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: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Accounting:

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

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Pittsburgh: Homebuilder charged with stealing transformed by greed

VC firm to buy Gummie Bears maker

Airlines:

United among most ailing

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

__________________

Grace bankruptcy funding questioned 

Enron:

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:

Adelphia Seeking Cable Buyer in L.A. 

Adelphia gave $76.5 million to Sabres 

Adelphia talking to Charter chairman    

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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:

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

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Rivals can't stop ANC moves

Bankruptcy Reform:

Snag in Bankruptcy Overhaul

______________________

Telecoms:

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

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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

Steel:

Dissident investors face big losses on Birmingham Steel

Ex-Erie Forge employees get federal benefits

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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:

Kmart investors get a voice
(DBN Subscription Required)

$1 billion Kmart loss normal 

'Kmart letter' alleges intentional violations

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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

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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?

Norway:

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

___________________

Germany:

BSkyB's demand for cash to force collapse of Kirch

Kirch Group holding company looking at possibility of bankruptcy

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Australia:

Firms are BASted in tough tax law

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Japan:

Business Suicides: Japan's Death Trap 

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