January 30, 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:

Enron names CEO, chief restructurer
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Enron CEO Cooper Rallies Employees
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Cooper is last chance for group's survival
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Former Enron Employees Request Committee
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Bank of America Fires Two Bankers Who Handled Enron
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Enron Corp. names new CEO
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Judge drops Davis Polk from Enron suit
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Houston, we have a problem: Kenneth Lay was the king of Houston
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Distributors may target end-users to recoup Enron debt

Partnership investors knew Enron intentions
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JP Morgan bosses feel the heat after Enron: A boast turned sour
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Energy expert says Enron may have influenced prices
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Enron Woes Spur Calls for Reform - Securities law and bankruptcy at issue
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Bush Dodges E-Word but Pushes Enron-Related Reform
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Attorneys for ex-Enron CEO Lay seek stop of state suits

The Right Way to Blow the Whistle
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Enron Corp. acknowledges discrepancy on lobbying fees
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Enron losses 'off the scale'
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Enron ties itself up in knots, then falls over
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Cochran Hired for Enron Workers
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Enron Names Stephen Cooper
Interim Chief During Bankruptcy
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Enron Was Open Book that No One Could Read
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Enron debacle shows need for White House disclosure
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UC hires top law firm to recoup Enron losses
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Enron names new executives
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New Enron CEO Gets Praise, Criticism
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Texan Attends State of the Union to Keep Focus on Victimized Enron Employees
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Senate Dems Seek Data On Alleged Enron Mkt Manipulation
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Sempra unit acquires Enron Metals
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Lay, cohorts: True 'villains'
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European business vanished 'in puff of smoke'
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Rev. Jackson's esteem for Lay is most holey
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Senate dems seek data on alleged Enron mkt manipulation
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Texas Atty Genl Asks For Additional Enron Creditors Group
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Rest in pieces' is the message

Lay's Wife Seeks Distance From Bush
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Wife's tears not enough to help image of Enron's Lay
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Did NBC Let Lay's Wife Get Around Hard Issues?
(NYT: separate free registration required)

Andersen's Reputation in Shreds
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Merrill Officials Invested Their Funds
In Enron Partnership That They Sold
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Severed Enron Employees Coalition Files Official Request for 'Place At Table'
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FERC willing to regulate online energy markets
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Top regulator to examine Enron's role in state crisis
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Masters of disaster
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Attorney Johnnie Cochran Asked To Help Ex Enron Workers
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Memo details Cheney--Enron links - Company's suggestions resembled elements of the administration's energy policy
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__________________

ABB to Post 2001 Loss as Cost of Asbestos Suits Rises
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  Accounting:

Accounting Fears Send Dow Tumbling
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Andersen's empty space in Nasa's accounts
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Industrials Lose 247 Points; Accounting Fears Take Hold
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Fed query leads PNC to restate '01 income 

PNC Restates 2001 Earnings
After Fed Accounting Review
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Andersen seeks to reassure European clients
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Elan's Revenue Gets a Quick Lift
From Its Complicated Accounting
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Heat on Andersen for HIH crash
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QC tells of false accounts at HIH
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Atoning For Mistakes, Andersen Does Right Thing
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Anadarko to Restate Quarterly Loss
After Finding Accounting Mistake
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__________________

BUYandHOLD declares bankruptcy
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Polaroid:

Mass. Lawmakers rap Polaroid
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Polaroid says key executive leaving company
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____________________

Telecoms:

US telecoms industry faces more bad news
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Few buyers circling Global Crossing
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Global Crossing Defends Vision
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Williams Delays Quarterly Report
To Assess Impact of Telecom Spinoff
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Failures in Sector Expected to Ease
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IDT in talks with Global Crossing
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Aggressive Accounting, CEO 'Turnstile' Damaged Global Crossing, Analysts Say
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WorldCom Shares Fall on Downgrade Rumors
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Debt concerns weigh on communications groups
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Global Crossing rescue attempt will test Winnick's acumen
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Class Action Lawsuit Commenced Against Officers And Directors Of Rhythms NetConnections
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__________________

City raises prospect of receivership
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Citigroup Hungry for Deals; Morgan Chase Full Up for Now
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Tyco:

Tyco's Options Soar Amid Concern Over Unfolding Accounting Scandals
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Tyco stock swoon wipes out $16.7 bln in value
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__________________

Kmart:

Kmart: Vendors Resume Normal Shipments
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Suppliers in Kmart return
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Kmart makes headway in first week of reorganization
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Call on Kmart Reflects How Prudential Has Put Piece of the Rock Into Analysis
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Kmart Makes Reorganization Progress
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____________________

Bankruptcy officials shut Primo beauty salons
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Law Firm Restructuring:

New Leader in DC Associate Pay
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Jenkens & Gilchrist: We Won't Fire First-Years
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DC Firms Profit By Going Back to Basics
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__________________

Farm store bankruptcy puts customers out to pasture
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Consumer Confidence Climbs for Second Month
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - updated 1/29/2002
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Bankruptcy Court Web/Pacer Site Directory

Key Client Stands by Milberg Firm
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Chicago buyout firm offers $40M for McCook
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So how come the banking sector is recession proof?
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Office Vacancies Are Continuing to Rise
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otterbourg, steindler, houston & rosen, p.c. goldberg, kohn, bell, black, rosenbloom & moritz, ltd.
and

230 park avenue
new york, ny
10169
(212)661-9100
www.oshr.com

55 east monroe street
suite 3700
chicago, il 60603
(312)201-4000
www.goldbergkohn.com

are pleased to announce
 
the
selection of     

jonathan N.
helfat
and richard m.
kohn

as general counsel for the commercial finance association, the trade group for the asset-based lending industry, effective january 1, 2002

European Economies: Recovery Won't Halt Bankruptcies in 2002
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Dot-com casualties write again
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'Critical' care and recovery
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When Companies Go Bankrupt
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CLLA and NACM announce Joint Legislative Conference
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Airlines:

Judge OKs Airlines' Reorganization
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Creditors OK $264M Ansett Airlines buyout
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Two pals grab a piece of pie in the sky

_____________________

Are Those Earnings Real?
(WSJ: separate paid subscription required)

FleetBoston Swings to $507 Million Loss, Amid Charges for Argentina, Bad Loans
(WSJ: separate paid subscription required)

Banking Stocks Fall Amid Concerns of Regulator Scrutiny
(WSJ: separate paid subscription required)

Heavy debt burden clouds US recovery

Philips International Announces Delay in Completion of Plan of Liquidation Resulting From Kmart's Bankruptcy Filing
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Japan:

Failed Kansai Kogin raised extra capital while hiding risks
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Japan's Economy Suffers New Wave of Bad News
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___________________

Australia:

Enron Australia may pay 37c in dollar

Creditors pull plug on Enron subsidiary
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___________________

England:

Blair accused over Andersen links
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Debt-ridden businessman presses on
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Now Tories caught in Enron cash scandal
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___________________

Canada:

Microforum gets bankruptcy protection
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Microforum seeks CCAA protection: Pursuing options
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___________________

Pakistan:

Need for a consolidated bankruptcy law
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____________________

Argentina:

IMF Says Argentine Bankruptcy Bill May Harm Investors
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Argentine Bill Could Force Default On Some Companies' Foreign Debt
(WSJ: separate paid subscription required)

_____________________

Korea:

Medison declares bankruptcy
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____________________

Italy:

Players urge Fiorentina to cancel contracts
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___________________

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