April 3, 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

         
Home court advantage
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Energy:

Refinancing Victory Leaves Dynegy Decimated
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FERC rules CalPower can liquidate
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PG&E Claims $2.3B in Overcharges During 2000 by Firms
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S&P cuts Southwest Royalties corporate credit rtg, recapitalization necessary
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Crescent Machinery to emerge from bankruptcy
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Bankrupt Fleming Receives $50 Million Interim Financing
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Fleming: Loan Pact Includes $1M Carve-Out For Fees
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Bankruptcy Court orders liquidation of Body Solutions maker
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Austin: Bradley, FDIC may go to court in August
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Philip Morris:

AG to sue Philip Morris if 330M bill isn't paid
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Health Groups Urge Illinois General Assembly to Reject Bill to Cap Appeal
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Decreasing Prices Ignite a Sell-Off in Tobacco Bonds
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Struggling Hauser files Chapter 11 as losses continue
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Big Net files for bankruptcy
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As Workers Face Pension Cuts, Executives Get Rescued
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Enron:

Broadband officials plead not guilty
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Enron Creditors Lose Bid to Sue Whitewing
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Steel:

Top Bethlehem Steel Execs Poised to Get Big Payouts
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Glotec Auditors Warn On Viability
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Wall Street:

Rating agencies may lose status
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Court Approves Federal-Mogul's Sale of OE Lighting Assembly Operations To Decoma International
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Conseco:

Conseco Finance submits creditor plan
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Conseco Finance Files Reorganization Plan
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HealthSouth:

More pleas to come from HealthSouth employees
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HealthSouth Founder Cultivated Loyalty
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Hockey:

Kings' Books Oozing Red Ink
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Kmart:

Investors, lenders name Kmart board
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Kmart board knows cash
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Jomed Continues Refinancing Talks With All Parties
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Airlines:

Bush not aboard airline relief
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Bankruptcies Are Spark for Revitalizing Airlines
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American Stock Options May Ease Pain
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Workers at American 'not happy' with deal
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Storm Clouds Ahead for American Airlines despite Concessions
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Concern in St . Louis that American cuts will hit hard - again
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War and Fear of SARS Hit March Air Travel
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Airlines Try to Lobby With One Voice
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Airline trustee unlikely
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Bonuses don't fly with Delta employees
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Capping airline executives' pay in return for aid is fair
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Air Canada prepares to downsize
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Air Canada will be A-OK: airline analysts to consumers
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Reverberations From Air Canada Bankruptcy Widespread
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Air Canada Filing Hits Small Debtholders Hard
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Air Canada's knight emerges
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Bad policy weighs down airline
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Air Canada takes out full-page ads in major papers to reassure customers
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Take the cut or twist the knife?
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Air Canada name on arena as long as it pays
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Pittsburgh airport officials prepare for US Airways' lease renegotiations
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Pa. county may sue US Airways
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United, baggage handlers' union appear far apart on cost cuts
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American execs face smaller cuts
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American came within minutes of bankruptcy filing
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Out of Chapter 11 but not out of trouble
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317 mechanics at United get an early boot
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Hawaiian Considers Closing Mainland Pilot Hubs
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Passenger weigh-ins have heavy implications
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Midwest Air And Its Pilots Agree On Wage Concessions
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Tokheim gets reorg plan extension
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Merrill Lynch Is Bullish on Layoffs
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Hotel owner says Wyndham defaulted on leases
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Corporate Reform:

Still Waiting for Corporate Reform
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Accounting:

Half a loaf
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Equitable heat back on E&Y
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After the big accounting scandals, small is looking better
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New Bankruptcy Opinions
(No new opinions 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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Asbestos:

Delay irks asbestos claimants
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ABB Asbestos Pact Hopes Intact Despite Delay Of Hearing
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DIP Dimensions: Superior TeleCom
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Letter from Delaware - Bankruptcy reform advances, AmeriKing stalls and Armstrong looks like a takeover play
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Plea deal offered Erpenbeck
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Telecoms:

Unsecureds seek to sue MFN lenders
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Superior Telecom Wants Court OK On Worker Retention Plan
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AT&T Canada emerges from bankruptcy
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Law Firms:

D'Ancona bankruptcy chief leaves firm
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Law firms prepare for the worst
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Shearman's Profits Soar
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Shearman Cancels Annual Partner Conference
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Morgan Lewis faces Brobecks action
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BlackBerrys Bear Fruit for Dewey Ballantine
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Pillsbury Winthrop settles defamation suit
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Fried Frank Merger Talks Stalled Again
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Chicago firms win LLP conversion rights
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Stop the Entry Madness
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Andersenís shadow looms over Chicago
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ABN shakes up panel in legal costs clampdown
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O'Melveny's & Myers posts profits rise
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King & Spalding makes first UK hire
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Pilsburys takes two from rival US firms
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Case of the blind leading the blind
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Law firm project management - A question of priorities
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Lexington Healthcare Files For Chapter 11
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Bankruptcy Reform:

Debtors' Prisons Coming Back? :)
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Australia:

Skase probe wraps up
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Russia:

UES Delinquency Swells to $3Bln
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Japan:

Rediscovering Japan
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