August 14, 2003 

Airlines:

As Northwest Recovers, Cost-Cutting Gets Harder
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Malden Mills Sees Approval Of Bankruptcy Emergence Plan
(DBN Subscription Required)

Law Firms:

E-Discovery Cost-Shifting Rules Announced in Federal Court Decision
(Martindale: separate free registration required)

Lawyers Cope With Tighter Rules
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NY Firm Told to Put What It Takes to Make Partner in Writing
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Legal Ease - While the last two years have been a dry season for corporate earnings in America, at America's premier law firms business has rarely been better
(WSJ: separate paid subscription required)

Idling IPO Engine May Rev Again
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Confusion Reigns Over NY Firm's Name
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Firm Transforms Office Into Golf Course for a Day
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DVI says to file for bankruptcy protection
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Bankruptcy Court Orders NextCard Into Chapter 7 Liquidation
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Global corporate default rate falls in July
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Bankruptcy judge blocks bid to expand Adelphia board
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Conseco:

Conseco wants plan expedited
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Conseco Proposes 9/5 Confirmation Hearing
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Disaster looms for textile industry
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Penthouse:

Outmoded Penthouse lands in the poorhouse
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From 'Penthouse' to penury? The man who would be King of the Centerfold
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Naked truth is revealed
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Limp Penthouse files for Chapter 11
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ACT bankers face huge hit
(The Deal: separate paid registration required)

Amerco Real Estate Company Files Voluntary Petition to Reorganize Under Chapter 11
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A Lump-Sum Threat to Pension Funds
(NYT: separate free registration required)

Westar and Banc One Schedule Bankruptcy Hearing to Settle Claims
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Court Backs Headway Corp Resources Disclosure Statement
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Enron:

Not So Firm With Lawyers
(DBN Subscription Required) (Bad link corrected from yesterday's edition)

Enron Sues Louisiana-Pacific Over Power Contract
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Accounting:

SEC bars Price partner from audits
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Tougher guidelines issued for directors and auditors
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Conditions for the Use of Non-GAAP Financial Measures and New Form 8-K Requirements for Earnings Releases
(Martindale: separate free registration required)

RJR has refused to turn over certain documents related to an SEC investigation of the cigarette maker's expense accounting
(WSJ: separate paid subscription required)

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Actrade Financial Gets Crt Approval For September Auction
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U.S. subpoenas CareFirst
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Allou Ex-Chief a Witness
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Tucson bankruptcy lawyer to lead ABA section
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Tyson Bankruptcy Delays Lawsuit Against King
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Energy:

Dynegy's full-year figures may dip into loss
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PG&E Corp. Schedules Release of Second Quarter Financial Results
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DIP Dimensions: Pillowtex Corp. - A "special reserve" provision effectively limits the textile maker's access to its $120 million loan facility
(The Deal: separate paid registration required)

Asbestos:

Asbestos Panel Opposes WR Grace's Ch 11 Plan Exclusivity
(WSJ: separate paid subscription required)

CNA Discloses List of Asbestos-Related Lawsuits
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Union Acceptance Reports Confirmation of Plan of Reorganization
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Court Refuses Albertson's Bid To Escape Fleming Contract
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Officers and Owners of Delaware Entities Beware: Delaware Legislation Means It's Easier to Sue You, Easier to Demand Books and Records
(Martindale: separate free registration required)

Third Circuit Limits Landlord's Right to Recover from Tenants who Claim Protection Under Chapter 11 of the Bankruptcy Code
(Martindale: separate free registration required)

Union For Pillowtex Workers Continues To Seek Buyers
(WSJ: separate paid subscription required)

AM Communications, Inc. Announces Restructuring Plan
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Telecoms:

WorldCom may have routed $19B to avoid state taxes
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Worldcom May Have Avoided hundreds of millions of dollars in state taxes
(WSJ: separate paid subscription required)

Citigroup Analyst Backed WorldCom Bonds After Doubts, Suit Says
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Globalstar posts second quarter loss
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SBC:Not Being Properly Paid for MCI Calls
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Dobson Communications Corporation and American Cellular Corporation Announce Successful Exchange Offers With American Cellular Note Holders
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Telecom Investors See Big Promise
(WSJ: separate paid subscription required)

Get Real -- MCI Is No Technological Marvel
(WSJ: separate paid subscription required)

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The locals, the bears, the bankruptcy
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Fife Vineyards files for bankruptcy protection
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Letter from Delaware - Asbestos reform a low priority, Pittsburgh judge gets tough
(The Deal: separate paid registration required)

England:

TAG payouts set to fuel anger of creditors
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Million-dollar bankrupt
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Australia:

Insolvency Notices
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Selim loses court bid to limit Pan liquidator's powers
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Japan:

Japan's July Bankruptcies Fall as Economy Grows
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Lone Star to sponsor failed hotel operator
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Canada:

Judge blasts bureaucrat's behavior
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Bankruptcies still far ahead of last year
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Switzerland:

Swiss becoming lax about paying bills
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Bankruptcy hits industry
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