April 24, 2003 

American prepared to file bankruptcy if unions reject deals
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$1b loss increases pressure on AMR, bankruptcy possible today
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AMR Board Will Address The Future of CEO Carty
(WSJ: separate paid subscription required)

AMR loss raises concern about cash position
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Bankruptcy beckons for the world's biggest airline
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Midway Airlines Agrees to Pay $1.69 Million in Outstanding Vacation Benefits
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American Faces Possibility of Insolvency
(NYT: separate free registration required)

Conflict haunts airline's future
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Another Case Of Executive Arrogance
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Pilots call for American to replace Carty
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American Airlines pilots may not ratify deal
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American's Woes Soar Higher
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Bethune says Continental leads limping pack
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American's fate hangs with board
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Air-travel slump has costly tally
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Sad reality behind the American (Airlines) way
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Airlines turn to low-cost carriers
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Northwest to cut executive pay, benefits
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Atlantic Coast experiencing turbulence
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Could Bailouts Save the Airlines? Some Investors Say No
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Judge Denies UAL Retired Pilots' Bid To Extend Deadline
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Air Canada set to begin revamp
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Thou Shalt Not Trade: Restrictions on Trading in Bankruptcy
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Blaming economy, competition, Frugal Fannie's founders fold
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Bidders vie for bankrupt Divine
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Bankruptcy Judge Approves Sale of Boutique Hotel in Norfolk, Va.
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Worldwide Medical Gets OK To Sell Assets To Lender
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JPM's liquidation plan approved
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Court OKs Employee Retention Plan For Today's Man
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Conseco Finance Creditors Panel Seeks OK To Sue Conseco
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Allou Board Upset
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Steel:

SEC pushes WHX charges
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Intl Steel Group Says It's Keeping Financing Options Open
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Integrated Health Asks For More Time For Turnaround Plan
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Approve Bankruptcy Overhaul
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Letter from Delaware - Peregrine creditors squawk over fees, asbestos lawyers read between the lines and the SunCruz case drags on
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Asbestos:

National asbestos deal nears
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Kmart:

Kmart heads for uncharted aisle
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Kmart Trust To Handle Claims From Internal Investigation
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Investor leading Kmart revival says company has made right moves to ensure success
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Kmart will need appealing items, low prices
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Kmart Prepares for Comeback
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National chains claim prime stores from Kmart bankruptcy
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Kmart to focus on details
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Enron:

Enron plant in Dabhol mired in arbitration
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Accounting:

Ernst Didn't Find HealthSouth Fraud
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Accountant with 'trustworthy' air admits $8 million scam
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Accounting Panel Faces Options Puzzle
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Accounting Board Requiring Foreign Firms to Register
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Energy:

Trinity seeks financing, sets date to file reorganization plan
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Trinity Energy/Plan: Seeks Partial Term Assignment
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Dynegy pays millions to close out contracts
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Two Cos Join NRG Energy Involuntary Chapter 11 Petition
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FAO:

Toy retailer FAO leaves bankruptcy
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FAO/Ch 11: Original Hldrs Now Have 9.3% Stake
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Hockey:

Golisano takes control of Sabres, announces ticket price cut
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Advanced Glassfiber Gets More Time For Turnaround Plan
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Future of bankrupt N.C. paper mill unclear
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Pushing boundaries of credit research
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Asset Protection Latest Business Targeted
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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DIP Dimensions: Air Canada Corp. - $700 million DIP loan comes with some tough conditions
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Law Firms:

In financial fraud cases, call Keker
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You Are What You Drive
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Dewey Ballantine scores Gibson Dunn insurance litigation head
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Firms Seek DC Mergers
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Steering a Career in the Right Direction
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Japanese firms merge to create Tokyo giant
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Getting Wired Is Part of Research
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Scandals Focus Clients, Firms on Prevention
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SEC Adopts Professional Conduct Standards for Attorneys
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Firms Raise Associate Pay
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Planet Hollywood CEO, Starwood venture to buy bankrupt Aladdin casino
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Data storage business Auspex files for Ch. 11
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WBC seeks bankruptcy protection
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Telecoms:

Global Crossing decision near
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Telecom Equipment Maker Ceases Operation
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WorldCom Officer Pleads Not Guilty
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Corporate Reform:

Protecting Corporate Directors In The Post Sarbanes-Oxley World
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Verizon severance deals curbed
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IRS red flag mars havens' blue skies
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Shareholders Give GE Leeway On Pay Issue
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Fallen banking star arrested
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Quattrone hires top-notch lawyer
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Executives Get Pension Security; Plans for Workers Falter
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England:

The legal profession is too much like a business and solicitors are encroaching on barrister's turf
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Malaysia:

Amendments Being Made To Bankruptcy Act
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Thailand:

Creditors cut off TPI's working capital
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