January 23, 2007 

Daily Bankruptcy News

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

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Autos:

Auto union may run some retiree benefits
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Detroit's auto makers and the UAW are examining a plan that would shift to the union responsibility for billions of dollars in retiree health-care liabilities
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Ford unveils plug-in hybrid vehicle
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Law:

Simpson Hikes Pay; First-Years Go to $160,000
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Simpson Thacher raises salary bar after 'very busy' year
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Who Has Matched Simpson?
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Simpson Thacher Raises Associate Base Salaries - The Memo
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Simpson Thacher Raises the Bar
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Simpson Thacher sparks pay war with 10% rise
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Two Firms Raise First-Year Salaries
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Private Practice Pay Tough to Pass Up
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Can lawyers both practice law and manage their practice?
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Merger failure leaves Dewey with $89m pensions black hole
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Ravin Greenberg Opens NY Office
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Linklaters favorite falls short in race for top job
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Mintz Cohen hires DLA bankruptcy partner (scroll down)
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Complaint in Stanziale, Trustee vs. Pepper Hamilton
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Angel reveals the truth behind Linklaters' 'realignment'
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Freshfields' support services rejig spells job cuts
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Say What?!
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Preventing Law Firm Managing Partner Burnout
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The Real Implications of the New Rules on EDD
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Criminal Charges Lodged Against Fake Attorney
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Fulbright promotes its first ever London associate
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L'Affair Pellicano: Lawyers and Leaks
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The Dewey, Orrick Merger: Breaking Down the Breakdown
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The growing influence of legal issues on corporate strategy
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LeBoeuf takes advantage of Dewey exodus
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Anonymous Lawyer
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Fulbright & Jaworski to Offer Back-Up Child Care and Elder Care for Employees
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Firm elevates standing of secretaries with typing outsourcing strategy
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In Law Firm Rebranding News . . .
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The Mysterious Logic of Lawyer Advertising
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On Suing One's Own Law Firm
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Corporate Reform:

Rules Harm US Fiscal Markets, Report Says
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Report: NYC may lose top financial spot
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After the Backdating Investigation, Don't Forget About the Taxes
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Take-Two reveals backdated options
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Refco Officers Slapped With Bank Fraud Charges
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The Mcnulty Memorandum: Revising DOJ Policy For Gauging Cooperation And Bringing Charges Against Corporations
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Direction of Apple Probe Clouded by Shakeups in U.S. Attorney's Office
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The Options Paper Trail
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Corporate "Crime" and Punishment
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SEC Accuses 13 More People of Aiding Alleged U.S. Foodservice Fraud
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Boardrooms fighting back
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Banking:

Citigroup on look-out for finance chief
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Bank of America CFO not up for Citigroup role
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Citigroup's Brain Drain
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High-flier Krawcheck's hopes of top Citigroup job dented
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Bank of America Reports Record 2006 Earnings of US$21.13 Billion
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Wachovia saw a 35% gain in net income
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New Shuffle Roils Waters at Citigroup
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Aviation:

Creditors may cool on US Airways' Delta bid
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Delta Faces Congressional Scrutiny and Impatient Creditors
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US Airways says it won't cut service to cities where Delta flies
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US Air's Offer for Delta Loses More Ground With Creditors
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Legislators back Delta in merger bid
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US Airways deal gaining foes
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Experts See Delta Emerging From Bankruptcy without US Airways
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Mesaba Air to exit bankruptcy as Northwest unit
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Mesaba files plan for buyout
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NWA asks judge to deny $1 billion union claim
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AA union to open contract talks
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Comair pilots protest pay cuts by picketing
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United Airlines' UAL Corp. loss at $61 million
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Corti rejects "unfounded" Swissair charges
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Layoffs:

Pfizer to Slash 10,000 Jobs
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Pfizer to cut 10% of workforce as expiry of big patents looms
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Anadarko: 500 job cuts possible
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Health Care:

Hospital debt reaches $7 million
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Tyrone Hospital Officials Hoping To Form Partnership To Save Hospital
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Doctor group joins call for healthcare overhaul
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Millions To Se Taxes Up In Bush Health Plan
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Medwave Receives Audit Opinion Containing Going Concern Qualification
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More middle-class are uninsured (scroll down)
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Minnesota Hospitals Financially Strained By Uninsured
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Sports:

Mike Tyson Pleads Not Guilty to Drug Charges
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Media:

French In Bid To Rescue Air America
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Accounting:

TMNG may restate seven years of earnings
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Firms vie to attract best talent amid huge demand for accountants
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Generation Debt:

Studies suggest materialism has a tighter grip on the young than in the past
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Predatory Lending:

Saying no to payday loans
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Bill limits payday loans to 3 per client
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Debt trap or safety net?
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Hedge Funds:

Hedge Fund Kingpin Hails the "Triumph of Justice"
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Florida Feds Bust Hedge Fund Owners for $194M Fraud
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Debt Collection:

Trends in Debt Collection
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Tax:

Union Sues IRS for Information on Private Debt Collection Program
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Senate to consider bill to repeal IS private collection program
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Tennessee cemetery company files for bankruptcy day before hearing
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Miami's Floors Today ends up in bankruptcy court
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Man journeys from red ink to inner strength
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Mayor, city are sued by mislabeled 'deadbeat'
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Elder Debt:

Retirees feel weight from crushing debt
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Alvarez & Marsal Transaction Advisory Group Continues Expansion of National Practice
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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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Small firms choose State court insolvency
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Private equity houses predict restructuring boom
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State of the nation? Broke
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The Myth of the Rational Borrower -- Pt. 1
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Bankruptcy Reform:

New Bankruptcy Law Aids American Express
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Publishing:

Partial Bailout Offered in Book Bankruptcy
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Simon & Schuster loses AMS bid (scroll down)
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Credit Cards:

American Express Profit Rises 23% as Defaults Drop
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Real Estate:

Kara working out details to auction developments
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Eight indicted in mortgage cases
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Entertainment:

Bankruptcy Lawyer is "Johnny Earthquake"
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Clothing:

Shoe firm seeks help
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Student Debt:

Democrats pass a sham student loan bill
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Student Loan Rate Cut Delivers Less Than Promised
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Pensions:

Warning flags raised on MN pensions
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Mass Torts:

Toxic town waits; cleanup goes on
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Michigan Circuit Court Dismisses GM Asbestos Insurer Complaint
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Royal & Sun shares rise on U.S. court verdict
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Illnesses Rise Amid Ground Zero
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Food:

Ownership group tries to settle up brewery debts
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Creditors to decide fate of WS Lee's reorganization
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Wall Street:

Goldman's McGoldrick, Debt Specialist, Will Retire
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Bonuses: Do these bankers and traders deserve their millions?
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EarthShell files for Chapter 11 bankruptcy
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Low Default Rates to Rise in 2007
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In sickness and in wealth - Open up your heart but protect your credit
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UK:

More money woes for under 35s
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Full Mayflower judgment out
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Tiny (77 sq. ft.) London Apartment on Sale for $335K
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RBA Plastics in administration
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Staff 'livid' at job uncertainty
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With the use of private companies for public sector work, the tricky issue of insolvencies has been raising its head
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Germany:

Kirch creditors lining up for first payments
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Hong Kong:

Half of bankrupt cases in Hong Kong are shopaholics
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Japan:

President of scandal-plagued IP phone firm left Japan with 250 million yen
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