March 27, 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:

NWA announces post bankruptcy payment amounts
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Northwest Airlines Ad Hoc Committee Files Second Appeal On Disclosure Of Trading Details
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NWA free to ask creditors to OK its bankruptcy plan
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Grinstein takes low-pay concept farther
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NWA to give 4000 non-union employees $77.4M
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Delta Air sees 2007 pretax profit
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Stock Bonuses at American Anger Pilots
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Delta details plan to build shareholder value
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Delta to Submit List of Directors
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ClearBid Capital Retained As Agent For The Sale Of Tiger Aircraft LLC
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Northwest Airlines: new equity plan for salaried workers
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Investors: AirTran should boost Midwest offer
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UAL CEO gets $39.7M compensation in 1st year out of bankruptcy
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Law:

Federal Courts See Slight Easing of New Caseloads
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High Court Advocate Ken Starr Is Justices' Summer Employer
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Kasowitz Benson Points Finger at Biovail, Howrey
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Your Pad or Mine?
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Seattle Plaintiffs Shop Snatches Lerach Coughlin Partner for S.F. Office
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Lawyers leave Saul Ewing to start Atlanta firm outpost
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Firm Has Comeback Year in Revenues, Profits
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The U.S. Attorney Mess: It Keeps Going, and Going . . .
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Kentucky's Fen-Phen Case
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Taking a Practice-Centric Approach to Marketing
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High Powered Panel Considers Impact of E-Discovery
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Say What?!
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Anonymous Lawyer
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Bankruptcy Court Approves Purchase of Anchor Hocking by Monomoy Capital Partners
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BofA loses round in Parmalat suit
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Mercer bankruptcy chair endowed in Judge Drake's name
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Forest Hill owners lose, bankruptcy case dismissed
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Tecumseh Falls To New Low Amid Bankruptcy Concerns
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Autos:

Ex-Collins Chief David Stockman Charged With Fraud
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GM link strong in Chrysler sale talk
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Big banks latch on to Chrysler talks
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GM offered Daimler GM stock in Chrysler bid
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Dana Corp. pleads with judge to let it scrap union contracts
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Collins & Aikman Reaches Settlements with DOJ and SEC
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DaimlerChrysler to delay release of first-quarter results
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Anna:

Accidental overdose killed Anna Nicole Smith
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Banking:

Citigroup to Cut at Least 10000 in an Overhaul
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Citigroup offers no response to job-cut reports
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Reported Citi cost cutting plan gets mixed reviews
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Real Estate:

Bank to auction New Century loans
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New Century Financial on Brink of Bankruptcy
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Analysts Say Bankruptcy Filing From New Century Is Imminent
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Will 'Lemming Loans' Drive The Economy Off the Cliff?
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One-Third of Homeowners Don't Know Loan Type
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New US home sales lowest since 2000
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A Nasty Surprise on New Home Sales
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Connecticut Seeks Arrest of Former Mortgage Executive Heffernan
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Corporate Governance:

Business Judgment Rule and Preservation Trigger
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Mining:

Parent wants to see data on Asarco
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Accounting:

SEC Censures E&Y
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House approves renaming federal building for Judge Horton
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Several companies, taking a page out of the private-equity playbook, are loading up on debt to improve shareholder returns
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Sketchy Loans Abound
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New Bankruptcy Opinions
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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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Supreme Court refuses to consider Dow Corning interest rate bankruptcy case
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Pillsbury Ejected From Bankruptcy Case
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Bankruptcy Code Dollar Amounts Going Up
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Religion:

Church files for bankruptcy
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Utilities:

ComEd credit rating takes another hit
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Tax:

Point - Counter - Point on IRS Collection Program
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Economy:

Consumers Clench Their Wallets
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The Fed's change last week in its policy statement signaled that it sees increased risks to the economy
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Health Care:

Doctors' Hospital: Quality of patient care remains high
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2 hospitals get 6M state loan at last minute
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Corporate Reform:

Hollinger entity got 'throw-in millions
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Asterisk marked Conrad Black's payment
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US buyer says his company never requested non-compete payments
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Qwest Insider-trading Trial: CFO v. CEO
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At least 257 companies have backdating problems
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Dennis Kozlowski: Prisoner 05A4820
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Russia:

A Russian oil giant emerges from Yukos's ashes
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Rosneft Subsidiary Buys Back Shares
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China:

Bankruptcy fears for China's universities
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Japan:

The Livedoor case comes to a head, but plenty of other accounting scandals are still out there
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