May 11, 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's post-bankruptcy jubilee
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Delta's Grinstein: An Equitable Tenure
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American pilots plan new protest
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United workers protest meeting
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United faces union unrest
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United CEO tries to clear air
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Northwest stock awards widen gulf
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Airlines reinvest to please passengers - Oh, you care about service?
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Security Aviation associate sued in civil court
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Aloha's losses widen
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Airline unions exploring strategies
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Law:

Is PR Just BS?: Minorities Doubt BigLaw on Diversity
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Has Heller's Growth Strategy Backfired in San Diego?
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Secretaries Who Moonlight as Escorts -- Plus $160K Starting Salaries
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White & Case takes top UK salary spot
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White & Case Joins the $50K Club
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Winston & Strawn Raises in Cal.
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Where Have All the Partners Gone?
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For Women Lawyers, Gender Gap Is Generation Proof
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New York lawyer sends bonkers email
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One Stroock and He's Out?
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U.K. Law Firms Report Big Increases in Revenues
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Eckert Seamans Names New Bankruptcy Partner
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Linklaters' global counsel - worth the bother?
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Big Bad Bills: Padding Hours and Double Billing Clients On the Rise
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An Associate Etiquette Lesson
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Troubled SF Firm Hit With Another Five Defections
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O'Melveny & Myers LLP Announces Significant Expansion of Firm's Bankruptcy Practice
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Judge Disciplined for Stiffing Former Clients on Old Debt
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Say What?!
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Beating Up Lawyers
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Dems Press for Answers in DOJ Scandal, But Gonzales Can't Recall Remembering Nothing
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Lawyers Behaving Badly
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Paris Hilton Hires Crack California DUI Lawyer
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Gonzales on Deb Yang and Gibson Dunn, Part I
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Gonzales on Deb Yang and Gibson Dunn, Part II
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Law Partners Moving Laterally - Are They Any More Happy?
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Linklaters Fires Associates Planning A Career Move To Rival Firm
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Religion:

Catholic Abuse Victim Says Church is Evading Responsibility
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Fundraising for abuse claims - Diocese's parishes start to raise $10 million
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Bankruptcy judge lets Catholic churches continue construction
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Spokane diocese lawyers, newspaper spar over bankruptcy info
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Trial will determine who owns parishes
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Hedge Funds:

Legal arbitrage over distressed debt
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Paper:

New Jersey law to help Marcal keep plant operating
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Education:

Cash-strapped Myers University explores possible sale, bankruptcy
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Publishing:

Penthouse publisher, former executive, investor settle with SEC
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Aon Establishes New Turnaround and Restructuring Practice
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Epiq approves stock split
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Autos:

Ford CEO: Turnaround Plan Is Progressing
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Mulally optimistic, family shares opposed at Ford meeting
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Tower finds road out of bankruptcy
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Delphi plant laying off hundreds of employees
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Delphi says it's becoming tech company
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Russian firm takes stake in Magna, Chrysler eyed
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Ford family feels heat from stockholders
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Stronach and Schwartz on Chrysler bid
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Magna open to Daimler as partner in Chrysler bid
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Magna good bet to buy Chrysler
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A Russian aluminum magnate who is suspected of ties to organized crime plans to buy a hefty stake in Canada's Magna, a leading candidate to bid for Chrysler
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UAW Group Hires Advisers on Chrysler
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Magna's share shuffle
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How an oligarch got a grip on Magna
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Car warranties on the line
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GM tightens exec exit policies
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Bankruptcy Reform:

How to Retain Key Employees During Chapter 11 Proceedings Post-BAPCPA
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Corporate Reform:

Radler lying to save his skin, Greenspan says
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Will Radler force Black to testify
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Conrad Black Endures the Indignities of a Trial
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Fast Eddie fades to black
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Cracks begin to show in defense team's front
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Judge warns Radler to stop making speeches in Black trial
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Greenspan treats Radler to slashing cross
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OxyContin maker to pay $700 mln to settle charges
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Ex-Comverse Lawyer Gets One Year
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Former Comverse GC Sentenced to One Year
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Second insider trading case rocks Morgan Stanley
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Lawmakers looking at pay consultants
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Economy:

Warren: Middle class families are having trouble making ends meet
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Inflation assumes global proportion
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Investors worry consumers are slowing down
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The worst has passed in the economic slowdown, economists said in the latest WSJ.com forecasting survey. But growth in 2007 is still on track to be the weakest since 2002
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Money, health woes haunt Katrina victims
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Mass Torts:

Asbestos Victims' Lawyers Pushing Pfizer To Get Unit Out Of Chapter 11
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Retailing:

Retailers Issue Gloomy Sales Report for April
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Wal-Mart Sales 'Worst in 27 Years'
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Tweeter Says It May File for Bankruptcy
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Sleepy's offers to buy Rockaway
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Telecoms:

Vonage Says It May Have Way Around Disputed Patents
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Tech:

Zunch files for Ch. 7 protection
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Tax:

Acting IRS Commissioner Grilled on Private Collections
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Accounting:

The Treasury plans to form a panel to recommend changes in how the accounting industry operates, including limiting liability.
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FASB change requires dramatic change in the accounting treatment of SPVs
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Bidder For Asarco Plant Wins More Time To Close Deal
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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), (12)
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Stroock Bankruptcy Group Joins O'Melveny & Myers
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Law Firm Preps for Private Equity Flameouts
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The Poverty Business
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Student Debt:

House passes more rules on college lending
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CIT to pay $3M, cooperate in lending probe
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Spellings Vows Headway on Student Loans
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Oversight of student loans investigated
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Real Estate:

Orange County mortgage casualties
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New Century creditors also oppose trustee appointment
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Solutions to subprime woes shaping up in Congress
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Subprime lender lays off Tampa workers
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Counsel Me Right Out Of The Market
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Subprime fallout - Credit scores fed the boom. Critics say the FICO numbers are full of errors and easy to manipulate
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Coast parent is sued again
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Edwards Says He Didn't Know About Subprime Push
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Subprime jobs were just on loan, turns out
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What You Can Do to Avoid Foreclosing on Your House
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Health Care:

Ex-owner of Mary Immac drops suit
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Caretaker possible for bankrupt nursing homes
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Two with ties to BMC named to its board
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Municipalities:

Resort town eyes bankruptcy
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Bankruptcy Crimes:

1 Point's Stokes indicted on 78 new federal charges
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Utilities:

County wants bankrupt power company to pay up
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Committee seeks Chapter 11 trustee in Buffalo Coal bankruptcy case
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The Ethnography of Bankruptcy Law
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Utah drops to 10th in bankruptcy filings
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Fewer Firms Report Material Weaknesses
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US companies export debt sales amid overseas growth
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UK:

Debt escape route made easier
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Record Wales bankruptcies
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Struggling borrowers targeted
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£20 Billion per Year Lost Due to Late Payment
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'More debt and homelessness,' say experts
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Ex-wives face loss of settlements in bankruptcy
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Record insolvencies - who cares?
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DWP accused of burying bad news as it closes debt centres
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Russia:

After Yukos
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YUKOS Is No Longer Bankrupt
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Little-known company purchases Yukos' HQ
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Australia:

Westpoint liquidators to get documents
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Japan:

Franco-Belgian bank looking for struggling cities
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