June 26, 2007

Daily Bankruptcy News

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Aviation:

Northwest Calls Off Hundreds of Flights
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Union says pilot shortage to blame in Northwest cancellations
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Union disputes NWA's reason for flight cancellations
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Law:

Yes, We'll Walk Your Dog: Firms Offering Associates a Benefits Bonanza
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He Works in a Tall Building, But He's No Tall-Building Lawyer
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For Lone Star Lawyers, Paychecks and Hours Both Soaring Up, Up, and Away
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Judge rules pants lawsuit is a stretch
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In Case of Missing Trousers, Aggrieved Party Loses Again
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Hey, You're That Judge I Can't Stand!
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People in glass houses shouldn't wear skirts
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Say What?!
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Anonymous Lawyer
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Cadwalader Overrun By Bed Bugs!!!
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This Is Your Destiny, Law Firms
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Message From LegalTech West Coast 2007: Be Litigation-Ready
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Pay Raise Watch: Texas
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N.Y. Judges' Associations Prepare to Sue State for Salary Hike
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Cozen O'Connor Selects First Board of Directors
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Law Schools Also Ranked by Blogs Now
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Last of Left-Coast BigLaw Firms Raises Associate Pay
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Hedge Funds:

Bear Stearns May Put Up Less to Rescue Hedge Fund
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Bear Stearns shares fell to their lowest level in nearly a year, on concern about the firm's hedge-fund woes and vulnerability to further subprime-market declines
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Bear Stearns's `Friends' Reject Hedge Fund Rescue in LTCM Redux
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Bond market about to be exposed?
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Will Hedge Fund Bailout Put Bear in Play?
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Bear Stearns Stumble Sends Shockwaves
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Bear may have to bail out second fund
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SEC Probes Bear Fund: Report
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Wall Street Fears Bear Stearns Is Tip of an Iceberg
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Housing Problems Start to Hit the Financial Sector
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The trials of Bear Stearns
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Two Bear Stearns Hedge Funds Are Close to Being Shut
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Bear's Big Loss Arouses SEC Interest
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Autos:

Delphi Deal Is Blow to Jobs Bank
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Delphi managers share workforce pain
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Delphi workers not happy about pay cuts
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Workers: UAW got best deal
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Gettelfinger credits GM, not Delphi, for tentative deal
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A Labor-Led Lift for GM?
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Delphi Workers May Give Up Their Layoff-Pay Benefit
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Federal Mogul bankruptcy ending will find echo in India
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Delphi workers split on pact
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UAW-Delphi Deal Opens Door for Rivals
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Real Estate:

Blame the Borrower
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Home Sales Hit Slowest Pace in 4 Years
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May home sales in Chicago down almost 21%
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Investors wary of subprime woes
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Subprime Crisis Is Likely To Continue Its Sting
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Lennar swung to a loss on continued deterioration in the housing market
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Golf:

Trump withdraws bid for Running Horse
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Enron:

Court takes no action on Enron liability case -- for now
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U.S. Supreme Court Declines to Take On Enron Cert. This Week
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Ex-Enron customers win one in court
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Accounting:

Feds Ask Judge Kaplan to Dismiss KPMG Indictments
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PwC Is Criticized for Pulling Yukos Audits
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U.S. Response in KPMG Case Could Point to Appeal
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Utilities:

US Energy Sys: funding failure may lead to bankruptcy
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Banking:

Buyout offer for Puerto Rico bank withdrawn
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Economy:

Private Equity Investors Hint at Cool Down
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US faces severe credit crunch
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S&P Distress Ratio At All-time Low
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Celebrity:

Lou Pearlman Back in Mainland US
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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

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Timber:

Pacific Lumber seeks court OK to borrow additional $75M
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Corporate Reform:

A paper toss, and Top 10 skit in jury pitch
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Judge in Black case to charge jury
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Brocade's Weaver: Worst Witness Ever?
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All five SEC commissioners are set to testify before a House panel on issues including enforcement policy and hedge funds
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Scrushy to Be Sentenced Tuesday
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Bankruptcy Crimes:

OC Chopper clan accused of bankruptcy fraud
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Justice for Yagman
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Food/Drink:

Hooters loses effort to keep chain intact
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Bankrupt LeNature's judgment day may be here
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Health Care:

Nursing homes head to auction
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Tyrone Hospital's future remains foggy after closed meeting
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UK:

Families' £100bn bill just to pay off the interest on their debts
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PwC delivers good news for Trinity creditors
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Linklaters gets in on Torex administration
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Russia:

Rosneft Targets Yukos Mystery Buyers
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Canada:

Booming economy has downside for bankruptcy industry
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Italy:

Four Years After Parmalat Meltdown, Italy Still Waiting for Corporate Reforms
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