April 5, 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

         
Enron:

Enron Employee Committee Holds Organizational Meeting, Selects Counsel And Leadership

Pact to Replace Enron Trustees Runs Afoul of Bankruptcy Judge
(WSJ: separate paid subscription required)

Judge to rule on venue for Enron suit against Dynegy
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Boston-Based Financial Firm to Oversee Enron Retirement Plans Despite Dispute
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Deal is reached to pick examiner in Enron probe
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Enron-Related Parties To Meet On Examiner Issue
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True fiction
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Enron employees committee gets to work
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Enron judge approves CEO contract revisions
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Enron Satisfies SEC's Demands on Plans to Rebuild Company
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Feds Said Squeezing Ex-Enron Lieutenants
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CSFB Bankers Had Served As Directors of Enron Entities
(WSJ: separate paid subscription required)

CSFB Bankers Directed Enron Entity
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Double billing puts Enron customers in tough spot
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Judge To Issue Order On Enron Outside Examiner Next Week
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Enron independent auditor decision coming
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Enron Creditors Scrutinize Banks
(WSJ: separate paid subscription required)

Enron walks away from Dabhol power project
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6 Banks, 2 Law Firms Added to Enron Suit
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Senate Questions Nominees on Enron
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EOTT says court OKs cancellation of Enron contracts
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Power Utilities:

A year into bankruptcy: Did PG&E choose wisely?
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Energy officials work to shape Calif power plan
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Post mortem of a utility on the brink
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Edison Int'l reinstitutes bonuses for top execs
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Ailing Edison International Gave Healthy Bonuses to Management
(WSJ: separate paid subscription required)

___________________

CEO Resigns from Friede Goldman
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Kmart:

Kmart Wants $10 Million Line of Credit to Pay Chief Executive
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Court Names Panel To Review Fees In Kmart Ch 11 Case
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Kmart slashes new locations
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Kmart Preferred Shares Lure Investors
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Kmart hires firms to help with store leases
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Kmart Store Closures Will Include Many of Its New Ones

Kmart Won't Escape Bankruptcy Just by Dumping Old Real Estate
(WSJ: separate paid subscription required)

Top Exec at Kmart Paid $1 Million
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Hardship Pay
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Out in the cold? - Malden Mills creditors to help decide Feuerstein's future at firm
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Trilex Trucking Firm Files for Bankruptcy Reorganization
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  Telecoms:

Carlyle-Led Group May Bid for Asia Global Crossing
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More Offers Are Expected for Global
(NYT: separate free registration required)

SEC Launches Formal Inquiry Of Qwest Accounting Practices
(WSJ: separate paid subscription required)

Group Ponders Offer for Asia Global Crossing
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Law Firm Restructuring:

Boies Schiller Merges With Miami Firm
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Merging Firms Decide New Name With Flip of a Coin
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Law Firm Hiring Trends and Outlook
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Wall Street analysts talk the new reform talk
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In-Depth Investor Conference to Address Restructuring, Turnaround Management, And Valuation of Distressed Companies
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Accounting:

Andersen trudges toward Enron deal
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Deloitte & Touche faces $200 million misconduct suit
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SEC To Vote On Post-Enron Disclosure Changes
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Andersen: Now You See It...
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NYSE reviewing conflict-of-interest rules
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Andersen splitting off much of tax practice as U.S. breakup begins; layoffs next?
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Andersen to Hold Settlement Talks to End Criminal Case, Civil Suits
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Schilit's Guide to Accounting Shenanigans
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Andersen begins shedding U.S. units - Large number of tax partners to join rival Deloitte & Touche
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Andersen Developments Around The World

Enterasys Executives Resign
(WSJ: separate paid subscription required)

MGM Says It Will Keep Arthur Andersen
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Deloitte strikes deal for Andersen tax unit
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Andersen Takes Step Toward Breakup
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Connecticut Bancshares Drops Auditor Arthur Andersen
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New Andersen chief faces justice department tussle 

Capital Pacific Holdings Replaces Andersen As Auditor
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ON Technology Corp Dismisses Arthur Andersen, Hires PwC
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Holcim May Drop Arthur Andersen As Auditor
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Calif Amplifier Replaces Arthur Andersen As Auditor
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___________________

Judge sets Tuesday conference for plan to sell Aladdin casino
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Metals USA Announces Divestitures
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Bargain Hunters Line Up For Net's Next Wave
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Adelphia:

Founders May Be Ousted at Adelphia
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Adelphia Communications Engages Salomon Smith Barney, Banc of America Securities, Credit Suisse First Boston and Daniels & Associates
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Why many highfliers built on big ideas are such fast fallers
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs - Last Updated April 1, 2002
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Bankruptcy Court Web/Pacer Site Directory

Dresser gets help from judge
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Halliburton says restraining order remains against asbestos claims
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Retail job cuts could rival early '80s
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SEC Chairman Harvey Pitt Calls
For Stricter Controls Over Options
(WSJ: separate paid subscription required)

Chasing Chase
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Crisis Forces Adelphia to Retreat
(WSJ: separate paid subscription required)

Comdisco makes another sale to GE Capital
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American Paper Facing Cash Crunch
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Economy:

Turning point for U.S. economy - Corporate profits bottoming out after deep downturn
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__________________

ACT hires Lazard for sale
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U.S. commercial paper straits drive firms to swaps
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Bogart Golf filing for bankruptcy
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CareMatrix emerges from bankruptcy
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Germany:

Kirch Group insolvency filing looms
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German banks prepare KirchMedia insolvency plan
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Fairchild Customers Steady After Bankruptcy Filing

Germany May Give Loans to Save Football League as Kirch Collapses
(WSJ: separate paid subscription required)

German bankruptcies rise by 14 percent in 2001
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____________________

Mexico:

Mexico's Tribasa Acknowledges Bankruptcy Order
(WSJ: separate paid subscription required)

____________________

England:

Energis to let Swiss business go into insolvency
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________________

Japan:

Japanese Telecom Giant Issues Profit Warning
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Top Japan banks seen posting net losses

Banks keep construction sector alive to save themselves
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Canada:

Supreme Court approves final step in Skeena Cellulose sale
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Seagull goes into receivership
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Following in Kmart's footsteps?
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________________

Australia:

Austar denies UAP bond liability
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___________________

Holland:

Dutch court rules Alitalia owed 14.56 mln eur from Fokker bankruptcy
(DBN Subscription Required)

__________________

Czech Republic:

Sazka says might file for AIG insurer's arm's bankruptcy
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