April 26, 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

         
A Vulture's Full Plate
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Legal bills mount (and then some) in MJK SIPC bankruptcy
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Enron:

The Enron Nine
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Judge wants Enron fees reviewed
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Playboy Photographs Women Of Enron
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Enron v. Dynegy Moves to Texas
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Dynegy shares tumble after disclosures - Probe revealed
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Lay's Success Left Him Open to Debacle
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Judge OKS Ending Enron Naming Rights
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A Knockout Punch?
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Enron To Sell Power Pacts To Constellation For $22.6 Million
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Still in Enron's Pipeline - Hard Assets Like Transwestern Are the Fallen Firm's Best Hope
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Excerpts From Interview With Kenneth Lay
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Misreading the Enron Scandal
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Panel of 5 to review legal fees - Billings for Enron creating concern
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Can Xerox Clear Its Jam? - Big Loans Coming Due
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Valley Media Wins Plan Filing Extension Through July 18
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Jazzland:

Central Florida company offers to buy bankrupt New Orleans theme park
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Jazzland Has New Suitor
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Law Firms:

Sidley Austin Grabs Powell Goldstein Trade Unit
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Florida law firms to merge
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No Pay Scale Increases at UK's Top 6 Firms
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Allen & Overy to cull staff
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Senate Panel Passes Bill Making Securities Fraud a Felony
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Motient Corp. Leaves Bankruptcy, Cuts Debt
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Bankruptcy Court Approves Verso's Deferred Payment for NACT Acquisition
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Surety Bonds: What They Are, Why They Matter
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Globix Emerges from Chapter 11 Bankruptcy
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Auditor Doubts Daw Tech Inc Can Remain A Going Concern
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  Analysts:

The Devil Is in the E-Mail
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Research analysts to be investigated
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SEC opens formal inquiry into stock-analyst conflicts
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Earthlink Co-Founder Surrenders
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Accounting:

Two Employees at Andersen Are Key to U.S. Investigation
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Trial likely as Andersen's latest bid rejected
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Workers May Be Key to Andersen Case
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Clients leave . . .Metawave, NeoTherapeutics, Sportsline.com, ThermoView,ChoicePoint
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Arthur Andersen Seeking Negotiations With Justice Department
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Pricewaterhouse Makes Rival Offer for Andersen's Tax Business
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Andersen Lawyer Got a Lifestyle Change
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Corporation man
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Andersen Scratches Times Square Plans
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Andersen Could Settle A$1 Billion Bond Claim
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Saying Goodbye
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Memphis: Deloitte & Touche to absorb Andersen
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Andersen’s German branch defects - Partners agree to merge with Ernst & Young
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Telecoms:

Teleglobe likely faces bankruptcy
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WorldCom runs low on cash, time
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International investor group to purchase PSINet Europe from PSINet Inc. under Chapter 11
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Flag Asia files for Chapter 11
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GE Capital Commercial Equipment Financing Group Closes Deal for Two of Comdisco's Assets -- Electronics and Laboratory & Scientific
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Firm wants to keep custom buses rolling
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Power Utilities:

PG&E's Reorganization Plan Now Goes to Creditors
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Jore survives bankruptcy with buyout
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Special Master in Carnegie's $2.1 Billion Suit vs. Grant Thornton Granted Extension -
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Augusta, GA: Hauler seeks bankruptcy repeal

 

New Bankruptcy Opinions
(1 new opinion today)

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

Asbestos:

Victims of Asbestos Crowded Out by Healthy Claimants
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Asbestos victims see payouts shrink - Sickest patients get less as more firms go out of business
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The Tort Mess

Foster Wheeler might not survive
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Fairchild Liquidation Sought
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Glencore snags bankrupt Vanalco
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Judge OKs sale of Trade.com's trading system
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Bankruptcy Reform:

Bankruptcy bill stalled by politics over abortion
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U.S. lauds New Action Plan to Prevent Future Debt Crises
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IMF is looking out for itself
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Panel votes to ease rules in stock fraud suits
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Kmart Exclusivity Extension Hearing Continued
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Friede Goldman Halter Sells AmClyde Division
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Houston firms riding tax-free wave - Companies seek reincorporation in Cayman Islands, Bermuda
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Harrah's sues some of ownership company's directors
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Canada:

Ontario firm sues Alberta's bank, claiming bribes led to bad credit advice
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Japan:

Ex-bank exec to pay 100 million in compensation
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Cleanup of bad loans remains elusive
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Argentina:

Argentina banks to re-open briefly
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Argentina tightens banking freeze
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England:

ITV Digital monkey business at an end
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NTL stays quiet on bankruptcy date
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NTL clarifies bankruptcy filing plans
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