April 25, 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

         
Asbestos:

Asbestos Negotiations Focus on Trust Fund
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ABB asbestos plan delayed by court review
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A Debut And An Agenda
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Asbestos talks make progress
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Agreement is near on fund that would end asbestos suits
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Asbestos Talks Between Unions, Cos Stuck On Money Maters
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HomeGold:

HomeGold creditors to meet today
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From Gravesites To Death's Door: Carolina Investors' Rise And Fall
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Directors & Officers Liability Insurance Premiums Skyrocket As Shareholder Claims Increase, According to Tillinghast Study
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Avatex Corp Completes Liquidation In Ch 11 Bankruptcy
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Fountain View disclosure statement OK'd
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Enron:

Only two let out of Enron lawsuit
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Watchdog seeks data on suicide of ex-Enron exec
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Bankrupt Allou Cops To Errors, Fires Execs
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Adelphia Wants Approval to Pay Ex - Exec
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Tobacco:

Plaintiffs lawyer asks judge to raise Philip Morris' bond
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Smokers Seek Protection In Case Of Philip Morris Default
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Altria chief tells shareholders ``worst is behind' Philip Morris
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Corporate Reform:

Supervision of companies at issue in probe by SEC
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Crimebusters - Go After The Little Guys
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Antex Biologics Seeks Court OK For Asset Sale Procedures
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Retailers, Credit-Card Issuers To Battle in U.S. District Court - Lawsuit Over Debit Cards May Affect Nation's Banks
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Investors in bankrupt worm farm left with barns full of worms , ' empty pockets
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Baby boomers growing more wary of debt
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Lancer Partners Files For Chapter 11 Bankruptcy
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  Airlines:

A story of greed, American-style
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Day of Reckoning at AMR
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Carty bails out
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The Carty's Over
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Former Sears CEO Named Executive Chairman of Troubled American Airlines
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American Air's New Chief Executive Arpey Tries to Avert Bankruptcy Filing
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American Airlines CEO Carty Resigns
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History of Loyalty Helps Successor Reach Top, but May Not Calm Unions
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Donald Carty's Fortunes Rose and Fell on Employee Relations
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Buccaneer capitalism taking U.S. down
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American CEO is ousted
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Sink or soar
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AMR Unions Accept Management's Contract Changes
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Northwest urging workers with threat of Ch. 11
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At Northwest: Uneasy alliance
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Atlantic Express Creditors Oppose Added DIP Loan Request
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Air Canada, unions in pension row
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Fees owed: 'We can't seize an airplane'
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Air Canada might turn to Rothschild for help
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Bankruptcy 'Graduates' Will Shape North American Carrier Market Anew
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Airport authority says US Airways pullout would cost $1.5 billion
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Allegheny County readies claim against US Airways
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HealthSouth:

HealthSouth's Non-Trial Trial
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HealthSouth Had Planned Buyout, Executive Testifies
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Alabama fund to sue HealthSouth over bond losses
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Fifth HealthSouth Ex-CFO Charged with Fraud
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Wall Street:

Wall Street Braces for Revelations
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Impac Hotels to reorganize
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Trustee Seeks To Dismiss Zenith Indus Case Or Convert It
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Ex-EarthLink Associate to Plead Guilty
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Accounting:

Accounting chief's power under watch
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SEC Makes Demand of Accounting Panel
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Auditors for Cendant Settle SEC Complaint
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Energy:

Court Stays Pacific Gas & Electric Ch 11 Proceedings
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$600M wish for Aladdin Hotel
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Law Firms:

The Truth About Class Rankings
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Two NY Partners Defect
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A new man at Venable firm
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D Magazine Recognizes Six Winstead Attorneys as the Best Lawyers in Dallas
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One Defendant in Brobeck Suit Settles, Leaving Ex-Partner on Her Own
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Lawyer's Duty to Report Potential Malpractice Claims Never Ends
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Telecoms:

BoNY case against Global Crossing proceeds
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Level 3 mulls purchases of distressed companies
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Large Gain From XO Settlement Puts Level 3 Into Black
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Bankruptcy Court Approves Today's Man Plan To Close 24 Stores
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England:

D-day dawns for Duckworth
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Japan:

Japan Major Banks Hiked Bad-Loan Writeoffs On FSA Probe
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Thailand:

Banks insist credit line still intact Chatri takes issue with EPL statement
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Germany:

German financials weak after Deutsche warning
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