June 27, 2007

Daily Bankruptcy News

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Aviation:

Northwest Airlines Flight Cancellations Mount As Labor Woes Continue
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Canceled. Canceled. Canceled. NWA total today: 152 and counting
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NWA points finger at pilots
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Havoc on the rise at Northwest
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NWA cancels at least 135 flights today
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Airline Employment Rises
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Law:

Gen "Y Don't You Like Me?" at Work
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NY Firm Signs $900 Million Lease
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Associates Face "Emotional and Physical Breakdown" at Work
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Even Worse Than the Cadwalader Bed Bugs
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Kelley Drye Names New Bankruptcy Partner
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RAM and FRCP 34 Lock Horns
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Say What?!
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Judge taken to the cleaners over pants
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Pay Raise Watch: Thelen Reid, and A Tale of Two Tiers
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Baby, Please Don't Go: Firms and Associates Try to Make Their Love Last
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Skadden DC: Slumming It in the Nation's Capital?
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Tender Offers Stir Up Some Tasty BigLaw Billables
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101 tips, tricks and tools to make you a more productive, less stressed-out lawyer
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Out-of-State Firms Should Be Wary of New York's New Ad Rules
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Chambermaid: The Summer Must (Not?) Read
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Firm Thunders Over Award to Ex-Partner, Says as a Raimaker He Was All Wet
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Hedge Funds:

Bear Reins In Bailout Package
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Bear Stearns Says Its Franchise Is 'sound' After Fund Travails
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Bear Stearns Turns to Marano for $1.6 Billion Bailout
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Opaque Derivatives, Transparent Fed, `Bubblenomics'
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Bear Stearns not planning to bail out second fund
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Will Disclosures Mandated in Northwest Airlines Fly with Hedge Funds?
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Retailing:

Tweeter Receives "Stalking Horse" Bids For Assets
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Tax:

Deadbeats Risk Cybershame
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House to limit tax debt collection
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Pensions:

Bankruptcy mentioned in San Diego pension talks
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Media:

WMNT-TV ex-owners fail in court again
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Utilities:

IL Senate could vote today on electric rates
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Creditors' claims emerging in Rumford Energy case
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Accounting:

Debt Vehicles Force Bus Co. to Restate
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Bankruptcy: Is it Enough to Forgive or Must We Also Forget?
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Autos:

GM says Delphi-UAW deal leaves liability unchanged
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Delphi saving dollars, but at cost of loyalty
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How UAW, Delphi cut uneasy peace
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Delphi turns to other union for concessions
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GM Deciding How To Handle $1 Billion Charge Related To Delphi
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Cerberus fights fuel bill, warns it will doom Chrysler
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Funds Seek $2M in Fees From Tower Auto
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Federal-Mogul CEO: High wage costs must come down, despite pain
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Federal-Mogul expects profits after bankruptcy
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Delphi management agrees "equivalence of sacrifice" clause with UAW
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Delphi plan reportedly includes local investment
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When Automotive Turnarounds Run Out of Gas
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Real Estate:

More Trouble For Homebuilders
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Pimco's Gross says Moody's, S&P fooled by dolled up CDOs
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When CDOs Trump Paris Hilton, There's a Problem
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Lots Of Problems For Lennar
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Projections see 20 percent drop in home building
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How Wall Street Stoked Mortgage Meltdown
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SEC Opens Probes Into Subprime Loans
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Senate Democrats rip lending industry for subprime woes
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Who should be blamed for the subprime mess?
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Don't Buy That House
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The Housing Mirage
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The ABCs of CDOs. Can you spell RISKY?
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Mortgage Applications Index Fell 3.9% Last Week
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CDOs in `6-Inch Hooker Heels'
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Investors dump risk as subprime worries weigh
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Corporate Reform:

Black Paid Himself for Non-Compete Contract
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Prosecutors say Black's defense failed
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Hollinger Trial's Letterman-Inspired 'Top 10' Closer
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Hollinger's Former Lawyer Described as Trustworthy
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Sentencing starts in HealthSouth scandal
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The SEC opened about a dozen probes involving bundled financial products, as well as the related near-collapse of two Bear Stearns hedge funds
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SEC commissioners defend fairness in business rulings
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Former Interior Official Sentenced to 10 Months in Abramoff Scandal
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Paper:

Marcal has $60M bankruptcy plan
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EPA claim may sink Marcal's emergence
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Rights Offerings Provide 'New' Solution to Classic Leverage Problem
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New Bankruptcy Opinions
(2 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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Why CEOs File Bankruptcy in Delaware
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Toys:

Mike's Train House seeks to halt Lionel bankruptcy plan extension
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Food/Drink:

Giant Eagle named by trustee as possible buyer of LeNature's plant
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Le-Nature's creditors gain a little more time
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Economy:

Consumer confidence falls in June amid worries about jobs
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Consumer Confidence, Housing Weaken (Update1)
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Factories falter
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Fed not expected to change key rate
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Telecoms:

Papers filed to throw out Iridium accord
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Health Care:

Mercy Medical Sale to Montefiore OK'd
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Coverage can fall short
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Kessler Foundation continues push for hospital
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Texas company may take over operation of Kessler hospital
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J.C. Blair still struggles financially
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Golf:

More Running Horse bids due
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Market gets tougher for junk bond offerers
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Who Survives? A Cross-Country Comparison
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It's a Whole New World for Restructuring Professionals
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Change Buffets the Restructuring Industry
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UK:

Bankruptcy is painless
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Simplify credit card rates, says watchdog
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Bank of England slashes post-BCCI legal spend
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Shake-out to continue among IVA firms
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Ticking time bomb of debt in Wales
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Russia:

Rosneft Set To Buy Further Yukos Assets
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Rosneft Counts on Asset Sales, Profits to Cut Debt
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Bankrupt oil firm Yukos to repay debt to third-tier creditors
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China:

Bankruptcy Law reform lures Asian executives
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Australia:

Super Debt and Write Offs Skyrocketing
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Strathfield director dumped after declaring bankruptcy
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