April 11, 2003 

Kmart ordered to retrieve $367M
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Kmart vendor payments blasted
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Kmart shutters all Alaska stores Sunday
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Bankruptcies help keep profits up at US law firms
(DBN Subscription Required)

HealthSouth:

HealthSouth executives feared jail, tape reveals
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HealthSouth Corp. Feels Fallout from Corporate Scandal
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At HealthSouth, Directors Had Some Lucrative Links
(WSJ: separate paid subscription required)

HealthSouth CEO: 'Do we really want to trash this?'
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HealthSouth enters forbearance pact with lenders
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HealthSouth has industry on edge
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Salon Owners Try to Buy Bankrupt Fantastic Sams Subsidiary in California
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Law Firms:

The Last Days of Brobeck
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Where Brobeck's Partners Went
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Who Got Left Behind to Clean Up the Mess
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A Thing for Ming
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There's More to Marketing Than Money
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Weil Gotshal Associates Sign Up for a Year in Japan
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Jones Day Gouldens lures SJ Berwin's Plainer for restructuring top spot
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Preston Gates calls off merger talks
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Littler Mendelson opens in Miami
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Corporate Reform:

The ex-bosses fight back
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Top executives 'still overpaid' despite criticism
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Corporate scandals inspire Texas fraud bill
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Telecoms:

Cerberus mulls Global Crossing bid
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Ailing WorldCom to rename itself MCI next week, a source says
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Hutchison faces skeptical Congress
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Florida Investor May Use Clout to Influence Ailing Telecom Firm Touch America
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WorldCom Seen Emerging with Slim Debt Load
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Ebbers invested in WorldCom after ouster
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Carolina owes some investors $1 million or more
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No Longer Avoiding Bill Collectors
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Steel:

AK Steel says it still hopes to buy National Steel
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National Steel Receives Bids for Assets
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National Steel bidding heats up - U.S. Steel makes another offer
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Chattanooga, Tenn., Attorney Inducted in American College of Bankruptcy
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Chief executives are more worried about the economy than they were six months ago
(WSJ: separate paid subscription required)

Hyatt gets paid to not run bankrupt casino
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CEO says American could face Chapter 11 despite givebacks
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Relief urged for Canadian air industry
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Onex eyes Air Canada assets
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Rivals may bid for CIBC Aeroplan
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Continental's Bethune apologizes for calling United "HIV positive"
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American unions still bargaining
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AMR Transport Workers Union: Voting Should Resume Tonight
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American Airlines chief gets skeptical reception from workers
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AMR Pilots on Military Duty Can't Vote on Labor Pact
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American Air Warns of Bankruptcy Risks
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Boeing to take $1 billion charge
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Outsourcing central as United, mechanics talk
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Unions say members want improvement in deals with American
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Concorde a casualty of business travel trend
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U.S. near $3 bil airline rescue
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`Zigzags' on policy hurt airlines, economist says
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Anger may derail American offer
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Moody's downgrades Continental's debt rating
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With Airlines Cutting Service We Ask: Where Did Flights Go?
(WSJ: separate paid subscription required)

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Bankruptcy Reform:

Bankruptcy Reform Clears First Hurdle, But Challenges Remain
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A bankruptcy court without credit
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US forces IMF to shelve debt default scheme
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Treasury's Snow-IMF debt plan no longer feasible
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Philip Morris:

Illinois Setback for Philip Morris
(NYT: separate free registration required)

'Appeal Bond Waiver' Legislation Gains Wide Support in the States
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Hockey:

NHL approves Sabres' sale
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Allied Devices Close To Halting Operations
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Energy:

Consumer group touts PG&E plan
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Bottom fisher
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No Decision After Hearing On NRG Chapter 11 Dismissal
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Investment fund ready to acquire insolvent NRG
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PG&E execs awarded big bonuses - Bankrupt utility says $17.5 million payouts needed to keep top talent
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County joins fight against public ownership of PGE
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Allou:

Allou makes voluntary Chapter 11 filing
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Turnaround Specialist in Charge at Allou
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Former Paducah, Ky., Nursing-Home Chief Agrees to Meet with Bankruptcy Trustee
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs 871 Jobs - Last Updated February 3, 2003
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Bankruptcy Court Web/Pacer Site Directory

Weird News
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Enron:

A lawyer's OK can let client avoid charges
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Foes square off anew
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Vanguard files lawsuit over Enron scandal
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Ties that bind - Now that the Delaware Supreme Court has dealt a blow to merger lockups, dealmakers will be scrambling for new deal-protection tools
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Massachusetts Jobless Insurance Trust Fund Teetering on the Brink of Insolvency - May Need Federal Help
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Key3Media reaches deal with creditors
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Britney's restaurant bankruptcy leaves creditors steamed
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Judge Threatens to Have Federal Trustee Oversee Divine Inc.'s Reorganization
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Doctors warn of risk if bankrupt DC hospital closes
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Retailing:

March Retail Sales Dip Amid Job, War Woes
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Job market is leaving grads with that empty feeling
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Magellan Health Seeks Court Approval To Sell Hospital
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Asbestos:

Asbestos Exposure Cases Draw Big Awards
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Former Attorney General Griffin B. Bell to Deliver Speech on the Impact of Asbestos Litigation on Bankruptcy Law
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Babcock & Wilcox To Alter Chapter 11 Disclosure Statement
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FunQuest owner suing town
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HQ Global Holdings Gets Court OK To Extend DIP Loan
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Floridino's Italian Eatery Chain Files for Bankruptcy Protection
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Great Northern buyer unveils plan
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Hawaii: Palama Meat bankrupt
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England:

Lloyd's takes reinsurers to arbitration
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Canada:

Hollinger Inc. Stock Falls on Warning
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__________________

Iraq:

Iraqis face $383bn debt - Creditors and claimants will be the losers
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South Africa:

CNA creditors want dispute resolved
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Germany:

Grundig on the brink
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Grundig headed for bankruptcy
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Korea:

Hana Bank tries to hold off SK Global foreign lenders
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Lenders fall out over Korean scandal
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