January 12, 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:

The Skies Are Turning Ugly, Combative for Business Travelers in 2007
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AirTran takes offer straight to Midwest's shareholders
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Midwest Air urges shareholders to take no action
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Delta, Northwest merger idea has some unique advantages
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'Delta-Northwest' could hurt
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Law:

Failed NY Firm Fights Malpractice Claim From Bankrupted Former Client -- Waited Too LOng To Advise Bankruptcy Filing?
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Firm Looking to Merge Moves Alumnus of Targeted Firm Up the Ladder
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Jean Soh Joins Dykema
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Can Small Firms Handle Big, Complex Cases?
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Can you find the loophole in Bill Lerach's sworn statement?
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Say What?!
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MergerWatch: Year End 2006
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The Event Horizon for Law Firm Leaders
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ACC Survey: More Law Firm Work?
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GCs Likely to Spend More on Outside Counsel This Year
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Drinker Biddle Makes Changes to Reflect Post-Merger Identity
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Partners in fist-fight, Again
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Anonymous Lawyer
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Wilmer Hale loses entire Munich office
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Lawyer Accused Of Running Escort Service
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Firm apologizes for inappropriate advertisement
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A Lawyer Enters The Movie Business
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Randy protest at Milbank
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"New Year, New Job!"
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Akin Gump ditches Brussels to focus on China
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More lawyers seek help for stress and drink
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For White & Case, Global Expansion Was the Easy Part
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Firms Fret as Office E-Mail Jumps Security Walls
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Firm's Employees Get Their Walking Shoes
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After merger, legacy Richards Butler lawyers hit out at promotions process
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Lawyerly Lairs: Check Out "The Stouthouse"
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Reed Smith plans 40 per cent post-merger growth
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Corporate Reform:

Shareholders want Nardelli's pay
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Home Depot investors seek more governance changes
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Federal authorities are actively investigating a backdated stock-option grant awarded to Apple CEO Steve Jobs that carried a false October 2001 date.
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HealthSouth Gets Court OK to Settle Suit For $445M
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Attorney asks for Wittig's release from prison
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Tyco's Kozlowski Hospitalized
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HP spy defendant to aid prosecutors
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Hedge Funds:

DOJ indicts KL hedge fund principals
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Pensions:

Cities' pensions fall short
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Autos:

Judge considers investor group plan to buy Delphi stake
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Delphi execs defend bailout plan in New York bankruptcy court
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Ex-Delphi worker's stock loss highlighted in bankruptcy case
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Delphi Bankruptcy Exit `Critical,' Canadian Union Chief Says
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Delphi Retains W.Y. Campbell & Company to Coordinate Sale Process for Mounts Business
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GM says 2007 inventory to remain flat
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GM to Keep Burning Cash
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Auto supplier Visteon predicts profit in 2009 or beyond
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Tower Automotive Announces Termination of Equity Rights Offering Term Sheet; Evaluating Proposals From Multiple Interested Investors
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American Axle says 1473 workers leaving
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GM Bankruptcy Risk at 22-Month Low, Credit Swaps Show
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Tower Auto Investors Won't Underwrite
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The UAW, Marching In Reverse
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Retired Ford executives lead charge for Delphi
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How Henry Made it Somebody Else's Problem
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Health Care:

Two Troubled Hospitals Get New Lease On Life
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Parkway Sues To Stay Alive
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Hospital closing plan comes under fire
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Katrina:

State Farm Must Pay Couple $2.7 Million for Katrina
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Accounting:

The Next Enron
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Accountant pleads guilty in KPMG case
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US regulator critical of E&Y, KPMG audit work
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Religion:

Judge allows sex abuse lawsuit against Vatican
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Diocese of Davenport real estate for sale
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Mass Torts:

The $40 Billion Scam - How slick lawyers have turned a genuine health crisis into a ripoff you won't believe.
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Asbestos Liability "Occurs" Again and Again and Again and . . . .
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Armstrong may sell European holdings
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Food:

Brewery workers' vote could end union
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Put up or shut down, agency says to brewery
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Federal grand jury investigates LeNature's
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Real Estate:

Suit blames Brasota lawyer
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Brasota trustee suing Broad and Cassel law firm
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Pre-Auction Negotiating
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Bankruptcy Reform:

Utah bankruptcies fall 77%
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Ninth Circuit Reappoints Bankruptcy Judge Robles to Central District Court
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New Bankruptcy Opinions
(No new opinions 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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Creditors challenge Malden Mills bankruptcy protection
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Student Loans:

High Student Loan Interest Rates Increase Burden
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Layoffs:

Boston Globe details layoff plans
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Anna:

Forum-Shopper of the Year
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Enron:

Enron Defendants Still Being Dropped Like Flies -- Now Go the Broadband Guys
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Telecoms:

RNet files for Chapter 11 bankruptcy
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Religion:

Vatican Can Be Sued Over Bishops' Conduct, Judge Says
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Judge orders Springfield Diocese to release documents to insurers
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Credit Cards:

Credit card delinquencies, based on total dollars outstanding, rose for the fourth consecutive quarter
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Buyers specialize in reviving companies
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Fabrikant's lenders settle for 55 cents on the dollar
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The Uncle Tom's Cabin of Commercial Law
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Warning signs fail to dampen high-leverage loan market
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Heavy Legal Fees in Prosser Cases Becoming Cause for Concern
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Naturade Receives Court Approval for Reorganization Disclosure Statement(MWR
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Specialty Filaments Inc. to file for bankruptcy
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Sale-Backs in Bankruptcy
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UK:

Bank of England Unexpectedly Raises Interest Rates
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New agency aims to reduce stress of debt
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2007 to See a Rise In Bad Loans According To Banks
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Experts warn on mortgage crisis
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Debt firm strikes money-spinning deal
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Warnings of disaster as cost of borrowing rises
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Failing SMEs opt for professional support when closing down
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Australia:

Bankruptcies set to climb - industry expert
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Phone retailers feeling rung out
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Federal govt blamed for bankruptcy rate
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Germany:

Former chief financial officer of Siemens questioned in corruption case - Company's survival at stake
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Canada:

Pulp mill sale expected to receive court's blessing
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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