June 29, 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

         
NextWave:

Verizon Wireless Urges Settlement
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A Wireless Torpedo - Court Ruling May Sink Cingular's Business
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NextWave Decision Blow to Auction Policy -- FCC
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Verizon Wireless Chief Warns FCC: 'Time Matters'
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FCC Chief Addresses Wireless Setback
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Telecoms:

360networks files for bankruptcy
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Covad: High-speed crash test
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Viatel asks court for auction approval
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Metromedia faces bank loan deadline
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Court clears rules for sale of PSINet units
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Too much fibre for the world to digest
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First Wave:

First Wave Marine could exit bankruptcy soon
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First Wave Marine Files Plan of Reorganization Supported by its Creditors Committee
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Kendleton:

Texas Town Can't Pay Speed Trap Debt, Files for Bankruptcy
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Residents weary of city's financial woes
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Restructuring . . .

Deere to Cut 1,250 Jobs, Offers Early Retirement to 2,500
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DaimlerChrysler Unit to Fire 1,120 Employees
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US Net Debtor Position Rises Sharply  

Rite Aid completes $3 bln debt refinancing - "Rite Aid has been through a Chapter 11 reorganization without filing for Chapter 11"
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Judge Says Rose Attorney ‘Knowingly Committed Fraud’ in Bankruptcy

Credit card issuers' profits set to rise
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Morgan Stanley to Pay $23 Million in Bond Case - Settlement is called a major victory for accident victims whose trust funds had allegedly been looted and depleted
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Tomato Industry:

With 40% of U.S. Greenhouse Industry in Bankruptcy, Tomato War Breaks out Between U.S., Canada
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Anti-dumping Claims by Canadian Growers
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California growers respond to Canadian allegations of dumping
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  Power Utilities:

Edison: There are times when you should get out while the going is good
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California Cites Generators for Withholding Documents
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Developments in California's energy crisis

Mission Energy Debt Sale Averts Crisis For Edison Intl
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Power Shortage Not Real, Most Californians Say
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Greenspan Discusses Energy Crisis
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Edison raises $1.185 bln to pay off debt
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Edison Intl sells bonds to pay debt
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UCLA Sees Energy-Related Recession in California
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Edison Selling Home Security Unit
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Furrs':

Furr's confirms layoffs, possible store closures as part of buyout

Furrs, Buyer Have Close Ties

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Wilkinson:

Ecampus.com investors want money back
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US bankruptcy filings see highest qtr jump-report
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Lawyers Ask for Exemption From Law That Requires Churning Out ``Privacy Notices'' to Bankruptcy Clients
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Snyder's Eyes Drug Emporium Buy
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Not Good News for Microsoft
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EarthLink Co-Founder Probe Widens
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Dotcoms:

Bank One to Shutter WingspanBank.com
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Webvan Looks to Shareholders
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Company grabs MarchFirst NY office, staff
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TWA Unveils New Look
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Class Action Lawsuit Against Raytheon Corp. on Behalf of Investors in Washington Group
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Baldwin Piano & Organ Company Secures Surety Bond -- Bond backs warranties reassuring dealers and consumers
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Movie Theater Industry:

Universal sold Loews Cineplex stock for taxes
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Edwards Could Close 6 Imax Sites - In midst of bankruptcy, O.C.-based movie chain seeks court OK to cancel lease contracts
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Edwards would drop curtain on IMAX
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What's not included in your credit score

 

 

New Bankruptcy Opinions
(1 new opinion today)

Status of Bankruptcy-Related Certiorari Petitions
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Bankruptcy Reform:

Bankruptcy Reform Unlikely in Near Future
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Laidlaw:

Laidlaw files for bankruptcy protection while restructuring $3.5B in debts
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Investors bear brunt of Laidlaw bankruptcy
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Bus operator Laidlaw seeks bankruptcy protection
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Laidlaw bonds up as chapter 11 filing fuels recover hopes
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Laidlaw files for bankruptcy in U.S., Canada
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Laidlaw of Canada Reaches Agreement
On Restructuring $3.2 Billion of Debt
(WSJ: separate paid subscription required)

American Medical Response parent declares bankruptcy

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Ex-CEO buys inventory of Paul Harris
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Seeing red: How ex-accountant added up to trouble for humbled Xerox

England:

PwC close to Barings settlement
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Austria:

Bookseller Libro staves off bankruptcy
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Italy:

Fiorentina chief rubbishes bankruptcy claims
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Fiorentina bankruptcy proceedings begin
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Canada:

Rival bidder emerges for bankrupt Canadian ski resorts
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Drowning in a sea of debt - Canadians owe $200B collectively
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Dylex strikes back in war with suppliers
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Jump in insolvencies expected
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France:

Air Littoral has until next Saturday to find a buyer, or file bankruptcy
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Japan:

Key Signals Show Japan Might Be in Recession
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.