March 27, 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 plaintiffs seen set to sue big investment banks
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Few law or accounting firms expect Enron rush
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Top Enron Associates
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Houston shows its resilience after the collapse of Enron
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Suit claims UBS PaineWebber misled investors
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Enron Had Complained About Fired Broker
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The Man Who Paid the Price for Sizing Up Enron
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Did Enron Warning Prompt Firing?
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The Enron Effect - When the energy giant stumbled, Houston's small firms got stepped on
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Call it a failure of 'the marketplace'
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After Enron's collapse, analysts say they're looking closer
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Florida GOP Leader's Law Firm Wants to Handle Suit for State's Enron Losses
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Want a piece of Enron Field? Then no wisecracks
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Enron whistleblower speaks
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Greenspan Urges Caution in Writing Post-Enron Rules
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Portland, Ore., Utility Fights Ban against New Federal Contracts
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Energy Documents Fuel Court Fight Groups Say Too Much Missing
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Talk of the town: Enron-Andersen debate filling conversations
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Judge must sign off on Astros, Enron agreement
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Telecoms:

Global Tries to Stop N.Y. Station Eviction
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Marconi Must Swap Debt for Equity to Survive, Investors Say
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A Suit Says WorldCom Deals Obscured Millions in Bad Debt
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FCC poised to return NextWave-related deposits
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Court sets scene for Global Crossing tussle
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Creditor objects to bankruptcy sale of Las Vegas casino
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SL Green goes upmarket with $480M Times Square deal
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Pitfalls of Debt Negotiating Companies
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Airlines:

Sun Country, Pilots Reach Agreement
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Airlines to get millions in refunds after bailout
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Ansett Creditor Plans to Vote Against Airline Liquidation Today
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Swiss seals partnership with top US airline before takeoff

Greece's Olympic Air May Cut Flights To Avoid Bankruptcy
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TPG buys Swissair catering unit
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Virgin Blue, Patrick Pursue Talks to Purchase Ansett Assets
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Little Adoption of Electronic Signatures by Lenders Foreseen
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ANC: 2 airports blocking Alamo, National from combining operations
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Topeka: WIBW holding company files for bankruptcy

Tallahassee travel company's bankruptcy hurts college students
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Criticism Mounts Over IRS Offer In Compromise Delays
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Takeover Plan for Near-Bankrupt Schools in Roosevelt Wins Approval
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  Ehomecare.com files for Chapter 7 bankruptcy protection
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Bond Market Association Sends Letter to Bankruptcy Conferees Applauding Reform Efforts

Laidlaw sees bankruptcy ended by fall
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Kentucky Coal Producer to Give Bonuses to Workers Who Stay for Restructuring
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Court sets May auction date for Florsheim
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Sulzer Case Needs Unanimity
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Adelphia Unit Files for Ch. 11 Bankruptcy
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Accounting:

Andersen Challenged After CEO Quits
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Volcker to Quit Andersen Rescue If Partners Don't Back Proposal
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Andersen CEO resigns
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Managing Partner at Andersen's Portland, Ore., Office Tries to Ride Out Storm
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CEO resigns, but Andersen still fails to fix its flaws
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Andersen Worldwide head: KPMG deal will happen
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'The Accountant' Grabs Gold
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Some in Arizona Fear Enron Debacle Will Delay Andersen Settlement
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Network Associates Says SEC Opens Accounting Probe
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Two Memphis, Tenn.-Area Casino Firms Decide to Stay with Andersen
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Andersen Plans Layoffs in San Antonio
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SEC suit: Waste Management inflated profits
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Decline and fall of the Arthur Andersen empire
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With eye on Enron, EU wants accountants rotated
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Berardino's Exit Leaves Drama Unresolved
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Andersen's demise to leave oligopoly
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Greenspan Sees Stronger Accounting
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Andersen jobs lose luster for accounting students
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Andersen CEO Resigns in U.S.
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Andersen's Berardino, Brought in to Rebuild, Oversaw Decline
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Volcker's Plan May Reopen DOJ-Andersen Talks

PwC Consulting seeks new name
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Andersen, KPMG end Australian tie-up talks: Auditor continues to bleed clients in United States
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Berardino: fall guy or failure?
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Power Utilities:

Judge sets PG&E plan voting date
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Court orders PG&E to flesh out bankruptcy plan
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PG&E's Creditors Could Vote by June
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Creditors to choose PG&E reorganization - Those owed money can vote for either PUC or utility plan
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May Department Stores reaches agreement with Maryland AG over debt collection practices
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ABA’s Loan Delinquency Rates Drop, Except On Credit Cards
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Facing bankruptcy, Polymer down, not out
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State Title: Hovis-Hunter agrees to not sell 21 properties
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Baton Rouge couple's sentencing for theft, bankruptcy fraud postponed
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New Bankruptcy Opinions
(2 new opinion today)

Bankruptcy Jobs - Updated March 26, 2002
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Bankruptcy Court Web/Pacer Site Directory

Court OKs Greate Bay Casino disclosure statement
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Museum Co. to sell 50 stores
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EarthLink Co-Founder Slatkin Pleads Guilty to Scheme
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Law Firm Restructuring:

Holland & Knight's Bottom-Line Blues
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Boston Firm Axes 12 Paralegals
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Bingham Dana Spending Millions on Ads
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Greenspan's speech on corporate governance
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Court OKs sale of ITS aviation unit
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Economy:

Official Says US Economy Continues to Improve
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Durable-Goods Orders Jump 1.5%,
Surpassing Economists' Estimates
(WSJ: separate paid subscription required)

Fears of new recession fade
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Despite Uptick, Jobless Feel Pinch
(WSJ: separate paid subscription required)

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Steel:

Republic Technologies gets extension
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RTI facing loan crunch
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U.S. Steelmakers Increase Prices
As Supply Tightens, Tariffs Loom
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Tariffs may be worth $100 million to Weirton Steel
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American Steel Imports Up in Feb.
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LTV gets new name
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LTV retirees weighing insurance coverage options
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Exodus sells 3 data centers
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Got a Dead Dot-Com? Marty's Your Man - Pichinson cleans up after failed techs -- and business is great
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Riverside: Parkview Hospital short-term financing plan approved
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Bank asks for dismissal of Jore bankruptcy
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Japan:

Funds For Failure: U.S.-style corporate rescue funds have mixed success in Japan
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Yen Stops Here, Central Banker Says
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Bad Loans at Major Japanese Banks Are Seen Swelling to $180.53 Billion
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Germany:

High noon for Kirch as it seeks loan rescue
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Kirch facing bankruptcy tomorrow
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Murdoch's Kirch bid roils Germans
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Creditors Finalizing Kirch Bailout
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England:

CBI savages competition/insolvency proposals
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The main provisions
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Taxpayers to cover rail body's £9bn debt

Enterprise Bill sends shivers through big business despite new tax breaks
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Business cheats face jail threat
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Regulations shake-up 'will boost UK businesses'
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Enterprise bill to boost powers of the OFT
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