March 6, 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:

Delta seeks time cushion in Ch. 11 case
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Delta to cede almost half its gates at Boston's Logan Airport
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Stinson firm wins $485M settlement for retired pilots
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Northwest Airlines Feb. traffic rises
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BA shares slide on transatlantic competition fears
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Is JetBlue The Next People Express?
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Airbus Workers in France Strike to Protest Job-Reduction Plan
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Slovak Airlines files for bankruptcy
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Mergers won't raise airline values
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Law:

Backdating, Lawyer Style
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Baron & Budd Lays Off 19 Lawyers, 100 Staffers in Dallas
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More on the Mayer Brown Departures
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Former Akin Gump Attorney Accuses Firm of Age Discrimination
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Bankruptcy attorney Jonathan Friedman leaves Kirkland for Schiff Hardin (scroll down)
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Milbank, Kaye Scholer post strong '06 numbers
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Lawyers Can Get Sick, Too
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Weil Gotshal names Powers as litigation co-chair
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Lovells votes on LLP conversion
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Will the Corporate Model Backfire on Greenberg?
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The Mayer Brown Memo - Explaining Away 45 Partners . . Maybe
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Mayer Brown Rowe & Maw-ling: A Bit of Backstory
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U.S. Attorney Imbroglio: The Story That Keeps on Giving
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Gonzales Defends Firing of 8 U.S. Attorneys
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Arnold & Porter picks NY chief
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'Cover of the ABA': Amusing, By Lawyer Standards
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More Criticism of Associate Pay Raises
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Jenkens Blesses Branch Exodus, Lawyers Say
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Attorney-Client Privilege and the 'Complete Lawyer'
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Firms look to intelligence to gain a competitive edge
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Quit being jealous you don't go to UVA Law
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Say What?!
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Lerach's Bid for Lead Counsel Status Rejected in Comverse Class Action
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Is Law a Picnic?
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Hourly Billing Reduces Firm Profits
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Getting a Family-Friendly Position
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Real Estate:

US bad debt charges set to haunt HSBC for three years
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Subprime mortgage meltdown intensifies
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Fed warns lenders to be stricter
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Big investors are betting on a recovery in the subprime market as mortgage lenders' stock prices tumble
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New Century Plummets on Bankruptcy Predictions
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ResMae to be Sold for $180M to Another Buyer
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Citadel Wins Bidding for ResMae, Trumps Credit Suisse
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Use of option-ARM loans on the rise
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Subprime woes: How far, how wide?
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NovaStar shares drop 40 percent
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Wall Street hurt by mortgage worries
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Housing Bubble: Toil and Trouble Follows Predictable Pattern
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Memphis Sales Almost Equal To Defaults
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Homeowners stuck as lenders cinch standards
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6 Kara sites will be sold
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Autos:

Daimler in talks with GM on products
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Union Leader Opposes Private-Equity Deal for Chrysler
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Daimler CEO said his willingness to consider selling the auto giant's Chrysler division isn't the result of pressure from shareholders or from his company's supervisory board
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DCX chairman says Chrysler plan will work, but all options open
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Private equity firms meet Chrysler execs: report
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Skeptical Europeans surround DCX chief
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Cars and bankruptcy revisited
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Chief Says Chrysler Financing Unit May Be Sold
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Delphi lays off temps, regular employees
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Economy:

World markets bounce back
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Paulson Says Global Economy Strong
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Drowning in cheap money
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Wall Street keeps its nerve as the global slide takes hold
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US Feb services growth surprisingly weak
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Michigan to dodge recession this year, economist says
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Photography:

Non-Profit Group Keeping Maine Photography School Up And Running
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Ponzi:

Did thousands go to Yao mistresses?
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Lawsuit faults Crist in giant Ponzi scheme
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Lending:

Bad Credit Borrowers Can Get Loans ... From You
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Accounting:

Mistrial Granted in BDO Fraud Case
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Apex Silver Mines Digs Into Derivatives - May have understated its derivative liability by some $300 million
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Credit Cards:

Warren: Congress Changes Credit Cards
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Credit cards: Evil, or just risky?
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Credit Counseling:

Giuliani's Consulting Firm Getting Rid of Investment Banking Arm
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Bankruptcy Crimes:

Debtor convicted for using false social security number in bankruptcy filing
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Financial Literacy:

Groups launch credit awareness campaign
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Predatory Lending:

Lawmakers take aim at payday loan industry
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Media:

Money woes turn off USDTV
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Steel:

Funding gives HSB slim shot at survival
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Tax:

Fling With Tax Shelters Haunts Silicon Valley
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IRS Will Win Private Collection Battle, Advisors Predict
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Entertainment:

The Final Act for a Boy-Band Svengali?
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Investment banks plunge on investor fears
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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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Firm wins appeal of $135 million Iridium bankruptcy settlement
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Restructuring Redux? - Thanks to the availability of cash, the options for bankrupt companies - and their advisers - abound
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Health Care:

Health Care Can Bankrupt America
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Naturade Receives Court Approval for Reorganization Plan
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Mass Torts:

Asbestos provisions leave James Hardie at a loss
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Anna:

The Lawyer At The Center Of The Anna Nicole Tabloid Storm - An Uncompelling Leading Man
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Religion:

Embattled church seeks bankruptcy protection
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Timber:

Britt Lumber cuts a quarter of its work force
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Hedge Funds:

Disclosure Ruling Has Hedge Funds Retreating
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Do Hedge Funds Have To Disclose Their Trades If They Form A Bankruptcy Committee?
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Britain's Highest-Paid Woman Embroiled In Bitter Employment Law Fight - Threatens to lay bare the secretive world of hedge funds
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Corporate Reform:

Former Conrad Black firm pleads guilty to fraud
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Taking on Executive Pay
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Cuomo Brings In Hired Gun for Grasso Case
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Rare-wine collectors, auction houses and importers are being investigated by federal prosecutors in a probe of alleged counterfeit-wine sales
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Student Debt:

Student Debt Mayhem
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Deal sought for financier jailed 7 years for contempt
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National Gas Distributors files reorganization plan
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Printer founded in 1845 to liquidate
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Comparing the Performance of Market-Based and Accounting-Based Bankruptcy Prediction Models
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UK:

Barclays Says Company Plans to Cut More Than 600 Jobs
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Taylor Wessing poaches Osborne insolvency boss
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CAB slams new bailiff seizure laws
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Debt Free Direct says FY profit will miss forecasts by 10-15 pct
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Ricky down off roof and into a prison cell
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Austria:

Atomic bankruptcy under investigation by committee
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Canada:

Bankruptcy trustee refuses Hallmark Technologies deal
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Japan:

5 held over 100 mil. yen phone scam
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Russia:

This oligarch knows how to survive
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