September 4, 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

         
Napster:

Judge Blocks Sale of Napster
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Napster Plug Pulled As Judge Blocks Bid
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Napster faces end of the road
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Consolidated Freightways:

Consolidated Freightways closes operations in U.S.
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ConFreight shuts down
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Consolidated Freight Holders: Won't Satisfy Creditors' Claims
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Consolidated's Customers Wonder: What Next?
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Former Consolidated Freightways Drivers Feel Betrayed by Holiday Shutdown
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Consolidated's Swoon Isn't Likely To Slow Down the Trucking Sector
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Big shutdown is a low
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CF AirFreight continues operating
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Consolidated Freightways Stockholders Unlikely to Receive Value for Stock
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Workers are stunned as trucking firm closes
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Consolidated Freightways Announces Closing to Employees by Voicemail
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Consolidated Freightways drops out of convoy
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Hauler's Demise Buoys Rivals
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Trucking shutdown hits workers, shippers
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Trucking Firm Bankrupt
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Union Might Sue Concerning Consolidated Freightways' Layoffs
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Consolidated Freightways layoffs hit Carolinas
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CNF Inc. Not Affected by Consolidated Freightways Corp. Bankruptcy Announcement
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Void Left by Consolidated Freightways Is Tricky
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Consolidated Freightways Stockholders Unlikely to Receive Value for Stock
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Accounting:

The Sarbanes-Oxley Act of 2002
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Ties to Enron Blinded Andersen
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Civil War at Andersen: Consulting Conquers; Traditions and Standards Wither
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Repeat Offender' Andersen Gets Stiff Justice
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Andersen alive, but no meat left on bones
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IBM expected to slash 4,000 jobs - Layoffs follow acquisition of Pricewaterhouse consulting
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Pedaling Downhill - For some companies, the worst way to handle a downturn is to slam on the brakes
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Farmland to restructure fertilizer making assets
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Company Said to Seek Chief to Succeed Martha Stewart
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Senators Examine Company Lawsuit Write-Offs
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  WorldCom:

Is WorldCom beyond repair?
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Internal E-Mails Show WorldCom Officials Tried to Hide Worsening Finances
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Rising doubt over man at the helm of WorldCom
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WorldCom Accounting E-Mail Released
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Plea Talks Go On for WorldCom Executive
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Grubman Tipped WorldCom Execs on Rating Move
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Fix-it pros are in demand: Restructuring is its own industry
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Airlines:

UAL Ready For Takeoff?: A Look At Outsider Airline Executives
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Airlines 'Nickel-and-Dime' Fliers, Now That Gouging Won't Work
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UAL Still May Be Chapter 11-Bound

National Airlines, in Chapter 11, Temporarily Halts Some Flights
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Hooters continues to eye airline
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New UAL chief needs to act fast
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SAirGroup's U.S. Finance Unit Files for Bankruptcy Protection
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Airline industry waits for takeoff
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New UAL CEO Faces Chapter 11 Prospects
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UAL's New Chief Calls For Unity
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Pilots, Midway Reach Tentative Deal
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US delays air traffic upturn
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Farmland Seeks to Restructure Fertilizer Assets
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Telecoms:

McCaw Hedging His Nextel Bets
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SBC Fights Williams Communications on Ruling
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360networks reorg dealt setback
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Level 3 goes shopping
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Telewest to shed 1,000 jobs and cut spending
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Federal Pension Officials Take Control of Anchor Glass Plan
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Economy:

Stocks battered by weak data - Dow industrials nosedive 355, Nasdaq composite slides 51
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Job-cut plans rise in August
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Appeals Court Upholds Ruling in Sex.com Case
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Reinsurance companies - Drowning in their own red ink
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FTI Consulting Completes Acquisition of U.S. Business Recovery Services
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Court gives Kasper more time to file plan
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Trial lawyers setting eyes on retired investors' losses
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs - 202 Jobs - Last Updated Septemeber 3, 2002
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Energy:

Ruling Shifts Power in PG&E Bankruptcy Case
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Utility, energy trader credit woes to worsen-S&P
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Dynegy Operating Chief Says Ties With ChevronTexaco A Little 'Strained'
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Williams Loan Terms Still Enrage Critics
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Power trader cooperates with federal probe of bogus trades
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Rabobank CEO quits amid internal dispute
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Law Firms:

Citigroup's Biglaw Pow Wow
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Partner Defections Continue to Plague NY Firm
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Chadbourne & Parke LLP Opens Houston Office with Focus on Energy Practice
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Lawyers Who Took On Boies Schiller Denied Full Fees
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Summer's Over and Partners are Moving to Greener Pastures
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Big Redo Did In Moe Ginsburg
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Citigroup shares routed on risk fears
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Enron:

Lawyers for Enron's Lay Fear Asset Freeze
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Marathon Oil buys Enron's Georgia delivery rights for $31.9 million
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Mining for deals? Check the basement
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Corporate Reform:

In Corporate America It's Cleanup Time
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Halliburton Sees Asbestos Exposure at $600 Million Through 2015
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Germany:

Schroeder pledges change in German bankruptcy law after floods
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India:

Bankrupt abductors lose nerve, free kids without taking ransom
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Poland:

Elektrim Bondholders Reject Call to Reopen Debt Talks
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Korea:

Most Daewoo Suppliers to End Boycott
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Canada:

The rise and fall of banker Nick Lysyk
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