March 15, 2002 

Daily Bankruptcy News

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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:

House blasts Enron's law firm
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Pink Panther? - Vinson Role At Enron Draws Fire - Law Firm's Attorneys Criticized at Hearing
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Enron creditors face long, complicated bankruptcy
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'We proceeded in good faith'
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V&E attorneys testify they didn't know Enron facts
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Houston law firm probed for role in fall of Enron
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Enron's Federal Contracts
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Law firm for Enron approved, but at reduced rate
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Enron contagion is hard to contain
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Kmart:

Kmart's New CEO: "Who Is Kmart?"
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Kmart Falls on Carrefour's Plan Dismissal
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Ziff Davis seeks new credit pact
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Telecoms:

Interest in Global Crossing increases
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Deadline for terms of bids is moved back to March 19
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Rhythms' Liquidation Plan OK'd
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Arch Wireless Disclosure Statement Approved by Bankruptcy Court
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Small Player Weighs Bid for Global Crossing
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Steel:

Stop buying our stock, LTV pleads
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China Files 1st WTO Complaint Over U.S. Steel Tariffs
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Steel firm trustee wants Gadsden lawsuits to continue
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Steel companies ask for bailout on retiree health costs
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Steel makes plea for bailout
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Judge tries to spur talks in Ward bankruptcy case ; GE Capital calls its offer 'very good,' but creditors unsatisfied
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Safety Kleen Receives Approval of Bidding Procedures
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Slimmed Down and Hopeful
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Lender Blames Ratings Agencies for CoServ's Debt Trouble
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IMF sees much global economy risk despite optimism
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Don't Leave Home? - American Express yanks Arkansas corporate cards
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TriZetto/MaxiCare Suit Results in $3.9-Million Settlement
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Colony leading bids on Aladdin casino
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Accounting:

Andersen indicted
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Enron case litmus test for liability
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Execution Before Trial for Andersen
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Andersen workers call atmosphere witch hunt
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Andersen partners' assets in danger
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SEC eases filing rules for Andersen clients
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Andersen failure would put banks at risk
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All talked out
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International Accounting Standards Get New Respect
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If Firm Stands Still, It May Lose Ground
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Andersen Plans Reforms Following U.S. Indictment
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Andersen fallout spreads across financial world - Clients scramble to complete audits
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Andersen profitable but in danger
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Andersen Faces an Uncertain Future
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Andersen Firm Says Indictment A Gross Abuse of Power
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It's sadness and anger for Andersen alumni
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Bankruptcy likelier for Andersen, experts say
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Bankruptcy filing would carry risks for Andersen
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Switching Auditors Can Take Time
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Which would be finished first, the lawsuit or the accounting firm?
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In depositions, Arthur Andersen staffers detail 'shred room' set up to destroy documents
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Some Andersen Clients in St. Louis Area Undecided about Terminating Business
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Indictment Puts Andersen's Fate on Line
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Deloitte's Copeland does not rule out return to talks with Andersen
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Andersen Workers Look for New Jobs
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Andersen indicted for obstruction of justice
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Markets to be protected from Andersen fallout

KPMG Consulting Seeks New Name
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FASB offers reform plan, but money issues loom
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Indicted Andersen on the 'brink of meltdown'

U.S. accounting standards to get speedy overhaul
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Hold Arthur Andersen accountable 

Andersen Swiftly Fighting Indictment
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South Korea sanctions companies for accounting fraud
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Boeing Capital Faces Accounting Changes
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(cont. in 3rd col.)

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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - Updated March 13, 2002
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Bankruptcy Court Web/Pacer Site Directory

Delaware’s and New York’s big bankruptcy reorganizations are failing
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Courts Working to Keep Bankruptcies Local - Rules changes are aimed at halting 'Delaware flight' by companies filing for Chapter 11 protection
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Court asked to tell Armstrong to complete Fairsted deal
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A probing problem
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Law Firm Restructuring:

Brobeck Cuts Paralegal Supervisors
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Five percent of junk bonds to default in Q1
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Jore shoots back at UST
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Frank's Nursery & Crafts Announces Bankruptcy Court Approves the Company's Disclosure Statement for the Company's First Amended Plan of Reorganization
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Health costs could become leading cause of bankruptcy
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Bankruptcy Reform:

Senate Working On Counteroffer

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First In Line
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Bankruptcy Doesn't Stop Arkansas City, Kan., Beef Company
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'Credit scoring' riles insurance customers
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ANC Rentals Seeks Approval to Combine Alamo, National Groups at Six Airports
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Power Utilities:

Top PG&E execs made top dollar
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England:

Energis decides to omit bond payment
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Canada:

Response Biomedical back from bankruptcy protection
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Japan:

IMF sees Japan economy deteriorate without reform
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Germany:

Holzmann future again in doubt as banks fail to agree on rescue
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Andersen (cont. from 2d col.):

Lawyer: Andersen indictment doesn't vindicate fired auditor
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Polish Andersen Branch Considers Separation From Troubled Parent
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Arthur Andersen Drops From `Gold Standard' to Brink of Collapse
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