March 26, 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:

Pension agency says NWA bankruptcy plan lacks candor
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Low fares, on-time flights may be more than airlines can handle
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Stakeholders in Delta must get involved
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Comair's union employees may divvy up $68M
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Delta boosts fares on US flights
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Costs and competition widen Alitalia losses
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Law:

DOJ's Document Dump Highlights Administration Conflicts
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Republican support eroded for Attorney General Gonzales as two key senators sharply questioned his truthfulness
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Biovail Pharmaceuticals Fires Kasowitz Benson From High-Profile Hedge Fund Case
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Biovail Says "Bye Bye" to Kasowitz Benson
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Frivolous Litigation: How Coke 'Punk'd' Its Lawyers
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Number of Lateral Hires at Large Firms in Texas Increased in 2006
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Lawyer Stole Millions, Indictment Says
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Say What?!
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Expense Accounts & the Law
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Supreme Court Justices Continue to Play Musical Chairs in Credit Suisse Case
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Jenkens IP Group to Open Chicago Office for Nixon Peabody
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Pa. Firm Adds Nine Lawyers as Bankruptcy Boutique Folds
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The New New Thing
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Family-friendly law firms and law departments
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NY Lawyers Shave Heads for Charity
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Drawbacks to Offshoring?
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Woman wins law school bankruptcy award
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Law Firm PEP (Profit Per Equity Partner) Under Fire
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Corporate Reform:

Black portrays himself as a victim
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Black's defense fails to make appearance
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Odds are Black will go free
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Black's private e-mails go public at fraud trial
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Report is "elephant in room" at Black trial
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Greenspan grills Black's successor at Hollinger
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Conrad Black jurors told of investor's fear
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Reimers guilty in investor scheme - Executive faces up to 140 years in prison after admitting that he swindled victims out of $7 million to finance lavish lifestyle
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Bankruptcy Crimes:

Attorney Convicted Of Bankruptcy Fraud, Child-Porn Charges
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Peel's wife fighting bankruptcy suit
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Military:

For some reservists, homecoming a struggle
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Accounting:

Deloitte settles Philip Services class-action suit for $50.5-million
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Going Concern Warnings:

Diversa reports going concern statement
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Economy:

Who's Gorging and Who's Getting Roasted in the Economic Barbecue?
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Layoffs:

How to feel safe when your job isn't
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Bankruptcy is 'last resort' for Milwaukee Public Museum
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Loral sued over sale of $300 million in equity
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Bad Credit is Good Business
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Autos:

Brinksmanship on benefits; Dana Corp., unions due in court this week
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Bidding war for Chrysler could erupt
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Unions struggle with auto industry cuts
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UAW Leaders Set To Meet Amid Glum Auto Industry Backdrop
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1,500 will shape UAW's priorities
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Auto Supplier Delphi to Consolidate Seven Research Centers
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Stretched thin, Ford shifts focus
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Real Estate:

No February Chill for Home Sales
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US foreclosure activity seen rising 33 pct
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Foreclosures Force Suburbs to Fight Blight
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Home Resales Rise
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The Forecast for Foreclosures
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Home sales rise, but a full rebound seems unlikely
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Primed to fail
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Many borrowers felt misled by subprime industry's hard sell
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Credit Counselors Seeing More Delinquent Homeowners
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Investors in barrier island projects feel deceived as bankruptcy looms
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Houston's novice investors falling into foreclosure
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Subprime warnings ignored despite earlier credit card troubles
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If Merrill Lynch bought New Century
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Group meets in the shadow of foreclosures
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Subprime loans rattle a shaky MI housing market
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San Antonians feel the sharp teeth of rising mortgage payments
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Some bankrupt home buyers are pointing fingers at lenders
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Investors Absorb Worst of Subprime Rout, Markets Show
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Subprime Mortgage Crisis May Leave Few Independent Players
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Banking:

Citigroup is setting up a restructuring plan that could involve 15,000 job
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Citigroup may cut jobs, take $1 bln charge
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Banknorth to cut 400 jobs, shut 24 branches
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Food/Drink:

The Holding 360 Global Wine Co. files bankruptcy
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Rare LLC Bankruptcy Trustee Held Accountable for Wine Futures Sales Gone Wrong
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Bankruptcy Reform:

'05 law may be cutting numbers
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Utilities:

Court dismisses Magnolia Energy bankruptcy case
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Gambling:

Progressive Could Be Hurt by Lawsuit, Bankruptcy Possible
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Insurance:

Florida insurer ordered into liquidation by judge
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Religion:

Lawyers grapple with Catholic doctrine
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Hedge Funds:

Hedge funds' role in credit turmoil
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Rule 2019 Opinion May Transform The Dynamics Of Chapter 11 Cases
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Bankruptcy court OKs 3dfx deal
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Bankruptcy Judge Kills Nvidia Gag Order
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Nvidia chief says company wasn't duped in 3dfx buy
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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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US Supreme Court Expresses Supreme Displeasure at PG&E's "Ambush and a Smuggling"
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Publishing:

Sam Zell, the 'grave dancer,' sees profit in newspapers
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Health Care:

Bankrupt hospital owners investing millions in other projects
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Carraway acts to speed recovery
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Palm Drive Hospital weighs bankruptcy
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Superfluous Hospitals
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White Sulphur hospital fights to stay afloat
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Paper:

Port Townsend Paper leaves vendor in lurch
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Enron:

A story without winners
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A little payback better than nothing
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10 days, no winner in auction of Ken Lay's desk
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Media:

Legal entanglements hamper WNGT-TV's future
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Tax:

House Committee Asks IRS To Suspend Future Private Tax Contracts
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Credit Cards:

From the Mirage of a Middle-Class Life to the Slavery of Debt
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It's amazing what a little congressional attention can do
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Recent study shows consumer debt worsening
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Self-filing for bankruptcy can cost you
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A Serious Debate on Empiricism and Theory in Bankruptcy
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Anchor Hocking to be sold again
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Mesirow Financial names Sheon Karol a managing director of consulting (scroll down)
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U.S. judge dismisses claims on Parmalat (scroll down)
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UK:

Troubles lift profit at Debts.co.uk
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Students adding to bankruptcy tally
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Firms are facing the final curtain
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Consumers fight back against fees for inactive credit card accounts
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Lost in the deep, dark forest of credit card fees
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UK House Prices Rise Most in Almost 4 Years
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Russia:

BP to Bid for Russian Oil Company's Assets
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Rosneft to swap assets if it wins YUKOS bid
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BP Executives Meet With Russia's Putin Ahead Of Rosneft Auction
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NOVATEK's bid for YUKOS assets unconfirmed
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Yukos auction plans ignite investor backlash
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Australia:

Household finance OK, for now
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Malaysia:

Credit Cards, Purchase Loans Raise Bankruptcy Cases, Says Najib
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Malaysia bars 40000 tax dodgers from traveling
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