October 1, 2002 

Agway, Inc. Intends to File for Chapter 11 Reorganization to Restructure Finances and Reduce Debt
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Creditors Panel Tries To Stop Bertelsmann Napster Claims
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Fighting force - The Man Who Held NTL's Legal Department Together Through Chapter 11 Bankruptcy
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Enron:

Enron legal, bankruptcy fees expected to top $300 million
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Secret Deal Part of Tangle in Enron Case
(NYT: separate free registration required)

Did Enron trading ploys cross line?
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Deal with Enron sought by founder of Global Crossing
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Ex-Enron CFO seen facing SEC, criminal charges
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Roles of Enron executives revisited - Questionable transactions may go back farther than thought
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Hines backs out of Enron tower bidding
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Subsidiary of President Casinos, Inc. to Emerge From Bankruptcy
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Economy:

Dow posts worst month in 4 years
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West Coast ports lockout has immediate impact
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Recession panel sees double-dip risk
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Airlines:

United Airlines Mum on Unions' Plan
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United's CEO Will Meet With Unions This Week
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UAL suspends stock dividend, delays interest payment
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Vanguard Airlines Faces Deadline
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House prepares airline relief bill
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Another Airline Bailout?
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Corporate Reform:

California gets tougher corporate accountability laws
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I Told You So - To controversial securities litigator Bill Lerach, the current wave of corporate fraud scandals was both inevitable and preventable
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How the Corporate Landscape Is Changing
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The Enforcer - Forget the perp walks. What he wants is change--top to bottom
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Hall of Shame
(Business Week: separate paid subscription required)

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Bankruptcy lawyer used Christian Law Center to prey on vulnerable, judge says
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Make Them an Offer They Can't Refuse
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Deals Have Car Buyers Swamped in Debt
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Bankrupt Garden Way Faces Its Final Days
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Galey & Lord Amends DIP Bankruptcy Financing Agreement
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Rural/Metro reaches deal with lenders
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Desperate San Diego Biotechnology Firm Borrowed $3 Million at 100 Percent Interest
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Guilford Mills to Offer Stock for One Penny a Share
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Pressures on Financial Planning Practices Dragging Down Profits
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The Housing Boom’s Dark Side
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Judge overturns ruling over Beatle's refused deposition in bankruptcy case
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US Supreme Court Nears Term Full Of Business Cases
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Bankruptcy Reform:

Bankruptcy And Abortion
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Little support for G-7's debt default plan
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Solution sought for bankrupt countries
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With Much Undone, Including Bankruptcy Reform, Congress Starts to Eye Exit
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Lobby Groups Push Hard On Bankruptcy Bill
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Personal Bankruptcy: Beware the Next Chapter
(Business Week: separate paid subscription required)

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Law Firms:

Lange Simpson in major merger
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Lange Simpson to Merge with Adams and Reese Will Create Largest Law Firm in Three State Region

Capital call pinches partners' pockets
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Law firms face rough financial outlook
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Inside the Associate Mind
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Lessons From 10 Firms
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Nixon Peabody Doubles Its Institutional Money Management Group With Attorneys From Peabody & Arnold
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Two Firms Rated Best for Working Moms
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Cadwalader's Litigation Department Adds New Partners
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Law Firm Signs Big New York Lease
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Kramer Levin Naftalis & Frankel LLP and Berwin Leighton Paisner announce transatlantic alliance
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The fact that one of the strongest firms in the AmLaw 200 has done a transatlantic deal will really get Wall Street talking
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Provost & Umphrey Pulls Appeal After Harsh 5th Circuit Memo
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Telecoms:

New York AG sues five telecom execs over IPO profits
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Spitzer acts to claw back executives' IPO profits
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Suit Versus Telecom Chiefs Might Lead To Claims Against Grubman
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Tech Telephone's assets get no takers at bankruptcy hearing
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Judge OKs Williams Communications reorg
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Winnick Was Told Of Telecom Risks
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Qwest boss agreed to take blame for deals
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Global Crossing Chairman to Testify
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When Will the Telecom Depression End?
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Birch Telecom Emerges From Bankruptcy
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Court Approves Procedures For Metromedia Asset Sale
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Documents reveal role of Global Crossing boss
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Fidelity slashing 1,695 workers
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Fed ponders 'off-balance-sheet' rule
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Consolidated Freightways Delivers Majority of Stranded Goods
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New Bankruptcy Opinions
(No  new opinions today)

Bankruptcy Jobs - 207 Jobs - Last Updated September 30, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Ackerly Polymer examiner
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Chapter 11 Creditors Can't Sue for Avoidance of Fraudulent Transfers - The Opinion
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Mars wins concessions for relief in Chapter 11
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UPC:

Malone gains as UPC files Ch. 11
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UPC to file for bankruptcy protection
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Adelphia:

Century/ML Cable Venture Files Petition For Chapter 11 Reorganization
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Bankruptcy by adviser leaves investors angry
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Kmart:

Kmart CFO defies doom and gloom
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Role Models seeks to drop bankruptcy
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Accounting:

FASB Resolves to Reform Rules on Off-Book Deals
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PricewaterhouseCoopers in Tyco Spotlight
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The Never-ending Audit - Can software prevent future Enrons?
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FASB Continues Preliminary Discussions in Advance of September 30 Roundtable on SPE Consolidation
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State bankruptcy record teeters
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Indicted mayor files for bankruptcy
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Insurers Have Big Reserve Shortfalls
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Israel:

Debtors face jail terms under proposed bill
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India:

Eunuchs turn prejudice into cash
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England:

British businesses bankruptcy increases sharply
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Insolvencies on the up
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Bondholders set to control Telewest
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Malone also faces Telewest loss
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_________________

Mexico:

Banks want Altos Hornos bankruptcy
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AHMSA does not fear legal complaints presented by banks
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In Mexico 80 companies face bankruptcy
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Holland:

Skadden rescues Completel from debt - US-style restructuring used on Dutch company
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