November 21, 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

         
Cybergenics:

Reversal in Cybergenics case
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3rd Circuit Grants En Banc Review in Cybergenics Case
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Telecoms:

Stibbe and Shearmans combine on 1bn telecoms restructuring
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WorldCom Says Pac Bell Interfering With California State Contract
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Jostling for influence at WorldCom
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What's Mike Thinking? Some figure Michael Capellas is crazy. But he's probably just the guy to run WorldCom
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WorldCom Chairman Mess 'Bigger-Than-Life Soap Opera,'
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Paging Dr. Capellas
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Bankruptcy experts say making a bet on WorldCom's stock is a fool's errand
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WorldCom To Trim At Least 3,000 Jobs
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WorldCom Exec Capellas Faces Crisis
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Giuliani says 'premature' to discuss WorldCom role
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SpectraSite aims for profit in
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Supra Resumes Service For Some Florida Customers
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Asia Global Bankruptcy Could Wipe Out Existing Stock
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Qwest does $13B debt exchange
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Fitch comments on launch of Qwest debt exchange
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S&P cuts Qwest ratings to near default status
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Sedona may call it quits
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Group Makes New Offer for Consolidated Freightways
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Enron:

Enron Asks Court to Bar Dynegy Unit Sales Proceed Transfer
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UBS Closing Trading Floor It Acquired From Enron
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Energy:

R.J. Rudden Financial Forms Energy Workout Group to Address Financial Distress in the Energy Sector
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FERC to allow more evidence in Calif refund demand
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California Supreme Court enters energy deregulation fray
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Pacific Gas and Electric Company Issues Statement on Standard & Poor's Assessment of CPUC Bankruptcy Plan
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A Power Company Tries to Break Loose
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Canadian Utilities Affiliate Looking At Options After TXU News
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UBS to Move U.S. Energy Trading to Stamford, Cut Jobs
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Energy trader ready to pack up, leave
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KPMG and E&Y appointed to revive TXU
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Bankruptcy Calendar: Nov. 2002
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Bankrupt Thermadyne Seeks Buyer
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Asbestos:

Election serves to hasten talks on asbestos claims
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Plaintiffs' lawyers weigh settling asbestos claims
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Asbestos is just one of ABB's ills
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Phony asbestos suits filed by greedy trial lawyers sicken system
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Halliburton, Honeywell moving closer to asbestos settlements
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  Jarden trumps Trump for Diamond
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Letter from Delaware
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Sterling Chemicals Announces Confirmation of Plan of Reorganization
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Airlines:

United Air Machinists Announce Tentative Deal for $1.5 Billion in Concessions
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Ailing United Airlines hopes steep labor concessions will help persuade Washington to help
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US Airways defaults on Logan bonds
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Lincoln Hospital seeks DIP OK
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Law Firms:

Fenwick & West Tells First-Years Not to Show Up
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Ethics Violations: 10 Ways Not to Get Busted
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Lawyer Who Coached Clients To Lie Gets Six Months in Jail
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Cravaths award signals NY bonus cut
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Brobeck Defends Poaching Partners
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Firms Raid Partners To Launch Practice Groups
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First Crop of JDs Awarded by Online Law School
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Debevoise Rejects European Merger
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Voicemail: The Latest Front in the E-Discovery Wars
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New Jones Day chief swears he's committed to Cleveland
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Pupillages to plunge by 100 plus as minimum wage bites
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Growth rate of US firms halved in past year
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Russell Jones makes 40 redundant
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Gibson Dunn Names Eight Associates as New Partners
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Could Napster Rise From The Ashes In Wireless?
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Immune Response Warns of Possible Bankruptcy
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Bankruptcy judge grants extension to Farmland Industries
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Bankruptcy court asked to approve deal to resume production of Apligraf
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Putter Maker Goes to Court to Reorganize
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Sunbeam:

Sunbeam reveals plan for leaving bankruptcy
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Bondholders unhappy with Sunbeam plan
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Peregrine Systems Completes Sale of Remedy Business Unit to BMC
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Organogenesis asks court to OK Novartis settlement
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No plan to restart NW smelters soon -Kaiser Aluminum
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XeTel sale to be considered next week
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Kmart affirms more store closings
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Accounting:

Bill padding row reaches accountants
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Damaged Perception of Accounting Profession Not Likely to Change
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'Accountants verge on brink of illegality'
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Pitt Wants Special Audits to Find Fraud
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To avoid another Arthur Andersen, 'Act now to limit auditor liability'
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Shuttered convenience stores to go up for sale
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 253 Jobs - Last Updated November 19, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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DIP Dimensions Mobile Tool International Inc.
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Bankruptcy Reform:

How a bankruptcy bill goes bust
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Another bankruptcy round for Senate Republicans?
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Pro-choice and no choice
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Farmers Bankruptcy Bill Approved
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Bankruptcy Reform On Agenda For New Congress, But Doubts Remain Over Resolving Impasse
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Abortion politics scuttles needed reform
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KKR's Evenflo to restructure
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National Century:

National Century's Fast Cash Lured Ailing Clients
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Fallout Spreads After Collapse of a Health Services Lender
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NCFE Woes Are Longstanding
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Documents Accuse National Century
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Tracing National Century Woes
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Drs Community HealthCare Announces Bankruptcy Filing
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Hospital files for bankruptcy
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Michael Reese Medical center, parent file for bankruptcy protection
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National Century fall hits creditors
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Companies that have filed for bankruptcy because of the problems of National Century
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Trickery alleged in medical bonds
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Conseco policies won't be at risk
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As Tokhein prepares to file bankruptcy, Texas rival eyes purchase
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Corporate Reform:

Scandals Humble CEOs
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L&H Seeks Bankruptcy Court OK To Settle SEC Fraud Suit
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Australia:

New Insolvencies
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Accountant vague on ex-HIH chief's brief
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England:

Alcatel tips Interoute into receivership
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Glimmers of light in US economy not reflected in UK
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Bar Council rejects student loan levy on wealthy barristers
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Argentina:

Argentina Faces Bankruptcy
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Canada:

Ottawa, Anglican Church to Share Abuse Claims Cost
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Japan:

Falling bank stocks, market gloom feed on each other
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Japanese banks face profit struggle as reforms set in
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