March 22, 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

         
Law Firm Restructuring:

Bingham Dana & McCutchen Doyle in Merger Talks
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Fried Frank's DC Office Goes on Diet
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No More New Branches for Clifford Chance
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Enron:

Bankruptcy Judge to Appoint Committee to Review Enron-Related Legal Bills
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Enron Expected to Demand Settlement with Andersen
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Enron Expects to Submit Preliminary Reorganization Plan Soon
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Enron chief 'knew details of partnerships - Skilling not happy about directors' curiosity
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Milbank Ouster & Legal Fees Monitor Sought in Enron
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Enron board angered by Skilling's oversight
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Enron Partnership Investor Case Judge Agrees to Kopper's Ouster
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Milbank's Enron Fees: $33,000 a Day
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DPC restrained from filing bankruptcy suit in U.S.
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Peer subpoenaed in Enron inquest: Lord Wakeham raised concerns about Andersen eight years ago
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Enron's creditors fight over Indian assets
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Senate Panel Approves Pension Law Changes in Response to Enron Bankruptcy
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In payback, Republicans shut down 3 Senate committees
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St. Paul Companies Argues In Enron Case
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Enron Outside Directors Hope To Cash In On Insurance
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Enron Watch — March 21, 2002
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India Moves to Protect Enron Assets
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Senate Panel Agrees to New Subpoenas Involving Enron Contact With Government
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Fed's Bies says banks should heed Enron's lessons
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Some Enron Stock Continues to Change Hands
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Congressional investigators take a hard look at powerful Wall Street institutions
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Senators seek Enron-White House communications
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Getting the message - Credit counseling shown to break debtors' bad habit
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Kmart:

Kmart Bankruptcy Sales to Start
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Kmart gets OK to close stores
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Kmart Could Have Until July 2003 To Weigh Certain Leases
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Will there be life after bankruptcy for Kmart?
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Michigan recycled board mill faces bankruptcy
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  Miss Cleo's company ponders bankruptcy
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First Alliance to Pay $60 Million in FTC Settlement
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Bankruptcy - America v. Europe
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Court Vacates $40.5M Punitive Damage Award Against Bank
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Accounting:

U.S. Judge Considers Mediator
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Called To Account
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KPMG may acquire Andersen's Houston unit
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Andersen HK-China to merge with Pricewaterhouse
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Overseas units begin jumping ship
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Andersen Worldwide's talks with KPMG in jeopardy
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Upbeat Talk Won't Save Andersen Now
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Andersen Worldwide Starts to Crack
As International Partners Forsake It
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Andersen clients viewed as fair game
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PricewaterhouseCoopers Is Big Winner as Andersen Loses Clients
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SEC Examines Andersen Role
In Audits for 3 Telecom Firms
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E&Y and PwC Join KPMG in Picking Up Andersen Pieces

Andersen Workers in Columbia, S.C., Say Many Suffer for Actions of Few
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For most at Andersen, Enron wasn't a client, but now it's a problem
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BMC hires Ernst & Young to replace Arthur Andersen
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Pitt Discourages Bills on Options, Auditor Hiring
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When the sum of shaken parts is totaled
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Author of e-mail on documents shredding to testify
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Edinburgh court date for Andersen
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U.K. Body Probes Andersen's Shredding
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Attorney claims Andersen will be vindicated in Enron affair

Chile's Banco Santiago, Unit of BSCH, Drops Andersen as Auditor
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Andersen pins hopes on 'early' trial

Deloitte & Touche Registration Is Renewed
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Regulators start analyzing the analysts: Critics fear planned rule changes may not solve the problems
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Suprema Specialties Bankruptcy OKd Despite Inquiries
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Safety-Kleen:

Safety-Kleen raises DIP to $200M
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Safety-Kleen debtor-in-possession financing
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Onex completes Loews Cineplex buy
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Troubled Builder's Charlotte, N.C., Businesses Are Closed
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs - Updated March 18, 2002
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Bankruptcy Court Web/Pacer Site Directory

Corporate board duties: One more time
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Bankruptcy Reform:

The drawbacks of an orderly rescue - A formal bankruptcy procedure for countries facing economic crisis would be inefficient and damaging
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Bankruptcy update: conference, bill and hearing
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Airlines:

Ansett asset-stripping claims vanish in hasty retreat
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9th Circuit Lets Casino Serve Complaint by E-Mail
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Judge Dismisses One Count against Former Kentucky Governor's Son
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Power Utilities:

California Requests Up to $13 Billion in Added Refunds from Power Giants
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Judge rejects asbestos claims against McDermott
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New Filing Lists Two Portland, Ore.-Based Shilo Inns As Bankrupt
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Bankruptcy court OKs sale of 12 Payless Cashways properties
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Telecoms:

Global execs mount federal hot seat
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Global Crossing defends business deals
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Global Crossing `no Enron'
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Bankrupt Aleron Looks to Sell Assets
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Telecoms Before Congress, Defend Capacity Sales
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Cisco could lose $200 mln if customer collapses
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Germany:

Holzmann to File for Insolvency Unless Banks Give Up Opposition
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Holzmann AG Seeks Credit Protection~
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Failed Rescue Could Mean the Final Curtain for Holzmann
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Philipp Holzmann files for bankruptcy
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Holzmann's inability to secure another bail-out suggests German politicians and banks are increasingly reluctant to rally round against market forces
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Fears grow over refinancing of MobilCom debt
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England:

Cox severs 'bad' insurance arm
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Soccer clubs face bankruptcy if ITV Digital tears up TV deal
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Japan:

Overvalued Land Masks Banks' Bad-Loan Woes
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