June 21, 2007
Daily Bankruptcy News
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Aviation:
American Airlines pilots oust union prez
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Airline Pension Relief Bill Faulted by Some Legislators
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IATA details slow global airline turnaround
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Law:
Judge Goes Easy on Bankruptcy Lawyer Who Made 'French Fries' Comment About Her
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The Judge, The Lawyer, The French Fries . . And Best Of All - The Insult
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Summer Associates in Margaritaville
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Sarcastic bankruptcy lawyer dismissed from case
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Nine bluechips sign up 60 firms for cutting-edge legal network
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Pay Raise Watch: Las Vegas
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US firms in UK resist Weil-style pay hikes as salary market begins to fragment
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Bid to Collect Unpaid Fees Backfires Into $7 Million Verdict Against Law Firm, Partners
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Some Firms May Be Rethinking Retirement Policies
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After a decade, law firm finishes its remodeling
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Dewey revels in post-Orrick hiring spree
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Is Firm Giving Up the Ghost in the City of Angels?
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Former Managing Partner Rumored to Return to Cozen O'Connor as CEO
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Summer Lawyering, Havin' a Blast
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Covering the Bases of Electronic Discovery
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Accounting:
SEC Proposes Easing Foreign-Company Accounting Rules
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Publishing:
Goldmans want TMZ held in contempt over posting of OJ book
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TMZ.com faces hearing for OJ book
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Goldmans Go After Gossiper; OJ's Company Ruled a Sham
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Former Holliston employee indicted
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Mining:
Asarco JV can`t halt cleanup, US says
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Retailing:
Hancock snags $17.5 million
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Health Care:
DOBI files bankruptcy papers
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Pr. George's might cut off hospital funding
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'Sicko' gives Congress fever
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Celebrity:
Lou Pearlman paraphernalia lands on eBay
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Derivatives:
ITraxx volatility rises on U.S. subprime concerns
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Insurance:
Ritchie Capital Life Insurance Invest Units File Bankruptcy
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Economy:
Jobless claims rose 10,000 to 324,000 last week, a two-month high, suggesting the pace of job growth is slowing after robust gains in May
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Tax:
Tax havens will cease to exist
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Ethanol profits crumble as industry races ahead
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The General Role Played by Specialty Journals: Empirical Evidence from the Bankruptcy Scholarship
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Autos:
Auto industry will keep attracting private-equity money
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Parts maker Remy plans quick trip to bankruptcy
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Harley supplier seeks bankruptcy help
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Delphi, UAW near to accord on wages
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Delphi workers waiting on more wage cuts
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Tower Automotive buyer would still pay pensioners
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Settlement likely on trust fund for Dana retirees
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Collins & Aikman picketed
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ISS Recommends Lear Investors Vote Down Icahn Bid
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Buyout firms pay less for automotive assets
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Corporate Reform:
Black 'did not intend to steal from anyone'
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Black, Hollinger's 'Face,' Deserved Perquisites, Lawyer Says
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Rough Day for Brocade Backdating Defense
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Paulson "Concerned" About Prospect of Scheme Liability
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Hedge Funds:
Bond Risk Rises on Concern Over Bear Stearns Hedge Fund Losses
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Bear Stearns Fund Collapse Sends Shockwave Through CDO Market
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JPMorgan cancels Bear fund asset auction
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J.P. Morgan pulled back from auctioning off a Bear Stearns hedge fund's collateral and later came to terms with Bear
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Hedge fund's collapse could have ripple effect
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Bear Stearns's Attempt to Save Hedge Funds May Falter
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Lenders sell $1bn in seized Bear Stearns assets
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What caused Bear Stearn's hedge fund problems?
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Congress Weighs End to Private Equity and Hedge Fund Tax Break
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Bears Stearns hedge funds run into trouble
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Mass Torts:
Federal-Mogul Judge Throws Out Insurance Testimony at Bankruptcy Hearing
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Federal-Mogul Inks Deal With 2 Insurers
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Horse Racing:
Vernon Downs Gets Another Month
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Corporate Reform:
Judge Will Allow Bombshell Brocade Backdating Testimony
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Setback for Brocade's ex-CEO / Former employee testifies that he told her, 'It's not illegal if you don't get caught'
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Credit Cards:
Time to Give Up the House?
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The cost of processing increasing bankruptcy filings will likely soar due to reform legislation
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Walking a Marketing Tightrope
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Utilities:
Calpine files Chapter 11 reorganization plan
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Plan to keep steam utility going
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Religion:
Religion and Bankruptcy
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Newman claim rejected
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Pensions:
PBGC takes on Specialty Filaments plans
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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), (12)
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Online Claims Trading
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Real Estate:
Proposed change in bankruptcy law could thwart foreclosures
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Subprime mortgage bond index falls to record low
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Accredited dodged bankruptcy bullet
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Opteum Financial closes doors early
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Stocks Swoon on Subprime Fears
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Foreclosures fly through roof
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The Short Case on Freddie Mac
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Who made the big bets in subprime lending?
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When bad loans get worse
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Is the housing market roof about to fall in?
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Growing numbers of homeowners are being dragged down by questionable loans
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Mortgage Applications Fell 3.4% Last Week
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Enron:
Ex-Enron official settles for $300,000
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Prosecutors cite condo in bid to seize Lay cash
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Golf:
Trump Re-Opens Running Horse Negotiations
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Predatory Lending:
Payday Lending from Your Friendly Banker
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Third Circuit Holds Contemporaneous Exchange Defense To Preference Claim Is Available Even For Credit Transactions
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8 signs of coming financial disaster
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Debt Settlement Could Cost More Than You Think
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UK:
Football clubs' 'super creditor' status faces red card
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BoE governor warns lenders to use caution
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King, Outvoted by BOE Panel, May Be Vindicated Again
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Buy To Let Lending
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Getting tough on tax dodgers
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Torex holding company enters administration
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Canada:
MFI creditors get their day
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Pine Valley Reports on Creditor Approval of a Plan of Arrangement
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Education in debt
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China:
China's Big Bankruptcy Bang - A Move Towards A Chinese Chapter 11
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France:
French court orders ailing Aspocomp to pay former workers millions in damages
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Russia:
The Taxman Takes Control of Russneft
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