April 29, 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

         
Airlines:

Ex-TWA Workers Say Goodbye to American
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AMR chair to quit boards
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AMR Still Working to Cut $4 Billion
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50 hours that saved American Airlines
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Airline Unions Retain Strength in Slump
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Ex-American Airlines CEO Flunks Out
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Apologies Vs. Ethics
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Mechanics Union in New York Wins Time to Consider American Airlines' Contract
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Bankrupt air carrier sues Batchelor estate
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Credit card firm may cut off Air Canada
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Air Canada Provides Update on Restructuring
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Earth-bound Discover Air closes shop
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Anchorage, Alaska, Officials Fight Air Industry Slump
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Delta Air Lines CEO Leo Mullin tells shareowners airline can survive
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Airline Workers Losing Perks
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Governor: US Airways not our enemy
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Home builder awarded $6.4 million in bankruptcy suit vs. buyer
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Law Firms:

Hale and Dorr gets its pound of flesh
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Former Brobeck Staffers Skeptical of Morgan Lewis Offer to Help in Job Hunt
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Some are at £1,000 per hour, but most fees squeezed at commercial bar
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Ex-Partner Ordered to Produce Financial Records
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Partnership promotions suffer
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Partner loss clouds Pillsbury’s ChevronTexaco relationship
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Miles & Stockbridge acquires city law firm of 10 attorneys
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Hockey:

Senators finally score on a deal
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Melnyk Close to Buying Senators
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Ex-National Finance CEO pays $6M to company's lenders
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Mastercard agreed to pay retailers about $1 billion to settle a suit over fees
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Visa's High-Stakes Fight to the Finish
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  Owens-Corning gets 5th reorg extension
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Supreme Court to Hear Case Over Bankruptcy Deadlines
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Retired bankruptcy judge joins Hinkle Elkouri
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Eddie Bauer owner might shut 60 stores
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Spiegel seeks court OK for its credit cards
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Lawyer Files for Bankruptcy to Win Change of Venue
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Enron:

Enron may go after bankers
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Remember Enron?
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Steel:

Restructuring costs Algoma $17 million
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Daisytek Warns of Loss, Possible Bankruptcy
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Kmart:

Skadden bills snowball on Kmart
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Florida Philharmonic:

No bailout in the offing for Florida orchestra
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Florida Philharmonic lays out financial rescue plan; doubts raised over whether it work
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Regal Cruises:

Cruise line shuts down under creditor pressure
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Regal cruise line fortunes sink
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Le Meridien faces early checkout as bankruptcy looms
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Recoton Saved
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Advanced Tissue Sciences Announces Agreement for Additional Asset Sales
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Hawaii: Campbell Estate heir files for bankruptcy
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Las Vegas: Desert Passage restaurant, nightclub venue files for bankruptcy protection
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New Try to Convert Griffin Bankruptcy Back to Chapter 11
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Steal this record and millions like it - How Napster's young founders got rich, then ran into trouble
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Corporate Reform:

Message on CEO Pay Getting Through
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Breed Confirms Sale to Carlyle
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Bankruptcy Reform:

Bankruptcy bill would do too much for creditors, not enough for consumers
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Telecoms:

ICO Global buys Globalstar
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Judge cuts Couderts' fees on Global Crossing bankruptcy
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Ebbers' B.C. ranch rumoured to be sold
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WorldCom Posts $43 Million Net Income in March
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WorldCom may trigger consolidation
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XO names new CEO
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Wall Street:

Banks to pay $1.4B settlement
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In a Wall St. Hierarchy, Short Shrift to Little Guy
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The Settlement Is Just the Beginning
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Pact With Brokerage Industry Requires Broad Changes
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E-Mail Trail
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Salomon's Grubman drew scorn of sales force
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Weill Told To Zip Lips With Citigroup Analysts
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Grubman: Fined $15m
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Spitzer Views Salomon Notes as Highlight of Probe
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Spitzer scolds CEO over risk, fraud
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Wall Street's bankers settle up
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___________________

England:

Olswang stunned by £19m High Court negligence claim
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Executive pay crackdown in the offing
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______________________

Canada:

PCNET Obtains Conditional Commitment Letter, Misses CCAA Payment Date
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_________________________

France:

Siemens to pay $1.2B for Alstom unit
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