March 8, 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:

Legal counsel scrutinized in Enron collapse
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Records Indicate a Lack of Direction for Executives in Deal-Approvals
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Enron spent $2.5 million on Bush lobbying
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Enron gets approval to retain, pay law firm
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Jackson Confident Enron Will Deliver
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Congress Seeks Enron Records from Wachovia
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Appeals court seeking briefs in ban on filing suits
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Ex-Treasury Chief Made Pledge to Lay
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Enron scandal touches Fed; central bank asked to save documents
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Fedl Judge OKs One Law Firm For About 100 Enron Workers
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Progress in Enron pay issue
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Enron employees say law firm faces conflict of interest

Sale of Enron's Indian plant to be delayed
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Enron Asks for Eight-Month Extension for Filing Reorganization Plan
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Congress Asks Wall Street Firms To Furnish Enron-Related Records
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___________________

Telecoms:

Report: XO Communications readying Chapter 11
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Experts Split on NextWave Verdict
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Gores pursue deal, separately
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Warren Buffet offers helping hand to Williams
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NYSE suspends Williams Comm., moves to delist
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Big brother is watching
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Telecom suppliers' Argentina exposure seen in mlns
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Icahn may be readying bid for XO Communications
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Icahn says opposed to XO Comm. restructuring plan
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Conseco:

Conseco shares tumble - Moodys: bankruptcy possible, but not probable
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Conseco CEO Says Finance Chief
Departed After Being Dismissed
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____________________

Hollywood Casino Corporation Announces Bankruptcy Court Approval of Greate Bay Casino Corporation's Sale of ACSC
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Official Says Minneapolis Financial Firm, Stockwalk Needs to Redo Reorganization Plan
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Economy:

Greenspan says US recovery 'well under way'
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Productivity, Jobless-Claims Data
Add to Optimism for the Economy
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_____________________

Bankruptcy Court Sets Globix Confirmation Hearing Date for April 8, 2002
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Kmart:

Kmart Gives Info Suggesting Up To 375 Stores May Close
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Thermadyne Holdings Wants More Time To File Ch 11 Plan
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  Anna Nicole:

Judge awards Anna Nicole Smith $88m
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Former Playmate Awarded $88 Million
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Judge rules pinup gets oilman's $89 million - Claim on estate confirmed despite brevity of marriage
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Cha-Ching: Anna Nicole Cashes In
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Judge rules true love, Playmate gets $88 million
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Corporate Accountability:

Bush's corporate oversight plan too soft, Democrats say
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Full text of Bush's shareholders protections
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Feeling the heat
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Cleaning Up the Boardroom
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Bush Shuns Proposal to Increase Execs' Liability
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Bush shies from tough post-Enron protection
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_________________

Chester Holdings, Ltd. Files Chapter 11 Bankruptcy
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Accounting:

Arthur Andersen may be indicted today: sources: Alleged obstruction of government investigation
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Andersen Told It May Face Charges Soon
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Arthur Andersen Threatened by Client Losses, Lawsuits
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Andersen negotiations reach a crucial point
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Arthur Andersen Needs Help to Survive
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U.S. weighs criminal charges against Andersen
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Many Auditors Get Boot after Delivering Bad Financial News
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Freddie Mac drops Andersen
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Andersen woes deepen as Delta switches auditor
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Investors are welcoming moves towards greater disclosure in reporting, but in the wake of the Enron debacle have the additional worry of whether they can trust the auditors
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Aide says Andersen lawyer advised auditor to shred papers
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Delta Air Drops Andersen
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White House Moves to Tighten Scrutiny of Accounting Industry
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Power Utilities:

PG&E files 2nd amended reorganization plan with court
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PG&E Defends Including Windfall in Its Earnings Guidance for 2002
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PG&E offers to keep 60% of its watershed lands
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SoCal Edison Creditor Payments Stuck In CalPX Purgatory
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PG&E execs' rich rewards
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PUC looking at line between rate hike, Nevada Power bankruptcy
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Nevada Power Rejects Suggestion of Bankruptcy
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____________________

Judge puts off decision on IT sale to Shaw
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New Bankruptcy Opinions
(1 new opinion today)

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

Stay in Narco asbestos case extended
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As many as 1 million chickens may be die from company's money woes
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Law Firm Restructuring:

S&C Hopes to Profit From Valley Firms' Problems
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Bay Area Firms Make Fewer Partners
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Despite Recession, Lateral Partner Market Strong in South Florida
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______________________

Banks Win in Tentative Deal with Irvine, Calif.-Based Mortgage Lender, First Alliance
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Steel:

Cleveland-Cliffs to reopen plant it owns with LTV
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National Steel names Kirk Sobecki CFO
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National Steel Corp.'s Bankruptcy Leaves Creditors Scrambling
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Despite bankruptcy, National Steel still interests U.S. Steel

State DEP confronts LTV

New Steel Tariffs Haven't Helped U.S. Companies' Ratings, S&P Says
(WSJ: separate paid subscription required)

A compromise on steel
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St. Louis Steel Company Stays Hopeful after Parent Firm Files for Bankruptcy
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Retaliation warned over U.S. steel tariffs
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__________________

Several buyers eyeing bankrupt Aladdin
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IRS Seeks Tax Cheats Through
Offshore Credit-Card Records
(WSJ: separate paid subscription required)

Bankruptcies of California nursing homes not led to many closures
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Internet shutdowns slowing
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Inter Parfums, Inc. Signs a Letter of Intent to Acquire Certain Assets of Tristar Corporation Out of Bankruptcy
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ViaWest Enters Into Agreement to Acquire Assets of Bankrupt Verado Holdings
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European Executives Begin Disclosing Their Closest Secret: Pay
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Canada:

Country Style restructuring gets nod
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____________________

Japan:

Foreign bank forces Japan bankruptcy
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Sushi Chain Shows Bankruptcy's Not The End
(WSJ: separate paid subscription required)

Another Japanese regional bank goes bankrupt
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____________________

China:

China Intensifies Efforts in Enterprise Merger, Bankruptcy
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____________________

Korea:

New debts plague GM takeover of Daewoo
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_________________

England:

Lenders seek to offload Energis debt at discount
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Clifford Chance Partner In Lap-Dancing Controversy
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_____________________

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