March 13, 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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Aviation:

Battle Over Confirmation Tests FLYi Plan
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Law:

Cads in heavyweight restructuring raid on Weil NY
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Kirkpatrick Adds Insolvency Partner In LA (scroll down)
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That Phat $200,000 Supreme Court Law Clerk Bonus
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Are Associate Salary Wars Justified?
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Law Firms Keeping Close Eye on Sidley Case
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How a County Attorney's Office Is Streamlining E-Discovery
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Drinker Biddle Moves Up Timetable to Increase First-Year Lawyers' Pay
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Leveraged levity at Sullivan's expense
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'Collaborative Law Per Se Unethical'
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Extra Time Denied to LSAT Taker Who Claims He Has ADHD
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Where Not to Open Overseas
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Democrats Seek to Question Rove in Prosecutors' Firings
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Gonzales Criticism Reaches a Fevered Pitch
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Is PEP The Proper Measure of Success?
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Say What?!
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Economy:

Deficit grows to $120B in February
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Credit Cards:

Coleman's credit card flip flop
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Chemicals:

Solutia Reaches Agreement to Sell Dequest Business
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Accounting:

Deloitte & Touche Accountant Is Censured
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Closing the Books on Andersen and Enron
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Food/Drink:

Drink Maker May Go Down the Drain
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Retailing:

Appliance Depot files for Chapter 11
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Media:

Liberty U. seeks to buy WDRL-TV
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Bankruptcy Filings in AZ Valley Are Up
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Hillary Clinton Scandals Resurface As Brother Goes To Bankruptcy Court
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Banks deride Moody's for about-turn on ratings
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Trump hires Merrill to help weigh alternatives
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Judge asked to throw out funeral home owner's bankruptcy case
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Autos:

InPlay Sells Delphi Bankruptcy Claim
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Dana seeks to terminate labor contracts with two unions
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Success may trip up GM in talks
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Stagnant Home Values Could Hurt Auto Loan Recoveries
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Ford to sell Aston Martin in $925 mln deal
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After Aston, Could Jaguar Be Next?
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Dana cuts benefits for 9700 retirees
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Delphi Investor Group May Sell Part of Stake
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Chrysler's possible sale has attracted the interest of private-equity firms Cerberus, Blackstone and Centerbridge. Offers could come by month's end.
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Real Estate:

Sub-prime lender New Century steps closer to bankruptcy
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The Bear Stearns-NEW Connection: Time To Short Select Investment Firms
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New Century Says US SEC Opens Investigation, Seeks Documents
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Winners and losers from New Century's troubles
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HSBC, Other Banks Go on Subprime Offensive
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Big Banks May Be Chum
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Subprime Suspects - Wall Street Firms That Should Have Known Better Get Slammed By The Housing Collapse
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Accredited Home May Cut More Jobs
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More Trouble in Subprime City
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Big Banks Come Out Swinging Against Subprime Originators
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New Century insolvent
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Einhorn's Chemical High
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New Century woes may restrict financing for rivals
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New Century Gets Default Claims, Says It Lacks Cash
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S&P cuts New Century's debt rating to "Default"
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Dewey Ballantine Sees Crackdown On Corporate Crime In The Mortgage Industry
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Countrywide says its earnings may fluctuate
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Bankruptcy clouds build over lender New Century
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Impact of US housing slump will broaden
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As defaults rise, politicians are angling to meddle in the loan-writing business
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Mapping California's Subprime Lending Bust
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Entertainment:

I'm innocent, says Pearlman
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Bankruptcy Crimes:

Bankruptcy fraud trial begins for former Student Finance head
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Generation Debt:

Rising Debt and Twentysomethings
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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)
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Weil Gotshal Loses Top Bankruptcy Partners to Cadwalader
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Corporate Reform:

SEC charges 4 ex-Nortel execs with fraud
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Making Sense of SEC Settlements
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FAQ on the Conrad Black trial
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Hollinger trial to start at the top
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'Silverback gorilla'
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Rigas Family Seeks More Funds For Legal Expenses
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NY White-Collar Expert Takes on Role as Grasso Prosecutor
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Chemicals:

Bankruptcy court says Solutia can continue to develop its own reorganization plan
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Mass Torts:

$20M in Compensatories for Vioxx Plaintiff; Punitives Up Next
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N.J. Jury Awards $20M to Vioxx User Who Suffered Heart Attack
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Munich Re US unit to post FY loss of l.03 bln USD on asbestos
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X-ray vans in motel parking lots not OK
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Paper:

Lender Asks for Timeline in Marcal Case
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Utilities:

IL House again OKs electric rate freeze
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Corporate Governance:

Delaware Chancery Court Orders Return of Excessive Bonus
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School fitness foundation lawsuit settled
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Judge approves Anchor Hocking sale procedures
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UK:

London shares fall midmorning off lows; UK hedge fund collapse talk drags market
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Survival rates in Scotland still lag
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Russia:

Russia may schedule more YUKOS auctions this week
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Australia:

Investors launch class action against Westpoint
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