March 30, 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:

Appeals Court Upholds NWA Strike Ban
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Delta's profit arrives early
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Law:

In Nonprosecution Deal Over Tax Shelters, Jenkens & Gilchrist to Pay $76M and Shut Doors
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Jenkens & Gilchrist finally set for dissolution
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Gonzales, Miers OKed Firings
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Forbes backs Giuliani's for president
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Giuliani, Wife Discuss White House Roles
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Can a Solo Practitioner Go Mobile for $10K?
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Lawyer shamed by own press release
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A Conversation With Ralph Baxter
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Are Companies Really Firing Law Firms?
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Is Freshfields listening?
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Say What?!
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Federal Judge Joining NY Firm Makes No Bones About: It's About the Money
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Aiken chump
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BigLaw Firm Can't Shake Conflict of Interest Case
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50 lawyers injured in scuffle with police
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DLA seeks underworld expertise
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Electronic Discovery; 5 Ws of EDD Depositions
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Economy:

Concentration of wealth in fewest number of hands since 1929
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US growth pick-up defies pundits
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Housing slump expected to keep US economy at sluggish pace
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Pensions:

'American dream' meltdown for Weirton retirees
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Utilities:

Calpine Closes $5 Billion DIP Funds; Sees $100 Million Annual Savings
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Illinois legislative push for electricity bill relief hits snag
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Hedge Funds:

A San Diego pension fund sued Amaranth over its collapse last fall from bad natural-gas trades
(WSJ: separate paid subscription required)

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Autos:

Judge hears fourth day of testimony in Dana Corp. case
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Magna and Ripplewood to Bid for Chrysler?
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Chrysler suitors rush to make bids
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Justice Dept. Objects to Allied Outline
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GM shows signs of a turnabout
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Visteon To Sell Certain Chassis Operations In Europe, Brazil
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Economy:

Economy Expected to Remain Sluggish
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Defaults Up in Home Equity Loans, Steady Elsewhere, ABA Survey Finds
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U.S. consumer spending rose at a faster-than-expected 0.6% rate last month, while inflation accelerated. Income also rose 0.6%, though the personal-savings rate remained in negative territory
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Real Estate:

Rival banks keeping New Century afloat
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Mortgage crisis hits million-dollar homes
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Beazer receives grand jury subpoena
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Lenders scramble for loan buyers
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Federal law in eye of subprime lending storm
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After Financing the Housing Boom, Wall Street Shuts Off the Spigot
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Report Says Silicon Valley Foreclosures Are Up and the Middle-Class is Feeling the Pinch
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Credit Suisse sues subprime lenders
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H&R Block in Talks Over Mortgage Unit
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Accounting:

Dell Reports It Has Found 'Misconduct'
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Dell: Prolonging the Agony
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Semtech Options Restatement Totals $91M
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Health Care:

Two Troubled Hospitals Get $6M Loan, Watchdog
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Even insured family on brink of ruin
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FDNY slash puts Victory on life support
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Kahuku Hospital Will Remain Open
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New Bankruptcy Opinions
(2 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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Corporate Reform:

Securities Class Action Settlements Reach Record Level
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"Say on Pay" Bill Passes House Committee
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CFO to Pay $51M for Fraud, Sarbox Breach
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Richard Scrushy Went to Disney World!
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Entertainment:

Pearlman's Talent Business Bought
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'Suge' Knight: 'I Was Moving Home, Not Being Evicted'
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Enron:

State, Firm Settle for $16MLN Over Enron
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Credit Cards:

Gen Z
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Credit-card payment performace declines in January, breaking trend
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Tax:

IRS Lauded for Private Collection Effort
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'Covenant-light' debt
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Museums Learn to Love Debt
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UK:

Riise declared bankrupt
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Hungary:

Hungarian government to tackle chain debt
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Australia:

Insolvency Update - March 2007
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Russia:

Alliance Throws Its Hat into YUKOS Ring
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at accounting@bkinformation.com