July 10, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
W.R. Grace: 

W.R. Grace's strategy of silence
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Grace defends marketing product containing asbestos  

Grace Denies Asbestos Cover Up
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Wall St. Worried Over Pace of Profit Warnings
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Slatkin Investors Ask IRS to Drop Bankruptcy Claim
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Dotcoms:

Webvan declares bankruptcy
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Webvan becomes biggest dot-com failure
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Schadenfreude Has Its Day at Webvan CEO's Expense
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Webvan's Cupboard Is Bare
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Webvan's Drive Was its Downfall
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Webvan faithful bemoan their loss
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Webvan Stops Operations
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Bitter ending for workers - Webvan employees weren't given notice of closing

Webvan closes; 2,000 lose jobs  

Statement by Lisa Kent, President of Netgrocer
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Investors lose their collective shirts on Webvan

Workers bitter, bittersweet as Webvan folds
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Ahold says Peapod doing fine, despite Webvan failure
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Webvan's swan song - Crash, burn calls e-commerce into serious question

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Arcadia:

Great Lakes cruise company plagued by health code violations decides to shuts down

Ship's finances capsize
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Dallas: Vectrix asks for help in bankruptcy court

Texas Investors Doubt Development Group's Promises, Promissory Notes
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Waterton Management to buy Zany Brainy in $115m deal
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Tri Valley failure forces farms to cut corners
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  Telecoms:

NextWave to Spend $6 Billion for Launch
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FCC has options in NextWave wireless license dispute 5-year-old challenge could be revisited
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NextWave: Can't build on empty assets
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Metricom: Hard Not to Have Seen This One Coming
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Winstar Completes Placement of DIP Facility
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Telecom-Equipment Makers Fizzling
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Citic Pacific buys HK unit of PSINet
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PSINet Announces Definitive Share Purchase Agreement for the Sale of its Hong Kong Operations
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LTV:

Labor Agreement Clears the Way for LTV Steel Restructuring
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Without GM, analysts question LTV's prognosis
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Bankruptcy judge expects final LTV deal July 30
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LTV's deal with union paves way for layoffs
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Penn Specialty Chemicals, Inc. Announces Bankruptcy Filing
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Kahala Corp. Announces DIP Financing Provided to Ranch * 1 Inc.
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Economy:

401(k) Accounts Are Losing Money for the First Time
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Financial Privacy Rules Seen as Just Beginning of Fight
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Bankruptcy Reform:

Biden To Be Named Bankruptcy Bill Conferee
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Bankruptcy reform expected to proceed
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Cut down bankruptcy smart way
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Farmers co-op addresses bankruptcy concerns
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Liberty Lobby goes under, ends Spotlight publication

 

 

New Bankruptcy Opinions
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Power Utilities:

FERC Judge Says State Owed No More Than $1 Billion
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Energy talks end with no settlement; state could get no refunds
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Details of Calif refund offers from generators
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Concern Over Price of Power Pacts Grows
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Developments in California's energy crisis

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SunTrust Shines Up Balance Sheet Ahead of Wachovia Battle
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Warnaco Receives Final Court Approval for $600 Million DIP Financing
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Many Firms Scan Worker Internet Use, Study Finds
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TWA, American Employees Work Together
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WestPoint Stevens:

WestPoint Stevens dodges bankruptcy
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WestPoint Stevens Widens Loss Forecast
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Is layoff warning law too lax?
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Converse Aims to Recapture Old Days
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Movie Theater Industry:

'Phantom' directs change in movie theaters
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Australia:

Bankruptcies and soft job market temper optimism  

GST blamed for bankruptcy surge  

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Korea:

GM's Bid for Daewoo Below $773 Million
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Impudent Hyundai Subsidiaries
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England:

Many Independent Insurance policyholders may not seek new cover
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