May 23, 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:

Judge won't allow Northwest to estimate claims against it
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US Airways Pilots, Passengers Paying For Management's Mistakes
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Law:

Where Does the Time Go While You Watch the Clock?
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LeBoeuf Lamb Raises Pay in California
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Partnership snub sparks mass counsel walkout at Shearman
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The World's First Publicly Traded Law Firm
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Anonymous Lawyer
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Rules are rules -- the FRCP rewrite
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Firm Leaders Defect, More to Follow to the Exits
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New Breed of Law Firm Touts a Shift From Big-Firm Tradition
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Lawyer Can't Appeal Judge's Verbal Sanctions
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Summer Associate of the Day
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Say What?!
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Lovells' financial results underline poor year
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Litigants Launching Web Sites
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The D.C. Madam Endorses...
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E-Evidence: Who Let the Dogs Out?
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JPMorgan to reward firms for diversity commitment
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Zero Summer Game
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MBRM names new chief for Chicago HQ
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There's More to Life Than Money in Hot NY Job Market
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Federal Circuit Eyes Attorney-Client Privilege Waiver
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Federal Judge Rejects Prince's RICO Claim Against Legal Team
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How to Handle Commodity Legal Work
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Law School Flunks Again
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Freshfields restructure: final bill to top £55m
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Health Care:

Yahoo! Posts Erroneous Claim of CytoDyn Bankruptcy
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US health care crisis squeezes families
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Texas Has Most Uninsured Residents in Nation
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Wall Street:

Insider Trading With The Big Boys
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Utilities:

Cleco Corp. Sells Calpine Bankruptcy Claims to JP Morgan Chase Bank, NA
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Maritime:

'Arrested' Ship Continues To Sail
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Food Drink:

Interstate Bakeries doubled monthly losses on higher costs
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LeNature's might be sold off in segments
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Tax:

House Ways and Means to hold hearing on private tax collection
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Standing N---- Before the IRS
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Debt Collection:

Repo men, interrupted
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More debt collectors accused of abusive tactics
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NetWolves Corp., affiliates file Chapter 11
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Autos:

Ford Family Wondering If Time to Sell
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UAW slams Dura's plan for bonuses to top executives
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ASC proposes bonuses (scroll down)
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Chrysler's burden is our own
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Chrysler's New Master
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Chrysler execs reassure workers, tout recovery
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Change or die: It's our choice
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Real Estate:

New Century Wants to Pay Citigroup
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Fremont Sells Lending Unit, Replaces Top Managers
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California slow to curb subprime home lenders
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Subprime bust hits GSO
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Sentencing date slated for builder Slayton
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Speed of subprime bust surprises lenders
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Retailing:

Rex pulls plug in Tampa Bay
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Rag Shops Seeks to Close Stores
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Publishing:

ICG/Holliston Files for Bankruptcy
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Holliston Mills factory in to sale through chapter 11
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Tracking Inflight's money
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Health Care:

Schwarzenegger calls for fix to 'broken' healthcare system - Many are just "one long hospital stay away from personal bankruptcy"
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Kessler hearing postponed
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Health executives say charity care hobbles hospitals
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Online Claims Trading
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Claim Trading:

Taking a Bite Out of Bankruptcy Claims
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Veteran Launches New Debt Buying Business
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Credit Cards:

Nevada Close to Banning Universal Default
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Americans reeling under credit card debt
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Economy:

Rich don't save either
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Bankruptcy Reform:

Consumers may suffer with bankruptcy law changes
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Religion:

Sex-abuse accusers can sue priest trainers
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Hedge Funds:

Hedge Fund Secrecy vs. Bankruptcy Code Disclosure Requirements
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Wood River investors charged that prime broker UBS fraudulently earned over $100 million by misusing knowledge of the now-defunct hedge fund's trades
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Hedge Funds: Lessons Learned From The "Radnor" Decision
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Unjust Enrichment and Creditors
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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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Corporate Reform:

Black Called Investor Complaints About Fees `Idiocy'
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Conrad Black jury hears angry shareholders
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Jury hears Black's rants
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Gambling:

Trustee investigating San Jose card club layoffs
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Student Debt:

Financial Aid Directors Fired
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Chemicals:

Appeals Court Hears Oral Argument on Behalf of Solutia Employees
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Entertainment:

Mystery missive in Pearlman fraud scheme
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Jackson legal thriller history
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Derivatives:

Derivatives market grows at fastest pace in nine years
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Economy:

How economic bubbles built America
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Sovereign Debt:

Paris Club creditors plan steps over vulture funds
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Corporate Governance:

Reexamining the Fiduciary Paradigm at Corporate Insolvency and Dissolution: Defining Directors' Duties to Creditors
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Entrepreneurs Among the Bankrupt?
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UK:

Debt firms could have fees capped
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Insolvency practitioners have criticized comments from banking group Capital One calling for a cap to IVA fees
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Mortgages: Get ready for a bumpy ride
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FTI Consulting Launches European Restructuring Business in London With an Initial Team of 13 Senior Restructuring Professionals
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Sweden:

Triangelfilm files for bankruptcy
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Canada:

Interim Receiver enters into exclusive negotiations with Catalyst Fund Limited Partnership II
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Russia:

Anti-trust body suspends $4 bln deal to sell Yukos offices
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Australia:

Future Fund custodian linked to Enron collapse
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Bankruptcy advisor sentenced over baseball-bat attack
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Japan:

Japanese Bank Recovery Struggles
(WSJ: separate paid subscription required)

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