April 11, 2002 

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

         
Telecoms:

Buyout firms dominate Global Crossing list
(DBN Subscription Required)

Law Firm Reportedly Mistakenly Reveals Global Crossing Suitors
(DBN Subscription Required)

A crisis too far for telecoms?
(DBN Subscription Required)

Worldcom Crumbles on Grim Prospects
(DBN Subscription Required)

The Bell Is Tolling for the Beeper
(NYT: separate free registration required)

_________________

Accounting:

Andersen might have saved itself but for a series of errors
(DBN Subscription Required)

Andersen will admit to crime in Enron investigation
(DBN Subscription Required)

Deloitte accused of failing to catch fraud at InverWorld
(DBN Subscription Required)

New Audit Rules Taking Form
(DBN Subscription Required)

Andersen Talks Snagged Over Banks' Role
(DBN Subscription Required)

Plea Deal by Former Andersen Auditor Called 'Gold Mine' for Prosecution
(DBN Subscription Required)

Andersen Near Settlement with SEC
(DBN Subscription Required)

Andersen Weighs Making Legal Concessions to Delay Trial
(DBN Subscription Required)

New auditing giant for South Africa
(DBN Subscription Required)

TeamStaff Appoints PricewaterhouseCoopers as Auditor
(DBN Subscription Required)

Warning against knee-jerk reaction to Enron
(DBN Subscription Required)

Andersen Taiwan Member Signs MOU With Deloitte Touche
(DBN Subscription Required)

Manpower Inc. Names PricewaterhouseCoopers Auditors
(DBN Subscription Required)

Andersen's merger options remain open in Israel
(DBN Subscription Required)

Qwest Says Andersen Won't Get New Nonauditing Accounting Work
(DBN Subscription Required)

Westin Hotels Replaces Andersen With Ernst & Young
(DBN Subscription Required)

Cagle's Inc Dismisses Arthur Andersen LLP
(DBN Subscription Required)

Dendrite Appoints Ernst & Young As Independent Auditor
(DBN Subscription Required)

TII Network Names KPMG Auditor, Replacing Andersen
(DBN Subscription Required)

Pinnacle Financial Partners Drops Arthur Andersen As Auditor
(DBN Subscription Required)

Ensco International Dismisses Arthur Andersen As Accountant
(DBN Subscription Required)

____________________

Advantica Announces Results of Exchange Offer
(DBN Subscription Required)

Steel:

US industry opposes Bush steel tariffs
(DBN Subscription Required)

Judge OKs order for Geneva to pay its property insurance
(DBN Subscription Required)

____________________

EOTT Energy Elects New Chairman and Restructures Board
(DBN Subscription Required)

KMart:

Each time we think Kmart Corp. can't top its last blooper, we're forced to think again
(DBN Subscription Required)

___________________

Bankruptcy filings inch past first quarter of volatile 2001
(DBN Subscription Required)

Utah Bankruptcies Shoot Up
(DBN Subscription Required)  

Factory Card&Party emerges from Chapter 11
(DBN Subscription Required)

Sea Star gets bankruptcy court OK to buy Navieras/NPR
(DBN Subscription Required)

   Veteran judge to take oath for U.S. bankruptcy court
(DBN Subscription Required)

Bankruptcy Reform:

Letter from Delaware: Model Law buried alive
(DBN Subscription Required)

Institutions oppose IMF bankruptcy plan
(DBN Subscription Required)

__________________

Insurance costs for execs, directors may skyrocket
(DBN Subscription Required)

Enron:

Leaning on the Lawyers - Plaintiffs' lawyers may not have an easy task tapping 2 law firms for cash in the Enron case
(DBN Subscription Required)

Enron gets support in requesting extension
(DBN Subscription Required)

Dabhol asset sale looms
(DBN Subscription Required)

Lenders won't seize Enron plant in India...for now
(DBN Subscription Required)

Seeking Ways to Sell Enron's Plant in India
(NYT: separate free registration required)

Enron Examiner Finds No Improper Cash Transfer at Unit
(DBN Subscription Required)

The Examiner Report, Ex. A, Ex. B, Ex. C

Enron Inquiry Still in Its Infancy
(DBN Subscription Required)

Florida pension board hires law firms for possible Enron suit
(DBN Subscription Required)

Oregon Probes Enron for Racketeering
(DBN Subscription Required)

Enron bet on energy crisis
(DBN Subscription Required)

Senators rejected Enron-inspired plan for federal regulation of energy-related derivatives
(DBN Subscription Required)

Enron Quietly Ran Risky Hedge Fund Before Collapse
(DBN Subscription Required)

Enron Offered Management Aid to Companies
(DBN Subscription Required)

Ex-managers to buy an Enron unit in England
(DBN Subscription Required)

SunTrust Income Drops on Enron Loans
(DBN Subscription Required)

__________________

Exide may file for bankruptcy
(DBN Subscription Required)

Former Business Owners Who Sold To NationsRent Want to Avoid Noncompetes to Re-Enter Equipment-Rental Industry
(DBN Subscription Required)

Law Firms:

Top lawyers can fizzle in firm's top spot
(DBN Subscription Required)

Love 'Em or Hate 'Em, Law School Rankings Are In
(DBN Subscription Required)

Law school graduates are finding the job pickings fairly plentiful and largely unaffected by the economy
(DBN Subscription Required)

Across the globe, law firms expanding their horizon
(DBN Subscription Required)

Survey: Most attorneys would not start own practice
(DBN Subscription Required)

Jury remains out on law firm alliances
(DBN Subscription Required)

To get more clients, law firms should 'press' their case
(DBN Subscription Required)

Legal eagles fly coop in turbulent market
(DBN Subscription Required)

_________________

Warnaco explores selling its core assets
(DBN Subscription Required)

Aladdin sale delayed by dispute with utility plant
(DBN Subscription Required)

Gateway Outdoor Advertising files for Chapter 11

International FiberCom Seeks Court OK For Sale Of Company
(DBN Subscription Required)

Bankruptcy Judge to rule on Diamonds baseball team sale - On fourth try, will team strike out again?
(DBN Subscription Required)

The bottom line
(DBN Subscription Required)

  

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated April 8, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

InverWorld Liquidator Files $200 Million Lawsuit Against Deloitte & Touche
(DBN Subscription Required)

Airlines:

Severe turbulence
(DBN Subscription Required)

TWA Granted Continuance Of Confirmation Hearing
(DBN Subscription Required)

Sun Country Reaches Attendants Pact
(DBN Subscription Required)

_________________

The Zone of Insolvency: When has a company entered into it, and once there, what are the Board’s duties?
(DBN Subscription Required)

Viasource, 180 Connect to complete deal
(DBN Subscription Required)

North Carolina bank accidentally kills off hundreds of customers
(DBN Subscription Required)

Trustee For Sengac, Inc. D/B/A Rodier Paris Retaining Keen Realty, LLC In Chapter 7 Court Proceedings
(DBN Subscription Required)

Major banks call for better handling of global crises

Asbestos:

Halliburton is singed by claims
(DBN Subscription Required)

Facing lawsuits, Shook & Fletcher files Chapter 11
(DBN Subscription Required)

Asbestos claims flood U.S. courts
(DBN Subscription Required)

____________________

Brill Media, creditors file motions in bankruptcy case

Auditor Doubts Budget Group's 'Going Concern' Ability
(DBN Subscription Required)

Investors Focus On Quality Of Company Management
(DBN Subscription Required)

License Online sells assets, files Chap. 11
(DBN Subscription Required)

Australia:

Bankrupts down 10pc
(DBN Subscription Required)

___________________

England:

Melnitzer creditors out of luck
(DBN Subscription Required)

NTL is pressed to fire executives

Lloyd's Posts Major Sept. 11 Losses 

_________________

Canada:

Historic order faces bankruptcy
(DBN Subscription Required)

__________________

Korea:

Daewoo's U.S. Dealers Lobby General Motors to Buy U.S. Assets
(DBN Subscription Required)

___________________

Germany:

Investors preparing $5b Kirch aid package

Germany's bad debts pile up 

Banking Regulators Probe Kirch Loans
(DBN Subscription Required)

__________________

India:

India set to launch bank recovery vehicle: A plan to restructure distressed public sector debt could face legal and political hurdles
(DBN Subscription Required)

________________

France:

Court orders liquidation of France's Kalisto
(DBN Subscription Required)

__________________

Hong Kong:

Bankruptcy laws must change
(DBN Subscription Required)

_____________________

Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $39/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm. 

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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