February 7, 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:

Critics: Time to overhaul corporate boards
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Ex-Enron CEO Heads for Congressional Hot Seat
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OK, half of you yell ‘sell,’ half ‘buy’ - Enron workers say they faked trading to impress analysts
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Enron case highlights bankruptcy loophole
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Enron Bankruptcy Costs Insurers $3 Billion
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It's now a verb, as in, `Take the money Enron'
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Creditors to get tiny fraction of Enron debts
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Enron's Lay to appear before Congress on Feb. 14
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UBS to Start Energy Trading Soon After Hiring Enron Workers
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125,000 investment became $10 million for Fastow proxy
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JP Morgan had too much exposure, says chairman
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Get Ready to Meet These Enron Figures
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Enron's Fastow Worked Behind Scenes
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McMahon expected to point finger
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Lawmakers spar over Pucha repeal
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Enron Executives Protected
Pensions With Partnerships
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Lucasfilm Decries Use of 'Star Wars'
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Skilling prepares to take centre stage
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A.M. Best Says Enron Bankruptcy is Costly to Insurers
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Enron skips Calif. hearing, may face contempt charges
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Enron Lawyer Warned of Trouble
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Panel to Review Lawsuit Curbs
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The Enron scheme

Tauzin Sees Illegal Enron Acts
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Think tank says FERC RTO policy follows Enron blueprint

A who’s who of Enron witnesses - Once-close colleagues may be able to send each other to jail
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Lay's Troubles Worry Nonprofits
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Letter links Lay to federal energy regulator
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NW should not have to honor long-term power deals: Wash. AG

Field of Schemes?
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Austin's Powers exposes shenanigans at the Crooked E
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Enron Executives Sought to Fire Lawyer
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Looking squarely in Enron mirror: Investors, regulators ignored some telling signals
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Lays selling houses, land worth millions
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Enron ex-CEO Lay unsure he will take Fifth
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Enron Retirees Weren't Warned
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Enron the People's Crooks, Not 'People's Cops'
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Expert tells US House panel mark to market should change

Senators Probing Enron Will Try To Repeal Stock-Option Tax Rule
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Enron says it would consider buyout on Houston stadium agreement; Astros want deal abandoned
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Laid-Off Enron Workers Seek Answers
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Enron lawyer's memos show concern over debt, more executives take Fifth
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Enron Deal With Swiss Bank to Close
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Boys and Girls Clubs Nix 'Enron'
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Failed Enron Web Venture Owes $440K Tax Debt
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Ex-dean of Stanford business school led Enron audit panel - Stanford dean's role in Enron
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  Coho Energy files for Chapter 11 bankruptcy
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Pinnacle hints at Chapter 11 filing
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DIP Dimensions: IT Group Inc.
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U.S. stocks slide fourth day amid bankruptcy jitters
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Crescent Operating unit files for bankruptcy
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Telecoms:

Details filed for Global Crossing buy
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Global Crossing Wants to Ditch Debt, But Keep $700M
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WorldCom brought low by cashflow: US telecoms demand is continuing to slip and competition is growing
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Global Crossing, Enron Collapses Have Many Differences
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Global Crossing creditors may get 10pc

Global Crossing Accounting Being Examined by FBI
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Full plate for Blackstone Group
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Owner of Anne Klein label goes bankrupt
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Chapter 11 hearing today for Mexmil
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Law Firm Restructuring:

Work a Lot, Earn a Lot at Akin Gump
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Austin's Powers - Boom times made the Texas capital a must for Valley firms. Can their Austin outposts weather tech's bust?
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Akin Gump Eyes a UK Merger
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Reversing Itself, MoFo Gives Associates Lock-Step Pay Hikes
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Toward Higher Ground - A recession doesn't halt lateral moves. It makes them imperative as partners seek safety in ever-larger firms
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50 Most and Least Popular Law Firms for Lateral Partners
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Atlanta & DC Firms Talking Merger
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Fruit of the Loom's restructuring OK'd
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Deal OK’d in United Companies Financial Corp. stock suit
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Airlines:

Kitty Hawk Sees April 30 Emergence From Chapter 11
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Sun Country Restarts Flights; Bankruptcy Still Looms
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Air Afrique files for bankruptcy
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United chief working to reassure workers, passengers, investors
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WestJet CEO says security fees could cost small communities their air service
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Long Beach, Calif., Aircraft Builder Moves to Acquire Bankrupt Mooney
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Moody's, S&P Demand Companies Disclose Debt Risks
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Outlook for Chase? Depends on Who You Ask
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Steel:

LTV asks court to OK 2nd round of bonuses
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Lawmakers Oppose Proposed Steel Cut
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World's big steel producers ready for hard talking
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Empric Energy Criticizes LDC Operating Reorganization Plan
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Hathaway Outbid in Bankruptcy Auction to Purchase Motion Control Company
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Zilog votes on bankruptcy plan
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Bankrupt Crestland Co-op's Assets To Be Sold
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Credit Card Companies Increase Rates Quickly As Payments Come Less Easily
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated February 7, 2002
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Bankruptcy Court Web/Pacer Site Directory

Polaroid fire-sale derailed
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MoFo appoints new head of bankruptcy
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Stockwalk to file for bankruptcy
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Wall St analysts face new regime
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Tyco:

At Tyco Headquarters, Unease
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Tyco revises breakup plans
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Tyco unit seeks a clean new name
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__________________

Hare Krishnas to File Chapter 11
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Starbucks strong as Timothy's spills
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Accounting:

Andersen given 20 days to send data to creditors
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When Standards Are Unacceptable
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Andersen's Revenge Of The Nerds
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Adding up the cost of accounting sins
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HIH wins a US mention

Enron Creditors Group May File Suit Against Andersen
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Rivals try to curb Elan fallout
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Pair of New York City Retailers Seek Bankruptcy Relief
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Auction Sells Off Remnants of Tri_Valley Cooperative
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Operators of Ponzi Scheme Hit With $8.75 Million Award
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Lure of the big money draws bankers to crime
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Emcore Enters Agreement to Acquire Bankrupt Tecstar's Applied Solar Division
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Hedge fund expansion brings fraud to the fore: Instances of embezzlement or misfeasance are on the increase
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PocketScript auction ordered by bankruptcy court
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Kmart:

Kmart Plans to Close 'A Number of Stores'
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Garbage hauler wants to break contract with Kmart
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____________________

Time To Liquidate Amtrak
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Recession's Effect Seen in Increased Home Foreclosures in Indiana
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Besieged S.E.C. Is on Verge of a Major Revamping
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Japan:

Japan must jettison its baggage for recovery
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___________________

Ireland:

$750m fraud leaves AIB an easy target for predators
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Missing trader accused of stealing $750 million
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Allied Irish Fraud Could Draw In Other Banks
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__________________

Poland:

Wave of Pharmacy Bankruptcies Ahead
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