October 16, 2002 

Bankruptcy Reform:

Bankruptcy reform struggling five years on
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Clark Retail:

Gas station operator Clark files for Chapter 11
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Clark Retail Files for Bankruptcy
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Apollo offers Clark Retail lifeline
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Clark Retail Receives Approval of First-Day Orders
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Ames Department Stores Gets Interim Borrowing Authority
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Airlines:

United seems headed for bankruptcy
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Investor Continues to Buy Shares of UAL Corp., while Others Throw in Towel
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TPG lands one bankrupt airline deal
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Competitors turn up heat on US Airways
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US Airways ratings remain on CreditWatch with developing implications - S&P
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Airlines expected to get hit hard again in quarter
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Delta says more job cuts needed after reporting loss of $326 million
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Treasury's secretary favors financial support for airlines
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Bankrupt airline employees block street in protest
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Doctors at Aliquippa Community Hospital are asking a bankruptcy judge to remove the hospital's chief executive officer, chief financial officer and most of its board of directors
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Telecoms:

Houston Buyer Completes Logix Communications Deal, Plans Growth
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Houston company buys Logix
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President of SBC Communications Speaks Out Against 'Unreasonable' Regulations
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AT&T Canada reaches reorg pact
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AT&T Asks FCC to End Network Fees
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AT&T Canada seeks creditor protection as its reaches deal with bondholders
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Williams Communications exits Ch. 11
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Head of Williams Communications Group Resigns
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Detroit is key to comeback for Global Crossing
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Asia Global Crossing Reports Second and Third Quarter Preliminary Results
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High-Tech Bust Changes Jobs, Lives of Dallas-Area Telecommunications Workers
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GenTek Wins Emergency Authority To Tap Cash Collateral
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Texan's Offer for Consolidated Freightways May Restore Jobs
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Prime eyes bankrupt company’s truck fleet
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Two Charged With Bilking Adelphia
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Kmart:

Kmart Corp. Tests a Revamped Logo
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Insurer Must Defend Against Breach Of Fiduciary Duty Claims
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J.P. Morgan Chase job cuts may be larger than expected
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Hyatt casino misses payment - Black Hawk owners talk with creditors
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House of Steno's Arnold can't have computer in jail, judge rules
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Peregrine faces complaints
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WorldCom:

Judge OKs WorldCom $1.1B DIP
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WorldCom gets OK for borrowing
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Judge, Creditors and Directors, Among Others, Run WorldCom
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Major Church Group Calls on FCC to Block Transfer of WorldCom Licenses for Long Distance, Web Services
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Customers Consider Leaving WorldCom for Safer Service
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Soliciting a Reorganization Plan: What Are the Boundaries of "Good Faith" Solicitation?
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President Casino:

President Casinos files overhaul plan
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Casino's bankruptcy move argued - Judge may rule by Thursday
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Corporate Reform:

CFOs under pressure to 'tell all'
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Former SEC head: Lawyers should question accounting moves
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Ex-Tyco legal head faces fraud charge
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Oxymoron 101
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Report Says Brokers Are Often Unreliable
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Insurance Industry's Enron, WorldCom Losses Lead to Rate Hikes; 10 Insurers Lost $274 Million on Big 5 Corporate Frauds
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Steel:

Maverick Tube Corporation Announces Purchase of LTV Tubular Division Assets
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Special Metals to lay off 12% of salaried employees
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Clark Retail Receives Approval of First-Day Orders
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Citi, Bank Of America Profits Rise
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Unhappy Returns at Europe's Banks
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Venus Exploration Creditors File Petition for Bankruptcy In ED TX
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Matlack Seeks to Transfer from Chap 11 to Chap 7
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Creditors Forcing Colorado Financial Adviser into Involuntary Bankruptcy
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Conseco: Endgame
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Brokerage Continued to Recommend Polymer As It Slid Toward Bankruptcy
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Swifty Serve Promises Workers Final Paycheck
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Doctors, hospitals taking bigger hit from HPR failure - HMO plans to pay 23-37 cents for every dollar it owes
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Energy:

Creditors File Confirmed CalPX Chapter 11 Plan at FERC
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TXU Europe misses payment
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TXU Corp. Reports Status of Beleaguered European Unit
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Power to the People
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Atlantic Express Gets DIP; Appeal Likely From Creditors
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County to pay for bankruptcy incident
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Shareholders of Exodus Sue Merrill
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 240 Jobs - Last Updated October 14, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Advanced Lighting raises loss estimate
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K-Mart Banking On Holidays
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Key Plastics Gets Back on Track after Reorganizing
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Accounting:

Pa. sues accounting firm over Reliance failure
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Andersen, or what's left, to learn its penalty today
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Divorce Case Provides a Peak into E&Y Finances
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Arthur Andersen to Be Sentenced Today
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Former Execs File Lawsuits Over Accounting Disputes
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Ernst & Young fails to stop probe into Equitable audits
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The joy of SOX
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New Fraud Audit Standard Approved by Auditing Standards Board
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Ernst & Young chief has some explaining to do
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Additional Aspects of Sarbanes-Oxley Act Explained
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Law Firms:

"Rat Killer": Texas Lawyer Announces Go-To Guide, A New Listing of State's Top Lawyers In Practice Areas
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Hodgson Russ is winning bidder for Guaranty Building
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Reed Smith, Crosby Heafey Executive Panels OK Mega-Merger
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Out-of-State Firms Keep On Nibbling in New Jersey
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Southern Firms Merge
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During the 2001 financial year, US firms’ London offices outpaced their UK rivals for the first time
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Ball leaves Gibson Dunn for Kroll
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Tate departs Brobeck for Hunton & Williams
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Enron:

Going over the top - Enron generates assault on special purpose vehicles
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Enron wants documents sealed
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Enron remains an emblem of greed
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Enron's reign of terror lives on
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Biglaw Firms Fight To Limit Enron Discovery
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CIBC, Enron had many dealings
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England:

Liquidations hit the economy of large cities as London holds strong
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Man behind 'Madchester' fights taxman after £50,000 bankruptcy case
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Japan:

9,642 firms collapse in first half
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Canada:

CPO files for bankruptcy
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