September 13, 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

         
Enron:

Enron allowed to vote Portland General stock
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Final decision on fees pending
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Enron gets court approval to restructure Oregon utility
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3 Britons indicted in Enron-related scandal
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Probe of Internet division deepens
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Enron Scandal Not Paying Off For White-Collar Character Actors

Rivals May Join to Acquire Portland, Ore., General Electric
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Judge Rejects Andersen Bid for New Trial
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NewPower Has Until Sept. 20 To Explain Texas Billing Problems
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Bryan Cave tops in bankruptcy fees
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Owens Corning:

Owens Corning Creditors Seek To Recover Asbestos Payments To Claimants and Attorneys During Two Years Before Bankruptcy
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Owens Corning creditors seek to void '97 acquisition
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Bankruptcy Reform:

Abortion Fight Might Scuttle Bankruptcy Bill
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Dr. Death
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Pittsburgh Symphony says bankruptcy an option if funds aren't forthcoming
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Law Firms:

Moving On - Graham James is alive and well two years after being acquired by Squire, Sanders
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Immigration Practices Tangled With Tightening Laws
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Associates' Suit May Settle Fallout
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Taylor Wessing makes 13 assistants redundant
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NY Firm Raids Rival in Paris
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Firm Launches New Practice Area With Hires
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Napster:

Napster's not totally gone -- it still has a shirt
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Private Media Group Announces Offer for Napster Trademark and napster.com URL
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PurchasePro:

PurchasePro packs it in
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PurchasePro files for bankruptcy, settles with SEC
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Auction planned for Telergy assets
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Steel:

Court OKs BirmSteel sale to Nucor
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Salaried workers, retirees get a voice in Steel bankruptcy
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Nucor Wins Approval From Delaware Bankruptcy Court for Purchase Of Assets of Birmingham Steel
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Congress questions paying for steel retirees' health care
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USW rally to protest hiring at Republic
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Textile workers union uneasy as Malden Mills looks abroad
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USW may appeal Kaiser's retention pay plan
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Delaney gets bankruptcy court OK to sell 2 acres to pay debt - Judge's move helps Grapevine vineyard avoid foreclosure
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Bankruptcy trustee for Texfi Industries has until today to submit cleanup plan
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  Bankruptcy experts cash in as more firms falter
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D&O Insurance: Shrinking flak jacket
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Kmart:

Kmart Corp. defends credibility of probe
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Telecoms:

GT Group draws a crowd
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Forstmann's XO out on MAC?
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Adelphia Communications Seeks Restrictions On Shareholder Trades
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Global Crossing Exec Subpoenaed
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FCC considers refunding spectrum down payments
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Teligent Exits Chapter 11 Debt-Free
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Cogent buys pieces of FiberCity
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House Committee to Grill Telecom Executives
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Worldwide Wireless Networks Files Bankruptcy
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A telecom do-over? - Wireless companies might get money back from the government. But that won't solve the sector's woes
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FCC proposal to help wireless auction bidders
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Cash mercy hope for US phone firms
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CIBC Hires Restructuring Banker Steven Strom
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CoServ's creditors approve recovery plan
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Airlines:

UAL Unions Standing Firm On Pay Cuts
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UAL unions draft pay proposals at variance with co's cuts plan
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US Airways mechanics get 2nd shot at givebacks
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Airlines Worldwide Never Recovered
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Economy:

California: The Show Must Go On
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Accounting:

Volcker nixes accounting job
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Accounting enrollment on rise despite streak of corporate scandals
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IBM gains approval for PwC purchase
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Accountants seek lighter penalties for non-execs in failing companies
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Final 4 Accouting Firms Adapt
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Recession Plus PCs Equal More Fraud
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WorldCom:

WorldCom Director Urged to Leave
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Opportunity awaits at WorldCom
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Consolidated Freightways Corporation Receives Notification From Nasdaq of Additional Listing Deficiencies
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Locked Tight In Bankruptcy
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Reorganization plan values Lodgian at $630M
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Austin: Is He or Isn't He Broke?
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Conseco Investors Want Bigger Role in Reorganization
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Jefferson Mills, one of the nation's largest nylon yarn producers, files Ch. 11
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Down On Luck, Some Web Firms Get 2nd Chance
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs - 203 Entries - Last Updated September 9, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Tyco:

Former Tyco executives accused of theft, fraud
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Cult of the CEO takes a hit
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SEC charges Tyco's Kozlowski and two others
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NationsRent Creditors File Reorganization Plan
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Moody's to rate "junk" companies on default risks
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Polaroid:

PBGC takes over Polaroid pensions
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Primary PDC Consents to PBGC's Request to Terminate Polaroid Pension Plan
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PCSupport.com files for bankruptcy protection and ceases operations
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Grand Court Lifestyles Reorganization Plan Gets Court Nod
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Viasystems staff may end up with nothing
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Adelphia:

Court would have blocked Rigas' severance anyway
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Corporate Reform:

Exec comp under fire
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Ethics Going Downhill at Work, Executives Say
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More US bosses could be charged - Indictments against accounting scandal executives will grow, says SEC chief
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Germany:

Babcock chairman ignores court injunction
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France:

MobilCom to File for Insolvency as Partner Pulls Plug
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Bon quits as Telecom dumps German ally
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France Telecom Cuts Lifeline
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'Vivendi leant on auditors'
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Canada:

TK trustee files motion on claims
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Japan:

Japan August Corporate Bankruptcies Rise 2.2% to 1,578 Cases
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India:

Banks, FIs Call For Reform In Bankruptcy Laws
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England:

Cost of US attacks loom over Lloyd's
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Australia:

Companies question crackdown on governance
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Greece:

Greece Will Not Bail Out Struggling Football Clubs
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