August 7, 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
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Telecoms:

MCI bill could have wide impact
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Another Taxing Issue for MCI
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Citizens for Tax Justice Report Urges Congress to Block MCI's $9.5 Billion Tax Loophole Grab
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WorldCom settlement with SEC is OK'd; $750 million deal includes cash, stock
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AT&T steps up MCI charges
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MCI hires Gibson Dunn for review
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AT&T Adds to WorldCom Tariff-Evasion Allegations
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Pair Defect To Shrinking Firm
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ATT Rebuts MCI: Details More Proof Of Wrongdoing
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Partner Finds His "Not for Citation" Victory in High Demand
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New Rules Leave Lawyers In Bind on Whistle-Blowing
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New data show WorldCom rerouted calls, AT&T says
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The shifting sands of UK law
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WorldCom Stopped Routing After Subpoena
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Logging on at the Airport Costs New Partner His Vacation
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MCI Nearer Bankruptcy, Faces New Charges
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A Novo Broadband sells for a song
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Court Extends Recoton's Sole Right To File Turnaround Plan
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Law Firms:

Lawyers project increased hiring in next 12 months
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Atlanta-Based Law Firm Powell, Goldstein Chooses McAlpin for Top Position
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Jenkens faces class action over legal privilege dispute
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U.S. attorneys' group eyes change in client secrets rules
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What You Need to Know to 'Sell' Your Law Firm to New Attorneys and Laterals
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NY Firm Closes Denver Satellite
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11 'Quick' Fixes to Problems With Your Staff Pay Plan
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In tough economic times, firms’ management must look at where a firm is under-performing, pinpoint the fee earners who must take responsibility and take the appropriate action
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Task force tells US attorneys to report laundering
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What Challenges Will Generation Y Create for Firm Managers?
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NY Practice Leader Defects
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Feedback Must-Haves for Your Law Firm's Partner/Supervisors
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Managing Multiple Office Recruitment: How Vinson & Elkins Makes it Work
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California Bar votes to open up legal market
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26 Ways to Improve Relationships With Your Junior Lawyers
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Salans set for Altheimers Euro deal
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Gibson Dunn gears up for Brussels launch
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Hammonds to set up war chest by raising partner contributions
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UK partners back government plans to let practices float
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Castaways seeks to change health plan
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HealthSouth Granted Option to Music Mogul
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Samuels Jewelers Expects OK On $3M Interim DIP Loan
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  Airlines:

Airline creditors seeking details
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Airlines, Airports Differ Sharply On Bankruptcy
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Northwest Chief Says Airline Will Not File for Bankruptcy
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Second Union Files Suit Against NWA
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Cerberus abandons bondholders: bid may follow
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Air Canada asks court to approve special payment
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Analysts Say: CAE's wobbly flight path
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Northwest Air Says Problems Persist for Major U.S. Carriers
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Asbestos:

RHI says to sue Halliburton over asbestos payments
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Judge approves ANC asset sale
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ANC Rental: Cerberus Capital Deal Clears Bankruptcy Ct
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DIP Dimensions: WestPoint Stevens Inc.
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Bankrupt foundation puts Kalakala on auction block
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Southeast hospital gets deadline for repairs
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Fulton seeks executive bonuses
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A Year After Scandal, Peregrine To Emerge From Bankruptcy
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Peregrine Systems set to exit bankruptcy
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Audit finds flaws in Kmart contracts - "firm evidence" of misconduct in four vendor contracts
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S&P Put DVI Receivable XIX LLC Ser 2003-1 on WatchNeg
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Net Perceptions winds down
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White Mountain close to bankruptcy exit
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Plan for liquidation of Brennan estate to be presented Thursday
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Tyson Broke and Fading Fast
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Some Big Banks Sheltered hundreds of millions of dollars from state taxes by creating investment funds paying tax-exempt dividends to their corporate parents
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Creditors have reached an agreement that could end Honolulu Memorial Park's Chapter 11 bankruptcy case
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Icahn bids for Philip Services
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Creditors, Unions Object to Some Asset Sales of Bankrupt Horsehead Industries
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Appeals court reduces judgment for Erxleben figure
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Collier Bankruptcy Case Update

Steel:

Weirton Steel awaits ruling on bonuses
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Steel business suffers through hard times
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Spectrum Restaurant Group Announces Reorganization
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Integrated Health's backup plan, K&E's lawyer parade, Mirant all charged up, Coram case reaches third year and S&P junks Jordan Industries
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EdgeStone lead bidder for CanFreight
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Consol Freightways Asset Sale: Via Open Auction
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Pittsburgh to lay off 731 city workers
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Allou Distributors Trustee Seeks Documents From 35 Firms
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Court cuffs strike threat at Advanced
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Wall Street to Move Junk -- Fast
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New Bankruptcy Opinions
(No new opinions today) 

Bankruptcy Court Web/Pacer Site Directory

Weird News
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Recent Going-Concern Statements
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Bankruptcy laws need changing
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UBS faces 125 mln USD US lawsuit from Inverworld administrator
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Enron:

Judge agrees to hear request to unseal Enron transcript
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Enron law firms escape criticism in Batson report
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US Congress slams lawyers in post-Enron securities report
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Accounting:

SEC Opposes Ernst & Young Motion In PeopleSoft Case
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'Spineless' auditors could kill off the profession
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California Targets Abusive Tax Shelters With New Round of Audits
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Insurance Firm Declared Insolvent, Leaving Alaska Drivers Without Refund
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'Rescue Finance' Market Rises
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Bankruptcy could cost janitor security clearance
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Fantastic Sams gets 4 new owners
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Kleinert’s moves to liquidate
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Vantico: Fight to the debt
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England:

New Drax Directors See Extension Of Standstill Agreement
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Effective Enforcement And Commercial Rent Arrears
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Future of power station is still in question
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US company withdraws from British power plant
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Canada:

Insolvent Doman Industries makes $13.7 million profit
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Imperial PlasTech Obtains Further Order Under Bankruptcy Code
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France:

Turnaround specialist takes a rest after engineering the deal
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France justifies Alstom bail-out
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Germany:

US investor to challenge Saban
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Korea:

The sad tale of Hyundai scion's demise
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Japan:

Deferred Tax Assets Big Impact For Japan Insurers
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Italy:

Italy plots Cirio rescue
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Australia:

Is It Time To Indemnify Directors For Civil Penalty Orders For Insolvent Trading?
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Cayman Islands:

Protecting The Offshore Corporate Veil
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