February 21, 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:

Lay told analysts of faith in CFO; Fastow placed on leave next day
(DBN Subscription Required)

Judge to firm: Dissolve Lay order
(DBN Subscription Required)

The Line of Fire - Enron reporters duck as the rich revolt
(DBN Subscription Required)

Don't blame the lawyers for Enron: Unlike accountants, lawyers' primary obligation is to their clients - even if that entails hiding information
(DBN Subscription Required)

Two Insurers Seek to Void Enron Policies
(NYT: separate free registration required)

No Accounting For It - Documents show Enron hid a disastrous bookkeeping error from investors
(DBN Subscription Required)

Hearings On Enron: Could This Get Ugly?
(DBN Subscription Required)

Insurers Balk at Honoring Enron Policies
(DBN Subscription Required)

Andersen officials giving depositions in Enron lawsuit

Enron agrees to sell Enron Wind to GE
(DBN Subscription Required)

Lawyer named in lawsuits will retire from Enron post
(DBN Subscription Required)

Up In Smoke
(DBN Subscription Required)

Mentality of Milken links troubled firms
(DBN Subscription Required)

New retention bonuses likely so key personnel will remain
(DBN Subscription Required)

Enron's new chief executive says probe may send some to jail
(DBN Subscription Required)

Fire sale: Power plants priced to move
(DBN Subscription Required)

SEC Chief Pitt, Accountants' Advocate, Is Odd Man Out on Enron
(DBN Subscription Required)

Sticking It to the Man - Disgruntled Enron workers mount an impromptu exhibit: The art of the deal
(DBN Subscription Required)

NewPower Holdings says in merger talks with Centrica

Enron lawsuits will go forward in Houston court
(DBN Subscription Required)

Enron ventures got over $1 bln in U.S. aid

Government aid to Enron could haunt taxpayers
(DBN Subscription Required)

Florida seeks answers on investing in Enron
(DBN Subscription Required)

Clinton helped Enron finance projects abroad

Ex-Treasury chief offered, declined Enron board job
(DBN Subscription Required)

Enron Manipulated Calif. Power Market-Former Employee
(WSJ: separate paid subscription required)

401(k) cases no longer in limbo
(DBN Subscription Required)

The Kopper Caper - Enron's secret domestic-partner benefits program
(DBN Subscription Required)

Enron's Judge Not
(DBN Subscription Required)

Enron's Benefits Shell Game? - Benefits Specialist Charges Enron Tried To Hide Millions
(DBN Subscription Required)

Hartford's Deal With Enron Is Questioned
(NYT: separate free registration required)

Arkansas Retirement Targeted By Enron
(DBN Subscription Required)

Fastow defended partnerships
(DBN Subscription Required)

House Democratic Whip Pelosi Ties Enron to Picking Regulatory Chief
(DBN Subscription Required)

Enron Workers to See Documents
(WSJ: separate paid subscription required)

_________________

Bankrupt Fort Worth, Texas-Based Insurance Firm Posts $68 Million Loss for 2001
(DBN Subscription Required)

Stanley Among U.S. Firms Warming To Bermuda To Reduce Taxes
(DBN Subscription Required)

Bad debts threaten credit card issuers
(DBN Subscription Required)

Global TeleSystems Wins Confirmation Of Chapter 11 Plan
(WSJ: separate paid subscription required)

Consumer Finance Firms' Outlook Bleak, Fitch Says
(DBN Subscription Required)  

Vornado Cancels Monday Foreclosure On Primestone Holdings
(WSJ: separate paid subscription required)

Gosman turns down bankruptcy deal
(DBN Subscription Required)

  Law Firm Restructuring:

Rumors of Partner & Associate Layoffs in Philly
(DBN Subscription Required)

LeBoeuf Announces Associate Bonuses
(DBN Subscription Required)

__________________

Shareholder lawsuit claims set to soar - Industry is facing a disastrous run on D&O policies
(DBN Subscription Required)

Judge approves Harbison DIP
(DBN Subscription Required)

NYSE urged to adopt reforms
(DBN Subscription Required)

Kaiser:

Letter from Delaware: Kaiser is fearful
(DBN Subscription Required)

DIP Dimensions: Kaiser Aluminum
(DBN Subscription Required)

Senators ask again for Kaiser audit
(DBN Subscription Required)

____________________

Telecoms:

Boutique Firm in Thick of Global Crossing Brouhaha
(DBN Subscription Required)

Ex-Global Crossing Exec to Sue Company
(DBN Subscription Required)

Telecom Tangle: Industry Under Fire
(DBN Subscription Required)

Worldcom's Bad Trip

Firm says working with SEC on Global Crossing probe
(DBN Subscription Required)

Global Crossing Cosseted Executives
As Pink Slips Loomed, Stock Fell
(WSJ: separate paid subscription required)

Telecom under pressure on probe into contracts

Deal's Loose Ends Are Tied to Global Crossing
(NYT: separate free registration required)

Nextel wobbling under huge debt load
(DBN Subscription Required)

Network expanded on swaps
(DBN Subscription Required)

Global Crossing chairman had side deal with company linked to buyout bid
(DBN Subscription Required)

____________________

Gaylord bondholders get 24 more hours to tender
(DBN Subscription Required)

Junk Bond Default Rate Hits 10.4 Percent
(NYT: separate free registration required)

Steel:

LTV auction could get complicated
(DBN Subscription Required)

U.S. Steel Submits Bid for LTV Assets
(DBN Subscription Required)

Co-Steel losses hit $115.8 million
(DBN Subscription Required)

Ex-Steel Exec Involved in LTV Bid
(DBN Subscription Required)

Steel bar imports hurt American firms, panel rules
(DBN Subscription Required)

Fence Made Of Foreign Steel Torn Down
(DBN Subscription Required)

A future, with or without steel
(DBN Subscription Required)

____________________

American Classic Voyages seeks more time
(DBN Subscription Required)

Champagne runs dry as sponsors ditch Formula 1
(DBN Subscription Required)

Guilford Mills Pursuing Bankruptcy
(NYT: separate free registration required)

Kmart:

Kmart Shareholders Group Says Company Solvent
(WSJ: separate paid subscription required)

Kmart to Withdraw From Daytona
(DBN Subscription Required)

Martha Stewart Meets Forecasts Despite Kmart Woes
(DBN Subscription Required)

Martha Stewart Net Falls; No Kmart Effect
(NYT: separate free registration required)

Kmart Thinning Its Ranks
(DBN Subscription Required)

Kmart makes customers happier
(DBN Subscription Required)

____________________

Las Vegas bankruptcies jumped 35 percent in 2001 slowdown
(DBN Subscription Required)

Personal bankruptcies in Delaware climb 21%

Bankruptcies climb to new record Individuals join corporate rush for protection
(DBN Subscription Required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - February 18, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Kellstrom enters bankruptcy-and-sale deal
(DBN Subscription Required)

Comdisco to File Reorganization Plan by April 15
(DBN Subscription Required)

Accounting:

Partners at Andersen's Houston Office Give Lawyers Road Map to Enron Actions
(DBN Subscription Required)

Creative Accounting: Four Areas to Buff Up a Company's Picture
(WSJ: separate paid subscription required)

Andersen May Settle Enron Suit
(DBN Subscription Required)

Andersen's $600 Mln Enron-Settlement Bid Is Rejected
(DBN Subscription Required)

Andersen trying for Enron settlement - Offer unlikely to appease shareholders, creditors, employees
(DBN Subscription Required)

Andersen Talks With Enron Panel,
Though No Settlement Looks Near
(WSJ: separate paid subscription required)

EU deals blow to accountants
(DBN Subscription Required)

GE Opens Books Amid Accounting Frenzy
(NYT: separate free registration required)

Computer Associates Faces Probe Into Revenue-Booking Practices
(WSJ: separate paid subscription required)

Lucent Ends Consulting Contract With Its Auditor Pricewaterhouse
(WSJ: separate paid subscription required)

____________________

Judge approves Audio Visual's exit plan
(DBN Subscription Required)

W.R. Grace seeks OK to close plant
(DBN Subscription Required)

Experts Say Bad Time for Bankrupt Aircraft Maintenance Firm Sale
(DBN Subscription Required)

Gap falls deeper, bankruptcy speculation
(DBN Subscription Required)

Whistle-Blower Sites Mine Clues Amid Mountains of Suspicion
(NYT: separate free registration required)

Power Utilities:

PG&E opposes Calif. bankruptcy plan
(DBN Subscription Required)

PG&E Criticizes State's Reorganization Plan
(DBN Subscription Required)

Calif. regulators set to clear way for power bonds
(DBN Subscription Required)

PG&E, California Regulators Gear Up for Battle on Utility's Future
(DBN Subscription Required)

PG&E Doubts Reorganization Plan
(NYT: separate free registration required)

__________________

Management Team at Irvine, Calif.-Based Coco's, Carrows May Be on the Way Out
(DBN Subscription Required)

Picking Some Junk Bond Winners and Losers
(DBN Subscription Required)

Built for the boom, many technology office parks stand empty now that firms are cutting back
(DBN Subscription Required)

England:

Over a barrel
(DBN Subscription Required)

Barclays Bank provided crucial loan at genesis of Enron scam
(DBN Subscription Required)

Standard Chartered sees hike in bad debts
(DBN Subscription Required)

Energis dives, bankruptcy seen looming after strategic review
(DBN Subscription Required)

__________________

Canada:

Dylex creditors to receive part of their claim
(DBN Subscription Required)

New deal struck to sell struggling Skeena Cellulose
(DBN Subscription Required)

Troubled Skeena may be saved
(DBN Subscription Required)

Canadian banks in glum lineup to present first-quarter earnings reports
(DBN Subscription Required)

___________________

Argentina:

Argentina forbids bankers' exit
(DBN Subscription Required)

Chase Accused of Costly Argentina Swaps Delays
(DBN Subscription Required)

__________________

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 

Copyright © 2001-2002  [BKINFORMATION.COM]. All rights reserved.