May 28, 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:

Prior editions available at


How the Trial of Andersen Could Hurt a Fraud Case
(NYT: separate free registration required)

Andersen launches defense of the accountants
(DBN Subscription Required)

Andersen Defense Calls High-Level Exec
(DBN Subscription Required)

Andersen acquittal bid denied
(DBN Subscription Required)

Andersen Attorney Temple Faces Scrutiny Over Document Advice

Prosecutors Describe Enron Evasion

Andersen lawyers deny shredding order


Pittsburgh: Homebuilder charged with stealing transformed by greed

VC firm to buy Gummie Bears maker


United among most ailing

US Airways CEO David Siegel: a man with a plan, personality


Grace bankruptcy funding questioned 


Congress Is A Dud On Enron Remedies

Will PGE rise from Enron's ashes?

U.S. power deregulation stalls in post-Enron world 

White House lawyer tells staff to turn in Enron papers / Counsel may claim executive privilege for some documents



Adelphia Seeking Cable Buyer in L.A. 

Adelphia gave $76.5 million to Sabres 

Adelphia talking to Charter chairman    


Denver aquarium treading water 

Beneath Glitz, Fading Vision?

Gliatech failure scars biotech field

Asbestos lawyers on the march

Debt fears rocking seismic firm

Bankrupt baseball team investor says he'd pay Diamonds ticket holders


Economy Grew Less Than Initially Thought in First Quarter
(NYT: separate free registration required)


Rivals can't stop ANC moves

Bankruptcy Reform:

Snag in Bankruptcy Overhaul



Global Voice buys Metromedia network
(DBN Subscription Required)

Deal to rescue Global Crossing collapses
(DBN Subscription Required)

China Netcom to Make Bid for Asia Global Crossing
(DBN Subscription Required)

Global Crossing Investors Face Fight Over Who Is Lead Plaintiff 

Global Crossing's Revenue Accounting Poses Challenge to SEC
(DBN Subscription Required)

Qwest faces several paths, but each leads down

Motient moves on

Teleglobe Continues Pursuit of Reorganization Alternatives

Teleglobe plans suffer setback 

Worldcom Claim Hinges On Missing Documents 

Global Crossing left stranded

No Surprise as Nextel Unit Lands in Bankruptcy Court


Defunct towers deal raises lender questions

Vivendi May Sell Assets to Avoid Paying Debt Early

Lawsuits, prosecutions take legal matters out of church's hands

Icahn looms over Thermadyne


Dissident investors face big losses on Birmingham Steel

Ex-Erie Forge employees get federal benefits


Nobel Laureate Warns of Further Financial Crisis

Shaw waiting for Beneco

East Europeans Tackle Business Failure


New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 111 Jobs - Last Updated May 20, 2002
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Sharing the songs in their hearts - For bankruptcy professional, music serves as creative outlet


Kmart investors get a voice
(DBN Subscription Required)

$1 billion Kmart loss normal 

'Kmart letter' alleges intentional violations


The soccer family feuds over money

GenSci Announces Delay in Filing Annual Financial Statements 

Power Utilities:

Proposed order makes huge cuts in Nevada utility's rate request


Fifa's day of destiny approaches

Knowledge House: Notice of Default 

Chance Industries emerges from bankruptcy with $4M in new business

Halo to Sell Upshot Agency

Help on the way?


Kvaerner chief corrupt, say Oslo police
(DBN Subscription Required)



BSkyB's demand for cash to force collapse of Kirch

Kirch Group holding company looking at possibility of bankruptcy



Firms are BASted in tough tax law



Business Suicides: Japan's Death Trap 


Please note that the Daily Bankruptcy News is primarily a news link gathering service. This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News.

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at  

Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to  for a list of choices.  Feel free to contact us with any questions.

Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3
9/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to Readers who wish to change their passwords should go to Readers who have forgotten their password should go to

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at