September 25, 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

         
Energy:

Judge grants time to CalPX dissenter
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Merrill sues Allegheny Energy over failed energy trading deal
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Dynegy says employees gave inaccurate trade info
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Peregrine Court Hearing Over $60 Million DIP Loan Continued
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Telecoms:

Telcos Pressured to Meet Wall Street Targets
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Velocita plans fiber auction
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Staff at fallen firms 'come clean'
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Qwest: Swaps Done with Andersen's Guidance
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Communications Dynamics bankrupt
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Icahn, Forstmann hold talks to try to end XO dispute
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Communication Dynamics files Chapt. 11 bankruptcy
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Salomon Smith Barney's E-mails Reveal Private Winstar Concerns
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Former Global Crossing Executive Claims CEO Misled Analysts
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Qwest punished Morgan analysts
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At Home bondholders sue
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Sealed Air Trial Postponed
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San Jose Symphony is considering filing for Chapter 7 bankruptcy instead of Chapter 11
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Enron:

Dresdner sues Enron partnership
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Examiner can subpoena bankers
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Indictment of former Enron CFO expected soon
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Auctioneer cashing in on Enron's wreckage
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Enron seeking 15 executives at $864,000/year/executive
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Kirk, Cornyn exchange barbs over Enron
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LJM2 May File Bankruptcy Following Dresdner Bank Suit
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Dallas Shoes to close all stores
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Economy:

Consumer Confidence Falls For Fourth Straight Month
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Raw materials producers offer grim view of recovery
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Akibia Buys Assets From Bankrupt Intereliant
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WorldCom:

Former UK Sales Manager Sues Worldcom
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Bilked Texas bank goes after businessman
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20% Of Recently Funded Startup Companies Have Failed
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  Bankruptcy Reform:

GOPers paying price for opposing bankruptcy bill
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US Lawmaker Asks Credit Unions To Push Bankruptcy Bill
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Failed deals crippled Peregrine
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Accounting:

Sex, drugs and generally accepted accounting principles?
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Contributions to accounting group's PAC are down CPAs unhappy with PAC
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Corporate scandals give accountants new cachet
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Big 4 Poised to Wield Influence at the Ballot Box
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IRS to Impose User Fee for Offers in Compromise
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Deloitte's Chief to Step Down Next Spring
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Xerox Could Face Criminal Charges
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Kroll Expands Forensic Accounting Unit
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Law Firms:

Piper to acquire Verner law firm - It will add 80 lawyers in deal that goes into effect Oct. 1
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Jones Day to open office in Munich
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Asbestos:

Asbestos Suits Plague 85% of U.S.
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Senate Judiciary Panel to Hear Problems Caused by Asbestos Litigation
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For Asbestos Victims, Compensation Remains Elusive
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Kmart Gets Court OK To Assume Thalia Licensing Deal
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Looser Rein Given to Lawyers Who May Be Witnesses
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NSC files voluntary Ch. 11
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Exide Technologies' DIP Facility Rated ``BBB+'' by Fitch
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Tyco:

A Closer Look At Tyco General Counsel: Mark A. Belnick
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Tyco Took Profit on Bad Deal, Then Paid Bonuses to Executives
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BPA to seek damages on Kaiser contract rejection
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Adelphia:

Adelphia founder maintains his innocence
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`Facade of false success' alleged in Adelphia indictments
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Adelphia spared from charges
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Lincoln's All-American Snacks files for Chapter 11
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Sunrise Technologies International, Inc. Files Chapter 7 Bankruptcy
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Nutritional Sourcing shifts bankruptcy
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New Bankruptcy Opinions
(2  new opinions today)

Bankruptcy Jobs - 214 Jobs - Last Updated September 23, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Jones Day May Be Disqualified From Bankruptcy Case - Federal court raises conflict of interest issues
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Pinnacle banks to vote on plan
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Airlines:

Continental CEO predicts bankruptcies
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Lawmakers: Airline bailout won't fly
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US lawmakers crafting aid bill after airline pleas
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S&P's Baggaley tells Congress United Airlines, likely to file for bankruptcy
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Large troubled airlines safer bet than small ones
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Airlines Fear Collapse Without More Help
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Swissair's bankruptcy could have been averted
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Legislators Lend Ears, Not Funds To Airlines Seeking Financial Aid
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New Fare Policies Are Making Life Tough for Air Commuters
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St. Peters, Mo.-Based Computer-Electronics Firm Calls Bankruptcy Report False
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PowerBrief reorg plan confirmed
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Judge OKs second auction in Farmland bankruptcy
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Steel:

Geneva: Secured Lenders Agree to Continued Access
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Bankruptcy Court Lets Charlotte, N.C., Firm Sell Kansas City, Mo., Assets
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Court overturns verdict to Calumet Farm owner
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Lenders Will Work To Avoid Foreclosure
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Losing Focus
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Corporate Reform:

Knives are out for corporate America's most greedy (well, until the next boom)
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Fraud Made Easy
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Australia:

Bankruptcy law review welcomed
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England:

Watford face bankruptcy
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Watford Seeks 9.5 Million Pounds to Avoid Bankruptcy
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Penton International UK units placed under receivership
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The right balance on bankruptcy
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SMEs in rush to insure against bad debts
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