April 10, 2002 

Orbital Imaging lands in bankruptcy
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Bankruptcy Reform:

Bankers Group Backs U.S. Treasury's Bankruptcy Plan
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US Bankruptcy Proposal Wins Backing
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Former CEO puts Tornado-Insider back together
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Keen Realty Announces Bankruptcy Sale Of 76.6 Acres Of Hudson River Waterfront Property
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Telecoms:

Time Left Behind Iridium
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Welcome to the Panic Room, Telecom Investors
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Secret List of Potential Suitors for Global Crossing Inadvertently Exposed by Weil Gotshal
(NYT: separate free registration required)

Global Discloses Decline in Cash
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Ravens Stadium loses signs of ill times
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Level 3 may bid for troubled rivals
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Global Crossing Seeks to Pay $8.8 Million for Legere Loan Taxes
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Planet Hollywood Delays Filing Reorganization Plan
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Brill creditors seeking trustee, OK to file reorganization plan

Enron:

Enron report calls for freeze on trading unit's cash
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The Examiner Report, Ex. A, Ex. B, Ex. C

Enron plaintiffs may find deep pockets shut
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Think Houston. Buy Enron.
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Banks, Law Firms Denounce Enron Suit
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CIBC named in Enron suit
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PR manager for Vinson & Elkins plans to leave
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Iberdrola says it wins Enron assets in Spain
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Enron Judge discloses children's holdings
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U.S. bankruptcy judge orders probe of Enron deals
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Watkins wants Enron to pay lawyers
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Enron called 'Ponzi scheme' 

Shareholders claim Enron had help
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Feds Use Traditional Plan With Enron
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House Democrat proposes law to enforce corporate responsibility, accounting; GOP bill moves through Congress
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Sunbeam seeks to extend plan
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Airlines:

Midway Airlines reports rising business in February
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American Airlines Has Endured Economic Woes, Sept. 11 Since TWA Merger
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Midway Airlines Reports Positive Cash Flow in February
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Comdisco to sell Aussie leasing assets
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Levi Closings Are Latest Blow to Textile Towns
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Boston Portfolio Manager Leaves to Head Distressed-Debt Group in New York
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Arthur D. Little sold to five buyers
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Retirees from Bankrupt Doehler-Jarvis to Get Health-Care Settlement
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Bankrupt Aircraft Manufacturer Fairchild Dornier Cuts More Jobs in San Antonio
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Baltimore: Bankruptcy overseer for the Weeses
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Law Firms:

Female Associates: Have Kids Now or Face Long Odds
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Boston Firms Chop 1st-Year Pay

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Accounting:

Bankruptcy Debated as Andersen Splinters
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Firms Fought Regulators on Entities
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Auditor's Guilty Plea Signals a Big Break in Case Against Enron
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SEC's Case on Xerox May Broaden
To Include Ex-Executives, KPMG
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Andersen, Deloitte & Touche merge in U.K.
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SEC May Soon Takes Action on Disclosure Violations
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More companies dump Andersen - Walgreen, International Paper among 11 who switch auditors
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Andersen partner pleads, unit sale in jeopardy
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Buyout Offer May Slow Claims Settlements
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Andersen's Troubles Mount on 2 Fronts
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Andersen's Survival Still Uncertain
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Duncan plea seen pushing ex-Enron managers to sing
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Halliburton considers dumping Andersen as auditor
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EDS Looks to Grab Big Five Business
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Lessons Learned From Ten Most Common Frauds

Businesses Give Accountants a 'D'
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Andersen starts cuts of 7,000
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Duncan Pleads Guilty to Obstruction
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KMart:

Kmart, Penske reach compromise on shutdown of auto centers
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Kmart Reevaluating BlueLight Campaign
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Kmart's Penske centers won't reopen
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KMart KOs Tabloid for Blast at Martha
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‘Martha, Inc’ tells he untold story
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Power Utilities:

Lockyer Sues Energy Firms Over Rates
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Tax Refund, Credit Line May Help Nevada Power Co. Skirt Bankruptcy
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Cal-ISO Employee Fired for Giving Electricity Bid Information to Enron
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs - Updated April 8, 2002
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Bankruptcy Court Web/Pacer Site Directory

Federal Mogul:

Bankrupt Federal-Mogul refutes deal
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Federal-Mogul Shares Down 21 Percent
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Manufacturing Bankruptcies to Dominate in 2002, Service Sector to Rank 2nd
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Bankrupt Brennan's Ship Sells for $13.7 Million
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Judge postpones plan to sell bankrupt Las Vegas Strip resort
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EasyRiders to zoom out of bankruptcy
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Mpower keeps its bankruptcy promise
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Bond needed to block bankruptcy sale of Funge
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NationsRent Receives Approval to Continue Strategic Alliance With Lowe's
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Sale of ADL units approved
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Asbestos:

Tort Wars Get Personal -- Part Deux
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A Surge in Asbestos Suits, Many by Healthy Plaintiffs
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KSW, Inc. Settles Lawsuit With Helionetics Creditors Committee
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Details of Adelphia Business Solutions Pact Withheld in Pennsylvania
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U.S. Navy Passes on Bankrupt Northrop Cruise Ships
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TransUnion Launches Bankruptcy-Specific Risk Model to Help Credit Grantors Identify Potential Losses Before They Occur
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Globix uses equity to cut debt
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Hoping to Survive Downtown's Downturn
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Sea Star's Plan Approved by U.S. Bankruptcy Court
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Bankrupt Sleepmaster gets plan extension
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Japan:

Inditex confirms to close 11 stores in Japan after Mycal's bankruptcy
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Top 4 banks' personal deposits soar
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Germany:

Kirch Deputy Hahn to Leave Bankrupt Group
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Kirch unit looks to avoid bankruptcy
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Korea:

Daewoo car dealers attack GM takeover plans
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GM clears major hurdle to Daewoo Motor takeover
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Australia:

Australian Bankruptcies Down 9.8% In 1st Quarter From Year Before
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Canada:

Abuse Suits Force Church To Seek Ch.11
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