May 2, 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:

Delta bankruptcy deal nice for retired pilots
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Delta Workers Get Post-Bankruptcy Cash
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AA executive bonuses driven by taxpayer dollars
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Delta hands employees lump-sum payments
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Like a Politician, Delta Hits the Comeback Trail
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The best may be behind US Airways
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Point2Point suspends operations
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Northwest Air Bonds Descend On Pricing, Fuel-Cost Worries
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Law:

Bingham McCutchen Closes Deal for Alschuler Grossman
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Gonzales Gave Firing Authority to Top Aides Sampson and Goodling
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Monica Goodling: The Power Behind the Throne
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Howrey raids boutique for bankruptcy arbitration push
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Clerkship bonuses: Cleary Gottlieb Is in Da Club
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The $50K Club Welcomes Cravath, Swaine & Moore
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School in China to Bear U.S. Law Firm's Name
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'The Supreme Court Clerk of My Heart'
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From Moral Partners to a Moral Firm
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Fewer Lawyers at Big-Tex Firms in '06
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Risks & Responsibilities of Local Counsel
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Half Sees Staffing up by Half
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Billing Ethics Survey
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Study Suggests Significant Billing Abuse
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Calif. Court's Opinion Reveals Old Financial Hits Taken by Weil Gotshal
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Bankruptcy lawyer "Action Dan"
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KSR v. Teleflex: The Supreme Court's Big Patent Ruling
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Say What?!
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Sometimes Goliath Can Beat David, Even in Front of a Jury
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ESI Searches: Getting to the Drive
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Ex-BAR/BRI Leader Blasts Deal
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Smith Moore joining with Atlanta firm
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Lawyer seeks a vacation spot where he can stay connected to his office
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Bankruptcy Reform:

Experts clash over success of bankruptcy reform
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Warren: The Uninvited Witness
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Stripping in Chapter 13
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House Hearings on 2005 Bankruptcy Law
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New bankruptcy lease rules: Option 3 (scroll down)
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House Judiciary hearings: The Second Anniversary of BAPCPA
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Sports:

NYRA dealt huge blow
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Bankruptcy Crimes:

Peel asks for new trial
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Autos:

Tower Automotive files Chapter 11 plan
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GM, Ford, Toyota, Honda sales drop
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Dana, unions back in talks on contract
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ArvinMeritor announces 2,800 job cuts
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GM May Be Survivor as It Slashes US Jobs, Boosts Asia Sales
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Magna is in talks to expand two unions
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Are Subprime Mortgage Problems About to Drag Down the Car Business?
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Battle for Car Hauler Puts Spotlight on Burkle's Dealings
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Debt Collection:

Two Nevada Bills Would Restrict Collections
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Economy:

Factory gauge points to recovery
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US April ISM manufacturing index rises
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Bernanke Warns Against Any US `Retreat Into Protectionism'
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Dick Cheney's Banker Grantham Sees World Bubble
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Telecoms:

Ashcroft joins Prosser bankruptcy
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Vonage Asks Appeals Court to Throw Out Verizon Patent Verdict
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NextWave, Part II
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Retailing:

Auction rules laid down for Hancock leases, property
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Donlin Recano Retained to Provide Bankruptcy Services for Hancock Fabrics, Inc.
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Mining:

Asarco moves closer to gaining permit for El Paso smelter
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Banking:

Coast Bank skips filing of proxy statement
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Man Accused of Running 'Warehouse Bank'
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National City to Acquire MidAmerica Bank
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Banking merger a sign of times
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Credit Suisse First-Quarter Profit Climbs 5% on Trading, Fees
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Layoffs:

US Apr Job Cuts 70,672, Up 44.2% From Mar
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IBM to lay off about 1,300 U.S. workers
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Hedge Funds:

Hedge funds lower debt levels
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Health Care:

Kahuku Hospital aid bill up for vote
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Judge Rules in Favor of Solutia in JPMorgan Bondholder Lien Litigation
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Solutia's bonds plunge after court ruling
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Chancery Court Stays Case in Favor of Bankruptcy Matter
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New Bankruptcy Opinions
(No 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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A Debt Bubble In Private Equity Deals?
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Religion:

Catholics hope bankruptcy plan enables churches to move ahead
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Real Estate:

Pending Sales of Existing Homes in US Fell 4.9% in March
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Mass. Gov. Launches Foreclosure Moratorium
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Lenders see limited benefits to governor's foreclosure stay request
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Fixing the subprime lending crisis
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Staying afloat in a tough market
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So-called subprime loans have dampened the housing markets and disappointed homebuyers - Some help is in order
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Pending Home Sales Index Hits Lowest Level Since March 2003
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Flipping Down, Foreclosures Up; Housing Slump Spurs Job Losses
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A Brain, A Brain, My Kingdom For A Brain!
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Oodles of subprime blame to go around
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Corporate Reform:

Former governor testifies at Black trial
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Thompson judgment as director assailed
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Shareholder cash 'diverted to Black company'
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Ethics emphasis could be falling short of mark
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Schools for scandal
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Cheating at Duke went beyond exam
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Hard to teach students that honesty pays in an age of high-profile lies
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Toledo-area bankruptcy filings increase 72% for month
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Single mom, $29,000 in debt
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Judge Frees Underwriters from Refco Class-Action
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Kissel estate cannot pay its debts
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Americredit's Charge-offs Jump 35% in First Quarter
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UK:

Focus DIY set for rescue deal
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Canada:

Consumer insolvency proposals up in Ottawa for Q1
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Mexico:

Slowdown in U.S. felt in Mexico
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