March 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

         
Enron:

Firm says contract of Enron's Cooper was altered
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SEC against Enron's Cooper hiring
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The Objection

SEC objects to Enron CEO Cooper's hiring
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Enron's Hire of Turnaround CEO Meets Unusual Dissent From SEC
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Zolfo-Cooper Response to SEC Objections to Interim CEO of Enron
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Regulators Announce Investigation
Into Enron's Commodities Trading
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NY's Biggest Firms & Their "Sacred Cow" Clients
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No basis to sue CSFB over Enron
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Second round of Enron bonuses eyed
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Enron Nixes Some Exec Perks; Follows SEC Objection
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Enron employees say law firm faces conflict of interest

Dems Back Off Scandal Comparisons
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Enron Was Mostly Right About One Thing: Deregulation 

Enron asks to pay $4 million in back property taxes q
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Lawyers Confident Florida Can Sue Money Managers Successfully over Enron
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Enron weighs on GOP prospects
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Enron suit sent back to state court
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Enron making it hard to fill corporate boards
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Wall Street Partnerships: Too Close for Comfort
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Senate To Vote On Feinstein Energy Derivatives Measure
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Analyzing the analysts
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Cleaning up the boardroom
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DOJ talks with Andersen may lead to decision
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Enron Lists 2,000 Secured Creditors
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Enron's a hot two-bit stock
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Swiss Regulator Asks Credit Suisse For Enron Information
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Eateries, coffee bars see business dwindle with Enron debacle
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Skilling defends his own veracity
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Skilling's mom isn't buying what her son was selling
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Enron's Skilling Met With O'Neill
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'Cagey Cajun' Tauzin leads inquiry of Enron
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Post-Enron blame game is absurd
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Enron Hasn't Resonated in Polls
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Oregon Regulators May Freeze Sale of Enron Subsidiary
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From a reverend's viewpoint, Enron scandal reeks of sin
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Jinro aims to stop Goldman from buying its debt
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Crown Files Voluntary Petition for Bankruptcy Under Chapter 11
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When the banker comes calling
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Future Beef to run operations while in bankruptcy
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NationsRent given financing approval
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Don't expect bankruptcy trickery to fool the judge
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AMF bowls a strike
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Federated's strong return from bankruptcy
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Kentucky Bankruptcy Judge Gives Company Time to Get Bonds for West Virginia Mines
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Power Utilities:

PG&E refiles bankruptcy plan
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Calif. hydropower group lukewarm on PG&E rescue plan
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  D&O insurance draws a crowd
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Telecoms:

Global Crossing tries to keep creditors happy
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Debevoise Gets Global Crossing Work
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Global to Slash More Jobs, Shut 71 Offices
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Global Crossing tries to stop shareholder suit
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Bank One tightens telecom credit
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SEC requests documents from Qwest
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Global Crossing CEO, Fighting Liquidation, Seeks Cost Cuts
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Bandwidth prices set to crash
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Fiber optic cost $70b more than necessary
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New Owner to Raise Concerns on Winstar's Books
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Verizon Wireless Seeks to End NextWave Obligation
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Coming out party for telecoms
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Global Crossing CEO Says 40 Groups Considering Bid
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Global Crossing chief a risk-taker
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XO Debt Restructuring Pits Forstmann Against Icahn
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Cashing in on fiber-optic crash
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Global Crossing chief claims investor support
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Triad may take longer to recover from recession than other parts of nation
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Kmart:

New Plan Cuts Estimates on Kmart Closings; Kimco Also Affected
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Kmart to cut fewer stores than expected
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Pink Slip Special
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Kmart landlords say closings to have little impact
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Kmart reveals hit list; experts say expect more
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Closing Kmart's shoppers feel blue
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Workers lack severance
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Demographics helped local Kmarts make cut
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Analysts question extent of closings
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Kmart's comeback will determine the final blow to region

283 to Close as Store Restructures
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Kmart to Eliminate 22,000 Jobs, Close 284 Stores
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New Plan Cuts Earnings Estimates on Kmart Closings
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Chiquita:

Bankrupt Chiquita views March 19 exit
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Chiquita wins rescue backing
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Mortgage Delinquency Rates Drop in Fourth Quarter 2001
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Economy:

Global Job Market Poised to Recover as Companies Resume Hiring
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How Real Was This Recession?
Depends on Who You Ask
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Insider sales indicate the new bull may be bull
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Talking down US recovery
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Huge inflow to US junk bond funds on recovery hope
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End of the line looms for Amtrak

Law Firm Restructuring:

NY Firms Hiring More Temps, Federal Reserve Says
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Troubled Holt Group woos creditors with rescue plan
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New Bankruptcy Opinions
(No new opinions today)

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

Bankruptcies Expected to Remain Plentiful
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Lease dispute keeps bankrupt Kitty Hawk grounded
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N. Hills Bankruptcy Lawyer Investigated For Theft
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Agricultural companies wilt into Chapter 11
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Bidders line up for Aladdin casino
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Golden parachutes prove hard to secure: For hundreds of top executives, a hefty severance deal is far from guaranteed
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Accounting:

Arthur Andersen talks selloff with Deloitte
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Enron auditor 'up for sale'
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Accountants unable to shake dodgy stereotype
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Andersen Seeks a White Knight
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Arthur Andersen, U.S. Are Negotiating, People Say
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Incentives feed audit woes
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Computer Associates' SEC Probe Hinges on Contract Accounting
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Expert Discusses President's Plans for Accounting Oversight
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Defections, suits threaten Andersen's survival
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Prosecutors prepare first salvo against Andersen

Industry Experts Predict Big Problems for Arthur Andersen
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Bankruptcy Reform:

Spotlight shines on bankruptcy legislation
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Debt to Society
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Safety-Kleen wins OK of rules for $311M sale
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Bankrupt Guilford selling Twin Rivers unit
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Steel:

Steel wars: saving a sick industry
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Legal threats rise as steel tariff move proves divisive
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Erie, Pa.-Area Tool-and-Die Industry Hopes for Benefit from Steel Tariffs
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Bush Move to Mitigate Steel-Duty Impact on Brazil Draws Fire
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A vision of shaping idle mills into an agile company
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LTV: from bankruptcy to buyer
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Financial Problems Plague Indiana's Steel Companies
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Steel Industry Likely to See Round of Consolidations, Expert Says
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___________________

Credit card debt buries young adults
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Court approves National's use of financing
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Israel:

Pro-Laser goes bankrupt
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__________________

Argentina:

Argentina's Banco de Galicia close to rescue
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Canada:

A modest proposal to keep creditors at bay
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_____________________

Australia:

Investigator wants to end Skase money chase
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___________________

Japan:

Japan's Deposit Insurance Cap Adds to Weary Nation's Financial Woes
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Another Japanese regional bank fails
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