January 5, 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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Autos:

Ford CEO discusses Ford's future, the UAW and Toyota
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GM 'will impose further job cuts'
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GM says Delphi reorganization bid could delay deal
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Toyota shows Detroit no mercy
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GM CEO: Most Key Delphi Issues Settled; Hurdles Remain
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Toyota bumps Chrysler to No. 4 in US sales
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Chrysler vehicle bank drops below 10000
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GM vows to defend title against Toyota
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KMPG: Hybrids, Mergers Will Rule Industry
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Dana Corporation Seeks Court Approval to Amend DIP Credit Agreement
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Quebec economy hit as Goodyear cuts 1000 jobs
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Canada auto industry to shrink over 5 years: KPMG
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Goodyear Credit-Default Swaps Fall After Labor Pact
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Offshoring Delphi jobs hurts US
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Is General Motors Spinning Its Wheels?
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Law:

Orrick and Dewey Cancel Merger Amid Growing Differences
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Dewey, Orrick Merger Is Off
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The Merger of 2006 Undone in 2007
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More on the Death of Dewey-Orrick
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The Announcement Email
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Issues of Power, Prestige Doom Law Firm Merger
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Squabbles derail major US legal merger
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How's That for Timing--Another Partner Leaves Dewey
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Husch & Eppenberger downsizing, dropping some bankruptcy areas
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Clearys' London associates to pocket £100k
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Anonymous Lawyer
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Say What?!
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What a GC Might Ask
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A Firm's International Headache
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Congressional Investigations: Big Business for D.C. Law Firms
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White & Case: Christmas is a time for billing
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Compulsory carol-singing shock at firm
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Ready to produce IMs in court?
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Firm Redefines Color of Money With Diversity Goals
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A UK View of Law Firm Liquidity
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Why businesspeople hate lawyers
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Corporate Reform:

Here's $210 million; now please go away
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Critics furious over Home Depot CEO's departure package
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Nardelli Principle at work
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Nardelli's 'Severance'
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Nardelli's Ouster Shows GE's Welch Picked Right With Immelt
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CEOs get big bucks, even if they fail
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Nardelli's exit deal may speed up law on execs' pay in US
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A Director Decides to Override a Friendship
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How outrageous is your parachute?
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Pay a longtime issue for exiting Home Depot CEO
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Home Depot's Board Is to Blame for Nardelli's Whopper Compensation
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How the Thompson Memo Came to Be
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$50M Arbitration Award Upheld for Fired CEO
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Adelphia's Rigas, Facing Jail at 82, Says He Made Mistakes
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Aviation:

Insolvent Delta signs letter of intent to purchase up to 60 Bombardier planes
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Northwest Airlines says deal to buy Mesaba has been negotiated
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Northwest Agrees to Buy Feeder Mesaba
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Deadline set for Mesaba parent
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Comair, pilots union set talks, agree to use mediator
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Frontier pilots union to vote on new pact
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Unnamed Italian-led group ready to bid for Alitalia
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AirTran warns of 4th qtr. red ink
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SkyMiles: Use 'em or lose 'em
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Independence Airlines is no longer alive, but stock may be
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Retailing:

Nation's retailers report disappointing December sales
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Gap woes deepen in bleak holiday season
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Gift-card rescue?
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Economy:

As jobless claims shoot up, Indiana tops in jobless claims growth
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Democrats to get tough with Fed
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US service sector growth slows
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"Too Much Capital (Again?)?"
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Is There an Inflation Lobby?
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Real Estate:

More home buyers default
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Deal for former fish camp moves forward
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Sports:

New York committee to release report later this month
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Motion Seeks Dismissal of NYRA Bankruptcy
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Unions:

Study links fall in union members to activist firings
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Religion:

Spokane Diocese Settles Sex Abuse Claims
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Municipalities:

Bankruptcy for Marion?
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Los Osos board wants LeGros off debt panel
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Economy:

American Roulette
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Intellectual Property:

Ipix bankruptcy patents sale challenged
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Publishing:

Distributor's Bankruptcy Rattles Book Industry
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Accounting:

KPMG in dispute over TV cartoon -- Senior partners involved in accusations over insolvency of animation group
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Moore Stephens faces £90m lawsuit
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Clifford Chance fails in first bid for $5.5m Brobeck costs
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My God How the Money Rolls In...
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Foamex Commences Rights Offering
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AMS gets judge's nod for loans
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Bankrupt Amtrol can stay open
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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)
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Bankruptcy Boot Camp
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Judge Real removed from discrimination case -- A federal appeals court says it's troubled by Manuel Real's 'apparent unwillingness' to abide by its orders to correct his errors in the trial
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Utilities:

Calpine Power urges rejection of Harbinger bid
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Calpine Board Recommends Holders Reject Harbinger Bid
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Bankruptcy Court Approves Sale of Calpine Land Lease
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Lawmakers Battle Over ComEd Rate Hike
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Asset Protection:

States Becoming More Aggressive In Medicaid Estate Recovery Programs
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Enron:

Dan Petrocelli: See You in the Court of Appeals
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John Hueston: "Enron Was Both a Mystery and a Puzzle"
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Health Care:

Norman Regional to bid on MMC; 'stalking horse' bid out
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Hospital merger studied
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Credit Reporting:

Free Annual Credit Reports, Except for One Detail...
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Food:

Lawyer: LeNature's hid $120M
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Layoffs:

Huntington plant lays off 112 workers
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Bingham Adds New Bankruptcy Partner in Hartford
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Reverse Mergers: They're Back!
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Marcal Paper Gets Bankruptcy Court OK For $84.5 Million DIP Loan
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Increase in bankruptcies is predicted
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UK:

DLA Piper and Salans save Little Chef's bacon
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Debt expert's view on KMPG's mushrooming insolvency predictions
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Co-op rolls out Experian debtor risk assessment technology
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Website Launched to Informally Regulate IVA Industry
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Indonesia:

Foreign enterprises race to acquire bankrupt footwear firms
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Czech Republic:

Czech government saving Steyr from bankruptcy
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Germany:

BenQ Says Unit's Shutdown
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Insolvent BenQ Mobile attracts interest from second investor group
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Norway:

Eeuw, This Won't Help Our Standing in the League Tables
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Ireland:

Firm liquidations fall to new 20-yr low
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Italy:

Parmalat: Italy Constitutional Court OKs Claw-Back Legality
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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