May 4, 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:

American Airlines Pilots Seek Raise
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Airlines mixed; Delta Air shares rise in first trades
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Delta's shares priced lower than expected
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On the road with Gerald Grinstein
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Northwest says it has resolved objections of some claims holders
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UAL's United Boosts Business Fares Up to $100 per Round Trip
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Chaos in the skies
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How airline workers' savings were hijacked by ESOPs
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Law:

Orrick Ups Calif. Associates' Pay to $160,000
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Orrick Raises California Salaries
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The Women Partner Problem
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Associates Should Be Seen and Not Heard
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Firm's Internal Politics Spur Corporate Partners' Exits
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One Turf Battle at a Time, Law Firms Chase Littler
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Former Deputy AG Comey Offers Praise to Fired U.S. Attorneys
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Wrestling with life
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UK: Shearmans ups salaries - 3PQE on nearly £100k
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Lawyer Sanctioned After Blowing Up at Process Server
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As Seen on TV: Attorney-Pundit Admits Ethics Violations Over Fees
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New White House Counsel Cashes In as He Exits Firm
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Greenberg Traurig Rebuilds Its Lucrative Lobbying Practice After Abramoff
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Akin Gump: Truly A 'Full-Service' Law Firm
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Reminder to Self: Omit Name From Death Threat Against Judge
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Law Firm Rescinds Offer to Ex-AutoAdmit Executive
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'The Supreme Court Clerk of My Heart': Not Talkin' About Pam Talkin
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Latest Xoxohth Fallout
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Official worst law firm website
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Redundancy embarrassment for Freshfields
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Supreme Court Approves Federal Rules Amendments
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Student Debt:

NY seeks alumni testimony on NelNet ties
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College loan 'scams' probe widened
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Alumni groups, Nebraska firm on AG's radar
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New York Art College Canceled Deal With Lender After Learning of High Interest Rates
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Predatory Lending:

OR House Approves Predatory Lending Rate Cap
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Tech:

All American gets OK on first-day motions
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Environmental Law:

When firms fail, the government collects pennies on the dollar for Superfund site work
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Banking:

ABN Amro loses ruling, roiling bidding battle
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More People Are Stumbling On The Treadmill Of Debt
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Autos:

GM debt may be better value than GMAC
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GM Turnaround Gains Little Traction
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GM has a profit, but faces challenge
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DURA Automotive Evaluates Strategic Alternatives for Atwood Group
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GM, Ford, UAW Are Driving on Road to Get 'MAD'
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UAW-Delphi contract deal near: GM
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GM's Continued Losses Heighten Urgency On UAW Talks
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ASC files for bankruptcy protection
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Bernhard visits Chrysler
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Corporate Reform:

Defense quick to challenge key witness in Black trial
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Former governor doesn't waver
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A lord's summer of discontent
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Duke's B-school cheating scandal
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Banker charged in TXU inquiry
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Hotel Cogdell -- Houston's home to the foreign defendant
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Real Estate:

Buyers of homes and condos are suing builders in an effort to get out of contracts they signed when the market was hot
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New Century to lay off 2000 workers as unit goes unsold
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Ellington Wins New Century's Loans With a $58 Million Bid in Auction
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New Century Shuts Lending Unit as No Buyers Emerge
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Tax penalty compounds mortgage problems
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UBS Scraps Costas's Hedge Fund After Mortgage Losses
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ResMae Wins OK to Send Plan to Creditors
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Coast continued to to hemorrhage in 1Q, losing $2.4 million
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Houston-area late mortgage payments on rise
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Housing Slump Hurts Weyerhauser Revenue
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Federal mortgage laws sought
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Subprime Mortgages: A Case of Back to the Future
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Telecoms:

Vonage denied retrial bid in Verizon patent dispute
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Utilities:

Judge OKs bankruptcy reorganization plan for Entergy New Orleans
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Calpine Corporation: Alarming Risk, Potential Reward
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Youth Debt:

The young and the frugal
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Health Care:

Bayonne Med Center owes lawyer who did hospital deal, Committee selected
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Johnston Memorial Hospital Under New Ownership
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Corporate Governance:

Is Dow Jones in Revlon Mode?
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When companies die, sometimes entrepreneurs are born
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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)
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Bankruptcy Reform:

When Bankruptcy Meets Divorce
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Please To Be Fixing My "Erroneous Areas"
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A new analysis should prompt Congress to revisit the 2005 bankruptcy law and make it less burdensome for honest, hard-working consumers
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Accounting:

Fee feud clouds $10M verdict in audit case
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KPMG Germany Is Faulted in Siemens Probe
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Mass Torts:

Better late than never: Illinois Supreme Court considering Lipke rule
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"Go Curlin!" Say Fen-Phen Plaintiffs
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Economy:

Strong Reports Lift Economy and Ease Inflation Concerns
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Productivity Grows, Services Expand
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S&P 500 Index Pushes Above 1500
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Enron:

Prudential Financial OKs tentative settlement in Enron case
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UK:

Insolvency risk high for over-55s
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Interest rate rises to send insolvencies soaring and turn IVAs into bankruptcies
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Personal insolvencies hit record in England and Wales
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Brits say debt below £15000 not worth worrying about
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Record number of personal insolvencies -- bad news for debtors and creditors
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Millions of Brits unphased by high levels of debt
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Lawyer warns IVA firms to be cautious over ad claims
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Boxer Harrison fights off debts bid
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Mass Torts: Dust cloud
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UK credit industry raises concern over proposed Consumer credit directive
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Begbies Traynor make a further acquisition
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Venezuela:

Chavez targets Venezuela's banks
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Chavez takes aim at banks and steel maker
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Chavez mortgaging Venezuela's future
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Russia:

Rosneft buys Yukos assets in Siberia
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Canada:

Bankruptcy official might seek more cash from United Church
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Germany:

Curtain Drops for Enik
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