
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EU:

EU Opens Probe Into Polish Government Aid For Techmatrans
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