January 17, 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 plans to exit bankruptcy despite US Air bid
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Swissair trial opens with 19 executives charged
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Mesaba traffic down 66 percent in December
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Unlikely open skies agreement would be good for business
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NWA unions want stock obligation to be settled
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Midwest Airlines fights takeover bid
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Airlines climb out of the red
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Law:

Akin Gump Promotes Restructuring Partner
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Because he's worth it?
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Revealed: Baxter killed Dewey-Orrick merger
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Associate Sues Sullivan & Cromwell for Sexual Orientation Discrimination
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Associate Hits Major NYC Law Firm with Gay Discrimination Suit
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Interview with the Plaintiff
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Does S&C Hate Gays (and Canadians)?
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S&C Associate Files Complaint; S&C Chairman Fires Back
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Prominent NY Lawyer Sues Posh London Hotel After Bedbug Attack
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Mahoney Calls "Heads," Wins An Argument
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Race is on for Linklaters top job
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U.S. Attorney's Office in L.A. Sees Exodus
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Top U.S. attorney in Bay Area resigns
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U.S. Attorney Departures Raise Concerns
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Wiley Rein to Drop "& Fielding"
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A Dewey Defection Across the Pond
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UK chief: hours billing must be scrapped
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Duane Morris Enters Singapore Market
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Duane Morris: Good morning Vietnam
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Judge Seeks Inquiry Into Allegations That Lawyer Eavesdropped on Jury Deliberations
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Anonymous Lawyer
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Freshfields associates offered counsel path
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Judges Look to Clerks With Experience
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GE Finance reshuffles legal team
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National Firm Sued Over Missed Filing
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Heller Ehrman launches in London
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Southern Shops Make Plans for Merger
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Law Firm Winston & Strawn Adds Strength in Insolvency Practice Hires Prominent Laterals Marwil and Thomas
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Ex-CA Lawyer Gets Two Years
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Bankruptcy Reform:

Conservative-Progressive Overlap: Revising the 2005 Bankruptcy Reform
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Energy:

US Energy System unit says to exit bankruptcy quickly
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Pensions:

US Supreme Court upholds pension changes
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IBM Fights Off Pension Plan Appeal, Avoids $1 Billion Payment
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Health Care:

Warren: Gameboys or Appendectomies?
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250,000,000, insured but still in trouble
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Cancer Institute Unlawfully Used Federal Grant Money
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More and more medical bills paid on credit
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Peer-to-peer loans working out kinks
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Courts Address Whether Lenders Must Warn Of Fraud
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Autos:

GM CEO sees deal with Delphi, union, soon
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What's Delta's official creditors committee thinking? No comment
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Auto suppliers' impact deserves more attention
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In Failing Auto Supply Sector, 'The Big Three' Are Hedge Funds
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Visteon 401(k) lawsuit nearly settled
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UAW: Expect sacrifice
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Real Estate:

Bankruptcy judge OKs replacement loan for Kara Homes
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Foreclosures fall 9% in December
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2 Mills Corp Holders Offer Recapitalization Plans
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Hedge fund offers $499 million investment in mall developer Mills
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Housing, cost of living weigh down S. Fla.'s growth
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2 shareholders offer dueling plans for debt-saddled Mills Corp.
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CA banks sending more default notices
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Record CA home prices, falling sales
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Calif. lender's Hub loans hit
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Colo. reclaims top foreclosures title
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Kent County MI Home Foreclosures up 74% in 2006
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Food:

Pittsburgh Brewing can take labor pact to bankruptcy court
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Judge extends deadline for Pittsburgh Brewing reorganization plan
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Economy:

US to have 'soft landing,' IMF head says
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IMF says global economy to grow 5%
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Minimum Impact From Higher Minimum Wage?
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Corporate Reform:

New charges against 3 defendants in Refco fraud case
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Forbes could get nearly 16 years in Cendant case
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Senate Panel May Limit Tax-Deferred Pay to $1 Million
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Opening statements expected in HomeGold securities fraud trial
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Jurors chosen in HomeGold trial
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Regulators Open New Insider-Trading Inquiry
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Apple: First, Blame the Lawyers
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Accounting:

Eversheds' E&Y tax swoop sees firm challenge accountants
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Media:

Granite Broadcasting Secures $25 Million Credit Facility
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Adelphia Announces Temporary Extension of the Stay of the Confirmation Order
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Predatory Lending:

Lawmakers back payday lending ban
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Payday loan average repay: twice amount
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Legislation Will Target Predatory Lending
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Bankruptcy court orders Your Home Resort to liquidate assets
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Wells Fargo, US Bancorp Net Rises on Business Loans, Fees
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U.S. Bancorp Charge-Offs Rise 25% from September to Year End
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Credit Quality Weakens At Big US Regional Banks
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Hooters owners explore reorganization, possible sale
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Werner Seeks Extension for Ch. 11 Plan
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New Bankruptcy Opinions
(3 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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Court Considers Dumping Bankruptcy "Fobian" Rule
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Supreme Court hears arguments in bankruptcy case
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Music:

Steinway withdraws offer for South Bend business
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Student Debt:

House to vote on cutting interest on student loans
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Dems ease off on cut in student loan rate
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Students say they need break
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Sallie Digs In
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Furniture:

Furniture maker files for bankruptcy
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Enron:

Enron case becoming 'deep pocket' suit, attorneys say
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Erik Klingenberg to Teach Structured Finance at St. Johns Law School
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Retailers, maker of Stacker 2 pills to pay $21.15M
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Global Home Wins Ch. 11 Extension
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Relation-back in bankruptcy
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Chicago gallery failed to pay consignors, judge rules
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Power broker to broke: Scandal in Lorain Co.
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UK:

FSA chief to step down
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Inflation hits 10-year high of 3 per cent
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Ward Hadaway opens third Newcastle office
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Government to curb firms selling debt write-offs
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Grant Thornton Recovery & Reorganisation appoints two new partners
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Music Zone sees 31 stores close but search for a buyer goes on
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Firm's last-ditch plea for a buyer
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First-time buyers borrow more
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The Explosion In "Get Out Of Debt Free"
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Higher overdraft and card rates make banks millions
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Banks take revenge on cap on charges
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Mortgage lenders in a hurry to arrange more expensive deals
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Fiji:

Fiji interim minister says December coup saved country from bankruptcy
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Russia:

Duma adopts law guaranteeing financial protection of tourists
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Russia's top prosecutor says former Yukos oil execs to face money laundering charges
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Korea:

Prosecutors Linked to Corruption Scandal
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South Africa:

Fallen companies rarely rebound
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Switzerland:

Citibank denies largest fraud in Swiss history
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Italy:

Core Capitalia Holders Decide To Reinstate Geronzi As Chairman
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