June 11, 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

         
Supreme Court Rejects Case Testing Consumer Privacy Rights
(DBN Subscription Required)

Enron:

States want liability extended for firms with links to Enron
(DBN Subscription Required)

Lieberman Presses for Enron Papers
(DBN Subscription Required)

Top rival to Reliant pulls out
(DBN Subscription Required)

Enron Creditors Appeal Order On Defense Payments
(WSJ: separate paid subscription required)

Enron calling
(DBN Subscription Required)

Enthusiasm Ebbs for Tough Reform in Wake of Enron
(DBN Subscription Required)

______________________

Genentech Ordered to Pay $300 Million in Damages, Punitives Phase Next
(DBN Subscription Required)

Airlines:

US Airways applies for federal loan guarantee
(DBN Subscription Required)

US Airways applies for loan as pilots up concessions

National expects approval on loan soon, lawyer says
(DBN Subscription Required)

US Air/Loan Guarantee -Said Guarantee Is Key To Avoid Bankruptcy
(WSJ: separate paid subscription required)

_____________________

Fitch Places United National Bancorp's Rtgs On Rtg Watch Neg
(DBN Subscription Required)

Power Traders:

Fitch Comments On Credit Impact Of FERC`s `Show Cause` Order
(DBN Subscription Required)

U.S. power traders shrug off turmoil and trudge on
(DBN Subscription Required)

Duke, Mirant, Williams Deny Manipulating Power Prices
(DBN Subscription Required)

_______________________

Trying to Steer Clear of Bankruptcy - District Taxi Drivers Struggle to Preserve Once-Proud Company
(DBN Subscription Required)

Navarre Corporation Enters into Agreement to Acquire Assets of Bankrupt Encore Software, Inc.
(DBN Subscription Required)

National Finance:

Former SATAI leader facing arrest; denies allegations over National Finance
(DBN Subscription Required)

Arrest warrant issued for ex-NFCer Fisher
(DBN Subscription Required)

__________________

Year was good financially, bad professionally for many top-paid execs
(DBN Subscription Required)

Desa looks to sell U.S. operations
(DBN Subscription Required)

Farmland retiree: Miscalculations led to debt
(DBN Subscription Required)

Net Nanny pursued by creditors, prepares restructuring proposal
(DBN Subscription Required)  

Law Firms:

D.C. Firm Raids Second Local Partnership
(DBN Subscription Required)

No More Origination Credits for Wilson Associates
(DBN Subscription Required)

Canadian Firms Promise Kinder, Gentler Practice
(DBN Subscription Required)

Entire Firm Can Lose Coverage if Lawyer Lies on Application Form
(DBN Subscription Required)

The Rating Game
(DBN Subscription Required)

______________________

  Adelphia:

Adelphia's Century unit files for bankruptcy
(DBN Subscription Required)

Adelphia's Leonard Tow Resigns
(DBN Subscription Required)

Two quit board of Adelphia
(DBN Subscription Required)

Adelphia takes action
(DBN Subscription Required)

Bankruptcy of a Division May Signal Adelphia's Fall
(NYT: separate free registration required)

Adelphia's triple-witching day
(DBN Subscription Required)

Adelphia's Southern California unit files Chapter 11
(DBN Subscription Required)

Cable Firm Fires Auditor
(DBN Subscription Required)

Adelphia winning race to the bottom
(DBN Subscription Required)

Adelphia's Hypocrisy

Desert Hot Springs, Calif., Customers Stay Tuned to Adelphia after Delisting
(DBN Subscription Required)

____________________

Telecoms:

Trustees extend KPNQwest closure deadline
(DBN Subscription Required)

ICG gets deal extension, delays bankruptcy exit
(DBN Subscription Required)

Sprint not leasing lines to firm
(DBN Subscription Required)

KPNQwest Collapse Has Rivals Circling its Customers
(DBN Subscription Required)

Viatel Emerges From Chapter 11
(DBN Subscription Required)

Global Crossing's revenues, cash balance drops
(DBN Subscription Required)

Tele turmoil
(DBN Subscription Required)

Metrocall is Granted Order Restricting Trading
(DBN Subscription Required)

Asia Global X'ing seeks US$250 mln financing
(DBN Subscription Required)

Chmn made no promise to invest in Global Crossing
(DBN Subscription Required)

Web users face 'Black Wednesday'
(DBN Subscription Required)

______________________

Steel:

Birmingham Steel Receives Approval Of First Day Motions
(DBN Subscription Required)

Steelmakers fear cheap imports
(DBN Subscription Required)

Delisting hurts Bethlehem Steel
(DBN Subscription Required)

Troy Mills sold to N.Y. firm
(DBN Subscription Required)

____________________

$1 million sale of bankrupt Diamonds ball team is finally OK'd
(DBN Subscription Required)

Alan Bond convicted of fraud
(DBN Subscription Required)

Bankrupt Brill selling radio stations, papers

Kmart:

Kmart chief asks employees to come forward with information
(DBN Subscription Required)

________________________

Glaxo in Major Battle With IRS Over Taxes on Years of U.S. Sales
(WSJ: separate paid subscription required)

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 152 Jobs - Last Updated June 10, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Tyco Replaces Chief Lawyer, Is Hit With Downgrade of Debt
(DBN Subscription Required)

Bankrupt York gets DIP loan
(DBN Subscription Required)

Accounting:

Verdict may be near for Andersen
(DBN Subscription Required)

Andersen Deliberations In Sixth Day
(DBN Subscription Required)

Andersen jurors still mulling verdict
(DBN Subscription Required)

Andersen jurors may be headed for a deadlock
(DBN Subscription Required)

Auditors in search of the future
(DBN Subscription Required)

Long deliberations cheer Andersen's lawyer
(DBN Subscription Required)

_________________

Top executive compensation totally out of control
(DBN Subscription Required)

Two charged with conspiracy - A farm couple are accused of hiding assets from creditors
(DBN Subscription Required)

High court won't block bet the company credit card brawl
(DBN Subscription Required)

Objection to Proposed Sale of Safety-Kleen's Chemical Services Division Withdrawn; Court Sets June 17 Sale Hearing Date
(DBN Subscription Required)

Hollow victory? Brokerage tied to Stockwalk bankruptcy promises to pay
(DBN Subscription Required)

Century Commun Corp Files Petition For Chapter 11
(WSJ: separate paid subscription required)

Insurers riding a new wave of asbestos claims
(DBN Subscription Required)

Defendant in $76 million Ponzi scheme pleads guilty in Seattle
(DBN Subscription Required)

Gray Communications Systems, Inc. Signs Definitive Agreement To Acquire Benedek Broadcasting Corporation From Bankrupt SHC
(DBN Subscription Required)

Japan:

Japan Suffering Worst-Ever Failures of Listed Firms
(DBN Subscription Required)

____________________

Czech Republic:

Town for sale amid debt crisis
(DBN Subscription Required)

_____________________

England:

Pride was my downfall, says Aitken
(DBN Subscription Required)

_______________________

Hong Kong:

Hong Kong has fallen on hard times
(DBN Subscription Required)

____________________

Russia:

Russian Bank's Fall Offers Investors a Cautionary Tale
(DBN Subscription Required)

_________________________

Denmark:

Danish bankruptcies rise 22 pct yr//yr in Mar-May
(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