February 27, 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:

Machinists Challenge US Airways' Bankruptcy Shield
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Airbus Rescue Plan Cleared For Take-off
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Pilots union files suit to stop perks
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Pinnacle Airlines Reports Fourth Quarter 2006 Financial Results
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Airlines Face Obstacles Updating Fleets
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Law:

Jenkens Hands Los Angeles Office to Baker Hostetler
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Jenkens closes LA as exodus continues
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Nixon Peabody starts Chicago office by hiring group from Jenkens firm
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Freshfields replaces restructuring chief
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Bankruptcy lawyer heads to Siberia
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Ex-Partner Sues Hunton Over Capital Contribution
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Hunton & Williams In Flap With Former Partners
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Cahill Gordon's Meltzer Leaves for DLA Piper
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The List of Shame Shrinks To Nine
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5,400 Words on Aaron Charney v. S&C
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The Gay Flannel Suit
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Gender Bias at the Supreme Court
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Reed Smith Grabs Dechert Tax Group
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Michigan U.S. Attorney Announces Resignation; Democrat Says It Could Be Forced
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Why Have So Many U.S. Attorneys Been Fired? It Looks a Lot Like Politics
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DLA Piper's growing gains
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JPMorgan guns for Lovells in malpractice action
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Say What?!
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GCs: Firms Fail to Meet Call for Diversity
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Law firm's cookie campaign sends a taste of home to troops
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Lerach firm ejected as lead counsel in fallout from Milberg Weiss indictment
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Manhattan elite lines up for record TXU buy-out
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London's fastest growing US law firms
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New York lawyer accused of stealing bankruptcy estate's money
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Heller plunders second group from WilmerHale London
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'Heavy Hitters' fight back against new lawyer-ad restrictions
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Enron:

Jury selection postponed in Enron shareholder case
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Judge orders state agency to put $70 million of Enron dollars aside
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Bankruptcy Crimes:

Woman Pleads Guilty to Forgery of Bankruptcy Judge's Signature
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Corporate Reform:

Charges Pending in UBS Payoff Case
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Corporate America Fights Back
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KB Home Faces DoJ Probe
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HomeGold: Sheppard stays in prison
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HomeGold: Prosecutors gave investors 'false hope,' judge says
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Ex-VP from AstroPower investigated
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Transportation:

Risky business
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Layoffs:

Abbott to layoff hundreds
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Autos:

China's FAW Group reportedly considers buying into Chrysler Group
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Magna Pursuing Possible Chrysler Buy - Canadian Union
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Union leaders on two continents maneuvered for more say over Chrysler's fate
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Navistar furloughs 1200
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Ford tussles with maker of diesels for F-Series
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Bankruptcy trustee wants probe of Collins & Aikman fees
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Auto-parts maker Dura Automotive seeks extension
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Delphi seeks deeper pay cuts
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Allied, Yucaipa Reach Ch. 11 Deal
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Economy:

Greenspan Warns of Likely Recession
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Unmoved by Greenspan
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Anna:

Anna Nicole Smith Fight Goes to Bahamas
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Sunshine and Judge Seidlin
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Banking:

Doing a big buyout? New loans mean less down
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Banks' reserves to cover bad loans stand at the lowest level since at least 1990, regulators concerned
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Mass Torts:

Armstrong settles with holding company
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Health Care:

Norman Regional purchases Moore Medical Center
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Over-Billing Is Alleged in HealthEssentials Whistle-Blower Suit
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Real Estate:

Subprime Flu Spreads
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Mortgage Mistakes
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Freddie Mac to Tighten Standards on Subprime Mortgage Purchases
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CO Lawmakers Introduce Measures On Mortgage Fraud
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Can't sell, so owners give bank the homes
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NovaStar faces investor lawsuit
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Index Of Subprime Mortgage Derivatives Plunges On Sector Woes
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Warehouse Lenders Feeling The Subprime Pinch
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Accounting:

CFO Turnover Will Soar in 2007
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Predatory Lending:

Debt traps?
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Timber:

Some Palco creditors petition for bankruptcy venue in Texas
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Bankruptcy 101
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MatlinPatterson seeks $4.5 billion for new bankrupt/distressed fund
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Domain name hijacker says he's broke
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Court Gives Werner Creditors More Time
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Ex-sheriff and Ark. congressman jailed by bankruptcy judge
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Going Concern Value Versus Abandonment Option Value in Debt Restructuring Firms
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Small Business Cash Flow Issues Surfacing
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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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Record junk-bond activity may be portent of bankruptcies
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Supreme Court Turns Down Bankruptcy Case Against Professionals
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Religion:

No settlement in sex-abuse suits
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Judge asks diocese to hold off on bankruptcy
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Diocese may pay for San Diego priests' sins
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Credit Cards:

Warren: You Are Pre-Approved--8 Billion Times
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Vytech Industries files for bankruptcy
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Judge OKs loan for Pearlman's Church Street
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FL gov facing the music over Pearlman
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Former boy band manager sued in Ponzi plot
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Gizmondo fraudster sued over Ferrari loan
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Time To Clip The Wings of Vulture Funds
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Pulling a Rabbi Out of His Hat: The Bankruptcy Magic of Dick Posner
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UK:

Liquidation Game over for Ronaldo as his company shuts
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Chunnel operator claims legal victory over security costs
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Herbies claims Eurotunnel arbitration victory
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Mortgage figures decline
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First time buyers 'increasingly' opt for 100%-plus borrowing
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Law firm wins debts contract
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Germany:

BenQ Mobile To Be Sold Off As Last-Ditch Salvation Effort Fails - The company's office equipment, computers, furniture, and even plants will be sold on eBay
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Czech Republic:

Social Democrats fear of bankruptcy due to dispute with lawyer
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Austria:

Austria's GAK facing bankruptcy threat
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Canada:

Martin Presses Government To Help St. Mary's Paper
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Offer for bankrupt Hallmark plant expires noon Tuesday
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Honduras:

Honduras cuts power to customers late on their bills to stave off bankruptcy
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Thailand:

Thailand's iTV heads toward bankruptcy
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Croatia:

Must Bankruptcy Administrators Be Corporate Undertakers? Croatian and European Perspectives of Restructuring in Bankruptcy
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Australia:

Insolvency Law Reform - Key Changes
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