May 25, 2007

Daily Bankruptcy News

Also available on the Web (with links to the news stories) Here
Prior editions: Here
Search prior headlines: Here
Search prior New Opinions: Here

Aviation:

US Congress weighs new pension relief for airlines
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Hawaiian Airline Announces Layoffs
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Air Line Pilots Association now supports retiring at 65
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Security Aviation's Kane told trustee wants cash, jewels
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War spending bill provides airlines pension relief
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Law:

Locke Liddell merger
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Merger called a positive sign for Texas law practices
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Locke Liddell Merger With Lord Bissell Will Form 700-Lawyer Firm
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Orrick's Staffing Moves Pay Off -- Will Other Firms Follow?
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Looking Into Ralph Baxter's Church Financing
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Longer Green = Longer Hours
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Mayer Brown Raises
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Lathams pays more in London than New York
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Eversheds scrapes bottom of bonus barrel
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Goodling Post-Game
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Goodling Post-Game 2
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Linklaters London staff get small bonus hike
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McGuireWoods Fires Partner Who Questioned BAR/BRI Settlement
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Firm allocates offices on basis of personal hygiene
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Dorsey Partner Rebuked Over Document Mishap
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Say What?!
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Form's trainees in marigolds shock
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Getting Ready for the Rules Changes
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Smaller Law Firms Mull Associate Salary Hikes
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NY Lawyer, 60-Year-Old Wife "Redefine" Age With Birth of Twins
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Bridge-and-Tunnel Firms Surge in Headcount, But Feel Growing Pains
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The KPMG Case's One Degree of Judicial Separation
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The Lever to Pull to Increase Existing Law Firm Profits
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Corporate Reform:

Adelphia's John Rigas, Son Timothy Lose Their Appeal
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Security guard testifies at Conrad Black's racketeering trial
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Conrad Black Trial - A Life So Lavish His Chaffeur Had A Corporate Amex Card
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Trump dodges Black trial questions
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Witness describes removal of boxes
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Capoccia's wife sentenced
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Lessons from Arthur Andersen
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Photography:

CPI, Portrait Corp. deal clears hurdle
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Autos:

GM expects to take $1-billion charge related to Delphi bankruptcy
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GM's Financial Engineering
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Delphi, UAW come together on holiday pay
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The New Heat on Ford
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Economy:

Economists Point to Home Data Volatility
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US Stocks Fall for Third Day as Interest-Rate Outlook Dims
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Fitch Study Shows Link Between Falling U.S. Home Prices & Rising Subprime Defaults
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US Growth Expected to Cool, Falling Below Pace in Europe
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Real Estate:

New US home sales surged in April by most in 14 years, prices plunge
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Existing-Home Sales in U.S. Were Probably Unchanged Last Month
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Big drop in home prices predicted
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Kara Homes Reworking Bankruptcy Plan
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Subprime fiasco helping some borrowers
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Tower Records sued over lease sales
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Northeast Commercial Services files for Chapter 11
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New Century says probably overstated 2005 earnings
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USA Capital investors sue private equity firm
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The U.S. sued two big real-estate brokers for allegedly receiving kickbacks for steering home sellers to a provider of hazard reports
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Retailing:

Shareholder Committee in Hancock Ch. 11 Case
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Gambling:

BETonSPORTS bankrupt, pleads guilty, to cooperate with US government
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Predatory Lending:

Payday lender fined $100,000
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Group sets out to stop predatory lenders
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Loan sharks the cost of immigration reform?
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Corporate Governance:

Duties of Directors of Insolvent Delaware Corporations
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Energy:

Court Approves US Energy Biogas Corp's Plan of Reorganization
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Tax:

Panel hears 'harassment by IRS-hired private debt collector
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House IRS collection hearing
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Hundreds of companies could owe tens of billions of dollars in back taxes, newly required regulatory disclosures show
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Bidders Jump Ahead of Auction Deadlines
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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), (12)
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Online Claims Trading
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Auction your Chapter 11 claim to the highest bidder

www.t-rexauctions.com

Free • Anonymous • Non-Binding

Firm Gets Greenlight for Representing Both Sides in Bankruptcy
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Don't Insult the Bankruptcy Judge in Open Court - "a few French Fries short of a Happy Meal?"
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Why Think About Delaware?
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Learning From Failure
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Mass Torts:

Congoleum to Rework Plan After Ruling
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Faulting Lawyers, N.J. Judge Voids Congoleum's Pact With Asbestos Claimants
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Student Debt:

Reform college lending
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As higher education costs rise, so do debt loads
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Derivatives:

Banks turning to credit derivatives as trading tools
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Credit Counseling:

'Debt Elimination' Defendants Settle FTC Charges
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Executory Contracts:

Analyzing Footstar
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Executory Contracts & Puzzles of the Code
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Bankruptcy Law and Firms' Behavior
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UK:

Will the banks back simple IVAs?
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Debt Denial is a Bigger Problem Than Expected
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Pensioners are carrying the biggest debt burden
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Carousel fraud 'out of control'
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Ireland:

Intrum Justitia Slams Irish Businesses Over Bad Debts
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Russia:

Russia Wins a Yukos Round
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Japan:

Japan remains world's biggest creditor nation
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