March 20, 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
Prior editions: http://bkinformation.com/bankruptcy_news.htm
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Aviation:

Delta details post-bankruptcy employee pay
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Delta employees to share $480M
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Delta Says Top Executive Won't Receive Stock Package
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CEO: Give my bonus away
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NWA union objects over executive pay
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Court launches bankruptcy proceedings for Slovenský Aerolýnie
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Law:

Chicago Lateral Market Is Reaching a Fever Pitch
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Rising Costs of E-Discovery Requirements Impacting Litigants
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Why Aren't Corporations Drawing the Line on New Associate Costs?
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Former Sen. Santorum Joins Eckert Seamans as Consultant
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Rick Santorum: From the U.S. Senate to CLE Classes
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The Justice Department released documents showing top officials' discomfort at the reasons given for U.S. attorney firings.
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A Roundup on the U.S. Attorney Mess
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If Gonzales Goes, Who Will Replace Him?
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Billable Hours vs. Head Count Leverage in Law Firms
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No Houston Corner Office Cleared for AG Alberto Gonzales
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Goodwin Procter Extends West Coast Reach to San Diego and Los Angeles
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Lawyer Took the Fast Track to Partnership
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How Should Outside Counsel Handle Public Outreach Before and During a Trial?
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"What do I do if I don't have enough gays?"
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JPMorgan tells law firms to shape up on gay issues
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Some Law Firms Think Small When It Comes to Growth
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K&L Gates London keeps up PEP despite profit dip
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NY Firm Re-Elects Chairman to Third Term
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DLA Piper's revenue nears $2bn mark after 17 per cent hike
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Lawyers, Firms Join Presidential Contenders' Campaigns
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Giuliani Defends His Law Firm's Citgo Ties
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Faskens merges with Ottawa firm
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"We can promise you it won't appear on YouTube"
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Sports:

NYRA's protection extended
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Utilities:

Entergy CEO got $15.5 million in 2006
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Contentious week under way for Ameren in Springfield
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Credit Cards:

Oversight in action: A credit to Congress
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Clients Upset Bankruptcy Lawyer Out of Money
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Autos:

Goldman Sachs signs as additional Delphi investor
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New Detroit Woe: Makers of Parts Won't Cut Prices
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Emboldened By Bankruptcy, Parts Makers Finally Telling Detroit 'No'
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Dana Restructures Deal With Dongfeng
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UAW workers feel givebacks unavoidable
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Corporate Reform:

Conrad Black Trial Opens, Jurors Questioned on Media Exposure
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Judge to ask jurors more questions
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Conrad Black's wife in outburst
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Citizen Black
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3 firms, exec to pay Sun-Times
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Nacchio's Insider-Trading Trial Turned Spy Saga
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Real Estate:

Subprime Servicing Getting Worse?
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Housing Starts: Don't Expect Much
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US Homebuilder Confidence Index Falls to 36 in March From 39
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New Troubles in Subprime City
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Federal review of Beazer loans
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New Century gets more cease-and-desist orders
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New Century CEO, A Crisis Survivor, Faces Another One
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Subprime Shakeout Rocks Lending Industry
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Ex-Metropolitan Mortgage Execs Settle
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Lender May Face Charges
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Broader investigation of lenders by SEC
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The Ultimate Subprime Borrower
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NovaStar Financial Job Cuts
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Detroit: A Modern Day Ruin
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Bought with easy credit, homes lost in foreclosure
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Fremont gives workers two-month layoff notice
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FL: Our subprime squeeze
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Banks Pick Up Where Fed Left Off, Restricting Access to Credit
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Some subprime woes linked to hodgepodge of regulators
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Bad Loans Trigger Defaults
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Fortress-managed REIT Steps Into Subprime Mortgage Crisis
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Anna:

Judge Involved in Anna Nicole Smith Case Cited for Marijuana
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The Anna Nicole Smith Story - A Tale Of Lawyers, Drugs And Money
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Religion:

Parishioners of the Archdiocese of Portland in Oregon Notified of Proposed Settlement of Defendant Class Action
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New Bankruptcy Opinions
(1 new opinion 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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Pillsbury Bankruptcy Conflict Has Court Abuzz
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Enron:

5th Circuit Rules Out Class Action in $40B Enron Shareholders' Suit
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Enron shareholders lose class-action status
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Food:

Jocks & Jills makes a trip to bankruptcy court
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Bankruptcy Crimes:

Son takes stand against lawyer in federal bankruptcy fraud case
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Publishing:

Baker & Taylor Acquires Wholesale Operations of Advanced Marketing Services
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Generation Debt:

Generation 'why me?
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Entertainment:

Spears Scared of Bankruptcy
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Tower's tumble almost finished
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Mass Torts:

Munich Re US unit posts FY net loss on asbestos claims
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After drop in 2006, bankruptcy filings are increasing
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For India and China, Credit Poses a Challenge
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UK:

Ex-Freshfields restructuring chief resurfaces at the Pru
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Louise Verrill Named First Woman President Of Insolvency Lawyers' Association (scroll down)
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The complicated tale of Freshfields, Lovells, Bloxham and Equitable
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When the economy is down insolvency work is high, and while work is varied lawyers must be prepared for its negative side
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Job loss fears as UK holiday firms merge
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More over-60s in debt as they reach retirement
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Buyers sought as administrators appointed at Cannock Gate manufacturer
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Russia:

Rosneft borrowing $22 bln to buy assets in Yukos bankruptcy
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Canada:

Law firm Goodman and Carr closing its doors
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