August 29, 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

         
WorldCom:

Former Worldcom CFO indicted
(DBN Subscription Required)

Indictments against Sullivan latest low in once high-flying career
(DBN Subscription Required)

The Indictment
(DBN Subscription Required)

U.S. Raises Stakes in WorldCom Case
(DBN Subscription Required)

WorldCom sees divisions deepen
(DBN Subscription Required)

Fast and Loose At WorldCom - Lack of Controls, Pressure to Grow Set Stage for Financial Deceptions
(DBN Subscription Required)

3 WorldCom officers agree to plea
(DBN Subscription Required)

Sloppy, Unethical, Criminal
(DBN Subscription Required)

U.S., Pushing WorldCom Case, Indicts Ex-CFO and His Aide
(WSJ: separate paid subscription required)

Former Worldcom executives may cooperate with investigators
(DBN Subscription Required)

Salomon's Deals Prod Congress To Consider Expanding Probes
(WSJ: separate paid subscription required)

WorldCom layoffs continue
(DBN Subscription Required)

Ex-WorldCom CFO may go on trial - Sullivan may take chances with jury as plea talks break down
(DBN Subscription Required)

_________________

Letter from Delaware: Rankled about rankings
(DBN Subscription Required)

Brill:

Brill Media calls it quits
(DBN Subscription Required)

Oakland Press owner buys bankrupt Brill papers
(DBN Subscription Required)

_____________________

Accounting:

Price of Shame? Andersen Pays $60 Million to Enron Claimants
(DBN Subscription Required)

Will Pitt Pick an Accounting Watchdog Who Can Bite?
(Business Week: separate paid subscription required)

New tax rules could cause a run on policies made famous by Ken Lay
(DBN Subscription Required)

Auditors pocket £848m
(DBN Subscription Required)

BDO refutes false statement accusations
(DBN Subscription Required)

Andersen Worldwide sued by Brazil bank for $350 million over accounting
(DBN Subscription Required)

Profession begins weighing impact of fraud legislation
(DBN Subscription Required)

________________

Widow of 'Bankruptcy King' has to file for Chapter 7
(DBN Subscription Required)

Citigroup may have given many firms IPO shares
(DBN Subscription Required)

Chivor gets loan extension
(DBN Subscription Required)

Malan Realty shareholders approve liquidation
(DBN Subscription Required)

Who's Policing the Credit Cops?
(DBN Subscription Required)

Bankruptcy Reform:

Proposed Reform Would Hurt Many North Carolina Bankruptcy Filers, Groups Say
(DBN Subscription Required)

MBNA picketed over support for bankruptcy bill

_________________

  Telecoms:

What's Alarming the Bells - Rivals are finally cutting into their local-phone monopolies
(Business Week: separate paid subscription required)

360networks in turnaround mode
(DBN Subscription Required)

Icahn expects 95% of XO debt
(DBN Subscription Required)

Marconi near restructuring accord
(DBN Subscription Required)

Marconi confirms shareholders to get 0.5%
(DBN Subscription Required)

Grapes telecom to restructure
(DBN Subscription Required)

£4bn deal to save Marconi
(DBN Subscription Required)

Icahn: Tender For Senior Debt Of XO Communications Is Successful
(DBN Subscription Required)

SEC Rebuffs Global Crossing Proposal
(DBN Subscription Required)

__________________

Airlines:

US Airways union splits on wage and benefit cuts
(DBN Subscription Required)

DIP Dimensions: US Airways
(DBN Subscription Required)

National Airlines close to new financing
(DBN Subscription Required)

Major airlines' penny-pinching ways could backfire
(DBN Subscription Required)

Hooters Owner Asks to Fund Vanguard
(DBN Subscription Required)

Airports Get New Scrutiny Amid Bankruptcy Talk: Rates of Return
(DBN Subscription Required)

Airlines flying away with bailout bundle
(DBN Subscription Required)

UAL Shares Fall, as Analyst Sees Bankruptcy as Near-Inevitability
(DBN Subscription Required)

US Air Machinists' Union Reject Company's Restructuring Plan
(DBN Subscription Required)

US Airways union mulls wage concessions
(DBN Subscription Required)

Sun Country still losing money
(DBN Subscription Required)

_________________

Law Firms:

The Law: Fencing In the Foreign Lawyers
(DBN Subscription Required)

___________________

More retailers feel slump
(DBN Subscription Required)

Corporate Reform:

Remembering The `Business' In Business Ethics
(DBN Subscription Required)

Survey Shows Global Impact Of Corruption, Lapsing Ethics
(DBN Subscription Required)

__________________

Cash-poor Integra nears bankruptcy
(DBN Subscription Required)

Steel:

National Steel Corporation Announces Chapter 11 Update
(DBN Subscription Required

_______________

Economic downturns erode strikers' leverage
(DBN Subscription Required)

Asbestos ills on Congress' fall agenda
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 58 Jobs - Last Updated August 26, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

A public in debt
(DBN Subscription Required)

Restructuring officers respond to corporate distress call
(DBN Subscription Required)

Jacobson's liquidators sell other merchandise
(DBN Subscription Required)

Enron:

Reaping the Wind
(DBN Subscription Required)

Funny foundations
(DBN Subscription Required)

Enron Probe of Ex-CEO Lay Centers on Pre-Bankruptcy Stock Sales
(DBN Subscription Required)

Enron Employee Committee Comments On Approval Of Severance Payments
(DBN Subscription Required)

Government Wants to Move Enron Creditors' Suit Out of Bankruptcy Court
(DBN Subscription Required)

Times Are Tough for Former Enron Bosses
(DBN Subscription Required)

Texas Gubernatorial Candidate's Camp Defends Bank's Enron Dealings
(DBN Subscription Required)

Enron pay plan gets OK
(DBN Subscription Required)

Portland may go after Enron utility

Judge Boosts Severance Payouts To Former Workers at Enron
(WSJ: separate paid subscription required)

The Real Story of the Watkins Memo
(Business Week: separate paid subscription required)

Kopper's $12 million held up - Injunction puts payment in limbo
(DBN Subscription Required)

__________________

Baldwins' US failures threaten group
(DBN Subscription Required)

Court Freezes Real Estate Holdings of Former Adelphia Communications CEO
(DBN Subscription Required)

Napster to Seek Approval of Sale
(DBN Subscription Required)

Baseball:

Fleet stake in MLB strike seen
(DBN Subscription Required)

___________________

Tech bankers: An endangered species?
(DBN Subscription Required)

Detailing Boo's demise
(DBN Subscription Required)

Holzmann US unit set to be sold by insolvency administrators
(DBN Subscription Required)

England:

No-win situation
(DBN Subscription Required)

__________________

Korea:

Daewoo Halts Production
(WSJ: separate paid subscription required)

__________________

Brazil:

When an IMF Bailout Isn't Enough
(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 $3
9/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.com