April 9, 2002 

Former CEO puts Tornado-Insider back together
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KMart:

Penske: Kmart May Close 700 More Stores
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Kmart's Penske centers won't reopen
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Retailers get in line for Kmart's latest clearance sale - its leases
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Kmart Disputes No. of Stores Closing
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Kmart and Penske Told to End Dispute Over Closing of Auto Centers
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Kmart Trying To Keep Penske Open
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Penske Auto Centers stay shut in Kmart court fight
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Kmart Accuses Partner of Fraud
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U.S. CMBS Downgrades Fueled by Kmart Bankruptcy in 1Q
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Bankruptcy Boom in a Falling Economy
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NTL bondholders ready to take over
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Law Firm Restructuring:

Law Firm Recruiting: The Current State of Affairs
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Pennie & Edmonds Leaves Jones Day at the Altar
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Hiring Trends: Summer Pay
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Recruiting Law Students Online Is Crucial
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Slight Rebound in Lateral Hiring
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Philly Firms Ax Support Staff
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Reassessing Associate Reviews in the Recession
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Telecoms:

Telecom Bankruptcies: A Web of Relationships Interdependency within the industry gives rise to unique bankruptcy problems
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Mpower Holding Files Pre-Negotiated Recapitalization Plan To Significantly Reduce Debt
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Asia Global Crossing Plans a Hiring Spree
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Buy-out battle that calls for a poker face
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Evercom Rating Lowered and Put on Watch Negative
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Level 3 may bid for troubled rivals
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Global Crossing Adds 3 Outside Directors to Board
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In The Crossfire - Gary Winnick's plans to share wealth with alma mater draw scorn and support at C.W. Post
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Scandals topple CEOs' formerly golden image
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Imploded ASC To Begin Liquidation
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Govt. Pension Program Loses Money
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Aladdin to seek sale despite objections
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Worried About the Rent? Charge It
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Ford loan arm acts to firm portfolios, liquidity
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Prandium, Inc. Solicits Approvals for Prepackaged Plan of Reorganization
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High Failure Rate - An academic study concludes that Delaware is a bankruptcy mill grinding out broken companies
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Enron:

Key Report on Enron Likely Tuesday
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Shareholders claim Enron had help
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Widening the Enron Net - Lerach adds deep-pocketed players to securities suit against Enron
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Wilmer Cutler Charges $20,000 a Page
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Cutoff of aid to India possible if Enron project deemed "expropriated"
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'Enron was a hall of mirrors'
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Without a Scratch? - Vinson and Elkins hasn't exactly distinguished itself in the Enron affair. But don't expect an Andersen-style belly flop, either
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New suits tied to Enron described as illogical
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Enron revealed to be rotten to the core
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Enron Execs Seek Insurance Money
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Wall St firms 'in Enron collapse'
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Banks, Law Firms Were Pivotal in Executing Enron Securities Fraud, According to the University of California
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Enron Suit Targets Street Firms, Andersen
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Dispute between Enron And Its Creditors Stalls Effort to Sell Power Plant in India
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Dabhol lenders seek legal advice on asset takeover
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FERC chief says Enron fall to hasten deregulation
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Amended Suit Charges Enron With Avoiding Overseas Costs
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Enron's McMahon Is in Spotlight
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Accounting:

Andersen shed 7000 jobs
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KPMG and PwC Songs Top the Web's Music Charts

Andersen Employees Somber
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Central Andersen figure agrees to plead guilty to single obstruction charge
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Attempt to stop Andersen breakup put on hold
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Two Asian Firms Bolt Andersen Legal
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Accounting Industry Faces Problems
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Andersen Brazil to go to Deloitte
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Loophole inflates earnings
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Duncan to Plead Guilty, Help U.S.
After Firing for Enron Shredding
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Andersen's survival still uncertain after announcing layoffs of 7,000 workers
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PwC Consulting to Change Name
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Andersen Agrees to Sell Tax Unit
To Fox Paine in Manager Buyout
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GAO Wants New Government Body to Oversee Auditors
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Andersen in Norway to merge with Ernst & Young following Enron scandal
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Restatements Raise Pay Questions
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Bill Would Toughen Fraud Penalties
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New Bankruptcy Opinions
(1 new opinion today)

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

Sheppard, Mullin Names Two Bankruptcy Partners
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Penthouse bankruptcy looms
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Thousands sink in ocean of heavy debt
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Smoothing the Way - The pre-negotiated Chapter 11 case is growing in popularity -- with good reason
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El Conejo hits the brakes, files Ch.11
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Revisiting the Rule on Trustee Standing
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Airlines:

Quick Jump in Fuel Prices May Leave Some Airlines Short-Changed on Hedges
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Bankruptcy Reform:

US open to IMF bankruptcy plan
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ISDA Leads Industry Effort Opposing Feinstein Derivatives Amendment
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Merrill Lynch:

N.Y. Attorney General Requires More Disclosure From Merrill Lynch
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Merrill Lynch faces court order
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Merrill Forced to Overhaul Research
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Judge deals blow to Ponzi scheme brokers
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Debt and Depression Can Go Hand in Hand, Credit Counselors Say
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ORBIMAGE Announces Voluntary Bankruptcy Filing; Previously Announced Restructuring Plan to Reduce Debt
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Bondholders Will Take A Bath To Float Aquarium
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Sunbeam seeks to extend plan
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Employment Issues for Bankrupt Employers Corporate America should understand how a declaration of bankruptcy affects employees
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Bankrupt Sleepmaster gets plan extension
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Affluent Americans Dodge Scrutiny on Taxes
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Sale of ADL units approved
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Germany:

Schroder offers aid as KirchMedia collapses: Hollywood debts revealed as being more than Pounds 300m
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Kirch empire teeters as core unit collapses
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KirchMedia Failure Illustrates Heavy Risks to German Banks
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Germany's moment of truth
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Studios Tight-Lipped on Kirch Bankruptcy
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A bath for companies, a haircut for banks
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With Kirch Group kaput, creditors chase crumbs
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Canada:

Roman Catholic order seeking bankruptcy protection
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Korea:

Final GM deal to buy Daewoo Motor 'imminent': creditor bank
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