May 8, 2002 

Credit-card firms would like to see bankruptcy slowed
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Jacobson execs in line for $1.2 million
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Accounting:

Andersen dealt setback
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Judge allows SEC evidence on Andersen to be given
(DBN Subscription Required)

Will liability dog Andersen?
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Davis Polk Partner May Testify in Andersen Case
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Prosecutor: Fear at root of Andersen shredding
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Labor Ready replaces Andersen with PricewaterhouseCoopers
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Andersen Lawyer Says Indictment of Firm Is 'Rush to Judgment'
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Andersen fights trial 'ambush'
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Judge may rule on request to gain notes about auditor
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Fear of probe drove Andersen to shred papers, prosecutor says
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Jury set for Andersen trial opening
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Roundtable: Dissecting the Criminal Case
(WSJ: separate paid subscription required)

Law Firms:

Holland & Knight Cuts Salaries
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Clifford Chance Freezes London Billing Rates
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First Salvo Fired at Andersen Trial
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Andersen OK's $217m settlement
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Prosecutors: Andersen Knew of Probe
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Arthur Andersen and 'culture of cover-up'
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(TimesOnline: separate free registration required)

Feds: Andersen took shedding 'window'
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MGM dumps Arthur Andersen; search is on for new accounting firm
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PurchasePro Leaves Andersen, Engages Grant Thornton as Independent Auditors
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ALLTEL Replaces Andersen With PricewaterhouseCoopers
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Polaroid:

One Equity's Polaroid bid approved
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Polaroid Resolves Objections to Bid
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Court Sets Polaroid Sale Hearing for June 28, 2002
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Kmart announces program to help displaced employees find jobs
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Major Virginia Beach, Va., Landowner Files for Bankruptcy
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Economy:

"Uncertain" Growth Prompts Fed to Pass Up Rate Change
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Frequent Fliers Worry They May Lose Miles if Airlines Go Belly Up
(WSJ: separate paid subscription required)

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Bombardier eyeing bankrupt rival's regional jet

Texas Board Approves of $200/Case Fee for Pro Hac Vice Appearances
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Dynegy, WorldCom, Other Borrowers Bury `Triggers' in Agreements
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Telecoms:

U.S. makes case in NextWave dispute
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Telecom restructuring ineffective
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Golden, Colo., Telecommunications Firm Weighs Post-Chapter 11 Odds
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WorldCom Seeks Big Loan
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Power Utilities:

Did Enron leave California in the dark? - Memo indicates questionable practices during crisis
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Dynegy, Traders Fall on Concern Over Market Tampering
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A year after blackouts, California's energy system remains troubled
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Enron memos reignite FERC investigation
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Bush pledges follow-up on Enron's Calif. maneuvers
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Enron power schemes unleash Calif. call for refunds
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California wants protection from Enron-like tactics
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California's Senators Call for Enron Probe Over Energy Crisis
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Enron admits investigation by PUC, fights disclosures
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Was Get Shorty a 1995 John Travolta movie, or an Enron Corp. strategy to rig higher prices out of California's struggling electricity market?
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Enron Memos Prompt Calls for a Wider Investigation
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__________________________

SEC to vote on analysts' rules
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More analyst reforms seen possible, SEC vote nears
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Bad News Fuels Investors' Distrust of Analysts
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Creditors seeking $2.6 million pledged to Ocean Journey
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Steel:

LTV exec to run Cleveland steel mill
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Rating cuts loom for banks, Moody's warns: Research investigations: Debt downgrades to follow criminal indictments
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Survey: Most Americans Cautious About Credit; Not Swayed by Card Rewards
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Bain cleared to buy USi
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PSINet Europe sale US green light
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Printware, Inc. Announces Initial Liquidating Distribution
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 150 Jobs - Last Updated May 8, 2002
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Bankruptcy Court Web/Pacer Site Directory

Casual Male sale approved
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Lawsuit in Orange County, Calif., Alleges DFJ Italia Bankers Abetted Scheme
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Enron:

Senators castigate Enron's directors
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Gain on Enron Pacts Put at $45 Million
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Enron Directors Say Information About the Firm's Woes Was Hidden
(WSJ: separate paid subscription required)

Enron's Board Was Warned in '99 On Accounting
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Enron Lobby Shaped Clinton
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US attorney general urged to probe Enron
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Florida to sue investment manager who put pension funds in Enron
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Florida to Sue Alliance Capital
(WSJ: separate paid subscription required)

Enron Plan to Keep Portland, Ore., Unit Counters Natural Gas Firm's Strategy
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Sheldahl gets interim DIP approval
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Irvine, Calif.-Based Restaurant Firm Files for Bankruptcy
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Canada:

Buyers lined up for General
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Shenandoah solicits takeover offers
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Germany:

Kirch Group pay TV holding company follows core division into bankruptcy
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Commezbank profit more than halves
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Kirch founder to advise in restructuring

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Japan:

NTT DoCoMo braces for loss
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Scotland:

Ministers unveil debt proposals
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Korea:

Hynix Urged to Accept Breakup or Face Bankruptcy
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Hynix gets bankruptcy warning
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Spending binge puts many Koreans on course for bankruptcy
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Argentina:

IMF Awaits Reform of Argentine Bankruptcy Laws
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