March 29, 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:

More Hedge Funds Disclose NWA Holdings
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Northwest Airlines subpoenaed in cargo price-fixing investigation
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Former Brazilian Flagship Airline Bought
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Mexico halts air carrier's operations
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Law:

Small Firms Turning to Flat Fees for Rising Profits
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How GCs Can Avoid Being Caught in the Middle
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Scalia and Harvard Law Professor Trade Barbs in Court
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Associate Pay - IP Boutiques: Keeping Up With the Joneses
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Conflict of Interest Case Against Reed Smith Moves Forward
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Listening to associates is necessity, not democracy
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In Legal Brawl Among Partners, Lawyer for the Plaintiff Lawyer Plans to Depose the Lawyer of the Defendant Lawyer Over Alleged V&E Manipulation of Testimony
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Shearman to allow 'exceptional' partners to stay on past age 65
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Freshfields in swift response to associate gripes, quickly replaces carpet
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Freshfields bows to associate power
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Gonzales Cuts Short Press Event When Reporters Pop the "Firings" Question
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FBI agent told to keep quiet over attorney firings
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Subpoenas Ready for Rove, Miers
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Bush On Firings: "You Know You've Botched It When People Sympathizes With Lawyers
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Prosecutors Fired Over Bush Political Priorities, Not Supporting Bush
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E-Mail Shows Rove's Role in Fate of Prosecutors
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Ex-Gonzales aide to testify today on attorney firings
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DOJ Lawyers Who Didn't Get Fired Screw Up Tax Case, Cheat Can Keep $100 Million
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Weil Gotshal turns back on Brussels as firm focuses on Beijing and HK launch
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Say What?!
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Seyfarth Shaw Leaves the List of Shame
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What's Up With Squire Sanders?
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The Secrets of Million-Dollar Solos
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Law Firm Leases 216,000SF in New York Times Building
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Lights out in California for Clifford Chance
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Options Morass Deepens at Wilson Sonsini
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Ex-Monster Counsel Settles with SEC
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Layoffs:

Circuit City cuts 3400 staff
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Circuit City to Fire 3400, Rehire Cheaper Workers
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Corporate Reform:

Brown's judge lays out his law - Jury pool fills out surveys, hears rules
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Siemens shocked by latest arrest
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CFO gets 30 months in DVI fraud case
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House panel approves executive pay bill
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Delaware Decisions May Supercharge Options Controversy
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Nacchio accused of concealing assets
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Salton, Inc. Approves Executed Financing Commitment Letters
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Refco trustee looks to distribute $428M to thousands of creditors
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New York leaders eye restructuring hires as economic downturn looms
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Autos:

UAW May Not Allow Health Concessions
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UAW rejects Delphi wage offer
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Delphi workers await agreement on pensions
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UAW says Toyota workers' interest in union is rising
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UAW chief says Big 3 'jobs bank' not major issue for talks
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No Bonuses for Top G.M. Executives
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Tower Auto plans $1B sale to Cerberus
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Pulliam Motor Co. files for bankruptcy
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Unions counter Dana's case for cutting wages
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Chrysler sale is all but certain
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Collins & Aikman Fees Get Interim OK
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The New Hound of Detroit
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Dana agrees to sell certain assets to Orhan for $70 mln
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Economy:

Bernanke dashes US hopes that a rate cut is imminent
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The Fed's Delicate Dilemma
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Real Estate:

Rough Wednesday For Homebuilders - Government investigation of Beazer Homes could spread
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New Century Readying Bankruptcy Filing
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New Century Ends Freddie Mac Ties, Sees Loan Sales
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Court: All New Century loans, foreclosures must be reviewed
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People's Choice Looking to Auction Off Loans
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President Of Defunct Lender Seeks Injunction To Block Arrest
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Behind Foreclosures, Ruined Credit and Hopes
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Jobs abound in Calif. hub of shaky subprime lenders
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Chicago foreclosures at highest in past 8 years
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Schumer takes aim at 'liar' lending
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The great American scheme
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Five Reasons To Avoid Subprime Bargains
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The other New Century
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A mortgage crisis of their own - Corporate America may be next
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Kara Homes Get More Time for Ch. 11 Plan
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What is a subprime loan? It depends on who you ask
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Merrill Subprime Risk May Be Understated
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Bankruptcy Crimes:

Attorney convicted of bankruptcy fraud ordered jailed pending sentencing
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Insurance:

Global Uncertainty Could Affect Surety Bond Market
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Going Concern Warnings:

Targeted Genetics audit says firm short of cash, has going concern qualification
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O2Diesel Reports 'Going Concern' Note
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Forest Hill asset freeze ordered
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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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Textiles:

Delta Woodside asks for more time to file bankruptcy plan ~
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Enron:

2 Enron attorneys charged with fraud
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Endless Enron - In house lawyers charged by SEC
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Utilities:

Calpine gets bids from firms, companies
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Predatory Lending:

Putting The Pressure on Payday Loan Companies
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Hotels:

Would-be 'Nicky O' hotels file for bankruptcy
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Entertainment:

Sifting through Lou Pearlman's rubble
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Tax:

Goldman Sachs, Cisco Systems, Henry Paulsen, IRS and U.S. Government, Sued for Tax and Bankruptcy Fraud -- Fitzgerald's Office to Defend Government
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Religion:

Portland Archdiocese clears another bankruptcy hurdle
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Mountain Grove Church files for bankruptcy
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Credit Cards:

TJX Says 45M Credit Card Numbers Stolen
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Telecoms:

Cellular cloning in bankruptcy
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Health Care:

Billing, collection errors cost Doctors $2 million
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Judge: Lawsuit Against Foamex Stands
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Tyco Bondholders Wary of Shortchanging
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2nd Circuit Rebuffs Government Agency's Demand That Attorney Return Fees Where Client's Fee Obligation Was Discharged in Bankruptcy
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UK:

Officials confident NHS is back in surplus
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Credit Clampdown On The Cards From Banks
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Martineaus powers up with British Energy debt recovery role
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FSA bankrupts boiler room scam lawyer
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U.K. Lenders Approve More Mortgages Than Expected
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Surprise Surge in County Court Judgments
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Germany:

BenQ rejects $634M claim from bankrupt German mobile unit
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Russia:

Rosneft Plans More Yukos Bids
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Former Banker Arrested in $2.4Bln Fraud Case
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