April 1, 2003 

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

         

Law Firms:

Corporate Scorecard: Top Practices in 2002
(DBN Subscription Required)

Clifford Chance Associates to Review Partners
(DBN Subscription Required)

NJ Salaries Near Flat As Firms Pick Up NY Laterals
(DBN Subscription Required)

Law Firm Recruiting Comes Out
(DBN Subscription Required)

Cravaths converts to LLP status
(DBN Subscription Required)

Top Firm Must Return Four Ex-Partners' Capital
(DBN Subscription Required)

11 percent decline in revenue good news for Wilson Sonsini
(DBN Subscription Required)

Solicitor beats law firm after losing baby
(DBN Subscription Required)

Boomtown - The soft real estate market is creating opportunities for D.C.-area law firms
(DBN Subscription Required)

________________

Kmart:

Kmart to cut 660 jobs, most at headquarters
(DBN Subscription Required)

Experts doubt Kmart survival
(DBN Subscription Required)

_____________________

Steel:

Bethlehem says judge sets asset auction process
(DBN Subscription Required)

___________________

HealthSouth ousts chief, fires auditor
(DBN Subscription Required)

Hayes Lemmerz reorg plan may stall
(DBN Subscription Required)

Asbestos:

U.S. Steel Settles Asbestos Case after Illinois Jury Awards $250 Million
(DBN Subscription Required)

Asbestos Driving Rift Between Insurers/Reinsurers
(DBN Subscription Required)

Congoleum Corporation Reaches Agreement in Principle to Settle Asbestos Claims, Announces 2002 Results
(DBN Subscription Required)

2 Large Verdicts in New Asbestos Cases
(NYT: separate free registration required)

Consensus sought on asbestos
(DBN Subscription Required)

_________________________

Hockey:

Melnyk seeks Ottawa Senators
(DBN Subscription Required)

'Multiple bids' for Senators
(DBN Subscription Required)

_______________________

Troubled HomeGold Financial and a subsidiary filed for bankruptcy
(DBN Subscription Required)

Energy:

Deal on debt gives Reliant survival tools
(DBN Subscription Required)

Reliant seals $5.9 bln deal with lenders
(DBN Subscription Required)

What really happened in California is far more complex than simply a bunch of energy traders gaming the market
(DBN Subscription Required)

Dynegy to Sell N. American Communications
(DBN Subscription Required)

________________________

Conseco eliminates 100 jobs
(DBN Subscription Required)

Peregrine:

Peregrine reorg gives equity to holders
(DBN Subscription Required)

Peregrine makes changes to reorganization plan
(DBN Subscription Required)

_______________________

Insilco completes sale of assets
(DBN Subscription Required)

Boots & Coots spurns Checkpoint restructuring plan
(DBN Subscription Required)

  Airlines:

American Airlines' unions OK cuts
(DBN Subscription Required)

On Brink of Bankruptcy Filing, AMR Reaches Deal With Unions
(WSJ: separate paid subscription required)

How American dodged Chapter 11
(DBN Subscription Required)

American sidesteps bankruptcy
(DBN Subscription Required)

Carrier came close to filing
(DBN Subscription Required)

Rank and file: pins, needles
(DBN Subscription Required)

American Eagle Pilots Retain Bankruptcy Attorney
(DBN Subscription Required)

SEC charges airline bidder with fraud
(DBN Subscription Required)

Air Canada stock plunges; 1,300 to be cut from machinists union
(DBN Subscription Required)

No cash parachute for Air Canada
(DBN Subscription Required)

Bailout or bankruptcy?
(DBN Subscription Required)

Bankruptcy's Brutal Cure Reviving Airlines
(DBN Subscription Required)

US Airways Comes Out of Bankruptcy
(DBN Subscription Required)

US Airways In Credit-Card Agreement With Bank Of America
(DBN Subscription Required)

ATSB: US Airways Has Closed On $1 Bln Loan
(DBN Subscription Required)

UAL Seeks To Drop Pilots From Contract Rejection Motion
(DBN Subscription Required)

Four airports agree to grace period on UAL bonds, hearing
(DBN Subscription Required)

SEC sues company for bogus airline buyout offers
(DBN Subscription Required)

Federal Legislators React to Proposed Airline Industry Bailout
(DBN Subscription Required)

Boeing claims Hawaiian CEO took $17 million from airline
(DBN Subscription Required)

Boeing wants trustee for Hawaiian case
(DBN Subscription Required)

Fitch Downgrades Atlas Air, Inc. Debt Ratings to 'D'
(DBN Subscription Required)

America West Airlines' Parent to Restate 2001, 2002 Financial Results
(DBN Subscription Required)

United lays out past pain, future plan, for SEC
(DBN Subscription Required)

United to cut pilots' pay by 30% under proposed deal
(DBN Subscription Required)

Discount tix buyers learn 'no refunds' is plane truth
(DBN Subscription Required)

________________

Judge denies Wherehouse DIP
(DBN Subscription Required)

Accounting:

Auditing firm shelves plan to restructure
(DBN Subscription Required)

____________________

Retail Landlords Teeter on Vacancy Tightrope
(DBN Subscription Required)

Venture Holdings files Ch. 11
(DBN Subscription Required)

Experts Say California Won't Go Bankrupt, but Debt Will Take Toll
(DBN Subscription Required)

Desert Hot Springs bankruptcy reaches pivotal point
(DBN Subscription Required)

Former Great Northern workers to vote on contract
(DBN Subscription Required)

Corporate Reform:

Firms may Expense Spitzer $$
(DBN Subscription Required)

_____________________

SONICblue and D&M Let Deadline Pass In Favor Of Court Auction Process
(DBN Subscription Required)

PGA nears agreement with lenders
(DBN Subscription Required)

 

 

 

New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

Weird News
(DBN Subscription Required)

Spiegel Inc. misses latest filing deadline
(DBN Subscription Required)

Spiegel report delayed by examiner's review
(DBN Subscription Required)

Philip Morris:

Philip Morris faces finance crisis
(DBN Subscription Required)

Altria Verdict Unnerves Market With Possible Bankruptcy Filing
(WSJ: separate paid subscription required)

Tobacco Verdict Hurts Altria Group Shares, Credit Ratings
(DBN Subscription Required)

Bankruptcy fears hit Philip Morris bonds
(DBN Subscription Required)

States line up against smoking case bond
(DBN Subscription Required)

___________________

Dow slips back below 8,000
(DBN Subscription Required)

Enron:

Enron lenders meet to discuss reviving India plant
(DBN Subscription Required)

________________________

Steel:

Beth Steel CEO got no bonus
(DBN Subscription Required)

Feds clear U.S. Steel's proposed buy of National Steel
(DBN Subscription Required)

___________________

Telecoms:

Overstated profits put at $11b by WorldCom
(DBN Subscription Required)

WorldCom Unit, Borrowers Seek To End Credit Line
(DBN Subscription Required)

Worldcom Restates $2b More In Phantom Earnings
(DBN Subscription Required)

WorldCom, AOL Time Warner Reach Deal on Service Contracts
(DBN Subscription Required)

Bank Of NY Sues Asia Global Crossing To Get Access To Funds
(DBN Subscription Required)

________________________

A Homegrown Flock of Vultures
(DBN Subscription Required)

StemCells Auditor Doubts Co Can Remain Going Concern
(WSJ: separate paid subscription required)

After 20 Years and $16,000, A Hospital Debt Is Canceled
(WSJ: separate paid subscription required)

England:

Equitable protected by switch from shares
(DBN Subscription Required)

NTL's financial refit costs £100m in fees
(DBN Subscription Required)

_____________________________

Brazil:

Eletronet files for bankruptcy
(DBN Subscription Required)

_______________________

Germany:

Creditors approve U.S. investor's takeover of assets of Germany's bankrupt KirchMedia
(DBN Subscription Required)

_________________________

Canada:

BTI goes bankrupt
(DBN Subscription Required)

Battery Technologies to seek protection from creditors
(DBN Subscription Required)

_______________________



Please note that the Daily Bankruptcy News is primarily a news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not the Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. 

The DBN subscription fee for access to certain links is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use.

If you received the Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com.

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription
.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $45/year, payable annually.  Volume discounts are available for sites with multiple users.  Complimentary subscriptions are available for full-time  educational and governmental employees. For information about discounts or educational/governmental subscriptions, contact us at admin@bkinformation.com. A separate password is required for each member of a firm wishing access to restricted links. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com