August 2, 2002 

Thornburgh named WorldCom examiner
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Two Former WorldCom Execs Arrested
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The Criminal Complaint
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Ebbers Will Be Next
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Arrested WorldCom Exec Acknowledged GAAP Problem
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WorldCom ex-CFO vows fight
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Ebbers still federal target, experts say
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WorldCom Woes Are a Factor In Mississippi House Campaign
(WSJ: separate paid subscription required)

Lights, camera and action as a courtroom drama unfolds
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Former WorldCom Officers Surrender to Face Charges
(WSJ: separate paid subscription required)

WorldCom Case Shows Feds Learning From Mistakes
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Thornburgh named examiner for WorldCom bankruptcy
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Treated Like `Common Thieves'
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Judge In WorldCom's SEC Case Reiterates Role Of Monitor
(WSJ: separate paid subscription required)

In Mississippi Town, WorldCom Arrests Are Just Desserts
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Worldcom's Ousted CFO Drove Growth Strategy
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Former WorldCom Execs Free on Bond
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WorldCom customer exodus begins
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WorldCom Execs’ Walk of Shame
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Airlines:

UAL confirms hired bankruptcy lawyers
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Airline's Financial Plan Approved
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Vanguard can seek financing to resume operations
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US Airways executives, officers to take pay cuts
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Vanguard has a week to seek new money
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Corporate Reform:

Queasy Corporate Reform
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Lawmakers Seek More Action on Business Scandals
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Holland & Knight forms national corporate governance practice group
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Executive coaching is helping CEOs to cope
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Curbing the CEO Cult
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Spectacle of executives in handcuffs marks departure from government strategy in Arthur Andersen case
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Now Spitzer turns his guns on the rich but fallen idols of corporate America
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US Investors Still Uneasy Despite High Profile WorldCom Arrests
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Economy:

Stocks Skid as Recovery Questioned
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Wobbling
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Fraud Lawsuits against Stockbrokers Soar across Nation
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Bankruptcy Reform:

Democrats Offer Employee-Oriented Bankruptcy Reform Legislation
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Bill seeks bankruptcy revamp
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A Bad Bankruptcy Bill?
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With Unfinished Agenda, Congress Juggles Compromise and Confrontation
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Hoosiers and a harmful bankruptcy bill
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Bankruptcy filing called option for archdiocese
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NY state attorney general probes bonus awards to heads of bankrupt groups
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Man faces bankruptcy over uninsured sewage
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APW out of bankruptcy
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Deaths in the valley - These are lucrative times for bankruptcy specialists
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Today's Bankruptcy Cartoon

NationsRent's creditors ask court to file plan
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Enron:

Kenny & Co. living the high life
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Enron May Have Used Pipelines to Improperly Secure Late Loans
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Ex-Enron executive's suicide case won't be reopened

Enron finally puts headquarters building on block
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Accounting:

Tough new world - The accounting industry expects more litigation and higher audit fees
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Four Ways Companies Combat Accounting Scandals
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Companies face global rules wake-up call
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DOJ Files Request to Block Andersen's Retrial
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Farmland attorney says bondholders should see some of their money
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Court OKs Provisions Of Clark Material Financing Deal
(WSJ: separate paid subscription required)

Telecoms:

Warren Buffet Buys Qwest Communications Bonds, Reports Say
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Flag Telecom Equity Holder Group Seeks Trustee Or Examiner
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Judge Allows Birch to Keep Operating
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Qwest bankruptcy is likely but not definite, analysts say
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Ha-Lo Industries Gets Another DIP Financing Extension
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Deerfield, Ill.-Based Medical Test Maker to Reorganize Under Chapter 11 Filing
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American Home Patient gets interim cash
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Eichleay in receivership
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Kmart:

EPA Files $150 Million In Claims In Kmart's Chapter 11
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Kmart CEO Talks About Company
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Operator of Grand Prairie, Texas, Performance Hall Seeks to Reorganize
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - 90 Jobs - Last Updated July 22, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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AppliedTheory Seeks Extension To File Exclusive Plan
(WSJ: separate paid subscription required)

E-Mail Sets Off Pension Panic among Polaroid Employees
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Energy:

Financial Concerns Hurt PG&E Stock
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Atlanta Firm Faces Investor Suits Over California Energy Deals
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Buffett throws Williams a lifeline
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Banks Bank More On Consumers Than Corps, Raising Worries
(WSJ: separate paid subscription required)

Geneva Steel LLC Intends to Seek An Extension For Continued Use of Cash Collateral
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SEC Seeks to Fine Securities Firms For Not Keeping E-Mail Evidence
(WSJ: separate paid subscription required)

Centis:

Centis' M&A binge leads to bankruptcy
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Direct Mail Firm Centis Files for Chapter 11
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Fandango Prevails as Bankruptcy Court Judgment Confirms Exclusive Contract with Loews-Cineplex Entertainment
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Junk Bonds Headed for Worst Year After July Slump
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Banks in for steep profit falls
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Santa Fe researchers file for bankruptcy
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Europe's Enrons May Be Lurking Behind Weak Enforcement
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Law Firms:

Peabody & Arnold realigns
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Eversheds: Profits per partner drop 5 per cent
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Warnaco:

Warnaco warns of SEC charges
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Warnaco, execs in SEC's sights
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Economic Crisis Swells in S. America
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Latin America's financial minefield
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England:

League loses £178.5m ITV claim
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Lloyds TSB bad debts, growth disappoint
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China:

China tightens bankruptcy rules to favour workers
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Italy:

Fiorentina Lose Bankruptcy Battle
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Germany:

Kirch Media has seven bidders
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Japan:

Japan consumer finance firms face strategy choice
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