March 14, 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 seeking to recruit non-executive chair for post-bankruptcy board
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Shareholders object to NWA's bankruptcy-exit delay
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Court Will Confirm Independence Air Plan
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Bait and Switch
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Republic Airways amends agreement with Delta Air Lines
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Law:

Bracewell Scoops Up Evan Flaschen, Co-head of Bankruptcy at Bingham McCutchen LLP
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Giuliani firm raids Bingham for Parmalat star
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Duane Morris wins conflict fight
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Alston & Bird Raises First-Year Pay Yet Again
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Alston & Bird Inequities?
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Email: 'Plan for Replacing Certain United States Attorneys'...
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Linklaters pre-empts partner vote with LLP conversion
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U.S. Attorney Imbroglio Upgraded to a Mess
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O.J.'s Lawyer Re-enters the Spotlight
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Say What?!
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Are Law Firms' Diversity Efforts Discriminatory?
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Gibson Dunn Used "Legal Thuggery," Say Montana Supremes
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Firm's Unique Accounting Model Places Emphasis on "Net Income Per Lawyer"
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Without an Office, NY Solo Carves Niche as "Outside In-House Counsel"
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Prominent Law Firms Report a Pro Bono Pullback
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Supreme Court's Scalia Says Future Nominees Will Face Bitter Fights
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Debating Law Firms and Affirmative Action
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Retailing:

Retail Sales Rise Less Than Forecast
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Steel:

Citation files for bankruptcy a second time
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Exemptions:

Bill may allow more Nebraskans facing bankruptcy to keep homes
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Credit Cards:

Steve Case Takes On the Credit Card Giants
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Health Care:

Downsizing And Cuts Eyed At Two Hospitals
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Kessler to receive $2.5M cash loan
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Economy:

Wall Street, Washington Huddle on US Markets
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Great and good fail to agree on what is bad with financial system
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Religion:

Verdict in Oregon priest abuse suit against archdiocese
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Lending:

Your Choice: $3400 Today or $3800 Next Month?
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Bankruptcy Reform:

The Bankruptcy Abuse Prevention and Consumer Protection Act: Means-Testing or Mean Spirited?
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Autos:

UAW's focus includes organizing 'transplant' automakers in US
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2 private equity firms likely front-runners to buy Chrysler
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Cerberus gets Bernhard to advise on Chrysler bid
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Chrysler buyers ready; renaming asked
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Union leader says Dana strike possible
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GM reports 4Q profit
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Carmakers face day of reckoning
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GM's split from GMAC not painless
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Real Estate:

Foreclosures At Record Pace
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Fears of mortgage crisis as homeowners face 12% interest - Research predicts 2.2m defaults on home loans
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Subprime Uncertainty Mounts
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U.S. mortgage applications rose last week
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Behind the subprime crisis
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Storm over subprime loans strengthens
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Home builders will feel spillover effects from subprime's woes
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Foreclosure Rise Brings Business to an Investor
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Damn the early payment defaults, full steam ahead
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Late mortgage payments jump to 3 1/2 year high
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Subprime mortgage sector rattles markets, triggers probes
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Overblown Fears In Subprime Land
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Ohio leads U.S. with foreclosed mortgages
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H&R Block Shares Decline on Increase in Subprime Loan Losses
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Congress eyes tougher standards for subprime market
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Fed, Comptroller Publicly Chastised Few Lenders During Boom
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Tighter lending rules to help consumers in the long run, attorney says
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Europe's Banks Rattled by US Subprime Troubles
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Will Icahn Nail WCI?
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Chateaux on Central Files for Bankruptcy
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Massachusetts subpoenas firms on subprime research
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Judge OKs Rules for Global Home Auction
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Lenders' woes may hit office market
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NJ Affordable appraiser pleads guilty
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Accredited, New Century Lead Slide in Mortgage Shares
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Doubts over Fieldstone deal amid subprime woes
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Problems deepen in subprime market
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Corporate Reform:

Conrad Black Loses Bid to Stall US Request for More Evidence
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Fine Legal Minds And Conrad Black Fight To The Death
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Jury selection begins in Black trial
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Expect Black to make bold entrance
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Co-accused to play key role in Black trial
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Black Confident in Face of Fraud Trial
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Former Peregrine CEO pleads guilty
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Executives say regulation too onerous
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Entertainment:

Will Imax Make It?
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Pearlman creditors seek Chapter 11 trustee
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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)
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Enron:

FERC Judge Seeks Sanctions Against Enron Consultant, Lawyers
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Food/Drink:

Interstate Bakeries CEO Jung has work cut out for him
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Judge appoints broker for Le-Nature's plant sale
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Bankruptcy Judge Rejects Nellson Deal
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Intellectual Property:

Bankruptcy Treatment of Intellectual Property Assets: an Economic Analysis
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Utilities:

Ameren Ditches Credits for Consumers
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Illinois to probe claims of utilities' financial weakness
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Rate freeze would bankrupt ComEd, cripple Illinois
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Pensions:

Hedge-Fund Risk Hits Pensions
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Mass Torts:

Punitive Damages Bring Vioxx User's Award to $47.5M
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Accounting:

In California, Accounting Gone Awry
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Corporate Governance:

Using Bankruptcy as a Corporate Governance Tool
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Tax:

Taxpayer Abuse and Harassment Prevention Act (2007)
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Bankruptcy Crimes:

'I betrayed my wife and my children'
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Playmate tells fraud trial of gifts, gambling
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Showtime: The onetime highflier and his centerfold
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Accused lawyer helps pick own jury
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Bankruptcy filings decline dramatically
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UK:

Credit card providers claw back lost profits
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Australia:

Rising tide of bankruptcies swamps helpers
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Australia's Subprime Home Loans Less Risky Than US
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Canada:

How to defraud a bank and get a pat on the back
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Why bankruptcy lawyers are fast on their feet (scroll down)
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France:

UNM could be pronounced bankrupt
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Russia:

Moscow court rejects appeal to replace judge in PwC case
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