June 15, 2007

Daily Bankruptcy News

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Aviation:

Midwest Shareholders Elect AirTran Slate
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Midwest to Hear AirTran Pitch
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Trouble in the control tower
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Flying soon? Expect to wait
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Law:

McDermott Chairman to Offer Firm's Apologies for Partner's "French Fries" Remark to Bankruptcy Judge
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Judge's $54 Million Lawsuit Against Dry Cleaners, Day 2
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Dewey Director Dishes on Being Left at the Altar by Orrick
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Pauline Morgan Elected Chair of DSBA Bankruptcy Section
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Lowenstein Hikes First-Year Pay to $140,000 in 2008
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Putting Partnership Over Profits
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UK Midmarket Firms Announce Healthy Financials, but Don't Keep Pace With Magic Circle Profits
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Say What?!
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Cozen O'Connor founders sharing leadership duties
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'Superb' Attorney Leads Charge Against Lawyer-Rating Web Site Avvo.com
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Fla. Summer Associates Beat Competition, Obstacles
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Low-Profile Supreme Court Case Offers Glimpse of Sharp Divide
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Lawyers Object to BAR/BRI Settlement, Seek to Oust McGuireWoods
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Judge Refuses To Delay Libby Prison Sentence - Professors' amicus brief "not worthy of a first-year law student"
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Boston Law Firm Mintz Levin Among Top Five Corporate Boston Legal Firms
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Pillsbury Summer Associates: Rockin the Law Library!
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Federal indictments in Kentucky fen-phen scandal
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SEC Settles Insider-Trading Case With D.C. Lawyer
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Firm declares war on its own partners
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Lowenstein Hikes First-Year Pay to $140,000 in 2008
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Firm's new coffee bar features "entertainment"
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Religion:

Davenport Diocese to Sell House to St. Ambrose University
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Creditors request financial advisers to review Davenport diocese
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Archdiocese of Portland releases personnel, sex-abuse documents
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Pastors helping diocese, victims of abuse
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Who will pay, parishes or the diocese?
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Sports:

Plan Floated Linking NYRA, Excelsior
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Food/Drink:

Bank proposes Le-Nature's liquidation plan
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Retailing:

Rockaway Bedding to sell to Sleepy's
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MM Cohn stores in Ark. to close due to debt by parent company
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New Lease Accounting May Roil Retailers
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Banking:

'Unbanked' masses targeted in FDIC's national initiative
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Jessica Cutler Owns Nearly Nothing
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Autos:

Rising labor cost hits US automakers' margins
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UAW Chief: New Delphi Pact Not Far Ahead Of 2004 Agreement
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Union cautious on Delphi deal report
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Highland May Propose New Delphi Deal
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Auto chiefs don't feel union's pain
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Ford says 27,000 workers have left company
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Ford: 37,000 workers accepted buyouts
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Collins & Aikman hopes to close sale soon
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Real Estate:

US Mortgages Enter Foreclosure at Record Pace
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More Trouble in Subprime Mortgages
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Bear Finds Mortgage Buyers
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Bear Stearns was rattled by subprime-market turmoil despite tough risk controls, raising concerns that others on Wall Street could be sitting on big losses.
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Attorney says he's filed 50 lawsuits against Coast Bank
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Inside the Foreclosure Crisis
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Default rate of subprime mortgages at record high
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Mortgage Madness
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Rising Rates Start to Squeeze Consumers and Companies
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Hundreds of Texas Homes Up for Auction
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Foreclosures soar in South Florida
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Home buyers scared straight by rates
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Sub-prime woes dent (some) Wall St Q2 profits, but what next?
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Bear Stearns Hedge Fund Liquidates Positions
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U.S. subprime woes could hurt Swiss banks
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Freddie Mac: Not In The Black
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Foreclosures reportedly surge in subprime market
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Ruling clears way for auction of Queen Mary lease
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The Foreclosure "Rescue" Racket
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Celebrity:

Where is Pearlman? E-mails tell
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Fugitive Boy Band Manager Busted
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Boy band mogul Lou Pearlman to appear in Guam court
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Telecoms:

One way to beat the traffic
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Photography:

Portrait Corp. of America Bonuses OKed
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Corporate Reform:

Federal prosecutors win key point in Black fraud trial
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McKenna Long's Josh Hochberg Says DOJ Fraud Section Has Lost Half Its Lawyers in Twenty Years
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Ex-Suprema CEO's lawyer wants jurors questioned
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WorldCom investor payouts won by SEC top $500m
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Student Debt:

Report Details Deals in Student Loan Industry
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Former UT official cited in Senate's student loan report
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Hopkins donating more than $1M in student loan probe agreement
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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), (12)
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Online Claims Trading
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Auction your Chapter 11 claim to the highest bidder

www.t-rexauctions.com

Free • Anonymous • Non-Binding

Restructuring Can Boost Execs' Careers
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Speaking of Delaware
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Economy:

Rising Rates Start to Squeeze Consumers and Companies
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Hedge Funds:

Bear Stearns to Liquidate Bond Hedge Fund, People Say
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Bayou Offer to Investors: Give Back Half
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Tax:

Ex-Ernst & Young worker admits to tax fraud for clients
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Blackstone Partnership Structure Targeted by Senate
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Pacific islands harbor US funds
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Bankruptcy Crimes:

UST Report to Congress on criminal referral activity
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Accounting:

PCAOB Ponders How to Audit Fair Value
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Ninth Circuit Clarifies Earmarking Defense To Preference Claims
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Ex-Packer charged in bank fraud
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Bonds Get Whacked
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Diana G. Adams appointed United States Trustee for New York (scroll down)
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UK:

IVAs 'preferable to bankruptcy'
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Higher Interest Rates Reflect Default Risk as Credit Boom comes to an End
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Russia:

Rosneft Bids Again for Yukos Assets
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Rosneft set for final section of Yukos jigsaw
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Canada:

Liberals Win Important Victory for Canadian Workers
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Japan:

New law enacted to prevent bankruptcy of local governments
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Hong Kong:

May bankruptcy petitions up 10.5%
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Canada:

Thow hearing ends on emotional note
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Australia:

Rivkin bookkeeper quizzed over dealings
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