May 23, 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

         
Bankruptcy Reform:

Bankruptcy Reform Bill Stalls Again
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Bankruptcy Reform Snagged
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Lawmakers Can't Agree on Bankruptcy Bill
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Metals USA sells Michigan facility
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Pinnacle topples into bankruptcy
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Adelphia:

Adelphia's Rigases to Cede Board Seats
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Titans Say To Adelphia: Pay or End Stadium Deal
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Adelphia and Rigas Family Continue Their Tug of War
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Analysts Offer Adelphia Advice
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Audit woes hit US cable TV firm
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Adelphia Coliseum name in litigation flux
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Banks rush to transparency
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Telecoms:

Viatel gets court nod for reorganization plan
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Viatel Completes Financial Restructuring
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Global Crossing Negotiations Extended
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Cancellation of PSINet Shares
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Judge OKs ATG bankruptcy plan - Court allows Santa Rosa telecom firm company to sell portion of operations, begin auction
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KPNQwest may seek creditor protection, board resigns
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Hutchison Says Won't Raise Global Crossing Bid
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Flying off the shelf
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Minnesota Brewing outlines reorganization
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Friede Goldman Halter Signs Contract to Sell Halter Marine
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Law Firms:

Long Aldridge Plans June Marriage to D.C.'s McKenna
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Simmons and Watson Farley call off talks
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Law Firms Pay $109M to Settle Capital Consultants Investment Fraud Suits
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State Krishna group files for bankruptcy protection
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Holt Group Seeks Court OK For Employee Retention Payments
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Citigroupís Golden State Acquisition Should Concern Calif. Lenders
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Warnaco Group To Fight Ex-CEO Wachner's Priority Claim
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  Accounting:

Witness says Duncan tried to toss key page
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Andersen Lawyer Focuses on Firm's Surviving Enron Documents
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Halliburton Defends Its Accounting Policy
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Andersen's Forensic Expert Testifies
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Jury Instructions Key in Andersen Case
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Ernst & Young Acquires Andersen Units
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Andersen Compares Document Policy with FBI's
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More Disciplinary Action for Andersen

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Anchorage Aces file for bankruptcy protection

Enron:

Lawyer nominated for Enron post
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Enron comes to Main Street
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Atlanta attorney named to find Enron answers
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White House provides Enron contact data
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Democrats subpoena White House on Enron
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Subpoenaed Enron E-Mails May Cause E-Headaches
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Looking for Answers - Senate panel hits Bush, Cheney with Enron subpoena
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'Vulture' Firms Get Enronitis
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Trustee chooses Enron examiner from crowded field
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Enron barbs fill governors race campaign ads
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Credit Rating Downgrade at Southern Union Could Relate to Enron Fallout
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More and more slime
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Steel:

Republic likes KPS-Hunt bid
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EU seeks ruling that U.S. steel duties are illegal
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Questor to get two-for-one deal
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American Capital Invests $13.7 Million in bankrupt American Decorative Surfaces
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Cleanup of Merrill mess isnít over
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Airlines:

US Air had losses on many routes
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US Airways sees grim cash situation

Congressional Effort to Delay Airline Payments Sparks Fight
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Red Flag - Connecticut suit strikes fear into the hearts of Silicon Valley VCs
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S.F. Solo, Clients Hit With Sanctions For Not Informing Court About Bankruptcy Petition
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 111 Jobs - Last Updated May 20, 2002
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy judge approves Peppermill's purchase of two Wendover casinos
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DIP Dimensions: Polymer Group Inc.
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Power Utilities:

Suppliers deny using Enron tactics - Power firms answer FERC questions
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FERC Widens Enron Probe to Natgas Trades
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Pacific Gas and Electric Company Confirms to FERC: It Did Not Engage in Enron-Like Trading Strategies
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Letter from Delaware: When the emperor has no clothes
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Repossessions Of 13 Homes Stun Officials
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Verado Holdings Wins Confirmation Of Liquidation Plan
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Firms call for better governance
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Court Extends Wheeling-Pittsburgh Ch 11 Plan Exclusivity
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Austin Grilles to buy Prandium
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Waialua Farms files for Chapter 11
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Multiple Wall Street Firms to Face Separate State Probes of Research
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Office landlords take a hit - Fewer leases are being renewed
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England:

Merrill case leaves 'guru analysts' in fear of UK retribution
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UK regulators react to Merrill deal
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Korea:

Gov't promoting rehabilitation scheme for individual debtors
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Japan:

Smiling Japanese carry on keeping up appearances
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Canada:

Publishers fight for General's receivables
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Notice of Default - Knowledge House Inc.
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Sulphur Corporation Gets Stay Extension
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Australia:

Bid to free $40m for malpractice victims as GPs panic
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Pasminco Creditors Will Get Nearly 100% in Equity Swap
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